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047046
2014 Samsung Electronics Annual Report2014 Samsung Electronics Annual Report
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Samsung Electronics Co., Ltd. and its 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 “Group”) operate three business divisions: Consumer Electronics (“CE”), Information technology & Mobile communica-
tions (“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 systems, 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”). SEC is domiciled in the Republic of Korea and the address of its registered office is Suwon, the Republic of Korea.
These consolidated financial statements have been prepared in accordance with the Korean International Financial Reporting Standards (“Korean IFRS”) 1110, Consolidated
Financial Statements. SEC, as the controlling company, consolidates its 158 subsidiaries, including Samsung Display and Samsung Electronics America (Note 1.2). The Group
also applies the equity method of accounting to its 37 affiliates, including Samsung Electro-Mechanics.
1.2 Consolidated Subsidiaries
(A) The consolidated subsidiaries as at December 31, 2014 are as follows:
Area Subsidiaries Industry Percentage of
ownership1
Domestic 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 91.5
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 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
Samsung Venture Capital Union #26 Technology business, Venture capital investments 99.0
Samsung Venture Capital Union #27 Technology business, Venture capital investments 99.0
1 Ownership represents the Group’s ownership of voting rights in each entity.