SHINHAN FINANCIAL GROUP CO LTD | CIK:0001263043 | 3

  • Filed: 4/30/2018
  • Entity registrant name: SHINHAN FINANCIAL GROUP CO LTD (CIK: 0001263043)
  • Generator: Fujitsu
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1263043/000119312518141173/0001193125-18-141173-index.htm
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    • ifrs-full:DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory

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

     

         2016  
         Goodwill     Software     Development
    cost    		     Other     Total  

    Beginning balance

    		    W 3,871,482       93,914       66,843       234,100       4,266,339  

    Acquisitions

    		      —         37,682       21,001       29,882       88,565  

    Business combination

    		      4,427       —         —         —         4,427  

    Disposals

    		      —         (37 )      —         (10,725 )      (10,762 ) 

    Impairment (*1)

    		      (2,849 )      —         —         (261 )      (3,110 ) 

    Amortization (*2)

    		      —         (37,636 )      (31,281 )      (50,422 )      (119,339 ) 

    Effects of foreign currency movements

    		      —         338       —         133       471  

    Other

    		      —         —         —         (79 )      (79 ) 
      

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Ending balance

    		    W 3,873,060       94,261       56,563       202,628       4,226,512  
      

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

         2017  
         Goodwill      Software     Development
    cost    		     Other     Total  

    Beginning balance

    		    W 3,873,060        94,261       56,563       202,628       4,226,512  

    Acquisitions

    		      —          27,354       40,378       56,982       124,714  

    Business combination

    		      42,103        —         —         —         42,103  

    Disposals

    		      —          (21 )      —         (12,901 )      (12,922 ) 

    Impairment (*1)

    		      —          —         (206 )      26       (180 ) 

    Amortization (*2)

    		      —          (38,095 )      (21,413 )      (48,941 )      (108,449 ) 

    Effects of foreign currency movements

    		      —          330       —         (139 )      191  
      

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Ending balance

    		    W 3,915,163        83,829       75,322       197,655       4,271,969  
      

     

     

    		     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

    (*1) The Group recognized impairment losses from golf and condo memberships with indefinite useful lives for the difference between recoverable amounts and carrying amounts.
    (*2) The Group recognized amortization of intangible asset in general and administrative expenses and net other operating expense.