XML 76 R27.htm IDEA: XBRL DOCUMENT
v3.20.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2019
Text block [abstract] |
Leases |
21. | Leases
Information on leases when the Group is a lessee is as follows: Information on leases when the Group is a lessor is provided in Note 12.
| (i) | Amounts recognized in the consolidated statement of financial position
The consolidated statement of financial position shows the following amounts relating to leases:
(In millions of Korean won) |  | January 1, 2019 |  |  | December 31, 2019 |
Right-of-use assets |  |  |  |  |  |  |  |
Property and building |  | ￦ | 559,813 |  |  | ￦ | 540,787 |
Machinery and track facilities |  |  | 234,507 |  |  |  | 140,296 |
Others |  |  | 105,463 |  |  |  | 107,414 |
Total |  | ￦ | 899,783 |  |  | ￦ | 788,497 |
Investment property (buildings) |  |  | 46,666 |  |  |  | 50,010 |
Lease liabilities 1 |  |  |  |  |  |  |  |
Current |  | ￦ | 336,530 |  |  | ￦ | 355,833 |
Non-Current |  |  | 470,703 |  |  |  | 373,306 |
Total |  | ￦ | 807,233 |  |  | ￦ | 729,139 |
| 1 | Included in the line items ‘Other current liabilities and other non-current liabilities’ in the consolidated statement of financial position (Notes 9 and 40).
For the year ended December 31,2019, right-of-use assets has increased for ￦ 426,965 million and investment property has increased for ￦ 73,119 million for lease contracts. Amounts recognized in the consolidated statements of profit or loss.
| (ii) | Amounts recognized in the consolidated statement s of operations
The consolidated statement s of operations shows the following amounts relating to leases:
(In millions of Korean won) |  | December 31, 2019 |
Depreciation of Right-of-use assets |  |  |  |
Property and building |  | ￦ | 310,202 |
Machinery and track facilities |  |  | 89,452 |
Others |  |  | 52,402 |
Total |  | ￦ | 452,056 |
Depreciation of Investment Properties |  |  | 21,809 |
Interest expense relating to lease liabilities |  |  | 44,799 |
Expense relating to short-term leases |  |  | 14,718 |
Expense relating to leases of low-value assets that are not short-term leases |  |  | 26,575 |
Expense relating to variable lease payments not included in lease liabilities |  |  | 5,993 |
The total cash outflow for leases for December 31, 2019, was ￦ 532,730 million.
| (iii) | Finance lease – 2018
The Group’s non-cancellable lease arrangements as at December 31, 2018 is as follows: Details of finance lease assets as at December 31, 2018 is as follows:
(In millions of Korean won) |  | December 31, 2018 |
Acquisition Cost |  | ￦ | 343,055 |
Less: Accumulated depreciation |  |  | (152,244 | )
Net Balance |  | ￦ | 190,811 |
As at December 31, 2018, the Group recognized financial lease assets as other property and equipment. The related depreciation amounted to ￦ 63,070 million for the year ended December 31, 2018. The leased assets from the current date are presented as right-of-use assets in the consolidated statements of financial position. Details of changes in accounting policies are provided in Note 40. Details of future minimum lease payments as at December 31, 2018 under finance lease contracts are summarized below:
(In millions of Korean won) |  | December 31, 2018 |
Total amount of minimum lease payments |  |  |  |
Within one year |  | ￦ | 77,615 |
For one year to five years |  |  | 124,498 |
Thereafter |  |  | 79 |
Total |  | ￦ | 202,192 |
Unrealized interest expense |  |  | 38,334 |
(In millions of Korean won) |  | December 31, 2018 |
Net amount of minimum lease payments |  |  |  |
Within one year |  | ￦ | 59,324 |
For one year to five years |  |  | 104,456 |
Thereafter |  |  | 78 |
Total |  | ￦ | 163,858 |
| (iv) | Operating lease – 2018
Details of future minimum lease payments as at December 31, 2018 under operating lease contracts are summarized below:
(In millions of Korean won) |  | December 31, 2018 |
Within one year |  | ￦ | 287,149 |
For one year to five years |  |  | 389,057 |
Thereafter |  |  | 28,976 |
Total |  | ￦ | 705,182 |
Operating lease expenses incurred for the years ended December 31, 2018 amounted to ￦ 132,225 million. As of January 1, 2019, the Group recognized right-of-use assets for these leases, except for short-term leases and underlying assets are not low value assets asset leases (Note 40).

X
- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfLeasesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | kt_TextBlockAbstract
Namespace Prefix: | kt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration