MIRA INFORM
REPORT
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Report Date : |
25.07.2011 |
IDENTIFICATION DETAILS
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Name : |
DOOSAN CORPORATION |
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Registered Office : |
18-12, Eulchiro-6 Ga, Joong-Gu, Seoul, 100-851 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
08.12.1933 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Holding Company engaged in multiple business |
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 : |
Good |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Exists |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Bottom of Form
Company name & address
Doosan Corporation
18-12, Eulchiro-6 Ga
Joong-Gu
Seoul, 100-851
Korea, Republic of
Tel: 82-2-33983182
Fax: 82-2-33981135
Web www.doosan.com
Synthesis
Employees: 2,782
Company Type: Public Parent
Corporate Family: 590
Companies
Traded:
Korea Stock Exchange: 000150
Incorporation Date:
08-Dec-1933
Auditor: Deloitte & Touche LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: South
Korean Won
Annual Sales: 19,929.8 1
Net Income: 229.2
Total Assets: 28,356.4 2
Market Value: 3,541.8
(08-Jul-2011)
Business Description
Doosan Corporation
is a holding company engaged in multiple business. It operates through three
business groups and two business units. Its business groups include electronic
business group, engaged in the manufacturing of phenols and epoxy copper clad
laminates used in printed circuit boards (PCBs); Mottrol business group,
engaged in the provision of hydraulic components and defense systems, as well
as apparel business group, engaged in the distribution of clothing lines of
POLO. Its business units consist of Glonet business unit, involved in the
provision of logistics services, the manufacturing of bio products and the
distribution of food supplies and soda ashes, as well as information &
telecommunication business unit, involved in the provision of information
technology (IT) services. It is also engaged in the manufacturing of generation
equipment, wastewater treatment systems, industrial equipment and forging
products, as well as construction businesses. For the fiscal year ended 31
December 2010, Doosan's total revenues increased 14% to W23.045T. Net loss
applicable to Common and before extraordinary items totaled W176.34B, vs a loss
of W77.76B. Revenues reflect increased sales ofPHENOL, EPOXY, MLB, and FCCLs.
Net income also benefited from higher dividend income, higher commission income
and higher gain on sale of property, plant and equipment.
Industry
Industry:- Electronic
Instruments and Controls
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3210 - Manufacture
of electronic valves and tubes and other electronic components
NAICS 2002: 334419 - Other
Electronic Component Manufacturing
UK SIC 2003: 3210 - Manufacture
of electronic valves and tubes and other electronic components
US SIC 1987: 3679 - Electronic
Components, Not Elsewhere Classified
Key Executives
Name Title
James B. Bemowski Vice Chairman
of the Board, Co-Chief Executive Officer
Gwang Ju Choi Co-President
Hae Bang Jung Internal
Auditor, Non-Executive Independent Director
Hak Cheol Kim Vice
President
Ki Sun Han President
Significant Developments
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Topic |
#* |
Most Recent
Headline |
Date |
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Mergers / Acquisitions |
2 |
Doosan Co., Ltd. to Acquire China-based Company and Establish New
Subsidiary |
28-Apr-2011 |
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Business Deals |
1 |
Doosan Co., Ltd. Signs Contract with Doosan Infracore Co., Ltd. |
25-Mar-2011 |
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Other Pre-Announcement |
1 |
Doosan Co., Ltd. Issues FY 2010 Operating Profit Guidance |
10-Aug-2010 |
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Equity Investments |
1 |
Doosan Co., Ltd. Announces Changes in Shareholding Structure |
9-Aug-2010 |
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Positive Earnings Pre-Announcement |
1 |
Doosan Co., Ltd. Issues FY 2012 Revenue Outlook Above Analysts'
Estimates |
8-Mar-2011 |
News
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Financial Summary
As of 31-Dec-2010
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Key Ratios |
Company |
Industry |
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Sales 5 Year Growth |
16.69 |
8.07 |
Stock Snapshot
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·
Profit & Loss Item Exchange Rate: USD 1 =
KRW 1156.282
·
Balance
Sheet Item Exchange Rate: USD 1 = KRW 1134.9
Corporate Overview
Location
18-12, Eulchiro-6 Ga
Joong-Gu
Seoul, 100-851
Korea, Republic of
Tel: 82-2-33983182
Fax: 82-2-33981135
Web: www.doosan.com
Quote Symbol - Exchange
000150 - Korea Stock Exchange
Sales KRW(mil): 23,044,504.0
Assets KRW(mil): 32,181,674.0
Employees: 2,782
Fiscal Year End: 31-Dec-2010
Industry: Electronic
Instruments and Controls
Incorporation Date: 08-Dec-1933
Company Type: Public
Parent
Quoted Status: Quoted
Vice Chairman of the Board,
Co-Chief Executive Officer: James
B. Bemowski
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Industry Codes
ANZSIC 2006 Codes:
1811 - Industrial Gas Manufacturing
7000 - Computer System Design and Related Services
1841 - Human Pharmaceutical and Medicinal Product Manufacturing
3711 - Textile Product Wholesaling
3020 - Non-Residential Building Construction
696 - Management and Related Consulting Services
2469 - Other Specialised Machinery and Equipment Manufacturing
2812 - Sewerage and Drainage Services
2429 - Other Electronic Equipment Manufacturing
NACE 2002 Codes:
7414 - Business and management consultancy activities
2413 - Manufacture of other inorganic basic chemicals
9001 - Collection and treatment of sewage
5141 - Wholesale of textiles
4521 - General construction of buildings and civil engineering
works
7222 - Other software consultancy and supply
2924 - Manufacture of other general purpose machinery not
elsewhere classified
3210 - Manufacture of electronic valves and tubes and other
electronic components
2442 - Manufacture of pharmaceutical preparations
NAICS 2002 Codes:
424310 - Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
541511 - Custom Computer Programming Services
333298 - All Other Industrial Machinery Manufacturing
325414 - Biological Product (except Diagnostic) Manufacturing
334419 - Other Electronic Component Manufacturing
236210 - Industrial Building Construction
325181 - Alkalies and Chlorine Manufacturing
221320 - Sewage Treatment Facilities
541611 - Administrative Management and General Management Consulting
Services
US SIC 1987:
3679 - Electronic Components, Not Elsewhere Classified
2836 - Biological Products, Except Diagnostic Substances
2812 - Alkalies and Chlorine
3559 - Special Industry Machinery, Not Elsewhere Classified
7371 - Computer Programming Services
1541 - General Contractors-Industrial Buildings and Warehouses
8742 - Management Consulting Services
5131 - Piece Goods, Notions, and Other Dry Good
4952 - Sewerage Systems
UK SIC 2003:
5141 - Wholesale of textiles
3210 - Manufacture of electronic valves and tubes and other
electronic components
2924 - Manufacture of other general purpose machinery not
elsewhere classified
45212 - Construction of domestic buildings
2413 - Manufacture of other inorganic basic chemicals
9001 - Collection and treatment of sewage
2442 - Manufacture of pharmaceutical preparations
74143 - General management consultancy activities
7222 - Other software consultancy and supply
Business Description
Doosan Corporation
is a holding company engaged in multiple business. It operates through three
business groups and two business units. Its business groups include electronic
business group, engaged in the manufacturing of phenols and epoxy copper clad
laminates used in printed circuit boards (PCBs); Mottrol business group,
engaged in the provision of hydraulic components and defense systems, as well as
apparel business group, engaged in the distribution of clothing lines of POLO.
Its business units consist of Glonet business unit, involved in the provision
of logistics services, the manufacturing of bio products and the distribution
of food supplies and soda ashes, as well as information & telecommunication
business unit, involved in the provision of information technology (IT)
services. It is also engaged in the manufacturing of generation equipment,
wastewater treatment systems, industrial equipment and forging products, as
well as construction businesses. For the fiscal year ended 31 December 2010,
Doosan's total revenues increased 14% to W23.045T. Net loss applicable to
Common and before extraordinary items totaled W176.34B, vs a loss of W77.76B.
Revenues reflect increased sales ofPHENOL, EPOXY, MLB, and FCCLs. Net income
also benefited from higher dividend income, higher commission income and higher
gain on sale of property, plant and equipment.
More Business
Descriptions
Holding company with subsidiaries involved in a wide range of businesses
including trade in foods, beverages, principally Sojoo and electronic products
Utilities Holding
Company
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Corporate Family |
Corporate
Structure News: |
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Doosan Corporation |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
19,929.8 |
2,782 |
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Subsidiary |
Chahngwon-Si, Gyeongsahngnam-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
17,652.0 |
6,328 |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Construction Services |
|
1,242 |
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Subsidiary |
Seoul |
Korea, Republic of |
Construction Services |
2,133.9 |
1,785 |
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Subsidiary |
Changwon |
Korea, Republic of |
Miscellaneous Capital Goods |
1,496.2 |
1,240 |
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Subsidiary |
Plzen |
Czech Republic |
Electronic Instruments and Controls |
314.7 |
990 |
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Subsidiary |
Bucharest |
Romania |
Iron and Steel |
96.2 |
752 |
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Subsidiary |
Changwon, Kyongnam-do |
Korea, Republic of |
Miscellaneous Capital Goods |
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610 |
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Subsidiary |
Bandarlampung, Lampung |
Indonesia |
Fish and Livestock |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Business Services |
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Subsidiary |
Renfrew |
United Kingdom |
Construction - Supplies and Fixtures |
1,314.8 |
6,060 |
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Subsidiary |
Tilbury |
United Kingdom |
Construction Services |
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20 |
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Subsidiary |
Crawley |
United Kingdom |
Construction - Supplies and Fixtures |
21.9 |
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Subsidiary |
Renfrew |
United Kingdom |
Miscellaneous Fabricated Products |
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Subsidiary |
Renfrew |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Crawley |
United Kingdom |
Commercial Banks |
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Subsidiary |
Crawley |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Incheon |
Korea, Republic of |
Construction and Agriculture Machinery |
6,879.1 |
4,877 |
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Subsidiary |
Frameries |
Belgium |
Construction and Agriculture Machinery |
185.0 |
363 |
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Subsidiary |
West Fargo, ND |
United States |
Construction and Agriculture Machinery |
|
110 |
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Branch |
Bismarck, ND |
United States |
Construction Services |
164.0 |
820 |
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Branch |
Gwinner, ND |
United States |
Miscellaneous Capital Goods |
164.0 |
500 |
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Branch |
Litchfield, MN |
United States |
Miscellaneous Fabricated Products |
35.9 |
185 |
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Branch |
Eugene, OR |
United States |
Construction and Agriculture Machinery |
122.3 |
150 |
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Branch |
Bismarck, ND |
United States |
Construction and Agriculture Machinery |
75.6 |
150 |
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Branch |
Hamilton, OH |
United States |
Construction and Agriculture Machinery |
11.9 |
115 |
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Branch |
Corona, CA |
United States |
Construction Services |
20.0 |
100 |
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Branch |
Doraville, GA |
United States |
Rental and Leasing |
15.7 |
100 |
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Branch |
Salt Lake City, UT |
United States |
Construction and Agriculture Machinery |
79.1 |
97 |
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Branch |
Elkhart, IN |
United States |
Construction Services |
16.0 |
80 |
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Branch |
East Syracuse, NY |
United States |
Construction Services |
14.0 |
70 |
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Branch |
Sacramento, CA |
United States |
Construction and Agriculture Machinery |
53.0 |
65 |
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Branch |
Fremont, CA |
United States |
Construction and Agriculture Machinery |
48.9 |
60 |
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Branch |
Fremont, CA |
United States |
Rental and Leasing |
9.4 |
60 |
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Branch |
Irving, TX |
United States |
Construction Services |
11.4 |
57 |
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Branch |
Schiller Park, IL |
United States |
Construction and Agriculture Machinery |
40.8 |
50 |
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Branch |
Stockton, CA |
United States |
Construction and Agriculture Machinery |
24.9 |
50 |
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Branch |
Tallmadge, OH |
United States |
Rental and Leasing |
7.9 |
50 |
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Branch |
Eugene, OR |
United States |
Construction and Agriculture Machinery |
36.7 |
45 |
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Branch |
Stockton, CA |
United States |
Construction and Agriculture Machinery |
35.0 |
43 |
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Branch |
North Reading, MA |
United States |
Construction Services |
8.6 |
43 |
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Branch |
Central Point, OR |
United States |
Construction and Agriculture Machinery |
32.6 |
40 |
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Branch |
Yakima, WA |
United States |
Construction and Agriculture Machinery |
20.2 |
40 |
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Branch |
Moraine, OH |
United States |
Construction Services |
8.0 |
40 |
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Branch |
Johnson City, TN |
United States |
Construction and Agriculture Machinery |
31.0 |
38 |
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Branch |
Houston, TX |
United States |
Construction and Agriculture Machinery |
28.5 |
35 |
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Branch |
Knoxville, TN |
United States |
Construction Services |
10.8 |
35 |
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Branch |
Commerce City, CO |
United States |
Construction Services |
7.0 |
35 |
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Branch |
Blue Springs, MO |
United States |
Construction Services |
7.0 |
35 |
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Branch |
Fort Mohave, AZ |
United States |
Construction Services |
5.4 |
32 |
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Branch |
Gaithersburg, MD |
United States |
Construction Services |
6.0 |
30 |
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Branch |
Tampa, FL |
United States |
Construction Services |
6.0 |
30 |
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Branch |
Pompano Beach, FL |
United States |
Construction Services |
6.0 |
30 |
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Branch |
Omaha, NE |
United States |
Construction Services |
5.6 |
28 |
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Branch |
Hayden, CO |
United States |
Construction and Agriculture Machinery |
21.2 |
26 |
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Branch |
Hilliard, OH |
United States |
Construction and Agriculture Machinery |
20.4 |
25 |
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Branch |
Fairfield, NJ |
United States |
Construction and Agriculture Machinery |
20.4 |
25 |
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Branch |
Cedar Rapids, IA |
United States |
Construction and Agriculture Machinery |
20.4 |
25 |
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Branch |
San Pedro, CA |
United States |
Construction Services |
8.6 |
25 |
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Branch |
O Fallon, MO |
United States |
Retail (Home Improvement) |
6.8 |
25 |
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Branch |
East Hartford, CT |
United States |
Construction Services |
5.0 |
25 |
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Branch |
San Antonio, TX |
United States |
Construction Services |
5.0 |
25 |
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Branch |
Hialeah, FL |
United States |
Construction Services |
5.0 |
25 |
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Branch |
Benton Harbor, MI |
United States |
Construction Services |
5.0 |
25 |
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Branch |
Orange, CA |
United States |
Construction Services |
5.0 |
25 |
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Branch |
Portland, OR |
United States |
Construction Services |
4.8 |
24 |
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Branch |
San Diego, CA |
United States |
Construction Services |
4.8 |
24 |
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Branch |
Houston, TX |
United States |
Construction and Agriculture Machinery |
17.9 |
22 |
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Branch |
Indianapolis, IN |
United States |
Construction Services |
4.4 |
22 |
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Branch |
Springfield, IL |
United States |
Construction Services |
4.4 |
22 |
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Branch |
Fairport, NY |
United States |
Construction and Agriculture Machinery |
16.3 |
20 |
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Branch |
Chichester, NH |
United States |
Construction and Agriculture Machinery |
10.1 |
20 |
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Branch |
Gainesville, GA |
United States |
Construction and Agriculture Machinery |
10.1 |
20 |
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Branch |
Cranberry Twp, PA |
United States |
Construction Services |
4.0 |
20 |
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Branch |
Fairview Heights, IL |
United States |
Construction Services |
4.0 |
20 |
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Branch |
Stratford, CT |
United States |
Construction Services |
4.0 |
20 |
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Branch |
West Palm Beach, FL |
United States |
Construction Services |
4.0 |
20 |
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Subsidiary |
Suwanee, GA |
United States |
Miscellaneous Capital Goods |
54.4 |
4 |
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Branch |
Statesville, NC |
United States |
Construction and Agriculture Machinery |
166.0 |
400 |
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Branch |
Pine Brook, NJ |
United States |
Miscellaneous Capital Goods |
19.0 |
35 |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Paper and Paper Products |
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1,230 |
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Subsidiary |
Ansan-Si, Gyeonggi-Do |
Korea, Republic of |
Containers and Packaging |
71.6 |
174 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Fabricated Products |
1.0 |
100 |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Retail (Department and Discount) |
|
70 |
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Subsidiary |
Seoul |
Korea, Republic of |
Construction Services |
13,905.3 |
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Subsidiary |
Changwon |
Korea, Republic of |
Miscellaneous Fabricated Products |
2,986.3 |
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Subsidiary |
Plzen |
Czech Republic |
Electric Utilities |
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Subsidiary |
Changwon |
Korea, Republic of |
Miscellaneous Capital Goods |
771.9 |
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Subsidiary |
Seoul |
Korea, Republic of |
Personal and Household Products |
320.5 |
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Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
1.0 |
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Subsidiary |
Kowloon, Kowloon |
Hong Kong |
Auto and Truck Parts |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Investment Services |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Computer Hardware |
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Executive report
Board
of Directors
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Vice-Chairman and Co-Chief Executive
Officer |
Chairman |
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Co-Chairman of the Board, Co-Chief
Executive Officer |
Chairman |
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Assistant Managing Director |
Chairman |
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Vice Chairman of the Board, Co-Chief
Executive Officer |
Vice-Chairman |
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Vice Chairman of the Management Board |
Vice-Chairman |
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Vice Chairman of the Board, Co-Chief
Executive Officer |
Vice-Chairman |
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Vice Chairman of the Board |
Vice-Chairman |
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Assistant Managing Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Internal Auditor, Non-Executive
Independent Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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President, Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Internal Auditor, Non-Executive
Independent Director |
Director/Board Member |
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Executives |
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Vice Chairman of the Board, Co-Chief Executive
Officer |
Chief Executive Officer |
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Vice Chairman of the Board, Co-Chief
Executive Officer |
Chief Executive Officer |
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Co-Chairman of the Board, Co-Chief
Executive Officer |
Chief Executive Officer |
RT |
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Assistant Managing Director |
Chief Executive Officer |
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Co-President |
President |
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President |
President |
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Co-President |
President |
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Co-President |
President |
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Co-President |
President |
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President, Director |
President |
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Managing Director-Books |
Division Head Executive |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Significant Developments
Doosan Co., Ltd. to Acquire China-based Company and Establish New
Subsidiary
Apr 28, 2011
Doosan Co., Ltd.
announced that it will acquire entire shares of a China-based manufacturer of
copper clad laminate, for KRW 24,837,700,000, to expand sales in China market.
The transaction will be settled on May 31, 2011. After the transaction, the
Company will hold a 100% stake of the China-based company. The Company also
announced that it will establish a new wholly owned subsidiary in China. The
new entity, to be capitalized at KRW 32,397 million, will be mainly engaged in
the manufacture and sale of hydraulic for excavator. The expected transaction
settlement date is July 25, 2011.
Doosan Co., Ltd. Signs Contract with Doosan
Infracore Co., Ltd.
Mar 25, 2011
Doosan Co., Ltd.
announced that it has signed a contract with Doosan Infracore Co., Ltd. to
supply logistics services. The contract amount is KRW 384,500,000,000.
Doosan Co., Ltd.
Issues FY 2012 Revenue Outlook Above Analysts' Estimates
Mar 08, 2011
Doosan Co., Ltd.
announced that it expects the full year 2011 revenue and operating profit to
record KRW 3996.8 and KRW 638 billion, respectively. According to Reuters
Estimates, analysts on average are expecting the Company to report revenue of
KRW 1940.49 for fiscal year 2011.
Doosan Co., Ltd.
Declares Annual Cash Dividend for FY 2010
Jan 28, 2011
Doosan Co., Ltd.
announced that its Board of Directors has declared an annual cash dividend of
KRW 2,000 per share of common stock and KRW 2,050 per share of preferred stock
for the fiscal year 2010 to shareholders of record on December 31, 2010. The
dividend rates of market prices are 1.3% (common shares) and 4.1% (preferred
shares), respectively. The total cash dividend amount is KRW 46,933,365,100.
Doosan Co., Ltd.
Acquires n.shaper
Nov 23, 2010
Doosan Co., Ltd.
announced that it has acquired 980,335 shares of n.shaper, which is mainly
engaged in the insurance agent and agency business, for KRW 27.3 billion, from
Doosan Heavy Industry & Construction Co, to expand holding business. After
the transaction, the Company will hold 1,217,514 shares, or 100% of xx company.
Doosan Co., Ltd.
Issues FY 2010 Operating Profit Guidance
Aug 10, 2010
Doosan Co., Ltd.
announced that it expects its fiscal year 2010 operating profit to record KRW
292 billion, respectively.
Doosan Co., Ltd.
Announces Changes in Shareholding Structure
Aug 09, 2010
Doosan Co., Ltd.
announced that Mirae Asset Investment Management Co.,Ltd. and its one related
party have acquired a total of 1,379,560 shares of the Company, representing a
5.51% stake.
Doosan Co., Ltd.
Declares Quarterly Cash Dividend for FY 2010
Jul 23, 2010
Doosan Co., Ltd.
announced that it has declared a quarterly cash dividend of KRW 500 per share
on its common stock and preferred stock to shareholders of record on June 30,
2010 for the fiscal year 2010. The total cash dividend amount is KRW
11,646,269,500.
Renewable electricity target has brought confidence
and investors
Herald, The (Scotland): 21 July 2011
[What follows is the full text of the news story.]
I WISH to clarify
inaccuracies from Struan Stevenson, MEP (Letters, July 19).
Far from being
"useless", wind turbines now provide us with around 15% of Scotland's
annual electricity needs. Wind power is now the main source of renewable
electricity in Scotland.
Far from being
twice the cost of nuclear, Mr Stevenson'sConservative Party colleagues in
government at Westminster have published reports which show onshore wind power
costs as comparable and forecast that renewables will actually save consumers
money in the longer term due to increases in the cost of oil and gas.
In Scotland the
Government increased its renewable electricity target to 100% of equivalent
Scottish demand, not 80% as stated in his letter. That has given investors
confidence and brought Gamesa, Doosan and Mitsubishi to Scotland and Scottish
companies like Weir Group and Wood Group to this new market.
As one of
Scotland's MEPs and president of the European Parliament's Climate Change,
Biodiversity & Sustainable Development Intergroup, we would expect Mr
Stevenson to get behind work to build a competitive and sustainable economy.
Niall Stuart,
Chief executive,
Scottish Renewables,
49 Bath Street,
Glasgow.
I AGREE with Mr
Struan Stevenson's views on wind farms, but I would like to correct his last
statement about there being none on the Pentland Hills because of politicians
not wanting to see them from Holyrood. There are none on the Pentlands because
of a five- year fight by Midlothian Council supported by a local group,
Penicuik Environment Protection Association. The Midlothian Local Plan Reporter
is to be commended in recognising the priceless asset we have in the Pentland
Hills and this was followed through by the two Government Reporters at the
Auchencorth Public Inquiry. What a tragedy it is that elsewhere local council
decisions have been overruled by Government Reporters. Sadly there are other
battles for the Pentlands ongoing.
Celia Hobbs,
Dykeneuk, Peebles
Road, Penicuik.
Asia In Focus: 20 July 2011
[What follows is the full text of the news story.]
SEOUL, July 20
Asia in Focus - The KOREA SOUTH-EAST POWER CO. (KOSEP), a unit of the state-run
KOREA ELECTRIC POWER CORP., said Wednesday that it has completed a wind farm
with nine South Korea-produced wind power turbines off the west coast of the
country. The wind power farm, located in a thermal power plant complex on
Yeongheung Island, can generate up to 22 megawatts of electricity, providing
power to 12,000 homes annually, according to KOSEP.
* The wind farm is
expected to reduce some 3,000 tons of carbon dioxide emissions a year, helping
the country cut back on greenhouse gas emissions and provide clean electricity.
* The 56 billion
won (US$53 million) wind farm has nine wind power turbines, built by three
domestic builders such as UNISON CO. (KSE:018000), SAMSUNG HEAVY INDUSTRIES CO.
(KSE:010140) and DOOSAN HEAVY INDUSTRIES AND CONSTRUCTION CO. (KSE:034020),
according to KOSEP.
ASIA IN FOCUS cg
20-07 1700
Philippines News Agency: 19 July 2011
[What follows is the full text of the news story.]
SEOUL, July 20,
2011(PNA/Yonhap) -- The Korea South-East Power Co. (KOSEP), a unit of the
state-run Korea Electric Power Corp., said Wednesday that it completed a wind
farm with nine South Korea-produced wind power turbines off the west coast of
the country.
The wind power
farm, located in a thermal power plant complex on Yeongheung Island, can
generate up to 22 megawatts of electricity, providing power to 12,000 homes
annually, according to KOSEP.
The wind farm is
expected to reduce some 3,000 tons of carbon dioxide emissions a year, helping
the country cut back on greenhouse gas emissions and provide clean electricity.
The 56 billion won
(US$ 53 million) wind farm has nine wind power turbines, built by three
domestic builders such as Unison Co., Samsung Heavy Industries Co. and Doosan
Heavy Industries and Construction Co., according to KOSEP.
"This is the
first wind farm to comprise mid- and large-sized turbines produced by domestic
firms," said KOSEP.
The South Korean
government has been pushing to promote wind power generation as the global wind
power market is expected to grow 20 to 30 percent annually to reach 150
trillion won in 2015.
KOSEP said it has
a plan to build an additional 30-megawatt wind power farm in the complex and
extend its business abroad.
"We will
participate in projects in Romania and Macedonia starting early next
year," said the company. (PNA/Yonhap)
(THROUGH ASIA
PULSE)
20-07 2011
Process Engineering: 19 July 2011
[What follows is the full text of the news story.]
Solids Handling
& Processing Association (SHAPA) chairman Allan Wilkie has received the
IMechE 2010 Solids Handling Award at the recent Bulk Materials Handling
committee meeting. Wilkie received the award for services to the UK pneumatic
conveying and solids handling industry during his 40-year-plus career including
a six-year term as chairman of SHAPA council until his retirement. Prior to
this he had served on SHAPA committees for several years.
Pneumatics company
Thorite has appointed Mike Armstrong as national accounts manager. Armstrong is
a compressed air and pneumatics professional with 25 years� experience &
applications knowledge. He has track record for delivering reduced purchasing
costs by improving stock logistics. He spent eight years with Thorite
previously, rising to become operations manager, before leaving two years ago
to join Easilift Loading Systems as service operations manager.
Bayer
MaterialScience has appointed Peter Vanacker, formerly head of its
polyurethanes business, to an executive committee position as head of industrial
marketing and innovation, as of 1 July. In his new role, Vanacker will be
responsible for driving industrial marketing and innovation at BMS, and lead
its development business activities in functional films and carbon nanotubes,
among others.
Bayer MaterialScience
has appointed Dr. Joachim Wolff to succeed Peter Vanacker as head of its
polyurethanes business unit. Daniel Meyer joins the executive committee and
succeeds Wolff as head of the BMS coatings, adhesives and specialties business
unit. Meyer was previously head of marketing and business development within
this business unit in the Asia Pacific Region.
Doosan Power
Systems apprentice Jake Rambaldini will be flying the flag for the UK�s
engineering construction sector at WorldSkills later this year after being
selected to represent the country in the welding competition at the event.
Rambaldini, from Daventry, East Midlands, recently finished an ECITB NVQ Level
3 Welding apprenticeship at Doosan Power Systems, and in 2010 he won a gold
medal at SkillWeld, a UK welding competition. WorldSkills, known as the Skills
Olympics, is the world�s largest vocational skills competition. This year
London is hosting the event at the ExCeL Centre, 5-8 Oct.
Ener-G has
appointed Craig Allen as group manufacturing director, a role including
responsibility for cogeneration systems from 4kW to 10MW and engines in sizes
from 165kW to 2MW for biogas applications. Allen joins from automotive supplier
Magna Decoma, where in his two years as operations manager. Previously he held
senior positions at CPI Card Group Ltd, and at PPG Industries (UK) Ltd, where
he introduced lean manufacturing and optimised product and data flows.
Marcel Heugen, an
expert in machine vision and industrial automation engineering, will now serve
as a senior consultant for PPT Vision�s European headquarters in the
Netherlands. Heugen held leadership roles in machine vision engineering at
Simac Masic & TSS bv, SAC GmbH (Sirius Advanced Cybernetics) before
launching his own business, SAC Nederland, Vision Competence Center, in 2005.
In his new assignment, as founder of Vision Consultancy, he will support an
expanding network of PPT VISION certified integrators, distributors and
business partners throughout Europe.
AMEC has appointed
Philip Bourne as managing director of its Europe environment &
infrastructure (E&I) business. The company has also promoted Richard
McLaren to managing director for the UK E&I business. Bourne, who is based
in AMEC�s Newcastle-upon-Tyne office, is a chartered engineer with 20 years
of global experience, predominantly in water and wastewater across Latin
America, the Middle East and the UK. Prior to joining AMEC, he served as
regional director for north Latin America with Halcrow. McLaren, also a
chartered engineer, was previously a director of Entec, which was acquired by
AMEC in 2010. He has been with Entec for 14 years and has been involved in a
variety of major multidisciplinary projects across a wide range of
sectors.�He is based in the company�s Leamington Spa offices.
Hilllside, New
Jersey-headquartered Vanton Pump & Equipment Corp. has appointed Lawrence
Lewis as president and Kenneth Comerford as vicepresident. Lewis joined the
privately held manufacturer in 1991 and formerly held the position of executive
vice president. As president he succeeds his father, Gerald Lewis, who
co-founded the company in 1950. Comerford started with the company in 1982 and
was previously vice president sales.
John Reynolds has
been appointed distribution manager for the south by FLIR Systems. Having
secured an honours degree in electronic engineering in 2000, Reynolds then
turned his academic knowledge into practical application when he joined City
Electrical Factors as part of the internal sales team.� His next move within
the industry was to RS Components where, as territory sales manager, he was
responsible for managing a base of 2000 accounts comprising large blue chip
companies through to sole traders. In 2008 Reynolds joined Fluke UK as area
sales manager, responsible for managing its wholesale activities in the South
East and this gave him an introduction to the world of thermal imaging.
Vision systems
integrator, Olmec-UK Ltd, has expanded its mechanical design and on-site
installation departments. Petra Millberg has joined the design group, while
Andrew Pounder has strengthened the company�s on-site systems integration
team. Millberg has a masters degree in mechanical engineering from the
University of Florida and is specialising in conceptual design and documentation
on Olmec-UK projects. Pounder brings experience of working with OEMs on
installation and maintenance issues, particularly in the packaging industry.
Mark Whitmore has
been appointed as the general manager of Boge UK. Whitmore has spent over 20
years working within the compressed air industry in a variety of sales and
management positions in both the UK and overseas. He brings industry
experience, coupled with strong client and management skills, to the role. As
general manager, Whitmore will be responsible for developing the business
throughout the UK and Ireland including strengthening the distribution network.
Flexitallic UK,
part of industrial static sealing products group FDS, has appointed Jonathan
Brough as its new sales director. Prior to joining Flexitallic, Jonathan was
sales director at E & L Engineering Ltd, with responsibility for strategic
direction and managing customer relationships. He has also spent much of his
career in the armed forces, including five years as a combat engineer in the French
Foreign Legion.
The UK subsidiary
of Foster Wheeler �s Global Engineering and Construction Group has been
awarded, for the fourth year running, the Order of Distinction Award for
Occupational Health and Safety by the UK�s Royal Society for the Prevention
of Accidents (RoSPA). It is also its 18th consecutive RoSPA Gold Award for
health and safety performance on UK and international projects. The Order of
Distinction is RoSPA�s highest achievement award and is only presented to
those companies which have attained at least 15 consecutive RoSPA Gold Awards
for outstanding health and safety performance on projects around the world.
Brian Davis has
been appointed vice president of Shell Global Base Chemicals, succeeding Graham
van�t Hoff who has become chairman for Shell in the UK. Previously VP
downstream strategy, Davis� experience at Shell spans process technology,
refinery operations, supply chain and strategy. He joined Shell�s Clyde
refinery in Australia in 1988 after graduating in chemical engineering from the
University of Sydney. He moved to The Netherlands in 1994 to manage refining
strategy and oil market analysis, and then to Turkey in 1997 where he led
refining, supply and distribution operations.� After running Shell�s global
crude oil chartering activities from London, Davis became general manager of
Shell West Supply and Trading in Barbados.�Returning to London in 2005, he
was general manager for supply strategy Americas and then for lubricants supply
chain in Europe and Africa. He took up the role of VP downstream strategy in
2009.
National
Instruments UK & Ireland has appointed Kyle Voosen as its new director of
marketing.�Previously product marketing group manager for Industrial &
embedded systems at NI corporate HQ in Austin, Texas, he takes responsibility
for NI UK & Ireland marketing strategy and execution. Voosen began his NI
career in 2001 on its engineering leadership programme as an applications
engineer in Austin. He moved into product marketing two years later, as product
marketing manager for machine vision and image processing. In 2006, Voosen
spent six months at the NI Germany office as a technical marketing engineer,
focused on industrial and embedded products. �This was followed by a stint
back in the US as the NI Vision business development manager. Since 2009,
Voosen has lead a team of product managers and marketing engineers, in his role
as industrial embedded group manager.
Jason Atkinson,
who is on Byworth Boilers� apprenticeship scheme has achieved runner-up spot
in the national final of the Electrical Apprentice of the Year competition.
Atkinson joined the boiler maker as an electrical apprentice in its hire
division. To gain wider experience, he moved across to work in the workshop
building panels and wiring boilers. Now, having completed his training
programme, he is involved in servicing Byworth boilers all over the country.
Atkinson has also passed his NVQ Level 2 and 3 exams in electrical
installation, City and Guilds 2330, and enrolled on a HNC electrical power and
utilisation day-release course at Bradford College.� Eventually he aims to
move into R&D and the design of electrical and mechanical systems.
Woodside has
appointed Peter Coleman as chief executive officer and managing director, as of
30 May. He will succeed Don Voelte, who is to retire after seven years with the
company. Coleman joins Woodside with 27 years� industry experience with the
ExxonMobil group, where he has filled a variety of roles in Australia, Africa,
Asia and the US. An Australian citizen, Coleman�s most recent position was
vice president of the ExxonMobil Development Co., with responsibility for oil
and gas developments around the world. This included ExxonMobil�s Papua New
Guinea liquefied natural gas project, and oil and gas developments in Malaysia,
Indonesia and Australia.
Dr. Thomas
Bieringer is to take over as managing director of the INVITE GmbH research
company, which works on new production concepts for the �Factory of the
Future�, as of 1 July. The PhD physicist succeeds Michael Lorenz , who led
the Chempark Leverkusen-based technology centre since the joint venture between
Bayer Technology Services (BTS) and Technical University Dortmund was
established in 2010. The departing MD is assuming new duties at BMS�
industrial operations unit. Read more
AMEC has appointed
John Connolly to succeed Jock Green-Armytage as chairman. Connolly, who is
retiring from his current role as chief executive of Deloitte UK and global
chairman of Deloitte Touche Tohamatsu, will join the AMEC board on 1 June. A
chartered accountant, he spent three years establishing an office in the Middle
East before returning to the UK in 1980 following the Touche Ross merger with
Mann Judd.� Connolly took over the operations of all regional offices in 1987
and the London and southern offices in 1990.� In 1995, he was appointed
managing partner of all practice offices and in 1999 he was made the senior
partner and chief executive of Deloitte UK .
Echotect BV has
appointed John Flaye as international commissioning director to oversee the
design and installation of its technology in plants worldwide. Flaye has 25
years� experience in project management of factory builds and installation
for multinationals, including HJ Heinz and John West Foods. He served in the
armed forces, before embarking on a career in the food and nuclear industries,
graduating as an electrical engineer during this time. Echotect�s technology
can provide a recyclable alternative to engineered stone by combining waste
plastics with fine aggregate by-products.
Three graduate
interns have provided Spalding-based Guttridge Ltd with extra resources to
analyse, review and improve its on-going processes. They have also contributed
to a new R&D project, making presentations to potential customers and
partners of the bulk-powder-handling machinery maker. The trio, Anushka
Devaser, Edozie Nnoruka and Alex Jen Ken, were all from the Leicester
University Graduate Internship Program.
Jee, a pipeline,
riser and subsea engineering and training company for the oil, gas and
renewables industries, has added industry specialist Jonathan Lindsay to its
management team. With his appointment, on 1 May, Lindsay heads up the Aberdeen
office and be responsible for operations and performance. He has worked in all
aspects of the subsea oil and gas industry over the past 20 years, from dealing
with offshore trenching and construction to running multi-disciplinary,
multi-company project teams.
Linde AG is to
extend the contract of Prof Dr Wolfgang Reitzle, chief executive officer of
Linde AG, by two years until May 2014. The contract was due to expire on 9 May
2012. The extension takes account of the age limit stipulated in the group�s
procedural rules. Reitzle has been on Linde�s executive board since May 2002
and its chairman since January 2003. His first term of office was due to expire
on 9 May 2007, but in May 2006 the board renewed his appointment as CEO for a
further five-year term expiring on 9 May 2012.
Automation company
Perceptive Engineering Ltd has appointed Dr. Clive Elphick as non-executive
director. Elphick�s career spans 20 years in the water industry, latterly as
managing director of asset management and regulation for United Utilities. He
is a former chairman of the CBI for the North West of England and currently
holds non-executive directorships with the Northwest Regional Development
Agency and the Northern Ireland Authority for Utility Regulation. Perceptive
supplies automation solutions, offering predictive control and predictive
management of complex plant and assets across a range of sectors.
Process Systems
Enterprise, supplier of gPROMS process optimisation technology has appointed
Dale Curtis Jr. as president of its Americas operation PSE Inc. Curtis has over
15 years� experience in sales, strategic business development, marketing and
management within the materials and life science industries. He will be
responsible for expanding PSE�s Americas customer base of large process
industry organisations. Curtis Jr. was previously director of strategic account
management for Freeslate, Inc., and, before that, director of business
development for Symyx Technologies Inc.
The Association of
Loading and Elevating Equipment Manufacturers (ALEM) has appointed Andy Georgiou
as its new president. He is widely experienced in the industry and has headed
up Stertil Stokvis�s loading bay division since 2007. �At a time when the
Health and Safety executive is making severe cuts in the number of inspectors
working in industry,� said Georgiou. �I feel that it�s more important
than ever to ensure that ALEM works tirelessly to uphold standards of
manufacturing, installation and after sales service.� Also newly appointed,
to serve as ALEM�s vice president, is Marcus Clissold of Pickerings Lifts.
Oxfordshire-based
LTi Metaltech has appointed Edgar Rayner as engineering manager.Tim Arbuthnot
as sourcing and planning manager and Theo Becker to lead operational
manufacturing activity. Rayner joins from Siemens Magnet Technology, where he
introduced a global supply chain and managed new technology introductions.
Arbuthnot and Becker were both recruited from GE Healthcare Oxford and
previously worked for Oxford Magnet Technology, now part of Siemens. The
apppointments are to help Metaltech transfer its engineering/welding skills
into new applications in the cryogenics, renewables and nuclear sectors.
People & Skills Tracker Jan-May 2011
People & Skills Tracker 2009-10
New York Times: 19 July 2011
[What follows is the full text of the news story.]
SEOUL -- On the
day South Koreans rejoiced over the selection of Pyeongchang as the host city
of the 2018 Winter Olympics, prosecutors continued to peel back layers of a
long-hushed dirty secret of the nation's sports landscape.
Since June, 55
professional soccer players have been indicted in the biggest match-fixing
scandal in South Korean history. Prosecutors called the problem ''endemic.''
Almost 1 in 10 players in the K-League, Korea's professional league, have been
indicted, prompting it to introduce lie-detector tests and to break into two
eight-team divisions, with teams caught manipulating the outcome of games being
relegated to the lower division. The league said it would also double the
minimum annual salary for a player to almost $23,000, hoping the added pay
would reduce the temptation to take bribes.
Observers say that
match-fixing is an outgrowth of a number of problems that have plagued South
Korea for decades: widespread mistreatment of young athletes; poor salaries; a
culture that demands blind respect of authority; and Korean society's lax
ethical standards on corruption.
While cheering
Pyeongchang's success, South Koreans hardly seemed to notice that their Olympic
campaign was led by three business tycoons who had each been convicted of
corruption: Lee Kun-hee of Samsung, Cho Yang-ho of Korean Air and Park
Yong-sung, a former chairman of the Doosan conglomerate and now head of the
Korean Olympic Committee.
''Koreans are
obsessed with winning Olympic golds and hosting megasports events like the
Olympics,'' said Chung Hee-joon, a professor of sports science at Dong-A
University who contends that there is corruption in all sports in South Korea.
''But other than
that, they pay little attention, don't care,'' Chung said. ''So widespread
human rights violations, abuse of young athletes, beatings and violence in
sports go ignored.''
Chung's contention
was reflected in a 2008 report by the government's National Human Rights
Commission that said nearly 80 percent of student athletes in middle and high
schools were subjected to physical and verbal abuse from their coaches and
older teammates. Of the 1,139 students surveyed, 63.8 percent also reported
sexual abuse. In a separate survey on primary school athletes, the commission
reported that coaches used ''batons, hands, baseball bats and tennis rackets''
to beat young players in the name of discipline.
Nothing galvanizes
South Koreans more than major international sports events. Star athletes like
the Olympic figure skating champion Kim Yu-na have become national heroes.
But most others
languish under minuscule wages and social prejudice against athletes. K-League
players who make the starting lineups usually earn only $47,000 a year; lesser
players make about $950 a month.
''That makes our
young players vulnerable to things like match-fixing,'' said Cho Jung-soo, a
former head of the Korea Football Association's disciplinary board.
Yeom Dong-kyun,
one of the players indicted, told the JoongAng newspaper from prison, ''I
joined the match-fixing without much compunction because I had heard that it's
widespread in the league.''
In May, another
player was found dead in a hotel room. In a suicide note, he apologized for
bringing other players into the match-fixing.
''We are at a loss
for words,'' said Chung Mong-gyu, president of the K-League, ''as we try to
apologize for causing disappointment for the people at a time when the whole
nation is united in rejoicing over Pyeongchang.''
This is a more complete version of the story than the one that appeared
in print.
Australian
Government: 15 July 2011
[What follows is
the full text of the news story.]
Australia, July 15 -- Doosan Corp., Seoul, Republic of Korea, owns the
trademark (1361689) for 'DOOSAN' from May 13, 2010, through May 13, 2020.
Status: Registered/Protected
Class/es: 11 [Air
filtering installations; air purifying apparatus and machines; steam
superheaters for industrial purposes; desalination plants; water filtering
apparatus; water purifying apparatus and machines; heat exchangers; apparatus
for distilling; refining towers for distillation; evaporators; water intake
apparatus; purification installations for sewage; heat exchangers for chemical
processing; distillers for chemical processing; evaporators for chemical
processing; HRSG (heat recovery steam generator); HRSG (heat recovery steam
generator) for power plants; heating furnaces for industrial purposes; soaking
pit furnaces for industrial purposes; industrial furnaces; crucibles for
industrial purposes; hot blast furnaces for industrial purposes; melting
furnaces for industrial purposes; electric furnaces for industrial purposes;
carbonizing furnaces for industrial purposes; rotary kilns for industrial
purposes; blast furnaces; atomic piles; revolving furnaces; water purifiers for
household purposes; microwave ovens for industrial purposes; toilet bowls; bath
installations; gas boilers; air reheaters; water heaters [apparatus]; boilers,
other than parts of machines; heat pumps; thermostatic valves [parts of heating
installations]; steam generating installations; steam boilers, other than parts
of machines; steam accumulators; heat accumulators; heat regenerators;
freezers; cooling domes; cooling installations and machines; refrigerating
appliances and installations; cooling evaporators; cooling towers; cooling
installations for liquids; ventilation devices and installations; gas lamps;
water supply installations; water distribution installations; pressure water
tanks; faucets for pipes; lighting apparatus and devices for ships; heating and
cooling systems for aircrafts; heaters for railway vehicles; ventilation
[air-conditioning] installations and apparatus for automobiles; ice machines
and installations; regulating and safety accessories for gas pipes; regulating
accessories for water or gas apparatus and pipes; level controlling valves in
tanks; pipe line cocks [spigots]; electric lighting apparatus; humidifiers], 37
[Gas pipe laying services; construction of gas storage tanks; construction of
foundations for buildings; repair work on buildings; rental of construction and
building equipment; construction engineering consultancy services; construction
engineering; construction information; factory construction; bridge
construction; demolition of bridges; rental of excavating machines; rental of
excavators; construction of insulation; construction of dams and water storage
facilities; construction of power plants; building construction supervision;
oil pipeline construction; construction of power-line towers; hydro-electric
factory construction; apartment construction; building construction; canal and
waterway construction; atomic reactor construction; electric appliance
installation; concrete works; rental of cranes (construction equipment);
installation of photovoltaic power generation installations; construction of
pipelines; installation of environmental hygience treatment appliances;
installation of wind power plants; construction of nuclear installations;
repair or maintenance of construction machines and apparatus; air conditioning
apparatus installation and repair; industrial furnaces installation and repair;
boiler installation and repair; HRSG(heat recovery steam generator)
installation and repair; repair of metalworking machine and apparatus; repair or
maintenance of melt-cutting machines; repair or maintenance of pipes for water
supply and drainage; desalination plants construction; desalination plants
repair; repair of prime movers; installation and maintenance of prime movers;
advisory services relating to the installation of generators; installation of
electricity generators; advisory services relating to the installation of power
plants; advisory services relating to the maintenance of plumbing; repair of
marine engines; repair of engine parts for ships; repair or maintenance of
cranes for ships; repair of diesel engines; vehicle service stations
(refueling, maintenance and repair); repair of parts of engines; heat
exchangers installation and repair; furnace installation and repair; renovation
of nuclear plant; repair of cranes; repair of turbines; repair of RMQC(rail
mounted quayside gantry crane); repair of RTGC(rubber tyred gantry crane);
repair of oil refining plants; repair of heavy equipment; computer hardware
installation; maintenance of computer hardwares; repair of machines and
apparatus for civil engineering and construction; pipeline maintenance; repair
or maintenance of effluent treatment equipment; oil and gas drilling; cleaning
of air conditioning apparatus; cleaning of industrial installations; cleaning
of storage tanks; plumbing; repair of pipeline systems; installation of
incinerators; repair or maintenance of incinerators] and 40 [Processing of
steel materials; rolling of steel materials; processing of steel materials by
heat treatment; cutting of steel materials; special metal processing of
construction machines and apparatus; rot prevention treatment of buildings;
processing of rubbers and plastics; heat treatment of metals and alloys;
processing of metals; extruding of metals; metal treating; machining;
processing of machine metal parts; electricity generating; boiler-making;
chemical treatment of boiler pipework; surface treatment of boilers; chemical
treatment of boilers; petroleum refining; ceramic glazing; production of
energy; regeneration of water; water treatment and purification; refining of
crude oil; processing of automobile metal parts; electrochemical treatment;
moulding of concrete; recycling of waste and trash; nuclear waste treatment;
chemical treatment of waste products; printing; photographic printing;
treatment of waste water; services for the treatment of sewage; treatment of
waste materials relating to environmental pollution control; rental of
generators; chemical decontamination of nuclear plant]
Type of Mark: Word
Lodgement Date:
May 13, 2010
Date of
Acceptance: Feb. 9, 2011
Registration
Advertised: July 14, 2011
For further
details contact Shelston IP, NSW, Australia.
The original document can be viewed at:
http://pericles.ipaustralia.gov.au/atmoss/falcon_details.show_tm_details?p_tm_number=1361689&p_search_no=2&p_ExtDisp=D&p_detail=DETAILED&p_rec_no=130&p_rec_all=500
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
Australian Government: 15 July 2011
[What follows is the full text of the news story.]
Australia, July 15
-- Doosan Corp., Seoul, Republic of Korea, owns the trademark (1361690) for
'DOOSAN' and '3 SQUARES,OBLIQUE,INTERLOCKING' from May 13, 2010, through May
13, 2020.
Status:
Registered/Protected
Class/es: 11 [Air
filtering installations; air purifying apparatus and machines; steam
superheaters for industrial purposes; desalination plants; water filtering
apparatus; water purifying apparatus and machines; heat exchangers; apparatus
for distilling; refining towers for distillation; evaporators; water intake
apparatus; purification installations for sewage; heat exchangers for chemical
processing; distillers for chemical processing; evaporators for chemical
processing; HRSG (heat recovery steam generator); HRSG (heat recovery steam
generator) for power plants; heating furnaces for industrial purposes; soaking
pit furnaces for industrial purposes; industrial furnaces; crucibles for
industrial purposes; hot blast furnaces for industrial purposes; melting
furnaces for industrial purposes; electric furnaces for industrial purposes;
carbonizing furnaces for industrial purposes; rotary kilns for industrial
purposes; blast furnaces; atomic piles; revolving furnaces; water purifiers for
household purposes; microwave ovens for industrial purposes; toilet bowls; bath
installations; gas boilers; air reheaters; water heaters [apparatus]; boilers,
other than parts of machines; heat pumps; thermostatic valves [parts of heating
installations]; steam generating installations; steam boilers, other than parts
of machines; steam accumulators; heat accumulators; heat regenerators;
freezers; cooling domes; cooling installations and machines; refrigerating
appliances and installations; cooling evaporators; cooling towers; cooling
installations for liquids; ventilation devices and installations; gas lamps;
water supply installations; water distribution installations; pressure water tanks;
faucets for pipes; lighting apparatus and devices for ships; heating and
cooling systems for aircrafts; heaters for railway vehicles; ventilation
[air-conditioning] installations and apparatus for automobiles; ice machines
and installations; regulating and safety accessories for gas pipes; regulating
accessories for water or gas apparatus and pipes; level controlling valves in
tanks; pipe line cocks [spigots]; electric lighting apparatus; humidifiers], 37
[Gas pipe laying services; construction of gas storage tanks; construction of
foundations for buildings; repair work on buildings; rental of construction and
building equipment; construction engineering consultancy services; construction
engineering; construction information; factory construction; bridge
construction; demolition of bridges; rental of excavating machines; rental of
excavators; construction of insulation; construction of dams and water storage
facilities; construction of power plants; building construction supervision;
oil pipeline construction; construction of power-line towers; hydro-electric
factory construction; apartment construction; building construction; canal and
waterway construction; atomic reactor construction; electric appliance
installation; concrete works; rental of cranes (construction equipment);
installation of photovoltaic power generation installations; construction of
pipelines; installation of environmental hygience treatment appliances;
installation of wind power plants; construction of nuclear installations;
repair or maintenance of construction machines and apparatus; air conditioning
apparatus installation and repair; industrial furnaces installation and repair;
boiler installation and repair; HRSG(heat recovery steam generator)
installation and repair; repair of metalworking machine and apparatus; repair
or maintenance of melt-cutting machines; repair or maintenance of pipes for
water supply and drainage; desalination plants construction; desalination
plants repair; repair of prime movers; installation and maintenance of prime
movers; advisory services relating to the installation of generators;
installation of electricity generators; advisory services relating to the
installation of power plants; advisory services relating to the maintenance of
plumbing; repair of marine engines; repair of engine parts for ships; repair or
maintenance of cranes for ships; repair of diesel engines; vehicle service
stations (refueling, maintenance and repair); repair of parts of engines; heat
exchangers installation and repair; furnace installation and repair; renovation
of nuclear plant; repair of cranes; repair of turbines; repair of RMQC(rail
mounted quayside gantry crane); repair of RTGC(rubber tyred gantry crane);
repair of oil refining plants; repair of heavy equipment; computer hardware
installation; maintenance of computer hardwares; repair of machines and
apparatus for civil engineering and construction; pipeline maintenance; repair
or maintenance of effluent treatment equipment; oil and gas drilling; cleaning
of air conditioning apparatus; cleaning of industrial installations; cleaning
of storage tanks; plumbing; repair of pipeline systems; installation of
incinerators; repair or maintenance of incinerators] and 40 [Processing of
steel materials; rolling of steel materials; processing of steel materials by
heat treatment; cutting of steel materials; special metal processing of
construction machines and apparatus; rot prevention treatment of buildings;
processing of rubbers and plastics; heat treatment of metals and alloys; processing
of metals; extruding of metals; metal treating; machining; processing of
machine metal parts; electricity generating; boiler-making; chemical treatment
of boiler pipework; surface treatment of boilers; chemical treatment of
boilers; petroleum refining; ceramic glazing; production of energy;
regeneration of water; water treatment and purification; refining of crude oil;
processing of automobile metal parts; electrochemical treatment; moulding of
concrete; recycling of waste and trash; nuclear waste treatment; chemical
treatment of waste products; printing; photographic printing; treatment of
waste water; services for the treatment of sewage; treatment of waste materials
relating to environmental pollution control; rental of generators; chemical
decontamination of nuclear plant]
Type of Mark:
Composite
Lodgement Date:
May 13, 2010
Date of
Acceptance: Feb. 9, 2011
Registration
Advertised: July 14, 2011
For further
details contact Shelston IP, NSW, Australia.
The original document can be viewed at: http://pericles.ipaustralia.gov.au/atmoss/falcon_details.show_tm_details?p_tm_number=1361690&p_search_no=2&p_ExtDisp=D&p_detail=DETAILED&p_rec_no=131&p_rec_all=500
Nikkei English
News: 14 July 2011
[What follows is
the full text of the news story.]
By John Phillips
Of DOW JONES
NEWSWIRES
SINGAPORE (Dow
Jones)--Most Asian stock markets were modestly higher Friday, though cation
prevailed amid another ratings agency warning on U.S. government debt, while
BHP Billiton shares fell in Sydney after announcing a US$15 billion-plus deal
to buy U.S. shale gas producer Petrohawk Energy.
Japan's Nikkei
Stock Average rose 0.4%, Australia's S&P/ASX 200 fell 0.4%, South Korea's
Kospi Composite gained 0.1% and New Zealand's NZX-50 climbed 0.1%.
Dow Jones
Industrial Average futures were up 10 points in screen trade.
Modest buying in
beaten-down stocks propped up some markets, but investors were cautious amid
the backdrop of the euro-zone debt crisis and U.S. debt woes. Late Thursday,
Standard & Poor's placed its U.S. 'AAA' long-term and 'A-1' short-term
sovereign credit ratings on CreditWatch with negative implications. The move
comes a day after Moody's Investors Service also put U.S. debt on watch for a
possible downgrade.
"The lack of
closure to the U.S. debt ceiling (problem) continues to weigh on market
sentiment. U.S. politicians are seemingly playing a game of chicken with the
debt ceiling for the purpose of political gain while the ratings agencies stand
at the ready to clip the U.S. debt rating," said Christopher Gore,
Currency Analyst at Go Markets.
In Sydney, BHP
Billiton hogged the limelight after announcing the acquisition of Petrohawk
Energy Corp. in a deal worth more than US$15 billion, marking the mining
titan's second multibillion-dollar foray this year into the promising U.S.
shale gas industry. BHP shares fell 1.8%.
"It looks
like a very good acquisition in tier-one shale gas assets," said Macquarie
Private Wealth division director Martin Lakos. "It's fair to say the
market was looking for a further share buyback. However, I think analysts
should be pleased to see the balance sheet being used for a growth acquisition,
so I view this very favorably."
The BHP news
lifted Australian shale gas plays, with Aurora Oil & Gas rising 1.5% and
Red Fork Energy jumping 5.0%. Beach Energy, which wants to develop shale gas in
Australia, added 1.6%.
