MIRA
INFORM REPORT
|
Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
WOONGJIN CHEMICAL CO., LTD. |
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Registered Office : |
287, Gongdan-Dong Gumi, 730030 |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.07.1972 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Subject engaged in the production and supply of polyester fibers and related products. |
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No. of Employees : |
1,178 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
COMPANY NAME AND ADDRESS
WOONGJIN
CHEMICAL CO., LTD.
287, Gongdan-Dong
Gumi, 730030
Korea, Republic of
Tel: 82-54-4694114
Fax: 82-2-32797062
Website: www.wjchemical.com
Employees: 1,178
Company Type: Public
Subsidiary
Corporate Family: 9
Companies
Ultimate Parent: Woongjin
Thinkbig Co., Ltd.
Traded: Korea
Stock Exchange: 008000
Incorporation Date: 01-Jul-1972
Auditor: Deloitte &
Touche LLP
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: South
Korean Won
Annual Sales: 1,052.6
1
Net Income: 7.5
Total Assets: 673.1
2
Market Value: 282.7
(27-Jul-2012)
Business Description
Woongjin Chemical Co., Ltd. is a Korean company engaged in the production and supply of polyester fibers and related products. The Company’s products consist of polyester filaments, such as functional yarns, stretch yarns, micro yarns, wool like yarns, silk link yarns, linen like yarns, cotton like yarns, rayon like yarns and melange looking yarns; polyester staple fibers, such as specialized fibers, nonwoven fibers, hygiene fibers, spinning fibers and regular fibers; chips, such as polyethylen terephthalate (PET), flame retardants and others; textiles under the brand names of eslontex, evica, purimax, ESFRON and ecowin; chemical sheets, such as PET sheets used as food packaging, blister, box packaging and other materials, as well as optical materials and others. For the fiscal year ended 31 December 2010, WOONGJIN CHEMICAL CO., LTD.'s total revenues increased 14% to W954.17B. Net income totaled W60.20B, up from W10.10B. Revenues reflect increased domestic and foreign demands for filters. Net income also benefited from increased gain under equity method, increased gain on sale of tangible assets, decreased interest expense, decreased loss on foreign currency transaction.
Industry
|
Industry |
Textiles - Non Apparel |
|
ANZSIC 2006: |
1312 - Natural Textile Manufacturing |
|
NACE 2002: |
171 - Preparation and spinning of textile fibres |
|
NAICS 2002: |
313112 - Yarn Texturing, Throwing, and Twisting Mills |
|
UK SIC 2003: |
171 - Preparation and spinning of textile fibres |
|
US SIC 1987: |
2282 - Yarn Texturizing, Throwing, Twisting, and Winding Mills |
Key Executives
|
Name |
Title |
|
Chan Gu Park |
Chief Executive Officer, Managing
Director, Director |
|
Ji Yong Ahn |
Internal Auditor |
|
K. U. Park |
President & CEO |
|
Min Ki Lee |
Auditor |
|
Jung Hoon Kim |
Managing Director-Business Development |
Significant Developments
|
Topic |
#* |
Most Recent
Headline |
Date |
|
Other Earnings Pre-Announcement |
1 |
WOONGJIN CHEMICAL CO.,LTD Revises FY 2011
Outlook |
28-Dec-2011 |
|
Equity Investments |
1 |
WOONGJIN HOLDINGS CO., LTD. to Acquire
Stake in WOONGJIN CHEMICAL CO.,LTD from Woongjin Coway Co., Ltd. |
30-May-2012 |
|
Debt Financing / Related |
1 |
WOONGJIN CHEMICAL CO.,LTD Decides Issuance
of Commercial Paper |
18-Apr-2012 |
|
Positive Earnings Pre-Announcement |
1 |
WOONGJIN CHEMICAL CO.,LTD Issues FY 2012
Outlook Above Analysts' Estimates |
14-Feb-2012 |
|
Share Repurchases |
1 |
WOONGJIN CHEMICAL CO.,LTD to Retire Shares |
23-Nov-2011 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Australia:
Woongjin Chemical Receives Patent for 'Fabric for sun screen including dope
dyed fiber' |
29-Feb-2012 |
|
Australia:
Woongjin Chemical, Youil Receive Patent for '3D fabric and preparing thereof' |
13-Jan-2012 |
|
Australia:
Woongjin Chemical and Youil Receive Patent for '3D fabric and preparing
thereof' |
6-Sep-2011 |
Financial Summary
As of 31-Dec-2011
|
Key Ratios |
Company |
Industry |
|
Sales 5 Year Growth |
9.29 |
-1.82 |
Stock Snapshot
|
Traded: Korea Stock Exchange: 008000 |
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As of 27-Jul-2012 Financials in: KRW |
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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
Location
287, Gongdan-Dong
Gumi, 730030
Korea, Republic of
Tel:82-54-4694114
Fax:82-2-32797062
Website: www.wjchemical.com
Quote Symbol - Exchange
008000 - Korea Stock Exchange
Sales KRW(mil): 1,166,196.6
Assets KRW(mil): 775,405.2
Employees: 1,178
Fiscal Year End: 31-Dec-2011
Industry: Textiles - Non Apparel
Incorporation Date: 01-Jul-1972
Company Type: Public
Subsidiary
Quoted Status: Quoted
Previous Name: Saehan Industries Inc
Chief Executive Officer, Managing
Director, Director: Chan Gu Park
Industry
Codes
|
ANZSIC 2006 Codes: |
||
|
1899 |
- |
Other Basic Chemical Product Manufacturing Not Elsewhere Classified |
|
1829 |
- |
Other Basic Polymer Manufacturing |
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1912 |
- |
Rigid and Semi-Rigid Polymer Product Manufacturing |
|
1332 |
- |
Rope, Cordage and Twine Manufacturing |
|
1312 |
- |
Natural Textile Manufacturing |
|
NACE 2002 Codes: |
||
|
1754 |
- |
Manufacture of other textiles not elsewhere classified |
|
171 |
- |
Preparation and spinning of textile fibres |
|
2521 |
- |
Manufacture of plastic plates, sheets, tubes and profiles |
|
2470 |
- |
Manufacture of man-made fibres |
|
2466 |
- |
Manufacture of other chemical products not elsewhere classified |
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NAICS 2002 Codes: |
||
|
314999 |
- |
All Other Miscellaneous Textile Product Mills |
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326130 |
- |
Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing |
|
325998 |
- |
All Other Miscellaneous Chemical Product and Preparation Manufacturing |
|
313112 |
- |
Yarn Texturing, Throwing, and Twisting Mills |
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325222 |
- |
Noncellulosic Organic Fiber Manufacturing |
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NAICS 2002 Codes: |
||
|
314999 |
- |
All Other Miscellaneous Textile Product Mills |
|
326130 |
- |
Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing |
|
325998 |
- |
All Other Miscellaneous Chemical Product and Preparation Manufacturing |
|
313112 |
- |
Yarn Texturing, Throwing, and Twisting Mills |
|
325222 |
- |
Noncellulosic Organic Fiber Manufacturing |
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US SIC 1987: |
||
|
2824 |
- |
Manmade Organic Fibers, Except Cellulosic |
|
2299 |
- |
Textile goods, Not Elsewhere Classified |
|
2282 |
- |
Yarn Texturizing, Throwing, Twisting, and Winding Mills |
|
3083 |
- |
Laminated Plastics Plate, Sheet, and Profile Shapes |
|
2899 |
- |
Chemicals and Chemical Preparations, Not Elsewhere Classified |
|
UK SIC 2003: |
||
|
2521 |
- |
Manufacture of plastic plates, sheets, tubes and profiles |
|
2470 |
- |
Manufacture of man-made fibres |
|
2466 |
- |
Manufacture of other chemical products not elsewhere classified |
|
17549 |
- |
Manufacture of other textiles not elsewhere classified |
|
171 |
- |
Preparation and spinning of textile fibres |
Business
Description
Woongjin Chemical Co., Ltd. is a Korean company engaged in the production and supply of polyester fibers and related products. The Company’s products consist of polyester filaments, such as functional yarns, stretch yarns, micro yarns, wool like yarns, silk link yarns, linen like yarns, cotton like yarns, rayon like yarns and melange looking yarns; polyester staple fibers, such as specialized fibers, nonwoven fibers, hygiene fibers, spinning fibers and regular fibers; chips, such as polyethylen terephthalate (PET), flame retardants and others; textiles under the brand names of eslontex, evica, purimax, ESFRON and ecowin; chemical sheets, such as PET sheets used as food packaging, blister, box packaging and other materials, as well as optical materials and others. For the fiscal year ended 31 December 2010, WOONGJIN CHEMICAL CO., LTD.'s total revenues increased 14% to W954.17B. Net income totaled W60.20B, up from W10.10B. Revenues reflect increased domestic and foreign demands for filters. Net income also benefited from increased gain under equity method, increased gain on sale of tangible assets, decreased interest expense, decreased loss on foreign currency transaction.
More Business Descriptions
Manufacture and export of synthetic textiles, including rayon, polyester and mixed fabrics; sale of base film for video tapes
Chemicals & Textiles Mfr & Distr
Artificial and Synthetic Fibers and Filaments Manufacturing
Financial
Data
|
Financials in: |
KRW(mil) |
1 Year Growth |
|
Revenue: |
1,166,196.6 |
19.7% |
|
Net Income: |
8,268.7 |
-87.2% |
|
Assets: |
775,405.2 |
5.2% |
|
Long Term Debt: |
145,520.7 |
|
|
Total Liabilities: |
467,741.5 |
|
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Working Capital: |
-121.2 |
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|
Date of Financial Data: |
31-Dec-2011 |
Market
Data
Quote Symbol: 008000
Exchange: Korea Stock Exchange
Currency: KRW
Stock Price: 699.0
Stock Price Date: 07-27-2012
52 Week Price Change %:-44.5
Market Value (mil): 324,083,296.0
SEDOL: 6189776
ISIN: KR7008000002
Equity and Dept Distribution
All financials are consolidated. 2/04, 1-for-3 share reduction. FY'05 is updated with amended financials (C/F is not amended). 04/08, Name changed from SAEHAN INDUSTRIES INC. 05/09 1-for-10 Share Split.
Shareholders
Major Shareholders
Woongjin ThinkBig Co Ltd
Key Corporate Relationships
Auditor: Deloitte & Touche LLP
Auditor: Deloitte & Touche LLP
Corporate
Structure News
Total Corporate Family Members: 9
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Paju |
Korea, Republic of |
Printing and Publishing |
783.2 |
2,382 |
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|
Subsidiary |
Gumi |
Korea, Republic of |
Textiles - Non Apparel |
1,052.6 |
1,178 |
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|
Subsidiary |
Shanghai |
China |
Textiles - Non Apparel |
|
20 |
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|
Subsidiary |
Jakarta |
Indonesia |
Textiles - Non Apparel |
|
6 |
|
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Facility |
Gongju, Chungcheongnam-do |
Korea, Republic of |
Textiles - Non Apparel |
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Facility |
Gumi, Gyeongsangbuk-do |
Korea, Republic of |
Textiles - Non Apparel |
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Subsidiary |
Seoul |
Korea, Republic of |
Schools |
73.7 |
267 |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Printing and Publishing |
|
80 |
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Printing and Publishing |
9.1 |
62 |
Board of Directors
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Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Chief Executive Officer, Managing
Director, Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Executives
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Chief Executive Officer, Managing Director,
Director |
Chief Executive Officer |
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President & Chief Executive Officer |
Chief Executive Officer |
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President & Ceo |
Chief Executive Officer |
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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-Factory |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director-Business Development |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director-Environment |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Chief Operating Officer |
Operations Executive |
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Auditor |
Finance Executive |
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Internal Auditor |
Accounting Executive |
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Director-Business-Cotton |
Other |
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Significant Developments
WOONGJIN HOLDINGS CO., LTD. to Acquire Stake in WOONGJIN CHEMICAL CO.,LTD from Woongjin Coway Co., Ltd.
May 30, 2012
WOONGJIN HOLDINGS CO., LTD. announced that it will acquire 214,644,092 shares
of WOONGJIN CHEMICAL CO.,LTD, for KRW 178,154,596,360, from Woongjin Coway Co.,
Ltd., representing a 46.3% stake, to maximize performance of WOONGJIN CHEMICAL.
The expected transaction settlement date is July 27, 2012.
WOONGJIN CHEMICAL CO.,LTD Decides Issuance of Commercial Paper
Apr 18, 2012
WOONGJIN CHEMICAL CO.,LTD announced that it has decided to issue KRW 40 billion
worth of commercial paper, to secure facilities investment capital.
WOONGJIN CHEMICAL CO.,LTD Issues FY 2012 Outlook Above Analysts' Estimates
Feb 14, 2012
WOONGJIN CHEMICAL CO.,LTD announced that it expects its fiscal year 2012
revenue and operating profit to record KRW 1,200 billion and KRW 60 billion.
According to I/B/E/S, analysts on average are expecting the Company to report
revenue of KRW 1,066 billion for fiscal year 2012.
WOONGJIN CHEMICAL CO.,LTD Revises FY 2011 Outlook
Dec 28, 2011
WOONGJIN CHEMICAL CO.,LTD announced that it has revised its fiscal year 2011
revenue and operating profit to record KRW 1,070 billion and KRW 15.7 billion,
respectively. The Company previously, on February 9, 2011, expected fiscal year
2011 revenue and operating profit to record KRW 1,007.5 billion and KRW 62.5
billion.
WOONGJIN CHEMICAL CO.,LTD to Retire Shares
Nov 23, 2011
WOONGJIN CHEMICAL CO.,LTD announced that its Board of Directors has authorized
the Company to repurchase 10,823,000 common shares worth KRW 10,000,452,000 and
cancel the repurchased shares.
