Leases (Tables)

12 Months Ended

Dec. 31, 2019

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

Included in the line items ‘Other current liabilities and other

non-current

liabilities’ in the consolidated statement of financial position (Notes 9 and 40).

The consolidated statement

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

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

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

Details of future minimum lease payments as at December 31, 2018 under operating lease contracts are summarized below: