Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
SK square’s subsidiary, SK Hynix, recognized an accounting loss of approximately KRW 8.37T from derivatives transactions due to stock price increases on its exchangeable bonds, though this involves no actual cash outflow.
📊 [Key Disclosure Details & Financial Summary]
- Overview: Major management matter disclosure of subsidiary SK Hynix Co., Ltd. (Losses Incurred from Derivatives Transactions related to Exchangeable Bonds)
- Type of Derivative Transaction: Exchangeable Bonds (EB)
- Loss Details
- Loss Amount: KRW 8.3660T (KRW 8,365,976,218,909)
- Total Equity: KRW 73.9157T (KRW 73,915,703,612,985, based on consolidated financial statements as of fiscal year-end 2024)
- Loss-to-Equity Ratio: 11.3% (Qualifies as a large-scale corporation)
- Detailed Loss Breakdown (2025 Annual Cumulative: 2025-01-01 ~ 2025-12-31)
- Realized Derivative Losses: KRW 4.2027T
- Valuation Losses on Derivatives: KRW 4.1633T
- Primary Reasons for Loss
- Recognized accounting losses due to the exercise of exchange rights and rising share prices related to Exchangeable Bonds issued on April 11, 2023
- In accordance with K-IFRS, embedded derivatives in EBs were evaluated at fair value, incurring zero actual cash outflow
- Derivative transaction and valuation losses are offset by gain on disposal of treasury stock recognized when EBs are exchanged into shares, leaving a minimal net impact on total equity
- Date of Loss Occurrence (Confirmation): February 25, 2026 (Board approval date following external auditor review of 2025 consolidated financial statements)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verifying Equity Impact of Accounting Losses and Cash Flow Effect
This derivative loss represents an accounting adjustment resulting from the fair value evaluation of embedded derivatives in exchangeable bonds following share price increases, carrying no actual cash outflow. Verifying how these book accounting valuation losses and the offsetting gains from treasury stock disposal are reflected in total equity and finalized financial statements is essential for accurately understanding the company’s financial soundness. Detailed valuation breakdowns and financial statement impacts can be confirmed through periodic reports (annual reports) and audit reports of SK Hynix and SK square.
📢 Disclaimer & Source Notice
Source: This content was newly structured and generated based on official submission data from the Financial Supervisory Service’s DART system.
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