1、SAMSUNG ELECTRONICS CO.,LTD.AND ITS SUBSIDIARIES Consolidated Financial StatementsDecember 31,2024 and 2023 (With Independent Auditors Report Thereon)Contents Page Independent Auditors Report1 Consolidated Statements of Financial Position4 Consolidated Statements of Profit or Loss7Consolidated State

2、ments of Comprehensive Income 8Consolidated Statements of Changes in Equity 9 Consolidated Statements of Cash Flows13 Notes to the Consolidated Financial Statements15 152,Teheran-ro,Gangnam-gu,Seoul 06236(Yeoksam-dong,Gangnam Finance Center 27th Floor)Republic of Korea Independent Auditors Report To

3、 the Shareholders and Board of Directors of Samsung Electronics Co.,Ltd.:Opinion We have audited the accompanying consolidated financial statements of Samsung Electronics Co.,Ltd.and its subsidiaries(“the Group”),expressed in Korean won,which comprise the consolidated statements of financial positio

4、n as of December 31,2024,and 2023 and the consolidated statements of profit or loss,comprehensive income,changes in equity and cash flows for the years then ended,and notes,comprising material accounting policy information and other explanatory information.In our opinion,the accompanying consolidate

5、d financial statements present fairly,in all material respects,the consolidated financial position of the Group as of December 31,2024 and 2023 and its consolidated financial performance and cash flows for the years then ended in accordance with Korean International Financial Reporting Standards(“Ko

6、rean IFRS”).Basis for Opinion We conducted our audits in accordance with International Standards on Auditing(“ISAs”)and Korean Standards on Auditing(“KSAs”).Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Consolidated Financial S

7、tatements section of our report.We are independent of the Group in accordance with the International Ethics Standards Board for Accountants International Code of Ethics for Professional Accountants(including International Independence Standards)(“IESBA Code”)together with the ethical requirements th

8、at are relevant to our audit of the consolidated financial statements in the Republic of Korea,and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code.We believe that the audit evidence we have obtained is sufficient and appropriate to provid

9、e a basis for our opinion.Key Audit Matters Key audit matters are those matters that,in our professional judgment,were of most significance in our audit of the consolidated financial statements as of and for the year ended December 31,2024.These matters were addressed in the context of our audit of

10、the consolidated financial statements as a whole,and in forming our opinion thereon,and we do not provide a separate opinion on these matters.1)Evaluation of commencement of depreciation related to construction in progress The Groups Device Solutions(DS)division is constructing factories for semicon

11、ductor production and begins depreciation of the production lines and equipment when they are available for use.Determining when the assets are available for use requires managements judgment,and as explained in Note 2,Material Accounting Policies,the Groups assessment of when the production lines a

12、nd equipment are available for use requires managements subjective judgments on whether the assets are operating as intended.We identified the evaluation of commencement of depreciation related to construction in progress as a key audit matter because the DS divisions investments are significant and

13、 if the commencement of depreciation is determined contrary to the substance,the impact of depreciation amount on the consolidated financial statements would be significant.The primary audit procedures we performed to address this key audit matter are as follows:Understanding of the Groups accountin

14、g policies and the processes and internal controls applied to the evaluation of when the assets are available for use;Evaluating the design and testing the operating effectiveness of the internal controls over the approval on commencement of depreciation related to construction in progress;Evaluatin

15、g the design and implementation of the operating effectiveness of the internal controls regarding identification and monitoring of aged construction in progress;Inspecting documentation supporting the appropriateness of the commencement of depreciation of construction in progress during the year and

16、 subsequent to year-end on a sample basis;and Observing,on a sample basis,whether the Groups construction in progress is in operation.2)Sales deduction related to sales promotion activities The Groups Device eXperience(DX)division performs sales promotion activities,which includes providing price or

17、 volume discounts and incentives to customers including retail and telecommunication companies,based on explicit or implicit agreements.As disclosed in Note 2,Material Accounting Policies,and Note 3,Material Accounting Estimates and Assumptions,of the consolidated financial statements,the Group esti

18、mates the expected expenditures and discounts resulting from sales promotion activities at the time of revenue recognition and deducts the amount from revenue.We identified the accuracy and completeness of sales deductions from promotional activities as a key audit matter because the calculation of

19、sales deductions involves significant estimates and judgements by management and is subject to possible bias or error and the amount is material to the consolidated financial statements.The primary audit procedures we performed to address this key audit matter are as follows:Evaluating the Groups ac

20、counting policies and understanding the processes and internal controls relating to the applied to sales deductions;Evaluating the design and testing the operating effectiveness of internal controls over the approval of the sales deduction policy;Evaluating the design and testing the operating effec

21、tiveness of internal controls over the sales deduction estimates and the approval of post-settlement adjustments;Evaluating the reasonableness of the estimates by inspecting,on a sample basis,the documentation supporting sales deductions estimates;and Evaluating the accuracy and completeness of sale

22、s deductions by comparing,on a sample basis,the period-end estimates to amounts settled subsequent to the period-end and examining relevant documentation.Other Matters The procedures and practices utilized in the Republic of Korea to audit such consolidated financial statements may differ from those

23、 generally accepted and applied in other countries.The accompanying consolidated financial statements as of and for the years ended December 31,2024 and 2023 have been translated into United States dollars solely for the convenience of the reader.We have audited the translation and,in our opinion,th

24、e consolidated financial statements expressed in Korean won have been translated into dollars on the basis set forth in Note 2.18 to the consolidated financial statements.Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements Management is responsi

25、ble for the preparation and fair presentation of the consolidated financial statements in accordance with Korean IFRS,and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement,whether du

26、e to fraud or error.In preparing the consolidated financial statements,management is responsible for assessing the Groups ability to continue as a going concern,disclosing,as applicable,matters related to going concern and using the going concern basis of accounting unless management either intends

27、to liquidate the Group or to cease operations,or has no realistic alternative but to do so.Those charged with governance are responsible for overseeing the Groups financial reporting process.Auditors Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain

28、 reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement,whether due to fraud or error,and to issue an auditors report that includes our opinion.Reasonable assurance is a high level of assurance,but is not a guarantee that an audit cond

29、ucted in accordance with ISAs and KSAs will always detect a material misstatement when it exists.Misstatements can arise from fraud or error and are considered material if,individually or in aggregate,they could reasonably be expected to influence the economic decisions of users taken on the basis o

30、f these consolidated financial statements.As part of an audit in accordance with ISAs and KSAs,we exercise professional judgment and maintain professional skepticism throughout the audit.We also:Identify and assess the risks of material misstatement of the consolidated financial statements,whether d

31、ue to fraud or error,design and perform audit procedures responsive to those risks,and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error,as fra

32、ud may involve collusion,forgery,intentional omissions,misrepresentations,or the override of internal control.Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances,but not for the purpose of expressing an opini

33、on on the effectiveness of the internal controls.Evaluate the appropriateness of accounting policies used in the preparation of the consolidated financial statements and reasonableness of accounting estimates and related disclosures made by management.Conclude on the appropriateness of managements u

34、se of the going concern basis of accounting and,based on the audit evidence obtained,whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Groups ability to continue as a going concern.If we conclude that a material uncertainty exists,we are req

35、uired to draw attention in our auditors report to the related disclosures in the consolidated financial statements or,if such disclosures are inadequate,to modify our opinion.Our conclusions are based on the audit evidence obtained up to the date of our auditors report.However,future events or condi

36、tions may cause the Group to cease to continue as a going concern.Evaluate the overall presentation,structure and content of the consolidated financial statements,including the disclosures,and whether the consolidated financial statements represent the underlying transactions and events in a manner

37、that achieves fair presentation.Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements.We are responsible for the direction,supervision and performance of

38、the group audit.We remain solely responsible for our audit opinion.We communicate with those charged with governance regarding,among other matters,the planned scope and timing of the audit and significant audit findings,including any significant deficiencies in internal control that we identify duri

39、ng our audit.We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence,and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence,and where appliable,rel

40、ated safeguards.From the matters communicated with those charged with governance,we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters.We describe these matters in our auditors rep

41、ort unless law or regulation precludes public disclosure about the matter or when,in extremely rare circumstances,we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of

42、such communication.The engagement partner on the audit resulting in this independent auditors report is Han,Sang Hyun.Seoul,Korea February 18,2025 This report is effective as of February 18,2025.Certain subsequent events or circumstances which may occur between the audit report date and the time of

43、reading this report,could have a material impact on the accompanying consolidated financial statements and notes thereto.Accordingly,the readers of the audit report should understand that the above audit report has not been updated to reflect the impact of such subsequent events or circumstances,if

44、any.Samsung Electronics Co.,Ltd.and its subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION The above consolidated statements of financial position should be read in conjunction with the accompanying notes.-4-(In millions of Korean won,in thousands of US dollars(Note 2.18)December 31,December

45、 31,December 31,December 31,Notes 2024 2023 2024 2023 KRW KRW USD USD Assets Current assets Cash and cash equivalents 4,28 53,705,579 69,080,893 39,399,770 50,679,489 Short-term financial instruments 4,28 58,909,334 22,690,924 43,217,376 16,646,635 Short-term financial assets at amortized cost 4,28-

46、608,281-446,250 Short-term financial assets at fair value through profit or loss 4,6,28 36,877 27,112 27,054 19,890 Trade receivables 4,5,7,28 43,623,073 36,647,393 32,002,989 26,885,454 Non-trade receivables 4,7,28 9,622,974 6,633,248 7,059,657 4,866,318 Prepaid expenses 3,362,824 3,366,130 2,467,0

47、53 2,469,478 Inventories 8 51,754,865 51,625,874 37,968,677 37,874,046 Other current assets 4,28 6,046,740 5,038,838 4,436,043 3,696,620 Assets held-for-sale 33-217,864-159,831 227,062,266 195,936,557 166,578,619 143,744,011 Non-current assets Financial assets at fair value through other comprehensi

48、ve income 4,6,28 10,580,932 7,481,297 7,762,439 5,488,469 Financial assets at fair value through profit or loss 4,6,28 1,175,749 1,431,394 862,559 1,050,107 Investments in associates and joint ventures 9 12,592,117 11,767,444 9,237,895 8,632,894 Property,plant and equipment 10 205,945,209 187,256,26

49、2 151,086,611 137,375,927 Intangible assets 11 23,738,566 22,741,862 17,415,212 16,684,005 Net defined benefit assets 14 3,089,571 4,905,219 2,266,587 3,598,593 Deferred income tax assets 25 14,236,468 10,211,797 10,444,233 7,491,632 Other non-current assets 4,7,28 16,111,070 14,174,148 11,819,488 1

50、0,398,513 287,469,682 259,969,423 210,895,024 190,720,140 Total assets 514,531,948 455,905,980 377,473,643 334,464,151 Samsung Electronics Co.,Ltd.and its subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION The above consolidated statements of financial position should be read in conjunction

51、with the accompanying notes.-5-(In millions of Korean won,in thousands of US dollars(Note 2.18)December 31,December 31,December 31,December 31,Notes 2024 2023 2024 2023 KRW KRW USD USD Liabilities and Equity Current liabilities Trade payables 4,28 12,370,177 11,319,824 9,075,075 8,304,509 Short-term

52、 borrowings 4,5,12,28 13,172,504 7,114,601 9,663,682 5,219,451 Other payables 4,28 18,547,365 15,324,119 13,606,816 11,242,161 Advances received 17 1,841,420 1,492,602 1,350,912 1,095,011 Withholdings 4,28 991,812 892,441 727,618 654,717 Accrued expenses 4,17,28 29,613,258 26,013,273 21,725,035 19,0

53、83,995 Current income tax liabilities 4,340,171 3,358,715 3,184,059 2,464,038 Current portion of long-term liabilities 4,12,13,28 2,207,290 1,308,875 1,619,324 960,224 Provisions 15 8,216,469 6,524,876 6,027,809 4,786,814 Other current liabilities 4,17,28 2,025,833 2,308,472 1,486,202 1,693,553 Liab

54、ilities held-for-sale 33-61,654-45,231 93,326,299 75,719,452 68,466,532 55,549,704 Non-current liabilities Debentures 4,13,28 14,530 537,618 10,660 394,410 Long-term borrowings 4,12,28 3,935,860 3,724,850 2,887,446 2,732,644 Long-term other payables 4,28 5,510,455 5,488,283 4,042,609 4,026,343 Net d

55、efined benefit liabilities 14 521,410 456,557 382,520 334,942 Deferred income tax liabilities 25 528,231 620,549 387,524 455,250 Long-term provisions 15 3,120,044 2,878,450 2,288,943 2,111,704 Other non-current liabilities 4,17,28 5,383,049 2,802,356 3,949,141 2,055,879 19,013,579 16,508,663 13,948,

56、843 12,111,172 Total liabilities 112,339,878 92,228,115 82,415,375 67,660,876 Samsung Electronics Co.,Ltd.and its subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION The above consolidated statements of financial position should be read in conjunction with the accompanying notes.-6-(In millio

57、ns of Korean won,in thousands of US dollars(Note 2.18)December 31,December 31,December 31,December 31,Notes 2024 2023 2024 2023 KRW KRW USD USD Equity attributable to owners of the parent company Preference shares 18 119,467 119,467 87,644 87,644 Ordinary shares 18 778,047 778,047 570,795 570,795 Sh

58、are premium 4,403,893 4,403,893 3,230,807 3,230,807 Retained earnings 19 370,513,188 346,652,238 271,817,840 254,312,844 Other components of equity 20,33 15,873,008 1,280,130 11,644,840 939,136 391,687,603 353,233,775 287,351,926 259,141,226 Non-controlling interests 31 10,504,467 10,444,090 7,706,3

59、42 7,662,049 Total equity 402,192,070 363,677,865 295,058,268 266,803,275 Total liabilities and equity 514,531,948 455,905,980 377,473,643 334,464,151 Samsung Electronics Co.,Ltd.and its subsidiaries CONSOLIDATED STATEMENTS OF PROFIT OR LOSS The above consolidated statements of profit or loss should

60、 be read in conjunction with the accompanying notes.-7-(In millions of Korean won,in thousands of US dollars(Note 2.18)For the years ended December 31,Notes 2024 2023 2024 2023 KRW KRW USD USD Revenue 29 300,870,903 258,935,494 220,726,499 189,961,623 Cost of sales 21 186,562,268 180,388,580 136,866

61、,795 132,337,621 Gross profit 114,308,635 78,546,914 83,859,704 57,624,002 Selling and administrative expenses 21,22 81,582,674 71,979,938 59,851,112 52,806,302 Operating profit 29 32,725,961 6,566,976 24,008,592 4,817,700 Other non-operating income 23 1,960,338 1,180,448 1,438,154 866,006 Other non

62、-operating expense 23 1,625,229 1,083,327 1,192,309 794,757 Share of net profit of associates and joint ventures 9 751,044 887,550 550,985 651,129 Financial income 24 16,703,304 16,100,148 12,253,966 11,811,476 Financial expense 24 12,985,684 12,645,530 9,526,626 9,277,080 Profit before income tax 3

63、7,529,734 11,006,265 27,532,762 8,074,474 Income tax expense(benefit)25 3,078,383(4,480,835)2,258,380(3,287,254)Profit for the year 34,451,351 15,487,100 25,274,382 11,361,728 Profit attributable to Owners of the parent company 33,621,363 14,473,401 24,665,482 10,618,053 Non-controlling interests 82

64、9,988 1,013,699 608,900 743,675 Earnings per share(in Korean won,in US dollars)26 -Basic 4,950 2,131 3.63 1.56-Diluted 4,950 2,131 3.63 1.56 Samsung Electronics Co.,Ltd.and its subsidiaries CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME The above consolidated statements of comprehensive income shou

65、ld be read in conjunction with the accompanying notes.-8-(In millions of Korean won,in thousands of US dollars(Note 2.18)For the years ended December 31,Notes 2024 2023 2024 2023 KRW KRW USD USD Profit for the year 34,451,351 15,487,100 25,274,382 11,361,728 Other comprehensive income Items that wil

66、l not be reclassified subsequently to profit or loss:Gain on valuation of financial assets at fair value through other comprehensive income,net of tax 6,20 2,300,166 1,481,091 1,687,460 1,086,566 Share of other comprehensive income(loss)of associates and joint ventures,net of tax 9,20(71,581)13,150(

67、52,514)9,647 Remeasurement of net defined benefit liabilities(assets),net of tax 14,20(766,078)(828,298)(562,014)(607,659)Items that may be reclassified subsequently to profit or loss:Share of other comprehensive income of associates and joint ventures,net of tax 9,20 305,327 61,962 223,996 45,457 F

68、oreign currency translation differences for foreign operations,net of tax 20 15,116,099 2,621,479 11,089,552 1,923,183 Gain(loss)on valuation of cash flow hedge derivatives 20(38,946)927(28,572)679 Other comprehensive income for the year,net of tax 16,844,987 3,350,311 12,357,908 2,457,873 Total com

69、prehensive income for the year 51,296,338 18,837,411 37,632,290 13,819,601 Comprehensive income attributable to:Owners of the parent company 50,048,199 17,845,661 36,716,624 13,092,028 Non-controlling interests 1,248,139 991,750 915,666 727,573 Samsung Electronics Co.,Ltd.and its subsidiaries CONSOL

70、IDATED STATEMENTS OF CASH FLOWS The above consolidated statements of cash flows should be read in conjunction with the accompanying notes.-13-(In millions of Korean won,in thousands of US dollars(Note 2.18)For the years ended December 31,Notes 2024 2023 2024 2023 KRW KRW USD USD Operating activities

71、 Profit for the year 34,451,351 15,487,100 25,274,382 11,361,728 Adjustments 27 42,947,079 36,519,534 31,507,063 26,791,653 Changes in assets and liabilities arising from operating activities 27(1,567,557)(5,458,745)(1,150,000)(4,004,673)Cash generated from operations 75,830,873 46,547,889 55,631,44

72、5 34,148,708 Interest received 4,008,359 4,786,010 2,940,633 3,511,138 Interest paid (675,049)(844,691)(495,233)(619,687)Dividends received 268,482 269,169 196,965 197,469 Income tax paid (6,450,044)(6,620,950)(4,731,914)(4,857,296)Net cash provided by operating activities 72,982,621 44,137,427 53,5

73、41,896 32,380,332 Investing activities Net decrease(increase)in short-term financial instruments (32,976,756)39,421,565(24,192,582)28,920,657 Net decrease(increase)in short-term financial assets at amortized cost 620,858(195,616)455,477(143,509)Net decrease(increase)in short-term financial assets at

74、 fair value through profit or loss (9,735)2,718(7,142)1,994 Disposal of long-term financial instruments 4,100,008 4,565,426 3,007,870 3,349,312 Acquisition of long-term financial instruments (3,987,279)(5,307,770)(2,925,169)(3,893,914)Disposal of financial assets at fair value through other comprehe

75、nsive income 389,680 6,521,568 285,879 4,784,387 Acquisition of financial assets at fair value through other comprehensive income (185,876)(124,488)(136,363)(91,328)Disposal of financial assets at fair value through profit or loss 309,970 63,962 227,402 46,924 Acquisition of financial assets at fair

76、 value through profit or loss (70,982)(130,459)(52,074)(95,708)Disposal of investment in associates and joint ventures 33,178 33,457 24,340 24,545 Acquisition of investment in associates and joint ventures (11,710)(78,690)(8,591)(57,729)Disposal of property,plant and equipment 156,191 98,341 114,586

77、 72,145 Acquisition of property,plant and equipment (51,406,355)(57,611,292)(37,713,001)(42,265,100)Disposal of intangible assets 15,869 11,744 11,642 8,616 Acquisition of intangible assets (2,335,284)(2,922,875)(1,713,223)(2,144,295)Cash outflow from business combination (142,156)(356,511)(104,289)

78、(261,545)Cash inflow from disposal of held-for-sale assets 101,563-74,509-Cash inflow(outflow)from other investing activities 17,114(913,897)12,554(670,458)Net cash used in investing activities (85,381,702)(16,922,817)(62,638,175)(12,415,006)Samsung Electronics Co.,Ltd.and its subsidiaries CONSOLIDA

79、TED STATEMENTS OF CASH FLOWS The above consolidated statements of cash flows should be read in conjunction with the accompanying notes.-14-(In millions of Korean won,in thousands of US dollars(Note 2.18)For the years ended December 31,Notes 2024 2023 2024 2023 KRW KRW USD USD Financing activities Ne

80、t increase in short-term borrowings 27 5,871,346 2,145,400 4,307,368 1,573,920 Increase in long-term borrowings 27 404,954 354,712 297,084 260,226 Repayment of debentures and long-term borrowings 27(1,364,508)(1,219,579)(1,001,038)(894,714)Dividends paid (10,888,749)(9,864,474)(7,988,261)(7,236,827)

81、Treasury shares purchased (1,811,775)-(1,329,164)-Transactions with non-controlling interests (8,511)(9,118)(6,244)(6,690)Net cash used in financing activities (7,797,243)(8,593,059)(5,720,255)(6,304,085)Reclassification to assets held-for-sale 32-(14,153)-(10,383)Effect of foreign exchange rate cha

82、nges 4,821,010 792,785 3,536,815 581,607 Net increase(decrease)in cash and cash equivalents (15,375,314)19,400,183(11,279,719)14,232,465 Cash and cash equivalents Beginning of the year 69,080,893 49,680,710 50,679,489 36,447,024 End of the year 53,705,579 69,080,893 39,399,770 50,679,489 Samsung Ele

83、ctronics Co.,Ltd.and its subsidiariesNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-15-As of December 31,2024 and 2023,and For the years ended December 31,2024 and 2023 1.General Information 1.1 Company Overview Samsung Electronics Co.,Ltd.(“SEC”)was incorporated under the laws of the Republic of Ko

84、rea 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:DX,DS,SDC and Harman.DX(Device eXperience)division comprises businesses for digital televisions,refrigerators,smartphones and networ

85、k systems.DS(Device Solutions)division comprises businesses for memory,foundry,and system Large Scale Integration(LSI).SDC includes display panels products.Harman division includes connected car systems,audio and visual products,enterprise automation solutions and connected services.SEC is domiciled

86、 in the Republic of Korea and is located in Suwon,the Republic of Korea.These 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 it

87、s 228 subsidiaries,including Samsung Display and Samsung Electronics America.The Company also applies the equity method of accounting for its 35 associates and joint ventures,including Samsung Electro-Mechanics Co.,Ltd.1.2 Consolidated Subsidiaries The consolidated subsidiaries as of December 31,202

88、4 are as follows:Region Subsidiaries Business Percentage of ownership(%)(*)America Samsung Electronics America,Inc.(SEA)Sale of electronic devices100.0 Samsung International,Inc.(SII)Manufacture of electronic devices 100.0 Samsung Mexicana S.A.de C.V(SAMEX)Manufacture of electronic devices 100.0 Sam

89、sung Electronics Home Appliances America,LLC(SEHA)Manufacture of home appliances100.0 Samsung Research America,Inc.(SRA)Research and Development(R&D)100.0 Samsung Next LLC(SNX)Management of overseas subsidiaries 100.0 Samsung Next Fund LLC(SNXF)Technology business,venture capital investments100.0Neu

90、roLogica Corp.Manufacture and sale of medical equipment100.0Samsung Lennox HVAC North America,LLCSale of air conditioning products50.1Joyent,Inc.Cloud services100.0 SmartThings,Inc.Sale of smart home electronics 100.0 TeleWorld Solutions,Inc.(TWS)Deployment and optimization of network devices100.0 S

91、amsung Semiconductor,Inc.(SSI)Sale of semiconductor and display panels100.0 Samsung Federal,Inc.(SFI)R&D 100.0 Samsung Austin Semiconductor LLC.(SAS)Manufacture of semiconductors 100.0 Samsung Oak Holdings,Inc.(SHI)Management of overseas subsidiaries 100.0 SEMES America,Inc.Maintenance of semiconduc

92、tor equipment 100.0 Samsung Display America Holdings,Inc.(SDAH)Management of overseas subsidiaries 100.0 eMagin Corporation Development and manufacture of display panels 100.0 Samsung Electronics Canada,Inc.(SECA)Sale of electronic devices100.0 AdGear Technologies Inc.Digital advertising platforms10

93、0.0 Sonio CorporationSale of medical software 100.0(*)Ownership represents the Companys ownership of the voting rights in each entity,including subsidiaries ownerships.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-16-Region Subsidiaries Business Perc

94、entage of ownership(%)(*)America Samsung Eletronica da Amazonia Ltda.(SEDA)Manufacture and sale of electronic devices 100.0 Samsung Electronics Mexico S.A.De C.V.(SEM)Sale of electronic devices 100.0 Samsung Electronics Digital Appliance Mexico,SA de CV(SEDAM)Manufacture of home appliances 100.0 Sam

95、sung Electronics Latinoamerica(Zona Libre),S.A.(SELA)Sale of electronic devices 100.0 Samsung Electronics Latinoamerica Miami,Inc.(SEMI)Sale of electronic devices 100.0 Samsung Electronica Colombia S.A.(SAMCOL)Sale of electronic devices 100.0 Samsung Electronics Argentina S.A.(SEASA)Marketing and se

96、rvices 100.0 Samsung Electronics Chile Limitada(SECH)Sale of electronic devices 100.0 Samsung Electronics Peru S.A.C.(SEPR)Sale of electronic devices 100.0 Samsung Electronics Venezuela,C.A.(SEVEN)Marketing and services 100.0 Samsung Electronics Panama.S.A.(SEPA)Consulting 100.0 Harman International

97、 Industries,Inc.Management of overseas subsidiaries 100.0 Harman Becker Automotive Systems,Inc.Manufacture and sale of audio products and R&D 100.0 Harman Connected Services,Inc.Connected service provider 100.0 Harman Connected Services Engineering Corp.Connected service provider 100.0 Harman da Ama

98、zonia Industria Eletronica e Participacoes Ltda.Manufacture and sale of audio products 100.0 Harman de Mexico,S.de R.L.de C.V.Manufacture of audio products 100.0 Harman do Brasil Industria Eletronica e Participacoes Ltda.Sale of audio products and R&D 100.0 Harman International Industries Canada Ltd

99、.Sale of audio products 100.0 Harman International Mexico,S.de R.L.de C.V.Sale of audio products 100.0 Harman KG Holding,LLC Management of overseas subsidiaries 100.0 Harman Professional,Inc.Sale of audio products and R&D 100.0 Roon Labs,LLC.Sale of audio products 100.0 Beijing Integrated Circuit In

100、dustry International Fund,L.P Venture capital investments 61.4 China Materialia New Materials 2016 Limited Partnership Venture capital investments 99.0(*)Ownership represents the Companys ownership of the voting rights in each entity,including subsidiaries ownerships.Samsung Electronics Co.,Ltd.and

101、its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-17-Region Subsidiaries Business Percentage of ownership(%)(*)Europe/CIS Samsung Electronics(UK)Ltd.(SEUK)Sale of electronic devices 100.0 Samsung Electronics Ltd.(SEL)Management of overseas subsidiaries 100.0 Samsung Semiconductor Europ

102、e Limited(SSEL)Sale of semiconductor and display panels 100.0 Samsung Electronics GmbH(SEG)Sale of electronic devices 100.0 Samsung Electronics Holding GmbH(SEHG)Management of overseas subsidiaries 100.0 Samsung Semiconductor Europe GmbH(SSEG)Sale of semiconductor and display panels 100.0 Samsung El

103、ectronics France S.A.S(SEF)Sale of electronic devices 100.0 Samsung Electronics Italia S.P.A.(SEI)Sale of electronic devices 100.0 Samsung Electronics Iberia,S.A.(SESA)Sale of electronic devices 100.0 Samsung Electronics Portuguesa,Unipessoal,Lda.(SEP)Sale of electronic devices 100.0 Samsung Electro

104、nics Hungarian Private Co.Ltd.(SEH)Manufacture and sale of electronic devices 100.0 Samsung Electronics Europe Logistics B.V.(SELS)Logistics 100.0 Samsung Electronics Benelux B.V.(SEBN)Sale of electronic devices 100.0 Samsung Electronics Europe Holding Cooperatief U.A.(SEEH)Management of overseas su

105、bsidiaries 100.0 Samsung Electronics Nordic Aktiebolag(SENA)Sale of electronic devices 100.0 Samsung Electronics Slovakia s.r.o(SESK)Manufacture of TV and monitors 100.0 Samsung Electronics Polska,SP.Zo.o(SEPOL)Sale of electronic devices 100.0 Samsung Electronics Poland Manufacturing SP.Zo.o(SEPM)Ma

106、nufacture of home appliances 100.0 Samsung Electronics Romania LLC(SEROM)Sale of electronic devices 100.0 Samsung Electronics Austria GmbH(SEAG)Sale of electronic devices 100.0 Samsung Electronics Switzerland GmbH(SESG)Sale of electronic devices 100.0 Samsung Electronics Czech and Slovak s.r.o.(SECZ

107、)Sale of electronic devices 100.0 Samsung Electronics Baltics SIA(SEB)Sale of electronic devices 100.0 Samsung Electronics Greece S.M.S.A(SEGR)Sale of electronic devices 100.0 Samsung Electronics Air Conditioner Europe B.V.(SEACE)Sale of air conditioning products 100.0 Samsung Nanoradio Design Cente

108、r(SNDC)R&D 100.0 Samsung Denmark Research Center ApS(SDRC)R&D 100.0 Samsung Cambridge Solution Centre Limited(SCSC)R&D 100.0 SAMSUNG Zhilabs,S.L.Development and sale of network solutions 100.0 FOODIENT LTD.R&D 100.0 Oxford Semantic Technologies Limited(OST)R&D 100.0 Sonio SAS Sale of software and R&

109、D 100.0 Samsung Electronics Rus Company LLC(SERC)Sale of electronic devices 100.0 Samsung Electronics Rus Kaluga LLC(SERK)Manufacture of TV 100.0 Samsung Electronics Ukraine Company LLC(SEUC)Sale of electronic devices 100.0 Samsung R&D Institute Ukraine(SRUKR)R&D 100.0 Samsung Electronics Central Eu

110、rasia LLP(SECE)Sale of electronic devices 100.0 Samsung R&D Institute Rus LLC(SRR)R&D 100.0 Samsung Electronics Caucasus Co.Ltd(SECC)Marketing 100.0 Samsung Electronics Uzbekistan Ltd.(SEUZ)Marketing 100.0(*)Ownership represents the Companys ownership of the voting rights in each entity,including su

111、bsidiaries ownerships.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-18-Region Subsidiaries Business Percentage of ownership(%)(*)Europe/CIS AKG Acoustics GmbH Manufacture and sale of audio products 100.0 Apostera UA,LLC Connected Service Provider 100

112、.0 Harman Audio Iberia Espana Sociedad Limitada Sale of audio products 100.0 Harman Becker Automotive Systems GmbH Manufacture and sale of audio products and R&D 100.0 Harman Becker Automotive Systems Italy S.R.L.Sale of audio products 100.0 Harman Becker Automotive Systems Manufacturing Kft Manufac

113、ture of audio products and R&D 100.0 Harman Belgium SA Sale of audio products 100.0 Harman Connected Services AB.Connected service provider 100.0 Harman Finland Oy Connected service provider 100.0 Harman Connected Services GmbH Connected service provider 100.0 Harman Connected Services Poland Sp.zoo

114、 Connected service provider 100.0 Harman Connected Services UK Ltd.Connected service provider 100.0 Harman Consumer Nederland B.V.Sale of audio products 100.0 Harman Deutschland GmbH Sale of audio products 100.0 Harman France SNC Sale of audio products 100.0 Harman Holding GmbH&Co.KG Management comp

115、any 100.0 Harman Hungary Financing Ltd.Financing company 100.0 Harman Inc.&Co.KG Management of overseas subsidiaries 100.0 Harman International Estonia OU R&D 100.0 Harman International Industries Limited Sale of audio products and R&D 100.0 Harman International Romania SRL R&D 100.0 Harman Manageme

116、nt GmbH Management of overseas subsidiaries 100.0 Harman Professional Kft Manufacture of audio products and R&D 100.0 Harman Professional Denmark ApS Sale of audio products and R&D 100.0 Red Bend Software SAS Software design 100.0 Studer Professional Audio GmbH Sale of audio products and R&D 100.0 H

117、arman Connected Services OOO Connected service provider 100.0 Harman RUS CIS LLC Sale of audio products 100.0(*)Ownership represents the Companys ownership of the voting rights in each entity,including subsidiaries ownerships.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED

118、 FINANCIAL STATEMENTS-19-Region Subsidiaries Business Percentage of ownership(%)(*)Middle East&Africa Samsung Gulf Electronics Co.,Ltd.(SGE)Sale of electronic devices 100.0 Samsung Electronics Turkiye(SETK)Sale of electronic devices 100.0 Samsung Electronics Industry and Commerce Ltd.(SETK-P)Manufac

119、ture of electronic devices 100.0 Samsung Electronics Levant Co.,Ltd.(SELV)Sale of electronic devices 100.0 Samsung Electronics Maghreb Arab(SEMAG)Sale of electronic devices 100.0 Samsung Electronics Egypt S.A.E(SEEG)Manufacture and sale of electronic devices 100.0 Samsung Electronics Israel Ltd.(SEI

120、L)Marketing 100.0 Samsung Electronics Tunisia S.A.R.L(SETN)Marketing 100.0 Samsung Electronics Pakistan(Private)Ltd.(SEPAK)Marketing 100.0 Samsung Electronics Middle East and North Africa(SEMENA)Management of overseas subsidiaries 100.0 Samsung Electronics Saudi Arabia Ltd.(SESAR)Sale of electronic

121、devices 100.0 Samsung Semiconductor Israel R&D Center,Ltd.(SIRC)R&D 100.0 Corephotonics Ltd.R&D 100.0 Samsung Electronics South Africa(Pty)Ltd.(SSA)Sale of electronic devices 100.0 Samsung Electronics South Africa Production(Pty)Ltd.(SSAP)Manufacture of TV and monitors 100.0 Samsung Electronics West

122、 Africa Ltd.(SEWA)Marketing 100.0 Samsung Electronics East Africa Ltd.(SEEA)Marketing 100.0 Global Symphony Technology Group Private Ltd.Management of overseas subsidiaries 100.0 Harman Connected Services Morocco Connected service provider 100.0 Harman Industries Holdings Mauritius Ltd.Management of

123、 overseas subsidiaries 100.0 Red Bend Ltd.Manufacture of audio products 100.0 Asia(Excluding China)Samsung Asia Pte.Ltd.(SAPL)Management of overseas subsidiaries 100.0 Samsung Electronics Singapore Pte.Ltd.(SESP)Sale of electronic devices 100.0 Samsung Malaysia Electronics(SME)Sdn.Bhd.(SME)Sale of e

124、lectronic devices 100.0 Samsung Electronics Display(M)Sdn.Bhd.(SDMA)Manufacture of electronic devices 100.0 Samsung Electronics(M)Sdn.Bhd.(SEMA)Manufacture of home appliances 100.0 Samsung Vina Electronics Co.,Ltd.(SAVINA)Sale of electronic devices 100.0 Samsung Electronics Vietnam Co.,Ltd.(SEV)Manu

125、facture of electronic devices 100.0 Samsung Electronics Vietnam THAINGUYEN Co.,Ltd.(SEVT)Manufacture of communication equipment 100.0 Samsung Electronics HCMC CE Complex Co.,Ltd.(SEHC)Manufacture and sale of electronic devices 100.0 Samsung Display Vietnam Co.,Ltd.(SDV)Manufacture of display panels

126、100.0 PT Samsung Electronics Indonesia(SEIN)Manufacture and sale of electronic devices 100.0 PT Samsung Telecommunications Indonesia(STIN)Sale of electronic devices and services 100.0 Thai Samsung Electronics Co.,Ltd.(TSE)Manufacture and sale of electronic devices 91.8 Laos Samsung Electronics Sole

127、Co.,Ltd(LSE)Marketing 100.0 Samsung Electronics Philippines Corporation(SEPCO)Sale of electronic devices 100.0 Samsung Electronics Australia Pty.Ltd.(SEAU)Sale of electronic devices 100.0 Samsung Electronics New Zealand Limited(SENZ)Sale of electronic devices 100.0 Samsung India Electronics Private

128、Ltd.(SIEL)Manufacture and sale of electronic devices 100.0 Red Brick Lane Marketing Solutions Pvt.Ltd.Marketing 100.0 Samsung Display Noida Private Limited(SDN)Manufacture of display panels 100.0 Samsung R&D Institute India-Bangalore Private Limited(SRI-Bangalore)R&D 100.0 Samsung R&D Institute Bang

129、ladesh Limited(SRBD)R&D 100.0 Samsung Nepal Services Pvt,Ltd(SNSL)Service 100.0 Samsung Japan Corporation(SJC)Sale of semiconductor and display panels 100.0(*)Ownership represents the Companys ownership of the voting rights in each entity,including subsidiaries ownerships.Samsung Electronics Co.,Ltd

130、.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-20-Region Subsidiaries Business Percentage of ownership(%)(*)Asia(Excluding China)Samsung R&D Institute Japan Co.Ltd.(SRJ)R&D 100.0 Samsung Electronics Japan Co.,Ltd.(SEJ)Sale of electronic devices 100.0 Harman Connected Services C

131、orp.India Pvt.Ltd.Connected service provider 100.0 Harman International(India)Private Limited Sale of audio products and R&D 100.0 Harman International Industries PTY Ltd.Management of overseas subsidiaries 100.0 Harman International(Thailand)Co.,Ltd.Manufacture and sale of audio products 100.0 Harm

132、an International Japan Co.,Ltd.Sale of audio products and R&D 100.0 Harman Singapore Pte.Ltd.Sale of audio products 100.0 China Samsung(CHINA)Investment Co.,Ltd.(SCIC)Sale of electronic devices 100.0 Samsung Electronics Hong Kong Co.,Ltd.(SEHK)Sale of electronic devices 100.0 Samsung Electronics Tai

133、wan Co.,Ltd.(SET)Sale of electronic devices 100.0 Suzhou Samsung Electronics Co.,Ltd.(SSEC)Manufacture of home appliances 88.3 Samsung Suzhou Electronics Export Co.,Ltd.(SSEC-E)Manufacture of home appliances 100.0 Samsung Electronics Suzhou Computer Co.,Ltd.(SESC)R&D 100.0 Tianjin Samsung Telecom Te

134、chnology Co.,Ltd.(TSTC)Manufacture of communication equipment 90.0 Beijing Samsung Telecom R&D Center(SRC-Beijing)R&D 100.0 Samsung Electronics China R&D Center(SRC-Nanjing)R&D 100.0 Samsung Mobile R&D Center China-Guangzhou(SRC-Guangzhou)R&D 100.0 Samsung R&D Institute China-Shenzhen(SRC-Shenzhen)R

135、&D 100.0 Shanghai Samsung Semiconductor Co.,Ltd.(SSS)Sale of semiconductor and display panels 100.0 Samsung(China)Semiconductor Co.,Ltd.(SCS)Manufacture of semiconductors 100.0 Samsung SemiConductor Xian Co.,Ltd.(SSCX)Sale of semiconductor and display panels 100.0 Samsung Electronics Suzhou Semicond

136、uctor Co.,Ltd.(SESS)Toll processing of semiconductors 100.0 Tianjin Samsung LED Co.,Ltd.(TSLED)Manufacture of LED 100.0 Samsung Semiconductor(China)R&D Co.,Ltd.(SSCR)R&D 100.0 Samsung Display Dongguan Co.,Ltd.(SDD)Manufacture of display panels 100.0 Samsung Display Tianjin Co.,Ltd.(SDT)Manufacture o

137、f display panels 95.0 SEMES(XIAN)Co.,Ltd.Semiconductor/FPD equipment services 100.0 Samsung Semiconductor Technology business,Venture capital investments 99.0 Harman(China)Technologies Co.,Ltd.Manufacture of audio products 100.0 Harman(Suzhou)Audio and Infotainment Systems Co.,Ltd.Sale of audio prod

138、ucts 100.0 Harman Automotive Electronic Systems(Suzhou)Co.,Ltd.Manufacture of audio products and R&D 100.0 Harman Commercial(Shanghai)Co.,Ltd.Sale of audio products 100.0 Harman Connected Services Solutions(Chengdu)Co.,Ltd.Connected service provider 100.0 Harman Holding Limited Sale of audio product

139、s 100.0 Harman International(China)Holdings Co.,Ltd.Sale of audio products and R&D 100.0 Harman Technology(Shenzhen)Co.,Ltd.Sale of audio products and R&D 100.0(*)Ownership represents the Companys ownership of the voting rights in each entity,including subsidiaries ownerships.Samsung Electronics Co.

140、,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-21-Region Subsidiaries Business Percentage of ownership(%)(*)Domestic Samsung Display Co.,Ltd.Manufacture and sale of display panels 84.8 SU Materials Manufacture of display panel components 50.0 STECO Co.,Ltd.Manufacture of se

141、miconductor components 70.0 SEMES Co.,Ltd.Manufacture and sale of semiconductor/FPD 91.5 Samsung Electronics Service Co.,Ltd.Repair services for electronic devices 99.3 Samsung Electronics Service Customer Satisfaction Co.,Ltd.Call center for repair services for electronic devices 100.0 Samsung Elec

142、tronics Sales Co.,Ltd.Sale of electronic devices 100.0 Samsung Electronics Logitech Co.,Ltd.General logistics agency 100.0 Samsung Medison Co.,Ltd.Manufacture and sale of medical equipment 68.5 Stella Forest of Hope Manufacture of food 100.0 Mirero System Co.,Ltd.Development and supply of semiconduc

143、tor process defect and quality control software 99.9 Harman International Korea Software development and supply 100.0 Samsung Venture Capital Union#21 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#22 Technology business,Venture capital investments 99.0 Samsung

144、 Venture Capital Union#26 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#28 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#32 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#33 Venture

145、 capital investments in technology business 99.0 Samsung Venture Capital Union#37 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#42 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#43 Venture capital investments in technolog

146、y business 99.0 Samsung Venture Capital Union#45 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#52 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#55 Venture capital investments in technology business 99.0 Samsung Venture C

147、apital Union#56 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#57 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#62 Venture capital investments in technology business 99.0 Samsung Venture Capital Union#67 Venture capital i

148、nvestments in technology business 99.0 Growth Type Private Equity Trust Specialized in Semiconductors Investment in semiconductor industry 66.7 System LSI Mutual Benefit Private Equity Trust Investment in semiconductor industry 62.5 Semiconductor Ecosystem Private Equity Trust Investment in semicond

149、uctor industry 66.7(*)Ownership represents the Companys ownership of the voting rights in each entity,including subsidiaries ownerships.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-22-1.3 Summary of Financial Data of Major Consolidated Subsidiaries

150、Summary of financial data of major consolidated subsidiaries is as follows:(1)2024(In millions of Korean won)As of December 31,2024 For the year ended December 31,2024 Major subsidiaries(*1)Assets Liabilities Sales Profit(loss)for the year Samsung Display Co.,Ltd.67,541,382 8,305,660 25,401,419 5,98

151、9,037 Samsung Electronics America,Inc.(SEA)50,777,503 18,653,435 40,650,074 1,628,652 Samsung Asia Pte.Ltd.(SAPL)31,226,978 353,722 -5,326,248 Samsung Austin Semiconductor LLC.(SAS)27,546,958 16,107,374 4,998,707 1,171,180 Samsung Semiconductor,Inc.(SSI)21,719,875 13,462,128 46,873,584 779,010 Harma

152、n and its subsidiaries(*2)20,934,732 6,714,174 14,257,130 1,003,560 Samsung(China)Semiconductor Co.,Ltd.(SCS)18,796,411 900,205 11,180,211 1,195,361 Samsung(CHINA)Investment Co.,Ltd.(SCIC)16,111,528 15,246,946 2,754,791 300,719 Samsung Electronics Vietnam THAINGUYEN Co.,Ltd.(SEVT)13,497,264 3,802,59

153、7 32,962,634 2,078,833 Samsung India Electronics Private Ltd.(SIEL)9,561,708 3,226,735 17,048,976 1,408,392 Samsung Electronics Europe Holding Cooperatief U.A.(SEEH)9,093,393 3,452,430 -195,012 Samsung Electronics Vietnam Co.,Ltd.(SEV)7,819,080 2,167,121 21,294,696 1,359,308 Samsung Display Vietnam

154、Co.,Ltd.(SDV)7,724,664 1,955,376 20,394,839 841,058 Shanghai Samsung Semiconductor Co.,Ltd.(SSS)6,467,878 5,635,634 30,068,460 468,408 Samsung Electronics HCMC CE Complex Co.,Ltd.(SEHC)4,863,158 807,341 7,003,325 381,576 Samsung Eletronica da Amazonia Ltda.(SEDA)4,679,383 1,486,272 7,935,236 208,102

155、 Samsung Electronics(UK)Ltd.(SEUK)3,267,763 2,042,914 6,158,787 181,457 Thai Samsung Electronics Co.,Ltd.(TSE)2,637,138 502,266 4,513,870 166,928 Samsung International,Inc.(SII)2,484,711 646,678 7,473,309 138,140 Samsung Electronics Taiwan Co.,Ltd.(SET)2,411,145 1,642,510 5,744,458 62,255 SEMES Co.,

156、Ltd.2,365,712 705,818 2,432,656 144,665 Samsung Electronics GmbH(SEG)2,118,638 2,049,463 6,259,384 (1,661)Samsung Electronics Mexico S.A.De C.V.(SEM)2,017,910 845,480 4,086,721 125,857 Samsung Electronics Europe Logistics B.V.(SELS)1,928,760 1,710,124 15,682,546 (12,249)Samsung Electronics Benelux B

157、.V.(SEBN)1,894,968 726,412 2,918,779 12,514 (*1)Summary of condensed financial information is based on separate financial statements of each subsidiary.(*2)Consolidated financial data of an intermediate company,Harman International Industries,Inc.and its subsidiaries.Samsung Electronics Co.,Ltd.and

158、its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-23-(2)2023(In millions of Korean won)As of December 31,2023 For the year ended December 31,2023 Major subsidiaries(*1)Assets Liabilities Sales Profit(loss)for the year Samsung Display Co.,Ltd.65,328,568 7,266,213 27,083,336 8,268,314 Sa

159、msung Electronics America,Inc.(SEA)41,926,899 15,322,780 39,551,809 477,338 Samsung Asia Pte.Ltd.(SAPL)22,234,942 282,614 -14,140,195 Harman and its subsidiaries(*2)17,956,557 6,009,675 14,367,766 896,384 Samsung Austin Semiconductor LLC.(SAS)16,714,945 7,791,914 4,109,744 301,778 Samsung(China)Semi

160、conductor Co.,Ltd.(SCS)15,808,283 870,453 8,693,788 877,892 Samsung Semiconductor,Inc.(SSI)12,796,440 6,276,293 23,465,031 136,458 Samsung Electronics Vietnam THAINGUYEN Co.,Ltd.(SEVT)12,554,481 3,593,527 30,639,349 2,240,480 Samsung(CHINA)Investment Co.,Ltd.(SCIC)10,222,557 8,797,991 3,148,858 189,

161、887 Samsung Electronics Europe Holding Cooperatief U.A.(SEEH)9,660,481 4,585,806 -103,387 Samsung India Electronics Private Ltd.(SIEL)7,738,259 3,373,730 15,216,331 1,153,256 Samsung Display Vietnam Co.,Ltd.(SDV)7,383,485 1,570,459 24,200,246 1,143,824 Samsung Electronics Vietnam Co.,Ltd.(SEV)7,301,

162、860 2,215,062 20,154,119 1,476,382 Samsung Eletronica da Amazonia Ltda.(SEDA)5,542,627 1,587,911 7,222,304 333,812 Shanghai Samsung Semiconductor Co.,Ltd.(SSS)5,262,086 4,552,030 15,649,307 244,210 Samsung Electronics HCMC CE Complex Co.,Ltd.(SEHC)4,043,677 843,736 6,152,983 402,418 Thai Samsung Ele

163、ctronics Co.,Ltd.(TSE)3,039,379 640,512 4,213,492 150,510 Samsung Electronics(UK)Ltd.(SEUK)2,902,722 1,976,067 5,859,133 185,113 SEMES Co.,Ltd.2,187,919 659,607 2,502,143 58,754 Samsung Electronics Mexico S.A.De C.V.(SEM)2,153,032 1,038,115 3,638,080 148,873 Samsung Electronics GmbH(SEG)2,097,706 2,

164、033,152 6,374,670 (3,157)Samsung International,Inc.(SII)1,879,442 383,763 6,553,383 141,226 Samsung Electronics Taiwan Co.,Ltd.(SET)1,797,627 1,139,056 4,108,479 56,467 Samsung Electronics Benelux B.V.(SEBN)1,794,552 639,120 2,833,717 140,313 Samsung Electronics Europe Logistics B.V.(SELS)1,639,004

165、1,443,005 15,462,852 4,984 (*1)Summary of condensed financial information is based on separate financial statements of each subsidiary.(*2)Consolidated financial data of an intermediate company,Harman International Industries,Inc.and its subsidiaries.Samsung Electronics Co.,Ltd.and its subsidiaries

166、NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-24-1.4 Changes in Consolidation Scope Changes in consolidation scope during the year ended December 31,2024 are as follows:Change Region Subsidiary Description Newly included America Sonio Corporation Acquisition EuropeCIS Oxford Semantic Technologies L

167、imited(OST)Acquisition Sonio SAS Acquisition Middle EastAfrica Samsung Electronics Middle East and North Africa(SEMENA)Establishment Asia(Excluding China)Harman International(Thailand)Co.,Ltd.Establishment Domestic Samsung Venture Capital Union#67 Establishment Excluded America Harman Financial Grou

168、p LLC Liquidation EuropeCIS Samsung Display Slovakia,s.r.o.,v likvidacii(SDSK)Liquidation Samsung Electronics Overseas B.V.(SEO)Liquidation Asia(Excluding China)DOWOOINSYS VINA COMPANY LIMITED Sale China Tianjin Samsung Electronics Co.,Ltd.(TSEC)Liquidation Domestic Dowooinsys Co.,Ltd.Sale Gf-System

169、 Co.,Ltd.Sale Samsung Venture Capital Union#29 Liquidation Samsung Venture Capital Union#40 Liquidation Samsung Venture Capital Union#48 Liquidation 2.Material Accounting Policies The followings are material accounting policies applied on the consolidated financial statements.Unless mentioned otherw

170、ise,these policies are consistent throughout the accounting periods denoted.2.1 Basis of Presentation The Companys consolidated financial statements have been written in accordance with the Korean International Financial Reporting Standards(“Korean IFRS”).The Korean IFRS refers to standards selected

171、 by the Republic of Korea among accounting standards and interpretations published by International Accounting Standards Board(IASB).The Korean IFRS permits application of material accounting estimates on the financial statements and requires managements judgements in applying accounting policies.Th

172、e areas involving a higher degree of judgment or complexity,or areas where assumptions and estimates are material to the financial statements are disclosed in Note 3.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-25-2.2 Changes in Accounting Policies

173、and Disclosures (A)New and amended standards adopted by the Company The Company applied the following amended standards for the first time for the annual reporting period commencing on January 1,2024:Amendments to Korean IFRS 1001,Presentation of Financial Statements The amendments to Korean-IFRS 10

174、01 clarify that the classification of liabilities as current or non-current should be based on rights that are in existence at the end of the reporting period and that the classification is unaffected by managements intentions or expectations about whether an entity will exercise its right to defer

175、settlement of a liability.The amendments also introduce a definition of settlement to make clear that settlement includes the transfer to the counterparty of the entitys own equity instruments,however,it would be excluded if an option to settle the liability by the transfer of the entitys own equity

176、 instruments is recognized separately from the liability as an equity component of a compound financial instrument.The adoption of the amendments does not have a significant impact on the Companys consolidated financial statements.Amendments to Korean IFRS 1116,Leases The amendments add requirements

177、 for the subsequent measurement of sale-and-leaseback transactions that are accounted for as sales in accordance with Korean IFRS 1115,Revenue from Contracts with Customers.The amendments require the seller-lessee to calculate the lease payments or revised lease payments in a way that does not resul

178、t in the seller-lessee recognizing any gain or loss for the rights of use that the seller-lessee continues to retain after the lease commences.The adoption of the amendments does not have a significant impact on the Companys consolidated financial statements.Amendments to Korean IFRS 1007,Statement

179、of Cash Flows,and 1107,Financial Instruments:Presentation The amendments to Korean IFRS 1007,Statement of Cash Flows,introduce new disclosures,such as terms and conditions,balance payment due dates and the effects on cash flows,to help users of the financial statements to assess the effects of suppl

180、ier financing arrangements on an entitys liabilities and cash flows.The amendments to Korean IFRS 1107,Financial Instruments:Presentation,requires disclosure of information about an entitys exposure to concentrations of liquidity related to supplier financing arrangement.The adoption of the amendmen

181、ts does not have a significant impact on the Companys separate financial statements.(B)New and amended standard not yet adopted by the Company The amended accounting standard that has been issued but not yet effective for the annual reporting period commencing on January 1,2024 and has not been earl

182、y adopted by the Company is as follows:Amendments to Korean IFRS 1021,The Effects of Changes in Foreign Exchange Rates The amendments to Korea IFRS 1021 clarify how the Company estimates a spot rate,which is used for translation of foreign transaction into functional currency or translation of forei

183、gn operations financial statements into reporting currency,when a currency lacks exchangeability.The amendments are applied for annual periods beginning on or after January 1,2025,with early application permitted.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL ST

184、ATEMENTS-26-2.3 Consolidation The Company prepares its consolidated financial statements in accordance with Korean IFRS 1110,Consolidated Financial Statements.(A)Non-controlling interests Each component of profit or loss and other comprehensive income is attributable to the owners of the parent and

185、the non-controlling interests,and total comprehensive income is attributable to the owners of the parent and the non-controlling interests,even if the non-controlling interests have a negative balance.(B)Elimination of intercompany transactions Intercompany transactions,balances,income and expenses

186、and unrealized gains and losses(excluding foreign exchange gains and losses)are eliminated on consolidation.The Companys share of unrealized losses on transactions with associates accounted for using the equity method are eliminated in the same way as unrealized gains unless there is evidence of imp

187、airment of the asset.2.4 Functional and Presentation Currency (A)Functional and presentation currency The Company measures the items included in the financial statements of each component using the currency of the primary economic environment in which each it operates(“functional currency”).The func

188、tional currency of the parent company is Korean won(KRW)and the consolidated financial statements are presented in Korean won(KRW).(B)Translation into the presentation currency The results and financial position of all entities subjected to consolidation that have a functional currency different fro

189、m the parents presentation currency are translated into the parents presentation currency as follows:(1)Assets and liabilities are translated at the closing rate at the end of the reporting date.(2)Income and expenses in the statement of profit or loss are translated at average exchange rates for th

190、e period.However,if this average rate is not a reasonable approximation of the cumulative effect of the exchange rates at the dates of the transactions,the transactions are translated at the exchange rates at the dates of transactions.(3)Exchange differences arising on translation in(1)and(2)above a

191、re recognized in other comprehensive income.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-27-2.5 Cash and Cash Equivalents Cash and cash equivalents include cash on hand,deposits held at call with banks,and highly liquid short-term investment assets

192、that are readily convertible to known amounts of cash at the date of acquisition and which are subject to an insignificant risk of changes in value.2.6 Financial Assets (A)Classification Financial instruments are classified based on the business model for managing the financial assets and the contra

193、ctual cash flow characteristics of the financial asset.The Company considers the contractual terms of the relevant financial instrument and assesses whether the contractual cash flows consist solely of payments of principal and interest on the principal amount outstanding.(B)Impairment The Company a

194、ssesses the expected credit losses of debt instruments carried at amortized cost or fair value through other comprehensive income on a forward-looking basis.However,the Company applies the simplified approach for trade receivables,which requires expected credit losses to be recognized over the life

195、of the receivable from initial recognition.2.7 Trade Receivables Trade receivables are recognized at initial transaction price,unless they contain a significant financing component,and are subsequently measured at amortized cost using the effective interest method less any allowance for impairment.2

196、.8 Inventories The Company determines the unit cost of inventories,except for materials in transit,using the average cost method.The cost of finished goods and work in progress comprises raw materials,direct labor,other direct costs and related production overheads based on normal operating capacity

197、,excluding the cost of idle production equipment and scrapping costs.The Company measures inventories at the lower of cost and net realizable value.Net realizable value is the estimated selling price in the ordinary course of business less the applicable variable selling expenses,and reflects the de

198、crease in selling price,the increase in costs to completion,or decrease in value due to excess or obsolete inventory.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-28-2.9 Property,Plant and Equipment Depreciation of property,plant and equipment begins

199、 when assets are considered by management to be available for their intended use,such as in the production of products.The Companys property,plant and equipment is depreciated on a straight-line method over the estimated useful lives of the assets,less any residual values.Land is not depreciated.Cos

200、ts that are directly attributable to the acquisition,construction of a qualifying asset,including capitalized interest costs,are depreciated over the estimated useful lives.The estimated useful lives of property,plant and equipment used by the Company for each asset category are as follows:Estimated

201、 useful lives Buildings and structures 15,30 years Machinery and equipment 5 years Other 5 years 2.10 Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the identifiable net assets of subsidiaries,associates and joint ventures,businesses and other e

202、ntities acquired at the date of acquisition and is recognized as an intangible assets in respect of acquisitions of businesses of subsidiaries and as an investment in associates and joint ventures in respect of acquisitions of interests in associates and joint ventures.Intangible assets,other than g

