MIRA INFORM REPORT
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Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HYOSUNG CORP |
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Registered Office : |
Hyosung Bldg., 450, Gongdeok-Dong, Mapo-Gu, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
03.11.1966 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Subject is engaged in textile, heavy industrial systems, industrial
materials, chemicals and international trade businesses |
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No. of Employees
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7,631 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South korea
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Hyosung Corp
Hyosung Bldg.
450, Gongdeok-Dong, Mapo-Gu
Seoul, 121720
Korea, Republic of
Tel: 82-2-7077000
Fax: 82-2-7070130
Web: www.hyosung.com
synthesis
Employees: 7,631
Company Type: Public Parent
Corporate Family: 36
Companies
Traded:
Korea Stock Exchange: 004800
Incorporation Date:
03-Nov-1966
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: South
Korean Won
Annual Sales: 10,237.6 1
Net Income: (40.6)
Total Assets:
11,825.7 2
Market Value:
1,961.2
(23-2012)
Business Description
HYOSUNG CORPORATION is a Korean industrial conglomerate that is engaged
in textile, heavy industrial systems, industrial materials, chemicals and
international trade businesses. The Company's textile business manufactures
nylon yarns, spandex yarns and polyester yarns. Its heavy industrial system
business manufactures transformers, circuit breakers, electric motors and
decelerators, and constructs apartments and residential and commercial complex
buildings. Its industrial materials business is engaged in the provision of
tire cords, steel cords, carpets and carmats. The Company's chemical business
provides propane propylene (PP), polyethylene terephthalate (PET) bottles,
nylon films and polyester films. Its trading unit is engaged in the
distribution of steel and petrochemical products. For the fiscal year ended 31
December 2010, Hyosung Corporation's revenues increased 16% to W11.591T. The
Company's net income decreased 18% to W266.45B. Revenues reflect increased
income from textiles and industrial material business segments. Net income was
offset by lower interest income, lower gain on foreign currency transaction,
lower gain on foreign currency translation and higher donation paid.
Industry
Industry Textiles - Non Apparel
ANZSIC 2006: 1332 - Rope,
Cordage and Twine Manufacturing
NACE 2002: 1754 - Manufacture
of other textiles not elsewhere classified
NAICS 2002: 313111 - Yarn
Spinning Mills
UK SIC 2003: 17549 -
Manufacture of other textiles not elsewhere classified
US SIC 1987: 2299 - Textile
goods, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Seok Rae Cho |
Chairman of the Board, Co-Chief Executive Officer |
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Hyeon Jun Cho |
Co-President, Director |
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Hyun Joon Cho |
President of Trading PG |
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Bong Gyu Cho |
Vice President |
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S R Cho |
Chairman and Chief Executive Officer |
News
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Title |
Date |
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Decatur hopes to get $3.8M in street
projects |
20-Mar-2012 |
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Bike theft |
2-Mar-2012 |
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New Magnetics Study Results from R&D
Center Described |
29-Feb-2012 |
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S. KOREA'S LARGE BIZ GROUPS ENCROACH ON
SME BIZ AREAS: REPORT |
28-Feb-2012 |
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U.S. Transformer Fair Trade Coalition
Applauds Commerce Department's Affirmative Preliminary Determination in
Antidumping Duty Case Against Large... |
22-Feb-2012 |
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Significant
Developments |
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* number of significant developments within
the last 12 months |
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Financial Summary
As of 31-Dec-2011
Key Ratios Company Industry
Current Ratio (MRQ) 0.80 2.32
Quick Ratio (MRQ) 0.51 1.43
Debt to Equity (MRQ) 2.64 0.56
Sales 5 Year Growth 14.15 8.07
Net Profit Margin (TTM) % -0.48 6.72
Stock snapshot
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1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1107.891
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1152
Corporate Overview
Location
Hyosung Bldg.
450, Gongdeok-Dong, Mapo-Gu
Seoul, 121720
Korea, Republic of
Tel: 82-2-7077000
Fax: 82-2-7070130
Web: www.hyosung.com
Quote Symbol - Exchange
004800 - Korea Stock Exchange
Sales KRW(mil): 11,342,141.0
Assets KRW(mil): 13,623,190.0
Employees: 7,631
Fiscal Year End: 31-Dec-2011
Industry: Textiles
- Non Apparel
Incorporation Date: 03-Nov-1966
Company Type: Public
Parent
Quoted Status: Quoted
Chairman of the Board, Co-Chief Executive Officer: Seok Rae Cho
Company Web Links
Corporate History/Profile
Executives
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Market Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1332 - Rope, Cordage and Twine Manufacturing
1331 - Textile Floor Covering Manufacturing
3323 - Industrial and Agricultural Chemical Product Wholesaling
1313 - Synthetic Textile Manufacturing
3322 - Metal and Mineral Wholesaling
2439 - Other Electrical Equipment Manufacturing
3019 - Other Residential Building Construction
1912 - Rigid and Semi-Rigid Polymer Product Manufacturing
NACE 2002 Codes:
3110 - Manufacture of electric motors, generators and transformers
1751 - Manufacture of carpets and rugs
5152 - Wholesale of metals and ores
4521 - General construction of buildings and civil engineering
works
3120 - Manufacture of electricity distribution and control
apparatus
1754 - Manufacture of other textiles not elsewhere classified
5155 - Wholesale of chemical products
2522 - Manufacture of plastic packing goods
NAICS 2002 Codes:
314110 - Carpet and Rug Mills
335312 - Motor and Generator Manufacturing
335311 - Power, Distribution, and Specialty Transformer
Manufacturing
326160 - Plastics Bottle Manufacturing
236116 - New Multifamily Housing Construction (except Operative
Builders)
423510 - Metal Service Centers and Other Metal Merchant Wholesalers
314992 - Tire Cord and Tire Fabric Mills
335313 - Switchgear and Switchboard Apparatus Manufacturing
313111 - Yarn Spinning Mills
424610 - Plastics Materials and Basic Forms and Shapes Merchant
Wholesalers
US SIC 1987:
3613 - Switchgear and Switchboard Apparatus
2296 - Tire Cord and Fabrics
2273 - Carpets and Rugs
5162 - Plastics Materials and Basic Forms and Shapes
1522 - General Contractors-Residential Buildings, Other Than
Single-Family
5051 - Metals Service Centers and Offices
3085 - Plastics Bottles
3621 - Motors and Generators
2299 - Textile goods, Not Elsewhere Classified
3612 - Power, Distribution, and Specialty Transformers
UK SIC 2003:
1751 - Manufacture of carpets and rugs
5152 - Wholesale of metals and ores
3110 - Manufacture of electric motors, generators and transformers
2522 - Manufacture of plastic packing goods
3120 - Manufacture of electricity distribution and control
apparatus
17549 - Manufacture of other textiles not elsewhere classified
5155 - Wholesale of chemical products
45212 - Construction of domestic buildings
Business
Description
HYOSUNG CORPORATION
is a Korean industrial conglomerate that is engaged in textile, heavy
industrial systems, industrial materials, chemicals and international trade
businesses. The Company's textile business manufactures nylon yarns, spandex
yarns and polyester yarns. Its heavy industrial system business manufactures
transformers, circuit breakers, electric motors and decelerators, and
constructs apartments and residential and commercial complex buildings. Its
industrial materials business is engaged in the provision of tire cords, steel
cords, carpets and carmats. The Company's chemical business provides propane
propylene (PP), polyethylene terephthalate (PET) bottles, nylon films and
polyester films. Its trading unit is engaged in the distribution of steel and
petrochemical products. For the fiscal year ended 31 December 2010, Hyosung
Corporation's revenues increased 16% to W11.591T. The Company's net income
decreased 18% to W266.45B. Revenues reflect increased income from textiles and
industrial material business segments. Net income was offset by lower interest
income, lower gain on foreign currency transaction, lower gain on foreign
currency translation and higher donation paid.
More Business
Descriptions
Hyosung
Corporation (Hyosung) is a leading organization, engaged in the manufacturing
of power systems, industrial machinery and is also into the production and
trading of textile, chemical, industrial and construction products. The company
is involved in the manufacturing of daily products, and also develops motors,
gear reducers, generators for power plants and supplies AC and DC motors and
industrial machinery products. In addition, it also deals in various towers,
including wind turbine tower, heat exchanger, pressure vessel, blower, crane,
drawing machine and stranding machine. Further, the company provides a wide
range of services, which include engineering, installation, audit, maintenance,
inspection, safety diagnosis and preventive actions for power facilities.
Hyosung effectively operates seven business groups (Performance Groups) and
twenty seven affiliated businesses. The business groups of the company are
Power & Industrial Systems PG, Textile PG, Chemicals PG, Construction PG,
Information & Communication PG, Industrial Materials PG and Trading PG.The Power
Systems Unit is engaged in mainly ultra high-voltage transformers and ultra
high-voltage breakers, strengthening Protection & Control (P&C) and
Engineering & Service (E&S) businesses. It also provides a range of
solutions including equipment for generation, transmission and distribution of
electric power, engineering and maintenance services. The Industrial Machinery
Performance Unit specializes in motors, gear reducers, generators, cast-iron
products, cranes, and various steel fabrications for petrochemical plants and
power plants. For the fiscal year ended 2010, the Power & Industrial
Systems PG reported revenue of KRW1,700.1 billion.In the Textile PG division
the company operates in the global chemical fiber markets. Under this division
the company operates with spandex, fabric and nylon PU’s. The Spandex
performance unit produces spandex. The company focuses on the development of
high-functional and high-technological products with manufacturing technology
know-how in yarns, knitting, weaving, and processing in the fabric unit. The
Nylon Fiber Performance Unit manufacturers nylon textile filament. For the
fiscal year ended 2010, the Textile PG division reported revenue of KRW1,185.7
billion.The Chemicals Performance Group specializes in various chemical products,
including TPA, PP, pet bottles and all kinds of films. Some of the core
products produced by the company are Polypropylene, Polyester Film, Nylon Film,
NF3 (Nitrogen Trifluoride), PR Bottle, HR Bottle, HPR Bottle, NR Bottle, ML
Bottle. In the Construction division the company offers Apartments / Villas and
Reconstruction / Redevelopment / Remodeling. The company is also involved in
providing commercial facilities, Schools / Religious Facilities, Leisure
Facilities, Civil Engineering / Electric Power Facilities, Manufacturing
Facilities and Environmental Facilities. For the fiscal year ended 2010, the
Chemicals Performance Group reported revenue of KRW1,238.4 billion.The
Industrial Materials Unit engages in the provision of tire cords, steel cords,
carpets and floor mats. The Textile Unit manufactures nylon yarns, spandex
yarns, polyester yarns and synthetic fibers. The Chemicals Performance Group
specializing in various chemical products, including TPA, PP, pet bottles and
all kinds of films. Its construction unit is engaged in SOC projects,
redevelopment/reconstruction projects, remodeling and large-scale engineering
works. For the fiscal year ended 2010, the Industrial Materials Unit reported
revenue of KRW1,162.7 billion.The Trading Performance Group deals in a variety
of areas, including merchandizing and logistics, while focusing on iron &
steel, chemicals and Mercedes-Benz passenger cars. For the fiscal year ended
2010, this division reported revenue of KRW2,669.1billion. The Information
& Communication Performance Group is engaged in the financial solution
services and server/storage business. In the Information and Communication PG
the company offers hardware and software services. It majorly provides its
services to banking domain. Additionally the company is involved in the
development of storage solutions.The company has its own research and
development centers. It comprises of power and industrial systems R&D
center; Electronic Communication Research Center; and Environmental R&D
Center. In 2010, Hyosung developed high chlorine-resistance spandex; thin film
for laptops; high value-added PP grade for electronic materials; and soft-touch
shaped nylon (Rexy). The principal subsidiaries through which the company
operates include Hyosung EBARA Co.,Ltd; Hyosung Transworld Co.,Ltd; Hyosung
EBARA Engineering Co., Ltd; Nautilus Hyosung Inc; Hyosung Information Systems
Co., Ltd; The Class Hyosung and Hyosung Capital Co.,Ltd., among others.In June
2011, the Goodyear Tire & Rubber Company entered into an agreement with
Hyosung Corporation to sell its global wire business to Hyosung Corporation.
Hyosung
Corporation (Hyosung) engages in the manufacturing of power systems, industrial
machinery and is also into production and trading of textile, chemical, industrial
and construction products. The company develops motors, gear reducers,
generators for power plants and it supplies AC and DC motors and industrial
machinery products. It also deals in various towers, including wind turbine
tower, heat exchanger, pressure vessel, blower, crane, drawing machine and
stranding machine. Besides, Hyosung provides a wide range of services including
engineering, installation, audit, maintenance, inspection, safety diagnosis and
preventive actions for power facilities. The company operates through seven
business groups namely, Power & Industrial Systems PG, Textile PG,
Chemicals PG, Construction PG, Information & Communication PG, Industrial
Materials PG and Trading PG. Hyosung is headquartered in Seoul, Republic of Korea.The
company reported revenues of (Won) KRW 11,591,480.29 million during the fiscal
year ended December 2010, an increase of 15.81% over 2009. The operating profit
of the company was KRW 629,105.59 million during the fiscal year 2010, a
decrease of 0.75% from 2009. The net profit of the company was KRW 266,447.73
million during the fiscal year 2010, a decrease of 17.62% from 2009.
Operates through
seven business groups including textiles; chemicals; construction; information
and communication; industrial materials; power and industrial systems and
trading; Manufacture of nylon fiber including Spandex, Polyester fiber and
technical yarn; nylon tire cords; carpeting; Polypropylene; PET bottles;
transformers; motors; civil engineering and architectural services
Hyosung
Corporation (South Korea) has played a key role in the development of Korea's
synthetic fibre industry and is now one of the world's top four nylon
manufacturers. The company initially manufactured synthetic fibres and has
since diversified its business lines advancing into spandex yarn, polypropylene
resin, PTA, nylon film, polyester film, polyester bottles, steel cord, bead
wire, ATM machine, information and communications systems and distribution.
Management of Companies and Enterprises
Brand/Trade Names
TOPLON
MIPAN Swan Carpet
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Strategic Initiatives
Key Organizational
Changes
(Korea South-East
Power) held a groundbreaking ceremony for the construction of a renewable water
desalination plant at Yeongheung thermal power plant on Yeongheung Island in
Incheon on September 22, 2010. The plant is part of the New Growth Engine Smart
Project implemented by the Ministry of Knowledge Economy.The new desalination
plant, whose construction has just started, is a solar power multi-general
system, which will be developed in a hybrid style through an optimal
combination of a reverse osmosis-type water desalination plant and an
evaporation-type seawater desalination plant. The solar power multi-general
system is significant in that it utilizes solar energy in water desalination
for the first time in the world, which not only allows for the acquisition of
water resources, but also provides a means for eco-friendly freshwater
production. Hyosung Ebara will design and construct the plant, which will be
capable of churning out 2,000 tons of freshwater a day, by June 2010, and
operate and manage the facility for five years thereafter, before handing it
over to Korea South-East Power.Aug 30, 2010Hyosung Signs Substation
Construction Contract With Algerian Power AuthoritiesHyosung Corporation
(Hyosung) has signed a substation construction contract with the Algerian power
authorities in a KRW100 billion deal for providing four substations in the
north African country.
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Corporate
Family |
Corporate Structure
News: |
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Hyosung Corp |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Hyosung Corp |
Parent |
Seoul |
Korea, Republic of |
Textiles - Non Apparel |
10,237.6 |
7,631 |
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Acquisition of Global Safety Textiles GmbH proposed/announced.See corporate structure news on Hyosung Corp for details |
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Subsidiary |
Seoul |
Korea, Republic of |
Business Services |
145.6 |
5,484 |
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Subsidiary |
Incheon |
Korea, Republic of |
Construction Services |
521.7 |
489 |
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Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
107.3 |
195 |
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Subsidiary |
Dubai |
United Arab Emirates |
Textiles - Non Apparel |
50.0 |
100 |
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Subsidiary |
Bosqes de Las Lomas, Federal District |
Mexico |
Construction Services |
45.0 |
100 |
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Branch |
Makati , Metro Manila |
Philippines |
Chemicals - Plastics and Rubber |
30.0 |
100 |
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Branch |
Chaoyang District, Beijing |
China |
Textiles - Non Apparel |
1.0 |
100 |
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Subsidiary |
Beijing |
China |
Food Processing |
1.0 |
100 |
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Subsidiary |
Minato-ku, Tokyo |
Japan |
Chemical Manufacturing |
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44 |
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Subsidiary |
San Giuliano Milanese, Milano |
Italy |
Textiles - Non Apparel |
30.2 |
29 |
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Subsidiary |
New York, NY |
United States |
Electric Utilities |
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18 |
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Subsidiary |
Decatur, AL |
United States |
Apparel and Accessories |
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200 |
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Branch |
Utica, NY |
United States |
Electronic Instruments and Controls |
13.3 |
175 |
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Branch |
Taipei |
Taiwan |
Miscellaneous Capital Goods |
1.0 |
15 |
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Subsidiary |
Hanoi, Hanoi |
Viet Nam |
Textiles - Non Apparel |
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15 |
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Subsidiary |
Beomcheo-Dong |
Korea, Republic of |
Business Services |
1.0 |
10 |
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Subsidiary |
Kowloon, Kowloon |
Hong Kong |
Chemical Manufacturing |
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10 |
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Subsidiary |
Moscow |
Russian Federation |
Chemicals - Plastics and Rubber |
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10 |
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Subsidiary |
Pittsburgh, PA |
United States |
Electronic Instruments and Controls |
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7 |
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Subsidiary |
Bangkok |
Thailand |
Chemicals - Plastics and Rubber |
1.0 |
5 |
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Branch |
Kuala Lumpur |
Malaysia |
Consumer Financial Services |
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5 |
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Subsidiary |
Mexico |
Mexico |
Chemicals - Plastics and Rubber |
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4 |
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Subsidiary |
Seo-Gu |
Korea, Republic of |
Construction Services |
400.7 |
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Subsidiary |
Seoul |
Korea, Republic of |
Trucking |
100.8 |
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Hyosung Capital Co Ltd |
Subsidiary |
Seoul |
Korea, Republic of |
Consumer Financial Services |
87.9 |
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Hyosung Ebara Engineering Co., Ltd. |
Subsidiary |
Seoul |
Korea, Republic of |
Engineering Consultants |
75.2 |
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Hyosung Ebara Engineering Co., Ltd. |
Subsidiary |
Anyang |
Korea, Republic of |
Miscellaneous Capital Goods |
715.8 |
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Hyosung Construction Company Ltd. |
Subsidiary |
Seoul |
Korea, Republic of |
Construction Services |
14.5 |
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Hyosung Corporation |
Subsidiary |
Gumi |
Korea, Republic of |
Textiles - Non Apparel |
1.0 |
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Hyosung EbaraEnvironment Engineering Co Ltd |
Subsidiary |
Anyang, Kyonggi-do |
Korea, Republic of |
Engineering Consultants |
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Hyosung Corporation |
Subsidiary |
Mexico DF, Federal District |
Mexico |
Chemical Manufacturing |
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Hyosung Vietnam Co Ltd |
Subsidiary |
Nhon Trach District, Dong Nai Province |
Viet Nam |
Apparel and Accessories |
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Competitors
Report |
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Company Name |
Location |
Employees |
Ownership |
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Daewoo International Corporation |
Seoul, Korea, Republic of |
1,861 |
Public |
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Hyundai Heavy Industries Co., Ltd. |
Ulsan, Korea, Republic of |
25,985 |
Public |
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Korea Power Engineering Company, Inc. |
Yongin-Si, Korea, Republic of |
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Private |
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Mitsubishi Heavy Industries, Ltd. |
Tokyo, Japan |
68,816 |
Public |
Executive report
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Board of
Directors |
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Chairman of the Board, Co-Chief Executive
Officer |
Chairman |
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Vice Chairman of the Board, Co-Chief
Executive Officer |
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Director |
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Co-President, Director |
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Non-Executive Independent Director |
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Non-Executive Independent Director |
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Non-Executive Independent Director |
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Co-President, Director |
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Director |
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Executives |
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Chairman and Chief Executive Officer |
Chief Executive Officer |
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Chairman of the Board, Co-Chief Executive
Officer |
Chief Executive Officer |
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Vice Chairman of the Board, Co-Chief
Executive Officer |
Chief Executive Officer |
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Co-President, Director |
President |
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Co-President |
President |
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Co-President, Director |
President |
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Co-President |
President |
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Managing Director-Chemical |
Division Head Executive |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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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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Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director-Business Development |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||
|
Managing Director |
Managing Director |
|
|
||||
|
Chief Financial Officer & Senior Executive Vice President |
Finance Executive |
|
|
||||
|
Director-Accounting |
Accounting Executive |
|
|
||||
|
President of Trading PG |
Investment Executive |
|
|
||||
|
Co-Assistant Manager-Investor Relations |
Investment Executive |
|
|
||||
|
Manager-Investor Relations |
Investment Executive |
|
|
||||
|
Co-Assistant Manager-Investor Relations |
Investment Executive |
|
|
||||
|
Business Development Director |
Business Development Executive |
|
|
||||
|
Vice President-Construction |
Manufacturing Executive |
|
|
||||
|
Assistant Managing Directot |
Other |
|
|
||||
|
President of Textile PG and Director |
Other |
|
|
||||
|
||||||||
|
Vice President |
Other |
|
|
||||
|
Vice President |
Other |
|
|
||||
|
||||||||
|
Director |
Other |
|
|
||||
|
Vice President |
Other |
|
|
||||
|
||||||||
|
Vice President |
Other |
|
|
||||
|
President of Power and Industrial Systems PG |
Other |
|
|
||||
|
Vice President |
Other |
|
|
||||
|
Director |
Other |
|
|
||||
|
Vice President |
Other |
|
|
||||
|
Vice President-Textile |
Other |
|
|
||||
|
Vice President |
Other |
|
|
||||
|
Vice President |
Other |
|
|
||||
|
||||||||
|
Vice President |
Other |
|
|
||||
|
||||||||
|
Vice President |
Other |
|
|
||||
|
Vice President |
Other |
|
|
||||
|
||||||||
|
Manager-Privacy Policy |
Other |
|
|
||||
KOREA, REPUBLIC
OF,QATAR : Hyosung to set up electricity substations in Qatar
TendersInfo News
20 December 2011
[What follows is
the full text of the article.]
Hyosung Corp., South Korea based industrial company, signed a US $233
million contract through its associate - Hyosung Power & Industrial Systems
Performance Group, a leading provider of electrical equipment and industrial
machinery.
As per this
contract, Hyosung will establish 8 electricity substations in Qatar.
According to
Hyosung, Hyosung Power & Industrial Systems, will manage engineering and
procurement for the project, besides the construction work.
