0001193125-13-426303.txt : 20131105 0001193125-13-426303.hdr.sgml : 20131105 20131105060834 ACCESSION NUMBER: 0001193125-13-426303 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20131105 FILED AS OF DATE: 20131105 DATE AS OF CHANGE: 20131105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KB Financial Group Inc. CENTRAL INDEX KEY: 0001445930 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: M5 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53445 FILM NUMBER: 131190778 BUSINESS ADDRESS: STREET 1: 9-1, 2-GA, NAMDAEMOON-RO STREET 2: JUNG-GU CITY: SEOUL STATE: M5 ZIP: 100-703 BUSINESS PHONE: 822-2073-2844 MAIL ADDRESS: STREET 1: 9-1, 2-GA, NAMDAEMOON-RO STREET 2: JUNG-GU CITY: SEOUL STATE: M5 ZIP: 100-703 6-K 1 d623175d6k.htm FORM 6-K Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2013

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s name into English)

 

 

9-1, 2-ga, Namdaemoon-ro, Jung-gu, Seoul 100-703, Korea

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x            Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨            No   x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-N/A.

 

 

 

Restatement of Preliminary Operating Results for the Third Quarter of Fiscal Year 2013

On November 5, 2013, KB Financial Group Inc. (“KB Financial Group”) disclosed that its preliminary operating results for the third quarter of fiscal year 2013, which were filed on October 25, 2013, have been restated to reflect the effect of certain events that occurred after the reporting period. The preliminary figures presented herein are based on the International Financial Reporting Standards as adopted by the Republic of Korea (“K-IFRS”) and are currently being reviewed by our independent auditor and are subject to change.

1. Operating results of KB Financial Group (consolidated)

 

  a. Restated preliminary operating results of KB Financial Group for the third quarter of fiscal year 2013:

 

(Won in millions, %)

    3Q 2013      2Q 2013      % Change
Increase
(Decrease)
(Q to Q)		     3Q 2012*      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue**

    Specified Quarter      5,055,184         5,978,021         (15.44 )      6,334,926         (20.20 ) 
   Cumulative      17,235,759         12,180,575         —          19,384,466         (11.08 ) 

Net operating profit

    Specified Quarter      584,548         451,495         29.47        601,774         (2.86 ) 
   Cumulative      1,568,908         984,360         —          2,158,455         (27.31 ) 

Profit before income tax

    Specified Quarter      575,473         323,403         77.94        582,282         (1.17 ) 
   Cumulative      1,446,612         871,139         —          2,126,648         (31.98 ) 

Profit for the period

    Specified Quarter      426,566         165,258         158.12        463,557         (7.98 ) 
   Cumulative      1,004,740         578,174         —          1,625,501         (38.19 ) 

Profit attributable to shareholders of the parent company

    Specified Quarter      426,566         163,520         160.86        464,588         (8.18 ) 
   Cumulative      1,001,544         574,978         —          1,621,140         (38.22 ) 

 

* The figures have been restated to reflect adjustments resulting from retrospective application of the amendments to K-IFRS that are effective for the financial year beginning on or after January 1, 2013.
** Represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit or loss, and other operating income.

  b. Specific line items that have been restated:

 

  •   Pre-restatement (as disclosed on October 25, 2013)

 

(Won in millions, %)

    3Q 2013      % Change Increase
(Decrease)
(Q to Q)		      % Change Increase
(Decrease)
(Y to Y)		  

Net operating profit

    Specified Quarter      632,321         40.05         5.08   
   Cumulative      1,616,681         —           (25.10 ) 

Profit before income tax

    Specified Quarter      623,246         92.71         7.04   
   Cumulative      1,494,385         —           (29.73 ) 

Profit for the period

    Specified Quarter      462,874         180.09         (0.15 ) 
   Cumulative      1,041,048         —           (35.96 ) 

Profit attributable to shareholders of the parent company

    Specified Quarter      462,874         183.07         (0.37 ) 
   Cumulative      1,037,852         —           (35.98 ) 

 

  •   Post-restatement

 

(Won in millions, %)

