XML 58 R47.htm IDEA: XBRL DOCUMENT
v3.22.1

Business Combination | 12 Months Ended
--- | ---
Dec. 31, 2021
Text block [abstract] |
Business Combination |
4 1 . | Business Combination
KT Skylife Co., Ltd., a subsidiary of the Group, acquired 7,000,000 common shares (100%) of Hyundai HCN Co., Ltd. for ￦ 515,091 million on September 30, 2021 to strengthen the competitiveness of the paid broadcasting business and create synergy and changed its name to HCN Co., Ltd. KT ES Pte. Ltd., a subsidiary of the group, acquired 81,320,642 common shares (100%) of Epsilon Global Communications Pte. Ltd. for USD 135 million on September 30, 2021 to expand its global telecommunications business and create synergy. The details of major business combinations that occurred for the year ended December 31, 2021, are as follows.
( I n millions of Korean won) |  | Major transfer business |  | Business combination date |  |  | Transfer price |
HCN Co., Ltd. |  | Cable television service |  |  | Sep. 30, 2021 |  |  | ￦ | 515,091 |
Epsilon Global Communications Pte. Ltd. |  | Network service industry |  |  | Sep. 30, 2021 |  |  |  | 159,738 |
The values of assets and liabilities acquired on the acquisition date from major business combinations for the year ended December 31, 2021, are as follows:
( I n millions of Korean won) |  | HCN Co., Ltd. |  |  | Epsilon Global Communications Pte. Ltd. |
I. Total transfer price (A) |  | ￦ | 515,091 |  |  | ￦ | 159,738 |
II. Amount recognized as identifiable assets and liabilities |  |  |  |  |  |  |  |
Non-current assets |  |  | 243,397 |  |  |  | 73,810 |
Current assets |  |  | 104,574 |  |  |  | 19,003 |
Non-current liabilities |  |  | 49,409 |  |  |  | 36,773 |
Current liabilities |  |  | 36,151 |  |  |  | 46,008 |
Total identifiable net assets (B) |  |  | 262,411 |  |  |  | 10,032 |
III. Non-controlling interest (C) |  |  | — |  |  |  | — |
IV. Fair value of net assets acquired (D=B-C) |  |  | 262,411 |  |  |  | 10,032 |
V. Goodwill (E=A-D) |  | ￦ | 252,680 |  |  | ￦ | 149,706 |
The fair values of assets and liabilities acquired on the acquisition date from major business combinations for the year
( I n millions of Korean won) |  | HCN Co., Ltd. |  |  | Epsilon Global Communications Pte. Ltd. |
Fair value of identifiable assets |  | ￦ | 347,971 |  |  | ￦ | 92,813 |
Cash and cash equivalents |  |  | 57,322 |  |  |  | 7,470 |
Trade and other receivables |  |  | 34,820 |  |  |  | 11,533 |
Other financial assets |  |  | 8,847 |  |  |  | — |
Finance lease receivables |  |  | 4,119 |  |  |  | — |
Property and equipment |  |  | 90,895 |  |  |  | 21,457 |
Investment properties |  |  | 7,178 |  |  |  | — |
Right-of-use assets |  |  | 2,601 |  |  |  | 34,254 |
Intangible assets |  |  | 1,819 |  |  |  | 3,311 |
Customer relationship (Intangible assets) |  |  | 125,893 |  |  |  | 12,964 |
Deferred income tax assets |  |  | — |  |  |  | 1,824 |
Long-term finance lease receivables |  |  | 3,108 |  |  |  | — |
Other non-current assets |  |  | 6,644 |  |  |  | — |
Investments in associates and joint ventures |  |  | 2,760 |  |  |  | — |
Other non-current financial assets |  |  | 1,965 |  |  |  | — |
Fair value of identifiable liabilities |  |  | 85,560 |  |  |  | 82,781 |
Trade and other payables |  |  | 32,075 |  |  |  | 22,648 |
Lease liabilities |  |  | 2,620 |  |  |  | 40,021 |
Current provisions |  |  | 345 |  |  |  | — |
Current income tax liabilities |  |  | 2,401 |  |  |  | — |
Other current liabilities |  |  | 2,940 |  |  |  | 680 |
Net defined benefit liabilities |  |  | 4,535 |  |  |  | — |
Deferred income tax liabilities |  |  | 40,376 |  |  |  | 2,204 |
Other non-current liabilities |  |  | 268 |  |  |  | 631 |
Borrowings |  |  | — |  |  |  | 16,597 |
Fair value of identifiable net assets |  | ￦ | 262,411 |  |  | ￦ | 10,032 |
Intangible assets additionally identified by the Group as a result of major business combinations for the year
( I n millions of Korean won) |  | Goodwill |  |  | Customer relationship |
HCN Co., Ltd. |  | ￦ | 252,680 |  |  | ￦ | 125,893 |
Epsilon Global Communications Pte. Ltd. |  |  | 149,706 |  |  |  | 12,964 |
Operating revenue and net profit and loss before elimination of intercompany transactions of the acquired companies transferred through major business combinations for the year ended December 31, 2021, are as follows:
|  | After business combination |  |  | 2021 1 |
(In millions of Korean won) |  | Operating revenue |  |  | Profit (loss) for the year |  |  | Operating revenue |  |  | Profit (loss) for the year |
HCN Co., Ltd. |  | ￦ | 63,682 |  |  | ￦ | 7,882 |  |  | ￦ | 248,636 |  |  | ￦ | 21,821 |
Epsilon Global Communications Pte. Ltd. |  |  | 15,670 |  |  |  | (2,866 | ) |  |  | 60,178 |  |  |  | (12,592 | )
| 1 | Operating revenue and profit or loss of the entity for the current reporting period as though the acquisition date for all business combinations that occurred during the year had been as at the beginning of the annual reporting period.

X
- Definition The entire disclosure for business combinations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2021-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS03_g59-63__IFRS03_g59-63_TI -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfBusinessCombinationsExplanatory
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