SHINHAN FINANCIAL GROUP CO LTD | CIK:0001263043 | 3

  • Filed: 4/30/2018
  • Entity registrant name: SHINHAN FINANCIAL GROUP CO LTD (CIK: 0001263043)
  • Generator: Fujitsu
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1263043/000119312518141173/0001193125-18-141173-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1263043/000119312518141173/shg-20171231.xml
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    • ifrs-full:DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory

    Financial assets and liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2016 and 2017 are as follows:

     

         2016  
         Gross amounts of
    recognized financial
    assets/ liabilities    		      Gross amounts of
    recognized financial
    liabilities set off in
    the statement of
    financial position    		      Net amounts of
    financial assets
    presented in the
    statement of
    financial position    		      Related amounts not set off in the
    statement of financial position    		      Net amount  
                  Financial
    instruments    		      Cash collateral
    received    		     

    Assets:

    		                  

    Derivatives (*1)

    		    W 2,980,805        —          2,980,805        5,049,847        296,155        1,922,783  

    Other financial instruments (*1)

    		      4,904,754        616,774        4,287,980           

    Bonds purchased under repurchase agreements (*2)

    		      12,005,767        —          12,005,767        11,491,811        —          513,956  

    Securities loaned (*2)

    		      685,091        —          685,091        338,947        —          346,144  

    Domestic exchange settlement debit (*3)

    		      30,589,675        24,486,360        6,103,315        27,156        —          6,076,159  

    Receivables from disposal of securities (*4)

    		      1,891        495        1,396        —          —          1,396  

    Insurance receivables

    		      4,069        —          4,069        2,450        —          1,619  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  
         51,172,052        25,103,629        26,068,423        16,910,211        296,155        8,862,057  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

    Liabilities:

    		                  

    Derivatives (*1)

    		      4,438,363        —          4,438,363        5,058,660        467,195        2,661,326  

    Other financial instruments (*1)

    		      4,365,592        616,774        3,748,818           

    Bonds purchased under repurchase agreements (*2)

    		      8,082,626        —          8,082,626        8,082,626        —          —    

    Securities borrowed (*2)

    		      1,490,765        —          1,490,765        1,490,765        —          —    

    Domestic exchange settlement pending (*3)

    		      25,448,312        24,486,360        961,952        957,406        —          4,546  

    Payable from purchase of securities (*4)

    		      500        495        5        5        —          —    

    Insurance payables

    		      2,450        —          2,450        2,450        —          —    
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  
       W 43,828,608        25,103,629        18,724,979        15,591,912        467,195        2,665,872  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

     

        2017  
        Gross amounts of
    recognized financial
    assets/ liabilities    		     Gross amounts of
    recognized financial
    liabilities set off in
    the statement of
    financial position    		     Net amounts of
    financial assets
    presented in the
    statement of
    financial position    		     Related amounts not set off in the
    statement of financial position    		     Net amount  
            Financial
    instruments    		     Cash collateral
    received    		    

    Assets:

    		            

    Derivatives (*1)

    		   W 3,219,982       —         3,219,982       5,626,795       318,813       1,650,337  

    Other financial instruments (*1)

    		     5,911,577       1,535,614       4,375,963        

    Bonds purchased under repurchase agreements (*2)

    		     12,861,514       —         12,861,514       12,312,131       —         549,383  

    Securities loaned (*2)

    		     850,188       —         850,188       633,407       —         216,781  

    Domestic exchange settlement debit (*3)

    		     33,367,006       30,367,425       2,999,581       79,882       —         2,919,699  

    Receivables from disposal of securities (*4)

    		     15,568       1,152       14,416       —         —         14,416  

    Insurance receivables

    		     6,807       —         6,807       3,376       —         3,431  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
        56,232,642       31,904,191       24,328,451       18,655,591       318,813       5,354,047  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Liabilities:

    		            

    Derivatives (*1)

    		     12,625,941       —         12,625,941       6,378,052       —         9,907,535  

    Other financial instruments (*1)

    		     5,195,260       1,535,614       3,659,646        

    Bonds purchased under repurchase agreements (*2)

    		     9,057,138       —         9,057,138       9,057,138       —         —    

    Securities borrowed (*2)

    		     1,450,877       —         1,450,877       1,450,877       —         —    

    Domestic exchange settlement pending (*3)

    		     32,202,236       30,367,425       1,834,811       1,763,331       —         71,480  

    Payable from purchase of securities (*4)

    		     1,519       1,152       367       326       —         41  

    Insurance payables

    		     3,376       —         3,376       3,376       —         —    
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
      W 60,536,347       31,904,191       28,632,156       18,653,100       —         9,979,056  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

    (*1) The Group has certain derivative transactions subject to the ISDA (International Derivatives Swaps and Dealers Association) agreement. According to the ISDA agreement, when credit events (e.g. default) of counterparties occur, all derivative agreements are terminated and set off.
    (*2) Resale and repurchase agreement, securities borrowing and lending agreement are also similar to ISDA agreement with respect to enforceable netting agreements.
    (*3) The Group has legally enforceable right to set off and settles financial assets and liabilities on a net basis under normal business terms. Therefore, domestic exchanges settlement receivables (payables) are recorded on a net basis in the consolidated statements of financial position.
    (*4) Receivables and payables related to settlement of purchase and disposition of enlisted securities are offset and the net amount is presented in the consolidated statement of financial position because the Group currently has a legally enforceable right to set off the recognized amounts and intends to settle on a net basis.