(a) Significant transactions between the controlling company and related parties for the years ended December 31, 2015, 2016 and 2017 were as follows:
1) For the year ended December 31, 2015
| Sales and others (*1) | Purchase and others (*2) | |||||||||||||||||||||||
| Sales | Others | Purchase of material |
Purchase of fixed assets |
Outsourced processing cost |
Others | |||||||||||||||||||
| (in millions of Won) | ||||||||||||||||||||||||
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Subsidiaries |
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POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
￦ | 4,441 | 145 | 19 | 427,760 | 2,250 | 37,488 | |||||||||||||||||
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POSCO Processing & Service |
1,074,826 | 24 | 437,626 | — | — | 2,281 | ||||||||||||||||||
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POSCO COATED & COLOR STEEL Co., Ltd. |
380,626 | — | — | — | 9,359 | 104 | ||||||||||||||||||
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POSCO ICT (*3) |
1,259 | 7 | — | 210,877 | 29,612 | 182,745 | ||||||||||||||||||
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eNtoB Corporation |
— | — | 261,989 | 6,501 | 130 | 22,017 | ||||||||||||||||||
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POSCO CHEMTECH |
436,594 | 30,343 | 519,956 | 9,515 | 297,183 | 1,773 | ||||||||||||||||||
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POSCO ENERGY CO., LTD. |
188,458 | 1,359 | — | — | — | 6 | ||||||||||||||||||
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POSCO TMC Co., Ltd. |
263,242 | — | — | — | 1,497 | 1,560 | ||||||||||||||||||
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POSCO AST |
362,658 | 15 | 4,115 | — | 39,175 | 1,611 | ||||||||||||||||||
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POSHIMETAL Co., Ltd. |
10,777 | 151 | 145,165 | — | — | 46 | ||||||||||||||||||
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POSCO DAEWOO Corporation |
3,505,187 | 34,334 | 46,675 | — | — | 480 | ||||||||||||||||||
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SeAH Changwon Integrated Special Steel (*4) |
2,811 | 176,904 | 8,239 | — | 515 | 75 | ||||||||||||||||||
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POSCO PLANTEC Co., Ltd. (*4) |
4,280 | 33 | 2,544 | 125,192 | 15,135 | 13,649 | ||||||||||||||||||
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POSCO Thainox Public Company Limited |
268,576 | 10 | 5,147 | — | — | 34 | ||||||||||||||||||
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POSCO America Corporation |
624,549 | 6 | — | — | — | 725 | ||||||||||||||||||
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POSCO Canada Ltd. |
— | — | 111,243 | — | — | — | ||||||||||||||||||
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POSCO Asia Co., Ltd. |
1,822,932 | 960 | 269,086 | — | 513 | 2,273 | ||||||||||||||||||
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Qingdao Pohang Stainless Steel Co., Ltd. |
118,845 | — | — | — | — | 220 | ||||||||||||||||||
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POSCO JAPAN Co., Ltd. |
1,051,910 | 9,383 | 25,957 | 2,278 | 201 | 2,754 | ||||||||||||||||||
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POSCO MEXICO S.A. DE C.V. |
270,184 | 80 | — | — | — | 11 | ||||||||||||||||||
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PT. KRAKATAU POSCO |
— | — | 118,888 | — | — | — | ||||||||||||||||||
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POSCO Maharashtra Steel Private Limited |
421,244 | 752 | — | — | — | 31 | ||||||||||||||||||
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Others (*5) |
867,334 | 14,474 | 223,393 | 113,769 | 212,539 | 129,506 | ||||||||||||||||||
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| 11,680,733 | 268,980 | 2,180,042 | 895,892 | 608,109 | 399,389 | |||||||||||||||||||
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Associates and joint ventures |
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SeAH Changwon Integrated Special Steel (*4) |
6,042 | — | 3,802 | — | 419 | — | ||||||||||||||||||
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POSCO PLANTEC Co., Ltd. (*4) |
147 | 14 | 1,017 | 82,338 | 3,513 | 4,676 | ||||||||||||||||||
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SNNC |
4,673 | 594 | 422,420 | — | — | — | ||||||||||||||||||
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POSCO-SAMSUNG-Slovakia Processing center |
26,379 | — | — | — | — | — | ||||||||||||||||||
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Others (*6,7) |
28,841 | 40,600 | 51,855 | — | — | — | ||||||||||||||||||
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| 66,082 | 41,208 | 479,094 | 82,338 | 3,932 | 4,676 | |||||||||||||||||||
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| ￦ | 11,746,815 | 310,188 | 2,659,136 | 978,230 | 612,041 | 404,065 | ||||||||||||||||||
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| (*1) | Sales and others mainly consist of sales of steel products to subsidiaries, associates and joint ventures. |
| (*2) | Purchases and others mainly consist of subsidiaries’ purchases of construction services and purchases of raw materials to manufacture steel products. |
| (*3) | Others (purchase) mainly consist of service fees related to maintenance and repair of ERP System. |
