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Information About Non-controlling Interests | 12 Months Ended
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Dec. 31, 2019
Text block [abstract] |
Information About Non-controlling Interests |
39. | Information About Non-controlling Interests
| 39.1 | 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, 2017, 2018 and 2019 are as follows:
(In millions of Korean won) |  | December 31, 2017 |
| 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 |
| 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 |
(In millions of Korean won) |  | December 31, 2019 |
| 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 | % |  | ￦ | 374,150 |  |  | ￦ | 10,029 |  |  | ￦ | (8,279 | ) |  | ￦ | 6 |  |  | ￦ | 375,906 |
BC Card Co., Ltd. |  |  | 30.46 | % |  |  | 345,547 |  |  |  | 37,795 |  |  |  | (18,900 | ) |  |  | 53,033 |  |  |  | 417,475 |
KT Powertel Co., Ltd. |  |  | 55.15 | % |  |  | 52,865 |  |  |  | 1,751 |  |  |  | — |  |  |  | (340 | ) |  |  | 54,276 |
KT Hitel Co.,Ltd. |  |  | 32.87 | % |  |  | 52,336 |  |  |  | 1,720 |  |  |  | — |  |  |  | 653 |  |  |  | 54,709 |
KT Telecop Co., Ltd. |  |  | 13.18 | % |  |  | 103,357 |  |  |  | (588 | ) |  |  | — |  |  |  | (99,119 | ) |  |  | 3,650 |
| 39.2 | Summarized Financial Information on Subsidiaries
The summarized financial information for each subsidiary with non-controlling interests that are material to the Group before inter-company eliminations is as follows: Summarized consolidated statements of financial position as at December 31, 2017, 2018 and 2019, are as follows:
|  | 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 |
|  | December 31, 2019 |
(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 |  | ￦ | 459,077 |  |  | ￦ | 2,580,634 |  |  | ￦ | 86,465 |  |  | ￦ | 115,694 |  |  | ￦ | 55,908 |
Non-current assets |  |  | 389,199 |  |  |  | 1,332,348 |  |  |  | 31,587 |  |  |  | 164,124 |  |  |  | 223,969 |
Current liabilities |  |  | 123,506 |  |  |  | 2,452,219 |  |  |  | 17,757 |  |  |  | 62,378 |  |  |  | 64,218 |
Non-current liabilities |  |  | 19,333 |  |  |  | 142,013 |  |  |  | 2,009 |  |  |  | 12,391 |  |  |  | 89,622 |
Equity |  |  | 705,437 |  |  |  | 1,318,750 |  |  |  | 98,286 |  |  |  | 205,049 |  |  |  | 126,037 |
Operating revenue |  |  | 704,996 |  |  |  | 3,553,008 |  |  |  | 62,846 |  |  |  | 323,065 |  |  |  | 332,063 |
Profit or loss for the year |  |  | 56,008 |  |  |  | 115,885 |  |  |  | 3,085 |  |  |  | 1,426 |  |  |  | (4,875 | )
Total comprehensive income (loss) |  |  | 55,936 |  |  |  | 289,122 |  |  |  | 2,469 |  |  |  | (1,840 | ) |  |  | (6,558 | )
Cash flows from operating activities |  |  | 152,549 |  |  |  | 429,331 |  |  |  | 780 |  |  |  | 49,870 |  |  |  | 52,693 |
Cash flows from investing activities |  |  | (101,594 | ) |  |  | (419,894 | ) |  |  | (9,525 | ) |  |  | (50,138 | ) |  |  | (44,393 | )
Cash flows from financing activities |  |  | (18,833 | ) |  |  | (5,744 | ) |  |  | (687 | ) |  |  | (1,860 | ) |  |  | (5,227 | )
Net increase (decrease) in cash and cash equivalents |  |  | 32,122 |  |  |  | 3,693 |  |  |  | (9,432 | ) |  |  | (2,128 | ) |  |  | 3,073 |
Cash and cash equivalents at beginning of year |  |  | 31,728 |  |  |  | 275,089 |  |  |  | 15,649 |  |  |  | 39,186 |  |  |  | 5,708 |
Exchange differences |  |  | — |  |  |  | 380 |  |  |  | — |  |  |  | (15 | ) |  |  | — |
Cash and cash equivalents at end of year |  |  | 63,850 |  |  |  | 279,162 |  |  |  | 6,217 |  |  |  | 37,043 |  |  |  | 8,781 |
| 39.3 | Transactions with Non-controlling Interests
The effect of changes in the ownership interest on the equity attributable to owners of the Group during 2017, 2018 and 2019 is summarized as follows:
(In millions of Korean won) |  | 2017 |  |  | 2018 |  |  | 2019 |
Carrying amount of non-controlling interests acquired |  | ￦ | (732 | ) |  | ￦ | (194 | ) |  | ￦ | (9,566 | )
Consideration paid to non-controlling interests |  |  | 6,173 |  |  |  | 11,312 |  |  |  | 484 |
Excess of consideration paid recognized in parent’s equity |  | ￦ | 5,441 |  |  | ￦ | 11,118 |  |  | ￦ | (9,082 | )

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- Definition The disclosure of non-controlling interests. [Refer: Non-controlling interests] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition Text block [abstract] + References No definition available. + Details
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