Fy 2016 1 q review report en

HYUNDAI CARD CO., LTD. AND ITS
SUBSIDIARIES
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF MARCH 31, 2016, AND DECEMBER 31, 2015,
AND FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015
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 on May 13, 2016.
To the Shareholders and Board of Directors of
Hyundai Card Co., Ltd.:
We have reviewed the accompanying condensed consolidated financial statement of Hyundai Card Co., Ltd. and its
subsidiaries (collectively, the “Consolidated Entity”). The condensed consolidated financial statements consist of the
condensed consolidated statement of financial position as of March 31, 2016, and the related condensed
consolidated statement of comprehensive income, condensed consolidated statement of changes in shareholders’
equity and condensed consolidated statement of cash flows, all expressed in Korean won, for the three months ended
March 31, 2016 and 2015, 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 statement 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, 2015, 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, 2015 (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 9, 2016. The consolidated statement of financial position as of
December 31, 2015, presented for 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, 2015.
May 13, 2016
Notice to Readers
This report is effective as of May 13, 2016, 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 MARCH 31, 2016, AND DECEMBER 31, 2015,
AND FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015
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 STATEMENT OF FINANCIAL POSITION
AS OF MARCH 31, 2016, AND DECEMBER 31, 2015
(Unit: Korean won)
March 31, 2016 December 31, 2015
ASSETS:
CASH AND DEPOSITS (Notes 4 and 28):
Cash and cash equivalents (Note 23) ￦ 556,681,251,971 ￦ 505,742,520,609
Deposits 47,424,500,000 33,024,500,000
Total cash and deposits 604,105,751,971 538,767,020,609
SECURITIES (Notes 5 and 28):
Trading securities 566,835,715,960 459,928,214,247
Available-for-sale (“AFS”) securities 1,766,969,764 1,766,969,764
Total securities 568,602,685,724 461,695,184,011
CARD ASSETS (Notes 6, 7, 25, 26 and 28):
Card receivables, net of present value of discounts and
deferred origination cost and fee 7,330,880,036,632 7,595,851,307,370
Allowance for doubtful accounts (78,102,772,770) (76,701,420,249)
Cash advances 833,743,577,548 827,002,888,065
Card loans, net of present value of discounts 3,238,957,491,441 3,239,218,653,922
Total card assets 11,143,240,094,275 11,406,586,971,982
PROPERTY, PLANT AND EQUIPMENT (Note 8):
Land 141,135,593,407 141,135,593,407
Buildings 120,401,235,857 120,401,235,857
Accumulated depreciation (12,441,996,905) (11,684,533,184)
Vehicles 2,514,088,391 2,514,088,391
Accumulated depreciation (300,411,533) (254,093,084)
Fixtures and equipment 212,640,531,620 210,311,409,618
Accumulated depreciation (132,761,641,701) (125,909,014,419)
Construction in progress 16,717,228,534 14,089,134,359
Total property, plant and equipment 347,904,627,670 350,603,820,945
OTHER ASSETS:
Other accounts receivable (Note 28) 87,921,755,094 94,824,687,899
Allowance for doubtful accounts (Notes 7 and 28) (939,013,101) (852,423,113)
Accrued revenue (Note 28) 49,034,959,695 49,401,668,393
Allowance for doubtful accounts (Notes 7 and 28) (1,401,398,308) (1,393,512,524)
Advance payments 32,963,630,634 34,200,440,607
Allowance for doubtful accounts (Note 7) (1,672,874,904) (967,357,411)
Prepaid expenses 69,187,886,865 54,889,008,962
Intangible assets (Note 9) 129,223,167,606 137,084,511,938
Derivative assets (Notes 13, 27 and 28) 27,668,447,369 39,584,012,967
Deferred income tax assets (Note 20) 146,302,218,547 150,197,163,343
Guarantee deposits (Notes 4 and 28) 34,855,553,067 32,466,788,202
Others 5,104,490,717 4,350,236,590
Total other assets 578,248,823,281 593,785,225,853
Total Assets ￦ 13,242,101,982,921 ￦13,351,438,223,400
(Continued)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS OF MARCH 31, 2016, AND DECEMBER 31, 2015
(Unit: Korean won)
LIABILITIES:
BORROWINGS (Notes 10 and 28):
Borrowings ￦ 920,000,000,000 ￦ 590,000,000,000
Debenture, net of discounts 8,126,460,978,784 8,527,883,918,633
Total borrowings 9,046,460,978,784 9,117,883,918,633
OTHER LIABILITIES:
Accounts payable (Notes 25 and 28) 837,930,471,574 889,947,477,880
Accrued expenses (Note 28) 198,487,854,439 229,197,257,098
Unearned revenue 333,545,041,863 340,303,443,944
Withholdings (Note 28) 96,404,620,578 109,477,500,291
Derivative liabilities (Notes 13, 27 and 28) 22,379,603,211 17,743,551,531
Current tax liability 28,903,255,547 24,105,439,403
Net defined benefit liability (Note 11) 30,900,084,672 23,606,248,668
Guarantee deposits received (Note 28) 9,356,052,582 9,081,139,097
Provisions (Notes 12 and 24) 95,673,882,583 96,060,138,730
Total other liabilities 1,653,580,867,049 1,739,522,196,642
Total liabilities 10,700,041,845,833 10,857,406,115,275
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) (43,939,774,454) (38,384,103,955)
Retained earnings (Notes 14 and 15) 1,725,969,037,587 1,672,385,338,125
Total shareholders’ equity 2,542,060,137,088 2,494,032,108,125
Total Liabilities and Shareholders’ Equity ￦ 13,242,101,982,921 ￦13,351,438,223,400
(Concluded)
See accompanying notes to condensed consolidated financial statements.

