DOCSLIB.ORG

2015 Business Report for the Year Ended December 31, 2015

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2015 Business Report for the Year Ended December 31, 2015 SAMSUNG ELECTRONICS Co., Ltd. 2015 Business Report For the year ended December 31, 2015 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 2015 Business Report 1 / 226 Table of Contents Certification ..................................................................................................................................................................... 3 I. Corporate Overview ..................................................................................................................................................... 4 II. Businesses Overview ............................................................................................................................................... 22 III. Financial Affairs ........................................................................................................................................................ 62 IV. Auditor’s Report ..................................................................................................................................................... 154 V. Management Discussion and Analysis.................................................................................................................. 156 VI. Corporate Governance .......................................................................................................................................... 164 VII. Information on Shareholders ............................................................................................................................... 175 VIII. Executives and Employees ................................................................................................................................. 181 IX. Affiliates and Subsidiaries .................................................................................................................................... 189 X. Related Party Transactions .................................................................................................................................... 218 XI. Other Information ................................................................................................................................................... 222 Samsung Electronics 2015 Business Report 2 / 226 Certification Letter of Certification We, Oh-Hyun Kwon and Sang-Hoon Lee, as CEO and director of the company in charge of reporting, certify that we have reviewed the annual business report of Samsung Electronics Co., Ltd. for the year ended December 31, 2015. Based on our knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary that would be misleading with respect to the period covered by this report. Based on our knowledge, the financial statements, and other financial information included in the report, fairly present in all materials respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report. We confirm that Samsung Electronics operates an Internal Accounting Management System, responsible for establishing and maintaining disclosure controls and procedures and internal controls over financial reporting, as defined in Article 2.2 and 2.3 of the External Audit Act. We have disclosed our most recent evaluation of internal controls over financial reporting to the Company’s auditors and to the audit committee of the Company’s board of directors. Date: 2016. 4. 29 Samsung Electronics 2015 Business Report 3 / 226 I. Corporate Overview 1. Overview A. Legal, Commercial Name: - Samsung Electronics Co., Ltd. B. Date of Establishment: - Samsung Electronics Co., Ltd. (“SEC”) was established as Samsung Electronics Industry Co., Ltd. on January 13, 1969, and held an initial public offering on June 11, 1975. - SEC changed its name from Samsung Electronics Industry Co., Ltd. to Samsung Electronics Co., Ltd. following a resolution passed at the Annual General Meeting of Shareholders on February 28, 1984. C. Address, Phone Number, and English Language Website of the Corporate Headquarter - Address: 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea - Phone Number: 82-31-200-1114 - Website: http:// www.samsung.com/sec D. The Company is not subject to Article 2 of the Framework Act on Small and Medium Enterprises. E. Core Businesses - The Company (defined below) separately oversees three independent self-determining divisions (each a “Division”), CE (Consumer Electronics), IM (Information Technology & Mobile Communications), and DS (Device Solutions). Products in each Division are presented below: Division Products CE TV, Monitor, Printer, Air Conditioner, Refrigerator, Washing Machine, Medical Devices, etc. IM HHP, Network System, Computer, Digital Camera, etc. DS DRAM, NAND Flash, Mobile AP, LCD panel, OLED panel, LED, etc. The Company is a global electronics company comprised of the headquarters in Korea and 159 subsidiaries (SEC and its subsidiaries collectively, “Samsung Electronics” or the “Company”) across the world including nine (9) regional headquarters for the CE and IM Divisions and five (5) regional headquarters for the DS Division. [CE Division] The CE Division is leading the global digital era by continuously offering new products with innovative technology, unique design, and enhanced value propositions. TV is the core product of CE. The Company has maintained its market leadership position for the past ten (10) consecutive years by leveraging competitive advantages in hardware such as LCD/LED TVs as well as software driven product features within our Smart TV product portfolio. Samsung Electronics 2015 Business Report 4 / 226 [IM Division] The IM Division is at the forefront of mobile lifestyle innovation with consumer-friendly products such as the premium ‘GALAXY’ series, while driving the paradigm shift in the market beyond mobile convergence to focus on software. The IM Division is focused on meeting market demand by enhancing mobile product differentiation through seamless integration of key features from various product categories. The IM Division expects increased convergence of mobile phones, digital media devices and personal computers, cameras and other devices in smartphones and tablets, with both serving as replacements for certain devices. As a result, the IM Division has made, and will continue to make, significant investments in research and development of new technologies, products and services. In addition to handheld phone (“HHP”) products including smartphones, the IM Division is also leading technological development and standardization in the global networks system market including Long Term Evolution (“LTE”). [DS Division] The DS Division is comprised of the semiconductor sub-division and the display panel business. The semiconductor sub-division (“Semiconductor Sub-Division”) is further divided into the memory business and the system LSI business. The Company’s memory business unit (“Memory” or “Memory Business Unit”) manufactures and sells DRAM and NAND products. The Company’s system LSI business unit (“System LSI”) manufactures mobile application processors (“Mobile APs” or “APs”) and customized logic products. The display business (“DP Business Unit”) manufactures and sells display panels (“DP”). The Company is constantly working to increase its influence on end-product manufacturers and create new demand by developing high quality components and through technological breakthroughs, as it has done with high-end 3D TV panels and in memory components like DRAM by increasing capacity by increasing density. The Memory Business Unit produces differentiated products and has maintained the top position in the global memory market by continuously applying the latest advanced process technology ahead of the competition with each technological iteration. The system LSI market is shifting from PCs to mobile devices. Like its sibling, the System LSI business unit is plans to stay at the forefront of this market by offering differentiated products created using the latest advanced process technology and through efficient inventory management. The Company’s TFT-LCD business has been maintaining its position as a leader in the global flat panel display market by developing evermore higher resolution panels that are more energy efficient and by producing these panels more cost efficiently with a higher yield rate. OLED is increasingly and rapidly replacing TFT-LCD in smart phones and other IT devices. The Company is also a market leader in the OLED displays, reaping the benefits of its continued investment and technological breakthroughs. ☞ See 『II. Businesses Overview』, for more details about each Division. Samsung Electronics 2015 Business Report 5 / 226 F.
Load more

Recommended publications
  • KOREA Morning Focus
    December 14, 2017 KOREA Morning Focus Company News & Analysis Major Indices Close Chg Chg (%) Hanwha Corp. (000880/Buy/TP: W56,000) Upgrade rating & Present TP ' KOSPI 2,480.55 19.55 0.79 Earnings to improve on Hanwha E&C s normalization KOSPI 200 326.18 2.11 0.65 KOSDAQ 772.22 11.82 1.55 Sector News & Analysis Turnover ('000 shares, Wbn) Non-ferrous metals (Overweight) Volume Value Impact of Glencore’s zinc production restart KOSPI 251,104 5,028 KOSPI 200 89,459 4,107 KOSDAQ 1,131,049 5,394 Market Cap (Wbn) Value KOSPI 1,613,324 KOSDAQ 274,605 KOSPI Turnover (Wbn) Buy Sell Net Foreign 1,443 1,648 -205 Institutional 1,585 886 698 Retail 1,945 2,461 -515 KOSDAQ Turnover (Wbn) Buy Sell Net Foreign 412 324 88 Institutional 285 192 93 Retail 4,695 4,869 -174 Program Buy / Sell (Wbn) Buy Sell Net KOSPI 1,513 1,206 307 KOSDAQ 206 120 86 Advances & Declines Advances Declines Unchanged KOSPI 566 244 67 KOSDAQ 733 408 100 KOSPI Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value Samsung Electronics 2,566,000 -39,000 570 Hynix 76,800 -1,000 265 KODEX KOSDAQ150 LEVERAGE 17,680 280 191 NCsoft 488,000 22,000 189 KODEX 200 32,670 255 160 KOSDAQ Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value SillaJen 89,100 1,100 319 New Pride 4,850 145 263 Celltrion Healthcare 93,100 6,100 231 TissueGene(Reg.S) 54,100 4,300 225 Celltrion 210,000 4,400 205 Note: As of December 13, 2017 Mirae Asset Daewoo Research Hanwha Corp.
    [Show full text]
  • No 44 Fixed Income Strategies of Insurance Companies and Pension Funds
    Committee on the Global Financial System CGFS Papers No 44 Fixed income strategies of insurance companies and pension funds Report submitted by a Working Group established by the Committee on the Global Financial System This Working Group was chaired by Peter Praet, Member of the European Central Bank’s Executive Board July 2011 JEL Classification: G22, G23, G28, M4 Copies of publications are available from: Bank for International Settlements Communications CH-4002 Basel, Switzerland E-mail: [email protected] Fax: +41 61 280 9100 and +41 61 280 8100 This publication is available on the BIS website (www.bis.org). © Bank for International Settlements 2011. All rights reserved. Brief excerpts may be reproduced or translated provided the source is cited. ISBN 92-9131-880-9 (print) ISBN 92-9197-880-9 (online) Preface In November 2010, the Committee on the Global Financial System (CGFS) established a Working Group to examine how insurance companies and pension funds are being affected by forthcoming accounting and regulatory changes in the current low-interest rate environment, and to investigate possible implications of changes in their investment strategies for the financial system. Over the coming years, accounting and regulatory changes could lead to reallocations of funding across financial instruments and sectors and encourage greater use of derivatives. The changes could also make it more difficult for insurance companies and pension funds to play their traditional role as global providers of long-term risk capital and accelerate the shifting of risks to households. The Working Group was chaired by Peter Praet of the National Bank of Belgium, now a Member of the European Central Bank’s Executive Board.
    [Show full text]
  • Ironshore Inc
    IRONSHORE INC. Editorial Contact: FOR IMMEDIATE RELEASE L. Gaye Torrance TorranceCo New York, New York (212) 691-5810 cell: (862) 215-7631 [email protected] IRONSHORE APPOINTS DENNIS MAHONEY AND ERIC SIMONSON TO SERVE ON ITS BOARD OF DIRECTORS Hamilton, Bermuda, February 2, 2012 – Ironshore Inc. announced that Dennis L. Mahoney and Eric A. Simonson have been appointed to its Board of Directors. Mr. Mahoney is the former Chairman and Chief Executive Officer of Aon Global in London. Mr. Simonson most recently was Senior Vice President and Chief Investment Officer of Allstate Insurance Company and served as Chairman and President of Allstate Investments, LLC, based in Northbrook, Illinois. “We are pleased to welcome Dennis and Ric as the newest directors to join the Ironshore Board,” said Kevin H. Kelley, Chief Executive Officer of Ironshore Inc. “Both are seasoned insurance industry leaders that will bring a depth of experience and wealth of insight to Ironshore as it builds upon its growing global platform.” Mr. Mahoney is a forty-two year veteran of the broking industry and past President of the Insurance Institute of London. During his years with Aon and its predecessor company, he served in a number of senior leadership roles in retail, wholesale and reinsurance. Prior to his retirement from Aon in 2010, Mr. Mahoney served as Chairman of Aon Global. He also serves as a Director of ACORD the global insurance standards organization. Mr. Simonson’s thirty-five year insurance industry career includes his most recent position as executive and member of the Allstate Corporation’s senior management team at the company’s U.S.- based headquarters.
    [Show full text]
  • NP Key Contacts.Pdf
    IGP Network Partners: Key Contacts Region: Americas Country / Territory IGP Network Partner IGP Contact Email Type IGP Regional Coordinator Mr. Michael Spincemaille [email protected] Argentina SMG LIFE Mr. Nicolas Passet [email protected] Partner Brazil MAPFRE Vida S.A. Ms. Débora Nunes Santos [email protected] Partner Canada Manulife Financial Corporation Mr. Kajan Ramanathan [email protected] Partner Chile MAPFRE Chile Ms. Nathalie Gonzalez [email protected] Partner Colombia MAPFRE Colombia Ms. Ingrid Olarte Pérez [email protected] Partner Costa Rica MAPFRE Costa Rica Mr. Armando Sevilla [email protected] Partner Dominican Republic (Life) MAPFRE BHD Mrs. Alejandra Quirico [email protected] Partner Dominican Republic (Health) MAPFRE Salud ARS, S. A. Mr. Christian Wazar [email protected] Partner Ecuador MAPFRE Atlas * Mr. Carlos Zambrano [email protected] Correspondent El Salvador MAPFRE Seguros El Salvador S.A. Mr. Daniel Acosta González [email protected] Partner French Guiana Refer to France - - Partner Guadeloupe Refer to France - - Partner Guatemala MAPFRE Guatemala Mr. Luis Pedro Chavarría [email protected] Partner Honduras MAPFRE Honduras Mr. Carlos Ordoñez [email protected] Partner Martinique Refer to France - - Partner Mexico Seguros Monterrey New York Life Ms. Paola De Uriarte [email protected] Partner Nicaragua MAPFRE Nicaragua Mr. Dany Lanuza Flores [email protected] Partner Panama MAPFRE Panama Mr. Manuel Rodriguez [email protected] Partner Paraguay MAPFRE Paraguay Mr. Sergio Alvarenga [email protected] Partner Peru MAPFRE Peru Mr. Ramón Acuña Huerta [email protected] Partner Saint Martin Refer to France - - Partner Saint Barthélemy Refer to France - - Partner Saint Pierre & Miquelon Refer to France - - Partner United States Prudential Insurance Company of America Mr.
