ID :
173691
Thu, 04/07/2011 - 07:04
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https://www.oananews.org//node/173691
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S. Korean listed firms' cashable assets up 1.5 pct
SEOUL (Yonhap) - The cashable assets held by South Korea's listed companies inched up 1.49 percent last year from the previous year as improved corporate earnings prompted cash inflows, data showed Thursday.
The cashable assets of 561 firms listed on the Seoul main bourse stood at 67.6 trillion won (US$62.2 billion) as of the end of 2010, compared with 66.6 trillion won a year earlier, according to the Korea Exchange and the Korea Listed Companies Association.
Cashable assets cover cash, cash equivalents and other short-term financial products.
The on-year growth was largely attributed to an increase in cash flow that came on the heels of improved corporate earnings.
Hyundai Motor Co. held the largest cashable assets with 8.69 trillion won, up 1.49 trillion won from the previous year. The top automaker was also noted as the company whose cashable assets increased the most in 2010.
Following Hyundai Motor was the country's leading steelmaker POSCO with cashable assets worth 3.49 trillion won and the largest refiner SK Innovation Co. with 2.28 trillion won.
Out of the 653 listed companies that close their books in December, 92 firms including Samsung Electronics Co. and LG Electronics Inc. were excluded due to different accounting standards and settlement periods.
The cashable assets of 561 firms listed on the Seoul main bourse stood at 67.6 trillion won (US$62.2 billion) as of the end of 2010, compared with 66.6 trillion won a year earlier, according to the Korea Exchange and the Korea Listed Companies Association.
Cashable assets cover cash, cash equivalents and other short-term financial products.
The on-year growth was largely attributed to an increase in cash flow that came on the heels of improved corporate earnings.
Hyundai Motor Co. held the largest cashable assets with 8.69 trillion won, up 1.49 trillion won from the previous year. The top automaker was also noted as the company whose cashable assets increased the most in 2010.
Following Hyundai Motor was the country's leading steelmaker POSCO with cashable assets worth 3.49 trillion won and the largest refiner SK Innovation Co. with 2.28 trillion won.
Out of the 653 listed companies that close their books in December, 92 firms including Samsung Electronics Co. and LG Electronics Inc. were excluded due to different accounting standards and settlement periods.
