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.
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1.55

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10

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95.5.24

11

.
95.5.24

96124960050094097
11

96330960013218

96.3.16(96)052

12

.
()
1996International Practices Task Force (IPTF)

13

 IPTF

P
(

FY2

(P-10)*Q

10

FY1

$10*Q

14

ADR

:
2003

2004

2003

2004

- ROC GAAP

--
--

47,258.7

92,316.1

14,020.3

31,843.4

(9,971.3)
1,374.0

(19,360.6)
3,297.9

(2,915.0)
1,225.8

(3,751.1)
(42,329.1)

- US GAAP

38,661.4

76,253.4

12,331.1

(14,236.8)

15

ADR

2003

2004

2003

2004

2003

2004

- ROC GAAP

--
--

2,742.8

4,209.7

2,838.7

4,282.2

15,660.0

27,962.9

(725.3)
334.5

(609.0)
696.4

(341.3)
750.5

(699.1)
84.0

(1,719.5)
1,774.9

(7,216.6)
(2,633.8)

- US GAAP

2,352.0

4,297.1

3,247.9

3,667.1

15,715.4

18,112.5

16

.
()

-
IAS 19Employee Benefits
IFRS 2 Share-based Payment

17

.
()

(IAS 19 par.10)

(IAS 19 par.21)

(IAS 19 par.17)

--
--
18

.
()

(IFRS 2 par.10&11 )

19

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()

()
96.3.16(96)052

9711

20

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()

21

22

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()
A102
101002

102.510257.5
7.50.27.3

1022.510
255.5
5.55.5

23

.
()

EPS
EPS50
EPS30
EPS40
EPS30
EPS30
EPS20

24

.
IC

(%)

2006(
)

2006

2007

2008

20.68

40

31

27

13.50

22

19

10

13.50

59

42

35

8.60

47

36

34

0.97

29

19

2.14

84

39

27

2.00

21

18

20

1.60

1.83

40

35

30

4.20

47

31

24

9.50

20

18

16

41

28

23

25

.
ICEPS

07EPS(
)

07EPS(
)

(%)

08
EPS

8.4

4.9

41.7

6.7

20

13.1

34.5

18.1

36.1

25

30.7

29.1

4.1

2.9

29.3

3.9

6.9

4.9

29.0

8.8

4.8

3.8

20.8

4.3

6.1

4.9

19.7

5.6

14.2

11.6

18.3

13.5

5.5

4.5

18.2

5.3

4.2

3.8

9.5

4.3

26

()
()

()

()

2002

4.55

19.919

285

61.3

50.1%

2003

6.59

15.747

319

56.8

34.4%

2004

8.68

17.781

216

47.1

32.9%

2005

9.73

17.857

387

78.8

43.1%

2006

9.75

20.683

337

79.5

35.2%

IBTS

27

20072009

2007

2008

2009

()

822.78

989.52

1138.10

56.6%

55.4%

54.0%

42.6%

43.0%

42.5%

()

368.13

425.37

478.63

EPS()

35.7

41.3

46.5

25%

25%

25%

()

92.03

106.34

119.66

11.2%

10.7%

10.5%

()

276.10

319.03

358.97

EPS()

26.81

30.97

34.85

28

.
()

10

29

.
()

=/

30

()

31

()
()(Restricted Stocks)

Microsoft, HP, Nokia, Amazon, Intel ,IBM,

etc.

1.267

2.

32

()
()

5th

10th

*

33

()

1000

820.3

1000

5th

10th
1000

179.7

100012.00%10
1010.8203
1,000 * 0.8203 = 820.3
1,000 820.3 = 179.7
11168.7
34

()
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282

283
50~60

(
)

35

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()

36

()
()

10%

5%

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15%

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37

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10%

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38

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(
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39

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1.

(
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40

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41

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EPS

42

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EPS

43

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()

44

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()

45

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46

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47

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191

48

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60793

49

()

800
2010
1002,500

8002010
1002002,000
80020040%65335
{800200 2,000200600}
20%440
440335105
50

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1,800
1,80020040%65735
{1,800200 2,000200600}20%640

2,500
a.
b.
(1) 200
2,000
5002,5002,000
(2) 200

2,3002,500200

51

()

1.
2.
3.

1.
2.15%

52