MIRA INFORM REPORT
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Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ASIANA AIRLINES, INC. |
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Registered Office : |
47, Osoe-Dong, Kangseo-Gu, Seoul, 157-731 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
17.02.1988 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Provides Passenger and freight air transportation services |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Korea |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Asiana Airlines, Inc.
47, Osoe-Dong
Kangseo-Gu
Seoul, 157-731
Korea, Republic of
Tel: 82-2-26693114
Fax: 82-2-21278260
Web: www.flyasiana.com
Synthesis
Employees: 8,941
Company Type: Public
Subsidiary
Corporate Family: 35
Companies
Ultimate Parent: Kumho
Asiana Group
Traded: Korea
Stock Exchange: 020560
Incorporation Date:
17-Feb-1988
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: South
Korean Won
Annual Sales: 4,647.4 1
Net Income: 186.4
Total Assets:
5,497.9 2
Market Value: 1,303.6
(04-Nov-2011)
Business Description
ASIANA AIRLINES,
INC. is a Korea-based airline company that provides passenger and freight air
transportation services. As of December 31, 2010, the Company operated 14
domestic passenger routes between 12 cities; 85 international passenger routes
between 67 cities covering 22 countries, and 21 international cargo routes
between 22 cities covering 13 countries. As of December 31, 2010, the Company
has international passenger codeshare agreements with 23 airline companies, including
All Nippon Airways (ANA), Air China, Singapore Airlines, United Airlines, Thai
Airways, Air Newzealand and others. On June 20, 2011, the Company acquired 100%
stake of KUMHO TERMINAL and Asiana Airport Development Co., Ltd. to participate
management. For the fiscal year ended 31 December 2010, Asiana Airlines, Inc.'s
revenues increased 31% to W5.374T. The Company's net income totaled W215.55B,
vs. a loss of W277.68B. Revenues reflect increased foreign demand for airline
passengers and freights. Higher net income also benefited from increased
interest income, reversal of loan loss reserve and gains on sale of available
for sale securities.
Industry
Industry Airlines
ANZSIC 2006: 4900 - Air and
Space Transport
NACE 2002: 6210 - Scheduled
air transport
NAICS 2002: 481111 - Scheduled
Passenger Air Transportation
UK SIC 2003: 6210 - Scheduled
air transport
US SIC 1987: 4512 - Air
Transportation, Scheduled
Key Executives
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Name |
Title |
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Yeong Du Yoon |
Chief Executive Officer, President, Director |
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Ok Gi |
President, Director |
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Seon Bok Hwang |
Vice President |
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Dong Sil Hyun |
Vice President |
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Jong Kil Kim |
Manager-Privacy Policy & Sales-Internet |
Significant Developments
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Topic |
#* |
Most Recent Headline |
Date |
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Mergers / Acquisitions |
3 |
Asiana Airlines, Inc. to Acquire Stake in KUMHO TERMINAL |
17-Jun-2011 |
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Divestitures / Spin-offs |
1 |
Asiana Airlines, Inc. And Korea Development Bank To Sell 37.6% Stake
In The Korea Express Co., Ltd.-DJ |
20-Feb-2011 |
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Products |
2 |
Asiana Airlines, Inc. to Invest KRW 85,513,736,145 in Aircraft Spare
Engine |
16-Mar-2011 |
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Equity Investments |
2 |
Asiana Airlines, Inc. to Sell Stake in KOREA EXPRESS CO.,LTD |
8-Jul-2011 |
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Debt Financing / Related |
1 |
Asiana Airlines, Inc. Decides Bank Loan |
30-Sep-2011 |
* number of significant developments within the last 12 months
News
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Title |
Date |
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Yonhap: S.
Korean Firms Striving to Boost Presence in Vietnam |
13-Nov-2011 |
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Air Lease
posts third-quarter profit of $18.3 million |
12-Nov-2011 |
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S. Korea,
Taiwan agree to expand flights |
11-Nov-2011 |
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S. KOREA'S
ASIANA AIRLINES SWINGS TO LOSS IN Q3 |
11-Nov-2011 |
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in this
issue Companies listed Aelis Group 31... |
8-Nov-2011 |
Financial Summary
As of 30-Jun-2011
Key Ratios Company Industry
Current Ratio (MRQ) 0.37 1.01
Quick Ratio (MRQ) 0.28 0.80
Debt to Equity (MRQ) 3.59 7.50
Sales 5 Year Growth 11.29 8.03
Stock Snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1156.282
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1134.9
Corporate Overview
Location
47, Osoe-Dong
Kangseo-Gu
Seoul, 157-731
Korea, Republic of
Tel: 82-2-26693114
Fax: 82-2-21278260
Quote Symbol - Exchange
020560 - Korea
Stock Exchange
Sales KRW(mil): 5,373,654.5
Assets KRW(mil): 6,239,572.5
Employees: 8,941
Fiscal Year End: 31-Dec-2010
Industry: Airlines
Incorporation Date: 17-Feb-1988
Company Type: Public
Subsidiary
Quoted Status: Quoted
Chief Executive Officer,
President, Director: Yeong
Du Yoon
Company Web Links
Corporate History/Profile
Financial Information
Home Page
News Releases
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
5220 - Airport Operations and Other Air Transport Support Services
4900 - Air and Space Transport
NACE 2002 Codes:
6323 - Other supporting air transport activities
6210 - Scheduled air transport
NAICS 2002 Codes:
488119 - Other Airport Operations
481111 - Scheduled Passenger Air Transportation
US SIC 1987:
4581 - Airports, Flying Fields, and Airport Terminal Services
4512 - Air Transportation, Scheduled
UK SIC 2003:
6323 - Other supporting air transport activities
6210 - Scheduled air transport
Business
Description
ASIANA AIRLINES,
INC. is a Korea-based airline company that provides passenger and freight air
transportation services. As of December 31, 2010, the Company operated 14
domestic passenger routes between 12 cities; 85 international passenger routes
between 67 cities covering 22 countries, and 21 international cargo routes
between 22 cities covering 13 countries. As of December 31, 2010, the Company
has international passenger codeshare agreements with 23 airline companies,
including All Nippon Airways (ANA), Air China, Singapore Airlines, United
Airlines, Thai Airways, Air Newzealand and others. On June 20, 2011, the
Company acquired 100% stake of KUMHO TERMINAL and Asiana Airport Development
Co., Ltd. to participate management. For the fiscal year ended 31 December
2010, Asiana Airlines, Inc.'s revenues increased 31% to W5.374T. The Company's
net income totaled W215.55B, vs. a loss of W277.68B. Revenues reflect increased
foreign demand for airline passengers and freights. Higher net income also
benefited from increased interest income, reversal of loan loss reserve and
gains on sale of available for sale securities.
More Business
Descriptions
· Airline services
· Scheduled Air Transportation
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 35 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Seoul |
Korea, Republic of |
Miscellaneous Fabricated Products |
16,059.1 |
5,000 |
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Subsidiary |
Seoul |
Korea, Republic of |
Airlines |
4,647.4 |
8,941 |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Software and Programming |
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414 |
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Subsidiary |
Kwangju |
Korea, Republic of |
Tires |
3,025.6 |
4,951 |
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Subsidiary |
Seoul |
Korea, Republic of |
Railroads |
2,209.3 |
4,063 |
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Subsidiary |
Secaucus, NJ |
United States |
Trucking |
4.2 |
28 |
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Subsidiary |
Hayward, CA |
United States |
Trucking |
2.2 |
15 |
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Subsidiary |
Wimbledon |
United Kingdom |
Business Services |
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Subsidiary |
Najoo-Si, Jeollanam-Do |
Korea, Republic of |
Construction Services |
6,616.5 |
3,707 |
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Branch |
Jongno-Gu |
Korea, Republic of |
Engineering Consultants |
1.0 |
100 |
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Subsidiary |
Offenbach Am Main, Hessen |
Germany |
Retail (Specialty) |
226.8 |
50 |
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Subsidiary |
Seocho-gu |
Korea, Republic of |
Airlines |
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2,400 |
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Subsidiary |
Seoul |
Korea, Republic of |
Fabricated Plastic and Rubber |
4,945.6 |
1,193 |
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Subsidiary |
Yochon, Chonnam-do |
Korea, Republic of |
Chemical Manufacturing |
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269 |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Chemical Manufacturing |
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15 |
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Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
1.0 |
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Branch |
Jakarta Selatan |
Indonesia |
Chemical Manufacturing |
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Subsidiary |
Seoul |
Korea, Republic of |
Insurance (Life) |
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789 |
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Subsidiary |
Jung-Gu |
Korea, Republic of |
Electric Utilities |
66.2 |
45 |
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Subsidiary |
Kyoggo-Do |
Korea, Republic of |
Recreational Activities |
1.0 |
35 |
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Subsidiary |
Seoul |
Korea, Republic of |
Rental and Leasing |
1.0 |
20 |
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Subsidiary |
Jung-Gu |
Korea, Republic of |
Miscellaneous Transportation |
11.0 |
10 |
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Subsidiary |
Richmond, BC |
Canada |
Tires |
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6 |
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Subsidiary |
Yeosu |
Korea, Republic of |
Chemical Manufacturing |
598.7 |
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Subsidiary |
Seoul |
Korea, Republic of |
Software and Programming |
190.4 |
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Subsidiary |
Seoul |
Korea, Republic of |
Hotels and Motels |
81.2 |
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Subsidiary |
Seoul |
Korea, Republic of |
Construction Services |
46.7 |
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Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Transportation |
21.9 |
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Subsidiary |
Seoul |
Korea, Republic of |
Personal Services |
1.0 |
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Subsidiary |
Seoul |
Korea, Republic of |
Chemicals - Plastics and Rubber |
1.0 |
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Subsidiary |
Seoul |
Korea, Republic of |
Rental and Leasing |
1.0 |
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Executives
Report
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Board of
Directors |
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Vice President |
Chairman |
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Chairman |
Chairman |
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Group Vice Chairman |
Vice-Chairman |
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President, Director |
Director/Board Member |
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Managing Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Managing Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Chief Executive Officer, President,
Director |
Director/Board Member |
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Executives |
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Chief Executive Officer, President,
Director |
Chief Executive Officer |
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President, Director |
President |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director |
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Managing Director |
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Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Co-Manager-Recruitment |
Human Resources Executive |
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Manager-Privacy Policy &
Sales-Internet |
Sales Executive |
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Senior Executive VP - Safety |
Other |
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Vice President |
Other |
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Vice President |
Other |
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Vice President |
Other |
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Vice President |
Other |
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Vice President |
Other |
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Vice President |
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Significant Developments
Asiana Airlines,
Inc. Decides Bank Loan Sep 30, 2011
Asiana Airlines,
Inc. announced that it has decided to get a loan of KRW 55 billion from a
financial institute, for its operations.
Asiana Airlines,
Inc. to Sell Stake in KOREA EXPRESS CO.,LTD Jul 08, 2011
Asiana Airlines,
Inc. announced that it will sell 4,332,228 shares of KOREA EXPRESS CO.,LTD, for
KRW 931,429,020,000, to improve financial structure. After the transaction,
Asiana Airlines, Inc. will hold 1,132,280 shares, or 4.96% of KOREA EXPRESS
CO.,LTD.
Asiana Airlines,
Inc. to Acquire Stake in KUMHO TERMINAL Jun 17, 2011
Asiana Airlines,
Inc. announced that it has decided to acquire 10,000,000 shares of KUMHO
TERMINAL, equivalent to a 100% stake, at KRW 25,550 per share/for KRW 255,500
million, to participate management.
Asiana Airlines,
Inc. to Acquire Stake in AAS AIRPORT SERVICES. INC
Jun 17, 2011
Asiana Airlines,
Inc. announced that it has decided to acquire 1,000,000 shares of AAS AIRPORT
SERVICES. INC, equivalent to a 100% stake, at KRW 38,300 per share/for KRW
38,300 million, to participate management.
Asiana Airlines,
Inc. to Acquire Stake in Asiana Airport Development Co., Ltd. Jun 17, 2011
Asiana Airlines,
Inc. announced that it has decided to acquire 3,206,600 shares of Asiana
Airport Development Co., Ltd., equivalent to a 100% stake, at KRW 21,112.705
per share/for KRW 67,700 million, to participate management.
POSCO Board Decides
On Bid For Asiana Airlines, Inc. and Daewoo Engineering & Construction Co.,
Ltd.'s Stake In The Korea Express Co., Ltd.-DJ May 13, 2011
Dow Jones reported
that POSCO's Board decided to join a final round of bidding to acquire a
controlling stake in The Korea Express Co., Ltd. and also decided to invest in
a 20% stake in a steel mill project in Brazil. The Board's decisions come after
Posco pledged to spend KRW2 trillion ($1.8 billion) in new-growth businesses
and mergers and acquisitions this year as part of its plan to seek overseas
assets and diversify its businesses to help improve efficiency. The final
auction of a 37.6% stake in Korea Express has been delayed to June from the
originally planned May 13 due to disputes among bidders over whether Korea
Express units could be purchased separately from the stake offered by Asiana
Airlines, Inc. and Daewoo Engineering & Construction Co., Ltd., the main
shareholders of the firm.
Asiana Airlines,
Inc. to Invest KRW 85,513,736,145 in Aircraft Spare Engine
Mar 16, 2011
Asiana Airlines,
Inc. announced that it will invest KRW 85,513,736,145 in aircraft spare engine,
during the period of April 1, 2014 to December 31, 2015.
Asiana Airlines,
Inc. And Korea Development Bank To Sell 37.6% Stake In The Korea Express Co.,
Ltd.-DJ
Feb 20, 2011
Dow Jones reported
that Korea Development Bank (KDB) said it and Asiana Airlines, Inc. will sell a
combined 37.6% stake in logistics company The Korea Express Co., Ltd., and aim
to select a preferred bidder by May. A KDB official, who declined to be
identified, said the managers for the Korea Express sale have sent a teaser
letter to 10 potential buyers, including South Korean conglomerates CJ Group,
GS Group, Lotte Group and Samsung Group. Steelmaker Posco also was among those
that got a teaser letter, the official said. Asiana Airlines, Inc. and KDB have
set a March 4 deadline for letters of interest for the Korea Express shares,
from which they will set a shortlist of bidders. Preferred bidder for the
shares will be picked in May, the KDB official said.
Asiana Airlines, Inc. Issues FY 2011 Outlook Above Analysts' Estimates
Feb 10, 2011
Asiana Airlines, Inc. announced that it expects its fiscal year 2011
revenue and operating profit to record KRW 5,500 billion and KRW 610 billion,
respectively. According to Reuters Estimates, analysts on average are expecting
the Company to report revenue of KRW 5,230.00 billion for fiscal year 2011.
Asiana Airlines, Inc. to Invest KRW 2,045,604,759,750 in New Aircraft
Jan 06, 2011
Asiana Airlines, Inc. announced that will invest KRW 2,045,604,759,750
million in new aircraft during the period of April 1, 2014 to December 31,
2017, to improve supplying capacity and aircraft modernization.
Press clippings
KOREA, REPUBLIC OF,UNITED KINGDOM : Asiana Airlines
to fly Seoul from Oct. 30
TendersInfo News
18 October 2011
[What follows is the full text of the article.]
Asiana Airlines to
launch new route between London and Seoul from 30th October.
The carrier will
operate daily flight from Heathrow to Incheon airport.
With this new
route passengers will be able to connect to Asiana Airlines' network in the Far
East, that covers 20 cities in Japan and 21 in China, including destinations in
Australia, Vietnam, Cambodia, the Philippines and other countries.
According to
carrier, Seoul passengers can visit local attractions and landmarks namely the
Gyeongbok, Changdeok and Deoksu palaces and the National Museum of Korea.
KOREA, REPUBLIC OF : Asiana Airlines inks deal for
Amadeus Altea Customer Management Solution platform
TendersInfo News
18 October 2011
[What follows is the full text of the article.]
Asiana Airlines,
South Korea based niche carrier, inked a deal for Amadeus Altea Customer
Management Solution platform.
Amadeus will complete
the deployment of its platform in 2013. With this, Asiana Airlines will be able
to better administer its domestic and international reservations, inventory,
and departure control operations.
According to David
Brett, President of Amadeus Asia Pacific, with the deployment of Altea Customer
Management Solution platform, Asiana Airlines will be able to boost its
operations.
Brett said, We
recognize Asiana s commitment to customer service excellence and are confident
Altea will help the airline enhance its operational efficiency. It will enable
them to have better integration with their partner airlines, offer superior
customer service, and reduce operational cost.
Kwang Hee Ryu, EVP
of Asiana Airlines, stated that, Amadeus Altea platform fulfills all the
demands of airline s operations.
Ryu said, Altea
offers an impressive range of functions that will allow us to enhance our
passenger management processes and respond more efficiently to customer needs
while also enabling closer integration with other Star Alliance members.
CHINA,KOREA, REPUBLIC OF : Asiana Airlines launches
a new daily service to Beijing
TendersInfo News
05 October 2011
[What follows is the full text of the article.]
ASIANA Airlines
(OZ) declared that it has launched its flights between Gimpo International
Airport and Beijing.
The carrier on
this route will operate daily flights with its new Airbus A330-300, having a
capacity of 290 seats.
The carrier to
celebrate the new service has handed out the Korea Pass, a prepaid card worth
20 thousand won, which can be used as a payment method while traveling within
Korea.
The airline and
the Korea National Tourism Organization for the lucky passenger who first
entered Gimpo International Airport from Beijing on the Asiana flight has granted
a free roundtrip ticket to any Chinese routes operated by Asiana plus a Korea
Pass worth 300 thousand won.
KOREA, REPUBLIC OF,UNITED STATES : Asiana Airlines
starts cargo service from Seoul to Miami International Airport
TendersInfo News
14 September 2011
[What follows is the full text of the article.]
South Korea's
Asiana Airlines started a three-times-weekly cargo service from Seoul, South
Korea to Miami International Airport in the US.
With this service,
Miami will have four Asian airlines running freighter flights to the important
global cargo centres of Taipei, Seoul and Hong Kong, with cargo tonnage between
Miami and Asia increasing nine per cent till now in 2011.
In 2010, cargo
quantum between all of Asia and MIA increased 16 per cent, while trade grew 36
per cent to a net US$3.4 billion.
ETHIOPIA : Ethiopian Airlines, Asiana Airlines
enter code share agreement
TendersInfo News
29 August 2011
[What follows is the full text of the article.]
Ethiopian Airlines
and the award winning South Korean airline, Asiana Airlines signed a code share
agreement for improving the increasing cooperation with Star Alliance member
carriers. The partnership between Ethiopian and Asiana would provide passengers
of both airlines with better flight options and better connections between
Africa and Asia, said the Ethiopian Airlines. The Ethiopian Airlines will put
its code on Asiana operated flights to and from Hong Kong and Seoul and Asiana
will share code on Ethiopian operated flights to and from Hong Kong and Addis
Ababa, as per the pact.
CEO of Ethiopian
Airlines, Tewolde Gebre-Mariam said, We are delighted to partner with Asiana
airlines, which is one of the major airlines in Asia and the agreement will
support our commitment towards improving the travel experience of our
passengers. The code share arrangements would provide easier flight choices,
shorter transit options and greater convenience to customers, said the carrier.
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 |
Updated Normal |
Restated Normal |
Updated 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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
Revenue |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
Total Revenue |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
3,574.1 |
2,879.0 |
3,478.4 |
3,467.8 |
3,189.0 |
|
Cost of Revenue, Total |
3,574.1 |
2,879.0 |
3,478.4 |
3,467.8 |
3,189.0 |
|
Gross Profit |
1,073.3 |
323.8 |
561.3 |
709.2 |
629.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
392.2 |
506.5 |
601.2 |
404.1 |
385.9 |
|
Labor & Related Expense |
44.5 |
- |
- |
40.3 |
37.7 |
|
Advertising Expense |
50.8 |
- |
- |
48.5 |
45.8 |
|
Total Selling/General/Administrative Expenses |
487.5 |
506.5 |
601.2 |
492.9 |
469.4 |
|
Research & Development |
0.7 |
- |
- |
0.9 |
0.7 |
|
Depreciation |
9.4 |
- |
- |
5.9 |
5.2 |
|
Amortization of Intangibles |
3.3 |
- |
- |
4.9 |
4.8 |
|
Depreciation/Amortization |
12.7 |
- |
- |
10.8 |
10.0 |
|
Total Operating Expense |
4,075.0 |
3,385.5 |
4,079.7 |
3,972.5 |
3,669.1 |
|
|
|
|
|
|
|
|
Operating Income |
572.4 |
-182.7 |
-39.9 |
204.6 |
149.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-160.2 |
-157.4 |
-199.4 |
-134.3 |
-121.3 |
|
Interest Expense, Net Non-Operating |
-160.2 |
-157.4 |
-199.4 |
-134.3 |
-121.3 |
|
Interest Income -
Non-Operating |
13.0 |
9.6 |
9.6 |
7.8 |
15.3 |
|
Investment Income -
Non-Operating |
-23.4 |
134.3 |
-23.7 |
61.0 |
80.8 |
|
Interest/Investment Income - Non-Operating |
-10.4 |
143.8 |
-14.0 |
68.8 |
96.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-170.7 |
-13.6 |
-213.4 |
-65.5 |
-25.2 |
|
Gain (Loss) on Sale of Assets |
-27.6 |
-21.3 |
8.3 |
-10.1 |
29.8 |
|
Other Non-Operating Income (Expense) |
-63.3 |
-92.5 |
7.6 |
-7.1 |
-4.0 |
|
Other, Net |
-63.3 |
-92.5 |
7.6 |
-7.1 |
-4.0 |
|
Income Before Tax |
310.8 |
-310.1 |
-237.4 |
121.9 |
150.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
119.9 |
-89.8 |
-29.7 |
12.5 |
13.3 |
|
Income After Tax |
190.9 |
-220.2 |
-207.8 |
109.3 |
136.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-4.5 |
2.7 |
13.8 |
5.9 |
0.7 |
|
Equity In Affiliates |
- |
- |
0.1 |
-0.2 |
- |
|
Net Income Before Extraord Items |
186.4 |
-217.6 |
-193.8 |
115.0 |
137.5 |
|
Discontinued Operations |
- |
10.3 |
-16.5 |
- |
- |
|
Total Extraord Items |
- |
10.3 |
-16.5 |
- |
- |
|
Net Income |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
186.4 |
-217.6 |
-193.8 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
175.9 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Basic EPS Excl Extraord Items |
1.06 |
-1.24 |
-1.11 |
0.66 |
0.79 |
|
Basic/Primary EPS Incl Extraord Items |
1.06 |
-1.18 |
-1.20 |
0.66 |
0.79 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
Diluted Weighted Average Shares |
182.0 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Diluted EPS Excl Extraord Items |
1.02 |
-1.24 |
-1.11 |
0.66 |
0.79 |
|
Diluted EPS Incl Extraord Items |
1.02 |
-1.18 |
-1.20 |
0.66 |
0.79 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.16 |
0.16 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
28.3 |
27.5 |
|
Interest Expense, Supplemental |
160.2 |
157.4 |
199.4 |
134.3 |
121.3 |
|
Interest Capitalized, Supplemental |
-1.9 |
-1.1 |
-6.2 |
-4.6 |
-3.3 |
|
Depreciation, Supplemental |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Total Special Items |
29.6 |
21.3 |
-8.2 |
10.5 |
-28.7 |
|
Normalized Income Before Tax |
340.4 |
-288.7 |
-245.7 |
132.3 |
121.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
10.7 |
7.5 |
-2.9 |
1.0 |
-2.6 |
|
Inc Tax Ex Impact of Sp Items |
130.6 |
-82.4 |
-32.6 |
13.6 |
10.7 |
|
Normalized Income After Tax |
209.8 |
-206.4 |
-213.1 |
118.7 |
110.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
205.3 |
-203.7 |
-199.2 |
124.4 |
111.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.17 |
-1.16 |
-1.14 |
0.71 |
0.64 |
|
Diluted Normalized EPS |
1.13 |
-1.16 |
-1.14 |
0.71 |
0.64 |
|
Amort of Acquisition Costs, Supplemental |
1.9 |
0.0 |
0.1 |
0.4 |
1.1 |
|
Amort of Intangibles, Supplemental |
2.5 |
2.0 |
8.7 |
9.9 |
8.8 |
|
Rental Expenses |
19.9 |
11.1 |
18.3 |
9.6 |
6.4 |
|
Advertising Expense, Supplemental |
50.8 |
43.4 |
46.4 |
31.4 |
45.8 |
|
Research & Development Exp, Supplemental |
0.7 |
0.7 |
0.8 |
0.9 |
0.7 |
|
Normalized EBIT |
572.4 |
-182.7 |
-39.9 |
204.6 |
149.5 |
|
Normalized EBITDA |
777.9 |
-17.4 |
210.0 |
476.3 |
392.7 |
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
132.8 |
92.9 |
65.6 |
161.1 |
93.9 |
|
Short Term Investments |
39.6 |
32.1 |
31.0 |
1.8 |
14.5 |
|
Cash and Short Term Investments |
172.5 |
125.1 |
96.6 |
162.9 |
108.5 |
|
Accounts Receivable -
Trade, Gross |
417.2 |
369.6 |
272.9 |
343.5 |
302.1 |
|
Provision for Doubtful
Accounts |
-3.5 |
-3.6 |
-2.2 |
-2.9 |
-2.6 |
|
Trade Accounts Receivable - Net |
426.5 |
376.6 |
278.4 |
348.0 |
304.2 |
|
Other Receivables |
33.8 |
108.8 |
17.8 |
23.1 |
18.2 |
|
Total Receivables, Net |
460.3 |
485.4 |
296.2 |
371.1 |
322.4 |
|
Inventories - Finished Goods |
6.6 |
6.1 |
5.1 |
6.9 |
7.1 |
|
Inventories - Other |
185.4 |
144.1 |
126.9 |
134.7 |
110.9 |
|
Total Inventory |
192.0 |
150.2 |
132.0 |
141.6 |
118.0 |
|
Prepaid Expenses |
33.8 |
36.8 |
43.1 |
39.2 |
47.3 |
|
Deferred Income Tax - Current Asset |
26.2 |
34.0 |
56.0 |
24.5 |
31.9 |
|
Other Current Assets |
27.2 |
68.2 |
70.3 |
54.0 |
112.5 |
|
Other Current Assets, Total |
53.4 |
102.2 |
126.3 |
78.5 |
144.4 |
|
Total Current Assets |
911.9 |
899.6 |
694.2 |
793.3 |
740.6 |
|
|
|
|
|
|
|
|
Buildings |
229.0 |
105.6 |
97.6 |
103.7 |
145.0 |
|
Land/Improvements |
142.4 |
24.0 |
22.2 |
29.9 |
166.0 |
|
Machinery/Equipment |
911.7 |
834.4 |
1,455.4 |
1,720.9 |
1,417.0 |
|
Construction in
Progress |
22.9 |
28.4 |
30.7 |
61.7 |
59.5 |
|
Leases |
2,008.2 |
1,710.7 |
1,906.3 |
2,836.3 |
2,729.2 |
|
Other
Property/Plant/Equipment |
137.0 |
132.8 |
77.6 |
94.6 |
35.4 |
|
Property/Plant/Equipment - Gross |
3,451.1 |
2,835.9 |
3,589.8 |
4,847.1 |
4,552.2 |
|
Accumulated Depreciation |
-543.3 |
-360.9 |
-1,339.2 |
-1,829.0 |
-1,582.2 |
|
Property/Plant/Equipment - Net |
2,907.8 |
2,475.0 |
2,250.6 |
3,018.1 |
2,970.0 |
|
Goodwill, Net |
33.1 |
0.2 |
0.3 |
3.9 |
6.6 |
|
Intangibles, Net |
19.0 |
19.7 |
153.1 |
222.3 |
215.5 |
|
LT Investment - Affiliate Companies |
907.4 |
918.9 |
1,576.1 |
480.5 |
420.9 |
|
LT Investments - Other |
105.0 |
118.0 |
27.0 |
31.4 |
21.0 |
|
Long Term Investments |
1,012.5 |
1,036.9 |
1,603.1 |
511.9 |
441.9 |
|
Note Receivable - Long Term |
40.0 |
36.5 |
3.0 |
5.1 |
5.7 |
|
Deferred Income Tax - Long Term Asset |
14.8 |
85.3 |
51.0 |
60.9 |
65.0 |
|
Other Long Term Assets |
558.9 |
518.7 |
211.9 |
100.2 |
119.7 |
|
Other Long Term Assets, Total |
573.6 |
604.0 |
262.8 |
161.1 |
184.7 |
|
Total Assets |
5,497.9 |
5,072.0 |
4,967.1 |
4,715.6 |
4,564.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
182.4 |
144.2 |
136.8 |
156.6 |
119.8 |
|
Accrued Expenses |
157.1 |
90.5 |
84.7 |
114.1 |
119.9 |
|
Notes Payable/Short Term Debt |
336.2 |
598.7 |
386.4 |
80.2 |
293.3 |
|
Current Portion - Long Term Debt/Capital Leases |
1,160.9 |
917.6 |
993.5 |
631.1 |
320.1 |
|
Customer Advances |
277.4 |
225.4 |
192.2 |
176.5 |
150.4 |
|
Income Taxes Payable |
5.0 |
1.1 |
10.1 |
3.4 |
1.3 |
|
Other Payables |
235.7 |
214.0 |
193.0 |
225.6 |
171.3 |
|
Other Current Liabilities |
53.6 |
34.6 |
37.0 |
24.1 |
49.1 |
|
Other Current liabilities, Total |
571.7 |
475.1 |
432.2 |
429.6 |
372.1 |
|
Total Current Liabilities |
2,408.4 |
2,226.2 |
2,033.6 |
1,411.6 |
1,225.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,075.0 |
1,058.8 |
1,163.0 |
1,084.1 |
1,022.2 |
|
Capital Lease Obligations |
704.7 |
769.3 |
784.1 |
726.9 |
- |
|
Total Long Term Debt |
1,779.7 |
1,828.1 |
1,947.1 |
1,810.9 |
1,022.2 |
|
Total Debt |
3,276.8 |
3,344.4 |
3,326.9 |
2,522.2 |
1,635.6 |
|
|
|
|
|
|
|
|
Minority Interest |
36.7 |
17.2 |
13.0 |
29.1 |
46.7 |
|
Reserves |
81.7 |
61.1 |
54.7 |
64.7 |
55.1 |
|
Pension Benefits - Underfunded |
187.3 |
200.3 |
161.5 |
198.6 |
189.7 |
|
Other Long Term Liabilities |
116.1 |
110.6 |
134.2 |
17.8 |
932.8 |
|
Other Liabilities, Total |
385.1 |
372.1 |
350.4 |
281.1 |
1,177.6 |
|
Total Liabilities |
4,609.9 |
4,443.5 |
4,344.1 |
3,532.7 |
3,471.6 |
|
|
|
|
|
|
|
|
Common Stock |
786.1 |
752.2 |
695.4 |
935.7 |
941.8 |
|
Common Stock |
786.1 |
752.2 |
695.4 |
935.7 |
941.8 |
|
Additional Paid-In Capital |
1.0 |
1.0 |
- |
- |
- |
|
Retained Earnings (Accumulated Deficit) |
-57.8 |
-247.0 |
-18.4 |
250.6 |
165.3 |
|
Unrealized Gain (Loss) |
183.4 |
144.0 |
-35.0 |
7.1 |
-20.0 |
|
Translation Adjustment |
- |
- |
- |
- |
0.0 |
|
Other Equity |
-24.6 |
-21.6 |
-18.9 |
-10.5 |
6.2 |
|
Other Equity, Total |
-24.6 |
-21.6 |
-18.9 |
-10.5 |
6.2 |
|
Total Equity |
888.0 |
628.5 |
623.1 |
1,182.9 |
1,093.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
5,497.9 |
5,072.0 |
4,967.1 |
4,715.6 |
4,564.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
178.4 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Total Common Shares Outstanding |
178.4 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
8,580 |
8,139 |
8,303 |
8,200 |
7,767 |
|
Number of Common Shareholders |
60,618 |
65,133 |
73,094 |
57,375 |
38,363 |
|
Deferred Revenue - Current |
277.4 |
225.4 |
192.2 |
176.5 |
150.4 |
|
Total Long Term Debt, Supplemental |
1,879.4 |
1,758.0 |
2,207.4 |
716.4 |
1,187.2 |
|
Long Term Debt Maturing within 1 Year |
962.8 |
769.1 |
867.2 |
77.0 |
156.7 |
|
Long Term Debt Maturing in Year 2 |
492.8 |
422.3 |
330.5 |
273.0 |
455.2 |
|
Long Term Debt Maturing in Year 3 |
397.9 |
153.1 |
271.9 |
246.8 |
437.2 |
|
Long Term Debt Maturing in Year 4 |
- |
388.1 |
27.6 |
- |
67.1 |
|
Long Term Debt Maturing in 2-3 Years |
890.7 |
575.3 |
602.4 |
519.8 |
892.3 |
|
Long Term Debt Maturing in 4-5 Years |
- |
388.1 |
27.6 |
- |
67.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
26.0 |
25.5 |
710.2 |
119.5 |
71.1 |
|
Total Capital Leases, Supplemental |
915.2 |
921.2 |
911.3 |
939.7 |
869.5 |
|
Capital Lease Payments Due in Year 1 |
210.5 |
151.9 |
127.2 |
213.6 |
164.6 |
|
Capital Lease Payments Due in Year 2 |
101.3 |
118.5 |
105.7 |
100.2 |
200.9 |
|
Capital Lease Payments Due in Year 3 |
101.3 |
118.5 |
105.7 |
80.3 |
85.8 |
|
Capital Lease Payments Due in Year 4 |
101.3 |
118.5 |
105.7 |
81.6 |
62.8 |
|
Capital Lease Payments Due in Year 5 |
101.3 |
118.5 |
105.7 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
202.6 |
236.9 |
211.5 |
180.4 |
286.7 |
|
Capital Lease Payments Due in 4-5 Years |
202.6 |
236.9 |
211.5 |
81.6 |
62.8 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
299.5 |
295.4 |
361.2 |
464.1 |
355.4 |
|
Total Operating Leases, Supplemental |
1,813.5 |
1,664.5 |
1,264.8 |
1,336.2 |
1,937.0 |
|
Operating Lease Payments Due in Year 1 |
297.1 |
288.6 |
261.2 |
259.5 |
229.8 |
|
Operating Lease Payments Due in Year 2 |
251.8 |
220.3 |
179.4 |
238.8 |
216.2 |
|
Operating Lease Payments Due in Year 3 |
251.8 |
220.3 |
179.4 |
218.1 |
191.7 |
|
Operating Lease Payments Due in Year 4 |
251.8 |
220.3 |
179.4 |
170.7 |
180.1 |
|
Operating Lease Payments Due in Year 5 |
251.8 |
220.3 |
179.4 |
- |
559.6 |
|
Operating Lease Pymts. Due in 2-3 Years |
503.5 |
440.5 |
358.9 |
456.9 |
407.9 |
|
Operating Lease Pymts. Due in 4-5 Years |
503.5 |
440.5 |
358.9 |
170.7 |
739.7 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
509.3 |
494.9 |
285.7 |
449.1 |
559.6 |
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 |
Restated 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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
190.9 |
-209.9 |
-224.2 |
109.1 |
136.8 |
|
Depreciation |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Depreciation/Depletion |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Amortization of Intangibles |
4.5 |
2.1 |
8.8 |
10.3 |
9.8 |
|
Amortization |
4.5 |
2.1 |
8.8 |
10.3 |
9.8 |
|
Deferred Taxes |
110.7 |
-89.9 |
-35.6 |
6.7 |
11.9 |
|
Unusual Items |
27.2 |
-110.6 |
-48.4 |
-17.3 |
-6.6 |
|
Equity in Net Earnings (Loss) |
21.7 |
111.5 |
-21.6 |
-33.7 |
-14.4 |
|
Other Non-Cash Items |
94.0 |
-4.5 |
83.0 |
66.3 |
13.9 |
|
Non-Cash Items |
142.9 |
-3.6 |
12.9 |
15.3 |
-7.1 |
|
Accounts Receivable |
8.1 |
-69.7 |
6.3 |
-32.1 |
8.6 |
|
Inventories |
-37.9 |
-7.7 |
-32.0 |
-29.9 |
-24.4 |
|
Prepaid Expenses |
4.0 |
7.6 |
-15.9 |
7.8 |
-4.0 |
|
Other Assets |
-0.1 |
-0.6 |
- |
0.0 |
-0.2 |
|
Accounts Payable |
-5.1 |
39.1 |
68.2 |
112.2 |
3.1 |
|
Accrued Expenses |
37.4 |
-2.0 |
-9.4 |
-15.9 |
1.5 |
|
Taxes Payable |
26.3 |
-0.5 |
12.7 |
13.0 |
15.5 |
|
Other Liabilities |
-19.5 |
13.8 |
40.9 |
-33.2 |
-28.0 |
|
Other Operating Cash Flow |
4.5 |
5.4 |
9.6 |
11.5 |
- |
|
Changes in Working Capital |
17.7 |
-14.6 |
80.4 |
33.5 |
-27.7 |
|
Cash from Operating Activities |
667.7 |
-152.6 |
83.4 |
436.3 |
357.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-178.0 |
-94.4 |
-196.9 |
-189.3 |
-106.2 |
|
Purchase/Acquisition of Intangibles |
-0.9 |
-0.8 |
-2.0 |
-10.7 |
-4.6 |
|
Capital Expenditures |
-178.9 |
-95.2 |
-198.9 |
-200.1 |
-110.8 |
|
Sale of Fixed Assets |
24.1 |
151.5 |
116.6 |
0.1 |
20.1 |
|
Sale/Maturity of Investment |
64.8 |
641.2 |
314.4 |
18.8 |
148.0 |
|
Purchase of Investments |
-148.8 |
-21.6 |
-1,470.0 |
-79.6 |
-308.8 |
|
Sale of Intangible Assets |
- |
- |
0.0 |
1.5 |
- |
|
Other Investing Cash Flow |
49.8 |
-259.1 |
-68.1 |
17.8 |
89.8 |
|
Other Investing Cash Flow Items, Total |
-10.3 |
512.0 |
-1,107.0 |
-41.4 |
-50.9 |
|
Cash from Investing Activities |
-189.1 |
416.8 |
-1,305.9 |
-241.5 |
-161.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
14.0 |
-31.6 |
-8.9 |
0.3 |
-325.2 |
|
Financing Cash Flow Items |
14.0 |
-31.6 |
-8.9 |
0.3 |
-325.2 |
|
Total Cash Dividends Paid |
-1.9 |
- |
-27.8 |
-32.8 |
-0.2 |
|
Sale/Issuance of
Common |
- |
- |
23.0 |
15.7 |
- |
|
Common Stock, Net |
- |
- |
23.0 |
15.7 |
- |
|
Warrants Converted |
13.8 |
- |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
13.8 |
- |
23.0 |
15.7 |
- |
|
Short Term Debt Issued |
27.6 |
263.7 |
729.0 |
68.6 |
219.8 |
|
Short Term Debt
Reduction |
-266.7 |
-289.2 |
-321.8 |
-244.8 |
-437.8 |
|
Short Term Debt, Net |
-239.1 |
-25.5 |
407.2 |
-176.2 |
-218.0 |
|
Long Term Debt Issued |
723.6 |
997.1 |
1,383.4 |
530.9 |
480.3 |
|
Long Term Debt
Reduction |
-953.3 |
-1,191.8 |
-616.4 |
-464.2 |
-114.4 |
|
Long Term Debt, Net |
-229.6 |
-194.7 |
767.0 |
66.7 |
365.8 |
|
Issuance (Retirement) of Debt, Net |
-468.7 |
-220.3 |
1,174.2 |
-109.4 |
147.8 |
|
Cash from Financing Activities |
-442.8 |
-251.9 |
1,160.5 |
-126.2 |
-177.6 |
|
|
|
|
|
|
|
|
Net Change in Cash |
35.7 |
12.2 |
-62.0 |
68.5 |
17.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
84.9 |
64.7 |
137.1 |
94.0 |
73.7 |
|
Net Cash - Ending Balance |
120.7 |
76.9 |
75.0 |
162.6 |
91.5 |
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 |
Updated Normal |
Restated Normal |
Updated 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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Revenues |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
Total Revenue |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
|
|
|
|
|
|
|
Cost of Revenues |
3,457.3 |
2,879.0 |
3,478.4 |
3,377.1 |