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 |
Restated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
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|
Net Sales |
1,050.0 |
841.9 |
656.1 |
798.1 |
831.9 |
|
Revenue |
1,050.0 |
841.9 |
656.1 |
798.1 |
831.9 |
|
Other Revenue |
2.7 |
0.4 |
- |
- |
- |
|
Other Revenue, Total |
2.7 |
0.4 |
- |
- |
- |
|
Total Revenue |
1,052.6 |
842.3 |
656.1 |
798.1 |
831.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
923.3 |
721.2 |
569.4 |
700.8 |
763.1 |
|
Cost of Revenue, Total |
923.3 |
721.2 |
569.4 |
700.8 |
763.1 |
|
Gross Profit |
126.7 |
120.7 |
86.7 |
97.3 |
68.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
56.8 |
46.9 |
38.9 |
40.5 |
42.6 |
|
Labor & Related Expense |
18.7 |
17.1 |
15.1 |
14.9 |
15.1 |
|
Advertising Expense |
4.7 |
3.2 |
3.3 |
3.8 |
0.9 |
|
Total Selling/General/Administrative Expenses |
80.2 |
67.2 |
57.3 |
59.1 |
58.5 |
|
Research & Development |
9.2 |
9.2 |
8.3 |
6.6 |
4.8 |
|
Depreciation |
1.5 |
1.0 |
0.3 |
0.4 |
0.5 |
|
Amortization of Intangibles |
0.9 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Depreciation/Amortization |
2.4 |
1.4 |
0.6 |
0.6 |
0.8 |
|
Investment Income -
Operating |
2.9 |
1.9 |
- |
- |
- |
|
Interest/Investment Income - Operating |
2.9 |
1.9 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
2.9 |
1.9 |
- |
- |
- |
|
Impairment-Assets Held for Use |
21.2 |
3.4 |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
0.3 |
0.5 |
- |
- |
- |
|
Unusual Expense (Income) |
21.5 |
3.9 |
- |
- |
- |
|
Other Operating Expense |
1.3 |
0.9 |
- |
- |
- |
|
Other, Net |
-1.5 |
-1.6 |
- |
- |
- |
|
Other Operating Expenses, Total |
-0.2 |
-0.8 |
- |
- |
- |
|
Total Operating Expense |
1,039.3 |
804.0 |
635.6 |
767.2 |
827.2 |
|
|
|
|
|
|
|
|
Operating Income |
13.4 |
38.3 |
20.5 |
31.0 |
4.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-12.0 |
-13.6 |
-12.3 |
-15.0 |
-25.9 |
|
Interest Capitalized -
Non-Operating |
0.5 |
0.5 |
- |
- |
- |
|
Interest Expense, Net Non-Operating |
-11.5 |
-13.2 |
-12.3 |
-15.0 |
-25.9 |
|
Interest Income -
Non-Operating |
1.0 |
3.7 |
1.7 |
2.3 |
3.4 |
|
Investment Income -
Non-Operating |
0.8 |
0.2 |
2.3 |
-17.8 |
-7.8 |
|
Interest/Investment Income - Non-Operating |
1.9 |
3.8 |
4.0 |
-15.5 |
-4.4 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-9.6 |
-9.3 |
-8.3 |
-30.5 |
-30.3 |
|
Gain (Loss) on Sale of Assets |
- |
- |
-1.9 |
-5.4 |
-0.5 |
|
Other Non-Operating Income (Expense) |
0.0 |
-1.2 |
0.6 |
5.1 |
-31.9 |
|
Other, Net |
0.0 |
-1.2 |
0.6 |
5.1 |
-31.9 |
|
Income Before Tax |
3.7 |
27.7 |
11.0 |
0.2 |
-58.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
-2.5 |
-16.3 |
2.2 |
0.5 |
0.5 |
|
Income After Tax |
6.3 |
44.0 |
8.8 |
-0.3 |
-58.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
0.2 |
0.0 |
-0.1 |
0.0 |
|
Net Income Before Extraord Items |
5.9 |
44.2 |
8.8 |
-0.4 |
-58.5 |
|
Discontinued Operations |
1.5 |
0.1 |
-0.9 |
-1.5 |
-4.7 |
|
Total Extraord Items |
1.5 |
0.1 |
-0.9 |
-1.5 |
-4.7 |
|
Net Income |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
5.9 |
44.2 |
8.8 |
-0.4 |
-58.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
472.0 |
474.4 |
470.9 |
470.3 |
470.3 |
|
Basic EPS Excl Extraord Items |
0.01 |
0.09 |
0.02 |
0.00 |
-0.12 |
|
Basic/Primary EPS Incl Extraord Items |
0.02 |
0.09 |
0.02 |
0.00 |
-0.13 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
Diluted Weighted Average Shares |
472.0 |
474.4 |
470.9 |
470.3 |
470.3 |
|
Diluted EPS Excl Extraord Items |
0.01 |
0.09 |
0.02 |
0.00 |
-0.12 |
|
Diluted EPS Incl Extraord Items |
0.02 |
0.09 |
0.02 |
0.00 |
-0.13 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
11.5 |
13.2 |
12.3 |
15.0 |
25.9 |
|
Interest Capitalized, Supplemental |
-0.5 |
-0.5 |
0.0 |
-0.3 |
-0.1 |
|
Depreciation, Supplemental |
27.4 |
23.7 |
22.4 |
28.9 |
49.5 |
|
Total Special Items |
21.5 |
3.9 |
1.9 |
5.4 |
0.5 |
|
Normalized Income Before Tax |
25.2 |
31.6 |
12.8 |
5.6 |
-57.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
7.5 |
1.4 |
0.4 |
1.9 |
0.2 |
|
Inc Tax Ex Impact of Sp Items |
5.0 |
-14.9 |
2.5 |
2.4 |
0.7 |
|
Normalized Income After Tax |
20.2 |
46.5 |
10.3 |
3.2 |
-58.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
19.9 |
46.7 |
10.3 |
3.1 |
-58.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.04 |
0.10 |
0.02 |
0.01 |
-0.12 |
|
Diluted Normalized EPS |
0.04 |
0.10 |
0.02 |
0.01 |
-0.12 |
|
Amort of Intangibles, Supplemental |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
|
Rental Expenses |
3.5 |
3.0 |
2.0 |
1.9 |
2.5 |
|
Advertising Expense, Supplemental |
4.7 |
3.2 |
3.3 |
3.8 |
0.9 |
|
Research & Development Exp, Supplemental |
9.2 |
9.2 |
8.3 |
6.6 |
4.8 |
|
Normalized EBIT |
37.7 |
44.0 |
20.5 |
31.0 |
4.7 |
|
Normalized EBITDA |
66.0 |
68.2 |
43.3 |
60.3 |
54.5 |
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
49.9 |
81.2 |
65.8 |
23.6 |
42.6 |
|
Short Term Investments |
0.1 |
0.0 |
10.0 |
1.4 |
6.4 |
|
Cash and Short Term Investments |
50.0 |
81.2 |
75.8 |
25.0 |
49.1 |
|
Accounts Receivable -
Trade, Gross |
- |
- |
83.6 |
89.1 |
104.5 |
|
Provision for Doubtful
Accounts |
- |
- |
-5.0 |
-3.6 |
-5.3 |
|
Trade Accounts Receivable - Net |
128.0 |
117.8 |
78.8 |
85.7 |
99.9 |
|
Other Receivables |
9.0 |
7.8 |
7.5 |
10.9 |
8.8 |
|
Total Receivables, Net |
137.0 |
125.5 |
86.4 |
96.6 |
108.7 |
|
Inventories - Finished Goods |
41.9 |
35.3 |
28.3 |
26.0 |
34.0 |
|
Inventories - Work In Progress |
36.1 |
28.4 |
22.9 |
20.1 |
31.5 |
|
Inventories - Raw Materials |
23.0 |
15.6 |
20.1 |
18.8 |
24.8 |
|
Inventories - Other |
14.6 |
8.5 |
1.4 |
2.2 |
2.0 |
|
Total Inventory |
115.6 |
87.8 |
72.8 |
67.2 |
92.3 |
|
Prepaid Expenses |
4.8 |
3.1 |
0.8 |
1.0 |
1.4 |
|
Other Current Assets |
0.0 |
0.0 |
1.4 |
1.1 |
1.3 |
|
Other Current Assets, Total |
0.0 |
0.0 |
1.4 |
1.1 |
1.3 |
|
Total Current Assets |
307.3 |
297.7 |
237.1 |
191.0 |
252.8 |
|
|
|
|
|
|
|
|
Buildings |
141.5 |
135.7 |
134.7 |
124.4 |
142.5 |
|
Land/Improvements |
63.0 |
62.4 |
78.4 |
73.8 |
104.0 |
|
Machinery/Equipment |
531.5 |
507.3 |
474.3 |
431.8 |
537.8 |
|
Construction in
Progress |
24.8 |
33.0 |
16.0 |
4.1 |
8.7 |
|
Other Property/Plant/Equipment |
0.2 |
0.2 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
761.1 |
738.6 |
703.4 |
634.1 |
793.0 |
|
Accumulated Depreciation |
-455.3 |
-437.7 |
-420.5 |
-374.1 |
-455.6 |
|
Property/Plant/Equipment - Net |
305.7 |
300.9 |
282.9 |
260.0 |
337.4 |
|
Intangibles, Net |
26.1 |
20.1 |
2.9 |
2.0 |
2.8 |
|
LT Investment - Affiliate Companies |
4.3 |
3.9 |
7.1 |
9.1 |
10.1 |
|
LT Investments - Other |
6.1 |
8.0 |
6.7 |
4.4 |
44.7 |
|
Long Term Investments |
10.4 |
11.9 |
13.8 |
13.5 |
54.8 |
|
Note Receivable - Long Term |
7.5 |
6.7 |
0.0 |
1.4 |
1.8 |
|
Deferred Income Tax - Long Term Asset |
15.8 |
12.4 |
0.4 |
1.9 |
2.1 |
|
Other Long Term Assets |
0.2 |
0.1 |
4.2 |
2.6 |
2.1 |
|
Other Long Term Assets, Total |
16.1 |
12.5 |
4.7 |
4.5 |
4.1 |
|
Total Assets |
673.1 |
649.7 |
541.3 |
472.2 |
653.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
87.6 |
107.8 |
90.3 |
40.4 |
40.1 |
|
Accrued Expenses |
0.2 |
0.0 |
6.5 |
8.5 |
7.9 |
|
Notes Payable/Short Term Debt |
90.4 |
82.7 |
34.3 |
16.2 |
42.6 |
|
Current Portion - Long Term Debt/Capital Leases |
26.4 |
30.9 |
24.0 |
15.1 |
236.0 |
|
Customer Advances |
4.0 |
4.7 |
2.6 |
1.2 |
1.5 |
|
Security Deposits |
- |
- |
2.7 |
2.5 |
3.7 |
|
Income Taxes Payable |
0.5 |
0.1 |
0.1 |
0.4 |
- |
|
Other Payables |
49.7 |
43.7 |
24.5 |
26.8 |
41.2 |
|
Other Current Liabilities |
3.8 |
4.5 |
2.2 |
1.3 |
9.3 |
|
Other Current liabilities, Total |
58.0 |
53.0 |
32.0 |
32.3 |
55.6 |
|
Total Current Liabilities |
262.5 |
274.4 |
187.2 |
112.4 |
382.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
126.3 |
84.0 |
101.0 |
133.9 |
5.4 |
|
Capital Lease Obligations |
0.0 |
- |
- |
- |
- |
|
Total Long Term Debt |
126.3 |
84.0 |
101.0 |
133.9 |
5.4 |
|
Total Debt |
243.1 |
197.6 |
159.4 |
165.2 |
283.9 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.1 |
0.0 |
- |
- |
- |
|
Deferred Income Tax |
0.1 |
0.0 |
- |
- |
- |
|
Minority Interest |
2.0 |
1.6 |
1.4 |
2.2 |
1.8 |
|
Reserves |
0.4 |
0.5 |
0.3 |
0.1 |
0.2 |
|
Pension Benefits - Underfunded |
9.0 |
8.9 |
18.0 |
18.2 |
22.1 |
|
Other Long Term Liabilities |
5.7 |
6.1 |
3.9 |
0.3 |
- |
|
Other Liabilities, Total |
15.1 |
15.6 |
22.3 |
18.6 |
22.4 |
|
Total Liabilities |
406.0 |
375.6 |
311.9 |
267.1 |
411.8 |
|
|
|
|
|
|
|
|
Common Stock |
205.9 |
209.0 |
203.7 |
186.7 |
251.3 |
|
Common Stock |
205.9 |
209.0 |
203.7 |
186.7 |
251.3 |
|
Additional Paid-In Capital |
- |
- |
37.1 |
30.3 |
40.7 |
|
Retained Earnings (Accumulated Deficit) |
69.0 |
64.1 |
-21.9 |
-28.2 |
-58.5 |
|
Treasury Stock - Common |
- |
- |
0.0 |
0.0 |
0.0 |
|
Unrealized Gain (Loss) |
-0.1 |
-0.1 |
-0.7 |
-13.5 |
-2.5 |
|
Translation Adjustment |
0.3 |
-0.3 |
11.2 |
24.8 |
4.3 |
|
Other Equity |
-6.7 |
2.7 |
- |
5.1 |
6.8 |
|
Other Comprehensive Income |
-1.5 |
-1.3 |
- |
- |
- |
|
Other Equity, Total |
-7.8 |
1.1 |
11.2 |
29.9 |
11.1 |
|
Total Equity |
267.1 |
274.1 |
229.4 |
205.1 |
242.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
673.1 |
649.7 |
541.3 |
472.2 |
653.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
474.5 |
474.4 |
474.4 |
470.3 |
470.3 |
|
Total Common Shares Outstanding |
474.5 |
474.4 |
474.4 |
470.3 |
470.3 |
|
Treasury Shares - Common Stock Primary Issue |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
1,178 |
1,028 |
1,047 |
1,095 |
1,086 |
|
Number of Common Shareholders |
- |
19,045 |
17,542 |
6,348 |
5,812 |
|
Accumulated Intangible Amort, Suppl. |
3.1 |
2.3 |
1.4 |
1.0 |
0.9 |
|
Deferred Revenue - Current |
4.0 |
4.7 |
2.6 |
1.2 |
1.5 |
|
Total Long Term Debt, Supplemental |
153.0 |
- |
117.5 |
147.9 |
236.0 |
|
Long Term Debt Maturing within 1 Year |
26.4 |
- |
17.3 |
15.1 |
236.0 |
|
Long Term Debt Maturing in Year 2 |
42.6 |
- |
21.6 |
15.9 |
- |
|
Long Term Debt Maturing in Year 3 |
74.3 |
- |
25.9 |
20.0 |
- |
|
Long Term Debt Maturing in Year 4 |
3.5 |
- |
51.2 |
24.0 |
- |
|
Long Term Debt Maturing in Year 5 |
1.2 |
- |
0.2 |
71.6 |
- |
|
Long Term Debt Maturing in 2-3 Years |
116.9 |
- |
47.6 |
35.9 |
- |
|
Long Term Debt Maturing in 4-5 Years |
4.7 |
- |
51.4 |
95.6 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
5.0 |
- |
1.2 |
1.3 |
0.0 |
|
Interest Costs |
0.0 |
- |
- |
- |
- |
|
Total Capital Leases, Supplemental |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
- |
- |
- |
- |
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 |
Updated 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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting
Line |
7.8 |
44.1 |
7.9 |
-1.9 |
-63.2 |
|
Depreciation |
27.4 |
23.7 |
22.4 |
28.9 |
50.7 |
|
Depreciation/Depletion |
27.4 |
23.7 |
22.4 |
28.9 |
50.7 |
|
Amortization of
Intangibles |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
|
Amortization |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
|
Deferred Taxes |
- |
- |
1.4 |
- |
0.5 |
|
Unusual Items |
25.9 |
4.6 |
3.3 |
4.1 |
12.4 |
|
Equity in Net
Earnings (Loss) |
-0.7 |
-0.5 |
0.1 |
-0.7 |
-3.2 |
|
Other Non-Cash Items |
16.2 |
0.0 |
9.5 |
2.5 |
34.6 |
|
Non-Cash
Items |
41.4 |
4.1 |
12.9 |
6.0 |
43.8 |
|
Accounts
Receivable |
-17.3 |
-14.5 |
13.2 |
-23.4 |
4.5 |
|
Inventories |
-34.1 |
-12.7 |
-0.8 |
3.4 |
1.9 |
|
Prepaid Expenses |
- |
- |
0.2 |
0.1 |
0.5 |
|
Other Assets |
-1.1 |
-2.0 |
-0.2 |
2.0 |
-0.6 |
|
Accounts Payable |
-16.1 |
22.1 |
42.2 |
14.2 |
-13.3 |
|
Accrued Expenses |
- |
- |
-2.4 |
2.5 |
2.6 |
|
Taxes Payable |
- |
- |
- |
0.5 |
- |
|
Other Liabilities |
-7.1 |
-15.3 |
-5.2 |
-6.7 |
-6.5 |
|
Other Operating
Cash Flow |
-0.1 |
-0.5 |
0.1 |
0.1 |
0.1 |
|
Changes in Working Capital |
-75.9 |
-22.9 |
47.2 |
-7.3 |
-10.8 |
|
Cash from Operating Activities |
1.6 |
49.5 |
92.3 |
26.2 |
21.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed
Assets |
-65.2 |
-56.7 |
-28.1 |
-23.7 |
-36.0 |
|
Purchase/Acquisition of Intangibles |
-7.2 |
0.0 |
-0.5 |
-0.7 |
-0.3 |
|
Capital Expenditures |
-72.4 |
-56.7 |
-28.6 |
-24.4 |
-36.3 |
|
Sale of Fixed
Assets |
6.3 |
3.4 |
0.7 |
5.9 |
1.3 |
|
Sale/Maturity of Investment |
2.4 |
7.5 |
2.2 |
38.6 |
87.0 |
|
Purchase of
Investments |
-0.4 |
-3.2 |
-9.2 |
-1.0 |
-3.5 |
|
Sale of
Intangible Assets |
- |
- |
- |
0.5 |
- |
|
Other Investing
Cash Flow |
2.8 |
20.5 |
0.5 |
4.1 |
-12.5 |
|
Other Investing Cash Flow Items, Total |
11.0 |
28.1 |
-5.7 |
48.1 |
72.3 |
|
Cash from Investing Activities |
-61.4 |
-28.6 |
-34.3 |
23.7 |
36.0 |
|
|
|
|
|
|
|
|
Other Financing
Cash Flow |
-8.5 |
-11.4 |
-18.9 |
-202.2 |
-0.5 |
|
Financing Cash Flow Items |
-8.5 |
-11.4 |
-18.9 |
-202.2 |
-0.5 |
|
Repurchase/Retirement of
Common |
-10.6 |
- |
- |
- |
- |
|
Common Stock, Net |
-10.6 |
- |
- |
- |
- |
|
Options Exercised |
0.4 |
- |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
-10.2 |
- |
- |
- |
- |
|
Short Term Debt Issued |
84.2 |
115.0 |
18.8 |
- |
41.8 |
|
Short Term Debt Reduction |
-76.2 |
-97.9 |
-3.4 |
-17.9 |
-46.4 |
|
Short Term Debt, Net |
8.0 |
17.1 |
15.5 |
-17.9 |
-4.6 |
|
Long Term Debt Issued |
75.6 |
103.1 |
6.3 |
161.0 |
- |
|
Long Term Debt Reduction |
-34.7 |
-122.1 |
-24.1 |
- |
-52.2 |
|
Long Term Debt, Net |
40.9 |
-19.1 |
-17.8 |
161.0 |
-52.2 |
|
Issuance (Retirement) of Debt, Net |
48.9 |
-1.9 |
-2.4 |
143.2 |
-56.8 |
|
Cash from Financing Activities |
30.2 |
-13.3 |
-21.3 |
-59.1 |
-57.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.2 |
- |
- |
0.0 |
|
Net Change in Cash |
-29.6 |
7.8 |
36.7 |
-9.2 |
0.1 |
|
|
|
|
|
|
|
|
Net Cash -
Beginning Balance |
81.3 |
70.2 |
23.3 |
36.3 |
42.9 |
|
Net Cash -
Ending Balance |
51.8 |
77.9 |
60.0 |
27.0 |
43.0 |
|
Cash Interest Paid |
10.7 |
12.9 |
- |
- |
- |
|
Cash Taxes Paid |
-0.4 |
0.5 |
- |
- |
- |
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 |
Restated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales Revenue |
- |
- |
656.1 |
798.1 |
831.9 |
|
Finished Goods
Revenues |
1,001.5 |
798.8 |
- |
- |
- |
|
Merchandise Sales |
48.4 |
41.8 |
- |
- |
- |
|
Services Revenue |
0.0 |
1.2 |
- |
- |
- |
|
Other Revenue |
2.7 |
0.4 |
- |
- |
- |
|
Adjustment for
Revenues |
0.0 |
0.0 |
- |
- |
- |
|
Total Revenue |
1,052.6 |
842.3 |
656.1 |
798.1 |
831.9 |
|
|
|
|
|
|
|
|
Cost-Revenue |
923.3 |
721.2 |
569.4 |
700.8 |
763.1 |
|
Salaries &
Wages |
14.3 |
12.3 |
8.9 |
8.7 |
9.8 |
|
Other Payrolls |
- |
- |
0.0 |
0.0 |
0.0 |
|
Bonuses |
- |
- |
1.5 |
1.5 |
1.8 |
|
Retirement &
Severance Benefits |
1.1 |
1.5 |
1.7 |
1.7 |
1.5 |
|
Employee Benefits |
3.4 |
3.3 |
2.2 |
2.4 |
1.9 |
|
Expense-Stock
Compensation |
- |
- |
0.8 |
0.6 |
- |
|
Travel Expense |
3.0 |
2.2 |
1.6 |
2.0 |
2.3 |
|
Communication
Expense |
- |
- |
0.3 |
0.3 |
0.4 |
|
Utility Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Taxes & Dues |
- |
- |
0.6 |
0.6 |
0.7 |
|
Expense-Consumable
Goods |
- |
- |
0.3 |
0.4 |
0.3 |
|
Printing Expense |
- |
- |
0.1 |
0.1 |
0.1 |
|
Rental Expenses |
3.5 |
3.0 |
2.0 |
1.9 |
2.5 |
|
Repair Expense |
- |
- |
0.3 |
0.1 |
0.1 |
|
Vehicles
Maintenance Expense |
- |
- |
0.2 |
0.3 |
0.3 |
|
Insurance Expense |
- |
- |
0.1 |
0.2 |
0.2 |
|
Commission Paid |
6.8 |
10.9 |
9.4 |
8.3 |
8.2 |
|
Shipping &
Handling Expense |
20.7 |
19.3 |
15.8 |
20.2 |
19.6 |
|
Entertainment
Expense |
- |
- |
1.0 |
1.1 |
1.2 |
|
Packaging Expenses |
- |
- |
0.0 |
0.1 |
0.0 |
|
Sales Promotion
Expense |
- |
- |
0.8 |
0.6 |
0.6 |
|
Advertising
Expense |
4.7 |
3.2 |
2.6 |
3.1 |
0.2 |
|
Education &
Training Expense |
1.1 |
0.6 |
0.7 |
0.5 |
0.2 |
|
Overseas Market
Development Expense |
- |
- |
0.0 |
0.0 |
0.0 |
|
Expense-Samples |
- |
- |
0.9 |
1.1 |
1.4 |
|
Outsourcing
Service Expense |
2.0 |
1.3 |
0.9 |
1.0 |
1.2 |
|
Activity Expense |
- |
- |
0.2 |
0.2 |
0.1 |
|
Conference Expense |
- |
- |
0.4 |
0.5 |
0.4 |
|
Quality-Control
Expense |
- |
- |
1.8 |
1.3 |
2.2 |
|
Provision-Bad Debt |
- |
- |
1.7 |
0.1 |
0.8 |
|
Research Expense |
- |
- |
4.6 |
3.1 |
1.4 |
|
Research &
Survey Expense |
- |
- |
1.6 |
1.7 |
2.1 |
|
Development Costs |
9.2 |
9.2 |
2.1 |
1.8 |
1.3 |
|
Depreciation
Expense |
1.4 |
0.5 |
0.3 |
0.4 |
0.5 |
|
Amort of
Intangibles |
0.9 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Security Expense |
- |
- |
0.0 |
0.0 |
0.0 |
|
Defective Repair
Expense |
- |
- |
0.3 |
0.0 |
0.4 |
|
Other Selling and
Administrative Expense |
19.6 |
9.5 |
- |
0.0 |
- |
|
Adjustment for
Selling and Administrativ |
0.0 |
0.0 |
- |
- |
- |
|
Gain on Foreign
Currency Transactions |
-17.3 |
-14.1 |
- |
- |
- |
|
Gain on Foreign
Currency Translation |
-0.9 |
-0.6 |
- |
- |
- |
|
Gain on Disposal
of Property, Plant and |
-0.1 |
-0.6 |
- |
- |
- |
|
Recovery of
Impairment Loss on Trade & O |
-0.2 |
- |
- |
- |
- |
|
Recovery of
Provision for Product Warran |
0.0 |
0.0 |
- |
- |
- |
|
Recovery of
Provision for Defect Repair |
0.0 |
- |
- |
- |
- |
|
Gain on Assets
Contributed |
- |
-0.2 |
- |
- |
- |
|
Miscellaneous
Income |
-1.5 |
-1.4 |
- |
- |
- |
|
Other Operating
Income, Other |
- |
0.0 |
- |
- |
- |
|
Adjustment for
Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Foreign
Currency Transactions |
17.4 |
15.9 |
- |
- |
- |
|
Loss on Foreign
Currency Translation |
3.7 |
0.7 |
- |
- |
- |
|
Loss on Disposal
of Property, Plant and |
0.3 |
1.1 |
- |
- |
- |
|
Impairment Loss on
Property, Plant and E |
21.4 |
0.6 |
- |
- |
- |
|
Loss on Scrapping
of Inventory |
0.0 |
- |
- |
- |
- |
|
Depreciation of
Idle Assets not Operatio |
0.1 |
0.5 |
- |
- |
- |
|
Impairment Loss on
Trade & Other Receiva |
0.0 |
2.8 |
- |
- |
- |
|
Donations Paid |
0.1 |
0.0 |
- |
- |
- |
|
Miscellaneous Loss |
1.2 |
0.8 |
- |
- |
- |
|
Other Operating
Expense, Other |
- |
0.0 |
- |
- |
- |
|
Adjustment for
Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating
Expense |
1,039.3 |
804.0 |
635.6 |
767.2 |
827.2 |
|
|
|
|
|
|
|
|
Interest Income |
1.0 |
3.7 |
1.7 |
2.3 |
3.4 |
|
Dividend Income |
0.2 |
0.1 |
0.0 |
0.1 |
2.0 |
|
Adjustment
for Finance Income |
0.0 |
0.0 |
- |
- |
- |
|
Gains on Derivatives
Transactions |
- |
0.1 |
- |
- |
- |
|
G-Inv.Asset
Disposal |
- |
- |
- |
0.0 |
0.0 |
|
Gain-Disposal of
Sec. Available-Sale |
- |
- |
0.6 |
- |
- |
|
Gain-Foreign
Exchange Transaction |
- |
- |
21.0 |
21.0 |
5.2 |
|
Gain-Foreign
Currency Translation |
- |
- |
1.3 |
2.9 |
0.2 |
|
Gain on Valuations
of Derivatives |
0.9 |
- |
- |
- |
- |
|
G-Reduction Loss
of Sec. Avail-for-Sale |
- |
- |
0.6 |
- |
- |
|
G-Tang Asst
Disposal |
- |
- |
0.2 |
0.2 |
0.6 |
|
Gain-Exemption of
Debts |
- |
- |
0.2 |
- |
- |
|
Finance Guarantee
Deposit Commission Inc |
0.0 |
0.1 |
- |
- |
- |
|
Rental Income |
- |
- |
0.0 |
0.0 |
- |
|
Rvrs-Bad Debt
Expenses |
- |
- |
0.9 |
2.9 |
1.3 |
|
Recovery-Restructuring
Reserve |
- |
- |
- |
2.5 |
- |
|
Recovery-Defect
Repair Reserve |
- |
- |
0.0 |
0.0 |
- |
|
Other Non-Op.
