MIRA INFORM REPORT
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Report Date : |
27.10.2012 |
IDENTIFICATION DETAILS
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Name : |
DONGBU STEEL CO., LTD. |
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Registered Office : |
18F Dongbu Financial Center, 891-10, Daechi 4-Dong,
Gangnam-Gu Gangnam-Gu, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.10.1982 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
manufacturer
of steel products |
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No. of Employees : |
1,768 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
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 |
SOUTH KOREA - ECONOMIC OVERVIEW
South Korea over the past
four decades has demonstrated incredible growth and global integration to
become a high-tech industrialized economy. In the 1960s, GDP per capita was
comparable with levels in the poorer countries of Africa and Asia. In 2004,
South Korea joined the trillion dollar club of world economies, and currently
is among the world's 20 largest economies. Initially, a system of close
government and business ties, including directed credit and import
restrictions, made this success possible. The government promoted the import of
raw materials and technology at the expense of consumer goods, and encouraged
savings and investment over consumption. The Asian financial crisis of 1997-98
exposed longstanding weaknesses in South Korea''s development model including
high debt/equity ratios and massive short-term foreign borrowing. GDP plunged
by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous
economic reforms following the crisis, including greater openness to foreign
investment and imports. Growth moderated to about 4% annually between 2003 and
2007. With the global economic downturn in late 2008, South Korean GDP growth
slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to
recover, in large part due to export growth, low interest rates, and an
expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South
Korea Free Trade Agreement was ratified by both governments and is projected to
go into effect in early 2012. The South Korean economy''s long term challenges
include a rapidly aging population, inflexible labor market, and heavy reliance
on exports - which comprise half of GDP.
Source
: CIA
Company name & address
Dongbu Steel Co., Ltd.
18F Dongbu Financial Center
891-10, Daechi 4-Dong, Gangnam-Gu
Gangnam-Gu
Seoul, 135523
Korea, Republic of
Tel: 82-2-34508114
Fax: 82-2-34508500
Web: www.dongbusteel.com
Synthesis
Employees: 1,768
Company Type: Public Subsidiary
Corporate Family: 29
Companies
Ultimate Parent: Dongbu Group
Traded: Korea Stock Exchange: 016380
Incorporation Date:
27-Oct-1982
Auditor: KPMG LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: South
Korean Won
Annual Sales: 3,844.7 1
Net Income: (195.8)
Total Assets: 4,609.6 2
Market Value: 207.1 (29-Jun-2012)
Business Description
Dongbu Steel Co., Ltd. is a Korea-based company engaged in the manufacture of steel products. The Company’s products include hot-rolled steel sheets used for steel structures, bridges, ships, automobiles; cold-rolled steel sheets used for automobiles, household appliances and others; galvanized steel sheets used in construction materials and others; pre-painted metal sheets used in external and internal construction materials, show-cases and others; electrolytic tin plates (TPs) and tin free steel (TFS) sheets used for beverage and food containers, electronic parts and others; H-beams used in warehouse, debris barriers, apartment roofing materials and others, as well as pipes, pre-engineered metal building systems and others. For the fiscal year ended 31 December 2010, Dongbu Steel's revenues increased 41% to W3.727T. The Company's net loss applicable to Common Stock totaled W27.51B, vs. an income of W49.53B. Revenues reflect increased domestic & overseas demands for various steel products. Net income was offset by increased interest expense, exclusion of gain on disposal of equity method securities and decreased gain on foreign exchange transaction.
Industry
Industry Construction - Supplies and
Fixtures
ANZSIC 2006: 2110 - Iron
Smelting and Steel Manufacturing
NACE 2002: 2732 - Cold
rolling of narrow strip
NAICS 2002: 331221 - Rolled
Steel Shape Manufacturing
UK SIC 2003: 2732 - Cold
rolling of narrow strip
US SIC 1987: 3316 - Cold-Rolled
Steel Sheet, Strip, and Bars
Key Executives
|
Name |
Title |
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Jun Gi Kim |
Chairman of the Board, Co-Chief Executive Officer |
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Gil Sang Cho |
Vice President |
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Gwang Hui Han |
President and Co-Chief Executive Officer |
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Soo Il Lee |
President |
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Si Young Yoo |
Auditor |
Significant
Developments
|
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Korea's 40 Richest: Gaming Bonanza |
30-Apr-2012 |
|
Strong Yen Dents Thai Food Can Makers |
25-Sep-2011 |
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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
Location
18F Dongbu Financial Center
891-10, Daechi 4-Dong, Gangnam-Gu
Gangnam-Gu
Seoul, 135523
Korea, Republic of
Tel: 82-2-34508114
Fax: 82-2-34508500
Web: www.dongbusteel.com
Quote Symbol - Exchange
016380 - Korea Stock
Exchange
Sales KRW(mil): 4,259,506.0
Assets KRW(mil): 5,310,310.0
Employees: 1,768
Fiscal Year End: 31-Dec-2011
Industry: Construction - Supplies and Fixtures
Incorporation Date: 27-Oct-1982
Company Type: Public Subsidiary
Quoted Status: Quoted
Vice Chairman of the
Board,
Co-Chief Executive Officer: Jong
Geun Lee
Company Web Links
Corporate History/Profile
Employment Opportunities
Executives
Financial Information
Home Page
News Releases
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2110 - Iron Smelting and Steel Manufacturing
2122 - Steel Pipe and Tube Manufacturing
NACE 2002 Codes:
2732 - Cold rolling of narrow strip
2721 - Manufacture of cast iron tubes
NAICS 2002 Codes:
331210 - Iron and Steel Pipe and Tube Manufacturing from Purchased
Steel
331221 - Rolled Steel Shape Manufacturing
US SIC 1987:
3316 - Cold-Rolled Steel Sheet, Strip, and Bars
3317 - Steel Pipe and Tubes
UK SIC 2003:
2721 - Manufacture of cast iron tubes
2732 - Cold rolling of narrow strip
Business
Description
Dongbu Steel Co., Ltd. is a Korea-based company engaged in the manufacture of steel products. The Company’s products include hot-rolled steel sheets used for steel structures, bridges, ships, automobiles; cold-rolled steel sheets used for automobiles, household appliances and others; galvanized steel sheets used in construction materials and others; pre-painted metal sheets used in external and internal construction materials, show-cases and others; electrolytic tin plates (TPs) and tin free steel (TFS) sheets used for beverage and food containers, electronic parts and others; H-beams used in warehouse, debris barriers, apartment roofing materials and others, as well as pipes, pre-engineered metal building systems and others. For the fiscal year ended 31 December 2010, Dongbu Steel's revenues increased 41% to W3.727T. The Company's net loss applicable to Common Stock totaled W27.51B, vs. an income of W49.53B. Revenues reflect increased domestic & overseas demands for various steel products. Net income was offset by increased interest expense, exclusion of gain on disposal of equity method securities and decreased gain on foreign exchange transaction.
More Business
Descriptions
Manufacture and sales of steel products; non-ferrous alloys, steel
structures, machinery and plant; total furniture systems and pre-engineered
buildings
Steel Products Mfg
Dongbu
Steel Co., Ltd. (Dongbu Steel) is an affiliate of Dongbu group. The company is
engaged in the production of steel products. Dongbu Steel manufacturers cold-rolled
steel sheet, galvanized steel sheet, pre-coated metal sheet, hot-dip galvanized
steel, electrolytic galvanized steel, tin plate and hot rolled steel and serves
them to various industries. The company has an annual production capacity of 3
million tons of steel.The company has two production facilities: Incheon Works
and Pohang Works. The company’s Incheon Works facility is involved in the
production of hot-dip galvanized steel sheets, pre-coated metal, tin plates,
medium and large radius pipes and light H-beams. Pohang Works carries out
production activities of cold head quality wires, CD-bars and pre-engineered
metal buildings. The company offered products are used for automotive,
industrial machinery and electronic appliance parts.The company holds patents
for Steel products including apparatus for assorting steel rods, Nano inorganic
coating composition and manufacturing method of a zinc coated steel, Cr-Free
surface treatment compositions having high chemical resistance, corrosion
resistance and lubricating property. The patents for New Materials include
process using magnetic force for manufacturing colored-steel sheet and
manufactured colored-steel sheet, and colored-steel sheet and paint
compositions coated for sparkling formations.The cold-rolled steel sheet of
Dongbu Steel is used in automobiles, home electrical appliances, construction,
and office equipment. The company’s galvanized steel sheet is used for
automotive parts, home electrical appliances, and construction materials. The
company is engaged in the production of pre-coated metal sheet, which used in
the external/internal construction materials and home electrical appliances.
The company manufacturers electrolytic tin plate/tin free steel for optical
cables, oil cans, fancy cans, beverage cans, food cans, bottle caps, and
electronic parts. Dongbu Steel’s Cold Head Quality wires are find application
in the production of nuts and bolts.The company’s electrolytic tin plates and
tin free sheets are used for automobiles, home appliances and architecture
construction. It manufactures cold heading quality wires and cold drawn bars
that can be used in the production of fasteners such as bolts, nuts and screws,
as well as the manufacturing of automotive parts and home electrical appliances.
The company produces pipes and welded light H beams for connecting materials of
drain channels, greenhouse and others.Dongbu Steel operates Technology Research Center
for increasing the competitive edge through the development of new products and
materials. The company is engaged in the research of core materials for
industries, including cold-rolled and coating steel sheet, steel pipes and
wires. It aims at developing new products and technologies, research core and
element technologies, and improves processes.In May 2010, Dongbu Steel signed a
memorandum of understanding (MOU) with Australia-based BlueScope Steel Ltd. The
company also signed an MOU with the Korean company Kermas Limited for
cooperation on iron ore and titanium development in Stoffberg mine.
