BALANCE SHEET

US Dollars ECU
Won Won
(Thousands) (Thousands)
At Year-End (Millions) (Millions)
1998 1998
1997 1998
(W1,207.8/$) (W1,410.47/ECU)
Current assets
Cash and
bank 6,297,761 5,975,362 4,947,311 4,236,433
deposits
Marketable
13,019,140 7,554,227 6,254,534 5,355,823
securities
Notes
receivable
and 10,063,960 7,540,086 6,242,827 5,345,797
account
receivable
Inventories 5,152,568 4,285,857 3,548,482 3,038,602
Others 27,356,215 27,383,017 22,671,814 19,414,108
Total
current 61,889,644 52,738,549 43,664,968 37,390,763
assets
Investments 10,831,920 25,210,024 20,872,681 17,873,492
Non-Current assets
Land 4,969,007 6,656,643 5,511,379 4,719,450
Less
accumulated
depreciation
7,565,304 10,149,780 8,403,527 7,196,027
of Building
and
structures
Machinery
and 7,849,360 10,266,352 8,500,043 7,278,674
equipment
Construction
7,597,608 2,701,125 2,236,401 1,915,053
in progress
Others 957,618 978,544 810,187 693,772
Total non-
current 28,938,897 30,752,444 25,461,537 21,802,976
assets
Other assets 4,803,888 1,816,976 1,504,368 1,288,206
Total 106,464,349 110,517,993 91,503,554 78,355,437
Current liabilities
Notes
886,785 354,664 293,645 251,451
payable
 Trade
accounts 3,211,735 3,051,286 2,526,317 2,163,312
payable
Short-term
13,722,329 8,833,753 7,313,920 6,262,985
loans
Current
portion of
37,709,244 41,231,647 34,137,810 29,232,559
long-term
debt
Advances
from 1,999,927 1,721,317 1,425,167 1,220,385
customers
Others 5,711,983 11,525,938 9,542,920 8,171,700
Total
current 63,242,003 66,718,605 55,239,779 47,302,392
liabilities
Non-current liabilities
Debentures 9,588,083 15,649,218 12,956,796 11,095,038
Long-term
11,711,756 6,431,031 5,324,583 4,559,495
debt
Reserves 2,336,205 1,357,933 1,124,303 962,752
Others 5,015,203 906,163 750,259 642,455
Total non-
current 28,651,247 24,344,345 20,155,941 17,259,740
liabilities
Other
16,975 7,367 6,099 5,223
liabilities
Stockholder's equity
Capital
4,409,777 5,893,817 4,879,795 4,178,619
stock
Capital
5,320,876 8,099,146 6,705,701 5,742,161
surplus
Retained
5,261,844 5,692,145 4,712,821 4,035,637
earnings
Capital
-438,373 -237,432 -196,582 -168,335
adjustment
Total
stockholder's 14,554,124 19,447,676 16,101,735 13,788,082
equity
Total 106,464,349 110,517,993 91,503,554 78,355,437