(b) | Significant transactions such as sales of goods and purchases of raw material and outsourcing service and others, which occurred in the normal course of business with related parties for the years ended December 31, 2015, 2016 and 2017 are as follows: |
(In millions of won) | 2015 | |||||||||||||||||||||||
Purchase and others | ||||||||||||||||||||||||
Sales and others |
Dividend income |
Purchase of raw material and others |
Acquisition of property, plant and equipment |
Outsourcing fees |
Other costs | |||||||||||||||||||
Joint Venture |
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Suzhou Raken Technology Co., Ltd. |
143,125 | — | — | — | — | 361 | ||||||||||||||||||
Associates and their subsidiaries |
||||||||||||||||||||||||
New Optics Ltd. |
92 | — | 47,404 | — | 5,880 | 441 | ||||||||||||||||||
New Optics USA, Inc. |
— | — | — | — | 29,475 | — | ||||||||||||||||||
INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) |
9 | — | 49 | 42,007 | — | 122 |
(In millions of won) | 2015 | |||||||||||||||||||||||
Purchase and others | ||||||||||||||||||||||||
Sales and others |
Dividend income |
Purchase of raw material and others |
Acquisition of property, plant and equipment |
Outsourcing fees |
Other costs | |||||||||||||||||||
TLI Inc. |
— | 101 | 84,732 | — | — | 929 | ||||||||||||||||||
AVACO Co., Ltd. |
— | 128 | 1,826 | 82,797 | — | 6,223 | ||||||||||||||||||
AVATEC Co., Ltd. |
— | 530 | 278 | — | 52,097 | 1,599 | ||||||||||||||||||
AVATEC Electronics Yantai Co., Ltd. |
— | — | — | — | — | 761 | ||||||||||||||||||
Paju Electric Glass Co., Ltd. |
— | 24,058 | 425,314 | — | — | 2,772 | ||||||||||||||||||
Shinbo Electric Co., Ltd. |
284,255 | — | 473,484 | — | 97,736 | 83 | ||||||||||||||||||
Narenanotech Corporation |
3 | — | 634 | 20,515 | — | 643 | ||||||||||||||||||
Glonix Co., Ltd. |
8 | — | 4,581 | — | — | 227 | ||||||||||||||||||
ADP System Co., Ltd. |
— | — | 2,465 | 2,853 | — | 629 | ||||||||||||||||||
YAS Co., Ltd. |
9 | — | 810 | 20,324 | — | 974 | ||||||||||||||||||
LB Gemini New Growth Fund No. 16 |
— | 760 | — | — | — | — | ||||||||||||||||||
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284,376 | 25,577 | 1,041,577 | 168,496 | 185,188 | 15,403 | |||||||||||||||||||
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Entity that has significant influence over the Controlling Company |
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LG Electronics Inc. |
1,694,039 | — | 39,791 | 255,046 | — | 133,536 | ||||||||||||||||||
Subsidiaries of the entity that has significant influence over the Controlling Company |
||||||||||||||||||||||||
LG Electronics India Pvt. Ltd. |
156,428 | — | — | — | — | 131 | ||||||||||||||||||
LG Electronics Vietnam Haiphong Co., Ltd. |
95,626 | — | — | — | — | — | ||||||||||||||||||
LG Electronics Thailand Co., Ltd. |
12,902 | — | — | — | — | 188 | ||||||||||||||||||
LG Electronics Nanjing Display Co., Ltd. |
182,302 | — | — | — | — | 2,200 |
(In millions of won) | 2015 | |||||||||||||||||||||||
Purchase and others | ||||||||||||||||||||||||
Sales and others |
Dividend income |
Purchase of raw material and others |
Acquisition of property, plant and equipment |
Outsourcing fees |
Other costs | |||||||||||||||||||
LG Electronics RUS, LLC |
198,897 | — | — | — | — | 420 | ||||||||||||||||||
LG Electronics do Brasil Ltda. |
