1. HYUNDAI CARD CO., LTD.
AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2013,
AND FOR THREE MONTHS AND NINE MONTHS ENDED
SEPTEMBER 30, 2013 AND 2012,
AND INDEPENDENT ACCOUNTANTS' REVIEW REPORT

2. Deloitte Anjin LLC
9F., One IFC,
23, Yoido-dong,
Youngdeungpo-gu, Seoul
150-945, Korea
Tel :+82 (2) 6676 1000
Fax :+82 (2) 6674 2114
www.deloitteanjin.co.kr
Indepe
endent Ac
ccountant Review Report
ts’
w
English T
Translation of a Report Orig
f
ginally Issued in Korean
d
To the Sh
hareholders an Board of Directors of
nd
Hyundai Card Co., Ltd
d.:
ng
consolidated financial statements of Hyu
f
undai Card Co Ltd. and its
o.,
We have reviewed the accompanyin condensed c
ies
ely,
pany”). The fi
financial statem
ments consist of the conden
nsed consolida statement
ated
t
subsidiari (collective the “Comp
of financi position as of September 30, 2013, an the related condensed consolidated sta
ial
s
nd
atements of co
omprehensive
income fo the three m
or
months and nin months end September 30, 2013 and 2012, the rel
ne
ded
r
d
lated condense
ed
consolida statement of changes in shareholder equity and the related co
ated
ts
i
rs’
d
ondensed cons
solidated state
ements of
cash flow for the nine months ended September 3 2013 and 2012, and a su
ws
e
30,
ummary of sig
gnificant acco
ounting
policies a other expl
and
lanatory inform
mation.
ment’s respon
nsibility for the condensed consolidate financial st
t
d
ed
tatements
Managem
The Com
mpany’s manag
gement is resp
ponsible for th preparation and fair prese
he
n
entation of the accompanying condensed
e
d
consolida financial statements an for such int
ated
nd
ternal control as managemen determines is necessary to enable the
nt
s
t
preparatio of condens consolidat financial s
on
sed
ted
statements that are free from material mis
t
m
sstatement, wh
hether due to
fraud or e
error.
dent accounta
ants’ respons
sibility
Independ
Our respo
onsibility is to express a con
o
nclusion on th accompany
he
ying condensed consolidated financial sta
d
atements
based on our reviews.
We condu
ucted our revi
iews in accord
dance with sta
andards for rev
view of interim financial sta
m
atements in th Republic
he
of Korea. A review is l
.
limited primar to inquirie of company personnel an analytical p
rily
es
y
nd
procedures applied to
financial data, and this provides less assurance tha an audit. We have not pe
s
an
W
erformed an au
audit, and acco
ordingly, we
xpress an audit opinion.
t
do not ex
conclusion
Review c
Based on our reviews, nothing has come to our att
n
c
ttention that ca
auses us to believe that the accompanying
condense consolidated financial sta
ed
atements of th Company are not present fairly, in al material res
he
ted
all
spects, in
accordanc with Korea Internationa Financial S
ce
an
al
Standards 1034 Interim Financial Report
4,
ting.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited
by guarantee, and its network of member firms, each of which is a legally separate and
independent entity. Please see www.deloitte.com/kr/about for a detailed description of the legal
structure of Deloitte Touche Tohmatsu Limited and its member firms.
Member of Deloitte Touche Tohmatsu Limited

3. is
Emphasi of matters
As explai
ined in Note 2 the Compan applied the effect of chan
2,
ny
nges in accoun
nting policy re
etrospectively and the
y
condense consolidated statement of financial pos
ed
f
sition as of De
ecember 31, 2012, and the r
2
related conden
nsed
consolida statement of comprehensive income for the three months and ni months en
ated
t
m
ine
nded September 30,
2012, the related conde
e
ensed consolid
dated statemen of changes in shareholde equity and the related condensed
nt
ers’
d
c
consolida statement of cash flows for the nine months ended September 30, 2012, were restated appl
ated
t
s
d
3
e
lying the
amendme
ents. Meanwh
hile, our review conclusion i not affected by these mat
w
is
d
tters.
Others
the
of
osition as of December 31, 2012, and the related
D
e
We have also audited t consolidated statement o financial po
ated
t
,
onsolidated st
tatement of ch
hanges in shar
reholders’
consolida statement of comprehensive income, the related co
equity an the related c
nd
consolidated statement of c
s
cash flows (not presented in the accompan
nying condensed
consolida financial statements), all expressed i Korean won for the year ended Decem
ated
a
in
n,
r
mber 31, 2012 in
2,
accordanc with auditi standards generally acce
ce
ing
g
epted in the Republic of Ko
R
orea. On those consolidated financial
e
d
statement we express an unquali
ts,
sed
ified opinion i our indepen
in
ndent auditors report dated March 12, 20 In
s’
d
013.
addition, the restated condensed con
nsolidated stat
tement of finan
ncial position as of Decemb 31, 2012, presented for
ber
comparat purposes in the accomp
tive
panying conde
ensed consolid
dated financial statements, d
does not diffe in all
er,
material r
respects, with the audited consolidated st
tatement of fin
nancial positio as of Decem
on
mber 31, 2012
2.
Novembe 14, 2013
er
Notice to Rea
aders
This repo is effective as of November 14, 2013, the review report date. Cer
ort
e
rtain subseque events or circumstances
ent
c
may have occurred bet
e
tween the acco
ountants’ revie report date and the time the accountan review report is read.
ew
e
nts’
Such even or circums
nts
stances could significantly affect the acco
ompanying co
ondensed cons
solidated finan
ncial
statement and may res in modific
ts
sult
cations to the accountants’ review report.
r

4. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
(the “Company”)
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2013
AND FOR THE THREE MONTHS AND NINE MONTHS ENDED
SEPTEMBER 30, 2013 AND 2012
The accompanying financial statements, including all footnote disclosures, were prepared by, and are
the responsibility of, the Company.
Chung, Tae Young
Chief Executive Officer

5. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF SEPTEMBER 30, 2013, AND DECEMBER 31, 2012
(Unit: Korean won)
September 30, 2013
December 31, 2012
ASSETS:
CASH AND BANK DEPOSITS (Notes 5, 27 and 28):
Cash and cash equivalents
Bank deposits
Total cash and bank deposits
INVESTMENT FINANCIAL ASSETS (Note 28):
Financial assets available for sale (“AFS”)
Total investment financial assets
￦
915,886,034,481
33,031,500,000
948,917,534,481
￦
791,547,295,193
33,029,000,000
824,576,295,193
1,766,969,764
1,766,969,764
1,766,969,764
1,766,969,764
CARD ASSETS (Notes 6, 7, 25, 26, 27 and 28):
Card receivables, net of present value discounts, deferred
origination fees and allowance for doubtful accounts
Cash advances, net of allowance for doubtful accounts
Card loans, net of present value discounts, deferred loan
origination fees and allowance for doubtful accounts
Total card assets
5,917,119,594,047
814,655,310,891
6,530,709,506,111
906,232,767,098
2,497,903,061,789
9,229,677,966,727
2,270,095,402,706
9,707,037,675,915
PROPERTY AND EQUIPMENT (Notes 8, 10 and 13):
Land
Buildings, net of accumulated depreciation
Vehicles, net of accumulated depreciation
Fixtures and equipment, net of accumulated depreciation
Finance lease assets
Construction in progress
Total property and equipment
122,011,816,788
72,841,456,005
42,847,827
50,890,758,258
555,668,252
28,280,368,714
274,622,915,844
122,011,816,788
60,330,598,734
163,464,977
56,690,437,564
1,389,170,627
23,797,602,168
264,383,090,858
OTHER FINANCIAL ASSETS
(Notes 5, 7, 17, 27 and 28):
Other accounts receivable, net of allowance for doubtful
accounts
Accrued revenue, net of allowance for doubtful accounts
Guarantee deposits
Derivative assets
Total other financial assets
88,610,557,040
45,203,048,323
35,066,295,177
2,513,111,687
171,393,012,227
85,387,050,368
43,654,761,801
52,348,673,218
901,423,501
182,291,908,888
9,910,039,513
46,263,421,666
111,831,434,907
142,579,019,579
2,666,030,832
313,249,946,497
￦10,939,628,345,540
11,254,701,307
48,279,724,993
74,664,032,134
135,666,642,303
2,342,574,040
272,207,674,777
￦11,252,263,615,395
OTHER NON-FINANCIAL ASSETS
(Notes 7, 9, 23 and 26):
Advanced payments, net of allowance for doubtful
accounts
Prepaid expenses
Intangible assets
Deferred income tax assets
Others
Total other non-financial assets
Total Assets
(Continued)

6. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)
AS OF SEPTEMBER 30, 2013, AND DECEMBER 31, 2012
(Unit: Korean won)
September 30, 2013
December 31, 2012
LIABILITIES AND SHAREHOLDERS’
EQUITY:
BORROWINGS:
Borrowings (Notes 11, 27 and 28) (
Bonds payable, net of discounts on bonds
(Notes 12, 27 and 28)
Total borrowings
￦
285,000,000,000
487,500,000,000
￦
6,403,902,549,696
6,688,902,549,696
6,533,175,825,125
7,020,675,825,125
17,721,333,027
17,721,333,027
10,695,054,186
10,695,054,186
1,066,263,643,626
122,808,432,326
153,891,747,753
592,178,575
42,840,883,487
8,674,002,020
1,395,070,887,787
1,186,714,518,145
123,824,521,370
139,353,829,793
1,452,239,137
53,554,957,780
12,776,716,986
1,517,676,783,211
OTHER NON-FINANCIAL LIABILITIES
(Notes 15, 16, 24 and 26):
Withholdings
Unearned revenue
Provisions
Current tax liability
Total other non-financial liabilities
8,102,396,099
401,748,170,053
82,605,595,367
20,666,075,185
513,122,236,704
6,968,385,070
397,830,493,299
75,687,285,760
30,439,361,053
510,925,525,182
SHAREHOLDERS’ EQUITY :
Share capital (Note 18)
Capital surplus (Note 18)
Retained earnings (Notes 2, 19 and 21)
Reserves (Notes 2 and 20)
Non-controlling interest
Total shareholders’ equity
Total Liabilities and Shareholders’ Equity
802,326,430,000
57,704,443,955
1,475,947,774,108
(11,187,129,737)
19,820,000
2,324,811,338,326
10,939,628,345,540
802,326,430,000
57,704,443,955
1,348,744,482,014
(16,504,748,278)
19,820,000
2,192,290,427,691
11,252,263,615,395
RETIREMENT BENEFIT (Note 14):
Retirement benefit obligation
Total retirement benefit
OTHER FINANCIAL LIABILITIES
(Notes 13, 17, 26, 27 and 28):
Accounts payable
Withholdings
Accrued expenses
Finance lease liabilities
Derivative liabilities
Guarantee deposits received
Total other financial liabilities
￦
￦
(Concluded)
See accompanying notes to condensed consolidated financial statements.

7. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012
(Unit: Korean won)
2013
Three months
ended September 30.
2012
Nine months
ended September 30.
Three months
ended September 30.
Nine months
ended September 30.
OPERATING REVENUE:
Card income (Notes 26, 28 and 30)
￦ 615,503,498,368
￦1,823,716,549,587
￦ 596,675,846,452
￦ 1,779,519,921,306
Interest income (Notes 28 and 29)
Gain on disposal of financial assets
AFS (Note 28)
4,692,125,207
15,213,685,757
6,038,155,839
16,084,879,172
27,064,300
81,187,900
67,000,000
134,000,000
173,175,497
351,635,696
244,701,638
477,523,977
Dividends income
Reversal of provision for unused
credit limits (Note 16)
Other operating revenue
(Notes 28 and 31)
(51,525,302,219)
36,548,152,029
22,306,481,590
63,102,253,566
Total operating revenue
568,436,710,302
1,875,911,210,969
625,332,185,519
1,859,318,578,021
OPERATING EXPENSES:
Card expenses
(Notes 26, 28 and 30)
247,601,906,452
767,312,825,052
246,525,489,915
776,087,115,225
76,883,580,431
233,871,902,644
85,961,425,722
259,202,823,496
171,136,895,725
466,803,948,744
156,797,114,339
437,209,790,167
55,939,501
256,953,518
110,229,971
286,096,769
62,065,464,744
176,819,302,743
45,863,667,425
144,050,509,724
Interest expenses (Notes 28 and 29)
General and administrative
expenses (Notes 2, 14, 22 and 26)
(433,850,851)
-
-
-
Securitization expenses
Bad debt expense and loss on
disposal of loans
Transfer to provision for unused
credit limits (Note 16)
Other operating expenses
(Notes 28 and 31)
1,648,987,106
1,648,987,106
2,694,568,760
4,195,969,575
(48,907,931,140)
58,401,349,462
12,460,817,176
42,129,165,178
Total operating expenses
510,484,842,819
1,705,115,269,269
550,413,313,308
1,663,161,470,134
OPERATING INCOME
57,951,867,483
170,795,941,700
74,918,872,211
196,157,107,887
19,145,368
99,941,180
851,881,861
2,213,659,170
635,794,476
1,520,112,233
52,110,916
147,879,835
48,072,787
151,986,009
Total non-operating income
923,138,145
2,461,480,185
683,867,263
1,675,193,242
NON-OPERATING EXPENSES:
Loss from sale of property and
equipment
215,433,484
808,977,728
40,341,432
121,936,888
Donations
168,663,961
433,836,151
86,357,896
986,940,234
Total non-operation expenses
384,097,445
1,242,813,879
126,699,328
1,108,877,122
NON-OPERATING INCOME:
Gain from sale of property and
equipment
Rental revenue (Note 26)
Miscellaneous gain
(Continued)
-
3,095,000

8. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)
FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012
(Unit: Korean won)
2013
Three months
ended September 30.
INCOME BEFORE INCOME TAX
INCOME TAX EXPENSE
(Notes 2 and 23)
INCOME FOR THE PERIOD
Net income attributable to:
Owners of the Company
Non-controlling interests
Total comprehensive income attributable
to:
Owners of the Company
Non-controlling interests
Three months
ended September 30.
Nine months
ended September 30.
172,014,608,006
￦ 75,476,040,146
￦ 196,723,424,007
14,603,959,328
43,886,948,855
44,811,315,912
127,203,292,094
17,516,265,154
57,959,774,992
32,651,334,628
164,072,089,379
(59,959,765)
293,944,082
(1,308,437,959)
(1,707,291,124)
(79,102,593)
19,142,828
387,789,026
(93,844,944)
(1,726,171,450)
417,733,491
(2,252,362,961)
545,071,837
4,671,908,118
6,163,467,173
(1,491,559,055)
4,611,948,353
￦
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD (Note 2)
Items not reclassified subsequently to
profit or loss
Remeasurements of net defined
benefit liability
Income tax effect
Items reclassified subsequently to profit
or loss
Cash flow hedging gains or losses
Income tax effect
Total other comprehensive income (loss)
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD (Note 2)
2012
5,023,674,459
6,604,762,479
(1,581,088,020)
5,317,618,541
(3,020,277,721)
(3,992,498,414)
972,220,693
(4,328,715,680)
539,512,646
726,701,495
(187,188,849)
(1,167,778,478)
58,490,908,183
Nine months
ended September 30.
￦
￦
48,498,897,208
￦
132,520,910,635
￦ 53,631,059,312
￦ 162,904,310,901
￦
43,886,948,855
-
￦
127,203,292,094
-
￦ 57,959,774,992
-
￦ 164,072,089,379
-
132,520,910,635
-
53,631,059,312
-
162,904,310,901
-
48,498,897,208
-
(Concluded)
See accompanying notes to condensed consolidated financial statements.

9. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012
(Unit: Korean won)
Capital surplus
Share
capital
Balance at
January 1,
￦802,326,430,000
2012
Changes in
accounting
policy
Restated
balance
802,326,430,000
Comprehensive
income (loss)
Net income
Other
comprehensi
ve income
(loss)
Acquisition of
subsidiaries
Balance at
September 30,
2012
802,326,430,000
Balance at
January 1,
2013
802,326,430,000
Changes in
accounting
policy
Restated
balance
802,326,430,000
Comprehensive
income (loss)
Net income
Other
comprehensi
ve income
(loss)
Balance at
September 30,
￦802,326,430,000
2013
Share
premium
￦
45,399,364,539
45,399,364,539
Other
capital
Retained
earnings
￦12,305,079,416
12,305,079,416
￦ 1,148,396,655,980
6,049,230,616
1,154,445,886,596
-
-
164,072,089,379
-
-
-
-
-
-
Reserves
Remeasurem
ents of the
Cash flow
net defined
hedging
benefit
reserves
liability
￦(11,764,319,031)
(11,764,319,031)
-
539,512,646
-
45,399,364,539
12,305,079,416
1,318,517,975,975
(11,224,806,385)
45,399,364,539
12,305,079,416
1,339,725,219,219
(7,485,485,483)
45,399,364,539
12,305,079,416
-
-
￦
-
-
45,399,364,539
￦ 12,305,079,416
9,019,262,795
1,348,744,482,014
127,203,292,094
-
￦ 1,475,947,774,108
(7,485,485,483)
-
￦
-
(6,049,230,616)
(6,049,230,616)
-
(1,707,291,124)
-
(7,756,521,740)
-
(9,019,262,795)
(9,019,262,795)
-
Attributable to
owners of the
Company
￦
1,996,663,210,904
1,996,663,210,904
Noncontrolling
interests
￦ 19,820,000
19,820,000
164,072,089,379
-
(1,167,778,478)
-
-
Total
￦ 1,996,683,030,904
1,996,683,030,904
164,072,089,379
(1,167,778,478)
9,910,000
9,910,000
2,159,567,521,805
29,730,000
2,159,597,251,805
2,192,270,607,691
19,820,000
2,192,290,427,691
2,192,270,607,691
19,820,000
2,192,290,427,691
127,203,292,094
-
127,203,292,094
-
5,317,618,541
5,023,674,459
293,944,082
5,317,618,541
￦ (2,461,811,024)
￦ (8,725,318,713)
￦ 2,324,791,518,326
See accompanying notes to condensed consolidated financial statements.
￦ 19,820,000
￦ 2,324,811,338,326

10. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012
(Unit: Korean won)
Nine months ended
September 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Income for the period
Income tax expense
Interest income
Interest expense
Dividend received
Bad debt expense and loss on disposal of receivables
Retirement benefits
Depreciation
Amortization
Loss on foreign currency translation
Loss on valuation of derivatives
Increase in provision for unused credit limit
Increase (decrease) in provision for others
Loss from sale of property and equipment
Other operating losses
Reversal of impairment loss of financial assets AFS
Gain on foreign currency translation
Gain on valuation of derivatives
Amortization of present value discounts of card asset
Amortization of deferred origination fees of card assets
Gain from sale of property and equipment
Other operating gains
Changes in working capital:
Decrease in card assets
Increase in other financial assets
Decrease (increase) in other non-financial assets
Decrease in derivative assets
Decrease in retirement benefit obligations
Decrease (increase) in plan asset
Decrease in derivative liabilities
Decrease in capital lease liabilities
Increase (decrease) in other financial liabilities
Increase in other non-financial liabilities
Cash generated from operating activities:
Interest received
Interest paid
Dividend received
Income tax paid
Net cash provided by operating activities
(Continued)
Nine months ended
September 30, 2012
￦ 127,203,292,094
44,811,315,912
(15,213,685,757)
233,871,902,644
(351,635,696)
176,819,302,743
7,482,533,598
21,040,053,626
11,742,939,459
3,561,906,906
1,648,987,106
8,481,816,567
808,977,728
969,812,156
(81,187,900)
(3,600,000,000)
(14,108,354,577)
(14,918,956,773)
(99,941,180)
(123,414,693)
￦ 164,072,089,379
32,651,334,628
(16,084,879,172)
259,202,823,496
(477,523,977)
144,050,509,724
7,036,423,798
20,059,508,388
10,483,501,883
15,577,385
16,920,500,000
4,195,969,575
(5,975,217,893)
121,936,888
1,520,533,350
(134,000,000)
(16,928,592,243)
(33,738,751,769)
(14,445,419,864)
(3,095,000)
(161,996,480)
329,116,979,571
(5,564,373,938)
2,071,998,701
(1,816,743,346)
1,764,412,740
(2,121,000,000)
(860,060,562)
(125,483,605,999)
3,875,924,905
11,252,039,201
(25,405,773,592)
(3,003,352,665)
1,865,000,001
(3,471,845,376)
(2,921,022,539)
(1,971,945,814)
(816,734,675)
138,581,999,707
33,558,298,891
15,982,156,562
(217,260,747,497)
351,635,696
(63,171,912,020)
526,830,328,776
18,114,512,272
(241,343,869,709)
477,523,977
(75,832,343,246)
421,463,718,529

11. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012
(Unit: Korean won)
Nine months ended
September 30, 2013
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal of financial assets AFS
Disposal of property and equipment
Disposal of intangible assets
Net decrease in guarantee deposits
Net decrease (increase) in bank deposit
Acquisition of property and equipment
Acquisition of intangible assets
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings
Proceeds from issue of bonds payable
Acquisition of subsidiaries
Repayment of borrowings
Repayment of bonds payable
Net cash used in financing activities
NET INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF
THE PERIOD
CASH AND CASH EQUIVALENTS, END OF THE
PERIOD
￦
81,187,900
166,042,052
17,324,129,890
(2,500,000)
(31,541,231,612)
(48,468,452,668)
(62,440,824,438)
3,715,000,000,000
2,524,142,398,760
(3,917,500,000,000)
(2,661,693,163,810)
(340,050,765,050)
Nine months ended
September 30, 2012
￦
134,000,000
3,100,000
1,250,000,000
9,185,111,200
2,500,000
(85,488,616,685)
(7,272,376,051)
(82,186,281,536)
5,750,000,000,000
2,484,440,702,435
9,910,000
(6,170,000,000,000)
(2,341,984,500,000)
(277,533,887,565)
124,338,739,288
791,547,295,193
￦
61,743,549,428
830,022,903,023
915,886,034,481
￦ 891,766,452,451
(Concluded)
See accompanying notes to condensed consolidated financial statements.

12. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2013, AND DECEMBER 31, 2012, AND
FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2013 AND 2012
1.
GENERAL:
Hyundai Card Co., Ltd. (the “Parent”) and its subsidiaries (the “Company”) is engaged in the credit card
business under the Specialized Credit Financial Business Law of Korea. On September 15, 1995, the Parent
acquired the credit card business of Korea Credit Circulation Co., Ltd., and on September 16, 1995, the Korean
government granted permission to the Parent to engage in the credit card business.
As of September 30, 2013, the Parent has approximately 7.17 million card members, 2.03 million registered
merchants and 165 marketing centers, branches and posts. Its headquarters is located at Yoido, Seoul.
As of September 30, 2013, the total common stock of the Parent is ￦802,326 million. The shareholders of the
Parent and their respective ownerships as of September 30, 2013, and December 31, 2012, are as follows:
September 30, 2013
December 31, 2012
Number of shares
% of ownership
Number of shares
% of ownership
Shareholder
Hyundai Motor Co., Ltd.
59,301,937
36.96
50,572,187
31.52
Kia Motors Co., Ltd.
18,422,142
11.48
18,422,142
11.48
Hyundai Steel Co., Ltd.
0.00
8,729,750
5.44
GE Capital Int'l Holdings
69,000,073
43.00
69,000,073
43.00
Hyundai Commercial Inc.
8,889,622
5.54
8,889,622
5.54
Others
4,851,512
3.02
4,851,512
3.02
Totals
160,465,286
100.00
160,465,286
100.00
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The Company maintains its official accounting records in the Republic of Korean won (“Won”) and prepares
condensed consolidated financial statements in conformity with Korean statutory requirements and Korean
International Reporting Standards (“K-IFRS”), in Korean language (Hangul). Accordingly, these condensed
consolidated financial statements are intended for use by those who are informed about K-IFRS and Korean
practices. Certain information included in the Korean language financial statements, but not required for a fair
presentation of the Company’s financial position, operating results, changes in shareholders’ equity or cash
flows, is not presented in the accompanying condensed consolidated financial statements.
(1) Basis of Preparation
The Company’s interim condensed consolidated financial statements for the nine months ended September 30,
2013, are prepared in accordance with K-IFRS 1034, Interim Financial Reporting.
The Company’s accounting policies applied for the accompanying interim condensed consolidated financial
statements are the same as the policies applied for the preparation of condensed consolidated financial
statements for the year ended December 31, 2012, except for the effects from the introduction of new and
revised accounting standards or interpretations as described below.
1) Accounting standards and interpretations that were newly applied for the nine months ended September 30,
2013, and changes in the Company’s accounting policies are as follows:
Amendment to K-IFRS 1001, Presentation of financial statements: Presentation of Items of Other
Comprehensive Income (Revised)

13. -2-
The amendments to K-IFRS 1001 require the Company to present items in the other comprehensive income
section to be grouped into those that will not be reclassified subsequently to profit or loss, and will be
reclassified subsequently to profit or loss when specific conditions are met. These amendments have an effect
only on presentation of consolidated financial statements and do not have an effect on the Company’s financial
position or operating results. The comparative consolidated financial statements are restated retrospectively
applying the amendments.
K-IFRS 1019, Employee Benefits (Revised)
The amendments to K-IFRS 1019 require the recognition of actuarial gains and losses in other comprehensive
income and hence eliminate the ‘corridor approach’ and ‘immediate recognition in profit and loss approach’
permitted under the previous version. Expected return on plan assets is measured using the discount rate used in
measuring defined benefit obligations instead of using an independent expected return and presented in net
interest on the net defined benefit liability. Meanwhile, the Company shall recognize past service cost as an
expense at the earlier date between when the plan amendment or curtailment occurs and when the entity
recognizes related restructuring costs or termination benefits. The Company applied the effect of changes in
accounting policy retrospectively and the comparative consolidated financial statements are restated
retrospectively applying the amendments.
K-IFRS 1107, Financial Instruments: Disclosures – Offsetting Financial Assets and Financial Liabilities
(Revised)
The amendments to K-IFRS 1107 increase the disclosure requirements to include information about offsetting
financial assets and financial liabilities. The revised accounting standards require disclosure of information on
conditional rights of setoff that are enforceable and exercisable only in the events mentioned in agreements
regardless of meeting some or all of the offsetting criteria in K-IFRS 1032. The Company discloses the
information comparatively (see Note 28 (2)).
K-IFRS 1110, Consolidated Financial Statements (Issued)
The standard supersedes K-IFRS 1027 Consolidated and Separate Financial Statements and SIC-2012
Consolidation – Special Purpose Entities. K-IFRS 1110 establishes a single source of guidance in the
application of definition of control. The standard states that an investor controls an investee when it is exposed,
or has rights, to variable returns from its involvement with the investee and has the ability to affect those
returns through its power over the investee. These enactments referred above do not have an effect on the
Company’s consolidated financial statements and disclosures.
K-IFRS 1111, Joint Arrangements (Issued)
K-IFRS 1111 deals with how a joint arrangement of which two or more parties have joint control should be
determined. Under K-IFRS 1111, joint arrangements are classified as joint operations or joint ventures,
depending on the rights and obligations of the parties to the arrangements. A joint operation is a joint
arrangement whereby the parties that have joint control of the arrangement (i.e., joint operators) have rights to
the assets, and obligations for the liabilities, relating to the arrangement. A joint venture is a joint arrangement
whereby the parties that have joint control of the arrangement (i.e., joint venturers) have rights to the net assets
of the arrangement. Under joint operations, a joint operator recognizes and measures assets, liabilities, related
revenues and expenses in relation to its interest in the arrangement. Under joint ventures, a joint venturer
recognizes an investment and accounts for that investment using the equity method. These enactments referred
above do not have an effect on the Company’s consolidated financial statements and disclosures.

14. -3-
K-IFRS 1112, Disclosures of Interests in Other Entities (Issued)
K-IFRS 1112 improves disclosures of reporting entities that have an interest in a subsidiary, a joint
arrangement, an associate or unconsolidated structured entity. The standard requires an entity to disclose the
nature of, and risks associated with, its interests in other entities and the effects of those interests on its
financial position, financial performance and cash flows. The Company discloses the information on interests
in subsidiaries (see Note 4).
K-IFRS 1113, Fair Value Measurements (Issued)
K-IFRS 1113 establishes a single source of guidance for fair value measurements and disclosures about fair
value measurements. The standard defines fair value, establishes a framework for measuring fair value and
requires disclosures about fair value measurements. The standard defines fair value as the price that would be
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at
the measurement date (i.e., an exit price). When measuring fair value, an entity uses the assumptions that
market participants would use when pricing the asset or liability. The standard explains that a fair value
measurement requires an entity to determine the particular asset or liability being measured, the market in
which an orderly transaction would take place for the asset and liability and the appropriate valuation
techniques to use when measuring fair value. Also, the standard requires wider disclosures about fair value
measurements. These enactments referred above do not have a significant effect on the Company’s
consolidated financial statements and disclosures.
The effects on consolidated statement of financial position and consolidated statement of comprehensive
income by accounting standards and interpretations that were newly applied for the nine months ended
September 30, 2013, and changes in the Company’s accounting policies are as follows:
(Consolidated statement of financial position)
As of December 31, 2012
Before changes
After changes
Attributable to owners of the Company
Share capital and capital surplus
Retained earnings
Reserve
Non-controlling interests
860,030,873,955
1,339,725,219,219
(7,485,485,483)
19,820,000
2,192,290,427,691
860,030,873,955
1,348,744,482,014
(16,504,748,278)
19,820,000
2,192,290,427,691
(Consolidated statement of comprehensive income)
Operating income
Non-operating income
Non-operating expenses
Income before income tax expenses
Income tax expenses
Net income for the period
Other comprehensive income
Items not reclassified subsequently to
profit or loss
Remeasurements of the net defined
benefit liability
Income tax effect
Items reclassified subsequently to
profit or loss
Cash flow hedging gains or losses
Income tax effect
Total comprehensive income for the
period
For the nine months ended September 30, 2012
Before changes
After changes
193,904,744,926
196,157,107,887
1,675,193,242
1,675,193,242
1,108,877,122
1,108,877,122
194,471,061,046
196,723,424,007
32,106,262,791
32,651,334,628
162,364,798,255
164,072,089,379
539,512,646
(1,167,778,478)
(1,707,291,124)
(2,252,362,961)
545,071,837
539,512,646
539,512,646
726,701,495
726,701,495
(187,188,849)
(187,188,849)
162,904,310,901
162,904,310,901

