Annual Report 2013
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UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
QuickLinks -- Click here to rapidly navigate through this document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2006 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-09553 CBS CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 04-2949533 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 51 W. 52nd Street New York, NY 10019 (212) 975-4321 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act: Name of Each Exchange on Title of Each Class Which Registered Class A Common Stock, $0.001 par value New York Stock Exchange Class B Common Stock, $0.001 par value New York Stock Exchange 7.625% Senior Debentures due 2016 American Stock Exchange 7.25% Senior Notes due 2051 New York Stock Exchange Securities Registered Pursuant to Section 12(g) of the Act: None (Title of Class) Indicate by check mark if the registrant is a well-known seasoned issuer (as defined in Rule 405 of the Securities Act of 1933). Yes ☒ No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934. -
2014 Business Report for the Year Ended December 31, 2014
SAMSUNG ELECTRONICS Co., Ltd. 2014 Business Report For the year ended December 31, 2014 Note about forward-looking statements Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our financial reports available on our website. See, also, 『1. Note on Forward-Looking Statements』 in 『V. Management Discussion and Analysis』. Samsung Electronics 2014 Business Report 1 / 170 Table of Contents Certification ................................................................................................................................................................................ 3 I. Corporate Overview ............................................................................................................................................................... 4 II. Businesses Overview ......................................................................................................................................................... 20 -
Rewind: 2012 in Review
the REPORT Issue 308 | 19 December 2012 Contents: PAGE 2: Artists versus digital services » PAGE 3: Fans as the fulcrum » PAGE 4: Labels in 2012 » PAGE 5: Tech giants » PAGE 6: New services » PAGES 7 – 9: Rewind: 2012 In Review Startups » PAGE 10: Digital marketing » PAGE 11: Social music » PAGE 12: Measurements » PAGE 13: Piracy battles » PAGES 14 & 15: Country profiles » REWIND: 2012 IN REVIEW the REPORT | 19 December 2012 | Page 2 Artists versus digital services It’s become a cliché in recent be portrayed as a greedy Goliath itself by digital ecosystem. prominent songwriters. High-profile albums years to suggest that the were withheld from There were many negative aspects to these streaming services, connection between artists debates in 2012, with name-calling, willful often to the barely- and fans is the fulcrum of misunderstanding and a concerning lack concealed frustration of transparency making for an unhealthy the music industry, with of their labels. mixture. everyone else a middleman Yet artists were Yet a more positive take on 2012 would be to pushing the who needs to justify their mark the importance of having artists and boundaries too, position in the value chain. songwriters take a more prominent role in the seeking new models. debates around new digital music business Usually it’s labels fielding the most criticism Whether it’s Cazzette models. under that line of argument, but in 2012 the launching their career spotlight turned to the current generation of As FAC co-CEO Crispin Hunt noted in Music on Spotify, DJ Shadow streaming music services, with Spotify and Ally’s end-of-year debate: “As the digital releasing a BitTorrent Pandora taking the brunt of the attacks. -
SAMSUNG ELECTRONICS Co., Ltd. 2017 Business Report for the Year Ended December 31, 2017
SAMSUNG ELECTRONICS Co., Ltd. 2017 Business Report For the year ended December 31, 2017 Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our financial reports available on our website. See, also, 『Note on Forward-Looking Statements』 in preamble of 『II. Business Overview』. Samsung Electronics 2017 Business Report 1 / 271 Table of Contents Certification ................................................................................................................................................................................ 3 I. Corporate Overview ............................................................................................................................................................... 4 II. Businesses Overview ......................................................................................................................................................... 29 III. Financial Affairs ................................................................................................................................................................ -
Propping and Pyramids in Family Business Groups: Evidence from Korean Chaebols
Propping and Pyramids in Family Business Groups: Evidence from Korean Chaebols Myung Sub, Choi Master of Business (Research) in Finance, Queensland University of Technology Bachelor of Business in Finance, Queensland University of Technology Submitted in fulfilment of the requirements for the degree of Doctor of Philosophy School of Economics and Finance Faculty of Business Queensland University of Technology Brisbane, Australia 2018 Keywords • Business Groups • Family Business Groups • Chaebol • Related Party Transactions • Related Party Sales • Resource Allocation • Propping • Tunneling • Internal Capital Market • Ownership Structure • Pyramid • Cross-shareholdings • 2008 Financial Crisis • Korea i Abbreviations GFC Global Financial Crisis KFTC Korea Fair Trade Commission KIS Korea Investor Service KOSDAQ Korea Securities Dealers Automated Quotation KOSPI Korea Composite Stock Price Index KSE Korea Stock Exchange RPP Related Party Purchases RPS Related Party Sales RPT Related Party Transactions ii Abstract The design of my thesis is inspired by Riyanto and Toolsema (2008) who argue that in response to a negative an economic shock, propping occurs through related party transactions in which the controlling family transfers resources from higher-level firms to lower-level firms in the pyramidal business group. Using the universe of Korean chaebol firms with available data during the period 2006-2011, I study the mechanism of propping in chaebol groups by investigating related party sales following the 2008 financial crisis, and its effects on the performance and investment of chaebol firms. I find Korean chaebols are able to use intra-group transactions to mitigate the negative effects of the crisis. Using a discrete classification of firms into four pyramidal layers, the controlling chaebol family uses related party sales to prop up firms in the third layer in the period following the crisis, perhaps at the expense of central firms. -
2010 SAMSUNG ELECTRONICS ANNUAL REPORT 2010 SAMSUNG ELECTRONICS2010 SAMSUNG ANNUAL REPORT 2010 Financial Summary Samsung Electronics and Consolidated Subsidiaries
2010 SAMSUNG ELECTRONICS ANNUAL REPORT 2010 SAMSUNG ELECTRONICS ANNUAL REPORT 2010 SAMSUNG ELECTRONICS 2010 Financial Summary Samsung Electronics and Consolidated Subsidiaries SALES AND OPERATING PROFIT CASH FLOWS (in billions of KRW) (in billions of KRW) Sales Cash Flows from Operating Activities Operating Profit Cash Flows from Investing Activities 23,827 154,630 18,522 136,324 121,294 13,360 6,032 10,925 17,297 (13,128) (14,177) (23,985) 20082009 2010 2008 2009 2010 (in billions of KRW) 2010 Samsung Electronics Financial and Strategic Highlights Income Statements 2008 2009 2010 - Achieved sales of KRW 155 trillion and operating profit of KRW 17 trillion, increases of 13% in sales and 58% in operating profit over 2009 Sales 121,294 136,324 154,630 - Demonstrated continuous increases in sales, operating profit and net income growth ratios Operating Profit 6,032 10,925 17,297 - Maintained sound financial structure with 50.3% liability ratio, 66.5% capital adequacy ratio and 18.0% return on equity ratio on a Net Income 5,526 9,761 16,147 consolidated basis - Recorded KRW 949,000 stock price as of the end of 2010, a 19% increase over 2009 Balance Sheets - Paid KRW 10,000 per share, a 25% increase over 2009, and elevated the interim dividend to KRW 5,000 Assets 105,301 112,180 134,289 - Estimated global brand value at USD 19.5 billion, up 11% over 2009. Currently ranked 19th among the top 100 global brands in the Liabilities 42,377 39,135 44,940 2010 BusinessWeek and Interbrand survey Shareholders’ Equity 62,924 73,045 89,349 Cash Flows Cash Flows from Operating Activities 13,360 18,522 23,827 Cash Flows from Investing Activities (13,128) (14,177) (23,985) Cash Flows from Financing Activities 1,934 (1,364) (152) This annual report includes forward-looking statements that relate to future events and can be generally identified by phrases containing words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar meaning. -
2012 SAMSUNG ELECTRONICS ANNUAL REPORT Worldreginfo - 0E88cf4b-9298-4866-988B-9299Fe79ba42 2012 Financial Summary
2012 SAMSUNG ELECTRONICS ANNUAL REPORT WorldReginfo - 0e88cf4b-9298-4866-988b-9299fe79ba42 2012 Financial Summary Samsung Electronics and Consolidated Subsidiaries 37,973 201,104 23,827 22,918 165,002 154,630 29,049 2010 2011 2012 17,297 15,644 (21,113) (23,985) 2010 2011 2012 (31,322) Sales And Operating Profit (in billions of KRW) Cash Flows (in billions of KRW) Sales Cash Flows from Operating Activities Operating Profit Cash Flows from Investing Activities DISCOVERY Income Statements 2010 2011 2012 INNOVATION Sales 154,630 165,002 201,104 Operating Profit 17,297 15,644 29,049 Net Income 16,147 13,759 23,845 POSSIBILITY Balance Sheets Assets 134,289 155,800 181,072 Liabilities 44,940 54,487 59,591 Shareholders’ Equity 89,349 101,314 121,480 In a world of amazing imagination, Cash Flows our reality is filled with possibilities. Cash Flows from Operating Activities 23,827 22,918 37,973 Cash Flows from Investing Activities (23,985) (21,113) (31,322) On the path where no one ventures, Cash Flows from Financing Activities (152) 3,110 (1,865) Samsung Electronics is striding (in billions of KRW) toward new goals. Discover with This annual report includes forward-looking statements that relate to future events and can be generally us the happiness of new lives, identified by phrases containing words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar meaning. These forward-looking statements are not powered by creativity. Our constant guarantees of future performance and may involve known and unknown risks, uncertainties and other innovation and desire for positive factors that may affect our actual results, performance, achievements or financial position, making them materially different from the actual future results, performance, achievements or financial position change brings surprising possibilities expressed or implied by these forward-looking statements. -
2012 SAMSUNG ELECTRONICS ANNUAL REPORT 2012 Financial Summary
2012 SAMSUNG ELECTRONICS ANNUAL REPORT 2012 Financial Summary Samsung Electronics and Consolidated Subsidiaries 37,973 201,104 23,827 22,918 165,002 154,630 29,049 2010 2011 2012 17,297 15,644 (21,113) (23,985) 2010 2011 2012 (31,322) Sales And Operating Profit (in billions of KRW) Cash Flows (in billions of KRW) Sales Cash Flows from Operating Activities Operating Profit Cash Flows from Investing Activities DISCOVERY Income Statements 2010 2011 2012 INNOVATION Sales 154,630 165,002 201,104 Operating Profit 17,297 15,644 29,049 Net Income 16,147 13,759 23,845 POSSIBILITY Balance Sheets Assets 134,289 155,800 181,072 Liabilities 44,940 54,487 59,591 Shareholders’ Equity 89,349 101,314 121,480 In a world of amazing imagination, Cash Flows our reality is filled with possibilities. Cash Flows from Operating Activities 23,827 22,918 37,973 Cash Flows from Investing Activities (23,985) (21,113) (31,322) On the path where no one ventures, Cash Flows from Financing Activities (152) 3,110 (1,865) Samsung Electronics is striding (in billions of KRW) toward