Information About Non-controlling Interests

12 Months Ended

Dec. 31, 2023

Information About Non-controlling Interests

39.	Information About Non-controlling Interests

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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
(In millions of Korean won)	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
(In millions of Korean won)	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
(In millions of Korean won)	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

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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