Property and Equipment

12 Months Ended

Dec. 31, 2021

Property, plant and equipment [abstract]

8. Property and Equipment

(1)Details of property and equipment as of December 31, 2021 and 2020 are as follows:


	December 31, 2021
	Acquisition price		Accumulated depreciation		Book amount
	(In millions of Korean won)
Computer and other equipment	₩	6,654	₩	(5,199)	₩	1,455
Furniture and fixture	1,793		(1,413)		380
Vehicle	9		(3)		6
Leasehold improvements	1,935		(1,178)		757
Right-of-use assets	15,861		(7,121)		8,740
Total	₩	26,252	₩	(14,914)	₩	11,338


	December 31, 2020
	Acquisition price		Accumulated depreciation		Book amount
	(In millions of Korean won)
Computer and other equipment	₩	6,074	₩	(4,694)	₩	1,380
Furniture and fixture	2,038		(1,728)		310
Construction in progress	128		—		128
Vehicle	9		(1)		8
Leasehold improvements	1,160		(1,028)		132
Right-of-use assets	11,500		(5,763)		5,737
Total	₩	20,909	₩	(13,214)	₩	7,695

(2)Changes in property and equipment for the years ended December 31, 2021, 2020 and 2019 are as follows:


	2021
	Computer and other equipment		Furniture and fixture		Construction in progress		Vehicle		Leasehold improvements		Right-of- use assets		Total
	(In millions of Korean won)
Beginning balance	₩	1,380	₩	310	₩	128	₩	8	₩	132	₩	5,737	₩	7,695
Acquisitions/Capital expenditure	712		322		—		—		753		6,319		8,106
Depreciation	(648)		(249)		—		(2)		(223)		(3,448)		(4,570)
Disposals	(15)		(3)		—		—		(44)		(63)		(125)
Reclassification	—		—		(128)		—		128		—		—
Foreign exchange differences	26		—		—		—		11		195		232
Ending balance	₩	1,455	₩	380	₩	—	₩	6	₩	757	₩	8,740	₩	11,338


	2020
	Computer and other equipment		Furniture and fixture		Construction in progress		Vehicle		Leasehold improvements		Right-of- use assets		Total
	(In millions of Korean won)
Beginning balance	₩	1,057	₩	443	₩	—	₩	—	₩	217	₩	4,946	₩	6,663
Acquisitions/Capital expenditure	850		81		128		9		3		3,784		4,855
Depreciation	(529)		(213)		—		(1)		(83)		(2,957)		(3,783)
Disposals	(1)		(1)		—		—		(2)		(13)		(17)
Foreign exchange differences	3		—		—		—		(3)		(23)		(23)
Ending balance	₩	1,380	₩	310	₩	128	₩	8	₩	132	₩	5,737	₩	7,695


	2019
	Computer and other equipment		Furniture and fixture		Leasehold improvements		Right-of-use assets		Total
	(In millions of Korean won)
Beginning balance	₩	888	₩	484	₩	126	₩	—	₩	1,498
Recognition of right-of-use assets on initial application of IFRS 16	(199)		—		—		4,453		4,254
Acquisitions	711		211		163		2,637		3,722
Depreciation	(344)		(198)		(71)		(2,135)		(2,748)
Disposals	—		(58)		(2)		(15)		(75)
Foreign exchange differences	1		4		1		6		12
Ending balance	₩	1,057	₩	443	₩	217	₩	4,946	₩	6,663

(3)Classification of depreciation expenses in the statements of comprehensive income for the years ended December 31, 2021, 2020 and 2019 are as follows:


	2021		2020		2019
	(In millions of Korean won)
Cost of revenues	₩	2,102	₩	2,123	₩	1,795
Selling, general and administrative expenses	2,167		1,424		761
Research and development	301		236		192
Total	₩	4,570	₩	3,783	₩	2,748

(4)As of the end of the reporting period, there are no property and equipment that are pledged as collateral for the Group’s debts.