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Trade and Other Receivables | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Trade and Other Receivables |
6. | Trade and Other Receivables
Trade and other receivables as at December 31, 2017 and 2018 are as follows:
|  | December 31, 2017 |
(In millions of Korean won) |  | Total amounts |  |  | Allowance for doubtful accounts |  |  | Present value discount |  |  | Carrying amount |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | ￦ | 3,405,947 |  |  | ￦ | (438,817 | ) |  | ￦ | (7,508 | ) |  | ￦ | 2,959,622 |
Other receivables |  |  | 3,071,532 |  |  |  | (66,402 | ) |  |  | (187 | ) |  |  | 3,004,943 |
|  | ￦ | 6,477,479 |  |  | ￦ | (505,219 | ) |  | ￦ | (7,695 | ) |  | ￦ | 5,964,565 |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | ￦ | 366,108 |  |  | ￦ | (610 | ) |  | ￦ | (12,803 | ) |  | ￦ | 352,695 |
Other receivables |  |  | 522,458 |  |  |  | (17,970 | ) |  |  | (28,351 | ) |  |  | 476,137 |
|  | ￦ | 888,566 |  |  | ￦ | (18,580 | ) |  | ￦ | (41,154 | ) |  | ￦ | 828,832 |
|  | December 31, 2018 |
(In millions of Korean won) |  | Total amounts |  |  | Expected credit losses |  |  | Present value discount |  |  | Carrying amount |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | ￦ | 3,422,086 |  |  | ￦ | (357,548 | ) |  | ￦ | (9,873 | ) |  | ￦ | 3,054,665 |
Other receivables |  |  | 2,700,792 |  |  |  | (74,948 | ) |  |  | (160 | ) |  |  | 2,625,684 |
|  | ￦ | 6,122,878 |  |  | ￦ | (432,496 | ) |  | ￦ | (10,033 | ) |  | ￦ | 5,680,349 |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | ￦ | 402,027 |  |  | ￦ | (2,376 | ) |  | ￦ | (17,970 | ) |  | ￦ | 381,681 |
Other receivables |  |  | 506,061 |  |  |  | (18,874 | ) |  |  | (25,873 | ) |  |  | 461,314 |
|  | ￦ | 908,088 |  |  | ￦ | (21,250 | ) |  | ￦ | (43,843 | ) |  | ￦ | 842,995 |
The fair values of trade and other receivables with original maturities less than one year equal to their carrying amounts because the discounting effect is immaterial. The fair value of trade and other receivables with original maturities longer than one year, which are mainly from sales of goods, is determined discounting the expected future cash flow at the weighted average interest rate. Details of changes in allowance for doubtful accounts the years ended December 31, 2016, 2017 and 2018, are as follows:
|  | 2016 |  |  | 2017 |  |  | 2018 |
(In millions of Korean won) |  | Trade receivables |  |  | Other receivables |  |  | Trade receivables |  |  | Other receivables |  |  | Trade receivables |  |  | Other receivables |
Beginning balance |  | ￦ | 468,741 |  |  | ￦ | 250,842 |  |  | ￦ | 470,871 |  |  | ￦ | 141,616 |  |  | ￦ | 439,427 |  |  | ￦ | 84,372 |
Provision |  |  | 84,975 |  |  |  | 7,736 |  |  |  | 38,888 |  |  |  | 5,809 |  |  |  | 91,282 |  |  |  | 21,783 |
Reversal or written-off |  |  | (80,518 | ) |  |  | (108,638 | ) |  |  | (70,121 | ) |  |  | (61,220 | ) |  |  | (170,597 | ) |  |  | (14,520 | )
Changes in the scope of consolidation |  |  | 215 |  |  |  | 56 |  |  |  | (107 | ) |  |  | (35 | ) |  |  | — |  |  |  | — |
Others |  |  | (2,542 | ) |  |  | (8,380 | ) |  |  | (104 | ) |  |  | (1,798 | ) |  |  | (188 | ) |  |  | 2,187 |
Ending balance |  | ￦ | 470,871 |  |  | ￦ | 141,616 |  |  | ￦ | 439,427 |  |  | ￦ | 84,372 |  |  | ￦ | 359,924 |  |  | ￦ | 93,822 |
Provisions for impairment on trade and other receivables are recognized as operating expenses and finance costs. Details of other receivables as at December 31, 2017 and 2018, are as follows:
(In millions of Korean won) |  | December 31, 2017 |  |  | December 31, 2018 |
Loans |  | ￦ | 84,682 |  |  | ￦ | 88,476 |
Receivables1 |  |  | 3,000,849 |  |  |  | 2,612,753 |
Accrued income |  |  | 12,186 |  |  |  | 10,171 |
Refundable deposits |  |  | 391,458 |  |  |  | 370,481 |
Loans receivable |  |  | 34,273 |  |  |  | 54,952 |
Finance lease receivables |  |  | 20,526 |  |  |  | 22,230 |
Others |  |  | 21,478 |  |  |  | 21,757 |
Less: Allowance for doubtful accounts |  |  | (84,372 | ) |  |  | (93,822 | )
|  | ￦ | 3,481,080 |  |  | ￦ | 3,086,998 |
1 | The settlement receivables of BC Card Co., Ltd. of ￦1,895,575 million (2017: ￦2,262,829 million) are included.
The maximum exposure of trade and other receivables to credit risk is the carrying amount of each class of receivables mentioned above as at December 31, 2018. A portion of the trade receivables is classified as financial assets at fair value through other comprehensive income considering the trade receivables business model for managing the asset and the cash flow characteristics of the contract.

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
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- Definition Text block [abstract] + References No definition available. + Details
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