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To: Kerry Phineas who wrote (29775)3/9/1998 9:24:00 AM
From: DJBEINO  Respond to of 53903
 
Five Conglomerates' Overseas Subsidiaries Owe US$37.2 Billion

According to figures released by the Ministry of Finance and Economy Monday, the top five conglomerates' overseas subsidiaries owed US$37.2 billion to foreign banks as of the end of last year, which amounted to 70.1% of the total overseas subsidiary debt of US$53.2 billion. Among the five, Samsung is the most exposed at US$10.4 billion (19.6% of the total), followed by Daewoo US$9.6 billion (18.2%); Hyundai, US$8.6 billion (16.2%); LG, US$4.6 billion (8.8%) and Sunkyong with US$3.8 billion (7.3%).

A total of US$95.5 billion in debts were amassed by the end of 1997, with US$42.3 billion from domestic financial institutions being added to external liabilities. Currently US$60 billion has to be repaid this year out of which US$32.3 billion will go to foreign banks.



To: Kerry Phineas who wrote (29775)3/9/1998 11:25:00 AM
From: ratan lal  Read Replies (2) | Respond to of 53903
 
Kerry

I think the amort period is decided by the IRS unless you can prove a shorter period is warranted.

When you destroy, sell, donate the equipment you write it off completely.

ratan



To: Kerry Phineas who wrote (29775)3/10/1998 9:13:00 AM
From: Earlie  Respond to of 53903
 
Kerry:
Good comments. Given the looseness of GAAP, they can have a field day if they decide to push the envelope. Auditors today will accept just about anything if you can find a precedent for it. Auditors are currently involved in over 1,500 legal cases today, and for good reason.
Best, Earlie