Before this new
deal, Hyosung Power and Industrial Systems had inked a US $112 million contract
to build three 132-KV and two 66-KV substations in Qatar, which will be
finished in 2012.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Total Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Cost of Revenue, Total |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Gross Profit |
997.4 |
1,296.5 |
1,305.4 |
1,243.7 |
1,195.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
363.0 |
334.0 |
496.3 |
470.7 |
405.2 |
|
Labor & Related Expense |
233.8 |
197.2 |
174.8 |
174.7 |
164.1 |
|
Advertising Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Total Selling/General/Administrative Expenses |
615.9 |
548.3 |
684.7 |
660.5 |
587.4 |
|
Research & Development |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Depreciation |
10.5 |
8.9 |
9.8 |
14.2 |
13.7 |
|
Amortization of Intangibles |
4.3 |
3.1 |
34.4 |
39.0 |
31.4 |
|
Depreciation/Amortization |
14.9 |
12.0 |
44.2 |
53.2 |
45.1 |
|
Investment Income -
Operating |
-1.0 |
-17.1 |
- |
- |
- |
|
Interest/Investment Income - Operating |
-1.0 |
-17.1 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
-1.0 |
-17.1 |
- |
- |
- |
|
Impairment-Assets Held for Use |
26.3 |
-1.3 |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
1.5 |
2.8 |
- |
- |
- |
|
Unusual Expense (Income) |
27.8 |
1.5 |
- |
- |
- |
|
Other Operating Expense |
30.9 |
52.0 |
- |
- |
- |
|
Other, Net |
-70.4 |
-50.0 |
- |
- |
- |
|
Other Operating Expenses, Total |
-39.5 |
2.0 |
- |
- |
- |
|
Total Operating Expense |
9,976.9 |
8,122.8 |
7,345.2 |
8,283.3 |
7,191.9 |
|
|
|
|
|
|
|
|
Operating Income |
260.7 |
652.3 |
496.6 |
439.6 |
482.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
Interest Expense, Net Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
Interest Income -
Non-Operating |
17.3 |
6.0 |
25.5 |
21.9 |
15.0 |
|
Investment Income -
Non-Operating |
-97.3 |
-2.9 |
3.3 |
-219.4 |
15.4 |
|
Interest/Investment Income - Non-Operating |
-80.0 |
3.1 |
28.8 |
-197.6 |
30.5 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-269.7 |
-163.4 |
-144.0 |
-367.2 |
-105.7 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.2 |
-4.5 |
-10.0 |
|
Other Non-Operating Income (Expense) |
- |
- |
-69.5 |
12.5 |
-45.4 |
|
Other, Net |
- |
- |
-69.5 |
12.5 |
-45.4 |
|
Income Before Tax |
-9.0 |
488.9 |
283.3 |
80.4 |
321.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
40.3 |
139.8 |
96.3 |
-48.2 |
96.7 |
|
Income After Tax |
-49.3 |
349.2 |
187.1 |
128.6 |
224.5 |
|
|
|
|
|
|
|
|
Minority Interest |
44.1 |
59.4 |
66.3 |
-21.0 |
-34.5 |
|
Equity In Affiliates |
- |
- |
- |
- |
-11.2 |
|
Net Income Before Extraord Items |
-5.3 |
408.5 |
253.4 |
107.7 |
178.8 |
|
Discontinued Operations |
-35.3 |
-144.1 |
- |
- |
- |
|
Total Extraord Items |
-35.3 |
-144.1 |
- |
- |
- |
|
Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-5.3 |
408.5 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Basic EPS Excl Extraord Items |
-0.16 |
12.28 |
7.62 |
3.24 |
5.38 |
|
Basic/Primary EPS Incl Extraord Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
Diluted Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Diluted EPS Excl Extraord Items |
-0.16 |
12.28 |
7.62 |
3.24 |
5.38 |
|
Diluted EPS Incl Extraord Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dividends per Share - Common Stock Primary Issue |
0.90 |
1.08 |
0.78 |
0.68 |
0.81 |
|
Gross Dividends - Common Stock |
30.0 |
36.0 |
26.1 |
22.7 |
26.9 |
|
Interest Expense, Supplemental |
189.7 |
166.5 |
172.8 |
169.6 |
136.2 |
|
Depreciation, Supplemental |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Total Special Items |
27.8 |
1.5 |
-0.2 |
4.5 |
-13.5 |
|
Normalized Income Before Tax |
18.8 |
490.4 |
283.2 |
84.9 |
307.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
9.7 |
0.4 |
-0.1 |
1.6 |
3.0 |
|
Inc Tax Ex Impact of Sp Items |
50.1 |
140.2 |
96.2 |
-46.6 |
99.7 |
|
Normalized Income After Tax |
-31.3 |
350.2 |
186.9 |
131.5 |
208.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.8 |
409.6 |
253.3 |
110.6 |
162.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.38 |
12.31 |
7.61 |
3.32 |
4.88 |
|
Diluted Normalized EPS |
0.38 |
12.31 |
7.61 |
3.32 |
4.88 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
- |
-23.5 |
|
Amort of Intangibles, Supplemental |
9.6 |
9.1 |
37.3 |
40.1 |
31.8 |
|
Rental Expenses |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
Advertising Expense, Supplemental |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Research & Development Exp, Supplemental |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Normalized EBIT |
287.5 |
636.8 |
496.6 |
439.6 |
482.2 |
|
Normalized EBITDA |
669.6 |
989.8 |
803.3 |
776.7 |
823.6 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
457.1 |
548.6 |
385.1 |
380.6 |
215.3 |
|
Short Term Investments |
21.5 |
51.4 |
52.3 |
13.2 |
68.8 |
|
Cash and Short Term Investments |
478.6 |
600.0 |
437.4 |
393.8 |
284.1 |
|
Accounts Receivable -
Trade, Gross |
- |
- |
1,471.8 |
1,058.9 |
882.7 |
|
Provision for Doubtful
Accounts |
- |
- |
-57.5 |
-19.5 |
-20.9 |
|
Trade Accounts Receivable - Net |
2,179.6 |
2,496.8 |
1,435.8 |
1,056.5 |
875.0 |
|
Other Receivables |
- |
- |
289.8 |
276.9 |
45.4 |
|
Total Receivables, Net |
2,179.6 |
2,496.8 |
1,725.6 |
1,333.4 |
920.4 |
|
Inventories - Finished Goods |
- |
- |
334.6 |
429.6 |
316.5 |
|
Inventories - Work In Progress |
- |
- |
145.4 |
169.0 |
183.2 |
|
Inventories - Raw Materials |
- |
- |
306.2 |
271.6 |
272.9 |
|
Inventories - Other |
- |
- |
208.7 |
113.1 |
124.1 |
|
Total Inventory |
1,593.6 |
1,252.6 |
994.9 |
983.3 |
896.7 |
|
Prepaid Expenses |
12.6 |
6.9 |
24.4 |
24.7 |
17.3 |
|
Deferred Income Tax - Current Asset |
- |
- |
20.9 |
80.3 |
16.5 |
|
Other Current Assets |
177.2 |
154.7 |
160.4 |
99.9 |
28.4 |
|
Other Current Assets, Total |
177.2 |
154.7 |
181.3 |
180.3 |
45.0 |
|
Total Current Assets |
4,441.5 |
4,511.0 |
3,363.6 |
2,915.4 |
2,163.5 |
|
|
|
|
|
|
|
|
Buildings |
- |
- |
1,022.8 |
902.7 |
1,081.9 |
|
Land/Improvements |
- |
- |
1,404.0 |
1,289.9 |
795.3 |
|
Machinery/Equipment |
- |
- |
3,853.5 |
3,439.4 |
3,778.6 |
|
Construction in Progress |
- |
- |
300.6 |
226.4 |
260.9 |
|
Natural Resources |
- |
- |
0.8 |
0.8 |
1.4 |
|
Property/Plant/Equipment - Gross |
- |
- |
6,581.7 |
5,859.1 |
5,918.2 |
|
Accumulated Depreciation |
- |
- |
-2,818.6 |
-2,392.2 |
-2,873.7 |
|
Property/Plant/Equipment - Net |
4,279.4 |
3,704.2 |
3,763.1 |
3,467.0 |
3,044.5 |
|
Goodwill, Net |
- |
- |
64.1 |
85.5 |
171.4 |
|
Intangibles, Net |
391.3 |
231.0 |
53.7 |
47.8 |
39.1 |
|
LT Investment - Affiliate Companies |
224.8 |
169.3 |
85.5 |
65.4 |
82.9 |
|
LT Investments - Other |
2,251.4 |
2,057.3 |
1,352.1 |
1,303.1 |
1,549.1 |
|
Long Term Investments |
2,476.2 |
2,226.6 |
1,437.6 |
1,368.5 |
1,632.0 |
|
Note Receivable - Long Term |
182.7 |
143.9 |
0.3 |
0.3 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
29.6 |
19.7 |
9.0 |
7.8 |
1.3 |
|
Other Long Term Assets |
24.9 |
10.4 |
137.4 |
109.3 |
88.6 |
|
Other Long Term Assets, Total |
54.5 |
30.1 |
146.4 |
117.1 |
90.0 |
|
Total Assets |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,618.6 |
1,835.8 |
1,173.2 |
977.1 |
733.1 |
|
Accrued Expenses |
- |
- |
70.4 |
69.0 |
54.8 |
|
Notes Payable/Short Term Debt |
3,521.5 |
3,055.8 |
1,385.5 |
1,387.4 |
1,191.4 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
964.9 |
716.3 |
538.3 |
|
Customer Advances |
- |
- |
237.7 |
205.8 |
134.0 |
|
Security Deposits |
- |
- |
139.8 |
82.3 |
160.4 |
|
Income Taxes Payable |
16.0 |
92.7 |
26.1 |
14.7 |
61.9 |
|
Other Payables |
- |
- |
229.1 |
178.2 |
157.5 |
|
Deferred Income Tax - Current Liability |
- |
- |
0.0 |
0.0 |
0.1 |
|
Other Current Liabilities |
375.6 |
274.8 |
76.1 |
95.1 |
28.5 |
|
Other Current liabilities, Total |
391.6 |
367.4 |
708.8 |
576.0 |
542.4 |
|
Total Current Liabilities |
5,531.7 |
5,258.9 |
4,302.8 |
3,725.8 |
3,060.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
Total Long Term Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
Total Debt |
6,564.2 |
5,263.0 |
3,925.5 |
3,890.4 |
3,828.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
324.5 |
295.6 |
- |
- |
- |
|
Deferred Income Tax |
324.5 |
295.6 |
- |
- |
- |
|
Minority Interest |
79.4 |
133.5 |
276.5 |
213.2 |
134.2 |
|
Reserves |
- |
- |
36.0 |
17.1 |
11.3 |
|
Pension Benefits - Underfunded |
45.9 |
47.8 |
52.8 |
46.5 |
56.3 |
|
Other Long Term Liabilities |
311.2 |
289.4 |
251.6 |
275.3 |
138.8 |
|
Other Liabilities, Total |
357.1 |
337.2 |
340.4 |
338.9 |
206.4 |
|
Total Liabilities |
9,335.4 |
8,232.5 |
6,494.8 |
6,064.5 |
5,499.6 |
|
|
|
|
|
|
|
|
Common Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Common Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Additional Paid-In Capital |
113.6 |
115.3 |
1,004.1 |
933.1 |
1,254.3 |
|
Retained Earnings (Accumulated Deficit) |
1,921.2 |
2,033.1 |
509.5 |
213.9 |
223.0 |
|
Treasury Stock - Common |
- |
- |
-29.4 |
-27.2 |
-36.5 |
|
Unrealized Gain (Loss) |
- |
- |
610.7 |
529.5 |
25.4 |
|
Translation Adjustment |
- |
- |
89.8 |
148.4 |
-12.8 |
|
Other Equity |
303.1 |
311.1 |
-1.5 |
- |
- |
|
Other Equity, Total |
303.1 |
311.1 |
88.4 |
148.4 |
-12.8 |
|
Total Equity |
2,490.3 |
2,614.2 |
2,334.0 |
1,937.1 |
1,641.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Total Common Shares Outstanding |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Treasury Shares - Common Stock Primary Issue |
1.8 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Employees |
- |
7,786 |
7,047 |
6,340 |
5,920 |
|
Number of Common Shareholders |
- |
32,363 |
- |
20,913 |
21,588 |
|
Deferred Revenue - Current |
- |
- |
237.7 |
205.8 |
134.0 |
|
Total Long Term Debt, Supplemental |
- |
- |
2,542.9 |
2,505.8 |
2,640.2 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
964.9 |
716.3 |
538.3 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
823.6 |
901.9 |
694.3 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
500.1 |
648.2 |
689.6 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
183.7 |
136.0 |
114.7 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
37.5 |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
1,323.7 |
1,550.1 |
1,383.9 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
221.3 |
136.0 |
114.7 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
33.1 |
103.4 |
603.4 |
|
Total Operating Leases, Supplemental |
- |
- |
15.5 |
11.6 |
0.8 |
|
Operating Lease Payments Due in Year 1 |
- |
- |
5.9 |
3.5 |
0.8 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
2.4 |
3.5 |
- |
|
Operating Lease Payments Due in Year 3 |
- |
- |
2.4 |
3.5 |
- |
|
Operating Lease Payments Due in Year 4 |
- |
- |
2.4 |
1.1 |
- |
|
Operating Lease Payments Due in Year 5 |
- |
- |
2.4 |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
4.8 |
7.0 |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
- |
- |
4.8 |
1.1 |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
0.0 |
0.0 |
0.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-9.0 |
488.9 |
187.1 |
128.6 |
213.3 |
|
Depreciation |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Depreciation/Depletion |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amortization of Intangibles |
- |
- |
37.3 |
40.1 |
32.6 |
|
Amortization |
- |
- |
37.3 |
40.1 |
32.6 |
|
Deferred Taxes |
- |
- |
44.1 |
-62.9 |
36.7 |
|
Discontinued Operations |
-58.0 |
-119.1 |
- |
- |
- |
|
Unusual Items |
139.1 |
4.3 |
29.4 |
8.1 |
5.5 |
|
Equity in Net Earnings (Loss) |
-43.5 |
-18.0 |
-5.4 |
3.0 |
-4.5 |
|
Other Non-Cash Items |
174.6 |
128.1 |
115.0 |
128.6 |
66.8 |
|
Non-Cash Items |
212.2 |
-4.6 |
139.0 |
139.6 |
67.8 |
|
Accounts Receivable |
-436.2 |
-370.8 |
-291.3 |
-78.2 |
-257.6 |
|
Inventories |
-402.8 |
-244.4 |
-7.2 |
-326.1 |
-16.4 |
|
Prepaid Expenses |
- |
- |
17.7 |
-1.3 |
-216.9 |
|
Other Assets |
-330.9 |
-460.3 |
40.8 |
-39.0 |
-14.1 |
|
Accounts Payable |
395.4 |
556.4 |
129.1 |
281.3 |
-17.1 |
|
Accrued Expenses |
- |
- |
-3.7 |
20.5 |
25.5 |
|
Taxes Payable |
- |
- |
9.3 |
-38.4 |
35.6 |
|
Other Liabilities |
-22.9 |
-47.6 |
-36.7 |
-35.5 |
0.9 |
|
Other Assets & Liabilities, Net |
-54.1 |
-3.0 |
- |
- |
- |
|
Other Operating Cash Flow |
-218.2 |
-164.3 |
-50.6 |
177.9 |
34.1 |
|
Changes in Working Capital |
-1,069.7 |
-734.0 |
-192.8 |
-38.8 |
-426.1 |
|
Cash from Operating Activities |
-493.9 |
94.4 |
484.0 |
503.6 |
257.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-962.7 |
-525.1 |
-385.7 |
-810.5 |
-378.5 |
|
Purchase/Acquisition of Intangibles |
-49.1 |
-33.4 |
-13.4 |
-15.4 |
-40.7 |
|
Capital Expenditures |
-1,011.8 |
-558.5 |
-399.1 |
-825.9 |
-419.2 |
|
Sale of Business |
12.1 |
53.4 |
- |
- |
- |
|
Sale of Fixed Assets |
21.2 |
31.0 |
62.7 |
27.8 |
44.4 |
|
Sale/Maturity of Investment |
142.9 |
135.8 |
150.9 |
170.5 |
40.8 |
|
Purchase of Investments |
-223.6 |
-96.3 |
-203.6 |
-220.5 |
-65.0 |
|
Sale of Intangible Assets |
4.5 |
2.1 |
- |
- |
- |
|
Other Investing Cash Flow |
-143.0 |
110.0 |
-61.2 |
3.8 |
-16.3 |
|
Other Investing Cash Flow Items, Total |
-186.0 |
236.0 |
-51.2 |
-18.4 |
3.9 |
|
Cash from Investing Activities |
-1,197.8 |
-322.5 |
-450.3 |
-844.3 |
-415.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
117.8 |
-67.9 |
-612.4 |
-397.7 |
-597.2 |
|
Financing Cash Flow Items |
117.8 |
-67.9 |
-612.4 |
-397.7 |
-597.2 |
|
Cash Dividends Paid - Common |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Total Cash Dividends Paid |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Sale/Issuance of
Common |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Common Stock, Net |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Issuance (Retirement) of Stock, Net |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Short Term Debt Issued |
4,794.0 |
4,233.7 |
5,105.4 |
7,617.3 |
5,407.7 |
|
Short Term Debt
Reduction |
-4,692.1 |
-4,272.9 |
-5,189.1 |
-7,523.4 |
-5,468.8 |
|
Short Term Debt, Net |
101.9 |
-39.2 |
-83.6 |
93.9 |
-61.1 |
|
Long Term Debt Issued |
1,833.1 |
1,281.4 |
695.5 |
1,211.5 |
781.9 |
|
Long Term Debt
Reduction |
-417.7 |
-741.7 |
-142.9 |
-291.1 |
- |
|
Long Term Debt, Net |
1,415.4 |
539.7 |
552.5 |
920.4 |
781.9 |
|
Issuance (Retirement) of Debt, Net |
1,517.3 |
500.5 |
468.9 |
1,014.3 |
720.8 |
|
Cash from Financing Activities |
1,605.1 |
403.4 |
-57.9 |
593.2 |
108.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-1.0 |
- |
- |
- |
|
Net Change in Cash |
-86.7 |
174.2 |
-24.2 |
252.5 |
-49.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
562.0 |
364.3 |
375.6 |
183.1 |
266.6 |
|
Net Cash - Ending Balance |
475.3 |
538.5 |
351.4 |
435.6 |
216.8 |
|
Cash Interest Paid |
230.4 |
216.6 |
- |
- |
- |
|
Cash Taxes Paid |
146.7 |
76.9 |
- |
- |
- |
Annual Income Statement
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Total Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Salaries & Wages |
192.7 |
167.6 |
146.5 |
145.5 |
136.4 |
|
Retirement Allowance |
16.0 |
12.2 |
13.4 |
13.4 |
14.2 |
|
Employee Benefits |
25.0 |
17.3 |
14.9 |
15.8 |
13.5 |
|
Education & Training |
3.8 |
4.6 |
3.4 |
4.2 |
3.2 |
|
Travel Expenses |
25.6 |
21.7 |
20.1 |
20.6 |
16.0 |
|
Vehicle & Transport. |
- |
- |
3.8 |
4.0 |
3.9 |
|
Communication Exp. |
7.0 |
5.5 |
4.5 |
5.3 |
5.0 |
|
Taxes and Dues |
15.9 |
12.7 |
12.9 |
10.7 |
8.0 |
|
Insurance Expenses |
- |
- |
2.8 |
3.5 |
2.5 |
|
Rent |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
Depreciation Expense |
10.5 |
8.9 |
9.8 |
14.2 |
13.7 |
|
Amort of Intangibles |
4.3 |
3.1 |
34.4 |
39.0 |
31.4 |
|
Overseas Branch Exp. |
18.3 |
14.8 |
14.3 |
17.2 |
15.5 |
|
Advertising Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Shipping & Storage Expense |
47.6 |
41.2 |
- |
- |
- |
|
Shipping/Handling |
- |
- |
37.7 |
41.6 |
39.2 |
|
Commissions Paid |
59.7 |
61.5 |
67.0 |
49.2 |
32.4 |
|
Exporting Expenses |
84.9 |
76.1 |
175.8 |
192.2 |
174.5 |
|
Entertainment |
11.3 |
10.0 |
- |
- |
- |
|
Research & Development Expense |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Amort. of Bad Debts |
- |
- |
39.3 |
11.3 |
4.1 |
|
Services Expenses |
- |
- |
12.4 |
14.0 |
8.5 |
|
Volunteer Expense |
- |
- |
9.1 |
18.1 |
19.4 |
|
Misc Sales & Adm Exp |
- |
- |
75.8 |
62.3 |
58.7 |
|
Other Selling and Administrative Expense |
67.6 |
68.9 |
- |
- |
- |
|
Adjustment for Selling and Administrativ |
0.0 |
0.0 |
- |
- |
- |
|
Rental Income |
-1.1 |
-1.1 |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
-3.1 |
-8.3 |
- |
- |
- |
|
Recovery of Impairment Loss on Property, |
- |
-5.3 |
- |
- |
- |
|
Gain on Disposal of Intangible Assets |
0.0 |
- |
- |
- |
- |
|
Recovery of Impairment Loss on Intangibl |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Investment in Real E |
-0.1 |
-1.5 |
- |
- |
- |
|
Gain on Disposal of Other Assets |
- |
-0.2 |
- |
- |
- |
|
Miscellaneous Income |
-61.4 |
-44.2 |
- |
- |
- |
|
Gain on Purchase at Bargain Price |
- |
-2.4 |
- |
- |
- |
|
Gain on Derivative Transactions |
-31.6 |
-14.7 |
- |
- |
- |
|
Gain on Valuation of Derivatives |
-5.4 |
-15.4 |
- |
- |
- |
|
Reversal of Allowance for Doubtful Accou |
-2.6 |
-0.2 |
- |
- |
- |
|
Recovery of Allowance for Other Assets |
-1.3 |
- |
- |
- |
- |
|
Government Subsidy |
-2.4 |
-0.7 |
- |
- |
- |
|
Dividend Income |
-1.6 |
-1.4 |
- |
- |
- |
|
Adjustment for Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Valuation of Inventory |
0.6 |
0.2 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
2.2 |
8.9 |
- |
- |
- |
|
Impairment Loss on Property, Plant and E |
25.9 |
3.9 |
- |
- |
- |
|
Loss on Disposal of Intangible Assets |
0.1 |
- |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
0.4 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Investment in Real E |
0.0 |
4.1 |
- |
- |
- |
|
Impairment Loss on Investment in Real Es |
- |
0.0 |
- |
- |
- |
|
Loss on Disposal of Other Assets |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Reduction of Other Assets |
0.4 |
16.0 |
- |
- |
- |
|
Miscellaneous Loss |
22.1 |
28.6 |
- |
- |
- |
|
Loss on Derivative Transactions |
17.2 |
5.6 |
- |
- |
- |
|
Loss on Valuation of Derivatives |
18.2 |
4.6 |
- |
- |
- |
|
Loss on Scrapping of Inventory |
0.2 |
- |
- |
- |
- |
|
Donations Paid |
2.9 |
3.0 |
- |
- |
- |
|
nego Commission |
5.4 |
4.4 |
- |
- |
- |
|
Loss on Disposal of Trade Receivable |
2.1 |
2.4 |
- |
- |
- |
|
Sales Incentives |
0.1 |
0.1 |
- |
- |
- |
|
Adjustment for Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
9,976.9 |
8,122.8 |
7,345.2 |
8,283.3 |
7,191.9 |
|
|
|
|
|
|
|
|
Interest Income |
17.3 |
6.0 |
25.5 |
21.9 |
15.0 |
|
Dividend Income |
- |
- |
0.2 |
0.8 |
1.3 |
|
Rental Income |
- |
- |
0.7 |
0.6 |
0.3 |
|
Gain Dispose Assets |
- |
- |
4.5 |
3.0 |
4.2 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
1.2 |
5.9 |
- |
|
Gain Disp of Mkt Sec |
- |
- |
- |
- |
1.9 |
|
Gain Disp Inv Asset |
- |
- |
1.1 |
0.7 |
13.0 |
|
G-Secs for Sale Disposal |
21.3 |
0.1 |
- |
- |
- |
|
G-Foreign Currency Transaction |
133.6 |
87.8 |
58.0 |
62.8 |
6.1 |
|
G-Foreign Exchange Translation |
70.8 |
72.2 |
104.6 |
110.6 |
40.3 |
|
Recovery-Loan Loss Reserve |
- |
- |
- |
14.2 |
- |
|
Recovery-Invest. Asset Reduction Loss |
- |
- |
0.7 |
0.5 |
0.0 |
|
G-Valuation of Derivatives |
- |
- |
13.3 |
10.5 |
0.8 |
|
G-Derivatives Trading |
- |
- |
12.5 |
5.1 |
1.5 |
|
Miscellaneous Income |
- |
- |
46.9 |
67.4 |
33.2 |
|
Interest Expense, Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
L-Trade Rcvbl Disposal |
- |
- |
-2.3 |
-3.9 |
-3.9 |
|
L-Disp. of Inv. Assets |
- |
- |
-17.8 |
-1.2 |
0.0 |
|
L-Reduct Loss of Investment Assets |
- |
- |
-5.1 |
-0.5 |
-9.6 |
|
Sales Incentives |
- |
- |
-0.1 |
-0.1 |
-0.1 |
|
L-Reduct of Secs. Avail.-for-Sale |
-125.4 |
0.0 |
- |
- |
-0.8 |
|
L-Secs for Sale Disposal |
-1.0 |
- |
- |
- |
- |
|
Loss Disp Tang. Ast |
- |
- |
-2.0 |
-3.6 |
-6.5 |
|
Loss Reduction of Tangible Asset |
- |
- |
- |
- |
-3.7 |
|
Loss-Reduction of Tangible Assets |
- |
- |
-7.7 |
-2.1 |
- |
|
L-Derivatives Valuation |
- |
- |
-2.4 |
-47.0 |
-2.0 |
|
L-Derivatives Transaction |
- |
- |
-17.4 |
-66.0 |
-1.1 |
|
Loss on Valuation of Financial Assets at |
-6.5 |
- |
- |
- |
- |
|
Loss-Redemption of Debentures |
- |
- |
-0.2 |
-0.8 |
- |
|
L-Foreign Currency Transaction |
-102.6 |
-108.7 |
-41.5 |
-99.5 |
-10.2 |
|
Loss-Reduction of Goodwill |
- |
- |
- |
-0.5 |
- |
|
L-Foreign Exchange Translation |
-130.9 |
-72.2 |
-99.7 |
-189.2 |
-30.2 |
|
Other Amortization |
- |
- |
-43.5 |
-12.0 |
-4.4 |
|
Loss Value Inventory |
- |
- |
-0.1 |
-0.1 |
0.0 |
|
Miscellaneous Exp. |
- |
- |
-43.3 |
-21.0 |
-34.3 |
|
Donations Paid |
- |
- |
-2.2 |
-1.7 |
-1.4 |
|
Fee & Charges Exp |
- |
- |
-30.0 |
-41.3 |
-38.7 |
|
Gain Under Equity Method |
- |
- |
7.2 |
3.9 |
7.9 |
|
Loss under Equity Method |
- |
- |
-1.8 |
-6.9 |
-3.4 |
|
Adjustment for Finance Income |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Gain/Loss on Investments in Affiliates |
43.5 |
18.0 |
- |
- |
- |
|
Net Income Before Taxes |
-9.0 |
488.9 |
283.3 |
80.4 |
321.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
40.3 |
139.8 |
96.3 |
-48.2 |
96.7 |
|
Net Income After Taxes |
-49.3 |
349.2 |
187.1 |
128.6 |
224.5 |
|
|
|
|
|
|
|
|
Loss in Affiliates |
- |
- |
- |
- |
-11.2 |
|
Gain Minority Int. |
- |
- |
66.3 |
-21.0 |
-34.5 |
|
Loss Minority Int. |
44.1 |
59.4 |
- |
- |
- |
|
Net Income Before Extra. Items |
-5.3 |
408.5 |
253.4 |
107.7 |
178.8 |
|
Loss on Discontinued Operations |
-35.3 |
-144.1 |
- |
- |
- |
|
Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-5.3 |
408.5 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.16 |
12.28 |
7.62 |
3.24 |
5.38 |
|
Basic EPS Including ExtraOrdinary Item |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
Diluted Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.16 |
12.28 |
7.62 |
3.24 |
5.38 |
|
Diluted EPS Including ExtraOrd Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
DPS-Common Stock |
0.90 |
1.08 |
0.78 |
0.68 |
0.81 |
|
Gross Dividends - Common Stock |
30.0 |
36.0 |
26.1 |
22.7 |
26.9 |
|
Normalized Income Before Taxes |
18.8 |
490.4 |
283.2 |
84.9 |
307.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
50.1 |
140.2 |
96.2 |
-46.6 |
99.7 |
|
Normalized Income After Taxes |
-31.3 |
350.2 |
186.9 |
131.5 |
208.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.8 |
409.6 |
253.3 |
110.6 |
162.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.38 |
12.31 |
7.61 |
3.32 |
4.88 |
|
Diluted Normalized EPS |
0.38 |
12.31 |
7.61 |
3.32 |
4.88 |
|
Interest Expense, Supplemental |
189.7 |
166.5 |
172.8 |
169.6 |
136.2 |
|
Advertising Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Rental Expense, Supplemental |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
R&D Expense, Supplemental |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Depreciation, Supplemental |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amort of Acquisition Costs |
- |
- |
- |
- |
-23.5 |
|
Amort of Intangibles, Supplemental |
9.6 |
9.1 |
37.3 |
40.1 |
31.8 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
- |
- |
385.1 |
380.6 |
215.3 |
|
ST Financial Assets |
- |
- |
48.5 |
11.2 |
68.8 |
|
ST Securities Available for Sale |
- |
- |
3.7 |
2.0 |
- |
|
Derivatives |
- |
- |
14.6 |
12.0 |
- |
|
ST Loans |
- |
- |
200.4 |
155.9 |
15.7 |
|
Trade Rcvb Gross |
- |
- |
1,471.8 |
1,058.9 |
882.7 |
|
Doubtful Account |
- |
- |
-57.5 |
-19.5 |
-20.9 |
|
Other Receivables |
- |
- |
89.4 |
121.0 |
29.8 |
|
Advance Payments |
- |
- |
205.7 |
107.6 |
107.7 |
|
Prepaid Expenses |
- |
- |
24.4 |
24.7 |
17.3 |
|
Accrued Income |
- |
- |
21.4 |
17.0 |
13.2 |
|
Deferred Income Tax |
- |
- |
20.9 |
80.3 |
16.5 |
|
Other Quick Asst |
- |
- |
15.9 |
43.9 |
19.4 |
|
Merchandise |
- |
- |
92.5 |
66.8 |
95.4 |
|
Manufactured Goods/ Outsourcing |
- |
- |
3.7 |
29.9 |
5.4 |
|
Trust Mfg Good |
- |
- |
0.4 |
0.3 |
0.4 |
|
Finished Goods |
- |
- |
195.1 |
318.1 |
198.7 |
|
Unfinished Construction Fee |
- |
- |
11.1 |
69.9 |
71.9 |
|
Semi-finish Good |
- |
- |
84.0 |
68.6 |
63.2 |
|
Work in Progress |
- |
- |
50.3 |
30.4 |
48.2 |
|
Raw Materials |
- |
- |
196.8 |
137.7 |
139.3 |
|
Suppl. Material |
- |
- |
18.0 |
30.9 |
9.7 |
|
Supplies |
- |
- |
3.0 |
5.5 |
16.4 |
|
Land in Commercial Use |
- |
- |
91.3 |
103.1 |
123.8 |
|
Goods in Transit |
- |
- |
42.8 |
14.2 |
16.6 |
|
Display Materials |
- |
- |
0.2 |
0.4 |
0.1 |
|
Other Current Assets |
177.2 |
154.7 |
129.9 |
44.1 |
9.1 |
|
Cash & Cash Equivalents |
457.1 |
548.6 |
- |
- |
- |
|
Trade & Other Receivables |
2,090.3 |
2,363.0 |
- |
- |
- |
|
Unbilled Constructions |
89.2 |
133.8 |
- |
- |
- |
|
Other Financial Instruments |
21.5 |
51.4 |
- |
- |
- |
|
Inventories |
1,593.6 |
1,252.6 |
- |
- |
- |
|
Current Tax Assets |
12.6 |
6.9 |
- |
- |
- |
|
Total Current Assets |
4,441.5 |
4,511.0 |
3,363.6 |
2,915.4 |
2,163.5 |
|
|
|
|
|
|
|
|
LT Finl Assets |
- |
- |
65.9 |
57.9 |
57.7 |
|
Secs for Sale |
- |
- |
154.1 |
125.6 |
109.6 |
|
Affiliates Stocks |
224.8 |
169.3 |
85.5 |
65.4 |
82.9 |
|
Securities Held to Maturities |
- |
- |
4.5 |
9.2 |
- |
|
LT Loan |
- |
- |
4.1 |
3.6 |
3.4 |
|
Guarantee Dep. |
- |
- |
111.0 |
109.1 |
88.6 |
|
LT Trade Receivable |
- |
- |
0.3 |
0.3 |
0.2 |
|
LT Prepaid Expense |
- |
- |
26.4 |
0.2 |
- |
|
Natural Resource Development Fund |
- |
- |
0.8 |
0.8 |
1.4 |
|
LA Defer Tax Dbt |
29.6 |
19.7 |
9.0 |
7.8 |
1.3 |
|
Other Inv Assets |
- |
- |
21.7 |
55.5 |
4.7 |
|
Other Financial Business Assets |
1,814.3 |
1,558.3 |
1,101.8 |
1,051.3 |
1,373.6 |
|
Land |
- |
- |
1,404.0 |
1,289.9 |
795.3 |
|
Buildings |
- |
- |
892.8 |
780.8 |
941.8 |
|
Buildings Depre. |
- |
- |
-183.8 |
-148.4 |
-220.5 |
|
Buildings-Reduction |
- |
- |
-6.7 |
-2.2 |
-6.1 |
|
Structures |
- |
- |
136.7 |
124.1 |
146.3 |
|
Structure Depre. |
- |
- |
-39.3 |
-33.8 |
-39.0 |
|
Tools/Equip./Fix |
- |
- |
249.8 |
202.4 |
251.1 |
|
Tool/Equip Depr. |
- |
- |
-165.0 |
-135.8 |
-185.4 |
|
Machinery/Equip. |
- |
- |
3,582.7 |
3,214.3 |
3,497.8 |
|
Mach/Equip Depre |
- |
- |
-2,411.1 |
-2,056.8 |
-2,405.2 |
|
Machinery & Equipment, Reduction |
- |
- |
-6.1 |
-1.8 |
- |
|
Transport Equip. |
- |
- |
27.1 |
24.4 |
29.8 |
|
Transport Deprec |
- |
- |
-19.4 |
-17.2 |
-23.7 |
|
Construct. |
- |
- |
299.9 |
225.5 |
260.6 |
|
Mach.In Transit |
- |
- |
0.7 |
0.9 |
0.3 |
|
Indust.-Patent |
- |
- |
6.5 |
7.2 |
5.8 |
|
Facility Use Rgt |
- |
- |
0.0 |
0.1 |
0.8 |
|
Other Intangible |
- |
- |
47.1 |
40.5 |
32.5 |
|
Goodwill |
- |
- |
79.0 |
103.5 |
171.4 |
|
Negative Goodwill |
- |
- |
-14.9 |
-17.9 |
- |
|
Non-Current Trade & Other Receivables |
182.7 |
143.9 |
- |
- |
- |
|
Property, Plant & Equipment, Net |
4,279.4 |
3,704.2 |
- |
- |
- |
|
Investment in Properties |
335.8 |
303.5 |
- |
- |
- |
|
Intangible Assets |
391.3 |
231.0 |
- |
- |
- |
|
Other Non-Current Financial Assets |
101.3 |
195.4 |
- |
- |
- |
|
Other Non-Current Assets |
24.9 |
10.4 |
- |
- |
- |
|
Total Assets |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
- |
- |
1,173.2 |
977.1 |
733.1 |
|
Accounts Payable |
- |
- |
229.1 |
178.2 |
157.5 |
|
Inc. Taxes Pay. |
16.0 |
92.7 |
26.1 |
14.7 |
61.9 |
|
Accrued Expenses |
- |
- |
70.4 |
69.0 |
54.8 |
|
Customer Advance |
- |
- |
237.7 |
205.8 |
134.0 |
|
Deposit Withheld |
- |
- |
56.1 |
47.0 |
25.1 |
|
CL Deferred Tax |
- |
- |
0.0 |
0.0 |
0.1 |
|
Security Deposit Withheld |
- |
- |
139.8 |
82.3 |
160.4 |
|
ST Borrowings |
3,521.5 |
3,055.8 |
1,385.5 |
1,387.4 |
1,191.4 |
|
Derivatives in Liabilities, Current |
- |
- |
13.1 |
41.7 |
- |
|
Current Port LTD |
- |
- |
964.9 |
716.3 |
538.3 |
|
Other Cur Liabs. |
332.1 |
238.1 |
6.9 |
6.4 |
3.4 |
|
Current Trade & Other Payables |
1,618.6 |
1,835.8 |
- |
- |
- |
|
Overbilled Constructions |
24.9 |
30.3 |
- |
- |
- |
|
Other Current Financial Liabilities |
18.7 |
6.5 |
- |
- |
- |
|
Total Current Liabilities |
5,531.7 |
5,258.9 |
4,302.8 |
3,725.8 |
3,060.0 |
|
|
|
|
|
|
|
|
Bonds |
- |
- |
877.6 |
862.6 |
1,205.4 |
|
LT Borrowings |
3,042.6 |
2,207.3 |
697.5 |
924.1 |
893.7 |
|
Total Long Term Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
|
|
|
|
|
|
|
LT Accounts Pay |
- |
- |
9.4 |
6.6 |
6.6 |
|
Deferred Income Tax, Credit |
- |
- |
217.2 |
203.0 |
26.2 |
|
Other LT Liabs. |
- |
- |
2.4 |
1.1 |
7.6 |
|
LT Dep Withhld |
- |
- |
22.6 |
64.6 |
98.4 |
|
Retire Reserve |
45.9 |
47.8 |
167.0 |
139.3 |
56.3 |
|
Reserve-Equity Method Loss |
- |
- |
- |
0.4 |
- |
|
Rsrv-Constrctn L |
- |
- |
22.5 |
16.6 |
11.0 |
|
Reserve-Sales Guarantee |
- |
- |
0.2 |
0.1 |
0.3 |
|
Reserve-Construction Loss |
- |
- |
13.3 |
- |
- |
|
Deposit-Retirement Insurance |
- |
- |
-113.3 |
-91.6 |
- |
|
Transfer to National Pension Fund |
- |
- |
-0.9 |
-1.2 |
- |
|
Minority Int. |
79.4 |
133.5 |
276.5 |
213.2 |
134.2 |
|
Non-Current Trade & Other Payables |
299.8 |
249.2 |
- |
- |
- |
|
Deferred Income Taxes, Non-Current Liabi |
324.5 |
295.6 |
- |
- |
- |
|
Other Non-current Financial Liabilities |
0.8 |
0.5 |
- |
- |
- |
|
Other Non-Current Liabilities |
10.6 |
39.7 |
- |
- |
- |
|
Total Liabilities |
9,335.4 |
8,232.5 |
6,494.8 |
6,064.5 |
5,499.6 |
|
|
|
|
|
|
|
|
Common Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Cons Capital Sur |
- |
- |
1,004.1 |
933.1 |
1,254.3 |
|
Consolidated Retained Earnings |
- |
- |
509.5 |
213.9 |
223.0 |
|
Capital Change, Equity Method (Loss) |
- |
- |
-4.9 |
-2.7 |
-2.8 |
|
Capital Change, Equity Method |
- |
- |
20.5 |
17.3 |
11.5 |
|
G-Secs for Sale Valuation |
- |
- |
22.8 |
11.5 |
16.5 |
|
Loss-Valu. of Sec. Available for Sale |
- |
- |
-1.0 |
-6.1 |
- |
|
Loss-Valuation of Derivatives |
- |
- |
-6.3 |
-27.7 |
0.2 |
|
Treasury Stock |
- |
- |
-29.4 |
-27.2 |
-36.5 |
|
Overseas Business Translation Credit |
- |
- |
89.8 |
148.4 |
-12.8 |
|
Reserve for Assets Revaluation |
- |
- |
579.6 |
537.2 |
- |
|
Other Capital Adjustment |
- |
- |
-1.5 |
- |
- |
|
Additional Paid in Capital |
113.6 |
115.3 |
- |
- |
- |
|
Retained Earnings or Accumulated Deficit |
1,921.2 |
2,033.1 |
- |
- |
- |
|
Other Capital Items |
303.1 |
311.1 |
- |
- |
- |
|
Total Equity |
2,490.3 |
2,614.2 |
2,334.0 |
1,937.1 |
1,641.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Total Common Shares Outstanding |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
T/S-Common Stock |
1.8 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Deferred Revenue, Current |
- |
- |
237.7 |
205.8 |
134.0 |
|
Full-Time Employees |
- |
7,786 |
7,047 |
6,340 |
5,920 |
|
Number of Common Shareholders |
- |
32,363 |
- |
20,913 |
21,588 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
964.9 |
716.3 |
538.3 |
|
Long Term Debt Maturing within 2 Years |
- |
- |
823.6 |
901.9 |
694.3 |
|
Long Term Debt Maturing within 3 Years |
- |
- |
500.1 |
648.2 |
689.6 |
|
Long Term Debt Maturing within 4 Years |
- |
- |
183.7 |
136.0 |
114.7 |
|
Long Term Debt Maturing within 5 Years |
- |
- |
37.5 |
- |
- |
|
Long Term Debt Remaining Maturities |
- |
- |
33.1 |
103.4 |
603.4 |
|
Total Long Term Debt, Supplemental |
- |
- |
2,542.9 |
2,505.8 |
2,640.2 |
|
Operating Lease Maturing within 1 Year |
- |
- |
5.9 |
3.5 |
0.8 |
|
Operating Lease Maturing within 2 Year |
- |
- |
- |
3.5 |
- |
|
Operating Lease Maturing within 3 Year |
- |
- |
- |
3.5 |
- |
|
Operating Lease Maturing within 4 Year |
- |
- |
- |
1.1 |
- |
|
Operating Lease Maturing within 5Year |
- |
- |
9.6 |
- |
- |
|
Operating Lease-Remaining Maturities |
- |
- |
- |
- |
0.1 |
|
Total Operating Leases |
- |
- |
15.5 |
11.6 |
0.8 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-9.0 |
488.9 |
187.1 |
128.6 |
213.3 |
|
Depreciation |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amort. Intangible |
- |
- |
37.2 |
39.8 |
31.8 |
|
Amortization-Development Cost |
- |
- |
0.0 |
0.3 |
0.8 |
|
Provision-Doubtful Account |
- |
- |
39.3 |
11.3 |
4.1 |
|
Retirement Allowance |
39.4 |
31.6 |
36.1 |
42.1 |
48.3 |
|
Amort. Bond Credit |
- |
- |
3.6 |
1.0 |
1.1 |
|
Loss on Reduction of Goodwill |
- |
- |
- |
0.5 |
- |
|
Loss on AR Disp |
- |
- |
2.3 |
3.9 |
3.9 |
|
Translation Loss |
- |
- |
41.5 |
99.5 |
10.2 |
|
Provision-Construction Loss |
- |
- |
12.1 |
- |
- |
|
Loss Decr. Inv. Asst |
- |
- |
17.8 |
1.2 |
0.0 |
|
Loss-Reduction of Investment Assets |
- |
- |
5.1 |
0.5 |
10.4 |
|
Disp Tang Asst Loss |
- |
- |
2.0 |
3.6 |
6.5 |
|
Loss-Reduction of Tangible Assets |
- |
- |
7.7 |
2.1 |
3.7 |
|
Loss Equity Method |
- |
- |
1.8 |
6.9 |
3.4 |
|
Recovery-Provision Doubtful Account |
- |
- |
- |
-14.2 |
- |
|
Amort-Bad Debt Expenses |
- |
- |
43.5 |
12.0 |
4.4 |
|
L-Derivatives Valuation |
- |
- |
2.4 |
47.0 |
2.0 |
|
Repair Service Fee |
- |
- |
9.4 |
8.6 |
3.5 |
|
Loss-Valuation of Inventory |
- |
- |
0.1 |
0.1 |
0.0 |
|
Loss-Redemption of Bond |
