38. Supplemental Cash Flow Information
Cash and cash equivalents as of December 31, 2016 and 2017, are as follows:
| 2016 | 2017 | |||||||
| (In millions of Korean won) | ||||||||
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Cash |
￦ | 2,158,268 | ￦ | 2,167,911 | ||||
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Checks with other banks |
400,422 | 430,253 | ||||||
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Due from Bank of Korea |
7,676,491 | 8,981,665 | ||||||
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Due from other financial institutions |
7,649,682 | 8,237,996 | ||||||
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Sub-total |
17,884,863 | 19,817,825 | ||||||
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Restricted cash from financial institutions |
(9,301,946 | ) | (10,613,089 | ) | ||||
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Due from financial institutions with original maturities over three months |
(1,168,081 | ) | (799,838 | ) | ||||
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Sub-total |
(10,470,027 | ) | (11,412,927 | ) | ||||
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Total |
￦ | 7,414,836 | ￦ | 8,404,898 | ||||
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Significant non-cash transactions for the years ended December 31, 2015, 2016 and 2017, are as follows:
| 2015 | 2016 | 2017 | ||||||||||
| (In millions of Korean won) | ||||||||||||
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Decrease in loans due to the write-offs |
￦ | 1,418,960 | ￦ | 1,399,315 | ￦ | 1,033,056 | ||||||
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Changes in accumulated other comprehensive income due to valuation of financial investments |
(28,969 | ) | (47,871 | ) | 89,117 | |||||||
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Decrease in accumulated other comprehensive income from measurement of investment securities in associates |
222 | (7,093 | ) | 100,735 | ||||||||
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Change in shares of investment in associate due to KB Insurance Co., Ltd.’s inclusion of the consolidation scope |
— | — | (1,417,397 | ) | ||||||||
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Change in shares of investment in associate due to Hyundai Securities Co., Ltd.’s inclusion of the consolidation scope |
— | (1,459,604 | ) | — | ||||||||
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Increase in financial investments due to debt-for-equity swap with Taihan Electric Wire Co., Ltd. |
14,729 | — | — | |||||||||
Cash inflows and outflows from income tax, interests and dividends for the year December 31, 2015, 2016 and 2017, are as follows:
| Activity | 2015 | 2016 | 2017 | |||||||||||||
| (In millions of Korean won) | ||||||||||||||||
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Income tax paid |
Operating | ￦ | 218,215 | ￦ | 231,786 | ￦ | 646,802 | |||||||||
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Interest received |
Operating | 10,976,847 | 10,208,678 | 11,243,363 | ||||||||||||
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Interest paid |
Operating | 4,569,076 | 3,707,653 | 3,444,715 | ||||||||||||
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Dividends received |
Operating | 160,562 | 132,654 | 229,289 | ||||||||||||
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Dividends paid |
Financing | 301,354 | 378,625 | 497,969 | ||||||||||||
Changes in liabilities arising from financing activities
Changes in liabilities and assets that hedge liabilities arising from financing activities for the year ended December 31, 2017 are as follows:
| 2017 | ||||||||||||||||||||||||||||||||
| Non-cash changes | ||||||||||||||||||||||||||||||||
| Beginning | Net cash flows | Acquisition (Disposal) |
Changes in foreign exchange rates |
Changes in fair value |
Business Combination |
Other changes |
Ending | |||||||||||||||||||||||||
| (In millions of Korean won) | ||||||||||||||||||||||||||||||||
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Derivatives held for hedging1 |
￦ | 6,715 | ￦ | 63,827 | ￦ | — | ￦ | — | ￦ | (159,530 | ) | ￦ | (132,843 | ) | ￦ | 19,814 | ￦ | (202,017 | ) | |||||||||||||
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Debts |
26,251,486 | 4,272,011 | — | (996,029 | ) | (34,800 | ) | (584,245 | ) | (87,495 | ) | 28,820,928 | ||||||||||||||||||||
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Debentures |
34,992,057 | 10,465,410 | — | (429,880 | ) | (11,931 | ) | (34,600 | ) | 11,668 | 44,992,724 | |||||||||||||||||||||
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Other payables from trust accounts |
4,430,508 | 587,523 | — | — | — | — | — | 5,018,031 | ||||||||||||||||||||||||
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Others |
147,946 | 150,012 | 678 | 12 | — | 24,061 | 2,728 | 325,437 | ||||||||||||||||||||||||
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| ￦ | 65,828,712 | ￦ | 15,538,783 | ￦ | 678 | ￦ | (1,425,897 | ) | ￦ | (206,261 | ) | ￦ | (727,627 | ) | ￦ | (53,285 | ) | ￦ | 78,955,103 | |||||||||||||
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| 1 | Derivatives held for hedging purposes are the net amount after offsetting liabilities from assets |
The net cash outflow associated with the change of the subsidiaries for the year ended December 31, 2017 was ￦405,817 million. The net cash outflow related to the KB Insurance Co., Ltd business combination was ￦647,953 million.