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015
(Unit: Korean won)
Three months ended
March 31, 2016
Three months ended
March 31, 2015
OPERATING REVENUE:
Card income (Notes 17 and 25) ￦ 653,619,554,986 ￦ 620,828,898,162
Interest income (Note 16) 5,256,751,529 6,292,884,903
Gain on valuation and disposal of securities 1,067,908,860 219,137,267
Dividends income 136,053,244 146,989,275
Other operating revenue (Note 18) 25,278,115,691 13,912,679,751
Total operating revenue 685,358,384,310 641,400,589,358
OPERATING EXPENSES:
Card expenses (Notes 17 and 25) 302,680,342,877 256,016,861,411
Interest expenses (Note 16) 66,793,540,299 72,223,451,082
General and administrative expenses (Notes 19 and 25) 161,653,269,581 162,969,315,053
Securitization expenses 119,010,908 81,061,771
Bad debt expenses and losses on disposal of loans (Note 7) 58,615,862,081 55,439,740,720
Transfer to provision for unused credit limits (Note 12) 1,455,226,789 743,134,862
Other operating expenses (Note 18) 20,797,360,750 13,302,020,409
Total operating expenses 612,114,613,285 560,775,585,308
OPERATING INCOME 73,243,771,025 80,625,004,050
NON-OPERATING INCOME:
Gain from sale of property, plant and equipment and
intangible assets
102,585,860 19,805,430
Rental revenue (Note 25) 379,432,545 377,680,844
Miscellaneous gain 71,131,338 61,185,324
Total non-operating income 553,149,743 458,671,598
NON-OPERATING EXPENSES:
Donations 661,655,995 167,802,000
Loss from sale of property, plant and equipment and
intangible assets 66,424,523 1,208,525,531
Total non-operating expenses 728,080,518 1,376,327,531
NET INCOME BEFORE INCOME TAX EXPENSE 73,068,840,250 79,707,348,117
INCOME TAX EXPENSE (Note 20) 19,485,140,788 17,540,027,407
NET INCOME 53,583,699,462 62,167,320,710
(Continued)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (CONTINUED)
(Unit: Korean won)
Three months ended
March 31, 2016
Three months ended
March 31, 2015
OTHER COMPREHENSIVE LOSS,
NET OF TAX(Note 22)
Items not reclassified subsequently to profit or loss:
Remeasurements of net defined benefit liability ￦ (2,546,462,920) ￦ (3,246,298,081)
Items reclassified subsequently to profit or loss:
Cash flow hedging loss (3,009,207,579) (4,177,195,249)
Total other comprehensive loss (5,555,670,499) (7,423,493,330)
TOTAL COMPREHENSIVE INCOME ￦ 48,028,028,963 ￦ 54,743,827,380
EARNINGS PER SHARE (Note 21):
Basic earnings per share ￦ 334 ￦ 00,000,387
Diluted earnings per share ￦ 334 ￦ 00,000,000,387
(Concluded)

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
(Unit: Korean won)
Capital surplus
Capital stock Paid-up capital
Other
capital
Accumulated other
comprehensive
loss
Retained
earnings Total
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 - - - - 62,167,320,710 62,167,320,710
Other comprehensive loss:
Remeasurements of net
defined benefit liability - - - (3,246,298,081) - (3,246,298,081)
Cash flow hedging loss - - - (4,177,195,249) - (4,177,195,249)
Balance at March 31, 2015 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦ 12,305,079,416 ￦ (47,541,677,156) ￦1,797,635,456,425 ￦2,610,124,653,224
Balance at January 1, 2016 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦ 12,305,079,416 ￦ (38,384,103,955) ￦ 1,672,385,338,125 ￦ 2,494,032,108,125
Total comprehensive income
(loss):
Net income - - - - 53,583,699,462 53,583,699,462
Other comprehensive loss:
defined benefit liability - - - (2,546,462,920) - (2,546,462,920)
Cash flow hedging loss - - - (3,009,207,579) - (3,009,207,579)
Balance at March 31, 2016 ￦ 802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ (43,939,774,454) ￦ 1,725,969,037,587 ￦ 2,542,060,137,088

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unit: Korean won)
Three months ended
March 31, 2016
Three months ended
March 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash generated from operating activities (Note 23) ￦ 211,528,567,582 ￦ 772,856,684,057
Interests received 5,189,247,724 6,011,892,258
Interests paid (81,138,356,077) (66,678,319,369)
Dividends received 136,053,244 146,989,275
Income taxes paid (9,414,890,480) (18,141,811,192)
Net cash provided by operating activities 126,300,621,993 694,195,435,029
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal of AFS securities 16,215,800 24,624,800
Disposal of property, plant and equipment 134,635,000 180,916,679
Disposal of intangible assets 585,000,000 -
Acquisition of property, plant and equipment (8,570,685,576) (13,881,255,678)
Acquisition of intangible assets (4,752,603,864) (7,827,612,943)
Net cash used in investing activities (12,587,438,640) (21,503,327,142)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings 410,000,000,000 30,000,000,000
Proceeds from issue of debentures 5,977,225,548,009 1,918,865,303,953
Repayment of borrowings (80,000,000,000) (30,000,000,000)
Repayment of debentures (6,370,000,000,000) (2,203,560,002,931)
Net cash used in financing activities (62,774,451,991) (284,694,698,978)
NET INCREASE IN CASH AND CASH EQUIVALENTS 50,938,731,362 387,997,408,909
CASH AND CASH EQUIVALENTS AT THE
BEGINNING OF THE PERIOD (Note 23) 505,742,520,609 167,697,056,564
CASH AND CASH EQUIVALENTS AT THE
END OF THE PERIOD (Note 23) ￦ 556,681,251,971 ￦ 555,694,465,473

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF MARCH 31, 2016, AND DECEMBER 31, 2015, AND
1. REPORTING ENTITY:
Hyundai Card Co., Ltd. (the “Company” or the “Consolidated Entity”), 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, the
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 March 31, 2016, the Company has approximately 6.41 million card members; 2.29 million registered
merchants; and 121 marketing centers, branches and posts.
As of March 31, 2016, the total common stock of the Company is ￦802,326 million. The shareholders of the
Company and its ownerships as of March 31, 2016, and December 31, 2015, 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 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 March 31, 2016, and December 31, 2015, are as follows:
Place of
incorporation
and operation
Voting share (%)
Entities Major operation March 31, 2016 December 31, 2015
End of
reporting
period
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
17 Money Market
Trusts Trust business Korea 100 100 -
The subsidiaries above are structured companies as voting rights and other powers do not play a major role in
determining the controlling interest.
Except for Money Market Trust, the subsidiaries were established for the Consolidated Entity’s business
activity. The Parent Hyundai Card Co., Ltd. has the power over the subsidiaries due to the fact that the Parent
involves in the objectives and design of the subsidiaries and is exposed to risks and rewards. Also, all the
decision-making processes of the subsidiaries are operated on autopilot by provisions and articles of
association. The Parent is considered to have the ability to use power because the Parent has control over the
changes in provisions and articles of association. Therefore, the Parent includes the special-purpose entities
under consolidation.
Meanwhile, in case default occurs by the subsidiaries related to derivative contracts hedging risks arising from
debentures issued for asset securitization, counterparties of the derivative contracts can claim for
reimbursement from the Parent.

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2. BASIS OF CONDENSED CONSOLIDATED FINANCIAL STATEMENT PREPARATION AND
SIGNIFICANT ACCOUNTING POLICIES:
(1) Basis of condensed consolidated financial statement preparation
The Consolidated Entity’s condensed consolidated financial statements as of March 31, 2016, and December
31, 2015, and for the three months ended March 31, 2016 and 2015, 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 as of and for the year ended December 31, 2015, 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, 2015, 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 1001 – Presentation of Financial Statements
The amendments to K-IFRS 1001 clarify the concept of applying materiality in practice and restrict an entity
reducing the understandability of its financial statements by obscuring material information with immaterial
information or by aggregating material items that have different natures or functions. The adoption of the
amendment has no significant impact on the Consolidated Entity’s condensed consolidated financial statements.
Amendments to K-IFRS 1016: property, plant, and equipment
The amendments to K-IFRS 1016 prohibit entities from using a revenue-based depreciation method for items
of property, plant and equipment. The adoption of the amendment has no significant impact on the
Consolidated Entity’s condensed consolidated financial statements.
Amendments to K-IFRS 1038: Intangible Assets
The amendments to K-IFRS 1038 clarified that the use of revenue-based methods to calculate the amortization
of an asset is not appropriate, unless the consumption of the expected future economic benefits is embodied in
the asset. The adoption of the amendment has no significant impact on the Consolidated Entity’s condensed
consolidated financial statements.
Amendments to K-IFRS 1110 – Consolidated Financial Statements, K-IFRS 1112 Disclosure of interests in
other entities and K-IFRS 1028 Investment in associates
The amendments clarify that in applying the equity method of accounting to an associate or a joint venture that
is an investment entity, an investor may retain the fair value measurements that the associate or joint venture
used for its subsidiaries. The adoption of the amendment has no significant impact on the Consolidated Entity’s
condensed consolidated financial statements.
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 an interest in a
joint operation in which the activities constitute a business, as defined in K-IFRS 1103 Business
Combinations. Specifically, the amendments state that the relevant principles on accounting for business
combinations in K-IFRS 1103 and other standards should be applied. The same requirements should be
applied to the formation of a joint operation if, and only if, an existing business is contributed to the joint
operation by one of the parties that participate in the joint operation. A joint operator is also required to
disclose the relevant information required by K-IFRS 1103 and other standards for business combinations.
The adoption of the amendment has no significant impact on the Consolidated Entity’s condensed
consolidated financial statements.

- 3 -
Annual Improvements to K-IFRS 2012-2014 cycle
The annual improvements include amendments to a number of K-IFRSs. The amendments introduce specific
guidance in K-IFRS 1105 Non-current Assets Held for Sale and Discontinued Operations when an entity
reclassifies an asset (or disposal group) from held for sale to held for distribution to owners (or vice versa);
such a change is considered as a continuation of the original plan of disposal, and not as a change in a plan of
sale. Other amendments to the Annual Improvements include K-IFRS 1107 Financial Instruments: Disclosures,
K-IFRS 1019 Employee Benefits and K-IFRS 1034 Interim Financial Reporting. The adoption of the
amendment 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 1109 – Financial Instruments
The amendments to K-IFRS 1109 contain the requirements for the classification and measurement of financial
assets and financial liabilities based on a business model whose objective is achieved both by collecting
contractual cash flows and selling financial assets and based on the contractual terms that give rise on specified
dates to cash flows, impairment methodology based on the expected credit losses, broadened types of
instruments that qualify as hedging instruments, the types of risk components of non-financial items that are
eligible for hedge accounting and the change in the hedge effectiveness test. The amendments are effective for
annual periods beginning on or after January 1, 2018.
Amendments to K-IFRS 1115 – Revenue from Contracts with Customers
The core principle under K-IFRS 1115 is that an entity should recognize revenue to depict the transfer of
promised goods or services to customers in an amount that reflects the consideration to which the entity expects
to be entitled in exchange for those goods or services. The amendments introduce a five-step approach to
revenue recognition and measurement: 1) Identify the contract with a customer, 2) Identify the performance
obligations in the contract, 3) Determine the transaction price, 4) Allocate the transaction price to the
performance obligations in the contract and 5) Recognize revenue when (or as) the entity satisfies a
performance obligation. This standard will supersede K-IFRS 1011 - Construction Contracts, K-IFRS 1018-
Revenue, K-IFRS 2113 - Customer Loyalty Programmes, K-IFRS 2115-Agreements for the Construction of
Real Estate, K-IFRS 2118 - Transfers of Assets from Customers and K-IFRS 2031-Revenue-Barter
Transactions Involving Advertising Services. The amendments are effective for annual periods beginning on or
after January 1, 2018.
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 those estimates.
The significant judgments that 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 as of and for the year ended December 31, 2015.

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4. RESTRICTED FINANCIAL ASSETS:
Details of restricted financial assets as of March 31, 2016, and December 31, 2015, are as follows (Unit:
Korean won in millions):
Type Entity March 31, 2016 December 31, 2015 Restriction
Cash and deposits KB Bank and others ￦ 18 ￦ 18 Guarantee deposits for
overdraft
Shinhan Bank and others 33,000 33,000 Secured deposits
Citibank 14,400 14,400 Deposits related to
securitization
Mirae Asset Securities 7 7 Social enterprise fund
Other assets Korea Asset Management
Corporation 6,995 6,995 Escrow account
￦ 54,420 ￦ 54,420
5. SECURITIES:
Securities as of March 31, 2016, and December, 31 2015, are as follows (Unit: Korean won in millions):
Trading:
Debt securities ￦ 406,825 ￦ 399,928
Equity securities 160,011 60,000
Subtotal 566,836 459,928
Financial assets AFS:
Unlisted shares investment 1,767 1,767
Total ￦ 568,603 ￦ 461,695
6. CARD ASSETS:
Details of card assets by customers as of March 31, 2016, and December 31, 2015, are as follows (Unit: Korean
won in millions):
March 31, 2016
Principal
Deferred origination
cost and fee
Present value of
discounts
Allowance for
doubtful accounts Book value
Card receivables:
Households ￦ 6,812,039 ￦ (9,660) ￦ (7,441) ￦ (72,131) ￦ 6,722,807
Corporates 535,943 - - (5,972) 529,971
Cash advances:
Households 833,743 - - (34,015) 799,728
Card loans:
Households 3,239,745 - (788) (148,223) 3,090,734
Total ￦ 11,421,470 ￦ (9,660) ￦ (8,229) ￦ (260,341) ￦ 11,143,240
December 31, 2015
Principal
Deferred origination
cost and fee
Present value of
discounts
Allowance for
doubtful accounts Book value
Card receivables:
Households ￦ 7,069,322 ￦ (8,643) ￦ (7,434) ￦ (72,107) ￦ 6,981,138
Corporates 542,606 - - (4,594) 538,012
Cash advances:
Households 827,003 - - (32,868) 794,135
Card loans:
Households 3,240,008 - (789) (145,917) 3,093,302
Total ￦ 11,678,939 ￦ (8,643) ￦ (8,223) ￦ (255,486) ￦ 11,406,587

- 5 -
7. ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Changes in the allowance for doubtful accounts for the three months ended March 31, 2016 and 2015, are as
follows (Unit: Korean won in millions):
Three months ended March 31, 2016
Card receivables Card advances Card loans Other assets Total
Beginning balance ￦ 76,701 ￦ 32,868 ￦ 145,917 ￦ 3,213 ￦ 258,699
Bad debt expenses (218) (98) (151) - (467)
Bad debt recovered 133 184 78 - 395
Disposition and repurchase (5,691) (3,338) (6,056) - (15,085)
Transfer of allowance for
doubtful accounts 7,178 4,399 8,435 800 20,812
Ending balance ￦ 78,103 ￦ 34,015 ￦ 148,223 ￦ 4,013 ￦ 264,354
Card receivables Card advances Card loans Other assets Total
Bad debt expenses (408) (62) (175) - (645)
Bad debt recovered 165 217 77 - 459
Disposition and repurchase (5,806) (3,381) (6,677) - (15,864)
Transfer (reversal) of
allowance for doubtful
accounts 3,972 2,446 8,957 (385) 14,990
Ending balance ￦ 69,445 ￦ 29,298 ￦ 136,422 ￦ 2,225 ￦ 237,390
8. PROPERTY, PLANT AND EQUIPMENT:
Changes in book value of property, plant and equipment for the three months ended March 31, 2016 and 2015,
are as follows (Unit: Korean won in millions):
Beginning
balance Acquisition Reclassification Disposal Depreciation
Ending
balance
Land ￦ 141,136 ￦ - ￦ - ￦ - ￦ - ￦ 141,136
Buildings 108,717 - - - (758) 107,959
Vehicles 2,260 - - - (46) 2,214
Fixtures and equipment 84,402 1,409 2,457 (350) (8,039) 79,879
Construction in progress 14,089 5,174 (2,546) - - 16,717
Total ￦ 350,604 ￦ 6,583 ￦ (89) ￦ (350) ￦ (8,843) ￦ 347,905
Beginning
balance Acquisition Reclassification Disposal Depreciation
Ending
balance
Land ￦ 138,257 ￦ - ￦ - ￦ - ￦ - ￦ 138,257
Buildings 104,473 - - (841) (710) 102,922
Vehicles 2,464 - - (16) (49) 2,399
Fixtures and equipment 87,856 1,835 1,829 (512) (9,279) 81,729
Construction in progress 23,380 6,464 (1,737) - - 28,107
Total ￦ 356,430 ￦ 8,299 ￦ 92 ￦ (1,369) ￦ (10,038) ￦ 353,414

- 6 -
9. INTANGIBLE ASSETS:
Changes in intangible assets for the three months ended March 31, 2016 and 2015, are as follows (Unit:
Beginning
balance Acquisition Reclassification Disposal Amortization
Ending
balance
Development cost ￦ 86,046 ￦ 994 ￦ 1,588 ￦ - ￦ (6,945) ￦ 81,683
Software 24,079 284 75 - (2,036) 22,402
Others 1,490 - - - (330) 1,160
Construction in progress 4,847 775 (1,667) - - 3,955
Membership 20,623 - - (600) - 20,023
Total ￦ 137,085 ￦ 2,053 ￦ (4) ￦ (600) ￦ (9,311) ￦ 129,223
Beginning
balance Acquisition Reclassification Amortization
Ending
balance
Development cost ￦ 98,710 ￦ 456 ￦ 238 ￦ (7,151) ￦ 92,253
Others 3,199 - - (514) 2,685
Construction in progress 11,144 5,930 (398) - 16,676
Membership 20,614 - - - 20,614
Total ￦ 133,667 ￦ 6,386 ￦ (160) ￦ (7,665) ￦ 132,228
10. BORROWINGS:
(1) Details of borrowings as of March 31, 2016, and December 31, 2015, are as follows (Unit: Korean won in
millions):
Lenders
Annual interest
rate (%) March 31, 2016 December 31, 2015
Short-term borrowings:
Commercial paper IBK Securities and others 1.64–1.99 ￦ 290,000 ￦ 240,000
Borrowings KB and others 2.56–2.93 330,000 300,000
Subtotal 620,000 540,000
Current portion of long-
term borrowings:
Borrowings SC Bank 3.76 50,000 50,000
Long-term borrowings:
Commercial paper IBK Securities and other 1.88–1.89 250,000 -
Total ￦ 920,000 ￦ 590,000
(2) Details of debentures as of March 31, 2016, and December 31, 2015, are as follows (Unit: Korean won in
millions):
Annual
interest rates (%) Maturity March 31, 2016
December 31,
2015
Short-term debentures 1.80–2.04 2016.09.25–2016.12.02 ￦ 140,000 ￦ 210,000
Current portion of long-term
debentures
1.81–5.15
2016.04.15–2017.03.27
2,251,505 1,770,000
Long-term debentures 1.67–5.50
2017.04.03–2026.03.06
5,743,410 6,557,680
Subtotal 8,134,915 8,537,680
Discounts on debenture (8,454) (9,796)
Debenture, net ￦ 8,126,461 ￦ 8,527,884
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.

