MIRA
INFORM REPORT
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Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
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Name : |
LG CHEM LTD |
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Registered Office : |
LG |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.04.2001 |
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Legal Form : |
Public Parent |
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Line of Business : |
Basic Organic Chemical Manufacturing |
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No. of Employees : |
11,264 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Source : CIA |
Company name and address
LG Chem Ltd
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Business
Description
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LG CHEM, LTD. is a Korea-based company engaged in the manufacture of
petrochemicals and electronic materials. The Company operates in two business
segments: petrochemical segment and electronic material segment. Its
petrochemical segment produces basic chemicals, polyvinyl chloride products,
plasticizers, polyethylene compounds, acrylic acids, performance polymers,
engineering plastics, acrylonitrile butadiene styrene, conductive resins and
other chemicals. Its electronic material segment produces rechargeable
batteries, printed circuit materials, toner products and other recording
materials. On April 1, 2011, the Company merged with its subsidiary, LG
Polycarbonate Ltd. For the nine months ended 30 September 2011, LG Chem
Ltd.'s total revenues increased 18% to W17.077T. Net income applicable to
common shares increased 1% to W1.580T. Revenues reflect increased domestic
and exporting demand for petrochemical goods such as polyethylene compounds,
acrylic acids etc. Net income was partially offset by increased interest
expense, decreased gain on disposal of tangible assets. |
Industry
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Industry |
Chemical Manufacturing |
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ANZSIC 2006: |
1812 - Basic Organic Chemical
Manufacturing |
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NACE 2002: |
2414 - Manufacture of other organic basic
chemicals |
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NAICS 2002: |
32511 - Petrochemical Manufacturing |
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2414 - Manufacture of other organic basic
chemicals |
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US SIC 1987: |
2869 - Industrial Organic Chemicals, Not
Elsewhere Classified |
Key Executives
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Significant
Developments
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* number of significant developments within the last 12 months |
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News
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Financial Summary
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Stock
Snapshot
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1 - Profit &
Loss Item Exchange Rate: USD 1 = KRW 1107.891
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1152
Corporate Overview
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The Strategic Initiatives report is created using technology to
extract meaningful insights from analyst reports about a company's strategic
projects and investments. More about Strategic Initiatives
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Sales and Distribution |
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55 trillion for 2012, an increase of 8.2% from 2011. The company
intends to spend nearly KRW 1.75 trillion on building new facilities and
regular administrative-related affairs. The company plans to allocate KRW 700
billion for the petrochemical; KRW 540 billion for materials and KRW 470
billion for battery businesses. In mid 2011, it signed a $4 billion deal with
Kazakhstan Petrochemical Industries (KPI) for the development of a large
petrochemical complex in |
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Overview
LG Chem, Ltd. (LG Chem) pioneers in the manufacture and marketing of
high quality petrochemicals, information and electronic materials, and
industrial materials. The company is the leader in a few of its businesses,
which allows it to achieve stellar performance enjoying a competitive advantage.
However, legal proceedings and huge debt compared to various other companies in
the sector are few causes for concern to the company. Nonetheless, growing
demand for hybrid electric vehicles (HEV) and strategic plans would provide
growth opportunities for the company. Yet, stringent regulatory obligations
restricting chemical industry, and competitive pressure could pose several
challenges to the company in sustaining profitable growth.
Strengths
Dominant Market Position in Polarizer Market
Business competency in terms of market leadership would drive the
company’s growth and provide it a competitive advantage. LG Chem is a leading
provider of petrochemicals to global polarizer market. Polarizer for TFT-LCD
comprises 95% of the entire polarizer market and the company is the leader in
large-area TFT-LCD polarizer market in 2011 following from 2010. According to
industry estimates, as of mid 2011, LG Chem had a market share of 27%
overshadowing 26% market share of Nitto Denko and 20% of Sumitomo Chem. In the
TV-use polarizer market, LG Chem competes with Nitto Denko and Sumitomo
Chemical for the leading place. In the monitor-use polarizer market, LG Chem
dominates with a market share of 46%. The company’s market-leading position
is driven by its manufacturing know-how for value-added products at competitive
prices. The company’s leading market position would enhance its brand image
and provide multiple growth opportunities.
Vertical Integration in Petrochemicals
Business
LG Chem is vertically integrated across the value chain of petrochemical
industry, which enables it to identify various cost synergies. The company
produces quality petrochemicals ranging from basic distillates to specialty
polymers. The company’s petrochemical business engages in the production of
ethylene, propylene, mixed C4s, and pyrolysis gasoline, synthetic rubber and
specialty resins, polyvinyl chloride (PVC), acrylonitrile-butadienestyrene
(ABS) materials, acrylates and plasticizers. The company attained vertically
integrated production system in the PVC and ABS businesses through a merger
with LG Daesan Petrochemicals in 2006 and LG Petrochemical in 2007.
Furthermore, capacity expansion of ABS plant in
Strong Research and Development Capabilities
Operating in technology intensive businesses, LG Chem continues to
invest in new and advanced technologies across all its business fields, which
will enhance its competitive position. The company engages in basic and applied
research to develop new products and processes to enhance existing products and
processes and to develop new applications for existing products. Since its
inception, the company introduced several breakthrough products and
technologies. It developed and launched TFT-LCD polarizers, LCD color filter photoresists,
OLED materials, printed circuit board materials, and the industry’s first
2,400 mAh, 2,600 mAh, and 2,800 mAh lithium-ion batteries. In the petrochemical
business, the company develops specialty products, catalysts, processes, and
eco-friendly plasticizers. LG Chem registered more than 9,000 patents
worldwide, creating a strong intellectual property portfolio that makes it
increasingly competitive in the global marketplace. The company has
Weaknesses
Debt Obligations
For the fiscal year 2011, the company recorded a total debt of
KRW2,526,718m. It total long-term debt stood at KRW689,081m, an increase of 30%
over 2010. This could impair its ability to obtain additional financing for
working capital, capital expenditures or general corporate purposes, especially
if the ratings assigned to its debt securities by rating organizations were
revised downward. It could restrict the flexibility of the company in
responding to changing market conditions and make it more vulnerable during
times of slowdown. Another major consequence of the company's indebtedness
would be that the company would require allocate a substantial portion of the
cash flow from operations to pay the principal and interest on debt, thereby
reducing funds which could be used for expansion through acquisitions, on
marketing and the expansion of product offerings.
Legal Proceedings
Involvement in litigations leading to legal proceedings will incur
additional costs to the company and affect its profitability. Recently, Nippo
Shokubai Co. Ltd. filed a lawsuit against LG Chem seeking an injunction and
damage for LG Chem's infringement of Nippon Shokubai's Korean patent, 481,059
relating to the polymers for concrete admixture used in construction industry.
Nippo Shokubai stated that it heavily invested in research and development to
achieve improved quality and productivity of polymers for concrete admixture
such as AQUALOC. In response to the lawsuit filing, it discontinued production
and sale of its polycarboxylate copolymer; namely, CP-ST. In addition, LG Chem
filed a lawsuit against SK Innovation for copying its key proprietary battery
separator technology for electric cars. Regardless the outcome, such lawsuits
could impact the results of operations. Adverse decisions could hamper its
brand equity gained over the years.
Opportunities
Positive Outlook of Petrochemical Industry
LG Chem could be benefit from the growing global petrochemicals market.
According to the in-house research reports, the global petrochemicals industry
is valued at $733.4 billion, and it is expected to grow at a rate of 8.8% to
reach $1699 billion by 2020. According to the China Petroleum and Chemical
Industry Federation (CPCIF), the value of chemical industry output increased
32.6% in 2010 to reach $818.4 billion.
Strategic Growth Initiatives
The company focuses on business expansion through organic and inorganic
methods. It plans to invest KRW 2.55 trillion for increasing the output of
petrochemical products; as well as LCD glasses, batteries and films used in 3D
televisions. The company’s investment allocation falls in line with revenue
target of KRW24.55 trillion for 2012, an increase of 8.2% from 2011. The
company intends to spend nearly KRW 1.75 trillion on building new facilities
and regular administrative-related affairs. The company plans to allocate KRW
700 billion for the petrochemical; KRW 540 billion for materials and KRW 470
billion for battery businesses. In mid 2011, it signed a $4 billion deal with
Kazakhstan Petrochemical Industries (KPI) for the development of a large
petrochemical complex in
Growing Demand for Hybrid-Electric Vehicles
(HEVs)
The growing demand for clean vehicles would provide an opportunity for
the company to boost its sales and strengthen its market presence in its
batteries segment. LG Chem engages in production of both lithium-ion and
lithium-ion polymer rechargeable batteries. The company’s batteries find
application in various industries, including robots, robot vacuum cleaners,
electric bicycles, electric wheelchairs, and electric and hybrid vehicles. The
world demand for hybrid-electric vehicles (HEVs) is expected to reach 4 million
units in 2015. The HEV demand is high in Chinese and South Korean market,
mainly due to government interest in dealing with mobile emissions (
Threats
Competitive Pressure
LG Chem's business operations face intense competition from both
domestic and foreign chemical manufacturers, which may have a negative impact
on its performance. Increased competition may lead the company to reduce its
prices, which could negatively affect its margins. The company operates in a
progressively more complex and challenging chemical marketplace whose dynamics
is ever-changing. Its key competitors include Hanwha Chemical Corporation,
Sumitomo Chemical, Mitsubishi Chemical, Dow Chemical and others. Technological
advances by any player in the market could render its present or future
products obsolete or uneconomical. The existing market includes companies of
varying sizes; some more specialized than the company with respect to
particular materials, and some with greater financial resources than the
company. It competes in this evolving marketplace on the basis of many factors,
including price, quality, innovation, service, reputation, distribution and
promotion.
Infringement of Intellectual Property
LG Chem’s intellectual property rights could be challenged,
invalidated, or infringed by its competitors. The company owns trademarks for
its various products, including. The company has strong R&D activity which
allowed it to develop several new technologies and products. The company’s
intellectual property includes copyrights, patents, trademarks, industrial
design rights and various trade secrets. Currently, the company has more than
9,000 registered patents and several patent pending applications worldwide.
Failure to meet the requirements in securing its technology could adversely
hamper the company’s competitive position. Similarly, the company could face
infringement claims and incur additional costs that would affect its
profitability.
Stringent Environmental Regulations
LG Chem’s business could be affected by the environmental regulations
governing the global chemical industry. The company is subject to variety of
laws, regulations and policies by the Government of South Korea and other foreign
governments, where the company operates. One of such is REACH (Registration
Evaluation and Authorization of Chemicals), which regulates the products
manufactured and marketed in
Corporate Structure News
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LG Chem Ltd |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
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Chemical Manufacturing |
20,467.3 |
11,264 |
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Joint Venture |
Ch'onan, Choongnam |
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Chemical Manufacturing |
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1,400 |
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Subsidiary |
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Miscellaneous Capital Goods |
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40 |
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Subsidiary |
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Chemical Manufacturing |
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3 |
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Executives Report
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Annual Income Statement
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Net Sales |
20,467.3 |
16,839.7 |
12,160.0 |
13,141.4 |
12,193.1 |
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Revenue |
20,467.3 |
16,839.7 |
12,160.0 |
13,141.4 |
12,193.1 |
|
Other Revenue |
- |
- |
- |
83.5 |
90.8 |
|
Other Revenue, Total |
- |
- |
- |
83.5 |
90.8 |
|
Total Revenue |
20,467.3 |
16,839.7 |
12,160.0 |
13,224.9 |
12,283.9 |
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Cost of Revenue |
16,784.0 |
13,381.3 |
9,606.0 |
11,175.7 |
10,262.7 |
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Cost of Revenue, Total |
16,784.0 |
13,381.3 |
9,606.0 |
11,175.7 |
10,262.7 |
|
Gross Profit |
3,683.3 |
3,458.4 |
2,554.0 |
1,965.7 |
1,930.4 |
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Selling/General/Administrative Expense |
777.8 |
704.8 |
556.1 |
561.3 |
547.3 |
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Labor & Related Expense |
293.2 |
240.9 |
194.6 |
207.6 |
234.6 |
|
Advertising Expense |
16.6 |
9.9 |
8.2 |
9.9 |
10.9 |
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Total Selling/General/Administrative Expenses |
1,087.6 |
955.6 |
758.9 |
778.8 |
792.8 |
|
Research & Development |
- |
- |
- |
25.5 |
24.5 |
|
Depreciation |
43.7 |
36.0 |
31.6 |
31.8 |
38.4 |
|
Amortization of Intangibles |
9.8 |
10.7 |
7.3 |
12.8 |
18.7 |
|
Depreciation/Amortization |
53.5 |
46.7 |
39.0 |
44.6 |
57.1 |
|
Investment Income -
Operating |
13.7 |
19.4 |
59.0 |
- |
0.0 |
|
Interest/Investment Income - Operating |
13.7 |
19.4 |
59.0 |
- |
0.0 |
|
Interest Expense (Income) - Net Operating Total |
13.7 |
19.4 |
59.0 |
- |
0.0 |
|
Loss (Gain) on Sale of Assets - Operating |
3.9 |
7.0 |
21.3 |
- |
- |
|
Unusual Expense (Income) |
3.9 |
7.0 |
21.3 |
- |
- |
|
Other Operating Expense |
6.4 |
19.6 |
55.1 |
- |
- |
|
Other, Net |
-41.1 |
-30.0 |
-22.9 |
- |
- |
|
Other Operating Expenses, Total |
-34.7 |
-10.4 |
32.2 |
- |
- |
|
Total Operating Expense |
17,908.0 |
14,399.7 |
10,516.5 |
12,024.5 |
11,137.1 |
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|
|
|
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Operating Income |
2,559.3 |
2,440.0 |
1,643.5 |
1,200.4 |
1,146.8 |
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|
|
|
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|
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Interest Expense -
Non-Operating |
-60.6 |
-53.0 |
-81.4 |
-88.6 |
-127.0 |
|
Interest Expense, Net Non-Operating |
-60.6 |
-53.0 |
-81.4 |
-88.6 |
-127.0 |
|
Interest Income -
Non-Operating |
24.7 |
23.1 |
14.9 |
5.4 |
22.3 |
|
Investment Income -
Non-Operating |
28.8 |
38.5 |
10.7 |
-82.8 |
1.6 |
|
Interest/Investment Income - Non-Operating |
53.6 |
61.6 |
25.7 |
-77.4 |
23.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-7.0 |
8.7 |
-55.7 |
-166.0 |
-103.1 |
|
Gain (Loss) on Sale of Assets |
- |
- |
- |
-38.8 |
-43.8 |
|
Other Non-Operating Income (Expense) |
-28.0 |
-11.2 |
-8.8 |
80.8 |
34.5 |
|
Other, Net |
-28.0 |
-11.2 |
-8.8 |
80.8 |
34.5 |
|
Income Before Tax |
2,524.3 |
2,437.5 |
1,579.0 |
1,076.3 |
1,034.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
565.9 |
535.1 |
347.2 |
242.4 |
221.1 |
|
Income After Tax |
1,958.4 |
1,902.4 |
1,231.8 |
833.8 |
813.2 |
|
|
|
|
|
|
|
|
Minority Interest |
-28.7 |
-35.9 |
-24.0 |
15.1 |
-158.5 |
|
Net Income Before Extraord Items |
1,929.7 |
1,866.5 |
1,207.8 |
848.9 |
654.7 |
|
Discontinued Operations |
- |
- |
-0.3 |
62.1 |
86.4 |
|
Extraord Items |
- |
- |
0.0 |
- |
- |
|
Total Extraord Items |
- |
- |
-0.3 |
62.1 |
86.4 |
|
Net Income |
1,929.7 |
1,866.5 |
1,207.4 |
911.0 |
741.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-200.4 |
-193.8 |
-125.4 |
-94.9 |
-84.5 |
|
Total Adjustments to Net Income |
-200.4 |
-193.8 |
-125.4 |
-94.9 |
-84.5 |
|
Income Available to Common Excl Extraord Items |
1,729.4 |
1,672.7 |
1,082.3 |
754.0 |
570.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1,729.4 |
1,672.7 |
1,082.0 |
816.0 |
656.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
65.9 |
65.9 |
68.1 |
65.8 |
57.8 |
|
Basic EPS Excl Extraord Items |
26.24 |
25.38 |
15.89 |
11.46 |
9.86 |
|
Basic/Primary EPS Incl Extraord Items |
26.24 |
25.38 |
15.88 |
12.40 |
11.36 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1,729.4 |
1,672.7 |
1,082.0 |
816.0 |
656.6 |
|
Diluted Weighted Average Shares |
65.9 |
65.9 |
68.1 |
65.8 |
57.8 |
|
Diluted EPS Excl Extraord Items |
26.24 |
25.38 |
15.89 |
11.46 |
9.86 |
|
Diluted EPS Incl Extraord Items |
26.24 |
25.38 |
15.88 |
12.40 |
11.36 |
|
Dividends per Share - Common Stock Primary Issue |
3.61 |
3.46 |
2.74 |
2.58 |
2.44 |
|
Gross Dividends - Common Stock |
238.0 |
228.0 |
180.7 |
170.0 |
160.6 |
|
Interest Expense, Supplemental |
60.6 |
53.0 |
81.4 |
88.6 |
127.0 |
|
Interest Capitalized, Supplemental |
-20.4 |
-16.1 |
-7.3 |
- |
- |
|
Depreciation, Supplemental |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Total Special Items |
3.9 |
7.0 |
21.3 |
38.8 |
43.8 |
|
Normalized Income Before Tax |
2,528.2 |
2,444.5 |
1,600.3 |
1,115.1 |
1,078.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.9 |
1.5 |
4.7 |
8.7 |
9.4 |
|
Inc Tax Ex Impact of Sp Items |
566.8 |
536.6 |
351.9 |
251.2 |
230.5 |
|
Normalized Income After Tax |
1,961.4 |
1,907.9 |
1,248.4 |
863.9 |
847.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,732.4 |
1,678.2 |
1,098.9 |
784.1 |
604.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
26.28 |
25.46 |
16.13 |
11.92 |
10.46 |
|
Diluted Normalized EPS |
26.28 |
25.46 |
16.13 |
11.92 |
10.46 |
|
Amort of Intangibles, Supplemental |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
Rental Expenses |
- |
- |
- |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
16.6 |
9.9 |
8.2 |
9.9 |
10.9 |
|
Research & Development Exp, Supplemental |
- |
- |
- |
25.5 |
24.5 |
|
Normalized EBIT |
2,577.0 |
2,466.5 |
1,723.8 |
1,200.4 |
1,146.8 |
|
Normalized EBITDA |
3,259.9 |
3,047.7 |
2,182.0 |
1,737.6 |
1,819.5 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,197.4 |
1,205.4 |
950.3 |
408.3 |
630.9 |
|
Short Term Investments |
- |
- |
- |
118.3 |
113.9 |
|
Cash and Short Term Investments |
1,197.4 |
1,205.4 |
950.3 |
526.6 |
744.7 |
|
Accounts Receivable -
Trade, Gross |
2,710.3 |
2,235.7 |
1,973.7 |
1,262.6 |
1,595.8 |
|
Provision for Doubtful
Accounts |
-4.4 |
-6.4 |
-10.8 |
-30.7 |
-60.0 |
|
Trade Accounts Receivable - Net |
2,707.9 |
2,233.2 |
1,965.7 |
1,234.3 |
1,539.8 |
|
Other Receivables |
96.8 |
53.5 |
52.5 |
79.2 |
128.4 |
|
Total Receivables, Net |
2,804.6 |
2,286.7 |
2,018.1 |
1,313.5 |
1,668.2 |
|
Inventories - Finished Goods |
1,258.2 |
1,129.3 |
772.8 |
922.5 |
911.2 |
|
Inventories - Work In Progress |
278.5 |
237.8 |
159.6 |
155.2 |
164.4 |
|
Inventories - Raw Materials |
549.8 |
502.7 |
393.2 |
346.1 |
457.1 |
|
Inventories - Other |
97.2 |
76.9 |
80.9 |
62.2 |
76.9 |
|
Total Inventory |
2,183.7 |
1,946.8 |
1,406.5 |
1,486.0 |
1,609.5 |
|
Prepaid Expenses |
83.1 |
84.8 |
65.4 |
24.1 |
23.6 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
36.9 |
24.8 |
|
Other Current Assets |
30.0 |
20.1 |
91.5 |
8.7 |
9.6 |
|
Other Current Assets, Total |
30.0 |
20.1 |
91.5 |
45.6 |
34.4 |
|
Total Current Assets |
6,298.8 |
5,543.8 |
4,531.8 |
3,395.9 |
4,080.5 |
|
|
|
|
|
|
|
|
Buildings |
2,108.4 |
1,853.2 |
1,591.0 |
- |
- |
|
Land/Improvements |
525.1 |
390.7 |
371.1 |
407.5 |
547.6 |
|
Machinery/Equipment |
7,153.8 |
6,596.6 |
5,538.1 |
- |
- |
|
Construction in
Progress |
1,263.8 |
784.8 |
414.6 |
281.0 |
316.9 |
|
Other
Property/Plant/Equipment |
161.6 |
83.4 |
15.4 |
- |
- |
|
Property/Plant/Equipment - Gross |
11,212.6 |
9,708.8 |
7,930.2 |
688.5 |
864.4 |
|
Accumulated Depreciation |
-5,075.3 |
-4,683.6 |
-3,884.6 |
- |
- |
|
Property/Plant/Equipment - Net |
6,402.7 |
5,174.1 |
4,100.9 |
4,117.1 |
4,953.1 |
|
Goodwill, Net |
29.0 |
29.4 |
28.7 |
-159.3 |
-280.2 |
|
Intangibles, Net |
150.8 |
129.3 |
110.6 |
99.5 |
115.6 |
|
LT Investment - Affiliate Companies |
285.1 |
188.2 |
188.5 |
98.7 |
101.8 |
|
LT Investments - Other |
5.8 |
4.3 |
4.1 |
49.7 |
62.3 |
|
Long Term Investments |
290.9 |
192.5 |
192.6 |
148.4 |
164.1 |
|
Note Receivable - Long Term |
- |
- |
0.0 |
0.3 |
0.9 |
|
Deferred Income Tax - Long Term Asset |
28.0 |
39.9 |
14.0 |
22.1 |
3.5 |
|
Other Long Term Assets |
68.5 |
58.0 |
64.7 |
105.4 |
97.5 |
|
Other Long Term Assets, Total |
96.4 |
97.9 |
78.7 |
127.4 |
101.0 |
|
Total Assets |
13,268.7 |
11,167.0 |
9,043.2 |
7,729.4 |
9,134.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,304.8 |
1,147.7 |
941.2 |
536.8 |
1,074.4 |
|
Accrued Expenses |
- |
1.9 |
- |
59.8 |
55.3 |
|
Notes Payable/Short Term Debt |
1,260.3 |
1,110.1 |
1,110.5 |
647.9 |
574.9 |
|
Current Portion - Long Term Debt/Capital Leases |
334.9 |
317.8 |
463.3 |
549.6 |
428.6 |
|
Dividends Payable |
1.0 |
0.0 |
0.1 |
0.4 |
0.0 |
|
Customer Advances |
29.6 |
34.2 |
36.3 |
31.0 |
23.4 |
|
Income Taxes Payable |
251.3 |
361.0 |
172.0 |
284.1 |
266.9 |
|
Other Payables |
824.8 |
723.8 |
583.2 |
448.6 |
636.7 |
|
Other Current Liabilities |
94.0 |
72.4 |
48.4 |
39.1 |
64.4 |
|
Other Current liabilities, Total |
1,200.7 |
1,191.4 |
840.0 |
803.1 |
991.5 |
|
Total Current Liabilities |
4,100.6 |
3,769.0 |
3,355.0 |
2,597.2 |
3,124.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
593.6 |
417.0 |
488.5 |
979.9 |
1,526.2 |
|
Capital Lease Obligations |
4.5 |
6.4 |
7.7 |
- |
- |
|
Total Long Term Debt |
598.2 |
423.4 |
496.3 |
979.9 |
1,526.2 |
|
Total Debt |
2,193.3 |
1,851.3 |
2,070.1 |
2,177.4 |
2,529.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
52.4 |
12.6 |
0.0 |
30.5 |
20.1 |
|
Deferred Income Tax |
52.4 |
12.6 |
0.0 |
30.5 |
20.1 |
|
Minority Interest |
133.9 |
123.7 |
100.9 |
129.4 |
177.2 |
|
Reserves |
2.0 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
52.8 |
7.2 |
46.7 |
76.8 |
105.2 |
|
Other Long Term Liabilities |
36.0 |
43.5 |
55.6 |
33.6 |
38.4 |
|
Other Liabilities, Total |
90.8 |
50.6 |
102.3 |
110.4 |
143.6 |
|
Total Liabilities |
4,975.8 |
4,379.2 |
4,054.5 |
3,847.3 |
4,991.9 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
- |
33.6 |
32.8 |
34.4 |
46.3 |
|
Preferred Stock - Non Redeemable, Net |
- |
33.6 |
32.8 |
34.4 |
46.3 |
|
Common Stock |
320.7 |
292.0 |
284.6 |
298.7 |
401.9 |
|
Common Stock |
320.7 |
292.0 |
284.6 |
298.7 |
401.9 |
|
Additional Paid-In Capital |
1,005.0 |
1,020.2 |
994.2 |
1,043.7 |
1,391.3 |
|
Retained Earnings (Accumulated Deficit) |
6,990.7 |
5,510.5 |
4,153.0 |
2,411.0 |
2,351.4 |
|
Treasury Stock - Common |
-13.4 |
-13.6 |
-13.3 |
-11.9 |
-25.1 |
|
Unrealized Gain (Loss) |
- |
- |
- |
-1.0 |
-4.1 |
|
Translation Adjustment |
- |
- |
- |
107.0 |
-16.3 |
|
Other Equity |
-10.1 |
-54.8 |
-462.6 |
0.3 |
-2.4 |
|
Other Equity, Total |
-10.1 |
-54.8 |
-462.6 |
107.3 |
-18.7 |
|
Total Equity |
8,293.0 |
6,787.8 |
4,988.7 |
3,882.1 |
4,143.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
13,268.7 |
11,167.0 |
9,043.2 |
7,729.4 |
9,134.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
65.9 |
65.9 |
65.9 |
65.9 |
65.7 |
|
Total Common Shares Outstanding |
65.9 |
65.9 |
65.9 |
65.9 |
65.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.4 |
0.4 |
0.4 |
0.3 |
0.5 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Total Preferred Stock Outstanding |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Treasury Shares - Preferred Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
10,722 |
9,304 |
8,194 |
10,698 |
10,780 |
|
Number of Common Shareholders |
- |
90,994 |
- |
46,173 |
38,937 |
|
Deferred Revenue - Current |
29.6 |
34.2 |
36.3 |
31.0 |
23.4 |
|
Total Long Term Debt, Supplemental |
- |
316.2 |
- |
1,282.3 |
1,610.7 |
|
Long Term Debt Maturing within 1 Year |
- |
316.2 |
- |
550.1 |
429.4 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
404.4 |
584.0 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
184.2 |
389.4 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
72.8 |
84.8 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
- |
588.6 |
973.4 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
- |
72.8 |
84.8 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
0.0 |
- |
70.8 |
123.1 |
|
Total Capital Leases, Supplemental |
6.3 |
8.0 |
9.2 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
1.7 |
1.6 |
1.4 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
1.1 |
1.6 |
1.9 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
1.1 |
1.6 |
1.9 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
1.1 |
1.6 |
1.9 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
1.1 |
1.6 |
1.9 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
2.3 |
3.2 |
3.9 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
2.3 |
3.2 |
3.9 |
- |
- |
|
Total Operating Leases, Supplemental |
- |
- |
- |
- |
9.4 |
|
Operating Lease Payments Due in Year 1 |
- |
- |
- |
- |
4.7 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
- |
- |
2.4 |
|
Operating Lease Payments Due in Year 3 |
- |
- |
- |
- |
2.4 |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
- |
- |
4.8 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
- |
- |
0.0 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
2,524.3 |
2,437.5 |
1,544.5 |
895.9 |
899.6 |
|
Depreciation |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Depreciation/Depletion |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Amortization of Intangibles |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
Amortization |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
Deferred Taxes |
- |
- |
- |
-60.8 |
-117.7 |
|
Unusual Items |
42.1 |
38.2 |
31.7 |
-50.0 |
103.3 |
|
Equity in Net Earnings (Loss) |
- |
- |
- |
-0.6 |
-7.3 |
|
Other Non-Cash Items |
64.4 |
4.2 |
26.8 |
208.7 |
43.3 |
|
Non-Cash Items |
106.6 |
42.3 |
58.5 |
158.1 |
139.3 |
|
Accounts Receivable |
-514.6 |
-128.3 |
-517.1 |
-17.1 |
-271.1 |
|
Inventories |
-248.8 |
-461.8 |
47.2 |
-247.6 |
-216.7 |
|
Prepaid Expenses |
- |
- |
- |
-3.0 |
-4.4 |
|
Other Assets |
- |
- |
- |
-0.9 |
-1.9 |
|
Accounts Payable |
251.1 |
246.5 |
712.8 |
-499.4 |
74.2 |
|
Accrued Expenses |
- |
- |
- |
20.2 |
9.5 |
|
Taxes Payable |
- |
- |
- |
98.9 |
155.0 |
|
Other Liabilities |
-65.9 |
-113.0 |
-34.8 |
-56.9 |
-69.6 |
|
Other Operating Cash Flow |
-713.5 |
-436.2 |
-537.0 |
69.8 |
0.1 |
|
Changes in Working Capital |
-1,291.7 |
-892.8 |
-328.9 |
-635.9 |
-324.9 |
|
Cash from Operating Activities |
2,022.2 |
2,168.3 |
1,732.3 |
894.5 |
1,269.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,981.6 |
-1,398.6 |
-861.3 |
-822.7 |
-727.1 |
|
Purchase/Acquisition of Intangibles |
-24.5 |
-21.0 |
-18.4 |
-38.7 |
-20.9 |
|
Capital Expenditures |
-2,006.1 |
-1,419.7 |
-879.7 |
-861.3 |
-748.0 |
|
Sale of Fixed Assets |
4.4 |
4.4 |
29.2 |
26.5 |
23.8 |
|
Sale/Maturity of Investment |
0.0 |
0.5 |
5.7 |
180.4 |
7.6 |
|
Purchase of Investments |
-39.0 |
-66.4 |
-18.8 |
-160.0 |
-144.0 |
|
Sale of Intangible Assets |
- |
0.2 |
0.6 |
0.5 |
0.5 |
|
Other Investing Cash Flow |
-17.8 |
78.3 |
33.5 |
27.8 |
3.5 |
|
Other Investing Cash Flow Items, Total |
-52.3 |
16.9 |
50.1 |
75.1 |
-108.6 |
|
Cash from Investing Activities |
-2,058.4 |
-1,402.7 |
-829.6 |
-786.2 |
-856.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-6.7 |
3.0 |
-153.6 |
-598.8 |
-541.1 |
|
Financing Cash Flow Items |
-6.7 |
3.0 |
-153.6 |
-598.8 |
-541.1 |
|
Total Cash Dividends Paid |
-287.6 |
-242.1 |
-165.0 |
-151.7 |
-78.5 |
|
Sale/Issuance of
Common |
- |
- |
- |
19.5 |
- |
|
Repurchase/Retirement
of Common |
- |
0.0 |
-1.8 |
- |
- |
|
Common Stock, Net |
- |
0.0 |
-1.8 |
19.5 |
- |
|
Issuance (Retirement) of Stock, Net |
- |
0.0 |
-1.8 |
19.5 |
- |
|
Short Term Debt Issued |
- |
- |
- |
296.5 |
266.3 |
|
Short Term Debt
Reduction |
- |
- |
- |
-17.8 |
-144.3 |
|
Short Term Debt, Net |
- |
- |
- |
278.7 |
121.9 |
|
Long Term Debt Issued |
- |
- |
234.0 |
237.7 |
327.0 |
|
Long Term Debt
Reduction |
-891.2 |
-501.3 |
-469.1 |
-4.5 |
-32.3 |
|
Long Term Debt, Net |
-891.2 |
-501.3 |
-235.1 |
233.3 |
294.7 |
|
Total Debt Issued |
1,242.3 |
200.4 |
111.5 |
- |
- |
|
Issuance (Retirement) of Debt, Net |
351.1 |
-300.8 |
-123.6 |
512.0 |
416.7 |
|
Cash from Financing Activities |
56.9 |
-540.0 |
-444.0 |
-219.0 |
-202.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-10.4 |
0.5 |
5.8 |
41.5 |
9.2 |
|
Net Change in Cash |
10.2 |
226.1 |
464.5 |
-69.3 |
218.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,234.8 |
957.0 |
402.4 |
536.6 |
416.7 |
|
Net Cash - Ending Balance |
1,245.0 |
1,183.1 |
867.0 |
467.3 |
635.5 |
|
Cash Interest Paid |
79.5 |
70.8 |
90.1 |
- |
- |
|
Cash Taxes Paid |
621.5 |
366.2 |
459.0 |
- |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Product Revenues |
- |
- |
- |
12,611.5 |
11,328.4 |
|
Merchandise Revenues |
- |
- |
- |
529.9 |
864.7 |
|
Other Revenues |
- |
- |
- |
83.5 |
90.8 |
|
Net Sales |
20,467.3 |
16,839.7 |
12,160.0 |
- |
- |
|
Total Revenue |
20,467.3 |
16,839.7 |
12,160.0 |
13,224.9 |
12,283.9 |
|
|
|
|
|
|
|
|
Cost Manufacturing |
- |
- |
- |
10,624.9 |
9,392.7 |
|
Merchandise Cost |
- |
- |
- |
529.5 |
848.8 |
|
Cost of Other Sales |
- |
- |
- |
21.3 |
21.2 |
|
Cost of Sales |
16,784.0 |
13,381.3 |
9,606.0 |
- |
- |
|
Gains on Foreign Currency Transactions |
-348.0 |
-335.1 |
-366.0 |
- |
- |
|
Gains on Foreign Currency Translation |
-19.5 |
-16.2 |
-22.9 |
- |
- |
|
Gains on Sale of Property, Plant and Equ |
-2.1 |
-4.0 |
-0.4 |
- |
- |
|
Gains on Sale of Intangible Assets |
- |
- |
-0.5 |
- |
- |
|
Other Operating Income |
-41.1 |
-30.0 |
-22.9 |
- |
- |
|
Losses on Foreign Currency Transactions |
360.1 |
339.4 |
374.2 |
- |
- |
|
Losses on Foreign Currency Translation |
21.0 |
14.2 |
16.4 |
- |
- |
|
Losses on Sale of Property, Plant and Eq |
6.0 |
10.4 |
21.3 |
- |
- |
|
Losses on Sale of Intangible Assets |
0.0 |
0.6 |
0.9 |
- |
- |
|
Loss-Reduction of Tangible Assets |
- |
17.1 |
44.0 |
- |
- |
|
Loss-Reduction of Intangible Assets |
- |
- |
13.3 |
- |
- |
|
Other Operating Expense |
6.4 |
19.6 |
55.1 |
- |
- |
|
Salaries and Wages |
228.4 |
190.5 |
149.0 |
157.9 |
174.4 |
|
Retirement Allowance |
13.1 |
7.9 |
10.6 |
14.2 |
16.0 |
|
Employee Benefits |
51.7 |
42.5 |
35.0 |
34.6 |
35.9 |
|
Travel Expenses |
20.8 |
19.4 |
14.9 |
17.3 |
15.3 |
|
Utility Expenses |
16.5 |
13.5 |
12.1 |
18.4 |
20.2 |
|
Packaging Expenses |
4.1 |
3.5 |
3.0 |
2.5 |
3.0 |
|
Usage Fees |
84.8 |
59.7 |
36.0 |
53.0 |
53.4 |
|
Commissions Paid |
161.2 |
150.2 |
108.0 |
96.7 |
102.7 |
|
Depreciation Expense |
43.7 |
36.0 |
31.6 |
31.8 |
38.4 |
|
Advertising Expense |
16.6 |
9.9 |
8.2 |
9.9 |
10.9 |
|
Shipping and Handling Expenses |
300.2 |
295.3 |
242.0 |
289.0 |
257.1 |
|
Education & Training Expenses |
10.2 |
8.8 |
6.3 |
6.7 |
7.0 |
|
Provision-Bad Debt |
- |
- |
- |
- |
5.8 |
|
Amortization of Intangibles |
9.8 |
10.7 |
7.3 |
12.8 |
18.7 |
|
Other Sales and Administrative Expens |
- |
- |
- |
71.8 |
75.9 |
|
Expenses-Samples |
7.6 |
6.8 |
5.4 |
5.8 |
7.0 |
|
Research & Development Expense |
- |
- |
- |
25.5 |
24.5 |
|
Expenses-Stock Compensation |
- |
- |
- |
0.9 |
8.4 |
|
Other Expenses |
172.5 |
147.7 |
128.3 |
- |
- |
|
Loss-Reduction of Investment Securities |
- |
- |
- |
- |
0.0 |
|
Total Operating Expense |
17,908.0 |
14,399.7 |
10,516.5 |
12,024.5 |
11,137.1 |
|
|
|
|
|
|
|
|
Interest Income |
24.7 |
23.1 |
14.9 |
5.4 |
22.3 |
|
Dividend Income |
0.1 |
0.2 |
0.4 |
0.1 |
0.0 |
|
Gain on Foreign Exchange Transaction |
84.0 |
51.8 |
61.5 |
388.8 |
70.2 |
|
Gain on Foreign Currency Translation |
26.0 |
17.6 |
39.6 |
44.3 |
29.7 |
|
Gain on Disposal of Derivatives to Tradt |
32.9 |
8.6 |
- |
- |
- |
|
Gain on Sale of Risk Avers Derivatives |
8.0 |
2.1 |
24.7 |
- |
- |
|
Gain on Valuatio of Derivatives to Tradt |
- |
1.9 |
- |
- |
- |
|
Gain -Valuat of Risk Avers Derivatives |
- |
11.6 |
0.3 |
- |
- |
|
Other Financial Income |
- |
1.9 |
3.4 |
- |
- |
|
Recovery-Loan Loss Reserve |
- |
- |
- |
6.1 |
- |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
- |
0.2 |
|
Gain on Disposal of Tangible Assets |
- |
- |
- |
2.6 |
6.4 |
|
Gain on Disposal of Intangible Assets |
- |
- |
- |
0.0 |
0.0 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
- |
35.6 |
42.2 |
|
L-Reduction of Tangible Assets |
- |
- |
- |
- |
-3.5 |
|
Loss-Reduction of Intangible Asset |
- |
- |
- |
-0.1 |
-17.6 |
|
Gain-Derivatives Transactions |
- |
- |
- |
66.7 |
- |
|
Gain on Valuation of Derivatives |
- |
- |
- |
48.7 |
2.5 |
|
Gain on Insurance Settlement |
- |
- |
- |
52.5 |
0.5 |
|
Other Non-Operating Income |
- |
- |
- |
27.9 |
21.5 |
|
Interest Expense, Non-Operating |
-60.6 |
-53.0 |
-81.4 |
-88.6 |
-127.0 |
|
L-Foreign Exchange Transaction |
-68.5 |
-64.1 |
-66.6 |
-414.9 |
-71.2 |
|
Loss on Foreign Currency Translation |
-8.1 |
-14.5 |
-1.5 |
-195.9 |
-13.6 |
|
Loss on Disposal of Derivatives to Tradt |
-59.5 |
-25.3 |
- |
- |
- |
|
Loss - Valuation of Derivatives to Tradt |
- |
- |
-17.3 |
- |
- |
|
Loss-Valuat of Risk Avers Derivatives |
- |
-1.0 |
-18.1 |
- |
- |
|
Other Financial Expense |
0.0 |
-0.4 |
0.0 |
- |
- |
|
L-Disposal of Investment Assets |
- |
- |
- |
0.0 |
-0.1 |
|
Other Amortization |
- |
- |
- |
0.0 |
- |
|
L-Disposal of Accounts Receivables |
- |
- |
- |
-33.2 |
-34.6 |
|
Loss on Depletion of Inventories |
- |
- |
- |
- |
0.0 |
|
Loss-Disposal of Investment Securities |
- |
- |
- |
0.0 |
-0.3 |
|
Loss on Disposal of Tangible Assets |
- |
- |
- |
-7.4 |
-14.6 |
|
L-Intang Asset Disp |
- |
- |
- |
-0.8 |
-1.1 |
|
Donations Paid |
- |
- |
- |
-6.5 |
-8.8 |
|
Loss-Derivatives Transaction |
- |
- |
- |
- |
-0.4 |
|
Loss-Valuation of Derivatives |
- |
- |
- |
-20.4 |
- |
|
Miscellaneous Non-Operating Expense |
-28.0 |
-11.2 |
-8.8 |
-34.8 |
-20.9 |
|
Gain under Equity Method |
13.8 |
48.0 |
- |
3.5 |
8.1 |
|
Loss under Equity Method |
- |
- |
-15.5 |
-3.7 |
-2.4 |
|
Net Income Before Taxes |
2,524.3 |
2,437.5 |
1,579.0 |
1,076.3 |
1,034.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
565.9 |
535.1 |
347.2 |
242.4 |
221.1 |
|
Net Income After Taxes |
1,958.4 |
1,902.4 |
1,231.8 |
833.8 |
813.2 |
|
|
|
|
|
|
|
|
Gain Minority Int. |
-28.7 |
-35.9 |
-24.0 |
15.1 |
-158.5 |
|
Net Income Before Extra. Items |
1,929.7 |
1,866.5 |
1,207.8 |
848.9 |
654.7 |
|
G/L-Discontinuing Operation |
- |
- |
-25.9 |
62.1 |
86.4 |
|
Common&Preferred Discon. Operation |
- |
- |
25.5 |
- |
- |
|
Miscellaneous Adjustment |
- |
- |
0.0 |
- |
- |
|
Net Income |
1,929.7 |
1,866.5 |
1,207.4 |
911.0 |
741.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-27.9 |
-26.7 |
-21.2 |
-94.9 |
-84.5 |
|
Participated Preferred Dividend |
-172.5 |
-167.1 |
-104.2 |
- |
- |
|
Income Available to Com Excl E |
1,729.4 |
1,672.7 |
1,082.3 |
754.0 |
570.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
1,729.4 |
1,672.7 |
1,082.0 |
816.0 |
656.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
65.9 |
65.9 |
68.1 |
65.8 |
57.8 |
|
Basic EPS Excluding ExtraOrdin |
26.24 |
25.38 |
15.89 |
11.46 |
9.86 |
|
Basic EPS Including ExtraOrdin |
26.24 |
25.38 |
15.88 |
12.40 |
11.36 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1,729.4 |
1,672.7 |
1,082.0 |
816.0 |
656.6 |
|
Diluted Weighted Average Share |
65.9 |
65.9 |
68.1 |
65.8 |
57.8 |
|
Diluted EPS Excluding ExtraOrd |
26.24 |
25.38 |
15.89 |
11.46 |
9.86 |
|
Diluted EPS Including ExtraOrd |
26.24 |
25.38 |
15.88 |
12.40 |
11.36 |
|
DPS-Common Stock |
3.61 |
3.46 |
2.74 |
2.58 |
2.44 |
|
Gross Dividends - Common Stock |
238.0 |
228.0 |
180.7 |
170.0 |
160.6 |
|
Normalized Income Before Taxes |
2,528.2 |
2,444.5 |
1,600.3 |
1,115.1 |
1,078.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
566.8 |
536.6 |
351.9 |
251.2 |
230.5 |
|
Normalized Income After Taxes |
1,961.4 |
1,907.9 |
1,248.4 |
863.9 |
847.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,732.4 |
1,678.2 |
1,098.9 |
784.1 |
604.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
26.28 |
25.46 |
16.13 |
11.92 |
10.46 |
|
Diluted Normalized EPS |
26.28 |
25.46 |
16.13 |
11.92 |
10.46 |
|
Interest Expense |
60.6 |
53.0 |
81.4 |
88.6 |
127.0 |
|
Interest Capitalized, Supplemental |
-20.4 |
-16.1 |
-7.3 |
- |
- |
|
Rental Expense |
- |
- |
- |
0.0 |
0.0 |
|
Advertising Expense |
16.6 |
9.9 |
8.2 |
9.9 |
10.9 |
|
R&D Expense, Supplemental |
- |
- |
- |
25.5 |
24.5 |
|
Depreciation |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Amort of Intangibles, Suppleme |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Short-Term Loans |
- |
0.1 |
- |
- |
- |
|
ST Investment Assets |
- |
- |
- |
118.3 |
113.9 |
|
Cash and Equivalents |
1,197.4 |
1,205.4 |
950.3 |
408.3 |
630.9 |
|
Derivative Assets |
- |
1.9 |
0.3 |
- |
- |
|
Short-Term Guarantee Deposit |
- |
- |
- |
0.0 |
0.0 |
|
Deferred Taxes |
- |
- |
- |
36.9 |
24.8 |
|
Trade Rcvb Gross |
2,710.3 |
2,235.7 |
1,973.7 |
1,262.6 |
1,595.8 |
|
Reserve for Doubtful Accounts |
-4.4 |
-6.4 |
-10.8 |
-30.7 |
-60.0 |
|
Prepaid Taxes |
15.5 |
3.0 |
3.5 |
0.5 |
0.4 |
|
Advanced Payment |
35.0 |
23.7 |
34.6 |
19.0 |
26.7 |
|
Prepaid Expense |
19.0 |
23.1 |
18.7 |
23.7 |
23.3 |
|
Prepaid VAT |
48.7 |
58.7 |
43.2 |
- |
- |
|
Other Current Assets |
12.4 |
6.9 |
4.1 |
- |
- |
|
Other Quick Assets |
- |
- |
- |
8.6 |
9.6 |
|
Merchandise |
77.5 |
53.4 |
39.4 |
93.1 |
98.1 |
|
Allowance for Loss on Valuation of Merch |
- |
-0.1 |
-0.3 |
- |
- |
|
Finished Goods |
1,000.7 |
898.5 |
607.5 |
692.1 |
703.8 |
|
Allowance for Loss on Valuation of Finis |
- |
-6.9 |
-5.0 |
- |
- |
|
Semi-Finish Good |
275.5 |
236.9 |
159.1 |
154.7 |
162.9 |
|
Work in Progress |
3.0 |
0.9 |
0.5 |
0.5 |
1.5 |
|
Raw Materials |
549.8 |
503.6 |
393.8 |
346.1 |
457.1 |
|
Allowance for Loss on Valuation of Raw M |
- |
-0.9 |
-0.6 |
- |
- |
|
Supplies |
62.2 |
53.2 |
46.4 |
43.2 |
50.2 |
|
Goods in Transit |
180.0 |
184.4 |
131.2 |
137.3 |
109.2 |
|
Other Receivable |
96.8 |
53.5 |
52.5 |
79.2 |
128.4 |
|
Court Receivership Deposit |
10.8 |
4.9 |
87.0 |
- |
- |
|
Guarantee Deposit, Current |
6.7 |
6.4 |
0.1 |
- |
- |
|
Accrued Income |
1.9 |
3.9 |
2.8 |
2.4 |
4.0 |
|
Total Current Assets |
6,298.8 |
5,543.8 |
4,531.8 |
3,395.9 |
4,080.5 |
|
|
|
|
|
|
|
|
LT Financial Assets |
- |
- |
- |
0.0 |
0.1 |
|
Derivatives |
- |
0.0 |
15.5 |
- |
- |
|
Securities Available for Sale |
5.2 |
3.7 |
3.6 |
- |
- |
|
LT Trade Receivable |
- |
- |
0.0 |
0.2 |
0.7 |
|
Allowance for Doubtful Accounts for LT T |
- |
- |
0.0 |
- |
- |
|
Long-Term Trade Receivables, Net |
- |
- |
- |
0.2 |
0.2 |
|
Affiliates Stock |
285.1 |
188.2 |
188.5 |
98.7 |
101.8 |
|
Investment Securities |
- |
- |
- |
1.7 |
2.2 |
|
Court Receivership Deposit |
0.0 |
0.0 |
0.0 |
- |
- |
|
LT Loan |
0.6 |
0.6 |
0.2 |
0.5 |
0.6 |
|
Guarantee Deposits |
28.6 |
17.6 |
17.0 |
26.8 |
43.1 |
|
Other LT Assets |
- |
- |
- |
47.5 |
59.4 |
|
Long-Term Prepaid Expenses |
39.9 |
40.4 |
32.2 |
37.4 |
52.7 |
|
Other Investment Assets |
0.0 |
0.0 |
0.3 |
- |
- |
|
Futures-Debit |
- |
- |
- |
41.2 |
1.7 |
|
Deferred Income Tax, Debit |
- |
- |
- |
22.1 |
3.5 |
|
Buildings-Net |
- |
- |
- |
913.9 |
1,099.4 |
|
Land |
525.1 |
390.7 |
371.1 |
407.5 |
547.6 |
|
Buildings |
1,532.5 |
1,300.0 |
1,093.1 |
- |
- |
|
Buildings-Depreciation |
-253.6 |
-228.1 |
-189.4 |
- |
- |
|
Buildings-Reduction |
0.0 |
-3.7 |
-5.9 |
- |
- |
|
Structures-Net |
- |
- |
- |
303.1 |
388.4 |
|
Structures |
575.9 |
556.9 |
503.8 |
- |
- |
|
Structures-Depreciation |
-261.7 |
-245.1 |
-210.4 |
- |
- |
|
Structures-Reduction |
0.0 |
0.0 |
0.0 |
- |
- |
|
Machinery & Equipment-Net |
- |
- |
- |
1,922.6 |
2,302.0 |
|
Machinery & Equipment |
6,545.2 |
6,104.6 |
5,113.9 |
- |
- |
|
Machinery & Equipment-Depreciation |
-4,126.2 |
-3,852.4 |
-3,195.9 |
- |
- |
|
Machinery & Equipment-Redcution |
-8.3 |
-23.1 |
-9.2 |
- |
- |
|
Vehicles & Transportation Equipment-Net |
- |
- |
- |
11.0 |
10.4 |
|
Vehicles & Transportation Equipment |
35.8 |
30.3 |
31.3 |
- |
- |
|
Vehicles & Transportation Equipment-Depr |
-24.6 |
-22.9 |
-21.4 |
- |
- |
|
Tools & Equipments-Net |
- |
- |
- |
163.2 |
200.6 |
|
Tools & Equipments |
410.9 |
329.8 |
268.5 |
- |
- |
|
Tools & Equipments-Depreciation |
-232.0 |
-198.4 |
-164.3 |
- |
- |
|
Tools & Equipments-Redcution |
-3.5 |
-3.6 |
-3.5 |
- |
- |
|
Fixtures-Net |
- |
- |
- |
50.7 |
66.4 |
|
Fixtures |
173.9 |
158.6 |
137.1 |
- |
- |
|
Fixtures-Depreciation |
-115.6 |
-107.5 |
-96.9 |
- |
- |
|
Fixtures-Redcution |
-0.1 |
-0.1 |
-0.1 |
- |
- |
|
Other Tangible Assets-Net |
- |
- |
- |
0.0 |
- |
|
Other Tangible Assets |
161.6 |
83.4 |
15.4 |
- |
- |
|
Depreciation-Other Tangible Assets |
-61.5 |
-29.1 |
-6.3 |
- |
- |
|
Construction in Progress |
1,294.0 |
815.5 |
444.5 |
281.0 |
316.9 |
|
Construction in Progress-Reduction |
-30.2 |
-30.7 |
-29.9 |
- |
- |
|
Machines in Transit |
265.4 |
148.9 |
55.3 |
64.0 |
21.5 |
|
Usage Rights on Facility |
- |
- |
- |
7.0 |
8.6 |
|
Development Costs |
29.5 |
22.7 |
20.9 |
37.1 |
49.1 |
|
Industrial Property Rights |
53.7 |
49.1 |
40.5 |
25.7 |
26.3 |
|
Goodwill |
29.0 |
29.4 |
28.7 |
27.3 |
12.7 |
|
Membership Right |
44.4 |
43.4 |
40.1 |
- |
- |
|
Other Intangible |
23.2 |
14.1 |
9.0 |
29.7 |
31.6 |
|
Negative Goodwill |
- |
- |
- |
-186.6 |
-292.9 |
|
Deferred Income Tax, Debit |
28.0 |
39.9 |
14.0 |
- |
- |
|
Total Assets |
13,268.7 |
11,167.0 |
9,043.2 |
7,729.4 |
9,134.9 |
|
|
|
|
|
|
|
|
Trade Payable |
1,304.8 |
1,147.7 |
941.2 |
536.8 |
1,074.4 |
|
Other Payables |
824.8 |
723.8 |
583.2 |
448.6 |
636.7 |
|
Dividend Payable |
1.0 |
0.0 |
0.1 |
0.4 |
0.0 |
|
Advances Received |
18.9 |
24.8 |
27.8 |
22.4 |
16.3 |
|
Unearned Income |
10.8 |
9.3 |
8.6 |
8.6 |
7.1 |
|
VAT Withheld |
- |
1.9 |
- |
- |
- |
|
Deposits Withheld |
39.1 |
30.9 |
35.1 |
39.1 |
64.3 |
|
Inc. Taxes Pay. |
251.3 |
361.0 |
172.0 |
284.1 |
266.9 |
|
Accrued Expenses |
- |
- |
- |
59.8 |
55.3 |
|
Other Current Liabilities |
48.2 |
19.0 |
8.7 |
0.0 |
0.0 |
|
Current Borrowings |
1,260.3 |
- |
- |
647.9 |
574.9 |
|
Discount Notes |
- |
759.8 |
815.3 |
- |
- |
|
Bank Borrowings |
- |
350.3 |
295.2 |
- |
- |
|
Current Portion of Long-Term Debts |
130.1 |
122.9 |
135.9 |
549.6 |
428.6 |
|
Current Portion of Long-term Borrowings |
203.1 |
193.3 |
325.9 |
- |
- |
|
Current Portion of Capital Leases |
1.7 |
1.6 |
1.4 |
- |
- |
|
Liabilities Reserve |
6.3 |
4.4 |
4.5 |
- |
- |
|
Derivatives in Liabilities, Current |
0.5 |
18.1 |
0.0 |
- |
- |
|
Total Current Liability |
4,100.6 |
3,769.0 |
3,355.0 |
2,597.2 |
3,124.7 |
|
|
|
|
|
|
|
|
LT Borrowings |
334.3 |
285.3 |
252.0 |
693.2 |
795.4 |
|
Bonds |
259.3 |
131.8 |
236.6 |
286.7 |
730.7 |
|
Capital Lease Payable |
4.5 |
6.4 |
7.7 |
- |
- |
|
Total Long Term Debt |
598.2 |
423.4 |
496.3 |
979.9 |
1,526.2 |
|
|
|
|
|
|
|
|
Derivative Products in Liabilities |
0.1 |
1.4 |
30.1 |
28.9 |
3.4 |
|
LT Accounts Pay |
35.9 |
42.1 |
25.3 |
- |
28.3 |
|
LT Trade Account Payable |
- |
- |
- |
0.0 |
0.0 |
|
Security Deposits |
- |
- |
- |
4.7 |
6.7 |
|
Deferred Income Tax, Credit |
52.4 |
12.6 |
0.0 |
30.5 |
20.1 |
|
Reserve for Group Severance and Retireme |
- |
- |
- |
76.8 |
105.2 |
|
Provisions for Retirement and Severance |
52.8 |
7.2 |
46.7 |
- |
- |
|
Other LT Liabilities |
- |
- |
0.2 |
0.0 |
0.0 |
|
Non-Current Provisions |
2.0 |
- |
- |
- |
- |
|
Minority Interest |
133.9 |
123.7 |
100.9 |
129.4 |
177.2 |
|
Total Liabilities |
4,975.8 |
4,379.2 |
4,054.5 |
3,847.3 |
4,991.9 |
|
|
|
|
|
|
|
|
Common Stock |
- |
292.0 |
284.6 |
298.7 |
401.9 |
|
Preferred Stock |
- |
33.6 |
32.8 |
34.4 |
46.3 |
|
Capital Stock |
320.7 |
- |
- |
- |
- |
|
Voluntary Reserve |
- |
- |
- |
1,555.1 |
1,559.8 |
|
Legal Reserve |
- |
- |
- |
58.3 |
60.6 |
|
Other Capital Surplus |
- |
- |
- |
207.9 |
266.8 |
|
Paid-in Capital in Excess of Par |
- |
- |
- |
835.7 |
1,124.6 |
|
Cons Capital Sur |
1,005.0 |
1,020.2 |
994.2 |
- |
- |
|
Retained Earning Carried Forward |
- |
- |
- |
797.6 |
730.9 |
|
Other Capital Adjustment |
- |
- |
- |
0.3 |
- |
|
Capital Change, Equity Method |
- |
- |
- |
12.5 |
0.0 |
|
Capital Change, Equity Method (Loss) |
- |
- |
- |
-0.8 |
-3.7 |
|
L-Derivatives Valuation |
- |
- |
- |
-12.7 |
-0.4 |
|
Overseas Business Trans. Debit/Credit |
- |
- |
- |
107.0 |
-16.3 |
|
Treasury Stock |
-13.4 |
-13.6 |
-13.3 |
-11.9 |
-25.1 |
|
Consolidated Capital Transaction |
-0.2 |
-0.2 |
0.2 |
- |
- |
|
Loss on Capital Reduction |
- |
- |
-398.7 |
- |
- |
|
Appropriated Retained Earnings for Statu |
- |
135.2 |
84.5 |
- |
- |
|
Appropriated Retained Earnings for Volun |
- |
3,073.9 |
2,343.7 |
- |
- |
|
Retained Earnings or Accumulated Deficit |
6,990.7 |
2,301.5 |
1,724.9 |
- |
- |
|
Other Adjustment |
- |
- |
- |
- |
-2.4 |
|
Accumulated Other Comprehensive Income |
-9.9 |
-54.6 |
-64.0 |
- |
- |
|
Total Equity |
8,293.0 |
6,787.8 |
4,988.7 |
3,882.1 |
4,143.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
13,268.7 |
11,167.0 |
9,043.2 |
7,729.4 |
9,134.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
65.9 |
65.9 |
65.9 |
65.9 |
65.7 |
|
Total Common Shares Outstandin |
65.9 |
65.9 |
65.9 |
65.9 |
65.7 |
|
T/S-Common Stock |
0.4 |
0.4 |
0.4 |
0.3 |
0.5 |
|
