MIRA INFORM REPORT
|
Report Date : |
06.09.2011 |
|
|
|
|
Tel. No.: |
91 22 2681 8692 |
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Fax No.: |
91 22 2826 4453 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL PLASTIC CO LTD |
|
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|
|
Registered Office : |
834 Wonsi-Dong, Danwon-Gu, Ahnsahn, Gyeonggi-Do, 425-852 |
|
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|
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Country : |
South Korea |
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|
|
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
29.05.1965 |
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Legal Form : |
Public Independent |
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Line of Business : |
Provision of synthetic resin products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Korea |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name & address
National Plastic Co Ltd
834 Wonsi-Dong
Danwon-Gu
Ahnsahn, Gyeonggi-Do, 425-852
Korea, Republic of
Tel: 82-31-3618614
Fax: 82-31-4954283
Web: www.npc.co.kr
synthesis
Employees: 227
Company Type: Public Independent
Traded:
Korea Stock Exchange: 004250
Incorporation Date:
29-May-1965
Auditor: Suhil Accounting Corp.
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: South
Korean Won
Annual Sales: 288.6
1
Net Income: 13.4
Total Assets: 346.6 2
Market Value: 93.6
(26-Aug-2011)
Business Description
NPC, formerly
National Plastic Co., Ltd, is a Korea-based manufacturer mainly engaged in the
provision of synthetic resin products. The Company's offerings consist of
containers, including beverage and drink containers and industrial containers;
pallets, including reversible pallets, non-reversible pallets, top frame
pallets, collapsible pallets, flooring pallets and others; chairs and desks,
including garden chairs, stadium seats, lecture chairs and desks, benches and
accessories; clean systems, including waste bins and containers for recycled
materials and waste disposals, as well as win boards, which are sheet products
for the construction of fish hatchery tanks. The Company changed its name to
NPC on April 15, 2011. For the fiscal year ended 31 December 2010, NPC's
revenues increased 20% to W333.67B. The Company's net income applicable to
common stock increased 72% to W15.22B. Revenues reflect increased demand for
synthetic resin finished goods in domestic market. Net income also benefited
from increased dividend income, increased gain under equity method, decreased
bad debt expense and the inclusion of recovery of loan loss reserve.
Industry
Industry Fabricated Plastic and Rubber
ANZSIC 2006: 1919 - Other
Polymer Product Manufacturing
NACE 2002: 2524 - Manufacture
of other plastic products
NAICS 2002: 326199 - All Other
Plastics Product Manufacturing
UK SIC 2003: 2524 - Manufacture
of other plastic products
US SIC 1987: 3089 - Plastics
Products, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Du Sik Park |
Vice Chairman of the Board, Chief
Executive Officer |
|
Gyu Cheol Choi |
Internal Auditor |
|
Doo Sik Park |
Chief Executive Officer |
|
Chang Young Yang |
Finance Director |
|
Chang Seop Park |
Vice President-Operations |
Significant Developments
|
* number of
significant developments within the last 12 months
Financial Summary
|
Stock Snapshot
|
|
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
834 Wonsi-Dong
Danwon-Gu
Ahnsahn, Gyeonggi-Do, 425-852
Korea, Republic of
Tel: 82-31-3618614
Fax: 82-31-4954283
Web: www.npc.co.kr
Quote Symbol - Exchange
004250 - Korea
Stock Exchange
Sales KRW(mil): 333,663.3
Assets KRW(mil): 393,383.8
Employees: 227
Fiscal Year End: 31-Dec-2010
Industry: Fabricated Plastic and Rubber
Incorporation Date: 29-May-1965
Company Type: Public Independent
Quoted Status: Quoted
Vice Chairman of the
Board,
Chief Executive Officer: Du Sik
Park
Company Web Links
Home Page
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2599 - Other Manufacturing Not Elsewhere Classified
1919 - Other Polymer Product Manufacturing
1911 - Polymer Film and Sheet Packaging Material Manufacturing
2519 - Other Furniture Manufacturing
NACE 2002 Codes:
3663 - Other manufacturing not elsewhere classified
3614 - Manufacture of other furniture
2521 - Manufacture of plastic plates, sheets, tubes and profiles
2524 - Manufacture of other plastic products
NAICS 2002 Codes:
337125 - Household Furniture (except Wood and Metal) Manufacturing
326113 - Unlaminated Plastics Film and Sheet (except Packaging)
Manufacturing
326199 - All Other Plastics Product Manufacturing
337127 - Institutional Furniture Manufacturing
339999 - All Other Miscellaneous Manufacturing
US SIC 1987:
2519 - Household Furniture, Not Elsewhere Classified
3999 - Manufacturing Industries, Not Elsewhere Classified
3089 - Plastics Products, Not Elsewhere Classified
2599 - Furniture and Fixtures, Not Elsewhere Classified
3081 - Unsupported Plastics Film and Sheet
UK SIC 2003:
3614 - Manufacture of other furniture
2524 - Manufacture of other plastic products
2521 - Manufacture of plastic plates, sheets, tubes and profiles
3663 - Other manufacturing not elsewhere classified
Business
Description
NPC, formerly
National Plastic Co., Ltd, is a Korea-based manufacturer mainly engaged in the
provision of synthetic resin products. The Company's offerings consist of
containers, including beverage and drink containers and industrial containers;
pallets, including reversible pallets, non-reversible pallets, top frame
pallets, collapsible pallets, flooring pallets and others; chairs and desks,
including garden chairs, stadium seats, lecture chairs and desks, benches and
accessories; clean systems, including waste bins and containers for recycled materials
and waste disposals, as well as win boards, which are sheet products for the
construction of fish hatchery tanks. The Company changed its name to NPC on
April 15, 2011. For the fiscal year ended 31 December 2010, NPC's revenues
increased 20% to W333.67B. The Company's net income applicable to common stock
increased 72% to W15.22B. Revenues reflect increased demand for synthetic resin
finished goods in domestic market. Net income also benefited from increased
dividend income, increased gain under equity method, decreased bad debt expense
and the inclusion of recovery of loan loss reserve.
More Business
Descriptions
· Manufacture of plastic injection moulded products including houseware, chairs and containers
· National Plastic Co Ltd (South Korea) manufactures and exports plastic pallets, plastic crates and injection moulds. The company has a factory in Singapore and offices in Seoul, Ansan, Busan, Tae-Jeon, Tae-Ku and Kwang-ju.
· Other Plastics Product Manufacturing
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Equity and Dept
Distribution:
Financials
consolidated('98-'03). FY'04-'08 non-consolidated financials. FY'06, Q2 RSP.
Q1/08, WAS is estimated by S/O. FY'06 4Q is RES. FY'07 1Q CLA & 2Q CSP.
FY'06, financial is CLA. FY'06 1Q is CLA. 04/09 1-for-10 Share split.
04/15/2011, the company changed its name to NPC.
Key Corporate
Relationships
· Auditor: Suhil Accounting Corp.
· Auditor: Suhil Accounting Corp.
Executive report
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Board of
Directors |
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Chairman |
Chairman |
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Chairman of the Board |
Chairman |
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Vice Chairman of the Board, Chief
Executive Officer |
Vice-Chairman |
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Non-Executive Independent Director |
Director/Board Member |
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Executives |
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Chief Executive Officer |
Chief Executive Officer |
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Vice Chairman of the Board, Chief
Executive Officer |
Chief Executive Officer |
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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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Vice President-Operations |
Operations Executive |
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Finance Director |
Finance Executive |
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Internal Auditor |
Accounting Executive |
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Head of International Business |
International Executive |
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Co-Manager-Privacy Policy |
Other |
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Co-Manager-Privacy Policy |
Other |
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Significant
Developments
National Plastic Co., Ltd. Announces Changes in Shareholding Structure Aug
25, 2011
National Plastic
Co., Ltd. announced that Korea Value Asset Management Co.,Ltd. has acquired
1,841,323 shares of the Company, representing a 5.01% stake.
National Plastic
Co., Ltd. Announces Name Change Apr 13, 2011
National Plastic
Co., Ltd. announced that it has decided to change its name to NPC, effective
April 15, 2011.
National Plastic
Co., Ltd. Declares Annual Cash Dividend for FY 2010 Mar 15, 2011
National Plastic
Co., Ltd. announced that its Board of Directors has declared an annual cash
dividend of KRW 60 per share of common stock and KRW 65 per share of preferred
stock for the fiscal year 2010 to shareholders of record on December 31, 2010.
The dividend rates of market prices are 2.9% (common shares) and 4.3%
(preferred shares), respectively. The total cash dividend amount is KRW
2,474,900,000.
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 |
Updated 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 |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
Revenue |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
Total Revenue |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
224.8 |
179.8 |
124.1 |
112.3 |
99.5 |
|
Cost of Revenue, Total |
224.8 |
179.8 |
124.1 |
112.3 |
99.5 |
|
Gross Profit |
63.8 |
37.3 |
22.4 |
20.8 |
20.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
12.6 |
10.3 |
6.9 |
7.1 |
7.0 |
|
Labor & Related Expense |
12.4 |
10.6 |
6.7 |
6.3 |
6.5 |
|
Advertising Expense |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Total Selling/General/Administrative Expenses |
25.0 |
20.9 |
13.6 |
13.4 |
13.5 |
|
Research & Development |
0.7 |
- |
- |
- |
- |
|
Depreciation |
0.7 |
0.2 |
0.4 |
0.6 |
0.5 |
|
Amortization of Intangibles |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Depreciation/Amortization |
0.8 |
0.3 |
0.5 |
0.7 |
0.5 |
|
Total Operating Expense |
251.3 |
201.0 |
138.2 |
126.4 |
113.6 |
|
|
|
|
|
|
|
|
Operating Income |
37.3 |
16.0 |
8.3 |
6.7 |
6.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-12.6 |
-11.6 |
-2.8 |
-2.5 |
-2.4 |
|
Interest Expense, Net Non-Operating |
-12.6 |
-11.6 |
-2.8 |
-2.5 |
-2.4 |
|
Interest Income -
Non-Operating |
3.6 |
3.0 |
2.4 |
1.9 |
2.0 |
|
Investment Income -
Non-Operating |
3.5 |
2.9 |
0.0 |
0.4 |
0.4 |
|
Interest/Investment Income - Non-Operating |
7.1 |
5.9 |
2.4 |
2.3 |
2.4 |
|
Interest Income (Expense) - Net Non-Operating Total |
-5.5 |
-5.7 |
-0.4 |
-0.2 |
0.0 |
|
Gain (Loss) on Sale of Assets |
0.7 |
1.4 |
-0.5 |
0.6 |
-0.3 |
|
Other Non-Operating Income (Expense) |
1.2 |
-4.3 |
0.2 |
0.1 |
0.0 |
|
Other, Net |
1.2 |
-4.3 |
0.2 |
0.1 |
0.0 |
|
Income Before Tax |
33.6 |
7.5 |
7.6 |
7.2 |
6.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
11.4 |
3.2 |
1.8 |
1.8 |
1.2 |
|
Income After Tax |
22.2 |
4.2 |
5.7 |
5.3 |
4.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-8.9 |
3.1 |
- |
- |
- |
|
Equity In Affiliates |
- |
-0.3 |
- |
- |
- |
|
Net Income Before Extraord Items |
13.4 |
7.1 |
5.7 |
5.3 |
4.8 |
|
Net Income |
13.4 |
7.1 |
5.7 |
5.3 |
4.8 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Total Adjustments to Net Income |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Income Available to Common Excl Extraord Items |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
36.7 |
32.9 |
28.4 |
28.4 |
28.4 |
|
Basic EPS Excl Extraord Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Basic/Primary EPS Incl Extraord Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
Diluted Weighted Average Shares |
36.7 |
32.9 |
28.4 |
28.4 |
28.4 |
|
Diluted EPS Excl Extraord Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Diluted EPS Incl Extraord Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Dividends per Share - Common Stock Primary Issue |
0.05 |
0.04 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
1.9 |
1.6 |
1.3 |
1.5 |
1.5 |
|
Interest Expense, Supplemental |
12.6 |
11.6 |
2.8 |
2.5 |
2.4 |
|
Depreciation, Supplemental |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Total Special Items |
-0.9 |
-1.6 |
0.5 |
-0.6 |
0.3 |
|
Normalized Income Before Tax |
32.7 |
5.9 |
8.0 |
6.6 |
6.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-0.2 |
-0.6 |
0.1 |
-0.1 |
0.1 |
|
Inc Tax Ex Impact of Sp Items |
11.1 |
2.6 |
2.0 |
1.7 |
1.3 |
|
Normalized Income After Tax |
21.6 |
3.3 |
6.1 |
4.9 |
5.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.5 |
6.0 |
5.9 |
4.6 |
4.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.34 |
0.18 |
0.21 |
0.16 |
0.17 |
|
Diluted Normalized EPS |
0.34 |
0.18 |
0.21 |
0.16 |
0.17 |
|
Amort of Acquisition Costs, Supplemental |
-0.2 |
-0.2 |
- |
- |
- |
|
Amort of Intangibles, Supplemental |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Rental Expenses |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Advertising Expense, Supplemental |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Research & Development Exp, Supplemental |
0.7 |
- |
- |
- |
- |
|
Normalized EBIT |
37.3 |
16.0 |
8.3 |
6.7 |
6.3 |
|
Normalized EBITDA |
89.7 |
61.4 |
13.5 |
13.0 |
12.1 |
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 |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
11.3 |
13.7 |
5.6 |
2.0 |
1.4 |
|
Short Term Investments |
