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Intangible Assets other than Goodwill

12 Months Ended

Dec. 31, 2017

Intangible Assets other than Goodwill [Abstract]

Intangible Assets other than Goodwill

21.

Intangible Assets other than Goodwill

(1)

Intangible assets as of December 31, 2016 and 2017 are as follows:


		2016
		Acquisition cost		Government grants			Accumulated amortization			Accumulated impairment losses			Book value
		In millions of won
Software	￦		458,382		(595	)		(365,161	)		—			92,626
Licenses and franchises			3,398		—			(3,398	)		—			—
Copyrights, patents rights and other industrial rights			35,756		—			(15,675	)		—			20,081
Mining rights			549,371		—			(10,511	)		—			538,860
Development expenditures			785,966		(5,152	)		(723,561	)		—			57,253
Intangible assets under Development			119,474		(11,090	)		—			(3,941	)		104,443
Usage rights of donated assets and other			426,346		(21	)		(342,244	)		—			84,081
Leasehold rights			23,350		—			(18,718	)		—			4,632
Greenhouse gas emissions rights			6,283		—			—			—			6,283
Others			173,213		—			(88,527	)		(12,124	)		72,562

	￦		2,581,539		(16,858	)		(1,567,795	)		(16,065	)		980,821


		2017
		Acquisition cost		Government grants			Accumulated amortization			Accumulated impairment losses			Book value
		In millions of won
Software	￦		534,191		(486	)		(408,300	)		—			125,405
Licenses and franchises			3,398		—			(3,398	)		—			—
Copyrights, patents rights and other industrial rights			43,857		—			(19,876	)		—			23,981
Mining rights			553,876		—			(14,243	)		—			539,633
Development expenditures			836,996		(3,702	)		(752,478	)		—			80,816
Intangible assets under development			143,851		(10,540	)		—			(3,941	)		129,370
Usage rights of donated assets and other			459,682		(11	)		(358,024	)		—			101,647
Leasehold rights			24,306		—			(19,262	)		—			5,044
Others			297,289		—			(103,995	)		(12,069	)		181,225

	￦		2,897,446		(14,739	)		(1,679,576	)		(16,010	)		1,187,121

(2)

Changes in intangible assets for the years ended December 31, 2016 and 2017 are as follows:


		2016
		Beginning balance			Acquisition			Disposal			Amortization			Impairment			Others			Ending balance
		In millions of won
Software	￦		57,886			18,267			—			(32,378	)		—			49,446			93,221
(Government grants)			(699	)		—			—			249			—			(145	)		(595	)
Copyrights, patents rights and other industrial rights			21,875			85			(39	)		(2,697	)		—			857			20,081
Mining rights			499,537			26,311			—			(899	)		—			13,911			538,860
Development expenditures			51,807			212			—			(21,993	)		—			32,379			62,405
(Government grants)			(6,835	)		—			—			2,771			—			(1,088	)		(5,152	)
Intangible assets under development			94,886			66,588			—			—			(3,945	)		(41,996	)		115,533
(Government grants)			(10,483	)		(1,597	)		—			—			—			990			(11,090	)
Usage rights of donated assets and other			48,591			—			—			(15,513	)		—			51,024			84,102
(Government grants)			(32	)		—			—			11			—			—			(21	)
Leasehold rights			745			—			—			(351	)		—			4,238			4,632
Greenhouse gas emissions rights			805			6,283			—			—			—			(805	)		6,283
Others			97,750			8,273			(550	)		(8,916	)		3			(23,998	)		72,562
(Government grants)			(1	)		—			—			1			—			—			—

	￦		855,832			124,422			(589	)		(79,715	)		(3,942	)		84,813			980,821


		2017
		Beginning balance			Acquisition			Disposal			Amortization			Impairment			Others			Ending balance
		In millions of won
Software	￦		93,221			12,700			(5	)		(44,809	)		—			64,784			125,891
(Government grants)			(595	)		(17	)		—			255			—			(129	)		(486	)
Copyrights, patents rights and other industrial rights			20,081			30			(7	)		(3,350	)		—			7,227			23,981
Mining rights			538,860			26,751			(272	)		(4,640	)		—			(21,066	)		539,633
Development expenditures			62,405			494			—			(25,924	)		—			47,543			84,518
(Government grants)			(5,152	)		—			—			2,811			—			(1,361	)		(3,702	)
Intangible assets under development			115,533			56,527			—			—			(20	)		(32,130	)		139,910
(Government grants)			(11,090	)		—			—			—			—			550			(10,540	)
Usage rights of donated assets and other			84,102			—			—			(14,462	)		—			32,018			101,658
(Government grants)			(21	)		—			—			10			—			—			(11	)
Leasehold rights			4,632			—			—			(545	)		—			957			5,044
Greenhouse gas emissions rights			6,283			—			—			—			—			(6,283	)		—
Others			72,562			47,402			(377	)		(23,018	)		54			84,602			181,225
(Government grants)			—			—			—			—			—			—			—

	￦		980,821			143,887			(661	)		(113,672	)		34			176,712			1,187,121

(3)

Significant specific intangible assets as of December 31, 2016 and 2017 are as follows:


2016
Type	Description	Currency	Amount		Remaining useful years
	In millions of won and thousands of Australian dollars
Software	ERP system and others	KRW		506	11 months ~ 1 year and 11 months
	SCADA O/S (POWERON RELIANCE)	KRW		4,206	3 years and 1 month
Copyrights, patents rights and other industrial rights	Smart technology verification and standard design project conducting right	KRW		5,750	5 years and 9 months
Mining rights	Mining right of Bylong mine	AUD		401,225	— (*)
Development expenditures	Development of maintenance system for utility plant	KRW		518	11 months
Intangible assets under development	Contributions to ARP NRC DC	KRW		41,190	—
Usage rights of donated assets and others	Sejong Haengbogdosi sharing charge	KRW		44,502	9 years and 11 months
	Dangjin power plant load facility usage right	KRW		26,759	4 years and 3 months
Others	Sillim electricity supply facility usage right	KRW		2,196	4 years and 11 months

(*)	Mining rights are amortized using the units-of-production method and the amortization has not commenced yet.

2017

Type

Description

Currency

Amount

Remaining useful lives

millions of won and thousands of Australian dollars

Software

ERP system and others

KRW

1,135

3 years and 2 months ~

3 years and 4 months

AMI GATEWAY S/W

KRW

3,528

3 years and 2 months

Copyrights, patents rights and other industrial rights

Smart technology verification and standard design project conducting right

KRW

11,724

4 years and 9 months

Mining rights

Mining right of Bylong mine

AUD

401,225

— (*)

Development expenditures

Electricity sales information system

KRW

29,391

4 years 3 months

Intangible assets under development

Contributions to ARP NRC DC

KRW

46,458

—

Usage rights of donated assets and others

Sejong Haengbogdosi sharing charge

KRW

40,460

8 years and 11 months

Dangjin power plant load facility usage right

KRW

20,463

3 years 3 months

Others

Occupancy and use of public waters

KRW

103,269

18 years 11 months

(*)	Mining rights are amortized using the units-of-production method and the amortization has not commenced yet.

(4)

For the years ended December 31, 2015, 2016 and 2017, the Company recognized research and development expenses of ￦611,220 million, ￦705,504 million and ￦721,437 million, respectively.