Income |
- |
- |
1.1 |
0.9 |
2.4 |
|
Interest Expenses |
-12.0 |
-13.6 |
-12.3 |
-15.0 |
-25.9 |
|
Interest
Capitalized |
0.5 |
0.5 |
- |
- |
- |
|
Adjustment
for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal
of Financial Instrument |
-0.2 |
- |
- |
- |
- |
|
Loss-Foreign
Exchange Transaction |
- |
- |
-18.0 |
-40.3 |
-5.1 |
|
Loss on Foreign
Currency Translations |
-0.7 |
- |
-0.6 |
-2.1 |
-1.3 |
|
L-Secs. for Sale
Disposal |
- |
- |
-0.3 |
- |
- |
|
Impairment Loss on
Financial Instruments |
- |
-0.6 |
-1.7 |
0.0 |
-12.0 |
|
Loss-Reduction of
Equity Method Sec. |
- |
- |
-0.2 |
- |
- |
|
Loss-Disposal of
Accounts Receivable |
- |
- |
-1.4 |
-1.9 |
- |
|
L-Tang.Asst
Disposal |
- |
- |
-0.6 |
-3.7 |
-1.1 |
|
Financial
Guarantee Expense |
0.0 |
- |
- |
- |
- |
|
Other Finance
Expense |
0.0 |
-1.4 |
- |
- |
- |
|
Other Amortization |
- |
- |
0.0 |
- |
0.0 |
|
Donations Paid |
- |
- |
-0.3 |
-0.1 |
-0.2 |
|
Loss-Redemption of
Borrowings |
- |
- |
-0.3 |
- |
- |
|
Amort-Suspend Assets |
- |
- |
-0.7 |
-0.3 |
-1.2 |
|
Other Non-Op
Expense |
- |
- |
-0.6 |
-0.8 |
-5.8 |
|
Restructuring
Expense |
- |
- |
- |
- |
-28.5 |
|
Loss-Disposal of
Equity Method Sec. |
- |
- |
-0.1 |
- |
- |
|
Gain under Equity
Method |
- |
- |
0.3 |
1.1 |
3.2 |
|
Loss under Equity
Method |
- |
- |
-0.4 |
-0.4 |
- |
|
Gain/Loss on
Investments in Affiliates |
0.6 |
0.5 |
- |
- |
- |
|
Net Income
Before Taxes |
3.7 |
27.7 |
11.0 |
0.2 |
-58.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-2.5 |
-16.3 |
2.2 |
0.5 |
0.5 |
|
Net Income After
Taxes |
6.3 |
44.0 |
8.8 |
-0.3 |
-58.5 |
|
|
|
|
|
|
|
|
Minority Interest
Gain |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Minority Interest |
-0.4 |
0.2 |
- |
- |
- |
|
Net Income
Before Extra. Items |
5.9 |
44.2 |
8.8 |
-0.4 |
-58.5 |
|
Gain on
Discontinued Operations |
1.5 |
0.1 |
-0.9 |
-1.5 |
-4.7 |
|
Net Income |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
|
|
|
|
|
|
|
Income Available
to Com Excl E |
5.9 |
44.2 |
8.8 |
-0.4 |
-58.5 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl E |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
472.0 |
474.4 |
470.9 |
470.3 |
470.3 |
|
Basic EPS Excluding ExtraOrdin |
0.01 |
0.09 |
0.02 |
0.00 |
-0.12 |
|
Basic EPS Including ExtraOrdin |
0.02 |
0.09 |
0.02 |
0.00 |
-0.13 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
Diluted Weighted Average Share |
472.0 |
474.4 |
470.9 |
470.3 |
470.3 |
|
Diluted EPS Excluding ExtraOrd |
0.01 |
0.09 |
0.02 |
0.00 |
-0.12 |
|
Diluted EPS Including ExtraOrd |
0.02 |
0.09 |
0.02 |
0.00 |
-0.13 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized
Income Before Taxes |
25.2 |
31.6 |
12.8 |
5.6 |
-57.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
5.0 |
-14.9 |
2.5 |
2.4 |
0.7 |
|
Normalized
Income After Taxes |
20.2 |
46.5 |
10.3 |
3.2 |
-58.1 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
19.9 |
46.7 |
10.3 |
3.1 |
-58.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.04 |
0.10 |
0.02 |
0.01 |
-0.12 |
|
Diluted Normalized EPS |
0.04 |
0.10 |
0.02 |
0.01 |
-0.12 |
|
Interest Expense |
11.5 |
13.2 |
12.3 |
15.0 |
25.9 |
|
Interest Capitalized |
-0.5 |
-0.5 |
0.0 |
-0.3 |
-0.1 |
|
Rental Expense |
3.5 |
3.0 |
2.0 |
1.9 |
2.5 |
|
Advertising Expense |
4.7 |
3.2 |
3.3 |
3.8 |
0.9 |
|
R&D Expense, Supplemental |
9.2 |
9.2 |
8.3 |
6.6 |
4.8 |
|
Depreciation |
27.4 |
23.7 |
22.4 |
28.9 |
49.5 |
|
Amort of Intangibles, Suppleme |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash
Equivalents |
49.8 |
79.4 |
65.8 |
23.6 |
42.6 |
|
Current Financial
Deposits |
0.1 |
1.8 |
- |
- |
- |
|
ST Finl Assets |
- |
- |
9.5 |
0.7 |
6.1 |
|
ST Investment
Assets |
- |
- |
0.5 |
0.7 |
0.3 |
|
Current Securities
Held-to-Maturities |
0.1 |
0.0 |
- |
- |
- |
|
ST Loans |
- |
- |
2.6 |
2.5 |
2.6 |
|
Security Deposit |
- |
- |
0.0 |
0.0 |
0.1 |
|
Trade Receivables,
Net |
128.0 |
117.8 |
- |
- |
- |
|
Trade Rcvbls,G |
- |
- |
83.6 |
89.1 |
104.5 |
|
Allw-Doubtful Ac |
- |
- |
-5.0 |
-3.6 |
-5.3 |
|
Other Receivables |
8.9 |
6.9 |
4.6 |
7.8 |
5.4 |
|
Accrued Income |
- |
- |
0.2 |
0.2 |
0.6 |
|
Advance Payments |
0.2 |
0.5 |
0.8 |
0.1 |
0.1 |
|
Prepaid Expenses |
1.7 |
1.5 |
0.8 |
1.0 |
1.4 |
|
Receivable-Recovery
of Taxes |
0.1 |
0.9 |
0.3 |
0.5 |
0.8 |
|
Prepaid Value
Added Taxes |
3.1 |
1.7 |
- |
- |
- |
|
Current Derivative
Assets |
0.0 |
- |
- |
- |
- |
|
Adjustment for
Other Current Assets |
- |
0.0 |
- |
- |
- |
|
Other Current
Assets |
- |
- |
1.3 |
1.1 |
1.3 |
|
Merchandise |
1.4 |
0.7 |
0.5 |
0.4 |
0.5 |
|
Finished Goods |
40.5 |
34.6 |
27.8 |
25.6 |
33.6 |
|
Semi-finished
Goods |
18.2 |
13.6 |
10.1 |
8.8 |
14.3 |
|
Works in Process |
17.9 |
14.8 |
12.8 |
11.3 |
17.3 |
|
Raw Materials |
22.9 |
15.5 |
13.5 |
12.2 |
16.7 |
|
Suppl. Material |
- |
- |
2.6 |
2.4 |
2.2 |
|
Raw Mat.Transit |
- |
- |
3.5 |
3.8 |
5.2 |
|
Supplemental
Materials in Transit |
- |
- |
0.2 |
- |
- |
|
Residual Products |
0.1 |
0.1 |
0.2 |
0.5 |
0.7 |
|
Stored Goods |
0.7 |
0.4 |
0.6 |
0.5 |
1.0 |
|
Goods in Transit |
- |
- |
0.0 |
1.6 |
0.9 |
|
Inventory in
Transit |
13.7 |
4.3 |
- |
- |
- |
|
Other Inventories |
0.0 |
3.4 |
- |
- |
- |
|
Adjustment for
Inventories |
0.0 |
0.0 |
- |
- |
- |
|
Total Current
Assets |
307.3 |
297.7 |
237.1 |
191.0 |
252.8 |
|
|
|
|
|
|
|
|
Non-Current
Financial Deposits |
0.3 |
0.1 |
- |
- |
- |
|
LT Finl Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
LT Invest Secs. |
- |
- |
6.1 |
4.1 |
- |
|
Other Investment
Assets |
- |
- |
0.6 |
0.2 |
0.2 |
|
Investment in
Properties |
2.9 |
3.3 |
- |
- |
- |
|
Non-Current
Securities Available-for-Sal |
0.6 |
2.2 |
- |
- |
42.8 |
|
Non-Current
Securities Held-to-Maturitie |
2.2 |
2.4 |
- |
- |
1.7 |
|
Investment in
Affiliates |
4.3 |
3.9 |
7.1 |
9.1 |
10.1 |
|
Long-term Loans |
- |
- |
0.0 |
0.8 |
0.0 |
|
Long-term
Non-trade Receivables |
- |
- |
0.0 |
0.5 |
1.8 |
|
Other Non-Current
Receivables |
7.5 |
6.7 |
- |
- |
- |
|
Non-Current
Prepaid Expenses |
0.0 |
- |
- |
- |
- |
|
LT Guarantee Dep |
- |
- |
4.2 |
2.6 |
2.1 |
|
Non-Current
Derivatives Assets |
0.1 |
- |
- |
- |
- |
|
Other Non-Current
Assets |
0.1 |
0.1 |
- |
- |
- |
|
Adjustment for
Other Non-Current Assets |
0.0 |
- |
- |
- |
- |
|
Non-Current
Deferred Income Taxes Assets |
15.8 |
12.4 |
0.4 |
1.9 |
2.1 |
|
Lands |
63.0 |
62.4 |
78.4 |
73.8 |
104.0 |
|
Buildings |
118.1 |
114.0 |
114.1 |
107.4 |
124.9 |
|
Buildings-Depreciation |
-34.4 |
-31.9 |
-32.2 |
-28.2 |
-31.2 |
|
Buildings-Reduction |
-0.6 |
-0.6 |
- |
- |
- |
|
Structures |
24.0 |
22.3 |
20.6 |
17.0 |
17.6 |
|
Structures-Depreciation |
-8.0 |
-7.2 |
-6.2 |
-5.2 |
-4.7 |
|
Tools &
Equipments |
21.0 |
17.8 |
15.0 |
13.2 |
15.5 |
|
Tools &
Equipments-Depreciation |
-15.3 |
-14.1 |
-12.3 |
-10.6 |
-12.2 |
|
Tools &
Equipments-Government Subsidy |
-0.1 |
0.0 |
0.0 |
0.0 |
- |
|
Machineries &
Equipments |
527.6 |
486.0 |
456.0 |
415.4 |
518.5 |
|
Machineries &
Equipments-Depreciation |
-394.5 |
-381.6 |
-367.3 |
-327.9 |
-404.6 |
|
Machineries &
Equipments-Government Subs |
-0.3 |
-0.2 |
-0.1 |
-0.1 |
- |
|
Machineries &
Equipments-Reduction |
-20.6 |
- |
- |
- |
- |
|
Vehicles |
3.9 |
3.8 |
3.4 |
3.2 |
3.8 |
|
Vehicles-Depreciation |
-2.9 |
-2.8 |
-2.4 |
-2.2 |
-2.9 |
|
Other Property
Plant & Equipment |
0.2 |
0.2 |
- |
- |
- |
|
Other Property
Plant & Equipment-Depreci |
-0.2 |
-0.2 |
- |
- |
- |
|
Construc in Prog |
24.8 |
26.8 |
15.3 |
3.1 |
6.7 |
|
Mach.In Transit |
0.0 |
6.3 |
0.6 |
0.9 |
2.0 |
|
Adjustment for
Property, Plant & Equipme |
- |
- |
- |
- |
- |
|
Membership
Rights |
1.1 |
1.0 |
1.0 |
0.9 |
1.8 |
|
Industrial
Property Rights |
0.0 |
0.1 |
- |
- |
- |
|
Construction
in Progress-Intangible Asse |
5.2 |
1.7 |
0.7 |
- |
- |
|
Software |
3.6 |
1.0 |
1.3 |
1.0 |
1.0 |
|
Other
Intangible Assets |
16.2 |
16.2 |
- |
- |
- |
|
Adjustment
for Intangible Assets |
- |
- |
- |
- |
- |
|
Total Assets |
673.1 |
649.7 |
541.3 |
472.2 |
653.9 |
|
|
|
|
|
|
|
|
Current Trade
Payables |
87.6 |
107.8 |
90.3 |
40.4 |
40.1 |
|
Accounts Payable |
- |
- |
24.5 |
26.8 |
41.2 |
|
Other Current
Payables |
49.7 |
43.7 |
- |
- |
- |
|
Income Taxes
Payables |
0.5 |
0.1 |
0.1 |
0.4 |
- |
|
Accrued Expenses |
- |
- |
6.5 |
8.5 |
7.9 |
|
Advance from
Customers, Current Liabilit |
4.0 |
4.7 |
1.5 |
1.0 |
1.5 |
|
Unearned Income |
- |
- |
1.1 |
0.2 |
- |
|
Deposit Withheld |
1.1 |
1.3 |
1.2 |
0.9 |
2.1 |
|
Lease Guarantee |
- |
- |
2.6 |
2.5 |
3.7 |
|
Sec Dep Withheld |
- |
- |
0.0 |
0.0 |
0.0 |
|
Value Added Taxes
Withholdings |
0.2 |
0.0 |
- |
- |
- |
|
Current Borrowings |
90.4 |
82.7 |
34.3 |
16.2 |
42.6 |
|
Current
Derivatives Liabilities |
0.3 |
1.2 |
- |
- |
- |
|
Finance
Restructuring Reserve |
- |
- |
- |
- |
7.2 |
|
Reserve-Sales
Guarantee |
- |
- |
0.9 |
0.4 |
- |
|
Reserve for
Current Liabilities |
0.9 |
0.9 |
- |
- |
- |
|
Government Subsidy
Related Liabilities |
1.5 |
1.1 |
- |
- |
- |
|
Current Financial
Guarantee Contract Lia |
0.0 |
- |
- |
- |
- |
|
Adjustment for
Other Current Liabilities |
0.0 |
0.0 |
- |
- |
- |
|
Current Portion of
Long-term Liabilities |
26.4 |
30.9 |
17.2 |
15.1 |
236.0 |
|
Current Financial
Lease Liabilities |
0.0 |
- |
- |
- |
- |
|
Current Portion of
Bonds |
- |
- |
6.9 |
- |
- |
|
Total Current
Liability |
262.5 |
274.4 |
187.2 |
112.4 |
382.2 |
|
|
|
|
|
|
|
|
Bonds |
44.6 |
- |
- |
- |
- |
|
Non-Current
Borrowings |
81.7 |
84.0 |
101.0 |
133.9 |
5.4 |
|
Capital Leased
Liabilities, LD |
0.0 |
- |
- |
- |
- |
|
Total Long Term
Debt |
126.3 |
84.0 |
101.0 |
133.9 |
5.4 |
|
|
|
|
|
|
|
|
Other Non-Current
Payables |
5.0 |
5.8 |
3.9 |
0.3 |
- |
|
Derivatives in
Non-current Liabilities |
0.7 |
0.3 |
- |
- |
- |
|
Financial
Guarantee Contracts Liabilitie |
- |
0.0 |
- |
- |
- |
|
Deferred Income
Taxes, Non-Current Liabi |
0.1 |
0.0 |
- |
- |
- |
|
Rsv-Error Adjus. |
- |
- |
0.3 |
0.1 |
0.2 |
|
Non-Current
Provisions |
0.4 |
0.5 |
- |
- |
- |
|
Retirement Resrv |
- |
- |
26.3 |
28.7 |
22.1 |
|
Deposit-Retirement
Insurance |
- |
- |
-7.7 |
-9.7 |
- |
|
Transfer to
National Pension Fund |
- |
- |
-0.5 |
-0.7 |
- |
|
Non-Current Fixed
Benefit Liabilities |
9.0 |
8.9 |
- |
- |
- |
|
Minority Interests |
2.0 |
1.6 |
1.4 |
2.2 |
1.8 |
|
Total
Liabilities |
406.0 |
375.6 |
311.9 |
267.1 |
411.8 |
|
|
|
|
|
|
|
|
Common Stock |
205.9 |
209.0 |
203.7 |
186.7 |
251.3 |
|
Capital Surplus |
- |
- |
32.1 |
29.7 |
40.7 |
|
Stock Options |
- |
- |
1.6 |
0.6 |
- |
|
Paid-in Capital in
Excess of Par |
- |
- |
3.4 |
- |
- |
|
Retained Earning
Carried Forward |
- |
- |
-21.9 |
-28.2 |
-58.5 |
|
Retained Earnings
or Accumulated Deficit |
69.0 |
64.1 |
- |
- |
- |
|
Unissu Share Cap |
- |
- |
- |
5.1 |
6.8 |
|
Gain-Valu. of Sec.