10.0 |
9.4 |
0.5 |
0.5 |
0.4 |
|
Cash and Short Term Investments |
21.3 |
23.1 |
6.1 |
2.5 |
1.9 |
|
Accounts Receivable -
Trade, Gross |
46.9 |
47.3 |
32.1 |
41.4 |
33.0 |
|
Provision for Doubtful
Accounts |
-1.6 |
-2.0 |
-0.8 |
-1.1 |
-0.9 |
|
Trade Accounts Receivable - Net |
45.6 |
45.5 |
31.3 |
40.4 |
32.1 |
|
Other Receivables |
2.8 |
2.7 |
0.1 |
0.0 |
0.1 |
|
Total Receivables, Net |
48.4 |
48.2 |
31.4 |
40.4 |
32.2 |
|
Inventories - Finished Goods |
27.4 |
12.6 |
5.1 |
6.7 |
7.9 |
|
Inventories - Work In Progress |
0.8 |
0.4 |
0.2 |
0.5 |
0.4 |
|
Inventories - Raw Materials |
7.6 |
4.5 |
4.1 |
3.3 |
3.2 |
|
Inventories - Other |
1.3 |
1.1 |
0.2 |
0.4 |
0.3 |
|
Total Inventory |
37.1 |
18.6 |
9.7 |
11.0 |
11.8 |
|
Prepaid Expenses |
1.3 |
0.6 |
0.3 |
0.6 |
0.5 |
|
Deferred Income Tax - Current Asset |
0.8 |
1.1 |
0.5 |
0.2 |
0.2 |
|
Other Current Assets |
0.2 |
0.6 |
2.1 |
- |
- |
|
Other Current Assets, Total |
1.1 |
1.7 |
2.6 |
0.2 |
0.2 |
|
Total Current Assets |
109.1 |
92.2 |
50.1 |
54.7 |
46.5 |
|
|
|
|
|
|
|
|
Buildings |
40.7 |
35.9 |
19.7 |
26.5 |
25.8 |
|
Land/Improvements |
26.0 |
29.8 |
4.3 |
5.8 |
5.4 |
|
Machinery/Equipment |
85.5 |
71.9 |
52.2 |
71.1 |
68.3 |
|
Construction in
Progress |
1.4 |
0.7 |
0.2 |
0.4 |
0.4 |
|
Leases |
324.7 |
288.8 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
478.3 |
427.1 |
76.5 |
103.7 |
99.9 |
|
Accumulated Depreciation |
-268.9 |
-212.9 |
-41.6 |
-57.0 |
-52.7 |
|
Property/Plant/Equipment - Net |
209.4 |
214.2 |
34.9 |
46.8 |
47.1 |
|
Goodwill, Net |
-9.4 |
-9.3 |
- |
- |
- |
|
Intangibles, Net |
0.3 |
0.3 |
0.1 |
0.2 |
0.1 |
|
LT Investment - Affiliate Companies |
21.2 |
21.5 |
8.4 |
7.4 |
7.6 |
|
LT Investments - Other |
4.3 |
4.0 |
1.8 |
2.7 |
2.5 |
|
Long Term Investments |
25.5 |
25.4 |
10.2 |
10.1 |
10.1 |
|
Note Receivable - Long Term |
7.2 |
1.2 |
11.7 |
11.5 |
11.4 |
|
Other Long Term Assets |
4.5 |
4.5 |
1.6 |
2.1 |
2.4 |
|
Other Long Term Assets, Total |
4.5 |
4.5 |
1.6 |
2.1 |
2.4 |
|
Total Assets |
346.6 |
328.5 |
108.6 |
125.3 |
117.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
6.9 |
3.9 |
5.2 |
9.2 |
7.4 |
|
Accrued Expenses |
2.7 |
3.7 |
2.2 |
2.2 |
2.1 |
|
Notes Payable/Short Term Debt |
38.9 |
42.4 |
18.3 |
13.7 |
16.0 |
|
Current Portion - Long Term Debt/Capital Leases |
39.4 |
21.8 |
14.7 |
9.9 |
1.9 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
2.6 |
2.5 |
1.0 |
0.6 |
0.2 |
|
Security Deposits |
0.9 |
1.1 |
0.8 |
0.9 |
0.7 |
|
Income Taxes Payable |
3.5 |
3.0 |
0.9 |
1.3 |
1.1 |
|
Other Payables |
38.5 |
50.7 |
1.4 |
1.7 |
1.4 |
|
Other Current Liabilities |
2.1 |
1.8 |
0.7 |
0.5 |
0.7 |
|
Other Current liabilities, Total |
47.7 |
59.2 |
4.8 |
4.9 |
4.0 |
|
Total Current Liabilities |
135.6 |
131.0 |
45.3 |
39.9 |
31.3 |
|
|
|
|
|
|
|
|
Long Term Debt |
35.6 |
50.5 |
8.3 |
17.9 |
22.6 |
|
Capital Lease Obligations |
16.9 |
5.5 |
- |
- |
- |
|
Total Long Term Debt |
52.5 |
56.0 |
8.3 |
17.9 |
22.6 |
|
Total Debt |
130.8 |
120.2 |
41.3 |
41.5 |
40.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
3.8 |
0.4 |
1.0 |
0.3 |
0.3 |
|
Deferred Income Tax |
3.8 |
0.4 |
1.0 |
0.3 |
0.3 |
|
Minority Interest |
55.4 |
46.0 |
- |
- |
- |
|
Pension Benefits - Underfunded |
1.1 |
1.3 |
0.3 |
1.7 |
1.3 |
|
Other Long Term Liabilities |
6.5 |
20.5 |
0.2 |
0.1 |
0.2 |
|
Other Liabilities, Total |
7.6 |
21.8 |
0.5 |
1.8 |
1.4 |
|
Total Liabilities |
255.0 |
255.2 |
55.1 |
59.9 |
55.6 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
2.3 |
2.3 |
2.1 |
2.8 |
2.8 |
|
Preferred Stock - Non Redeemable, Net |
2.3 |
2.3 |
2.1 |
2.8 |
2.8 |
|
Common Stock |
16.2 |
15.8 |
14.6 |
19.6 |
19.7 |
|
Common Stock |
16.2 |
15.8 |
14.6 |
19.6 |
19.7 |
|
Additional Paid-In Capital |
15.5 |
15.1 |
9.8 |
13.2 |
13.3 |
|
Retained Earnings (Accumulated Deficit) |
59.0 |
37.9 |
29.2 |
34.2 |
30.9 |
|
Treasury Stock - Common |
-0.3 |
-0.3 |
-4.3 |
-5.8 |
-5.8 |
|
Unrealized Gain (Loss) |
1.8 |
2.5 |
2.2 |
1.3 |
1.0 |
|
Translation Adjustment |
-1.6 |
- |
- |
- |
- |
|
Other Equity |
-1.4 |
0.0 |
- |
- |
- |
|
Other Equity, Total |
-3.0 |
0.0 |
- |
- |
- |
|
Total Equity |
91.6 |
73.3 |
53.5 |
65.4 |
62.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
346.6 |
328.5 |
108.6 |
125.3 |
117.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
36.7 |
36.7 |
28.4 |
28.4 |
28.4 |
|
Total Common Shares Outstanding |
36.7 |
36.7 |
28.4 |
28.4 |
28.4 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
8.3 |
8.3 |
8.3 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Total Preferred Stock Outstanding |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Treasury Shares - Preferred Primary Issue |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
|
Employees |
227 |
179 |
194 |
208 |
- |
|
Number of Common Shareholders |
2,530 |
2,269 |
1,133 |
1,227 |
- |
|
Deferred Revenue - Current |
2.6 |
2.5 |
1.0 |
0.6 |
0.2 |
|
Total Long Term Debt, Supplemental |
68.7 |
69.8 |
23.0 |
27.8 |
24.4 |
|
Long Term Debt Maturing within 1 Year |
33.1 |
19.3 |
14.7 |
9.9 |
1.9 |
|
Long Term Debt Maturing in Year 2 |
14.1 |
31.3 |
2.5 |
15.2 |
4.7 |
|
Long Term Debt Maturing in Year 3 |
16.1 |
10.8 |
5.7 |
1.3 |
15.2 |
|
Long Term Debt Maturing in Year 4 |
2.2 |
3.2 |
0.0 |
1.3 |
1.3 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
0.0 |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
30.2 |
42.1 |
8.2 |
16.5 |
19.9 |
|
Long Term Debt Maturing in 4-5 Years |
2.2 |
3.2 |
0.0 |
1.3 |
1.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
3.1 |
5.2 |
0.0 |
0.0 |
1.3 |
|
Total Capital Leases, Supplemental |
23.2 |
8.0 |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
6.3 |
2.5 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
5.5 |
2.2 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
3.8 |
1.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
3.9 |
0.7 |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
9.3 |
3.3 |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
3.9 |
0.7 |
- |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
3.7 |
1.4 |
- |
- |
- |
|
Total Operating Leases, Supplemental |
1.4 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 1 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 2 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 3 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 4 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 5 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
0.1 |
- |
- |
- |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
0.1 |
- |
- |
- |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
1.2 |
- |
- |
- |
- |
Annual Cash Flows
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
22.2 |
4.0 |
5.7 |
5.3 |
4.8 |
|
Depreciation |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Depreciation/Depletion |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Amortization of Intangibles |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Amortization of Acquisition Costs |
-0.2 |
-0.2 |
- |
- |
- |
|
Amortization |
-0.1 |
-0.1 |
0.0 |
0.1 |
0.1 |
|
Deferred Taxes |
5.2 |
1.0 |
0.2 |
0.0 |
0.0 |
|
Unusual Items |
0.2 |
-1.0 |
0.4 |
-0.6 |
0.4 |
|
Equity in Net Earnings (Loss) |
-3.7 |
-2.7 |
-1.3 |
-0.3 |
-0.2 |
|
Other Non-Cash Items |
3.3 |
6.8 |
0.1 |
-0.5 |
-0.9 |
|
Non-Cash Items |
-0.2 |
3.1 |
-0.8 |
-1.3 |
-0.7 |
|
Accounts Receivable |
-1.9 |
16.8 |
-3.2 |
-7.0 |
-0.7 |
|
Inventories |
-17.6 |
-6.6 |
-1.8 |
0.8 |
-2.5 |
|
Prepaid Expenses |
-0.6 |
-0.2 |
0.1 |
-0.1 |
0.1 |
|
Other Assets |
- |
- |
- |
- |
0.0 |
|
Accounts Payable |
-28.3 |
-32.1 |
-1.7 |
2.3 |
-1.9 |
|
Accrued Expenses |
-1.0 |
0.6 |
0.7 |
0.1 |
0.6 |
|
Taxes Payable |
0.4 |
0.4 |
-0.1 |
0.2 |
0.4 |
|
Other Liabilities |
-2.2 |
-1.2 |
-0.5 |
-0.4 |
-0.1 |
|
Changes in Working Capital |
-51.3 |
-22.3 |
-6.4 |
-4.2 |
-4.1 |
|
Cash from Operating Activities |
28.4 |
31.2 |
4.0 |
6.1 |
5.7 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-12.2 |
-11.2 |
-6.6 |
-6.4 |
-9.0 |
|
Purchase/Acquisition of Intangibles |
0.0 |
-0.1 |
0.0 |
-0.1 |
0.0 |
|
Capital Expenditures |
-12.3 |
-11.4 |
-6.6 |
-6.4 |
-9.0 |
|
Sale of Fixed Assets |
2.8 |
0.8 |
0.8 |
0.7 |
0.4 |
|
Sale/Maturity of Investment |
17.9 |
8.6 |
0.4 |
0.0 |
0.5 |
|
Purchase of Investments |
-15.3 |
-12.5 |
-0.4 |
-0.3 |
-1.1 |
|
Other Investing Cash Flow |
-30.8 |
-21.9 |
0.1 |
1.0 |
-1.1 |
|
Other Investing Cash Flow Items, Total |
-25.3 |
-25.0 |
0.8 |
1.4 |
-1.4 |
|
Cash from Investing Activities |
-37.5 |
-36.4 |
-5.8 |
-5.0 |
-10.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.9 |
3.4 |
0.0 |
0.0 |
- |
|
Financing Cash Flow Items |
0.9 |
3.4 |
0.0 |
0.0 |
- |
|
Total Cash Dividends Paid |
-2.0 |
-1.3 |
-1.5 |
-1.8 |
-1.6 |
|
Sale/Issuance of
Common |
- |
14.2 |
- |
- |
- |
|
Common Stock, Net |
- |
14.2 |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
- |
14.2 |
- |
- |
- |
|
Short Term Debt Issued |
109.0 |
74.2 |
93.1 |
77.0 |
47.4 |
|
Short Term Debt
Reduction |
-113.4 |
-57.8 |
-85.3 |
-79.3 |
-50.4 |
|
Short Term Debt, Net |
-4.4 |
16.4 |
7.8 |
-2.2 |
-2.9 |
|
Long Term Debt Issued |
36.3 |
11.2 |
9.4 |
5.4 |
18.9 |
|
Long Term Debt
Reduction |
-24.4 |
-31.6 |
-9.2 |
-1.9 |
-13.8 |
|
Long Term Debt, Net |
11.8 |
-20.4 |
0.2 |
3.5 |
5.1 |
|
Issuance (Retirement) of Debt, Net |
7.5 |
-4.1 |
8.0 |
1.3 |
2.2 |
|
Cash from Financing Activities |
6.4 |
12.2 |
6.5 |
-0.5 |
0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
- |
|
Net Change in Cash |
-2.7 |
7.0 |
4.7 |
0.6 |
-4.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
13.8 |
5.5 |
1.7 |
1.4 |
5.5 |
|
Net Cash - Ending Balance |
11.1 |
12.5 |
6.4 |
2.0 |
1.4 |
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 |
Updated 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 |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Revenue |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
Total Revenue |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
|
|
|
|
|
|
|
Cost-Revenue |
224.8 |
179.8 |
124.1 |
112.3 |
99.5 |
|
Salaries & Wages |
9.7 |
8.3 |
5.9 |
5.0 |
5.4 |
|
Retirement Allowance |
1.7 |
1.2 |
0.3 |
0.7 |
0.5 |
|
Employee Benefits |
1.0 |
1.1 |
0.5 |
0.6 |
0.5 |
|
Travel Expenses |
0.5 |
0.5 |
0.3 |
0.3 |
0.3 |
|
Communication Exp. |
0.3 |
0.4 |
0.1 |
0.2 |
0.2 |
|
Utility Expenses |
0.3 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
0.6 |
0.6 |
0.4 |
0.4 |
0.4 |
|
Rent |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Depreciation Expense |
0.7 |
0.2 |
0.4 |
0.6 |
0.5 |
|
Repair Expenses |
0.5 |
0.4 |
0.2 |
0.2 |
0.2 |
|
Insurance Expenses |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Entertainment |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Advertising Expense |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Expenses for Samples |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Overseas Mkt Develop |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Research & Development Expense |
0.7 |
- |
- |
- |
- |
|
Maintenance Expense |
0.1 |
0.2 |
- |
- |
- |
|
Shipping/Handling |
6.4 |
4.0 |
4.4 |
4.2 |
3.9 |
|
Sales Commissions |
0.1 |
0.2 |
0.1 |
0.0 |
0.1 |
|
Commissions Paid |
2.0 |
1.6 |
0.3 |
0.5 |
0.5 |
|
Office Supplies |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Consumable Expense |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Education & Training |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Transportation Equip |
0.5 |
0.5 |
0.4 |
0.5 |
0.5 |
|
Amort. of Bad Debts |
0.0 |
0.9 |
0.3 |
0.2 |
0.3 |
|
Publication Expenses |
0.0 |
0.0 |
- |
- |
- |
|
Amortization-Intangibles |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Misc. Adm & Selling Expenses |
0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Technology Implementation Expense |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
251.3 |
201.0 |
138.2 |
126.4 |
113.6 |
|
|
|
|
|
|
|
|
Interest Income |
3.6 |
3.0 |
2.4 |
1.9 |
2.0 |
|
Dividend Income |
0.7 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Gain-Valuation of Currency Swap |
- |
- |
2.5 |
0.0 |
- |
|
G-Foreign Currency Transaction |
0.2 |
0.3 |
0.3 |
0.0 |
0.0 |
|
Gain-Foreign Currency Translation |
0.0 |
0.4 |
0.0 |
0.0 |
0.2 |
|
Gain-Currency Swap Transaction |
0.0 |
0.1 |
0.0 |
- |
- |
|
Gain on Disposal of Investment Assets |
- |
0.2 |
0.0 |
- |
0.1 |
|
G-Secs Maturity Disposal |
- |
- |
- |
0.0 |
0.0 |
|
Gain Disposal of Tangible Assets |
1.1 |
2.0 |
0.3 |
0.6 |
0.1 |
|
Recovery-Loan Loss Reserve |
0.4 |
- |
- |
- |
- |
|
Miscellaneous Income |
0.8 |
0.3 |
0.2 |
0.1 |
0.0 |
|
Interest Expense, Non-Operating |
-12.6 |
-11.6 |
-2.8 |
-2.5 |
-2.4 |
|
Loss on Disp of AR |
-0.1 |
-0.2 |
-0.1 |
0.0 |
0.0 |
|
L-Disp Secs Avail. for Sale |
0.0 |
- |
- |
- |
0.0 |
|
L-Foreign Currency Transaction |
-0.1 |
-0.2 |
-0.2 |
0.0 |
0.0 |
|
L-Foreign Exchange Translation |
0.0 |
0.0 |
-4.0 |
0.0 |
0.0 |
|
Loss Disp Tang. Ast |
-0.2 |
-0.3 |
-0.7 |
0.0 |
-0.4 |
|
Other Allowance for Doubtful Accounts |
0.0 |
-2.2 |
- |
- |
- |
|
Loss-Disposal of Other Enrollment Rights |
- |
- |
- |
0.0 |
- |
|
Donations Paid |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Loss-Valuation of Currency Swap |
0.0 |
-0.2 |
- |
- |
-0.2 |
|
Miscellaneous Exp. |
-0.1 |
-2.5 |
0.0 |
-0.1 |
0.0 |
|
Disp of Inv. Assets |
- |
-0.1 |
- |
- |
- |
|
Impairment Losses on Available for Sale |
-0.7 |
-0.3 |
- |
- |
- |
|
Recovery of Negative Goodwill |
0.2 |
0.2 |
- |
- |
- |
|
Losses on Currency Swap Transactions |
0.0 |
0.0 |
- |
- |
- |
|
Gain-Disposal of Equity Method Sec. |
0.1 |
- |
- |
- |
- |
|
Loss-Disposal of Equity Method Sec. |
-0.3 |
- |
- |
- |
- |
|
Gains Under Equity Method |
3.8 |
2.8 |
1.3 |
0.3 |
0.4 |
|
Loss under Equity Method |
-0.1 |
-0.1 |
- |
-0.1 |
-0.2 |
|
Net Income Before Taxes |
33.6 |
7.5 |
7.6 |
7.2 |
6.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
11.4 |
3.2 |
1.8 |
1.8 |
1.2 |
|
Net Income After Taxes |
22.2 |
4.2 |
5.7 |
5.3 |
4.8 |
|
|
|
|
|
|
|
|
Minority Interest Gain |
-8.9 |
3.1 |
- |
- |
- |
|
Earning Before Acquisition of Subsidiary |
- |
-0.3 |
- |
- |
- |
|
