3q15hccauditeng

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

Deloitte Anjin LLC
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Member of Deloitte Touche Tohmatsu Limited
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 September 30, 2015, and the related condensed
consolidated statements of comprehensive income for the three months and nine months ended September 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 nine months ended September 30, 2015 and 2014, all
expressed in Korean won, 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), 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.
November 12, 2015
Notice to Readers
This report is effective as of November 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 SEPTEMBER 30, 2015, AND DECEMBER 31, 2014,
AND FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER
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 SEPTEMBER 30, 2015, AND DECEMBER 31, 2014
(Unit: Korean won)
September 30, 2015 December 31, 2014
ASSETS:
CASH AND DEPOSITS (Notes 4 and 28):
Cash and cash equivalents (Note 23) ￦ 993,188,478,837 ￦ 167,697,056,564
Deposits 33,024,500,000 33,028,250,000
Total cash and deposits 1,026,212,978,837 200,725,306,564
SECURITIES (Notes 5 and 28):
Trading securities 563,871,094,807 739,004,232,776
Available-for-sale (“AFS”) securities 1,766,969,764 1,766,969,764
Total securities 565,638,064,571 740,771,202,540
CARD ASSETS (Notes 6, 7, 26 and 28):
Card receivables, net of present value discounts and
deferred origination cost and fee 6,927,765,162,236 6,901,493,380,783
Allowance for doubtful accounts (69,473,354,884) (71,521,933,866)
Cash advances 792,305,824,081 837,547,597,115
Card loans, net of present value discounts 3,148,144,230,035 3,046,695,716,404
Total card assets 10,630,230,136,234 10,549,896,972,421
PROPERTY, PLANT AND EQUIPMENT (Note 8):
Land 139,018,599,253 138,257,299,573
Buildings 118,137,500,539 113,265,523,657
Accumulated depreciation (10,936,501,692) (8,792,114,539)
Vehicles 2,514,088,391 2,590,262,299
Accumulated depreciation (207,774,640) (125,949,719)
Fixtures and equipment 182,748,854,050 211,900,465,338
Accumulated depreciation (119,687,246,693) (124,045,253,624)
Construction in progress 25,417,011,200 23,380,082,412
Total property, plant and equipment 337,004,530,408 356,430,315,397
OTHER ASSETS:
Other accounts receivable (Note 28) 157,607,597,739 116,605,521,297
Allowance for doubtful accounts (Notes 7 and 28) (919,967,711) (611,019,783)
Accrued revenue (Note 28) 47,742,408,636 50,756,921,220
Allowance for doubtful accounts (Notes 7 and 28) (1,275,665,844) (1,348,989,201)
Advance payments 26,911,970,765 14,223,977,849
Allowance for doubtful accounts (Note 7) (924,418,799) (650,322,306)
Prepaid expenses 51,333,031,478 45,029,725,258
Intangible assets (Note 9) 145,716,918,647 133,667,230,921
Derivative assets (Notes 13, 27 and 28) 49,413,131,836 8,739,491,485
Deferred income tax assets (Note 20) 151,183,469,177 149,460,296,801
Guarantee deposits (Notes 4 and 28) 31,804,968,650 31,048,421,043
Others 3,782,969,821 2,674,605,943
Total other assets 662,376,414,395 549,595,860,527
Total Assets ￦ 13,221,462,124,445 ￦12,397,419,657,449
(Continued)

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)
AS OF SEPTEMBER 30, 2015, AND DECEMBER 31, 2014
(Unit: Korean won)
LIABILITIES:
BORROWINGS (Notes 10, 26 and 28):
Borrowings ￦ 420,000,000,000 ￦ 200,000,000,000
Debenture, net of discounts 8,043,009,644,694 7,730,126,733,953
Total borrowings 8,463,009,644,694 7,930,126,733,953
OTHER LIABILITIES:
Accounts payable (Note 28) 1,366,177,143,827 1,001,186,223,971
Accrued expenses (Note 28) 216,242,913,626 214,281,445,423
Unearned revenue 351,053,071,600 364,854,106,867
Withholdings (Note 28) 189,189,722,459 146,547,177,277
Derivative liabilities (Notes 13, 27 and 28) 22,356,390,164 30,922,252,463
Current tax liability 14,867,423,074 42,028,995,360
Net defined benefit liability (Note 11) 36,520,983,208 19,884,606,576
Guarantee deposits received (Note 28) 9,158,595,620 8,652,184,880
Provisions (Notes 12 and 24) 93,209,786,261 83,555,104,835
Total other liabilities 2,298,776,029,839 1,911,912,097,652
Total liabilities 10,761,785,674,533 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 (Notes 13 and 22) (49,157,862,201) (40,118,183,826)
Retained earnings (Notes 14 and 15) 1,648,803,438,158 1,735,468,135,715
Total shareholders’ equity 2,459,676,449,912 2,555,380,825,844
Total Liabilities and Shareholders’ Equity ￦ 13,221,462,124,445 ￦12,397,419,657,449
(Concluded)
See accompanying notes.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2015 AND 2014
(Unit: Korean won)
2015 2014
Three months
ended September 30
Nine months
ended September 30
Three months
ended September 30
Nine months
ended September 30
OPERATING REVENUE:
Card income (Note 17) ￦ 636,882,823,686 ￦ 1,879,010,698,909 ￦ 623,079,735,319 ￦ 1,864,409,729,398
Interest income (Note 16) 4,235,151,233 15,111,085,459 6,529,697,978 18,095,349,080
Gain on valuation and disposal of securities 1,352,874,472 1,934,267,494 31,671,800 61,979,100
Dividends income 137,787,216 284,776,491 148,894,479 321,472,757
Reversal of provision for unused credit limits (Note 12) - - 2,552,018,481 3,556,122,863
Other operating revenue (Note 18) 47,886,490,501 81,291,910,260 (13,653,174,121) 34,451,843,632
Total operating revenue 690,495,127,108 1,977,632,738,613 618,688,843,936 1,920,896,496,830
OPERATING EXPENSES:
Card expenses (Note 17) 288,375,000,754 817,636,125,718 251,215,228,504 749,567,528,040
Interest expenses (Note 16) 67,181,051,842 208,006,129,465 76,698,411,142 230,263,936,278
General and administrative expenses (Note 19) 159,926,160,406 492,612,828,428 156,124,742,197 456,474,494,633
Securitization expenses 94,094,208 274,443,415 69,279,638 265,047,123
Bad debt expenses and losses on disposal of loans
(Note 7) 61,320,961,353 167,270,016,555 61,569,644,160 187,856,616,291
Transfer to provision for unused credit limits (Note 12) 2,400,609,688 3,620,186,558 - -
Other operating expenses (Note 18) 46,016,339,827 77,970,702,389 (16,613,522,693) 27,643,134,864
Total operating expenses 625,314,218,078 1,767,390,432,528 529,063,782,948 1,652,070,757,229
OPERATING INCOME 65,180,909,030 210,242,306,085 89,625,060,988 268,825,739,601
NON-OPERATING INCOME:
Gain from sale of property, plant and equipment and
intangible assets 26,869,145 55,687,448 13,907,544 26,240,544
Reversal of impairment loss for intangible assets
(Note 9) - - - 6,262,020
Rental revenue 374,179,753 1,155,165,715 337,947,270 1,219,883,571
Miscellaneous gain 72,865,303 204,198,691 66,602,612 184,900,627
Total non-operating income 473,914,201 1,415,051,854 418,457,426 1,437,286,762
NON-OPERATING EXPENSES:
Donations 127,916,899 832,895,549 72,371,378 525,549,524
Loss from sale of property and equipment and intangible
assets 95,548,343 1,355,578,923 10,507,924 29,846,187
Miscellaneous loss - - - 4,570,950
Total non-operation expenses 223,465,242 2,188,474,472 82,879,302 559,966,661
NET INCOME BEFORE INCOME TAX EXPENSE 65,431,357,989 209,468,883,467 89,960,639,112 269,703,059,702
INCOME TAX EXPENSE (Note 20) 13,078,474,857 46,289,130,722 21,771,792,975 64,556,186,387
NET INCOME ￦ 52,352,883,132 ￦ 163,179,752,745 ￦ 68,188,846,137 ￦ 205,146,873,315
(Continued)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)
(Unit: Korean won)
2015 2014
Three months
ended September 30
Nine months
ended September 30
Three months
ended September 30
Nine months
ended September 30
OTHER COMPREHENSIVE INCOME (LOSS),
NET OF TAX (Note 22)
Items not reclassified subsequently to profit or loss ￦ (1,717,084,803) ￦ (4,697,391,739) ￦ (1,230,929,124) ￦ (10,211,803,806)
Remeasurements of net defined benefit liability (1,717,084,803) (4,697,391,739) (1,230,929,124) (10,211,803,806)
Items reclassified subsequently to profit or loss (2,816,228,756) (4,342,286,636) (7,859,203,598) (16,420,498,858)
Cash flow hedging loss (2,816,228,756) (4,342,286,636) (7,859,203,598) (16,420,498,858)
Total other comprehensive loss (4,533,313,559) (9,039,678,375) (9,090,132,722) (26,632,302,664)
TOTAL COMPREHENSIVE INCOME ￦ 47,819,569,573 ￦ 154,140,074,370 ￦ 59,098,713,415 ￦ 178,514,570,651
EARNINGS PER SHARE (Note 21)
Basic earnings per share ￦ 326 ￦ 1,017 ￦ 425 ￦ 1,278
Diluted earnings per share ￦ 326 ￦ 1,017 ￦ 425 ￦ 1,278
(Concluded)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 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 - - - - 205,146,873,315 205,146,873,315
Other comprehensive income (loss)
Remeasurements of net defined benefit liability - - - (10,211,803,806) - (10,211,803,806)
Cash flow hedging loss - - - (16,420,498,858) - (16,420,498,858)
Balance at September 30, 2014 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ (32,489,036,226) ￦ 1,717,100,988,255 ￦ 2,544,642,825,984
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
Payment of dividends - - - - (249,844,450,302) (249,844,450,302)
Total comprehensive income (loss)
Net income - - - - 163,179,752,745 163,179,752,745
Other comprehensive income (loss)
Remeasurements of net defined benefit liability - - - (4,697,391,739) - (4,697,391,739)
Cash flow hedging loss - - - (4,342,286,636) - (4,342,286,636)
Balance at September 30, 2015 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ (49,157,862,201) ￦ 1,648,803,438,158 ￦ 2,459,676,449,912

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 AND 2014
(Unit: Korean won)
Nine months ended
September 30, 2015
Nine months ended
September 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash generated from operating activities (Note 23) ￦ 867,236,418,241 ￦ 204,279,445,814
Interests received 16,453,255,589 17,664,951,517
Interests paid (188,438,296,538) (216,430,459,736)
Dividends received 284,776,491 321,472,757
Income taxes paid (72,389,714,806) (63,495,479,756)
Net cash provided by (used in) operating activities 623,146,438,977 (57,660,069,404)
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal of AFS securities 139,054,750 61,979,100
Net decrease of bank deposit 3,750,000 4,550,000
Disposal of property, plant and equipment 397,663,240 37,486,000
Disposal of intangible assets 2,730,272 -
Acquisition of property, plant and equipment (35,301,200,289) (35,512,323,882)
Acquisition of intangible assets (13,199,944,310) (34,074,430,836)
Net cash used in investing activities (47,957,946,337) (69,482,739,618)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings 440,000,000,000 2,350,000,000,000
Proceeds from issue of debentures 10,726,432,434,297 6,684,567,767,975
Repayment of borrowings (220,000,000,000) (2,362,500,000,000)
Repayment of debentures (10,467,680,000,000) (6,421,413,330,519)
Payment of dividends (228,449,504,664) -
Net cash provided by financing activities 250,302,929,633 250,654,437,456
NET INCREASE IN CASH AND CASH EQUIVALENTS 825,491,422,273 123,511,628,434
CASH AND CASH EQUIVALENTS, BEGINNING OF
THE PERIOD 167,697,056,564 965,455,273,460
CASH AND CASH EQUIVALENTS, END OF THE
PERIOD (Note 23) ￦ 993,188,478,837 ￦ 1,088,966,901,894

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF SEPTEMBER 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 September 30, 2015, the Company has approximately 6.34 million card members, 2.28 million registered
merchants and 121 marketing centers and branches.
As of September 30, 2015, the total common stock of the Company is ￦802,326 million. The shareholders of
the Company and its ownerships as of September 30, 2015, and December 31, 2014, are as follows:
Shareholder
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
IGE USA Investments 69,000,073 43.00 - -
GE Capital Int’l Holdings - - 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 September 30, 2015, and December 31, 2014, are as follows:
Place of
incorporation
and operation
Voting share (%)
Entities Major operation
September 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
Super Series 1st
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.

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Meanwhile, 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.
2. BASIS OF FINANCIAL STATEMENT PREPARATION AND SIGNIFICANT ACCOUNTING
POLICIES:
(1) Basis of condensed consolidated financial statement preparation
The Company and its subsidiaries’ (collectively, the “Consolidated Entity’s”) condensed consolidated financial
statements for the nine months ended September 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 the definitions 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 that 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

- 3 -
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; the presumption can only be rebutted when the intangible asset is 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 that 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 September 30, 2015, and December 31, 2014, are as follows (Unit:
Korean won in millions):
Type Entity September 30, 2015 December 31, 2014 Restriction
Cash and deposits KB and others ￦ 18 ￦ 19 Guarantee deposits for overdraft
Shinhan Bank and
others 33,000 33,000 Secured deposits
Mirae Asset
Securities 7 10 Social enterprise fund
Other assets Korea Asset
Management
Corporation 6,906 6,885 Escrow account
￦ 39,931 ￦ 39,914
5. SECURITIES:
Securities as of September 30, 2015, and December, 31 2014, are as follows (Unit: Korean won in millions):
Trading securities:
Treasury bonds ￦ 20,308 ￦ 39,137
Corporate bonds 20,132 515,300
Securities 30,000 140,063
Others 493,431 44,504
Subtotal 563,871 739,004
AFS securities:
Unlisted shares investment 1,767 1,767
Total ￦ 565,638 ￦ 740,771

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6. CARD ASSETS:
Details of card assets by customers as of September 30, 2015, and December 31, 2014, are as follows (Unit:
September 30, 2015
Principal
Deferred
origination
cost and fee
Present value
discounts
Allowance for
doubtful
accounts Book value
Card receivables
Households ￦ 6,382,714 ￦ (7,361) ￦ (5,986) ￦ (63,927) ￦ 6,305,440
Corporates 558,398 - - (5,546) 552,852
Cash advances
Households 792,306 - - (29,649) 762,657
Card loans
Households 3,148,873 - (729) (138,863) 3,009,281
Total ￦ 10,882,291 ￦ (7,361) ￦ (6,715) ￦ (237,985) ￦ 10,630,230
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 nine months ended September 30, 2015 and 2014, are
as follows (Unit: Korean won in millions):
Nine months ended September 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 (1,154) (156) (388) - (1,698)
Bad debt recovered 443 600 219 - 1,262
Disposition and repurchase (17,509) (10,201) (21,205) - (48,915)
Transfer of allowance for
doubtful accounts
16,171 9,328 25,997 510 52,006
Ending balance ￦ 69,473 ￦ 29,649 ￦ 138,863 ￦ 3,120 ￦ 241,105
Card receivables Cash advances Card loans Other assets Total
Bad debt expenses (1,850) (222) (258) - (2,330)
Bad debt recovered 517 678 220 - 1,415
Disposition and repurchase (25,772) (15,137) (29,561) - (70,470)
Transfer (reversal) of allowance
for doubtful accounts
24,732 14,753 42,551 (588) 81,448
Ending balance ￦ 67,733 ￦ 31,385 ￦ 116,390 ￦ 2,423 ￦ 217,931

