Information About Non-controlling Interests (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Changes in Accumulated Non-controlling Interests

Profit or loss allocated to non-controlling interests and accumulated non-controlling interests of subsidiaries that are material to the Group for the years ended December 31, 2015, 2016 and 2017 are as follows:


(In millions of Korean won)	2015
(In millions of Korean won)	Non- controlling Interests rate(%)			Accumulated non-controlling interests at the beginning of the year		Profit or loss allocated to non-controlling interests			Dividend paid to non- controlling interests			Others			Accumulated non-controlling interests at the end of the year
KT Skylife Co., Ltd.		49.73	%	￦	297,300	￦	27,032		￦	(8,325	)	￦	873		￦	316,880
BC Card Co., Ltd.		30.46	%		292,931		62,943			(22,650	)		(10,303	)		322,921
KT Powertel Co., Ltd.		55.15	%		70,231		(17,880	)		(1,118	)		(307	)		50,926
KT Hitel Co.,Ltd.		36.30	%		51,136		(608	)		—			161			50,689
KT Telecop Co., Ltd.		13.18	%		104,821		(1,000	)		—			(393	)		103,428


(In millions of Korean won)	2016
(In millions of Korean won)	Non- controlling Interests rate(%)			Accumulated non-controlling interests at the beginning of the year		Profit or loss allocated to non-controlling interests		Dividend paid to non- controlling interests			Others			Accumulated non-controlling interests at the end of the year
KT Skylife Co., Ltd.		49.73	%	￦	316,880	￦	22,445	￦	(8,279	)	￦	(1,370	)	￦	329,676
BC Card Co., Ltd.		30.46	%		322,921		47,068		(44,637	)		3,986			329,338
KT Powertel Co., Ltd.		55.15	%		50,926		112		—			713			51,751
KT Hitel Co.,Ltd.		35.27	%		50,689		1,274		—			(165	)		51,798
KT Telecop Co., Ltd.		13.18	%		103,428		19		—			85			103,532


(In millions of Korean won)	2017
(In millions of Korean won)	Non- controlling Interests rate(%)			Accumulated non-controlling interests at the beginning of the year		Profit or loss allocated to non-controlling interests		Dividend paid to non- controlling interests			Others			Accumulated non-controlling interests at the end of the year
KT Skylife Co., Ltd.		49.73	%	￦	329,676	￦	9,395	￦	(9,817	)	￦	(952	)	￦	328,302
BC Card Co., Ltd.		30.46	%		329,338		43,961		(29,490	)		(4,742	)		339,067
KT Powertel Co., Ltd.		55.15	%		51,751		1,165		—			137			53,053
KT Hitel Co.,Ltd.		32.87	%		51,798		870		—			478			53,146
KT Telecop Co., Ltd.		13.18	%		103,532		381		—			(445	)		103,468

Summary of Financial Information on Subsidiaries

Summarized consolidated statements of financial position as of December 31, 2015, 2016 and 2017, are as follows:


	2015
(In millions of Korean won)	KT Skylife Co., Ltd.			BC Card Co., Ltd.			KT Powertel Co., Ltd.			KT Hitel Co., Ltd.			KT Telecop Co., Ltd.
Non-controlling Interests rate(%)		49.73	%		30.46	%		55.15	%		36.30	%		13.18	%
Current assets	￦	279,480		￦	2,291,047		￦	65,739		￦	157,355		￦	58,457
Non-current assets		431,814			672,905			47,776			78,402			210,734
Current liabilities		143,511			1,882,363			16,016			33,656			82,353
Non-current liabilities		74,339			63,271			5,166			282			52,613

Equity		493,444			1,018,318			92,333			201,819			134,225
Accumulated non-controlling interests		316,880			322,921			50,926			50,689			103,428
Operating revenue		668,521			3,504,946			104,527			162,155			302,844
Profit or loss for the year		72,987			218,969			(32,417	)		7,258			(7,593	)
Total comprehensive income		73,147			188,360			(32,417	)		6,769			(7,593	)
The profit or loss allocated to non-controlling interests		27,032			62,943			(17,880	)		(608	)		(1,000	)
Cash flows from operating activities		157,762			128,927			(12,016	)		22,556			36,216
Cash flows from investing activities		(92,350	)		73,118			10,691			(19,949	)		(91,846	)
Cash flows from financing activities before dividend paid to non-controlling interests		(35,984	)		(75,121	)		(2,015	)		—			(32,491	)
Dividend paid to non-controlling interests		(8,325	)		(22,650	)		(1,118	)		—			—
Net (decrease)/increase in cash and cash equivalents		29,428			126,924			(3,340	)		2,607			(88,121	)


	2016
(In millions of Korean won)	KT Skylife Co., Ltd.			BC Card Co., Ltd.			KT Powertel Co., Ltd.			KT Hitel Co., Ltd.			KT Telecop Co., Ltd.
Non-controlling Interests rate(%)		49.73	%		30.46	%		55.15	%		35.27	%		13.18	%
Current assets	￦	352,980		￦	2,945,584		￦	69,046		￦	158,210		￦	63,802
Non-current assets		424,968			705,480			44,679			90,992			201,751
Current liabilities		151,329			2,530,832			17,910			45,277			53,903
Non-current liabilities		80,123			71,571			1,989			1,664			78,441
Equity		546,496			1,048,661			93,826			202,261			133,209
Accumulated non-controlling interests		329,676			329,338			51,751			51,798			103,532
Operating revenue		668,945			3,567,512			81,390			198,994			315,948
Profit or loss for the year		68,863			163,131			202			4,298			143
Total comprehensive income		68,785			178,744			202			1,399			143
The profit or loss allocated to non-controlling interests		22,445			47,068			112			1,274			19
Cash flows from operating activities		155,399			92,818			7,271			28,987			60,461
Cash flows from investing activities		(210,480	)		(37,313	)		(8,191	)		(33,238	)		(45,243	)
Cash flows from financing activities before dividend paid to non-controlling interests		(16,647	)		(147,306	)		—			—			—
Dividend paid to non-controlling interests		(8,279	)		(44,637	)		—			—			—
Gain or loss foreign currency translation		—			(178	)		—			3			—
Net (decrease)/increase in cash and cash equivalents		(71,728	)		(91,801	)		(920	)		(4,251	)		15,218


	2017
(In millions of Korean won)	KT Skylife Co., Ltd.			BC Card Co., Ltd.			KT Powertel Co., Ltd.			KT Hitel Co., Ltd.			KT Telecop Co., Ltd.
Non-controlling Interests rate(%)		49.73	%		30.46	%		55.15	%		32.87	%		13.18	%
Current assets	￦	324,632		￦	3,225,262		￦	73,527		￦	150,368		￦	73,023
Non-current assets		468,261			823,001			41,598			107,872			191,330
Current liabilities		185,995			2,868,669			18,450			49,922			90,569
Non-current liabilities		24,555			86,369			487			3,021			41,064
Equity		582,343			1,093,225			96,188			205,297			132,720
Accumulated non-controlling interests		328,302			339,067			53,053			53,146			103,468
Operating revenue		687,752			3,628,995			69,234			227,884			317,591
Profit or loss for the year		57,314			156,109			2,112			3,225			2,885
Total comprehensive income		55,586			141,719			2,362			3,036			(490	)
The profit or loss allocated to non-controlling interests		9,395			43,961			1,165			870			381
Cash flows from operating activities		99,269			108,203			13,895			28,320			57,262
Cash flows from investing activities		(81,758	)		(568,518	)		(17,354	)		(36,086	)		(43,483	)
Cash flows from financing activities before dividend paid to non-controlling interests		(19,739	)		(97,221	)		—			—			—
Dividend paid to non-controlling interests		(9,817	)		(29,490	)		—			—			—
Gain or loss foreign currency translation		—			(184	)		—			(47	)		—
Net (decrease)/increase in cash and cash equivalents		(2,228	)		(557,536	)		(3,459	)		(7,766	)		13,779

Summary of Changes in Ownership Interest on the Equity Attributable to Owners

The effect of changes in the ownership interest on the equity attributable to owners of the Group during 2015, 2016 and 2017 is summarized as follows:


(in millions of Korean won)	2015		2016		2017
Carrying amount of non-controlling interests acquired	￦	—	￦	4,022	￦	(732	)
Consideration paid to non-controlling interests		2,699		7,347		6,173

Excess of consideration paid recognized in parent’s equity	￦	2,699	￦	11,369	￦	5,441