SHINHAN FINANCIAL GROUP CO LTD | CIK:0001263043 | 3

  • Filed: 4/30/2018
  • Entity registrant name: SHINHAN FINANCIAL GROUP CO LTD (CIK: 0001263043)
  • Generator: Fujitsu
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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    14. Property and equipment, net

     

      (a) Property and equipment as of December 31, 2016 and 2017 are as follows:

     

         2016  
         Acquisition cost      Accumulated
    depreciation    		      Carrying amount  

    Land

    		    W 1,885,233        —          1,885,233  

    Buildings

    		      1,164,668        (223,625 )       941,043  

    Other

    		      1,976,152        (1,656,815 )       319,337  
      

     

     

    		     

     

     

    		     

     

     

    		  
       W 5,026,053        (1,880,440 )       3,145,613  
      

     

     

    		     

     

     

    		     

     

     

    		  

     

         2017  
         Acquisition cost      Accumulated
    depreciation    		      Carrying amount  

    Land

    		    W 1,819,912        —          1,819,912  

    Buildings

    		      1,158,661        (275,240 )       883,421  

    Other

    		      1,958,787        (1,640,348 )       318,439  
      

     

     

    		     

     

     

    		     

     

     

    		  
       W 4,937,360        (1,915,588 )       3,021,772  
      

     

     

    		     

     

     

    		     

     

     

    		  

     

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

     

         2016  
         Land      Buildings      Other      Total  

    Beginning balance

    		    W 1,795,960        926,249        333,206        3,055,415  

    Acquisitions (*1)

    		      84,616        67,423        123,418        275,457  

    Disposals (*1)

    		      (1,107 )       (921 )       (4,070 )       (6,098 ) 

    Depreciation

    		      —          (34,785 )       (142,620 )       (177,405 ) 

    Impairment losses

    		      (946 )       (1,258 )       —          (2,204 ) 

    Amounts transferred from (to) investment property

    		      6,125        (17,023 )       —          (10,898 ) 

    Amounts transferred from intangible assets

    		      3        76        —          79  

    Amounts transferred from assets held for sale

    		      410        1        —          411  

    Effects of foreign currency movements

    		      172        1,281        9,403        10,856  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

    Ending balance

    		    W 1,885,233        941,043        319,337        3,145,613  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

      (*1) W15,405 million of buildings increased by transfers from construction-in-progress.

     

         2017  
         Land      Buildings      Other      Total  

    Beginning balance

    		    W 1,885,233        941,043        319,337        3,145,613  

    Acquisitions (*1)

    		      1,460        24,354        129,435        155,249  

    Disposals (*1)

    		      (5,487 )       (357 )       (3,163 )       (9,007 ) 

    Depreciation

    		      —          (44,285 )       (129,256 )       (173,541 ) 

    Impairment losses

    		      —          —          (16 )       (16 ) 

    Amounts transferred from (to) investment property

    		      (59,263 )       (32,519 )       —          (91,782 ) 

    Amounts transferred from assets held for sale

    		      (1,815 )       (3,521 )       —          (5,336 ) 

    Effects of foreign currency movements

    		      (216 )       (1,294 )       2,102        592  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

    Ending balance

    		    W 1,819,912        883,421        318,439        3,021,772  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

      (*1) W14,285 million of buildings increased by transfers from construction-in-progress.

     

      (c) Insured assets as of December 31, 2017 are as follows:

     

    Type of insurance

    		    Assets insured   Amount covered     

    Insurance company

    Comprehensive insurance for financial institution

    		    Cash and cash
    equivalent
    (Including ATM)    		   W 22,700      Samsung Fire and 7 other entities

    Package insurance

    		    General asset risk     1,473,918      Samsung Fire and 5 other entities

    Fire insurance

    		    Furniture and
    fixtures    		     19,285      Samsung Fire and 3 other entities

    Directors’ and officers’ insurance

    		    Directors’ and
    officers’ liabilities    		     213,470      MERITZ Fire and 8 other entities

    Employee accident insurance

    		    Employees     17,700      MERITZ Fire and 2 other entities

    Pilferage insurance

    		    Cash and securities     77,785      Samsung Fire and 8 other entities

    Others

    		    Securities, Fidelity
    guarantee and
    liability insurance
    and others    		     26,355      DB INSURANCE and 7 other entities
        

     

     

    		     
         W 1,851,213