SHINHAN FINANCIAL GROUP CO LTD | CIK:0001263043 | 3

  • Filed: 4/30/2018
  • Entity registrant name: SHINHAN FINANCIAL GROUP CO LTD (CIK: 0001263043)
  • Generator: Fujitsu
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    • ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory

    6. Investment in subsidiaries

     

      (a) Summarized financial information of the subsidiaries

     

      i) Condensed financial position for the controlling company and the Group’s major subsidiaries as of December 31, 2016 and 2017 are as follows:

     

        2016     2017  
        Total
    assets    		     Total
    liabilities    		     Total
    equity    		     Total
    assets    		     Total
    liabilities    		     Total
    equity    		  

    Shinhan Financial Group (Separate)

    		   W 27,195,607       6,977,746       20,217,861       27,639,783       7,447,705       20,192,078  

    Shinhan Bank

    		     302,854,623       281,387,650       21,466,973       324,312,890       301,660,027       22,652,863  

    Shinhan Card Co., Ltd.

    		     24,419,886       18,537,340       5,882,546       26,367,562       20,092,443       6,275,119  

    Shinhan Investment Corp.

    		     25,554,489       22,478,057       3,076,432       28,644,288       25,391,599       3,252,689  

    Shinhan Life Insurance Co., Ltd.

    		     27,499,836       25,814,288       1,685,548       29,719,359       27,987,427       1,731,932  

    Shinhan Capital Co., Ltd.

    		     4,506,750       3,862,388       644,362       5,315,366       4,603,786       711,580  

    Jeju Bank

    		     5,184,831       4,849,180       335,651       5,562,924       5,158,123       404,801  

    Shinhan Credit Information
    Co., Ltd.

    		     23,077       8,897       14,180       22,726       8,144       14,582  

    Shinhan Alternative Investment Management Inc.

    		     114,853       103,358       11,495       86,902       76,250       10,652  

    Shinhan BNP Paribas AMC

    		     161,161       13,354       147,807       174,839       18,286       156,553  

    SHC Management Co., Ltd.

    		     8,474       262       8,212       9,438       190       9,248  

    Shinhan Data System

    		     34,403       21,565       12,838       39,799       24,446       15,353  

    Shinhan Savings Bank

    		     970,146       839,328       130,818       1,287,170       1,139,533       147,637  

    Shinhan Aitas Co., Ltd.

    		     53,886       8,434       45,452       58,158       6,209       51,949  

    Shinhan REITs Management

    		     —         —         —         29,319       71       29,248  

     

    (*1) Condensed financial information of the subsidiaries is based on the consolidated financial information, if applicable.
    (*2) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded.

     

      ii) Condensed comprehensive income statement for the controlling company and the Group’s major subsidiaries for the years ended December 31, 2015, 2016 and 2017 were as follows:

     

        2015     2016     2017  
        Operating
    revenue    		     Net
    income    		     Total com-
    prehensive
    income    		     Operating
    revenue    		     Net
    income    		     Total com-
    prehensive
    income    		     Operating
    revenue    		     Net
    income    		     Total com-
    prehensive
    income    		  

    Shinhan Financial Group (separate)

    		   W 1,201,949       893,041       893,328       1,739,924       1,470,250       1,469,850       1,008,868       754,727       755,018  

    Shinhan Bank

    		     14,656,853       1,489,988       1,197,961       16,672,337       1,940,621       1,717,969       21,240,193       1,711,233       1,495,500  

    Shinhan Card Co., Ltd.

    		     4,740,139       694,774       629,164       4,672,819       707,344       558,438       5,186,592       898,723       787,956  

    Shinhan Investment Corp.

    		     4,734,162       215,454       225,342       4,549,941       115,440       120,238       5,558,862       211,919       195,910  

    Shinhan Life Insurance Co., Ltd.

    		     5,460,671       100,221       115,083       5,693,702       150,556       109,754       5,997,997       120,642       46,062  

    Shinhan Capital Co., Ltd.

    		     380,867       46,081       52,754       302,710       33,868       34,059       351,772       87,647       88,128  

    Jeju Bank

    		     167,479       19,397       14,665       190,191       25,160       19,969       208,661       25,143       22,053  

    Shinhan Credit Information Co., Ltd.

    		     27,279       723       610       24,975       (1,174 )      (1,047 )      32,836       340       377  

    Shinhan Alternative Investment Management Inc.

    		     373,577       6,401       6,602       2,404       512       844       29,410       (844 )      (842 ) 

    Shinhan BNP Paribas AMC

    		     83,718       23,653       23,721       69,834       14,302       14,363       77,474       19,705       20,073  

    SHC Management Co., Ltd.

    		     287       215       215       115       416       416       177       1,036       1,036  

    Shinhan Data System

    		     73,096       1,046       872       79,004       1,186       2,617       79,063       1,404       2,482  

    Shinhan Savings Bank

    		     60,927       8,017       5,198       64,229       12,505       11,170       78,516       16,800       16,757  

    Shinhan Aitas Co., Ltd.

    		     32,949       6,415       6,415       37,061       7,631       7,631       40,781       6,481       6,481  

    Shinhan REITs Management

    		     —         —         —         —         —         —         70       (752 )      (752 ) 

     

    (*1) Condensed financial information of the subsidiaries is based on the consolidated financial information, if applicable.
    (*2) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded.

     

     

      (b) Change in subsidiaries

    i) Change in material consolidated subsidiaries during the year ended December 31, 2016 are as follows:

     

        

    Company

    		   

    Description

    Included    Shinhan Microfinance Co., Ltd.    Newly established subsidiary
    ”    PT Shinhan Sekuritas Indonesia    Acquisition
    Excluded    PT Centratama Nasional Bank    Business combination under common control
    ”    HKC&T Co., Ltd.    Liquidation

    ii) Change in material consolidated subsidiaries during the year ended December 31, 2017 are as follows:

     

        

    Company

    		   

    Description

    Included

    		    Shinhan REITs Management    Newly invested subsidiary

    Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded.