MIRA
INFORM REPORT
|
Report Date : |
11.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
HYOSUNG CORP |
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Registered Office : |
450, Gongdeok-Dong, Mapo-Gu Seoul, 121720 Korea |
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Country : |
South Korea |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
03.11.1966 |
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Legal Form : |
Public Parent |
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Line of Business : |
Subject is engaged in textile, industrial materials,
chemical, heavy industry, construction, trading and financial businesses. |
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No. of Employees : |
7,912 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
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Source : CIA |
Company Name and address
HYOSUNG CORP
450, Gongdeok-Dong, Mapo-Gu
Seoul, 121720
Korea, Republic of
Tel: 82-2-7077000
Fax: 82-2-7070130
Website: www.hyosung.com
Employees: 7,912
Company Type: Public Parent
Corporate Family: 91 Companies
Traded: Korea Stock Exchange: 004800
Incorporation Date: 03-Nov-1966
Auditor: PricewaterhouseCoopers
LLP
Financials in: USD (In Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: South
Korean Won
Net Income: (40.6)
Market Value: 2,146.2
(23-Nov-2012)
Business Description
HYOSUNG CORPORATION is a Korean industrial conglomerate that
is engaged in textile, industrial materials, chemical, heavy industry,
construction, trading and financial businesses. Its textile business
manufactures spandex yarns, polyester yarns and nylon yarns. Its industrial
materials business provides tire cords, steel cords, carpets and carmats. Its
chemical business mainly provides propane propylene (PP), polyethylene
terephthalate (PET) bottles, nylon films and polyester films. Its heavy
industry business provides transformers, circuit breakers, motors and speed
reducers. Its construction business constructs commercial buildings,
environment facilities, industry plants and others. Its trading business
engages in the trading of chemical and steel products, as well as importation
of automobiles. Its financial business provides various financial related
services. For the six months ended 30 June 2012, Hyosung Corp revenues
increased 15% to W6.242T. Net income before extraordinary items decreased 100%
to W35.84B. Revenues reflect Industrial Material Business segment increase of
32% to W1.268T, Power & Industrial Systems Business segment increase of 27%
to W1.162T, Trade Business segment increase of 8% to W1.566T, Domestic segment
increase of 5% to W4.819T.
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
Name |
Title |
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Chairman of the Board, Co-Chief Executive Officer |
|
|
Co-President |
|
|
Bong Gyu Cho |
Vice President |
|
S. R. Cho |
Chairman & Co-CEO |
|
Hyun-Joon Cho |
Co-President |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
1 |
Hyosung Corporation to Invest KRW 200 Billion in New
Facilities |
14-May-2012 |
|
|
1 |
Hyosung Corporation to Acquire Shares of Chinhung
International Inc. |
19-Mar-2012 |
|
|
1 |
Hyosung Corporation Declares Annual Cash Dividend
for FY 2011 |
17-Feb-2012 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Patent
Issued for Resonator, Elastic Wave Transmission Element and Fabrication
Method |
28-Nov-2012 |
|
Patent
Issued for Backlight Module and Keyboard |
28-Nov-2012 |
|
Researchers
Submit Patent Application, "Method and Apparatus for Obtaining Panoramic
Image", for Approval |
8-Nov-2012 |
|
SOMETHING
FOR THE WEEKEND? |
27-Oct-2012 |
|
On a hike
to kimchi and kindness - DESTINATION ASIA - |
27-Oct-2012 |
Financial Summary
|
As of 30-Jun-2012 |
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Stock Snapshot
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Traded: Korea Stock Exchange: 004800 |
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As of 23-Nov-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
450, Gongdeok-Dong, Mapo-Gu
Seoul, 121720
Korea, Republic of
Tel: 82-2-7077000
Fax: 82-2-7070130
Website: www.hyosung.com
Quote Symbol – Exchange 004800
- Korea Stock Exchange
Sales KRW(mil): 11,342,141.0
Assets KRW(mil): 13,623,190.0
Employees: 7,912
Fiscal Year End: 31-Dec-2011
Industry: Apparel and
Accessories
Incorporation Date: 03-Nov-1966
Company Type: Public Parent
Quoted Status: Quoted
Chairman of the Board, Co-Chief Executive Officer: Seok Rae Cho
|
ANZSIC 2006 Codes: |
||
|
1312 |
- |
Natural Textile Manufacturing |
|
3109 |
- |
Other Heavy and Civil Engineering Construction |
|
1331 |
- |
Textile Floor Covering Manufacturing |
|
2439 |
- |
Other Electrical Equipment Manufacturing |
|
1912 |
- |
Rigid and Semi-Rigid Polymer Product Manufacturing |
|
1313 |
- |
Synthetic Textile Manufacturing |
|
3322 |
- |
Metal and Mineral Wholesaling |
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3020 |
- |
Non-Residential Building Construction |
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NACE 2002 Codes: |
||
|
171 |
- |
Preparation and spinning of textile fibres |
|
1754 |
- |
Manufacture of other textiles not elsewhere classified |
|
3120 |
- |
Manufacture of electricity distribution and control apparatus |
|
4521 |
- |
General construction of buildings and civil engineering works |
|
1751 |
- |
Manufacture of carpets and rugs |
|
5152 |
- |
Wholesale of metals and ores |
|
2522 |
- |
Manufacture of plastic packing goods |
|
3110 |
- |
Manufacture of electric motors, generators and transformers |
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NAICS 2002 Codes: |
||
|
313111 |
- |
Yarn Spinning Mills |
|
314110 |
- |
Carpet and Rug Mills |
|
237990 |
- |
Other Heavy and Civil Engineering Construction |
|
423510 |
- |
Metal Service Centers and Other Metal Merchant Wholesalers |
|
335312 |
- |
Motor and Generator Manufacturing |
|
326160 |
- |
Plastics Bottle Manufacturing |
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314992 |
- |
Tire Cord and Tire Fabric Mills |
|
236210 |
- |
Industrial Building Construction |
|
335313 |
- |
Switchgear and Switchboard Apparatus Manufacturing |
|
335311 |
- |
Power, Distribution, and Specialty Transformer Manufacturing |
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US SIC 1987: |
||
|
2281 |
- |
Yarn Spinning Mills |
|
1629 |
- |
Heavy Construction, Not Elsewhere Classified |
|
5051 |
- |
Metals Service Centers and Offices |
|
3613 |
- |
Switchgear and Switchboard Apparatus |
|
1541 |
- |
General Contractors-Industrial Buildings and Warehouses |
|
3621 |
- |
Motors and Generators |
|
2273 |
- |
Carpets and Rugs |
|
3612 |
- |
Power, Distribution, and Specialty Transformers |
|
2296 |
- |
Tire Cord and Fabrics |
|
3085 |
- |
Plastics Bottles |
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UK SIC 2003: |
||
|
171 |
- |
Preparation and spinning of textile fibres |
|
45213 |
- |
Construction of civil engineering constructions |
|
1751 |
- |
Manufacture of carpets and rugs |
|
5152 |
- |
Wholesale of metals and ores |
|
3110 |
- |
Manufacture of electric motors, generators and transformers |
|
3120 |
- |
Manufacture of electricity distribution and control apparatus |
|
17549 |
- |
Manufacture of other textiles not elsewhere classified |
|
2522 |
- |
Manufacture of plastic packing goods |
|
45212 |
- |
Construction of domestic buildings |
|
UK SIC 2007: |
||
|
1310 |
- |
Preparation and spinning of textile fibres |
|
4221 |
- |
Construction of utility projects for fluids |
|
2711 |
- |
Manufacture of electric motors, generators and transformers |
|
1396 |
- |
Manufacture of other technical and industrial textiles |
|
2222 |
- |
Manufacture of plastic packing goods |
|
1393 |
- |
Manufacture of carpets and rugs |
|
4672 |
- |
Wholesale of metals and metal ores |
|
41202 |
- |
Construction of domestic buildings |
|
2712 |
- |
Manufacture of electricity distribution and control apparatus |
HYOSUNG CORPORATION is a Korean industrial conglomerate that is engaged
in textile, industrial materials, chemical, heavy industry, construction,
trading and financial businesses. Its textile business manufactures spandex
yarns, polyester yarns and nylon yarns. Its industrial materials business
provides tire cords, steel cords, carpets and carmats. Its chemical business
mainly provides propane propylene (PP), polyethylene terephthalate (PET)
bottles, nylon films and polyester films. Its heavy industry business provides
transformers, circuit breakers, motors and speed reducers. Its construction
business constructs commercial buildings, environment facilities, industry
plants and others. Its trading business engages in the trading of chemical and
steel products, as well as importation of automobiles. Its financial business
provides various financial related services. For the six months ended 30 June
2012, Hyosung Corp revenues increased 15% to W6.242T. Net income before
extraordinary items decreased 100% to W35.84B. Revenues reflect Industrial
Material Business segment increase of 32% to W1.268T, Power & Industrial
Systems Business segment increase of 27% to W1.162T, Trade Business segment
increase of 8% to W1.566T, Domestic segment increase of 5% to W4.819T.
More Business Descriptions
Operates through seven business groups including textiles; chemicals;
construction; information and communication; industrial materials; power and
industrial systems and trading; Manufacture of nylon fiber including Spandex,
Polyester fiber and technical yarn; nylon tire cords; carpeting; Polypropylene;
PET bottles; transformers; motors; civil engineering and architectural services
Synthetic Fiber Products, Specialty Chemicals, Packing Materials &
Industrial Machinery Mfr & Developer
Hyosung Corporation (Hyosung) undertakes the manufacture of power
systems and industrial machinery, and produces and trades in textile, chemical,
industrial and construction products. The company develops motors, gear
reducers, generators for power plants and supplies AC and DC motors and
industrial machinery products. It also deals in various towers, including wind
turbine tower, heat exchanger, pressure vessel, blower, crane, drawing machine
and stranding machine. The company provides a wide range of services, which
include engineering, installation, audit, maintenance, inspection, safety
diagnosis and preventive actions for power facilities. Hyosung operates through
six business groups (Performance Groups), namely, Power & Industrial
Systems PG, Textile PG, Chemicals PG, Construction PG, Industrial Materials PG
and Trading PG. Hyosung’s Power & Industrial Systems PG provides
high-voltage transformers and ultra high-voltage breakers, and strengthens its
protection and control (P&C) and engineering and service (E&S)
businesses. It is further divided into performance units such as, Power Systems
PU, Industrial Machinery PU, HYOSUNG Goodsprings PU, and Wind Energy business
division. Hyosung’s Power Systems Performance Unit offers a full spectrum of
power generation, transmission, and distribution services, from design and
engineering to the maintenance of equipment. Industrial Machinery PU
manufactures all types of motors, gear units, generators, green energy and
industrial machines. HYOSUNG Goodsprings PU producing pumps and supplying
facilities for desalination, which produces pumps for various usages, from
pumps for power plants to those for petrochemicals, shipping, building/housing,
industrial, and desalination plants. Wind Energy business division. The company
manufactures 2 MW wind turbines through its wind energy business division, and
it is also developing 5 MW offshore wind turbine systems. For the fiscal year
ended 2011, the Power & Industrial Systems PG reported revenue of
KRW2,023.28 billion, which accounted for 17.8% of the company’s revenue. In
the Textile PG, the company operates in the global chemical fiber markets.
Textile PG is further divided into performance units such as Spandex PU, Nylon
Polyster Fiber PU, and Fabric Dyeing PU. The Spandex performance unit produces
spandex and manufacturing facilities in Korea, China, Vietnam, Turkey, and
Brazil. Nylon Polyster Fiber PU is further divided into Polyester Fiber
Business division, and Nylon Fiber Business division. Polyester Fiber Business
division manufactures polyester yarns, specialty yarns, synthetic yarns,
antimicrobial yarn, hollow-core yarn, good color fastness yarn, flameretardant
yarn, elastic polyester yarn, micro fiber, and askin, among others. Nylon Fiber
Business division manufactures nylon textile filament. The business units sells
high-functional yarns, including micro fine denier fibers, N/P conjugated
yarns, anti-microbial yarns, conductive yarns, bonding yarns, CD yarns, high
tenacity yarns, among others. For the fiscal year ended 2011, the Textile PG
division reported revenue of KRW1,960.1 billion, which accounted for 16.8% of
company’s total revenue. Hyosung’s Chemicals PG specializes in various
chemical products including TPA, PP, pet bottles and all kinds of films.
Chemical PG is further divided into performance units such as Polypropylene PU,
Packaging PU, Film PU, TPA PU, Neochem PU, Optical Film PU. Polypropylene PU
produce various polypropylene grades such as homopolymer, block copolymer, and
random copolymer. Packaging PU manufactures PET bottles for juice, sports
drinks, teas and soft drinks use to the major domestic beverage companies. Film
PU manufactures polyester film and nylon film. TPA PU produces purified
terephthalic acid. Neochem PU produces nitrogen trifluoride, which is used in
the production process of semiconductor, TFT LCD, and solar cell. Optical Film
PU manufactures TAC Film, which is used in displays to protect PVA Film in
polarizer, an LCD component used in TVs, monitors, laptops, cellular phones.
