Fact Source: Financial Supervisory Service DART
💡 Executive Summary
Hanwha Ocean filed a correction disclosure regarding its contract for one Field Control Station (FCS) with an Oceanian shipowner, revising the contract amount upward to KRW 912.0B from KRW 905.2B.
📊 [Key Disclosure Details & Financial Summary]
1. Correction Disclosure Overview
- Target Disclosure: Sales and Supply Contract (Initial Filing Date: 2022-01-11 / Prior Filing Date: 2025-06-05)
- Reason for Correction: Revision of contract amount (Increase)
2. Contract Terms & Financial Scale Revisions
- Contract Name: 1 Field Control Station (FCS)
- Contract Amount:
- (Before) KRW 905,200,000,000 (KRW 905.2B)
- (After) KRW 912,000,000,000 (KRW 912.0B / KRW 6.8B increase)
- Recent Revenue: KRW 7,030,200,000,000 (KRW 7.0302T based on FY2020 consolidated financial statements at initial award)
- Ratio to Revenue: (Before) 12.9% → (After) 13.0%
- Contracting Party & Region: Oceanian Shipowner (No special relationship) / Oceania Region
3. Contract Period & Other Notes
- Start Date: 2022-02-01
- End Date: 2026-07-18
- Contract Date: 2022-01-10
- Applied FX Rates: Multi-currency contract using FX rates as of contract date 2022-01-10 (USD/KRW = 1,202.40, etc.)
- Project Structure: Two-stage structure (Stage 1: Design verification & execution prep; Stage 2: Main construction execution)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Revenue Recognition and Construction Schedule Post Contract Amount Adjustment
This filing notifies the market that Hanwha Ocean adjusted the contract value upward by KRW 6.8B to KRW 912.0B for its 2022 FCS order during the project execution process.
Verifying whether the adjusted contract amount is reflected in financial results and ensuring that construction proceeds as scheduled through the contract end date (July 18, 2026) is important for tracking project execution.
Progress regarding construction schedule and final settlement figures can be tracked through future official periodic filings, such as Quarterly, Semi-Annual, and Annual Reports, or subsequent correction disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official filing data from the Financial Supervisory Service DART system.
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