3,103.9 |
|
Salaries |
107.9 |
- |
- |
84.3 |
79.6 |
|
Wages |
8.9 |
- |
- |
6.5 |
5.5 |
|
Other Payrolls |
0.2 |
- |
- |
0.4 |
0.4 |
|
Transf-Retire Allow. |
13.6 |
- |
- |
11.0 |
10.9 |
|
Employee Benefits |
30.7 |
- |
- |
28.8 |
26.4 |
|
Educationing and Training |
1.5 |
- |
- |
4.9 |
6.4 |
|
Consignment Service Expense |
0.3 |
- |
- |
- |
- |
|
Uniform Expenses |
1.9 |
- |
- |
2.8 |
2.4 |
|
Repair & Maintenance |
0.9 |
- |
- |
1.1 |
1.2 |
|
Depreciation |
9.4 |
- |
- |
5.9 |
5.2 |
|
Amort-Intangibles |
3.3 |
- |
- |
4.9 |
4.8 |
|
Rent |
19.9 |
- |
- |
9.6 |
6.4 |
|
Insurance Expenses |
0.6 |
- |
- |
0.5 |
0.6 |
|
Vehicles Expenses |
3.4 |
- |
- |
0.3 |
2.9 |
|
Taxes |
8.6 |
- |
- |
8.7 |
9.5 |
|
Travel Expenses |
3.5 |
- |
- |
5.8 |
2.3 |
|
Communication Expenses |
0.9 |
- |
- |
3.9 |
7.8 |
|
Computing Expenses |
1.3 |
- |
- |
0.8 |
11.5 |
|
Miscellaneous Operating Expense |
0.3 |
- |
- |
0.5 |
0.9 |
|
Consumable Expenses |
1.0 |
- |
- |
0.9 |
0.8 |
|
Printing Expenses |
1.5 |
- |
- |
2.1 |
2.0 |
|
Utility Expenses |
4.2 |
- |
- |
5.1 |
5.0 |
|
Commissions Paid |
108.1 |
- |
- |
94.5 |
62.9 |
|
Employment Expense |
0.3 |
- |
- |
0.5 |
- |
|
Sales Commissions |
221.6 |
- |
- |
248.2 |
245.7 |
|
Amort-Bad Debts |
0.2 |
- |
- |
0.3 |
0.3 |
|
Shipping/Storage |
0.1 |
- |
- |
0.1 |
0.1 |
|
Mileage Reserve Exp. |
8.5 |
- |
- |
10.1 |
14.3 |
|
Advertising Expense |
21.2 |
- |
- |
31.4 |
30.2 |
|
Marketing Expense |
29.6 |
- |
- |
17.0 |
15.6 |
|
Research & Development |
0.7 |
- |
- |
0.9 |
0.7 |
|
Entertainment |
2.4 |
- |
- |
2.3 |
2.0 |
|
Conference/Activity |
1.0 |
- |
- |
0.9 |
0.8 |
|
Membership Management Expense |
- |
- |
- |
- |
0.0 |
|
Cost of Charity Events |
0.2 |
- |
- |
0.3 |
0.2 |
|
Ajustment |
0.0 |
- |
- |
- |
- |
|
Selling&General Administrative Expense |
- |
506.5 |
601.2 |
- |
- |
|
Total Operating Expense |
4,075.0 |
3,385.5 |
4,079.7 |
3,972.5 |
3,669.1 |
|
|
|
|
|
|
|
|
Interest Income |
13.0 |
9.6 |
9.6 |
7.8 |
15.3 |
|
Dividend Income |
0.5 |
1.7 |
0.6 |
0.0 |
0.4 |
|
G-For Exchange Translations |
71.8 |
95.7 |
112.8 |
36.1 |
64.8 |
|
G-For Currency Translation |
31.4 |
84.4 |
86.9 |
10.5 |
100.7 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
- |
0.2 |
- |
|
Recapture Doubt Acct |
11.8 |
0.0 |
0.2 |
- |
0.1 |
|
Gain-Disposal of Business |
- |
- |
7.6 |
- |
19.0 |
|
G-Reduction Loss of Sec. Avail-for-Sale |
- |
1.1 |
- |
- |
- |
|
G-Disp Secs avail. for Sale |
10.6 |
0.0 |
- |
- |
0.1 |
|
Gain Dispose Tangible Assets |
5.6 |
0.0 |
19.3 |
0.0 |
20.0 |
|
G-Value LT Debt |
- |
- |
- |
- |
0.4 |
|
Gain Int Rt Swap Val |
1.4 |
12.0 |
29.5 |
23.6 |
10.4 |
|
G Derivatives Trade |
0.3 |
43.5 |
219.2 |
24.1 |
11.0 |
|
Gain-Bond Redemption |
- |
- |
0.5 |
- |
- |
|
Gain-Disposal of Member Enrollment Right |
- |
- |
- |
1.0 |
- |
|
Recovery Taxes Paid |
- |
- |
- |
- |
0.0 |
|
Gain-Prior Period Error Correction |
- |
- |
- |
0.4 |
- |
|
Other Non-Op Income |
13.4 |
9.9 |
16.0 |
12.0 |
29.2 |
|
Interest Expense, Non-Operating |
-160.2 |
-157.4 |
-199.4 |
-134.3 |
-121.3 |
|
L-Foreign Exchange Transactions |
-67.5 |
-88.8 |
-197.4 |
-34.8 |
-46.1 |
|
L-Foreign Currency Translations |
-21.6 |
-23.9 |
-225.2 |
-21.7 |
-20.5 |
|
Loss-Disposal of Other LT Assets |
- |
- |
-0.2 |
- |
- |
|
Loss-Reduct. of Sec. Available-Sale |
- |
- |
-0.1 |
- |
- |
|
Loss-Redemption of Debentures |
0.0 |
-1.7 |
- |
- |
- |
|
Other Amortization |
0.0 |
-41.1 |
- |
-0.3 |
-1.2 |
|
Loss-Value LT Debt |
- |
- |
- |
-0.1 |
- |
|
Asset Liquidatn Cost |
-44.5 |
-19.1 |
-5.3 |
-12.8 |
-26.5 |
|
L-Investment Asset Disposal |
- |
- |
- |
- |
0.0 |
|
L-Dispose Securities avail for Sale |
- |
- |
- |
0.0 |
-0.1 |
|
Loss Disp Tang. Ast |
-33.2 |
-21.2 |
-18.5 |
-11.1 |
-9.1 |
|
Loss-Disposal of Intangible Assets |
- |
- |
0.0 |
- |
- |
|
Derivatives Trade L |
-6.2 |
- |
-7.2 |
-28.9 |
-19.2 |
|
L-Derivatives Valuation |
-12.3 |
-0.1 |
-97.0 |
-9.1 |
-30.8 |
|
Loss-Reduction of Intangible Assets |
- |
- |
-0.7 |
- |
- |
|
Loss-Disposal of Accounts Receivable |
0.0 |
-0.1 |
-0.1 |
- |
- |
|
Donations Paid |
-2.6 |
-1.6 |
-2.3 |
-4.8 |
-3.6 |
|
Loss-Valuation of inventory |
0.0 |
0.0 |
- |
- |
- |
|
Loss-Valuation of Tangible Assets |
- |
-22.2 |
- |
- |
- |
|
Other Commissions |
- |
- |
- |
0.0 |
0.0 |
|
Miscellaneous Non-Operating Expense |
-41.2 |
-40.6 |
-0.9 |
-1.7 |
-1.8 |
|
Gain-Disposal of Equity Method Sec. |
- |
145.8 |
16.7 |
27.6 |
- |
|
Gain under Equity Method |
4.7 |
3.5 |
44.4 |
34.9 |
14.7 |
|
Loss-Disposal of Equity Method Sec. |
-10.2 |
- |
-0.3 |
-0.1 |
-4.6 |
|
Loss under Equity Method |
-26.4 |
-71.5 |
-6.0 |
-1.1 |
-0.1 |
|
Loss-Reduction of Equity Method Sec. |
- |
-45.2 |
- |
-0.1 |
-0.1 |
|
Net Income Before Taxes |
310.8 |
-310.1 |
-237.4 |
121.9 |
150.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
119.9 |
-89.8 |
-29.7 |
12.5 |
13.3 |
|
Net Income After Taxes |
190.9 |
-220.2 |
-207.8 |
109.3 |
136.8 |
|
|
|
|
|
|
|
|
Minority Interest Loss |
-4.5 |
2.7 |
13.8 |
5.9 |
0.7 |
|
Earning Before Acquisition of Subsidiary |
- |
- |
0.1 |
-0.2 |
- |
|
Net Income Before Extra. Items |
186.4 |
-217.6 |
-193.8 |
115.0 |
137.5 |
|
Loss on Discontinued Operations |
- |
10.3 |
-16.5 |
- |
- |
|
Net Income |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
186.4 |
-217.6 |
-193.8 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
175.9 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.06 |
-1.24 |
-1.11 |
0.66 |
0.79 |
|
Basic EPS Including ExtraOrdinary Item |
1.06 |
-1.18 |
-1.20 |
0.66 |
0.79 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
Diluted Weighted Average Shares |
182.0 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Diluted EPS Excluding ExtraOrd Items |
1.02 |
-1.24 |
-1.11 |
0.66 |
0.79 |
|
Diluted EPS Including ExtraOrd Items |
1.02 |
-1.18 |
-1.20 |
0.66 |
0.79 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.16 |
0.16 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
28.3 |
27.5 |
|
Normalized Income Before Taxes |
340.4 |
-288.7 |
-245.7 |
132.3 |
121.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
130.6 |
-82.4 |
-32.6 |
13.6 |
10.7 |
|
Normalized Income After Taxes |
209.8 |
-206.4 |
-213.1 |
118.7 |
110.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
205.3 |
-203.7 |
-199.2 |
124.4 |
111.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.17 |
-1.16 |
-1.14 |
0.71 |
0.64 |
|
Diluted Normalized EPS |
1.13 |
-1.16 |
-1.14 |
0.71 |
0.64 |
|
R&D Expense, Supplemental |
0.7 |
0.7 |
0.8 |
0.9 |
0.7 |
|
Advertising Expense |
50.8 |
43.4 |
46.4 |
31.4 |
45.8 |
|
Rental Expense, Supplemental |
19.9 |
11.1 |
18.3 |
9.6 |
6.4 |
|
Interest Expense, Supplemental |
160.2 |
157.4 |
199.4 |
134.3 |
121.3 |
|
Interest Capitalized,Supplemental |
-1.9 |
-1.1 |
-6.2 |
-4.6 |
-3.3 |
|
Depreciation, Supplemental |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Amort of Intangibles, Supplemental |
2.5 |
2.0 |
8.7 |
9.9 |
8.8 |
|
Amort of Acquisition Cost |
1.9 |
0.0 |
0.1 |
0.4 |
1.1 |
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Equivalents |
133.0 |
93.3 |
65.6 |
161.1 |
93.9 |
|
Cash/Equivalents--Government Subsidy |
-0.1 |
-0.3 |
- |
- |
- |
|
ST Finl Assets |
31.8 |
27.9 |
31.0 |
1.8 |
14.0 |
|
Secs avail. for sale |
- |
- |
- |
- |
0.5 |
|
Trade Receivables |
417.2 |
369.6 |
272.9 |
343.5 |
302.1 |
|
Reserve-Doubtful Accounts |
-3.5 |
-3.6 |
-2.2 |
-2.9 |
-2.6 |
|
Other Rcvbl |
20.7 |
15.8 |
16.4 |
23.1 |
18.2 |
|
Accrued Income |
12.9 |
10.6 |
7.6 |
7.3 |
4.8 |
|
L-Disp. Deferred Tangible Assets Current |
27.1 |
26.5 |
14.4 |
- |
- |
|
Advance Payments |
69.2 |
55.2 |
49.6 |
48.3 |
29.8 |
|
Prepaid Expenses |
30.9 |
33.6 |
39.8 |
37.4 |
42.4 |
|
Prepaid Taxes |
2.9 |
3.2 |
3.4 |
1.9 |
4.9 |
|
ST Loans, Net |
13.1 |
93.0 |
1.5 |
0.0 |
0.0 |
|
ST Investment Assets |
7.8 |
4.3 |
- |
- |
- |
|
Current Guarantee Deposits |
0.1 |
41.6 |
38.5 |
44.5 |
106.0 |
|
Current Dfrd Taxes |
26.2 |
34.0 |
56.0 |
24.5 |
31.9 |
|
Derivatives |
- |
0.1 |
17.4 |
9.5 |
6.5 |
|
Merchandise |
6.6 |
6.1 |
5.1 |
6.9 |
7.1 |
|
Stored Goods |
116.2 |
88.9 |
77.3 |
85.1 |
75.4 |
|
Goods in Transit |
- |
- |
- |
- |
0.0 |
|
Other Inventories |
- |
- |
- |
1.2 |
5.7 |
|
Total Current Assets |
911.9 |
899.6 |
694.2 |
793.3 |
740.6 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.0 |
0.0 |
0.0 |
1.6 |
1.6 |
|
LT Loan |
38.1 |
34.4 |
0.2 |
0.4 |
0.5 |
|
Securities avail for Sale |
105.0 |
117.9 |
27.0 |
29.8 |
17.3 |
|
Securities under Equity Method |
907.4 |
918.9 |
1,576.1 |
480.5 |
420.9 |
|
LT Acct Rcvb Net |
2.0 |
2.1 |
2.7 |
4.6 |
5.2 |
|
Guarantee Dep. |
309.1 |
248.7 |
146.7 |
95.2 |
109.6 |
|
L-Disp. Deferred Tangible Assets |
249.8 |
269.9 |
61.2 |
- |
- |
|
Member.Enrol Rgt |
13.8 |
13.4 |
12.4 |
15.2 |
6.0 |
|
LT Prepaid Expen |
- |
- |
- |
- |
2.1 |
|
LA Defer Tax Dbt |
14.8 |
85.3 |
51.0 |
60.9 |
65.0 |
|
Int Rate Swap |
- |
0.0 |
3.9 |
5.0 |
8.0 |
|
Other Investment Assets |
- |
- |
- |
- |
2.1 |
|
Land |
142.4 |
24.0 |
22.2 |
29.9 |
159.1 |
|
Golf Course |
- |
- |
- |
- |
7.0 |
|
Landscaping |
- |
- |
- |
- |
16.1 |
|
Buildings |
221.7 |
98.5 |
91.1 |
93.6 |
115.8 |
|
Buildings Depre. |
-24.7 |
-16.6 |
-13.4 |
-18.2 |
-21.2 |
|
Structures |
7.2 |
7.1 |
6.5 |
10.1 |
29.3 |
|
Structure Depre. |
-1.4 |
-1.2 |
-1.0 |
-2.0 |
-13.2 |
|
Machinery/Equip. |
32.6 |
31.7 |
34.4 |
48.9 |
48.4 |
|
Mach/Equip Depre |
-23.0 |
-20.6 |
-17.9 |
-23.7 |
-22.7 |
|
Airplanes |
511.0 |
483.5 |
1,131.5 |
1,290.5 |
1,023.7 |
|
Depr.- Airplanes |
-74.8 |
-30.1 |
-602.7 |
-627.0 |
-452.7 |
|
Airplanes under Lease |
2,008.2 |
1,710.7 |
1,906.3 |
2,835.6 |
2,729.2 |
|
Industrial Property Right |
0.2 |
0.2 |
0.2 |
0.3 |
- |
|
Depr- Vehicles & Transportation Equip. |
- |
- |
- |
-0.7 |
- |
|
Leased Vehicles & Transportation Equip. |
- |
- |
- |
0.8 |
- |
|
Airplanes under Leases-Depreciation |
-157.7 |
-60.3 |
-537.0 |
-928.5 |
-898.6 |
|
Airplane Parts |
149.3 |
119.9 |
109.1 |
160.1 |
153.4 |
|
Dep Airplane Prt |
-58.9 |
-55.1 |
-47.5 |
-65.9 |
-57.8 |
|
Transport Equip. |
12.8 |
11.4 |
10.5 |
13.8 |
14.1 |
|
Transport Deprec |
-10.8 |
-10.3 |
-9.1 |
-12.0 |
-12.8 |
|
Tools/Equipments |
155.8 |
144.1 |
131.0 |
167.2 |
141.1 |
|
Tool/Equip Depr. |
-76.8 |
-68.8 |
-54.0 |
-74.6 |
-65.8 |
|
Fixtures |
50.2 |
43.8 |
37.2 |
38.0 |
33.5 |
|
Construction in Progress |
22.9 |
28.4 |
30.7 |
61.7 |
- |
|
Deprec. Fixtures |
-34.8 |
-28.0 |
-21.3 |
-24.3 |
-22.9 |
|
Heat Transporting Facilities |
- |
- |
3.3 |
4.4 |
4.4 |
|
Hear Transporting Facility-Depreciation |
- |
- |
-0.6 |
-0.6 |
-0.6 |
|
Heat Transporting Facility-Contribution |
- |
- |
-1.5 |
-2.0 |
-1.6 |
|
Other Tangibles |
137.0 |
132.8 |
77.6 |
94.6 |
35.4 |
|
Depr-Other Tangibles |
-80.5 |
-70.1 |
-35.0 |
-51.5 |
-13.8 |
|
Construction |
- |
- |
- |
- |
43.4 |
|
Goodwill |
33.1 |
0.2 |
0.3 |
7.7 |
6.6 |
|
Brand Rights |
- |
- |
- |
- |
0.3 |
|
Negative Goodwill |
- |
- |
- |
-3.9 |
- |
|
Software, Intangible |
2.3 |
2.4 |
2.5 |
5.5 |
- |
|
Facility Use Rgt |
1.9 |
2.9 |
3.6 |
6.1 |
7.3 |
|
Other Intangible |
- |
- |
0.0 |
7.3 |
4.0 |
|
Usage Right-Technology |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Operating Rights |
- |
- |
134.1 |
187.8 |
197.8 |
|
Development Cost |
0.6 |
0.7 |
0.2 |
- |
- |
|
Total Assets |
5,497.9 |
5,072.0 |
4,967.1 |
4,715.6 |
4,564.9 |
|
|
|
|
|
|
|
|
Trade Payables |
182.4 |
144.2 |
136.8 |
156.6 |
119.8 |
|
ST Borrowings |
27.1 |
367.1 |
373.2 |
25.0 |
200.8 |
|
Customer Advance |
274.4 |
222.5 |
187.8 |
170.6 |
144.6 |
|
Unearned Income |
3.0 |
2.9 |
4.3 |
5.9 |
5.9 |
|
Deposit Withheld |
25.4 |
17.8 |
10.1 |
17.4 |
11.7 |
|
Accounts Payable |
235.8 |
214.1 |
193.0 |
225.6 |
171.3 |
|
Discount for Present Value,curr |
-0.1 |
-0.1 |
- |
- |
- |
|
Asset-Backed Debts, Current |
309.1 |
231.6 |
13.1 |
55.2 |
92.5 |
|
Discount on Debentures Issuance, Current |
-3.4 |
-3.4 |
- |
- |
- |
|
Accrued Expenses |
84.3 |
43.7 |
43.3 |
63.0 |
78.4 |
|
Inc. Taxes Pay. |
5.0 |
1.1 |
10.1 |
3.4 |
1.3 |
|
Taxes Withheld |
72.8 |
46.8 |
41.5 |
51.1 |
41.5 |
|
Current Bonds |
377.8 |
420.8 |
182.5 |
341.6 |
106.4 |
|
Discount on Bond Issuance, current bond |
-1.0 |
-0.5 |
- |
- |
- |
|
Current LT Liab. |
581.6 |
348.8 |
683.8 |
76.0 |
49.1 |
|
Current Port. Lse Liab. |
210.5 |
151.9 |
127.2 |
213.6 |
164.6 |
|
Derivatives in Liabilities, Current |
19.2 |
16.8 |
26.8 |
6.7 |
37.4 |
|
Subscription Warrant Adjustment |
-4.5 |
- |
- |
- |
- |
|
Premium-Redemption |
9.0 |
- |
- |
- |
- |
|
Total Current Liabilities |
2,408.4 |
2,226.2 |
2,033.6 |
1,411.6 |
1,225.1 |
|
|
|
|
|
|
|
|
Bonds |
439.4 |
668.7 |
711.5 |
410.2 |
611.8 |
|
Premiums-Redemption of Bond |
119.3 |
125.1 |
- |
- |
- |
|
Discount on Debentures Issuance |
-61.6 |
-84.8 |
- |
- |
- |
|
Subscription Warrant Adjustment-Bond |
- |
-7.7 |
- |
- |
- |
|
LT Borrowings |
357.9 |
195.2 |
451.5 |
656.5 |
410.4 |
|
Asset-Backed Debts |
221.9 |
165.8 |
- |
17.3 |
- |
|
Discount on Asset-Backed Debts Issuance |
-1.9 |
-3.5 |
- |
- |
- |
|
Lease Liabilities |
704.7 |
769.3 |
784.1 |
726.9 |
- |
|
Total Long Term Debt |
1,779.7 |
1,828.1 |
1,947.1 |
1,810.9 |
1,022.2 |
|
|
|
|
|
|
|
|
LL Int Rate Swap |
66.1 |
72.3 |
128.0 |
6.2 |
14.8 |
|
LT Accounts Pay |
42.1 |
42.1 |
0.6 |
1.3 |
1.9 |
|
Present Value Discount for LT Accounts P |
-7.8 |
-7.7 |
- |
- |
- |
|
Security Deposits, Long Term |
0.8 |
- |
0.0 |
0.3 |
125.5 |
|
Lease Guarantee |
12.2 |
- |
- |
- |
0.1 |
|
Lease Liab. |
- |
- |
- |
- |
706.7 |
|
Assets Guaranteed |
- |
- |
- |
- |
71.2 |
|
Retire Reserve |
- |
- |
- |
- |
215.2 |
|
Deposits for Retirement Insurance |
- |
- |
- |
- |
-22.3 |
|
Reserve for National Pension |
- |
- |
- |
- |
-3.1 |
|
Reserve-Severance and Retirement Benefit |
241.8 |
224.7 |
161.5 |
198.6 |
- |
|
Deposit-Retirement Insurance |
-53.0 |
-22.6 |
- |
- |
- |
|
Transfer to National Pension Fund |
-1.5 |
-1.7 |
- |
- |
- |
|
Res Mileage Prog |
71.4 |
61.1 |
54.7 |
64.7 |
55.1 |
|
LT Unearned Incm |
2.6 |
4.0 |
5.5 |
10.0 |
12.6 |
|
Minority Interest |
36.7 |
17.2 |
13.0 |
29.1 |
46.7 |
|
Long-term Provision for Other Estimated |
10.3 |
- |
- |
- |
- |
|
Total Liabilities |
4,609.9 |
4,443.5 |
4,344.1 |
3,532.7 |
3,471.6 |
|
|
|
|
|
|
|
|
Voluntary Reserve |
13.5 |
13.2 |
12.2 |
16.4 |
- |
|
Legal Reserve |
4.6 |
4.5 |
4.2 |
2.8 |
- |
|
Common Stock |
786.1 |
752.2 |
695.4 |
935.7 |
941.8 |
|
Retained Earnings |
-75.9 |
-264.7 |
-34.7 |
231.5 |
165.3 |
|
Other Capital Adjustment |
-24.6 |
-21.6 |
-19.7 |
-13.6 |
- |
|
L-Valuation Securities avail for Sale |
7.8 |
15.4 |
2.8 |
0.4 |
0.0 |
|
L-Valuation Securities under Equity Meth |
-136.0 |
-178.0 |
-44.0 |
-1.2 |
-15.8 |
|
L-Val Int Swap |
- |
- |
0.5 |
1.3 |
-13.2 |
|
Oversea Op Trans |
- |
- |
- |
- |
0.0 |
|
Capital PV Adj |
- |
- |
0.8 |
3.1 |
6.2 |
|
Capital Change under Equity Method |
- |
3.0 |
5.7 |
6.6 |
9.1 |
|
Consideration for Stock Warrants |
0.8 |
1.0 |
- |
- |
- |
|
Discounts on Stock Issuance |
- |
0.0 |
- |
- |
- |
|
Gain-Valuation of Tangible Assets |
311.5 |
303.6 |
- |
- |
- |
|
Paid-in Capital in Excess of Par |
0.2 |
- |
- |
- |
- |
|
Total Equity |
888.0 |
628.5 |
623.1 |
1,182.9 |
1,093.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
5,497.9 |
5,072.0 |
4,967.1 |
4,715.6 |
4,564.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
178.4 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Total Common Shares Outstanding |
