Samsung 2014 Annual Report Download - page 72

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Financial Statements
(B) Major investments in associates and joint ventures as at December 31, 2014, are as follows:
(1) Investments in associates
Investee Nature of Relationship with Associate Percentage of Ownership1 (%)Principal Business Location
Samsung Card Business alliance 37.5 Korea
Samsung Electro-Mechanics Manufacture and supply electronic components including
passive component, circuit board, and module
23.7 Korea
Samsung SDS Provide IT services including computer programming,
system integration and management 22.6 Korea
Samsung Techwin2Manufacture and supply engine and precision machines 25.5 Korea
1 Ownership represents the Group’s ownership of common stock in each entity.
2 During the year ended December 31, 2014, the Group’s investment in Samsung Techwin met the asset held-for-sale classification criterion and was reclassified accordingly.
(2) Investments in joint ventures
Investee Nature of Relationship with Joint Venture Percentage of Ownership1 (%)Principal Business Location
Samsung Corning Advanced Glass Manufacture and supply other industrial glass devices 50.0 Korea
1 Ownership represents the Group’s ownership of common stock in each entity.
(C) Details of investments in associates and joint ventures as at December 31, 2014 and 2013, are as follows:
(1) Investments in associates (In millions of Korean won)
Investee 2014
Acquisition cost Net asset value of equity shares1Book value
Samsung Card ₩1,538,540 ₩2,393,185 ₩2,354,026
Samsung Electro-Mechanics 359,237 1,038,184 1,040,404
Samsung SDS 147,963 928,548 951,776
Other 745,568 485,330 623,480
Total ₩2,791,308 ₩4,845,247 ₩4,969,686
(In millions of Korean won)
Investee 2013
Acquisition cost Net asset value of equity shares1Book value
Samsung Card ₩1,538,540 ₩2,322,897 ₩2,340,009
Samsung Electro-Mechanics 359,237 951,693 954,496
Samsung SDI 423,722 1,451,770 1,175,204
Samsung SDS 147,963 858,671 879,956
Samsung Techwin 174,531 433,624 402,745
Other 582,646 375,959 548,553
Total ₩3,226,639 ₩6,394,614 ₩6,300,963
1 Group’s portion of net asset value of joint ventures is based on the Group’s ownership percentage.