298,679 | — | — | — | — | 490 | ||||||||||||||||||
LG Electronics (Kunshan) Computer Co., Ltd. |
9,282 | — | — | — | — | — | ||||||||||||||||||
LG Innotek Co., Ltd. |
5,647 | — | 299,033 | — | — | 44,691 | ||||||||||||||||||
Qingdao LG Inspur Digital Communication Co., Ltd. |
271,405 | — | — | — | — | — | ||||||||||||||||||
Inspur LG Digital Mobile Communications Co., Ltd. |
286,420 | — | — | — | — | — | ||||||||||||||||||
LG Electronics Mexicali, S.A. DE C.V. |
160,842 | — | — | — | — | — | ||||||||||||||||||
LG Electronics Mlawa Sp. z o.o. |
448,468 | — | — | — | — | 1,371 | ||||||||||||||||||
LG Electronics Shenyang Inc. |
109,844 | — | — | — | — | 4 | ||||||||||||||||||
LG Electronics Taiwan Taipei Co., Ltd. |
13,050 | — | — | — | — | — | ||||||||||||||||||
LG Electronics Wroclaw Sp. z o.o. |
523,623 | — | — | — | — | 298 | ||||||||||||||||||
LG Hitachi Water Solutions Co., Ltd. |
— | — | — | 40,436 | — | 5,664 | ||||||||||||||||||
LG Electronics Reynosa, S.A. DE C.V. |
1,020,471 | — | — | — | — | 9 | ||||||||||||||||||
Hi Entech Co., Ltd. |
— | — | — | — | — | 24,963 | ||||||||||||||||||
Hi Logistics Co., Ltd. |
34 | — | — | — | — | 24,832 | ||||||||||||||||||
Hi Logistics (China) Co., Ltd. |
— | — | — | — | — | 7,183 | ||||||||||||||||||
Hientech (Tianjin) Co., Ltd. |
— | — | — | — | — | 19,149 | ||||||||||||||||||
LG Electronics U.S.A., Inc. |
5,305 | — | — | — | — | 868 | ||||||||||||||||||
Others |
12 | — | 2 | — | — | 8,567 | ||||||||||||||||||
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3,799,237 | — | 299,035 | 40,436 | — | 141,028 | |||||||||||||||||||
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5,920,777 | 25,577 | 1,380,403 | 463,978 | 185,188 | 290,328 | |||||||||||||||||||
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(In millions of won) | 2016 | |||||||||||||||||||||||
Sales and others |
Purchase and others | |||||||||||||||||||||||
Dividend income |
Purchase of raw material and others |
Acquisition of property, plant and equipment |
Outsourcing fees |
Other costs | ||||||||||||||||||||
Joint Venture |
||||||||||||||||||||||||
Suzhou Raken Technology Co., Ltd.(*1) |
59,388 | 29,902 | — | — | — | 543 | ||||||||||||||||||
Associates and their subsidiaries |
||||||||||||||||||||||||
New Optics Ltd. |
2,469 | — | 50,372 | — | 7,569 | 255 | ||||||||||||||||||
New Optics USA, Inc. |
— | — | — | — | 509 | — | ||||||||||||||||||
NEWOPTIX RS. SA DE CV |
33 | — | — | — | — | — | ||||||||||||||||||
INVENIA Co., Ltd. |
54 | — | 1,429 | 48,398 | — | 261 | ||||||||||||||||||
TLI Inc.(*2) |
— | 101 | 57,429 | — | — | 2,238 | ||||||||||||||||||
AVACO Co., Ltd.(*2) |
— | 128 | 703 | 31,299 | — | 1,373 | ||||||||||||||||||
AVATEC Co., Ltd. |
— | 265 | — | — | 70,196 | 1,027 | ||||||||||||||||||
Paju Electric Glass Co., Ltd. |
— | 21,030 | 453,463 | — | — | 3,674 | ||||||||||||||||||
Shinbo Electric Co., Ltd. |
204,637 | — | 355,607 | — | 2,449 | 1,097 | ||||||||||||||||||
Narenanotech Corporation |
17 | — | 513 | 24,821 | — | 909 | ||||||||||||||||||
WooRee E&L Co., Ltd. |
— | — | — | — | — | 32 | ||||||||||||||||||
YAS Co., Ltd. |
44 | — | 2,076 | 80,836 | — | 1,758 | ||||||||||||||||||
LB Gemini New Growth Fund No. 16 |
— | 8,394 | — | — | — | — | ||||||||||||||||||
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207,254 | 29,918 | 921,592 | 185,354 | 80,723 | 12,624 | |||||||||||||||||||
