REG - Lotte Shopping CoLtd - 1st Quarter Results <Origin Href="QuoteRef">023530.KS</Origin> - Part 2
06/09/2014 16:40
- Part 2: For the preceding part double click ID:nRSP0640Ma
Lotte Card.
3. Credit card business
Lotte Card has entered into card issuance agreements with American Express Company, Master Card International, Visa
International and JCB International whereby these companies receive from Lotte Card certain percentage of the credit
purchase amounts made on the credit cards issued pursuant to such agreements.
4. Other businesses
a. Woori Home Shopping
Woori Home Shopping has entered into an operating lease agreement with Lotte Capital and a joint card issuance agreement
with Shinhan Card Co., Ltd., which is renewable on an annual basis. It has also entered into delivery service agreements
with Lotte Logistics, Hyundai Logistics Co., Ltd. and CJ Korea Express Corporation, as well as broadcasting programme
supply agreements with multiple cable TV stations.
b. Korea Seven
Korea Seven has entered into trademark and operational technology licensing agreements with 7-Eleven, Inc., pursuant to
which Korea Seven pays 0.6% of net sales amount as license fees. Also, Korea Seven has granted 7-Eleven, Inc. the right to
purchase the shares of Korea Seven up to 10% of its total outstanding shares on January 1 of each year starting from 2003.
Korea Seven has also entered into franchising contracts with franchisees and agency agreements with Lotte Logistics for
delivery of products to both company-run and franchise stores.
c. Lotte Boulangerie
In April 2001, Lotte Boulangerie entered into a ten-year technology license agreement with Shikishima Baking Co., Ltd. and
in April 2011, renewed the agreement with a renewal clause that automatically renews the agreement on a yearly basis,
extending the current agreement to 31 December 2014. Pursuant to the original agreement, Lotte Boulangerie pays an annual
technology licensing fee of Yen 10 million, which has been recognized as long-term advance payment expense for the past 10
years, in addition to an annual commission fee amounting to0.5% of total factory consignments.
d. NCF
NCF has a royalty agreement with Nice Claup Co., Ltd. pursuant to which NCF pays Nice Claup a sales royalty fee of 2.2% and
a production royalty fee of 0.3% of net sales from 1 December 2010 to 31 March 2016.
e. Buy the Way
Buy the Way has entered into a guarantee agreement with Sportstoto guaranteeing payment of delivered goods and the
agreement is renewed every three months.
f. CS Mart
CS Mart has entered into an agreement with the Company to pay management fees equal to 10% of its operating income to the
Company.
See Note 36(b) of the notes to the attached condensed consolidated interim financial statements of the Company as of and
for three month period ended 31 March 2014.
III. Financial Matters
Please refer to the Company's condensed consolidated interim financial statements of the Company as of and for three month
period ended 31 March 2014 and the related notes attached to this report.
IV. Auditor's Opinion
A. Audit (Review) Opinion on Consolidated Financial Statements
1. Name of auditor / accountants
45th fiscal year (1Q) 44th fiscal year 43rd fiscal year
KPMG Samjong KPMG Samjong KPMG Samjong
2. Audit (review) opinion
a. Audit (review) for the current business year
The auditor has reviewed the consolidated statements of financial position as of 31 March 2014 and 31 December 2013, as
well as the consolidated statements of comprehensive income, consolidated statements of changes in equity and consolidated
statements of cash flows of Lotte Shopping Co., Ltd. and its subsidiaries for the three months ended 31 March 2014 and
2013.
3. Audit contracts
(Unit: million Won, hours)
Fiscal year Auditor Description Fee Total hours
45th fiscal year (1Q) Samjong KPMG Review of quarterly non-consolidated and consolidated financial statements 670 2,200
44th fiscal year Samjong KPMG Review of quarterly and semi-annual financial statementsAudit of non-consolidated and consolidated financial statements 620 10,600
45th fiscal year Samjong KPMG Review of quarterly and semi-annual financial statementsAudit of non-consolidated and consolidated financial statements 600 10,800
4. Contracts regarding non-audit services with outside auditor
(Unit: million Won)
Fiscal year Date of contract Description Service period Fee
45th fiscal year (1Q) - N/A - -
44th fiscal year - N/A - -
43rd fiscal year - N/A - -
V. Corporate Governance and Affiliates
A. Matters regarding Board of Directors
1. Overview of Board of Directors
a. Composition of Board of Directors
Currently, the Company's board of directors (the "Board of Directors") is composed of 11 directors, of whom six are outside
directors.