Net Income Before Extra. Items |
13.4 |
7.1 |
5.7 |
5.3 |
4.8 |
|
Net Income |
13.4 |
7.1 |
5.7 |
5.3 |
4.8 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Income Available to Com Excl ExtraOrd |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
36.7 |
32.9 |
28.4 |
28.4 |
28.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Basic EPS Including ExtraOrdinary Item |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
Diluted Weighted Average Shares |
36.7 |
32.9 |
28.4 |
28.4 |
28.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Diluted EPS Including ExtraOrd Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
DPS-Common Stock |
0.05 |
0.04 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
1.9 |
1.6 |
1.3 |
1.5 |
1.5 |
|
Normalized Income Before Taxes |
32.7 |
5.9 |
8.0 |
6.6 |
6.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
11.1 |
2.6 |
2.0 |
1.7 |
1.3 |
|
Normalized Income After Taxes |
21.6 |
3.3 |
6.1 |
4.9 |
5.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.5 |
6.0 |
5.9 |
4.6 |
4.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.34 |
0.18 |
0.21 |
0.16 |
0.17 |
|
Diluted Normalized EPS |
0.34 |
0.18 |
0.21 |
0.16 |
0.17 |
|
Interest Expense, Supplemental |
12.6 |
11.6 |
2.8 |
2.5 |
2.4 |
|
R&D Expense, Supplemental |
0.7 |
- |
- |
- |
- |
|
Advertising Expense, Supplemental |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Rental Expense, Supplemental |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Depreciation, Supplemental |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Amort of Intangibles, Supplemental |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Amort of Acquisition Costs |
-0.2 |
-0.2 |
- |
- |
- |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
11.3 |
13.7 |
5.6 |
2.0 |
1.4 |
|
ST Finl Assets |
10.0 |
9.0 |
0.5 |
0.5 |
0.4 |
|
Currency Swap, Current Assets |
0.2 |
0.6 |
2.1 |
- |
- |
|
ST Loan, Net |
5.5 |
5.2 |
0.0 |
0.0 |
0.0 |
|
Trade Rcvb Gross |
49.2 |
48.7 |
33.6 |
43.0 |
34.1 |
|
Discounts on AR |
-2.3 |
-1.4 |
-1.5 |
-1.6 |
-1.2 |
|
Reserve-Doubtful Account |
-1.6 |
-2.0 |
-0.8 |
-1.1 |
-0.9 |
|
Account Receivable, Net |
0.3 |
0.4 |
0.1 |
0.0 |
0.1 |
|
Accrued Income |
0.3 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Advance Payments |
0.8 |
0.8 |
0.0 |
0.1 |
0.1 |
|
Prepaid Expenses |
1.3 |
0.6 |
0.3 |
0.6 |
0.5 |
|
ST Rec Sharehld |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxes |
0.8 |
1.1 |
0.5 |
0.2 |
0.2 |
|
Merchandise |
0.5 |
0.4 |
0.7 |
0.9 |
1.5 |
|
Finished Goods |
26.9 |
12.2 |
4.4 |
5.8 |
6.4 |
|
Work in Progress |
0.8 |
0.4 |
0.2 |
0.5 |
0.4 |
|
Raw Materials |
7.4 |
4.4 |
4.0 |
3.2 |
3.1 |
|
Goods in Transit |
0.1 |
- |
- |
- |
- |
|
Suppl. Material |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Supplies |
0.4 |
0.3 |
0.2 |
0.3 |
0.2 |
|
Held-to-Maturity Securities Current |
- |
0.4 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Shor |
-2.9 |
-2.8 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Othe |
-0.2 |
-0.3 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Accr |
0.0 |
0.0 |
- |
- |
- |
|
Receivable-Recovery of Taxes |
- |
0.2 |
- |
- |
- |
|
Total Current Assets |
109.1 |
92.2 |
50.1 |
54.7 |
46.5 |
|
|
|
|
|
|
|
|
LT Finl Assets |
1.9 |
1.1 |
0.1 |
0.0 |
0.0 |
|
Secs for Sale |
1.9 |
2.4 |
1.7 |
2.6 |
2.4 |
|
Secs-Maturity |
0.5 |
0.4 |
0.0 |
0.1 |
0.1 |
|
Secs-Under Equity Method |
21.2 |
21.5 |
8.4 |
7.4 |
7.6 |
|
Long-term Loans |
0.0 |
0.0 |
- |
- |
- |
|
LT Trade Receivable |
8.7 |
2.8 |
11.7 |
11.5 |
11.4 |
|
Other Enrollment |
1.5 |
1.5 |
1.2 |
1.7 |
1.8 |
|
Guarantee Dep. |
3.0 |
3.0 |
0.4 |
0.4 |
0.6 |
|
Land |
26.2 |
30.0 |
4.4 |
6.0 |
5.6 |
|
Land-Government Subsidy |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Buildings |
34.3 |
29.9 |
15.4 |
20.7 |
20.5 |
|
Buildings Depre. |
-7.3 |
-5.9 |
-3.8 |
-4.6 |
-4.2 |
|
Structures |
6.8 |
6.5 |
4.4 |
5.8 |
5.2 |
|
Structure Depre. |
-2.5 |
-2.3 |
-1.9 |
-2.3 |
-2.1 |
|
Tools/Equipments |
36.4 |
30.8 |
25.3 |
34.6 |
30.9 |
|
Tool/Equip Depr. |
-27.5 |
-24.1 |
-19.7 |
-26.5 |
-23.5 |
|
Tools for Parts-Government Subsidiry |
-0.2 |
-0.2 |
- |
- |
- |
|
Machinery/Equip. |
40.0 |
32.6 |
24.4 |
32.5 |
33.7 |
|
Mach/Equip Depre |
-23.9 |
-19.2 |
-14.0 |
-20.2 |
-20.1 |
|
Gov't Subsidy-Mach/Equip |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Transport Equip. |
1.5 |
1.2 |
0.8 |
1.1 |
1.0 |
|
Transport Deprec |
-1.2 |
-0.9 |
-0.6 |
-0.8 |
-0.7 |
|
Misc. Fixtures |
5.0 |
4.8 |
1.8 |
2.9 |
2.8 |
|
Deprec. Fixtures |
-4.2 |
-3.9 |
-1.6 |
-2.4 |
-2.2 |
|
Construction |
1.4 |
0.7 |
0.2 |
0.4 |
0.4 |
|
Industrial Property Rights |
0.2 |
0.2 |
0.1 |
0.2 |
0.1 |
|
Present Value Discount for Long-term Tra |
-1.3 |
-1.3 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Long |
-0.3 |
-0.4 |
- |
- |
- |
|
Government Subsidy for Structures |
-0.5 |
-0.5 |
- |
- |
- |
|
Government Subsidy for Office Equipment |
-0.2 |
-0.3 |
- |
- |
- |
|
Installation Equipment |
3.2 |
3.0 |
- |
- |
- |
|
Installation Equipment-Depreciation |
-2.3 |
-1.7 |
- |
- |
- |
|
Installation Equipment-Government Subsid |
0.0 |
0.0 |
- |
- |
- |
|
Pallet Loan |
324.7 |
288.8 |
- |
- |
- |
|
Pallet Loan Assets Depreciation |
-200.0 |
-154.9 |
- |
- |
- |
|
Other Intangible |
0.3 |
0.4 |
- |
- |
- |
|
Other Intangibe Assets-Government Subsid |
-0.2 |
-0.3 |
- |
- |
- |
|
Negative Goodwill |
-9.4 |
-9.3 |
- |
- |
- |
|
Total Assets |
346.6 |
328.5 |
108.6 |
125.3 |
117.6 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
6.9 |
3.9 |
5.2 |
9.2 |
7.4 |
|
ST Borrowings |
38.9 |
42.4 |
18.3 |
13.7 |
16.0 |
|
Account Payable |
41.6 |
54.3 |
1.4 |
1.7 |
1.4 |
|
Deposit Withheld |
2.0 |
1.6 |
0.7 |
0.4 |
0.7 |
|
Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inc. Taxes Pay. |
3.5 |
3.0 |
0.9 |
1.3 |
1.1 |
|
Accrued Expenses |
1.9 |
1.7 |
1.3 |
1.5 |
1.4 |
|
Advances Received |
2.6 |
2.5 |
1.0 |
0.6 |
0.2 |
|
VAT Withheld |
0.9 |
2.0 |
0.9 |
0.7 |
0.7 |
|
Import Deposit |
0.9 |
1.1 |
0.8 |
0.9 |
0.7 |
|
Currency Swap, Current |
- |
- |
0.0 |
0.0 |
- |
|
Current Port LTD |
39.4 |
21.8 |
14.7 |
9.9 |
1.9 |
|
Present Value Discount for Other Payable |
-3.1 |
-3.6 |
- |
- |
- |
|
Interest Rate Swap, Current |
0.1 |
0.2 |
- |
- |
- |
|
Total Current Liabilities |
135.6 |
131.0 |
45.3 |
39.9 |
31.3 |
|
|
|
|
|
|
|
|
Bonds |
- |
8.6 |
- |
- |
- |
|
LT Borrowings |
35.6 |
41.9 |
8.3 |
17.9 |
22.6 |
|
Discount on Bonds of Long-term Liabiliti |
- |
0.0 |
- |
- |
- |
|
Capital Lease Payable |
16.9 |
5.5 |
- |
- |
- |
|
Total Long Term Debt |
52.5 |
56.0 |
8.3 |
17.9 |
22.6 |
|
|
|
|
|
|
|
|
Deferred Taxes |
3.8 |
0.4 |
1.0 |
0.3 |
0.3 |
|
Provisions for Retirement and Severance |
5.9 |
4.2 |
0.3 |
1.7 |
1.3 |
|
Minority Interest |
55.4 |
46.0 |
- |
- |
- |
|
Deposits for Retirement and Severance Be |
-0.1 |
-0.1 |
- |
- |
- |
|
Transfer to National Pension Fund |
0.0 |
0.0 |
- |
- |
- |
|
Long-term Trade Payables |
0.0 |
0.4 |
- |
- |
- |
|
Present Value Discount for Long-term Tra |
0.0 |
0.0 |
- |
- |
- |
|
LT Account Payable |
8.8 |
22.1 |
- |
- |
- |
|
Present Value Discount for Long-term Oth |
-2.3 |
-2.2 |
- |
- |
- |
|
Plan Assets |
-4.7 |
-2.8 |
- |
- |
- |
|
Interest Rate Swap, LT Liabilities |
- |
0.1 |
0.2 |
- |
- |
|
Currency Swap |
- |
- |
0.0 |
0.1 |
0.2 |
|
Total Liabilities |
255.0 |
255.2 |
55.1 |
59.9 |
55.6 |
|
|
|
|
|
|
|
|
Common Stock |
16.2 |
15.8 |
14.6 |
19.6 |
19.7 |
|
Preferred Stock |
2.3 |
2.3 |
2.1 |
2.8 |
2.8 |
|
Paid-in Capital |
10.3 |
10.1 |
9.3 |
12.5 |
12.6 |
|
Other Capital |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
G/L-Disp Treasury Stock |
4.9 |
4.7 |
0.2 |
0.3 |
0.3 |
|
Treasury Stock |
-0.3 |
-0.3 |
-4.3 |
-5.8 |
-5.8 |
|
Value-Secs under Equity Method |
0.8 |
2.4 |
2.3 |
1.2 |
1.0 |
|
Value-Secs avail. for Sale |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loss-Valuation of Interest Rate Swap |
0.0 |
0.0 |
-0.2 |
- |
- |
|
Gain-Revaluation of Building |
1.0 |
- |
- |
- |
- |
|
Legal Reserve |
1.5 |
1.3 |
1.1 |
1.2 |
1.1 |
|
Appropriated Retained Earnings for Volun |
35.3 |
28.7 |
23.0 |
27.6 |
24.8 |
|
Retained Earning Carried Forward |
22.3 |
7.9 |
5.1 |
5.4 |
5.0 |
|
Overseas Business Trans. Debit/Credit |
-1.6 |
- |
- |
- |
- |
|
Revaluation Adjustment |
-1.4 |
0.0 |
- |
- |
- |
|
Gain-Equity Method Securities Reduction |
- |
0.1 |
- |
- |
- |
|
Total Equity |
91.6 |
73.3 |
53.5 |
65.4 |
62.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
346.6 |
328.5 |
108.6 |
125.3 |
117.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
36.7 |
36.7 |
28.4 |
28.4 |
28.4 |
|
Total Common Shares Outstanding |
36.7 |
36.7 |
28.4 |
28.4 |
28.4 |
|
T/S-Common Stock |
0.0 |
0.0 |
8.3 |
8.3 |
8.3 |
|
S/O-Preferred Stock |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Total Preferred Shares Outstanding |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
T/S-Preferred Stock |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
|
Deferred Revenue, Current |
2.6 |
2.5 |
1.0 |
0.6 |
0.2 |
|
Full-Time Employees |
227 |
179 |
194 |
208 |
- |
|
Number of Common Shareholders |
2,530 |
2,269 |
1,133 |
1,227 |
- |
|
Long-Term Debts Due in 1 Year |
33.1 |
19.3 |
14.7 |
9.9 |
1.9 |
|
Long-Term Debts Due in 2 Years |
14.1 |
31.3 |
2.5 |
15.2 |
4.7 |
|
Long-Term Debts Due in 3 Years |
16.1 |
10.8 |
5.7 |
1.3 |
15.2 |
|
Long-Term Debts Due in 4 Years |
2.2 |
3.2 |
0.0 |
1.3 |
1.3 |
|
Long-Term Debts Due in 5 Years |
- |
- |
0.0 |
- |
- |
|
Long-Term Debts Due Remaining |
3.1 |
5.2 |
0.0 |
- |
1.3 |
|
Total Long Term Debt, Supplemental |
68.7 |
69.8 |
23.0 |
27.8 |
24.4 |
|
Capital Leases due in Year 1 |
6.3 |
2.5 |
- |
- |
- |
|
Capital Leases due in Year 2 |
5.5 |
2.2 |
- |
- |
- |
|
Capital Leases due in Year 3 |
3.8 |
1.1 |
- |
- |
- |
|
Capital Leases due in Year 4 |
3.9 |
0.7 |
- |
- |
- |
|
Capital Leases Remaining |
3.7 |
1.4 |
- |
- |
- |
|
Total Capital Leases |
23.2 |
8.0 |
- |
- |
- |
|
Operating Lease Pymts. Due within 1Year |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 5 |
0.1 |
- |
- |
- |
- |
|
Operating Leases - Remaining Payments |
1.2 |
- |
- |
- |
- |
|
Total Operating Leases |
1.4 |
- |
- |
- |
- |
Annual Cash Flows
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
22.2 |
4.0 |
5.7 |
5.3 |
4.8 |
|
Depreciation |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Amort. Intangible |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Recovery-Negative Goodwill Amortization |
-0.2 |
-0.2 |
- |
- |
- |
|
Retirement Allowance |
2.1 |
1.5 |
0.6 |
1.2 |
0.9 |
|
Disp Tang Asst Loss |
0.2 |
0.3 |
0.7 |
0.0 |
0.4 |
|
Gain-Currency Swap Transaction |
- |
-0.1 |
0.0 |
- |
- |
|
Gain-Valuation of Currency Swap |
- |
- |
-2.5 |
0.0 |
- |
|
Loss-Disposal of Other Enrollment Right |
- |
- |
- |
0.0 |
- |
|
Provision Doubtful Account |
0.0 |
0.9 |
0.3 |
0.2 |
0.3 |
|
Recovery-Provision Doubtful Account |
-0.4 |
- |
- |
- |
- |
|
L-Equity Method Valuation |
- |
- |
- |
0.1 |
0.2 |
|
Loss-Disposal of Sec. Available-for-Sale |
0.0 |
- |
- |
- |
- |
|
Loss on AR Disp |
0.1 |
0.2 |
0.1 |
0.0 |
0.0 |
|
Loss-Valuation of Currency Swap |
0.0 |
0.2 |
- |
- |
0.2 |
|
Loss-Foreign Currency Translation |
0.0 |
- |
4.0 |
0.0 |
0.0 |
|
Loss on Disp. of Inv |
- |
0.1 |
- |
- |
- |
|
Gain-Foreign Currency Translation |
0.0 |
-0.4 |
- |
0.0 |
-0.2 |
|
Interest Recieved |
-2.6 |
-2.4 |
-2.3 |
-1.8 |
-2.0 |
|
G-Disp Secs held till Maturity |
- |
- |
- |
0.0 |
0.0 |
|
Gains Under Equity Method |
-3.8 |
-2.8 |
-1.3 |
-0.3 |
-0.4 |
|
Gain Disp Tang. Ast |
-1.1 |
-2.0 |
-0.3 |
-0.6 |
-0.1 |
|
Gain Disp of Inv Ast |
- |
-0.2 |
0.0 |
- |
-0.1 |
|
Gain-Disp. of Securities/Equity Method |
-0.1 |
- |
- |
- |
- |
|
Trade Receivables |
3.6 |
7.1 |
0.8 |
1.2 |
7.6 |
|
Account Receivables |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Accrued Income |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advanced Payment |
0.1 |
-0.1 |
0.1 |
0.0 |
0.3 |
|
Prepaid Expenses |
-0.6 |
-0.2 |
0.1 |
-0.1 |
0.1 |
|
VAT Payments |
- |
- |
- |
- |
0.0 |
|
Inventory |
-17.7 |
-6.5 |
-1.8 |
0.8 |
-2.8 |
|
Deferred Taxes-Asset |
1.9 |
1.1 |
-0.3 |
-0.1 |
0.0 |
|
Deferred Taxes-Liability |
3.4 |
0.0 |
0.6 |
0.0 |
0.0 |
|
LT Trade Receivables |
-5.6 |
9.9 |
-3.9 |
-8.2 |
-8.3 |
|
Trade Payables |
2.8 |
-2.6 |
-1.9 |
1.9 |
-1.4 |
|
Deposits Withheld |
0.4 |
0.1 |
0.4 |
-0.3 |
0.3 |
|
Account Payables |
-17.0 |
-3.4 |
0.2 |
0.4 |
-0.5 |
|
Accrued Expenses |
0.2 |
-0.1 |
0.1 |
0.1 |
-0.1 |
|
Accrued Income Taxes |
0.4 |
0.4 |
-0.1 |
0.2 |
0.4 |
|
Guarantee Deposit |
-0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Advances Received |
0.1 |
0.3 |
0.7 |
0.4 |
0.1 |
|
Valu Add Tax Withhld |
-1.2 |
0.6 |
0.5 |
0.0 |
0.6 |
|
National Pension |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Payment-Retirement Bonus |
-0.6 |
-1.6 |
-2.5 |
-0.7 |
-0.8 |
|
Retirement Insurance Deposit |
0.0 |
0.0 |
0.8 |
0.0 |
0.2 |
|
Impairment Losses on Available for Sale |
0.7 |
0.3 |
- |
- |
- |
|
Losses on Valuation of Equity Method Sec |
0.1 |
0.1 |
- |
- |
- |
|
Expenses of Allowance for Other Doubtful |
0.0 |
2.2 |
- |
- |
- |
|
Miscellaneous Loss |
0.0 |
- |
- |
- |
- |
|
Interest Expenses |
4.1 |
4.8 |
- |
- |
- |
|
Loss-Currency Swap Transaction |
- |
0.0 |
- |
- |
- |
|
Loss-Disposal of Sec under Equity Method |
0.3 |
- |
- |
- |
- |
|
Affiliates' Foreign Currency Adjust. Gap |
- |
0.3 |
- |
- |
- |
|
Corporate Tax Refundable |
0.2 |
-0.2 |
- |
- |
- |
|
LT Trade Payable, A/L |
-0.4 |
-0.1 |
- |
- |
- |
|
Increase or Decrease in Long-term Other |
-13.7 |
-26.0 |
- |
- |
- |
|
Retirement Pension Operating Fund |
-1.8 |
-0.1 |
- |
- |
- |
|
Cash from Operating Activities |
28.4 |
31.2 |
4.0 |
6.1 |
5.7 |
|
|
|
|
|
|
|
|
Disposal-Securities Available-for-Sale |
0.0 |
- |
0.3 |
- |
0.4 |
|
Disp-Secs held till Maturity |
0.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Disposal-Securities under Equity Method |
7.4 |
- |
- |
- |
- |
|
Dec-Guarantee Dep |
0.2 |
0.4 |
0.0 |
0.2 |
0.0 |
|
Decrease-ST Loans |
- |
0.2 |
0.1 |
0.0 |
- |
|
Decrease-LT Financial Assets |
1.0 |
3.7 |
- |
0.0 |
- |
|
Proceeds from Sale of Short-term Financi |
9.1 |
4.7 |
- |
- |
- |
|
Dividend Income-Equity Method Affiliates |
0.3 |
0.4 |
0.2 |
0.7 |
0.0 |
|
Dec-LT Loans |
- |
0.0 |
- |
- |
- |
|
Dec-Other Enrollment |
- |
0.7 |
- |
0.1 |
0.3 |
|
Dec-ST Receivables from Employees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Disposal-Land |
2.4 |
0.3 |
0.2 |
0.2 |
- |
|
Disposal-Buildings |
0.2 |
- |
- |
- |
0.1 |
|
Disposal Structure |
- |
- |
0.0 |
- |
0.0 |
|
Disposal Mach./Equip |
0.1 |
0.5 |
0.2 |
0.6 |
0.2 |
|
Disposal Trans Equip |
- |
0.1 |
0.0 |
0.0 |
0.1 |
|
Disposal-Tools & Supplies |
0.1 |
- |
0.4 |
0.0 |
0.0 |
|
Disp-Fixtures |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Disposal-Installation Equipment |
- |
0.0 |
- |
- |
- |
|
Inc ST Shrhldr Rcvbl |
0.0 |
0.0 |
0.0 |
- |
- |
|
Inc-LT Finl Assets |
-1.9 |
-2.3 |
- |
- |
0.0 |
|
Increase-Securities Available-for-Sale |
- |
- |
- |
-0.2 |
- |
|
Acq-Secs Maturity |
- |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Acq-Secs under Equity Method |
-3.5 |
-0.2 |
-0.2 |
- |
-0.6 |
|
Inc in Guarant Depos |
-0.1 |
-0.2 |
-0.1 |
- |
-0.1 |
|
Increase-ST Financial Assets |
-9.9 |
-9.9 |
-0.2 |
-0.1 |
-0.4 |
|
Increase-Other Enrollment Right |
-0.1 |
- |
- |
- |
-1.5 |
|
Increase-ST Loans |
-0.1 |
-2.8 |
0.0 |
- |
- |
|
Acquisition of Land |
- |
-0.1 |
- |
- |
- |
|
Acquis. of Building |
-0.1 |
-3.4 |
0.0 |
- |
-0.1 |
|
Purch. of Structure |
-0.1 |
-0.2 |
0.0 |
-0.3 |
0.0 |
|
Purch. of Mach/Equip |
-0.9 |
-2.5 |
-2.9 |
-0.8 |
-5.2 |
|
Acq. of Trans Equip |
-0.1 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
Acq. in Tools/Suppl. |
-2.1 |
-1.4 |
-1.4 |
-1.8 |
-1.5 |
|
Acq-Fixtures |
-0.1 |
-0.3 |
-0.1 |
-0.2 |
-0.1 |
|
Increase-Installation Equipments |
-0.1 |
-0.8 |
- |
- |
- |
|
Inc. Const. In Prog |
-8.6 |
-2.5 |
-2.1 |
-3.2 |
-2.0 |
|
Currency Swap |
- |
2.1 |
- |
- |
- |
|
Disposal-Pallet Loan Assets |
9.8 |
6.3 |
- |
- |
- |
|
Purchase of Available for sale Securitie |
-0.1 |
0.0 |
- |
- |
- |
|
Purchase of Other Intangible Assets |
- |
-0.1 |
- |
- |
- |
|
Increased Industry Right |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Increase-Pallet Loan Assets |
-40.8 |
-28.8 |
- |
- |
- |
|
Cash from Investing Activities |
-37.5 |
-36.4 |
-5.8 |
-5.0 |
-10.4 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
109.0 |
74.2 |
93.1 |
77.0 |
47.4 |
|
Inc in LT Borrowings |
16.6 |
7.3 |
9.4 |
5.4 |
18.9 |
|
Increase-Accrued Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Repay ST Borrowings |
-113.4 |
-57.8 |
-85.3 |
-79.3 |
-50.4 |
|
Dec in LT Borrowings |
- |
-4.1 |
-0.7 |
0.0 |
-13.6 |
|
Repay Curr LT Liabs |
-22.0 |
-27.4 |
-8.5 |
-1.9 |
-0.2 |
|
Decrease-Government Subsidy |
0.0 |
- |
- |
- |
- |
|
Dividends Payable |
-2.0 |
-1.3 |
-1.5 |
-1.8 |
-1.6 |
|
Increase-Subsidy from Government |
0.1 |
0.2 |
- |
- |
- |
|
Cash Flow from Consolidated Adjustment |
0.8 |
3.2 |
- |
- |
- |
|
Proceeds from Sale of Treasury Stock |
- |
9.4 |
- |
- |
- |
|
Increase-Capital Lease Payable |
19.6 |
3.9 |
- |
- |
- |
|
Capital Increase |
- |
4.8 |
- |
- |
- |
|
Decrease-Capital Lease Payable |
-2.4 |
-0.1 |
- |
- |
- |
|
Cash from Financing Activities |
6.4 |
12.2 |
6.5 |
-0.5 |
0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
- |
|
Net Change in Cash |
-2.7 |
7.0 |
4.7 |
0.6 |
-4.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
13.8 |
5.5 |
1.7 |
1.4 |
5.5 |
|
Net Cash - Ending Balance |
11.1 |
12.5 |
6.4 |
2.0 |
1.4 |
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 |
Updated 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 |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
Revenue |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
Total Revenue |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
224.8 |
179.8 |
124.1 |
112.3 |
99.5 |
|
Cost of Revenue, Total |
224.8 |
179.8 |
124.1 |
112.3 |
99.5 |
|
Gross Profit |
63.8 |
37.3 |
22.4 |
20.8 |
20.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
12.6 |
10.3 |
6.9 |
7.1 |
7.0 |
|
Labor & Related Expense |
12.4 |
10.6 |
6.7 |
6.3 |
6.5 |
|
Advertising Expense |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Total Selling/General/Administrative Expenses |
25.0 |
20.9 |
13.6 |
13.4 |
13.5 |
|
Research & Development |
0.7 |
- |
- |
- |
- |
|
Depreciation |
0.7 |
0.2 |
0.4 |
0.6 |
0.5 |
|
Amortization of Intangibles |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Depreciation/Amortization |
0.8 |
0.3 |
0.5 |
0.7 |
0.5 |
|
Total Operating Expense |
251.3 |
201.0 |
138.2 |
126.4 |
113.6 |
|
|
|
|
|
|
|
|
Operating Income |
37.3 |
16.0 |
8.3 |
6.7 |
6.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-12.6 |
-11.6 |
-2.8 |
-2.5 |
-2.4 |
|
Interest Expense, Net Non-Operating |
-12.6 |
-11.6 |
-2.8 |
-2.5 |
-2.4 |
|
Interest Income -
Non-Operating |
3.6 |
3.0 |
2.4 |
1.9 |
2.0 |
|
Investment Income -
Non-Operating |
3.5 |
2.9 |
0.0 |
0.4 |
0.4 |
|
Interest/Investment Income - Non-Operating |
7.1 |
5.9 |
2.4 |
2.3 |
2.4 |
|
Interest Income (Expense) - Net Non-Operating Total |
-5.5 |
-5.7 |
-0.4 |
-0.2 |
0.0 |
|
Gain (Loss) on Sale of Assets |
0.7 |
1.4 |
-0.5 |
0.6 |
-0.3 |
|
Other Non-Operating Income (Expense) |
1.2 |
-4.3 |
0.2 |
0.1 |
0.0 |
|
Other, Net |
1.2 |
-4.3 |
0.2 |
0.1 |
0.0 |
|
Income Before Tax |
33.6 |
7.5 |
7.6 |
7.2 |
6.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
11.4 |
3.2 |
1.8 |
1.8 |
1.2 |
|
Income After Tax |
22.2 |
4.2 |
5.7 |
5.3 |
4.8 |
|
|
|
|
|
|
|
|
Minority Interest |
-8.9 |
3.1 |
- |
- |
- |
|
Equity In Affiliates |
- |
-0.3 |
- |
- |
- |
|
Net Income Before Extraord Items |
13.4 |
7.1 |
5.7 |
5.3 |
4.8 |
|
Net Income |
13.4 |
7.1 |
5.7 |
5.3 |
4.8 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Total Adjustments to Net Income |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Income Available to Common Excl Extraord Items |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
36.7 |
32.9 |
28.4 |
28.4 |
28.4 |
|
Basic EPS Excl Extraord Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Basic/Primary EPS Incl Extraord Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
Diluted Weighted Average Shares |
36.7 |
32.9 |
28.4 |
28.4 |
28.4 |
|
Diluted EPS Excl Extraord Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Diluted EPS Incl Extraord Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Dividends per Share - Common Stock Primary Issue |
0.05 |
0.04 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
1.9 |
1.6 |
1.3 |
1.5 |
1.5 |
|
Interest Expense, Supplemental |
12.6 |
11.6 |
2.8 |
2.5 |
2.4 |
|
Depreciation, Supplemental |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Total Special Items |
-0.9 |
-1.6 |
0.5 |
-0.6 |
0.3 |
|
Normalized Income Before Tax |
32.7 |
5.9 |
8.0 |
6.6 |
6.3 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-0.2 |
-0.6 |
0.1 |
-0.1 |
0.1 |
|
Inc Tax Ex Impact of Sp Items |
11.1 |
2.6 |
2.0 |
1.7 |
1.3 |
|
Normalized Income After Tax |
21.6 |
3.3 |
6.1 |
4.9 |
5.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.5 |
6.0 |
5.9 |
4.6 |
4.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.34 |
0.18 |
0.21 |
0.16 |
0.17 |
|
Diluted Normalized EPS |
0.34 |
0.18 |
0.21 |
0.16 |
0.17 |
|
Amort of Acquisition Costs, Supplemental |
-0.2 |
-0.2 |
- |
- |
- |
|
Amort of Intangibles, Supplemental |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Rental Expenses |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Advertising Expense, Supplemental |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Research & Development Exp, Supplemental |
0.7 |
- |
- |
- |
- |
|
Normalized EBIT |
37.3 |
16.0 |
8.3 |
6.7 |
6.3 |
|
Normalized EBITDA |
89.7 |
61.4 |
13.5 |
13.0 |
12.1 |
Interim Income Statement
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Calculated |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1164.000484 |
1145.278736 |
1168.639301 |
1239.09837 |
1287.145699 |
|
|
|
|
|
|
|
|
Net Sales |
41.0 |
43.9 |
39.8 |
38.9 |
27.1 |
|
Revenue |
41.0 |
43.9 |
39.8 |
38.9 |
27.1 |
|
Total Revenue |
41.0 |
43.9 |
39.8 |
38.9 |
27.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
34.2 |
36.5 |
34.5 |
32.6 |
21.1 |
|
Cost of Revenue, Total |
34.2 |
36.5 |
34.5 |
32.6 |
21.1 |
|
Gross Profit |
6.7 |
7.4 |
5.3 |
6.3 |
5.9 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
2.3 |
2.0 |
1.8 |
1.8 |
1.5 |
|
Labor & Related Expense |
1.2 |
1.4 |
2.6 |
2.3 |
1.1 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Selling/General/Administrative Expenses |
3.5 |
3.4 |
4.4 |
4.1 |
2.6 |
|
Depreciation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Amortization of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation/Amortization |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Operating Expense |
37.9 |
40.0 |
39.0 |
36.8 |
23.8 |
|
|
|
|
|
|
|
|
Operating Income |
3.1 |
3.9 |
0.8 |
2.1 |
3.3 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.7 |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
|
Interest Expense, Net Non-Operating |
-0.7 |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
|
Interest Income -
Non-Operating |
0.7 |
0.7 |
1.0 |
0.3 |
0.7 |
|
Investment Income -
Non-Operating |
0.7 |
0.1 |
-2.3 |
0.7 |
-0.6 |
|
Interest/Investment Income - Non-Operating |
1.4 |
0.8 |
-1.3 |
1.0 |
0.2 |
|
Interest Income (Expense) - Net Non-Operating Total |
0.7 |
0.3 |
-1.8 |
0.5 |
-0.3 |
|
Gain (Loss) on Sale of Assets |
0.0 |
0.0 |
-0.1 |
0.0 |
0.1 |
|
Other Non-Operating Income (Expense) |
0.5 |
-0.1 |
0.0 |
0.0 |
1.0 |
|
Other, Net |
0.5 |
-0.1 |
0.0 |
0.0 |
1.0 |
|
Income Before Tax |
4.3 |
4.1 |
-1.1 |
2.6 |
4.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.8 |
1.0 |
-0.4 |
0.6 |
0.9 |
|
Income After Tax |
3.5 |
3.1 |
-0.7 |
2.0 |
3.1 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
3.5 |
3.1 |
-0.7 |
2.0 |
3.1 |
|
Net Income |
3.5 |
3.1 |
-0.7 |
2.0 |
3.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-0.1 |
-0.1 |
-0.1 |
- |
0.0 |
|
Total Adjustments to Net Income |
-0.1 |
-0.1 |
-0.1 |
- |
0.0 |
|
Income Available to Common Excl Extraord Items |
3.4 |
3.1 |
-0.8 |
2.0 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
3.4 |
3.1 |
-0.8 |
2.0 |
3.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
36.7 |
36.7 |
36.9 |
36.7 |
29.8 |
|
Basic EPS Excl Extraord Items |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Basic/Primary EPS Incl Extraord Items |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Diluted Net Income |
3.4 |
3.1 |
-0.8 |
2.0 |
3.0 |
|
Diluted Weighted Average Shares |
36.7 |
36.7 |
36.9 |
36.7 |
29.8 |
|
Diluted EPS Excl Extraord Items |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Diluted EPS Incl Extraord Items |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.05 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
1.7 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
0.7 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Depreciation, Supplemental |
1.6 |
1.4 |
1.4 |
1.4 |
1.2 |
|
Total Special Items |
0.0 |
0.0 |
0.1 |
0.0 |
-0.1 |
|
Normalized Income Before Tax |
4.2 |
4.1 |
-1.0 |
2.6 |
4.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
0.8 |
1.0 |
-0.4 |
0.6 |
0.9 |
|
Normalized Income After Tax |
3.4 |
3.1 |
-0.7 |
2.0 |
3.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3.4 |
3.1 |
-0.8 |
2.0 |
3.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Diluted Normalized EPS |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rental Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized EBIT |
3.1 |
3.9 |
0.8 |
2.1 |
3.3 |
|
Normalized EBITDA |
4.7 |
5.3 |
2.2 |
3.6 |
4.5 |
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 |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
11.3 |
13.7 |
5.6 |
2.0 |
1.4 |
|
Short Term Investments |
10.0 |
9.4 |
0.5 |
0.5 |
0.4 |
|
Cash and Short Term Investments |
21.3 |
23.1 |
6.1 |
2.5 |
1.9 |
|
Accounts Receivable -
Trade, Gross |
46.9 |
47.3 |
32.1 |
41.4 |
33.0 |
|
Provision for Doubtful
Accounts |
-1.6 |
-2.0 |
-0.8 |
-1.1 |
-0.9 |
|
Trade Accounts Receivable - Net |
45.6 |
45.5 |
31.3 |
40.4 |
32.1 |
|
Other Receivables |
2.8 |
2.7 |
0.1 |
0.0 |
0.1 |
|
Total Receivables, Net |
48.4 |
48.2 |
31.4 |
40.4 |
32.2 |
|
Inventories - Finished Goods |
27.4 |
12.6 |
5.1 |
6.7 |
7.9 |
|
Inventories - Work In Progress |
0.8 |
0.4 |
0.2 |
0.5 |
0.4 |
|
Inventories - Raw Materials |
7.6 |
4.5 |
4.1 |
3.3 |
3.2 |
|
Inventories - Other |
1.3 |
1.1 |
0.2 |
0.4 |
0.3 |
|
Total Inventory |
37.1 |
18.6 |
9.7 |
11.0 |
11.8 |
|
Prepaid Expenses |
1.3 |
0.6 |
0.3 |
0.6 |
0.5 |
|
Deferred Income Tax - Current Asset |
0.8 |
1.1 |
0.5 |
0.2 |
0.2 |
|
Other Current Assets |
0.2 |
0.6 |
2.1 |
- |
- |
|
Other Current Assets, Total |
1.1 |
1.7 |
2.6 |
0.2 |
0.2 |
|
Total Current Assets |
109.1 |
92.2 |
50.1 |
54.7 |
46.5 |
|
|
|
|
|
|
|
|
Buildings |
40.7 |
35.9 |
19.7 |
26.5 |
25.8 |
|
Land/Improvements |
26.0 |
29.8 |
4.3 |
5.8 |
5.4 |
|
Machinery/Equipment |
85.5 |
71.9 |
52.2 |
71.1 |
68.3 |
|
Construction in
Progress |
1.4 |
0.7 |
0.2 |
0.4 |
0.4 |
|
Leases |
324.7 |
288.8 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
478.3 |
427.1 |
76.5 |
103.7 |
99.9 |
|
Accumulated Depreciation |
-268.9 |
-212.9 |
-41.6 |
-57.0 |
-52.7 |
|
Property/Plant/Equipment - Net |
209.4 |
214.2 |
34.9 |
46.8 |
47.1 |
|
Goodwill, Net |
-9.4 |
-9.3 |
- |
- |
- |
|
Intangibles, Net |
0.3 |
0.3 |
0.1 |
0.2 |
0.1 |
|
LT Investment - Affiliate Companies |
21.2 |
21.5 |
8.4 |
7.4 |
7.6 |
|
LT Investments - Other |
4.3 |
4.0 |
1.8 |
2.7 |
2.5 |
|
Long Term Investments |
25.5 |
25.4 |
10.2 |
10.1 |
10.1 |
|
Note Receivable - Long Term |
7.2 |
1.2 |
11.7 |
11.5 |
11.4 |
|
Other Long Term Assets |
4.5 |
4.5 |
1.6 |
2.1 |
2.4 |
|
Other Long Term Assets, Total |
4.5 |
4.5 |
1.6 |
2.1 |
2.4 |
|
Total Assets |
346.6 |
328.5 |
108.6 |
125.3 |
117.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
6.9 |
3.9 |
5.2 |
9.2 |
7.4 |
|
Accrued Expenses |
2.7 |
3.7 |
2.2 |
2.2 |
2.1 |
|
Notes Payable/Short Term Debt |
38.9 |
42.4 |
18.3 |
13.7 |
16.0 |
|
Current Portion - Long Term Debt/Capital Leases |
39.4 |
21.8 |
14.7 |
