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Information About Non-controlling Interests | 12 Months Ended
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Dec. 31, 2023
Text block [abstract] |
Information About Non-controlling Interests |
39. | Information About Non-controlling Interests
( 1 ) Changes in Accumulated Non-controlling Interests Profit or loss allocated to non-controlling interests and accumulated non-controlling interests of subsidiaries that are material to the Group for the years ended December 31, 2021, 2022 and 2023 are as follows:
(In millions of Korean won) |  | December 31, 2021 |
| Non- controlling Interests rate (%) |  |  | Accumulated non-controlling interests at the beginning of the year |  |  | Profit or loss allocated to non-controlling interests |  |  | Dividends paid to non- controlling interests |  |  | Others |  |  | Accumulated non-controlling interests at the end of the year |
KT Skylife Co., Ltd. |  |  | 49.7 | % |  | ￦ | 388,900 |  |  | ￦ | 24,795 |  |  | ￦ | (8,279 | ) |  | ￦ | 5,279 |  |  | ￦ | 410,695 |
BC Card Co., Ltd. |  |  | 30.5 | % |  |  | 411,826 |  |  |  | 34,496 |  |  |  | (6,434 | ) |  |  | 59,040 |  |  |  | 498,928 |
KTIS Corporation |  |  | 68.6 | % |  |  | 120,071 |  |  |  | 17,715 |  |  |  | (1,837 | ) |  |  | (709 | ) |  |  | 135,240 |
KTCS Corporation |  |  | 79.7 | % |  |  | 129,502 |  |  |  | 21,394 |  |  |  | (2,211 | ) |  |  | (3,574 | ) |  |  | 145,111 |
Nasmedia, Co., Ltd. |  |  | 56.0 | % |  |  | 112,549 |  |  |  | 15,185 |  |  |  | (3,808 | ) |  |  | 255 |  |  |  | 124,181 |
(In millions of Korean won) |  | December 31, 2022 |
| Non- controlling Interests rate (%) |  |  | Accumulated non-controlling interests at the beginning of the year |  |  | Profit or loss allocated to non-controlling interests |  |  | Dividends paid to non- controlling interests |  |  | Others |  |  | Accumulated non-controlling interests at the end of the year |
KT Skylife Co., Ltd. |  |  | 49.8 | % |  | ￦ | 410,695 |  |  | ￦ | 7,127 |  |  | ￦ | (8,284 | ) |  | ￦ | 13,651 |  |  | ￦ | 423,189 |
BC Card Co., Ltd. |  |  | 30.5 | % |  |  | 498,928 |  |  |  | 47,909 |  |  |  | (7,641 | ) |  |  | (14,539 | ) |  |  | 524,657 |
KTIS Corporation |  |  | 66.7 | % |  |  | 135,240 |  |  |  | 14,965 |  |  |  | (2,226 | ) |  |  | (6,577 | ) |  |  | 141,402 |
KTCS Corporation |  |  | 78.3 | % |  |  | 145,111 |  |  |  | 18,888 |  |  |  | (2,721 | ) |  |  | (7,397 | ) |  |  | 153,881 |
Nasmedia, Co., Ltd. |  |  | 56.0 | % |  |  | 124,181 |  |  |  | 15,610 |  |  |  | (4,187 | ) |  |  | (179 | ) |  |  | 135,425 |
(In millions of Korean won) |  | December 31, 2023 |
| Non- controlling Interests rate (%) |  |  | Accumulated non-controlling interests at the beginning of the year |  |  | Profit or loss allocated to non-controlling interests |  |  | Dividends paid to non- controlling interests |  |  | Others |  |  | Accumulated non-controlling interests at the end of the year |
KT Skylife Co., Ltd. |  |  | 49.4 | % |  | ￦ | 423,189 |  |  | ￦ | (47,355 | ) |  | ￦ | (8,287 | ) |  | ￦ | (6,192 | ) |  | ￦ | 361,355 |
BC Card Co., Ltd. |  |  | 30.5 | % |  |  | 524,657 |  |  |  | 25,355 |  |  |  | (4,960 | ) |  |  | 3,023 |  |  |  | 548,075 |
KTIS Corporation |  |  | 66.7 | % |  |  | 141,402 |  |  |  | 5,947 |  |  |  | (2,451 | ) |  |  | (1,872 | ) |  |  | 143,026 |
KTCS Corporation |  |  | 78.3 | % |  |  | 153,881 |  |  |  | 14,228 |  |  |  | (3,001 | ) |  |  | (2,313 | ) |  |  | 162,795 |
Nasmedia Co., Ltd |  |  | 55.9 | % |  |  | 135,425 |  |  |  | 10,679 |  |  |  | (4,028 | ) |  |  | (467 | ) |  |  | 141,609 |
( 2 ) Summarized Financial Information on Subsidiaries The summarized financial information for each subsidiary with non-controlling interests that are material to the Group, before inter-company eliminations, is as follows:
|  | December 31, 2022 |
(in millions of Korean won) |  | KT Skylife Co., Ltd. |  |  | BC Card Co., Ltd. |  |  | KTIS Corporation |  |  | KTCS Corporation |  |  | Nasmedia, Co., Ltd. |
Current assets |  | ￦ | 420,701 |  |  | ￦ | 3,152,622 |  |  | ￦ | 102,121 |  |  | ￦ | 296,209 |  |  | ￦ | 435,359 |
Non-current assets |  |  | 938,465 |  |  |  | 2,513,453 |  |  |  | 294,087 |  |  |  | 123,517 |  |  |  | 81,586 |
Current liabilities |  |  | 274,637 |  |  |  | 2,879,551 |  |  |  | 103,698 |  |  |  | 188,379 |  |  |  | 261,381 |
Non-current liabilities |  |  | 229,042 |  |  |  | 1,229,649 |  |  |  | 95,506 |  |  |  | 40,240 |  |  |  | 14,349 |
Equity |  |  | 855,487 |  |  |  | 1,556,875 |  |  |  | 197,004 |  |  |  | 191,107 |  |  |  | 241,215 |
|  | December 31, 2023 |
(in millions of Korean won) |  | KT Skylife Co., Ltd. |  |  | BC Card Co., Ltd. |  |  | KTIS Corporation |  |  | KTCS Corporation |  |  | Nasmedia, Co., Ltd. |
Current assets |  | ￦ | 425,661 |  |  | ￦ | 3,739,847 |  |  | ￦ | 111,313 |  |  | ￦ | 304,508 |  |  | ￦ | 411,774 |
Non-current assets |  |  | 795,182 |  |  |  | 2,613,031 |  |  |  | 336,296 |  |  |  | 130,391 |  |  |  | 101,537 |
Current liabilities |  |  | 353,839 |  |  |  | 3,661,263 |  |  |  | 116,271 |  |  |  | 187,621 |  |  |  | 251,207 |
Non-current liabilities |  |  | 125,531 |  |  |  | 1,061,169 |  |  |  | 127,248 |  |  |  | 47,228 |  |  |  | 11,129 |
Equity |  |  | 741,473 |  |  |  | 1,630,446 |  |  |  | 204,090 |  |  |  | 200,050 |  |  |  | 250,975 |
Summarized consolidated statements of comprehensive income for the years ended December 31, 2021,2022 and 2023 are as follows:
|  | 2021 |
(in millions of Korean won) |  | KT Skylife Co., Ltd. |  |  | BC Card Co., Ltd. |  |  | KTIS Corporation |  |  | KTCS Corporation |  |  | Nasmedia, Co., Ltd. |
Operating revenue |  | ￦ | 772,950 |  |  | ￦ | 3,580,970 |  |  | ￦ | 487,801 |  |  | ￦ | 968,499 |  |  | ￦ | 125,876 |
Profit for the year |  |  | 62,309 |  |  |  | 120,308 |  |  |  | 24,944 |  |  |  | 19,034 |  |  |  | 27,120 |
