MIRA
INFORM REPORT
|
Report Date : |
27.12.2011 |
IDENTIFICATION DETAILS
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Name : |
HYUNDAI WIA CORP |
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Registered Office : |
391-8, Gaeumjeong-Dong Seongsan-Gu Changwon, 641110 |
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Country : |
South Korea |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
29.03.1976 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Motor Vehicle and Motor Vehicle Part Manufacturing |
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No. of Employees : |
2,219 persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company name and address
HYUNDAI WIA CORP
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Business
Description
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HYUNDAI WIA CORP. is a Korea-based company engaged in the
manufacturing business. The Company operates in five business divisions:
automobile part division, machinery division, press division, plant division
and defense division. Its automobile part division provides transmissions,
constant velocity joints (CVJs), transfer cases, couplings, power steerings,
chassis modules, tire modules, axle modules and automobile engines, mainly to
Hyundai Motor Company and Kia Motors Corporation. Its machinery division
provides numerically controlled (NC) lathes and machining centers. Its press
division provides tandem press lines, tandem transfer press lines, transfer
press lines, blanking lines, hot forming lines and others. Its plant division
provides cargo cranes and steelmaking facilities. Its defense division
provides artilleries, naval armaments and aircrafts. For the nine months
ended 30 September 2010, HYUNDAI WIA CORP's revenues totaled W3.009T. Net
income totaled W77.01B. Revenues and net income are not compared due to the
fact that the Company goes to IPO at 21 February 2011. HYUNDAI WIA CORP is a
Korea-based company engaged in producing parts, other machines, airplane
parts with accumulated technology, and various advanced products of satellite
image. |
Industry
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Industry |
Auto and Truck Parts |
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ANZSIC 2006: |
231 - Motor Vehicle and Motor Vehicle Part
Manufacturing |
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NACE 2002: |
3410 - Manufacture of motor vehicles |
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NAICS 2002: |
33635 - Motor Vehicle Transmission and
Power Train Parts Manufacturing |
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UK SIC 2003: |
3410 - Manufacture of motor vehicles |
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US SIC 1987: |
3714 - Motor Vehicle Parts and Accessories
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Key Executives
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Significant
Developments
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* number of significant developments within the last 12 months |
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News
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1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1156.282
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1134.9
Corporate Overview
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Corporate Structure News
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HYUNDAI WIA CORP
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Seoul |
Korea, Republic of |
Auto and Truck Manufacturers |
97,372.2 |
56,137 |
|
|
Subsidiary |
Changwon-si, Gyeongsangnam-do |
Korea, Republic of |
Railroads |
2,136.2 |
3,920 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Railroads |
2,311.0 |
3,840 |
|
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Subsidiary |
Changwon |
Korea, Republic of |
Auto and Truck Parts |
3,835.5 |
2,219 |
|
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Subsidiary |
Seoul |
Korea, Republic of |
Construction Services |
846.6 |
950 |
|
|
Subsidiary |
Kunpo, Kyonggi-do |
Korea, Republic of |
Miscellaneous Capital Goods |
|
800 |
|
|
Subsidiary |
Fountain Valley, CA |
United States |
Auto and Truck Manufacturers |
8,606.0 |
420 |
|
|
Branch |
Montgomery, AL |
United States |
Auto and Truck Manufacturers |
4,821.0 |
3,000 |
|
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Subsidiary |
Markham, ON |
Canada |
Auto and Truck Parts |
1,376.0 |
165 |
|
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Branch |
Irvine, CA |
United States |
Business Services |
296.0 |
80 |
|
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Branch |
Austell, GA |
United States |
Business Services |
185.0 |
50 |
|
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Subsidiary |
Neckarsulm |
Germany |
Retail (Specialty) |
950.2 |
140 |
|
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Subsidiary |
Macquarie Park, NSW |
Australia |
Auto and Truck Manufacturers |
1,120.7 |
130 |
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Subsidiary |
Milano, MI |
Italy |
Auto and Truck Manufacturers |
|
126 |
|
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Subsidiary |
Offenbach Am Main, Hessen |
Germany |
Retail (Specialty) |
3,589.0 |
69 |
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Subsidiary |
Niznà Lhoty |
Czech Republic |
Auto and Truck Manufacturers |
156.9 |
2,200 |
|
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Subsidiary |
High Wycombe |
United Kingdom |
Retail (Specialty) |
889.1 |
177 |
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Subsidiary |
Saint-Ouen-Laumone |
France |
Auto and Truck Manufacturers |
|
100 |
|
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Subsidiary |
Madrid |
Spain |
Auto and Truck Manufacturers |
273.3 |
75 |
|
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Subsidiary |
Warszawa |
Poland |
Auto and Truck Manufacturers |
217.0 |
41 |
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Subsidiary |
Oslo |
Norway |
Auto and Truck Manufacturers |
81.4 |
26 |
|
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Subsidiary |
Wien, Wien |
Austria |
Retail (Specialty) |
150.6 |
25 |
|
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Subsidiary |
Helsinki |
Finland |
Retail (Specialty) |
135.0 |
1 |
|
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Subsidiary |
Helsinki |
Finland |
Retail (Specialty) |
1.2 |
5 |
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Subsidiary |
Budapest |
Hungary |
Retail (Specialty) |
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Subsidiary |
Istanbul |
Turkey |
Retail (Specialty) |
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Subsidiary |
Kiev |
Ukraine |
Auto and Truck Manufacturers |
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Subsidiary |
Moscow |
Russian Federation |
Retail (Specialty) |
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Subsidiary |
Kiev |
Ukraine |
Retail (Specialty) |
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Subsidiary |
Moscow |
Russian Federation |
Auto and Truck Manufacturers |
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Subsidiary |
Dietlikon |
Switzerland |
Retail (Specialty) |
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Subsidiary |
Prague |
Czech Republic |
Auto and Truck Manufacturers |
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Subsidiary |
Milano |
Italy |
Retail (Specialty) |
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Subsidiary |
San Diego, CA |
United States |
Auto and Truck Manufacturers |
10.0 |
64 |
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Subsidiary |
Zagreb |
Croatia |
Auto and Truck Manufacturers |
|
30 |
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Subsidiary |
Olivos, Buenos Aires |
Argentina |
Retail (Specialty) |
46.9 |
26 |
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Subsidiary |
Changwon |
Korea, Republic of |
Auto and Truck Parts |
2,811.7 |
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Subsidiary |
Seoul |
Korea, Republic of |
Railroads |
1,719.6 |
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Subsidiary |
Bogotá DC |
Colombia |
Auto and Truck Manufacturers |
456.3 |
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Subsidiary |
Makati City |
Philippines |
Retail (Specialty) |
187.2 |
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Subsidiary |
Bangkok |
Thailand |
Retail (Specialty) |
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Subsidiary |
Santiago |
Chile |
Retail (Specialty) |
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Subsidiary |
Cairo |
Egypt |
Auto and Truck Manufacturers |
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Subsidiary |
Chaoyang District, Beijing |
China |
Auto and Truck Manufacturers |
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Subsidiary |
Dublin |
Ireland |
Retail (Specialty) |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Engineering Consultants |
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Subsidiary |
Dhaka |
Bangladesh |
Retail (Specialty) |
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Subsidiary |
Bratislava |
Slovakia |
Auto and Truck Manufacturers |
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Subsidiary |
Suva |
Fiji |
Retail (Specialty) |
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Subsidiary |
Hanoi |
Viet Nam |
Retail (Specialty) |
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Subsidiary |
Dubai |
United Arab Emirates |
Auto and Truck Manufacturers |
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Significant Developments
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HYUNDAI WIA TO BE
LISTED ON SEOUL BOURSE NEXT WEEK
Asia Pulse Businesswire: 17 February 2011
[What follows is the full text of the news story.]
SEOUL, Feb 17Asia
Pulse - Hyundai Wia Corp., an auto parts unit of Hyundai Motor Co.
(KSE:005387), will list its shares on South Korea's main stock market next
week, the bourse operator said Thursday.
Hyundai Wia will
start trading its shares on the main bourse on Monday, according to a statement
by the Korea Exchange (KRX). The initial share price will be set in the 90-200
per cent range of its initial public offering price of 65,000 won(US$58.2), it
added.
Established in
1976, the auto parts maker posted sales of 3.01 trillion won (US$2.71 billion)
and a net profit of 77.01 billion won last year as of the end of September.
Its major
shareholders include the country's top automaker Hyundai Motor, which holds a
33.33 per cent stake.
(Yonhap) ry
17-02 1818
UPDATE: Hyundai
Wia In Supply Talks With Renault, Nissan, Volkswagen
Nikkei English News: 25 January 2011
[What follows is the full text of the news story.]
(Updates with CEO
comment and other details)
By Kyong-Ae Choi
OF DOW JONES
NEWSWIRES
SEOUL -(Dow
Jones)- Hyundai Wia Corp. (011210.SE), South Korea's second-largest auto parts
maker by sales, is in talks with three foreign companies to supply them with
auto parts, the company's chief executive said late Tuesday.
The three
companies are Renault S.A. (RNO.FR), Nissan Motors Co. (7201.TO) and Volkswagen
AG (VLKAY), Chief Executive Lheem Heung-soo said in a press briefing.
Hyundai Wia's
current customers include General Motors Co. (GM) and Hyundai Motor Group
composed of Hyundai Motor Co. (005380.SE) and Kia Motors Corp. (000270.SE).
Hyundai Wia aims
to decrease its heavy dependence on Hyundai Motor and Kia Motors, which
collectively own a 78.79% stake in the company, to 65% of sales by 2020 from
75% in 2009.
As it targets to
achieve KRW20 trillion ($18 billion) in sales by 2020, Hyundai Wia is stepping
up efforts not only to diversify its business portfolio but also to expand its
overseas production capacity to meet a rising demand, said Lheem, who also
serves as president.
"We will
achieve the 2020 sales target by diversifying our businesses into wind-power
generation, electric vehicle parts and recycling," the chief executive
told reporters during the briefing.
The company's main
businesses now manufacture automotive modules, engines and machine tools.
"We expect to
achieve KRW14 trillion (of sales) through current businesses and the rest
through the new businesses, which also include producing in-wheel drive motors
and decelerators," said Lheem.
He said the
company will spend some of the proceeds of its planned KRW480 billion ($430
million) initial public offering to diversify its income sources, while
planning to use KRW100 billion of its expected IPO proceeds to repay debts.
It expects sales
of KRW4.4 trillion for the whole year of 2010, up from KRW3.118 trillion a year
earlier.
To enter the
European markets, the company is considering building a plant in Poland, the
chief executive said. Hyundai Wia already has auto parts plants in South Korea,
India and China.
But "building
a plant in the U.S. and an additional factory in China is not under
consideration for now," Lheem said without elaborating.
The IPO price will
be decided on Jan. 31, said an official from Mirae Asset Securities, which is
managing the IPO together with Shinhan Investment Corp.
He didn't answer
the question about an estimated IPO price for Hyundai Wia.
Hyundai Wia has set
an indicative range of between KRW53,000 and KRW60,000 per share.
-By Kyong-Ae Choi,
Dow Jones Newswires; 822-3700-1903; kyong-ae.choi@dowjones.com
Click here to go
to Dow Jones NewsPlus, a web front page of today's most important business and
market news, analysis and commentary:
http://www.djnewsplus.com/access/al?rnd=LOn%2FmbIP8e4eUccMqqkucg%3D%3D. You can
use this link on the day this article is published and the following day.
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Net Sales |
3,835.5 |
2,443.0 |
2,895.4 |
3,554.4 |
2,714.5 |
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Revenue |
3,835.5 |
2,443.0 |
2,895.4 |
3,554.4 |
2,714.5 |
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Total Revenue |
3,835.5 |
2,443.0 |
2,895.4 |
3,554.4 |
2,714.5 |
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Cost of Revenue |
3,569.6 |
2,230.3 |
2,656.8 |
3,318.7 |
2,507.5 |
|
Cost of Revenue, Total |
3,569.6 |
2,230.3 |
2,656.8 |
3,318.7 |
2,507.5 |
|
Gross Profit |
265.9 |
212.7 |
238.5 |
235.7 |
207.0 |
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Selling/General/Administrative Expense |
81.5 |
66.2 |
78.1 |
53.7 |
47.2 |
|
Labor & Related Expense |
38.7 |
29.6 |
29.7 |
31.1 |
26.5 |
|
Advertising Expense |
21.9 |
12.5 |
19.3 |
17.9 |
14.4 |
|
Total Selling/General/Administrative Expenses |
142.1 |
108.2 |
127.0 |
102.8 |
88.2 |
|
Research & Development |
5.9 |
4.9 |
4.4 |
4.7 |
2.5 |
|
Depreciation |
0.9 |
0.9 |
1.0 |
1.2 |
1.1 |
|
Amortization of Intangibles |
3.2 |
2.6 |
3.6 |
4.2 |
4.1 |
|
Depreciation/Amortization |
4.0 |
3.5 |
4.7 |
5.4 |
5.2 |
|
Total Operating Expense |
3,721.6 |
2,346.9 |
2,792.9 |
3,431.6 |
2,603.4 |
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Operating Income |
113.9 |
96.1 |
102.5 |
122.8 |
111.1 |
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Interest Expense -
Non-Operating |
-34.0 |
-36.5 |
-38.5 |
-40.1 |
-37.7 |
|
Interest Expense, Net Non-Operating |
-34.0 |
-36.5 |
-38.5 |
-40.1 |
-37.7 |
|
Interest Income -
Non-Operating |
5.7 |
2.5 |
4.3 |
4.0 |
2.4 |
|
Investment Income -
Non-Operating |
53.1 |
20.2 |
-3.3 |
-6.5 |
9.6 |
|
Interest/Investment Income - Non-Operating |
58.7 |
22.7 |
1.0 |
-2.5 |
12.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
24.7 |
-13.7 |
-37.5 |
-42.7 |
-25.7 |
|
Gain (Loss) on Sale of Assets |
-1.4 |
0.2 |
-1.4 |
-1.1 |
-2.8 |
|
Other Non-Operating Income (Expense) |
7.8 |
-7.8 |
-8.1 |
-4.7 |
0.6 |
|
Other, Net |
7.8 |
-7.8 |
-8.1 |
-4.7 |
0.6 |
|
Income Before Tax |
145.0 |
74.7 |
55.4 |
74.3 |
83.1 |
|
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Total Income Tax |
26.8 |
14.2 |
13.3 |
27.7 |
18.8 |
|
Income After Tax |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
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|
|
Net Income Before Extraord Items |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Basic EPS Excl Extraord Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Basic/Primary EPS Incl Extraord Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Dilution Adjustment |
- |
- |
- |
- |
0.0 |
|
Diluted Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Diluted Weighted Average Shares |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Diluted EPS Excl Extraord Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Diluted EPS Incl Extraord Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
34.0 |
36.5 |
38.5 |
40.1 |
37.7 |
|
Depreciation, Supplemental |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Total Special Items |
1.4 |
0.0 |
2.4 |
2.6 |
4.4 |
|
Normalized Income Before Tax |
146.4 |
74.6 |
57.8 |
76.9 |
87.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.3 |
0.0 |
0.3 |
0.4 |
0.6 |
|
Inc Tax Ex Impact of Sp Items |
27.1 |
14.2 |
13.6 |
28.1 |
19.4 |
|
Normalized Income After Tax |
119.3 |
60.5 |
44.2 |
48.7 |
68.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
119.3 |
60.5 |
44.2 |
48.7 |
68.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
5.49 |
2.78 |
2.03 |
2.24 |
3.13 |
|
Diluted Normalized EPS |
5.49 |
2.78 |
2.03 |
2.24 |
3.13 |
|
Amort of Acquisition Costs, Supplemental |
- |
0.1 |
0.9 |
1.5 |
1.5 |
|
Amort of Intangibles, Supplemental |
13.6 |
10.1 |
9.5 |
9.3 |
6.9 |
|
Rental Expenses |
0.6 |
0.5 |
0.5 |
0.8 |
0.8 |
|
Advertising Expense, Supplemental |
21.9 |
12.5 |
19.3 |
17.9 |
14.4 |
|
Research & Development Exp, Supplemental |
5.9 |
4.9 |
4.4 |
4.7 |
2.5 |
|
Normalized EBIT |
113.9 |
96.1 |
102.5 |
122.8 |
111.1 |
|
Normalized EBITDA |
169.1 |
141.1 |
149.6 |
174.9 |
155.7 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
117.5 |
76.5 |
76.5 |
51.3 |
35.2 |
|
Short Term Investments |
1.8 |
8.5 |
43.8 |
- |
- |
|
Cash and Short Term Investments |
119.3 |
85.0 |
120.3 |
51.3 |
35.2 |
|
Accounts Receivable -
Trade, Gross |
792.9 |
616.9 |
623.5 |
890.7 |
848.7 |
|
Provision for Doubtful
Accounts |
-20.0 |
-10.8 |
-38.7 |
-6.9 |
-5.3 |
|
Trade Accounts Receivable - Net |
773.0 |
606.1 |
584.8 |
883.8 |
843.5 |
|
Other Receivables |
34.0 |
31.9 |
37.4 |
12.9 |
23.8 |
|
Total Receivables, Net |
807.0 |
638.0 |
622.2 |
896.8 |
867.3 |
|
Inventories - Finished Goods |
52.9 |
27.0 |
39.2 |
54.2 |
40.2 |
|
Inventories - Work In Progress |
163.2 |
94.3 |
83.7 |
90.8 |
112.0 |
|
Inventories - Raw Materials |
147.8 |
113.7 |
106.8 |
129.2 |
133.8 |
|
Inventories - Other |
67.3 |
76.9 |
43.0 |
61.8 |
40.0 |
|
Total Inventory |
431.2 |
312.0 |
272.7 |
335.9 |
326.1 |
|
Prepaid Expenses |
0.7 |
0.6 |
1.3 |
2.8 |
0.7 |
|
Deferred Income Tax - Current Asset |
14.3 |
11.4 |
9.0 |
0.6 |
1.0 |
|
Other Current Assets |
1.0 |
6.5 |
8.5 |
- |
0.4 |
|
Other Current Assets, Total |
15.2 |
17.9 |
17.5 |
0.6 |
1.4 |
|
Total Current Assets |
1,373.5 |
1,053.5 |
1,034.0 |
1,287.4 |
1,230.7 |
|
|
|
|
|
|
|
|
Buildings |
147.6 |
126.3 |
111.2 |
134.9 |
114.0 |
|
Land/Improvements |
282.8 |
275.4 |
262.7 |
133.7 |
134.5 |
|
Machinery/Equipment |
506.7 |
400.1 |
348.8 |
433.0 |
404.7 |
|
Construction in
Progress |
32.6 |
53.3 |
6.8 |
20.4 |
36.2 |
|
Other
Property/Plant/Equipment |
18.6 |
14.2 |
10.8 |
13.3 |
8.1 |
|
Property/Plant/Equipment - Gross |
988.2 |
869.3 |
740.2 |
735.3 |
697.5 |
|
Accumulated Depreciation |
-270.3 |
-225.8 |
-179.4 |
-202.3 |
-164.8 |
|
Property/Plant/Equipment - Net |
717.9 |
643.5 |
560.8 |
533.0 |
532.8 |
|
Goodwill, Net |
- |
- |
0.1 |
1.3 |
2.8 |
|
Intangibles, Net |
71.5 |
62.3 |
54.1 |
65.3 |
55.9 |
|
LT Investment - Affiliate Companies |
282.4 |
224.9 |
172.2 |
102.9 |
90.0 |
|
LT Investments - Other |
11.2 |
5.9 |
9.2 |
12.4 |
11.6 |
|
Long Term Investments |
293.6 |
230.8 |
181.5 |
115.3 |
101.6 |
|
Note Receivable - Long Term |
0.1 |
0.7 |
0.6 |
1.0 |
4.3 |
|
Other Long Term Assets |
21.0 |
22.0 |
19.3 |
29.4 |
28.3 |
|
Other Long Term Assets, Total |
21.0 |
22.0 |
19.3 |
29.4 |
28.3 |
|
Total Assets |
2,477.5 |
2,012.8 |
1,850.5 |
2,032.6 |
1,956.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
833.2 |
563.1 |
450.7 |
509.5 |
596.6 |
|
Accrued Expenses |
8.8 |
4.4 |
3.6 |
4.4 |
4.2 |
|
Notes Payable/Short Term Debt |
38.9 |
115.3 |
226.3 |
247.4 |
205.4 |
|
Current Portion - Long Term Debt/Capital Leases |
132.2 |
47.3 |
103.2 |
154.9 |
101.1 |
|
Customer Advances |
26.0 |
30.0 |
22.6 |
5.5 |
9.2 |
|
Security Deposits |
0.1 |
0.1 |
0.1 |
0.6 |
0.1 |
|
Income Taxes Payable |
16.1 |
10.0 |
7.5 |
18.2 |
18.8 |
|
Other Payables |
170.6 |
128.5 |
210.6 |
322.4 |
199.2 |
|
Other Current Liabilities |
7.7 |
4.4 |
8.6 |
8.4 |
6.5 |
|
Other Current liabilities, Total |
220.6 |
173.0 |
249.4 |
355.1 |
233.9 |
|
Total Current Liabilities |
1,233.7 |
903.0 |
1,033.3 |
1,271.4 |
1,141.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
333.7 |
342.3 |
156.4 |
223.4 |
326.7 |
|
Total Long Term Debt |
333.7 |
342.3 |
156.4 |
223.4 |
326.7 |
|
Total Debt |
504.8 |
504.8 |
486.0 |
625.8 |
633.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
50.6 |
43.0 |
40.8 |
- |
- |
|
Deferred Income Tax |
50.6 |
43.0 |
40.8 |
- |
- |
|
Reserves |
10.4 |
8.6 |
7.7 |
10.3 |
5.2 |
|
Pension Benefits - Underfunded |
12.6 |
7.4 |
10.3 |
7.0 |
5.9 |
|
Other Long Term Liabilities |
1.2 |
1.6 |
1.5 |
1.9 |
1.6 |
|
Other Liabilities, Total |
24.3 |
17.6 |
19.5 |
19.2 |
12.7 |
|
Total Liabilities |
1,642.3 |
1,306.0 |
1,250.1 |
1,514.0 |
1,480.6 |
|
|
|
|
|
|
|
|
Common Stock |
95.7 |
93.3 |
86.3 |
116.1 |
116.8 |
|
Common Stock |
95.7 |
93.3 |
86.3 |
116.1 |
116.8 |
|
Additional Paid-In Capital |
4.5 |
13.1 |
12.1 |
5.5 |
5.5 |
|
Retained Earnings (Accumulated Deficit) |
567.2 |
435.4 |
341.2 |
407.8 |
370.1 |
|
Unrealized Gain (Loss) |
167.8 |
165.3 |
161.3 |
-10.7 |
-16.6 |
|
Other Comprehensive Income |
- |
-0.3 |
-0.4 |
- |
- |
|
Other Equity, Total |
- |
-0.3 |
-0.4 |
- |
- |
|
Total Equity |
835.2 |
706.8 |
600.4 |
518.6 |
475.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,477.5 |
2,012.8 |
1,850.5 |
2,032.6 |
1,956.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Total Common Shares Outstanding |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,156 |
1,978 |
2,006 |
1,888 |
1,887 |
|
Number of Common Shareholders |
654 |
523 |
486 |
339 |
186 |
|
Accumulated Goodwill Amortization Suppl. |
- |
4.4 |
4.0 |
6.5 |
5.1 |
|
Accumulated Intangible Amort, Suppl. |
57.0 |
42.0 |
28.4 |
25.5 |
13.9 |
|
Deferred Revenue - Current |
26.0 |
30.0 |
22.6 |
5.5 |
9.2 |
|
Total Long Term Debt, Supplemental |
- |
390.8 |
260.2 |
379.3 |
429.0 |
|
Long Term Debt Maturing within 1 Year |
- |
47.3 |
103.2 |
154.9 |
101.1 |
|
Long Term Debt Maturing in Year 2 |
- |
128.8 |
45.8 |
138.9 |
155.9 |
|
Long Term Debt Maturing in Year 3 |
- |
214.7 |
111.2 |
21.4 |
107.5 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
64.1 |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
343.5 |
157.0 |
160.2 |
263.4 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
- |
64.1 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
0.0 |
0.0 |
0.0 |
64.5 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Depreciation |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Depreciation/Depletion |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Amortization of Intangibles |
13.6 |
10.3 |
10.4 |
10.8 |
8.4 |
|
Amortization |
13.6 |
10.3 |
10.4 |
10.8 |
8.4 |
|
Deferred Taxes |
3.6 |
0.2 |
-2.1 |
-2.4 |
-1.4 |
|
Unusual Items |
-8.2 |
-23.4 |
27.3 |
9.4 |
0.3 |
|
Equity in Net Earnings (Loss) |
-49.0 |
-2.5 |
-18.4 |
2.3 |
-1.5 |
|
Other Non-Cash Items |
42.5 |
36.8 |
70.4 |
40.4 |
35.2 |
|
Non-Cash Items |
-14.6 |
11.0 |
79.3 |
52.1 |
34.0 |
|
Accounts Receivable |
-177.5 |
5.2 |
2.5 |
-46.8 |
-218.9 |
|
Inventories |
-109.1 |
-8.6 |
-35.3 |
-12.8 |
-18.3 |
|
Prepaid Expenses |
1.8 |
1.0 |
1.5 |
-0.7 |
0.4 |
|
Other Assets |
10.8 |
21.6 |
0.9 |
-2.9 |
3.9 |
|
Accounts Payable |
288.1 |
-21.1 |
52.3 |
41.4 |
241.6 |
|
Accrued Expenses |
4.3 |
0.4 |
0.4 |
0.3 |
1.0 |
|
Taxes Payable |
5.6 |
1.8 |
-6.9 |
-0.5 |
7.9 |
|
Other Liabilities |
-10.6 |
-17.6 |
-18.8 |
-20.8 |
-39.0 |
|
Changes in Working Capital |
13.4 |
-17.2 |
-3.4 |
-42.8 |
-21.4 |
|
Cash from Operating Activities |
175.7 |
99.6 |
163.0 |
105.5 |
120.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-100.1 |
-78.0 |
-46.6 |
-46.9 |
-88.2 |
|
Purchase/Acquisition of Intangibles |
-21.9 |
-14.7 |
-17.2 |
-20.1 |
-16.0 |
|
Capital Expenditures |
-122.0 |
-92.7 |
-63.7 |
-67.0 |
-104.3 |
|
Sale of Fixed Assets |
0.4 |
9.7 |
3.6 |
0.6 |
2.4 |
|
Sale/Maturity of Investment |
14.8 |
39.0 |
14.6 |
0.0 |
109.5 |
|
Purchase of Investments |
-27.5 |
-43.8 |
-84.9 |
-20.2 |
-143.5 |
|
Other Investing Cash Flow |
11.1 |
0.2 |
-1.7 |
1.7 |
-5.1 |
|
Other Investing Cash Flow Items, Total |
-1.2 |
5.0 |
-68.5 |
-17.8 |
-36.7 |
|
Cash from Investing Activities |
-123.2 |
-87.7 |
-132.2 |
-84.8 |
-141.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.4 |
-0.4 |
-0.5 |
- |
0.1 |
|
Financing Cash Flow Items |
-0.4 |
-0.4 |
-0.5 |
- |
0.1 |
|
Short Term Debt Issued |
293.1 |
646.1 |
1,172.6 |
1,574.2 |
2,162.3 |
|
Short Term Debt
Reduction |
-371.6 |
-764.1 |
-1,133.7 |
-1,531.1 |
-2,245.5 |
|
Short Term Debt, Net |
-78.5 |
-118.0 |
38.9 |
43.0 |
-83.2 |
|
Long Term Debt Issued |
111.9 |
202.7 |
107.0 |
53.8 |
166.7 |
|
Long Term Debt
Reduction |
-47.6 |
-101.9 |
-131.8 |
-101.2 |
-37.6 |
|
Long Term Debt, Net |
64.3 |
100.9 |
-24.8 |
-47.4 |
129.1 |
|
Issuance (Retirement) of Debt, Net |
-14.2 |
-17.2 |
14.1 |
-4.3 |
45.9 |
|
Cash from Financing Activities |
-14.7 |
-17.6 |
13.6 |
-4.3 |
46.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
37.9 |
-5.7 |
44.4 |
16.4 |
25.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
77.5 |
76.0 |
43.7 |
35.3 |
9.2 |
|
Net Cash - Ending Balance |
115.4 |
70.2 |
88.1 |
51.8 |
34.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Product Revenue |
3,737.8 |
2,389.7 |
2,792.0 |
3,418.2 |
2,441.3 |
|
Merchandise Revenue |
97.7 |
53.4 |
103.4 |
136.1 |
273.2 |
|
Total Revenue |
3,835.5 |
2,443.0 |
2,895.4 |
3,554.4 |
2,714.5 |
|
|
|
|
|
|
|
|
Cost-Finished Goods Sold |
3,490.0 |
2,179.9 |
2,557.6 |
3,186.9 |
2,254.0 |
|
Cost-Merchandise Sold |
79.6 |
50.4 |
99.2 |
131.8 |
253.5 |
|
Salaries & Wages |
30.0 |
23.1 |
23.1 |
23.7 |
19.7 |
|
Retirement Allowance |
2.8 |
2.1 |
1.9 |
2.8 |
2.4 |
|
Employee Benefits |
5.9 |
4.4 |
4.7 |
4.6 |
4.4 |
|
Travel Expense |
2.3 |
2.2 |
1.9 |
2.2 |
1.9 |
|
Communication Expense |
0.3 |
0.2 |
0.3 |
0.3 |
0.4 |
|
Taxes & Dues |
0.6 |
0.4 |
1.0 |
0.7 |
0.4 |
|
Computing Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Expense-Consumable Goods |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Expense-Uniforms |
0.1 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Office Supplies Expense |
0.1 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Rent |
0.6 |
0.5 |
0.5 |
0.8 |
0.8 |
|
Office Maintenance Expense |
1.1 |
0.9 |
0.6 |
0.6 |
0.4 |
|
Vehicles Maintenance Expense |
0.2 |
0.2 |
0.3 |
0.3 |
0.3 |
|
Repair Expense |
0.0 |
0.0 |
0.2 |
0.0 |
0.1 |
|
Insurance Expense |
0.5 |
0.7 |
1.1 |
0.7 |
1.1 |
|
Commission Paid |
5.9 |
4.6 |
7.5 |
8.3 |
6.2 |
|
Shipping & Handling Expense |
14.5 |
9.6 |
11.8 |
11.5 |
9.1 |
|
Entertainment Expense |
0.2 |
0.2 |
0.4 |
0.4 |
0.5 |
|
Marketing Expense |
16.7 |
8.8 |
14.2 |
15.0 |
11.9 |
|
Advertising Expense |
5.1 |
3.7 |
5.1 |
2.9 |
2.5 |
|
Expense-Trainings and Books |
1.2 |
0.5 |
0.5 |
0.8 |
0.7 |
|
Overseas Market Development Expense |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Sales Guarantees |
19.2 |
12.2 |
5.9 |
6.9 |
9.0 |
|
Provision-Bad Debt |
9.5 |
1.4 |
24.0 |
1.4 |
2.1 |
|
Development Expenses |
5.9 |
4.9 |
4.4 |
4.7 |
2.5 |
|
Amortization-Intangibles |
3.2 |
2.6 |
3.6 |
4.2 |
4.1 |
|
Depreciation Expense |
0.9 |
0.9 |
1.0 |
1.2 |
1.1 |
|
Other Exporting Related Expense |
25.1 |
32.0 |
21.8 |
18.2 |
13.8 |
|
Total Operating Expense |
3,721.6 |
2,346.9 |
2,792.9 |
3,431.6 |
2,603.4 |
|
|
|
|
|
|
|
|
Interest Income |
5.7 |
2.5 |
4.3 |
4.0 |
2.4 |
|
Dividend Income |
- |
- |
0.3 |
0.0 |
0.0 |
|
Gain under Equity Method |
55.8 |
12.8 |
20.4 |
8.0 |
8.6 |
|
Gains on Sale of Equity Method Securitie |
6.3 |
- |
- |
- |
- |
|
Gain-Disposal of Other Investment Assets |
- |
- |
5.0 |
- |
0.0 |
|
Gain-Currency Forwards Transactions |
5.6 |
18.4 |
0.9 |
0.8 |
3.3 |
|
Gain-Foreign Exchange Transaction |
16.4 |
45.9 |
53.3 |
11.2 |
17.5 |
|
Gain-Foreign Currency Translation |
0.7 |
3.4 |
19.5 |
1.4 |
2.5 |
|
Gain-Valuation of Currency Forwards |
1.1 |
2.9 |
10.3 |
- |
0.4 |
|
Gain-Disposal of Tangible Assets |
0.1 |
1.8 |
0.0 |
0.1 |
0.1 |
|
G-Reduction Loss of Sec. Avail-for-Sale |
- |
- |
- |
0.0 |
0.0 |
|
Recovery of Provisions for Product Warra |
- |
0.7 |
0.1 |
- |
- |
|
Recovery-Loan Loss Reserve |
- |
- |
- |
