Samsung 2011 Annual Report Download - page 38

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70
71
A) Korean Won denominated debentures as of December 31, 2011 and 2010, consist of the following :
(In millions of Korean Won)
Issue Date Due Date
Annual Interest
Rates (%) as of
December 31, 2011
2011 2010
Unsecured debentures 2006. 12. 1 2011. 12. 1 - - 100,000
Unsecured debentures 2010. 6. 17 2013. 6. 17 4. 70 500,000 500,000
Unsecured debentures 2011. 11. 17 2014. 11. 17 4. 08 500,000 -
Unsecured debentures 2011. 11. 17 2016. 11. 17 4. 23 200,000 -
Total ￦ 1,200,000 ￦ 600,000
Less : Current portion Discounts -
(2,921)
(100,000)
-
Total 1,197,079 500,000
Samsung Mobile Display, one of the SEC’s domestic subsidiaries issued Korean Won denominated debentures as above table.
B) Debentures denominated in foreign currencies as of December 31, 2011 and 2010, consist of the following :
(In millions of Korean Won)
Issue Date Due Date
Annual Interest
Rates (%) as of
December 31, 2011
2011 2010
US dollar denominated straight bonds 1997.10.2 2027.10.1 7.70 ￦92,264 (US$ 80M) ￦96,807 (US$ 85M)
92,264 96,807
Less : Current portion Discounts (5,536)
(3,683)
(5,459)
(4,010)
Total ￦83,045 ￦87,338
US dollar straight bonds will be repaid annually for twenty years after a ten-year grace period from the date of issuance. Interests will be paid semi-annually.
C) Maturities of debentures outstanding as of December 31, 2011 are as follows :
(In millions of Korean Won)
Debentures
For the Years Ending December 31
2012 ￦5,767
2013 505,767
2014 505,767
2015 5,767
Thereafter 269,196
Total ￦1,292,264
15. Retirement Benefit Obligation
A) Defined benefit liability recognized on the statements of finance position as of December 31, 2011 and 2010, is as follows :
(In millions of Korean Won)
2011 2010
Present value of funded defined benefit obligation ￦ 3,271,629 ￦2,293,468
Present value of unfunded defined benefit 258,711 355,164
Subtotal 3,530,340 2,648,632
Unrecognized actuarial gains or losses (688,702) (253,097)
Fair value of plan assets (2,423,152) (1,797,706)
￦ 418,486 ￦ 597,829
B) The amounts recognized on the income statements for the years ended December 31, 2011 and 2010, are as follows :
(In millions of Korean Won)
2011 2010
Current service cost ￦508,958 ￦421,343
Interest cost 160,605 148,506
Expected return on plan assets (93,672) (76,983)
Actuarial gains and losses 8,202 (2,158)
The effect of any settlement or curtailment 9,607 13,754
￦593,700 ￦504,462
C) The pension expenses related to defined-benefit plans recognized in the statement of income for the years ended December 31, 2011 and 2010,
are allocated to the following accounts :
(In millions of Korean Won)
2011 2010
Cost of sales ￦247,908 ￦191,690
Selling, general and administrative expenses 129,436 139,584
Research and development expenses 216,356 173,188
￦593,700 ￦504,462
D) Changes in the carrying amount of defined benefit obligations for the years ended December 31, 2011 and 2010, are as follows :
(In millions of Korean Won)
2011 2010
Balance at the beginning of the year ￦2,648,632 ￦2,372,950
Foreign exchange 18,591 15,416
Current service cost 508,958 421,343
Interest cost 160,605 148,506
Actuarial gains and losses 468,775 251,936
Benefits paid (256,261) (555,084)
Others (18,960) (6,435)
Balance at the end of the year ￦3,530,340 ￦2,648,632