XML 147 R134.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Derivative Instrument - Summary of Derivative Financial Instruments (Details) - KRW (₩)
₩ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Derivative [Line Items]      
Current derivative financial assets ₩ 307,732 ₩ 289,603  
Non-current derivative financial assets 692,662 728,421  
Current derivative financial liabilities 18,379 44,994  
Non-current derivative financial liabilities 433,855 387,757  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) 234,199 224,218 ₩ 822,994
Net income effects of transaction gain (loss) 89,659 224,685 84,082
Other comprehensive income (loss) [1] (8,518) (65,052) (40,460)
Currency forward | Not Designated as Hedging Instrument      
Derivative [Line Items]      
Current derivative financial assets 18,019 648  
Non-current derivative financial assets 0 17,432  
Current derivative financial liabilities 4,755 32,660  
Non-current derivative financial liabilities 0 0  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) 510 (20,570) 33,066
Net income effects of transaction gain (loss) 34,216 (2,710) 33,032
Other comprehensive income (loss) [1] 0 0 0
Currency swap      
Derivative [Line Items]      
Current derivative financial assets 274,782 236,470  
Non-current derivative financial assets 527,701 589,300  
Current derivative financial liabilities 6,867 6,319  
Non-current derivative financial liabilities 287,824 328,995  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) 269,795 155,937 787,264
Net income effects of transaction gain (loss) 38,282 234,195 61,353
Other comprehensive income (loss) [1] (11,411) (102,969) (59,108)
Currency swap | Not Designated as Hedging Instrument      
Derivative [Line Items]      
Current derivative financial assets 196,013 102,080  
Non-current derivative financial assets 347,689 410,540  
Current derivative financial liabilities 6,867 6,319  
Non-current derivative financial liabilities 264,260 302,415  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) 181,342 (77,618) 420,551
Net income effects of transaction gain (loss) (1,244) 104,572 16,265
Other comprehensive income (loss) [1] 0 0 0
Currency swap | Designated as Hedging Instrument      
Derivative [Line Items]      
Current derivative financial assets 78,769 134,390  
Non-current derivative financial assets 180,012 178,760  
Current derivative financial liabilities 0 0  
Non-current derivative financial liabilities 23,564 26,580  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) 88,453 233,555 366,713
Net income effects of transaction gain (loss) 39,526 129,623 45,088
Other comprehensive income (loss) [1] (11,411) (102,969) (59,108)
Interest rate swap      
Derivative [Line Items]      
Current derivative financial assets 12,124 52,485  
Non-current derivative financial assets 129,570 81,188  
Current derivative financial liabilities 0 0  
Non-current derivative financial liabilities 48,238 2,735  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) (16,377) 66,341 18,123
Net income effects of transaction gain (loss) 10,400 (6,800) (10,303)
Other comprehensive income (loss) [1] 2,893 37,917 18,648
Interest rate swap | Not Designated as Hedging Instrument      
Derivative [Line Items]      
Current derivative financial assets 12,124 52,485  
Non-current derivative financial assets 129,570 81,188  
Current derivative financial liabilities 0 0  
Non-current derivative financial liabilities 48,238 2,735  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) (16,377) 66,341 18,123
Net income effects of transaction gain (loss) 10,400 (6,800) (10,303)
Other comprehensive income (loss) [1] 0 0 0
Interest rate swap | Designated as Hedging Instrument      
Derivative [Line Items]      
Current derivative financial assets 0 0  
Non-current derivative financial assets 0 0  
Current derivative financial liabilities 0 0  
Non-current derivative financial liabilities 0 0  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) 0 0 0
Net income effects of transaction gain (loss) 0 0 0
Other comprehensive income (loss) [1] 2,893 37,917 18,648
Others | Not Designated as Hedging Instrument      
Derivative [Line Items]      
Current derivative financial assets [2],[3] 2,807 0  
Non-current derivative financial assets [2],[3] 35,391 40,501  
Current derivative financial liabilities [2],[4] 6,757 6,015  
Non-current derivative financial liabilities [2],[4] 97,793 56,027  
Disclosure of Gain and loss on valuation and transaction of derivatives and included in finance income and costs in the consolidated statements of comprehensive income (loss)      
Net income effects of valuation gain (loss) (19,729) 22,510 (15,459)
Net income effects of transaction gain (loss) 6,761 0 0
Other comprehensive income (loss) [1] ₩ 0 ₩ 0 ₩ 0
[1] For the years ended December 31, 2021, 2022 and 2023, the net loss on valuation of derivatives applying cash flow hedge accounting of ￦15,778 million, ￦24,415 million and ￦3,654 million, net of tax, are included in other comprehensive loss, respectively.
[2] The Company recorded the fair value of derivatives in accordance with the shareholders’ agreement of its associate, Hyundai Green Power Co., Ltd., as other derivatives. In addition, the fair value of the derivatives regarding the power sales agreement of its subsidiary, Elara Energy Project, LLC, were recorded as other derivatives.
[3] The Company recorded the fair value of derivatives regarding the Power Purchase Agreement (“PPA”) of its subsidiary Columboola Solar Farm Hold Co Pty., Ltd. as other derivatives.
[4] In relation to the agreement to purchase hybrid securities issued by Samcheok Eco Materials Co., Ltd., an associate of the Company, the Company has recognized as other derivative liabilities the fair value of ￦18,752 million for its performance obligation to the underwriter of the bonds. In addition, the Company has granted stock option to Chester Solar IV SpA, a joint venture of the Company, and 4 other third party investors, and recorded the related fair value of ￦5,986 million (prior year : ￦6,197 million) as other derivative liabilities.