S/O-Preferred Stock |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Total Preferred Shares Outstan |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
T/S-Preferred Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
29.6 |
34.2 |
36.3 |
31.0 |
23.4 |
|
Full-Time Employees |
10,722 |
9,304 |
8,194 |
10,698 |
10,780 |
|
Number of Common Shareholders |
- |
90,994 |
- |
46,173 |
38,937 |
|
Long-Term Debts Due in 1 Year |
- |
316.2 |
- |
550.1 |
429.4 |
|
Long-Term Debts Due in 2 Years |
- |
- |
- |
404.4 |
584.0 |
|
Long-Term Debts Due in 3 Years |
- |
- |
- |
184.2 |
389.4 |
|
Long-Term Debts Due in 4 Years |
- |
- |
- |
72.8 |
84.8 |
|
Long-Term Debts Due Remaining |
- |
- |
- |
70.8 |
123.1 |
|
Total Long Term Debt, Supplemental |
- |
316.2 |
- |
1,282.3 |
1,610.7 |
|
Capital Lease Payments Due within 1 Year |
1.7 |
1.6 |
1.4 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
4.5 |
6.4 |
7.7 |
- |
- |
|
Total Capital Leases |
6.3 |
8.0 |
9.2 |
- |
- |
|
Optg leases-year 1 |
- |
- |
- |
- |
4.7 |
|
Optg leases-year 3 |
- |
- |
- |
- |
4.8 |
|
Total Operating Leases |
- |
- |
- |
- |
9.4 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
2,524.3 |
2,437.5 |
1,544.5 |
895.9 |
899.6 |
|
Depreciation |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Amortization of Intangibles |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
Stock Compensation Expense |
- |
- |
- |
1.2 |
12.8 |
|
Retirement Allowance |
39.7 |
34.2 |
35.4 |
59.3 |
73.3 |
|
Provision-Doubtful Account |
- |
- |
- |
1.3 |
7.3 |
|
Interest Paid |
-79.5 |
-70.8 |
-90.1 |
- |
- |
|
Tax Paid |
-621.5 |
-366.2 |
-459.0 |
- |
- |
|
Amort-Otr Bad Debt E |
- |
- |
- |
0.0 |
- |
|
Financial Income |
-111.1 |
-66.3 |
-85.9 |
- |
- |
|
Financial Expense |
149.3 |
97.4 |
91.2 |
- |
- |
|
Gain-Foreign Exchange Transaction |
7.6 |
-16.8 |
-118.0 |
- |
- |
|
Loss-Depletion of Inventory |
- |
- |
- |
- |
0.0 |
|
L-For Currency Translatn |
- |
- |
- |
226.8 |
15.2 |
|
L-Inv.Asset Disposal |
- |
- |
- |
0.2 |
0.1 |
|
Loss-Reduction of Tangible Assets |
- |
- |
- |
0.0 |
13.4 |
|
L-Tangible Asst Disp |
- |
- |
- |
13.0 |
39.7 |
|
Loss-Disposal of Trade Receivable |
- |
- |
- |
36.0 |
39.2 |
|
G-Tangible Asst Disp |
-2.1 |
-4.0 |
-0.6 |
-6.5 |
-10.0 |
|
Other Non-Operating Expense |
- |
- |
- |
12.0 |
1.6 |
|
Accrued Interest Expense |
- |
- |
- |
1.8 |
7.3 |
|
L-LT Investment Secs. Disposal |
- |
- |
- |
0.0 |
0.6 |
|
L-LT Investment Secs. Reduction |
- |
- |
- |
- |
0.0 |
|
Loss under Equity Method |
- |
- |
- |
5.5 |
3.1 |
|
Loss-Reduction of Intangible Assets |
- |
- |
- |
0.2 |
23.3 |
|
L-Tang Asset Disp |
6.0 |
10.4 |
26.6 |
- |
- |
|
Gain-Disposal of Intangible Assets |
- |
0.0 |
-0.5 |
-0.1 |
0.0 |
|
L-Intang Asset Disp |
0.0 |
0.6 |
0.9 |
1.0 |
1.1 |
|
Other Expense |
-9.2 |
-35.3 |
90.6 |
- |
- |
|
L-Derivatives Valuation |
- |
- |
- |
23.1 |
- |
|
Gain on Foreign Exchange Translation |
- |
- |
- |
-51.3 |
-31.2 |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
- |
-0.3 |
|
Interest Received |
26.3 |
22.1 |
18.8 |
-0.1 |
-0.2 |
|
Rvrs-Bad Debt Expenses |
- |
- |
- |
-6.1 |
-0.6 |
|
Other Non-Operating Income |
- |
- |
- |
-0.8 |
0.0 |
|
G-Equity Method Valuation |
- |
- |
- |
-6.1 |
-10.3 |
|
Recovery of Negative Goodwill |
- |
- |
- |
-35.6 |
-42.2 |
|
Gain-Derivatives Valuation |
- |
- |
- |
-59.4 |
-3.0 |
|
Gain-Disp. of Securities/Equity Method |
- |
- |
- |
- |
-0.8 |
|
Gain-Derivatives Transaction |
- |
- |
- |
-57.5 |
- |
|
Inventories |
-248.8 |
-461.8 |
47.2 |
-255.8 |
-232.3 |
|
Trade Receivables |
-481.7 |
-134.9 |
-504.6 |
-33.1 |
-276.9 |
|
Other Receivables |
-32.9 |
6.6 |
-12.4 |
15.4 |
7.6 |
|
Accrued Income |
- |
- |
- |
0.6 |
-1.9 |
|
Advance Payments |
- |
- |
- |
8.2 |
15.6 |
|
Prepaid Expenses |
- |
- |
- |
-4.9 |
-4.3 |
|
Prepaid Taxes |
- |
- |
- |
1.9 |
-0.4 |
|
Other Quick Assets |
- |
- |
- |
-0.9 |
-1.9 |
|
LT Prepaid Expense |
- |
- |
- |
- |
0.3 |
|
Trade Payables |
155.7 |
108.1 |
569.3 |
-445.4 |
67.9 |
|
Other Payables |
95.4 |
138.4 |
143.5 |
-53.9 |
6.3 |
|
Advances Received |
- |
- |
- |
14.8 |
4.4 |
|
Deposits Withheld |
- |
- |
- |
-13.1 |
6.2 |
|
Settlement of Drivative Tansactions |
-24.6 |
-16.3 |
9.3 |
- |
- |
|
Accrued Expenses |
- |
- |
- |
20.2 |
-16.3 |
|
Accrued Inc Tax |
- |
- |
- |
98.9 |
155.0 |
|
Unearned Income |
- |
- |
- |
2.5 |
2.8 |
|
Dividend Income, A/L |
1.7 |
1.0 |
1.1 |
- |
0.1 |
|
Insurance Settlement Proceeds |
- |
- |
- |
69.8 |
- |
|
Payment-Retirement Bonus |
- |
- |
- |
-61.2 |
-71.0 |
|
Reserve-Severance & Retirement Benefit |
- |
- |
- |
0.6 |
0.9 |
|
Nation Pension Fund |
- |
- |
- |
0.7 |
1.1 |
|
LT Accrued Expense |
- |
- |
- |
- |
25.9 |
|
Retirement Insurance |
- |
- |
- |
-1.1 |
-13.9 |
|
Retiremt Allow Paymt |
-41.3 |
-96.7 |
-44.1 |
- |
- |
|
Other Operating Cash Flow |
-14.2 |
-0.3 |
10.9 |
- |
- |
|
Deferred Taxes-Current Asset |
- |
- |
- |
-35.6 |
-28.0 |
|
Deferred Income Tax Debit |
- |
- |
- |
-7.7 |
-10.0 |
|
Deferred Income Tax Credit, A/L |
- |
- |
- |
-17.4 |
-79.6 |
|
Cash from Operating Activities |
2,022.2 |
2,168.3 |
1,732.3 |
894.5 |
1,269.1 |
|
|
|
|
|
|
|
|
Dec-LT Loans |
- |
- |
- |
0.0 |
0.8 |
|
Decrease Ohter Receivable |
93.5 |
247.0 |
118.0 |
- |
- |
|
Decrease-LT Receivable |
11.4 |
6.8 |
2.7 |
- |
- |
|
Decrease-Other Non-Current Assets |
- |
- |
0.2 |
- |
- |
|
Decrease-Investment Securities |
- |
- |
- |
0.1 |
0.0 |
|
Disposal-Securities under Equity Method |
- |
- |
- |
- |
1.7 |
|
Disposal-ST Investment Assets |
- |
- |
- |
121.8 |
5.9 |
|
Decreased Ohter LT Financial Assets |
0.0 |
0.5 |
5.7 |
- |
- |
|
Dec-LT Finl Asset |
- |
- |
- |
0.1 |
0.0 |
|
Decrease-Derivatives |
- |
- |
- |
58.5 |
- |
|
Dec-Guarantee Deposits |
- |
- |
- |
29.3 |
12.8 |
|
Decrease-Tangible Assets |
4.4 |
4.4 |
29.2 |
- |
- |
|
Disp-Land |
- |
- |
- |
6.9 |
12.2 |
|
Disposal of Building |
- |
- |
- |
0.8 |
1.2 |
|
Disp-Structure |
- |
- |
- |
0.0 |
0.0 |
|
Disp-Machinery |
- |
- |
- |
14.7 |
6.3 |
|
Disp-Vehicles |
- |
- |
- |
0.6 |
0.8 |
|
Disp-Tools/Equipment |
- |
- |
- |
3.4 |
3.1 |
|
Disp-Fixtures |
- |
- |
- |
0.2 |
0.1 |
|
Decrease-Intangible Assets |
- |
0.2 |
0.6 |
0.5 |
0.5 |
|
Increase-ST Investment Assets |
- |
- |
- |
-134.8 |
-120.1 |
|
Increase-Other Receivables |
-99.8 |
-164.3 |
-83.7 |
- |
- |
|
Inc-LT Finl Asset |
-1.6 |
-0.5 |
-3.1 |
- |
- |
|
Increase in LT Other Receivable |
-22.8 |
-11.3 |
-3.5 |
- |
- |
|
Increase-ST Guarantee Deposit |
- |
- |
- |
-0.7 |
0.0 |
|
Decrease-Other LT Assets |
- |
- |
- |
21.2 |
1.8 |
|
Decrease-Other LT Assets |
- |
- |
- |
-24.0 |
-23.9 |
|
Increase-Investment Securities |
- |
- |
- |
-0.5 |
0.0 |
|
Inc-Affiliates Stock |
- |
-53.6 |
- |
-0.8 |
- |
|
Inc-Investment Securities in Affiliates |
-37.4 |
-12.3 |
-15.8 |
- |
- |
|
Inc-Guarantee Dep |
- |
- |
- |
-21.9 |
-10.9 |
|
Increase-Other Non-Current Assets |
- |
- |
-0.1 |
- |
- |
|
Inc-LT Loans |
- |
- |
- |
-0.1 |
-1.0 |
|
Increase-Tangible Assets |
-1,981.6 |
-1,398.6 |
-861.3 |
- |
- |
|
Acq-Building |
- |
- |
- |
-0.2 |
0.0 |
|
Acq-Structure |
- |
- |
- |
-0.3 |
-0.1 |
|
Acq-Machinery |
- |
- |
- |
-9.0 |
-2.8 |
|
Acq-Transportation |
- |
- |
- |
-0.8 |
-0.8 |
|
Acq-Tools/Equipmt |
- |
- |
- |
-13.2 |
-16.7 |
|
Acq-Fixtures |
- |
- |
- |
-4.2 |
-7.4 |
|
Acq-Constructn Prog |
- |
- |
- |
-648.7 |
-631.5 |
|
Acq-Mach. in Transit |
- |
- |
- |
-146.3 |
-67.8 |
|
Acq-Intangibles |
-24.5 |
-21.0 |
-18.4 |
-38.7 |
-20.9 |
|
Cash from Investing Activities |
-2,058.4 |
-1,402.7 |
-829.6 |
-786.2 |
-856.7 |
|
|
|
|
|
|
|
|
Inc-ST Borrowings |
- |
- |
- |
296.5 |
266.3 |
|
Increase-Borrowings |
1,242.3 |
200.4 |
111.5 |
- |
- |
|
Inc-Bonds |
- |
- |
- |
131.4 |
101.2 |
|
Inc-LT Borrowing |
- |
- |
- |
106.4 |
225.8 |
|
Proceeds from Issuance of Bonds |
- |
- |
234.0 |
- |
- |
|
Dec-ST Borrowings |
- |
- |
- |
-17.8 |
-144.3 |
|
Payment-Dividends |
-287.6 |
-242.1 |
-165.0 |
-151.7 |
-78.5 |
|
Dec-Curr LT Liabs |
- |
- |
- |
-578.6 |
-507.2 |
|
Dec-LT Borrowings |
- |
- |
- |
-4.5 |
-32.3 |
|
Increase-Security Deposit Received |
- |
- |
- |
0.2 |
0.5 |
|
Acq-Treasury Stock |
- |
0.0 |
-1.8 |
- |
- |
|
Disposal-Treasury Stock |
- |
- |
- |
19.5 |
- |
|
Redemption-Borrowings |
-891.2 |
-501.3 |
-469.1 |
- |
- |
|
Decrease-Security Deposit |
- |
- |
- |
-0.6 |
-1.0 |
|
Dec-Minority Interest |
- |
- |
- |
-19.9 |
-37.5 |
|
Consolid Scope Adj. |
- |
- |
- |
0.0 |
-205.0 |
|
Cash Inflow-Merger |
- |
- |
- |
- |
209.2 |
|
Subsidiaries' Capital Increase |
- |
3.0 |
5.4 |
- |
- |
|
Decrease in Derivatives |
-6.7 |
- |
22.3 |
- |
- |
|
Cash Outflow-Business Spin-Off |
- |
- |
-181.3 |
- |
- |
|
Cash from Financing Activities |
56.9 |
-540.0 |
-444.0 |
-219.0 |
-202.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-10.4 |
0.5 |
5.8 |
41.5 |
9.2 |
|
Net Change in Cash |
10.2 |
226.1 |
464.5 |
-69.3 |
218.8 |
|
|
|
|
|
|
|
|
Cash Interest Paid |
79.5 |
70.8 |
90.1 |
- |
- |
|
Cash Taxes Paid |
621.5 |
366.2 |
459.0 |
- |
- |
|
Net Cash - Beginning Balance |
1,234.8 |
957.0 |
402.4 |
536.6 |
416.7 |
|
Net Cash - Ending Balance |
1,245.0 |
1,183.1 |
867.0 |
467.3 |
635.5 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
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|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
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|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
20,467.3 |
16,839.7 |
12,160.0 |
13,141.4 |
12,193.1 |
|
Revenue |
20,467.3 |
16,839.7 |
12,160.0 |
13,141.4 |
12,193.1 |
|
Other Revenue |
- |
- |
- |
83.5 |
90.8 |
|
Other Revenue, Total |
- |
- |
- |
83.5 |
90.8 |
|
Total Revenue |
20,467.3 |
16,839.7 |
12,160.0 |
13,224.9 |
12,283.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
16,784.0 |
13,381.3 |
9,606.0 |
11,175.7 |
10,262.7 |
|
Cost of Revenue, Total |
16,784.0 |
13,381.3 |
9,606.0 |
11,175.7 |
10,262.7 |
|
Gross Profit |
3,683.3 |
3,458.4 |
2,554.0 |
1,965.7 |
1,930.4 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
777.8 |
704.8 |
556.1 |
561.3 |
547.3 |
|
Labor & Related Expense |
293.2 |
240.9 |
194.6 |
207.6 |
234.6 |
|
Advertising Expense |
16.6 |
9.9 |
8.2 |
9.9 |
10.9 |
|
Total Selling/General/Administrative Expenses |
1,087.6 |
955.6 |
758.9 |
778.8 |
792.8 |
|
Research & Development |
- |
- |
- |
25.5 |
24.5 |
|
Depreciation |
43.7 |
36.0 |
31.6 |
31.8 |
38.4 |
|
Amortization of Intangibles |
9.8 |
10.7 |
7.3 |
12.8 |
18.7 |
|
Depreciation/Amortization |
53.5 |
46.7 |
39.0 |
44.6 |
57.1 |
|
Investment Income -
Operating |
13.7 |
19.4 |
59.0 |
- |
0.0 |
|
Interest/Investment Income - Operating |
13.7 |
19.4 |
59.0 |
- |
0.0 |
|
Interest Expense (Income) - Net Operating Total |
13.7 |
19.4 |
59.0 |
- |
0.0 |
|
Loss (Gain) on Sale of Assets - Operating |
3.9 |
7.0 |
21.3 |
- |
- |
|
Unusual Expense (Income) |
3.9 |
7.0 |
21.3 |
- |
- |
|
Other Operating Expense |
6.4 |
19.6 |
55.1 |
- |
- |
|
Other, Net |
-41.1 |
-30.0 |
-22.9 |
- |
- |
|
Other Operating Expenses, Total |
-34.7 |
-10.4 |
32.2 |
- |
- |
|
Total Operating Expense |
17,908.0 |
14,399.7 |
10,516.5 |
12,024.5 |
11,137.1 |
|
|
|
|
|
|
|
|
Operating Income |
2,559.3 |
2,440.0 |
1,643.5 |
1,200.4 |
1,146.8 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-60.6 |
-53.0 |
-81.4 |
-88.6 |
-127.0 |
|
Interest Expense, Net Non-Operating |
-60.6 |
-53.0 |
-81.4 |
-88.6 |
-127.0 |
|
Interest Income -
Non-Operating |
24.7 |
23.1 |
14.9 |
5.4 |
22.3 |
|
Investment Income -
Non-Operating |
28.8 |
38.5 |
10.7 |
-82.8 |
1.6 |
|
Interest/Investment Income - Non-Operating |
53.6 |
61.6 |
25.7 |
-77.4 |
23.9 |
|
Interest Income (Expense) - Net Non-Operating Total |
-7.0 |
8.7 |
-55.7 |
-166.0 |
-103.1 |
|
Gain (Loss) on Sale of Assets |
- |
- |
- |
-38.8 |
-43.8 |
|
Other Non-Operating Income (Expense) |
-28.0 |
-11.2 |
-8.8 |
80.8 |
34.5 |
|
Other, Net |
-28.0 |
-11.2 |
-8.8 |
80.8 |
34.5 |
|
Income Before Tax |
2,524.3 |
2,437.5 |
1,579.0 |
1,076.3 |
1,034.3 |
|
|
|
|
|
|
|
|
Total Income Tax |
565.9 |
535.1 |
347.2 |
242.4 |
221.1 |
|
Income After Tax |
1,958.4 |
1,902.4 |
1,231.8 |
833.8 |
813.2 |
|
|
|
|
|
|
|
|
Minority Interest |
-28.7 |
-35.9 |
-24.0 |
15.1 |
-158.5 |
|
Net Income Before Extraord Items |
1,929.7 |
1,866.5 |
1,207.8 |
848.9 |
654.7 |
|
Discontinued Operations |
- |
- |
-0.3 |
62.1 |
86.4 |
|
Extraord Items |
- |
- |
0.0 |
- |
- |
|
Total Extraord Items |
- |
- |
-0.3 |
62.1 |
86.4 |
|
Net Income |
1,929.7 |
1,866.5 |
1,207.4 |
911.0 |
741.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-200.4 |
-193.8 |
-125.4 |
-94.9 |
-84.5 |
|
Total Adjustments to Net Income |
-200.4 |
-193.8 |
-125.4 |
-94.9 |
-84.5 |
|
Income Available to Common Excl Extraord Items |
1,729.4 |
1,672.7 |
1,082.3 |
754.0 |
570.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1,729.4 |
1,672.7 |
1,082.0 |
816.0 |
656.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
65.9 |
65.9 |
68.1 |
65.8 |
57.8 |
|
Basic EPS Excl Extraord Items |
26.24 |
25.38 |
15.89 |
11.46 |
9.86 |
|
Basic/Primary EPS Incl Extraord Items |
26.24 |
25.38 |
15.88 |
12.40 |
11.36 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1,729.4 |
1,672.7 |
1,082.0 |
816.0 |
656.6 |
|
Diluted Weighted Average Shares |
65.9 |
65.9 |
68.1 |
65.8 |
57.8 |
|
Diluted EPS Excl Extraord Items |
26.24 |
25.38 |
15.89 |
11.46 |
9.86 |
|
Diluted EPS Incl Extraord Items |
26.24 |
25.38 |
15.88 |
12.40 |
11.36 |
|
Dividends per Share - Common Stock Primary Issue |
3.61 |
3.46 |
2.74 |
2.58 |
2.44 |
|
Gross Dividends - Common Stock |
238.0 |
228.0 |
180.7 |
170.0 |
160.6 |
|
Interest Expense, Supplemental |
60.6 |
53.0 |
81.4 |
88.6 |
127.0 |
|
Interest Capitalized, Supplemental |
-20.4 |
-16.1 |
-7.3 |
- |
- |
|
Depreciation, Supplemental |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Total Special Items |
3.9 |
7.0 |
21.3 |
38.8 |
43.8 |
|
Normalized Income Before Tax |
2,528.2 |
2,444.5 |
1,600.3 |
1,115.1 |
1,078.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.9 |
1.5 |
4.7 |
8.7 |
9.4 |
|
Inc Tax Ex Impact of Sp Items |
566.8 |
536.6 |
351.9 |
251.2 |
230.5 |
|
Normalized Income After Tax |
1,961.4 |
1,907.9 |
1,248.4 |
863.9 |
847.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,732.4 |
1,678.2 |
1,098.9 |
784.1 |
604.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
26.28 |
25.46 |
16.13 |
11.92 |
10.46 |
|
Diluted Normalized EPS |
26.28 |
25.46 |
16.13 |
11.92 |
10.46 |
|
Amort of Intangibles, Supplemental |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
Rental Expenses |
- |
- |
- |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
16.6 |
9.9 |
8.2 |
9.9 |
10.9 |
|
Research & Development Exp, Supplemental |
- |
- |
- |
25.5 |
24.5 |
|
Normalized EBIT |
2,577.0 |
2,466.5 |
1,723.8 |
1,200.4 |
1,146.8 |
|
Normalized EBITDA |
3,259.9 |
3,047.7 |
2,182.0 |
1,737.6 |
1,819.5 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Calculated |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1131.034971 |
1145.271505 |
1082.999462 |
1083.436022 |
1120.28956 |
|
|
|
|
|
|
|
|
Net Sales |
5,086.6 |
4,888.7 |
5,434.8 |
5,261.0 |
4,901.3 |
|
Revenue |
5,086.6 |
4,888.7 |
5,434.8 |
5,261.0 |
4,901.3 |
|
Total Revenue |
5,086.6 |
4,888.7 |
5,434.8 |
5,261.0 |
4,901.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
4,406.0 |
4,151.6 |
4,483.1 |
4,266.7 |
3,893.8 |
|
Cost of Revenue, Total |
4,406.0 |
4,151.6 |
4,483.1 |
4,266.7 |
3,893.8 |
|
Gross Profit |
680.6 |
737.1 |
951.7 |
994.3 |
1,007.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
285.6 |
293.6 |
290.1 |
291.6 |
265.8 |
|
Total Selling/General/Administrative Expenses |
285.6 |
293.6 |
290.1 |
291.6 |
265.8 |
|
Other Operating Expense |
67.3 |
38.8 |
248.4 |
45.6 |
65.4 |
|
Other, Net |
-78.5 |
-32.2 |
-255.7 |
-58.5 |
-69.4 |
|
Other Operating Expenses, Total |
-11.3 |
6.5 |
-7.3 |
-13.0 |
-4.0 |
|
Total Operating Expense |
4,680.3 |
4,451.7 |
4,766.0 |
4,545.3 |
4,155.7 |
|
|
|
|
|
|
|
|
Operating Income |
406.2 |
436.9 |
668.8 |
715.7 |
745.6 |
|
|
|
|
|
|
|
|
Investment Income -
Non-Operating |
2.9 |
4.8 |
3.5 |
3.1 |
2.3 |
|
