20152 q카드검토보고서영문

HYUNDAI CARD CO., LTD. AND ITS
SUBSIDIARIES
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2015, AND DECEMBER 31, 2014,
AND FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2015
AND 2014
ATTACHMENT: INDEPENDENT ACCOUNTANTS’ REVIEW REPORT
Hyundai Card Co., Ltd.

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Independent Accountants’ Review Report
English Translation of a Report Originally Issued in Korean
To the Shareholders and Board of Directors of
Hyundai Card Co., Ltd.:
We have reviewed the accompanying condensed consolidated financial statements of Hyundai Card Co., Ltd., and
its subsidiaries (collectively, the “Consolidated Entity”). The condensed consolidated financial statements consist of
the condensed consolidated statements of financial position as of June 30, 2015, and the related condensed
consolidated statements of comprehensive income for the three months and six months ended June 30, 2015 and
2014, the related condensed consolidated statements of changes in shareholders’ equity and the related condensed
consolidated statements of cash flows for the six months ended June 30, 2015 and 2014, and a summary of
significant accounting policies and other explanatory information.
Management’s responsibility for the condensed consolidated financial statements
The Consolidated Entity’s management is responsible for the preparation and fair presentation of the accompanying
condensed consolidated financial statements and for such internal control as management determines is necessary to
enable the preparation of condensed consolidated financial statements that are free from material misstatement,
whether due to fraud or error.
Independent accountants’ responsibility
Our responsibility is to express a conclusion on the accompanying condensed consolidated financial statements
based on our reviews.
We conducted our reviews in accordance with standards for review of interim financial statements in the Republic
of Korea. A review is limited primarily to inquiries of company personnel and analytical procedures applied to
financial data, and this provides less assurance than an audit. We have not performed an audit, and accordingly, we
do not express an audit opinion.
Review conclusion
Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying
condensed consolidated financial statements of the Consolidated Entity are not presented fairly, in all material
respects, in accordance with Korean International Financial Reporting Standards (K-IFRS) 1034, Interim
Financial Reporting.

Others
We audited the consolidated statement of financial position as of December 31, 2014, and the related consolidated
statement of comprehensive income, consolidated statement of changes in shareholders’ equity and consolidated
statement of cash flows for the year ended December 31, 2014 (not presented in the accompanying condensed
consolidated financial statements), respectively, all expressed in Korean won, in accordance with auditing standards
generally accepted in the Republic of Korea. We expressed an unqualified opinion on those consolidated financial
statements in our independent auditors’ report dated March 3, 2015. The consolidated statement of financial position
as of December 31, 2014, presented as a comparative purpose in the accompanying condensed consolidated
financial statements does not differ, in all material respects, from the audited consolidated statement of financial
position as of December 31, 2014.
August 12, 2015
Notice to Readers
This report is effective as of August 12, 2015, the accountants’ review report date. Certain subsequent events or
circumstances may have occurred between the accountants’ review report date and the time the accountants’ review
report is read. Such events or circumstances could significantly affect the condensed consolidated financial
statements and may result in modifications to the accountants’ review report.

HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
(the “Consolidated Entity”)
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2015, AND DECEMBER 31, 2014,
AND FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2015
AND 2014
The accompanying condensed consolidated financial statements, including all footnote disclosures, were
prepared by, and are the responsibility of, the management of the Consolidated Entity.
Chung, Tae Young
Chief Executive Officer
Hyundai Card Co., Ltd.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF JUNE 30, 2015, AND DECEMBER 31, 2014
(Unit: Korean won)
June 30, 2015 December 31, 2014
ASSETS:
CASH AND DEPOSITS (Notes 4 and 28):
Cash and cash equivalents (Note 23) ￦ 407,300,237,618 ￦ 167,697,056,564
Deposits 33,028,250,000 33,028,250,000
Total cash and deposits 440,328,487,618 200,725,306,564
SECURITIES (Notes 5 and 28):
Trading securities 532,368,766,240 739,004,232,776
Available-for-sale (AFS) securities 1,766,969,764 1,766,969,764
Total securities 534,135,736,004 740,771,202,540
CARD ASSETS (Notes 6, 7, 26 and 28):
Card receivables, net of present value discounts and
deferred origination cost and fee 6,588,047,590,492 6,901,493,380,783
Allowance for doubtful accounts (66,705,519,656) (71,521,933,866)
Cash advances 784,581,100,350 837,547,597,115
Card loans, net of present value discounts 3,071,629,362,687 3,046,695,716,404
Total card assets 10,212,822,162,378 10,549,896,972,421
PROPERTY, PLANT AND EQUIPMENT (Note 8):
Land 139,018,599,253 138,257,299,573
Buildings 112,438,229,639 113,265,523,657
Accumulated depreciation (10,197,177,198) (8,792,114,539)
Vehicles 2,514,088,391 2,590,262,299
Accumulated depreciation (161,456,191) (125,949,719)
Fixtures and equipment 217,837,819,055 211,900,465,338
Accumulated depreciation (139,579,122,984) (124,045,253,624)
Construction in progress 35,574,405,861 23,380,082,412
Total property, plant and equipment 357,445,385,826 356,430,315,397
OTHER ASSETS:
Other accounts receivable (Note 28) 151,836,762,518 116,605,521,297
Allowance for doubtful accounts (Notes 7 and 28) (464,343,731) (611,019,783)
Accrued revenue (Note 28) 47,907,290,193 50,756,921,220
Allowance for doubtful accounts (Notes 7 and 28) (1,192,298,237) (1,348,989,201)
Advance payments 12,087,295,448 14,223,977,849
Allowance for doubtful accounts (Note 7) (176,507,712) (650,322,306)
Prepaid expenses 47,702,001,671 45,029,725,258
Intangible assets (Note 9) 126,630,770,159 133,667,230,921
Derivative assets (Notes 13, 27 and 28) 15,350,911,556 8,739,491,485
Deferred income tax assets (Note 20) 149,805,160,559 149,460,296,801
Guarantee deposits (Notes 4 and 28) 31,351,732,987 31,048,421,043
Others 3,039,635,558 2,674,605,943
Total other assets 583,878,410,969 549,595,860,527
Total Assets ￦ 12,128,610,182,795 ￦12,397,419,657,449
(Continued)

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)
AS OF JUNE 30, 2015, AND DECEMBER 31, 2014
(Unit: Korean won)
June 30, 2015 December 31, 2014
LIABILITIES:
BORROWINGS (Notes 10, 26 and 28):
Borrowings ￦ 200,000,000,000 ￦ 200,000,000,000
Debenture, net of discounts 7,309,633,255,554 7,730,126,733,953
Total borrowings 7,509,633,255,554 7,930,126,733,953
OTHER LIABILITIES:
Accounts payable (Note 28) 1,024,209,210,351 1,001,186,223,971
Accrued expenses (Note 28) 222,350,641,447 214,281,445,423
Unearned revenue 356,270,342,069 364,854,106,867
Withholdings (Note 28) 171,670,292,984 146,547,177,277
Derivative liabilities (Notes 13, 27 and 28) 21,880,910,514 30,922,252,463
Current tax liability 31,832,725,222 42,028,995,360
Net defined benefit liability (Note 11) 30,078,442,928 19,884,606,576
Guarantee deposits received (Note 28) 8,906,611,308 8,652,184,880
Provisions (Notes 12 and 24) 90,076,419,777 83,555,104,835
Total other liabilities 1,957,275,596,600 1,911,912,097,652
Total liabilities 9,466,908,852,154 9,842,038,831,605
SHAREHOLDERS’ EQUITY:
Capital stock 802,326,430,000 802,326,430,000
Capital surplus 57,704,443,955 57,704,443,955
Accumulated other comprehensive loss (Note 22) (44,624,548,642) (40,118,183,826)
Retained earnings (Notes 14 and 15) 1,846,295,005,328 1,735,468,135,715
Total shareholders’ equity 2,661,701,330,641 2,555,380,825,844
Total Liabilities and Shareholders’ Equity ￦ 12,128,610,182,795 ￦12,397,419,657,449
(Concluded)
See accompanying notes.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2015 AND 2014
(Unit: Korean won)
2015 2014
Three months
ended June 30
Six months
ended June 30
Three months
ended June 30
Six months
ended June 30
OPERATING REVENUE:
Card income (Note 17) ￦ 621,298,977,061 ￦ 1,242,127,875,223 ￦ 621,438,626,586 ￦ 1,241,329,994,079
Interest income (Note 16) 4,583,049,323 10,875,934,226 6,458,684,533 11,565,651,102
Gain on valuation and disposal of securities 362,255,755 581,393,022 - 30,307,300
Dividends income - 146,989,275 - 172,578,278
Reversal of provision for unused credit limits (Note 12) - - 350,463,106 1,004,104,382
Other operating revenue (Note 18) 19,492,740,008 33,405,419,759 31,619,155,860 48,105,017,753
Total operating revenue 645,737,022,147 1,287,137,611,505 659,866,930,085 1,302,207,652,894
OPERATING EXPENSES:
Card expenses (Note 17) 273,244,263,553 529,261,124,964 260,400,955,128 498,352,299,536
Interest expenses (Note 16) 68,601,626,541 140,825,077,623 77,315,962,435 153,565,525,136
General and administrative expenses (Note 19) 169,717,352,969 332,686,668,022 158,996,673,794 300,349,752,436
Securitization expenses 99,287,436 180,349,207 79,076,586 195,767,485
Bad debt expenses and losses on disposal of loans
(Note 7) 50,509,314,482 105,949,055,202 66,148,962,194 126,286,972,131
Transfer to provision for unused credit limits (Note 12) 476,442,008 1,219,576,870 - -
Other operating expenses (Note 18) 18,652,342,153 31,954,362,562 25,230,177,876 44,256,657,557
Total operating expenses 581,300,629,142 1,142,076,214,450 588,171,808,013 1,123,006,974,281
OPERATING INCOME 64,436,393,005 145,061,397,055 71,695,122,072 179,200,678,613
NON-OPERATING INCOME:
Gain from sale of property, plant and equipment and
intangible assets 9,012,873 28,818,303 12,333,000 12,333,000
Reversal of impairment loss for intangible assets
(Note 9) - - - 6,262,020
Rental revenue 403,305,118 780,985,962 420,783,993 881,936,301
Miscellaneous gain 70,148,064 131,333,388 64,977,638 118,298,015
Total non-operating income 482,466,055 941,137,653 498,094,631 1,018,829,336
NON-OPERATING EXPENSES:
Donations 537,176,650 704,978,650 278,521,471 453,178,146
Loss from sale of property and equipment and intangible
assets 51,505,049 1,260,030,580 1,588,122 19,338,263
Miscellaneous loss - - 4,570,950 4,570,950
Total non-operation expenses 588,681,699 1,965,009,230 284,680,543 477,087,359
NET INCOME BEFORE INCOME TAX EXPENSE 64,330,177,361 144,037,525,478 71,908,536,160 179,742,420,590
INCOME TAX EXPENSE (Note 20) 15,670,628,458 33,210,655,865 17,427,412,675 42,784,393,412
NET INCOME ￦ 48,659,548,903 ￦ 110,826,869,613 ￦ 54,481,123,485 ￦ 136,958,027,178
(Continued)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)
(Unit: Korean won)
2015 2014
Three months
ended June 30
Six months
ended June 30
Three months
ended June 30
Six months
ended June 30
OTHER COMPREHENSIVE INCOME (LOSS),
NET OF TAX (Note 22)
Items not reclassified subsequently to profit or loss ￦ 265,991,145 ￦ (2,980,306,936) ￦ (8,391,757,547) ￦ (8,980,874,682)
Remeasurements of net defined benefit liability 265,991,145 (2,980,306,936) (8,391,757,547) (8,980,874,682)
Items reclassified subsequently to profit or loss 2,651,137,369 (1,526,057,880) (7,351,256,487) (8,561,295,260)
Cash flow hedging income (loss) 2,651,137,369 (1,526,057,880) (7,351,256,487) (8,561,295,260)
Total other comprehensive income (loss) 2,917,128,514 (4,506,364,816) (15,743,014,034) (17,542,169,942)
TOTAL COMPREHENSIVE INCOME ￦ 51,576,677,417 ￦ 106,320,504,797 ￦ 38,738,109,451 ￦ 119,415,857,236
EARNINGS PER SHARE (Note 21)
Basic earnings per share ￦ 303 ￦ 691 ￦ 340 ￦ 854
Diluted earnings per share ￦ 303 ￦ 691 ￦ 340 ￦ 854
(Concluded)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE SIX MONTHS ENDED JUNE 30, 2015 AND 2014
(Unit: Korean won)
Capital stock
Capital surplus
Retained
earnings TotalPaid-in capital
Other
capital
Accumulated
other
comprehensive
gain (loss)
Balance at January 1, 2014 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ (5,856,733,562) ￦ 1,511,954,114,940 ￦ 2,366,128,255,333
Total comprehensive income (loss)
Net income - - - - 136,958,027,178 136,958,027,178
Other comprehensive income (loss)
Remeasurements of net defined benefit liability - - - (8,980,874,682) - (8,980,874,682)
Cash flow hedging loss - - - (8,561,295,260) - (8,561,295,260)
Balance at June 30, 2014 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ (23,398,903,504) ￦ 1,648,912,142,118 ￦ 2,485,544,112,569
Balance at January 1, 2015 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ (40,118,183,826) ￦ 1,735,468,135,715 ￦ 2,555,380,825,844
Total comprehensive income (loss)
Net income - - - - 110,826,869,613 110,826,869,613
Other comprehensive income (loss)
Remeasurements of net defined benefit liability - - - (2,980,306,936) - (2,980,306,936)
Cash flow hedging loss - - - (1,526,057,880) - (1,526,057,880)
Balance at June 30, 2015 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ (44,624,548,642) ￦ 1,846,295,005,328 ￦ 2,661,701,330,641

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2015 AND 2014
(Unit: Korean won)
Six months ended
June 30, 2015
Six months ended
June 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash generated from operating activities (Note 23) ￦ 872,040,177,727 ￦ 75,353,907,530
Interests received 10,643,721,137 11,424,482,609
Interests paid (129,372,506,333) (142,481,972,475)
Dividends received 146,989,275 172,578,278
Income taxes paid (42,756,320,587) (34,565,580,621)
Net cash provided by (used in) operating activities 710,702,061,219 (90,096,584,679)
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal of AFS securities 114,829,850 30,307,300
Net decrease of bank deposit - 4,550,000
Disposal of property, plant and equipment 45,361,000 23,081,000
Acquisition of property, plant and equipment (26,094,553,551) (23,709,291,935)
Acquisition of intangible assets (10,035,220,856) (21,282,487,961)
Net cash used in investing activities (35,969,583,557) (44,933,841,596)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings 70,000,000,000 2,260,000,000,000
Proceeds from issue of debentures 5,436,270,704,124 3,907,633,846,785
Repayment of borrowings (70,000,000,000) (2,232,500,000,000)
Repayment of debentures (5,871,400,000,732) (3,621,413,330,519)
Net cash provided by (used in) financing activities (435,129,296,608) 313,720,516,266
NET INCREASE IN CASH AND CASH EQUIVALENTS 239,603,181,054 178,690,089,991
CASH AND CASH EQUIVALENTS, BEGINNING OF
THE PERIOD (Note 23) 167,697,056,564 965,455,273,460
CASH AND CASH EQUIVALENTS, END OF THE
PERIOD (Note 23) ￦ 407,300,237,618 ￦ 1,144,145,363,451

NOTES
AS OF JUNE 30, 2015, AND DECEMBER 31, 2014, AND
1. REPORTING ENTITY:
Hyundai Card Co., Ltd. (the “Company” or the “Controlling company”), which is a controlling company in
accordance with Korean International Financial Reporting Standards (K-IFRS) 1110, Consolidated Financial
Statements, is engaged in the credit card business under the Specialized Credit Financial Business Law of
Korea, with its headquarters located at 3, Uisadang-daero, Yeongdeungpo-gu, Seoul. On June 15, 1995, the
Company acquired the credit card business of Korea Credit Circulation Co., Ltd., and on June 16, 1995,
Korean government granted permission to the Company to engage in the credit card business. The Company
operates its business under the Specialized Credit Financial Business Act and other relevant applicable
regulations.
As of June 30, 2015, the Company has approximately 6.28 million card members, 2.26 million registered
merchants and 122 marketing centers and branches.
As of June 30, 2015, the total common stock of the Company is ￦802,326 million. The shareholders of the
Company and its ownerships as of June 30, 2015, and December 31, 2014, are as follows:
Shareholder
June 30, 2015 December 31, 2014
Number of shares
Percentage of
ownership Number of shares
Percentage of
ownership
Hyundai Motor Co., Ltd. 59,301,937 36.96 59,301,937 36.96
Kia Motors Co., Ltd. 18,422,142 11.48 18,422,142 11.48
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
Total 160,465,286 100.00 160,465,286 100.00
(1) Details of the Company’s subsidiaries as of June 30, 2015, and December 31, 2014, are as follows:
Place of
incorporation
and operation
Voting share (%)
Entities Major operation June 30, 2015 December 31, 2014
End of
reporting
period
PRIVIA 3rd SPC Asset securitization Korea 0.9 0.9 January
PRIVIA 4th SPC Asset securitization Korea 0.5 0.5 December
PRIVIA 5th SPC Asset securitization Korea 0.5 0.5 December
Money Market
Trust
Trust business Korea 100 100 -
The above subsidiaries are structured companies as voting rights and other powers do not play a major role in
determining the controlling interest.
The entities are special-purpose entities that were established for the Company’s business activity. The
Company has a power over the entities because the Company involves in the objectives and design of the
entities and exposes itself to risks and rewards of them. Also, all decision-making processes of the entities are
operated in a predetermined way in accordance with provisions and articles of incorporation. The Company is
considered to have an ability to use power as it has a control over the changes of provisions and articles of
incorporation. Therefore, the Company consolidates the entities.
Meanwhile, in the case when derivative contracts with hedging risks arising from debentures for asset
securitization issued by the subsidiaries default, counterparties of the derivative contracts can make a claim to
the Company for fulfillment of agreement.

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2. BASIS OF FINANCIAL STATEMENT PREPARATION AND SIGNIFICANT ACCOUNTING
POLICIES:
(1) Basis of condensed consolidated financial statement preparation
Hyundai Card Co., Ltd., and its subsidiaries’ (collectively, the “Consolidated Entity’s”) condensed
consolidated financial statements for the six months ended June 30, 2015 and 2014, are prepared in accordance
with Korean International Financial Reporting Standards (K-IFRS) 1034, Interim Financial Reporting. It is
necessary to use the annual consolidated financial statements for the year ended December 31, 2014, for the
understanding of the accompanying interim consolidated financial statements.
The Consolidated Entity’s accounting policies applied for the accompanying condensed interim consolidated
financial statements are the same as the policies applied for the preparation of consolidated financial statements
as of and for the year ended December 31, 2014, except for the effects from the introduction of new and revised
accounting standards or interpretations as described below.
1) The Consolidated Entity has newly adopted the following new standards and interpretations that affected
the Consolidated Entity’s accounting policies
Amendments to K-IFRS 1019 – Employee Benefits
The amendments permit the Consolidated Entity to recognize amount of contributions as a reduction in the
service cost in which the related service is rendered if the amount of the contributions is independent of the
number of years of service. The adoption of the amendment has no significant impact on the Consolidated
Entity’s condensed consolidated financial statements.
Annual Improvements to K-IFRS 2010-2012 Cycle
The amendments to K-IFRS 1002 (i) changes the definitions of ‘vesting condition’ and ‘market condition’; and
(ii) add definition for ‘performance condition’ and ‘service condition’ which were previously included within
the definition of ‘vesting condition.’ The amendments to K-IFRS 1103, Business Combinations, clarify the
classification and measurement of the contingent consideration in business combination. The amendments to
K-IFRS 1108 clarify that a reconciliation of the total of the reportable segments’ assets should only be provided
if the segment assets are regularly provided to the chief operating decision maker. The adoption of the
amendment has no significant impact on the Consolidated Entity’s condensed consolidated financial statements.
Annual Improvements to K-IFRS 2011-2013 Cycle
The amendments to K-IFRS 1103 clarify the scope of the portfolio exception for measuring the fair values of
the Consolidated Entity of financial assets and financial liabilities on a net basis includes all contracts that are
within the scope the standard does not apply to the accounting for the formation of all types of joint
arrangement in the financial statements of the joint arrangement itself. The amendments to K-IFRS 1113, Fair
Value Measurements, and K-IFRS 1040, Investment Properties, exist and the adoption of the amendments has
no significant impact on the Consolidated Entity’s condensed consolidated financial statements.
2) The Consolidated Entity has not applied the following K-IFRSs that have been issued but are not yet
effective:
Amendments to K-IFRS 1016 – Property, Plant and Equipment
The amendments to K-IFRS 1016 prohibit the Consolidated Entity from using a revenue-based depreciation
method for items of property, plant and equipment. The amendments are effective for the annual periods
beginning on or after January 1, 2016.
Amendments to K-IFRS 1038 – Intangible Assets
The amendments to K-IFRS 1038 do not allow presumption that revenue is an appropriate basis for the
amortization of intangible assets, which presumption can only be rebutted when the intangible asset is

- 3 -
expressed as a measure of revenue or when it can be demonstrated that revenue and consumption of the
economic benefits of the intangible asset are highly correlated. The amendments apply prospectively for
annual periods beginning on or after January 1, 2016.
Amendments to K-IFRS 1111 – Accounting for Acquisitions of Interests in Joint Operations
The amendments to K-IFRS 1111 provide guidance on how to account for the acquisition of a joint operation
that constitutes a business as defined in K-IFRS 1103, Business Combinations. A joint operator is also required
to disclose the relevant information required by K-IFRS 1103 and other standards for business combinations.
The amendments to K-IFRS 1111 are effective for the annual periods beginning on or after January 1, 2016.
3. SIGNIFICANT ACCOUNTING ESTIMATES AND ASSUMPTIONS:
In the preparation of the Consolidated Entity’s condensed consolidated financial statements, management is
required to make judgments, estimates and assumptions which affect assets, liabilities, revenue and expenses.
Actual results may differ from these estimates.
The significant judgments which management has made about the application of the Consolidated Entity’s
accounting policies and key sources of estimation uncertainty do not differ from those used in preparing the
consolidated financial statements for the year ended December 31, 2014.
4. RESTRICTED FINANCIAL ASSETS:
Details of restricted financial assets as of June 30, 2015, and December 31, 2014, are as follows (Unit: Korean
won in millions):
Type Entity June 30, 2015 December 31, 2014 Restriction
Cash and deposits KB and others ￦ 19 ￦ 19 Guarantee deposits for overdraft
Shinhan Bank and
others 33,000 33,000 Secured deposits
Mirae Asset
Securities 10 10
Social enterprise fund
Other assets Korea Asset
Management
Corporation 6,906 6,885 Escrow account
￦ 39,935 ￦ 39,914
5. SECURITIES:
Securities as of June 30, 2015, and December, 31 2014, are as follows (Unit: Korean won in millions):
June 30, 2015 December 31, 2014
Trading securities
Treasury bonds ￦ 69,437 ￦ 39,137
Corporate bonds 20,156 515,300
Securities 58,045 140,063
Others 384,731 44,504
Subtotal 532,369 739,004
Available-for-sale securities
Unlisted shares investment 1,767 1,767
Total ￦ 534,136 ￦ 740,771

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6. CARD ASSETS:
Details of card assets by customers as of June 30, 2015, and December 31, 2014, are as follows (Unit: Korean
won in millions):
June 30, 2015
Principal
Deferred
origination
cost and fee
Present value
discounts
Allowance for
doubtful
accounts Book value
Card receivables
Households ￦ 6,098,106 ￦ (6,964) ￦ (6,097) ￦ (61,506) ￦ 6,023,539
Corporates 503,003 - - (5,200) 497,803
Cash advances
Households 784,581 - - (28,484) 756,097
Card loans
Households 3,072,363 - (734) (136,246) 2,935,383
Total ￦ 10,458,053 ￦ (6,964) ￦ (6,831) ￦ (231,436) ￦ 10,212,822
December 31, 2014
Principal
Deferred
origination
cost and fee
Present value
discounts
Allowance for
doubtful
accounts Book value
Card receivables
Households ￦ 6,301,454 ￦ (6,761) ￦ (6,644) ￦ (63,711) ￦ 6,224,338
Corporates 613,445 - - (7,811) 605,634
Cash advances
Households 837,548 - - (30,078) 807,470
Card loans
Households 3,047,465 - (770) (134,240) 2,912,455
Total ￦ 10,799,912 ￦ (6,761) ￦ (7,414) ￦ (235,840) ￦ 10,549,897
7. ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Changes in the allowance for doubtful accounts for the six months ended June 30, 2015 and 2014, are as
follows (Unit: Korean won in millions):
Six months ended June 30, 2015
Card receivables Cash advances Card loans Other assets Total
Beginning balance ￦ 71,522 ￦ 30,078 ￦ 134,240 ￦ 2,610 ￦ 238,450
Bad debt expenses (876) (109) (287) - (1,272)
Bad debt recovered 314 417 149 - 880
Disposition and repurchase (11,681) (6,863) (13,888) - (32,432)
Transfer (reversal) of allowance
for doubtful accounts
7,427 4,961 16,032 (777) 27,643
Ending balance ￦ 66,706 ￦ 28,484 ￦ 136,246 ￦ 1,833 ￦ 233,269
Card receivables Cash advances Card loans Other assets Total
Bad debt expenses (1,632) (185) (176) - (1,993)
Bad debt recovered 352 455 155 - 962
Disposition and repurchase (18,414) (10,596) (21,522) - (50,532)
Transfer (reversal) of allowance
for doubtful accounts
16,755 10,316 30,528 (492) 57,107
Ending balance ￦ 67,167 ￦ 31,303 ￦ 112,423 ￦ 2,519 ￦ 213,412

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8. PROPERTY, PLANT AND EQUIPMENT:
Changes in book value of property, plant and equipment for the six months ended June 30, 2015 and 2014, are
as follows (Unit: Korean won in millions):
Beginning
balance Acquisition Reclassification Disposal Depreciation
Ending
balance
Land ￦ 138,257 ￦ 762 ￦ - ￦ - ￦ - ￦ 139,019
Buildings 104,473 24 - (842) (1,414) 102,241
Vehicles 2,464 - - (16) (96) 2,352
Fixtures and equipment 87,856 6,560 2,460 (419) (18,198) 78,259
Construction in progress 23,380 14,256 (2,062) - - 35,574
Total ￦ 356,430 ￦ 21,602 ￦ 398 ￦ (1,277) ￦ (19,708) ￦ 357,445
Beginning
balance Acquisition Reclassification Disposal Depreciation
Ending
balance
Land ￦ 122,012 ￦ 1,613 ￦ 344 ￦ - ￦ - ￦ 123,969
Buildings 72,882 3,716 29,316 - (1,066) 104,848
Vehicles 51 83 - - (13) 121
Fixtures and equipment 53,694 7,855 2,696 (30) (12,800) 51,415
Finance lease assets 278 - - - (278) -
Total ￦ 282,042 ￦ 17,557 ￦ 1,375 ￦ (30) ￦ (14,157) ￦ 286,787
9. INTANGIBLE ASSETS:
Changes in intangible assets for the six months ended June 30, 2015 and 2014, are as follows (Unit: Korean
won in millions):
Beginning
balance Acquisition Reclassification Amortization
Impairment
reversal
Ending
balance
Development cost ￦ 98,710 ￦ 3,947 ￦ 2,050 ￦ (14,245) ￦ - ￦ 90,462
Others 3,199 - - (972) - 2,227
Membership 20,614 - - - - 20,614
Total ￦ 133,667 ￦ 8,646 ￦ (465) ￦ (15,217) ￦ - ￦ 126,631
Beginning
balance Acquisition Reclassification Amortization
Impairment
reversal
Ending
balance
Development cost ￦ 35,434 ￦ 998 ￦ 870 ￦ (6,678) ￦ - ￦ 30,624
Industrial property rights 36 - - (20) - 16
Others 4,505 1,742 - (1,552) - 4,695
Membership 21,156 - (142) - 6 21,020
Total ￦ 127,030 ￦ 16,196 ￦ (1,483) ￦ (8,250) ￦ 6 ￦ 133,499

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10. BORROWINGS:
(1) Details of borrowings as of June 30, 2015, and December 31, 2014, are as follows (Unit: Korean won in
millions):
Lenders
Annual interest
rate (%) Maturity June 30, 2015 December 31, 2014
Short-term borrowings
Borrowings Hana bank
and five others
2.56–3.96
2015.07.20 –
2016.04.20 ￦ 150,000 ￦ 150,000
Current portion of long-
term borrowings
Borrowings SC Bank 3.76 2016.04.01 ￦ 50,000 ￦ -
Long-term borrowings
Borrowings SC Bank 3.76 2016.04.01 ￦ - ￦ 50,000
￦ 200,000 ￦ 200,000
(2) Details of debentures as of June 30, 2015, and December 31, 2014, are as follows (Unit: Korean won in
millions):
Annual interest
rate (%) Maturity June 30, 2015 December 31, 2014
Short-term debentures
1.72-1.86 2015.07.02
￦ 50,000 ￦ -
Discounts on debentures (5) -
Subtotal 49,995 -
Current portion of long-term debentures 2.23–5.60,
1M USD
LIBOR+1.50
2015.07.08 –
2016.06.27
￦ 1,852,940 ￦ 1,922,680
Discounts on debentures
(308) (607)
Subtotal 1,852,632 1,922,073
Long-term debentures 1.79–5.50,
1M USD
LIBOR+0.55
2016.07.15 –
2020.10.29
￦ 5,414,989 ￦ 5,817,768
Discounts on debentures
(7,983) (9,714)
Subtotal 5,407,006 5,808,054
Total ￦ 7,309,633 ￦ 7,730,127
The outstanding debenture is non-guaranteed corporate bonds, with their principals to be redeemed by
installment or at maturity. Bond issuance costs are recorded as discounts on debenture and amortized using the
effective interest rate method.
11. RETIREMENT BENEFIT PLAN:
(1) Defined contribution plan
The expenses recognized in the condensed consolidated statements of comprehensive income related to
postemployment benefit plan under the defined contribution plan for the six months ended June 30, 2015 and
2014, are as follows (Unit: Korean won in millions):
June 30, 2015 June 30, 2014
Defined contribution plan ￦ 37 ￦ 23
(2) Net defined benefit liability
The details of net defined benefit liability as of June 30, 2015, and December 31, 2014, are as follows (Unit:
Korean won in millions):
June 30, 2015 December 31, 2014
Net defined benefit liability ￦ 26,278 ￦ 16,332
Long-term employee benefit 3,800 3,553
Total ￦ 30,078 ￦ 19,885

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(3) Defined Benefit Plan
1) General
The Consolidated Entity operates a defined benefit plan that is linked to final payment. Plan assets mainly
consist of deposits and are exposed to risk of fall in interest rate.
2) Net defined benefit obligation
Changes in present value of net defined benefit obligation for the six months ended June 30, 2015 and 2014,
are as follows (Unit: Korean won in millions):
Present value of the
defined benefit
obligation Plan assets
National Pension
Fund
Net defined benefit
obligation
Beginning balance ￦ 69,739 ￦ (53,378) ￦ (29) ￦ 16,332
Current service cost 6,628 - - 6,628
Interest expense (income) 921 (708) (1) 212
Return on plan assets,
excluding amounts included
in interest income above
- 188 - 188
Actuarial gains and losses
from changes in demographic
assumptions
5 - - 5
from changes in financial
assumptions
1,214 - - 1,214
Actuarial gains and losses from
adjustment of experiences
2,300 - - 2,300
Transfer of employees between
the Consolidated Entity and
its related companies
(73) (57) - (130)
Benefits paid (2,927) 2,452 4 (471)
Ending balance ￦ 77,807 ￦ (51,503) ￦ (26) ￦ 26,278
Present value of the
defined benefit
obligation Plan assets
National Pension
Fund
Net defined benefit
obligation
Beginning balance ￦ 46,404 ￦ (43,006) ￦ (30) ￦ 3,368
Current service cost 4,334 - - 4,334
Interest expense (income) 832 (782) - 50
Return on plan assets,
excluding amounts included
in interest income above
- 264 - 264
from changes in demographic
assumptions
- - - -
from changes in financial
assumptions
2,264 - - 2,264
Actuarial gains and losses from
adjustment of experiences
9,293 - - 9,293
Transfer of employees between
the Consolidated Entity and
its related companies
(4) 324 - 320
Benefits paid (3,807) 2,067 1 (1,739)
Ending balance ￦ 59,316 ￦ (41,133) ￦ (29) ￦ 18,154

- 8 -
(4) Long-Term Employee Benefits
Changes in present value of long-term employee benefits liability for the six months ended June 30, 2015, are
Six months ended
June 30, 2015
Beginning balance ￦ 3,553
Current service cost 217
Interest cost 54
Actuarial gains and losses 117
Benefits paid (141)
Ending balance ￦ 3,800
12. PROVISIONS:
Changes in provisions for the six months ended June 30, 2015 and 2014, are as follows (Unit: Korean won in
millions):
Unused
commitment Point
Asset retirement
obligation Others Total
Increase (decrease) 1,220 6,270 267 (1,236) 6,521
Ending balance ￦ 47,109 ￦ 29,014 ￦ 5,804 ￦ 8,149 ￦ 90,076
Unused
commitment Point Others Total
Beginning balance ￦ 47,497 ￦ 22,944 ￦ 15,880 ￦ 86,321
Increase (decrease) (1,004) 739 (2,246) (2,511)
Ending balance ￦ 46,493 ￦ 23,683 ￦ 13,634 ￦ 83,810
Other provisions include provision for deposits in escrow account and for pending litigations amounting to
￦2,236 million and ￦5,913 million, respectively, as of June 30, 2015. Also, provision for pending litigations
includes the provision related to deposits in escrow account amounting to ￦4,467 million (see Note 24).

- 9 -
13. DERIVATIVES AND HEDGE ACCOUNTING:
(1) There are no derivative instruments held for trading as of June 30, 2015, and December 31, 2014.
(2) Cash flow hedge
The Company removes the volatility risk of future cash flow of a hedged item, such as borrowings, 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, 2014.
1) Fair value of cash flow hedge as of June 30, 2015, and December 31, 2014, are as follows (Unit: Korean
won in millions):
June 30, 2015
Unsettled
contract amount Assets Liabilities
Accumulated other
comprehensive
loss (*1)
Interest rate swap ￦ 1,203,000 ￦ - ￦ 21,779 ￦ (16,663)
Cross-currency swap 400,929 15,351 102 (5,511)
Total ￦ 1,603,929 ￦ 15,351 ￦ 21,881 ￦ (22,174)
December 31, 2014
Unsettled
contract amount Assets Liabilities
Accumulated other
comprehensive
loss (*1)
Interest rate swap ￦ 1,213,000 ￦ 80 ￦ 20,291 ￦ (15,351)
Cross-currency swap 758,448 8,659 10,631 (5,297)
Total ￦ 1,971,448 ￦ 8,739 ￦ 30,922 ￦ (20,648)
(*1) After the effect of corporate income taxes
For transactions between local and foreign currencies, the unsettled contract amount of transaction is translated
by applying the basic foreign exchange rate at the end of reporting period to the contract amount in foreign
currencies. For transactions between foreign currencies and other foreign currencies, the unsettled contract
amount is the amount translated by applying the basic foreign exchange rate at the end of reporting period to
the contract amount in foreign currencies purchased.
2) The maximum period for the Company exposed to the variability in future cash flows arising from
derivatives designated as cash flow hedges is expected to be until March 6, 2019. Meanwhile, there is no
ineffective portion recognized related to cash flow hedge for the six months ended June 30, 2015 and 2014.

- 10 -
14. PLANNED RESERVES FOR BAD LOANS:
(1) Details of planned reserves for bad loans as of June 30, 2015, and December 31, 2014, are as follows (Unit:
June 30, 2015 December 31, 2014
Accumulated reserve for bad loans ￦ 666,023 ￦ 659,761
Transfer(reversal) to planned reserve for bad loans (33,350) 6,262
Reserve for bad loans ￦ 632,673 ￦ 666,023
(2) Transfer (reversal) to planned reserve for bad loans and net income after the reserve provided for the six
months ended June 30, 2015 and 2014, are as follows (Unit: Korean won in millions, except for earnings
per share):
Six months ended June 30
2015 2014
Net income ￦ 110,827 ￦ 136,958
Transfer (reversal) to planned reserve for bad loans (33,350) 17,532
Net income after the planned reserve provided 144,177 119,426
Earnings per share after the planned reserve provided 898 744
15. RETAINED EARNINGS:
(1) Details of retained earnings as of June 30, 2015, and December 31, 2014, are as follows (Unit: Korean won
in millions):
June 30, 2015 December 31, 2014
Legal reserve (*1) ￦ 20,143 ￦ 20,143
Planned reserve for bad loans (Note 14) 666,023 659,761
Unappropriated retained earnings 1,160,129 1,055,564
Total ￦ 1,846,295 ￦ 1,735,468
(*1) 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 six months ended June 30, 2015 and 2014, are as follows (Unit:
2015 2014
Beginning balance ￦ 1,735,468 ￦ 1,511,954
Net income 110,827 136,958
Ending balance ￦ 1,846,295 ￦ 1,648,912

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16. NET INTEREST EXPENSE:
Net interest expense from financial instruments for the three months and six months ended June 30, 2015 and
2015 2014
Three months
ended June 30
Six months
ended June 30
Three months
ended June 30
Six months
ended June 30
Interest income
Cash and deposits ￦ 4,308 ￦ 10,047 ￦ 6,086 ￦ 10,618
Others 275 829 373 948
Total 4,583 10,876 6,459 11,566
Interest expenses
Borrowings 2,057 4,083 3,453 6,433
Debentures 66,568 136,760 73,840 147,102
Others (23) (18) 23 31
Total 68,602 140,825 77,316 153,566
Net interest expenses ￦ (64,019) ￦ (129,949) ￦ (70,857) ￦ (142,000)
17. NET COMMISSION INCOME:
Net commission income (expenses) from financial instruments for the three months and six months ended June
30, 2015 and 2014, is as follows (Unit: Korean won in millions):
2015 2014
Three months
ended June 30
Six months
ended June 30
Three months
ended June 30
Six months
ended June 30
Commission income
Card income ￦ 387,004 ￦ 767,592 ￦ 378,150 ￦ 758,378
Total 387,004 767,592 378,150 758,378
Commission expenses
Service fee 131,985 263,683 128,158 256,478
Financial payment fee 2,332 4,640 2,724 5,332
Handling fee relating to credit
purchase 37,278 75,171 35,528 65,585
Merchants copayment fee 14 27 13 26
Overseas payment fee 10,744 21,261 10,605 20,677
Other 11,431 22,113 12,319 25,137
Total 193,784 386,895 189,347 373,235
Net commission income ￦ 193,220 ￦ 380,697 ￦ 188,803 ￦ 385,143

- 12 -
18. OTHER OPERATING REVENUE AND OTHER OPERATING EXPENSES:
Other operating revenues and expenses for the three months and six months ended June 30, 2015 and 2014, are
2015 2014
Three months
ended June 30
Six months
ended June 30
Three months
ended June 30
Six months
ended June 30
Other operating revenue
Foreign exchange gain ￦ 3,692 ￦ 7,159 ￦ 4,184 ￦ 7,068
Foreign currency translation gain - - 25,669 25,669
Gain on transaction of derivatives (546) 1,653 - 1,460
Gain on valuation of derivatives 5,652 8,881 (6,300) -
Others 10,695 15,712 8,066 13,908
Total ￦ 19,493 ￦ 33,405 ￦ 31,619 ￦ 48,105
Other operating expenses
Foreign exchange loss ￦ 757 ￦ 4,230 ￦ 421 ￦ 2,702
Foreign currency translation loss 5,652 8,881 (6,300) -
Loss on transaction of derivatives - - 1,213 1,213
Loss on valuation of derivatives - - 25,669 25,669
Others 12,243 18,843 4,227 14,673
Total ￦ 18,652 ￦ 31,954 ￦ 25,230 ￦ 44,257

- 13 -
19. GENERAL AND ADMINISTRATIVE EXPENSES:
Details of general and administrative expenses for the three months and six months ended June 30, 2015 and
2015 2014
Three months
ended June 30
Six months
ended June 30
Three months
ended June 30
Six months
ended June 30
Salaries and wages ￦ 43,348 ￦ 88,790 ￦ 35,090 ￦ 63,711
Pension expenses 5,273 8,711 2,205 4,407
Employee benefits 5,709 13,105 5,059 11,874
Travel expenses 657 1,202 690 1,157
Communication expenses 8,807 16,687 6,076 11,965
Posts expenses 4,786 9,558 3,864 9,189
Rental expenses 6,141 12,641 6,069 12,175
Taxes dues 4,079 9,013 3,832 8,666
Repair and maintenance expenses 263 424 175 319
Insurance premiums 61 111 51 76
Entertainment expenses 187 328 195 337
Advertising expenses 9,793 15,548 15,634 21,713
Supply expenses 1,017 1,725 400 834
Vehicle maintenance expenses 3 6 2 7
Periodicals expenses 87 123 36 107
Publication expenses 2,477 4,480 1,943 3,815
Training expenses 1,081 2,500 784 1,926
Electronic data processing expenses 9,884 20,024 11,200 22,472
Expense for temporary staff 1,878 4,128 9,231 18,136
Professional expenses 34,746 66,183 35,403 66,178
Delivery commission 420 840 520 975
Commission expenses 7,853 14,634 6,327 12,427
Business activities expenses 782 1,458 760 1,448
Depreciation expenses 9,670 19,708 7,086 14,157
Amortization expenses 7,552 15,217 4,138 8,250
Event expenses 1,099 1,535 470 592
Conference expenses 125 185 46 86
Building administrative expenses 1,939 3,823 1,711 3,351
Total ￦ 169,717 ￦ 332,687 ￦ 158,997 ￦ 300,350

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20. INCOME TAX EXPENSES:
(1) Income tax expenses for the six months ended June 30, 2015 and 2014, are as follows (Unit: Korean won in
millions):
2015 2014
Income tax currently payable ￦ 32,562 ￦ 39,739
Changes in deferred income tax assets (347) (2,502)
Changes in income tax expense reflected directly in shareholders’ equity 996 5,547
Income tax expense ￦ 33,211 ￦ 42,784
(2) Income tax expenses reflected directly in shareholders’ equity for the six months ended June 30, 2015 and
January 1, 2015 Increase June 30, 2015
Tax effect related to the cash flow hedging reserve loss ￦ 6,537 ￦ 269 ￦ 6,806
Tax effect related to remeasurements of the net defined benefit liability 6,166 727 6,893
Total ￦ 12,703 ￦ 996 ￦ 13,699
January 1, 2014 Increase June 30, 2014
Tax effect related to the cash flow hedging reserve loss ￦ 261 ￦ 2,708 ￦ 2,969
Tax effect related to remeasurements of the net defined benefit liability 1,591 2,839 4,430
Total ￦ 1,852 ￦ 5,547 ￦ 7,399
(3) A reconciliation between income before income tax and income tax expense for the six months ended June
30, 2015 and 2014, is as follows (Unit: Korean won in millions):
2015 2014
Net income before income tax ￦ 144,038 ￦ 179,742
Net income tax payable by the statutory income tax rates (*) 34,395 43,036
Tax reconciliations:
Others (1,184) (252)
Subtotal (1,184) (252)
Income tax expense for continued operation 33,211 42,784
Effective tax rates (income tax/income before income tax) 23.06% 23.80%
(*) Applicable income tax rate: 1) 11% for below ￦200 million, 2) 22% for from ￦200 million to ￦20
billion and 3) 24.2% for above ￦20 billion.

- 15 -
21. EARNINGS PER SHARE:
(1) Basic earnings per share for the three months and six months ended June 30, 2015 and 2014, are as follows
(Unit: Korean won):
2015 2014
Three months
ended June 30
Six months
ended June 30
Three months
ended June 30
Six months
ended June 30
Net income (A) ￦ 48,659,548,903 ￦ 110,826,869,613 ￦ 54,481,123,485 ￦ 136,958,027,178
Weighted-average
number of shares (B) 160,465,286 shares 160,465,286 shares 160,465,286 shares 160,465,286 shares
Net income per share (A/B) ￦ 303 ￦ 691 ￦ 340 ￦ 854
(2) Diluted earnings per share
As there were no discontinued operations during the six months ended June 30, 2015 and 2014, basic earnings
per share are the same as basic earnings per share from continuing operations.
22. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
Changes in accumulated other comprehensive income (loss) for the six months ended June 30, 2015 and 2014,
are as follows (Unit: Korean won in millions):
Changes
Beginning
balance
Reclassification
of profit or loss Other
Income tax
effects
Ending
balance
Gain (loss) on valuation of
derivatives ￦ (20,648) ￦ (213) ￦ (1,582) ￦ 269 ￦ (22,174)
Remeasurements of the net
defined benefit liability (19,470) - (3,707) 727 (22,450)
Total ￦ (40,118) ￦ (213) ￦ (5,289) ￦ 996 ￦ (44,624)
Changes
Beginning
balance
Reclassification
of profit or loss Other
Income tax
effects
Ending
balance
Gain (loss) on valuation of
derivatives ￦ (827) ￦ 344 ￦ (11,613) ￦ 2,708 ￦ (9,388)
Remeasurements of the net
defined benefit liability (5,030) - (11,820) 2,839 (14,011)
Total ￦ (5,857) ￦ 344 ￦ (23,433) ￦ 5,547 ￦ (23,399)

- 16 -
23. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS:
(1) Cash and cash equivalents
Cash and cash equivalents in the condensed consolidated statements of cash flows are as follows (Unit: Korean
won in millions):
June 30, 2015 June 30, 2014
Ordinary deposits ￦ 154,230 ￦ 98,070
Current deposits 92 75
Time deposits 13,200 11,000
Other cash and cash equivalents 239,778 1,035,000
Total ￦ 407,300 ￦ 1,144,145
(2) Cash generated from operating activities
Cash generated from operating activities is as follows (Unit: Korean won in millions):
2015 2014
Net income ￦ 110,827 ￦ 136,958
Adjustments:
Income tax expense 33,211 42,784
Interest income (10,876) (11,566)
Interest expense 140,825 153,566
Dividends received (147) (173)
Bad debt expenses and losses on disposal of receivables 105,949 126,287
Retirement benefits 6,841 4,384
Depreciation expenses 19,708 14,157
Amortization expenses 15,217 8,250
Losses on foreign currency translation 8,881 -
Losses on valuation of derivatives - 25,669
Increase in provision for unused credit limit 1,220 -
Losses from sale of property, plant and equipment and intangible
assets
1,260 19
Sales promotional expenses 16,280 13,839
Increase in provision for others 6,270 2,313
Other operating expenses 854 496
Gains on valuation of trading securities (467) -
Gains on disposal of AFS securities (115) (30)
Gains on foreign currency translation - (25,669)
Gains on valuation of derivatives (8,881) -
Amortization of present value discounts of card assets (17,656) (14,231)
Amortization of deferred origination cost and fee of card assets (11,903) (13,019)
Decrease in provision for unused credit limit - (1,004)
Gains from sale of property, plant and equipment and intangible assets (29) (12)
Reversal of impairment losses for intangible assets - (6)
Decrease in provision for others (1,606) (1,180)
Other operating revenues (13) (30)
Subtotal 304,823 324,844
Changes in operating assets and liabilities:
Decrease in trading securities 207,102 -
Decrease (increase) in card assets 242,980 (327,736)
Decrease (increase) in other financial assets (31,902) 5,875
Increase in other non-financial assets (843) (698)
Decrease in net defined benefit liabilities (601) (1,418)
Increase (decrease) in other financial liabilities 48,238 (47,778)

- 17 -
Decrease in other non-financial liabilities ￦ ( (8,584) ￦ ( (14,693)
Subtotal 456,390 (386,448)
Total ￦ 872,040 ￦ 75,354
24. CONTINGENCIES AND COMMITMENTS:
(1) Credit line agreement
The credit line agreements as of June 30, 2015, and December 31, 2014, are as follows (Unit: Korean won in
millions):
Type Financial instruments June 30, 2015 December 31, 2014
Intraday overdraft limit Shinhan Bank
and 13 others ￦ 552,600 ￦ 552,600
(2) Revolving Credit Facility
As the Consolidated Entity has a revolving credit facility agreement with many financial institutions for credit
line as of June 30, 2015, the Consolidated Entity made a revolving credit facility agreement for ￦490 billion
with Kookmin Bank and 8 others for credit line.
(3) Guarantee
The Consolidated Entity has a performance guarantee from the Seoul Guarantee Insurance Co., Ltd.,
amounting to ￦282 million in connection with deferred transportation payment card and others.
(4) Pending litigations
As of June 30, 2015, the Consolidated Entity is involved in 38 cases (￦46,375 million) as a defendant, 12
cases (￦12,411 million) as a plaintiff and multiple cases for the collection of receivables against a number of
debtors in pending litigations. The Consolidated Entity has recognized ￦5,913 million as other provisions
regarding defendant cases. Except the defendant cases recognized as other provisions, the management of the
Consolidated Entity does not anticipate that these pending litigations referred above will have a significant
effect on the Consolidated Entity’s consolidated financial statements (see Note 12).
(5) Deposit for Loss Reimbursement
As of June 30, 2015, the Consolidated Entity has deposits of ￦2,236 million and ￦4,670 million of proceeds
and interests, respectively, from the sale of Daewoo Engineering & Construction Co., Ltd.’s shares in an
escrow account and records ￦2,236 million and ￦4,467 million for provision of proceeds and interests,
respectively, from the litigation relating to the sale of Daewoo Engineering & Construction Co., Ltd.’s shares
(see Note 12).
(6) Contract of Sale of Receivables
The Consolidated Entity 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 Consolidated Entity sells the receivables
that are 60 days or more past due or written off (partially including receivables that are before 60 days) 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.
(7) Reserve for Loss Reimbursement
The Consolidated Entity has the obligation to reimburse customers for fraudulent credit card activities; the
Consolidated Entity records the expected losses as an accrued expense.

- 18 -
(8) Security on the Receivables Sold Relating to Asset-Backed Securitization
The Consolidated Entity continuously transfers receivables to maintain a certain level of its equity in the
second series beneficiary certificates relating to the asset-backed securitization.
(9) Early Redemption Rule Associated with Asset-Backed Securitization
According to the agreement on the Consolidated Entity’s asset-backed securitization, in order to enhance the
credit level of the asset-backed securities, several provisions are in place as trigger clauses to be used for early
redemption calls, thereby limiting the risk that the investors are exposed to resulting from a change in quality
of the assets in the future. In the event the asset-backed securitization of the Consolidated Entity is in violation
of the applicable trigger clause, the Consolidated Entity is obliged to make early redemption for the asset-
backed securities.
25. TRANSACTION WITH RELATED PARTIES:
(1) Status of related parties
Details of the related parties as of June 30, 2015, are as follows:
Companies
Parent Company Hyundai Motor Company
Other related parties GE Capital Int’l Holdings, HMC Investment Securities, Green Air, Kia Motors,
Kia Tigers, Maintrans Co., Ltd., Busan Finance Center AMC, HL Green Power,
WIA-MAGNA Powertrain, Eukor Car Carriers, Innocean Worldwide, Iljin
Bearing, Chunbuk Hyundai Motors FC, Korea Credit Bureau, Hankook
Economy Daily, Haevichi Resort, Haevichi Country Club, Hyundai
Construction, Hyundai Glovis, Hyundai Dymos, Hyundai City Corporation,
Hyundai Life, Hyundai Rotem, Hyundai Materials, Hyundai Mobis, Hyundai
BNG Steel, Hyundai Farm Land & Development, Hyundai Engineering & Steel
Industries, Hyundai IHL, Hyundai Energy, Hyundai Engineering, Hyundai
NGV, Hyundai MSEAT, Hyundai Auto Ever Systems, Hyundai-autron,
Hyundai WIA, Hyundai Steel Company, HYUNDAI Architects & Engineers
Assoc., Hyundai Capital, Hyundai Commercial, Hyundai KEFICO, Hyundai
Powertech, Hyundai Partecs, and Hyundai Hysco, etc.
(2) Outstanding transactions with the related parties for the six months ended June 30, 2015 and 2014, are as
follows (Unit: Korean won in millions):
Revenues Expenses Others
Card income Rental revenue Others Card expense
General and
administrative
expenses Others
Purchase of
property, plant
and equipment
Purchase of
intangible
assets
Disposal of
assets
Parent Company
Hyundai Motor
Company ￦ 53,478 ￦ - ￦ - ￦ - ￦ 284 ￦ 2 ￦ - ￦ - ￦ -
Other related
parties
Kia Motor
Company
19,141 - - - 7 - - - -
Hyundai Mobis 366 - - - - - - - -
Hyundai
Construction
125 - - - - - 3,823 - -
Hyundai Glovis 161 - - - - - - - -
Hyundai Capital 41 260 11,572 11,435 1,237 13,763 - - 181,718
Others 5,208 505 565 78 28,002 5,105 - 5,627 -
Total ￦ 78,520 ￦ 765 ￦ 12,137 ￦ 11,513 ￦ 29,530 ￦ 18,870 ￦ 3,823 ￦ 5,627 ￦ 181,718

- 19 -
Revenues Expenses Others
Card income Rental revenue Others Card expense
General and
administrative
expenses Others
Purchase of
property and
equipment
Purchase of
intangible
assets
Disposal of
assets
Parent Company
Hyundai Motor
Company ￦ 57,927 ￦ - ￦ - ￦ - ￦ 92 ￦ 33 ￦ - ￦ - ￦ -
Other related
parties
Kia Motor
Company
20,082 - - - 11 13 - - -
Hyundai Mobis 529 - - - - - - - -
Hyundai
Construction
113 - - - 6 - 2,805 - -
Hyundai Glovis 197 - - - - - - - -
Hyundai Capital 33 264 11,989 7,365 1,804 11,331 - - 203,128
Others 7,064 507 607 79 26,961 5,147 - 4,933 -
Total ￦ 85,945 ￦ 771 ￦ 12,596 ￦ 7,444 ￦ 28,874 ￦ 16,524 ￦ 2,805 ￦ 4,933 ￦ 203,128
(3) Receivables and payables from the transactions with the related parties as of June 30, 2015, and December
31, 2014, are as follows (Unit: Korean won in millions):
June 30, 2015
Receivable Payables
Card assets Others Accounts payable Others
Parent Company
Hyundai Motor Company ￦ 56,091 ￦ 2,128 ￦ 49,497 ￦ -
Other related parties
Kia Motor Company 18,334 - 7,827 -
Hyundai Movis 2,059 - 363 -
Hyundai Construction 1,392 - 383 -
Hyundai Glovis 1,778 - - -
Hyundai Capital 122,440 423 1,261 265
Others 29,893 45,898 16,199 526
Total ￦ 231,987 ￦ 48,449 ￦ 75,530 ￦ 791
December 31, 2014
Receivable Payables
Card assets Others Accounts payable Others
Parent Company
Hyundai Motor Company ￦ 68,293 ￦ 2,128 ￦ 51,529 ￦ -
Other related parties
Kia Motor Company 42,731 173 9,075 -
Hyundai Movis 2,864 - 468 -
Hyundai Construction 1,787 - - -
Hyundai Glovis 1,781 - 364 -
Hyundai Capital 126,110 497 599 265
Others 39,385 46,406 17,014 630
Total ￦ 282,951 ￦ 49,204 ￦ 79,049 ￦ 895

- 20 -
(4) Compensation for key management for the six months ended June 30, 2015 and 2014, is as follows (Unit:
2015 2014
Short-term employee benefit ￦ 6,374 ￦ 4,321
Retirement benefit 982 958
Other long-term employee benefit 7 -
Total ￦ 7,363 ￦ 5,279
(5) There were no borrowing transactions with the related parties for the six months ended June 30, 2015 and
2014.
(6) There were no lending transactions with the related parties for the six months ended June 30, 2015 and
2014.
(7) As of June 30, 2015, there are no payment guarantees and collaterals that the Consolidated Entity has
provided for the related parties to finance, and no payment guarantees and collaterals that the Consolidated
Entity has been provided from the related parties.
26. TRANSFERS OF FINANCIAL ASSETS:
The Company transferred its card assets to special-purpose companies (SPCs) for asset securitization and
SPCs-issued 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 Company has retained
substantially all the risks and rewards of ownership of the transferred assets. Therefore, the Company
continues to recognize the transferred financial assets in the separate financial statements. Meanwhile, the
ABSs are included in debentures under the financial statements.
The details of ABSs and underlying assets as of June 30, 2015, and December 31, 2014, are as follows (Unit:
June 30, 2015
Carrying amount Fair value
Maturity
Underlying
asset Senior tranche
Underlying
asset Senior tranche Net position
PRIVIA 3rd SPC 2015.07.20 ￦ 1,169,897 ￦ 74,940 ￦ 1,317,943 ￦ 74,957 ￦ 1,242,986
PRIVIA 4th SPC 2017.07.18 913,685 325,989 1,040,416 326,925 713,491
PRIVIA 5th SPC 2018.02.19 863,746 300,000 915,130 303,201 611,929
Discounts on bonds - (4,070) - - -
Total ￦ 2,947,328 ￦ 696,859 ￦ 3,273,489 ￦ 705,083 ￦ 2,568,406
December 31, 2014
Carrying amount Fair value
Maturity
Underlying
asset Senior tranche
Underlying
asset Senior tranche Net position
PRIVIA 3rd SPC 2015.07.20 ￦ 1,277,386 ￦ 439,680 ￦ 1,388,805 ￦ 440,271 ￦ 948,534
PRIVIA 4th SPC 2017.07.18 829,641 318,768 924,226 319,197 605,029
PRIVIA 5th SPC 2018.02.19 858,317 300,000 877,311 300,042 577,269
Discounts on bonds - (5,334) - - -
Total ￦ 2,965,344 ￦ 1,053,114 ￦ 3,190,342 ￦ 1,059,510 ￦ 2,130,832

