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:DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory

    Summarized financial information on major associates, adjustments to carrying amount of investment in associates and joint ventures and dividends received from the associates and joint ventures are as follows:

     

        20161  
        Total
    assets    		     Total
    liabilities    		     Share
    capital    		     Equity     Share of
    net asset
    amount    		     Unrealized
    gains
    (losses)    		     Consolidated
    carrying
    amount    		  
        (In millions of Korean won)  

    Associates

    		              

    KB Insurance Co., Ltd.

    		              

    (initial acquisition 22.59%)

    		   ￦ 30,949,859     ￦ 27,357,084     ￦ 33,250     ￦ 3,592,775     ￦ 810,704     ￦ (1,126 )    ￦ 1,392,194  

    (additional acquisition 10.70%)

    		     31,071,846       27,386,605       33,250       3,685,241       393,678      

    (additional acquisition 6.52%)3

    		     30,038,426       27,136,518       33,250       2,901,908       188,938      

    Balhae Infrastructure Fund

    		     1,059,008       2,288       1,061,216       1,056,720       133,200       —         133,200  

    Korea Credit Bureau Co., Ltd.

    		     71,245       17,322       10,000       53,923       4,853       —         4,853  

    JSC Bank CenterCredit

    		     4,510,673       4,578,854       546,794       (68,181 )      (32,191 )      32,191       —    

    KoFC KBIC Frontier Champ 2010-5(PEF)

    		     50,213       2       47,970       50,211       25,105       (386 )      24,719  

    KB GwS Private Securities Investment Trust

    		     498,606       741       425,814       497,865       133,150       (3,472 )      129,678  

    Incheon Bridge Co., Ltd.

    		     660,858       656,000       164,621       4,858       728       —         728  

    KoFC POSCO HANHWA KB shared growth Private Equity Fund No. 2

    		     100,252       1,094       90,800       99,158       24,789       —         24,789  

    Aju Good Technology Venture Fund

    		     5,249       181       5,200       5,068       1,949       49       1,998  

    KB Star office Private real estate Investment Trust No.1

    		     216,988       120,943       95,000       96,045       20,220       (413 )      19,807  

    KBIC Private Equity Fund No. 3

    		     119,885       76       102,500       119,809       2,396       —         2,396  

    RAND Bio Science Co., Ltd.

    		     2,720       5       83       2,715       2,000       —         2,000  

    isMedia Co., Ltd.2

    		     41,192       20,925       2,520       20,267       3,978       —         3,978  

    KB No.8 Special Purpose Acquisition Company

    		     22,743       2,265       1,031       20,478       19       —         19  

    KB No.9 Special Purpose Acquisition Company

    		     29,677       2,503       1,382       27,174       31       —         31  

    KB No.10 Special Purpose Acquisition Company

    		     11,795       1,628       521       10,167       20       —         20  

    KB No.11 Special Purpose Acquisition Company

    		     991       714       21       277       13       —         13  

    KB-Glenwood Private Equity Fund

    		     30,558       3,204       31,100       27,354       10       —         10  

    IMM Investment 5th PRIVATE EQUITY FUND

    		     10,114       1       10,114       10,113       9,999       —         9,999  

    Hyundai-Tongyang Agrifood Private Equity Fund

    		     15,910       375       15,360       15,535       3,957       —         3,957  

    Keystone-Hyundai Securities No. 1 Private Equity Fund

    		     112,865       73,429       34,114       39,436       1,850       —         1,850  

    KB Private Equity Fund III2

    		     51,000       —         51,000       51,000       8,000       —         8,000  

    Inno Lending Co., Ltd.

    		     1,903       1       2,000       1,902       378       —         378  

    SY Auto Capital Co., Ltd.

    		     65,292       38,981       20,000       26,311       26,311       (20,618 )      5,693  

     

        20161  
        Operating
    income    		     Profit (loss)     Other
    comprehensive
    income    		     Total
    comprehensive
    income    		     Dividends  
        (In millions of Korean won)  

    Associates

    		          

    KB Insurance Co., Ltd.

    		          

    (initial acquisition 22.59%)

    		   ￦ 11,229,942     ￦ 253,362     ￦ (19,150 )    ￦ 234,212     ￦ 7,989  

    (additional acquisition 10.70%)

    		     11,247,685       274,678       (39,203 )      235,475    

    Balhae Infrastructure Fund

    		     55,541       46,428       —         46,428       5,654  

    Korea Credit Bureau Co., Ltd.

    		     59,868       3,517       —         3,517       135  

    JSC Bank CenterCredit

    		     157,996       (13,912 )      (15,374 )      (29,286 )      1  

    KoFC KBIC Frontier Champ 2010-5(PEF)

    		     3,045       2,001       2,390       4,391       —    

    KB GwS Private Securities Investment Trust

    		     36,502       35,513       —         35,513       7,355  

    Incheon Bridge Co., Ltd.