| (*4) | During the year ended December 31, 2015, it was reclassified from a subsidiary to an associate. |
| (*5) | During the year ended December 31, 2015, the Company borrowed USD 17.42 million from POSCO-Uruguay S.A., a subsidiary of the Company, and the entire amount was repaid as of December 31, 2015. |
| (*6) | During the year ended December 31, 2015, the Company lent USD 60 million to CSP-Compania Siderurgica do Pecem, an associate of the Company, and the entire amount of loan was collected as of December 31, 2015. |
| (*7) | The Company has collected loans of USD 3.85 million from LLP POSUK Titanium, an associate of the Company for the year ended December 31, 2015 |
2) For the year ended December 31, 2016
| Sales and others (*1) | Purchase and others (*2) | |||||||||||||||||||||||
| Sales | Others | Purchase of material |
Purchase of fixed assets |
Outsourced processing cost |
Others | |||||||||||||||||||
| (in millions of Won) | ||||||||||||||||||||||||
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Subsidiaries |
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POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
￦ | 29,511 | 16,661 | 8 | 183,768 | — | 24,511 | |||||||||||||||||
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POSCO Processing & Service |
1,212,220 | 5,778 | 549,803 | 2,896 | 22,704 | 2,445 | ||||||||||||||||||
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POSCO COATED & COLOR STEEL Co., Ltd. |
326,078 | 2,560 | — | — | 12,232 | 126 | ||||||||||||||||||
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POSCO ICT (*3) |
1,224 | 727 | — | 219,301 | 32,456 | 171,107 | ||||||||||||||||||
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eNtoB Corporation |
— | 5 | 278,016 | 9,836 | 212 | 19,436 | ||||||||||||||||||
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POSCO CHEMTECH |
319,164 | 33,784 | 502,448 | 14,847 | 290,427 | 5,139 | ||||||||||||||||||
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POSCO ENERGY CO., LTD. |
187,311 | 1,382 | — | — | — | 7 | ||||||||||||||||||
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POSCO TMC Co., Ltd. (*4) |
219,489 | — | 2 | — | 863 | 1,177 | ||||||||||||||||||
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POSCO AST (*4) |
152,098 | 1 | — | — | 19,695 | 922 | ||||||||||||||||||
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POSCO DAEWOO Corporation |
3,227,716 | 34,341 | 92,203 | — | 343 | — | ||||||||||||||||||
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POSCO Thainox Public Company Limited |
237,471 | 2,915 | 9,593 | — | 19 | 548 | ||||||||||||||||||
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POSCO America Corporation |
469,543 | — | 284 | — | — | 1,103 | ||||||||||||||||||
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POSCO Canada Ltd. |
275 | — | 148,528 | — | — | — | ||||||||||||||||||
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POSCO Asia Co., Ltd. |
1,758,080 | 1,373 | 403,174 | 247 | 939 | 3,602 | ||||||||||||||||||
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Qingdao Pohang Stainless Steel Co., Ltd. |
135,405 | — | — | — | — | 525 | ||||||||||||||||||
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POSCO JAPAN Co., Ltd. |
1,112,489 | 128 | 23,217 | 3,744 | 345 | 3,841 | ||||||||||||||||||
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POSCO-VIETNAM Co., Ltd. |
226,063 | 445 | — | — | — | — | ||||||||||||||||||
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POSCO MEXICO S.A. DE C.V. |
274,210 | 462 | — | — | — | — | ||||||||||||||||||
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POSCO Maharashtra Steel Private Limited |
355,829 | 2,613 | — | — | — | 93 | ||||||||||||||||||
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POSCO(Suzhou) Automotive Processing Center Co., Ltd. |
149,911 | — | — | — | — | — | ||||||||||||||||||
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Others |
766,263 | 22,717 | 207,601 | 62,202 | 212,344 | 145,562 | ||||||||||||||||||
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| 11,160,350 | 125,892 | 2,214,877 | 496,841 | 592,579 | 380,144 | |||||||||||||||||||
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Associates and joint ventures |
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SeAH Changwon Integrated Special Steel |
28 | — | 1,095 | — | 627 | — | ||||||||||||||||||
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POSCO PLANTEC Co., Ltd. |
2,245 | 48 | 3,533 | 244,898 | 16,812 | 8,146 | ||||||||||||||||||
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SNNC |
6,004 | 1,042 | 487,395 | — | — | 2 | ||||||||||||||||||
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POSCO-SAMSUNG-Slovakia Processing center |
44,686 | — | — | — | — | — | ||||||||||||||||||
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KOBRASCO |
— | 29,297 | — | — | — | — | ||||||||||||||||||
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Others |
26,625 | 13,122 | 175,246 | — | — | — | ||||||||||||||||||
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| 79,588 | 43,509 | 667,269 | 244,898 | 17,439 | 8,148 | |||||||||||||||||||
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| ￦ | 11,239,938 | 169,401 | 2,882,146 | 741,739 | 610,018 | 388,292 | ||||||||||||||||||
