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:DisclosureOfInventoriesExplanatory

    9. Inventories

    (a) Inventories as of December 31, 2016 and 2017 are as follows:

     

         2016     2017  
         (in millions of Won)  

    Finished goods

       ₩ 1,200,344       1,526,628  

    Merchandise

         851,325       930,558  

    Semi-finished goods

         1,552,988       1,721,130  

    Raw materials

         1,939,539       2,329,268  

    Fuel and materials

         817,397       808,016  

    Construction inventories

         1,455,115       1,692,092  

    Materials-in-transit

         1,807,816       1,818,576  

    Others

         94,535       103,144  
      

     

     

       

     

     

     
         9,719,059       10,929,412  
      

     

     

       

     

     

     

    Less: Allowance for inventories valuation

         (203,164 )      (135,631 ) 
      

     

     

       

     

     

     
       ₩ 9,515,895       10,793,781  
      

     

     

       

     

     

     

    (b) The changes of allowance for inventories valuation for the years ended December 31, 2015, 2016 and 2017 were as follows:

     

         2015     2016     2017  
         (in millions of Won)  

    Beginning

       ₩ 161,940       231,378       203,164  

    Loss on valuation of inventories

         152,952       152,249       78,560  

    Realization on disposal of inventories

         (77,102 )      (161,458 )      (138,967 ) 

    Others

         (6,412 )      (19,005 )      (7,126 ) 
      

     

     

       

     

     

       

     

     

     

    Ending

       ₩ 231,378       203,164       135,631