The Board of Directors decides important matters according to the basic management policies of the Company, matters
delegated from the general meeting of shareholders and matters required by the Articles of Incorporation or applicable
laws.
b. The Board of Director committees
The Board of Directors may have subcommittees to achieve efficient and timely decision-making. The Company currently has
an Audit Committee, an Outside Director Nomination Committee and an Internal Transaction Committee. Details regarding
operations, authority and composition of such committees are decided by the Board of Directors or relevant laws.
2. Matters regarding Board of Directors committees
a. Name, directors, objectives and authority
Audit Committee Three or more directors (at least two-thirds of whom must be outside directors) Composed of 3 outside directors as of 31 March 2014 Dongyul Park, Sukeun Kwak, Byungkee Ko ① The committee audits the Company's accounting and operations.② The committee reviews the Wonhei Kim, Sangkee Min, Hongroh Rhee retired
(from 21 March 2014) appropriateness of its performances and regulations every year. If necessary, it proposes revisions to (as of 21 March 2014) Dongyul Park, Sukeun Kwak, Byungkee Ko appointed
the Board of Directors.③ In addition to carrying out the activities specified in items 1 and 2 above, (as of 21 March 2014)
the committee also carries out activities specified by law, the Company's articles of incorporations
and the Board of Directors.
Outside Director Nomination Committee Two or more directors (at least half of whom must be outside directors) Composed of 1 outside director and 1 inside director as of 31 March 2014 Heon Shin, Byungkee Ko, Samjin Lim ① The committee recommends candidates for outside directors to the general meeting of shareholders.② Wonhei Kim retired
(from 21 March 2014) The committee must recommend those candidates recommended by shareholders with applicable rights under (as of 21 March 2014) Byungkee Ko appointed
Article 542 Clause 6 of the Commercial Code.③ In addition to carrying out the activities specified in (as of 21 March 2014)
items 1 and 2 above, the committee also carries out activities specified by law, the Company's
articles of incorporations and the Board of Directors.
Internal Transaction Committee Three or more directors (at least two-thirds of whom must be must be outside directors) Heon Shin, Taehyeon Kim, Myeong Hyeon Baek This committee is responsible for reviewing and approving the following:① Internal transactions as
(from 22 March 2013) defined under Article 11 Clause 2 of the Monopoly Regulation and Fair Trade Act and Article 17 Clause
8 of the related enforcement decree.② Transactions worth more Won 10 billion involving agreements with
certain affiliates as defined under Article 2 of the Monopoly Regulation and Fair Trade Act and
Article 3 of the related enforcement decree.③ Any matters as required for the operation of the other
committees.
Wonhei Kim retired
(as of 21 March 2014) Byungkee Ko appointed
(as of 21 March 2014)
Internal Transaction Committee
Three or more directors (at least two-thirds of whom must be must be outside directors)
Heon Shin, Taehyeon Kim, Myeong Hyeon Baek
(from 22 March 2013)
This committee is responsible for reviewing and approving the following:① Internal transactions as defined under Article 11
Clause 2 of the Monopoly Regulation and Fair Trade Act and Article 17 Clause 8 of the related enforcement decree.②
Transactions worth more Won 10 billion involving agreements with certain affiliates as defined under Article 2 of the
Monopoly Regulation and Fair Trade Act and Article 3 of the related enforcement decree.③ Any matters as required for the
operation of the other committees.