    		     98,341       17,449       —         17,449       —    

    KoFC POSCO HANHWA KB shared growth Private Equity Fund No. 2

    		     22,411       15,002       872       15,874       —    

    KB Star office Private real estate Investment Trust No.1

    		     16,314       7,460       —         7,460       1,679  

    KBIC Private Equity Fund No. 3

    		     2,641       2,361       —         2,361       —    

    RAND Bio Science Co., Ltd.

    		     —         (112 )      —         (112 )      —    

    KB No.8 Special Purpose Acquisition Company

    		     —         317       276       593       —    

    KB No.9 Special Purpose Acquisition Company

    		     —         129       25,392       25,521       —    

    KB No.10 Special Purpose Acquisition Company

    		     —         (22 )      —         (22 )      —    

    KB No.11 Special Purpose Acquisition Company

    		     —         (12 )      —         (12 )      —    

    KB-Glenwood Private Equity Fund

    		     —         (542 )      —         (542 )      —    

    IMM Investment 5th PRIVATE EQUITY FUND

    		     —         (1 )      —         (1 )      —    

    Hyundai-Tongyang Agrifood Private Equity Fund

    		     519       (5,258 )      —         (5,258 )      —    

    Keystone-Hyundai Securities No. 1 Private Equity Fund

    		     197       (626 )      —         (626 )      —    

    Inno Lending Co., Ltd.

    		     —         (98 )      —         (98 )      —    

    SY Auto Capital Co., Ltd.

    		     20,340       6,962       —         6,962       —    

    Aju Good Technology Venture Fund

    		     50       (128 )      —         (128 )      —    

     

    1  The amounts included in the financial statements of the associates are adjusted to reflect adjustments made by the entity; such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies.
    2  Details of profit or loss are not disclosed as the entity is classified as an associate during the fourth quarter.
    3 Details of profit or loss are not disclosed as the 3rd share acquisition of KB Insurance Co., Ltd. occurred on December 29, 2016.

     

        20171  
        Total
    assets    		     Total
    liabilities    		     Share
    capital    		     Equity     Share of
    net asset
    amount    		     Unrealized
    gains
    (losses)    		     Consolidated
    carrying
    amount    		  
        (In millions of Korean won)  

    Associates and Joint ventures

    		              

    KB Pre IPO Secondary Venture Fund 1st

    		   ￦ 10,908     ￦ 30     ￦ 11,000     ￦ 10,878     ￦ 1,601     ￦ —       ￦ 1,601  

    KB GwS Private Securities Investment Trust

    		     505,115       741       425,814       504,374       134,891       (3,471 )      131,420  

    KB-KDBC New Technology Business Investment Fund

    		     7,503       45       7,500       7,458       4,972       —         4,972  

    KB Star office Private real estate Investment Trust No.1

    		     216,041       120,462       95,000       95,579       20,122       (413 )      19,709  

    Sun Surgery Center Inc

    		     9,579       —         43       9,579       2,682       —         2,682  

    RAND Bio Science Co., Ltd.

    		     1,876       7       71       1,869       2,000       —         2,000  

    Balhae Infrastructure Company

    		     836,309       1,800       807,567       834,509       105,190       —         105,190  

    Bungaejangter Inc.

    		     5,592       3,450       43       2,142       3,484       —         3,484  

    Aju Good Technology Venture Fund

    		     20,676       250       21,400       20,426       7,856       374       8,230  

    Acts Co., Ltd.

    		     6,741       6,894       117       (153 )      500       —         500  

    SY Auto Capital Co., Ltd.

    		     79,845       51,071       20,000       28,774       14,099       (6,029 )      8,070  

    Incheon Bridge Co., Ltd.

    		     646,811       754,900       61,096       (108,089 )      (16,202 )      16,202       —    

    Big Dipper Co., Ltd.

    		     1,138       30       1,500       1,108       325       115       440  

    Builton Co., Ltd.

    		     1,418       808       321       610       800       —         800  

    A-PRO Co., Ltd.

    		     8,692       5,681       43       3,011       1,500       —         1,500  

    Inno Lending Co., Ltd.

    		     1,184       28       2,000       1,156       230       —         230  

    Paycoms Co., Ltd.

    		     1,898       1,374       810       524       800       —         800  

    Food Factory Co., Ltd.

