Contingent liabilities on outstanding guarantees provided by the Company as of December 31, 2017 are as follows:
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Guarantee limit |
Guarantee amount | |||||||||||||||||||||
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Guarantors |
Guarantee beneficiary |
Financial |
Foreign currency |
Won equivalent |
Foreign currency |
Won equivalent |
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[The Company] |
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POSCO |
POSCO Asia Co., Ltd. | BOC | USD | 50,000,000 | 53,570 | 50,000,000 | 53,570 | |||||||||||||||
| POSCO ASSAN TST STEEL INDUSTRY | SMBC and others | USD | 146,527,500 | 156,990 | 131,874,750 | 141,291 | ||||||||||||||||
| POSCO COATED STEEL (THAILAND) CO., LTD. | The Great&CO Co.,Ltd (SPC) | THB | 5,501,000,000 | 180,268 | 5,501,000,000 | 180,268 | ||||||||||||||||
| POSCO Maharashtra Steel Private Limited | Export-Import Bank of Korea and others | USD | 649,853,000 | 696,252 | 323,918,500 | 347,045 | ||||||||||||||||
| POSCO MEXICO S.A. DE C.V. | BOA and others | USD | 160,000,000 | 171,424 | 160,000,000 | 171,424 | ||||||||||||||||
| POSCO SS-VINA CO., LTD. | Export-Import Bank of Korea and others | USD | 354,351,050 | 379,652 | 314,599,225 | 337,062 | ||||||||||||||||
| POSCO VST CO., LTD. | ANZ and others | USD | 65,000,000 | 69,641 | 8,125,000 | 8,706 | ||||||||||||||||
| POSCO-VIETNAM Co., Ltd. | Export-Import Bank of Korea | USD | 196,000,000 | 209,994 | 196,000,000 | 209,994 | ||||||||||||||||
| PT. KRAKATAU POSCO | Export-Import Bank of Korea and others | USD | 1,350,300,000 | 1,446,711 | 1,187,394,785 | 1,272,174 | ||||||||||||||||
| Zhangjiagang Pohang Stainless Steel Co., Ltd. | BTMU and others | CNY | 760,500,000 | 124,456 | 684,450,000 | 112,011 | ||||||||||||||||
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POSCO DAEWOO Corporation |
Daewoo Global Development. Pte., Ltd | Export-Import Bank of Korea | USD | 21,633,300 | 23,178 | 21,633,300 | 23,178 | |||||||||||||||
| MIRAE ASSET DAEWOO CO.,LTD. | KRW | 29,137 | 29,137 | 10,703 | 10,703 | |||||||||||||||||
| Daewoo Power PNG Ltd. | Export-Import Bank of Korea | USD | 54,400,000 | 58,284 | 54,400,000 | 58,284 | ||||||||||||||||
| Daewoo Textile LLC | Export-Import Bank of Korea | USD | 4,000,000 | 4,286 | 4,000,000 | 4,286 | ||||||||||||||||
| POSCO ASSAN TST STEEL INDUSTRY | ING and others | USD | 14,652,750 | 15,699 | 14,652,750 | 15,699 | ||||||||||||||||
| POSCO DAEWOO INDIA PVT., LTD. | Shinhan Bank and others | USD | 162,400,000 | 173,995 | 51,237,684 | 54,896 | ||||||||||||||||
| SC Bank and others | INR | 7,350,000,000 | 122,892 | 2,037,278,075 | 34,063 | |||||||||||||||||
| PT. Bio Inti Agrindo | Export-Import Bank of Korea and others | USD | 120,875,000 | 129,505 | 120,875,000 | 129,505 | ||||||||||||||||
| Songdo Posco family Housing | SAMSUNG SECURITIES CO.,LTD and others | KRW | 70,000 | 70,000 | 49,500 | 49,500 | ||||||||||||||||
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POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
POSCO E&C Vietnam Co., Ltd. | Export-Import Bank of Korea | USD | 30,000,000 | 32,142 | 30,000,000 | 32,142 | |||||||||||||||
| HONG KONG POSCO E&C (CHINA) INVESTMENT Co., Ltd. | Woori Bank and others | USD | 138,000,000 | 147,853 | 138,000,000 | 147,853 | ||||||||||||||||
| POSCO ENGINEERING & CONSTRUCTION DO BRAZIL LTDA. | HSBC | USD | 100,000,000 | 107,140 | 100,000,000 | 107,140 | ||||||||||||||||
| POSCO ENGINEERING (THAILAND) CO., LTD. | POSCO Asia Co., Ltd | USD | 39,451,000 | 42,268 | 39,451,000 | 42,268 | ||||||||||||||||
| POSCO Engineering and Construction India Private Limited | Woori Bank | USD | 2,100,000 | 2,250 | 2,100,000 | 2,250 | ||||||||||||||||
| PT PEN INDONESIA | POSCO Asia Co., Ltd. | USD | 5,000,000 | 5,357 | 5,000,000 | 5,357 | ||||||||||||||||
| PT. POSCO E&C INDONESIA | BNP Indonesia | IDR | 79,000,000,000 | 6,241 | 79,000,000,000 | 6,241 | ||||||||||||||||
| Songdo Posco family Housing | SAMSUNG SECURITIES CO.,LTD and others | KRW | 70,000 | 70,000 | 49,500 | 49,500 | ||||||||||||||||
| Daewoo Global Development. Pte., Ltd | POSCO Asia Co., Ltd. and others | USD | 68,719,200 | 73,626 | 59,088,100 | 63,307 | ||||||||||||||||
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POSCO ICT |
PT.POSCO ICT INDONESIA | POSCO Asia Co., Ltd. | USD | 1,500,000 | 1,607 | 1,500,000 | 1,607 | |||||||||||||||
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POSCO CHEMTECH |
PT.Krakatau Posco Chemtech Calcination | Hana Bank | USD | 33,600,000 | 35,999 | 20,705,882 | 22,184 | |||||||||||||||
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POSCO COATED & COLOR STEEL Co., Ltd. |
Myanmar POSCO C&C Company, Limited. | POSCO Asia Co., Ltd. and others | USD | 13,986,947 | 14,985 | 13,986,947 | 14,985 | |||||||||||||||
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POSCO ENERGY CO., LTD. |
PT. KRAKATAU POSCO ENERGY | Export-Import Bank of Korea and others | USD | 193,900,000 | 207,744 | 137,396,174 | 147,206 | |||||||||||||||
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POSCO Asia Co., Ltd. |
POSCO ASSAN TST STEEL INDUSTRY | SMBC | USD | 25,000,000 | 26,785 | 25,000,000 | 26,785 | |||||||||||||||
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[Associates and joint ventures] |
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POSCO |
CSP — Compania Siderurgica do Pecem | Export-Import Bank of Korea and others | USD | 420,000,000 | 449,990 | 420,000,000 | 449,990 | |||||||||||||||
| BNDES | BRL | 464,060,000 | 150,100 | 464,060,000 | 150,100 | |||||||||||||||||
| LLP POSUK Titanium | SMBC | USD | 15,000,000 | 16,071 | 15,000,000 | 16,071 | ||||||||||||||||
| Nickel Mining Company SAS | SMBC | EUR | 46,000,000 | 58,846 | 37,000,000 | 47,332 | ||||||||||||||||
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POSCO DAEWOO Corporation |
GLOBAL KOMSCO Daewoo LLC | Industrial & Commercial Bank of China | USD | 8,225,000 | 8,812 | 8,225,000 | 8,812 | |||||||||||||||
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POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
New Songdo International City Development, LLC | Others | KRW | 340,000 | 340,000 | 317,900 | 317,900 | |||||||||||||||
| UITrans LRT Co., Ltd. | Kookmin Bank and others | KRW | 20,740 | 20,740 | 20,740 | 20,740 | ||||||||||||||||
| Chun-cheon Energy Co., Ltd | Kookmin Bank and others | KRW | 11,600 | 11,600 | 10,993 | 10,993 | ||||||||||||||||
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POSCO ICT |
Incheon-Gimpo Expressway co., Ltd. | Korea Development Bank | KRW | 100,000 | 100,000 | 100,000 | 100,000 | |||||||||||||||
| UITrans LRT Co., Ltd. | Kookmin Bank | KRW | 76,000 | 76,000 | 76,000 | 76,000 | ||||||||||||||||
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POSCO CHEMTECH |
KRAKATAU POS-CHEM DONG-SUH CHEMICAL | Hana Bank | USD | 1,140,000 | 1,221 | 1,140,000 | 1,221 | |||||||||||||||
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POSCO(Suzhou) Automotive Processing Center Co.,Ltd. |
POS-InfraAuto (Suzhou) Co., Ltd | Korea Development Bank | USD | 780,000 | 836 | 780,000 | 836 | |||||||||||||||
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[Others] |
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POSCO DAEWOO Corporation |
Ambatovy Project Investments Limited and others | Export-Import Bank of Korea | USD | 87,272,727 | 93,504 | 28,325,258 | 30,348 | |||||||||||||||
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POSCO ENGINEERING & CONSTRUCTION CO., LTD. |
Ecocity CO.,LTD and others | Others | KRW | 960,011 | 960,011 | 446,098 | 446,098 | |||||||||||||||
| AN KHANH NEW CITY DEVELOPMENT J.V CO., LTD. | POSCO Asia Co., Ltd. and others | USD | 150,000,000 | 160,710 | 150,000,000 | 160,710 | ||||||||||||||||
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POSCO ICT |
SMS Energy and others | Hana Bank and others | KRW | 104,880 | 104,880 | 73,676 | 73,676 | |||||||||||||||
| Hyochun CO., LTD | Daegu Bank and others | KRW | 39,575 | 39,575 | 39,575 | 39,575 | ||||||||||||||||
| BLT Enterprise and others | Kyobo Life Insurance Co.,Ltd and others | KRW | 1,163,585 | 1,163,585 | 1,163,585 | 1,163,585 | ||||||||||||||||
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POSCO AUSTRALIA PTY LTD |
Department of Trade and Investment(NSW Government) | Woori Bank and others | AUD | 25,260,721 | 21,097 | 25,260,721 | 21,097 | |||||||||||||||
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| USD | 4,683,667,474 | 5,018,081 | 3,834,409,355 | 4,108,186 | ||||||||||||||||||
| KRW | 2,985,528 | 2,985,528 | 2,358,270 | 2,358,270 | ||||||||||||||||||
| CNY | 760,500,000 | 124,456 | 684,450,000 | 112,011 | ||||||||||||||||||
| INR | 7,350,000,000 | 122,892 | 2,037,278,075 | 34,063 | ||||||||||||||||||
| IDR | 79,000,000,000 | 6,241 | 79,000,000,000 | 6,241 | ||||||||||||||||||
| THB | 5,501,000,000 | 180,268 | 5,501,000,000 | 180,268 | ||||||||||||||||||
| EUR | 46,000,000 | 58,846 | 37,000,000 | 47,332 | ||||||||||||||||||
| AUD | 25,260,721 | 21,097 | 25,260,721 | 21,097 | ||||||||||||||||||
| BRL | 464,060,000 | 150,100 | 464,060,000 | 150,100 | ||||||||||||||||||
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