Information About Non-controlling Interests (Tables)

12 Months Ended

Dec. 31, 2018

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, 2016, 2017 and 2018 are as follows:


(In millions of Korean won)	December 31, 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)	December 31, 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


(In millions of Korean won)	December 31, 2018
(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	%	￦	328,302	￦	23,405		￦	(8,279	)	￦	30,722		￦	374,150
BC Card Co., Ltd.		30.46	%		339,067		28,418			(35,924	)		13,986			345,547
KT Powertel Co., Ltd.		55.15	%		53,053		(3,058	)		—			2,870			52,865
KT Hitel Co., Ltd.		32.87	%		53,146		454			—			(1,264	)		52,336
KT Telecop Co., Ltd.		13.18	%		103,468		59			—			(170	)		103,357

Summary of Financial Information on Subsidiaries

Summarized consolidated statements of financial position as at December 31, 2016, 2017 and 2018, are as follows:


	December 31, 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
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
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


	December 31, 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
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 (loss)		55,586			141,719			2,362			3,036			(490	)
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


	December 31, 2018
(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	￦	301,739		￦	2,997,429		￦	84,785		￦	161,162		￦	52,367
Non-current assets		514,263			724,950			39,279			111,546			220,125
Current liabilities		112,411			2,520,050			27,187			63,231			85,648
Non-current liabilities		37,430			110,486			1,030			2,812			54,666
Equity		666,161			1,091,843			95,847			206,665			132,178
Operating revenue		694,059			3,551,715			65,620			279,117			328,262
Profit or loss for the year		52,010			70,889			(5,545	)		657			166
Total comprehensive income (loss)		47,787			116,604			(5,792	)		738			(1,517	)
Cash flows from operating activities		183,474			86,299			11,603			43,855			40,351
Cash flows from investing activities		(139,846	)		128,538			(2,580	)		(26,335	)		(76,969	)
Cash flows from financing activities		(77,647	)		(117,561	)		—			—			10,000
Net increase (decrease) in cash and cash equivalents		(34,019	)		97,276			9,023			17,520			(26,618	)
Cash and cash equivalents at beginning of year		65,747			177,826			6,626			21,647			32,326
Exchange differences		—			(13	)		—			19			—
Cash and cash equivalents at end of year		31,728			275,089			15,649			39,186			5,708

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 2016, 2017 and 2018 is summarized as follows:


(In millions of Korean won)	2016		2017			2018
Carrying amount of non-controlling interests acquired	￦	4,022	￦	(732	)	￦	(194	)
Consideration paid to non-controlling interests		7,347		6,173			11,312

Excess of consideration paid recognized in parent’s equity	￦	11,369	￦	5,441		￦	11,118