Interest/Investment Income - Non-Operating |
2.9 |
4.8 |
3.5 |
3.1 |
2.3 |
|
Interest Income (Expense) - Net Non-Operating |
-14.5 |
11.5 |
-46.5 |
7.9 |
5.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-11.6 |
16.3 |
-42.9 |
11.0 |
7.3 |
|
Other Non-Operating Income (Expense) |
-5.4 |
-15.0 |
-9.4 |
-1.0 |
-2.3 |
|
Other, Net |
-5.4 |
-15.0 |
-9.4 |
-1.0 |
-2.3 |
|
Income Before Tax |
389.2 |
438.3 |
616.5 |
725.6 |
750.6 |
|
|
|
|
|
|
|
|
Total Income Tax |
52.5 |
109.1 |
144.1 |
149.2 |
164.5 |
|
Income After Tax |
336.7 |
329.2 |
472.4 |
576.4 |
586.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-4.8 |
-1.4 |
-1.5 |
-9.7 |
-16.1 |
|
Net Income Before Extraord Items |
331.9 |
327.8 |
470.9 |
566.7 |
569.9 |
|
Net Income |
331.9 |
327.8 |
470.9 |
566.7 |
569.9 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-34.5 |
-34.1 |
-48.9 |
-58.8 |
-59.2 |
|
Total Adjustments to Net Income |
-34.5 |
-34.1 |
-48.9 |
-58.8 |
-59.2 |
|
Income Available to Common Excl Extraord Items |
297.4 |
293.7 |
422.0 |
507.9 |
510.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
297.4 |
293.7 |
422.0 |
507.9 |
510.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
65.9 |
65.9 |
65.9 |
65.9 |
65.9 |
|
Basic EPS Excl Extraord Items |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Basic/Primary EPS Incl Extraord Items |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
297.4 |
293.7 |
422.0 |
507.9 |
510.8 |
|
Diluted Weighted Average Shares |
65.9 |
65.9 |
65.9 |
65.9 |
65.9 |
|
Diluted EPS Excl Extraord Items |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Diluted EPS Incl Extraord Items |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
3.49 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
230.2 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
17.0 |
15.4 |
15.5 |
13.7 |
15.9 |
|
Interest Capitalized, Supplemental |
-4.5 |
-5.8 |
-5.4 |
-5.0 |
-4.2 |
|
Depreciation, Supplemental |
173.1 |
168.6 |
168.6 |
172.8 |
159.0 |
|
Normalized Income Before Tax |
389.2 |
438.3 |
616.5 |
725.6 |
750.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
52.5 |
109.1 |
144.1 |
149.2 |
164.5 |
|
Normalized Income After Tax |
336.7 |
329.2 |
472.4 |
576.4 |
586.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
297.4 |
293.7 |
422.0 |
507.9 |
510.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Diluted Normalized EPS |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Amort of Intangibles, Supplemental |
3.7 |
3.6 |
3.8 |
3.5 |
3.3 |
|
Advertising Expense, Supplemental |
2.4 |
9.7 |
1.7 |
2.7 |
2.3 |
|
Normalized EBIT |
406.2 |
436.9 |
668.8 |
715.7 |
745.6 |
|
Normalized EBITDA |
583.0 |
609.1 |
841.3 |
891.9 |
907.8 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1,197.4 |
1,205.4 |
950.3 |
408.3 |
630.9 |
|
Short Term Investments |
- |
- |
- |
118.3 |
113.9 |
|
Cash and Short Term Investments |
1,197.4 |
1,205.4 |
950.3 |
526.6 |
744.7 |
|
Accounts Receivable -
Trade, Gross |
2,710.3 |
2,235.7 |
1,973.7 |
1,262.6 |
1,595.8 |
|
Provision for Doubtful
Accounts |
-4.4 |
-6.4 |
-10.8 |
-30.7 |
-60.0 |
|
Trade Accounts Receivable - Net |
2,707.9 |
2,233.2 |
1,965.7 |
1,234.3 |
1,539.8 |
|
Other Receivables |
96.8 |
53.5 |
52.5 |
79.2 |
128.4 |
|
Total Receivables, Net |
2,804.6 |
2,286.7 |
2,018.1 |
1,313.5 |
1,668.2 |
|
Inventories - Finished Goods |
1,258.2 |
1,129.3 |
772.8 |
922.5 |
911.2 |
|
Inventories - Work In Progress |
278.5 |
237.8 |
159.6 |
155.2 |
164.4 |
|
Inventories - Raw Materials |
549.8 |
502.7 |
393.2 |
346.1 |
457.1 |
|
Inventories - Other |
97.2 |
76.9 |
80.9 |
62.2 |
76.9 |
|
Total Inventory |
2,183.7 |
1,946.8 |
1,406.5 |
1,486.0 |
1,609.5 |
|
Prepaid Expenses |
83.1 |
84.8 |
65.4 |
24.1 |
23.6 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
36.9 |
24.8 |
|
Other Current Assets |
30.0 |
20.1 |
91.5 |
8.7 |
9.6 |
|
Other Current Assets, Total |
30.0 |
20.1 |
91.5 |
45.6 |
34.4 |
|
Total Current Assets |
6,298.8 |
5,543.8 |
4,531.8 |
3,395.9 |
4,080.5 |
|
|
|
|
|
|
|
|
Buildings |
2,108.4 |
1,853.2 |
1,591.0 |
- |
- |
|
Land/Improvements |
525.1 |
390.7 |
371.1 |
407.5 |
547.6 |
|
Machinery/Equipment |
7,153.8 |
6,596.6 |
5,538.1 |
- |
- |
|
Construction in
Progress |
1,263.8 |
784.8 |
414.6 |
281.0 |
316.9 |
|
Other
Property/Plant/Equipment |
161.6 |
83.4 |
15.4 |
- |
- |
|
Property/Plant/Equipment - Gross |
11,212.6 |
9,708.8 |
7,930.2 |
688.5 |
864.4 |
|
Accumulated Depreciation |
-5,075.3 |
-4,683.6 |
-3,884.6 |
- |
- |
|
Property/Plant/Equipment - Net |
6,402.7 |
5,174.1 |
4,100.9 |
4,117.1 |
4,953.1 |
|
Goodwill, Net |
29.0 |
29.4 |
28.7 |
-159.3 |
-280.2 |
|
Intangibles, Net |
150.8 |
129.3 |
110.6 |
99.5 |
115.6 |
|
LT Investment - Affiliate Companies |
285.1 |
188.2 |
188.5 |
98.7 |
101.8 |
|
LT Investments - Other |
5.8 |
4.3 |
4.1 |
49.7 |
62.3 |
|
Long Term Investments |
290.9 |
192.5 |
192.6 |
148.4 |
164.1 |
|
Note Receivable - Long Term |
- |
- |
0.0 |
0.3 |
0.9 |
|
Deferred Income Tax - Long Term Asset |
28.0 |
39.9 |
14.0 |
22.1 |
3.5 |
|
Other Long Term Assets |
68.5 |
58.0 |
64.7 |
105.4 |
97.5 |
|
Other Long Term Assets, Total |
96.4 |
97.9 |
78.7 |
127.4 |
101.0 |
|
Total Assets |
13,268.7 |
11,167.0 |
9,043.2 |
7,729.4 |
9,134.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,304.8 |
1,147.7 |
941.2 |
536.8 |
1,074.4 |
|
Accrued Expenses |
- |
1.9 |
- |
59.8 |
55.3 |
|
Notes Payable/Short Term Debt |
1,260.3 |
1,110.1 |
1,110.5 |
647.9 |
574.9 |
|
Current Portion - Long Term Debt/Capital Leases |
334.9 |
317.8 |
463.3 |
549.6 |
428.6 |
|
Dividends Payable |
1.0 |
0.0 |
0.1 |
0.4 |
0.0 |
|
Customer Advances |
29.6 |
34.2 |
36.3 |
31.0 |
23.4 |
|
Income Taxes Payable |
251.3 |
361.0 |
172.0 |
284.1 |
266.9 |
|
Other Payables |
824.8 |
723.8 |
583.2 |
448.6 |
636.7 |
|
Other Current Liabilities |
94.0 |
72.4 |
48.4 |
39.1 |
64.4 |
|
Other Current liabilities, Total |
1,200.7 |
1,191.4 |
840.0 |
803.1 |
991.5 |
|
Total Current Liabilities |
4,100.6 |
3,769.0 |
3,355.0 |
2,597.2 |
3,124.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
593.6 |
417.0 |
488.5 |
979.9 |
1,526.2 |
|
Capital Lease Obligations |
4.5 |
6.4 |
7.7 |
- |
- |
|
Total Long Term Debt |
598.2 |
423.4 |
496.3 |
979.9 |
1,526.2 |
|
Total Debt |
2,193.3 |
1,851.3 |
2,070.1 |
2,177.4 |
2,529.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
52.4 |
12.6 |
0.0 |
30.5 |
20.1 |
|
Deferred Income Tax |
52.4 |
12.6 |
0.0 |
30.5 |
20.1 |
|
Minority Interest |
133.9 |
123.7 |
100.9 |
129.4 |
177.2 |
|
Reserves |
2.0 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
52.8 |
7.2 |
46.7 |
76.8 |
105.2 |
|
Other Long Term Liabilities |
36.0 |
43.5 |
55.6 |
33.6 |
38.4 |
|
Other Liabilities, Total |
90.8 |
50.6 |
102.3 |
110.4 |
143.6 |
|
Total Liabilities |
4,975.8 |
4,379.2 |
4,054.5 |
3,847.3 |
4,991.9 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
- |
33.6 |
32.8 |
34.4 |
46.3 |
|
Preferred Stock - Non Redeemable, Net |
- |
33.6 |
32.8 |
34.4 |
46.3 |
|
Common Stock |
320.7 |
292.0 |
284.6 |
298.7 |
401.9 |
|
Common Stock |
320.7 |
292.0 |
284.6 |
298.7 |
401.9 |
|
Additional Paid-In Capital |
1,005.0 |
1,020.2 |
994.2 |
1,043.7 |
1,391.3 |
|
Retained Earnings (Accumulated Deficit) |
6,990.7 |
5,510.5 |
4,153.0 |
2,411.0 |
2,351.4 |
|
Treasury Stock - Common |
-13.4 |
-13.6 |
-13.3 |
-11.9 |
-25.1 |
|
Unrealized Gain (Loss) |
- |
- |
- |
-1.0 |
-4.1 |
|
Translation Adjustment |
- |
- |
- |
107.0 |
-16.3 |
|
Other Equity |
-10.1 |
-54.8 |
-462.6 |
0.3 |
-2.4 |
|
Other Equity, Total |
-10.1 |
-54.8 |
-462.6 |
107.3 |
-18.7 |
|
Total Equity |
8,293.0 |
6,787.8 |
4,988.7 |
3,882.1 |
4,143.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
13,268.7 |
11,167.0 |
9,043.2 |
7,729.4 |
9,134.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
65.9 |
65.9 |
65.9 |
65.9 |
65.7 |
|
Total Common Shares Outstanding |
65.9 |
65.9 |
65.9 |
65.9 |
65.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.4 |
0.4 |
0.4 |
0.3 |
0.5 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Total Preferred Stock Outstanding |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Treasury Shares - Preferred Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
10,722 |
9,304 |
8,194 |
10,698 |
10,780 |
|
Number of Common Shareholders |
- |
90,994 |
- |
46,173 |
38,937 |
|
Deferred Revenue - Current |
29.6 |
34.2 |
36.3 |
31.0 |
23.4 |
|
Total Long Term Debt, Supplemental |
- |
316.2 |
- |
1,282.3 |
1,610.7 |
|
Long Term Debt Maturing within 1 Year |
- |
316.2 |
- |
550.1 |
429.4 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
404.4 |
584.0 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
184.2 |
389.4 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
72.8 |
84.8 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
- |
588.6 |
973.4 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
- |
72.8 |
84.8 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
0.0 |
- |
70.8 |
123.1 |
|
Total Capital Leases, Supplemental |
6.3 |
8.0 |
9.2 |
- |
- |
|
Capital Lease Payments Due in Year 1 |
1.7 |
1.6 |
1.4 |
- |
- |
|
Capital Lease Payments Due in Year 2 |
1.1 |
1.6 |
1.9 |
- |
- |
|
Capital Lease Payments Due in Year 3 |
1.1 |
1.6 |
1.9 |
- |
- |
|
Capital Lease Payments Due in Year 4 |
1.1 |
1.6 |
1.9 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
1.1 |
1.6 |
1.9 |
- |
- |
|
Capital Lease Payments Due in 2-3 Years |
2.3 |
3.2 |
3.9 |
- |
- |
|
Capital Lease Payments Due in 4-5 Years |
2.3 |
3.2 |
3.9 |
- |
- |
|
Total Operating Leases, Supplemental |
- |
- |
- |
- |
9.4 |
|
Operating Lease Payments Due in Year 1 |
- |
- |
- |
- |
4.7 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
- |
- |
2.4 |
|
Operating Lease Payments Due in Year 3 |
- |
- |
- |
- |
2.4 |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
- |
- |
4.8 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
- |
- |
0.0 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1138.093549 |
1152 |
1178.05 |
1067.65 |
1096.95 |
|
|
|
|
|
|
|
|
Cash |
- |
- |
- |
927.2 |
- |
|
Cash & Equivalents |
1,593.4 |
1,197.4 |
986.1 |
- |
1,478.6 |
|
Short Term Investments |
15.3 |
10.8 |
11.0 |
13.7 |
11.5 |
|
Cash and Short Term Investments |
1,608.7 |
1,208.2 |
997.1 |
940.9 |
1,490.1 |
|
Accounts Receivable -
Trade, Gross |
2,899.1 |
2,710.3 |
2,859.5 |
2,979.4 |
2,704.0 |
|
Provision for Doubtful
Accounts |
-5.0 |
-4.4 |
-4.7 |
-5.2 |
-6.2 |
|
Trade Accounts Receivable - Net |
2,895.3 |
2,707.9 |
2,857.3 |
2,977.1 |
2,700.9 |
|
Other Receivables |
97.9 |
96.8 |
72.3 |
72.9 |
61.1 |
|
Total Receivables, Net |
2,993.2 |
2,804.6 |
2,929.6 |
3,050.0 |
2,762.0 |
|
Inventories - Finished Goods |
1,088.3 |
1,078.2 |
1,022.3 |
1,091.7 |
961.1 |
|
Inventories - Work In Progress |
304.5 |
278.5 |
272.1 |
306.3 |
280.7 |
|
Inventories - Raw Materials |
611.8 |
549.8 |
599.6 |
711.6 |
598.7 |
|
Inventories - Other |
314.6 |
277.2 |
331.0 |
403.6 |
331.0 |
|
Total Inventory |
2,319.3 |
2,183.7 |
2,224.9 |
2,513.1 |
2,171.5 |
|
Prepaid Expenses |
82.6 |
83.1 |
78.1 |
93.4 |
97.6 |
|
Other Current Assets |
66.7 |
19.1 |
46.1 |
43.2 |
53.1 |
|
Other Current Assets, Total |
66.7 |
19.1 |
46.1 |
43.2 |
53.1 |
|
Total Current Assets |
7,070.5 |
6,298.8 |
6,275.7 |
6,640.6 |
6,574.4 |
|
|
|
|
|
|
|
|
Buildings |
2,195.9 |
2,108.4 |
1,979.5 |
2,079.3 |
1,944.2 |
|
Land/Improvements |
569.3 |
525.1 |
513.8 |
415.2 |
404.2 |
|
Machinery/Equipment |
7,200.5 |
6,900.2 |
6,584.6 |
6,952.2 |
6,643.2 |
|
Construction in
Progress |
1,321.6 |
1,263.8 |
1,040.0 |
1,116.2 |
1,047.1 |
|
Other
Property/Plant/Equipment |
165.3 |
161.6 |
153.9 |
161.9 |
86.4 |
|
Property/Plant/Equipment - Gross |
11,452.6 |
10,959.0 |
10,271.7 |
10,724.9 |
10,125.1 |
|
Accumulated Depreciation |
-5,027.3 |
-4,821.7 |
-4,603.4 |
-4,845.1 |
-4,745.8 |
|
Property/Plant/Equipment - Net |
6,735.8 |
6,402.7 |
5,914.2 |
6,139.9 |
5,628.7 |
|
Goodwill, Net |
29.4 |
29.0 |
28.4 |
31.3 |
30.5 |
|
Intangibles, Net |
154.2 |
150.8 |
138.7 |
147.6 |
140.0 |
|
LT Investment - Affiliate Companies |
289.9 |
285.1 |
225.3 |
239.7 |
212.4 |
|
LT Investments - Other |
5.3 |
5.2 |
5.1 |
5.6 |
3.8 |
|
Long Term Investments |
295.2 |
290.3 |
230.4 |
245.3 |
216.3 |
|
Note Receivable - Long Term |
0.6 |
0.6 |
0.6 |
0.7 |
0.7 |
|
Deferred Income Tax - Long Term Asset |
45.2 |
28.0 |
30.5 |
31.3 |
39.9 |
|
Other Long Term Assets |
71.0 |
68.5 |
64.4 |
70.3 |
65.5 |
|
Other Long Term Assets, Total |
116.2 |
96.4 |
94.9 |
101.6 |
105.4 |
|
Total Assets |
14,401.9 |
13,268.7 |
12,682.9 |
13,306.9 |
12,695.8 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,639.4 |
1,304.8 |
1,197.5 |
1,442.3 |
1,305.7 |
|
Accrued Expenses |
- |
- |
- |
- |
8.8 |
|
Notes Payable/Short Term Debt |
1,436.0 |
1,260.3 |
1,493.5 |
1,528.9 |
1,351.9 |
|
Current Portion - Long Term Debt/Capital Leases |
234.1 |
334.9 |
457.2 |
576.2 |
407.1 |
|
Dividends Payable |
259.8 |
1.0 |
0.0 |
28.4 |
268.5 |
|
Customer Advances |
31.8 |
29.6 |
30.1 |
24.0 |
25.9 |
|
Income Taxes Payable |
271.7 |
251.3 |
190.3 |
292.2 |
350.0 |
|
Other Payables |
803.7 |
824.8 |
829.8 |
816.5 |
919.8 |
|
Other Current Liabilities |
85.4 |
94.0 |
124.9 |
127.9 |
138.1 |
|
Other Current liabilities, Total |
1,452.4 |
1,200.7 |
1,175.2 |
1,288.8 |
1,702.4 |
|
Total Current Liabilities |
4,761.9 |
4,100.6 |
4,323.4 |
4,836.2 |
4,776.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
850.0 |
593.6 |
312.2 |
183.9 |
363.5 |
|
Capital Lease Obligations |
4.1 |
4.5 |
4.9 |
5.8 |
6.1 |
|
Total Long Term Debt |
854.1 |
598.2 |
317.1 |
189.7 |
369.6 |
|
Total Debt |
2,524.3 |
2,193.3 |
2,267.8 |
2,294.8 |
2,128.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
83.1 |
52.4 |
22.6 |
22.9 |
25.8 |
|
Deferred Income Tax |
83.1 |
52.4 |
22.6 |
22.9 |
25.8 |
|
Minority Interest |
138.8 |
133.9 |
130.9 |
129.5 |
141.7 |
|
Reserves |
5.2 |
2.0 |
- |
- |
- |
|
Pension Benefits - Underfunded |
66.2 |
52.8 |
162.4 |
168.6 |
16.7 |
|
Other Long Term Liabilities |
32.9 |
36.0 |
-112.8 |
-120.7 |
46.2 |
|
Other Liabilities, Total |
104.3 |
90.8 |
49.6 |
47.9 |
62.9 |
|
Total Liabilities |
5,942.2 |
4,975.8 |
4,843.5 |
5,226.3 |
5,376.0 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
33.5 |
33.1 |
- |
- |
34.8 |
|
Preferred Stock - Non Redeemable, Net |
33.5 |
33.1 |
- |
- |
34.8 |
|
Common Stock |
291.2 |
287.6 |
313.7 |
346.1 |
302.1 |
|
Common Stock |
291.2 |
287.6 |
313.7 |
346.1 |
302.1 |
|
Additional Paid-In Capital |
1,017.3 |
1,005.0 |
982.8 |
1,084.4 |
1,055.4 |
|
Retained Earnings (Accumulated Deficit) |
7,147.4 |
6,990.7 |
6,552.4 |
6,752.9 |
6,014.9 |
|
Treasury Stock - Common |
-13.6 |
-13.4 |
-13.1 |
-14.5 |
-14.1 |
|
Other Equity |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Other Comprehensive Income |
-16.0 |
-9.9 |
3.9 |
-88.1 |
-73.1 |
|
Other Equity, Total |
-16.2 |
-10.1 |
3.7 |
-88.3 |
-73.3 |
|
Total Equity |
8,459.6 |
8,293.0 |
7,839.4 |
8,080.6 |
7,319.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
14,401.9 |
13,268.7 |
12,682.9 |
13,306.9 |
12,695.8 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
65.9 |
65.9 |
65.9 |
65.9 |
65.9 |
|
Total Common Shares Outstanding |
65.9 |
65.9 |
65.9 |
65.9 |
65.9 |
|
Treasury Shares - Common Stock Primary Issue |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Total Preferred Stock Outstanding |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Treasury Shares - Preferred Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
11,264 |
10,722 |
10,588 |
10,134 |
9,894 |
|
Number of Common Shareholders |
- |
- |
90,994 |
90,994 |
90,994 |
|
Deferred Revenue - Current |
31.8 |
29.6 |
30.1 |
24.0 |
25.9 |
|
Total Capital Leases, Supplemental |
5.9 |
6.3 |
6.5 |
7.6 |
7.8 |
|
Capital Lease Payments Due in Year 1 |
1.8 |
1.7 |
1.6 |
1.8 |
1.7 |
|
Capital Lease Payments Due in Year 2 |
1.0 |
1.1 |
1.2 |
1.5 |
1.5 |
|
Capital Lease Payments Due in Year 3 |
1.0 |
1.1 |
1.2 |
1.5 |
1.5 |
|
Capital Lease Payments Due in Year 4 |
1.0 |
1.1 |
1.2 |
1.5 |
1.5 |
|
Capital Lease Payments Due in Year 5 |
1.0 |
1.1 |
1.2 |
1.5 |
1.5 |
|
