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LPL » Topics » Sales to Other Related Parties

This excerpt taken from the LPL 20-F filed Jun 23, 2009.

Sales to Other Related Parties

The Company’s total sales to its related parties excluding LG Electronics, LG International and their subsidiaries amounted to (Won)1,371,716 million, (Won)1,769,253 million and (Won)1,943,392 million for the years ended 2006, 2007 and 2008. These amounts include sales to Philips Electronics and its affiliates on an invoiced basis which amounted to (Won)1,331,407 million, (Won)1,704,297 million and (Won)1,636,796 million for the years ended 2006, 2007 and 2008. The balance of receivables from related parties excluding LG Electronics, LG International and their subsidiaries amounted to (Won)310,552 million and (Won)214,400 million as of December 31, 2007 and 2008, respectively. These amounts include receivables from Philips Electronics and its affiliates which amounted to (Won)257,136 million and (Won)139,268 million as of December 31, 2007 and 2008, respectively.

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