Kia 2013 Annual Report Download - page 54

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
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For the years ended December 31, 2013 and 2012
 
Legal reserve ₩123,900 97,400
Voluntary reserve 10,042,411 8,351,171
Unappropriated retained earnings 6,135,501 4,214,453
₩16,301,812 12,663,024
(In millions of won)
20. Retained Earnings
(a) Retained Earnings as of December 31, 2013 and 2012 are summarized as follows:
Diluted earnings per share are calculated by dividing net income, as adjusted assuming all potentially dilutive warrants have been
exercised, by the weighted-average number of common shares outstanding and common equivalent shares outstanding. The
adjustment represents interest expense if the warrants were exercised, net of tax amount.
(c) Basic and diluted earnings per share are the same for the year ended December 31, 2013 since there are no dilutive potential ordinary
shares as of December 31, 2013.
(b) Changes in retained earnings for the years ended December 31, 2013 and 2012 are summarized as follows:
 
Balance at January 1 ₩12,663,024 9,224,715
Profit attributable to owners of the Parent Company 3,817,059 3,864,687
Dividends (263,240) (242,167)
Defined benefit plan remeasurements 74,281 (155,817)
Change in remeasurements of associates 10,688 (28,394)
Balance at December 31 ₩16,301,812 12,663,024
(In millions of won)
(b) Dividends payout ratio for the years ended December 31, 2013 and 2012 are summarized as follows:
 
Dividend amount ₩283,489 263,240
Profit attributable to owners of the Parent Company 3,817,059 3,864,687
Dividend payout ratio 7.43% 6.81%
(In millions of won, except for ratio)
(c) Dividend yield ratio for the years ended December 31, 2013 and 2012 are summarized as follows:
 
Dividend per share ₩700 650
Market price as of year end 56,100 56,500
Dividend yield ratio 1.25% 1.15%
(In won, except for ratio)
22. Dividends
(a) Details of dividends for the years ended December 31, 2013 and 2012 are summarized as follows:
 
Number of shares issued 405,363,347 405,363,347
Number of treasury stock (378,116) (378,116)
Number of dividend shares 404,985,231 404,985,231
Par value per share ₩5,000 5,000
Dividends as a percentage of par value 14% 13%
Dividend amount ₩283,489 263,240
(In millions of won, except shares and par value)
21. Earnings per Share
Details of calculating earnings per share for the years ended December 31, 2013 and 2012 are as follows:
(a) Basic earnings per share
 
Profit attributable to owners of the Parent Company ₩3,817,059,084,178 3,864,686,750,500
Weighted-average number of common shares outstanding(*) 404,985,231 404,838,423
Earnings per share ₩9,425 9,546
(In won, except number of shares)
(*) The weighted-average number of common equivalent shares are calculated by average outstanding period, and treasury stock is not included in the number of
common equivalent shares.
 
Profit attributable to owners of the Parent Company ₩3,817,059,084,178 3,864,686,750,500
Adjustment: Interest expense of bond with warrant - 808,737,528
Adjusted profit for the year ₩3,817,059,084,178 3,865,495,488,028
Adjusted weighted-average number of common shares outstanding 404,985,231 404,985,231
Diluted earnings per share ₩9,425 9,545
(In won, except number of shares)
(b) Diluted earnings per share
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