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Investment Properties | 12 Months Ended
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Dec. 31, 2021
Text block [abstract] |
Investment Properties |
12. | Investment Properties
Changes in investment properties for the years ended December 31, 2020 and 2021, are as follows:
(In millions of Korean won) |  | 2020 |
| Land |  |  | Buildings |  |  | Construction- in-progress |  |  | Total |
Acquisition cost |  | ￦ | 555,164 |  |  | ￦ | 1,323,518 |  |  | ￦ | 1,902 |  |  | ￦ | 1,880,584 |
Less: Accumulated depreciation |  |  | (1,568 | ) |  |  | (491,586 | ) |  |  | — |  |  |  | (493,154 | )
Beginning, net |  | ￦ | 553,596 |  |  | ￦ | 831,932 |  |  | ￦ | 1,902 |  |  | ￦ | 1,387,430 |
Acquisition |  |  | 11,723 |  |  |  | 7,096 |  |  |  | 34,243 |  |  |  | 53,062 |
Disposal and termination |  |  | (1,536 | ) |  |  | (243 | ) |  |  | — |  |  |  | (1,779 | )
Depreciation |  |  | — |  |  |  | (64,531 | ) |  |  | — |  |  |  | (64,531 | )
Transfer from(to) property and equipment |  |  | (6,792 | ) |  |  | 8,848 |  |  |  | — |  |  |  | 2,056 |
Transfer and others |  |  | (18,656 | ) |  |  | 469 |  |  |  | 10,402 |  |  |  | (7,785 | )
Ending, net |  | ￦ | 538,335 |  |  | ￦ | 783,571 |  |  | ￦ | 46,547 |  |  | ￦ | 1,368,453 |
Acquisition cost |  | ￦ | 539,903 |  |  | ￦ | 1,341,326 |  |  | ￦ | 46,547 |  |  | ￦ | 1,927,776 |
Less: Accumulated depreciation |  |  | (1,568 | ) |  |  | (557,755 | ) |  |  | — |  |  |  | (559,323 | )
(In millions of Korean won) |  | 2021 |
| Land |  |  | Buildings |  |  | Construction- in-progress |  |  | Total |
Acquisition cost |  | ￦ | 539,903 |  |  | ￦ | 1,341,326 |  |  | ￦ | 46,547 |  |  | ￦ | 1,927,776 |
Less: Accumulated depreciation |  |  | (1,568 | ) |  |  | (557,755 | ) |  |  | — |  |  |  | (559,323 | )
Beginning, net |  | ￦ | 538,335 |  |  | ￦ | 783,571 |  |  | ￦ | 46,547 |  |  | ￦ | 1,368,453 |
Acquisition |  |  | 171,872 |  |  |  | 42,151 |  |  |  | 56,351 |  |  |  | 270,374 |
Disposal and termination |  |  | (17,133 | ) |  |  | (4,862 | ) |  |  | — |  |  |  | (21,995 | )
Depreciation |  |  | — |  |  |  | (47,754 | ) |  |  | — |  |  |  | (47,754 | )
Transfer from(to) property and equipment |  |  | 59,848 |  |  |  | 73,096 |  |  |  | — |  |  |  | 132,944 |
Changes in scope of consolidation |  |  | 5,262 |  |  |  | 1,779 |  |  |  | — |  |  |  | 7,041 |
Transfer and others |  |  | 55,579 |  |  |  | (7,891 | ) |  |  | (36,097 | ) |  |  | 11,591 |
Ending, net |  | ￦ | 813,763 |  |  | ￦ | 840,090 |  |  | ￦ | 66,801 |  |  | ￦ | 1,720,654 |
Acquisition cost |  | ￦ | 815,331 |  |  | ￦ | 1,424,066 |  |  | ￦ | 66,801 |  |  | ￦ | 2,306,198 |
Less: Accumulated depreciation |  |  | (1,568 | ) |  |  | (583,976 | ) |  |  | — |  |  |  | (585,544 | )
The fair value of investment properties is ￦ 4,263,381 million as at December 31, 2021 (December 31, 2020: ￦ 2,645,482 million). The fair value of investment properties is estimated based on the expected cash flow. Rental income from investment properties is ￦ 185,877 million (2020: ￦ 203,763 million ), for the year ended December 31, 2021 and direct operating expenses (including repairs and maintenance) arising from investment properties that generated rental income during the period are recognized as operating expenses. As at December 31, 2021, the Group (Lessor) has entered into a non-cancellable operating lease contract relating to real estate lease. The future minimum lease fee under this contract is ￦ 63,509 million for one year or less, ￦ 130,745 million more than one year and less than five years, W 83,589 million over five years, and ￦ 277,843 million in total. Details of investment properties provided as collateral as at December 31, 2020 and 2021, are as follows:
(In millions of Korean won) |  | December 31, 2020 |
|  | Carrying amount |  |  | Secured amount |  |  | Related account |  | Related amount |
Land and Buildings |  | ￦ | 790,414 |  |  | ￦ | 62,968 |  |  | Deposits |  | ￦ | 56,247 |
Land and Buildings |  | ￦ | 2,861 |  |  | ￦ | 3,434 |  |  | Borrowings |  | ￦ | 2,928 |
(In millions of Korean won) |  | December 31, 2021 |
|  | Carrying amount |  |  | Secured amount |  |  | Related account |  | Related amount |
Land and Buildings |  | ￦ | 828,103 |  |  | ￦ | 72,910 |  |  | Deposits |  | ￦ | 63,012 |
Land and Buildings |  | ￦ | 2,883 |  |  | ￦ | 3,688 |  |  | Borrowings |  | ￦ | 2,728 |

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- Definition The entire disclosure for investment property. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=40&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS40_g74-79_TI -URIDate 2021-03-24 + Details
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