203、oodwill,are initially recognized at their historical cost and are subsequently stated at cost less accumulated amortization and accumulated impairment losses.Membership rights are regarded as intangible assets with indefinite useful life and not amortized as there are no foreseeable restrictions on

204、their use.However,whenever there is an indication of impairment,such as a decline in the market value of membership rights,a reasonable estimate is made to reflect the impairment.Intangible assets with finite useful lives,such as patents,trademarks and other intangible assets,are amortized on a stra

205、ight-line method over their estimated useful lives.The estimated useful lives of intangible assets used by the Company are as follows:Estimated useful lives Patents,trademarks and other intangible assets 3-25 years 2.11 Financial Liabilities The Company classifies financial liabilities into financia

206、l liabilities at fair value through profit or loss and other financial liabilities and recognizes them on the consolidated statement of financial position when the Company becomes a party to a contract,depending on the substance of the contractual terms.Samsung Electronics Co.,Ltd.and its subsidiari

207、es NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-29-2.12 Employee Benefits The Company operates various types of post-employment benefit plans,including defined benefit plans and defined contribution plans.The defined benefit liability(asset)recognized in the consolidated statement of financial pos

208、ition in respect of defined benefit plans is the present value of the defined benefit obligation at the reporting date less the fair value of plan assets,less any deficit(excess of plan assets over the asset recognition threshold)and is calculated annually by an independent actuary using the project

209、ed unit credit method.2.13 Income Tax Expense The global minimum top-up tax in accordance with the Pilar Two tax legislation is subject to Korean IFRS 1012,Corporate Income Tax.The Company accounts for the amount of global minimum top-up tax as a current tax when it is incurred,and applies the excep

210、tion for the recognition and disclosure of deferred income tax related to the global minimum top-up tax.The Company recognizes deferred tax liabilities for taxable temporary differences associated with investments in subsidiaries,associates and joint ventures,except where the Company is able to cont

211、rol the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future.Deferred tax assets are recognized for deductible temporary differences arising on these assets only to the extent that it is probable that the tempo

212、rary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized.2.14 Derivative Instruments The Company recognizes its rights and obligations under derivative contracts as assets and liabilities at fair value and re

213、cords gains and losses on these contracts in the statement of profit or loss.However,effective portion of changes in the fair value of cash flow hedges are deferred in equity.The Company applies cash flow hedge accounting for hedges of risks including changes in the price of inventories.The effectiv

214、e portion of the change in fair value of a derivative that is designated as a cash flow hedge is recognized in other comprehensive income,while the ineffective portion is recognized in financial income or financial expense.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FI

215、NANCIAL STATEMENTS-30-2.15 Revenue Recognition The Companys revenue primarily represents the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Companys activities.Revenue is net of value-added tax,returns,sales incentives,discounts and others.

216、(A)Identification of performance obligations The Company is required to transfer control of goods and services under contracts with customers.For the export of products and goods under Incoterms Group C terms(such as CIF),the Company recognizes the transportation services(including insurance)provide

217、d after the control of the goods has passed to the customer as a separate performance obligation.(B)Performance obligations satisfied at a point of time The Companys revenue is primarily derived from the sale of goods and is recognized when control of the goods passes to the customer.(C)Performance

218、obligations satisfied over time The Company recognizes revenue over time for sales of software,transportation services,installation services,and etc.where the customer has direct control over the outcome during the performance of the service.(D)Variable consideration The Company provides a variety o

219、f sales promotions including incentives,promotion and sales allowances.Where these sales promotion policies result in variability in the consideration promised to customers,the Company estimates the variable consideration using either the expected value or the most likely amount whichever method the

220、 Company expects to better predict the amount of consideration to which it will be entitled.The estimate of variable consideration is included in transaction price only to the extent that it is highly probable that a significant portion of the cumulative revenue already recognized will not be revers

221、ed when the related uncertainties are resolved.Revenue and contract liabilities are recognized when the related revenue is earned or when the decision to pay the variable consideration to the customer is made,whichever is later.The Company recognizes contract liabilities(refund liabilities)after the

222、 sale of products to customers by estimating the return rate using the expected value methods based on historical experience.When the customer exercises its right to return the product,the Company recognizes the asset as a refund asset and adjusts cost of sales by the amount of the right to collect

223、the product from the customer.The right to collect the product is measured by deducting the cost of collecting the product from the historical carrying amount of the product.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-31-2.16 Leases (A)Lessee accou

224、nting The Company applies the practical expedient of Korean IFRS 1116,Leases,and does not separate the non-lease elements from the lease elements and accounts for the non-lease elements relating to each lease element as a single lease element.At the commencement date of a lease,the Company recognize

225、s a right-of-use asset(the lease asset)representing the right to use the underlying asset and a lease liability representing the obligation to make lease payments.The right-of-use asset is presented in the consolidated statement of financial position as property,plant and equipment and the lease lia

226、bility is presented as current portion of long-term liabilities or long-term borrowings.Lease liabilities are measured at the inception of the lease at the present value of the lease payments outstanding at that date,discounted at the Companys incremental borrowing rate.For short-term leases(lease t

227、erms of 12 months or less at the inception of the lease)and low value assets(underlying assets of USD 5,000 or less),lease payments are recognized as expenses on a straight-line basis over the lease term applying the simplified practical expedient.(B)Lessor accounting The Company,as a lessor,determi

228、nes whether a lease is a finance or an operating lease at the inception of the lease.Leases that transfer substantially all the risk and rewards of ownership of the leased assets are classified as finance leases and all leases other than finance leases are classified as operating leases.Lease income

229、 from operating leases is recognized on a straight-line basis over the lease term,while initial direct costs incurred during the negotiation and contracting phase of an operating lease are added to the carrying amount of the leased asset and expensed over the lease term against the lease income.2.17

230、 Government Grants Government grants relating to revenues are deferred and recognized in the consolidated statement of profit or loss in the same period in which they are matched with revenues or expenses related to the purpose for which the grant was made.Government grants received related to the a

231、cquisition of assets are treated as deferred income and credited to the consolidated statement of profit or loss over the useful lives of the related assets.2.18 Convenience Translation into United States Dollar Amounts The US dollar amounts provided in the consolidated financial statements represen

232、t supplementary information solely for the convenience of the reader.All Korean won amounts are expressed in US dollar at the rate of W1,363.09 to$1,the average exchange rate for the year ended December 31,2024.Such presentation is not in accordance with generally accepted accounting principles and

233、should not be construed as a representation that the Korean won amounts shown could be readily converted,realized or settled in US dollars at this or any other rate.2.19 Approval of the Consolidated Financial Statements The consolidated financial statements of the Company were approved by the Board

234、of Directors on January 31,2025,and may be approved as amended at the Annual General Shareholders Meetings.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-32-3.Material Accounting Estimates and Assumptions The Company makes estimates and assumptions co

235、ncerning the future.Estimates and assumptions are continuously evaluated and are based on historical experience and future events that are reasonably foreseeable under the circumstances.These estimates may differ from actual results.The estimates and assumptions that have the most significant risk o

236、f causing a material adjustment to the carrying amounts of assets and liabilities in the next financial year are as follows.(A)Revenue recognition The Company recognizes a liability for a product return and a right to the returned goods that are expected to be returned by customers following the sal

237、e of products to customers.At the point of sale,the Company estimates the return using the expected value method based on accumulated experience at the portfolio level and the Companys revenue is affected by changes in the expected return.Revenue from the sale of goods recognized at the point of tra

238、nsfer of control is the contractual consideration less consideration paid to customers in relation to certain sales promotion activities.Based on the historical experience and terms of contracts,the Company makes reasonable estimates of the sales deductions which affect the Companys revenue (B)Provi

239、sion for warranty The Company provides warranties for products sold.At the end of each reporting period,the Company recognizes a provision for warranties based on its best estimate of the amount it believes is necessary to provide for future and current warranty obligations.These best estimates are

240、based on historical experience.(C)Fair value of financial instruments The fair value of financial instruments that are not traded in an active market is determined by using various valuation techniques and assumptions based on market conditions prevailing at the end of each reporting period.(D)Impai

241、rment of financial assets In measuring the allowance for impairment losses on financial assets,the Company makes assumptions about the risk of default and expected credit rates.In making these assumptions and selecting the inputs for the impairment calculations,the Company makes judgment based on pa

242、st experience and current and forecast of future economic conditions at the reporting date.(E)Lease In determining the lease term,the Company considers all relevant facts and circumstances that provide an economic incentive to exercise a renewal option,or not to exercise a termination option.The per

243、iod covered by the renewal option(or the period covered by the termination option)is included in the lease term only if it is reasonably certain that the lessee will exercise(or not exercise)the renewal option.The lease term is reassessed when the option is actually exercised(or not exercised)or whe

244、n the Company becomes committed to exercise(or not exercise)the option.The Company only changes its assessment of whether it is reasonably certain the renewal option will be exercised(or not)if there is a significant event or change in circumstances within the lessees control that affects the calcul

245、ation of the lease term.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-33-(F)Net defined benefit liabilities(assets)The net defined benefit liabilities(assets)are dependent on a number of factors which are determined using actuarial methods based on a

246、 number of assumptions.Among the assumptions used to determine the net defined benefit liabilities(assets)is the discount rate,and changes in these assumptions will affect the carrying amount of the net defined benefit liability(asset).At the end of each year the Company determines an appropriate di

247、scount rate,taking into account the interest rates on high-quality corporate bonds,which represents the interest rate that should be used to determine the present value of the estimated future cash outflows expected to be required to settle the net defined benefit liability(asset).Some other key ass

248、umptions relating to the net defined benefit liability(asset)are based on current market conditions.(G)Impairment of goodwill and intangible assets that have indefinite useful life The Company tests goodwill and intangible assets with indefinite useful life for impairment annually.The recoverable am

249、ount of a cash-generating unit or asset,including goodwill,is determined based on a value-in-use calculation.These calculations are based on estimates.(H)Income taxes Income taxes on the Companys taxable income are calculated by applying tax laws and decisions of tax authorities in various countries

250、,and,therefore,there is uncertainty in determining the final tax effect.The Company has recognized current and deferred tax based on its best estimate of the tax consequences expected to be payable in future periods as a result of the Companys operating activities up to the reporting date.However,th

251、e actual future final tax liability may not be consistent with the related assets and liabilities recognized,and such differences may affect the current and deferred tax assets and liabilities when the final tax effect is determined.The Company is subject to additional income taxes,calculated in acc

252、ordance with the method prescribed by tax laws,when a certain amount is not used for investment,wage growth,etcetera,in a given period.The related tax effect is reflected in the measurement of current and deferred income taxes for the period,and the amount of income tax payable by the Company depend

253、s on the level of investment,wage growth,etcetera in each year,resulting in uncertainty in determining the final tax effects.The Company assesses uncertainty over its tax positions and,if the Company concludes that it is not probably that the tax authorities will accept an uncertain tax position,the

254、 effect of the uncertainty is recognized in the consolidated financial statements for each uncertain tax position using the method that is expected to provide a better estimate of the resolution of the uncertainty,which is more likely of the following methods.(1)Most likely amount:the single most pr

255、obable amount within a range of possible outcomes.(2)Expected value:the sum of the probability-weighted amounts in a range of possible outcomes.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-34-4.Financial Instruments by Category (A)Categorizations of

256、 financial assets and liabilities as of December 31,2024 and 2023 are as follows:(1)As of December 31,2024 (In millions of Korean won)Financial assets measured at amortized cost Financial assets measured at fair value through other comprehensive income Financial assets measured at fair value through

257、 profit or loss Other financial assets(*)Total Financial assets Cash and cash equivalents 53,705,579-53,705,579 Short-term financial instruments 58,909,334-58,909,334 Short-term financial assets at fair value through profit or loss-36,877-36,877 Trade receivables 43,623,073-43,623,073 Financial asse

258、ts at fair value through other comprehensive income -10,580,932-10,580,932 Financial assets at fair value through profit or loss -1,175,749-1,175,749 Other 14,378,224-476,394 44,262 14,898,880 Total 170,616,210 10,580,932 1,689,020 44,262 182,930,424 (*)Other financial assets include derivatives des

259、ignated as hedging instruments.(In millions of Korean won)Financial liabilities measured at amortized cost Financial liabilities measured at fair value through profit or loss Other financial liabilities(*)Total Financial liabilities Trade payables 12,370,177-12,370,177 Short-term borrowings 338,058-

260、12,834,446 13,172,504 Other payables 17,390,861-17,390,861 Current portion of long-term liabilities 1,106,764-1,100,526 2,207,290 Debentures 14,530-14,530 Long-term borrowings 6,537-3,929,323 3,935,860 Long-term other payables 4,779,141-4,779,141 Other 13,698,485 36,795 57,764 13,793,044 Total 49,70

261、4,553 36,795 17,922,059 67,663,407 (*)Other financial liabilities include lease liabilities,which are not subject to categorization,collateralized borrowings and derivatives designated as hedging instruments.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEME

262、NTS-35-(2)As of December 31,2023 (In millions of Korean won)Financial assets measured at amortized cost Financial assets measured at fair value through other comprehensive income Financial assets measured at fair value through profit or loss Other financial assets(*)Total Financial assets Cash and c

263、ash equivalents 69,080,893-69,080,893 Short-term financial instruments 22,690,924-22,690,924 Short-term financial assets at amortized cost 608,281-608,281 Short-term financial assets at fair value through profit or loss-27,112-27,112 Trade receivables 36,647,393-36,647,393 Financial assets at fair v

264、alue through other comprehensive income -7,481,297-7,481,297 Financial assets at fair value through profit or loss -1,431,394-1,431,394 Other 14,294,254-475,244 70,777 14,840,275 Total 143,321,745 7,481,297 1,933,750 70,777 152,807,569 (*)Other financial assets include derivatives designated as hedg

265、ing instruments.(In millions of Korean won)Financial liabilities measured at amortized cost Financial liabilities measured at fair value through profit or loss Other financial liabilities(*)Total Financial liabilities Trade payables 11,319,824 -11,319,824 Short-term borrowings 504,552 -6,610,049 7,1

266、14,601 Other payables 13,996,395 -13,996,395 Current portion of long-term liabilities 310,436 -998,439 1,308,875 Debentures 537,618 -537,618 Long-term borrowings-3,724,850 3,724,850 Long-term other payables 4,907,875 -4,907,875 Other 11,330,545 49,904 33,559 11,414,008 Total 42,907,245 49,904 11,366

267、,897 54,324,046 (*)Other financial liabilities include lease liabilities,which are not subject to categorization,collateralized borrowings and derivatives designated as hedging instruments.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-36-(B)Net gains

268、 or losses on each category of financial assets and liabilities for the years ended December 31,2024 and 2023 are as follows:(1)2024 (In millions of Korean won)Financial assets measured at amortized cost Financial assets measured at fair value through other comprehensive income Financial assets meas

269、ured at fair value through profit or loss Other financial assets(*)Total Financial assets Gain on valuation (other comprehensive income)-2,300,166 -39,303 2,339,469 Gain(loss)on valuation/disposal(profit or loss)(111,124)-144,453 (4,524)28,805 Reclassification from other comprehensive income to prof

270、it or loss-(4,590)(4,590)Interest income 4,818,923 -205 -4,819,128 Foreign exchange differences (profit or loss)1,415,673 -1,415,673 Dividend income-133,681 1,271 -134,952 Impairment(profit or loss)(64,352)-(64,352)(*)Other financial assets include derivatives designated as hedging instruments.(In m

271、illions of Korean won)Financial liabilities measured at amortized cost Financial liabilities measured at fair value through profit or loss Other financial liabilities(*)Total Financial liabilities Loss on valuation (other comprehensive income)-(48,540)(48,540)Gain on valuation/disposal (profit or lo

272、ss)-66,514 5,587 72,101 Reclassification from other comprehensive income to profit or loss-5,669 5,669 Interest expense(176,503)-(727,415)(903,918)Foreign exchange differences (profit or loss)(1,169,716)-(161,064)(1,330,780)(*)Other financial liabilities include lease liabilities,which are not subje

273、ct to categorization,collateralized borrowings and derivatives designated as hedging instruments.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-37-(2)2023 (In millions of Korean won)Financial assets measured at amortized cost Financial assets measured

274、 at fair value through other comprehensive income Financial assets measured at fair value through profit or loss Other financial assets(*)Total Financial assets Gain on valuation (other comprehensive income)-1,481,091 -58,290 1,539,381 Gain(loss)on valuation/disposal(profit or loss)(64,758)-213,308

275、436 148,986 Reclassification from other comprehensive income to profit or loss-1,169 1,169 Interest income 4,357,792 -230 -4,358,022 Foreign exchange differences (profit or loss)(98,522)-(98,522)Dividend income-161,509 2,694 -164,203 Impairment(profit or loss)(74,594)-(74,594)(*)Other financial asse

276、ts include derivatives designated as hedging instruments.(In millions of Korean won)Financial liabilities measured at amortized cost Financial liabilities measured at fair value through profit or loss Other financial liabilities(*)Total Financial liabilities Loss on valuation (other comprehensive lo

277、ss)-(16,809)(16,809)Loss on valuation/disposal (profit or loss)-(116,167)(126)(116,293)Reclassification from other comprehensive income to profit or loss-(337)(337)Interest expense(510,865)-(419,388)(930,253)Foreign exchange differences (profit or loss)162,844 -61,920 224,764 (*)Other financial liab

278、ilities include lease liabilities,which are not subject to categorization,collateralized borrowings and derivatives designated as hedging instruments Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-38-5.Transfer of Financial Assets The Company discount

279、ed trade receivables through factoring arrangements with banks during the years ended December 31,2024 and 2023.Trade receivables provided as collaterals in factoring transactions have not been derecognized as they do not meet the requirements for derecognition of financial assets as the Company ret

280、ains substantially all the risks and rewards,including the recourse in the event of default by the debtor.Financial liabilities recognized in these transactions are classified as short-term borrowings on the consolidated statement of financial position(refer to Note 12).The carrying amount of the di

281、scounted trade receivables and the associated liabilities as of December 31,2024 and 2023 are as follows:(In millions of Korean won)December 31,2024 December 31,2023 Carrying amount of the discounted trade receivables(*)12,834,446 6,610,049 Carrying amount of the associated liabilities 12,834,446 6,

282、610,049 (*)Discounted trade receivables includes trade receivables between consolidated entities.6.Financial Assets at Fair Value (A)Details of financial assets at fair value as of December 31,2024 and 2023 are as follows:(1)Financial assets at fair value through other comprehensive income (In milli

283、ons of Korean won)December 31,2024 December 31,2023 Non-current Equity instruments 10,580,932 7,481,297 (2)Financial assets at fair value through profit or loss (In millions of Korean won)December 31,2024 December 31,2023 Current Debt instruments 36,877 27,112 Non-current Equity instruments 544,374

284、812,358 Debt instruments 631,375 619,036 Subtotal 1,175,749 1,431,394 Total 1,212,626 1,458,506 Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-39-(B)Changes in financial assets at fair value for the years ended December 31,2024 and 2023 are as follows

285、:(1)Financial assets at fair value through other comprehensive income (In millions of Korean won)2024 2023 Balance as of January 1 7,481,297 11,397,012 Acquisition 182,655 124,897 Disposal(409,434)(5,918,616)Fair value valuation gain 3,106,853 1,548,022 Other 219,561 329,982 Balance as of December 3

286、1 10,580,932 7,481,297 (2)Financial assets at fair value through profit or loss (In millions of Korean won)2024 2023 Balance as of January 1 1,431,394 1,405,468 Acquisition 74,699 146,392 Disposal(343,374)(81,113)Fair value valuation loss(26,515)(38,110)Other 39,545 (1,243)Balance as of December 31

287、1,175,749 1,431,394 (C)Changes in gain(loss)on valuation of financial assets at fair value through other comprehensive income for the years ended December 31,2024 and 2023 are as follows:(In millions of Korean won)2024 2023 Balance as of January 1 249,121 3,636,478 Fair value valuation gain 2,571,07

288、6 1,548,022 Reclassification to retained earnings due to disposals(49,887)(4,935,379)Balance as of December 31 2,770,310 249,121 Income tax effects on equity(614,995)(54,702)Total 2,155,315 194,419 Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-40-(D)

289、Details of listed equity securities of financial assets at fair value as of December 31,2024 and 2023 are as follows:(In millions of Korean won,number of shares and percentage)December 31,2024 December 31,2023 Number of shares owned Percentage of ownership(*)(%)Acquisition cost Carrying amount(Marke

290、t value)Carrying amount(Market value)Samsung Heavy Industries Co.,Ltd.134,027,281 15.2 932,158 1,514,508 1,038,711 Hotel Shilla Co.,Ltd.2,004,717 5.1 13,957 73,974 131,108 iMarketKorea Inc.647,320 1.9 324 5,179 5,560 Wonik Holdings Co.,Ltd.3,518,342 4.6 30,821 8,972 11,857 Wonik IPS Co.,Ltd.3,701,87

291、2 7.5 32,428 82,737 125,679 Wacom Co.,Ltd.8,398,400 5.8 62,013 57,021 50,358 Corning Incorporated 74,000,000 8.6 3,831,362 5,169,226 3,140,978 Other 557,554 861,115 1,093,963 Total 5,460,617 7,772,732 5,598,214 (*)Ownership represents the Companys ownership of the ordinary shares issued by each enti

292、ty.7.Trade and Non-Trade Receivables (A)Trade and non-trade receivables as of December 31,2024 and 2023 are as follows:December 31,2024 December 31,2023(In millions of Korean won)Trade Non-trade Trade Non-trade Receivables 44,071,714 10,491,746 37,026,738 7,474,967 Less:Loss allowance(421,000)(84,94

293、5)(355,456)(82,224)Subtotal 43,650,714 10,406,801 36,671,282 7,392,743 Less:Non-current (27,641)(783,827)(23,889)(759,495)Current 43,623,073 9,622,974 36,647,393 6,633,248 (B)Movements in the loss allowance for receivables for the years ended December 31,2024 and 2023 are as follows:2024 2023(In mil

294、lions of Korean won)Trade Non-trade Trade Non-trade Balance as of January 1 355,456 82,224 312,221 78,101 Bad debt expense(reversal)61,705 1,413 62,964 (297)Write-off(9,404)(3,458)(18,875)(124)Other 13,243 4,766 (854)4,544 Balance as of December 31 421,000 84,945 355,456 82,224 Samsung Electronics C

295、o.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-41-(C)The details of trade and non-trade receivables classified by past due date for the purpose of measuring expected credit losses as of December 31,2024 and 2023 are as follows:December 31,2024 December 31,2023(In millions

296、 of Korean won)Trade Non-trade Trade Non-trade Receivables not past due 40,986,584 10,089,887 33,633,006 7,077,413 Past due:Less than 31 days past due(*)2,619,575 253,962 2,262,296 269,390 31 days to 90 days past due 124,204 24,623 478,371 15,369 More than 90 days past due 341,351 123,274 653,065 11

297、2,795 Subtotal 3,085,130 401,859 3,393,732 397,554 Total 44,071,714 10,491,746 37,026,738 7,474,967 (*)The Company does not consider the credit risk of non-trade receivables that are overdue for less than or equal to 31 days has been significantly increased.(D)The maximum exposure to current credit