Capital Lease Payments Due in 2-3 Years |
2.1 |
2.3 |
2.4 |
2.9 |
3.1 |
|
Capital Lease Payments Due in 4-5 Years |
2.1 |
2.3 |
2.4 |
2.9 |
3.1 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
2,524.3 |
2,437.5 |
1,544.5 |
895.9 |
899.6 |
|
Depreciation |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Depreciation/Depletion |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Amortization of Intangibles |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
Amortization |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
Deferred Taxes |
- |
- |
- |
-60.8 |
-117.7 |
|
Unusual Items |
42.1 |
38.2 |
31.7 |
-50.0 |
103.3 |
|
Equity in Net Earnings (Loss) |
- |
- |
- |
-0.6 |
-7.3 |
|
Other Non-Cash Items |
64.4 |
4.2 |
26.8 |
208.7 |
43.3 |
|
Non-Cash Items |
106.6 |
42.3 |
58.5 |
158.1 |
139.3 |
|
Accounts Receivable |
-514.6 |
-128.3 |
-517.1 |
-17.1 |
-271.1 |
|
Inventories |
-248.8 |
-461.8 |
47.2 |
-247.6 |
-216.7 |
|
Prepaid Expenses |
- |
- |
- |
-3.0 |
-4.4 |
|
Other Assets |
- |
- |
- |
-0.9 |
-1.9 |
|
Accounts Payable |
251.1 |
246.5 |
712.8 |
-499.4 |
74.2 |
|
Accrued Expenses |
- |
- |
- |
20.2 |
9.5 |
|
Taxes Payable |
- |
- |
- |
98.9 |
155.0 |
|
Other Liabilities |
-65.9 |
-113.0 |
-34.8 |
-56.9 |
-69.6 |
|
Other Operating Cash Flow |
-713.5 |
-436.2 |
-537.0 |
69.8 |
0.1 |
|
Changes in Working Capital |
-1,291.7 |
-892.8 |
-328.9 |
-635.9 |
-324.9 |
|
Cash from Operating Activities |
2,022.2 |
2,168.3 |
1,732.3 |
894.5 |
1,269.1 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1,981.6 |
-1,398.6 |
-861.3 |
-822.7 |
-727.1 |
|
Purchase/Acquisition of Intangibles |
-24.5 |
-21.0 |
-18.4 |
-38.7 |
-20.9 |
|
Capital Expenditures |
-2,006.1 |
-1,419.7 |
-879.7 |
-861.3 |
-748.0 |
|
Sale of Fixed Assets |
4.4 |
4.4 |
29.2 |
26.5 |
23.8 |
|
Sale/Maturity of Investment |
0.0 |
0.5 |
5.7 |
180.4 |
7.6 |
|
Purchase of Investments |
-39.0 |
-66.4 |
-18.8 |
-160.0 |
-144.0 |
|
Sale of Intangible Assets |
- |
0.2 |
0.6 |
0.5 |
0.5 |
|
Other Investing Cash Flow |
-17.8 |
78.3 |
33.5 |
27.8 |
3.5 |
|
Other Investing Cash Flow Items, Total |
-52.3 |
16.9 |
50.1 |
75.1 |
-108.6 |
|
Cash from Investing Activities |
-2,058.4 |
-1,402.7 |
-829.6 |
-786.2 |
-856.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-6.7 |
3.0 |
-153.6 |
-598.8 |
-541.1 |
|
Financing Cash Flow Items |
-6.7 |
3.0 |
-153.6 |
-598.8 |
-541.1 |
|
Total Cash Dividends Paid |
-287.6 |
-242.1 |
-165.0 |
-151.7 |
-78.5 |
|
Sale/Issuance of
Common |
- |
- |
- |
19.5 |
- |
|
Repurchase/Retirement
of Common |
- |
0.0 |
-1.8 |
- |
- |
|
Common Stock, Net |
- |
0.0 |
-1.8 |
19.5 |
- |
|
Issuance (Retirement) of Stock, Net |
- |
0.0 |
-1.8 |
19.5 |
- |
|
Short Term Debt Issued |
- |
- |
- |
296.5 |
266.3 |
|
Short Term Debt
Reduction |
- |
- |
- |
-17.8 |
-144.3 |
|
Short Term Debt, Net |
- |
- |
- |
278.7 |
121.9 |
|
Long Term Debt Issued |
- |
- |
234.0 |
237.7 |
327.0 |
|
Long Term Debt
Reduction |
-891.2 |
-501.3 |
-469.1 |
-4.5 |
-32.3 |
|
Long Term Debt, Net |
-891.2 |
-501.3 |
-235.1 |
233.3 |
294.7 |
|
Total Debt Issued |
1,242.3 |
200.4 |
111.5 |
- |
- |
|
Issuance (Retirement) of Debt, Net |
351.1 |
-300.8 |
-123.6 |
512.0 |
416.7 |
|
Cash from Financing Activities |
56.9 |
-540.0 |
-444.0 |
-219.0 |
-202.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-10.4 |
0.5 |
5.8 |
41.5 |
9.2 |
|
Net Change in Cash |
10.2 |
226.1 |
464.5 |
-69.3 |
218.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,234.8 |
957.0 |
402.4 |
536.6 |
416.7 |
|
Net Cash - Ending Balance |
1,245.0 |
1,183.1 |
867.0 |
467.3 |
635.5 |
|
Cash Interest Paid |
79.5 |
70.8 |
90.1 |
- |
- |
|
Cash Taxes Paid |
621.5 |
366.2 |
459.0 |
- |
- |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1131.034971 |
1107.891393 |
1095.603455 |
1101.856011 |
1120.28956 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
389.2 |
2,524.3 |
2,094.4 |
1,476.6 |
750.6 |
|
Depreciation |
173.1 |
668.8 |
500.1 |
331.5 |
159.0 |
|
Depreciation/Depletion |
173.1 |
668.8 |
500.1 |
331.5 |
159.0 |
|
Amortization of Intangibles |
3.7 |
14.2 |
10.6 |
6.7 |
3.3 |
|
Amortization |
3.7 |
14.2 |
10.6 |
6.7 |
3.3 |
|
Unusual Items |
1.1 |
3.9 |
0.7 |
-0.2 |
-1.2 |
|
Other Non-Cash Items |
14.0 |
62.1 |
-44.3 |
-35.1 |
-46.3 |
|
Non-Cash Items |
15.2 |
66.0 |
-43.7 |
-35.4 |
-47.6 |
|
Accounts Receivable |
-200.7 |
-514.6 |
-618.3 |
-669.8 |
-468.9 |
|
Inventories |
-127.3 |
-248.8 |
-314.0 |
-421.7 |
-118.7 |
|
Other Assets |
-0.3 |
- |
- |
- |
5.3 |
|
Accounts Payable |
289.8 |
251.1 |
180.1 |
324.6 |
358.4 |
|
Other Liabilities |
0.3 |
-41.3 |
-3.3 |
-53.9 |
-0.9 |
|
Other Assets & Liabilities, Net |
- |
-24.6 |
-20.6 |
16.1 |
- |
|
Other Operating Cash Flow |
-29.5 |
-673.0 |
-642.6 |
-413.1 |
-182.9 |
|
Changes in Working Capital |
-67.8 |
-1,251.1 |
-1,418.7 |
-1,217.9 |
-407.6 |
|
Cash from Operating Activities |
513.3 |
2,022.2 |
1,142.7 |
561.5 |
457.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-436.7 |
-1,981.6 |
-1,432.6 |
-984.0 |
-451.0 |
|
Purchase/Acquisition of Intangibles |
-6.8 |
-24.5 |
-18.2 |
-12.0 |
-4.1 |
|
Capital Expenditures |
-443.5 |
-2,006.1 |
-1,450.8 |
-995.9 |
-455.1 |
|
Sale of Fixed Assets |
0.2 |
4.4 |
2.5 |
2.4 |
2.3 |
|
Sale/Maturity of Investment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Purchase of Investments |
- |
-39.0 |
-38.4 |
-38.2 |
-18.1 |
|
Other Investing Cash Flow |
-7.1 |
-17.8 |
-9.4 |
-9.3 |
-12.0 |
|
Other Investing Cash Flow Items, Total |
-6.9 |
-52.3 |
-45.2 |
-45.1 |
-27.9 |
|
Cash from Investing Activities |
-450.5 |
-2,058.4 |
-1,496.0 |
-1,041.1 |
-483.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
- |
-6.7 |
- |
- |
- |
|
Financing Cash Flow Items |
- |
-6.7 |
- |
- |
- |
|
Total Cash Dividends Paid |
- |
-287.6 |
-291.8 |
-267.3 |
- |
|
Total Debt Issued |
751.1 |
1,242.3 |
610.7 |
471.1 |
273.5 |
|
Total Debt Reduction |
-432.3 |
-891.2 |
-171.1 |
-45.1 |
-17.0 |
|
Issuance (Retirement) of Debt, Net |
318.8 |
351.1 |
439.6 |
425.9 |
256.5 |
|
Cash from Financing Activities |
318.8 |
56.9 |
147.7 |
158.7 |
256.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
2.2 |
-10.4 |
17.2 |
-22.2 |
-4.5 |
|
Net Change in Cash |
383.8 |
10.2 |
-188.4 |
-343.1 |
226.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1,219.6 |
1,234.8 |
1,248.7 |
1,241.6 |
1,221.1 |
|
Net Cash - Ending Balance |
1,603.4 |
1,245.0 |
1,060.3 |
898.5 |
1,447.8 |
|
Cash Interest Paid |
20.4 |
79.5 |
58.8 |
38.4 |
19.4 |
|
Cash Taxes Paid |
15.9 |
621.5 |
605.0 |
388.7 |
171.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Restated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Finished Product Revenues |
- |
- |
- |
12,611.5 |
11,328.4 |
|
Merchandise Revenues |
- |
- |
- |
529.9 |
864.7 |
|
Other Revenues |
- |
- |
- |
83.5 |
90.8 |
|
Net Sales |
20,467.3 |
16,839.7 |
12,160.0 |
- |
- |
|
Total Revenue |
20,467.3 |
16,839.7 |
12,160.0 |
13,224.9 |
12,283.9 |
|
|
|
|
|
|
|
|
Cost Manufacturing |
- |
- |
- |
10,624.9 |
9,392.7 |
|
Merchandise Cost |
- |
- |
- |
529.5 |
848.8 |
|
Cost of Other Sales |
- |
- |
- |
21.3 |
21.2 |
|
Cost of Sales |
16,784.0 |
13,381.3 |
9,606.0 |
- |
- |
|
Gains on Foreign Currency Transactions |
-348.0 |
-335.1 |
-366.0 |
- |
- |
|
Gains on Foreign Currency Translation |
-19.5 |
-16.2 |
-22.9 |
- |
- |
|
Gains on Sale of Property, Plant and Equ |
-2.1 |
-4.0 |
-0.4 |
- |
- |
|
Gains on Sale of Intangible Assets |
- |
- |
-0.5 |
- |
- |
|
Other Operating Income |
-41.1 |
-30.0 |
-22.9 |
- |
- |
|
Losses on Foreign Currency Transactions |
360.1 |
339.4 |
374.2 |
- |
- |
|
Losses on Foreign Currency Translation |
21.0 |
14.2 |
16.4 |
- |
- |
|
Losses on Sale of Property, Plant and Eq |
6.0 |
10.4 |
21.3 |
- |
- |
|
Losses on Sale of Intangible Assets |
0.0 |
0.6 |
0.9 |
- |
- |
|
Loss-Reduction of Tangible Assets |
- |
17.1 |
44.0 |
- |
- |
|
Loss-Reduction of Intangible Assets |
- |
- |
13.3 |
- |
- |
|
Other Operating Expense |
6.4 |
19.6 |
55.1 |
- |
- |
|
Salaries and Wages |
228.4 |
190.5 |
149.0 |
157.9 |
174.4 |
|
Retirement Allowance |
13.1 |
7.9 |
10.6 |
14.2 |
16.0 |
|
Employee Benefits |
51.7 |
42.5 |
35.0 |
34.6 |
35.9 |
|
Travel Expenses |
20.8 |
19.4 |
14.9 |
17.3 |
15.3 |
|
Utility Expenses |
16.5 |
13.5 |
12.1 |
18.4 |
20.2 |
|
Packaging Expenses |
4.1 |
3.5 |
3.0 |
2.5 |
3.0 |
|
Usage Fees |
84.8 |
59.7 |
36.0 |
53.0 |
53.4 |
|
Commissions Paid |
161.2 |
150.2 |
108.0 |
96.7 |
102.7 |
|
Depreciation Expense |
43.7 |
36.0 |
31.6 |
31.8 |
38.4 |
|
Advertising Expense |
16.6 |
9.9 |
8.2 |
9.9 |
10.9 |
|
Shipping and Handling Expenses |
300.2 |
295.3 |
242.0 |
289.0 |
257.1 |
|
Education & Training Expenses |
10.2 |
8.8 |
6.3 |
6.7 |
7.0 |
|
Provision-Bad Debt |
- |
- |
- |
- |
5.8 |
|
Amortization of Intangibles |
9.8 |
10.7 |
7.3 |
12.8 |
18.7 |
|
Other Sales and Administrative Expens |
- |
- |
- |
71.8 |
75.9 |
|
Expenses-Samples |
7.6 |
6.8 |
5.4 |
5.8 |
7.0 |
|
Research & Development Expense |
- |
- |
- |
25.5 |
24.5 |
|
Expenses-Stock Compensation |
- |
- |
- |
0.9 |
8.4 |
|
Other Expenses |
172.5 |
147.7 |
128.3 |
- |
- |
|
Loss-Reduction of Investment Securities |
- |
- |
- |
- |
0.0 |
|
Total Operating Expense |
17,908.0 |
14,399.7 |
10,516.5 |
12,024.5 |
11,137.1 |
|
|
|
|
|
|
|
|
Interest Income |
24.7 |
23.1 |
14.9 |
5.4 |
22.3 |
|
Dividend Income |
0.1 |
0.2 |
0.4 |
0.1 |
0.0 |
|
Gain on Foreign Exchange Transaction |
84.0 |
51.8 |
61.5 |
388.8 |
70.2 |
|
Gain on Foreign Currency Translation |
26.0 |
17.6 |
39.6 |
44.3 |
29.7 |
|
Gain on Disposal of Derivatives to Tradt |
32.9 |
8.6 |
- |
- |
- |
|
Gain on Sale of Risk Avers Derivatives |
8.0 |
2.1 |
24.7 |
- |
- |
|
Gain on Valuatio of Derivatives to Tradt |
- |
1.9 |
- |
- |
- |
|
Gain -Valuat of Risk Avers Derivatives |
- |
11.6 |
0.3 |
- |
- |
|
Other Financial Income |
- |
1.9 |
3.4 |
- |
- |
|
Recovery-Loan Loss Reserve |
- |
- |
- |
6.1 |
- |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
- |
0.2 |
|
Gain on Disposal of Tangible Assets |
- |
- |
- |
2.6 |
6.4 |
|
Gain on Disposal of Intangible Assets |
- |
- |
- |
0.0 |
0.0 |
|
Recovery-Negative Goodwill Amortization |
- |
- |
- |
35.6 |
42.2 |
|
L-Reduction of Tangible Assets |
- |
- |
- |
- |
-3.5 |
|
Loss-Reduction of Intangible Asset |
- |
- |
- |
-0.1 |
-17.6 |
|
Gain-Derivatives Transactions |
- |
- |
- |
66.7 |
- |
|
Gain on Valuation of Derivatives |
- |
- |
- |
48.7 |
2.5 |
|
Gain on Insurance Settlement |
- |
- |
- |
52.5 |
0.5 |
|
Other Non-Operating Income |
- |
- |
- |
27.9 |
21.5 |
|
Interest Expense, Non-Operating |
-60.6 |
-53.0 |
-81.4 |
-88.6 |
-127.0 |
|
L-Foreign Exchange Transaction |
-68.5 |
-64.1 |
-66.6 |
-414.9 |
-71.2 |
|
Loss on Foreign Currency Translation |
-8.1 |
-14.5 |
-1.5 |
-195.9 |
-13.6 |
|
Loss on Disposal of Derivatives to Tradt |
-59.5 |
-25.3 |
- |
- |
- |
|
Loss - Valuation of Derivatives to Tradt |
- |
- |
-17.3 |
- |
- |
|
Loss-Valuat of Risk Avers Derivatives |
- |
-1.0 |
-18.1 |
- |
- |
|
Other Financial Expense |
0.0 |
-0.4 |
0.0 |
- |
- |
|
L-Disposal of Investment Assets |
- |
- |
- |
0.0 |
-0.1 |
|
Other Amortization |
- |
- |
- |
0.0 |
- |
|
L-Disposal of Accounts Receivables |
- |
- |
- |
-33.2 |
-34.6 |
|
Loss on Depletion of Inventories |
- |
- |
- |
- |
0.0 |
|
Loss-Disposal of Investment Securities |
- |
- |
- |
0.0 |
-0.3 |
|
Loss on Disposal of Tangible Assets |
- |
- |
- |
-7.4 |
-14.6 |
|
L-Intang Asset Disp |
- |
- |
- |
-0.8 |
-1.1 |
|
Donations Paid |
- |
- |
- |
-6.5 |
-8.8 |
|
Loss-Derivatives Transaction |
- |
- |
- |
- |
-0.4 |
|
Loss-Valuation of Derivatives |
- |
- |
- |
-20.4 |
- |
|
Miscellaneous Non-Operating Expense |
-28.0 |
-11.2 |
-8.8 |
-34.8 |
-20.9 |
|
Gain under Equity Method |
13.8 |
48.0 |
- |
3.5 |
8.1 |
|
Loss under Equity Method |
- |
- |
-15.5 |
-3.7 |
-2.4 |
|
Net Income Before Taxes |
2,524.3 |
2,437.5 |
1,579.0 |
1,076.3 |
1,034.3 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
565.9 |
535.1 |
347.2 |
242.4 |
221.1 |
|
Net Income After Taxes |
1,958.4 |
1,902.4 |
1,231.8 |
833.8 |
813.2 |
|
|
|
|
|
|
|
|
Gain Minority Int. |
-28.7 |
-35.9 |
-24.0 |
15.1 |
-158.5 |
|
Net Income Before Extra. Items |
1,929.7 |
1,866.5 |
1,207.8 |
848.9 |
654.7 |
|
G/L-Discontinuing Operation |
- |
- |
-25.9 |
62.1 |
86.4 |
|
Common&Preferred Discon. Operation |
- |
- |
25.5 |
- |
- |
|
Miscellaneous Adjustment |
- |
- |
0.0 |
- |
- |
|
Net Income |
1,929.7 |
1,866.5 |
1,207.4 |
911.0 |
741.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
-27.9 |
-26.7 |
-21.2 |
-94.9 |
-84.5 |
|
Participated Preferred Dividend |
-172.5 |
-167.1 |
-104.2 |
- |
- |
|
Income Available to Com Excl E |
1,729.4 |
1,672.7 |
1,082.3 |
754.0 |
570.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl E |
1,729.4 |
1,672.7 |
1,082.0 |
816.0 |
656.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
65.9 |
65.9 |
68.1 |
65.8 |
57.8 |
|
Basic EPS Excluding ExtraOrdin |
26.24 |
25.38 |
15.89 |
11.46 |
9.86 |
|
Basic EPS Including ExtraOrdin |
26.24 |
25.38 |
15.88 |
12.40 |
11.36 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
1,729.4 |
1,672.7 |
1,082.0 |
816.0 |
656.6 |
|
Diluted Weighted Average Share |
65.9 |
65.9 |
68.1 |
65.8 |
57.8 |
|
Diluted EPS Excluding ExtraOrd |
26.24 |
25.38 |
15.89 |
11.46 |
9.86 |
|
Diluted EPS Including ExtraOrd |
26.24 |
25.38 |
15.88 |
12.40 |
11.36 |
|
DPS-Common Stock |
3.61 |
3.46 |
2.74 |
2.58 |
2.44 |
|
Gross Dividends - Common Stock |
238.0 |
228.0 |
180.7 |
170.0 |
160.6 |
|
Normalized Income Before Taxes |
2,528.2 |
2,444.5 |
1,600.3 |
1,115.1 |
1,078.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
566.8 |
536.6 |
351.9 |
251.2 |
230.5 |
|
Normalized Income After Taxes |
1,961.4 |
1,907.9 |
1,248.4 |
863.9 |
847.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,732.4 |
1,678.2 |
1,098.9 |
784.1 |
604.7 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
26.28 |
25.46 |
16.13 |
11.92 |
10.46 |
|
Diluted Normalized EPS |
26.28 |
25.46 |
16.13 |
11.92 |
10.46 |
|
Interest Expense |
60.6 |
53.0 |
81.4 |
88.6 |
127.0 |
|
Interest Capitalized, Supplemental |
-20.4 |
-16.1 |
-7.3 |
- |
- |
|
Rental Expense |
- |
- |
- |
0.0 |
0.0 |
|
Advertising Expense |
16.6 |
9.9 |
8.2 |
9.9 |
10.9 |
|
R&D Expense, Supplemental |
- |
- |
- |
25.5 |
24.5 |
|
Depreciation |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Amort of Intangibles, Suppleme |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Calculated |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1131.034971 |
1145.271505 |
1082.999462 |
1083.436022 |
1120.28956 |
|
|
|
|
|
|
|
|
Sales Revenue |
5,086.6 |
4,888.7 |
5,434.8 |
5,261.0 |
4,901.3 |
|
Total Revenue |
5,086.6 |
4,888.7 |
5,434.8 |
5,261.0 |
4,901.3 |
|
|
|
|
|
|
|
|
Cost-Revenue |
4,406.0 |
4,151.6 |
4,483.1 |
4,266.7 |
3,893.8 |
|
Selling and Administrative Expenses |
285.6 |
293.6 |
290.1 |
291.6 |
265.8 |
|
Other Operating Income |
-78.5 |
-32.2 |
-255.7 |
-58.5 |
-69.4 |
|
Other Operating Expense |
67.3 |
38.8 |
248.4 |
45.6 |
65.4 |
|
Total Operating Expense |
4,680.3 |
4,451.7 |
4,766.0 |
4,545.3 |
4,155.7 |
|
|
|
|
|
|
|
|
Finance Income |
21.1 |
35.0 |
86.3 |
14.8 |
40.4 |
|
Finance Expense |
-35.6 |
-23.5 |
-132.8 |
-6.9 |
-35.4 |
|
Other Non-Operating Expense |
-5.4 |
-15.0 |
-9.4 |
-1.0 |
-2.3 |
|
Gain/Loss under Equity Method |
2.9 |
4.8 |
3.5 |
3.1 |
2.3 |
|
Net Income Before Taxes |
389.2 |
438.3 |
616.5 |
725.6 |
750.6 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
52.5 |
109.1 |
144.1 |
149.2 |
164.5 |
|
Net Income After Taxes |
336.7 |
329.2 |
472.4 |
576.4 |
586.1 |
|
|
|
|
|
|
|
|
Minority Interest |
-4.8 |
-1.4 |
-1.5 |
-9.7 |
-16.1 |
|
Net Income Before Extra. Items |
331.9 |
327.8 |
470.9 |
566.7 |
569.9 |
|
Net Income |
331.9 |
327.8 |
470.9 |
566.7 |
569.9 |
|
|
|
|
|
|
|
|
Preferred Dividend |
-6.8 |
-6.7 |
-7.1 |
-7.1 |
-6.9 |
|
Participated Preferred Dividend |
-27.7 |
-27.3 |
-41.8 |
-51.7 |
-52.3 |
|
Income Available to Com Excl ExtraOrd |
297.4 |
293.7 |
422.0 |
507.9 |
510.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
297.4 |
