Asset revaluation on land and investment properties: book value 744.7 billion won → revalued amount 1,654.8 billion won, revaluation gain 910.1 billion won
Planned accounting treatment: assets increase by 910.1 billion won, deferred tax liabilities increase by 230 billion won, equity (revaluation surplus etc.) increases by 680.1 billion won
Revaluation gain amounts to 3.2% of total assets (consolidated, 2,840.6 trillion won)
Purpose: reflect fair value under K-IFRS and improve financial structure; subject to change per external audit results
KOSPI Filing Information
Asset Revaluation Result (Voluntary Disclosure)
Company: HYUNDAI ENGINEERING & CONSTRUCTION (000720)
Submission: HYUNDAI ENGINEERING & CONSTRUCTION CO.,LTD