15. -4-
2) The Company has not applied or adopted earlier the following new and revised K-IFRSs that have been
issued, but are not yet effective:
K-IFRS 1032 (as revised in 2012), Financial Instruments: Presentation
The amendments to K-IFRS 1032 clarify existing application issue relating to the offset of financial assets and
financial liabilities requirements. The group’s right of setoff must not be contingent upon any future events but
enforceable anytime during the contract period in all of the circumstances — in the event of default, insolvency
or bankruptcy of the entity or the counterparties, as well as in the ordinary course of business. The
amendments to K-IFRS 1032 are effective for annual periods beginning on or after January 1, 2014. The
Company does not anticipate that these amendments referred above will have a significant effect on the
Company’s consolidated financial statements and disclosures.
3.
CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY:
In the application of the Company’s accounting policies, management is required to make judgments, estimates
and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. Actual results may differ from these estimates.
The application of the Company’s accounting policies and the judgments by management on sources of
estimation uncertainty are the same as those of the consolidated financial statements as of December 31, 2012.
4.
SUBSIDIARY:
Details of the Parent’s subsidiaries as of September 30, 2013, and December 31, 2012, are as follows:
Voting share (%)
Companies
PRIVIA 2nd SPC
PRIVIA 3rd SPC
Major operation
Asset securitization
Asset securitization
Place of
incorporation and
operation
Korea
Korea
End of
reporting
September 30, 2013 December 31, 2012
period
0.9
0.9
December
0.9
0.9
January
The subsidiaries were established for the Parent’s business activity. The Parent has a power over the subsidiaries
due to the fact that the Parent involves in the objectives and design of the subsidiaries and exposes to risks and
rewards of them. Also, all the decision-making processes of the subsidiaries are operated on autopilot by
provisions and articles of association. The Parent is considered to have an ability to use power because the Parent
has a control over the changes of provisions and articles of association. By those reasons, the Parent includes the
special-purpose entities under consolidation.
Meanwhile, in case that default occurs by the subsidiaries related to derivative contracts hedging risks arising
from debentures issued for asset securitization, counterparties of the derivative contracts can claim for
reimbursement to the Parent.

16. -5-
5.
RESTRICTED FINANCIAL ASSETS:
Restricted financial assets as of September 30, 2013, and December 30, 2012, are as follows (Unit: Won in
millions):
Type
Deposits
Other
financial
assets
6.
Entity
September 30, 2013
KB and others
Shinhan Bank
and others
Mirae Asset
Securities
Korea Asset
Management
Corporation
Restriction
Guarantee deposits
16 for overdraft
December 31, 2012
19
33,000
13
9,246
42,278
33,000 Secured deposits
Social enterprise
13 fund
9,246 Escrow account
42,275
CARD ASSETS:
Card assets by customer as of September 30, 2013, and December 31, 2012, are as follows (Unit: Won in
millions):
September 30, 2013
Households
Corporates
Total
CARD ASSETS :
5,424,222
556,235
5,980,457
Card receivables (*)
Cash advances
845,787
845,787
2,594,256
Card loans (*)
2,594,256
Total
8,864,265
556,235
9,420,500
Allowance for doubtful
(5,152)
(190,822)
accounts
(185,670)
8,678,595
551,083
9,229,678
Book value
Composition rate
94.03%
5.97%
100.00%
(*) Adjusted for deferred origination fees and present value discounts.
Households
December 31, 2012
Corporates
Total
6,116,731
940,019
2,351,470
9,408,220
479,630
479,630
6,596,361
940,019
2,351,470
9,887,850
(176,050)
9,232,170
95.11%
(4,762)
474,868
4.89%
(180,812)
9,707,038
100.00%

17. -6-
7.
ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Changes in the allowance for doubtful accounts for the nine months ended September 30, 2013 and 2012, are
as follows (Unit: Won in millions):
Card
receivables
Balance at January 1,
2013
Bad debt expenses
Bad debt recovered
Disposition and
repurchase
Provision of (reversal
of) allowance for
doubtful accounts
Balance at
September 30, 2013
2,267
-
Total
65,652
(1,132)
535
33,786
(394)
730
81,374
(450)
226
-
(26,768)
(17,526)
(26,045)
-
25,050
14,536
41,248
-
677
81,511
63,337
31,132
96,353
-
2,944
193,766
Card
receivables
Balance at January 1,
2012
Bad debt expenses
Bad debt recovered
Disposition and
repurchase
Provision of (reversal
of) allowance for
doubtful accounts
Balance at
September 30, 2012
Nine months ended September 30, 2013
Cash
Card loans
Loans
Other assets
advances
-
(70,339)
Nine months ended September 30, 2012
Cash
Card loans
Loans
Other assets
advances
68,773
(1,382)
575
37,910
(362)
845
67,071
(237)
261
-
30
(18,018)
(12,084)
(13,105)
-
12,032
7,129
23,731
-
61,980
33,438
77,721
183,079
(1,976)
1,491
2,306
-
Total
176,090
(1,981)
1,681
(43,207)
103
30
42,995
2,409
175,578

18. -7-
8.
PROPERTY AND EQUIPMENT:
The changes in book value of property and equipment for the nine months ended September 30, 2013 and 2012,
are as follows (Unit: Won in millions):
Land
Buildings
Vehicles
Fixtures and equipment
Finance lease assets
Construction in
progress
Total
(*)
23,798
264,383
13,147
32,164
(8,665)
(9)
(875)
(21,040)
Ending
balance
122,012
72,842
43
50,891
555
28,280
274,623
132 million of construction in progress is reclassified to advanced payments and 123 million of fixtures
and equipment is reclassified from construction in progress in intangible assets (see Note 9).
Land
Buildings
Vehicles
Fixtures and equipment
Finance lease assets
Construction in
progress
Total
(*)
Nine months ended September 30, 2013
Beginning
Acquisition Reclassification(*) Disposal
Depreciation
balance
122,012
60,331
6,779
7,062
(1,330)
163
(62)
(58)
56,690
12,238
1,594
(813)
(18,818)
1,389
(834)
Nine months ended September 30, 2012
Beginning
Acquisition Reclassification(*) Disposal
Depreciation
balance
83,995
34,166
3,851
42,187
22,819
(3,505)
(1,108)
270
76
(108)
57,974
17,396
125
(121)
(18,011)
2,500
(833)
472
187,398
11,032
85,489
5,019
5,490
(121)
5,490 million of construction in progress is reclassified from advanced payments.
(20,060)
Ending
balance
122,012
60,393
238
57,363
1,667
16,523
258,196

19. -8-
9.
INTANGIBLE ASSETS:
The changes in intangible assets for the nine months ended September 30, 2013 and 2012, are as follows (Unit:
Won in millions):
Development cost
Industrial
property rights
Others
Construction in
progress
Membership
Total
(*)
76
7,829
30
11,041
20,971
74,664
43,613
96
49,033
(4,384)
(123)
Ending
balance
35,136
-
(30)
(2,547)
46
5,312
-
(11,743)
50,270
21,067
111,831
123 million of construction in progress is reclassified to fixtures and equipment (see Note 8).
Development cost
Industrial
property rights
Others
Construction in
progress
Membership
Total
(*)
Beginning
balance
34,747
Nine months ended September 30, 2013
Reclassification
Acquisition (*)
Disposal
Amortization
5,294
4,261
(9,166)
Beginning
balance
36,656
Nine months ended September 30, 2012
Reclassification
Acquisition (*)
Disposal
Amortization
3,538
873
(7,790)
116
11,369
2,101
22,734
72,976
-
Ending
balance
33,277
-
3,734
7,272
-
(30)
(2,664)
86
8,705
(1,676)
(803)
(1,250)
(1,250)
(10,484)
4,159
21,484
67,711
803 million of construction in progress is reclassified to advanced payments.
10. ASSETS PLEDGED AS COLLATERAL:
Land and buildings amounting to 943 million are provided as collateral for leasehold deposit received as of
September 30, 2013.
11. BORROWINGS:
Borrowings as of September 30, 2013, and December 31, 2012, are as follows (Unit: Won in millions):
Commercial
Papers
Borrowings
Borrowed from
Shinhan bank
and two others
Hana bank
and seven others
Annual interest
rates (%)
2.63
3.56–5.55
Maturity
2013.10.04
2013.12.10–
2016.04.01
September 30, 2013 December 31, 2012
60,000
350,000
225,000
285,000
137,500
487,500

20. -9-
12. BONDS PAYABLE:
Bonds payable issued by the Company and outstanding as of September 30, 2013, and December 31, 2012, are
as follows (Unit: Won in millions):
Annual
interest rates (%)
Short-term
debentures
2.91
Current
2.91–6.73,
portion of
1M USD
long-term
LIBOR+0.724
debentures
Long-term
2.77–6.75,
debentures
1M USD LIBOR+1.5
Discounts on bonds
Bonds payable, net
Maturity
September 30, 2013
Par value
Issue price
December 31, 2012
Par value
Issue price
40,000
40,000
170,000
170,000
1,828,940
2013.11.06
1,828,940
1,707,580
1,707,580
4,542,240
4,542,240
(7,277)
6,403,903
4,665,067
4,665,067
(9,471)
6,533,176
2013.10.05–
2014.09.30
2014.10.06–
2019.07.31
The outstanding bonds payable are non-guaranteed corporate bonds, with their principals to be redeemed by
installment or at maturity. Bond issuance costs are recorded as discounts on bonds payable and amortized using
the effective interest rate method.
13. FINANCE LEASE LIABILITIES:
(1) Lease contract
The Company has a three-year finance lease for electronic equipment. The Company has a bargain purchase
option at expiration date of lease contract. The lessor has the legal ownership of the finance lease, whose book
value amounts to 555 million and 1,389 million as of September 30, 2013, and December 31, 2012,
respectively, and which are set as collateral for finance lease obligation.
(2) Finance lease liabilities as of September 30, 2013, and December 31, 2012, are as follows (Unit: Won in
millions):
September 30, 2013
Minimum lease
Present value of
payments minimum lease payments
601
592
Less than 1 year
1–5 years
Present value
discounts
(9)
592
Present value
December 31, 2012
Minimum lease
Present value of
payments
minimum lease payments
1,202
1,154
301
298
(51)
1,452

21. - 10 -
14. RETIREMENT BENEFIT PLAN:
(1) Defined Contribution Plan
The expense recognized in the condensed consolidation statements of comprehensive income related to
postemployment benefit plan under the defined contribution plan for the nine months ended September 30, 2013
and 2012, are as follows (Unit: Won in millions):
September 30, 2013
16
Defined contribution plan
September 30, 2012
6
(2) Defined Benefit Plan
1)
General
The Company operates a defined benefit plan that is linked to final payment. Plan assets mainly consist of
deposits and expose to risk of fall in interest rate.
2)
Net defined benefit obligation
Changes in net defined benefit obligation for the nine months ended September 30, 2013 and 2012, are as
follows (Unit: Won in millions):
For the nine months ended September 30, 2013
Beginning balance
Contributions from
the employer
Current service cost
Interest expense
(income)
The return on plan
assets, excluding
amounts included in
interest income
above
Actuarial gains and
losses arising from
changes in
demographic
assumptions
Actuarial gains and
losses arising from
changes in financial
assumptions
Transfer of employees
between the
Company and its
related companies
Benefits paid
Ending balance
The present
value of the
defined benefit
obligation
44,474
Plan assets
(33,745)
National
pension fund
(34)
Net defined
benefit obligation
10,695
7,165
-
-
7,165
1,113
(812)
-
301
-
(25)
-
(25)
-
-
-
-
(363)
-
-
(363)
(472)
2,235
(32,819)
-
(144)
92
17,721
328
(2,145)
50,572
2
(32)

22. - 11 -
For the nine months ended September 30, 2012
The present
value of the
defined benefit
obligation
37,007
-
Beginning balance
Contributions from the
employer
Current service cost
Interest expense
(income)
The return on plan
assets, excluding
amounts included in
interest income
above
Actuarial gains and
losses arising from
changes in
demographic
assumptions
Actuarial gains and
losses arising from
changes in financial
assumptions
Transfer of employees
between the
Company and its
related companies
Benefits paid
Ending balance
National
pension fund
(37)
-
Plan assets
(19,195)
(4,500)
Net defined
benefit obligation
17,775
(4,500)
6,464
-
-
6,464
1,117
(550)
-
567
(98)
(98)
-
-
-
-
-
2,350
-
-
(1,102)
(2,371)
43,465
603
973
(22,767)
-
-
2,350
(499)
(1,395)
20,664
3
(34)
15. UNEARNED REVENUE:
Details of unearned revenue as of September 30, 2013, and December 31, 2012, are as follows (Unit: Won in
millions):
Customer loyalty program
Membership fee
Others
December 31, 2012
320,328
77,450
52
397,830
September 30, 2013
325,112
76,526
110
401,748
16. PROVISION:
Changes in provisions for the nine months ended September 30, 2013 and 2012, are as follows (Unit: Won in
millions):
September 30, 2013
Beginning
Increase
Ending
Unused
commitment
46,386
1,649
48,035
Point
15,509
3,381
18,890
Others
13,792
1,888
15,680
Total
75,687
6,918
82,605

23. - 12 -
September 30, 2012
Beginning
Increase (decrease)
Ending
Unused
commitment
47,167
4,196
51,363
Point
Others
21,826
(8,328)
13,498
11,240
2,353
13,593
Total
80,233
(1,779)
78,454
The above amounts as of September 30, 2013, include provision for deposits in escrow account of
4,944 million, and provision for pending litigations of 10,736 million, in which provision includes
deposits in escrow account of 4,467 million (see Note 24(3)).
17. DERIVATIVES AND HEDGE ACCOUNTING:
(1) There are no derivative instruments held for trading as of September 30, 2013, and December 31, 2012.
(2) Cash flow hedge
The Company removes the volatility risk of future cash flow of a hedged item, such as borrowings or bonds,
caused by changes in market interest rates or in foreign currency rates, by using derivative instruments, such
as an interest rate swap or currency swap. The Company’s policies and strategies of cash flow hedge are the
same as those as of December 31, 2012.
1) Fair value of cash flow hedge as of September 30, 2013, and December 31, 2012, are as follows (Unit: Won
in millions):
December 31, 2012
September 30, 2013
Contract
Amount
Interest rate
swap
Cross-currency
swap
Total
Asset
Liabilities
Contract
Amount
Asset
Liabilities
1,173,000
2,513
3,585
778,000
901
3,925
860,480
2,033,480
2,513
39,256
42,841
873,092
1,651,092
901
49,630
53,555
For transactions between local currency and foreign currencies, the unsettled contract amount of transaction
is translated applying the basic foreign exchange rate at the end of reporting period to the contract amount in
foreign currencies. For transaction between foreign currencies and other foreign currencies, the unsettled
contract amount is the amounts translated applying the basic foreign exchange rate at the end of reporting
period to the contract amount in foreign currencies purchased.
2) Expected cash flow for cash flow hedge
Maximum potential amounts of future payments for cash flow hedges by the period when the cash flows are
expected to occur and when they are expected to affect income (loss) for the period are as follows (Unit:
Won in millions):
Less than 1 month
1–3 months
3–12 months
1–5 years
September 30, 2013
(1,981)
(9,885)
(21,080)
(22,614)
(55,560)
December 31, 2012
(2,079)
(3,881)
(25,813)
(47,039)
(78,812)

24. - 13 -
18. SHARE CAPITAL:
There was no change in share capital and capital surplus for the nine months ended September 30, 2013.
Meanwhile, Hyundai motor company (“Parent company”) acquired 8,729,750 shares of Hyundai Card Co., Ltd.
from Hyundai Steel Co., Ltd., and the ownership of Parent company increased by 5.44%.
19. RETAINED EARNINGS:
(1) Details of retained earnings as of September 30, 2013, and December 31, 2012, are as follows (Unit: Won in
millions):
Legal reserve (*)
Reserve for bad loans (see Note 21)
Unappropriated retained earnings
September 30, 2013
20,143
611,622
844,183
1,475,948
December 31, 2012
20,143
439,031
889,571
1,348,745
(*) Korean Commercial Code requires a company to appropriate at least 10% of dividends paid as legal
reserve for each fiscal period, until the reserve equals 50% of paid-in capital. This reserve is not
available for payment of cash dividends; however, it can be used to reduce deficit or be transferred to
capital.
(2) Changes in retained earnings for the nine months ended September 30, 2013 and 2012, are as follows (Unit:
Won in millions):
Beginning
Net income attributable to the owners of the Company
Ending
Nine months ended September 30,
2012
2013
1,348,745
1,154,446
127,203
164,072
1,475,948
1,318,518
20. RESERVES:
Changes in reserves for the nine months ended September 30, 2013 and 2012, are as follows (Unit: Won in
millions):
Nine months ended September 30,
2013
2012
(16,504)
(17,813)
Beginning
Cash flow hedging gains
6,035
928
Interest rate swap
1,419
(3,797)
Currency swap
4,616
4,725
Amount reclassified to net income related to cash flow hedge
569
(202)
Interest rate swap
531
Currency swap
38
(202)
Tax effect related to cash flow hedging gains (losses)
(1,581)
(187)
Remeasurements of the net defined benefit liability
388
(2,252)
Tax effect related to remeasurements of the net defined
benefit liability
(94)
545
(11,187)
(18,981)
Ending

25. - 14 -
21. RESERVE FOR BAD LOANS:
Reserve for bad loans is calculated and disclosed according to Article 11, Supervisory Regulation of Specialized
Credit Financial Business.
(1) Details of reserve for bad loans as of September 30, 2013, and December 31, 2012, are as follows (Unit:
Won in millions):
Accumulated reserve for bad loans
Expected (reversal of) reserve for bad loans
Reserve for bad loans
September 30, 2013 December 31, 2012
611,622
439,031
(9,063)
172,591
602,559
611,622
(2) The provision (reversal of) reserve for bad loans and adjusted income after (reversal of) reserve for bad
loans for the nine months ended September 30, 2013 and 2012, are as follows (Unit: Won in millions):
Net income attributable to the owners of the Company
Expected (reversal of) reserve for bad loans
Adjusted income after reserve for bad loans
Nine months ended September 30,
2012
2013
127,203
164,072
20,701
9,063
143,371
136,266

26. - 15 -
22. GENERAL AND ADMINISTRATIVE EXPENSES:
Details of general and administrative expenses for the three months and nine months ended September 30, 2013
and 2012, are as follows (Unit: Won in millions):
PAYROLL
Salaries wage
Pension expenses
Employee benefits
2013
Three months
Nine months
ended
ended
September 30
September 30
29,317
86,565
2,520
7,482
21,224
6,717
38,554
115,271
2012
Three months
Nine months
ended
ended
September 30
September 30
30,380
72,174
2,284
7,037
6,565
21,132
39,229
100,343
2013
Three months
Nine months
ended
ended
September 30
September 30
539
1,760
6,911
18,069
3,400
10,543
6,302
18,928
4,507
17,120
135
444
47
172
476
820
22,118
40,820
618
1,856
2
12
262
329
2,524
5,773
1,131
2,794
2012
Three months
Nine months
ended
ended
September 30
September 30
571
1,850
4,882
15,871
3,018
9,489
7,118
20,704
4,087
11,789
190
486
24
212
171
613
8,902
28,921
465
1,621
3
14
411
699
2,627
6,142
966
3,237
OTHER EXPENSES
Travel expenses
Communication expenses
Post expense
Rental expenses
Taxes due
Repair and maintenance expenses
Insurance premiums
Entertainment expenses
Advertising expenses
Supply expenses
Vehicle maintenance expenses
Periodical expenses
Publication expenses
Training expenses
Electronic data processing
expense
Expense for temporary staff
Professional expenses
Delivery expenses
Commission expenses
Business activities expenses
Depreciation expenses
Amortization expenses
Event expenses
Conference expenses
Building administrative expense
12,017
8,808
40,757
580
5,951
938
7,114
4,069
1,759
88
1,530
132,583
32,975
25,542
110,010
2,131
18,722
2,595
21,040
11,743
2,855
411
4,069
351,533
12,438
8,612
41,272
684
6,006
1,125
6,782
3,564
1,958
108
1,584
117,568
28,809
26,818
118,358
2,781
17,945
3,166
20,060
10,484
3,751
305
2,742
336,867