- |
0.0 |
|
Income-Installments |
0.1 |
0.2 |
0.3 |
0.4 |
0.5 |
|
Rental Income |
- |
- |
- |
0.0 |
0.2 |
|
Miscellaneous Non-Operating Income |
22.8 |
13.8 |
24.6 |
15.8 |
12.2 |
|
Interest Expenses |
-34.0 |
-36.5 |
-38.5 |
-40.1 |
-37.7 |
|
Loss-Disposal of Sec Available-Sale |
- |
- |
0.0 |
- |
0.0 |
|
Loss under Equity Method |
-6.8 |
-10.3 |
-2.0 |
-10.3 |
-7.1 |
|
Impairment Losses on Equity Method Secur |
-1.6 |
- |
- |
- |
- |
|
Loss-Currency Forwards Transaction |
-1.8 |
-2.4 |
-28.6 |
-3.3 |
-0.1 |
|
Loss-Foreign Exchange Transaction |
-18.7 |
-39.9 |
-56.7 |
-11.6 |
-11.9 |
|
Loss-Foreign Currency Translation |
-3.8 |
-8.0 |
-21.0 |
-0.8 |
-2.8 |
|
Loss-Reduct. of Sec. Available-Sale |
- |
-0.2 |
- |
- |
-0.5 |
|
Loss-Valuation of Derivatives |
-0.3 |
-2.2 |
-4.1 |
-1.6 |
-0.3 |
|
Impairment Losses on Intangible Assets i |
- |
-0.2 |
-0.5 |
-0.2 |
- |
|
Loss-Disposal of Accounts Receivable |
-11.5 |
-8.0 |
-14.7 |
-14.6 |
-9.8 |
|
Loss-Disposal of Tangible Assets |
-1.5 |
-1.6 |
-1.4 |
-1.1 |
-3.0 |
|
Bad Debt Expense |
-2.0 |
-9.8 |
-14.2 |
-0.5 |
- |
|
Donations Paid, Non-Operating |
-0.2 |
-0.1 |
-0.3 |
-0.6 |
-0.5 |
|
Miscellaneous Non-Operating Expense |
-1.5 |
-4.4 |
-3.9 |
-5.3 |
-2.1 |
|
Recovery-Tariffs, Non-Operating |
- |
- |
- |
- |
0.0 |
|
Net Income Before Taxes |
145.0 |
74.7 |
55.4 |
74.3 |
83.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
26.8 |
14.2 |
13.3 |
27.7 |
18.8 |
|
Net Income After Taxes |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Basic EPS Excluding ExtraOrdinary Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Basic EPS Including ExtraOrdinary Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Dilution Adjustment |
- |
- |
- |
- |
0.0 |
|
Diluted Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Diluted Weighted Average Shares |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Diluted EPS Excluding ExtraOrd Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Diluted EPS Including ExtraOrd Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
146.4 |
74.6 |
57.8 |
76.9 |
87.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
27.1 |
14.2 |
13.6 |
28.1 |
19.4 |
|
Normalized Income After Taxes |
119.3 |
60.5 |
44.2 |
48.7 |
68.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
119.3 |
60.5 |
44.2 |
48.7 |
68.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
5.49 |
2.78 |
2.03 |
2.24 |
3.13 |
|
Diluted Normalized EPS |
5.49 |
2.78 |
2.03 |
2.24 |
3.13 |
|
Interest Expense, Supplemental |
34.0 |
36.5 |
38.5 |
40.1 |
37.7 |
|
Rental Expense, Supplemental |
0.6 |
0.5 |
0.5 |
0.8 |
0.8 |
|
Advertising Expense, Supplemental |
21.9 |
12.5 |
19.3 |
17.9 |
14.4 |
|
R&D Expense, Supplemental |
5.9 |
4.9 |
4.4 |
4.7 |
2.5 |
|
Depreciation, Supplemental |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Amort of Intangibles, Supplemental |
13.6 |
10.1 |
9.5 |
9.3 |
6.9 |
|
Amort of Acquisition Costs, Supplemental |
- |
0.1 |
0.9 |
1.5 |
1.5 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
117.6 |
77.0 |
77.0 |
51.4 |
35.3 |
|
Government Subsidy |
-0.1 |
-0.5 |
-0.5 |
0.0 |
-0.1 |
|
ST Financial Assets |
0.1 |
4.6 |
43.8 |
- |
- |
|
ST Securities Available for Sale |
1.8 |
3.9 |
- |
- |
- |
|
Currency Futures, Current Assets |
1.0 |
6.5 |
8.5 |
- |
0.4 |
|
Deferred Income Taxes-Debit, Current |
14.3 |
11.4 |
9.0 |
0.6 |
1.0 |
|
Trade Receivable |
792.9 |
616.9 |
623.5 |
890.7 |
848.7 |
|
Reserve-Doubtful Account |
-17.8 |
-10.6 |
-26.2 |
-6.8 |
-5.2 |
|
Account Receivable, Net |
34.0 |
31.9 |
37.4 |
12.9 |
23.8 |
|
Prepaid Expense |
0.7 |
0.6 |
1.3 |
1.7 |
0.7 |
|
Prepaid Income Taxes |
- |
- |
- |
1.1 |
- |
|
Advanced Payment |
2.3 |
6.8 |
6.8 |
11.7 |
18.2 |
|
Accrued Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Reserve-Doubtful Account |
-2.2 |
-0.2 |
-12.5 |
-0.1 |
-0.1 |
|
Merchandises |
7.5 |
4.9 |
8.8 |
21.4 |
15.2 |
|
Allowance for Loss on Valuation of Merch |
-0.7 |
-1.0 |
-2.1 |
-0.4 |
-0.1 |
|
Finished Goods |
45.4 |
22.1 |
30.4 |
32.7 |
25.0 |
|
Allowance for Loss on Valuation of Finis |
-0.8 |
-0.7 |
-2.6 |
-0.5 |
-0.2 |
|
Imported Goods in Transit |
66.9 |
72.1 |
45.1 |
51.5 |
22.4 |
|
Raw Materials |
147.5 |
113.5 |
106.8 |
129.0 |
133.7 |
|
Allowance for Loss on Valuation of Raws |
-0.4 |
-0.3 |
-2.1 |
-0.6 |
-0.4 |
|
Supplemental Raw Materials |
0.3 |
0.2 |
0.0 |
0.2 |
0.1 |
|
Work in Progress |
163.2 |
94.3 |
83.7 |
90.8 |
112.0 |
|
Allowance for Loss on Valuation of Work |
- |
- |
-2.1 |
- |
- |
|
Supplies |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Total Current Assets |
1,373.5 |
1,053.5 |
1,034.0 |
1,287.4 |
1,230.7 |
|
|
|
|
|
|
|
|
LT Financial Assets |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
LT Loan |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Securities Available for Sale |
11.2 |
5.8 |
9.2 |
12.3 |
11.6 |
|
Equity Method Investment Securities |
282.4 |
224.9 |
172.2 |
102.9 |
90.0 |
|
LT Security Deposit |
15.9 |
15.2 |
12.8 |
13.3 |
13.4 |
|
LT Prepaid Expense |
5.1 |
6.9 |
6.7 |
9.7 |
11.2 |
|
Discount for Present Value |
- |
-0.1 |
-0.1 |
- |
- |
|
Deferred Income Tax, Debit |
- |
- |
- |
6.3 |
3.8 |
|
LT Trade Receivable |
- |
0.6 |
0.5 |
1.0 |
4.4 |
|
Discount for Present Value |
- |
- |
- |
-0.2 |
-0.3 |
|
Land |
282.8 |
275.4 |
262.7 |
133.7 |
134.5 |
|
Buildings |
131.2 |
111.5 |
97.9 |
117.3 |
97.8 |
|
Buildings-Depreciation |
-17.5 |
-14.7 |
-11.6 |
-13.3 |
-11.1 |
|
Structures |
16.4 |
14.8 |
13.2 |
17.6 |
16.2 |
|
Structures-Depreciation |
-5.6 |
-4.9 |
-4.0 |
-4.6 |
-4.0 |
|
Tools & Equipments |
62.2 |
48.5 |
39.2 |
44.8 |
40.1 |
|
Tools & Equipments-Depreciation |
-36.6 |
-29.5 |
-22.4 |
-23.8 |
-18.2 |
|
Machinery & Equipment |
417.9 |
331.5 |
292.7 |
368.0 |
346.5 |
|
Machinery & Equipment-Depreciation |
-191.7 |
-162.5 |
-129.8 |
-149.0 |
-123.7 |
|
Vehicles & Transportation Equipment |
1.8 |
1.5 |
1.4 |
1.8 |
1.8 |
|
Vehicles & Transportation-Depreciation |
-1.0 |
-0.8 |
-0.9 |
-1.0 |
-0.8 |
|
Fixtures |
24.8 |
18.7 |
15.5 |
18.3 |
16.4 |
|
Fixtures-Depreciation |
-13.4 |
-10.2 |
-8.9 |
-9.1 |
-6.5 |
|
Construction in Progress |
31.1 |
51.9 |
5.5 |
18.8 |
35.1 |
|
Other Tangible Assets |
18.6 |
14.2 |
10.8 |
13.3 |
8.1 |
|
Other Tangibles-Depreciation |
-4.5 |
-3.1 |
-2.0 |
-1.6 |
-0.6 |
|
Trees |
1.5 |
1.4 |
1.3 |
1.5 |
1.1 |
|
Industrial Property Right |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Development Cost |
68.1 |
60.2 |
50.4 |
57.8 |
47.2 |
|
Other Intangible |
8.4 |
6.2 |
6.6 |
10.7 |
11.3 |
|
Development Cost Government Subsidy |
-5.1 |
-4.2 |
-3.0 |
-3.3 |
-2.8 |
|
Goodwill |
- |
- |
0.1 |
1.3 |
2.8 |
|
Total Assets |
2,477.5 |
2,012.8 |
1,850.5 |
2,032.6 |
1,956.4 |
|
|
|
|
|
|
|
|
Trade Payable |
833.2 |
563.1 |
450.7 |
509.5 |
596.6 |
|
Account Payable |
170.6 |
128.5 |
210.6 |
322.4 |
199.2 |
|
Income Taxes Payable |
16.1 |
10.0 |
7.5 |
18.2 |
18.8 |
|
Accrued Expense |
8.8 |
4.4 |
3.6 |
4.4 |
4.2 |
|
Advance for Customers |
26.0 |
30.0 |
22.6 |
5.5 |
9.2 |
|
Security Deposit Paid |
0.1 |
0.1 |
0.1 |
0.6 |
0.1 |
|
Deposit Withheld |
4.4 |
2.2 |
2.9 |
4.1 |
3.9 |
|
ST Borrowings |
38.9 |
115.3 |
226.3 |
247.4 |
205.4 |
|
Derivatives in Liabilities, Current |
0.3 |
0.1 |
3.6 |
1.6 |
0.3 |
|
Current Portion of LT Debt |
132.2 |
47.3 |
103.2 |
154.9 |
101.1 |
|
Provisions for Product Warranties in Cur |
3.0 |
2.0 |
2.1 |
2.7 |
2.4 |
|
Total Current Liabilities |
1,233.7 |
903.0 |
1,033.3 |
1,271.4 |
1,141.1 |
|
|
|
|
|
|
|
|
Bonds |
334.8 |
343.5 |
127.0 |
224.3 |
328.0 |
|
LT Borrowings |
- |
- |
30.0 |
- |
- |
|
Discount on Debentures Issuance, Current |
-1.1 |
-1.2 |
-0.5 |
-0.9 |
-1.3 |
|
Total Long Term Debt |
333.7 |
342.3 |
156.4 |
223.4 |
326.7 |
|
|
|
|
|
|
|
|
LT Account Payable |
1.0 |
1.4 |
1.3 |
1.6 |
1.3 |
|
Rent Deposit |
0.3 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Deferred Income Tax, Credit |
50.6 |
43.0 |
40.8 |
- |
- |
|
Reserve-Sales Losses |
7.6 |
6.8 |
5.6 |
7.2 |
2.3 |
|
Reserve-Sales Guarantee |
- |
- |
- |
3.1 |
3.0 |
|
Long-term Provision for Product Warranti |
2.7 |
1.8 |
2.1 |
- |
- |
|
Deposit-Retirement Insurance |
-38.9 |
-36.4 |
-23.6 |
-37.8 |
-32.4 |
|
Reserve-Severance and Retirement Benefit |
51.6 |
43.9 |
34.0 |
45.0 |
38.5 |
|
Transfer to National Pension Fund |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
|
Total Liabilities |
1,642.3 |
1,306.0 |
1,250.1 |
1,514.0 |
1,480.6 |
|
|
|
|
|
|
|
|
Common Stock |
95.7 |
93.3 |
86.3 |
116.1 |
116.8 |
|
Other Capital Surplus |
4.5 |
13.1 |
12.1 |
5.5 |
5.5 |
|
Reserve-Business Rationalization |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Retained Earning Carried Forward |
567.0 |
435.2 |
341.1 |
407.5 |
369.8 |
|
Gain-Valuation of Derivatives |
- |
-0.3 |
-0.4 |
- |
- |
|
Gain-Valu. of Sec. Available for Sale |
0.4 |
0.5 |
0.5 |
0.6 |
0.0 |
|
Capital Change, Equity Method |
31.2 |
30.6 |
35.5 |
2.3 |
0.0 |
|
Capital Change, Equity Method (Loss) |
-1.4 |
-1.3 |
- |
-13.7 |
-16.6 |
|
Gain-Revaluation of Tangible Assets |
139.0 |
135.4 |
125.2 |
- |
- |
|
Losses on Valuation of Available for Sal |
-1.4 |
- |
- |
- |
- |
|
Total Equity |
835.2 |
706.8 |
600.4 |
518.6 |
475.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,477.5 |
2,012.8 |
1,850.5 |
2,032.6 |
1,956.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Total Common Shares Outstanding |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
26.0 |
30.0 |
22.6 |
5.5 |
9.2 |
|
Accumulated Goodwill Amortization Suppl. |
- |
4.4 |
4.0 |
6.5 |
5.1 |
|
Accumulated Intangible Amort, Suppl. |
57.0 |
42.0 |
28.4 |
25.5 |
13.9 |
|
Full-Time Employees |
2,156 |
1,978 |
2,006 |
1,888 |
1,887 |
|
Number of Common Shareholders |
654 |
523 |
486 |
339 |
186 |
|
Long Term Debt Maturing within 1 Year |
- |
47.3 |
103.2 |
154.9 |
101.1 |
|
Long Term Debt Maturing in Year 2 |
- |
128.8 |
45.8 |
138.9 |
155.9 |
|
Long Term Debt Maturing in Year 3 |
- |
214.7 |
111.2 |
21.4 |
107.5 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
64.1 |
- |
|
Long Term Debt - Remaining Maturities |
- |
- |
- |
- |
64.5 |
|
Total Long Term Debt, Supplemental |
- |
390.8 |
260.2 |
379.3 |
429.0 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Depreciation |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Amortization-Intangible Assets |
13.6 |
10.3 |
10.4 |
10.8 |
8.4 |
|
Provision-Doubtful Account |
9.5 |
1.4 |
24.0 |
1.4 |
2.1 |
|
Recovery-Provision Doubtful Account |
- |
- |
- |
- |
0.0 |
|
Expenses of Allowance for Other Doubtful |
2.0 |
9.8 |
14.2 |
0.5 |
- |
|
Provision-Retirement Allowance |
13.6 |
10.7 |
9.6 |
12.6 |
12.4 |
|
Accrued Interest Expense |
0.7 |
0.4 |
0.2 |
0.3 |
0.5 |
|
Sales Guarantee Expense |
1.8 |
2.0 |
5.9 |
6.9 |
9.0 |
|
Loss-Foreign Currency Translation |
3.8 |
8.0 |
21.0 |
0.8 |
2.8 |
|
Loss-Disposal of Trade Receivable |
11.5 |
8.0 |
14.7 |
14.6 |
9.8 |
|
Loss-Reduct. of Sec. Available-for-Sale |
- |
0.2 |
- |
- |
0.5 |
|
Loss-Disposal of Sec. Available-for-Sale |
- |
- |
0.0 |
- |
0.0 |
|
Recovery-Sec. Avail-for-Sale Reduction |
- |
- |
- |
0.0 |
0.0 |
|
Impairment Losses on Equity Method Secur |
1.6 |
- |
- |
- |
- |
|
Provision-Inventory Valuation Loss |
0.3 |
- |
- |
- |
- |
|
Loss-Currency Forwards Transaction |
1.8 |
2.4 |
28.6 |
3.3 |
0.1 |
|
Loss-Valuation of Derivatives |
0.3 |
2.2 |
4.1 |
1.6 |
0.3 |
|
Loss-Disposal of Tangible Assets |
1.5 |
1.6 |
1.4 |
1.1 |
3.0 |
|
Impairment Losses on Intangible Assets |
- |
0.2 |
0.5 |
0.2 |
- |
|
Loss under Equity Method |
6.8 |
10.3 |
2.0 |
10.3 |
7.1 |
|
Provision-Sales Guarantee |
0.6 |
0.7 |
0.3 |
5.0 |
1.6 |
|
Gain-Valuation of Currency Futures |
-1.1 |
-2.9 |
-10.3 |
- |
-0.4 |
|
Gain-Currency Forwards Transaction |
-5.6 |
-18.4 |
-0.9 |
-0.8 |
-3.3 |
|
Gain-Other Investment Assets Disposal |
- |
- |
-5.0 |
- |
0.0 |
|
Gains on Sale of Equity Method Securitie |
-6.3 |
- |
- |
- |
- |
|
Gain-Disposal of Tangible Assets |
-0.1 |
-1.8 |
0.0 |
-0.1 |
-0.1 |
|
Dividend Income under Equity Method |
- |
- |
- |
3.2 |
- |
|
Recovery-Sales Guarantee Reserve |
- |
-0.7 |
-0.1 |
- |
- |
|
Interest Income |
-0.3 |
-0.2 |
0.0 |
-0.5 |
- |
|
Income from Installments |
-0.1 |
- |
- |
- |
-0.5 |
|
Gain under Equity Method |
-55.8 |
-12.8 |
-20.4 |
-8.0 |
-8.6 |
|
Gain-Foreign Currency Translation |
-0.7 |
-3.4 |
-19.5 |
-1.4 |
-2.5 |
|
Recovery-Inventory Valuation Loss |
-0.2 |
-6.9 |
8.9 |
0.8 |
0.3 |
|
Trade Receivable |
-176.2 |
20.1 |
34.3 |
-57.1 |
-219.6 |
|
LT Trade Receivable |
- |
- |
- |
- |
-4.1 |
|
LT Account Receivable |
- |
-0.5 |
- |
- |
- |
|
Account Receivable |
-1.2 |
-14.4 |
-31.8 |
10.3 |
4.7 |
|
Prepaid Expense |
-0.1 |
0.7 |
1.4 |
-1.0 |
0.5 |
|
Advanced Payment |
4.6 |
0.5 |
2.2 |
6.5 |
-5.9 |
|
Prepaid Taxes |
- |
- |
0.9 |
-1.1 |
- |
|
LT Prepaid Expense |
1.9 |
0.4 |
-0.8 |
1.4 |
-0.1 |
|
Accrued Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inventory |
-113.8 |
-9.0 |
-37.5 |
-19.3 |
-12.3 |
|
Derivatives in Assets |
10.8 |
21.6 |
0.9 |
-2.9 |
3.9 |
|
Deferred Income Tax Debit, Current |
-2.5 |
-1.5 |
-9.8 |
0.4 |
0.0 |
|
Deferred Income Tax Debit |
- |
- |
7.0 |
-2.8 |
-1.4 |
|
Trade Payable |
250.7 |
69.6 |
85.5 |
-84.0 |
179.9 |
|
Account Payable |
37.5 |
-90.7 |
-33.2 |
125.4 |
61.7 |
|
Advance Received |
-4.6 |
5.1 |
21.1 |
-3.6 |
-19.6 |
|
Deposit Withheld |
2.7 |
-0.9 |
-0.1 |
0.2 |
1.9 |
|
Accrued Expense |
4.3 |
0.4 |
0.4 |
0.3 |
1.0 |
|
Accrued Income Taxes |
5.6 |
1.8 |
-6.9 |
-0.5 |
7.9 |
|
Increase or Decrease in Derivative Liabi |
-0.1 |
-5.7 |
-30.0 |
0.5 |
- |
|
Deferred Income Tax Credit, A/L |
6.1 |
1.7 |
0.7 |
- |
- |
|
Reserve-Sales Guarantee |
- |
-2.0 |
-5.9 |
-6.4 |
-8.0 |
|
Payment-Retirement Bonus |
-7.1 |
-4.2 |
-9.0 |
-5.8 |
-5.5 |
|
Deposit-Retirement Insurance |
-1.5 |
-9.9 |
5.1 |
-5.6 |
-7.9 |
|
Reserve-National Pension |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Cash from Operating Activities |
175.7 |
99.6 |
163.0 |
105.5 |
120.2 |
|
|
|
|
|
|
|
|
Decrease-LT Loans |
0.1 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Decrease-Guarantee Deposit |
2.3 |
1.5 |
- |
- |
- |
|
Decrease-ST Financial Assets |
4.7 |
39.0 |
- |
- |
109.0 |
|
Proceeds from Sale of Long-term Financia |
- |
- |
0.0 |
0.0 |
- |
|
Disposal-Securities Available-for-Sale |
3.9 |
- |
0.0 |
0.0 |
0.5 |
|
Proceeds from Sale of Equity Method Secu |
6.3 |
- |
- |
- |
- |
|
Dividend Income, IP |
10.6 |
- |
- |
- |
- |
|
Disposal-Securities under Equity Method |
- |
- |
14.5 |
- |
- |
|
Disposal-Land |
- |
8.0 |
0.2 |
- |
0.0 |
|
Disposal-Buildings |
