Revenue from Contracts with Customers and Relevant Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

The Group has recognized the following amounts relating to revenue in the Consolidated Statements of Profit or Loss:


( i n millions of Korean won)	2020		2021		2022
Revenue from contracts with customers	￦	23,895,631	￦	24,712,128	￦	25,432,727
Revenue from other sources		203,763		185,877		206,128
Other income (Note 27)		341,253		307,654		595,351

Total revenue	￦	24,440,647	￦	25,205,659	￦	26,234,206

Operating revenues for the years ended December 31, 2020, 2021 and 2022 are as follows:


( i n millions of Korean won)	2020		2021		2022
Mobile services	￦	6,805,218	￦	6,936,485	￦	7,013,889
Fixed-line services		4,827,015		4,960,338		5,056,513
Fixed-line and VoIP telephone services		1,463,553		1,465,059		1,378,265
Broadband Internet access services		2,256,188		2,343,591		2,504,833
Data communication services		1,107,274		1,151,689		1,173,415
Media and content		2,637,691		2,800,630		3,099,776
Financial services		3,493,920		3,661,896		3,836,589
Sale of goods		3,593,127		3,532,973		3,393,646
Others		3,083,676		3,313,337		3,833,793

Total	￦	24,440,647	￦	25,205,659	￦	26,234,206

The contract assets and liabilities recognized in relation to the revenues from contracts with customers are as follows:

The Group recognized contract assets of

￦

160,880 million and contract liabilities of

￦

60,762 million for long term construction contracts as at December 31, 2022 (2021: contract assets of

￦

76,816 million and contract liabilities of

￦

36,447 million). The Group recognizes contract assets as trade and other receivables, and contract liabilities as other current liabilities.

Deferred revenue recognized relating to government grant is excluded.

The contract costs recognized as assets are as follows:


( i n millions of Korean won)	2020		2021		2022
Incremental cost of contract establishment	￦	1,726,191	￦	1,726,401	￦	1,744,096
Cost of Contract performance		78,757		74,843		73,582

The recognized revenue arising from carried-forward contract liabilities from prior year is as follows:


( i n millions of Korean won)	2020		2021		2022
Allocation of the transaction price	￦	251,975	￦	275,965	￦	246,843
Deferred revenue of joining/installment fee		42,685		42,100		44,204

Total	￦	294,660	￦	318,065	￦	291,047