- |
- |
0.2 |
0.8 |
- |
|
Recovery-Negative Goodwill Amortization |
- |
- |
-1.2 |
-5.9 |
- |
|
Translation Gain |
- |
- |
-58.0 |
-62.8 |
-6.1 |
|
Gain Disp of Inv Ast |
- |
- |
-1.1 |
-0.7 |
-14.9 |
|
Gain Disp Tang. Ast |
- |
- |
-4.5 |
-3.0 |
-4.2 |
|
Recovery-Invest. Assets Reduction Loss |
- |
- |
-0.7 |
-0.5 |
0.0 |
|
Equity In Affiliates |
- |
- |
-7.2 |
-3.9 |
-7.9 |
|
Gain-Valuation of Derivatives |
- |
- |
-13.3 |
-10.5 |
-0.8 |
|
Trade Receivables |
-401.2 |
-404.1 |
-317.1 |
-25.8 |
-261.2 |
|
Account Receivables |
-32.3 |
29.6 |
37.6 |
-53.6 |
4.5 |
|
Accrued Income |
- |
- |
-11.8 |
1.2 |
-0.9 |
|
Advanced Payment |
- |
- |
-80.8 |
-18.3 |
-39.6 |
|
Prepaid Expenses |
- |
- |
-21.9 |
-14.5 |
-6.7 |
|
Other Quick Assets |
- |
- |
28.8 |
-39.0 |
-14.1 |
|
Inventory |
-402.8 |
-244.4 |
73.6 |
-307.8 |
23.2 |
|
Other Finance Business Asset |
- |
- |
39.6 |
13.3 |
-210.2 |
|
Deferred Taxes-Assets |
- |
- |
59.7 |
-80.6 |
-0.2 |
|
Trade Payables |
14.8 |
538.6 |
96.8 |
134.1 |
-20.7 |
|
Account Payables |
380.6 |
17.7 |
32.3 |
147.2 |
3.6 |
|
Advances Received |
- |
- |
19.9 |
78.6 |
14.3 |
|
Deposits Withheld |
- |
- |
9.8 |
7.3 |
-5.6 |
|
Accrued Expenses |
- |
- |
-3.7 |
20.5 |
25.5 |
|
Security Deposits Withheld |
- |
- |
3.3 |
-54.0 |
50.1 |
|
Accrued Income Taxes |
- |
- |
9.3 |
-38.4 |
35.6 |
|
Other Currency Liabilities |
- |
- |
-0.3 |
2.3 |
-9.5 |
|
Payment-Retirement Bonus |
-9.7 |
-10.1 |
-21.1 |
-25.8 |
-28.9 |
|
National Pension |
- |
- |
0.4 |
0.2 |
0.3 |
|
Deposits for Retirement Insurance |
- |
- |
-13.0 |
-14.7 |
-22.2 |
|
Rsv-Construction L |
- |
- |
-5.3 |
-8.6 |
-1.0 |
|
Reserve-Sales Loss |
- |
- |
0.1 |
-0.2 |
-0.3 |
|
Other LT Liabilities |
- |
- |
1.0 |
-20.6 |
3.8 |
|
Deferred Taxes-Liab. |
- |
- |
-15.6 |
17.7 |
36.9 |
|
Overseas Business Translation Debit |
-0.4 |
0.1 |
-50.6 |
177.9 |
34.1 |
|
Reserve-Severance & Retirement Benefit |
-0.4 |
-24.2 |
0.1 |
- |
- |
|
Derivatives |
- |
- |
12.0 |
- |
- |
|
Derivatives in Liabilities |
- |
- |
-31.6 |
- |
- |
|
Cash-Tax Paid |
-146.7 |
-76.9 |
- |
- |
- |
|
Cash-Interest Paid |
-230.4 |
-216.6 |
- |
- |
- |
|
Cash-Interest Received |
157.6 |
127.7 |
- |
- |
- |
|
Cash-Dividend Income |
1.6 |
1.4 |
- |
- |
- |
|
Discontinued Operations |
-58.0 |
-119.1 |
- |
- |
- |
|
Interest Income/Expense |
98.1 |
90.2 |
- |
- |
- |
|
Gain/Loss on Foreign Currency Translatio |
60.2 |
0.2 |
- |
- |
- |
|
Gain/Loss on Derivative Assets |
12.8 |
-10.8 |
- |
- |
- |
|
Loss on Sale of Tangible Assets, Intangi |
2.3 |
13.1 |
- |
- |
- |
|
Gain on Sale of Tangible Assets, Intangi |
-3.2 |
-9.8 |
- |
- |
- |
|
Loss on Reduction of Tangible Assets, In |
26.3 |
4.0 |
- |
- |
- |
|
Recovery of Loss on Reduction of Tangibl |
0.0 |
-5.3 |
- |
- |
- |
|
Allowance for Doubtful Accounts&Expenses |
0.2 |
14.4 |
- |
- |
- |
|
Recovery of Allowance for Doubtful Accou |
-3.9 |
-0.2 |
- |
- |
- |
|
Loss on Disposal of Financial Assets |
1.0 |
- |
- |
- |
- |
|
Gain on Disposal of Financial Assets |
-21.3 |
-0.1 |
- |
- |
- |
|
Loss on Reduction of Financial Assets |
125.4 |
0.0 |
- |
- |
- |
|
Loss on Valuation of Financial Assets |
6.5 |
- |
- |
- |
- |
|
Dividend Income |
-1.6 |
-1.4 |
- |
- |
- |
|
Provisions |
5.4 |
2.9 |
- |
- |
- |
|
Loss on Disposal of Trade Receivables |
2.1 |
2.4 |
- |
- |
- |
|
Gain/Loss under Equity Method |
-43.5 |
-18.0 |
- |
- |
- |
|
Other Non-Cash Items |
1.8 |
13.9 |
- |
- |
- |
|
Unbilled Constructions |
-2.6 |
3.8 |
- |
- |
- |
|
Other Financial Assets |
17.7 |
13.5 |
- |
- |
- |
|
Other Assets |
-40.6 |
60.9 |
- |
- |
- |
|
Increase-Financial Assets |
-308.0 |
-534.7 |
- |
- |
- |
|
Other Financial Liabilities |
-5.5 |
-9.9 |
- |
- |
- |
|
Payment for Defect Repair Expense |
-7.2 |
-3.3 |
- |
- |
- |
|
Payment of Plan Assets |
-37.9 |
-12.6 |
- |
- |
- |
|
Other Operating Assets & Liabilities |
-54.1 |
-3.0 |
- |
- |
- |
|
Adjustment for Cash Flow from Operating |
0.0 |
0.0 |
- |
- |
- |
|
Cash from Operating Activities |
-493.9 |
94.4 |
484.0 |
503.6 |
257.3 |
|
|
|
|
|
|
|
|
Decrease-ST Financial Assets |
- |
- |
129.1 |
137.3 |
- |
|
Decrease-LT Financial Assets |
- |
- |
9.9 |
0.5 |
- |
|
Decrease-ST Loans |
- |
- |
122.4 |
204.8 |
- |
|
Decrease in LT Loans |
- |
- |
0.5 |
1.3 |
0.5 |
|
Dec-Guarantee Dep |
- |
- |
45.8 |
14.4 |
25.3 |
|
Dec-Secs for Sale |
- |
- |
5.6 |
31.7 |
40.8 |
|
Disposal-Securities Held to Maturities |
- |
- |
5.6 |
0.0 |
- |
|
Disposal of Land |
- |
- |
6.5 |
9.8 |
11.2 |
|
Disposal of Building |
- |
- |
6.1 |
8.7 |
16.7 |
|
Disposal Structure |
- |
- |
0.7 |
- |
0.0 |
|
Disposal Mach./Equip |
- |
- |
8.0 |
6.6 |
8.4 |
|
Disposal Trans Equip |
- |
- |
1.2 |
1.0 |
0.7 |
|
Disp Tools/Supplies |
- |
- |
2.5 |
1.0 |
0.2 |
|
Disposal-Securities under Equity Method |
- |
- |
0.7 |
1.0 |
- |
|
Decrease-Other Investment Assets |
- |
- |
36.8 |
0.8 |
7.2 |
|
Disposal-Construction in Progress |
- |
- |
0.8 |
- |
- |
|
Inc-ST Finl Assets |
- |
- |
-162.7 |
-87.6 |
-34.5 |
|
Inc-LT Finl Assets |
- |
- |
-13.2 |
-17.0 |
-5.0 |
|
Increase in ST Loans |
- |
- |
-180.6 |
-158.3 |
-10.7 |
|
Increase in LT Loans |
- |
- |
-7.8 |
-2.6 |
-1.6 |
|
Inc in Guarant Depos |
- |
- |
-41.5 |
-55.8 |
-29.8 |
|
Acq-Secs for Sale |
- |
- |
-17.4 |
-60.9 |
-10.9 |
|
Acq-Affiliates Stock |
- |
- |
-10.3 |
-7.0 |
-14.6 |
|
Increase-Securities Held to Maturities |
- |
- |
0.0 |
-42.9 |
- |
|
Increase-Other Investment Assets |
- |
- |
- |
-5.1 |
- |
|
Acquisition of Land |
- |
- |
-12.6 |
-16.5 |
-21.3 |
|
Acquis. of Building |
- |
- |
-36.1 |
-137.0 |
-23.1 |
|
Purch. of Structure |
- |
- |
-4.4 |
-8.5 |
-2.7 |
|
Purch. of Mach/Equip |
- |
- |
-113.7 |
-258.4 |
-134.7 |
|
Acq. of Trans Equip |
- |
- |
-3.2 |
-4.1 |
-3.3 |
|
Acq. in Tools/Suppl. |
- |
- |
-31.9 |
-33.7 |
-17.7 |
|
Inc. Const. In Prog |
- |
- |
-174.6 |
-342.3 |
-144.9 |
|
Inc-Equip.in Transit |
- |
- |
-9.2 |
-10.0 |
-30.8 |
|
Inc-Goodwill |
- |
- |
- |
- |
-27.9 |
|
Inc Industrial Right |
- |
- |
-1.4 |
-2.5 |
-1.8 |
|
Inc Facility Use Rgt |
- |
- |
- |
- |
-1.0 |
|
Acq-Other Intangible |
- |
- |
-12.0 |
-13.0 |
-9.9 |
|
Decreas in Other Receivables |
0.3 |
1.4 |
- |
- |
- |
|
Disposal of Other Financial Instruments |
140.5 |
97.5 |
- |
- |
- |
|
Disposal of Other Non-Current Financial |
0.1 |
0.0 |
- |
- |
- |
|
Decreas in LT Other Receivables |
26.2 |
201.4 |
- |
- |
- |
|
Disposal of Property, Plant and Equipmen |
21.2 |
31.0 |
- |
- |
- |
|
Disposal of Investment Properties |
0.1 |
37.5 |
- |
- |
- |
|
Disposal of Intangible Assets |
4.5 |
2.1 |
- |
- |
- |
|
Disposal of Investment Securities in Aff |
2.2 |
0.8 |
- |
- |
- |
|
Disposal of Other Non-CurrentAssets |
0.0 |
- |
- |
- |
- |
|
Increase in Other Receivables |
-83.3 |
-47.1 |
- |
- |
- |
|
Purchase of Other Financial Instruments |
-82.9 |
-56.6 |
- |
- |
- |
|
Purchase of Other Non-Current FinancialA |
-18.1 |
-34.9 |
- |
- |
- |
|
Increase in LT Other Receivables |
-72.1 |
-110.2 |
- |
- |
- |
|
Purchase of Property, Plant and Equipmen |
-962.7 |
-525.1 |
- |
- |
- |
|
Purchase of Investment Properties |
-2.1 |
-7.0 |
- |
- |
- |
|
Purchase of Intangible Assets |
-49.1 |
-33.4 |
- |
- |
- |
|
Purchase of Securies in Affiliates&Subsi |
-120.5 |
2.2 |
- |
- |
- |
|
Purchase of Other Non-CurrentAssets |
-9.8 |
-2.2 |
- |
- |
- |
|
Others |
-4.3 |
66.6 |
- |
- |
- |
|
Discontinued Business |
12.1 |
53.4 |
- |
- |
- |
|
Cash from Investing Activities |
-1,197.8 |
-322.5 |
-450.3 |
-844.3 |
-415.3 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
4,794.0 |
4,233.7 |
5,105.4 |
7,617.3 |
5,407.7 |
|
Inc in LT Borrowings |
- |
- |
168.3 |
465.2 |
320.0 |
|
Increase in Bonds |
- |
- |
527.2 |
746.3 |
461.9 |
|
Capital Increase |
8.2 |
0.4 |
105.9 |
- |
- |
|
Inc-Current Portion of LT Liabilities |
- |
- |
3.9 |
- |
- |
|
Issuance Common Stk |
- |
- |
- |
- |
2.3 |
|
Repay Curr LT Liabs |
- |
- |
-689.5 |
-472.9 |
-631.5 |
|
Repay ST Borrowings |
-4,692.1 |
-4,272.9 |
-5,189.1 |
-7,523.4 |
-5,468.8 |
|
Decrease-LT Borrowings |
- |
- |
-135.1 |
-37.6 |
- |
|
Redemption-Bond |
- |
- |
-7.8 |
-253.5 |
- |
|
Dividends Paid |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Inc due to Con Scope |
- |
- |
73.1 |
75.2 |
34.3 |
|
Increase in LT Borrowings&Bonds |
1,833.1 |
1,281.4 |
- |
- |
- |
|
Decrease in Investment in Subsidiaries |
9.7 |
- |
- |
- |
- |
|
Decrease in LT Borrowings&Bonds |
-417.7 |
-741.7 |
- |
- |
- |
|
Others |
72.4 |
-27.6 |
- |
- |
- |
|
Cash Flow from Discontinued Business, Fi |
48.7 |
-40.3 |
- |
- |
- |
|
Cash Outflow from Discontinued Operation |
-13.0 |
- |
- |
- |
- |
|
Cash from Financing Activities |
1,605.1 |
403.4 |
-57.9 |
593.2 |
108.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-1.0 |
- |
- |
- |
|
Net Change in Cash |
-86.7 |
174.2 |
-24.2 |
252.5 |
-49.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
562.0 |
364.3 |
375.6 |
183.1 |
266.6 |
|
Net Cash - Ending Balance |
475.3 |
538.5 |
351.4 |
435.6 |
216.8 |
|
Cash Interest Paid |
230.4 |
216.6 |
- |
- |
- |
|
Cash Taxes Paid |
146.7 |
76.9 |
- |
- |
- |
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-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Total Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Cost of Revenue, Total |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Gross Profit |
997.4 |
1,296.5 |
1,305.4 |
1,243.7 |
1,195.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
363.0 |
334.0 |
496.3 |
470.7 |
405.2 |
|
Labor & Related Expense |
233.8 |
197.2 |
174.8 |
174.7 |
164.1 |
|
Advertising Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Total Selling/General/Administrative Expenses |
615.9 |
548.3 |
684.7 |
660.5 |
587.4 |
|
Research & Development |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Depreciation |
10.5 |
8.9 |
9.8 |
14.2 |
13.7 |
|
Amortization of Intangibles |
4.3 |
3.1 |
34.4 |
39.0 |
31.4 |
|
Depreciation/Amortization |
14.9 |
12.0 |
44.2 |
53.2 |
45.1 |
|
Investment Income -
Operating |
-1.0 |
-17.1 |
- |
- |
- |
|
Interest/Investment Income - Operating |
-1.0 |
-17.1 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
-1.0 |
-17.1 |
- |
- |
- |
|
Impairment-Assets Held for Use |
26.3 |
-1.3 |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
1.5 |
2.8 |
- |
- |
- |
|
Unusual Expense (Income) |
27.8 |
1.5 |
- |
- |
- |
|
Other Operating Expense |
30.9 |
52.0 |
- |
- |
- |
|
Other, Net |
-70.4 |
-50.0 |
- |
- |
- |
|
Other Operating Expenses, Total |
-39.5 |
2.0 |
- |
- |
- |
|
Total Operating Expense |
9,976.9 |
8,122.8 |
7,345.2 |
8,283.3 |
7,191.9 |
|
|
|
|
|
|
|
|
Operating Income |
260.7 |
652.3 |
496.6 |
439.6 |
482.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
Interest Expense, Net Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
Interest Income -
Non-Operating |
17.3 |
6.0 |
25.5 |
21.9 |
15.0 |
|
Investment Income -
Non-Operating |
-97.3 |
-2.9 |
3.3 |
-219.4 |
15.4 |
|
Interest/Investment Income - Non-Operating |
-80.0 |
3.1 |
28.8 |
-197.6 |
30.5 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-269.7 |
-163.4 |
-144.0 |
-367.2 |
-105.7 |
|
Gain (Loss) on Sale of Assets |
- |
- |
0.2 |
-4.5 |
-10.0 |
|
Other Non-Operating Income (Expense) |
- |
- |
-69.5 |
12.5 |
-45.4 |
|
Other, Net |
- |
- |
-69.5 |
12.5 |
-45.4 |
|
Income Before Tax |
-9.0 |
488.9 |
283.3 |
80.4 |
321.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
40.3 |
139.8 |
96.3 |
-48.2 |
96.7 |
|
Income After Tax |
-49.3 |
349.2 |
187.1 |
128.6 |
224.5 |
|
|
|
|
|
|
|
|
Minority Interest |
44.1 |
59.4 |
66.3 |
-21.0 |
-34.5 |
|
Equity In Affiliates |
- |
- |
- |
- |
-11.2 |
|
Net Income Before Extraord Items |
-5.3 |
408.5 |
253.4 |
107.7 |
178.8 |
|
Discontinued Operations |
-35.3 |
-144.1 |
- |
- |
- |
|
Total Extraord Items |
-35.3 |
-144.1 |
- |
- |
- |
|
Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-5.3 |
408.5 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Basic EPS Excl Extraord Items |
-0.16 |
12.28 |
7.62 |
3.24 |
5.38 |
|
Basic/Primary EPS Incl Extraord Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
Diluted Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Diluted EPS Excl Extraord Items |
-0.16 |
12.28 |
7.62 |
3.24 |
5.38 |
|
Diluted EPS Incl Extraord Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dividends per Share - Common Stock Primary Issue |
0.90 |
1.08 |
0.78 |
0.68 |
0.81 |
|
Gross Dividends - Common Stock |
30.0 |
36.0 |
26.1 |
22.7 |
26.9 |
|
Interest Expense, Supplemental |
189.7 |
166.5 |
172.8 |
169.6 |
136.2 |
|
Depreciation, Supplemental |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Total Special Items |
27.8 |
1.5 |
-0.2 |
4.5 |
-13.5 |
|
Normalized Income Before Tax |
18.8 |
490.4 |
283.2 |
84.9 |
307.7 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
9.7 |
0.4 |
-0.1 |
1.6 |
3.0 |
|
Inc Tax Ex Impact of Sp Items |
50.1 |
140.2 |
96.2 |
-46.6 |
99.7 |
|
Normalized Income After Tax |
-31.3 |
350.2 |
186.9 |
131.5 |
208.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.8 |
409.6 |
253.3 |
110.6 |
162.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.38 |
12.31 |
7.61 |
3.32 |
4.88 |
|
Diluted Normalized EPS |
0.38 |
12.31 |
7.61 |
3.32 |
4.88 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
- |
-23.5 |
|
Amort of Intangibles, Supplemental |
9.6 |
9.1 |
37.3 |
40.1 |
31.8 |
|
Rental Expenses |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
Advertising Expense, Supplemental |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Research & Development Exp, Supplemental |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Normalized EBIT |
287.5 |
636.8 |
496.6 |
439.6 |
482.2 |
|
Normalized EBITDA |
669.6 |
989.8 |
803.3 |
776.7 |
823.6 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
|
Period Length |
3 Months |
3 Months |
6 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Special |
Restated
Calculated |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1145.271505 |
1082.999462 |
1101.856011 |
1120.28956 |
1132.465591 |
|
|
|
|
|
|
|
|
Net Sales |
2,819.2 |
2,468.5 |
4,937.1 |
2,402.3 |
2,426.1 |
|
Revenue |
2,819.2 |
2,468.5 |
4,937.1 |
2,402.3 |
2,426.1 |
|
Total Revenue |
2,819.2 |
2,468.5 |
4,937.1 |
2,402.3 |
2,426.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
2,598.0 |
2,265.5 |
4,363.6 |
2,112.8 |
2,089.3 |
|
Cost of Revenue, Total |
2,598.0 |
2,265.5 |
4,363.6 |
2,112.8 |
2,089.3 |
|
Gross Profit |
221.2 |
203.0 |
573.5 |
289.5 |
336.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
181.1 |
142.1 |
306.4 |
154.3 |
167.0 |
|
Total Selling/General/Administrative Expenses |
181.1 |
142.1 |
306.4 |
154.3 |
167.0 |
|
Research & Development |
37.0 |
28.5 |
52.8 |
24.3 |
30.8 |
|
Other Operating Expense |
-2.1 |
90.4 |
11.8 |
24.8 |
46.1 |
|
Other, Net |
-36.4 |
-27.0 |
-46.8 |
-31.2 |
-30.2 |
|
Other Operating Expenses, Total |
-38.6 |
63.4 |
-35.0 |
-6.4 |
15.9 |
|
Total Operating Expense |
2,777.6 |
2,499.5 |
4,687.8 |
2,285.0 |
2,303.0 |
|
|
|
|
|
|
|
|
Operating Income |
41.6 |
-31.0 |
249.3 |
117.3 |
123.1 |
|
|
|
|
|
|
|
|
Investment Income -
Non-Operating |
-110.6 |
-102.5 |
-55.5 |
-39.6 |
-34.0 |
|
Interest/Investment Income - Non-Operating |
-110.6 |
-102.5 |
-55.5 |
-39.6 |
-34.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-110.6 |
-102.5 |
-55.5 |
-39.6 |
-34.0 |
|
Income Before Tax |
-68.9 |
-133.5 |
193.8 |
77.7 |
89.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
4.4 |
-32.5 |
67.9 |
17.7 |
25.6 |
|
Income After Tax |
-73.3 |
-101.1 |
125.9 |
60.0 |
63.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
4.3 |
40.5 |
- |
59.2 |
|
Net Income Before Extraord Items |
-73.7 |
-96.7 |
166.4 |
60.0 |
122.8 |
|
Discontinued Operations |
-1.7 |
0.0 |
-33.8 |
-83.4 |
-134.8 |
|
Total Extraord Items |
-1.7 |
0.0 |
-33.8 |
-83.4 |
-134.8 |
|
Net Income |
-75.4 |
-96.7 |
132.5 |
-23.4 |
-12.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-73.7 |
-96.7 |
166.4 |
60.0 |
122.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-75.4 |
-96.7 |
132.5 |
-23.4 |
-12.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Basic EPS Excl Extraord Items |
-2.22 |
-2.91 |
5.00 |
1.80 |
3.69 |
|
Basic/Primary EPS Incl Extraord Items |
-2.27 |
-2.91 |
3.98 |
-0.70 |
-0.36 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Diluted Net Income |
-75.4 |
-96.7 |
132.5 |
-23.4 |
-12.0 |
|
Diluted Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Diluted EPS Excl Extraord Items |
