Leading With Passion and Imagination: CEO Message 2011 Financial Statements
Leading With Passion and Imagination: CEO Message 2011 Financial Statements
Leading With Passion and Imagination: CEO Message 2011 Financial Statements
www.samsungengineering.com 500 Samsung GEC, Samgil-dong, Gangdong-gu, Seoul, 134-090, Korea Tel. +82-2-2053-3000
CEO Message
We are a force with no boundaries, rising above client expectations while creating a visionary future.
CEO Message
We must enhance our global operation and upgrade our management system. Our headquarters should be able to handle large-scale projects, while our international branch offices deliver the smaller and medium-sized projects. We will work towards closer collaborations between the head office and our global offices using the strength of our integrated management system. We will increase employee capabilities and skills and solidify a strong organizational culture. To this end, more core job groups will be added and the pool of functional experts will be broadened. This will be supported by an organization culture rooted with a challenging spirit as we create and pursue future value for our clients.
Ki-Seok Park
President & CEO
Assets I. Current assets II. Non-current assets Total assets Liabilities I. Current liabilities II. Non-current liabilities Total liabilities Equity attributable to owners of the Parent I. Capital stock II. Consolidated surplus III. Retained earnings IV. Other reserve Non-controlling interest Total equity Total liabilities and equity
I. Revenues
8,062,242 7,126,914 935,328 398,621 290,068 204,851 621,924 31 55,410 81,668 595,697 149,566 446,131
4,606,140 3,903,483 702,657 331,023 163,061 177,240 357,455 60,153 19,599 398,009 106,133 291,876
I. Cash flow from operating activities 1. Cash generated from operations 2. Interest received 3. Interest paid 4. Dividends received 5. Income tax paid Net cash generated from operating activities II. Cash flows from investing activities 1. Proceeds from disposal of property, plant and equipment 2. Proceeds from disposal of intangible assets 3. Decrease of deposits 4. Net increase of current financial assets 5. Collection of current portion of held-to-maturity financial assets 6. Proceeds from disposal of available-for-sale financial assets
3,604,287 894,642 4,498,929 3,160,359 199,788 3,360,147 173,415 49,098 1,177,798 (229,203) (32,326) 1,138,782 4,498,929
II. Cost of sales III. Gross profits 1. Administrative expenses 2. Other operating income
3. Other operating expenses IV. Operating profit 1. Share of profit of associates 2. Finance income
1,222 341 30,562 53,549 1,170 49 (1,127) (548) (262) (297) (147,250) (8,114) (40,268) (110,973)
3. Finance costs V. Profit before income tax Income tax expense VI. Profit for the year VII. Profit attributable to 1. Owners of the parent 2. Non-controlling interests
445,036 1,095
294,195 (2,319)
7. Decrease of other non-current assets 8. Acquisition of available-for-sale financial assets 9. Proceeds from subsidiary
These financial statements serve as a general overview, which were audited by Pricewaterhouse Coopers. Based on Korean GAAP, these financial statements include companies with over 10 billion KRW in assets as of the end of last year, which can differ from the companys performance written in this book. For details, please go to our website or check the electronic public announcement online. Financial Supervisory Services electronic public announcement system - http://dart.fss.or.kr
10. Acquisition of held-to-maturity financial assets 11. Acquisition of shares of associates 12. Acquisition of property, plant and equipment 13. Acquisition of intangible assets 14. Increase of deposits 15. Increase of other non-current assets Net cash used in investing activities III. Cash flows from financing activities 1. Proceeds from exercise of share options 2. Acquisition of subsidiary 3. Net decrease from borrowings 4. Dividends paid 5. Acquisition of treasury stock Net cash used in financing activities IV. Changes on cash and cash equivalents due to translating currency V. Net (decrease) / increase in cash and cash equivalents VI. Beginning of the year VII. Exchange gains(losses) on cash and cash equivalents VIII. End of the year
VIII. Earnings per share 1. Basic earnings per share 2. Diluted earnings per share 12.05 12.04 7.83 7.82