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:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory

    Changes in present value of defined benefit obligations for the years ended December 31, 2016 and 2017 were as follows:

     

         2016     2017  
         (in millions of Won)  

    Defined benefit obligations at the beginning of period

       ₩ 1,714,115       1,733,020  

    Current service costs

         285,706       209,612  

    Interest costs

         39,286       35,830  

    Remeasurements:

         (32,927 )      51,994  

    — Gain from change in financial assumptions

         (72,910 )      (50,218 ) 

    — Loss (gain) from change in demographic assumptions

         (4,140 )      15,952  

    — Others

         44,123       86,260  

    Benefits paid

         (278,278 )      (185,220 ) 

    Others

         5,118       (2,101 ) 
      

     

     

       

     

     

     

    Defined benefit obligations at the end of period

       ₩     1,733,020       1,843,135  
      

     

     

       

     

     

     

    Changes in fair value of plan assets for the years ended December 31, 2016 and 2017 were as follows:

     

         2016     2017  
         (in millions of Won)  

    Fair value of plan assets at the beginning of period

       ₩ 1,532,090       1,693,118  

    Interest on plan assets

         37,385       45,516  

    Remeasurement of plan assets

         (6,963 )      (17,190 ) 

    Contributions to plan assets

         328,671       164,828  

    Benefits paid

         (189,817 )      (168,643 ) 

    Others

         (8,248 )      (3,463 ) 
      

     

     

       

     

     

     

    Fair value of plan assets at the end of period

       ₩     1,693,118       1,714,166