-2.22 |
-2.91 |
5.00 |
1.80 |
3.69 |
|
Diluted EPS Incl Extraord Items |
-2.27 |
-2.91 |
3.98 |
-0.70 |
-0.36 |
|
Dividends per Share - Common Stock Primary Issue |
0.87 |
0.00 |
0.00 |
0.00 |
1.10 |
|
Gross Dividends - Common Stock |
29.0 |
0.0 |
0.0 |
0.0 |
36.7 |
|
Interest Expense, Supplemental |
49.2 |
51.1 |
89.3 |
46.2 |
41.1 |
|
Depreciation, Supplemental |
68.5 |
109.9 |
195.4 |
99.6 |
69.3 |
|
Normalized Income Before Tax |
-68.9 |
-133.5 |
193.8 |
77.7 |
89.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.4 |
-32.5 |
67.9 |
17.7 |
25.6 |
|
Normalized Income After Tax |
-73.3 |
-101.1 |
125.9 |
60.0 |
63.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-73.7 |
-96.7 |
166.4 |
60.0 |
122.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-2.22 |
-2.91 |
5.00 |
1.80 |
3.69 |
|
Diluted Normalized EPS |
-2.22 |
-2.91 |
5.00 |
1.80 |
3.69 |
|
Rental Expenses |
- |
5.6 |
10.2 |
5.0 |
- |
|
Advertising Expense, Supplemental |
- |
5.0 |
8.8 |
3.3 |
- |
|
Research & Development Exp, Supplemental |
37.0 |
28.5 |
80.8 |
24.3 |
30.8 |
|
Normalized EBIT |
41.6 |
-31.0 |
249.3 |
117.3 |
123.1 |
|
Normalized EBITDA |
110.2 |
79.0 |
444.7 |
216.9 |
192.4 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
457.1 |
548.6 |
385.1 |
380.6 |
215.3 |
|
Short Term Investments |
21.5 |
51.4 |
52.3 |
13.2 |
68.8 |
|
Cash and Short Term Investments |
478.6 |
600.0 |
437.4 |
393.8 |
284.1 |
|
Accounts Receivable -
Trade, Gross |
- |
- |
1,471.8 |
1,058.9 |
882.7 |
|
Provision for Doubtful
Accounts |
- |
- |
-57.5 |
-19.5 |
-20.9 |
|
Trade Accounts Receivable - Net |
2,179.6 |
2,496.8 |
1,435.8 |
1,056.5 |
875.0 |
|
Other Receivables |
- |
- |
289.8 |
276.9 |
45.4 |
|
Total Receivables, Net |
2,179.6 |
2,496.8 |
1,725.6 |
1,333.4 |
920.4 |
|
Inventories - Finished Goods |
- |
- |
334.6 |
429.6 |
316.5 |
|
Inventories - Work In Progress |
- |
- |
145.4 |
169.0 |
183.2 |
|
Inventories - Raw Materials |
- |
- |
306.2 |
271.6 |
272.9 |
|
Inventories - Other |
- |
- |
208.7 |
113.1 |
124.1 |
|
Total Inventory |
1,593.6 |
1,252.6 |
994.9 |
983.3 |
896.7 |
|
Prepaid Expenses |
12.6 |
6.9 |
24.4 |
24.7 |
17.3 |
|
Deferred Income Tax - Current Asset |
- |
- |
20.9 |
80.3 |
16.5 |
|
Other Current Assets |
177.2 |
154.7 |
160.4 |
99.9 |
28.4 |
|
Other Current Assets, Total |
177.2 |
154.7 |
181.3 |
180.3 |
45.0 |
|
Total Current Assets |
4,441.5 |
4,511.0 |
3,363.6 |
2,915.4 |
2,163.5 |
|
|
|
|
|
|
|
|
Buildings |
- |
- |
1,022.8 |
902.7 |
1,081.9 |
|
Land/Improvements |
- |
- |
1,404.0 |
1,289.9 |
795.3 |
|
Machinery/Equipment |
- |
- |
3,853.5 |
3,439.4 |
3,778.6 |
|
Construction in
Progress |
- |
- |
300.6 |
226.4 |
260.9 |
|
Natural Resources |
- |
- |
0.8 |
0.8 |
1.4 |
|
Property/Plant/Equipment - Gross |
- |
- |
6,581.7 |
5,859.1 |
5,918.2 |
|
Accumulated Depreciation |
- |
- |
-2,818.6 |
-2,392.2 |
-2,873.7 |
|
Property/Plant/Equipment - Net |
4,279.4 |
3,704.2 |
3,763.1 |
3,467.0 |
3,044.5 |
|
Goodwill, Net |
- |
- |
64.1 |
85.5 |
171.4 |
|
Intangibles, Net |
391.3 |
231.0 |
53.7 |
47.8 |
39.1 |
|
LT Investment - Affiliate Companies |
224.8 |
169.3 |
85.5 |
65.4 |
82.9 |
|
LT Investments - Other |
2,251.4 |
2,057.3 |
1,352.1 |
1,303.1 |
1,549.1 |
|
Long Term Investments |
2,476.2 |
2,226.6 |
1,437.6 |
1,368.5 |
1,632.0 |
|
Note Receivable - Long Term |
182.7 |
143.9 |
0.3 |
0.3 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
29.6 |
19.7 |
9.0 |
7.8 |
1.3 |
|
Other Long Term Assets |
24.9 |
10.4 |
137.4 |
109.3 |
88.6 |
|
Other Long Term Assets, Total |
54.5 |
30.1 |
146.4 |
117.1 |
90.0 |
|
Total Assets |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,618.6 |
1,835.8 |
1,173.2 |
977.1 |
733.1 |
|
Accrued Expenses |
- |
- |
70.4 |
69.0 |
54.8 |
|
Notes Payable/Short Term Debt |
3,521.5 |
3,055.8 |
1,385.5 |
1,387.4 |
1,191.4 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
964.9 |
716.3 |
538.3 |
|
Customer Advances |
- |
- |
237.7 |
205.8 |
134.0 |
|
Security Deposits |
- |
- |
139.8 |
82.3 |
160.4 |
|
Income Taxes Payable |
16.0 |
92.7 |
26.1 |
14.7 |
61.9 |
|
Other Payables |
- |
- |
229.1 |
178.2 |
157.5 |
|
Deferred Income Tax - Current Liability |
- |
- |
0.0 |
0.0 |
0.1 |
|
Other Current Liabilities |
375.6 |
274.8 |
76.1 |
95.1 |
28.5 |
|
Other Current liabilities, Total |
391.6 |
367.4 |
708.8 |
576.0 |
542.4 |
|
Total Current Liabilities |
5,531.7 |
5,258.9 |
4,302.8 |
3,725.8 |
3,060.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
Total Long Term Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
Total Debt |
6,564.2 |
5,263.0 |
3,925.5 |
3,890.4 |
3,828.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
324.5 |
295.6 |
- |
- |
- |
|
Deferred Income Tax |
324.5 |
295.6 |
- |
- |
- |
|
Minority Interest |
79.4 |
133.5 |
276.5 |
213.2 |
134.2 |
|
Reserves |
- |
- |
36.0 |
17.1 |
11.3 |
|
Pension Benefits - Underfunded |
45.9 |
47.8 |
52.8 |
46.5 |
56.3 |
|
Other Long Term Liabilities |
311.2 |
289.4 |
251.6 |
275.3 |
138.8 |
|
Other Liabilities, Total |
357.1 |
337.2 |
340.4 |
338.9 |
206.4 |
|
Total Liabilities |
9,335.4 |
8,232.5 |
6,494.8 |
6,064.5 |
5,499.6 |
|
|
|
|
|
|
|
|
Common Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Common Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Additional Paid-In Capital |
113.6 |
115.3 |
1,004.1 |
933.1 |
1,254.3 |
|
Retained Earnings (Accumulated Deficit) |
1,921.2 |
2,033.1 |
509.5 |
213.9 |
223.0 |
|
Treasury Stock - Common |
- |
- |
-29.4 |
-27.2 |
-36.5 |
|
Unrealized Gain (Loss) |
- |
- |
610.7 |
529.5 |
25.4 |
|
Translation Adjustment |
- |
- |
89.8 |
148.4 |
-12.8 |
|
Other Equity |
303.1 |
311.1 |
-1.5 |
- |
- |
|
Other Equity, Total |
303.1 |
311.1 |
88.4 |
148.4 |
-12.8 |
|
Total Equity |
2,490.3 |
2,614.2 |
2,334.0 |
1,937.1 |
1,641.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Total Common Shares Outstanding |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Treasury Shares - Common Stock Primary Issue |
1.8 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Employees |
- |
7,786 |
7,047 |
6,340 |
5,920 |
|
Number of Common Shareholders |
- |
32,363 |
- |
20,913 |
21,588 |
|
Deferred Revenue - Current |
- |
- |
237.7 |
205.8 |
134.0 |
|
Total Long Term Debt, Supplemental |
- |
- |
2,542.9 |
2,505.8 |
2,640.2 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
964.9 |
716.3 |
538.3 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
823.6 |
901.9 |
694.3 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
500.1 |
648.2 |
689.6 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
183.7 |
136.0 |
114.7 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
37.5 |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
1,323.7 |
1,550.1 |
1,383.9 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
221.3 |
136.0 |
114.7 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
33.1 |
103.4 |
603.4 |
|
Total Operating Leases, Supplemental |
- |
- |
15.5 |
11.6 |
0.8 |
|
Operating Lease Payments Due in Year 1 |
- |
- |
5.9 |
3.5 |
0.8 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
2.4 |
3.5 |
- |
|
Operating Lease Payments Due in Year 3 |
- |
- |
2.4 |
3.5 |
- |
|
Operating Lease Payments Due in Year 4 |
- |
- |
2.4 |
1.1 |
- |
|
Operating Lease Payments Due in Year 5 |
- |
- |
2.4 |
- |
- |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
4.8 |
7.0 |
- |
|
Operating Lease Pymts. Due in 4-5 Years |
- |
- |
4.8 |
1.1 |
- |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
0.0 |
0.0 |
0.1 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1178.05 |
1067.65 |
1096.95 |
|
|
|
|
|
|
|
Cash & Equivalents |
457.1 |
578.6 |
610.1 |
820.6 |
|
Short Term Investments |
21.5 |
25.7 |
- |
211.0 |
|
Cash and Short Term Investments |
478.6 |
604.3 |
610.1 |
1,031.6 |
|
Accounts Receivable -
Trade, Gross |
- |
1,735.1 |
1,670.7 |
- |
|
Provision for Doubtful
Accounts |
- |
-21.4 |
-26.0 |
- |
|
Trade Accounts Receivable - Net |
2,179.6 |
1,826.1 |
1,749.1 |
2,400.0 |
|
Other Receivables |
- |
213.5 |
184.2 |
- |
|
Total Receivables, Net |
2,179.6 |
2,039.5 |
1,933.3 |
2,400.0 |
|
Inventories - Finished Goods |
- |
685.6 |
565.6 |
- |
|
Inventories - Work In Progress |
- |
417.8 |
371.0 |
- |
|
Inventories - Raw Materials |
- |
438.3 |
482.4 |
- |
|
Inventories - Other |
- |
270.2 |
249.5 |
- |
|
Total Inventory |
1,593.6 |
1,811.9 |
1,668.4 |
1,452.1 |
|
Prepaid Expenses |
12.6 |
69.0 |
40.8 |
9.2 |
|
Other Current Assets |
177.2 |
2.9 |
63.5 |
52.0 |
|
Other Current Assets, Total |
177.2 |
2.9 |
63.5 |
52.0 |
|
Total Current Assets |
4,441.5 |
4,527.6 |
4,316.1 |
4,944.9 |
|
|
|
|
|
|
|
Buildings |
- |
1,055.0 |
1,116.0 |
- |
|
Land/Improvements |
- |
1,213.1 |
1,335.0 |
- |
|
Machinery/Equipment |
- |
4,399.8 |
4,644.7 |
- |
|
Construction in
Progress |
- |
434.5 |
336.6 |
- |
|
Other
Property/Plant/Equipment |
- |
64.5 |
69.1 |
- |
|
Property/Plant/Equipment - Gross |
- |
7,166.8 |
7,501.4 |
- |
|
Accumulated Depreciation |
- |
-3,218.0 |
-3,406.1 |
- |
|
Property/Plant/Equipment - Net |
4,279.4 |
3,948.7 |
4,095.3 |
3,854.1 |
|
Goodwill, Net |
- |
74.4 |
82.1 |
- |
|
Intangibles, Net |
391.3 |
119.2 |
102.9 |
181.9 |
|
LT Investment - Affiliate Companies |
224.8 |
212.6 |
213.9 |
185.6 |
|
LT Investments - Other |
2,251.4 |
2,305.2 |
2,494.4 |
2,220.2 |
|
Long Term Investments |
2,476.2 |
2,517.7 |
2,708.3 |
2,405.8 |
|
Note Receivable - Long Term |
182.7 |
15.3 |
167.7 |
163.3 |
|
Deferred Income Tax - Long Term Asset |
29.6 |
17.9 |
20.6 |
24.4 |
|
Other Long Term Assets |
24.9 |
160.9 |
19.5 |
21.3 |
|
Other Long Term Assets, Total |
54.5 |
178.9 |
40.1 |
45.7 |
|
Total Assets |
11,825.7 |
11,381.9 |
11,512.5 |
11,595.5 |
|
|
|
|
|
|
|
Accounts Payable |
1,618.6 |
1,190.4 |
1,182.0 |
2,120.0 |
|
Accrued Expenses |
- |
67.7 |
68.5 |
- |
|
Notes Payable/Short Term Debt |
3,521.5 |
2,419.5 |
3,395.3 |
3,437.1 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
1,116.7 |
- |
- |
|
Customer Advances |
- |
368.6 |
- |
- |
|
Security Deposits |
- |
262.1 |
276.4 |
- |
|
Income Taxes Payable |
16.0 |
1.9 |
57.7 |
74.1 |
|
Other Payables |
- |
266.8 |
236.3 |
- |
|
Other Current Liabilities |
375.6 |
107.1 |
397.0 |
362.4 |
|
Other Current liabilities, Total |
391.6 |
1,006.5 |
967.4 |
436.5 |
|
Total Current Liabilities |
5,531.7 |
5,800.7 |
5,613.3 |
5,993.6 |
|
|
|
|
|
|
|
Long Term Debt |
3,042.6 |
2,596.7 |
2,512.9 |
2,392.8 |
|
Total Long Term Debt |
3,042.6 |
2,596.7 |
2,512.9 |
2,392.8 |
|
Total Debt |
6,564.2 |
6,132.9 |
5,908.2 |
5,829.8 |
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
324.5 |
274.1 |
319.8 |
277.5 |
|
Deferred Income Tax |
324.5 |
274.1 |
319.8 |
277.5 |
|
Minority Interest |
79.4 |
75.7 |
83.4 |
102.7 |
|
Reserves |
- |
10.7 |
- |
- |
|
Pension Benefits - Underfunded |
45.9 |
57.3 |
54.8 |
57.7 |
|
Other Long Term Liabilities |
311.2 |
35.0 |
51.0 |
80.0 |
|
Other Liabilities, Total |
357.1 |
102.9 |
105.8 |
137.7 |
|
Total Liabilities |
9,335.4 |
8,850.2 |
8,635.2 |
8,904.4 |
|
|
|
|
|
|
|
Common Stock |
152.4 |
149.0 |
164.5 |
160.1 |
|
Common Stock |
152.4 |
149.0 |
164.5 |
160.1 |
|
Additional Paid-In Capital |
113.6 |
111.1 |
122.5 |
119.3 |
|
Retained Earnings (Accumulated Deficit) |
1,921.2 |
1,979.1 |
2,284.0 |
2,106.2 |
|
Other Equity |
303.1 |
292.5 |
306.3 |
305.7 |
|
Other Equity, Total |
303.1 |
292.5 |
306.3 |
305.7 |
|
Total Equity |
2,490.3 |
2,531.8 |
2,877.3 |
2,691.2 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
11,825.7 |
11,381.9 |
11,512.5 |
11,595.5 |
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
33.3 |
33.3 |
33.3 |
33.3 |
|
Total Common Shares Outstanding |
33.3 |
33.3 |
33.3 |
33.3 |
|
Treasury Shares - Common Stock Primary Issue |
1.8 |
1.8 |
1.8 |
1.8 |
|
Employees |
- |
7,631 |
7,652 |
7,672 |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
- |
45.5 |
|
Deferred Revenue - Current |
- |
368.6 |
- |
- |
|
Total Long Term Debt, Supplemental |
- |
3,718.0 |
- |
3,474.7 |
|
Long Term Debt Maturing within 1 Year |
- |
1,116.7 |
- |
1,076.7 |
|
Long Term Debt Maturing in Year 2 |
- |
973.7 |
- |
880.7 |
|
Long Term Debt Maturing in Year 3 |
- |
511.7 |
- |
479.9 |
|
Long Term Debt Maturing in Year 4 |
- |
511.7 |
- |
479.9 |
|
Long Term Debt Maturing in Year 5 |
- |
511.7 |
- |
479.9 |
|
Long Term Debt Maturing in 2-3 Years |
- |
1,485.4 |
- |
1,360.6 |
|
Long Term Debt Maturing in 4-5 Years |
- |
1,023.4 |
- |
959.8 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
92.5 |
- |
77.5 |
Annual Cash Flows
Standardized
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-9.0 |
488.9 |
187.1 |
128.6 |
213.3 |
|
Depreciation |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Depreciation/Depletion |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amortization of Intangibles |
- |
- |
37.3 |
40.1 |
32.6 |
|
Amortization |
- |
- |
37.3 |
40.1 |
32.6 |
|
Deferred Taxes |
- |
- |
44.1 |
-62.9 |
36.7 |
|
Discontinued Operations |
-58.0 |
-119.1 |
- |
- |
- |
|
Unusual Items |
139.1 |
4.3 |
29.4 |
8.1 |
5.5 |
|
Equity in Net Earnings (Loss) |
-43.5 |
-18.0 |
-5.4 |
3.0 |
-4.5 |
|
Other Non-Cash Items |
174.6 |
128.1 |
115.0 |
128.6 |
66.8 |
|
Non-Cash Items |
212.2 |
-4.6 |
139.0 |
139.6 |
67.8 |
|
Accounts Receivable |
-436.2 |
-370.8 |
-291.3 |
-78.2 |
-257.6 |
|
Inventories |
-402.8 |
-244.4 |
-7.2 |
-326.1 |
-16.4 |
|
Prepaid Expenses |
- |
- |
17.7 |
-1.3 |
-216.9 |
|
Other Assets |
-330.9 |
-460.3 |
40.8 |
-39.0 |
-14.1 |
|
Accounts Payable |
395.4 |
556.4 |
129.1 |
281.3 |
-17.1 |
|
Accrued Expenses |
- |
- |
-3.7 |
20.5 |
25.5 |
|
Taxes Payable |
- |
- |
9.3 |
-38.4 |
35.6 |
|
Other Liabilities |
-22.9 |
-47.6 |
-36.7 |
-35.5 |
0.9 |
|
Other Assets & Liabilities, Net |
-54.1 |
-3.0 |
- |
- |
- |
|
Other Operating Cash Flow |
-218.2 |
-164.3 |
-50.6 |
177.9 |
34.1 |
|
Changes in Working Capital |
-1,069.7 |
-734.0 |
-192.8 |
-38.8 |
-426.1 |
|
Cash from Operating Activities |
-493.9 |
94.4 |
484.0 |
503.6 |
257.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-962.7 |
-525.1 |
-385.7 |
-810.5 |
-378.5 |
|
Purchase/Acquisition of Intangibles |
-49.1 |
-33.4 |
-13.4 |
-15.4 |
-40.7 |
|
Capital Expenditures |
-1,011.8 |
-558.5 |
-399.1 |
-825.9 |
-419.2 |
|
Sale of Business |
12.1 |
53.4 |
- |
- |
- |
|
Sale of Fixed Assets |
21.2 |
31.0 |
62.7 |
27.8 |
44.4 |
|
Sale/Maturity of Investment |
142.9 |
135.8 |
150.9 |
170.5 |
40.8 |
|
Purchase of Investments |
-223.6 |
-96.3 |
-203.6 |
-220.5 |
-65.0 |
|
Sale of Intangible Assets |
4.5 |
2.1 |
- |
- |
- |
|
Other Investing Cash Flow |
-143.0 |
110.0 |
-61.2 |
3.8 |
-16.3 |
|
Other Investing Cash Flow Items, Total |
-186.0 |
236.0 |
-51.2 |
-18.4 |
3.9 |
|
Cash from Investing Activities |
-1,197.8 |
-322.5 |
-450.3 |
-844.3 |
-415.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
117.8 |
-67.9 |
-612.4 |
-397.7 |
-597.2 |
|
Financing Cash Flow Items |
117.8 |
-67.9 |
-612.4 |
-397.7 |
-597.2 |
|
Cash Dividends Paid - Common |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Total Cash Dividends Paid |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Sale/Issuance of
Common |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Common Stock, Net |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Issuance (Retirement) of Stock, Net |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Short Term Debt Issued |
4,794.0 |
4,233.7 |
5,105.4 |
7,617.3 |
5,407.7 |
|
Short Term Debt
Reduction |
-4,692.1 |
-4,272.9 |
-5,189.1 |
-7,523.4 |
-5,468.8 |
|
Short Term Debt, Net |
101.9 |
-39.2 |
-83.6 |
93.9 |
-61.1 |
|
Long Term Debt Issued |
1,833.1 |
1,281.4 |
695.5 |
1,211.5 |
781.9 |
|
Long Term Debt
Reduction |
-417.7 |
-741.7 |
-142.9 |
-291.1 |
- |
|
Long Term Debt, Net |
1,415.4 |
539.7 |
552.5 |
920.4 |
781.9 |
|
Issuance (Retirement) of Debt, Net |
1,517.3 |
500.5 |
468.9 |
1,014.3 |
720.8 |
|
Cash from Financing Activities |
1,605.1 |
403.4 |
-57.9 |
593.2 |
108.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-1.0 |
- |
- |
- |
|
Net Change in Cash |
-86.7 |
174.2 |
-24.2 |
252.5 |
-49.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
562.0 |
364.3 |
375.6 |
183.1 |
266.6 |
|
Net Cash - Ending Balance |
475.3 |
538.5 |
351.4 |
435.6 |
216.8 |
|
Cash Interest Paid |
230.4 |
216.6 |
- |
- |
- |
|
Cash Taxes Paid |
146.7 |
76.9 |
- |
- |
- |
Interim Cash Flows
Standardized
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
30-Sep-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
9 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1095.603455 |
1101.856011 |
1120.28956 |
1164.307745 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-9.0 |
63.0 |
193.8 |
-5.2 |
398.8 |
|
Depreciation |
372.6 |
305.1 |
195.4 |
99.6 |
274.3 |
|
Depreciation/Depletion |
372.6 |
305.1 |
195.4 |
99.6 |
274.3 |
|
Discontinued Operations |
-58.0 |
-58.6 |
-58.3 |
- |
-42.1 |
|
Unusual Items |
139.1 |
15.1 |
15.3 |
15.9 |
-2.5 |
|
Equity in Net Earnings (Loss) |
-43.5 |
-39.6 |
-26.7 |
-14.4 |
-9.6 |
|
Other Non-Cash Items |
157.2 |
237.0 |
74.3 |
118.9 |
119.1 |
|
Non-Cash Items |
194.8 |
153.9 |
4.6 |
120.3 |
64.9 |
|
Accounts Receivable |
-436.2 |
-241.0 |
-252.8 |
27.2 |
-244.2 |
|
Inventories |
-402.8 |
-509.8 |
-261.6 |
-174.8 |
-403.0 |
|
Other Assets |
-330.9 |
-336.4 |
-228.7 |
-79.8 |
-218.8 |
|
Accounts Payable |
395.4 |
248.1 |
289.4 |
-64.7 |
497.6 |
|
Other Liabilities |
-5.9 |
62.3 |
-8.0 |
81.8 |
37.0 |
|
Other Assets & Liabilities, Net |
-54.1 |
-29.6 |
-18.7 |
- |
-8.5 |
|
Other Operating Cash Flow |
-217.9 |
-211.6 |
-110.8 |
-99.1 |
-109.2 |
|
Changes in Working Capital |
-1,052.4 |
-1,017.9 |
-591.4 |
-309.3 |
-449.1 |
|
Cash from Operating Activities |
-493.9 |
-495.9 |
-197.6 |
-94.5 |
288.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-962.7 |
-738.4 |
-456.1 |
-175.2 |
-454.9 |
|
Purchase/Acquisition of Intangibles |
-49.1 |
-29.4 |
-4.2 |
-2.8 |
-9.1 |
|
Capital Expenditures |
-1,011.8 |
-767.8 |
-460.4 |
-178.0 |
-464.0 |
|
Sale of Fixed Assets |
21.2 |
64.4 |
59.5 |
52.2 |
69.1 |
|
Sale/Maturity of Investment |
142.9 |
85.8 |
54.3 |
17.5 |
65.6 |
|
Purchase of Investments |
-223.6 |
-100.8 |
-64.2 |
-9.4 |
-39.5 |
|
Sale of Intangible Assets |
4.5 |
4.6 |
4.4 |
0.8 |
2.1 |
|
Other Investing Cash Flow |
-130.9 |
-113.4 |
4.4 |
-24.8 |
-26.4 |
|
Other Investing Cash Flow Items, Total |
-186.0 |
-59.4 |
58.4 |
36.3 |
70.8 |
|
Cash from Investing Activities |
-1,197.8 |
-827.2 |
-402.0 |
-141.7 |
-393.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
117.8 |
88.8 |
-45.4 |
-19.5 |
-111.6 |
|
Financing Cash Flow Items |
117.8 |
88.8 |
-45.4 |
-19.5 |
-111.6 |
|
Cash Dividends Paid - Common |
-38.2 |
-38.5 |
-38.5 |
- |
-29.4 |
|
Total Cash Dividends Paid |
-38.2 |
-38.5 |
-38.5 |
- |
-29.4 |
|
Sale/Issuance of
Common |
8.2 |
8.1 |
8.6 |
- |
- |
|
Common Stock, Net |
8.2 |
8.1 |
8.6 |
- |
- |
|
Issuance (Retirement) of Stock, Net |
8.2 |
8.1 |
8.6 |
- |
- |
|
Short Term Debt Issued |
4,794.0 |
3,949.3 |
2,467.3 |
488.7 |
2,451.0 |
|
Short Term Debt
Reduction |
-4,692.1 |
-3,597.6 |
-2,381.9 |
- |
-2,355.5 |
|
Short Term Debt, Net |
101.9 |
351.7 |
85.4 |
488.7 |
95.5 |
|
Long Term Debt Issued |
1,833.1 |
1,276.5 |
734.0 |
252.2 |
689.2 |
|
Long Term Debt
Reduction |
-417.7 |
-308.7 |
-118.8 |
-243.3 |
-464.7 |
|
Long Term Debt, Net |
1,415.4 |
967.9 |
615.2 |
8.8 |
224.5 |
|
Issuance (Retirement) of Debt, Net |
1,517.3 |
1,319.6 |
700.6 |
497.6 |
320.0 |
|
Cash from Financing Activities |
1,605.1 |
1,378.1 |
625.3 |
478.1 |
178.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-1.1 |
0.4 |
5.9 |
0.0 |
|
Net Change in Cash |
-86.7 |
53.9 |
26.1 |
247.8 |
74.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
562.0 |
568.3 |
565.1 |
555.8 |
393.5 |
|
Net Cash - Ending Balance |
475.3 |
622.2 |
591.2 |
803.5 |
468.2 |
|
Cash Interest Paid |
230.4 |
184.6 |
103.3 |
46.6 |
144.4 |
|
Cash Taxes Paid |
146.7 |
138.7 |
88.3 |
55.7 |
62.2 |
Annual Income Statement
As Reported
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Total Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Salaries & Wages |
192.7 |
167.6 |
146.5 |
145.5 |
136.4 |
|
Retirement Allowance |
16.0 |
12.2 |
13.4 |
13.4 |
14.2 |
|
Employee Benefits |
25.0 |
17.3 |
14.9 |
15.8 |
13.5 |
|
Education & Training |
3.8 |
4.6 |
3.4 |
4.2 |
3.2 |
|
Travel Expenses |
25.6 |
21.7 |
20.1 |
20.6 |
16.0 |
|
Vehicle & Transport. |
- |
- |
3.8 |
4.0 |
3.9 |
|
Communication Exp. |
7.0 |
5.5 |
4.5 |
5.3 |
5.0 |
|
Taxes and Dues |
15.9 |
12.7 |
12.9 |
10.7 |
8.0 |
|
Insurance Expenses |
- |
- |
2.8 |
3.5 |
2.5 |
|
Rent |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
Depreciation Expense |
10.5 |
8.9 |
9.8 |
14.2 |
13.7 |
|
Amort of Intangibles |
4.3 |
3.1 |
34.4 |
39.0 |
31.4 |
|
Overseas Branch Exp. |
18.3 |
14.8 |
14.3 |
17.2 |
15.5 |
|
Advertising Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Shipping & Storage Expense |
47.6 |
41.2 |
- |
- |
- |
|
Shipping/Handling |
- |
- |
37.7 |
41.6 |
39.2 |
|
Commissions Paid |
59.7 |
61.5 |
67.0 |
49.2 |
32.4 |
|
Exporting Expenses |
84.9 |
76.1 |
175.8 |
192.2 |
174.5 |
|
Entertainment |
11.3 |
10.0 |
- |
- |
- |
|
Research & Development Expense |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Amort. of Bad Debts |
- |
- |
39.3 |
11.3 |
4.1 |
|
Services Expenses |
- |
- |
12.4 |
14.0 |
8.5 |
|
Volunteer Expense |
- |
- |
9.1 |
18.1 |
19.4 |
|
Misc Sales & Adm Exp |
- |
- |
75.8 |
62.3 |
58.7 |
|
Other Selling and Administrative Expense |
67.6 |
68.9 |
- |
- |
- |
|
Adjustment for Selling and Administrativ |
0.0 |
0.0 |
- |
- |
- |
|
Rental Income |
-1.1 |
-1.1 |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
-3.1 |
-8.3 |
- |
- |
- |
|
Recovery of Impairment Loss on Property, |
- |
-5.3 |
- |
- |
- |
|
Gain on Disposal of Intangible Assets |
0.0 |
- |
- |
- |
- |
|
Recovery of Impairment Loss on Intangibl |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Investment in Real E |
-0.1 |
-1.5 |
- |
- |
- |
|
Gain on Disposal of Other Assets |
- |
-0.2 |
- |
- |
- |
|
Miscellaneous Income |
-61.4 |
-44.2 |
- |
- |
- |
|
Gain on Purchase at Bargain Price |
- |
-2.4 |
- |
- |
- |
|
Gain on Derivative Transactions |
-31.6 |
-14.7 |
- |
- |
- |
|
Gain on Valuation of Derivatives |
-5.4 |
-15.4 |
- |
- |
- |
|
Reversal of Allowance for Doubtful Accou |
-2.6 |
-0.2 |
- |
- |
- |
|
Recovery of Allowance for Other Assets |
-1.3 |
- |
- |
- |
- |
|
Government Subsidy |
-2.4 |
-0.7 |
- |
- |
- |
|
Dividend Income |
-1.6 |
-1.4 |
- |
- |
- |
|
Adjustment for Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Valuation of Inventory |
0.6 |
0.2 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
2.2 |
8.9 |
- |
- |
- |
|
Impairment Loss on Property, Plant and E |
25.9 |
3.9 |
- |
- |
- |
|
Loss on Disposal of Intangible Assets |
0.1 |
- |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
0.4 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Investment in Real E |
0.0 |
4.1 |
- |
- |
- |
|
Impairment Loss on Investment in Real Es |
- |
0.0 |
- |
- |
- |
|
Loss on Disposal of Other Assets |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Reduction of Other Assets |
0.4 |
16.0 |
- |
- |
- |
|
Miscellaneous Loss |
22.1 |
28.6 |
- |
- |
- |
|
Loss on Derivative Transactions |
17.2 |
5.6 |
- |
- |
- |
|
Loss on Valuation of Derivatives |
18.2 |
4.6 |
- |
- |
- |
|
Loss on Scrapping of Inventory |
0.2 |
- |
- |
- |
- |
|
Donations Paid |
2.9 |
3.0 |
- |
- |
- |
|
nego Commission |
5.4 |
4.4 |
- |
- |
- |
|
Loss on Disposal of Trade Receivable |
2.1 |
2.4 |
- |
- |
- |
|
Sales Incentives |
0.1 |
0.1 |
- |
- |
- |
|
Adjustment for Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
9,976.9 |
8,122.8 |
7,345.2 |
8,283.3 |
7,191.9 |
|
|
|
|
|
|
|
|
Interest Income |
17.3 |
6.0 |
25.5 |
21.9 |
15.0 |
|
Dividend Income |
- |
- |
0.2 |
0.8 |
1.3 |
|
Rental Income |
- |
- |
0.7 |
0.6 |
0.3 |
|
Gain Dispose Assets |
- |
- |
4.5 |
3.0 |
4.2 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
1.2 |
5.9 |
- |
|
Gain Disp of Mkt Sec |
- |
- |
- |
- |
1.9 |
|
Gain Disp Inv Asset |
- |
- |
1.1 |
0.7 |
13.0 |
|
G-Secs for Sale Disposal |
21.3 |
0.1 |
- |
- |
- |
|
G-Foreign Currency Transaction |
133.6 |
87.8 |
58.0 |
62.8 |
6.1 |
|
G-Foreign Exchange Translation |
70.8 |
72.2 |
104.6 |
110.6 |
40.3 |
|
Recovery-Loan Loss Reserve |
- |
- |
- |
14.2 |
- |
|
Recovery-Invest. Asset Reduction Loss |
- |
- |
0.7 |
0.5 |
0.0 |
|
G-Valuation of Derivatives |
- |
- |
13.3 |
10.5 |
0.8 |
|
G-Derivatives Trading |
- |
- |
12.5 |
5.1 |
1.5 |
|
Miscellaneous Income |
- |
- |
46.9 |
67.4 |
33.2 |
|
Interest Expense, Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
L-Trade Rcvbl Disposal |
- |
- |
-2.3 |
-3.9 |
-3.9 |
|
L-Disp. of Inv. Assets |
- |
- |
-17.8 |
-1.2 |
0.0 |
|
L-Reduct Loss of Investment Assets |
- |
- |
-5.1 |
-0.5 |
-9.6 |
|
Sales Incentives |
- |
- |
-0.1 |
-0.1 |
-0.1 |
|
L-Reduct of Secs. Avail.-for-Sale |
-125.4 |
0.0 |
- |
- |
-0.8 |
|
L-Secs for Sale Disposal |
-1.0 |
- |
- |
- |
- |
|
Loss Disp Tang. Ast |
- |
- |
-2.0 |
-3.6 |
-6.5 |
|
Loss Reduction of Tangible Asset |
- |
- |
- |
- |
-3.7 |
|
Loss-Reduction of Tangible Assets |
- |
- |
-7.7 |
-2.1 |
- |
|
L-Derivatives Valuation |
- |
- |
-2.4 |
-47.0 |
-2.0 |
|
L-Derivatives Transaction |
- |
- |
-17.4 |
-66.0 |
-1.1 |
|
Loss on Valuation of Financial Assets at |
-6.5 |
- |
- |
- |
- |
|
Loss-Redemption of Debentures |
- |
- |
-0.2 |
-0.8 |
- |
|
L-Foreign Currency Transaction |
-102.6 |
-108.7 |
-41.5 |
-99.5 |
-10.2 |
|
Loss-Reduction of Goodwill |
- |
- |
- |
-0.5 |
- |
|
L-Foreign Exchange Translation |
-130.9 |
-72.2 |
-99.7 |
-189.2 |
-30.2 |
|
Other Amortization |
- |
- |
-43.5 |
-12.0 |
-4.4 |
|
Loss Value Inventory |
- |
- |
-0.1 |
-0.1 |
0.0 |
|
Miscellaneous Exp. |
- |
- |
-43.3 |
-21.0 |
-34.3 |
|
Donations Paid |
- |
- |
-2.2 |
-1.7 |
-1.4 |
|
Fee & Charges Exp |
- |
- |
-30.0 |
-41.3 |
-38.7 |
|
Gain Under Equity Method |
- |
- |
7.2 |
3.9 |
7.9 |
|
Loss under Equity Method |
- |
- |
-1.8 |
-6.9 |
-3.4 |
|
Adjustment for Finance Income |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Gain/Loss on Investments in Affiliates |
43.5 |
18.0 |
- |
- |
- |
|
Net Income Before Taxes |
-9.0 |
488.9 |
283.3 |
80.4 |
321.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
40.3 |
139.8 |
96.3 |
-48.2 |
96.7 |
|
Net Income After Taxes |
-49.3 |
349.2 |
187.1 |
128.6 |
224.5 |
|
|
|
|
|
|
|
|
Loss in Affiliates |
- |
- |
- |
- |
-11.2 |
|
Gain Minority Int. |
- |
- |
66.3 |
-21.0 |
-34.5 |
|
Loss Minority Int. |
44.1 |
59.4 |
- |
- |
- |
|
Net Income Before Extra. Items |
-5.3 |
408.5 |
253.4 |
107.7 |
178.8 |
|
Loss on Discontinued Operations |
-35.3 |
-144.1 |
- |
- |
- |
|
Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-5.3 |
408.5 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.16 |
12.28 |
7.62 |
3.24 |
5.38 |
|
Basic EPS Including ExtraOrdinary Item |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
Diluted Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.16 |
12.28 |
7.62 |
3.24 |
5.38 |
|
Diluted EPS Including ExtraOrd Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
DPS-Common Stock |
0.90 |
1.08 |
0.78 |
0.68 |
0.81 |
|
Gross Dividends - Common Stock |
30.0 |
36.0 |
26.1 |
22.7 |
26.9 |
|
Normalized Income Before Taxes |
18.8 |
490.4 |
283.2 |
84.9 |
307.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
50.1 |
140.2 |
96.2 |
-46.6 |
99.7 |
|
Normalized Income After Taxes |
-31.3 |
350.2 |
186.9 |
131.5 |
208.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
12.8 |
409.6 |
253.3 |
110.6 |
162.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.38 |
12.31 |
7.61 |
3.32 |
4.88 |
|
Diluted Normalized EPS |
0.38 |
12.31 |
7.61 |
3.32 |
4.88 |
|
Interest Expense, Supplemental |
189.7 |
166.5 |
172.8 |
169.6 |
136.2 |
|
Advertising Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Rental Expense, Supplemental |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
R&D Expense, Supplemental |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Depreciation, Supplemental |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amort of Acquisition Costs |
- |
- |
- |
- |
-23.5 |
|
Amort of Intangibles, Supplemental |
9.6 |
9.1 |
37.3 |
40.1 |
31.8 |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
|
Period Length |
3 Months |
3 Months |
6 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Special |
Restated
Calculated |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1145.271505 |
1082.999462 |
1101.856011 |
1120.28956 |
1132.465591 |
|
|
|
|
|
|
|
|
Sales Revenue |
2,819.2 |
2,468.5 |
4,937.1 |
2,402.3 |
2,426.1 |
|
Total Revenue |
2,819.2 |
2,468.5 |
4,937.1 |
2,402.3 |
2,426.1 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
2,598.0 |
2,265.5 |
4,363.6 |
2,112.8 |
2,089.3 |
|
Selling and Administrative Expenses |
181.1 |
142.1 |
306.4 |
154.3 |
167.0 |
|
Other Operating Income |
-36.4 |
-27.0 |
-46.8 |
-31.2 |
-30.2 |
|
Research & Development Expense |
37.0 |
28.5 |
52.8 |
24.3 |
30.8 |
|
Other Operating Expense |
-2.1 |
90.4 |
11.8 |
24.8 |
46.1 |
|
Total Operating Expense |
2,777.6 |
2,499.5 |
4,687.8 |
2,285.0 |
2,303.0 |
|
|
|
|
|
|
|
|
Finance Income |
40.1 |
109.3 |
95.2 |
52.5 |
13.8 |
|
Finance Expense |
-154.9 |
-224.7 |
-177.4 |
-106.5 |
-56.2 |
|
Gain/Loss in Affiliated Company |
4.2 |
12.9 |
26.7 |
14.4 |
8.5 |
|
Net Income Before Taxes |
-68.9 |
-133.5 |
193.8 |
77.7 |
89.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
4.4 |
-32.5 |
67.9 |
17.7 |
25.6 |
|
Net Income After Taxes |
-73.3 |
-101.1 |
125.9 |
60.0 |
63.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
4.3 |
40.5 |
- |
59.2 |
|
Net Income Before Extra. Items |
-73.7 |
-96.7 |
166.4 |
60.0 |
122.8 |
|
Gain on Discontinued Operations |
-1.7 |
0.0 |
-33.8 |
-83.4 |
-134.8 |
|
Net Income |
-75.4 |
-96.7 |
132.5 |
-23.4 |
-12.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-73.7 |
-96.7 |
166.4 |
60.0 |
122.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-75.4 |
-96.7 |
132.5 |
-23.4 |
-12.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Basic EPS Excluding ExtraOrdinary Items |
-2.22 |
-2.91 |
5.00 |
1.80 |
3.69 |
|
Basic EPS Including ExtraOrdinary Item |
-2.27 |
-2.91 |
3.98 |
-0.70 |
-0.36 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Diluted Net Income |
-75.4 |
-96.7 |
132.5 |
-23.4 |
-12.0 |
|
Diluted Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Diluted EPS Excluding ExtraOrd Items |
-2.22 |
-2.91 |
5.00 |
1.80 |
3.69 |
|
Diluted EPS Including ExtraOrd Items |
-2.27 |
-2.91 |
3.98 |
-0.70 |
-0.36 |
|
DPS-Common Stock |
0.87 |
0.00 |
0.00 |
0.00 |
1.10 |
|
Gross Dividends - Common Stock |
29.0 |
0.0 |
0.0 |
0.0 |
36.7 |
|
Normalized Income Before Taxes |
-68.9 |
-133.5 |
193.8 |
77.7 |
89.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
4.4 |
-32.5 |
67.9 |
17.7 |
25.6 |
|
Normalized Income After Taxes |
-73.3 |
-101.1 |
125.9 |
60.0 |
63.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-73.7 |
-96.7 |
166.4 |
60.0 |
122.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-2.22 |
-2.91 |
5.00 |
1.80 |
3.69 |
|
Diluted Normalized EPS |
-2.22 |
-2.91 |
5.00 |
1.80 |
3.69 |
|
Interest Expense, Supplemental |
49.2 |
51.1 |
89.3 |
46.2 |
41.1 |
|
Rental Expense, Supplemental |
- |
5.6 |
10.2 |
5.0 |
- |
|
Advertising Expense, Supplemental |
- |
5.0 |
8.8 |
3.3 |
- |
|
Research & Development Exp, Supplemental |
37.0 |
28.5 |
80.8 |
24.3 |
30.8 |
|
Depreciation, Supplemental |
68.5 |
109.9 |
195.4 |
99.6 |
69.3 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
- |
- |
385.1 |
380.6 |
215.3 |
|
ST Financial Assets |
- |
- |
48.5 |
11.2 |
68.8 |
|
ST Securities Available for Sale |
- |
- |
3.7 |
2.0 |
- |
|
Derivatives |
- |
- |
14.6 |
12.0 |
- |
|
ST Loans |
- |
- |
200.4 |
155.9 |
15.7 |
|
Trade Rcvb Gross |
- |
- |
1,471.8 |
1,058.9 |
882.7 |
|
Doubtful Account |
- |
- |
-57.5 |
-19.5 |
-20.9 |
|
Other Receivables |
- |
- |
89.4 |
121.0 |
29.8 |
|
Advance Payments |
- |
- |
205.7 |
107.6 |
107.7 |
|
Prepaid Expenses |
- |
- |
24.4 |
24.7 |
17.3 |
|
Accrued Income |
- |
- |
21.4 |
17.0 |
13.2 |
|
Deferred Income Tax |
- |
- |
20.9 |
80.3 |
16.5 |
|
Other Quick Asst |
- |
- |
15.9 |
43.9 |
19.4 |
|
Merchandise |
- |
- |
92.5 |
66.8 |
95.4 |
|
Manufactured Goods/ Outsourcing |
- |
- |
3.7 |
29.9 |
5.4 |
|
Trust Mfg Good |
- |
- |
0.4 |
0.3 |
0.4 |
|
Finished Goods |
- |
- |
195.1 |
318.1 |
198.7 |
|
Unfinished Construction Fee |
- |
- |
11.1 |
69.9 |
71.9 |
|
Semi-finish Good |
- |
- |
84.0 |
68.6 |
63.2 |
|
Work in Progress |
- |
- |
50.3 |
30.4 |
48.2 |
|
Raw Materials |
- |
- |
196.8 |
137.7 |
139.3 |
|
Suppl. Material |
- |
- |
18.0 |
30.9 |
9.7 |
|
Supplies |
- |
- |
3.0 |
5.5 |
16.4 |
|
Land in Commercial Use |
- |
- |
91.3 |
103.1 |
123.8 |
|
Goods in Transit |
- |
- |
42.8 |
14.2 |
16.6 |
|
Display Materials |
- |
- |
0.2 |
0.4 |
0.1 |
