Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing is a corrected disclosure by Hanwha Ocean reflecting an increase in contract value (from KRW 811.0B to KRW 905.2B) and an extension of the completion date (from Jan 19, 2026 to Jul 18, 2026) for the Field Control Station (FCS) unit construction contract with an Oceanian shipowner.
📊 Key Filing Details & Key Figures Summary
1. Correction Details & Reason
- Original Disclosure: Sales and Supply Contract (Originally Filed: December 22, 2023)
- Reason for Correction: Changes in contract amount and contract period
- Corrected Items:
- Contract Amount: (Before) KRW 811,000,000,000 → (After) KRW 905,200,000,000
- Ratio to Recent Revenue: (Before) 11.5% → (After) 12.9%
- Contract End Date: (Before) January 19, 2026 → (After) July 18, 2026
2. Key Contract Details
- Contract Type: Construction Contract
- Contract Title: 1 Field Control Station (FCS)
- Contract Amount: KRW 905,200,000,000
- Recent Revenue: KRW 7,030,200,000,000 (Based on consolidated financial statements as of year-end 2020)
- Ratio to Recent Revenue: 12.9%
- Large Corporation Status: Applicable
3. Counterparty & Terms
- Counterparty: Oceanian Shipowner (Relationship: None)
- Sales/Supply Region: Oceania
- Contract Period: February 1, 2022 ~ July 18, 2026
- Key Terms: Down payment/Advance payment not included; Payments collected according to construction progress
- Contract Date: January 10, 2022
4. Other Key Reference Information
- Multi-currency contract calculated applying exchange rates as of January 10, 2022 (1 USD = 1,202.40 KRW, 1 GBP = 1,633.94 KRW, 1 EUR = 1,365.69 KRW, 1 AUD = 863.02 KRW, 1 NOK = 136.11 KRW, 1 MYR = 285.67 KRW)
- Construction consists of Phase 1 (design verification and preparation) and Phase 2 (main execution)
- Contract amount and recent revenue figures are rounded at the 100-million KRW level
- Contract period and final settlement amount are subject to change during construction
- Related Disclosures: Filings dated January 11, 2022, July 14, 2023, and December 22, 2023
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Increased Contract Value and Extended Construction Period
This corrected disclosure reflects an increase in the contract value to approximately KRW 905.2B and an extension of the completion date to July 18, 2026, for the offshore Field Control Station (FCS) unit contracted in January 2022. Tracking the design verification progress and subsequent construction milestones is important for confirming the final execution status of the contract. Relevant execution updates can be reviewed in upcoming Quarterly Reports, Half-Year Reports, Annual Reports, or subsequent disclosures.
📢 Disclaimer & Source Information
Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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