B. Affiliated Companies
1. Overview of affiliates
(As of 31 March 2014)
(Unit: %)
Investor company Lotte Confectionary 1.0 16.8 9.3 1.4 7.9 30.0 13.6 0.9 8.9 0.0 11.3 4.6 6.1
Lotte Chilsung Beverage 9.3 3.3 1.9 3.9 20.0 1.3 5.0 0.0 7.0 4.6 1.5 1.5
Lotte Food 0.4 1.2 5.0 10.0 7.5 5.0 1.8 0.4
Lotte Aluminum 15.3 8.4 9.0 6.2 5.0 2.6 5.6
Lotte Construction 1.3 6.0 1.0 11.8
Hotel Lotte 3.2 5.8 8.9 13.0 38.3 34.6 8.8 18.8 12.7 7.1 12.8 28.9 31.1 17.2 8.8 26.6 2.9
Busan Lotte Hotel 4.4 3.9 0.8 11.3 1.0 11.5
Lotte International 0.9 56.8 1.0 0.2
Lotte Shopping 3.4 12.0 15.0 6.2 30.0 38.7 34.0 25.0 34.4 4.6 22.4
Lotte Logistics 13.7 9.0
Lotteria 2.0 0.2 1.0 2.1 12.5 17.3 2.6 34.5
Lotte Chemical 1.0 8.1 32.0 1.7 4.6
Korea Fuji Film 0.3 7.9 9.0 3.5 1.7
Daehong Communications 3.3 3.1 1.1 2.9 18.3 8.2 28.1
Lotte Corporation 31.3
Lotte Capital
Lotte Data Communication 4.8 1.1 4.8 5.6 0.2
Lotte Card 1.5
Lotte.com 0.9
Lotte Boulangerie 0.4
Lotte Station Building 2.2
Lotte Insurance
Sambark LFT
MYbi
Korea Seven
Lotte Asset Development
Buy the Way 0.6
Lotte DF Global
eB Card
Hyundai Information Technology
Chungbuk Soju
Lotte Incheon Development
Canon Korea Business Solutions
Lotte Himart
Total 24.1 32.6 36.4 42.1 87.9 0.6 82.2 41.2 100.0 84.5 45.7 74.5 72.8 50.0 45.5 31.1 88.1 49.7 88.3 73.6
Total
24.1
32.6
36.4
42.1
87.9
0.6
82.2
41.2
100.0
84.5
45.7
74.5
72.8
50.0
45.5
31.1
88.1
49.7
88.3
73.6
Investor Company Lotte Confectionary 16.5 7.2
Lotte Chilsung Beverage 66.0 14.1 100.0 100.0
Lotte Food
Lotte Aluminum
Lotte Construction 11.8
Hotel Lotte 7.2 26.1 0.0
Busan Lotte Hotel 1.0 1.9 3.9
Lotte International
Lotte Shopping 51.1 100.0 92.5 49.0 53.0 39.1 50.0
Lotte Logistics 13.8
Lotteria
Lotte Chemical 50.0 100.0 50.0 20.5 99.5
Korea Fuji Film
Daehong Communications 11.5
Lotte Corporation
Lotte Capital 4.6
Lotte Data Communication 30.9 43.3
Lotte Card 1.2 0.2 4.8
Lotte.com 50.0 30.9
Lotte Boulangerie
Lotte Station Building 14.2
Lotte Insurance 1.8
Sambark LFT
MYbi 80.0
Korea Seven 31.9
Lotte Asset Development
Buy the Way
Lotte DF Global
eB Card 12.5
Hyundai Information Technology
Chungbuk Soju
Lotte Incheon Development
Canon Korea Business Solutions
Lotte Himart
Total 81.4 100.0 66.0 99.4 50.0 100.0 49.0 50.0 53.0 50.0 100.0 50.0 55.5 93.7 100.0 100.0 99.7 64.4 80.0 0.0
Total
81.4
100.0
66.0
99.4
50.0
100.0
49.0
50.0
53.0
50.0
100.0
50.0
55.5
93.7
100.0
100.0
99.7
64.4
80.0
0.0
Bu Investor Company Lotte Confectionary
Lotte Chilsung Beverage 100.0
Lotte Food
Lotte Aluminum
Lotte Construction
Hotel Lotte 46.1 100.0
Busan Lotte Hotel
Lotte International
Lotte Shopping 100.0 95.0 98.3 56.3
Lotte Logistics
Lotteria
Lotte Chemical 100.0 50.0
Korea Fuji Film
Daehong Communications 70.0 88.2
Lotte Corporation
Lotte Capital
Lotte Data Communication 36.2 5.0 52.3
Lotte Card 95.0
Lotte.com
Lotte Boulangerie
Lotte Station Building 30.0
Lotte Insurance
Sambark LFT
MYbi 22.6
Korea Seven 100.0
Lotte Asset Development 20.2 5.0 30.2 9.4
Buy the Way
Lotte DF Global 97.0
eB Card 100.0 100.0 100.0
Hyundai Information Technology
Chungbuk Soju
Lotte Incheon Development 4.3
Canon Korea Business Solutions
Lotte Himart
Total 58.8 66.2 100.0 100.0 100.0 100.0 97.0 100.0 100.0 100.0 100.0 30.2 100.0 98.3 50.0 70.0 52.3 88.2 100.0 100.0
Total
58.8
66.2
100.0
100.0
100.0
100.0
97.0
100.0
100.0
100.0
100.0
30.2
100.0
98.3
50.0
70.0
52.3
88.2
100.0
100.0
Investor Company Lotte Confectionary
Lotte Chilsung Beverage
Lotte Food
Lotte Aluminum
Lotte Construction 6.3
Hotel Lotte 85.5 37.5
Busan Lotte Hotel
Lotte International
Lotte Shopping 50.0 99.9 65.2 37.5
Lotte Logistics
Lotteria
Lotte Chemical 50.0
Korea Fuji Film
Daehong Communications
Lotte Corporation
Lotte Capital
Lotte Data Communication
Lotte Card
Lotte.com
Lotte Boulangerie
Lotte Station Building
Lotte Insurance
Sambark LFT
MYbi
Korea Seven
Lotte Asset Development 9.5
Buy the Way
Lotte DF Global
eB Card
Hyundai Information Technology
Chungbuk Soju 90.0
Lotte Incheon Development
Canon Korea Business Solutions 100.0
Lotte Himart
Total 90.0 50.0 99.9 95.0 65.2 81.3 100.0 50.0
Total
90.0
50.0
99.9
95.0
65.2
81.3
100.0
50.0
2. Equity investments
(As of 31 March 2014)
(Unit: Shares, million Won, %)
Lotte Station Building (unlisted) 1986.09.15 Equity investment 250 900,000 25.00 157,380 - - - 900,000 25.00 157,380 739,907 56,801
Daehong Communications (unlisted) 1996.12.23 Equity investment 6,277 13,600 34.00 28,785 - - - 13,600 34.00 28,785 505,536 12,983
Lotte.com (unlisted) 2000.01.05 Equity investment 2,000 1,600,000 34.39 11,610 - - - 1,600,000 34.39 11,610 176,955 6,472
Lotte Boulangerie (unlisted) 2000.09.05 Equity investment 3,000 4,020,222 90.54 9,530 420,000 1,380 - 4,440,222 100.00 10,910 42,729 (4,008)
Lotte Card (unlisted) 2002.11.30 Equity investment 34,701 69,995,159 92.54 982,950 - - - 69,995,159 92.54 982,950 8,416,824 146,270
Lotte Capital (unlisted)(2) 2001.12.31 Equity investment 6,259 7,445,072 22.36 77,413 - - - 7,445,072 22.36 77,413 4,478,638 68,283
Lotteria (unlisted)(2) 2001.12.27 Equity investment 39,719 186,062 38.68 112,864 - - - 186,062 38.68 112,864 878,791 30,502
FRL Korea (unlisted) 2004.12.16 Equity investment 2,940 2,352,000 49.00 24,827 - - - 2,352,000 49.00 24,827 424,810 68,986
Woori Home Shopping (unlisted) 2006.07.03 Equity investment 28,600 4,242,796 53.03 393,213 - - - 4,242,796 53.03 393,213 783,168 67,117
Lotte Assets Development (unlisted)(2) 2007.07.31 Equity investment 30 11,861,031 39.14 53,319 - - - 11,861,031 39.14 53,319 316,960 (8,125)
Zara Retail Korea (unlisted) 2007.01.18 Equity investment 130 302,600 20.00 16,106 - - - 302,600 20.00 16,106 169,733 6,902
