소개글
[기업재무] KT&G 재무분석(영문)에 대한 자료입니다.
목차
(a) About KT&G
(b) The accounting policies and key events and compliance with IFRS
1. Revenue Recognition (IAS 18)
2. PP&E (IAS 16)
3. Intangibles (IAS 38)
4. Investment property (IAS 40)
5. Capitalized interest (IAS 23)
6. Inventory (IAS 2)
7. Provisions and contingencies (IAS 37)
(c) The impact of IFRS on the financial statements
(d) Assessment of the informativeness of financial statements under IFRS
본문내용
KT&G has decided to early-adopt IFRS. KT&G has organized a Task Force Team to conduct internal training and analyze the effects of adopting IFRS since the government announced the adoption of IFRS. In October 2008, the company has appointed an External Advisor to analyze the main differences between IFRS and K-IFRS as the first-phase preparation. In the second-phase preparation, KT&G established responses to for the major differences and decided on the company's accounting policies. In the third-phase preparation, the company prepares financial statements based on K-IFRS.
KPMG Samjung Accounting Corporation audited the accompanying non-consolidated balance sheets of KT&G Corporation as of December 31, 2008 and 2007, and the related non-consolidated statements of income, appropriation of retained earnings, changes in equity and cash flows for the years then ended. As presented in the 2008 Annual report, KPMG Samjung suggests that the non-consolidated financial statements present fairly, in all material respects, the financial position of KT&G Corporation as of December 31, 2008 and 2007, and the results are in conformity with accounting principles generally accepted in the Republic of Korea.