    [Show full text]
  • STOXX Asia 100 Last Updated: 03.07.2017
    STOXX Asia 100 Last Updated: 03.07.2017 Rank Rank (PREVIOU ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) S) KR7005930003 6771720 005930.KS KR002D Samsung Electronics Co Ltd KR KRW Y 256.2 1 1 JP3633400001 6900643 7203.T 690064 Toyota Motor Corp. JP JPY Y 128.5 2 2 TW0002330008 6889106 2330.TW TW001Q TSMC TW TWD Y 113.6 3 3 JP3902900004 6335171 8306.T 659668 Mitsubishi UFJ Financial Group JP JPY Y 83.5 4 4 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 77.2 5 5 JP3436100006 6770620 9984.T 677062 Softbank Group Corp. JP JPY Y 61.7 6 7 JP3735400008 6641373 9432.T 664137 Nippon Telegraph & Telephone C JP JPY Y 58.7 7 8 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 58.2 8 6 TW0002317005 6438564 2317.TW TW002R Hon Hai Precision Industry Co TW TWD Y 52.6 9 12 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 52.0 10 10 JP3890350006 6563024 8316.T 656302 Sumitomo Mitsui Financial Grou JP JPY Y 48.3 11 15 INE040A01026 B5Q3JZ5 HDBK.BO IN00CH HDFC Bank Ltd IN INR Y 45.4 12 13 JP3854600008 6435145 7267.T 643514 Honda Motor Co. Ltd. JP JPY Y 43.3 13 14 JP3435000009 6821506 6758.T 682150 Sony Corp. JP JPY Y 42.3 14 17 JP3496400007 6248990 9433.T 624899 KDDI Corp. JP JPY Y 42.2 15 16 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 41.1 16 19 JP3885780001 6591014 8411.T 625024 Mizuho Financial Group Inc.
    [Show full text]
  • Samsung Electronics Co., Ltd. and Its Subsidiaries NOTES to INTERIM
    Samsung Electronics Co., Ltd. and its Subsidiaries NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS 1. General Information 1.1 Company Overview Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea in 1969 and listed its shares on the Korea Stock Exchange in 1975. SEC and its subsidiaries (collectively referred to as the “Company”) operate four business divisions: Consumer Electronics (“CE”), Information technology & Mobile communications (“IM”), Device Solutions (“DS”) and Harman. The CE division includes digital TVs, monitors, air conditioners and refrigerators and the IM division includes mobile phones, communication systems, and computers. The DS division includes products such as Memory, Foundry and System LSI in the semiconductor business (“Semiconductor”), and LCD and OLED panels in the display business (“DP”). The Harman division includes connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company is domiciled in the Republic of Korea and the address of its registered office is Suwon, the Republic of Korea. These interim consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards (“Korean IFRS”) 1110, Consolidated Financial Statements. SEC, as the controlling company, consolidates its 256 subsidiaries including Samsung Display and Samsung Electronics America. The Company also applies the equity method of accounting for its 41 associates, including Samsung Electro-Mechanics.
    [Show full text]
  • 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.