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| (*1) | Sales and others mainly consist of sales of steel products to subsidiaries, associates and joint ventures. |
| (*2) | Purchases and others mainly consist of subsidiaries’ purchases of construction services and purchases of raw materials to manufacture steel products. |
| (*3) | Others (purchase) mainly consist of service fees related to maintenance and repair of ERP System. |
| (*4) | During the year ended December 31, 2016, it was merged into POSCO Processing & Service. |
3) For the year ended December 31, 2017
| Sales and others (*1) | Purchase and others (*2) | |||||||||||||||||||||||
| Sales | Others | Purchase of material |
Purchase of fixed assets |
Outsourced processing cost |
Others | |||||||||||||||||||
| (in millions of Won) | ||||||||||||||||||||||||
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Subsidiaries (*3) |
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POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
￦ | 3,328 | 71 | — | 151,639 | 32 | 18,352 | |||||||||||||||||
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POSCO Processing & Service |
298,781 | 1 | 113,628 | 4,595 | 8,309 | 404 | ||||||||||||||||||
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POSCO COATED & COLOR STEEL Co., Ltd. |
417,369 | 3,533 | — | — | 8,483 | 106 | ||||||||||||||||||
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POSCO ICT (*4) |
1,697 | 5,097 | — | 315,748 | 29,773 | 183,226 | ||||||||||||||||||
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eNtoB Corporation |
1 | 30 | 330,921 | 8,215 | 139 | 26,023 | ||||||||||||||||||
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POSCO CHEMTECH |
359,862 | 33,076 | 479,896 | 23,043 | 296,296 | 6,860 | ||||||||||||||||||
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POSCO ENERGY CO., LTD. |
179,966 | 1,456 | — | — | — | 2 | ||||||||||||||||||
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POSCO DAEWOO Corporation |
5,214,127 | 35,182 | 550,258 | 221 | 44,108 | 1,948 | ||||||||||||||||||
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POSCO Thainox Public Company Limited |
218,005 | 9,780 | 10,168 | — | — | — | ||||||||||||||||||
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POSCO America Corporation |
345,225 | — | 90 | — | — | 1,776 | ||||||||||||||||||
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POSCO Canada Ltd. |
439 | 690 | 278,915 | — | — | — | ||||||||||||||||||
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POSCO Asia Co., Ltd. |
1,949,354 | 1,454 | 365,025 | 337 | 1,625 | 4,982 | ||||||||||||||||||
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Qingdao Pohang Stainless Steel Co., Ltd. |
161,803 | — | — | — | — | 176 | ||||||||||||||||||
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POSCO JAPAN Co., Ltd. |
1,436,159 | 20 | 26,256 | 621 | — | 44,829 | ||||||||||||||||||
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POSCO-VIETNAM Co., Ltd. |
212,883 | — | — | — | — | 7 | ||||||||||||||||||
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POSCO MEXICO S.A. DE C.V. |
276,387 | — | — | — | — | 1,749 | ||||||||||||||||||
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POSCO Maharashtra Steel Private Limited |
467,206 | — | — | — | — | 65 | ||||||||||||||||||
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POSCO(Suzhou) Automotive Processing Center Co., Ltd. |
192,467 | — | — | — | — | — | ||||||||||||||||||
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Others |
932,048 | 10,073 | 262,828 | 25,270 | 240,687 | 118,665 | ||||||||||||||||||
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| 12,667,107 | 100,463 | 2,417,985 | 529,689 | 629,452 | 409,170 | |||||||||||||||||||
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Associates and joint ventures (*3) |
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POSCO PLANTEC Co., Ltd. |
2,947 | 112 | 5,487 | 300,041 | 20,718 | 19,763 | ||||||||||||||||||
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SNNC |
6,734 | 712 | 554,151 | — | — | 4 | ||||||||||||||||||
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POSCO-SAMSUNG-Slovakia Processing Center |
52,779 | — | — | — | — | — | ||||||||||||||||||
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Roy Hill Holdings Pty Ltd |
— | — | 697,096 | — | — | — | ||||||||||||||||||
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CSP — Compania Siderurgica do Pecem |
7,384 | — | 159,501 | — | — | — | ||||||||||||||||||
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Others |
14,943 | 52,583 | 79,103 | — | — | 3 | ||||||||||||||||||
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| 84,787 | 53,407 | 1,495,338 | 300,041 | 20,718 | 19,770 | |||||||||||||||||||
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| ￦ | 12,751,894 | 153,870 | 3,913,323 | 829,730 | 650,170 | 428,940 | ||||||||||||||||||
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| (*1) | Sales and others mainly consist of sales of steel products to subsidiaries, associates and joint ventures. |
| (*2) | Purchases and others mainly consist of subsidiaries’ purchases of construction services and purchases of raw materials to manufacture steel products. |
| (*3) | As of December 31, 2017, the Company provided guarantees to related parties (Note 38). |
| (*4) | Others (purchase) mainly consist of service fees related to maintenance and repair of ERP System. |