economic performance
- management results
- net sales
- capital structure
- employee welfare
- contribution to the national economy and global communities
capital structure
SAMSUNG Electronics balances its capital and liability and hits the record more than 7trillion won net profit over the last 3 years and finally reserves 37trillion won of profit surplus.
SAMSUNG Electronics has included its affiliated banking company, SAMSUNG Card and SAMSUNG Capital under the amendment of relevant law and its implementing ordinances as of outside audit since 2000.
However, SAMSUNG Electronics aims to produce, sell, give a service and manage our electronic products such as semiconductor, Telecommunication, home appliance under the articles of incorporation. We need a reflected amount by equity law as of accurate financial status like capital composition by considering an annual performance of its affiliate banking company - SAMSUNG Card & SAMSUNG Capital.
Over the last 3 years we did not increase the capital but some of it are up due to conversion of convertible bond that issued in the past to stock.
Considering its profit with financial affiliate’s loan, it shows an increasing tendency over the last 3 years thanks to escalation of affiliated banking company’s loan. In case of applying the equity law to the affiliated banking company, more than 2 trillion won is decreased.
As much as 713.9billion won comes to common stockholders and 114.7billion won to preferred stockholders, totally 834billion won-worth shares are paid. Plus, SAMSUNG Electronics never delayed common and preferred stocks to provide. Interest of payment has decreased continuously thanks to a reduction of loan, and interest receipts are bigger than interest of payment in 2005.
Profit surplus steadily rise recording more than 7trillion won net profit over the last 3 years, and now reaches as much as 37trillion won by the late 2005.
| classification | 2003 | 2004 | 2005 | |
|---|---|---|---|---|
| capital | 895 | 898 | 898 | |
| loan - connection | 23,466 | 17,655 | 16,432 | |
| loan - banking institution - equity | 5,755 | 5,101 | 6,112 | |
| dividend | preferred stock | 118 | 210 | 115 |
| common stock | 769 | 1,353 | 719 | |
| payment interest | 215 | 170 | 218 | |
| profit surplus | 24,416 | 30,577 | 37,369 | |
affiliated banking company reflection of equity law financial statement
- statement of profit and loss
unit : a billion won section 2003 2004 2005 sales 59,682 78,904 78,234 cost of sales 41,039 52,020 54,590 selling and general administrative 10,762 13,415 14,693 operating profit 7,881 13,469 8,951 non-operating revenues 2,679 2,974 2,978 non-operating expenses 3,456 2,984 2,893 extraordinary gains and loses - - - pre-tax profit 7,104 13,459 9,036 corporation tax 1,119 2,631 1,437 foreign stockholder's equity -23 -39 41 net income for controlling interest 5,962 10,789 7,640 - balance sheet
unit : a billion won section 2003 2004 2005 current assets 22,632 25,126 26,365 fixed assets 25,715 29,627 35,886 total assets 48,347 54,753 62,251 current liability 17,547 17,791 18,168 fixed liability 1,060 1,221 3,154 total liability 18,607 19,012 21,322 capital 895 898 898 total capital 29,740 35,741 40,929
financial statement of affiliated banking company
- statement of profit and loss
unit : a billion won section 2003 2004 2005 sales 64,817 81,963 80,629 cost of sales 42,252 52,953 55,251 selling and general administrative 16,269 17,249 17,802 operating profit 6,296 11,761 7,576 non-operating revenues 2,302 2,888 3,019 non-operating expenses 2,169 2,273 2,470 extraordinary gains and loses - - - pre-tax profit 6,429 12,376 8,125 corporation tax 1,076 2,207 1,218 foreign stockholder's equity 609 620 733 net income for controlling interest 5,962 10,789 7,640 - balance sheet
unit : a billion won section 2003 2004 2005 current assets 35,555 31,992 33,399 fixed assets 32,487 37,013 41,063 total assets 68,042 69,005 74,462 current liability 28,021 26,107 24,908 fixed liability 9,861 6,497 7,946 total liability 37,882 32,604 32,854 capital 895 898 898 total capital 30,160 36,401 41,608
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