    [Show full text]
  • Samsung C&T Corporation and Subsidiaries
    Samsung C&T Corporation and Subsidiaries Consolidated Interim Financial Statements September 30, 2017 and 2016 Samsung C&T Corporation and Subsidiaries Index September 30, 2017 and 2016 Pages Report on Review of Interim Financial Statements ………………………............................... 1 - 5 Consolidated Interim Financial Statements Consolidated Interim Statements of Financial Position …………………………………………….. 6 - 8 Consolidated Interim Statements of Comprehensive Income....................................................... 9 - 10 Consolidated Interim Statements of Changes in Equity..............................…………................... 11 - 12 Consolidated Interim Statements of Cash Flows…………………………………………………….. 13 - 14 Notes to the Consolidated Interim Financial Statements....................................……....……....... 15 - 102 Report on Review of Interim Financial Statements (English Translation of a Report Originally Issued in Korean) To the Shareholders and Board of Directors of Samsung C&T Corporation Reviewed Financial Statements We have reviewed the accompanying consolidated interim financial statements of Samsung C&T Corporation (the Company) and its subsidiaries (collectively referred to as the “Group”). These financial statements consist of the consolidated interim statement of financial position of the Group as at September 30, 2017, and the related consolidated interim statements of comprehensive income for the three-month and nine-months periods ended September 30, 2017 and 2016, and consolidated interim statements of changes in equity
    [Show full text]
  • 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
    [Show full text]
  • Samsung Electronics Co., Ltd. and Its Subsidiaries NOTES
    Samsung Electronics Co., Ltd. and its Subsidiaries NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS 1. General Information 1.1 Company Overview Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea in 1969 and listed its shares on the Korea Stock Exchange in 1975. SEC and its subsidiaries (collectively referred to as the “Company”) operate four business divisions: Consumer Electronics (“CE”), Information technology & Mobile communications (“IM”), Device Solutions (“DS”) and Harman. The CE division includes digital TVs, monitors, air conditioners and refrigerators and the IM division includes mobile phones, communication systems, and computers. The DS division includes products such as Memory, Foundry and System LSI in the semiconductor business (“Semiconductor”), and LCD and OLED panels in the display business (“DP”). The Harman division includes connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company is domiciled in the Republic of Korea and the address of its registered office is Suwon, the Republic of Korea. These interim consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards (“Korean IFRS”) 1110, Consolidated Financial Statements. SEC, as the controlling company, consolidates its 252 subsidiaries including Samsung Display and Samsung Electronics America. The Company also applies the equity method of accounting for its 46 associates and joint ventures, including
    [Show full text]
  • THE NEXT PHASE the NEXT PHASE Samsung Annual Report 2003
    Samsung Annual Report 2003 THE NEXT PHASE THE NEXT PHASE Samsung Annual Report 2003 THE NEXT PHASE MOTIVATION To understand where we’re going, it helps to take a look at what’s driving us there. 9 COLLABORATION Successful companies no longer always go it alone. 23 EXPECTATION Customers are all about expectations. 35 DEMONSTRATION It is important to demonstrate that our standards, values and goals are indeed real. 44 COMPUTATION 61 All Samsung products and services mentioned in this publication are the property of Samsung. ORGANIZATION Published by Samsung in coordination with Cheil Communications Inc. The power of Samsung as a brand is tied Printed by Samsung Moonwha Printing Co., Seoul, Korea to the strength of its organizations. Written by Denis Jakuc 65 Principal Photography by Ashton Worthington Created by The Corporate Agenda: www.corporateagenda.com TEN YEARS AGO, Samsung launched its New Management initiative, with the ultimate goal of becoming one of the world’s premier companies. 1993 June Samsung adopts New Management initiative 1994 1995 1996 February January January January July Chairman Kun-Hee Lee holds Japanese headquarters opens Samsung opens headquarters Samsung Electronics begins Samsung Everland opens Carribean electronics products comparison in USA, Europe and China mass production of 64Mb DRAMs Bay, world’s first indoor and outdoor and evaluation conference July water park in Los Angeles, California, USA Samsung Corporation is the February March first Korean company to reach Samsung Electronics completes Samsung Electronics
    [Show full text]
  • Interim Business Report for the Quarter Ended September 30, 2014
    SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report For the quarter ended September 30, 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. Samsung Electronics 2014 Interim Business Report 1 / 152 Table of Contents Certification ........................................................................................................................................................................... 3 I. Corporate Overview .................................................................................................................................................... 4 II. Businesses Overview ................................................................................................................................................ 20 III. Management Discussion and Analysis ...................................................................................................................
    [Show full text]