DOCSLIB.ORG

Doosan Corporation and Subsidiaries Notes to the Consolidated Financial Statements December 31, 2016 and 2015

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Doosan Corporation and Subsidiaries Notes to the Consolidated Financial Statements December 31, 2016 and 2015 Doosan Corporation and Subsidiaries Notes to the Consolidated Financial Statements December 31, 2016 and 2015 1. General Information 1.1 The Parent Company Doosan Corporation (“the Parent Company”) in accordance with Korean IFRS 1110 Consolidated Financial Statements was incorporated on December 18, 1933, under the name of Sohwa-Kirin Beer, Ltd. The Parent Company has changed its name to Dongyang Beer, Ltd. in February 1948, to OB Beer, Ltd. in February 1996, and to Doosan Corporation on September 1, 1998. In June 1973, the Parent Company listed its stock on the Korea Exchange. After several capital increases, the Parent Company’s share capital as at December 31, 2016 is ￦134,838 million, including ￦26,984 million of preferred shares. The Parent Company’s ordinary shareholders as at December 31, 2016, are as follows: Number of ordinary shares Percentage of owned ownership (%) Related parties 9,369,395 46.37 Treasury shares 5,276,455 26.11 Others 5,561,038 27.52 Total 20,206,888 100 Meanwhile, 48.3% of preferred shares are owned by the related parties including the largest shareholder, and 51.7% of preferred shares are owned by others entities and individual shareholders. 14 Doosan Corporation and Subsidiaries Notes to the Consolidated Financial Statements December 31, 2016 and 2015 1.2 Consolidated subsidiaries Details of consolidated subsidiaries as at December 31, 2016 and 2015, are as follows: Ownership Ownership interest held by interest held by non-controlling Closing Type of the Group (%) 1 interests (%)1 date Subsidiary business Location 2016 2015 2016 2015 December Oricom Inc. Advertising Korea 65.5 66.9 34.5 33.1 31 December HanComm. Inc. Advertising Korea 100.0 100.0 34.5 33.1 31 December Doosan Bears, Inc. Sports Korea 100.0 100.0 - - 31 Manufacturing and December Doosan Feed & Livestock Co., Ltd. Korea 100.0 100.0 - - sales 31 December Doosan Tower Co., Ltd. 4 Real estate Korea 100.0 100.0 - - 31 December DIP Holdings Co., Ltd. Holding company Korea 100.0 100.0 - - 31 December DLI Corporation Training Korea 100.0 - - - 31 Software December DRA Inc. Korea 100.0 100.0 - - development 31 December Doosan Mecatec Co., Ltd. Manufacturing Korea 100.0 - - - 31 Research and December DAE Inc. Korea 100.0 - - - development 31 Doosan Electro-Materials Singapore Pte Wholesale and December Singapore 100.0 100.0 - - Ltd. retail 31 Wholesale and December Doosan Hongkong Ltd. China 100.0 100.0 - - retail 31 Doosan Electro-Materials (Shen Zhen) Wholesale and December China 100.0 100.0 - - Limited. retail 31 Doosan Shanghai Chemical Materials Wholesale and December China 100.0 100.0 - - Co., Ltd. retail 31 Doosan Electro-Materials (Changshu) December Manufacturing China 100.0 100.0 - - Co., Ltd. 31 Doosan Second Real Estate Specialized in December Korea 2 2 - - Securitization Specialty Ltd. 2 securitization 31 Doosan Information and Communications December IT service USA 100.0 100.0 - - America, LLC 31 Doosan Information and Communications December IT service China 100.0 100.0 - - China, Co., Ltd. 31 December Doosan Mottrol (Jiangyin) Co., Ltd. Manufacturing China 100.0 100.0 - - 31 Doosan Information & Communications December IT service UK 100.0 100.0 - - Europe 31 Wholesale and December Doosan Industrial Vehicle Europe N.A. Belgium 100.0 100.0 - - retail 31 Wholesale and December Doosan Industrial Vehicle U.K. Ltd. UK 100.0 100.0 - - retail 31 15 Doosan Corporation and Subsidiaries Notes to the Consolidated Financial Statements December 31, 2016 and 2015 Ownership Ownership interest held by interest held by non-controlling Closing Type of the Group (%) 1 interests (%)1 date Subsidiary business Location 2016 2015 2016 2015 December Doosan Logistics Europe GmbH Manufacturing Germany 100.0 100.0 - - 31 Wholesale and December Doosan Industrial Vehicle America Corp. USA 100.0 100.0 - - retail 31 December Doosan Industrial Vehicle Yantai Co., Ltd. Manufacturing China 100.0 100.0 - - 31 Wholesale and December Genesis Forklift Trucks Limited UK 100.0 100.0 - - retail 31 December Rushlift Holdings Ltd. Holding company UK 100.0 100.0 - - 31 December Doosan Materials Handling UK Ltd. Holding company UK 100.0 100.0 - - 31 Wholesale, retail December Rushlift Ltd. UK 100.0 100.0 - - and lease 31 December Doosan Electro-Materials America, LLC Marketing USA 100.0 100.0 - - 31 Doosan Electro-Materials Luxembourg December Holding company Luxembourg 100.0 100.0 - - Sarl 31 December Circuit Foil Luxembourg Manufacturing Luxembourg 100.0 100.0 - - 31 December Circuit Foil Asia Pacific (Zhangjiagang) Manufacturing China 100.0 100.0 - - 31 Wholesale and December Circuit Foil Asia Pacific (Hong Kong) Hong Kong 100.0 100.0 - - retail 31 Wholesale and December Circuit Foil Trading Inc. USA 100.0 100.0 - - retail 31 December Doosan Fuel Cell America, Inc. Manufacturing USA 100.0 100.0 - - 31 Specialized in December Sunny Russell 8th Co., Ltd.2 Korea - - - - securitization 31 Other engine and Doosan Heavy Industries & Construction December turbine Korea 37.8 40.3 62.2 59.7 Co., Ltd. (“DHC”) 3 31 manufacture DOOSAN Asset Management Company Real estate December Korea 100.0 100.0 62.2 59.7 Co., Ltd development 31 Other engine and Doosan Heavy Industries Vietnam Co., December turbine Vietnam 100.0 100.0 64.1 61.7 Ltd. 31 manufacture December HF Controls Corp. Manufacturing USA 100.0 100.0 62.2 59.7 31 December HF Controls Corp. Manufacturing Korea 100.0 100.0 62.2 59.7 31 December PT. Doosan Heavy Industries Indonesia Manufacturing Indonesia 55 55 79.2 77.8 31 Wholesale and December Doosan Heavy Industries Japan Corp. Japan 100.0 100.0 62.2 59.7 retail 31 December S.C. Doosan IMGB S.A. Manufacturing Romania 99.9 99.8 62.3 59.8 31 16 Doosan Corporation and Subsidiaries Notes to the Consolidated Financial Statements December 31, 2016 and 2015 Ownership Ownership interest held by interest held by non-controlling Closing Type of the Group (%) 1 interests (%)1 date Subsidiary business Location 2016 2015 2016 2015 Engineering and December Doosan Enpure Ltd. UK 100.0 100.0 62.2 59.7 service 31 Doosan Construction Site Solutions December Retail Vietnam 100.0 100.0 62.2 59.7 Vietnam Co., Ltd. 31 Engineering and Doosan Power Systems India Private Ltd. India 100.0 100.0 62.2 59.7 March 31 service December Doosan Heavy Industries Muscat LLC Manufacturing Oman 70 70 73.6 71.8 31 December Doosan Power Systems Arabia Manufacturing Saudi Arabia 51 51 80.7 79.4 31 December Azul Torre Construction Corporation 3 Manufacturing Philippine 40 - 84.9 - 31 Doosan Heavy Industries America December Holding company USA 100.0 100.0 62.2 59.7 Holdings LLC 31 December Doosan Hydro Technology LLC Manufacturing USA 100.0 100.0 62.2 59.7 31 Engineering and December Doosan Engineering & Services LLC USA 100.0 100.0 62.2 59.7 service 31 Wholesale and December Doosan Heavy Industries America LLC USA 100.0 100.0 62.2 59.7 retail 31 Engineering and December Doosan ATS America, LLC USA 100.0 100.0 62.2 59.7 service 31 Engineering and December Doosan Power Service America, LLC USA 100.0 - 62.2 59.7 service 31 Software and December Doosan GridTech Inc. system USA 100.0 - 62.2 - 31 engineering Software and December Doosan GridTech LLC system USA 100.0 - 62.2 - 31 engineering Software and December Doosan GridTech CA LLC system USA 100.0 - 62.2 - 31 engineering December Doosan Skoda Power s.r.o Manufacturing Czech 100.0 100.0 62.2 59.7 31 Skoda Power Private Ltd. Engineering India 100.0 100.0 62.2 59.7 March 31 Doosan Power Systems Pension Trustee Specialized December UK 100.0 100.0 62.2 59.7 Company Ltd. service 31 Doosan Power Systems Overseas December Holding company UK 100.0 100.0 62.2 59.7 Investments Ltd. 31 Engineering and December Doosan Babcock Ltd. UK 100.0 100.0 62.2 59.7 service 31 December Doosan Power Systems Holdings Ltd. Holding company UK 100.0 100.0 62.2 59.7 31 Doosan Power Systems Europe Limited Engineering and December Germany 100.0 100.0 62.2 59.7 GmbH service 31 Engineering and December Doosan Power Systems Americas LLC USA 100.0 100.0 62.2 59.7 service, 31 17 Doosan Corporation and Subsidiaries Notes to the Consolidated Financial Statements December 31, 2016 and 2015 Ownership Ownership interest held by interest held by non-controlling Closing Type of the Group (%) 1 interests (%)1 date Subsidiary business Location 2016 2015 2016 2015 Specialized December Doosan Lentjes UK Limited UK 100.0 100.0 62.6 60.1 service 31 Engineering and December Doosan Lentjes GmbH Germany 99 99 62.6 60.1 service 31 December Doosan Power Systems S.A. Holding company Luxembourg 100.0 100.0 62.2 59.7 31 Doosan Babcock Energy Technologies Engineering and December China 100.0 100.0 62.2 59.7 (Shanghai) Ltd. service 31 Doosan Babcock Energy Services Engineering and December UK 100.0 100.0 62.2 59.7 (Overseas) Ltd. service 31 Engineering and December Doosan Babcock Energy Polska Sp z.o.o. Poland 98.9 98.9 62.6 60.1 service 31 Engineering and December Doosan Babcock Energy Germany GmbH Germany 100.0 100.0 62.2 59.7 service 31 Specialized December Doosan Lentjes Czech s.r.o Czech 100.0 100.0 62.6 60.1 service 31 Dormant December AE & E Lentjes Belgie N.V. Belgium 100.0 100.0 62.6 60.1 corporation 31 Doosan Power Systems (Scotland) Ltd.
Load more

Recommended publications
  • Doosan Corporation and Its Subsidiaries Notes to the Consolidated Financial Statements December 31, 2019 and 2018 9 1. General
    Doosan Corporation and its subsidiaries Notes to the consolidated financial statements December 31, 2019 and 2018 1. General 1.1 The Parent company information 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. The consolidated financial statements of the Company and its subsidiaries (collectively, the “Group”) have been prepared based on Korean International Financial Reporting Standards (“KIFRS”) 1110 Consolidated Financial Statements. Since June 1973, the Group’s shares have been listed in the Korea Exchange. After several capital issues, the Group’s share capital as of December 31, 2019 is ￦123,738 million, including ￦24,447 million of preferred shares. The Group’s ordinary shares as of December 31, 2019 are owned as follows: Number of ordinary shares Ownership 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. 1.2 Consolidated subsidiaries information Details of the subsidiaries as of December 31, 2019 and 2018 are as follows: Ownership ratio of Ownership ratio of non-controlling the Group (%)(*1) interests (%)(*1) Financial Subsidiary Type of business Location 2019 2018 2019 2018 closing date Oricom Inc.
    [Show full text]
  • The Identification of Collective Bargaining Issues for the Korea Baseball Organization Jongmi Joo
    Florida State University Libraries Electronic Theses, Treatises and Dissertations The Graduate School 2003 The Identification of Collective Bargaining Issues for the Korea Baseball Organization Jongmi Joo Follow this and additional works at the FSU Digital Library. For more information, please contact [email protected] THE FLORIDA STATE UNIVERSITY COLLEGE OF EDUCATION THE IDENTIFICATION OF COLLECTIVE BARGAINING ISSUES FOR THE KOREA BASEBALL ORGANIZATION By JONGMI JOO A Dissertation submitted to the Department of Sport Management, Recreation Management, and Physical Education in partial fulfillment of the requirements for the degree of Doctor of Philosophy Degree Awarded: Fall Semester, 2003 The members of the Committee approved the dissertation of Jongmi Joo defended on August 25, 2003. Annie Clement Professor Directing Dissertation David Pargman Outside Committee Member Alvin Stauber Outside Committee Member Tom Ratliffe Committee Member Approved: Charles Imwold, Chair, Department of Sport Management, Recreation Management, and Physical Education The Office of Graduate Studies has verified and approved the above named committee members. ii Dedicated to my father, Cheongon Joo, mother, Seonggu Lee, father in law, Dr. Donghee Choi, and mother in law, Yongjae Kim iii ACKNOWLEDGMENTS This dissertation might never be completed without the help of a number of individuals. I would like to thank Dr. Annie Clement, major professor, whose leadership, understanding, guidance, patience, and friendship have been a constant source of encouragement and motivation. I offer my sincere thanks to the other members of my committee, Dr. David Pargman, Dr. Alvin Stauber, and Dr. Tom Ratliffe for their excellent suggestions, which were instrumental in the completion of this study. I feel truly blessed to have had such a wonderful committee members.
    [Show full text]
  • 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
    [Show full text]
  • Download Pro Baseball 1996-1997, , Chalkboard Press, 1997
    Pro Baseball 1996-1997, , Chalkboard Press, 1997, 0965606961, 9780965606967, . , , , , . Player head shots courtesy of David Davis. Many thanks to him. We have only selected seasons (players who debuted before 1960) for which we believe the image has reverted into the public domain. We will quickly remove any images for which that can be shown to not be the case.Please let us know if you are aware of any such images on this site. In 1985, the Sammi Superstars became known as the Cheongbo Pintos. The next year, 1986, saw some major changes, with the OB Bears moving from Daejeon to share the Seoul's Jamsil Baseball Stadium with MBC Chungyong in Seoul. A new franchise, the Binggrae Eagles, joined to replace vacancy of Daejeon by OB's moving and expanding the league to seven franchises. 1988 saw the Cheongbo Pintos change ownership again, becoming the Pacific Dolphins. In 1990, MBC Chungyong became the LG Twins and an eighth franchise was added, the Ssangbangwool Raiders who represented the Jeollabuk-do region. There was little change in the 90's except for a few major sponsors: 1993 saw the Binggrae Eagles become the Hanwha Eagles, in 1995 the Pacific Dolphins became the Hyundai Unicorns and the OB Bears in 1999 became the Doosan Bears. Bigger changes were affected in 2000 when the Hyundai Unicorns moved from Incheon to Suwon, and a new franchise, the SK Wyverns took their place in Incheon. The Ssangbangwool Raiders became defunct. In 2001, the Haitai Tigers became the Kia Tigers. In 2008, the Hyundai Unicorns franchise was sold, renamed the Woori Heroes and moved to Mok-dong in Seoul, after a disappointing season in 2007 both on and off the field.
    [Show full text]
  • 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.
    [Show full text]
  • 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
    [Show full text]
  • 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.
