KT CORP | CIK:0000892450 | 3

  • Filed: 4/30/2018
  • Entity registrant name: KT CORP (CIK: 0000892450)
  • Generator: Donnelley Financial Solutions
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    • ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory

    38. Information About Non-controlling Interests

     

      38.1 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, 2015, 2016 and 2017 are as follows:

     

    (In millions of Korean won)   2015  
     

    Non-

    controlling
    Interests
    rate(%)

    		     Accumulated
    non-controlling
    interests at the
    beginning of
    the year    		     Profit or loss
    allocated to
    non-controlling
    interests    		    

    Dividend paid
    to non-

    controlling
    interests

    		     Others     Accumulated
    non-controlling
    interests at the
    end of the year    		  

    KT Skylife Co., Ltd.

    		     49.73 %    ￦ 297,300     ￦ 27,032     ￦ (8,325 )    ￦ 873     ￦ 316,880  

    BC Card Co., Ltd.

    		     30.46 %      292,931       62,943       (22,650 )      (10,303 )      322,921  

    KT Powertel Co., Ltd.

    		     55.15 %      70,231       (17,880 )      (1,118 )      (307 )      50,926  

    KT Hitel Co.,Ltd.

    		     36.30 %      51,136       (608 )      —         161       50,689  

    KT Telecop Co., Ltd.

    		     13.18 %      104,821       (1,000 )      —         (393 )      103,428  

     

    (In millions of Korean won)   2016  
     

    Non-

    controlling
    Interests
    rate(%)

    		     Accumulated
    non-controlling
    interests at the
    beginning of
    the year    		     Profit or loss
    allocated to
    non-controlling
    interests    		    

    Dividend paid
    to non-

    controlling
    interests

    		     Others     Accumulated
    non-controlling
    interests at the
    end of the year    		  

    KT Skylife Co., Ltd.

    		     49.73 %    ￦ 316,880     ￦ 22,445     ￦ (8,279 )    ￦ (1,370 )    ￦ 329,676  

    BC Card Co., Ltd.

    		     30.46 %      322,921       47,068       (44,637 )      3,986       329,338  

    KT Powertel Co., Ltd.

    		     55.15 %      50,926       112       —         713       51,751  

    KT Hitel Co.,Ltd.

    		     35.27 %      50,689       1,274       —         (165 )      51,798  

    KT Telecop Co., Ltd.

    		     13.18 %      103,428       19       —         85       103,532  

     

    (In millions of Korean won)   2017  
     

    Non-

    controlling
    Interests
    rate(%)

    		     Accumulated
    non-controlling
    interests at the
    beginning of
    the year    		     Profit or loss
    allocated to
    non-controlling
    interests    		    

    Dividend paid
    to non-

    controlling
    interests

    		     Others     Accumulated
    non-controlling
    interests at the
    end of the year    		  

    KT Skylife Co., Ltd.

    		     49.73 %    ￦ 329,676     ￦ 9,395     ￦ (9,817 )    ￦ (952 )    ￦ 328,302  

    BC Card Co., Ltd.

    		     30.46 %      329,338       43,961       (29,490 )      (4,742 )      339,067  

    KT Powertel Co., Ltd.

    		     55.15 %      51,751       1,165       —         137       53,053  

    KT Hitel Co.,Ltd.

    		     32.87 %      51,798       870       —         478       53,146  

    KT Telecop Co., Ltd.

    		     13.18 %      103,532       381       —         (445 )      103,468  

     

      38.2 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:

    Summarized consolidated statements of financial position as of December 31, 2015, 2016 and 2017, are as follows:

     

        2015  
    (In millions of Korean won)   KT Skylife
    Co., Ltd.    		    

    BC Card

    Co., Ltd.

    		     KT Powertel
    Co., Ltd.    		     KT Hitel
    Co., Ltd.    		    

    KT Telecop

    Co., Ltd.

    		  

    Non-controlling Interests rate(%)

    		     49.73 %      30.46 %      55.15 %      36.30 %      13.18 % 

    Current assets

    		   ￦ 279,480     ￦ 2,291,047     ￦ 65,739     ￦ 157,355     ￦ 58,457  

    Non-current assets

    		     431,814       672,905       47,776       78,402       210,734  

    Current liabilities

    		     143,511       1,882,363       16,016       33,656       82,353  

    Non-current liabilities

    		     74,339       63,271       5,166       282       52,613  

    Equity

    		     493,444       1,018,318       92,333       201,819       134,225  

    Accumulated non-controlling interests

    		     316,880       322,921       50,926       50,689       103,428  

    Operating revenue

    		     668,521       3,504,946       104,527       162,155       302,844  

    Profit or loss for the year

    		     72,987       218,969       (32,417 )      7,258       (7,593 ) 

    Total comprehensive income

    		     73,147       188,360       (32,417 )      6,769       (7,593 ) 

    The profit or loss allocated to non-controlling interests

    		     27,032       62,943       (17,880 )      (608 )      (1,000 ) 

    Cash flows from operating activities

    		     157,762       128,927       (12,016 )      22,556       36,216  

    Cash flows from investing activities

    		     (92,350 )      73,118       10,691       (19,949 )      (91,846 ) 

    Cash flows from financing activities before dividend paid to non-controlling interests

    		     (35,984 )      (75,121 )      (2,015 )      —         (32,491 ) 

    Dividend paid to non-controlling interests

    		     (8,325 )      (22,650 )      (1,118 )      —         —    

    Net (decrease)/increase in cash and cash equivalents

    		     29,428       126,924       (3,340 )      2,607       (88,121 ) 

     

        2016  
    (In millions of Korean won)   KT Skylife
    Co., Ltd.    		    

    BC Card

    Co., Ltd.

    		    

    KT Powertel

    Co., Ltd.

    		    

    KT Hitel

    Co., Ltd.

    		    

    KT Telecop

    Co., Ltd.

    		  

    Non-controlling Interests rate(%)

    		     49.73 %      30.46 %      55.15 %      35.27 %      13.18 % 

    Current assets

    		   ￦ 352,980     ￦ 2,945,584     ￦ 69,046     ￦ 158,210     ￦ 63,802  

    Non-current assets

    		     424,968       705,480       44,679       90,992       201,751  

    Current liabilities

    		     151,329       2,530,832       17,910       45,277       53,903  

    Non-current liabilities

    		     80,123       71,571       1,989       1,664       78,441  

    Equity

    		     546,496       1,048,661       93,826       202,261       133,209  

    Accumulated non-controlling interests

    		     329,676       329,338       51,751       51,798       103,532  

    Operating revenue

    		     668,945       3,567,512       81,390       198,994       315,948  

    Profit or loss for the year

    		     68,863       163,131       202       4,298       143  

    Total comprehensive income

    		     68,785       178,744       202       1,399       143  

    The profit or loss allocated to non-controlling interests

    		     22,445       47,068       112       1,274       19  

    Cash flows from operating activities

    		     155,399       92,818       7,271       28,987       60,461  

    Cash flows from investing activities

    		     (210,480 )      (37,313 )      (8,191 )      (33,238 )      (45,243 ) 

    Cash flows from financing activities before dividend paid to non-controlling interests

    		     (16,647 )      (147,306 )      —         —         —    

    Dividend paid to non-controlling interests

    		     (8,279 )      (44,637 )      —         —         —    

    Gain or loss foreign currency translation

    		     —         (178 )      —         3       —    

    Net (decrease)/increase in cash and cash equivalents

    		     (71,728 )      (91,801 )      (920 )      (4,251 )      15,218  

     

        2017  
    (In millions of Korean won)   KT Skylife
    Co., Ltd.    		    

    BC Card

    Co., Ltd.

    		    

    KT Powertel

    Co., Ltd.

    		    

    KT Hitel

    Co., Ltd.

    		    

    KT Telecop

    Co., Ltd.

    		  

    Non-controlling Interests rate(%)

    		     49.73 %      30.46 %      55.15 %      32.87 %      13.18 % 

    Current assets

    		   ￦ 324,632     ￦ 3,225,262     ￦ 73,527     ￦ 150,368     ￦ 73,023  

    Non-current assets

    		     468,261       823,001       41,598       107,872       191,330  

    Current liabilities

    		     185,995       2,868,669       18,450       49,922       90,569  

    Non-current liabilities

    		     24,555       86,369       487       3,021       41,064  

    Equity

    		     582,343       1,093,225       96,188       205,297       132,720  

    Accumulated non-controlling interests

    		     328,302       339,067       53,053       53,146       103,468  

    Operating revenue

    		     687,752       3,628,995       69,234       227,884       317,591  

    Profit or loss for the year

    		     57,314       156,109       2,112       3,225       2,885  

    Total comprehensive income

    		     55,586       141,719       2,362       3,036       (490 ) 

    The profit or loss allocated to non-controlling interests

    		     9,395       43,961       1,165       870       381  

    Cash flows from operating activities

    		     99,269       108,203       13,895       28,320       57,262  

    Cash flows from investing activities

    		     (81,758 )      (568,518 )      (17,354 )      (36,086 )      (43,483 ) 

    Cash flows from financing activities before dividend paid to non-controlling interests

    		     (19,739 )      (97,221 )      —         —         —    

    Dividend paid to non-controlling interests

    		     (9,817 )      (29,490 )      —         —         —    

    Gain or loss foreign currency translation

    		     —         (184 )      —         (47 )      —    

    Net (decrease)/increase in cash and cash equivalents

    		     (2,228 )      (557,536 )      (3,459 )      (7,766 )      13,779  

     

      38.3 Transactions with Non-controlling Interests

    The effect of changes in the ownership interest on the equity attributable to owners of the Group during 2015, 2016 and 2017 is summarized as follows:

     

    (in millions of Korean won)    2015      2016      2017  

    Carrying amount of non-controlling interests acquired

    		    ￦ —        ￦ 4,022      ￦ (732 ) 

    Consideration paid to non-controlling interests

    		      2,699        7,347        6,173  
      

     

     

    		     

     

     

    		     

     

     

    		  

    Excess of consideration paid recognized in parent’s equity

    		    ￦ 2,699      ￦ 11,369      ￦ 5,441