News Corp., the
owner of this newswire, fell 2.3% after the Federal Bureau of Investigation
began a probe over potential U.S. phone hacking. The probe comes as a scandal
over phone hacking in the U.K. by News of the World, a publication recently
closed by News Corp., has roiled the media empire and prompted a series of
legal inquiries.
Shares in Tokyo
rose as exporters regained some ground from Thursday on the back of a modestly
weaker yen and took comfort from strong earnings from Google Thursday.
Among exporters,
Canon added 1.1%, Sony rose 0.7%, and Sharp added 0.5%.
Fast Retailing,
the operator of the Uniqlo casual clothing chain, fell 0.4% after its March-May
operating profit declined 4.6% from a year earlier, and came in Y1 billion
short of guidance.
Hitachi jumped
1.9% after being selected as a preferred bidder for a nuclear power plant
project in Lithuania.
In Seoul, the
Kospi was lifted by gains in machinery and construction sector stocks on
bargain buying and second-half earnings hopes, but many investors remained
cautious ahead of stress-test results for European banks, due later in the
global day.
"Uncertainties
over Greece and euro-zone debt will likely linger and could hit the market
sporadically," said Mirae Asset Securities strategist Lee Jae-hoon.
Doosan Infracore
rose 2.9% and Hyundai Engineering & Construction added 1.5%.
In foreign
exchange markets, the euro was higher against the U.S. dollar after S&P's
move on U.S. government debt.
The single
currency was at $1.4167 against the dollar, from $1.4146 late Thursday in New
York, and at Y112.03 against the yen, from Y111.90. The dollar was at Y79.04,
from Y79.12.
"The
prospects of a U.S. default remain a tail risk at this juncture," said
Brown Brothers Harriman in a note to clients. "We suspect that U.S. policy
makers will continue to engage in a game of brinkmanship with either side
unlikely to capitulate until absolutely necessary."
"While
forward-looking U.S. economic data is beginning to show signs of modest
acceleration, the outlook for the euro zone debt crisis remains murky, which in
turn is likely to keep price action choppy," it added.
September Japanese
government bond futures were down 0.09 at 141.66 points, while the 10-year cash
JGB yield was up 1.5 basis points at 1.085%.
Spot gold was at
$1,585.10 per troy ounce, down $1.90 from its New York settlement on Thursday.
August Nymex crude oil futures were up 27 cents at $95.97 per barrel on Globex.
-John Phillips,
Dow Jones Newswires; +65-6415-4142; john.phillips@dowjones.com
TALK BACK: We
invite readers to send us comments on this or other financial news topics.
Please email us at TalkbackAsia@dowjones.com. Readers should include their full
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We reserve the right to edit and publish your comments along with your name; we
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Asia Pulse Businesswire: 14 July 2011
[What follows is the full text of the news story.]
An executive
briefing on infrastructure for July 14, 2011, prepared by Asia Pulse
(http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news,
commercial intelligence and business opportunities.
ZHONGGUANCUN GETS
US$464MLN FOR MODERN SVC SECTOR DEVT PILOT
BEIJING -
China'sMinistry of Finance (MOF), the National Development and Reform
Commission (NDRC), the Ministry of Commerce (MOC), the Ministry of Science and
Technology (MOST) and the Beijing municipal government recently signed an
agreement of conducting modern service pilot in Zhongguancun National
Independent Innovation Demonstration Plot.
In the next three
years, the central and local governments will together provide no less than 3
billion yuan (US$464 million), or over 1 billion yuan per year, to support the
pilot.
Q.NBN, QTEL INK
HOA DEAL FOR QATARI NATIONWIDE BROADBAND NETWORK
DOHA - Qatar
National Broadband Network Company (Q.NBN) and Qatar Telecom (Qtel) have signed
a Heads of Agreement (HoA) to provide very high speed broadband services to 95
per cent of households and 100 per cent of government and businesses in Qatar
by 2015.
The new fiber
network, to be built by Q.NBN Company, "will accelerate fiber penetration
to homes and businesses in Qatar, thus enabling telecom operators to more
quickly bring the next generation of broadband services to consumers in
Qatar," according to a joint press release.
BANGLADESHI BIZ
LOBBY CALLS FOR EFFICIENT BUDGET IMPLEMENTATION
DHAKA - International
Chamber of Commerce-Bangladesh (ICCB) on Wednesday said priorities need to be
given to selection of projects in the annual development program (ADP) for
sustained development growth.
Smaller and
routine projects could be included in the revenue budget. In preparation,
selection and execution of projects, private sector should be included along
with public sector, rather than the present practice of occasional consultation
with the private sector, it said in its July 13 bulletin.
AUSTRALIAN
INSURERS REJECT AUTOMATIC FLOOD COVER
MELBOURNE - An
Australian government review panel's recommendation for the automatic provision
of flood cover within home insurance policies will reduce consumers' product
choice, the insurance industry says.
In a submission to
the Natural Disaster Insurance Review (NDIR), the Insurance Council of
Australia (ICA) says including flood cover as part of all home insurance
policies will result in some consumers unfairly subsidizing others.
NORTH KOREA
BRISKLY PUSHING FOR RECLAMATION PROJECTS
SEOUL - North
Korea is speeding up its land reclamation projects in its western coastal areas
of the provinces of North Pyongan and South Hwanghae, the North Korean website
Uriminjokkiri said on Teusday.
The Uriminjokkiri,
which means "by our nation itself," said a 3.8-kilometer breakwater
has been built off the coast of Kwaksan County, North Pyongan Province, one
year after work on the breakwater started.
WORK BEGINS ON
US$618MLN CHINA AIRCRAFT MANUFACTURING PROJECT
BEIJING - Work has
begun on a Chinese aircraft manufacturing project in Pingquan County of Hebei
province representing an investment by Hebei Xi'ao Aircraft Manufacturing of 4
billion yuan (US$618.4 million), according to the Industry and Information
Technology Department of Hebei province.
The project will
focus on establishing three helicopter production lines, two fixed wing
aircraft production lines, and will mainly produce US Hiller UH-12E (5-7)
helicopters, Cessna 6-12 seat fixed wing aircraft, Mi-171 helicopters, and the
Italian Agusta AW109 and AW139 helicopters.
TRANSPORT PLAN FOR
W.AUSTRALIA'S PERTH INCLUDES LIGHT RAIL
PERTH - Light rail
and rapid transit buses feature in a blueprint to cope with an expected
doubling in public transport usage in the Western Australian state capital
Perth over the next 20 years.
Releasing the
Public Transport Network Plan for Perth on Thursday, Transport Minister Troy
Buswell said the city needed new forms of mass public transport to cope with
that growing demand.
DIALOG ON
SUSTAINABLE DEV'T TO BE HELD IN INDONESIA
JAKARTA - A
high-level Indonesian Dialog on The Institutional Framework for Sustainable
Development (HLD IFSD) will be organized in Solo, Central Java, on July 19,
2011.
The Solo Meeting
is an important point to push a more effective environmental institution, Dana
A Kartakusuma, the environmental affairs ministry`s expert staff in charge of
sustainable development and economy, said here on Wednesday.
TIMAH, S.KOREA'S
H&H TO BUILD TIN CHEMICAL PLANT IN INDONESIA
JAKARTA -
Indonesian tin miner PT Timah Tbk (IDX:TINS) and South Korea'sH&H Global
Resource Co Ltd (KSE:041590) will build a tin chemical plant with an annual
capacity of 100,000 tons in Bangka district.
"The
construction of the plant is designed to increase tin chemical
production," PT Timah president director Wahid Usman said on Wednesday.
TAIWAN CEMENT TO
ACQUIRE PRODUCTION LINE IN CHINA
TAIPEI - Taiwan
Cement Corp (TAIEX:1101) said Wednesday it has agreed to acquire a cement
production line in Guizhou Province, southwestern China, to tap into the
growing demand on the mainland. Taiwan Cement said it will buy Kaili Shui On
from Shui On Construction and Materials Ltd. (SEHK:0983) for HK$218 million
(US$27.98 million).
The deal is
subject to approval by Taiwan'sInvestment Commission, which has the final say
on applications for inbound and outbound investments, Taiwan Cement said.
CHINESE INVESTORS
READY TO INVEST US$3BLNIN EAST JAVA
JAKARTA - Three
Chinese state companies, seeking business opportunities in Indonesia, are ready
to invest US$3 billion in infrastructure projects in East Java.
China Building
Civil Constructions Co. Ltd, Changjiang Waterway Engineering Bureau and CFDC
are eyeing port, toll road and railway track projects in that province, a local
official said. WOODLAND TO ESTABLISH INDIAN FACILITY, OPEN NEW STORES
NEW DELHI -
Footwear and apparel brand Woodland on Tuesday said it will invest over Rs 100
crore (US$22.44 million) in this fiscal year to set up a new manufacturing unit
at Greater Noida and open 60 more exclusive stores in India.
"We are
commissioning a new unit for denim and woven garments at Greater Noida with an
investment of about Rs 60-70 crore. The production is likely to start in the
next 3-4 months," Woodland Managing Director Harkirat Singh told PTI at an
event organised by exhange4media.
HANOI METRO LINE
EXPECTED TO BEGIN SERVICE BY 2016
HANOI - A pilot
metro rail line in Hanoi is expected to start service by 2016, with the first
survey drill for the project set to begin on the evening of July 7, at the
Hanoi station.
The pilot
12.5km-long metro line linking Nhon, in Hanoi'sTu Liem suburban district and
the Hanoi railway station in the inner district of Hoan Kiem, includes a 8.5km
elevated section and 4km underground section from Thu Le to Hanoi station.
HANOI LOOKING TO
SPEED UP CONSTRUCTION OF 1000-BED HOSPITAL
HANOI - The Hanoi
People's Committee is carrying out procedures for speeding up the construction
of the first 1,000-bed general hospital in the outlying district of Me Linh to
reduce pressure on the citys major hospitals.
At a meeting in
Hanoi, Deputy Chairman of the municipal Peoples Committee Nguyen Van Khoi asked
the Department of Construction to quickly establish a working group in charge
of bidding with representatives from relevant departments and agencies being
its member
VIETNAM'S NASICO
TO BUILD TWO SHIPS FOR NORWAY'S BLYSTAD GROUP
HANOI - The Nam
Trieu Shipbuilding Industry Corporation (Nasico) under the Vietnam Shipbuilding
Industry Group (Vinashin) on July 12 inked a contract on the building of two
ships, each with the capacity to carry 6,900 cars, for the Blystad group of
Norway .
The car carriers,
which measure 199.9 m in length, 32.26 m in height and 10 m in draught, will be
equipped with modern facilities and technology to meet the latest international
shipping standards.
S.KOREA'S DOOSAN
TO SET UP PWR EQUIPMENT MANUFAC UNIT IN CHENNAI
NEW DELHI - South
Korean power equipment-maker Doosan Heavy Industries & Construction Ltd
(KSE:034020) will set up a power equipment manufacturing unit at Chennai, in
Tamil Nadu, Power Minister Sushilkumar Shinde said.
"Doosan will
be setting up a power equipment manufacturing plant at Chennai," Shinde
told reporters here.
LYNAS MALAYSIA TO
SPEND US$210MLN ON 2ND PHASE OF KUANTAN PLANT
MELBOURNE - Rare
earths supplier, Lynas Corporation Ltd's (ASX:LYC) Malaysian subsidiary, will
spend up to US$210 million on the second phase of construction of the planned
refinery plant in Kuantan, Pahang.
The Australian
Associated Press (AAP) reported that Lynas Malaysia had signed a letter of
award with Thai engineering company, Toyo-Thai Corporation, for the second
phase of work on the Lynas advanced materials plant at the Gebeng Industrial
Estate in Kuantan.
S.KOREA'S DOOSAN TO
SET UP PWR EQUIPMENT MANUFAC UNIT IN CHENNAI
NEW DELHI - South
Korean power equipment-maker Doosan Heavy Industries & Construction Ltd
(BSE:034020) will set up a power equipment manufacturing unit at Chennai, in
Tamil Nadu, Power Minister Sushilkumar Shinde said.
"Doosan will
be setting up a power equipment manufacturing plant at Chennai," Shinde
told reporters here.
HANOI HOSTS
SEMINAR FOR BUSINESSES FROM JAPAN'S AICHI PROVINCE
HANOI - Vietnam's
monetary policies and infrastructure for foreign- invested enterprises were
major topics of a seminar between Vietnamese businesses and their counterparts
from Japan's Aichi province in Hanoi on July 11.
The seminar,
jointly held by the Foreign Investment Agency under the Ministry of Planning
and Investment and the Aichi Support Desk, aimed to help the businesses
exchange experience, seek trade partners and find solutions to difficulties in
investment and business in Vietnam .
(C) Asia Pulse Pte
Ltd.
CONTACT:
Asia Pulse
Production Centre
Phone: (612) 9322 8634
Fax: (612) 9322
8639
http://www.asiapulse.com
International Herald Tribune: 13 July 2011
[What follows is the full text of the news story.]
South Korea
rejoiced over the selection of Pyeongchang as the host city of the 2018 Winter
Olympics last week. Both the government and the local media gushed about how
the successful campaign would burnish South Korea�s international image. In
the same day, obscured by the festive mood, prosecutors at another South Korean
town peeled more layers off a long hushed dirty secret of South Korean sports.
In what is
snowballing into the biggest match-fixing scandal in South Korean history,
prosecutors in the southern coastal city of Changwon have so far indicted 55
soccer players, almost one out of every 10 K-League players.
They called game
fixing in the K- League ��endemic.��
This week, faced
with its biggest crisis, the K-League announced that it would introduce a
lie-detector test and break the league into two divisions to fight match
fixing. (If caught match fixing, clubs would be relegated to the lower
division.) It will also double the minimum annual salary for a player to 24
million won, or almost $23,000, hoping the added pay will reduce the temptation
for the lowest-paid players to take bribes.
Observers say that
match fixing is an outgrowth of what has plagued South Korea, a powerhouse in
Asian sports, for decades: Widespread abuse and mistreatment of athletes that
begins at a young age; poor salaries; a culture that demands blind respect of authority;
and the society�s lax ethical standards on corruption.
How the
match-fixing scandal got quickly buried in the news over Pyeongchang speaks
volumes about why sports remains one of the most corrupt sectors of South
Korean society. While cheering Pyeongchang�s successful Olympic bid, South
Koreans hardly appeared to notice that their proud Olympic campaign was led by
three business tycoons, all of them once convicted of corruption: Lee Kun-hee
of Samsung, Cho Yang-ho of Korean Air and Park Yong-sung, former chairman of
the Doosan conglomerate and now head of the Korean Olympic Committee.
��Koreans are
obsessed with winning Olympic golds and hosting mega-sports events like the
Olympics,�� said Chung Hee-joon, a professor of sports science at Dong-A
University. ��But other than that, they pay little attention, don�t care.
So, widespread human rights violations, abuse of young athletes, beatings and
violence in sports go ignored.
��Match
fixing? It�s far more widespread than prosecutors say,�� Chung added.
��I dare say that it takes place in all sports. It�s not just the
K-League.��
Chung is not the
only critic � and match fixing is not the only problem � that raises alarms
about South Korean sports. In a 2008 report, the government�s National Human
Rights Commission said that nearly 80 percent of student athletes in middle and
high schools suffered physical and verbal violence from their coaches and older
teammates. Those who reported sexual violence amounted to 63.8 percent of the
1,139 surveyed.
In a separate
survey on primary school athletes, the commission reported that coaches used
��batons, hands, baseball bats and tennis rackets�� to beat the young
players in the name of discipline.
Nothing galvanizes
South Koreans� nationalistic fervor more than Olympic and other international
sports events, especially its national soccer team�s most high-profile
matches. Star athletes like the Olympic figure-skating champion Kim Yu-na
become national heroes.
But most other
athletes languish under minuscule wages and a deep-rooted social prejudice
against athletes. Nowhere is the phenomenon starker than in the K-League.
Except for hard-core fans, most South Koreans in general do not follow the
league. Even sports channels on cable television often shun its matches in
favor of the more popular domestic baseball league.
Kim Ho, a former
national team coach who until 2009 trained the Daejeon Citizen, one of the
K-League teams implicated in match fixing, said, ��The whole system creates
criminals out of our players.��
In South Korea,
most school athletic teams remain so under-budgeted that they depend on
donations from parents for travel and food.
In South Korea,
the only way an athlete can get a deferment of mandatory military service �
and avoid an abrupt postponement, or end, of his sports career � is by
enrolling in college. Even then, for most players, joining an overseas club for
a big contract is all but a dream, because the deferment of military service
can last only until players turn 30, which makes some overseas teams hesitant
to sign a player they could lose. (If a player on a national team wins a major
international championship, or if an athlete wins an Olympic medal, they are
exempted entirely from service.)
Reports of coaches
and parents exchanging bribes to help student athletes win college admission
have become common. Those few who make the starting lineups of K-League teams
usually earn only 50 million won a year, sports officials said. Until now,
lesser K-League players lived with the minimum wage of 1 million won, or less
than $950, a month.
��That makes
our young players vulnerable to things like match fixing,�� said Cho
Jung-soo, a former head of the disciplinary board of the Korea Football
Association.
The
end-justifies-means culture, often enforced by physical violence and blind
respect of seniority, also breeds corruption, investigators said.
��Some players
joined the match-fixing schemes for cash rewards, but most did so because of
senior-junior relationships among players,�� said Kwak Kyu- hong, a
prosecution spokesman, in a statement. A player hired by a gangster in turn
enlisted his junior teammates in the match fixing, he said.
When Cha Bum-kun,
a former national soccer team coach, first raised allegations of game fixing in
the domestic league in 1998, the Korea Football Association accused him of
slander and stripped him of his coaching license for five years. Yet, rumors of
match fixing have been around for years.
Some players learn
match fixing long before they turn pro. Last September, the head coaches of two
high school soccer teams lost their licenses for match fixing. In the case, one
team allowed five goals in the last eight minutes to lose, 5-1, to help the
other team advance to the finals.
Later, young
players exchanged cell-phone text messages with friends in other teams about
how their coach instructed them to lose the game.
In April, the head
coach of the Korea University soccer team in Seoul was arrested on charges of
bribing referees and officials of the soccer association.
Yeom Dong-kyun,
one of the K-League soccer players indicted, told the JoongAng newspaper in an
interview from his prison cell: ��I joined the match fixing without much
compunction because I had heard that it�s widespread in the league.�� In
May, another player was found dead in a hotel room. He left a suicide note
apologizing for bringing player friends into the match fixing.
Meanwhile, the
match-fixing investigation has thrown the 16-team K-League into disarray. On
Saturday, the Sangmoo Phoenix, nine of whose players are indicted, along with
its coach, had to play with a field player filling in as a goalkeeper. Three of
its four keepers were indicted, and the fourth was banned after piling up too
many yellow cards.
��We are at a
loss for words as we try to apologize for causing disappointment for the people
at a time when the whole nation is united in rejoicing over Pyeongchang,��
said Chung Mong-gyu, president of the K-League, on Monday.
Doosan Sponsors British Open
Manufacturing Close-Up
18 July 2011
[What follows is
the full text of the article.]
Doosan announced
it will once again be an Official Patron of the British Open (known widely as
The Open Championship), the oldest of the four major championships in
professional golf.
According to a
July 13 release, the British Open is organized by The R&A, golf's governing
body outside of the United States and Mexico, and is celebrating its 140th year.
Doosan is one of five British Open Patrons, a group that includes Rolex, HSBC,
Mercedes-Benz, and Nikon. Doosan said it is also the first company
headquartered in Korea to support the tournament.
A global company,
Doosan specializes in the infrastructure support business (ISB), which includes
thermal and nuclear power generation, construction equipment, marine diesel
engines, mechanical equipment and material handling equipment.
Geewon Park, COO
of Doosan's holding company, Doosan Corp., said, "We're very proud to be
once again sponsoring The Open Championship, and we are honored to be able to
attach the Doosan name to such a prestigious and world-famous golf event."
Michael Tate,
Director of The R&A, said, "We are delighted to have Doosan as our
Patron again this year. We continue to see our international audiences
increasing, and I believe Doosan's support portrays it as a truly global
company."
With sales
revenues of US$21.6 billion in 2010, Doosan's principal business is in
infrastructure support, which encompasses power plants, desalination,
construction equipment and related services, and marine diesel engines.
Globally, its subsidiaries and affiliates employ more than 38,000 people with
operations spanning 4,100 locations in 34 countries.
((Comments on this
story may be sent to newsdesk@closeupmedia.com))
Nikon Corp
[profile]
INDIA,KOREA,
REPUBLIC OF : Doosan plans to set up power equipment manufacturing unit in
India
TendersInfo News
15 July 2011
[What follows is
the full text of the article.]
A power equipment
manufacturing unit is expected to be set up by South Korea's Doosan Heavy
Industries & Construction Company Ltd near Chennai.
According to Mr
Sushilkumar Shinde, power minister of India, the plant is to be set up through
the 100% foreign direct investment route. The minister added, They (Doosan
officials) have met me twice. The talks are at a preliminary stage.
The official
further pointed out that the annual capacity of the facility is expected to be
around 3,000 MW.
A pact has been
signed by Doosan with creditors of Austria's AE&E group this year in
January, to acquire its India based boiler manufacturing unit for EUR 20.5
million. This move will boost the company's presence in the power generation
market in India.
The company has
been securing orders in India. In 2004, it had won the supercritical boiler for
NTPC's Sipat project (3x660 MW). After three years, it bagged TATA Power's
order to supply five supercritical boilers of 800 MW each.
Related Companies
· Tata Power Co
[profile]
Related Geographies
· Asia
· India
· South Korea
India Public Sector News
03 June 2011
[What follows is
the full text of the article.]
New Delhi: To
supply nine units of supercritical power equipment worth Rs 90 billion to
India's Maharatna firm NTPC Limited (BOM:532555), five firms including one from
South Korea have placed their bids, a senior company official said.
The companies
which had placed bids for NTPC's tender are L&T-Mitsubishi; Heavy
Industries, Thermax-Babcock & Wilcox, Bharat Heavy Electricals Limited
(BOM:500103), Alstom-Bharat-Forge and BGR-Hitachi, and South Korea's Doosan
Heavy Industries.
In NTPC's
(BOM:532555) previous round of bulk contracts for 660-mw projects, foreign
companies did not participate because NTPC had placed a condition under which
bidders must have a manufacturing facility in India. Doosan Heavy Industries --
South Korea's largest power equipment company -- have placed bids for NTPC's
tender, as it is setting up a manufacturing facility in north Indian state of
Haryana with a capacity of 3,000-mw a year.
The technical bids
for Rs 90 billion boiler tender was opened on Wednesday and another Rs 90
billion tender for procuring turbine generators will open on Friday.
NTPC, which has a
market capital value of Rs 1.45 trillion, is engaged in the business of
generation and sale of bulk power. NTPC has reported 37.80% rise in its net
profit at Rs 27.81 billion for the fourth quarter ended March 31, 2011, as
compared to Rs 20.17 billion in the same period of the previous fiscal year
(2009-10).
Related Companies
· Alstom
[profile]
· Mitsubishi Heavy Industries Ltd
[profile]
Related Geographies
· Asia
· India
· South Korea
IRAN, ISLAMIC REPUBLIC OF,UNITED STATES : UANI
Urges Doosan and Bobcat to End Their Business in Iran
TendersInfo News
12 May 2011
[What follows is
the full text of the article.]
United Against
Nuclear Iran (UANI) on Wednesday urged the Doosan Corporation of South Korea
and its American subsidiary Bobcat to immediately end their business in Iran.
Doosan has a
significant presence in Iran's energy sector, and has constructed at least nine
power plants in Iran. Doosan has also worked with the state owned Iranian oil
company, and used the North Dakota-based Bobcat brand to sell construction
equipment in Iran.
Said UANI
President, Ambassador Mark Wallace: Doosan needs to make the right decision,
and end its business in Iran. It is unacceptable and dangerous for a South
Korean company to be aiding Iran, particularly when the business is related to
Iran's energy sector, which is dominated by the Islamic Revolutionary Guard
Corps.
Bobcat is a great
American company that should be appalled at the thought of its equipment being
used by Iran. Bobcat owes it to all its employees and customers to ensure Iran
does not receive its products.
The website for
the Tehran-based construction equipment distributor Touranto lists Bobcat as a
supplier. Bobcat's American headquarters is in West Fargo, North Dakota, and it
has been part of the Doosan group since 2007.
In a letter to
Doosan CEO Yongmaan Park, Ambassador Wallace wrote: Iran is pursuing a nuclear
weapons program and developing the means to deliver those weapons with a
ballistic missile program aided in large part by the Democratic People's
Republic of Korea (DPRK). The cooperation between Iran and the DPRK is
particularly worrisome given that Kim Jong Il's regime has tested a nuclear
device and has shown a long and established record of outward proliferation.
UANI strongly
encourages Doosan to follow the lead of other responsible companies like
General Electric, Caterpillar, Kia, Komatsu, and Terex, and cease not only all
exports to Iran, but its investments in Iran, particularly those that
facilitate the ability of the regime in Tehran to pursue policies that threaten
international security and run counter to the values of the global community.
In addition to the
potential loss of contracts with the U.S. government, long-term damage to
Doosan and Bobcat's corporate image is at stake Iran has an egregious human
rights record and continues to defy the world by aggressively pursuing a
nuclear weapons program with the support of pariahs like North Korea.