Korea Seven (unlisted) 2009.09.25 Equity investment 28,184 18,526,176 51.14 82,473 - - - 18,526,176 51.14 82,473 875,827 22,195
Lotte Gimhae Development (unlisted) 2010.03.18 Equity investment 300 60,000 100.00 300 - - - 60,000 100.00 300 938 133
Lotte Suwon Station Shopping Town (unlisted) 2010.04.30 Equity investment 48 19,000,000 95.00 94,810 - - - 19,000,000 95.00 94,810 189,605 286
NCF (unlisted) 2010.12.30 Equity investment 18,876 589,800 98.30 19,715 - - - 589,800 98.30 19,715 35,554 247
Lotte Giants (unlisted) 1982.04.21 Equity investment 30 6,000 30.00 823 - - - 6,000 30.00 823 26,023 (1,570)
Lotte Songdo Shopping Town (unlisted)(2) 2011.06.27 Equity investment 40,000 12,000,000 56.30 60,000 - - - 12,000,000 56.30 60,000 259,347 (7,510)
STL (unlisted) 2011.08.24 Equity investment 1,000 500,000 50.00 2,500 - - - 500,000 50.00 2,500 4,210 (1,306)
CS Mart (unlisted) 2012.01.16 Equity investment 244,880 12,761,250 99.95 255,826 - - - 12,761,250 99.95 255,826 160,403 13,097
Lotte Hi-mart (listed) 2012.10.31 Equity investment 1,248,068 15,403,274 65.25 1,248,068 - - - 15,403,274 65.25 1,248,068 2,751,826 124,429
D-Cinema of Korea(unlisted) 2008.01.28 Equity investment 1,500 300,000 50.00 - - - - 300,000 50.00 0 71,503 2,302
M Venture Cultural Vitalization Investment Association (unlisted) 2009.10.01 Equity investment 2,500 250 25.00 2,500 (75) (750) - 175 25.00 1,750 8,746 (1,404)
Capital OneDiversity Cinema Special Investment Association (unlisted) 2010.03.18 Equity investment 1,000 100 20.00 1,000 - - - 100 20.00 1,000 3,950 (369)
So Big Contents Investment Union (unlisted) 2011.01.03 Equity investment 4,000 400 26.67 4,000 - - - 400 26.67 4,000 17,965 2,435
Capital One Middle-Low Budget Cinema Fund (unlisted) 2011.05.24 Equity investment 3,000 30 25.00 3,000 - - - 30 25.00 3,000 14,262 264
CJ Venture Investments Union No. 14 (unlisted) 2011.11.02 Equity investment 6,000 60 30.00 6,000 - - - 60 30.00 6,000 21,285 2,371
BS Financial Group(listed) 1987.09.23 Equity investment 2,775 5,259,597 2.72 84,154 - - (4,997) 5,259,597 2.72 79,157 3,507,652 61,140
Shinhan Financial Group (listed) 1997.12.31 Equity investment 637 311,118 0.07 14,716 - - (93) 311,118 0.07 14,623 27,424,645 731,638
M Cieta Development(unlisted) 2006.09.01 Equity investment 1,960 499,800 4.82 2,492 - - - 499,800 4.82 2,492 40,927 (819)
Bichae Nuri Development(unlisted) 2008.06.09 Equity investment 150 171,600 3.00 858 - - - 171,600 3.00 858 180,070 (3,178)
Cosmo Investment(unlisted)(2) 2009.03.27 Equity investment 8,165 65,680 7.76 15,418 - - - 65,680 7.76 15,418 48,575 2,620
Lotte International(unlisted)(2) 2006.11.30 Equity investment 1,638 134,215 14.99 52,190 - - - 134,215 14.99 52,190 1,226,123 289
Lotte Aluminum(unlisted)(2) 2000.11.23 Equity investment 3,000 125,016 12.05 74,956 - - - 125,016 12.05 74,956 1,678,414 6,421