|
Other Current Assets |
177.2 |
154.7 |
129.9 |
44.1 |
9.1 |
|
Cash & Cash Equivalents |
457.1 |
548.6 |
- |
- |
- |
|
Trade & Other Receivables |
2,090.3 |
2,363.0 |
- |
- |
- |
|
Unbilled Constructions |
89.2 |
133.8 |
- |
- |
- |
|
Other Financial Instruments |
21.5 |
51.4 |
- |
- |
- |
|
Inventories |
1,593.6 |
1,252.6 |
- |
- |
- |
|
Current Tax Assets |
12.6 |
6.9 |
- |
- |
- |
|
Total Current Assets |
4,441.5 |
4,511.0 |
3,363.6 |
2,915.4 |
2,163.5 |
|
|
|
|
|
|
|
|
LT Finl Assets |
- |
- |
65.9 |
57.9 |
57.7 |
|
Secs for Sale |
- |
- |
154.1 |
125.6 |
109.6 |
|
Affiliates Stocks |
224.8 |
169.3 |
85.5 |
65.4 |
82.9 |
|
Securities Held to Maturities |
- |
- |
4.5 |
9.2 |
- |
|
LT Loan |
- |
- |
4.1 |
3.6 |
3.4 |
|
Guarantee Dep. |
- |
- |
111.0 |
109.1 |
88.6 |
|
LT Trade Receivable |
- |
- |
0.3 |
0.3 |
0.2 |
|
LT Prepaid Expense |
- |
- |
26.4 |
0.2 |
- |
|
Natural Resource Development Fund |
- |
- |
0.8 |
0.8 |
1.4 |
|
LA Defer Tax Dbt |
29.6 |
19.7 |
9.0 |
7.8 |
1.3 |
|
Other Inv Assets |
- |
- |
21.7 |
55.5 |
4.7 |
|
Other Financial Business Assets |
1,814.3 |
1,558.3 |
1,101.8 |
1,051.3 |
1,373.6 |
|
Land |
- |
- |
1,404.0 |
1,289.9 |
795.3 |
|
Buildings |
- |
- |
892.8 |
780.8 |
941.8 |
|
Buildings Depre. |
- |
- |
-183.8 |
-148.4 |
-220.5 |
|
Buildings-Reduction |
- |
- |
-6.7 |
-2.2 |
-6.1 |
|
Structures |
- |
- |
136.7 |
124.1 |
146.3 |
|
Structure Depre. |
- |
- |
-39.3 |
-33.8 |
-39.0 |
|
Tools/Equip./Fix |
- |
- |
249.8 |
202.4 |
251.1 |
|
Tool/Equip Depr. |
- |
- |
-165.0 |
-135.8 |
-185.4 |
|
Machinery/Equip. |
- |
- |
3,582.7 |
3,214.3 |
3,497.8 |
|
Mach/Equip Depre |
- |
- |
-2,411.1 |
-2,056.8 |
-2,405.2 |
|
Machinery & Equipment, Reduction |
- |
- |
-6.1 |
-1.8 |
- |
|
Transport Equip. |
- |
- |
27.1 |
24.4 |
29.8 |
|
Transport Deprec |
- |
- |
-19.4 |
-17.2 |
-23.7 |
|
Construct. |
- |
- |
299.9 |
225.5 |
260.6 |
|
Mach.In Transit |
- |
- |
0.7 |
0.9 |
0.3 |
|
Indust.-Patent |
- |
- |
6.5 |
7.2 |
5.8 |
|
Facility Use Rgt |
- |
- |
0.0 |
0.1 |
0.8 |
|
Other Intangible |
- |
- |
47.1 |
40.5 |
32.5 |
|
Goodwill |
- |
- |
79.0 |
103.5 |
171.4 |
|
Negative Goodwill |
- |
- |
-14.9 |
-17.9 |
- |
|
Non-Current Trade & Other Receivables |
182.7 |
143.9 |
- |
- |
- |
|
Property, Plant & Equipment, Net |
4,279.4 |
3,704.2 |
- |
- |
- |
|
Investment in Properties |
335.8 |
303.5 |
- |
- |
- |
|
Intangible Assets |
391.3 |
231.0 |
- |
- |
- |
|
Other Non-Current Financial Assets |
101.3 |
195.4 |
- |
- |
- |
|
Other Non-Current Assets |
24.9 |
10.4 |
- |
- |
- |
|
Total Assets |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
- |
- |
1,173.2 |
977.1 |
733.1 |
|
Accounts Payable |
- |
- |
229.1 |
178.2 |
157.5 |
|
Inc. Taxes Pay. |
16.0 |
92.7 |
26.1 |
14.7 |
61.9 |
|
Accrued Expenses |
- |
- |
70.4 |
69.0 |
54.8 |
|
Customer Advance |
- |
- |
237.7 |
205.8 |
134.0 |
|
Deposit Withheld |
- |
- |
56.1 |
47.0 |
25.1 |
|
CL Deferred Tax |
- |
- |
0.0 |
0.0 |
0.1 |
|
Security Deposit Withheld |
- |
- |
139.8 |
82.3 |
160.4 |
|
ST Borrowings |
3,521.5 |
3,055.8 |
1,385.5 |
1,387.4 |
1,191.4 |
|
Derivatives in Liabilities, Current |
- |
- |
13.1 |
41.7 |
- |
|
Current Port LTD |
- |
- |
964.9 |
716.3 |
538.3 |
|
Other Cur Liabs. |
332.1 |
238.1 |
6.9 |
6.4 |
3.4 |
|
Current Trade & Other Payables |
1,618.6 |
1,835.8 |
- |
- |
- |
|
Overbilled Constructions |
24.9 |
30.3 |
- |
- |
- |
|
Other Current Financial Liabilities |
18.7 |
6.5 |
- |
- |
- |
|
Total Current Liabilities |
5,531.7 |
5,258.9 |
4,302.8 |
3,725.8 |
3,060.0 |
|
|
|
|
|
|
|
|
Bonds |
- |
- |
877.6 |
862.6 |
1,205.4 |
|
LT Borrowings |
3,042.6 |
2,207.3 |
697.5 |
924.1 |
893.7 |
|
Total Long Term Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
|
|
|
|
|
|
|
LT Accounts Pay |
- |
- |
9.4 |
6.6 |
6.6 |
|
Deferred Income Tax, Credit |
- |
- |
217.2 |
203.0 |
26.2 |
|
Other LT Liabs. |
- |
- |
2.4 |
1.1 |
7.6 |
|
LT Dep Withhld |
- |
- |
22.6 |
64.6 |
98.4 |
|
Retire Reserve |
45.9 |
47.8 |
167.0 |
139.3 |
56.3 |
|
Reserve-Equity Method Loss |
- |
- |
- |
0.4 |
- |
|
Rsrv-Constrctn L |
- |
- |
22.5 |
16.6 |
11.0 |
|
Reserve-Sales Guarantee |
- |
- |
0.2 |
0.1 |
0.3 |
|
Reserve-Construction Loss |
- |
- |
13.3 |
- |
- |
|
Deposit-Retirement Insurance |
- |
- |
-113.3 |
-91.6 |
- |
|
Transfer to National Pension Fund |
- |
- |
-0.9 |
-1.2 |
- |
|
Minority Int. |
79.4 |
133.5 |
276.5 |
213.2 |
134.2 |
|
Non-Current Trade & Other Payables |
299.8 |
249.2 |
- |
- |
- |
|
Deferred Income Taxes, Non-Current Liabi |
324.5 |
295.6 |
- |
- |
- |
|
Other Non-current Financial Liabilities |
0.8 |
0.5 |
- |
- |
- |
|
Other Non-Current Liabilities |
10.6 |
39.7 |
- |
- |
- |
|
Total Liabilities |
9,335.4 |
8,232.5 |
6,494.8 |
6,064.5 |
5,499.6 |
|
|
|
|
|
|
|
|
Common Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Cons Capital Sur |
- |
- |
1,004.1 |
933.1 |
1,254.3 |
|
Consolidated Retained Earnings |
- |
- |
509.5 |
213.9 |
223.0 |
|
Capital Change, Equity Method (Loss) |
- |
- |
-4.9 |
-2.7 |
-2.8 |
|
Capital Change, Equity Method |
- |
- |
20.5 |
17.3 |
11.5 |
|
G-Secs for Sale Valuation |
- |
- |
22.8 |
11.5 |
16.5 |
|
Loss-Valu. of Sec. Available for Sale |
- |
- |
-1.0 |
-6.1 |
- |
|
Loss-Valuation of Derivatives |
- |
- |
-6.3 |
-27.7 |
0.2 |
|
Treasury Stock |
- |
- |
-29.4 |
-27.2 |
-36.5 |
|
Overseas Business Translation Credit |
- |
- |
89.8 |
148.4 |
-12.8 |
|
Reserve for Assets Revaluation |
- |
- |
579.6 |
537.2 |
- |
|
Other Capital Adjustment |
- |
- |
-1.5 |
- |
- |
|
Additional Paid in Capital |
113.6 |
115.3 |
- |
- |
- |
|
Retained Earnings or Accumulated Deficit |
1,921.2 |
2,033.1 |
- |
- |
- |
|
Other Capital Items |
303.1 |
311.1 |
- |
- |
- |
|
Total Equity |
2,490.3 |
2,614.2 |
2,334.0 |
1,937.1 |
1,641.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Total Common Shares Outstanding |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
T/S-Common Stock |
1.8 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Deferred Revenue, Current |
- |
- |
237.7 |
205.8 |
134.0 |
|
Full-Time Employees |
- |
7,786 |
7,047 |
6,340 |
5,920 |
|
Number of Common Shareholders |
- |
32,363 |
- |
20,913 |
21,588 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
964.9 |
716.3 |
538.3 |
|
Long Term Debt Maturing within 2 Years |
- |
- |
823.6 |
901.9 |
694.3 |
|
Long Term Debt Maturing within 3 Years |
- |
- |
500.1 |
648.2 |
689.6 |
|
Long Term Debt Maturing within 4 Years |
- |
- |
183.7 |
136.0 |
114.7 |
|
Long Term Debt Maturing within 5 Years |
- |
- |
37.5 |
- |
- |
|
Long Term Debt Remaining Maturities |
- |
- |
33.1 |
103.4 |
603.4 |
|
Total Long Term Debt, Supplemental |
- |
- |
2,542.9 |
2,505.8 |
2,640.2 |
|
Operating Lease Maturing within 1 Year |
- |
- |
5.9 |
3.5 |
0.8 |
|
Operating Lease Maturing within 2 Year |
- |
- |
- |
3.5 |
- |
|
Operating Lease Maturing within 3 Year |
- |
- |
- |
3.5 |
- |
|
Operating Lease Maturing within 4 Year |
- |
- |
- |
1.1 |
- |
|
Operating Lease Maturing within 5Year |
- |
- |
9.6 |
- |
- |
|
Operating Lease-Remaining Maturities |
- |
- |
- |
- |
0.1 |
|
Total Operating Leases |
- |
- |
15.5 |
11.6 |
0.8 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1178.05 |
1067.65 |
1096.95 |
|
|
|
|
|
|
|
Cash and Cash Equivalents |
457.1 |
578.6 |
610.1 |
820.6 |
|
Trade Receivables |
- |
1,735.1 |
1,670.7 |
- |
|
Allowance for Doubtful Accounts for Trad |
- |
-21.4 |
-26.0 |
- |
|
Other Receivables, Net |
- |
118.4 |
88.4 |
- |
|
ST Loans |
- |
95.0 |
95.7 |
- |
|
Accrued Income |
- |
26.0 |
26.5 |
- |
|
Deposits Provided |
- |
2.9 |
2.8 |
- |
|
Adjustment for Trade and Other Current R |
- |
0.0 |
0.0 |
- |
|
Trade and Other Current Receivables |
2,090.3 |
- |
- |
2,228.4 |
|
Unbilled Construction |
89.2 |
86.3 |
77.8 |
171.5 |
|
Other Current Financial Assets |
21.5 |
25.7 |
- |
211.0 |
|
Other Current Assets |
177.2 |
- |
60.7 |
52.0 |
|
Inventories |
1,593.6 |
- |
- |
1,452.1 |
|
Prepaid Income Taxes |
- |
- |
3.0 |
9.2 |
|
Advance Payment |
- |
193.5 |
178.3 |
- |
|
Prepaid Expense |
- |
52.6 |
37.8 |
- |
|
Adjustment for Other Current Assets |
- |
0.0 |
0.0 |
- |
|
Merchandises |
- |
293.0 |
201.7 |
- |
|
Finished Goods |
- |
343.9 |
295.8 |
- |
|
Semi-finished Goods |
- |
229.9 |
192.3 |
- |
|
Works in Process |
- |
84.0 |
93.3 |
- |
|
Manufactured Goods under Consignment |
- |
4.8 |
4.8 |
- |
|
Manufactured Goods under Costodian |
- |
0.6 |
0.6 |
- |
|
Raw Materials |
- |
234.2 |
246.0 |
- |
|
Supplemental Raw Materials |
- |
22.3 |
21.9 |
- |
|
Supplies |
- |
13.3 |
9.8 |
- |
|
Packaging Materials |
- |
3.2 |
2.5 |
- |
|
Goods in Transit |
- |
60.8 |
60.5 |
- |
|
Unfinished Construction, Current |
- |
103.9 |
85.3 |
- |
|
Display Materials |
- |
- |
0.0 |
- |
|
Finished Residential Units, Current |
- |
43.3 |
62.7 |
- |
|
Land-Construction Business |
- |
178.6 |
211.9 |
- |
|
Other Inventory |
- |
2.6 |
0.8 |
- |
|
Adjustment for Inventory |
- |
0.0 |
0.0 |
- |
|
Current Tax Assets |
12.6 |
16.4 |
- |
- |
|
Temporary Establishments |
- |
0.0 |
- |
- |
|
Total Current Assets |
4,441.5 |
4,527.6 |
4,316.1 |
4,944.9 |
|
|
|
|
|
|
|
Long-term Trade and Other Receivables |
182.7 |
- |
167.7 |
163.3 |
|
Land |
- |
1,213.1 |
1,335.9 |
- |
|
Land-Reduction |
- |
0.0 |
-0.9 |
- |
|
Buildings |
- |
888.3 |
947.9 |
- |
|
Accumulated Depreciation for Buildings |
- |
-205.9 |
-217.1 |
- |
|
Buildings-Reduction |
- |
0.0 |
-10.8 |
- |
|
Structures |
- |
166.7 |
178.8 |
- |
|
Accumulated Depreciation for Structures |
- |
-52.0 |
-54.8 |
- |
|
Machinery |
- |
4,136.4 |
4,364.0 |
- |
|
Accumulated Depreciation for Machinery |
- |
-2,743.6 |
-2,906.0 |
- |
|
Machinery-Reduction |
- |
-2.1 |
-2.7 |
- |
|
Machinery-Government Subsidy |
- |
-4.6 |
-5.2 |
- |
|
Vehicles & Transportation Equipment |
- |
34.6 |
37.9 |
- |
|
Accumulated Depreciation for Vehicles |
- |
-21.6 |
-23.3 |
- |
|
Tools & Equipments & Fixtures |
- |
235.7 |
250.9 |
- |
|
Tools & Equipments-Depreciation |
- |
-171.2 |
-182.9 |
- |
|
Tools & Equipments &
Fixtures-Government |
- |
-0.3 |
-0.2 |
- |
|
Other Tangible Assets |
- |
65.7 |
70.4 |
- |
|
Other Tangibles-Depreciation |
- |
-23.9 |
-22.0 |
- |
|
Other Tangibles-Reduction |
- |
-1.2 |
-1.3 |
- |
|
Construction in Progress |
- |
432.6 |
317.4 |
- |
|
Machines in Transit |
- |
1.8 |
19.2 |
- |
|
Adjustment for Property, Plant and Equip |
- |
0.0 |
0.0 |
- |
|
Property, Plant and Equipment |
4,279.4 |
- |
- |
3,854.1 |
|
Investment in Properties |
335.8 |
318.2 |
325.7 |
324.7 |
|
Goodwill |
- |
74.4 |
82.1 |
- |
|
Industrial Property Rights |
- |
23.1 |
6.8 |
- |
|
Other Intangible Assets |
- |
72.5 |
70.3 |
- |
|
Membership Right |
- |
23.5 |
25.9 |
- |
|
Adjustment for Intangible Assets |
- |
0.0 |
0.0 |
- |
|
Intangible Assets |
391.3 |
- |
- |
181.9 |
|
Investment in Affiliates |
224.8 |
212.6 |
213.9 |
185.6 |
|
Deferred Income Taxes Assets |
29.6 |
17.9 |
20.6 |
24.4 |
|
Other Non-Current Financial Assets |
101.3 |
1,983.9 |
2,165.9 |
1,895.4 |
|
LT Prepaid Expense |
- |
13.1 |
19.5 |
- |
|
Other Investment Assets |
- |
3.1 |
2.7 |
- |
|
Adjustment for Other Non-Current Assets |
- |
0.0 |
0.0 |
- |
|
Other Non-current Assets |
24.9 |
- |
- |
21.3 |
|
LT Trade Receivables |
- |
6.9 |
- |
- |
|
LT Other Receivables |
- |
0.0 |
- |
- |
|
LT Loans |
- |
8.4 |
- |
- |
|
Guarantee Deposit |
- |
147.8 |
- |
- |
|
Adjustment for LT Trade&Other Receivable |
- |
0.0 |
- |
- |
|
Other Financial Business Assets |
1,814.3 |
- |
- |
- |
|
Total Assets |
11,825.7 |
11,381.9 |
11,512.5 |
11,595.5 |
|
|
|
|
|
|
|
Trade Payable |
- |
1,190.4 |
1,182.0 |
- |
|
Other Payables |
- |
266.8 |
236.3 |
- |
|
Accrued Expenses |
- |
67.7 |
68.5 |
- |
|
Withholdings |
- |
24.8 |
27.4 |
- |
|
Security Deposit Withheld, Current |
- |
262.1 |
276.4 |
- |
|
Adjustment for Trade and Other Liabiliti |
- |
0.0 |
0.0 |
- |
|
Trade and Other Liabilities |
1,618.6 |
- |
- |
2,120.0 |
|
Unbilled Construction |
24.9 |
34.1 |
31.1 |
59.9 |
|
Short-term Borrowings |
3,521.5 |
2,419.5 |
3,395.3 |
3,437.1 |
|
Current Portion of Long-term Debt&Bond |
- |
1,116.7 |
- |
- |
|
Other Current Financial Liabilities |
18.7 |
46.0 |
6.4 |
9.6 |
|
Income Taxes Payable |
16.0 |
1.9 |
57.7 |
74.1 |
|
Other Current Liabilities |
332.1 |
- |
332.1 |
292.8 |
|
Adjustment for Current Portion of Long-t |
- |
0.0 |
- |
- |
|
Advance for Customers |
- |
340.9 |
- |
- |
|
Unearned Income |
- |
27.7 |
- |
- |
|
Reserve for Current Liabilities |
- |
2.2 |
- |
- |
|
Adjustment for Other Current Liabilities |
- |
0.0 |
- |
- |
|
Total Current Liabilities |
5,531.7 |
5,800.7 |
5,613.3 |
5,993.6 |
|
|
|
|
|
|
|
Long-term Borrowings |
3,042.6 |
1,353.4 |
2,512.9 |
2,392.8 |
|
Bonds |
- |
1,243.4 |
- |
- |
|
Adjustment for Long-term Borrowings |
- |
0.0 |
- |
- |
|
Total Long Term Debt |
3,042.6 |
2,596.7 |
2,512.9 |
2,392.8 |
|
|
|
|
|
|
|
LT Other Payables |
- |
8.7 |
10.1 |
- |
|
Security Deposit, LT |
- |
24.3 |
27.2 |
- |
|
Adjustment for LT Trade and Other Payabl |
- |
0.0 |
0.0 |
- |
|
LT Trade and Other Payables |
299.8 |
- |
- |
35.8 |
|
Provisions for Retirement and Severance |
45.9 |
57.3 |
54.8 |
57.7 |
|
Deferred Income Taxes Liabilities |
324.5 |
274.1 |
319.8 |
277.5 |
|
Other Non-current Financial Liabilities |
0.8 |
0.7 |
0.5 |
0.6 |
|
Other Long-term Liabilities |
10.6 |
- |
13.1 |
43.6 |
|
Minority Interest |
79.4 |
75.7 |
83.4 |
102.7 |
|
Government Subsidy |
- |
1.2 |
- |
- |
|
LT Provisions |
- |
10.7 |
- |
- |
|
Adj-Other Non-current Liabilities |
- |
0.0 |
- |
- |
|
Total Liabilities |
9,335.4 |
8,850.2 |
8,635.2 |
8,904.4 |
|
|
|
|
|
|
|
Capital Stock |
152.4 |
149.0 |
164.5 |
160.1 |
|
Additional Paid-in Capital |
113.6 |
111.1 |
122.5 |
119.3 |
|
Retained Earnings, Total |
1,921.2 |
1,979.1 |
2,284.0 |
2,106.2 |
|
Other Capital |
303.1 |
292.5 |
306.3 |
305.7 |
|
Total Equity |
2,490.3 |
2,531.8 |
2,877.3 |
2,691.2 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
11,825.7 |
11,381.9 |
11,512.5 |
11,595.5 |
|
|
|
|
|
|
|
S/O-Common Stock |
33.3 |
33.3 |
33.3 |
33.3 |
|
Total Common Shares Outstanding |
33.3 |
33.3 |
33.3 |
33.3 |
|
T/S-Common Stock |
1.8 |
1.8 |
1.8 |
1.8 |
|
Deferred Revenue, Current |
- |
368.6 |
- |
- |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
- |
45.5 |
|
Full-Time Employees |
- |
7,631 |
7,652 |
7,672 |
|
Long Term Debt Maturing within 1 Year |
- |
1,116.7 |
- |
1,076.7 |
|
Long Term Debt Maturing in Year 2 |
- |
973.7 |
- |
880.7 |
|
Long Term Debt Maturing in Year 5 |
- |
1,535.0 |
- |
1,439.7 |
|
Long Term Debt - Remaining Maturities |
- |
92.5 |
- |
77.5 |
|
Total Long Term Debt, Supplemental |
- |
3,718.0 |
- |
3,474.7 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-9.0 |
488.9 |
187.1 |
128.6 |
213.3 |
|
Depreciation |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amort. Intangible |
- |
- |
37.2 |
39.8 |
31.8 |
|
Amortization-Development Cost |
- |
- |
0.0 |
0.3 |
0.8 |
|
Provision-Doubtful Account |
- |
- |
39.3 |
11.3 |
4.1 |
|
Retirement Allowance |
39.4 |
31.6 |
36.1 |
42.1 |
48.3 |
|
Amort. Bond Credit |
- |
- |
3.6 |
1.0 |
1.1 |
|
Loss on Reduction of Goodwill |
- |
- |
- |
0.5 |
- |
|
Loss on AR Disp |
- |
- |
2.3 |
3.9 |
3.9 |
|
Translation Loss |
- |
- |
41.5 |
99.5 |
10.2 |
|
Provision-Construction Loss |
- |
- |
12.1 |
- |
- |
|
Loss Decr. Inv. Asst |
- |
- |
17.8 |
1.2 |
0.0 |
|
Loss-Reduction of Investment Assets |
- |
- |
5.1 |
0.5 |
10.4 |
|
Disp Tang Asst Loss |
- |
- |
2.0 |
3.6 |
6.5 |
|
Loss-Reduction of Tangible Assets |
- |
- |
7.7 |
2.1 |
3.7 |
|
Loss Equity Method |
- |
- |
1.8 |
6.9 |
3.4 |
|
Recovery-Provision Doubtful Account |
- |
- |
- |
-14.2 |
- |
|
Amort-Bad Debt Expenses |
- |
- |
43.5 |
12.0 |
4.4 |
|
L-Derivatives Valuation |
- |
- |
2.4 |
47.0 |
2.0 |
|
Repair Service Fee |
- |
- |
9.4 |
8.6 |
3.5 |
|
Loss-Valuation of Inventory |
- |
- |
0.1 |
0.1 |
0.0 |
|
Loss-Redemption of Bond |
- |
- |
0.2 |
0.8 |
- |
|
Recovery-Negative Goodwill Amortization |
- |
- |
-1.2 |
-5.9 |
- |
|
Translation Gain |
- |
- |
-58.0 |
-62.8 |
-6.1 |
|
Gain Disp of Inv Ast |
- |
- |
-1.1 |
-0.7 |
-14.9 |
|
Gain Disp Tang. Ast |
- |
- |
-4.5 |
-3.0 |
-4.2 |
|
Recovery-Invest. Assets Reduction Loss |
- |
- |
-0.7 |
-0.5 |
0.0 |
|
Equity In Affiliates |
- |
- |
-7.2 |
-3.9 |
-7.9 |
|
Gain-Valuation of Derivatives |
- |
- |
-13.3 |
-10.5 |
-0.8 |
|
Trade Receivables |
-401.2 |
-404.1 |
-317.1 |
-25.8 |
-261.2 |
|
Account Receivables |
-32.3 |
29.6 |
37.6 |
-53.6 |