Related Companies
· Terex Corp
[profile]
Related Geographies
· Asia
· Middle East
· North America
· Iran
· North Korea
· South Korea
· United States
· North Dakota
annual income statement
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 |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
19,409.4 |
15,300.3 |
18,506.3 |
15,724.8 |
13,651.8 |
|
Revenue |
19,409.4 |
15,300.3 |
18,506.3 |
15,724.8 |
13,651.8 |
|
Other Revenue |
520.4 |
490.8 |
528.0 |
446.1 |
- |
|
Other Revenue, Total |
520.4 |
490.8 |
528.0 |
446.1 |
- |
|
Total Revenue |
19,929.8 |
15,791.1 |
19,034.4 |
16,171.0 |
13,651.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
15,963.7 |
13,352.5 |
15,542.3 |
12,712.0 |
10,797.1 |
|
Cost of Revenue, Total |
15,963.7 |
13,352.5 |
15,542.3 |
12,712.0 |
10,797.1 |
|
Gross Profit |
3,445.7 |
1,947.8 |
2,964.0 |
3,012.8 |
2,854.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
1,027.1 |
822.1 |
1,069.8 |
1,021.0 |
2,037.6 |
|
Labor & Related Expense |
864.8 |
641.0 |
848.3 |
764.4 |
- |
|
Advertising Expense |
89.2 |
85.3 |
118.4 |
123.7 |
- |
|
Total Selling/General/Administrative Expenses |
1,981.2 |
1,548.4 |
2,036.6 |
1,909.1 |
2,037.6 |
|
Research & Development |
179.9 |
124.3 |
155.1 |
156.8 |
- |
|
Depreciation |
40.6 |
41.4 |
52.0 |
50.5 |
- |
|
Amortization of Intangibles |
358.5 |
334.9 |
363.1 |
101.8 |
- |
|
Depreciation/Amortization |
399.1 |
376.3 |
415.0 |
152.3 |
- |
|
Total Operating Expense |
18,523.9 |
15,401.4 |
18,149.0 |
14,930.3 |
12,834.7 |
|
|
|
|
|
|
|
|
Operating Income |
1,405.9 |
389.7 |
885.3 |
1,240.7 |
817.0 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-593.5 |
-627.9 |
-634.7 |
-315.8 |
-330.4 |
|
Interest Expense, Net
Non-Operating |
-593.5 |
-627.9 |
-634.7 |
-315.8 |
-330.4 |
|
Interest
Income - Non-Operating |
89.8 |
103.5 |
211.9 |
65.5 |
57.0 |
|
Investment
Income - Non-Operating |
222.0 |
642.7 |
-721.2 |
-62.7 |
-32.8 |
|
Interest/Investment Income -
Non-Operating |
311.8 |
746.2 |
-509.3 |
2.8 |
24.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
-281.7 |
118.3 |
-1,144.0 |
-313.0 |
-306.3 |
|
Gain (Loss) on Sale of Assets |
-1.6 |
-29.1 |
-23.9 |
-34.5 |
-79.0 |
|
Other Non-Operating Income
(Expense) |
-535.2 |
-789.7 |
-149.1 |
-21.2 |
20.1 |
|
Other, Net |
-535.2 |
-789.7 |
-149.1 |
-21.2 |
20.1 |
|
Income Before Tax |
587.4 |
-310.8 |
-431.7 |
872.0 |
451.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
286.4 |
100.7 |
-98.5 |
427.1 |
295.0 |
|
Income After Tax |
301.0 |
-411.5 |
-333.2 |
444.9 |
156.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-99.0 |
390.1 |
280.2 |
-368.9 |
-144.5 |
|
Equity In Affiliates |
- |
- |
-6.4 |
- |
- |
|
Net Income Before Extraord Items |
202.0 |
-21.4 |
-59.4 |
76.1 |
12.3 |
|
Discontinued Operations |
27.2 |
202.5 |
157.2 |
11.6 |
- |
|
Total Extraord Items |
27.2 |
202.5 |
157.2 |
11.6 |
- |
|
Net Income |
229.2 |
181.0 |
97.8 |
87.6 |
12.3 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-49.5 |
-39.5 |
-4.8 |
-3.5 |
-5.6 |
|
Total Adjustments to Net Income |
-49.5 |
-39.5 |
-4.8 |
-3.5 |
-5.6 |
|
Income Available to Common Excl Extraord Items |
152.5 |
-60.9 |
-64.2 |
72.5 |
6.7 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
179.7 |
141.5 |
93.1 |
84.1 |
6.7 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
18.3 |
18.2 |
18.1 |
17.7 |
17.4 |
|
Basic EPS Excl Extraord Items |
8.33 |
-3.36 |
-3.55 |
4.10 |
0.39 |
|
Basic/Primary EPS Incl Extraord Items |
9.82 |
7.80 |
5.14 |
4.75 |
0.39 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
179.7 |
141.5 |
93.1 |
84.1 |
6.7 |
|
Diluted Weighted Average Shares |
18.4 |
18.2 |
18.1 |
18.1 |
18.5 |
|
Diluted EPS Excl Extraord Items |
8.31 |
-3.36 |
-3.55 |
4.00 |
0.36 |
|
Diluted EPS Incl Extraord Items |
9.79 |
7.80 |
5.14 |
4.63 |
0.36 |
|
Dividends per Share - Common Stock Primary Issue |
1.73 |
1.57 |
0.91 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
31.7 |
28.5 |
16.5 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
593.5 |
627.9 |
634.7 |
315.8 |
330.4 |
|
Depreciation, Supplemental |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
|
Total Special Items |
221.8 |
257.1 |
320.8 |
103.8 |
133.0 |
|
Normalized Income Before Tax |
809.3 |
-53.7 |
-110.9 |
975.9 |
584.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.8 |
10.2 |
8.4 |
16.9 |
27.6 |
|
Inc Tax Ex Impact of Sp Items |
287.2 |
110.9 |
-90.1 |
444.0 |
322.7 |
|
Normalized Income After Tax |
522.1 |
-164.6 |
-20.7 |
531.9 |
262.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
373.6 |
186.0 |
248.3 |
159.5 |
112.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
20.40 |
10.25 |
13.73 |
9.01 |
6.43 |
|
Diluted Normalized EPS |
20.35 |
10.25 |
13.73 |
8.79 |
6.06 |
|
Amort of Acquisition Costs, Supplemental |
220.2 |
228.0 |
297.0 |
69.3 |
54.0 |
|
Amort of Intangibles, Supplemental |
369.2 |
374.2 |
84.8 |
47.5 |
33.7 |
|
Rental Expenses |
72.7 |
67.9 |
61.6 |
90.3 |
- |
|
Advertising Expense, Supplemental |
89.2 |
85.3 |
118.4 |
123.7 |
- |
|
Research & Development Exp, Supplemental |
179.9 |
124.3 |
155.1 |
156.8 |
- |
|
Normalized EBIT |
1,405.9 |
389.7 |
885.3 |
1,240.7 |
817.0 |
|
Normalized EBITDA |
2,383.4 |
1,328.9 |
1,589.1 |
1,693.8 |
1,244.4 |
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 |
Reclassified
Normal |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2,439.6 |
1,939.9 |
1,366.5 |
666.4 |
416.6 |
|
Short Term Investments |
493.4 |
256.3 |
352.5 |
145.4 |
240.4 |
|
Cash and Short Term Investments |
2,933.0 |
2,196.2 |
1,719.0 |
811.8 |
657.1 |
|
Accounts
Receivable - Trade, Gross |
5,738.9 |
4,889.7 |
4,522.7 |
4,067.6 |
2,103.7 |
|
Provision
for Doubtful Accounts |
-419.0 |
-231.3 |
-205.6 |
-200.2 |
-154.5 |
|
Trade Accounts Receivable - Net |
5,431.3 |
4,698.9 |
4,375.4 |
3,906.0 |
3,481.7 |
|
Other Receivables |
951.7 |
536.0 |
285.2 |
384.6 |
368.0 |
|
Total Receivables, Net |
6,383.0 |
5,234.9 |
4,660.6 |
4,290.6 |
3,849.7 |
|
Inventories - Finished Goods |
687.6 |
503.7 |
702.2 |
671.2 |
701.4 |
|
Inventories - Work In Progress |
338.7 |
374.1 |
426.7 |
298.6 |
408.3 |
|
Inventories - Raw Materials |
676.9 |
579.9 |
742.4 |
382.3 |
318.0 |
|
Inventories - Other |
722.5 |
727.8 |
652.7 |
697.4 |
452.1 |
|
Total Inventory |
2,425.7 |
2,185.5 |
2,523.9 |
2,049.6 |
1,879.9 |
|
Prepaid Expenses |
119.8 |
90.6 |
81.3 |
200.9 |
177.2 |
|
Deferred Income Tax - Current
Asset |
191.6 |
117.6 |
181.6 |
170.0 |
98.4 |
|
Other Current Assets |
780.2 |
945.0 |
1,905.5 |
256.5 |
286.9 |
|
Other Current Assets, Total |
971.7 |
1,062.5 |
2,087.0 |
426.5 |
385.3 |
|
Total Current Assets |
12,833.3 |
10,769.7 |
11,071.9 |
7,779.4 |
6,949.2 |
|
|
|
|
|
|
|
|
Buildings |
2,205.2 |
1,968.5 |
1,656.2 |
1,833.9 |
1,796.9 |
|
Land/Improvements |
3,474.2 |
3,351.3 |
3,203.8 |
1,497.7 |
1,496.0 |
|
Machinery/Equipment |
2,328.3 |
2,039.5 |
1,704.1 |
2,098.8 |
2,077.7 |
|
Construction
in Progress |
140.4 |
153.2 |
391.7 |
158.5 |
159.4 |
|
Other
Property/Plant/Equipment |
641.0 |
610.3 |
583.2 |
637.1 |
584.1 |
|
Property/Plant/Equipment - Gross |
8,789.0 |
8,122.9 |
7,539.0 |
6,225.9 |
6,114.1 |
|
Accumulated Depreciation |
-2,365.2 |
-2,011.2 |
-1,723.8 |
-2,354.0 |
-2,244.0 |
|
Property/Plant/Equipment - Net |
6,423.9 |
6,111.6 |
5,815.2 |
3,871.9 |
3,870.1 |
|
Goodwill, Net |
4,067.2 |
4,007.2 |
4,087.2 |
1,141.5 |
1,173.8 |
|
Intangibles, Net |
1,497.0 |
1,547.0 |
1,493.7 |
307.3 |
348.4 |
|
LT Investment - Affiliate Companies |
162.7 |
626.0 |
154.5 |
1,603.9 |
149.1 |
|
LT Investments - Other |
541.1 |
448.9 |
361.8 |
836.0 |
788.6 |
|
Long Term Investments |
703.8 |
1,074.8 |
516.2 |
2,439.8 |
937.7 |
|
Note Receivable - Long Term |
83.3 |
74.4 |
91.1 |
93.7 |
82.2 |
|
Deferred Income Tax - Long Term
Asset |
62.1 |
144.6 |
87.7 |
87.5 |
44.5 |
|
Other Long Term Assets |
2,685.9 |
2,856.5 |
2,871.9 |
2,641.9 |
1,890.8 |
|
Other Long Term Assets, Total |
2,748.0 |
3,001.1 |
2,959.6 |
2,729.4 |
1,935.3 |
|
Total Assets |
28,356.4 |
26,585.9 |
26,035.1 |
18,363.0 |
15,296.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
2,663.6 |
2,396.8 |
2,073.2 |
2,055.6 |
1,997.6 |
|
Accrued Expenses |
609.3 |
486.1 |
434.2 |
337.1 |
246.5 |
|
Notes Payable/Short Term Debt |
3,335.3 |
3,093.3 |
3,300.4 |
2,502.4 |
2,219.3 |
|
Current Portion - Long Term Debt/Capital Leases |
2,110.0 |
1,889.2 |
1,407.0 |
1,249.6 |
1,974.4 |
|
Dividends Payable |
- |
- |
- |
- |
0.0 |
|
Customer Advances |
2,869.6 |
2,340.0 |
2,022.7 |
1,483.2 |
1,126.8 |
|
Security Deposits |
65.0 |
63.3 |
58.2 |
43.2 |
48.9 |
|
Income Taxes Payable |
167.2 |
188.9 |
206.5 |
261.3 |
116.5 |
|
Other Payables |
621.1 |
473.5 |
480.6 |
656.9 |
683.9 |
|
Deferred Income Tax - Current
Liability |
2.6 |
29.2 |
1.2 |
2.5 |
16.2 |
|
Other Current Liabilities |
799.3 |
950.4 |
2,599.4 |
648.4 |
320.2 |
|
Other Current liabilities, Total |
4,524.8 |
4,045.3 |
5,368.6 |
3,095.5 |
2,312.6 |
|
Total Current Liabilities |
13,243.1 |
11,910.7 |
12,583.3 |
9,240.1 |
8,750.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
6,587.1 |
7,062.2 |
5,945.6 |
4,333.8 |
2,375.1 |
|
Total Long Term Debt |
6,587.1 |
7,062.2 |
5,945.6 |
4,333.8 |
2,375.1 |
|
Total Debt |
12,032.4 |
12,044.6 |
10,653.0 |
8,085.7 |
6,568.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
698.8 |
474.8 |
641.7 |
370.2 |
97.2 |
|
Deferred Income Tax |
698.8 |
474.8 |
641.7 |
370.2 |
97.2 |
|
Minority Interest |
4,022.5 |
3,699.3 |
3,584.6 |
2,571.5 |
2,238.0 |
|
Reserves |
- |
- |
- |
- |
97.6 |
|
Pension Benefits - Underfunded |
775.1 |
732.7 |
775.4 |
344.7 |
386.5 |
|
Other Long Term Liabilities |
1,228.5 |
1,167.5 |
1,276.9 |
687.4 |
703.4 |
|
Other Liabilities, Total |
2,003.6 |
1,900.2 |
2,052.3 |
1,032.0 |
1,187.5 |
|
Total Liabilities |
26,555.1 |
25,047.1 |
24,807.6 |
17,547.6 |
14,648.2 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
25.4 |
24.8 |
22.9 |
30.8 |
31.0 |
|
Preferred Stock - Non Redeemable, Net |
25.4 |
24.8 |
22.9 |
30.8 |
31.0 |
|
Common Stock |
110.3 |
106.8 |
98.2 |
129.5 |
128.3 |
|
Common Stock |
110.3 |
106.8 |
98.2 |
129.5 |
128.3 |
|
Additional Paid-In Capital |
1,213.0 |
1,138.8 |
1,003.4 |
649.6 |
697.0 |
|
Retained Earnings (Accumulated Deficit) |
538.4 |
332.7 |
152.6 |
55.4 |
-20.6 |
|
Treasury Stock - Common |
-93.3 |
-87.1 |
-76.8 |
-72.8 |
-100.2 |
|
Unrealized Gain (Loss) |
-25.3 |
-7.0 |
-16.5 |
31.8 |
-69.7 |
|
Translation Adjustment |
113.9 |
112.2 |
85.4 |
-8.9 |
-9.6 |
|
Other Equity |
-81.1 |
-82.5 |
-41.8 |
- |
-7.9 |
|
Other Equity, Total |
32.8 |
29.7 |
43.6 |
-8.9 |
-17.5 |
|
Total Equity |
1,801.3 |
1,538.7 |
1,227.5 |
815.4 |
648.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
28,356.4 |
26,585.9 |
26,035.1 |
18,363.0 |
15,296.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
18.0 |
18.2 |
18.1 |
17.8 |
17.5 |
|
Total Common Shares Outstanding |
18.0 |
18.2 |
18.1 |
17.8 |
17.5 |
|
Treasury Shares - Common Stock Primary Issue |
7.0 |
6.7 |
6.6 |
6.4 |
6.4 |
|
Shares Outstanding - Preferred
Stock Primary Issue |
5.0 |
5.8 |
5.0 |
5.0 |
5.0 |
|
Shares Outstanding - Preferred
Stock Issue 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Preferred Stock Outstanding |
5.0 |
5.8 |
5.0 |
5.0 |
5.0 |
|
Treasury Shares - Preferred Primary Issue |
0.7 |
0.7 |
0.7 |
0.7 |
0.7 |
|
Treasury Shares - Preferred Issue 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,782 |
1,995 |
2,751 |
4,025 |
4,472 |
|
Number of Common Shareholders |
25,788 |
22,098 |
12,458 |
13,068 |
7,339 |
|
Deferred Revenue - Current |
2,869.6 |
2,340.0 |
2,022.7 |
1,483.2 |
1,126.8 |
|
Total Long Term Debt, Supplemental |
8,707.0 |
8,960.4 |
7,304.3 |
5,577.0 |
2,376.9 |
|
Long Term Debt Maturing within 1 Year |
2,110.5 |
1,890.1 |
1,356.3 |
1,249.6 |
526.2 |
|
Long Term Debt Maturing in Year 2 |
2,860.0 |
2,855.5 |
1,645.9 |
1,560.6 |
526.2 |
|
Long Term Debt Maturing in Year 3 |
2,582.1 |
2,306.8 |
713.6 |
1,697.6 |
888.6 |
|
Long Term Debt Maturing in Year 4 |
1,036.3 |
952.7 |
1,701.0 |
384.2 |
354.2 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
569.6 |
- |
|
Long Term Debt Maturing in 2-3 Years |
5,442.0 |
5,162.3 |
2,359.5 |
3,258.2 |
1,414.8 |
|
Long Term Debt Maturing in 4-5 Years |
1,036.3 |
952.7 |
1,701.0 |
953.8 |
354.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
118.1 |
955.4 |
1,887.6 |
115.5 |
81.7 |
|
Total Capital Leases, Supplemental |
2.2 |
2.6 |
2.8 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
1.1 |
1.3 |
0.9 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.5 |
0.9 |
1.1 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.2 |
0.2 |
0.7 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
- |
- |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
- |
- |
0.1 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.7 |
1.2 |
1.7 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
- |
- |
0.2 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.4 |
0.1 |
0.0 |
- |
- |
|
Total Operating Leases, Supplemental |
11.9 |
9.1 |
93.5 |
- |
- |
|
Operating Lease Payments Due in Year 1 |
1.6 |
2.9 |
0.1 |
- |
- |
|
Operating Lease Payments Due in Year 2 |
1.0 |
0.6 |
23.4 |
- |
- |
|
Operating Lease Payments Due in Year 3 |
1.0 |
0.6 |
23.4 |
- |
- |
|
Operating Lease Payments Due in Year 4 |
1.0 |
0.6 |
23.4 |
- |
- |
|
Operating Lease Payments Due in Year 5 |
1.0 |
0.6 |
23.4 |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
2.0 |
1.3 |
46.7 |
- |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
2.0 |
1.3 |
46.7 |
- |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
6.3 |
3.7 |
0.0 |
- |
- |
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 |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
328.2 |
-209.0 |
-182.4 |
456.5 |
12.3 |
|
Depreciation |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
|
Depreciation/Depletion |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
|
Amortization of Intangibles |
369.2 |
374.2 |
393.7 |
125.7 |
118.0 |
|
Amortization |
369.2 |
374.2 |
393.7 |
125.7 |
118.0 |
|
Deferred Taxes |
-22.2 |
-46.6 |
454.6 |
110.3 |
38.8 |
|
Unusual Items |
315.3 |
-327.3 |
111.0 |
-20.7 |
116.0 |
|
Equity in Net Earnings (Loss) |
-4.2 |
0.4 |
37.4 |
76.0 |
33.0 |
|
Other Non-Cash Items |
597.1 |
163.4 |
570.0 |
202.1 |
223.6 |
|
Non-Cash Items |
908.2 |
-163.5 |
718.4 |
257.3 |
372.6 |
|
Accounts Receivable |
-1,046.3 |
-238.5 |
-542.3 |
-836.7 |
-713.5 |
|
Inventories |
-229.3 |
395.1 |
-918.0 |
-192.6 |
70.3 |
|
Prepaid Expenses |
-10.7 |
1.5 |
-73.0 |
-28.9 |
-11.1 |
|
Other Assets |
484.0 |
-261.7 |
-1,986.9 |
- |
-15.6 |
|
Accounts Payable |
192.3 |
245.1 |
615.6 |
138.5 |
367.8 |
|
Accrued Expenses |
97.0 |
35.9 |
222.4 |
46.8 |
39.5 |
|
Taxes Payable |
-54.7 |
-15.8 |
1.9 |
160.6 |
28.4 |
|
Other Liabilities |
-167.5 |
-753.8 |
1,690.2 |
233.2 |
-95.1 |
|
Other Assets & Liabilities,
Net |
-69.1 |
-86.6 |
-102.8 |
59.7 |
-59.2 |
|
Other Operating Cash Flow |
1.3 |
3.7 |
119.0 |
- |
- |
|
Changes in Working Capital |
-803.1 |
-675.1 |
-974.1 |
-419.4 |
-388.5 |
|
Cash from Operating Activities |
1,168.3 |
-383.1 |
732.2 |
866.6 |
493.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-631.4 |
-573.3 |
-841.5 |
-513.4 |
-368.4 |
|
Purchase/Acquisition of
Intangibles |
-151.4 |
-212.3 |
-82.4 |
-92.0 |
-75.0 |
|
Capital Expenditures |
-782.9 |
-785.6 |
-923.9 |
-605.4 |
-443.3 |
|
Sale of Business |
45.1 |
447.0 |
10.5 |
- |
110.2 |
|
Sale of Fixed Assets |
69.0 |
126.7 |
181.2 |
36.7 |
146.6 |
|
Sale/Maturity of Investment |
3,503.5 |
3,020.6 |
2,315.1 |
1,181.3 |
305.6 |
|
Purchase of Investments |
-3,727.7 |
-3,224.9 |
-2,850.9 |
-2,066.5 |
-487.4 |
|
Sale of Intangible Assets |
90.2 |
21.1 |
0.0 |
1.4 |
0.0 |
|
Other Investing Cash Flow |
-261.8 |
-226.0 |
-79.2 |
-723.3 |
28.6 |
|
Other Investing Cash Flow Items, Total |
-281.7 |
164.6 |
-423.3 |
-1,570.4 |
103.6 |
|
Cash from Investing Activities |
-1,064.6 |
-620.9 |
-1,347.2 |
-2,175.8 |
-339.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-654.8 |
-416.3 |
-3,080.9 |
-4,480.1 |
-534.7 |
|
Financing Cash Flow Items |
-654.8 |
-416.3 |
-3,080.9 |
-4,480.1 |
-534.7 |
|
Total Cash Dividends Paid |
-127.3 |
-100.8 |
-127.6 |
-113.2 |
-36.6 |
|
Sale/Issuance
of Common |
226.5 |
325.0 |
412.6 |
193.7 |
91.9 |
|
Repurchase/Retirement
of Common |
-5.7 |
-2.5 |
-67.5 |
-0.6 |
-129.3 |
|
Common Stock, Net |
220.8 |
322.5 |
345.1 |
193.1 |
-37.4 |
|
Options Exercised |
5.5 |
0.9 |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
226.2 |
323.4 |
345.1 |
193.1 |
-37.4 |
|
Short Term
Debt Issued |
7,054.7 |
3,904.2 |
3,719.6 |
3,817.6 |
933.2 |
|
Short Term
Debt Reduction |
-6,896.3 |
-4,059.0 |
- |
- |
-628.1 |
|
Short Term Debt, Net |
158.4 |
-154.8 |
3,719.6 |
3,817.6 |
305.0 |
|
Long Term
Debt Issued |
5,722.9 |
3,367.0 |
3,015.1 |
3,191.2 |
1,555.8 |
|
Long Term
Debt Reduction |
-4,975.9 |
-1,638.2 |
-2,313.1 |
-1,049.2 |
-1,621.4 |
|
Long Term Debt, Net |
747.0 |
1,728.8 |
702.0 |
2,142.0 |
-65.6 |
|
Issuance (Retirement) of Debt, Net |
905.4 |
1,574.0 |
4,421.6 |
5,959.6 |
239.4 |
|
Cash from Financing Activities |
349.6 |
1,380.3 |
1,558.2 |
1,559.4 |
-369.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-12.4 |
45.1 |
53.9 |
4.1 |
-2.1 |
|
Net Change in Cash |
440.9 |
421.3 |
997.1 |
254.3 |
-218.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,953.6 |
1,348.5 |
566.8 |
417.0 |
623.9 |
|
Net Cash - Ending Balance |
2,394.5 |
1,769.8 |
1,563.9 |
671.3 |
405.7 |
Annual Income Statement
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 |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Product Revenue |
12,637.7 |
8,945.0 |
9,694.4 |
8,649.5 |
- |
|
Merchandise Revenue |
1,107.5 |
1,002.4 |
1,726.4 |
1,880.2 |
- |
|
Construction Revenue |
5,664.2 |
5,352.9 |
7,085.5 |
5,195.2 |
- |
|
Other Revenue |
520.4 |
490.8 |
528.0 |
446.1 |
- |
|
Net Sales |
- |
- |
- |
- |
13,651.8 |
|
Total Revenue |
19,929.8 |
15,791.1 |
19,034.4 |
16,171.0 |
13,651.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
- |
- |
- |
- |
10,797.1 |
|
Cost-Finished Goods Sold |
9,358.7 |
7,370.6 |
8,138.9 |
6,329.2 |
- |
|
Cost-Merchandise Sold |
1,065.6 |
980.0 |
1,073.6 |
1,558.3 |
- |
|
Cost-Construction Business |
4,919.3 |
4,535.6 |
5,891.7 |
4,572.1 |
- |
|
Cost-Other Sales |
620.1 |
466.2 |
438.1 |
252.4 |
- |
|
Selling/General/Adm. |
- |
- |
- |
- |
2,037.6 |
|
Salaries & Wages |
665.7 |
512.8 |
616.6 |
592.3 |
- |
|
Retirement Allowance |
49.7 |
25.1 |
46.9 |
55.1 |
- |
|
Employee Benefits |
142.3 |
99.7 |
175.6 |
109.5 |
- |
|
Expense-Stock Compensation |
7.0 |
3.4 |
9.2 |
7.5 |
- |
|
Travel Expense |
65.6 |
56.2 |
75.8 |
48.7 |
- |
|
Communication Expense |
8.3 |
7.5 |
12.5 |
11.6 |
- |
|
Utility Expense |
14.1 |
10.8 |
12.4 |
15.8 |
- |
|
Taxes & Dues |
26.6 |
19.2 |
22.7 |
21.9 |
- |
|
Expense-Consumable Goods |
31.0 |
29.6 |
32.8 |
6.6 |
- |
|
Office Expense |
8.7 |
5.8 |
6.7 |
10.7 |
- |
|
Rent |
72.7 |
67.9 |
61.6 |
90.3 |
- |
|
Office Maintenance Expense |
9.4 |
5.5 |
10.3 |
12.5 |
- |
|
Repair Expense |
1.7 |
10.2 |
19.5 |
15.6 |
- |
|
Vehicles Maintenance Expense |
6.1 |
5.0 |
6.9 |
6.7 |
- |
|
Insurance Expense |
15.8 |
14.2 |
19.3 |
13.4 |
- |
|
Commission Paid |
132.7 |
182.0 |
219.6 |
216.5 |
- |
|
Shipping & Storage Expense |
109.0 |
66.9 |
170.2 |
168.0 |
- |
|
Packaging Expense |
7.4 |
4.1 |
4.9 |
4.9 |
- |
|
Entertainment Expense |
14.5 |
11.3 |
17.5 |
25.4 |
- |
|
Marketing Expense |
6.6 |
9.4 |
21.8 |
15.4 |
- |
|
Advertising Expense |
82.7 |
75.9 |
96.7 |
108.3 |
- |
|
Education & Training Expense |
21.7 |
14.5 |
24.1 |
19.7 |
- |
|
Overseas Market Development
Expense |
20.5 |
18.9 |
17.3 |
11.7 |
- |
|
Sales Commission |
87.7 |
47.2 |
128.5 |
141.4 |
- |
|
Provision-Bad Debt |
191.8 |
64.1 |
64.8 |
48.3 |
- |
|
Defective Repair Expense |
6.7 |
5.6 |
8.0 |
13.4 |
- |
|
Miscellaneous Operating Expense |
175.3 |
175.6 |
134.4 |
117.9 |
- |
|
Research & Development Expense |
179.9 |
124.3 |
155.1 |
156.8 |
- |
|
Depreciation Expense |
40.6 |
41.4 |
52.0 |
50.5 |
- |
|
Amortization-Intangibles |
358.5 |
334.9 |
363.1 |
101.8 |
- |
|
Total Operating Expense |
18,523.9 |
15,401.4 |
18,149.0 |
14,930.3 |
12,834.7 |
|
|
|
|
|
|
|
|
Interest Income |
89.8 |
103.5 |
211.9 |
65.5 |
57.0 |
|
Dividend Income |
2.9 |
1.3 |
1.7 |
2.1 |
2.9 |
|
Rental Income |
- |
- |
- |
- |
3.4 |
|
G-Tang Asst Disposal |
19.7 |
4.7 |
17.7 |
14.9 |
12.5 |
|
Recovery-Invest. Sec. Reduction
Loss |
0.0 |
6.9 |
1.5 |
0.0 |
- |
|
G-Derivatives Trade |
227.3 |
314.9 |
106.6 |
72.6 |
48.1 |
|
G-Derivatives Valuat |
189.6 |
416.8 |
96.4 |
43.9 |
10.9 |
|
G-Inv.Asset Disposal |
5.1 |
15.0 |
59.6 |
184.0 |
77.1 |
|
Gain-Foreign Exchange Transaction |
270.6 |
316.6 |
474.7 |
86.2 |
80.7 |
|
Gain-Foreign Currency Translation |
50.9 |
92.8 |
135.9 |
35.1 |
38.5 |
|
Gain-Valuation of
Contracts-Settlement |
80.8 |
318.9 |
463.6 |
- |
- |
|
Reversal-L-Investment Assets
Reduction |
- |
- |
- |
- |
0.1 |
|
Reversal-L-Tangible Assets
Reduction |
0.0 |
2.3 |
0.5 |
19.7 |
9.9 |
|
Revers-Doubtful Acct |
2.7 |
20.5 |
0.4 |
22.7 |
9.1 |
|
Reversal-Neg.Goodwil |
11.4 |
10.2 |
11.9 |
8.9 |
30.3 |
|
Fees Received |
1.9 |
0.9 |
3.9 |
1.8 |
1.4 |
|
Reversal-Error Repairment Reserves |
- |
- |
- |
- |
12.8 |
|
Reversal-Delay Compensation
Reserves |
- |
- |
- |
- |
0.2 |
|
Other Non-Op. Income |
280.8 |
120.8 |
86.9 |
112.3 |
98.7 |
|
Interest Expenses |
-593.5 |
-627.9 |
-634.7 |
-315.8 |
-330.4 |
|
L-Trade Rcv Disposal |
-14.8 |
-19.6 |
-21.6 |
-23.3 |
-50.0 |
|
Loss-Scrapping of inventory |
-2.7 |
-6.0 |
-3.1 |
-2.2 |
- |
|
Loss-Disposal of ST Investment
Assets |
- |
- |
- |
- |
-0.5 |
|
L-Inv.Asset Disposal |
-0.8 |
-0.5 |
-4.2 |
-4.6 |
-1.5 |
|
L-Inv.Asset Reduction |
- |
- |
- |
- |
-10.8 |
|
L-Tang.Asst Disposal |
-3.8 |
-8.3 |
-16.9 |
-24.0 |
-41.5 |
|
Loss-Valuation of Confirmed
Contracts |
-469.0 |
-762.5 |
-14.3 |
- |
- |
|
L-Tang.Asst Reduction |
-1.4 |
-1.0 |
-18.9 |
-9.6 |
-34.6 |
|
L-Bond Redemption |
-0.2 |
-0.3 |
- |
-3.9 |
-11.0 |
|
L-Derivatives Trade |
-131.3 |
-501.1 |
-397.4 |
-77.2 |
-35.1 |
|
L-Derivatives Valu |
-63.3 |
-57.8 |
-716.2 |
-140.3 |
-43.7 |
|
Loss-Foreign Exchange Transaction |
-266.5 |
-357.7 |
-415.0 |
-78.2 |
-75.6 |
|
Loss-Foreign Currency Translation |
-78.8 |
-65.8 |
-384.3 |
-66.6 |
-19.0 |
|
Loss-Reduction of Investment
Securities |
- |
- |
-0.2 |
-3.7 |
- |
|
Other Amortization |
- |
- |
-27.2 |
-20.8 |
-34.7 |
|
Donations Paid |
-36.5 |
-24.2 |
-127.1 |
-34.5 |
-20.1 |
|
Loss-Assets Revaluation |
- |
- |
-4.5 |
- |
- |
|
L-Intang Asset Reduction |
-38.6 |
-4.2 |
-90.3 |
-25.6 |
-22.0 |
|
L-Inventory Valuatn |
- |
- |
- |
- |
-4.1 |
|
Guarantee Fee Paid |
- |
- |
- |
- |
-31.9 |
|
Other Non-Op Expense |
-299.2 |
-152.4 |
-85.6 |
-131.3 |
-59.1 |
|
Gain-Disposal of Equity Method
Sec. |
- |
152.1 |
5.3 |
- |
- |
|
Loss-Disposal of Equity Method
Sec. |
-0.3 |
0.0 |
- |
-0.9 |
- |
|
Loss-Reduction of Equity Method
Sec. |
- |
-0.1 |
-0.1 |
- |
- |
|
Gain under Equity Method |
8.7 |
13.7 |
4.4 |
38.9 |
5.5 |
|
Loss under Equity Method |
-4.5 |
-10.8 |
-38.6 |
-114.9 |
-38.5 |
|
Loss Reduction of Other
Non-Current Asse |
-28.2 |
- |
- |
- |
- |
|
Loss-Redemption of LT Borrowings |
-1.3 |
- |
- |
- |
- |
|
Other Allowance for Doubtful
Accounts |
-26.2 |
-12.2 |
- |
- |
- |
|
Net Income Before Taxes |
587.4 |
-310.8 |
-431.7 |
872.0 |
451.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
286.4 |
100.7 |
-98.5 |
427.1 |
295.0 |
|
Net Income After Taxes |
301.0 |
-411.5 |
-333.2 |
444.9 |
156.8 |
|
|
|
|
|
|
|
|
Earning Before Acquisition of
Subsidiary |
- |
- |
-6.4 |
- |
- |
|
Gain Minority Int. |
-99.0 |
390.1 |
280.2 |
-368.9 |
-144.5 |
|
Net Income Before Extra. Items |
202.0 |
-21.4 |
-59.4 |
76.1 |
12.3 |
|
Loss on Discontinued Operations |
27.2 |
202.5 |
157.2 |
11.6 |
- |
|
Net Income |
229.2 |
181.0 |
97.8 |
87.6 |
12.3 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-49.5 |
-39.5 |
-4.8 |
-3.5 |
-5.6 |
|
Income Available to Com Excl E |
152.5 |
-60.9 |
-64.2 |
72.5 |
6.7 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
179.7 |
141.5 |
93.1 |
84.1 |
6.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
18.3 |
18.2 |
18.1 |
17.7 |
17.4 |
|
Basic EPS Excluding ExtraOrdin |
8.33 |
-3.36 |
-3.55 |
4.10 |
0.39 |
|
Basic EPS Including ExtraOrdin |
9.82 |
7.80 |
5.14 |
4.75 |
0.39 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
179.7 |
141.5 |
93.1 |
84.1 |
6.7 |
|
Diluted Weighted Average Share |
18.4 |
18.2 |
18.1 |
18.1 |
18.5 |
|
Diluted EPS Excluding ExtraOrd |
8.31 |
-3.36 |
-3.55 |
4.00 |
0.36 |
|
Diluted EPS Including ExtraOrd |
9.79 |
7.80 |
5.14 |
4.63 |
0.36 |
|
DPS-Common Stock |
1.73 |
1.57 |
0.91 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
31.7 |
28.5 |
16.5 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
809.3 |
-53.7 |
-110.9 |
975.9 |
584.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
287.2 |
110.9 |
-90.1 |
444.0 |
322.7 |
|
Normalized Income After Taxes |
522.1 |
-164.6 |
-20.7 |
531.9 |
262.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
373.6 |
186.0 |
248.3 |
159.5 |
112.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
20.40 |
10.25 |
13.73 |
9.01 |
6.43 |
|
Diluted Normalized EPS |
20.35 |
10.25 |
13.73 |
8.79 |
6.06 |
|
Interest Expense |
593.5 |
627.9 |
634.7 |
315.8 |
330.4 |
|
Rental Expense |
72.7 |
67.9 |
61.6 |
90.3 |
- |
|
Advertising Expense |
89.2 |
85.3 |
118.4 |
123.7 |
- |
|
R&D Expense, Supplemental |
179.9 |
124.3 |
155.1 |
156.8 |
- |
|
Amort of Intangibles, Supplemental |
369.2 |
374.2 |
84.8 |
47.5 |
33.7 |
|
Amort of Acquisation Cost |
231.7 |
238.8 |
308.9 |
78.2 |
84.4 |
|
Amort of Neg-Acquisation Cost |
-11.4 |
-10.8 |
-11.9 |
-8.9 |
-30.3 |
|
Depreciation |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
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 |
Reclassified
Normal |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Equivalents |
2,439.6 |
1,939.9 |
1,366.5 |
666.4 |
416.6 |
|
ST Finl Assets |
359.2 |
166.8 |
238.8 |
141.6 |
233.1 |
|
ST Investment Securities |
134.2 |
89.5 |
113.7 |
3.9 |
- |
|
ST Investment Assets |
- |
- |
- |
- |
7.3 |
|
ST Loans |
531.8 |
257.9 |
82.7 |
120.2 |
153.4 |
|
Trade Rcvbls,G |
5,738.9 |
4,889.7 |
4,522.7 |
4,067.6 |
2,108.7 |
|
PV Discount-Rcvb |
- |
- |
- |
- |
-5.1 |
|
Reserve-Doubtful Account |
-419.0 |
-231.3 |
-205.6 |
-200.2 |
-154.5 |
|
Constructn Rcvbl |
- |
- |
- |
- |
1,506.0 |
|
Other Rcvbls |
394.8 |
267.8 |
158.5 |
262.9 |
214.5 |
|
Receivable-Recovery of Taxes |
25.1 |
10.3 |
44.0 |
1.4 |
- |
|
Advance Payments |
425.3 |
596.5 |
440.8 |
401.1 |
320.7 |
|
Prepaid Expenses |
119.8 |
90.6 |
81.3 |
200.9 |
177.2 |
|
Accrued Income |
111.4 |
40.5 |
58.4 |
38.6 |
26.6 |
|
Contracts on Settlement |
304.6 |
438.7 |
1,404.1 |
- |
- |
|
Derivatives |
143.3 |
371.8 |
364.3 |
180.8 |
242.3 |
|
Other Quick Asst |
332.3 |
134.5 |
137.0 |
75.7 |
44.6 |
|
Deferred Income Tax |
191.6 |
117.6 |
181.6 |
170.0 |
98.4 |
|
Merchandises |
62.6 |
212.4 |
316.1 |
351.3 |
364.3 |
|
Finished Goods |
625.0 |
291.4 |
386.1 |
319.9 |
331.6 |
|
Finished Homes |
- |
- |
- |
- |
5.5 |
|
Homes in Progres |
- |
- |
- |
- |
99.6 |
|
Unfinish. Constr |
- |
- |
- |
- |
0.7 |
|
Work in Progress |
338.7 |
374.1 |
426.7 |
298.6 |
308.0 |
|
Raw Materials |
676.9 |
579.9 |
742.4 |
382.3 |
318.0 |
|
Supplies |
- |
- |
- |
- |
20.8 |
|
Goods in Transit |
240.1 |
187.0 |
222.3 |
258.0 |
162.5 |
|
Reserve-Inventory Valuation |
-104.0 |
-113.9 |
-96.1 |
-61.9 |
-62.0 |
|
Miscellaneous Inventory |
161.1 |
58.2 |
85.7 |
100.2 |
10.0 |
|
Total Current Assets |
12,833.3 |
10,769.7 |
11,071.9 |
7,779.4 |
6,949.2 |
|
|
|
|
|
|
|
|
LT Finl Assets |
53.2 |
17.9 |
18.8 |
11.2 |
15.7 |
|
LT Investment Stock |
487.9 |
431.0 |
343.0 |
824.8 |
711.5 |
|
Derivatives, assets |
138.0 |
84.5 |
150.2 |
- |
- |
|
Affiliates Stock |
162.7 |
626.0 |
154.5 |
1,603.9 |
149.1 |
|
LT Loan |
74.3 |
66.9 |
81.6 |
85.2 |
72.5 |
|
Other Inv Assets |
- |
- |
- |
- |
61.4 |
|
LT Guarantee Dep |
175.8 |
183.6 |
137.8 |
206.3 |
197.4 |
|
Other LT Assets |
201.0 |
190.6 |
74.1 |
96.0 |
- |
|
LT Prepaid Expense |
5.7 |
15.9 |
12.9 |
16.5 |
- |
|
Contracts on Settlement,LT |
186.0 |
789.6 |
1,141.9 |
- |
- |
|
LT Trade Rcvbls. |
9.1 |
7.5 |
9.5 |
8.5 |
3.5 |
|
LT Account Rcvb |
- |
- |
- |
- |
6.1 |
|
LA Deferred Tax |
62.1 |
144.6 |
87.7 |
87.5 |
44.5 |
|
Land |
3,474.2 |
3,351.3 |
3,203.8 |
1,497.7 |
1,496.0 |
|
Buildings |
1,940.0 |
1,741.3 |
1,441.5 |
1,578.0 |
1,565.3 |
|
Buildings-Depreciation |
-462.9 |
-357.6 |
-300.2 |
-364.0 |
-358.1 |
|
Use Rgt Adj-Buil |
- |
- |
- |
- |
-19.9 |
|
Buildings-Reduction |
- |
- |
- |
- |
-4.7 |
|
Structures |
265.2 |
227.2 |
214.7 |
255.9 |
256.3 |
|
Structures-Depreciation |
-100.6 |
-87.6 |
-79.0 |
-99.4 |
-90.1 |
|
Structures-Reduction |
- |
- |
- |
- |
-0.1 |
|
Machinery/Equip. |
2,328.3 |
2,039.5 |
1,704.1 |
2,098.8 |
2,049.5 |
|
Machinery &
Equipment-Depreciation |
-1,360.8 |
-1,176.7 |
-1,021.1 |
-1,467.1 |
-1,389.4 |
|
Machinery/Equip.-Reduction |
- |
- |
- |
- |
-0.2 |
|
Transport Equip. |
- |
- |
- |
- |
28.4 |
|
Deprec-Transport |
- |
- |
- |
- |
-19.4 |
|
Construc in Prog |
140.4 |
153.2 |
391.7 |
158.5 |
159.4 |
|
Other Tangibles |
641.0 |
610.3 |
583.2 |
637.1 |
584.1 |
|
Other Tangibles-Depreciation |
-440.9 |
-389.3 |
-323.5 |
-423.4 |
-387.0 |
|
Industrial Property Right |
988.8 |
1,096.3 |
1,180.9 |
30.4 |
36.5 |
|
Development Cost |
341.3 |
270.7 |
167.9 |
207.3 |
201.0 |
|
Other Intangible |
166.9 |
180.0 |
145.0 |
69.6 |
110.9 |
|
Neg.Goodwill |
-116.7 |
-125.0 |
-126.6 |
-25.9 |
-270.9 |
|
Goodwill |
4,183.8 |
4,132.3 |
4,213.8 |
1,167.4 |
1,444.7 |
|
Other Financial Assets |
1,979.4 |
1,592.3 |
1,355.0 |
2,323.2 |
1,693.4 |
|
Total Assets |
28,356.4 |
26,585.9 |
26,035.1 |
18,363.0 |
15,296.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
621.1 |
473.5 |
480.6 |
656.9 |
683.9 |
|
Trade Payable |
2,663.6 |
2,396.8 |
2,073.2 |
2,055.6 |
1,997.6 |
|
Dividend Payable |
- |
- |
- |
- |
0.0 |
|
Inc Tax Payable |
167.2 |
188.9 |
206.5 |
261.3 |
116.5 |
|
Accrued Expenses |
603.5 |
481.3 |
426.1 |
311.9 |
230.6 |
|
Advances Receivd |
2,859.4 |
2,335.7 |
2,004.9 |
1,433.6 |
1,110.4 |
|
Unearned Income |
10.1 |
4.3 |
17.9 |
49.6 |
16.4 |
|
Deposit Withheld |
116.8 |
94.0 |
126.7 |
112.6 |
150.3 |
|
CL Guarnt Depo |
52.1 |
54.8 |
49.6 |
22.9 |
23.6 |
|
Lease Guarantee |
12.9 |
8.4 |
8.6 |
20.3 |
25.3 |
|
Tax Dep Withheld |
5.8 |
4.8 |
8.1 |
25.2 |
15.9 |
|
ST Borrowings |
3,335.3 |
3,093.3 |
3,300.4 |
2,502.4 |
2,219.3 |
|
Current LT Liab. |
442.8 |
255.0 |
591.7 |
333.2 |
900.7 |
|
Advances on Confirmed Contracts |
55.4 |
3.9 |
47.4 |
- |
- |
|
Current Bonds |
1,667.1 |
1,634.2 |
815.3 |
916.4 |
1,073.8 |
|
Returned Goods Provision |
5.3 |
5.9 |
4.6 |
5.7 |
5.6 |
|
Derivatives Valuation |
202.9 |
689.7 |
2,249.0 |
295.2 |
105.2 |
|
Deferred Income Tax Credits |
2.6 |
29.2 |
1.2 |
2.5 |
16.2 |
|
Other Cur Liabs. |
418.9 |
156.8 |
171.7 |
234.8 |
59.0 |
|
Total Current Liability |
13,243.1 |
11,910.7 |
12,583.3 |
9,240.1 |
8,750.4 |
|
|
|
|
|
|
|
|
Bonds |
2,972.6 |
3,134.9 |
1,538.0 |
2,517.1 |
1,855.0 |
|
LT Borrowings |
3,614.5 |
3,927.3 |
4,407.6 |
1,810.4 |
520.0 |
|
Asset-Backed Debts |
- |
- |
- |
6.3 |
- |
|
Total Long Term Debt |
6,587.1 |
7,062.2 |
5,945.6 |
4,333.8 |
2,375.1 |
|
|
|
|
|
|
|
|
Liability-Derivative Products
Valuation |
184.9 |
266.1 |
899.9 |
- |
- |
|
Assets Liquidation Liabilities |
- |
- |
- |
- |
146.0 |
|
LT Accounts Pay |
84.5 |
96.2 |
72.9 |
42.6 |
37.1 |
|
Rent Deposits |
- |
- |
- |
- |
183.1 |
|
Other LT Liabs. |
896.5 |
781.5 |
304.1 |
644.7 |
337.2 |
|
Membership Gurnt |
- |
- |
- |
- |
0.0 |
|
Deferred Tax-Cr |
698.8 |
474.8 |
641.7 |
370.2 |
97.2 |
|
Rsv-Error Adjus. |
- |
- |
- |
- |
0.0 |
|
Rsrv-Constrctn L |
- |
- |
- |
- |
93.7 |
|
Rsv-Delay Reimbr |
- |
- |
- |
- |
3.9 |
|
Retirement Resrv |
1,023.5 |
954.9 |
775.4 |
344.7 |
386.5 |
|
Deposit-Retirement Insurance |
-244.9 |
-218.8 |
- |
- |
- |
|
Transfer to National Pension Fund |
-3.6 |
-3.4 |
- |
- |
- |
|
Advances on Confirmed Contracts,LT |
62.7 |
23.8 |
0.0 |
- |
- |
|
Minority Int. |
4,022.5 |
3,699.3 |
3,584.6 |
2,571.5 |
2,238.0 |
|
Total Liabilities |
26,555.1 |
25,047.1 |
24,807.6 |
17,547.6 |
14,648.2 |
|
|
|
|
|
|
|
|
Common Stock |
110.3 |
106.8 |
98.2 |
129.5 |
128.3 |
|
Preferred Stock |
25.4 |
24.8 |
22.9 |
30.8 |
31.0 |
|
Capital Surplus |
658.0 |
591.6 |
513.9 |
661.9 |
691.3 |
|
Loss on Disposal of Treasury
Stocks |
- |
- |
-13.3 |
-17.9 |
- |
|
Retained Earning |
538.4 |
332.7 |
152.6 |
55.4 |
-20.6 |
|
Loss-Valuation of Investment Securities |
-76.1 |
-87.2 |
-81.1 |
-73.7 |
-149.6 |
|
Treasury Stock |
-93.3 |
-87.1 |
-76.8 |
-72.8 |
-100.2 |
|
Stock Options |
25.9 |
22.5 |
4.7 |
5.6 |
5.8 |
|
Loss on Disposal of Treasury
Stocks |
-8.0 |
-14.4 |
- |
- |
-18.0 |
|
Consolidated Capital Adjustment |
-73.1 |
-68.1 |
-41.8 |
- |
- |
|
Capital Change under Equity Method |
59.6 |
58.0 |
51.4 |
89.2 |
65.4 |
|
Capital Change under Equity
Method(Loss) |
-63.2 |
-59.9 |
-55.7 |
-74.3 |
-27.5 |
|
G-Derivative Val |
115.4 |
124.7 |
136.4 |
116.2 |
86.1 |
|
L-Derivative Val |
-118.9 |
-130.5 |
-133.4 |
-104.0 |
-44.1 |
|
Overseas Business Translation
Credit |
113.9 |
112.2 |
85.4 |
- |
- |
|
Assets Revaluation Surplus |
529.1 |
524.7 |
498.1 |
- |
- |
|
Other-Comprehensive Income |
58.1 |
87.9 |
65.9 |
78.5 |
- |
|
Stock Discnt Iss |
- |
- |
- |
- |
0.0 |
|
Othr Capital Adj |
- |
- |
- |
- |
10.1 |
|
Oversea Op Trans |
- |
- |
- |
-8.9 |
-9.6 |
|
Total Equity |
1,801.3 |
1,538.7 |
1,227.5 |
815.4 |
648.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
28,356.4 |
26,585.9 |
26,035.1 |
18,363.0 |
15,296.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
18.0 |
18.2 |
18.1 |
17.8 |
17.5 |
|
Total Common Shares Outstandin |
18.0 |
18.2 |
18.1 |
17.8 |
17.5 |
|
T/S-Common Stock |
7.0 |
6.7 |
6.6 |
6.4 |
6.4 |
|
S/O-Preferred Stock 1 |
5.0 |
5.8 |
5.0 |
5.0 |
5.0 |
|
S/O-Preferred Stock 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Preferred Shares Outstan |
5.0 |
5.8 |
5.0 |
5.0 |
5.0 |
|
T/S-Preferred Stock 1 |
0.7 |
0.7 |
0.7 |
0.7 |
0.7 |
|
T/S-Preferred Stock 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
2,869.6 |
2,340.0 |
2,022.7 |
1,483.2 |
1,126.8 |
|
Full-Time Employees |
2,782 |
1,995 |
2,751 |
4,025 |
4,472 |
|
Number of Common Shareholders |
25,788 |
22,098 |
12,458 |
13,068 |
7,339 |
|
Long Term Debt Maturing within 1 Year |
2,110.5 |
1,890.1 |
1,356.3 |
1,249.6 |
- |
|
Long Term Debt Maturing within 2 Years |
2,860.0 |
2,855.5 |
1,645.9 |
1,560.6 |
1,052.5 |
|
Long Term Debt Maturing within 3 Years |
2,582.1 |
2,306.8 |
713.6 |
1,697.6 |
888.6 |
|
Long Term Debt Maturing within 4 Years |
1,036.3 |
952.7 |
1,701.0 |
384.2 |
354.2 |
|
Long Term Debt Maturing within 5 Years |
- |
- |
- |
569.6 |
- |
|
Long Term Debt Remaining Maturities |
118.1 |
955.4 |
1,887.6 |
115.5 |
81.7 |
|
Total Long Term Debt, Supplemental |
8,707.0 |
8,960.4 |
7,304.3 |
5,577.0 |
2,376.9 |
|
Capital Lease Maturing within 1 Year |
1.1 |
1.3 |
0.9 |
- |
- |
|
Capital Lease Maturing within 2 Years |
0.5 |
0.9 |
1.1 |
- |
- |
|
Capital Lease Maturing within 3 Years |
0.2 |
0.2 |
0.7 |
- |
- |
|
Capital Lease Maturing within 4 Years |
- |
- |
0.2 |
- |
- |
|
Capital Lease Remaining Maturities |
0.4 |
0.1 |
- |
- |
- |
|
Total Capital Leases |
2.2 |
2.6 |
2.8 |
- |
- |
|
Operating Lease Maturing within 1 Year |
1.6 |
2.9 |
0.1 |
- |
- |
|
Operating Lease Maturing in 5 Years |
4.0 |
2.5 |
93.4 |
- |
- |
|
Operating Lease Remaining Maturities |
6.3 |
3.7 |
- |
- |
- |
|
Total Operating Leases |
11.9 |
9.1 |
93.5 |
- |
- |
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 |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
328.2 |
-209.0 |
-182.4 |
456.5 |
12.3 |
|
Depreciation |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
|
Amort.-Intangible |
369.2 |
374.2 |
393.7 |
125.7 |
118.0 |
|
Stock Compensation |
7.8 |
7.0 |
9.4 |
7.7 |
5.3 |
|
Amort-Bad Debt Exp |
255.9 |
65.1 |
63.9 |
48.3 |
30.4 |
|
Amort-Otr Bad Debt E |
26.2 |
12.2 |
27.2 |
20.8 |
34.7 |
|
Amortization-Discount on Bond
Issuance |
2.9 |
1.0 |
3.3 |
- |
4.7 |
|
Retirement Allowance |
174.7 |
109.5 |
173.8 |
140.4 |
140.2 |
|
L-For Exch Translatn |
71.2 |
85.7 |
352.8 |
61.1 |
18.6 |
|
Loss-Redemption of Bond |
0.2 |
0.3 |
- |
3.9 |
11.0 |
|
L-Trade Rcvbl Disp |
14.8 |
19.6 |
21.7 |
23.3 |
50.0 |
|
L-Inventory Valuatn |
- |
15.1 |
11.0 |
0.9 |
10.8 |
|
Loss-Valuation of Contract on
Settlement |
469.0 |
762.5 |
14.3 |
- |
- |
|
Loss-Disposal of Sec under Equity
Method |
- |
0.1 |
0.1 |
0.9 |
- |
|
L-Derivatives Valu |
63.3 |
57.8 |
719.8 |
140.4 |
43.7 |
|
L-Inv.Asst Valuation |
- |
- |
- |
- |
0.0 |
|
Loss-Reduction of Investment
Securities |
- |
1.4 |
0.2 |
4.1 |
- |
|
L-Inv.Asst Reduction |
- |
- |
- |
- |
10.8 |
|
L-ST Inv.Asset Disposal |
- |
- |
- |
- |
0.5 |
|
L-Inv.Asset Disposal |
0.8 |
8.4 |
4.4 |
5.5 |
1.5 |
|
L-Tangible Asst Disp |
3.9 |
9.3 |
26.4 |
24.9 |
41.5 |
|
L-Tangible Asst Reduction |
1.4 |
1.0 |
19.7 |
12.8 |
34.6 |
|
