Samsung 2009 Annual Report Download - page 42

80 81 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Deferred income tax assets and liabilities from tax effect of temporary differences including available tax credit carryforwards and undisposed
accumulated deficit as of December 31, 2008, were as follows:
The Company periodically assesses its ability to recover deferred income tax assets. In the event of a significant uncertainty regarding the
Company's ultimate ability to recover such assets, a valuation allowance is recorded to reduce the assets to its estimated realizable value.
(In millions of Korea won)
Temporary Differences Deferred Income Tax Asset (Liabilities)
Beginning
Balance
Increase
(Decrease)
Ending
Balance
Beginning
Balance
Increase
(Decrease)
Ending
Balance Current Non- Current
Deferred tax arising from temporary differences
Special reserves
appropriated for
tax purposes
₩ (
1,455,564)
₩
173,270
₩
(1,282,294)
₩
(400,280)
₩
104,151
₩
(296,129)
₩
(154,271)
₩
(141,858)
Equity-method
investments and
others
(4,097,827) (1,124,707) (5,222,534) (508,715) (87,415) (596,130) - (596,130)
Depreciation (369,242) 310,779 (58,463) (123,485) 68,982 (54,503) 15,995 (70,498)
Capitalized interest
Expense (49,718) 5,691 (44,027) (13,673) 3,988 (9,685) - (9,685)
Accrued income (209,713) (13,892) (223,605) (57,577) 3,513 (54,064) (54,064) -
Allowance(technical
expense, others) 2,485,219 841,039 3,326,258 691,150 154,903 846,053 754,929 91,124
Deferred foreign
exchange gains 20,959 7,443 28,402 5,840 1,680 7,520 5,630 1,890
Foreign currency
translation - 486,833 486,833 - 115,933 115,933 85,224 30,709
Impairment losses
on investments 508,150 8,808 516,958 139,541 (25,718) 113,823 - 113,823
Others 1,115,978 734,838 1,850,816 258,692 263,561 522,253 473,480 48,773
₩
(2,051,758)
₩
1,430,102
₩
(621,656)
₩
(8,507)
₩
603,578 595,071 1,126,923 (531,852)
Deferred tax assets arising from the carryforwards
Undisposed
accumulated deficit
₩
3,226,268
₩
(772,852)
₩
2,453,416
₩
306,323
₩
(127,372) 178,951 77,464 101,487
Tax credit
carryforwards
₩
1,240,611
₩
101,504
₩
1,342,115
₩
791,219
₩
142,325 933,544 931,120 2,424
Deferred tax relating to items charged to equity
₩
(3,562,501)
₩
(1,615,393)
₩
(5,177,894)
₩
(755,003)
₩
72,831 (682,172) (2,920) (679,252)
₩
1,025,394
₩
2,132,587
₩
(1,107,193)
Temporary differences, whose deferred tax effects were not recognized due to the uncertainty regarding ultimate realizability such assets, as
of December 31, 2009 and 2008, are as follows:
1. It is uncertain that the temporary differences arising from the revaluation of the land are realizable as it is uncertain that the land will be disposed in the
foreseeable future.
2. The Company does not expect cash inflows, such as proceeds from the disposal of, or receipts of dividends from earnings arising from certain
subsidiaries and equity method investments within the foreseeable future.
Deferred income tax assets and liabilities and income tax expense charged directly to equity as of and for the years ended December 31,
2009 and 2008, are as follows:
(In millions of Korean won)
2009 2008
Ⅰ
. Deductible temporary differences
Equity-method investments and others 2
₩
87,629
₩
588,783
Undisposed accumulated deficit 1,391,786 1,700,465
Tax credit carryforwards 381,534 305,227
Others 53,658 50,383
Ⅱ
. Taxable temporary differences
Land revaluation 1 (397,985) (397,985)
Equity-method investments and others 2 (3,668,470) (2,924,351)
Others (1) (201)
(In millions of Korean won)
2009 2008
Ⅰ
. Deferred income tax assets and liabilities
Gain (Loss) on valuation of available-for-sale securities and others
₩
(639,912)
₩
(682,172)
Ⅱ
. Income tax expense
Gain on sale of treasury stock and others
₩
2,994
₩
(2,622)