178.4 |
175.2 |
175.2 |
175.2 |
175.2 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
277.4 |
225.4 |
192.2 |
176.5 |
150.4 |
|
Full-Time Employees |
8,580 |
8,139 |
8,303 |
8,200 |
7,767 |
|
Number of Common Shareholders |
60,618 |
65,133 |
73,094 |
57,375 |
38,363 |
|
LT Debt 1 yr |
962.8 |
769.1 |
867.2 |
77.0 |
156.7 |
|
LT Debt 2 yrs |
492.8 |
422.3 |
330.5 |
273.0 |
455.2 |
|
LT Debt 3 yrs |
397.9 |
153.1 |
271.9 |
246.8 |
437.2 |
|
LT Debt 4 yrs |
- |
388.1 |
27.6 |
- |
67.1 |
|
LT Debt thereafter |
26.0 |
25.5 |
710.2 |
119.5 |
71.1 |
|
Total Long Term Debt, Supplemental |
1,879.4 |
1,758.0 |
2,207.4 |
716.4 |
1,187.2 |
|
Capital Lse 1 yr |
210.5 |
151.9 |
127.2 |
213.6 |
164.6 |
|
Capital Lse 2 yrs |
- |
- |
- |
100.2 |
200.9 |
|
Capital Lse 3 yrs |
- |
- |
- |
80.3 |
85.8 |
|
Capital Lse 4 yrs |
- |
- |
- |
81.6 |
62.8 |
|
Capital Lse 5 yrs |
405.2 |
473.8 |
422.9 |
- |
- |
|
Capital Lease - Remaining Maturities |
299.5 |
295.4 |
361.2 |
464.1 |
355.4 |
|
Total Capital Leases |
915.2 |
921.2 |
911.3 |
939.7 |
869.5 |
|
Operating Lse 1 yr |
297.1 |
288.6 |
261.2 |
259.5 |
229.8 |
|
Operating Lse 2 yrs |
- |
- |
- |
238.8 |
216.2 |
|
Operating Lse 3 yrs |
- |
- |
- |
218.1 |
191.7 |
|
Operating Lse 4 yrs |
- |
- |
- |
170.7 |
180.1 |
|
Operating Lse 5 yrs |
1,007.0 |
881.0 |
717.8 |
- |
559.6 |
|
Operating Lse thereafter |
509.3 |
494.9 |
285.7 |
449.1 |
559.6 |
|
Total Operating Leases |
1,813.5 |
1,664.5 |
1,264.8 |
1,336.2 |
1,937.0 |
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 |
Restated 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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
190.9 |
-209.9 |
-224.2 |
109.1 |
136.8 |
|
Depreciation |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Prov. Doubtful Act |
0.2 |
1.3 |
0.3 |
0.3 |
0.3 |
|
Other Amortization |
0.0 |
41.1 |
- |
0.3 |
1.2 |
|
Retirement Allowance |
49.0 |
34.8 |
37.2 |
50.7 |
49.2 |
|
Amortization-Intangible Assets |
4.5 |
2.1 |
8.8 |
10.3 |
9.8 |
|
Amort-Subscription Warrant Adjustment |
3.2 |
2.0 |
- |
- |
- |
|
Loss-Redemption of Bond |
0.0 |
1.7 |
- |
- |
- |
|
Loss-Valuation of Inventory |
0.0 |
0.0 |
- |
- |
- |
|
L-For Exchange Translations |
20.6 |
21.5 |
223.4 |
20.9 |
17.1 |
|
Loss-Disposal of Trade Receivable |
0.0 |
0.1 |
0.1 |
- |
- |
|
Loss-Reduct. of Sec. Available-for-Sale |
- |
- |
0.1 |
- |
- |
|
L-Disp Securities avail for Sale |
- |
- |
- |
0.0 |
0.1 |
|
Loss-Valuation of Tangible Assets |
- |
22.2 |
- |
- |
- |
|
Amortization of Present Value Discount-A |
2.7 |
1.7 |
- |
- |
- |
|
Valuation of Equity |
26.4 |
71.5 |
2.0 |
1.1 |
0.1 |
|
Loss-Reduct. of Sec. under Equity Method |
- |
45.2 |
- |
0.1 |
0.1 |
|
Loss-Disposal of Sec under Equity Method |
10.2 |
0.1 |
0.3 |
0.1 |
4.6 |
|
Loss-Derivatives Transaction |
6.2 |
- |
7.2 |
28.9 |
19.2 |
|
L-Derivatives Valuation |
12.3 |
0.1 |
97.0 |
9.1 |
30.8 |
|
Loss-Disposal of Other Assets |
- |
- |
0.2 |
- |
- |
|
Disp Tang Asst Loss |
33.2 |
21.2 |
18.5 |
11.1 |
9.1 |
|
Loss-Disposal of Intangible Assets |
- |
- |
0.0 |
- |
- |
|
Loss-Reduction of Intangible Assets |
- |
- |
0.7 |
- |
- |
|
Amort-Court Receivership Liability |
1.7 |
2.2 |
0.5 |
1.5 |
4.6 |
|
Loss-Valuation of Lease Liabilities |
- |
- |
- |
0.1 |
- |
|
Others |
- |
- |
4.1 |
- |
- |
|
Donations |
- |
- |
- |
1.3 |
- |
|
Amort. of Discount |
25.0 |
26.0 |
31.3 |
1.0 |
1.0 |
|
Amortization-LT Prepaid Expense |
- |
- |
- |
2.1 |
0.5 |
|
Provision-Mileage Program |
8.5 |
1.7 |
7.6 |
10.1 |
14.3 |
|
Miscellaneous Loss |
11.0 |
- |
- |
- |
- |
|
Reverse-Doubtful Account |
-11.8 |
0.0 |
-0.2 |
- |
-0.1 |
|
Gain-Disposal of Business Division |
- |
- |
-7.6 |
- |
- |
|
Gain-Prior Period Error Correction |
- |
- |
- |
-0.4 |
- |
|
Gain-Disposal of Membership Right |
- |
- |
- |
-1.0 |
- |
|
G-For Exchange Translations |
-29.2 |
-81.5 |
-76.1 |
-9.1 |
-100.3 |
|
Gain-Disp. of Securities/Equity Method |
- |
-154.8 |
-41.3 |
-27.6 |
- |
|
Gain-Disposal of Other Assets |
- |
- |
-0.2 |
- |
- |
|
G-Disp Secs avial. for Sale |
-10.6 |
0.0 |
- |
- |
-0.1 |
|
Recovery-Sec. Avail-for-Sale Reduction |
- |
-1.1 |
- |
- |
- |
|
Equity Earnings |
-4.7 |
-5.1 |
-23.6 |
-34.9 |
-14.7 |
|
G-Disp LT Debt |
- |
- |
- |
- |
-0.4 |
|
Val Gain-Int Rt Swap |
-1.4 |
-12.0 |
-29.5 |
-23.6 |
-10.4 |
|
Gain-Derivatives Transaction |
-0.3 |
-43.5 |
-219.2 |
-24.1 |
-11.0 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
- |
-0.2 |
- |
|
Gain-Redemption of Bond |
- |
- |
-0.5 |
- |
- |
|
Miscellaneous Gain |
-2.7 |
- |
- |
- |
- |
|
Gain Disp Tang. Ast |
-5.6 |
0.0 |
-19.3 |
0.0 |
-20.0 |
|
Amort LT Unearned Income |
- |
- |
- |
-2.6 |
-2.5 |
|
Recovery-Inventory Valuation Loss |
- |
- |
-0.1 |
- |
- |
|
Corporate Tax Refundable |
0.0 |
- |
- |
- |
- |
|
Trade Rcvbl. |
13.7 |
-69.1 |
-1.7 |
-29.4 |
-0.9 |
|
Decrease Acct Rcvbl |
-3.9 |
1.5 |
10.0 |
0.0 |
8.3 |
|
LT Account Receivable |
0.2 |
0.1 |
0.5 |
-0.1 |
- |
|
Inc in Accrued Inc |
-1.9 |
-2.1 |
-2.4 |
-2.6 |
1.2 |
|
Security Deposit |
- |
- |
- |
0.0 |
-0.2 |
|
Guarantee Deposit |
-0.1 |
-0.6 |
- |
- |
- |
|
Dec Advanced Payment |
-13.0 |
-1.4 |
-15.5 |
-19.2 |
-12.7 |
|
Inc in Prepaid Exp |
3.5 |
7.9 |
-13.9 |
4.8 |
-3.1 |
|
Dec in Prepaid Tax |
0.5 |
-0.3 |
-2.1 |
3.0 |
-0.9 |
|
Dec Deferred Tax Assets |
110.7 |
-89.9 |
-35.6 |
6.7 |
11.9 |
|
Inventories |
-24.8 |
-6.3 |
-16.6 |
-10.6 |
-11.7 |
|
Trade Payables |
28.3 |
7.4 |
31.0 |
61.1 |
19.2 |
|
A/L Inc Acc't Pay. |
-33.4 |
-2.4 |
37.2 |
51.1 |
-16.1 |
|
Inc in Advances Rcvd |
44.0 |
18.2 |
69.7 |
0.4 |
8.2 |
|
Inc in Deposit Rcvd |
6.4 |
7.7 |
-5.2 |
5.5 |
-6.8 |
|
Security Deposit Withheld |
-1.5 |
- |
-0.2 |
- |
- |
|
Inc in Accrued Exp. |
37.4 |
-2.0 |
-9.4 |
-15.9 |
1.5 |
|
LT Account Payable |
- |
34.0 |
- |
0.0 |
- |
|
Inc in Tax Withheld |
23.9 |
1.4 |
4.2 |
10.8 |
15.4 |
|
Inc in Accrd Inc Tax |
2.1 |
-2.4 |
8.5 |
2.2 |
0.1 |
|
Unearned Income |
-1.4 |
-1.5 |
-2.2 |
0.1 |
0.0 |
|
Pymt of Retire Allow |
-38.8 |
-11.3 |
-21.9 |
-34.0 |
-28.8 |
|
Reserve-Severance & Retirement Benefit |
0.4 |
0.8 |
0.3 |
0.4 |
0.4 |
|
Inc-Dep for Ret Ins |
-28.9 |
-0.3 |
0.1 |
-6.0 |
-1.4 |
|
VAT Taxes Withheld |
0.3 |
0.5 |
- |
- |
- |
|
Dec in Natl Pension |
0.3 |
0.1 |
0.3 |
0.5 |
0.5 |
|
Overseas Business Translation Credit |
- |
- |
- |
-0.1 |
0.0 |
|
Dividend Received from Affiliates |
4.5 |
5.4 |
9.6 |
11.5 |
- |
|
Interest Income |
-1.3 |
- |
- |
- |
- |
|
Cash from Operating Activities |
667.7 |
-152.6 |
83.4 |
436.3 |
357.1 |
|
|
|
|
|
|
|
|
Dec in ST Loans |
58.6 |
14.5 |
7.5 |
- |
0.0 |
|
Dec-Securities avail for Sale |
50.3 |
1.3 |
- |
0.6 |
5.7 |
|
Dec-Securities held till Maturity |
- |
- |
- |
- |
0.0 |
|
Dividend Income, IP |
- |
- |
- |
- |
1.5 |
|
Dec-Securities under Equity Method |
- |
619.2 |
100.0 |
3.8 |
35.1 |
|
Dec-Curr Port Guar Deposits |
- |
- |
- |
- |
79.6 |
|
Dec-LT Account Rcvbl. |
- |
- |
- |
- |
0.5 |
|
Dec-LT Finl Asset |
- |
- |
1.4 |
0.0 |
0.0 |
|
Decrease-Derivatives Assets |
- |
4.3 |
212.9 |
- |
- |
|
Decrease in LT Loans |
34.6 |
0.0 |
0.1 |
0.2 |
2.2 |
|
Decrease-ST Financial Assets |
10.1 |
16.4 |
0.2 |
0.5 |
107.1 |
|
Dec-Guarantee Dep |
33.2 |
99.0 |
38.2 |
162.9 |
27.6 |
|
Disposal Mach./Equip |
0.0 |
- |
0.0 |
- |
0.0 |
|
Disposal-Airplanes |
10.8 |
151.4 |
72.2 |
- |
- |
|
Capital Reduc.-Sec.under Equity Method |
- |
- |
- |
13.9 |
- |
|
Disp-Leased Airplanes |
- |
- |
- |
- |
19.4 |
|
Disp-Airplane Parts |
12.9 |
0.1 |
- |
- |
0.7 |
|
Disposal Trans Equip |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase-Government Subsidy |
- |
- |
- |
0.2 |
- |
|
Disposal-Supplies |
0.0 |
- |
- |
0.1 |
- |
|
Disp Tools/Supplies |
0.0 |
0.0 |
1.1 |
0.1 |
0.0 |
|
Disp-Other Investment Assets |
- |
- |
- |
- |
0.1 |
|
Decrease-Membership Right |
- |
- |
0.0 |
1.5 |
- |
|
Decrease-Airplanes under Lease |
- |
- |
24.1 |
- |
- |
|
Decrease-Construction Contribution |
- |
- |
0.2 |
2.4 |
1.2 |
|
Disposal-Other Tangible Assets |
0.2 |
- |
19.2 |
- |
- |
|
Increase-ST Financial Assets |
-11.6 |
-11.2 |
-12.8 |
- |
- |
|
Increase-LT Financial Assets |
- |
0.0 |
0.0 |
- |
- |
|
Acq-Securities avail for Sale |
-34.9 |
-5.1 |
-1.4 |
-15.0 |
0.0 |
|
increase Derivatives Transaction |
-22.8 |
- |
- |
- |
- |
|
Acq-Securities under Equity Method |
-71.9 |
-5.4 |
-1,455.8 |
-54.9 |
-301.4 |
|
Increase-LT Loans |
-0.1 |
-31.3 |
- |
- |
- |
|
Increase in LT Loans |
-1.6 |
-144.3 |
-9.1 |
-0.1 |
-1.9 |
|
Inc in Guarant Depos |
-73.8 |
-189.2 |
-105.0 |
-147.8 |
-20.5 |
|
Decrease-Restricted Cash/Deposit |
8.6 |
- |
- |
- |
- |
|
Inc-MemberEnroll Rgt |
- |
- |
-1.2 |
-5.5 |
-0.5 |
|
Inc- LT Prepaid Exp |
- |
- |
- |
- |
-0.4 |
|
Incr-Other Investment Assets |
- |
- |
- |
- |
-1.1 |
|
Increase in Land |
- |
- |
0.0 |
-2.1 |
0.0 |
|
Increase-Landscape |
- |
- |
- |
- |
-0.4 |
|
Increase Buildings |
-0.1 |
- |
-0.5 |
-0.6 |
-1.0 |
|
Increae in Structure |
0.0 |
- |
-0.1 |
-0.2 |
-0.5 |
|
Purch. of Mach/Equip |
-0.2 |
-0.1 |
0.0 |
-0.5 |
-0.3 |
|
Acq. of Airplanes |
-24.5 |
-12.3 |
-9.9 |
-66.0 |
-11.4 |
|
Increase-Airplanes under Lease |
-37.1 |
-19.7 |
-25.7 |
-18.1 |
-15.9 |
|
Airplane under Lease after Sale |
- |
- |
- |
- |
-3.4 |
|
Acq of Airplane Part |
-40.2 |
-3.4 |
-4.7 |
-5.7 |
-4.3 |
|
Acq. of Trans Equip |
-1.3 |
-0.1 |
-0.5 |
-1.6 |
-0.7 |
|
Acq. in Tools/Suppl. |
-7.0 |
-3.4 |
-12.3 |
-12.9 |
-11.0 |
|
Acquis. of Fixtures |
-4.1 |
-3.6 |
-10.9 |
-7.2 |
-4.3 |
|
Acq-Other Tangible Assets |
-31.2 |
-41.5 |
-44.7 |
-18.3 |
-20.2 |
|
Increase-Heat Transporting Facility |
- |
- |
- |
0.0 |
-2.3 |
|
Inc. Const. In Prog |
-32.3 |
-10.2 |
-87.7 |
-56.1 |
-30.6 |
|
Increased Intangible |
-0.1 |
-0.1 |
-0.7 |
-5.3 |
-4.1 |
|
Increase-Other Intangible Assets |
- |
-0.1 |
- |
- |
- |
|
Increase-Software |
-0.7 |
-0.6 |
- |
- |
- |
|
Increase-Development Cost |
-0.1 |
- |
- |
- |
- |
|
Increase-Restricted Cash/Deposit |
-9.7 |
-7.8 |
- |
- |
- |
|
Increase-Derevatives in Assets |
- |
- |
- |
-9.7 |
-6.3 |
|
Disposal-ST Investment Assets |
4.3 |
- |
- |
- |
- |
|
Increase-ST Investment Assets |
-7.7 |
- |
- |
- |
- |
|
Cash from Investing Activities |
-189.1 |
416.8 |
-1,305.9 |
-241.5 |
-161.7 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
27.6 |
263.7 |
729.0 |
68.6 |
219.8 |
|
Increase in Bonds |
129.3 |
506.7 |
694.8 |
160.7 |
282.2 |
|
Capital Increase |
- |
- |
23.0 |
15.7 |
- |
|
Inc in LT Borrowings |
161.9 |
39.2 |
688.6 |
370.2 |
198.1 |
|
Increase-Asset-Backed Debt |
432.4 |
451.2 |
- |
- |
- |
|
Inc-Fund for Capital Participation |
- |
- |
- |
- |
2.4 |
|
Repay ST Borrowings |
-266.7 |
-289.2 |
-321.8 |
-244.8 |
-82.0 |
|
Repay Current Bonds |
- |
- |
- |
- |
-59.7 |
|
Dec in LT Borrowings |
-51.2 |
-580.7 |
-46.5 |
-51.2 |
-90.1 |
|
Redemption-Bond |
-424.7 |
-350.5 |
-336.1 |
-96.9 |
- |
|
Redemption-Lease Liabilities |
-162.0 |
-158.2 |
-186.6 |
-177.0 |
- |
|
Repay Curr LT Liabs |
- |
- |
- |
- |
-122.3 |
|
Repay Current Port. Leased Liab. |
- |
- |
- |
- |
-296.1 |
|
Redemp-Curr Port Liquation Liab. |
- |
- |
- |
- |
-208.4 |
|
Payment-Dividends |
-1.9 |
- |
-27.8 |
-32.8 |
-0.2 |
|
Decrease-Asset-Backed Debt |
-315.4 |
-102.5 |
-47.2 |
-139.2 |
-24.4 |
|
Premium-Redemption of Convertible Bond |
- |
-16.7 |
- |
- |
- |
|
Cash Inflow-Consol. Scope Change, FN |
14.0 |
-14.9 |
-8.9 |
0.3 |
3.1 |
|
Exercise-Subscription Right |
13.8 |
- |
- |
- |
- |
|
Cash from Financing Activities |
-442.8 |
-251.9 |
1,160.5 |
-126.2 |
-177.6 |
|
|
|
|
|
|
|
|
Net Change in Cash |
35.7 |
12.2 |
-62.0 |
68.5 |
17.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
84.9 |
64.7 |
137.1 |
94.0 |
73.7 |
|
Net Cash - Ending Balance |
120.7 |
76.9 |
75.0 |
162.6 |
91.5 |
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 |
Updated Normal |
Restated Normal |
Updated 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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
Revenue |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
Total Revenue |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
3,574.1 |
2,879.0 |
3,478.4 |
3,467.8 |
3,189.0 |
|
Cost of Revenue, Total |
3,574.1 |
2,879.0 |
3,478.4 |
3,467.8 |
3,189.0 |
|
Gross Profit |
1,073.3 |
323.8 |
561.3 |
709.2 |
629.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
392.2 |
506.5 |
601.2 |
404.1 |
385.9 |
|
Labor & Related Expense |
44.5 |
- |
- |
40.3 |
37.7 |
|
Advertising Expense |
50.8 |
- |
- |
48.5 |
45.8 |
|
Total Selling/General/Administrative Expenses |
487.5 |
506.5 |
601.2 |
492.9 |
469.4 |
|
Research & Development |
0.7 |
- |
- |
0.9 |
0.7 |
|
Depreciation |
9.4 |
- |
- |
5.9 |
5.2 |
|
Amortization of Intangibles |
3.3 |
- |
- |
4.9 |
4.8 |
|
Depreciation/Amortization |
12.7 |
- |
- |
10.8 |
10.0 |
|
Total Operating Expense |
4,075.0 |
3,385.5 |
4,079.7 |
3,972.5 |
3,669.1 |
|
|
|
|
|
|
|
|
Operating Income |
572.4 |
-182.7 |
-39.9 |
204.6 |
149.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-160.2 |
-157.4 |
-199.4 |
-134.3 |
-121.3 |
|
Interest Expense, Net Non-Operating |
-160.2 |
-157.4 |
-199.4 |
-134.3 |
-121.3 |
|
Interest Income - Non-Operating |
13.0 |
9.6 |
9.6 |
7.8 |
15.3 |
|
Investment Income -
Non-Operating |
-23.4 |
134.3 |
-23.7 |
61.0 |
80.8 |
|
Interest/Investment Income - Non-Operating |
-10.4 |
143.8 |
-14.0 |
68.8 |
96.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-170.7 |
-13.6 |
-213.4 |
-65.5 |
-25.2 |
|
Gain (Loss) on Sale of Assets |
-27.6 |
-21.3 |
8.3 |
-10.1 |
29.8 |
|
Other Non-Operating Income (Expense) |
-63.3 |
-92.5 |
7.6 |
-7.1 |
-4.0 |
|
Other, Net |
-63.3 |
-92.5 |
7.6 |
-7.1 |
-4.0 |
|
Income Before Tax |
310.8 |
-310.1 |
-237.4 |
121.9 |
150.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
119.9 |
-89.8 |
-29.7 |
12.5 |
13.3 |
|
Income After Tax |
190.9 |
-220.2 |
-207.8 |
109.3 |
136.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-4.5 |
2.7 |
13.8 |
5.9 |
0.7 |
|
Equity In Affiliates |
- |
- |
0.1 |
-0.2 |
- |
|
Net Income Before Extraord Items |
186.4 |
-217.6 |
-193.8 |
115.0 |
137.5 |
|
Discontinued Operations |
- |
10.3 |
-16.5 |
- |
- |
|
Total Extraord Items |
- |
10.3 |
-16.5 |
- |
- |
|
Net Income |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
186.4 |
-217.6 |
-193.8 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
175.9 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Basic EPS Excl Extraord Items |
1.06 |
-1.24 |
-1.11 |
0.66 |
0.79 |
|
Basic/Primary EPS Incl Extraord Items |
1.06 |
-1.18 |
-1.20 |
0.66 |
0.79 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
Diluted Weighted Average Shares |
182.0 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Diluted EPS Excl Extraord Items |
1.02 |
-1.24 |
-1.11 |
0.66 |
0.79 |
|
Diluted EPS Incl Extraord Items |
1.02 |
-1.18 |
-1.20 |
0.66 |
0.79 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.16 |
0.16 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
28.3 |
27.5 |
|
Interest Expense, Supplemental |
160.2 |
157.4 |
199.4 |
134.3 |
121.3 |
|
Interest Capitalized, Supplemental |
-1.9 |
-1.1 |
-6.2 |
-4.6 |
-3.3 |
|
Depreciation, Supplemental |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Total Special Items |
29.6 |
21.3 |
-8.2 |
10.5 |
-28.7 |
|
Normalized Income Before Tax |
340.4 |
-288.7 |
-245.7 |
132.3 |
121.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
10.7 |
7.5 |
-2.9 |
1.0 |
-2.6 |
|
Inc Tax Ex Impact of Sp Items |