Other comprehensive income (loss) |  |  | 12,686 |  |  |  | 2,270 |  |  |  | 3,725 |  |  |  | (2,120 | ) |  |  | 871 |
Total comprehensive income |  |  | 74,995 |  |  |  | 122,578 |  |  |  | 28,669 |  |  |  | 16,914 |  |  |  | 27,991 |
|  | 2022 |
(in millions of Korean won) |  | KT Skylife Co., Ltd. |  |  | BC Card Co., Ltd. |  |  | KTIS Corporation |  |  | KTCS Corporation |  |  | Nasmedia, Co., Ltd. |
Operating revenue |  | ￦ | 1,038,468 |  |  | ￦ | 3,897,090 |  |  | ￦ | 536,229 |  |  | ￦ | 1,031,010 |  |  | ￦ | 153,210 |
Profit for the year |  |  | 20,941 |  |  |  | 148,341 |  |  |  | 15,917 |  |  |  | 17,634 |  |  |  | 27,691 |
Other comprehensive income (loss) |  |  | 13,544 |  |  |  | (5,286 | ) |  |  | (2,415 | ) |  |  | (134 | ) |  |  | (695 | )
Total comprehensive income |  |  | 34,485 |  |  |  | 143,055 |  |  |  | 13,502 |  |  |  | 17,500 |  |  |  | 26,996 |
|  | 2023 |
(in millions of Korean won) |  | KT Skylife Co., Ltd. |  |  | BC Card Co., Ltd. |  |  | KTIS Corporation |  |  | KTCS Corporation |  |  | Nasmedia, Co., Ltd. |
Operating revenue |  | ￦ | 1,034,342 |  |  | ￦ | 4,027,450 |  |  | ￦ | 593,162 |  |  | ￦ | 1,035,911 |  |  | ￦ | 147,934 |
Profit for the year |  |  | (109,407 | ) |  |  | 76,545 |  |  |  | 13,922 |  |  |  | 15,804 |  |  |  | 17,703 |
Other comprehensive income (loss) |  |  | (6,625 | ) |  |  | 13,832 |  |  |  | (3,162 | ) |  |  | (2,550 | ) |  |  | (1,890 | )
Total comprehensive income |  |  | (116,032 | ) |  |  | 90,377 |  |  |  | 10,760 |  |  |  | 13,254 |  |  |  | 15,813 |
Summarized consolidated statements of cash flows for the years ended December 31, 2021,2022 and 2023 are as follows:
|  | 2021 |
(in millions of Korean won) |  | KT Skylife Co., Ltd. |  |  | BC Card Co., Ltd. |  |  | KTIS Corporation |  |  | KTCS Corporation |  |  | Nasmedia, Co., Ltd. |
Cash flows from operating activities |  | ￦ | 102,947 |  |  | ￦ | (157,645 | ) |  | ￦ | 49,011 |  |  | ￦ | 6,945 |  |  | ￦ | 44,500 |
Cash flows from investing activities |  |  | (352,116 | ) |  |  | (283,313 | ) |  |  | (27,143 | ) |  |  | (1,039 | ) |  |  | (16,966 | )
Cash flows from financing activities |  |  | 230,010 |  |  |  | 526,563 |  |  |  | (23,126 | ) |  |  | (16,622 | ) |  |  | (9,843 | )
Net increase (decrease) in cash and cash equivalents |  |  | (19,159 | ) |  |  | 85,605 |  |  |  | (1,258 | ) |  |  | (10,716 | ) |  |  | 17,691 |
Cash and cash equivalents at beginning of year |  |  | 99,834 |  |  |  | 240,584 |  |  |  | 31,779 |  |  |  | 75,440 |  |  |  | 53,720 |
Exchange differences |  |  | (3 | ) |  |  | 293 |  |  |  | — |  |  |  | (840 | ) |  |  | (15 | )
Cash and cash equivalents at end of the year |  |  | 80,672 |  |  |  | 326,482 |  |  |  | 30,521 |  |  |  | 63,884 |  |  |  | 71,396 |
|  | 2022 |
(in millions of Korean won) |  | KT Skylife Co., Ltd. |  |  | BC Card Co., Ltd. |  |  | KTIS Corporation |  |  | KTCS Corporation |  |  | Nasmedia, Co., Ltd. |
