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Investment Properties
 12 Months Ended
Dec. 31, 2018
Investment Properties [Abstract]  
Investment Properties
22.

Investment Properties

 

(1)

Investment properties as of December 31, 2017 and 2018 are as follows:

 

           2017  
           Acquisition
cost		      Government
grants		      Accumulated
depreciation		      Book
value		  
           In millions of won  

Land

    ￦       264,205        —          —          264,205  

Buildings

        36,165        (83 )       (15,573 )       20,509  
    

 

 

     

 

 

     

 

 

     

 

 

  
   ￦       300,370        (83 )       (15,573 )       284,714  
    

 

 

     

 

 

     

 

 

     

 

 

  

 

           2018  
           Acquisition
cost		      Government
grants		      Accumulated
depreciation		      Book
value		  
           In millions of won  

Land

    ￦       139,940        —          —          139,940  

Buildings

        34,801        (50 )       (15,132 )       19,619  
    

 

 

     

 

 

     

 

 

     

 

 

  
   ￦       174,741        (50 )       (15,132 )       159,559  
    

 

 

     

 

 

     

 

 

     

 

 

  

 

(2)

Changes in investment properties for the years ended December 31, 2017 and 2018 are as follows:

 

           2017  
           Beginning
balance		      Depreciation      Others      Ending
balance		  
           In millions of won  

Land

    ￦       336,421        —          (72,216 )       264,205  

Buildings

        17,323        (1,178 )       4,447        20,592  

(Government grants)

        (64 )       2        (21 )       (83 ) 
    

 

 

     

 

 

     

 

 

     

 

 

  
   ￦       353,680        (1,176 )       (67,790 )       284,714  
    

 

 

     

 

 

     

 

 

     

 

 

  
           2018  
           Beginning
balance		      Depreciation      Others      Ending
balance		  
           In millions of won  

Land

    ￦       264,205        —          (124,265 )       139,940  

Buildings

        20,592        (924 )       1        19,669  

(Government grants)

        (83 )       1        32        (50 ) 
    

 

 

     

 

 

     

 

 

     

 

 

  
   ￦       284,714        (923 )       (124,232 )       159,559  
    

 

 

     

 

 

     

 

 

     

 

 

  

 

(3)

Income and expenses related to investment properties for the years ended December 31, 2017 and 2018 are as follows:

 

           2017      2018  
           In millions of won  

Rental income

    ￦       9,581        9,494  

Operating and maintenance expenses related to rental income

        (1,172 )       (923 ) 
    

 

 

     

 

 

  
   ￦       8,409        8,571  
    

 

 

     

 

 

  

 

(4)

Fair value of investment properties as of December 31, 2017 and 2018 are as follows:

 

           2017      2018  
           Book value      Fair value      Book value      Fair value  
           In millions of won  

Land

    ￦       264,205        309,241        139,940        167,178  

Buildings

        20,509        23,319        19,619        23,276  
    

 

 

     

 

 

     

 

 

     

 

 

  
   ￦       284,714        332,560        159,559        190,454  
    

 

 

     

 

 

     

 

 

     

 

 

  

The fair values of the investment properties as of the reporting date were determined in consideration of the fluctuation on the publicly announced individual land price after the IFRS transition date (January 1, 2010).

 

(5)

All of the Company’s investment property is held under freehold interests.