- 7 -
11. RETIREMENT BENEFIT PLAN:
(1) Defined contribution plan
The expenses recognized in the condensed consolidated statement of comprehensive income related to
postemployment benefit plan under the defined contribution plan for the three months ended March 31, 2016
and 2015, are as follows (Unit: Korean won in millions):
Three months ended March 31
2016 2015
Defined contribution plan ￦ 35 ￦ 17
(2) Net defined benefit liability
The details of net defined benefit liability as of March 31, 2016, and December 31, 2015 are as follows (Unit:
Net defined benefit liability ￦ 26,351 ￦ 19,199
Long-term employee benefit 4,549 4,407
Total ￦ 30,900 ￦ 23,606
(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 three months ended March 31, 2016 and
2015, are as follows (Unit: Korean won in millions):
Present value of
defined benefit
obligation Plan assets
National Pension
Fund
Net defined benefit
obligation
Beginning balance ￦ 81,458 ￦ (62,238) ￦ (21) ￦ 19,199
Current service cost 3,600 - - 3,600
Interest expense (income) 485 (374) - 111
Return on plan assets,
excluding amounts
included in interest
income above - 125 - 125
Actuarial gains and losses
from changes in financial
assumptions 3,022 - - 3,022
Transfer of employees
between the affiliated
companies and its related
companies (516) 296 5 (215)
Benefits paid (588) 1,097 - 509
Ending balance ￦ 87,461 ￦ (61,094) ￦ (16) ￦ 26,351

- 8 -
Present value of
defined benefit
obligation Plan assets
National Pension
Fund
Net defined benefit
obligation
Beginning balance ￦ 69,739 ￦ (53,378) ￦ (29) ￦ 16,332
Current service cost 3,314 - - 3,314
Interest expense (income) 461 (354) - 107
Return on plan assets,
excluding amounts
included in interest
income above - 83 - 83
Actuarial gains and losses
from changes in financial
assumptions 3,971 - - 3,971
Transfer of employees
between the affiliated
companies and its related
companies (100) 137 - 37
Benefits paid (2,841) 1,156 - (1,685)
Ending balance ￦ 74,544 ￦ (52,356) ￦ (29) ￦ 22,159
(4) Long-Term Employee Benefits
Changes in present value of long-term employee benefits liability for the three months ended March 31, 2016
2016 2015
Beginning balance ￦ 4,407 ￦ 3,553
Current service cost 132 109
Interest cost 29 27
Actuarial gains and losses 141 170
Benefits paid (160) (141)
Ending balance ￦ 4,549 ￦ 3,718
12. PROVISIONS:
Changes in provisions for the three months ended March 31, 2016 and 2015, are as follows (Unit: Korean won
in millions):
Unused
commitment Point
Asset retirement
obligation Others Total
Increase (decrease) 1,455 (1,659) (182) - (386)
Ending balance ￦ 54,543 ￦ 26,830 ￦ 6,154 ￦ 8,147 ￦ 95,674
Unused
commitment Point
Asset retirement
obligation Others Total
Increase (decrease) 743 6,251 (148) 1 6,847
Ending balance ￦ 46,632 ￦ 28,995 ￦ 5,389 ￦ 9,386 ￦ 90,402
Other provisions include provision for deposits in escrow account and for pending litigations amounting to
￦2,233 million (see Note 24(4)) and ￦5,914 million, respectively, as of March 31, 2016. Also, provision for
pending litigations includes the provision related to deposits in escrow account amounting to ￦4,467 million.

- 9 -
13. DERIVATIVES AND HEDGE ACCOUNTING:
(1) There are no derivative instruments held for trading as of March 31, 2016, and December 31, 2015.
(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, 2015.
1) Fair value of cash flow hedge as of March 31, 2016, and December 31, 2015, are as follows (Unit: Korean
won in millions):
March 31, 2016
Unsettled
contract amount Assets Liabilities
Accumulated other
comprehensive
loss (*1)
Interest rate swap ￦ 1,175,000 ￦ 1 ￦ 17,979 ￦ (13,753)
Cross-currency swap 795,915 27,667 4,401 (6,398)
Total ￦ 1,970,915 ￦ 27,668 ￦ 22,380 ￦ (20,151)
December 31, 2015
Unsettled
contract amount Assets Liabilities
Accumulated other
comprehensive
loss (*1)
Interest rate swap ￦ 1,175,000 ￦ 21 ￦ 17,744 ￦ (13,469)
Cross-currency swap 808,680 39,563 - (3,673)
Total ￦ 1,983,680 ￦ 39,584 ￦ 17,744 ￦ (17,142)
(*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 amounts 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 three months ended March 31, 2016
and 2015.
14. PLANNED RESERVES FOR BAD LOANS:
(1) Details of planned reserves for bad loans as of March 31, 2016, and December 31, 2015, are as follows
(Unit: Korean won in millions):
Accumulated reserve for bad loans ￦ 640,026 ￦ 666,023
Transfer (reversal) to planned reserve for bad loans 2,680 (25,997)
Reserve for bad loans ￦ 642,706 ￦ 640,026

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(2) Reversal to planned reserve for bad loans and net income after the reserve provided for the three months
ended March 31, 2016 and 2015, are as follows (Unit: Korean won in millions, except for earnings per
share):
2016 2015
Net income ￦ 53,584 ￦ 62,167
Transfer (reversal) to planned reserve for bad loans 2,680 (36,876)
Net income after the planned reserve provided 50,904 99,043
Earnings per share after the planned reserve provided 317 617
15. RETAINED EARNINGS:
(1) Details of retained earnings as of March 31, 2016, and December 31, 2015, are as follows (Unit: Korean
won in millions):
Legal reserve (*1) ￦ 45,127 ￦ 20,143
Planned reserve for bad loans (Note 14) 640,026 666,023
Unappropriated retained earnings 1,040,816 986,219
Total ￦ 1,725,969 ￦ 1,672,385
(*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-up 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 three months ended March 31, 2016 and 2015, are as follows (Unit:
2016 2015
Beginning balance ￦ 1,672,385 ￦ 1,735,468
Net income 53,584 62,167
Ending balance ￦ 1,725,969 ￦ 1,797,635
16. NET INTEREST EXPENSE:
Net interest expense from financial instruments for the three months ended March 31, 2016 and 2015, are as
2016 2015
Interest income:
Cash and deposits ￦ 5,034 ￦ 5,739
Others 223 554
Total 5,257 6,293
Interest expenses:
Borrowings 4,190 2,026
Debentures 62,576 70,192
Others 28 5
Total 66,794 72,223
Net interest expenses ￦ (61,537) ￦ (65,930)

- 11 -
17. NET COMMISSION INCOME:
Net commission income (expenses) from financial instruments for the three months ended March 31, 2016 and
2016 2015
Commission income:
Card income ￦ 411,143 ￦ 380,588
Total 411,143 380,588
Commission expenses:
Service fee 150,315 131,698
Financial payment fee 2,160 2,307
Handling fee relating to credit purchase 36,394 37,894
Merchant’s co-payment fee 12 13
Overseas payment fee 12,038 10,517
Other 11,273 10,682
Total 212,192 193,111
Net commission income ￦ 198,951 ￦ 187,477
18. OTHER OPERATING REVENUE AND EXPENSES:
Other operating revenues and expenses for the three months ended March 31, 2016 and 2015, are as follows
2016 2015
Other operating revenue:
Foreign exchange gain 4,133 3,467
Foreign currency translation gain 12,765 -
Gain on derivatives transactions - 2,200
Gain on valuation of derivatives - 3,229
Others 8,380 5,017
Total 25,278 13,913
Commission expense:
Foreign exchange loss 1,428 3,473
Foreign currency translation loss - 3,229
Loss on derivatives transactions 12,765 -
Others 6,604 6,600
Total 20,797 13,302

- 12 -
19. GENERAL AND ADMINISTRATIVE EXPENSES:
Details of general and administrative expenses for the three months ended March 31, 2016 and 2015, are as
2016 2015
Salaries and wages ￦ 36,340 ￦ 45,441
Pension expenses 3,747 3,438
Employee benefits 7,936 7,396
Travel expenses 621 544
Communication expenses 7,671 7,880
Posts expenses 3,924 4,772
Rental expenses 6,231 6,500
Taxes dues 5,894 4,934
Repair and maintenance expenses 328 161
Insurance expenses 64 50
Entertainment expenses 104 141
Advertising expenses 10,307 5,755
Supplies 565 708
Vehicle maintenance expenses 3 3
Periodicals expenses 93 36
Publication expenses 1,824 2,003
Training expenses 902 1,419
Electronic data processing expenses 11,738 10,140
Expense for temporary staff 1,563 2,250
Professional service expenses 32,582 31,437
Delivery commission 339 420
Commission expenses 7,329 6,781
Business activity expenses 564 676
Depreciation expenses 8,843 10,038
Amortization expenses 9,311 7,665
Event expenses 678 436
Conference expenses 71 60
Building administrative expenses 2,081 1,885
Total ￦ 161,653 ￦ 162,969
20. INCOME TAX EXPENSES:
(1) Income tax expenses for the three months ended March 31, 2016 and 2015, are as follows (Unit: Korean
won in millions):
2016 2015
Income tax currently payable ￦ 14,213 ￦ 15,009
Changes in deferred income tax assets 3,895 641
Changes in income tax expense reflected directly in
shareholders’ equity
1,377 1,890
Income tax expense ￦ 19,485 ￦ 17,540

- 13 -
(2) Income tax expenses reflected directly in shareholders’ equity for the three months ended March 31, 2016
January 1, 2016 Increase March 31, 2016
Tax effect related to cash flow hedging reserve loss ￦ 5,413 ￦ 777 ￦ 6,190
Tax effect related to remeasurements of net defined
benefit liability 6,708 600 7,308
Total ￦ 12,121 ￦ 1,377 ￦ 13,498
January 1, 2015 Increase March 31, 2015
Tax effect related to cash flow hedging reserve loss ￦ 6,537 ￦ 1,082 ￦ 7,619
Tax effect related to remeasurements of net defined
benefit liability 6,166 808 6,974
Total ￦ 12,703 ￦ 1,890 ￦ 14,593
(3) A reconciliation between income before income tax and income tax expense for the three months ended
March 31, 2016 and 2015, is as follows (Unit: Korean won in millions):
2016 2015
Net income before income tax ￦ 73,069 ￦ 79,707
Net income tax payable by the statutory income tax rates (*) 17,221 18,827
Tax reconciliations:
Others 2,264 (1,287)
Subtotal 2,264 (1,287)
Income tax expense for continued operation 19,485 17,540
Effective tax rates (income tax/income before income tax) 26.67% 22.01%
(*) 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.
21. EARNINGS PER SHARE:
(1) Basic earnings per share for the three months ended March 31, 2016 and 2015, are as follows (Unit: Korean
won):
2016 2015
Net income (A) ￦ 53,583,699,462 ￦ 62,167,320,710
Weighted-average
number of shares (B) 160,465,286 shares 160,465,286 shares
Net income per share (A/B) ￦ 334 ￦ 387
(2) Diluted earnings per share
As there were no discontinued operations during the three months ended March 31, 2016 and 2015, basic
earnings per share are the same as basic earnings per share from continuing operations.

- 14 -
22. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
Changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and
March 31, 2016
Changes
Beginning
balance
Reclassification
of profit or loss Other
Income tax
effects
Ending
balance
Gain (loss) on valuation
of derivatives ￦ (17,142) ￦ 7 ￦ (3,793) ￦ 777 ￦ (20,151)
defined benefit liability (21,242) - (3,147) 600 (23,789)
Total ￦ (38,384) ￦ 7 ￦ (6,940) ￦ 1,377 ￦ (43,940)
March 31, 2015
Changes
Beginning
balance
Reclassification
of profit or loss Other
Income tax
effects
Ending
balance
Gain (loss) on valuation
of derivatives ￦ (20,648) ￦ 117 ￦ (5,377) ￦ 1,082 ￦ (24,826)
defined benefit liability (19,470) - (4,054) 808 (22,716)
Total ￦ (40,118) ￦ 117 ￦ (9,431) ￦ 1,890 ￦ (47,542)
23. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS:
(1) Cash and cash equivalents
Cash and cash equivalents in the condensed consolidated statement of cash flows are as follows (Unit: Korean
won in millions):
March 31, 2016 March 31, 2015
Ordinary deposits ￦ 163,629 ￦ 145,184
Current deposits 326 27
Time deposits - 13,500
Other cash and cash equivalents 392,726 396,983
Total ￦ 556,681 ￦ 555,694

- 15 -
(2) Cash generated from operating activities
Cash generated from operating activities are as follows (Unit: Korean won in millions):
2016 2015
Net income ￦ 53,584 ￦ 62,167
Adjustments:
Income tax expense 19,485 17,540
Interest income (5,257) (6,293)
Interest expense 66,794 72,223
Dividends received (136) (147)
Bad debt expenses and losses on disposal of receivables 58,616 55,440
Retirement benefits 3,747 3,421
Long-term employee benefits 302 306
Depreciation expenses 8,843 10,038
Amortization expenses 9,311 7,665
Losses on foreign currency translation - 3,229
Losses on valuation of derivatives 12,765 -
Increase in provision for unused credit limit 1,455 743
Losses from sale of property, plant and equipment 41 1,209
Losses from sale of intangible assets 25 -
Sales promotional expenses 8,852 8,402
Increase (decrease) in provision for others (1,892) 6,251
Other operating expenses 144 437
Gains on valuation of trading securities (1,020) (195)
Gains on disposal of AFS securities (16) (25)
Gains on foreign currency translation (12,765) -
Gains on valuation of derivatives - (3,229)
Amortization of present value of discounts of card assets (8,924) (9,095)
Amortization of deferred origination cost and fee of card assets (6,213) (5,984)
Gains from sale of property, plant and equipment (93) (20)
Gains from sale of intangible assets (10) -
Other operating revenues (6) (9)
Subtotal 154,048 161,907
Changes in operating assets and liabilities:
Decrease (increase) in trading securities (105,887) 233,106
Decrease in card assets 211,815 304,685
Increase in deposits (14,400) -
Decrease (increase) in other assets 7,297 (28,500)
Decrease (increase) in guarantee deposits (2,389) 796
Decrease (increase) in derivative assets 600 (343)
Decrease in net defined benefit liabilities (376) (1,648)
Decrease in long-term employee benefits - (141)
Decrease in derivative liabilities (600) (3,083)
Increase (decrease) in other liabilities (92,164) 43,911
Subtotal 3,896 548,783
Total ￦ 211,528 ￦ 772,857
The cash and cash equivalents in the condensed consolidated statement of cash flows are the same as the
cash and cash equivalents in the condensed consolidated statement of financial position.

