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:DisclosureOfInventoriesExplanatory

    9. Inventories

    (a) Inventories as of December 31, 2016 and 2017 are as follows:

     

         2016     2017  
         (in millions of Won)  

    Finished goods

       1,200,344       1,526,628  

    Merchandise

         851,325       930,558  

    Semi-finished goods

         1,552,988       1,721,130  

    Raw materials

         1,939,539       2,329,268  

    Fuel and materials

         817,397       808,016  

    Construction inventories

         1,455,115       1,692,092  

    Materials-in-transit

         1,807,816       1,818,576  

    Others

         94,535       103,144  
      

     

     

       

     

     

     
         9,719,059       10,929,412  
      

     

     

       

     

     

     

    Less: Allowance for inventories valuation

         (203,164     (135,631
      

     

     

       

     

     

     
       9,515,895       10,793,781  
      

     

     

       

     

     

     

    (b) The changes of allowance for inventories valuation for the years ended December 31, 2015, 2016 and 2017 were as follows:

     

         2015     2016     2017  
         (in millions of Won)  

    Beginning

       161,940       231,378       203,164  

    Loss on valuation of inventories

         152,952       152,249       78,560  

    Realization on disposal of inventories

         (77,102     (161,458     (138,967

    Others

         (6,412     (19,005     (7,126
      

     

     

       

     

     

       

     

     

     

    Ending

       231,378       203,164       135,631