Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 611

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 611
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 | ) |
| Depreciation                                          |     |      |  (15,058 | ) |     |      | (15,063 | ) |
| Amounts transferred from (to) property and equipment  |     |      |   16,678 |   |     |      |  77,752 |   |
| Amounts transferred from(to) assets held for sale (*) |     |      |   (6,057 | ) |     |      |   5,551 |   |
| Effects of foreign currency adjustments               |     |      |        — |   |     |      |     (78 | ) |
| Ending balance                                        |     |    W |  257,806 |   |     |      | 327,696 |   |

| (*) | Comprise buildings and land, etc. |

|                                                                                  |     | 2022 |        |     | 2023 |        |     | 2024 |        |
| Rental income                                                                    |     |    W | 33,366 |     |      | 24,472 |     |      | 28,708 |
| Direct operating expenses for investment properties that generated rental income |     |      | 16,980 |     |      | 12,905 |     |      | 11,385 |

|                        |     | 2023 |           |     | 2024 |           |
| Land and buildings (*) |     |    W | 1,044,491 |     |      | 1,121,833 |

| (*) | Fair value of investment properties is estimated based in the recent market transaction conditions with an independent third party and certain significant unobservable inputs. Accordingly, fair value of investment properties is classified as level 3. |

F-22 7

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (In millions of won) December 31, 2023 and 2024

| 18. | Other assets |

Other as s ets as of December 31, 2023 and 2024 are as follows:

|                                            |     | 2023 |            |   |     |       2024 |            |   |
| Accounts receivable                        |     |    W | 17,048,595 |   |     |            | 13,611,340 |   |
| Domestic exchange settlement debit         |     |      |