- 16 -
24. CONTINGENCIES AND COMMITMENTS:
(1) Credit line agreement
The credit line agreements as of March 31, 2016, and December 31, 2015, are as follows (Unit: Korean won in
millions):
Type Financial instruments March 31, 2016 December 31, 2015
Intraday overdraft limit Shinhan Bank
and 13 others ￦ 542,600 ￦ 542,600
(2) Revolving Credit Facility
As the Consolidated Entity has a revolving credit facility agreement with many financial institutions for credit
line as of March 31, 2016, the Consolidated Entity made a revolving credit facility agreement for ￦490
billion with Kookmin Bank and nine others for credit line as of March 31, 2016.
(3) Pending litigations
As of March 31, 2016, the Consolidated Entity is involved in 19 cases (￦32,534 million) as a defendant, 13
cases (￦17,999 million) as a plaintiff and the cases for debt collection against multiple debtors in the
important pending litigations. The Consolidated Entity records ￦5,914 million for other provisions regarding
the cases as a defendant. 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).
(4) Deposit for Loss Reimbursement
As of March 31, 2016, the Consolidated Entity has deposits of ￦2,233 million and ￦4,763 million of
proceeds and interests, respectively, from the sale of Daewoo Engineering & Construction Co., Ltd.’s shares in
an escrow account and records ￦2,233 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).
(5) 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.
(6) 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.
(7) Insurance for the implementation of the liability for damages
The Consolidated Entity has an insured value of ￦1 billion for the implementation of the liability for damages
in accordance with Article 43 of Credit Information Act.
(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.

- 17 -
(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
Related parties consist of entities related to the Consolidated Entity, postemployment benefits, a key
management personnel and a close member of that person’s family; an entity controlled or jointly controlled;
and an entity influenced significantly.
Details of the related parties as of March 31, 2016, 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 Country Club, Haevichi Hotels&Resorts, 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.
(2) Outstanding transactions with the related parties for the three months ended March 31, 2016 and 2015, 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 ￦ 31,636 ￦ - ￦ - ￦ 4,043 ￦ 88 ￦ 146 ￦ - ￦ - ￦ -
Other related parties:
Hyundai Capital 234 114 5,362 3,396 649 5,774 - - 88,994
Hyundai Life 2,258 49 - - 1,108 - - - -
Kia Motor
Company
12,247 - - - 2 38 - - -
Hyundai Auto
Ever Systems
1,097 - - - 12,354 - - 910 -
Hyundai
Commercial
17 189 377 17 - 619 - - -
Others 906 2 - 11 4,842 - 2,511 - -
Total ￦ 48,395 ￦ 354 ￦5,739 ￦ 7,467 ￦ 19,043 ￦6,577 ￦ 2,511 ￦ 910 ￦ 88,994

- 18 -
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 ￦28,203 ￦ - ￦ - ￦ - ￦ 186 ￦ 2 ￦ - ￦ - ￦ -
Hyundai Capital 17 116 4,023 7,456 656 4,316 - - 92,560
Hyundai Life 964 48 - - 1,010 - - - -
Kia Motor
Company
9,606 - - - 7 - - - -
Hyundai Auto
Ever Systems
1,312 - - - 9,436 628 - 4,380 -
Hyundai
Commercial
- 202 167 - - 552 - - -
Others 802 3 1 27 2,590 - 1,799 - -
Total ￦40,904 ￦ 369 ￦4,191 ￦ 7,483 ￦ 13,885 ￦ 5,498 ￦ 1,799 ￦ 4,380 ￦ 92,560
(3) Receivables and payables (except for borrowings) from the transactions with the related parties as of March
31, 2016, and December 31, 2015, are as follows (Unit: Korean won in millions):
March 31, 2016
Receivable Payables
Card assets Others
Accounts
payable Others
Parent company:
Hyundai Motor Company ￦ 41,610 ￦ 2,133 ￦ 31,631 ￦ -
Hyundai Capital 146,734 499 905 265
Hyundai Life 406 61,922 128 84
Kia Motor Company 20,215 - 14,281 -
Hyundai Auto Ever Systems 10,685 - 2,553 2
Hyundai Commercial 6,688 - - 424
Others 23,342 - 9,939 -
Total ￦ 249,680 ￦ 64,554 ￦ 59,437 ￦ 775
December 31, 2015
Receivable Payables
Card assets Others
Accounts
payable Others
Parent company:
Hyundai Motor Company ￦ 46,492 ￦ 2,153 ￦ 39,143 ￦ -
Hyundai Capital 111,407 423 1,038 248
Hyundai Life 1,564 59,597 139 101
Kia Motor Company 21,925 - 10,666 -
Hyundai Auto Ever Systems 5,223 - 4,017 -
Hyundai Commercial 2,472 - - 424
Others 27,521 - 11,424 -
Total ￦ 216,604 ￦ 62,173 ￦ 66,427 ￦ 773

- 19 -
(4) Compensation for key management for the three months ended March 31, 2016 and 2015, is as follows
2016 2015
Short-term employee benefit ￦ 1,770 ￦ 3,644
Retirement benefit 480 491
Other long-term employee benefit - 3
Total ￦ 2,250 ￦ 4,138
(5) There were no borrowing transactions with the related parties for the three months ended March 31, 2016
and 2015.
(6) There were no lending transactions with the related parties for the three months ended March 31, 2016 and
2015.
(7) As of March 31, 2016, 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 Consolidated Entity transferred receivables to Privia 4th SPC, Privia 5th SPC and Super Series 1st SPC
(hereafter, “SPC”) in order to securitize assets. SPC issued subordinate asset-backed securities with transferred
receivables as underlying asset, and as the Consolidated Entity is providing credit reinforcement by acquiring
such subordinate asset-backed securities, should any bad debt incur in receivables being the underlying asset,
the risk preferentially belongs to the Consolidated Entity. SPC has recourse to drawer only in regard to the
receivables transferred. Even after transfer of receivables, the Consolidated Entity owns majority of risks and
indemnity for such asset; hence, this transaction was accounted as secured loan.
Transferred financial assets that are not derecognized in their entirety and the associated liabilities as of March
31, 2016, and December 31, 2015, are as follows (Unit: Korean won in millions):
March 31, 2016
December 31,
2015
Securitized card assets
Book value of assets ￦ 2,792,107 ￦ 2,896,759
Book value of relevant liabilities 1,091,183 1,103,302
Liabilities that have recourse only to the transferred financial assets:
Fair value of assets 3,199,777 3,279,507
Fair value of relevant liabilities 1,097,961 1,110,368
Net position ￦ 2,101,816 ￦ 2,169,139

- 20 -
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 March 31, 2016, and December 31, 2015, are as follows (Unit: Korean
won in millions):
March 31, 2016
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 ￦ 27,668 ￦ - ￦ 27,668 ￦ 4,401 ￦ - ￦ 23,267
Financial liabilities:
Derivative liabilities 22,380 - 22,380 4,401 - 17,979
December 31, 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 ￦ 39,584 ￦ - ￦ 39,584 ￦ 21 ￦ - ￦ 39,563
Derivative liabilities 17,744 - 17,744 21 - 17,723
28. FINANCIAL ASSETS AND LIABILITIES:
(1) The fair value of financial assets and liabilities as of March 31, 2016, and December 31, 2015, are as
Book value Fair value Book value Fair value
Assets:
Financial assets:
Cash and deposits ￦ 604,106 ￦ 604,106 ￦ 538,767 ￦ 538,767
Investment financial assets 568,603 568,603 461,695 461,695
Card assets 11,143,240 12,404,114 11,406,587 12,693,621
Other financial assets 197,140 197,140 214,031 214,031
Total ￦ 12,513,089 ￦ 13,773,963 ￦ 12,621,080 ￦ 13,908,114
Liabilities:
Borrowings ￦ 920,000 ￦ 920,942 ￦ 590,000 ￦ 590,070
Debentures 8,126,461 8,313,510 8,527,884 8,702,292
Other financial liabilities 1,149,851 1,149,851 1,246,644 1,246,644
Total ￦ 10,196,312 ￦ 10,384,303 ￦ 10,364,528 ￦ 10,539,006
The Consolidated Entity’s valuation techniques and relevant policies with regard to the fair value are the same
as those used for the previous period.

- 21 -
(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 statement of financial position as of March 31, 2016, and December 31, 2015 (Unit:
March 31, 2016
Fair value hierarchy
Book value Fair value Level 1 Level 2 Level 3
Financial assets:
Trading securities ￦ 566,836 ￦ 566,836 ￦ - ￦ 566,836 ￦ -
Derivative assets 27,668 27,668 - 27,668 -
Derivative liabilities 22,380 22,380 - 22,380 -
December 31, 2015
Fair value hierarchy
Book value Fair value Level 1 Level 2 Level 3
Financial assets:
Trading securities ￦ 459,928 ￦ 459,928 ￦ - ￦ 459,928 ￦ -
Derivative assets 39,584 39,584 - 39,584 -
Derivative liabilities 17,744 17,744 - 17,744 -
The table below provides the Consolidated Entity’s financial assets and financial liabilities that are carried at
cost as the fair values of the financial instruments are not readily determinable in the condensed consolidated
statement of financial position as of March 31, 2016, and December 31, 2015 (Unit: Korean won in millions):
Description March 31, 2016 December 31, 2015
Investment financial assets:
AFS securities (*1) Unlisted equity securities ￦ 1,767 ￦ 1,767
(*1) AFS securities are recorded at cost as 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 millions of Korean won)
Current / Prior
Fair
Value
Hierarchy
Valuation Techniques
Notable
Unobservable
Inputs and
Extent
Card assets Assets ￦12,404,114 ￦12,693,621 Level 3 Discounted Cash Flow (“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 and
discount rate
per creditors

- 22 -
Description Classification
Fair Value
(In millions of Korean won)
Current / Prior
Fair
Value
Hierarchy
Valuation Techniques
Notable
Unobservable
Inputs and
Extent
Leasehold
deposits
provided
Assets 34,856 32,467 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.
N/A
Trading
securities
Assets 566,836 459,928 Level 2 DCF model is used to determine
the fair value of trading securities.
The fair value is determined by
considering the similar credit
grade with the debt security
issuer.
N/A
Borrowings Liabilities 9,234,452 9,292,362 Level 2 DCF model is used to determine
the fair value of borrowings. The
fair value is determined by
considering the Consolidated
Entity’s credit grade.
N/A
Leasehold
deposits
received
Liabilities 9,356 9,081 Level 2 DCF model is used to determine
the fair value of lease deposits
received. The fair value is
determined by discounting the
expected cash flows with the
market interest rate considering
the Consolidated Entity’s credit
grade.
N/A
Interest rate
swap
Assets 1 21 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
Liabilities 17,979 17,744
Currency
swaps
Assets 27,667 39,563 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.
N/A
Liabilities 4,401 -

- 23 -
(5) Changes in financial assets and liabilities classified as Level 3 that are measured at fair value for the three
months ended March 31, 2016, and December 31, 2015, are as follows:
March 31, 2016
Begin
ning
Gains/
Losses
Other
Comprehensive
Income (loss)
Purchases/
Issues
Sales/
Settlements To/From Level 3 Ending
Financial instruments:
Derivatives assets ￦ - ￦ - ￦ - ￦ - ￦ - ￦ - ￦ -
December 31, 2015
Begin
ning
Gains/
Losses
Other
Comprehensive
Income (loss)
Purchases/
Issues
Sales/
Settlements To/From Level 3 Ending
Financial instruments:
Derivatives assets ￦80 ￦ - ￦ - ￦ - ￦ (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 March 31, 2016.
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, 2015.
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 of more than 8%.
Details of adjusted capital adequacy ratio as of March 31, 2016, and December 31, 2015, are as follows (Unit:
Adjusted total assets (A) ￦ 11,967,891 ￦ 12,107,908
Adjusted total capital (B) 2,126,936 2,060,972
Adjusted capital adequacy ratio (B/A) 17.77% 17.02%

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