Dongbu Steel Co.,
Ltd. (Dongbu Steel) is a manufacturer and distributor of steel products. Dongbu
Steel is a part of the conglomerate Dongbu Group. The company is engaged in the
production of hot-rolled steel sheet, cold-rolled steel sheet, galvanized steel
sheet and pre-coated metal sheet. In addition, the company produces TP/TFS,
steel pipes, H-Beam, cold heading quality wires, cold drawn bar and
pre-engineered metal building system (PEB). Dongbu Steel serves products to
sectors such as automobiles, home electrical appliances, factory warehouses,
industrial machines and construction materials. The company operates in Korea,
Japan and the US. The company is headquartered at Seoul, Korea.The company
reported revenues of (Won) KRW 4,259,506.24 million during the fiscal year
ended December 2011, an increase of 16.02% over 2010. The operating profit of
the company was KRW 23,359.41 million during the fiscal year 2011, a decrease
of 77.54% from 2010. The net loss of the company was KRW 216,875.87 million during
the fiscal year 2011, as compared to a net loss of KRW 32,838.37 million during
2010.
Dongbu Steel
(South Korea) commenced production of cold rolled steel sheet in Korea in 1967
and has contributed to the development of key industries of Korea, such as
automobile manufacturing, electronics and construction. Products include cold
rolled steel sheets, galvanised steel sheets, prepainted steel sheets, tin
plates, medium and large diameter pipes, welded light H beams, PEB, cold
heading quality wires and cold drawn steel bars.
Iron and Steel
Mills and Ferroalloy Manufacturing
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Corporate Family |
Corporate
Structure News: |
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Dongbu Group |
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Dongbu Steel Co., Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Seoul |
Korea, Republic of |
Miscellaneous Financial Services |
1.0 |
312 |
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Affiliates |
Seoul |
Korea, Republic of |
Insurance (Property and Casualty) |
8,829.7 |
4,524 |
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Subsidiary |
Seoul |
Korea, Republic of |
Insurance (Life) |
1,460.5 |
492 |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Investment Services |
|
250 |
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Affiliates |
Seoul |
Korea, Republic of |
Semiconductors |
|
1,800 |
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Affiliates |
Seoul |
Korea, Republic of |
Construction - Supplies and Fixtures |
3,844.7 |
1,768 |
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Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Construction - Supplies and Fixtures |
|
219 |
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Affiliates |
Seoul |
Korea, Republic of |
Construction Services |
2,120.4 |
1,661 |
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Subsidiary |
Seoul |
Korea, Republic of |
Semiconductors |
498.4 |
2,567 |
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Subsidiary |
Seoul |
Korea, Republic of |
Computer Services |
461.3 |
1,102 |
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Subsidiary |
Seoul |
Korea, Republic of |
Investment Services |
965.3 |
1,064 |
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Subsidiary |
Kangnam-Gu |
Korea, Republic of |
Business Services |
150.5 |
739 |
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Division |
Seoul |
Korea, Republic of |
Business Services |
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Subsidiary |
Anyang, Kyonggi-Do |
Korea, Republic of |
Engineering Consultants |
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484 |
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Subsidiary |
Busan |
Korea, Republic of |
Miscellaneous Transportation |
50.1 |
150 |
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Subsidiary |
Inchon, Inchon |
Korea, Republic of |
Miscellaneous Transportation |
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15 |
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Affiliates |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
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1,200 |
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Affiliates |
Seoul |
Korea, Republic of |
Miscellaneous Transportation |
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1,100 |
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Affiliates |
Seoul |
Korea, Republic of |
Computer Networks |
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600 |
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Affiliates |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
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300 |
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Affiliates |
Seoul |
Korea, Republic of |
Commercial Banks |
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103 |
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Affiliates |
Suwon |
Korea, Republic of |
Business Services |
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50 |
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Affiliates |
Seoul |
Korea, Republic of |
Investment Services |
1,069.0 |
47 |
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Affiliates |
Daejeon |
Korea, Republic of |
Business Services |
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45 |
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Affiliates |
Seoul |
Korea, Republic of |
Consumer Financial Services |
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Affiliates |
Suwon |
Korea, Republic of |
Business Services |
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Affiliates |
Ulsan |
Korea, Republic of |
Business Services |
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Affiliates |
Daejeon |
Korea, Republic of |
Business Services |
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Affiliates |
Seoul |
Korea, Republic of |
Investment Services |
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Competitors Report
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Company Name |
Location |
Employees |
Ownership |
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Dongkuk Steel Mill Co., Ltd |
Seoul, Korea, Republic of |
1,933 |
Public |
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Hyundai HYSCO |
Ulsan, Korea, Republic of |
1,428 |
Public |
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Hyundai Steel Company |
Incheon, Korea, Republic of |
8,579 |
Public |
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Seah Besteel Corporation |
Seoul, Korea, Republic of |
1,503 |
Public |
|
Seah Steel Corp |
Seoul, Korea, Republic of |
853 |
Public |
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Union Steel Hldgs Ltd. |
Singapore, Singapore |
150 |
Public |
Executive report
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Board of
Directors |
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Chairman of the Board, Co-Chief Executive Officer |
Chairman |
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Vice Chairman |
Vice-Chairman |
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Vice Chairman of the Board, Co-Chief Executive Officer |
Vice-Chairman |
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Vice President, Director |
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Director |
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Director |
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Non-Executive Independent Director |
Director/Board Member |
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Director |
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Non-Executive Independent Director |
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Director |
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Director |
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Director |
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Non-Executive Independent Director |
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Non-Executive Independent Director |
Director/Board Member |
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Executives |
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Co-President, Co-Chief Executive
Officer&Chief Financial Officer |
Chief Executive Officer |
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President and Co-Chief Executive Officer |
Chief Executive Officer |
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President & CEO |
Chief Executive Officer |
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Chairman and Co-Chief Executive Officer |
Chief Executive Officer |
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Chairman of the Board, Co-Chief Executive Officer |
Chief Executive Officer |
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Vice Chairman of the Board, Co-Chief Executive Officer |
Chief Executive Officer |
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Co-Chief Executive Officer |
Chief Executive Officer |
GMD |
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President |
President |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director |
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Managing Director |
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Managing Director-Business-Tinplate |
Managing Director |
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Assistant Managing Director |
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Managing Director-Human Resources |
Managing Director |
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Assistant Managing Director |
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Managing Director-Distribution |
Managing Director |
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Auditor |
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Manager-E-Business |
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Chief Technology Officer |
Information Executive |
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Senior Executive Vice President-Purchasing |
Purchasing Executive |
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Vice President |
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Vice President |
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Vice President |
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Vice President |
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Vice President |
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Vice President |
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Vice President |
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Vice President |
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Vice President |
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Vice President-Business-Cold Rolled |
Other |
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Vice President |
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Significant Developments
Dongbu Steel Co., Ltd. Appoints New Co-CEO Mar 30, 2012
Dongbu Steel Co., Ltd. announced that it has appointed Lee Jong Geun as its new Co-Chief Executive Officer (Co-CEO), replacing Lee Su Yil, effective March 30, 2012. The current Co-CEO, Kim Jun Gi, continues the duty as Co-CEO at the Company.
Dongbu Steel Co., Ltd. Announces Amendments to Dispense Capital in Dongbu Special Steel Co.,Ltd Feb 20, 2012
Dongbu Steel Co., Ltd. announced that it has made amendments to the dispensing capital in Dongbu Special Steel Co.,Ltd, initially announced on December 21, 2011. Now, the Company will sell 5,600,000 shares of Dongbu Special Steel Co.,Ltd, for KRW 70 billion, on February 23, 2012. After the transaction, the Company will hold 14,400,000 shares, or 72% of Dongbu Special Steel Co.,Ltd.
Dongbu Steel Co., Ltd. to Dispense Capital in Dongbu Special Steel Co.,Ltd Dec 21, 2011
Dongbu Steel Co., Ltd. announced that it has decided to sell 8 million shares of Dongbu Special Steel Co.,Ltd, which is engaged in the steel manufacturing business, for KRW 100 billion, to improve its financial structure. After the transaction, the Company holds 12 million shares, or 100% stake in Dongbu Special Steel Co.,Ltd.
Dongbu Steel Co., Ltd. Adjusts Exercise Price of 160th Bonds with Warrants Aug 12, 2011
Dongbu Steel Co., Ltd. announced that it will adjust the exercise price of its 160th bonds with warrants to KRW 8,360 from KRW 9,150 per share, effective August 13, 2011.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales Revenue |
3,844.7 |
3,175.2 |
2,066.9 |
2,872.2 |
2,452.9 |
|
Total Revenue |
3,844.7 |
3,175.2 |
2,066.9 |
2,872.2 |
2,452.9 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
3,629.3 |
2,918.3 |
1,924.2 |
2,661.6 |
2,307.1 |
|
Salaries and Wages |
26.0 |
22.0 |
14.3 |
20.4 |
18.0 |
|
Retirement and Severance Benefits |
2.3 |
1.9 |
1.6 |
2.1 |
1.9 |
|
Employee Benefits |
5.6 |
4.5 |
3.7 |
4.7 |
4.5 |
|
Travel Expenses |
3.6 |
3.3 |
2.2 |
3.4 |
2.9 |
|
Communication Exp. |
- |
- |
0.5 |
0.6 |
0.8 |
|
Utility Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Heating Mainten Exp |
- |
- |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
- |
- |
0.3 |
0.4 |
0.4 |
|
Repair Expenses |
- |
- |
0.2 |
0.1 |
0.1 |
|
Insurance Expenses |
- |
- |
0.5 |
0.6 |
0.7 |
|
Entertainment |
3.2 |
2.7 |
2.0 |
2.3 |
2.2 |
|
Activity Expenses |
- |
- |
0.4 |
1.2 |
0.8 |
|
Auditing Fee |
2.9 |
3.1 |
2.8 |
2.6 |
2.3 |
|
Award Expenses |
- |
- |
0.1 |
0.5 |
0.5 |
|
Expense-Consumable Goods |
- |
- |
0.3 |
0.2 |
0.2 |
|
Printing Expenses |
- |
- |
0.2 |
0.3 |
0.3 |
|
Vehicle Expenses |
- |
- |
0.5 |
0.6 |
0.6 |
|
Association Expense |
- |
- |
0.4 |
0.6 |
0.7 |
|
Education & Training |
- |
- |
0.8 |
2.1 |
1.6 |
|
Cargo Work Expense |
109.0 |
100.6 |
76.6 |
108.6 |
84.3 |
|
Sales Commissions |
5.3 |
4.8 |
3.2 |
4.1 |
5.7 |
|
Other Commission |
- |
- |
0.7 |
0.2 |
0.1 |
|
Services Expenses |
- |
- |
- |
- |
0.1 |
|
Outsourcing Expense |
7.0 |
4.8 |
4.3 |
2.8 |
1.8 |
|
Expenses of Allowance for Doubtful
Accou |
2.5 |
1.3 |
- |
3.5 |
6.1 |
|
Expenses for Samples |
- |
- |
0.4 |
0.7 |
1.0 |
|
Sales Loss Compen. |
- |
- |
1.6 |
2.0 |
3.7 |
|
Overseas Branch Exp. |
- |
- |
1.3 |
1.5 |
1.4 |
|
Testing Expense |
- |
- |
- |
0.0 |
0.0 |
|
Miscellaneous Operating Expenses |
- |
- |
1.1 |
0.0 |
0.0 |
|
Rental Expenses |
8.7 |
6.7 |
5.8 |
4.4 |
3.3 |
|
Advertising Expenses |
- |
- |
0.8 |
0.9 |
1.1 |
|
Development Costs |
1.9 |
2.6 |
1.3 |
2.4 |
2.1 |
|
Depreciation |
2.8 |
1.9 |
2.7 |
3.2 |
3.7 |
|
Amortization of Intangible Assets |
3.5 |
1.8 |
1.6 |
3.8 |
4.3 |
|
Other Selling and Administrative
Expense |
12.4 |
10.7 |
- |
- |
- |
|
Adjustment for Selling and
Administrativ |
0.0 |
0.0 |
- |
- |
- |
|
Reversal of Allowance for Doubtful
Accou |
-0.6 |
- |
- |
- |
- |
|
Rental Income |
-0.6 |
- |
- |
- |
- |
|
Gain on Disposal of Property,
Plant and |
-0.2 |
-0.1 |
- |
- |
- |
|
Gain on Disposal of Intangible
Assets |
-0.1 |
- |
- |
- |
- |
|
Miscellaneous Income |
-3.7 |
-6.7 |
- |
- |
- |
|
Adjustment for Other Operating
Income |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Property,
Plant and |
- |
0.1 |
- |
- |
- |
|
Loss on Disposal of Intangible
Assets |
0.0 |
0.0 |
- |
- |
- |
|
Donations Paid |
0.5 |
0.2 |
- |
- |
- |
|
Miscellaneous Loss |
2.2 |
0.6 |
- |
- |
- |
|
Adjustment for Other Operating
Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
3,823.6 |
3,085.3 |
2,056.4 |
2,842.6 |
2,464.3 |
|
|
|
|
|
|
|
|
Interest Income |
6.3 |
5.6 |
5.9 |
13.6 |
4.1 |
|
Adjustment for Finance Income |
0.0 |
0.0 |
- |
- |
- |
|
Dividend Income |
1.0 |
0.9 |
0.0 |
5.0 |
0.1 |
|
Gain on Foreign Currency
Transactions |
53.3 |
40.7 |
111.3 |
72.1 |
13.0 |
|
Gain on Foreign Currency
Translations |
2.3 |
11.2 |
19.1 |
36.4 |
2.5 |
|
Gain on Currency Forwards
Transactions |
0.6 |
- |
0.5 |
4.3 |
- |
|
Gain-Currency Swap Transaction |
- |
- |
- |
3.2 |
- |
|
G-Dispose Securities avail. for
Sale |
- |
- |
- |
167.3 |
0.0 |
|
Gain on Disposal of Financial
Assets Hel |
0.3 |
- |
- |
- |
- |
|
Gain-Disposal of Equity Method
Sec. |
- |
- |
16.1 |
- |
142.7 |
|
Gain-Disposal of Investment Assets |
- |
- |
0.4 |
- |
- |
|
Gain Currency Future Valuations |
- |
- |
- |
- |
1.2 |
|
Gain-Valuation of Currency Swap |
- |
- |
- |
- |
0.2 |
|
Gain on Conversion of Convertible
Bonds |
- |
8.8 |
- |
- |
- |
|
Recovery of Impaiment Losses on
Financia |
0.0 |
0.0 |
- |
0.0 |
- |
|
G-Reduction Loss of Sec
Held-to-Maturity |
- |
- |
- |
- |
0.0 |
|
G-Tang Asset Disp. |
- |
- |
6.1 |
0.0 |
0.0 |
|
Recovery-Loan Loss Reserve |
- |
- |
5.0 |
- |
- |
|
Other Non-Op. Income |
- |
- |
3.8 |
1.1 |
1.1 |
|
Interest Expenses |
-179.2 |
-138.4 |
-54.9 |
-63.2 |
-90.0 |
|
Adjustment for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Foreign Currency
Transactions |
-49.1 |
-55.9 |
-87.4 |
-255.6 |
-11.9 |
|
Loss on Foreign Currency Translations |
-25.2 |
-5.3 |
-9.0 |
-57.5 |
-8.3 |
|
Loss on Currency Forwards
Transaction |
-0.2 |
- |
-0.3 |
- |
- |
|
Loss on Redemption of Bonds |
-0.2 |
-0.4 |
-1.5 |
- |
- |
|
Loss on Disposal of Financial
Instrument |
0.0 |
- |
- |
-92.1 |
-30.6 |
|
L-Inv Asset Disposal |
- |
- |
- |
0.0 |
- |
|
Impairment Loss on Financial
Instruments |
-0.8 |
- |
- |
- |
- |
|
L-Trade Rcv Disposal |
- |
- |
-8.5 |
-10.7 |
-7.6 |
|
L-Tang Asset Disp. |
- |
- |
-1.4 |
-0.2 |
0.0 |
|
Other Amortization |
- |
- |
- |
- |
0.0 |
|
Donations Paid |
- |
- |
-0.4 |
0.0 |
-0.1 |
|
Other Non-Op Expense |
- |
- |
-0.2 |
-0.3 |
-1.8 |
|
Provision-Guarantee Payment
Reserve |
- |
- |
- |
-0.1 |
-0.7 |
|
Gain under Equity Method |
1.4 |
2.6 |
1.2 |
0.3 |
48.8 |
|
Loss under Equity Method |
-1.5 |
0.0 |
- |
-1.2 |
-0.3 |
|
Net Income Before Taxes |
-169.9 |
-40.2 |
16.3 |
-147.9 |
51.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
25.9 |
-18.6 |
-23.9 |
-65.2 |
26.7 |
|
Net Income After Taxes |
-195.8 |
-21.6 |
40.2 |
-82.7 |
24.5 |
|
|
|
|
|
|
|
|
Earning Before Acquisition of
Subsidiary |
- |
- |
- |
- |
11.9 |
|
Minority Interest |
0.0 |
-0.4 |
-0.9 |
-0.6 |
-2.5 |
|
Net Income Before Extra. Items |
-195.8 |
-22.0 |
39.3 |
-83.3 |
33.9 |
|
Gain on Discontinued Operations |
- |
-6.4 |
- |
- |
- |
|
Net Income |
-195.8 |
-28.4 |
39.3 |
-83.3 |
33.9 |
|
|
|
|
|
|
|
|
Preferred Dividends |
- |
-0.4 |
-0.5 |
-0.5 |
-0.8 |
|
Income Available to Com Excl ExtraOrd |
-195.8 |
-22.4 |
38.8 |
-83.7 |
33.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-195.8 |
-28.8 |
38.8 |
-83.7 |
33.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
48.8 |
48.8 |
33.2 |
33.4 |
31.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
-4.01 |
-0.46 |
1.17 |
