XML 61 R45.htm IDEA: XBRL DOCUMENT

Finance Expenses

12 Months Ended

Dec. 31, 2020

40.

Finance Expenses

(1)

Finance expenses for the years ended December 31, 2018, 2019 and 2020 are as follows:


		2018		2019		2020
		In millions of won
Interest expense	￦		1,868,458		2,046,811		1,995,425
Losses on sale of financial assets			1		2,106		648
Losses on valuation of financial assets at fair value through profit or loss			6,616		4,513		7,396
Losses on valuation of derivatives			46,740		45,385		513,278
Losses on transaction of derivatives			32,448		71,546		81,055
Losses on foreign currency translation			393,859		553,731		215,047
Losses on foreign currency transaction			121,763		55,509		79,103
Losses on repayment of financial liabilities			—		—		35
Other			858		2,555		4,456

	￦		2,470,743		2,782,156		2,896,443

(2)

Details of interest expense included in finance expenses for the years ended December 31, 2018, 2019 and 2020 are as follows:


		2018			2019			2020
		In millions of won
Trade and other payables	￦		42,830			94,019			88,757
Short-term borrowings			32,545			42,971			29,358
Long-term borrowings			92,243			119,806			118,678
Debt securities			1,771,544			1,827,511			1,805,253
Other financial liabilities			505,112			558,464			540,867

			2,444,274			2,642,771			2,582,913
Less: Capitalized borrowing costs			(575,816	)		(595,960	)		(587,488	)

	￦		1,868,458			2,046,811			1,995,425

Capitalization rates for the years ended December 31, 2018, 2019 and 2020 are 2.17%~3.86%, 2.37%~3.44% and 2.14%~4.84%, respectively.