130.6 |
-82.4 |
-32.6 |
13.6 |
10.7 |
|
Normalized Income After Tax |
209.8 |
-206.4 |
-213.1 |
118.7 |
110.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
205.3 |
-203.7 |
-199.2 |
124.4 |
111.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.17 |
-1.16 |
-1.14 |
0.71 |
0.64 |
|
Diluted Normalized EPS |
1.13 |
-1.16 |
-1.14 |
0.71 |
0.64 |
|
Amort of Acquisition Costs, Supplemental |
1.9 |
0.0 |
0.1 |
0.4 |
1.1 |
|
Amort of Intangibles, Supplemental |
2.5 |
2.0 |
8.7 |
9.9 |
8.8 |
|
Rental Expenses |
19.9 |
11.1 |
18.3 |
9.6 |
6.4 |
|
Advertising Expense, Supplemental |
50.8 |
43.4 |
46.4 |
31.4 |
45.8 |
|
Research & Development Exp, Supplemental |
0.7 |
0.7 |
0.8 |
0.9 |
0.7 |
|
Normalized EBIT |
572.4 |
-182.7 |
-39.9 |
204.6 |
149.5 |
|
Normalized EBITDA |
777.9 |
-17.4 |
210.0 |
476.3 |
392.7 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1083.436022 |
1120.28956 |
1164.000484 |
1145.278736 |
|
|
|
|
|
|
|
Net Sales |
1,266.4 |
1,167.9 |
1,106.2 |
1,068.9 |
|
Revenue |
1,266.4 |
1,167.9 |
1,106.2 |
1,068.9 |
|
Total Revenue |
1,266.4 |
1,167.9 |
1,106.2 |
1,068.9 |
|
|
|
|
|
|
|
Cost of Revenue |
1,077.2 |
947.1 |
836.8 |
825.2 |
|
Cost of Revenue, Total |
1,077.2 |
947.1 |
836.8 |
825.2 |
|
Gross Profit |
189.3 |
220.8 |
269.4 |
243.7 |
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
136.0 |
158.1 |
138.2 |
140.4 |
|
Total Selling/General/Administrative Expenses |
136.0 |
158.1 |
138.2 |
140.4 |
|
Other Operating Expense |
29.8 |
33.7 |
68.1 |
31.1 |
|
Other, Net |
-20.1 |
-32.8 |
-41.7 |
-50.3 |
|
Other Operating Expenses, Total |
9.7 |
0.9 |
26.4 |
-19.2 |
|
Total Operating Expense |
1,222.9 |
1,106.2 |
1,001.4 |
946.3 |
|
|
|
|
|
|
|
Operating Income |
43.5 |
61.7 |
104.8 |
122.5 |
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
- |
-35.4 |
- |
-49.7 |
|
Interest Expense, Net Non-Operating |
- |
-35.4 |
- |
-49.7 |
|
Interest Income -
Non-Operating |
- |
2.8 |
- |
3.2 |
|
Investment Income -
Non-Operating |
-11.0 |
25.8 |
-93.2 |
34.5 |
|
Interest/Investment Income - Non-Operating |
-11.0 |
28.6 |
-93.2 |
37.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
-11.0 |
-6.8 |
-93.2 |
-12.0 |
|
Income Before Tax |
32.5 |
54.9 |
11.6 |
110.5 |
|
|
|
|
|
|
|
Total Income Tax |
11.3 |
11.8 |
5.4 |
30.1 |
|
Income After Tax |
21.2 |
43.1 |
6.2 |
80.4 |
|
|
|
|
|
|
|
Minority Interest |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
|
Net Income Before Extraord Items |
21.0 |
42.9 |
5.9 |
80.1 |
|
Discontinued Operations |
- |
- |
-0.1 |
0.0 |
|
Total Extraord Items |
- |
- |
-0.1 |
0.0 |
|
Net Income |
21.0 |
42.9 |
5.9 |
80.1 |
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
21.0 |
42.9 |
5.9 |
80.1 |
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
21.0 |
42.9 |
5.9 |
80.1 |
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
179.1 |
178.8 |
175.2 |
175.2 |
|
Basic EPS Excl Extraord Items |
0.12 |
0.24 |
0.03 |
0.46 |
|
Basic/Primary EPS Incl Extraord Items |
0.12 |
0.24 |
0.03 |
0.46 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
21.0 |
42.9 |
5.9 |
80.1 |
|
Diluted Weighted Average Shares |
186.9 |
187.3 |
176.4 |
175.2 |
|
Diluted EPS Excl Extraord Items |
0.11 |
0.23 |
0.03 |
0.46 |
|
Diluted EPS Incl Extraord Items |
0.11 |
0.23 |
0.03 |
0.46 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
37.2 |
35.4 |
30.3 |
49.7 |
|
Depreciation, Supplemental |
56.8 |
55.6 |
49.9 |
49.5 |
|
Normalized Income Before Tax |
32.5 |
54.9 |
11.6 |
110.5 |
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
11.3 |
11.8 |
5.4 |
30.1 |
|
Normalized Income After Tax |
21.2 |
43.1 |
6.2 |
80.4 |
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
21.0 |
42.9 |
5.9 |
80.1 |
|
|
|
|
|
|
|
Basic Normalized EPS |
0.12 |
0.24 |
0.03 |
0.46 |
|
Diluted Normalized EPS |
0.11 |
0.23 |
0.03 |
0.46 |
|
Rental Expenses |
6.9 |
- |
4.8 |
- |
|
Advertising Expense, Supplemental |
9.3 |
- |
8.0 |
- |
|
Normalized EBIT |
43.5 |
61.7 |
104.8 |
122.5 |
|
Normalized EBITDA |
100.4 |
117.3 |
154.7 |
172.0 |
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
132.8 |
92.9 |
65.6 |
161.1 |
93.9 |
|
Short Term Investments |
39.6 |
32.1 |
31.0 |
1.8 |
14.5 |
|
Cash and Short Term Investments |
172.5 |
125.1 |
96.6 |
162.9 |
108.5 |
|
Accounts Receivable -
Trade, Gross |
417.2 |
369.6 |
272.9 |
343.5 |
302.1 |
|
Provision for Doubtful
Accounts |
-3.5 |
-3.6 |
-2.2 |
-2.9 |
-2.6 |
|
Trade Accounts Receivable - Net |
426.5 |
376.6 |
278.4 |
348.0 |
304.2 |
|
Other Receivables |
33.8 |
108.8 |
17.8 |
23.1 |
18.2 |
|
Total Receivables, Net |
460.3 |
485.4 |
296.2 |
371.1 |
322.4 |
|
Inventories - Finished Goods |
6.6 |
6.1 |
5.1 |
6.9 |
7.1 |
|
Inventories - Other |
185.4 |
144.1 |
126.9 |
134.7 |
110.9 |
|
Total Inventory |
192.0 |
150.2 |
132.0 |
141.6 |
118.0 |
|
Prepaid Expenses |
33.8 |
36.8 |
43.1 |
39.2 |
47.3 |
|
Deferred Income Tax - Current Asset |
26.2 |
34.0 |
56.0 |
24.5 |
31.9 |
|
Other Current Assets |
27.2 |
68.2 |
70.3 |
54.0 |
112.5 |
|
Other Current Assets, Total |
53.4 |
102.2 |
126.3 |
78.5 |
144.4 |
|
Total Current Assets |
911.9 |
899.6 |
694.2 |
793.3 |
740.6 |
|
|
|
|
|
|
|
|
Buildings |
229.0 |
105.6 |
97.6 |
103.7 |
145.0 |
|
Land/Improvements |
142.4 |
24.0 |
22.2 |
29.9 |
166.0 |
|
Machinery/Equipment |
911.7 |
834.4 |
1,455.4 |
1,720.9 |
1,417.0 |
|
Construction in
Progress |
22.9 |
28.4 |
30.7 |
61.7 |
59.5 |
|
Leases |
2,008.2 |
1,710.7 |
1,906.3 |
2,836.3 |
2,729.2 |
|
Other
Property/Plant/Equipment |
137.0 |
132.8 |
77.6 |
94.6 |
35.4 |
|
Property/Plant/Equipment - Gross |
3,451.1 |
2,835.9 |
3,589.8 |
4,847.1 |
4,552.2 |
|
Accumulated Depreciation |
-543.3 |
-360.9 |
-1,339.2 |
-1,829.0 |
-1,582.2 |
|
Property/Plant/Equipment - Net |
2,907.8 |
2,475.0 |
2,250.6 |
3,018.1 |
2,970.0 |
|
Goodwill, Net |
33.1 |
0.2 |
0.3 |
3.9 |
6.6 |
|
Intangibles, Net |
19.0 |
19.7 |
153.1 |
222.3 |
215.5 |
|
LT Investment - Affiliate Companies |
907.4 |
918.9 |
1,576.1 |
480.5 |
420.9 |
|
LT Investments - Other |
105.0 |
118.0 |
27.0 |
31.4 |
21.0 |
|
Long Term Investments |
1,012.5 |
1,036.9 |
1,603.1 |
511.9 |
441.9 |
|
Note Receivable - Long Term |
40.0 |
36.5 |
3.0 |
5.1 |
5.7 |
|
Deferred Income Tax - Long Term Asset |
14.8 |
85.3 |
51.0 |
60.9 |
65.0 |
|
Other Long Term Assets |
558.9 |
518.7 |
211.9 |
100.2 |
119.7 |
|
Other Long Term Assets, Total |
573.6 |
604.0 |
262.8 |
161.1 |
184.7 |
|
Total Assets |
5,497.9 |
5,072.0 |
4,967.1 |
4,715.6 |
4,564.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
182.4 |
144.2 |
136.8 |
156.6 |
119.8 |
|
Accrued Expenses |
157.1 |
90.5 |
84.7 |
114.1 |
119.9 |
|
Notes Payable/Short Term Debt |
336.2 |
598.7 |
386.4 |
80.2 |
293.3 |
|
Current Portion - Long Term Debt/Capital Leases |
1,160.9 |
917.6 |
993.5 |
631.1 |
320.1 |
|
Customer Advances |
277.4 |
225.4 |
192.2 |
176.5 |
150.4 |
|
Income Taxes Payable |
5.0 |
1.1 |
10.1 |
3.4 |
1.3 |
|
Other Payables |
235.7 |
214.0 |
193.0 |
225.6 |
171.3 |
|
Other Current Liabilities |
53.6 |
34.6 |
37.0 |
24.1 |
49.1 |
|
Other Current liabilities, Total |
571.7 |
475.1 |
432.2 |
429.6 |
372.1 |
|
Total Current Liabilities |
2,408.4 |
2,226.2 |
2,033.6 |
1,411.6 |
1,225.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,075.0 |
1,058.8 |
1,163.0 |
1,084.1 |
1,022.2 |
|
Capital Lease Obligations |
704.7 |
769.3 |
784.1 |
726.9 |
- |
|
Total Long Term Debt |
1,779.7 |
1,828.1 |
1,947.1 |
1,810.9 |
1,022.2 |
|
Total Debt |
3,276.8 |
3,344.4 |
3,326.9 |
2,522.2 |
1,635.6 |
|
|
|
|
|
|
|
|
Minority Interest |
36.7 |
17.2 |
13.0 |
29.1 |
46.7 |
|
Reserves |
81.7 |
61.1 |
54.7 |
64.7 |
55.1 |
|
Pension Benefits - Underfunded |
187.3 |
200.3 |
161.5 |
198.6 |
189.7 |
|
Other Long Term Liabilities |
116.1 |
110.6 |
134.2 |
17.8 |
932.8 |
|
Other Liabilities, Total |
385.1 |
372.1 |
350.4 |
281.1 |
1,177.6 |
|
Total Liabilities |
4,609.9 |
4,443.5 |
4,344.1 |
3,532.7 |
3,471.6 |
|
|
|
|
|
|
|
|
Common Stock |
786.1 |
752.2 |
695.4 |
935.7 |
941.8 |
|
Common Stock |
786.1 |
752.2 |
695.4 |
935.7 |
941.8 |
|
Additional Paid-In Capital |
1.0 |
1.0 |
- |
- |
- |
|
Retained Earnings (Accumulated Deficit) |
-57.8 |
-247.0 |
-18.4 |
250.6 |
165.3 |
|
Unrealized Gain (Loss) |
183.4 |
144.0 |
-35.0 |
7.1 |
-20.0 |
|
Translation Adjustment |
- |
- |
- |
- |
0.0 |
|
Other Equity |
-24.6 |
-21.6 |
-18.9 |
-10.5 |
6.2 |
|
Other Equity, Total |
-24.6 |
-21.6 |
-18.9 |
-10.5 |
6.2 |
|
Total Equity |
888.0 |
628.5 |
623.1 |
1,182.9 |
1,093.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
5,497.9 |
5,072.0 |
4,967.1 |
4,715.6 |
4,564.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
178.4 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Total Common Shares Outstanding |
178.4 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
8,580 |
8,139 |
8,303 |
8,200 |
7,767 |
|
Number of Common Shareholders |
60,618 |
65,133 |
73,094 |
57,375 |
38,363 |
|
Deferred Revenue - Current |
277.4 |
225.4 |
192.2 |
176.5 |
150.4 |
|
Total Long Term Debt, Supplemental |
1,879.4 |
1,758.0 |
2,207.4 |
716.4 |
1,187.2 |
|
Long Term Debt Maturing within 1 Year |
962.8 |
769.1 |
867.2 |
77.0 |
156.7 |
|
Long Term Debt Maturing in Year 2 |
492.8 |
422.3 |
330.5 |
273.0 |
455.2 |
|
Long Term Debt Maturing in Year 3 |
397.9 |
153.1 |
271.9 |
246.8 |
437.2 |
|
Long Term Debt Maturing in Year 4 |
- |
388.1 |
27.6 |
- |
67.1 |
|
Long Term Debt Maturing in 2-3 Years |
890.7 |
575.3 |
602.4 |
519.8 |
892.3 |
|
Long Term Debt Maturing in 4-5 Years |
- |
388.1 |
27.6 |
- |
67.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
26.0 |
25.5 |
710.2 |
119.5 |
71.1 |
|
Total Capital Leases, Supplemental |
915.2 |
921.2 |
911.3 |
939.7 |
869.5 |
|
Capital Lease Payments Due in Year 1 |
210.5 |
151.9 |
127.2 |
213.6 |
164.6 |
|
Capital Lease Payments Due in Year 2 |
101.3 |
118.5 |
105.7 |
100.2 |
200.9 |
|
Capital Lease Payments Due in Year 3 |
101.3 |
118.5 |
105.7 |
80.3 |
85.8 |
|
Capital Lease Payments Due in Year 4 |
101.3 |
118.5 |
105.7 |
81.6 |
62.8 |
|
Capital Lease Payments Due in Year 5 |
101.3 |
118.5 |
105.7 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
202.6 |
236.9 |
211.5 |
180.4 |
286.7 |
|
Capital Lease Payments Due in 4-5 Years |
202.6 |
236.9 |
211.5 |
81.6 |
62.8 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
299.5 |
295.4 |
361.2 |
464.1 |
355.4 |
|
Total Operating Leases, Supplemental |
1,813.5 |
1,664.5 |
1,264.8 |
1,336.2 |
1,937.0 |
|
Operating Lease Payments Due in Year 1 |
297.1 |
288.6 |
261.2 |
259.5 |
229.8 |
|
Operating Lease Payments Due in Year 2 |
251.8 |
220.3 |
179.4 |
238.8 |
216.2 |
|
Operating Lease Payments Due in Year 3 |
251.8 |
220.3 |
179.4 |
218.1 |
191.7 |
|
Operating Lease Payments Due in Year 4 |
251.8 |
220.3 |
179.4 |
170.7 |
180.1 |
|
Operating Lease Payments Due in Year 5 |
251.8 |
220.3 |
179.4 |
- |
559.6 |
|
Operating Lease Pymts. Due in 2-3 Years |
503.5 |
440.5 |
358.9 |
456.9 |
407.9 |
|
Operating Lease Pymts. Due in 4-5 Years |
503.5 |
440.5 |
358.9 |
170.7 |
739.7 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
509.3 |
494.9 |
285.7 |
449.1 |
559.6 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
|
Exchange Rate |
1067.65 |
1096.95 |
|
|
|
|
|
Cash & Equivalents |
158.8 |
153.5 |
|
Short Term Investments |
8.4 |
8.7 |
|
Cash and Short Term Investments |
167.2 |
162.2 |
|
Accounts Receivable -
Trade, Gross |
439.1 |
437.3 |
|
Provision for Doubtful
Accounts |
-0.8 |
- |
|
Trade Accounts Receivable - Net |
453.2 |
450.9 |
|
Other Receivables |
43.1 |
47.6 |
|
Total Receivables, Net |
496.3 |
498.5 |
|
Inventories - Finished Goods |
7.5 |
- |
|
Inventories - Other |
232.6 |
65.8 |
|
Total Inventory |
240.1 |
196.9 |
|
Prepaid Expenses |
36.5 |
47.3 |
|
Other Current Assets |
29.1 |
28.3 |
|
Other Current Assets, Total |
29.1 |
28.3 |
|
Total Current Assets |
969.3 |
933.2 |
|
|
|
|
|
Property/Plant/Equipment - Net |
2,859.7 |
2,753.2 |
|
Intangibles, Net |
21.8 |
21.8 |
|
LT Investment - Affiliate Companies |
128.1 |
127.0 |
|
LT Investments - Other |
191.1 |
219.1 |
|
Long Term Investments |
319.2 |
346.0 |
|
Note Receivable - Long Term |
42.6 |
40.3 |
|
Deferred Income Tax - Long Term Asset |
78.4 |
87.3 |
|
Other Long Term Assets |
1,490.2 |
1,489.2 |
|
Other Long Term Assets, Total |
1,568.6 |
1,576.4 |
|
Total Assets |
5,781.2 |
5,671.0 |
|
|
|
|
|
Accounts Payable |
184.0 |
165.7 |
|
Accrued Expenses |
177.4 |
154.8 |
|
Notes Payable/Short Term Debt |
161.3 |
266.9 |
|
Current Portion - Long Term Debt/Capital Leases |
1,344.7 |
1,574.9 |
|
Customer Advances |
323.9 |
302.3 |
|
Income Taxes Payable |
11.6 |
18.0 |
|
Other Payables |
286.0 |
267.7 |
|
Other Current Liabilities |
101.9 |
38.8 |
|
Other Current liabilities, Total |
723.4 |
626.8 |
|
Total Current Liabilities |
2,590.9 |
2,789.1 |
|
|
|
|
|
Long Term Debt |
1,040.8 |
698.2 |
|
Capital Lease Obligations |
663.5 |
690.4 |
|
Total Long Term Debt |
1,704.3 |
1,388.6 |
|
Total Debt |
3,210.4 |
3,230.4 |
|
|
|
|
|
Minority Interest |
2.8 |
2.5 |
|
Reserves |
41.1 |
50.0 |
|
Pension Benefits - Underfunded |
200.6 |
188.1 |
|
Other Long Term Liabilities |
347.4 |
394.2 |
|
Other Liabilities, Total |
589.1 |
632.3 |
|
Total Liabilities |
4,887.1 |
4,812.6 |
|
|
|
|
|
Common Stock |
842.7 |
815.6 |
|
Common Stock |
842.7 |
815.6 |
|
Additional Paid-In Capital |
1.0 |
1.0 |
|
Retained Earnings (Accumulated Deficit) |
99.3 |
75.9 |
|
Unrealized Gain (Loss) |
-22.5 |
- |
|
Translation Adjustment |
0.2 |
- |
|
Other Equity |
-26.7 |
-34.2 |
|
Other Equity, Total |
-26.4 |
-34.2 |
|
Total Equity |
894.1 |
858.4 |
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
5,781.2 |
5,671.0 |
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
179.9 |
178.9 |
|
Total Common Shares Outstanding |
179.9 |
178.9 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
|
Employees |
8,941 |
- |
|
Deferred Revenue - Current |
323.9 |
302.3 |
|
Deferred Revenue - Long Term |
2.6 |
2.6 |
|
Total Long Term Debt, Supplemental |
893.9 |
- |
|
Long Term Debt Maturing within 1 Year |
751.2 |
- |
|
Long Term Debt Maturing in Year 2 |
108.0 |
- |
|
Long Term Debt Maturing in Year 3 |
15.5 |
- |
|
Long Term Debt Maturing in 2-3 Years |
123.5 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
19.1 |
- |
|
Total Capital Leases, Supplemental |
817.8 |
- |
|
Capital Lease Payments Due in Year 1 |
154.3 |
- |
|
Capital Lease Payments Due in Year 2 |
100.4 |
- |
|
Capital Lease Payments Due in Year 3 |
100.4 |
- |
|
Capital Lease Payments Due in Year 4 |
100.4 |
- |
|
Capital Lease Payments Due in Year 5 |
100.4 |
- |
|
Capital Lease Payments Due in 2-3 Years |
200.9 |
- |
|
Capital Lease Payments Due in 4-5 Years |
200.9 |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
261.8 |
- |
|
Total Operating Leases, Supplemental |
2,139.3 |
- |
|
Operating Lease Payments Due in Year 1 |
312.3 |
- |
|
Operating Lease Payments Due in Year 2 |
296.6 |
- |
|
Operating Lease Payments Due in Year 3 |
296.6 |
- |
|
Operating Lease Payments Due in Year 4 |
296.6 |
- |
|
Operating Lease Payments Due in Year 5 |
296.6 |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
593.1 |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
593.1 |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
640.8 |
- |
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 |
Restated 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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
190.9 |
-209.9 |
-224.2 |
109.1 |
136.8 |
|
Depreciation |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Depreciation/Depletion |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Amortization of Intangibles |
4.5 |
2.1 |
8.8 |
10.3 |
9.8 |
|
Amortization |
4.5 |
2.1 |
8.8 |
10.3 |
9.8 |
|
Deferred Taxes |
110.7 |
-89.9 |
-35.6 |
6.7 |
11.9 |
|
Unusual Items |
27.2 |
-110.6 |
-48.4 |
-17.3 |
-6.6 |
|
Equity in Net Earnings (Loss) |
21.7 |
111.5 |
-21.6 |
-33.7 |
-14.4 |
|
Other Non-Cash Items |
94.0 |
-4.5 |
83.0 |
66.3 |
13.9 |
|
Non-Cash Items |
142.9 |
-3.6 |
12.9 |
15.3 |
-7.1 |
|
Accounts Receivable |
8.1 |
-69.7 |
6.3 |
-32.1 |
8.6 |
|
Inventories |
-37.9 |
-7.7 |
-32.0 |
-29.9 |
-24.4 |
|
Prepaid Expenses |
4.0 |
7.6 |
-15.9 |
7.8 |
-4.0 |
|
Other Assets |
-0.1 |
-0.6 |
- |
0.0 |
-0.2 |
|
Accounts Payable |
-5.1 |
39.1 |
68.2 |
112.2 |
3.1 |
|
Accrued Expenses |
37.4 |
-2.0 |
-9.4 |
-15.9 |
1.5 |
|
Taxes Payable |
26.3 |
-0.5 |
12.7 |
13.0 |
15.5 |
|
Other Liabilities |
-19.5 |
13.8 |
40.9 |
-33.2 |
-28.0 |
|
Other Operating Cash Flow |
4.5 |
5.4 |
9.6 |
11.5 |
- |
|
Changes in Working Capital |
17.7 |
-14.6 |
80.4 |
33.5 |
-27.7 |
|
Cash from Operating Activities |
667.7 |
-152.6 |
83.4 |
436.3 |
357.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-178.0 |
-94.4 |
-196.9 |
-189.3 |
-106.2 |
|
Purchase/Acquisition of Intangibles |
-0.9 |
-0.8 |
-2.0 |
-10.7 |
-4.6 |
|
Capital Expenditures |
-178.9 |
-95.2 |
-198.9 |
-200.1 |
-110.8 |
|
Sale of Fixed Assets |
24.1 |
151.5 |
116.6 |
0.1 |
20.1 |
|
Sale/Maturity of Investment |
64.8 |
641.2 |
314.4 |
18.8 |
148.0 |
|
Purchase of Investments |
-148.8 |
-21.6 |
-1,470.0 |
-79.6 |
-308.8 |
|
Sale of Intangible Assets |
- |
- |
0.0 |
1.5 |
- |
|
Other Investing Cash Flow |
49.8 |
-259.1 |
-68.1 |
17.8 |
89.8 |
|
Other Investing Cash Flow Items, Total |
-10.3 |
512.0 |
-1,107.0 |
-41.4 |
-50.9 |
|
Cash from Investing Activities |
-189.1 |
416.8 |
-1,305.9 |
-241.5 |
-161.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
14.0 |
-31.6 |
-8.9 |
0.3 |
-325.2 |
|
Financing Cash Flow Items |
14.0 |
-31.6 |
-8.9 |
0.3 |
-325.2 |
|
Total Cash Dividends Paid |
-1.9 |
- |
-27.8 |
-32.8 |
-0.2 |
|
Sale/Issuance of
Common |
- |
- |
23.0 |
15.7 |
- |
|
Common Stock, Net |
- |
- |
23.0 |
15.7 |
- |
|
Warrants Converted |
13.8 |
- |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
13.8 |
- |
23.0 |
15.7 |
- |
|
Short Term Debt Issued |
27.6 |
263.7 |
729.0 |
68.6 |
219.8 |
|
Short Term Debt
Reduction |
-266.7 |
-289.2 |
-321.8 |
-244.8 |
-437.8 |
|
Short Term Debt, Net |
-239.1 |
-25.5 |
407.2 |
-176.2 |
-218.0 |
|
Long Term Debt Issued |
723.6 |
997.1 |
1,383.4 |
530.9 |
480.3 |
|
Long Term Debt
Reduction |
-953.3 |
-1,191.8 |
-616.4 |
-464.2 |
-114.4 |
|
Long Term Debt, Net |
-229.6 |
-194.7 |
767.0 |
66.7 |
365.8 |
|
Issuance (Retirement) of Debt, Net |
-468.7 |
-220.3 |
1,174.2 |
-109.4 |
147.8 |
|
Cash from Financing Activities |
-442.8 |
-251.9 |
1,160.5 |
-126.2 |
-177.6 |
|
|
|
|
|
|
|
|
Net Change in Cash |
35.7 |
12.2 |
-62.0 |
68.5 |
17.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
84.9 |
64.7 |
137.1 |
94.0 |
73.7 |
|
Net Cash - Ending Balance |
120.7 |
76.9 |
75.0 |
162.6 |
91.5 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
6 Months |
3 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1101.856011 |
1120.28956 |
1155.056202 |
1145.278736 |
|
|
|
|
|
|
|
Net Income/Starting Line |
64.6 |
43.1 |
85.9 |
80.4 |
|
Depreciation |
112.4 |
55.6 |
99.3 |
49.5 |
|
Depreciation/Depletion |
112.4 |
55.6 |
99.3 |
49.5 |
|
Deferred Taxes |
- |
-8.4 |
- |
0.0 |
|
Unusual Items |
17.6 |
7.8 |
2.0 |
-8.4 |
|
Equity in Net Earnings (Loss) |
-2.0 |
- |
-11.9 |
- |
|
Other Non-Cash Items |
67.5 |
28.4 |
170.8 |
45.7 |
|
Non-Cash Items |
83.1 |
36.2 |
160.8 |
37.4 |
|
Accounts Receivable |
5.8 |
-12.0 |
-25.4 |
0.3 |
|
Inventories |
-36.1 |
0.7 |
-18.5 |
-1.5 |
|
Prepaid Expenses |
-1.5 |
-13.0 |
-0.2 |
-1.4 |
|
Other Assets |
-0.2 |
-0.1 |
-0.1 |
0.0 |
|
Accounts Payable |
12.7 |
-0.2 |
-5.2 |
27.0 |
|
Accrued Expenses |
-14.8 |
-20.3 |
8.0 |
-5.2 |
|
Taxes Payable |
30.5 |
23.5 |
12.4 |
0.6 |
|
Other Liabilities |
53.9 |
36.5 |
74.9 |
-4.6 |
|
Other Assets & Liabilities, Net |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Operating Cash Flow |
-79.2 |
-41.9 |
-78.8 |
-31.0 |
|
Changes in Working Capital |
-28.9 |
-26.7 |
-32.9 |
-15.8 |
|
Cash from Operating Activities |
231.2 |
99.8 |
313.2 |
151.4 |
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-109.7 |
-45.1 |
-73.9 |
-41.8 |
|
Purchase/Acquisition of Intangibles |
-0.1 |
-0.4 |
-0.5 |
-0.2 |
|
Capital Expenditures |
-109.8 |
-45.5 |
-74.4 |
-42.0 |
|
Sale of Fixed Assets |
33.9 |
37.1 |
2.6 |
0.1 |
|
Sale/Maturity of Investment |
0.0 |
- |
50.3 |
50.8 |
|
Investment, Net |
-0.1 |
-0.6 |
1.7 |
5.6 |
|
Purchase of Investments |
- |
- |
-105.0 |
-105.9 |
|
Sale of Intangible Assets |
0.0 |
0.0 |
- |
- |
|
Other Investing Cash Flow |
-40.0 |
-62.2 |
125.0 |
104.7 |
|
Other Investing Cash Flow Items, Total |
-6.2 |
-25.6 |
74.6 |
55.2 |
|
Cash from Investing Activities |
-116.0 |
-71.1 |
0.2 |
13.2 |
|
|
|
|
|
|
|
Total Cash Dividends Paid |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Sale/Issuance of
Common |
6.8 |
2.3 |
0.3 |
- |
|
Common Stock, Net |
6.8 |
2.3 |
0.3 |
- |
|
Issuance (Retirement) of Stock, Net |
6.8 |
2.3 |
0.3 |
- |
|
Short Term Debt Issued |
124.8 |
141.1 |
-209.2 |
27.4 |
|
Short Term Debt
Reduction |
-114.2 |
-56.4 |
-77.5 |
-32.5 |
|
Short Term Debt, Net |
10.7 |
84.7 |
-286.7 |
-5.1 |
|
Long Term Debt Issued |
430.2 |
54.6 |
396.9 |
27.9 |
|
Long Term Debt
Reduction |
-599.4 |
-207.5 |
-417.6 |
-238.0 |
|
Long Term Debt, Net |
-169.2 |
-152.9 |
-20.7 |
-210.1 |
|
Issuance (Retirement) of Debt, Net |
-158.5 |
-68.1 |
-307.4 |
-215.3 |
|
Cash from Financing Activities |
-151.9 |
-66.1 |
-307.3 |
-215.5 |
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.6 |
-0.3 |
1.5 |
0.5 |
|
Net Change in Cash |
-37.2 |
-37.6 |
7.6 |
-50.4 |
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
191.1 |
187.9 |
126.2 |
136.0 |
|
Net Cash - Ending Balance |
153.9 |
150.3 |
133.7 |
85.6 |
|
Cash Interest Paid |
75.1 |
40.8 |
82.7 |
33.7 |
|
Cash Taxes Paid |
6.5 |
2.3 |
0.9 |
0.3 |
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 |
Updated Normal |
Restated Normal |
Updated 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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Revenues |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
Total Revenue |
4,647.4 |
3,202.8 |
4,039.8 |
4,177.1 |
3,818.6 |
|
|
|
|
|
|
|
|
Cost of Revenues |
3,457.3 |
2,879.0 |
3,478.4 |
3,377.1 |
3,103.9 |
|
Salaries |
107.9 |
- |
- |
84.3 |
79.6 |
|
Wages |
8.9 |
- |
- |
6.5 |
5.5 |
|
Other Payrolls |
0.2 |
- |
- |
0.4 |
0.4 |
|
Transf-Retire Allow. |
13.6 |
- |
- |
11.0 |
10.9 |
|
Employee Benefits |
30.7 |
- |
- |
28.8 |
26.4 |
|
Educationing and Training |
1.5 |
- |
- |
4.9 |
6.4 |
|
Consignment Service Expense |
0.3 |
- |
- |
- |
- |
|
Uniform Expenses |
1.9 |
- |
- |
2.8 |
2.4 |
|
Repair & Maintenance |
0.9 |
- |
- |
1.1 |
1.2 |
|
Depreciation |
9.4 |
- |
- |
5.9 |
5.2 |
|
Amort-Intangibles |
3.3 |
- |
- |
4.9 |
4.8 |
|
Rent |
19.9 |
- |
- |
9.6 |
6.4 |
|
Insurance Expenses |
0.6 |
- |
- |
0.5 |
0.6 |
|
Vehicles Expenses |
3.4 |
- |
- |
0.3 |
2.9 |
|
Taxes |
8.6 |
- |
- |
8.7 |
9.5 |
|
Travel Expenses |
3.5 |
- |
- |
5.8 |
2.3 |
|
Communication Expenses |
0.9 |
- |
- |
3.9 |
7.8 |
|
Computing Expenses |
1.3 |
- |
- |
0.8 |
11.5 |
|
Miscellaneous Operating Expense |
0.3 |
- |
- |
0.5 |
0.9 |
|
Consumable Expenses |
1.0 |
- |
- |
0.9 |
0.8 |
|
Printing Expenses |
1.5 |
- |
- |
2.1 |
2.0 |
|
Utility Expenses |
4.2 |
- |
- |
5.1 |
5.0 |
|
Commissions Paid |
108.1 |
- |
- |
94.5 |
62.9 |
|
Employment Expense |
0.3 |
- |
- |
0.5 |
- |
|
Sales Commissions |
221.6 |
- |
- |
248.2 |
245.7 |
|
Amort-Bad Debts |
0.2 |
- |
- |
0.3 |
0.3 |
|
Shipping/Storage |
0.1 |
- |
- |
0.1 |
0.1 |
|
Mileage Reserve Exp. |
8.5 |
- |
- |
10.1 |
14.3 |
|
Advertising Expense |
21.2 |
- |
- |
31.4 |
30.2 |
|
Marketing Expense |
29.6 |
- |
- |
17.0 |
15.6 |
|
Research & Development |
0.7 |
- |
- |
0.9 |
0.7 |
|
Entertainment |
2.4 |
- |
- |
2.3 |
2.0 |
|
Conference/Activity |
1.0 |
- |
- |
0.9 |
0.8 |
|
Membership Management Expense |
- |
- |
- |
- |
0.0 |
|
Cost of Charity Events |
0.2 |
- |
- |
0.3 |
0.2 |
|
Ajustment |
0.0 |
- |
- |
- |
- |
|
Selling&General Administrative Expense |
- |
506.5 |
601.2 |
- |
- |
|
Total Operating Expense |
4,075.0 |
3,385.5 |
4,079.7 |
3,972.5 |
3,669.1 |
|
|
|
|
|
|
|
|
Interest Income |
13.0 |
9.6 |
9.6 |
7.8 |
15.3 |
|
Dividend Income |
0.5 |
1.7 |
0.6 |
0.0 |
0.4 |
|
G-For Exchange Translations |
71.8 |
95.7 |
112.8 |
36.1 |
64.8 |
|
G-For Currency Translation |
31.4 |
84.4 |
86.9 |
10.5 |
100.7 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
- |
0.2 |
- |
|
Recapture Doubt Acct |
11.8 |
0.0 |
0.2 |
- |
0.1 |
|
Gain-Disposal of Business |
- |
- |
7.6 |
- |
19.0 |
|
G-Reduction Loss of Sec. Avail-for-Sale |
- |
1.1 |
- |
- |
- |
|
G-Disp Secs avail. for Sale |
10.6 |
0.0 |
- |
- |
0.1 |
|
Gain Dispose Tangible Assets |
5.6 |
0.0 |
19.3 |
0.0 |
20.0 |
|
G-Value LT Debt |
- |
- |
- |
- |
0.4 |
|
Gain Int Rt Swap Val |
1.4 |
12.0 |
29.5 |
23.6 |
10.4 |
|
G Derivatives Trade |
0.3 |
43.5 |
219.2 |
24.1 |
11.0 |
|
Gain-Bond Redemption |
- |
- |
0.5 |
- |
- |
|
Gain-Disposal of Member Enrollment Right |
- |
- |
- |
1.0 |
- |
|
Recovery Taxes Paid |
- |
- |
- |
- |
0.0 |
|
Gain-Prior Period Error Correction |
- |
- |
- |
0.4 |
- |
|
Other Non-Op Income |
13.4 |
9.9 |
16.0 |
12.0 |
29.2 |
|
Interest Expense, Non-Operating |
-160.2 |
-157.4 |
-199.4 |
-134.3 |
-121.3 |
|
L-Foreign Exchange Transactions |
-67.5 |
-88.8 |
-197.4 |
-34.8 |
-46.1 |
|
L-Foreign Currency Translations |
-21.6 |
-23.9 |
-225.2 |
-21.7 |
-20.5 |
|
Loss-Disposal of Other LT Assets |
- |
- |
-0.2 |
- |
- |
|
Loss-Reduct. of Sec. Available-Sale |
- |
- |
-0.1 |
- |
- |
|
Loss-Redemption of Debentures |
0.0 |
-1.7 |
- |
- |
- |
|
Other Amortization |
0.0 |
-41.1 |
- |
-0.3 |
-1.2 |
|
Loss-Value LT Debt |
- |
- |
- |
-0.1 |
- |
|
Asset Liquidatn Cost |
-44.5 |
-19.1 |
-5.3 |
-12.8 |
-26.5 |
|
L-Investment Asset Disposal |
- |
- |
- |
- |
0.0 |
|
L-Dispose Securities avail for Sale |
- |
- |
- |
0.0 |
-0.1 |
|
Loss Disp Tang. Ast |
-33.2 |
-21.2 |
-18.5 |
-11.1 |
-9.1 |
|
Loss-Disposal of Intangible Assets |
- |
- |
0.0 |
- |
- |
|
Derivatives Trade L |
-6.2 |
- |
-7.2 |
-28.9 |
-19.2 |
|
L-Derivatives Valuation |
-12.3 |
-0.1 |
-97.0 |
-9.1 |
-30.8 |
|
Loss-Reduction of Intangible Assets |
- |
- |
-0.7 |
- |
- |
|
Loss-Disposal of Accounts Receivable |
0.0 |
-0.1 |
-0.1 |
- |
- |
|
Donations Paid |
-2.6 |
-1.6 |
-2.3 |
-4.8 |
-3.6 |
|
Loss-Valuation of inventory |
0.0 |
0.0 |
- |
- |
- |
|
Loss-Valuation of Tangible Assets |
- |
-22.2 |
- |
- |
- |
|
Other Commissions |
- |
- |
- |
0.0 |
0.0 |
|
Miscellaneous Non-Operating Expense |
-41.2 |
-40.6 |
-0.9 |
-1.7 |
-1.8 |
|
Gain-Disposal of Equity Method Sec. |
- |
145.8 |
16.7 |
27.6 |
- |
|
Gain under Equity Method |
4.7 |
3.5 |
44.4 |
34.9 |
14.7 |
|
Loss-Disposal of Equity Method Sec. |
-10.2 |
- |
-0.3 |
-0.1 |
-4.6 |
|
Loss under Equity Method |
-26.4 |
-71.5 |
-6.0 |
-1.1 |
-0.1 |
|
Loss-Reduction of Equity Method Sec. |
- |
-45.2 |
- |
-0.1 |
-0.1 |
|
Net Income Before Taxes |
310.8 |
-310.1 |
-237.4 |
121.9 |
150.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
119.9 |
-89.8 |
-29.7 |
12.5 |
13.3 |
|
Net Income After Taxes |
190.9 |
-220.2 |
-207.8 |
109.3 |
136.8 |
|
|
|
|
|
|
|
|
Minority Interest Loss |
-4.5 |
2.7 |
13.8 |
5.9 |
0.7 |
|
Earning Before Acquisition of Subsidiary |
- |
- |
0.1 |
-0.2 |
- |
|
Net Income Before Extra. Items |
186.4 |
-217.6 |
-193.8 |
115.0 |
137.5 |
|
Loss on Discontinued Operations |
- |
10.3 |
-16.5 |
- |
- |
|
Net Income |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
186.4 |
-217.6 |
-193.8 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
175.9 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.06 |
-1.24 |
-1.11 |
0.66 |
0.79 |
|
Basic EPS Including ExtraOrdinary Item |
1.06 |
-1.18 |
-1.20 |
0.66 |
0.79 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
186.4 |
-207.2 |
-210.4 |
115.0 |
137.5 |
|
Diluted Weighted Average Shares |
182.0 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Diluted EPS Excluding ExtraOrd Items |
1.02 |
-1.24 |
-1.11 |
0.66 |
0.79 |
|
Diluted EPS Including ExtraOrd Items |
1.02 |
-1.18 |
-1.20 |
0.66 |
0.79 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.16 |
0.16 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
28.3 |
27.5 |
|
Normalized Income Before Taxes |
340.4 |
-288.7 |
-245.7 |
132.3 |
121.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
130.6 |
-82.4 |
-32.6 |
13.6 |
10.7 |
|
Normalized Income After Taxes |
209.8 |
-206.4 |
-213.1 |
118.7 |
110.7 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
205.3 |
-203.7 |
-199.2 |
124.4 |
111.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.17 |
-1.16 |
-1.14 |
0.71 |
0.64 |
|
Diluted Normalized EPS |
1.13 |
-1.16 |
-1.14 |
0.71 |
0.64 |
|
R&D Expense, Supplemental |
0.7 |
0.7 |
0.8 |
0.9 |
0.7 |
|
Advertising Expense |
50.8 |
43.4 |
46.4 |
31.4 |
45.8 |
|
Rental Expense, Supplemental |
19.9 |
11.1 |
18.3 |
9.6 |
6.4 |
|
Interest Expense, Supplemental |
160.2 |
157.4 |
199.4 |
134.3 |
121.3 |
|
Interest Capitalized,Supplemental |
-1.9 |
-1.1 |
-6.2 |
-4.6 |
-3.3 |
|
Depreciation, Supplemental |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Amort of Intangibles, Supplemental |
2.5 |
2.0 |
8.7 |
9.9 |
8.8 |
|
Amort of Acquisition Cost |
1.9 |
0.0 |
0.1 |
0.4 |
1.1 |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1083.436022 |
1120.28956 |
1164.000484 |
1145.278736 |
|
|
|
|
|
|
|
Sales Revenue |
1,266.4 |
1,167.9 |
1,106.2 |
1,068.9 |
|
Total Revenue |
1,266.4 |
1,167.9 |
1,106.2 |
1,068.9 |
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
1,077.2 |
947.1 |
836.8 |
825.2 |
|
Selling and Administrative Expenses |
136.0 |
158.1 |
138.2 |
140.4 |
|
Other Operating Income |
-20.1 |
-32.8 |
-41.7 |
-50.3 |
|
Other Operating Expenses |
29.8 |
33.7 |
68.1 |
31.1 |
|
Total Operating Expense |
1,222.9 |
1,106.2 |
1,001.4 |
946.3 |
|
|
|
|
|
|
|
Gains on Valuation of Equity Method Secu |
1.1 |
4.1 |
7.3 |
5.7 |
|
Interest Income |
- |
2.8 |
- |
3.2 |
|
Gains on Foreign Currency Transactions |
- |
3.7 |
- |
3.6 |
|
Gains on Foreign Currency Translation |
- |
27.3 |
- |
29.9 |
|
Losses on Valuation of Equity Method Sec |
-1.2 |
-2.0 |
- |
-1.1 |
|
Interest Expenses |
- |
-35.4 |
- |
-49.7 |
|
Losses on Foreign Currency Transactions |
- |
-4.3 |
- |
-2.8 |
|
Losses on Foreign Currency Translation |
- |
-2.4 |
- |
-0.8 |
|
Other Finance Expense |
- |
-0.5 |
- |
- |
|
Finance Income |
30.2 |
- |
7.2 |
- |
|
Finance Expense |
-41.2 |
- |
-107.7 |
- |
|
Net Income Before Taxes |
32.5 |
54.9 |
11.6 |
110.5 |
|
|
|
|
|
|
|
Provision for Income Taxes |
11.3 |
11.8 |
5.4 |
30.1 |
|
Net Income After Taxes |
21.2 |
43.1 |
6.2 |
80.4 |
|
|
|
|
|
|
|
Minority Interest |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
|
Net Income Before Extra. Items |
21.0 |
42.9 |
5.9 |
80.1 |
|
Gain /Loss on Discontinued Operations |