- 5 -
8. PROPERTY, PLANT AND EQUIPMENT:
Changes in book value of property, plant and equipment for the nine months ended September 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 5,475 248 (842) (2,153) 107,201
Vehicles 2,464 - - (16) (142) 2,306
Fixtures and equipment 87,856 10,849 (11,256) (840) (23,547) 63,062
Construction in progress 23,380 14,201 (12,164) - - 25,417
Total ￦ 356,430 ￦ 31,287 ￦ (23,172) ￦ (1,698) ￦ (25,842) ￦ 337,005
Beginning
balance Acquisition Reclassification Disposal Depreciation
Ending
balance
Land ￦ 122,012 ￦ 2,206 ￦ 484 ￦ - ￦ - ￦ 124,702
Buildings 72,882 3,903 29,316 - (1,771) 104,330
Vehicles 51 2,453 - - (37) 2,467
Fixtures and equipment 53,694 13,424 38,482 (41) (20,994) 84,565
Finance lease assets 278 - - - (278) -
Total ￦ 282,042 ￦ 32,780 ￦ 36,761 ￦ (41) ￦ (23,080) ￦ 328,462
9. INTANGIBLE ASSETS:
Changes in intangible assets for the nine months ended September 30, 2015 and 2014, are as follows (Unit:
Beginning
balance Acquisition Reclassification Disposal Amortization
Ending
balance
Development cost ￦ 98,710 ￦ 7,002 ￦ 3,348 ￦ (3) ￦ (21,523) ￦ 87,534
Software - 390 23,570 - (630) 23,330
Membership 20,614 - - - - 20,614
Others 3,199 - - - (1,363) 1,836
Total ￦ 133,667 ￦ 12,464 ￦ 23,105 ￦ (3) ￦ (23,516) ￦ 145,717
Beginning
balance Acquisition Reclassification Amortization
Impairment
reversal
Ending
balance
Development cost ￦ 35,434 ￦ 20,446 ￦ 26,929 ￦ (11,359) ￦ - ￦ 71,450
Industrial property rights 36 - - (30) - 6
Membership 21,156 - (142) - 6 21,020
Others 4,505 1,742 - (2,363) - 3,884
Total ￦ 127,030 ￦ 32,134 ￦ (36,869) ￦ (13,752) ￦ 6 ￦ 108,549

- 6 -
10. BORROWINGS:
(1) Details of borrowings as of September 30, 2015, and December 31, 2014, are as follows (Unit: Korean
won in millions):
Lenders
Annual interest
rate (%) September 30, 2015 December 31, 2014
Short-term borrowings
Commercial Paper IBK Securities
and two others
1.70–1.81
￦ 220,000 ￦ -
Borrowings Hana Bank
and five others
2.56–3.29
150,000 150,000
Subtotal 370,000 150,000
Current portion of long-
term borrowings
Borrowings SC Bank 3.76 ￦ 50,000 ￦ -
Subtotal 50,000 -
Long-term borrowings
Borrowings SC Bank 3.76 ￦ - ￦ 50,000
Subtotal - 50,000
Total ￦ 420,000 ￦ 200,000
(2) Details of debentures as of September 30, 2015, and December 31, 2014, are as follows (Unit: Korean won
in millions):
Annual interest rate
(%) September 30, 2015 December 31, 2014
Short-term debentures
1.65-1.80
￦ 160,000 ￦ -
Discounts on debentures (164) -
Subtotal 159,836 -
Current portion of long-term debentures
2.23–5.29
￦ 1,820,000 ￦ 1,922,680
Discounts on debentures (1,036) (607)
Subtotal 1,818,964 1,922,073
Long-term debentures 1.79–5.50,
1M USD
LIBOR+0.38–0.55
￦ 6,073,205 ￦ 5,817,768
Discounts on debentures
(8,995) (9,714)
Subtotal 6,064,210 5,808,054
Total ￦ 8,043,010 ￦ 7,730,127
The outstanding debentures are 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.

- 7 -
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 nine months ended September 30,
2015 and 2014, are as follows (Unit: Korean won in millions):
Nine months ended
September 30, 2015
Nine months ended
September 30, 2014
Defined contribution plan ￦ 58 ￦ 39
(2) Net defined benefit liability
The details of net defined benefit liability as of September 30, 2015, and December 31, 2014, are as follows
(Unit: Korean won in millions):
Net defined benefit liability ￦ 32,447 ￦ 16,332
Long-term employee benefit 4,074 3,553
Total ￦ 36,521 ￦ 19,885
(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 nine months ended September 30, 2015 and
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 10,202 - - 10,202
Interest expense (income) 1,406 (1,033) (1) 372
Return on plan assets,
excluding amounts included
in interest income above
- 138 - 138
Actuarial gains and losses
from changes in demographic
assumptions
5 - - 5
from changes in financial
assumptions
3,704 - - 3,704
Actuarial gains and losses from
adjustment of experiences
2,300 - - 2,300
Transfer of employees between
the Consolidated Entity and
its related companies
(296) 194 - (102)
Benefits paid (3,835) 3,323 8 (504)
Ending balance ￦ 83,225 ￦ (50,756) ￦ (22) ￦ 32,447

- 8 -
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 7,024 - - 7,024
Interest expense (income) 1,291 (1,115) - 176
Return on plan assets,
excluding amounts included
in interest income above
- 275 - 275
from changes in demographic
assumptions
- - - -
from changes in financial
assumptions
3,873 - - 3,873
Actuarial gains and losses from
adjustment of experiences
9,293 - - 9,293
Transfer of employees between
the Consolidated Entity and
its related companies
(252) 489 - 237
Benefits paid (4,930) 2,728 1 (2,201)
Ending balance ￦ 62,703 ￦ (40,629) ￦ (29) ￦ 22,045
(4) Long-term employee benefits
Changes in present value of long-term employee benefits liability for the nine months ended September 30,
Nine months ended
September 30, 2015
Beginning balance ￦ 3,553
Current service cost 334
Interest cost 81
Actuarial gains and losses 247
Benefits paid (141)
Ending balance ￦ 4,074

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12. PROVISIONS:
Changes in provisions for the nine months ended September 30, 2015 and 2014, are as follows (Unit: Korean
won in millions):
Unused
commitment Point
Asset retirement
obligation Others Total
Increase (decrease) 3,620 6,471 799 (1,235) 9,655
Ending balance ￦ 49,509 ￦ 29,215 ￦ 6,336 ￦ 8,150 ￦ 93,210
Unused
commitment Point Others Total
Beginning balance ￦ 47,497 ￦ 22,944 ￦ 15,880 ￦ 86,321
Increase (decrease) (3,556) 3,111 (2,045) (2,490)
Ending balance ￦ 43,941 ￦ 26,055 ￦ 13,835 ￦ 83,831
Other provisions include provision for deposits in escrow account and for pending litigations amounting to
￦2,236 million and ￦5,914million, respectively, as of September 30, 2015. Also, provision for pending
litigations includes the provision related to deposits in escrow account amounting to ￦4,467 million (see Note
24).

