| 6. | Trade and Other Receivables |
Trade and other receivables as of December 31, 2016 and 2017, are as follows:
| 2016 | ||||||||||||||||
|
(In millions of Korean won) |
Total amounts |
Allowance doubtful |
Present value |
Carrying amount |
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Current assets |
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Trade receivables |
￦ | 3,161,234 | ￦ | (470,239 | ) | ￦ | (5,343 | ) | ￦ | 2,685,652 | ||||||
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Other receivables |
2,763,942 | (121,972 | ) | (270 | ) | 2,641,700 | ||||||||||
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| ￦ | 5,925,176 | ￦ | (592,211 | ) | ￦ | (5,613 | ) | ￦ | 5,327,352 | |||||||
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Non-current assets |
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Trade receivables |
￦ | 263,367 | ￦ | (632 | ) | ￦ | (12,835 | ) | ￦ | 249,900 | ||||||
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Other receivables |
507,251 | (19,644 | ) | (28,496 | ) | 459,111 | ||||||||||
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| 770,618 | (20,276 | ) | (41,331 | ) | 709,011 | |||||||||||
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| 2017 | ||||||||||||||||
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(In millions of Korean won) |
Total amounts |
Allowance doubtful |
Present value |
Carrying amount |
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Current assets |
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Trade receivables |
￦ | 3,286,169 | ￦ | (438,817 | ) | ￦ | (7,508 | ) | ￦ | 2,839,844 | ||||||
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Other receivables |
3,041,028 | (66,402 | ) | (187 | ) | 2,974,439 | ||||||||||
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| ￦ | 6,327,197 | ￦ | (505,219 | ) | ￦ | (7,695 | ) | ￦ | 5,814,283 | |||||||
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Non-current assets |
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Trade receivables |
￦ | 366,107 | ￦ | (610 | ) | ￦ | (12,803 | ) | ￦ | 352,694 | ||||||
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Other receivables |
522,459 | (17,970 | ) | (28,351 | ) | 476,138 | ||||||||||
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| ￦ | 888,566 | ￦ | (18,580 | ) | ￦ | (41,154 | ) | ￦ | 828,832 | |||||||
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Details of changes in allowance for doubtful accounts the years ended December 31, 2016 and 2017, are as follows:
| 2015 | 2016 | 2017 | ||||||||||||||||||||||
|
(In millions of Korean won) |
Trade receivables |
Other receivables |
Trade receivables |
Other receivables |
Trade receivables |
Other receivables |
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Beginning balance |
￦ | 527,617 | ￦ | 311,082 | ￦ | 468,741 | ￦ | 250,842 | ￦ | 470,871 | ￦ | 141,616 | ||||||||||||
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Provision |
95,489 | 46,066 | 84,975 | 7,736 | 38,888 | 5,809 | ||||||||||||||||||
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Reversal or written-off |
(135,318 | ) | (33,282 | ) | (80,518 | ) | (108,638 | ) | (70,121 | ) | (61,220 | ) | ||||||||||||
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Changes in the scope of consolidation |
(16,752 | ) | (69,732 | ) | 215 | 56 | (107 | ) | (35 | ) | ||||||||||||||
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Others |
(2,232 | ) | (3,272 | ) | (2,542 | ) | (8,380 | ) | (104 | ) | (1,798 | ) | ||||||||||||
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Ending balance |
￦ | 468,741 | ￦ | 250,842 | ￦ | 470,871 | ￦ | 141,616 | ￦ | 439,427 | ￦ | 84,372 | ||||||||||||
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Provisions for impairment on trade and other receivables are recognized as operating expenses, other expenses and finance costs.
Details of aging analysis of trade receivables as of December 31, 2016 and 2017, are as follows:
| (in millions of Korean won) | 2016 | 2017 | ||||||
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Neither past due nor impaired |
￦ | 2,377,637 | ￦ | 2,661,406 | ||||
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Past due and impaired |
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Up to 6 months |
685,288 | 701,032 | ||||||
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6 months to 12 months |
87,547 | 70,190 | ||||||
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Over 12 months |
255,951 | 199,337 | ||||||
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| 1,028,786 | 970,559 | |||||||
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Less: Allowance for doubtful accounts |
(470,871 | ) | (439,427 | ) | ||||
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| ￦ | 2,935,552 | ￦ | 3,192,538 | |||||
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Details of other receivables as of December 31, 2016 and 2017, are as follows:
| (In millions of Korean won) | 2016 | 2017 | ||||||
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Loans |
￦ | 80,308 | ￦ | 84,682 | ||||
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Receivables1 |
2,709,177 | 2,970,346 | ||||||
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Accrued income |
9,903 | 12,186 | ||||||
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Refundable deposits |
390,035 | 391,458 | ||||||
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Loans receivable |
10,355 | 34,273 | ||||||
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Finance lease receivables |
16,280 | 20,526 | ||||||
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Others |
26,369 | 21,478 | ||||||
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Less: Allowance for doubtful accounts |
(141,616 | ) | (84,372 | ) | ||||
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| ￦ | 3,100,811 | ￦ | 3,450,577 | |||||
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| 1 | The settlement receivables of BC Card Co., Ltd. of ￦2,262,829 million (2016: ￦1,962,880 million) are included. |
Details of aging analysis of other receivables as of December 31, 2016 and 2017, are as follows:
| (In millions of Korean won) | 2016 | 2017 | ||||||
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Neither past due nor impaired |
￦ | 2,971,239 | ￦ | 3,271,949 | ||||
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Past due and impaired |
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Up to 6 months |
134,231 | 169,894 | ||||||
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6 months to 12 months |
12,805 | 16,052 | ||||||
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Over 12 months |
124,152 | 77,054 | ||||||
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| 271,188 | 263,000 | |||||||
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Less: Allowance for doubtful accounts |
(141,616 | ) | (84,372 | ) | ||||
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Total |
￦ | 3,100,811 | ￦ | 3,450,577 | ||||
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The maximum exposure of trade and other receivables to credit risk is the carrying amount of each class of receivables mentioned above as of December 31, 2017.