    3Q 2013      % Change Increase
(Decrease)
(Q to Q)		      % Change Increase
(Decrease)
(Y to Y)		  

Net operating profit

    Specified Quarter      584,548         29.47         (2.86 ) 
   Cumulative      1,568,908         —           (27.31 ) 

Profit before income tax

    Specified Quarter      575,473         77.94         (1.17 ) 
   Cumulative      1,446,612         —           (31.98 ) 

Profit for the period

    Specified Quarter      426,566         158.12         (7.98 ) 
   Cumulative      1,004,740         —           (38.19 ) 

Profit attributable to shareholders of the parent company

    Specified Quarter      426,566         160.86         (8.18 ) 
   Cumulative      1,001,544         —           (38.22 ) 

2. Operating results of Kookmin Bank (consolidated)

 

  a. Restated preliminary operating results of Kookmin Bank for the third quarter of fiscal year 2013:

 

(Won in millions, %)

    3Q 2013      2Q 2013      % Change
Increase
(Decrease)
(Q to Q)		     3Q 2012*      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue**

    Specified Quarter      3,869,788         4,633,834         (16.49 )      4,908,729         (21.17 ) 
   Cumulative      13,366,292         9,496,504         —          14,620,169         (8.58 ) 

Net operating profit

    Specified Quarter      416,215         293,671         41.73        480,489         (13.38 ) 
   Cumulative      1,085,949         669,734         —          1,818,526         (40.28 ) 

Profit before income tax

    Specified Quarter      406,265         168,666         140.87        470,003         (13.56 ) 
   Cumulative      966,021         559,756         —          1,800,971         (46.36 ) 

Profit for the period

    Specified Quarter      301,887         48,822         518.34        381,970         (20.97 ) 
   Cumulative      646,566         344,679         —          1,386,426         (53.36 ) 

Profit attributable to shareholders of the parent company

    Specified Quarter      301,887         48,783         518.84        381,931         (20.96 ) 
   Cumulative      646,482         344,595         —          1,386,103         (53.36 ) 

 

* The figures have been restated to reflect adjustments resulting from retrospective application of the amendments to K-IFRS that are effective for the financial year beginning on or after January 1, 2013.
** Represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit or loss, and other operating income.

 

  b. Specific line items that have been restated:

 

  •   Pre-restatement (as disclosed on October 25, 2013)

 

(Won in millions, %)

    3Q 2013      % Change Increase
(Decrease)
(Q to Q)		      % Change Increase
(Decrease)
(Y to Y)		  

Net operating profit

    Specified Quarter      463,988         58.00         (3.43 ) 
   Cumulative      1,133,722         —           (37.66 ) 

Profit before income tax

    Specified Quarter      454,038         169.19         (3.40 ) 
   Cumulative      1,013,794         —           (43.71 ) 

Profit for the period

    Specified Quarter      338,195         592.71         (11.46 ) 
   Cumulative      682,874         —           (50.75 ) 

Profit attributable to shareholders of the parent company

    Specified Quarter      338,195         593.26         (11.45 ) 
   Cumulative      682,790         —           (50.74 ) 

  •   Post-restatement

 

(Won in millions, %)

    3Q 2013      % Change Increase
(Decrease)
(Q to Q)		      % Change Increase
(Decrease)
(Y to Y)		  

Net operating profit

    Specified Quarter      416,215         41.73         (13.38 ) 
   Cumulative      1,085,949         —           (40.28 ) 

Profit before income tax

    Specified Quarter      406,265         140.87         (13.56 ) 
   Cumulative      966,021         —           (46.36 ) 

Profit for the period

    Specified Quarter      301,887         518.34         (20.97 ) 
   Cumulative      646,566         —           (53.36 ) 

Profit attributable to shareholders of the parent company

    Specified Quarter      301,887         518.84         (20.96 ) 
   Cumulative      646,482         —           (53.36 ) 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

KB Financial Group Inc.

    (Registrant)
    Date: November 5, 2013     By:  

/s/ Woong-Won Yoon

    (Signature)
    Name:   Woong-Won Yoon
    Title:   Deputy President & CFO