9.9 |
1.9 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
2.6 |
2.5 |
1.0 |
0.6 |
0.2 |
|
Security Deposits |
0.9 |
1.1 |
0.8 |
0.9 |
0.7 |
|
Income Taxes Payable |
3.5 |
3.0 |
0.9 |
1.3 |
1.1 |
|
Other Payables |
38.5 |
50.7 |
1.4 |
1.7 |
1.4 |
|
Other Current Liabilities |
2.1 |
1.8 |
0.7 |
0.5 |
0.7 |
|
Other Current liabilities, Total |
47.7 |
59.2 |
4.8 |
4.9 |
4.0 |
|
Total Current Liabilities |
135.6 |
131.0 |
45.3 |
39.9 |
31.3 |
|
|
|
|
|
|
|
|
Long Term Debt |
35.6 |
50.5 |
8.3 |
17.9 |
22.6 |
|
Capital Lease Obligations |
16.9 |
5.5 |
- |
- |
- |
|
Total Long Term Debt |
52.5 |
56.0 |
8.3 |
17.9 |
22.6 |
|
Total Debt |
130.8 |
120.2 |
41.3 |
41.5 |
40.4 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
3.8 |
0.4 |
1.0 |
0.3 |
0.3 |
|
Deferred Income Tax |
3.8 |
0.4 |
1.0 |
0.3 |
0.3 |
|
Minority Interest |
55.4 |
46.0 |
- |
- |
- |
|
Pension Benefits - Underfunded |
1.1 |
1.3 |
0.3 |
1.7 |
1.3 |
|
Other Long Term Liabilities |
6.5 |
20.5 |
0.2 |
0.1 |
0.2 |
|
Other Liabilities, Total |
7.6 |
21.8 |
0.5 |
1.8 |
1.4 |
|
Total Liabilities |
255.0 |
255.2 |
55.1 |
59.9 |
55.6 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
2.3 |
2.3 |
2.1 |
2.8 |
2.8 |
|
Preferred Stock - Non Redeemable, Net |
2.3 |
2.3 |
2.1 |
2.8 |
2.8 |
|
Common Stock |
16.2 |
15.8 |
14.6 |
19.6 |
19.7 |
|
Common Stock |
16.2 |
15.8 |
14.6 |
19.6 |
19.7 |
|
Additional Paid-In Capital |
15.5 |
15.1 |
9.8 |
13.2 |
13.3 |
|
Retained Earnings (Accumulated Deficit) |
59.0 |
37.9 |
29.2 |
34.2 |
30.9 |
|
Treasury Stock - Common |
-0.3 |
-0.3 |
-4.3 |
-5.8 |
-5.8 |
|
Unrealized Gain (Loss) |
1.8 |
2.5 |
2.2 |
1.3 |
1.0 |
|
Translation Adjustment |
-1.6 |
- |
- |
- |
- |
|
Other Equity |
-1.4 |
0.0 |
- |
- |
- |
|
Other Equity, Total |
-3.0 |
0.0 |
- |
- |
- |
|
Total Equity |
91.6 |
73.3 |
53.5 |
65.4 |
62.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
346.6 |
328.5 |
108.6 |
125.3 |
117.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
36.7 |
36.7 |
28.4 |
28.4 |
28.4 |
|
Total Common Shares Outstanding |
36.7 |
36.7 |
28.4 |
28.4 |
28.4 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
8.3 |
8.3 |
8.3 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Total Preferred Stock Outstanding |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Treasury Shares - Preferred Primary Issue |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
|
Employees |
227 |
179 |
194 |
208 |
- |
|
Number of Common Shareholders |
2,530 |
2,269 |
1,133 |
1,227 |
- |
|
Deferred Revenue - Current |
2.6 |
2.5 |
1.0 |
0.6 |
0.2 |
|
Total Long Term Debt, Supplemental |
68.7 |
69.8 |
23.0 |
27.8 |
24.4 |
|
Long Term Debt Maturing within 1 Year |
33.1 |
19.3 |
14.7 |
9.9 |
1.9 |
|
Long Term Debt Maturing in Year 2 |
14.1 |
31.3 |
2.5 |
15.2 |
4.7 |
|
Long Term Debt Maturing in Year 3 |
16.1 |
10.8 |
5.7 |
1.3 |
15.2 |
|
Long Term Debt Maturing in Year 4 |
2.2 |
3.2 |
0.0 |
1.3 |
1.3 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
0.0 |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
30.2 |
42.1 |
8.2 |
16.5 |
19.9 |
|
Long Term Debt Maturing in 4-5 Years |
2.2 |
3.2 |
0.0 |
1.3 |
1.3 |
|
Long Term Debt Matur. in Year 6 & Beyond |
3.1 |
5.2 |
0.0 |
0.0 |
1.3 |
|
Total Capital Leases, Supplemental |
23.2 |
8.0 |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
6.3 |
2.5 |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
5.5 |
2.2 |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
3.8 |
1.1 |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
3.9 |
0.7 |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
9.3 |
3.3 |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
3.9 |
0.7 |
- |
- |
- |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
3.7 |
1.4 |
- |
- |
- |
|
Total Operating Leases, Supplemental |
1.4 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 1 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 2 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 3 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 4 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 5 |
0.0 |
- |
- |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
0.1 |
- |
- |
- |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
0.1 |
- |
- |
- |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
1.2 |
- |
- |
- |
- |
Interim Balance Sheet
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1221.965 |
1131.45 |
1164.475 |
1178.25 |
1273.95 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2.1 |
2.3 |
3.8 |
4.0 |
6.0 |
|
Short Term Investments |
0.2 |
0.1 |
0.1 |
0.2 |
1.7 |
|
Cash and Short Term Investments |
2.3 |
2.4 |
3.9 |
4.2 |
7.7 |
|
Accounts Receivable -
Trade, Gross |
45.2 |
41.0 |
38.4 |
37.3 |
31.0 |
|
Provision for Doubtful
Accounts |
-0.7 |
-1.1 |
-1.0 |
-1.0 |
-0.9 |
|
Trade Accounts Receivable - Net |
44.5 |
39.9 |
37.4 |
36.3 |
30.1 |
|
Other Receivables |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Total Receivables, Net |
44.6 |
40.0 |
37.5 |
36.5 |
30.2 |
|
Inventories - Finished Goods |
6.7 |
6.0 |
5.0 |
5.4 |
4.6 |
|
Inventories - Work In Progress |
0.5 |
0.5 |
0.4 |
0.4 |
0.3 |
|
Inventories - Raw Materials |
7.9 |
6.9 |
4.5 |
4.3 |
3.6 |
|
Inventories - Other |
0.8 |
0.6 |
0.3 |
0.4 |
0.2 |
|
Total Inventory |
15.8 |
14.0 |
10.2 |
10.6 |
8.7 |
|
Prepaid Expenses |
0.2 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Deferred Income Tax - Current Asset |
0.1 |
0.2 |
0.3 |
0.5 |
0.5 |
|
Other Current Assets |
0.0 |
0.0 |
- |
1.7 |
2.3 |
|
Other Current Assets, Total |
0.1 |
0.2 |
0.3 |
2.2 |
2.8 |
|
Total Current Assets |
63.0 |
57.0 |
52.2 |
53.8 |
49.6 |
|
|
|
|
|
|
|
|
Buildings |
20.0 |
21.6 |
21.4 |
21.1 |
19.5 |
|
Land/Improvements |
4.4 |
4.8 |
4.6 |
4.6 |
4.2 |
|
Machinery/Equipment |
63.4 |
64.3 |
61.2 |
59.9 |
51.5 |
|
Construction in Progress |
0.8 |
0.5 |
0.7 |
0.3 |
0.4 |
|
Property/Plant/Equipment - Gross |
88.6 |
91.2 |
87.9 |
85.8 |
75.7 |
|
Accumulated Depreciation |
-48.3 |
-51.3 |
-48.8 |
-46.7 |
-41.8 |
|
Property/Plant/Equipment - Net |
40.3 |
39.9 |
39.1 |
39.2 |
33.9 |
|
Intangibles, Net |
1.4 |
1.5 |
1.4 |
1.4 |
1.3 |
|
LT Investment - Affiliate Companies |
23.4 |
24.6 |
24.0 |
24.8 |
22.7 |
|
LT Investments - Other |
0.8 |
1.3 |
1.5 |
1.7 |
1.5 |
|
Long Term Investments |
24.2 |
25.9 |
25.5 |
26.5 |
24.2 |
|
Note Receivable - Long Term |
12.5 |
13.7 |
11.9 |
12.3 |
8.2 |
|
Other Long Term Assets |
0.4 |
0.5 |
0.5 |
0.6 |
0.5 |
|
Other Long Term Assets, Total |
0.4 |
0.5 |
0.5 |
0.6 |
0.5 |
|
Total Assets |
141.7 |
138.5 |
130.5 |
133.7 |
117.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
9.9 |
10.7 |
11.2 |
8.7 |
6.2 |
|
Accrued Expenses |
0.6 |
1.2 |
2.4 |
0.9 |
1.5 |
|
Notes Payable/Short Term Debt |
40.0 |
31.5 |
22.5 |
21.7 |
20.3 |
|
Current Portion - Long Term Debt/Capital Leases |
3.0 |
2.9 |
2.8 |
11.3 |
10.9 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
0.6 |
0.1 |
0.5 |
0.3 |
0.2 |
|
Security Deposits |
0.9 |
1.0 |
1.1 |
0.9 |
0.8 |
|
Income Taxes Payable |
1.4 |
2.7 |
3.0 |
3.4 |
3.0 |
|
Other Payables |
2.4 |
1.5 |
4.2 |
4.1 |
1.1 |
|
Other Current Liabilities |
0.1 |
0.1 |
0.8 |
0.1 |
0.1 |
|
Other Current liabilities, Total |
5.5 |
5.4 |
9.6 |
8.9 |
5.2 |
|
Total Current Liabilities |
59.0 |
51.7 |
48.5 |
51.6 |
44.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
6.5 |
7.9 |
6.5 |
7.1 |
7.3 |
|
Total Long Term Debt |
6.5 |
7.9 |
6.5 |
7.1 |
7.3 |
|
Total Debt |
49.5 |
42.4 |
31.8 |
40.1 |
38.5 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.8 |
0.9 |
0.9 |
1.1 |
1.0 |
|
Deferred Income Tax |
0.8 |
0.9 |
0.9 |
1.1 |
1.0 |
|
Pension Benefits - Underfunded |
0.9 |
0.7 |
0.5 |
0.7 |
0.6 |
|
Other Long Term Liabilities |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Other Liabilities, Total |
0.9 |
0.9 |
0.6 |
0.9 |
0.7 |
|
Total Liabilities |
67.2 |
61.3 |
56.5 |
60.6 |
53.0 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
2.2 |
2.3 |
2.3 |
2.2 |
2.1 |
|
Preferred Stock - Non Redeemable, Net |
2.2 |
2.3 |
2.3 |
2.2 |
2.1 |
|
Common Stock |
15.0 |
16.2 |
15.8 |
15.6 |
14.4 |
|
Common Stock |
15.0 |
16.2 |
15.8 |
15.6 |
14.4 |
|
Additional Paid-In Capital |
14.4 |
15.6 |
15.1 |
15.0 |
13.8 |
|
Retained Earnings (Accumulated Deficit) |
40.5 |
40.2 |
37.9 |
38.2 |
32.4 |
|
Treasury Stock - Common |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
|
Unrealized Gain (Loss) |
2.7 |
3.2 |
3.3 |
2.5 |
2.3 |
|
Total Equity |
74.5 |
77.2 |
74.0 |
73.1 |
64.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
141.7 |
138.5 |
130.5 |
133.7 |
117.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
36.7 |
36.7 |
36.7 |
36.7 |
36.7 |
|
Total Common Shares Outstanding |
36.7 |
36.7 |
36.7 |
36.7 |
36.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Total Preferred Stock Outstanding |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Treasury Shares - Preferred Primary Issue |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
|
Employees |
182 |
182 |
179 |
184 |
185 |
|
Number of Common Shareholders |
- |
- |
2,269 |
- |
- |
|
Deferred Revenue - Current |
0.6 |
0.1 |
0.5 |
0.5 |
0.3 |
|
Total Long Term Debt, Supplemental |
9.5 |
10.9 |
9.3 |
18.4 |
18.2 |
|
Long Term Debt Maturing within 1 Year |
3.0 |
2.2 |
2.8 |
9.2 |
10.9 |
|
Long Term Debt Maturing in Year 2 |
6.4 |
6.6 |
6.4 |
2.8 |
2.8 |
|
Long Term Debt Maturing in Year 3 |
0.0 |
2.0 |
0.0 |
6.3 |
4.5 |
|
Long Term Debt Maturing in Year 4 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
0.0 |
- |
|
Long Term Debt Maturing in 2-3 Years |
6.4 |
8.6 |
6.4 |
9.1 |
7.3 |
|
Long Term Debt Maturing in 4-5 Years |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
Annual Cash Flows
Standardized
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
22.2 |
4.0 |
5.7 |
5.3 |
4.8 |
|
Depreciation |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Depreciation/Depletion |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Amortization of Intangibles |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Amortization of Acquisition Costs |
-0.2 |
-0.2 |
- |
- |
- |
|
Amortization |
-0.1 |
-0.1 |
0.0 |
0.1 |
0.1 |
|
Deferred Taxes |
5.2 |
1.0 |
0.2 |
0.0 |
0.0 |
|
Unusual Items |
0.2 |
-1.0 |
0.4 |
-0.6 |
0.4 |
|
Equity in Net Earnings (Loss) |
-3.7 |
-2.7 |
-1.3 |
-0.3 |
-0.2 |
|
Other Non-Cash Items |
3.3 |
6.8 |
0.1 |
-0.5 |
-0.9 |
|
Non-Cash Items |
-0.2 |
3.1 |
-0.8 |
-1.3 |
-0.7 |
|
Accounts Receivable |
-1.9 |
16.8 |
-3.2 |
-7.0 |
-0.7 |
|
Inventories |
-17.6 |
-6.6 |
-1.8 |
0.8 |
-2.5 |
|
Prepaid Expenses |
-0.6 |
-0.2 |
0.1 |
-0.1 |
0.1 |
|
Other Assets |
- |
- |
- |
- |
0.0 |
|
Accounts Payable |
-28.3 |
-32.1 |
-1.7 |
2.3 |
-1.9 |
|
Accrued Expenses |
-1.0 |
0.6 |
0.7 |
0.1 |
0.6 |
|
Taxes Payable |
0.4 |
0.4 |
-0.1 |
0.2 |
0.4 |
|
Other Liabilities |
-2.2 |
-1.2 |
-0.5 |
-0.4 |
-0.1 |
|
Changes in Working Capital |
-51.3 |
-22.3 |
-6.4 |
-4.2 |
-4.1 |
|
Cash from Operating Activities |
28.4 |
31.2 |
4.0 |
6.1 |
5.7 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-12.2 |
-11.2 |
-6.6 |
-6.4 |
-9.0 |
|
Purchase/Acquisition of Intangibles |
0.0 |
-0.1 |
0.0 |
-0.1 |
0.0 |
|
Capital Expenditures |
-12.3 |
-11.4 |
-6.6 |
-6.4 |
-9.0 |
|
Sale of Fixed Assets |
2.8 |
0.8 |
0.8 |
0.7 |
0.4 |
|
Sale/Maturity of Investment |
17.9 |
8.6 |
0.4 |
0.0 |
0.5 |
|
Purchase of Investments |
-15.3 |
-12.5 |
-0.4 |
-0.3 |
-1.1 |
|
Other Investing Cash Flow |
-30.8 |
-21.9 |
0.1 |
1.0 |
-1.1 |
|
Other Investing Cash Flow Items, Total |
-25.3 |
-25.0 |
0.8 |
1.4 |
-1.4 |
|
Cash from Investing Activities |
-37.5 |
-36.4 |
-5.8 |
-5.0 |
-10.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.9 |
3.4 |
0.0 |
0.0 |
- |
|
Financing Cash Flow Items |
0.9 |
3.4 |
0.0 |
0.0 |
- |
|
Total Cash Dividends Paid |
-2.0 |
-1.3 |
-1.5 |
-1.8 |
-1.6 |
|
Sale/Issuance of
Common |
- |
14.2 |
- |
- |
- |
|
Common Stock, Net |
- |
14.2 |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
- |
14.2 |
- |
- |
- |
|
Short Term Debt Issued |
109.0 |
74.2 |
93.1 |
77.0 |
47.4 |
|
Short Term Debt
Reduction |
-113.4 |
-57.8 |
-85.3 |
-79.3 |
-50.4 |
|
Short Term Debt, Net |
-4.4 |
16.4 |
7.8 |
-2.2 |
-2.9 |
|
Long Term Debt Issued |
36.3 |
11.2 |
9.4 |
5.4 |
18.9 |
|
Long Term Debt
Reduction |
-24.4 |
-31.6 |
-9.2 |
-1.9 |
-13.8 |
|
Long Term Debt, Net |
11.8 |
-20.4 |
0.2 |
3.5 |
5.1 |
|
Issuance (Retirement) of Debt, Net |
7.5 |
-4.1 |
8.0 |
1.3 |
2.2 |
|
Cash from Financing Activities |
6.4 |
12.2 |
6.5 |
-0.5 |
0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
- |
|
Net Change in Cash |
-2.7 |
7.0 |
4.7 |
0.6 |
-4.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
13.8 |
5.5 |
1.7 |
1.4 |
5.5 |
|
Net Cash - Ending Balance |
11.1 |
12.5 |
6.4 |
2.0 |
1.4 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1155.056202 |
1145.278736 |
1276.385219 |
1312.536314 |
1349.245082 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
6.6 |
3.1 |
7.1 |
7.6 |
4.6 |
|
Depreciation |
3.0 |
1.4 |
5.0 |
3.6 |
2.2 |
|
Depreciation/Depletion |
3.0 |
1.4 |
5.0 |
3.6 |
2.2 |
|
Amortization of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxes |
0.3 |
0.0 |
-0.2 |
-0.1 |
0.0 |
|
Unusual Items |
0.6 |
0.2 |
0.1 |
0.3 |
-0.4 |
|
Equity in Net Earnings (Loss) |
-1.3 |
-0.2 |
1.6 |
-0.5 |
-0.2 |
|
Other Non-Cash Items |
-1.2 |
-0.1 |
-1.6 |
-0.7 |
-0.4 |
|
Non-Cash Items |
-1.9 |
-0.1 |
0.1 |
-0.9 |
-0.9 |
|
Accounts Receivable |
-8.9 |
-4.1 |
-0.5 |
-3.1 |
5.0 |
|
Inventories |
-6.4 |
-3.4 |
0.2 |
-0.2 |
0.8 |
|
Prepaid Expenses |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Accounts Payable |
-2.5 |
-2.0 |
7.6 |
5.1 |
0.7 |
|
Accrued Expenses |
-0.8 |
-0.7 |
0.0 |
-0.4 |
-0.7 |
|
Taxes Payable |
-2.4 |
-1.0 |
0.5 |
1.4 |
2.0 |
|
Other Liabilities |
-0.7 |
-1.0 |
-0.9 |
-1.3 |
-1.3 |
|
Changes in Working Capital |
-21.7 |
-12.2 |
6.9 |
1.4 |
6.4 |
|
Cash from Operating Activities |
-13.7 |
-7.8 |
19.0 |
11.7 |
12.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-6.5 |
-1.6 |
-6.5 |
-5.4 |
-1.8 |
|
Purchase/Acquisition of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
-6.5 |
-1.6 |
-6.6 |
-5.4 |
-1.8 |
|
Sale of Fixed Assets |
