1 Business Combination

3 (

2552) true mergers mergers of equals 3

) (

2 )

)

)

1.

2. 3. 4.

3 5. 6. 7.

1. ()

2. 3. 4. 5.

5.1 ()

5.2

4 5.3

(Stapling Arrangement) (Dual Listed Corporation)

3

1. (Structure of combination)

2. (Method of combination) 3. (Accounting method)

5 1. (Horizontal integration)

2. (Vertical integration) 3. (Conglomerate integration)

1. (Statutory merger)

Merger + =

2. (Statutory consolidation) Consolidation + = 3. (Stock acquisition) + = +

6 4. (Other beneficial interest)

1

7 3 ( 2552) (Purchase method)

3 ( 2552) (Purchase method) ) ) ) )

8 (Goodwill)

3 ( 2552) ) )

) 1.

2. 3.

)

9

10 ) )

1-1 1 25x5 100,000 10 16 : 5,000 10,000 25,000 80,000 120,000

11 : 1,6000,000 @ 10 1,000,000 600,000 100,000 10 16

80,000

40,000 () 120,000 80,000 40,000

12 1,600,000

1,680,000

=

350,000 25 10% 3,176,964 (350,000 x 9.07704)

13 = () 1-2 42,000 : 330,000 10% 33,000 9,000

1. 4 9,000 4 = 36,000 2. (Capitalize)

14 =

= 9,000 / 0.10 = 90,000

3. 10

= 9,000 10 10%

= 9,000 PVIFA10%, 10 = 9,000 6.145 = 55,305

-

15

-

-

-

-

- - (

) -

()

16

/ - -

()

-

(current liabilities)

(Face Value)

(Non-current liabilities)

1,000,000 10 6% 10%

17

1,000,000 7 10% (1,000,000 x 0.513136) 513,160 60,000 7 10% (60,000 x 4.86842) 292,105 805,265 11 (Marketing related intangible assets) 1. , , ,

2. (, ) 3. 4. 5.

(Customer related intangible assets) 1. 2. 3. 4.

18 (Artistic related intangible assets)

1. , 2. , , 3. 4. 5.

(Contract based intangible assets) 1. , (Standstill agreements) 2.

3. () 4. 5. 6. 7. 8. 9.

19 (Technology based intangible assets)

Mask works Title plants

20 1-3 31 25x1

31 25x1 ()

28,000 5,000 40,000 20,000 68,000 25,000 10,000 - 40,000 - 20,000 1

1,000

- 15,000 59,000 () 20,000

88,000 105,000 148,000 173,000 173,000

21

31 25x1

28,000 28,000 5,000 5,000 40,000 45,000 20,000 21,000

68,000

73,000 25,000 26,000 10,000 50,000 () 40,000 80,000 () 20,000 50,000 () 15,000 30,000 - 40,000 ()

20,000

105,000

250,000

173,000 323,000 (-) 148,000 297,000 350,000 10,000

22 28,000 45,000 50,000 80,000 50,000 30,000

40,000 10,000

() 53,000 5,000 20,000 1,000 () 10,000 ( ) 350,000

23 28,000 45,000 50,000 80,000 50,000 30,000

40,000 10,000

() 53,000 5,000 20,000 1,000 () 10,000 (7,000 @ 1 ) 7,000 (350,000-7,000) 343,000 5,000 5,000

(350,000 ) ( 173,000 - 25,000 )

24 350,000 5,000 20,000 28,000 40,000 10,000 () 40,000 () 20,000 () 15,000 () 20,000 202,000

(Bargain

purchase) 297,000 ( 323,000 26,000 ) (Gain from bargain purchase)

25 3 (

2552)

1.

2.

1-4 50 (Premium price) 297,000 () 297,000 350,000 53,000

26 (Bargain price) 297,000 ()

4,000 50

200,000 4,000 50

97,000 (200,000 297,000 )

28,000 45,000 50,000 80,000 50,000 30,000 40,000 10,000 5,000 20,000

27

1-5 1 25x0 ( ) ( ) 80 150

1,000 () 10,000 (4,000 @ 1 ) 4,000 (200,000-4,000)

196,000

97,000

28 3 250 50 20 42 1-6 (200 : 250-50) 80

29

(250-50) 200 : 80 150 - 42 192 8

..............................250 ............................................................ 150 ..................................................... 50 ............................... 8 ............. 42 40 (200 x 0.20) 10 [200 (150 60 + 40 )]

30

28,000 45,000 45,000 50,000 80,000 0 20

4,000

50,000 10,000 5

8,000

30,000 4

7,500

31 40,000

10

4,000

63,000 ()

(5,000) (21,000) 1,000

5

(200)

360,000

() 350,000 : ( 45,000 ) 130,000 220,000 ( 4,000 ) 44,000 63,000 - ( 4,000 )

25,000

- ( 8,000 )

18,000

( ) 7,500 157,500 62,500 : ( 200 ) 9,800 52,700 (40%) (21,080) 31,620

32 5

1. ()

2.

3.

4.

5.

33 1-7

. (

)

45,000

28,000

5 10,000 50,000 20,000

20 14% 132,463 50,000

80,000

50,000

34

11,600 4 20% 30,029

30,000

40,000

(5,000)

(21,000)

297,000

360,000

63,000

. (Market capitalization)

35

1.

40,000

2. 10% 4 15

3.

4. 12%

5. () 75,000 20

36

1 40,000 40,000 2 44,000 44,000 3 48,400 48,400 4 53,240 53,240 5 58,564 (25,000) 33,564 6 58,564 58,564 7 58,564 58,564 8 58,564 58,564 9 58,564 58,564 10 58,564 (30,000) 28,564

11 58,564 58,564 12 58,564 58,564 13 58,564 58,564 14 58,564 58,564 15 58,564 (35,000) 23,564 16 58,564 58,564 17 58,564 58,564 18 58,564 58,564 19 58,564 58,564 20 58,564 75,000 133,564 12% 376,173

37 . 376,173 360,000 16,173

38

() (

( 12% ) 320,000 () 345,000

39 =

( ( 12% )

320,000 : ()

285,000

35,000 63,000 (28,000)

- 28,000 - 28,000

40

1. 2. 3. 4.