KB Financial Group Inc. | CIK:0001445930 | 3

  • Filed: 4/27/2018
  • Entity registrant name: KB Financial Group Inc. (CIK: 0001445930)
  • Generator: Fujitsu
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1445930/000119312518136720/0001193125-18-136720-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1445930/000119312518136720/kb-20171231.xml
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    • ifrs-full:DisclosureOfTreasurySharesExplanatory

    Changes in treasury shares outstanding for the year ended December 31, 2016 and 2017 are as follows:

     

         2016  
         Beginning      Acquisition      Disposal     Ending  
         (In number of shares and millions of Korean won)  

    Number of treasury shares1

    		      —          19,826,100        —         19,826,100  

    Carrying amount1

    		    ￦ —        ￦ 721,973      ￦ —       ￦ 721,973  
         2017  
         Beginning      Acquisition      Disposal     Ending  
         (In number of shares and millions of Korean won)  

    Number of treasury shares1

    		      19,826,100        3,761,823        (4,513,969 )      19,073,954  

    Carrying amount1

    		    ￦ 721,973      ￦ 202,051      ￦ (168,051 )    ￦ 755,973  

     

    1  For the year ended December 31, 2017, the treasury stock trust agreement of ￦800,000 million with Samsung Securities Co., Ltd., which was signed in previous year, was terminated. In order to increase shareholder value, the Group entered in to another treasury stock trust agreement of ￦300,000 million with Samsung Securities Co., Ltd. for the year ended December 31, 2017.