Doosan Corporation and Its Subsidiaries Notes to the Consolidated Financial Statements December 31, 2019 and 2018 9 1. General
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Doosan Corporation and Subsidiaries Consolidated Financial Statements December 31, 2016 Doosan Corporation and Subsidiaries Index December 31, 2016 and 2015
Doosan Corporation and Subsidiaries Consolidated Financial Statements December 31, 2016 Doosan Corporation and Subsidiaries Index December 31, 2016 and 2015 Pages Independent Auditor’s Report………………………………………..……….............................. 1 - 6 Consolidated Financial Statements Consolidated Statements of Financial Position …….................………………………………… 7 - 8 Consolidated Statements of Profit or Loss………………………………………………………… 9 Consolidated Statements of Comprehensive Income……………………………………………. 10 Consolidated Statements of Changes in Equity....................................................................... 11 Consolidated Statements of Cash Flows………………………………………………………….. 12 - 13 Notes to the Consolidated Financial Statements…………………………………………………... 14 - 154 Independent Auditor’s Report (English Translation of a Report Originally Issued in Korean) To the Board of Directors and Shareholders of Doosan Corporation We have audited the accompanying consolidated financial statements of Doosan Corporation and its subsidiaries (collectively referred to as the “Group”), which comprise the consolidated statement of financial position as at December 31, 2016, and the consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies and other explanatory information. Management’s Responsibilities for the Financial -
Annual Reporting Period
DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements December 31, 2020 and 2019 (With Independent Auditors’ Report Thereon) Contents Page Independent Auditors’ Report 1 Consolidated Financial Statements Consolidated Statements of Financial Position 7 Consolidated Statements of Loss 9 Consolidated Statements of Comprehensive Loss 10 Consolidated Statements of Changes in Equity 11 Consolidated Statements of Cash Flows 13 Notes to the Consolidated Financial Statements 15 152, Teheran-ro, Gangnam-gu, Seoul 06236 (Yeoksam-dong, Gangnam Finance Center 27th Floor) Republic of Korea Independent Auditors’ Report Based on a report originally issued in Korean To the Shareholders and Board of Directors of Doosan Heavy Industries & Construction Co., Ltd.: Opinion We have audited the consolidated financial statements of Doosan Heavy Industries & Construction Co., Ltd. and its subsidiaries (“the Group”), which comprise the consolidated statements of financial position as of December 31, 2020 and 2019, the consolidated statements of loss and other comprehensive loss, changes in equity and cash flows for the years then ended, and notes, comprising significant accounting policies and other explanatory information. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as of December 31, 2020 and 2019, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with Korean International Financial Reporting Standards (“K-IFRS”). Basis for Opinion We conducted our audits in accordance with Korean Standards on Auditing (“KSAs”). Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements section of our report. -
DAEWOO ENGINEERING & CONSTRUCTION CO., LTD. And
DAEWOO ENGINEERING & CONSTRUCTION CO., LTD. and Subsidiaries Consolidated Financial Statements December 31, 2019 and 2018 DAEWOO ENGINEERING & CONSTRUCTION CO., LTD. and Subsidiaries Index December 31, 2019 and 2018 Page(s) ............................................................................................. 1 - 7 Consolidated Financial Statements Consolidated Statements of Financial Position ...................................................................... 8 - 9 Consolidated Statements of Profit or Loss ................................................................................ 10 Consolidated Statements of Comprehensive Income ............................................................... 11 Consolidated Statements of Changes in Equity ....................................................................... 12 - 13 Consolidated Statements of Cash Flows .................................................................................. 14 Notes to the Consolidated Financial Statements .................................................................... 15 - 153 (English Translation of a Report Originally Issued in Korean) To the Board of Directors and Shareholders of Daewoo Engineering & Construction Co., Ltd. Opinion We have audited the accompanying consolidated financial statements of Daewoo Engineering & Construction Co., Ltd. and its subsidiaries (collectively referred to as the "Group") which comprise the consolidated statements of financial position as at December 31, 2019 and 2018, and the consolidated statements -
Doosan Infracore Profile
Doosan Infracore Profile CONTENTS Doosan Infracore is enhancing our global standing as a world-class 04~05 machinery company while boosting the pride of our stakeholders, Doosan Group customers, and employees through products and services that History meet our customers’ values. We are on our way to realizing Affiliates Financial Highlights mankind’s aspirations as we drive the future of Industry 4.0 Sponsorship under our corporate slogan of ‘Powered by Innovation.’ 06~09 Doosan Infracore History Vision & Slogan Company Profile Financial Highlights Global Network 10~17 Business Overview Business Area Customer Value Future Innovation 18~21 Sustainability Management Communities Environment, Health & Safety Suppliers Doosan Infracore is enhancing our global standing as a world-class machinery company while boosting the pride of our stakeholders, customers, and employees through products and services that Innovation is Doosan Infracore’s core value meet our customers’ values. We are on our way to realizing for shaping the future. mankind’s aspirations as we drive the future of Industry 4.0 Doosan Infracore’s corporate slogan, ‘Powered under our corporate slogan of ‘Powered by Innovation.’ by Innovation’ represents our belief that our core competency for building up the foundations of the world comes from ‘innovation.’ It implies that Doosan Infracore is shaping the future of the machinery industry through ceaseless research and innovation while contributing to realizing the dream of humanity. DOOSAN GROUP Financial Highlights Sponsorship As the first modern enterprise in Korea, Doosan is striving to build a better tomorrow for all people Thanks to the changes in its portfolio, Doosan has achieved Doosan actively promotes its brand worldwide through sports around the world while coping rapidly with changes in the global business environment. -
Doosan Infracore Profile
Doosan Infracore Profile CONTENTS Doosan Infracore is enhancing our global standing as a world-class 04~05 machinery company while boosting the pride of our stakeholders, Doosan Group customers, and employees through products and services that History meet our customers’ values. We are on our way to realizing Affiliates Financial Highlights mankind’s aspirations as we drive the future of Industry 4.0 Sponsorship under our corporate slogan of ‘Powered by Innovation.’ 06~09 Doosan Infracore History Vision & Slogan Company Profile Financial Highlights Global Network 10~17 Business Overview Business Area Customer Value Future Innovation 18~21 Sustainability Management Communities Environment, Health & Safety Suppliers Doosan Infracore is enhancing our global standing as a world-class machinery company while boosting the pride of our stakeholders, customers, and employees through products and services that Innovation is Doosan Infracore’s core value meet our customers’ values. We are on our way to realizing for shaping the future. mankind’s aspirations as we drive the future of Industry 4.0 Doosan Infracore’s corporate slogan, ‘Powered under our corporate slogan of ‘Powered by Innovation.’ by Innovation’ represents our belief that our core competency for building up the foundations of the world comes from ‘innovation.’ It implies that Doosan Infracore is shaping the future of the machinery industry through ceaseless research and innovation while contributing to realizing the dream of humanity. DOOSAN GROUP Financial Highlights Sponsorship As the first modern enterprise in Korea, Doosan is striving to build a better tomorrow for all people Thanks to the changes in its portfolio, Doosan has achieved Doosan actively promotes its brand worldwide through sports around the world while coping rapidly with changes in the global business environment. -
CHFCC Membership Directory
www.chfcc.org CHFCC Membership Directory For more information, please contact: Joel M. Rinebold 860.291.8832 Connecticut Center for Advanced Technology, Inc. 222 Pitkin Street, Suite 101 East Hartford, CT 06108 www.ccat.us Funding Provided by The Connecticut Hydrogen-Fuel Cell Coalition (CHFCC) works to enhance economic growth through the development, manufacture and deployment of fuel cell and hydrogen technologies and associated fueling systems. The CHFCC is comprised of representatives from Connecticut’s fuel cell and hydrogen industry, labor, academia, government, and other stakeholders. Services AG/ENA Professional Services - www.arrch2alliance.com American Hydrogen Association Non-Profit - www.clean-air.org Bradley, Foster & Sargent, Inc. Professional Services - www.bfsinvest.com Center for Clean Energy Engineering Professional Services - www.energy.uconn.edu Connecticut Center for Advanced Technology, Inc. Non-Profit - www.ccat.us Connecticut Clean Cities Government Related - www.eere.energy.gov/cleancities Connecticut Clean Energy Finance & Investment Authority Government - www.ctcleanenergy.com Connecticut Department of Economic & Community Development Government - www.decd.org Connecticut Department of Transportation Government - www.ct.gov/dot Connecticut Siting Council Government - www.ct.gov/csc CTTRANSIT Public Transit - www.cttransit.com Design By Analysis, Inc. Technical Services - www.dbaworks.com Fuel Cell Perspectives Professional Services Gannon & Scott Professional Services The Greater New Haven Transit District Government -
Consolidated Reports IFRS Vision
DOOSAN ENGINEERING & CONSTRUCTION CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements December 31, 2014 (With Independent Auditors’ Report Thereon) Contents Page Independent Auditors’ Report 1 Consolidated Statements of Financial Position 3 Consolidated Statements of Loss 5 Consolidated Statements of Comprehensive Income (Loss) 6 Consolidated Statements of Changes in Equity 7 Consolidated Statements of Cash Flows 9 Notes to the Consolidated Financial Statements 10 Independent Auditors’ Report Based on a report originally issued in Korean The Board of Directors and Shareholders Doosan Engineering & Construction Co., Ltd.: We have audited the accompanying consolidated financial statements of Doosan Engineering & Construction Co., Ltd. and its subsidiaries (the “Group”), which comprise the consolidated statements of financial position as at December 31, 2014 and 2013, the consolidated statements of loss, comprehensive income (loss), changes in equity and cash flows for the years then ended, and notes, comprising a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with Korean International Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with Korean Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. -
Recent Developments in Rail Transportation Services 2013
Recent Developments in Rail Transportation Services 2013 The OECD Competition Committee discussed the recent developments in rail transportation services in June 2013. This document includes an executive summary of that debate and the documents from the meeting: an analytical note by the OECD Secretariat, written submissions from Australia, the Czech Republic, Denmark, the European Union, France, Hungary, Indonesia, Italy, Korea, Latvia, the Netherlands, Poland, Romania, the Russian Federation, Spain, Chinese Taipei, Ukraine, the United Kingdom, the United States, and a summary of the discussion. Railway reforms are still very much in progress in many countries. This Roundtable discusses the changes that have happened since the Competition Committee last examined this sector in February 2005 and examines their impact on the performance of the railway sector. The main changes have taken place in Europe where first the freight market and then the market for international passenger services have been opened to competition on the tracks across the whole Union. Domestic passenger services will follow suit in 2020, though a few countries have already liberalised this last part of the railway sector. The introduction of open competition is leading to numerous antitrust cases where separation between the incumbent railway undertaking and the infrastructure manager is not complete, thus keeping alive the debate on the pros and cons of vertical separation. In addition some countries have introduced tendering procedure to allocate concession for the provision of passenger services, mostly for heavily subsidised local and regional services, to obtain the benefits of competition even when the market cannot support multiple operators. From these experiences lessons can be learnt on how tenders should be run and contracts should be designed in order to maximise the benefits that competition for the market can bring. -
Doosan Corporation Notes to the Separate Financial Statements December 31, 2019 and 2018
Doosan Corporation Notes to the separate financial statements December 31, 2019 and 2018 1. General Doosan Corporation (the “Company”) was incorporated on December 18, 1933, under the name of Sohwa-Kirin Beer, Ltd. to manufacture and sell beer. The Company has changed its name to Dongyang Beer, Ltd. in February 1948 and again to OB Beer, Ltd. in February 1996 and finally to Doosan Corporation on September 1, 1998. Since June 1973, the Company’s shares have been listed in the Korea Exchange. After several capital issues, the Company’s share capital as of December 31, 2019, is ₩123,738 million, including ₩24,447 million of preferred shares. The Company’s ordinary shares as of December 31, 2019 are owned as follows: Number of ordinary Ownership shares owned percentage (%) Related parties 7,805,623 47.24 Treasury stocks 3,000,866 18.16 Others 5,717,346 34.60 16,523,835 100.00 Meanwhile, 35.9% of preferred shares are owned by the largest shareholder and others and 51.6% of preferred shares are owned by others. 2. Summary of significant accounting policies 2.1 Basis of preparation The Company prepares statutory financial statements in Korean in accordance with KIFRS enacted by the Act on External Audit of Stock Companies. The Company’s financial statements are separate financial statements prepared in accordance with KIFRS 1027 Separate Financial Statements, in which the controlling company, investors of associates or participants of joint control company have stated investment assets as accounting based on direct equity investment, not based on the reported performance and net assets of the investee. -
Holding Companies (Overweight)
June 2, 2011 Industry Report Holding Companies (Overweight) Holding companies deserve re-rating Daero Jeong +822-768-4160 [email protected] Overweight: Valuation discounts to dissipate We initiate coverage of the holding company sector with an Overweight rating. Holding companiesÊ shares are undervalued relative to their net asset values because investors prefer to directly invest in blue chip subsidiaries capable of generating more cash. But we believe valuation discounts will dissipate over time as: 1) the government should continue to ease the rules governing the founding and operations of holding companies, and 2) unlisted subsidiaries with robust growth potential should help boost NAV growth. Core subsidiaries perform far better than before The earnings, business stability and growth potential of holding companiesÊ core subsidiaries have improved markedly in recent years. Moreover, holding companies have diversified their revenue sources to include brand royalties and rental incomes, in addition to dividend payments from subsidiaries. As a result, their earnings volatility has decreased and fundamentals have improved. Top picks: LG Corp. and SK Holdings Our top picks are LG Corp. (003550 KS) and SK Holdings (003600 KS), which were selected based on the following criteria: ① Subsidiary portfolio: Growth potential of core subsidiaries, and re-rating of unlisted subsidiaries. ② Stable corporate governance: Synergies among related businesses within the group, and willingness to enter new businesses. ③ Attractive valuation: Undervalued -
Doosan Babcock Response to Scotland Energy Strategy Consultation: May 2017
Doosan Babcock Response to Scotland Energy Strategy Consultation: May 2017 Executive Summary Doosan Babcock Investment in the Scottish Energy Strategy As a UK based energy engineering services specialist operating across the Thermal, Oil and Gas, Nuclear and Distributed Energy sectors, Doosan Babcock takes a strong interest in the proposed Scottish Energy Strategy. Employing over 4,000 professional and blue collar staff and with manufacturing capacity based in Scotland, Doosan Babcock has felt the impact of the evolution of the energy sector. The whole systems approach taken in the Scottish Government’s Draft Energy Strategy document is welcomed to allow Scotland, and Scottish businesses, to move ahead and become global leaders in driving the interaction that is necessary between the heat, transport and power elements of the energy system in a modern low carbon environment. Distributed Energy, Low Carbon, Whole System Approach Doosan Babcock applaud Scotland’s progress in decarbonisation of the electricity grid We recognise the upcoming challenges in the decarbonisation of heat and transport - Scotland has the opportunity, capability and drive to take a leading global role in this activity The Scottish Government should produce, as soon as possible, a detailed sector road map, setting out the process for decarbonising heat (electrification and the role of hydrogen), in order that there is a clear path and timeline to achieving the targets laid out in the draft strategy (similar comments also apply to electricity and transport) Support -
Elite Sport Development in South Korea: an Analysis of Policy Change in the Sports of Athletics, Archery and Baseball
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Loughborough University Institutional Repository Elite Sport Development in South Korea: An Analysis of Policy Change in the Sports of Athletics, Archery and Baseball by Jae Woo Park A Doctoral Thesis Submitted in partial fulfilment of the requirements For the award of Doctor of Philosophy of Loughborough University February 2011 © Jae Woo Park 2011 Abstract This thesis explores the process of elite sport policy development in South Korea. The thesis analyses the process of policy change in the sports of athletics, archery and baseball at the elite level. The three objectives of the study are: (i) to trace the emergence, development and current status of elite sport policy in South Korea; (ii) to identify how elite sport policy has changed in response to both exogenous factors and endogenous factors; and (iii) to evaluate the utility of the macro‐level and meso‐level theories of the process of policy change in relation to Korean elite sport development. A multiple‐case study approach is adopted, focusing on each of the three sports in turn, wherein a qualitative methodology (semi‐structured interviews and document analysis) is utilised in order to elicit data regarding elite sport policy change and development. The analysis of the three case studies is organised by following the two principal themes indentified by Green & Houlihan (2005). Firstly, the organisational structure and administration of the national governing body of athletics is explored followed by an analysis of the nature of the body’s relationships with other organisations and an assessment of the influence and significance of business.