SHINHAN FINANCIAL GROUP CO LTD | CIK:0001263043 | 3

  • Filed: 4/30/2018
  • Entity registrant name: SHINHAN FINANCIAL GROUP CO LTD (CIK: 0001263043)
  • Generator: Fujitsu
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    • ifrs-full:DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory

    (d) Reconciliation of the financial information to the carrying values of its interests in the associates as of December 31, 2016 and 2017 are as follow:

     

         2016  

    Investees

    		    Net assets
    (a)    		     Ownership
    (%)
    (b)    		      Interests
    in the net
    assets
    (a)*(b)    		     Intra-group
    transactions    		     Other     Carrying
    Value    		  

    BNP Paribas Cardif Life Insurance

    		    W 402,951       14.99        60,443       (230 )      —         60,213  

    Aju Capital Co., Ltd. (*1)

    		      749,882       12.85        96,365       —         (55,529 )      40,836  

    Daewontos Co., Ltd. (*2)

    		      (2,093 )      36.33        (760 )      —         760       —    

    Neoplux Technology Valuation Investment Fund

    		      22,577       33.33        7,526       —         —         7,526  

    JAEYOUNG SOLUTEC CO., LTD. (*3)

    		      34,147       10.45        3,567       —         2,169       5,736  

    Partners 4th Growth Investment Fund

    		      18,221       25.00        4,555       —         —         4,555  

    JAEYANG INDUSTRY (*5)

    		      (2,571 )      25.90        (666 )      —         666       —    

    Chungyoung INC (*4)

    		      (4,412 )      18.94        (836 )      —         836       —    

    DAEKWANG SEMICONDUCTOR CO., LTD.

    		      22,812       20.94        4,776       —         —         4,776  

    SHC-IMM New Growth Fund

    		      3,559       64.52        2,295       —         —         2,295  

    Dream High Fund III

    		      5,765       54.55        3,144       —         —         3,144  

    Albatross Growth Fund

    		      4,322       36.36        1,572       —         —         1,572  

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

    		      10,351       50.00        5,176       —         —         5,176  

    SG No.9 Corporate Recovery Private Equity Fund

    		      15,031       26.49        3,982       —         —         3,982  

    Plutus-SG Private Equity Fund

    		      16,120       26.67        4,299       —         —         4,299  

    SG ARGES Private Equity Fund No.1

    		      37,301       24.06        8,976       —         —         8,976  

    Eum Private Equity Fund No.3

    		      28,580       20.76        5,933       —         —         5,933  

    The Asia Pacific Capital Fund II L.P.

    		      45,978       25.18        11,579       —         —         11,579  

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

    		      927       50.00        464       —         —         464  

    Shinhan Praxis K-Growth Global Private Equity Fund

    		      71,725       18.87        13,533       —         —         13,533  

    Credian Healthcare Private Equity Fund II

    		      11,993       34.07        4,087       —         —         4,087  

    Kiwoom Milestone Professional Private Real Estate Trust 19

    		      21,523       50.00        10,761       —         —         10,761  

    FG EURO GREEN PRIVATE REAL ESTATE TRUST No.3

    		      99,791       21.28        21,237       —         —         21,237  

    Brain Professional Private Trust No.4

    		      19,338       27.49        5,316       —         —         5,316  

    Hanhwa US Equity Strategy Private Real Estate Fund No.1

    		      57,454       44.84        25,764       —         —         25,764  

    Brain KS Qualified Privately Placed
    Fund No.6

    		      9,793       50.00        4,896       —         —         4,896  

    M360 CRE Income Fund

    		      54,094       42.83        23,167       —         —         23,167  

     

     

         2016  

    Investees

    		    Net assets
    (a)    		      Ownership
    (%)
    (b)    		      Interests
    in the net
    assets
    (a)*(b)    		      Intra-group
    transactions    		     Other     Carrying
    value    		  

    SHBNPP Private Korea Equity Long Short Professional Feeder

    		    W 89,256        15.88        14,180        —         —         14,180  

    SHBNPP Private Multi Strategy Professional Feeder No.1

    		      16,985        29.55        5,014        —         —         5,014  

    Shinhan-Stonebridge Petro PEF

    		      1,014,495        1.82        18,487        —         —         18,487  

    Others

    		      158,356        —          35,507        —         589       36,096  
      

     

     

    		        

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		  
       W 3,034,251           404,339        (230 )      (50,509 )      353,600  
      

     

     

    		        

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		  

     

    (*1) Net assets do not include non-controlling interests and other adjustments represent the cumulative impairment.
    (*2) Other adjustments represent the unrecognized equity method losses because the Group has stopped recognizing its equity method losses as the balance of the investment has been reduced to zero.
    (*3) Net assets do not include non-controlling interests; and other adjustments represent the difference between the cost of the investment and the Group’s interests in the net carrying value of the investee’s assets and liabilities at the investment date and the cumulative impairment.
    (*4) Other adjustments represent the difference between the cost of the investment and the Group’s interests in the net carrying value of the investee’s assets and liabilities at the investment date.
    (*5) Other adjustments represent the unrecognized equity method losses because the Group has stopped recognizing its equity method losses as the balance of the investment has been reduced to zero and the difference between the cost of the investment and the Group’s interests in the net carrying value of the investee’s assets and liabilities at the investment date.

     

     

        2017  

    Investees

    		   Net assets
    (a)    		     Ownership
    (%)
    (b)    		     Interests
    in the net
    assets
    (a)*(b)    		     Intra-group
    transactions    		     Other     Carrying
    Value    		  

    BNP Paribas Cardif Life Insurance

    		   W 351,986       14.99       52,763       (147 )      —         52,616  

    Daewontos Co., Ltd (*1)

    		     (2,092 )      36.33       (760 )      —         760       —    

    Neoplux Technology Valuation Investment Fund

    		     40,409       33.33       13,470       —         —         13,470  

    JAEYOUNG SOLUTEC CO., LTD (*2)

    		     17,484       9.61       1,680       —         2,169       3,849  

    Partners 4th Growth Investment Fund

    		     53,561       25.00       13,390       —         —         13,390  

    JAEYANG INDUSTRY (*3)

    		     (2,571 )      25.90       (666 )      —         666       —    

    Chungyoung INC (*3)

    		     (5,100 )      18.94       (966 )      —         966       —    

    DAEKWANG SEMICONDUCTOR CO., LTD.

    		     18,263       20.94       3,824       —         —         3,824  

    Dream High Fund III

    		     4,042       54.55       2,205       —         —         2,205  

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

    		     9,362       50.00       4,682       —         —         4,682  

    KCLAVIS Meister Fund No.17

    		     11,652       26.09       3,039       —         —         3,039  

    SG No.9 Corporate Recovery Private Equity Fund

    		     14,959       26.49       3,963       —         —         3,963  

    Plutus-SG Private Equity Fund

    		     15,940       26.67       4,251       —         —         4,251  

    SG ARGES Private Equity Fund No.1

    		     26,689       24.06       6,422       —         —         6,422  

    OST Progress- 2 Fund

    		     17,722       27.62       4,895       —         —         4,895  

    Eum Private Equity Fund No.3

    		     23,720       20.76       4,925       —         —         4,925  

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

    		     19,382       41.80       8,101       —         —         8,101  

    KTB Confidence Private Placement

    		     21,140       30.29       6,403       —         —         6,403  

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

    		     28,285       23.89       6,757       —         —         6,757  

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

    		     41,598       20.16       8,387       —         —         8,387  

    Pine Asia Unsecured Individual Rehabilitation Bond Fund 18

    		     26,302       22.86       6,012       —         —         6,012  

    Platform Partners brick save Private Investment trust

    		     8,170       98.77       8,069       —         —         8,069  

    Synergy-Shinhan Mezzanine New Technology Investment Fund

    		     10,497       47.62       4,999       —         —         4,999  

    The Asia Pacific Capital Fund II L.P.

    		     29,015       25.18       7,307       —         —         7,307  

    Shinhan Praxis K-Growth Global Private Equity Fund

    		     100,452       18.87       18,954       —         —         18,954  

    Credian Healthcare Private Equity Fund II

    		     11,189       34.07       3,813       —         —         3,813  

    Kiwoom Milestone Professional Private Real Estate Trust 19

    		     20,816       50.00       10,408       —         —         10,408  

    FG EURO GREEN PRIVATE REAL ESTATE TRUST No.3

    		     96,137       21.28       20,460       —         —         20,460  

    Brain Professional Private Trust No.4

    		     21,264       27.49       5,847       —         —         5,847  

    Hanhwa US Equity Strategy Private Real Estate Fund No.1

    		     56,820       44.84       25,479       —         —         25,479  

    Brain KS Qualified Privately Placed Fund No.6

    		     9,611       50.00       4,805       —         —         4,805  

     

     

        2017  

    Investees

    		   Net assets
    (a)    		     Ownership
    (%)
    (b)    		     Interests
    in the net
    assets
    (a)*(b)    		     Intra-group
    transactions    		     Other     Carrying
    Value    		  

    M360 CRE Income Fund

    		   W 265,945       57.87       153,905       —         —         153,905  

    Shinhan Global Healthcare Fund 1

    		     77,166       4.41       3,407       —         —         3,407  

    JB Power TL Investment Type Private Placement Special Asset Fund 7

    		     56,072       33.33       18,690       —         —         18,690  

    IBK AONE convertible 1

    		     10,840       47.25       5,122       —         —         5,122  

    Rico synergy collabo Multi-Mezzanine 3

    		     10,051       50.00       5,026       —         —         5,026  

    KB NA Hickory Private Special Asset Fund

    		     90,911       37.50       34,091       —         —         34,091  

    GB Professional Private Investment Trust 6

    		     9,100       94.51       8,600       —         —         8,600  

    Koramco Europe Core Private Placement Real Estate Fund No.2-2

    		     42,812       48.49       20,760       —         —         20,760  

    SHBNPP Private Korea Equity Long-Short Professional Feeder

    		     49,296       9.85       4,861       —         —         4,861  

    Shinhan-Stonebridge Petro PEF

    		     1,053,661       1.82       19,201       —         —         19,201  

    BNP Paribas Cardif General Insurance

    		     44,294       10.00       4,429       —         —         4,429  

    Axis Global Growth New Technology Investment Association

    		     15,553       31.85       4,953       —         —         4,953  

    Polaris No7 Start up and Venture Private Equity Fund

    		     15,258       28.57       4,359       —         —         4,359  

    Hermes Private Investment Equity Fund

    		     59,990       29.17       17,497       —         —         17,497  

    Others

    		     218,647       —         58,362       —         699       59,061  
     

     

     

    		      

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
      W 3,116,300         626,181       (147 )      5,260       631,294  
     

     

     

    		      

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

    (*1) Other adjustments represent the unrecognized equity method losses because the Group has stopped recognizing its equity method losses as the balance of the investment has been reduced to zero.
    (*2) Net assets do not include non-controlling interests and other adjustments represent the difference between the cost of the investment and the Group’s interests in the net carrying value of the investee’s assets and liabilities at the investment date.
    (*3) Other adjustments represent the unrecognized equity method losses because the Group has stopped recognizing its equity method losses as the balance of the investment has been reduced to zero and the difference between the cost of the investment and the Group’s interests in the net carrying value of the investee’s assets and liabilities at the investment date.