23.

Accumulated Other Comprehensive Income and Other Components of Equity

As of December 31, 2016 and 2017, the details of the Controlling Company’s accumulated other comprehensive income are as follows:


(in millions of Korean won)	2016			2017
Changes in investments in associates and joint ventures	￦	(10,883	)	￦	(735	)
Loss on derivatives valuation		(34,309	)		(3,463	)
Gain of valuation on available-for-sale		54,106			52,673
Foreign currency translation adjustment		(10,346	)		(17,490	)

Total	￦	(1,432	)	￦	30,985

Changes in accumulated other comprehensive income for the years ended December 31, 2016 and 2017, are as follows:


	2016
(in millions of Korean won)	Beginning			Increase /decrease			Reclassified to gain or loss			Ending
Changes in investments in associates and joint ventures	￦	(10,312	)	￦	(571	)	￦	—		￦	(10,883	)
Gain or loss on derivatives valuation		(23,234	)		64,796			(75,871	)		(34,309	)
Gain or loss of valuation on available-for-sale		52,415			5,204			(3,513	)		54,106
Foreign currency translation adjustment		(4,999	)		(5,347	)		—			(10,346	)

Total	￦	13,870		￦	64,082		￦	(79,384	)	￦	(1,432	)


	2017
(in millions of Korean won)	Beginning			Increase /decrease			Reclassified to gain or loss			Ending
Changes in investments in associates and joint ventures	￦	(10,883	)	￦	10,148		￦	—		￦	(735	)
Gain or loss on derivatives valuation		(34,309	)		(111,083	)		141,929			(3,463	)
Gain or loss of valuation on available-for-sale		54,106			54,017			(55,450	)		52,673
Foreign currency translation adjustment		(10,346	)		(7,144	)		—			(17,490	)

Total	￦	(1,432	)	￦	(54,062	)	￦	86,479		￦	30,985

As of December 31, 2016 and 2017, the other components of equity are as follows:


(in millions of Korean won)	2016			2017
Treasury stock¹	￦	(859,789	)	￦	(853,108	)
Loss on disposal of treasury stock²		607			873
Share-based payments		5,762			6,483
Others³		(364,514	)		(359,550	)

Total	￦	(1,217,934	)	￦	(1,205,302	)

During the year ended December 31, 2017, the Group granted 125,412 treasury shares as share-based payment.

The amount directly reflected in equity is ￦653 million (2016: ￦738 million) as of December 31, 2017.

Profit or loss incurred from transactions with non-controlling interest and investment difference incurred from change in proportion of subsidiaries are included.

As of December 31, 2016 and 2017, the details of treasury stock are as follows:


	2016		2017
Number of shares		16,140,165		16,014,753
Amounts (In millions of Korean won)	￦	859,789	￦	853,108

Treasury stock is expected to be used for the stock compensation for the Group’s directors and employees and other purposes.