[]

K-IFRS 1032(:) 28-32 AG30-AG35

1.
1)
: + ()
_ :
_ :

2)
: +
: +
3)
: (, )
: risk )( , )
: ,
4) ( )
=

2. (CB: convertible bond)

(1)
= () + ()
= () ()
[ ]
() 10,000, 3
() 10%, ( 10,00010%=1,000)

(1) () 15%
0

1,000

1,000

1,000

10,000

= 10,000 0.6575(,15%,3) =

6,575

= 1,000 2.2832(,15%,3) = 2,283

total()

8,858

: ()

8,858

()

10,000

1,142

<>

8,858

1
2

1,329
1,378

1,000
1,000

329
379

9,187
9,565

1,435

1,000

435

10,000

1 : ()

1,329 ()

: ()

10,000 ()

1,000
329

10,000

(2) () 8%
0

1,000

1,000

1,000

10,000

= 10,000 0.7938(,8%,3) =

7,938

= 1,000 2.5771(,8%,3) = 2,577

total()

: ()

10,515

10,515

()

10,000
515

10,515

841

1,000

159

10,356

829

1,000

171

10,185

815

1,000

185

10,000

1 : ()

841 ()

: ()

1,000

159

10,000

()

10,000

(3) () 10%
0

:
:

1,000

1,000

1,000
10,000

= 10,000 0.7513(,10%,3) =

7,513

= 1,000 2.4868(,10%,3) = 2,487

 total()

10,000

< >
() 10,000, 3, ( )
() 8%, ( 10,0008%=800)
() 15%
8,858 ( 10% )
0

2
800

3
800

800
10,000

= 10,000 0.6575( , 15%, 3) = 6,575

= 800 2.2832( , 15%, 3) = 1,827
total ( )

8,402

( ) 8,402
8,858
8,858 8,402 = 456

 10,000 8,402 = 1,598

10,000

8,858

(1,598)

(456)
8,402

(2)
()

1) (20x1.1.1)
()

8,858

() 10,000

1,598

( )

456

(-)

<>
:

10,000

(1,598)
:

8,402

456

2)
<>

(A)

(B)

(C)

(D)

1,598

8,402

1,260

800

460

1,138

8,862

1,329

800

529

609

9,391

1,409

800

609

10,000

(A) = (D) 15%(,)

(B) = 10,000() 8%(,) = 800
(C) = (A) (B)
(D) = (D) + (C) =

<>
1 : ()

1,260 ()

(20x1.12.31)

2 : ()

1,329 ()

(20x2.12.31)

800
460
800
529

<>
1(20x1.12.31)
:

10,000

2(20x2.12.31)
10,000

(1,138) 8,862

(609) 9,391

456

456

3) (20x3.1.1)
()

5,000

() 305(60950%)
2,500(5500)

2,195
()

228(45650%)

()

228

<>
3(20x3.1.1)
:

5,000
(304)

4,696
228

4) (20x3.12.31)
: ()

704(4,69415%) ()

400(5,0008%)

304

<>
3()
:

5,000

: ()

228

5,000

()

5,000

(3)
1) :

() 10,000, 8%, 12%
0

800

800

800

1,200

1,200

400

400

1,200
400

= 400 3.3744( , 12%, 3) = 1,350

(, 11,350, 113.5% )
(12%-8%)3.3744
2)
() 15%, 10,000
0

2
800

3
800

800
10,000

1,350

= 10,000 0.6575( , 15%, 3) =

6,575

= 1,350 0.6575( , 15%, 3) = 888

= 800 2.2832( , 15%, 3) =
total ( )

1,827

9,290

( ) 9,290
10,000
10,000 9,290 = 710
(10,000+1,350) 9,290 = 2,060
8

3)
(20x1.1.1)
()

10,000

()

2,060

10,000
710

1,350

( )
<>
:

10,000

1,350

(2,060)

9,290

710

<>

(A)

(B)

(C)

(D)

X1.1.1

2,060

9,290

X1.12.31

1,394

800

594

1,466

9,884

X2.12.31

1,482

800

682

784

10,566

X3.12.31

1,584

800

784

11,350

(A) = (D) 15%(,)

(B) = 10,000() 8%(,) = 800
(C) = (A) (B)
(D) = (D) + (C) = +

<>
1 (20x1.12.31)
()

1,394

()

800

594

2 (20x2.12.31)
()

1,482

()

800

682

<>
20x1.12.31
:

20x2.12.31

10,000

10,000

1,350

1,350

(1,466) 9,884

(784)

710

10,566

710

(20x3.1.1)
()

5,000

()

675(1,35050%)

392(78450%)
2,783

()

2,500(5500)

355(71050%) ()

355

<>
20x3.1.1()
:

5,000
675

(392)

5,283

355

(20x3.12.31)
: () 792(5,28315%) ()

400(5,0008%)

392

<>
20x3.12.31()
:

5,000
675

: ()

5,675
355

5,000

()

5,675

675

10

3. (BW: bond with warrant)

_ stock warrant() :
_ stock rights() :
_ stock option() : ( )

1) = + (stock warrant)
()

()

=
()

()

2)

, ( )

,
( )

,
( )

3)
_
_ :

11

[]
1)
0

2
800

3
800

800

10,000

1,350

= 10,000 0.6575( , 15%, 3) =

6,575

= 1,350 0.6575( , 15%, 3) = 888

= 800 2.2832( , 15%, 3) =
total ( )

1,827

9,290

( ) 9,290
10,000
10,000 9,290 = 710
(10,000+1,350) 9,290 = 2,060

2)
(20x1.1.1)
()

10,000

2,060

()()

()

10,000
1,350

710

12


<>

(A)

(B)

(C)

(D)

X1.1.1

2,060

9,290

X1.12.31

1,394

800

594

1,466

9,884

X2.12.31

1,482

800

682

784

10,566

X3.12.31

1,584

800

784

11,350

<>
1 (20x1.12.31)
()

1,394

()

800

594

2 (20x2.12.31)
() 1,482

()

800

682

(20x3.1.1)
()

5,000

(*1)

()

675

2,500

(*2) 88

3,087

(*1) = 1,350(5,000/10,000) = 675

(*2) = 675 675/(1+0.15) = 88
, 784 696 = 88
<20x3.1.1 >
:
= 10,000/(1+0.15) =

8,696

= 800/(1+0.15) =

696

= 675/(1+0.15) =

587 9,979

= (10,000+675) 9,979 = 696

()

355(71050%) ()

355

13

 (20x3.12.31)
:
() 1,496(9,97915%) ()

800(10,0008%)

696

:
()

10,000

()

10,675

675

<>

20x1.1.1

2.x1.12.31

2.x2.12.31

2.x3.1.1()

10,000

10,000

10,000

10,000

1,350

1,350

1,350

675

(2,060)

(1,466)

(784)

(696)

9,290

9,884

10,566

9,979

710

710

710

355

14