27. - 16 -
23. INCOME TAX FROM CONTINUED OPERATION:
(1) Income tax expense for the nine months ended September 30, 2013 and 2012, are summarized as follows
(Unit: Won in millions):
Nine months ended September 30,
Income tax currently payable
Changes in deferred tax assets by temporary differences (*)
Total
Changes in income tax expense reflected directly in shareholders’
equity
Income tax expense
(*) Ending net deferred tax assets due to temporary differences
Beginning net deferred tax assets due to temporary differences
Changes in net deferred tax assets due to temporary differences
2013
53,398
(6,912)
46,486
2012
55,048
(22,755)
32,293
(1,675)
44,811
142,579
135,667
(6,912)
358
32,651
135,158
112,403
(22,755)
(2) Income tax expenses reflected directly in shareholders’ equity for the nine months ended September 30,
2013, are as follows (Unit: Won in millions):
January 1, 2013
Tax effect related to the cash
flow hedging reserve gains
and losses
Tax effect related to
remeasurements of the net
defined benefit liability
Decrease
September 30, 2013
2,367
(1,581)
786
2,880
5,247
(94)
(1,675)
2,786
3,572
(3) A reconciliation between income before income tax and income tax expense for the nine months ended
September 30, 2013 and 2012, are as follows (Unit: Won in millions):
Income before income tax
Income tax payable by the statutory income tax rates
Tax reconciliations:
Non-deductible expenses
The amount of deductible temporary differences for which
no deferred tax asset is recognized
True-up adjustment (*)
Others
Any adjustments recognized in the period due to current tax of
prior period
Income tax from continued operation
Nine months ended September 30,
2012
2013
172,015
196,723
41,166
47,145
372
(123)
(269)
(20)
3,665
44,811
31
(11,384)
(3,463)
(2,155)
(16,971)
2,477
32,651
(*) True-up adjustment due to difference in the amount disclosed in prior year’s audit report and the actual
tax return amount.

28. - 17 -
24. CONTINGENCIES AND COMMITMENTS:
Contingencies and commitments are the same as those of the consolidated financial statements as of
December 31, 2012, except for the following:
(1) Credit line agreement
a. The following are credit line agreements as of September 30, 2013, and December 31, 2012 (Unit: Won in
millions):
Type
Overdraft limit
Intraday overdraft limit
Financial instruments
Shinhan Bank and
five others
September 30, 2013
-
December 31, 2012
50,000
360,000
280,000
b. Credit facility agreement
The Company entered into a credit facility agreement with GE Capital European Funding & CO (“GECC”)
on February 15, 2013. The credit facility limit that can be used by the Company is Euro equivalent of
USD100 million. In terms of duration, the agreement is renewable for one year from January 2014 until
January 9, 2015, the maturity of the credit facility agreement.
With regard to the credit facility agreement, the Company, GECC, Hyundai Motor Company (“HMC”) and
Kia Motors Corp. (“KMC”) entered into a support agreement with same contract period as of the credit
facility agreement. Under the support agreement, in case that the Company uses the credit facility line, each
of HMC and KMC shall bear an amount equal to 41% and 15% of losses, respectively, which are any
amount of obligations that have not been paid to GECC by the Company or otherwise received or collected
by GECC from the Company.
c. Revolving credit facility agreement
The Company has a revolving credit facility agreement with many financial institutions for credit line as of
September 30, 2013, as follows (Unit: Won in millions):
Financial instruments
Kookmin Bank
Kookmin Bank
Kookmin Bank
NH Bank
Citibank, Seoul
Shinhan Bank
Shinhan Bank
Shinhan Bank
Suhyup Bank
Korea Development Bank
Hana Bank
Standard Chartered Bank
Jeonbuk Bank
Bank of Nova Scotia
Credit line
30,000
130,000
30,000
100,000
50,000
50,000
50,000
50,000
20,000
40,000
100,000
30,000
30,000
50,000
Term
2012-11-07–2013-10-22
2013-02-28–2014-02-28
2013-05-29–2014-05-28
2013-03-29–2014-03-29
2012-12-24–2013-12-24
2013-04-16–2014-04-15
2013-05-31–2014-05-31
2013-06-28–2014-06-28
2013-03-06–2014-03-06
2013-04-19–2014-04-19
2013-02-01–2014-02-01
2013-04-19–2014-04-19
2013-05-28–2014-05-28
2013-07-18–2014-07-18
(2) Pending lawsuits
As of September 30, 2013, the Company is involved in 36 cases ( 132,351 millions) as a defendant and
109 cases ( 12,161 millions) as a plaintiff in the pending lawsuits. The management of the Company does
not anticipate that these pending lawsuits referred above will have a significant effect on the Company’s
consolidated financial statements.

29. - 18 -
(3) Deposit for loss reimbursement
As of September 30, 2013, the Company has deposits of 4,944 million and 4,302 million of proceeds
and interests, respectively, from the sale of Daewoo Engineering & Construction Co., Ltd.’s shares, in an
escrow account and records 4,944 million of provision for proceeds and 4,467 million of provision for
interests from the litigation relating to the sale of Daewoo Engineering & Construction Co., Ltd.’s shares
(see Note 16).
(4) Guarantee
The Company has a performance guarantee from the Seoul Guarantee Insurance Co., Ltd., amounting to
392 million in connection with deferred transportation payment card and others.
(5) Contract of sale of receivables
The Company entered into a contract with Hyundai Capital Services, Inc., relating to its sale of receivables
on January 24, 2006. In accordance with the contract, the Company sells the receivables that are 60 days or
more past due or written off to Hyundai Capital Services, Inc. Such sale occurs five times a month on
designated cutoff dates at the amount calculated using a predetermined price pursuant to the contract.
25. TRANSFERS OF FINANCIAL ASSETS:
The Parent transferred its card assets to special-purpose companies (“SPCs”) for asset securitization and
SPCs issued Asset-Backed Securities (“ABSs”). The ABSs are collateralized by card assets as underlying
assets. All of the transferred financial assets do not qualify for derecognition under K-IFRS 1039 because
the Parent has retained substantially all the risks and rewards of ownership of the transferred asset. Therefore,
the Parent continues to recognize the transferred financial assets in the separate financial statements.
The details of ABSs and underlying assets as of September 30, 2013, and December 31, 2012, are as follows
(Unit: Won in millions):
PRIVIA 2nd SPC
PRIVIA 3rd SPC
Discounts on bonds
PRIVIA 2nd SPC
PRIVIA 3rd SPC
Discounts on bonds
Maturity
2014.04.21
2015.07.20
Maturity
2014.04.21
2015.07.20
As of September 30, 2013
Carrying amount
Fair value
Underlying
Senior
Underlying
Senior
asset
tranche
asset
tranche
1,230,242
430,240
1,256,281
430,206
1,208,971
430,240
1,237,238
429,738
(2,075)
858,405
2,493,519
859,944
2,439,213
Net
position
826,075
807,500
1,633,575
As of December 31, 2012
Carrying amount
Underlying
Senior
Underlying
asset
tranche
asset
1,055,990
428,440
1,074,693
1,038,539
428,440
1,058,068
(3,589)
853,291
2,132,761
2,094,529
Net
position
646,533
630,117
1,276,650
Fair value
Senior
tranche
428,160
427,951
856,111

30. - 19 -
26. TRANSACTION WITH RELATED PARTIES:
(1) Status of related parties
Related parties consist of entities related to the Company, postemployment benefits, a key management
personnel and a close member of that person’s family, an entity controlled or jointly controlled and an
entity influenced significantly.
Details of related parties as of September 30, 2013, are as follows:
Companies
Hyundai Motor Company
GE Capital Int'l Holdings, Green Air, Kia Motor Company, Kia Tigers, Busan
Finance Center AMC, Samwoo, WIA Magna Powertrain, Eukor Car Carriers,
Innocean, Iljin Bearing, Jongro Academy, Chunbuk Hyundai motors FC, Jongro
Eclass, Hyundai Kefico, Korea Credit Bureau, Hankook Economy News,
Haevichi Country Club, Haevichi Hotel & Resort, Hyundai construction,
Hyundai construction human resource development center, Hyundai Glovis,
Hyundai Dymos, Hyundai City Corporation, Hyundai Life Insurance, Hyundai
Rotem, Hyundai Materials, Hyundai Metia, Hyundai Movis, Hyundai BNG
Steel, Hyundai farm land & development, Hyundai Steel Company, Hyundai
C&I, Hyundai IHL, Hyundai energy, Hyundai engineering, Hyundai NGV,
Hyundai MSEAT, Hyundai MnSoft, Hyundai AMCO, Hyundai Auto Ever
Systems, Hyundai Wistco, Hyundai Wia, Hyundai Engineering & Steel
Industries, Hyundai Architects & Engineers Associates, Hyundai Motors
Electronic Industry, Hyundai Capital, Hyundai Commercial, Hyundai
Powertech, Hyundai Partecs, Hyundai Hysco, HK Saving Bank and HMC
Investment Securities
Parent company
Other related parties
(2) Transaction with related companies for the nine months ended September 30, 2013 and 2012, are as
follows (Unit: Won in millions):
Nine months ended September 30, 2013
Other related
Parent
Total
parties
company
Revenues
Card revenue
Rental revenue
Others
Expense
Card expense
General and
administrative
expense
Others
Others
Purchase of
property and
equipment
Purchase of
intangible
assets
Disposal of
assets
Total
Nine months ended September 30, 2012
Parent
Other related
Total
company
parties
97,670
97,670
59,277
616
22,241
82,134
156,947
616
22,241
179,804
78,095
78,095
41,351
196
28,946
70,493
119,446
196
28,946
148,588
-
30,688
30,688
15
209
224
37,474
38,916
107,078
37,626
38,997
107,311
305
69
389
27,189
41,820
69,218
27,494
41,889
69,607
20,249
20,249
76
13,675
13,751
-
27,060
27,060
-
2,400
2,400
-
280,151
327,460
280,151
327,460
-
268,773
284,848
268,773
284,924
152
81
233
-
76

