LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by LG.Philips LCD Co., Ltd. (a foreign private issuer) for the month of April 2005. The filing discloses a material event regarding a real estate lease agreement entered into on April 1, 2005.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics. It specifically discloses the following financial terms related to an office lease:
- Rental Deposit: KRW 10,969,900,000
- Rental Payment for Contract Period: KRW 1,316,388,000
Material Changes and Transactions
The registrant entered into a real estate lease with LG Corporation, identified as an affiliate and the largest shareholder. The transaction details are as follows:
- Property: Office space totaling 7,253 m² located in LG Twin Towers, Seoul, Korea.
- Lease Term: April 1, 2005, to March 31, 2006.
- Purpose: Office rental for principal executive offices.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the disclosure of the related-party transaction. No unusual items or contingencies were reported in this document.
Investor Verification Checklist
- Verify the total annualized cost of the lease relative to the company's operating expenses.
- Confirm the terms of the related-party transaction with LG Corporation to ensure arm's length pricing.
- Review the company's Form 20-F for broader financial context, as this 6-K contains only specific transaction data.