- |
- |
-0.1 |
0.0 |
|
Net Income |
21.0 |
42.9 |
5.9 |
80.1 |
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
21.0 |
42.9 |
5.9 |
80.1 |
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
21.0 |
42.9 |
5.9 |
80.1 |
|
|
|
|
|
|
|
Basic Weighted Average Shares |
179.1 |
178.8 |
175.2 |
175.2 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.12 |
0.24 |
0.03 |
0.46 |
|
Basic EPS Including ExtraOrdinary Item |
0.12 |
0.24 |
0.03 |
0.46 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
21.0 |
42.9 |
5.9 |
80.1 |
|
Diluted Weighted Average Shares |
186.9 |
187.3 |
176.4 |
175.2 |
|
Diluted EPS Excluding ExtraOrd Items |
0.11 |
0.23 |
0.03 |
0.46 |
|
Diluted EPS Including ExtraOrd Items |
0.11 |
0.23 |
0.03 |
0.46 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
32.5 |
54.9 |
11.6 |
110.5 |
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
11.3 |
11.8 |
5.4 |
30.1 |
|
Normalized Income After Taxes |
21.2 |
43.1 |
6.2 |
80.4 |
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
21.0 |
42.9 |
5.9 |
80.1 |
|
|
|
|
|
|
|
Basic Normalized EPS |
0.12 |
0.24 |
0.03 |
0.46 |
|
Diluted Normalized EPS |
0.11 |
0.23 |
0.03 |
0.46 |
|
Interest Expense, Supplemental |
37.2 |
35.4 |
30.3 |
49.7 |
|
Depreciation |
56.8 |
55.6 |
49.9 |
49.5 |
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Equivalents |
133.0 |
93.3 |
65.6 |
161.1 |
93.9 |
|
Cash/Equivalents--Government Subsidy |
-0.1 |
-0.3 |
- |
- |
- |
|
ST Finl Assets |
31.8 |
27.9 |
31.0 |
1.8 |
14.0 |
|
Secs avail. for sale |
- |
- |
- |
- |
0.5 |
|
Trade Receivables |
417.2 |
369.6 |
272.9 |
343.5 |
302.1 |
|
Reserve-Doubtful Accounts |
-3.5 |
-3.6 |
-2.2 |
-2.9 |
-2.6 |
|
Other Rcvbl |
20.7 |
15.8 |
16.4 |
23.1 |
18.2 |
|
Accrued Income |
12.9 |
10.6 |
7.6 |
7.3 |
4.8 |
|
L-Disp. Deferred Tangible Assets Current |
27.1 |
26.5 |
14.4 |
- |
- |
|
Advance Payments |
69.2 |
55.2 |
49.6 |
48.3 |
29.8 |
|
Prepaid Expenses |
30.9 |
33.6 |
39.8 |
37.4 |
42.4 |
|
Prepaid Taxes |
2.9 |
3.2 |
3.4 |
1.9 |
4.9 |
|
ST Loans, Net |
13.1 |
93.0 |
1.5 |
0.0 |
0.0 |
|
ST Investment Assets |
7.8 |
4.3 |
- |
- |
- |
|
Current Guarantee Deposits |
0.1 |
41.6 |
38.5 |
44.5 |
106.0 |
|
Current Dfrd Taxes |
26.2 |
34.0 |
56.0 |
24.5 |
31.9 |
|
Derivatives |
- |
0.1 |
17.4 |
9.5 |
6.5 |
|
Merchandise |
6.6 |
6.1 |
5.1 |
6.9 |
7.1 |
|
Stored Goods |
116.2 |
88.9 |
77.3 |
85.1 |
75.4 |
|
Goods in Transit |
- |
- |
- |
- |
0.0 |
|
Other Inventories |
- |
- |
- |
1.2 |
5.7 |
|
Total Current Assets |
911.9 |
899.6 |
694.2 |
793.3 |
740.6 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.0 |
0.0 |
0.0 |
1.6 |
1.6 |
|
LT Loan |
38.1 |
34.4 |
0.2 |
0.4 |
0.5 |
|
Securities avail for Sale |
105.0 |
117.9 |
27.0 |
29.8 |
17.3 |
|
Securities under Equity Method |
907.4 |
918.9 |
1,576.1 |
480.5 |
420.9 |
|
LT Acct Rcvb Net |
2.0 |
2.1 |
2.7 |
4.6 |
5.2 |
|
Guarantee Dep. |
309.1 |
248.7 |
146.7 |
95.2 |
109.6 |
|
L-Disp. Deferred Tangible Assets |
249.8 |
269.9 |
61.2 |
- |
- |
|
Member.Enrol Rgt |
13.8 |
13.4 |
12.4 |
15.2 |
6.0 |
|
LT Prepaid Expen |
- |
- |
- |
- |
2.1 |
|
LA Defer Tax Dbt |
14.8 |
85.3 |
51.0 |
60.9 |
65.0 |
|
Int Rate Swap |
- |
0.0 |
3.9 |
5.0 |
8.0 |
|
Other Investment Assets |
- |
- |
- |
- |
2.1 |
|
Land |
142.4 |
24.0 |
22.2 |
29.9 |
159.1 |
|
Golf Course |
- |
- |
- |
- |
7.0 |
|
Landscaping |
- |
- |
- |
- |
16.1 |
|
Buildings |
221.7 |
98.5 |
91.1 |
93.6 |
115.8 |
|
Buildings Depre. |
-24.7 |
-16.6 |
-13.4 |
-18.2 |
-21.2 |
|
Structures |
7.2 |
7.1 |
6.5 |
10.1 |
29.3 |
|
Structure Depre. |
-1.4 |
-1.2 |
-1.0 |
-2.0 |
-13.2 |
|
Machinery/Equip. |
32.6 |
31.7 |
34.4 |
48.9 |
48.4 |
|
Mach/Equip Depre |
-23.0 |
-20.6 |
-17.9 |
-23.7 |
-22.7 |
|
Airplanes |
511.0 |
483.5 |
1,131.5 |
1,290.5 |
1,023.7 |
|
Depr.- Airplanes |
-74.8 |
-30.1 |
-602.7 |
-627.0 |
-452.7 |
|
Airplanes under Lease |
2,008.2 |
1,710.7 |
1,906.3 |
2,835.6 |
2,729.2 |
|
Industrial Property Right |
0.2 |
0.2 |
0.2 |
0.3 |
- |
|
Depr- Vehicles & Transportation Equip. |
- |
- |
- |
-0.7 |
- |
|
Leased Vehicles & Transportation Equip. |
- |
- |
- |
0.8 |
- |
|
Airplanes under Leases-Depreciation |
-157.7 |
-60.3 |
-537.0 |
-928.5 |
-898.6 |
|
Airplane Parts |
149.3 |
119.9 |
109.1 |
160.1 |
153.4 |
|
Dep Airplane Prt |
-58.9 |
-55.1 |
-47.5 |
-65.9 |
-57.8 |
|
Transport Equip. |
12.8 |
11.4 |
10.5 |
13.8 |
14.1 |
|
Transport Deprec |
-10.8 |
-10.3 |
-9.1 |
-12.0 |
-12.8 |
|
Tools/Equipments |
155.8 |
144.1 |
131.0 |
167.2 |
141.1 |
|
Tool/Equip Depr. |
-76.8 |
-68.8 |
-54.0 |
-74.6 |
-65.8 |
|
Fixtures |
50.2 |
43.8 |
37.2 |
38.0 |
33.5 |
|
Construction in Progress |
22.9 |
28.4 |
30.7 |
61.7 |
- |
|
Deprec. Fixtures |
-34.8 |
-28.0 |
-21.3 |
-24.3 |
-22.9 |
|
Heat Transporting Facilities |
- |
- |
3.3 |
4.4 |
4.4 |
|
Hear Transporting Facility-Depreciation |
- |
- |
-0.6 |
-0.6 |
-0.6 |
|
Heat Transporting Facility-Contribution |
- |
- |
-1.5 |
-2.0 |
-1.6 |
|
Other Tangibles |
137.0 |
132.8 |
77.6 |
94.6 |
35.4 |
|
Depr-Other Tangibles |
-80.5 |
-70.1 |
-35.0 |
-51.5 |
-13.8 |
|
Construction |
- |
- |
- |
- |
43.4 |
|
Goodwill |
33.1 |
0.2 |
0.3 |
7.7 |
6.6 |
|
Brand Rights |
- |
- |
- |
- |
0.3 |
|
Negative Goodwill |
- |
- |
- |
-3.9 |
- |
|
Software, Intangible |
2.3 |
2.4 |
2.5 |
5.5 |
- |
|
Facility Use Rgt |
1.9 |
2.9 |
3.6 |
6.1 |
7.3 |
|
Other Intangible |
- |
- |
0.0 |
7.3 |
4.0 |
|
Usage Right-Technology |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Operating Rights |
- |
- |
134.1 |
187.8 |
197.8 |
|
Development Cost |
0.6 |
0.7 |
0.2 |
- |
- |
|
Total Assets |
5,497.9 |
5,072.0 |
4,967.1 |
4,715.6 |
4,564.9 |
|
|
|
|
|
|
|
|
Trade Payables |
182.4 |
144.2 |
136.8 |
156.6 |
119.8 |
|
ST Borrowings |
27.1 |
367.1 |
373.2 |
25.0 |
200.8 |
|
Customer Advance |
274.4 |
222.5 |
187.8 |
170.6 |
144.6 |
|
Unearned Income |
3.0 |
2.9 |
4.3 |
5.9 |
5.9 |
|
Deposit Withheld |
25.4 |
17.8 |
10.1 |
17.4 |
11.7 |
|
Accounts Payable |
235.8 |
214.1 |
193.0 |
225.6 |
171.3 |
|
Discount for Present Value,curr |
-0.1 |
-0.1 |
- |
- |
- |
|
Asset-Backed Debts, Current |
309.1 |
231.6 |
13.1 |
55.2 |
92.5 |
|
Discount on Debentures Issuance, Current |
-3.4 |
-3.4 |
- |
- |
- |
|
Accrued Expenses |
84.3 |
43.7 |
43.3 |
63.0 |
78.4 |
|
Inc. Taxes Pay. |
5.0 |
1.1 |
10.1 |
3.4 |
1.3 |
|
Taxes Withheld |
72.8 |
46.8 |
41.5 |
51.1 |
41.5 |
|
Current Bonds |
377.8 |
420.8 |
182.5 |
341.6 |
106.4 |
|
Discount on Bond Issuance, current bond |
-1.0 |
-0.5 |
- |
- |
- |
|
Current LT Liab. |
581.6 |
348.8 |
683.8 |
76.0 |
49.1 |
|
Current Port. Lse Liab. |
210.5 |
151.9 |
127.2 |
213.6 |
164.6 |
|
Derivatives in Liabilities, Current |
19.2 |
16.8 |
26.8 |
6.7 |
37.4 |
|
Subscription Warrant Adjustment |
-4.5 |
- |
- |
- |
- |
|
Premium-Redemption |
9.0 |
- |
- |
- |
- |
|
Total Current Liabilities |
2,408.4 |
2,226.2 |
2,033.6 |
1,411.6 |
1,225.1 |
|
|
|
|
|
|
|
|
Bonds |
439.4 |
668.7 |
711.5 |
410.2 |
611.8 |
|
Premiums-Redemption of Bond |
119.3 |
125.1 |
- |
- |
- |
|
Discount on Debentures Issuance |
-61.6 |
-84.8 |
- |
- |
- |
|
Subscription Warrant Adjustment-Bond |
- |
-7.7 |
- |
- |
- |
|
LT Borrowings |
357.9 |
195.2 |
451.5 |
656.5 |
410.4 |
|
Asset-Backed Debts |
221.9 |
165.8 |
- |
17.3 |
- |
|
Discount on Asset-Backed Debts Issuance |
-1.9 |
-3.5 |
- |
- |
- |
|
Lease Liabilities |
704.7 |
769.3 |
784.1 |
726.9 |
- |
|
Total Long Term Debt |
1,779.7 |
1,828.1 |
1,947.1 |
1,810.9 |
1,022.2 |
|
|
|
|
|
|
|
|
LL Int Rate Swap |
66.1 |
72.3 |
128.0 |
6.2 |
14.8 |
|
LT Accounts Pay |
42.1 |
42.1 |
0.6 |
1.3 |
1.9 |
|
Present Value Discount for LT Accounts P |
-7.8 |
-7.7 |
- |
- |
- |
|
Security Deposits, Long Term |
0.8 |
- |
0.0 |
0.3 |
125.5 |
|
Lease Guarantee |
12.2 |
- |
- |
- |
0.1 |
|
Lease Liab. |
- |
- |
- |
- |
706.7 |
|
Assets Guaranteed |
- |
- |
- |
- |
71.2 |
|
Retire Reserve |
- |
- |
- |
- |
215.2 |
|
Deposits for Retirement Insurance |
- |
- |
- |
- |
-22.3 |
|
Reserve for National Pension |
- |
- |
- |
- |
-3.1 |
|
Reserve-Severance and Retirement Benefit |
241.8 |
224.7 |
161.5 |
198.6 |
- |
|
Deposit-Retirement Insurance |
-53.0 |
-22.6 |
- |
- |
- |
|
Transfer to National Pension Fund |
-1.5 |
-1.7 |
- |
- |
- |
|
Res Mileage Prog |
71.4 |
61.1 |
54.7 |
64.7 |
55.1 |
|
LT Unearned Incm |
2.6 |
4.0 |
5.5 |
10.0 |
12.6 |
|
Minority Interest |
36.7 |
17.2 |
13.0 |
29.1 |
46.7 |
|
Long-term Provision for Other Estimated |
10.3 |
- |
- |
- |
- |
|
Total Liabilities |
4,609.9 |
4,443.5 |
4,344.1 |
3,532.7 |
3,471.6 |
|
|
|
|
|
|
|
|
Voluntary Reserve |
13.5 |
13.2 |
12.2 |
16.4 |
- |
|
Legal Reserve |
4.6 |
4.5 |
4.2 |
2.8 |
- |
|
Common Stock |
786.1 |
752.2 |
695.4 |
935.7 |
941.8 |
|
Retained Earnings |
-75.9 |
-264.7 |
-34.7 |
231.5 |
165.3 |
|
Other Capital Adjustment |
-24.6 |
-21.6 |
-19.7 |
-13.6 |
- |
|
L-Valuation Securities avail for Sale |
7.8 |
15.4 |
2.8 |
0.4 |
0.0 |
|
L-Valuation Securities under Equity Meth |
-136.0 |
-178.0 |
-44.0 |
-1.2 |
-15.8 |
|
L-Val Int Swap |
- |
- |
0.5 |
1.3 |
-13.2 |
|
Oversea Op Trans |
- |
- |
- |
- |
0.0 |
|
Capital PV Adj |
- |
- |
0.8 |
3.1 |
6.2 |
|
Capital Change under Equity Method |
- |
3.0 |
5.7 |
6.6 |
9.1 |
|
Consideration for Stock Warrants |
0.8 |
1.0 |
- |
- |
- |
|
Discounts on Stock Issuance |
- |
0.0 |
- |
- |
- |
|
Gain-Valuation of Tangible Assets |
311.5 |
303.6 |
- |
- |
- |
|
Paid-in Capital in Excess of Par |
0.2 |
- |
- |
- |
- |
|
Total Equity |
888.0 |
628.5 |
623.1 |
1,182.9 |
1,093.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
5,497.9 |
5,072.0 |
4,967.1 |
4,715.6 |
4,564.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
178.4 |
175.2 |
175.2 |
175.2 |
175.2 |
|
Total Common Shares Outstanding |
178.4 |
175.2 |
175.2 |
175.2 |
175.2 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
277.4 |
225.4 |
192.2 |
176.5 |
150.4 |
|
Full-Time Employees |
8,580 |
8,139 |
8,303 |
8,200 |
7,767 |
|
Number of Common Shareholders |
60,618 |
65,133 |
73,094 |
57,375 |
38,363 |
|
LT Debt 1 yr |
962.8 |
769.1 |
867.2 |
77.0 |
156.7 |
|
LT Debt 2 yrs |
492.8 |
422.3 |
330.5 |
273.0 |
455.2 |
|
LT Debt 3 yrs |
397.9 |
153.1 |
271.9 |
246.8 |
437.2 |
|
LT Debt 4 yrs |
- |
388.1 |
27.6 |
- |
67.1 |
|
LT Debt thereafter |
26.0 |
25.5 |
710.2 |
119.5 |
71.1 |
|
Total Long Term Debt, Supplemental |
1,879.4 |
1,758.0 |
2,207.4 |
716.4 |
1,187.2 |
|
Capital Lse 1 yr |
210.5 |
151.9 |
127.2 |
213.6 |
164.6 |
|
Capital Lse 2 yrs |
- |
- |
- |
100.2 |
200.9 |
|
Capital Lse 3 yrs |
- |
- |
- |
80.3 |
85.8 |
|
Capital Lse 4 yrs |
- |
- |
- |
81.6 |
62.8 |
|
Capital Lse 5 yrs |
405.2 |
473.8 |
422.9 |
- |
- |
|
Capital Lease - Remaining Maturities |
299.5 |
295.4 |
361.2 |
464.1 |
355.4 |
|
Total Capital Leases |
915.2 |
921.2 |
911.3 |
939.7 |
869.5 |
|
Operating Lse 1 yr |
297.1 |
288.6 |
261.2 |
259.5 |
229.8 |
|
Operating Lse 2 yrs |
- |
- |
- |
238.8 |
216.2 |
|
Operating Lse 3 yrs |
- |
- |
- |
218.1 |
191.7 |
|
Operating Lse 4 yrs |
- |
- |
- |
170.7 |
180.1 |
|
Operating Lse 5 yrs |
1,007.0 |
881.0 |
717.8 |
- |
559.6 |
|
Operating Lse thereafter |
509.3 |
494.9 |
285.7 |
449.1 |
559.6 |
|
Total Operating Leases |
1,813.5 |
1,664.5 |
1,264.8 |
1,336.2 |
1,937.0 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
|
Exchange Rate |
1067.65 |
1096.95 |
|
|
|
|
|
Cash and Cash Equivalents |
158.8 |
153.5 |
|
Short-term Financial Instruments |
8.4 |
8.7 |
|
Trade Receivable |
438.3 |
437.3 |
|
Other Receivables |
28.9 |
35.9 |
|
Accrued Income |
14.9 |
13.6 |
|
Short-term Loans |
14.3 |
11.7 |
|
Advance Payments |
104.8 |
65.8 |
|
Prepaid Expenses Total |
34.3 |
44.2 |
|
Inventories |
135.4 |
131.1 |
|
Prepaid Income Taxes |
2.2 |
3.0 |
|
Loss on Disposal of Deffered Tangible As |
28.9 |
28.1 |
|
Other Current Assets |
0.3 |
0.2 |
|
Total Current Assets |
969.3 |
933.2 |
|
|
|
|
|
Long-term Financial Instruments |
0.0 |
0.0 |
|
LT Available-for-Sale Financial Assets |
191.1 |
199.8 |
|
Investment in Affiliates |
128.1 |
127.0 |
|
Long-term Loans |
42.6 |
40.3 |
|
Deposits Provided |
350.5 |
372.9 |
|
Loss on Disposal of Deffered Non-Current |
251.2 |
251.5 |
|
Deferred Income Taxes Assets |
78.4 |
87.3 |
|
Property, Plant and Equipment |
2,859.7 |
2,753.2 |
|
Investment in Properties |
- |
19.2 |
|
Intangible Assets |
21.8 |
21.8 |
|
Other Non-current Assets |
2.0 |
1.9 |
|
Non-Current Assets Held for Sale |
886.6 |
862.9 |
|
Total Assets |
5,781.2 |
5,671.0 |
|
|
|
|
|
Trade Payable |
184.0 |
165.7 |
|
Short-term Borrowings |
161.3 |
266.9 |
|
Advance for Customers |
321.4 |
299.3 |
|
Unearned Income |
2.6 |
3.0 |
|
Withholdings |
27.3 |
25.2 |
|
Other Payables |
286.0 |
267.7 |
|
Accrued Expenses |
68.9 |
64.6 |
|
Income Taxes Payable |
11.6 |
18.0 |
|
Taxes Withheld |
108.5 |
90.2 |
|
Current Portion of Bonds |
439.3 |
667.7 |
|
Current Portion of Long-term Debt |
751.2 |
728.7 |
|
Current Portion of Capital Leases |
154.3 |
178.5 |
|
Derivatives in Current Liabilities |
74.6 |
13.6 |
|
Total Current Liabilities |
2,590.9 |
2,789.1 |
|
|
|
|
|
Bonds |
898.1 |
565.6 |
|
Long-term Borrowings |
142.7 |
132.6 |
|
Capital Leased Liabilities Current |
663.5 |
690.4 |
|
Total Long Term Debt |
1,704.3 |
1,388.6 |
|
|
|
|
|
Derivatives in Current Liabilities |
1.5 |
62.7 |
|
Provisions for Retirement and Severance |
200.6 |
188.1 |
|
Long-term Advances from Customers |
300.4 |
290.0 |
|
LT Unearned Income |
2.6 |
2.6 |
|
Long-term Other Payables |
28.3 |
35.2 |
|
LT Provisions |
41.1 |
50.0 |
|
Other Long-term Liabilities |
14.6 |
3.7 |
|
Minority Interest |
2.8 |
2.5 |
|
Total Liabilities |
4,887.1 |
4,812.6 |
|
|
|
|
|
Capital Stock |
842.7 |
815.6 |
|
Capital Surplus, Total |
1.0 |
1.0 |
|
Accumulated Other Comprehensive Income |
-22.3 |
-8.2 |
|
Capital Adjustments |
-26.7 |
-26.0 |
|
Retained Earnings, Total |
99.3 |
75.9 |
|
Total Equity |
894.1 |
858.4 |
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
5,781.2 |
5,671.0 |
|
|
|
|
|
S/O-Common Stock |
179.9 |
178.9 |
|
Total Common Shares Outstanding |
179.9 |
178.9 |
|
T/S-Common Stock |
0.0 |
0.0 |
|
LT Deferred Revenue |
2.6 |
2.6 |
|
Deferred Revenue, Current |
323.9 |
302.3 |
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 |
Restated 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 |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
190.9 |
-209.9 |
-224.2 |
109.1 |
136.8 |
|
Depreciation |
201.0 |
163.2 |
241.1 |
261.4 |
233.4 |
|
Prov. Doubtful Act |
0.2 |
1.3 |
0.3 |
0.3 |
0.3 |
|
Other Amortization |
0.0 |
41.1 |
- |
0.3 |
1.2 |
|
Retirement Allowance |
49.0 |
34.8 |
37.2 |
50.7 |
49.2 |
|
Amortization-Intangible Assets |
4.5 |
2.1 |
8.8 |
10.3 |
9.8 |
|
Amort-Subscription Warrant Adjustment |
3.2 |
2.0 |
- |
- |
- |
|
Loss-Redemption of Bond |
0.0 |
1.7 |
- |
- |
- |
|
Loss-Valuation of Inventory |
0.0 |
0.0 |
- |
- |
- |
|
L-For Exchange Translations |
20.6 |
21.5 |
223.4 |
20.9 |
17.1 |
|
Loss-Disposal of Trade Receivable |
0.0 |
0.1 |
0.1 |
- |
- |
|
Loss-Reduct. of Sec. Available-for-Sale |
- |
- |
0.1 |
- |
- |
|
L-Disp Securities avail for Sale |
- |
- |
- |
0.0 |
0.1 |
|
Loss-Valuation of Tangible Assets |
- |
22.2 |
- |
- |
- |
|
Amortization of Present Value Discount-A |
2.7 |
1.7 |
- |
- |
- |
|
Valuation of Equity |
26.4 |
71.5 |
2.0 |
1.1 |
0.1 |
|
Loss-Reduct. of Sec. under Equity Method |
- |
45.2 |
- |
0.1 |
0.1 |
|
Loss-Disposal of Sec under Equity Method |
10.2 |
0.1 |
0.3 |
0.1 |
4.6 |
|
Loss-Derivatives Transaction |
6.2 |
- |
7.2 |
28.9 |
19.2 |
|
L-Derivatives Valuation |
12.3 |
0.1 |
97.0 |
9.1 |
30.8 |
|
Loss-Disposal of Other Assets |
- |
- |
0.2 |
- |
- |
|
Disp Tang Asst Loss |
33.2 |
21.2 |
18.5 |
11.1 |
9.1 |
|
Loss-Disposal of Intangible Assets |
- |
- |
0.0 |
- |
- |
|
Loss-Reduction of Intangible Assets |
- |
- |
0.7 |
- |
- |
|
Amort-Court Receivership Liability |
1.7 |
2.2 |
0.5 |
1.5 |
4.6 |
|
Loss-Valuation of Lease Liabilities |
- |
- |
- |
0.1 |
- |
|
Others |
- |
- |
4.1 |
- |
- |
|
Donations |
- |
- |
- |
1.3 |
- |
|
Amort. of Discount |
25.0 |
26.0 |
31.3 |
1.0 |
1.0 |
|
Amortization-LT Prepaid Expense |
- |
- |
- |
2.1 |
0.5 |
|
Provision-Mileage Program |
8.5 |
1.7 |
7.6 |
10.1 |
14.3 |
|
Miscellaneous Loss |
11.0 |
- |
- |
- |
- |
|
Reverse-Doubtful Account |
-11.8 |
0.0 |
-0.2 |
- |
-0.1 |
|
Gain-Disposal of Business Division |
- |
- |
-7.6 |
- |
- |
|
Gain-Prior Period Error Correction |
- |
- |
- |
-0.4 |
- |
|
Gain-Disposal of Membership Right |
- |
- |
- |
-1.0 |
- |
|
G-For Exchange Translations |
-29.2 |
-81.5 |
-76.1 |
-9.1 |
-100.3 |
|
Gain-Disp. of Securities/Equity Method |
- |
-154.8 |
-41.3 |
-27.6 |
- |
|
Gain-Disposal of Other Assets |
- |
- |
-0.2 |
- |
- |
|
G-Disp Secs avial. for Sale |
-10.6 |
0.0 |
- |
- |
-0.1 |
|
Recovery-Sec. Avail-for-Sale Reduction |
- |
-1.1 |
- |
- |
- |
|
Equity Earnings |
-4.7 |
-5.1 |
-23.6 |
-34.9 |
-14.7 |
|
G-Disp LT Debt |
- |
- |
- |
- |
-0.4 |
|
Val Gain-Int Rt Swap |
-1.4 |
-12.0 |
-29.5 |
-23.6 |
-10.4 |
|
Gain-Derivatives Transaction |
-0.3 |
-43.5 |
-219.2 |
-24.1 |
-11.0 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
- |
-0.2 |
- |
|
Gain-Redemption of Bond |
- |
- |
-0.5 |
- |
- |
|
Miscellaneous Gain |
-2.7 |
- |
- |
- |
- |
|
Gain Disp Tang. Ast |
-5.6 |
0.0 |
-19.3 |
0.0 |
-20.0 |
|
Amort LT Unearned Income |
- |
- |
- |
-2.6 |
-2.5 |
|
Recovery-Inventory Valuation Loss |
- |
- |
-0.1 |
- |
- |
|
Corporate Tax Refundable |
0.0 |
- |
- |
- |
- |
|
Trade Rcvbl. |
13.7 |
-69.1 |
-1.7 |
-29.4 |
-0.9 |
|
Decrease Acct Rcvbl |
-3.9 |
1.5 |
10.0 |
0.0 |
8.3 |
|
LT Account Receivable |
0.2 |
0.1 |
0.5 |
-0.1 |
- |
|
Inc in Accrued Inc |
-1.9 |
-2.1 |
-2.4 |
-2.6 |
1.2 |
|
Security Deposit |
- |
- |
- |
0.0 |
-0.2 |
|
Guarantee Deposit |
-0.1 |
-0.6 |
- |
- |
- |
|
Dec Advanced Payment |
-13.0 |
-1.4 |
-15.5 |
-19.2 |
-12.7 |
|
Inc in Prepaid Exp |
3.5 |
7.9 |
-13.9 |
4.8 |
-3.1 |
|
Dec in Prepaid Tax |
0.5 |
-0.3 |
-2.1 |
3.0 |
-0.9 |
|
Dec Deferred Tax Assets |
110.7 |
-89.9 |
-35.6 |
6.7 |
11.9 |
|
Inventories |
-24.8 |
-6.3 |
-16.6 |
-10.6 |
-11.7 |
|
Trade Payables |
28.3 |
7.4 |
31.0 |
61.1 |
19.2 |
|
A/L Inc Acc't Pay. |
-33.4 |
-2.4 |
37.2 |
51.1 |
-16.1 |
|
Inc in Advances Rcvd |
44.0 |
18.2 |
69.7 |
0.4 |
8.2 |
|
Inc in Deposit Rcvd |
6.4 |
7.7 |
-5.2 |
5.5 |
-6.8 |
|
Security Deposit Withheld |
-1.5 |
- |
-0.2 |
- |
- |
|
Inc in Accrued Exp. |
37.4 |
-2.0 |
-9.4 |
-15.9 |
1.5 |
|
LT Account Payable |
- |
34.0 |
- |
0.0 |
- |
|
Inc in Tax Withheld |
23.9 |
1.4 |
4.2 |
10.8 |
15.4 |
|
Inc in Accrd Inc Tax |
2.1 |
-2.4 |
8.5 |
2.2 |
0.1 |
|
Unearned Income |
-1.4 |
-1.5 |
-2.2 |
0.1 |
0.0 |
|
Pymt of Retire Allow |
-38.8 |
-11.3 |
-21.9 |
-34.0 |
-28.8 |
|
Reserve-Severance & Retirement Benefit |
0.4 |
0.8 |
0.3 |
0.4 |
0.4 |
|
Inc-Dep for Ret Ins |
-28.9 |
-0.3 |
0.1 |
-6.0 |
-1.4 |
|
VAT Taxes Withheld |
0.3 |
0.5 |
- |
- |
- |
|
Dec in Natl Pension |
0.3 |
0.1 |
0.3 |
0.5 |
0.5 |
|
Overseas Business Translation Credit |
- |
- |
- |
-0.1 |
0.0 |
|
Dividend Received from Affiliates |
4.5 |
5.4 |
9.6 |
11.5 |
- |
|
Interest Income |
-1.3 |
- |
- |
- |
- |
|
Cash from Operating Activities |
667.7 |
-152.6 |
83.4 |
436.3 |
357.1 |
|
|
|
|
|
|
|
|
Dec in ST Loans |
58.6 |
14.5 |
7.5 |
- |
0.0 |
|
Dec-Securities avail for Sale |
50.3 |
1.3 |
- |
0.6 |
5.7 |
|
Dec-Securities held till Maturity |
- |
- |
- |
- |
0.0 |
|
Dividend Income, IP |
- |
- |
- |
- |
1.5 |
|
Dec-Securities under Equity Method |
- |
619.2 |
100.0 |
3.8 |
35.1 |
|
Dec-Curr Port Guar Deposits |
- |
- |
- |
- |
79.6 |
|
Dec-LT Account Rcvbl. |
- |
- |
- |
- |
0.5 |
|
Dec-LT Finl Asset |
- |
- |
1.4 |
0.0 |
0.0 |
|
Decrease-Derivatives Assets |
- |
4.3 |
212.9 |
- |
- |
|
Decrease in LT Loans |
34.6 |
0.0 |
0.1 |
0.2 |
2.2 |
|
Decrease-ST Financial Assets |
10.1 |
16.4 |
0.2 |
0.5 |
107.1 |
|
Dec-Guarantee Dep |
33.2 |
99.0 |
38.2 |
162.9 |
27.6 |
|
Disposal Mach./Equip |
0.0 |
- |
0.0 |
- |
0.0 |
|
Disposal-Airplanes |
10.8 |
151.4 |
72.2 |
- |
- |
|
Capital Reduc.-Sec.under Equity Method |
- |
- |
- |
13.9 |
- |
|
Disp-Leased Airplanes |
- |
- |
- |
- |
19.4 |
|
Disp-Airplane Parts |
12.9 |
0.1 |
- |
- |
0.7 |
|
Disposal Trans Equip |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase-Government Subsidy |
- |
- |
- |
0.2 |
- |
|
Disposal-Supplies |
0.0 |
- |
- |
0.1 |
- |
|
Disp Tools/Supplies |
0.0 |
0.0 |
1.1 |
0.1 |
0.0 |
|
Disp-Other Investment Assets |
- |
- |
- |
- |
0.1 |
|
Decrease-Membership Right |
- |
- |
0.0 |
1.5 |
- |
|
Decrease-Airplanes under Lease |
- |
- |
24.1 |
- |
- |
|
Decrease-Construction Contribution |
- |
- |
0.2 |
2.4 |
1.2 |
|
Disposal-Other Tangible Assets |
0.2 |
- |
19.2 |
- |
- |
|
Increase-ST Financial Assets |
-11.6 |
-11.2 |
-12.8 |
- |
- |
|
Increase-LT Financial Assets |
- |
0.0 |
0.0 |
- |
- |
|
Acq-Securities avail for Sale |
-34.9 |
-5.1 |
-1.4 |
-15.0 |
0.0 |
|
increase Derivatives Transaction |
-22.8 |
- |
- |
- |
- |
|
Acq-Securities under Equity Method |
-71.9 |
-5.4 |
-1,455.8 |
-54.9 |
-301.4 |
|
Increase-LT Loans |
-0.1 |
-31.3 |
- |
- |
- |
|
Increase in LT Loans |
-1.6 |
-144.3 |
-9.1 |
-0.1 |
-1.9 |
|
Inc in Guarant Depos |
-73.8 |
-189.2 |
-105.0 |
-147.8 |
-20.5 |
|
Decrease-Restricted Cash/Deposit |
8.6 |
- |
- |
- |
- |
|
Inc-MemberEnroll Rgt |
- |
- |
-1.2 |
-5.5 |
-0.5 |
|
Inc- LT Prepaid Exp |
- |
- |
- |
- |
-0.4 |
|
Incr-Other Investment Assets |
- |
- |
- |
- |
-1.1 |
|
Increase in Land |
- |
- |
0.0 |
-2.1 |
0.0 |
|
Increase-Landscape |
- |
- |
- |
- |
-0.4 |
|
Increase Buildings |
-0.1 |
- |
-0.5 |
-0.6 |
-1.0 |
|
Increae in Structure |
0.0 |
- |
-0.1 |
-0.2 |
-0.5 |
|
Purch. of Mach/Equip |
-0.2 |
-0.1 |
0.0 |
-0.5 |
-0.3 |
|
Acq. of Airplanes |
-24.5 |
-12.3 |
-9.9 |
-66.0 |
-11.4 |
|
Increase-Airplanes under Lease |
-37.1 |
-19.7 |
-25.7 |
-18.1 |
-15.9 |
|
Airplane under Lease after Sale |
- |
- |
- |
- |
-3.4 |
|
Acq of Airplane Part |
-40.2 |
-3.4 |
-4.7 |
-5.7 |
-4.3 |
|
Acq. of Trans Equip |
-1.3 |
-0.1 |
-0.5 |
-1.6 |
-0.7 |
|
Acq. in Tools/Suppl. |
-7.0 |
-3.4 |
-12.3 |
-12.9 |
-11.0 |
|
Acquis. of Fixtures |
-4.1 |
-3.6 |
-10.9 |
-7.2 |
-4.3 |
|
Acq-Other Tangible Assets |
-31.2 |
-41.5 |
-44.7 |
-18.3 |
-20.2 |
|
Increase-Heat Transporting Facility |
- |
- |
- |
0.0 |
-2.3 |
|
Inc. Const. In Prog |
-32.3 |
-10.2 |
-87.7 |
-56.1 |
-30.6 |
|
Increased Intangible |
-0.1 |
-0.1 |
-0.7 |
-5.3 |
-4.1 |
|
Increase-Other Intangible Assets |
- |
-0.1 |
- |
- |
- |
|
Increase-Software |
-0.7 |
-0.6 |
- |
- |
- |
|
Increase-Development Cost |
-0.1 |
- |
- |
- |
- |
|
Increase-Restricted Cash/Deposit |
-9.7 |
-7.8 |
- |
- |
- |
|
Increase-Derevatives in Assets |
- |
- |
- |
-9.7 |
-6.3 |
|
Disposal-ST Investment Assets |
4.3 |
- |
- |
- |
- |
|
Increase-ST Investment Assets |
-7.7 |
- |
- |
- |
- |
|
Cash from Investing Activities |
-189.1 |
416.8 |
-1,305.9 |
-241.5 |
-161.7 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
27.6 |
263.7 |
729.0 |
68.6 |
219.8 |
|
Increase in Bonds |
129.3 |
506.7 |
694.8 |
160.7 |
282.2 |
|
Capital Increase |
- |
- |
23.0 |
15.7 |
- |
|
Inc in LT Borrowings |
161.9 |
39.2 |
688.6 |
370.2 |
198.1 |
|
Increase-Asset-Backed Debt |
432.4 |
451.2 |
- |
- |
- |
|
Inc-Fund for Capital Participation |
- |
- |
- |
- |
2.4 |
|
Repay ST Borrowings |
-266.7 |
-289.2 |
-321.8 |
-244.8 |
-82.0 |
|
Repay Current Bonds |
- |
- |
- |
- |
-59.7 |
|
Dec in LT Borrowings |
-51.2 |
-580.7 |
-46.5 |
-51.2 |
-90.1 |
|
Redemption-Bond |
-424.7 |
-350.5 |
-336.1 |
-96.9 |
- |
|
Redemption-Lease Liabilities |
-162.0 |
-158.2 |
-186.6 |
-177.0 |
- |
|
Repay Curr LT Liabs |
- |
- |
- |
- |
-122.3 |
|
Repay Current Port. Leased Liab. |
- |
- |
- |
- |
-296.1 |
|
Redemp-Curr Port Liquation Liab. |
- |
- |
- |
- |
-208.4 |
|
Payment-Dividends |
-1.9 |
- |
-27.8 |
-32.8 |
-0.2 |
|
Decrease-Asset-Backed Debt |
-315.4 |
-102.5 |
-47.2 |
-139.2 |
-24.4 |
|
Premium-Redemption of Convertible Bond |
- |
-16.7 |
- |
- |
- |
|
Cash Inflow-Consol. Scope Change, FN |
14.0 |
-14.9 |
-8.9 |
0.3 |
3.1 |
|
Exercise-Subscription Right |
13.8 |
- |
- |
- |
- |
|
Cash from Financing Activities |
-442.8 |
-251.9 |
1,160.5 |
-126.2 |
-177.6 |
|
|
|
|
|
|
|
|
Net Change in Cash |
35.7 |
12.2 |
-62.0 |
68.5 |
17.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
84.9 |
64.7 |
137.1 |
94.0 |
73.7 |
|
Net Cash - Ending Balance |
120.7 |
76.9 |
75.0 |
162.6 |
91.5 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
6 Months |
3 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1101.856011 |
1120.28956 |
1155.056202 |
1145.278736 |
|
|
|
|
|
|
|
Net Income |
64.6 |
43.1 |
85.9 |
80.4 |
|
Depreciation |
112.4 |
55.6 |
99.3 |
49.5 |
|
Corporate Taxes |
23.2 |
11.8 |
35.3 |
30.1 |
|
Interest Income |
-5.9 |
-2.8 |
-5.5 |
-3.2 |
|
Interest Expenses |
72.5 |
35.4 |
79.9 |
49.7 |
|
Retirement and Severance Benefits |
24.7 |
12.2 |
21.2 |
10.4 |
|
Expenses of Allowance for Doubtful Accou |
0.0 |
0.0 |
0.2 |
0.4 |
|
Losses on Sale of Property, Plant and Eq |
20.1 |
12.6 |
15.2 |
6.9 |
|
Losses on Foreign Currency Translation |
18.0 |
12.7 |
66.5 |
14.8 |
|
Loss-Valuation/Reduction of Inventory |
0.3 |
- |
- |
- |
|
Gains on Valuations of Derivatives |
-2.0 |
-5.2 |
- |
-2.5 |
|
Gain-Derivatives Transaction |
-0.9 |
-0.5 |
-0.3 |
0.0 |
|
Reversal of Allowance for Doubtful Accou |
-0.1 |
0.0 |
-10.2 |
-10.3 |
|
Gains on Sale of Investment Assets |
- |
- |
- |
-10.8 |
|
Losses on Disposition of Investment Asse |
- |
4.2 |
- |
- |
|
Gain-Valuation of Investment Assets |
- |
-4.1 |
- |
-5.7 |
|
Loss-Valuation of Investment Assets |
- |
2.0 |
- |
1.1 |
|
Gains on Sale of Property, Plant and Equ |
-7.7 |
-7.5 |
-2.6 |
0.0 |
|
Gains on Foreign Currency Translation |
-55.8 |
-34.0 |
-27.7 |
-40.2 |
|
Loss on Property, Plant and Equipment |
0.6 |
- |
- |
- |
|
Gains on Sale of Available for Sale Secu |
- |
- |
-10.7 |
- |
|
Losses on Valuation of Derivatives |
0.0 |
- |
13.6 |
2.4 |
|
Loss-Derivatives Transaction |
- |
- |
0.8 |
0.6 |
|
Recovery of Provisions-Financial Guarant |
-0.4 |
-0.1 |
-1.0 |
-0.8 |
|
Losses on Redemption of Bonds |
0.5 |
0.5 |
- |
- |
|
Loss-Sale of Investment in Affiliates |
4.3 |
- |
- |
- |
|
Adjustment of cash flow from operating a |
- |
0.0 |
0.0 |
0.0 |
|
Decrease or Increase in Trade Receivable |
11.8 |
1.2 |
-7.4 |
14.0 |
|
Decrease or Increase in Advance Payments |
-30.9 |
5.0 |
-10.4 |
2.8 |
|
Decrease or Increase in Inventories |
-5.3 |
-4.3 |
-8.1 |
-4.3 |
|
Other Current Assets |
-0.2 |
-0.1 |
-0.1 |
0.0 |
|
Decrease or Increase in Other Receivable |
-6.1 |
-13.2 |
-18.0 |
-13.7 |
|
Decrease or Increase in Accrued Revenues |
0.0 |
0.0 |
0.0 |
0.0 |
|
Decrease or Increase in Prepaid Expenses |
-2.2 |
-12.7 |
0.1 |
-0.6 |
|
Prepaid Taxes |
0.7 |
-0.3 |
-0.2 |
-0.8 |
|
Decrease or Increase in Deferred Income |
- |
-8.4 |
- |
0.0 |
|
Other Non-Current Assets |
0.1 |
0.1 |
0.1 |
0.1 |
|
Increase or Decrease in Trade Payables |
-10.4 |
-22.4 |
-0.8 |
32.3 |
|
Miscellaneous Loss-Other Payables |
- |
- |
0.6 |
- |
|
Miscellaneous Gain-Other LT Payables |
- |
- |
-2.7 |
- |
|
Increase or Decrease in Advances from Cu |
53.5 |
37.5 |
69.5 |
3.2 |
|
Increase or Decrease in Withholdings |
2.2 |
0.3 |
5.5 |
-8.3 |
|
Increase or Decrease in Accrued Expenses |
-14.8 |
-20.3 |
8.0 |
-5.2 |
|
Increase or Decrease in Unearned Income |
-0.8 |
-0.2 |
-1.7 |
-0.7 |
|
Increase or Decrease in Income Taxes Pay |
- |
8.6 |
- |
- |
|
Taxes Withheld |
30.5 |
14.9 |
12.4 |
0.6 |
|
Other Current Liabilities |
- |
- |
3.0 |
1.6 |
|
Increase or Decrease in Other Payables |
23.1 |
22.2 |
-4.3 |
-5.3 |
|
Decrease-Other Provisions |
- |
- |
17.9 |
- |
|
Payment for Retirement and Severance Ben |
-13.3 |
-7.9 |
-20.5 |
-8.4 |
|
Other Non-current Liabilities |
-0.9 |
-1.0 |
-1.3 |
-0.3 |
|
Adjustment for Operating Assets & Liabil |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash-Interest Received |
2.4 |
1.2 |
4.8 |
3.0 |
|
Cash-Interest Paid |
-75.1 |
-40.8 |
-82.7 |
-33.7 |
|
Dividend Income, ON |
6.9 |
6.8 |
2.7 |
2.8 |
|
Cash-Tax Paid |
-6.5 |
-2.3 |
-0.9 |
-0.3 |
|
Gains on Valuation of Equity Method Secu |
-5.3 |
- |
-12.4 |
- |
|
Losses on Valuation of Equity Method Sec |
3.2 |
- |
0.5 |
- |
|
Cash from Operating Activities |
231.2 |
99.8 |
313.2 |
151.4 |
|
|
|
|
|
|
|
Purchase of Short-term Financial Instrum |
-0.1 |
-0.6 |
1.7 |
5.6 |
|
Purchase of Available for sale Securitie |
- |
- |
-33.0 |
-33.3 |
|
Proceeds from Sale of Available for sale |
0.0 |
- |
50.3 |
50.8 |
|
Purchase of Investment in Affiliates |
- |
- |
-72.0 |
-72.6 |
|
Decrease-Loans |
- |
1.7 |
- |
71.8 |
|
Proceeds from Sale of Property, Plant an |
33.9 |
37.1 |
2.6 |
0.1 |
|
Purchase of Property, Plant and Equipmen |
-109.7 |
-45.1 |
-73.9 |
-41.8 |
|
Decrease-Intangible Assets |
0.0 |
0.0 |
- |
- |
|
Purchase of Intangible Assets |
-0.1 |
-0.4 |
-0.5 |
-0.2 |
|
Decrease in Deposits Provided |
63.0 |
-67.1 |
42.0 |
-4.0 |
|
Increase in Deposits Provided |
-91.4 |
9.2 |
-9.3 |
42.3 |
|
Deduction from Other Investing Activitie |
-11.2 |
-6.0 |
-13.5 |
-5.5 |
|
Consol. Scope Change |
0.0 |
0.0 |
- |
- |
|
Decrease in Short-term Loans |
1.8 |
- |
58.6 |
- |
|
Increase in Short-term Loans |
-2.1 |
- |
- |
- |
|
Decrease in Long-term Loans |
- |
- |
34.6 |
- |
|
Increase in Long-term Loans |
0.0 |
- |
- |
- |
|
Additions from Other Investing Activitie |
- |
- |
3.9 |
- |
|
Decrease in Restricted Cash and Cash Equ |
- |
- |
8.7 |
- |
|
Cash from Investing Activities |
-116.0 |
-71.1 |
0.2 |
13.2 |
|
|
|
|
|
|
|
Proceeds from Short-term Borrowings |
- |
141.1 |
- |
27.4 |
|
Proceeds from Long-term Borrowings |
68.7 |
54.6 |
138.5 |
27.9 |
|
Proceeds from Issuance of Bonds |
361.5 |
- |
258.4 |
- |
|
Dec-Current Portion of LT Borrowings |
- |
- |
-43.9 |
-44.3 |
|
Decrease-Current Portion of Bond |
-599.4 |
-207.5 |
-373.7 |
-193.7 |
|
Decrease-ST Capital Lease |
-114.2 |
-56.4 |
-77.5 |
-32.5 |
|
Payments in Dividends |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Capital Increase |
6.8 |
2.3 |
0.3 |
- |
|
Short-term Borrowings |
124.8 |
- |
-209.2 |
- |
|
Cash from Financing Activities |
-151.9 |
-66.1 |
-307.3 |
-215.5 |
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.6 |
-0.3 |
1.5 |
0.5 |
|
Net Change in Cash |
-37.2 |
-37.6 |
7.6 |
-50.4 |
|
|
|
|
|
|
|
Cash and Cash Equivalent at Beginning |
191.1 |
187.9 |
126.2 |
136.0 |
|
Cash and Cash Equivalent at End |
153.9 |
150.3 |
133.7 |
85.6 |
|
Cash Interest Paid |
75.1 |
40.8 |
82.7 |
33.7 |
|
Cash Taxes Paid |
6.5 |
2.3 |
0.9 |
0.3 |
Business Segments
Financials in: As Reported (mil)
|
Annual |
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segments
Financials in: As Reported (mil)
|
Interim |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
UK Pound |
1 |
Rs.80.30 |
|
Euro |
1 |
Rs.68.79 |
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.