Available for Sale |
- |
- |
- |
0.5 |
- |
|
Loss-Secs for Sale
Valuation |
- |
- |
0.0 |
-1.7 |
-2.2 |
|
Negative Capital
Change U/ Equity Mtd. |
- |
- |
-0.7 |
-12.4 |
-0.4 |
|
Positive Capital
Change U/ Equity Mtd. |
-0.1 |
-0.1 |
- |
- |
0.1 |
|
Treasury Stock |
- |
- |
0.0 |
0.0 |
0.0 |
|
Overseas Business
Translation Credit |
- |
- |
11.2 |
24.8 |
4.3 |
|
Overseas Business
Translation Debit/Cred |
0.3 |
-0.3 |
- |
- |
- |
|
Gain/Losses on
Valuation of Derivatives |
-1.5 |
-1.3 |
- |
- |
- |
|
Other Capital
Items |
-6.7 |
2.7 |
- |
- |
- |
|
Adjustment for
Accumulated Other Compreh |
- |
- |
- |
- |
- |
|
Total Equity |
267.1 |
274.1 |
229.4 |
205.1 |
242.1 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholde |
673.1 |
649.7 |
541.3 |
472.2 |
653.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
474.5 |
474.4 |
474.4 |
470.3 |
470.3 |
|
Total Common
Shares Outstandin |
474.5 |
474.4 |
474.4 |
470.3 |
470.3 |
|
T/S-Common Stock |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accumulated Intangible Amortization |
3.1 |
2.3 |
1.4 |
1.0 |
0.9 |
|
Deferred Revenue, Current |
4.0 |
4.7 |
2.6 |
1.2 |
1.5 |
|
Full-Time Employees |
1,178 |
1,028 |
1,047 |
1,095 |
1,086 |
|
Number of Common Shareholders |
- |
19,045 |
17,542 |
6,348 |
5,812 |
|
Long-Term Debts Due in 1 Year |
26.4 |
- |
17.3 |
15.1 |
236.0 |
|
Long-Term Debts Due in 2 Years |
42.6 |
- |
21.6 |
15.9 |
- |
|
Long-Term Debts Due in 3 Years |
74.3 |
- |
25.9 |
20.0 |
- |
|
Long-Term Debts Due in 4 Years |
3.5 |
- |
51.2 |
24.0 |
- |
|
Long-Term Debts Due in 5 Years |
1.2 |
- |
0.2 |
71.6 |
- |
|
Long-Term Debts Due Remaining |
5.0 |
- |
1.2 |
1.3 |
- |
|
Total Long Term Debt, Supplemental |
153.0 |
- |
117.5 |
147.9 |
236.0 |
|
Capital Lease Due in 1 Year |
0.0 |
- |
- |
- |
- |
|
Capital Lease Due in 5 Years |
0.0 |
- |
- |
- |
- |
|
Interest Costs |
0.0 |
- |
- |
- |
- |
|
Total Capital Leases |
0.0 |
- |
- |
- |
- |
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 |
Updated 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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
7.8 |
44.1 |
7.9 |
-1.9 |
-63.2 |
|
Depreciation |
27.4 |
23.7 |
22.4 |
28.9 |
50.7 |
|
Amort.-Intangible |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
|
Stock Compensation
Expense |
0.5 |
1.0 |
0.9 |
0.6 |
- |
|
Amort-Bad Debt Exp |
- |
- |
2.1 |
0.7 |
0.4 |
|
Amort-Otr Bad Debt
E |
- |
- |
0.0 |
0.0 |
0.0 |
|
Rvrs-Bad Debt
Expenses |
- |
- |
-0.9 |
-2.9 |
-1.3 |
|
Amortization-Present
Value Discount, ON |
- |
- |
-0.1 |
-0.2 |
-0.2 |
|
Finance Guarantee
Deposit Commission Inc |
0.0 |
-0.1 |
- |
- |
- |
|
Dividend Income |
-0.2 |
-0.1 |
- |
- |
- |
|
Interest Income |
-1.0 |
-3.7 |
- |
- |
- |
|
Interest Expenses |
11.5 |
13.4 |
2.3 |
1.0 |
0.0 |
|
Corporate Taxes
Expense,OP |
1.1 |
0.0 |
- |
- |
- |
|
Corporate Taxes
Expense, ON |
-3.6 |
-16.3 |
- |
- |
- |
|
Financial
Guarantee Expense |
0.0 |
- |
- |
- |
- |
|
Other Financial
Expense |
0.0 |
1.4 |
- |
- |
- |
|
Payment for
Retirement Allowance, ONCI |
4.1 |
4.4 |
4.7 |
5.9 |
6.1 |
|
Defect Repair
Expense |
- |
- |
0.3 |
0.0 |
- |
|
Recovery-Defect
Repair Reserve |
0.0 |
-0.1 |
0.0 |
0.0 |
- |
|
Quality-Control
Expense |
- |
- |
0.5 |
0.5 |
- |
|
Sales Guarantee
Expense |
0.8 |
0.0 |
- |
- |
- |
|
Recovery of
Provision for Sales Guarante |
0.0 |
0.0 |
- |
- |
- |
|
Restructuring
Expense |
- |
- |
- |
- |
28.5 |
|
Gain-Assets
Contributed, ON |
- |
-0.2 |
- |
- |
- |
|
Gains on
Valuations of Derivatives Asset |
-0.9 |
- |
- |
- |
- |
|
L-For Exch
Translatn |
4.4 |
0.7 |
0.6 |
2.1 |
1.3 |
|
Miscellaneous Loss |
- |
0.2 |
- |
- |
- |
|
Recovery-Restructuring
Reserve |
- |
- |
- |
-2.5 |
- |
|
Loss-Disposal of
Trade Receivable |
- |
- |
1.4 |
- |
- |
|
Loss on Disposal
of Investment in Affili |
0.2 |
- |
0.1 |
- |
- |
|
Loss on Disposal
of Property, Plant and |
0.3 |
1.1 |
0.6 |
3.7 |
1.0 |
|
Loss on Disposal
of Financial Assets Ava |
0.2 |
- |
0.3 |
- |
- |
|
L-Inventory
Disposal |
4.2 |
0.2 |
0.3 |
0.5 |
- |
|
Loss-Reduct. of
Sec. under Equity Method |
- |
- |
0.2 |
- |
- |
|
Loss-Reduct. of
Sec. Available-for-Sale |
- |
0.6 |
1.7 |
- |
12.0 |
|
Impairment Loss on
Trade & Other Recevia |
0.0 |
2.8 |
- |
- |
- |
|
L-Tangible Asst
Valu |
21.4 |
0.6 |
- |
0.1 |
- |
|
Loss -Redemption
of LT Borrowings |
- |
- |
0.3 |
- |
- |
|
Loss under Equity
Method |
- |
- |
0.4 |
0.4 |
- |
|
Gain-Disp. of
Security Avail-for-Sale |
- |
- |
-0.6 |
- |
- |
|
G-Inv.Asset Disp |
- |
- |
- |
0.0 |
0.0 |
|
Gain on Disposal
of Property, Plant and |
-0.1 |
-0.6 |
-0.2 |
-0.2 |
-0.5 |
|
Recovery-Sec.
Avail-for-Sale Reduction |
- |
- |
-0.6 |
- |
- |
|
Recovery-Inventory
Valuation Loss |
- |
- |
- |
- |
-0.1 |
|
Recovery of
Impairment Loss on Trade & O |
-0.2 |
- |
- |
- |
- |
|
Recovery of Losses
on Valuation of Inven |
0.0 |
-0.1 |
- |
- |
- |
|
Gain under Equity
Method |
-0.7 |
-0.5 |
-0.3 |
-1.1 |
-3.2 |
|
G-For Exch
Translatn |
-0.9 |
-0.6 |
-0.9 |
-2.8 |
-0.2 |
|
Dividend Received
from Affiliates |
- |
- |
0.1 |
0.1 |
0.1 |
|
Gain-Debt
Exemption |
- |
- |
-0.2 |
- |
- |
|
Trade Receivables |
-14.4 |
-13.0 |
8.9 |
-19.7 |
6.0 |
|
Accrued Income |
- |
- |
0.0 |
0.6 |
0.1 |
|
Other Receivables |
-3.0 |
-1.5 |
4.1 |
-4.4 |
-1.8 |
|
Prepaid Expenses |
- |
- |
0.2 |
0.1 |
0.5 |
|
Advance Payments |
- |
- |
-0.6 |
-0.1 |
0.0 |
|
Inventory |
-34.1 |
-12.7 |
-0.2 |
3.5 |
1.9 |
|
Corporate Tax
Refundable |
- |
- |
0.3 |
0.1 |
0.2 |
|
Accrued Income
Taxes |
- |
- |
- |
0.5 |
- |
|
Increase-Security
Deposit |
- |
- |
0.0 |
0.1 |
0.7 |
|
Other Current
Assets |
-1.5 |
-0.3 |
-0.2 |
1.9 |
-1.3 |
|
Other Non-Current
Assets |
0.3 |
-1.7 |
- |
- |
- |
|
Trade Payables |
-20.5 |
11.7 |
41.2 |
16.9 |
-10.3 |
|
Other Payables |
4.6 |
11.0 |
-3.1 |
-3.1 |
-3.0 |
|
Other Non-current
Payables |
-0.2 |
-0.5 |
- |
- |
- |
|
Lease Guarantee |
- |
- |
0.0 |
-0.3 |
-0.1 |
|
Unearned Income |
- |
- |
1.0 |
0.2 |
- |
|
Accrued Expenses |
- |
- |
-2.4 |
2.5 |
2.6 |
|
LT Account Payable |
- |
- |
4.1 |
0.4 |
- |
|
Advances Received |
- |
- |
0.0 |
-0.2 |
-3.0 |
|
Deposits Withheld |
- |
- |
0.1 |
-2.5 |
0.1 |
|
Security Deposit
Withheld |
- |
- |
- |
- |
-0.1 |
|
Provisions |
-0.8 |
-0.3 |
- |
- |
- |
|
Deferred
Taxes-Asset |
- |
- |
1.4 |
- |
0.5 |
|
Other Current
Liabilities |
-0.8 |
0.2 |
- |
- |
- |
|
Rsv-Error
Adjustment |
- |
- |
-0.1 |
0.0 |
-0.6 |
|
Nation Pension Fnd |
- |
- |
0.2 |
0.2 |
0.1 |
|
Retiremt Allow
Paymt |
- |
- |
-8.9 |
-5.2 |
-4.0 |
|
Retirement
Insurance |
- |
- |
2.5 |
1.1 |
1.0 |
|
Fixed Benefit
Liabilities |
-5.5 |
-15.2 |
- |
- |
- |
|
Corporate Taxes
Refund |
0.5 |
- |
- |
- |
- |
|
Cash-Tax Paid |
-0.1 |
-0.5 |
- |
- |
- |
|
Cash From
Operating Activities |
1.6 |
49.5 |
92.3 |
26.2 |
21.4 |
|
|
|
|
|
|
|
|
Decrease in
Financial Deposit |
1.7 |
9.8 |
- |
- |
- |
|
Proceeds from Sale
of Short-term Financi |
- |
- |
- |
4.4 |
3.5 |
|
Dec-LT Finl Asset |
- |
- |
- |
0.0 |
0.0 |
|
Dec-ST Loans |
- |
- |
1.4 |
1.0 |
0.7 |
|
Dec-LT Loans |
- |
- |
0.9 |
4.0 |
3.2 |
|
Decrease in Other
Receivables |
0.9 |
3.0 |
- |
- |
- |
|
Decrease in Other
Non-Current Receivable |
0.2 |
5.8 |
- |
1.1 |
1.3 |
|
Decrease-Guarantee
Deposit |
- |
- |
0.3 |
0.2 |
0.4 |
|
Decrease-Investment
Securities |
- |
- |
1.5 |
33.9 |
0.0 |
|
Decrease-Investment
Real Estate |
- |
- |
- |
- |
82.7 |
|
Disposal-ST
Investment Assets |
- |
- |
0.7 |
0.3 |
0.7 |
|
Disp-Other
Investment Assets |
- |
- |
0.1 |
- |
- |
|
Disposal of
Securities Available-for-Sal |
1.5 |
- |
- |
- |
- |
|
Disposal of
Financial Assets Held to Mat |
0.0 |
7.5 |
- |
- |
- |
|
Disposal of
Investment in Subsidiaries |
0.9 |
- |
- |
- |
- |
|
Disp-Land |
- |
- |
0.2 |
5.3 |
0.3 |
|
Disposal of
Building |
- |
- |
0.2 |
0.3 |
0.0 |
|
Disp-Structure |
- |
- |
0.0 |
- |
0.0 |
|
Disp-Machinery |
- |
- |
0.2 |
0.3 |
1.0 |
|
Disp-Vehicles |
- |
- |
0.1 |
0.0 |
0.0 |
|
Disp-Tools/Equipmt |
- |
- |
0.0 |
0.0 |
0.0 |
|
Disposal of
Property, Plant and Equipmen |
6.3 |
3.4 |
- |
- |
- |
|
Decrease-Membership
Right |
- |
- |
- |
0.5 |
- |
|
Inc-ST Finl Asset |
-0.4 |
-2.0 |
-8.0 |
- |
-3.2 |
|
Inc-ST Loans |
- |
- |
-0.5 |
-0.7 |
-0.6 |
|
Increase in Other
Receivables |
-0.3 |
-0.4 |
- |
- |
- |
|
Increase in Other
Non-Current Receivable |
-1.0 |
-1.8 |
- |
- |
- |
|
Increase-Guarantee
Deposit |
- |
- |
-1.6 |
-1.4 |
-0.5 |
|
Increase-Investment
Securities |
- |
- |
-1.2 |
-1.0 |
-0.3 |
|
Inc-Secs Maturity |
0.0 |
-1.2 |
- |
- |
- |
|
Acq-Building |
- |
- |
-0.4 |
-0.1 |
-0.1 |
|
Acq-Structure |
- |
- |
-0.2 |
-0.3 |
-0.1 |
|
Acq-Machinery |
- |
- |
-3.8 |
-5.0 |
-4.0 |
|
Acq-Vehicles |
- |
- |
-0.3 |
-0.7 |
-0.6 |
|
Acq-Tools/Equipmt |
- |
- |
-1.0 |
-1.3 |
-0.6 |
|
Acq-Constructn
Prog |
- |
- |
-17.4 |
-12.7 |
-26.1 |
|
Acq-Mach. In
Transit |
- |
- |
-5.1 |
-3.7 |
-4.4 |
|
Purchase of
Property, Plant and Equipmen |
-65.2 |
-56.7 |
- |
- |
- |
|
Acq-Software |
- |
- |
-0.5 |
-0.7 |
-0.3 |
|
Purchase of
Intangible Assets |
-7.2 |
0.0 |
- |
- |
- |
|
Decrease-Restructuring
Reserve |
- |
- |
- |
- |
-16.9 |
|
Cash Interest
Received |
1.0 |
3.9 |
- |
- |
- |
|
Dividend Received |
0.3 |
0.2 |
- |
- |
- |
|
Cash From
Investing Activities |
-61.4 |
-28.6 |
-34.3 |
23.7 |
36.0 |
|
|
|
|
|
|
|
|
Increase in
Current Borrowings |
84.2 |
115.0 |
18.8 |
- |
41.8 |
|
Increase in
Non-Current Borrowings |
29.9 |
103.1 |
- |
161.0 |
- |
|
Increase in Bonds |
45.7 |
- |
- |
- |
- |
|
Increase-Current
Portion of Bond |
- |
- |
6.3 |
- |
- |
|
Incr-Oversea Trns
Cr |
- |
- |
- |
0.1 |
- |
|
Increase in
Government Subsidy |
2.1 |
1.5 |
- |
- |
- |
|
Dec-Curr LT Liabs |
- |
- |
-18.7 |
-201.3 |
-0.5 |
|
Decrease in
Current Borrowings |
-76.2 |
-97.9 |
-3.4 |
-17.9 |
-46.4 |
|
Decrease-Current
Portion of Bond |
0.0 |
-5.6 |
- |
- |
- |
|
Decrease in
Non-Current Borrowings |
-3.1 |
-99.3 |
-24.0 |
- |
-42.1 |
|
Decrease in
Current Portion of Long-Term |
-31.6 |
-17.3 |
- |
- |
- |
|
Redemption-Bond |
- |
- |
- |
- |
-10.1 |
|
Increase in Treasury
Stocks |
-10.6 |
- |
- |
- |
- |
|
Increase-Stock
Option |
- |
- |
0.0 |
- |
- |
|
Net Change in
Other Cash |
- |
- |
-0.1 |
-1.1 |
- |
|
Exercise of Stocks
Options |
0.4 |
- |
- |
- |
- |
|
Redemption-Debt
for Equity Swap |
- |
- |
-0.1 |
- |
- |
|
Cash Interest Paid |
-10.7 |
-12.9 |
- |
- |
- |
|
Cash From
Financing Activities |
30.2 |
-13.3 |
-21.3 |
-59.1 |
-57.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.2 |
- |
- |
0.0 |
|
Net Change in
Cash |
-29.6 |
7.8 |
36.7 |
-9.2 |
0.1 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
81.3 |
70.2 |
23.3 |
36.3 |
42.9 |
|
Net Cash Ending Balance |
51.8 |
77.9 |
60.0 |
27.0 |
43.0 |
|
Cash Interest Paid |
10.7 |
12.9 |
- |
- |
- |
|
Cash Taxes Paid |
-0.4 |
0.5 |
- |
- |
- |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
Key Indicators USD (mil) |
||||||
|
 |
Quarter |
Quarter |
Annual |
1 Year |
3 Year |
5 Year |
|
Total Revenue1 |
- |
- |
1,052.6 |
19.74% |
9.91% |
9.29% |
|
Research & Development1 |
- |
- |
9.2 |
-3.92% |
12.30% |
27.02% |
|
Operating Income1 |
- |
- |
13.4 |
-66.54% |
-24.27% |
- |
|
Income Available to Common Excl Extraord
Items1 |
- |
- |
5.9 |
-87.18% |
- |
- |
|
Basic EPS Excl Extraord Items1 |
- |
- |
0.01 |
-87.11% |
- |
- |
|
Capital Expenditures2 |
- |
- |
72.4 |
22.38% |
44.00% |
12.32% |
|
Cash from Operating Activities2 |
- |
- |
1.6 |
-96.84% |
-60.23% |
- |
|
Free Cash Flow |
- |
- |
-68.1 |
- |
- |
- |
|
Total Assets3 |
- |
- |
673.1 |
5.16% |
9.24% |
-3.00% |
|
Total Liabilities3 |
- |
- |
406.0 |
9.72% |
11.60% |
-5.47% |
|
Total Long Term Debt3 |
- |
- |
126.3 |
52.66% |
-4.81% |
-11.62% |
|
Employees3 |
- |
- |
1178 |
14.59% |
2.47% |
0.84% |
|
Total Common Shares Outstanding3 |
- |
- |
474.5 |
0.01% |
0.29% |
0.17% |
|
1-ExchangeRate: KRW to USD Average for
Period |
 |
 |
1107.891393 |
 |
 |
 |
|
2-ExchangeRate: KRW to USD Average for
Period |
 |
 |
1107.891393 |
 |
 |
 |
|