293.7 |
422.0 |
507.9 |
510.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
65.9 |
65.9 |
65.9 |
65.9 |
65.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Basic EPS Including ExtraOrdinary Item |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
297.4 |
293.7 |
422.0 |
507.9 |
510.8 |
|
Diluted Weighted Average Shares |
65.9 |
65.9 |
65.9 |
65.9 |
65.9 |
|
Diluted EPS Excluding ExtraOrd Items |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Diluted EPS Including ExtraOrd Items |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
DPS-Common Stock |
0.00 |
3.49 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
230.2 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
389.2 |
438.3 |
616.5 |
725.6 |
750.6 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
52.5 |
109.1 |
144.1 |
149.2 |
164.5 |
|
Normalized Income After Taxes |
336.7 |
329.2 |
472.4 |
576.4 |
586.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
297.4 |
293.7 |
422.0 |
507.9 |
510.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Diluted Normalized EPS |
4.51 |
4.46 |
6.40 |
7.71 |
7.75 |
|
Interest Expense, Supplemental |
17.0 |
15.4 |
15.5 |
13.7 |
15.9 |
|
Interest Capitalized, Supplemental |
-4.5 |
-5.8 |
-5.4 |
-5.0 |
-4.2 |
|
Advertising Expense, Supplemental |
2.4 |
9.7 |
1.7 |
2.7 |
2.3 |
|
Depreciation, Supplemental |
173.1 |
168.6 |
168.6 |
172.8 |
159.0 |
|
Amort of Intangibles, Supplemental |
3.7 |
3.6 |
3.8 |
3.5 |
3.3 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Short-Term Loans |
- |
0.1 |
- |
- |
- |
|
ST Investment Assets |
- |
- |
- |
118.3 |
113.9 |
|
Cash and Equivalents |
1,197.4 |
1,205.4 |
950.3 |
408.3 |
630.9 |
|
Derivative Assets |
- |
1.9 |
0.3 |
- |
- |
|
Short-Term Guarantee Deposit |
- |
- |
- |
0.0 |
0.0 |
|
Deferred Taxes |
- |
- |
- |
36.9 |
24.8 |
|
Trade Rcvb Gross |
2,710.3 |
2,235.7 |
1,973.7 |
1,262.6 |
1,595.8 |
|
Reserve for Doubtful Accounts |
-4.4 |
-6.4 |
-10.8 |
-30.7 |
-60.0 |
|
Prepaid Taxes |
15.5 |
3.0 |
3.5 |
0.5 |
0.4 |
|
Advanced Payment |
35.0 |
23.7 |
34.6 |
19.0 |
26.7 |
|
Prepaid Expense |
19.0 |
23.1 |
18.7 |
23.7 |
23.3 |
|
Prepaid VAT |
48.7 |
58.7 |
43.2 |
- |
- |
|
Other Current Assets |
12.4 |
6.9 |
4.1 |
- |
- |
|
Other Quick Assets |
- |
- |
- |
8.6 |
9.6 |
|
Merchandise |
77.5 |
53.4 |
39.4 |
93.1 |
98.1 |
|
Allowance for Loss on Valuation of Merch |
- |
-0.1 |
-0.3 |
- |
- |
|
Finished Goods |
1,000.7 |
898.5 |
607.5 |
692.1 |
703.8 |
|
Allowance for Loss on Valuation of Finis |
- |
-6.9 |
-5.0 |
- |
- |
|
Semi-Finish Good |
275.5 |
236.9 |
159.1 |
154.7 |
162.9 |
|
Work in Progress |
3.0 |
0.9 |
0.5 |
0.5 |
1.5 |
|
Raw Materials |
549.8 |
503.6 |
393.8 |
346.1 |
457.1 |
|
Allowance for Loss on Valuation of Raw M |
- |
-0.9 |
-0.6 |
- |
- |
|
Supplies |
62.2 |
53.2 |
46.4 |
43.2 |
50.2 |
|
Goods in Transit |
180.0 |
184.4 |
131.2 |
137.3 |
109.2 |
|
Other Receivable |
96.8 |
53.5 |
52.5 |
79.2 |
128.4 |
|
Court Receivership Deposit |
10.8 |
4.9 |
87.0 |
- |
- |
|
Guarantee Deposit, Current |
6.7 |
6.4 |
0.1 |
- |
- |
|
Accrued Income |
1.9 |
3.9 |
2.8 |
2.4 |
4.0 |
|
Total Current Assets |
6,298.8 |
5,543.8 |
4,531.8 |
3,395.9 |
4,080.5 |
|
|
|
|
|
|
|
|
LT Financial Assets |
- |
- |
- |
0.0 |
0.1 |
|
Derivatives |
- |
0.0 |
15.5 |
- |
- |
|
Securities Available for Sale |
5.2 |
3.7 |
3.6 |
- |
- |
|
LT Trade Receivable |
- |
- |
0.0 |
0.2 |
0.7 |
|
Allowance for Doubtful Accounts for LT T |
- |
- |
0.0 |
- |
- |
|
Long-Term Trade Receivables, Net |
- |
- |
- |
0.2 |
0.2 |
|
Affiliates Stock |
285.1 |
188.2 |
188.5 |
98.7 |
101.8 |
|
Investment Securities |
- |
- |
- |
1.7 |
2.2 |
|
Court Receivership Deposit |
0.0 |
0.0 |
0.0 |
- |
- |
|
LT Loan |
0.6 |
0.6 |
0.2 |
0.5 |
0.6 |
|
Guarantee Deposits |
28.6 |
17.6 |
17.0 |
26.8 |
43.1 |
|
Other LT Assets |
- |
- |
- |
47.5 |
59.4 |
|
Long-Term Prepaid Expenses |
39.9 |
40.4 |
32.2 |
37.4 |
52.7 |
|
Other Investment Assets |
0.0 |
0.0 |
0.3 |
- |
- |
|
Futures-Debit |
- |
- |
- |
41.2 |
1.7 |
|
Deferred Income Tax, Debit |
- |
- |
- |
22.1 |
3.5 |
|
Buildings-Net |
- |
- |
- |
913.9 |
1,099.4 |
|
Land |
525.1 |
390.7 |
371.1 |
407.5 |
547.6 |
|
Buildings |
1,532.5 |
1,300.0 |
1,093.1 |
- |
- |
|
Buildings-Depreciation |
-253.6 |
-228.1 |
-189.4 |
- |
- |
|
Buildings-Reduction |
0.0 |
-3.7 |
-5.9 |
- |
- |
|
Structures-Net |
- |
- |
- |
303.1 |
388.4 |
|
Structures |
575.9 |
556.9 |
503.8 |
- |
- |
|
Structures-Depreciation |
-261.7 |
-245.1 |
-210.4 |
- |
- |
|
Structures-Reduction |
0.0 |
0.0 |
0.0 |
- |
- |
|
Machinery & Equipment-Net |
- |
- |
- |
1,922.6 |
2,302.0 |
|
Machinery & Equipment |
6,545.2 |
6,104.6 |
5,113.9 |
- |
- |
|
Machinery & Equipment-Depreciation |
-4,126.2 |
-3,852.4 |
-3,195.9 |
- |
- |
|
Machinery & Equipment-Redcution |
-8.3 |
-23.1 |
-9.2 |
- |
- |
|
Vehicles & Transportation Equipment-Net |
- |
- |
- |
11.0 |
10.4 |
|
Vehicles & Transportation Equipment |
35.8 |
30.3 |
31.3 |
- |
- |
|
Vehicles & Transportation Equipment-Depr |
-24.6 |
-22.9 |
-21.4 |
- |
- |
|
Tools & Equipments-Net |
- |
- |
- |
163.2 |
200.6 |
|
Tools & Equipments |
410.9 |
329.8 |
268.5 |
- |
- |
|
Tools & Equipments-Depreciation |
-232.0 |
-198.4 |
-164.3 |
- |
- |
|
Tools & Equipments-Redcution |
-3.5 |
-3.6 |
-3.5 |
- |
- |
|
Fixtures-Net |
- |
- |
- |
50.7 |
66.4 |
|
Fixtures |
173.9 |
158.6 |
137.1 |
- |
- |
|
Fixtures-Depreciation |
-115.6 |
-107.5 |
-96.9 |
- |
- |
|
Fixtures-Redcution |
-0.1 |
-0.1 |
-0.1 |
- |
- |
|
Other Tangible Assets-Net |
- |
- |
- |
0.0 |
- |
|
Other Tangible Assets |
161.6 |
83.4 |
15.4 |
- |
- |
|
Depreciation-Other Tangible Assets |
-61.5 |
-29.1 |
-6.3 |
- |
- |
|
Construction in Progress |
1,294.0 |
815.5 |
444.5 |
281.0 |
316.9 |
|
Construction in Progress-Reduction |
-30.2 |
-30.7 |
-29.9 |
- |
- |
|
Machines in Transit |
265.4 |
148.9 |
55.3 |
64.0 |
21.5 |
|
Usage Rights on Facility |
- |
- |
- |
7.0 |
8.6 |
|
Development Costs |
29.5 |
22.7 |
20.9 |
37.1 |
49.1 |
|
Industrial Property Rights |
53.7 |
49.1 |
40.5 |
25.7 |
26.3 |
|
Goodwill |
29.0 |
29.4 |
28.7 |
27.3 |
12.7 |
|
Membership Right |
44.4 |
43.4 |
40.1 |
- |
- |
|
Other Intangible |
23.2 |
14.1 |
9.0 |
29.7 |
31.6 |
|
Negative Goodwill |
- |
- |
- |
-186.6 |
-292.9 |
|
Deferred Income Tax, Debit |
28.0 |
39.9 |
14.0 |
- |
- |
|
Total Assets |
13,268.7 |
11,167.0 |
9,043.2 |
7,729.4 |
9,134.9 |
|
|
|
|
|
|
|
|
Trade Payable |
1,304.8 |
1,147.7 |
941.2 |
536.8 |
1,074.4 |
|
Other Payables |
824.8 |
723.8 |
583.2 |
448.6 |
636.7 |
|
Dividend Payable |
1.0 |
0.0 |
0.1 |
0.4 |
0.0 |
|
Advances Received |
18.9 |
24.8 |
27.8 |
22.4 |
16.3 |
|
Unearned Income |
10.8 |
9.3 |
8.6 |
8.6 |
7.1 |
|
VAT Withheld |
- |
1.9 |
- |
- |
- |
|
Deposits Withheld |
39.1 |
30.9 |
35.1 |
39.1 |
64.3 |
|
Inc. Taxes Pay. |
251.3 |
361.0 |
172.0 |
284.1 |
266.9 |
|
Accrued Expenses |
- |
- |
- |
59.8 |
55.3 |
|
Other Current Liabilities |
48.2 |
19.0 |
8.7 |
0.0 |
0.0 |
|
Current Borrowings |
1,260.3 |
- |
- |
647.9 |
574.9 |
|
Discount Notes |
- |
759.8 |
815.3 |
- |
- |
|
Bank Borrowings |
- |
350.3 |
295.2 |
- |
- |
|
Current Portion of Long-Term Debts |
130.1 |
122.9 |
135.9 |
549.6 |
428.6 |
|
Current Portion of Long-term Borrowings |
203.1 |
193.3 |
325.9 |
- |
- |
|
Current Portion of Capital Leases |
1.7 |
1.6 |
1.4 |
- |
- |
|
Liabilities Reserve |
6.3 |
4.4 |
4.5 |
- |
- |
|
Derivatives in Liabilities, Current |
0.5 |
18.1 |
0.0 |
- |
- |
|
Total Current Liability |
4,100.6 |
3,769.0 |
3,355.0 |
2,597.2 |
3,124.7 |
|
|
|
|
|
|
|
|
LT Borrowings |
334.3 |
285.3 |
252.0 |
693.2 |
795.4 |
|
Bonds |
259.3 |
131.8 |
236.6 |
286.7 |
730.7 |
|
Capital Lease Payable |
4.5 |
6.4 |
7.7 |
- |
- |
|
Total Long Term Debt |
598.2 |
423.4 |
496.3 |
979.9 |
1,526.2 |
|
|
|
|
|
|
|
|
Derivative Products in Liabilities |
0.1 |
1.4 |
30.1 |
28.9 |
3.4 |
|
LT Accounts Pay |
35.9 |
42.1 |
25.3 |
- |
28.3 |
|
LT Trade Account Payable |
- |
- |
- |
0.0 |
0.0 |
|
Security Deposits |
- |
- |
- |
4.7 |
6.7 |
|
Deferred Income Tax, Credit |
52.4 |
12.6 |
0.0 |
30.5 |
20.1 |
|
Reserve for Group Severance and Retireme |
- |
- |
- |
76.8 |
105.2 |
|
Provisions for Retirement and Severance |
52.8 |
7.2 |
46.7 |
- |
- |
|
Other LT Liabilities |
- |
- |
0.2 |
0.0 |
0.0 |
|
Non-Current Provisions |
2.0 |
- |
- |
- |
- |
|
Minority Interest |
133.9 |
123.7 |
100.9 |
129.4 |
177.2 |
|
Total Liabilities |
4,975.8 |
4,379.2 |
4,054.5 |
3,847.3 |
4,991.9 |
|
|
|
|
|
|
|
|
Common Stock |
- |
292.0 |
284.6 |
298.7 |
401.9 |
|
Preferred Stock |
- |
33.6 |
32.8 |
34.4 |
46.3 |
|
Capital Stock |
320.7 |
- |
- |
- |
- |
|
Voluntary Reserve |
- |
- |
- |
1,555.1 |
1,559.8 |
|
Legal Reserve |
- |
- |
- |
58.3 |
60.6 |
|
Other Capital Surplus |
- |
- |
- |
207.9 |
266.8 |
|
Paid-in Capital in Excess of Par |
- |
- |
- |
835.7 |
1,124.6 |
|
Cons Capital Sur |
1,005.0 |
1,020.2 |
994.2 |
- |
- |
|
Retained Earning Carried Forward |
- |
- |
- |
797.6 |
730.9 |
|
Other Capital Adjustment |
- |
- |
- |
0.3 |
- |
|
Capital Change, Equity Method |
- |
- |
- |
12.5 |
0.0 |
|
Capital Change, Equity Method (Loss) |
- |
- |
- |
-0.8 |
-3.7 |
|
L-Derivatives Valuation |
- |
- |
- |
-12.7 |
-0.4 |
|
Overseas Business Trans. Debit/Credit |
- |
- |
- |
107.0 |
-16.3 |
|
Treasury Stock |
-13.4 |
-13.6 |
-13.3 |
-11.9 |
-25.1 |
|
Consolidated Capital Transaction |
-0.2 |
-0.2 |
0.2 |
- |
- |
|
Loss on Capital Reduction |
- |
- |
-398.7 |
- |
- |
|
Appropriated Retained Earnings for Statu |
- |
135.2 |
84.5 |
- |
- |
|
Appropriated Retained Earnings for Volun |
- |
3,073.9 |
2,343.7 |
- |
- |
|
Retained Earnings or Accumulated Deficit |
6,990.7 |
2,301.5 |
1,724.9 |
- |
- |
|
Other Adjustment |
- |
- |
- |
- |
-2.4 |
|
Accumulated Other Comprehensive Income |
-9.9 |
-54.6 |
-64.0 |
- |
- |
|
Total Equity |
8,293.0 |
6,787.8 |
4,988.7 |
3,882.1 |
4,143.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
13,268.7 |
11,167.0 |
9,043.2 |
7,729.4 |
9,134.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
65.9 |
65.9 |
65.9 |
65.9 |
65.7 |
|
Total Common Shares Outstandin |
65.9 |
65.9 |
65.9 |
65.9 |
65.7 |
|
T/S-Common Stock |
0.4 |
0.4 |
0.4 |
0.3 |
0.5 |
|
S/O-Preferred Stock |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Total Preferred Shares Outstan |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
T/S-Preferred Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
29.6 |
34.2 |
36.3 |
31.0 |
23.4 |
|
Full-Time Employees |
10,722 |
9,304 |
8,194 |
10,698 |
10,780 |
|
Number of Common Shareholders |
- |
90,994 |
- |
46,173 |
38,937 |
|
Long-Term Debts Due in 1 Year |
- |
316.2 |
- |
550.1 |
429.4 |
|
Long-Term Debts Due in 2 Years |
- |
- |
- |
404.4 |
584.0 |
|
Long-Term Debts Due in 3 Years |
- |
- |
- |
184.2 |
389.4 |
|
Long-Term Debts Due in 4 Years |
- |
- |
- |
72.8 |
84.8 |
|
Long-Term Debts Due Remaining |
- |
- |
- |
70.8 |
123.1 |
|
Total Long Term Debt, Supplemental |
- |
316.2 |
- |
1,282.3 |
1,610.7 |
|
Capital Lease Payments Due within 1 Year |
1.7 |
1.6 |
1.4 |
- |
- |
|
Capital Lease Payments Due in Year 5 |
4.5 |
6.4 |
7.7 |
- |
- |
|
Total Capital Leases |
6.3 |
8.0 |
9.2 |
- |
- |
|
Optg leases-year 1 |
- |
- |
- |
- |
4.7 |
|
Optg leases-year 3 |
- |
- |
- |
- |
4.8 |
|
Total Operating Leases |
- |
- |
- |
- |
9.4 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1138.093549 |
1152 |
1178.05 |
1067.65 |
1096.95 |
|
|
|
|
|
|
|
|
Bank Depost & Cash in Holding |
- |
- |
- |
366.6 |
- |
|
Security Deosit |
- |
- |
- |
560.7 |
- |
|
Cash & Cash Equivalents |
1,593.4 |
1,197.4 |
986.1 |
- |
1,478.6 |
|
Other Current Financial Assets |
- |
- |
- |
1.3 |
- |
|
Court Receivership Deposit |
15.3 |
10.8 |
11.0 |
12.4 |
11.5 |
|
Trade Receivable |
2,899.1 |
2,710.3 |
2,859.5 |
2,979.4 |
2,704.0 |
|
Provision for Doubtful Accounts |
-5.0 |
-4.4 |
-4.7 |
-5.2 |
-6.2 |
|
Other Receivables |
97.9 |
96.8 |
72.3 |
72.9 |
61.0 |
|
Short-Term Loans |
- |
- |
- |
- |
0.1 |
|
Accrued Income |
1.2 |
1.9 |
2.4 |
2.8 |
3.2 |
|
Prepaid Taxes |
10.3 |
15.5 |
3.0 |
9.7 |
2.6 |
|
Advanced Payment |
19.6 |
35.0 |
78.0 |
54.7 |
68.5 |
|
Prepaid Expense |
19.9 |
19.0 |
19.4 |
18.8 |
19.0 |
|
Prepaid VAT |
52.4 |
48.7 |
55.7 |
64.9 |
76.1 |
|
Current Derivative Assets |
0.0 |
- |
0.3 |
- |
2.4 |
|
Guarantee Deposit, Current |
6.7 |
6.7 |
2.4 |
2.4 |
6.9 |
|
Other Current Assets |
59.9 |
12.4 |
43.4 |
40.7 |
43.8 |
|
Merchandises |
72.9 |
77.5 |
95.5 |
81.3 |
74.3 |
|
Allowance for Loss on Valuation of Merch |
- |
- |
- |
- |
-0.1 |
|
Finished Goods |
1,015.4 |
1,000.7 |
926.8 |
1,010.3 |
893.0 |
|
Allowance for Loss on Valuation of Finis |
- |
- |
- |
- |
-6.2 |
|
Semi-Finish Good |
302.3 |
275.5 |
269.5 |
303.8 |
279.0 |
|
Work in Progress |
2.3 |
3.0 |
2.5 |
2.5 |
1.8 |
|
Raw Materials |
611.8 |
549.8 |
599.6 |
711.6 |
599.2 |
|
Allowance for Loss on Valuation of Raw M |
- |
- |
- |
- |
-0.5 |
|
Supplies |
62.9 |
62.2 |
63.4 |
62.8 |
61.2 |
|
Goods in Transit |
232.1 |
180.0 |
189.6 |
286.0 |
201.3 |
|
Total Current Assets |
7,070.5 |
6,298.8 |
6,275.7 |
6,640.6 |
6,574.4 |
|
|
|
|
|
|
|
|
Securities Available for Sale |
5.2 |
5.2 |
5.1 |
5.6 |
3.8 |
|
Other Investment Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
LT Loan |
0.6 |
0.6 |
0.6 |
0.7 |
0.7 |
|
Stocks in Affiliates |
289.9 |
285.1 |
225.3 |
239.7 |
212.4 |
|
Court Receivership Deposit |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Guarantee Deposits |
31.3 |
28.6 |
24.0 |
26.3 |
24.0 |
|
Long-Term Prepaid Expenses |
39.7 |
39.9 |
40.3 |
43.9 |
41.4 |
|
Land |
569.3 |
525.1 |
513.8 |
415.2 |
404.2 |
|
Buildings |
1,597.8 |
1,532.5 |
1,428.8 |
1,492.1 |
1,369.1 |
|
Buildings-Depreciation |
-265.5 |
-253.6 |
-239.5 |
-249.8 |
-243.0 |
|
Buildings-Reduction |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Structures |
598.1 |
575.9 |
550.6 |
587.2 |
575.1 |
|
Structures-Depreciation |
-270.5 |
-261.7 |
-250.1 |
-266.7 |
-259.3 |
|
Structures-Reduction |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Machinery & Equipment |
6,828.8 |
6,545.2 |
6,251.1 |
6,605.9 |
6,356.5 |
|
Machinery & Equipment-Depreciation |
-4,291.8 |
-4,126.2 |
-3,942.3 |
-4,154.8 |
-4,096.4 |
|
Machinery & Equipment-Redcution |
-8.3 |
-8.3 |
-8.2 |
-8.3 |
-22.0 |
|
Vehicles & Transportation Equipment |
36.6 |
35.8 |
35.3 |
38.5 |
31.2 |
|
Vehicles & Transportation Equipment-Depr |
-25.7 |
-24.6 |
-23.6 |
-25.1 |
-24.0 |
|
Tools & Equipments |
432.0 |
410.9 |
382.7 |
393.5 |
355.8 |
|
Tools & Equipments-Depreciation |
-246.5 |
-232.0 |
-220.6 |
-230.4 |
-215.1 |
|
Tools & Equipments-Redcution |
-3.5 |
-3.5 |
-3.4 |
-3.8 |
-3.7 |
|
Fixtures |
180.4 |
173.9 |
166.7 |
176.2 |
168.5 |
|
Fixtures-Depreciation |
-120.5 |
-115.6 |
-114.5 |
-120.8 |
-114.5 |
|
Fixtures-Redcution |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Other Tangible Assets |
165.3 |
161.6 |
153.9 |
161.9 |
86.4 |
|
Depreciation-Other Tangible Assets |
-72.3 |
-61.5 |
-52.2 |
-47.2 |
-36.6 |
|
Construction in Progress |
1,352.2 |
1,294.0 |
1,069.5 |
1,148.8 |
1,047.1 |
|
Construction in Progress-Reduction |
-30.6 |
-30.2 |
-29.5 |
-32.6 |
- |
|
Machines in Transit |
310.5 |
265.4 |
245.9 |
260.0 |
249.4 |
|
Development Costs |
28.9 |
29.5 |
25.7 |
27.5 |
26.9 |
|
Industrial Property Rights |
57.3 |
53.7 |
48.8 |
57.7 |
53.3 |
|
Goodwill |
29.4 |
29.0 |
28.4 |
31.3 |
30.5 |
|
Membership Right |
46.2 |
44.4 |
43.3 |
47.7 |
44.9 |
|
Other Intangible |
21.9 |
23.2 |
20.9 |
14.6 |
14.9 |
|
Deferred Income Tax, Debit |
45.2 |
28.0 |
30.5 |
31.3 |
39.9 |
|
Total Assets |
14,401.9 |
13,268.7 |
12,682.9 |
13,306.9 |
12,695.8 |
|
|
|
|
|
|
|
|
Trade Payable |
1,639.4 |
1,304.8 |
1,197.5 |
1,442.3 |
1,305.7 |
|
Other Payables |
803.7 |
824.8 |
829.8 |
816.5 |
919.8 |
|
Dividend Payable |
259.8 |
1.0 |
0.0 |
28.4 |
268.5 |
|
Advances Received |
21.6 |
18.9 |
19.2 |
12.9 |
16.8 |
|
Unearned Income |
10.2 |
10.8 |
10.9 |
11.0 |
9.2 |
|
VAT Withheld |
- |
- |
- |
- |
8.8 |
|
Deposits Withheld |
36.0 |
39.1 |
35.8 |
36.6 |
42.8 |
|
Income Taxes Payable |
271.7 |
251.3 |
190.3 |
292.2 |
350.0 |
|
