Samsung 2012 Annual Report Download - page 51

Deferred income tax assets and liabilities resulting from the tax eect of temporary dierences including available tax credit carryforwards and undisposed accumulated
decit as of December 31, 2011, are as follows:
(In millions of Korean won
Temporary Dierences Deferred Income Tax Asset (Liabilities)
Beginning
Balance
Increase
(Decrease)
Ending
Balance
Beginning
Balance
Increase
(Decrease)
Ending
Balance
Deferred tax arising from temporary
dierences
Special reserves appropriated for tax purposes ￦(18,146) ￦-￦(18,146) ￦(3,992) ￦(399) ￦(4,391)
Revaluation of land (3,984,173) (33,143) (4,017,316) (876,518) (95,673) (972,191)
Subsidiaries, associates
and interests in joint ventures (14,160,207) 709,670 (13,450,537) (2,109,299) (922,969) (3,032,268)
Depreciation 130,396 (103,421) 26,975 (9,325) (42,993) (52,318)
Capitalized interest expense (39,867) (655) (40,522) (8,810) (996) (9,806)
Accrued income (144,621) 51,668 (92,953) (34,930) 13,593 (21,337)
Provisions, accrued expenses and others 3,742,343 3,402,088 7,144,431 926,713 879,801 1,806,514
Foreign currency translation (23,022) 173,930 150,908 (6,568) 42,050 35,482
Impairment losses on investments 45,420 7,481 52,901 9,994 943 10,937
Others 1,970,813 (1,191,187) 779,626 565,168 (276,951) 288,217
￦(12,481,064) ￦3,016,431 ￦(9,464,633) ￦(1,547,567) ￦(403,594) ￦(1,951,161)
Deferred tax assets arising from carryforwards
Undisposed accumulated decit ￦40,822 ￦59,579 ￦100,401 ￦4,362 ￦22,599 ￦26,961
Tax credit carryforwards 1,581,825 (69,773) 1,512,052 1,420,436 75,311 1,495,747
Deferred items recognized in other
comprehensive income
Valuation of available-for-sale nancial
instruments ￦(2,274,471) ￦957,608 ￦(1,316,863) ￦(424,121) ￦106,069 ￦(318,052)
Actuarial valuation 304,586 508,928 813,514 72,435 123,714 196,149
Total ￦(1,969,885) ￦1,466,536 ￦(503,349) ￦(351,686) ￦229,783 ￦(121,903)
Deferred tax assets ￦1,783,086
Deferred tax liabilities (2,333,442)
Total ￦(550,356)
The Company periodically assesses its ability to recover deferred income tax assets. In the event of a signicant uncertainty regarding the Company's ultimate ability to
recover such assets, deferred income tax assets are recognized only to the extent that it is probable that future taxable prot will be available against which the temporary
dierences can be utilized.
Temporary dierences whose deferred tax eects were not recognized due to the uncertainty regarding ultimate realizability of such assets as of December 31, 2012 and
2011 are as follows:
(In millions of Korean won
2012 2011
Undisposed accumulated decit ￦-￦144,108
Tax credit carryforwards ￦48,262 ￦159,160
Expiry date of unused tax losses and unused tax credits for which no deferred tax asset is recognized in the balance sheet are as follows:
(In millions of Korean won)
2013 2014 2015 2016 and after
Tax credit carryforwards ￦1,103 ￦3,455 ￦22,313 ￦21,391
(D) The amount of income tax relating to each component of other
comprehensive income is as follows:
(In millions of Korean won
2012 2011
Valuation of available-for-sale
nancial assets ￦(580,092) ￦(340,760)
Foreign currency translation
adjustment - 22,708
Actuarial valuation 349,833 196,149
Total ￦(230,259) ￦(121,903)
(E) The liquidity analysis of deferred tax assets and deferred tax liabilities is
as follows:
(In millions of Korean won)
2012 2011
Current ￦1,898,481 ￦2,869,404
Non-current (2,811,868) (3,419,760)
Total ￦(913,387) ￦(550,356)
30. Earnings per Share
Basic earnings per share for the years ended December 31, 2012 and 2011, are
calculated as follows:
(In millions of Korean won, except for share amounts)
2012 2011
Net income as reported on the
statements of income ￦23,185,375 ￦13,382,645
Net income available for common
stock 20,130,020 11,613,300
Weighted-average number of
common shares outstanding
(in thousands)
130,698 130,152
Basic earnings per share
(in Korean won) ￦154,020 ￦89,229
(In millions of Korean won, except for share amounts)
2012 2011
Net income as reported on the
statements of income ￦23,185,375 ￦13,382,645
Net income available for preferred
stock 3,055,355 1,769,345
Weighted-average number of
preferred shares outstanding
(in thousands)
19,854 19,854
Basic earnings per preferred share
(in Korean won) ￦153,893 ￦89,119
9998
Diluted earnings per share is calculated by adjusting the weighted average
number of ordinary shares outstanding to assume conversion of all dilutive
potential ordinary shares. The Company has one category of dilutive potential
ordinary shares: Stock options. A calculation is done to determine the number
of shares that could have been acquired at fair value (determined as the average
annual market share price of the Company’s shares) based on the monetary value
of the subscription rights attached to outstanding share options. The number of
shares calculated as above is compared with the number of shares that would
have been issued assuming the exercise of the share options.
Diluted earnings per share for the years ended December 31, 2012 and 2011 are
calculated as follows:
(In millions of Korean won, except for share amounts)
2012 2011
Net income available for common
stock and common equivalent
shares
￦20,131,405 ￦11,614,952
Weighted-average number of shares
of common stock and common
shares equivalent (in thousands)
130,766 130,292
Diluted earnings per share
(in Korean won) ￦153,950 ￦89,146
(In millions of Korean won, except for share amounts)
2012 2011
Net income available for preferred
stock and preferred equivalent
shares
￦3,053,970 ￦1,767,693
Weighted-average number of shares
of preferred stock and preferred
shares equivalent (in thousands)
19,854 19,854
Diluted earnings per preferred share
(in Korean won) ￦153,823 ￦89,036