For the fiscal year ended 2011, the Chemicals Performance Group reported
revenue of KRW1,538.2 billion, which accounted for 13.6% of company’s
revenue. The Industrial Materials PG is further divided into performance units such
as Tire & Industrial Reinforcements PU, Technical Yarn PU, Global Safety
Textiles, Interior PU, and Aramid Business Division. Tire & Industrial
Performance Unit manufactures nylon tire cords steel cords, bead wires and
chafers. Technical Yarn PU offers yarn for broad woven coated fabric, yarn for
seat belts, yarn for conveyor belts, rubber hoses, power transmission belts,
yarn for sling belts, straps, and sewing threads, among others. Global Safety
Textiles produces airbag textile and supplies fabric and cushion to the
automobile industry. Interior PU offers products such as carpets for cars,
yarns for carpets, PVC print tile, anti-static tiles, and commercial use
carpets. For the fiscal year ended 2011, the Industrial Materials Unit reported
revenue of KRW1,982.71 billion, which accounted for 17.5% of the company’s
revenue.Hyosung’s Trading PG is further divided into Steel & Metal
Products PU, Chemical Products PU, and Hyosung Trans-World PU. Steel &
Metal Products PU exports steel and deals with a variety of steel products such
as hot-rolled coils, wire rods, galvanized steel coils, steel plates,
electrical steel, stainless hot-rolled coils, stainless cold-rolled coils,
stainless wire rods, and bar steel. Chemical Products PU exports various
chemical products from basic petroleum products to fine chemicals. It exports
products such as terephthalic acid, caprolactam, fertillizers, pet chip,
polypropylene, sodium cyanide, purified isophthalic acid, polyester staple
fiber, pharmaceuticals, polytetra-methylene ether glycol, polystyrene,
expandable polystyrene, and nylon chip, among others. Hyosung Trans-World PU
offering unique logistics services to its clients. It offers containers for
import and export. For the fiscal year ended 2011, the Trading PG division
reported revenue of KRW3,053.3 billion, which accounted for 26.9% of
company’s revenue. Hyosung’s Construction PG executes the SOC,
re-development, re-construction, remodeling, large scale civil engineering and
environmental projects. It constructs apartments, villas, commercial
facilities, leisure facilities, electric facilities, plant facilities, exterior
wall insulation, and finish system. Construction PG is further divided into
Construction PU, Hyosung EBARA Engineering PU, and chinhung International.
Construction PU constructs apartments, villas, leisure facilities, and
constructs plants facilities, electric facilities, and exterior insulation
system. Hyosung EBARA Engineering PU constructs industrial plants, and has
Hyosung has competitive Engineering & Construction technologies at organic
sludge solidification, carbonization, drying and incineration related to wastes
treatment and recycling. chinhung International involves in civil works,
residential development, and construction business. For the fiscal year ended
2011, the Construction segment reported revenue of KRW478 billion, which
accounted for 4.2% of the company’s revenue. The Information &
Communication Performance Group provides financial solution services and
carries out server/storage business. Through the Information and Communication
PG, the company offers hardware and software services. It provides its services
essentially in banking domain. The company also develops storage solutions. In
June 2012, the company’s subsidiary Nautilus Hyosung acquired certificate on
bill detection for the BRM (bill recycling machine) from the European Central
Bank. The certification from ECB is a unique international certificate related
to note detection. In May 2012, the company’s Power & Industrial Systems
business group’s research and development center obtained Doble Technical
Leadership Award at International conference of doble clients. In February
2012, Hyosung’s Construction PU sold 365 apartment houses in Seongju District
in Changwon, Gyeongnam Province, Korea. In the same month, Hyosung S&DB
labs opened industrial academic cooperation course in KAIST Chemical
Biomolecular Engineering. In January 2012, Nautilus Hyosung obtained the CEN
(Comite European de Normalisation) III certificate for its ATM products for the
first time in Asia.
Hyosung Corporation (Hyosung) manufactures power systems and industrial
machinery, and produces and trades in textile, chemical, industrial and
construction products. The company develops motors, gear reducers and
generators for power plants and supplies AC and DC motors and industrial
machinery products. It deals in various towers, including wind turbine tower,
heat exchanger, pressure vessel, blower, crane, drawing machine and stranding
machine. Hyosung also manufactures wind turbines. Hyosung provides a wide range
of services such as engineering, installation, audit, maintenance, inspection,
safety diagnosis and preventive actions for power facilities. Hyosung is
headquartered in Seoul, Republic of Korea.The company reported revenues of
(Won) KRW 11,342,140.66 million during the fiscal year ended December 2011, an
increase of 11.78% over 2010. The operating profit of the company was KRW 288,837.60
million during the fiscal year 2011, a decrease of 61.71% from 2010. The net
loss of the company was KRW 44,987.14 million during the fiscal year 2011, as
against a net profit of KRW 305,717.80 million during 2010.
Management of Companies and Enterprises
TOPLON MIPAN Swan Carpet
|
Financials in: |
KRW(mil) |
1 Year Growth |
|
Revenue: |
11,342,141.0 |
11.8% |
|
Net Income: |
-44,987.1 |
NA |
|
Assets: |
13,623,190.0 |
10.7% |
|
Long Term Debt: |
3,505,106.5 |
|
|
Total Liabilities: |
10,754,347.0 |
|
|
Working Capital: |
-1,093.7 |
|
|
Date of Financial Data: |
31-Dec-2011 |
|
Quote Symbol: |
004800 |
|
Exchange: |
Korea Stock Exchange |
|
Currency: |
KRW |
|
Stock Price: |
66,300.0 |
|
Stock Price Date: |
11-23-2012 |
|
52 Week Price Change %: |
11.6 |
|
Market Value (mil): |
2,328,286,976.0 |
|
SEDOL: |
6896838 |
|
ISIN: |
KR7004800009 |
Equity and Dept
Distribution:
All the financials reflect consolidated
data. FY'04, financial is restated. 12/03, 12/02, 12/01, 4% stock dividends.
10/1999, Rights Issue, 0.294 new shares for every 1 share held @ KRW15600
(F:1.066402). 01/2000, 2% stock dividend. 01/2001, 5% stock dividend.
|
Company |
Percentage Owned |
Country |
|
HICO America Inc |
USA |
|
|
AMERICANA (BRAZIL) Hyosung Brasil Ltda |
BRAZIL |
|
|
SAOPAULO Hyosung Do Brazil |
BRAZIL |
|
|
Baoding Hyosung Tianwei Transformer Co., Ltd |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Beijing Food & Beverage Co., Ltd. |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Container Co., Ltd. |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Spandex (Guangdong) Co., Ltd. |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Zhangjiagang Xiao-sha Coil Service Co., Ltd. |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Chemical Fiber (Jiaxing) Co., Ltd. |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Film (Jiaxing) Co., Ltd. |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Spandex (Jiaxing) Co., Ltd |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung International Trade (Jiaxing)Co., Ltd |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Steel Cord (Nanjing) Co., Ltd. |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Nantong Hyosung Transformer Co., Ltd |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Steelcord (Qingdao) Co., Ltd. |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung Spandex (Zhuhai) Co., Ltd |
PEOPLE'S REPUBLIC OF CHINA |
|
|
Hyosung (HK) Ltd |
HONG KONG SAR |
|
|
Myanmar Hyosung Co., Ltd. |
MYANMAR |
|
|
Hyosung Singapore Pte, Ltd. |
SINGAPORE |
|
|
OpCo GmbH |
GERMANY |
|
|
Hyosung Luxembourg S.A |
LUXEMBOURG |
|
|
Hyosung Istanbul Tekstil Ltd Sti |
TURKEY |
|
|
ChinHung International Inc |
SOUTH KOREA |
|
|
Hyosung Itx Co Ltd |
SOUTH KOREA |
|
|
Hyosung Vietnam Co Ltd |
100% |
VIETNAM |
|
Beijing Hyosung Computer Technology. Co., Ltd |
PEOPLE'S REPUBLIC OF CHINA |
|
|
The Class Hyosung Co Ltd |
SOUTH KOREA |
|
|
Dallas Nautilus Hyosung America, Inc. |
USA |
|
|
DECATUR (Alabama) Hyosung USA, Inc. |
USA |
|
|
Hyosung (America) Inc |
USA |
|
|
UTICA (NEW YORK) Hyosung USA, Inc |
USA |
Auditor: PricewaterhouseCoopers
LLP
Auditor: PricewaterhouseCoopers
LLP, Samil PricewaterhouseCoopers
Corporate
Structure News
|
Hyosung Corp |
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Seoul |
Korea, Republic of |
Apparel and Accessories |
10,237.6 |
7,912 |
|
|
Acquisition of Global Safety Textiles GmbH proposed/announced.See corporate
structure news on Hyosung Corp for details |
||||||
|
Subsidiary |
Gumi, Gyeongbuk |
Korea, Republic of |
Containers and Packaging |
80,000 |
||
|
Subsidiary |
Seoul |
Korea, Republic of |
Business Services |
178.6 |
5,692 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
3,588 |
||
|
Affiliates |
Seoul |
Korea, Republic of |
Communications Services |
800 |
||
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Computer Networks |
3.5 |
33 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Apparel and Accessories |
800 |
||
|
Subsidiary |
Seoul |
Korea, Republic of |
Apparel and Accessories |
400 |
||
|
Subsidiary |
Rost |
Luxembourg |
Miscellaneous Fabricated Products |
300 |
||
|
Subsidiary |
Seoul |
Korea, Republic of |
Construction Services |
75.2 |
230 |
|
|
Subsidiary |
Anyang, Kyonggi-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
715.8 |
||
|
Subsidiary |
Pyeongtaek, Gyeonggi-do |
Korea, Republic of |
Semiconductors |
210 |
||
|
Affiliates |
Seoul |
Korea, Republic of |
Construction Services |
14.5 |
200 |
|
|
Affiliates |
Anyang |
Korea, Republic of |
Apparel and Accessories |
200 |
||
|
Subsidiary |
Colmar-Berg |
Luxembourg |
Textiles - Non Apparel |
200 |
||
|
Affiliates |
Seoul, Kangnam Gu |
Korea, Republic of |
Apparel and Accessories |
179.1 |
100 |
|
|
Division |
Beijing |
China |
Food Processing |
1.0 |
100 |
|
|
Subsidiary |
Jiaxing, Zhejiang |
China |
Chemical Manufacturing |
100 |
||
|
Subsidiary |
Irving, TX |
United States |
Office Equipment |
80 |
||
|
Subsidiary |
Zhangjiagang, Jiangsu |
China |
Construction - Supplies and Fixtures |
70 |
||
|
Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Transportation |
100.8 |
50 |
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Auto and Truck Manufacturers |
50 |
||
|
Affiliates |
Seoul |
Korea, Republic of |
Business Services |
45 |
||
|
Division |
Tokyo |
Japan |
Apparel and Accessories |
40 |
||
|
Division |
Beijing |
China |
Apparel and Accessories |
1.0 |
30 |
|
|
Subsidiary |
Pittsburgh, PA |
United States |
Electronic Instruments and Controls |
30 |
||
|
Branch |
Greensburg, PA |
United States |
Retail (Home Improvement) |
2.5 |
8 |
|
|
Branch |
Brea, CA |
United States |
Retail (Home Improvement) |
1.7 |
5 |
|
|
Division |
Shanghai |
China |
Apparel and Accessories |
30 |
||
|
Division |
Sao Paulo |
Brazil |
Chemicals - Plastics and Rubber |
25 |
||
|
Division |
Tsim Tsa Tsui |
Hong Kong |
Apparel and Accessories |
20 |
||
|
Division |
Beijing, Chaooyang |
China |
Apparel and Accessories |
20 |
||
|
Subsidiary |
New York, NY |
United States |
Personal and Household Products |
15 |
||
|
Subsidiary |
Decatur, AL |
United States |
Apparel and Accessories |
200 |
||
|
Branch |
Utica, NY |
United States |
Electronic Instruments and Controls |
13.3 |
175 |
|
|
Branch |
Brea, CA |
United States |
Electronic Instruments and Controls |
6.8 |
5 |
|
|
Division |
Osaka |
Japan |
Apparel and Accessories |
14 |
||
|
Division |
Taipei |
Taiwan |
Apparel and Accessories |
1.0 |
13 |
|
|
Division |
Milan |
Italy |
Apparel and Accessories |
13 |
||
|
Affiliates |
Anyang, Gyeonggi |
Korea, Republic of |
Apparel and Accessories |
12 |
||
|
Division |
Dubai |
United Arab Emirates |
Apparel and Accessories |
11 |
||
|
Subsidiary |
Beomcheo-Dong |
Korea, Republic of |
Business Services |
1.0 |
10 |
|
|
Division |
Moscow |
Russian Federation |
Apparel and Accessories |
10 |
||
|
Division |
Istanbul |
Turkey |
Apparel and Accessories |
8 |
||
|
Division |
Mexico, DF |
Mexico |
Apparel and Accessories |
7 |
||
|
Division |
Kuala Lumpur |
Malaysia |
Apparel and Accessories |
6 |
||
|
Division |
Singapore |
Singapore |
Apparel and Accessories |
123.5 |
5 |
|
|
Division |
Makati, Metro Manila |
Philippines |
Apparel and Accessories |
1.0 |
5 |
|
|
Division |
Ho Chi Minh City, District 1 |
Viet Nam |
Apparel and Accessories |
5 |
||
|
Division |
Panama |
Panama |
Chemicals - Plastics and Rubber |
5 |
||
|
Division |
Bangkok |
Thailand |
Apparel and Accessories |
1.0 |
4 |
|
|
Subsidiary |
Mexico |
Mexico |
Chemicals - Plastics and Rubber |
4 |
||
|
Division |
Kaohsiung |
Taiwan |
Apparel and Accessories |
4 |
||
|
Subsidiary |
Seo-Gu |
Korea, Republic of |
Construction Services |
400.7 |
||
|
Subsidiary |
Seoul |
Korea, Republic of |
Consumer Financial Services |
33.5 |
||
|
Subsidiary |
Gumi |
Korea, Republic of |
Textiles - Non Apparel |
1.0 |
||
|
Subsidiary |
Nhon Trach District, Dong Nai Province |
Viet Nam |
Apparel and Accessories |
|||
|
Subsidiary |
Seoul |
Korea, Republic of |
Commercial Banks |
|||
|
Facility |
Jincheon, Chungcheongbuk-do |
Korea, Republic of |
Containers and Packaging |
|||
|
Subsidiary |
Seongnam, Gyeonggi-do |
Korea, Republic of |
Semiconductors |
|||
|
Subsidiary |
Suwon, Kyungkido |
Korea, Republic of |
Electronic Instruments and Controls |
|||
|
Facility |
Ulsan |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Facility |
Daegu |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Facility |
Ulsan |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Facility |
Jincheon, Chungbuk |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Facility |
Jincheon |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Facility |
Yangsan, Gyeongnam |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Facility |
Daejeon, 306-220 |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Facility |
Icheon, Gyeonggi |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Subsidiary |
Araquari, Santa Catarina |
Brazil |
Apparel and Accessories |
19 |
||
|
Subsidiary |
Zhuhai, Guangdong |
China |
Textiles - Non Apparel |
|||
|
Subsidiary |
Jiaxing, Zhejiang |
China |
Chemicals - Plastics and Rubber |
|||
|
Subsidiary |
Jiaxing, Zhejiang |
China |
Textiles - Non Apparel |
|||
|
Subsidiary |
Qingdao |
China |
Construction - Supplies and Fixtures |
|||
|
Facility |
Ulsan |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Facility |
Yeongi, Chungnam |
Korea, Republic of |
Miscellaneous Capital Goods |
|||
|
Subsidiary |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
|||
|
Affiliates |
Seoul |
Korea, Republic of |
Rental and Leasing |
|||
|
Subsidiary |
Daegu |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Division |
Yangon |
Myanmar (Burma) |
Apparel and Accessories |
|||
|
Division |
Tehran |
Iran |
Apparel and Accessories |
|||
|
Affiliates |
Kumi, Kyungbuk |
Korea, Republic of |
Apparel and Accessories |
|||
|
Affiliates |
Anyang, Gyeonggi |
Korea, Republic of |
Chemicals - Plastics and Rubber |
|||
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemicals - Plastics and Rubber |
|||
|
Division |
Guangzhou |
China |
Apparel and Accessories |
|||
|
Facility |
Anyang, Gyeonggi |
Korea, Republic of |
Textiles - Non Apparel |
|||
|
Division |
Beijing |
China |
Apparel and Accessories |
|||
|
Subsidiary |
Brea, CA |
United States |
Biotechnology and Drugs |
|||
|
Facility |
Decatur, AL |
United States |
Textiles - Non Apparel |
|||
|
Subsidiary |
Decatur, AL |
United States |
Investment Services |
|||
|
Subsidiary |
Kowloon |
Hong Kong |
Electronic Instruments and Controls |
|||
Competitors Report
|
CompanyName |
Location |
Employees |
Ownership |
|
Amcor Limited |
Hawthorn,
Victoria, Australia |
32,986 |
Public |
|
Beaulieu Group,
LLC |
Dalton, Georgia,
United States |
6,800 |
Private |
|
Chemtura
Corporation |
Middlebury,
Connecticut, United States |
4,500 |
Public |
|
Daewoo
International Corporation |
Seoul, Korea,
Republic of |
1,978 |
Public |
|
Dow Advanced
Materials |
Philadelphia,
Pennsylvania, United States |
15,710 |
Private |
|
E I Du Pont De
Nemours And Co |
Wilmington,
Delaware, United States |
70,000 |
Public |
|
Eastman Chemical
Company |
Kingsport,
Tennessee, United States |
13,500 |
Public |
|
Elementis plc |
London, United
Kingdom |
1,330 |
Public |
|
Hanwha Chemical
Corp |
Seoul, Korea,
Republic of |
2,344 |
Public |
|
Huntsman LLC |
Salt Lake City,
Utah, United States |
9,100 |
Private |
|
Hyundai Heavy
Industries Co., Ltd. |
Ulsan, Korea,
Republic of |
25,914 |
Public |
|
Korea Power
Engineering Company, Inc. |
Yongin-Si, Korea,
Republic of |
Private |
|
|
LG Chem Ltd |
Seoul, Korea,
Republic of |
11,675 |
Public |
|
Mitsubishi
Electric Corporation |
Tokyo, Japan |
117,314 |
Public |
|
Mitsubishi Heavy
Industries, Ltd. |
Tokyo, Japan |
68,887 |
Public |
Board of Directors
|
|
|
||||||
|
Chairman of the Board, Co-Chief Executive Officer |
Chairman |
||||||
|
||||||||
|
Chairman & Co-CEO |
Chairman |
||||||
|
Vice Chairman of the Board, Co-Chief Executive Officer |
Vice-Chairman |
||||||
|
||||||||
|
Non-Executive Independent Director |
Director/Board Member |
||||||
|
||||||||
|
Co-President |
Director/Board Member |
||||||
|
Co-President, Director |
Director/Board Member |
||||||
|
||||||||
|
Non-Executive Independent Director |
Director/Board Member |
||||||
|
||||||||
|
Co-President & CFO |
Director/Board Member |
||||||
|
Non-Executive Independent Director |
Director/Board Member |
||||||
|
||||||||
|
Non-Executive Independent Director |
Director/Board Member |
||||||
|
||||||||
|
Non-Executive Independent Director |
Director/Board Member |
||||||
|
||||||||
|
Board Member |
Director/Board Member |
||||||
|
Co-President, Director |
Director/Board Member |
||||||
|
||||||||
|
Non-Executive Independent Director |
Director/Board Member |
||||||
|
||||||||
|
Board Member |
Director/Board Member |
||||||
|
Board Member |
Director/Board Member |
||||||
|
Director |
Director/Board Member |
||||||
|
Director |
Director/Board Member |
||||||
|
Director |
Director/Board Member |
||||||
|
Non-Executive Independent Director |
Director/Board Member |
||||||
|
||||||||
Executives
|
|
|
|||||||
|
Chairman of the Board, Co-Chief Executive Officer |
Chief Executive Officer |
|||||||
|
|||||||||
|
Chairman & Co-CEO |
Chief Executive Officer |
|||||||
|
Vice Chairman of the Board, Co-Chief Executive Officer |
Chief Executive Officer |
|||||||
|
|||||||||
|
Co-President |
President |
|||||||
|
|||||||||
|
Co-President |
President |
|||||||
|
Co-President, Director |
President |
|||||||
|
|||||||||
|
Co-President & CFO |
President |
|||||||
|
Co-President, Director |
President |
|||||||
|
|||||||||
|
Assistant Managing Director |
President |
|||||||
|
|||||||||
|
Co-President |
President |
|||||||
|
|||||||||
|
Co-President |
President |
|||||||
|
|||||||||
|
Co-President |
President |
|||||||
|
|||||||||
|
Managing Director-Chemical |
Division Head Executive |
|||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director-Business Development |
Managing Director |
|||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
Reuters |
||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Assistant Managing Director |
Managing Director |
|||||||
|
|||||||||
|
Director-Accounting |
Accounting Executive |
|||||||
|
Co-Assistant Manager-Investor Relations |
Investment Executive |
|||||||
|
Co-Assistant Manager-Investor Relations |
Investment Executive |
|||||||
|
Manager-Investor Relations |
Investment Executive |
|||||||
|
Vice President-Construction |
Manufacturing Executive |
|||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Assistant Managing Directot |
Other |
|||||||
|
|||||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Vice President |
Other |
|||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Vice President-Textile |
Other |
|||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Vice President |
Other |
|||||||
|
|||||||||
|
Manager-Privacy Policy |
Other |
|||||||
|
Hyosung Corporation to Invest KRW 200 Billion in New Facilities May 14, 2012
|
|
Hyosung Corporation to Acquire Shares of Chinhung International Inc. Mar 19, 2012
|
|
Hyosung Corporation Declares Annual Cash Dividend for FY 2011 Feb 17, 2012
|
News
|
Patent
Issued for Resonator, Elastic Wave Transmission Element and Fabrication
Method |
28-Nov-2012 |
|
Patent
Issued for Backlight Module and Keyboard |
28-Nov-2012 |
|
Researchers
Submit Patent Application, "Method and Apparatus for Obtaining Panoramic
Image", for Approval |
08-Nov-2012 |
|
On a hike
to kimchi and kindness - DESTINATION ASIA - |
27-Oct-2012 |
|
Lots of
bang for your buck |
27-Oct-2012 |
|
SOMETHING
FOR THE WEEKEND? |
27-Oct-2012 |
|
Commute
that computes |
21-Oct-2012 |
|
Cheap
thrills, classic style - Two wheels >> Hyosung GT650 S - |
21-Oct-2012 |
|
Cheap
thrills, classic style |
14-Oct-2012 |
|
Asheboro
company is cutting 310 jobs |
27-Sep-2012 |
Articles
|
Asheboro |
01-Nov-2012 |
|
Hyosung
Corp Receives Patent for a Method of Preparing Cellulose Solution |
12-Apr-2012 |
|
Hyosung
Corp Receives Patent for Method of Producing a Polyester Multifilament Yarn
for Rubber Reinforcement |
31-Mar-2012 |
|
KOREA,
REPUBLIC OF,QATAR : Hyosung to set up electricity substations in Qatar |
20-Dec-2011 |
Annual Income
Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net
Sales |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Total Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
|
|
|
|
|
|
|
Cost
of Revenue |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Cost of
Revenue, Total |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Gross Profit |
997.4 |
1,296.5 |
1,305.4 |
1,243.7 |
1,195.6 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
363.0 |
334.0 |
496.3 |
470.7 |
405.2 |
|
Labor
& Related Expense |
233.8 |
197.2 |
174.8 |
174.7 |
164.1 |
|
Advertising
Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Total
Selling/General/Administrative Expenses |
615.9 |
548.3 |
684.7 |
660.5 |
587.4 |
|
Research &
Development |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Depreciation |
10.5 |
8.9 |
9.8 |
14.2 |
13.7 |
|
Amortization
of Intangibles |
4.3 |
3.1 |
34.4 |
39.0 |
31.4 |
|
Depreciation/Amortization |
14.9 |
12.0 |
44.2 |
53.2 |
45.1 |
|
Investment
Income - Operating |
-1.0 |
-17.1 |
- |
- |
- |
|
Interest/Investment
Income - Operating |
-1.0 |
-17.1 |
- |
- |
- |
|
Interest
Expense (Income) - Net Operating Total |
-1.0 |
-17.1 |
- |
- |
- |
|
Impairment-Assets
Held for Use |
26.3 |
-1.3 |
- |
- |
- |
|
Loss
(Gain) on Sale of Assets - Operating |
1.5 |
2.8 |
- |
- |
- |
|
Unusual Expense
(Income) |
27.8 |
1.5 |
- |
- |
- |
|
Other
Operating Expense |
30.9 |
52.0 |
- |
- |
- |
|
Other,
Net |
-70.4 |
-50.0 |
- |
- |
- |
|
Other Operating
Expenses, Total |
-39.5 |
2.0 |
- |
- |
- |
|
Total Operating
Expense |
9,976.9 |
8,122.8 |
7,345.2 |
8,283.3 |
7,191.9 |
|
|
|
|
|
|
|
|
Operating
Income |
260.7 |
652.3 |
496.6 |
439.6 |
482.2 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
Interest
Expense, Net Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
Interest
Income - Non-Operating |
17.3 |
6.0 |
25.5 |
21.9 |
15.0 |
|
Investment
Income - Non-Operating |
-97.3 |
-2.9 |
3.3 |
-219.4 |
15.4 |
|
Interest/Investment
Income - Non-Operating |
-80.0 |
3.1 |
28.8 |
-197.6 |
30.5 |
|
Interest
Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income
(Expense) - Net Non-Operating Total |
-269.7 |
-163.4 |
-144.0 |
-367.2 |
-105.7 |
|
Gain (Loss) on
Sale of Assets |
- |
- |
0.2 |
-4.5 |
-10.0 |
|
Other
Non-Operating Income (Expense) |
- |
- |
-69.5 |
12.5 |
-45.4 |
|
Other, Net |
- |
- |
-69.5 |
12.5 |
-45.4 |
|
Income Before
Tax |
-9.0 |
488.9 |
283.3 |
80.4 |
321.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
40.3 |
139.8 |
96.3 |
-48.2 |
96.7 |
|
Income After
Tax |
-49.3 |
349.2 |
187.1 |
128.6 |
224.5 |
|
|
|
|
|
|
|
|
Minority
Interest |
7.1 |
-3.0 |
66.3 |
-21.0 |
-34.5 |
|
Equity
In Affiliates |
- |
- |
- |
- |
-11.2 |
|
Net Income
Before Extraord Items |
-42.2 |
346.1 |
253.4 |
107.7 |
178.8 |
|
Discontinued
Operations |
1.6 |
-81.7 |
- |
- |
- |
|
Total Extraord
Items |
1.6 |
-81.7 |
- |
- |
- |
|
Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income
Available to Common Excl Extraord Items |
-42.2 |
346.1 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income
Available to Common Incl Extraord Items |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Basic/Primary
Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Basic EPS Excl
Extraord Items |
-1.27 |
10.40 |
7.62 |
3.24 |
5.38 |
|
Basic/Primary EPS
Incl Extraord Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dilution
Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Diluted Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
Diluted Weighted
Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Diluted EPS Excl
Extraord Items |
-1.27 |
10.40 |
7.62 |
3.24 |
5.38 |
|
Diluted EPS Incl
Extraord Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dividends per
Share - Common Stock Primary Issue |
0.90 |
1.08 |
0.78 |
0.68 |
0.81 |
|
Gross Dividends -
Common Stock |
30.0 |
36.0 |
26.1 |
22.7 |
26.9 |
|
Interest Expense,
Supplemental |
189.7 |
166.5 |
172.8 |
169.6 |
136.2 |
|
Depreciation,
Supplemental |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Total Special
Items |
27.8 |
1.5 |
-0.2 |
4.5 |
-13.5 |
|
Normalized
Income Before Tax |
18.8 |
490.4 |
283.2 |
84.9 |
307.7 |
|
|
|
|
|
|
|
|
Effect of Special
Items on Income Taxes |
9.7 |
0.4 |
-0.1 |
1.6 |
3.0 |
|
Inc Tax Ex Impact
of Sp Items |
50.1 |
140.2 |
96.2 |
-46.6 |
99.7 |
|
Normalized
Income After Tax |
-31.3 |
350.2 |
186.9 |
131.5 |
208.0 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
-24.2 |
347.2 |
253.3 |
110.6 |
162.3 |
|
|
|
|
|
|
|
|
Basic Normalized
EPS |
-0.73 |
10.44 |
7.61 |
3.32 |
4.88 |
|
Diluted Normalized
EPS |
-0.73 |
10.44 |
7.61 |
3.32 |
4.88 |
|
Amort of
Acquisition Costs, Supplemental |
- |
- |
- |
- |
-23.5 |
|
Amort of
Intangibles, Supplemental |
9.6 |
9.1 |
37.3 |
40.1 |
31.8 |
|
Rental Expenses |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
Advertising
Expense, Supplemental |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Research &
Development Exp, Supplemental |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Normalized EBIT |
287.5 |
636.8 |
496.6 |
439.6 |
482.2 |
|
Normalized EBITDA |
669.6 |
989.8 |
803.3 |
776.7 |
823.6 |
Annual Balance
Sheet
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified Normal |
Reclassified Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
PricewaterhouseCoopers LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash
& Equivalents |
457.1 |
548.6 |
385.1 |
380.6 |
215.3 |
|
Short
Term Investments |
21.5 |
51.4 |
52.3 |
13.2 |
68.8 |
|
Cash and Short
Term Investments |
478.6 |
600.0 |
437.4 |
393.8 |
284.1 |
|
Accounts
Receivable - Trade, Gross |
1,865.4 |
2,092.3 |
1,471.8 |
1,058.9 |
882.7 |
|
Provision
for Doubtful Accounts |
-18.0 |
-165.2 |
-57.5 |
-19.5 |
-20.9 |
|
Trade
Accounts Receivable - Net |
1,936.6 |
2,060.9 |
1,435.8 |
1,056.5 |
875.0 |
|
Other
Receivables |
242.9 |
435.9 |
289.8 |
276.9 |
45.4 |
|
Total
Receivables, Net |
2,179.6 |
2,496.8 |
1,725.6 |
1,333.4 |
920.4 |
|
Inventories
- Finished Goods |
706.2 |
377.3 |
334.6 |
429.6 |
316.5 |
|
Inventories
- Work In Progress |
376.3 |
181.5 |
145.4 |
169.0 |
183.2 |
|
Inventories
- Raw Materials |
433.0 |
462.1 |
306.2 |
271.6 |
272.9 |
|
Inventories
- Other |
212.5 |
357.8 |
208.7 |
113.1 |
124.1 |
|
Total Inventory |
1,728.0 |
1,378.8 |
994.9 |
983.3 |
896.7 |
|
Prepaid Expenses |
55.4 |
35.4 |
24.4 |
24.7 |
17.3 |
|
Deferred
Income Tax - Current Asset |
- |
- |
20.9 |
80.3 |
16.5 |
|
Other
Current Assets |
0.0 |
0.0 |
160.4 |
99.9 |
28.4 |
|
Other Current
Assets, Total |
0.0 |
0.0 |
181.3 |
180.3 |
45.0 |
|
Total Current
Assets |
4,441.5 |
4,511.0 |
3,363.6 |
2,915.4 |
2,163.5 |
|
|
|
|
|
|
|
|
Buildings |
1,140.0 |
1,034.1 |
1,022.8 |
902.7 |
1,081.9 |
|
Land/Improvements |
1,255.3 |
1,257.7 |
1,404.0 |
1,289.9 |
795.3 |
|
Machinery/Equipment |
4,792.4 |
4,320.0 |
3,853.5 |
3,439.4 |
3,778.6 |
|
Construction
in Progress |
369.6 |
138.2 |
300.6 |
226.4 |
260.9 |
|
Natural
Resources |
- |
- |
0.8 |
0.8 |
1.4 |
|
Other
Property/Plant/Equipment |
72.7 |
39.0 |
- |
- |
- |
|
Property/Plant/Equipment
- Gross |
7,630.1 |
6,789.1 |
6,581.7 |
5,859.1 |
5,918.2 |
|
Accumulated
Depreciation |
-3,350.7 |
-3,084.8 |
-2,818.6 |
-2,392.2 |
-2,873.7 |
|
Property/Plant/Equipment
- Net |
4,279.4 |
3,704.2 |
3,763.1 |
3,467.0 |
3,044.5 |
|
Goodwill, Net |
125.7 |
80.1 |
64.1 |
85.5 |
171.4 |
|
Intangibles,
Net |
265.6 |
150.9 |
53.7 |
47.8 |
39.1 |
|
LT
Investment - Affiliate Companies |
224.8 |
169.3 |
85.5 |
65.4 |
82.9 |
|
LT
Investments - Other |
2,263.3 |
2,059.4 |
1,352.1 |
1,303.1 |
1,549.1 |
|
Long Term
Investments |
2,488.1 |
2,228.7 |
1,437.6 |
1,368.5 |
1,632.0 |
|
Note Receivable -
Long Term |
182.7 |
143.9 |
0.3 |
0.3 |
0.2 |
|
Deferred
Income Tax - Long Term Asset |
29.6 |
19.7 |
9.0 |
7.8 |
1.3 |
|
Other
Long Term Assets |
13.0 |
8.3 |
137.4 |
109.3 |
88.6 |
|
Other Long Term
Assets, Total |
42.6 |
28.0 |
146.4 |
117.1 |
90.0 |
|
Total Assets |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,618.6 |
1,835.8 |
1,173.2 |
977.1 |
733.1 |
|
Accrued Expenses |
- |
- |
70.4 |
69.0 |
54.8 |
|
Notes
Payable/Short Term Debt |
2,702.8 |
1,891.2 |
1,385.5 |
1,387.4 |
1,191.4 |
|
Current Portion -
Long Term Debt/Capital Leases |
818.7 |
1,164.5 |
964.9 |
716.3 |
538.3 |
|
Customer
Advances |
331.0 |
237.0 |
237.7 |
205.8 |
134.0 |
|
Security
Deposits |
- |
- |
139.8 |
82.3 |
160.4 |
|
Income
Taxes Payable |
16.0 |
92.7 |
26.1 |
14.7 |
61.9 |
|
Other
Payables |
- |
- |
229.1 |
178.2 |
157.5 |
|
Deferred
Income Tax - Current Liability |
- |
- |
0.0 |
0.0 |
0.1 |
|
Other
Current Liabilities |
44.7 |
37.8 |
76.1 |
95.1 |
28.5 |
|
Other Current
liabilities, Total |
391.6 |
367.4 |
708.8 |
576.0 |
542.4 |
|
Total Current
Liabilities |
5,531.7 |
5,258.9 |
4,302.8 |
3,725.8 |
3,060.0 |
|
|
|
|
|
|
|
|
Long
Term Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
Total Long Term
Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
Total Debt |
6,564.2 |
5,263.0 |
3,925.5 |
3,890.4 |
3,828.8 |
|
|
|
|
|
|
|
|
Deferred
Income Tax - LT Liability |
324.5 |
295.6 |
- |
- |
- |
|
Deferred Income
Tax |
324.5 |
295.6 |
- |
- |
- |
|
Minority Interest |
79.4 |
133.5 |
276.5 |
213.2 |
134.2 |
|
Reserves |
- |
- |
36.0 |
17.1 |
11.3 |
|
Pension
Benefits - Underfunded |
45.9 |
47.8 |
52.8 |
46.5 |
56.3 |
|
Other
Long Term Liabilities |
311.2 |
289.4 |
251.6 |
275.3 |
138.8 |
|
Other
Liabilities, Total |
357.1 |
337.2 |
340.4 |
338.9 |
206.4 |
|
Total
Liabilities |
9,335.4 |
8,232.5 |
6,494.8 |
6,064.5 |
5,499.6 |
|
|
|
|
|
|
|
|
Common
Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Common Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Additional Paid-In
Capital |
395.2 |
403.9 |
1,004.1 |
933.1 |
1,254.3 |
|
Retained Earnings
(Accumulated Deficit) |
1,921.2 |
2,033.1 |
509.5 |
213.9 |
223.0 |
|
Treasury Stock -
Common |
-29.7 |
-30.1 |
-29.4 |
-27.2 |
-36.5 |
|
Unrealized Gain
(Loss) |
11.6 |
14.3 |
610.7 |
529.5 |
25.4 |
|
Translation
Adjustment |
32.8 |
11.3 |
89.8 |
148.4 |
-12.8 |
|
Other
Equity |
-0.4 |
0.2 |
-1.5 |
- |
- |
|
Other
Comprehensive Income |
7.2 |
26.9 |
- |
- |
- |
|
Other Equity,
Total |
39.6 |
38.4 |
88.4 |
148.4 |
-12.8 |
|
Total Equity |
2,490.3 |
2,614.2 |
2,334.0 |
1,937.1 |
1,641.0 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholders’ Equity |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Shares
Outstanding - Common Stock Primary Issue |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Total Common
Shares Outstanding |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Treasury Shares -
Common Stock Primary Issue |
1.8 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Employees |
7,614 |
7,786 |
7,047 |
6,340 |
5,920 |
|
Number of Common
Shareholders |
- |
32,363 |
- |
20,913 |
21,588 |
|
Deferred Revenue -
Current |
331.0 |
237.0 |
237.7 |
205.8 |
134.0 |
|
Total Long Term
Debt, Supplemental |
3,338.6 |
2,830.9 |
2,542.9 |
2,505.8 |
2,640.2 |
|
Long Term Debt
Maturing within 1 Year |
293.6 |
620.9 |
964.9 |
716.3 |
538.3 |
|
Long Term Debt
Maturing in Year 2 |
1,091.7 |
596.3 |
823.6 |
901.9 |
694.3 |
|
Long Term Debt
Maturing in Year 3 |
607.9 |
510.6 |
500.1 |
648.2 |
689.6 |
|
Long Term Debt
Maturing in Year 4 |
607.9 |
510.6 |
183.7 |
136.0 |
114.7 |
|
Long Term Debt
Maturing in Year 5 |
607.9 |
510.6 |
37.5 |
- |
- |
|
Long Term Debt
Maturing in 2-3 Years |
1,699.7 |
1,106.9 |
1,323.7 |
1,550.1 |
1,383.9 |
|
Long Term Debt
Maturing in 4-5 Years |
1,215.9 |
1,021.3 |
221.3 |
136.0 |
114.7 |
|
Long Term Debt
Matur. in Year 6 & Beyond |
129.5 |
81.9 |
33.1 |
103.4 |
603.4 |
|
Total Operating
Leases, Supplemental |
145.6 |
78.7 |
15.5 |
11.6 |
0.8 |
|
Operating Lease
Payments Due in Year 1 |
70.1 |
39.0 |
5.9 |
3.5 |
0.8 |
|
Operating Lease
Payments Due in Year 2 |
18.9 |
9.9 |
2.4 |
3.5 |
- |
|
Operating Lease
Payments Due in Year 3 |
18.9 |
9.9 |
2.4 |
3.5 |
- |
|
Operating Lease
Payments Due in Year 4 |
18.9 |
9.9 |
2.4 |
1.1 |
- |
|
Operating Lease
Payments Due in Year 5 |
18.9 |
9.9 |
2.4 |
- |
- |
|
Operating Lease
Pymts. Due in 2-3 Years |
37.8 |
19.9 |
4.8 |
7.0 |
- |
|
Operating Lease
Pymts. Due in 4-5 Years |
37.8 |
19.9 |
4.8 |
1.1 |
- |
|
Oper. Lse. Pymts.
Due in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
Annual Cash Flows
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-9.0 |
488.9 |
187.1 |
128.6 |
213.3 |
|
Depreciation |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Depreciation/Depletion |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amortization of Intangibles |
- |
- |
37.3 |
40.1 |
32.6 |
|
Amortization |
- |
- |
37.3 |
40.1 |
32.6 |
|
Deferred Taxes |
- |
- |
44.1 |
-62.9 |
36.7 |
|
Discontinued Operations |
-58.0 |
-119.1 |
- |
- |
- |
|
Unusual Items |
139.1 |
4.3 |
29.4 |
8.1 |
5.5 |
|
Equity in Net Earnings (Loss) |
-43.5 |
-18.0 |
-5.4 |
3.0 |
-4.5 |
|
Other Non-Cash Items |
174.6 |
128.1 |
115.0 |
128.6 |
66.8 |
|
Non-Cash Items |
212.2 |
-4.6 |
139.0 |
139.6 |
67.8 |
|
Accounts Receivable |
-436.2 |
-370.8 |
-291.3 |
-78.2 |
-257.6 |
|
Inventories |
-402.8 |
-244.4 |
-7.2 |
-326.1 |
-16.4 |
|
Prepaid Expenses |
- |
- |
17.7 |
-1.3 |
-216.9 |
|
Other Assets |
-330.9 |
-460.3 |
40.8 |
-39.0 |
-14.1 |
|
Accounts Payable |
395.4 |
556.4 |
129.1 |
281.3 |
-17.1 |
|
Accrued Expenses |
- |
- |
-3.7 |
20.5 |
25.5 |
|
Taxes Payable |
- |
- |
9.3 |
-38.4 |
35.6 |
|
Other Liabilities |
-22.9 |
-47.6 |
-36.7 |
-35.5 |
0.9 |
|
Other Assets & Liabilities,
Net |
-54.1 |
-3.0 |
- |
- |
- |
|
Other Operating Cash Flow |
-218.2 |
-164.3 |
-50.6 |
177.9 |
34.1 |
|
Changes in Working Capital |
-1,069.7 |
-734.0 |
-192.8 |
-38.8 |
-426.1 |
|
Cash from Operating Activities |
-493.9 |
94.4 |
484.0 |
503.6 |
257.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-962.7 |
-525.1 |
-385.7 |
-810.5 |
-378.5 |
|
Purchase/Acquisition of Intangibles |
-49.1 |
-33.4 |
-13.4 |
-15.4 |
-40.7 |
|
Capital Expenditures |
-1,011.8 |
-558.5 |
-399.1 |
-825.9 |
-419.2 |
|
Sale of Business |
12.1 |
53.4 |
- |
- |
- |
|
Sale of Fixed Assets |
21.2 |
31.0 |
62.7 |
27.8 |
44.4 |
|
Sale/Maturity of Investment |
142.9 |
135.8 |
150.9 |
170.5 |
40.8 |
|
Purchase of Investments |
-223.6 |
-96.3 |
-203.6 |
-220.5 |
-65.0 |
|
Sale of Intangible Assets |
4.5 |
2.1 |
- |
- |
- |
|
Other Investing Cash Flow |
-143.0 |
110.0 |
-61.2 |
3.8 |
-16.3 |
|
Other Investing Cash Flow Items, Total |
-186.0 |
236.0 |
-51.2 |
-18.4 |
3.9 |
|
Cash from Investing Activities |
-1,197.8 |
-322.5 |
-450.3 |
-844.3 |
-415.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
117.8 |
-67.9 |
-612.4 |
-397.7 |
-597.2 |
|
Financing Cash Flow Items |
117.8 |
-67.9 |
-612.4 |
-397.7 |
-597.2 |
|
Cash Dividends Paid - Common |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Total Cash Dividends Paid |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Sale/Issuance
of Common |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Common Stock, Net |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Issuance (Retirement) of Stock, Net |
8.2 |
0.4 |
105.9 |
- |
2.3 |
|
Short Term
Debt Issued |
4,794.0 |
4,233.7 |
5,105.4 |
7,617.3 |
5,407.7 |
|
Short Term
Debt Reduction |
-4,692.1 |
-4,272.9 |
-5,189.1 |
-7,523.4 |
-5,468.8 |
|
Short Term Debt, Net |
101.9 |
-39.2 |
-83.6 |
93.9 |
-61.1 |
|
Long Term
Debt Issued |
1,833.1 |
1,281.4 |
695.5 |
1,211.5 |
781.9 |
|
Long Term
Debt Reduction |
-417.7 |
-741.7 |
-142.9 |
-291.1 |
- |
|
Long Term Debt, Net |
1,415.4 |
539.7 |
552.5 |
920.4 |
781.9 |
|
Issuance (Retirement) of Debt, Net |
1,517.3 |
500.5 |
468.9 |
1,014.3 |
720.8 |
|
Cash from Financing Activities |
1,605.1 |
403.4 |
-57.9 |
593.2 |
108.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-1.0 |
- |
- |
- |
|
Net Change in Cash |
-86.7 |
174.2 |
-24.2 |
252.5 |
-49.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
562.0 |
364.3 |
375.6 |
183.1 |
266.6 |
|
Net Cash - Ending Balance |
475.3 |
538.5 |
351.4 |
435.6 |
216.8 |
|
Cash Interest Paid |
230.4 |
216.6 |
- |
- |
- |
|
Cash Taxes Paid |
146.7 |
76.9 |
- |
- |
- |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
Total Revenue |
10,237.6 |
8,775.2 |
7,841.8 |
8,722.9 |
7,674.2 |
|
|
|
|
|
|
|
|
Cost of Revenue |
9,240.2 |
7,478.7 |
6,536.4 |
7,479.2 |
6,478.5 |
|
Salaries & Wages |
192.7 |
167.6 |
146.5 |
145.5 |
136.4 |
|
Retirement Allowance |
16.0 |
12.2 |
13.4 |
13.4 |
14.2 |
|
Employee Benefits |
25.0 |
17.3 |
14.9 |
15.8 |
13.5 |
|
Education & Training |
3.8 |
4.6 |
3.4 |
4.2 |
3.2 |
|
Travel Expenses |
25.6 |
21.7 |
20.1 |
20.6 |
16.0 |
|
Vehicle & Transport. |
- |
- |
3.8 |
4.0 |
3.9 |
|
Communication Exp. |
7.0 |
5.5 |
4.5 |
5.3 |
5.0 |
|
Taxes and Dues |
15.9 |
12.7 |
12.9 |
10.7 |
8.0 |
|
Insurance Expenses |
- |
- |
2.8 |
3.5 |
2.5 |
|
Rent |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
Depreciation Expense |
10.5 |
8.9 |
9.8 |
14.2 |
13.7 |
|
Amort of Intangibles |
4.3 |
3.1 |
34.4 |
39.0 |
31.4 |
|
Overseas Branch Exp. |
18.3 |
14.8 |
14.3 |
17.2 |
15.5 |
|
Advertising Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Shipping & Storage Expense |
47.6 |
41.2 |
- |
- |
- |
|
Shipping/Handling |
- |
- |
37.7 |
41.6 |
39.2 |
|
Commissions Paid |
59.7 |
61.5 |
67.0 |
49.2 |
32.4 |
|
Exporting Expenses |
84.9 |
76.1 |
175.8 |
192.2 |
174.5 |
|
Entertainment |
11.3 |
10.0 |
- |
- |
- |
|
Research & Development Expense |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Amort. of Bad Debts |
- |
- |
39.3 |
11.3 |
4.1 |
|
Services Expenses |
- |
- |
12.4 |
14.0 |
8.5 |
|
Volunteer Expense |
- |
- |
9.1 |
18.1 |
19.4 |
|
Misc Sales & Adm Exp |
- |
- |
75.8 |
62.3 |
58.7 |
|
Other Selling and Administrative Expense |
67.6 |
68.9 |
- |
- |
- |
|
Adjustment for Selling and Administrativ |
0.0 |
0.0 |
- |
- |
- |
|
Rental Income |
-1.1 |
-1.1 |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
-3.1 |
-8.3 |
- |
- |
- |
|
Gain on Disposal of Intangible Assets |
0.0 |
- |
- |
- |
- |
|
Gain on Disposal of Other Assets |
- |
-0.2 |
- |
- |
- |
|
Gain on Disposal of Investment in Real E |
-0.1 |
-1.5 |
- |
- |
- |
|
Recovery of Impairment Loss on Property, |
- |
-5.3 |
- |
- |
- |
|
Recovery of Impairment Loss on Intangibl |
0.0 |
- |
- |
- |
- |
|
Miscellaneous Income |
-61.4 |
-44.2 |
- |
- |
- |
|
Gain on Purchase at Bargain Price |
- |
-2.4 |
- |
- |
- |
|
Gain on Derivative Transactions |
-31.6 |
-14.7 |
- |
- |
- |
|
Gain on Valuation of Derivatives |
-5.4 |
-15.4 |
- |
- |
- |
|
Reversal of Allowance for Doubtful Accou |
-2.6 |
-0.2 |
- |
- |
- |
|
Recovery of Allowance for Other Assets |
-1.3 |
- |
- |
- |
- |
|
Government Subsidy |
-2.4 |
-0.7 |
- |
- |
- |
|
Dividend Income |
-1.6 |
-1.4 |
- |
- |
- |
|
Adjustment for Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
2.2 |
8.9 |
- |
- |
- |
|
Loss on Disposal of Intangible Assets |
0.1 |
- |
- |
- |
- |
|
Loss on Disposal of Investment in Real E |
0.0 |
4.1 |
- |
- |
- |
|
Loss on Disposal of Other Assets |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Trade Receivable |
2.1 |
2.4 |
- |
- |
- |
|
Impairment Loss on Property, Plant and E |
25.9 |
3.9 |
- |
- |
- |
|
Impairment Loss on Intangible Assets |
0.4 |
0.0 |
- |
- |
- |
|
Impairment Loss on Investment in Real Es |
- |
0.0 |
- |
- |
- |
|
Miscellaneous Loss |
22.1 |
28.6 |
- |
- |
- |
|
Loss on Reduction of Other Assets |
0.4 |
16.0 |
- |
- |
- |
|
Loss on Valuation of Inventory |
0.6 |
0.2 |
- |
- |
- |
|
Loss on Derivative Transactions |
17.2 |
5.6 |
- |
- |
- |
|
Loss on Valuation of Derivatives |
18.2 |
4.6 |
- |
- |
- |
|
Loss on Scrapping of Inventory |
0.2 |
- |
- |
- |
- |
|
Donations Paid |
2.9 |
3.0 |
- |
- |
- |
|
nego Commission |
5.4 |
4.4 |
- |
- |
- |
|
Sales Incentives |
0.1 |
0.1 |
- |
- |
- |
|
Adjustment for Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
9,976.9 |
8,122.8 |
7,345.2 |
8,283.3 |
7,191.9 |
|
|
|
|
|
|
|
|
Interest Income |
17.3 |
6.0 |
25.5 |
21.9 |
15.0 |
|
Dividend Income |
- |
- |
0.2 |
0.8 |
1.3 |
|
Rental Income |
- |
- |
0.7 |
0.6 |
0.3 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
1.2 |
5.9 |
- |
|
Gain Disp of Mkt Sec |
- |
- |
- |
- |
1.9 |
|
Gain Dispose Assets |
- |
- |
4.5 |
3.0 |
4.2 |
|
Gain Disp Inv Asset |
- |
- |
1.1 |
0.7 |
13.0 |
|
G-Secs for Sale Disposal |
21.3 |
0.1 |
- |
- |
- |
|
G-Foreign Currency Transaction |
133.6 |
87.8 |
58.0 |
62.8 |
6.1 |
|
G-Foreign Exchange Translation |
70.8 |
72.2 |
104.6 |
110.6 |
40.3 |
|
G-Valuation of Derivatives |
- |
- |
13.3 |
10.5 |
0.8 |
|
G-Derivatives Trading |
- |
- |
12.5 |
5.1 |
1.5 |
|
Recovery-Loan Loss Reserve |
- |
- |
- |
14.2 |
- |
|
Recovery-Invest. Asset Reduction Loss |
- |
- |
0.7 |
0.5 |
0.0 |
|
Miscellaneous Income |
- |
- |
46.9 |
67.4 |
33.2 |
|
Sales Incentives |
- |
- |
-0.1 |
-0.1 |
-0.1 |
|
Interest Expense, Non-Operating |
-189.7 |
-166.5 |
-172.8 |
-169.6 |
-136.2 |
|
L-Trade Rcvbl Disposal |
- |
- |
-2.3 |
-3.9 |
-3.9 |
|
Loss Disp Tang. Ast |
- |
- |
-2.0 |
-3.6 |
-6.5 |
|
L-Disp. of Inv. Assets |
- |
- |
-17.8 |
-1.2 |
0.0 |
|
L-Reduct Loss of Investment Assets |
- |
- |
-5.1 |
-0.5 |
-9.6 |
|
L-Reduct of Secs. Avail.-for-Sale |
-125.4 |
0.0 |
- |
- |
-0.8 |
|
L-Secs for Sale Disposal |
-1.0 |
- |
- |
- |
- |
|
Loss Reduction of Tangible Asset |
- |
- |
- |
- |
-3.7 |
|
Loss-Reduction of Tangible Assets |
- |
- |
-7.7 |
-2.1 |
- |
|
L-Derivatives Valuation |
- |
- |
-2.4 |
-47.0 |
-2.0 |
|
L-Derivatives Transaction |
- |
- |
-17.4 |
-66.0 |
-1.1 |
|
Loss on Valuation of Financial Assets at |
-6.5 |
- |
- |
- |
- |
|
Loss-Redemption of Debentures |
- |
- |
-0.2 |
-0.8 |
- |
|
L-Foreign Currency Transaction |
-102.6 |
-108.7 |
-41.5 |
-99.5 |
-10.2 |
|
L-Foreign Exchange Translation |
-130.9 |
-72.2 |
-99.7 |
-189.2 |
-30.2 |
|
Loss on Valuation of Inventories |
- |
- |
-0.1 |
-0.1 |
0.0 |
|
Loss-Reduction of Goodwill |
- |
- |
- |
-0.5 |
- |
|
Other Amortization |
- |
- |
-43.5 |
-12.0 |
-4.4 |
|
Miscellaneous Exp. |
- |
- |
-43.3 |
-21.0 |
-34.3 |
|
Donations Paid |
- |
- |
-2.2 |
-1.7 |
-1.4 |
|
Fee & Charges Exp |
- |
- |
-30.0 |
-41.3 |
-38.7 |
|
Gain Under Equity Method |
- |
- |
7.2 |
3.9 |
7.9 |
|
Loss under Equity Method |
- |
- |
-1.8 |
-6.9 |
-3.4 |
|
Adjustment for Finance Income |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Gain/Loss on Investments in Affiliates |
43.5 |
18.0 |
- |
- |
- |
|
Net Income Before Taxes |
-9.0 |
488.9 |
283.3 |
80.4 |
321.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
40.3 |
139.8 |
96.3 |
-48.2 |
96.7 |
|
Net Income After Taxes |
-49.3 |
349.2 |
187.1 |
128.6 |
224.5 |
|
|
|
|
|
|
|
|
Loss in Affiliates |
- |
- |
- |
- |
-11.2 |
|
Gain Minority Int. |
7.1 |
-3.0 |
66.3 |
-21.0 |
-34.5 |
|
Net Income Before Extra. Items |
-42.2 |
346.1 |
253.4 |
107.7 |
178.8 |
|
Loss on Discontinued Operations |
1.6 |
-81.7 |
- |
- |
- |
|
Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-42.2 |
346.1 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Basic EPS Excluding ExtraOrdinary Items |
-1.27 |
10.40 |
7.62 |
3.24 |
5.38 |
|
Basic EPS Including ExtraOrdinary Item |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Diluted Net Income |
-40.6 |
264.4 |
253.4 |
107.7 |
178.8 |
|
Diluted Weighted Average Shares |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Diluted EPS Excluding ExtraOrd Items |
-1.27 |
10.40 |
7.62 |
3.24 |
5.38 |
|
Diluted EPS Including ExtraOrd Items |
-1.22 |
7.95 |
7.62 |
3.24 |
5.38 |
|
DPS-Common Stock |
0.90 |
1.08 |
0.78 |
0.68 |
0.81 |
|
Gross Dividends - Common Stock |
30.0 |
36.0 |
26.1 |
22.7 |
26.9 |
|
Normalized Income Before Taxes |
18.8 |
490.4 |
283.2 |
84.9 |
307.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
50.1 |
140.2 |
96.2 |
-46.6 |
99.7 |
|
Normalized Income After Taxes |
-31.3 |
350.2 |
186.9 |
131.5 |
208.0 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-24.2 |
347.2 |
253.3 |
110.6 |
162.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.73 |
10.44 |
7.61 |
3.32 |
4.88 |
|
Diluted Normalized EPS |
-0.73 |
10.44 |
7.61 |
3.32 |
4.88 |
|
Interest Expense, Supplemental |
189.7 |
166.5 |
172.8 |
169.6 |
136.2 |
|
Advertising Expense |
19.1 |
17.1 |
13.5 |
15.0 |
18.1 |
|
Rental Expense, Supplemental |
21.3 |
17.0 |
17.4 |
16.6 |
14.3 |
|
R&D Expense, Supplemental |
118.6 |
97.4 |
79.9 |
90.4 |
80.9 |
|
Depreciation, Supplemental |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amort of Acquisition Costs |
- |
- |
- |
- |
-23.5 |
|
Amort of Intangibles, Supplemental |
9.6 |
9.1 |
37.3 |
40.1 |
31.8 |
Annual Balance
Sheet
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Deposits |
457.1 |
548.6 |
385.1 |
380.6 |
215.3 |
|
ST Financial Assets |
- |
- |
48.5 |
11.2 |
68.8 |
|
ST Securities Available for Sale |
- |
- |
3.7 |
2.0 |
- |
|
Derivatives |
- |
- |
14.6 |
12.0 |
- |
|
ST Loans |
- |
- |
200.4 |
155.9 |
15.7 |
|
Trade Rcvb Gross |
1,865.4 |
2,092.3 |
1,471.8 |
1,058.9 |
882.7 |
|
Doubtful Account |
-18.0 |
-165.2 |
-57.5 |
-19.5 |
-20.9 |
|
Other Receivables |
266.1 |
573.7 |
89.4 |
121.0 |
29.8 |
|
Advance Payments |
137.7 |
136.0 |
205.7 |
107.6 |
107.7 |
|
Prepaid Expenses |
42.8 |
28.5 |
24.4 |
24.7 |
17.3 |
|
Accrued Income |
- |
- |
21.4 |
17.0 |
13.2 |
|
Deferred Income Tax |
- |
- |
20.9 |
80.3 |
16.5 |
|
Other Quick Asst |
- |
- |
15.9 |
43.9 |
19.4 |
|
Merchandise |
214.5 |
120.5 |
92.5 |
66.8 |
95.4 |
|
Manufactured Goods/ Outsourcing |
- |
- |
3.7 |
29.9 |
5.4 |
|
Trust Mfg Good |
- |
- |
0.4 |
0.3 |
0.4 |
|
Finished Goods |
470.3 |
256.9 |
195.1 |
318.1 |
198.7 |
|
Unfinished Construction Fee |
82.0 |
- |
11.1 |
69.9 |
71.9 |
|
Semi-finish Good |
201.0 |
122.0 |
84.0 |
68.6 |
63.2 |
|
Work in Progress |
93.3 |
59.5 |
50.3 |
30.4 |
48.2 |
|
Raw Materials |
238.7 |
189.6 |
196.8 |
137.7 |
139.3 |
|
Suppl. Material |
24.4 |
- |
18.0 |
30.9 |
9.7 |
|
Supplies |
- |
- |
3.0 |
5.5 |
16.4 |
|
Land in Commercial Use |
- |
- |
91.3 |
103.1 |
123.8 |
|
Goods in Transit |
- |
- |
42.8 |
14.2 |
16.6 |
|
Display Materials |
- |
- |
0.2 |
0.4 |
0.1 |
|
Other Current Assets |
- |
- |
129.9 |
44.1 |
9.1 |
|
Unbilled Constructions |
89.2 |
133.8 |
- |
- |
- |
|
Other Financial Instruments |
21.5 |
51.4 |
- |
- |
- |
|
Current Tax Assets |
12.6 |
6.9 |
- |
- |
- |
|
Finished Residential Units, Current |
30.6 |
- |
- |
- |
- |
|
Temporary Materials |
0.0 |
0.1 |
- |
- |
- |
|
Lots |
186.2 |
272.4 |
- |
- |
- |
|
Other Inventories |
78.1 |
231.7 |
- |
- |
- |
|
Allowance for Doubtful Accounts for Adva |
-3.3 |
-9.8 |
- |
- |
- |
|
Allowance for Doubtful Account for Loss |
-0.1 |
- |
- |
- |
- |
|
Allowance for Doubtful Accounts for othe |
-23.2 |
-137.8 |
- |
- |
- |
|
Allowance for Loss on Valuation of Finis |
-9.2 |
- |
- |
- |
- |
|
Allowance for Loss on Valuation of Raw M |
-1.7 |
- |
- |
- |
- |
|
Allowance for Losses on Valuation of Fin |
0.0 |
- |
- |
- |
- |
|
Allowance for Losses on Valuation of Lot |
-14.7 |
- |
- |
- |
- |
|
Adjustment for Inventories |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Other Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Trade & Other Receivables |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Assets |
4,441.5 |
4,511.0 |
3,363.6 |
2,915.4 |
2,163.5 |
|
|
|
|
|
|
|
|
LT Finl Assets |
- |
- |
65.9 |
57.9 |
57.7 |
|
Secs for Sale |
- |
- |
154.1 |
125.6 |
109.6 |
|
Securities Held to Maturities |
- |
- |
4.5 |
9.2 |
- |
|
LT Loan |
- |
- |
4.1 |
3.6 |
3.4 |
|
Affiliates Stocks |
224.8 |
169.3 |
85.5 |
65.4 |
82.9 |
|
Guarantee Dep. |
- |
- |
111.0 |
109.1 |
88.6 |
|
LT Prepaid Expense |
13.0 |
8.3 |
26.4 |
0.2 |
- |
|
Allowance for Doubtful Accounts for Non- |
-6.3 |
-6.4 |
- |
- |
- |
|
Other Non-Current Receivables |
183.6 |
142.7 |
- |
- |
- |
|
LT Trade Receivable |
5.5 |
8.4 |
0.3 |
0.3 |
0.2 |
|
Natural Resource Development Fund |
- |
- |
0.8 |
0.8 |
1.4 |
|
LA Defer Tax Dbt |
29.6 |
19.7 |
9.0 |
7.8 |
1.3 |
|
Other Inv Assets |
11.9 |
2.1 |
21.7 |
55.5 |
4.7 |
|
Other Financial Business Assets |
1,814.3 |
1,558.3 |
1,101.8 |
1,051.3 |
1,373.6 |
|
Other Non-Current Financial Assets |
101.3 |
195.4 |
- |
- |
- |
|
Investment in Properties |
335.8 |
303.5 |
- |
- |
- |
|
Land |
1,255.3 |
1,257.7 |
1,404.0 |
1,289.9 |
795.3 |
|
Land-Reduction |
0.0 |
0.0 |
- |
- |
- |
|
Buildings |
959.7 |
865.5 |
892.8 |
780.8 |
941.8 |
|
Buildings Depre. |
-218.7 |
-193.3 |
-183.8 |
-148.4 |
-220.5 |
|
Buildings-Reduction |
0.0 |
0.0 |
-6.7 |
-2.2 |
-6.1 |
|
Structures |
180.4 |
168.7 |
136.7 |
124.1 |
146.3 |
|
Structure Depre. |
-54.6 |
-50.6 |
-39.3 |
-33.8 |
-39.0 |
|
Tools/Equip./Fix |
266.6 |
226.9 |
249.8 |
202.4 |
251.1 |
|
Tool/Equip Depr. |
-180.1 |
-166.7 |
-165.0 |
-135.8 |
-185.4 |
|
Tool/Equip-Government Subsidy |
-0.6 |
-0.2 |
- |
- |
- |
|
Machinery/Equip. |
4,496.0 |
4,070.4 |
3,582.7 |
3,214.3 |
3,497.8 |
|
Mach/Equip Depre |
-2,863.0 |
-2,646.9 |
-2,411.1 |
-2,056.8 |
-2,405.2 |
|
Machinery/Equip-Government Subsidy |
-4.8 |
-5.3 |
- |
- |
- |
|
Machinery & Equipment, Reduction |
-1.7 |
-3.2 |
-6.1 |
-1.8 |
- |
|
Transport Equip. |
36.8 |
31.4 |
27.1 |
24.4 |
29.8 |
|
Transport Deprec |
-22.5 |
-21.2 |
-19.4 |
-17.2 |
-23.7 |
|
Construct. |
365.3 |
137.8 |
299.9 |
225.5 |
260.6 |
|
Mach.In Transit |
4.3 |
0.5 |
0.7 |
0.9 |
0.3 |
|
Other Property Plant & Equipment |
74.0 |
40.1 |
- |
- |
- |
|
Other Property Plant & Equipment -Reduct |
-1.3 |
-1.1 |
- |
- |
- |
|
Other Property Plant & Equipment -Deprec |
-11.8 |
-6.3 |
- |
- |
- |
|
Adjustment for Property Plant & Equipmen |
0.0 |
0.0 |
- |
- |
- |
|
Indust.-Patent |
- |
- |
6.5 |
7.2 |
5.8 |
|
Facility Use Rgt |
- |
- |
0.0 |
0.1 |
0.8 |
|
Membership Rights |
24.0 |
27.3 |
- |
- |
- |
|
Industrial Property Rights |
16.9 |
6.3 |
- |
- |
- |
|
Goodwill |
125.7 |
80.1 |
79.0 |
103.5 |
171.4 |
|
Negative Goodwill |
- |
- |
-14.9 |
-17.9 |
- |
|
Other Intangible |
224.7 |
117.3 |
47.1 |
40.5 |
32.5 |
|
Adjustment for Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Other Non-Current Assets |
0.0 |
0.0 |
- |
- |
- |
|
Allowance for Doubtful Account for Non-C |
- |
-0.8 |
- |
- |
- |
|
Adjustment for Non-Current Trade & Other |
0.0 |
0.0 |
- |
- |
- |
|
Total Assets |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
- |
- |
1,173.2 |
977.1 |
733.1 |
|
Current Trade & Other Payables |
1,618.6 |
1,835.8 |
- |
- |
- |
|
Accounts Payable |
- |
- |
229.1 |
178.2 |
157.5 |
|
Inc. Taxes Pay. |
16.0 |
92.7 |
26.1 |
14.7 |
61.9 |
|
Accrued Expenses |
- |
- |
70.4 |
69.0 |
54.8 |
|
Customer Advance |
301.9 |
210.5 |
237.7 |
205.8 |
134.0 |
|
Unearned Income |
29.1 |
26.5 |
- |
- |
- |
|
Reserve for Current Liabilities |
1.1 |
1.1 |
- |
- |
- |
|
Deposit Withheld |
- |
- |
56.1 |
47.0 |
25.1 |
|
Derivatives in Liabilities, Current |
- |
- |
13.1 |
41.7 |
- |
|
Overbilled Constructions |
24.9 |
30.3 |
- |
- |
- |
|
Other Cur Liabs. |
- |
- |
6.9 |
6.4 |
3.4 |
|
Adjustment for Other Current Liabilities |
0.0 |
0.0 |
- |
- |
- |
|
Other Current Financial Liabilities |
18.7 |
6.5 |
- |
- |
- |
|
CL Deferred Tax |
- |
- |
0.0 |
0.0 |
0.1 |
|
Security Deposit Withheld |
- |
- |
139.8 |
82.3 |
160.4 |
|
ST Borrowings |
2,702.8 |
1,891.2 |
1,385.5 |
1,387.4 |
1,191.4 |
|
Current Port LTD |
818.7 |
1,164.5 |
964.9 |
716.3 |
538.3 |
|
Adjustment for ST Borrowings |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Liabilities |
5,531.7 |
5,258.9 |
4,302.8 |
3,725.8 |
3,060.0 |
|
|
|
|
|
|
|
|
Bonds |
- |
- |
877.6 |
862.6 |
1,205.4 |
|
LT Borrowings |
3,042.6 |
2,207.3 |
697.5 |
924.1 |
893.7 |
|
Total Long Term Debt |
3,042.6 |
2,207.3 |
1,575.1 |
1,786.7 |
2,099.1 |
|
|
|
|
|
|
|
|
LT Accounts Pay |
- |
- |
9.4 |
6.6 |
6.6 |
|
Deferred Income Tax, Credit |
- |
- |
217.2 |
203.0 |
26.2 |
|
Other LT Liabs. |
- |
- |
2.4 |
1.1 |
7.6 |
|
LT Dep Withhld |
- |
- |
22.6 |
64.6 |
98.4 |
|
Retire Reserve |
45.9 |
47.8 |
167.0 |
139.3 |
56.3 |
|
Reserve-Equity Method Loss |
- |
- |
- |
0.4 |
- |
|
Rsrv-Constrctn L |
- |
- |
22.5 |
16.6 |
11.0 |
|
Reserve-Sales Guarantee |
- |
- |
0.2 |
0.1 |
0.3 |
|
Reserve-Construction Loss |
- |
- |
13.3 |
- |
- |
|
Deposit-Retirement Insurance |
- |
- |
-113.3 |
-91.6 |
- |
|
Transfer to National Pension Fund |
- |
- |
-0.9 |
-1.2 |
- |
|
Minority Int. |
79.4 |
133.5 |
276.5 |
213.2 |
134.2 |
|
Non-Current Trade & Other Payables |
299.8 |
249.2 |
- |
- |
- |
|
Deferred Income Taxes, Non-Current Liabi |
324.5 |
295.6 |
- |
- |
- |
|
Other Non-current Financial Liabilities |
0.8 |
0.5 |
- |
- |
- |
|
Other Non-Current Liabilities |
10.6 |
39.7 |
- |
- |
- |
|
Total Liabilities |
9,335.4 |
8,232.5 |
6,494.8 |
6,064.5 |
5,499.6 |
|
|
|
|
|
|
|
|
Common Stock |
152.4 |
154.7 |
150.8 |
139.4 |
187.6 |
|
Cons Capital Sur |
- |
- |
1,004.1 |
933.1 |
1,254.3 |
|
Consolidated Retained Earnings |
- |
- |
509.5 |
213.9 |
223.0 |
|
Capital Change, Equity Method (Loss) |
- |
- |
-4.9 |
-2.7 |
-2.8 |
|
Capital Change, Equity Method |
11.6 |
14.3 |
20.5 |
17.3 |
11.5 |
|
G-Secs for Sale Valuation |
- |
- |
22.8 |
11.5 |
16.5 |
|
Loss-Valu. of Sec. Available for Sale |
- |
- |
-1.0 |
-6.1 |
- |
|
Loss-Valuation of Derivatives |
- |
- |
-6.3 |
-27.7 |
0.2 |
|
Reserve for Assets Revaluation |
- |
- |
579.6 |
537.2 |
- |
|
Treasury Stock |
-29.7 |
-30.1 |
-29.4 |
-27.2 |
-36.5 |
|
Overseas Business Translation Credit |
32.8 |
11.3 |
89.8 |
148.4 |
-12.8 |
|
Other Capital Adjustment |
-0.4 |
0.2 |
-1.5 |
- |
- |
|
Additional Paid in Capital |
113.6 |
115.3 |
- |
- |
- |
|
Other Capital Surplus |
281.6 |
288.6 |
- |
- |
- |
|
Accumulated Other Comprehensive Income |
7.1 |
26.9 |
- |
- |
- |
|
Gain/Losses on Valuation of Derivatives |
0.2 |
0.0 |
- |
- |
- |
|
Retained Earnings or Accumulated Deficit |
1,921.2 |
2,033.1 |
- |
- |
- |
|
Adjustment for Other Capital Items |
0.0 |
0.0 |
- |
- |
- |
|
Total Equity |
2,490.3 |
2,614.2 |
2,334.0 |
1,937.1 |
1,641.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
11,825.7 |
10,846.8 |
8,828.8 |
8,001.6 |
7,140.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
Total Common Shares Outstanding |
33.3 |
33.3 |
33.3 |
33.3 |
33.3 |
|
T/S-Common Stock |
1.8 |
1.8 |
1.8 |
1.8 |
1.8 |
|
Deferred Revenue, Current |
331.0 |
237.0 |
237.7 |
205.8 |
134.0 |
|
Full-Time Employees |
7,614 |
7,786 |
7,047 |
6,340 |
5,920 |
|
Number of Common Shareholders |
- |
32,363 |
- |
20,913 |
21,588 |
|
Long Term Debt Maturing within 1 Year |
293.6 |
620.9 |
964.9 |
716.3 |
538.3 |
|
Long Term Debt Maturing within 2 Years |
1,091.7 |
596.3 |
823.6 |
901.9 |
694.3 |
|
Long Term Debt Maturing within 3 Years |
- |
- |
500.1 |
648.2 |
689.6 |
|
Long Term Debt Maturing within 4 Years |
- |
- |
183.7 |
136.0 |
114.7 |
|
Long Term Debt Maturing within 5 Years |
1,823.8 |
1,531.9 |
37.5 |
- |
- |
|
Long Term Debt Remaining Maturities |
129.5 |
81.9 |
33.1 |
103.4 |
603.4 |
|
Total Long Term Debt, Supplemental |
3,338.6 |
2,830.9 |
2,542.9 |
2,505.8 |
2,640.2 |
|
Operating Lease Maturing within 1 Year |
70.1 |
39.0 |
5.9 |
3.5 |
0.8 |
|
Operating Lease Maturing within 2 Year |
- |
- |
- |
3.5 |
- |
|
Operating Lease Maturing within 3 Year |
- |
- |
- |
3.5 |
- |
|
Operating Lease Maturing within 4 Year |
- |
- |
- |
1.1 |
- |
|
Operating Lease Maturing within 5Year |
75.5 |
39.7 |
9.6 |
- |
- |
|
Operating Lease-Remaining Maturities |
- |
- |
- |
- |
0.1 |
|
Total Operating Leases |
145.6 |
78.7 |
15.5 |
11.6 |
0.8 |
Annual Cash Flows
Financials in: USD (mil)
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-9.0 |
488.9 |
187.1 |
128.6 |
213.3 |
|
Depreciation |
372.6 |
344.0 |
269.4 |
297.0 |
333.0 |
|
Amort. Intangible |
- |
- |
37.2 |
39.8 |
31.8 |
|
Amortization-Development Cost |
- |
- |
0.0 |
0.3 |
0.8 |
|
Interest Income/Expense |
98.1 |
90.2 |
- |
- |
- |
|
Gain/Loss on Foreign Currency
Translatio |
60.2 |
0.2 |
- |
- |
- |
|
Provision-Doubtful Account |
- |
- |
39.3 |
11.3 |
4.1 |
|
Allowance for Doubtful
Accounts&Expenses |
0.2 |
14.4 |
- |
- |
- |
|
Retirement Allowance |
39.4 |
31.6 |
36.1 |
42.1 |
48.3 |
|
Amort. Bond Credit |
- |
- |
3.6 |
1.0 |
1.1 |
|
Loss on Reduction of Goodwill |
- |
- |
- |
0.5 |
- |
|
Payment of Plan Assets |
-37.9 |
-12.6 |
- |
- |
- |
|
Dividend Income |
-1.6 |
-1.4 |
- |
- |
- |
|
Translation Loss |
- |
- |
41.5 |
99.5 |
10.2 |
|
Translation Gain |
- |
- |
-58.0 |
-62.8 |
-6.1 |
|
Repair Service Fee |
- |
- |
9.4 |
8.6 |
3.5 |
|
Provisions |
5.4 |
2.9 |
- |
- |
- |
|
Provision-Construction Loss |
- |
- |
12.1 |
- |
- |
|
Recovery-Provision Doubtful
Account |
- |
- |
- |
-14.2 |
- |
|
Recovery-Negative Goodwill
Amortization |
- |
- |
-1.2 |
-5.9 |
- |
|
Recovery-Invest. Assets Reduction
Loss |
- |
- |
-0.7 |
-0.5 |
0.0 |
|
Recovery of Allowance for Doubtful
Accou |
-3.9 |
-0.2 |
- |
- |
- |
|
Amort-Bad Debt Expenses |
- |
- |
43.5 |
12.0 |
4.4 |
|
Gain/Loss on Derivative Assets |
12.8 |
-10.8 |
- |
- |
- |
|
Gain-Valuation of Derivatives |
- |
- |
-13.3 |
-10.5 |
-0.8 |
|
L-Derivatives Valuation |
- |
- |
2.4 |
47.0 |
2.0 |
|
Loss-Valuation of Inventory |
- |
- |
0.1 |
0.1 |
0.0 |
|
Loss-Redemption of Bond |
- |
- |
0.2 |
0.8 |
- |
|
Loss on AR Disp |
- |
- |
2.3 |
3.9 |
3.9 |
|
Loss Decr. Inv. Asst |
- |
- |
17.8 |
1.2 |
0.0 |
|
Recovery of Loss on Reduction of
Tangibl |
0.0 |
-5.3 |
- |
- |
- |
|
Loss-Reduction of Tangible Assets |
- |
- |
7.7 |
2.1 |
3.7 |
|
Loss-Reduction of Investment
Assets |
- |
- |
5.1 |
0.5 |
10.4 |
|
Loss on Reduction of Tangible
Assets, In |
26.3 |
4.0 |
- |
- |
- |
|
Loss on Reduction of Financial
Assets |
125.4 |
0.0 |
- |
- |
- |
|
Loss on Sale of Tangible Assets,
Intangi |
2.3 |
13.1 |
- |
- |
- |
|
Loss on Disposal of Financial
Assets |
1.0 |
- |
- |
- |
- |
|
Loss on Disposal of Trade
Receivables |
2.1 |
2.4 |
- |
- |
- |
|
Loss on Valuation of Financial
Assets |
6.5 |
- |
- |
- |
- |
|
Disp Tang Asst Loss |
- |
- |
2.0 |
3.6 |
6.5 |
|
Other Non-Cash Items |
1.8 |
13.9 |
- |
- |
- |
|
Adjustment for Cash Flow from
Operating |
0.0 |
0.0 |
- |
- |
- |
|
Gain Disp of Inv Ast |
- |
- |
-1.1 |
-0.7 |
-14.9 |
|
Gain Disp Tang. Ast |
- |
- |
-4.5 |
-3.0 |
-4.2 |
|
Gain on Disposal of Financial
Assets |
-21.3 |
-0.1 |
- |
- |
- |
|
Gain on Sale of Tangible Assets,
Intangi |
-3.2 |
-9.8 |
- |
- |
- |
|
Equity In Affiliates |
- |
- |
-7.2 |
-3.9 |
-7.9 |
|
Loss Equity Method |
- |
- |
1.8 |
6.9 |
3.4 |
|
Gain/Loss under Equity Method |
-43.5 |
-18.0 |
- |
- |
- |
|
Trade Receivables |
-401.2 |
-404.1 |
-317.1 |
-25.8 |
-261.2 |
|
Account Receivables |
-32.3 |
29.6 |
37.6 |
-53.6 |
4.5 |
|
Unbilled Constructions |
-2.6 |
3.8 |
- |
- |
- |
|
Accrued Income |
- |
- |
-11.8 |
1.2 |
-0.9 |
|
Other Quick Assets |
- |
- |
28.8 |
-39.0 |
-14.1 |
|
Derivatives |
- |
- |
12.0 |
- |
- |
|
Inventory |
-402.8 |
-244.4 |
73.6 |
-307.8 |
23.2 |
|
Other Financial Assets |
17.7 |
13.5 |
- |
- |
- |
|
Other Assets |
-40.6 |
60.9 |
- |
- |
- |
|
Increase-Financial Assets |
-308.0 |
-534.7 |
- |
- |
- |
|
Trade Payables |
14.8 |
538.6 |
96.8 |
134.1 |
-20.7 |
|
Account Payables |
380.6 |
17.7 |
32.3 |
147.2 |
3.6 |
|
Advanced Payment |
- |
- |
-80.8 |
-18.3 |
-39.6 |
|
Prepaid Expenses |
- |
- |
-21.9 |
-14.5 |
-6.7 |
|
Other Finance Business Asset |
- |
- |
39.6 |
13.3 |
-210.2 |
|
Deferred Taxes-Assets |
- |
- |
59.7 |
-80.6 |
-0.2 |
|
Deferred Taxes-Liab. |
- |
- |
-15.6 |
17.7 |
36.9 |
|
Advances Received |
- |
- |
19.9 |
78.6 |
14.3 |
|
Deposits Withheld |
- |
- |
9.8 |
7.3 |
-5.6 |
|
Security Deposits Withheld |
- |
- |
3.3 |
-54.0 |
50.1 |
|
Payment-Retirement Bonus |
-9.7 |
-10.1 |
-21.1 |
-25.8 |
-28.9 |
|
Payment for Defect Repair Expense |
-7.2 |
-3.3 |
- |
- |
- |
|
National Pension |
- |
- |
0.4 |
0.2 |
0.3 |
|
Deposits for Retirement Insurance |
- |
- |
-13.0 |
-14.7 |
-22.2 |
|
Rsv-Construction L |
- |
- |
-5.3 |
-8.6 |
-1.0 |
|
Reserve-Sales Loss |
- |
- |
0.1 |
-0.2 |
-0.3 |
|
Reserve-Severance & Retirement
Benefit |
-0.4 |
-24.2 |
0.1 |
- |
- |
|
Derivatives in Liabilities |
- |
- |
-31.6 |
- |
- |
|
Other Currency Liabilities |
- |
- |
-0.3 |
2.3 |
-9.5 |
|
Other LT Liabilities |
- |
- |
1.0 |
-20.6 |
3.8 |
|
Other Financial Liabilities |
-5.5 |
-9.9 |
- |
- |
- |
|
Other Operating Assets &
Liabilities |
-54.1 |
-3.0 |
- |
- |
- |
|
Accrued Expenses |
- |
- |
-3.7 |
20.5 |
25.5 |
|
Accrued Income Taxes |
- |
- |
9.3 |
-38.4 |
35.6 |
|
Discontinued Operations |
-58.0 |
-119.1 |
- |
- |
- |
|
Overseas Business Translation
Debit |
-0.4 |
0.1 |
-50.6 |
177.9 |
34.1 |
|
Cash-Tax Paid |
-146.7 |
-76.9 |
- |
- |
- |
|
Cash-Interest Paid |
-230.4 |
-216.6 |
- |
- |
- |
|
Cash-Interest Received |
157.6 |
127.7 |
- |
- |
- |
|
Cash-Dividend Income |
1.6 |
1.4 |
- |
- |
- |
|
Cash from Operating Activities |
-493.9 |
94.4 |
484.0 |
503.6 |
257.3 |
|
|
|
|
|
|
|
|
Decrease-ST Financial Assets |
- |
- |
129.1 |
137.3 |
- |
|
Decrease-LT Financial Assets |
- |
- |
9.9 |
0.5 |
- |
|
Dec-Secs for Sale |
- |
- |
5.6 |
31.7 |
40.8 |
|
Decrease-ST Loans |
- |
- |
122.4 |
204.8 |
- |
|
Decrease in LT Loans |
- |
- |
0.5 |
1.3 |
0.5 |
|
Dec-Guarantee Dep |
- |
- |
45.8 |
14.4 |
25.3 |
|
Decrease-Other Investment Assets |
- |
- |
36.8 |
0.8 |
7.2 |
|
Disposal of Land |
- |
- |
6.5 |
9.8 |
11.2 |
|
Disposal of Building |
- |
- |
6.1 |
8.7 |
16.7 |
|
Disposal Structure |
- |
- |
0.7 |
- |
0.0 |
|
Disposal Mach./Equip |
- |
- |
8.0 |
6.6 |
8.4 |
|
Disposal Trans Equip |
- |
- |
1.2 |
1.0 |
0.7 |
|
Disp Tools/Supplies |
- |
- |
2.5 |
1.0 |
0.2 |
|
Disposal-Construction in Progress |
- |
- |
0.8 |
- |
- |
|
Disposal of Property, Plant and
Equipmen |
21.2 |
31.0 |
- |
- |
- |
|
Disposal of Other Financial
Instruments |
140.5 |
97.5 |
- |
- |
- |
|
Disposal of Other Non-Current
Financial |
0.1 |
0.0 |
- |
- |
- |
|
Disposal of Investment Properties |
0.1 |
37.5 |
- |
- |
- |
|
Disposal of Investment Securities
in Aff |
2.2 |
0.8 |
- |
- |
- |
|
Disposal of Intangible Assets |
4.5 |
2.1 |
- |
- |
- |
|
Disposal of Other
Non-CurrentAssets |
0.0 |
- |
- |
- |
- |
|
Disposal-Securities under Equity
Method |
- |
- |
0.7 |
1.0 |
- |
|
Disposal-Securities Held to
Maturities |
- |
- |
5.6 |
0.0 |
- |
|
Acq-Secs for Sale |
- |
- |
-17.4 |
-60.9 |
-10.9 |
|
Acq-Affiliates Stock |
- |
- |
-10.3 |
-7.0 |
-14.6 |
|
Inc-ST Finl Assets |
- |
- |
-162.7 |
-87.6 |
-34.5 |
|
Inc-LT Finl Assets |
- |
- |
-13.2 |
-17.0 |
-5.0 |
|
Increase-Securities Held to
Maturities |
- |
- |
0.0 |
-42.9 |
- |
|
Increase-Other Investment Assets |
- |
- |
- |
-5.1 |
- |
|
Increase in ST Loans |
- |
- |
-180.6 |
-158.3 |
-10.7 |
|
Increase in LT Loans |
- |
- |
-7.8 |
-2.6 |
-1.6 |
|
Increase in Other Receivables |
-83.3 |
-47.1 |
- |
- |
- |
|
Increase in LT Other Receivables |
-72.1 |
-110.2 |
- |
- |
- |
|
Inc in Guarant Depos |
- |
- |
-41.5 |
-55.8 |
-29.8 |
|
Others |
-4.3 |
66.6 |
- |
- |
- |
|
Decreas in Other Receivables |
0.3 |
1.4 |
- |
- |
- |
|
Decreas in LT Other Receivables |
26.2 |
201.4 |
- |
- |
- |
|
Purchase of Other
Non-CurrentAssets |
-9.8 |
-2.2 |
- |
- |
- |
|
Purchase of Other Financial
Instruments |
-82.9 |
-56.6 |
- |
- |
- |
|
Purchase of Other Non-Current
FinancialA |
-18.1 |
-34.9 |
- |
- |
- |
|
Purchase of Securies in
Affiliates&Subsi |
-120.5 |
2.2 |
- |
- |
- |
|
Purchase of Investment Properties |
-2.1 |
-7.0 |
- |
- |
- |
|
Acquisition of Land |
- |
- |
-12.6 |
-16.5 |
-21.3 |
|
Acquis. of Building |
- |
- |
-36.1 |
-137.0 |
-23.1 |
|
Purch. of Structure |
- |
- |
-4.4 |
-8.5 |
-2.7 |
|
Purch. of Mach/Equip |
- |
- |
-113.7 |
-258.4 |
-134.7 |
|
Acq. of Trans Equip |
- |
- |
-3.2 |
-4.1 |
-3.3 |
|
Acq. in Tools/Suppl. |
- |
- |
-31.9 |
-33.7 |
-17.7 |
|
Inc. Const. In Prog |
- |
- |
-174.6 |
-342.3 |
-144.9 |
|
Inc-Equip.in Transit |
- |
- |
-9.2 |
-10.0 |
-30.8 |
|
Purchase of Property, Plant and
Equipmen |
-962.7 |
-525.1 |
- |
- |
- |
|
Purchase of Intangible Assets |
-49.1 |
-33.4 |
- |
- |
- |
|
Inc-Goodwill |
- |
- |
- |
- |
-27.9 |
|
Inc Industrial Right |
- |
- |
-1.4 |
-2.5 |
-1.8 |
|
Inc Facility Use Rgt |
- |
- |
- |
- |
-1.0 |
|
Acq-Other Intangible |
- |
- |
-12.0 |
-13.0 |
-9.9 |
|
Discontinued Business |
12.1 |
53.4 |
- |
- |
- |
|
Cash from Investing Activities |
-1,197.8 |
-322.5 |
-450.3 |
-844.3 |
-415.3 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
4,794.0 |
4,233.7 |
5,105.4 |
7,617.3 |
5,407.7 |
|
Inc due to Con Scope |
- |
- |
73.1 |
75.2 |
34.3 |
|
Inc-Current Portion of LT
Liabilities |
- |
- |
3.9 |
- |
- |
|
Inc in LT Borrowings |
- |
- |
168.3 |
465.2 |
320.0 |
|
Increase in Bonds |
- |
- |
527.2 |
746.3 |
461.9 |
|
Capital Increase |
8.2 |
0.4 |
105.9 |
- |
- |
|
Issuance Common Stk |
- |
- |
- |
- |
2.3 |
|
Repay ST Borrowings |
-4,692.1 |
-4,272.9 |
-5,189.1 |
-7,523.4 |
-5,468.8 |
|
Repay Curr LT Liabs |
- |
- |
-689.5 |
-472.9 |
-631.5 |
|
Decrease in Investment in
Subsidiaries |
9.7 |
- |
- |
- |
- |
|
Decrease-LT Borrowings |
- |
- |
-135.1 |
-37.6 |
- |
|
Decrease in LT
Borrowings&Bonds |
-417.7 |
-741.7 |
- |
- |
- |
|
Redemption-Bond |
- |
- |
-7.8 |
-253.5 |
- |
|
Dividends Paid |
-38.2 |
-29.7 |
-20.2 |
-23.5 |
-17.7 |
|
Increase in LT
Borrowings&Bonds |
1,833.1 |
1,281.4 |
- |
- |
- |
|
Others |
72.4 |
-27.6 |
- |
- |
- |
|
Cash Flow from Discontinued
Business, Fi |
48.7 |
-40.3 |
- |
- |
- |
|
Cash Outflow from Discontinued
Operation |
-13.0 |
- |
- |
- |
- |
|
Cash from Financing Activities |
1,605.1 |
403.4 |
-57.9 |
593.2 |
108.2 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-1.0 |
- |
- |
- |
|
Net Change in Cash |
-86.7 |
174.2 |
-24.2 |
252.5 |
-49.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
562.0 |
364.3 |
375.6 |
183.1 |
266.6 |
|
Net Cash - Ending Balance |
475.3 |
538.5 |
351.4 |
435.6 |
216.8 |
|
Cash Interest Paid |
230.4 |
216.6 |
- |
- |
- |
|
Cash Taxes Paid |
146.7 |
76.9 |
- |
- |
- |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
Key Indicators USD (mil) |
||||||
|
 |
Quarter |
Quarter |
Annual |
1 Year |
3 Year |
5 Year |
|
Total Revenue1 (?) |
2,753.2 |
15.12% |
10,237.6 |
11.78% |
5.72% |
14.15% |
|
Research & Development1 (?) |
22.5 |
-16.02% |
118.6 |
16.65% |
9.73% |
16.15% |
|
Operating Income1 (?) |
76.7 |
-42.37% |
260.7 |
-61.71% |
-15.80% |
6.75% |
|
Income Available to Common Excl Extraord Items1 (?) |
1.9 |
-97.24% |
-42.2 |
- |
- |
- |
|
Basic EPS Excl Extraord Items1 (?) |
0.06 |
-97.24% |
-1.27 |
- |
- |
- |
|
Capital Expenditures2 (?) |
448.5 |
-0.12% |
1,011.8 |
73.57% |
7.23% |
33.07% |
|
Cash from Operating Activities2 (?) |
89.3 |
- |
-493.9 |
- |
- |
- |
|
Free Cash Flow
(?) |
-354.3 |
- |
-1,448.1 |
- |
- |
- |
|
Total Assets3 (?) |
12,425.9 |
17.03% |
11,825.7 |
10.67% |
10.57% |
20.14% |
|
Total Liabilities3 (?) |
9,824.1 |
23.36% |
9,335.4 |
15.10% |
12.08% |
21.38% |
|
Total Long Term Debt3 (?) |
3,310.7 |
42.86% |
3,042.6 |
39.92% |
15.92% |
18.00% |
|
Employees3 (?) |
- |
- |
7614 |
-2.21% |
6.29% |
6.13% |
|
Total Common Shares Outstanding3 (?) |
33.3 |
0.00% |
33.3 |
0.00% |
0.00% |
0.19% |
|
1-ExchangeRate: KRW to USD Average for Period |
1152.046336 |
 |
1107.891393 |
 |
 |
 |
|
2-ExchangeRate: KRW to USD Average for Period |
1141.692062 |
 |
1107.891393 |
 |
 |
 |
|
3-ExchangeRate: KRW to USD Period End Date |
1157.641477 |
 |
1152.000000 |
 |
 |
 |
|
Key Ratios |
|||||
|
 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Profitability |
|||||
|
Gross Margin (?) |
9.74% |
14.77% |
16.65% |
14.26% |
15.58% |
|
Operating Margin (?) |
2.55% |
7.43% |
6.33% |
5.04% |
6.28% |
|
Pretax Margin (?) |
-0.09% |
5.57% |
3.61% |
0.92% |
4.19% |
|
Net Profit Margin (?) |
-0.41% |
3.94% |
3.23% |
1.23% |
2.33% |
|
Financial Strength |
|||||
|
Current Ratio (?) |
0.80 |
0.86 |
0.78 |
0.78 |
0.71 |
|
Long Term Debt/Equity (?) |
1.22 |
0.84 |
0.67 |
0.92 |
1.28 |
|
Total Debt/Equity (?) |
2.64 |
2.01 |
1.68 |
2.01 |
2.33 |
|
Management Effectiveness |
|||||
|
Return on Assets (?) |
-0.42% |
3.57% |
2.35% |
1.69% |
3.44% |
|
Return on Equity (?) |
-1.60% |
14.08% |
12.54% |
5.96% |
11.47% |
|
Efficiency |
|||||
|
Receivables Turnover (?) |
4.24 |
4.19 |
5.43 |
7.56 |
6.94 |
|
Inventory Turnover (?) |
5.76 |
6.35 |
6.96 |
7.92 |
7.27 |
|
Asset Turnover (?) |
0.87 |
0.90 |
0.98 |
1.15 |
1.18 |
|
Market Valuation USD (mil) |
||||
|
Enterprise Value2 (?) |
8,683.0 |
. |
Price/Sales (TTM) (?) |
0.19 |
|
Enterprise Value/Revenue (TTM) (?) |
0.83 |
. |
Price/Book (MRQ) (?) |
0.73 |
|
Enterprise Value/EBITDA (TTM) (?) |
13.79 |
. |
Market Cap1 (?) |
2,146.2 |
|
1-ExchangeRate: KRW to USD on 23-Nov-2012 |
1084.866079 |
|||
|
2-ExchangeRate: KRW to USD on 30-Jun-2012 |
1157.641477 |
|||
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 (?) |
0.80 |
0.86 |
0.78 |
0.78 |
0.71 |
|
Quick/Acid Test
Ratio (?) |
0.48 |
0.59 |
0.50 |
0.46 |
0.39 |
|
Working Capital1 (?) |
-1,090.2 |
-747.9 |
-939.2 |
-810.3 |
-896.4 |
|
Long Term
Debt/Equity (?) |
1.22 |
0.84 |
0.67 |
0.92 |
1.28 |
|
Total
Debt/Equity (?) |
2.64 |
2.01 |
1.68 |
2.01 |
2.33 |
|
Long Term
Debt/Total Capital (?) |
0.34 |
0.28 |
0.25 |
0.31 |
0.38 |
|
Total Debt/Total
Capital (?) |
0.73 |
0.67 |
0.63 |
0.67 |
0.70 |
|
Payout Ratio (?) |
-71.08% |
10.39% |
10.29% |
21.06% |
15.02% |
|
Effective Tax
Rate (?) |
- |
28.58% |
33.98% |
-59.89% |
30.11% |
|
Total Capital1 (?) |
9,054.5 |
7,877.2 |
6,259.5 |
5,827.5 |
5,469.8 |
|
|
|
|
|
|
|
|
Efficiency |
|||||
|
Asset
Turnover (?) |
0.87 |
0.90 |
0.98 |
1.15 |
1.18 |
|
Inventory
Turnover (?) |
5.76 |
6.35 |
6.96 |
7.92 |
7.27 |
|
Days In
Inventory (?) |
63.38 |
57.47 |
52.43 |
46.07 |
50.23 |
|
Receivables
Turnover (?) |
4.24 |
4.19 |
5.43 |
7.56 |
6.94 |
|
Days Receivables
Outstanding (?) |
85.99 |
87.11 |
67.26 |
48.31 |
52.56 |
|
Revenue/Employee2 (?) |
1,293,093 |
1,148,279 |
1,219,733 |
1,202,185 |
1,286,804 |
|
Operating
Income/Employee2 (?) |
32,930 |
85,361 |
77,240 |
60,588 |
80,864 |
|
EBITDA/Employee2 (?) |
81,198 |
131,565 |
124,943 |
107,046 |
142,036 |
|
|
|
|
|
|
|
|
Profitability |
|||||
|
Gross Margin (?) |
9.74% |
14.77% |
16.65% |
14.26% |
15.58% |
|
Operating
Margin (?) |
2.55% |
7.43% |
6.33% |
5.04% |
6.28% |
|
EBITDA
Margin (?) |
6.28% |
11.46% |
10.24% |
8.90% |
11.04% |
|
EBIT Margin (?) |
2.55% |
7.43% |
6.33% |
5.04% |
6.28% |
|
Pretax
Margin (?) |
-0.09% |
5.57% |
3.61% |
0.92% |
4.19% |
|
Net Profit
Margin (?) |
-0.41% |
3.94% |
3.23% |
1.23% |
2.33% |
|
R&D
Expense/Revenue (?) |
1.16% |
1.11% |
1.02% |
1.04% |
1.05% |
|
COGS/Revenue (?) |
90.26% |
85.23% |
83.35% |
85.74% |
84.42% |
|
SG&A
Expense/Revenue (?) |
6.02% |
6.25% |
8.73% |
7.57% |
7.65% |
|
|
|
|
|
|
|
|
Management
Effectiveness |
|||||
|
Return on
Assets (?) |
-0.42% |
3.57% |
2.35% |
1.69% |
3.44% |
|
Return on
Equity (?) |
-1.60% |
14.08% |
12.54% |
5.96% |
11.47% |
|
|
|
|
|
|
|
|
Valuation |
|||||
|
Free Cash
Flow/Share2 (?) |
-43.53 |
-14.21 |
2.80 |
-8.47 |
-4.83 |
|
Operating Cash
Flow/Share 2 (?) |
-14.28 |
2.89 |
15.95 |
13.23 |
7.68 |
|
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 |
|
Current Market Multiples |
|
|
Market Cap/Earnings (TTM) (?) |
-15.18 |
|
Market Cap/Equity (MRQ) (?) |
0.77 |
|
Market Cap/Revenue (TTM) (?) |
0.19 |
|
Market Cap/EBIT (TTM) (?) |
14.40 |
|
Market Cap/EBITDA (TTM) (?) |
3.19 |
|
Enterprise Value/Earnings (TTM) (?) |
-65.56 |
|
Enterprise Value/Equity (MRQ) (?) |
3.34 |
|
Enterprise Value/Revenue (TTM) (?) |
0.83 |
|
Enterprise Value/EBIT (TTM) (?) |
62.15 |
|
Enterprise Value/EBITDA (TTM) (?) |
13.79 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
|
1 |
Rs.87.89 |
|
Euro |
1 |
Rs.70.13 |
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.