new goals. Discover with This annual report includes forward-looking statements that relate to future events and can be generally us the happiness of new lives, identified by phrases containing words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar meaning. These forward-looking statements are not powered by creativity. Our constant guarantees of future performance and may involve known and unknown risks, uncertainties and other innovation and desire for positive factors that may affect our actual results, performance, achievements or financial position, making them materially different from the actual future results, performance, achievements or financial position change brings surprising possibilities expressed or implied by these forward-looking statements. -
Developing Stage Theory: an Industrial Management Approach to Validate an Organizational Life Cycle Developmen
Developing Stage Theory: An Industrial Management approach to validate an Organizational Life Cycle Developing Theory By Anika Viljoen Thesis presented in partial fulfilment of the requirements for the degree of Masters of Engineering Management at the University of Stellenbosch Supervisors: Prof CSL Schutte and W Bam March 2016 University of Stellenbosch Department of Industrial Engineering Stellenbosch University https://scholar.sun.ac.za Life Cycle Developing Stage Theory Page I Declaration By submitting this thesis electronically, I declare that the entirety of the work contained therein is my own, original work, that I am the sole author thereof (save to the extent explicitly otherwise stated), that reproduction and publication thereof by Stellenbosch University will not infringe any third party rights and that I have not previously in its entirety or in part submitted it for obtaining any qualification. March 2016 Anika Viljoen Copyright © 2016 Stellenbosch University All rights reserved University of Stellenbosch Department of Industrial Engineering Stellenbosch University https://scholar.sun.ac.za Life Cycle Developing Stage Theory Page II Abstract Kenneth Boulding (1950) developed the first concept of an organizational life cycle model in 1950 (Ionescu and Negrusa, 2007). Ever since, discussions of this concept have developed within many disciplines, including management, education, sociology, psychology and marketing. Some organizational experts are of opinion that no organization progresses through a discrete set of development growth stages, while others have modernized Boulding’s (1950) original life cycle model to accommodate the growth changes seen in organizations today (Penrose, 1959). Marc van der Erve (2013), an organizational philosopher and expert, developed a stage theory which focuses on the growth of natural organizations (Van der Erve, 2013). -
Company Vendor ID (Decimal Format) (AVL) Ditest Fahrzeugdiagnose Gmbh 4621 @Pos.Com 3765 0XF8 Limited 10737 1MORE INC
Vendor ID Company (Decimal Format) (AVL) DiTEST Fahrzeugdiagnose GmbH 4621 @pos.com 3765 0XF8 Limited 10737 1MORE INC. 12048 360fly, Inc. 11161 3C TEK CORP. 9397 3D Imaging & Simulations Corp. (3DISC) 11190 3D Systems Corporation 10632 3DRUDDER 11770 3eYamaichi Electronics Co., Ltd. 8709 3M Cogent, Inc. 7717 3M Scott 8463 3T B.V. 11721 4iiii Innovations Inc. 10009 4Links Limited 10728 4MOD Technology 10244 64seconds, Inc. 12215 77 Elektronika Kft. 11175 89 North, Inc. 12070 Shenzhen 8Bitdo Tech Co., Ltd. 11720 90meter Solutions, Inc. 12086 A‐FOUR TECH CO., LTD. 2522 A‐One Co., Ltd. 10116 A‐Tec Subsystem, Inc. 2164 A‐VEKT K.K. 11459 A. Eberle GmbH & Co. KG 6910 a.tron3d GmbH 9965 A&T Corporation 11849 Aaronia AG 12146 abatec group AG 10371 ABB India Limited 11250 ABILITY ENTERPRISE CO., LTD. 5145 Abionic SA 12412 AbleNet Inc. 8262 Ableton AG 10626 ABOV Semiconductor Co., Ltd. 6697 Absolute USA 10972 AcBel Polytech Inc. 12335 Access Network Technology Limited 10568 ACCUCOMM, INC. 10219 Accumetrics Associates, Inc. 10392 Accusys, Inc. 5055 Ace Karaoke Corp. 8799 ACELLA 8758 Acer, Inc. 1282 Aces Electronics Co., Ltd. 7347 Aclima Inc. 10273 ACON, Advanced‐Connectek, Inc. 1314 Acoustic Arc Technology Holding Limited 12353 ACR Braendli & Voegeli AG 11152 Acromag Inc. 9855 Acroname Inc. 9471 Action Industries (M) SDN BHD 11715 Action Star Technology Co., Ltd. 2101 Actions Microelectronics Co., Ltd. 7649 Actions Semiconductor Co., Ltd. 4310 Active Mind Technology 10505 Qorvo, Inc 11744 Activision 5168 Acute Technology Inc. 10876 Adam Tech 5437 Adapt‐IP Company 10990 Adaptertek Technology Co., Ltd. 11329 ADATA Technology Co., Ltd. -
