| 17. | Borrowings |
(a) Short-term borrowings and current portion of long-term borrowings as of December 31, 2016 and 2017 are as follows:
|
Bank |
Issuance date |
Maturity date |
Interest rate (%) |
2016 | 2017 | |||||||||||||
| (in millions of Won) | ||||||||||||||||||
|
Short-term borrowings |
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Bank overdrafts |
JP Morgan and |
January, 2017~ December, 2017 |
January, 2018~ December, 2018 |
1.2~9.0 | ￦ | 254,036 | 217,879 | |||||||||||
|
Short-term borrowings |
HSBC and others |
January, 2017~ December, 2017 |
January, 2018~ December, 2018 |
0.3~10.5 | 7,725,691 | 7,956,939 | ||||||||||||
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| 7,979,727 | 8,174,818 | |||||||||||||||||
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Current portion of long-term liabilities |
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Current portion of long-term borrowings |
Export-Import Bank of Korea and others |
September, 2001~ November, 2017 |
February, 2018~ December, 2018 |
0.4~8.5 | 1,390,733 | 1,407,123 | ||||||||||||
|
Current portion of debentures |
Korean Development |
August, 2009~ November, 2016 |
February, 2018~ December, 2018 |
1.4~6.1 | 825,176 | 1,693,974 | ||||||||||||
|
Less: Current portion of discount on debentures issued |
(829 | ) | (1,399 | ) | ||||||||||||||
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| 2,215,080 | 3,099,698 | |||||||||||||||||
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| ￦ | 10,194,807 | 11,274,516 | ||||||||||||||||
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(b) Long-term borrowings, excluding current portion as of December 31, 2016 and 2017 are as follows:
|
Bank |
Issuance date |
Maturity date |
Interest rate (%) |
2016 | 2017 | |||||||||||||
| (in millions of Won) | ||||||||||||||||||
|
Long-term borrowings |
Export-Import bank of Korea and others |
September, 2001~ December, 2017 |
March, 2019~ March, 2037 |
0.5~8.4 | ￦ | 6,420,612 | 4,839,199 | |||||||||||
|
Less: Present value discount |
(55,799 | ) | (36,459 | ) | ||||||||||||||
|
Bonds |
Korea Development Bank and others |
August, 2009~ |
February, 2019~ |
1.8~6.3 | 6,163,896 | 4,999,575 | ||||||||||||
|
Less: Discount on debentures issued |
(18,518 | ) | (13,174 | ) | ||||||||||||||
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| ￦ | 12,510,191 | 9,789,141 | ||||||||||||||||
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(c) Assets pledged as collateral in regards to the borrowings as of December 31, 2017 are as follows:
|
Bank |
Book value | Pledged amount |
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| (in millions of Won) | ||||||||||
|
Property, plant and equipment and Investment |
Korea Development Bank and others |
￦ | 5,777,330 | 4,969,201 | ||||||
|
Trade accounts and notes receivable |
Korea Development Bank and others |
147,581 | 147,581 | |||||||
|
Inventories |
Export-Import Bank of Korea and others |
162,198 | 116,378 | |||||||
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Financial instruments |
Woori Bank and others | 56,491 | 55,048 | |||||||
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| ￦6,143,600 | 5,288,208 | |||||||||
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| (*1) | Includes other assets(land-use right). |