Other Current Liabilities |
46.4 |
48.2 |
59.6 |
61.4 |
65.9 |
|
Current Borrowings |
1,436.0 |
1,260.3 |
1,493.5 |
- |
1,351.9 |
|
Current Portion of Provision for Curren |
1.8 |
6.3 |
- |
- |
- |
|
Notes Discount |
- |
- |
- |
1,019.0 |
- |
|
Overdraft Borrowings |
- |
- |
- |
509.8 |
- |
|
Current Portion of Long-Term Debts |
131.8 |
130.1 |
257.6 |
265.3 |
121.2 |
|
Current Portion of Long-term Borrowings |
100.6 |
203.1 |
197.9 |
309.1 |
284.2 |
|
Current Portion of Capital Leases |
1.8 |
1.7 |
1.6 |
1.8 |
1.7 |
|
Provisions for Estimated Return of Goods |
- |
- |
- |
- |
2.7 |
|
Provisions for Product Warranties in Cur |
- |
- |
- |
- |
3.9 |
|
Derivatives in Liabilities, Current |
- |
- |
- |
- |
22.9 |
|
Other Current Financial Liabilities |
1.3 |
0.5 |
22.1 |
22.7 |
- |
|
Reserve for Current Liabilities |
- |
- |
7.3 |
7.2 |
- |
|
Total Current Liabilities |
4,761.9 |
4,100.6 |
4,323.4 |
4,836.2 |
4,776.0 |
|
|
|
|
|
|
|
|
LT Borrowings |
324.9 |
334.3 |
312.2 |
183.9 |
227.1 |
|
Bones-Won |
525.0 |
259.3 |
- |
- |
136.4 |
|
Capital Lease Payable |
4.1 |
4.5 |
4.9 |
5.8 |
6.1 |
|
Total Long Term Debt |
854.1 |
598.2 |
317.1 |
189.7 |
369.6 |
|
|
|
|
|
|
|
|
Derivative Products in Liabilities |
0.0 |
0.1 |
0.8 |
0.9 |
1.1 |
|
LT Account Payable |
32.9 |
35.9 |
16.4 |
21.5 |
45.1 |
|
Accumulated Assets-Faire Value |
- |
- |
- |
-143.1 |
- |
|
Deferred Income Tax, Credit |
83.1 |
52.4 |
22.6 |
22.9 |
25.8 |
|
Retirement & Severance Benefits, Non-Cur |
66.2 |
52.8 |
- |
- |
16.7 |
|
Present Value for LT Defined Benefit Lia |
- |
- |
162.4 |
168.6 |
- |
|
Fair Value of Cumulative Assets Outside |
- |
- |
-130.0 |
- |
- |
|
Non-Current Provisions |
5.2 |
2.0 |
- |
- |
- |
|
Minority Interest |
138.8 |
133.9 |
130.9 |
129.5 |
141.7 |
|
Total Liabilities |
5,942.2 |
4,975.8 |
4,843.5 |
5,226.3 |
5,376.0 |
|
|
|
|
|
|
|
|
Capital Stock |
- |
- |
313.7 |
346.1 |
- |
|
Common Stock |
291.2 |
287.6 |
- |
- |
302.1 |
|
Preferred Stock |
33.5 |
33.1 |
- |
- |
34.8 |
|
Capital Surplus |
1,017.3 |
1,005.0 |
982.8 |
1,084.4 |
1,055.4 |
|
Consolidated Capital Transaction |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Retained Earnings or Accumulated Deficit |
7,147.4 |
6,990.7 |
- |
- |
- |
|
Appropriated Retained Earnings for Statu |
- |
- |
164.1 |
179.3 |
163.7 |
|
Appropriated Retained Earnings for Volun |
- |
- |
4,621.2 |
5,099.1 |
4,962.9 |
|
Retained Earnings Before Appropriations |
- |
- |
1,767.1 |
1,474.5 |
888.3 |
|
Accumulated Other Comprehensive Income |
-16.0 |
-9.9 |
3.9 |
-88.1 |
-73.1 |
|
Treasury Stock |
-13.6 |
-13.4 |
-13.1 |
-14.5 |
-14.1 |
|
Total Equity |
8,459.6 |
8,293.0 |
7,839.4 |
8,080.6 |
7,319.8 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
14,401.9 |
13,268.7 |
12,682.9 |
13,306.9 |
12,695.8 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
65.9 |
65.9 |
65.9 |
65.9 |
65.9 |
|
Total Common Shares Outstanding |
65.9 |
65.9 |
65.9 |
65.9 |
65.9 |
|
T/S-Common Stock |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
S/O-Preferred Stock |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
Total Preferred Shares Outstanding |
7.6 |
7.6 |
7.6 |
7.6 |
7.6 |
|
T/S-Preferred Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
31.8 |
29.6 |
30.1 |
24.0 |
25.9 |
|
Full-Time Employees |
11,264 |
10,722 |
10,588 |
10,134 |
9,894 |
|
Number of Common Shareholders |
- |
- |
90,994 |
90,994 |
90,994 |
|
Capital Lease Payments Due within 1 Year |
1.8 |
1.7 |
1.6 |
1.8 |
1.7 |
|
Capital Lease Payments Due in Year 5 |
4.1 |
4.5 |
4.9 |
5.8 |
6.1 |
|
Total Capital Leases |
5.9 |
6.3 |
6.5 |
7.6 |
7.8 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
2,524.3 |
2,437.5 |
1,544.5 |
895.9 |
899.6 |
|
Depreciation |
668.8 |
565.8 |
444.9 |
514.9 |
634.2 |
|
Amortization of Intangibles |
14.2 |
15.5 |
13.3 |
22.3 |
38.5 |
|
Stock Compensation Expense |
- |
- |
- |
1.2 |
12.8 |
|
Retirement Allowance |
39.7 |
34.2 |
35.4 |
59.3 |
73.3 |
|
Provision-Doubtful Account |
- |
- |
- |
1.3 |
7.3 |
|
Interest Paid |
-79.5 |
-70.8 |
-90.1 |
- |
- |
|
Tax Paid |
-621.5 |
-366.2 |
-459.0 |
- |
- |
|
Amort-Otr Bad Debt E |
- |
- |
- |
0.0 |
- |
|
Financial Income |
-111.1 |
-66.3 |
-85.9 |
- |
- |
|
Financial Expense |
149.3 |
97.4 |
91.2 |
- |
- |
|
Gain-Foreign Exchange Transaction |
7.6 |
-16.8 |
-118.0 |
- |
- |
|
Loss-Depletion of Inventory |
- |
- |
- |
- |
0.0 |
|
L-For Currency Translatn |
- |
- |
- |
226.8 |
15.2 |
|
L-Inv.Asset Disposal |
- |
- |
- |
0.2 |
0.1 |
|
Loss-Reduction of Tangible Assets |
- |
- |
- |
0.0 |
13.4 |
|
L-Tangible Asst Disp |
- |
- |
- |
13.0 |
39.7 |
|
Loss-Disposal of Trade Receivable |
- |
- |
- |
36.0 |
39.2 |
|
G-Tangible Asst Disp |
-2.1 |
-4.0 |
-0.6 |
-6.5 |
-10.0 |
|
Other Non-Operating Expense |
- |
- |
- |
12.0 |
1.6 |
|
Accrued Interest Expense |
- |
- |
- |
1.8 |
7.3 |
|
L-LT Investment Secs. Disposal |
- |
- |
- |
0.0 |
0.6 |
|
L-LT Investment Secs. Reduction |
- |
- |
- |
- |
0.0 |
|
Loss under Equity Method |
- |
- |
- |
5.5 |
3.1 |
|
Loss-Reduction of Intangible Assets |
- |
- |
- |
0.2 |
23.3 |
|
L-Tang Asset Disp |
6.0 |
10.4 |
26.6 |
- |
- |
|
Gain-Disposal of Intangible Assets |
- |
0.0 |
-0.5 |
-0.1 |
0.0 |
|
L-Intang Asset Disp |
0.0 |
0.6 |
0.9 |
1.0 |
1.1 |
|
Other Expense |
-9.2 |
-35.3 |
90.6 |
- |
- |
|
L-Derivatives Valuation |
- |
- |
- |
23.1 |
- |
|
Gain on Foreign Exchange Translation |
- |
- |
- |
-51.3 |
-31.2 |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
- |
-0.3 |
|
Interest Received |
26.3 |
22.1 |
18.8 |
-0.1 |
-0.2 |
|
Rvrs-Bad Debt Expenses |
- |
- |
- |
-6.1 |
-0.6 |
|
Other Non-Operating Income |
- |
- |
- |
-0.8 |
0.0 |
|
G-Equity Method Valuation |
- |
- |
- |
-6.1 |
-10.3 |
|
Recovery of Negative Goodwill |
- |
- |
- |
-35.6 |
-42.2 |
|
Gain-Derivatives Valuation |
- |
- |
- |
-59.4 |
-3.0 |
|
Gain-Disp. of Securities/Equity Method |
- |
- |
- |
- |
-0.8 |
|
Gain-Derivatives Transaction |
- |
- |
- |
-57.5 |
- |
|
Inventories |
-248.8 |
-461.8 |
47.2 |
-255.8 |
-232.3 |
|
Trade Receivables |
-481.7 |
-134.9 |
-504.6 |
-33.1 |
-276.9 |
|
Other Receivables |
-32.9 |
6.6 |
-12.4 |
15.4 |
7.6 |
|
Accrued Income |
- |
- |
- |
0.6 |
-1.9 |
|
Advance Payments |
- |
- |
- |
8.2 |
15.6 |
|
Prepaid Expenses |
- |
- |
- |
-4.9 |
-4.3 |
|
Prepaid Taxes |
- |
- |
- |
1.9 |
-0.4 |
|
Other Quick Assets |
- |
- |
- |
-0.9 |
-1.9 |
|
LT Prepaid Expense |
- |
- |
- |
- |
0.3 |
|
Trade Payables |
155.7 |
108.1 |
569.3 |
-445.4 |
67.9 |
|
Other Payables |
95.4 |
138.4 |
143.5 |
-53.9 |
6.3 |
|
Advances Received |
- |
- |
- |
14.8 |
4.4 |
|
Deposits Withheld |
- |
- |
- |
-13.1 |
6.2 |
|
Settlement of Drivative Tansactions |
-24.6 |
-16.3 |
9.3 |
- |
- |
|
Accrued Expenses |
- |
- |
- |
20.2 |
-16.3 |
|
Accrued Inc Tax |
- |
- |
- |
98.9 |
155.0 |
|
Unearned Income |
- |
- |
- |
2.5 |
2.8 |
|
Dividend Income, A/L |
1.7 |
1.0 |
1.1 |
- |
0.1 |
|
Insurance Settlement Proceeds |
- |
- |
- |
69.8 |
- |
|
Payment-Retirement Bonus |
- |
- |
- |
-61.2 |
-71.0 |
|
Reserve-Severance & Retirement Benefit |
- |
- |
- |
0.6 |
0.9 |
|
Nation Pension Fund |
- |
- |
- |
0.7 |
1.1 |
|
LT Accrued Expense |
- |
- |
- |
- |
25.9 |
|
Retirement Insurance |
- |
- |
- |
-1.1 |
-13.9 |
|
Retiremt Allow Paymt |
-41.3 |
-96.7 |
-44.1 |
- |
- |
|
Other Operating Cash Flow |
-14.2 |
-0.3 |
10.9 |
- |
- |
|
Deferred Taxes-Current Asset |
- |
- |
- |
-35.6 |
-28.0 |
|
Deferred Income Tax Debit |
- |
- |
- |
-7.7 |
-10.0 |
|
Deferred Income Tax Credit, A/L |
- |
- |
- |
-17.4 |
-79.6 |
|
Cash from Operating Activities |
2,022.2 |
2,168.3 |
1,732.3 |
894.5 |
1,269.1 |
|
|
|
|
|
|
|
|
Dec-LT Loans |
- |
- |
- |
0.0 |
0.8 |
|
Decrease Ohter Receivable |
93.5 |
247.0 |
118.0 |
- |
- |
|
Decrease-LT Receivable |
11.4 |
6.8 |
2.7 |
- |
- |
|
Decrease-Other Non-Current Assets |
- |
- |
0.2 |
- |
- |
|
Decrease-Investment Securities |
- |
- |
- |
0.1 |
0.0 |
|
Disposal-Securities under Equity Method |
- |
- |
- |
- |
1.7 |
|
Disposal-ST Investment Assets |
- |
- |
- |
121.8 |
5.9 |
|
Decreased Ohter LT Financial Assets |
0.0 |
0.5 |
5.7 |
- |
- |
|
Dec-LT Finl Asset |
- |
- |
- |
0.1 |
0.0 |
|
Decrease-Derivatives |
- |
- |
- |
58.5 |
- |
|
Dec-Guarantee Deposits |
- |
- |
- |
29.3 |
12.8 |
|
Decrease-Tangible Assets |
4.4 |
4.4 |
29.2 |
- |
- |
|
Disp-Land |
- |
- |
- |
6.9 |
12.2 |
|
Disposal of Building |
- |
- |
- |
0.8 |
1.2 |
|
Disp-Structure |
- |
- |
- |
0.0 |
0.0 |
|
Disp-Machinery |
- |
- |
- |
14.7 |
6.3 |
|
Disp-Vehicles |
- |
- |
- |
0.6 |
0.8 |
|
Disp-Tools/Equipment |
- |
- |
- |
3.4 |
3.1 |
|
Disp-Fixtures |
- |
- |
- |
0.2 |
0.1 |
|
Decrease-Intangible Assets |
- |
0.2 |
0.6 |
0.5 |
0.5 |
|
Increase-ST Investment Assets |
- |
- |
- |
-134.8 |
-120.1 |
|
Increase-Other Receivables |
-99.8 |
-164.3 |
-83.7 |
- |
- |
|
Inc-LT Finl Asset |
-1.6 |
-0.5 |
-3.1 |
- |
- |
|
Increase in LT Other Receivable |
-22.8 |
-11.3 |
-3.5 |
- |
- |
|
Increase-ST Guarantee Deposit |
- |
- |
- |
-0.7 |
0.0 |
|
Decrease-Other LT Assets |
- |
- |
- |
21.2 |
1.8 |
|
Decrease-Other LT Assets |
- |
- |
- |
-24.0 |
-23.9 |
|
Increase-Investment Securities |
- |
- |
- |
-0.5 |
0.0 |
|
Inc-Affiliates Stock |
- |
-53.6 |
- |
-0.8 |
- |
|
Inc-Investment Securities in Affiliates |
-37.4 |
-12.3 |
-15.8 |
- |
- |
|
Inc-Guarantee Dep |
- |
- |
- |
-21.9 |
-10.9 |
|
Increase-Other Non-Current Assets |
- |
- |
-0.1 |
- |
- |
|
Inc-LT Loans |
- |
- |
- |
-0.1 |
-1.0 |
|
Increase-Tangible Assets |
-1,981.6 |
-1,398.6 |
-861.3 |
- |
- |
|
Acq-Building |
- |
- |
- |
-0.2 |
0.0 |
|
Acq-Structure |
- |
- |
- |
-0.3 |
-0.1 |
|
Acq-Machinery |
- |
- |
- |
-9.0 |
-2.8 |
|
Acq-Transportation |
- |
- |
- |
-0.8 |
-0.8 |
|
Acq-Tools/Equipmt |
- |
- |
- |
-13.2 |
-16.7 |
|
Acq-Fixtures |
- |
- |
- |
-4.2 |
-7.4 |
|
Acq-Constructn Prog |
- |
- |
- |
-648.7 |
-631.5 |
|
Acq-Mach. in Transit |
- |
- |
- |
-146.3 |
-67.8 |
|
Acq-Intangibles |
-24.5 |
-21.0 |
-18.4 |
-38.7 |
-20.9 |
|
Cash from Investing Activities |
-2,058.4 |
-1,402.7 |
-829.6 |
-786.2 |
-856.7 |
|
|
|
|
|
|
|
|
Inc-ST Borrowings |
- |
- |
- |
296.5 |
266.3 |
|
Increase-Borrowings |
1,242.3 |
200.4 |
111.5 |
- |
- |
|
Inc-Bonds |
- |
- |
- |
131.4 |
101.2 |
|
Inc-LT Borrowing |
- |
- |
- |
106.4 |
225.8 |
|
Proceeds from Issuance of Bonds |
- |
- |
234.0 |
- |
- |
|
Dec-ST Borrowings |
- |
- |
- |
-17.8 |
-144.3 |
|
Payment-Dividends |
-287.6 |
-242.1 |
-165.0 |
-151.7 |
-78.5 |
|
Dec-Curr LT Liabs |
- |
- |
- |
-578.6 |
-507.2 |
|
Dec-LT Borrowings |
- |
- |
- |
-4.5 |
-32.3 |
|
Increase-Security Deposit Received |
- |
- |
- |
0.2 |
0.5 |
|
Acq-Treasury Stock |
- |
0.0 |
-1.8 |
- |
- |
|
Disposal-Treasury Stock |
- |
- |
- |
19.5 |
- |
|
Redemption-Borrowings |
-891.2 |
-501.3 |
-469.1 |
- |
- |
|
Decrease-Security Deposit |
- |
- |
- |
-0.6 |
-1.0 |
|
Dec-Minority Interest |
- |
- |
- |
-19.9 |
-37.5 |
|
Consolid Scope Adj. |
- |
- |
- |
0.0 |
-205.0 |
|
Cash Inflow-Merger |
- |
- |
- |
- |
209.2 |
|
Subsidiaries' Capital Increase |
- |
3.0 |
5.4 |
- |
- |
|
Decrease in Derivatives |
-6.7 |
- |
22.3 |
- |
- |
|
Cash Outflow-Business Spin-Off |
- |
- |
-181.3 |
- |
- |
|
Cash from Financing Activities |
56.9 |
-540.0 |
-444.0 |
-219.0 |
-202.9 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-10.4 |
0.5 |
5.8 |
41.5 |
9.2 |
|
Net Change in Cash |
10.2 |
226.1 |
464.5 |
-69.3 |
218.8 |
|
|
|
|
|
|
|
|
Cash Interest Paid |
79.5 |
70.8 |
90.1 |
- |
- |
|
Cash Taxes Paid |
621.5 |
366.2 |
459.0 |
- |
- |
|
Net Cash - Beginning Balance |
1,234.8 |
957.0 |
402.4 |
536.6 |
416.7 |
|
Net Cash - Ending Balance |
1,245.0 |
1,183.1 |
867.0 |
467.3 |
635.5 |
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
|
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1131.034971 |
1107.891393 |
1095.603455 |
1101.856011 |
1120.28956 |
|
|
|
|
|
|
|
|
Net Income |
389.2 |
2,524.3 |
2,094.4 |
1,476.6 |
750.6 |
|
Depreciation |
173.1 |
668.8 |
500.1 |
331.5 |
159.0 |
|
Amortization of Intangible Assets |
3.7 |
14.2 |
10.6 |
6.7 |
3.3 |
|
Other Operating Activities |
11.9 |
-14.2 |
-74.6 |
- |
-39.2 |
|
Retirement and Severance Benefits |
12.5 |
39.7 |
30.7 |
20.2 |
10.0 |
|
Finance Income |
-27.0 |
-111.1 |
-208.9 |
-67.9 |
-52.7 |
|
Finance Expense |
35.8 |
149.3 |
254.3 |
54.4 |
47.8 |
|
Other Expenses of Non-Cash Transactions |
-4.0 |
-9.2 |
-5.4 |
-1.2 |
-2.0 |
|
Gain-Foreign Exchange Transaction |
-15.2 |
7.6 |
- |
- |
-10.1 |
|
Gain/Loss-Foreign Exchange Transaction |
- |
- |
-40.4 |
-40.5 |
- |
|
Gains on Sale of Property, Plant and Equ |
0.0 |
-2.1 |
-1.7 |
-1.6 |
-1.4 |
|
Losses on Sale of Property, Plant and Eq |
0.6 |
6.0 |
2.4 |
1.4 |
0.2 |
|
Losses on Sale of Intangible Assets |
0.5 |
0.0 |
0.0 |
0.0 |
- |
|
Inventory |
-127.3 |
-248.8 |
-314.0 |
-421.7 |
-118.7 |
|
Decrease or Increase in Trade Receivable |
-151.2 |
-481.7 |
-579.1 |
-632.2 |
-423.9 |
|
Other Receivables |
-49.5 |
-32.9 |
- |
- |
-45.0 |
|
Other Receivables,Non-Current |
- |
- |
-39.2 |
-37.6 |
- |
|
Increase or Decrease in Trade Payables |
326.5 |
155.7 |
27.6 |
251.0 |
141.5 |
|
Other Payables |
-36.7 |
95.4 |
152.5 |
73.6 |
217.0 |
|
Settlement of Derivative Transactions |
-0.3 |
- |
- |
- |
5.3 |
|
Derivatives Transaction |
- |
-24.6 |
-20.6 |
16.1 |
- |
|
Retirement and Severance Benefits Liabil |
0.3 |
- |
- |
- |
-0.9 |
|
Payment for Retirement and Severance Ben |
- |
- |
-3.3 |
-2.6 |
- |
|
Other Operating Activities Cash Flow |
- |
-41.3 |
- |
-51.3 |
- |
|
Cash-Interest Received |
6.8 |
26.3 |
19.6 |
14.0 |
7.9 |
|
Cash-Interest Paid |
-20.4 |
-79.5 |
-58.8 |
-38.4 |
-19.4 |
|
Dividends Received |
- |
1.7 |
1.6 |
0.0 |
0.0 |
|
Cash-Tax Paid |
-15.9 |
-621.5 |
-605.0 |
-388.7 |
-171.4 |
|
Cash from Operating Activities |
513.3 |
2,022.2 |
1,142.7 |
561.5 |
457.6 |
|
|
|
|
|
|
|
|
Decrease-Other Receivables |
22.5 |
93.5 |
69.3 |
40.2 |
2.1 |
|
Decrease-LT Loan & LT Other Receivable |
- |
- |
10.6 |
- |
- |
|
Decreased LT Other Receivables |
2.3 |
11.4 |
- |
8.8 |
2.6 |
|
Decrease-LT Financial Assets |
- |
- |
- |
0.0 |
0.0 |
|
Decrease-Other Non-Current Financial Ass |
- |
0.0 |
0.0 |
- |
- |
|
Decrease-Tangible Assets |
0.2 |
4.4 |
2.5 |
2.4 |
2.3 |
|
Increase-Other Receivables |
-27.3 |
-99.8 |
-76.1 |
-47.6 |
-8.8 |
|
Increase-LT Loans |
- |
- |
-13.2 |
-10.7 |
- |
|
Increase-LT Other Receivables |
-4.7 |
-22.8 |
- |
- |
-8.0 |
|
Increase-Other Non-Current Financial Ass |
- |
-1.6 |
-1.7 |
-1.6 |
0.0 |
|
Purchase of Investment in Associates&Joi |
- |
-37.4 |
-36.7 |
-36.5 |
-18.1 |
|
Increase-Tangible Assets |
-436.7 |
-1,981.6 |
-1,432.6 |
-984.0 |
-451.0 |
|
Increase-Intangible Assets |
-6.8 |
-24.5 |
-18.2 |
-12.0 |
-4.1 |
|
Cash from Investing Activities |
-450.5 |
-2,058.4 |
-1,496.0 |
-1,041.1 |
-483.0 |
|
|
|
|
|
|
|
|
Increase-Borrowings |
751.1 |
1,242.3 |
610.7 |
471.1 |
273.5 |
|
Redemption-Borrowings |
-432.3 |
-891.2 |
-171.1 |
-45.1 |
-17.0 |
|
Payments in Dividends |
- |
-287.6 |
-291.8 |
-267.3 |
- |
|
Decrease in Derivatives |
- |
-6.7 |
- |
- |
- |
|
Cash from Financing Activities |
318.8 |
56.9 |
147.7 |
158.7 |
256.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
2.2 |
-10.4 |
17.2 |
-22.2 |
-4.5 |
|
Net Change in Cash |
383.8 |
10.2 |
-188.4 |
-343.1 |
226.6 |
|
|
|
|
|
|
|
|
Cash Interest Paid |
20.4 |
79.5 |
58.8 |
38.4 |
19.4 |
|
Cash Taxes Paid |
15.9 |
621.5 |
605.0 |
388.7 |
171.4 |
|
Net Cash - Beginning Balance |
1,219.6 |
1,234.8 |
1,248.7 |
1,241.6 |
1,221.1 |
|
Net Cash - Ending Balance |
1,603.4 |
1,245.0 |
1,060.3 |
898.5 |
1,447.8 |
|
|
|
Financials in: As Reported (mil)
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Financials in: As Reported (mil)
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Financials in: As Reported (mil)
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Financials in: As Reported (mil)
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.66 |
|
UK Pound |
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial condition
(40%) Ownership background
(20%) Payment record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.