0.3 |
0.3 |
0.4 |
0.4 |
0.4 |
|
Sale/Maturity of Investment |
0.0 |
0.0 |
2.1 |
2.0 |
0.4 |
|
Purchase of Investments |
-0.1 |
0.0 |
-16.0 |
-15.3 |
-14.9 |
|
Other Investing Cash Flow |
0.0 |
0.0 |
2.2 |
0.1 |
0.1 |
|
Other Investing Cash Flow Items, Total |
0.3 |
0.3 |
-11.1 |
-12.9 |
-14.0 |
|
Cash from Investing Activities |
-6.2 |
-1.4 |
-17.7 |
-18.3 |
-15.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-1.2 |
-0.6 |
-14.3 |
-4.2 |
-4.8 |
|
Financing Cash Flow Items |
-1.2 |
-0.6 |
-14.3 |
-4.2 |
-4.8 |
|
Total Cash Dividends Paid |
-2.0 |
-2.0 |
-1.3 |
-1.3 |
-1.2 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
9.4 |
7.8 |
7.6 |
|
Common Stock, Net |
0.0 |
0.0 |
9.4 |
7.8 |
7.6 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
9.4 |
7.8 |
7.6 |
|
Short Term Debt Issued |
45.0 |
19.2 |
50.4 |
31.7 |
25.4 |
|
Short Term Debt
Reduction |
-25.3 |
-11.0 |
-47.8 |
-29.6 |
-23.4 |
|
Short Term Debt, Net |
19.7 |
8.3 |
2.6 |
2.2 |
2.0 |
|
Long Term Debt Issued |
1.9 |
1.9 |
0.3 |
0.3 |
0.3 |
|
Long Term Debt
Reduction |
0.0 |
0.0 |
- |
0.0 |
- |
|
Long Term Debt, Net |
1.9 |
1.9 |
0.3 |
0.3 |
0.3 |
|
Issuance (Retirement) of Debt, Net |
21.6 |
10.2 |
2.9 |
2.5 |
2.2 |
|
Cash from Financing Activities |
18.4 |
7.6 |
-3.4 |
4.8 |
3.9 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-1.5 |
-1.5 |
-2.1 |
-1.8 |
0.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
3.8 |
3.8 |
5.5 |
5.4 |
5.2 |
|
Net Cash - Ending Balance |
2.3 |
2.3 |
3.4 |
3.6 |
5.7 |
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 |
Updated 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 |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Revenue |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
Total Revenue |
288.6 |
217.0 |
146.4 |
133.1 |
119.9 |
|
|
|
|
|
|
|
|
Cost-Revenue |
224.8 |
179.8 |
124.1 |
112.3 |
99.5 |
|
Salaries & Wages |
9.7 |
8.3 |
5.9 |
5.0 |
5.4 |
|
Retirement Allowance |
1.7 |
1.2 |
0.3 |
0.7 |
0.5 |
|
Employee Benefits |
1.0 |
1.1 |
0.5 |
0.6 |
0.5 |
|
Travel Expenses |
0.5 |
0.5 |
0.3 |
0.3 |
0.3 |
|
Communication Exp. |
0.3 |
0.4 |
0.1 |
0.2 |
0.2 |
|
Utility Expenses |
0.3 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
0.6 |
0.6 |
0.4 |
0.4 |
0.4 |
|
Rent |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Depreciation Expense |
0.7 |
0.2 |
0.4 |
0.6 |
0.5 |
|
Repair Expenses |
0.5 |
0.4 |
0.2 |
0.2 |
0.2 |
|
Insurance Expenses |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Entertainment |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Advertising Expense |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Expenses for Samples |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Overseas Mkt Develop |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Research & Development Expense |
0.7 |
- |
- |
- |
- |
|
Maintenance Expense |
0.1 |
0.2 |
- |
- |
- |
|
Shipping/Handling |
6.4 |
4.0 |
4.4 |
4.2 |
3.9 |
|
Sales Commissions |
0.1 |
0.2 |
0.1 |
0.0 |
0.1 |
|
Commissions Paid |
2.0 |
1.6 |
0.3 |
0.5 |
0.5 |
|
Office Supplies |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Consumable Expense |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Education & Training |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Transportation Equip |
0.5 |
0.5 |
0.4 |
0.5 |
0.5 |
|
Amort. of Bad Debts |
0.0 |
0.9 |
0.3 |
0.2 |
0.3 |
|
Publication Expenses |
0.0 |
0.0 |
- |
- |
- |
|
Amortization-Intangibles |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Misc. Adm & Selling Expenses |
0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Technology Implementation Expense |
0.0 |
- |
- |
- |
- |
|
Total Operating Expense |
251.3 |
201.0 |
138.2 |
126.4 |
113.6 |
|
|
|
|
|
|
|
|
Interest Income |
3.6 |
3.0 |
2.4 |
1.9 |
2.0 |
|
Dividend Income |
0.7 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Gain-Valuation of Currency Swap |
- |
- |
2.5 |
0.0 |
- |
|
G-Foreign Currency Transaction |
0.2 |
0.3 |
0.3 |
0.0 |
0.0 |
|
Gain-Foreign Currency Translation |
0.0 |
0.4 |
0.0 |
0.0 |
0.2 |
|
Gain-Currency Swap Transaction |
0.0 |
0.1 |
0.0 |
- |
- |
|
Gain on Disposal of Investment Assets |
- |
0.2 |
0.0 |
- |
0.1 |
|
G-Secs Maturity Disposal |
- |
- |
- |
0.0 |
0.0 |
|
Gain Disposal of Tangible Assets |
1.1 |
2.0 |
0.3 |
0.6 |
0.1 |
|
Recovery-Loan Loss Reserve |
0.4 |
- |
- |
- |
- |
|
Miscellaneous Income |
0.8 |
0.3 |
0.2 |
0.1 |
0.0 |
|
Interest Expense, Non-Operating |
-12.6 |
-11.6 |
-2.8 |
-2.5 |
-2.4 |
|
Loss on Disp of AR |
-0.1 |
-0.2 |
-0.1 |
0.0 |
0.0 |
|
L-Disp Secs Avail. for Sale |
0.0 |
- |
- |
- |
0.0 |
|
L-Foreign Currency Transaction |
-0.1 |
-0.2 |
-0.2 |
0.0 |
0.0 |
|
L-Foreign Exchange Translation |
0.0 |
0.0 |
-4.0 |
0.0 |
0.0 |
|
Loss Disp Tang. Ast |
-0.2 |
-0.3 |
-0.7 |
0.0 |
-0.4 |
|
Other Allowance for Doubtful Accounts |
0.0 |
-2.2 |
- |
- |
- |
|
Loss-Disposal of Other Enrollment Rights |
- |
- |
- |
0.0 |
- |
|
Donations Paid |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Loss-Valuation of Currency Swap |
0.0 |
-0.2 |
- |
- |
-0.2 |
|
Miscellaneous Exp. |
-0.1 |
-2.5 |
0.0 |
-0.1 |
0.0 |
|
Disp of Inv. Assets |
- |
-0.1 |
- |
- |
- |
|
Impairment Losses on Available for Sale |
-0.7 |
-0.3 |
- |
- |
- |
|
Recovery of Negative Goodwill |
0.2 |
0.2 |
- |
- |
- |
|
Losses on Currency Swap Transactions |
0.0 |
0.0 |
- |
- |
- |
|
Gain-Disposal of Equity Method Sec. |
0.1 |
- |
- |
- |
- |
|
Loss-Disposal of Equity Method Sec. |
-0.3 |
- |
- |
- |
- |
|
Gains Under Equity Method |
3.8 |
2.8 |
1.3 |
0.3 |
0.4 |
|
Loss under Equity Method |
-0.1 |
-0.1 |
- |
-0.1 |
-0.2 |
|
Net Income Before Taxes |
33.6 |
7.5 |
7.6 |
7.2 |
6.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
11.4 |
3.2 |
1.8 |
1.8 |
1.2 |
|
Net Income After Taxes |
22.2 |
4.2 |
5.7 |
5.3 |
4.8 |
|
|
|
|
|
|
|
|
Minority Interest Gain |
-8.9 |
3.1 |
- |
- |
- |
|
Earning Before Acquisition of Subsidiary |
- |
-0.3 |
- |
- |
- |
|
Net Income Before Extra. Items |
13.4 |
7.1 |
5.7 |
5.3 |
4.8 |
|
Net Income |
13.4 |
7.1 |
5.7 |
5.3 |
4.8 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Income Available to Com Excl ExtraOrd |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
36.7 |
32.9 |
28.4 |
28.4 |
28.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Basic EPS Including ExtraOrdinary Item |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
- |
|
Diluted Net Income |
13.2 |
6.9 |
5.5 |
5.1 |
4.6 |
|
Diluted Weighted Average Shares |
36.7 |
32.9 |
28.4 |
28.4 |
28.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
Diluted EPS Including ExtraOrd Items |
0.36 |
0.21 |
0.19 |
0.18 |
0.16 |
|
DPS-Common Stock |
0.05 |
0.04 |
0.05 |
0.05 |
0.05 |
|
Gross Dividends - Common Stock |
1.9 |
1.6 |
1.3 |
1.5 |
1.5 |
|
Normalized Income Before Taxes |
32.7 |
5.9 |
8.0 |
6.6 |
6.3 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
11.1 |
2.6 |
2.0 |
1.7 |
1.3 |
|
Normalized Income After Taxes |
21.6 |
3.3 |
6.1 |
4.9 |
5.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.5 |
6.0 |
5.9 |
4.6 |
4.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.34 |
0.18 |
0.21 |
0.16 |
0.17 |
|
Diluted Normalized EPS |
0.34 |
0.18 |
0.21 |
0.16 |
0.17 |
|
Interest Expense, Supplemental |
12.6 |
11.6 |
2.8 |
2.5 |
2.4 |
|
R&D Expense, Supplemental |
0.7 |
- |
- |
- |
- |
|
Advertising Expense, Supplemental |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Rental Expense, Supplemental |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Depreciation, Supplemental |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Amort of Intangibles, Supplemental |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Amort of Acquisition Costs |
-0.2 |
-0.2 |
- |
- |
- |
Interim Income Statement
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Calculated |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1164.000484 |
1145.278736 |
1168.639301 |
1239.09837 |
1287.145699 |
|
|
|
|
|
|
|
|
Revenue |
41.0 |
43.9 |
39.8 |
38.9 |
27.1 |
|
Total Revenue |
41.0 |
43.9 |
39.8 |
38.9 |
27.1 |
|
|
|
|
|
|
|
|
Cost-Revenue |
34.2 |
36.5 |
34.5 |
32.6 |
21.1 |
|
Salaries & Wages |
0.9 |
1.1 |
2.3 |
1.1 |
0.8 |
|
Retirement Allowance |
0.1 |
0.2 |
0.1 |
1.1 |
0.1 |
|
Employee Benefits |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Travel Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Communication Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Utility Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Taxes & Dues |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Expense-Consumable Goods |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Office Supplies Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rent |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Vehicles Maintenance Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Repair Expense |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Insurance Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Shipping & Handling Expense |
1.6 |
1.5 |
1.2 |
1.2 |
0.9 |
|
Commission Paid |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Sales Commission |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Entertainment Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advertising Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Education & Training Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Overseas Market Development Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Technology Implementation Expense |
0.0 |
- |
- |
- |
- |
|
Expense-Samples |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision-Bad Debt |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Depreciation Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Amortization-Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Miscellaneous Operating Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Operating Expense |
37.9 |
40.0 |
39.0 |
36.8 |
23.8 |
|
|
|
|
|
|
|
|
Interest Income |
0.7 |
0.7 |
1.0 |
0.3 |
0.7 |
|
Dividend Income |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Gain-Foreign Exchange Transaction |
0.0 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Gain-Foreign Currency Translation |
0.1 |
0.0 |
-0.5 |
0.6 |
0.0 |
|
Gains on Valuation of Currency Swap |
- |
- |
0.0 |
-0.2 |
- |
|
Gain-Disposal of Tangible Assets |
0.1 |
0.1 |
- |
0.0 |
0.2 |
|
Rec-Losses on Sale of Trade Receivable |
0.0 |
0.0 |
- |
- |
- |
|
Recovery-Loss under Equity Method |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Recovery-Foreign Currency Translation |
0.0 |
0.0 |
0.0 |
- |
0.9 |
|
Miscellaneous Non-Operating Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Non-Operating |
-0.7 |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
|
Losses on Sale of Available for Sale Sec |
-0.5 |
-0.2 |
- |
- |
- |
|
Loss-Foreign Exchange Transaction |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loss-Foreign Currency Translation |
0.0 |
0.0 |
0.0 |
0.3 |
- |
|
Loss-Valuation of Currency Swap |
0.0 |
0.0 |
0.0 |
- |
-0.6 |
|
Loss-Disposal of Accounts Receivable |
0.0 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
Losses on Sale of Property, Plant and Eq |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Impairment Losses on Available for Sale |
- |
- |
-0.2 |
- |
- |
|
Donations |
0.0 |
0.0 |
- |
- |
- |
|
Miscellaneous Non-Operating Expense |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gain under Equity Method |
1.1 |
0.2 |
0.1 |
0.3 |
0.1 |
|
Loss under Equity Method |
0.0 |
0.0 |
-2.4 |
0.0 |
- |
|
Losses on Valuation of Other Derivatives |
- |
- |
0.5 |
-0.5 |
- |
|
Reversal of Allowance for Doubtful Accou |
0.5 |
-0.1 |
- |
- |
- |
|
Net Income Before Taxes |
4.3 |
4.1 |
-1.1 |
2.6 |
4.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.8 |
1.0 |
-0.4 |
0.6 |
0.9 |
|
Net Income After Taxes |
3.5 |
3.1 |
-0.7 |
2.0 |
3.1 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
3.5 |
3.1 |
-0.7 |
2.0 |
3.1 |
|
Net Income |
3.5 |
3.1 |
-0.7 |
2.0 |
3.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-0.1 |
-0.1 |
-0.1 |
- |
0.0 |
|
Income Available to Com Excl ExtraOrd |
3.4 |
3.1 |
-0.8 |
2.0 |
3.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
3.4 |
3.1 |
-0.8 |
2.0 |
3.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
36.7 |
36.7 |
36.9 |
36.7 |
29.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Basic EPS Including ExtraOrdinary Item |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Diluted Net Income |
3.4 |
3.1 |
-0.8 |
2.0 |
3.0 |
|
Diluted Weighted Average Shares |
36.7 |
36.7 |
36.9 |
36.7 |
29.8 |
|
Diluted EPS Excluding ExtraOrd Items |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Diluted EPS Including ExtraOrd Items |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.05 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
1.7 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
4.2 |
4.1 |
-1.0 |
2.6 |
4.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.8 |
1.0 |
-0.4 |
0.6 |
0.9 |
|
Normalized Income After Taxes |
3.4 |
3.1 |
-0.7 |
2.0 |
3.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3.4 |
3.1 |
-0.8 |
2.0 |
3.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Diluted Normalized EPS |
0.09 |
0.08 |
-0.02 |
0.05 |
0.10 |
|
Interest Expense, Supplemental |
0.7 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Rental Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation, Supplemental |
1.6 |
1.4 |
1.4 |
1.4 |
1.2 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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 |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1134.9 |
1164.475 |
1259.55 |
936.05 |
930 |
|
Auditor |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
11.3 |
13.7 |
5.6 |
2.0 |
1.4 |
|
ST Finl Assets |
10.0 |
9.0 |
0.5 |
0.5 |
0.4 |
|
Currency Swap, Current Assets |
0.2 |
0.6 |
2.1 |
- |
- |
|
ST Loan, Net |
5.5 |
5.2 |
0.0 |
0.0 |
0.0 |
|
Trade Rcvb Gross |
49.2 |
48.7 |
33.6 |
43.0 |
34.1 |
|
Discounts on AR |
-2.3 |
-1.4 |
-1.5 |
-1.6 |
-1.2 |
|
Reserve-Doubtful Account |
-1.6 |
-2.0 |
-0.8 |
-1.1 |
-0.9 |
|
Account Receivable, Net |
0.3 |
0.4 |
0.1 |
