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10. Investment Property
(a) Details of investment property as of December 31, 2015 and 2014 are summarized as follows:
(In millions of won)
2015 2014
Acquisition
cost
Accumulated
depreciation and
impairment loss
Carrying
amount
Acquisition
cost
Accumulated
depreciation and
impairment loss
Carrying
amount
Land
₩
23,490 - 23,490 22,031 - 22,031
Buildings 38,244 (8,260) 29,984 35,868 (6,650) 29,218
₩
61,734 (8,260) 53,474 57,899 (6,650) 51,249
(b) Changes in investment property for the year ended December 31, 2015 are summarized as follows:
(In millions of won)
Beginning balance Depreciation Other Ending balance
Land
₩
22,031 - 1,459 23,490
Buildings 29,218 (1,128) 1,894 29,984
₩
51,249 (1,128) 3,353 53,474
(c) Changes in investment property for the year ended December 31, 2014 are summarized as follows:
(In millions of won)
Beginning balance Depreciation Other Ending balance
Land
₩
21,151 - 880 22,031
Buildings 29,103 (1,050) 1,165 29,218
₩
50,254 (1,050) 2,045 51,249
(d) The amount recognized in profit or loss from investment property for the years ended December 31, 2015 and 2014 are summarized as follows:
(In millions of won)
2015 2014
Rental income
₩
3,859 3,592
Operating expense 872 700
(e) Land and buildings held for the purpose of earning rentals are classified as investment property. In addition, the fair value of investment
property doesn’t differ from its book value significantly as of December 31, 2015
86 | KIA MOTORS
December 31, 2015 and 2014
KIA MOTORS CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS