LG Display (LPL)

Derivatives for cash flow hedge

During the nine-month periods ended September 30, 2007 and 2008, 203 and 127 foreign currency forward contracts were designated as cash flow hedges, respectively. During the nine-month periods ended September 30, 2007 and 2008, these cash flow hedges were fully effective and changes in the fair value of the derivatives of (Won)7,472 million and (Won)(81,103) million, respectively, were recorded in other comprehensive income. The deferred loss of (Won)58,800 million, net of tax, for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the six-month periods ended June 30, 2007 and 2008, 182 and 138 foreign currency forward contracts were designated as cash flow hedges, respectively. During the six-month periods ended June 30, 2007 and 2008, these cash flow hedges were fully effective and changes in the fair value of the derivatives of (Won)4,498 million and (Won)(44,889) million, respectively, were recorded in other comprehensive income. The deferred loss of (Won)32,545 million, net of tax, for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the three-month periods ended March 31, 2007 and 2008, 274 and 109 foreign currency forward contracts were designated as cash flow hedges, respectively. During the three-month periods ended March 31, 2007 and 2008, these cash flow hedges were fully effective and changes in the fair value of the derivatives of (Won)(3,022) million and (Won)(3,326) million, respectively, were recorded in other comprehensive income. The deferred loss of (Won)(3,326) million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the years ended December 31, 2005, 2006 and 2007, 301, 475 and 279 foreign currency forward contracts were designated as cash flow hedges, respectively. During the years ended December 31, 2005, 2006 and 2007, these cash flow hedges were fully effective and changes in the fair value of the derivatives of (Won)13,334 million, (Won)18,911 million and (Won) (1,609) million, were recorded in other comprehensive income. The deferred loss of (Won)(1,609) million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the nine month periods ended September 30, 2006 and 2007, 407 and 203 foreign currency forward contracts were designated as cash flow hedges, respectively. During the nine month periods ended September 30, 2006 and 2007, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)34,491 million and (Won)7,472 million, were recorded in other comprehensive income. The deferred gains of (Won)7,472 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the six month periods ended June 30, 2006 and 2007, 415 and 182 foreign currency forward contracts were designated as cash flow hedges, respectively. During the six month periods ended June 30, 2006 and 2007, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)72,627 million and (Won)4,498 million, were recorded in other comprehensive income. The deferred gains of (Won)4,498 million for derivatives designated as cash flow hedges are expected to be reclassified into losses within the next twelve months.

Derivatives for cash flow hedge

During the three month periods ended March 31, 2006 and 2007, 395 and 274 foreign currency forward contracts were designated as cash flow hedges, respectively. During the three month periods ended March 31, 2006 and 2007, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)67,897 million and (Won)(3,022) million, were recorded in other comprehensive income. The deferred losses of (Won)3,022 million for derivatives designated as cash flow hedges are expected to be reclassified into losses within the next twelve months.

Derivatives for cash flow hedge

During the years ended December 31, 2004, 2005 and 2006, 13, 301 and 475 foreign currency forward contracts were designated as cash flow hedges, respectively. During the years ended December 31, 2004, 2005 and 2006, these cash flow hedges were fully effective and changes in the fair value of the derivatives of (Won)55,287 million, (Won)13,334 million and (Won)18,911 million, were recorded in other comprehensive income. The deferred gains of (Won)18,911 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

F-17

Table of Contents

LG. Philips LCD Co., Ltd.

Notes to Consolidated Financial Statements—(Continued)

December 31, 2004, 2005 and 2006

Derivatives for cash flow hedge

During the years ended December 31, 2003, 2004 and 2005, 5, 13 and 301 foreign currency forward contracts were designated as cash flow hedges, respectively. During the years ended December 31, 2003, 2004 and 2005, these cash flow hedges were fully effective and changes in the fair value of the derivatives of (Won)4,352 million, (Won)55,287 million and (Won)13,334 million, were recorded in other comprehensive income. The deferred gains of (Won)13,334 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the nine month periods ended September 30, 2005 and 2006, 339 and 407 foreign currency forward contracts were designated as cash flow hedges, respectively. During the nine month periods ended September 30, 2005 and 2006, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)(25,294) million and (Won)34,491 million, were recorded in other comprehensive income. The deferred gains of (Won)34,491 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

6

Table of Contents

LG. Philips LCD Co., Ltd.

