Samsung C&T Audit

Samsung C&T Corporation
and Subsidiaries
Consolidated Interim Financial Statements
June 30, 2017 and 2016
Samsung C&T Corporation and Subsidiaries
Index
June 30, 2017 and 2016
Pages
Report on Review of Interim Financial Statements ………………………............................... 1 - 5
Consolidated Interim Financial Statements
Consolidated Interim Statements of Financial Position …………………………………………….. 6 - 8
Consolidated Interim Statements of Comprehensive Income....................................................... 9 - 10
Consolidated Interim Statements of Changes in Equity..............................…………................... 11 - 12
Consolidated Interim Statements of Cash Flows…………………………………………………….. 13 - 14
Notes to the Consolidated Interim Financial Statements....................................……....……....... 15 - 102

Report on Review of Interim Financial Statements
(English Translation of a Report Originally Issued in Korean)
To the Shareholders and Board of Directors of

Reviewed Financial Statements

We have reviewed the accompanying consolidated interim financial statements of Samsung C&T
Corporation (the Company) and its subsidiaries (collectively referred to as the “Group”). These
financial statements consist of the consolidated interim statement of financial position of the Group as
at June 30, 2017, and the related consolidated interim statements of comprehensive income for the
three-month and six-month periods ended June 30, 2017 and 2016, and consolidated interim
statements of changes in equity and cash flows for the six-month periods ended June 30, 2017 and
2016, and a summary of significant accounting policies and other explanatory notes, expressed in
Korean won.
Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these consolidated interim
financial statements in accordance with International Financial Reporting Standards as adopted by the
Republic of Korea (Korean IFRS) 1034 Interim Financial Reporting, and for such internal control as
management determines is necessary to enable the preparation of consolidated interim financial
statements that are free from material misstatement, whether due to fraud or error.
Auditor’s responsibility
Our responsibility is to issue a report on these consolidated interim financial statements based on our
review.
We conducted our review in accordance with quarterly or semi-annual review standards established
by the Securities and Futures Commission of the Republic of Korea. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and accounting
matters, and applying analytical and other review procedures. A review is substantially less in scope
than an audit conducted in accordance with Korean Standards on Auditing and consequently does not
enable us to obtain assurance that we would become aware of all significant matters that might be
identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe the accompanying
consolidated interim financial statements are not presented fairly, in all material respects, in
accordance with Korean IFRS 1034 Interim Financial Reporting.
Emphasis of Matters
Without qualifying our opinion, we draw attention to the following area of focus:
Auditor’s emphasis on area of focus on construction contracts 1
Area of focus on construction contracts in accordance with the Practical Guidance of Auditing
Standard 2016-1 are those matters that, in the auditor’s professional judgment and communication
with those charged with governance, were of most significance in the review of the consolidated
interim financial statements of the current period. These matters were addressed in the context of the
review of the financial statements as a whole, and the auditor does not provide a separate opinion on
these matters.
As described in the "Auditor’s responsibility", it is our responsibility to conduct our review in

accordance with quarterly or semi-annual review standards established by the Securities and Futures
Commission of the Republic of Korea and to issue a report based on our review. A review of the area
of focus on construction contract consists of making inquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review procedures.
- Uncertainty of the estimated total contract costs
As described in Note 2 to the consolidated interim financial statements, the Group recognizes contract
revenue and contract costs associated with the construction contract as revenue and expense
respectively based on the percentage of completion of the contract activity at the end of the reporting
period when the outcome of a construction contract can be estimated reliably. The percentage of
completion of the contract activity is the proportion of costs incurred to date divided by the estimated
total costs of the contract. Also, as described in Note 4 to the consolidated interim financial
statements, total contract costs are estimated based on future expectation of material costs, labor
costs, construction period and others.
In addition, Note 5 to the consolidated interim financial statements states that changes in the
estimated total contract costs by construction types for the six-month period ended June 30, 2017,
amount to \ 1,535,830 million, which is 104% of changes in the estimated total contract revenue. It
also states that impact on profit or loss for the current period and in the succeeding periods amounts
to \ (2,089) million and \ (56,390) million, respectively.
For a construction contract, it is probable that an unexpected change in the estimated total contract
costs may incur due to changes in market price of raw materials, construction delays caused by
natural disasters, changes in foreign currency exchange rates, and risks associated with developing a
new market and others. Considering the impact of an increase in uncertainty of estimating total
contract costs and changes in the estimates on the Group’s profit or loss for the period, we identified
the uncertainty of the estimated total contract costs as a significant risk.
1
This paragraph is being included in accordance with the “Practical Guidance of Auditing Standard 2016-1,
Practical Guidance for Special Consideration in Auditing Construction Contracts”, prescribed by Korean Institute
of Certified Public Accountants, and should not be considered as a communication of key audit matter described
in International Standards on Auditing 700 (Revised).
2
In respect of the uncertainty of the estimated total contract costs on the Group’s consolidated financial
statements, we have performed the following review procedures as at June 30, 2017.
 Made inquiries and performed analytical review procedures on how major components of the
estimated total contract costs has changed by reporting periods.
 Made inquiries and performed analytical review procedures on appropriateness of estimated
total contract cost component for each project.
 With regards to the projects where the estimated total contract costs has changed
significantly, made inquiries about reasons for the significant changes in the estimated total
contract costs.
 With regards to the projects where the ratio of estimated total contract costs to estimated
total contract revenue has a material change comparing to the ratio of final contract costs to
final total contract revenue, made inquiries about reasons for the difference.
- Measurement of percentage of completion
As described in Note 2 to the consolidated interim financial statements, the Group measures the
percentage of completion of the contract activity by the proportion of costs incurred to date, excluding
any contract cost that does not reflect the work performed, divided by the estimated total costs of the
contract.
For a construction contract, it is probable that costs that do not reflect the percentage of completion
and costs that are not chargeable to the customers may be incurred due to additional costs from
change of circumstances, delay in the customer’s progress payment, concentration of costs incurred
in certain periods and other reasons. There is a risk that the percentage of completion measured by
reference to the costs incurred and the actual construction progress may be significantly different;
therefore, we identified the Group’s measurement of percentage of completion as a significant risk.
We performed the following review procedures with regards to estimated total contract costs and
cumulative contract costs incurred, which affect the Group’s measurement of percentage of
completion.
 Made inquiries about reasons for quarterly changes in the percentage of completion.
 Made inquiries why contract costs have increased, and how they are expected to be.
 Made inquiries to determine the existence of costs that are not reflected in the percentage of
completion, and are excluded from both cumulative contract costs incurred and estimated
total contract costs. Made inquiries on how these costs have been accounted for, if any.
- Collectability of the gross amount due from customer for contract work
As described in Note 2 to the consolidated interim financial statements, the Group presents the gross
amount due from customer for contract work as an asset for all contracts in progress for which costs
incurred plus recognized profits (less recognized losses) exceed progress billings, and presents the
gross amount due to customers for contract work as a liability for all contracts in progress for which
progress billings exceed costs incurred plus recognized profits (less recognized losses).
3
In addition, Note 5 to the consolidated interim financial statements describes that the Group’s due
from customers for contract work as at June 30, 2017 amounts to \ 1,469,157 million, consisting 46%
of total trade receivables related to contract work. The amount of due from customers for contract
work is material to the Group, and the uncertainty in collectability has increased recently due to
delayed payment, change in terms of payment, claims, and others; therefore, we identified
collectability of the gross amount due from customers for contract work as a significant risk.
We have performed the following review procedures for the projects whose due from customers for
contract work have increased significantly for the six-month period ended June 30, 2017.
 Made inquiries about payment terms, conditions of liquidated damages, duration of contract
and other requirements.
 Made inquiries whether contractual due date of payment for the project has arrived, and
whether the customer is financially stable.
- Accounting treatment regarding variations in contract work
As described in Note 2 to the consolidated interim financial statements, the Group measures total
contract revenue based on the initial amount of revenue agreed in the contract. Change in contract
revenue due to variations in contract work, and other occasions is recognized when it is probable that
the customer will approve the increase in revenue due to the changes in contract work, or when it is
probable that the Group will be able to satisfy the performance requirements and the amount can be
estimated reliably.
However, the measurement of contract revenue is affected by a variety of uncertainties that depend
on the outcome of future event; for example, the amount of contract revenue may increase as a result
of variations in contract work, claims and inventive payments; on the other hand, the amount of
contract revenue may decrease as a result of penalties arising from delays caused by the Group in
the completion of the contract. These variations in contract work and liquidated damages may have
an impact on total contract revenue; therefore, we identified accounting treatment regarding variations
in contract work as a significant risk.
We performed the following review procedures in respect to the accounting treatment regarding
variations in contract work and its disclosure.
 Made inquiries about reason for significant change in total contract amount.
 Made inquiries about any projects that are probable in delay (or expected to be delayed)
which is likely to bear liquidated damages.
 Made inquiries on the Group’s accounting policies for estimation of liquidated damages due
to delay of completion.
 Made inquiries on possibilities of customer’s approval for change in total contract revenue
due to variations in contract work.
 Made inquiries about impact on estimated total contract costs and percentage of completion
caused by variations in contract work.
4
Other Matters
We have audited the consolidated statement of financial position of the Group as at December 31,
2016, and the related consolidated statements of comprehensive income, changes in equity and cash
flows for the year then ended, in accordance with Korean Standards on Auditing. We expressed an
unqualified opinion on those financial statements, not presented herein, in our audit report dated
March 16, 2017. The consolidated statement of financial position as at December 31, 2016, presented
herein for comparative purposes, is consistent, in all material respects, with the above audited
statement of financial position as at December 31, 2016.
The accompanying consolidated interim financial statements as at June 30, 2017 and December 31,
2016, and for the three-month and six-month periods ended June 30, 2017 and 2016, have been
translated into U.S. dollars solely for the convenience of the reader and have been translated on the
basis set forth in Note 3 to the consolidated interim financial statements.
Review standards and their application in practice vary among countries. The procedures and
practices used in the Republic of Korea to review such financial statements may differ from those
generally accepted and applied in other countries.
Seoul, Korea
August 14, 2017
This report is effective as at August 14, 2017, the review report date. Certain subsequent events or
circumstances, which may occur between the review report date and the time of reading this report,
could have a material impact on the accompanying consolidated interim financial statements and
notes thereto. Accordingly, the readers of the review report should understand that there is a
possibility that the above review report may have to be revised to reflect the impact of such
subsequent events or circumstances, if any.
5
Consolidated Interim Statements of Financial Position
June 30, 2017 and December 31, 2016
(in millions of Korean won and thousands of U.S. dollars (Note 3))
Notes June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016
(Unaudited) (Unaudited)
Assets
Current assets
Cash and cash equivalents 7 ￦ 2,587,962 ￦ 2,698,530 $ 2,270,939 $ 2,367,962
Short-term financial instruments 7 110,372 1,058,872 96,852 929,162
Available-for-sale financial assets 7,11 305 2,033 268 1,784
Trade receivables 7,8 4,673,859 5,383,853 4,101,315 4,724,336
Other current assets 7,8 2,908,483 2,881,915 2,552,196 2,528,882
Inventories 6 1,443,654 1,312,829 1,266,808 1,152,009
Total current assets 11,724,635 13,338,032 10,288,378 11,704,135
Assets held for sale 12 20,522 20,522 18,008 18,008
Non-current assets
Available-for-sale financial assets 7,11 21,727,760 17,497,196 19,066,128 15,353,805
Investments in associates
and joint ventures 12 5,852,700 5,699,709 5,135,749 5,001,500
Property, plant and equipment 13 4,904,530 5,281,209 4,303,729 4,634,265
Investment properties 14 672,535 116,281 590,150 102,037
Biological assets 15 2,385 2,505 2,093 2,198
Intangible assets 13 1,474,174 1,601,303 1,293,589 1,405,145
Deferred tax assets 57,016 52,815 50,033 46,345
Other non-current assets 7,8 743,014 848,943 651,995 744,948
Total non-current assets 35,434,114 31,099,961 31,093,466 27,290,243
Total assets ￦ 47,179,271 ￦ 44,458,515 $ 41,399,852 $ 39,012,386
6
Liabilities
Current liabilities
Trade payables 7 ￦ 1,723,468 ￦ 1,823,810 $ 1,512,345 $ 1,600,395
Short-term borrowings 7,16 2,168,211 1,865,815 1,902,607 1,637,255
Current portion of long-term borrowings 7,16 819,513 1,607,367 719,123 1,410,466
Current tax liabilities 35,253 51,527 30,935 45,216
Other current liabilities 5,7,10,18 8,783,703 9,356,429 7,707,708 8,210,273
Total current liabilities 13,530,148 14,704,948 11,872,718 12,903,605
Non-current liabilities
Debentures and long-term borrowings 7,16 3,116,362 3,657,278 2,734,610 3,209,264
Net defined benefit liability 17 135,077 100,687 118,530 88,353
Deferred tax liabilities 5,368,191 4,253,107 4,710,592 3,732,105
Provisions 5,18 297,138 278,292 260,740 244,202
Other non-current liabilities 7,10 294,913 358,492 258,786 314,577
Total non-current liabilities 9,211,681 8,647,856 8,083,258 7,588,501
Total liabilities 22,741,829 23,352,804 19,955,976 20,492,106
7
Equity
Share capital 20 19,132 19,132 16,788 16,788
Consolidated share premium 10,468,266 10,468,266 9,185,913 9,185,913
Other components of equity 21 5,738,163 2,584,211 5,035,243 2,267,648
Consolidated retained earnings 5,472,158 5,229,978 4,801,823 4,589,310
Equity attributable to owners
of the Parent Company 21,697,719 18,301,587 19,039,767 16,059,659
Non-controlling interests 1 2,739,723 2,804,124 2,404,109 2,460,621
Total equity 24,437,442 21,105,711 21,443,876 18,520,280
Total liabilities and equity ￦ 47,179,271 ￦ 44,458,515 $ 41,399,852 $ 39,012,386
The US dollar figures are provided for information purposes only and do not form part of the consolidated interim financial statements. Refer to Note 3.
The above consolidated interim statements of financial position should be read in conjunction with the accompanying notes.
8
Consolidated Interim Statements of Comprehensive Income
Three-Month and Six-Month Periods Ended June 30, 2017 and 2016
(in millions of Korean won and thousands of U.S. dollars, except earnings per share amounts (Note 3))
Notes 2017 (Unaudited) 2016 (Unaudited) 2017 (Unaudited) 2016 (Unaudited)
Three Six Three Six Three Six Three Six
months months months months months months months months
Net sales 32 \ 7,319,245 \14,021,546 \ 7,050,747 \13,537,786 $ 6,410,493 $ 12,280,643 $ 6,175,331 $ 11,856,945
Cost of sales 24 6,389,119 12,214,025 6,122,306 12,247,106 5,595,851 10,697,542 5,362,165 10,726,515
Gross profit 930,126 1,807,521 928,441 1,290,680 814,642 1,583,101 813,166 1,130,430
Selling and administrative
expenses 22,24 674,676 1,415,072 751,630 1,548,683 590,909 1,239,378 658,308 1,356,400
Operating profit (loss) 26,32 255,450 392,449 176,811 (258,003) 223,733 343,723 154,858 (225,970)
Other income 12,23 158,690 636,570 194,051 700,173 138,987 557,534 169,958 613,240
Other expenses 12,23 201,912 486,560 126,090 676,739 176,843 426,149 110,435 592,716
Financial income 27 27,674 118,126 54,470 120,170 24,238 103,460 47,707 105,249
Financial expenses 27 48,504 150,029 83,897 191,126 42,482 131,402 73,481 167,396
Share of profit of associates and
joint ventures 12 1,856 13,924 5,275 11,271 1,626 12,195 4,620 9,871
Share of loss of associates and
joint ventures 12 26,317 77,683 33,391 71,957 23,048 68,038 29,245 63,020
Profit (loss) before income tax 166,937 446,797 187,229 (366,211) 146,211 391,323 163,982 (320,742)
Income tax expenses 28 55,313 149,665 52,645 15,843 48,445 131,083 46,108 13,876
Profit (loss) for the period \ 111,624 \ 297,132 \ 134,584 \ (382,053) $ 97,766 $ 260,240 $ 117,874 $ (334,618)
9
Consolidated Interim Statements of Comprehensive Income
Three-Month and Six-Month Periods Ended June 30, 2017 and 2016
(in millions of Korean won and thousands of U.S. dollars, except earnings per share amounts (Note 3))
Notes 2017 (Unaudited) 2016 (Unaudited) 2017 (Unaudited) 2016 (Unaudited)
Three Six Three Six Three Six Three Six
months months months months months months months months
Other comprehensive income for
the period, net of tax
Items that may be subsequently
reclassified to profit or loss \ 2,256,190 \ 3,132,308 \ (305,211) \ (676,747) $ 1,976,063 $ 2,743,403 $ (267,316) $ (592,722)
Items that will not be reclassified to
profit or loss - 11 (1,730) (1,730) - 10 (1,515) (1,515)
2,256,190 3,132,319 (306,941) (678,477) 1,976,063 2,743,413 (268,831) (594,237)
Total comprehensive income
(loss) for the period \ 2,367,814 \ 3,429,451 \ (172,357) \(1,060,530) $ 2,073,829 $ 3,003,653 $ (150,957) $ (928,855)
Profit (loss) for the period
attributable to:
Owners of the Parent Company \ 121,032 \ 333,068 \ 154,968 \ (295,532) $ 106,006 $ 291,714 $ 135,727 $ (258,839)
Non-controlling interest 1 (9,408) (35,936) (20,384) (86,521) (8,240) (31,474) (17,853) (75,779)
Total comprehensive income
(loss) for the period
attributable to:
Owners of the Parent Company \ 2,370,290 \ 3,487,031 \ (157,863) \ (979,898) $ 2,075,998 $ 3,054,084 $ (138,262) $ (858,234)
Non-controlling interest (2,476) (57,580) (14,494) (80,632) (2,169) (50,431) (12,695) (70,621)
Earnings (loss) per share: 29

Basic earnings (loss) per share \ 734 \ 2,019 \ 915 \ (1,780) $ 0.64 $ 1.77 $ 0.80 $ (1.56)
The above consolidated interim statements of comprehensive income should be read in conjunction with the accompanying notes.
10
Consolidated Interim Statements of Changes in Equity
Six-Month Periods Ended June 30, 2017 and 2016
Consolidated Consolidated Other Non- Consolidated Consolidated Other Non-
Share share retained components controlling Share share retained components controlling
Notes capital premium earnings of equity interests Total capital premium earnings of equity interests Total
Balance at January 1, 2016 \ 19,132 \ 10,039,685 \ 5,210,896 \ 1,231,966 \ 1,812,257 \18,313,936 $ 16,788 $ 8,809,832 $ 4,572,566 $ 1,081,051 $ 1,590,257 $ 16,070,494
Total comprehensive income:
Loss for the period - - (295,532) - (86,521) (382,053) - - (259,330) - (75,923) (335,253)
Changes in the fair value of
available-for-sale financial
assets 11 - - - (689,799) - (689,799) - - - (605,300) - (605,300)
Share of other comprehensive
income of associates and joint
ventures - - - (34,132) 617 (33,515) - - - (29,951) 541 (29,410)
Exchange differences - - - 33,846 6,242 40,088 - - - 29,700 5,478 35,178
Cash flow hedge - - - 6,621 (142) 6,479 - - - 5,810 (124) 5,686
Remeasurements of the net
defined benefit liabilities - - (902) - (827) (1,729) - - (791) - (726) (1,517)
Transactions with owners:
Cash dividends - - (83,893) - (1,330) (85,223) - - (73,616) - (1,167) (74,783)
Acquisition of treasury shares - - - (20,940) - (20,940) - - - (18,375) - (18,375)
Acquisition of non-controlling
interests - 16,801 - - (32,945) (16,144) - 14,743 - - (28,909) (14,166)
Others (23) 414 (39) - 352 - (20) 363 (33) - 310
Balance at June 30, 2016
(Unaudited) \ 19,132 \ 10,056,463 \ 4,830,983 \ 527,523 \ 1,697,351 \17,131,452 $ 16,788 $ 8,824,555 $ 4,239,192 $ 462,902 $ 1,489,427 $ 15,032,864
11
Consolidated Interim Statements of Changes in Equity
Consolidated Consolidated Other Non- Consolidated Consolidated Other Non-
Share share retained components controlling Share share retained components controlling
Notes capital premium earnings of equity interests Total capital premium earnings of equity interests Total
Balance at January 1, 2017 \ 19,132 \ 10,468,266 \ 5,229,978 \ 2,584,211 \ 2,804,124 \21,105,711 $ 16,788 $ 9,185,913 $ 4,589,310 $ 2,267,648 $ 2,460,621 $ 18,520,280
Total comprehensive income:
Profit (loss) for the period - - 333,068 - (35,936) 297,132 - - 292,267 - (31,534) 260,733
Changes in the fair value of
available-for-sale financial
assets 11 - - - 3,212,011 - 3,212,011 - - - 2,818,542 - 2,818,542
Share of other comprehensive
income of associates and joint
ventures - - - (7,538) (2,535) (10,073) - - - (6,615) (2,224) (8,839)
Exchange differences - - - (49,299) (19,128) (68,427) - - - (43,260) (16,784) (60,044)
Cash flow hedge - - - (1,222) 19 (1,203) - - - (1,072) 16 (1,056)
Remeasurements of the net
defined benefit liabilities - - 11 - - 11 - - 10 - - 10
Transactions with owners:
Cash dividends - - (90,786) - (2,653) (93,439) - - (79,665) - (2,328) (81,993)
Changes in the scope of
consolidation - - - - (3,986) (3,986) - - - - (3,498) (3,498)
Others - - (113) - (182) (295) - - (99) - (160) (259)
Balance at June 30, 2017
(Unaudited) \ 19,132 \ 10,468,266 \ 5,472,158 \ 5,738,163 \ 2,739,723 \24,437,442 $ 16,788 $ 9,185,913 $ 4,801,823 $ 5,035,243 $ 2,404,109 $ 21,443,876
The above consolidated interim statements of changes in equity should be read in conjunction with the accompanying notes.
12
Consolidated Interim Statements of Cash flows
Six-month period ended June 30
Notes 2017 2016 2017 2016
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Cash flows from operating activities
Cash generated from operations 31 \ 491,476 \ 1,571,058 $ 431,271 $ 1,378,605
Interest received 91,035 41,398 79,883 36,327
Interest paid (101,345) (115,119) (88,930) (101,017)
Dividends received 300,250 258,854 263,470 227,145
Income taxes paid (146,848) (143,095) (128,859) (125,567)
Net cash inflow from operating activities 634,568 1,613,096 556,835 1,415,493
Cash flows from investing activities

Disposal of assets held for sale - 86,093 - 75,547
Net decrease in short-term financial instruments 948,288 - 832,124 -
Decrease in short-term loans - 739 - 649
Decrease in the current portion of long-term
receivables - 27,868 - 24,454
Disposal of available-for-sale financial assets 11 59,138 12,150 51,894 10,662
Disposal of investments in subsidiaries 208 - 183 -
Disposal of investments in associates and joint
ventures 12 153,794 137,342 134,954 120,517
Decrease in long-term receivables 3,543 - 3,108 -
Decrease in deposits 24,725 40,924 21,695 35,911
Disposal of property, plant and equipment 13 21,738 12,607 19,075 11,062
Disposal of intangible assets 13 6,349 240 5,571 210
Disposal of investment properties 14 527 587 462 515
Decrease in other non-current assets 38 212 36 186
Net increase in short-term financial instruments - (62,352) - (54,714)
Increase in short-term loans (69,077) - (60,616) -
Acquisition of available-for-sale financial assets 11 (1,555) (94,455) (1,365) (82,884)
Acquisition of investments in associates and
joint ventures 12 (248,695) (28,664) (218,230) (25,152)
Increase in overseas resources development - (66) - (58)
Increase in long-term receivables (118,390) (22,126) (103,887) (19,416)
Increase in deposits (18,610) (25,622) (16,330) (22,483)
Acquisition of property, plant and equipment 13 (333,245) (220,005) (292,423) (193,054)
Acquisition of intangible assets 13 (32,660) (40,826) (28,659) (35,825)
Increase in other non-current assets (2,879) (1,481) (2,526) (1,300)
Net cash inflow (outflow) from investing
activities 393,237 (176,835) 345,066 (155,173)
13
Consolidated Interim Statements of Cash flows
Six-month Period Ended June 30
Notes 2017 2016 2017 2016
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Cash flows from financing activities

Net increase in short-term borrowings 348,582 - 305,881 -
Proceeds from bonds issuance - 418,679 - 367,391
Increase in long-term borrowings 30,536 49,901 26,795 43,788
Increase in non-controlling interests by share
issuance - 2,450 - 2,150
Dividends paid (90,786) (83,893) (79,665) (73,616)
Net decrease in short-term borrowings - (93,856) - (82,359)
Repayment of current portion of long-term
borrowings (1,090,169) (317,832) (956,624) (278,898)
Early redemption of long-term borrowings (247,790) (196,402) (217,436) (172,343)
Acquisition of treasury shares - (675,526) - (592,774)
Acquisition of non-controlling interests - (16,144) - (14,166)
Dividends paid to the non-controlling interests (2,653) (1,330) (2,328) (1,167)
Net decrease in other components of equity (616) (87) (541) (77)
Net cash outflow from financing activities (1,052,896) (914,040) (923,918) (802,071)
Net increase (decrease) in cash and cash
equivalents (25,091) 522,221 (22,017) 458,249
Cash and cash equivalents at the beginning of
the period 2,698,530 2,066,404 2,367,962 1,813,272
Effects of exchange rate changes on cash and
cash equivalents (85,477) 25,263 (75,006) 22,168
Cash and cash equivalents at the end of the
period \ 2,587,962 \ 2,613,888 $ 2,270,939 $ 2,293,689
The US dollar figures are provided for information purposes only and do not form part of the
consolidated interim financial statements. Refer to Note 3.
The above consolidated interim statements of cash flows should be read in conjunction with the
accompanying notes.
14
Notes to the Consolidated Interim Financial Statements
June 30, 2017 and 2016 (Unaudited), and December 31, 2016
1. General Information
These consolidated financial statements are prepared in accordance with Korean IFRS 1110,
Consolidated Financial Statements. Samsung C&T Corporation (“the Company” or “the Parent
Company”) has 120 subsidiaries, including Samsung BioLogics Co., Ltd. (collectively referred to
as “the Group”) and 50 associates and joint ventures, including Samsung Bioepis Co., Ltd. that
are subject to the equity method of accounting.
1.1 The Company
The Company was established on December 23, 1963, for the purpose of engaging in tourist
facilities business, and its corporate headquarters are located in Olympic-ro, Songpa-gu, Seoul. The
Company primarily engages in tourist facilities, golf course services, construction, civil engineering,
plant building, housing, development business, technology services, landscaping, energy
conservation, environment development, fashion, retail business of various merchandise, and
project organizing businesses in global market.
The Company sold its building management business of the construction division to S-1 Corporation
on January 10, 2014. The Company, with the approval from the Board of Directors on June 19, 2014,
changed its company name from Samsung Everland Inc. to Cheil Industries Inc. on July 4, 2014,
and was listed on the stock market on December 18, 2014.
For the diversification of the business portfolio and enhancement of core competitiveness, the
Company, with the approval from the Board of Directors on May 26, 2015, and from the
shareholders on July 17, 2015, merged with Samsung C&T Corporation on September 1, 2015. The
Company newly issued 56,317,483 shares (54,690,043 shares of ordinary shares and 1,627,440
shares of preferred shares) as consideration of the acquisition, and the new shares were listed on
September 15, 2015.
Meanwhile, the Company changed its name from Cheil Industries Inc. to Samsung C&T Corporation
on September 2, 2015, as approved by the Board of Directors on May 26, 2015.
15
1.2 Subsidiaries
(a) General information of subsidiaries as at June 30, 2017, is as follows:
Number of shares Ownership

Share capital Number of interest held by
(in millions of outstanding the Group Ownership interest held by
Subsidiaries Primary business Korean won) shares Samsung C&T Subsidiaries Total (%) Location subsidiaries
Seoul Lakeside Co., Ltd. Golf course service ￦ 1,176 117,600 117,600 - 117,600 100.00 Korea
Samoo Architects & Engineers Architectural design
500 100,000 100,000 - 100,000 100.00 Korea
Co., Ltd. service
CVnet Corporation2 e-Business 3,200 6,400,000 2,569,155 - 2,569,155 40.14 Korea
Production of steel
Myodo Metal Co., Ltd. 3,811 1,080,000 1,080,000 - 1,080,000 100.00 Japan
products
Samsung C&T Japan
Trading 42,104 5,000,000 5,000,000 - 5,000,000 100.00 Japan
Corporation
Samsung C&T America, Inc. Trading 52,259 105 105 - 105 100.00 U.S.A.
Natural resources Samsung C&T America, Inc.
Samsung Oil & Gas USA Corp. 78,895 83,889 75,500 8,389 83,889 100.00 U.S.A.
development 10%
Samsung Renewable Energy, Renewable energy
22,867 2,000 2,000 - 2,000 100.00 Canada
Inc. development
Samsung Green Repower, Renewable energy Samsung C&T America, Inc.
2,863 - - - - 100.00 U.S.A.
LLC.1 development 100%
SCNT Power Norte S. de R.L. Thermal power
9,378 112,683,150 112,683,150 - 112,683,150 100.00 Mexico
de C.V. generation
Samsung E&C America, Inc. Construction 104 100,000 100,000 - 100,000 100.00 U.S.A.
Samsung Solar Construction, Renewable energy Samsung C&T America, Inc.
6 5,000 - 5,000 5,000 100.00 U.S.A.
Inc. development 100%
Production of steel Samsung C&T America, Inc.
QSSC, S.A, de C.V. 8,616 93,758,250 56,254,950 18,751,650 75,006,600 80.00 Mexico
products 20%
16

Samsung C&T Oil & Gas Natural resources

￦ 59,630 1 1 - 1 100.00 U.S.A.
Parallel Corp. development
Natural resources
Parallel Petroleum LLC.1 837,480 - - - - 51.00 U.S.A. PLL Holdings LLC. 61%
development
Renewable energy Samsung Renewable Energy,
SRE GRW EPC GP, Inc.1 8 - - - - 100.00 Canada
development Inc. 100%
Samsung Renewable Energy,
Renewable energy
SRE GRW EPC LP1 11 - - - - 100.00 Canada Inc. 99.99%,
development
SRE GRW EPC GP, Inc. 0.01%
SRE SKW EPC GP, Inc.1 8 - - - - 100.00 Canada
Renewable energy
SRE SKW EPC LP1 11 - - - - 100.00 Canada Inc. 99.99%,
development
SRE SKW EPC GP, Inc. 0.01%
Samsung C&T Canada Ltd. Construction - 1 1 - 1 100.00 Canada
Natural resources Samsung C&T Oil & Gas
PLL Holdings LLC.1 238,537 - - - - 83.61 U.S.A.
development Parallel Corp. 83.61%
Renewable energy Inc. 99.99%,
SRE GRW LP Holdings LP1 27,954 - - - - 100.00 Canada
development SRE Wind GP Holdings, Inc.
0.01%
SRE SKW LP Holdings LP1 10,775 - - - - 100.00 Canada
0.01%
SRE WIND PA GP Inc.1 8 - - - - 100.00 Canada
17


Renewable energy
SRE WIND PA LP1 ￦ 11 - - - - 100.00 Canada Inc. 99.99%,
development
SRE Wind PA GP Inc. 0.01%
Natural resources Samsung C&T Oil & Gas
PLL E&P LLC.1 34,733 - - - - 90.00 U.S.A.
development Parallel Corp. 90%
SRE GRS Holdings GP Inc.1 6 - - - - 100.00 Canada
SRE GRS Holdings LP1 3 - - - - 100.00 Canada
development SRE GRS Holdings GP Inc.
0.01%
SRE K2 EPC GP Inc.1 6 - - - - 100.00 Canada
Renewable energy
SRE K2 EPC LP1 - - - - - 100.00 Canada Inc. 99.99%,
development
SRE K2 EPC GP Inc. 0.01%
SRE KS Holdings GP Inc.1 2 - - - - 100.00 Canada
SRE KS Holdings LP1 515 - - - - 100.00 Canada
development SRE KS Holdings GP, Inc.
0.01%
SRE Belle River LP Holdings Renewable energy Inc. 99.99%,
32,706 - - - - 100.00 Canada
LP1 development SRE Belle River GP Holdings
Inc. 0.01%
SRE Armow EPC GP Inc.1 5 - - - - 100.00 Canada
18


1
SRE Armow EPC LP ￦ 9 - - - - 100.00 Canada
development SRE Armow EPC GP Inc.
0.01%
SRE Armow LP Holdings LP1 42,318 - - - - 100.00 Canada
0.01%
SRE North Kent 1 LP Holdings Renewable energy Inc. 99.99%,
19,873 - - - - 100.00 Canada
LP1 development SRE North Kent 1 GP Holdings
Inc. 0.01%
SRE Wind GP Holdings, Inc.1 124 - - - - 100.00 Canada
SRE North Kent 2 LP Holdings Renewable energy Inc. 99.99%,
200 - - - - 100.00 Canada
LP1 development SRE North Kent 2 GP Holdings
Inc. 0.01%
SRE Solar Development GP Renewable energy Samsung Renewable Energy,
4 - - - - 100.00 Canada
Inc.1 development Inc. 100%
SRE Solar Development LP1 277 - - - - 100.00 Canada
development SRE Solar Development GP
Inc. 0.01%
SRE Windsor Holdings GP Inc.1 9 - - - - 100.00 Canada
19


1
SRE Windsor Holdings LP ￦ 192 - - - - 100.00 Canada
development SRE Windsor Holdings GP Inc.
0.01%
SRE Southgate Holdings GP Renewable energy Samsung Renewable Energy,
9 - - - - 100.00 Canada
SRE Southgate Holdings LP1 7,727 - - - - 100.00 Canada
development SRE Southgate Holdings GP
Inc. 0.01%
SRE Solar Construction Renewable energy Samsung Renewable Energy,
4 - - - - 100.00 Canada
Management GP Inc.1 development Inc. 100%
SRE Solar Construction Renewable energy Inc. 99.99%,
9 - - - - 100.00 Canada
Management LP1 development SRE Solar Construction
Management GP Inc. 0.01%
SRE Development GP Inc.1 1 - - - - 100.00 Canada
SRE Development LP1 184 - - - - 100.00 Canada
development SRE Development GP Inc.
0.01%
SRE BRW EPC GP Inc.1 - - - - - 100.00 Canada
Renewable energy
SRE BRW EPC LP1 9 - - - - 100.00 Canada Inc. 99.99%,
development
SRE BRW EPC GP Inc. 0.01%
20

SRE North Kent 1 GP Holdings Renewable energy Samsung Renewable Energy,

￦ 16 - - - - 100.00 Canada
SRE North Kent 2 GP Holdings Renewable energy Samsung Renewable Energy,
4 - - - - 100.00 Canada
SRE Belle River GP Holdings Renewable energy Samsung Renewable Energy,
17 - - - - 100.00 Canada
1
SRE NK1 EPC GP Inc. - - - - - 100.00 Canada
Renewable energy
SRE NK1 EPC LP1 9 - - - - 100.00 Canada Inc. 99.99%,
development
SRE NK1 EPC GP Inc. 0.01%
SRE Summerside Construction Renewable energy Samsung Renewable Energy,
- - - - - 100.00 Canada
GP Inc.1 development Inc. 100%
SRE Summerside Construction Renewable energy Inc. 99.99%,
9 - - - - 100.00 Canada
LP1 development SRE Summerside Construction
GP Inc. 0.01%
Renewable energy Samsung C&T America, Inc.
Samsung Solar Energy LLC.1 2,564 - - - - 100.00 U.S.A.
development 100%
Renewable energy Samsung Solar Energy LLC.
Samsung Solar Energy 1 LLC.1 2,555 - - - - 100.00 U.S.A.
development 100%
Samsung C&T Deutschland
Trading 18,551 - - - - 100.00 Germany
GmbH1
United
Samsung C&T U.K. Ltd. Trading 59,415 27,950,000 27,950,000 - 27,950,000 100.00
Kingdom
United
Samsung C&T ECUK Limited Construction 57 33,000 33,000 - 33,000 100.00
Kingdom
21

Industrial plant United

Whessoe Engineering Limited ￦ - 138 138 - 138 100.00
engineering Kingdom
Production of Samsung C&T Deutschland
POSS-SLPC S.R.O.1 5,967 - - - - 70.00 Slovakia
steel products GmbH 20%
Renewable energy Samsung C&T Deutschland
Solluce Romania 1 B.V.1 33,517 - - - - 100.00 Netherlands
development GmbH 20%
Renewable energy
Ecosolar OOD 6,647 27,300,300 27,300,300 - 27,300,300 100.00 Bulgaria
development
Renewable energy
Ecoenergy Solar OOD 4,050 18,656,000 18,656,000 - 18,656,000 100.00 Bulgaria
development
Renewable energy
Agriplam EOOD 1,315 80,041 80,041 - 80,041 100.00 Bulgaria
development
Renewable energy
Fishtrade EOOD 3,260 79,959 79,959 - 79,959 100.00 Bulgaria
development
Renewable energy
Manageproject EOOD 2,274 749,042 749,042 - 749,042 100.00 Bulgaria
development
Renewable energy
Solar Park EOOD 3,514 384,002 384,002 - 384,002 100.00 Bulgaria
development
Renewable energy
Veselinovo Energy OOD 246 606,050 606,050 - 606,050 100.00 Bulgaria
development
Samsung C&T Construction
Construction 2 - - - - 100.00 Hungary
Hungary Kft.1
Samsung C&T (KL) Sdn. Bhd. Construction 3,870 1,000,000 1,000,000 - 1,000,000 100.00 Malaysia
Samsung C&T Malaysia Sdn.
Trading 6,002 15,000,000 15,000,000 - 15,000,000 100.00 Malaysia
Bhd.
Samsung C&T Singapore
Samsung Chemtech VINA1 Trading 3,554 - - - - 100.00 Vietnam
Pte. Ltd. 48.33%
22

Samsung C&T America, Inc.

1
24%,
S-Print Production of textile ￦ 2,245 - - - - 80.00 Vietnam
Samsung C&T Singapore
Pte. Ltd. 16%
Samsung C&T (Thailand) Co., Samsung C&T Hongkong
Trading 126 409,600 180,000 54,000 234,000 57.13 Thailand
Ltd. Limited 13.18%
Wholesale and retail of Samsung C&T Singapore
PT. Insam Batubara Energy 1,037 1,000,000 900,000 100,000 1,000,000 100.00 Indonesia
coal Pte. Ltd. 10%
Samsung C&T India Private Ltd. Construction 2,748 126,500,000 126,500,000 - 126,500,000 100.00 India
Trading 3,455 16,500,001 16,500,001 - 16,500,001 100.00 India
India Private Ltd.
Production of Samsung C&T Singapore
MSSC Sdn.,Bhd. 4,928 44,974 31,482 13,492 44,974 100.00 Malaysia
steel products Pte. Ltd. 30%
Samsung C&T Singapore Pte.
Trading 35,574 34,000,000 34,000,000 - 34,000,000 100.00 Singapore
Ltd.
Natural resources Samsung C&T Singapore
S&G Bio Fuel Pte. Ltd. 45,922 46,312,500 23,400,000 5,850,000 29,250,000 63.16 Singapore
development Pte. Ltd. 12.63%
Natural resources
PT Gandaerah Hendana 11,320 100,000,000 - 95,000,000 95,000,000 60.00 Indonesia S&G Bio Fuel Pte. Ltd. 95%
development
Natural resources
PT Inecda 11,320 100,000,000 - 95,000,000 95,000,000 60.00 Indonesia S&G Bio Fuel Pte. Ltd. 95%
development
SAMSUNG C&T Mongolia
Construction 1,215 - - - - 70.00 Mongolia
LLC.1
Samsung C&T Eng.&Const.
Construction 598 - - - - 100.00 Mongolia
Mongolia LLC.1
S&Woo Construction
Construction 239 9,400 3,760 - 3,760 40.00 Philippines
Philippines, Inc.2
23

SAMOO DESIGNERS &

Architectural design Samoo Architects &
ENGINEERS INDIA ￦ 192 1,100,000 - 1,100,000 1,100,000 100.00 India
service Engineers Co., Ltd. 100%
PRIVATE LIMITED
Samsung (Tianjin) International Samsung C&T Hongkong
Trading 382 - - - - 100.00 China
Trading Co., Ltd.1 Limited 100%
Samsung Trading (Shanghai) Samsung C&T Hongkong
Trading 498 - - - - 100.00 China
Co., Ltd.1 Limited 100%
Samsung C&T Hongkong
Trading 83,748 111,565 111,565 - 111,565 100.00 Hong Kong
Limited
Samsung C&T Taiwan Co., Ltd. Trading 361 1,000,000 1,000,000 - 1,000,000 100.00 Taiwan
Samsung Precision Stainless Production of Samsung C&T Hongkong
82,979 - - - - 100.00 China
Steel (Pinghu) Co., Ltd.1 steel products Limited 45%
Samsung C&T Co., Samsung C&T Hongkong
Trading 466 - - - - 100.00 China
(Guangzhou) Ltd.1 Limited 100%
Samsung C&T (Shanghai) Co.,
Construction 11,066 - - - - 100.00 China
Ltd.1
Samsung C&T (Xi'an) Co., Ltd.1 Construction 1,428 - - - - 100.00 China
Construction 2,658 - - - - 100.00 Saudi Arabia
Saudi Arabia1
SAM Gulf Investment Limited Investment 12 38,912 38,912 - 38,912 100.00 Bahrain
Samsung C&T Chile Copper Natural resources
12,918 11,535,517 11,535,517 - 11,535,517 100.00 Chile
SpA development
SCNT Power Kelar Inversiones Thermal power
42,705 100 100 - 100 100.00 Chile
LTDA. generation
Production of stainless Samsung C&T Deutschland
S.C. Otelinox S.A. 56,148 33,078,479 - 31,179,053 31,179,053 94.26 Romania
steel plates and poles GmbH 94.26%
24

Samsung Corporation Rus

Construction ￦ 6,303 - - - - 100.00 Russia
LLC.1
Biopharmaceutical
Samsung BioLogics Co., Ltd.3 165,413 66,165,000 28,742,466 - 28,742,466 43.44 Korea
products manufacturing
Manufacturing and
Cheil Fashion Retail Co., Ltd. 10,000 2,000,000 2,000,000 - 2,000,000 100.00 Korea
selling garments
Manufacturing and
Natural 9 Co., Ltd. 10,000 2,000,000 1,020,000 - 1,020,000 51.00 Korea
selling garments
Manufacturing and
Cheil Industries Corp., USA 106 1 1 - 1 100.00 U.S.A.
selling garments
1
Manufacturing and
Cheil Industries Italy S.R.L. 8,813 - - - - 100.00 Italy
selling garments
Colombo Via della Spiga Manufacturing and Cheil Industries Italy S.R.L.
144 - - - - 100.00 Italy
S.R.L.1 selling garments 100%
Samsung Fashion Trading Co., Manufacturing and
65,993 - - - - 100.00 China
Ltd.1 selling garments
Samsung Welstory Inc. Foodservice business 10,000 2,000,000 2,000,000 - 2,000,000 100.00 Korea
Cheil Industries Inc. Vietnam
Construction 1,143 - - - - 100.00 Vietnam
Co., Ltd.1
Welstory Vietnam Co., Ltd.1 Foodservice business 10,007 - - - - 90.00 Vietnam Samsung Welstory Inc. 90%
UEM Construction JV Sdn. Construction 205 750,000 450,000 - 450,000 60.00 Malaysia
Bhd.
Shanghai Ever Hongjun
Business Management Foodservice business 2,536 - - - - 85.00 China Samsung Welstory Inc. 85%
Service Co., Ltd.1
Shanghai Welstory Food
Foodservice business 4,861 - - - - 70.00 China Samsung Welstory Inc. 70%
Company Limited1
25