Lotte Logistics (after the merge)(unlisted) 2007.09.28 Equity investment 4,000 66,308 4.64 9,269 - - - 66,308 4.64 9,269 629,791 19,543
CJ Venture Investment No. 12 Global Contents Investment Partnership (unlisted) 2009.11.20 Equity investment 1,500 15 3.58 1,500 - - - 15 3.58 1,500 33,888 (2,382)
East Gate Media Contents & Technology Fund (unlisted) 2010.08.30 Equity investment 5,000 50 14.71 5,000 - - - 50 14.71 5,000 35,039 3,239
ISU-Renaissance Contents Fund (unlisted) 2011.01.13 Equity investment 2,000 40 13.33 2,000 - - - 40 13.33 2,000 10,200 (1,751)
Union Global Contents Fund (unlisted) 2011.11.04 Equity investment 4,000 1,200 16.18 12,000 - - - 1,200 16.18 12,000 71,647 (1,567)
Michigan Global Contents Fund #3 (unlisted) 2012.08.24 Equity investment 2,000 200 13.33 2,000 - - - 200 13.33 2,000 12,875 (1,053)
Leading Asia Contents Fund (unlisted) 2012.09.18 Equity investment 4,000 400 21.01 4,000 - - - 400 21.01 4,000 18,963 (169)
Lotte Vietnam Shopping Co., Ltd.(unlisted)(1) 2006.12.15 Equity investment 3,749 - 100.00 125,243 - - - 0 100.00 125,243 277,516 (1,303)
Lotte Europe Holdings B.V.(unlisted) 2008.05.30 Equity investment 124,379 217,882 31.25 140,479 - - - 217,882 31.25 140,479 578,464 (826)
Intime Lotte Department Store(unlisted)(1) 2008.08.30 Equity investment 10,339 - 82.46 0 - - - 0 82.46 0 19,048 (32,660)
Lotte Shopping Holdings(Hong Kong)(unlisted) 2008.10.27 Equity investment 259 987,218,775 100.00 921,730 20,000,000 21,275 - 1,007,218,775 100.00 943,005 1,247,416 (12,532)
Lotte Shopping Holdings(Singapore) Pte., Ltd. (unlisted) 2008.10.28 Equity investment 101 226,055,966 100.00 252,971 - - - 226,055,966 100.00 252,971 238,404 (44)
Coralis S.A. (unlisted) 2009.10.29 Equity investment 17,418 787,461 45.00 55,131 - - - 787,461 45.00 55,131 108,079 (4,211)
Qingdao Lotte Mart Commercial Co., Ltd.(unlisted)(1) 2008.01.18 Equity investment 33,219 - 53.84 0 - - - 0 53.84 0 104,734 (66,685)
Lotte Mart Co., Ltd.(unlisted)(1) 2008.06.02 Equity investment 183,033 - 100.00 80,016 - - - 0 100.00 80,016 179,069 (35,644)
Liaoning Lotte Mart Co., Ltd. (unlisted)(1) 2008.07.24 Equity investment 2,107 - 40.00 10,841 - - - 0 40.00 10,841 59,194 (12,301)
PT.Lotte Shopping Indonesia (unlisted) 2008.11.20 Equity investment 219,737 2,622,812 55.00 214,068 - - - 2,622,812 55.00 214,068 220,521 14,541
Lotte Cinema Vietnam Co., Ltd. (unlisted)(1) 2008.05.02 Equity investment 3,000 - 90.00 7,099 - - - 0 90.00 7,099 42,567 (3,113)
Lotte Properties (Shenyang) Limited (unlisted) 2009.01.16 Equity investment 29,018 29,928,756 17.93 41,919 - - - 29,928,756 17.93 41,919 609,428 706
Shenyang SL Cinema Investment Management Co., Ltd. (unlisted)(1) 2010.11.16 Equity investment 752 - 49.00 1,496 - - - 0 49.00 1,496 2,269 (128)
Hubei XL Cinema Co., Ltd. (unlisted) (1) 2011.06.24 Equity investment 2,048 - 49.00 8,566 - 858 - 0 49.00 9,424 14,908 (2,935)
Hemisphere Film Investors II LLC (unlisted)(1) 2011.07.29 Equity investment 578 - 100.00 26,740 - - - 0 100.00 26,740 25,307 604
LOTTE PROPERTIES (CHENGDU) HK LIMITED (unlisted) 2012.02.14 Equity investment 40,878 144,901,152 73.46 160,392 - - - 144,901,152 73.46 160,392 360,499 (2,183)
Lotte (China) Management Ltd. (unlisted)(1) 2012.03.19 Equity investment 6,232 - 70.00 6,232 - - - 0 70.00 6,232 8,053 (136)
Fubon Multimedia Technology Co., Ltd. (unlisted) 2012.03.07 Equity investment 38,771 7,892,421 6.17 27,645 (305,001) (1,704) 635 7,587,420 5.93 26,576 184,358 19,838
Shandong Longzhile Cinema Co., Ltd. (unlisted)(1) 2012.09.09 Equity investment 1,735 - 49.00 2,612 - 1,294 - 0 49.00 3,906 6,437 (1,126)
Lotte Incheon Development Co., Ltd. (unlisted) 2012.12.11 Equity investment 50 3,000,000 37.50 15,000 - - - 3,000,000 37.50 15,000 973,252 (8,292)
Lotte Food Co., Ltd.(2) 2013.01.01 Equity investment - 47,180 3.45 35,196 - - 2,076 47,180 3.45 37,272 1,128,643 113,945
Hyundai Green Food Co., Ltd. 2013.01.01 Equity investment - 132,326 0.14 2,223 - - 53 132,326 0.14 2,276 1,590,520 50,790
Lotte Hotel & Retail Vietnam Pte. Ltd. (unlisted)(2) 2013.01.01 Equity investment - 12,380,000 20.00 14,185 - - - 12,380,000 20.00 14,185 68,911 (1,163)
LHSC Limited (unlisted)(2) 2013.01.01 Equity investment - 27,002,140 16.00 31,506 - - - 27,002,140 16.00 31,506 190,513 3
Bank Foundation for Young Entrepreneurs Culture Contents Investment Union (unlisted) 2013.08.29 Equity investment 4,000 40 15.09 4,000 - - - 40 15.09 4,000 26,669 37
Hotel Lotte Co., Ltd. (unlisted)(3) 2013.10.01 Equity investment - 79,254 0.15 11,829 (79,254) (12,347) 518 0 0.00 0 13,695,447 159,844
Lotte Shopping Reit Management Singapore Pte. Ltd. (unlisted) 2014.01.02 Equity investment 0 - - - 2,000,000 1,660 - 2,000,000 100.0 1,660 3,067 (13)
Total - - 6,126,683 - 11,666 (1,808) - - 6,136,540 - -
-
-
2,000,000
1,660
-
2,000,000
100.0
1,660
3,067
(13)
Total
-
-
6,126,683
-
11,666
(1,808)
-
-
6,136,540
-
-
Notes:
(1) Shares not issued in accordance with the applicable local laws.
(2) New and additional equity shares acquired through the acquisition of Midopa Co., Ltd in the 44th fiscal year.
(3) Acquired through the merger of Hotel Lotte Co., Ltd. with Lotte Buyeo Resort and Lotte Jeju Resort in the 44th fiscal
year.
※ Cost-value method applied to the carrying amount of the above investee companies (except for the carrying amount of
investee companies where market price or fair value valuation was applicable).
※ Loss impairment for Intime Lotte Department Store Co., Ltd., Lotte Shopping Holdings (Hong Kong) Co., Ltd., Qingdao Lotte
Mart Commercial Co., Ltd. and Lotte Mart Co., Ltd. was recorded last year.
※ Fiscal year ends in August for FRL Korea, January for Zara Retail Korea, February for STL and March for Cosmo
Investment.
