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Government Grants

12 Months Ended

Dec. 31, 2021

27.	Government Grants

(1)	Government grants as of December 31, 2020 and 2021 are as follows:


			2020			2021
			In millions of won
Land	￦			(23,475	)		(23,474	)
Buildings				(57,231	)		(52,122	)
Structures				(180,009	)		(172,021	)
Machinery				(157,785	)		(140,082	)
Vehicles				(632	)		(1,675	)
Equipment				(227	)		(149	)
Tools				(239	)		(64	)
Construction-in-progress				(79,126	)		(111,822	)
Investment properties				(29	)		(30	)
Software				(136	)		(91	)
Development expenditures				(5,043	)		(3,820	)
Intangible assets under development				(7,203	)		(7,326	)
Other intangible assets				(75	)		(71	)

		￦		(511,210	)		(512,747	)

(2)	Changes in government grants for the years ended December 31, 2020 and 2021 are as follows:


		2020
		Beginning balance			Receipt			Acquisition			Offset the items of depreciation expense and others		Disposal		Others			Ending balance
		In millions of won
Cash	￦		—			(41,209	)		—			—		—		41,209			—
Land			(21,817	)		—			—			—		2		(1,660	)		(23,475	)
Buildings			(61,920	)		—			—			5,206		—		(517	)		(57,231	)
Structures			(186,554	)		—			—			9,526		2,032		(5,013	)		(180,009	)
Machinery			(158,907	)		—			—			17,468		496		(16,842	)		(157,785	)
Vehicles			(2,275	)		—			—			2,064		4		(425	)		(632	)
Equipment			(241	)		—			—			149		—		(135	)		(227	)
Tools			(403	)		—			—			243		—		(79	)		(239	)
Construction-in-progress			(61,211	)		—			8,783			—		—		(26,698	)		(79,126	)
Investment properties			(13	)		—			—			1		—		(17	)		(29	)
Software			(235	)		—			—			99		—		—			(136	)
Development expenditures			(1,492	)		—			—			1,453		—		(5,004	)		(5,043	)
Intangible assets under development			(11,029	)		—			—			—		—		3,826			(7,203	)
Other intangible assets			(79	)		—			—			4		—		—			(75	)

	￦		(506,176	)		(41,209	)		8,783			36,213		2,534		(11,355	)		(511,210	)


		2021
		Beginning balance			Receipt			Acquisition			Offset the items of depreciation expense and others		Disposal		Others			Ending balance
		In millions of won
Cash	￦		—			(37,920	)		—			—		—		37,920			—
Land			(23,475	)		—			—			—		1		—			(23,474	)
Buildings			(57,231	)		—			—			5,174		—		(65	)		(52,122	)
Structures			(180,009	)		—			—			9,517		1,811		(3,340	)		(172,021	)
Machinery			(157,785	)		—			—			17,519		531		(347	)		(140,082	)
Vehicles			(632	)		—			(26	)		460		—		(1,477	)		(1,675	)
Equipment			(227	)		—			—			95		—		(17	)		(149	)
Tools			(239	)		—			—			209		—		(34	)		(64	)
Construction-in-progress			(79,126	)		—			5,027			—		—		(37,723	)		(111,822	)
Investment properties			(29	)		—			—			1		—		(2	)		(30	)
Software			(136	)		—			—			64		—		(19	)		(91	)
Development expenditures			(5,043	)		—			—			1,439		—		(216	)		(3,820	)
Intangible assets under development			(7,203	)		—			—			—		—		(123	)		(7,326	)
Other intangible assets			(75	)		—			—			4		—		—			(71	)

	￦		(511,210	)		(37,920	)		5,001			34,482		2,343		(5,443	)		(512,747	)

(3)	Changes in government grants for specific business projects for the years ended December 31, 2020 and 2021 are as follows:


						2020
								Increase												Decrease
								Contribution						Interests						Execution							Return
Department	Project	Description	Period	Budget		Beginning balance		Self- payment		Local government		Government subsidies		Self- payment		Local government		Government subsidies		Self- payment		Local government		Government subsidies			Self- payment		Local government		Government subsidies			Others		Ending balance
				In millions of won
Ministry of Trade, Industry and Energy	Temporary electricity bill support for small business owners	Temporary electricity bill support for small business owners	2020.04.01 ~ 2020.12.31		72,662		—		—		—		72,662		—		—		16		—		—		(71,914	)		—		—		(16	)		—		748
	Energy Voucher	2020 Energy Voucher Support	2020.01.01 ~ 2020.12.31		46,148		—		—		—		46,148		—		—		2		—		—		(46,148	)		—		—		(2	)		—		—

						2021
								Increase												Decrease
								Contribution						Interests						Execution							Return
Department	Project	Description	Period	Budget		Beginning balance		Self- payment		Local government		Government subsidies		Self- payment		Local government		Government subsidies		Self- payment		Local government		Government subsidies			Self- payment		Local government		Government subsidies			Others		Ending balance
				In millions of won
Ministry of Trade, industry and Energy	Temporary electricity bill support for small business owners	Temporary electricity bill support for small business owners	2021.04.01 ~ 2022.06.30		211,235		748		—		—		139,550		—		—		—		—		—		(122,563	)		—		—		—			—		17,735