XML 63 R49.htm IDEA: XBRL DOCUMENT

Financial Risk Management (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Financial Instruments [Abstract]

Schedule of Company's Debt to Equity Ratio

The debt ratios as of December 31, 2020 and 2019 are as follows:

	2020				2019
		(In millions of Korean won)
Total liabilities	W		88,024		W	59,659
Total equity			177,348			115,766
Debt-to-equity ratio			50	%		52	%

Schedule of Financial Assets and Liabilities Exposed in Foreign Currency Risk

The Group is exposed to foreign exchange risk arising from royalty revenues and commission payment primarily with respect to the US dollar and etc. The Group’s financial assets and liabilities are exposed to foreign currency risk as of December 31, 2020 and 2019 are as follows:

	December 31, 2020
	Financial assets		Financial liabilities		Financial assets			Financial liabilities
	(In each foreign currency)					(In millions of Korean won)
USD		29,204,905		15,715,800	W		31,775	W	17,099
JPY		388,760,925		198,432,867			4,099		2,092
EUR		344,842		8,399			461		11
IDR		12,955,000		15,289,944			1		1
THB		28,510		7,379			1		—
TWD		105,408,193		3,264,754			4,076		126
VND		9,270,000		3,243,600			—		—
Total					W		40,413	W	19,329

	December 31, 2019
	Financial assets		Financial liabilities		Financial assets			Financial liabilities
	(In each foreign currency)					(In millions of Korean won)
USD		8,100,729		5,775,721	W		9,403	W		6,696
JPY		456,300,430		340,468,613			4,854			3,621
EUR		338,598		1,000		439			1
IDR		12,955,000		17,023,944		1			1
THB		28,510		7,379		1				—
TWD		29,236,669		5,567,672			1,125		214
VND		9,270,000		3,243,600			—			—
GBP		—		5,625			—		9
HKD		368,048		—		55				—
Total					W		15,878	W		10,542

Summary of Impact of Fluctuation in Foreign Currency Exchange Rates on Group's Monetary Assets and Liabilities

The impact of a 10% fluctuation in foreign currency exchange rates on the Group’s monetary assets and liabilities as of December 31, 2020 and 2019 are as follows:

	December 31, 2020						December 31, 2019
	10% Increase			10% Decrease			10% Increase		10% Decrease
		(In millions of Korean won)
USD	W		1,468	W	(1,468	)	W	271	W	(271	)
JPY			201		(201	)		123		(123	)
Others			440		(440	)		140		(140	)
Total	W		2,109	W	(2,109	)	W	534	W	(534	)

Summary of Maximum Exposure to Credit Risk

The carrying amount of a financial asset represents the maximum exposure to credit risk. The maximum exposure to credit risk of the Group as of December 31, 2020 and 2019 are as follows.

	December 31, 2020			December 31, 2019
		(In millions of Korean won)
Cash and cash equivalents	W		110,632	W	79,428
Short-term financial instruments			71,000		39,500
Accounts receivable			59,761		32,253
Other receivable			8		56
Other current financial assets			818		233
Other non-current financial assets			1,324		1,770
Total	W		243,543	W	153,240

Summary of Financial Liabilities by Maturity

The following table summarizes the financial liabilities of the Group by maturity according to the remaining period from the end of the reporting period to the contractual maturity date.

	December 31, 2020
	Carrying value			Less than 3 months		3 months ~ 1 year		1~2 years		2~3 years		3~5 years		Total
		(In millions of Korean won)
Accounts payable	W		54,090	W	43,438	W	9,250	W	1,402	W	—	W	—	W	54,090
Accrued expenses			62		62		—		—		—		—		62
Other liabilities (*)			5,900		812		2,107		2,146		597		733		6,395
Total	W		60,052	W	44,312	W	11,357	W	3,548	W	597	W	733	W	60,547

(*) Other liabilities as at December 31, 2020 consist of lease liabilities.

	December 31, 2019
	Carrying value			Less than 3 months		3 months ~ 1 year		1~2 years		2~3 years		3~5 years		Total
		(In millions of Korean won)
Accounts payable	W		37,689	W	21,374	W	16,122	W	193	W	—	W	—	W	37,689
Accrued expenses			1,175		1,175		—		—		—		—		1,175
Other liabilities (*)			4,994		598		1,653		1,780		1,029		428		5,488
Total	W		43,858	W	23,147	W	17,775	W	1,973	W	1,029	W	428	W	44,352

(*) Other liabilities as at December 31, 2019 consist of lease liabilities.