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(b) Details of changes in property, plant and equipment for the year ended December 31, 2015 are summarized as follows:
(In millions of won)
Beginning
balance Acquisition Disposal (*1) Depreciation
Reclassification
Other (*4)
Ending
balance (*2)
Land
₩
2,669,012 6 (22,076) - 2,215,004 6,567 4,868,513
Buildings 1,976,817 1,291 (3,071) (110,505) 187,535 8,551 2,060,618
Structures 277,505 1,224 (71) (25,391) 30,472 (889) 282,850
Machinery and equipment (*3) 3,181,171 22,284 (24,034) (416,245) 506,579 4,021 3,273,776
Dies, molds and tools 812,267 113,497 (4,536) (317,751) 431,792 14,482 1,049,751
Vehicles 128,744 15,013 (35,825) (35,722) 71,081 (2,852) 140,439
Other equipment 171,965 25,398 (1,018) (62,545) 37,849 (956) 170,693
Construction- in-progress 896,836 3,784,196 (8,895) - (3,480,312) 3,656 1,195,481
₩
10,114,317 3,962,909 (99,526) (968,159) - 32,580 13,042,121
(*1) The net amount of loss on sale of property, plant and equipment is W 24,957 million for the year ended December 31, 2015.
(*2) The Company received W 219,658 million government grants in 2015 through investment agreement with Slovakia government and etc.. The grants are presented as reduction of
property, plant and equipment.
(*3) Finance lease assets are included.
(*4) Other increase (decrease) is mainly related to foreign currency translation impact.
(c) Details of changes in property, plant and equipment for the year ended December 31, 2014 are summarized as follows:
(In millions of won)
Beginning
balance Acquisition Disposal Depreciation Reclassification Other
Ending
balance
Land
₩
2,684,696 - (19,425) - 2,332 1,409 2,669,012
Buildings 1,880,973 4,010 (7,776) (100,181) 212,159 (12,368) 1,976,817
Structures 276,827 750 (1,397) (25,328) 30,077 (3,424) 277,505
Machinery and equipment 3,186,242 36,395 (24,471) (395,360) 404,345 (25,980) 3,181,171
Dies, molds and tools 728,822 17,025 (4,766) (315,576) 390,255 (3,493) 812,267
Vehicles 103,826 15,830 (27,647) (32,050) 73,733 (4,948) 128,744
Other equipment 174,434 25,638 (2,607) (58,476) 38,953 (5,977) 171,965
Construction- in-progress 741,185 1,310,448 (1,076) - (1,151,854) (1,867) 896,836
₩
9,777,005 1,410,096 (89,165) (926,971) - (56,648) 10,114,317
(d) As of December 31, 2015, KMS has a purchase commitment for plant expansion in connection of which, KMS acquired property, plant, and
equipment amounting EUR 9,379 thousand.
(e) The capitalized borrowing costs and capitalization interest rate for the years ended December 31, 2015 and 2014 are summarized as follows:
(In millions of won)
2015 2014
Capitalized borrowing costs (*)
₩
58,873 39,533
Capitalization interest rate 3.03% 4.26%
(*) Including borrowing costs that were capitalized in respect of development cost of W 16,951 million in 2015 (2014: W 13,225 million).
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ANNUAL REPORT 2015 |