The fair values of financial assets and liabilities, together with the carrying amounts shown in the consolidated statement of financial position, are as follows:
| (In millions of won) | December 31, 2016 | December 31, 2017 | ||||||||||||||
| Carrying amounts |
Fair values |
Carrying amounts |
Fair values |
|||||||||||||
|
Assets carried at fair value |
||||||||||||||||
|
Available-for-sale financial assets |
154 | 154 | 162 | 162 | ||||||||||||
|
Financial asset at fair value through profit or loss |
1,382 | 1,382 | 1,552 | 1,552 | ||||||||||||
|
Derivatives |
244 | 244 | 842 | 842 | ||||||||||||
|
Assets carried at amortized cost |
||||||||||||||||
|
Cash and cash equivalents |
1,558,696 | (*) | 2,602,560 | (*) | ||||||||||||
|
Deposits in banks |
1,163,763 | (*) | 758,089 | (*) | ||||||||||||
|
Trade accounts and notes receivable |
4,957,993 | (*) | 4,325,120 | (*) | ||||||||||||
|
Non-trade receivable |
134,161 | (*) | 150,554 | (*) | ||||||||||||
|
Accrued income |
9,431 | (*) | 14,273 | (*) | ||||||||||||
|
Deposits |
47,954 | (*) | 30,378 | (*) | ||||||||||||
|
Short-term loans |
7,696 | (*) | 16,766 | (*) | ||||||||||||
|
Long-term loans |
34,760 | (*) | 32,408 | (*) | ||||||||||||
|
Long-term non-trade receivable |
2,619 | (*) | 8,738 | (*) | ||||||||||||
|
Liabilities carried at fair value |
||||||||||||||||
|
Derivatives |
472 | 472 | — | — | ||||||||||||
|
Liabilities carried at amortized cost |
||||||||||||||||
|
Secured bank borrowings |
700,820 | 700,820 | 642,172 | 642,172 | ||||||||||||
|
Unsecured bank borrowings |
2,197,132 | 2,200,522 | 2,950,184 | 2,955,399 | ||||||||||||
|
Unsecured bond issues |
1,880,818 | 1,903,863 | 2,010,762 | 2,016,086 | ||||||||||||
|
Trade accounts and notes payable |
2,877,326 | (*) | 2,875,090 | (*) | ||||||||||||
|
Other accounts payable |
2,449,517 | 2,449,938 | 3,169,937 | 3,170,147 | ||||||||||||
|
Long-term other accounts payable |
3,530 | 3,891 | 2 | (*) | ||||||||||||
(*) Excluded from disclosures as the carrying amount approximates fair value.