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Investment Properties
 12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Investment Properties
11. Investment Properties

Changes in investment properties for the years ended December 31, 2016 and 2017, are as follows:

 

(In millions of Korean won)    2016  
   Land     Buildings     Construction-in-
progress		     Total  

Acquisition cost

    ￦ 340,790     ￦ 1,011,236     ￦ 74,208     ￦ 1,426,234  

Less: Accumulated depreciation

      —         (324,164 )      —         (324,164 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Beginning

      340,790       687,072       74,208       1,102,070  

Acquisition

      51       417       160,138       160,606  

Disposal/Abandonment

      (5,837 )      (1,802 )      —         (7,639 ) 

Depreciation

      —         (43,575 )      —         (43,575 ) 

Transfer

      (32,254 )      124,417       (155,581 )      (63,418 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Ending

    ￦ 302,750     ￦ 766,529     ￦ 78,765     ￦ 1,148,044  
  

 

 

    

 

 

    

 

 

    

 

 

  

Acquisition cost

    ￦ 302,750     ￦ 1,119,885     ￦ 78,765     ￦ 1,501,400  

Less: Accumulated depreciation

      —       ￦ (353,356 )      —       ￦ (353,356 ) 

 

(In millions of Korean won)    2017  
   Land     Buildings    

Construction-in-

progress

     Total  

Acquisition cost

    ￦ 302,750     ￦ 1,119,885     ￦ 78,765     ￦ 1,501,400  

Less: Accumulated depreciation

      —         (353,356 )      —         (353,356 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Beginning

      302,750       766,529       78,765       1,148,044  

Acquisition

      —         775       48,075       48,850  

Disposal/Abandonment

      (3,493 )      (6,434 )      —         (9,927 ) 

Depreciation

      —         (47,295 )      —         (47,295 ) 

Transfer from(to) property, plant and equipment

      64,449       (1,793 )      (1,184 )      61,472  

Transfer and others

      (6,916 )      80,986       (85,683 )      (11,613 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Ending

    ￦ 356,790     ￦ 792,768     ￦ 39,973     ￦ 1,189,531  
  

 

 

    

 

 

    

 

 

    

 

 

  

Acquisition cost

    ￦ 358,358     ￦ 1,191,687     ￦ 39,973     ￦ 1,590,018  

Less: Accumulated depreciation

(include. Accumulated impairment)

      (1,568 )      (398,919 )      —         (400,487 ) 

The fair value of investment properties is ￦1,755,600 million as of December 31, 2017 (2016: ￦1,962,779 million). The fair value of investment properties is estimated based on the expected cash flow.

Rental income from investment properties is ￦205,993 million in 2017 (2016: ￦184,670 million) and direct operating expenses (including repairs and maintenance) arising from investment properties that generated rental income during the period are recognized as operating expenses.

Details of investment properties provided as collateral as of December 31, 2016 and 2017, are as follows:

 

(In millions of Korean won)    2016  
     Carrying
amount		      Secured
amount		      Related
account		    Related
amount		  

Buildings

    ￦ 711,989      ￦ 98,543      Deposits    ￦ 84,334  

Land and Buildings

    ￦ 8,035      ￦ 7,891      Borrowings    ￦ 5,260  

 

(In millions of Korean won)    2017  
     Carrying
amount		      Secured
amount		      Related
account		    Related
amount		  

Buildings

    ￦ 772,708      ￦ 104,861      Deposits    ￦ 90,150  

Land and Buildings

    ￦ 7,897      ￦ 7,905      Borrowings    ￦ 5,270