REG - Lotte Shopping CoLtd - 1st Quarter Results <Origin Href="QuoteRef">023530.KS</Origin> - Part 5
01/07/2016 07:45
- Part 5: For the preceding part double click ID:nRSA9296Cd
Card Lotte Card 2014.01.21 Advisory from the Financial Supervisory Service and imposition of fine (W500 million) Improper operation of board of directors.(Specialized Credit Finance Business Act Article 50) Strengthening of management of board of directors operation.
One employee was issued a "cautionary warning"
2014.02.11 Warning from the Financial Supervisory Service and imposition of fine (W1,000 Insurance solicitation with misleading information about insurance products.(Insurance Business Act Article 97) Employee training.
million)
One employee was issued an official "reprimand"
2014.02.16 Partial suspension of operations for 3 months from the Financial Services Commission Leaking of customer information.(Specialized Credit Finance Business Act Article 24, Use and Protection of Credit Information Act Article 19) Reinforcement of information security (physical and IT-related).
2014.10.28 Imposition of penalty surcharge (W50,000,000) and fine (W 6,000,000) from the Violation of the prohibited acts relating to credit card businesses, etc., Violation of duty to maintain sound business practice in recruiting credit card holders(Specialized Credit Finance Business Act Article 24, etc.) Reinforcement of relevant standards. Employee training.Strengthening of management supervision.
Financial Services Commission
Three managing directors- Former managing director (13 years and 7 months of tenure), an official "reprimand"-Former managing director (12 years of tenure), three months of salary reduction-Current managing director (15 years and 5 months of tenure), an official "reprimand"
2014.10.28 Two representative directors-Former representative director (5 years and 8 months of Lack of supervision and management with regard to developing and maintaining measures for personal credit information protection Replacement of representative directors.Strengthening of management supervision
tenure), an equivalent of "cautionary warning" -Former representative director (10
years and 11 months of tenure), an equivalent of recommendation of discharge
2014.10.28 Five managing directors-Former managing director (12 years of tenure), three months Neglectful supervision, development and management of security measures with regard to user personal information usage, Failing to convert user information when testing the electronic system.Lack of supervision, etc. Expansion of IT security infrastructures and work force.Regular employee training.Strengthening of internal regulation.
of salary reduction-Former managing director (7 years and 6 months of tenure), an
equivalent of an official "reprimand"-Former managing director (6 years and 4 months
of tenure), an equivalent of dismissal-Current managing director (10 years and 2
months of tenure), an official "reprimand"-Current managing director (10 years and 4
months of tenure), three months of salary reduction
2014.10.30 Imposition of fine (W 12,000,000) from the Ministry of Security and Public Violation of the rules relevant to personal information retention, etc. Regular employee training.Strengthening of internal regulation.
Administration
2015.02.12 Cautioned and imposition of fine (5 million Won)by the Financial Supervisor Service Failure to exhaustively manage and monitor the recruitment of members for issuance of credit card, etc. Full time educationfor the staffs and reinforcement of internal control
※ The above table summary does not include minor sanctions and fines.