31. - 20 -
(3) Outstanding receivables, payables and guarantee from transactions with related parties as of September 30,
2013, and December 31, 2012, are as follows (Unit: Won in millions):
September 30, 2013
Other
Parent
related
company
Total
parties
Receivables
Card asset
Others
Allowance for
doubtful accounts
Total
Payables
Accounts payable
Other
Total
72,856
2,128
185,738
3,375
258,594
5,503
(801)
74,183
(2,043)
187,070
(2,844)
261,253
59,237
23
59,260
29,672
(4,239)
25,433
88,909
(4,216)
84,693
December 31, 2012
Other
Parent
related
Total
company
parties
64,580
151
147,800
21,626
212,380
21,777
(710)
64,021
(1,626)
167,800
(2,336)
231,821
87,354
7
87,361
58,060
(5,489)
52,571
145,414
(5,482)
139,932
The Company is being provided payment guarantees to GECC through credit facility agreement by HMC
and KMC (see Note 24(1)).
(4) Granting of credit with related parties
Granting of credit with related parties as of September 30, 2013, is as follows (Unit: Won in millions):
Grantor
Parent
Hyundai Capital
Services, Inc.
Grantee
Hyundai Capital
Services, Inc.
Method
Credit limit
Period
Call loan
300,000
2012.11.1–2013.10.31
Parent
Call loan
300,000
2012.11.1–2013.10.31
Call loan is granted only in case that any grantee demands credit line and there is residual fund, and the
credit line currently is not being used.
(5) Compensation for key management
1) Compensation cost for key management for the nine months ended September 30, 2013, consists of
short-term employee benefit and retirement benefit.
2) Compensation for key management for the nine months ended September 30, 2013 and 2012, consists
of the following (Unit: Won in millions):
Short-term employee benefit
Retirement benefit
Total
For the nine months ended September 30
2013
2012
5,359
4,391
1,806
1,507
6,197
6,866
3) Key management includes directors (including non-executive directors) and members of the audit
committee with significant authority and responsibility over the Company’s plan, direction and control.

32. - 21 -
27. FINANCIAL RISK MANAGEMENT:
(1) General
The Company is exposed to various financial risks, such as credit risk, liquidity risk and market risk
associated with financial instruments. The level of exposure to such risks, objectives of the Company and
its risk management policy and procedures are outlined below. The Company’s risk management strategy
is the same as that of 2012.
(2)
Credit risk
1) Level of exposure to credit risk
The Company’s maximum exposure to credit risk as of September 30, 2013, and December 31, 2012, is
summarized as follows (Unit: Won in millions):
September 30, 2013
December 31, 2012
948,918
824,576
Deposit
Card asset (*1)
9,420,500
9,887,850
Other assets (*1, 2)
173,680
184,554
Unused commitment
32,636,871
32,974,864
43,179,969
43,871,844
Total
(*1) Card asset is stated at book value before allowance for doubtful accounts.
(*2) Other assets consist of accounts payable, unearned income and others.
2) Analysis of credit soundness of financial assets
Credit soundness of card assets neither past due nor impaired as of September 30, 2013, and December
31, 2012, is summarized as follows (Unit: Won in millions):
December 31, 2012
September 30, 2013
Book value
before
allowance
for doubtful
accounts
Retail
Card receivables and
cash advances
Card loans
Corporate
Card receivables
Total
Allowance
for
doubtful
accounts
Book
value
Book value
before
allowance
for doubtful
accounts
Allowance
for
doubtful
accounts
Book
value
6,123,495
2,446,785
(78,767)
(60,514)
6,044,728
2,386,271
6,914,575
2,238,022
(83,591)
(54,810)
6,830,984
2,183,212
522,641
(2,653)
519,988
450,389
(1,905)
448,484
9,092,921
(141,934)
8,950,987
9,602,986
(140,306)
9,462,680

33. - 22 -
Credit quality of card assets past due but not impaired as of September 30, 2013, and December 31,
2012, is summarized as follows (Unit: Won in millions):
September 30, 2013
More than
3 months
-
Less than
1 month
197,412
9,905
207,317
Retail
Corporate
1–2 months
27,619
6,840
34,459
104,766
27,424
75,127
207,317
17,180
5,320
11,959
34,459
-
-
121,946
32,744
87,086
241,776
(7,937)
199,380
(2,627)
31,832
-
-
(10,564)
231,212
Card assets
Card receivables
Cash advances
Card loans
Allowance for doubtful
accounts
Book value
2–3 months
-
Total
225,031
16,745
241,776
December 31, 2012
More than
3 months
-
Less than
1 month
173,994
13,485
187,479
Retail
Corporate
1–2 months
29,994
2,653
32,647
110,097
18,102
59,280
187,479
16,497
4,378
11,772
32,647
-
-
126,594
22,480
71,052
220,126
(7,051)
180,428
(2,879)
29,768
-
-
(9,930)
210,196
Card assets
Card receivables
Cash advances
Card loans
Allowance for doubtful
accounts
Book value
2–3 months
-
Total
203,988
16,138
220,126
Impaired card assets as of September 30, 2013, and December 31, 2012, are summarized as follows
(Unit: Won in millions):
September 30, 2013
December 31, 2012
85,803
64,738
Card assets
Allowance for doubtful accounts
(38,324)
(30,576)
47,479
34,162
Total
3) Concentrations of credit risk
Concentrations of credit risk by industry of corporate loans as of September 30, 2013, and December 31, 2012,
are summarized as follows (Unit: Won in millions):
September 30, 2013
Book value
before
allowance
for doubtful
accounts
Financing
Manufacturing
Service
Public
Others
Total
128,737
191,727
159,511
69
76,191
556,235
Ratio
23.14%
34.47%
28.68%
0.01%
13.70%
100.00%
Allowance
for
doubtful
accounts
(284)
(1,639)
(1,804)
(1,425)
(5,152)
December 31, 2012
Book
value
128,453
190,088
157,707
69
74,766
551,083
Book value
before
allowance
for doubtful
accounts
121,927
161,781
149,343
145
46,434
479,630
Ratio
25.42%
33.73%
31.14%
0.03%
9.68%
100.00%
Allowance
for
doubtful
accounts
(219)
(863)
(1,997)
(1,683)
(4,762)
Book
value
121,708
160,918
147,346
145
44,751
474,868

34. - 23 -
(3) Liquidity risk
The Company’s financial liabilities by residual contractual maturity as of September 30, 2013, and December
31, 2012, are classified as follows (Unit: Won in millions):
Borrowings
Bonds payable
Derivatives liabilities
Other liabilities
Total
Immediate
payment
58,611
58,611
September 30, 2013
Less than
More than
1–5 years
1 year
5 years
220,858
73,178
2,084,120
4,792,147
96,579
33,296
24,976
1,292,949
779
3,631,223
4,891,080
96,579
Total
294,036
6,972,846
58,272
1,352,339
8,677,493
These amounts include all cash inflows, such as interests without discount and other liabilities are composed of
accounts payable, accrued expense, deposit received, finance lease liabilities and guarantee deposit received.
Borrowings
Bonds payable
Derivatives liabilities
Other liabilities
Total
Immediate
payment
42,139
42,139
December 31, 2012
Less than
More than
1–5 years
1 year
5 years
429,738
64,417
2,108,561
4,801,662
230,914
32,147
47,682
1,421,832
192
3,992,278
4,913,953
230,914
Total
494,155
7,141,137
79,829
1,464,163
9,179,284
These amounts include all cash inflows, such as interests without discount and other liabilities are composed of
accounts payable, accrued expense, deposit received, finance lease liabilities and guarantee deposit received.
(4) Market risk
The result of interest rate Value at Risk (VaR) calculated under normal distribution of interest rate risk as
of September 30, 2013, and December 31, 2012, is as follows (Unit: Won in millions):
September 30, 2013
December 31, 2012
6,502
1,197
Interest rate VaR
(5) Capital management
The Parent (specialized credit finance company) must maintain adjusted capital adequacy ratio in
accordance with Specialized Credit financial business and subregulations, and the ratio for the credit card
company must be more than 8%.
This ratio is calculated dividing adjusted capital by adjusted total assets, and all factors are based on
consolidated financial statements.
The Parent maintains an adjusted capital adequacy ratio of more than 8%.

35. - 24 -
28. FINANCIAL ASSETS AND FINANCIAL LIABILITIES:
(1) Fair value of financial assets and liabilities
The fair value of financial assets and financial liabilities as of September 30, 2013, and December 31, 2012,
is summarized as follows (Unit: Won in millions):
September 30, 2013
Book value
Fair value
Assets
Financial assets
Cash and bank
deposit
Investment
financial assets
Card assets
Other assets
Total
Liabilities
Financial liabilities
Borrowings
Bonds payable
Other liabilities
Total
December 31, 2012
Book value
Fair value
948,918
948,918
824,576
824,576
1,767
9,229,678
171,393
10,351,756
1,767
9,698,817
173,879
10,823,381
1,767
9,707,038
182,292
10,715,673
1,767
10,119,434
182,697
11,128,474
285,000
6,403,903
1,395,071
8,083,974
285,516
6,578,251
1,395,061
8,258,828
487,500
6,533,176
1,517,677
8,538,353
488,832
6,740,956
1,517,676
8,747,464
The Company’s valuation techniques and relevant policies with regard to the fair value are the same as
those used for previous year.
(2) Netting on financial assets and financial liabilities
Derivative assets and derivative liabilities recognized by the Company can be set off in accordance with the
future events described in derivative master netting agreements.
The effects of netting agreements as of September 30, 2013, and December 31, 2012, are as follows (Unit:
Won in millions):
September 30, 2013
Related amounts not set off in
the consolidated statement of
financial position
Gross
amounts of
recognized
financial
assets/
liabilities
Financial assets
Derivatives assets
Financial liabilities
Derivatives liabilities
Gross
amounts of
recognized
financial
liabilities/
assets set off
in the
consolidated
statement of
financial
position
Net amounts
of financial
assets/
liabilities
presented
in the
consolidated
statement of
financial
position
Financial
instruments
Cash
collateral
pledged
Net amount
2,513
-
2,513
1,190
-
1,323
42,841
-
42,841
1,190
-
41,651

36. - 25 -
December 31, 2012
Related amounts not set off in
the consolidated statement of
financial position
Gross
amounts of
recognized
financial
assets/
liabilities
Financial assets
Derivatives assets
Financial liabilities
Derivatives liabilities
Gross
amounts of
recognized
financial
liabilities/
assets set off
in the
consolidated
statement of
financial
position
Net amounts
of financial
assets/
liabilities
presented
in the
consolidated
statement of
financial
position
Financial
instruments
Cash
collateral
pledged
Net amount
901
-
901
219
-
682
53,555
-
53,555
219
-
53,336
(3) Fair value hierarchy
All financial instruments at fair value are categorized into three fair value hierarchy levels. The method of
categorizing fair value hierarchy levels is the same as the one used for previous year.
The table below provides the Company’s financial assets and financial liabilities recorded at fair value in
the condensed consolidated statements of financial position as of September 30, 2013, and December 31,
2012 (Unit: Won in millions):
September 30, 2013
Book value
Financial assets
Derivatives assets
Financial liabilities
Derivatives liabilities
Fair value
Level 1
Level 2
Level 3
2,513
2,513
-
2,513
-
42,841
42,841
-
42,841
-
December 31, 2012
Book value
Financial assets
Derivatives assets
Financial liabilities
Derivatives liabilities
Fair value
Level 1
Level 2
Level 3
901
901
-
901
-
53,555
53,555
-
53,555
-
The table below provides the Company’s financial assets and financial liabilities that are carried at cost
since the fair values of the financial instruments are not readily determinable in the condensed consolidated
statements of financial position as of September 30, 2013, and December 31, 2012 (Unit: Won in millions):
As of September 30, 2013
Investment financial assets
Financial assets AFS (*)
1,767
As of December 31, 2012
1,767
(*) Financial assets AFS are unlisted equity securities and recorded at cost since they do not have quoted
prices in an active market and the fair values are not measured with reliability.
(4) The Company recognizes the transfers on the date of the event of change in circumstances that caused the
transfers.

37. - 26 -
(5) Valuation techniques and inputs used in measuring financial assets and financial liabilities categorized
within Level 2
- Derivative assets and derivative liabilities
Derivative assets and derivative liabilities consist of currency swaps and interest rate swaps.
Fair value of a currency swap is measured using reporting period-end’s forward exchange rate whose term
is the same as residual period to maturity of the currency swap. In case that the forward exchange rate
whose term is matched to the residual period to maturity is not disclosed in the market, the forward
exchange rate is assumed by interpolating using announced forward exchange rates by terms. Discount rate
used in measuring fair value of a currency swap is a yield curve deducted by announced interest rate in the
market.
Discount rate and forward interest rate used in measuring fair value of an interest rate swap is determined
based on a yield curve deducted by announced rates in the market as of reporting period-end. The fair value
of an interest rate swap is measured by discounting future cash flows assumed using the forward interest
rate above.
The inputs measuring a currency swap and an interest rate swap are deducted by observable forward
exchange rates and yield curves in the market as of reporting period-end. Therefore, the Company classifies
a currency swap and an interest rate swap as Level 2 in fair value hierarchy.
(6) There are no significant changes in business environment or economic environment that affect fair values
of financial assets and financial liabilities held by the Company as of September 30, 2013.
(7) Book value of financial assets and financial liabilities
The table below provides book value by category of financial assets and financial liabilities recorded at fair
value in the consolidated statements of financial position as of September 30, 2013, and December 31,
2012 (Unit: Won in millions):
September 30, 2013
Financial assets at
fair value through profit
or loss (“FVTPL”)
Designated
at
FVTPL
Trading
Financial assets
Cash and bank
deposit
Investment financial
assets
Card assets
Other assets
Total
Loans and
receivables
-
-
948,918
-
-
9,229,678
168,880
10,347,476
Financial
assets
AFS
Hedging
derivatives
-
Total
-
1,767
1,767
2,513
2,513
948,918
1,767
9,229,678
171,393
10,351,756
September 30, 2013
Financial liabilities at
FVTPL
Designated
at
Trading
FVTPL
Financial liabilities
Borrowings
Bonds payable
Other liabilities
Total
-
-
Amortized
cost
285,000
6,403,903
1,352,230
8,041,133
Hedging
derivatives
42,841
42,841
Total
285,000
6,403,903
1,395,071
8,083,974

38. - 27 -
December 31, 2012
Financial assets at
FVTPL
Designated
at
FVTPL
Trading
Financial assets
Cash and bank
deposit
Investment financial
assets
Card assets
Other assets
Total
Financial
assets
AFS
Loans and
receivables
-
-
824,576
-
-
9,707,038
181,391
10,713,005
Hedging
derivatives
-
Total
-
1,767
1,767
824,576
901
901
1,767
9,707,038
182,292
10,715,673
December 31, 2012
Financial liabilities at
FVTPL
Designated
at
Trading
FVTPL
Financial liabilities
Borrowings
Bonds payable
Other liabilities
Total
-
Amortized
cost
-
Hedging
derivatives
487,500
6,533,176
1,464,122
8,484,798
Total
53,555
53,555
487,500
6,533,176
1,517,677
8,538,353
(8) Net profit or loss of financial instruments by categories
Net profit or loss of financial instruments by categories for the nine months ended September 30, 2013 and
2012, is as follows (Unit: Won in million):
September 30, 2013
Interest
income
Financial assets
Loans and
receivables
Financial
assets AFS
Hedging
derivatives
Financial
liabilities
Financial
liabilities at
amortized
cost
Hedging
derivatives
Total
Interest
expense
Card
revenue
15,214
-
-
-
-
-
-
-
-
-
-
233,872
-
15,214
233,872
1,823,717
Card
expenses
1,823,717
767,313
(Reversal
of)
Impairment
loss
-
Valuation
gain (loss)
Disposal
gain (loss)
Foreign
currency
translation
gain (loss)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(3,600)
767,313
-
807
807
(3,562)
81
81
3,600
3,600
38
Foreign
exchange
gain (loss)
6,235
6,235

39. - 28 -
September 30, 2012
Interest
income
Financial assets
Loans and
receivables
Financial
assets AFS
Hedging
derivatives
Financial
liabilities
Financial
liabilities at
amortized
cost
Hedging
derivatives
Total
Interest
expense
Card
revenue
Card
expenses
16,085
-
1,779,520
-
-
-
-
-
-
-
-
-
259,203
-
-
16,085
259,203
(Reversal
of)
Impairment
loss
1,779,520
776,087
-
Valuation
gain (loss)
Disposal
gain (loss)
Foreign
currency
translation
gain (loss)
-
-
28,681
-
-
-
-
-
(799)
-
-
-
-
134
776,087
Foreign
exchange
gain (loss)
134
(16,921)
(16,921)
(799)
5,712
799
(11,768)
-
16,913
6,511
29. NET INTEREST INCOME (EXPENSES):
Net interest expenses for the three months and nine months ended September 30, 2013 and 2012, are as follows
(Unit: Won in millions):
2012
2013
Three months
ended
September 30.
Interest income
Cash and bank
deposit
Others
Total
Interest expenses
Borrowings
Bonds payable
Others
Total
Net interest
expenses
Nine months
ended
September 30.
Three months
ended
September 30.
Nine months
ended
September 30.
4,381
311
4,692
13,873
1,341
15,214
5,203
835
6,038
14,085
2,000
16,085
4,186
72,673
25
76,884
14,561
219,188
123
233,872
6,117
79,793
52
85,962
19,637
239,404
162
259,203
(72,192)
(218,658)
(79,924)
(243,118)

40. - 29 -
30. NET COMMISSION INCOME:
Net commission income for the three months and nine months ended September 30, 2013 and 2012, is as follows
(Unit: Won in millions):
2012
2013
Three months
ended
September 30.
Commission income
Card assets
Total
Commission expense
Service fee
Financial payment fee
A new credit sale handling
fee
Merchants co-payment fee
Overseas payment fee
Other
Total
Net commission income
Nine months
ended
September 30.
Three months
ended
September 30.
Nine months
ended
September 30.
378,125
378,125
1,136,196
1,136,196
377,839
377,839
1,125,264
1,125,264
133,699
2,900
33,682
423,140
8,824
120,151
135,713
3,292
32,610
408,828
9,831
93,790
15
9,773
12,833
192,902
185,223
45
35,679
37,584
625,423
510,773
21
11,896
9,104
192,636
185,203
65
30,290
24,837
567,641
557,623
31. OTHER OPERATING REVENUE AND OTHER OPERATING EXPENSES:
Other operating income and other operating expenses for the three months and nine months ended September 30,
2013 and 2012, are as follows (Unit: Won in millions):
2012
2013
Three months
ended
September 30.
Other operating revenue
Foreign exchange gain
Foreign currency
translation gain
Gain on derivative
transactions
Gain on valuation of
derivatives
Others
Total
Nine months
ended
September 30.
3,079
9,095
-
807
(60,459)
5,048
(51,525)
Nine months
ended
September 30.
3,600
23,046
36,548
2,364
7,804
16,916
807
Three months
ended
September 30.
16,929
-
-
(11,768)
14,794
22,306
38,369
63,102
2012
2013
Three months
ended
September 30.
Other operating expenses
Foreign exchange loss
Foreign currency
translation loss
Loss on derivative
transactions
Loss on valuation of
derivatives
Others
Total
Nine months
ended
September 30.
Three months
ended
September 30.
Nine months
ended
September 30.
1,332
2,860
387
1,293
(60,459)
3,562
10,219
(48,908)
51,979
58,401
(11,757)
16
-
799
16,921
6,910
12,461
16,921
23,100
42,129