Samsung 2010 Annual Report Download - page 22

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Samsung Electronics Co., Ltd. and Subsidiaries
1. General Information
Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea to manufacture and sell semiconductors,
LCDs, telecommunication products, and digital media products.
As of December 31, 2010, SEC’s shares are listed on the Korea Stock Exchange, and its global depository receipts are listed on the London
and Luxembourg Stock Exchange. SEC is domiciled in the Republic of Korea and the address of its registered office is Suwon, the Republic
of Korea.
Consolidated subsidiaries
The consolidated financial statements include the accounts of SEC and its controlled subsidiaries (collectively referred to as “the Company”).
Controlled subsidiaries generally include those companies over which the Company exercises control. Control over an entity is presumed to
exist when the Company owns, directly or indirectly through subsidiaries, over 50% of the voting rights of the entity, the Company has the
power to govern the operating and financial policies of the entity through agreement or the Company has the power to appoint or remove
the majority of the members of the board of the entity.
Outlined below is a full list of SEC’s consolidated subsidiaries:
Area Subsidiaries
Korea
Samsung Gwangju Electronics, STECO, SEMES, Samsung Electronics Service, Living Plaza, Samsung Electronics Logitech, SECRON,
S-LCD, Samsung Electronics Hainan Fiberoptics Korea, Samsung Electronics Football Club, Samsung Mobile Display, World Cyber
Games, Samsung Venture Capital Union #6, #7 and #14, Ray, GES
Americas
Samsung Electronics Canada (SECA), Samsung Electronics America (SEA),
Samsung Electronics Latinoamerica (SELA), Samsung Electronics Mexico (SEM),
Samsung Electronics Argentina (SEASA),
Samsung Receivables (SRC), Samsung Semiconductor (SSI),
Samsung Information Systems America (SISA), Samsung Telecommunications America (STA),
Samsung International (SII), Samsung Austin Semiconductor (SAS),
Samsung Mexicana (SAMEX), Samsung Electronics Latinoamerica Miami (SEMI),
Samsung Electronica Columbia (SAMCOL), Samsung Electronica da Amazonia (SEDA),
SEMES America (SEMESA), Samsung Electronics Chile (SECH),
Samsung Electronics Peru (SEPR), Samsung Electronics Venezuela (SEVEN)
Europe
and Africa
Samsung Electronics Iberia (SESA), Samsung Electronics Nordic (SENA),
Samsung Electronics Hungarian (SEH), Samsung Electronics Portuguesa (SEP),
Samsung Electronics France (SEF), Samsung Electronics (UK)(SEUK),
Samsung Electronics Holding (SEHG), Samsung Electronics Italia (SEI),
Samsung Electronics South Africa (SSA), Samsung Electronics Benelux (SEBN),
Samsung Electronics LCD Slovakia (SELSK), Samsung Electronics Polska (SEPOL),
Samsung Semiconductor Europe (SSEL), Samsung Electronics GmbH (SEG),
Samsung Semiconductor Europe GmbH (SSEG), Samsung Electronics Austria (SEAG),
Samsung Electronics Overseas (SEO), Samsung Electronics Europe Logistics (SELS),
Samsung Electronics Rus (SER), Samsung Electronics Rus Company (SERC),
Samsung Electronics Slovakia (SESK), Samsung Russia Service Center (SRSC),
Samsung Electronics Rus Kaluga (SERK), Samsung Electronics Baltics (SEB),
Samsung Electronics Ukraine Company (SEUC),
Samsung Electronics KZ and Central Asia (SEKZ),
Samsung Semiconductor Israel R&D Center (SIRC), Samsung Gulf Electronics (SGE),
Samsung Electronics Ukraine (SEU), Samsung Electronics Limited (SEL),
Samsung Telecoms (UK)(STUK), Samsung Electronics Kazakhstan (SEK),
