LINE Corp | CIK:0001611820 | 3

  • Filed: 3/30/2018
  • Entity registrant name: LINE Corp (CIK: 0001611820)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1611820/000119312518102738/0001193125-18-102738-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1611820/000119312518102738/ln-20171231.xml
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    • ifrs-full:DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory

    (In millions of yen)  
         December 31, 2016      December 31, 2017  

    Items

    		    Book value      Fair value      Book value      Fair value  

    Financial assets

    		            

    Trade and other receivables

    		            

    Loans and receivables

    		      28,167           42,892     
      

     

     

    		        

     

     

    		     

    Other financial assets, current

    		            

    Loans and receivables

    		            

    Time deposits

    		      764           12,002     

    Short-term loans

    		      2           206     

    Corporate bonds and other debt instruments

    		      4,012           849     

    Available-for-sale financial assets

    		      1,000        1,000        6        6  

    Office security deposits

    		      1,170           195     

    Other

    		      4           —       
      

     

     

    		        

     

     

    		     

    Total

    		      6,952           13,258     
      

     

     

    		        

     

     

    		     

    Other financial assets, non-current

    		            

    Held-to-maturity investments(1)

    		      280        294        280        291  

    Loans and receivables

    		            

    Time deposits

    		      10,000        10,000        —          —    

    Corporate bonds and other debt instruments

    		      2,632        2,632        7,986        8,036  

    Guarantee deposits(1)

    		      3,447           726     

    Office security deposits

    		      4,858        4,739        5,709        5,546  

    Financial assets at fair value through profit or loss

    		            

    Conversion right and redemption right of
    preferred stock

    		      325        325        1,862        1,862  

    Available-for-sale financial assets(2)

    		      14,141        14,141        15,388        15,388  

    Other

    		      32           133     
      

     

     

    		        

     

     

    		     

    Total

    		      35,715           32,084     
      

     

     

    		        

     

     

    		     

     

                       (In millions of yen)  
         December 31, 2016      December 31, 2017  

    Items

    		    Book value      Fair value      Book value      Fair value  

    Financial liabilities

    		            

    Trade and other payables

    		            

    Financial liabilities measured at amortized cost

    		      21,532           28,810     
      

     

     

    		        

     

     

    		     

    Other financial liabilities, current

    		            

    Financial liabilities measured at amortized cost

    		            

    Deposits received

    		      2,572           5,730     

    Short-term borrowings(3)

    		      21,925           22,224     

    Others

    		      —             49     
      

     

     

    		        

     

     

    		     

    Total

    		      24,497           28,003     
      

     

     

    		        

     

     

    		     

    Other financial liabilities non-current

    		            

    Financial liabilities at fair value through profit or loss

    		            

    Put option liabilities

    		      —          —          486        486  

    Financial liabilities measured at amortized cost

    		            

    Office security deposits received under sublease agreement

    		      —          —          23        23  

    Others

    		      —             93     
      

     

     

    		        

     

     

    		     

    Total

    		      —             602     
      

     

     

    		        

     

     

    		     

     

    (1)

    The Japanese Payment Services Act requires non-banking entities that engage in business activities involving advance payments from end users to secure a certain amount of money equal to or more than one half of the unused balance of virtual credits purchased by the end users as of the most recent base date set on March 31 and September 30 of each year, either by depositing or entrusting a cash reserve or government bonds with the Legal Affairs Bureau, or by concluding a guarantee contract with a financial institution. If deposits are made, they are recorded as guarantee deposits. If guarantee contracts are entered into, guarantee fees equal to the contractual amount times a guarantee fee rate are incurred. In accordance with the Japanese Payment Services Act, the Group had deposited cash of 3,445 million yen and 635 million yen as of December 31, 2016 and 2017, respectively. The Group also had deposited investments in Japanese government bonds of 280 million yen and 280 million yen as of December 31, 2016 and 2017, respectively, which the Group intends to hold until maturity for this purpose. In addition, the Group had credit guarantee contracts with banks for 10,100 million yen with a guarantee fee rate of 0.1% and for 12,500 million yen with a weighted average guarantee fee rate of 0.1% as of December 31, 2016 and 2017, respectively, to comply with the Japanese Payment Services Act.
    (2)

    Impairment losses of 293 million yen and 1,761 million yen were recognized for available-for-sale financial assets for the year ended December 31, 2016 and 2017, respectively. Also, gain on sale of 751 million yen was recognized for available-for-sale financial assets for the year ended December 31, 2017.
    (3) 

    The weighted average interest rate of the remaining outstanding short-term borrowings as of December 31, 2016 and 2017 was 0.1% and 0.1%, respectively.