Carrying amount of financial instruments recognized of which offset agreements are applicable as of December 31, 2017 and 2016 are as follows:
| (In millions of won) | 2017 | |||||||||||||||||||
|
Gross financial instruments recognized |
Amount offset |
Net financial instruments presented on the statements of financial position |
Relevant amount
not offset on the statements of financial position |
Net amount |
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| Financial instruments | ||||||||||||||||||||
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Financial assets: |
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Derivatives(*) |
￦ | 26,645 | — | 26,645 | (19,875 | ) | 6,770 | |||||||||||||
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Accounts receivable — trade and others |
93,146 | (92,409 | ) | 737 | — | 737 | ||||||||||||||
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| ￦ | 119,791 | (92,409 | ) | 27,382 | (19,875 | ) | 7,507 | |||||||||||||
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Financial liabilities: |
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Derivatives(*) |
￦ | 19,875 | — | 19,875 | (19,875 | ) | — | |||||||||||||
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Accounts payable — other and others |
92,409 | (92,409 | ) | — | — | — | ||||||||||||||
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| ￦ | 112,284 | (92,409 | ) | 19,875 | (19,875 | ) | — | |||||||||||||
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(In millions of won) |
2016 | |||||||||||||||||||
|
Gross financial instruments recognized |
Amount offset |
Net financial instruments presented on the statements of financial position |
Relevant amount
not offset on the statements of financial position |
Net amount |
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| Financial instruments | ||||||||||||||||||||
|
Financial assets: |
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|
Derivatives(*) |
￦ | 87,566 | — | 87,566 | (87,153 | ) | 413 | |||||||||||||
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Accounts receivable — trade and others |
114,135 | (103,852 | ) | 10,283 | — | 10,283 | ||||||||||||||
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| ￦ | 201,701 | (103,852 | ) | 97,849 | (87,153 | ) | 10,696 | |||||||||||||
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Financial liabilities: |
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Derivatives(*) |
￦ | 87,153 | — | 87,153 | (87,153 | ) | — | |||||||||||||
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Accounts payable — other and others |
103,852 | (103,852 | ) | — | — | — | ||||||||||||||
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| ￦ | 191,005 | (103,852 | ) | 87,153 | (87,153 | ) | — | |||||||||||||
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| (*) | The Group entered into derivative contracts which include enforceable master netting arrangement in accordance with International Swap and Derivatives Association (ISDA). Generally, all contracts made with the identical currencies are settled from one party to another by combining one net amount. In this case, all contracts are liquidated and paid off at net amount by evaluating liquidation value if credit events such as bankruptcy occur. |