This excerpt taken from the LPL 6-K filed Nov 14, 2007.
Nine-Month Period Ended September 30, 2007
The accompanying notes are an integral part of these non-consolidated financial statements.
See Report of Independent Accountants
Notes to Non-Consolidated Financial Statements
September 30, 2007 and 2006
LG.Philips LCD Co., Ltd. (the Company) was incorporated in 1985 under its original name of LG Soft, Ltd. and commenced its manufacture and sale of Thin Film Transistor Liquid Crystal Display (TFT LCD) in 1999. On July 26, 1999, LG Electronics Inc., Koninklijke Philips Electronics N.V. and the Company entered into a joint venture agreement. Pursuant to the agreement, the Company changed its name from LG LCD Co., Ltd. to LG.Philips LCD Co., Ltd. on August 27, 1999 and on August 31, 1999, the Company issued new shares of common stock to Koninklijke Philips Electronics N.V. for (Won)725,000 million, and Koninklijke Philips Electronics N.V. acquired a 50% interest in the Company.
The Company listed its shares with the Korea Stock Exchange and with US Securities and Exchange Commission in July 2004.
As of September 30, 2007, the Company has outstanding capital stock amounting to (Won)1,789,079 million.
The significant accounting policies followed by the Company in the preparation of its interim non-consolidated financial statements are same as those followed by the Company in its preparation of annual non-consolidated financial statements and are summarized below: