Exhibit 99.2
Statement of Financial Position
and
Statement of Comprehensive Income
POSCO(the “Company”)
POSCO(the “Company”)
Separate Statement of Financial Position
As of December 31, 2020 and 2019
(Unit: KRW)
| December 31, 2020 | December 31, 2019 | |||||||
Asset | ||||||||
[Total current assets] | 19,579,953,330,110 | 18,216,066,010,030 | ||||||
(1) Cash and Cash equivalents | 1,822,659,511,020 | 978,138,798,756 | ||||||
(2) Trade accounts and notes receivable, net | 3,693,535,160,508 | 3,987,041,395,595 | ||||||
(3) Other receivables, net | 279,555,037,069 | 321,351,931,552 | ||||||
(4) Other short-term financial assets | 9,607,632,144,254 | 7,858,978,596,860 | ||||||
(5) Inventories | 4,093,829,396,206 | 4,988,529,839,417 | ||||||
(6) Assets held for sale | 32,244,076,007 | 53,923,984,354 | ||||||
(7) Other current assets | 50,498,005,046 | 28,101,463,496 | ||||||
[Total non-current assets] | 37,215,015,171,419 | 37,494,700,407,090 | ||||||
(1) Long-term trade accounts and notes receivable, net | 2,455,714,886 | 6,014,418,293 | ||||||
(2) Other receivables, net | 84,036,676,414 | 56,468,222,327 | ||||||
(3) Other long-term financial assets | 1,072,817,355,419 | 1,257,896,025,839 | ||||||
(4) Investments in subsidiaries, associates and joint ventures | 14,883,152,081,135 | 15,069,857,442,875 | ||||||
(5) Investment property, net | 149,616,567,731 | 158,076,902,701 | ||||||
(6) Property, plant and equipment, net | 20,216,932,016,206 | 20,132,198,550,174 | ||||||
(7) Intangible assets, net | 621,926,266,536 | 708,914,719,964 | ||||||
(8) Defined benefit assets, net | 76,501,161,995 | |||||||
(9) Other non-current assets | 107,577,331,097 | 105,274,124,917 | ||||||
Total assets | 56,794,968,501,529 | 55,710,766,417,120 | ||||||
Liabilities | ||||||||
[Current Liabilities] | 5,089,110,669,881 | 3,331,446,367,137 | ||||||
(1) Trade accounts and notes payable | 1,258,470,168,712 | 667,550,795,243 | ||||||
(2) Short-term borrowings and current installments of long-term borrowings | 2,408,391,758,582 | 1,146,475,925,098 | ||||||
(3) Other payables | 1,127,323,121,432 | 1,113,002,704,839 | ||||||
(4) Other short-term financial liabilities | 12,788,134,610 | 10,969,086,444 | ||||||
(5) Current income tax liabilities | 137,857,659,789 | 237,293,512,210 | ||||||
(6) Provisions | 63,603,755,316 | 21,006,673,984 | ||||||
(7) Other current liabilities | 80,676,071,440 | 135,147,669,319 | ||||||
[Non-current Liabilities] | 6,591,153,732,744 | 6,765,134,918,740 | ||||||
(1) Long-term borrowings, excluding current installments | 5,346,944,320,958 | 5,191,536,543,801 | ||||||
(2) Other payables | 220,612,043,603 | 222,802,262,187 | ||||||
(3) Other long-term financial liabilities | 122,154,164,264 | 46,925,496,385 | ||||||
(4) Defined benefit liabilities, net | 54,146,093,851 | |||||||
(5) Deferred tax liabilities | 848,316,508,827 | 1,190,553,024,206 | ||||||
(6) Long-term provisions | 52,602,260,738 | 53,941,502,242 | ||||||
(7) Other non-current liabilities | 524,434,354 | 5,229,996,068 | ||||||
Total Liabilities | 11,680,264,402,625 | 10,096,581,285,877 | ||||||
Equity | ||||||||
I. Share capital | 482,403,125,000 | 482,403,125,000 | ||||||
II. Capital surplus | 1,339,288,764,328 | 1,252,220,277,524 | ||||||
III. Hybrid bonds | 199,383,500,000 | 199,383,500,000 | ||||||
IV. Reserves | (296,625,997,051 | ) | (183,929,515,428 | ) | ||||
V. Treasury shares | (2,391,522,759,280 | ) | (1,508,303,486,780 | ) | ||||
VI. Retained earnings | 45,781,777,465,907 | 45,372,411,230,927 | ||||||
Total equity | 45,114,704,098,904 | 45,614,185,131,243 | ||||||
Total liabilities and equity | 56,794,968,501,529 | 55,710,766,417,120 |
POSCO(the “Company”)
Separate Statements of Comprehensive Income
For the years ended December 31, 2020 and 2019
(Unit: KRW)
| 2020 | 2019 | |||||||
I. Revenue | 26,509,920,446,184 | 30,373,510,738,515 | ||||||
II. Cost of Sales | 24,323,352,080,110 | 26,700,873,690,120 | ||||||
III. Gross profit | 2,186,568,366,074 | 3,672,637,048,395 | ||||||
IV. Selling and administrative expenses | 1,051,371,800,929 | 1,086,277,696,663 | ||||||
(1) Reversal of (impairment loss) on trade accounts and notes receivable | 4,371,872,040 | (4,534,821,063 | ) | |||||
(2) Other administrative expenses | 807,626,100,506 | 851,140,065,519 | ||||||
(3) Selling expenses | 239,373,828,383 | 239,672,452,207 | ||||||
V. Operating profit | 1,135,196,565,145 | 2,586,359,351,732 | ||||||
VI. Finance income and costs | 410,482,753,715 | 360,440,231,705 | ||||||
(1) Finance income | 1,230,684,213,438 | 868,681,977,486 | ||||||
(2) Finance costs | (820,201,459,723 | ) | (508,241,745,781 | ) | ||||
VII. Other non-operating income and expenses | (527,799,352,070 | ) | (1,115,550,683,594 | ) | ||||
(1) Reversal of (impairment loss) on other receivables | 487,350,059 | (286,432,701 | ) | |||||
(2) Other non-operating income | 146,548,122,785 | 238,210,001,986 | ||||||
(3) Other non-operating expenses | (674,834,824,914 | ) | (1,353,474,252,879 | ) | ||||
VIII. Profit before income tax | 1,017,879,966,790 | 1,831,248,899,843 | ||||||
IX. Income tax expense | 52,016,526,439 | 655,536,497,544 | ||||||
X. Profit | 965,863,440,351 | 1,175,712,402,299 | ||||||
XI. Other comprehensive income (loss) | (61,783,269,016 | ) | (65,599,558,850 | ) | ||||
(1) Items that will not be reclassified subsequently to profit or loss | ||||||||
1. Remeasurements of defined benefit plans | 53,815,672,041 | (80,554,476,393 | ) | |||||
2. Net changes in fair value of equity investments at fair value through other comprehensive income | (115,598,941,057 | ) | 14,954,917,543 | |||||
XII. Total comprehensive income | 904,080,171,335 | 1,110,112,843,449 | ||||||
XIII. Basic and diluted earnings per share (in Won) | ||||||||
(1) Basic earnings per share (in Won) | 12,123 | 14,592 | ||||||
(2) Diluted earnings per share (in Won) | 12,123 | 14,592 | ||||||
