POSCO | CIK:0000889132 | 3

  • Filed: 4/27/2018
  • Entity registrant name: POSCO (CIK: 0000889132)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/889132/000119312518136684/0001193125-18-136684-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/889132/000119312518136684/pkx-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000889132
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  • ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations

    The Company will apply IFRS No. 9 “Financial Instruments” and IFRS No. 15 “Revenue from Contracts with Customers” for the year beginning on January 1, 2018. The Company has completed an analysis of the financial impacts resulting from adoption of new standards and the estimated effect on equity in the consolidated financial statements at the date of initial application based on available information which are summarized as follows.

     

         December 31,
    2017
        IFRS No. 9     IFRS No. 15     Date of initial
    application
    (January 1, 2018)
     
         (in millions of Won)  

    Reserves

       (682,556     (401,344           (1,083,900

    Retained earnings

         42,974,658       368,612       (71,066     43,272,204  

    Non-controlling interests

         3,666,334       (19,545     (59,060     3,587,729  
      

     

     

       

     

     

       

     

     

       

     

     

     
           45,958,436       (52,277     (130,126     45,776,033