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LPL » Topics » 9. Deferred Income Tax Assets

This excerpt taken from the LPL 6-K filed Aug 14, 2006.

9. Deferred Income Tax Assets

Deferred income tax assets as of June 30, 2006 and December 31, 2005, consist of the following:

 

(in millions of Korean won)    2006     2005  

Inventories

    (Won) 29,936     (Won) 8,570  

Other current assets

      6,637       (4,133 )

Property, plant and equipment

      39,559       34,762  

Tax credit carryforward

      396,114       292,976  

Deferred income taxes added to shareholders’ equity

      (29,098 )     (4,631 )

Deficit carryforward

      99,940       —    

Others

      7,491       21,108  
                
     550,579       348,652  

Allowance for deferred income tax assets

      (107,636 )     —    
                
   (Won) 442,943     (Won) 348,652  
                

The Company will not realize all benefits of the loss carryforwards and tax credits recorded. Accordingly, a valuation allowance amounting to (Won)107,636 million has been provided as of June 30, 2006.

 

See Report of Independent Accountants

 

39

LG. Philips LCD Co., Ltd. and Subsidiaries

Notes to Consolidated Financial Statements

June 30, 2006 and 2005, and December 31, 2005

(Unaudited)

 

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