Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the first quarter of fiscal year 2004, with a report date of April 23, 2004. The filing presents tentative financial performance figures for Woori Bank, a wholly-owned subsidiary of the registrant.
Key Financial Metrics
The following key financial figures for Woori Bank are reported in billions of KRW, unless otherwise noted:
- Operating Income: 914.0 billion KRW
- Net Income: 263.8 billion KRW
- Total Assets: 118.4 trillion KRW
The filing does not provide specific data regarding cash flow, debt levels, liquidity ratios, or profit margins beyond the aggregate income figures.
Material Changes Versus Prior Period
Compared to the first quarter of FY2002, Woori Bank reported significant growth across all reported metrics:
- Operating Income: Increased by 18.1% (from 774.0 billion KRW).
- Net Income: Increased by 28.6% (from 205.1 billion KRW).
- Total Assets: Increased by 10.6% (from 107.1 trillion KRW).
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific discussion of risks and contingencies. The document explicitly states that the figures provided are tentative interim numbers and are subject to adjustments.
Investor Verification Checklist
- Verify the final audited figures for Q1 FY2004, as the current numbers are tentative and subject to adjustment.
- Confirm the specific composition of the 18.1% increase in operating income to understand the drivers of growth.
- Review subsequent filings for detailed breakdowns of cash flow, debt obligations, and liquidity positions, which are absent in this summary.