2007 First Quarter Operating Results
2007-05-02On April 30, 2007, Kookmin Bank held an earnings conference and released its operating results for the first quarter of 2007. The following tables reflect the key figures released during the conference, and full presentation material is available at the Kookmin Bank website (www.kbstar.com) for further information.
The figures for the first quarter of the fiscal year 2007 presented herein are currently being reviewed by our independent auditor, and such figures are subject to change.
In effect from January 1, 2007, we have adopted SKAS1No. 21 (“Preparation and Presentation of Financial Statements Ⅰ”) and SKAS No. 24 (“Preparation and Presentation of Financial Statements Ⅱ (Financial Industry)”), pursuant to which the presentation and order of certain line items, including gain/loss on disposal of available-for-sale securities, have been reclassified from non-operating income to operating income. We have revised our financial statements for prior periods to effect this change.
Selected Financial Data
| (Won in trillions) | As of the date indicated |
||
|---|---|---|---|
| March 31, 2007 |
March 31, 2006 |
% Change (YoY) |
|
| Total Assets Loans in Won2 |
199.4 136.2 |
186.3 122.2 |
7.0 11.5 |
| Total Liabilities Deposits in Won |
184.9 135.1 |
173.3 130.0 |
6.7 3.9 |
| Shareholders’ Equity |
14.5 |
13.0 |
11.5 |
| (Won in billions) | For the three-month period ended |
|
|---|---|---|
| March 31, 2007 |
March 31, 2006 |
|
| Operating Income | 1,625.6 |
1,076.9 |
| Non-Operating Income |
16.5 |
47.5 |
| Net Income |
1,182.5 |
803.0 |
| (Won in billions) | As of the date indicated |
||
|---|---|---|---|
| March 31, 2007c |
March 31, 2006 |
% Change (YoY) |
|
Total Loans for NPL Management |
156,506.7 |
137,330.8 |
14.0 |
| Substandard & Below Loans |
1,559.0 |
2,230.3 |
-30.1 |
| Loan Loss Reserves |
2,372.5 |
2,313.3 |
2.6 |
| NPL Ratio |
1.00% |
1.62% |
-0.62%p |
| NPL Coverage Ratio |
152.2% |
103.7% |
48.5%p |
| Delinquency Ratio | 0.86%3 |
1.62%4 |
-0.76%p |
1 SKAS: Statements of Korea Accounting Standards
2 Including Private Placement Bonds
3 Based on new delinquency guideline
4 Prior to delinquency guideline changes