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Investment Properties (Tables)
 12 Months Ended
Dec. 31, 2019
Investment Properties [Abstract]  
Investment Properties

Investment properties as of December 31, 2018 and 2019 are as follows:

 

           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  
    

 

 

     

 

 

     

 

 

     

 

 

  

 

           2019  
           Acquisition
cost		      Government
grants		      Accumulated
depreciation		      Book
value		  
           In millions of won  

Land

    ￦       129,897        —          —          129,897  

Buildings

        64,590        (13 )       (35,894 )       28,683  
    

 

 

     

 

 

     

 

 

     

 

 

  
   ￦       194,487        (13 )       (35,894 )       158,580  
    

 

 

     

 

 

     

 

 

     

 

 

  

 
Changes in investment properties

Changes in investment properties for the years ended December 31, 2018 and 2019 are as follows:

 

           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  
    

 

 

     

 

 

     

 

 

     

 

 

  

 

           2019  
           Beginning
balance		      Depreciation      Others(*)      Ending
balance		  
           In millions of won  

Land

    ￦       139,940        —          (10,043 )       129,897  

Buildings

        19,669        (5,070 )       14,097        28,696  

(Government grants)

        (50 )       1        36        (13 ) 
    

 

 

     

 

 

     

 

 

     

 

 

  
   ￦       159,559        (5,069 )       4,090        158,580  
    

 

 

     

 

 

     

 

 

     

 

 

  

 

  (*)

As described in Note 42, the Company reclassified land and buildings amounting to ￦2,765 million and ￦19,369 million, respectively, from assets held-for-sale to investment properties during the year ended December 31, 2019.

 
Income and expenses related to investment properties

Income and expenses related to investment properties for the years ended December 31, 2018 and 2019 are as follows:

 

           2018      2019  
           In millions of won  

Rental income

    ￦       9,494        9,782  

Operating and maintenance expenses related to rental income

        (923 )       (1,257 ) 

Operating and maintenance expenses not related to rental income

        —          (3,812 ) 
    

 

 

     

 

 

  
   ￦       8,571        4,713  
    

 

 

     

 

 

  

 
Fair value of investment properties

Fair value of investment properties as of December 31, 2018 and 2019 are as follows:

 

           2018      2019  
           Book value      Fair value      Book value      Fair value  
           In millions of won  

Land

    ￦       139,940        167,178        129,897        202,042  

Buildings

        19,619        23,276        28,683        38,046  
    

 

 

     

 

 

     

 

 

     

 

 

  
   ￦       159,559        190,454        158,580        240,088  
    

 

 

     

 

 

     

 

 

     

 

 

  

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).