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46 47
2013 SAMSUNG ELECTRONICS ANNUAL REPORT
Area Subsidiaries Industry Percentage of
ownership (*)
America
Samsung Electronics America (SEA) Sale of electronic devices 100.0
NexusDX (Nexus) Medical equipment 100.0
Samsung Receivables (SRC) Credit management 100.0
NeuroLogica Medical equipment 100.0
Samsung Semiconductor (SSI) Sale of semiconductor/LCD 100.0
Samsung Electronics Canada (SECA) Sale of electronic devices 100.0
Samsung Information Systems America (SISA) R&D 100.0
Grandis R&D 100.0
Samsung Mexicana (SAMEX) Manufacture of electronic devices 100.0
Samsung International (SII) Manufacture of CTV/monitors 100.0
Samsung Telecommunications America (STA) Sale of communication equipment 100.0
Samsung Austin Semiconductor (SAS) Manufacture of semiconductor 100.0
Samsung Electronics Mexico (SEM) Sale of electronic devices 99.9
SEMES America (SEMESA) Semiconductor equipment 100.0
Samsung Electronics Digital Appliance Mexico (SEDAM) Manufacture of electronic devices 99.9
Samsung Electronics Latinoamerica Miami (SEMI) Sale of electronic devices 100.0
Nvelo Software 100.0
Samsung Electronics Latinoamerica (SELA) Sale of electronic devices 100.0
Samsung Electronics Venezuela (SEVEN) Marketing and services 100.0
Samsung Electronica Colombia (SAMCOL) Sale of electronic devices 100.0
Samsung Electronics Panama (SEPA) Consulting 100.0
Samsung Electronica da Amazonia (SEDA) Manufacture and sale 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 Electronics Peru (SEPR) Sale of electronic devices 100.0
(*) Ownership represents the Company’s ownership of the voting rights in each entity.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Samsung Electronics Co., Ltd. and Subsidiaries
1. General Information
1.1 Company Overview
Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea in 1969 and listed its shares on the Korea Stock Exchange in 1975.
SEC and its subsidiaries (collectively referred to as the “Company”) operate three business divisions: Consumer Electronics (“CE”), Information technology
& Mobile communications (“IM”), and Device Solution (“DS”). The CE division includes digital TVs, monitors, printers, air conditioners and refrigerators and
the IM division includes mobile phones, communication system, and computers. The DS division includes products such as memory and system LSI in the
semiconductor business (“Semiconductor”), and LCD and OLED panels in the display business (“DP”). The Company is domiciled in the Republic of Korea and
the address of its registered ofce is Suwon, the Republic of Korea.
These consolidated nancial statements have been prepared in accordance with Korean International Financial Reporting Standards (“K-IFRS”) 1110,
Consolidated Financial Statements. SEC, as the controlling Company, consolidates its 153 subsidiaries including Samsung Display and Samsung Electronics
America. The Company also applies the equity method of accounting to its 36 afliates, including Samsung SDI.
1.2 Consolidated Subsidiaries
(A) The consolidated subsidiaries as of December 31, 2013 are as follows:
Area Subsidiaries Industry Percentage of
ownership (*)
Domestic
World Cyber Games Cyber game match hosting 99.9
High Pioneer Private Investment Trust #1 Technology business venture capital investments 100.0
Samsung Display (SDC) Manufacture and sale of display panels 84.8
SU Materials Manufacture of LCD components 50.0
STECO Manufacture of semiconductor components 51.0
SEMES Manufacture of semiconductor/FPD 91.3
Samsung Electronics Service Repair services for electronic devices 99.3
Samsung Electronics Sales Sale of electronic devices 100.0
Samsung Electronics Logitech General logistics agency 100.0
Samsung Electronics Football Club Sponsoring of sports team and games 100.0
Samsung Medison Medical equipment 68.5
Ray Dental CT 68.1
Samsung Venture Capital Union #6 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
Samsung Venture Capital Union #23 Technology business venture capital investments 99.0
(*) Ownership represents the Company’s ownership of the voting rights in each entity.