C. Inventory Status
(Unit: million Won)
Department store Merchandise 1,620,593 1,631,087 1,645,156
Goods - - -
Goods in process - - -
Half-finished goods - - -
Raw materials - - -
Component materials - - -
Stored goods - - -
Goods not delivered - - -
Unsold property - - -
Completed property - - -
Uncompleted property - - -
Land site - - -
Sub-total 1,620,593 1,631,087 1,645,156
Discount store Merchandise 641,369 633,462 645,588
Goods - - -
Goods in process - - -
Half-finished goods - - -
Raw materials - - -
Component materials - - -
Stored goods 47 42 417
Goods not delivered 6,793 1,122 530
Unsold property 26,221 29,412 -
Completed property - - -
Uncompleted property - - 23,756
Land site - - 16,061
Sub-total 674,430 664,038 686,352
Finance Merchandise 4,654 3,049 2,564
Goods - - -
Goods in process - - -
Half-finished goods - - -
Raw materials - - -
Component materials - - -
Stored goods - - -
Goods not delivered - - -
Unsold property - - -
Completed property - - -
Uncompleted property - - -
Land site - - -
Sub-total 4,654 3,049 2,564
Electronics Merchandise 474,418 416,081 357,113
Goods - - -
Goods in process - - -
Half-finished goods - - -
Raw materials - - -
Component materials - - -
Stored goods - - -
Goods not delivered 1,499 142 -
Unsold property - - -
Completed property - - -
Uncompleted property - - -
Land site - - -
Sub-total 475,917 416,223 357,113
Convenience store Merchandise 73,343 71,258 53,173
Goods - - -
Goods in process - - -
Half-finished goods - - -
Raw materials - - -
Component materials - - -
Stored goods 732 755 787
Goods not delivered - - -
Unsold property - - -
Completed property - - -
Uncompleted property - - -
Land site - - -
Sub-total 74,075 72,013 53,960
Others Merchandise 176,554 176,103 174,114
Goods 9,664 12,780 12,227
Goods in process 706 968 943
Half-finished goods - - -
Raw materials 541 848 873
Component materials - 23 9
Stored goods 898 1,447 964
Goods not delivered 292 886 1,676
Unsold property - - -
Completed property - - -
Uncompleted property 295,097 286,532 225,103
Land site - - -
Sub-total 483,752 479,587 415,909
Total Merchandise 2,990,931 2,931,040 2,877,708
Goods 9,664 12,780 12,227
Goods in process 706 968 943
Half-finished goods - - -
Raw materials 541 848 873
Component materials - 23 9
Stored goods 1,677 2,244 2,168
Goods not delivered 8,584 2,150 2,206
Unsold property 26,221 29,412 -
Completed property - - -
Uncompleted property 295,097 286,532 248,859
Land site - - 16,061
Sub-total 3,333,421 3,265,997 3,161,054
Inventory as percentage of total assets (%) Inventory÷Assets×100 8.26% 8.03% 7.89%
Inventory turnover (times)[Annualized cost of sales÷{(Period start inventory＋Period end inventory)÷2}] 6.0 6.3 6.2
7.89%
Inventory turnover (times)[Annualized cost of sales÷{(Period start inventory＋Period end inventory)÷2}]
6.0
6.3
6.2
Due diligence of inventories
Business unit Department store Discount store Others
Date of due diligence - - 22 January - 29 March (Supermarket),7 January - 30 March (LOHB's)
※ The Company reviews its inventories in the presence of its independent auditors at the end of each financial year but not
for any interim period.
D. Securities Issuances
1. Amount of Outstanding Commercial Paper
(As of 31 March 2016)
(Unit: million Won)
Remaining maturity period Under 10 days Over 10 but under 30 days Over 30 but under 90 days Over 90 but under 180 days Over 180 days but under 1 year Over 1 but under 2 years Over 2 but under 3 years Over 3 years Total
Amount outstanding - 114,000 230,000 3,006 245,000 115,000 150,000 120,000 977,006
2. Amount of electronic short-term debenture
(As of 31 March 2016)
(Unit: million Won)
Remaining maturity period Under 10 days Over 10 but under 30 days Over 30 but under 90 days Over 90 but under 180 days Over 180 days but under 1 year Total Limitations in issuance Limitations on balance
Amount outstanding 70,000 - - - - 70,000 - -
3. Amount of Outstanding Corporate Bonds
(As of 31 March 2016)
(Unit: million Won)
Remaining maturity period Under 1 year Over 1 but under 2 years Over 2 but under 3 years Over 3 but under 4 years Over 4 but under 5 years Over 5 but under 10 years Over 10 years Total
Amount outstanding 1,555,983 2,717,033 3,407,180 1,200,000 630,000 580,000 - 10,090,195
4. Amount of Outstanding Hybrid Securities
(As of 31 March 2016)
(Unit: million Won)
Remaining maturity period Under 1 year Over 1 but under 5 years Over 5 but under 10 years Over 10 but under 15 years Over 15 but under 20 years Over 20 but under 30 years Over 30 years Total
Amount outstanding - - - - - 270,000 - 270,000
This information is provided by RNS
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