-2.51 |
1.04 |
|
Basic EPS Including ExtraOrdinary Item |
-4.01 |
-0.59 |
1.17 |
-2.51 |
1.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.5 |
|
Diluted Net Income |
-195.8 |
-28.8 |
38.8 |
-83.7 |
33.6 |
|
Diluted Weighted Average Shares |
48.8 |
48.8 |
33.9 |
33.4 |
33.0 |
|
Diluted EPS Excluding ExtraOrd Items |
-4.01 |
-0.46 |
1.15 |
-2.51 |
1.02 |
|
Diluted EPS Including ExtraOrd Items |
-4.01 |
-0.59 |
1.15 |
-2.51 |
1.02 |
|
DPS-Common Stock |
0.00 |
0.13 |
0.16 |
0.12 |
0.23 |
|
Gross Dividends - Common Stock |
0.0 |
6.3 |
7.6 |
3.9 |
7.3 |
|
Normalized Income Before Taxes |
-170.2 |
-40.2 |
20.0 |
-137.0 |
59.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
25.8 |
-18.6 |
-22.6 |
-61.4 |
30.6 |
|
Normalized Income After Taxes |
-196.0 |
-21.6 |
42.7 |
-75.6 |
28.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-195.9 |
-22.4 |
41.3 |
-76.7 |
37.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-4.02 |
-0.46 |
1.24 |
-2.29 |
1.16 |
|
Diluted Normalized EPS |
-4.02 |
-0.46 |
1.22 |
-2.29 |
1.14 |
|
Interest Expense, Supplemental |
179.2 |
138.4 |
54.9 |
63.2 |
90.0 |
|
Interest Capitalized |
-16.0 |
-39.7 |
-62.2 |
-21.2 |
- |
|
Rental Expense, Supplemental |
8.7 |
6.7 |
5.8 |
4.4 |
3.3 |
|
Advertising Expense |
- |
- |
0.8 |
0.9 |
1.1 |
|
R&D Expense, Supplemental |
2.7 |
3.3 |
1.4 |
2.4 |
2.7 |
|
Depreciation, Supplemental |
151.5 |
123.1 |
67.3 |
77.8 |
89.2 |
|
Amort of Intangibles, Supplemental |
4.1 |
1.8 |
1.6 |
4.1 |
4.1 |
|
Amort of Acquisition Costs |
- |
- |
- |
- |
0.3 |
|
Amort of Negative Goodwill |
- |
- |
- |
- |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
39.3 |
70.2 |
36.6 |
26.3 |
58.9 |
|
ST Marketable Secs. |
- |
- |
- |
- |
6.4 |
|
Current Securities
Available-for-Sale |
5.6 |
- |
- |
25.1 |
- |
|
Current Securities
Held-to-Maturities |
- |
0.0 |
0.2 |
0.8 |
1.5 |
|
Other Financial Instruments |
35.7 |
2.3 |
14.8 |
51.3 |
6.4 |
|
Adjustment for Other Financial
Instrumen |
- |
0.0 |
- |
- |
- |
|
Trade Receivables, Gross |
588.9 |
483.5 |
327.7 |
282.5 |
353.0 |
|
Allowance for Doubtful Accounts
for Trad |
-2.0 |
-0.9 |
-0.5 |
-5.1 |
-5.6 |
|
Adjustment for Trade Receivables |
0.0 |
0.0 |
- |
- |
- |
|
ST Loans |
0.9 |
0.9 |
- |
3.0 |
0.8 |
|
Account Receivables |
6.1 |
5.6 |
15.1 |
9.2 |
8.0 |
|
Receivable-Recovery of Taxes |
- |
- |
0.6 |
1.6 |
- |
|
Accrued Income |
0.9 |
0.5 |
0.9 |
0.5 |
0.3 |
|
Adjustment for Other Receivables |
0.0 |
0.0 |
- |
- |
- |
|
Advance Payments |
0.7 |
6.5 |
0.3 |
23.0 |
0.1 |
|
Prepaid Expenses |
9.0 |
7.0 |
8.6 |
4.8 |
5.5 |
|
Prepaid Income Taxes |
- |
1.2 |
- |
- |
- |
|
Prepaid Value Added Taxes |
7.1 |
10.4 |
8.6 |
5.2 |
9.1 |
|
Current Financial Business Assets |
- |
- |
83.6 |
116.1 |
146.9 |
|
Currency Futures |
- |
- |
- |
- |
1.2 |
|
Guarantee Deposits, Operation |
- |
- |
0.0 |
0.0 |
0.0 |
|
Guarantee Deposits, Current Assets |
0.4 |
2.2 |
- |
- |
- |
|
Dfrd Taxes |
- |
- |
22.4 |
16.3 |
2.7 |
|
Finished Goods |
127.3 |
149.5 |
77.3 |
70.3 |
116.1 |
|
Merchandise |
2.1 |
2.6 |
0.5 |
1.4 |
1.1 |
|
Residual Products |
5.0 |
3.9 |
2.5 |
33.5 |
0.9 |
|
Semi-finish Good |
88.3 |
108.5 |
59.8 |
31.1 |
42.9 |
|
Works in Process |
3.5 |
2.6 |
2.0 |
0.3 |
2.0 |
