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:DisclosureOfCashFlowStatementExplanatory

    39. Additional Information of Cash Flow Statements

    (a) Changes in operating assets and liabilities for the years ended December 31, 2015, 2016 and 2017 were as follows:

     

         2015     2016     2017  
         (in millions of Won)  

    Trade accounts and notes receivable

       ₩ 1,586,113       273,419       63,075  

    Other receivables

         259,741       191,591       113,740  

    Inventories

         2,456,068       (889,998 )      (1,435,170 ) 

    Other current assets

         42,131       (287,377 )      110,688  

    Other non-current assets

         72,826       33,584       12,455  

    Trade accounts and notes payable

         (894,129 )      769,337       (607,999 ) 

    Other payables

         39,811       (179,174 )      (26,922 ) 

    Other current liabilities

         (457,947 )      2,490       338,273  

    Provisions

         (119,172 )      (124,884 )      (145,763 ) 

    Payments of severance benefits

         (157,983 )      (278,278 )      (185,220 ) 

    Plan assets

         (115,274 )      (138,854 )      3,815  

    Other non-current liabilities

         72,267       223,574       (82,605 ) 
      

     

     

       

     

     

       

     

     

     
       ₩ 2,784,452       (404,570 )      (1,841,633 ) 
      

     

     

       

     

     

       

     

     

     

    (b) Changes in liabilities arising from financial activities for the year ended December 31, 2017 were as follows:

     

         Liabilities     Derivatives held
    to hedge
    borrowings
     
         Short-term 
    borrowings
        long-term 
    borrowings
        Dividend
    payable
        Finance
    lease 
    liabilities
       
         (in millions of Won)  

    Beginning

       ₩ 7,979,727       14,725,271       7,770       114,409       (52,373 ) 

    Changes from financing cash flows

         558,083       (1,410,033 )      (931,232 )      (10,536 )      —  

    Changes arising from obtaining or losing
    control of subsidiaries or other business

         (12,469 )      3,299       —       —       —  

    The effect of changes in foreign exchange rates

         (350,523 )      (435,170 )      —       (10,855 )      —  

    Changes in fair values

         —       —       —       —       171,693  

    Other changes:

              

    Decrease in retained earnings

         —       —       863,579       —       —  

    Decrease in non-controlling interests

         —       —       67,096       —       —  

    Amortization of discount on debentures issued

         —       5,472       —       —       —  
      

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Ending

       ₩ 8,174,818       12,888,839       7,213       93,018       119,320