DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD. AND ...

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Doosan Heavy Industries & Construction Co., Ltd. and SubsidiariesNotes to the Consolidated Financial StatementsFor the years ended December 31, 2012 and 201135. Related Parties(1) As of December 31, 2012, the details of the Group's related parties are as follows:Company Items of investment LocationAssociate Doosan Engineering & Construction Co., Ltd. Korea‘‘ Doosan Infracore Co., Ltd. Korea‘‘ Doosan Engine Co., Ltd. Korea‘‘ Doosan Capital Co., Ltd. Korea‘‘ Doosan Power Projects Australia Australia‘‘ Tam-la seaward wind power generation Korea‘‘ Doosan Hailong Cement Co. Vietnam‘‘ Doosan Malaysia SDN. BHD. Malaysia‘‘ Doosan Heavy Industries & Construction Prim KoreaJoint venture Hanjung Power Ltd. Papua New Guinea‘‘ Haman Industrial Complex Korea(2) The major related party transactions for 2012 and 2011 in connection with business operations are asfollows:(In millions ofwon) 2012 2011RelationshipSales andothers InvestmentPurchasesand othersSales andothers InvestmentPurchasesand othersCompany whichhas significantinfluence on₩ 2,517 - - 273,961 5,048 - 135,795the GroupAssociate 194,125 6,862 27,503 272,241 218,850 26,040Joint venture 25,930 - - - 17,894 - -Others 7,101 - - 52,776 3,516 - 39,384₩ 229,673 6,862 354,240 298,699 218,850 201,21980
Doosan Heavy Industries & Construction Co., Ltd. and SubsidiariesNotes to the Consolidated Financial StatementsFor the years ended December 31, 2012 and 201135. Related Parties, Continued(3) As of the end of report periods, significant receivables and payables between the Group and relatedparites are as follows:(In millions of won) 2012 2011Relationship Receivables Payables Receivables PayablesCompany which hassignificant influence ₩ 395 48,069 1,514 38,767on the GroupAssociate 31,326 10,518 16,077 5,489Joint venture 15,557 - 6,006 -Others 6,105 21,012 5,454 12,663₩ 53,383 79,599 29,051 56,919(4) Registered officers, non-registered officers and head officers of each department who has significantauthority and responsibility for business activities, planning, operations, and controls are defined as keymanagement personnel and details of compensation for the key management personnel during 2012 and2011 are as follows:(In millions of won) 2012 2011Executivecompensations ₩56,152 53,600Severance benefits 2,393 2,179Share-based payment 3,281 2,780₩ 61,826 58,559(5) As of December 31, 2012, details of guarantee provided by the Group to related parites are summarizedas follows:Providing partyProvided partyGuaranteedamount(million won)Type of guaranteeRecipients ofthe guaranteeDoosan HeavyIndustries&ConstructionHaman IndustrialKyongNamComplex ₩6,000 PF guaranteeBankGyeonggiExpressway Co,.825 PF guarantee Shinhan BankLtd.Total ₩ 6,82581
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DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD. AND ...

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