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Investment Properties
 12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Investment Properties
12.

Investment Properties

Changes in investment properties for the years ended December 31, 2017 and 2018, are as follows:

 

(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, net

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

Acquisition

      —         775       48,075       48,850  

Disposal and termination

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

Depreciation

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

Transfer from(to) property and equipment

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

Transfer and others

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

 

 

    

 

 

    

 

 

    

 

 

  

Ending, net

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

 

 

    

 

 

    

 

 

    

 

 

  

Acquisition cost

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

Less: Accumulated depreciation (including accumulated impairment loss and others)

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

 

(In millions of Korean won)    2018  
   Land     Buildings     Construction-
in-progress		     Total  

Acquisition cost

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

Less: Accumulated depreciation

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

 

 

    

 

 

    

 

 

    

 

 

  

Beginning, net

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

Acquisition

      1,111       7       74,145       75,263  

Disposal and termination

      (4,729 )      (10,238 )      —         (14,967 ) 

Depreciation

      —         (44,653 )      —         (44,653 ) 

Transfer from(to) property and equipment

      3,080       (5,366 )      (37,077 )      (39,363 ) 

Transfer and others

      (7,404 )      9,597       (76,920 )      (74,727 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Ending, net

    ￦ 348,848     ￦ 742,115     ￦ 121     ￦ 1,091,084  
  

 

 

    

 

 

    

 

 

    

 

 

  

Acquisition cost

    ￦ 350,417     ￦ 1,168,379     ￦ 121     ￦ 1,518,917  

Less: Accumulated depreciation (including accumulated impairment loss and others)

      (1,569 )      (426,264 )      —         (427,833 ) 

The fair value of investment properties is ￦1,821,061 million as at December 31, 2018 (2017: ￦1,755,600 million). The fair value of investment properties is estimated based on the expected cash flow.

Rental income from investment properties is ￦207,795 million in 2018 (2017: ￦205,993 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 at December 31, 2017 and 2018, are as follows:

 

(In millions of Korean won)    December 31, 2017  
     Carrying
amount		      Secured
amount		      Related
account		    Related
amount		  

Land and Buildings

    ￦ 583,778      ￦ 74,963      Deposits    ￦ 63,923  

Land and Buildings

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

 

(In millions of Korean won)    December 31, 2018  
     Carrying
amount		      Secured
amount		      Related
account		    Related
amount		  

Land and Buildings

    ￦ 548,567      ￦ 66,551      Deposits    ￦ 59,492  

Land and Buildings

    ￦ 5,292      ￦ 3,987      Borrowings    ￦ 3,322