- 21 -
27. NETTING ON FINANCIAL ASSETS AND LIABILITIES:
Derivative assets and derivative liabilities recognized by the Consolidated Entity can be set off in accordance
with the future events described in derivative master netting agreements.
The effects of netting agreements as of June 30, 2015, and December 31, 2014, are as follows (Unit: Korean
won in millions):
June 30, 2015
Non-offsetting amount
Recognized
financial assets
and liabilities
Offsetting
amount from
recognized
financial assets
and liabilities
Net amounts
in the
consolidated
statement of
financial
position
Financial
instruments
Cash collateral
received Net amounts
Financial Assets
Derivative assets ￦ 15,351 ￦ - ￦ 15,351 ￦ 102 ￦ - ￦ 15,249
Financial Liabilities
Derivative liabilities 21,881 - 21,881 102 - 21,779
December 31, 2014
Non-offsetting amount
Recognized
financial assets
and liabilities
Offsetting
amount from
recognized
financial assets
and liabilities
Net amounts
in the
consolidated
statement of
financial
position
Financial
instruments
Cash collateral
received Net amounts
Financial Assets
Derivative assets ￦ 8,739 ￦ - ￦ 8,739 ￦ 8,659 ￦ - ￦ 80
Derivative liabilities 30,922 - 30,922 8,659 - 22,263
28. FINANCIAL ASSETS AND LIABILITIES:
(1) The fair value of financial assets and liabilities as of June 30, 2015, and December 31, 2014, is as follows
(Unit: Korean won in millions):
June 30, 2015 December 31, 2014
Book value Fair value Book value Fair value
Assets:
Financial assets
Cash and deposits ￦ 440,328 ￦ 440,328 ￦ 200,725 ￦ 200,725
Investment financial assets 534,136 534,136 740,771 740,771
Card assets 10,212,822 10,770,004 10,549,897 11,136,398
Other financial assets 244,790 244,790 205,190 205,315
Total ￦ 11,432,076 ￦ 11,989,258 ￦ 11,696,583 ￦ 12,283,209
Liabilities:
Financial liabilities
Borrowings ￦ 200,000 ￦ 200,592 ￦ 200,000 ￦ 200,366
Debentures 7,309,633 7,534,529 7,730,127 7,946,435
Other financial liabilities 1,440,878 1,440,878 1,393,751 1,393,764
Total ￦ 8,950,511 ￦ 9,175,999 ￦ 9,323,878 ￦ 9,540,565
The Consolidated Entity’s valuation techniques and relevant policies with regards to the fair value are the same
as those used for the previous period.

- 22 -
(2) 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 the previous period.
The table below provides the Consolidated Entity’s financial assets and liabilities recorded at fair value in the
condensed consolidated statements of financial position as of June 30, 2015, and December 31, 2014 (Unit:
June 30, 2015
Fair value hierarchy
Book value Fair value Level 1 Level 2 Level 3
Financial Assets
Trading securities ￦ 532,369 ￦ 532,369 ￦ - ￦ 532,369 ￦ -
Derivative assets 15,351 15,351 - 15,351 -
Derivative liabilities 21,881 21,881 - 21,881 -
December 31, 2014
Fair value hierarchy
Book value Fair value Level 1 Level 2 Level 3
Financial Assets
Trading securities ￦ 739,004 ￦ 739,004 ￦ - ￦ 739,004 ￦ -
Derivative assets 8,739 8,739 - 8,659 80
Derivative liabilities 30,922 30,922 - 30,922 -
The table below provides the Consolidated Entity’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 June 30, 2015, and December 31, 2014 (Unit: Korean won
in millions):
Description June 30, 2015 December 31, 2014
Investment financial assets
AFS securities (*1) Unlisted equity securities ￦ 1,767 ￦ 1,767
(*1) AFS securities are recorded at cost since they do not have quoted prices in an active market and the fair
values are not reliably measured.
(3) The Consolidated Entity recognizes the transfers on the date of the event of change in circumstances that
caused the transfers.
(4) The following table explains valuation techniques and input variables used in Level 2 or Level 3 fair value
measurement. The valuation techniques and input variables of the financial assets and liabilities, which are
measured at amortized cost, are as follows:
Description Classification
Fair Value
(In Million KRW)
Current / Prior
Fair
Value
Hierarchy
Valuation Techniques
Notable Unobservable Inputs
and Extent
Card Assets Assets 10,770,004 11,136,398 Level 3 DCF model is used to determine
the fair value of card assets. The
fair value is determined by
discounting the expected cash
flows with the market interest
rate considering the
Consolidated Entity’s credit
grade.
Market rate of profit, credit
spread, liquidity premium,
other spread, cost rate per
creditors

- 23 -
Fair Value
(In Million KRW)
Current / Prior
Fair
Value
Hierarchy
and Extent
Leasehold
deposits
provided
Assets 32,389 31,173 Level 2 DCF model is used to determine
the fair value of lease deposits
provided. The fair value is
determined by discounting the
expected cash flows with the
market interest rate considering
the Consolidated Entity’s credit
grade.
other spread
Trading
securities
Assets 532,369 739,004 Level 2 DCF model is used to determine
the fair value of trading
securities. The fair value is
the similar credit grade with the
debt security issuer.
N/A
Borrowings Liabilities 7,735,121 8,146,801 Level 2 DCF model is used to determine
the fair value of borrowings.
The fair value is determined by
discounting the expected cash
flows with the market interest
rate considering the
Consolidated Entity’s credit
grade.
other spread
Leasehold
deposits
received
Liabilities 8,969 8,664 Level 2 DCF model is used to determine
the fair value of lease deposits
received. The fair value is
the Consolidated Entity’s credit
grade.
other spread
Interest Rate
Swap
Liabilities 21,779 20,291 Level 2 Discount rates and forward rates
used to measure fair values of
interest rate swap are
determined based on the
applicable constructed market-
based yield curve. The fair
value is determined by
offsetting the discounted
expected cash flows of interest
rate swap with the
aforementioned forward rates.
N/A
Currency
Swaps
Assets 15,351 8,659 Level 2 Discount rates and forward rates
used to measure fair values of
currency swaps are determined
based on the applicable
constructed market-based yield
curve. The trading base rate in
the morning of the report date is
used as currency swap’s
exchange rate. The fair value is
determined by offsetting the
discounted expected cash flows
of currency swap with the
aforementioned forward rates
and closing price.
Discounted interest rate
purchased, discounted interest
rate sold.
Liabilities 102 10,631

- 24 -
Fair Value
(In Million KRW)
Current / Prior
Fair
Value
Hierarchy
and Extent
Structured
Swaps
Assets - 80 Level 3 Structured Swaps
- Discount curve and expected
interest rates used to determine
the fair value of structured swap
are taken from market-based
swap interest rates as of the
reporting date through snapping.
- The volatility used in
determining the fair value of
structured swaps is taken from
market-based
Cap/Floor/Swaption volatility as
of the reporting date through
snapping.
- Hull and White model is
applied in determining the fair
value of structured swaps.
- The fair value is determined
by discounting the expected
cash flows of structured swaps
with the aforementioned swap
interest rates and volatility.
Volatility of the underlying
assets, discounted interest
rate.
(5) Changes in financial assets and liabilities classified as Level 3 that are measured at fair value for the six
months ended June 30, 2015, and the year ended December 31, 2014, are as follows (Unit: Korean won in
millions):
Beg
Gains/
Losses
Other
Comprehensive
Income (Loss)
Purchases/
Issues
Sales/
Settlements To/From Level 3 End.
Financial Instruments
Derivatives Assets ￦ 80 ￦ - ￦ - ￦ - ￦ (80) ￦ - ￦ -
Year ended December 31, 2014
Beg
Gains/
Losses
Other
Comprehensive
Income (loss)
Purchases/
Issues
Sales/
Settlements To/From Level 3 End.
Financial Instruments
Derivatives Assets ￦280 ￦ - ￦ (200) ￦ - ￦ - ￦ - ￦ 80
(6) There are no significant changes in business or economic environment that affect fair values of financial
assets and liabilities held by the Consolidated Entity as of June 30, 2015.

- 25 -
29. FINANCIAL RISK MANAGEMENT:
The Consolidated Entity is exposed to credit, liquidity and market risks (exchange and rate risk). In order to
manage these factors, the Consolidated Entity operates risk management policies and programs that monitor
closely and respond to each of the risk factors. The Consolidated Entity uses derivatives to manage market
risks.
There was no significant change in the Consolidated Entity’s risk management division and policies after
December 31, 2014.
30. CAPITAL MANAGEMENT:
The Company (specialized credit finance company) must maintain adjusted capital adequacy ratio in
accordance with Specialized Credit Financial Business Law 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 separate
financial statements.
The Company maintains an adjusted capital adequacy ratio over 8%.
The details of adjusted capital adequacy ratio as of June 30, 2015, and December 31, 2014, are as follows (Unit:
June 30, 2015 December 31, 2014
Adjusted total assets (A) ￦ 10,927,727 ￦ 11,272,517
Adjusted total capital (B) 2,198,412 2,047,771
Adjusted capital adequacy ratio (B/A) 20.12% 18.17%

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