VI. Shareholders
A. The Largest Shareholder and Specially Related Parties
(As of 31 March 2014)
(Unit: shares, %)
Name Relationship Type of shares Shareholding Reason for Change
At the beginning of the period At the end of the period
Number of Shares Shareholding Ratio Number of Shares Shareholding Ratio
Dongbin Shin Himself Common shares 4,237,627 13.46 4,237,627 13.46 -
Dongju Shin Relative Common shares 4,235,883 13.45 4,235,883 13.45 -
Kyukho Shin Relative Common shares 293,877 0.93 293,877 0.93 -
Youngja Shin Relative Common shares 232,818 0.74 232,818 0.74 -
Heon Shin Director Common shares 142 0.00 142 0.00
Hotel Lotte Co., Ltd. Related company Common shares 2,781,947 8.83 2,781,947 8.83 -
Korea Fuji Film Co., Ltd. Related company Common shares 2,474,543 7.86 2,474,543 7.86 -
Lotte Confectionary Co., Ltd. Related company Common shares 2,474,543 7.86 2,474,543 7.86 -
Lotte Data Communication Company Related company Common shares 1,515,653 4.81 1,515,653 4.81 -
Lotte Chilsung Co., Ltd. Related company Common shares 1,237,272 3.93 1,237,272 3.93 -
Lotte Construction Co., Ltd. Related company Common shares 300,019 0.95 300,019 0.95 -
Busan Lotte Hotel, Co., Ltd. Related company Common shares 246,720 0.78 246,720 0.78 -
Seonyun Jang Relative Common shares 700 0.00 700 0.00 -
Yumi Shin Relative Common shares 28,903 0.09 28,903 0.09 -
Lotte Samdong Welfare Foundation Foundation Common shares 47,888 0.15 47,888 0.15 -
Yuwon Industry Co., Ltd. Other Common shares 3,000 0.01 3,000 0.01 -
Mikyeong Seo Other Common shares 30,531 0.10 30,531 0.10 -
Jaeyoung Jang Other Common shares 950 0.00 950 0.00 -
Juyoung Yu Other Common shares 499 0.00 499 0.00 -
Treasury stock Other Common shares 1,938,688 6.16 1,938,688 6.16 -
Total Common shares 22,082,203 70.12 22,082,203 70.12 -
Preferred shares 0 0 0 0
※ The number of specially related parties: 18
※ The largest shareholder: Dongbin Shin
B. Change in the largest shareholder
There has not been any change in the largest shareholder during the reporting period (for the recent three business
years).
C. Distribution of Shares
Shareholders owning more than 5% of the Company's shares
(As of 31 March 2014)
(Unit: shares, %)
Name Number of shares Equity interest
Dongbin Shin 4,237,627 13.46%
Dongju Shin 4,235,883 13.45%
Hotel Lotte Co., Ltd. 2,781,947 8.83%
Korea Fuji Film Co., Ltd. 2,474,543 7.86%
Lotte Confectionary Co., Ltd. 2,474,543 7.86%
National Pension Service 1,936,552 6.15%
※ The employee stock ownership association has 44,786 shares, which is equal to a 0.14% interest in the Company.
1. Stock Price and Transaction Record
a. Domestic Stock Market
(Unit: Won, shares)
Category October 2013 November 2013 December 2013 January 2014 February 2014 March 2014
Common stock price Maximum 405,000 392,000 404,000 410,000 376,500 340,000
Minimum 376,000 365,000 382,500 367,500 337,000 314,500
Average 393,929 380,381 389,975 389,925 347,775 326,690
Transaction volume Daily maximum 69,824 61,623 82,188 101,221 253,863 71,683
Daily minimum 21,503 18,522 17,789 19,595 25,802 19,393
Monthly total 741,329 741,726 640,793 865,333 1,207,382 769,011
b. Overseas Stock Market
Exchange: London Stock Exchange
- More to follow, for following part double click ID:nRSP0640McRecent news on Lotte Shopping Co
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AnnouncementREG - Lotte Shopping CoLtd - 3rd Quarter Results <Origin Href="QuoteRef">023530.KS</Origin> - Part 6
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AnnouncementREG - Lotte Shopping CoLtd - 3rd Quarter Results <Origin Href="QuoteRef">023530.KS</Origin> - Part 4
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