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 compan
on supply and demand of markets
• Limited flexible exchange rate system: A system that is in a middle of fixed and flexible. It limited the range of exchange rate fluctuation about certain currency within certain range(1~2.25%).
2. 2. Since the flexible exchange rate system was adopted as a new international monetary system in IMF conference held in Kingston, Jamaica in 1976, each co
Capitalized interest
K-IFRS : disclosed on notes.
Business Accounting Standard 1101 : selective exemption of accounts.
KT&G doesn’t record capitalized interest on financial statements.
‘fair level’ : KT&G followed well the standards of IFRS, have adopted them clearly and without problem.
Analyzing the financial statement of KT&G, the accounting policies were following
the
supporting the cost of living, providing martial support, and free meal service for lower income families. May, 2013 currently, Ondol welfare project is in process of carrying on many welfare services such as 희망마차service which deliver necessaries to underprivileged people, unit heater checking service, caring community creating project and free meal service for day worker and etc.
(2) Performance overview
Hyundai E&C ‘s main performance related to sales is consist of plant & electrical works. Second major performance is building & housing. According to this, new orders follow similarly. Plant & Electrical and building & housing new orders account for about 70 % of whole new orders.
(3) ROA
ROA(Return on Assets) = NOPAT / Average assets
① Tuksu E&C
ROA = {