0.0 |
0.1 |
|
Accrued Income |
0.3 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Advance Payments |
0.8 |
0.8 |
0.0 |
0.1 |
0.1 |
|
Prepaid Expenses |
1.3 |
0.6 |
0.3 |
0.6 |
0.5 |
|
ST Rec Sharehld |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxes |
0.8 |
1.1 |
0.5 |
0.2 |
0.2 |
|
Merchandise |
0.5 |
0.4 |
0.7 |
0.9 |
1.5 |
|
Finished Goods |
26.9 |
12.2 |
4.4 |
5.8 |
6.4 |
|
Work in Progress |
0.8 |
0.4 |
0.2 |
0.5 |
0.4 |
|
Raw Materials |
7.4 |
4.4 |
4.0 |
3.2 |
3.1 |
|
Goods in Transit |
0.1 |
- |
- |
- |
- |
|
Suppl. Material |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Supplies |
0.4 |
0.3 |
0.2 |
0.3 |
0.2 |
|
Held-to-Maturity Securities Current |
- |
0.4 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Shor |
-2.9 |
-2.8 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Othe |
-0.2 |
-0.3 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Accr |
0.0 |
0.0 |
- |
- |
- |
|
Receivable-Recovery of Taxes |
- |
0.2 |
- |
- |
- |
|
Total Current Assets |
109.1 |
92.2 |
50.1 |
54.7 |
46.5 |
|
|
|
|
|
|
|
|
LT Finl Assets |
1.9 |
1.1 |
0.1 |
0.0 |
0.0 |
|
Secs for Sale |
1.9 |
2.4 |
1.7 |
2.6 |
2.4 |
|
Secs-Maturity |
0.5 |
0.4 |
0.0 |
0.1 |
0.1 |
|
Secs-Under Equity Method |
21.2 |
21.5 |
8.4 |
7.4 |
7.6 |
|
Long-term Loans |
0.0 |
0.0 |
- |
- |
- |
|
LT Trade Receivable |
8.7 |
2.8 |
11.7 |
11.5 |
11.4 |
|
Other Enrollment |
1.5 |
1.5 |
1.2 |
1.7 |
1.8 |
|
Guarantee Dep. |
3.0 |
3.0 |
0.4 |
0.4 |
0.6 |
|
Land |
26.2 |
30.0 |
4.4 |
6.0 |
5.6 |
|
Land-Government Subsidy |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Buildings |
34.3 |
29.9 |
15.4 |
20.7 |
20.5 |
|
Buildings Depre. |
-7.3 |
-5.9 |
-3.8 |
-4.6 |
-4.2 |
|
Structures |
6.8 |
6.5 |
4.4 |
5.8 |
5.2 |
|
Structure Depre. |
-2.5 |
-2.3 |
-1.9 |
-2.3 |
-2.1 |
|
Tools/Equipments |
36.4 |
30.8 |
25.3 |
34.6 |
30.9 |
|
Tool/Equip Depr. |
-27.5 |
-24.1 |
-19.7 |
-26.5 |
-23.5 |
|
Tools for Parts-Government Subsidiry |
-0.2 |
-0.2 |
- |
- |
- |
|
Machinery/Equip. |
40.0 |
32.6 |
24.4 |
32.5 |
33.7 |
|
Mach/Equip Depre |
-23.9 |
-19.2 |
-14.0 |
-20.2 |
-20.1 |
|
Gov't Subsidy-Mach/Equip |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Transport Equip. |
1.5 |
1.2 |
0.8 |
1.1 |
1.0 |
|
Transport Deprec |
-1.2 |
-0.9 |
-0.6 |
-0.8 |
-0.7 |
|
Misc. Fixtures |
5.0 |
4.8 |
1.8 |
2.9 |
2.8 |
|
Deprec. Fixtures |
-4.2 |
-3.9 |
-1.6 |
-2.4 |
-2.2 |
|
Construction |
1.4 |
0.7 |
0.2 |
0.4 |
0.4 |
|
Industrial Property Rights |
0.2 |
0.2 |
0.1 |
0.2 |
0.1 |
|
Present Value Discount for Long-term Tra |
-1.3 |
-1.3 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Long |
-0.3 |
-0.4 |
- |
- |
- |
|
Government Subsidy for Structures |
-0.5 |
-0.5 |
- |
- |
- |
|
Government Subsidy for Office Equipment |
-0.2 |
-0.3 |
- |
- |
- |
|
Installation Equipment |
3.2 |
3.0 |
- |
- |
- |
|
Installation Equipment-Depreciation |
-2.3 |
-1.7 |
- |
- |
- |
|
Installation Equipment-Government Subsid |
0.0 |
0.0 |
- |
- |
- |
|
Pallet Loan |
324.7 |
288.8 |
- |
- |
- |
|
Pallet Loan Assets Depreciation |
-200.0 |
-154.9 |
- |
- |
- |
|
Other Intangible |
0.3 |
0.4 |
- |
- |
- |
|
Other Intangibe Assets-Government Subsid |
-0.2 |
-0.3 |
- |
- |
- |
|
Negative Goodwill |
-9.4 |
-9.3 |
- |
- |
- |
|
Total Assets |
346.6 |
328.5 |
108.6 |
125.3 |
117.6 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
6.9 |
3.9 |
5.2 |
9.2 |
7.4 |
|
ST Borrowings |
38.9 |
42.4 |
18.3 |
13.7 |
16.0 |
|
Account Payable |
41.6 |
54.3 |
1.4 |
1.7 |
1.4 |
|
Deposit Withheld |
2.0 |
1.6 |
0.7 |
0.4 |
0.7 |
|
Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inc. Taxes Pay. |
3.5 |
3.0 |
0.9 |
1.3 |
1.1 |
|
Accrued Expenses |
1.9 |
1.7 |
1.3 |
1.5 |
1.4 |
|
Advances Received |
2.6 |
2.5 |
1.0 |
0.6 |
0.2 |
|
VAT Withheld |
0.9 |
2.0 |
0.9 |
0.7 |
0.7 |
|
Import Deposit |
0.9 |
1.1 |
0.8 |
0.9 |
0.7 |
|
Currency Swap, Current |
- |
- |
0.0 |
0.0 |
- |
|
Current Port LTD |
39.4 |
21.8 |
14.7 |
9.9 |
1.9 |
|
Present Value Discount for Other Payable |
-3.1 |
-3.6 |
- |
- |
- |
|
Interest Rate Swap, Current |
0.1 |
0.2 |
- |
- |
- |
|
Total Current Liabilities |
135.6 |
131.0 |
45.3 |
39.9 |
31.3 |
|
|
|
|
|
|
|
|
Bonds |
- |
8.6 |
- |
- |
- |
|
LT Borrowings |
35.6 |
41.9 |
8.3 |
17.9 |
22.6 |
|
Discount on Bonds of Long-term Liabiliti |
- |
0.0 |
- |
- |
- |
|
Capital Lease Payable |
16.9 |
5.5 |
- |
- |
- |
|
Total Long Term Debt |
52.5 |
56.0 |
8.3 |
17.9 |
22.6 |
|
|
|
|
|
|
|
|
Deferred Taxes |
3.8 |
0.4 |
1.0 |
0.3 |
0.3 |
|
Provisions for Retirement and Severance |
5.9 |
4.2 |
0.3 |
1.7 |
1.3 |
|
Minority Interest |
55.4 |
46.0 |
- |
- |
- |
|
Deposits for Retirement and Severance Be |
-0.1 |
-0.1 |
- |
- |
- |
|
Transfer to National Pension Fund |
0.0 |
0.0 |
- |
- |
- |
|
Long-term Trade Payables |
0.0 |
0.4 |
- |
- |
- |
|
Present Value Discount for Long-term Tra |
0.0 |
0.0 |
- |
- |
- |
|
LT Account Payable |
8.8 |
22.1 |
- |
- |
- |
|
Present Value Discount for Long-term Oth |
-2.3 |
-2.2 |
- |
- |
- |
|
Plan Assets |
-4.7 |
-2.8 |
- |
- |
- |
|
Interest Rate Swap, LT Liabilities |
- |
0.1 |
0.2 |
- |
- |
|
Currency Swap |
- |
- |
0.0 |
0.1 |
0.2 |
|
Total Liabilities |
255.0 |
255.2 |
55.1 |
59.9 |
55.6 |
|
|
|
|
|
|
|
|
Common Stock |
16.2 |
15.8 |
14.6 |
19.6 |
19.7 |
|
Preferred Stock |
2.3 |
2.3 |
2.1 |
2.8 |
2.8 |
|
Paid-in Capital |
10.3 |
10.1 |
9.3 |
12.5 |
12.6 |
|
Other Capital |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
G/L-Disp Treasury Stock |
4.9 |
4.7 |
0.2 |
0.3 |
0.3 |
|
Treasury Stock |
-0.3 |
-0.3 |
-4.3 |
-5.8 |
-5.8 |
|
Value-Secs under Equity Method |
0.8 |
2.4 |
2.3 |
1.2 |
1.0 |
|
Value-Secs avail. for Sale |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loss-Valuation of Interest Rate Swap |
0.0 |
0.0 |
-0.2 |
- |
- |
|
Gain-Revaluation of Building |
1.0 |
- |
- |
- |
- |
|
Legal Reserve |
1.5 |
1.3 |
1.1 |
1.2 |
1.1 |
|
Appropriated Retained Earnings for Volun |
35.3 |
28.7 |
23.0 |
27.6 |
24.8 |
|
Retained Earning Carried Forward |
22.3 |
7.9 |
5.1 |
5.4 |
5.0 |
|
Overseas Business Trans. Debit/Credit |
-1.6 |
- |
- |
- |
- |
|
Revaluation Adjustment |
-1.4 |
0.0 |
- |
- |
- |
|
Gain-Equity Method Securities Reduction |
- |
0.1 |
- |
- |
- |
|
Total Equity |
91.6 |
73.3 |
53.5 |
65.4 |
62.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
346.6 |
328.5 |
108.6 |
125.3 |
117.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
36.7 |
36.7 |
28.4 |
28.4 |
28.4 |
|
Total Common Shares Outstanding |
36.7 |
36.7 |
28.4 |
28.4 |
28.4 |
|
T/S-Common Stock |
0.0 |
0.0 |
8.3 |
8.3 |
8.3 |
|
S/O-Preferred Stock |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Total Preferred Shares Outstanding |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
T/S-Preferred Stock |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
|
Deferred Revenue, Current |
2.6 |
2.5 |
1.0 |
0.6 |
0.2 |
|
Full-Time Employees |
227 |
179 |
194 |
208 |
- |
|
Number of Common Shareholders |
2,530 |
2,269 |
1,133 |
1,227 |
- |
|
Long-Term Debts Due in 1 Year |
33.1 |
19.3 |
14.7 |
9.9 |
1.9 |
|
Long-Term Debts Due in 2 Years |
14.1 |
31.3 |
2.5 |
15.2 |
4.7 |
|
Long-Term Debts Due in 3 Years |
16.1 |
10.8 |
5.7 |
1.3 |
15.2 |
|
Long-Term Debts Due in 4 Years |
2.2 |
3.2 |
0.0 |
1.3 |
1.3 |
|
Long-Term Debts Due in 5 Years |
- |
- |
0.0 |
- |
- |
|
Long-Term Debts Due Remaining |
3.1 |
5.2 |
0.0 |
- |
1.3 |
|
Total Long Term Debt, Supplemental |
68.7 |
69.8 |
23.0 |
27.8 |
24.4 |
|
Capital Leases due in Year 1 |
6.3 |
2.5 |
- |
- |
- |
|
Capital Leases due in Year 2 |
5.5 |
2.2 |
- |
- |
- |
|
Capital Leases due in Year 3 |
3.8 |
1.1 |
- |
- |
- |
|
Capital Leases due in Year 4 |
3.9 |
0.7 |
- |
- |
- |
|
Capital Leases Remaining |
3.7 |
1.4 |
- |
- |
- |
|
Total Capital Leases |
23.2 |
8.0 |
- |
- |
- |
|
Operating Lease Pymts. Due within 1Year |
0.0 |
- |
- |
- |
- |
|
Operating Lease Payments Due in Year 5 |
0.1 |
- |
- |
- |
- |
|
Operating Leases - Remaining Payments |
1.2 |
- |
- |
- |
- |
|
Total Operating Leases |
1.4 |
- |
- |
- |
- |
Interim Balance Sheet
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1221.965 |
1131.45 |
1164.475 |
1178.25 |
1273.95 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2.1 |
2.3 |
3.8 |
4.0 |
6.0 |
|
ST Financial Assets |
0.2 |
0.1 |
0.1 |
0.2 |
1.7 |
|
Currency Swap, Current Assets |
0.0 |
0.0 |
- |
1.7 |
2.3 |
|
Trade Receivable |
47.2 |
43.4 |
39.9 |
39.2 |
32.2 |
|
Discount for Present Value |
-2.0 |
-2.5 |
-1.4 |
-1.9 |
-1.3 |
|
Reserve-Doubtful Account |
-0.7 |
-1.1 |
-1.0 |
-1.0 |
-0.9 |
|
Other Receivable |
0.0 |
0.1 |
0.0 |
0.2 |
0.0 |
|
ST Employee Loan |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Prepaid Expense |
0.2 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Advanced Payment |
0.1 |
0.2 |
0.2 |
0.2 |
- |
|
Deferred Income Taxes-Debit, Current |
0.1 |
0.2 |
0.3 |
0.5 |
0.5 |
|
Accrued Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Merchandises |
0.5 |
0.2 |
0.4 |
0.4 |
0.3 |
|
Finished Goods |
6.2 |
5.7 |
4.6 |
5.1 |
4.3 |
|
Raw Materials |
7.8 |
6.7 |
4.4 |
4.2 |
3.5 |
|
Supplemental Raw Materials |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Work in Progress |
0.5 |
0.5 |
0.4 |
0.4 |
0.3 |
|
Supplies |
0.6 |
0.5 |
0.2 |
0.2 |
0.2 |
|
Total Current Assets |
63.0 |
57.0 |
52.2 |
53.8 |
49.6 |
|
|
|
|
|
|
|
|
LT Financial Assets |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Securities Available for Sale |
0.7 |
1.2 |
1.3 |
1.5 |
1.4 |
|
Securities Held to Maturities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Long-term Trade Receivables |
13.9 |
15.5 |
13.6 |
14.0 |
8.2 |
|
Equity Method Investment Securities |
23.4 |
24.6 |
24.0 |
24.8 |
22.7 |
|
LT Security Deposit |
0.4 |
0.5 |
0.5 |
0.6 |
0.5 |
|
Land |
4.6 |
4.9 |
4.8 |
4.7 |
4.2 |
|
Land-Government Subsidy |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
- |
|
Buildings |
15.7 |
17.0 |
16.6 |
16.4 |
15.2 |
|
Buildings-Depreciation |
-4.5 |
-4.7 |
-4.5 |
-4.4 |
-4.0 |
|
Structures |
4.5 |
4.9 |
4.7 |
4.7 |
4.3 |
|
Structures-Depreciation |
-2.1 |
-2.3 |
-2.2 |
-2.1 |
-1.9 |
|
Government Subsidy for Structures |
-0.2 |
-0.3 |
- |
- |
- |
|
Machinery & Equipment |
29.4 |
28.8 |
27.7 |
27.3 |
22.6 |
|
Machinery & Equipment-Depreciation |
-15.6 |
-16.3 |
-15.5 |
-14.8 |
-13.2 |
|
Machinery & Equipment-Government Subsidy |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Vehicles & Transportation Equipment |
0.8 |
0.9 |
0.9 |
0.8 |
0.8 |
|
Vehicles & Transportation-Depreciation |
-0.6 |
-0.7 |
-0.6 |
-0.6 |
-0.5 |
|
Miscellaneous Fixtures |
1.8 |
2.0 |
1.9 |
1.9 |
1.8 |
|
Fixtures-Depreciation |
-1.5 |
-1.8 |
-1.7 |
-1.7 |
-1.6 |
|
Construction in Progress |
0.8 |
0.5 |
0.7 |
0.3 |
0.4 |
|
Tools |
31.5 |
32.7 |
30.8 |
29.9 |
26.4 |
|
Tools-Depreciation |
-24.0 |
-25.5 |
-24.3 |
-23.1 |
-20.7 |
|
Industrial Property Rights |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Enrollment Right |
1.3 |
1.4 |
1.3 |
1.3 |
1.2 |
|
Allowance for Doubtful Accounts for Long |
-0.2 |
-0.4 |
-0.4 |
-0.4 |
- |
|
Present Value Discount for Long-term Tra |
-1.2 |
-1.4 |
-1.3 |
-1.3 |
- |
|
Total Assets |
141.7 |
138.5 |
130.5 |
133.7 |
117.7 |
|
|
|
|
|
|
|
|
Trade Payable |
9.9 |
10.7 |
11.2 |
8.7 |
6.2 |
|
Account Payable |
2.4 |
1.5 |
4.2 |
4.1 |
1.1 |
|
Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Taxes Payable |
1.4 |
2.7 |
3.0 |
3.4 |
3.0 |
|
VAT Withheld |
0.1 |
0.5 |
1.0 |
0.1 |
1.0 |
|
Accrued Expense |
0.5 |
0.7 |
1.4 |
0.8 |
0.5 |
|
Advances Received |
0.6 |
0.1 |
0.5 |
0.3 |
0.2 |
|
Security Deposit Paid |
0.9 |
1.0 |
1.1 |
0.9 |
0.8 |
|
Deposit Withheld |
0.1 |
0.1 |
0.8 |
0.1 |
0.1 |
|
ST Borrowings |
40.0 |
31.5 |
22.5 |
21.7 |
20.3 |
|
Current Portion of LT Debt |
3.0 |
2.9 |
2.8 |
11.3 |
10.9 |
|
Total Current Liabilities |
59.0 |
51.7 |
48.5 |
51.6 |
44.0 |
|
|
|
|
|
|
|
|
LT Borrowings |
6.5 |
7.9 |
6.5 |
7.1 |
7.3 |
|
Total Long Term Debt |
6.5 |
7.9 |
6.5 |
7.1 |
7.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax, Credit |
0.8 |
0.9 |
0.9 |
1.1 |
1.0 |
|
Provisions for Retirement and Severance |
1.0 |
0.8 |
0.6 |
0.8 |
0.6 |
|
Transfer to National Pension Fund |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Deposits for Retirement and Severance Be |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
- |
|
Interest Rate Swap, LT Liabilities |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Total Liabilities |
67.2 |
61.3 |
56.5 |
60.6 |
53.0 |
|
|
|
|
|
|
|
|
Common Stock |
15.0 |
16.2 |
15.8 |
15.6 |
14.4 |
|
Preferred Stock |
2.2 |
2.3 |
2.3 |
2.2 |
2.1 |
|
Paid-in Capital in Excess of Par |
9.6 |
10.4 |
10.1 |
9.9 |
9.2 |
|
Other Capital Surplus |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Gain on Disposal of Treasury Stock |
4.5 |
4.9 |
4.7 |
4.7 |
4.3 |
|
Treasury Stock |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
|
Capital Change, Equity Method |
2.7 |
3.3 |
3.4 |
2.5 |
2.4 |
|
Gain-Valu. of Sec. Available for Sale |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loss-Valuation of Interest Rate Swap |
0.0 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Legal Reserve |
1.4 |
1.5 |
1.3 |
1.3 |
1.2 |
|
Appropriated Retained Earnings for Volun |
32.8 |
35.4 |
28.7 |
28.4 |
26.3 |
|
Retained Earning Carried Forward |
6.3 |
3.3 |
7.9 |
8.5 |
5.0 |
|
Total Equity |
74.5 |
77.2 |
74.0 |
73.1 |
64.7 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
141.7 |
138.5 |
130.5 |
133.7 |
117.7 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
36.7 |
36.7 |
36.7 |
36.7 |
36.7 |
|
Total Common Shares Outstanding |
36.7 |
36.7 |
36.7 |
36.7 |
36.7 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
S/O-Preferred Stock |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
Total Preferred Shares Outstanding |
4.2 |
4.2 |
4.2 |
4.2 |
4.2 |
|
T/S-Preferred Stock |
1.1 |
1.1 |
1.1 |
1.1 |
1.1 |
|
Deferred Revenue, Current |
0.6 |
0.1 |
0.5 |
0.5 |
0.3 |
|
Full-Time Employees |
182 |
182 |
179 |
184 |
185 |
|
Number of Common Shareholders |
- |
- |
2,269 |
- |
- |
|
Long Term Debt Maturing within 1 Year |
3.0 |
2.2 |
2.8 |
9.2 |
10.9 |
|
Long Term Debt Maturing in Year 2 |
