KT Corporation
Separate Financial Statements
December 31, 2023 and 2022
ATTACHMENT : INDEPENDENT AUDITOR'S REPORT
KT Corporation
KT Corporation
Index
December 31, 2023 and 2022
Page(s) | |
Independent Auditor's Report……………………………………………………... | 1 - 4 |
Separate Financial Statements | |
Separate Statements of Financial Position………………………………………… | 5 - 6 |
Separate Statements of Profit or Loss……………………………………………… | 7 |
Separate Statements of Comprehensive Income ………………………………… | 8 |
Separate Statements of Changes in Equity …………………………….……… | 9 |
Separate Statements of Cash Flows ……………………………...……………. | 10 |
Notes to the Separate Financial Statements ……………………………………… | 11 - 104 |
Independent Auditor's Report on Internal Control over Financial |
Reporting…………………………………………………………………………….
105 - 106
Report on the Effectiveness of Internal Control over Financial
Reporting…………………………………………………………………………….
107
Deloitte Anjin LLC
9F., One IFC,
10, Gukjegeumyung-ro,
Youngdeungpo-gu, Seoul
07326, Korea
Tel: +82 (2) 6676 1000
Fax: +82 (2) 6674 2114 www.deloitteanjin.co.kr
-2-
-3-
-4-
KT Corporation
Separate Statements of Financial Position
December 31, 2023 and 2022
(in millions of Korean won) | ||||||
Notes | December 31, 2023 | December 31, 2022 | ||||
Assets | ||||||
Current assets | ||||||
Cash and cash equivalents | 4,5,36 | 1,242,005 | 966,307 | |||
Trade and other receivables, net | 4,6,36 | 3,190,269 | 3,055,649 | |||
Other financial assets | 4,7,36 | 279,451 | 232,837 | |||
Inventories, net | 8 | 368,117 | 349,870 | |||
Other current assets | 9 | 2,008,723 | 1,998,825 | |||
Total current assets | 7,088,565 | 6,603,488 |
Non-current assets
Trade and other receivables, net
Other financial assets
Property and equipment, net
Right-of-use assets
Investment properties, net
Intangible assets, net
Investments in subsidiaries, associates and joint ventures
Net defined benefit assets Other non-current assets
Total non-current assets
Total assets
4,6,36 | 370,717 | 526,988 | |||
4,7,36 | 2,134,324 | 1,993,893 | |||
10 | 11,492,776 | 11,540,162 | |||
20 | 976,625 | 983,049 | |||
11,36 | 1,191,592 | 1,137,489 | |||
12 | 1,487,848 | 1,855,679 | |||
13 | 4,796,606 | 4,879,219 | |||
17 | 60,590 | 180,689 | |||
9 | 709,276 | 717,118 | |||
23,220,354 | 23,814,286 | ||||
30,308,919 | 30,417,774 | ||||
-5-
KT Corporation
Separate Statements of Financial Position
December 31, 2023 and 2022
(in millions of Korean won) | ||||||
December 31, 2023 | December 31, 2022 | |||||
Liabilities | ||||||
Current liabilities | ||||||
Trade and other payables | 4,14,36 | 4,232,377 | 4,411,056 | |||
Borrowings | 4,15,36 | 1,725,234 | 984,720 | |||
Other financial liabilities | 4,7,36 | 660 | - | |||
Current income tax liabilities | 148,136 | 127,944 | ||||
Provisions | 16 | 91,861 | 87,720 | |||
Deferred income | 25 | 39,618 | 44,042 | |||
Other current liabilities | 9 | 719,605 | 665,968 | |||
Total current liabilities | 6,957,491 | 6,321,450 | ||||
Non-current liabilities | ||||||
Trade and other payables | 4,14,36 | 739,766 | 979,050 | |||
Borrowings | 4,15,36 | 5,834,699 | 6,510,841 | |||
Other financial liabilities | 4,7,36 | 23,819 | 37,566 | |||
Provisions | 16 | 90,493 | 79,374 | |||
Deferred income | 25 | 145,334 | 158,161 | |||
Deferred income tax liabilities | 29 | 796,087 | 763,113 | |||
Other non-current liabilities | 9 | 677,691 | 710,139 | |||
Total non-current liabilities | 8,307,889 | 9,238,244 | ||||
Total liabilities | 15,265,380 | 15,559,694 | ||||
Equity | ||||||
Share capital | 21 | 1,564,499 | 1,564,499 | |||
Share premium | 1,440,258 | 1,440,258 | ||||
Retained earnings | 22 | 12,544,425 | 12,347,403 | |||
Accumulated other comprehensive income | 23 | 64,229 | (72,672) | |||
Other components of equity | 23 | (569,872) | (421,408) | |||
Total equity | 15,043,539 | 14,858,080 | ||||
Total liabilities and equity | 30,308,919 | 30,417,774 | ||||
- | - |
The above separate statements of financial position should be read in conjunction with the accompanying notes.
-6-
KT Corporation
Separate Statements of Profit or Loss
Years Ended December 31, 2023 and 2022
(in millions of Korean won, except per share amounts)
Notes | 2023 | 2022 | ||||
Operating revenue | 25 | 18,371,437 | 18,289,243 | |||
Operating expenses | 26 | 17,186,045 | 17,121,140 | |||
Operating profit | 1,185,392 | 1,168,103 | ||||
Other income | 27 | 327,527 | 408,025 | |||
Other expenses | 27 | 319,586 | 228,723 | |||
Finance income | 28 | 381,151 | 577,334 | |||
Finance costs | 28 | 419,210 | 653,996 | |||
Profit before income tax | 1,155,274 | 1,270,743 | ||||
Income tax expense | 29 | 221,937 | 506,993 | |||
Profit for the year | 933,337 | 763,750 | ||||
Earnings per share | ||||||
Basic earnings per share | 30 | 3,741 | 3,153 | |||
Diluted earnings per share | 30 | 3,739 | 3,152 |
The above separate statements of profit or loss should be read in conjunction with the accompanying notes.
-7-
KT Corporation
Separate Statements of Comprehensive Income Years Ended December 31, 2023 and 2022
(in millions of Korean won)
Profit for the year
Other comprehensive income (loss)
Items that will not be reclassified to profit or loss:
Remeasurements of net defined benefit liabilities Gain (loss) on valuation of equity instruments
Notes | 2023 | 2022 | |||
933,337 | 763,750 | ||||
17 | (90,272) | 114,154 |
at fair value through other comprehensive income | 158,245 | (149,638) | ||||
Items that may be subsequently reclassified to profit or loss: | ||||||
Loss on valuation of debt instruments at | ||||||
fair value through other comprehensive income | 4 | (26) | (13,902) | |||
Valuation gain on cash flow hedges | 4,7 | 16,030 | 56,259 | |||
Other comprehensive loss from cash flow hedges | ||||||
reclassified to profit or loss | 4 | (37,126) | (91,012) | |||
Total other comprehensive income (loss) | 46,851 | (84,139) | ||||
Total comprehensive income for the year | 980,188 | 679,611 |
The above separate statements of comprehensive income should be read in conjunction with the accompanying notes.
-8-
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
KT Corporation published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2024 00:29:03 UTC.