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Financial Instruments by Category | 12 Months Ended
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Dec. 31, 2021
Text block [abstract] |
Financial Instruments by Category |
4. | Financial Instruments by Category
Financial instruments by category as at December 31, 2020 and 2021, are as follows:
(In millions of Korean won) |  | December 31, 2020 |
Financial assets |  | Financial assets at amortized cost |  |  | Financial assets at fair value through profit or loss |  |  | Financial assets at fair value through other comprehensive income |  |  | Derivatives used for hedging |  |  | Total |
Cash and cash equivalents |  | ￦ | 2,634,624 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 2,634,624 |
Trade and other receivables |  |  | 5,034,622 |  |  |  | — |  |  |  | 1,118,619 |  |  |  | — |  |  |  | 6,153,241 |
Other financial assets |  |  | 671,068 |  |  |  | 809,919 |  |  |  | 258,516 |  |  |  | 7,684 |  |  |  | 1,747,187 |
( I n millions of Korean won) |  | December 31, 2020 |
Financial liabilities |  | Financial liabilities at amortized cost |  |  | Financial liabilities at fair value through profit and loss |  |  | Derivatives used for hedging |  |  | Others |  |  | Total |
Trade and other payables |  | ￦ | 7,017,639 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 7,017,639 |
Borrowings |  |  | 7,316,298 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,316,298 |
Other financial liabilities |  |  | 132,558 |  |  |  | 2,682 |  |  |  | 127,929 |  |  |  | — |  |  |  | 263,169 |
Lease liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,143,640 |  |  |  | 1,143,640 |
(In millions of Korean won) |  | December 31, 2021 |
Financial assets |  | Financial assets at amortized cost |  |  | Financial assets at fair value through profit or loss |  |  | Financial assets at fair value through other comprehensive income |  |  | Derivatives used for hedging |  |  | Total |
Cash and cash equivalents |  | ￦ | 3,019,592 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 3,019,592 |
Trade and other receivables |  |  | 5,687,103 |  |  |  | — |  |  |  | 491,713 |  |  |  | — |  |  |  | 6,178,816 |
Other financial assets |  |  | 608,389 |  |  |  | 952,319 |  |  |  | 347,877 |  |  |  | 99,453 |  |  |  | 2,008,038 |
( I n millions of Korean won) |  | December 31, 2021 |
Financial liabilities |  | Financial liabilities at amortized cost |  |  | Financial liabilities at fair value through profit and loss |  |  | Derivatives used for hedging |  |  | Others |  |  | Total |
Trade and other payables |  | ￦ | 7,980,203 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 7,980,203 |
Borrowings |  |  | 8,437,703 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,437,703 |
Other financial liabilities |  |  | 263,500 |  |  |  | 216,040 |  |  |  | 18,126 |  |  |  | — |  |  |  | 497,666 |
Lease liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,159,369 |  |  |  | 1,159,369 |
Gains or losses arising from financial instruments by category for the years ended December 31, 2019, 2020 and 2021, are as follows:
(In millions of Korean won) |  | 2019 |  |  | 2020 |  |  | 2021 |
Financial assets at amortized cost |  |  |  |  |  |  |  |  |  |  |  |
Interest income 1 |  | ￦ | 79,838 |  |  | ￦ | 55,742 |  |  | ￦ | 74,937 |
Gain (loss) on foreign currency transactions 4 |  |  | 32,293 |  |  |  | (19,244 | ) |  |  | 12,826 |
Gain (loss) on foreign currency translation 4 |  |  | (474 | ) |  |  | (3,895 | ) |  |  | 2,911 |
Gain (loss) on disposal |  |  | (43 | ) |  |  | 138 |  |  |  | 35 |
Impairment loss |  |  | (59,947 | ) |  |  | (140,474 | ) |  |  | (110,286 | )
Financial assets at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Interest income 1 |  |  | 5,634 |  |  |  | 6,548 |  |  |  | 3,673 |
Dividend income 5 |  |  | 1,096 |  |  |  | 4,379 |  |  |  | 21,499 |
Gain on valuation 6 |  |  | 4,334 |  |  |  | 59,044 |  |  |  | 64,659 |
Gain (loss) on disposal |  |  | 5,115 |  |  |  | (329 | ) |  |  | 29,974 |
Loss on foreign currency transactions 4 |  |  | — |  |  |  | (38 | ) |  |  | — |
Gain on foreign currency translation 4 |  |  | (27 | ) |  |  | — |  |  |  | 17,794 |
Financial assets at fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |
Interest income 1 |  |  | 217,355 |  |  |  | 227,736 |  |  |  | 222,290 |
Dividend income 5 |  |  | 2,312 |  |  |  | 56 |  |  |  | 1,365 |
Impairment loss |  |  | (304 | ) |  |  | — |  |  |  | — |
Loss on disposal |  |  | (11,247 | ) |  |  | (8,152 | ) |  |  | (22,712 | )
Other comprehensive income for the year 2 |  |  | 167,152 |  |  |  | 41,997 |  |  |  | 129,780 |
(In millions of Korean won) |  | 2019 |  |  | 2020 |  |  | 2021 |
Derivative used for hedging |  |  |  |  |  |  |  |  |  |  |  |
Gain on transactions |  |  | 6,332 |  |  |  | 6,050 |  |  |  | — |
Loss (gain) on valuation |  |  | 56,537 |  |  |  | (2,707 | ) |  |  | 203,961 |
Other comprehensive income (loss) for the year 2 |  |  | 46,806 |  |  |  | (2,373 | ) |  |  | 144,967 |
Reclassified to profit or loss from other comprehensive income for the year 2,3 |  |  | (39,604 | ) |  |  | 3,645 |  |  |  | (143,305 | )
Financial liabilities at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on valuation |  |  | (1,936 | ) |  |  | 119 |  |  |  | 42,447 |
Gain on disposal |  |  | 2,664 |  |  |  | 799 |  |  |  | 2,136 |
Loss (gain) on foreign currency transactions 4 |  |  | — |  |  |  | — |  |  |  | (2 | )
Derivatives used for hedging |  |  |  |  |  |  |  |  |  |  |  |
Gain on transactions |  |  | — |  |  |  | 1,141 |  |  |  | (6,208 | )
Loss (gain) on valuation |  |  | 4,949 |  |  |  | (161,003 | ) |  |  | (7,206 | )
Other comprehensive income (loss) for the year 2 |  |  | 20,742 |  |  |  | (81,671 | ) |  |  | (3,112 | )
Reclassified to profit or loss from other comprehensive income for the year 2,3 |  |  | (5,080 | ) |  |  | 107,786 |  |  |  | 6,722 |
Financial liabilities at amortized cost |  |  |  |  |  |  |  |  |  |  |  |
Interest expense 1 |  |  | (223,974 | ) |  |  | (220,945 | ) |  |  | (232,197 | )
Loss on foreign currency transactions 4 |  |  | (20,958 | ) |  |  | (10,717 | ) |  |  | (3,580 | )
Gain (loss) on foreign currency translation 4 |  |  | (75,502 | ) |  |  | 141,849 |  |  |  | (201,623 | )
Lease liabilities |  |  |  |  |  |  |  |  |  |  |  |
Interest expense 1 |  |  | (55,001 | ) |  |  | (44,091 | ) |  |  | (36,650 | )
Total |  | ￦ | 159,062 |  |  | ￦ | (38,610 | ) |  | ￦ | 215,095 |
1 | BC Card Co., Ltd., etc., subsidiaries of the Group, recognized interest income and expenses as operating revenue and expenses, respectively. Related interest income recognized as operating revenue is ￦ 27,440 million ( 2019 : ￦ 21,018 million, 2020: ￦ 20,854 m illion) and related interest expense recognized as operating expense is ￦ 5,458 million ( 2019: ￦ 548 million, 2020: ￦ 1,456 million) for the year ended December 31, 2021.
2 | The amounts directly reflected in equity after adjustments of deferred income tax.
3 | During the current and previous year, certain derivatives of the Group was settled and the related gain or loss on valuation of cash flow hedge in other comprehensive income was reclassified to profit or loss for the year.
4 | BC Card Co., Ltd., a subsidiary of the Group recognized foreign currency translation/transaction gain and loss and as operating revenue and expense. In relation to this, foreign currency translation gain and loss recognized as operating revenue and expense amount to translation gain ￦ 3 million (2019: translation loss ￦ 5 million, 2020: translation loss ￦ 56 million) and transaction gain and loss amount to transaction gain ￦ 2,373 million (20 19: trans ac tion loss ￦ 17,006 million , 2020 : transaction loss ￦ 19,687 m illion), respectively, for the year ended December 31, 2021.
5 | BC Card Co., Ltd., etc., subsidiaries of the Group, recognized dividend income as operating revenue. Related dividend income recognized as operating revenue is ￦ 1,340 million (2019: ￦ 2,250 million , 2020: ￦ 2,059 million) for the year ended December 31, 2021.
6 | KT Investment Co., Ltd., etc., subsidiaries of the Group, recognized financial instruments measured at fair value through profit or loss as operating revenue and expenses. In relation to
| this, valuation gain and loss recognized as operating revenue and expense amount to valuation
| loss ￦ 15,459 million (2019: valuation gain ￦ 15,429 million, 2020: valuation gain ￦ 40,822 million), for the year ended December 31, 2021.

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