6.4 |
6.6 |
6.4 |
2.8 |
2.8 |
|
Long Term Debt Maturing in Year 3 |
0.0 |
2.0 |
0.0 |
6.3 |
4.5 |
|
Long Term Debt Maturing in Year 4 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
0.0 |
- |
|
Long Term Debt Remaining Maturities |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Long Term Debt, Supplemental |
9.5 |
10.9 |
9.3 |
18.4 |
18.2 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
955.035724 |
|
Auditor |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
Suhil Accounting
Corp. |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
22.2 |
4.0 |
5.7 |
5.3 |
4.8 |
|
Depreciation |
52.5 |
45.4 |
5.2 |
6.2 |
5.7 |
|
Amort. Intangible |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Recovery-Negative Goodwill Amortization |
-0.2 |
-0.2 |
- |
- |
- |
|
Retirement Allowance |
2.1 |
1.5 |
0.6 |
1.2 |
0.9 |
|
Disp Tang Asst Loss |
0.2 |
0.3 |
0.7 |
0.0 |
0.4 |
|
Gain-Currency Swap Transaction |
- |
-0.1 |
0.0 |
- |
- |
|
Gain-Valuation of Currency Swap |
- |
- |
-2.5 |
0.0 |
- |
|
Loss-Disposal of Other Enrollment Right |
- |
- |
- |
0.0 |
- |
|
Provision Doubtful Account |
0.0 |
0.9 |
0.3 |
0.2 |
0.3 |
|
Recovery-Provision Doubtful Account |
-0.4 |
- |
- |
- |
- |
|
L-Equity Method Valuation |
- |
- |
- |
0.1 |
0.2 |
|
Loss-Disposal of Sec. Available-for-Sale |
0.0 |
- |
- |
- |
- |
|
Loss on AR Disp |
0.1 |
0.2 |
0.1 |
0.0 |
0.0 |
|
Loss-Valuation of Currency Swap |
0.0 |
0.2 |
- |
- |
0.2 |
|
Loss-Foreign Currency Translation |
0.0 |
- |
4.0 |
0.0 |
0.0 |
|
Loss on Disp. of Inv |
- |
0.1 |
- |
- |
- |
|
Gain-Foreign Currency Translation |
0.0 |
-0.4 |
- |
0.0 |
-0.2 |
|
Interest Recieved |
-2.6 |
-2.4 |
-2.3 |
-1.8 |
-2.0 |
|
G-Disp Secs held till Maturity |
- |
- |
- |
0.0 |
0.0 |
|
Gains Under Equity Method |
-3.8 |
-2.8 |
-1.3 |
-0.3 |
-0.4 |
|
Gain Disp Tang. Ast |
-1.1 |
-2.0 |
-0.3 |
-0.6 |
-0.1 |
|
Gain Disp of Inv Ast |
- |
-0.2 |
0.0 |
- |
-0.1 |
|
Gain-Disp. of Securities/Equity Method |
-0.1 |
- |
- |
- |
- |
|
Trade Receivables |
3.6 |
7.1 |
0.8 |
1.2 |
7.6 |
|
Account Receivables |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Accrued Income |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advanced Payment |
0.1 |
-0.1 |
0.1 |
0.0 |
0.3 |
|
Prepaid Expenses |
-0.6 |
-0.2 |
0.1 |
-0.1 |
0.1 |
|
VAT Payments |
- |
- |
- |
- |
0.0 |
|
Inventory |
-17.7 |
-6.5 |
-1.8 |
0.8 |
-2.8 |
|
Deferred Taxes-Asset |
1.9 |
1.1 |
-0.3 |
-0.1 |
0.0 |
|
Deferred Taxes-Liability |
3.4 |
0.0 |
0.6 |
0.0 |
0.0 |
|
LT Trade Receivables |
-5.6 |
9.9 |
-3.9 |
-8.2 |
-8.3 |
|
Trade Payables |
2.8 |
-2.6 |
-1.9 |
1.9 |
-1.4 |
|
Deposits Withheld |
0.4 |
0.1 |
0.4 |
-0.3 |
0.3 |
|
Account Payables |
-17.0 |
-3.4 |
0.2 |
0.4 |
-0.5 |
|
Accrued Expenses |
0.2 |
-0.1 |
0.1 |
0.1 |
-0.1 |
|
Accrued Income Taxes |
0.4 |
0.4 |
-0.1 |
0.2 |
0.4 |
|
Guarantee Deposit |
-0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Advances Received |
0.1 |
0.3 |
0.7 |
0.4 |
0.1 |
|
Valu Add Tax Withhld |
-1.2 |
0.6 |
0.5 |
0.0 |
0.6 |
|
National Pension |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Payment-Retirement Bonus |
-0.6 |
-1.6 |
-2.5 |
-0.7 |
-0.8 |
|
Retirement Insurance Deposit |
0.0 |
0.0 |
0.8 |
0.0 |
0.2 |
|
Impairment Losses on Available for Sale |
0.7 |
0.3 |
- |
- |
- |
|
Losses on Valuation of Equity Method Sec |
0.1 |
0.1 |
- |
- |
- |
|
Expenses of Allowance for Other Doubtful |
0.0 |
2.2 |
- |
- |
- |
|
Miscellaneous Loss |
0.0 |
- |
- |
- |
- |
|
Interest Expenses |
4.1 |
4.8 |
- |
- |
- |
|
Loss-Currency Swap Transaction |
- |
0.0 |
- |
- |
- |
|
Loss-Disposal of Sec under Equity Method |
0.3 |
- |
- |
- |
- |
|
Affiliates' Foreign Currency Adjust. Gap |
- |
0.3 |
- |
- |
- |
|
Corporate Tax Refundable |
0.2 |
-0.2 |
- |
- |
- |
|
LT Trade Payable, A/L |
-0.4 |
-0.1 |
- |
- |
- |
|
Increase or Decrease in Long-term Other |
-13.7 |
-26.0 |
- |
- |
- |
|
Retirement Pension Operating Fund |
-1.8 |
-0.1 |
- |
- |
- |
|
Cash from Operating Activities |
28.4 |
31.2 |
4.0 |
6.1 |
5.7 |
|
|
|
|
|
|
|
|
Disposal-Securities Available-for-Sale |
0.0 |
- |
0.3 |
- |
0.4 |
|
Disp-Secs held till Maturity |
0.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Disposal-Securities under Equity Method |
7.4 |
- |
- |
- |
- |
|
Dec-Guarantee Dep |
0.2 |
0.4 |
0.0 |
0.2 |
0.0 |
|
Decrease-ST Loans |
- |
0.2 |
0.1 |
0.0 |
- |
|
Decrease-LT Financial Assets |
1.0 |
3.7 |
- |
0.0 |
- |
|
Proceeds from Sale of Short-term Financi |
9.1 |
4.7 |
- |
- |
- |
|
Dividend Income-Equity Method Affiliates |
0.3 |
0.4 |
0.2 |
0.7 |
0.0 |
|
Dec-LT Loans |
- |
0.0 |
- |
- |
- |
|
Dec-Other Enrollment |
- |
0.7 |
- |
0.1 |
0.3 |
|
Dec-ST Receivables from Employees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Disposal-Land |
2.4 |
0.3 |
0.2 |
0.2 |
- |
|
Disposal-Buildings |
0.2 |
- |
- |
- |
0.1 |
|
Disposal Structure |
- |
- |
0.0 |
- |
0.0 |
|
Disposal Mach./Equip |
0.1 |
0.5 |
0.2 |
0.6 |
0.2 |
|
Disposal Trans Equip |
- |
0.1 |
0.0 |
0.0 |
0.1 |
|
Disposal-Tools & Supplies |
0.1 |
- |
0.4 |
0.0 |
0.0 |
|
Disp-Fixtures |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Disposal-Installation Equipment |
- |
0.0 |
- |
- |
- |
|
Inc ST Shrhldr Rcvbl |
0.0 |
0.0 |
0.0 |
- |
- |
|
Inc-LT Finl Assets |
-1.9 |
-2.3 |
- |
- |
0.0 |
|
Increase-Securities Available-for-Sale |
- |
- |
- |
-0.2 |
- |
|
Acq-Secs Maturity |
- |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Acq-Secs under Equity Method |
-3.5 |
-0.2 |
-0.2 |
- |
-0.6 |
|
Inc in Guarant Depos |
-0.1 |
-0.2 |
-0.1 |
- |
-0.1 |
|
Increase-ST Financial Assets |
-9.9 |
-9.9 |
-0.2 |
-0.1 |
-0.4 |
|
Increase-Other Enrollment Right |
-0.1 |
- |
- |
- |
-1.5 |
|
Increase-ST Loans |
-0.1 |
-2.8 |
0.0 |
- |
- |
|
Acquisition of Land |
- |
-0.1 |
- |
- |
- |
|
Acquis. of Building |
-0.1 |
-3.4 |
0.0 |
- |
-0.1 |
|
Purch. of Structure |
-0.1 |
-0.2 |
0.0 |
-0.3 |
0.0 |
|
Purch. of Mach/Equip |
-0.9 |
-2.5 |
-2.9 |
-0.8 |
-5.2 |
|
Acq. of Trans Equip |
-0.1 |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
|
Acq. in Tools/Suppl. |
-2.1 |
-1.4 |
-1.4 |
-1.8 |
-1.5 |
|
Acq-Fixtures |
-0.1 |
-0.3 |
-0.1 |
-0.2 |
-0.1 |
|
Increase-Installation Equipments |
-0.1 |
-0.8 |
- |
- |
- |
|
Inc. Const. In Prog |
-8.6 |
-2.5 |
-2.1 |
-3.2 |
-2.0 |
|
Currency Swap |
- |
2.1 |
- |
- |
- |
|
Disposal-Pallet Loan Assets |
9.8 |
6.3 |
- |
- |
- |
|
Purchase of Available for sale Securitie |
-0.1 |
0.0 |
- |
- |
- |
|
Purchase of Other Intangible Assets |
- |
-0.1 |
- |
- |
- |
|
Increased Industry Right |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Increase-Pallet Loan Assets |
-40.8 |
-28.8 |
- |
- |
- |
|
Cash from Investing Activities |
-37.5 |
-36.4 |
-5.8 |
-5.0 |
-10.4 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
109.0 |
74.2 |
93.1 |
77.0 |
47.4 |
|
Inc in LT Borrowings |
16.6 |
7.3 |
9.4 |
5.4 |
18.9 |
|
Increase-Accrued Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Repay ST Borrowings |
-113.4 |
-57.8 |
-85.3 |
-79.3 |
-50.4 |
|
Dec in LT Borrowings |
- |
-4.1 |
-0.7 |
0.0 |
-13.6 |
|
Repay Curr LT Liabs |
-22.0 |
-27.4 |
-8.5 |
-1.9 |
-0.2 |
|
Decrease-Government Subsidy |
0.0 |
- |
- |
- |
- |
|
Dividends Payable |
-2.0 |
-1.3 |
-1.5 |
-1.8 |
-1.6 |
|
Increase-Subsidy from Government |
0.1 |
0.2 |
- |
- |
- |
|
Cash Flow from Consolidated Adjustment |
0.8 |
3.2 |
- |
- |
- |
|
Proceeds from Sale of Treasury Stock |
- |
9.4 |
- |
- |
- |
|
Increase-Capital Lease Payable |
19.6 |
3.9 |
- |
- |
- |
|
Capital Increase |
- |
4.8 |
- |
- |
- |
|
Decrease-Capital Lease Payable |
-2.4 |
-0.1 |
- |
- |
- |
|
Cash from Financing Activities |
6.4 |
12.2 |
6.5 |
-0.5 |
0.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
- |
- |
- |
- |
|
Net Change in Cash |
-2.7 |
7.0 |
4.7 |
0.6 |
-4.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
13.8 |
5.5 |
1.7 |
1.4 |
5.5 |
|
Net Cash - Ending Balance |
11.1 |
12.5 |
6.4 |
2.0 |
1.4 |
Interim Cash Flows
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1155.056202 |
1145.278736 |
1276.385219 |
1312.536314 |
1349.245082 |
|
|
|
|
|
|
|
|
Net Income |
6.6 |
3.1 |
7.1 |
7.6 |
4.6 |
|
Depreciation |
3.0 |
1.4 |
5.0 |
3.6 |
2.2 |
|
Amortization-Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision-Doubtful Account |
0.0 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Provision-Retirement Allowance |
0.5 |
0.3 |
0.8 |
0.6 |
0.4 |
|
Loss-Foreign Currency Translation |
0.0 |
0.0 |
- |
0.0 |
0.3 |
|
Loss-Disposal of Trade Receivable |
0.1 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Loss-Disposal of Tangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Loss under Equity Method |
0.0 |
0.0 |
2.2 |
0.0 |
0.0 |
|
Recovery-Doubtful Credit Reserve |
-0.4 |
- |
- |
- |
- |
|
Gain-Valuation of Currency Swap |
0.0 |
0.0 |
- |
0.0 |
-0.2 |
|
Gain-Disposal of Investment Assets |
0.0 |
0.0 |
- |
0.0 |
- |
|
Gain-Disposal of Tangible Assets |
-0.1 |
-0.1 |
-0.3 |
-0.3 |
-0.3 |
|
Interest Income |
-1.3 |
-0.5 |
-2.4 |
-1.3 |
-1.2 |
|
Gain under Equity Method |
-1.3 |
-0.2 |
-0.6 |
-0.5 |
-0.2 |
|
Gains on Foreign Currency Translation |
-0.1 |
0.0 |
-0.2 |
-0.1 |
- |
|
Trade Receivable |
-7.9 |
-2.5 |
-0.7 |
-2.8 |
1.4 |
|
LT Trade Receivable |
-1.1 |
-1.5 |
0.1 |
- |
3.5 |
|
Account Receivable |
0.0 |
-0.1 |
0.0 |
-0.1 |
0.0 |
|
Prepaid Expense |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Advanced Payment |
0.0 |
0.0 |
-0.2 |
-0.2 |
0.0 |
|
Accrued Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inventory |
-6.5 |
-3.4 |
0.4 |
0.0 |
0.8 |
|
Deferred Income Tax Debit |
0.2 |
0.1 |
0.2 |
-0.1 |
0.0 |
|
Deferred Income Tax Credit, A/L |
0.1 |
-0.1 |
-0.4 |
0.0 |
-0.1 |
|
Payment for Retirement and Severance Ben |
- |
- |
- |
-0.2 |
-0.1 |
|
Trade Payable |
-0.8 |
0.8 |
5.1 |
2.8 |
0.9 |
|
Account Payable |
-1.8 |
-2.8 |
2.5 |
2.3 |
-0.3 |
|
Guarantee Deposit Received |
-0.1 |
0.0 |
0.2 |
0.1 |
0.1 |
|
Advance Received |
0.1 |
-0.4 |
-0.5 |
-0.7 |
-0.8 |
|
Deposit Withheld |
-0.7 |
-0.7 |
0.1 |
-0.5 |
-0.5 |
|
Accrued Expense |
-0.8 |
-0.7 |
0.0 |
-0.4 |
-0.7 |
|
Accrued Income Taxes |
-1.5 |
-0.4 |
0.5 |
2.2 |
1.9 |
|
increase or Decrease in Taxes Withheld f |
-0.9 |
- |
0.0 |
- |
0.0 |
|
increase or Decrease in Taxes Withheld f |
- |
-0.6 |
- |
-0.8 |
- |
|
Payment for Retirement and Severance Ben |
-0.1 |
0.0 |
-0.7 |
- |
- |
|
Deposit-Retirement Insurance |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Reserve-National Pension |
0.0 |
0.0 |
- |
0.0 |
- |
|
Losses on Valuation of Derivatives |
- |
- |
- |
0.4 |
- |
|
Decrease or Increase in Long-term Trade |
- |
- |
- |
-0.3 |
- |
|
Impairment Losses on Available for Sale |
0.7 |
0.2 |
0.2 |
- |
- |
|
Cash from Operating Activities |
-13.7 |
-7.8 |
19.0 |
11.7 |
12.3 |
|
|
|
|
|
|
|
|
Dividend Income-Affiliates |
0.1 |
0.1 |
0.3 |
0.2 |
0.2 |
|
Decrease-ST Loans |
0.0 |
0.0 |
- |
0.0 |
- |
|
Decrease-ST Receivable from Employees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Proceeds from Sale of Long-term Financia |
0.0 |
- |
- |
- |
- |
|
Decrease-Guarantee Deposit |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Decrease-ST Financial Assets |
- |
- |
- |
1.9 |
0.4 |
|
Disposal-Securities Available-for-Sale |
0.0 |
0.0 |
- |
0.0 |
- |
|
Disposal-Securities Held to Maturities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Disposal-Land |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Proceeds from Sale of Buildings |
0.2 |
0.2 |
- |
- |
- |
|
Disposal-Structure |
0.0 |
0.0 |
- |
0.0 |
- |
|
Disposal-Machinery & Equipments |
0.1 |
0.1 |
0.3 |
0.3 |
0.3 |
|
Disposal-Transportation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Disposal-Tools |
0.0 |
0.0 |
- |
0.0 |
- |
|
Disposal-Supplies |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase-ST Loans |
0.0 |
0.0 |
- |
0.0 |
- |
|
Increase-ST Receivable to Employees |
-0.1 |
-0.1 |
0.0 |
-0.1 |
0.0 |
|
Increase-Guarantee Deposit |
0.0 |
0.0 |
-0.2 |
-0.2 |
-0.2 |
|
Increase-ST Financial Assets |
-0.1 |
0.0 |
-1.8 |
-1.7 |
-1.6 |
|
Increase-Securities Held to Maturities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase-Securities under Equity Method |
0.0 |
0.0 |
-14.2 |
-13.7 |
-13.3 |
|
Increase-Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Increase-Structure |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Increase-Tools & Supplies |
-1.0 |
-0.4 |
-1.4 |
-1.2 |
-0.7 |
|
Increase-Machinery & Equipment |
-0.4 |
-0.5 |
-2.4 |
-2.2 |
-0.1 |
|
Purchase of Office Equipment |
-0.1 |
0.0 |
-0.1 |
- |
0.0 |
|
Increase-Transportation |
0.0 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Increase-Construction Progress |
-5.0 |
-0.7 |
-2.5 |
-1.8 |
-0.8 |
|
Increase-Industrial Property Right |
- |
- |
- |
- |
0.0 |
|
Increase-Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Purchase of Office Equipment |
- |
- |
- |
-0.1 |
- |
|
Proceeds from Sale of Short-term Financi |
0.0 |
0.0 |
2.1 |
- |
- |
|
Currency Swap |
0.0 |
0.0 |
2.1 |
- |
- |
|
Cash from Investing Activities |
-6.2 |
-1.4 |
-17.7 |
-18.3 |
-15.7 |
|
|
|
|
|
|
|
|
Increase-ST Borrowings |
45.0 |
19.2 |
50.4 |
31.7 |
25.4 |
|
Increase-LT Borrowings |
1.9 |
1.9 |
0.3 |
0.3 |
0.3 |
|
Increase-Accrued Dividend Payable |
0.0 |
0.0 |
0.0 |
1.3 |
0.0 |
|
Proceeds from Sale of Treasury Stock |
0.0 |
0.0 |
9.4 |
7.8 |
7.6 |
|
Decrease-ST Borrowings |
-25.3 |
-11.0 |
-47.8 |
-29.6 |
-23.4 |
|
Decrease-Government Subsidy |
0.0 |
- |
- |
- |
- |
|
Decrease-LT Borrowings |
0.0 |
0.0 |
- |
0.0 |
- |
|
Dec-Current Portion of LT Liabilities |
-1.3 |
-0.6 |
-14.5 |
-5.5 |
-4.8 |
|
Dividends Paid |
-2.0 |
-2.0 |
-1.3 |
-1.3 |
-1.2 |
|
Increase-Subsidy from Government |
0.1 |
0.1 |
0.2 |
- |
- |
|
Cash from Financing Activities |
18.4 |
7.6 |
-3.4 |
4.8 |
3.9 |
|
|
|
|
|
|
|
|
Net Change in Cash |
-1.5 |
-1.5 |
-2.1 |
-1.8 |
0.4 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
3.8 |
3.8 |
5.5 |
5.4 |
5.2 |
|
Net Cash Ending Balance |
2.3 |
2.3 |
3.4 |
3.6 |
5.7 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.94 |
|
UK Pound |
1 |
Rs.74.28 |
|
Euro |
1 |
Rs.64.97 |
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.