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Interim Consolidated Financial Statements Of INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF SAMSUNG ELECTRONICS CO., LTD. AND ITS SUBSIDIARIES INDEX TO FINANCIAL STATEMENTS Page Report on Review of Interim Financial Statements.................................................. 1 - 2 Interim Consolidated Financial Statements Interim Consolidated Statements of Financial Position................................................. 3 - 5 Interim Consolidated Statements of Profit or Loss........................................................ 6 Interim Consolidated Statements of Comprehensive Income........................................ 7 Interim Consolidated Statements of Changes in Equity................................................. 8 - 11 Interim Consolidated Statements of Cash Flows............................................................ 12 - 13 Notes to the Interim Consolidated Financial Statements................................................ 14 - 71 Report on Review of Interim Financial Statements (English Translation of a Report Originally Issued in Korean) To the Board of Directors and Shareholders of Samsung Electronics Co., Ltd. Reviewed Financial Statements We have reviewed the accompanying interim consolidated financial statements of Samsung Electronics Co., Ltd. and its subsidiaries (collectively referred to as the “Company”). These interim consolidated financial statements consist of the interim consolidated statements of financial position of the Company as at September 30, 2017, and the related interim consolidated statements of profit or loss and comprehensive income for the three-month and nine-month periods ended September 30, 2017 and 2016, and the interim consolidated statements of changes in equity and cash flows for the nine-month periods ended September 30, 2017 and 2016, and a summary of significant accounting policies and other explanatory notes, expressed in Korean Won. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these interim consolidated financial statements in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (“Korean IFRS”) 1034, Interim Financial Reporting, and for such internal control as management determines is necessary to enable the preparation of interim consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to issue a report on these interim consolidated financial statements based on our review. We conducted our review in accordance with the quarterly or semi-annual review standards established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 1 Conclusion Based on our review, nothing has come to our attention that causes us to believe the accompanying interim consolidated financial statements are not presented fairly, in all material respects, in accordance with the Korean IFRS 1034, Interim Financial Reporting. Other Matters We have audited the consolidated statement of financial position of the Company as at December 31, 2016, and the related consolidated statements of profit or loss, comprehensive income, changes in equity and cash flows for the year then ended, in accordance with Korean Standards on Auditing. We expressed an unqualified opinion on those financial statements, not presented herein, in our audit report dated February 27, 2017. The consolidated statement of financial position as at December 31, 2016, presented herein for comparative purposes, is consistent, in all material respects, with the above audited consolidated statement of financial position as at December 31, 2016. Review standards and their application in practice vary among countries. The procedures and practices used in the Republic of Korea to review such financial statements may differ from those generally accepted and applied in other countries. November 14, 2017 Seoul, Korea This report is effective as at November 14, 2017, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying interim consolidated financial statements and notes thereto. Accordingly, the readers of the review report should understand that there is a possibility that the above review report may have to be revised to reflect the impact of such subsequent events or circumstances, if any. 2 Samsung Electronics Co., Ltd. and its subsidiaries INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In millions of Korean won, in thousands of US dollars (Note 2.3)) September 30, December 31, September 30, December 31, Notes 2017 2016 2017 2016 KRW KRW USD USD Assets Current assets Cash and cash equivalents 3 30,788,226 32,111,442 27,038,823 28,200,897 Short-term financial instruments 3 41,280,668 52,432,411 36,253,491 46,047,170 Short-term available-for-sale financial 3 3,964,250 3,638,460 3,481,482 3,195,367 assets Trade receivables 3 30,351,245 24,279,211 26,655,058 21,322,479 Non-trade receivables 3 3,551,281 3,521,197 3,118,805 3,092,384 Advance payments 1,960,054 1,439,938 1,721,358 1,264,582 Prepaid expenses 4,155,405 3,502,083 3,649,358 3,075,598 Inventories 5 27,032,501 18,353,503 23,740,472 16,118,406 Other current assets 3 1,318,309 1,315,653 1,157,763 1,155,432 Assets held-for-sale 28 920,398 835,806 808,312 734,021 Total current assets 145,322,337 141,429,704 127,624,922 124,206,336 Non-current assets Long-term available-for-sale financial 3, 4 8,066,146 6,804,276 7,083,847 5,975,648 assets Investment in associates and joint 6 5,914,258 5,837,884 5,194,017 5,126,944 ventures Property, plant and equipment 7 109,006,091 91,473,041 95,731,284 80,333,416 Intangible assets 8 15,376,169 5,344,020 13,503,653 4,693,223 Long-term prepaid expenses 3,381,655 3,834,831 2,969,836 3,367,824 Net defined benefit assets 11 120,688 557,091 105,991 489,248 Deferred income tax assets 5,026,790 5,321,450 4,414,625 4,673,402 Other non-current assets 3 4,364,445 1,572,027 3,832,941 1,380,584 Total assets 296,578,579 262,174,324 260,461,116 230,246,625 The above interim consolidated statements of financial position should be read in conjunction with the accompanying notes. 3 Samsung Electronics Co., Ltd. and its subsidiaries INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In millions of Korean won, in thousands of US dollars (Note 2.3)) September 30, December 31, September 30, December 31, Notes 2017 2016 2017 2016 KRW KRW USD USD Liabilities and Equity Current liabilities Trade payables 3 11,367,405 6,485,039 9,983,078 5,695,288 Short-term borrowings 3, 9 15,329,338 12,746,789 13,462,525 11,194,480 Other payables 3 13,755,728 11,525,910 12,080,550 10,122,280 Advances received 1,360,407 1,358,878 1,194,736 1,193,393 Withholdings 3 680,210 685,028 597,374 601,605 Accrued expenses 3 9,983,738 12,527,300 8,767,914 11,001,720 Income tax payable 5,446,061 2,837,353 4,782,837 2,491,819 Current portion of long-term liabilities 3, 9, 10 17,659 1,232,817 15,508 1,082,684 Provisions 12 7,386,454 4,597,417 6,486,929 4,037,542 Other current liabilities 3 401,522 351,176 352,624 308,409 Liabilities held-for-sale 28 444,063 356,388 389,985 312,987 Total current liabilities 66,172,585 54,704,095 58,114,060 48,042,207 Non-current liabilities Debentures 3, 10 1,015,061 58,542 891,446 51,413 Long-term borrowings 3, 9 2,199,998 1,244,238 1,932,081 1,092,714 Long-term other payables 3 1,999,578 3,317,054 1,756,069 2,913,102 Net defined benefit liabilities 11 594,158 173,656 521,801 152,508 Deferred income tax liabilities 10,353,456 7,293,514 9,092,608 6,405,307 Provisions 12 635,329 358,126 557,958 314,513 Other non-current liabilities 3 2,917,163 2,062,066 2,561,910 1,810,947 Total liabilities 85,887,328 69,211,291 75,427,933 60,782,711 The above interim consolidated statements of financial position should be read in conjunction with the accompanying notes. 4 Samsung Electronics Co., Ltd. and its subsidiaries INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In millions of Korean won, in thousands of US dollars (Note 2.3)) September 30, December 31, September 30, December 31, Notes 2017 2016 2017 2016 KRW KRW USD USD Equity attributable to owners of the parent Preference shares 14 119,467 119,467 104,918 104,918 Ordinary shares 14 778,047 778,047 683,296 683,296 Share premium 4,403,893 4,403,893 3,867,585 3,867,585 Retained earnings 15 206,773,005 193,086,317 181,592,102 169,572,185 Other components of equity 16 (8,525,520) (11,934,586) (7,487,278) (10,481,186) Accumulated other comprehensive income 28 (44,482) (28,810) (39,065) (25,302) attributable to assets held-for-sale 203,504,410 186,424,328 178,721,558 163,721,496 Non-controlling interests 7,186,841 6,538,705 6,311,625 5,742,418 Total equity 210,691,251 192,963,033 185,033,183 169,463,914 Total liabilities and equity 296,578,579 262,174,324 260,461,116 230,246,625 The above interim consolidated statements of financial position should be read in conjunction with the accompanying notes.
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