LINE Corp | CIK:0001611820 | 3

  • Filed: 3/30/2018
  • Entity registrant name: LINE Corp (CIK: 0001611820)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1611820/000119312518102738/0001193125-18-102738-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1611820/000119312518102738/ln-20171231.xml
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    • ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory

    (1)

    Significant related party transactions and outstanding balances with related parties during the year ended December 31, 2015 are as follows:

     

                 (In millions of yen)  

    Relationship

    		   

    Name

    		   Transaction   Transaction
    amount    		      Outstanding
    receivable/
    (payable)
    balances(3)    		  

    Parent company

    		    NAVER   Advertising service(1)     1,127        160  

    Subsidiary of parent company

    		    NAVER Business Platform Corp.(2)   Operating expenses     8,139        (942 ) 

     

    (1) 

    LINE Plus and NAVER entered into an agreement for exchange of services in which LINE Plus provides advertising services via the LINE platform and the right to use certain LINE characters in exchange for NAVER’s advertising services for LINE Plus via NAVER’s web portal. The Group generated advertising revenues of 1,127 million yen in connection with the advertising services provided to NAVER for the year ended December 31, 2015.
    (2) 

    This subsidiary of NAVER provided IT infrastructure services and related development services to the Group.
    (3)

    The receivable and payable amounts outstanding are unsecured and will be settled in cash.

     

    (2)

    Significant related party transactions and outstanding balances with related parties during the year ended December 31, 2016 are as follows:

     

    (In millions of yen)  

    Relationship

    		   

    Name

    		   Transaction   Transaction
    amount    		      Outstanding
    receivable/
    (payable)
    balances(3)    		  

    Parent company

    		    NAVER   Advertising service(1)     332        67  

    Subsidiary of parent company

    		   


    NAVER Business Platform Corp.(2)

    		  


    Operating expenses

    		     7,458        (902 ) 

     

    (1) 

    LINE Plus Corporation and NAVER entered into an agreement for exchange of services in which LINE Plus provides advertising services via the LINE platform and the right to use certain LINE characters in exchange for NAVER’s advertising services for LINE Plus via NAVER’s web portal. The Group generated advertising revenues of 332 million yen in connection with the advertising services provided to NAVER for the year ended December 31, 2016.
    (2) 

    This subsidiary of NAVER provided IT infrastructure services and related development services to the Group.
    (3) 

    The receivable and payable amounts outstanding are unsecured and will be settled in cash.

     

    (3)

    Significant related party transactions and outstanding balances with related parties during the year ended December 31, 2017 are as follows:

     

    (In millions of yen)  

    Relationship

    		   

    Name

    		   Transaction   Transaction
    amount    		      Outstanding
    receivable/
    (payable)
    balances(3)    		  

    Parent company

    		    NAVER   Advertising service(1)     518        108  

    Subsidiary of parent company

    		    NAVER Business Platform Corp.(2)   Operating expenses     8,475        (976 ) 

    Associate of the Group

    		    Snow Corporation   Transfer of camera
    application business(4)    		     10,651        —    

    Director of the Company

    		   


    Joongho Shin

    		  


    Exercise of stock
    options(5)

    		     6,922        —    

    Director of the Company

    		   


    Hae Jin Lee

    		  


    Exercise of stock
    options(5)

    		     1,917        —    

     

    (1) 

    LINE Plus Corporation and NAVER entered into an agreement for exchange of services in which LINE Plus Corporation provides advertising services via the LINE platform and the right to use certain LINE characters in exchange for NAVER’s advertising services for LINE Plus via NAVER’s web portal. The Group generated advertising revenues of 518 million yen in connection with the advertising services provided to NAVER for the year ended December 31, 2017.
    (2) 

    This subsidiary of NAVER provided IT infrastructure services and related development services to the Group.
    (3) 

    The receivable and payable amounts outstanding are unsecured and will be settled in cash.
    (4) 

    In May, 2017, LINE Plus Corporation transferred its camera application business to Snow Corporation. In exchange for the transfer of the business, LINE Plus Corporation received 208,455 newly issued common shares of Snow Corporation, and the transaction amount represents the fair value of the newly issued common shares received on the transaction date. Refer to Note 20 Supplemental Cash Flow Information for further details.
    (5) 

    Stock options which had been issued with resolution at the meeting of board of director on December 17, 2012 and January 30, 2015, have been exercised. The transaction amount includes the amount paid in by exercising stock options during the year ended December 31, 2017.