L-Intang.Asset Valu |
- |
- |
- |
- |
22.0 |
|
L-Intang.Asset Reduction |
38.6 |
6.3 |
90.3 |
25.6 |
- |
|
L-Equity Method Valu |
4.5 |
14.1 |
41.8 |
114.9 |
38.5 |
|
Loss-Reduct. of Sec. under Equity
Method |
0.3 |
0.0 |
- |
- |
- |
|
Revaluation Loss |
- |
- |
4.5 |
- |
- |
|
Earning Before Acquisition of
Subsidiary |
- |
- |
6.4 |
- |
- |
|
G-Minority Interest |
- |
- |
- |
- |
144.5 |
|
Miscellaneous Loss |
- |
- |
- |
- |
9.5 |
|
Othr Non-Cash Inflow |
127.6 |
73.6 |
80.3 |
64.5 |
37.0 |
|
G-Derivatives Valu |
-189.6 |
-416.8 |
-96.7 |
-43.9 |
-10.9 |
|
Gain-Disp. of Securities/Equity
Method |
- |
-151.6 |
-5.3 |
- |
- |
|
Recovery-Loss Reduct of Invest Security |
0.0 |
-6.9 |
-1.5 |
0.0 |
- |
|
G-Mkt Secs Disposal |
- |
- |
- |
- |
0.0 |
|
G-Inv.Asset Disp |
-5.1 |
-15.0 |
-228.0 |
-184.0 |
-77.1 |
|
G-Tangible Asst Disp |
-19.8 |
-297.7 |
-5.6 |
-15.3 |
-12.5 |
|
Recovery-Tangible Assets Reduction
Loss |
0.0 |
-2.3 |
-0.5 |
-19.7 |
-9.9 |
|
Recovery-Negative Goodwill |
-11.4 |
-10.8 |
-11.9 |
-8.9 |
-30.3 |
|
Reversal-L-Inv. Assets Reduction |
- |
- |
- |
- |
-0.1 |
|
Reversal-PV Discount |
- |
- |
- |
- |
-3.1 |
|
Rvrs-Bond Discount |
- |
- |
- |
- |
-12.9 |
|
Amortization-Present Value
Discount |
- |
0.0 |
-1.4 |
- |
- |
|
G-Equity Method Valu |
-8.7 |
-13.7 |
-4.4 |
-38.9 |
-5.5 |
|
G-For Exch Translatn |
-47.1 |
-104.4 |
-121.8 |
-26.0 |
-36.2 |
|
Gain-Valuation of Contract on
Settlement |
-80.8 |
-318.9 |
-463.6 |
- |
- |
|
Recovery-Loan Loss Provision |
-2.7 |
-20.5 |
-0.4 |
-22.7 |
-9.1 |
|
Miscellaneous Gains |
- |
- |
- |
-43.0 |
-69.5 |
|
Othr Non-Cash Outflw |
-41.3 |
-54.9 |
-11.5 |
-40.2 |
-52.7 |
|
Dividend Received from Affiliates |
1.3 |
3.7 |
119.0 |
- |
- |
|
Trade Receivables |
-690.4 |
-273.0 |
-622.1 |
-741.1 |
-1,444.2 |
|
Accrued Income |
-33.4 |
14.3 |
53.9 |
- |
722.9 |
|
Account Receivables |
-322.5 |
20.1 |
25.9 |
-95.7 |
7.2 |
|
Construction Rcvbl |
- |
- |
- |
- |
-27.3 |
|
Prepaid Expenses |
-10.7 |
1.5 |
-73.0 |
-28.9 |
-11.1 |
|
Advance Payments |
39.7 |
-77.1 |
-154.7 |
-85.7 |
-20.3 |
|
Other Quick Assets |
- |
- |
- |
- |
-15.6 |
|
Inventories |
-269.1 |
472.2 |
-763.4 |
-106.8 |
90.6 |
|
Derivatives in Assets |
-37.5 |
0.9 |
-99.9 |
- |
- |
|
Deferred Income Tax Debit, Current |
19.5 |
47.7 |
63.2 |
- |
- |
|
Deferred Income Tax Debit |
4.7 |
-33.8 |
-26.0 |
- |
- |
|
Derivatives in Assets, Current |
218.5 |
-488.2 |
-335.2 |
- |
- |
|
Contract on Settlement, Current
Assets |
34.6 |
125.0 |
-571.7 |
- |
- |
|
Contract on Settlement, LT Assets |
268.4 |
100.5 |
-980.1 |
- |
- |
|
LT Trade Rcvbls |
- |
- |
- |
- |
-1.2 |
|
LT Account Rcvbls |
- |
- |
- |
- |
29.2 |
|
Deferred Taxes-Asset |
- |
- |
- |
- |
18.5 |
|
Trade Payables |
195.0 |
127.7 |
624.4 |
208.2 |
272.9 |
|
Account Payables |
-2.7 |
117.4 |
-8.7 |
-69.8 |
95.0 |
|
Unearned Income |
-6.9 |
-1.4 |
-21.8 |
- |
- |
|
Guarantee Deposit |
- |
- |
- |
- |
3.1 |
|
Accrued Expenses |
97.0 |
35.9 |
222.4 |
46.8 |
39.5 |
|
Accrued Inc Tax |
-41.2 |
-17.8 |
14.1 |
164.5 |
27.6 |
|
Derivatives in Liabilities |
-62.6 |
-5.5 |
343.3 |
- |
- |
|
Deferred Income Tax Credit,
Current, A/L |
0.8 |
-22.5 |
-0.7 |
- |
- |
|
Unearned Income |
- |
- |
- |
- |
6.6 |
|
Advances Received |
201.1 |
120.3 |
1,045.1 |
395.3 |
-50.4 |
|
Lease Guarantee |
- |
- |
- |
- |
10.3 |
|
Deposits Withheld |
38.9 |
-47.1 |
25.6 |
50.2 |
15.5 |
|
VAT Withheld |
-13.5 |
2.1 |
-12.1 |
-3.9 |
0.8 |
|
Other Current Liab. |
8.2 |
-2.9 |
-3.2 |
-31.6 |
24.1 |
|
Deferred Taxes-Liab. |
-47.2 |
-38.0 |
418.1 |
110.3 |
20.3 |
|
Other Asset/Liab |
-69.1 |
-86.6 |
-102.8 |
59.7 |
-59.2 |
|
Returned Goods Provision |
- |
- |
- |
- |
-0.6 |
|
Nation Pension Fnd |
- |
- |
- |
- |
1.8 |
|
Retiremt Allow Paymt |
-128.0 |
-156.8 |
-120.8 |
-110.8 |
-95.0 |
|
Inc-Retire Insurance |
-25.5 |
4.2 |
15.6 |
-70.0 |
-13.1 |
|
Reserve-National Pension |
0.3 |
0.7 |
0.6 |
- |
- |
|
Derivatives in Liabilities,
Current |
-169.4 |
-606.7 |
387.1 |
- |
- |
|
Contract on Settlement, Current
Liab. |
-92.4 |
-46.2 |
18.1 |
- |
- |
|
Contract on Settlement, LT
Liabilities |
29.4 |
-0.2 |
0.0 |
- |
- |
|
Reserve-Sales Return |
39.4 |
-12.3 |
0.4 |
- |
- |
|
Retirement Allw Rsrv |
- |
- |
- |
- |
2.8 |
|
Dividend Income |
- |
- |
- |
- |
12.4 |
|
Loss on Reduction of Other
Non-Current A |
28.2 |
- |
- |
- |
- |
|
Commission Accrued |
32.2 |
- |
- |
- |
- |
|
Loss-Scraping of Inventory |
2.7 |
- |
- |
- |
- |
|
Loss -Redemption of LT Borrowings |
1.3 |
- |
- |
- |
- |
|
Recovery of Losses on Valuation of
Inven |
-12.6 |
- |
- |
- |
- |
|
Cash from Operating Activities |
1,168.3 |
-383.1 |
732.2 |
866.6 |
493.0 |
|
|
|
|
|
|
|
|
Dec-ST Finl Asset |
3,445.1 |
2,563.2 |
1,987.3 |
749.1 |
197.2 |
|
Dec-LT Finl Asset |
0.1 |
2.9 |
16.4 |
3.9 |
0.5 |
|
Dec-ST Loans |
120.7 |
327.1 |
0.3 |
256.6 |
43.0 |
|
Dec-LT Loans |
0.6 |
2.3 |
3.8 |
9.5 |
7.7 |
|
Dec-Guarantee Dep |
42.3 |
28.7 |
69.8 |
88.8 |
25.8 |
|
Decrease-Marketable Securities |
5.2 |
87.7 |
46.7 |
8.1 |
0.3 |
|
Dec-Investment Secs |
53.1 |
85.5 |
78.9 |
387.6 |
70.3 |
|
Dec-Affiliates Stock |
- |
281.3 |
185.8 |
32.5 |
7.2 |
|
Dec-Other Inv Asset |
- |
- |
- |
- |
30.0 |
|
Dec-Tangible Assets |
69.0 |
126.7 |
181.2 |
36.7 |
- |
|
Disp-Land |
- |
- |
- |
- |
93.5 |
|
Disposal of Building |
- |
- |
- |
- |
37.7 |
|
Disp-Structure |
- |
- |
- |
- |
0.8 |
|
Disp-Machinery |
- |
- |
- |
- |
12.0 |
|
Disp-Vehicles |
- |
- |
- |
- |
0.4 |
|
Disp-Fixtures |
- |
- |
- |
- |
0.1 |
|
Disp-Constructn Prog |
- |
- |
- |
- |
0.1 |
|
Disp-Othr Tang.Asset |
- |
- |
- |
- |
2.0 |
|
Disposal-Intangibles |
90.2 |
21.1 |
0.0 |
1.4 |
0.0 |
|
Disposal-Business Segment |
45.1 |
447.0 |
10.5 |
- |
110.2 |
|
Increase-Other Investing
Activities |
16.3 |
30.1 |
22.3 |
36.7 |
13.4 |
|
Inc-ST Finl Asset |
-3,638.1 |
-2,584.4 |
-2,361.1 |
-418.7 |
-110.4 |
|
Inc-LT Finl Asset |
-13.9 |
-0.8 |
-6.9 |
-0.1 |
-38.9 |
|
Increase-Marketable Securities |
-21.8 |
-92.6 |
-26.1 |
-164.7 |
-2.9 |
|
Inc-ST Loans |
-359.4 |
-405.6 |
-29.7 |
-638.4 |
-9.8 |
|
Inc-LT Loans |
-9.1 |
-72.0 |
-25.4 |
-170.3 |
-7.2 |
|
Inc-Guarantee Dep |
-34.1 |
-35.6 |
-40.4 |
-107.0 |
-33.6 |
|
Inc-Investment Secs |
-61.4 |
-191.7 |
-64.4 |
-99.4 |
-133.1 |
|
Inc-Affiliates Stock |
-14.4 |
-448.0 |
-418.5 |
-1,548.2 |
-205.0 |
|
Cash Outflow-Other Investing
Activities |
-17.4 |
-8.4 |
-54.0 |
-34.5 |
-7.9 |
|
Acq-Land |
- |
- |
- |
- |
-1.0 |
|
Acq-Building |
- |
- |
- |
- |
-2.6 |
|
Acq-Structure |
- |
- |
- |
- |
-6.9 |
|
Acq-Machinery |
- |
- |
- |
- |
-41.8 |
|
Acq-Fixtures |
- |
- |
- |
- |
-7.4 |
|
Acq-Vehicles |
- |
- |
- |
- |
-2.0 |
|
Acq-Constructn Prog |
- |
- |
- |
- |
-226.2 |
|
Acq-Other Tang.Asset |
- |
- |
- |
- |
-80.5 |
|
Acq-Tang.Asset |
-631.4 |
-573.3 |
-841.5 |
-513.4 |
- |
|
Acq-Intangibles |
-151.4 |
-212.3 |
-82.4 |
-92.0 |
-75.0 |
|
Other Invest Outflow |
- |
- |
- |
- |
0.0 |
|
Cash from Investing Activities |
-1,064.6 |
-620.9 |
-1,347.2 |
-2,175.8 |
-339.7 |
|
|
|
|
|
|
|
|
Inc-Share Capital |
198.3 |
103.0 |
412.6 |
94.3 |
2.8 |
|
Inc-ST Borrowings |
7,054.7 |
3,904.2 |
3,719.6 |
3,817.6 |
933.2 |
|
Cash Inflow-Other Financing
Activities |
1.1 |
1.0 |
0.4 |
- |
- |
|
Inc-LT Borrowing |
3,828.6 |
506.1 |
2,380.6 |
1,521.8 |
603.8 |
|
Inc-Bonds |
1,894.3 |
2,860.9 |
634.5 |
1,669.3 |
952.1 |
|
Inc-Membership Gurnt |
- |
- |
- |
- |
4.3 |
|
Increase-LT Rent Guarantee Deposit |
- |
- |
- |
- |
11.5 |
|
Inc-LT Acct Payable |
- |
- |
- |
- |
0.0 |
|
Disp-Treasury Stock |
28.2 |
222.0 |
- |
99.4 |
89.1 |
|
Exercise-Stock Options |
5.5 |
0.9 |
- |
- |
- |
|
Incr-Oversea Trns Cr |
- |
- |
- |
- |
0.0 |
|
Others, FP |
- |
- |
- |
- |
270.8 |
|
Dec-Curr LT Liabs |
-1,108.3 |
-489.9 |
-3,062.0 |
-4,403.9 |
-825.2 |
|
Decrease-ST Borrowings |
-6,896.3 |
-4,059.0 |
- |
- |
-628.1 |
|
Dec-LT Borrowings |
-2,835.4 |
-973.8 |
-785.2 |
-393.4 |
-1,104.3 |
|
Dec-Bonds |
-2,140.5 |
-664.4 |
-1,528.0 |
-655.8 |
-517.1 |
|
Dec-Assets Liquidation Liabilities |
-359.4 |
-50.3 |
-93.0 |
-84.7 |
-3.5 |
|
Decrease-LT Lease Guarantee
Deposit |
- |
- |
- |
- |
-16.0 |
|
Dec-LT Acct Payable |
- |
- |
- |
- |
0.0 |
|
Acq-Treasury Stock |
-5.7 |
-2.5 |
-67.5 |
-0.6 |
-129.3 |
|
Payment-Dividends |
-127.3 |
-100.8 |
-127.6 |
-113.2 |
-36.6 |
|
Cash Outflow-Other Financing Activities |
-2.8 |
-1.0 |
-20.3 |
-7.2 |
-6.3 |
|
Net Change in Other Cash |
- |
- |
-17.9 |
- |
0.0 |
|
Consolid Scope Adj |
500.2 |
123.9 |
111.9 |
15.6 |
29.7 |
|
Inc-Assets Liquidation Liabilities |
314.4 |
- |
- |
- |
- |
|
Cash from Financing Activities |
349.6 |
1,380.3 |
1,558.2 |
1,559.4 |
-369.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-12.4 |
45.1 |
53.9 |
4.1 |
-2.1 |
|
Net Change in Cash |
440.9 |
421.3 |
997.1 |
254.3 |
-218.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,953.6 |
1,348.5 |
566.8 |
417.0 |
623.9 |
|
Net Cash - Ending Balance |
2,394.5 |
1,769.8 |
1,563.9 |
671.3 |
405.7 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
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Annual Income Statement
Standardized
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 |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
19,409.4 |
15,300.3 |
18,506.3 |
15,724.8 |
13,651.8 |
|
Revenue |
19,409.4 |
15,300.3 |
18,506.3 |
15,724.8 |
13,651.8 |
|
Other Revenue |
520.4 |
490.8 |
528.0 |
446.1 |
- |
|
Other Revenue, Total |
520.4 |
490.8 |
528.0 |
446.1 |
- |
|
Total Revenue |
19,929.8 |
15,791.1 |
19,034.4 |
16,171.0 |
13,651.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
15,963.7 |
13,352.5 |
15,542.3 |
12,712.0 |
10,797.1 |
|
Cost of Revenue, Total |
15,963.7 |
13,352.5 |
15,542.3 |
12,712.0 |
10,797.1 |
|
Gross Profit |
3,445.7 |
1,947.8 |
2,964.0 |
3,012.8 |
2,854.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
1,027.1 |
822.1 |
1,069.8 |
1,021.0 |
2,037.6 |
|
Labor & Related Expense |
864.8 |
641.0 |
848.3 |
764.4 |
- |
|
Advertising Expense |
89.2 |
85.3 |
118.4 |
123.7 |
- |
|
Total Selling/General/Administrative Expenses |
1,981.2 |
1,548.4 |
2,036.6 |
1,909.1 |
2,037.6 |
|
Research & Development |
179.9 |
124.3 |
155.1 |
156.8 |
- |
|
Depreciation |
40.6 |
41.4 |
52.0 |
50.5 |
- |
|
Amortization of Intangibles |
358.5 |
334.9 |
363.1 |
101.8 |
- |
|
Depreciation/Amortization |
399.1 |
376.3 |
415.0 |
152.3 |
- |
|
Total Operating Expense |
18,523.9 |
15,401.4 |
18,149.0 |
14,930.3 |
12,834.7 |
|
|
|
|
|
|
|
|
Operating Income |
1,405.9 |
389.7 |
885.3 |
1,240.7 |
817.0 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-593.5 |
-627.9 |
-634.7 |
-315.8 |
-330.4 |
|
Interest Expense, Net
Non-Operating |
-593.5 |
-627.9 |
-634.7 |
-315.8 |
-330.4 |
|
Interest
Income - Non-Operating |
89.8 |
103.5 |
211.9 |
65.5 |
57.0 |
|
Investment
Income - Non-Operating |
222.0 |
642.7 |
-721.2 |
-62.7 |
-32.8 |
|
Interest/Investment Income -
Non-Operating |
311.8 |
746.2 |
-509.3 |
2.8 |
24.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
-281.7 |
118.3 |
-1,144.0 |
-313.0 |
-306.3 |
|
Gain (Loss) on Sale of Assets |
-1.6 |
-29.1 |
-23.9 |
-34.5 |
-79.0 |
|
Other Non-Operating Income
(Expense) |
-535.2 |
-789.7 |
-149.1 |
-21.2 |
20.1 |
|
Other, Net |
-535.2 |
-789.7 |
-149.1 |
-21.2 |
20.1 |
|
Income Before Tax |
587.4 |
-310.8 |
-431.7 |
872.0 |
451.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
286.4 |
100.7 |
-98.5 |
427.1 |
295.0 |
|
Income After Tax |
301.0 |
-411.5 |
-333.2 |
444.9 |
156.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-99.0 |
390.1 |
280.2 |
-368.9 |
-144.5 |
|
Equity In Affiliates |
- |
- |
-6.4 |
- |
- |
|
Net Income Before Extraord Items |
202.0 |
-21.4 |
-59.4 |
76.1 |
12.3 |
|
Discontinued Operations |
27.2 |
202.5 |
157.2 |
11.6 |
- |
|
Total Extraord Items |
27.2 |
202.5 |
157.2 |
11.6 |
- |
|
Net Income |
229.2 |
181.0 |
97.8 |
87.6 |
12.3 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-49.5 |
-39.5 |
-4.8 |
-3.5 |
-5.6 |
|
Total Adjustments to Net Income |
-49.5 |
-39.5 |
-4.8 |
-3.5 |
-5.6 |
|
Income Available to Common Excl Extraord Items |
152.5 |
-60.9 |
-64.2 |
72.5 |
6.7 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
179.7 |
141.5 |
93.1 |
84.1 |
6.7 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
18.3 |
18.2 |
18.1 |
17.7 |
17.4 |
|
Basic EPS Excl Extraord Items |
8.33 |
-3.36 |
-3.55 |
4.10 |
0.39 |
|
Basic/Primary EPS Incl Extraord Items |
9.82 |
7.80 |
5.14 |
4.75 |
0.39 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
179.7 |
141.5 |
93.1 |
84.1 |
6.7 |
|
Diluted Weighted Average Shares |
18.4 |
18.2 |
18.1 |
18.1 |
18.5 |
|
Diluted EPS Excl Extraord Items |
8.31 |
-3.36 |
-3.55 |
4.00 |
0.36 |
|
Diluted EPS Incl Extraord Items |
9.79 |
7.80 |
5.14 |
4.63 |
0.36 |
|
Dividends per Share - Common Stock Primary Issue |
1.73 |
1.57 |
0.91 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
31.7 |
28.5 |
16.5 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
593.5 |
627.9 |
634.7 |
315.8 |
330.4 |
|
Depreciation, Supplemental |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
|
Total Special Items |
221.8 |
257.1 |
320.8 |
103.8 |
133.0 |
|
Normalized Income Before Tax |
809.3 |
-53.7 |
-110.9 |
975.9 |
584.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.8 |
10.2 |
8.4 |
16.9 |
27.6 |
|
Inc Tax Ex Impact of Sp Items |
287.2 |
110.9 |
-90.1 |
444.0 |
322.7 |
|
Normalized Income After Tax |
522.1 |
-164.6 |
-20.7 |
531.9 |
262.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
373.6 |
186.0 |
248.3 |
159.5 |
112.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
20.40 |
10.25 |
13.73 |
9.01 |
6.43 |
|
Diluted Normalized EPS |
20.35 |
10.25 |
13.73 |
8.79 |
6.06 |
|
Amort of Acquisition Costs, Supplemental |
220.2 |
228.0 |
297.0 |
69.3 |
54.0 |
|
Amort of Intangibles, Supplemental |
369.2 |
374.2 |
84.8 |
47.5 |
33.7 |
|
Rental Expenses |
72.7 |
67.9 |
61.6 |
90.3 |
- |
|
Advertising Expense, Supplemental |
89.2 |
85.3 |
118.4 |
123.7 |
- |
|
Research & Development Exp, Supplemental |
179.9 |
124.3 |
155.1 |
156.8 |
- |
|
Normalized EBIT |
1,405.9 |
389.7 |
885.3 |
1,240.7 |
817.0 |
|
Normalized EBITDA |
2,383.4 |
1,328.9 |
1,589.1 |
1,693.8 |
1,244.4 |
Interim Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
Annual Balance Sheet
Standardized
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 |
Reclassified
Normal |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2,439.6 |
1,939.9 |
1,366.5 |
666.4 |
416.6 |
|
Short Term Investments |
493.4 |
256.3 |
352.5 |
145.4 |
240.4 |
|
Cash and Short Term Investments |
2,933.0 |
2,196.2 |
1,719.0 |
811.8 |
657.1 |
|
Accounts Receivable
- Trade, Gross |
5,738.9 |
4,889.7 |
4,522.7 |
4,067.6 |
2,103.7 |
|
Provision
for Doubtful Accounts |
-419.0 |
-231.3 |
-205.6 |
-200.2 |
-154.5 |
|
Trade Accounts Receivable - Net |
5,431.3 |
4,698.9 |
4,375.4 |
3,906.0 |
3,481.7 |
|
Other Receivables |
951.7 |
536.0 |
285.2 |
384.6 |
368.0 |
|
Total Receivables, Net |
6,383.0 |
5,234.9 |
4,660.6 |
4,290.6 |
3,849.7 |
|
Inventories - Finished Goods |
687.6 |
503.7 |
702.2 |
671.2 |
701.4 |
|
Inventories - Work In Progress |
338.7 |
374.1 |
426.7 |
298.6 |
408.3 |
|
Inventories - Raw Materials |
676.9 |
579.9 |
742.4 |
382.3 |
318.0 |
|
Inventories - Other |
722.5 |
727.8 |
652.7 |
697.4 |
452.1 |
|
Total Inventory |
2,425.7 |
2,185.5 |
2,523.9 |
2,049.6 |
1,879.9 |
|
Prepaid Expenses |
119.8 |
90.6 |
81.3 |
200.9 |
177.2 |
|
Deferred Income Tax - Current
Asset |
191.6 |
117.6 |
181.6 |
170.0 |
98.4 |
|
Other Current Assets |
780.2 |
945.0 |
1,905.5 |
256.5 |
286.9 |
|
Other Current Assets, Total |
971.7 |
1,062.5 |
2,087.0 |
426.5 |
385.3 |
|
Total Current Assets |
12,833.3 |
10,769.7 |
11,071.9 |
7,779.4 |
6,949.2 |
|
|
|
|
|
|
|
|
Buildings |
2,205.2 |
1,968.5 |
1,656.2 |
1,833.9 |
1,796.9 |
|
Land/Improvements |
3,474.2 |
3,351.3 |
3,203.8 |
1,497.7 |
1,496.0 |
|
Machinery/Equipment |
2,328.3 |
2,039.5 |
1,704.1 |
2,098.8 |
2,077.7 |
|
Construction
in Progress |
140.4 |
153.2 |
391.7 |
158.5 |
159.4 |
|
Other
Property/Plant/Equipment |
641.0 |
610.3 |
583.2 |
637.1 |
584.1 |
|
Property/Plant/Equipment - Gross |
8,789.0 |
8,122.9 |
7,539.0 |
6,225.9 |
6,114.1 |
|
Accumulated Depreciation |
-2,365.2 |
-2,011.2 |
-1,723.8 |
-2,354.0 |
-2,244.0 |
|
Property/Plant/Equipment - Net |
6,423.9 |
6,111.6 |
5,815.2 |
3,871.9 |
3,870.1 |
|
Goodwill, Net |
4,067.2 |
4,007.2 |
4,087.2 |
1,141.5 |
1,173.8 |
|
Intangibles, Net |
1,497.0 |
1,547.0 |
1,493.7 |
307.3 |
348.4 |
|
LT Investment - Affiliate
Companies |
162.7 |
626.0 |
154.5 |
1,603.9 |
149.1 |
|
LT Investments - Other |
541.1 |
448.9 |
361.8 |
836.0 |
788.6 |
|
Long Term Investments |
703.8 |
1,074.8 |
516.2 |
2,439.8 |
937.7 |
|
Note Receivable - Long Term |
83.3 |
74.4 |
91.1 |
93.7 |
82.2 |
|
Deferred Income Tax - Long Term
Asset |
62.1 |
144.6 |
87.7 |
87.5 |
44.5 |
|
Other Long Term Assets |
2,685.9 |
2,856.5 |
2,871.9 |
2,641.9 |
1,890.8 |
|
Other Long Term Assets, Total |
2,748.0 |
3,001.1 |
2,959.6 |
2,729.4 |
1,935.3 |
|
Total Assets |
28,356.4 |
26,585.9 |
26,035.1 |
18,363.0 |
15,296.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
2,663.6 |
2,396.8 |
2,073.2 |
2,055.6 |
1,997.6 |
|
Accrued Expenses |
609.3 |
486.1 |
434.2 |
337.1 |
246.5 |
|
Notes Payable/Short Term Debt |
3,335.3 |
3,093.3 |
3,300.4 |
2,502.4 |
2,219.3 |
|
Current Portion - Long Term Debt/Capital Leases |
2,110.0 |
1,889.2 |
1,407.0 |
1,249.6 |
1,974.4 |
|
Dividends Payable |
- |
- |
- |
- |
0.0 |
|
Customer Advances |
2,869.6 |
2,340.0 |
2,022.7 |
1,483.2 |
1,126.8 |
|
Security Deposits |
65.0 |
63.3 |
58.2 |
43.2 |
48.9 |
|
Income Taxes Payable |
167.2 |
188.9 |
206.5 |
261.3 |
116.5 |
|
Other Payables |
621.1 |
473.5 |
480.6 |
656.9 |
683.9 |
|
Deferred Income Tax - Current
Liability |
2.6 |
29.2 |
1.2 |
2.5 |
16.2 |
|
Other Current Liabilities |
799.3 |
950.4 |
2,599.4 |
648.4 |
320.2 |
|
Other Current liabilities, Total |
4,524.8 |
4,045.3 |
5,368.6 |
3,095.5 |
2,312.6 |
|
Total Current Liabilities |
13,243.1 |
11,910.7 |
12,583.3 |
9,240.1 |
8,750.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
6,587.1 |
7,062.2 |
5,945.6 |
4,333.8 |
2,375.1 |
|
Total Long Term Debt |
6,587.1 |
7,062.2 |
5,945.6 |
4,333.8 |
2,375.1 |
|
Total Debt |
12,032.4 |
12,044.6 |
10,653.0 |
8,085.7 |
6,568.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
698.8 |
474.8 |
641.7 |
370.2 |
97.2 |
|
Deferred Income Tax |
698.8 |
474.8 |
641.7 |
370.2 |
97.2 |
|
Minority Interest |
4,022.5 |
3,699.3 |
3,584.6 |
2,571.5 |
2,238.0 |
|
Reserves |
- |
- |
- |
- |
97.6 |
|
Pension Benefits - Underfunded |
775.1 |
732.7 |
775.4 |
344.7 |
386.5 |
