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:DisclosureOfDeferredTaxesExplanatory

    (e) Deferred tax assets and liabilities as of December 31, 2016 and 2017 are as follows:

     

        2016     2017  
        Assets     Liabilities     Net     Assets     Liabilities     Net  
        (in millions of Won)  

    Deferred income tax due to temporary differences

               

    Allowance for doubtful accounts

      213,119             213,119       273,994             273,994  

    Reserve for technology developments

              (91,960     (91,960           (37,987     (37,987

    PP&E — Depreciation

        50,843       (62,482     (11,639     59,912       (45,271     14,641  

    Share of profit or loss of equity-accounted investees

        178,538       (108,279     70,259       236,637       (40,595     196,042  

    Allowance for inventories valuation

        15,651             15,651       10,780             10,780  

    PP&E — Revaluation

              (1,524,149     (1,524,149           (1,828,164     (1,828,164

    Prepaid expenses

        19,665             19,665       20,000             20,000  

    PP&E — Impairment loss

        5,397       (102     5,295       5,639       (99     5,540  

    Gain or loss on foreign currency translation

        99,836       (105,793     (5,957     113,760       (162,232     (48,472

    Defined benefit obligations

        361,838             361,838       430,117             430,117  

    Plan assets

              (316,525     (316,525           (352,654     (352,654

    Provision for construction losses

        997             997       441             441  

    Provision for construction warranty

        24,322             24,322       28,717             28,717  

    Accrued income

              (9,441     (9,441           (12,915     (12,915

    Impairment loss on AFS

        245,168             245,168       202,795             202,795  

    Difference in acquisition costs of treasury shares

        62,099             62,099       70,547             70,547  

    Others

        452,425       (48,677     403,748       473,025       (97,017     376,008  
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     
        1,729,898       (2,267,408     (537,510     1,926,364       (2,576,934     (650,570
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Deferred income taxes recognized directly to equity

               

    Loss (gain) on valuation of available-for-sale investments

        50,245       (100,752     (50,507     110,865       (160,101     (49,236

    Others

        65,532       (13,700     51,832       92,981       (20,820     72,161  
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     
        115,777       (114,452     1,325       203,846       (180,921     22,925  
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     

    Deferred tax from tax credit

               

    Tax credit carry-forward and others

        307,335             307,335       118,032             118,032  

    Investments in subsidiaries, associates and joint ventures

               

    Investments in subsidiaries, associates and joint ventures

        561,506       (475,376     86,130       563,406       (494,980     68,426  
     

     

     

       

     

     

       

     

     

       

     

     

       

     

     

       

     

     

     
          2,714,516       (2,857,236     (142,720     2,811,648       (3,252,835     (441,187