POSCO | CIK:0000889132 | 3

  • Filed: 4/27/2018
  • Entity registrant name: POSCO (CIK: 0000889132)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/889132/000119312518136684/0001193125-18-136684-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/889132/000119312518136684/pkx-20171231.xml
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  • ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory

    Details of non-controlling interest as of and for the years ended December 31, 2015, 2016 and 2017 are as follows:

    1) December 31, 2015

     

        POSCO
    DAEWOO
    Corporation
        PT.
    KRAKATAU
    POSCO
        POSCO
    CHEMTECH
        POSCO
    ENGINEERING &
    CONSTRUCTION
    CO., LTD.
        POSCO
    ENERGY
    CO., LTD.
        Others     Total  
        (in millions of Won)  

    Current assets

      ₩ 3,930,857       441,999       360,812       5,115,325       590,460       9,648,917       20,088,370  

    Non-current assets

        4,777,482       3,363,935       248,549       1,756,367       3,333,351       7,776,264       21,255,948  

    Current liabilities

        (3,568,714 )      (1,004,002 )      (106,167 )      (3,125,697 )      (663,945 )      (9,692,004 )      (18,160,529 ) 

    Non-current liabilities

        (1,941,909 )      (2,315,554 )      (5,405 )      (768,529 )      (2,420,547 )      (2,567,980 )      (10,019,924 ) 

    Equity

        3,197,716       486,378       497,789       2,977,466       839,319       5,165,197       13,163,865  

    Non-controlling interests

        1,269,096       145,913       199,116       1,405,391       535,878       1,182,137       4,737,531  

    Sales

        16,890,723       1,227,266       1,175,272       6,866,802       1,909,919       25,784,254       53,854,236  

    Profit (loss) for the period

        79,092       (398,438 )      35,516       108,895       15,831       (835,389 )      (994,493 ) 

    Profit (loss) attributable to non-controlling interests

        31,390       (119,531 )      14,206       51,399       1,738       (247,106 )      (267,904 ) 

    Cash flows from operating activities

        433,493       (13,595 )      19,921       434,257       6,075       (72,371 )      807,780  

    Cash flows from investing activities

        (74,644 )      (8,994 )      25,318       21,075       (20,980 )      (110,712 )      (168,937 ) 

    Cash flows from financing activities (before dividends to non-controlling interest)

        (340,532 )      18,886       66       69,615       11,572       289,715       49,322  

    Dividend to non-controlling interest

        (22,597 )      —       (4,135 )      (703 )      (24,125 )      (145,582 )      (197,142 ) 

    Effect of exchange rate fluctuation on cash held

        430       83       —       819       —       3,502       4,834  

    Net increase (decrease) in cash and cash equivalents

        (3,850 )      (3,620 )      41,170       525,063       (27,458 )      (35,448 )      495,857  

     

    2) December 31, 2016

     

        POSCO
    DAEWOO
    Corporation
        PT.
    KRAKATAU
    POSCO
        POSCO
    CHEMTECH
        POSCO
    ENGINEERING &
    CONSTRUCTION
    CO., LTD.
        POSCO
    ENERGY
    CO., LTD.
        Others     Total  
        (in millions of Won)  

    Current assets

      ₩ 4,038,313       460,376       397,370       5,163,436       713,039       9,696,140       20,468,674  

    Non-current assets

        4,510,085       3,304,292       243,401       1,710,398       3,038,665       7,749,277       20,556,118  

    Current liabilities

        (3,662,811 )      (1,120,077 )      (109,016 )      (3,284,090 )      (937,668 )      (9,669,053 )      (18,782,715 ) 

    Non-current liabilities

        (1,681,182 )      (2,337,612 )      (2,337 )      (855,791 )      (2,172,226 )      (2,856,498 )      (9,905,646 ) 

    Equity

        3,204,405       306,979       529,418       2,733,953       641,810       4,919,866       12,336,431  

    Non-controlling interests

        1,271,750       92,094       211,767       1,290,450       514,200       945,962       4,326,223  

    Sales

        15,417,550       1,244,711       1,076,455       5,352,395       1,657,890       23,251,563       48,000,564  

    Profit (loss) for the period

        113,832       (187,151 )      41,829       (760,187 )      (130,809 )      (461,034 )      (1,383,520 ) 

    Profit (loss) attributable to non-controlling interests

        45,177       (56,145 )      16,732       (358,815 )      (14,357 )      (312,297 )      (679,705 ) 

    Cash flows from operating activities

        337,338       45,672       30,295       (211,182 )      18,107       53,050       273,280  

    Cash flows from investing activities

        (35,054 )      (8,804 )      (42,021 )      (102,939 )      (1,047 )      (253,206 )      (443,071 ) 

    Cash flows from financing activities (before dividends to non-controlling interest)

        (295,226 )      (36,286 )      (1,250 )      (20,953 )      (2,875 )      204,797       (151,793 ) 

    Dividend to non-controlling interest

        (22,597 )      —       (4,726 )      (14,800 )      (24,378 )      (7,349 )      (73,850 ) 

    Effect of exchange rate fluctuation on cash held

        10       67       1       760       —       1,687       2,525  

    Net increase (decrease) in cash and cash equivalents

        (15,529 )      649       (17,701 )      (349,114 )      (10,193 )      (1,021 )      (392,909 ) 

     

    3) December 31, 2017

     

        POSCO
    DAEWOO
    Corporation
        PT.
    KRAKATAU
    POSCO
        POSCO
    CHEMTECH
        POSCO
    ENGINEERING &
    CONSTRUCTION
    CO., LTD.
        POSCO
    ENERGY
    CO., LTD.
        Others     Total  
        (in millions of Won)  

    Current assets

      ₩ 4,483,544       557,041       441,325       4,878,251       1,054,538       8,579,813       19,994,512  

    Non-current assets

        4,590,394       2,771,504       316,724       2,444,616       2,859,824       6,676,559       19,659,621  

    Current liabilities

        (4,221,443 )      (1,237,255 )      (145,649 )      (3,896,680 )      (785,462 )      (8,313,902 )      (18,600,391 ) 

    Non-current liabilities

        (1,549,013 )      (1,933,247 )      (970 )      (833,403 )      (2,200,065 )      (2,048,454 )      (8,565,152 ) 

    Equity

        3,303,482       158,043       611,430       2,592,784       928,835       4,894,016       12,488,590  

    Non-controlling interests

        1,224,303       47,413       244,572       1,223,816       762,390       974,941       4,477,435  

    Sales

        20,891,526       1,635,837       1,163,918       5,794,532       1,578,026       23,547,072       54,610,911  

    Profit (loss) for the period

        115,321       (117,729 )      101,019       169,011       70,795       258,053       596,470  

    Profit (loss) attributable to non-controlling interests

        42,739       (35,318 )      40,408       79,775       7,770       39,605       174,979  

    Cash flows from operating activities

        128,875       (27,817 )      20,042       (84,840 )      30,295       140,418       206,973  

    Cash flows from investing activities

        (86,365 )      (5,502 )      (18,699 )      (171,924 )      (2,792 )      (63,621 )      (348,903 ) 

    Cash flows from financing activities (before dividends to non-controlling interest)

        (19,295 )      31,782       8       150,801       220,317       (38,090 )      345,523  

    Dividend to non-controlling interest

        (22,597 )      —       (7,088 )      —       (24,183 )      (12,777 )      (66,645 ) 

    Effect of exchange rate fluctuation on cash held

        (459 )      (147 )      (6 )      (3,541 )      —       (15,532 )      (19,685 ) 

    Net increase (decrease) in cash and cash equivalents

        159       (1,684 )      (5,743 )      (109,504 )      223,637       10,398       117,263