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:DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory

    41. Unconsolidated Structured Entity

    The nature, purpose and activities of the unconsolidated structured entities and how the structured entities are financed, are as follows:

     

    Nature

    		  

    Purpose

    		  

    Activity

    		  

    Method of Financing

    Asset-backed securitization

    		  

    Early cash generation through transfer of securitization assets

     

    Fees earned as services to SPC, such as providing lines of credit and ABCP purchase commitments

    		  

    Fulfillment of Asset-backed securitization plan

     

    Purchase and transfer of securitization assets

     

    Issuance and repayment of ABS and ABCP

    		   Issuance of ABS and ABCP based on securitization assets

    Project Financing

    		  

    Granting PF loans to SOC and real estate

     

    Granting loans to ships/aircrafts SPC

    		  

    Construction of SOC and real estate

     

    Building ships/ construction and purchase of aircrafts

    		   Loan commitments through Credit Line, providing lines of credit and investment agreements

    Trust

    		  

    Management of financial trusts;

     

    —Development trust

    —Mortgage trust

    —Management trust

    —Disposal trust

    —Distribution and management trust

    —Other trusts

    		  

    Development, management, and disposal of trusted real estate assets

     

    Payment of trust fees and allocation of trust profits.

    		  

    Distribution of trusted real estate assets and financing of trust company

     

    Public auction of trusted real estate assets and financing of trust company

    Fund

    		  

    Investment in beneficiary certificates

     

    Investment in PEF and partnerships

    		  

    Management of fund assets

     

    Payment of fund fees and allocation of fund profits

    		  

    Sales of beneficiary certificate instruments

     

    Investment of managing partners and limited partners

     

    Details of scale of unconsolidated structured entities and nature of the risks associated with the Group’s interests in unconsolidated structured entities as of December 31, 2016 and 2017, are as follows:

     

        2016  
        Asset-backed
    securitization    		     Project
    financing    		     Trusts     Investment
    funds    		     Others     Total  
        (In millions of Korean won)  

    Total assets of unconsolidated Structured Entity

    		   ￦ 95,829,740     ￦ 22,529,407     ￦ 588,267     ￦ 33,606,036     ￦ 4,723,822     ￦ 157,277,272  

    Carrying amount on financial statements

    		            

    Assets

    		            

    Financial assets at fair value through profit or loss

    		     677,658       75,477       —         25,253       —         778,388  

    Derivative financial assets

    		     110       —         —         —         —         110  

    Loans

    		     610,623       2,860,776       54,500       26,897       173,989       3,726,785  

    Financial investments

    		     6,406,641       8,595       305       3,621,376       19,612       10,056,529  

    Investment in associates

    		     —         728       —         227,203       —         227,931  

    Other assets

    		     6,945       3,002       9,350       859       57       20,213  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Total

    		   ￦ 7,701,977     ￦ 2,948,578     ￦ 64,155     ￦ 3,901,588     ￦ 193,658     ￦ 14,809,956  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Liabilities

    		            

    Deposits

    		   ￦ 528,041     ￦ 703,049     ￦ —       ￦ 40,382     ￦ 6,895     ￦ 1,278,367  

    Other liabilities

    		     658       —         —         —         —         658  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Total

    		   ￦ 528,699     ￦ 703,049     ￦ —       ￦ 40,382     ￦ 6,895     ￦ 1,279,025  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Maximum exposure to loss1

    		            

    Holding assets

    		   ￦ 7,701,977     ￦ 2,948,578     ￦ 64,155     ￦ 3,901,588     ￦ 193,658     ￦ 14,809,956  

    Purchase and investment commitments

    		     726,375       —         —         1,607,542       —         2,333,917  

    Unused credit

    		     2,701,254       —         —         —         33,500       2,734,754  

    Payment guarantee and loan commitments

    		     290,100       1,475,760       —         —         —         1,765,860  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Total

    		   ￦ 11,419,706     ￦ 4,424,338     ￦ 64,155     ￦ 5,509,130     ￦ 227,158     ￦ 21,644,487  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Methods of determining the maximum exposure to loss

    		    


    		 Providing lines
    of credit and
    purchase
    commitments    		  
     
     
         		    







    		 Loan
    commitments /
    investment
    agreements /
    purchase
    commitments
    and
    acceptances
    and guarantees    		  

     
     
     
     
     
     
         		    




    		 Dividends
    by results
    trust: Total
    amount of
    trust
    exposure    		  
     
     
     
     
         		    


    		 Investments /
    loans and
    capital
    commitments
     
     
         		    
    		 Loan
    commitments    		  
         		  

     

        2017  
        Asset-backed
    securitization    		     Project
    financing    		     Trusts     Investment
    funds    		     Others     Total  
        (In millions of Korean won)  

    Total assets of unconsolidated Structured Entity

    		   ￦ 128,573,461     ￦ 33,153,741     ￦ 482,900     ￦ 101,598,227     ￦ 9,613,570     ￦ 273,421,899  

    Carrying amount on financial statements

    		            

    Assets

    		            

    Financial assets at fair value through profit or loss

    		     2,277,080       73,157       —         547,258       —         2,897,495  

    Derivative financial assets

    		     1,136       —         —         118       —         1,254  

    Loans

    		     833,380       3,366,675       54,500       266,653       393,664       4,914,872  

    Financial investments

    		     6,826,097       13,104       300       5,788,925       20,619       12,649,045  

    Investment in associates and joint ventures

    		     —         —         —         202,816       —         202,816  

    Other assets

    		     11,699       5,874       37,972       962       307       56,814  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Total

    		   ￦ 9,949,392     ￦ 3,458,810     ￦ 92,772     ￦ 6,806,732     ￦ 414,590     ￦ 20,722,296  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Liabilities

    		            

    Deposits

    		   ￦ 484,889     ￦ 755,242     ￦ —       ￦ 38,657     ￦ 3,985     ￦ 1,282,773  

    Derivative financial liabilities

    		     1,487       —         —         2,792       —         4,279  

    Other liabilities

    		     11,292       44       —         48       —         11,384  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Total

    		   ￦ 497,668     ￦ 755,286     ￦ —       ￦ 41,497     ￦ 3,985     ￦ 1,298,436  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Maximum exposure to loss1

    		            

    Holding assets

    		   ￦ 9,949,392     ￦ 3,458,810     ￦ 92,772     ￦ 6,806,732     ￦ 414,590     ￦ 20,722,296  

    Purchase and investment commitments

    		     964,106       —         —         1,301,784       —         2,265,890  

    Unused credit

    		     2,299,236       10,000       —         1,203,917       16,000       3,529,153  

    Payment guarantee and loan commitments

    		     382,300       1,385,722       —         —         —         1,768,022  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Total

    		   ￦ 13,595,034     ￦ 4,854,532     ￦ 92,772     ￦ 9,312,433     ￦ 430,590     ￦ 28,285,361  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Methods of determining the maximum exposure to loss

    		    


    		 Providing lines
    of credit and
    purchase
    commitments    		  
     
     
         		    







    		 Loan
    commitments /
    investment
    agreements /
    purchase
    commitments
    and
    acceptances
    and guarantees    		  

     
     
     
     
     
     
         		    




    		 Dividends
    by results
    trust: Total
    amount of
    trust
    exposure    		  
     
     
     
     
         		    


    		 Investments /
    loans and
    capital
    commitments
     
     
         		    
    		 Loan
    commitments    		  
         		  

     

    1 Maximum exposure to loss includes the asset amounts, after deducting loss(provision for assets, impairment losses and others), recognized in the financial statements of the Group.