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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  • ifrs-full:DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory

    The changes in carrying amount of goodwill and other intangible assets for the years ended December 31, 2016 and 2017 were as follows:

    1) For the year ended December 31, 2016

     

        Beginning     Acquisitions     Disposals     Amortization     Impairment
    loss
        Others (*2)     Ending  
        (in millions of Won)  

    Goodwill

      1,461,954                         (95,984     9,161       1,375,131  

    Intellectual property rights

        2,667,086       56,849       (753     (204,112     (16,786     18,887       2,521,171  

    Premium in rental (*1)

        127,949       1,964       (7,526     (243     (1,559     (1,546     119,039  

    Development expense

        135,796       4,027       (60     (61,732     (298     39,279       117,012  

    Port facilities usage rights

        264,801                   (15,217           7,033       256,617  

    Exploration and evaluation assets

        151,144       45,524                   (3,290     (31,110     162,268  

    Customer relationships

        559,809                   (47,790           2,226       514,245  

    Power generation permit

        539,405                                     539,405  

    Other intangible assets

        497,810       52,350       (1,454     (48,910     (7,353     (8,602     483,841  
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     
          6,405,754       160,714       (9,793     (378,004     (125,270     35,328       6,088,729  
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

     

     

    (*1) Premium in rental includes memberships with indefinite useful lives.

     

    (*2) Represents assets transferred from construction-in-progress to intangible assets and assets transferred from property, plant and equipment, adjustments of foreign currency translation difference and others.

    2) For the year ended December 31, 2017

     

        Beginning     Acquisitions     Business
    combination
        Disposals     Amortization     Impairment
    loss
        Others (*2)     Ending  
        (in millions of Won)  

    Goodwill

      1,375,131                               (21,750     (3,543     1,349,838  

    Intellectual property rights

        2,521,171       167,580       47,625       (450     (217,932     (74,524     5,723       2,449,193  

    Premium in rental (*1)

        119,039       6,006             (3,666     (611     (1,661     (797     118,310  

    Development expense

        117,012       3,479             (1,179     (66,847     (694     28,447       80,218  

    Port facilities usage rights

        256,617                         (19,912           72,668       309,373  

    Exploration and evaluation assets

        162,268       91,548                         (56,519     8,647       205,944  

    Customer relationships

        514,245                         (46,508           (792     466,945  

    Power generation permit

        539,405                                           539,405  

    Other intangible assets

        483,841       84,502             (1,641     (57,964     (11,829     (63,866     433,043  
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     
          6,088,729       353,115       47,625       (6,936     (409,774     (166,977     46,487       5,952,269  
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

     

     

    (*1) Premium in rental includes memberships with indefinite useful lives.

     

    (*2) Represents assets transferred from construction-in-progress to intangible assets and assets transferred from property, plant and equipment, adjustments of foreign currency translation difference and others.