GRAVITY Co., Ltd. (ifrs-full:DisclosureOfDeferredTaxesExplanatory)

Changes in deferred income tax assets (liabilities) recognized in the statements of financial position for the years ended December 31, 2017 and 2016 are as follows:

	December 31, 2017										December 31, 2016
	Beginning balance				Increase (decrease)			Ending balance			Beginning balance				Increase (decrease)			Ending balance
		(In millions of Korean won)										(In millions of Korean won)
Deferred income tax on temporary differences
Deferred tax assets
Intangible assets	W		198		W	(109	)	W	89		W		1,198		W	(1,000	)	W	198
Other non-current assets			110			(61	)		49				74			36			110
Accounts payables			590			850			1,440				176			414			590
Accrued expenses			51			37			88				45			6			51
Deferred revenue			(20	)		832			812				487			(507	)		(20	)
Allowance for doubtful account			271			(54	)		217				291			(20	)		271
Other non-current liabilities			32			8			40				24			8			32
Investments in subsidiaries			2,747			—			2,747				2,747			—			2,747
Others			68			(40	)		28				83			(15	)		68
Deferred tax liabilities
Foreign taxes paid			(13	)		—			(13	)			(13	)		—			(13	)
Property and equipment			38			(70	)		(32	)			31			7			38
Sub Total			4,072			1,393			5,465				5,143			(1,071	)		4,072
Deferred tax asset for tax losses carryforwards			20,662			(6,660	)		14,002				11,082			9,580			20,662
Deferred tax asset for tax credits			6,697			1,393			8,090				10,344			(3,647	)		6,697
Unrecognized deferred tax assets			(31,431	)		6,910			(24,521	)			(26,569	)		(4,862	)		(31,431	)
Deferred tax assets	W		—		W	3,036		W	3,036		W		—		W	—		W	—

GRAVITY Co., Ltd. | CIK:0001313310 |

ifrs-full:DisclosureOfDeferredTaxesExplanatory