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(In millions of won) | 2016 | |||||||||||||||||||||||
Sales and others |
Purchase and others | |||||||||||||||||||||||
Dividend income |
Purchase of raw material and others |
Acquisition of property, plant and equipment |
Outsourcing fees |
Other costs | ||||||||||||||||||||
Entity that has significant influence over the Controlling Company |
||||||||||||||||||||||||
LG Electronics Inc. |
1,580,279 | — | 23,047 | 538,175 | — | 103,158 | ||||||||||||||||||
Subsidiaries of the entity that has significant influence over the Controlling Company |
||||||||||||||||||||||||
LG Electronics India Pvt. Ltd. |
75,591 | — | — | — | — | 69 | ||||||||||||||||||
LG Electronics Vietnam Haiphong Co., Ltd. |
162,893 | — | — | — | — | 141 | ||||||||||||||||||
LG Electronics Nanjing New Technology Co., Ltd. |
229,773 | — | — | 293 | — | 1,876 | ||||||||||||||||||
LG Electronics RUS, LLC |
127,316 | — | — | — | — | 2,993 | ||||||||||||||||||
LG Electronics do Brasil Ltda. |
133,903 | — | — | — | — | 3,430 | ||||||||||||||||||
LG Innotek Co., Ltd. |
11,503 | — | 209,878 | — | — | 9,873 | ||||||||||||||||||
Qingdao LG Inspur Digital Communication Co., Ltd. |
47,804 | — | — | — | — | — | ||||||||||||||||||
Inspur LG Digital Mobile Communications Co., Ltd. |
370,966 | — | — | — | — | 5 | ||||||||||||||||||
LG Electronics Mexicalli, S.A. DE C.V. |
210,021 | — | — | — | — | 77 | ||||||||||||||||||
LG Electronics Mlawa Sp. z o.o. |
709,558 | — | — | — | — | 895 | ||||||||||||||||||
LG Electronics Taiwan Taipei Co., Ltd. |
11,919 | — | — | — | — | 27 |
(In millions of won) | 2016 | |||||||||||||||||||||||
Sales and others |
Purchase and others | |||||||||||||||||||||||
Dividend income |
Purchase of raw material and others |
Acquisition of property, plant and equipment |
Outsourcing fees |
Other costs | ||||||||||||||||||||
LG Electronics Wroclaw Sp. z o.o. |
290,785 | — | — | — | — | 99 | ||||||||||||||||||
LG Hitachi Water Solutions Co., Ltd. |
— | — | — | 167,987 | — | 2,782 | ||||||||||||||||||
LG Electronics Reynosa, S.A. DE C.V. |
1,074,790 | — | — | — | — | 1,907 | ||||||||||||||||||
LG Electronics Almaty Kazakhstan |
15,953 | — | — | — | — | 33 | ||||||||||||||||||
LG Electronics Air-Conditioning (Shandong) Co., Ltd. |
— | — | — | 4,994 | — | 259 | ||||||||||||||||||
Hi Entech Co., Ltd. |
— | — | — | — | — | 25,365 | ||||||||||||||||||
Hientech (Tianjin) Co., Ltd. |
— | — | — | 28,587 | — | 10,613 | ||||||||||||||||||
LG Electronics S.A. (Pty) Ltd |
21,236 | — | — | — | — | 39 | ||||||||||||||||||
Others |
2,289 | — | — | — | — | 4,094 | ||||||||||||||||||
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3,496,300 | — | 209,878 | 201,861 | — | 64,577 | |||||||||||||||||||
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5,343,221 | 59,820 | 1,154,517 | 925,390 | 80,723 | 180,902 | |||||||||||||||||||
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(*1) | Represents transactions occurred prior to exchange of equity interests. |
(*2) | Represent transactions occurred prior to disposal of the entire investments. |
(In millions of won) | 2017 | |||||||||||||||||||||||
Purchase and others | ||||||||||||||||||||||||
Sales and others |
Dividend income |
Purchase of raw material and others |