298、risk is equivalent to the carrying amount of receivables as of December 31,2024.The Company has entered into insurance contracts with insurers for its major receivables.8.Inventories Inventories as of December 31,2024 and 2023 are as follows:December 31,2024 December 31,2023(In millions of Korean wo

299、n)Gross amount Valuation allowance Carrying amount Gross amount Valuation allowance Carrying amount Finished goods 15,061,526 (1,219,250)13,842,276 16,120,367 (1,567,353)14,553,014 Work in process 24,808,183 (2,467,701)22,340,482 26,501,664 (4,303,216)22,198,448 Raw materials and supplies 15,442,327

300、 (1,296,048)14,146,279 15,222,937 (1,525,583)13,697,354 Materials in transit 1,425,828 -1,425,828 1,177,058 -1,177,058 Total 56,737,864 (4,982,999)51,754,865 59,022,026 (7,396,152)51,625,874 Inventories recognized as an expense for the year ended December 31,2024 amount to W181,242,363 million and 2

301、023:W177,539,372 million,respectively.The amount includes a loss on the valuation of inventories.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-42-9.Investments in Associates and Joint Ventures (A)Changes in investments in associates and joint venture

302、s for the years ended December 31,2024 and 2023 are as follows:(In millions of Korean won)2024 2023 Balance as of January 1 11,767,444 10,893,869 Acquisition 11,710 78,690 Disposal(33,208)(33,464)Share of profit 751,044 887,550 Other(*)95,127 (59,201)Balance as of December 31 12,592,117 11,767,444 (

303、*)Other consists of dividends,(reversal of)impairment,and reclassification.(B)Major investments in associates and joint ventures as of December 31,2024 are as follows:(1)Investments in associates Investee Nature of relationship with associate Percentage of ownership(%)(*1)Principal business location

304、 Fiscal period-end Samsung Electro-Mechanics Co.,Ltd.Manufacture and supply electronic components including passive components,circuit boards,and modules 23.7 Korea December Samsung SDS Co.,Ltd.Provide Information Technology services including computer programming,system integration and management a

305、nd logistical services 22.6 Korea December Samsung Biologics Co.,Ltd.Investment in new business 31.2 Korea December Samsung SDI Co.,Ltd.(*2)Manufacture and supply electronic parts including secondary cell batteries 19.6 Korea December Cheil Worldwide,Inc.Advertising agency 25.2 Korea December(*1)Own

306、ership represents the Companys ownership of the ordinary shares issued by each entity.(*2)The Companys ownership of ordinary shares outstanding is 20.6%.(2)Investments in joint ventures Investee Nature of relationship with joint venture Percentage of ownership(%)(*1)Principal business location Fisca

307、l period-end Samsung Corning Advanced Glass,LLC Manufacture and supply industrial glass products 50.0 Korea December(*1)Ownership represents the Companys ownership of the ordinary shares issued by each entity.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEM

308、ENTS-43-(C)Details of investments in associates and joint ventures as of December 31,2024 and 2023 are as follows:(1)Investments in associates(In millions of Korean won)December 31,2024 Investee Acquisition cost Net asset value of equity shares(*)Carrying amount Samsung Electro-Mechanics Co.,Ltd.359

309、,237 2,058,412 2,067,669 Samsung SDS Co.,Ltd.147,963 2,108,195 2,120,417 Samsung Biologics Co.,Ltd.1,424,358 3,403,947 3,406,062 Samsung SDI Co.,Ltd.1,242,605 3,979,333 2,923,991 Cheil Worldwide,Inc.506,162 418,029 718,561 Other 674,721 844,623 1,131,648 Total 4,355,046 12,812,539 12,368,348 (*)The

310、Companys portion of net asset value of associates is based on the Companys percentage of ownership.(In millions of Korean won)December 31,2023 Investee Acquisition cost Net asset value of equity shares(*)Carrying amount Samsung Electro-Mechanics Co.,Ltd.359,237 1,837,925 1,841,393 Samsung SDS Co.,Lt

311、d.147,963 1,955,699 1,966,206 Samsung Biologics Co.,Ltd.1,424,358 3,068,636 3,073,595 Samsung SDI Co.,Ltd.1,242,605 3,726,675 2,912,564 Cheil Worldwide,Inc.506,162 368,875 669,363 Other 690,481 844,645 1,093,799 Total 4,370,806 11,802,455 11,556,920 (*)The Companys portion of net asset value of asso

312、ciates is based on the Companys percentage of ownership.(2)Investments in joint ventures (In millions of Korean won)December 31,2024 Investee Acquisition cost Net asset value of equity shares(*)Carrying amount Samsung Corning Advanced Glass LLC 215,000 143,198 143,178 Other 259,994 74,075 80,591 Tot

313、al 474,994 217,273 223,769 (*)The Companys portion of net asset value of joint ventures is based on the Companys percentage of ownership.(In millions of Korean won)December 31,2023 Investee Acquisition cost Net asset value of equity shares(*)Carrying amount Samsung Corning Advanced Glass LLC 215,000

314、 138,939 138,938 Other 259,994 72,215 71,586 Total 474,994 211,154 210,524 (*)The Companys portion of net asset value of joint ventures is based on the Companys percentage of ownership.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-44-(D)Details of th

315、e changes in investments in associates and joint ventures using the equity method are as follows:(1)For the year ended December 31,2024 (In millions of Korean won)Balance as of January 1 Share of profit Share of other comprehensive income(loss)Other(*)Balance as of December 31 Samsung Electro-Mechan

316、ics Co.,Ltd.1,841,393 164,841 81,782 (20,347)2,067,669 Samsung SDS Co.,Ltd.1,966,206 172,708 28,678 (47,175)2,120,417 Samsung Biologics Co.,Ltd.3,073,595 336,256 (3,789)-3,406,062 Samsung SDI Co.,Ltd.2,912,564 (37,454)62,344 (13,463)2,923,991 Cheil Worldwide,Inc.669,363 59,476 21,954 (32,232)718,561

317、 Samsung Corning Advanced Glass LLC 138,938 4,389 (130)(19)143,178 Other 1,165,385 50,828 42,908 (46,882)1,212,239 Total 11,767,444 751,044 233,747 (160,118)12,592,117 (*)Other includes acquisitions,disposals,and dividends.(2)For the year ended December 31,2023 (In millions of Korean won)Balance as

318、of January 1 Share of profit Share of other comprehensive income(loss)Other(*)Balance as of December 31 Samsung Electro-Mechanics Co.,Ltd.1,764,249 106,455 7,844 (37,155)1,841,393 Samsung SDS Co.,Ltd.1,870,338 154,282 (2,503)(55,911)1,966,206 Samsung Biologics Co.,Ltd.2,808,673 267,614 (2,692)-3,073

319、,595 Samsung SDI Co.,Ltd.2,691,223 214,702 20,506 (13,867)2,912,564 Cheil Worldwide,Inc.649,161 53,690 (94)(33,394)669,363 Samsung Corning Advanced Glass LLC 137,745 1,336 (124)(19)138,938 Other 972,480 89,471 52,175 51,259 1,165,385 Total 10,893,869 887,550 75,112 (89,087)11,767,444 (*)Other includ

320、es acquisitions,disposals,and dividends.Samsung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-45-(E)Summary of the condensed financial information of major associates and joint ventures (1)Summary of condensed financial information of major associates and di

321、vidends received from associates as of December 31,2024 and 2023 and for the years then ended are as follows:2024(In millions of Korean won)Samsung Electro-Mechanics Co.,Ltd.Samsung SDS Co.,Ltd.Samsung Biologics Co.,Ltd.Samsung SDI Co.,Ltd.Cheil Worldwide,Inc.1.Condensed financial information Conden

322、sed statements of financial position:Current assets 5,891,746 9,003,787 5,518,118 10,334,313 2,754,194 Non-current assets 6,900,656 4,234,543 11,818,179 30,263,032 568,459 Current liabilities 3,056,861 2,495,409 3,853,188 10,855,694 1,594,190 Non-current liabilities 719,688 1,037,472 2,578,432 8,174

323、,413 251,659 Non-controlling interests 226,693 372,330 -1,800,842 18,806 Condensed statements of comprehensive income:Revenue 10,294,103 13,828,232 4,547,322 16,592,249 4,344,257 Profit from continuing operations,net of tax(*1)640,865 756,997 1,083,316 544,239 207,515 Profit from discontinued operat

324、ions,net of tax(*1)38,265 -55,051 -Other comprehensive income(loss)(*1)349,340 144,625 (9,132)722,676 76,571 Total comprehensive income(*1)1,028,470 901,622 1,074,184 1,321,966 284,086 2.Reconciliation to the carrying amount of investments in associates Net assets(a)8,789,161 9,333,119 10,904,676 19

325、,766,396 1,457,998 Ownership percentage(b)(*2)23.4%22.6%31.2%20.1%28.7%Net assets of equity shares(a x b)2,058,412 2,108,195 3,403,947 3,979,333 418,029 Goodwill 7,081 26,801 3,645 -298,779 Intercompany transactions and other(*3)2,176 (14,579)(1,530)(1,055,342)1,753 Carrying amount of associates 2,0

326、67,669 2,120,417 3,406,062 2,923,991 718,561 3.Dividends from associates Dividends 20,347 47,175 -13,463 32,232 (*1)Profit(loss)attributable to owners of the investee.(*2)Ownership percentage includes ordinary and preference shares.(*3)Consists of unrealized gains and losses and other differences.Sa

327、msung Electronics Co.,Ltd.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-46-2023(In millions of Korean won)Samsung Electro-Mechanics Co.,Ltd.Samsung SDS Co.,Ltd.Samsung Biologics Co.,Ltd.Samsung SDI Co.,Ltd.Cheil Worldwide,Inc.1.Condensed financial information Condensed statemen

328、ts of financial position:Current assets 5,208,418 8,160,300 5,521,988 9,187,029 2,372,420 Non-current assets 6,449,453 4,160,724 10,524,209 24,851,831 517,085 Current liabilities 2,900,460 2,391,861 4,157,861 8,518,933 1,375,034 Non-current liabilities 727,087 953,592 2,057,844 5,612,677 216,707 Non

329、-controlling interests 182,613 317,562-1,395,877 11,206 Condensed statements of comprehensive income:Revenue 8,892,412 13,276,844 3,694,589 21,436,788 4,138,275 Profit from continuing operations,net of tax(*1)449,857 693,422 857,691 1,921,820 187,302 Profit(loss)from discontinued operations,net of t

330、ax(*1)(26,900)-87,387 -Other comprehensive income(loss)(*1)45,053 (11,085)(11,673)85,394 3,685 Total comprehensive income(*1)468,010 682,337 846,018 2,094,601 190,987 2.Reconciliation to the carrying amount of investments in associates Net assets(a)7,847,711 8,658,009 9,830,492 18,511,373 1,286,558

331、Ownership percentage(b)(*2)23.4%22.6%31.2%20.1%28.7%Net assets of equity shares(a x b)1,837,925 1,955,699 3,068,636 3,726,675 368,875 Goodwill 7,081 26,801 3,645 -298,779 Intercompany transactions and other(*3)(3,613)(16,294)1,314 (814,111)1,709 Carrying amount of associates 1,841,393 1,966,206 3,07

332、3,595 2,912,564 669,363 3.Dividends from associates Dividends 37,155 55,911-13,867 33,394(*1)Profit(loss)attributable to owners of the investee.(*2)Ownership percentage includes ordinary and preference shares.(*3)Consists of unrealized gains and losses and other differences.Samsung Electronics Co.,L

333、td.and its subsidiaries NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS-47-(2)Summary of condensed financial information of major joint ventures and dividends received from joint ventures as of December 31,2024 and 2023 and for the years then ended are as follows:Samsung Corning Advanced Glass,LLC(In millions of Korean won)2024 2023 1.Condensed financial information Condensed statements of financia