Asiana Airlines Inc.
Asiana Airlines Inc.
12/24/2024 | Press release | Distributed by Public on 12/23/2024 19:20
Decision on Cash Loan
Decision on Cash Loan
| 1. Name of borrower | Air Seoul Co., Ltd. | Name in English | Air Seoul Co., Ltd. |
| - Relationship to company | Affiliated company | ||
| 2. Details of cash loan | Date of transaction | 2024-12-24 | |
| Amount of loan (KRW) | 30,000,000,000 | ||
| Equity capital (KRW) | 810,345,388,271 | ||
| Ratio to equity capital (%) | 3.70 | ||
| Classified as a large-sized corporation? | Yes | ||
| Interest rate (%) | 6.00 | ||
| Loan period | Start date | 2024-12-24 | |
| End date | 2025-03-24 | ||
| 3. Purpose of cash loan | To loan operating funds | ||
| 4. Total balance of cash loan | 60,000,000,000 | ||
| 5. Date of board resolution (decision date) | 2024-12-20 | ||
| - Attendance of outside directors | Present (No.) | 4 | |
| Absent (No.) | - | ||
| - Attendance of auditors (members of Audit Committee who are not outside directors) | - | ||
| 6. Other matters to be factored into investment decisions | |||
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1) The "2. Details of cash loan" above are extensions of the loan limits due at maturity, and the loan will be provided as required following consultations among the involved parties with the loan amount (KRW) remaining within the agreed limit of KRW 30 billion. ※ Details of decision on cash loan - Loan amount: Extension of the loan limits due at maturity up to a total of KRW 30 billion - Contract period (Loan period): December 24, 2024 ~ March 24, 2025 (3-month extension) - Repayment method of principal and interest: Lump sum repayment of principal at maturity with interest paid in monthly increments 2) The "2. Details of cash loan - Equity capital (KRW)" above is the total capital on a consolidated basis as of the end of 2023. 3) The "2. Details of cash loan - Interest rate (%)" above represents the statutory interest rate prescribed in the Commercial Act. In principle, the actual interest rate is determined based on the weighted average interest rate applicable to the credit line borrowing that serves as the source of the loan, as agreed upon between the company and the creditor bank (This rate may be adjusted by separate agreement between the parties). 4) The "4. Total balance of cash loan" above is the sum of the previous loan of KRW 30 billion (including the limit) and the current loan limit of KRW 30 billion. 5) The "Condensed Financial statements of Borrower" below is based on the non-consolidated financial statements. The current fiscal year, previous fiscal year, and two fiscal years prior correspond to (the end of) 2023, 2022, and 2021, respectively. |
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| ※ Related disclosure |
2024-09-10 Decision on Cash Loan 2024-06-18 Decision on Cash Loan 2024-03-21 Decision on Cash Loan 2023-12-20 Decision on Cash Loan 2023-09-20 Decision on Cash Loan 2023-06-21 Decision on Cash Loan 2023-03-23 Decision on Cash Loan 2022-03-10 Decision on Cash Loan 2021-03-23 Decision on Cash Loan |
| Type | Total Assets | Total Liability | Total Shareholders' Equity | Capital stock | Sales | Net Income |
| Current fiscal Year | 265,925 | 396,508 | -130,583 | 17,500 | 310,893 | 91,153 |
| Previous fiscal Year | 192,709 | 414,437 | -221,727 | 17,500 | 149,909 | -36,636 |
| Two fiscal years prior | 202,363 | 387,657 | -185,293 | 17,500 | 65,038 | -101,710 |