Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) dated March 27, 2007, reports on the results of the Annual General Meeting of Shareholders held on March 26, 2007, for its wholly owned subsidiary, Woori Bank. The filing covers the fiscal year 2006 financial results and corporate governance updates.
Key Financial Metrics (Fiscal Year 2006)
The following financial data pertains to Woori Bank for the fiscal year ended December 31, 2006 (units in millions of KRW unless otherwise noted):
| Metric | Value |
|---|---|
| Total Assets | 166,405,304 |
| Total Liabilities | 155,108,700 |
| Shareholder's Equity | 11,296,604 |
| Paid-in Capital | 3,179,783 |
| Revenue | 14,280,872 |
| Operating Revenue | 1,623,990 |
| Net Income | 1,642,734 |
| Earnings Per Share (KRW) | 2,583 |
| Dividend Per Share (KRW) | 668 |
| Total Dividend Amount | 424,818,995,440 |
The filing text does not provide specific data on cash flow, debt ratios, or liquidity metrics beyond total liabilities and equity.
Material Changes and Corporate Actions
- Financial Statement Approval: Shareholders approved the financial statements for fiscal year 2006.
- Articles of Association Amendment: A partial amendment was approved to more clearly delineate the roles of the Bank CEO and the Chairman of the Board of Directors.
- Board Appointments: The meeting approved the appointment of new executive directors and non-standing directors to serve as Audit Committee members.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future outlook, specific risk factors, or contingencies. The document is strictly a report of the shareholder meeting outcomes and historical financial data for fiscal year 2006.
Key Facts for Investor Verification
- Verify the total dividend payout of approximately 424.8 billion KRW against the declared dividend per share of 668 KRW.
- Confirm the specific details of the amended articles of association regarding the separation of duties between the CEO and Chairman.
- Review the backgrounds of the newly appointed directors, particularly those joining the Audit Committee, to assess independence and expertise.
- Note that the financial data provided is for Woori Bank (subsidiary) and may not represent the consolidated figures for Woori Finance Holdings Co., Ltd.