3-ExchangeRate: KRW to USD Period End Date |
 |
 |
1152.000000 |
 |
 |
 |
|
Key Ratios |
|||||
|
 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Profitability |
|||||
|
Gross Margin |
12.06% |
14.33% |
13.22% |
12.19% |
8.27% |
|
Operating Margin |
1.27% |
4.54% |
3.12% |
3.88% |
0.57% |
|
Pretax Margin |
0.36% |
3.29% |
1.67% |
0.03% |
-6.97% |
|
Net Profit Margin |
0.56% |
5.25% |
1.35% |
-0.05% |
-7.03% |
|
Financial Strength |
|||||
|
Current Ratio |
1.17 |
1.08 |
1.27 |
1.70 |
0.66 |
|
Long Term Debt/Equity |
0.47 |
0.31 |
0.44 |
0.65 |
0.02 |
|
Total Debt/Equity |
0.91 |
0.72 |
0.69 |
0.81 |
1.17 |
|
Interest Coverage |
20,003,768.58 |
92,180,715.31 |
- |
- |
- |
|
Management
Effectiveness |
|||||
|
Return on Assets |
0.92% |
7.43% |
1.84% |
-0.06% |
-7.17% |
|
Return on Equity |
2.12% |
17.68% |
4.29% |
-0.17% |
-21.31% |
|
Efficiency |
|||||
|
Receivables Turnover |
7.77 |
8.02 |
7.54 |
7.86 |
7.46 |
|
Inventory Turnover |
8.79 |
9.04 |
8.58 |
9.01 |
8.15 |
|
Asset Turnover |
1.54 |
1.42 |
1.37 |
1.46 |
1.02 |
|
Market Valuation USD (mil) |
||||
|
Enterprise Value2 |
478.8 |
. |
Enterprise Value/Revenue (TTM) |
0.47 |
|
Enterprise Value/EBITDA (TTM) |
11.12 |
. |
Market Cap1 |
282.7 |
|
1-ExchangeRate: KRW to USD on 27-Jul-2012 |
1146.394547 |
|
|
|
|
2-ExchangeRate: KRW to USD on 27-Jul-2012 |
1146.394547 |
|
|
|
|
||||
|
||||
|
Annual Ratios
|
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 |
|
|
Financial
Strength |
||||||
|
Current Ratio |
1.17 |
1.08 |
1.27 |
1.70 |
0.66 |
|
|
Quick/Acid Test Ratio |
0.71 |
0.75 |
0.87 |
1.08 |
0.41 |
|
|
Working Capital1 |
44.8 |
23.2 |
49.8 |
78.6 |
-129.4 |
|
|
Long Term Debt/Equity |
0.47 |
0.31 |
0.44 |
0.65 |
0.02 |
|
|
Total Debt/Equity |
0.91 |
0.72 |
0.69 |
0.81 |
1.17 |
|
|
Long Term Debt/Total Capital |
0.25 |
0.18 |
0.26 |
0.36 |
0.01 |
|
|
Total Debt/Total Capital |
0.48 |
0.42 |
0.41 |
0.45 |
0.54 |
|
|
Interest Coverage |
20,003,768.58 |
92,180,715.31 |
- |
- |
- |
|
|
Payout Ratio |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
|
Effective Tax Rate |
-67.24% |
-58.78% |
19.60% |
257.69% |
- |
|
|
Total Capital1 |
510.2 |
471.6 |
388.8 |
370.3 |
526.0 |
|
|
|
|
|
|
|
|
|
|
Efficiency |
||||||
|
Asset Turnover |
1.54 |
1.42 |
1.37 |
1.46 |
1.02 |
|
|
Inventory Turnover |
8.79 |
9.04 |
8.58 |
9.01 |
8.15 |
|
|
Days In Inventory |
41.54 |
40.37 |
42.56 |
40.49 |
44.77 |
|
|
Receivables Turnover |
7.77 |
8.02 |
7.54 |
7.86 |
7.46 |
|
|
Days Receivables Outstanding |
46.99 |
45.54 |
48.44 |
46.41 |
48.90 |
|
|
Revenue/Employee2 |
859,358 |
834,796 |
686,838 |
636,889 |
760,393 |
|
|
Operating Income/Employee2 |
10,908 |
37,925 |
21,443 |
24,716 |
4,308 |
|
|
EBITDA/Employee2 |
34,043 |
61,895 |
45,305 |
48,094 |
49,854 |
|
|
|
|
|
|
|
|
|
|
Profitability |
||||||
|
Gross Margin |
12.06% |
14.33% |
13.22% |
12.19% |
8.27% |
|
|
Operating Margin |
1.27% |
4.54% |
3.12% |
3.88% |
0.57% |
|
|
EBITDA Margin |
3.96% |
7.41% |
6.60% |
7.55% |
6.56% |
|
|
EBIT Margin |
1.27% |
4.54% |
3.12% |
3.88% |
0.57% |
|
|
Pretax Margin |
0.36% |
3.29% |
1.67% |
0.03% |
-6.97% |
|
|
Net Profit Margin |
0.56% |
5.25% |
1.35% |
-0.05% |
-7.03% |
|
|
R&D Expense/Revenue |
0.88% |
1.09% |
1.27% |
0.82% |
0.58% |
|
|
COGS/Revenue |
87.71% |
85.63% |
86.78% |
87.81% |
91.73% |
|
|
SG&A Expense/Revenue |
7.62% |
7.98% |
8.73% |
7.41% |
7.03% |
|
|
|
|
|
|
|
|
|
|
Management
Effectiveness |
||||||
|
Return on Assets |
0.92% |
7.43% |
1.84% |
-0.06% |
-7.17% |
|
|
Return on Equity |
2.12% |
17.68% |
4.29% |
-0.17% |
-21.31% |
|
|
|
|
|
|
|
|
|
|
Valuation |
||||||
|
Free Cash Flow/Share2 |
-0.14 |
-0.02 |
0.15 |
0.00 |
-0.03 |
|
|
Operating Cash Flow/Share 2 |
0.00 |
0.11 |
0.21 |
0.05 |
0.05 |
|
|
1-ExchangeRate: KRW to USD Period End Date |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
|
2-ExchangeRate: KRW to USD Average for
Period |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
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 |
Restated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Sales |
1,050.0 |
841.9 |
656.1 |
798.1 |
831.9 |
|
Revenue |
1,050.0 |
841.9 |
656.1 |
798.1 |
831.9 |
|
Other Revenue |
2.7 |
0.4 |
- |
- |
- |
|
Other Revenue, Total |
2.7 |
0.4 |
- |
- |
- |
|
Total Revenue |
1,052.6 |
842.3 |
656.1 |
798.1 |
831.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
923.3 |
721.2 |
569.4 |
700.8 |
763.1 |
|
Cost of Revenue, Total |
923.3 |
721.2 |
569.4 |
700.8 |
763.1 |
|
Gross Profit |
126.7 |
120.7 |
86.7 |
97.3 |
68.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
56.8 |
46.9 |
38.9 |
40.5 |
42.6 |
|
Labor & Related Expense |
18.7 |
17.1 |
15.1 |
14.9 |
15.1 |
|
Advertising Expense |
4.7 |
3.2 |
3.3 |
3.8 |
0.9 |
|
Total Selling/General/Administrative Expenses |
80.2 |
67.2 |
57.3 |
59.1 |
58.5 |
|
Research & Development |
9.2 |
9.2 |
8.3 |
6.6 |
4.8 |
|
Depreciation |
1.5 |
1.0 |
0.3 |
0.4 |
0.5 |
|
Amortization of Intangibles |
0.9 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Depreciation/Amortization |
2.4 |
1.4 |
0.6 |
0.6 |
0.8 |
|
Investment Income -
Operating |
2.9 |
1.9 |
- |
- |
- |
|
Interest/Investment Income - Operating |
2.9 |
1.9 |
- |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
2.9 |
1.9 |
- |
- |
- |
|
Impairment-Assets Held for Use |
21.2 |
3.4 |
- |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
0.3 |
0.5 |
- |
- |
- |
|
Unusual Expense (Income) |
21.5 |
3.9 |
- |
- |
- |
|
Other Operating Expense |
1.3 |
0.9 |
- |
- |
- |
|
Other, Net |
-1.5 |
-1.6 |
- |
- |
- |
|
Other Operating Expenses, Total |
-0.2 |
-0.8 |
- |
- |
- |
|
Total Operating Expense |
1,039.3 |
804.0 |
635.6 |
767.2 |
827.2 |
|
|
|
|
|
|
|
|
Operating Income |
13.4 |
38.3 |
20.5 |
31.0 |
4.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-12.0 |
-13.6 |
-12.3 |
-15.0 |
-25.9 |
|
Interest Capitalized -
Non-Operating |
0.5 |
0.5 |
- |
- |
- |
|
Interest Expense, Net Non-Operating |
-11.5 |
-13.2 |
-12.3 |
-15.0 |
-25.9 |
|
Interest Income -
Non-Operating |
1.0 |
3.7 |
1.7 |
2.3 |
3.4 |
|
Investment Income -
Non-Operating |
0.8 |
0.2 |
2.3 |
-17.8 |
-7.8 |
|
Interest/Investment Income - Non-Operating |
1.9 |
3.8 |
4.0 |
-15.5 |
-4.4 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-9.6 |
-9.3 |
-8.3 |
-30.5 |
-30.3 |
|
Gain (Loss) on Sale of Assets |
- |
- |
-1.9 |
-5.4 |
-0.5 |
|
Other Non-Operating Income (Expense) |
0.0 |
-1.2 |
0.6 |
5.1 |
-31.9 |
|
Other, Net |
0.0 |
-1.2 |
0.6 |
5.1 |
-31.9 |
|
Income Before Tax |
3.7 |
27.7 |
11.0 |
0.2 |
-58.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
-2.5 |
-16.3 |
2.2 |
0.5 |
0.5 |
|
Income After Tax |
6.3 |
44.0 |
8.8 |
-0.3 |
-58.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.4 |
0.2 |
0.0 |
-0.1 |
0.0 |
|
Net Income Before Extraord Items |
5.9 |
44.2 |
8.8 |
-0.4 |
-58.5 |
|
Discontinued Operations |
1.5 |
0.1 |
-0.9 |
-1.5 |
-4.7 |
|
Total Extraord Items |
1.5 |
0.1 |
-0.9 |
-1.5 |
-4.7 |
|
Net Income |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
5.9 |
44.2 |
8.8 |
-0.4 |
-58.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
472.0 |
474.4 |
470.9 |
470.3 |
470.3 |
|
Basic EPS Excl Extraord Items |
0.01 |
0.09 |
0.02 |
0.00 |
-0.12 |
|
Basic/Primary EPS Incl Extraord Items |
0.02 |
0.09 |
0.02 |
0.00 |
-0.13 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
Diluted Weighted Average Shares |
472.0 |
474.4 |
470.9 |
470.3 |
470.3 |
|
Diluted EPS Excl Extraord Items |
0.01 |
0.09 |
0.02 |
0.00 |
-0.12 |
|
Diluted EPS Incl Extraord Items |
0.02 |
0.09 |
0.02 |
0.00 |
-0.13 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
11.5 |
13.2 |
12.3 |
15.0 |
25.9 |
|
Interest Capitalized, Supplemental |
-0.5 |
-0.5 |
0.0 |
-0.3 |
-0.1 |
|
Depreciation, Supplemental |
27.4 |
23.7 |
22.4 |
28.9 |
49.5 |
|
Total Special Items |
21.5 |
3.9 |
1.9 |
5.4 |
0.5 |
|
Normalized Income Before Tax |
25.2 |
31.6 |
12.8 |
5.6 |
-57.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
7.5 |
1.4 |
0.4 |
1.9 |
0.2 |
|
Inc Tax Ex Impact of Sp Items |
5.0 |
-14.9 |
2.5 |
2.4 |
0.7 |
|
Normalized Income After Tax |
20.2 |
46.5 |
10.3 |
3.2 |
-58.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
19.9 |
46.7 |
10.3 |
3.1 |
-58.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.04 |
0.10 |
0.02 |
0.01 |
-0.12 |
|
Diluted Normalized EPS |
0.04 |
0.10 |
0.02 |
0.01 |
-0.12 |
|
Amort of Intangibles, Supplemental |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
|
Rental Expenses |
3.5 |
3.0 |
2.0 |
1.9 |
2.5 |
|
Advertising Expense, Supplemental |
4.7 |
3.2 |
3.3 |
3.8 |
0.9 |
|
Research & Development Exp, Supplemental |
9.2 |
9.2 |
8.3 |
6.6 |
4.8 |
|
Normalized EBIT |
37.7 |
44.0 |
20.5 |
31.0 |
4.7 |
|
Normalized EBITDA |
66.0 |
68.2 |
43.3 |
60.3 |
54.5 |
Interim Income Statement
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
No Financial Data
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
49.9 |
81.2 |
65.8 |
23.6 |
42.6 |
|
Short Term Investments |
0.1 |
0.0 |
10.0 |
1.4 |
6.4 |
|
Cash and Short Term Investments |
50.0 |
81.2 |
75.8 |
25.0 |
49.1 |
|
Accounts Receivable -
Trade, Gross |
- |
- |
83.6 |
89.1 |
104.5 |
|
Provision for Doubtful
Accounts |
- |
- |
-5.0 |
-3.6 |
-5.3 |
|
Trade Accounts Receivable - Net |
128.0 |
117.8 |
78.8 |
85.7 |
99.9 |
|
Other Receivables |
9.0 |
7.8 |
7.5 |
10.9 |
8.8 |
|
Total Receivables, Net |
137.0 |
125.5 |
86.4 |
96.6 |
108.7 |
|
Inventories - Finished Goods |
41.9 |
35.3 |
28.3 |
26.0 |
34.0 |
|
Inventories - Work In Progress |
36.1 |
28.4 |
22.9 |
20.1 |
31.5 |
|
Inventories - Raw Materials |
23.0 |
15.6 |
20.1 |
18.8 |
24.8 |
|
Inventories - Other |
14.6 |
8.5 |
1.4 |
2.2 |
2.0 |
|
Total Inventory |
115.6 |
87.8 |
72.8 |
67.2 |
92.3 |
|
Prepaid Expenses |
4.8 |
3.1 |
0.8 |
1.0 |
1.4 |
|
Other Current Assets |
0.0 |
0.0 |
1.4 |
1.1 |
1.3 |
|
Other Current Assets, Total |
0.0 |
0.0 |
1.4 |
1.1 |
1.3 |
|
Total Current Assets |
307.3 |
297.7 |
237.1 |
191.0 |
252.8 |
|
|
|
|
|
|
|
|
Buildings |
141.5 |
135.7 |
134.7 |
124.4 |
142.5 |
|
Land/Improvements |
63.0 |
62.4 |
78.4 |
73.8 |
104.0 |
|
Machinery/Equipment |
531.5 |
507.3 |
474.3 |
431.8 |
537.8 |
|
Construction in
Progress |
24.8 |
33.0 |
16.0 |
4.1 |
8.7 |
|
Other
Property/Plant/Equipment |
0.2 |
0.2 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
761.1 |
738.6 |
703.4 |
634.1 |
793.0 |
|
Accumulated Depreciation |
-455.3 |
-437.7 |
-420.5 |
-374.1 |
-455.6 |
|
Property/Plant/Equipment - Net |
305.7 |
300.9 |
282.9 |
260.0 |
337.4 |
|
Intangibles, Net |
26.1 |
20.1 |
2.9 |
2.0 |
2.8 |
|
LT Investment - Affiliate Companies |
4.3 |
3.9 |
7.1 |
9.1 |
10.1 |
|
LT Investments - Other |
6.1 |
8.0 |
6.7 |
4.4 |
44.7 |
|
Long Term Investments |
10.4 |
11.9 |
13.8 |
13.5 |
54.8 |
|
Note Receivable - Long Term |
7.5 |
6.7 |
0.0 |
1.4 |
1.8 |
|
Deferred Income Tax - Long Term Asset |
15.8 |
12.4 |
0.4 |
1.9 |
2.1 |
|
Other Long Term Assets |
0.2 |
0.1 |
4.2 |
2.6 |
2.1 |
|
Other Long Term Assets, Total |
16.1 |
12.5 |
4.7 |
4.5 |
4.1 |
|
Total Assets |
673.1 |
649.7 |
541.3 |
472.2 |
653.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
87.6 |
107.8 |
90.3 |
40.4 |
40.1 |
|
Accrued Expenses |
0.2 |
0.0 |
6.5 |
8.5 |
7.9 |
|
Notes Payable/Short Term Debt |
90.4 |
82.7 |
34.3 |
16.2 |
42.6 |
|
Current Portion - Long Term Debt/Capital Leases |
26.4 |
30.9 |
24.0 |
15.1 |
236.0 |
|
Customer Advances |
4.0 |
4.7 |
2.6 |
1.2 |
1.5 |
|
Security Deposits |
- |
- |
2.7 |
2.5 |
3.7 |
|
Income Taxes Payable |
0.5 |
0.1 |
0.1 |
0.4 |
- |
|
Other Payables |
49.7 |
43.7 |
24.5 |
26.8 |
41.2 |
|
Other Current Liabilities |
3.8 |
4.5 |
2.2 |
1.3 |
9.3 |
|
Other Current liabilities, Total |
58.0 |
53.0 |
32.0 |
32.3 |
55.6 |
|
Total Current Liabilities |
262.5 |
274.4 |
187.2 |
112.4 |
382.2 |
|
|
|
|
|
|
|
|
Long Term Debt |
126.3 |
84.0 |
101.0 |
133.9 |
5.4 |
|
Capital Lease Obligations |
0.0 |
- |
- |
- |
- |
|
Total Long Term Debt |
126.3 |
84.0 |
101.0 |
133.9 |
5.4 |
|
Total Debt |
243.1 |
197.6 |
159.4 |
165.2 |
283.9 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.1 |
0.0 |
- |
- |
- |
|
Deferred Income Tax |
0.1 |
0.0 |
- |
- |
- |
|
Minority Interest |
2.0 |
1.6 |
1.4 |
2.2 |
1.8 |
|
Reserves |
0.4 |
0.5 |
0.3 |
0.1 |
0.2 |
|
Pension Benefits - Underfunded |
9.0 |
8.9 |
18.0 |
18.2 |
22.1 |
|
Other Long Term Liabilities |
5.7 |
6.1 |
3.9 |
0.3 |
- |
|
Other Liabilities, Total |
15.1 |
15.6 |
22.3 |
18.6 |
22.4 |
|
Total Liabilities |
406.0 |
375.6 |
311.9 |
267.1 |
411.8 |
|
|
|
|
|
|
|
|
Common Stock |
205.9 |
209.0 |
203.7 |
186.7 |
251.3 |
|
Common Stock |
205.9 |
209.0 |
203.7 |
186.7 |
251.3 |
|
Additional Paid-In Capital |
- |
- |
37.1 |
30.3 |
40.7 |
|
Retained Earnings (Accumulated Deficit) |
69.0 |
64.1 |
-21.9 |
-28.2 |
-58.5 |
|
Treasury Stock - Common |
- |
- |
0.0 |
0.0 |
0.0 |
|
Unrealized Gain (Loss) |
-0.1 |
-0.1 |
-0.7 |
-13.5 |
-2.5 |
|
Translation Adjustment |
0.3 |
-0.3 |
11.2 |
24.8 |
4.3 |
|
Other Equity |
-6.7 |
2.7 |
- |
5.1 |
6.8 |
|
Other Comprehensive Income |
-1.5 |
-1.3 |
- |
- |
- |
|
Other Equity, Total |
-7.8 |
1.1 |
11.2 |
29.9 |
11.1 |
|
Total Equity |
267.1 |
274.1 |
229.4 |
205.1 |
242.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
673.1 |
649.7 |
541.3 |
472.2 |
653.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
474.5 |
474.4 |
474.4 |
470.3 |
470.3 |
|
Total Common Shares Outstanding |
474.5 |
474.4 |
474.4 |
470.3 |
470.3 |
|
Treasury Shares - Common Stock Primary Issue |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
1,178 |
1,028 |
1,047 |
1,095 |
1,086 |
|
Number of Common Shareholders |
- |
19,045 |
17,542 |
6,348 |
5,812 |
|
Accumulated Intangible Amort, Suppl. |
3.1 |
2.3 |
1.4 |
1.0 |
0.9 |
|
Deferred Revenue - Current |
4.0 |
4.7 |
2.6 |
1.2 |
1.5 |
|
Total Long Term Debt, Supplemental |
153.0 |
- |
117.5 |
147.9 |
236.0 |
|
Long Term Debt Maturing within 1 Year |
26.4 |
- |
17.3 |
15.1 |
236.0 |
|
Long Term Debt Maturing in Year 2 |
42.6 |
- |
21.6 |
15.9 |
- |
|
Long Term Debt Maturing in Year 3 |
74.3 |
- |
25.9 |
20.0 |
- |
|
Long Term Debt Maturing in Year 4 |
3.5 |
- |
51.2 |
24.0 |
- |
|
Long Term Debt Maturing in Year 5 |
1.2 |
- |
0.2 |
71.6 |
- |
|
Long Term Debt Maturing in 2-3 Years |
116.9 |
- |
47.6 |
35.9 |
- |
|
Long Term Debt Maturing in 4-5 Years |
4.7 |
- |
51.4 |
95.6 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
5.0 |
- |
1.2 |
1.3 |
0.0 |
|
Interest Costs |
0.0 |
- |
- |
- |
- |
|
Total Capital Leases, Supplemental |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 1 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 2 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 3 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 4 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in Year 5 |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
0.0 |
- |
- |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
- |
- |
- |
- |
Interim Balance Sheet
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
No Financial Data
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 |
Updated 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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
KPMG LLP |
|||
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
|||
|
|
|
|
|
|
|
|||
|
Net Income/Starting Line |
7.8 |
44.1 |
7.9 |
-1.9 |
-63.2 |
|||
|
Depreciation |
27.4 |
23.7 |
22.4 |
28.9 |
50.7 |
|||
|
Depreciation/Depletion |
27.4 |
23.7 |
22.4 |
28.9 |
50.7 |
|||
|
Amortization of Intangibles |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
|||
|
Amortization |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
|||
|
Deferred Taxes |
- |
- |
1.4 |
- |
0.5 |
|||
|
Unusual Items |
25.9 |
4.6 |
3.3 |
4.1 |
12.4 |
|||
|
Equity in Net Earnings (Loss) |
-0.7 |
-0.5 |
0.1 |
-0.7 |
-3.2 |
|||
|
Other Non-Cash Items |
16.2 |
0.0 |
9.5 |
2.5 |
34.6 |
|||
|
Non-Cash Items |
41.4 |
4.1 |
12.9 |
6.0 |
43.8 |
|||
|
Accounts Receivable |
-17.3 |
-14.5 |
13.2 |
-23.4 |
4.5 |
|||
|
Inventories |
-34.1 |
-12.7 |
-0.8 |
3.4 |
1.9 |
|||
|
Prepaid Expenses |
- |
- |
0.2 |
0.1 |
0.5 |
|||
|
Other Assets |
-1.1 |
-2.0 |
-0.2 |
2.0 |
-0.6 |
|||
|
Accounts Payable |
-16.1 |
22.1 |
42.2 |
14.2 |
-13.3 |
|||
|
Accrued Expenses |
- |
- |
-2.4 |
2.5 |
2.6 |
|||
|
Taxes Payable |
- |
- |
- |
0.5 |
- |
|||
|
Other Liabilities |
-7.1 |
-15.3 |
-5.2 |
-6.7 |
-6.5 |
|||
|
Other Operating Cash Flow |
-0.1 |
-0.5 |
0.1 |
0.1 |
0.1 |
|||
|
Changes in Working Capital |
-75.9 |
-22.9 |
47.2 |
-7.3 |
-10.8 |
|||
|
Cash from Operating Activities |
1.6 |
49.5 |
92.3 |
26.2 |
21.4 |
|||
|
|
|
|
|
|
|
|||
|
Purchase of Fixed Assets |
-65.2 |
-56.7 |
-28.1 |
-23.7 |
-36.0 |
|||
|
Purchase/Acquisition of Intangibles |
-7.2 |
0.0 |
-0.5 |
-0.7 |
-0.3 |
|||
|
Capital Expenditures |
-72.4 |
-56.7 |
-28.6 |
-24.4 |
-36.3 |
|||
|
Sale of Fixed Assets |
6.3 |
3.4 |
0.7 |
5.9 |
1.3 |
|||
|
Sale/Maturity of Investment |
2.4 |
7.5 |
2.2 |
38.6 |
87.0 |
|||
|
Purchase of Investments |
-0.4 |
-3.2 |
-9.2 |
-1.0 |
-3.5 |
|||
|
Sale of Intangible Assets |
- |
- |
- |
0.5 |
- |
|||
|
Other Investing Cash Flow |
2.8 |
20.5 |
0.5 |
4.1 |
-12.5 |
|||
|
Other Investing Cash Flow Items, Total |
11.0 |
28.1 |
-5.7 |
48.1 |
72.3 |
|||
|
Cash from Investing Activities |
-61.4 |
-28.6 |
-34.3 |
23.7 |
36.0 |
|||
|
|
|
|
|
|
|
|||
|
Other Financing Cash Flow |
-8.5 |
-11.4 |
-18.9 |
-202.2 |
-0.5 |
|||
|
Financing Cash Flow Items |
-8.5 |
-11.4 |
-18.9 |
-202.2 |
-0.5 |
|||
|
Repurchase/Retirement
of Common |
-10.6 |
- |
- |
- |
- |
|||
|
Common Stock, Net |
-10.6 |
- |
- |
- |
- |
|||
|
Options Exercised |
0.4 |
- |
- |
- |
- |
|||
|
Issuance (Retirement) of Stock, Net |
-10.2 |
- |
- |
- |
- |
|||
|
Short Term Debt Issued |
84.2 |
115.0 |
18.8 |
- |
41.8 |
|||
|
Short Term Debt
Reduction |
-76.2 |
-97.9 |
-3.4 |
-17.9 |
-46.4 |
|||
|
Short Term Debt, Net |
8.0 |
17.1 |
15.5 |
-17.9 |
-4.6 |
|||
|
Long Term Debt Issued |
75.6 |
103.1 |
6.3 |
161.0 |
- |
|||
|
Long Term Debt
Reduction |
-34.7 |
-122.1 |
-24.1 |
- |
-52.2 |
|||
|
Long Term Debt, Net |
40.9 |
-19.1 |
-17.8 |
161.0 |
-52.2 |
|||
|
Issuance (Retirement) of Debt, Net |
48.9 |
-1.9 |
-2.4 |
143.2 |
-56.8 |
|||
|
Cash from Financing Activities |
30.2 |
-13.3 |
-21.3 |
-59.1 |
-57.3 |
|||
|
|
|
|
|
|
|
|||
|
Foreign Exchange Effects |
0.0 |
0.2 |
- |
- |
0.0 |
|||
|
Net Change in Cash |
-29.6 |
7.8 |
36.7 |
-9.2 |
0.1 |
|||
|
|
|
|
|
|
|
|||
|
Net Cash - Beginning Balance |
81.3 |
70.2 |
23.3 |
36.3 |
42.9 |
|||
|
Net Cash - Ending Balance |
51.8 |
77.9 |
60.0 |
27.0 |
43.0 |
|||
|
Cash Interest Paid |
10.7 |
12.9 |
- |
- |
- |
|||
|
Cash Taxes Paid |
-0.4 |
0.5 |
- |
- |
- |
|||
|
|
|
|||||||
Interim
Cash Flows
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
Annual Income Statement As
Reported
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-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 |
Restated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales Revenue |
- |
- |
656.1 |
798.1 |
831.9 |
|
Finished Goods
Revenues |
1,001.5 |
798.8 |
- |
- |
- |
|
Merchandise Sales |
48.4 |
41.8 |
- |
- |
- |
|
Services Revenue |
0.0 |
1.2 |
- |
- |
- |
|
Other Revenue |
2.7 |
0.4 |
- |
- |
- |
|
Adjustment for
Revenues |
0.0 |
0.0 |
- |
- |
- |
|
Total Revenue |
1,052.6 |
842.3 |
656.1 |
798.1 |
831.9 |
|
|
|
|
|
|
|
|
Cost-Revenue |
923.3 |
721.2 |
569.4 |
700.8 |
763.1 |
|
Salaries &
Wages |
14.3 |
12.3 |
8.9 |
8.7 |
9.8 |
|
Other Payrolls |
- |
- |
0.0 |
0.0 |
0.0 |
|
Bonuses |
- |
- |
1.5 |
1.5 |
1.8 |
|
Retirement &
Severance Benefits |
1.1 |
1.5 |
1.7 |
1.7 |
1.5 |
|
Employee Benefits |
3.4 |
3.3 |
2.2 |
2.4 |
1.9 |
|
Expense-Stock
Compensation |
- |
- |
0.8 |
0.6 |
- |
|
Travel Expense |
3.0 |
2.2 |
1.6 |
2.0 |
2.3 |
|
Communication
Expense |
- |
- |
0.3 |
0.3 |
0.4 |
|
Utility Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Taxes & Dues |
- |
- |
0.6 |
0.6 |
0.7 |
|
Expense-Consumable
Goods |
- |
- |
0.3 |
0.4 |
0.3 |
|
Printing Expense |
- |
- |
0.1 |
0.1 |
0.1 |
|
Rental Expenses |
3.5 |
3.0 |
2.0 |
1.9 |
2.5 |
|
Repair Expense |
- |
- |
0.3 |
0.1 |
0.1 |
|
Vehicles
Maintenance Expense |
- |
- |
0.2 |
0.3 |
0.3 |
|
Insurance Expense |
- |
- |
0.1 |
0.2 |
0.2 |
|
Commission Paid |
6.8 |
10.9 |
9.4 |
8.3 |
8.2 |
|
Shipping &
Handling Expense |
20.7 |
19.3 |
15.8 |
20.2 |
19.6 |
|
Entertainment
Expense |
- |
- |
1.0 |
1.1 |
1.2 |
|
Packaging Expenses |
- |
- |
0.0 |
0.1 |
0.0 |
|
Sales Promotion
Expense |
- |
- |
0.8 |
0.6 |
0.6 |
|
Advertising
Expense |
4.7 |
3.2 |
2.6 |
3.1 |
0.2 |
|
Education &
Training Expense |
1.1 |
0.6 |
0.7 |
0.5 |
0.2 |
|
Overseas Market
Development Expense |
- |
- |
0.0 |
0.0 |
0.0 |
|
Expense-Samples |
- |
- |
0.9 |
1.1 |
1.4 |
|
Outsourcing
Service Expense |
2.0 |
1.3 |
0.9 |
1.0 |
1.2 |
|
Activity Expense |
- |
- |
0.2 |
0.2 |
0.1 |
|
Conference Expense |
- |
- |
0.4 |
0.5 |
0.4 |
|
Quality-Control
Expense |
- |
- |
1.8 |
1.3 |
2.2 |
|
Provision-Bad Debt |
- |
- |
1.7 |
0.1 |
0.8 |
|
Research Expense |
- |
- |
4.6 |
3.1 |
1.4 |
|
Research &
Survey Expense |
- |
- |
1.6 |
1.7 |
2.1 |
|
Development Costs |
9.2 |
9.2 |
2.1 |
1.8 |
1.3 |
|
Depreciation
Expense |
1.4 |
0.5 |
0.3 |
0.4 |
0.5 |
|
Amort of Intangibles |
0.9 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Security Expense |
- |
- |
0.0 |
0.0 |
0.0 |
|
Defective Repair
Expense |
- |
- |
0.3 |
0.0 |
0.4 |
|
Other Selling and
Administrative Expense |
19.6 |
9.5 |
- |
0.0 |
- |
|
Adjustment for
Selling and Administrativ |
0.0 |
0.0 |
- |
- |
- |
|
Gain on Foreign
Currency Transactions |
-17.3 |
-14.1 |
- |
- |
- |
|
Gain on Foreign
Currency Translation |
-0.9 |
-0.6 |
- |
- |
- |
|
Gain on Disposal
of Property, Plant and |
-0.1 |
-0.6 |
- |
- |
- |
|
Recovery of
Impairment Loss on Trade & O |
-0.2 |
- |
- |
- |
- |
|
Recovery of
Provision for Product Warran |
0.0 |
0.0 |
- |
- |
- |
|
Recovery of
Provision for Defect Repair |
0.0 |
- |
- |
- |
- |
|
Gain on Assets
Contributed |
- |
-0.2 |
- |
- |
- |
|
Miscellaneous
Income |
-1.5 |
-1.4 |
- |
- |
- |
|
Other Operating
Income, Other |
- |
0.0 |
- |
- |
- |
|
Adjustment for
Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Foreign
Currency Transactions |
17.4 |
15.9 |
- |
- |
- |
|
Loss on Foreign
Currency Translation |
3.7 |
0.7 |
- |
- |
- |
|
Loss on Disposal
of Property, Plant and |
0.3 |
1.1 |
- |
- |
- |
|
Impairment Loss on
Property, Plant and E |
21.4 |
0.6 |
- |
- |
- |
|
Loss on Scrapping
of Inventory |
0.0 |
- |
- |
- |
- |
|
Depreciation of
Idle Assets not Operatio |
0.1 |
0.5 |
- |
- |
- |
|
Impairment Loss on
Trade & Other Receiva |
0.0 |
2.8 |
- |
- |
- |
|
Donations Paid |
0.1 |
0.0 |
- |
- |
- |
|
Miscellaneous Loss |
1.2 |
0.8 |
- |
- |
- |
|
Other Operating
Expense, Other |
- |
0.0 |
- |
- |
- |
|
Adjustment for
Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating
Expense |
1,039.3 |
804.0 |
635.6 |
767.2 |
827.2 |
|
|
|
|
|
|
|
|
Interest Income |
1.0 |
3.7 |
1.7 |
2.3 |
3.4 |
|
Dividend Income |
0.2 |
0.1 |
0.0 |
0.1 |
2.0 |
|
Adjustment
for Finance Income |
0.0 |
0.0 |
- |
- |
- |
|
Gains on
Derivatives Transactions |
- |
0.1 |
- |
- |
- |
|
G-Inv.Asset
Disposal |
- |
- |
- |
0.0 |
0.0 |
|
Gain-Disposal of
Sec. Available-Sale |
- |
- |
0.6 |
- |
- |
|
Gain-Foreign
Exchange Transaction |
- |
- |
21.0 |
21.0 |
5.2 |
|
Gain-Foreign
Currency Translation |
- |
- |
1.3 |
2.9 |
0.2 |
|
Gain on Valuations
of Derivatives |
0.9 |
- |
- |
- |
- |
|
G-Reduction Loss
of Sec. Avail-for-Sale |
- |
- |
0.6 |
- |
- |
|
G-Tang Asst
Disposal |
- |
- |
0.2 |
0.2 |
0.6 |
|
Gain-Exemption of
Debts |
- |
- |
0.2 |
- |
- |
|
Finance Guarantee
Deposit Commission Inc |
0.0 |
0.1 |
- |
- |
- |
|
Rental Income |
- |
- |
0.0 |
0.0 |
- |
|
Rvrs-Bad Debt
Expenses |
- |
- |
0.9 |
2.9 |
1.3 |
|
Recovery-Restructuring
Reserve |
- |
- |
- |
2.5 |
- |
|
Recovery-Defect
Repair Reserve |
- |
- |
0.0 |
0.0 |
- |
|
Other Non-Op.
