KT CORP | CIK:0000892450 | 3

  • Filed: 4/30/2018
  • Entity registrant name: KT CORP (CIK: 0000892450)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/892450/000119312518141554/0001193125-18-141554-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/892450/000119312518141554/kt-20171231.xml
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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    10. Property, Plant and Equipment

    Changes in property, plant and equipment for the years ended December 31, 2016 and 2017, are as follows:

     

        2016  
    (in millions of Korean won)   Land     Buildings
    and
    structures    		     Machinery
    and
    equipment    		     Others     Construction-
    in-progress    		     Total  

    Acquisition cost

    		   ￦ 1,287,749     ￦ 3,558,460     ￦ 34,388,584     ￦ 1,951,749     ￦ 1,033,777     ￦ 42,220,319  

    Less: Accumulated depreciation (including accumulated impairment loss and others)

    		     (132 )      (1,459,416 )      (24,879,791 )      (1,400,766 )      (1,300 )      (27,741,405 ) 
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Beginning, net

    		     1,287,617       2,099,044       9,508,793       550,983       1,032,477       14,478,914  

    Acquisition

    		     291       3,608       247,431       146,471       2,297,346       2,695,147  

    Disposal/Abandonment

    		     (855 )      (1,650 )      (112,135 )      (8,155 )      (3,357 )      (126,152 ) 

    Depreciation

    		     —         (135,389 )      (2,498,837 )      (143,978 )      —         (2,778,204 ) 

    Impairment

    		     —         —         361       (47,086 )      —         (46,725 ) 

    Transfer in (out)

    		     4,274       136,041       2,060,936       11,073       (2,212,324 )      —    

    Inclusion in scope of consolidation

    		     —         —         68       764       —         832  

    Others

    		     17,625       23,078       53,568       14,851       (20,823 )      88,299  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Ending, net

    		   ￦ 1,308,952     ￦ 2,124,732     ￦ 9,260,185     ￦ 524,923     ￦ 1,093,319     ￦ 14,312,111  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Acquisition cost

    		   ￦ 1,309,084     ￦ 3,729,228     ￦ 35,106,184     ￦ 1,895,332     ￦ 1,093,941     ￦ 43,133,769  

    Less: Accumulated depreciation

    (including accumulated impairment loss and others)

    		     (132 )      (1,604,496 )      (25,845,999 )      (1,370,409 )      (622 )      (28,821,658 ) 

     

        2017  
    (In millions of Korean won)   Land     Buildings
    and
    structures    		     Machinery
    and
    equipment    		     Others     Construction-
    in-progress    		     Total  

    Acquisition cost

    		   ￦ 1,309,084     ￦ 3,729,228     ￦ 35,106,184     ￦ 1,895,332     ￦ 1,093,941     ￦ 43,133,769  

    Less: Accumulated depreciation

    (including accumulated impairment loss and others)

    		     (132 )      (1,604,496 )      (25,845,999 )      (1,370,409 )      (622 )      (28,821,658 ) 
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Beginning, net

    		     1,308,952       2,124,732       9,260,185       524,923       1,093,319       14,312,111  

    Acquisition

    		     1,948       120       237,218       129,464       2,262,681       2,631,431  

    Disposal and termination

    		     (4,656 )      (4,022 )      (176,085 )      (8,242 )      (3,133 )      (196,138 ) 

    Depreciation

    		     —         (135,242 )      (2,469,459 )      (150,535 )      —         (2,755,236 ) 

    Impairment (Recovery of impairment)

    		     —         —         (9,256 )      (1 )      (28 )      (9,285 ) 

    Transfer in (out)

    		     26,764       25,305       2,227,808       10,344       (2,600,908 )      (310,687 ) 

    Exclusion from scope of consolidation

    		     —         (19 )      (772 )      (120 )      (34 )      (945 ) 

    Transfer from(to) investment properties

    		     (64,449 )      1,793       —         1,184       —         (61,472 ) 

    Others

    		     98       (245 )      (8,830 )      (179 )      (38,304 )      (47,460 ) 

    Ending, net

    		   ￦ 1,268,657     ￦ 2,012,422     ￦ 9,060,809     ￦ 506,838     ￦ 713,593     ￦ 13,562,319  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Acquisition cost

    		   ￦ 1,268,789     ￦ 3,750,861     ￦ 35,971,877     ￦ 1,920,571     ￦ 714,706     ￦ 43,626,804  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Less: Accumulated depreciation

    (including accumulated impairment loss and others)

    		     (132 )      (1,738,439 )      (26,911,068 )      (1,413,733 )      (1,113 )      (30,064,485 ) 

     

    Details of property, plant and equipment provided as collateral as of December 31, 2016 and 2017, are as follows:

     

    (In millions of Korean won)    2016
         Carrying
    amount    		      Secured
    amount    		     

    Related

    line item

    		      Related
    amount    		      Secured party

    Land and Buildings

    		    ￦ 13,337      ￦ 16,009        Borrowings      ￦ 11,540      Standard
    Chartered
    Bank

    Korea
    Development
    Bank

    Others

    		      55,951        43,506        25,379         Shinhan Bank

     

    (In millions of Korean won)    2017
         Carrying
    amount    		      Secured
    amount    		     

    Related

    line item

    		      Related
    amount    		      Secured party

    Land and Buildings

    		      13,115        15,995        Borrowings        2,730      Standard
    Chartered
    Bank

    Korea
    Development
    Bank

    Others

    		      53,757        38,570           16,071      Shinhan Bank

    The borrowing costs capitalized for qualifying assets amount to ￦8,473 million (2016: ￦16,451 million) in 2017. The interest rate applied to calculate the capitalized borrowing costs in 2017 is 3.37% to 3.54% (2016: 2.29% to 3.50%).