MIRA INFORM REPORT

 

 

Report Date :

20.02.2012

 

IDENTIFICATION DETAILS

 

Name :

GREEN CROSS CORP

 

 

Registered Office :

303, Bojung-Dong Giheung-Gu Yongin-Si, Gyeonggi-Do, 449-070 Korea

 

 

Country :

South Korea

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.11.1969

 

 

Legal Form :

Public Subsidiary

 

 

Line of Business :

Manufacture of basic pharmaceutical products

 

 

No. of Employees :

1,317

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

South Korea

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Top of Form

Bottom of Form

Green Cross Corp

                                                                                                                                                  

 

303, Bojung-Dong

Giheung-Gu

 

Yongin-Si, Gyeonggi-Do, 449-070

Korea, Republic of

 

Tel:

82-31-2609300

Fax:

82-31-2609413

 

eng.greencross.com

 

Employees:

1,317

Company Type:

Public Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Green Cross Holdings

Traded:

Korea Stock Exchange:

006280

Incorporation Date:

01-Nov-1969

Auditor:

KPMG LLP

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

South Korean Won

Annual Sales:

791,015.3

Net Income:

104,688.6

Total Assets:

741,299.8

Market Value:

1,306,898.0

 

(03-Feb-2012)

                                      

Business Description       

 

Green Cross Corp is a Korea-based company engaged in the manufacture and sale of pharmaceutical products. The Company provides five categories of products: blood derivatives, which are plasma fractions used to treat immune deficiency diseases, albumin loss and blood coagulation; vaccines, which include hepatitis B vaccines, epidemic hemorrhagic fever vaccines and others; diagnostic reagents such as blood-grouping reagents, hepatitis B rapid test reagents and others; prescription drugs, which consist of digestive system remedies, circulatory system remedies, vitamins, diabetes treatments and others, and over-the-counter (OTC) drugs, which include painkillers, respiratory system remedies and others. For the fiscal year ended 31 December 2010, Green Cross Corporation's revenues totaled W791.02B. Net income totaled W104.69B. Revenues and net income are not comparable to the previous period due to company stopped reporting non-consolidated financial statement since December 2010. Green Cross Corporation is a Korea-based company engaged in the research and development, production and sale of pharmaceutical products.

          

Industry                                                                                                                                      

 

Industry

Biotechnology and Drugs

ANZSIC 2006:

1841 - Human Pharmaceutical and Medicinal Product Manufacturing

NACE 2002:

2441 - Manufacture of basic pharmaceutical products

NAICS 2002:

325411 - Medicinal and Botanical Manufacturing

UK SIC 2003:

2441 - Manufacture of basic pharmaceutical products

US SIC 1987:

2833 - Medicinal Chemicals and Botanical Products

                        

Key Executives           

   

 

Name

Title

Sun Tae Cho

Co-President, Co-Chief Executive Officer, Director

Jong Ho Noh

Internal Auditor

Young Sup Heo

Chairman & Co-Chief Executive Officer

Joon Hwan Han

Auditor

Soon Tae Cho

Director-Sales

 

Significant Developments                                                                           

 

Topic

#*

Most Recent Headline

Date

Strategic Combinations

1

Green Cross Corporation Signs MOU with Thailand-based Red Cross

20-Jul-2011

General Products

1

Green Cross Corporation Receives KFDA Approval

10-Jan-2012

* number of significant developments within the last 12 months

 

             

News      

 

Title

Date

Climate campaign turns to toddlers
Courier Mail (Australia) (215 Words)

14-Feb-2012

Kid's play: ABC show to help sell climate goals
Australian, The (209 Words)

14-Feb-2012

BRIEFING - ASIA INSURANCE - FEB 9, 2012
Asia Pulse Businesswire (436 Words)

9-Feb-2012

Regulator OKs Hyundai Motor Group's insurer takeover
Yonhap News Agency (South Korea) (153 Words)

8-Feb-2012

BRIEFING - ASIA AUTOMOTIVE - FEB 8, 2012
Asia Pulse Businesswire (1330 Words)

8-Feb-2012

 

    Financial Summary                                                            

 

As of 30-Sep-2011

Key Ratios

Company

Industry

Current Ratio (MRQ)

2.63

2.09

Quick Ratio (MRQ)

1.72

1.48

Debt to Equity (MRQ)

0.11

0.43

Sales 5 Year Growth

16.26

4.13

 

 

 

 

 

Stock Snapshot                                    

 

Traded: Korea Stock Exchange: 006280

 

As of 3-Feb-2012

   Financials in: KRW

Recent Price

129,000.00

 

EPS

11,266.00

52 Week High

186,000.00

 

Price/Sales

1.65

52 Week Low

112,500.00

 

Dividend Rate

1,750.00

Avg. Volume (mil)

0.03

 

Price/Book

2.34

Market Value (mil)

1,306,898.00

 

Beta

0.68

 

Price % Change

Rel S&P 500%

4 Week

-14.00%

-19.63%

13 Week

-25.65%

-27.31%

52 Week

5.74%

11.08%

Year to Date

-11.64%

-18.21%

 

 

 


Corporate Overview

 

Location
303, Bojung-Dong
Giheung-Gu
Yongin-Si, Gyeonggi-Do, 449-070
Korea, Republic of

 

Tel:

82-31-2609300

Fax:

82-31-2609413

 

eng.greencross.com

Quote Symbol - Exchange

006280 - Korea Stock Exchange

Sales KRW(mil):

791,015.3

Assets KRW(mil):

741,299.8

Employees:

1,317

Fiscal Year End:

31-Dec-2010

 

Industry:

Biotechnology and Drugs

Incorporation Date:

01-Nov-1969

Company Type:

Public Subsidiary

Quoted Status:

Quoted

 

Co-President, Co-Chief Executive Officer, Director:

Sun Tae Cho

 

Company Web Links

Corporate History/Profile

Home Page

 

Investor Relations

News Releases

 

Products/Services

Contents

Industry Codes

Business Description

Financial Data

Market Data

Shareholders

Key Corporate Relationships

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1841

-

Human Pharmaceutical and Medicinal Product Manufacturing

 

NACE 2002 Codes:

2442

-

Manufacture of pharmaceutical preparations

2441

-

Manufacture of basic pharmaceutical products

 

NAICS 2002 Codes:

325414

-

Biological Product (except Diagnostic) Manufacturing

325413

-

In-Vitro Diagnostic Substance Manufacturing

325411

-

Medicinal and Botanical Manufacturing

325412

-

Pharmaceutical Preparation Manufacturing

 

US SIC 1987:

2836

-

Biological Products, Except Diagnostic Substances

2835

-

In Vitro and In Vivo Diagnostic Substances

2833

-

Medicinal Chemicals and Botanical Products

2834

-

Pharmaceutical Preparations

 

UK SIC 2003:

24421

-

Manufacture of medicaments

2442

-

Manufacture of pharmaceutical preparations

2441

-

Manufacture of basic pharmaceutical products

 

 

Business Description

Green Cross Corp is a Korea-based company engaged in the manufacture and sale of pharmaceutical products. The Company provides five categories of products: blood derivatives, which are plasma fractions used to treat immune deficiency diseases, albumin loss and blood coagulation; vaccines, which include hepatitis B vaccines, epidemic hemorrhagic fever vaccines and others; diagnostic reagents such as blood-grouping reagents, hepatitis B rapid test reagents and others; prescription drugs, which consist of digestive system remedies, circulatory system remedies, vitamins, diabetes treatments and others, and over-the-counter (OTC) drugs, which include painkillers, respiratory system remedies and others. For the fiscal year ended 31 December 2010, Green Cross Corporation's revenues totaled W791.02B. Net income totaled W104.69B. Revenues and net income are not comparable to the previous period due to company stopped reporting non-consolidated financial statement since December 2010. Green Cross Corporation is a Korea-based company engaged in the research and development, production and sale of pharmaceutical products.

 

 

More Business Descriptions

Green Cross Corporation (Green Cross) is a Korean pharmaceutical company. Its activities include research, development, production and commercialization of pharmaceutical products. The company focuses on two strategic units, namely, Biotechnology and Total healthcare. In the Biotechnology field the company has specialized in plasma fractions , vaccines and bio-medicine. Through Total healthcare, it provides complete healthcare services. Mostly commonly it supplies Hepatitis B vaccine, Hemorrhagic Fever vaccine and chicken pox vaccine. The company operates in four business segments, namely, Pharmaceutical division, Healthcare division, Overseas Division and Foundation Division. Its Product line comprises blood derivatives, vaccines, diagnostic reagents, prescription drugs and over the counter drugs. The company invests annually 5 to 7% of total sales revenue in research and development. It works in alliance with the Green cross Research center and MOGAM Biotechnology research Institute. Green Cross is headquartered in Yongin, South Korea.The company reported revenues of (Won) KRW 791,015.32 million during the fiscal year ended December 2010, an increase of 22.98% over 2009. The operating profit of the company was KRW 145,628.69 million during the fiscal year 2010, an increase of 21.98% over 2009. The net profit of the company was KRW 104,688.64 million during the fiscal year 2010, an increase of 30.01% over 2009.

 

Manufacture of pharmaceuticals and finished medicaments

 

GreenCross Vaccine Corp (South Korea) manufactures pharmaceuticals. Subsidiary of Berna Biotech (Switzerland).

 

Pharmaceutical and Medicine Manufacturing

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

KRW(mil)

 

Revenue:

791,015.3

Net Income:

104,688.6

Assets:

741,299.8

Long Term Debt:

42,013.7

 

Total Liabilities:

202,810.5

 

Working Capital:

30.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

23.0%

30.0%

4.0%

 

 

Market Data

Quote Symbol:

006280

Exchange:

Korea Stock Exchange

Currency:

KRW

Stock Price:

129,000.0

Stock Price Date:

02-03-2012

52 Week Price Change %:

5.7

Market Value (mil):

1,306,898,048.0

 

SEDOL:

6771708

ISIN:

KR7006280002

 

Equity and Dept Distribution:

'03-'06, financials are consolidated. '98-'02, '07-'09, financials are non-consolidated. 10/2004, Company name changed from Green Cross Sang-A Corporation. 10/10, rights issue (F: 1.015391).

 

 

 

Shareholders

 

 

Major Shareholders

Green Cross Holdings Corporation (52%)

 

 

 

 

 

Key Corporate Relationships

Auditor:

KPMG LLP

 

Auditor:

KPMG LLP

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

Green Cross Corp
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
( mil)

Employees

Green Cross Holdings

Parent

Yongin-Si, Gyeonggi-Do

Korea, Republic of

Biotechnology and Drugs

1,790,987.0

89

Green Cross Corp

Subsidiary

Yongin-Si, Gyeonggi-Do

Korea, Republic of

Biotechnology and Drugs

791,015.3

1,317

 

 

 

 

 

 

 

Cometitors Report

 

CompanyName

Location

Employees

Ownership

Advanced Protein Technologies Corporation

Suwon-City, Korea, Republic of

 

Private

Estechpharma Co., Ltd.

Hwaseong-Si, Gyeonggi-Do, Korea, Republic of

112

Public

Genexine Co., Ltd.

Pohang-Si, Gyeongsangbuk-Do, Korea, Republic of

42

Public

Hutchison Medipharma Limited

Shanghai, China

75

Private

Seoul Pharma Co., Ltd.

SiHeung-Si, Gyeonggi-do, Korea, Republic of

185

Public

Shanghai RAAS Blood Products Co., Ltd.

Shanghai, China

286

Public

Sinochem Hebei Corporation

Shijiazhuang, China

 

Private

Skynewpharm Inc.

Shiheung, Korea, Republic of

123

Public

ViroMed Co., Ltd.

Seoul, Korea, Republic of

63

Public

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

ST Jo

 

Chairman

Chairman

Il Sup Huh

 

Vice Chairman

Vice-Chairman

Sun Tae Cho

 

Co-President, Co-Chief Executive Officer, Director

Director/Board Member

 

Cho Sun Tae has been Co-President, Co-Chief Executive Officer and Director of Green Cross Corporation. Prior to the current position, Cho was Vice President of the Company. Previously, Cho served as Chief Eecutive Officer and Managing Director of Green Cross PBM. Cho holds a Bachelor of Arts from Chung-Ang University, Korea.


Education

BA , Chung-Ang University

Ji Hoon Han

 

Director

Director/Board Member

 

 

Yil Seop Huh

 

Co-Chief Executive Officer, Director

Director/Board Member

 

 

 

Huh Yil Seop has been Co-Chief Executive Officer and Director of Green Cross Corporation since 2004. Currently Huh is also serving as Vice Chairman of the Board and Chief Executive Officer of Green Cross Holdings Corporation. Huh holds a Bachelor's degree in Commerce from Seoul National University, Korea, a Masters of Business Administration from Indiana University, and a Doctorate's degree in Business Administration from University of Houston, the United States.


Education

MBA , Indiana University
DS Business Administration, University of Houston
B Commerce, Seoul National University

Eun Cheol Huh

 

Vice President, Director

Director/Board Member

 

 

 

Huh Eun Cheol has been Vice President and Director of Green Cross Corporation since March 12, 2010. Prior to the current position, Huh served as Managing Director at the Company, . Huh holds a Doctorate's degree in Food Engineering from Cornell University, the United States.


Education

PHD , Cornell University

Seong Gyu Kim

 

Vice President, Director

Director/Board Member

 

 

 

Kim Seong Gyu has been Vice President and Director of Green Cross Corporation since March 12, 2010. Prior to the current position, Kim served as Managing Director of the Company . Kim holds a Bachelor's degree in Science from Hanyang University, Korea.


Education

B Science, Hanyang University

Myeong Jae Lee

 

Non-Executive Independent Director

Director/Board Member

 

 

 

Lee Myeong Jae has been Non-Executive Independent Director of Green Cross Corporation since 2004. Lee is a Lawyer in Bae, Kim & Lee, a domestic law firm. Lee holds Bachelor's degree in Law from Seoul National University, Korea.


Education

LLB , Seoul National University

Byeong Geon Lee

 

Co-President, Co-Chief Executive Officer, Director

Director/Board Member

 

 

 

Lee Byeong Geon has been Co-President, Co-Chief Executive Officer and Director of Green Cross Corporation since March 12, 2010. Previously, Lee was Vice President of the Company. Lee holds a Bachelor's degree in Chemical Engineering from Seoul National University, Korea.


Education

PHD , Rice University
B Chemical Engineering, Seoul National University

Seong Tae Yoon

 

Non-Executive Independent Director

Director/Board Member

 

 

 

Yoon Seong Tae has been Non-Executive Independent Director of Green Cross Corporation since March 17, 2006. Yoon is currently a professor in Health Science College of GACHON UNIVERSITY of MEDICINE and SCIENCE. Yoon holds a a Bachelor of Law from Seoul National University, Korea, and a Doctorate's degree in Health Science from Yonsei University, Korea.


Education

PHD Health Science, Yonsei University
LLB , Seoul National University

 

Executives

 

Name

Title

Function

Sun Tae Cho

 

Co-President, Co-Chief Executive Officer, Director

Chief Executive Officer

 

Cho Sun Tae has been Co-President, Co-Chief Executive Officer and Director of Green Cross Corporation. Prior to the current position, Cho was Vice President of the Company. Previously, Cho served as Chief Eecutive Officer and Managing Director of Green Cross PBM. Cho holds a Bachelor of Arts from Chung-Ang University, Korea.


Education

BA , Chung-Ang University

Young Sup Heo

 

Chairman & Co-Chief Executive Officer

Chief Executive Officer

 

 

Il Seop Heo

 

Co-Chief Executive Officer

Chief Executive Officer

 

 

Jae Hwe Huh

 

President & Co-Chief Executive Officer

Chief Executive Officer

 

 

Yil Seop Huh

 

Co-Chief Executive Officer, Director

Chief Executive Officer

 

 

 

Huh Yil Seop has been Co-Chief Executive Officer and Director of Green Cross Corporation since 2004. Currently Huh is also serving as Vice Chairman of the Board and Chief Executive Officer of Green Cross Holdings Corporation. Huh holds a Bachelor's degree in Commerce from Seoul National University, Korea, a Masters of Business Administration from Indiana University, and a Doctorate's degree in Business Administration from University of Houston, the United States.


Education

MBA , Indiana University
DS Business Administration, University of Houston
B Commerce, Seoul National University

Byeong Geon Lee

 

Co-President, Co-Chief Executive Officer, Director

Chief Executive Officer

 

 

 

Lee Byeong Geon has been Co-President, Co-Chief Executive Officer and Director of Green Cross Corporation since March 12, 2010. Previously, Lee was Vice President of the Company. Lee holds a Bachelor's degree in Chemical Engineering from Seoul National University, Korea.


Education

PHD , Rice University
B Chemical Engineering, Seoul National University

Min Cho

 

Managing Director

Managing Director

 

 


Education

PHD , Ajou University

Pyeong Ju Jang

 

Assistant Managing Director

Managing Director

 

 

Mun Ho Jung

 

Assistant Managing Director

Managing Director

 

 


Education

B , Chung-Ang University

Su Hyeon Jung

 

Managing Director

Managing Director

 

 


Education

B , Yonsei University

Yeong Ho Kim

 

Managing Director

Managing Director

 

 


Education

B , Kyung Hee University

Se Ho Kim

 

Assistant Managing Director

Managing Director

 

 


Education

PHD Molecular Immunology, Weizmann Institute of Science

Jung Min Kim

 

Assistant Managing Director

Managing Director

 

 


Education

PHD Biochemistry, University of Wisconsin

Byeong Hwa Kim

 

Assistant Managing Director

Managing Director

 

 


Education

B , Kyungpook National University

Yeong Pil Kim

 

Managing Director

Managing Director

 

 


Education

M , Korea University

Su Dong Kim

 

Assistant Managing Director

Managing Director

 

 


Education

M , Chungbuk National University

Chang Hui Lee

 

Managing Director

Managing Director

 

 

Seong Yeol Lee

 

Assistant Managing Director

Managing Director

 

 


Education

M , Kangwon National University

Yeong Chan Lee

 

Managing Director

Managing Director

 

 


Education

B , Hannam University

Yin Jae Lee

 

Assistant Managing Director

Managing Director

 

 


Education

MD , Chung-Ang University

Seon Wuk Lee

 

Assistant Managing Director

Managing Director

 

 


Education

B , Chung-Ang University

Dae Wu Park

 

Assistant Managing Director

Managing Director

 

 


Education

B , Keimyung University

Du Hong Park

 

Managing Director

Managing Director

 

 


Education

PHD , Iowa State University

Bok Su Park

 

Assistant Managing Director

Managing Director

 

 


Education

B , Chosun University

Myeong Jae Won

 

Assistant Managing Director

Managing Director

 

 


Education

B , Kwangwoon University

Sang Heung Han

 

Director-Operations

Operations Executive

 

 

Yong Tae Park

 

Chief Operating Officer

Operations Executive

 

 

Joon Hwan Han

 

Auditor

Finance Executive

 

 

Jong Ho Noh

 

Internal Auditor

Accounting Executive

 

 

 

Noh Jong Ho has been Internal Auditor of Green Cross Corporation since March 12, 2010. Noh currently serves as an Advisor of Green Cross Holdings. Previously, Noh was Assistant Managing Director of Samsung Electronics Co., Ltd. Noh holds a Bachelor's degree in Science from Korea University.


Education

B Science, Korea University

DKK Kim

 

Human Resources Manager

Human Resources Executive

 

 

Soon Tae Cho

 

Director-Sales

Sales Executive

 

 

HK Woo

 

Sales Manager

Sales Executive

 

 

Sung Min Lee

 

Director-Manufacturing

Manufacturing Executive

 

 

 

 

Significant Developments

 

 

 

 

Green Cross Corporation Receives KFDA Approval

Jan 10, 2012


Green Cross Corporation announced that it has received Korea Food & Drug Administration (KFDA) approval, on January 19, 2012, to manufacture hunter's syndrome medicine.

Green Cross Corporation Signs MOU with Thailand-based Red Cross

Jul 20, 2011


Green Cross Corporation announced that it has signed a memorandum of understanding (MOU) with Thailand-based Red Cross to transfer technology and construct blood demarcation plant.

 

Annual Income Statement

 

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

791,015.3

643,208.3

516,096.7

442,299.0

405,117.7

Revenue

791,015.3

643,208.3

516,096.7

442,299.0

405,117.7

Total Revenue

791,015.3

643,208.3

516,096.7

442,299.0

405,117.7

 

 

 

 

 

 

    Cost of Revenue

476,324.2

373,461.4

311,854.1

261,894.7

240,467.0

Cost of Revenue, Total

476,324.2

373,461.4

311,854.1

261,894.7

240,467.0

Gross Profit

314,691.1

269,746.9

204,242.6

180,404.3

164,650.7

 

 

 

 

 

 

    Selling/General/Administrative Expense

44,772.1

36,862.1

39,284.7

43,149.6

41,444.0

    Labor & Related Expense

49,608.8

46,197.1

44,732.6

37,118.6

34,089.9

    Advertising Expense

13,100.7

17,439.8

12,843.0

9,721.4

11,714.7

Total Selling/General/Administrative Expenses

107,481.6

100,499.0

96,860.3

89,989.7

87,248.7

Research & Development

56,851.5

44,832.8

34,430.2

27,158.5

19,881.3

    Depreciation

3,143.0

3,183.6

3,752.0

3,854.9

1,992.5

    Amortization of Intangibles

1,586.3

1,843.2

1,268.6

955.6

664.0

Depreciation/Amortization

4,729.4

5,026.8

5,020.6

4,810.5

2,656.6

Total Operating Expense

645,386.6

523,820.0

448,165.1

383,853.4

350,253.6

 

 

 

 

 

 

Operating Income

145,628.7

119,388.4

67,931.6

58,445.7

54,864.1

 

 

 

 

 

 

        Interest Expense - Non-Operating

-5,370.9

-9,556.6

-6,759.7

-3,582.8

-5,035.1

    Interest Expense, Net Non-Operating

-5,370.9

-9,556.6

-6,759.7

-3,582.8

-5,035.1

        Interest Income - Non-Operating

2,217.9

1,096.9

919.1

646.9

675.2

        Investment Income - Non-Operating

-4,548.9

759.7

3,963.9

10,564.6

-1,519.9

    Interest/Investment Income - Non-Operating

-2,330.9

1,856.5

4,883.0

11,211.5

-844.7

Interest Income (Expense) - Net Non-Operating Total

-7,701.8

-7,700.1

-1,876.8

7,628.7

-5,879.8

Gain (Loss) on Sale of Assets

-630.9

-1,026.7

155.5

1.9

-4,864.5

    Other Non-Operating Income (Expense)

-2,598.4

-6,007.7

-7,012.4

-5,958.6

4,653.8

Other, Net

-2,598.4

-6,007.7

-7,012.4

-5,958.6

4,653.8

Income Before Tax

134,697.5

104,653.8

59,197.9

60,117.6

48,773.6

 

 

 

 

 

 

Total Income Tax

30,008.9

24,129.4

10,325.2

15,760.4

14,010.3

Income After Tax

104,688.6

80,524.4

48,872.7

44,357.1

34,763.4

 

 

 

 

 

 

    Minority Interest

-

-

-

-

29.9

Net Income Before Extraord Items

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

Net Income

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

9.2

9.1

9.0

8.9

8.8

Basic EPS Excl Extraord Items

11,344.43

8,884.23

5,441.46

4,964.84

3,947.44

Basic/Primary EPS Incl Extraord Items

11,344.43

8,884.23

5,441.46

4,964.84

3,947.44

Dilution Adjustment

1,193.7

255.5

0.0

-

-

Diluted Net Income

105,882.3

80,779.9

48,872.7

44,357.1

34,793.3

Diluted Weighted Average Shares

9.4

9.1

9.0

8.9

8.8

Diluted EPS Excl Extraord Items

11,214.07

8,874.06

5,441.46

4,964.84

3,947.44

Diluted EPS Incl Extraord Items

11,214.07

8,874.06

5,441.46

4,964.84

3,947.44

Dividends per Share - Common Stock Primary Issue

1,750.00

1,231.05

984.84

984.84

738.63

Gross Dividends - Common Stock

17,114.1

11,239.3

8,845.7

8,842.0

6,584.0

Interest Expense, Supplemental

5,370.9

9,556.6

6,759.7

3,582.8

5,035.1

Depreciation, Supplemental

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

Total Special Items

630.9

1,026.7

-155.5

-1.9

5,230.2

Normalized Income Before Tax

135,328.4

105,680.6

59,042.4

60,115.7

54,003.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

140.6

236.7

-27.1

-0.5

1,397.3

Inc Tax Ex Impact of Sp Items

30,149.4

24,366.1

10,298.0

15,760.0

15,407.6

Normalized Income After Tax

105,179.0

81,314.4

48,744.4

44,355.8

38,596.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

105,179.0

81,314.4

48,744.4

44,355.8

38,626.2

 

 

 

 

 

 

Basic Normalized EPS

11,397.57

8,971.40

5,427.16

4,964.68

4,382.29

Diluted Normalized EPS

11,266.01

8,960.85

5,427.16

4,964.68

4,382.29

Amort of Acquisition Costs, Supplemental

-

-

-

-

365.7

Amort of Intangibles, Supplemental

3,346.6

2,237.9

1,268.6

955.6

323.0

Rental Expenses

2,132.5

2,132.9

2,057.6

2,431.0

2,346.4

Advertising Expense, Supplemental

13,100.7

17,439.8

12,843.0

9,721.4

11,714.7

Research & Development Exp, Supplemental

56,851.5

44,832.8

34,430.2

27,158.5

19,881.3

Normalized EBIT

145,628.7

119,388.4

67,931.6

58,445.7

54,864.1

Normalized EBITDA

164,863.3

136,133.4

78,352.0

68,911.4

63,210.6

 

 

 

Annual Balance Sheet

Financials in: KRW (mil)

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

30,854.3

22,202.6

11,586.1

5,849.5

14,884.5

    Short Term Investments

103,437.7

43,458.6

114.6

6,689.7

23.0

Cash and Short Term Investments

134,292.0

65,661.2

11,700.7

12,539.2

14,907.5

        Accounts Receivable - Trade, Gross

148,865.0

171,325.1

164,083.8

125,197.4

109,547.1

        Provision for Doubtful Accounts

-3,427.1

-3,859.6

-4,076.7

-3,746.3

-4,134.5

    Trade Accounts Receivable - Net

145,825.9

167,554.9

160,020.5

121,472.4

105,553.4

    Other Receivables

1,024.8

1,284.0

1,055.2

1,835.7

1,514.8

Total Receivables, Net

146,850.7

168,838.9

161,075.8

123,308.1

107,068.2

    Inventories - Finished Goods

82,595.5

78,606.1

47,707.6

44,145.2

34,200.9

    Inventories - Work In Progress

86,845.5

92,768.3

46,998.6

29,187.3

35,306.9

    Inventories - Raw Materials

20,474.1

40,304.0

17,739.9

9,090.2

17,320.0

    Inventories - Other

2,258.3

1,939.6

2,081.7

2,020.6

5,025.4

Total Inventory

192,173.4

213,617.9

114,527.8

84,443.3

91,853.2

Prepaid Expenses

476.3

688.3

1,309.2

391.2

468.1

    Deferred Income Tax - Current Asset

1,937.4

2,943.4

1,554.0

2,269.9

2,613.0

    Other Current Assets

1,959.9

10,298.3

14,302.5

-

-

Other Current Assets, Total

3,897.3

13,241.7

15,856.5

2,269.9

2,613.0

Total Current Assets

477,689.6

462,048.0

304,470.0

222,951.6

216,909.9

 

 

 

 

 

 

        Buildings

158,562.9

158,254.9

59,440.8

48,040.2

56,221.5

        Land/Improvements

21,548.3

7,460.3

7,460.3

7,460.3

8,563.0

        Machinery/Equipment

107,083.6

91,479.1

63,987.5

59,013.0

66,100.6

        Construction in Progress

11,364.5

2,432.1

115,447.6

77,567.2

11,560.0

    Property/Plant/Equipment - Gross

298,559.3

259,626.4

246,336.2

192,080.7

142,445.1

    Accumulated Depreciation

-82,785.1

-63,495.3

-50,575.5

-43,784.7

-43,824.4

Property/Plant/Equipment - Net

215,774.2

196,131.1

195,760.7

148,296.0

98,620.7

Goodwill, Net

-

-

-

-

731.5

Intangibles, Net

9,297.2

13,421.8

14,196.2

9,297.9

7,171.3

    LT Investment - Affiliate Companies

18,786.7

21,757.4

7,670.1

942.9

605.1

    LT Investments - Other

12,392.5

12,404.3

19,873.5

37,967.5

33,368.2

Long Term Investments

31,179.2

34,161.7

27,543.6

38,910.4

33,973.3

    Deferred Income Tax - Long Term Asset

-

-

91.6

-

3.2

    Other Long Term Assets

7,359.6

7,265.0

7,308.8

6,174.8

5,266.1

Other Long Term Assets, Total

7,359.6

7,265.0

7,400.4

6,174.8

5,269.3

Total Assets

741,299.8

713,027.6

549,371.0

425,630.6

362,675.9

 

 

 

 

 

 

Accounts Payable

54,885.7

101,139.4

48,493.1

38,468.1

36,791.7

Accrued Expenses

21,033.8

20,975.3

16,814.5

13,148.4

10,187.5

Notes Payable/Short Term Debt

5,694.5

5,838.0

83,600.0

19,000.0

48,009.8

Current Portion - Long Term Debt/Capital Leases

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

    Dividends Payable

-

45.4

45.0

0.6

0.3

    Customer Advances

1,943.2

51,079.5

2,624.6

1,455.6

1,936.6

    Security Deposits

413.7

490.5

389.8

448.3

487.7

    Income Taxes Payable

17,731.4

23,276.2

4,967.6

10,268.4

11,865.6

    Other Payables

6,261.0

1,612.8

9,136.6

29,128.4

7,478.2

    Other Current Liabilities

20,478.6

19,558.7

13,790.9

7,765.6

9,176.5

Other Current liabilities, Total

46,827.9

96,063.2

30,954.5

49,066.9

30,944.9

Total Current Liabilities

146,646.4

269,190.6

194,862.2

129,683.4

139,933.9

 

 

 

 

 

 

    Long Term Debt

42,013.7

73,968.8

76,789.2

45,000.0

25,000.0

Total Long Term Debt

42,013.7

73,968.8

76,789.2

45,000.0

25,000.0

Total Debt

65,912.7

124,981.6

175,389.2

74,000.0

87,009.8

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

1,605.3

2,004.2

-

6,063.8

3,829.5

Deferred Income Tax

1,605.3

2,004.2

-

6,063.8

3,829.5

Minority Interest

3,745.1

-

-

-

3,272.0

    Pension Benefits - Underfunded

6,763.1

7,648.1

9,136.1

7,542.9

5,855.1

    Other Long Term Liabilities

2,036.9

1,392.6

1,406.8

1,339.7

2,081.5

Other Liabilities, Total

8,800.0

9,040.7

10,542.9

8,882.6

7,936.6

Total Liabilities

202,810.5

354,204.3

282,194.3

189,629.8

179,972.0

 

 

 

 

 

 

    Common Stock

48,997.3

45,057.4

45,057.4

45,057.4

45,057.4

Common Stock

48,997.3

45,057.4

45,057.4

45,057.4

45,057.4

Additional Paid-In Capital

177,609.3

102,735.6

85,462.8

84,048.7

77,483.7

Retained Earnings (Accumulated Deficit)

301,874.2

209,114.4

137,435.7

97,404.9

57,070.4

Treasury Stock - Common

-557.0

-557.0

-4,616.1

-4,720.9

-6,500.3

Unrealized Gain (Loss)

10,565.5

2,472.9

3,837.1

14,210.7

8,364.0

    Translation Adjustment

-

-

-

-

1,228.7

Other Equity, Total

-

-

-

-

1,228.7

Total Equity

538,489.3

358,823.3

267,176.8

236,000.8

182,703.9

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

741,299.8

713,027.6

549,371.0

425,630.6

362,675.9

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

9.8

9.1

9.0

9.0

8.8

Total Common Shares Outstanding

9.8

9.1

9.0

9.0

8.8

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.2

0.2

0.2

Employees

1,374

1,341

1,285

1,195

1,039

Number of Common Shareholders

14,390

23,102

2,171

2,705

3,095

Deferred Revenue - Current

1,943.2

51,079.5

2,624.6

1,455.6

1,936.6

Total Long Term Debt, Supplemental

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

Long Term Debt Maturing within 1 Year

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

Long Term Debt Matur. in Year 6 & Beyond

0.0

0.0

0.0

0.0

0.0

 

 

 

Annual Cash Flows

Financials in: KRW (mil)

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

    Depreciation

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

Depreciation/Depletion

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

    Amortization of Intangibles

3,346.6

2,237.9

1,268.6

955.6

688.7

Amortization

3,346.6

2,237.9

1,268.6

955.6

688.7

Deferred Taxes

-266.1

1,542.4

-1,274.3

40.8

190.9

    Unusual Items

2,771.1

5,881.4

-23,919.4

-9,749.3

7,304.5

    Equity in Net Earnings (Loss)

2,616.5

1,231.0

-475.7

-1,236.2

66.8

    Other Non-Cash Items

11,902.3

1,373.0

23,646.0

8,247.0

6,251.3

Non-Cash Items

17,290.0

8,485.4

-749.1

-2,738.6

13,622.6

    Accounts Receivable

21,817.4

-8,034.0

-37,862.4

-31,998.9

-21,495.7

    Inventories

28,059.4

-100,830.1

-30,212.6

-7,327.3

-17,584.1

    Prepaid Expenses

213.9

620.9

-918.1

-8.1

54.7

    Other Assets

-

-90.0

-16.3

-

-

    Accounts Payable

-42,813.9

45,366.7

-9,249.1

25,519.6

-338.8

    Accrued Expenses

-642.1

4,161.2

3,710.4

3,780.1

317.8

    Taxes Payable

-5,972.8

18,745.2

-3,360.3

-3,764.7

8,914.0

    Other Liabilities

-57,392.5

44,769.0

-90.5

-3,101.9

360.8

    Other Operating Cash Flow

255.0

-

-

-

140.0

Changes in Working Capital

-56,475.6

4,709.0

-77,998.8

-16,901.2

-29,631.1

Cash from Operating Activities

84,471.5

112,006.2

-20,729.1

35,223.9

27,322.1

 

 

 

 

 

 

    Purchase of Fixed Assets

-27,226.5

-15,093.5

-57,193.1

-70,934.6

-36,732.0

    Purchase/Acquisition of Intangibles

-503.7

-4,595.4

-6,255.6

-3,501.9

-1,101.0

Capital Expenditures

-27,730.2

-19,688.9

-63,448.7

-74,436.6

-37,833.1

    Sale of Fixed Assets

713.5

219.4

1,481.6

56.7

1,155.9

    Sale/Maturity of Investment

43,458.6

7,075.4

20,842.5

87,758.4

38,805.6

    Purchase of Investments

-109,225.4

-58,591.4

-7,383.1

-66,578.7

-37,228.4

    Sale of Intangible Assets

2,370.4

-

88.6

-

-

    Other Investing Cash Flow

-3.7

43.8

-1,134.0

-1,052.1

-905.7

Other Investing Cash Flow Items, Total

-62,686.6

-51,252.8

13,895.6

20,184.3

1,827.4

Cash from Investing Activities

-90,416.9

-70,941.8

-49,553.1

-54,252.3

-36,005.6

 

 

 

 

 

 

    Other Financing Cash Flow

25,836.4

-14,913.5

-9,991.5

-10,001.2

117.2

Financing Cash Flow Items

25,836.4

-14,913.5

-9,991.5

-10,001.2

117.2

Total Cash Dividends Paid

-11,239.3

-8,845.7

-8,842.0

-6,583.2

-4,328.7

        Sale/Issuance of Common

-

14,527.6

252.3

4,352.3

5,440.1

    Common Stock, Net

-

14,527.6

252.3

4,352.3

5,440.1

Issuance (Retirement) of Stock, Net

-

14,527.6

252.3

4,352.3

5,440.1

        Short Term Debt Issued

-

7,078.2

64,600.0

289,477.2

242,397.4

        Short Term Debt Reduction

-

-83,600.0

-

-296,449.0

-259,543.8

    Short Term Debt, Net

-

-76,521.8

64,600.0

-6,971.8

-17,146.4

        Long Term Debt Issued

-

59,835.0

30,000.0

30,000.0

25,000.0

        Long Term Debt Reduction

-

-4,529.4

-

-

-

    Long Term Debt, Net

-

55,305.6

30,000.0

30,000.0

25,000.0

Issuance (Retirement) of Debt, Net

-

-21,216.2

94,600.0

23,028.2

7,853.6

Cash from Financing Activities

14,597.1

-30,447.9

76,018.9

10,796.1

9,082.2

 

 

 

 

 

 

Net Change in Cash

8,651.7

10,616.5

5,736.7

-8,232.3

398.7

 

 

 

 

 

 

Net Cash - Beginning Balance

22,202.6

11,586.1

5,849.5

14,081.7

14,485.8

Net Cash - Ending Balance

30,854.3

22,202.6

11,586.1

5,849.5

14,884.5

 

 

 

 

Annual Income Statement

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Merchandise Revenues

275,136.0

248,439.5

244,250.8

180,852.7

153,705.3

    Finished Products

515,244.4

394,291.6

270,877.6

259,953.9

251,412.4

    Service Revenues

634.9

477.2

968.3

1,492.5

-

Total Revenue

791,015.3

643,208.3

516,096.7

442,299.0

405,117.7

 

 

 

 

 

 

    Merchandise Cost

217,557.6

197,017.1

174,672.9

126,553.8

113,507.0

    Cost Manufacturing

258,160.5

175,988.8

136,188.5

133,422.3

126,960.0

    Cost-Services

606.2

455.6

992.7

1,918.6

-

    Salaries & Wages

35,676.6

31,821.8

33,700.6

28,539.6

26,858.5

    Retirement Allowance

4,349.7

3,058.7

4,004.1

3,158.1

3,267.7

    Employee Benefits

6,311.6

7,599.2

4,188.7

3,080.0

2,046.8

    Welfare Improve Exp.

3,271.0

3,717.4

2,839.2

2,340.9

1,916.9

    Travel Expenses

6,080.5

6,379.0

5,362.9

4,016.0

4,143.1

    Communication Exp.

461.5

342.2

374.2

322.3

385.3

    Sales Marketing Expenses

-

-

-

-

49.0

    Utility Expense

484.5

461.1

474.3

534.2

485.6

    Consumable Expense

717.0

1,430.4

2,006.6

1,943.9

1,766.7

    Taxes and Dues

507.6

653.9

643.0

642.8

781.5

    Repair Expenses

64.2

60.8

64.2

103.5

87.5

    Insurance Expenses

308.8

169.4

148.0

123.8

146.8

    Transportation Equip

833.1

749.3

839.7

752.1

862.0

    Entertainment

1,401.5

1,016.9

993.5

1,247.0

1,890.0

    Shipping/Handling

5,316.1

3,033.7

2,469.1

2,160.8

3,111.8

    Publishing Expenses

266.4

170.4

184.5

171.1

152.2

    Education & Training

646.3

595.8

808.7

819.0

478.8

    Commissions

16,880.5

13,770.3

10,839.1

9,569.5

8,660.5

    Rent

2,132.5

2,132.9

2,057.6

2,431.0

2,346.4

    Advertising Expenses

6,955.7

7,683.2

6,774.3

8,363.7

10,187.8

    Marketing Expenses

6,145.0

9,756.6

6,068.7

1,357.7

1,526.9

    Overseas Mkt Develop

1,057.3

496.3

351.6

397.8

252.1

    Market Development Expense

-

-

6,501.3

11,899.1

9,872.0

    Depreciation Expense

3,143.0

3,183.6

3,752.0

3,854.9

1,992.5

    Amort of Intangibles

1,586.3

1,843.2

1,268.6

955.6

664.0

    Amort. of Bad Debts

-

-

536.1

719.8

1,014.9

    Expenses for Samples

783.6

470.1

619.5

724.6

683.6

    Conference Expenses

358.6

236.7

406.3

478.6

651.3

    Development Expense

56,851.5

44,832.8

34,430.2

27,158.5

19,881.3

    Packaging Expenses

201.6

240.4

229.5

200.3

285.6

    Consign Svc Commissn

4,726.2

3,494.5

2,834.1

3,174.5

2,691.6

    Consign Services

1,540.2

955.5

540.2

708.6

600.9

    Miscellaneous Service Commission

3.9

2.6

0.7

9.2

44.7

Total Operating Expense

645,386.6

523,820.0

448,165.1

383,853.4

350,253.6

 

 

 

 

 

 

    Interest Income

2,217.9

1,096.9

919.1

646.9

675.2

    Dividend Income

139.8

121.0

312.8

346.9

346.9

    Rental Income

1,512.9

1,571.9

1,435.7

1,273.7

1,153.6

    G-For Curr Transactn

2,679.2

4,619.2

1,933.4

443.8

369.1

    G-For Exch Translatn

573.0

6,021.0

983.0

148.6

351.8

    Gain-Valuation of Currency Swap

-

-

16,517.4

-

-

    Gain Disposal Assets

32.0

111.2

157.5

12.4

70.4

    Recovery-Loan Loss Reserve

186.1

38.3

73.5

-

-

    Fees Received

1,487.4

1,462.9

1,493.1

2,607.2

9,301.7

    G-Inv.Asset Disposal

-

5,841.2

7,740.6

10,755.2

50.0

    Gain-Currency Swap Transaction

-

-

148.8

-

-

    Recovery of Taxes Paid

-

-

-

-

0.0

    Miscellaneous Income

2,142.3

78.1

118.1

499.9

1,274.5

    Interest Expenses

-5,370.9

-9,556.6

-6,759.7

-3,582.8

-5,035.1

    L-Reduction Secs avail. for Sale

-

-649.7

-365.9

-512.4

-2,123.8

    Other Amortization

-157.7

-244.5

-29.8

-199.0

-

    Disp of Inv. Assets

-77.4

-1,753.4

-

-53.1

-

    Loss-Currency Swap Transaction

-621.7

-1,071.6

-165.1

-

-

    Loss Disp Tang. Ast

-662.9

-67.8

-2.0

-4.5

-18.1

    Loss-Scrapping of inventory

-

-1,070.2

-

-6.0

-4,916.8

    L-For Curr Transactn

-2,212.7

-3,205.7

-6,323.3

-1,202.8

-435.3

    L-For Exch Translatn

-349.7

-308.2

-17,293.6

-155.5

-51.4

    Donations Paid

-6,953.0

-4,407.8

-1,303.4

-9,126.3

-2,174.0

    Factory Transfrt Expense

-

-4,345.8

-8,206.4

-

-

    Additional Income tax

-

-

-

-

-4,806.3

    Miscellaneous Exp.

-816.4

-132.8

-593.2

-1,014.1

-95.8

    Loss-Disposal of Accounts Receivable

-

-28.2

-

-

-

    L-Currency Swap Valuation

-310.5

-4,451.0

-

-442.2

-

    Loss-Reduction of Intangible Assets

-

-3,172.0

-

-

-

    Gain under Equity Method

27.1

649.3

584.7

1,370.9

39.6

    Loss-Valuation of Equity Method Sec.

-2,643.6

-1,880.3

-109.0

-134.7

-66.8

    Impairment Losses on Equity Method Secur

-1,752.3

-

-

-

-

Net Income Before Taxes

134,697.5

104,653.8

59,197.9

60,117.6

48,773.6

 

 

 

 

 

 

Provision for Income Taxes

30,008.9

24,129.4

10,325.2

15,760.4

14,010.3

Net Income After Taxes

104,688.6

80,524.4

48,872.7

44,357.1

34,763.4

 

 

 

 

 

 

    Minority Interest

-

-

-

-

29.9

Net Income Before Extra. Items

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

Net Income

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Basic Weighted Average Shares

9.2

9.1

9.0

8.9

8.8

Basic EPS Excluding ExtraOrdinary Items

11,344.43

8,884.23

5,441.46

4,964.84

3,947.44

Basic EPS Including ExtraOrdinary Item

11,344.43

8,884.23

5,441.46

4,964.84

3,947.44

Dilution Adjustment

1,193.7

255.5

0.0

-

-

Diluted Net Income

105,882.3

80,779.9

48,872.7

44,357.1

34,793.3

Diluted Weighted Average Shares

9.4

9.1

9.0

8.9

8.8

Diluted EPS Excluding ExtraOrd Items

11,214.07

8,874.06

5,441.46

4,964.84

3,947.44

Diluted EPS Including ExtraOrd Items

11,214.07

8,874.06

5,441.46

4,964.84

3,947.44

DPS-Common Stock

1,750.00

1,231.05

984.84

984.84

738.63

Gross Dividends - Common Stock

17,114.1

11,239.3

8,845.7

8,842.0

6,584.0

Normalized Income Before Taxes

135,328.4

105,680.6

59,042.4

60,115.7

54,003.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

30,149.4

24,366.1

10,298.0

15,760.0

15,407.6

Normalized Income After Taxes

105,179.0

81,314.4

48,744.4

44,355.8

38,596.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

105,179.0

81,314.4

48,744.4

44,355.8

38,626.2

 

 

 

 

 

 

Basic Normalized EPS

11,397.57

8,971.39

5,427.16

4,964.68

4,382.29

Diluted Normalized EPS

11,266.01

8,960.85

5,427.16

4,964.68

4,382.29

Interest Expense, Supplemental

5,370.9

9,556.6

6,759.7

3,582.8

5,035.1

Rental Expense, Supplemental

2,132.5

2,132.9

2,057.6

2,431.0

2,346.4

Advertising Expense

13,100.7

17,439.8

12,843.0

9,721.4

11,714.7

R&D Expense, Supplemental

56,851.5

44,832.8

34,430.2

27,158.5

19,881.3

Depreciation, Supplemental

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

Amortization of Acquisition Costs

-

-

-

-

365.7

Amort of Intangibles, Supplemental

3,346.6

2,237.9

1,268.6

955.6

323.0

 

 

 

Annual Balance Sheet

Financials in: KRW (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash/Equivalents

30,854.3

22,202.6

11,586.1

5,849.5

14,884.5

    ST Finl Assets

103,437.7

43,458.6

110.0

6,681.8

15.6

    ST Invest Assets

-

-

-

-

6.6

    Currency Swap, Current Assets

1,959.9

10,298.3

14,302.5

-

-

    Trade Rcvb Gross

148,865.0

171,325.1

164,083.8

125,197.4

109,547.1

    Doubtful Account

-3,427.1

-3,859.6

-4,076.7

-3,746.3

-4,134.5

    Other Rcvbls

1,024.8

1,284.0

1,055.2

1,805.9

1,475.4

    Accrued Income

388.0

89.4

13.4

21.3

140.7

    ST Employee Loan

-

-

-

29.8

39.4

    Advance Payments

2,257.9

1,934.3

2,061.5

2,006.3

5,013.3

    Prepaid Expenses

476.3

688.3

1,309.2

391.2

468.1

    Marketable Secs.

-

-

4.6

7.9

0.7

    Deferred Income Tax

1,937.4

2,943.4

1,554.0

2,269.9

2,613.0

    Merchandise

49,600.0

47,089.5

35,325.0

29,887.5

18,119.7

    Finished Goods

28,401.5

19,285.0

11,583.5

14,039.9

16,081.2

    Work in Progress

86,845.5

92,768.3

46,998.6

29,187.3

35,306.9

    Raw Materials

20,474.1

40,304.0

17,739.9

9,090.2

17,266.6

    Supplies

0.4

5.3

20.2

14.3

8.5

    Goods in Transit

4,594.0

12,231.6

799.2

217.8

-

    Raw Mat.Transit

-

-

-

-

53.4

    Other Inventory

-

-

-

-

3.6

Total Current Assets

477,689.6

462,048.0

304,470.0

222,951.6

216,909.9

 

 

 

 

 

 

    LT Finl Assets

10.5

2,879.3

548.6

8.0

12.0

    Secs for Sale

12,382.0

9,525.0

19,324.9

37,959.5

33,174.1

    Secs-Maturity

-

-

-

-

33.9

    Investment Affil

18,786.7

21,757.4

7,670.1

942.9

605.1

    Guarantee Dep.

7,359.6

7,265.0

7,308.8

6,174.8

5,266.1

    Deferred Income Tax, Debit

-

-

91.6

-

3.2

    Membership Rights

-

-

-

-

148.2

    Land

21,548.3

7,460.3

7,460.3

7,460.3

8,563.0

    Buildings

154,636.1

154,829.7

58,608.5

47,515.9

54,372.3

    Buildings Depre.

-13,471.4

-10,451.9

-7,953.3

-6,819.9

-7,336.2

    Structures

3,926.8

3,425.2

832.3

524.3

1,849.2

    Structure Depre.

-484.1

-361.2

-254.7

-233.3

-711.9

    Machinery/Equip.

91,244.2

78,041.1

51,493.1

47,478.7

53,922.6

    Mach/Equip Depre

-56,942.4

-42,701.4

-32,644.6

-28,131.8

-27,889.7

    Transport Equip.

2,316.0

2,116.5

1,763.6

1,497.1

1,543.3

    Transport Deprec

-1,361.8

-1,216.3

-996.6

-737.1

-665.7

    Tools/Equipments

13,523.4

11,321.5

10,730.8

10,037.2

10,634.7

    Tool/Equip Depr.

-10,525.5

-8,764.5

-8,726.2

-7,862.6

-7,221.0

    Construc in Prog

11,364.5

2,432.1

115,447.6

77,567.2

11,443.8

    Machines in Transit

-

-

-

-

116.2

    Indust.-Patent

1,889.6

2,127.3

2,597.8

327.7

299.3

    LA Develop Costs

6,600.2

8,251.9

9,520.5

6,197.5

5,786.6

    Goodwill

-

-

-

-

731.5

    Other Intangibles

807.4

3,042.6

2,078.0

2,772.8

1,085.3

Total Assets

741,299.8

713,027.6

549,371.0

425,630.6

362,675.9

 

 

 

 

 

 

    Accounts Payable

6,261.0

1,612.8

9,136.6

29,128.4

7,478.2

    Trade Acct. Pay.

54,885.7

101,139.4

48,493.1

38,468.1

36,791.7

    ST Borrowings

5,694.5

5,838.0

83,600.0

19,000.0

48,009.8

    Accrued Expenses

21,033.8

20,975.3

16,814.5

13,148.4

10,187.5

    Other Current Liabilities

8,726.5

8,846.0

5,532.7

3,092.6

2,383.5

    Customer Advance

1,943.2

51,079.5

2,624.6

1,455.6

1,936.6

    Current Port LTD

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

    Dividend Payablee

-

45.4

45.0

0.6

0.3

    Taxes Payable

17,731.4

23,276.2

4,967.6

10,268.4

11,865.6

    VAT Withheld

2,337.6

2,972.1

2,535.5

595.0

3,530.4

    Security Deposit Withheld

413.7

490.5

389.8

448.3

487.7

    Liab-Return Good

9,296.2

7,522.7

5,289.5

3,635.7

3,262.6

    Currency Swap

118.4

218.0

433.3

442.2

-

Total Current Liabilities

146,646.4

269,190.6

194,862.2

129,683.4

139,933.9

 

 

 

 

 

 

    Bonds

-

-

-

15,000.0

-

    LT Borrowings

4,118.9

22,634.0

76,789.2

30,000.0

25,000.0

    Bonds with Warrant

28,158.4

25,510.7

-

-

-

    Convertible Bond

9,736.3

25,824.1

-

-

-

Total Long Term Debt

42,013.7

73,968.8

76,789.2

45,000.0

25,000.0

 

 

 

 

 

 

    Security Guarant

-

-

-

-

780.0

    Retire Reserve

26,554.3

26,250.8

9,136.1

7,542.9

5,855.1

    Deposit-Retirement Insurance

-19,681.8

-18,474.6

-

-

-

    Transfer to National Pension Fund

-109.4

-128.1

-

-

-

    Lease Guarantee

1,236.1

1,392.6

1,406.8

1,339.7

1,301.5

    Deferred Income Tax

1,605.3

2,004.2

-

6,063.8

3,829.5

    Minority Interst

3,745.1

-

-

-

3,272.0

    Provisions for Lawsuit

800.8

-

-

-

-

Total Liabilities

202,810.5

354,204.3

282,194.3

189,629.8

179,972.0

 

 

 

 

 

 

    Common Stock

48,997.3

45,057.4

45,057.4

45,057.4

45,057.4

    Capital Surplus

-

-

-

-

78,842.1

    Paid-in Capital

150,889.2

70,546.5

70,546.5

70,546.5

-

    Capital Red Gain

5,616.1

5,616.1

5,616.1

5,616.1

-

    Gain on Disposal of Treasury Stock

11,792.2

11,792.2

1,323.8

1,176.2

-

    Other Capital Surplus

9,311.8

14,780.8

7,976.4

6,709.9

-

    Treasury Stock

-557.0

-557.0

-4,616.1

-4,720.9

-6,500.3

    Legal Reserve

4,070.0

2,940.0

2,050.0

1,160.0

-

    Voluntary Reserve

191,000.0

123,000.0

84,000.0

50,000.0

-

    Retained Earning

106,804.2

83,174.4

51,385.7

46,244.9

57,070.4

    Value-Secs avail. for Sale

2,003.6

2,117.8

5,509.2

14,210.7

8,364.0

    Loss-Valuation of Currency Swaps

-129.6

-358.0

-1,672.1

-

-

    Capital Change, Equity Method

1,808.0

713.0

-

-

-

    L-Disp Treasury Stock

-

-

-

-

-1,358.4

    Oversea Op Trans

-

-

-

-

1,228.7

    Losses on Valuation of Equity Method Sec

-40.7

-

-

-

-

    Revaluation Reserve

6,924.2

-

-

-

-

Total Equity

538,489.3

358,823.3

267,176.8

236,000.8

182,703.9

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

741,299.8

713,027.6

549,371.0

425,630.6

362,675.9

 

 

 

 

 

 

    S/O-Common Stock

9.8

9.1

9.0

9.0

8.8

Total Common Shares Outstanding

9.8

9.1

9.0

9.0

8.8

T/S-Common Stock

0.0

0.0

0.2

0.2

0.2

Deferred Revenue, Current

1,943.2

51,079.5

2,624.6

1,455.6

1,936.6

Full-Time Employees

1,374

1,341

1,285

1,195

1,039

Number of Common Shareholders

14,390

23,102

2,171

2,705

3,095

Current maturities

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

Total Long Term Debt, Supplemental

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

 

 

 

Annual Cash Flows

Financials in: KRW (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

    Depreciation

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

    Amort. Intangible

3,346.6

2,237.9

1,268.6

955.6

688.7

    L-Equity Method Valuation

2,643.6

1,880.3

109.0

134.7

66.8

    Retirement Allowance

8,551.4

5,295.8

6,946.5

7,186.7

5,606.0

    Amort-Bad Debt Exp

-

-

536.1

719.8

1,014.9

    Amort-Discount on Bond with Warrant

-

5.1

-

-

-

    Amort-Convertible Right Adjustment

-

331.9

-

-

-

    Amort-Discount on Convertible Bond Issue

-

5.1

-

-

-

    Amort-Subscription Warrant Adjustment

-

327.8

-

-

-

    Loss-Disposal of Trade Receivable

-

28.2

-

-

-

    Loss-Reduction of Intangible Assets

-

3,172.0

-

-

-

    Loss-Scraping of Inventory

-

1,070.2

-

-

4,916.8

    Loss-Valuation of Inventory

-

669.8

128.2

-

366.3

    L-Reduction Secs for Sale

-

649.7

365.9

512.4

2,123.8

    L-Investment Asset Disposal

77.4

1,753.4

-

53.1

0.0

    Disp Tang Asst Loss

662.9

67.8

2.0

4.5

18.1

    Translation Loss

37.2

121.9

17,173.8

155.5

40.8

    Other Prov. Doubtful

157.7

244.5

29.8

199.0

-

    Utility Expeses

-

-

-

33.4

-

    L-Other Investment Asets Disposal

-

-

-

6.0

-

    L-Currency Swap Valuation

310.5

4,451.0

-

442.2

-

    Loss-Currency Swap Transaction

621.7

1,071.6

165.1

-

-

    Miscellaneous Loss

800.8

0.2

0.0

-

0.0

    Recovery-Provision Doubtful Account

-186.1

-38.3

-73.5

-

-

    Gain-Valuation of Currency Swap

-

-

-16,517.4

-

-

    Gain-Currency Swap Transaction

-

-

-148.8

-

-

    Expense-Consumable Goods

-

-

-

-

11.0

    G-Minority Interest

-

-

-

-

-29.9

    Interest Paid

3,354.1

-

-

-

-

    Translation Gain

-573.0

-6,020.8

-983.0

-47.4

-351.8

    G-Inv.Asset Disp

-

-5,841.2

-7,740.6

-10,755.2

-50.0

    Gain Disp Tang. Ast

-32.0

-111.2

-157.5

-12.4

-70.4

    Gain under Equity Method

-27.1

-649.3

-584.7

-1,370.9

-

    Revers-Doubtful Acct

-

-

-

-

-39.6

    Trade Receivables

22,143.0

-7,484.8

-39,211.5

-31,330.3

-21,317.7

    Doubtful Account

-

-

-

-

22.6

    Account Rcvbl.

-27.2

-473.3

1,341.2

-647.8

-185.5

    Accrued Income

-298.4

-76.0

7.9

-20.8

7.5

    Advanced Payment

-301.0

127.2

-55.2

2,103.3

-3,686.3

    Prepaid Expenses

213.9

620.9

-918.1

-8.1

54.7

    Inventory

28,360.4

-100,957.3

-30,157.5

-9,430.5

-13,897.8

    LT Prepaid Expenses

-

-

-

-

0.0

    ST Loans to Employees

-

-

-

-

0.1

    Deferred Tax, Current Assets

-

-

-

-

-851.4

    Deferred TAx-Assets

1,261.4

-1,297.8

-600.8

24.2

-89.3

    Currency Swap

-

-90.0

-16.3

-

-

    Deferred Tax, Liabilities

-1,527.5

2,840.1

-673.5

16.6

1,131.6

    Trade Payables

-47,322.0

52,890.5

10,742.7

3,395.7

-6,390.7

    Account Payables

4,508.1

-7,523.8

-19,991.7

22,123.9

6,051.9

    LT Account Payables

-

-

-

-

0.0

    Accrued Income TAx

-5,531.0

18,308.7

-5,300.8

-1,260.6

8,002.6

    Accrued Expenses

-642.1

4,160.8

3,666.1

3,780.1

317.8

    Accrued Dividends

-

0.5

44.3

-

-

    Advances Reiceived

-49,141.6

48,454.9

1,169.0

-197.7

1,356.5

    Deposits Withheld

-340.2

3,313.3

2,440.1

747.3

715.6

    VAT Withheld

-441.9

436.6

1,940.5

-2,504.1

911.4

    Returned Goods

-

-

1,653.7

984.9

2,145.6

    Payment-Retirement Bonus

-9,071.8

-5,335.5

-2,232.4

-1,522.0

-2,988.5

    Currency Swap Liability

-

-215.3

-

-

-

    Carry-Over Retirement Allowance

-238.0

42.2

-271.8

202.5

-54.3

    Retire Insur Dep.

-316.3

-1,504.0

-2,861.0

-3,331.3

-852.0

    National Pension

18.6

13.5

11.9

14.5

37.9

    Oversea Op Translation

-

-

-

-

117.4

    Sec. Dep Withhld

-76.8

-

-

-

-

    Impairment Losses on Equity Method Secur

1,752.3

-

-

-

-

    Miscellaneous Gain

-861.5

-

-

-

-

    Dividend Received from Affiliates

255.0

-

-

-

-

    Reserve-Sales Return

1,773.5

-

-

-

-

Cash from Operating Activities

84,471.5

112,006.2

-20,729.1

35,223.9

27,322.1

 

 

 

 

 

 

    Decr-ST Finl Assets

43,458.6

110.0

6,571.8

58,200.2

38,170.6

    Dec in ST Loans

-

-

-

-

0.0

    Dec-LT Finl Assets

-

-

-

-

23.5

    Disp of Market Secs.

-

6,965.4

14,270.7

7,749.4

611.5

    Dec-Equity Method Inv. Secs. Disp.

-

-

-

21,808.8

-

    Dec-Guarantee Dep

1,119.9

1,709.0

19.0

506.7

247.9

    Proceeds from Other Intangible Assets

2,370.4

-

-

-

-

    Disp-Land

557.0

-

-

-

-

    Disposal of Building

30.0

-

-

-

-

    Disp-Machinery

12.5

196.0

1,341.5

15.5

267.7

    Disposal Trans Equip

114.0

13.0

93.7

41.2

62.7

    Disp Tools/Supplies

-

-

46.5

0.0

24.4

    Decrease-Development Cost

-

-

88.6

-

-

    Disposal-Construction in Progress

-

10.3

-

-

801.2

    Dec in ST Empl Loans

-

-

-

5.1

-

    Incr-ST Finl Assets

-99,466.4

-43,458.6

-

-64,846.6

-36,747.3

    Inc-ST Loans

-

-

-

-

0.0

    Increase-LT Financial Assets

-

-2,330.7

-540.6

-

-1.5

    Inc-Investment Secs

-2,782.0

-178.6

-591.0

-1,732.1

-479.7

    Increase-Membership Rights

-

-

-

-

0.0

    Inc in Guarant Depos

-1,123.6

-1,665.2

-1,153.0

-1,558.8

-1,153.5

    Acq-Building

-

-4,533.4

-

-47.0

-26.0

    Increase-Structure

-4.6

-38.2

-30.0

-

-45.1

    Purch. of Mach/Equip

-1,957.1

-6,613.8

-1,878.1

-3,322.9

-1,474.2

    Acq. of Trans Equip

-456.3

-390.7

-416.9

-309.4

-428.4

    Acq. in Tools/Suppl.

-482.4

-1,085.5

-877.2

-571.9

-440.1

    Acq-Constructn Prog

-24,326.1

-2,432.0

-53,990.9

-66,683.4

-33,664.4

    Inc Industrial Ptnt

-370.7

-188.4

-2,531.6

-119.6

-238.9

    Inc. in Develop.Cost

-

-2,559.4

-3,692.5

-626.0

-762.1

    Increase-Other Intangible Assets

-133.0

-1,847.6

-31.5

-2,756.4

-100.0

    Increase-Securities under Equity Method

-6,977.0

-12,623.6

-6,251.5

-

-

    Inc-Machinery in Transit

-

-

-

-

-653.9

    Inc in ST Empl Loans

-

-

-

-5.0

-

Cash from Investing Activities

-90,416.9

-70,941.8

-49,553.1

-54,252.3

-36,005.6

 

 

 

 

 

 

    Inc-ST Borrowings

-

7,078.2

64,600.0

289,477.2

242,397.4

    Incr-Security Deposits

-

100.7

17.0

40.7

323.1

    Issuance-Bond with Warrant

-

29,917.5

-

-

-

    Dec-Lease Guarantee

-

-

120.7

277.0

23.0

    Disp-Treasury Stock

-

14,527.6

252.3

4,352.3

5,440.1

    Inc in LT Borrowings

-

-

30,000.0

30,000.0

25,000.0

    Increase-Convertible Bond

-

29,917.5

-

-

-

    Issuance Common Stk

-

-

-

-

0.0

    Dec of ST Borrowings

-

-83,600.0

-

-296,449.0

-259,543.8

    Repay Curr LT Liabs

-45,174.8

-15,000.0

-10,000.0

-10,000.0

-

    Dec in Sec Deposit

-

-

-75.5

-80.1

-202.9

    Decr-Rent Deposit

-56.5

-14.1

-53.6

-238.8

-26.0

    Consolidation Scope

326.2

-

-

-

-

    Decrease-LT Borrowings

-

-4,529.4

-

-

-

    Dividends Paid

-11,239.3

-8,845.7

-8,842.0

-6,583.2

-4,328.7

    Sale of Currency Swap

7,612.7

-

-

-

-

    Cash Inflow-Capital Increase

63,128.8

-

-

-

-

Cash from Financing Activities

14,597.1

-30,447.9

76,018.9

10,796.1

9,082.2

 

 

 

 

 

 

Net Change in Cash

8,651.7

10,616.5

5,736.7

-8,232.3

398.7

 

 

 

 

 

 

Net Cash - Beginning Balance

22,202.6

11,586.1

5,849.5

14,081.7

14,485.8

Net Cash - Ending Balance

30,854.3

22,202.6

11,586.1

5,849.5

14,884.5

 

 

Financial Health

 

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

Key Indicators REP (mil)

 

Quarter
Ending
30-Sep-2011

Quarter
Ending
Yr Ago

Annual
Year End
31-Dec-2010

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1

233,891.7

21.99%

791,015.3

22.98%

21.38%

16.26%

Research & Development1

-

-

56,851.5

26.81%

27.92%

25.64%

Operating Income1

46,180.5

26.70%

145,628.7

21.98%

35.57%

33.80%

Income Available to Common Excl Extraord Items1

33,209.1

6.48%

104,688.6

30.01%

33.14%

29.15%

Basic EPS Excl Extraord Items1

3,340.52

-1.52%

11,344.43

27.69%

31.71%

27.80%

Capital Expenditures2

31,042.7

78.37%

27,730.2

40.84%

-28.05%

5.14%

Cash from Operating Activities2

18,327.2

-38.31%

84,471.5

-24.58%

33.85%

29.41%

Free Cash Flow

-12,715.5

-

56,741.2

-38.54%

-

101.97%

Total Assets3

854,652.5

-

741,299.8

3.97%

20.32%

20.10%

Total Liabilities3

249,675.5

-

202,810.5

-42.74%

2.27%

5.61%

Total Long Term Debt3

10,080.4

-

42,013.7

-43.20%

-2.26%

24.58%

Employees3

-

-

1374

2.46%

4.76%

7.08%

Total Common Shares Outstanding3

10.0

-

9.8

7.12%

2.89%

2.15%

1-ExchangeRate: KRW to REP Average for Period

1.000000

 

1.000000

 

 

 

2-ExchangeRate: KRW to REP Average for Period

1.000000

 

1.000000

 

 

 

3-ExchangeRate: KRW to REP Period End Date

1.000000

 

1.000000

 

 

 

Key Ratios

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Profitability

Gross Margin

39.78%

41.94%

39.57%

40.79%

40.64%

Operating Margin

18.41%

18.56%

13.16%

13.21%

13.54%

Pretax Margin

17.03%

16.27%

11.47%

13.59%

12.04%

Net Profit Margin

13.23%

12.52%

9.47%

10.03%

8.59%

Financial Strength

Current Ratio

3.26

1.72

1.56

1.72

1.55

Long Term Debt/Equity

0.08

0.21

0.29

0.19

0.14

Total Debt/Equity

0.12

0.35

0.66

0.31

0.48

Management Effectiveness

Return on Assets

14.40%

12.76%

10.03%

11.25%

10.54%

Return on Equity

23.33%

25.73%

19.43%

21.19%

21.41%

Efficiency

Receivables Turnover

5.01

3.90

3.63

3.84

4.19

Inventory Turnover

2.35

2.28

3.13

2.97

2.81

Asset Turnover

1.09

1.02

1.06

1.12

1.23

Market Valuation REP (mil)

Enterprise Value2

1,282,194.0

.

Enterprise Value/Revenue (TTM)

1.57

Price/Book (MRQ)

2.12

.

Enterprise Value/EBITDA (TTM)

7.54

Market Cap as of 03-Feb-20121

1,306,898.0

.

 

 

1-ExchangeRate: KRW to REP on 3-Feb-2012

1.000000

 

 

 

2-ExchangeRate: KRW to REP on 30-Sep-2011

1.000000

 

 

 

 

 

 

Annual Ratios

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 



 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Financial Strength

Current Ratio

3.26

1.72

1.56

1.72

1.55

Quick/Acid Test Ratio

1.92

0.87

0.89

1.05

0.87

Working Capital

331,043.2

192,857.3

109,607.8

93,268.2

76,976.0

Long Term Debt/Equity

0.08

0.21

0.29

0.19

0.14

Total Debt/Equity

0.12

0.35

0.66

0.31

0.48

Long Term Debt/Total Capital

0.07

0.15

0.17

0.15

0.09

Total Debt/Total Capital

0.11

0.26

0.40

0.24

0.32

Payout Ratio

15.43%

13.86%

18.10%

19.84%

18.71%

Effective Tax Rate

22.28%

23.06%

17.44%

26.22%

28.73%

Total Capital

604,402.0

483,804.8

442,566.0

310,000.8

269,713.7

 

 

 

 

 

 

Efficiency

Asset Turnover

1.09

1.02

1.06

1.12

1.23

Inventory Turnover

2.35

2.28

3.13

2.97

2.81

Days In Inventory

155.48

160.36

116.44

122.85

130.09

Receivables Turnover

5.01

3.90

3.63

3.84

4.19

Days Receivables Outstanding

72.83

93.61

100.56

95.06

87.12

Revenue/Employee

575,702,559

479,648,284

401,631,661

370,124,726

389,911,141

Operating Income/Employee

105,988,860

89,029,363

52,865,040

48,908,506

52,804,731

EBITDA/Employee

119,987,811

101,516,297

60,974,290

57,666,438

60,485,865

 

 

 

 

 

 

Profitability

Gross Margin

39.78%

41.94%

39.57%

40.79%

40.64%

Operating Margin

18.41%

18.56%

13.16%

13.21%

13.54%

EBITDA Margin

20.84%

21.16%

15.18%

15.58%

15.51%

EBIT Margin

18.41%

18.56%

13.16%

13.21%

13.54%

Pretax Margin

17.03%

16.27%

11.47%

13.59%

12.04%

Net Profit Margin

13.23%

12.52%

9.47%

10.03%

8.59%

R&D Expense/Revenue

7.19%

6.97%

6.67%

6.14%

4.91%

COGS/Revenue

60.22%

58.06%

60.43%

59.21%

59.36%

SG&A Expense/Revenue

13.59%

15.62%

18.77%

20.35%

21.54%

 

 

 

 

 

 

Management Effectiveness

Return on Assets

14.40%

12.76%

10.03%

11.25%

10.54%

Return on Equity

23.33%

25.73%

19.43%

21.19%

21.41%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share

5,802.06

10,111.52

-9,371.94

-4,367.64

-1,195.61

Operating Cash Flow/Share

8,637.61

12,268.06

-2,307.88

3,923.36

3,107.85

 

Current Market Multiples

Market Cap/Equity (MRQ)

2.16

Enterprise Value/Equity (MRQ)

2.12

 

 

 

 

 

Annual Income Statement

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

791,015.3

643,208.3

516,096.7

442,299.0

405,117.7

Revenue

791,015.3

643,208.3

516,096.7

442,299.0

405,117.7

Total Revenue

791,015.3

643,208.3

516,096.7

442,299.0

405,117.7

 

 

 

 

 

 

    Cost of Revenue

476,324.2

373,461.4

311,854.1

261,894.7

240,467.0

Cost of Revenue, Total

476,324.2

373,461.4

311,854.1

261,894.7

240,467.0

Gross Profit

314,691.1

269,746.9

204,242.6

180,404.3

164,650.7

 

 

 

 

 

 

    Selling/General/Administrative Expense

44,772.1

36,862.1

39,284.7

43,149.6

41,444.0

    Labor & Related Expense

49,608.8

46,197.1

44,732.6

37,118.6

34,089.9

    Advertising Expense

13,100.7

17,439.8

12,843.0

9,721.4

11,714.7

Total Selling/General/Administrative Expenses

107,481.6

100,499.0

96,860.3

89,989.7

87,248.7

Research & Development

56,851.5

44,832.8

34,430.2

27,158.5

19,881.3

    Depreciation

3,143.0

3,183.6

3,752.0

3,854.9

1,992.5

    Amortization of Intangibles

1,586.3

1,843.2

1,268.6

955.6

664.0

Depreciation/Amortization

4,729.4

5,026.8

5,020.6

4,810.5

2,656.6

Total Operating Expense

645,386.6

523,820.0

448,165.1

383,853.4

350,253.6

 

 

 

 

 

 

Operating Income

145,628.7

119,388.4

67,931.6

58,445.7

54,864.1

 

 

 

 

 

 

        Interest Expense - Non-Operating

-5,370.9

-9,556.6

-6,759.7

-3,582.8

-5,035.1

    Interest Expense, Net Non-Operating

-5,370.9

-9,556.6

-6,759.7

-3,582.8

-5,035.1

        Interest Income - Non-Operating

2,217.9

1,096.9

919.1

646.9

675.2

        Investment Income - Non-Operating

-4,548.9

759.7

3,963.9

10,564.6

-1,519.9

    Interest/Investment Income - Non-Operating

-2,330.9

1,856.5

4,883.0

11,211.5

-844.7

Interest Income (Expense) - Net Non-Operating Total

-7,701.8

-7,700.1

-1,876.8

7,628.7

-5,879.8

Gain (Loss) on Sale of Assets

-630.9

-1,026.7

155.5

1.9

-4,864.5

    Other Non-Operating Income (Expense)

-2,598.4

-6,007.7

-7,012.4

-5,958.6

4,653.8

Other, Net

-2,598.4

-6,007.7

-7,012.4

-5,958.6

4,653.8

Income Before Tax

134,697.5

104,653.8

59,197.9

60,117.6

48,773.6

 

 

 

 

 

 

Total Income Tax

30,008.9

24,129.4

10,325.2

15,760.4

14,010.3

Income After Tax

104,688.6

80,524.4

48,872.7

44,357.1

34,763.4

 

 

 

 

 

 

    Minority Interest

-

-

-

-

29.9

Net Income Before Extraord Items

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

Net Income

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

9.2

9.1

9.0

8.9

8.8

Basic EPS Excl Extraord Items

11,344.43

8,884.23

5,441.46

4,964.84

3,947.44

Basic/Primary EPS Incl Extraord Items

11,344.43

8,884.23

5,441.46

4,964.84

3,947.44

Dilution Adjustment

1,193.7

255.5

0.0

-

-

Diluted Net Income

105,882.3

80,779.9

48,872.7

44,357.1

34,793.3

Diluted Weighted Average Shares

9.4

9.1

9.0

8.9

8.8

Diluted EPS Excl Extraord Items

11,214.07

8,874.06

5,441.46

4,964.84

3,947.44

Diluted EPS Incl Extraord Items

11,214.07

8,874.06

5,441.46

4,964.84

3,947.44

Dividends per Share - Common Stock Primary Issue

1,750.00

1,231.05

984.84

984.84

738.63

Gross Dividends - Common Stock

17,114.1

11,239.3

8,845.7

8,842.0

6,584.0

Interest Expense, Supplemental

5,370.9

9,556.6

6,759.7

3,582.8

5,035.1

Depreciation, Supplemental

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

Total Special Items

630.9

1,026.7

-155.5

-1.9

5,230.2

Normalized Income Before Tax

135,328.4

105,680.6

59,042.4

60,115.7

54,003.8

 

 

 

 

 

 

Effect of Special Items on Income Taxes

140.6

236.7

-27.1

-0.5

1,397.3

Inc Tax Ex Impact of Sp Items

30,149.4

24,366.1

10,298.0

15,760.0

15,407.6

Normalized Income After Tax

105,179.0

81,314.4

48,744.4

44,355.8

38,596.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

105,179.0

81,314.4

48,744.4

44,355.8

38,626.2

 

 

 

 

 

 

Basic Normalized EPS

11,397.57

8,971.40

5,427.16

4,964.68

4,382.29

Diluted Normalized EPS

11,266.01

8,960.85

5,427.16

4,964.68

4,382.29

Amort of Acquisition Costs, Supplemental

-

-

-

-

365.7

Amort of Intangibles, Supplemental

3,346.6

2,237.9

1,268.6

955.6

323.0

Rental Expenses

2,132.5

2,132.9

2,057.6

2,431.0

2,346.4

Advertising Expense, Supplemental

13,100.7

17,439.8

12,843.0

9,721.4

11,714.7

Research & Development Exp, Supplemental

56,851.5

44,832.8

34,430.2

27,158.5

19,881.3

Normalized EBIT

145,628.7

119,388.4

67,931.6

58,445.7

54,864.1

Normalized EBITDA

164,863.3

136,133.4

78,352.0

68,911.4

63,210.6

 

 

 

 

Interim Income Statement

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

30-Sep-2010

30-Jun-2010

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Restated Calculated
30-Jun-2011

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

 

 

 

 

 

 

    Net Sales

233,891.7

185,414.8

157,112.1

191,735.4

161,354.8

Revenue

233,891.7

185,414.8

157,112.1

191,735.4

161,354.8

Total Revenue

233,891.7

185,414.8

157,112.1

191,735.4

161,354.8

 

 

 

 

 

 

    Cost of Revenue

146,230.2

128,306.1

104,182.7

112,588.8

101,517.9

Cost of Revenue, Total

146,230.2

128,306.1

104,182.7

112,588.8

101,517.9

Gross Profit

87,661.5

57,108.7

52,929.4

79,146.6

59,836.9

 

 

 

 

 

 

    Selling/General/Administrative Expense

41,195.6

43,250.2

36,592.8

43,206.8

32,439.5

Total Selling/General/Administrative Expenses

41,195.6

43,250.2

36,592.8

43,206.8

32,439.5

    Other Operating Expense

2,147.5

569.0

532.8

848.4

2,253.0

    Other, Net

-1,862.1

-1,429.6

-851.1

-1,357.9

-3,193.7

Other Operating Expenses, Total

285.4

-860.6

-318.3

-509.5

-940.7

Total Operating Expense

187,711.2

170,695.7

140,457.2

155,286.1

133,016.7

 

 

 

 

 

 

Operating Income

46,180.5

14,719.1

16,654.9

36,449.3

28,338.1

 

 

 

 

 

 

        Investment Income - Non-Operating

-102.8

-396.6

145.7

-502.6

-1,628.3

    Interest/Investment Income - Non-Operating

-102.8

-396.6

145.7

-502.6

-1,628.3

Interest Income (Expense) - Net Non-Operating Total

-102.8

-396.6

145.7

-502.6

-1,628.3

Income Before Tax

46,077.7

14,322.6

16,800.6

35,946.7

26,709.8

 

 

 

 

 

 

Total Income Tax

12,305.1

3,342.8

3,485.9

4,654.7

5,313.7

Income After Tax

33,772.6

10,979.8

13,314.7

31,292.1

21,396.1

 

 

 

 

 

 

    Minority Interest

-563.5

-539.5

-586.8

-102.8

-299.9

Net Income Before Extraord Items

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

Net Income

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

9.9

9.9

9.9

9.2

9.2

Basic EPS Excl Extraord Items

3,340.52

1,056.39

1,289.49

3,391.97

2,303.16

Basic/Primary EPS Incl Extraord Items

3,340.52

1,056.39

1,289.49

3,391.97

2,303.16

Dilution Adjustment

0.0

0.0

0.0

342.0

338.0

Diluted Net Income

33,209.1

10,440.3

12,727.9

31,531.2

21,434.2

Diluted Weighted Average Shares

10.1

10.1

10.1

9.4

9.4

Diluted EPS Excl Extraord Items

3,303.81

1,038.01

1,265.46

3,340.35

2,283.07

Diluted EPS Incl Extraord Items

3,303.81

1,038.01

1,265.46

3,340.35

2,283.07

Dividends per Share - Common Stock Primary Issue

0.00

0.00

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

0.0

0.0

Interest Expense, Supplemental

738.0

1,008.0

1,082.0

1,535.0

944.0

Depreciation, Supplemental

2,897.0

2,769.0

2,598.0

1,944.0

2,071.0

Normalized Income Before Tax

46,077.7

14,322.6

16,800.6

35,946.7

26,709.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

12,305.1

3,342.8

3,485.9

4,654.7

5,313.7

Normalized Income After Tax

33,772.6

10,979.8

13,314.7

31,292.1

21,396.1

 

 

 

 

 

 

Normalized Inc. Avail to Com.

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

 

 

 

 

 

 

Basic Normalized EPS

3,340.52

1,056.39

1,289.49

3,391.97

2,303.16

Diluted Normalized EPS

3,303.81

1,038.01

1,265.46

3,340.35

2,283.07

Amort of Intangibles, Supplemental

479.0

455.0

451.0

412.0

618.0

Rental Expenses

600.0

569.0

576.0

557.0

521.0

Advertising Expense, Supplemental

4,006.0

4,082.0

3,483.0

3,404.0

3,003.0

Research & Development Exp, Supplemental

12,035.0

16,446.0

10,955.0

17,332.0

7,281.0

Normalized EBIT

46,180.5

14,719.1

16,654.9

36,449.3

28,338.1

Normalized EBITDA

49,556.5

17,943.1

19,703.9

38,805.3

31,027.1

 

 

 

 

Annual Balance Sheet

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

30,854.3

22,202.6

11,586.1

5,849.5

14,884.5

    Short Term Investments

103,437.7

43,458.6

114.6

6,689.7

23.0

Cash and Short Term Investments

134,292.0

65,661.2

11,700.7

12,539.2

14,907.5

        Accounts Receivable - Trade, Gross

148,865.0

171,325.1

164,083.8

125,197.4

109,547.1

        Provision for Doubtful Accounts

-3,427.1

-3,859.6

-4,076.7

-3,746.3

-4,134.5

    Trade Accounts Receivable - Net

145,825.9

167,554.9

160,020.5

121,472.4

105,553.4

    Other Receivables

1,024.8

1,284.0

1,055.2

1,835.7

1,514.8

Total Receivables, Net

146,850.7

168,838.9

161,075.8

123,308.1

107,068.2

    Inventories - Finished Goods

82,595.5

78,606.1

47,707.6

44,145.2

34,200.9

    Inventories - Work In Progress

86,845.5

92,768.3

46,998.6

29,187.3

35,306.9

    Inventories - Raw Materials

20,474.1

40,304.0

17,739.9

9,090.2

17,320.0

    Inventories - Other

2,258.3

1,939.6

2,081.7

2,020.6

5,025.4

Total Inventory

192,173.4

213,617.9

114,527.8

84,443.3

91,853.2

Prepaid Expenses

476.3

688.3

1,309.2

391.2

468.1

    Deferred Income Tax - Current Asset

1,937.4

2,943.4

1,554.0

2,269.9

2,613.0

    Other Current Assets

1,959.9

10,298.3

14,302.5

-

-

Other Current Assets, Total

3,897.3

13,241.7

15,856.5

2,269.9

2,613.0

Total Current Assets

477,689.6

462,048.0

304,470.0

222,951.6

216,909.9

 

 

 

 

 

 

        Buildings

158,562.9

158,254.9

59,440.8

48,040.2

56,221.5

        Land/Improvements

21,548.3

7,460.3

7,460.3

7,460.3

8,563.0

        Machinery/Equipment

107,083.6

91,479.1

63,987.5

59,013.0

66,100.6

        Construction in Progress

11,364.5

2,432.1

115,447.6

77,567.2

11,560.0

    Property/Plant/Equipment - Gross

298,559.3

259,626.4

246,336.2

192,080.7

142,445.1

    Accumulated Depreciation

-82,785.1

-63,495.3

-50,575.5

-43,784.7

-43,824.4

Property/Plant/Equipment - Net

215,774.2

196,131.1

195,760.7

148,296.0

98,620.7

Goodwill, Net

-

-

-

-

731.5

Intangibles, Net

9,297.2

13,421.8

14,196.2

9,297.9

7,171.3

    LT Investment - Affiliate Companies

18,786.7

21,757.4

7,670.1

942.9

605.1

    LT Investments - Other

12,392.5

12,404.3

19,873.5

37,967.5

33,368.2

Long Term Investments

31,179.2

34,161.7

27,543.6

38,910.4

33,973.3

    Deferred Income Tax - Long Term Asset

-

-

91.6

-

3.2

    Other Long Term Assets

7,359.6

7,265.0

7,308.8

6,174.8

5,266.1

Other Long Term Assets, Total

7,359.6

7,265.0

7,400.4

6,174.8

5,269.3

Total Assets

741,299.8

713,027.6

549,371.0

425,630.6

362,675.9

 

 

 

 

 

 

Accounts Payable

54,885.7

101,139.4

48,493.1

38,468.1

36,791.7

Accrued Expenses

21,033.8

20,975.3

16,814.5

13,148.4

10,187.5

Notes Payable/Short Term Debt

5,694.5

5,838.0

83,600.0

19,000.0

48,009.8

Current Portion - Long Term Debt/Capital Leases

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

    Dividends Payable

-

45.4

45.0

0.6

0.3

    Customer Advances

1,943.2

51,079.5

2,624.6

1,455.6

1,936.6

    Security Deposits

413.7

490.5

389.8

448.3

487.7

    Income Taxes Payable

17,731.4

23,276.2

4,967.6

10,268.4

11,865.6

    Other Payables

6,261.0

1,612.8

9,136.6

29,128.4

7,478.2

    Other Current Liabilities

20,478.6

19,558.7

13,790.9

7,765.6

9,176.5

Other Current liabilities, Total

46,827.9

96,063.2

30,954.5

49,066.9

30,944.9

Total Current Liabilities

146,646.4

269,190.6

194,862.2

129,683.4

139,933.9

 

 

 

 

 

 

    Long Term Debt

42,013.7

73,968.8

76,789.2

45,000.0

25,000.0

Total Long Term Debt

42,013.7

73,968.8

76,789.2

45,000.0

25,000.0

Total Debt

65,912.7

124,981.6

175,389.2

74,000.0

87,009.8

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

1,605.3

2,004.2

-

6,063.8

3,829.5

Deferred Income Tax

1,605.3

2,004.2

-

6,063.8

3,829.5

Minority Interest

3,745.1

-

-

-

3,272.0

    Pension Benefits - Underfunded

6,763.1

7,648.1

9,136.1

7,542.9

5,855.1

    Other Long Term Liabilities

2,036.9

1,392.6

1,406.8

1,339.7

2,081.5

Other Liabilities, Total

8,800.0

9,040.7

10,542.9

8,882.6

7,936.6

Total Liabilities

202,810.5

354,204.3

282,194.3

189,629.8

179,972.0

 

 

 

 

 

 

    Common Stock

48,997.3

45,057.4

45,057.4

45,057.4

45,057.4

Common Stock

48,997.3

45,057.4

45,057.4

45,057.4

45,057.4

Additional Paid-In Capital

177,609.3

102,735.6

85,462.8

84,048.7

77,483.7

Retained Earnings (Accumulated Deficit)

301,874.2

209,114.4

137,435.7

97,404.9

57,070.4

Treasury Stock - Common

-557.0

-557.0

-4,616.1

-4,720.9

-6,500.3

Unrealized Gain (Loss)

10,565.5

2,472.9

3,837.1

14,210.7

8,364.0

    Translation Adjustment

-

-

-

-

1,228.7

Other Equity, Total

-

-

-

-

1,228.7

Total Equity

538,489.3

358,823.3

267,176.8

236,000.8

182,703.9

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

741,299.8

713,027.6

549,371.0

425,630.6

362,675.9

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

9.8

9.1

9.0

9.0

8.8

Total Common Shares Outstanding

9.8

9.1

9.0

9.0

8.8

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.2

0.2

0.2

Employees

1,374

1,341

1,285

1,195

1,039

Number of Common Shareholders

14,390

23,102

2,171

2,705

3,095

Deferred Revenue - Current

1,943.2

51,079.5

2,624.6

1,455.6

1,936.6

Total Long Term Debt, Supplemental

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

Long Term Debt Maturing within 1 Year

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

Long Term Debt Matur. in Year 6 & Beyond

0.0

0.0

0.0

0.0

0.0

 

 

 

 

Interim Balance Sheet

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Updated Normal
31-Mar-2011

Filed Currency

KRW

KRW

KRW

Exchange Rate

1

1

1

 

 

 

 

    Cash & Equivalents

24,153.7

30,045.9

25,510.8

    Short Term Investments

80,466.2

68,912.7

87,657.5

Cash and Short Term Investments

104,619.9

98,958.6

113,168.3

        Accounts Receivable - Trade, Gross

242,387.7

187,444.6

174,628.9

        Provision for Doubtful Accounts

-1,853.0

-1,642.0

-2,055.0

    Trade Accounts Receivable - Net

240,893.7

186,190.6

172,938.9

    Other Receivables

1,882.0

4,961.0

1,235.0

Total Receivables, Net

242,775.7

191,151.6

174,173.9

    Inventories - Finished Goods

72,829.0

71,222.0

74,302.0

    Inventories - Work In Progress

89,841.0

99,490.0

95,492.0

    Inventories - Raw Materials

19,192.0

25,008.0

22,537.0

    Inventories - Other

6,099.6

1,393.2

1,972.8

Total Inventory

187,961.6

197,113.2

194,303.8

    Other Current Assets

5,445.9

3,992.1

3,886.2

Other Current Assets, Total

5,445.9

3,992.1

3,886.2

Total Current Assets

540,803.0

491,215.5

485,532.3

 

 

 

 

        Buildings

158,196.0

157,132.0

155,897.0

        Land/Improvements

17,915.0

17,915.0

17,915.0

        Machinery/Equipment

103,409.0

100,221.0

96,914.0

        Construction in Progress

23,920.0

22,786.0

15,929.0

        Other Property/Plant/Equipment

19,897.3

19,086.3

18,363.4

    Property/Plant/Equipment - Gross

323,337.3

317,140.3

305,018.4

    Accumulated Depreciation

-83,924.0

-81,215.0

-79,234.0

Property/Plant/Equipment - Net

239,413.3

235,925.3

225,784.4

Goodwill, Net

13,997.0

12,324.0

12,364.0

Intangibles, Net

11,030.1

11,282.3

11,101.5

    LT Investment - Affiliate Companies

845.9

1,289.5

1,481.9

    LT Investments - Other

42,174.9

37,280.3

34,603.5

Long Term Investments

43,020.8

38,569.8

36,085.4

    Deferred Income Tax - Long Term Asset

608.0

797.8

718.6

    Other Long Term Assets

5,780.2

4,778.9

4,657.8

Other Long Term Assets, Total

6,388.2

5,576.7

5,376.5

Total Assets

854,652.5

794,893.6

776,244.0

 

 

 

 

Accounts Payable

82,145.0

123,460.0

68,617.0

Accrued Expenses

27,830.0

-

18,839.0

Notes Payable/Short Term Debt

58,541.9

21,750.0

45,188.9

    Dividends Payable

47.0

-

-

    Customer Advances

2,469.5

1,353.5

2,114.8

    Security Deposits

684.0

-

380.0

    Income Taxes Payable

11,954.6

6,504.0

12,611.4

    Other Payables

2,898.0

-

3,567.0

    Other Current Liabilities

19,008.6

8,080.6

12,958.4

Other Current liabilities, Total

37,061.7

15,938.1

31,631.6

Total Current Liabilities

205,578.6

161,148.0

164,276.4

 

 

 

 

    Long Term Debt

10,080.4

37,812.3

44,500.6

Total Long Term Debt

10,080.4

37,812.3

44,500.6

Total Debt

68,622.3

59,562.2

89,689.4

 

 

 

 

    Deferred Income Tax - LT Liability

963.1

-

-

Deferred Income Tax

963.1

-

-

Minority Interest

11,294.0

8,776.5

8,267.0

    Reserves

-

-

286.0

    Pension Benefits - Underfunded

20,782.1

18,490.0

16,675.1

    Other Long Term Liabilities

977.3

934.3

999.6

Other Liabilities, Total

21,759.5

19,424.3

17,960.7

Total Liabilities

249,675.5

227,161.1

235,004.6

 

 

 

 

    Common Stock

49,888.3

49,660.4

49,038.8

Common Stock

49,888.3

49,660.4

49,038.8

Additional Paid-In Capital

188,517.0

195,355.3

180,663.4

Retained Earnings (Accumulated Deficit)

351,156.6

317,947.5

308,690.5

Treasury Stock - Common

-557.0

-

-

Unrealized Gain (Loss)

4,440.0

-

-

    Translation Adjustment

-360.0

-

-

    Other Equity

11,792.1

-557.0

-557.0

    Other Comprehensive Income

100.0

5,326.2

3,403.7

Other Equity, Total

11,532.1

4,769.2

2,846.7

Total Equity

604,977.0

567,732.5

541,239.4

 

 

 

 

Total Liabilities & Shareholders’ Equity

854,652.5

794,893.6

776,244.0

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

10.0

9.9

9.8

Total Common Shares Outstanding

10.0

9.9

9.8

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.0

Employees

1,317

1,346

1,328

Accumulated Intangible Amort, Suppl.

7,314.0

6,836.0

6,926.0

Deferred Revenue - Current

2,469.5

1,353.5

2,114.8

Total Long Term Debt, Supplemental

-

7,782.0

-

Long Term Debt Maturing within 1 Year

-

7,782.0

-

Long Term Debt Matur. in Year 6 & Beyond

-

0.0

-

 

 

 

 

Annual Cash Flows

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

    Depreciation

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

Depreciation/Depletion

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

    Amortization of Intangibles

3,346.6

2,237.9

1,268.6

955.6

688.7

Amortization

3,346.6

2,237.9

1,268.6

955.6

688.7

Deferred Taxes

-266.1

1,542.4

-1,274.3

40.8

190.9

    Unusual Items

2,771.1

5,881.4

-23,919.4

-9,749.3

7,304.5

    Equity in Net Earnings (Loss)

2,616.5

1,231.0

-475.7

-1,236.2

66.8

    Other Non-Cash Items

11,902.3

1,373.0

23,646.0

8,247.0

6,251.3

Non-Cash Items

17,290.0

8,485.4

-749.1

-2,738.6

13,622.6

    Accounts Receivable

21,817.4

-8,034.0

-37,862.4

-31,998.9

-21,495.7

    Inventories

28,059.4

-100,830.1

-30,212.6

-7,327.3

-17,584.1

    Prepaid Expenses

213.9

620.9

-918.1

-8.1

54.7

    Other Assets

-

-90.0

-16.3

-

-

    Accounts Payable

-42,813.9

45,366.7

-9,249.1

25,519.6

-338.8

    Accrued Expenses

-642.1

4,161.2

3,710.4

3,780.1

317.8

    Taxes Payable

-5,972.8

18,745.2

-3,360.3

-3,764.7

8,914.0

    Other Liabilities

-57,392.5

44,769.0

-90.5

-3,101.9

360.8

    Other Operating Cash Flow

255.0

-

-

-

140.0

Changes in Working Capital

-56,475.6

4,709.0

-77,998.8

-16,901.2

-29,631.1

Cash from Operating Activities

84,471.5

112,006.2

-20,729.1

35,223.9

27,322.1

 

 

 

 

 

 

    Purchase of Fixed Assets

-27,226.5

-15,093.5

-57,193.1

-70,934.6

-36,732.0

    Purchase/Acquisition of Intangibles

-503.7

-4,595.4

-6,255.6

-3,501.9

-1,101.0

Capital Expenditures

-27,730.2

-19,688.9

-63,448.7

-74,436.6

-37,833.1

    Sale of Fixed Assets

713.5

219.4

1,481.6

56.7

1,155.9

    Sale/Maturity of Investment

43,458.6

7,075.4

20,842.5

87,758.4

38,805.6

    Purchase of Investments

-109,225.4

-58,591.4

-7,383.1

-66,578.7

-37,228.4

    Sale of Intangible Assets

2,370.4

-

88.6

-

-

    Other Investing Cash Flow

-3.7

43.8

-1,134.0

-1,052.1

-905.7

Other Investing Cash Flow Items, Total

-62,686.6

-51,252.8

13,895.6

20,184.3

1,827.4

Cash from Investing Activities

-90,416.9

-70,941.8

-49,553.1

-54,252.3

-36,005.6

 

 

 

 

 

 

    Other Financing Cash Flow

25,836.4

-14,913.5

-9,991.5

-10,001.2

117.2

Financing Cash Flow Items

25,836.4

-14,913.5

-9,991.5

-10,001.2

117.2

Total Cash Dividends Paid

-11,239.3

-8,845.7

-8,842.0

-6,583.2

-4,328.7

        Sale/Issuance of Common

-

14,527.6

252.3

4,352.3

5,440.1

    Common Stock, Net

-

14,527.6

252.3

4,352.3

5,440.1

Issuance (Retirement) of Stock, Net

-

14,527.6

252.3

4,352.3

5,440.1

        Short Term Debt Issued

-

7,078.2

64,600.0

289,477.2

242,397.4

        Short Term Debt Reduction

-

-83,600.0

-

-296,449.0

-259,543.8

    Short Term Debt, Net

-

-76,521.8

64,600.0

-6,971.8

-17,146.4

        Long Term Debt Issued

-

59,835.0

30,000.0

30,000.0

25,000.0

        Long Term Debt Reduction

-

-4,529.4

-

-

-

    Long Term Debt, Net

-

55,305.6

30,000.0

30,000.0

25,000.0

Issuance (Retirement) of Debt, Net

-

-21,216.2

94,600.0

23,028.2

7,853.6

Cash from Financing Activities

14,597.1

-30,447.9

76,018.9

10,796.1

9,082.2

 

 

 

 

 

 

Net Change in Cash

8,651.7

10,616.5

5,736.7

-8,232.3

398.7

 

 

 

 

 

 

Net Cash - Beginning Balance

22,202.6

11,586.1

5,849.5

14,081.7

14,485.8

Net Cash - Ending Balance

30,854.3

22,202.6

11,586.1

5,849.5

14,884.5

 

 

 

 

Interim Cash Flows

Standardized

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

30-Sep-2010

30-Jun-2010

Period Length

9 Months

6 Months

3 Months

9 Months

6 Months

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Updated Normal
31-Mar-2011

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

 

 

 

 

 

 

Net Income/Starting Line

58,067.0

24,295.0

13,556.0

119,226.0

88,010.0

    Depreciation

8,264.0

5,367.0

2,598.0

6,546.0

4,602.0

Depreciation/Depletion

8,264.0

5,367.0

2,598.0

6,546.0

4,602.0

    Amortization of Intangibles

1,385.0

906.0

451.0

1,359.0

947.0

Amortization

1,385.0

906.0

451.0

1,359.0

947.0

    Unusual Items

960.0

474.0

-1.0

786.0

898.0

    Equity in Net Earnings (Loss)

-

-

123.0

-

-

    Other Non-Cash Items

25,130.0

10,996.0

5,281.0

35,939.0

29,489.0

Non-Cash Items

26,090.0

11,470.0

5,403.0

36,725.0

30,387.0

    Accounts Receivable

-85,948.0

-34,208.0

-19,679.0

-25,185.0

5,285.0

    Inventories

7,464.0

-1,687.0

1,826.0

23,051.0

12,700.0

    Prepaid Expenses

-

-

-138.0

-

-

    Other Assets

-1,246.2

-552.9

-292.5

692.3

-2,876.4

    Accounts Payable

23,279.0

28,792.0

10,882.0

-46,640.0

-32,788.0

    Accrued Expenses

-4,349.0

-5,819.0

-8,815.0

-5,954.0

-9,490.0

    Taxes Payable

6,168.0

1,327.0

1,592.0

4,422.0

1,719.0

    Other Liabilities

1,768.0

241.0

-4,702.0

-47,033.0

-48,429.0

    Other Operating Cash Flow

-22,614.6

-17,709.7

-6,965.0

-37,502.5

-24,523.4

Changes in Working Capital

-75,478.8

-29,616.6

-26,291.5

-134,149.2

-98,402.8

Cash from Operating Activities

18,327.2

12,421.4

-4,283.5

29,706.8

25,543.2

 

 

 

 

 

 

    Purchase of Fixed Assets

-28,543.3

-22,324.6

-7,865.0

-15,878.4

-6,601.4

    Purchase/Acquisition of Intangibles

-2,499.4

-739.0

-103.5

-1,524.8

-43.6

Capital Expenditures

-31,042.7

-23,063.6

-7,968.4

-17,403.2

-6,645.0

    Acquisition of Business

-

-

-

522.2

-

    Sale of Fixed Assets

1,723.2

1,915.1

383.5

323.7

260.6

    Sale/Maturity of Investment

71,674.3

59,349.3

21,324.3

26,327.3

11,248.2

    Purchase of Investments

-64,499.5

-34,429.8

-14,303.2

-4,912.0

-654.0

    Sale of Intangible Assets

21.6

0.6

21.6

2,422.8

2,370.4

    Other Investing Cash Flow

-746.6

254.7

375.8

-103.0

-40.7

Other Investing Cash Flow Items, Total

8,173.0

27,089.9

7,802.0

24,581.1

13,184.4

Cash from Investing Activities

-22,869.7

4,026.3

-166.5

7,177.9

6,539.3

 

 

 

 

 

 

    Other Financing Cash Flow

13,886.9

6,453.9

962.3

4,359.3

4,359.3

Financing Cash Flow Items

13,886.9

6,453.9

962.3

4,359.3

4,359.3

Total Cash Dividends Paid

-17,378.7

-17,378.7

-17,378.7

-11,484.3

-11,484.3

        Short Term Debt Issued

20,120.8

10,925.1

18,854.8

6,898.0

800.0

        Short Term Debt Reduction

-30,153.0

-12,459.0

-5,723.0

-28,807.6

-17,024.5

    Short Term Debt, Net

-10,032.1

-1,533.9

13,131.8

-21,909.6

-16,224.5

        Long Term Debt Issued

10,080.4

8,740.0

1,990.0

-

-

        Long Term Debt Reduction

-

-14,102.3

-

-

-12,909.5

    Long Term Debt, Net

10,080.4

-5,362.3

1,990.0

-

-12,909.5

Issuance (Retirement) of Debt, Net

48.3

-6,896.1

15,121.8

-21,909.6

-29,134.0

Cash from Financing Activities

-3,443.6

-17,820.9

-1,294.7

-29,034.6

-36,259.0

 

 

 

 

 

 

Foreign Exchange Effects

757.9

37.4

-126.3

-241.1

-115.3

Net Change in Cash

-7,228.1

-1,335.9

-5,871.0

7,609.0

-4,291.8

 

 

 

 

 

 

Net Cash - Beginning Balance

31,381.8

31,381.8

31,381.8

24,147.8

24,147.8

Net Cash - Ending Balance

24,153.7

30,045.9

25,510.8

31,756.9

19,856.0

Cash Interest Paid

1,298.4

1,026.4

478.8

2,238.9

1,001.6

Cash Taxes Paid

23,939.1

18,602.8

7,759.6

36,423.5

24,468.8

 

 

 

 

Annual Income Statement

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Merchandise Revenues

275,136.0

248,439.5

244,250.8

180,852.7

153,705.3

    Finished Products

515,244.4

394,291.6

270,877.6

259,953.9

251,412.4

    Service Revenues

634.9

477.2

968.3

1,492.5

-

Total Revenue

791,015.3

643,208.3

516,096.7

442,299.0

405,117.7

 

 

 

 

 

 

    Merchandise Cost

217,557.6

197,017.1

174,672.9

126,553.8

113,507.0

    Cost Manufacturing

258,160.5

175,988.8

136,188.5

133,422.3

126,960.0

    Cost-Services

606.2

455.6

992.7

1,918.6

-

    Salaries & Wages

35,676.6

31,821.8

33,700.6

28,539.6

26,858.5

    Retirement Allowance

4,349.7

3,058.7

4,004.1

3,158.1

3,267.7

    Employee Benefits

6,311.6

7,599.2

4,188.7

3,080.0

2,046.8

    Welfare Improve Exp.

3,271.0

3,717.4

2,839.2

2,340.9

1,916.9

    Travel Expenses

6,080.5

6,379.0

5,362.9

4,016.0

4,143.1

    Communication Exp.

461.5

342.2

374.2

322.3

385.3

    Sales Marketing Expenses

-

-

-

-

49.0

    Utility Expense

484.5

461.1

474.3

534.2

485.6

    Consumable Expense

717.0

1,430.4

2,006.6

1,943.9

1,766.7

    Taxes and Dues

507.6

653.9

643.0

642.8

781.5

    Repair Expenses

64.2

60.8

64.2

103.5

87.5

    Insurance Expenses

308.8

169.4

148.0

123.8

146.8

    Transportation Equip

833.1

749.3

839.7

752.1

862.0

    Entertainment

1,401.5

1,016.9

993.5

1,247.0

1,890.0

    Shipping/Handling

5,316.1

3,033.7

2,469.1

2,160.8

3,111.8

    Publishing Expenses

266.4

170.4

184.5

171.1

152.2

    Education & Training

646.3

595.8

808.7

819.0

478.8

    Commissions

16,880.5

13,770.3

10,839.1

9,569.5

8,660.5

    Rent

2,132.5

2,132.9

2,057.6

2,431.0

2,346.4

    Advertising Expenses

6,955.7

7,683.2

6,774.3

8,363.7

10,187.8

    Marketing Expenses

6,145.0

9,756.6

6,068.7

1,357.7

1,526.9

    Overseas Mkt Develop

1,057.3

496.3

351.6

397.8

252.1

    Market Development Expense

-

-

6,501.3

11,899.1

9,872.0

    Depreciation Expense

3,143.0

3,183.6

3,752.0

3,854.9

1,992.5

    Amort of Intangibles

1,586.3

1,843.2

1,268.6

955.6

664.0

    Amort. of Bad Debts

-

-

536.1

719.8

1,014.9

    Expenses for Samples

783.6

470.1

619.5

724.6

683.6

    Conference Expenses

358.6

236.7

406.3

478.6

651.3

    Development Expense

56,851.5

44,832.8

34,430.2

27,158.5

19,881.3

    Packaging Expenses

201.6

240.4

229.5

200.3

285.6

    Consign Svc Commissn

4,726.2

3,494.5

2,834.1

3,174.5

2,691.6

    Consign Services

1,540.2

955.5

540.2

708.6

600.9

    Miscellaneous Service Commission

3.9

2.6

0.7

9.2

44.7

Total Operating Expense

645,386.6

523,820.0

448,165.1

383,853.4

350,253.6

 

 

 

 

 

 

    Interest Income

2,217.9

1,096.9

919.1

646.9

675.2

    Dividend Income

139.8

121.0

312.8

346.9

346.9

    Rental Income

1,512.9

1,571.9

1,435.7

1,273.7

1,153.6

    G-For Curr Transactn

2,679.2

4,619.2

1,933.4

443.8

369.1

    G-For Exch Translatn

573.0

6,021.0

983.0

148.6

351.8

    Gain-Valuation of Currency Swap

-

-

16,517.4

-

-

    Gain Disposal Assets

32.0

111.2

157.5

12.4

70.4

    Recovery-Loan Loss Reserve

186.1

38.3

73.5

-

-

    Fees Received

1,487.4

1,462.9

1,493.1

2,607.2

9,301.7

    G-Inv.Asset Disposal

-

5,841.2

7,740.6

10,755.2

50.0

    Gain-Currency Swap Transaction

-

-

148.8

-

-

    Recovery of Taxes Paid

-

-

-

-

0.0

    Miscellaneous Income

2,142.3

78.1

118.1

499.9

1,274.5

    Interest Expenses

-5,370.9

-9,556.6

-6,759.7

-3,582.8

-5,035.1

    L-Reduction Secs avail. for Sale

-

-649.7

-365.9

-512.4

-2,123.8

    Other Amortization

-157.7

-244.5

-29.8

-199.0

-

    Disp of Inv. Assets

-77.4

-1,753.4

-

-53.1

-

    Loss-Currency Swap Transaction

-621.7

-1,071.6

-165.1

-

-

    Loss Disp Tang. Ast

-662.9

-67.8

-2.0

-4.5

-18.1

    Loss-Scrapping of inventory

-

-1,070.2

-

-6.0

-4,916.8

    L-For Curr Transactn

-2,212.7

-3,205.7

-6,323.3

-1,202.8

-435.3

    L-For Exch Translatn

-349.7

-308.2

-17,293.6

-155.5

-51.4

    Donations Paid

-6,953.0

-4,407.8

-1,303.4

-9,126.3

-2,174.0

    Factory Transfrt Expense

-

-4,345.8

-8,206.4

-

-

    Additional Income tax

-

-

-

-

-4,806.3

    Miscellaneous Exp.

-816.4

-132.8

-593.2

-1,014.1

-95.8

    Loss-Disposal of Accounts Receivable

-

-28.2

-

-

-

    L-Currency Swap Valuation

-310.5

-4,451.0

-

-442.2

-

    Loss-Reduction of Intangible Assets

-

-3,172.0

-

-

-

    Gain under Equity Method

27.1

649.3

584.7

1,370.9

39.6

    Loss-Valuation of Equity Method Sec.

-2,643.6

-1,880.3

-109.0

-134.7

-66.8

    Impairment Losses on Equity Method Secur

-1,752.3

-

-

-

-

Net Income Before Taxes

134,697.5

104,653.8

59,197.9

60,117.6

48,773.6

 

 

 

 

 

 

Provision for Income Taxes

30,008.9

24,129.4

10,325.2

15,760.4

14,010.3

Net Income After Taxes

104,688.6

80,524.4

48,872.7

44,357.1

34,763.4

 

 

 

 

 

 

    Minority Interest

-

-

-

-

29.9

Net Income Before Extra. Items

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

Net Income

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

 

 

 

 

 

 

Basic Weighted Average Shares

9.2

9.1

9.0

8.9

8.8

Basic EPS Excluding ExtraOrdinary Items

11,344.43

8,884.23

5,441.46

4,964.84

3,947.44

Basic EPS Including ExtraOrdinary Item

11,344.43

8,884.23

5,441.46

4,964.84

3,947.44

Dilution Adjustment

1,193.7

255.5

0.0

-

-

Diluted Net Income

105,882.3

80,779.9

48,872.7

44,357.1

34,793.3

Diluted Weighted Average Shares

9.4

9.1

9.0

8.9

8.8

Diluted EPS Excluding ExtraOrd Items

11,214.07

8,874.06

5,441.46

4,964.84

3,947.44

Diluted EPS Including ExtraOrd Items

11,214.07

8,874.06

5,441.46

4,964.84

3,947.44

DPS-Common Stock

1,750.00

1,231.05

984.84

984.84

738.63

Gross Dividends - Common Stock

17,114.1

11,239.3

8,845.7

8,842.0

6,584.0

Normalized Income Before Taxes

135,328.4

105,680.6

59,042.4

60,115.7

54,003.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

30,149.4

24,366.1

10,298.0

15,760.0

15,407.6

Normalized Income After Taxes

105,179.0

81,314.4

48,744.4

44,355.8

38,596.2

 

 

 

 

 

 

Normalized Inc. Avail to Com.

105,179.0

81,314.4

48,744.4

44,355.8

38,626.2

 

 

 

 

 

 

Basic Normalized EPS

11,397.57

8,971.39

5,427.16

4,964.68

4,382.29

Diluted Normalized EPS

11,266.01

8,960.85

5,427.16

4,964.68

4,382.29

Interest Expense, Supplemental

5,370.9

9,556.6

6,759.7

3,582.8

5,035.1

Rental Expense, Supplemental

2,132.5

2,132.9

2,057.6

2,431.0

2,346.4

Advertising Expense

13,100.7

17,439.8

12,843.0

9,721.4

11,714.7

R&D Expense, Supplemental

56,851.5

44,832.8

34,430.2

27,158.5

19,881.3

Depreciation, Supplemental

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

Amortization of Acquisition Costs

-

-

-

-

365.7

Amort of Intangibles, Supplemental

3,346.6

2,237.9

1,268.6

955.6

323.0

 

 

 

 

Interim Income Statement

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

30-Sep-2010

30-Jun-2010

Period Length

3 Months

3 Months

3 Months

3 Months

3 Months

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Restated Calculated
30-Jun-2011

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

 

 

 

 

 

 

    Sales Revenue

233,891.7

185,414.8

157,112.1

191,735.4

161,354.8

Total Revenue

233,891.7

185,414.8

157,112.1

191,735.4

161,354.8

 

 

 

 

 

 

    Selling and Administrative Expenses

41,195.6

43,250.2

36,592.8

43,206.8

32,439.5

    Other Operating Income

-1,862.1

-1,429.6

-851.1

-1,357.9

-3,193.7

    Cost-Revenue

146,230.2

128,306.1

104,182.7

112,588.8

101,517.9

    Other Operating Expense

2,147.5

569.0

532.8

848.4

2,253.0

Total Operating Expense

187,711.2

170,695.7

140,457.2

155,286.1

133,016.7

 

 

 

 

 

 

    Finance Income

1,427.4

1,172.6

1,769.2

2,794.1

2,385.9

    Finance Costs

-1,264.7

-1,285.7

-1,500.1

-3,262.6

-3,938.5

    Loss on Investment in Affiliates

-265.6

-283.4

-123.4

-34.1

-75.6

Net Income Before Taxes

46,077.7

14,322.6

16,800.6

35,946.7

26,709.8

 

 

 

 

 

 

Provision for Income Taxes

12,305.1

3,342.8

3,485.9

4,654.7

5,313.7

Net Income After Taxes

33,772.6

10,979.8

13,314.7

31,292.1

21,396.1

 

 

 

 

 

 

    Minority Interest

-563.5

-539.5

-586.8

-102.8

-299.9

Net Income Before Extra. Items

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

Net Income

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

 

 

 

 

 

 

Basic Weighted Average Shares

9.9

9.9

9.9

9.2

9.2

Basic EPS Excluding ExtraOrdinary Items

3,340.52

1,056.39

1,289.49

3,391.97

2,303.16

Basic EPS Including ExtraOrdinary Item

3,340.52

1,056.39

1,289.49

3,391.97

2,303.16

Dilution Adjustment

0.0

0.0

0.0

342.0

338.0

Diluted Net Income

33,209.1

10,440.3

12,727.9

31,531.2

21,434.2

Diluted Weighted Average Shares

10.1

10.1

10.1

9.4

9.4

Diluted EPS Excluding ExtraOrd Items

3,303.81

1,038.01

1,265.46

3,340.35

2,283.07

Diluted EPS Including ExtraOrd Items

3,303.81

1,038.01

1,265.46

3,340.35

2,283.07

DPS-Common Stock

0.00

0.00

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

0.0

0.0

Normalized Income Before Taxes

46,077.7

14,322.6

16,800.6

35,946.7

26,709.8

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

12,305.1

3,342.8

3,485.9

4,654.7

5,313.7

Normalized Income After Taxes

33,772.6

10,979.8

13,314.7

31,292.1

21,396.1

 

 

 

 

 

 

Normalized Inc. Avail to Com.

33,209.1

10,440.3

12,727.9

31,189.2

21,096.2

 

 

 

 

 

 

Basic Normalized EPS

3,340.52

1,056.39

1,289.49

3,391.97

2,303.16

Diluted Normalized EPS

3,303.81

1,038.01

1,265.46

3,340.35

2,283.07

Interest Expense, Supplemental

738.0

1,008.0

1,082.0

1,535.0

944.0

Rental Expense, Supplemental

600.0

569.0

576.0

557.0

521.0

Advertising Expense, Supplemental

4,006.0

4,082.0

3,483.0

3,404.0

3,003.0

Research & Development Exp, Supplemental

12,035.0

16,446.0

10,955.0

17,332.0

7,281.0

Depreciation, Supplemental

2,897.0

2,769.0

2,598.0

1,944.0

2,071.0

Amort of Intangibles, Supplemental

479.0

455.0

451.0

412.0

618.0

 

 

 

 

Annual Balance Sheet

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash/Equivalents

30,854.3

22,202.6

11,586.1

5,849.5

14,884.5

    ST Finl Assets

103,437.7

43,458.6

110.0

6,681.8

15.6

    ST Invest Assets

-

-

-

-

6.6

    Currency Swap, Current Assets

1,959.9

10,298.3

14,302.5

-

-

    Trade Rcvb Gross

148,865.0

171,325.1

164,083.8

125,197.4

109,547.1

    Doubtful Account

-3,427.1

-3,859.6

-4,076.7

-3,746.3

-4,134.5

    Other Rcvbls

1,024.8

1,284.0

1,055.2

1,805.9

1,475.4

    Accrued Income

388.0

89.4

13.4

21.3

140.7

    ST Employee Loan

-

-

-

29.8

39.4

    Advance Payments

2,257.9

1,934.3

2,061.5

2,006.3

5,013.3

    Prepaid Expenses

476.3

688.3

1,309.2

391.2

468.1

    Marketable Secs.

-

-

4.6

7.9

0.7

    Deferred Income Tax

1,937.4

2,943.4

1,554.0

2,269.9

2,613.0

    Merchandise

49,600.0

47,089.5

35,325.0

29,887.5

18,119.7

    Finished Goods

28,401.5

19,285.0

11,583.5

14,039.9

16,081.2

    Work in Progress

86,845.5

92,768.3

46,998.6

29,187.3

35,306.9

    Raw Materials

20,474.1

40,304.0

17,739.9

9,090.2

17,266.6

    Supplies

0.4

5.3

20.2

14.3

8.5

    Goods in Transit

4,594.0

12,231.6

799.2

217.8

-

    Raw Mat.Transit

-

-

-

-

53.4

    Other Inventory

-

-

-

-

3.6

Total Current Assets

477,689.6

462,048.0

304,470.0

222,951.6

216,909.9

 

 

 

 

 

 

    LT Finl Assets

10.5

2,879.3

548.6

8.0

12.0

    Secs for Sale

12,382.0

9,525.0

19,324.9

37,959.5

33,174.1

    Secs-Maturity

-

-

-

-

33.9

    Investment Affil

18,786.7

21,757.4

7,670.1

942.9

605.1

    Guarantee Dep.

7,359.6

7,265.0

7,308.8

6,174.8

5,266.1

    Deferred Income Tax, Debit

-

-

91.6

-

3.2

    Membership Rights

-

-

-

-

148.2

    Land

21,548.3

7,460.3

7,460.3

7,460.3

8,563.0

    Buildings

154,636.1

154,829.7

58,608.5

47,515.9

54,372.3

    Buildings Depre.

-13,471.4

-10,451.9

-7,953.3

-6,819.9

-7,336.2

    Structures

3,926.8

3,425.2

832.3

524.3

1,849.2

    Structure Depre.

-484.1

-361.2

-254.7

-233.3

-711.9

    Machinery/Equip.

91,244.2

78,041.1

51,493.1

47,478.7

53,922.6

    Mach/Equip Depre

-56,942.4

-42,701.4

-32,644.6

-28,131.8

-27,889.7

    Transport Equip.

2,316.0

2,116.5

1,763.6

1,497.1

1,543.3

    Transport Deprec

-1,361.8

-1,216.3

-996.6

-737.1

-665.7

    Tools/Equipments

13,523.4

11,321.5

10,730.8

10,037.2

10,634.7

    Tool/Equip Depr.

-10,525.5

-8,764.5

-8,726.2

-7,862.6

-7,221.0

    Construc in Prog

11,364.5

2,432.1

115,447.6

77,567.2

11,443.8

    Machines in Transit

-

-

-

-

116.2

    Indust.-Patent

1,889.6

2,127.3

2,597.8

327.7

299.3

    LA Develop Costs

6,600.2

8,251.9

9,520.5

6,197.5

5,786.6

    Goodwill

-

-

-

-

731.5

    Other Intangibles

807.4

3,042.6

2,078.0

2,772.8

1,085.3

Total Assets

741,299.8

713,027.6

549,371.0

425,630.6

362,675.9

 

 

 

 

 

 

    Accounts Payable

6,261.0

1,612.8

9,136.6

29,128.4

7,478.2

    Trade Acct. Pay.

54,885.7

101,139.4

48,493.1

38,468.1

36,791.7

    ST Borrowings

5,694.5

5,838.0

83,600.0

19,000.0

48,009.8

    Accrued Expenses

21,033.8

20,975.3

16,814.5

13,148.4

10,187.5

    Other Current Liabilities

8,726.5

8,846.0

5,532.7

3,092.6

2,383.5

    Customer Advance

1,943.2

51,079.5

2,624.6

1,455.6

1,936.6

    Current Port LTD

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

    Dividend Payablee

-

45.4

45.0

0.6

0.3

    Taxes Payable

17,731.4

23,276.2

4,967.6

10,268.4

11,865.6

    VAT Withheld

2,337.6

2,972.1

2,535.5

595.0

3,530.4

    Security Deposit Withheld

413.7

490.5

389.8

448.3

487.7

    Liab-Return Good

9,296.2

7,522.7

5,289.5

3,635.7

3,262.6

    Currency Swap

118.4

218.0

433.3

442.2

-

Total Current Liabilities

146,646.4

269,190.6

194,862.2

129,683.4

139,933.9

 

 

 

 

 

 

    Bonds

-

-

-

15,000.0

-

    LT Borrowings

4,118.9

22,634.0

76,789.2

30,000.0

25,000.0

    Bonds with Warrant

28,158.4

25,510.7

-

-

-

    Convertible Bond

9,736.3

25,824.1

-

-

-

Total Long Term Debt

42,013.7

73,968.8

76,789.2

45,000.0

25,000.0

 

 

 

 

 

 

    Security Guarant

-

-

-

-

780.0

    Retire Reserve

26,554.3

26,250.8

9,136.1

7,542.9

5,855.1

    Deposit-Retirement Insurance

-19,681.8

-18,474.6

-

-

-

    Transfer to National Pension Fund

-109.4

-128.1

-

-

-

    Lease Guarantee

1,236.1

1,392.6

1,406.8

1,339.7

1,301.5

    Deferred Income Tax

1,605.3

2,004.2

-

6,063.8

3,829.5

    Minority Interst

3,745.1

-

-

-

3,272.0

    Provisions for Lawsuit

800.8

-

-

-

-

Total Liabilities

202,810.5

354,204.3

282,194.3

189,629.8

179,972.0

 

 

 

 

 

 

    Common Stock

48,997.3

45,057.4

45,057.4

45,057.4

45,057.4

    Capital Surplus

-

-

-

-

78,842.1

    Paid-in Capital

150,889.2

70,546.5

70,546.5

70,546.5

-

    Capital Red Gain

5,616.1

5,616.1

5,616.1

5,616.1

-

    Gain on Disposal of Treasury Stock

11,792.2

11,792.2

1,323.8

1,176.2

-

    Other Capital Surplus

9,311.8

14,780.8

7,976.4

6,709.9

-

    Treasury Stock

-557.0

-557.0

-4,616.1

-4,720.9

-6,500.3

    Legal Reserve

4,070.0

2,940.0

2,050.0

1,160.0

-

    Voluntary Reserve

191,000.0

123,000.0

84,000.0

50,000.0

-

    Retained Earning

106,804.2

83,174.4

51,385.7

46,244.9

57,070.4

    Value-Secs avail. for Sale

2,003.6

2,117.8

5,509.2

14,210.7

8,364.0

    Loss-Valuation of Currency Swaps

-129.6

-358.0

-1,672.1

-

-

    Capital Change, Equity Method

1,808.0

713.0

-

-

-

    L-Disp Treasury Stock

-

-

-

-

-1,358.4

    Oversea Op Trans

-

-

-

-

1,228.7

    Losses on Valuation of Equity Method Sec

-40.7

-

-

-

-

    Revaluation Reserve

6,924.2

-

-

-

-

Total Equity

538,489.3

358,823.3

267,176.8

236,000.8

182,703.9

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

741,299.8

713,027.6

549,371.0

425,630.6

362,675.9

 

 

 

 

 

 

    S/O-Common Stock

9.8

9.1

9.0

9.0

8.8

Total Common Shares Outstanding

9.8

9.1

9.0

9.0

8.8

T/S-Common Stock

0.0

0.0

0.2

0.2

0.2

Deferred Revenue, Current

1,943.2

51,079.5

2,624.6

1,455.6

1,936.6

Full-Time Employees

1,374

1,341

1,285

1,195

1,039

Number of Common Shareholders

14,390

23,102

2,171

2,705

3,095

Current maturities

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

Total Long Term Debt, Supplemental

18,204.5

45,174.8

15,000.0

10,000.0

14,000.0

 

 

 

 

Interim Balance Sheet

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Updated Normal
31-Mar-2011

Filed Currency

KRW

KRW

KRW

Exchange Rate

1

1

1

 

 

 

 

    Cash and Cash Equivalents

24,153.7

30,045.9

25,510.8

    ST Financial Assets

80,466.2

68,912.7

87,657.5

    Trade Receivables

242,388.0

187,445.0

174,629.0

    Allowance for Doubtful Accounts for Trad

-1,853.0

-1,642.0

-2,055.0

    Short-term Loans

162.0

162.0

162.0

    Other Receivables

2,265.0

5,344.0

1,618.0

    Allowance for Doubtful Accounts for Othe

-545.0

-545.0

-545.0

    Accrued Income

359.0

388.0

365.0

    Adjustment for Trade and Other Receivabl

-0.3

-0.4

-0.1

    Derivative Assets Current

1,713.3

952.7

1,761.9

    Other Current Assets

3,732.6

3,039.4

2,124.3

    Merchandises

47,126.0

45,975.0

48,392.0

    Finished Goods

25,703.0

25,247.0

25,910.0

    Works in Process

89,841.0

99,490.0

95,492.0

    Raw Materials

19,192.0

25,008.0

22,537.0

    Goods in Transit

6,100.0

1,393.0

1,973.0

    Adjustment for Inventory

-0.4

0.2

-0.2

Total Current Assets

540,803.0

491,215.5

485,532.3

 

 

 

 

    LT Financial Assets

21.0

20.0

19.0

    LT Available-for-Sale Financial Assets

35,274.0

30,363.0

27,670.0

    Adjustment for Other Non-Current Financi

0.4

0.5

0.4

    Land

17,915.0

17,915.0

17,915.0

    Buildings&Structures

158,196.0

157,132.0

155,897.0

    Accumulated Depreciation for Buildings&S

-15,689.0

-14,874.0

-14,117.0

    Machinery

103,409.0

100,221.0

96,914.0

    Accumulated Depreciation for Machinery

-55,245.0

-53,691.0

-52,650.0

    Other Tangible Assets

19,897.0

19,086.0

18,363.0

    Other Tangibles-Depreciation

-12,990.0

-12,650.0

-12,467.0

    Construction in Progress

23,920.0

22,786.0

15,929.0

    Adjustment for Property, Plant and Equip

0.3

0.3

0.4

    Goodwill

13,997.0

12,324.0

12,364.0

    Development Cost

6,537.0

6,836.0

7,114.0

    Industrial Property Rights

1,118.0

1,119.0

876.0

    Other Intangible Assets

3,375.0

3,327.0

3,112.0

    Adjustment for Intangible Assets

0.1

0.3

-0.5

    Investment in Properties

6,879.5

6,896.8

6,914.1

    Investment in Affiliates

845.9

1,289.5

1,481.9

    Deposits Provided

5,780.2

4,778.9

4,657.8

    Deferred Income Taxes Assets

608.0

797.8

718.6

Total Assets

854,652.5

794,893.6

776,244.0

 

 

 

 

    Short-term Borrowings

58,541.9

21,750.0

45,188.9

    Trade Payable

82,145.0

-

68,617.0

    Other Payables

2,898.0

-

3,567.0

    Withholdings

2,695.0

-

2,018.0

    Withholdings-Specific Development

8,103.0

-

3,077.0

    Accrued Expenses

19,258.0

-

14,844.0

    Security Deposit Withheld, Current

684.0

-

380.0

    VAT Withheld

8,572.0

-

3,995.0

    Adjustment for Trade and Other Liabiliti

0.3

-

-0.2

    Trade and Other Liabilities

-

123,460.0

-

    Income Taxes Payable

11,954.6

6,504.0

12,611.4

    Derivatives in Current Liabilities

-

-

51.0

    Provisions for Other Estimated Liabiliti

8,210.3

8,080.6

7,812.5

    Advance for Customers

2,469.5

1,353.5

2,114.8

    Dividend Payable

47.0

-

-

Total Current Liabilities

205,578.6

161,148.0

164,276.4

 

 

 

 

    Long-term Borrowings

10,080.4

37,812.3

44,500.6

Total Long Term Debt

10,080.4

37,812.3

44,500.6

 

 

 

 

    LT Trade and Other Payables

977.3

934.3

999.6

    LT Defined Benefit Liabilities

20,782.1

18,490.0

16,675.1

    Provisions for Other Estimated Liabiliti

-

-

286.0

    Minority Interest

11,294.0

8,776.5

8,267.0

    Deferred Income Taxes Liabilities

963.1

-

-

Total Liabilities

249,675.5

227,161.1

235,004.6

 

 

 

 

    Capital Stock

49,888.3

49,660.4

49,038.8

    Capital Surplus, Total

-

195,355.3

180,663.4

    Other Capital

-

-557.0

-557.0

    Accumulated Other Comprehensive Income

-

5,326.2

3,403.7

    Retained Earnings, Total

-

317,947.5

308,690.5

    Additional Paid-in Capital

173,420.0

-

-

    Gains from Capital Reduction

5,616.0

-

-

    Gains on Sale of Treasury Stock

11,792.0

-

-

    Consideration for Stock Warrants in Capi

1,852.0

-

-

    Other Capital Surplus

7,629.0

-

-

    Adjustment for Capital Surplus

0.0

-

-

    Treasury Stock

-557.0

-

-

    Gain/Loss-Valuation of Available-for-Sal

4,515.0

-

-

    G/L on Valuation of Derivatives Cash Flo

100.0

-

-

    Gains on Valuation of Equity Method Secu

-75.0

-

-

    Overseas Business Trans. Debit/Credit

-360.0

-

-

    Adjustment for Accumulated Other Compreh

0.1

-

-

    Appropriated Retained Earnings for Statu

5,790.0

-

-

    Appropriated Retained Earnings for Volun

276,000.0

-

-

    Retained Earnings Before Appropriations

69,367.0

-

-

    Adjustment for Retained Earnings

-0.4

-

-

Total Equity

604,977.0

567,732.5

541,239.4

 

 

 

 

Total Liabilities & Shareholders' Equity

854,652.5

794,893.6

776,244.0

 

 

 

 

    S/O-Common Stock

10.0

9.9

9.8

Total Common Shares Outstanding

10.0

9.9

9.8

T/S-Common Stock

0.0

0.0

0.0

Deferred Revenue, Current

2,469.5

1,353.5

2,114.8

Accumulated Intangible Amort, Suppl.

7,314.0

6,836.0

6,926.0

Depreciation Method

1,317

1,346

1,328

Current maturities

-

7,782.0

-

Total Long Term Debt, Supplemental

-

7,782.0

-

 

 

 

Annual Cash Flows

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Updated Normal
31-Dec-2007

Updated Normal
31-Dec-2006

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

KPMG LLP

KPMG LLP

Deloitte & Touche LLP

Deloitte & Touche LLP

Auditor Opinion

Unqualified with Explanation

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

104,688.6

80,524.4

48,872.7

44,357.1

34,793.3

    Depreciation

15,887.9

14,507.1

9,151.8

9,510.2

7,657.7

    Amort. Intangible

3,346.6

2,237.9

1,268.6

955.6

688.7

    L-Equity Method Valuation

2,643.6

1,880.3

109.0

134.7

66.8

    Retirement Allowance

8,551.4

5,295.8

6,946.5

7,186.7

5,606.0

    Amort-Bad Debt Exp

-

-

536.1

719.8

1,014.9

    Amort-Discount on Bond with Warrant

-

5.1

-

-

-

    Amort-Convertible Right Adjustment

-

331.9

-

-

-

    Amort-Discount on Convertible Bond Issue

-

5.1

-

-

-

    Amort-Subscription Warrant Adjustment

-

327.8

-

-

-

    Loss-Disposal of Trade Receivable

-

28.2

-

-

-

    Loss-Reduction of Intangible Assets

-

3,172.0

-

-

-

    Loss-Scraping of Inventory

-

1,070.2

-

-

4,916.8

    Loss-Valuation of Inventory

-

669.8

128.2

-

366.3

    L-Reduction Secs for Sale

-

649.7

365.9

512.4

2,123.8

    L-Investment Asset Disposal

77.4

1,753.4

-

53.1

0.0

    Disp Tang Asst Loss

662.9

67.8

2.0

4.5

18.1

    Translation Loss

37.2

121.9

17,173.8

155.5

40.8

    Other Prov. Doubtful

157.7

244.5

29.8

199.0

-

    Utility Expeses

-

-

-

33.4

-

    L-Other Investment Asets Disposal

-

-

-

6.0

-

    L-Currency Swap Valuation

310.5

4,451.0

-

442.2

-

    Loss-Currency Swap Transaction

621.7

1,071.6

165.1

-

-

    Miscellaneous Loss

800.8

0.2

0.0

-

0.0

    Recovery-Provision Doubtful Account

-186.1

-38.3

-73.5

-

-

    Gain-Valuation of Currency Swap

-

-

-16,517.4

-

-

    Gain-Currency Swap Transaction

-

-

-148.8

-

-

    Expense-Consumable Goods

-

-

-

-

11.0

    G-Minority Interest

-

-

-

-

-29.9

    Interest Paid

3,354.1

-

-

-

-

    Translation Gain

-573.0

-6,020.8

-983.0

-47.4

-351.8

    G-Inv.Asset Disp

-

-5,841.2

-7,740.6

-10,755.2

-50.0

    Gain Disp Tang. Ast

-32.0

-111.2

-157.5

-12.4

-70.4

    Gain under Equity Method

-27.1

-649.3

-584.7

-1,370.9

-

    Revers-Doubtful Acct

-

-

-

-

-39.6

    Trade Receivables

22,143.0

-7,484.8

-39,211.5

-31,330.3

-21,317.7

    Doubtful Account

-

-

-

-

22.6

    Account Rcvbl.

-27.2

-473.3

1,341.2

-647.8

-185.5

    Accrued Income

-298.4

-76.0

7.9

-20.8

7.5

    Advanced Payment

-301.0

127.2

-55.2

2,103.3

-3,686.3

    Prepaid Expenses

213.9

620.9

-918.1

-8.1

54.7

    Inventory

28,360.4

-100,957.3

-30,157.5

-9,430.5

-13,897.8

    LT Prepaid Expenses

-

-

-

-

0.0

    ST Loans to Employees

-

-

-

-

0.1

    Deferred Tax, Current Assets

-

-

-

-

-851.4

    Deferred TAx-Assets

1,261.4

-1,297.8

-600.8

24.2

-89.3

    Currency Swap

-

-90.0

-16.3

-

-

    Deferred Tax, Liabilities

-1,527.5

2,840.1

-673.5

16.6

1,131.6

    Trade Payables

-47,322.0

52,890.5

10,742.7

3,395.7

-6,390.7

    Account Payables

4,508.1

-7,523.8

-19,991.7

22,123.9

6,051.9

    LT Account Payables

-

-

-

-

0.0

    Accrued Income TAx

-5,531.0

18,308.7

-5,300.8

-1,260.6

8,002.6

    Accrued Expenses

-642.1

4,160.8

3,666.1

3,780.1

317.8

    Accrued Dividends

-

0.5

44.3

-

-

    Advances Reiceived

-49,141.6

48,454.9

1,169.0

-197.7

1,356.5

    Deposits Withheld

-340.2

3,313.3

2,440.1

747.3

715.6

    VAT Withheld

-441.9

436.6

1,940.5

-2,504.1

911.4

    Returned Goods

-

-

1,653.7

984.9

2,145.6

    Payment-Retirement Bonus

-9,071.8

-5,335.5

-2,232.4

-1,522.0

-2,988.5

    Currency Swap Liability

-

-215.3

-

-

-

    Carry-Over Retirement Allowance

-238.0

42.2

-271.8

202.5

-54.3

    Retire Insur Dep.

-316.3

-1,504.0

-2,861.0

-3,331.3

-852.0

    National Pension

18.6

13.5

11.9

14.5

37.9

    Oversea Op Translation

-

-

-

-

117.4

    Sec. Dep Withhld

-76.8

-

-

-

-

    Impairment Losses on Equity Method Secur

1,752.3

-

-

-

-

    Miscellaneous Gain

-861.5

-

-

-

-

    Dividend Received from Affiliates

255.0

-

-

-

-

    Reserve-Sales Return

1,773.5

-

-

-

-

Cash from Operating Activities

84,471.5

112,006.2

-20,729.1

35,223.9

27,322.1

 

 

 

 

 

 

    Decr-ST Finl Assets

43,458.6

110.0

6,571.8

58,200.2

38,170.6

    Dec in ST Loans

-

-

-

-

0.0

    Dec-LT Finl Assets

-

-

-

-

23.5

    Disp of Market Secs.

-

6,965.4

14,270.7

7,749.4

611.5

    Dec-Equity Method Inv. Secs. Disp.

-

-

-

21,808.8

-

    Dec-Guarantee Dep

1,119.9

1,709.0

19.0

506.7

247.9

    Proceeds from Other Intangible Assets

2,370.4

-

-

-

-

    Disp-Land

557.0

-

-

-

-

    Disposal of Building

30.0

-

-

-

-

    Disp-Machinery

12.5

196.0

1,341.5

15.5

267.7

    Disposal Trans Equip

114.0

13.0

93.7

41.2

62.7

    Disp Tools/Supplies

-

-

46.5

0.0

24.4

    Decrease-Development Cost

-

-

88.6

-

-

    Disposal-Construction in Progress

-

10.3

-

-

801.2

    Dec in ST Empl Loans

-

-

-

5.1

-

    Incr-ST Finl Assets

-99,466.4

-43,458.6

-

-64,846.6

-36,747.3

    Inc-ST Loans

-

-

-

-

0.0

    Increase-LT Financial Assets

-

-2,330.7

-540.6

-

-1.5

    Inc-Investment Secs

-2,782.0

-178.6

-591.0

-1,732.1

-479.7

    Increase-Membership Rights

-

-

-

-

0.0

    Inc in Guarant Depos

-1,123.6

-1,665.2

-1,153.0

-1,558.8

-1,153.5

    Acq-Building

-

-4,533.4

-

-47.0

-26.0

    Increase-Structure

-4.6

-38.2

-30.0

-

-45.1

    Purch. of Mach/Equip

-1,957.1

-6,613.8

-1,878.1

-3,322.9

-1,474.2

    Acq. of Trans Equip

-456.3

-390.7

-416.9

-309.4

-428.4

    Acq. in Tools/Suppl.

-482.4

-1,085.5

-877.2

-571.9

-440.1

    Acq-Constructn Prog

-24,326.1

-2,432.0

-53,990.9

-66,683.4

-33,664.4

    Inc Industrial Ptnt

-370.7

-188.4

-2,531.6

-119.6

-238.9

    Inc. in Develop.Cost

-

-2,559.4

-3,692.5

-626.0

-762.1

    Increase-Other Intangible Assets

-133.0

-1,847.6

-31.5

-2,756.4

-100.0

    Increase-Securities under Equity Method

-6,977.0

-12,623.6

-6,251.5

-

-

    Inc-Machinery in Transit

-

-

-

-

-653.9

    Inc in ST Empl Loans

-

-

-

-5.0

-

Cash from Investing Activities

-90,416.9

-70,941.8

-49,553.1

-54,252.3

-36,005.6

 

 

 

 

 

 

    Inc-ST Borrowings

-

7,078.2

64,600.0

289,477.2

242,397.4

    Incr-Security Deposits

-

100.7

17.0

40.7

323.1

    Issuance-Bond with Warrant

-

29,917.5

-

-

-

    Dec-Lease Guarantee

-

-

120.7

277.0

23.0

    Disp-Treasury Stock

-

14,527.6

252.3

4,352.3

5,440.1

    Inc in LT Borrowings

-

-

30,000.0

30,000.0

25,000.0

    Increase-Convertible Bond

-

29,917.5

-

-

-

    Issuance Common Stk

-

-

-

-

0.0

    Dec of ST Borrowings

-

-83,600.0

-

-296,449.0

-259,543.8

    Repay Curr LT Liabs

-45,174.8

-15,000.0

-10,000.0

-10,000.0

-

    Dec in Sec Deposit

-

-

-75.5

-80.1

-202.9

    Decr-Rent Deposit

-56.5

-14.1

-53.6

-238.8

-26.0

    Consolidation Scope

326.2

-

-

-

-

    Decrease-LT Borrowings

-

-4,529.4

-

-

-

    Dividends Paid

-11,239.3

-8,845.7

-8,842.0

-6,583.2

-4,328.7

    Sale of Currency Swap

7,612.7

-

-

-

-

    Cash Inflow-Capital Increase

63,128.8

-

-

-

-

Cash from Financing Activities

14,597.1

-30,447.9

76,018.9

10,796.1

9,082.2

 

 

 

 

 

 

Net Change in Cash

8,651.7

10,616.5

5,736.7

-8,232.3

398.7

 

 

 

 

 

 

Net Cash - Beginning Balance

22,202.6

11,586.1

5,849.5

14,081.7

14,485.8

Net Cash - Ending Balance

30,854.3

22,202.6

11,586.1

5,849.5

14,884.5

 

 

 

 

Interim Cash Flows

As Reported

Financials in: REP (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

 

30-Sep-2011

30-Jun-2011

31-Mar-2011

30-Sep-2010

30-Jun-2010

Period Length

9 Months

6 Months

3 Months

9 Months

6 Months

UpdateType/Date

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Updated Normal
31-Mar-2011

Updated Normal
30-Sep-2011

Updated Normal
30-Jun-2011

Filed Currency

KRW

KRW

KRW

KRW

KRW

Exchange Rate (Period Average)

1

1

1

1

1

 

 

 

 

 

 

Net Income

58,067.0

24,295.0

13,556.0

119,226.0

88,010.0

    Depreciation

8,264.0

5,367.0

2,598.0

6,546.0

4,602.0

    Cash-Interest Received

2,190.5

1,487.2

851.8

736.4

523.4

    Cash-Interest Paid

-1,298.4

-1,026.4

-478.8

-2,238.9

-1,001.6

    Dividends Received

432.3

432.3

421.6

423.5

423.5

    Cash-Tax Paid

-23,939.1

-18,602.8

-7,759.6

-36,423.5

-24,468.8

    Corporate Taxes

19,134.0

6,829.0

3,486.0

29,077.0

24,423.0

    Interest Expenses

2,828.0

2,090.0

1,082.0

4,375.0

2,840.0

    Loss on Investment in Affiliates

672.0

407.0

-

281.0

247.0

    Retirement and Severance Benefits

5,872.0

3,781.0

1,890.0

5,239.0

3,656.0

    Expenses of Allowance for Doubtful Accou

166.0

-

374.0

-

3.0

    Amortization of Intangible Assets

1,385.0

906.0

451.0

1,359.0

947.0

    Losses on Sale of Property, Plant and Eq

397.0

103.0

19.0

665.0

742.0

    Losses on Sale of Available for Sale Sec

-

-

-

36.0

36.0

    Losses on Foreign Currency Translation

1,342.0

190.0

315.0

507.0

1,962.0

    Losses on Valuation of Derivatives

-

439.0

343.0

646.0

-

    Loss-Derivatives Transaction

157.0

157.0

-

405.0

435.0

    Interest Income

-2,145.0

-1,471.0

-812.0

-870.0

-629.0

    Dividend Income

-432.0

-432.0

-421.0

-424.0

-424.0

    Miscellaneous Gain

-194.0

-194.0

-515.0

-805.0

-861.0

    Gains on Sale of Property, Plant and Equ

-92.0

-36.0

-

-12.0

-12.0

    Gains on Sale of Available for Sale Secu

-

-

-

-261.0

-115.0

    Recovery-Doubtful Credit Reserve

-

-41.0

-

-242.0

-180.0

    Gains on Foreign Currency Translation

-1,448.0

-897.0

-797.0

-1,173.0

-533.0

    Gains on Valuations of Derivatives

-293.0

-

-

-

-1,077.0

    Trade Receivables

-85,086.0

-30,276.0

-19,473.0

-25,058.0

5,205.0

    Other Receivables

-862.0

-3,932.0

-206.0

-127.0

80.0

    Other Current Assets

-953.0

-260.0

-

692.0

-2,876.0

    Inventories

7,464.0

-1,687.0

1,033.0

23,051.0

12,700.0

    Trade Payables

26,708.0

31,054.0

13,709.0

-47,872.0

-34,580.0

    Other Payables

-3,429.0

-2,262.0

-2,827.0

1,232.0

1,792.0

    Accrued Expenses

-4,349.0

-5,819.0

-8,835.0

-5,954.0

-9,490.0

    Increase or Decrease in Withholdings

290.0

-1,003.0

-387.0

95.0

386.0

    VAT Withheld

6,168.0

1,327.0

1,592.0

4,422.0

1,719.0

    Security Deposit Withheld

271.0

304.0

-34.0

-43.0

-9.0

    Advanced Received for Specific Developme

1,765.0

3,347.0

-

605.0

-2,234.0

    Reserve-Sales Return

-1,086.0

-1,216.0

-1,484.0

1,553.0

1,597.0

    Advances from Customers

526.0

-590.0

-

-50,044.0

-48,970.0

    Defined Benefit Liabilities

-

6.0

-

-

-

    Cumulative Assets outside Company

-293.0

-293.0

-293.0

-

-

    Increase-Provision for Lawsuit

-607.0

-607.0

-

801.0

801.0

    Adjustment

-0.2

0.1

0.5

0.3

-0.4

    Losses on Valuation of Equity Method Sec

-

-

123.0

-

-

    Gains on Sale of Intangible Assets

-20.0

-

-20.0

-

-

    Decrease or Increase in Advance Payments

-

-

793.0

-

-

    Decrease or Increase in Prepaid Expenses

-

-

-138.0

-

-

    Specific Development Withholdings

-

-

-3,260.0

-

-

    Accrued Dividends

-

-

20.0

-

-

    Other Current Liabilities

-

-

172.0

-

-

    Payment for Retirement and Severance Ben

143.0

545.0

336.0

-796.0

-126.0

    Succession to Defined Benefit Liabilitie

747.0

-

-

-

-

    Succession to Provision for Retirement a

-

-

291.0

-

-

    Impairment Losses on Property, Plant and

3.0

-

-

-

-

    Losses on Sale of Intangible Assets

-

-

-

77.0

-

    Transfer to Defined Benefit Liabilities

-138.0

-

-

-

-

Cash from Operating Activities

18,327.2

12,421.4

-4,283.5

29,706.8

25,543.2

 

 

 

 

 

 

    Decrease-Intangible Assets

21.6

0.6

21.6

2,422.8

2,370.4

    Proceeds from Sale of Investment Propert

-

-

-

466.5

587.0

    Decrease in Deposits Provided

10.0

254.7

375.8

101.0

121.3

    Proceeds from Sale of Available for sale

-

-

-

979.4

979.4

    Purchase of Short-term Financial Instrum

-47,558.5

-23,680.0

-4,300.0

-2,908.7

-

    Purchase of Long-term Financial Instrume

-3.0

-1.5

-1.5

-

-5.1

    Increase in Short-term Loans

-

-

-

-204.0

-162.0

    Purchase of Available for sale Securitie

-15,558.0

-9,368.3

-8,768.3

-1,863.3

-

    Purchase of Investment in Affiliates

-1,380.0

-1,380.0

-1,233.4

-140.0

-648.9

    Purchase of Property, Plant and Equipmen

-28,543.3

-22,324.6

-7,865.0

-15,878.4

-6,601.4

    Purchase of Intangible Assets

-2,499.4

-739.0

-103.5

-1,524.8

-43.6

    Increase in Deposits Provided

-756.6

-

-

-

-

    Proceeds from Sale of ST Financial Instr

71,674.3

59,349.3

21,324.3

24,881.4

9,681.8

    Proceeds from Sale of Property Plant and

1,723.2

1,915.1

383.5

323.7

260.6

    Acquisition of Subsidiaries

-

-

-

522.2

-

Cash from Investing Activities

-22,869.7

4,026.3

-166.5

7,177.9

6,539.3

 

 

 

 

 

 

    Proceeds from Long-term Borrowings

10,080.4

8,740.0

1,990.0

-

-

    Repayments of Short-term Borrowings

-30,153.0

-12,459.0

-5,723.0

-28,807.6

-17,024.5

    Repayments of Current Portion of Long-te

-

-14,102.3

-

-

-12,909.5

    Decrease-Lease Guarantee Deposit

-142.0

-

-36.7

-256.2

-

    Payments in Dividends

-17,378.7

-17,378.7

-17,378.7

-11,484.3

-11,484.3

    Proceeds from Short-term Borrowings

20,120.8

10,925.1

18,854.8

6,898.0

800.0

    Exercise Subscription Warrant

11,500.0

5,996.2

999.0

-

-

    Proceeds from Sale of Derivative Assets

494.8

559.7

-

4,615.6

4,615.6

    Decrease Rent Deposit

-

-102.0

-

-

-256.2

    Lease Guarantee Deposit

83.0

-

-

-

-

    Increase-Subsidiaries

1,951.1

-

-

-

-

Cash from Financing Activities

-3,443.6

-17,820.9

-1,294.7

-29,034.6

-36,259.0

 

 

 

 

 

 

Foreign Exchange Effects

757.9

37.4

-126.3

-241.1

-115.3

Net Change in Cash

-7,228.1

-1,335.9

-5,871.0

7,609.0

-4,291.8

 

 

 

 

 

 

Cash and Cash Equivalent at Beginning

31,381.8

31,381.8

31,381.8

24,147.8

24,147.8

Cash and Cash Equivalent at End

24,153.7

30,045.9

25,510.8

31,756.9

19,856.0

    Cash Interest Paid

1,298.4

1,026.4

478.8

2,238.9

1,001.6

    Cash Taxes Paid

23,939.1

18,602.8

7,759.6

36,423.5

24,468.8

 

 

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.