Income |
- |
- |
1.1 |
0.9 |
2.4 |
|
Interest Expenses |
-12.0 |
-13.6 |
-12.3 |
-15.0 |
-25.9 |
|
Interest
Capitalized |
0.5 |
0.5 |
- |
- |
- |
|
Adjustment
for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal
of Financial Instrument |
-0.2 |
- |
- |
- |
- |
|
Loss-Foreign
Exchange Transaction |
- |
- |
-18.0 |
-40.3 |
-5.1 |
|
Loss on Foreign
Currency Translations |
-0.7 |
- |
-0.6 |
-2.1 |
-1.3 |
|
L-Secs. for Sale
Disposal |
- |
- |
-0.3 |
- |
- |
|
Impairment Loss on
Financial Instruments |
- |
-0.6 |
-1.7 |
0.0 |
-12.0 |
|
Loss-Reduction of
Equity Method Sec. |
- |
- |
-0.2 |
- |
- |
|
Loss-Disposal of
Accounts Receivable |
- |
- |
-1.4 |
-1.9 |
- |
|
L-Tang.Asst
Disposal |
- |
- |
-0.6 |
-3.7 |
-1.1 |
|
Financial
Guarantee Expense |
0.0 |
- |
- |
- |
- |
|
Other Finance
Expense |
0.0 |
-1.4 |
- |
- |
- |
|
Other Amortization |
- |
- |
0.0 |
- |
0.0 |
|
Donations Paid |
- |
- |
-0.3 |
-0.1 |
-0.2 |
|
Loss-Redemption of
Borrowings |
- |
- |
-0.3 |
- |
- |
|
Amort-Suspend
Assets |
- |
- |
-0.7 |
-0.3 |
-1.2 |
|
Other Non-Op
Expense |
- |
- |
-0.6 |
-0.8 |
-5.8 |
|
Restructuring
Expense |
- |
- |
- |
- |
-28.5 |
|
Loss-Disposal of
Equity Method Sec. |
- |
- |
-0.1 |
- |
- |
|
Gain under Equity
Method |
- |
- |
0.3 |
1.1 |
3.2 |
|
Loss under Equity
Method |
- |
- |
-0.4 |
-0.4 |
- |
|
Gain/Loss on
Investments in Affiliates |
0.6 |
0.5 |
- |
- |
- |
|
Net Income
Before Taxes |
3.7 |
27.7 |
11.0 |
0.2 |
-58.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-2.5 |
-16.3 |
2.2 |
0.5 |
0.5 |
|
Net Income After
Taxes |
6.3 |
44.0 |
8.8 |
-0.3 |
-58.5 |
|
|
|
|
|
|
|
|
Minority Interest
Gain |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Minority Interest |
-0.4 |
0.2 |
- |
- |
- |
|
Net Income
Before Extra. Items |
5.9 |
44.2 |
8.8 |
-0.4 |
-58.5 |
|
Gain on
Discontinued Operations |
1.5 |
0.1 |
-0.9 |
-1.5 |
-4.7 |
|
Net Income |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
|
|
|
|
|
|
|
Income Available
to Com Excl E |
5.9 |
44.2 |
8.8 |
-0.4 |
-58.5 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl E |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
472.0 |
474.4 |
470.9 |
470.3 |
470.3 |
|
Basic EPS Excluding ExtraOrdin |
0.01 |
0.09 |
0.02 |
0.00 |
-0.12 |
|
Basic EPS Including ExtraOrdin |
0.02 |
0.09 |
0.02 |
0.00 |
-0.13 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Diluted Net Income |
7.5 |
44.3 |
7.9 |
-1.9 |
-63.2 |
|
Diluted Weighted Average Share |
472.0 |
474.4 |
470.9 |
470.3 |
470.3 |
|
Diluted EPS Excluding ExtraOrd |
0.01 |
0.09 |
0.02 |
0.00 |
-0.12 |
|
Diluted EPS Including ExtraOrd |
0.02 |
0.09 |
0.02 |
0.00 |
-0.13 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized
Income Before Taxes |
25.2 |
31.6 |
12.8 |
5.6 |
-57.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
5.0 |
-14.9 |
2.5 |
2.4 |
0.7 |
|
Normalized
Income After Taxes |
20.2 |
46.5 |
10.3 |
3.2 |
-58.1 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
19.9 |
46.7 |
10.3 |
3.1 |
-58.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.04 |
0.10 |
0.02 |
0.01 |
-0.12 |
|
Diluted Normalized EPS |
0.04 |
0.10 |
0.02 |
0.01 |
-0.12 |
|
Interest Expense |
11.5 |
13.2 |
12.3 |
15.0 |
25.9 |
|
Interest Capitalized |
-0.5 |
-0.5 |
0.0 |
-0.3 |
-0.1 |
|
Rental Expense |
3.5 |
3.0 |
2.0 |
1.9 |
2.5 |
|
Advertising Expense |
4.7 |
3.2 |
3.3 |
3.8 |
0.9 |
|
R&D Expense, Supplemental |
9.2 |
9.2 |
8.3 |
6.6 |
4.8 |
|
Depreciation |
27.4 |
23.7 |
22.4 |
28.9 |
49.5 |
|
Amort of Intangibles, Suppleme |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
Interim Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
No Financial Data
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash
Equivalents |
49.8 |
79.4 |
65.8 |
23.6 |
42.6 |
|
Current Financial
Deposits |
0.1 |
1.8 |
- |
- |
- |
|
ST Finl Assets |
- |
- |
9.5 |
0.7 |
6.1 |
|
ST Investment
Assets |
- |
- |
0.5 |
0.7 |
0.3 |
|
Current Securities
Held-to-Maturities |
0.1 |
0.0 |
- |
- |
- |
|
ST Loans |
- |
- |
2.6 |
2.5 |
2.6 |
|
Security Deposit |
- |
- |
0.0 |
0.0 |
0.1 |
|
Trade Receivables,
Net |
128.0 |
117.8 |
- |
- |
- |
|
Trade Rcvbls,G |
- |
- |
83.6 |
89.1 |
104.5 |
|
Allw-Doubtful Ac |
- |
- |
-5.0 |
-3.6 |
-5.3 |
|
Other Receivables |
8.9 |
6.9 |
4.6 |
7.8 |
5.4 |
|
Accrued Income |
- |
- |
0.2 |
0.2 |
0.6 |
|
Advance Payments |
0.2 |
0.5 |
0.8 |
0.1 |
0.1 |
|
Prepaid Expenses |
1.7 |
1.5 |
0.8 |
1.0 |
1.4 |
|
Receivable-Recovery
of Taxes |
0.1 |
0.9 |
0.3 |
0.5 |
0.8 |
|
Prepaid Value
Added Taxes |
3.1 |
1.7 |
- |
- |
- |
|
Current Derivative
Assets |
0.0 |
- |
- |
- |
- |
|
Adjustment for
Other Current Assets |
- |
0.0 |
- |
- |
- |
|
Other Current
Assets |
- |
- |
1.3 |
1.1 |
1.3 |
|
Merchandise |
1.4 |
0.7 |
0.5 |
0.4 |
0.5 |
|
Finished Goods |
40.5 |
34.6 |
27.8 |
25.6 |
33.6 |
|
Semi-finished
Goods |
18.2 |
13.6 |
10.1 |
8.8 |
14.3 |
|
Works in Process |
17.9 |
14.8 |
12.8 |
11.3 |
17.3 |
|
Raw Materials |
22.9 |
15.5 |
13.5 |
12.2 |
16.7 |
|
Suppl. Material |
- |
- |
2.6 |
2.4 |
2.2 |
|
Raw Mat.Transit |
- |
- |
3.5 |
3.8 |
5.2 |
|
Supplemental
Materials in Transit |
- |
- |
0.2 |
- |
- |
|
Residual Products |
0.1 |
0.1 |
0.2 |
0.5 |
0.7 |
|
Stored Goods |
0.7 |
0.4 |
0.6 |
0.5 |
1.0 |
|
Goods in Transit |
- |
- |
0.0 |
1.6 |
0.9 |
|
Inventory in
Transit |
13.7 |
4.3 |
- |
- |
- |
|
Other Inventories |
0.0 |
3.4 |
- |
- |
- |
|
Adjustment for
Inventories |
0.0 |
0.0 |
- |
- |
- |
|
Total Current
Assets |
307.3 |
297.7 |
237.1 |
191.0 |
252.8 |
|
|
|
|
|
|
|
|
Non-Current
Financial Deposits |
0.3 |
0.1 |
- |
- |
- |
|
LT Finl Assets |
- |
- |
0.0 |
0.0 |
0.0 |
|
LT Invest Secs. |
- |
- |
6.1 |
4.1 |
- |
|
Other Investment
Assets |
- |
- |
0.6 |
0.2 |
0.2 |
|
Investment in
Properties |
2.9 |
3.3 |
- |
- |
- |
|
Non-Current
Securities Available-for-Sal |
0.6 |
2.2 |
- |
- |
42.8 |
|
Non-Current
Securities Held-to-Maturitie |
2.2 |
2.4 |
- |
- |
1.7 |
|
Investment in
Affiliates |
4.3 |
3.9 |
7.1 |
9.1 |
10.1 |
|
Long-term Loans |
- |
- |
0.0 |
0.8 |
0.0 |
|
Long-term
Non-trade Receivables |
- |
- |
0.0 |
0.5 |
1.8 |
|
Other Non-Current
Receivables |
7.5 |
6.7 |
- |
- |
- |
|
Non-Current
Prepaid Expenses |
0.0 |
- |
- |
- |
- |
|
LT Guarantee Dep |
- |
- |
4.2 |
2.6 |
2.1 |
|
Non-Current
Derivatives Assets |
0.1 |
- |
- |
- |
- |
|
Other Non-Current
Assets |
0.1 |
0.1 |
- |
- |
- |
|
Adjustment for
Other Non-Current Assets |
0.0 |
- |
- |
- |
- |
|
Non-Current
Deferred Income Taxes Assets |
15.8 |
12.4 |
0.4 |
1.9 |
2.1 |
|
Lands |
63.0 |
62.4 |
78.4 |
73.8 |
104.0 |
|
Buildings |
118.1 |
114.0 |
114.1 |
107.4 |
124.9 |
|
Buildings-Depreciation |
-34.4 |
-31.9 |
-32.2 |
-28.2 |
-31.2 |
|
Buildings-Reduction |
-0.6 |
-0.6 |
- |
- |
- |
|
Structures |
24.0 |
22.3 |
20.6 |
17.0 |
17.6 |
|
Structures-Depreciation |
-8.0 |
-7.2 |
-6.2 |
-5.2 |
-4.7 |
|
Tools &
Equipments |
21.0 |
17.8 |
15.0 |
13.2 |
15.5 |
|
Tools &
Equipments-Depreciation |
-15.3 |
-14.1 |
-12.3 |
-10.6 |
-12.2 |
|
Tools &
Equipments-Government Subsidy |
-0.1 |
0.0 |
0.0 |
0.0 |
- |
|
Machineries &
Equipments |
527.6 |
486.0 |
456.0 |
415.4 |
518.5 |
|
Machineries &
Equipments-Depreciation |
-394.5 |
-381.6 |
-367.3 |
-327.9 |
-404.6 |
|
Machineries &
Equipments-Government Subs |
-0.3 |
-0.2 |
-0.1 |
-0.1 |
- |
|
Machineries &
Equipments-Reduction |
-20.6 |
- |
- |
- |
- |
|
Vehicles |
3.9 |
3.8 |
3.4 |
3.2 |
3.8 |
|
Vehicles-Depreciation |
-2.9 |
-2.8 |
-2.4 |
-2.2 |
-2.9 |
|
Other Property
Plant & Equipment |
0.2 |
0.2 |
- |
- |
- |
|
Other Property
Plant & Equipment-Depreci |
-0.2 |
-0.2 |
- |
- |
- |
|
Construc in Prog |
24.8 |
26.8 |
15.3 |
3.1 |
6.7 |
|
Mach.In Transit |
0.0 |
6.3 |
0.6 |
0.9 |
2.0 |
|
Adjustment for
Property, Plant & Equipme |
- |
- |
- |
- |
- |
|
Membership
Rights |
1.1 |
1.0 |
1.0 |
0.9 |
1.8 |
|
Industrial
Property Rights |
0.0 |
0.1 |
- |
- |
- |
|
Construction
in Progress-Intangible Asse |
5.2 |
1.7 |
0.7 |
- |
- |
|
Software |
3.6 |
1.0 |
1.3 |
1.0 |
1.0 |
|
Other
Intangible Assets |
16.2 |
16.2 |
- |
- |
- |
|
Adjustment
for Intangible Assets |
- |
- |
- |
- |
- |
|
Total Assets |
673.1 |
649.7 |
541.3 |
472.2 |
653.9 |
|
|
|
|
|
|
|
|
Current Trade
Payables |
87.6 |
107.8 |
90.3 |
40.4 |
40.1 |
|
Accounts Payable |
- |
- |
24.5 |
26.8 |
41.2 |
|
Other Current
Payables |
49.7 |
43.7 |
- |
- |
- |
|
Income Taxes
Payables |
0.5 |
0.1 |
0.1 |
0.4 |
- |
|
Accrued Expenses |
- |
- |
6.5 |
8.5 |
7.9 |
|
Advance from
Customers, Current Liabilit |
4.0 |
4.7 |
1.5 |
1.0 |
1.5 |
|
Unearned Income |
- |
- |
1.1 |
0.2 |
- |
|
Deposit Withheld |
1.1 |
1.3 |
1.2 |
0.9 |
2.1 |
|
Lease Guarantee |
- |
- |
2.6 |
2.5 |
3.7 |
|
Sec Dep Withheld |
- |
- |
0.0 |
0.0 |
0.0 |
|
Value Added Taxes
Withholdings |
0.2 |
0.0 |
- |
- |
- |
|
Current Borrowings |
90.4 |
82.7 |
34.3 |
16.2 |
42.6 |
|
Current
Derivatives Liabilities |
0.3 |
1.2 |
- |
- |
- |
|
Finance
Restructuring Reserve |
- |
- |
- |
- |
7.2 |
|
Reserve-Sales
Guarantee |
- |
- |
0.9 |
0.4 |
- |
|
Reserve for
Current Liabilities |
0.9 |
0.9 |
- |
- |
- |
|
Government Subsidy
Related Liabilities |
1.5 |
1.1 |
- |
- |
- |
|
Current Financial
Guarantee Contract Lia |
0.0 |
- |
- |
- |
- |
|
Adjustment for
Other Current Liabilities |
0.0 |
0.0 |
- |
- |
- |
|
Current Portion of
Long-term Liabilities |
26.4 |
30.9 |
17.2 |
15.1 |
236.0 |
|
Current Financial
Lease Liabilities |
0.0 |
- |
- |
- |
- |
|
Current Portion of
Bonds |
- |
- |
6.9 |
- |
- |
|
Total Current
Liability |
262.5 |
274.4 |
187.2 |
112.4 |
382.2 |
|
|
|
|
|
|
|
|
Bonds |
44.6 |
- |
- |
- |
- |
|
Non-Current
Borrowings |
81.7 |
84.0 |
101.0 |
133.9 |
5.4 |
|
Capital Leased
Liabilities, LD |
0.0 |
- |
- |
- |
- |
|
Total Long Term
Debt |
126.3 |
84.0 |
101.0 |
133.9 |
5.4 |
|
|
|
|
|
|
|
|
Other Non-Current
Payables |
5.0 |
5.8 |
3.9 |
0.3 |
- |
|
Derivatives in
Non-current Liabilities |
0.7 |
0.3 |
- |
- |
- |
|
Financial
Guarantee Contracts Liabilitie |
- |
0.0 |
- |
- |
- |
|
Deferred Income
Taxes, Non-Current Liabi |
0.1 |
0.0 |
- |
- |
- |
|
Rsv-Error Adjus. |
- |
- |
0.3 |
0.1 |
0.2 |
|
Non-Current
Provisions |
0.4 |
0.5 |
- |
- |
- |
|
Retirement Resrv |
- |
- |
26.3 |
28.7 |
22.1 |
|
Deposit-Retirement
Insurance |
- |
- |
-7.7 |
-9.7 |
- |
|
Transfer to
National Pension Fund |
- |
- |
-0.5 |
-0.7 |
- |
|
Non-Current Fixed
Benefit Liabilities |
9.0 |
8.9 |
- |
- |
- |
|
Minority Interests |
2.0 |
1.6 |
1.4 |
2.2 |
1.8 |
|
Total
Liabilities |
406.0 |
375.6 |
311.9 |
267.1 |
411.8 |
|
|
|
|
|
|
|
|
Common Stock |
205.9 |
209.0 |
203.7 |
186.7 |
251.3 |
|
Capital Surplus |
- |
- |
32.1 |
29.7 |
40.7 |
|
Stock Options |
- |
- |
1.6 |
0.6 |
- |
|
Paid-in Capital in
Excess of Par |
- |
- |
3.4 |
- |
- |
|
Retained Earning
Carried Forward |
- |
- |
-21.9 |
-28.2 |
-58.5 |
|
Retained Earnings
or Accumulated Deficit |
69.0 |
64.1 |
- |
- |
- |
|
Unissu Share Cap |
- |
- |
- |
5.1 |
6.8 |
|
Gain-Valu. of Sec.
