FINANCIAL STATEMENT ANALYSIS
LG ELECTRONICS
PREPARED BY: EMAN SHORAB AND MANAR LULU
SUPERVISED BY: LECTURER: EMAD ABUSHAABAN
Part One
Executive Summary :
LG Electronics' innovative technologies, unique products, and cutting-edge designs are an investment in the future.
LG Electronics, Inc.(LG) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 112 operations including 81 subsidiaries around the world. With 2008 global sales of $44.7 billion, LG comprises of five business units - Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is one of the world's leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines.
LG's efforts continue to enhance the global presence of the LG brand and to maximize profitable growth. In particular, LG Electronics will focus on achieving profitable and sustainable growth in the mobile communications and home entertainment sectors to strengthen its leadership in the IT industry, while at the same time increasing its market share in the home appliance, air-conditioning and business solutions sectors.
Historical Background
History
50 years of innovation years from ( 1958-2008 )
Production divisions and it's main products
Office locations
LG >>> Life's Good
History ……
The history of LG Electronics has always been surrounded by the company's desire to create a happier, better life.
LG Electronics was established in 1958 and has since led the way into the advanced digital era thanks to the technological expertise acquired by manufacturing many home appliances such as radios and TVs. LG Electronics has unveiled many new products, applied new technologies in the form of mobile devices and digital TVs in the 21st century and continues to reinforce its status as a global company.
LG Electronics 50-year History ( The Story of LG Electronics )
1958 ..
Founded as GoldStar
1959 ..
Produce Korea's first radio
1960's ( 1960 – 1969 )
Produces Korea's first radios, TVs, refrigerators , washing machines, and air conditioners .
1962 ..
Exported Korea's first radios to the US and HongKong.
1965 ..
Produced Korea's first refrigerators .
1966 ..
Produced Korea's first black and white TV.
1968 ..
Produced Korea's first conditioner.
1969 ..
Produced Korea's first washing machines.
( 1970 – 1979 )
1974 ..
Listed on the Korea stock change.
1977 ..
Produced Korea's first color TV.
1978 ..
Surpassed USD 100 million in exports, a Korean industry first.
( 1980 – 1989 )
1980 ..
Established first EU sales subsidiary in Germany ] LGEWG [ .
1982 ..
Established US color TV plant in huntsillve, Alabama.
1984 ..
Surpassed KRW 1 trillion in sales for the first time.
1986 ..
Established European VCR plant in Germany.
1988 ..
Established sales and joint venture production subsidiaries in Thailand.
( 1990 – 1999 )
1991 ..
Established design technology center in Ireland.
1993 ..
Established a production and sales subsidiary in Huizhou. China ] LGEHZ [, beginning a full-scale advance into the Chinese market.
1995 ..
1997 ..
1998 ..
Develops world's first 60-inch plasma TV .
1999 ..
Establishes LG Philips LCD ] currently LG Display [ , a joint venture with Philips .
( 2000 – 2008 )
2000 ..
2001 ..
2002 ..
2003 ..
2004 ..
2005 ..
2006 ..
2007 ..
2008 ..