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
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    • ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory

    (b) Changes in investments in associates for the years ended December 31, 2016 and 2017 were as follows:

     

         2016  

    Investees

    		    Beginning
    balance    		      Investment
    and
    dividend    		     Equity
    method
    income
    (loss)    		     Change in
    other
    comprehensive
    income    		     Impairment
    loss    		     Ending
    balance    		  

    BNP Paribas Cardif Life Insurance

    		    W 57,280        —         (2,495 )      5,428       —         60,213  

    Aju Capital Co., Ltd. (*1)

    		      34,444        (2,588 )      9,038       (58 )      —         40,836  

    UAMCO., Ltd.

    		      125,822        (128,827 )      2,882       123       —         —    

    Daewontos Co., Ltd. (*3)

    		      —          —         —         —         —         —    

    Neoplux Technology Valuation Investment Fund

    		      1,993        4,768       765       —         —         7,526  

    JAEYOUNG SOLUTEC CO., LTD. (*2)

    		      6,238        —         (504 )      2       —         5,736  

    Partners 4th Growth Investment Fund

    		      1,800        3,080       (325 )      —         —         4,555  

    JAEYANG INDUSTRY (*3)

    		      —          —         —         —         —         —    

    Chungyoung INC

    		      —          —         —         —         —         —    

    DAEKWANG SEMICONDUCTOR CO., LTD.

    		      —          4,776       —         —         —         4,776  

    SHC-IMM New Growth Fund

    		      3,175        (1,189 )      309       —         —         2,295  

    Dream High Fund III

    		      1,556        —         171       1,417       —         3,144  

    SHC-EN Fund

    		      4,312        (4,942 )      630       —         —         —    

    Albatross Growth Fund

    		      3,341        (727 )      347       (1,389 )      —         1,572  

    Asia Pacific No.39 Ship Investment Co., Ltd.

    		      5,085        (837 )      342       586       —         5,176  

    SG No.9 Corporate Recovery Private Equity Fund

    		      —          3,886       96       —         —         3,982  

    Plutus-SG Private Equity Fund

    		      —          4,338       (39 )      —         —         4,299  

    SG ARGES Private Equity Fund No.1

    		      —          8,955       21       —         —         8,976  

    Eum Private Equity Fund No.3

    		      —          5,982       (49 )      —         —         5,933  

    The Asia Pacific Capital Fund II L.P.

    		      33,715        (4,419 )      (7,506 )      (2,872 )      (7,339 )      11,579  

    BNH-CJ Bio Healthcare Fund

    		      9,095        (12,892 )      3,797       —         —         —    

    Korea Investment Gong-pyeong Office Real Estate Investment Trust 2nd

    		      28,010        (28,631 )      1,085       —         —         464  

    Shinhan Praxis K-Growth Global Private Equity Fund

    		      8,614        4,624       (205 )      500       —         13,533  

    Credian Healthcare Private Equity Fund II

    		      —          4,148       (61 )      —         —         4,087  

    Kiwoom Milestone Professional Private Real Estate Trust 19

    		      —          10,944       (183 )      —         —         10,761  

    FG EURO GREEN PRIVATE REAL ESTATE TRUST No.3

    		      —          19,144       461       1,632       —         21,237  

    Brain Professional Private Trust No.4

    		      —          5,000       316       —         —         5,316  

    Hanhwa US Equity Strategy Private Real Estate Fund No.1

    		      —          25,000       747       17       —         25,764  

    Brain KS Qualified Privately Placed Fund No.6

    		      —          5,001       (13 )      (92 )      —         4,896  

    M360 CRE Income Fund

    		      —          22,992       —         175       —         23,167  

    SHBNPP Private Korea Equity Long-Short Professional Feeder

    		      28,076        (13,467 )      (429 )      —         —         14,180  

     

     

         2016  

    Investees

    		    Beginning
    balance    		      Investment
    and
    dividend    		     Equity
    method
    income
    (loss)    		      Change in
    other
    comprehensive
    income    		     Impairment
    loss    		     Ending
    balance    		  

    SHBNPP Private Multi Strategy Professional Feeder No.1

    		    W —          5,000       14        —         —         5,014  

    Shinhan-Stonebridge Petro PEF

    		      17,841        (2 )      648        —         —         18,487  

    Others

    		      22,609        17,008       135        (3,656 )      —         36,096  
      

     

     

    		     

     

     

    		    

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		  
       W 393,006        (43,875 )      9,995        1,813       (7,339 )      353,600  
      

     

     

    		     

     

     

    		    

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		  

     

    (*1) The market value of the investment is W51,543 million as of December 31, 2016 based on the quoted market price.
    (*2) The market value of the investment is W10,466 million as of December 31, 2016 based on the quoted market price.
    (*3) The Group has stopped recognizing its equity method income or loss due to the investees’ cumulative loss.

     

     

         2017  

    Investees

    		    Beginning
    balance    		      Investment
    and
    dividend    		     Equity
    method
    income
    (loss)    		     Change in
    other
    comprehensive
    income    		     Impairment
    loss    		      Ending
    balance    		  

    BNP Paribas Cardif Life Insurance

    		    W 60,213        (255 )      3,682       (11,024 )      —          52,616  

    Aju Capital Co., Ltd.

    		      40,836        (42,022 )      438       748       —          —    

    Daewontos Co., Ltd. (*2)

    		      —          —         —         —         —          —    

    Neoplux Technology Valuation Investment Fund

    		      7,526        3,890       1,564       490       —          13,470  

    JAEYOUNG SOLUTEC CO., LTD. (*1)

    		      5,736        —         (2,009 )      122       —          3,849  

    Partners 4th Growth Investment Fund

    		      4,555        9,220       (385 )      —         —          13,390  

    JAEYANG INDUSTRY (*2)

    		      —          —         —         —         —          —    

    Chungyoung INC (*2)

    		      —          —         —         —         —          —    

    DAEKWANG SEMICONDUCTOR CO., LTD.

    		      4,776        —         (952 )      —         —          3,824  

    Dream High Fund III

    		      3,144        —         (109 )      (830 )      —          2,205  

    Asia Pacific No.39 Ship Investment Co., Ltd.

    		      5,176        (802 )      300       8       —          4,682  

    KCLAVIS Meister Fund No.17

    		      2,989        —         50       —         —          3,039  

    SG No.9 Corporate Recovery Private Equity Fund

    		      3,982        (192 )      173       —         —          3,963  

    Plutus-SG Private Equity Fund

    		      4,299        (132 )      84       —         —          4,251  

    SG ARGES Private Equity Fund No.1

    		      8,976        (2,754 )      200       —         —          6,422  

    OST Progress- 2 Fund

    		      1,460        3,500       (65 )      —         —          4,895  

    Eum Private Equity Fund No.3

    		      5,933        (1,362 )      354       —         —          4,925  

    Richmond Private Yong in Retail Facility Real Estate Fund No.1

    		      —          7,223       878       —         —          8,101  

    KTB Confidence Private Placement

    		      —          4,927       377       1,099       —          6,403  

    Meritz AI-SingA330-A Investment Type Private Placement Special Asset Fund

    		      —          6,504       457       (204 )      —          6,757  

    Meritz AI-SingA330-B Investment Type Private Placement Special Asset Fund

    		      —          8,012       628       (253 )      —          8,387  

    Pine Asia Unsecured Individual Rehabilitation Bond Fund 18

    		      —          5,867       145       —         —          6,012  

    Platform Partners brick save Private Investment trust

    		      —          7,877       192       —         —          8,069  

    Synergy-Shinhan Mezzanine New Technology Investment Fund

    		      —          5,000       (1 )      —         —          4,999  

    The Asia Pacific Capital Fund II L.P.

    		      11,579        454       (901 )      (3,825 )      —          7,307  

    Shinhan Praxis K-Growth Global Private Equity Fund

    		      13,533        6,415       (1,590 )      596       —          18,954  

    Credian Healthcare Private Equity Fund II

    		      4,087        —         7       (281 )      —          3,813  

    Kiwoom Milestone Professional Private Real Estate Trust 19

    		      10,761        (222 )      (131 )      —         —          10,408  

     

     

         2017  

    Investees

    		    Beginning
    balance    		      Investment
    and
    dividend    		     Equity
    method
    income
    (loss)    		     Change in
    other
    comprehensive
    income    		     Impairment
    loss    		     Ending
    balance    		  

    FG EURO GREEN PRIVATE REAL ESTATE TRUST No.3

    		    W 21,237        (841 )      641       (577 )      —         20,460  

    Brain Professional Private Trust No.4

    		      5,316        —         529       2       —         5,847  

    Hanhwa US Equity Strategy Private Real Estate Fund No.1

    		      25,764        (1,859 )      1,591       (17 )      —         25,479  

    Brain KS Qualified Privately Placed Fund No.6

    		      4,896        —         (78 )      (13 )      —         4,805  

    M360 CRE Income Fund

    		      23,167        132,768       9,270       (11,300 )      —         153,905  

    Shinhan Global Healthcare Fund 1

    		      —          3,440       (33 )      —         —         3,407  

    JB Power TL Investment Type Private Placement Special Asset Fund 7

    		      —          18,268       422       —         —         18,690  

    IBK AONE convertible 1

    		      —          5,000       122       —         —         5,122  

    Rico synergy collabo Multi-Mezzanine 3

    		      —          5,001       25       —         —         5,026  

    KB NA Hickory Private Special Asset Fund

    		      —          33,362       729       —         —         34,091  

    GB PROFESSIONAL PRIVATE INVESTMENT TRUST 6

    		      —          8,600       —         —         —         8,600  

    Koramco Europe Core Private Real Estate Trust No.2-2

    		      —          21,408       (648 )      —         —         20,760  

    SHBNPP Private Korea Equity Long-Short Professional Feeder

    		      14,180        (9,972 )      653       —         —         4,861  

    SHBNPP Private Multi Strategy Professional Feeder No.1

    		      5,014        (5,049 )      35       —         —         —    

    Shinhan-Stonebridge Petro PEF

    		      18,487        —         714       —         —         19,201  

    BNP Paribas Cardif General Insurance

    		      2,584        2,750       (910 )      5       —         4,429  

    Axis Global Growth New Technology Investment Association

    		      —          5,000       (47 )      —         —         4,953  

    Polaris No.7 Entrepreneur Private Equity Fund

    		      —          4,400       (41 )      —         —         4,359  

    Hermes Private Investment Equity Fund

    		      —          17,500       (3 )      —         —         17,497  

    Others

    		      33,394        21,820       4,036       (45 )      (144 )      59,061  
      

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
       W 353,600        282,744       20,393       (25,299 )      (144 )      631,294  
      

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

    (*1) The market value of the investment is W6,826 million as of December 31, 2017 based on the quoted market price.
    (*2) The Group has stopped recognizing its equity method income or loss due to the investees’ cumulative loss.