Other Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Other Financial Assets and Liabilities

Details of other financial assets and liabilities as at December 31, 2018 and 2019, are as follows:


(In millions of Korean won)	December 31, 2018			December 31, 2019
Other financial assets
Financial assets at amortized cost 1	￦	484,271		￦	441,804
Financial assets at fair value through profit or loss 1,2		777,685			632,324
Financial assets at fair value through other comprehensive income		326,157			557,342
Derivative used for hedging		29,843			58,576
Less: Non-current		(623,176	)		(821,658	)

Current	￦	994,780		￦	868,388

Other financial liabilities
Financial liabilities at amortized cost
Financial liabilities at fair value through profit or loss	￦	99,330		￦	129,945
Derivatives used for hedging		7,758			38
Less: Non-current		57,308			20,096
Current		(163,454	)		(149,136	)

Other financial assets	￦	942		￦	943

1	As at December 31, 2019, the Group’s other financial assets amounting to ￦ 91,445 million (2018: ￦ 60,978 million), which consist of checking account deposits and payment guarantee, are subject to withdrawal restrictions.

2	As at December 31, 2019, MMW(Money Market Wrap) and MMT(Money Market Trust) amounting to ￦ 406,062 million (2018: ￦ 610,862 million) is included in other financial assets.

Summary of Financial Assets at Fair Value Through Profit or Loss

Details of financial assets at fair value through profit or loss as at December 31, 2018 and 2019, are as follows:


(In millions of Korean won)	December 31, 2018			December 31, 2019
Equity Instruments (Listed)	￦	121		￦	232
Equity Instruments (Unlisted)		62,911			90,357
Debt securities		714,653			541,657

Derivatives held for trading		—			78

Total		777,685			632,324
Less: non-current		(269,148	)		(219,026	)

Current	￦	508,537		￦	413,298

Summary of Financial Assets at Fair Value Through Other Comprehensive Income

Details of financial assets at fair value through other comprehensive income as at December 31, 2018 and 2019, are as follows:


(In millions of Korean won)	December 31, 2018			December 31, 2019
Equity Instruments (Listed)	￦	8,861		￦	6,738
Equity Instruments (Unlisted)		310,387			543,518
Debt securities		6,909			7,086

Total		326,157			557,342
Less: non-current		(326,157	)		(556,147	)

Current	￦	—		￦	1,195

Summary of Derivative Financial Assets and Liabilities

Derivatives used for hedge as at December 31, 2018 and 2019, are as follows:


	December 31, 2018						December 31, 2019
(In millions of Korean won)	Assets			Liabilities			Assets			Liabilities
Interest rate swap 1	￦	—		￦	599		￦	—		￦	1,464
Currency swap 2		29,843			54,074			55,569			18,632
Currency forwards 3		—			2,635			3,007			—

Total		29,843			57,308			58,576			20,096
Less: non-current		(4,732	)		(56,366	)		(28,304	)		(19,177	)

Current	￦	25,111		￦	942		￦	30,272		￦	919

1	The interest rate swap contract is to hedge the risk of variability in future fair value of the bond.

2	The currency swap contract is to hedge the risk of variability in cash flow from the bond. In applying the cash flow hedge accounting, the Group hedges its exposures to cash flow fluctuation until September 7, 2034.

3	The currency forward contract is to hedge the risk of variability in cash flow from transactions in foreign currencies due to changes in foreign exchange rate.

Summary of Valuation Gains and Losses on Derivatives Contracts

The valuation gains and losses on the derivatives contracts for the years ended December 31, 2017, 2018 and 2019, are as follows:


(In millions of Korean won)	2017							2018							2019
Type of Transaction	Valuation gain		Valuation loss		Other comprehensive income 1			Valuation gain		Valuation loss		Other comprehensive income 1			Valuation gain		Valuation loss		Other comprehensive income 1
Interest rate swap	￦	38	￦	—	￦	637		￦	192	￦	—	￦	(488	)	￦	—	￦	45	￦	(963	)
Currency swap		19		187,468		(146,752	)		58,912		2,045		22,139			72,417		15,784		87,626
Currency forwards		—		22,114		(393	)		7,201		—		—			4,858		—		4,858

Total	￦	57	￦	209,582	￦	(146,508	)	￦	66,305	￦	2,045	￦	21,651		￦	77,275	￦	15,829	￦	91,521

1	The amounts before adjustments of deferred income tax directly reflected in equity and allocation to the non-controlling interest.

Summary of Financial Liabilities at Fair Value Through Profit or Loss

Details of financial liabilities at fair value through profit or loss as at December 31, 2018 and 2019, are as follows:


(In millions of Korean won)	December 31, 2018		December 31, 2019
Financial liabilities at fair value through profit or loss
Derivative liabilities held for trading	￦	7,758	￦	38

Summary of Valuation Gain and Loss on Financial Liabilities at Fair Value Through Profit or Loss

The valuation gain and loss on financial liabilities at fair value through profit or loss for the years ended December 31, 2017, 2018 and 2019, are as follows:

(In millions of Korean won)

2017

2018

2019

Valuation

gain

Valuation

loss

Valuation

gain

Valuation

loss

Valuation

gain

Valuation

loss

Derivative liabilities held for trading

￦

—

￦

3,078

￦

2,707

￦

2,014