- 10 -
13. DERIVATIVES AND HEDGE ACCOUNTING:
(1) There are no derivative instruments held for trading as of September 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 values of cash flow hedges as of September 30, 2015, and December 31, 2014, are as follows (Unit:
September 30, 2015
Unsettled
contract amount Assets Liabilities
Accumulated other
comprehensive
loss (*1)
Interest rate swap ￦ 1,145,000 ￦ - ￦ 22,356 ￦ (17,001)
Cross-currency swap 824,205 49,413 - (7,989)
Total ￦ 1,969,205 ￦ 49,413 ￦ 22,356 ￦ (24,990)
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 September 23, 2020. Meanwhile, there is
no ineffective portion recognized related to cash flow hedge for the nine months ended September 30,
2015 and 2014.

- 11 -
14. PLANNED RESERVES FOR BAD LOANS:
(1) Details of planned reserves for bad loans as of September 30, 2015, and December 31, 2014, are as follows
Accumulated reserve for bad loans ￦ 666,023 ￦ 659,761
Transfer to planned reserve for bad loans 22,057 6,262
Reserve for bad loans ￦ 688,080 ￦ 666,023
(2) Transfer to planned reserve for bad loans and net income after the reserve provided for the nine months
ended September 30, 2015 and 2014, are as follows (Unit: Korean won in millions, except for earnings per
share):
Nine months ended September 30
2015 2014
Net income ￦ 163,180 ￦ 205,147
Transfer to planned reserve for bad loans 22,057 49,219
Net income after the planned reserve provided 141,123 155,928
Earnings per share after the planned reserve provided 879 972
15. RETAINED EARNINGS:
(1) Details of retained earnings as of September 30, 2015, and December 31, 2014, are as follows (Unit:
Legal reserve (*1) ￦ 20,143 ￦ 20,143
Planned reserve for bad loans (Note 14) 666,023 659,761
Unappropriated retained earnings 962,637 1,055,564
Total ￦ 1,648,803 ￦ 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 nine months ended September 30, 2015 and 2014, are as follows (Unit:
2015 2014
Beginning balance ￦ 1,735,468 ￦ 1,511,954
Net income 163,180 205,147
Payment of dividends (249,845) -
Ending balance ￦ 1,648,803 ￦ 1,717,101
(3) Details of the dividends payment by the Company in current year, are as follow:
Type
Number of total
outstanding shares
Number of shares
for dividends payment
Dividends
per shares(*1)
Total amount of
dividends (*2)
Common stocks 160,465,286 shares 160,465,286 shares ￦ 1,557 ￦ 249,845
(*1) Unit: Korean won
(*2) Unit: Korean won in millions

- 12 -
16. NET INTEREST EXPENSE:
Net interest expense from financial instruments for the three months and nine months ended September 30,
2015 and 2014, is as follows (Unit: Korean won in millions):
2015 2014
Three months
ended September 30
Nine months
ended September 30
Three months
ended September 30
Nine months
ended September 30
Interest income
Cash and deposits ￦ 3,987 ￦ 14,034 ￦ 6,183 ￦ 16,800
Others 248 1,077 347 1,295
Total 4,235 15,111 6,530 18,095
Interest expenses
Borrowings 1,951 6,034 2,732 9,165
Debentures 65,127 201,887 73,960 221,062
Others 103 85 6 37
Total 67,181 208,006 76,698 230,264
Net interest expenses ￦ (62,946) ￦ (192,895) ￦ (70,168) ￦ (212,169)
17. NET COMMISSION INCOME:
Net commission income from financial instruments for the three months and nine months ended September 30,
2015 and 2014, is as follows (Unit: Korean won in millions):
2015 2014
Three months
ended September 30
Nine months
ended September 30
Three months
ended September 30
Nine months
ended September 30
Commission income
Card income ￦ 402,223 ￦ 1,169,815 ￦ 378,857 ￦ 1,137,235
Total 402,223 1,169,815 378,857 1,137,235
Commission expenses
Service fee 142,035 405,718 122,799 379,276
Financial payment fee 2,285 6,924 2,623 7,955
Handling fee relating to credit
purchase 36,254 111,425 37,343 102,928
Merchants copayment fee 13 40 13 38
Overseas payment fee 11,771 33,032 9,003 29,681
Other 11,315 33,428 10,029 35,166
Total 203,673 590,567 181,810 555,044
Net commission income ￦ 198,550 ￦ 579,248 ￦ 197,047 ￦ 582,191

- 13 -
18. OTHER OPERATING REVENUES AND OTHER OPERATING EXPENSES:
Other operating revenues and expenses for the three months and nine months ended September 30, 2015 and
2015 2014
Three months
ended September
30
Nine months
ended September
30
Three months
ended September
30
Nine months
ended September
30
Other operating revenues
Foreign exchange gain ￦ 3,988 ￦ 11,147 ￦ 3,390 ￦ 10,458
Foreign currency translation gain - - (23,789) 1,880
Gain on transaction of derivatives 4,474 6,127 - 1,460
Gain on valuation of derivatives 35,756 44,637 1,189 1,189
Others 3,668 19,381 5,557 19,465
Total ￦ 47,886 ￦ 81,292 ￦ (13,653) ￦ 34,452
Other operating expenses
Foreign exchange loss ￦ 5,908 ￦ 10,138 ￦ 1,077 ￦ 3,779
Foreign currency translation loss 35,756 44,637 1,189 1,189
Loss on transaction of derivatives - - - 1,213
Loss on valuation of derivatives - - (23,789) 1,880
Others 4,352 23,196 4,909 19,582
Total ￦ 46,016 ￦ 77,971 ￦ (16,614) ￦ 27,643