Eight Seconds (Shanghai) Co., Samsung Fashion Trading

Selling garments ￦ 19,434 - - - - 100.00 China
Ltd.1 Co., Ltd. 100%
Eight Seconds (Shanghai) Eight Seconds (Shanghai)
Selling garments 10,525 - - - - 100.00 China
Trading Co., Ltd.1 Co., Ltd. 100%
1 No share has been issued in accordance with the local laws and regulations.
2 The Group has de facto control to appoint or dismiss more than 50% of the members of board of directors although it has less than 50% ownership interest.
3 Since the Group holds significantly more voting rights than any other vote holder or organized group of vote holders, and the other shareholdings are widely
dispersed, the Group is deemed to have de facto control although it has less than 50% ownership interest.
26
(b) Summarized financial information of subsidiaries as at and for the six-month period ended June
30, 2017, is as follows:
(In millions of Korean won)

Profit Total
Total Total (loss) for comprehensive
Subsidiaries assets liabilities Revenue the period income (loss)
Seoul Lakeside Co., Ltd. \ 611,705 \ 304,281 \ 22,946 \ 2,590 \ 2,590

Samoo Architects & Engineers Co., Ltd. 105,531 60,647 94,060 12,148 12,234
CVnet Corporation 28,418 11,885 23,750 349 349
Myodo Metal Co., Ltd. 97,317 93,475 76,959 2,341 2,494
Samsung C&T Japan Corporation 188,365 123,998 518,035 2,371 1,202
Samsung C&T America, Inc. 509,354 290,893 419,083 6,582 (5,445)
Samsung Oil & Gas USA Corp. 85,384 35,910 9,375 2,994 (103)
Samsung Renewable Energy, Inc. 187,177 96,725 - (4,261) (2,259)
Samsung Green Repower, LLC. 9,075 50 - (1,225) (1,402)
SCNT Power Norte S. de R.L. de C.V. 49,891 40,237 - (332) (308)
Samsung E&C America, Inc. 36,055 22,161 56,373 2,669 1,985
Samsung Solar Construction, Inc. 34 - - (1) (3)
QSSC, S.A, de C.V. 85,752 74,423 62,673 432 (228)
Samsung C&T Oil & Gas Parallel Corp. 311,059 346,729 - (4,627) 10,327
Parallel Petroleum LLC. 658,444 45,390 34,786 8,126 (30,791)
SRE GRW EPC GP, Inc. 2 - - - -
SRE GRW EPC LP 49 - - - (1)
SRE SKW EPC GP, Inc. 1 - - - -
SRE SKW EPC LP 39 - - - (1)
Samsung C&T Canada Ltd. 117,817 162,158 75,755 (4,733) (4,064)
PLL Holdings LLC. 520,655 269,719 - (1,182) 14,405
SRE GRW LP Holdings LP 33,463 - - (47) (334)
SRE SKW LP Holdings LP 57,315 - - 16,983 15,761
SRE WIND PA GP Inc. 2 - - 1 1
SRE WIND PA LP 2,435 46 1,222 1,234 1,243
PLL E&P LLC. 17,480 3,685 1,507 227 (663)
SRE GRS Holdings GP Inc. 6 - - - -
SRE GRS Holdings LP 495 - - 125 121
SRE K2 EPC GP Inc. 2 - - - -
SRE K2 EPC LP 828 - - (43) (61)
SRE KS Holdings GP Inc. 3 - - - -
27

Profit Total
SRE KS Holdings LP \ 1,085 \ - \ - \ 301 \ 303

SRE Belle River LP Holdings LP 32,686 - - 168 73
SRE Armow EPC GP Inc. 2 - - - -
SRE Armow EPC LP 1,090 - - (161) (190)
SRE Armow LP Holdings LP 84,822 - - 14,364 14,195
SRE North Kent 1 LP Holdings LP 20,083 - - 40 218
SRE Wind GP Holdings, Inc. 115 3 - 2 1
SRE North Kent 2 LP Holdings LP 203 - - 2 2
SRE Solar Development GP Inc. 2 - - - -
SRE Solar Development LP 227 - - 1 (3)
SRE Windsor Holdings GP Inc. 7 - - - -
SRE Windsor Holdings LP 2,718 - - 869 1,058
SRE Southgate Holdings GP Inc. 5 - - - -
SRE Southgate Holdings LP 13,589 - - 20 443
SRE Solar Construction Management GP
Inc. 4 - - - -
SRE Solar Construction Management LP 1,279 - - (220) (256)
SRE Development GP Inc. - - - - -
SRE Development LP 122 - - - (2)
SRE BRW EPC GP Inc. - - - - -
SRE BRW EPC LP 19,896 14,566 3,383 3,396 3,444
SRE North Kent 1 GP Holdings Inc. 16 - - 1 1
SRE North Kent 2 GP Holdings Inc. 4 - - 1 1
SRE Belle River GP Holdings Inc. 17 - - 1 1
SRE NK1 EPC GP Inc. - - - - -
SRE NK1 EPC LP 8,295 6,898 1,353 1,354 1,388
SRE Summerside Construction GP Inc. - - - - -
SRE Summerside Construction LP 2,006 1,750 1,867 241 247
Samsung Solar Energy LLC. 2,565 - - (1) -
Samsung Solar Energy 1 LLC. 2,560 - - - 6
Samsung C&T Deutschland GmbH 446,881 201,846 318,171 25,978 30,989
Samsung C&T U.K. Ltd. 50,735 37,548 73,330 426 458
Samsung C&T ECUK Limited 117,758 168,941 72,460 (31,207) (32,236)
Whessoe Engineering Limited 9,295 13,322 6,360 (2,741) (2,830)
28

Profit Total
POSS-SLPC S.R.O. \ 28,948 \ 17,608 \ 31,489 \ 407 \ 734

Solluce Romania 1 B.V. 32,965 201 - (34) (40)
Ecosolar OOD 28,866 22,871 2,793 786 927
Ecoenergy Solar OOD 18,583 15,212 1,842 518 229
Agriplam EOOD 6,966 6,356 842 328 (96)
Fishtrade EOOD 8,151 6,370 852 305 331
Manageproject EOOD 8,020 6,228 832 243 1,287
Solar Park EOOD 3,700 3,181 429 140 (2,429)
Veselinovo Energy OOD 5,821 5,392 851 371 (378)
Samsung C&T Construction Hungary Kft. 2,006 161 - (2) 50
Samsung C&T (KL) Sdn. Bhd. 115,227 119,353 100,540 (24,637) (25,467)
Samsung C&T Malaysia Sdn. Bhd. 2,231 37 458 (6) (40)
Samsung Chemtech VINA 44,905 43,286 59,694 857 808
S-Print 10,617 13,945 10,043 212 423
Samsung C&T (Thailand) Co., Ltd. 23,086 17,011 33,254 1,376 1,387
PT. Insam Batubara Energy 19 2,073 - 202 338
Samsung C&T India Private Ltd. 107,705 115,319 82,927 1,410 1,518
Samsung C&T Corporation India Private
Ltd. 2,368 2,670 2,924 631 649
MSSC Sdn.,Bhd. 27,200 21,717 29,252 (1,047) (1,169)
Samsung C&T Singapore Pte. Ltd. 220,194 205,124 585,355 1,053 744
S&G Bio Fuel Pte. Ltd. 120,245 59,458 - 17,341 21,884
PT Gandaerah Hendana 22,309 29,695 20,024 4,893 3,845
PT Inecda 32,689 8,050 15,924 3,956 2,285
SAMSUNG C&T Mongolia LLC. 22,662 13,208 196 (314) (329)
Samsung C&T Eng.&Const. Mongolia LLC. 37,844 28,600 5,128 (3,054) (3,201)
S&Woo Construction Philippines, Inc. 10,802 11,823 6,834 (2,122) (2,179)
SAMOO DESIGNERS & ENGINEERS
INDIA PRIVATE LIMITED 194 - - - 2
Samsung (Tianjin) International Trading
Co., Ltd. 6,206 5 - 33 (168)
Samsung Trading (Shanghai) Co., Ltd. 49,884 27,768 71,638 1,592 936
Samsung C&T Hongkong Limited 222,788 87,559 1,073,473 12,238 7,642
Samsung C&T Taiwan Co., Ltd. 4,653 47 670 211 227
Samsung Precision Stainless Steel
(Pinghu) Co., Ltd. 78,018 10,968 32,574 3,555 1,517
29

Profit Total
Samsung C&T Co., (Guangzhou) Ltd. \ 708 \ 13 \ - \ 6 \ (414)

Samsung C&T (Shanghai) Co., Ltd. 93,743 49,711 21,094 4,420 3,166
Samsung C&T (Xi'an) Co., Ltd. 1,285 116 1,257 231 202
Samsung C&T Corporation Saudi Arabia 172,857 557,178 - (11,052) 11,459
SAM Gulf Investment Limited 12 62 - (4) (1)
Samsung C&T Chile Copper SpA 6,355 - - (4) (389)
SCNT Power Kelar Inversiones LTDA. 70,278 27,668 - (203) 233
S.C. Otelinox S.A. 57,714 6,323 22,881 1,134 2,178
Samsung Corporation Rus LLC. 90,892 53,953 46,376 24,506 23,263
Samsung BioLogics Co., Ltd. 7,751,079 3,251,318 170,865 (33,176) (33,176)
Cheil Fashion Retail Co., Ltd. 8,610 1,748 11,475 (1,365) (1,365)
Natural 9 Co., Ltd. 3,875 709 401 (1,143) (1,143)
Cheil Industries Corp., USA 528 43 888 9 (20)
Cheil Industries Italy S.R.L. 22,095 12,884 19,859 (114) (172)
Colombo Via della Spiga S.R.L. 5,479 1,432 3,736 215 333
Samsung Fashion Trading Co., Ltd. 174,348 134,907 57,796 3,565 3,059
Samsung Welstory Inc. 607,441 198,582 855,758 46,757 46,747
Cheil Industries Inc. Vietnam Co., Ltd. 7,067 4,127 4,267 (299) (492)
Welstory Vietnam Co., Ltd. 28,774 17,012 41,390 1,396 770
Samsung C&T Corporation UEM
Construction JV Sdn. Bhd. 67,774 69,037 28,541 (2,926) (3,012)
Shanghai Ever Hongjun Business
Management Service Co., Ltd. 11,687 8,419 26,014 415 325
Shanghai Welstory Food Company Limited 11,174 7,341 15,754 (395) (536)
Eight Seconds (Shanghai) Co., Ltd. 19,134 6,079 3,376 (949) (1,377)
Eight Seconds (Shanghai) Trading Co.,
Ltd. 10,439 5,774 2,482 (3,375) (3,375)
1 Intercompany transactions, balances, and unrealized gains and losses on transactions between
the Group companies are not eliminated in the summarized financial information above. Also,
shares in controlled subsidiaries and associates, accounted for under the equity method which the
controlled subsidiaries own, are recognized at acquisition cost.
30
1.3 Investments in Associates and Joint Ventures
General information of associates and joint ventures as at June 30, 2017, is as follows (Note 12):

Share capital Number of interest held
(in millions of outstanding Samsung by the Group
Associates Primary business Korean won) shares C&T Subsidiaries Total (%) Location
Dongducheon Dream Power Co., Integrated thermal power

￦ 330,658 66,131,621 20,600,000 - 20,600,000 31.15 Korea
Ltd. generation
Sino-Singapore Tianjin Eco-City
Investment and Development Co., Property development 48,274 - - - - 40.00 China
Ltd.1
Qurayyah Investment Company1 Construction 1,608 - - - - 35.00 Saudi Arabia
Songdo Landmark City Limited3 Property development 67,559 13,511,814 5,936,624 - 5,936,624 43.94 Korea
Chongqing Shanxia Technology Cotton thread
77,223 - - - - 20.00 China
Textile Co., Ltd.1 manufacturing
Research and development
Samsung Bioepis Co., Ltd.4 103,419 20,683,705 - 19,567,921 19,567,921 94.61 Korea
on medicine and pharmacy
31

Share capital Number of interest held
(in millions of outstanding Samsung by the Group
Joint ventures Primary business Korean won) shares C&T Subsidiaries Total (%) Location
Natural resources
Korea LNG Limited 14 12,000 2,400 - 2,400 20.00 Oman
development
Renewable energy
Southgate Solar LP1 6,472 - - - - 49.99 Canada
development
Renewable energy
SP Belle River LP1 64,734 - - - - 42.49 Canada
development
Internal combustion
JSC Balkhash Thermal Power Plant2 383,810 6,417,058 3,208,530 - 3,208,530 50.01 Kazakhstan
power plant
Renewable energy
LJG Green Source Energy Alpha development
29 - - - - 78.00 Romania
S.R.L.1,2 (Solar energy
generation)
1 No share has been issued in accordance with the local laws and regulations.
2 Excluded from the scope of consolidation as it is a joint venture under a contractual arrangement.
3 Songdo Landmark City Limited is classified as asset held for sale.
4 Although the Group holds 94.61% ownership interest of Samsung Bioepis Co., Ltd., it is classified as an associate since the Group is unable to secure enough
voting right set by the shareholders agreement to make a resolution at shareholders’ meeting considering the potential voting right held by non-controlling
interest (Note 19).
32
1.4 Changes in Scope for Consolidation
Subsidiaries newly included in the consolidation for the six-month period ended June 30, 2017:
Subsidiaries Description
SRE Summerside Construction GP Inc. Newly established

SRE Summerside Construction LP Newly established
Samsung Solar Energy LLC. Newly established
Samsung Solar Energy 1 LLC. Newly established
SAMOO DESIGNERS & ENGINEERS INDIA
Newly established
PRIVATE LIMITED
Subsidiaries excluded from the consolidation for the six-month period ended June 30, 2017:
Subsidiaries Description
Guang Dong Xingpu Steel Center Co., Ltd. Disposal

Samsung C&T do Brasil Construtora LTDA. Liquidation
1.5 Information about Non-Controlling Interest
Profit or loss allocated to non-controlling interests and accumulated non-controlling interests of

subsidiaries that are material to the Group, is as follows:
Accumulated non-controlling interests of subsidiaries as at June 30, 2017 and December 31, 2016,
are as follows:
(in millions of Korean won) June 30, 2017 December 31, 2016
Samsung BioLogics Co., Ltd. \ 2,427,326 \ 2,477,729

Others 312,397 326,395
. \ 2,739,723 \ 2,804,124
Profit or loss attributed to the non-controlling interests for the three-month and six-month periods
ended June 30, 2017 and 2016, is as follows:
(in millions of Korean won) 2017 2016

Three Three
months Six months months Six months
Samsung BioLogics Co., Ltd. \ (17,241) \ (47,867) \ (24,697) \ (56,447)

Others 7,833 11,931 4,313 (29,235)
\ (9,408) \ (35,936) \ (20,384) \ (85,682)
33
Dividends paid to the non-controlling interests for the six-month periods ended June 30, 2017 and
2016, are as follows:
Parallel Petroleum LLC. \ 1,559 \ -

Others 1,094 1,330
. \ 2,653 \ 1,330
Summarized financial information for each subsidiary with non-controlling interests that are material
to the Group as at June 30, 2017 and December 31, 2016, and for the six-month periods ended
June 30, 2017 and 2016, is as follows. The subsidiary’s financial information was prepared using
equity method for their associates and joint ventures.
Summarized Statement of Financial Position
(in millions of Korean won) Samsung BioLogics Co., Ltd.

June 30, December 31,
2017 2016
Current assets \ 685,968 \ 1,461,415

Non-current assets 6,730,317 6,395,883
Current liabilities 2,199,036 2,476,027
Non-current liabilities 925,564 1,000,563
Equity 4,291,685 4,380,708
Summarized Statement of Comprehensive Income

2017 2016
Three Three
months Six months months Six months
Sales \ 63,217 \ 170,865 \ 47,537 \ 136,206

Loss for the period (30,482) (84,631) (53,074) (117,923)
Other comprehensive income 1,182 (4,482) 10,817 9,557
Total comprehensive loss (29,300) (89,113) (42,257) (108,366)
34
Summarized Statement of Cash Flows

2017 2016
Cash flows from operating activities \ 21,123 \ (30,710)

Cash flows from investing activities 526,750 (92,999)
Cash flows from financing activities (367,100) 138,105
Increase in cash and cash equivalents 180,773 14,396
Cash and cash equivalents at the beginning of the
period 230,338 34,510
Effects of exchange rate changes on cash and
cash equivalents - 276
Cash and cash equivalents at the end of the period \ 411,111 \ 49,182
2. Significant Accounting Policies
The principal accounting policies applied in the preparation of these consolidated interim financial
statements are set out below. These policies have been consistently applied to all the periods
presented, unless otherwise stated.
2.1 Basis of Preparation
The Group maintains its accounting records in Korean won and prepares statutory financial
statements in the Korean language (Hangul) in accordance with International Financial Reporting
Standards as adopted by the Republic of Korea (Korean IFRS). The accompanying consolidated
interim financial statements have been restructured and translated into English from the Korean
language financial statements.
The Group’s consolidated interim financial statements for the six-month period ended June 30,
2017, have been prepared in accordance with Korean IFRS 1034 Interim Financial Reporting.
These consolidated interim financial statements have been prepared in accordance with Korean
IFRS which is effective or has been early adopted as at June 30, 2017.
(a) New and amended standards adopted by the Group
The Group has applied the following standards and amendments for the first time for their annual
reporting period commencing January 1, 2017.
- Amendments to Korean IFRS 1007 Statement of Cash Flows
Amendments to Korean IFRS 1007 Statement of Cash flows require to provide disclosures that
enable users of financial statements to evaluate changes in liabilities arising from financing activities,
including both changes arising from cash flows and non-cash flows.
35
- Amendments to Korean IFRS 1012 Income Tax
Amendments to Korean IFRS 1012 clarify how to account for deferred tax assets related to debt
instruments measured at fair value. Korean IFRS 1012 provides requirements on the recognition
and measurement of current or deferred tax liabilities or assets. The amendments issued clarify the
requirements on recognition of deferred tax assets for unrealized losses, to address diversity in
practice.
- Amendments to Korean IFRS 1112 Disclosures of Interests in Other Entities
Amendments to Korean IFRS 1112 clarify when an entity’s interest in a subsidiary, a joint venture or
an associate is classified as held for sales in accordance with Korean IFRS 1105, the entity is
required to disclose other information except for summarized financial information in accordance
with Korean IFRS 1112.
(b) New standards and interpretations not yet adopted by the Group
Certain new accounting standards and interpretations that have been published that are not
mandatory as at June 30, 2017 and have not been early adopted by the Group are set out below.
- Amendments to Korean IFRS 1028 Investments in Associates and Joint Ventures
When an investment in an associate or a joint venture is held by, or it held indirectly through, an
entity that is a venture capital organization, or a mutual fund, unit trust and similar entities including
investment-linked insurance funds, the entity may elect to measure that investment at fair value
through profit or loss in accordance with Korean IFRS 1109. The amendments clarify that an entity
shall make this election separately for each associate of joint venture, at initial recognition of the
associate or joint venture. The Group will apply these amendments retrospectively for annual
periods beginning on or after January 1, 2018, and early adoption is permitted. The Group does not
expect the amendments to have a significant impact on the consolidated financial statements
because the Group is not a venture capital organization.
- Amendments to Korean IFRS 1102 Share-based Payment
Amendments to Korean IFRS 1102 clarify accounting for a modification to the terms and conditions
of a share-based payment that changes the classification of the transaction from cash-settled to
equity-settled. Amendments also clarify that the measurement approach should treat the terms and
conditions of a cash-settled award in the same way as for an equity-settled award. The
amendments will be effective for annual periods beginning on or after January 1, 2018, with early
adoption permitted. The Group does not expect the amendments to have a significant impact on the
consolidated financial statements.
36
- Enactments to Interpretation 2122 Foreign Currency Transaction and Advance Consideration
According to these enactments, the date of the transaction for the purpose of determining the
exchange rate to use on initial recognition of the related asset, expense or income (or part of it) is
the date on which an entity initially recognizes the non-monetary asset or non-monetary liability
arising from the payment or receipt of advance consideration. If there are multiple payments or
receipts in advance, the entity shall determine a date of the transaction for each payment or receipt
of advance consideration. These enactments will be effective for annual periods beginning on or
after January 1, 2018, with early adoption permitted. The Group does not expect the enactments to
have a significant impact on the consolidated financial statements.
- Korean IFRS 1109 Financial Instruments
The new standard for financial instruments issued on September 25, 2015 are effective for annual
periods beginning on or after January 1, 2018 with early application permitted. This standard will
replace Korean IFRS 1039 Financial Instruments: Recognition and Measurement. The Group will
apply the standards for annual periods beginning on or after January 1, 2018.
The standard requires retrospective application with some exceptions. For example, an entity is not
required to restate prior period in relation to classification and measurement (including impairment)
of financial instruments. The standard requires prospective application of its hedge accounting
requirements for all hedging relationships except the accounting for time value of options and other
exceptions.
Korean IFRS 1109 Financial Instruments requires all financial assets to be classified and measured
on the basis of the entity’s business model for managing financial assets and the contractual cash
flow characteristics of the financial assets. A new impairment model, an expected credit loss model,
is introduced and any subsequent changes in expected credit losses will be recognized in profit or
loss. Also, hedge accounting rules amended to extend the hedging relationship, which consists only
of eligible hedging instruments and hedged items, qualifies for hedge accounting.
An effective implementation of Korean IFRS 1109 requires preparation processes including

financial impact assessment, accounting policy establishment, accounting system development and
the system stabilization. The impact on the Group’s financial statements due to the application of
the standard is dependent on judgements made in applying the standard, financial instruments held
by the Group and macroeconomic variables.
The Group is currently performing a preliminary assessment to identify the financial impacts of
applying Korean IFRS 1109. The assessment is performed based on retainable information as at
June 30, 2017. From May to August of 2017, the operating and other related departments of the
Group have been discussing, at each operating segment level, the expected impact of applying the
standard on the financial statements. The Group plans to perform further analysis based on the
additional information during August and September of 2017, and disclose the result of the analysis
in the notes to the financial statement as at September 30, 2017. However, the result of preliminary
assessment may change due to additional information that the Group may obtain in the future. In
addition, the Group neither prepared for internal management process nor began to adjust
37
accounting system for financial instruments reporting with the implementation of Korean IFRS 1109.
However, the Group is currently reviewing the plan for the adjustments.
a) Classification and Measurement of Financial Assets
When implementing Korean IFRS 1109, the classification of financial assets will be driven by the
Group’s business model for managing the financial assets and contractual terms of cash flow. The
following table shows the classification of financial assets measured subsequently at amortized cost,
at fair value through other comprehensive income and at fair value through profit or loss. If a hybrid
contract contains a host that is a financial asset, the classification of the hybrid contract shall be
determined for the entire contract without separating the embedded derivative.
Business model for the Solely represent payments of All other

contractual cash flows principal and interest
characteristics
Hold the financial asset for the

collection of the contractual Measured at amortized cost1
cash flows
Recognized at fair value through

Hold the financial asset for the profit or loss2
collection of the contractual
other comprehensive income1
cash flows and trading

Hold for trading
profit or loss
1 A designation at fair value through profit or loss is allowed only if such designation mitigates an
accounting mismatch (irrevocable).
2 Equity investments not held for trading can be recorded in other comprehensive income
(irrevocable).
With the implementation of Korean IFRS 1109, the criteria to classify the financial assets at
amortized cost or at fair value through other comprehensive income are more strictly applied than
the criteria applied with Korean IFRS 1039. Accordingly, the financial assets at fair value through
profit or loss may increase by implementing Korean IFRS 1109 and may result an extended
fluctuation in profit or loss.
As at June 30, 2017, the Group owns loan and receivables of \ 8,234,998 million, financial assets
available-for-sales of \ 21,728,065 million, financial assets at fair value through profit or loss of
\ 17,678 million, and derivatives for hedging of \ 3,715 million.
According to Korean IFRS 1109, a debt instrument is measured at amortized cost if: a) the objective
of the business model is to hold the financial asset for the collection of the contractual cash flows,
and b) the contractual cash flows under the instrument solely represent payments of principal and
interest. As at June 30, 2017, the Group measured loan and receivables of \ 8,234,998 million at
amortized costs.
38
According to Korean IFRS 1109, a debt instrument is measured at fair value through other
comprehensive income if the objective of the business model is achieved both by collecting
contractual cash flows and selling financial assets; and the contractual cash flows represents solely
payments of principal and interest on a specific date under contract terms. As at June 30, 2017, the
Group holds debt instruments of \ 830 million classified as financial assets available-for-sale.
According to Korean IFRS 1109, equity instruments that are not held for trading, the Group can
make an irrevocable election at initial recognition to classify the instruments as assets measured at
fair value through other comprehensive income, which all subsequent changes in fair value being
recognized in other comprehensive income and not recycled to profit or loss. As at June 30, 2017,
the Group holds equity instruments of \ 21,727,234 million classified as financial assets
available-for-sale.
According to Korean IFRS 1109, debt instruments those contractual cash flows do not represent
solely payments of principal and interest and held for trading, and equity instruments that are not
designated as instruments measured at fair value through other comprehensive income are
measured at fair value through profit or loss. As at June 30, 2017, the Group does not hold debt and
equity instruments classified as financial assets at fair value through profit or loss.
b) Classification and Measurement of Financial Liabilities
Korean IFRS 1109 requires the amount of the change in the liability’s fair value attributable to
changes in the credit risk to be recognized in other comprehensive income, unless this treatment of
the credit risk component creates or enlarges a measurement mismatch. Amounts presented in
other comprehensive income are not subsequently transferred to profit or loss.
Under Korean IFRS 1039, all financial liabilities designated at fair value through profit or loss
recognized their fair value movements in profit or loss. However, under Korean IFRS 1109, certain
fair value movements will be recognized in other comprehensive income and as a result profit or
loss from fair value movements may change. As at June 30, 2017, there are no financial liabilities
designated at fair value through profit or loss.
c) Impairment: Financial Assets and Contract Assets
The new impairment model requires the recognition of impairment provisions based on expected
credit losses (ECL) rather than only incurred credit losses as is the case under Korean IFRS 1039. It
applies to financial assets classified at amortized cost, debt instruments measured at fair value
through other comprehensive income, contract assets, lease receivables, loan commitments and
certain financial guarantee contracts.
Under Korean IFRS 1109 ‘expected loss’ model, a credit event (or impairment ‘trigger’) no longer
has to occur before credit losses are recognized. The Group will always recognize (at a minimum)
12-month expected credit losses in profit or loss. Lifetime expected losses will be recognized on
assets for which there is a significant increase in credit risk after initial recognition.
39
Stage1 Loss allowance

12-month expected credit losses (expected credit losses
No significant increase in credit that result from those default events on the financial
1
risk after initial recognition2 instrument that are possible within 12 months after the
reporting date)
Significant increase in credit risk
2
after initial recognition Lifetime expected credit losses (expected credit losses
that result from all possible default events over the life of
3 Credit-impaired the financial instrument)
1A loss allowance for lifetime expected credit losses is required for a financial instrument if the
credit risk on that financial instrument has increased significantly since initial recognition. It is also
required for contract assets or trade receivables that are not, according to Korean IFRS 1115
Revenue from Contracts with Customers, considered to contain a significant financing component.
Additionally, the Group can elect an accounting policy of recognizing lifetime expected credit losses
for all contract assets and/or all trade receivables, including those that contain a significant
financing component.
2 If the financial instrument has low credit risk at the end of the reporting period, the Group may
assume that the credit risk has not increased significantly since initial recognition.
Under Korean IFRS 1109, the asset that is credit-impaired at initial recognition would recognize all
changes in lifetime expected credit losses since the initial recognition as a loss allowance with any
changes recognized in profit or loss.
As at June 30, 2017, the Group does not own debt investments and lease receivables carried at fair
value through other comprehensive income, which classified as financial assets available-for-sales.
d) Hedge Accounting
Hedge accounting mechanics (fair value hedges, cash flow hedges and hedge of net investments in
a foreign operations) required by Korean IFRS 1039 remains unchanged in Korean IFRS 1109,
however, the new hedge accounting rules will align the accounting for hedging instruments more
closely with the Group’s risk management practices. As a general rule, more hedge relationships
might be eligible for hedge accounting, as the standard introduces a more principles-based
approach. Korean IFRS 1109 allows more hedging instruments and hedged items to qualify for
hedge accounting, and relaxes the hedge accounting requirement by removing two hedge
effectiveness tests that are a prospective test to ensure that the hedging relationship is expected to
be highly effective and a quantitative retrospective test (within range of 80-125 %) to ensure that the
hedging relationship has been highly effective throughout the reporting period.
With implementation of Korean IFRS 1109, volatility in profit or loss may be reduced as some items
that were not eligible as hedged items or hedging instruments under Korean IFRS 1039 are now
eligible under Korean IFRS 1109.
40
Furthermore, when the Group first applies Korean IFRS 1109, it may choose as its accounting
policy choice to continue to apply all of the hedge accounting requirements of Korean IFRS 1039
instead of the requirements of Korean IFRS 1109.
- Korean IFRS 1115 Revenue from Contracts with Customers
The Group will apply Korean IFRS 1115 Revenue from Contracts with Customers issued on
November 6, 2015 for annual reporting periods beginning on or after January 1, 2018. Earlier
adoption is permitted under Korean IFRS. This standard replaces Korean IFRS 1018 Revenue,
Korean IFRS 1011 Construction Contracts, Interpretation 2031 Revenue-Barter Transactions
Involving Advertising Services, Interpretation 2113 Customer Loyalty Programs, Interpretation 2115
Agreements for the Construction of Real Estate and Interpretation 2118 Transfers of assets from
customers.
The Group must apply Korean IFRS 1115 Revenue from Contracts with Customers within annual
reporting periods beginning on or after January 1, 2018, and will elect the modified retrospective
approach which will recognize the cumulative impact of initially applying the revenue standard as an
adjustment to retained earnings as at January 1 2018, the period of initial application.
The new standard is based on the principle that revenue is recognized when control of a good or
service transfers to a customer so the notion of control replaces the existing notion of risks and
rewards. A new five-step process must be applied before revenue from contract with customer can
be recognized:
 Identify contracts with customers
 Identify the separate performance obligation
 Determine the transaction price of the contract
 Allocate the transaction price to each of the separate performance obligations, and
 Recognize the revenue as each performance obligation is satisfied.
The Group is currently performing a preliminary assessment to identify the financial impacts of
applying Korean IFRS 1115. The assessment is performed based on retainable information as at
June 30, 2017. From May to August of 2017, the operating and other related departments of the
Group are discussing, at each operating segment level, the expected impact of applying the
standard on the financial statements. The Group plans to perform further analysis based on the
additional information during August and September of 2017, and disclose the result of the analysis
in the notes to the financial statement as at September 30, 2017. However, the result of preliminary
assessment may change due to additional information that the Group may obtain in the future. In
addition, the Group neither prepared for internal management process nor began to adjust
accounting system for financial instruments reporting with the implementation of Korean IFRS 1115.
However, the Group is currently reviewing the plan for the adjustments.
41
a) A bundle of goods or services
The timing of revenue recognition and the transaction price may change for export transactions.
b) Variable consideration
The timing of revenue recognition for some transactions where the amount of consideration is
dependent on the future performance is expected to change, since the standard requires to
recognize variable consideration as revenue only to the extent that it is highly probable that a
significant reversal in the amount of cumulative revenue recognized will not occur when the
uncertainty associated with the variable consideration is subsequently resolved. However, it is
expected that the impact on the consolidated financial statements is not material.
c) Measuring progress towards complete satisfaction of a performance obligation
For some construction contracts, such as EPC contracts, where the progress towards complete
satisfaction of a performance obligation is measured by reference to the costs incurred, but the
costs do not depict the performance in satisfying the performance obligation should be excluded
from the measurement of the progress towards complete satisfaction of a performance obligation.
d) Incremental costs of obtaining a contract
Capitalized contract costs that were originally expensed at the beginning of the relevant
construction, are expected to be amortized throughout the contract period based on the progress
towards complete satisfaction of a performance obligation.
e) Revenue recognition in the gross / net amount
Revenue from certain export and import transactions which is currently recognized in the gross
amount, are expected to be recognized in the net amount in accordance with the principal versus
agent guidance under the new standard. However, it is expected that the impact on the
consolidated financial statements is not material.
f) Refund liabilities
Total assets and total liabilities is expected to increase by recognizing the obligation for refund as a
liability and the right to reclaim goods as an asset with regards to the products expected to be
refunded.
42
2.2 Accounting Policies
Significant accounting policies and method of computation used in the preparation of the
consolidated interim financial statements are consistent with those of the consolidated financial
statements for the year ended December 31, 2016, except for the changes due to the application of
amendment and enactments of standards described in Note 2.1 and the one described below.
Income tax expense for the interim period is recognized based on management’s best estimate of
the weighted average annual income tax rate expected for the full financial year. The estimated
average annual tax rate is applied to the pre-tax income.
Significant accounting policies related to construction contracts are addressed below. The
accounting policies and method of computation applied in the preparation of the consolidated
interim financial statements are consistent with those applied in the preparation of the annual
consolidated financial statements for the year ended December 31, 2016.
(a) Construction contracts
A construction contract is defined by Korean IFRS 1011, Construction Contracts, as a contract

specifically negotiated for the construction of an asset.
When the outcome of a construction contract can be estimated reliably and it is probable that the
contract will be profitable, contract revenue is recognized over the period of the contract by
reference to the stage of completion. Contract costs are recognized as expenses based on the
percentage of completion of the contract activity at the end of the reporting period. When it is
probable that total contract costs will exceed total contract revenue, the expected loss on the
construction contract is immediately recognized as an expense.
When the outcome of a construction contract cannot be estimated reliably, contract revenue is
recognized only to the extent of contract costs incurred that are likely to be recoverable. Variations
in contract work, claims and incentive payments are included in contract revenue to the extent that
may have been agreed with the customer and are capable of being reliably measured. Contract
costs are recognized as an expense in the period in which they are incurred.
The Group uses the ‘percentage-of-completion method’ to determine the appropriate amount to
recognize in a given period. The percentage of completion is measured by reference to the contract
costs incurred up to the end of the reporting period as a percentage of total estimated costs for each
contract. Costs incurred during the year in connection with future activity on a contract are excluded
from contract costs in determining the stage of completion. These amounts are recognized as
inventory, advance payments or other assets.
On the statement of financial position, the Group reports the net contract position for each contract
as either an asset or a liability. A contract represents an asset where costs incurred plus recognized
profits (less recognized losses) exceed progress billings (due from customers for contract work); a
contract represents a liability where the opposite is the case (due to customers for contract work).
43
3. United States Dollar Amounts
The Company and its domestic subsidiaries operate primarily in Korean won and their official
accounting records are maintained in Korean won. The U.S. dollar amounts, provided herein,
represent supplementary information solely for the convenience of the reader. All Korean won
amounts, other than those in statements of comprehensive income, have been translated into U.S.
dollars at the exchange rate of \ 1,139.60 to US$ 1, while Korean won amounts in the statements
of comprehensive income have been translated into U.S. dollars at the exchange rate of \ 1,141.76
to US$ 1. Such presentation is not in accordance with generally accepted accounting principles in
either the Republic of Korea or the United States, and should not be construed as a representation
that the Korean won amounts shown could be readily converted, realized or settled in U.S. dollars at
this or any other rate.
4. Critical Accounting Estimates and Assumptions
The preparation of financial statements requires the Group to make estimates and assumptions
concerning the future. Estimates and judgements are continually evaluated and are based on
historical experience and other factors, including expectations of future events that are believed to
be reasonable under the circumstances. The resulting accounting estimates will, by definition,
seldom equal the related actual results.
Significant accounting estimates and assumptions applied in the preparation of these consolidated
interim financial statements are the same as those that applied to the consolidated financial
statements for the year ended December 31, 2016, except for the estimates used to determine
income tax expense.
Meanwhile, significant accounting estimates and assumptions related to construction contracts are
addressed below. The accounting estimates and assumptions, and method of computation applied
in the preparation of the consolidated interim financial statements are consistent with those applied
in the preparation of the annual consolidated financial statements for the year ended December 31,
2016.
(a) Uncertainty of the estimated total contract revenue
Total contract revenue is measured based on the initial amount of revenue agreed in the contract.
However, the measurement of contract revenue is affected by a variety of uncertainties that depend
on the outcome of future event; for example, the amount of contract revenue may increase as a
result of variations in contract work, claims and inventive payments, on the other hand, the amount
of contract revenue may decrease as a result of penalties arising from delays caused by the Group
in the completion of the contract. The change in contract revenue is recognized when it is probable
that the customer will approve the increase in revenue due to the changes in contract work, or when
it is probable that the Group will be able to satisfy the performance requirements, and the amount
can be estimated reliably.
44
(b) Uncertainty of the estimated total contract revenue due to construction delay
The measurement of contract revenue is affected by the uncertainty of the occurrence of future
events. The contract revenue can be decreased by the claims of liquidated damages when the
completion of contract is delayed due to the Group’s fault. Therefore, the damage claims for the
delay are estimated based on historical experience in case the completion date is expected to be
delayed.
(c) Uncertainty of the estimated total contract costs
Revenue from construction work is recognized by reference to the percentage of completion

method. The stage of completion of a contract is determined in the proportion that contract costs
incurred for work performed to date to the estimated total contract costs. Total contract costs are
estimated based on future expectation of material costs, labor costs, construction period and others.
45
5. Construction Contracts
Details of recognized construction profit or loss for construction contracts for the six-month periods ended
June 30, 2017 and 2016, are as follows:
Buildings \ 3,215,670 \ 2,952,967

Civil engineering 1,272,733 1,137,051
Plant 1,321,919 1,881,778
Landscaping 86,204 51,389
\ 5,896,526 \ 6,023,185
As at June 30, 2017, the Group’s remaining balance of construction contracts amounts to \ 27,820,980
million.
The Group provides the certificates of payment from financial institutions to the customers or
reserves certain amount for guarantees for bidding, performance, repayment of advance received
and warranty relating to the construction contracts mentioned above, which are presented in the
statement of financial position as guarantee deposits received. As at June 30, 2017, the Group has
reserves of \ 320,243 million relating to the constructions in progress.
As at June 30, 2017, the Group has accumulated revenues1 and costs1 on the ongoing construction
projects amounting to \ 31,377,444 million and \ 29,571,002 million, respectively. As at June 30,
2017, the total accumulated revenues and costs incurred on all construction projects, including
those completed during the current period, are \ 32,628,717 million and \ 30,728,707 million,
respectively.
1 The
accumulated revenues and costs include the accumulated revenues and costs of the former
Samsung C&T Corporation prior to the merger.
46
The account balances of outstanding construction contracts as at June 30, 2017 and December 31,
2016, are summarized as follows:
December
(in millions of Korean won) June 30, 2017 31, 2016
Civil
Buildings engineering Plant Landscaping Total Total
Receivables from construction

contracts \ 959,725 \ 414,376 \ 284,147 \ 67,296 \ 1,725,544 \ 2,515,582
Due from customer for
construction work 770,527 360,601 302,546 35,483 1,469,157 1,522,540
Advance payments 201,131 256,039 104,551 - 561,721 443,850
Prepaid expenses 279,473 8,147 1,791 234 289,645 280,707
Guarantee deposits 105,340 121,518 93,385 - 320,243 324,239
Long-term loans 243,851 - - 2,356 246,207 355,044
Short-term loans 114,188 - - - 114,188 152,880
Advances received 129,381 399,109 115,542 - 644,032 713,206
Due to customer for contract
work 1,168,149 441,118 247,429 1,341 1,858,037 2,061,994
The Group is provided with payment guarantees amounting to \ 10,482,781 million (December 31,
2016: \ 12,197,460 million), \ 1,608,803 million (December 31, 2016: \ 1,613,587 million),
\ 18,934 million (December 31, 2016: \ 8,941 million), and \ 19,447 million (December 31, 2016:
\ 27,897 million) from financial institutions, Construction Guarantee Cooperative, Software
Guarantee Cooperative, and Engineering Guarantee Cooperative, respectively, in relation to the
construction performance and others.
As at June 30, 2017, construction sites are covered by construction work insurance amounting to
\ 8,288,663 million with Samsung Fire & Marine Insurance Co., Ltd. and others.
The Group arranges housing finance for the members engaged in redevelopment and
reconstruction projects that the Group manages. Advances on housing finance temporarily received
but not executed amount to \ 930,321 million. The Group has provided a joint guarantee limit of
\ 3,417,800 million (balance of \ 3,281,110 million) with regard to the housing finance in
accordance with the agreements with the relevant financial institutions.
Meanwhile, payment guarantees provided by the Group for borrowings of the developer as at June
30, 2017, are as follows:
(in millions of Korean won)

Business Financial Maximum
location institution Amount amount Details Period Type
Acceptances for Oct. 30, 2015 Other PF
Seoul, Korea Banks and others \ 279,300 \ 279,300
debt ~ Nov. 3 2017 loans
47
As at June 30, 2017, information of each contract1 where contract revenue for the six-month period
ended June 30, 2017, is more than 5% of the previous year’s revenues, is as follows:

Trade receivables
(receivables from
Due from customers construction contracts)
Percentage Accumulated
Contract Contractual of Gross impairment Gross Provision for
date due date completion amount loss amount impairment
Saudi RABIGH 2 IPP2 Nov. 2013 Jun. 2017 93.1% \ - \ - \ 68,227 \ -

Turkey Kirikkale
CCPP2 Oct. 2014 Jun. 2017 86.4% - - 18,570 -
Pyeong-taek P-PJT May 2015 Aug. 2017 97.0% - - 282,953 -
Vietnam SDC
Module 3 May 2016 Dec. 2017 70.3% - - 47,868 -
Qatar FAC D IWPP May 2015 Jun. 2018 79.7% - - 22,960 -
Saudi Riyadh Metro Oct. 2013 Oct. 2018 55.7% - - 79,141 -
Garak Siyoung
Complex 1 Oct. 2015 Dec. 2018 34.3% - - - -
Australia Westconnex
Stage 1b (M4 East) Jun. 2015 Mar. 2019 41.2% - - 30,235 -
Singapore Changi
Airport Pkg.1 Oct. 2015 Jul. 2019 44.5% 20,245 - 17,623 -
Algeria Naama Feb. 2014 Feb. 2020 50.3% - - 18,578 -
Kazakhstan Balkhash Dec. 2014 Mar. 2020 3.6% 35,884 - 2,369 -
Stage2 (M5 Main
Tunnel) Nov. 2015 Mar. 2020 20.8% - - 22,682 -
UAE nuclear power
plant Mar. 2010 May 2020 84.6% 110,115 - 2,746 -
Algeria Mostaghanem Feb. 2014 Apr. 2021 20.0% 3,030 - 16,591 -
Gangneung Anin
coal-fired power plant Feb. 2014 Mar. 2022 2.2% 32,246 - 8,245 -
Singapore Thomson
East Coast Line T313 Mar. 2016 Feb. 2024 12.0% 19,568 - 4,857 -
India Mumbai DAICEC Dec. 2013 Sep. 2017 40.8% - - 42,656 -
Malaysia KL118 Tower Nov. 2015 Dec. 2019 9.0% 18,778 - 5,603 -
1 Construction projects that are practically completed as at June 30, 2017, are excluded.
2As at June 30, 2017, the contractual due dates have passed but the construction is still in process
due to the customer’s request for additional construction works. The Group is continuing the
negotiation with the customer in relation to the extension of contractual due date.
48
As at December 31, 2016, information of each contract1 where contract revenue for the year ended
December 31, 2016, is more than 5% of the previous year’s revenues, is as follows:

Trade receivables
(receivables from
Due from customers construction contracts)
Percentage Accumulated
Contract Contractual of Gross impairment Gross Provision for
date due date completion amount loss amount impairment
Australia RH
PROJECT Apr. 2013 Dec. 2015 100.0% \ - \ - \ 60,621 \ -
Hwasung A Feb. 2014 Jul. 2016 100.0% - - - -
SR-Project 2nd Aug. 2013 Oct. 2016 100.0% - - - -
Pyeong-taek P-PJT May 2015 Feb. 2017 95.0% - - 38,179 -
Saudi RABIGH 2 IPP Nov. 2013 Jun. 2017 89.6% 73,418 - - -
Turkey Kirikkale
CCPP Oct. 2014 Jun. 2017 80.6% - - - -
Algeria Mostaghanem Feb. 2014 Aug. 2017 14.8% 38,880 - 10,247 -
Algeria Naama Feb. 2014 Aug. 2017 35.3% 15,944 - 32,059 -
Vietnam SDC
Module 3 May 2016 Aug. 2017 44.5% 150,928 - 92,820 -
Qatar FAC D IWPP May 2015 Jun. 2018 63.1% - - - -
Qatar Doha Metro42 Jun. 2013 Jun. 2018 26.8% 31,482 27,191 7,676 -
Saudi Riyadh Metro Oct. 2013 Oct. 2018 47.1% 6,081 - 83,285 -
Garak Siyoung
Complex 1 Oct. 2015 Dec. 2018 19.3% - - - -
Stage 1b (M4 East) Jun. 2015 Mar. 2019 25.0% - - 14,771 -
Singapore Changi
Airport Pkg.1 Oct. 2015 Jul. 2019 24.1% 5,522 - 32,228 -
Kazakhstan Balkhash Dec. 2014 Mar. 2020 3.4% 34,895 - 2,429 -
Stage2 (M5 Main
Tunnel) Nov. 2015 Mar. 2020 9.3% - - 17,679 -
UAE nuclear power
plant Mar. 2010 May 2020 78.6% 144,250 - 100 -
Gangneung Anin
coal-fired power plant Feb. 2014 Mar. 2022 2.0% 28,709 - 3,800 -
Singapore Thomson
East Coast Line T313 Mar. 2016 Feb. 2024 3.1% 4,475 - - -
India Mumbai DAICEC Dec. 2013 Sep. 2017 32.8% - - 24,680 -
Malaysia KL118 Tower Nov. 2015 Dec. 2019 5.8% 27,324 - - -
1 Construction projects that are practically completed as at December 31, 2016, are excluded.
49
Details of major joint venture construction as at June 30, 2017, are as follows:
(in millions of Korean won) Total contract Amount of Percentage of

amount the Group ownership Representative company
UAE nuclear power plant \ 6,359,177 \ 2,861,630 45.00% Hyundai Engineering &
Construction Co., Ltd.
Saudi Riyadh Metro 8,875,955 2,499,824 28.16% FCC
Austrailia Westconnex Stage2 3,366,467 1,009,940 30.00% CPB
(M5 Main Tunnel)
Austrailia Westconnex Stage 2,314,125 771,298 33.33% CPB
1b (M4 East)
Singapore Changi Airport 856,090 599,263 70.00% Samsung C&T Corporation
Expansion Pkg.1
Shin-Kori nuclear power plant 1,097,686 559,820 51.00% Samsung C&T Corporation
#5, 6
Hong Kong Metro SCLC1109 869,513 521,708 60.00% Samsung C&T Corporation
Bujeon-Masan DoubleTrack 414,919 295,332 71.18% Samsung C&T Corporation
Electric Railway
Suseo-Pyeongtaek High-speed 298,509 268,658 90.00% Samsung C&T Corporation
Railway Area 5
Singapore TuasFinger1 792,100 221,788 28.00% Hyundai Engineering &
Construction Co., Ltd.
Malaysia KL118 Tower 1,474,660 884,796 60.00% Samsung C&T Corporation
Canada Site C 1,508,677 565,754 37.50% Acciona S.A.
United Kingdom Mersey 714,089 238,006 33.33% FCC, S.A & Petroserv L
Gateway
Saudi Tadawul Tower PJT 388,708 233,225 60.00% Samsung C&T Corporation
Changes in the estimated total contract revenue and estimated total contract costs by construction
types for contracts in progress for the six-month period ended June 30, 2017, and its impact on the
Group’s profit or loss for the period and in the succeeding periods, changes in balances of due from
customers for contract work, and provisions for construction losses are as follows:
Impact on
Changes in Changes in profit or loss Changes in
estimated estimated Impact on for the due from (to) Provision for
total contract total contract profit or loss succeeding customers for construction
Construction type revenue costs for the period period contract work losses
Buildings \ 1,309,264 \ 1,296,354 \ 35,663 \ (22,753) \ 35,663 \ 34,598
Civil engineering 182,140 280,034 (32,268) (65,626) (32,268) 37,772
Plant (14,294) (40,453) (5,982) 32,141 (5,982) 37,124
Landscaping 241 (105) 498 (152) 498 -
\ 1,477,351 \ 1,535,830 \ (2,089) \ (56,390) \ (2,089) \ 109,494
50
Uncertainty of the estimated total contract revenue due to construction delay
The measurement of contract revenue is affected by the uncertainty of the occurrence of future
events. The contract revenue can be decreased by the claims of liquidated damages when the
completion of contract is delayed due to the Group’s fault. Therefore, the damage claims for the
delay are estimated based on historical experience in case the completion date is expected to be
delayed. The Group strives to minimize damage claims by requesting extension of the completion
date from the customers, and by giving evidence that the construction delay is not attributable to the
Group. The Group will also undertake measures not to bear the damage claims from the delay.
For the six-month period ended June 30, 2017, changes in provision for estimated warranty costs
for the completed projects and provisions for construction losses from construction contracts are as
follows:
(in millions of Korean won) Beginning Increase Decrease Ending
Provision for construction

warranties \ 176,855 \ 17,591 \ (13,424) \ 181,022
Provision for construction losses 160,518 54,718 (105,742) 109,494
6. Inventories
Inventories as at June 30, 2017 and December 31, 2016, consist of the following:
June 30, 2017 December 31, 2016

(in millions of Korean won) Acquisition Valuation Book Acquisition Valuation Book
cost allowance amount cost allowance amount
Merchandise ￦ 532,416 ￦ (37,329) ￦ 495,087 ￦ 465,399 ￦ (43,346) ￦ 422,053

Finished good 409,462 (57,861) 351,601 434,629 (68,312) 366,317
Raw materials 184,533 (9,345) 175,188 184,238 (10,337) 173,901
Land held for housing projects 62,643 (612) 62,031 8,971 (612) 8,359
Materials-in-transit 216,712 - 216,712 220,280 - 220,280
Semi-finished goods and
work-in-progress 62,239 (824) 61,415 52,498 (2,426) 50,072
Others 82,324 (704) 81,620 71,847 - 71,847
￦ 1,550,329 ￦ (106,675) ￦ 1,443,654 ￦ 1,437,862 ￦ (125,033) ￦ 1,312,829
51
7. Financial Instruments by Category
Details of financial instruments by category as at June 30, 2017, are as follows:

Financial assets Derivative
at fair value instruments Available-for-
Loans and through profit for hedging sale financial
Financial assets receivables or loss activities assets Total
Cash and cash equivalents1 \ 2,587,962 \ - \ - \ - \ 2,587,962

Short-term financial
instruments 110,372 - - - 110,372
Trade receivables2 3,290,534 - - - 3,290,534
Other current assets 1,551,741 17,678 3,715 - 1,573,134
Available-for-sale financial
assets - - - 21,728,065 21,728,065
Other non-current assets3 694,389 - - - 694,389
\ 8,234,998 \ 17,678 \ 3,715 \ 21,728,065 \ 29,984,456
1 Cash and cash equivalents amounting to \ 909 million are subject to withdrawal restrictions in
relation to termination of Mongolian railroad project.
2 Due from customer for contract work amounting to \ 1,383,325 million is excluded.
3 Bank deposits amounting to \ 97 million are subject to withdrawal restrictions in relation to the
Group’s loan facility agreement.

Financial Derivative
liabilities at fair instruments Financial Other
value through for hedging liabilities at financial
Financial liabilities profit or loss activities amortized cost liabilities Total
Trade payables \ - \ - \ 1,723,468 \ - \ 1,723,468

Short-term borrowings - - 1,604,326 563,885 2,168,211
Current portion of long-term
debts - - 819,513 - 819,513
Other current liabilities 1,888,030 10,945 2,779,392 30,406 4,708,773
Debentures and long-term
borrowings - - 3,116,362 - 3,116,362
Other non-current liabilities - - 110,086 - 110,086
\ 1,888,030 \ 10,945 \ 10,153,147 \ 594,291 \ 12,646,413
52
Details of financial instruments by category as at December 31, 2016, are as follows:

Financial
assets Derivative
at fair value instruments Available-for-
Loans and through profit for hedging sale financial
Financial assets receivables or loss activities assets Total
Cash and cash equivalents1 \ 2,698,530 \ - \ - \ - \ 2,698,530

Short-term financial
instruments 1,058,872 - - - 1,058,872
Trade receivables2 3,934,795 - - - 3,934,795
Other current assets 1,651,154 32,879 9,404 - 1,693,437
Available-for-sale financial
assets - - - 17,499,229 17,499,229
Other non-current assets3 794,832 - - - 794,832
\ 10,138,183 \ 32,879 \ 9,404 \ 17,499,229 \ 27,679,695
1 Cash and cash equivalents amounting to \ 611 million are subject to withdrawal restrictions in
relation to termination of Mongolian railroad project.
2 Due from customer for contract work amounting to \ 1,449,058 million is excluded.
3 Bank deposits amounting to \ 98 million are subject to withdrawal restrictions in relation to the
Group’s loan facility agreement.

Financial Derivative
liabilities at fair instruments Financial Other
value through for hedging liabilities at financial
Financial liabilities profit or loss activities amortized cost liabilities Total
Trade payables \ - \ - \ 1,823,810 \ - \ 1,823,810

Short-term borrowings - - 1,451,566 414,249 1,865,815
Current portion of
long-term debts - - 1,607,367 - 1,607,367
Other current liabilities 1,895,471 12,294 2,854,781 34,967 4,797,513
Debentures and long-term
borrowings - - 3,657,278 - 3,657,278
Other non-current
liabilities - - 112,189 - 112,189
\ 1,895,471 \ 12,294 \ 11,506,991 \ 449,216 \ 13,863,972
Fair value of financial instruments is the same as book amount, except for those which do not have
market prices in active market and whose fair value cannot be reliably measured.
53
8. Trade Receivables and Other Assets
Trade receivables and other assets as at June 30, 2017 and December 31, 2016, are as follows:
Provision for
Gross amount impairment Net amount Net amount
Trade receivables
Financial instruments ￦ 3,383,326 ￦ (92,792) ￦ 3,290,534 ￦ 3,934,795
Due from customer for contract work 1,469,157 (85,832) 1,383,325 1,449,058
4,852,483 (178,624) 4,673,859 5,383,853
Other current assets
Financial instruments:
Short-term loans 250,400 (87,832) 162,568 149,353
Current portion of long-term
receivables (Note 9) 14,166 - 14,166 139,202
Non-trade receivables 731,710 (29,205) 702,505 706,125
Accrued income 235,143 (49,231) 185,912 204,153
Deposits 518,059 (10,077) 507,982 494,604
1,749,478 (176,345) 1,573,133 1,693,437
Advance payments 820,330 (25,184) 795,146 678,858
Prepaid expenses 439,606 (170,143) 269,463 272,216
Prepaid corporate income tax 228,402 - 228,402 185,759
Others 42,339 - 42,339 51,645
3,280,155 (371,672) 2,908,483 2,881,915
Other non-current assets
Long-term receivables (Note 9) 768,176 (265,265) 502,911 586,638
Long-term financial instruments 560 - 560 589
Deposits 181,321 (875) 180,446 197,133
Overseas natural resources
development 33,237 (22,765) 10,472 10,472
983,294 (288,905) 694,389 794,832
Others 48,625 - 48,625 54,111
1,031,919 (288,905) 743,014 848,943
￦ 9,164,557 ￦ (839,201) ￦ 8,325,356 ￦ 9,114,711
54
Provision for
Gross amount impairment Net amount Net amount
Third party receivables ￦ 8,504,645 ￦ (831,311) ￦ 7,673,334 ￦ 8,686,998

Related party receivables 659,912 (7,890) 652,022 427,713
￦ 9,164,557 ￦ (839,201) ￦ 8,325,356 ￦ 9,114,711
As at June 30, 2017, trade receivables amounting to ₩ 563,885 million (December 31, 2016: ₩
414,249 million), which were transferred to financial institutions but have not matured yet, are
recognized as trade receivables and collateralized borrowings, respectively, due to a recourse in
the event the debtor fails to pay (Note 16).
Changes in provision for impairment for the six-month period ended June 30, 2017, are as follows:
(in millions of Korean won) Impairment loss June 30,

January 1, 2017 (reversal) Write-off Others1 2017
Trade receivables ￦ 192,561 ￦ 8,619 ￦ (22,114) ￦ (442) ￦ 178,624

Short-term loans 87,827 6 - (1) 87,832
Non-trade receivables 30,788 445 (1,315) (713) 29,205
Accrued income 41,831 7,514 - (114) 49,231
Deposits 6,472 3,605 - - 10,077
166,918 11,570 (1,315) (828) 176,345
Advance payments 25,926 (647) - (95) 25,184
Prepaid expenses 159,555 10,588 - - 170,143
352,399 21,511 (1,315) (923) 371,672
Long-term receivables 285,735 (278) (20,000) (192) 265,265
Deposits 875 - - - 875
development 22,765 - - - 22,765
309,375 (278) (20,000) (192) 288,905
￦ 854,335 ￦ 29,852 ￦ (43,429) ￦ (1,557) ￦ 839,201
1
Others include exchange differences, consolidation adjustments and others.
55
Changes in provision for impairment for the six-month period ended June 30, 2016, are as follows:
January 1, Impairment loss June 30,

(in millions of Korean won) 2016 (reversal) Write-off Others1 2016
Trade receivables \ 133,095 \ 24,146 \ (880) \ (1,327) \ 155,034

Short-term loans 94,831 4,404 - (1) 99,234
Non-trade receivables 31,383 955 (169) 464 32,633
Accrued income 31,913 6,497 (610) (83) 37,717
Deposits 14,571 - - - 14,571
172,698 11,856 (779) 380 184,155
Advance payments 25,875 - - (10) 25,865
Prepaid expenses 167,145 (4,606) - - 162,539
365,718 7,250 (779) 370 372,559
Long-term receivables 300,312 (8,542) - (8) 291,762
Deposits 925 - - - 925
development 22,682 67 - - 22,749
323,919 (8,475) - (8) 315,436
\ 822,732 \ 22,921 \ (1,659) \ (965) \ 843,029
1
Others include exchange differences, consolidation adjustments and others.
Impairment losses from trade receivables and other receivables are included in selling and administrative
expenses, and other operating expenses, respectively, in the consolidated statement of comprehensive
income. Amounts charged to the provision account are generally written off when there is no expectation
of recovering additional cash.
As at June 30, 2017 and December 31, 2016, fair values of trade receivables, other current assets and
other non-current assets are equal to their book amount. The maximum exposure of trade and other
receivables to credit risk is the book amount of each class of receivables mentioned above.
56
9. Long-Term Receivables
Details of long-term receivables (including current portion) as at June 30, 2017 and December 31, 2016,
are as follows:
Loans for others ￦ 120,973 ￦ 27,093

Loans for redevelopment and reconstruction projects 394,670 548,505
Proceeds from disposal of shares1 - 142,129
Other long-term receivables 23,342 30,342
Less: Present value discount (21,908) (22,229)
517,077 725,840
Less: Current portion of long-term receivables (14,166) (139,202)
￦ 502,911 ￦ 586,638
1 During the six-month period ended June 30, 2017, the Group wholly collected the long-term receivables
related to the disposal of shares of Hanwha General Chemical Co., Ltd. (formerly Samsung General
Chemicals Co., Ltd.) and Hanwha Techwin Co., Ltd. (formerly Samsung Techwin Co., Ltd.)
57
10. Other Liabilities
Details of other liabilities as at June 30, 2017 and December 31, 2016, are as follows:
Other current liabilities

Non-trade payables ￦ 2,970,184 ￦ 2,762,892
Accrued expenses 825,118 1,108,303
Finance guarantee contract 30,406 34,967
Guarantee deposits received 883,065 891,351
4,708,773 4,797,513
Advances received 3,748,634 4,210,170
Withholdings 231,590 264,745
Provisions (Note 18) 51,792 55,909
Others 42,915 28,092
8,783,704 9,356,429
Other non-current liabilities
Long-term non-trade payables 109,536 111,621
Leasehold deposits received 550 568
110,086 112,189
Contingent liabilities 183,478 244,856
Long-term unearned revenue 1,349 1,447
294,913 358,492
￦ 9,078,617 ￦ 9,714,921
58
11. Available-for-sale Financial Assets
Changes in available-for-sale financial assets for the six-month periods ended June 30, 2017 and
Beginning balance ￦ 17,499,229 ￦ 15,976,708

Acquisition 1,555 94,455
Disposal and others (7,153) (11,329)
Impairment losses (2,301) (6,231)
Transfer - 3,576
Changes in the fair value 4,237,400 (899,901)
Exchange differences (665) (964)
Ending balance ￦ 21,728,065 ￦ 15,156,314
Current portion 305 16
Non-current portion 21,727,760 15,156,298
Details of available-for-sale financial assets as at June 30, 2017 and December 31, 2016, are as
follows:
(in millions of Korean won) Detail June 30, 2017 December 31, 2016
Listed equities (1) ￦ 21,366,202 ￦ 17,135,811

Non-listed equities (2) 361,033 360,531
Debt securities 830 2,887
￦ 21,728,065 ￦ 17,499,229
Current portion 305 2,033
Non-current portion 21,727,760 17,497,196
59
(1) Listed equities
Listed equities, including preferred shares, as at June 30, 2017 and December 31, 2016, consist of
the following:
December 31,
(in millions of Korean won) June 30, 2017 2016
Number of Percentage
shares of ownership Acquisition Market Book Book
owned (%) cost value amount amount
Samsung Electronics Co., Ltd. 5,976,362 4.00 ￦ 6,484,353 ￦ 14,205,812 ￦ 14,205,812 ￦ 10,769,404
Samsung Life Insurance Co., Ltd. 38,688,000 19.34 34,819 4,526,496 4,526,496 4,352,400
Samsung SDS Co., Ltd. 13,215,822 17.08 3,396,466 2,438,319 2,438,319 1,843,607
Samsung Heavy Industries Co.,
Ltd. and others 199,913 195,575 195,575 170,400
￦10,115,551 ￦ 21,366,202 ￦ 21,366,202 ￦ 17,135,811
Changes in the fair value of available-for-sale financial assets is recorded as accumulated other
comprehensive income for the amount, net of income tax.
60
(2) Non-listed equities
Non-listed equities as at June 30, 2017 and December 31, 2016, consist of the following:
December
(in millions of Korean won) June 30, 2017 31, 2016
Number of Percentage Fair value or
shares of ownership Acquisition Net asset Book Book
owned (%) cost value amount amount
Domestic Companies
HAN ALL Co., Ltd. 1,128,011 16.11 ￦ 11,280 ￦ 12,809 ￦ 12,809 ￦ 12,809
SECUI Co., Ltd. 1,000,000 8.70 500 13,594 13,594 13,594
The Korea Economic Daily1 1,187,563 6.35 7,095 10,369 7,656 7,656
Samsung Economics Research
Institute1 120,000 1.00 903 772 903 903
Oil Hub Korea and others1 52,832 61,267 50,453 51,951
72,610 98,811 85,415 86,913
Overseas Companies
Korea Ras laffan LNG Ltd. 2,783,333 10.00 80,279 96,499 96,499 96,499
iMarket Asia 772,657 19.32 8,941 18,967 18,967 18,967
Samsung SDI (Hongkong) Limited1 5,500,000 2.44 4,477 11,433 4,477 4,477
Posco India Delhi Steel Processing
Centre.PVT.LTD and others1 114,381 131,769 111,746 110,665
208,078 258,668 231,689 230,608
Equity Contribution
Korea Construction Financial
Cooperative 28,717 0.73 39,569 41,177 41,177 40,368
1
Others 2,676 3,644 2,752 2,642
42,245 44,821 43,929 43,010
￦ 322,933 ￦ 402,300 ￦ 361,033 ￦ 360,531
1Non-listed equities that do not have a quoted market price in an active market and whose fair
value cannot be reliably measured are measured at cost.
61
As at June 30, 2017 and December 31, 2016, the debt securities amounting to \ 830 million and
\ 2,887 million, respectively, are composed of convertible bonds, national and municipal bonds,
which have rates of return of 1.25% to 2.5% per annum.
As at June 30, 2017, the maximum amount exposed to credit risk, relating to available-for-sale
financial assets, is equal to the book amount.
Changes in the fair value of available-for-sale financial assets for the six-month period ended June
30, 2017, recorded as other component of equity, consist of the following:
(in millions of Korean won) Balance at Change for the Income tax Balance at
January 1, 2017 period allocated June 30, 2017
Gain (loss) on valuation of

available-for-sale financial assets ￦ 4,846,982 ￦ 4,237,400 ￦ (1,025,389) ￦ 8,058,993
62
12. Investments in Associates and Joint Ventures
Details of investments in associates and joint ventures as at June 30, 2017 and December 31, 2016,
are as follows (Note 1.3):
(in millions of Korean won) Percentage June 30, 2017 December 31, 2016
of ownership Acquisition Book Acquisition Book
Location (%) cost Net assets amount cost Net assets amount
Associates
Dongducheon Dream Power Co.,
Ltd.2 Korea 31.15 ￦ 81,191 ￦ 80,277 ￦ 55,127 ￦ 81,191 ￦ 79,024 ￦ 53,874
Investment and Development Co.,
Ltd. China 40.00 10,968 12,683 10,449 10,968 12,937 10,386
Songdo Landmark City Limited 3 Korea 43.94 20,522 20,522 20,522 20,522 20,522 20,522
KST POWER NORTE S.A. DE C.V. Mexico 34.00 6,229 21,234 19,929 6,229 19,509 18,157
Chongqing Shanxia Technology
Textile Co., Ltd. China 20.00 30,461 28,672 28,672 30,461 29,444 29,444
Samsung Bioepis Co., Ltd.4 Korea 94.61 5,208,482 501,888 4,925,570 5,008,482 357,053 4,780,772
Others 359,742 270,337 353,983 359,742 435,730 361,518
5,717,595 935,613 5,414,252 5,517,595 954,219 5,274,673
Joint ventures
Korea LNG Limited Oman 20.00 83,507 51,999 51,999 83,507 52,713 52,713
Southgate Solar LP Canada 49.99 5,924 2,587 1,287 13,141 9,382 7,976
SP Belle River LP Canada 42.49 26,243 27,932 25,690 26,243 28,291 27,504
Others 456,649 373,726 379,994 435,620 437,509 357,365
572,323 456,244 458,970 558,511 527,895 445,558
6,289,918 1,391,857 5,873,222 6,076,106 1,482,114 5,720,231
Less : Asset held for sale
Songdo Landmark City Limited3 Korea 43.94 (20,522) (20,522) (20,522) (20,522) (20,522) (20,522)
￦ 6,269,396 ￦ 1,371,335 ￦ 5,852,700 ￦ 6,055,584 ￦ 1,461,592 ￦ 5,699,709
1 The investments in associates and joint ventures are all non-listed.

2 As at June 30, 2017, investments in Dongducheon Dream Power Co., Ltd., (Acquisition cost:
\ 81,191 million), are pledged as collateral to a financial institution against the borrowings (total
borrowing limit of \ 1,285,000 million) of Dongducheon Dream Power Co., Ltd. (Note 30). In
addition, the Group provides fund supplement commitment on expected working capital deficit of
Dongducheon Dream Power Co., Ltd. up to \ 8,100 million.
3 The Group has entered into a contract to sell equity interests, receivables, and others of Songdo
Landmark City Limited to joint venture partners and classified the investee as asset held for sale.
4 Samsung Bioepis Co., Ltd. is included in associates although the percentage of ownership is 94.61%
since the Group holds no control considering the potential voting rights held by other entities (Note
19).
63
Changes in investments in associates and joint ventures for the six-month periods ended June 30,
2017 and 2016, are as follows:
Beginning balance \ 5,699,709 \ 5,642,058

Acquisition 248,695 28,664
Disposal and others (34,841) (18,442)
Share of profit (13,278) (8,695)
Others1 (47,585) (90,165)
Ending balance \ 5,852,700 \ 5,553,420
1 Others include dividends, transfer, exchange differences, and others.
64
Summarized financial information of major associates and joint ventures, including dividends received by the Group, as at and for the six-month period ended June
30, 2017, is as follows:
(in millions of Korean won) Summarized financial information

Total
Non- Profit (loss) Other comprehen-
Current Non-current Current Non-current controlling for the comprehensive income Dividends
assets assets liabilities liabilities interests Revenue period sive income (loss) received
Associates
Dongducheon Dream Power Co., Ltd. \ 124,085 \ 1,497,914 \ 348,366 \ 1,044,271 \ - \ 366,083 \ (13,809) \ - \ (13,809) \ -
Sino-Singapore Tianjin Eco-City Investment and
Development Co., Ltd. 33,663 2 1,957 - - - 383 - 383 -
Chongqing Shanxia Technology Textile Co., Ltd. 354,701 94,342 294,563 11,121 - 66,913 544 - 544 -
Samsung Bioepis Co., Ltd.1 566,813 601,114 607,591 29,830 - 121,500 (52,033) (4) (52,037) -
Joint ventures
Korea LNG Limited 897 259,186 7 79 - 20,639 19,602 11,287 30,889 3,848
Southgate Solar LP 13,605 143,883 9,046 143,269 - 5,602 326 1,625 1,951 -
SP Belle River LP 25,398 208,091 28,100 139,651 - - (35) 715 680 -
1 Based on consolidated financial information.
65
Summarized financial information of major associates and joint ventures, including dividends received by the Group, as at December 31, 2016 and for the six-month
period ended June 30, 2016, is as follows:
(in millions of Korean won) Summarized financial information

December 31, 2016 2016
Total
Non- Profit (loss) Other comprehen-
Current Non-current Current Non-current controlling for the comprehensive income Dividends
assets assets liabilities liabilities interests Revenue period sive income (loss) received
Associates
Dongducheon Dream Power Co., Ltd. \ 178,590 \ 1,505,413 \ 403,362 \ 1,054,858 \ - \ 392,544 \ (18,741) \ - \ (18,741) \ -
Sino-Singapore Tianjin Eco-City Investment and
Development Co., Ltd. 34,476 2 2,135 - - 9,191 416 - 416 -
Chongqing Shanxia Technology Textile Co., Ltd. 354,566 96,203 284,305 19,244 - 22,054 68 - 68 -
Samsung Bioepis Co., Ltd.1 437,924 570,868 540,272 85,876 - 87,100 (22,520) - (22,520) -
Joint ventures
Korea LNG Limited 20,442 262,828 19,650 54 - 19,301 18,687 - 18,687 1,327
Southgate Solar LP 15,341 141,158 27,829 109,906 - - (90) (2,659) (2,749) -
SP Belle River LP 20,897 122,071 73,915 2,470 - - 7 - 7 -
1 Based on consolidated financial information.
66
Reconciliation of financial information to book amount of the major investments in associates and
joint ventures as at June 30, 2017 and December 31, 2016, is as follows:
June 30, 2017

(in millions of Korean won) Difference
Percentage between the cost
of of the investment
ownership Share in and share in the Intergroup
Net assets (%) net assets investee’s equity transactions Book amount
Associates
Dongducheon Dream Power Co., Ltd.1 \ 229,362 31.15 \ 80,277 \ - \ (25,150) \ 55,127
Ltd. 31,708 40.00 12,683 - (2,234) 10,449
KST POWER NORTE S.A. DE C.V. 62,454 34.00 21,234 - (1,305) 19,929
Textile Co., Ltd. 143,359 20.00 28,672 - - 28,672
Samsung Bioepis Co., Ltd. 530,506 94.61 501,888 4,423,682 - 4,925,570
Joint ventures
Korea LNG Limited 259,997 20.00 51,999 - - 51,999
Southgate Solar LP 5,175 49.99 2,587 2,792 (4,092) 1,287
SP Belle River LP 65,738 42.49 27,932 - (2,242) 25,690
1 Since the disproportionate capital increase by the other investor was classified as financial
liabilities, the Group applied 35% of ownership interest when calculating share of profit or loss of the
associate.
67
December 31, 2016

(in millions of Korean won) Difference
Percentage between the cost
of of the investment
ownership Share in and share in the Intergroup
Net assets (%) net assets investee’s equity transactions Book amount
Associates
Dongducheon Dream Power Co., Ltd.1 \ 225,783 31.15 \ 79,024 \ - \ (25,150) \ 53,874
Ltd. 32,343 40.00 12,937 - (2,551) 10,386
KST POWER NORTE S.A. DE C.V. 57,378 34.00 19,509 - (1,352) 18,157
Textile Co., Ltd. 147,220 20.00 29,444 - - 29,444
Samsung Bioepis Co., Ltd. 382,644 93.31 357,053 4,423,719 - 4,780,772
Joint ventures
Korea LNG Limited 263,566 20.00 52,713 - - 52,713
Southgate Solar LP 18,764 49.99 9,384 2,792 (4,198) 7,978
SP Belle River LP 66,583 42.49 28,291 - (787) 27,504
1 Since the disproportionate capital increase by the other investor was classified as financial
liabilities, the Group applied 35% of ownership interest when calculating share of profit or loss of the
associate.
68
13. Property, Plant and Equipment, and Intangible Assets
Changes in property, plant and equipment for the six-month periods ended June 30, 2017 and 2016, are as follows:
(in millions of Korean won) 2017

Buildings and Animals& Construction in
Land structures plants Others progress Total
Beginning balance
Acquisition cost ￦ 2,232,229 ￦ 2,211,981 ￦ 72,042 ￦ 1,792,328 ￦ 287,496 ￦ 6,596,076
Accumulated impairment and depreciation - (575,226) (4,459) (731,932) - (1,311,617)
Beneficiary's share of construction cost - - - (3,250) - (3,250)
2,232,229 1,636,755 67,583 1,057,146 287,496 5,281,209
Changes during the period
Acquisition 7,540 4,578 693 33,886 310,159 356,856
Disposal (1,520) (5,860) (110) (25,252) (399) (33,141)
Depreciation - (33,078) (1,254) (100,500) - (134,832)
Transfer (384,528) (150,351) 16 54,012 (81,288) (562,139)
Impairment (7,349) - - - - (7,349)
1
Others 126 1,440 (1,806) 4,400 (234) 3,926
1,846,498 1,453,484 65,122 1,023,692 515,734 4,904,530
Ending balance
Acquisition cost 1,853,847 2,047,659 70,704 1,832,700 515,734 6,320,644
Accumulated impairment and depreciation (7,349) (594,175) (5,582) (805,892) - (1,412,998)
￦ 1,846,498 ￦ 1,453,484 ￦ 65,122 ￦ 1,023,692 ￦ 515,734 ￦ 4,904,530
1 Others include exchange differences, changes in scope of consolidation and others.
69

Buildings and Animals& Construction in
Land structures plants Others progress Total
Beginning balance
Acquisition cost ￦ 2,247,048 ￦ 2,090,638 ￦ 63,995 ￦ 1,131,765 ￦ 485,443 ￦ 6,018,889
Accumulated impairment and depreciation - (432,184) (2,116) (446,799) - (881,099)
2,247,048 1,658,454 61,879 681,458 485,443 5,134,282
Changes during the period
Acquisition 21,315 15,301 459 101,756 78,582 217,413
Disposal (1,748) (4,075) (44) (5,456) - (11,323)
Depreciation - (32,992) (1,297) (85,692) - (119,981)
Transfer 11,739 48,610 1,035 344,958 (416,671) (10,329)
1
Others (923) 6,186 4,007 4,502 (114) 13,658
2,277,431 1,691,484 66,039 1,041,526 147,240 5,223,720
Ending balance
Acquisition cost 2,277,431 2,236,362 69,450 1,706,699 147,240 6,437,182
Accumulated impairment and depreciation - (544,878) (3,411) (661,798) - (1,210,087)
￦ 2,277,431 ￦ 1,691,484 ￦ 66,039 ￦ 1,041,526 ￦ 147,240 ￦ 5,223,720
70
Changes in intangible assets for the six-month periods ended June 30, 2017 and 2016, are as follows:

Mineral Right to use Customer Orders on
rights Memberships Software property Goodwill relationships Brands hand Others Total
Beginning balance ￦ 543,519 ￦ 81,307 ￦ 118,837 ￦ 7,116 ￦ 60,758 ￦ 53,939 ￦ 189,553 ￦ 484,608 ￦ 61,666 ￦1,601,303
Acquisition 19,712 52 3,219 - - - - - 9,677 32,660
Disposal - (3,463) (11) (5) - - - - (600) (4,079)
Amortization (6,097) (6) (29,702) (574) - (2,744) (445) (51,902) (11,072) (102,542)
Transfer - - 5,482 - (285) - - - (4,293) 904
Others 1 (50,675) (219) (1,245) (45) (29) - - - (1,859) (54,072)
Ending balance ￦ 506,459 ￦ 77,671 ￦ 96,580 ￦ 6,492 ￦ 60,444 ￦ 51,195 ￦ 189,108 ￦ 432,706 ￦ 53,519 ￦1,474,174
71

Mineral Right to use Customer Orders on
rights Memberships Software property Goodwill relationships Brands hand Others Total
Beginning balance ￦ 594,057 ￦ 82,143 ￦ 143,204 ￦ 8,264 ￦ 61,524 ￦ 59,427 ￦ 190,940 ￦ 617,813 ￦ 82,800 ￦1,840,172
Acquisition 7,732 605 8,153 - - - - - 24,337 40,827
Disposal - (72) (23) (5) - - - - (102) (202)
Amortization (13,280) - (29,178) (576) - (2,744) (1,067) (73,952) (12,540) (133,337)
Impairment1 (90,200) - - - - - - - - (90,200)
Transfer 27,423 - 8,328 - - - - - (17,635) 18,116
2
Others (5,631) (975) 858 - (835) - 770 - (597) (6,410)
Ending balance ￦ 520,101 ￦ 81,701 ￦ 131,342 ￦ 7,683 ￦ 60,689 ￦ 56,683 ￦ 190,643 ￦ 543,861 ￦ 76,263 ￦1,668,966
1 The Group reduced its production plan for oil fields in the United States, considering the economic feasibility under the current market price, which resulted in
a decrease in the recoverable amount of mining rights. In this regards, the Group recorded impairment loss of \ 90,200 million in relation to mining rights of the
oil fields.
72
Goodwill is monitored by the management at the operating segment level. The following is a
summary of goodwill allocation for each operating segment (cash-generating unit or groups of
cash-generating units) as at June 30, 2017 and December 31, 2016:
Fashion segment: acquisition of fashion business

segment of Samsung SDI Co., Ltd. \ 56,262 \ 56,262
Others 4,182 4,496
\ 60,444 \ 60,758
The Group entered into a Collateral Trust Agreement with KB Real Estate Trust Co., Ltd., which the
Group provided its land and building located in Yongin-si, Gyeonggi-do as trust property.
Simultaneously, the Group pledged the primary beneficiary certificate of the trust property as
collateral to Woori Bank in relation to the short-term borrowings.
14. Investment Properties
Changes in investment properties for the six-month periods ended June 30, 2017 and 2016, are as
follows:
2017 2016
(in millions of Korean won) Land Building Total Land Building Total
Beginning balance ￦ 88,197 ￦ 28,084 ￦ 116,281 ￦ 95,239 ￦ 37,807 ￦ 133,046

Disposal - (527) (527) - (556) (556)
Depreciation - (1,501) (1,501) - (540) (540)
Transfer 384,528 174,616 559,144 - - -
1
Others - (862) (862) (2,967) (3,740) (6,707)
Ending balance ￦ 472,725 ￦ 199,810 ￦ 672,535 ￦ 92,272 ￦ 32,971 ￦ 125,243
1 Others include adjustments due to exchange difference.
As at June 30, 2017, the Group provided land and buildings, which are located in Seocho-gu, Seoul,
Republic of Korea, as collateral to Samsung Fire & Marine Insurance Co., Ltd. and Samsung Life
Insurance Co., Ltd. for establishment of the right to collateral security according to lease
agreements, with total secured amount of \ 31,037 million.
73
15. Biological Assets
Changes in biological assets for the six-month periods ended June 30, 2017 and 2016, are as
follows:
Beginning balance \ 2,505 \ 2,415

Exchange differences (120) 45
Ending balance \ 2,385 \ 2,460
16. Debentures and Borrowings
Details of debentures and borrowings as at June 30, 2017 and December 31, 2016, are as follows:
Current liabilities
Short-term borrowings \ 2,168,211 \ 1,865,815
Current portion of long-term borrowings 169,788 367,824
Current portion of debentures 650,000 1,240,000
Less: Discount on debentures (275) (457)
2,987,724 3,473,182
Non-current liabilities
Long-term borrowings 1,040,038 1,282,092
Debentures 2,080,000 2,380,000
Less: Discount on debentures (3,676) (4,815)
3,116,362 3,657,277
\ 6,104,086 \ 7,130,459
74
Short-term borrowings as at June 30, 2017 and December 31, 2016, consist of the following:
(in millions of Korean won) Annual interest June 30, December 31,
Creditors rate (%) 2017 2016
Samsung C&T and domestic subsidiaries

Loans in local currency 1 Woori Bank and others 1.40 - 2.50 \ 669,223 \ 494,223
Loans in foreign currency SMBC and others 1.65 - 9.90 154,436 147,452
Banker’s usance Woori Bank and others L+0.4 - 1.60 46,321 73,622
Secured loans (Note 8) Woori Bank and others L+0.4 - 1.95 561,595 411,425
1,431,575 1,126,722
Foreign subsidiaries
General loans Citibank and others 0.87 - 1.37 734,346 736,269
Secured loans (Note 8) BTMU and others - 2,290 2,824
736,636 739,093
\ 2,168,211 \ 1,865,815
1In relation to the borrowings, the land and building of the Group are provided as collateral to Woori
Bank. (Note 13).
As at June 30, 2017, the Group has bank overdraft facility agreements amounting to ₩ 158,500
million and credit facility agreements amounting to ₩ 718,000 million with ten banks, including
Woori Bank. Also, the Group has entered into credit agreements using its notes receivables which
are guaranteed, as collateral for up to ₩ 154,000 million with three banks, including Shinhan Bank.
75
Debentures as at June 30, 2017 and December 31, 2016, consist of the following:

Annual
interest December 31,
Issue date Maturity rate (%) June 30, 2017 2016
Non-guaranteed and
publicly listed
No. 99-2 Feb. 3, 2012 Feb. 3, 2017 - \ - \ 280,000
No. 100-2 Nov. 22, 2012 Nov. 22, 2017 3.31 200,000 200,000
No. 101-2 Mar. 8, 2013 Mar. 8, 2018 3.17 150,000 150,000
No. 102-1 July 23, 2013 July 22, 2018 3.64 50,000 50,000
No. 102-2 July 23, 2013 July 23, 2018 3.64 50,000 50,000
No. 103-2 Sep. 5, 2013 Sep. 5, 2018 3.71 120,000 120,000
No. 104-1 Mar. 7, 2014 Mar. 7, 2017 - - 250,000
No. 104-2 Mar. 7, 2014 Mar. 7, 2019 3.59 150,000 150,000
No. 105-1 Oct. 6, 2014 Oct. 6, 2017 2.43 100,000 100,000
No. 105-2 Oct. 6, 2014 Oct. 6, 2019 2.69 150,000 150,000
No. 106-2 1 Apr. 25, 2013 Apr. 25, 2018 2.90 150,000 150,000
No. 107-2 1 Aug. 29, 2013 Aug. 29, 2018 3.52 350,000 350,000
No. 108-1 1 Apr. 3, 2014 Apr. 3, 2017 - - 240,000
No. 108-2 1 Apr. 3, 2014 Apr. 3, 2019 3.41 260,000 260,000
No. 109-1 Dec. 1, 2015 Dec. 1, 2018 2.24 100,000 100,000
No. 109-2 Dec. 1, 2015 Dec. 1, 2020 2.50 100,000 100,000
No. 110-1 Jun. 16, 2016 Jun. 16, 2019 1.74 200,000 200,000
No. 110-2 Jun. 16, 2016 Jun. 16, 2021 1.89 100,000 100,000
No. 111-1 Nov. 3, 2016 Nov. 3, 2019 1.99 210,000 210,000
No. 111-2 Nov. 3, 2016 Nov. 3, 2021 2.19 190,000 190,000
Private bonds Oct. 24, 2014 Oct. 24, 2019 3.48 50,000 50,000
Private bonds Jan. 28, 2016 Jan. 28, 2017 - - 40,000
Private bonds Mar.31, 2016 Mar.31, 2017 - - 80,000
Private bonds Aug.12, 2016 Aug.12, 2017 2.00 50,000 50,000
2,730,000 3,620,000
Less: Current portion of
debentures (650,000) (1,240,000)
\ 2,080,000 \ 2,380,000
1 Publicly listed debentures of former Cheil Industries Inc. (numbered from No. 42 to No. 44) were
renamed as publicly listed debentures of Samsung C&T Corporation, numbered from No. 106 to
No. 108, due to business combination and change of the Company’s name.
76
Long-term borrowings (including foreign currency) as at June 30, 2017 and December 31, 2016,
consist of the following:

Annual interest June 30, December 31,
Creditors rate (%) 2017 2016
Denominated in Korean won

KEB Hana Bank and others
- \ - \ 22,701
(Energy facility loans)
Korea Development Bank and others
2.86 - 4.00 340,800 490,800
(Facility loans)
Korea Housing & Urban Guarantee Corporation
- 7,814 7,815
(Working capital loans)
Shinhan Bank and others (Long-term commercial
1.94 - 1.97 300,000 300,000
paper)
648,614 821,316
Less: Current portion of long-term borrowings (50,278) (150,278)
598,336 671,038
Denominated in foreign currency

Korea National Oil Corporation
0.75 - 5.00 35,903 37,236
(Condition loans)
Mizuho Corporate Bank
Libor + 0.80 113,098 119,936
(General borrowings)
SMBC
Libor + 0.70 174,359 329,921
The Export-Import Bank of Korea and others
Libor + 1.50 26,789 132,339
(Facility loans)
Foreign subsidiaries
SC Bank and others
0.80 - 4.45 211,063 209,168
561,212 828,600
Less: Current portion of long-term borrowings (119,510) (217,546)
441,702 611,054
\ 1,040,038 \ 1,282,092
77
The annual maturities of long-term debts outstanding (excluding current portion) as at June 30,
(in millions of Korean won) Borrowings in

Debentures Borrowings in foreign
(Face value) Korean Won currencies Total
July 1, 2018 ~ June 30, 2019 \ 1,280,000 \ 354,129 \ 293,159 \ 1,927,288

July 1, 2019 ~ June 30, 2020 410,000 220,679 51,716 682,395
July 1, 2020 ~ June 30, 2021 200,000 16,829 7,686 224,515
After July 1, 2021 190,000 6,699 89,141 285,840
\ 2,080,000 \ 598,336 \ 441,702 \ 3,120,038
Long-term borrowings and debentures by currencies as at June 30, 2017 and December 31, 2016,
are as follows:
(in millions of Korean won) Long-term borrowings Debentures

June 30, December 31, June 30, December 31,
2017 2016 2017 2016
US Dollars \ 351,778 \ 547,803 \ - \ -

Korean Won 598,336 671,037 2,076,324 2,375,185
Japanese Yen 7,020 7,715 - -
Others 82,904 55,537 - -
\ 1,040,038 \ 1,282,092 \ 2,076,324 \ 2,375,185
78
17. Net Defined Benefit Liabilities
Details of net defined benefit liabilities as at June 30, 2017 and December 31, 2016, are as follows:
Defined benefit obligation \ 730,499 \ 715,702

Less: Plan assets (594,579) (614,100)
Less: Contribution to National Pension Fund (843) (915)
\ 135,077 \ 100,687
The Group under defined benefit plans is required to pay post-employment benefits to any
employee who has provided one year or more of services as at reporting date, in accordance with
the Group's policies on payment of post-employment benefits (in accordance with local regulations
for overseas subsidiaries). Additionally, as at June 30, 2017, the Group is under contracts with
Samsung Life Insurance Co., Ltd. and others for operations management and asset management of
their defined benefit pension plans.
Details of defined benefit liabilities in the consolidated statements of financial position as at June 30,
2017 and December 31, 2016, are determined as follows:
Present value of funded defined benefit obligations \ 730,499 \ 715,702

Fair value of plan assets1 (595,422) (615,015)
Net defined benefit liabilities \ 135,077 \ 100,687
1The amount includes contributions to the National Pension Fund of ₩ 843 million (December 31,
2016: ₩ 915 million).
79
The amounts recognized in the statements of comprehensive income for the three-month and
six-month periods ended June 30, 2017 and 2016, are as follows:

Three months Six months Three months Six months
Defined benefit plan

Current service cost \ 24,693 \ 48,976 \ 23,650 \ 50,804
Interest expense 5,361 10,722 5,254 10,825
Return on plan assets
(excluding amounts included
in interest expenses/income) (4,451) (8,832) (4,460) (8,919)
Defined contribution plan
Post-employment benefits 737 1,373 1,325 1,977
Others (retirement bonus and
others) 28,499 67,869 29,203 100,340
\ 54,839 \ 120,108 \ 54,972 \ 155,027
Details of allocation of expenses for the six-month periods ended June 30, 2017 and 2016, are as
follows:
Cost of sales \ 37,661 \ 77,025

Selling and administrative expenses
(post-employment benefits) 73,378 68,037
Selling and administrative expenses
(research and development) 7,282 10,391
Other assets 1,787 (426)
\ 120,108 \ 155,027
80
18. Provisions
Changes in provisions for the six-month periods ended June 30, 2017 and 2016, are as follows:

Construction
warranties1 Restoring cost2 Others Total
January 1, 2017 \ 176,855 \ 43,078 \ 114,268 \ 334,201

Additional provisions 17,591 5,983 35,148 58,722
Used and reversal (11,655) (411) (23,230) (35,296)
Exchange differences (1,769) (2,459) (4,469) (8,697)
June 30, 2017 \ 181,022 \ 46,191 \ 121,717 \ 348,930
Current (Note 10) - - 51,792 51,792
Non-current 181,022 46,191 69,925 297,138
1 The
Group recognizes expenses, which are expected to be spent for future repairs, as a provision
based on historical experience.
2 TheGroup recognizes amounts discounted at present value, which are expected to be spent for
future dismantling and removing of the equipment of oil and gas subsidiaries or restoring the site, as
a provision.

Construction
warranties1 Restoring cost2 Others Total
January 1, 2016 \ 171,984 \ 44,613 \ 24,480 \ 241,077

Additional provisions 15,555 8,317 196,348 220,220
Used and reversal (12,533) (6,258) (147,342) (166,133)
Other changes 216 (279) 19 (44)
June 30, 2016 \ 175,222 \ 46,393 \ 73,505 \ 295,120
Current (Note 10) - - 44,049 44,049
Non-current 175,222 46,393 29,456 251,071
1 The
Group recognizes expenses, which are expected to be spent for future repairs, as a provision
based on historical experience.
2 TheGroup recognizes amounts discounted at present value, which are expected to be spent for
future dismantling and removing of the equipment of oil and gas subsidiaries or restoring the site, as
a provision.
81
19. Contingencies and Commitments
As at June 30, 2017, the Group has agreements with several financial institutions, including Woori
Bank, for the guarantees of letters of credit related to the Group’s export and import, totaling USD
481,494 thousand, for the guarantee of the performance of export contracts amounting to USD
252,086 thousand and for the guarantee of various trade finance with a limit of USD 2,372,529
thousand. The receivables from export transactions sold to financial institutions, which amount to
USD 549,295 thousand, are not yet due as at June 30, 2017.
As at June 30, 2017, the Group has provided a note amounting to ₩ 500 million, and 21 blank
checks and notes as collateral to related institutions for borrowings, performance guarantees,
construction payment guarantees, and others.
As at June 30, 2017, the Group is contingently liable for loan guarantees, principally for foreign
associates and joint ventures amounting to USD 193,749 thousand (Note 30).The Group provides
performance guarantees on the construction contracts of its foreign operations limited to USD
130,503 thousand, and the Group provides guarantees for the performance of other construction
companies’ projects amounting to \ 718,482 million. Conversely, other construction companies
provide guarantees for the performance of the Group’s projects amounting to \ 1,414,915 million.
As at June 30, 2017, the Group has short-term export insurance with Korea Trade Insurance
Corporation. The certificates issued by Korea Trade Insurance Corporation (insured amount of ₩
165,787 million) relating to guarantees provided by financial institutions are pledged as collateral.
As at June 30, 2017, the Group has been named as a defendant in certain lawsuits brought
against it in the normal course of business. The aggregate amount of 142 claims brought against
the Group, is approximately ₩ 372,875 million and USD 355,062 thousand. The Group also files
82 counterclaims amounting to ₩ 467,397 million and USD 816,603 thousand. The Group's
management believes that the ultimate resolution of these cases will not have a material adverse
effect on the operations or financial position of the Group.
As at June 30, 2017, the Group has 1,300 forward exchange contracts amounting to USD 646,093
thousand, JPY 23,335 thousand, EUR 11,550 thousand, SGD 1,602 thousand, GBP 492 thousand,
SAR 7 thousand, CNY 5,750 thousand, CHF 200 thousand and SEK 1,477 thousand, and three
interest rate swap contracts with financial institutions whose contracts amount to \ 300,000
million and USD 50,000 thousand. These forward exchange contracts and interest rate swap
contracts are intended to hedge foreign exchange risk and interest risk exposures of the Group. In
addition, the Group has entered into two currency swap contracts with contract prices amounting
to USD 99,244 thousand and 114 commodity futures contracts with financial institutions with
contract prices amounting to USD 102,292 thousand. For the six-month period ended June 30,
2017, realized gains and losses from the contracts mentioned above, included in ‘foreign
exchange gain and loss’, amount to approximately ₩ 49,044 million and ₩ 53,057 million,
respectively.
82
As at June 30, 2017, details of gain (loss) on valuation of derivative instruments are as follows:
(in millions of Korean won) Other

Gain on Loss on comprehensive
valuation valuation income
Currency forward contracts \ 8,738 \ (5,555) \ (75)

Interest swap contracts - - (1,081)
Currency swaps contracts 81 (6,955) (1)
Commodity futures contracts 1,358 (3,711) -
As at June 30, 2017, the Group has corporate purchase card agreements and collateral loan
agreements using the trade receivables with a limit of ₩ 375,000 million with financial institutions,
including Woori Bank.
On February 14, 2012, the Group entered into a share purchase agreement with JSC
Samruk-Energy to purchase its shares related to the construction of and business investment in the
coal-fired electrical power plant located in Kazakhstan. On August 31, 2016, the Group exercised
the put option against JSC Samruk-Energy to re-sell the shares purchased from JSC
Samruk-Energy considering the uncertainty of the investment (exercise price amount to USD
192,452 thousand). In addition, on August 31, 2016, the Group notified the customer for contract
work of a contract termination considering the uncertainty of the business. The Group is continuing
the negotiation with the customer in relation to the termination of contract, and the outcome cannot
be estimated reliably.
On April 30, 2015, the former Samsung C&T Corporation sold 22.99% of equity shares of Hanwha
General Chemicals Co., Ltd. (formerly Samsung General Chemical Co., Ltd.) to Hanwha Chemical
Co., Ltd. and Hanwha Energy Corporation (collectively “Acquirers”). According to the Share
Purchase Agreement, the Group has the right to receive additional proceeds depending on the
subsequent operating performance of Hanwha Total Petrochemical Co., Ltd. (formerly Samsung
Total Petrochemical Co., Ltd.). The Group also has a priority right to request the Acquirers to
purchase the remaining equity shares when Hanwha General Chemicals Co., Ltd. is publically listed.
However, if Hanwha General Chemicals Co., Ltd. is not listed within 6 years (7 years if requested by
Acquirers) from the closing date of the transaction, the Group and the Acquirers have the right to
exercise put option and call option, respectively, on the remaining equity shares. In addition, the
Acquirers have the right of first refusal when the Group attempts to dispose of the remaining equity
shares. Also, if the Acquirers attempt to dispose of the equity shares of Hanwha General Chemicals
Co., Ltd., the Group and the Acquirers respectively have tag-along right and drag-along right.
83
In accordance with the joint venture agreement between Biogen Idec Therapeutics Inc. and the
Group, Biogen Idec Therapeutics Inc. has an option to purchase additional shares of Samsung
BioEpis Co., Ltd. that would allow Biogen Idec Therapeutics Inc. to increase its ownership interest
up to 49.99%. The option can be exercised until the end of 2018, and the exercise price of the
option is a sum of the acquisition price of the investment and the cumulative interests on the
investment. The fair value of the option can vary significantly depending on the market condition and
the exercisability of the option. In relation to this contract that may be settled in the Group’s own
equity instruments, the Group recognizes option liability of \ 1,874,471 million as at June 30, 2017.
However, if Biogen Idec Therapeutics Inc. does not exercise the option until its maturity, the Group’s
assessment on the existence of control over Samsung Bioepis Co., Ltd. may be changed.
In relation to the land lease agreement with Incheon Metropolitan City(“Incheon”), the Group
receives exemption of rent from Incheon since the Group fulfilled the requirements set by the Public
Property Management Ordinance of Incheon. The Group recognizes the fair value of exempt rent as
intangible assets, and at the same time, the Group recognizes the same amount of government
grants as deduct of the carrying amount of the asset. Details of the lease agreement are as follows:
(a) Period
With the total lease period of 50 years, the initial lease period is 20 years from May 1, 2011, and can
be extended on a 10-year basis.
(b) Exemption requirement
In order to maintain exemption of rent, the Group has to maintain foreign direct investment of USD
20 million for the first 5 years of the lease period. Afterwards, the Group has to fulfill other
requirements while remaining as foreign investment enterprise, including average number of
employees to be over 300.
84
20. Share Capital
The Group is authorized to issue 500 million shares with a par value of ₩ 100 per share. As at June
30, 2017, 189,690,043 shares of ordinary share and 1,627,440 shares of preferred share are issued
and outstanding.
On September 14, 2015, the Group issued 56,317,483 shares (54,690,043 shares of ordinary share
and 1,627,440 shares of preferred share) of new share for the merger with the former Samsung
C&T Corporation.
As authorized in its Articles of Incorporation, the Group is able to issue convertible bonds which can
be converted into ordinary shares and preferred shares of the Group, and bonds with warrants
which grant the right to purchase new preferred shares to the amount of ₩ 850 billion each. As at
June 30, 2017, there are no convertible bonds and bonds with warrants issued under these terms.
Details of treasury shares as at June 30, 2017 and December 31, 2016, are as follows:
June 30, 2017 December 31, 2016

(in millions of Korean won, Preferred Ordinary Preferred Ordinary
except number of shares) share share share share
Number of shares 159,849 26,225,503 159,849 26,225,503

Acquisition cost ₩ 16,978 ₩ 1,895,517 ₩ 16,978 ₩ 1,895,517
21. Other Components of Equity
Other components of equity as at June 30, 2017 and December 31, 2016, consist of:
Treasury shares (Note 20) \ (1,912,495) \ (1,912,495)

Other capital adjustments (245,045) (245,045)
Changes in the fair value of available-for-sale financial
assets, net (Note 11) 8,058,993 4,846,982
Share of other comprehensive income of associates and
joint ventures 15,443 14,046
Share of other comprehensive loss of associates and joint
ventures (76,902) (67,967)
Exchange differences (100,934) (51,634)
Gain (loss) on valuation of derivative instruments, net (897) 324
\ 5,738,163 \ 2,584,211
85
22. Selling and Administrative Expenses
Selling and administrative expenses for the three-month and six-month periods ended June 30,
2017 and 2016, are as follows:

Salaries and others \ 182,177 \ 395,250 \ 168,151 \ 441,259

Welfare 25,505 53,450 29,254 63,679
Depreciation 45,149 90,642 45,218 91,117
Travel 12,393 23,424 14,889 28,482
Commission 173,556 384,067 187,993 394,708
Rent 52,344 108,850 57,396 117,300
Freight 65,634 132,179 68,457 128,566
Taxes and dues 10,196 22,062 15,901 30,507
Advertising 8,619 20,909 17,993 31,548
Research and development 27,670 51,945 44,372 52,167
Impairment loss (Note 8) (124) (12,532) 25,545 24,146
Computational service fee 12,708 25,876 12,870 25,747
Sales promotion cost 7,113 17,528 9,463 20,518
Others 51,736 101,422 54,128 98,939
\ 674,676 \ 1,415,072 \ 751,630 \ 1,548,683
86
23. Other Income and Expenses
Other income and expenses for the three-month and six-month periods ended June 30, 2017 and
2016, consist of:

Other income
Share of profit of associates and joint
ventures (Note 12) \ 23,655 \ 56,190 \ 33,041 \ 58,101
Dividend income 42,502 266,498 192 211,105
Foreign exchange gain 62,443 154,960 108,892 225,755
Gain on translation of foreign
currency 8,198 84,902 (15,065) 59,762
Gain on disposal of investments (5) 6,273 1,352 32,089
Gain on disposal of property, plant
and equipment 640 1,165 1,206 4,536
Gain on disposal of intangible assets 325 2,359 - 40
Reversal of provision for impairment
(Note 8) (368) 6,212 14,403 22,693
Gain on insurance settlement 2 62 19 37
Others 21,298 57,949 50,011 86,055
\ 158,690 \ 636,570 \ 194,051 \ 700,173
Other expenses
Share of loss of associates and joint
ventures (Note 12) \ 1,881 \ 5,710 \ 266 \ 6,112
Foreign exchange loss 77,544 178,916 125,254 255,847
Loss on translation of foreign
currency (6,525) 96,648 25,156 100,529
Impairment loss on investments 1,228 2,301 4,597 6,297
Loss on disposal of investments 344 1,243 280 280
Impairment loss on property, plant
and equipment 7,349 7,349 - -
Loss on disposal of property, plant
and equipment 6,055 12,568 1,450 3,252
Impairment loss on intangible assets - - (26,740) 90,200
Loss on disposal of intangible assets 74 88 - -
Loss on disposal of trade receivables 3,681 7,539 2,110 6,656
Donations 6,343 10,661 7,060 18,853
Other impairment loss (Note 8) 12,980 26,040 6,021 21,468
Others 90,958 137,497 (19,364) 167,245
\ 201,912 \ 486,560 \ 126,090 \ 676,739
87
24. Breakdown of Expenses by Nature
Expenses recorded by nature as cost of sales, selling and administrative expenses in the
consolidated statements of comprehensive income for the three-month and six-month periods
ended June 30, 2017 and 2016, consist of:

Changes in finished goods and

work-in-process \ 3,554,431 \ 7,113,476 \ 3,598,972 \ 7,120,146
Construction outsourcing 1,668,142 2,785,444 1,553,402 2,855,570
Employee benefit expenses 617,320 1,272,796 561,466 1,310,613
Commission 389,767 807,999 421,057 788,492
Freight 66,037 134,500 71,155 133,888
Research and development 27,662 51,937 44,372 52,167
Heavy construction equipment usage 51,966 95,142 45,695 93,611
Rent 83,815 181,825 99,362 199,691
Taxes and dues 55,527 97,750 60,652 104,883
Depreciation and amortization 107,701 219,229 103,682 206,580
Insurance 14,199 32,149 10,417 26,786
Outsourcing fee 80,156 198,521 100,061 246,456
Others 347,072 638,330 203,643 656,906
\ 7,063,795 \ 13,629,098 \ 6,873,936 \ 13,795,789
25. Employee Benefits
Employee benefits for the three-month and six-month periods ended June 30, 2017 and 2016,
consist of:

Wages and salaries \ 478,966 \ 985,599 \ 431,559 \ 986,487

Welfare 87,625 176,158 80,326 179,064
Post-employment benefits 50,729 111,039 49,581 145,062
\ 617,320 \ 1,272,796 \ 561,466 \ 1,310,613
88
26. Adjusted Operating Profit and Loss
Details of adjusted operating profit that are voluntarily classified based on the Group’s own criteria
by adjusting other income or expense items reflecting the operating performance of the Group from
items that are not included within operating profit in the consolidated statements of comprehensive
income for the three-month and six-month periods ended June 30, 2017 and 2016, are as follows:

Operating profit(loss) in the

consolidated statement of
comprehensive income \ 255,450 \ 392,449 \ 176,811 \ (258,003)
Share of profit of associates and joint
ventures (other income/ expenses) 21,774 50,480 32,775 51,989
Dividends income 42,502 266,498 192 211,105
Foreign exchange loss (15,101) (23,956) (16,362) (30,092)
Gain (loss) on translation of foreign
currency 14,723 (11,746) (40,222) (40,767)
Impairment loss on investments (1,228) (2,301) (4,597) (6,297)
Gain (loss) on disposal of
investments (349) 5,030 1,072 31,809
Impairment loss on property, plant
and equipment (7,349) (7,349) - -
Gain (loss) on disposal of property,
plant and equipment (5,415) (11,403) (244) 1,284
Impairment loss (reversal) on
intangible assets - - 26,740 (90,200)
Gain on disposal of intangible assets 251 2,271 - 40
Reversal of provision for impairment
(other impairment loss) (13,348) (19,828) 8,382 1,225
Donations (6,343) (10,661) (7,060) (18,853)
Loss on disposal of trade receivables (3,681) (7,539) (2,110) (6,656)
Others (69,658) (79,486) 69,394 (81,153)
Adjusted operating profit(loss) \ 212,228 \ 542,459 \ 244,771 \ (234,569)
89
27. Financial Income and Expenses
Financial income and expenses for the three-month and six-month periods ended June 30, 2017
and 2016, consist of:

Interest income:
Deposits in bank \ 9,117 \ 22,652 \ 4,455 \ 9,275
Securities 1,175 2,351 1,189 2,395
Loans 5,648 11,161 8,008 8,910
Overdue interest 10 18 36 93
Present value discounts 861 1,700 2,034 5,211
Others 4,065 11,340 7,774 14,843
Foreign exchange gain 14,569 24,913 12,237 22,854
Gain on translation of foreign
currency (7,771) 43,991 18,737 56,589
Total financial income 27,674 118,126 54,470 120,170
Interest expenses:
Short-term borrowings 13,722 25,209 12,285 24,220
Long-term borrowings 7,236 14,707 9,943 20,896
Debentures 19,676 43,915 29,060 59,580
Others 3,718 6,958 6,550 8,175
Capitalized interests (2,959) (5,147) (1,691) (4,450)
Foreign exchange loss 6,059 12,810 9,773 18,348
Loss on translation of foreign
currency 1,052 51,577 17,977 64,357
Total financial expenses 48,504 150,029 83,897 191,126
Financial expenses, net \ 20,830 \ 31,903 \ 29,427 \ 70,956
90
28. Income Tax Expense
Income tax expense is recognized based on the best estimate of the weighted average annual
income tax rate expected for the full financial year.
29. Earnings (Loss) per Share
Basic earnings (loss) per ordinary share for the six-month periods ended June 30, 2017 and 2016, is
as follows:
(in Korean won and in shares) 2017 2016
Profit (loss) for the period 1 \ 333,068 million \ (295,532) million

