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Trade and Other Receivables | 12 Months Ended
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Dec. 31, 2021
Text block [abstract] |
Trade and Other Receivables |
6. | Trade and Other Receivables
Trade and other receivables as at December 31, 2020 and 2021, are as fol l ows:
|  | December 31, 2020 |
(In millions of Korean won) |  | Total amounts |  |  | Provision for impairment |  |  | Present value discount |  |  | Carrying amount |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | ￦ | 3,388,099 |  |  | ￦ | (322,992 | ) |  | ￦ | (8,977 | ) |  | ￦ | 3,056,130 |
Other receivables |  |  | 1,948,108 |  |  |  | (101,619 | ) |  |  | (148 | ) |  |  | 1,846,341 |
|  | ￦ | 5,336,207 |  |  | ￦ | (424,611 | ) |  | ￦ | (9,125 | ) |  | ￦ | 4,902,471 |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | ￦ | 892,992 |  |  | ￦ | (4,323 | ) |  | ￦ | (34,716 | ) |  | ￦ | 853,953 |
Other receivables |  |  | 513,926 |  |  |  | (102,985 | ) |  |  | (14,125 | ) |  |  | 396,816 |
|  | ￦ | 1,406,918 |  |  | ￦ | (107,308 | ) |  | ￦ | (48,841 | ) |  | ￦ | 1,250,769 |
|  | December 31, 2021 |
(In millions of Korean won) |  | Total amounts |  |  | Provision for impairment |  |  | Present value discount |  |  | Carrying amount |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | ￦ | 3,337,398 |  |  | ￦ | (346,869 | ) |  | ￦ | (7,662 | ) |  | ￦ | 2,982,867 |
Other receivables |  |  | 2,201,781 |  |  |  | (93,256 | ) |  |  | (3,902 | ) |  |  | 2,104,623 |
|  | ￦ | 5,539,179 |  |  | ￦ | (440,125 | ) |  | ￦ | (11,564 | ) |  | ￦ | 5,087,490 |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  | ￦ | 612,654 |  |  | ￦ | (2,856 | ) |  | ￦ | (17,351 | ) |  | ￦ | 592,447 |
Other receivables |  |  | 621,195 |  |  |  | (108,131 | ) |  |  | (14,185 | ) |  |  | 498,879 |
|  | ￦ | 1,233,849 |  |  | ￦ | (110,987 | ) |  | ￦ | (31,536 | ) |  | ￦ | 1,091,326 |
The fair values of trade and other receivables with original maturities less than one year equal to their carrying amounts because the discounting effect is immaterial. The fair value of trade and other receivables with original maturities longer than one year, which are mainly from sales of goods, is determined by discounting the expected future cash flow at the weighted average interest rate. Details of changes in provision for impairment for the years ended December 31, 2020 and 2021, are as follows:
|  | 2020 |  |  | 2021 |
(In millions of Korean won) |  | Trade receivables |  |  | Other receivables |  |  | Trade receivables |  |  | Other receivables |
Beginning balance |  | ￦ | 295,319 |  |  | ￦ | 83,680 |  |  | ￦ | 327,315 |  |  | ￦ | 204,604 |
Provision |  |  | 89,097 |  |  |  | 50,860 |  |  |  | 82,329 |  |  |  | 23,015 |
Reversal |  |  | — |  |  |  | (890 | ) |  |  | — |  |  |  | (508 | )
Written-off or transfer out |  |  | (60,598 | ) |  |  | (25,067 | ) |  |  | (62,564 | ) |  |  | (25,900 | )
Change in consolidation scope |  |  | 3,211 |  |  |  | 87,614 |  |  |  | 416 |  |  |  | (300 | )
Others |  |  | 286 |  |  |  | 8,407 |  |  |  | 2,229 |  |  |  | 476 |
Ending balance |  | ￦ | 327,315 |  |  | ￦ | 204,604 |  |  | ￦ | 349,725 |  |  | ￦ | 201,387 |
Provisions for impairment on trade and other receivables are recognized as operating expenses and finance costs. Details of other receivables as at December 31, 2020 and 2021, are as follows:
(In millions of Korean won) |  | December 31, 2020 |  |  | December 31, 2021 |
Loans |  | ￦ | 116,082 |  |  | ￦ | 101,718 |
Receivables 1 |  |  | 1,699,608 |  |  |  | 1,872,467 |
Accrued income |  |  | 6,901 |  |  |  | 5,933 |
Refundable deposits |  |  | 350,180 |  |  |  | 349,360 |
Loans receivable |  |  | 150,527 |  |  |  | 328,753 |
Finance lease receivables |  |  | 64,047 |  |  |  | 85,370 |
Others |  |  | 60,416 |  |  |  | 61,288 |
Less: Provision for impairment |  |  | (204,604 | ) |  |  | (201,387 | )
|  | ￦ | 2,243,157 |  |  | ￦ | 2,603,502 |
1 | Settlement receivables of BC Card Co., Ltd., a subsidiary of the Group, of ￦ 1,108,936 million related to credit card transactions are included as at December 31, 2021 (2020: ￦ 986,384 million).
The maximum exposure of trade and other receivables to credit risk is the carrying amount of each class of receivables mentioned above as at December 31, 2021. A portion of the trade receivables is classified as financial assets at fair value through other comprehensive income considering the trade receivables business model for managing the asset and the cash flow characteristics of the contract.

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
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- Definition Text block [abstract] + References No definition available. + Details
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