| Investment properties |
18. Investment properties
| A. |
Reconciliation of carrying amount |
Details of Investment properties as of December 31, 2025 and 2024 are as follows:
| Schedule of Investment
properties investment properties |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Book value |
|
₩ |
|
|
3,961,680 |
|
|
|
667,739 |
|
| Accumulated depreciation |
|
|
|
|
(1,938,363 |
) |
|
|
(266,740 |
) |
| Carrying amount |
|
₩ |
|
|
2,023,317 |
|
|
|
400,999 |
|
Changes in Investment properties for the years ended December 31, 2025, 2024 and 2023 are as follows:
| Schedule of changes in Investment properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Year ended
December 31,
2025 |
|
|
Year ended
December 31,
2024 |
|
|
Year ended
December 31,
2023 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Balance as of January 1 |
|
₩ |
|
|
400,999 |
|
|
|
3,260,795 |
|
|
|
- |
|
| Transfer |
|
|
|
|
1,903,601 |
|
|
|
(2,385,812 |
) |
|
|
3,483,371 |
|
| Lease modification |
|
|
|
|
16,640 |
|
|
|
(35,216 |
) |
|
|
- |
|
| Depreciation |
|
|
|
|
(297,923 |
) |
|
|
(438,768 |
) |
|
|
(222,576 |
) |
| Balance as of December 31 |
|
₩ |
|
|
2,023,317 |
|
|
|
400,999 |
|
|
|
3,260,795 |
|
| B. |
Amounts recognized in profit or loss |
Rental income recognized by the Company for the year ended December 31, 2025 was Korean Won 472,235 thousand (2024: Korean Won 808,123 thousand, 2023: Korean Won 283,983 thousand). Depreciation expense, included in ’cost of revenues’, was as follows:
| Schedule of rental income recognized |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Year ended
December 31,
2025 |
|
|
Year ended
December 31,
2024 |
|
|
Year ended
December 31,
2023 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Depreciation |
|
₩ |
|
|
297,923 |
|
|
|
438,768 |
|
|
|
222,576 |
|
|