- 14 -
19. GENERAL AND ADMINISTRATIVE EXPENSES:
Details of general and administrative expenses for the three months and nine months ended September 30,
2015 2014
Three months
ended September
30
Nine months
ended September
30
Three months
ended September
30
Nine months
ended September
30
Salaries and wages ￦ 41,784 ￦ 130,574 ￦ 36,319 ￦ 100,030
Pension expenses 4,290 13,001 2,832 7,239
Employee benefits 6,367 19,472 5,619 17,493
Travel expenses 587 1,789 553 1,710
Communication expenses 8,751 25,438 7,044 19,009
Postages expenses 4,230 13,788 4,405 13,594
Rental expenses 5,949 18,590 6,383 18,558
Taxes dues 4,836 13,848 4,318 12,984
Repair and maintenance expenses 285 709 205 524
Insurance premiums 77 188 46 122
Entertainment expenses 147 475 1,778 2,115
Advertising expenses 7,572 23,120 12,095 33,808
Supply expenses 1,071 2,796 679 1,513
Vehicle maintenance expenses 3 9 3 10
Periodicals expenses 47 170 73 180
Publication expenses 2,356 6,836 2,208 6,023
Training expenses 1,130 3,630 975 2,901
Electronic data processing expenses 11,013 31,037 11,222 33,694
Expense for temporary staff 2,216 6,344 5,649 23,785
Professional expenses 32,124 98,307 26,858 93,036
Delivery commission 366 1,206 448 1,423
Commission expenses 6,930 21,564 7,243 19,670
Business activities expenses 750 2,208 759 2,207
Depreciation expenses 6,134 25,842 8,923 23,080
Amortization expenses 8,299 23,516 5,502 13,752
Event expenses 389 1,924 1,941 2,533
Conference expenses 89 274 67 153
Building administrative expenses 2,134 5,958 1,978 5,328
Total ￦ 159,926 ￦ 492,613 ￦ 156,125 ￦ 456,474

- 15 -
20. INCOME TAX EXPENSES:
(1) Income tax expenses for the nine months ended September 30, 2015 and 2014, are as follows (Unit: Korean
won in millions):
2015 2014
Income tax currently payable ￦ 45,228 ￦ 59,186
Changes in deferred income tax assets (1,723) (3,052)
Changes in income tax expense reflected directly in shareholders’ equity 2,784 8,422
Income tax expense ￦ 46,289 ￦ 64,556
(2) Income tax expenses reflected directly in shareholders’ equity for the nine months ended September 30,
January 1, 2015 Increase
September 30,
2015
Tax effect related to the cash flow hedging reserve loss ￦ 6,537 ￦ 1,336 ￦ 7,873
Tax effect related to remeasurements of the net defined benefit liability 6,166 1,448 7,614
Total ￦ 12,703 ￦ 2,784 ￦ 15,487
January 1, 2014 Increase
September 30,
2014
Tax effect related to the cash flow hedging reserve loss ￦ 261 ￦ 5,193 ￦ 5,454
Tax effect related to remeasurements of the net defined benefit liability 1,591 3,229 4,820
Total ￦ 1,852 ￦ 8,422 ￦ 10,274
(3) A reconciliation between income before income tax and income tax expense for the nine months ended
September 30, 2015 and 2014, is as follows (Unit: Korean won in millions):
2015 2014
Net income before income tax ￦ 209,469 ￦ 269,703
Net income tax payable by the statutory income tax rates (*) 50,229 64,806
Tax reconciliations:
Non-deductible expense - 3
Others (3,940) (253)
Subtotal (3,940) (250)
Income tax expense for continued operation 46,289 64,556
Effective tax rates (income tax/income before income tax) 22.10% 23.94%
(*) Applicable income tax rate: 1) 11% for below ￦200 million, 2) 22% for ￦200 million to ￦20 billion
and 3) 24.2% for above ￦20 billion.

- 16 -
21. EARNINGS PER SHARE:
(1) Basic earnings per share for the three months and nine months ended September 30, 2015 and 2014, are as
follows (Unit: Korean won):
2015 2014
Three months
ended September 30
Nine months
ended September 30
Three months
ended September 30
Nine months
ended September 30
Net income (A) ￦ 52,352,883,132 ￦ 163,179,752,745 ￦ 68,188,846,137 ￦ 205,146,873,315
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) ￦ 326 ￦ 1,017 ￦ 425 ￦ 1,278
(2) Diluted earnings per share
As there were no discontinued operations during the nine months ended September 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 nine months ended September 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) ￦ (1,821) ￦ (3,857) ￦ 1,336 ￦ (24,990)
Remeasurements of the net
defined benefit liability (19,470) - (6,145) 1,448 (24,167)
Total ￦ (40,118) ￦ (1,821) ￦ (10,002) ￦ 2,784 ￦ (49,157)
Changes
Beginning
balance
Reclassification
of profit or loss Other
Income tax
effects
Ending
balance
Gain (loss) on valuation of
derivatives ￦ (827) ￦ 730 ￦ (22,343) ￦ 5,193 ￦ (17,247)
Remeasurements of the net
defined benefit liability (5,030) - (13,441) 3,229 (15,242)
Total ￦ (5,857) ￦ 730 ￦ (35,784) ￦ 8,422 ￦ (32,489)

- 17 -
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):
September 30, 2015 September 30, 2014
Ordinary deposits ￦ 239,292 ￦ 63,958
Current deposits 339 5
Time deposits 14,400 15,000
Other cash and cash equivalents 739,157 1,010,004
Total ￦ 993,188 ￦ 1,088,967
(2) Cash generated from operating activities
Cash generated from operating activities is as follows (Unit: Korean won in millions):
2015 2014
Net income ￦ 163,180 ￦ 205,147
Adjustments:
Income tax expense 46,289 64,556
Interest income (15,111) (18,095)
Interest expense 208,006 230,264
Dividends received (285) (322)
Bad debt expenses and losses on disposal of receivables 167,270 187,856
Retirement benefits 10,574 7,200
Depreciation expenses 25,842 23,080
Amortization expenses 23,516 13,752
Losses on foreign currency translation 44,637 1,189
Losses on valuation of derivatives - 1,880
Increase in provision for unused credit limit 3,620 -
Losses from sale of property, plant and equipment and intangible
assets
1,356 30
Sales promotional expenses 24,014 21,417
Increase in provision for others 6,471 6,163
Other operating expenses 1,325 818
Gains on valuation of trading securities (1,795) -
Gains on disposal of AFS securities (139) (62)
Gains on foreign currency translation - (1,880)
Gains on valuation of derivatives (44,637) (1,189)
Gains on transaction of derivatives (6,127) -
Amortization of present value discounts of card assets (24,929) (21,966)
Amortization of deferred origination cost and fee of card assets (17,490) (19,173)
Decrease in provision for unused credit limit - (3,556)
Gains from sale of property, plant and equipment and intangible assets (56) (26)
Reversal of impairment losses for intangible assets - (6)
Decrease in provision for others (2,071) (2,457)
Other operating revenues (19) (37)
Subtotal 450,261 489,436
Changes in operating assets and liabilities:
Decrease in trading securities 176,928 -
Increase in card assets (228,688) (408,563)
Increase in other financial assets (36,993) (24,744)
Decrease (increase) in other non-financial assets (20,043) 1,528
Decrease in net defined benefit liabilities (606) (1,964)
Increase (decrease) in other financial liabilities ￦ 376,998 ￦. (37,408)

- 18 -
2015 2014
Decrease in other non-financial liabilities ((13,801) ((19,153)
Subtotal 253,795 (490,304)
Total ￦ 867,236 ￦ 204,279
24. CONTINGENCIES AND COMMITMENTS:
(1) Credit Line Agreement
The credit line agreements as of September 30, 2015, and December 31, 2014, are as follows (Unit: Korean
won in millions):
Type Financial instruments September 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 September 30, 2015, the Consolidated Entity made a revolving credit facility agreement for ￦490
billion with Kookmin Bank and eight others for credit line.
(3) Guarantee
The Consolidated Entity has a performance guarantee from the Seoul Guarantee Insurance Co., Ltd.,
amounting to ￦937 million in connection with deferred transportation payment card and others.
(4) Pending Litigations
As of September 30, 2015, the Consolidated Entity is involved in 24 cases (￦32,474 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 ￦5,914 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 condensed consolidated financial statements (see Note 12).
(5) Deposit for Loss Reimbursement
As of September 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.

- 19 -
(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.
(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 (ABSs’), 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
ABSs.
25. TRANSACTION WITH RELATED PARTIES:
(1) Status of related parties
Details of the related parties as of September 30, 2015, are as follows:
Companies
Parent company Hyundai Motor Company
Other related parties IGE USA Investments, 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 MNSOFT, 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, Hyundai
Hysco, etc.

- 20 -
(2) Outstanding transactions with the related parties for the nine months ended September 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
intangible
assets
Purchase of
property, plant
and equipment
Disposal of
assets
Parent company
Hyundai Motor
Company ￦ 75,883 ￦ - ￦ - ￦ - ￦ 363 ￦ 3 ￦ - ￦ - ￦ -
Other related
parties
Kia Motor
Company
28,761 - - - 7 - - - -
Hyundai
Construction
182 - - - - - - 4,800 -
Hyundai Life 3,186 145 - - 3,102 - - - -
Hyundai Auto
Ever Systems
3,764 - - 10 30,554 6,394 6,767 - -
Hyundai Capital 61 375 15,285 13,628 1,961 18,903 - - 269,519
Others 2,256 613 804 142 10,319 2,136 29 - -
Total ￦ 114,093 ￦ 1,133 ￦ 16,089 ￦ 13,780 ￦ 46,306 ￦ 27,436 ￦ 6,796 ￦ 4,800 ￦ 269,519
Revenues Expenses Others
Card income Rental revenue Others Card expense
General and
administrative
expenses Others
Purchase of
intangible
assets
Purchase of
property, plant
and equipment
Disposal of
assets
Parent company
Hyundai Motor
Company ￦ 82,625 ￦ - ￦ - ￦ - ￦ 128 ￦ 59 ￦ - ￦ 2,370 ￦ -
Other related
parties
Kia Motor
Company
30,734 - - - 19 13 - - -
Hyundai
Construction
143 - - - 10 - - 3,932 -
Hyundai Life 4,039 146 79 - 2,349 - - - -
Hyundai Auto
Ever Systems
4,261 - - - 28,182 4,503 11,025 - -
Hyundai Capital 54 379 15,950 13,889 2,734 15,776 - - 297,656
Others 2,604 613 672 144 8,927 1,334 - - -
Total ￦ 124,460 ￦ 1,138 ￦ 16,701 ￦ 14,033 ￦ 42,349 ￦ 21,685 ￦ 11,025 ￦ 6,302 ￦ 297,656