|
Other Long Term Liabilities |
1,228.5 |
1,167.5 |
1,276.9 |
687.4 |
703.4 |
|
Other Liabilities, Total |
2,003.6 |
1,900.2 |
2,052.3 |
1,032.0 |
1,187.5 |
|
Total Liabilities |
26,555.1 |
25,047.1 |
24,807.6 |
17,547.6 |
14,648.2 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
25.4 |
24.8 |
22.9 |
30.8 |
31.0 |
|
Preferred Stock - Non Redeemable, Net |
25.4 |
24.8 |
22.9 |
30.8 |
31.0 |
|
Common Stock |
110.3 |
106.8 |
98.2 |
129.5 |
128.3 |
|
Common Stock |
110.3 |
106.8 |
98.2 |
129.5 |
128.3 |
|
Additional Paid-In Capital |
1,213.0 |
1,138.8 |
1,003.4 |
649.6 |
697.0 |
|
Retained Earnings (Accumulated Deficit) |
538.4 |
332.7 |
152.6 |
55.4 |
-20.6 |
|
Treasury Stock - Common |
-93.3 |
-87.1 |
-76.8 |
-72.8 |
-100.2 |
|
Unrealized Gain (Loss) |
-25.3 |
-7.0 |
-16.5 |
31.8 |
-69.7 |
|
Translation Adjustment |
113.9 |
112.2 |
85.4 |
-8.9 |
-9.6 |
|
Other Equity |
-81.1 |
-82.5 |
-41.8 |
- |
-7.9 |
|
Other Equity, Total |
32.8 |
29.7 |
43.6 |
-8.9 |
-17.5 |
|
Total Equity |
1,801.3 |
1,538.7 |
1,227.5 |
815.4 |
648.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
28,356.4 |
26,585.9 |
26,035.1 |
18,363.0 |
15,296.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock
Primary Issue |
18.0 |
18.2 |
18.1 |
17.8 |
17.5 |
|
Total Common Shares Outstanding |
18.0 |
18.2 |
18.1 |
17.8 |
17.5 |
|
Treasury Shares - Common Stock Primary Issue |
7.0 |
6.7 |
6.6 |
6.4 |
6.4 |
|
Shares Outstanding - Preferred
Stock Primary Issue |
5.0 |
5.8 |
5.0 |
5.0 |
5.0 |
|
Shares Outstanding - Preferred
Stock Issue 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Preferred Stock Outstanding |
5.0 |
5.8 |
5.0 |
5.0 |
5.0 |
|
Treasury Shares - Preferred Primary Issue |
0.7 |
0.7 |
0.7 |
0.7 |
0.7 |
|
Treasury Shares - Preferred Issue 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
2,782 |
1,995 |
2,751 |
4,025 |
4,472 |
|
Number of Common Shareholders |
25,788 |
22,098 |
12,458 |
13,068 |
7,339 |
|
Deferred Revenue - Current |
2,869.6 |
2,340.0 |
2,022.7 |
1,483.2 |
1,126.8 |
|
Total Long Term Debt, Supplemental |
8,707.0 |
8,960.4 |
7,304.3 |
5,577.0 |
2,376.9 |
|
Long Term Debt Maturing within 1 Year |
2,110.5 |
1,890.1 |
1,356.3 |
1,249.6 |
526.2 |
|
Long Term Debt Maturing in Year 2 |
2,860.0 |
2,855.5 |
1,645.9 |
1,560.6 |
526.2 |
|
Long Term Debt Maturing in Year 3 |
2,582.1 |
2,306.8 |
713.6 |
1,697.6 |
888.6 |
|
Long Term Debt Maturing in Year 4 |
1,036.3 |
952.7 |
1,701.0 |
384.2 |
354.2 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
569.6 |
- |
|
Long Term Debt Maturing in 2-3 Years |
5,442.0 |
5,162.3 |
2,359.5 |
3,258.2 |
1,414.8 |
|
Long Term Debt Maturing in 4-5 Years |
1,036.3 |
952.7 |
1,701.0 |
953.8 |
354.2 |
|
Long Term Debt Matur. in Year 6 & Beyond |
118.1 |
955.4 |
1,887.6 |
115.5 |
81.7 |
|
Total Capital Leases, Supplemental |
2.2 |
2.6 |
2.8 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
1.1 |
1.3 |
0.9 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.5 |
0.9 |
1.1 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.2 |
0.2 |
0.7 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
- |
- |
0.1 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
- |
- |
0.1 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.7 |
1.2 |
1.7 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
- |
- |
0.2 |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.4 |
0.1 |
0.0 |
- |
- |
|
Total Operating Leases, Supplemental |
11.9 |
9.1 |
93.5 |
- |
- |
|
Operating Lease Payments Due in Year 1 |
1.6 |
2.9 |
0.1 |
- |
- |
|
Operating Lease Payments Due in Year 2 |
1.0 |
0.6 |
23.4 |
- |
- |
|
Operating Lease Payments Due in Year 3 |
1.0 |
0.6 |
23.4 |
- |
- |
|
Operating Lease Payments Due in Year 4 |
1.0 |
0.6 |
23.4 |
- |
- |
|
Operating Lease Payments Due in Year 5 |
1.0 |
0.6 |
23.4 |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
2.0 |
1.3 |
46.7 |
- |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
2.0 |
1.3 |
46.7 |
- |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
6.3 |
3.7 |
0.0 |
- |
- |
Interim Balance Sheet
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
Annual Cash Flows
Standardized
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 |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
328.2 |
-209.0 |
-182.4 |
456.5 |
12.3 |
|
Depreciation |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
|
Depreciation/Depletion |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
|
Amortization of Intangibles |
369.2 |
374.2 |
393.7 |
125.7 |
118.0 |
|
Amortization |
369.2 |
374.2 |
393.7 |
125.7 |
118.0 |
|
Deferred Taxes |
-22.2 |
-46.6 |
454.6 |
110.3 |
38.8 |
|
Unusual Items |
315.3 |
-327.3 |
111.0 |
-20.7 |
116.0 |
|
Equity in Net Earnings (Loss) |
-4.2 |
0.4 |
37.4 |
76.0 |
33.0 |
|
Other Non-Cash Items |
597.1 |
163.4 |
570.0 |
202.1 |
223.6 |
|
Non-Cash Items |
908.2 |
-163.5 |
718.4 |
257.3 |
372.6 |
|
Accounts Receivable |
-1,046.3 |
-238.5 |
-542.3 |
-836.7 |
-713.5 |
|
Inventories |
-229.3 |
395.1 |
-918.0 |
-192.6 |
70.3 |
|
Prepaid Expenses |
-10.7 |
1.5 |
-73.0 |
-28.9 |
-11.1 |
|
Other Assets |
484.0 |
-261.7 |
-1,986.9 |
- |
-15.6 |
|
Accounts Payable |
192.3 |
245.1 |
615.6 |
138.5 |
367.8 |
|
Accrued Expenses |
97.0 |
35.9 |
222.4 |
46.8 |
39.5 |
|
Taxes Payable |
-54.7 |
-15.8 |
1.9 |
160.6 |
28.4 |
|
Other Liabilities |
-167.5 |
-753.8 |
1,690.2 |
233.2 |
-95.1 |
|
Other Assets & Liabilities,
Net |
-69.1 |
-86.6 |
-102.8 |
59.7 |
-59.2 |
|
Other Operating Cash Flow |
1.3 |
3.7 |
119.0 |
- |
- |
|
Changes in Working Capital |
-803.1 |
-675.1 |
-974.1 |
-419.4 |
-388.5 |
|
Cash from Operating Activities |
1,168.3 |
-383.1 |
732.2 |
866.6 |
493.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-631.4 |
-573.3 |
-841.5 |
-513.4 |
-368.4 |
|
Purchase/Acquisition of
Intangibles |
-151.4 |
-212.3 |
-82.4 |
-92.0 |
-75.0 |
|
Capital Expenditures |
-782.9 |
-785.6 |
-923.9 |
-605.4 |
-443.3 |
|
Sale of Business |
45.1 |
447.0 |
10.5 |
- |
110.2 |
|
Sale of Fixed Assets |
69.0 |
126.7 |
181.2 |
36.7 |
146.6 |
|
Sale/Maturity of Investment |
3,503.5 |
3,020.6 |
2,315.1 |
1,181.3 |
305.6 |
|
Purchase of Investments |
-3,727.7 |
-3,224.9 |
-2,850.9 |
-2,066.5 |
-487.4 |
|
Sale of Intangible Assets |
90.2 |
21.1 |
0.0 |
1.4 |
0.0 |
|
Other Investing Cash Flow |
-261.8 |
-226.0 |
-79.2 |
-723.3 |
28.6 |
|
Other Investing Cash Flow Items, Total |
-281.7 |
164.6 |
-423.3 |
-1,570.4 |
103.6 |
|
Cash from Investing Activities |
-1,064.6 |
-620.9 |
-1,347.2 |
-2,175.8 |
-339.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-654.8 |
-416.3 |
-3,080.9 |
-4,480.1 |
-534.7 |
|
Financing Cash Flow Items |
-654.8 |
-416.3 |
-3,080.9 |
-4,480.1 |
-534.7 |
|
Total Cash Dividends Paid |
-127.3 |
-100.8 |
-127.6 |
-113.2 |
-36.6 |
|
Sale/Issuance
of Common |
226.5 |
325.0 |
412.6 |
193.7 |
91.9 |
|
Repurchase/Retirement
of Common |
-5.7 |
-2.5 |
-67.5 |
-0.6 |
-129.3 |
|
Common Stock, Net |
220.8 |
322.5 |
345.1 |
193.1 |
-37.4 |
|
Options Exercised |
5.5 |
0.9 |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
226.2 |
323.4 |
345.1 |
193.1 |
-37.4 |
|
Short Term
Debt Issued |
7,054.7 |
3,904.2 |
3,719.6 |
3,817.6 |
933.2 |
|
Short Term
Debt Reduction |
-6,896.3 |
-4,059.0 |
- |
- |
-628.1 |
|
Short Term Debt, Net |
158.4 |
-154.8 |
3,719.6 |
3,817.6 |
305.0 |
|
Long Term
Debt Issued |
5,722.9 |
3,367.0 |
3,015.1 |
3,191.2 |
1,555.8 |
|
Long Term
Debt Reduction |
-4,975.9 |
-1,638.2 |
-2,313.1 |
-1,049.2 |
-1,621.4 |
|
Long Term Debt, Net |
747.0 |
1,728.8 |
702.0 |
2,142.0 |
-65.6 |
|
Issuance (Retirement) of Debt, Net |
905.4 |
1,574.0 |
4,421.6 |
5,959.6 |
239.4 |
|
Cash from Financing Activities |
349.6 |
1,380.3 |
1,558.2 |
1,559.4 |
-369.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-12.4 |
45.1 |
53.9 |
4.1 |
-2.1 |
|
Net Change in Cash |
440.9 |
421.3 |
997.1 |
254.3 |
-218.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,953.6 |
1,348.5 |
566.8 |
417.0 |
623.9 |
|
Net Cash - Ending Balance |
2,394.5 |
1,769.8 |
1,563.9 |
671.3 |
405.7 |
Interim Cash Flows
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
Annual Income Statement
As Reported
|
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 |
Restated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Product Revenue |
12,637.7 |
8,945.0 |
9,694.4 |
8,649.5 |
- |
|
Merchandise Revenue |
1,107.5 |
1,002.4 |
1,726.4 |
1,880.2 |
- |
|
Construction Revenue |
5,664.2 |
5,352.9 |
7,085.5 |
5,195.2 |
- |
|
Other Revenue |
520.4 |
490.8 |
528.0 |
446.1 |
- |
|
Net Sales |
- |
- |
- |
- |
13,651.8 |
|
Total Revenue |
19,929.8 |
15,791.1 |
19,034.4 |
16,171.0 |
13,651.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
- |
- |
- |
- |
10,797.1 |
|
Cost-Finished Goods Sold |
9,358.7 |
7,370.6 |
8,138.9 |
6,329.2 |
- |
|
Cost-Merchandise Sold |
1,065.6 |
980.0 |
1,073.6 |
1,558.3 |
- |
|
Cost-Construction Business |
4,919.3 |
4,535.6 |
5,891.7 |
4,572.1 |
- |
|
Cost-Other Sales |
620.1 |
466.2 |
438.1 |
252.4 |
- |
|
Selling/General/Adm. |
- |
- |
- |
- |
2,037.6 |
|
Salaries & Wages |
665.7 |
512.8 |
616.6 |
592.3 |
- |
|
Retirement Allowance |
49.7 |
25.1 |
46.9 |
55.1 |
- |
|
Employee Benefits |
142.3 |
99.7 |
175.6 |
109.5 |
- |
|
Expense-Stock Compensation |
7.0 |
3.4 |
9.2 |
7.5 |
- |
|
Travel Expense |
65.6 |
56.2 |
75.8 |
48.7 |
- |
|
Communication Expense |
8.3 |
7.5 |
12.5 |
11.6 |
- |
|
Utility Expense |
14.1 |
10.8 |
12.4 |
15.8 |
- |
|
Taxes & Dues |
26.6 |
19.2 |
22.7 |
21.9 |
- |
|
Expense-Consumable Goods |
31.0 |
29.6 |
32.8 |
6.6 |
- |
|
Office Expense |
8.7 |
5.8 |
6.7 |
10.7 |
- |
|
Rent |
72.7 |
67.9 |
61.6 |
90.3 |
- |
|
Office Maintenance Expense |
9.4 |
5.5 |
10.3 |
12.5 |
- |
|
Repair Expense |
1.7 |
10.2 |
19.5 |
15.6 |
- |
|
Vehicles Maintenance Expense |
6.1 |
5.0 |
6.9 |
6.7 |
- |
|
Insurance Expense |
15.8 |
14.2 |
19.3 |
13.4 |
- |
|
Commission Paid |
132.7 |
182.0 |
219.6 |
216.5 |
- |
|
Shipping & Storage Expense |
109.0 |
66.9 |
170.2 |
168.0 |
- |
|
Packaging Expense |
7.4 |
4.1 |
4.9 |
4.9 |
- |
|
Entertainment Expense |
14.5 |
11.3 |
17.5 |
25.4 |
- |
|
Marketing Expense |
6.6 |
9.4 |
21.8 |
15.4 |
- |
|
Advertising Expense |
82.7 |
75.9 |
96.7 |
108.3 |
- |
|
Education & Training Expense |
21.7 |
14.5 |
24.1 |
19.7 |
- |
|
Overseas Market Development
Expense |
20.5 |
18.9 |
17.3 |
11.7 |
- |
|
Sales Commission |
87.7 |
47.2 |
128.5 |
141.4 |
- |
|
Provision-Bad Debt |
191.8 |
64.1 |
64.8 |
48.3 |
- |
|
Defective Repair Expense |
6.7 |
5.6 |
8.0 |
13.4 |
- |
|
Miscellaneous Operating Expense |
175.3 |
175.6 |
134.4 |
117.9 |
- |
|
Research & Development Expense |
179.9 |
124.3 |
155.1 |
156.8 |
- |
|
Depreciation Expense |
40.6 |
41.4 |
52.0 |
50.5 |
- |
|
Amortization-Intangibles |
358.5 |
334.9 |
363.1 |
101.8 |
- |
|
Total Operating Expense |
18,523.9 |
15,401.4 |
18,149.0 |
14,930.3 |
12,834.7 |
|
|
|
|
|
|
|
|
Interest Income |
89.8 |
103.5 |
211.9 |
65.5 |
57.0 |
|
Dividend Income |
2.9 |
1.3 |
1.7 |
2.1 |
2.9 |
|
Rental Income |
- |
- |
- |
- |
3.4 |
|
G-Tang Asst Disposal |
19.7 |
4.7 |
17.7 |
14.9 |
12.5 |
|
Recovery-Invest. Sec. Reduction
Loss |
0.0 |
6.9 |
1.5 |
0.0 |
- |
|
G-Derivatives Trade |
227.3 |
314.9 |
106.6 |
72.6 |
48.1 |
|
G-Derivatives Valuat |
189.6 |
416.8 |
96.4 |
43.9 |
10.9 |
|
G-Inv.Asset Disposal |
5.1 |
15.0 |
59.6 |
184.0 |
77.1 |
|
Gain-Foreign Exchange Transaction |
270.6 |
316.6 |
474.7 |
86.2 |
80.7 |
|
Gain-Foreign Currency Translation |
50.9 |
92.8 |
135.9 |
35.1 |
38.5 |
|
Gain-Valuation of
Contracts-Settlement |
80.8 |
318.9 |
463.6 |
- |
- |
|
Reversal-L-Investment Assets
Reduction |
- |
- |
- |
- |
0.1 |
|
Reversal-L-Tangible Assets
Reduction |
0.0 |
2.3 |
0.5 |
19.7 |
9.9 |
|
Revers-Doubtful Acct |
2.7 |
20.5 |
0.4 |
22.7 |
9.1 |
|
Reversal-Neg.Goodwil |
11.4 |
10.2 |
11.9 |
8.9 |
30.3 |
|
Fees Received |
1.9 |
0.9 |
3.9 |
1.8 |
1.4 |
|
Reversal-Error Repairment Reserves |
- |
- |
- |
- |
12.8 |
|
Reversal-Delay Compensation
Reserves |
- |
- |
- |
- |
0.2 |
|
Other Non-Op. Income |
280.8 |
120.8 |
86.9 |
112.3 |
98.7 |
|
Interest Expenses |
-593.5 |
-627.9 |
-634.7 |
-315.8 |
-330.4 |
|
L-Trade Rcv Disposal |
-14.8 |
-19.6 |
-21.6 |
-23.3 |
-50.0 |
|
Loss-Scrapping of inventory |
-2.7 |
-6.0 |
-3.1 |
-2.2 |
- |
|
Loss-Disposal of ST Investment
Assets |
- |
- |
- |
- |
-0.5 |
|
L-Inv.Asset Disposal |
-0.8 |
-0.5 |
-4.2 |
-4.6 |
-1.5 |
|
L-Inv.Asset Reduction |
- |
- |
- |
- |
-10.8 |
|
L-Tang.Asst Disposal |
-3.8 |
-8.3 |
-16.9 |
-24.0 |
-41.5 |
|
Loss-Valuation of Confirmed
Contracts |
-469.0 |
-762.5 |
-14.3 |
- |
- |
|
L-Tang.Asst Reduction |
-1.4 |
-1.0 |
-18.9 |
-9.6 |
-34.6 |
|
L-Bond Redemption |
-0.2 |
-0.3 |
- |
-3.9 |
-11.0 |
|
L-Derivatives Trade |
-131.3 |
-501.1 |
-397.4 |
-77.2 |
-35.1 |
|
L-Derivatives Valu |
-63.3 |
-57.8 |
-716.2 |
-140.3 |
-43.7 |
|
Loss-Foreign Exchange Transaction |
-266.5 |
-357.7 |
-415.0 |
-78.2 |
-75.6 |
|
Loss-Foreign Currency Translation |
-78.8 |
-65.8 |
-384.3 |
-66.6 |
-19.0 |
|
Loss-Reduction of Investment
Securities |
- |
- |
-0.2 |
-3.7 |
- |
|
Other Amortization |
- |
- |
-27.2 |
-20.8 |
-34.7 |
|
Donations Paid |
-36.5 |
-24.2 |
-127.1 |
-34.5 |
-20.1 |
|
Loss-Assets Revaluation |
- |
- |
-4.5 |
- |
- |
|
L-Intang Asset Reduction |
-38.6 |
-4.2 |
-90.3 |
-25.6 |
-22.0 |
|
L-Inventory Valuatn |
- |
- |
- |
- |
-4.1 |
|
Guarantee Fee Paid |
- |
- |
- |
- |
-31.9 |
|
Other Non-Op Expense |
-299.2 |
-152.4 |
-85.6 |
-131.3 |
-59.1 |
|
Gain-Disposal of Equity Method
Sec. |
- |
152.1 |
5.3 |
- |
- |
|
Loss-Disposal of Equity Method
Sec. |
-0.3 |
0.0 |
- |
-0.9 |
- |
|
Loss-Reduction of Equity Method
Sec. |
- |
-0.1 |
-0.1 |
- |
- |
|
Gain under Equity Method |
8.7 |
13.7 |
4.4 |
38.9 |
5.5 |
|
Loss under Equity Method |
-4.5 |
-10.8 |
-38.6 |
-114.9 |
-38.5 |
|
Loss Reduction of Other
Non-Current Asse |
-28.2 |
- |
- |
- |
- |
|
Loss-Redemption of LT Borrowings |
-1.3 |
- |
- |
- |
- |
|
Other Allowance for Doubtful Accounts |
-26.2 |
-12.2 |
- |
- |
- |
|
Net Income Before Taxes |
587.4 |
-310.8 |
-431.7 |
872.0 |
451.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
286.4 |
100.7 |
-98.5 |
427.1 |
295.0 |
|
Net Income After Taxes |
301.0 |
-411.5 |
-333.2 |
444.9 |
156.8 |
|
|
|
|
|
|
|
|
Earning Before Acquisition of
Subsidiary |
- |
- |
-6.4 |
- |
- |
|
Gain Minority Int. |
-99.0 |
390.1 |
280.2 |
-368.9 |
-144.5 |
|
Net Income Before Extra. Items |
202.0 |
-21.4 |
-59.4 |
76.1 |
12.3 |
|
Loss on Discontinued Operations |
27.2 |
202.5 |
157.2 |
11.6 |
- |
|
Net Income |
229.2 |
181.0 |
97.8 |
87.6 |
12.3 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-49.5 |
-39.5 |
-4.8 |
-3.5 |
-5.6 |
|
Income Available to Com Excl E |
152.5 |
-60.9 |
-64.2 |
72.5 |
6.7 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
179.7 |
141.5 |
93.1 |
84.1 |
6.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
18.3 |
18.2 |
18.1 |
17.7 |
17.4 |
|
Basic EPS Excluding ExtraOrdin |
8.33 |
-3.36 |
-3.55 |
4.10 |
0.39 |
|
Basic EPS Including ExtraOrdin |
9.82 |
7.80 |
5.14 |
4.75 |
0.39 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
179.7 |
141.5 |
93.1 |
84.1 |
6.7 |
|
Diluted Weighted Average Share |
18.4 |
18.2 |
18.1 |
18.1 |
18.5 |
|
Diluted EPS Excluding ExtraOrd |
8.31 |
-3.36 |
-3.55 |
4.00 |
0.36 |
|
Diluted EPS Including ExtraOrd |
9.79 |
7.80 |
5.14 |
4.63 |
0.36 |
|
DPS-Common Stock |
1.73 |
1.57 |
0.91 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
31.7 |
28.5 |
16.5 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
809.3 |
-53.7 |
-110.9 |
975.9 |
584.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
287.2 |
110.9 |
-90.1 |
444.0 |
322.7 |
|
Normalized Income After Taxes |
522.1 |
-164.6 |
-20.7 |
531.9 |
262.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
373.6 |
186.0 |
248.3 |
159.5 |
112.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
20.40 |
10.25 |
13.73 |
9.01 |
6.43 |
|
Diluted Normalized EPS |
20.35 |
10.25 |
13.73 |
8.79 |
6.06 |
|
Interest Expense |
593.5 |
627.9 |
634.7 |
315.8 |
330.4 |
|
Rental Expense |
72.7 |
67.9 |
61.6 |
90.3 |
- |
|
Advertising Expense |
89.2 |
85.3 |
118.4 |
123.7 |
- |
|
R&D Expense, Supplemental |
179.9 |
124.3 |
155.1 |
156.8 |
- |
|
Amort of Intangibles, Supplemental |
369.2 |
374.2 |
84.8 |
47.5 |
33.7 |
|
Amort of Acquisation Cost |
231.7 |
238.8 |
308.9 |
78.2 |
84.4 |
|
Amort of Neg-Acquisation Cost |
-11.4 |
-10.8 |
-11.9 |
-8.9 |
-30.3 |
|
Depreciation |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
Interim Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
Annual Balance Sheet
As Reported
|
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 |
Reclassified
Normal |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Equivalents |
2,439.6 |
1,939.9 |
1,366.5 |
666.4 |
416.6 |
|
ST Finl Assets |
359.2 |
166.8 |
238.8 |
141.6 |
233.1 |
|
ST Investment Securities |
134.2 |
89.5 |
113.7 |
3.9 |
- |
|
ST Investment Assets |
- |
- |
- |
- |
7.3 |
|
ST Loans |
531.8 |
257.9 |
82.7 |
120.2 |
153.4 |
|
Trade Rcvbls,G |
5,738.9 |
4,889.7 |
4,522.7 |
4,067.6 |
2,108.7 |
|
PV Discount-Rcvb |
- |
- |
- |
- |
-5.1 |
|
Reserve-Doubtful Account |
-419.0 |
-231.3 |
-205.6 |
-200.2 |
-154.5 |
|
Constructn Rcvbl |
- |
- |
- |
- |
1,506.0 |
|
Other Rcvbls |
394.8 |
267.8 |
158.5 |
262.9 |
214.5 |
|
Receivable-Recovery of Taxes |
25.1 |
10.3 |
44.0 |
1.4 |
- |
|
Advance Payments |
425.3 |
596.5 |
440.8 |
401.1 |
320.7 |
|
Prepaid Expenses |
119.8 |
90.6 |
81.3 |
200.9 |
177.2 |
|
Accrued Income |
111.4 |
40.5 |
58.4 |
38.6 |
26.6 |
|
Contracts on Settlement |
304.6 |
438.7 |
1,404.1 |
- |
- |
|
Derivatives |
143.3 |
371.8 |
364.3 |
180.8 |
242.3 |
|
Other Quick Asst |
332.3 |
134.5 |
137.0 |
75.7 |
44.6 |
|
Deferred Income Tax |
191.6 |
117.6 |
181.6 |
170.0 |
98.4 |
|
Merchandises |
62.6 |
212.4 |
316.1 |
351.3 |
364.3 |
|
Finished Goods |
625.0 |
291.4 |
386.1 |
319.9 |
331.6 |
|
Finished Homes |
- |
- |
- |
- |
5.5 |
|
Homes in Progres |
- |
- |
- |
- |
99.6 |
|
Unfinish. Constr |
- |
- |
- |
- |
0.7 |
|
Work in Progress |
338.7 |
374.1 |
426.7 |
298.6 |
308.0 |
|
Raw Materials |
676.9 |
579.9 |
742.4 |
382.3 |
318.0 |
|
Supplies |
- |
- |
- |
- |
20.8 |
|
Goods in Transit |
240.1 |
187.0 |
222.3 |
258.0 |
162.5 |
|
Reserve-Inventory Valuation |
-104.0 |
-113.9 |
-96.1 |
-61.9 |
-62.0 |
|
Miscellaneous Inventory |
161.1 |
58.2 |
85.7 |
100.2 |
10.0 |
|
Total Current Assets |
12,833.3 |
10,769.7 |
11,071.9 |
7,779.4 |
6,949.2 |
|
|
|
|
|
|
|
|
LT Finl Assets |
53.2 |
17.9 |
18.8 |
11.2 |
15.7 |
|
LT Investment Stock |
487.9 |
431.0 |
343.0 |
824.8 |
711.5 |
|
Derivatives, assets |
138.0 |
84.5 |
150.2 |
- |
- |
|
Affiliates Stock |
162.7 |
626.0 |
154.5 |
1,603.9 |
149.1 |
|
LT Loan |
74.3 |
66.9 |
81.6 |
85.2 |
72.5 |
|
Other Inv Assets |
- |
- |
- |
- |
61.4 |
|
LT Guarantee Dep |
175.8 |
183.6 |
137.8 |
206.3 |
197.4 |
|
Other LT Assets |
201.0 |
190.6 |
74.1 |
96.0 |
- |
|
LT Prepaid Expense |
5.7 |
15.9 |
12.9 |
16.5 |
- |
|
Contracts on Settlement,LT |
186.0 |
789.6 |
1,141.9 |
- |
- |
|
LT Trade Rcvbls. |
9.1 |
7.5 |
9.5 |
8.5 |
3.5 |
|
LT Account Rcvb |
- |
- |
- |
- |
6.1 |
|
LA Deferred Tax |
62.1 |
144.6 |
87.7 |
87.5 |
44.5 |
|
Land |
3,474.2 |
3,351.3 |
3,203.8 |
1,497.7 |
1,496.0 |
|
Buildings |
1,940.0 |
1,741.3 |
1,441.5 |
1,578.0 |
1,565.3 |
|
Buildings-Depreciation |
-462.9 |
-357.6 |
-300.2 |
-364.0 |
-358.1 |
|
Use Rgt Adj-Buil |
- |
- |
- |
- |
-19.9 |
|
Buildings-Reduction |
- |
- |
- |
- |
-4.7 |
|
Structures |
265.2 |
227.2 |
214.7 |
255.9 |
256.3 |
|
Structures-Depreciation |
-100.6 |
-87.6 |
-79.0 |
-99.4 |
-90.1 |
|
Structures-Reduction |
- |
- |
- |
- |
-0.1 |
|
Machinery/Equip. |
2,328.3 |
2,039.5 |
1,704.1 |
2,098.8 |
2,049.5 |
|
Machinery &
Equipment-Depreciation |
-1,360.8 |
-1,176.7 |
-1,021.1 |
-1,467.1 |
-1,389.4 |
|
Machinery/Equip.-Reduction |
- |
- |
- |
- |
-0.2 |
|
Transport Equip. |
- |
- |
- |
- |
28.4 |
|
Deprec-Transport |
- |
- |
- |
- |
-19.4 |
|
Construc in Prog |
140.4 |
153.2 |
391.7 |
158.5 |
159.4 |
|
Other Tangibles |
641.0 |
610.3 |
583.2 |
637.1 |
584.1 |
|
Other Tangibles-Depreciation |
-440.9 |
-389.3 |
-323.5 |
-423.4 |
-387.0 |
|
Industrial Property Right |
988.8 |
1,096.3 |
1,180.9 |
30.4 |
36.5 |
|
Development Cost |
341.3 |
270.7 |
167.9 |
207.3 |
201.0 |
|
Other Intangible |
166.9 |
180.0 |
145.0 |
69.6 |
110.9 |
|
Neg.Goodwill |
-116.7 |
-125.0 |
-126.6 |
-25.9 |
-270.9 |
|
Goodwill |
4,183.8 |
4,132.3 |
4,213.8 |
1,167.4 |
1,444.7 |
|
Other Financial Assets |
1,979.4 |
1,592.3 |
1,355.0 |
2,323.2 |
1,693.4 |
|
Total Assets |
28,356.4 |
26,585.9 |
26,035.1 |
18,363.0 |
15,296.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
621.1 |
473.5 |
480.6 |
656.9 |
683.9 |
|
Trade Payable |
2,663.6 |
2,396.8 |
2,073.2 |
2,055.6 |
1,997.6 |
|
Dividend Payable |
- |
- |
- |
- |
0.0 |
|
Inc Tax Payable |
167.2 |
188.9 |
206.5 |
261.3 |
116.5 |
|
Accrued Expenses |
603.5 |
481.3 |
426.1 |
311.9 |
230.6 |
|
Advances Receivd |
2,859.4 |
2,335.7 |
2,004.9 |
1,433.6 |
1,110.4 |
|
Unearned Income |
10.1 |
4.3 |
17.9 |
49.6 |
16.4 |
|
Deposit Withheld |
116.8 |
94.0 |
126.7 |
112.6 |
150.3 |
|
CL Guarnt Depo |
52.1 |
54.8 |
49.6 |
22.9 |
23.6 |
|
Lease Guarantee |
12.9 |
8.4 |
8.6 |
20.3 |
25.3 |
|
Tax Dep Withheld |
5.8 |
4.8 |
8.1 |
25.2 |
15.9 |
|
ST Borrowings |
3,335.3 |
3,093.3 |
3,300.4 |
2,502.4 |
2,219.3 |
|
Current LT Liab. |
442.8 |
255.0 |
591.7 |
333.2 |
900.7 |
|
Advances on Confirmed Contracts |
55.4 |
3.9 |
47.4 |
- |
- |
|
Current Bonds |
1,667.1 |
1,634.2 |
815.3 |
916.4 |
1,073.8 |
|
Returned Goods Provision |
5.3 |
5.9 |
4.6 |
5.7 |
5.6 |
|
Derivatives Valuation |
202.9 |
689.7 |
2,249.0 |
295.2 |
105.2 |
|
Deferred Income Tax Credits |
2.6 |
29.2 |
1.2 |
2.5 |
16.2 |
|
Other Cur Liabs. |
418.9 |
156.8 |
171.7 |
234.8 |
59.0 |
|
Total Current Liability |
13,243.1 |
11,910.7 |
12,583.3 |
9,240.1 |
8,750.4 |
|
|
|
|
|
|
|
|
Bonds |
2,972.6 |
3,134.9 |
1,538.0 |
2,517.1 |
1,855.0 |
|
LT Borrowings |
3,614.5 |
3,927.3 |
4,407.6 |
1,810.4 |
520.0 |
|
Asset-Backed Debts |
- |
- |
- |
6.3 |
- |
|
Total Long Term Debt |
6,587.1 |
7,062.2 |
5,945.6 |
4,333.8 |
2,375.1 |
|
|
|
|
|
|
|
|
Liability-Derivative Products
Valuation |
184.9 |
266.1 |
899.9 |
- |
- |
|
Assets Liquidation Liabilities |
- |
- |
- |
- |
146.0 |
|
LT Accounts Pay |
84.5 |
96.2 |
72.9 |
42.6 |
37.1 |
|
Rent Deposits |
- |
- |
- |
- |
183.1 |
|
Other LT Liabs. |
896.5 |
781.5 |
304.1 |
644.7 |
337.2 |
|
Membership Gurnt |
- |
- |
- |
- |
0.0 |
|
Deferred Tax-Cr |
698.8 |
474.8 |
641.7 |
370.2 |
97.2 |
|
Rsv-Error Adjus. |
- |
- |
- |
- |
0.0 |
|
Rsrv-Constrctn L |
- |
- |
- |
- |
93.7 |
|
Rsv-Delay Reimbr |
- |
- |
- |
- |
3.9 |
|
Retirement Resrv |
1,023.5 |
954.9 |
775.4 |
344.7 |
386.5 |
|
Deposit-Retirement Insurance |
-244.9 |
-218.8 |
- |
- |
- |
|
Transfer to National Pension Fund |
-3.6 |
-3.4 |
- |
- |
- |
|
Advances on Confirmed Contracts,LT |
62.7 |
23.8 |
0.0 |
- |
- |
|
Minority Int. |
4,022.5 |
3,699.3 |
3,584.6 |
2,571.5 |
2,238.0 |
|
Total Liabilities |
26,555.1 |
25,047.1 |
24,807.6 |
17,547.6 |
14,648.2 |
|
|
|
|
|
|
|
|
Common Stock |
110.3 |
106.8 |
98.2 |
129.5 |
128.3 |
|
Preferred Stock |
25.4 |
24.8 |
22.9 |
30.8 |
31.0 |
|
Capital Surplus |
658.0 |
591.6 |
513.9 |
661.9 |
691.3 |
|
Loss on Disposal of Treasury
Stocks |
- |
- |
-13.3 |
-17.9 |
- |
|
Retained Earning |
538.4 |
332.7 |
152.6 |
55.4 |
-20.6 |
|
Loss-Valuation of Investment
Securities |
-76.1 |
-87.2 |
-81.1 |
-73.7 |
-149.6 |
|
Treasury Stock |
-93.3 |
-87.1 |
-76.8 |
-72.8 |
-100.2 |
|
Stock Options |
25.9 |
22.5 |
4.7 |
5.6 |
5.8 |
|
Loss on Disposal of Treasury
Stocks |
-8.0 |
-14.4 |
- |
- |
-18.0 |
|
Consolidated Capital Adjustment |
-73.1 |
-68.1 |
-41.8 |
- |
- |
|
Capital Change under Equity Method |
59.6 |
58.0 |
51.4 |
89.2 |
65.4 |
|
Capital Change under Equity
Method(Loss) |
-63.2 |
-59.9 |
-55.7 |
-74.3 |
-27.5 |
|
G-Derivative Val |
115.4 |
124.7 |
136.4 |
116.2 |
86.1 |
|
L-Derivative Val |
-118.9 |
-130.5 |
-133.4 |
-104.0 |
-44.1 |
|
Overseas Business Translation
Credit |
113.9 |
112.2 |
85.4 |
- |
- |
|
Assets Revaluation Surplus |
529.1 |
524.7 |
498.1 |
- |
- |
|
Other-Comprehensive Income |
58.1 |
87.9 |
65.9 |
78.5 |
- |
|
Stock Discnt Iss |
- |
- |
- |
- |
0.0 |
|
Othr Capital Adj |
- |
- |
- |
- |
10.1 |
|
Oversea Op Trans |
- |
- |
- |
-8.9 |
-9.6 |
|
Total Equity |
1,801.3 |
1,538.7 |
1,227.5 |
815.4 |
648.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
28,356.4 |
26,585.9 |
26,035.1 |
18,363.0 |
15,296.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
18.0 |
18.2 |
18.1 |
17.8 |
17.5 |
|
Total Common Shares Outstandin |
18.0 |
18.2 |
18.1 |
17.8 |
17.5 |
|
T/S-Common Stock |
7.0 |
6.7 |
6.6 |
6.4 |
6.4 |
|
S/O-Preferred Stock 1 |
5.0 |
5.8 |
5.0 |
5.0 |
5.0 |
|
S/O-Preferred Stock 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Preferred Shares Outstan |
5.0 |
5.8 |
5.0 |
5.0 |
5.0 |
|
T/S-Preferred Stock 1 |
0.7 |
0.7 |
0.7 |
0.7 |
0.7 |
|
T/S-Preferred Stock 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
2,869.6 |
2,340.0 |
2,022.7 |
1,483.2 |
1,126.8 |
|
Full-Time Employees |
2,782 |
1,995 |
2,751 |
4,025 |
4,472 |
|
Number of Common Shareholders |
25,788 |
22,098 |
12,458 |
13,068 |
7,339 |
|
Long Term Debt Maturing within 1 Year |
2,110.5 |
1,890.1 |
1,356.3 |
1,249.6 |
- |
|
Long Term Debt Maturing within 2 Years |
2,860.0 |
2,855.5 |
1,645.9 |
1,560.6 |
1,052.5 |
|
Long Term Debt Maturing within 3 Years |
2,582.1 |
2,306.8 |
713.6 |
1,697.6 |
888.6 |
|
Long Term Debt Maturing within 4 Years |
1,036.3 |
952.7 |
1,701.0 |
384.2 |
354.2 |
|
Long Term Debt Maturing within 5 Years |
- |
- |
- |
569.6 |
- |
|
Long Term Debt Remaining Maturities |
118.1 |
955.4 |
1,887.6 |
115.5 |
81.7 |
|
Total Long Term Debt, Supplemental |
8,707.0 |
8,960.4 |
7,304.3 |
5,577.0 |
2,376.9 |
|
Capital Lease Maturing within 1 Year |
1.1 |
1.3 |
0.9 |
- |
- |
|
Capital Lease Maturing within 2 Years |
0.5 |
0.9 |
1.1 |
- |
- |
|
Capital Lease Maturing within 3 Years |
0.2 |
0.2 |
0.7 |
- |
- |
|
Capital Lease Maturing within 4 Years |
- |
- |
0.2 |
- |
- |
|
Capital Lease Remaining Maturities |
0.4 |
0.1 |
- |
- |
- |
|
Total Capital Leases |
2.2 |
2.6 |
2.8 |
- |
- |
|
Operating Lease Maturing within 1 Year |
1.6 |
2.9 |
0.1 |
- |
- |
|
Operating Lease Maturing in 5 Years |
4.0 |
2.5 |
93.4 |
- |
- |
|
Operating Lease Remaining Maturities |
6.3 |
3.7 |
- |
- |
- |
|
Total Operating Leases |
11.9 |
9.1 |
93.5 |
- |
- |
Annual Cash Flows
As Reported
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 |
Reclassified
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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
328.2 |
-209.0 |
-182.4 |
456.5 |
12.3 |
|
Depreciation |
388.0 |
337.0 |
322.0 |
336.2 |
339.7 |
|
Amort.-Intangible |
369.2 |
374.2 |
393.7 |
125.7 |
118.0 |
|
Stock Compensation |
7.8 |
7.0 |
9.4 |
7.7 |
5.3 |
|
Amort-Bad Debt Exp |
255.9 |
65.1 |
63.9 |
48.3 |
30.4 |
|
Amort-Otr Bad Debt E |
26.2 |
12.2 |
27.2 |
20.8 |
34.7 |
|
Amortization-Discount on Bond
Issuance |
2.9 |
1.0 |
3.3 |
- |
4.7 |
|
Retirement Allowance |
174.7 |
109.5 |
173.8 |
140.4 |
140.2 |
|
L-For Exch Translatn |
71.2 |
85.7 |
352.8 |
61.1 |
18.6 |
|
Loss-Redemption of Bond |
0.2 |
0.3 |
- |
3.9 |
11.0 |
|
L-Trade Rcvbl Disp |
14.8 |
19.6 |
21.7 |
23.3 |
50.0 |
|
L-Inventory Valuatn |
- |
15.1 |
11.0 |
0.9 |
10.8 |
|
Loss-Valuation of Contract on
Settlement |
469.0 |
762.5 |
14.3 |
- |
- |
|
Loss-Disposal of Sec under Equity
Method |
- |
0.1 |
0.1 |
0.9 |
- |
|
L-Derivatives Valu |
63.3 |
57.8 |
719.8 |
140.4 |
43.7 |
|
L-Inv.Asst Valuation |
- |
- |
- |
- |
0.0 |
|
Loss-Reduction of Investment
Securities |
- |
1.4 |
0.2 |
4.1 |
- |
|
L-Inv.Asst Reduction |
- |
- |
- |
- |
10.8 |
|
L-ST Inv.Asset Disposal |
- |
- |
- |
- |
0.5 |
|
L-Inv.Asset Disposal |
0.8 |
8.4 |
4.4 |
5.5 |
1.5 |
|
L-Tangible Asst Disp |
3.9 |
9.3 |
26.4 |
24.9 |
41.5 |
|
L-Tangible Asst Reduction |
1.4 |
1.0 |
19.7 |
12.8 |
34.6 |
|
L-Intang.Asset Valu |
- |
- |
- |
- |
22.0 |
|
L-Intang.Asset Reduction |
38.6 |
6.3 |
90.3 |
25.6 |
- |
|
L-Equity Method Valu |
4.5 |
14.1 |
41.8 |
114.9 |
38.5 |
|
Loss-Reduct. of Sec. under Equity
Method |
0.3 |
0.0 |
- |
- |
- |
|
Revaluation Loss |
- |
- |
4.5 |
- |
- |
|
Earning Before Acquisition of
Subsidiary |
- |
- |
6.4 |
- |
- |
|
G-Minority Interest |
- |
- |
- |
- |
144.5 |
|
Miscellaneous Loss |
- |
- |
- |
- |
9.5 |
|
Othr Non-Cash Inflow |
127.6 |
73.6 |
80.3 |
64.5 |
37.0 |
|
G-Derivatives Valu |
-189.6 |
-416.8 |
-96.7 |
-43.9 |
-10.9 |
|
Gain-Disp. of Securities/Equity
Method |
- |
-151.6 |
-5.3 |
- |
- |
|
Recovery-Loss Reduct of Invest
Security |
0.0 |
-6.9 |
-1.5 |
0.0 |
- |
|
G-Mkt Secs Disposal |
- |
- |
- |
- |
0.0 |
|
G-Inv.Asset Disp |
-5.1 |
-15.0 |
-228.0 |
-184.0 |
-77.1 |
|
G-Tangible Asst Disp |
-19.8 |
-297.7 |
-5.6 |
-15.3 |
-12.5 |
|
Recovery-Tangible Assets Reduction
Loss |
0.0 |
-2.3 |
-0.5 |
-19.7 |
-9.9 |
|
Recovery-Negative Goodwill |
-11.4 |
-10.8 |
-11.9 |
-8.9 |
-30.3 |
|
Reversal-L-Inv. Assets Reduction |
- |
- |
- |
- |
-0.1 |
|
Reversal-PV Discount |
- |
- |
- |
- |
-3.1 |
|
Rvrs-Bond Discount |
- |
- |
- |
- |
-12.9 |
|
Amortization-Present Value
Discount |
- |
0.0 |
-1.4 |
- |
- |
|
G-Equity Method Valu |
-8.7 |
-13.7 |
-4.4 |
-38.9 |
-5.5 |
|
G-For Exch Translatn |
-47.1 |
-104.4 |
-121.8 |
-26.0 |
-36.2 |
|
Gain-Valuation of Contract on
Settlement |
-80.8 |
-318.9 |
-463.6 |
- |
- |
|
Recovery-Loan Loss Provision |
-2.7 |
-20.5 |
-0.4 |
-22.7 |
-9.1 |
|
Miscellaneous Gains |
- |
- |
- |
-43.0 |
-69.5 |
|
Othr Non-Cash Outflw |
-41.3 |
-54.9 |
-11.5 |
-40.2 |
-52.7 |
|
Dividend Received from Affiliates |
1.3 |
3.7 |
119.0 |
- |
- |
|
Trade Receivables |
-690.4 |
-273.0 |
-622.1 |
-741.1 |
-1,444.2 |
|
Accrued Income |
-33.4 |
14.3 |
53.9 |
- |
722.9 |
|
Account Receivables |
-322.5 |
20.1 |
25.9 |
-95.7 |
7.2 |
|
Construction Rcvbl |
- |
- |
- |
- |
-27.3 |
|
Prepaid Expenses |
-10.7 |
1.5 |
-73.0 |
-28.9 |
-11.1 |
|
Advance Payments |
39.7 |
-77.1 |
-154.7 |
-85.7 |
-20.3 |
|
Other Quick Assets |
- |
- |
- |
- |
-15.6 |
|
Inventories |
-269.1 |
472.2 |
-763.4 |
-106.8 |
90.6 |
|
Derivatives in Assets |
-37.5 |
0.9 |
-99.9 |
- |
- |
|
Deferred Income Tax Debit, Current |
19.5 |
47.7 |
63.2 |
- |
- |
|
Deferred Income Tax Debit |
4.7 |
-33.8 |
-26.0 |
- |
- |
|
Derivatives in Assets, Current |
218.5 |
-488.2 |
-335.2 |
- |
- |
|
Contract on Settlement, Current
Assets |
34.6 |
125.0 |
-571.7 |
- |
- |
|
Contract on Settlement, LT Assets |
268.4 |
100.5 |
-980.1 |
- |
- |
|
LT Trade Rcvbls |
- |
- |
- |
- |
-1.2 |
|
LT Account Rcvbls |
- |
- |
- |
- |
29.2 |
|
Deferred Taxes-Asset |
- |
- |
- |
- |
18.5 |
|
Trade Payables |
195.0 |
127.7 |
624.4 |
208.2 |
272.9 |
|
Account Payables |
-2.7 |
117.4 |
-8.7 |
-69.8 |
95.0 |
|
Unearned Income |
-6.9 |
-1.4 |
-21.8 |
- |
- |
|
Guarantee Deposit |
- |
- |
- |
- |
3.1 |
|
Accrued Expenses |
97.0 |
35.9 |
222.4 |
46.8 |
39.5 |
|
Accrued Inc Tax |
-41.2 |
-17.8 |
14.1 |
164.5 |
27.6 |
|
Derivatives in Liabilities |
-62.6 |
-5.5 |
343.3 |
- |
- |
|
Deferred Income Tax Credit,
Current, A/L |
0.8 |
-22.5 |
-0.7 |
- |
- |
|
Unearned Income |
- |
- |
- |
- |
6.6 |
|
Advances Received |
201.1 |
120.3 |
1,045.1 |
395.3 |
-50.4 |
|
Lease Guarantee |
- |
- |
- |
- |
10.3 |
|
Deposits Withheld |
38.9 |
-47.1 |
25.6 |
50.2 |
15.5 |
|
VAT Withheld |
-13.5 |
2.1 |
-12.1 |
-3.9 |
0.8 |
|
Other Current Liab. |
8.2 |
-2.9 |
-3.2 |
-31.6 |
24.1 |
|
Deferred Taxes-Liab. |
-47.2 |
-38.0 |
418.1 |
110.3 |
20.3 |
|
Other Asset/Liab |
-69.1 |
-86.6 |
-102.8 |
59.7 |
-59.2 |
|
Returned Goods Provision |
- |
- |
- |
- |
-0.6 |
|
Nation Pension Fnd |
- |
- |
- |
- |
1.8 |
|
Retiremt Allow Paymt |
-128.0 |
-156.8 |
-120.8 |
-110.8 |
-95.0 |
|
Inc-Retire Insurance |
-25.5 |
4.2 |
15.6 |
-70.0 |
-13.1 |
|
Reserve-National Pension |
0.3 |
0.7 |
0.6 |
- |
- |
|
Derivatives in Liabilities,
Current |
-169.4 |
-606.7 |
387.1 |
- |
- |
|
Contract on Settlement, Current
Liab. |
-92.4 |
-46.2 |
18.1 |
- |
- |
|
Contract on Settlement, LT
Liabilities |
29.4 |
-0.2 |
0.0 |
- |
- |
|
Reserve-Sales Return |
39.4 |
-12.3 |
0.4 |
- |
- |
|
Retirement Allw Rsrv |
- |
- |
- |
- |
2.8 |
|
Dividend Income |
- |
- |
- |
- |
12.4 |
|
Loss on Reduction of Other
Non-Current A |
28.2 |
- |
- |
- |
- |
|
Commission Accrued |
32.2 |
- |
- |
- |
- |
|
Loss-Scraping of Inventory |
2.7 |
- |
- |
- |
- |
|
Loss -Redemption of LT Borrowings |
1.3 |
- |
- |
- |
- |
|
Recovery of Losses on Valuation of
Inven |
-12.6 |
- |
- |
- |
- |
|
Cash from Operating Activities |
1,168.3 |
-383.1 |
732.2 |
866.6 |
493.0 |
|
|
|
|
|
|
|
|
Dec-ST Finl Asset |
3,445.1 |
2,563.2 |
1,987.3 |
749.1 |
197.2 |
|
Dec-LT Finl Asset |
0.1 |
2.9 |
16.4 |
3.9 |
0.5 |
|
Dec-ST Loans |
120.7 |
327.1 |
0.3 |
256.6 |
43.0 |
|
Dec-LT Loans |
0.6 |
2.3 |
3.8 |
9.5 |
7.7 |
|
Dec-Guarantee Dep |
42.3 |
28.7 |
69.8 |
88.8 |
25.8 |
|
Decrease-Marketable Securities |
5.2 |
87.7 |
46.7 |
8.1 |
0.3 |
|
Dec-Investment Secs |
53.1 |
85.5 |
78.9 |
387.6 |
70.3 |
|
Dec-Affiliates Stock |
- |
281.3 |
185.8 |
32.5 |
7.2 |
|
Dec-Other Inv Asset |
- |
- |
- |
- |
30.0 |
|
Dec-Tangible Assets |
69.0 |
126.7 |
181.2 |
36.7 |
- |
|
Disp-Land |
- |
- |
- |
- |
93.5 |
|
Disposal of Building |
- |
- |
- |
- |
37.7 |
|
Disp-Structure |
- |
- |
- |
- |
0.8 |
|
Disp-Machinery |
- |
- |
- |
- |
12.0 |
|
Disp-Vehicles |
- |
- |
- |
- |
0.4 |
|
Disp-Fixtures |
- |
- |
- |
- |
0.1 |
|
Disp-Constructn Prog |
- |
- |
- |
- |
0.1 |
|
Disp-Othr Tang.Asset |
- |
- |
- |
- |
2.0 |
|
Disposal-Intangibles |
90.2 |
21.1 |
0.0 |
1.4 |
0.0 |
|
Disposal-Business Segment |
45.1 |
447.0 |
10.5 |
- |
110.2 |
|
Increase-Other Investing
Activities |
16.3 |
30.1 |
22.3 |
36.7 |
13.4 |
|
Inc-ST Finl Asset |
-3,638.1 |
-2,584.4 |
-2,361.1 |
-418.7 |
-110.4 |
|
Inc-LT Finl Asset |
-13.9 |
-0.8 |
-6.9 |
-0.1 |
-38.9 |
|
Increase-Marketable Securities |
-21.8 |
-92.6 |
-26.1 |
-164.7 |
-2.9 |
|
Inc-ST Loans |
-359.4 |
-405.6 |
-29.7 |
-638.4 |
-9.8 |
|
Inc-LT Loans |
-9.1 |
-72.0 |
-25.4 |
-170.3 |
-7.2 |
|
Inc-Guarantee Dep |
-34.1 |
-35.6 |
-40.4 |
-107.0 |
-33.6 |
|
Inc-Investment Secs |
-61.4 |
-191.7 |
-64.4 |
-99.4 |
-133.1 |
|
Inc-Affiliates Stock |
-14.4 |
-448.0 |
-418.5 |
-1,548.2 |
-205.0 |
|
Cash Outflow-Other Investing
Activities |
-17.4 |
-8.4 |
-54.0 |
-34.5 |
-7.9 |
|
Acq-Land |
- |
- |
- |
- |
-1.0 |
|
Acq-Building |
- |
- |
- |
- |
-2.6 |
|
Acq-Structure |
- |
- |
- |
- |
-6.9 |
|
Acq-Machinery |
- |
- |
- |
- |
-41.8 |
|
Acq-Fixtures |
- |
- |
- |
- |
-7.4 |
|
Acq-Vehicles |
- |
- |
- |
- |
-2.0 |
|
Acq-Constructn Prog |
- |
- |
- |
- |
-226.2 |
|
Acq-Other Tang.Asset |
- |
- |
- |
- |
-80.5 |
|
Acq-Tang.Asset |
-631.4 |
-573.3 |
-841.5 |
-513.4 |
- |
|
Acq-Intangibles |
-151.4 |
-212.3 |
-82.4 |
-92.0 |
-75.0 |
|
Other Invest Outflow |
- |
- |
- |
- |
0.0 |
|
Cash from Investing Activities |
-1,064.6 |
-620.9 |
-1,347.2 |
-2,175.8 |
-339.7 |
|
|
|
|
|
|
|
|
Inc-Share Capital |
198.3 |
103.0 |
412.6 |
94.3 |
2.8 |
|
Inc-ST Borrowings |
7,054.7 |
3,904.2 |
3,719.6 |
3,817.6 |
933.2 |
|
Cash Inflow-Other Financing
Activities |
1.1 |
1.0 |
0.4 |
- |
- |
|
Inc-LT Borrowing |
3,828.6 |
506.1 |
2,380.6 |
1,521.8 |
603.8 |
|
Inc-Bonds |
1,894.3 |
2,860.9 |
634.5 |
1,669.3 |
952.1 |
|
Inc-Membership Gurnt |
- |
- |
- |
- |
4.3 |
|
Increase-LT Rent Guarantee Deposit |
- |
- |
- |
- |
11.5 |
|
Inc-LT Acct Payable |
- |
- |
- |
- |
0.0 |
|
Disp-Treasury Stock |
28.2 |
222.0 |
- |
99.4 |
89.1 |
|
Exercise-Stock Options |
5.5 |
0.9 |
- |
- |
- |
|
Incr-Oversea Trns Cr |
- |
- |
- |
- |
0.0 |
|
Others, FP |
- |
- |
- |
- |
270.8 |
|
Dec-Curr LT Liabs |
-1,108.3 |
-489.9 |
-3,062.0 |
-4,403.9 |
-825.2 |
|
Decrease-ST Borrowings |
-6,896.3 |
-4,059.0 |
- |
- |
-628.1 |
|
Dec-LT Borrowings |
-2,835.4 |
-973.8 |
-785.2 |
-393.4 |
-1,104.3 |
|
Dec-Bonds |
-2,140.5 |
-664.4 |
-1,528.0 |
-655.8 |
-517.1 |
|
Dec-Assets Liquidation Liabilities |
-359.4 |
-50.3 |
-93.0 |
-84.7 |
-3.5 |
|
Decrease-LT Lease Guarantee
Deposit |
- |
- |
- |
- |
-16.0 |
|
Dec-LT Acct Payable |
- |
- |
- |
- |
0.0 |
|
Acq-Treasury Stock |
-5.7 |
-2.5 |
-67.5 |
-0.6 |
-129.3 |
|
Payment-Dividends |
-127.3 |
-100.8 |
-127.6 |
-113.2 |
-36.6 |
|
Cash Outflow-Other Financing
Activities |
-2.8 |
-1.0 |
-20.3 |
-7.2 |
-6.3 |
|
Net Change in Other Cash |
- |
- |
-17.9 |
- |
0.0 |
|
Consolid Scope Adj |
500.2 |
123.9 |
111.9 |
15.6 |
29.7 |
|
Inc-Assets Liquidation Liabilities |
314.4 |
- |
- |
- |
- |
|
Cash from Financing Activities |
349.6 |
1,380.3 |
1,558.2 |
1,559.4 |
-369.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-12.4 |
45.1 |
53.9 |
4.1 |
-2.1 |
|
Net Change in Cash |
440.9 |
421.3 |
997.1 |
254.3 |
-218.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,953.6 |
1,348.5 |
566.8 |
417.0 |
623.9 |
|
Net Cash - Ending Balance |
2,394.5 |
1,769.8 |
1,563.9 |
671.3 |
405.7 |
Geographic Segments
Financials in: As Reported (mil)
|
Annual |
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segments
Financials in: As Reported (mil)
|
Annual |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
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.