XML 17 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - KRW (₩)
₩ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Profit (loss) for the year ₩ (179,443) ₩ 1,937,052 ₩ 931,508
Adjustments for:      
Income tax expense 88,077 395,580 384,725
Depreciation 3,123,659 2,791,883 2,643,445
Amortization of intangible assets 430,906 422,693 378,126
Gain on foreign currency translation (84,643) (187,558) (250,508)
Loss on foreign currency translation 138,452 174,919 161,897
Expenses related to defined benefit plans 179,880 198,241 220,962
Gain on disposal of property, plant and equipment (6,620) (101,227) (14,637)
Loss on disposal of property, plant and equipment 15,048 20,030 7,466
Impairment loss on property, plant and equipment 43,601   1,610
Impairment loss on inventories 313,180 206,127 204,123
(Reversal of) bad debt expense (1,155) 144 (19)
Gain on disposal of intangible assets (239) (308)  
Loss on disposal of intangible assets   30 75
Impairment loss on intangible assets 82 1,809 138
Reversal of impairment loss on intangible assets (348) (35)  
Warranty expenses 234,928 251,131 166,691
Finance income (101,313) (202,591) (58,748)
Finance costs 173,975 142,591 187,931
Equity in income of equity method accounted investees, net (700) (9,560) (8,339)
Other income (3,310) (16,812) (15,546)
Other expenses 593 1,870 15,777
Adjustments for reconcile of profit and loss 4,364,610 6,026,009 4,956,677
Changes in Trade accounts and notes receivable 1,306,118 484,448 (553,756)
Other accounts receivable (56,870) (3,004) 62,981
Inventories (763,081) (262,106) (98,435)
Other current assets (249,968) 180,844 126,616
Other non-current assets (61,164) (119,002) (126,256)
Trade accounts and notes payable 267,358 113,590 (114,977)
Other accounts payable (111,053) 106,930 66,930
Accrued expenses (194,394) 181,509 (16,431)
Provisions (217,984) (210,973) (160,462)
Other current liabilities 78,849 (585) 17,272
Defined benefit liabilities, net (224,335) (261,966) (276,459)
Long-term advances received 948,276 1,020,470  
Other non-current liabilities 24,510 5,974 21,641
Cash generated from operating activities 5,110,872 7,262,138 3,905,341
Income taxes paid (486,549) (416,794) (187,816)
Interests received 71,819 55,340 48,911
Interests paid (212,019) (136,483) (125,530)
Net cash provided by operating activities 4,484,123 6,764,201 3,640,906
Cash flows from investing activities:      
Dividends received 5,272 8,639 59,820
Proceeds from withdrawal of deposits in banks 1,454,561 2,206,148 3,293,398
Increase in deposits in banks (775,239) (1,803,718) (2,684,810)
Acquisition of financial assets at fair value through profit or loss (431)   (1,500)
Proceeds from disposal of financial assets at fair value through other comprehensive income 6    
Acquisition of available-for-sale financial assets   (273) (859)
Proceeds from disposal of available-for-sale financial assets   917 507
Acquisition of investments in equity accounted investees (14,732) (20,309)  
Proceeds from disposal of investments in equity accounted investees 4,527 13,128 29,745
Acquisition of property, plant and equipment (7,942,210) (6,592,435) (3,735,948)
Proceeds from disposal of property, plant and equipment 142,088 160,252 278,067
Acquisition of intangible assets (480,607) (454,448) (405,167)
Proceeds from disposal of intangible assets 960 1,674 261
Government grants received 1,210 1,859 6,393
Receipt from settlement of derivatives 2,026 2,592 4,008
Increase in short-term loans (7,700)   (2,132)
Proceeds from collection of short-term loans 15,968 1,118 8,202
Increase in long-term loans (36,580) (13,930) (32,498)
Decrease in deposits 4,136 4,272 2,436
Increase in deposits (58,794) (2,648) (9,105)
Proceeds from disposal of emission rights 10,200 6,090  
Net cash used in investing activities (7,675,339) (6,481,072) (3,189,182)
Cash flows from financing activities:      
Proceeds from short-term borrowings 552,164   107,345
Repayments of short-term borrowings (552,884) (105,864)  
Proceeds from issuance of bonds 828,169 497,959 597,573
Proceeds from long-term borrowings 3,882,958 1,195,415 1,667,060
Repayments of long-term borrowings     (347,693)
Repayments of current portion of long-term borrowings and bonds (1,859,098) (544,731) (1,520,287)
Capital contribution from non-controlling interests 331,603 4,300  
Subsidiaries' dividends distributed to non-controlling interests (51,085) (5,929) (17,143)
Dividends paid (178,908) (178,908) (178,908)
Net cash provided by financing activities 2,952,919 862,242 307,947
Net increase (decrease) in cash and cash equivalents (238,297) 1,145,371 759,671
Beginning Balance 2,602,560 1,558,696 751,662
Effect of exchange rate fluctuations on cash held 759 (101,507) 47,363
Ending Balance ₩ 2,365,022 ₩ 2,602,560 ₩ 1,558,696