    		     3,501       3,552       —         (51 )      1,000       —         1,000  

    KB IGen Private Equity Fund No. 1

    		     7,666       9       11,230       7,657       3       —         3  

    KB No.8 Special Purpose Acquisition Company

    		     22,920       2,369       1,031       20,551       20       —         20  

    KB No.9 Special Purpose Acquisition Company

    		     29,963       2,566       1,382       27,397       31       —         31  

    KB No.10 Special Purpose Acquisition Company

    		     11,858       1,675       521       10,183       20       —         20  

    KB No.11 Special Purpose Acquisition Company

    		     6,730       717       321       6,013       19       —         19  

    KB Private Equity Fund III

    		     50,357       —         51,000       50,357       7,899       —         7,899  

    Korea Credit Bureau Co., Ltd.

    		     75,504       19,323       10,000       56,181       5,056       —         5,056  

    KoFC KBIC Frontier Champ 2010-5(PEF)

    		     15,017       3       12,970       15,014       7,506       (386 )      7,120  

    KoFC POSCO HANHWA KB shared growth Private Equity Fund No. 2

    		     70,166       1,315       51,880       68,851       17,213       —         17,213  

    Keystone-Hyundai Securities No. 1 Private Equity Fund

    		     170,155       133,034       34,114       37,121       1,761       —         1,761  

    POSCO-KB Shipbuilding Fund

    		     7,752       247       8,000       7,505       2,345       —         2,345  

    Hyundai-Tongyang Agrifood Private Equity Fund

    		     2,466       339       320       2,127       543       —         543  

     

        20171  
        Operating
    income    		     Profit (loss)     Other
    comprehensive
    income    		     Total
    comprehensive
    income    		     Dividends  
        (In millions of Korean won)  

    Associates and Joint ventures

    		          

    KB Pre IPO Secondary Venture Fund 1st

    		   ￦ 394     ￦ (60 )    ￦ (62 )    ￦ (122 )    ￦ —    

    KB GwS Private Securities Investment Trust

    		     35,002       34,004       —         34,004       7,350  

    KB-KDBC New Technology Business Investment Fund

    		     3       (42 )      —         (42 )      —    

    KB Star office Private real estate Investment Trust No.1

    		     13,071       5,684       —         5,684       1,295  

    Sun Surgery Center Inc.

    		     —         —         —         —         —    

    RAND Bio Science Co., Ltd.

    		     —         (607 )      —         (607 )      —    

    Balhae Infrastructure Company

    		     113,441       104,942       —         104,942       12,842  

    Bungaejangter Inc.

    		     406       48       —         48       —    

    Aju Good Technology Venture Fund

    		     660       (841 )      —         (841 )      —    

    Acts Co., Ltd.

    		     3,537       (578 )      —         (578 )      —    

    SY Auto Capital Co., Ltd.

    		     15,783       2,490       (27 )      2,463       —    

    Incheon Bridge Co., Ltd.

    		     90,691       (8,719 )      —         (8,719 )      —    

    Big Dipper Co., Ltd.

    		     140       (392 )      —         (392 )      —    

    Builton Co., Ltd.

    		     1,433       58       —         58       —    

    A-PRO Co., Ltd.

    		     12,226       661       —         661       —    

    Inno Lending Co., Ltd.

    		     (751 )      (749 )      —         (749 )      —    

    Paycoms Co., Ltd.

    		     303       (170 )      —         (170 )      —    

    Food Factory Co., Ltd.

    		     3,324       (1,036 )      —         (1,036 )      —    

    KB IGen Private Equity Fund No. 1

    		     —         172       —         172       —    

    KB No.8 Special Purpose Acquisition Company

    		     —         73       —         73       —    

    KB No.9 Special Purpose Acquisition Company

    		     —         223       —         223       —    

    KB No.10 Special Purpose Acquisition Company

    		     —         29       —         29       —    

    KB No.11 Special Purpose Acquisition Company

    		     —         (262 )      —         (262 )      —    

    KB Private Equity Fund III

    		     —         (545 )      —         (545 )      —    

    Korea Credit Bureau Co., Ltd.

    		     68,750       3,580       —         3,580       149  

    KoFC KBIC Frontier Champ 2010-5(PEF)

    		     2,728       (294 )      142       (152 )      —    

    KoFC POSCO HANHWA KB shared growth Private Equity Fund No. 2

    		     21,916       8,624       129       8,753       —    

    Keystone-Hyundai Securities No. 1 Private Equity Fund

    		     5,391       (1,507 )      —         (1,507 )      —    

    POSCO-KB Shipbuilding Fund

    		     23       (495 )      —         (495 )      —    

    Hyundai-Tongyang Agrifood Private Equity Fund

    		     4,159       3,231       —         3,231       407  

     

    1  The amounts included in the financial statements of the associates and joint ventures are adjusted to reflect adjustments made by the entity; such as, fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies.