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071070
2014 Samsung Electronics Annual Report2014 Samsung Electronics Annual Report
(2) Investments in joint ventures (In millions of Korean won)
Investee 2014
Acquisition cost Net asset value of equity shares1Book value
Samsung Corning Advanced Glass ₩215,000 ₩196,015 ₩195,930
Other 527,204 100,948 66,845
Total ₩742,204 ₩296,963 ₩262,775
(In millions of Korean won)
Investee 2013
Acquisition cost Net asset value of equity shares1Book value
Samsung Corning Advanced Glass ₩115,000 ₩111,961 ₩111,961
Other 422,995 (16,357)9,368
Total ₩537,995 ₩95,604 ₩121,329
1 Group’s portion of net asset value of joint ventures is based on the Group’s ownership percentage.
(D) Details of the valuations of investments in associates and joint ventures under the equity method for the years ended December 31, 2014 and 2013, are as follows:
(In millions of Korean won)
Investee 2014
Balance as at
January 1
Gain/loss on valuation Other comprehensive
income/loss
Other1Balance as at
December 31
Samsung Card ₩2,340,009 ₩189,533 ₩(145,141)₩(30,375)₩2,354,026
Samsung Electro-Mechanics 954,496 114,013 (14,834) (13,271)1,040,404
Samsung SDI21,175,204 11,636 32,795 (1,219,635)-
Samsung SDS 879,956 95,160 (18,971) (4,369)951,776
Samsung Techwin3402,745 (4,094)19,502 (418,153)-
Samsung Corning Advanced Glass 111,961 (14,937) (986)99,892 195,930
Other 557,921 (48,795) (1,297)182,496 690,325
Total ₩6,422,292 ₩342,516 ₩(128,932)₩(1,403,415)₩5,232,461
1 Other consists of acquisitions, disposals, dividends, effects of changes in foreign exchange rates and reclassifications.
2 During the year ended December 31, 2014, the Group’s ownership interest in Samsung SDI decreased. Consequently, the investment was reclassified to available-for-sale financial assets.
3 During the year ended December 31, 2014, the Group’s investment in Samsung Techwin met the asset held-for-sale classification criterion and was reclassified accordingly.
(In millions of Korean won)
Investee 2013
Balance as at
January 1
Gain/loss on valuation Other comprehensive
income/loss
Other1Balance as at
December 31
Samsung Card ₩2,238,073 ₩102,361 ₩29,828 ₩(30,253) ₩2,340,009
Samsung Electro-Mechanics 890,460 75,565 6,354 (17,883)954,496
Samsung SDI 1,174,183 25,760 (10,310) (14,429)1,175,204
Samsung SDS 701,808 69,739 (17,838)126,247 879,956
Samsung Techwin 360,739 39,554 9,021 (6,569)402,745
Samsung Corning Precision Materials22,794,617 347,981 (1,247) (3,141,351)-
Samsung Corning Advanced Glass 114,274 (2,302) (11)-111,961
Other 511,335 (154,595)4,959 196,222 557,921
Total ₩8,785,489 ₩504,063 ₩20,756 ₩(2,888,016)₩6,422,292
1 Other consists of acquisitions, disposals, dividends, and effects of changes in foreign exchange rates.
2 During the year ended December 31, 2013, the Group signed a framework agreement for comprehensive business cooperation with Corning Incorporated.
During the year ended December 31, 2014, the Group completed disposal of all shares of Samsung Corning Precision Materials held by the Group.