Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the month of March 2006. The report specifically addresses a change in the corporate structure regarding a subsidiary of Woori Bank, which is a wholly-owned subsidiary of the registrant.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, or margin data for the parent company or Woori Bank. It provides specific balance sheet figures for the subsidiary, Woori First Private Equity, as of December 31, 2005:
- Total Assets: 28,872,326,676 Won
- Shareholders' Equity: 28,108,702,948 Won
- Total Liabilities: 763,623,728 Won
- Paid-in Capital: 22,693,199,393 Won
Material Changes
On March 31, 2006, Woori First Private Equity was deleted from the list of subsidiaries of Woori Bank. The reason for this deletion was the registration of liquidation for the subsidiary.
Outlook, Risks, and Management Commentary
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific event of the subsidiary's liquidation. No unusual items were reported.
Investor Verification Checklist
- Confirm the effective date of the liquidation registration for Woori First Private Equity (March 31, 2006).
- Verify the financial status of Woori First Private Equity using the provided December 31, 2005 figures.
- Check subsequent filings to ensure the liquidation process was completed without material impact on Woori Bank's consolidated financial statements.