Details of non-controlling interest as of and for the years ended December 31, 2015, 2016 and 2017 are as follows:
1) December 31, 2015
| POSCO DAEWOO Corporation |
PT. KRAKATAU POSCO |
POSCO CHEMTECH |
POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
POSCO ENERGY CO., LTD. |
Others | Total | ||||||||||||||||||||||
| (in millions of Won) | ||||||||||||||||||||||||||||
|
Current assets |
￦ | 3,930,857 | 441,999 | 360,812 | 5,115,325 | 590,460 | 9,648,917 | 20,088,370 | ||||||||||||||||||||
|
Non-current assets |
4,777,482 | 3,363,935 | 248,549 | 1,756,367 | 3,333,351 | 7,776,264 | 21,255,948 | |||||||||||||||||||||
|
Current liabilities |
(3,568,714 | ) | (1,004,002 | ) | (106,167 | ) | (3,125,697 | ) | (663,945 | ) | (9,692,004 | ) | (18,160,529 | ) | ||||||||||||||
|
Non-current liabilities |
(1,941,909 | ) | (2,315,554 | ) | (5,405 | ) | (768,529 | ) | (2,420,547 | ) | (2,567,980 | ) | (10,019,924 | ) | ||||||||||||||
|
Equity |
3,197,716 | 486,378 | 497,789 | 2,977,466 | 839,319 | 5,165,197 | 13,163,865 | |||||||||||||||||||||
|
Non-controlling interests |
1,269,096 | 145,913 | 199,116 | 1,405,391 | 535,878 | 1,182,137 | 4,737,531 | |||||||||||||||||||||
|
Sales |
16,890,723 | 1,227,266 | 1,175,272 | 6,866,802 | 1,909,919 | 25,784,254 | 53,854,236 | |||||||||||||||||||||
|
Profit (loss) for the period |
79,092 | (398,438 | ) | 35,516 | 108,895 | 15,831 | (835,389 | ) | (994,493 | ) | ||||||||||||||||||
|
Profit (loss) attributable to non-controlling interests |
31,390 | (119,531 | ) | 14,206 | 51,399 | 1,738 | (247,106 | ) | (267,904 | ) | ||||||||||||||||||
|
Cash flows from operating activities |
433,493 | (13,595 | ) | 19,921 | 434,257 | 6,075 | (72,371 | ) | 807,780 | |||||||||||||||||||
|
Cash flows from investing activities |
(74,644 | ) | (8,994 | ) | 25,318 | 21,075 | (20,980 | ) | (110,712 | ) | (168,937 | ) | ||||||||||||||||
|
Cash flows from financing activities (before dividends to non-controlling interest) |
(340,532 | ) | 18,886 | 66 | 69,615 | 11,572 | 289,715 | 49,322 | ||||||||||||||||||||
|
Dividend to non-controlling interest |
(22,597 | ) | — | (4,135 | ) | (703 | ) | (24,125 | ) | (145,582 | ) | (197,142 | ) | |||||||||||||||
|
Effect of exchange rate fluctuation on cash held |
430 | 83 | — | 819 | — | 3,502 | 4,834 | |||||||||||||||||||||
|
Net increase (decrease) in cash and cash equivalents |
(3,850 | ) | (3,620 | ) | 41,170 | 525,063 | (27,458 | ) | (35,448 | ) | 495,857 | |||||||||||||||||
2) December 31, 2016
| POSCO DAEWOO Corporation |
PT. KRAKATAU POSCO |
POSCO CHEMTECH |
POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
POSCO ENERGY CO., LTD. |
Others | Total | ||||||||||||||||||||||
| (in millions of Won) | ||||||||||||||||||||||||||||
|
Current assets |
￦ | 4,038,313 | 460,376 | 397,370 | 5,163,436 | 713,039 | 9,696,140 | 20,468,674 | ||||||||||||||||||||
|
Non-current assets |
4,510,085 | 3,304,292 | 243,401 | 1,710,398 | 3,038,665 | 7,749,277 | 20,556,118 | |||||||||||||||||||||
|
Current liabilities |
(3,662,811 | ) | (1,120,077 | ) | (109,016 | ) | (3,284,090 | ) | (937,668 | ) | (9,669,053 | ) | (18,782,715 | ) | ||||||||||||||
|
Non-current liabilities |
(1,681,182 | ) | (2,337,612 | ) | (2,337 | ) | (855,791 | ) | (2,172,226 | ) | (2,856,498 | ) | (9,905,646 | ) | ||||||||||||||
|
Equity |
3,204,405 | 306,979 | 529,418 | 2,733,953 | 641,810 | 4,919,866 | 12,336,431 | |||||||||||||||||||||
|
Non-controlling interests |
1,271,750 | 92,094 | 211,767 | 1,290,450 | 514,200 | 945,962 | 4,326,223 | |||||||||||||||||||||
|
Sales |
15,417,550 | 1,244,711 | 1,076,455 | 5,352,395 | 1,657,890 | 23,251,563 | 48,000,564 | |||||||||||||||||||||
|
Profit (loss) for the period |
113,832 | (187,151 | ) | 41,829 | (760,187 | ) | (130,809 | ) | (461,034 | ) | (1,383,520 | ) | ||||||||||||||||
|
Profit (loss) attributable to non-controlling interests |
45,177 | (56,145 | ) | 16,732 | (358,815 | ) | (14,357 | ) | (312,297 | ) | (679,705 | ) | ||||||||||||||||
|
Cash flows from operating activities |
337,338 | 45,672 | 30,295 | (211,182 | ) | 18,107 | 53,050 | 273,280 | ||||||||||||||||||||
|
Cash flows from investing activities |
(35,054 | ) | (8,804 | ) | (42,021 | ) | (102,939 | ) | (1,047 | ) | (253,206 | ) | (443,071 | ) | ||||||||||||||
|
Cash flows from financing activities (before dividends to non-controlling interest) |
(295,226 | ) | (36,286 | ) | (1,250 | ) | (20,953 | ) | (2,875 | ) | 204,797 | (151,793 | ) | |||||||||||||||
|
Dividend to non-controlling interest |
(22,597 | ) | — | (4,726 | ) | (14,800 | ) | (24,378 | ) | (7,349 | ) | (73,850 | ) | |||||||||||||||
|
Effect of exchange rate fluctuation on cash held |
10 | 67 | 1 | 760 | — | 1,687 | 2,525 | |||||||||||||||||||||
|
Net increase (decrease) in cash and cash equivalents |
(15,529 | ) | 649 | (17,701 | ) | (349,114 | ) | (10,193 | ) | (1,021 | ) | (392,909 | ) | |||||||||||||||
3) December 31, 2017
| POSCO DAEWOO Corporation |
PT. KRAKATAU POSCO |
POSCO CHEMTECH |
POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
POSCO ENERGY CO., LTD. |
Others | Total | ||||||||||||||||||||||
| (in millions of Won) | ||||||||||||||||||||||||||||
|
Current assets |
￦ | 4,483,544 | 557,041 | 441,325 | 4,878,251 | 1,054,538 | 8,579,813 | 19,994,512 | ||||||||||||||||||||
|
Non-current assets |
4,590,394 | 2,771,504 | 316,724 | 2,444,616 | 2,859,824 | 6,676,559 | 19,659,621 | |||||||||||||||||||||
|
Current liabilities |
(4,221,443 | ) | (1,237,255 | ) | (145,649 | ) | (3,896,680 | ) | (785,462 | ) | (8,313,902 | ) | (18,600,391 | ) | ||||||||||||||
|
Non-current liabilities |
(1,549,013 | ) | (1,933,247 | ) | (970 | ) | (833,403 | ) | (2,200,065 | ) | (2,048,454 | ) | (8,565,152 | ) | ||||||||||||||
|
Equity |
3,303,482 | 158,043 | 611,430 | 2,592,784 | 928,835 | 4,894,016 | 12,488,590 | |||||||||||||||||||||
|
Non-controlling interests |
1,224,303 | 47,413 | 244,572 | 1,223,816 | 762,390 | 974,941 | 4,477,435 | |||||||||||||||||||||
|
Sales |
20,891,526 | 1,635,837 | 1,163,918 | 5,794,532 | 1,578,026 | 23,547,072 | 54,610,911 | |||||||||||||||||||||
|
Profit (loss) for the period |
115,321 | (117,729 | ) | 101,019 | 169,011 | 70,795 | 258,053 | 596,470 | ||||||||||||||||||||
|
Profit (loss) attributable to non-controlling interests |
42,739 | (35,318 | ) | 40,408 | 79,775 | 7,770 | 39,605 | 174,979 | ||||||||||||||||||||
|
Cash flows from operating activities |
128,875 | (27,817 | ) | 20,042 | (84,840 | ) | 30,295 | 140,418 | 206,973 | |||||||||||||||||||
|
Cash flows from investing activities |
(86,365 | ) | (5,502 | ) | (18,699 | ) | (171,924 | ) | (2,792 | ) | (63,621 | ) | (348,903 | ) | ||||||||||||||
|
Cash flows from financing activities (before dividends to non-controlling interest) |
(19,295 | ) | 31,782 | 8 | 150,801 | 220,317 | (38,090 | ) | 345,523 | |||||||||||||||||||
|
Dividend to non-controlling interest |
(22,597 | ) | — | (7,088 | ) | — | (24,183 | ) | (12,777 | ) | (66,645 | ) | ||||||||||||||||
|
Effect of exchange rate fluctuation on cash held |
(459 | ) | (147 | ) | (6 | ) | (3,541 | ) | — | (15,532 | ) | (19,685 | ) | |||||||||||||||
|
Net increase (decrease) in cash and cash equivalents |
159 | (1,684 | ) | (5,743 | ) | (109,504 | ) | 223,637 | 10,398 | 117,263 | ||||||||||||||||||