KB Financial Group Inc. | CIK:0001445930 | 3

  • Filed: 4/27/2018
  • Entity registrant name: KB Financial Group Inc. (CIK: 0001445930)
  • Generator: Fujitsu
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1445930/000119312518136720/0001193125-18-136720-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1445930/000119312518136720/kb-20171231.xml
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    • ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory

    26. Equity

    26.1 Share Capital

    Details of share capital and number of issued shares of the Parent Company as of December 31, 2016 and 2017, are as follows:

     

         2016      2017  

    Type of share

    		    Ordinary shares      Ordinary shares  

    Number of authorized shares

    		      1,000,000,000        1,000,000,000  

    Par value per share

    		    ￦ 5,000      ￦ 5,000  

    Number of issued shares

    		      418,111,537        418,111,537  

    Share capital1

    		    ￦ 2,090,558      ￦ 2,090,558  

     

    1  In millions of Korean won.

     

    Changes in outstanding shares for the years ended December 31, 2016 and 2017, are as follows:

     

         2016     2017  
         (In number of shares)  

    Beginning

    		      386,351,693       398,285,437  

    Increase

    		      31,759,844       4,513,969  

    Decrease

    		      (19,826,100 )      (3,761,823 ) 

    Ending

    		      398,285,437       399,037,583  

    26.2 Capital Surplus

    Details of capital surplus as of December 31, 2016 and 2017, are as follows:

     

         2016     2017  
         (In millions of Korean won)  

    Share premium

    		    ￦ 13,190,274     ￦ 13,190,274  

    Loss on sales of treasury shares

    		      (568,544 )      (481,332 ) 

    Other capital surplus

    		      4,373,172       4,413,286  
      

     

     

    		    

     

     

    		  

    Total

    		    ￦ 16,994,902     ￦ 17,122,228  
      

     

     

    		    

     

     

    		  

    26.3 Accumulated Other Comprehensive Income

    Details of accumulated other comprehensive income as of December 31, 2016 and 2017, are as follows:

     

         2016     2017  
         (In millions of Korean won)  

    Remeasurements of net defined benefit liabilities

    		    ￦ (121,055 )    ￦ (96,385 ) 

    Exchange differences on translating foreign operations

    		      53,138       (56,589 ) 

    Change in value of available-for-sale financial assets

    		      601,620       694,321  

    Change in value of held-to-maturity financial assets

    		      6,447       (78 ) 

    Shares of other comprehensive income of associates and joint ventures

    		      (96,174 )      1,069  

    Cash flow hedges

    		      (6,075 )      14,980  

    Hedges of net investments in foreign operations

    		      (32,572 )      (5,958 ) 

    Other comprehensive income of separate account

    		      —         (13,692 ) 
      

     

     

    		    

     

     

    		  

    Total

    		    ￦ 405,329     ￦ 537,668  
      

     

     

    		    

     

     

    		  

    26.4 Retained Earnings

    Details of retained earnings as of December 31, 2016 and 2017, are as follows:

     

         2016      2017  
         (In millions of Korean won)  

    Legal reserves1

    		    ￦ 275,860      ￦ 334,873  

    Voluntary reserves

    		      982,000        982,000  

    Unappropriated retained earnings

    		      10,971,368        13,727,331  
      

     

     

    		     

     

     

    		  

    Total

    		    ￦ 12,229,228      ￦ 15,044,204  
      

     

     

    		     

     

     

    		  

     

    1

    With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its net income after tax as reported in the separate statement of comprehensive income each time it pays dividends on its net profits earned until its legal reserve reaches at least the aggregate amount of its share capital in accordance with Article 53 of the Financial Holding Company Act. The reserve is not available for the payment of cash dividends, but may be transferred to share capital, or used to reduce accumulated deficit.

    2 Retained earnings restricted for dividend at subsidiaries level pursuant to law and regulations amounts to ￦3,148,332 million as of December 31, 2017.

    26.5 Treasury Shares

    Changes in treasury shares outstanding for the year ended December 31, 2016 and 2017 are as follows:

     

         2016  
         Beginning      Acquisition      Disposal     Ending  
         (In number of shares and millions of Korean won)  

    Number of treasury shares1

    		      —          19,826,100        —         19,826,100  

    Carrying amount1

    		    ￦ —        ￦ 721,973      ￦ —       ￦ 721,973  
         2017  
         Beginning      Acquisition      Disposal     Ending  
         (In number of shares and millions of Korean won)  

    Number of treasury shares1

    		      19,826,100        3,761,823        (4,513,969 )      19,073,954  

    Carrying amount1

    		    ￦ 721,973      ￦ 202,051      ￦ (168,051 )    ￦ 755,973  

     

    1  For the year ended December 31, 2017, the treasury stock trust agreement of ￦800,000 million with Samsung Securities Co., Ltd., which was signed in previous year, was terminated. In order to increase shareholder value, the Group entered in to another treasury stock trust agreement of ￦300,000 million with Samsung Securities Co., Ltd. for the year ended December 31, 2017.