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

Doosan Heavy Industries & Construction Co., Ltd. and SubsidiariesNotes to the Consolidated Financial StatementsFor the years ended December 31, 2012 and 201138. Non-current assets held for saleThe Group reclassified the book value of Gyeonggi Expressway Co., Ltd. from equity method investments toassets held for sale upon the decision of the Board of Directors dated September 21, 2012. Efforts to sellthe investment have commenced, and a sale is expected to be completed by December 2013. As of theend of reporting period, the non-current assets held for sale are as follows:(In millions of won) 2012Asset held for sale:- Gyeonggi Expressway Co., Ltd. ₩ 22,57139. Subsequent EventsThe Board of directors of the Controlling Company resolved as of February 4, 2013 that the ControllingCompany will participate in the capital increase and contribution in kind of Doosan Engineering &Construction Co., Ltd. planned in April 2013.(1) Contribution in kind- The Controlling Company will transfer Heat Recovery Steam Generator (the ‘‘HRSG’’) business to DoosanEngineering & Construction Co., Ltd. In exchange of newly issued shares.- The expected value of shares to be issued in consideration ₩ 571.6 billion(2) Capital increase- The Controlling Company will participate in the capital increase by cash Doosan Engineering & ConstructionCo., Ltd. In proportion of its interests (72.74%).- ₩ 305.5 billion (subject to change)84