Samsung 2010 Annual Report Download - page 32

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
2) Joint ventures
A listing of interests in significant joint ventures and the proportion of ownership interest held in jointly controlled entities is as follows:
Market value information of publicly listed investees as of December 31, 2010 and 2009, and January 1, 2009 are as follows:
(In millions of Korean Won)
(In millions of Korean Won)
(In millions of Korean Won)
2009
Investee Percentage of
ownership (%) Assets Liabilities Sales Proportionate
net income
Samsung Card 35.3
￦
13,462,265
￦
8,957,605
￦
2,716,224
￦
612,030
Samsung Electro-Mechanics 22.8 4,198,925 1,600,520 3,192,031 310,946
Samsung SDI 19.7 6,388,498 1,535,513 3,550,584 232,050
Samsung SDS 21.3 1,992,836 598,347 2,494,052 272,450
Samsung LED 50.0 751,053 404,603 544,598 59,114
2009. 1. 1
Investee Percentage of ownership (%) Assets Liabilities
Samsung Card 35.3
￦
16,822,733
￦
12,996,775
Samsung Electro-Mechanics 22.8 3,208,324 1,258,004
Samsung SDI 19.7 5,863,583 1,414,290
Samsung SDS 21.3 1,872,801 730,698
Samsung LED - - -
(In millions of Korean Won)
Ownership (%) Invest amount
Samsung Corning Precision Materials 42.5 297,165
Siltronic Samsung Wafers 50.0 266,949
TSST Japan 49.0 150,451
Syrian Korean Company for Manufacturing
& Marketing Telecommunication Equipment 49.0 2,061
2010 2009 2009. 1. 1
Current assets
￦
1,772,685
￦
2,213,686
￦
1,365,509
Non-current assets 2,028,554 1,753,952 1,934,880
Total assets 3,801,239 3,967,638 3,300,389
Current liabilities 581,971 657,148 625,228
Non-current liabilities 363,499 331,819 311,590
Net assets 2,855,769 2,978,671 2,363,571
Total sales 3,568,044 3,736,217 -
Total expense 2,134,170 2,572,603 -
Net income 1,433,874 1,163,614 -
11. Property, Plant and Equipment
Changes in property, plant and equipment for the years ended December 31, 2010 and 2009, consist of the following:
As of December 31, 2010 and 2009 and January 1, 2009, a certain portion of overseas subsidiaries’ property, plant and equipment
amounting to

5,592 million,

5,518 million and

5,766 million is pledged as collateral for various loans from financial institutions,
respectively.
2010
Land Buildings and
structures
Machinery and
equipment
Construction-
in-progress /
machinery-in-
transit
Others Total
Balance at January 1, 2010
￦
7,017,731
￦
9,853,909
￦
22,288,401
￦
3,416,199
￦
984,055
￦
43,560,295
Acquisition cost 7,017,731 13,936,341 71,886,218 3,416,199 3,596,180 99,852,669
Accumulated depreciation and impairment - (4,082,432) (49,597,817) - (2,612,125) (56,292,374)
Acquisitions 8,250 369,090 1,619,721 19,167,984 454,199 21,619,244
Acquisitions from business combinations - 1,060 18,699 - 3,642 23,401
Reclassifications 114 1,111,636 12,950,627 (14,351,744) 289,367 -
Depreciation - (779,389) (9,679,264) - (388,721) (10,847,374)
Disposals (401,690) (168,543) (658,086) 1,890 (57,636) (1,284,065)
Net exchange differences 7,093 (35,136) (47,356) (23,051) 8,124 (90,326)
Others (106) (40,311) (18,169) 32,549 9,456 (16,581)
Balance at December 31, 2010
￦
6,631,392
￦
10,312,316
￦
26,474,573
￦
8,243,827
￦
1,302,486
￦
52,964,594
Acquisition cost 6,631,392 15,055,715 81,456,534 8,243,827 4,147,859 115,535,327
Accumulated depreciation and impairment - (4,743,399) (54,981,961) - (2,845,373) (62,570,733)
2009
Land Buildings and
structures
Machinery and
equipment
Construction-
in-progress /
machinery-in-
transit
Others Total
Balance at January 1, 2009
￦
6,901,822
￦ 9,020,278 ￦
24,023,386
￦
5,160,084
￦ 1,171,187 ￦
46,276,757
Acquisition cost 6,901,822 12,492,802 67,191,220 5,160,084 3,673,681 95,419,609
Accumulated depreciation and impairment - (3,472,524) (43,167,834) - (2,502,494) (49,142,852)
Acquisitions 14,972 49,720 89,661 7,545,684 372,128 8,072,165
Acquisitions from business combinations - 112,328 431,153 268,049 29,898 841,428
Reclassifications 132,952 1,456,309 7,131,260 (8,850,888) 130,367 -
Depreciation - (748,100) (9,390,162) - (633,072) (10,771,334)
Disposals (19,053) (42,301) (64,962) (28,872) (11,320) (166,508)
Net exchange differences (13,007) (106,651) (189,199) (184,365) (61,631) (554,853)
Others 45 112,326 257,264 (493,493) (13,502) (137,360)
Balance at December 31, 2009
￦
7,017,731
￦
9,853,909
￦
22,288,401
￦
3,416,199
￦
984,055
￦
43,560,295
Acquisition cost 7,017,731 13,936,341 71,886,218 3,416,199 3,596,180 99,852,669
Accumulated depreciation and impairment - (4,082,432) (49,597,817) - (2,612,125) (56,292,374)
(In millions of Korean Won)
(In millions of Korean Won)
2010 2009 2009. 1. 1
Market value
of investee
Recorded
book value
Market value
of investee
Recorded
book value
Market value
of investee
Recorded
book value
Associates
￦
5,153,483
￦
2,235,422
￦
4,776,448
￦
1,862,664
￦
1,658,452
￦
1,575,510
(In millions of Korean Won)