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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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000889132
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  • ifrs-full:DisclosureOfOtherAssetsExplanatory

    16. Other Assets

    Other current assets and other non-current assets as of December 31, 2016 and 2017 are as follows:

     

         2016      2017  
         (in millions of Won)  

    Current

         

    Advance payment

       787,452        661,779  

    Prepaid expenses

         105,102        143,032  

    Firm commitment asset

                15,115  

    Others

         1,930        1,316  
      

     

     

        

     

     

     
         894,484        821,242  
      

     

     

        

     

     

     

    Non-current

         

    Long-term advance payment

         27,189        24,201  

    Long-term prepaid expenses

         380,678        333,153  

    Others (*1)

         159,813        131,657  
      

     

     

        

     

     

     
       567,680        489,011  
      

     

     

        

     

     

     

     

     

    (*1) As of December 31, 2016 and 2017, the Company recognized tax assets amounting to 100,693 million and 88,633 million, respectively, based on the Company’s best estimate of the tax amounts to be refunded when the result of the Company’s appeal in connection with the additional income tax payment in prior years’ tax audits that were finalized and claim for rectification are finalized.