4.5 |
|
Accrued Income |
- |
- |
-11.8 |
1.2 |
-0.9 |
|
Advanced Payment |
- |
- |
-80.8 |
-18.3 |
-39.6 |
|
Prepaid Expenses |
- |
- |
-21.9 |
-14.5 |
-6.7 |
|
Other Quick Assets |
- |
- |
28.8 |
-39.0 |
-14.1 |
|
Inventory |
-402.8 |
-244.4 |
73.6 |
-307.8 |
23.2 |
|
Other Finance Business Asset |
- |
- |
39.6 |
13.3 |
-210.2 |
|
Deferred Taxes-Assets |
- |
- |
59.7 |
-80.6 |
-0.2 |
|
Trade Payables |
14.8 |
538.6 |
96.8 |
134.1 |
-20.7 |
|
Account Payables |
380.6 |
17.7 |
32.3 |
147.2 |
3.6 |
|
Advances Received |
- |
- |
19.9 |
78.6 |
14.3 |
|
Deposits Withheld |
- |
- |
9.8 |
7.3 |
-5.6 |
|
Accrued Expenses |
- |
- |
-3.7 |
20.5 |
25.5 |
|
Security Deposits Withheld |
- |
- |
3.3 |
-54.0 |
50.1 |
|
Accrued Income Taxes |
- |
- |
9.3 |
-38.4 |
35.6 |
|
Other Currency Liabilities |
- |
- |
-0.3 |
2.3 |
-9.5 |
|
Payment-Retirement Bonus |
-9.7 |
-10.1 |
-21.1 |
-25.8 |
-28.9 |
|
National Pension |
- |
- |
0.4 |
0.2 |
0.3 |
|
Deposits for Retirement Insurance |
- |
- |
-13.0 |
-14.7 |
-22.2 |
|
Rsv-Construction L |
- |
- |
-5.3 |
-8.6 |
-1.0 |
|
Reserve-Sales Loss |
- |
- |
0.1 |
-0.2 |
-0.3 |
|
Other LT Liabilities |
- |
- |
1.0 |
-20.6 |
3.8 |
|
Deferred Taxes-Liab. |
- |
- |
-15.6 |
17.7 |
36.9 |
|
Overseas Business Translation Debit |
-0.4 |
0.1 |
-50.6 |
177.9 |
34.1 |
|
Reserve-Severance & Retirement Benefit |
-0.4 |
-24.2 |
0.1 |
- |
- |
|
Derivatives |
- |
- |
12.0 |
- |
- |
|
Derivatives in Liabilities |
- |
- |
-31.6 |
- |
- |
|
Cash-Tax Paid |
-146.7 |
-76.9 |
- |
- |
- |
|
Cash-Interest Paid |
-230.4 |
-216.6 |
- |
- |
- |
|
Cash-Interest Received |
157.6 |
127.7 |
- |
- |
- |
|
Cash-Dividend Income |
1.6 |
1.4 |
- |
- |
- |
|
Discontinued Operations |
-58.0 |
-119.1 |
- |
- |
- |
|
Interest Income/Expense |
98.1 |
90.2 |
- |
- |
- |
|
Gain/Loss on Foreign Currency Translatio |
60.2 |
0.2 |
- |
- |
- |
|
Gain/Loss on Derivative Assets |
12.8 |
-10.8 |
- |
- |
- |
|
Loss on Sale of Tangible Assets, Intangi |
2.3 |
13.1 |
- |
- |
- |
|
Gain on Sale of Tangible Assets, Intangi |
-3.2 |
-9.8 |
- |
- |
- |
|
Loss on Reduction of Tangible Assets, In |
26.3 |
4.0 |
- |
- |
- |
|
Recovery of Loss on Reduction of Tangibl |
0.0 |
-5.3 |
- |
- |
- |
|
Allowance for Doubtful Accounts&Expenses |
0.2 |
14.4 |
- |
- |
- |
|
Recovery of Allowance for Doubtful Accou |
-3.9 |
-0.2 |
- |
- |
- |
|
Loss on Disposal of Financial Assets |
1.0 |
- |
- |
- |
- |
|
Gain on Disposal of Financial Assets |
-21.3 |
-0.1 |
- |
- |
- |
|
Loss on Reduction of Financial Assets |
125.4 |
0.0 |
- |
- |
- |
|
Loss on Valuation of Financial Assets |
6.5 |
- |
- |
- |
- |
|
Dividend Income |
-1.6 |
-1.4 |
- |
- |
- |
|
Provisions |
5.4 |
2.9 |
- |
- |
- |
|
Loss on Disposal of Trade Receivables |
2.1 |
2.4 |
- |
- |
- |
|
Gain/Loss under Equity Method |
-43.5 |
-18.0 |
- |
- |
- |
|
Other Non-Cash Items |
1.8 |
13.9 |
- |
- |
- |
|
Unbilled Constructions |
-2.6 |
3.8 |
- |
- |
- |
|
Other Financial Assets |
17.7 |
13.5 |
- |
- |
- |
|
Other Assets |
-40.6 |
60.9 |
- |
- |
- |
|
Increase-Financial Assets |
-308.0 |
-534.7 |
- |
- |
- |
|
Other Financial Liabilities |
-5.5 |
-9.9 |
- |
- |
- |
|
Payment for Defect Repair Expense |
-7.2 |
-3.3 |
- |
- |
- |
|
Payment of Plan Assets |
-37.9 |
-12.6 |
- |
- |
- |
|
Other Operating Assets & Liabilities |
-54.1 |
-3.0 |
- |
- |
- |
|
Adjustment for Cash Flow from Operating |
0.0 |
0.0 |
- |
- |
- |
|
Cash from Operating Activities |
-493.9 |
94.4 |
484.0 |
503.6 |
257.3 |
|
|
|
|
|
|
|
|
Decrease-ST Financial Assets |
- |
- |
129.1 |
137.3 |
- |
|
Decrease-LT Financial Assets |
- |
- |
9.9 |
0.5 |
- |
|
Decrease-ST Loans |
- |
- |
122.4 |
204.8 |
- |
|
Decrease in LT Loans |
- |
- |
0.5 |
1.3 |
0.5 |
|
Dec-Guarantee Dep |
- |
- |
45.8 |
14.4 |
25.3 |
|
Dec-Secs for Sale |
- |
- |
5.6 |
31.7 |
40.8 |
|
Disposal-Securities Held to Maturities |
- |
- |
5.6 |
0.0 |
- |
|
Disposal of Land |
- |
- |
6.5 |
9.8 |
11.2 |
|
Disposal of Building |
- |
- |
6.1 |
8.7 |
16.7 |
|
Disposal Structure |
- |
- |
0.7 |
- |
0.0 |
|
Disposal Mach./Equip |
- |
- |
8.0 |
6.6 |
8.4 |
|
Disposal Trans Equip |
- |
- |
1.2 |
1.0 |
0.7 |
|
Disp Tools/Supplies |
- |
- |
2.5 |
1.0 |
0.2 |
|
Disposal-Securities under Equity Method |
- |
- |
0.7 |
1.0 |
- |
|
Decrease-Other Investment Assets |
- |
- |
36.8 |
0.8 |
7.2 |
|
Disposal-Construction in Progress |
- |
- |
0.8 |
- |
- |
|
Inc-ST Finl Assets |
- |
- |
-162.7 |
-87.6 |
-34.5 |
|
Inc-LT Finl Assets |
- |
- |
-13.2 |
-17.0 |
-5.0 |
|
Increase in ST Loans |
- |
- |
-180.6 |
-158.3 |
-10.7 |
|
Increase in LT Loans |
- |
- |
-7.8 |
-2.6 |
-1.6 |
|
Inc in Guarant Depos |
- |
- |
-41.5 |
-55.8 |
-29.8 |
|
Acq-Secs for Sale |
- |
- |
-17.4 |
-60.9 |
-10.9 |
|
Acq-Affiliates Stock |
- |
- |
-10.3 |
-7.0 |
-14.6 |
|
Increase-Securities Held to Maturities |
- |
- |
0.0 |
-42.9 |
- |
|
Increase-Other Investment Assets |
- |
- |
- |
-5.1 |
- |
|
Acquisition of Land |
- |
- |
-12.6 |
-16.5 |
-21.3 |
|
Acquis. of Building |
- |
- |
-36.1 |
-137.0 |
-23.1 |
|
Purch. of Structure |
- |
- |
-4.4 |
-8.5 |
-2.7 |
|
Purch. of Mach/Equip |
- |
- |
-113.7 |
-258.4 |
-134.7 |
|
Acq. of Trans Equip |
- |
- |
-3.2 |
-4.1 |
-3.3 |
|
Acq. in Tools/Suppl. |
- |
- |
-31.9 |
-33.7 |
-17.7 |
|
Inc. Const. In Prog |
- |
- |
-174.6 |
-342.3 |
-144.9 |
|
Inc-Equip.in Transit |
- |
- |
-9.2 |
-10.0 |
-30.8 |
|
Inc-Goodwill |
- |
- |
- |
- |
-27.9 |
|
Inc Industrial Right |
- |
- |
-1.4 |
-2.5 |
-1.8 |
|
Inc Facility Use Rgt |
- |
- |
- |
- |
-1.0 |
|
Acq-Other Intangible |
- |
- |
-12.0 |
-13.0 |
-9.9 |
|
Decreas in Other Receivables |
0.3 |
1.4 |
- |
- |
- |
|
Disposal of Other Financial Instruments |
140.5 |
97.5 |
- |
- |
- |
|
Disposal of Other Non-Current Financial |
0.1 |
0.0 |
- |
- |
- |
|
Decreas in LT Other Receivables |
26.2 |
201.4 |
- |
- |
- |
|
Disposal of Property, Plant and Equipmen |
21.2 |
31.0 |
- |
- |
- |
|
Disposal of Investment Properties |
0.1 |
37.5 |
- |
- |
- |
|
Disposal of Intangible Assets |
4.5 |
2.1 |
- |
- |
- |
|
Disposal of Investment Securities in Aff |
2.2 |
0.8 |
- |
- |
- |
|
Disposal of Other Non-CurrentAssets |
0.0 |
- |
- |
- |
- |
|
Increase in Other Receivables |
-83.3 |
-47.1 |
- |
- |
- |
|
Purchase of Other Financial Instruments |
-82.9 |
-56.6 |
- |
- |
- |
|
Purchase of Other Non-Current FinancialA |
-18.1 |
-34.9 |
- |
- |
- |
|
Increase in LT Other Receivables |
-72.1 |
-110.2 |
- |
- |
- |
|
Purchase of Property, Plant and Equipmen |
-962.7 |
-525.1 |
- |
- |
- |
|
Purchase of Investment Properties |
-2.1 |
-7.0 |
- |
- |
- |
|
Purchase of Intangible Assets |
-49.1 |
-33.4 |
- |
- |
- |
|
Purchase of Securies in Affiliates&Subsi |
-120.5 |
2.2 |
- |
- |
- |
|
Purchase of Other Non-CurrentAssets |
-9.8 |
-2.2 |
- |
- |
- |
|
Others |
-4.3 |
66.6 |
- |
- |
- |
|
Discontinued Business |
12.1 |
53.4 |
- |
- |
- |
|
Cash from Investing Activities |
-1,197.8 |
-322.5 |
-450.3 |
-844.3 |
-415.3 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
4,794.0 |
4,233.7 |
5,105.4 |
7,617.3 |
5,407.7 |
|
Inc in LT Borrowings |
- |
- |
168.3 |
465.2 |
320.0 |
|
Increase in Bonds |
- |
- |
527.2 |
746.3 |
461.9 |
|
Capital Increase |
8.2 |
0.4 |
105.9 |
- |
- |
|
Inc-Current Portion of LT Liabilities |
- |
- |
3.9 |
- |
- |
|
Issuance Common Stk |
- |
- |
- |
- |
2.3 |
|
Repay Curr LT Liabs |
- |
- |
-689.5 |
-472.9 |
-631.5 |
|
Repay ST Borrowings |
-4,692.1 |
-4,272.9 |
-5,189.1 |
-7,523.4 |
-5,468.8 |
|
Decrease-LT Borrowings |
- |
- |
-135.1 |
-37.6 |
- |
|
Redemption-Bond |
- |
- |
-7.8 |
-253.5 |
- |
|
Dividends Paid |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Inc due to Con Scope |
- |
- |
73.1 |
75.2 |
34.3 |
|
Increase in LT Borrowings&Bonds |
1,833.1 |
1,281.4 |
- |
- |
- |
|
Decrease in Investment in Subsidiaries |
9.7 |
- |
- |
- |
- |
|
Decrease in LT Borrowings&Bonds |
-417.7 |
-741.7 |
- |
- |
- |
|
Others |
72.4 |
-27.6 |
- |
- |
- |
|
Cash Flow from Discontinued Business, Fi |
48.7 |
-40.3 |
- |
- |
- |
|
Cash Outflow from Discontinued Operation |
-13.0 |
- |
- |
- |
- |
|
Cash from Financing Activities |
1,605.1 |
403.4 |
-57.9 |
593.2 |
108.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-1.0 |
- |
- |
- |
|
Net Change in Cash |
-86.7 |
174.2 |
-24.2 |
252.5 |
-49.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
562.0 |
364.3 |
375.6 |
183.1 |
266.6 |
|
Net Cash - Ending Balance |
475.3 |
538.5 |
351.4 |
435.6 |
216.8 |
|
Cash Interest Paid |
230.4 |
216.6 |
- |
- |
- |
|
Cash Taxes Paid |
146.7 |
76.9 |
- |
- |
- |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
30-Sep-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
9 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1095.603455 |
1101.856011 |
1120.28956 |
1164.307745 |
|
|
|
|
|
|
|
|
Net Income |
-9.0 |
63.0 |
193.8 |
-5.2 |
398.8 |
|
Depreciation |
372.6 |
305.1 |
195.4 |
99.6 |
274.3 |
|
Cash-Tax Paid |
-146.7 |
-138.7 |
-88.3 |
-55.7 |
-62.2 |
|
Cash-Interest Paid |
-230.4 |
-184.6 |
-103.3 |
-46.6 |
-144.4 |
|
Cash-Interest Received |
157.6 |
110.1 |
79.2 |
3.2 |
96.1 |
|
Dividends Received |
- |
1.6 |
1.6 |
0.0 |
1.4 |
|
Discontinued Operations-Operating Activi |
-58.0 |
-58.6 |
-58.3 |
- |
-42.1 |
|
Interest Income/Expense |
98.1 |
73.3 |
44.4 |
43.2 |
72.7 |
|
Gain/Loss on Foreign Currency Translatio |
60.2 |
64.9 |
12.4 |
16.0 |
-1.4 |
|
Gain/Loss on Derivatives Transaction |
12.8 |
46.0 |
-26.3 |
-12.3 |
-11.5 |
|
Gain/Loss on Tangible Assets&Intangible |
- |
-1.2 |
-1.7 |
-1.6 |
3.2 |
|
Bad Debt Expense&Other Bad Debt Expense |
- |
17.9 |
18.1 |
71.1 |
34.7 |
|
Impairment Losses on Property, Plant and |
- |
15.1 |
15.3 |
15.9 |
-2.5 |
|
Dividend Income |
- |
-1.6 |
-1.6 |
-1.5 |
-1.4 |
|
Retirement and Severance Benefits |
39.4 |
31.7 |
19.3 |
10.6 |
23.5 |
|
Recovery-Provisions |
- |
- |
2.0 |
5.5 |
- |
|
Provisions |
5.4 |
3.3 |
- |
-2.3 |
1.3 |
|
Gain/Loss under Equity Method |
- |
-39.6 |
-26.7 |
-14.4 |
-9.6 |
|
Others |
- |
14.5 |
19.8 |
0.3 |
6.6 |
|
Decrease or Increase in Long-term Trade |
- |
- |
- |
0.0 |
- |
|
Increase-Other Financial Assets |
- |
- |
- |
-10.1 |
- |
|
Decrease or Increase in Trade Receivable |
-401.2 |
-164.6 |
-184.5 |
-59.7 |
-244.9 |
|
Other Receivables |
-32.3 |
-76.4 |
-68.3 |
119.4 |
0.7 |
|
Other Assets |
-40.6 |
-119.0 |
-78.5 |
- |
33.6 |
|
Decrease-Other Financial Assets |
- |
18.3 |
7.3 |
- |
13.4 |
|
Decrease or Increase in Inventories |
-402.8 |
-509.8 |
-261.6 |
-174.8 |
-403.0 |
|
Inc-Overseas Business Translation Credit |
-0.4 |
-1.1 |
0.6 |
- |
0.0 |
|
Fianacial Assets |
- |
-231.2 |
-156.1 |
-24.3 |
-266.5 |
|
Derivative Assets |
- |
- |
- |
4.6 |
- |
|
Unclaimed Constructions |
- |
- |
- |
-32.4 |
- |
|
Other Current Assets |
- |
- |
- |
-49.8 |
- |
|
Payment for Retirement and Severance Ben |
-9.7 |
-5.4 |
-6.7 |
-4.5 |
-6.4 |
|
Decrease or Increase Deposits for Retire |
- |
- |
- |
1.9 |
- |
|
Increase or Decrease in Trade Payables |
14.8 |
72.8 |
192.6 |
19.2 |
468.3 |
|
Other Payable |
380.6 |
175.4 |
96.8 |
-83.9 |
29.3 |
|
Other Non-current Payables |
- |
- |
- |
0.6 |
- |
|
Gross Amount Due to Customers for Contra |
- |
- |
- |
28.0 |
- |
|
Other Current Liabilities |
- |
- |
- |
45.8 |
- |
|
Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Decrease-Other Financial Liabilities |
-5.5 |
62.3 |
-10.0 |
- |
37.0 |
|
Payment-Defect Repair Expense |
-7.2 |
-5.2 |
-3.9 |
- |
-2.3 |
|
Cumulative Assets outside Company |
- |
-4.6 |
-1.4 |
- |
0.7 |
|
Other Operating Assets & Liabilities |
-54.1 |
-29.6 |
-18.7 |
- |
-8.5 |
|
Cash-Dividend Income |
1.6 |
- |
- |
- |
- |
|
Loss on Sale of Tangible Assets, Intangi |
2.3 |
- |
- |
- |
- |
|
Gain on Sale of Tangible Assets, Intangi |
-3.2 |
- |
- |
- |
- |
|
Loss on Reduction of Tangible Assets, In |
26.3 |
- |
- |
- |
- |
|
Recovery of Loss on Reduction of Tangibl |
0.0 |
- |
- |
- |
- |
|
Allowance for Doubtful Accounts&Expenses |
0.2 |
- |
- |
- |
- |
|
Recovery of Allowance for Doubtful Accou |
-3.9 |
- |
- |
- |
- |
|
Loss on Disposal of Financial Assets |
1.0 |
- |
- |
- |
- |
|
Gain on Disposal of Financial Assets |
-21.3 |
- |
- |
- |
- |
|
Loss on Reduction of Financial Assets |
125.4 |
- |
- |
- |
- |
|
Loss on Valuation of Financial Assets |
6.5 |
- |
- |
- |
- |
|
Dividend Income |
-1.6 |
- |
- |
- |
- |
|
Loss on Disposal of Trade Receivables |
2.1 |
- |
- |
- |
- |
|
Gain/Loss under Equity Method |
-43.5 |
- |
- |
- |
- |
|
Other Non-Cash Items |
1.8 |
- |
- |
- |
- |
|
Unbilled Constructions |
-2.6 |
- |
- |
- |
- |
|
Other Financial Assets |
17.7 |
- |
- |
- |
- |
|
Increase-Financial Assets |
-308.0 |
- |
- |
- |
- |
|
Payment of Plan Assets |
-37.9 |
- |
- |
- |
- |
|
Retirement and Severance Benefits Liabil |
-0.4 |
- |
- |
- |
- |
|
Cash from Operating Activities |
-493.9 |
-495.9 |
-197.6 |
-94.5 |
288.9 |
|
|
|
|
|
|
|
|
Decrease-Other Financial Assets |
140.5 |
73.5 |
41.8 |
0.5 |
41.3 |
|
Increase-Other LT Receivables |
-72.1 |
-45.6 |
17.5 |
10.2 |
-77.3 |
|
Proceeds from Sale of Investment Propert |
0.1 |
0.1 |
0.1 |
1.6 |
23.5 |
|
Decrease-Intangible Assets |
4.5 |
4.6 |
4.4 |
0.8 |
2.1 |
|
Proceeds from Sale of Investment in Affi |
- |
- |
- |
3.8 |
- |
|
Purchase of Other LT Financial Assets |
-18.1 |
-1.0 |
-0.9 |
-0.2 |
-3.5 |
|
Increase-Other Financial Assets |
-82.9 |
-80.1 |
-50.3 |
-9.3 |
-36.1 |
|
Decrease-Other LT Receivables |
- |
20.2 |
-37.1 |
-19.5 |
46.2 |
|
Purchase of Property, Plant and Equipmen |
-962.7 |
-738.4 |
-456.1 |
-175.2 |
-454.9 |
|
Purchase of Investment Properties |
-2.1 |
-1.3 |
-1.3 |
- |
-1.9 |
|
Purchase of Intangible Assets |
-49.1 |
-29.4 |
-4.2 |
-2.8 |
-9.1 |
|
Increase in Other Receivables |
-83.3 |
-82.4 |
-91.0 |
-50.9 |
-23.5 |
|
Others |
-4.3 |
-17.4 |
85.9 |
35.4 |
7.0 |
|
Decreas in Other Receivables |
0.3 |
0.4 |
17.1 |
- |
19.5 |
|
Proceeds from Sale of Other LT Financial |
0.1 |
0.1 |
0.1 |
11.6 |
0.0 |
|
Proceeds from Sale of Property Plant and |
21.2 |
64.4 |
59.5 |
52.2 |
69.1 |
|
Decrease in Investment in Subsidiaries & |
2.2 |
12.1 |
12.3 |
- |
0.7 |
|
Increase in Investment in Subsidiaries & |
-120.5 |
-18.1 |
-11.7 |
- |
2.2 |
|
Increase-Other Non-Current Assets |
-9.8 |
-1.2 |
-0.5 |
- |
-1.9 |
|
Cash Flows-Discontinued Business, Invest |
12.1 |
12.6 |
12.5 |
- |
3.6 |
|
Purchase of Long-term Financial Instrume |
- |
-0.1 |
- |
- |
-0.2 |
|
Decreas in LT Other Receivables |
26.2 |
- |
- |
- |
- |
|
Disposal of Other Non-CurrentAssets |
0.0 |
- |
- |
- |
- |
|
Cash from Investing Activities |
-1,197.8 |
-827.2 |
-402.0 |
-141.7 |
-393.2 |
|
|
|
|
|
|
|
|
ST Borrowings |
4,794.0 |
3,949.3 |
2,467.3 |
488.7 |
2,451.0 |
|
Proceeds from Long-term Borrowings |
- |
- |
- |
252.2 |
- |
|
Repayments of Long-term Borrowings |
- |
- |
- |
-243.3 |
- |
|
Others |
72.4 |
51.8 |
-81.2 |
-19.5 |
-43.5 |
|
Increase LT Borrowings&Bond |
1,833.1 |
1,276.5 |
734.0 |
- |
689.2 |
|
Capital Increase |
8.2 |
8.1 |
8.6 |
- |
- |
|
Repayments of Short-term Borrowings |
-4,692.1 |
-3,597.6 |
-2,381.9 |
- |
-2,355.5 |
|
Decrease LT Borrowings&Bond |
-417.7 |
-308.7 |
-118.8 |
- |
-464.7 |
|
Payments in Dividends |
-38.2 |
-38.5 |
-38.5 |
- |
-29.4 |
|
Cash Flows-Discontinued Business, Financ |
48.7 |
50.2 |
48.9 |
- |
-68.1 |
|
Cash Outflow-Discontinued Business, Fina |
-13.0 |
-13.2 |
-13.1 |
- |
- |
|
Decrease in Investment in Subsidiaries |
9.7 |
- |
- |
- |
- |
|
Cash from Financing Activities |
1,605.1 |
1,378.1 |
625.3 |
478.1 |
178.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-1.1 |
0.4 |
5.9 |
0.0 |
|
Net Change in Cash |
-86.7 |
53.9 |
26.1 |
247.8 |
74.6 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalent at Beginning |
562.0 |
568.3 |
565.1 |
555.8 |
393.5 |
|
Cash and Cash Equivalent at End |
475.3 |
622.2 |
591.2 |
803.5 |
468.2 |
|
Cash Interest Paid |
230.4 |
184.6 |
103.3 |
46.6 |
144.4 |
|
Cash Taxes Paid |
146.7 |
138.7 |
88.3 |
55.7 |
62.2 |
Geographic Segments
Financials in: As Reported (mil)
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Geographic Segments
Financials in: As Reported (mil)
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Business Segments
Financials in: As Reported (mil)
|
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Business Segments
Financials in: As Reported (mil)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
|
UK Pound |
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.67.65 |
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.