Profit (loss) for the period attributable to ordinary shares 330,068 million (292,953) million
Weighted average number of ordinary shares outstanding 163,464,540 shares 164,595,001 shares
Basic earnings (loss) per ordinary share \ 2,019 \ (1,780)
1 The amount is the profit or loss attributable to the owners of the Parent Company for the period.
Basic earnings (loss) per preferred share for the six-month periods ended June 30, 2017 and 2016,
is as follows:
(in Korean won and in shares) 2017 2016
Profit (loss) for the period 1 \ 333,068 million \ (295,532) million

Profit (loss) for the period attributable to preferred shares 3,000 million (2,579) million
Weighted average number of preferred shares outstanding 1,467,591 shares 1,467,561 shares
Basic earnings (loss) per preferred share \ 2,044 \ (1,757)
1 The amount is the profit or loss attributable to the owners of the Parent Company for the period.
Since there is no dilutive potential ordinary share, the diluted earnings (loss) per ordinary share and
the basic earnings (loss) per ordinary share are the same for the six-month periods ended June 30,
2017 and 2016, respectively.
30. Related Party Transactions
As at June 30, 2017, the Group's related parties consist of 50 associates and joint ventures,
including Samsung Bioepis Co., Ltd. and other related parties (Note 1). Meanwhile, the Enterprise
Group, which the Group belongs to, in accordance with the Monopoly Regulation and Fair Trade Act
of the Republic of Korea, consists of 62 entities including Samsung Electronics Co., Ltd., as at June
30, 2017.
91
Significant transactions between the Parent Company and related parties (associates, joint ventures
and other related party) for the six-month periods ended June 30, 2017 and 2016, and the related
account balances as at June 30, 2017 and December 31, 2016, consist of the following:
(in millions of Korean won) Sales Purchases Receivables Payables

June 30, December June 30, December
2017 2016 2017 2016 2017 31, 2016 2017 31, 2016
Associates
Samsung Bioepis Co., Ltd. \ 7,637 \ 115 \ - \ - \ 3,126 \ 45 \ - \ -
Waris Gigih Engineering &
Technology Sdn. Bhd. 86 522 - - - - - -
Chongqing Shanxia
Technology Textile Co.,
Ltd. 19,468 23,624 - 243 - 19,468 - -
Dongducheon Dream Power
Co., Ltd. 119 28,118 35 - 30,817 - 907 -
Busan Green Energy Co.,
Ltd. 30,447 41,099 - - 17,645 8,370 - -
Others 290 490 382 25,788 95 93 - 362
Joint ventures
FCC Saudi LLC 9,979 19,977 - - 9,604 137 - -
Others - - - - - 1,163 - -
Other related party

Samsung Electronics Co.,
Ltd.2 1,149,175 789,138 64,425 9,858 444,774 268,839 226,217 207,463
Others1,2
Samsung Display Co., Ltd. 106,573 68,285 20,672 179 74,167 60,411 22,765 22,748
Samsung Heavy Industries
Co., Ltd. 7,535 34,195 7 2 1,404 3,599 4,398 4,398
Samsung Life Insurance Co.,
Ltd.3 20,323 52,027 2,930 4,431 9,163 30,108 41,767 41,767
Others 54,480 149,475 82,650 172,700 308,857 1,242,439 200,372 235,481
1 The entities are not included in the scope of related parties in accordance with Korean IFRS 1024,
but are included in the scope of Enterprise Group in accordance with the Monopoly Regulation and
Fair Trade Act of the Republic of Korea.
2 Unbilled revenue from construction contracts based on the percentage of completion of \ 333,463
million (2016: \ 185,652 million) is excluded from sales. In addition, Due from customer for contract
work amounting to \ 341,728 million (December 31, 2016: \ 124,421 million) and due to
customers for contract work amounting to \ 173,041 million (December 31, 2016: \ 236,703
million) are excluded from receivables and payables, respectively.
3 As at June 30, 2017, the Group deposited \ 449,048 million (December 31, 2016: \ 476,129
million) in Samsung Life Insurance Co., Ltd. as plan assets.
92
Significant transactions between the Group and related parties (associates, joint ventures and other
related parties) (the above transactions are excluded) for the six-month periods ended June 30,
2017 and 2016, and the related account balances as at June 30, 2017 and December 31, 2016,
consist of the following:
(in millions of Korean won) Sales Purchases Receivables Payables

June 30, December June 30, December
2017 2016 2017 2016 2017 31, 2016 2017 31, 2016
Associates
Samsung Bioepis Co., Ltd. \ 6,210 \ 6,802 \ - \ - \ 674 \ 1,819 \ - \ -
Chongqing Shanxia
Technology Textile Co.,
Ltd. - 41 103 41 - - - 59
KST POWER NORTE S.A.
DE C.V. 1,002 1,055 - - 39,093 40,383 - -
Others - 58 - 15 - - - -
Joint ventures
South Kent Wind LP 230 229 - - 43 43 - -
SP Belle River LP 3,828 - - - 1,398 9,714 - -
Windsor Solar LP 298 8,728 - - 52 12 - -
LJG Green Source Energy
Alpha S.R.L. 362 767 - - 16,691 17,382 - -
Kelar S.A. 976 - - - 27,697 - - -
Others 5,051 1,712 - - 1,241 1,991 - -
Other related party

Samsung Electronics Co.,
Ltd. 112,523 95,203 9,531 13,107 59,072 58,254 7,783 9,852
Others1
Samsung Display Co., Ltd. 29,597 30,145 18 19 18,766 17,675 479 472
Samsung Heavy Industries
Co., Ltd. 79,564 187,986 9 30 36,735 60,032 360 360
Samsung Life Insurance Co.,
Ltd.2 4,467 3,379 3,259 3,211 4,767 1,012 1,410 1,410
Others2 152,552 143,294 213,620 132,380 31,976 36,929 142,158 114,180
1 The entities are not included in the scope of related parties in accordance with Korean IFRS 1024,
but are included in the scope of Enterprise Group in accordance with the Monopoly Regulation and
Fair Trade Act of the Republic of Korea.
2 As at June 30, 2017, the Group (except for the Parent Company) deposited \ 124,859 million
(December 31, 2016: \ 117,389 million) and \ 20,667 million (December 31, 2016: \ 20,577
million) as plan assets in Samsung Life Insurance Co., Ltd. and Samsung Fire & Marine Insurance
Co., Ltd., respectively.
93
Major fund transactions with a related party for the six-month periods ended June 30, 2017 and

Loans Repayments Loans Repayments
Joint venture
Kelar S.A. ￦ 27,495 ￦ - ￦ - ￦ -
Payment guarantees for the liabilities of associates and joint ventures provided by the Group as at
June 30, 2017 and December 31, 2016, are as follows:
(in thousands of U.S. dollars) Guaranteed amount

Guaranteed Actual Guaranteed
Principal debtor period borrowings amount
Associates
Terminal KMS de GNL, S. de R.L. Santander and September 1,
$ 89,783 $ 89,783
de C.V. others 2031
KST Electric Power Company, KEB Hana Bank and October 1,
12,992 12,992
SAPI de C.V. others 2017
Joint venture
Kelar S.A. BTMU and others April 30, 2031 13,654 34,654
$ 116,429 $ 137,429
As at June 30, 2017, the Group provided land and buildings, which are located in Seocho-gu, Seoul,
Republic of Korea, as collateral to Samsung Fire & Marine Insurance Co., Ltd. and Samsung Life
Insurance Co., Ltd. for establishment of the right to collateral security according to lease
agreements, with total secured amount of \ 31,037 million (Note 13).
As at June 30, 2017, investments in Dongducheon Dream Power Co., Ltd., (Acquisition cost:
\ 81,191 million), are pledged as collateral to a financial institution against the borrowings (total
borrowing limit of \ 1,285,000 million) of Dongducheon Dream Power Co., Ltd. (Note 12). In
addition, the Group provides fund supplement commitment on expected working capital deficit of
Dongducheon Dream Power Co., Ltd. up to \ 8,100 million.
The Company recognized salaries and post-employment benefits for the key management as
expenses, amounting to \ 2,149 million and \ 484 million, respectively. The key management
includes directors (executive and non-executive), auditors and other managements. Meanwhile, the
Group introduced long-term incentive plans for its executives based on a three-year management
performance criteria and has made a provision for the cumulative estimated incentive cost for the
past periods. For the six-month period ended June 30, 2017, the Company recognized expenses
amounting to \ 261 million.
94
31. Cash Generated from Operations
Reconciliation between operating profit and net cash inflow (outflow) from operating activities is as
follows:
(in Korean won) 2017 2016
Profit (loss) for the period \ 297,132,035,722 \ (382,053,475,145)

Addition
Income tax expense 149,664,833,953 15,842,843,548
Interest expense 85,642,375,841 108,420,335,721
Depreciation and amortization 238,874,609,611 253,857,808,263
Post-employment benefits 50,866,301,141 52,710,093,418
Impairment loss (12,531,665,285) 24,145,975,833
Other impairment loss 26,040,243,359 21,467,958,296
Transfer in provision for construction losses 54,718,441,545 102,814,567,418
Transfer in provision for construction
warranties 17,591,124,301 15,554,870,010
Loss on foreign currency translation 148,224,783,505 164,886,732,046
Loss on disposal of investments 1,242,800,393 278,157,071
Impairment loss on investments 2,300,882,721 6,297,365,076
Loss on disposal of property, plant and
equipment 12,567,968,467 3,252,119,532
Impairment loss on property, plant and
equipment 7,348,500,000 -
Loss on disposal of intangible assets 88,316,419 1,404,346
Impairment loss on intangible assets - 90,200,000,000
Share of loss of associates and joint ventures 83,392,070,902 78,066,930,159
Others expenses 20,450,045,051 20,102,616,640
886,481,631,924 957,899,777,377
Deduction
Interest income (49,222,199,839) (40,727,392,198)
Dividend income (266,498,061,092) (211,105,282,474)
Gain on foreign exchange translation (128,892,272,458) (116,350,723,339)
Reversal of provision for construction losses (105,742,297,656) (67,927,584,737)
Reversal of provision for impairment (6,212,012,007) (22,693,223,267)
Gain on disposal of investments (6,272,548,697) (32,088,749,114)
Gain on disposal of property, plant and
equipment (1,165,282,400) (4,535,527,677)
Gain on disposal of intangible assets (2,358,976,281) (39,938,896)
Reversal of Impairment loss on intangible
assets - (57,854,727)
Share of profit of associates and joint ventures (70,114,203,418) (69,371,794,208)
Gain on insurance settlement - (19,574,954)
Other income (3,169,071,858) (3,294,767,644)
(639,646,925,706) (568,212,413,235)
95
(in Korean won) 2017 2016
Changes in operating assets and liabilities

Decrease in trade receivables 691,562,402,223 1,098,682,806,514
Increase in other current assets (175,358,877,211) (55,528,777,677)
Decrease (increase) in inventories (93,205,160,441) 115,074,215,294
Decrease in trade payables (62,974,738,627) (178,254,584,382)
Increase (decrease) in other current liabilities (381,234,258,074) 605,267,432,319
Decrease in provisions for construction
warranties (11,652,223,206) (12,532,977,323)
Decrease in long-term unearned income - (8,691,324)
Increase (decrease) in long-term non-trade
payables (922,376,214) 13,162,414,624
Payment of defined benefit liability (44,515,450,007) (67,966,943,371)
Decrease in plan assets 28,424,422,174 55,005,949,793
Transfer in (out) of defined benefit liability 2,255,420 (307,743,949)
Others (2,616,481,565) (9,168,899,311)
(52,490,485,528) 1,563,424,201,207
Cash generated from operations \ 491,476,256,412 \ 1,571,058,090,204
96
32. Segment Information
The strategic steering committee is the Group’s chief operating decision-maker. Management has determined the operating segments based on the information
reviewed by the strategic steering committee for the purposes of allocating resources and assessing performance.
Also, a summary of information on the Group’s operations by business segment as at and for the six-month periods ended June 30, 2017 and 2016, is prepared
after elimination of intercompany transactions in operating profit, and liabilities of operating segments are not included as those are not periodically reported to
the Group’s management.
Summary of information on the Group’s operations by business segment as at and for the six-month periods ended June 30, 2017 and 2016, is as follows:
(in millions of 2017

Korean won) Food and
Construction Trading Fashion Resort beverages Bio Common Total
External sales \ 5,907,985 \ 7,328,583 \ 906,384 \ 336,517 \ 938,917 \ 170,865 \ - \ 15,589,251

Internal sales (34,240) (1,455,856) (39,727) (1,017) (36,865) - - (1,567,705)
Net sales 5,873,745 5,872,727 866,657 335,500 902,052 170,865 - 14,021,546
Operating profit (loss) 244,004 89,079 8,000 10,453 68,856 (27,943) - 392,449
Adjusted operating
profit (loss) 252,172 189,601 42,354 28,581 60,328 (30,577) - 542,459
1
Total assets 9,708,125 4,032,356 1,206,327 2,489,826 629,563 7,416,285 21,696,789 47,179,271
1
For total assets, the common amount is separately presented.
97
(in millions of 2016

Korean won) Food and
2
Construction Trading Fashion Resort beverages Bio Common Total
External sales \ 6,055,548 \ 6,515,059 \ 936,829 \ 301,553 \ 902,467 \ 136,206 \ - \ 14,847,662

Internal sales (40,576) (1,223,829) (20,906) (459) (24,106) - - (1,309,876)
Net sales 6,014,972 5,291,230 915,923 301,094 878,361 136,206 - 13,537,786
Operating profit (loss) (296,091) 12,635 8,748 (9,159) 64,825 (38,961) - (258,003)
Adjusted operating
profit (loss) (282,149) 18,513 41,307 2,210 56,976 (71,426) - (234,569)
1
Total assets 10,649,544 3,778,851 1,318,759 2,511,970 577,737 6,386,633 15,348,760 40,572,254
1
For total assets, the common amount is separately presented.
2Construction segment of the former Samsung C&T Corporation and that of the former Cheil Industries Inc. were integrated during the six-month period ended
June 30, 2016.
98
Summary of information on the Group’s operations by geographic areas for the six-month periods
ended June 30, 2017 and 2016, is as follows:

Domestic Asia Europe The Americas Total
Total revenue \ 11,265,239 \ 2,941,894 \ 603,104 \ 779,014 \ 15,589,251

Intercompany revenue (1,044,946) (362,439) (124,714) (35,606) (1,567,705)
Revenue from external
customers \ 10,220,293 \ 2,579,455 \ 478,390 \ 743,408 \ 14,021,546

Domestic Asia Europe The Americas Total
Total revenue \ 10,727,424 \ 548,828 \ 2,910,308 \ 661,103 \ 14,847,663

Intercompany revenue (820,642) (8,963) (349,873) (130,399) (1,309,877)
Revenue from external
customers \ 9,906,782 \ 539,865 \ 2,560,435 \ 530,704 \ 13,537,786
33. Financial Risk Management
33.1 Financial Risk Management
The Group is exposed to various financial risks such as market risk, credit risk and liquidity risk
while performing various activities. Market risk arises from currency risk, fair value interest rate risk,
cash flow interest rate risk and price risk.
As these interim financial statements do not include all the financial risk management and
disclosures required for the annual financial statements, please refer to the December 31, 2016
annual financial statements.
There has been no significant change in the risk management department and other risk
management policy of the Group since December 31, 2016.
99
33.2 Fair Value Measurement
Fair value hierarchy classifications of the financial instruments that are measured at fair value as at
June 30, 2017 and December 31, 2016, are as follows:
(in millions of Korean won) June 30, 2017

Level 1 Level 2 Level 3 Total
Assets measured at fair value
Available-for-sale financial assets:
Equity securities \ 21,366,202 \ - \ 183,046 \ 21,549,248
Debt securities - 830 - 830
Derivative instruments for hedging
activities:
Derivative financial assets - 3,715 - 3,715
Financial instruments measured at fair
value through profit or loss:
\ 21,366,202 \ 22,223 \ 183,046 \ 21,571,471
Liabilities measured at fair value
activities:
Derivative financial liabilities \ - \ 10,945 \ - \ 10,945
Financial instruments measured at
fair value through profit or loss:
Derivative financial liabilities - 13,559 1,874,471 1,888,030
\ - \ 24,504 \ 1,874,471 \ 1,898,975
100
(in millions of Korean won) December 31, 2016

Level 1 Level 2 Level 3 Total
Assets measured at fair value
Available-for-sale financial assets:
Equity securities \ 17,135,811 \ - \ 182,237 \ 17,318,048
Debentures - 2,887 - 2,887
activities:
Financial instruments measured at fair
value through profit or loss:
\ 17,135,811 \ 45,170 \ 182,237 \ 17,363,218
Liabilities measured at fair value
activities:
Derivative financial liabilities \ - \ 12,294 \ - \ 12,294
Financial instruments measured at
fair value through profit or loss:
Derivative financial liabilities - 21,000 1,874,471 1,895,471
\ - \ 33,294 \ 1,874,471 \ 1,907,765
 Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1).
 Inputs other than quoted prices included within level 1 that are observable for the asset or
liability, either directly or indirectly (Level 2).
 Inputs for the asset or liability that are not based on observable market data (that is,
unobservable inputs) (Level 3).
During the six-month period ended June 30, 2017, there has been no significant change in the
business or economic circumstances that affect the fair value of the entity's financial assets and
financial liabilities.
There are no reclassification of the financial assets during the six-month period ended June 30,
2017.
101
Valuation techniques and the inputs used in the fair value measurement related to recurring and
non-recurring fair value measurements categorized within Level 2 and Level 3 of the fair value
hierarchy and disclosed fair value are as follows:
(in millions of Korean won) Fair value Level Fair value measurements Inputs
Available-for-sale financial assets

Net asset value method, discounted Growth rate, discount rate
Energy industry equities \ 96,499 3
cash flow method and others and others
Cooperative contribution 41,177 3
Other equities 45,370 3
Counterparty credit risk
Investment bonds 830 2 Discounted cash flow method
and others
Derivatives (assets)
Currency forwards and Currency forwards rate ,
21,393 2 Market approach
others discount rate and others
Derivatives (liabilities)
Currency forwards and Currency forwards rate ,
24,504 2 Market approach
others discount rate and others
Fair value of underlying
Option 1,874,471 3 Binomial option pricing model asset (Samsung Bioepis
Co., Ltd.)
Valuation process of fair value measurements classified in level 3
The finance department of the Group’s divisions is responsible for fair value measurements which
contain fair value measurement categorized in Level 3 for the purpose of financial report and the
said department reports periodically the fair value valuation process and its outcome on reporting
schedule at the end of every reporting period.
102

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Samsung C&T Corporation

Report on Review of Interim Financial Statements ………………………............................... 1 - 5

Consolidated Interim Financial Statements

Consolidated Interim Statements of Financial Position …………………………………………….. 6 - 8

Consolidated Interim Statements of Comprehensive Income....................................................... 9 - 10

Consolidated Interim Statements of Changes in Equity..............................…………................... 11 - 12

Consolidated Interim Statements of Cash Flows…………………………………………………….. 13 - 14

Notes to the Consolidated Interim Financial Statements....................................……....……....... 15 - 102

(English Translation of a Report Originally Issued in Korean)

To the Shareholders and Board of Directors of

Reviewed Financial Statements

Management’s Responsibility for the Financial Statements

Auditor’s emphasis on area of focus on construction contracts 1

As described in the "Auditor’s responsibility", it is our responsibility to conduct our review in

- Uncertainty of the estimated total contract costs

- Measurement of percentage of completion

- Accounting treatment regarding variations in contract work

Earnings (loss) per share: 29

Cash flows from investing activities

Cash flows from financing activities

1.1 The Company

(a) General information of subsidiaries as at June 30, 2017, is as follows:

Number of shares Ownership

Number of shares Ownership

Samsung C&T Oil & Gas Natural resources

Number of shares Ownership

Samsung Renewable Energy,

Number of shares Ownership

Samsung Renewable Energy,

Number of shares Ownership

Samsung Renewable Energy,

Number of shares Ownership

SRE North Kent 1 GP Holdings Renewable energy Samsung Renewable Energy,

Number of shares Ownership

Industrial plant United

Number of shares Ownership

Samsung C&T America, Inc.

Number of shares Ownership

SAMOO DESIGNERS &

Number of shares Ownership

Samsung Corporation Rus

Number of shares Ownership

Eight Seconds (Shanghai) Co., Samsung Fashion Trading

(In millions of Korean won)

Seoul Lakeside Co., Ltd. \ 611,705 \ 304,281 \ 22,946 \ 2,590 \ 2,590

(In millions of Korean won)

SRE KS Holdings LP \ 1,085 \ - \ - \ 301 \ 303

(In millions of Korean won)

POSS-SLPC S.R.O. \ 28,948 \ 17,608 \ 31,489 \ 407 \ 734

(In millions of Korean won)

Samsung C&T Co., (Guangzhou) Ltd. \ 708 \ 13 \ - \ 6 \ (414)

1.3 Investments in Associates and Joint Ventures

Number of shares Ownership

Dongducheon Dream Power Co., Integrated thermal power

Number of shares Ownership

1.4 Changes in Scope for Consolidation

SRE Summerside Construction GP Inc. Newly established

Guang Dong Xingpu Steel Center Co., Ltd. Disposal

1.5 Information about Non-Controlling Interest

Profit or loss allocated to non-controlling interests and accumulated non-controlling interests of

Samsung BioLogics Co., Ltd. \ 2,427,326 \ 2,477,729

(in millions of Korean won) 2017 2016

Samsung BioLogics Co., Ltd. \ (17,241) \ (47,867) \ (24,697) \ (56,447)

(in millions of Korean won) 2017 2016

Samsung C&T Audit

Samsung C&T Audit