Acquisition of property, plant and equipment |
Outsourcing fees |
Other costs | |||||||||||||||||||
Associates and their subsidiaries |
||||||||||||||||||||||||
New Optics Ltd. (*) |
1 | — | — | — | 4 | 6 | ||||||||||||||||||
INVENIA Co., Ltd. |
— | — | 1,862 | 66,548 | — | 2,259 | ||||||||||||||||||
AVATEC Co., Ltd. |
— | 530 | — | — | 90,785 | 720 | ||||||||||||||||||
Paju Electric Glass Co., Ltd. |
— | 8,109 | 380,815 | — | — | 4,225 | ||||||||||||||||||
Shinbo Electric Co., Ltd. (*) |
15,812 | — | — | — | — | 21 | ||||||||||||||||||
Narenanotech Corporation (*) |
— | — | 279 | 21,727 | — | 244 | ||||||||||||||||||
WooRee E&L Co., Ltd. |
— | — | — | — | — | 175 | ||||||||||||||||||
YAS Co., Ltd. |
— | — | 6,347 | 69,243 | — | 2,474 | ||||||||||||||||||
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15,813 | 8,639 | 389,303 | 157,518 | 90,789 | 10,124 | |||||||||||||||||||
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Entity that has significant influence over the Controlling Company |
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LG Electronics Inc. |
1,689,381 | — | 47,898 | 906,427 | — | 109,865 | ||||||||||||||||||
Subsidiaries of the entity that has significant influence over the Controlling Company |
||||||||||||||||||||||||
LG Electronics India Pvt. Ltd. |
71,597 | — | — | — | — | 163 | ||||||||||||||||||
LG Electronics Vietnam Haiphong Co., Ltd. |
205,934 | — | — | 8,892 | — | 198 |
(In millions of won) | 2017 | |||||||||||||||||||||||
Purchase and others | ||||||||||||||||||||||||
Sales and others |
Dividend income |
Purchase of raw material and others |
Acquisition of property, plant and equipment |
Outsourcing fees |
Other costs | |||||||||||||||||||
LG Electronics Nanjing New Technology Co., Ltd. |
300,785 | — | — | 245 | — | 379 | ||||||||||||||||||
LG Electronics RUS, LLC |
103,479 | — | — | — | — | 963 | ||||||||||||||||||
LG Electronics do Brasil Ltda. |
228,821 | — | — | — | — | 430 | ||||||||||||||||||
LG Innotek Co., Ltd. |
14,836 | — | 199,896 | — | — | 5,692 | ||||||||||||||||||
Qingdao LG Inspur Digital Communication Co., Ltd. |
77,787 | — | — | — | — | — | ||||||||||||||||||
Inspur LG Digital Mobile Communications Co., Ltd. |
230,832 | — | — | — | — | — | ||||||||||||||||||
LG Electronics Mexicalli, S.A. DE C.V. |
319,772 | — | — | — | — | 186 | ||||||||||||||||||
LG Electronics Mlawa Sp. z o.o. |
847,565 | — | — | — | — | 985 | ||||||||||||||||||
LG Electronics Taiwan Taipei Co., Ltd. |
13,693 | — | — | — | — | 164 | ||||||||||||||||||
LG Hitachi Water Solutions Co., Ltd. |
— | — | — | 318,978 | — | 1,532 | ||||||||||||||||||
LG Electronics Reynosa, S.A. DE C.V. |
1,287,340 | — | — | — | — | 1,926 | ||||||||||||||||||
LG Electronics Almaty Kazakhstan |
14,079 | — | — | — | — | 53 | ||||||||||||||||||
LG Electronics Air-Conditioning (Shandong) Co., Ltd. |
— | — | 255 | 3,744 | — | 2,621 | ||||||||||||||||||
HiEntech Co., Ltd. |
— | — | — | 6,991 | — | 34,432 | ||||||||||||||||||
Hientech (Tianjin) Co., Ltd. |
— | — | — | 21,838 | — | 11,822 | ||||||||||||||||||
LG Electronics S.A. (Pty) Ltd. |
14,155 | — | — | — | — | 25 | ||||||||||||||||||
Others |
857 | — | 3 | 14 | — | 7,264 | ||||||||||||||||||
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3,731,532 | — | 200,154 | 360,702 | — | 68,835 | |||||||||||||||||||