Samsung Electronics Turkey (SETK), Samsung Electronics Levant (SELV),
Samsung Electronics Romania (SEROM), Samsung Electronics Czech and Slovak (SECZ),
Samsung Electronics European Holding (SEEH), Samsung Electronics Morocco (SEMRC),
Samsung Electronics Poland Manufacturing (SEPM), Samsung Electronics West Africa (SEWA),
Samsung Electronics Greece (SEGR), Liquavista B.V. (LV), Liquavista UK (LVUK),
Samsung Opto-Electronics GmbH (SOG)
China
Samsung Electronics Hong Kong (SEHK), Samsung Electronics Taiwan (SET),
Samsung Electronics Huizhou (SEHZ), Samsung Electronics (Shandong) Digital Printing (SSDP),
Samsung Electronics Suzhou Semiconductor (SESS), Suzhou Samsung Electronics (SSEC),
Samsung Suzhou Electronics Export (SSEC-E), Samsung (China) Investment (SCIC),
Tianjin Samsung Electronics (TSEC), Tianjin Samsung Telecom Technology (TSTC),
Samsung Electronics Suzhou LCD (SESL), Samsung Electronics Suzhou Computer (SESC),
Shanghai Samsung Semiconductor (SSS),
Area Subsidiaries
China
Shenzhen Samsung Kejian Mobile Telecommunication Technology (SSKMT),
Samsung Electronics Hainan Fiberoptics (SEHF), Samsung Electronics (Beijing) Service (SBSC),
Samsung Semiconductor (China) R&D (SSCR), Beijing Samsung Telecom R&D Center (BST),
Samsung Electronics Shanghai Telecommunication (SSTC),
Samsung Electronics Shenzhen (SESZ), Samsung Electronics China R&D Center (SCRC),
Dongguan Samsung Mobile Display (DSMD), Tianjin Samsung Mobile Display (TSMD),
Samsung Guangzhou Mobile R&D Center (SGMC), Tianjin Samsung Opto-Electronics (TSOE),
Samsung Tianjin Mobile R&D (STMC), Liquavista HK (LVHK)
Rest of Asia
Samsung Yokohama Research Institute (SYRI), Samsung Electronics Australia (SEAU),
Samsung Electronics Indonesia (SEIN), Samsung Asia (SAPL),
Samsung Electronics Asia Holding (SEAH), Samsung Electronics Display (M)(SDMA),
Samsung Electronics (M)(SEMA), Samsung Vina Electronics (SAVINA),
Samsung India Electronics (SIEL), Thai Samsung Electronics (TSE),
Samsung Electronics Philippines (SEPCO), Batino Realty Corporation (BRC),
Samsung Electronics Philippines Manufacturing (SEPHIL), Samsung Japan (SJC),
Samsung Telecommunications Indonesia (STIN), Samsung Malaysia Electronics (SME),
Samsung Electronics Vietnam (SEV), Samsung India Software Operations (SISO),
Samsung Telecommunications Japan (STJ), Samsung Telecommunications Malaysia (STM)
Samsung Bangladesh R&D (SBRC)
Changes in scope of consolidation
(a) Subsidiaries newly included in consolidation for the year ended December 31, 2010, as follows:
(b) Details of subsidiaries deconsolidated for the year ended December 31, 2010, are as follows:
Location Name of subsidiaries Remark
Korea Ray (RAY) Newly acquired
Global Engineering Solutions (GES) Newly acquired
Americas Samsung Electronics Peru S.A.C (SEPR) Newly incorporated
Samsung Electronics Venezuela (SEVEN) Newly incorporated
Europe
and Africa
Samsung Electronics Greece (SEGR) Newly incorporated
Samsung Electronics West Africa (SEWA) Newly incorporated
Samsung Opto-Electronics GmbH (SOG) Newly acquired
Liquavista B.V. (LV) Newly acquired
Liquavista UK (LVUK) Newly acquired
Asia Samsung Bangladesh R&D (SBRC) Newly incorporated
China
Samsung Guangzhou Mobile R&D Center (SGMC) Newly incorporated
Tianjin Samsung Opto-Electronics Company (TSOE) Newly acquired
Samsung Tianjin Mobile R&D (STMC) Newly incorporated
Liquavista HK (LVHK) Newly acquired
Location Name of subsidiaries Remark
China Tianjin Tongguan Samsung Electronics (TTSEC) Merged
Tianjin Samsung Electronics Display (TSED) Merged