Change of 2003 Operating Results
2004-03-04On March 3, 2004, Kookmin Bank announced a change in its operating results for the fiscal year ended 2003, which had been disclosed and webcasted through its Internet homepage during the 2003 earnings conference held on February 9, 2004. This change is due to approximately 129 billion Korean Won of additional corporate taxes payable(national tax) and additional 13 billion Korean Won of municipal tax(approximately 10% of national tax) by Kookmin Bank, which are expected to be imposed by Korean National Tax Service in March in 2004. Accordingly, Kookmin Bank intends to account for that amount as expenses for the fiscal year ended 2003.
As a result, net losses of Kookmin Bank will increase by 142 billion Won for the fiscal year ended 2003 to approximately 753 billion Korean Won from the previously released figure of 611 billion Won.
For Kookmin Bank’s full financial statements, please refer to Kookmin Bank’s Audit Reports for the fiscal year of 2003 which is disclosed separately today.