Derivatives for cash flow hedge

During the six month periods ended June 30, 2005 and 2006, 361 and 415 foreign currency forward contracts were designated as cash flow hedges, respectively. During the six month periods ended June 30, 2005 and 2006, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)1,220 million and (Won)72,627 million, were recorded in other comprehensive income. The deferred gains of (Won)72,627 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

See Report of Independent Accountants

48

LG. Philips LCD Co., Ltd.

Derivatives for cash flow hedge

During the years ended December 31, 2003, 2004 and 2005, 5, 13 and 301 foreign currency forward contracts were designated as cash flow hedges, respectively. During the years ended December 31, 2003, 2004 and 2005, these cash flow hedges were fully effective and changes in the fair value of the derivatives of (Won)4,352 million, (Won)55,287 million and (Won)13,334 million, were recorded in other comprehensive income. The deferred gains of (Won)13,334 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the three month periods ended March 31, 2005 and 2006, 163 and 395 foreign currency forward contracts were designated as cash flow hedges, respectively. During the three month periods ended March 31, 2005 and 2006, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)46,234 million and (Won)67,897 million, were recorded in other comprehensive income. The deferred gains of (Won)67,897 million for derivatives designated as cash flow hedges are expected to be reclassified into losses within the next twelve months.

Derivatives for cash flow hedge

During the years ended December 31, 2003, 2004 and 2005, 5, 13 and 301 foreign currency forward contracts were designated as cash flow hedges, respectively. During the years ended December 31, 2003, 2004 and 2005, these cash flow hedges were fully effective and changes in the fair value of the derivatives of (Won)4,352 million, (Won)55,287 million and (Won)13,334 million, were recorded in other comprehensive income. The deferred gains of (Won)13,334 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the nine month periods ended September 30, 2004 and 2005, two and three hundred thirty-nine foreign currency forward contracts were designated as cash flow hedges, respectively. During the nine month periods ended September 30, 2004 and 2005, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)4,167 million and (Won)(25,294) million, were recorded in other comprehensive income. The deferred losses of (Won)25,294 million for derivatives designated as cash flow hedges are expected to be reclassified into losses within the next twelve months.

Derivatives for cash flow hedge

During the six month periods ended June 30, 2004 and 2005, five and three hundred sixty-one foreign currency forward contracts were designated as cash flow hedges, respectively. During the six month periods ended June 30, 2004 and 2005, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)17,788 million and (Won)1,220 million, were recorded in other comprehensive income. The deferred gains of (Won)1,220 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the six month periods ended June 30, 2004 and 2005, five and three hundred sixty-one foreign currency forward contracts were designated as cash flow hedges, respectively. During the six month periods ended June 30, 2004 and 2005, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)17,788 million and (Won)1,220 million, were recorded in other comprehensive income. The deferred gains of (Won)1,220 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the three month periods ended March 31, 2004 and 2005, five and one hundred sixty-three foreign currency forward contracts were designated as cash flow hedges, respectively. During the three month periods ended March 31, 2004 and 2005, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)33,980 million and (Won)46,234 million, were recorded in other comprehensive income. The deferred gains of (Won)46,234 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the year ended December 31, 2002, there were no derivatives designated as cash flow hedges, and during the years ended December 31, 2003 and 2004, five and thirteen foreign currency forward contracts were designated as cash flow hedges, respectively. During the years ended December 31, 2003 and 2004, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)4,352 million and (Won)55,287 million, were recorded in other comprehensive income. The deferred gains of (Won)55,287 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the year ended December 31, 2002, there were no derivatives designated as cash flow hedges, and during the years ended December 31, 2003 and 2004, five and thirteen foreign currency forward contracts were designated as cash flow hedges, respectively. During the years ended December 31, 2003 and 2004, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)4,352 million and (Won)55,287 million, were recorded in other comprehensive income. The deferred gains of (Won)55,287 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.

Derivatives for cash flow hedge

During the year ended December 31, 2002, there were no derivatives designated as cash flow hedges, and during the years ended December 31, 2003 and 2004, five and thirteen foreign currency forward contracts were designated as cash flow hedges, respectively. During the years ended December 31, 2003 and 2004, these cash flow hedges were fully effective and changes in the fair value of the derivatives, of (Won)4,352 million and (Won)55,287 million, were recorded in other comprehensive income. The deferred gains of (Won)55,287 million for derivatives designated as cash flow hedges are expected to be reclassified into earnings within the next twelve months.