Information About Non-controlling Interests

12 Months Ended

Dec. 31, 2020

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, 2018, 2019 and 2020 are as follows:


(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.		49.7	%	￦	328,302	￦	23,405		￦	(8,279	)	￦	30,722		￦	374,150
BC Card Co., Ltd.		30.5	%		339,067		28,418			(35,924	)		13,986			345,547
KT Powertel Co., Ltd.		55.2	%		53,053		(3,058	)		—			2,870			52,865
KT Hitel Co.,Ltd.		32.9	%		53,146		454			—			(1,264	)		52,336
KT Telecop Co., Ltd.		13.2	%		103,468		59			—			(170	)		103,357


(In millions of Korean won)	December 31, 2019
(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.		49.7	%	￦	374,150	￦	10,029		￦	(8,279	)	￦	6		￦	375,906
BC Card Co., Ltd.		30.5	%		345,547		37,795			(18,900	)		53,033			417,475
KT Powertel Co., Ltd.		55.2	%		52,865		1,751			—			(340	)		54,276
KT Hitel Co., Ltd.		32.9	%		52,336		1,720			—			653			54,709
KT Telecop Co., Ltd.		13.2	%		103,357		(588	)		—			(99,119	)		3,650


(In millions of Korean won)	December 31, 2020
(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.		49.7	%	￦	375,906	￦	22,171		￦	(8,279	)	￦	(898	)	￦	388,900
BC Card Co., Ltd.		30.5	%		417,475		9,899			(22,787	)		7,239			411,826
KT Powertel Co., Ltd.		55.2	%		54,276		2,151			(478	)		(202	)		55,747
KT Hitel Co., Ltd.		32.9	%		54,709		(1,840	)		—			(2,563	)		50,306
KT Telecop Co., Ltd.		13.2	%		3,650		152			—			(208	)		3,594

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, 2018, 2019 and 2020, are as follows:


	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 (%)		49.7	%		30.5	%		55.2	%		32.9	%		13.2	%
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 (%)		49.7	%		30.5	%		55.2	%		32.9	%		13.2	%
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


	December 31, 2020
(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 (%)		49.7	%		30.5	%		55.2	%		32.9	%		13.2	%
Current assets	￦	480,450		￦	1,785,914		￦	90,056		￦	140,948		￦	79,076
Non-current assets		439,026			1,298,484			29,638			148,001			239,380
Current liabilities		153,236			1,602,667			17,045			74,045			136,565
Non-current liabilities		21,803			176,083			1,788			18,554			57,172
Equity		744,437			1,305,648			100,861			196,350			124,719
Operating revenue		706,631			3,387,641			65,898			350,231			392,489
Profit or loss for the year		58,190			39,455			3,809			2,080			212
Total comprehensive income (loss)		55,647			61,796			3,442			(8,700	)		(1,319	)
Cash flows from operating activities		160,934			(119,163	)		6,011			62,521			35,834
Cash flows from investing activities		(105,293	)		58,042			(3,353	)		(58,186	)		(57,976	)
Cash flows from financing activities		(19,650	)		22,790			(1,515	)		(1,856	)		14,652
Net increase (decrease) in cash and cash equivalents		35,991			(38,331	)		1,143			2,479			(7,490	)
Cash and cash equivalents at beginning of year		63,850			279,162			6,217			37,043			8,781
Exchange differences		(7	)		(247	)		—			(83	)		—
Cash and cash equivalents at end of year		99,834			240,584			7,360			39,439			1,29 1

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 2018, 2019 and 2020 is summarized as follows:


(In millions of Korean won)	2018			2019			2020
Carrying amount of non-controlling interests acquired	￦	(194	)	￦	(9,566	)	￦	1,750
Consideration paid to non-controlling interests		11,312			484			9,878

Excess of consideration paid recognized in parent’s equity	￦	11,118		￦	(9,082	)	￦	11,628