Kia 2015 Annual Report Download - page 115

Download and view the complete annual report

Please find page 115 of the 2015 Kia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

(iii) Financial instruments not measured at fair value, and for which fair value is disclosed
Financial instruments recognized by amortized cost, but presented as fair value classified by fair value hierarchy as of December 31, 2015 are
summarized as follows:
(In millions of won)
Level 1 Level 2 Level 3 Total
Bonds and borrowings
₩
- - 6,309,099 6,309,099
The Company has not disclosed the fair values for financial instruments, because their carrying amounts are a reasonable approximation of fair
values.
The valuation techniques and the significant unobservable inputs used in measuring Level 3 fair values as of December 31, 2015 are summarized
as follows:
(In millions of won)
Fair value Valuation methods Inputs
Significant
unobservable input
Bonds and borrowings
₩
6,309,099 DCF model Discount rate
considering credit risk
Discount rate
considering credit risk
(f ) Income and expense by financial instruments category for the years ended December 31, 2015 and 2014 are summarized as follows:
(In millions of won)
2015 2014
Finance income
Finance
costs
Other
comprehensive
income
Finance
income
Finance
costs
Other
comprehensive
income
Loans and receivables
₩
195,504 85,364 - 231,121 52,843 -
Financial asset at fair value
through profit or loss 261 - - 56 - -
Available-for- sale financial assets 156,882 - (325,824) 15,831 557 45,954
Liabilities recognized
by amortized cost 5,365 190,517 - 2,358 113,788 -
Derivative financial instruments 1,555 44 430 1,448 2,157 -
₩
359,567 275,925 (325,394) 250,814 169,345 45,954
109
ANNUAL REPORT 2015 |