Other Financial Assets (Tables)

12 Months Ended

Dec. 31, 2019

Other financial assets as of December 31, 2018 and 2019 are as follows:


		2018						2019
		Current			Non-current			Current			Non-current
		In millions of won
Loans and receivables	￦		123,657			639,673			64,111			725,755
Less: Allowance for doubtful accounts			(12	)		(4,940	)		(31	)		(15,063	)
Less: Present value discount			(992	)		(38,712	)		(847	)		(35,218	)
Long-term / short-term financial instruments(*)			1,869,286			448,741			1,351,971			608,256

	￦		1,991,939			1,044,762			1,415,204			1,283,730

(*)

From prior year, 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, 2018 and 2019 are as follows:


		2018
		Face value		Allowance for doubtful accounts			Present value discount			Carrying 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


		2019
		Face value		Allowance for doubtful accounts			Present value discount			Carrying value
		In millions of won
Short-term loans and receivables
Loans for tuition	￦		33,636		—			(847	)		32,789
Loans for housing			17,113		—			—			17,113
Other loans			13,362		(31	)		—			13,331

			64,111		(31	)		(847	)		63,233

Long-term loans and receivables
Loans for tuition			419,905		—			(35,197	)		384,708
Loans for housing			199,454		—			—			199,454
Loans for related parties			89,132		(4,930	)		—			84,202
Other loans			17,264		(10,133	)		(21	)		7,110

			725,755		(15,063	)		(35,218	)		675,474

	￦		789,866		(15,094	)		(36,065	)		738,707

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, 2017, 2018 and 2019 are as follows:


		2017		2018			2019
		In millions of won
Beginning balance	￦		4,532		8,948			4,952
Bad debt expense			2,465		22			10,142
Other			1,951		(4,018	)		—

Ending balance	￦		8,948		4,952			15,094

Long-term and short-term financial instruments

Long-term and short-term financial instruments as of December 31, 2018 and 2019 are as follows:


		2018				2019
		Current		Non-current		Current		Non-current
		In millions of won
Time deposits	￦		1,602,285		63,358		1,034,971		257,857
CP			—		—		40,000		—
CD			10,000		—		15,000		—
RP			—		—		40,000		—
Others			257,001		385,383		222,000		350,399

	￦		1,869,286		448,741		1,351,971		608,256