THE KOREA DEVELOPMENT BANK (BANKING ACCOUNTS) NON-CONSOLIDATED BALANCE SHEET

Transcription

1 THE KOREA DEVELOPMENT BANK (BANKING ACCOUNTS) NON-CONSOLIDATED BALANCE SHEET Dec. 31, 2001 (Audited) ASSETS Cash and due from banks 2,673,433 US$ 2,016,012 Trading securities 1,246, ,084 Investment securities 24,061,402 18,144,485 Loans Net provision for possible loan losses and discount of present value 1,835,651 million and 331,227 million, respectively 47,270,861 35,646,528 Net premises and equipment 715, ,774 Net Derivative financial instruments 2,372,569 1,789,133 Other assets 3,662,356 2,761,748 Total assets 82,309,060 61,837,764 LIABILITIES AND EQUITY Deposits 10,483,335 7,905,388 Borrowings 21,353,378 16,102,389 Industrial finance bonds issued Net premium and discount on bonds of 292 million and 81,868 million 36,554,291 27,565,260 Provision for possible guarantees losses 140, ,312 Accrued severance benefits 12,219 9,214 Derivative financial instruments 2,614,541 1,971,602 Other liabilities 3,910,871 2,949,150 Total Liabilities 75,069,615 56,609,315 Commitments and Contingencies Equity : Paid-in capital 7,161,861 5,400,695 Capital surplus 44,373 33,461 Retained earnings 109,428 82,519 Capital adjustment (382,217) (288,226) Total equity 6,933,445 5,228,449 Total liabilities and equity 82,003,060 US$ 61,837,764

2 NON-CONSOLIDATED STATEMENT OF OPERATIONS For the years ended December 31, 2001 Interest Income : Interest of loans 3,634,930 US$ 2,741,068 Interest on due from banks 225, ,219 Interest on trading securities 112,300 84,684 Interest on Investment securities 593, ,740 Other interest income 16,269 12,268 Interest Expense : 4,582,975 3,455,979 Interest on deposits 532, ,412 Interest on borrowings 1,174, ,332 Interest on bond payable 2,597,114 1,958,460 Other interest expenses 56,365 42,504 4,359,830 3,287,708 Net interest income 223, ,271 Non-interest revenue: Fees and commissions 311, ,642 Gains from trading securities 134, ,436 Gains from derivative financial instruments 4,025,795 3,036,570 Other 702, ,069 5,175,392 3,902,717 Non-interest expense: Fees and commissions 32,926 27,092 Losses from trading securities 72,515 54,683 Losses from derivative financial instruments 3,864,648 2,914,296 General and administrative expenses 241, ,911 Other 509, ,124 4,723,709 3,562,106 Operating income 674, ,882 Net non-operating income (expense) ( 558,911) ( 421,470) Net extraordinary income - - Income (loss) before income taxes 115,917 87,412 Income taxes 6,961 5,249 Net income (loss) 108,956 US$ 82,163

3 THE KOREA DEVELOPMENT BANK AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET December 31, 2001 ASSETS Cash and due from banks 4,167,367 US$ 3,142,574 Trading securities 2,722,341 2,052,893 Investment securities 23,732,797 17,896,687 Loans 48,822,903 36,816,909 Net premises and equipment 2,650,972 1,999,074 Intangible assets 219, ,878 Guarantee deposits 203, ,799 Derivative financial instruments 2,374,303 1,790,440 Net trade account receivable 955, ,394 Prepaid expenses 393, ,938 Others 4,331,011 3,265,976 Total assets 90,574,701 US$ 68,301,562 LIABILITIES AND EQUITY Deposits 12,197,768 US$ 9,198,226 Borrowings 23,517,601 17,734,410 Debentures 37,478,525 28,262,216 Provisions for guarantees outstanding 188, ,470 Accrued severance benefits 323, ,298 Other accounts payable 2,200,668 1,659,504 Accrued expenses 963, ,288 Derivative financial instruments 2,709,249 2,043,020 Unearned income 213, ,142 Trade accounts payable 215, ,878 Other liabilities 1,850,893 1,395,742 Total liabilities 81,860,410 61,730,194 Commitments and Contingencies Equity : Paid-in capital 7,161,861 5,400,695 Capital surplus - - Retained earnings (75,477) (56,917) Capital adjustment (320,442) (241,642) Minority interests in consolidated Subsidiaries 1,948,349 1,469,232 Total equity 8,714,291 6,571,368 Total Liabilities, Minority Interests and Equity 90,574,701 US$ 68,301,562

4 THE KOREA DEVELOPMENT BANK AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENT for the year ended December 30, 2000 Interest income : Interest on loans 3,674,518 US$ 2,770,921 Interest on due from banks 298, ,288 Interest on trading securities 185, ,841 Interest on investment securities 606, ,270 Other interest income 115,880 87,384 4,880,981 3,680,704 Interest expense : Interest on deposits 572, ,019 Interest on borrowings 1,400,708 1,056,261 Interest on bonds payable 2,723,111 2,053,474 Other interest expenses 80,912 61,015 4,777,632 3,602,769 Net interest income 103,349 77,935 Non-interest revenue: Fees and commissions 777, ,038 Gains from trading securities 306, ,317 Gains from derivative financial instruments 4,174,685 3,148,092 Gains from foreign currency transactions 483, ,590 Sales of Manufacturing subsidiaries 3,126,733 2,357,841 Others 834, ,973 9,702,877 7,316,851 Non-interest expense: Fees and commissions 73,242 55,231 Losses from trading securities 322, ,493 Losses from derivative financial instruments 4,016,126 3,028,524 Losses on foreign currency transaction 476, ,036 General and administrative expenses 869, ,620 Cost of Sales of manufacturing subsidiaries 2,604,462 1,964,001 Other 368, ,670 8,730,479 6,583,575 Operating income(loss) 1,075, ,211 Net non-operating expense(loss) (580,181) (437,509)

5 Net extraordinary income (loss) 20,658 15,578 Income (loss) before income taxes 516, ,280 Income taxes 89,231 67,288 Net income (loss) before minority interest in earnings of consolidated subsidiaries 426, ,992 Net minority interest in earnings of consolidated subsidiaries (307,430) (231,831) Net income (loss) 119,563 US$ 90,161