Available for Sale |
- |
- |
- |
0.5 |
- |
|
Loss-Secs for Sale
Valuation |
- |
- |
0.0 |
-1.7 |
-2.2 |
|
Negative Capital
Change U/ Equity Mtd. |
- |
- |
-0.7 |
-12.4 |
-0.4 |
|
Positive Capital
Change U/ Equity Mtd. |
-0.1 |
-0.1 |
- |
- |
0.1 |
|
Treasury Stock |
- |
- |
0.0 |
0.0 |
0.0 |
|
Overseas Business
Translation Credit |
- |
- |
11.2 |
24.8 |
4.3 |
|
Overseas Business
Translation Debit/Cred |
0.3 |
-0.3 |
- |
- |
- |
|
Gain/Losses on
Valuation of Derivatives |
-1.5 |
-1.3 |
- |
- |
- |
|
Other Capital
Items |
-6.7 |
2.7 |
- |
- |
- |
|
Adjustment for
Accumulated Other Compreh |
- |
- |
- |
- |
- |
|
Total Equity |
267.1 |
274.1 |
229.4 |
205.1 |
242.1 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholde |
673.1 |
649.7 |
541.3 |
472.2 |
653.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
474.5 |
474.4 |
474.4 |
470.3 |
470.3 |
|
Total Common
Shares Outstandin |
474.5 |
474.4 |
474.4 |
470.3 |
470.3 |
|
T/S-Common Stock |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accumulated Intangible Amortization |
3.1 |
2.3 |
1.4 |
1.0 |
0.9 |
|
Deferred Revenue, Current |
4.0 |
4.7 |
2.6 |
1.2 |
1.5 |
|
Full-Time Employees |
1,178 |
1,028 |
1,047 |
1,095 |
1,086 |
|
Number of Common Shareholders |
- |
19,045 |
17,542 |
6,348 |
5,812 |
|
Long-Term Debts Due in 1 Year |
26.4 |
- |
17.3 |
15.1 |
236.0 |
|
Long-Term Debts Due in 2 Years |
42.6 |
- |
21.6 |
15.9 |
- |
|
Long-Term Debts Due in 3 Years |
74.3 |
- |
25.9 |
20.0 |
- |
|
Long-Term Debts Due in 4 Years |
3.5 |
- |
51.2 |
24.0 |
- |
|
Long-Term Debts Due in 5 Years |
1.2 |
- |
0.2 |
71.6 |
- |
|
Long-Term Debts Due Remaining |
5.0 |
- |
1.2 |
1.3 |
- |
|
Total Long Term Debt, Supplemental |
153.0 |
- |
117.5 |
147.9 |
236.0 |
|
Capital Lease Due in 1 Year |
0.0 |
- |
- |
- |
- |
|
Capital Lease Due in 5 Years |
0.0 |
- |
- |
- |
- |
|
Interest Costs |
0.0 |
- |
- |
- |
- |
|
Total Capital Leases |
0.0 |
- |
- |
- |
- |
Interim Balance Sheet
Financials
in: USD (mil)
Except
for share items (millions) and per share items (actual units)
No Financial Data
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 |
Updated 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 |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
7.8 |
44.1 |
7.9 |
-1.9 |
-63.2 |
|
Depreciation |
27.4 |
23.7 |
22.4 |
28.9 |
50.7 |
|
Amort.-Intangible |
0.9 |
0.5 |
0.4 |
0.4 |
0.3 |
|
Stock Compensation
Expense |
0.5 |
1.0 |
0.9 |
0.6 |
- |
|
Amort-Bad Debt Exp |
- |
- |
2.1 |
0.7 |
0.4 |
|
Amort-Otr Bad Debt
E |
- |
- |
0.0 |
0.0 |
0.0 |
|
Rvrs-Bad Debt
Expenses |
- |
- |
-0.9 |
-2.9 |
-1.3 |
|
Amortization-Present
Value Discount, ON |
- |
- |
-0.1 |
-0.2 |
-0.2 |
|
Finance Guarantee
Deposit Commission Inc |
0.0 |
-0.1 |
- |
- |
- |
|
Dividend Income |
-0.2 |
-0.1 |
- |
- |
- |
|
Interest Income |
-1.0 |
-3.7 |
- |
- |
- |
|
Interest Expenses |
11.5 |
13.4 |
2.3 |
1.0 |
0.0 |
|
Corporate Taxes
Expense,OP |
1.1 |
0.0 |
- |
- |
- |
|
Corporate Taxes
Expense, ON |
-3.6 |
-16.3 |
- |
- |
- |
|
Financial
Guarantee Expense |
0.0 |
- |
- |
- |
- |
|
Other Financial
Expense |
0.0 |
1.4 |
- |
- |
- |
|
Payment for
Retirement Allowance, ONCI |
4.1 |
4.4 |
4.7 |
5.9 |
6.1 |
|
Defect Repair
Expense |
- |
- |
0.3 |
0.0 |
- |
|
Recovery-Defect
Repair Reserve |
0.0 |
-0.1 |
0.0 |
0.0 |
- |
|
Quality-Control
Expense |
- |
- |
0.5 |
0.5 |
- |
|
Sales Guarantee
Expense |
0.8 |
0.0 |
- |
- |
- |
|
Recovery of
Provision for Sales Guarante |
0.0 |
0.0 |
- |
- |
- |
|
Restructuring
Expense |
- |
- |
- |
- |
28.5 |
|
Gain-Assets
Contributed, ON |
- |
-0.2 |
- |
- |
- |
|
Gains on
Valuations of Derivatives Asset |
-0.9 |
- |
- |
- |
- |
|
L-For Exch Translatn |
4.4 |
0.7 |
0.6 |
2.1 |
1.3 |
|
Miscellaneous Loss |
- |
0.2 |
- |
- |
- |
|
Recovery-Restructuring
Reserve |
- |
- |
- |
-2.5 |
- |
|
Loss-Disposal of
Trade Receivable |
- |
- |
1.4 |
- |
- |
|
Loss on Disposal
of Investment in Affili |
0.2 |
- |
0.1 |
- |
- |
|
Loss on Disposal
of Property, Plant and |
0.3 |
1.1 |
0.6 |
3.7 |
1.0 |
|
Loss on Disposal
of Financial Assets Ava |
0.2 |
- |
0.3 |
- |
- |
|
L-Inventory
Disposal |
4.2 |
0.2 |
0.3 |
0.5 |
- |
|
Loss-Reduct. of
Sec. under Equity Method |
- |
- |
0.2 |
- |
- |
|
Loss-Reduct. of
Sec. Available-for-Sale |
- |
0.6 |
1.7 |
- |
12.0 |
|
Impairment Loss on
Trade & Other Recevia |
0.0 |
2.8 |
- |
- |
- |
|
L-Tangible Asst
Valu |
21.4 |
0.6 |
- |
0.1 |
- |
|
Loss -Redemption
of LT Borrowings |
- |
- |
0.3 |
- |
- |
|
Loss under Equity
Method |
- |
- |
0.4 |
0.4 |
- |
|
Gain-Disp. of
Security Avail-for-Sale |
- |
- |
-0.6 |
- |
- |
|
G-Inv.Asset Disp |
- |
- |
- |
0.0 |
0.0 |
|
Gain on Disposal
of Property, Plant and |
-0.1 |
-0.6 |
-0.2 |
-0.2 |
-0.5 |
|
Recovery-Sec.
Avail-for-Sale Reduction |
- |
- |
-0.6 |
- |
- |
|
Recovery-Inventory
Valuation Loss |
- |
- |
- |
- |
-0.1 |
|
Recovery of
Impairment Loss on Trade & O |
-0.2 |
- |
- |
- |
- |
|
Recovery of Losses
on Valuation of Inven |
0.0 |
-0.1 |
- |
- |
- |
|
Gain under Equity
Method |
-0.7 |
-0.5 |
-0.3 |
-1.1 |
-3.2 |
|
G-For Exch
Translatn |
-0.9 |
-0.6 |
-0.9 |
-2.8 |
-0.2 |
|
Dividend Received
from Affiliates |
- |
- |
0.1 |
0.1 |
0.1 |
|
Gain-Debt Exemption |
- |
- |
-0.2 |
- |
- |
|
Trade Receivables |
-14.4 |
-13.0 |
8.9 |
-19.7 |
6.0 |
|
Accrued Income |
- |
- |
0.0 |
0.6 |
0.1 |
|
Other Receivables |
-3.0 |
-1.5 |
4.1 |
-4.4 |
-1.8 |
|
Prepaid Expenses |
- |
- |
0.2 |
0.1 |
0.5 |
|
Advance Payments |
- |
- |
-0.6 |
-0.1 |
0.0 |
|
Inventory |
-34.1 |
-12.7 |
-0.2 |
3.5 |
1.9 |
|
Corporate Tax
Refundable |
- |
- |
0.3 |
0.1 |
0.2 |
|
Accrued Income
Taxes |
- |
- |
- |
0.5 |
- |
|
Increase-Security
Deposit |
- |
- |
0.0 |
0.1 |
0.7 |
|
Other Current
Assets |
-1.5 |
-0.3 |
-0.2 |
1.9 |
-1.3 |
|
Other Non-Current
Assets |
0.3 |
-1.7 |
- |
- |
- |
|
Trade Payables |
-20.5 |
11.7 |
41.2 |
16.9 |
-10.3 |
|
Other Payables |
4.6 |
11.0 |
-3.1 |
-3.1 |
-3.0 |
|
Other Non-current
Payables |
-0.2 |
-0.5 |
- |
- |
- |
|
Lease Guarantee |
- |
- |
0.0 |
-0.3 |
-0.1 |
|
Unearned Income |
- |
- |
1.0 |
0.2 |
- |
|
Accrued Expenses |
- |
- |
-2.4 |
2.5 |
2.6 |
|
LT Account Payable |
- |
- |
4.1 |
0.4 |
- |
|
Advances Received |
- |
- |
0.0 |
-0.2 |
-3.0 |
|
Deposits Withheld |
- |
- |
0.1 |
-2.5 |
0.1 |
|
Security Deposit
Withheld |
- |
- |
- |
- |
-0.1 |
|
Provisions |
-0.8 |
-0.3 |
- |
- |
- |
|
Deferred
Taxes-Asset |
- |
- |
1.4 |
- |
0.5 |
|
Other Current
Liabilities |
-0.8 |
0.2 |
- |
- |
- |
|
Rsv-Error
Adjustment |
- |
- |
-0.1 |
0.0 |
-0.6 |
|
Nation Pension Fnd |
- |
- |
0.2 |
0.2 |
0.1 |
|
Retiremt Allow
Paymt |
- |
- |
-8.9 |
-5.2 |
-4.0 |
|
Retirement
Insurance |
- |
- |
2.5 |
1.1 |
1.0 |
|
Fixed Benefit
Liabilities |
-5.5 |
-15.2 |
- |
- |
- |
|
Corporate Taxes
Refund |
0.5 |
- |
- |
- |
- |
|
Cash-Tax Paid |
-0.1 |
-0.5 |
- |
- |
- |
|
Cash From
Operating Activities |
1.6 |
49.5 |
92.3 |
26.2 |
21.4 |
|
|
|
|
|
|
|
|
Decrease in
Financial Deposit |
1.7 |
9.8 |
- |
- |
- |
|
Proceeds from Sale
of Short-term Financi |
- |
- |
- |
4.4 |
3.5 |
|
Dec-LT Finl Asset |
- |
- |
- |
0.0 |
0.0 |
|
Dec-ST Loans |
- |
- |
1.4 |
1.0 |
0.7 |
|
Dec-LT Loans |
- |
- |
0.9 |
4.0 |
3.2 |
|
Decrease in Other
Receivables |
0.9 |
3.0 |
- |
- |
- |
|
Decrease in Other
Non-Current Receivable |
0.2 |
5.8 |
- |
1.1 |
1.3 |
|
Decrease-Guarantee
Deposit |
- |
- |
0.3 |
0.2 |
0.4 |
|
Decrease-Investment
Securities |
- |
- |
1.5 |
33.9 |
0.0 |
|
Decrease-Investment
Real Estate |
- |
- |
- |
- |
82.7 |
|
Disposal-ST
Investment Assets |
- |
- |
0.7 |
0.3 |
0.7 |
|
Disp-Other
Investment Assets |
- |
- |
0.1 |
- |
- |
|
Disposal of
Securities Available-for-Sal |
1.5 |
- |
- |
- |
- |
|
Disposal of Financial
Assets Held to Mat |
0.0 |
7.5 |
- |
- |
- |
|
Disposal of
Investment in Subsidiaries |
0.9 |
- |
- |
- |
- |
|
Disp-Land |
- |
- |
0.2 |
5.3 |
0.3 |
|
Disposal of
Building |
- |
- |
0.2 |
0.3 |
0.0 |
|
Disp-Structure |
- |
- |
0.0 |
- |
0.0 |
|
Disp-Machinery |
- |
- |
0.2 |
0.3 |
1.0 |
|
Disp-Vehicles |
- |
- |
0.1 |
0.0 |
0.0 |
|
Disp-Tools/Equipmt |
- |
- |
0.0 |
0.0 |
0.0 |
|
Disposal of
Property, Plant and Equipmen |
6.3 |
3.4 |
- |
- |
- |
|
Decrease-Membership
Right |
- |
- |
- |
0.5 |
- |
|
Inc-ST Finl Asset |
-0.4 |
-2.0 |
-8.0 |
- |
-3.2 |
|
Inc-ST Loans |
- |
- |
-0.5 |
-0.7 |
-0.6 |
|
Increase in Other
Receivables |
-0.3 |
-0.4 |
- |
- |
- |
|
Increase in Other
Non-Current Receivable |
-1.0 |
-1.8 |
- |
- |
- |
|
Increase-Guarantee
Deposit |
- |
- |
-1.6 |
-1.4 |
-0.5 |
|
Increase-Investment
Securities |
- |
- |
-1.2 |
-1.0 |
-0.3 |
|
Inc-Secs Maturity |
0.0 |
-1.2 |
- |
- |
- |
|
Acq-Building |
- |
- |
-0.4 |
-0.1 |
-0.1 |
|
Acq-Structure |
- |
- |
-0.2 |
-0.3 |
-0.1 |
|
Acq-Machinery |
- |
- |
-3.8 |
-5.0 |
-4.0 |
|
Acq-Vehicles |
- |
- |
-0.3 |
-0.7 |
-0.6 |
|
Acq-Tools/Equipmt |
- |
- |
-1.0 |
-1.3 |
-0.6 |
|
Acq-Constructn
Prog |
- |
- |
-17.4 |
-12.7 |
-26.1 |
|
Acq-Mach. In
Transit |
- |
- |
-5.1 |
-3.7 |
-4.4 |
|
Purchase of
Property, Plant and Equipmen |
-65.2 |
-56.7 |
- |
- |
- |
|
Acq-Software |
- |
- |
-0.5 |
-0.7 |
-0.3 |
|
Purchase of
Intangible Assets |
-7.2 |
0.0 |
- |
- |
- |
|
Decrease-Restructuring
Reserve |
- |
- |
- |
- |
-16.9 |
|
Cash Interest
Received |
1.0 |
3.9 |
- |
- |
- |
|
Dividend Received |
0.3 |
0.2 |
- |
- |
- |
|
Cash From
Investing Activities |
-61.4 |
-28.6 |
-34.3 |
23.7 |
36.0 |
|
|
|
|
|
|
|
|
Increase in
Current Borrowings |
84.2 |
115.0 |
18.8 |
- |
41.8 |
|
Increase in
Non-Current Borrowings |
29.9 |
103.1 |
- |
161.0 |
- |
|
Increase in Bonds |
45.7 |
- |
- |
- |
- |
|
Increase-Current
Portion of Bond |
- |
- |
6.3 |
- |
- |
|
Incr-Oversea Trns
Cr |
- |
- |
- |
0.1 |
- |
|
Increase in
Government Subsidy |
2.1 |
1.5 |
- |
- |
- |
|
Dec-Curr LT Liabs |
- |
- |
-18.7 |
-201.3 |
-0.5 |
|
Decrease in
Current Borrowings |
-76.2 |
-97.9 |
-3.4 |
-17.9 |
-46.4 |
|
Decrease-Current
Portion of Bond |
0.0 |
-5.6 |
- |
- |
- |
|
Decrease in
Non-Current Borrowings |
-3.1 |
-99.3 |
-24.0 |
- |
-42.1 |
|
Decrease in
Current Portion of Long-Term |
-31.6 |
-17.3 |
- |
- |
- |
|
Redemption-Bond |
- |
- |
- |
- |
-10.1 |
|
Increase in
Treasury Stocks |
-10.6 |
- |
- |
- |
- |
|
Increase-Stock
Option |
- |
- |
0.0 |
- |
- |
|
Net Change in
Other Cash |
- |
- |
-0.1 |
-1.1 |
- |
|
Exercise of Stocks
Options |
0.4 |
- |
- |
- |
- |
|
Redemption-Debt
for Equity Swap |
- |
- |
-0.1 |
- |
- |
|
Cash Interest Paid |
-10.7 |
-12.9 |
- |
- |
- |
|
Cash From
Financing Activities |
30.2 |
-13.3 |
-21.3 |
-59.1 |
-57.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.2 |
- |
- |
0.0 |
|
Net Change in
Cash |
-29.6 |
7.8 |
36.7 |
-9.2 |
0.1 |
|
|
|
|
|
|
|
|
Net Cash Beginning Balance |
81.3 |
70.2 |
23.3 |
36.3 |
42.9 |
|
Net Cash Ending Balance |
51.8 |
77.9 |
60.0 |
27.0 |
43.0 |
|
Cash Interest Paid |
10.7 |
12.9 |
- |
- |
- |
|
Cash Taxes Paid |
-0.4 |
0.5 |
- |
- |
- |
Interim Cash Flows
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
No Financial Data
Geographic Segments
Financials in: As Reported (mil)
Annual
|
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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.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.