Samsung Group
Samsung Corning Precision Materials Samsung Engineering & Construction Samsung Life Insurance Samsung SDS Samsung C&T Corporation Samsung Trading & Investment Samsung Group Samsung Engineering Samsung Fire & Marine Insurance Samsung Electronics Samsung Heavy Industries Samsung Electro-Mechanics Samsung SDI Samsung Digital Imaging Samsung Mobile Display 2019 50th Anniversary Samsung Electronics Samsung Electronics History Samsung Electronics History Samsung Electronics History Samsung Electronics History Samsung Electronics History Samsung Electronics History Samsung Electronics History No 6 in Interbrand rating No 1 in the smartphone display market Exynos 7 nm processors and 5G modem Samsung Electronics in the world 74 Countries 309 630 people Russia Samsung Digital City Human resources 35 000 R&D investment – 8% of annual sales revenue 9,000 umbrellas provided during rain 92 different menus on food courts Samsung Research Russia Established in 1993 Algorithm Research Media Processing Applied Intelligence Deep System Optics Business Development Samsung AI Center - Moscow Established in May 2018 Computer Vision Telepresence AI Core Multimodal Platform Data Analytics Global AI Market Worldwide Trends WELLNESS AS STATUS AUTHENTICITY SECURITY SYMBOL KEY • AI in electronic KEY • Devices to help in KEY • Smart Home POINTS accessorizes POINTS training POINTS security (headphones with • Solutions for non- voice recognition, • Self driving cars standard pulse/activity, mood • People worry security • “Get rid of consumers • Life balance & emotions -
1H12 Business Report
1H12 Business Report I. Corporate Overview □ Affiliates As of end-1H 2012, Samsung Group had a total of 84 domestic affiliates. Compared to end-2011, 8 new affiliates (Colombo Korea, Saengbo real estate investment company #1, Idea Company Prog, Samsung Bioepis, Samsung Display, Top Cloud Corporation, Samsung Corning Advanced Glass, LLC., Nuri Solution) were added and two (Samsung LED, Medison Healthcare) were excluded. Among Samsung Group’s 84 affiliates, 17 including Samsung Electronics are listed, and 67 are unlisted. (As of June 30, 2012) No. of affiliates Name of affiliates Samsung C&T, Cheil Industries, Samsung Electronics, Samsung SDI, Samsung Techwin, Samsung Life Insurance, SEMCO, Samsung Heavy Industries, Samsung Card, Hotel Listed 17 Shilla, Samsung Fire & Marine Insurance, Samsung Securities, S1, Samsung Fine Chemicals, Samsung Engineering, Cheil Worldwide, Credu, Samsung Everland, Samsung Petrochemical, Samsung SDS, Samsung General Chemicals, Samsung Total Petrochemicals, Samsung Lions, SERI, STECO, Samsung Thales, SEMES, Living Plaza, Samsung Corning Precision Materials, Samsung SNS, Samsung Electronics Service, Samsung Electronics Logitech, SECRON, Hantok Chemicals, Global Tech, CVnet Corporation, Care Camp, e Samsung International, Allat Corp., SECUI.com, Wealthia.com, Open Tide Korea, Samsung Futures, 365Homecare, Samsung Venture Investment Corporation, Samsung Asset Management, Saengbo, Samsung Claim Unlisted 67 Adjustment Service, Anycar Service, World Cyber Games, S-LCD Corporation, SD Flex, SEHF Korea, Gemi Plus Distribution, SB LiMotive, Samsung Bluewings, Samsung Mobile Display, HTSS, Bonavie, RAY, Songdo Land Mark City, S-Core, GES, S1 CRM, EXE C&T, Open Hands, S- EnPol, Samsung Medison, Samsung Biologics, Miracom Inc., Samsung Life Service, Prosonic, SMP, STM, SSLM, SU Materials, Colombo Korea, Idea Company Prog, Samsung Display, Samsung Bioepis, Saengbo real estate investment company #1, Top Cloud Corporation, Nuri Solution, Samsung Corning Advanced Glass Total 84 ☞ Refer to 『□ Affiliates』 in 『III.