- 21 -
(3) Receivables and payables from the transactions with the related parties as of September 30, 2015, and
December 31, 2014, are as follows (Unit: Korean won in millions):
September 30, 2015
Receivable Payables
Card assets Others Accounts payable Others
Parent company
Hyundai Motor Company ￦ 61,447 ￦ 2,128 ￦ 28,633 ￦ -
Other related parties
Kia Motor Company 33,603 - 5,032 -
Hyundai Construction 7,773 - - -
Hyundai Life 1,832 44,575 268 102
Hyundai Auto Ever Systems 8,249 - 9,050 -
Hyundai Capital 110,863 423 1,294 248
Others 39,049 - 8,953 423
Total ￦ 262,816 ￦ 47,126 ￦ 53,230 ￦ 773
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 Construction 1,787 - - -
Hyundai Life 1,549 46,406 67 205
Hyundai Auto Ever Systems 3,598 - 4,853 -
Hyundai Capital 126,110 497 599 265
Others 38,883 - 12,926 425
Total ￦ 282,951 ￦ 49,204 ￦ 79,049 ￦ 895

- 22 -
(4) Compensation for key management for the nine months ended September 30, 2015 and 2014, is as follows
2015 2014
Short-term employee benefit ￦ 9,045 ￦ 6,314
Retirement benefit 1,519 1,495
Other long-term employee benefit 14 -
Total ￦ 10,578 ￦ 7,809
(5) There were no borrowing transactions with the related parties for the nine months ended September 30,
2015 and 2014.
(6) There were no lending transactions with the related parties for the nine months ended September 30, 2015
and 2014.
(7) As of September 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 condensed consolidated financial statements.
The details of ABSs and underlying assets as of September 30, 2015, and December 31, 2014, are as follows
September 30, 2015
Carrying amount Fair value
Maturity
Underlying
asset Senior tranche
Underlying
asset Senior tranche Net position
PRIVIA 4th SPC 2017.07.18 ￦ 914,248 ￦ 346,405 ￦ 1,052,038 ￦ 347,054 ￦ 704,984
PRIVIA 5th SPC 2018.02.19 881,269 300,000 951,895 303,752 648,143
Super Series 1st SPC 2019.02.19 967,011 477,800 1,162,894 476,296 686,598
Discounts on bonds - (6,027) - - -
Total ￦ 2,762,528 ￦ 1,118,178 ￦ 3,166,827 ￦ 1,127,102 ￦ 2,039,725
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

- 23 -
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 September 30, 2015, and December 31, 2014, are as follows (Unit:
September 30, 2015
Non-offsetting amount
Recognized
financial assets
and liabilities
Offsetting
amount from
recognized
financial assets
and liabilities
Net amounts
in the
condensed
consolidated
statement of
financial
position
Financial
instruments
Cash collateral
received Net amounts
Financial Assets
Derivative assets ￦ 49,413 ￦ - ￦ 49,413 ￦ - ￦ - ￦ 49,413
Financial Liabilities
Derivative liabilities 22,356 - 22,356 - - 22,356
December 31, 2014
Non-offsetting amount
Recognized
financial assets
and liabilities
Offsetting
amount from
recognized
financial assets
and liabilities
Net amounts
in the
condensed
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 September 30, 2015, and December 31, 2014, is as
follows (Unit: Korean won in millions):
Book value Fair value Book value Fair value
Assets:
Financial assets
Cash and deposits ￦ 1,026,213 ￦ 1,026,213 ￦ 200,725 ￦ 200,725
Investment financial assets 565,638 565,638 740,771 740,771
Card assets 10,630,230 10,918,853 10,549,897 11,136,398
Other financial assets 284,372 284,372 205,190 205,315
Total ￦ 12,506,453 ￦ 12,795,076 ￦ 11,696,583 ￦ 12,283,209
Liabilities:
Financial liabilities
Borrowings ￦ 420,000 ￦ 420,372 ￦ 200,000 ￦ 200,366
Debentures 8,043,010 8,252,784 7,730,127 7,946,435
Other financial liabilities 1,782,361 1,782,361 1,393,751 1,393,764
Total ￦ 10,245,371 ￦ 10,455,517 ￦ 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.

- 24 -
(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 September 30, 2015, and December 31, 2014
September 30, 2015
Fair value hierarchy
Book value Fair value Level 1 Level 2 Level 3
Financial Assets
Trading securities ￦ 563,871 ￦ 563,871 ￦ - ￦ 563,871 ￦ -
Derivative assets 49,413 49,413 - 49,413 -
Derivative liabilities 22,356 22,356 - 22,356 -
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 September 30, 2015, and December 31, 2014 (Unit: Korean
won in millions):
Description September 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 10,918,853 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

- 25 -
Fair value
(In million KRW)
Current / prior
Fair
value
hierarchy
and extent
Leasehold
deposits
provided
Assets 31,805 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 563,871 739,004 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
and
Debentures
Liabilities 8,673,156 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 9,158 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 22,356 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 49,413 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 - 10,631

- 26 -
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 nine
months ended September 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 September 30, 2015.

- 27 -
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 by dividing adjusted capital by adjusted total assets and all factors are based on
condensed separate financial statements.
The Company maintains an adjusted capital adequacy ratio of more than 8%.
The details of adjusted capital adequacy ratio as of September 30, 2015, and December 31, 2014, are as
follows (Unit: Korean won in millions):
Adjusted total assets (A) ￦ 11,725,780 ￦ 11,272,517
Adjusted total capital (B) 1,968,281 2,047,771
Adjusted capital adequacy ratio (B/A) 16.79% 18.17%

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