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5,436,726 | 8,639 | 637,355 | 1,424,647 | 90,789 | 188,824 | |||||||||||||||||||
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(*) | Represents transactions occurred prior to disposal of the entire investments. |
(c) | Trade accounts and notes receivable and payable as of December 31, 2016 and 2017 are as follows: |
(In millions of won) | ||||||||||||||||
Trade accounts and notes receivable and others |
Trade accounts and notes payable and others |
|||||||||||||||
December 31, 2016 | December 31, 2017 | December 31, 2016 | December 31, 2017 | |||||||||||||
Associates and their subsidiaries |
||||||||||||||||
New Optics Ltd. (*) |
1,000 | — | 8,616 | — | ||||||||||||
INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) |
833 | 2,375 | 6,515 | 18,662 | ||||||||||||
AVATEC Co., Ltd. |
— | — | 5,190 | 2,949 | ||||||||||||
Paju Electric Glass Co., Ltd. |
— | — | 71,685 | 60,141 | ||||||||||||
Shinbo Electric Co., Ltd. |
85,011 | — | 64,693 | — | ||||||||||||
Narenanotech Corporation (*) |
300 | — | 2,826 | — | ||||||||||||
WooRee E&L Co., Ltd. |
— | — | — | 61 | ||||||||||||
YAS Co., Ltd. |
833 | 375 | 3,531 | 6,474 | ||||||||||||
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87,977 | 2,750 | 163,056 | 88,287 | |||||||||||||
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Entity that has significant influence over the Controlling Company |
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LG Electronics Inc. |
357,577 | 550,335 | 160,309 | 257,071 | ||||||||||||
Subsidiaries of the entity that has significant influence over the Controlling Company |
||||||||||||||||
LG Electronics do Brasil Ltda. |
14,299 | 19,091 | 27 | 10 | ||||||||||||
LG Electronics RUS, LLC |
47,686 | 25,102 | — | 80 | ||||||||||||
LG Innotek Co., Ltd. |
1,070 | 407 | 50,919 | 62,675 | ||||||||||||
Qingdao LG Inspur Digital Communication Co., Ltd. |
7,007 | 13,061 | — | — |
(In millions of won) | ||||||||||||||||
Trade accounts and notes receivable and others |
Trade accounts and notes payable and others |
|||||||||||||||
December 31, 2016 | December 31, 2017 | December 31, 2016 | December 31, 2017 | |||||||||||||
Inspur LG Digital Mobile Communications Co., Ltd. |
72,963 | 55,278 | 5 | — | ||||||||||||
LG Electronics Mexicali, S.A. DE C.V. |
11,959 | 29,440 | 13 | — | ||||||||||||
LG Electronics Mlawa Sp. z o.o. |
222,480 | 136,874 | 27 | 25 | ||||||||||||
LG Electronics Nanjing New Technology Co., Ltd. |
51,794 | 46,373 | 78 | 699 | ||||||||||||
LG Electronics Reynosa, S.A. DE C.V. |
93,873 | 137,413 | 259 | 82 | ||||||||||||
LG Electronics Vietnam Haiphong Co., Ltd. |
35,121 | 36,017 | 7 | 3,917 | ||||||||||||
LG Hitachi Water Solutions Co., Ltd. |
— | — | 108,119 | 154,864 | ||||||||||||
Hientech (Tianjin) Co., Ltd. |
— | — | 3,746 | 5,600 | ||||||||||||
HiEntech Co., Ltd. |
— | — | 4,080 | 6,679 | ||||||||||||
Others |
46,735 | 10,648 | 2,962 | 1,715 | ||||||||||||
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604,987 | 509,704 | 170,242 | 236,346 | |||||||||||||
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1,050,541 | 1,062,789 | 493,607 | 581,704 | |||||||||||||
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(*) | Excluded from related parties due to disposal of equity investments during the year ended December 31, 2017. |