Finger incurs 5.3 billion KRW loss in derivative transactions
[Asia Economy Reporter Lee Seon-ae] Finger announced on the 25th that it incurred a derivative transaction loss of 5,272.95 million KRW due to an evaluation loss on derivative liabilities (convertible bonds) (5th series convertible bonds). This amount corresponds to 30.04% of its equity capital.
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The company explained, "The derivative transaction loss is an accounting recognition of an evaluation loss on derivatives caused by the difference between the conversion price of the convertible bonds issued by the company and the stock price due to the rise in the company's stock price," adding, "It is an accounting evaluation loss without actual cash outflow."
This content was produced with the assistance of AI translation services.
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