Cash flows from operating activities |  | ￦ | 176,407 |  |  | ￦ | (798,043 | ) |  | ￦ | 13,809 |  |  | ￦ | 19,423 |  |  | ￦ | 22,015 |
Cash flows from investing activities |  |  | (78,928 | ) |  |  | (7,733 | ) |  |  | 9,813 |  |  |  | 13,245 |  |  |  | 3,845 |
Cash flows from financing activities |  |  | (79,455 | ) |  |  | 914,441 |  |  |  | (29,199 | ) |  |  | (35,578 | ) |  |  | (11,136 | )
Net increase (decrease) in cash and cash equivalents |  |  | 18,024 |  |  |  | 108,665 |  |  |  | (5,577 | ) |  |  | (2,910 | ) |  |  | 14,724 |
Cash and cash equivalents at beginning of year |  |  | 80,672 |  |  |  | 326,482 |  |  |  | 30,521 |  |  |  | 63,884 |  |  |  | 71,396 |
Exchange differences |  |  | (1 | ) |  |  | (100 | ) |  |  | — |  |  |  | 840 |  |  |  | 13 |
Cash and cash equivalents at end of the year |  |  | 98,695 |  |  |  | 435,047 |  |  |  | 24,944 |  |  |  | 61,814 |  |  |  | 86,133 |
|  | 2023 |
(in millions of Korean won) |  | KT Skylife Co., Ltd. |  |  | BC Card Co., Ltd. |  |  | KTIS Corporation |  |  | KTCS Corporation |  |  | Nasmedia, Co., Ltd. |
Cash flows from operating activities |  | ￦ | 207,207 |  |  | ￦ | 82,883 |  |  | ￦ | 50,892 |  |  | ￦ | 55,146 |  |  | ￦ | 8,116 |
Cash flows from investing activities |  |  | (125,343 | ) |  |  | (74,430 | ) |  |  | (17,636 | ) |  |  | (5,901 | ) |  |  | (30,910 | )
Cash flows from financing activities |  |  | (50,811 | ) |  |  | (67,609 | ) |  |  | (32,872 | ) |  |  | (26,948 | ) |  |  | (11,077 | )
Net increase (decrease) in cash and cash equivalents |  |  | 31,053 |  |  |  | (59,156 | ) |  |  | 384 |  |  |  | 22,297 |  |  |  | (33,871 | )
Cash and cash equivalents at beginning of year |  |  | 98,695 |  |  |  | 435,047 |  |  |  | 24,944 |  |  |  | 61,814 |  |  |  | 86,133 |
Exchange differences |  |  | — |  |  |  | (95 | ) |  |  | — |  |  |  | — |  |  |  | 15 |
Cash and cash equivalents at end of the year |  |  | 129,748 |  |  |  | 375,796 |  |  |  | 25,328 |  |  |  | 84,111 |  |  |  | 52,277 |
(3) Transactions with Non-controlling Interests The effect of changes in the ownership interest on the equity attributable to owners of the Group for the years ended December 31, 2021, 2022 and 2023 is summarized as follows:
(in millions of Korean won) |  | 2021 |  |  | 2022 |  |  | 2023 |
Carrying amount of non-controlling interests acquired |  | ￦ | 14,702 |  |  | ￦ | 19,272 |  |  | ￦ | 3,022 |
Consideration paid to non-controlling interests |  |  | 1,095 |  |  |  | 69,652 |  |  |  | 213,819 |
Effect of changes in equity (net amount) |  | ￦ | 15,797 |  |  | ￦ | 88,924 |  |  | ￦ | 216,841 |

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- Definition The disclosure of non-controlling interests. [Refer: Non-controlling interests] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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