Samsung 2011 Annual Report Download - page 23

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40
41
Area Subsidiaries Industry Percentage of
ownership
America
Samsung International (SII) Manufacture of CTV 100.0
Samsung Telecommunications America (STA) Sale of Cell phone and WiMAX 100.0
Samsung Austin Semiconductor (SAS) Manufacture of semiconductor 100.0
Samsung Electronics Mexico (SEM) Manufacture and sales of electronic devices 100.0
SEMES America (SEMESA) Semiconductor equipments 100.0
Samsung Electronics Latinoamerica Miami (SEMI) Sale of IT, communication equipment 100.0
Samsung Medison America (SMUS) Medical equipments 100.0
Samsung Electronics Latinoamerica (SELA) Sale of IT, communication equipment 100.0
Samsung Electronics Venezuela (SEVEN) Marketing and services 100.0
Samsung Electronica Colombia (SAMCOL) Sale of electronic devices 100.0
Samsung Electronica da Amazonia (SEDA) Manufacture and sales of electronic devices 100.0
Samsung Electronics Argentina (SEASA) Marketing and services 100.0
Samsung Electronics Chile (SECH) Sale of electronic devices 100.0
Samsung Electornics Peru (SEPR) Sale of electronic devices 100.0
Samsung Medison Brasil (SMBR) Medical equipments 100.0
HX Diagnostics (HX) Medical equipments 100.0
HX Reagents (HX Reagent) Medical equipments 100.0
Deltapoint Cardiac Diagnostics (Deltapoint) Medical equipments 100.0
Europe
Samsung Electronics (UK) (SEUK) Sale of electronic devices 100.0
Samsung Electronics Holding (SEHG) Holding Company 100.0
Samsung Semiconductor Europe GmbH (SSEG) Sale of semiconductor and LCD 100.0
Samsung Electronics GmbH (SEG) Sale of electronic devices 100.0
Samsung Electronics Iberia (SESA) Sale of electronic devices 100.0
Samsung Electronics France (SEF) Sale and Marketing of electronic devices 100.0
Samsung Electronics Hungarian (SEH) Manufacture and sales of electronic devices 100.0
Samsung Electronics Czech and Slovak (SECZ) Sale of electronic devices 100.0
Samsung Electronics Italia (SEI) Sale of electronic devices 100.0
Samsung Electronics Europe Logistics (SELS) Logistics 100.0
Samsung Electronics Benelux (SEBN) Sale of electronic devices 100.0
Samsung Electronics LCD Slovakia (SELSK) Tall processing of TFT-LCD 100.0
Samsung Electronics Romania (SEROM) Sale of electronic devices 100.0
Samsung Electronics Overseas (SEO) Sale of electronic devices 100.0
Samsung Electronics Polska (SEPOL) Sale of electronic devices 100.0
Samsung Electronics Portuguesa (SEP) Sale of electronic devices 100.0
Samsung Electronics Nordic (SENA) Sale of electronic devices 100.0
Samsung Semiconductor Europe (SSEL) Sale of semiconductor and LCD 100.0
Samsung Electronics Austria (SEAG) Sale of electronic devices 100.0
Samsung Electronics Slovakia (SESK) Manufacture of CTV / monitor 100.0
Samsung Electronics European Holding (SEEH) Holding Company 100.0
Nanogen Recognomics (Nanogen) Medical equipments 60.0
Samsung Electronics Poland Manufacturing (SEPM) Manufacture of home appliances 100.0
Samsung Electronics Greece (SEGR) Sale of electronic devices 100.0
Samsung LCD Netherlands R&D Center (SNRC) R&D 100.0
Samsung LCD Netherlands R&D Center UK (SNRC (UK)) R&D 100.0
1. General Information
These consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards (“Korean IFRS”)
1027, Consolidated and Separate Financial Statements. Samsung Electronics Co., Ltd. (“SEC”), as the controlling company, consolidates its 156
subsidiaries (collectively referred to as “the Company”) including S-LCD and Samsung Electronics America as described in Note 1.
A) SEC was incorporated in 1969 under the laws of the Republic of Korea. SEC listed its shares on the Korean Stock Exchange in 1975.
The Company manufactures, distributes and sells finished products and device solutions. Finished products include digital TVs, air
conditioning systems, refrigerators, home electronics, mobile phones, telecommunication systems, computers and printers. Device
solutions include memory semiconductors, system LSI, display panels for LCD screens and TVs. SEC is domiciled in the Republic of Korea
and the address of its registered office is Suwon, the Republic of Korea.
B) Consolidated subsidiaries
SEC’s consolidated subsidiaries as of December 31, 2011 are as follows :
Area Subsidiaries Industry Percentage of
ownership¹
Domestic
World Cyber Games Cyber game match hosting 94.5
Prosonic Manufacture of medical health equipments 100.0
Samsung Mobile Display Manufacture and sale of TFT-LCD / AMOLED 64.4
High Pioneer Private Investment Trust #1 Technology business venture capital investments 100.0
SU Materials Manufacture of electronic devices 50.0
STECO Manufacture of semiconductor components 51.0
SEMES Manufacture of semiconductor / FPD 85.6
SECRON Semiconductor equipments 78.1
Samsung Electronics Service Repair service for electronic devices 99.3
S-LCD Manufacture and sale of TFT-LCD 50.0
Living Plaza Sale of consumer electronics 100.0
SEHF Korea Optical fiber cable, camera module 100.0
Samsung Electronics Logitech General logistics agency 100.0
Samsung Electronics Football Club Sponsoring of sports team and games 100.0
GES Semiconductor equipments 100.0
Samsung Medison Medical equipments 65.8
Medison Healthcare Medical equipments 100.0
Ray Dental CT 68.1
Samsung Venture Capital Union #6 Technology business venture capital investments 99.0
Samsung Venture Capital Union #7 Technology business venture capital investments 99.0
Samsung Venture Capital Union #14 Technology business venture capital investments 99.0
Samsung Venture Capital Union #20 Technology business venture capital investments 99.0
Samsung Venture Capital Union #21 Technology business venture capital investments 99.0
Samsung Venture Capital Union #22 Technology business venture capital investments 99.0
America
Samsung Electronics America (SEA) Sale of electronic devices 100.0
NexusDX (Nexus) Medical equipments 100.0
Samsung Receivables (SRC) Credit managements 100.0
Samsung Semiconductor (SSI) Sale of electronic devices 100.0
Samsung Electronics Canada (SECA) Sale of electronic devices 100.0
Samsung Information Systems America (SISA) R&D 100.0
Grandis (GRANDIS) Semiconductor R&D 100.0
Samsung Mexicana (SAMEX) Manufacture of electronic devices 100.0
¹ Ownership represents the company’s ownership of the voting right in each entity.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Samsung Electronics Co., Ltd. and its subsidiaries