- |
0.0 |
0.4 |
- |
0.2 |
|
Disposal-Machinery & Equipments |
0.3 |
1.4 |
1.2 |
0.6 |
2.0 |
|
Disposal-Transportation |
0.1 |
0.1 |
0.0 |
- |
0.1 |
|
Disposal-Tools & Supplies |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Proceeds from Sale of Office Equipment |
- |
0.1 |
- |
0.0 |
- |
|
Disposal-Construction in Progress |
- |
- |
1.8 |
- |
- |
|
Increase-Government Subsidy |
0.8 |
1.4 |
1.9 |
1.2 |
1.2 |
|
Disposal-Other Tangible Assets |
- |
0.0 |
- |
- |
- |
|
Disposal-Trees |
0.0 |
- |
- |
- |
- |
|
Increase-Rent Deposit |
0.1 |
0.0 |
- |
- |
0.1 |
|
Increase-LT Loans |
-0.1 |
-0.1 |
0.0 |
- |
-0.1 |
|
Increase-Guarantee Deposit |
-2.6 |
-2.7 |
-3.3 |
-2.4 |
-7.5 |
|
Increase-Guarantee Deposit Received |
- |
- |
- |
0.5 |
0.0 |
|
Increase-ST Financial Assets |
- |
- |
-49.5 |
- |
-108.4 |
|
Increase-LT Financial Assets |
- |
0.0 |
-0.1 |
- |
- |
|
Increase-Securities under Equity Method |
-22.4 |
-43.8 |
-35.4 |
-20.2 |
-31.3 |
|
Increase-Securities Available-for-Sale |
-5.2 |
- |
- |
- |
-3.8 |
|
Increase-Land |
-0.2 |
0.0 |
-3.5 |
0.0 |
-26.5 |
|
Increase-Buildings |
-13.4 |
-3.9 |
-7.9 |
-3.9 |
-16.0 |
|
Increase-Structure |
-1.2 |
-0.4 |
-0.2 |
-0.4 |
-0.6 |
|
Increase-Tools & Supplies |
-12.2 |
-5.5 |
-6.8 |
-3.7 |
-8.4 |
|
Increase-Machinery & Equipment |
-35.5 |
-14.5 |
-18.1 |
-16.8 |
-11.9 |
|
Increase-Fixtures |
-4.7 |
-3.6 |
-2.1 |
-2.1 |
-2.2 |
|
Increase-Transportation |
-0.5 |
-0.3 |
-0.2 |
0.0 |
-0.4 |
|
Increase-Trees |
-0.1 |
- |
-0.1 |
-0.1 |
-0.2 |
|
Increase-Construction Progress |
-29.6 |
-47.3 |
-6.7 |
-17.4 |
-18.5 |
|
Decrease-Government Subsidy |
-0.3 |
- |
0.0 |
-0.1 |
0.0 |
|
Increase-Other Tangible Assets |
-2.5 |
-2.4 |
-0.9 |
-2.3 |
-3.5 |
|
Increase-Industrial Property Right |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase-Development Cost |
-16.7 |
-13.1 |
-16.1 |
-17.9 |
-14.2 |
|
Increase-Other Intangible Assets |
-5.1 |
-1.6 |
-1.1 |
-2.2 |
-1.8 |
|
Decrease-Guarantee Deposit |
- |
- |
-0.3 |
2.4 |
1.1 |
|
Decrease-Guarantee Deposit for Lease |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Increase-Guarantee Deposit Received |
- |
- |
- |
- |
0.0 |
|
Cash from Investing Activities |
-123.2 |
-87.7 |
-132.2 |
-84.8 |
-141.0 |
|
|
|
|
|
|
|
|
Increase-LT Borrowings |
- |
- |
34.3 |
- |
- |
|
Increase-Bond |
111.9 |
202.7 |
72.7 |
53.8 |
166.7 |
|
Increase-ST Borrowings |
293.1 |
646.1 |
1,172.6 |
1,574.2 |
2,162.3 |
|
Decrease-ST Borrowings |
-371.6 |
-764.1 |
-1,133.7 |
-1,531.1 |
-2,245.5 |
|
Dec-Current Portion of LT Liabilities |
-47.6 |
-101.9 |
-131.8 |
-101.2 |
-37.6 |
|
Increase-LT Accrued Payment |
- |
- |
- |
- |
0.6 |
|
Decrease-LT Accrued Payment |
-0.4 |
-0.4 |
-0.5 |
- |
-0.4 |
|
Cash from Financing Activities |
-14.7 |
-17.6 |
13.6 |
-4.3 |
46.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
37.9 |
-5.7 |
44.4 |
16.4 |
25.2 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
77.5 |
76.0 |
43.7 |
35.3 |
9.2 |
|
Net Cash Ending Balance |
115.4 |
70.2 |
88.1 |
51.8 |
34.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
Key Indicators USD (mil) |
||||||
|
 |
Quarter |
Quarter |
Annual |
1 Year |
3 Year |
5 Year |
|
Total Revenue1 |
1,171.5 |
57.67% |
3,835.5 |
42.22% |
10.32% |
14.43% |
|
Research & Development1 |
- |
- |
5.9 |
9.18% |
15.89% |
58.38% |
|
Operating Income1 |
48.9 |
137.45% |
113.9 |
7.41% |
4.91% |
5.38% |
|
Income Available to Common Excl Extraord Items1 |
34.8 |
- |
118.2 |
76.96% |
46.71% |
16.76% |
|
Basic EPS Excl Extraord Items1 |
1.47 |
- |
5.44 |
76.96% |
46.71% |
16.22% |
|
Capital Expenditures2 |
27.5 |
30.39% |
122.0 |
19.16% |
31.34% |
2.43% |
|
Cash from Operating Activities2 |
-158.7 |
- |
175.7 |
59.92% |
27.49% |
35.75% |
|
Free Cash Flow |
-190.1 |
- |
54.8 |
614.46% |
20.19% |
- |
|
Total Assets3 |
2,901.7 |
33.85% |
2,477.5 |
19.96% |
13.90% |
13.36% |
|
Total Liabilities3 |
1,805.2 |
27.83% |
1,642.3 |
22.56% |
9.56% |
10.93% |
|
Total Long Term Debt3 |
309.0 |
-27.62% |
333.7 |
-4.98% |
21.89% |
9.63% |
|
Employees3 |
- |
- |
2156 |
9.00% |
4.52% |
2.93% |
|
Total Common Shares Outstanding3 |
25.7 |
18.41% |
21.7 |
0.00% |
0.00% |
0.00% |
|
1-ExchangeRate: KRW to USD Average for Period |
1120.289560 |
 |
1156.281981 |
 |
 |
 |
|
2-ExchangeRate: KRW to USD Average for Period |
1120.289560 |
 |
1156.281981 |
 |
 |
 |
|
3-ExchangeRate: KRW to USD Period End Date |
1096.950000 |
 |
1134.900000 |
 |
 |
 |
|
Key Ratios |
|||||
|
 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Profitability |
|||||
|
Gross Margin |
6.93% |
8.71% |
8.24% |
6.63% |
7.62% |
|
Operating Margin |
2.97% |
3.93% |
3.54% |
3.45% |
4.09% |
|
Pretax Margin |
3.78% |
3.06% |
1.91% |
2.09% |
3.06% |
|
Net Profit Margin |
3.08% |
2.48% |
1.46% |
1.31% |
2.37% |
|
Financial Strength |
|||||
|
Current Ratio |
1.11 |
1.17 |
1.00 |
1.01 |
1.08 |
|
Long Term Debt/Equity |
0.40 |
0.48 |
0.26 |
0.43 |
0.69 |
|
Total Debt/Equity |
0.60 |
0.71 |
0.81 |
1.21 |
1.33 |
|
Management Effectiveness |
|||||
|
Return on Assets |
5.30% |
3.30% |
2.19% |
2.33% |
3.70% |
|
Return on Equity |
15.43% |
9.78% |
7.47% |
9.33% |
14.72% |
|
Efficiency |
|||||
|
Receivables Turnover |
5.35 |
4.08 |
3.93 |
4.01 |
3.65 |
|
Inventory Turnover |
9.68 |
8.06 |
8.89 |
9.98 |
8.00 |
|
Asset Turnover |
1.72 |
1.33 |
1.51 |
1.77 |
1.56 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
3,835.5 |
2,443.0 |
2,895.4 |
3,554.4 |
2,714.5 |
|
Revenue |
3,835.5 |
2,443.0 |
2,895.4 |
3,554.4 |
2,714.5 |
|
Total Revenue |
3,835.5 |
2,443.0 |
2,895.4 |
3,554.4 |
2,714.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
3,569.6 |
2,230.3 |
2,656.8 |
3,318.7 |
2,507.5 |
|
Cost of Revenue, Total |
3,569.6 |
2,230.3 |
2,656.8 |
3,318.7 |
2,507.5 |
|
Gross Profit |
265.9 |
212.7 |
238.5 |
235.7 |
207.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
81.5 |
66.2 |
78.1 |
53.7 |
47.2 |
|
Labor & Related Expense |
38.7 |
29.6 |
29.7 |
31.1 |
26.5 |
|
Advertising Expense |
21.9 |
12.5 |
19.3 |
17.9 |
14.4 |
|
Total Selling/General/Administrative Expenses |
142.1 |
108.2 |
127.0 |
102.8 |
88.2 |
|
Research & Development |
5.9 |
4.9 |
4.4 |
4.7 |
2.5 |
|
Depreciation |
0.9 |
0.9 |
1.0 |
1.2 |
1.1 |
|
Amortization of Intangibles |
3.2 |
2.6 |
3.6 |
4.2 |
4.1 |
|
Depreciation/Amortization |
4.0 |
3.5 |
4.7 |
5.4 |
5.2 |
|
Total Operating Expense |
3,721.6 |
2,346.9 |
2,792.9 |
3,431.6 |
2,603.4 |
|
|
|
|
|
|
|
|
Operating Income |
113.9 |
96.1 |
102.5 |
122.8 |
111.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-34.0 |
-36.5 |
-38.5 |
-40.1 |
-37.7 |
|
Interest Expense, Net Non-Operating |
-34.0 |
-36.5 |
-38.5 |
-40.1 |
-37.7 |
|
Interest Income -
Non-Operating |
5.7 |
2.5 |
4.3 |
4.0 |
2.4 |
|
Investment Income -
Non-Operating |
53.1 |
20.2 |
-3.3 |
-6.5 |
9.6 |
|
Interest/Investment Income - Non-Operating |
58.7 |
22.7 |
1.0 |
-2.5 |
12.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
24.7 |
-13.7 |
-37.5 |
-42.7 |
-25.7 |
|
Gain (Loss) on Sale of Assets |
-1.4 |
0.2 |
-1.4 |
-1.1 |
-2.8 |
|
Other Non-Operating Income (Expense) |
7.8 |
-7.8 |
-8.1 |
-4.7 |
0.6 |
|
Other, Net |
7.8 |
-7.8 |
-8.1 |
-4.7 |
0.6 |
|
Income Before Tax |
145.0 |
74.7 |
55.4 |
74.3 |
83.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
26.8 |
14.2 |
13.3 |
27.7 |
18.8 |
|
Income After Tax |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Basic EPS Excl Extraord Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Basic/Primary EPS Incl Extraord Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Dilution Adjustment |
- |
- |
- |
- |
0.0 |
|
Diluted Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Diluted Weighted Average Shares |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Diluted EPS Excl Extraord Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Diluted EPS Incl Extraord Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
34.0 |
36.5 |
38.5 |
40.1 |
37.7 |
|
Depreciation, Supplemental |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Total Special Items |
1.4 |
0.0 |
2.4 |
2.6 |
4.4 |
|
Normalized Income Before Tax |
146.4 |
74.6 |
57.8 |
76.9 |
87.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.3 |
0.0 |
0.3 |
0.4 |
0.6 |
|
Inc Tax Ex Impact of Sp Items |
27.1 |
14.2 |
13.6 |
28.1 |
19.4 |
|
Normalized Income After Tax |
119.3 |
60.5 |
44.2 |
48.7 |
68.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
119.3 |
60.5 |
44.2 |
48.7 |
68.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
5.49 |
2.78 |
2.03 |
2.24 |
3.13 |
|
Diluted Normalized EPS |
5.49 |
2.78 |
2.03 |
2.24 |
3.13 |
|
Amort of Acquisition Costs, Supplemental |
- |
0.1 |
0.9 |
1.5 |
1.5 |
|
Amort of Intangibles, Supplemental |
13.6 |
10.1 |
9.5 |
9.3 |
6.9 |
|
Rental Expenses |
0.6 |
0.5 |
0.5 |
0.8 |
0.8 |
|
Advertising Expense, Supplemental |
21.9 |
12.5 |
19.3 |
17.9 |
14.4 |
|
Research & Development Exp, Supplemental |
5.9 |
4.9 |
4.4 |
4.7 |
2.5 |
|
Normalized EBIT |
113.9 |
96.1 |
102.5 |
122.8 |
111.1 |
|
Normalized EBITDA |
169.1 |
141.1 |
149.6 |
174.9 |
155.7 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated
Calculated |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1120.28956 |
1132.465591 |
1183.132366 |
1164.000484 |
1145.278736 |
|
|
|
|
|
|
|
|
Net Sales |
1,171.5 |
1,258.9 |
931.6 |
923.2 |
726.8 |
|
Revenue |
1,171.5 |
1,258.9 |
931.6 |
923.2 |
726.8 |
|
Total Revenue |
1,171.5 |
1,258.9 |
931.6 |
923.2 |
726.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,086.6 |
1,169.8 |
874.4 |
877.0 |
674.5 |
|
Cost of Revenue, Total |
1,086.6 |
1,169.8 |
874.4 |
877.0 |
674.5 |
|
Gross Profit |
84.9 |
89.1 |
57.2 |
46.2 |
52.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
38.8 |
28.9 |
19.5 |
19.7 |
31.0 |
|
Labor & Related Expense |
- |
2.1 |
2.3 |
2.1 |
- |
|
Advertising Expense |
- |
6.6 |
5.3 |
5.2 |
- |
|
Total Selling/General/Administrative Expenses |
38.8 |
37.5 |
27.1 |
26.9 |
31.0 |
|
Research & Development |
- |
1.1 |
1.6 |
1.5 |
- |
|
Depreciation |
- |
0.2 |
0.2 |
0.2 |
- |
|
Amortization of Intangibles |
- |
0.9 |
0.8 |
0.8 |
- |
|
Depreciation/Amortization |
- |
1.1 |
1.0 |
1.0 |
- |
|
Other Operating Expense |
9.0 |
- |
- |
- |
11.2 |
|
Other, Net |
-11.7 |
- |
- |
- |
-10.1 |
|
Other Operating Expenses, Total |
-2.7 |
- |
- |
- |
1.2 |
|
Total Operating Expense |
1,122.7 |
1,209.4 |
904.2 |
906.5 |
706.7 |
|
|
|
|
|
|
|
|
Operating Income |
48.9 |
49.5 |
27.4 |
16.7 |
20.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-8.7 |
-8.5 |
-8.4 |
-8.6 |
-12.3 |
|
Interest Expense, Net Non-Operating |
-8.7 |
-8.5 |
-8.4 |
-8.6 |
-12.3 |
|
Interest Income -
Non-Operating |
1.1 |
3.4 |
0.7 |
1.0 |
0.4 |
|
Investment Income -
Non-Operating |
- |
11.1 |
9.2 |
25.0 |
-9.6 |
|
Interest/Investment Income - Non-Operating |
1.1 |
14.4 |
9.9 |
26.0 |
-9.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
-7.5 |
5.9 |
1.5 |
17.4 |
-21.5 |
|
Gain (Loss) on Sale of Assets |
- |
0.0 |
0.0 |
-0.3 |
- |
|
Other Non-Operating Income (Expense) |
- |
3.0 |
1.8 |
6.4 |
- |
|
Other, Net |
- |
3.0 |
1.8 |
6.4 |
- |
|
Income Before Tax |
41.4 |
58.4 |
30.6 |
40.2 |
-1.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
6.6 |
5.7 |
10.4 |
6.7 |
-0.6 |
|
Income After Tax |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
Net Income |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
23.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Basic EPS Excl Extraord Items |
1.47 |
2.42 |
0.93 |
1.54 |
-0.03 |
|
Basic/Primary EPS Incl Extraord Items |
1.47 |
2.42 |
0.93 |
1.54 |
-0.03 |
|
Dilution Adjustment |
- |
- |
- |
- |
0.0 |
|
Diluted Net Income |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
Diluted Weighted Average Shares |
23.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Diluted EPS Excl Extraord Items |
1.47 |
2.42 |
0.93 |
1.54 |
-0.03 |
|
Diluted EPS Incl Extraord Items |
1.47 |
2.42 |
0.93 |
1.54 |
-0.03 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
8.7 |
8.5 |
8.4 |
8.6 |
12.3 |
|
Depreciation, Supplemental |
12.2 |
11.4 |
10.1 |
10.0 |
10.0 |
|
Total Special Items |
- |
0.0 |
0.0 |
0.3 |
- |
|
Normalized Income Before Tax |
41.4 |
58.4 |
30.7 |
40.5 |
-1.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
- |
0.0 |
0.0 |
0.1 |
- |
|
Inc Tax Ex Impact of Sp Items |
6.6 |
5.7 |
10.4 |
6.8 |
-0.6 |
|
Normalized Income After Tax |
34.8 |
52.7 |
20.3 |
33.7 |
-0.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
34.8 |
52.7 |
20.3 |
33.7 |
-0.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.47 |
2.42 |
0.93 |
1.55 |
-0.03 |
|
Diluted Normalized EPS |
1.47 |
2.42 |
0.93 |
1.55 |
-0.03 |
|
Amort of Intangibles, Supplemental |
3.8 |
3.5 |
3.5 |
3.3 |
3.8 |
|
Rental Expenses |
- |
0.1 |
0.1 |
0.1 |
- |
|
Advertising Expense, Supplemental |
- |
6.6 |
5.3 |
5.2 |
- |
|
Research & Development Exp, Supplemental |
- |
1.1 |
1.6 |
1.5 |
- |
|
Normalized EBIT |
48.9 |
49.5 |
27.4 |
16.7 |
20.1 |
|
Normalized EBITDA |
64.9 |
64.4 |
41.1 |
30.0 |
34.0 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
117.5 |
76.5 |
76.5 |
51.3 |
35.2 |
|
Short Term Investments |
1.8 |
8.5 |
43.8 |
- |
- |
|
Cash and Short Term Investments |
119.3 |
85.0 |
120.3 |
51.3 |
35.2 |
|
Accounts Receivable -
Trade, Gross |
792.9 |
616.9 |
623.5 |
890.7 |
848.7 |
|
Provision for Doubtful
Accounts |
-20.0 |
-10.8 |
-38.7 |
-6.9 |
-5.3 |
|
Trade Accounts Receivable - Net |
773.0 |
606.1 |
584.8 |
883.8 |
843.5 |
|
Other Receivables |
34.0 |
31.9 |
37.4 |
12.9 |
23.8 |
|
Total Receivables, Net |
807.0 |
638.0 |
622.2 |
896.8 |
867.3 |
|
Inventories - Finished Goods |
52.9 |
27.0 |
39.2 |
54.2 |
40.2 |
|
Inventories - Work In Progress |
163.2 |
94.3 |
83.7 |
90.8 |
112.0 |
|
Inventories - Raw Materials |
147.8 |
113.7 |
106.8 |
129.2 |
133.8 |
|
Inventories - Other |
67.3 |
76.9 |
43.0 |
61.8 |
40.0 |
|
Total Inventory |
431.2 |
312.0 |
272.7 |
335.9 |
326.1 |
|
Prepaid Expenses |
0.7 |
0.6 |
1.3 |
2.8 |
0.7 |
|
Deferred Income Tax - Current Asset |
14.3 |
11.4 |
9.0 |
0.6 |
1.0 |
|
Other Current Assets |
1.0 |
6.5 |
8.5 |
- |
0.4 |
|
Other Current Assets, Total |
15.2 |
17.9 |
17.5 |
0.6 |
1.4 |
|
Total Current Assets |
1,373.5 |
1,053.5 |
1,034.0 |
1,287.4 |
1,230.7 |
|
|
|
|
|
|
|
|
Buildings |
147.6 |
126.3 |
111.2 |
134.9 |
114.0 |
|
Land/Improvements |
282.8 |
275.4 |
262.7 |
133.7 |
134.5 |
|
Machinery/Equipment |
506.7 |
400.1 |
348.8 |
433.0 |
404.7 |
|
Construction in
Progress |
32.6 |
53.3 |
6.8 |
20.4 |
36.2 |
|
Other
Property/Plant/Equipment |
18.6 |
14.2 |
10.8 |
13.3 |
8.1 |
|
Property/Plant/Equipment - Gross |
988.2 |
869.3 |
740.2 |
735.3 |
697.5 |
|
Accumulated Depreciation |
-270.3 |
-225.8 |
-179.4 |
-202.3 |
-164.8 |
|
Property/Plant/Equipment - Net |
717.9 |
643.5 |
560.8 |
533.0 |
532.8 |
|
Goodwill, Net |
- |
- |
0.1 |
1.3 |
2.8 |
|
Intangibles, Net |
71.5 |
62.3 |
54.1 |
65.3 |
55.9 |
|
LT Investment - Affiliate Companies |
282.4 |
224.9 |
172.2 |
102.9 |
90.0 |
|
LT Investments - Other |
11.2 |
5.9 |
9.2 |
12.4 |
11.6 |
|
Long Term Investments |
293.6 |
230.8 |
181.5 |
115.3 |
101.6 |
|
Note Receivable - Long Term |
0.1 |
0.7 |
0.6 |
1.0 |
4.3 |
|
Other Long Term Assets |
21.0 |
22.0 |
19.3 |
29.4 |
28.3 |
|
Other Long Term Assets, Total |
21.0 |
22.0 |
19.3 |
29.4 |
28.3 |
|
Total Assets |
2,477.5 |
2,012.8 |
1,850.5 |
2,032.6 |
1,956.4 |
|
|
|
|
|
|
|
|
Accounts Payable |
833.2 |
563.1 |
450.7 |
509.5 |
596.6 |
|
Accrued Expenses |
8.8 |
4.4 |
3.6 |
4.4 |
4.2 |
|
Notes Payable/Short Term Debt |
38.9 |
115.3 |
226.3 |
247.4 |
205.4 |
|
Current Portion - Long Term Debt/Capital Leases |
132.2 |
47.3 |
103.2 |
154.9 |
101.1 |
|
Customer Advances |
26.0 |
30.0 |
22.6 |
5.5 |
9.2 |
|
Security Deposits |
0.1 |
0.1 |
0.1 |
0.6 |
0.1 |
|
Income Taxes Payable |
16.1 |
10.0 |
7.5 |
18.2 |
18.8 |
|
Other Payables |
170.6 |
128.5 |
210.6 |
322.4 |
199.2 |
|
Other Current Liabilities |
7.7 |
4.4 |
8.6 |
8.4 |
6.5 |
|
Other Current liabilities, Total |
220.6 |
173.0 |
249.4 |
355.1 |
233.9 |
|
Total Current Liabilities |
1,233.7 |
903.0 |
1,033.3 |
1,271.4 |
1,141.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
333.7 |
342.3 |
156.4 |
223.4 |
326.7 |
|
Total Long Term Debt |
333.7 |
342.3 |
156.4 |
223.4 |
326.7 |
|
Total Debt |
504.8 |
504.8 |
486.0 |
625.8 |
633.2 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
50.6 |
43.0 |
40.8 |
- |
- |
|
Deferred Income Tax |
50.6 |
43.0 |
40.8 |
- |
- |
|
Reserves |
10.4 |
8.6 |
7.7 |
10.3 |
5.2 |
|
Pension Benefits - Underfunded |
12.6 |
7.4 |
10.3 |
7.0 |
5.9 |
|
Other Long Term Liabilities |
1.2 |
1.6 |
1.5 |
1.9 |
1.6 |
|
Other Liabilities, Total |
24.3 |
17.6 |
19.5 |
19.2 |
12.7 |
|
Total Liabilities |
1,642.3 |
1,306.0 |
1,250.1 |
1,514.0 |
1,480.6 |
|
|
|
|
|
|
|
|
Common Stock |
95.7 |
93.3 |
86.3 |
116.1 |
116.8 |
|
Common Stock |
95.7 |
93.3 |
86.3 |
116.1 |
116.8 |
|
Additional Paid-In Capital |
4.5 |
13.1 |
12.1 |
5.5 |
5.5 |
|
Retained Earnings (Accumulated Deficit) |
567.2 |
435.4 |
341.2 |
407.8 |
370.1 |
|
Unrealized Gain (Loss) |
167.8 |
165.3 |
161.3 |
-10.7 |
-16.6 |
|
Other Comprehensive Income |
- |
-0.3 |
-0.4 |
- |
- |
|
Other Equity, Total |
- |
-0.3 |
-0.4 |
- |
- |
|
Total Equity |
835.2 |
706.8 |
600.4 |
518.6 |
475.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,477.5 |
2,012.8 |
1,850.5 |
2,032.6 |
1,956.4 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Total Common Shares Outstanding |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,156 |
1,978 |
2,006 |
1,888 |
1,887 |
|
Number of Common Shareholders |
654 |
523 |
486 |
339 |
186 |
|
Accumulated Goodwill Amortization Suppl. |
- |
4.4 |
4.0 |
6.5 |
5.1 |
|
Accumulated Intangible Amort, Suppl. |
57.0 |
42.0 |
28.4 |
25.5 |
13.9 |
|
Deferred Revenue - Current |
26.0 |
30.0 |
22.6 |
5.5 |
9.2 |
|
Total Long Term Debt, Supplemental |
- |
390.8 |
260.2 |
379.3 |
429.0 |
|
Long Term Debt Maturing within 1 Year |
- |
47.3 |
103.2 |
154.9 |
101.1 |
|
Long Term Debt Maturing in Year 2 |
- |
128.8 |
45.8 |
138.9 |
155.9 |
|
Long Term Debt Maturing in Year 3 |
- |
214.7 |
111.2 |
21.4 |
107.5 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
64.1 |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
343.5 |
157.0 |
160.2 |
263.4 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
- |
64.1 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
0.0 |
0.0 |
0.0 |
64.5 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1096.95 |
1134.9 |
1140.25 |
1221.965 |
1131.45 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
122.9 |
117.6 |
45.8 |
91.8 |
87.0 |
|
Short Term Investments |
3.9 |
2.4 |
5.8 |
5.4 |
4.0 |
|
Cash and Short Term Investments |
126.8 |
119.9 |
51.6 |
97.2 |
91.0 |
|
Accounts Receivable -
Trade, Gross |
991.0 |
769.3 |
728.9 |
626.4 |
621.3 |
|
Provision for Doubtful
Accounts |
-14.2 |
-15.4 |
-17.3 |
-13.5 |
-14.6 |
|
Trade Accounts Receivable - Net |
976.8 |
754.0 |
711.7 |
613.0 |
606.8 |
|
Other Receivables |
61.8 |
38.3 |
32.5 |
28.4 |
33.5 |
|
Total Receivables, Net |
1,038.6 |
792.3 |
744.2 |
641.3 |
640.3 |
|
Inventories - Finished Goods |
135.8 |
118.3 |
101.2 |
100.9 |
103.7 |
|
Inventories - Work In Progress |
158.7 |
163.2 |
147.8 |
109.5 |
115.9 |
|
Inventories - Raw Materials |
163.4 |
147.4 |
153.1 |
127.8 |
128.0 |
|
Inventories - Other |
0.1 |
0.0 |
2.0 |
2.8 |
3.1 |
|
Total Inventory |
458.0 |
428.9 |
404.1 |
341.0 |
350.7 |
|
Prepaid Expenses |
- |
- |
2.0 |
1.7 |
3.1 |
|
Deferred Income Tax - Current Asset |
- |
- |
12.6 |
11.7 |
11.8 |
|
Other Current Assets |
165.8 |
154.2 |
2.7 |
0.7 |
6.0 |
|
Other Current Assets, Total |
165.8 |
154.2 |
15.3 |
12.4 |
17.8 |
|
Total Current Assets |
1,789.3 |
1,495.3 |
1,217.1 |
1,093.6 |
1,102.8 |
|
|
|
|
|
|
|
|
Buildings |
152.6 |
147.6 |
143.0 |
132.1 |
131.2 |
|
Land/Improvements |
291.2 |
281.4 |
281.3 |
262.4 |
283.4 |
|
Machinery/Equipment |
527.3 |
506.7 |
425.9 |
389.2 |
410.9 |
|
Construction in
Progress |
52.2 |
32.0 |
72.3 |
59.1 |
67.6 |
|
Other Property/Plant/Equipment |
20.8 |
20.0 |
16.2 |
13.6 |
14.7 |
|
Property/Plant/Equipment - Gross |
1,044.2 |
987.7 |
938.7 |
856.3 |
907.7 |
|
Accumulated Depreciation |
-292.0 |
-270.3 |
-257.8 |
-230.9 |
-239.5 |
|
Property/Plant/Equipment - Net |
752.2 |
717.4 |
681.0 |
625.4 |
668.2 |
|
Intangibles, Net |
90.9 |
86.2 |
64.8 |
60.2 |
64.1 |
|
LT Investment - Affiliate Companies |
226.2 |
218.6 |
271.8 |
240.8 |
235.4 |
|
LT Investments - Other |
27.2 |
26.5 |
6.1 |
6.7 |
8.6 |
|
Long Term Investments |
253.4 |
245.1 |
277.9 |
247.5 |
244.0 |
|
Note Receivable - Long Term |
9.2 |
11.9 |
0.1 |
0.2 |
0.6 |
|
Other Long Term Assets |
6.7 |
6.4 |
21.0 |
18.8 |
22.1 |
|
Other Long Term Assets, Total |
6.7 |
6.4 |
21.0 |
18.8 |
22.1 |
|
Total Assets |
2,901.7 |
2,562.4 |
2,261.9 |
2,045.8 |
2,101.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,085.5 |
1,017.1 |
673.6 |
589.8 |
565.9 |
|
Accrued Expenses |
- |
- |
24.3 |
16.4 |
12.7 |
|
Notes Payable/Short Term Debt |
82.8 |
107.1 |
65.2 |
39.4 |
66.0 |
|
Current Portion - Long Term Debt/Capital Leases |
145.9 |
132.2 |
78.9 |
40.9 |
74.2 |
|
Customer Advances |
- |
- |
38.7 |
43.8 |
22.1 |
|
Security Deposits |
- |
- |
0.1 |
0.1 |
0.1 |
|
Income Taxes Payable |
14.2 |
16.1 |
12.4 |
6.4 |
9.9 |
|
Other Payables |
- |
- |
101.0 |
107.0 |
134.1 |
|
Other Current Liabilities |
101.5 |
94.9 |
5.3 |
6.5 |
3.5 |
|
Other Current liabilities, Total |
115.7 |
111.0 |
157.5 |
163.8 |
169.7 |
|
Total Current Liabilities |
1,429.9 |
1,367.3 |
999.5 |
850.3 |
888.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
309.0 |
333.7 |
402.1 |
407.8 |
413.9 |
|
Total Long Term Debt |
309.0 |
333.7 |
402.1 |
407.8 |
413.9 |
|
Total Debt |
537.7 |
573.0 |
546.2 |
488.1 |
554.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
31.9 |
29.1 |
48.7 |
45.4 |
44.3 |
|
Deferred Income Tax |
31.9 |
29.1 |
48.7 |
45.4 |
44.3 |
|
Reserves |
11.3 |
13.6 |
9.1 |
8.5 |
8.9 |
|
Pension Benefits - Underfunded |
17.0 |
13.1 |
16.6 |
12.4 |
11.9 |
|
Other Long Term Liabilities |
5.9 |
5.7 |
1.3 |
1.2 |
1.8 |
|
Other Liabilities, Total |
34.3 |
32.3 |
26.9 |
22.1 |
22.5 |
|
Total Liabilities |
1,805.2 |
1,762.4 |
1,477.2 |
1,325.6 |
1,369.1 |
|
|
|
|
|
|
|
|
Common Stock |
117.3 |
95.7 |
95.3 |
88.9 |
96.0 |
|
Common Stock |
117.3 |
95.7 |
95.3 |
88.9 |
96.0 |
|
Additional Paid-In Capital |
219.9 |
4.5 |
13.4 |
12.5 |
13.5 |
|
Retained Earnings (Accumulated Deficit) |
758.9 |
699.3 |
512.2 |
458.3 |
460.6 |
|
Unrealized Gain (Loss) |
- |
- |
163.8 |
160.4 |
162.9 |
|
Other Equity |
0.5 |
0.4 |
- |
- |
- |
|
Other Comprehensive Income |
- |
- |
- |
- |
-0.3 |
|
Other Equity, Total |
0.5 |
0.4 |
- |
- |
-0.3 |
|
Total Equity |
1,096.6 |
800.0 |
784.7 |
720.2 |
732.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,901.7 |
2,562.4 |
2,261.9 |
2,045.8 |
2,101.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
25.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Total Common Shares Outstanding |
25.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,219 |
2,156 |
2,067 |
2,044 |
2,004 |
|
Number of Common Shareholders |
- |
654 |
530 |
524 |
523 |
|
Accumulated Goodwill Amortization Suppl. |
- |
- |
- |
4.2 |
- |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
53.2 |
46.3 |
51.1 |
|
Deferred Revenue - Current |
- |
- |
38.7 |
43.8 |
22.1 |
|
Total Long Term Debt, Supplemental |
- |
- |
482.4 |
450.1 |
489.6 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
78.9 |
40.9 |
74.2 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
228.0 |
188.2 |
141.4 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
175.4 |
221.0 |
274.0 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
403.4 |
409.2 |
415.4 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
0.0 |
0.0 |
0.0 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Depreciation |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Depreciation/Depletion |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Amortization of Intangibles |
13.6 |
10.3 |
10.4 |
10.8 |
8.4 |
|
Amortization |
13.6 |
10.3 |
10.4 |
10.8 |
8.4 |
|
Deferred Taxes |
3.6 |
0.2 |
-2.1 |
-2.4 |
-1.4 |
|
Unusual Items |
-8.2 |
-23.4 |
27.3 |
9.4 |
0.3 |
|
Equity in Net Earnings (Loss) |
-49.0 |
-2.5 |
-18.4 |
2.3 |
-1.5 |
|
Other Non-Cash Items |
42.5 |
36.8 |
70.4 |
40.4 |
35.2 |
|
Non-Cash Items |
-14.6 |
11.0 |
79.3 |
52.1 |
34.0 |
|
Accounts Receivable |
-177.5 |
5.2 |
2.5 |
-46.8 |
-218.9 |
|
Inventories |
-109.1 |
-8.6 |
-35.3 |
-12.8 |
-18.3 |
|
Prepaid Expenses |
1.8 |
1.0 |
1.5 |
-0.7 |
0.4 |
|
Other Assets |
10.8 |
21.6 |
0.9 |
-2.9 |
3.9 |
|
Accounts Payable |
288.1 |
-21.1 |
52.3 |
41.4 |
241.6 |
|
Accrued Expenses |
4.3 |
0.4 |
0.4 |
0.3 |
1.0 |
|
Taxes Payable |
5.6 |
1.8 |
-6.9 |
-0.5 |
7.9 |
|
Other Liabilities |
-10.6 |
-17.6 |
-18.8 |
-20.8 |
-39.0 |
|
Changes in Working Capital |
13.4 |
-17.2 |
-3.4 |
-42.8 |
-21.4 |
|
Cash from Operating Activities |
175.7 |
99.6 |
163.0 |
105.5 |
120.2 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-100.1 |
-78.0 |
-46.6 |
-46.9 |
-88.2 |
|
Purchase/Acquisition of Intangibles |
-21.9 |
-14.7 |
-17.2 |
-20.1 |
-16.0 |
|
Capital Expenditures |
-122.0 |
-92.7 |
-63.7 |
-67.0 |
-104.3 |
|
Sale of Fixed Assets |
0.4 |
9.7 |
3.6 |
0.6 |
2.4 |
|
Sale/Maturity of Investment |
14.8 |
39.0 |
14.6 |
0.0 |
109.5 |
|
Purchase of Investments |
-27.5 |
-43.8 |
-84.9 |
-20.2 |
-143.5 |
|
Other Investing Cash Flow |
11.1 |
0.2 |
-1.7 |
1.7 |
-5.1 |
|
Other Investing Cash Flow Items, Total |
-1.2 |
5.0 |
-68.5 |
-17.8 |
-36.7 |
|
Cash from Investing Activities |
-123.2 |
-87.7 |
-132.2 |
-84.8 |
-141.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.4 |
-0.4 |
-0.5 |
- |
0.1 |
|
Financing Cash Flow Items |
-0.4 |
-0.4 |
-0.5 |
- |
0.1 |
|
Short Term Debt Issued |
293.1 |
646.1 |
1,172.6 |
1,574.2 |
2,162.3 |
|
Short Term Debt
Reduction |
-371.6 |
-764.1 |
-1,133.7 |
-1,531.1 |
-2,245.5 |
|
Short Term Debt, Net |
-78.5 |
-118.0 |
38.9 |
43.0 |
-83.2 |
|
Long Term Debt Issued |
111.9 |
202.7 |
107.0 |
53.8 |
166.7 |
|
Long Term Debt
Reduction |
-47.6 |
-101.9 |
-131.8 |
-101.2 |
-37.6 |
|
Long Term Debt, Net |
64.3 |
100.9 |
-24.8 |
-47.4 |
129.1 |
|
Issuance (Retirement) of Debt, Net |
-14.2 |
-17.2 |
14.1 |
-4.3 |
45.9 |
|
Cash from Financing Activities |
-14.7 |
-17.6 |
13.6 |
-4.3 |
46.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
37.9 |
-5.7 |
44.4 |
16.4 |
25.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
77.5 |
76.0 |
43.7 |
35.3 |
9.2 |
|
Net Cash - Ending Balance |
115.4 |
70.2 |
88.1 |
51.8 |
34.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per share
items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1120.28956 |
1156.281981 |
1164.307745 |
1155.056202 |
1145.278736 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
34.8 |
118.2 |
66.1 |
45.9 |
-0.7 |
|
Depreciation |
12.2 |
41.5 |
30.2 |
20.1 |
10.0 |
|
Depreciation/Depletion |
12.2 |
41.5 |
30.2 |
20.1 |
10.0 |
|
Amortization of Intangibles |
3.8 |
13.6 |
10.1 |
6.6 |
3.8 |
|
Amortization |
3.8 |
13.6 |
10.1 |
6.6 |
3.8 |
|
Deferred Taxes |
1.7 |
3.6 |
2.4 |
3.1 |
- |
|
Unusual Items |
0.1 |
-3.5 |
-5.2 |
-4.9 |
10.6 |
|
Equity in Net Earnings (Loss) |
- |
-49.0 |
-35.5 |
-25.0 |
- |
|
Other Non-Cash Items |
20.2 |
37.9 |
27.2 |
19.0 |
18.4 |
|
Non-Cash Items |
20.3 |
-14.6 |
-13.5 |
-11.0 |
29.0 |
|
Accounts Receivable |
-217.1 |
-177.5 |
-112.0 |
-43.6 |
62.1 |
|
Inventories |
-13.8 |
-109.1 |
-83.3 |
-46.2 |
-31.1 |
|
Prepaid Expenses |
- |
1.8 |
0.1 |
-0.3 |
- |
|
Other Assets |
-16.8 |
10.8 |
9.0 |
6.9 |
-50.5 |
|
Accounts Payable |
34.7 |
288.1 |
67.3 |
39.1 |
-18.2 |
|
Accrued Expenses |
- |
4.3 |
19.5 |
13.0 |
- |
|
Taxes Payable |
-3.0 |
5.6 |
2.1 |
-3.3 |
-0.3 |
|
Other Liabilities |
-1.5 |
-10.6 |
4.8 |
12.6 |
-0.8 |
|
Other Operating Cash Flow |
-14.0 |
- |
- |
10.6 |
-9.3 |
|
Changes in Working Capital |
-231.4 |
13.4 |
-92.6 |
-11.3 |
-48.1 |
|
Cash from Operating Activities |
-158.7 |
175.7 |
2.7 |
53.5 |
-6.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-22.1 |
-100.1 |
-55.4 |
-34.6 |
-17.2 |
|
Purchase/Acquisition of Intangibles |
-5.4 |
-21.9 |
-11.8 |
-8.0 |
-3.5 |
|
Capital Expenditures |
-27.5 |
-122.0 |
-67.1 |
-42.6 |
-20.6 |
|
Sale of Fixed Assets |
0.0 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Sale/Maturity of Investment |
12.5 |
14.8 |
10.9 |
10.9 |
4.7 |
|
Purchase of Investments |
- |
-27.5 |
-18.3 |
-8.7 |
- |
|
Other Investing Cash Flow |
-0.1 |
11.1 |
11.0 |
1.8 |
0.1 |
|
Other Investing Cash Flow Items, Total |
12.5 |
-1.2 |
4.0 |
4.5 |
5.1 |
|
Cash from Investing Activities |
-15.0 |
-123.2 |
-63.2 |
-38.1 |
-15.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
-0.4 |
-0.4 |
- |
- |
|
Financing Cash Flow Items |
- |
-0.4 |
-0.4 |
- |
- |
|
Sale/Issuance of
Common |
228.6 |
- |
- |
- |
- |
|
Common Stock, Net |
228.6 |
- |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
228.6 |
- |
- |
- |
- |
|
Short Term Debt Issued |
- |
293.1 |
236.4 |
212.1 |
144.2 |
|
Short Term Debt
Reduction |
-26.9 |
-371.6 |
-288.6 |
-289.3 |
-201.5 |
|
Short Term Debt, Net |
-26.9 |
-78.5 |
-52.2 |
-77.1 |
-57.3 |
|
Long Term Debt Issued |
- |
111.9 |
111.1 |
112.0 |
104.3 |
|
Long Term Debt
Reduction |
-26.8 |
-47.6 |
-30.1 |
-30.3 |
-17.5 |
|
Long Term Debt, Net |
-26.8 |
64.3 |
81.0 |
81.7 |
86.8 |
|
Issuance (Retirement) of Debt, Net |
-53.7 |
-14.2 |
28.9 |
4.5 |
29.5 |
|
Cash from Financing Activities |
174.9 |
-14.7 |
28.5 |
4.5 |
29.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
0.0 |
|
Net Change in Cash |
1.2 |
37.9 |
-32.0 |
19.9 |
8.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
119.1 |
77.5 |
77.0 |
77.6 |
78.3 |
|
Net Cash - Ending Balance |
120.3 |
115.4 |
45.0 |
97.5 |
86.4 |
|
Cash Interest Paid |
9.1 |
- |
- |
- |
5.6 |
|
Cash Taxes Paid |
6.0 |
- |
- |
- |
4.1 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Product Revenue |
3,737.8 |
2,389.7 |
2,792.0 |
3,418.2 |
2,441.3 |
|
Merchandise Revenue |
97.7 |
53.4 |
103.4 |
136.1 |
273.2 |
|
Total Revenue |
3,835.5 |
2,443.0 |
2,895.4 |
3,554.4 |
2,714.5 |
|
|
|
|
|
|
|
|
Cost-Finished Goods Sold |
3,490.0 |
2,179.9 |
2,557.6 |
3,186.9 |
2,254.0 |
|
Cost-Merchandise Sold |
79.6 |
50.4 |
99.2 |
131.8 |
253.5 |
|
Salaries & Wages |
30.0 |
23.1 |
23.1 |
23.7 |
19.7 |
|
Retirement Allowance |
2.8 |
2.1 |
1.9 |
2.8 |
2.4 |
|
Employee Benefits |
5.9 |
4.4 |
4.7 |
4.6 |
4.4 |
|
Travel Expense |
2.3 |
2.2 |
1.9 |
2.2 |
1.9 |
|
Communication Expense |
0.3 |
0.2 |
0.3 |
0.3 |
0.4 |
|
Taxes & Dues |
0.6 |
0.4 |
1.0 |
0.7 |
0.4 |
|
Computing Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Expense-Consumable Goods |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Expense-Uniforms |
0.1 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Office Supplies Expense |
0.1 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Rent |
0.6 |
0.5 |
0.5 |
0.8 |
0.8 |
|
Office Maintenance Expense |
1.1 |
0.9 |
0.6 |
0.6 |
0.4 |
|
Vehicles Maintenance Expense |
0.2 |
0.2 |
0.3 |
0.3 |
0.3 |
|
Repair Expense |
0.0 |
0.0 |
0.2 |
0.0 |
0.1 |
|
Insurance Expense |
0.5 |
0.7 |
1.1 |
0.7 |
1.1 |
|
Commission Paid |
5.9 |
4.6 |
7.5 |
8.3 |
6.2 |
|
Shipping & Handling Expense |
14.5 |
9.6 |
11.8 |
11.5 |
9.1 |
|
Entertainment Expense |
0.2 |
0.2 |
0.4 |
0.4 |
0.5 |
|
Marketing Expense |
16.7 |
8.8 |
14.2 |
15.0 |
11.9 |
|
Advertising Expense |
5.1 |
3.7 |
5.1 |
2.9 |
2.5 |
|
Expense-Trainings and Books |
1.2 |
0.5 |
0.5 |
0.8 |
0.7 |
|
Overseas Market Development Expense |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Sales Guarantees |
19.2 |
12.2 |
5.9 |
6.9 |
9.0 |
|
Provision-Bad Debt |
9.5 |
1.4 |
24.0 |
1.4 |
2.1 |
|
Development Expenses |
5.9 |
4.9 |
4.4 |
4.7 |
2.5 |
|
Amortization-Intangibles |
3.2 |
2.6 |
3.6 |
4.2 |
4.1 |
|
Depreciation Expense |
0.9 |
0.9 |
1.0 |
1.2 |
1.1 |
|
Other Exporting Related Expense |
25.1 |
32.0 |
21.8 |
18.2 |
13.8 |
|
Total Operating Expense |
3,721.6 |
2,346.9 |
2,792.9 |
3,431.6 |
2,603.4 |
|
|
|
|
|
|
|
|
Interest Income |
5.7 |
2.5 |
4.3 |
4.0 |
2.4 |
|
Dividend Income |
- |
- |
0.3 |
0.0 |
0.0 |
|
Gain under Equity Method |
55.8 |
12.8 |
20.4 |
8.0 |
8.6 |
|
Gains on Sale of Equity Method Securitie |
6.3 |
- |
- |
- |
- |
|
Gain-Disposal of Other Investment Assets |
- |
- |
5.0 |
- |
0.0 |
|
Gain-Currency Forwards Transactions |
5.6 |
18.4 |
0.9 |
0.8 |
3.3 |
|
Gain-Foreign Exchange Transaction |
16.4 |
45.9 |
53.3 |
11.2 |
17.5 |
|
Gain-Foreign Currency Translation |
0.7 |
3.4 |
19.5 |
1.4 |
2.5 |
|
Gain-Valuation of Currency Forwards |
1.1 |
2.9 |
10.3 |
- |
0.4 |
|
Gain-Disposal of Tangible Assets |
0.1 |
1.8 |
0.0 |
0.1 |
0.1 |
|
G-Reduction Loss of Sec. Avail-for-Sale |
- |
- |
- |
0.0 |
0.0 |
|
Recovery of Provisions for Product Warra |
- |
0.7 |
0.1 |
- |
- |
|
Recovery-Loan Loss Reserve |
- |
- |
- |
- |
0.0 |
|
Income-Installments |
0.1 |
0.2 |
0.3 |
0.4 |
0.5 |
|
Rental Income |
- |
- |
- |
0.0 |
0.2 |
|
Miscellaneous Non-Operating Income |
22.8 |
13.8 |
24.6 |
15.8 |
12.2 |
|
Interest Expenses |
-34.0 |
-36.5 |
-38.5 |
-40.1 |
-37.7 |
|
Loss-Disposal of Sec Available-Sale |
- |
- |
0.0 |
- |
0.0 |
|
Loss under Equity Method |
-6.8 |
-10.3 |
-2.0 |
-10.3 |
-7.1 |
|
Impairment Losses on Equity Method Secur |
-1.6 |
- |
- |
- |
- |
|
Loss-Currency Forwards Transaction |
-1.8 |
-2.4 |
-28.6 |
-3.3 |
-0.1 |
|
Loss-Foreign Exchange Transaction |
-18.7 |
-39.9 |
-56.7 |
-11.6 |
-11.9 |
|
Loss-Foreign Currency Translation |
-3.8 |
-8.0 |
-21.0 |
-0.8 |
-2.8 |
|
Loss-Reduct. of Sec. Available-Sale |
- |
-0.2 |
- |
- |
-0.5 |
|
Loss-Valuation of Derivatives |
-0.3 |
-2.2 |
-4.1 |
-1.6 |
-0.3 |
|
Impairment Losses on Intangible Assets i |
- |
-0.2 |
-0.5 |
-0.2 |
- |
|
Loss-Disposal of Accounts Receivable |
-11.5 |
-8.0 |
-14.7 |
-14.6 |
-9.8 |
|
Loss-Disposal of Tangible Assets |
-1.5 |
-1.6 |
-1.4 |
-1.1 |
-3.0 |
|
Bad Debt Expense |
-2.0 |
-9.8 |
-14.2 |
-0.5 |
- |
|
Donations Paid, Non-Operating |
-0.2 |
-0.1 |
-0.3 |
-0.6 |
-0.5 |
|
Miscellaneous Non-Operating Expense |
-1.5 |
-4.4 |
-3.9 |
-5.3 |
-2.1 |
|
Recovery-Tariffs, Non-Operating |
- |
- |
- |
- |
0.0 |
|
Net Income Before Taxes |
145.0 |
74.7 |
55.4 |
74.3 |
83.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
26.8 |
14.2 |
13.3 |
27.7 |
18.8 |
|
Net Income After Taxes |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Basic EPS Excluding ExtraOrdinary Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Basic EPS Including ExtraOrdinary Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Dilution Adjustment |
- |
- |
- |
- |
0.0 |
|
Diluted Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Diluted Weighted Average Shares |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Diluted EPS Excluding ExtraOrd Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
Diluted EPS Including ExtraOrd Items |
5.44 |
2.78 |
1.94 |
2.14 |
2.96 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
146.4 |
74.6 |
57.8 |
76.9 |
87.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
27.1 |
14.2 |
13.6 |
28.1 |
19.4 |
|
Normalized Income After Taxes |
119.3 |
60.5 |
44.2 |
48.7 |
68.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
119.3 |
60.5 |
44.2 |
48.7 |
68.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
5.49 |
2.78 |
2.03 |
2.24 |
3.13 |
|
Diluted Normalized EPS |
5.49 |
2.78 |
2.03 |
2.24 |
3.13 |
|
Interest Expense, Supplemental |
34.0 |
36.5 |
38.5 |
40.1 |
37.7 |
|
Rental Expense, Supplemental |
0.6 |
0.5 |
0.5 |
0.8 |
0.8 |
|
Advertising Expense, Supplemental |
21.9 |
12.5 |
19.3 |
17.9 |
14.4 |
|
R&D Expense, Supplemental |
5.9 |
4.9 |
4.4 |
4.7 |
2.5 |
|
Depreciation, Supplemental |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Amort of Intangibles, Supplemental |
13.6 |
10.1 |
9.5 |
9.3 |
6.9 |
|
Amort of Acquisition Costs, Supplemental |
- |
0.1 |
0.9 |
1.5 |
1.5 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated
Calculated |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1120.28956 |
1132.465591 |
1183.132366 |
1164.000484 |
1145.278736 |
|
|
|
|
|
|
|
|
Finished Product Revenue |
- |
1,232.4 |
903.0 |
899.3 |
- |
|
Merchandise Revenue |
- |
26.5 |
28.6 |
23.9 |
- |
|
Sales Revenue |
1,171.5 |
- |
- |
- |
726.8 |
|
Total Revenue |
1,171.5 |
1,258.9 |
931.6 |
923.2 |
726.8 |
|
|
|
|
|
|
|
|
Cost of Finished Goods Sold |
- |
1,137.1 |
848.1 |
849.6 |
- |
|
Cost of Merchandises Sold |
- |
24.1 |
18.7 |
20.6 |
- |
|
Cost-Revenue |
1,086.6 |
8.6 |
7.6 |
6.9 |
674.5 |
|
Retirement and Severance Benefits |
- |
0.6 |
0.7 |
0.7 |
- |
|
Employee Benefits |
- |
1.5 |
1.6 |
1.4 |
- |
|
Travel Expenses |
- |
0.6 |
0.5 |
0.7 |
- |
|
Communication Expenses |
- |
0.1 |
0.1 |
0.1 |
- |
|
Taxes and Dues |
- |
0.2 |
0.1 |
0.3 |
- |
|
Computing Expense |
- |
0.0 |
0.0 |
0.0 |
- |
|
Expense-Consumable Goods |
- |
0.0 |
0.0 |
0.0 |
- |
|
Expense-Uniforms |
- |
0.1 |
0.0 |
0.0 |
- |
|
Office Supplies Expense |
- |
0.0 |
0.0 |
0.0 |
- |
|
Rental Expenses |
- |
0.1 |
0.1 |
0.1 |
- |
|
Office Maintenance Expense |
- |
0.3 |
0.3 |
0.3 |
- |
|
Vehicle Maintenance Expenses |
- |
0.0 |
0.0 |
0.1 |
- |
|
Repair Expenses |
- |
0.0 |
0.0 |
0.0 |
- |
|
Insurance Premiums |
- |
0.1 |
0.1 |
0.1 |
- |
|
Commissions |
- |
1.6 |
2.1 |
1.1 |
- |
|
Shipping & Handling Expense |
- |
4.2 |
3.6 |
3.7 |
- |
|
Entertainment Expenses |
- |
0.0 |
0.0 |
0.0 |
- |
|
Sales Promotional Expenses |
- |
4.8 |
4.0 |
3.9 |
- |
|
Advertising Expenses |
- |
1.8 |
1.3 |
1.2 |
- |
|
Expense-Trainings and Books |
- |
0.3 |
0.4 |
0.3 |
- |
|
Overseas Marketing Expenses |
- |
0.0 |
0.0 |
0.0 |
- |
|
Sales Guarantees |
- |
8.2 |
2.8 |
6.5 |
- |
|
Provision-Bad Debt |
- |
5.1 |
2.5 |
0.5 |
- |
|
Development Expenses |
- |
1.1 |
1.6 |
1.5 |
- |
|
Depreciation |
- |
0.2 |
0.2 |
0.2 |
- |
|
Amortization of Intangible Assets |
- |
0.9 |
0.8 |
0.8 |
- |
|
Other Exporting Related Expense |
- |
7.8 |
6.7 |
5.8 |
- |
|
Selling Expense |
20.2 |
- |
- |
- |
14.5 |
|
Administrative Expense |
18.6 |
- |
- |
- |
16.5 |
|
Other Ooperating Income |
-11.7 |
- |
- |
- |
-10.1 |
|
Other Operating Expense |
9.0 |
- |
- |
- |
11.2 |
|
Total Operating Expense |
1,122.7 |
1,209.4 |
904.2 |
906.5 |
706.7 |
|
|
|
|
|
|
|
|
Interest Income |
1.1 |
3.4 |
0.7 |
1.0 |
0.4 |
|
Gains on Valuation of Equity Method Secu |
- |
17.2 |
10.6 |
15.0 |
- |
|
Gains on Sale of Equity Method Securitie |
- |
6.4 |
- |
- |
- |
|
Gains on Derivatives Transactions |
- |
2.6 |
0.7 |
1.0 |
- |
|
Gains on Foreign Currency Transactions |
- |
2.7 |
3.1 |
8.6 |
- |
|
Gains on Foreign Currency Translation |
- |
-0.5 |
-3.3 |
3.4 |
- |
|
Gains on Valuations of Derivatives |
- |
-1.7 |
2.1 |
- |
- |
|
Gains on Sale of Property, Plant and Equ |
- |
0.0 |
0.0 |
0.0 |
- |
|
Gains on Sale of Investment Assets |
- |
-6.4 |
- |
6.2 |
- |
|
Income-Installments |
- |
0.0 |
0.0 |
0.0 |
- |
|
Miscellaneous Income |
- |
8.9 |
4.1 |
8.4 |
- |
|
Interest Expenses |
-8.7 |
-8.5 |
-8.4 |
-8.6 |
-12.3 |
|
Losses on Sale of Trade Receivable |
- |
-4.0 |
-2.3 |
-2.2 |
- |
|
Losses on Valuation of Equity Method Sec |
- |
-3.7 |
-0.1 |
- |
- |
|
Losses on Derivative Transactions |
- |
0.0 |
-0.4 |
-1.4 |
- |
|
Losses on Foreign Currency Transactions |
- |
-7.3 |
-2.9 |
-5.7 |
- |
|
Losses on Foreign Currency Translation |
- |
3.1 |
-2.1 |
- |
- |
|
Loss-Valuation of Derivatives |
- |
0.3 |
1.4 |
-2.2 |
- |
|
Impairment Losses on Equity Method Secur |
- |
-1.6 |
- |
- |
- |
|
Loss-Disposal of Tangible Assets |
- |
0.0 |
-0.1 |
-0.3 |
- |
|
Bad Debt Expense |
- |
-0.8 |
0.1 |
- |
- |
|
Donations Paid, Non-Operating |
- |
-0.1 |
0.0 |
0.0 |
- |
|
Miscellaneous Non-Operating Expense |
- |
-1.1 |
-0.1 |
-0.2 |
- |
|
Reversal of Allowance for Doubtful Accou |
- |
0.0 |
0.0 |
0.4 |
- |
|
Loss-Reduction of Non-Current Assets Ava |
- |
- |
- |
- |
-9.6 |
|
Net Income Before Taxes |
41.4 |
58.4 |
30.6 |
40.2 |
-1.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
6.6 |
5.7 |
10.4 |
6.7 |
-0.6 |
|
Net Income After Taxes |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
Net Income |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
23.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.47 |
2.42 |
0.93 |
1.54 |
-0.03 |
|
Basic EPS Including ExtraOrdinary Items |
1.47 |
2.42 |
0.93 |
1.54 |
-0.03 |
|
Dilution Adjustment |
- |
- |
- |
- |
0.0 |
|
Diluted Net Income |
34.8 |
52.7 |
20.3 |
33.4 |
-0.7 |
|
Diluted Weighted Average Shares |
23.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Diluted EPS Excluding ExtraOrd Items |
1.47 |
2.42 |
0.93 |
1.54 |
-0.03 |
|
Diluted EPS Including ExtraOrd Items |
1.47 |
2.42 |
0.93 |
1.54 |
-0.03 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
41.4 |
58.4 |
30.7 |
40.5 |
-1.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
6.6 |
5.7 |
10.4 |
6.8 |
-0.6 |
|
Normalized Income After Taxes |
34.8 |
52.7 |
20.3 |
33.7 |
-0.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
34.8 |
52.7 |
20.3 |
33.7 |
-0.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.47 |
2.42 |
0.93 |
1.55 |
-0.03 |
|
Diluted Normalized EPS |
1.47 |
2.42 |
0.93 |
1.55 |
-0.03 |
|
Interest Expense, Supplemental |
8.7 |
8.5 |
8.4 |
8.6 |
12.3 |
|
Rental Expense, Supplemental |
- |
0.1 |
0.1 |
0.1 |
- |
|
Advertising Expense, Supplemental |
- |
6.6 |
5.3 |
5.2 |
- |
|
R&D Expense, Supplemental |
- |
1.1 |
1.6 |
1.5 |
- |
|
Depreciation, Supplemental |
12.2 |
11.4 |
10.1 |
10.0 |
10.0 |
|
Amort of Intangibles, Supplemental |
3.8 |
3.5 |
3.5 |
3.3 |
3.8 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
117.6 |
77.0 |
77.0 |
51.4 |
35.3 |
|
Government Subsidy |
-0.1 |
-0.5 |
-0.5 |
0.0 |
-0.1 |
|
ST Financial Assets |
0.1 |
4.6 |
43.8 |
- |
- |
|
ST Securities Available for Sale |
1.8 |
3.9 |
- |
- |
- |
|
Currency Futures, Current Assets |
1.0 |
6.5 |
8.5 |
- |
0.4 |
|
Deferred Income Taxes-Debit, Current |
14.3 |
11.4 |
9.0 |
0.6 |
1.0 |
|
Trade Receivable |
792.9 |
616.9 |
623.5 |
890.7 |
848.7 |
|
Reserve-Doubtful Account |
-17.8 |
-10.6 |
-26.2 |
-6.8 |
-5.2 |
|
Account Receivable, Net |
34.0 |
31.9 |
37.4 |
12.9 |
23.8 |
|
Prepaid Expense |
0.7 |
0.6 |
1.3 |
1.7 |
0.7 |
|
Prepaid Income Taxes |
- |
- |
- |
1.1 |
- |
|
Advanced Payment |
2.3 |
6.8 |
6.8 |
11.7 |
18.2 |
|
Accrued Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Reserve-Doubtful Account |
-2.2 |
-0.2 |
-12.5 |
-0.1 |
-0.1 |
|
Merchandises |
7.5 |
4.9 |
8.8 |
21.4 |
15.2 |
|
Allowance for Loss on Valuation of Merch |
-0.7 |
-1.0 |
-2.1 |
-0.4 |
-0.1 |
|
Finished Goods |
45.4 |
22.1 |
30.4 |
32.7 |
25.0 |
|
Allowance for Loss on Valuation of Finis |
-0.8 |
-0.7 |
-2.6 |
-0.5 |
-0.2 |
|
Imported Goods in Transit |
66.9 |
72.1 |
45.1 |
51.5 |
22.4 |
|
Raw Materials |
147.5 |
113.5 |
106.8 |
129.0 |
133.7 |
|
Allowance for Loss on Valuation of Raws |
-0.4 |
-0.3 |
-2.1 |
-0.6 |
-0.4 |
|
Supplemental Raw Materials |
0.3 |
0.2 |
0.0 |
0.2 |
0.1 |
|
Work in Progress |
163.2 |
94.3 |
83.7 |
90.8 |
112.0 |
|
Allowance for Loss on Valuation of Work |
- |
- |
-2.1 |
- |
- |
|
Supplies |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Total Current Assets |
1,373.5 |
1,053.5 |
1,034.0 |
1,287.4 |
1,230.7 |
|
|
|
|
|
|
|
|
LT Financial Assets |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
LT Loan |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Securities Available for Sale |
11.2 |
5.8 |
9.2 |
12.3 |
11.6 |
|
Equity Method Investment Securities |
282.4 |
224.9 |
172.2 |
102.9 |
90.0 |
|
LT Security Deposit |
15.9 |
15.2 |
12.8 |
13.3 |
13.4 |
|
LT Prepaid Expense |
5.1 |
6.9 |
6.7 |
9.7 |
11.2 |
|
Discount for Present Value |
- |
-0.1 |
-0.1 |
- |
- |
|
Deferred Income Tax, Debit |
- |
- |
- |
6.3 |
3.8 |
|
LT Trade Receivable |
- |
0.6 |
0.5 |
1.0 |
4.4 |
|
Discount for Present Value |
- |
- |
- |
-0.2 |
-0.3 |
|
Land |
282.8 |
275.4 |
262.7 |
133.7 |
134.5 |
|
Buildings |
131.2 |
111.5 |
97.9 |
117.3 |
97.8 |
|
Buildings-Depreciation |
-17.5 |
-14.7 |
-11.6 |
-13.3 |
-11.1 |
|
Structures |
16.4 |
14.8 |
13.2 |
17.6 |
16.2 |
|
Structures-Depreciation |
-5.6 |
-4.9 |
-4.0 |
-4.6 |
-4.0 |
|
Tools & Equipments |
62.2 |
48.5 |
39.2 |
44.8 |
40.1 |
|
Tools & Equipments-Depreciation |
-36.6 |
-29.5 |
-22.4 |
-23.8 |
-18.2 |
|
Machinery & Equipment |
417.9 |
331.5 |
292.7 |
368.0 |
346.5 |
|
Machinery & Equipment-Depreciation |
-191.7 |
-162.5 |
-129.8 |
-149.0 |
-123.7 |
|
Vehicles & Transportation Equipment |
1.8 |
1.5 |
1.4 |
1.8 |
1.8 |
|
Vehicles & Transportation-Depreciation |
-1.0 |
-0.8 |
-0.9 |
-1.0 |
-0.8 |
|
Fixtures |
24.8 |
18.7 |
15.5 |
18.3 |
16.4 |
|
Fixtures-Depreciation |
-13.4 |
-10.2 |
-8.9 |
-9.1 |
-6.5 |
|
Construction in Progress |
31.1 |
51.9 |
5.5 |
18.8 |
35.1 |
|
Other Tangible Assets |
18.6 |
14.2 |
10.8 |
13.3 |
8.1 |
|
Other Tangibles-Depreciation |
-4.5 |
-3.1 |
-2.0 |
-1.6 |
-0.6 |
|
Trees |
1.5 |
1.4 |
1.3 |
1.5 |
1.1 |
|
Industrial Property Right |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Development Cost |
68.1 |
60.2 |
50.4 |
57.8 |
47.2 |
|
Other Intangible |
8.4 |
6.2 |
6.6 |
10.7 |
11.3 |
|
Development Cost Government Subsidy |
-5.1 |
-4.2 |
-3.0 |
-3.3 |
-2.8 |
|
Goodwill |
- |
- |
0.1 |
1.3 |
2.8 |
|
Total Assets |
2,477.5 |
2,012.8 |
1,850.5 |
2,032.6 |
1,956.4 |
|
|
|
|
|
|
|
|
Trade Payable |
833.2 |
563.1 |
450.7 |
509.5 |
596.6 |
|
Account Payable |
170.6 |
128.5 |
210.6 |
322.4 |
199.2 |
|
Income Taxes Payable |
16.1 |
10.0 |
7.5 |
18.2 |
18.8 |
|
Accrued Expense |
8.8 |
4.4 |
3.6 |
4.4 |
4.2 |
|
Advance for Customers |
26.0 |
30.0 |
22.6 |
5.5 |
9.2 |
|
Security Deposit Paid |
0.1 |
0.1 |
0.1 |
0.6 |
0.1 |
|
Deposit Withheld |
4.4 |
2.2 |
2.9 |
4.1 |
3.9 |
|
ST Borrowings |
38.9 |
115.3 |
226.3 |
247.4 |
205.4 |
|
Derivatives in Liabilities, Current |
0.3 |
0.1 |
3.6 |
1.6 |
0.3 |
|
Current Portion of LT Debt |
132.2 |
47.3 |
103.2 |
154.9 |
101.1 |
|
Provisions for Product Warranties in Cur |
3.0 |
2.0 |
2.1 |
2.7 |
2.4 |
|
Total Current Liabilities |
1,233.7 |
903.0 |
1,033.3 |
1,271.4 |
1,141.1 |
|
|
|
|
|
|
|
|
Bonds |
334.8 |
343.5 |
127.0 |
224.3 |
328.0 |
|
LT Borrowings |
- |
- |
30.0 |
- |
- |
|
Discount on Debentures Issuance, Current |
-1.1 |
-1.2 |
-0.5 |
-0.9 |
-1.3 |
|
Total Long Term Debt |
333.7 |
342.3 |
156.4 |
223.4 |
326.7 |
|
|
|
|
|
|
|
|
LT Account Payable |
1.0 |
1.4 |
1.3 |
1.6 |
1.3 |
|
Rent Deposit |
0.3 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Deferred Income Tax, Credit |
50.6 |
43.0 |
40.8 |
- |
- |
|
Reserve-Sales Losses |
7.6 |
6.8 |
5.6 |
7.2 |
2.3 |
|
Reserve-Sales Guarantee |
- |
- |
- |
3.1 |
3.0 |
|
Long-term Provision for Product Warranti |
2.7 |
1.8 |
2.1 |
- |
- |
|
Deposit-Retirement Insurance |
-38.9 |
-36.4 |
-23.6 |
-37.8 |
-32.4 |
|
Reserve-Severance and Retirement Benefit |
51.6 |
43.9 |
34.0 |
45.0 |
38.5 |
|
Transfer to National Pension Fund |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
|
Total Liabilities |
1,642.3 |
1,306.0 |
1,250.1 |
1,514.0 |
1,480.6 |
|
|
|
|
|
|
|
|
Common Stock |
95.7 |
93.3 |
86.3 |
116.1 |
116.8 |
|
Other Capital Surplus |
4.5 |
13.1 |
12.1 |
5.5 |
5.5 |
|
Reserve-Business Rationalization |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Retained Earning Carried Forward |
567.0 |
435.2 |
341.1 |
407.5 |
369.8 |
|
Gain-Valuation of Derivatives |
- |
-0.3 |
-0.4 |
- |
- |
|
Gain-Valu. of Sec. Available for Sale |
0.4 |
0.5 |
0.5 |
0.6 |
0.0 |
|
Capital Change, Equity Method |
31.2 |
30.6 |
35.5 |
2.3 |
0.0 |
|
Capital Change, Equity Method (Loss) |
-1.4 |
-1.3 |
- |
-13.7 |
-16.6 |
|
Gain-Revaluation of Tangible Assets |
139.0 |
135.4 |
125.2 |
- |
- |
|
Losses on Valuation of Available for Sal |
-1.4 |
- |
- |
- |
- |
|
Total Equity |
835.2 |
706.8 |
600.4 |
518.6 |
475.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,477.5 |
2,012.8 |
1,850.5 |
2,032.6 |
1,956.4 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Total Common Shares Outstanding |
21.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
26.0 |
30.0 |
22.6 |
5.5 |
9.2 |
|
Accumulated Goodwill Amortization Suppl. |
- |
4.4 |
4.0 |
6.5 |
5.1 |
|
Accumulated Intangible Amort, Suppl. |
57.0 |
42.0 |
28.4 |
25.5 |
13.9 |
|
Full-Time Employees |
2,156 |
1,978 |
2,006 |
1,888 |
1,887 |
|
Number of Common Shareholders |
654 |
523 |
486 |
339 |
186 |
|
Long Term Debt Maturing within 1 Year |
- |
47.3 |
103.2 |
154.9 |
101.1 |
|
Long Term Debt Maturing in Year 2 |
- |
128.8 |
45.8 |
138.9 |
155.9 |
|
Long Term Debt Maturing in Year 3 |
- |
214.7 |
111.2 |
21.4 |
107.5 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
64.1 |
- |
|
Long Term Debt - Remaining Maturities |
- |
- |
- |
- |
64.5 |
|
Total Long Term Debt, Supplemental |
- |
390.8 |
260.2 |
379.3 |
429.0 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1096.95 |
1134.9 |
1140.25 |
1221.965 |
1131.45 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
122.9 |
117.6 |
46.0 |
92.1 |
87.4 |
|
Cash & Equivalents-Government Subsidy |
- |
- |
-0.1 |
-0.3 |
-0.4 |
|
ST Financial Assets |
- |
- |
0.1 |
0.0 |
- |
|
Other Current Financial Assets |
2.1 |
0.6 |
- |
- |
- |
|
ST Securities Available for Sale |
1.8 |
1.8 |
5.7 |
5.3 |
4.0 |
|
Derivatives |
- |
- |
2.7 |
0.7 |
6.0 |
|
Other Current Assets |
165.8 |
141.9 |
- |
- |
- |
|
Deferred Income Taxes-Debit, Current |
- |
- |
12.6 |
11.7 |
11.8 |
|
Trade Receivable |
991.0 |
769.3 |
728.9 |
626.4 |
621.3 |
|
Reserve-Doubtful Account |
-14.2 |
-15.4 |
-15.9 |
-12.0 |
-12.8 |
|
Account Receivable, Net |
- |
- |
32.5 |
28.4 |
33.5 |
|
Prepaid Expense |
- |
- |
1.7 |
1.7 |
3.0 |
|
Prepaid Income Taxes |
- |
- |
0.3 |
- |
0.0 |
|
Advanced Payment |
- |
- |
3.6 |
4.3 |
5.1 |
|
Accrued Income |
- |
- |
0.1 |
0.1 |
0.1 |
|
Reserve-Doubtful Account2 |
- |
- |
-1.5 |
-1.5 |
-1.7 |
|
Adjustment for Trade Receivable |
- |
- |
- |
- |
- |
|
Loans & Other Receivables |
61.8 |
38.3 |
- |
- |
- |
|
Non-Current Assets Held for Sale |
- |
12.3 |
- |
- |
- |
|
Merchandises |
8.2 |
6.8 |
5.3 |
4.5 |
5.0 |
|
Allowance for Loss on Valuation of Merch |
- |
- |
-0.7 |
-0.7 |
-1.0 |
|
Finished Goods |
46.6 |
44.6 |
39.6 |
27.2 |
24.5 |
|
Allowance for Loss on Valuation of Finis |
- |
- |
-0.5 |
-0.5 |
-0.7 |
|
Goods in Transit |
81.1 |
66.9 |
56.4 |
69.2 |
74.2 |
|
Raw Materials |
162.4 |
147.1 |
153.0 |
127.6 |
127.5 |
|
Allowance for Loss on Valuation of Raws |
- |
- |
-0.4 |
-0.4 |
-0.3 |
|
Supplemental Raw Materials |
1.0 |
0.3 |
0.1 |
0.2 |
0.6 |
|
Semi-finished Goods |
144.3 |
142.8 |
- |
- |
- |
|
Work in Progress |
14.4 |
20.4 |
147.8 |
109.5 |
115.9 |
|
Supplies |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Adjustment for Inventory |
0.0 |
- |
- |
- |
- |
|
Total Current Assets |
1,789.3 |
1,495.3 |
1,217.1 |
1,093.6 |
1,102.8 |
|
|
|
|
|
|
|
|
LT Financial Assets |
- |
- |
0.0 |
0.1 |
0.1 |
|
LT Loan |
- |
- |
0.1 |
0.1 |
0.1 |
|
LT Loans & Other Receivables |
9.2 |
11.9 |
- |
- |
- |
|
LT Available-for-Sale Financial Assets |
20.2 |
19.4 |
6.1 |
6.6 |
8.5 |
|
LT Held-to-Maturity Financial Assets |
5.5 |
5.3 |
- |
- |
- |
|
Other Non-Current Financial Assets |
0.2 |
0.5 |
- |
- |
- |
|
Investment in Properties |
1.4 |
1.3 |
- |
- |
- |
|
Investment-Subsdiary, Joint Venture & Af |
226.2 |
218.6 |
- |
- |
- |
|
Equity Method Investment Securities |
- |
- |
271.8 |
240.8 |
235.4 |
|
LT Security Deposit |
- |
- |
15.4 |
13.1 |
15.6 |
|
LT Prepaid Expense |
- |
- |
5.6 |
5.7 |
6.5 |
|
Others in Other Non-current Assets |
6.7 |
6.4 |
- |
- |
- |
|
LT Trade Receivable |
- |
- |
0.1 |
0.1 |
0.6 |
|
Discount for Present Value |
- |
- |
0.0 |
-0.1 |
-0.1 |
|
Land |
291.2 |
281.4 |
281.3 |
262.4 |
283.4 |
|
Buildings |
135.8 |
131.2 |
126.9 |
117.4 |
115.9 |
|
Buildings-Depreciation |
-18.8 |
-17.5 |
-16.8 |
-15.1 |
-15.7 |
|
Structures |
16.8 |
16.4 |
16.1 |
14.6 |
15.2 |
|
Structures-Depreciation |
-5.9 |
-5.6 |
-5.4 |
-4.9 |
-5.2 |
|
Tools & Equipments |
66.0 |
62.2 |
55.7 |
49.1 |
50.8 |
|
Tools & Equipments-Depreciation |
-39.8 |
-36.6 |
-34.7 |
-30.9 |
-32.0 |
|
Machinery & Equipment |
432.9 |
417.9 |
345.6 |
318.7 |
338.8 |
|
Machinery & Equipment-Depreciation |
-206.6 |
-191.7 |
-183.3 |
-164.6 |
-171.2 |
|
Vehicles & Transportation Equipment |
1.9 |
1.8 |
1.6 |
1.5 |
1.5 |
|
Vehicles & Transportation-Depreciation |
-1.1 |
-1.0 |
-0.9 |
-0.8 |
-0.8 |
|
Fixtures |
26.6 |
24.8 |
23.0 |
19.9 |
19.8 |
|
Fixtures-Depreciation |
-14.7 |
-13.4 |
-12.5 |
-11.0 |
-11.2 |
|
Construction in Progress |
52.2 |
32.0 |
70.9 |
57.7 |
66.2 |
|
Other Tangible Assets |
20.8 |
20.0 |
16.2 |
13.6 |
14.7 |
|
Other Tangibles-Depreciation |
-5.0 |
-4.5 |
-4.1 |
-3.5 |
-3.5 |
|
Trees |
- |
- |
1.4 |
1.3 |
1.4 |
|
Adjustment for Tangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Industrial Property Rights |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Development Cost |
72.2 |
68.2 |
62.2 |
57.9 |
62.0 |
|
Development Cost-Govenrment Subsidary |
-5.3 |
-5.1 |
-4.8 |
-4.4 |
-4.5 |
|
Software-Intangible Assets |
9.4 |
8.4 |
- |
- |
- |
|
Membership Right |
9.7 |
9.4 |
- |
- |
- |
|
Loyalty |
4.7 |
5.1 |
- |
- |
- |
|
Other Intangible |
- |
- |
7.2 |
6.5 |
6.5 |
|
Adjustment for Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Total Assets |
2,901.7 |
2,562.4 |
2,261.9 |
2,045.8 |
2,101.8 |
|
|
|
|
|
|
|
|
Trade & Other Payable |
1,085.5 |
1,017.1 |
- |
- |
- |
|
Trade Payable |
- |
- |
673.6 |
589.8 |
565.9 |
|
Account Payable |
- |
- |
101.0 |
107.0 |
134.1 |
|
Income Taxes Payable |
14.2 |
16.1 |
12.4 |
6.4 |
9.9 |
|
Accrued Expense |
- |
- |
24.3 |
16.4 |
12.7 |
|
Advance for Customers |
- |
- |
38.7 |
43.8 |
22.1 |
|
Security Deposit Paid |
- |
- |
0.1 |
0.1 |
0.1 |
|
Deposit Withheld |
- |
- |
1.7 |
1.9 |
1.4 |
|
ST Borrowings |
82.8 |
107.1 |
65.2 |
39.4 |
66.0 |
|
Derivatives in Liabilities, Current |
- |
- |
0.6 |
1.8 |
- |
|
Current Portion of LT Debt |
145.9 |
132.2 |
78.9 |
40.9 |
74.2 |
|
Provisions for Product Warranties in Cur |
- |
- |
3.0 |
2.8 |
2.1 |
|
Other Current Financial Liabilities |
1.1 |
0.8 |
- |
- |
- |
|
Reserve for Current Liabilities |
9.3 |
9.0 |
- |
- |
- |
|
Other Current Liabilities |
91.2 |
85.2 |
- |
- |
- |
|
Total Current Liabilities |
1,429.9 |
1,367.3 |
999.5 |
850.3 |
888.4 |
|
|
|
|
|
|
|
|
Bonds |
309.0 |
333.7 |
403.4 |
409.2 |
415.4 |
|
Discount on Debentures Issuance, Current |
- |
- |
-1.3 |
-1.4 |
-1.5 |
|
Total Long Term Debt |
309.0 |
333.7 |
402.1 |
407.8 |
413.9 |
|
|
|
|
|
|
|
|
LT Account Payable |
- |
- |
1.0 |
1.0 |
1.5 |
|
Rent Deposit |
- |
- |
0.2 |
0.2 |
0.2 |
|
Deferred Income Tax, Credit |
31.9 |
29.1 |
48.7 |
45.4 |
44.3 |
|
Reserve-Sales Losses |
- |
- |
7.2 |
6.7 |
7.0 |
|
Long-term Provision for Product Warranti |
- |
- |
1.8 |
1.7 |
1.9 |
|
Non-current Provisions |
11.3 |
13.6 |
- |
- |
- |
|
Deposit-Retirement Insurance |
- |
- |
-34.4 |
-33.0 |
-36.6 |
|
Reserve-Severance and Retirement Benefit |
17.0 |
13.1 |
51.1 |
45.5 |
48.6 |
|
Transfer to National Pension Fund |
- |
- |
-0.1 |
-0.1 |
-0.1 |
|
LT Trade & Other Payable |
1.4 |
1.4 |
- |
- |
- |
|
Non-current Employee Benefits Payables |
3.6 |
3.4 |
- |
- |
- |
|
Other Non-current Financial Liabilities |
0.9 |
0.9 |
- |
- |
- |
|
Total Liabilities |
1,805.2 |
1,762.4 |
1,477.2 |
1,325.6 |
1,369.1 |
|
|
|
|
|
|
|
|
Common Stock |
117.3 |
95.7 |
95.3 |
88.9 |
96.0 |
|
Other Capital Surplus |
- |
- |
13.4 |
12.5 |
13.5 |
|
Other Paid-in Capital |
219.9 |
4.5 |
- |
- |
- |
|
Retained Earnings or Accumulated Deficit |
758.9 |
699.3 |
- |
- |
- |
|
Reserve-Business Rationalization |
- |
- |
0.2 |
0.2 |
0.2 |
|
Retained Earning Carried Forward |
- |
- |
512.0 |
458.2 |
460.4 |
|
Gain-Valu. of Sec. Available for Sale |
- |
- |
0.5 |
0.5 |
-0.5 |
|
Losses on Valuation of Available for Sal |
- |
- |
-1.5 |
-0.5 |
- |
|
Capital Change, Equity Method |
- |
- |
28.0 |
32.2 |
24.0 |
|
Capital Change, Equity Method (Loss) |
- |
- |
-1.4 |
-0.8 |
- |
|
Gain-Revaluation of Tangible Assets |
- |
- |
138.3 |
129.1 |
139.4 |
|
Losses on Valuation of Derivatives Cash |
- |
- |
- |
- |
-0.3 |
|
Other Capital |
0.5 |
0.4 |
- |
- |
- |
|
Total Equity |
1,096.6 |
800.0 |
784.7 |
720.2 |
732.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
2,901.7 |
2,562.4 |
2,261.9 |
2,045.8 |
2,101.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
25.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
Total Common Shares Outstanding |
25.7 |
21.7 |
21.7 |
21.7 |
21.7 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
- |
- |
38.7 |
43.8 |
22.1 |
|
Accumulated Goodwill Amortization Suppl. |
- |
- |
- |
4.2 |
- |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
53.2 |
46.3 |
51.1 |
|
Full-Time Employees |
2,219 |
2,156 |
2,067 |
2,044 |
2,004 |
|
Number of Common Shareholders |
- |
654 |
530 |
524 |
523 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
78.9 |
40.9 |
74.2 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
228.0 |
188.2 |
141.4 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
175.4 |
221.0 |
274.0 |
|
Total Long Term Debt, Supplemental |
- |
- |
482.4 |
450.1 |
489.6 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
118.2 |
60.5 |
42.2 |
46.6 |
64.4 |
|
Depreciation |
41.5 |
34.8 |
36.8 |
41.3 |
36.2 |
|
Amortization-Intangible Assets |
13.6 |
10.3 |
10.4 |
10.8 |
8.4 |
|
Provision-Doubtful Account |
9.5 |
1.4 |
24.0 |
1.4 |
2.1 |
|
Recovery-Provision Doubtful Account |
- |
- |
- |
- |
0.0 |
|
Expenses of Allowance for Other Doubtful |
2.0 |
9.8 |
14.2 |
0.5 |
- |
|
Provision-Retirement Allowance |
13.6 |
10.7 |
9.6 |
12.6 |
12.4 |
|
Accrued Interest Expense |
0.7 |
0.4 |
0.2 |
0.3 |
0.5 |
|
Sales Guarantee Expense |
1.8 |
2.0 |
5.9 |
6.9 |
9.0 |
|
Loss-Foreign Currency Translation |
3.8 |
8.0 |
21.0 |
0.8 |
2.8 |
|
Loss-Disposal of Trade Receivable |
11.5 |
8.0 |
14.7 |
14.6 |
9.8 |
|
Loss-Reduct. of Sec. Available-for-Sale |
- |
0.2 |
- |
- |
0.5 |
|
Loss-Disposal of Sec. Available-for-Sale |
- |
- |
0.0 |
- |
0.0 |
|
Recovery-Sec. Avail-for-Sale Reduction |
- |
- |
- |
0.0 |
0.0 |
|
Impairment Losses on Equity Method Secur |
1.6 |
- |
- |
- |
- |
|
Provision-Inventory Valuation Loss |
0.3 |
- |
- |
- |
- |
|
Loss-Currency Forwards Transaction |
1.8 |
2.4 |
28.6 |
3.3 |
0.1 |
|
Loss-Valuation of Derivatives |
0.3 |
2.2 |
4.1 |
1.6 |
0.3 |
|
Loss-Disposal of Tangible Assets |
1.5 |
1.6 |
1.4 |
1.1 |
3.0 |
|
Impairment Losses on Intangible Assets |
- |
0.2 |
0.5 |
0.2 |
- |
|
Loss under Equity Method |
6.8 |
10.3 |
2.0 |
10.3 |
7.1 |
|
Provision-Sales Guarantee |
0.6 |
0.7 |
0.3 |
5.0 |
1.6 |
|
Gain-Valuation of Currency Futures |
-1.1 |
-2.9 |
-10.3 |
- |
-0.4 |
|
Gain-Currency Forwards Transaction |
-5.6 |
-18.4 |
-0.9 |
-0.8 |
-3.3 |
|
Gain-Other Investment Assets Disposal |
- |
- |
-5.0 |
- |
0.0 |
|
Gains on Sale of Equity Method Securitie |
-6.3 |
- |
- |
- |
- |
|
Gain-Disposal of Tangible Assets |
-0.1 |
-1.8 |
0.0 |
-0.1 |
-0.1 |
|
Dividend Income under Equity Method |
- |
- |
- |
3.2 |
- |
|
Recovery-Sales Guarantee Reserve |
- |
-0.7 |
-0.1 |
- |
- |
|
Interest Income |
-0.3 |
-0.2 |
0.0 |
-0.5 |
- |
|
Income from Installments |
-0.1 |
- |
- |
- |
-0.5 |
|
Gain under Equity Method |
-55.8 |
-12.8 |
-20.4 |
-8.0 |
-8.6 |
|
Gain-Foreign Currency Translation |
-0.7 |
-3.4 |
-19.5 |
-1.4 |
-2.5 |
|
Recovery-Inventory Valuation Loss |
-0.2 |
-6.9 |
8.9 |
0.8 |
0.3 |
|
Trade Receivable |
-176.2 |
20.1 |
34.3 |
-57.1 |
-219.6 |
|
LT Trade Receivable |
- |
- |
- |
- |
-4.1 |
|
LT Account Receivable |
- |
-0.5 |
- |
- |
- |
|
Account Receivable |
-1.2 |
-14.4 |
-31.8 |
10.3 |
4.7 |
|
Prepaid Expense |
-0.1 |
0.7 |
1.4 |
-1.0 |
0.5 |
|
Advanced Payment |
4.6 |
0.5 |
2.2 |
6.5 |
-5.9 |
|
Prepaid Taxes |
- |
- |
0.9 |
-1.1 |
- |
|
LT Prepaid Expense |
1.9 |
0.4 |
-0.8 |
1.4 |
-0.1 |
|
Accrued Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inventory |
-113.8 |
-9.0 |
-37.5 |
-19.3 |
-12.3 |
|
Derivatives in Assets |
10.8 |
21.6 |
0.9 |
-2.9 |
3.9 |
|
Deferred Income Tax Debit, Current |
-2.5 |
-1.5 |
-9.8 |
0.4 |
0.0 |
|
Deferred Income Tax Debit |
- |
- |
7.0 |
-2.8 |
-1.4 |
|
Trade Payable |
250.7 |
69.6 |
85.5 |
-84.0 |
179.9 |
|
Account Payable |
37.5 |
-90.7 |
-33.2 |
125.4 |
61.7 |
|
Advance Received |
-4.6 |
5.1 |
21.1 |
-3.6 |
-19.6 |
|
Deposit Withheld |
2.7 |
-0.9 |
-0.1 |
0.2 |
1.9 |
|
Accrued Expense |
4.3 |
0.4 |
0.4 |
0.3 |
1.0 |
|
Accrued Income Taxes |
5.6 |
1.8 |
-6.9 |
-0.5 |
7.9 |
|
Increase or Decrease in Derivative Liabi |
-0.1 |
-5.7 |
-30.0 |
0.5 |
- |
|
Deferred Income Tax Credit, A/L |
6.1 |
1.7 |
0.7 |
- |
- |
|
Reserve-Sales Guarantee |
- |
-2.0 |
-5.9 |
-6.4 |
-8.0 |
|
Payment-Retirement Bonus |
-7.1 |
-4.2 |
-9.0 |
-5.8 |
-5.5 |
|
Deposit-Retirement Insurance |
-1.5 |
-9.9 |
5.1 |
-5.6 |
-7.9 |
|
Reserve-National Pension |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Cash from Operating Activities |
175.7 |
99.6 |
163.0 |
105.5 |
120.2 |
|
|
|
|
|
|
|
|
Decrease-LT Loans |
0.1 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Decrease-Guarantee Deposit |
2.3 |
1.5 |
- |
- |
- |
|
Decrease-ST Financial Assets |
4.7 |
39.0 |
- |
- |
109.0 |
|
Proceeds from Sale of Long-term Financia |
- |
- |
0.0 |
0.0 |
- |
|
Disposal-Securities Available-for-Sale |
3.9 |
- |
0.0 |
0.0 |
0.5 |
|
Proceeds from Sale of Equity Method Secu |
6.3 |
- |
- |
- |
- |
|
Dividend Income, IP |
10.6 |
- |
- |
- |
- |
|
Disposal-Securities under Equity Method |
- |
- |
14.5 |
- |
- |
|
Disposal-Land |
- |
8.0 |
0.2 |
- |
0.0 |
|
Disposal-Buildings |
- |
0.0 |
0.4 |
- |
0.2 |
|
Disposal-Machinery & Equipments |
0.3 |
1.4 |
1.2 |
0.6 |
2.0 |
|
Disposal-Transportation |
0.1 |
0.1 |
0.0 |
- |
0.1 |
|
Disposal-Tools & Supplies |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Proceeds from Sale of Office Equipment |
- |
0.1 |
- |
0.0 |
- |
|
Disposal-Construction in Progress |
- |
- |
1.8 |
- |
- |
|
Increase-Government Subsidy |
0.8 |
1.4 |
1.9 |
1.2 |
1.2 |
|
Disposal-Other Tangible Assets |
- |
0.0 |
- |
- |
- |
|
Disposal-Trees |
0.0 |
- |
- |
- |
- |
|
Increase-Rent Deposit |
0.1 |
0.0 |
- |
- |
0.1 |
|
Increase-LT Loans |
-0.1 |
-0.1 |
0.0 |
- |
-0.1 |
|
Increase-Guarantee Deposit |
-2.6 |
-2.7 |
-3.3 |
-2.4 |
-7.5 |
|
Increase-Guarantee Deposit Received |
- |
- |
- |
0.5 |
0.0 |
|
Increase-ST Financial Assets |
- |
- |
-49.5 |
- |
-108.4 |
|
Increase-LT Financial Assets |
- |
0.0 |
-0.1 |
- |
- |
|
Increase-Securities under Equity Method |
-22.4 |
-43.8 |
-35.4 |
-20.2 |
-31.3 |
|
Increase-Securities Available-for-Sale |
-5.2 |
- |
- |
- |
-3.8 |
|
Increase-Land |
-0.2 |
0.0 |
-3.5 |
0.0 |
-26.5 |
|
Increase-Buildings |
-13.4 |
-3.9 |
-7.9 |
-3.9 |
-16.0 |
|
Increase-Structure |
-1.2 |
-0.4 |
-0.2 |
-0.4 |
-0.6 |
|
Increase-Tools & Supplies |
-12.2 |
-5.5 |
-6.8 |
-3.7 |
-8.4 |
|
Increase-Machinery & Equipment |
-35.5 |
-14.5 |
-18.1 |
-16.8 |
-11.9 |
|
Increase-Fixtures |
-4.7 |
-3.6 |
-2.1 |
-2.1 |
-2.2 |
|
Increase-Transportation |
-0.5 |
-0.3 |
-0.2 |
0.0 |
-0.4 |
|
Increase-Trees |
-0.1 |
- |
-0.1 |
-0.1 |
-0.2 |
|
Increase-Construction Progress |
-29.6 |
-47.3 |
-6.7 |
-17.4 |
-18.5 |
|
Decrease-Government Subsidy |
-0.3 |
- |
0.0 |
-0.1 |
0.0 |
|
Increase-Other Tangible Assets |
-2.5 |
-2.4 |
-0.9 |
-2.3 |
-3.5 |
|
Increase-Industrial Property Right |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase-Development Cost |
-16.7 |
-13.1 |
-16.1 |
-17.9 |
-14.2 |
|
Increase-Other Intangible Assets |
-5.1 |
-1.6 |
-1.1 |
-2.2 |
-1.8 |
|
Decrease-Guarantee Deposit |
- |
- |
-0.3 |
2.4 |
1.1 |
|
Decrease-Guarantee Deposit for Lease |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Increase-Guarantee Deposit Received |
- |
- |
- |
- |
0.0 |
|
Cash from Investing Activities |
-123.2 |
-87.7 |
-132.2 |
-84.8 |
-141.0 |
|
|
|
|
|
|
|
|
Increase-LT Borrowings |
- |
- |
34.3 |
- |
- |
|
Increase-Bond |
111.9 |
202.7 |
72.7 |
53.8 |
166.7 |
|
Increase-ST Borrowings |
293.1 |
646.1 |
1,172.6 |
1,574.2 |
2,162.3 |
|
Decrease-ST Borrowings |
-371.6 |
-764.1 |
-1,133.7 |
-1,531.1 |
-2,245.5 |
|
Dec-Current Portion of LT Liabilities |
-47.6 |
-101.9 |
-131.8 |
-101.2 |
-37.6 |
|
Increase-LT Accrued Payment |
- |
- |
- |
- |
0.6 |
|
Decrease-LT Accrued Payment |
-0.4 |
-0.4 |
-0.5 |
- |
-0.4 |
|
Cash from Financing Activities |
-14.7 |
-17.6 |
13.6 |
-4.3 |
46.0 |
|
|
|
|
|
|
|
|
Net Change in Cash |
37.9 |
-5.7 |
44.4 |
16.4 |
25.2 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
77.5 |
76.0 |
43.7 |
35.3 |
9.2 |
|
Net Cash Ending Balance |
115.4 |
70.2 |
88.1 |
51.8 |
34.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1120.28956 |
1156.281981 |
1164.307745 |
1155.056202 |
1145.278736 |
|
|
|
|
|
|
|
|
Net Income |
34.8 |
118.2 |
66.1 |
45.9 |
-0.7 |
|
Depreciation |
12.2 |
41.5 |
30.2 |
20.1 |
10.0 |
|
Amortization of Intangible Assets |
3.8 |
13.6 |
10.1 |
6.6 |
3.8 |
|
Expenses of Allowance for Doubtful Accou |
0.9 |
9.5 |
4.4 |
1.8 |
1.9 |
|
Expenses of Allowance for Other Doubtful |
1.6 |
2.0 |
1.2 |
1.4 |
1.3 |
|
Retirement and Severance Benefits |
3.2 |
13.6 |
10.5 |
7.3 |
2.7 |
|
Corporate Taxes |
6.6 |
- |
- |
- |
-0.6 |
|
Interest Expenses |
7.8 |
0.7 |
0.5 |
0.3 |
11.8 |
|
Sales Guarantee Expense |
0.4 |
1.8 |
0.9 |
2.4 |
- |
|
Losses on Foreign Currency Translation |
5.0 |
3.8 |
6.7 |
4.7 |
5.0 |
|
Losses on Sale of Trade Receivable |
0.9 |
11.5 |
7.5 |
5.2 |
0.5 |
|
Impairment Losses on Equity Method Secur |
- |
1.6 |
- |
- |
- |
|
Provision-Inventory Valuation Loss |
- |
0.3 |
- |
- |
- |
|
Losses on Reduction of Assets Available |
- |
- |
- |
- |
9.6 |
|
Loss-Derivatives Transaction |
0.0 |
1.8 |
1.7 |
1.4 |
- |
|
Losses on Valuation of Derivatives |
0.7 |
0.3 |
0.6 |
2.0 |
1.0 |
|
Losses on Sale of Property, Plant and Eq |
0.1 |
1.5 |
1.4 |
1.4 |
1.1 |
|
Losses on Valuation of Equity Method Sec |
- |
6.8 |
3.2 |
3.1 |
- |
|
Provision-Sales Guarantee |
- |
0.6 |
0.3 |
0.3 |
- |
|
Gain-Valuation of Currency Futures |
-1.7 |
-1.1 |
-2.7 |
-0.6 |
-1.7 |
|
Gain-Currency Forwards Transaction |
-0.1 |
-5.6 |
-3.1 |
-2.4 |
-1.4 |
|
Gains on Sale of Investment Assets |
- |
- |
-6.2 |
-6.3 |
- |
|
Gains on Sale of Property, Plant and Equ |
0.0 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Gains on Sale of Equity Method Securitie |
- |
-6.3 |
- |
- |
- |
|
Interest Income |
-1.1 |
-0.3 |
- |
-0.1 |
-0.4 |
|
Gain on Installment |
0.0 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
Gain-Valu. of Equity Method |
- |
-55.8 |
-38.6 |
-28.1 |
- |
|
Gains on Foreign Currency Translation |
-3.7 |
-0.7 |
-1.3 |
-4.7 |
-1.6 |
|
Recovery of Losses on Valuation of Inven |
- |
-0.2 |
-0.4 |
- |
- |
|
Recovery-Reduction of Invenroty |
-0.3 |
- |
- |
- |
- |
|
Trade Receivables |
-196.8 |
-176.2 |
-112.5 |
-46.2 |
64.5 |
|
Long-term Trade Receivables |
- |
- |
0.5 |
0.5 |
0.0 |
|
Account Receivable |
- |
-1.2 |
0.1 |
2.2 |
- |
|
Loans & Other Receivables |
-23.3 |
- |
- |
- |
-2.3 |
|
Non-Current Loans & Other Receivables |
3.0 |
- |
- |
- |
0.0 |
|
Decrease or Increase in Prepaid Expenses |
- |
-0.1 |
-1.0 |
-1.2 |
- |
|
Decrease or Increase in Advance Payments |
- |
4.6 |
3.3 |
2.3 |
- |
|
Prepaid Taxes |
- |
- |
-0.3 |
- |
- |
|
Decrease or Increase in Long-term Prepai |
- |
1.9 |
1.4 |
0.9 |
- |
|
Decrease or Increase in Accrued Revenues |
- |
0.0 |
-0.1 |
0.0 |
- |
|
Decrease or Increase in Inventories |
-13.8 |
-113.8 |
-86.6 |
-48.6 |
-31.1 |
|
Decrease or Increase in Derivative Asset |
0.0 |
10.8 |
9.0 |
6.9 |
2.7 |
|
Deferred Income Tax Debit, Current |
- |
-2.5 |
-0.9 |
-1.0 |
- |
|
Other Current Assets |
-18.6 |
- |
- |
- |
-53.9 |
|
Other Non-Current Financial Assets |
0.5 |
- |
- |
- |
- |
|
Cumulative Assets outside Company |
1.3 |
- |
- |
- |
0.7 |
|
Trade & Other Payable |
34.7 |
- |
- |
- |
-18.3 |
|
LT Trade & Other Payable |
0.0 |
- |
- |
- |
0.1 |
|
Increase or Decrease in Trade Payables |
- |
250.7 |
97.0 |
55.9 |
- |
|
Increase in Other Payables |
- |
37.5 |
-29.7 |
-16.5 |
- |
|
Decrease in Other Payable |
- |
- |
- |
-0.3 |
- |
|
Other Current Financial Liabilities |
-0.3 |
- |
- |
- |
- |
|
Provisions |
-3.1 |
- |
- |
- |
- |
|
Other Current Liabilities |
3.1 |
- |
- |
- |
- |
|
Increase or Decrease in Advances from Cu |
- |
-4.6 |
8.0 |
16.2 |
- |
|
Increase or Decrease in Withholdings |
- |
2.7 |
-0.5 |
-0.2 |
- |
|
Increase or Decrease in Accrued Expenses |
- |
4.3 |
19.5 |
13.0 |
- |
|
Increase or Decrease in Income Taxes Pay |
-3.0 |
5.6 |
2.1 |
-3.3 |
-0.3 |
|
Increase or Decrease in Derivative Liabi |
0.0 |
-0.1 |
-0.9 |
-0.2 |
-0.1 |
|
Increase-Deferred Income Tax Credit |
1.7 |
6.1 |
3.3 |
4.1 |
- |
|
Decrease in Reserve-Sales Guarantee |
- |
- |
- |
-4.8 |
- |
|
Increase in Reserve-Sales Guarantee |
- |
- |
- |
3.4 |
- |
|
Payment for Retirement and Severance Ben |
-1.2 |
-7.1 |
-4.4 |
-3.4 |
-0.7 |
|
Decrease Increase Deposits for Retiremen |
- |
-1.5 |
2.7 |
1.8 |
- |
|
Increase or Decrease in National Pension |
- |
0.0 |
0.0 |
0.0 |
- |
|
Employee Salary Liaibilities |
0.1 |
- |
- |
- |
0.1 |
|
Dividend Income, A/L |
- |
- |
- |
10.6 |
- |
|
Cash-Interest Received |
1.1 |
- |
- |
- |
0.3 |
|
Cash-Interest Paid |
-9.1 |
- |
- |
- |
-5.6 |
|
Cash-Tax Paid |
-6.0 |
- |
- |
- |
-4.1 |
|
Cash from Operating Activities |
-158.7 |
175.7 |
2.7 |
53.5 |
-6.0 |
|
|
|
|
|
|
|
|
Decrease in Long-term Loans |
- |
0.1 |
0.0 |
0.0 |
- |
|
Decrease in Deposits Provided |
0.0 |
2.3 |
2.2 |
2.0 |
0.5 |
|
Decrease-LT Security Deposit |
0.0 |
- |
- |
- |
- |
|
Decrease-Guarantee Deposit for Lease |
- |
0.0 |
0.0 |
- |
- |
|
Dividend Income-Affiliates |
- |
- |
10.5 |
- |
- |
|
Proceeds from Sale of Short-term Financi |
- |
4.7 |
4.6 |
4.7 |
4.7 |
|
Proceeds from Sale of Equity Method Secu |
- |
6.3 |
6.2 |
6.3 |
- |
|
Proceeds from Sale of Available for sale |
- |
3.9 |
- |
- |
- |
|
Decrease-Non-Current Assets Held for Sal |
12.5 |
- |
- |
- |
- |
|
Proceeds from Sale of Machinery |
- |
0.3 |
0.3 |
0.3 |
- |
|
Proceeds from Sale of Vehicles |
- |
0.1 |
0.1 |
0.1 |
- |
|
Proceeds from Sale of Tools |
- |
0.0 |
0.0 |
0.0 |
- |
|
Disposal-Trees |
- |
0.0 |
0.0 |
0.0 |
- |
|
Proceeds from Sale of Property Plant and |
0.0 |
- |
- |
- |
0.4 |
|
Increase-Government Subsidy |
- |
0.8 |
0.4 |
0.4 |
- |
|
Increase-Rent Deposit |
- |
0.1 |
0.0 |
- |
- |
|
Increase in Long-term Loans |
- |
-0.1 |
-0.1 |
0.0 |
- |
|
Increase in Deposits Provided |
- |
-2.6 |
-2.2 |
-0.6 |
- |
|
Increase-LT Guarantee Deposit |
-0.1 |
- |
- |
- |
-0.4 |
|
Dividend Income, IP |
- |
10.6 |
- |
- |
- |
|
Purchase of Equity Method Securities |
- |
-22.4 |
-18.3 |
-8.7 |
- |
|
Purchase of Available for sale Securitie |
- |
-5.2 |
- |
- |
- |
|
Purchase of Land |
- |
-0.2 |
-0.1 |
- |
- |
|
Purchase of Buildings |
- |
-13.4 |
-9.7 |
-9.0 |
- |
|
Purchase of Structures |
- |
-1.2 |
-0.9 |
-0.6 |
- |
|
Purchase of Tools |
- |
-12.2 |
-6.0 |
-3.2 |
- |
|
Purchase of Machinery |
- |
-35.5 |
-6.7 |
-3.6 |
- |
|
Purchase of Office Equipment |
- |
-4.7 |
-3.0 |
-1.6 |
- |
|
Purchase of Vehicles |
- |
-0.5 |
-0.3 |
-0.3 |
- |
|
Increase-Trees |
- |
-0.1 |
-0.1 |
-0.1 |
- |
|
Purchase of Construction in Progress |
- |
-29.6 |
-26.8 |
-16.4 |
- |
|
Decrease-Government Subsidy |
- |
-0.3 |
-0.2 |
- |
- |
|
Increase-Other Tangible Assets |
- |
-2.5 |
-1.7 |
0.0 |
- |
|
Purchase of Property, Plant and Equipmen |
-22.1 |
- |
- |
- |
-17.2 |
|
Purchase of Industrial Property Rights |
- |
0.0 |
0.0 |
0.0 |
- |
|
Purchase of Development Costs |
- |
-16.7 |
-8.5 |
-5.8 |
- |
|
Purchase of Other Intangible Assets |
- |
-5.1 |
-3.2 |
-2.2 |
- |
|
Purchase of Intangible Assets |
-5.4 |
- |
- |
- |
-3.5 |
|
Cash from Investing Activities |
-15.0 |
-123.2 |
-63.2 |
-38.1 |
-15.5 |
|
|
|
|
|
|
|
|
Proceeds from Issuance of Bonds |
- |
111.9 |
111.1 |
112.0 |
104.3 |
|
Proceeds from Short-term Borrowings |
- |
293.1 |
236.4 |
212.1 |
144.2 |
|
Capital Increase |
228.6 |
- |
- |
- |
- |
|
Repayments of Short-term Borrowings |
-26.9 |
-371.6 |
-288.6 |
-289.3 |
-201.5 |
|
Repayments of Current Portion of Long-te |
-26.8 |
-47.6 |
-30.1 |
-30.3 |
-17.5 |
|
Decrease-LT Accrued Payment |
- |
-0.4 |
-0.4 |
- |
- |
|
Cash from Financing Activities |
174.9 |
-14.7 |
28.5 |
4.5 |
29.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
0.0 |
|
Net Change in Cash |
1.2 |
37.9 |
-32.0 |
19.9 |
8.1 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalent at Beginning |
119.1 |
77.5 |
77.0 |
77.6 |
78.3 |
|
Cash and Cash Equivalent at End |
120.3 |
115.4 |
45.0 |
97.5 |
86.4 |
|
Cash Interest Paid |
9.1 |
- |
- |
- |
5.6 |
|
Cash Taxes Paid |
6.0 |
- |
- |
- |
4.1 |
|
|
|
Financials in: As Reported (mil)
|
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|
|
Financials in: As Reported (mil)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.68.93 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.