    [Show full text]
  • KOREA Magazine [May 2011 VOL. 7 NO. 5]
    People & Culture MAY 2011 JEJUDO ISLAND A NATURAL WONDER SEOUL FLEA MARKETS SAVING MONEY AND THE ENVIRONMENT 야구[ja:gu] BASEBALL KOREA’S FANS GO WILD FOR THE STARS OF THE DIAMOND www.korea.net ISSN: 2005-2162 Contents may 2011 VOL.7 NO.05 02 COVER STORY Professional baseball, one of Koreans’ favorite 02 pastimes, celebrates 30 years in Korea. 12 PEN & BRUSH Novelist Shin Kyung-sook’s English-translated Please Look After Mom finds world-wide fame. 16 PEOPLE Korean scientist Ryoo Ryong builds a reputation for his achievements in chemistry. 19 GREAT KOREAN Meet Syngman Rhee or Yi Seung-man, the first president of South Korea. 22 SEOUL Sarangchae at Cheong Wa Dae is one of Seoul’s most unforgettable tourist destinations. 24 TRAVEL Jejudo Island is an ecological treasure. PUBLISHER Seo Kang-soo, Korean Culture and Information Service 28 FESTIVAL EDITING HEM KOREA Co., Ltd Hampyeong hosts the Butterfly Festival in May. E-MAIL [email protected] 30 PRINTING Samsung Moonhwa Printing Co. NOW IN KOREA Seoul’s got some thrifty flea markets in town. All right reserved. No part of this 22 publication may be reproduced in any form without permission from 34 KOREA and the Korean Culture and SPECIAL ISSUE Information Service. Dokdo: A peek at Korea‘s easternmost point. The articles published in KOREA do not necessarily represent the views of 38 the publisher. The publisher is not liable SUMMIT DIPLOMACY for errors or omissions. Malaysia’s Prime Minister visits Korea. If you want to receive a free copy of 42 KOREA or wish to cancel a subscription, please e-mail us.
    [Show full text]
  • 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.
    [Show full text]
  • Internationalisation Strategy (“GCA’S Internationalisation Strategy”)
    Ref. Ares(2019)4111434 - 28/06/2019 Global Content Alliance Grant Agreement n° 783405 Internationalisation Strategy (“GCA’s Internationalisation Strategy”) Grant Agreement Deliverable D4.1 Actual Date submission date: 07/01/2019 Due date of deliverable: M11 Start date of the Project: 01/01/2018 Duration: 18 months 06/01/2019 GCA D4.1 Internationalisation Strategy – PUBLIC DOCUMENT Page 1 of 64 Credits This document has been elaborated in the frame of the GCA - Global Content Alliance - project (Agreement N°783405) co-funded by the European Commission COSME programme (2014-2020). The contributors to this Document: Editor: Emre Koca, GCA WP4 leader at Transmedia Bayern, Germany Coached by Philippe Dubois, in-house consultant at Transmedia Bayern, Germany Contributors: Egbert Van Wyngaarden, CEO at Transmedia Bayern, Germany Pierre Collin, CEO at Cluster TWIST, Belgium Pervenche Beurier, CEO at Pôle Média Grand Paris, France Pernilla Lavesson, Community Manager at Media Evolution, Sweden Disclaimer The content of this document represents the views of the authors only and is their sole responsibilities; it cannot be considered to reflect the views of the European Commission and/or the Executive Agency for Small and Medium-sized Enterprises (EASME) or any other body of the European Union. The European Commission and the Agency do not accept any responsibility for use that may be made of the information it contains. This document is part of the project GCA which has received funding from the European Commission COSME programme (2014-2020) - grant agreement No. 783405. 06/01/2019 GCA D4.1 Internationalisation Strategy – PUBLIC DOCUMENT Page 2 of 64 Table of Contents 1 THE KEY CHALLENGES FOR INTERNATIONALISATION .............................................................................................................
    [Show full text]
  • 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.
    [Show full text]
  • 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.
    [Show full text]