Other Financial Assets (Tables)

12 Months Ended

Dec. 31, 2018

Other financial assets as of December 31, 2017 and 2018 are as follows:


		2017						2018
		Current			Non-current			Current			Non-current
		In millions of won
Loans and receivables	￦		244,309			711,069			123,657			639,673
Allowance for doubtful accounts			—			(8,948	)		(12	)		(4,940	)
Present value discount			(976	)		(39,813	)		(992	)		(38,712	)
Long-term / short-term financial instruments(*1)			1,702,084			542,430			1,869,286			448,741
Financial assets at fair value through profit or loss(*1)			—			111,512			—			—

	￦		1,945,417			1,316,250			1,991,939			1,044,762

(*1)

Certain financial assets at fair value previously recognized as other financial assets is reclassified to financial assets at fair value through profit or loss upon the adoption of IFRS 9 ‘Financial Instruments’.

Loans and receivables

Loans and receivables as of December 31, 2017 and 2018 are as follows:


		2017
		Face value		Allowance for doubtful accounts			Present value discount			Book value
		In millions of won
Short-term loans and receivables
Loans for tuition	￦		33,763		—			(976	)		32,787
Loans for housing			14,126		—			—			14,126
Fisheries loan			352		—			—			352
Other loans			196,068		—			—			196,068

			244,309		—			(976	)		243,333

Long-term loans and receivables
Loans for tuition			408,803		—			(39,716	)		369,087
Loans for housing			140,452		—			—			140,452
Loans for related parties			94,581		(8,948	)		—			85,633
Fisheries loan			960		—			(97	)		863
Other loans			66,273		—			—			66,273

			711,069		(8,948	)		(39,813	)		662,308

	￦		955,378		(8,948	)		(40,789	)		905,641


		2018
		Face value		Allowance for doubtful accounts			Present value discount			Book value
		In millions of won
Short-term loans and receivables
Loans for tuition	￦		33,333		—			(992	)		32,341
Loans for housing			15,572		—			—			15,572
Fisheries loan			320		—			—			320
Other loans			74,432		(12	)		—			74,420

			123,657		(12	)		(992	)		122,653

Long-term loans and receivables
Loans for tuition			414,893		—			(38,659	)		376,234
Loans for housing			167,723		—			—			167,723
Loans for related parties			46,798		(4,930	)		—			41,868
Fisheries loan			640		—			(53	)		587
Other loans			9,619		(10	)		—			9,609

			639,673		(4,940	)		(38,712	)		596,021

	￦		763,330		(4,952	)		(39,704	)		718,674

Changes in the allowance for doubtful accounts of loans and receivables

Changes in the allowance for doubtful accounts of loans for the years ended December 31, 2016, 2017 and 2018 are as follows:


		2016		2017		2018
		In millions of won
Beginning balance	￦		—		4,532		8,948
Bad debt expense			4,352		2,465		22
Other			180		1,951		(4,018	)

Ending balance	￦		4,532		8,948		4,952

Long-term and short-term financial instruments

Long-term and short-term financial instruments as of December 31, 2017 and 2018 are as follows:


		2017				2018
		Current		Non-current		Current		Non-current
		In millions of won
Time deposits	￦		1,479,034		2		1,602,285		63,358
ABCP			145,000		65,600		—		—
CP			58,050		—		—		—
CD			10,000		—		10,000		—
RP			10,000		1,634		—		—
Others			—		475,194		257,001		385,383

	￦		1,702,084		542,430		1,869,286		448,741