LG 2003 Annual Report Download - page 97

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LG Electronics Inc._Annual Report 2003 97
Notes to Non-Consolidated Financial Statements
For the years ended December 31, 2003 and 2002
the weighted-average number of common shares and diluted securities outstanding during the period. Diluted
ordinary income per share is computed by dividing diluted ordinary income allocated to common stock, which is
diluted net income allocated to common stock as adjusted by extraordinary gains or losses, net of related income
taxes, by the weighted-average number of common shares and diluted securities outstanding during the period.
Diluted earnings per share for the year ended December 31, 2003 is calculated as follows:
(in Korean Won)
2003
Net income allocated to common stock ￦589,334,461,241
Add: Interest expense on convertible bonds, net of tax (*) 2,128,886,613
591,463,347,854
Weighted-average number of common shares and diluted securities outstanding 141,272,019
Diluted earnings per share and ordinary income per share ￦4,187
(*) This is computed based on the effective tax rate of 20.79% (Note 22).
Diluted ordinary income per share for the year ended December 31, 2003 is the same as diluted earnings per
share, because there were no extraordinary gains or losses.
The diluted securities outstanding as of December 31, 2003 are as follows:
Number of shares of Conversion
Diluted security Face value Conversion period common stock to be issued price
Foreign currency denominated ￦339,796 million September 12, 2003 4,887,500 shares ￦68,900
convertible bonds, issued in 2003 (US$287.5 million) through July 28, 2006 per share
24. Dividends
Details of dividends declared for the year ended December 31, 2003 and for the nine-month period from April 1,
2002 (spin-off date) to December 31, 2002 are as follows:
(in Korean Won)
2003 2002
Dividend ratio(%) Dividend amount Dividend ratio(%) Dividend amount
Common stock 25.0% ￦174,264,137,500 20.0% ￦139,390,290,000
Preferred stock 26.0% 22,335,708,200 21.0% 18,040,379,700
￦196,599,845,700 ￦157,430,669,700