|
Raw Materials |
162.9 |
193.3 |
143.3 |
123.2 |
104.0 |
|
Stored Goods |
88.7 |
79.9 |
74.0 |
45.8 |
50.7 |
|
Goods in Transit |
70.1 |
54.0 |
40.7 |
38.8 |
41.4 |
|
Adjustment for Inventories |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Assets |
1,240.3 |
1,183.8 |
919.1 |
905.0 |
954.6 |
|
|
|
|
|
|
|
|
Non-Current Financial Instruments |
0.4 |
0.1 |
1.1 |
0.8 |
1.0 |
|
Non-Current Securities
Available-for-Sal |
87.6 |
105.7 |
99.6 |
15.5 |
436.0 |
|
Securities held till Maturity |
- |
20.0 |
17.3 |
15.0 |
2.4 |
|
Other Investments Assets |
- |
6.1 |
5.9 |
- |
- |
|
Adjustment for Other Non-Curent Financia |
- |
0.0 |
- |
- |
- |
|
Securities under equity Method |
40.0 |
39.5 |
11.5 |
44.6 |
36.0 |
|
LT Trade Rcvbls. |
1.4 |
1.8 |
1.0 |
1.2 |
0.8 |
|
Loans |
6.2 |
6.3 |
6.1 |
3.4 |
4.6 |
|
Adjustment for Other Non-Current
Receiva |
0.0 |
0.0 |
- |
- |
- |
|
Guarantee Deposits, Non-Current
Assets |
7.8 |
8.5 |
8.2 |
6.4 |
16.6 |
|
Non-Current Deferred Income Taxes
Assets |
3.2 |
1.0 |
- |
- |
- |
|
Lands |
885.6 |
895.9 |
872.3 |
815.7 |
296.5 |
|
Buildings |
355.8 |
355.3 |
209.1 |
196.7 |
263.6 |
|
Buildings Depre. |
-79.0 |
-71.8 |
-60.8 |
-51.4 |
-61.4 |
|
Structures |
188.1 |
187.3 |
98.3 |
93.2 |
125.3 |
|
Structure Depre. |
-39.8 |
-35.2 |
-27.4 |
-23.5 |
-27.7 |
|
Machineries & Equipments |
2,400.7 |
2,358.8 |
1,149.8 |
1,027.1 |
1,353.3 |
|
Machineries &
Equipments-Depreciation |
-793.5 |
-701.1 |
-587.3 |
-488.9 |
-581.9 |
|
Vehicles |
2.1 |
2.2 |
1.9 |
1.7 |
2.3 |
|
Vehicles-Depreciation |
-1.7 |
-1.5 |
-1.3 |
-1.1 |
-1.4 |
|
Tools/Equipments |
59.5 |
59.6 |
43.9 |
39.0 |
49.0 |
|
Tool/Equip Depr. |
-45.3 |
-42.9 |
-38.9 |
-34.1 |
-43.4 |
|
Fixtures |
7.6 |
7.5 |
7.7 |
6.7 |
9.4 |
|
Deprec. Fixtures |
-6.4 |
-6.3 |
-6.3 |
-5.2 |
-6.5 |
|
Construc in Prog |
243.3 |
230.4 |
1,196.1 |
599.0 |
161.4 |
|
Adjustment for Property, Plant
& Equipme |
0.0 |
0.0 |
- |
- |
- |
|
Industrial Property Rights |
0.1 |
- |
0.0 |
0.0 |
0.0 |
|
Other Usage Right-Facility |
- |
- |
0.6 |
0.0 |
0.0 |
|
Docking Facilities Usage Rights |
4.3 |
5.4 |
5.8 |
6.0 |
8.9 |
|
Development Costs |
5.1 |
4.8 |
0.1 |
- |
- |
|
Membership Rights |
31.4 |
18.6 |
17.5 |
14.7 |
6.0 |
|
Software |
5.0 |
4.8 |
3.2 |
4.1 |
7.1 |
|
Other Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Intangible
Assets |
0.0 |
0.0 |
- |
- |
- |
|
Total Assets |
4,609.6 |
4,644.6 |
3,954.2 |
3,191.6 |
3,012.6 |
|
|
|
|
|
|
|
|
Current Trade Payables |
978.4 |
974.8 |
1,057.8 |
897.6 |
839.5 |
|
Other Payables |
12.7 |
5.7 |
4.4 |
3.5 |
8.2 |
|
Dividend Payables |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advance from Customers, Current
Liabilit |
2.9 |
1.1 |
3.8 |
10.6 |
1.6 |
|
Unearned Income |
0.1 |
0.1 |
0.9 |
1.7 |
2.0 |
|
Withholdings |
2.5 |
1.4 |
1.0 |
0.8 |
1.1 |
|
Accrued Expenses |
48.5 |
33.2 |
23.5 |
14.0 |
15.7 |
|
Income Taxes Payables |
2.9 |
0.1 |
- |
- |
3.5 |
|
Guarantee Dep. |
- |
- |
1.5 |
1.4 |
0.6 |
|
Guarantee Deposits Received |
1.3 |
1.6 |
- |
- |
- |
|
Current Borrowings |
386.5 |
325.9 |
325.0 |
287.3 |
179.7 |
|
Current Portion of Bonds |
342.4 |
231.9 |
- |
- |
- |
|
Current Portion of Long-term
Borrowings |
169.7 |
28.9 |
471.8 |
360.2 |
245.8 |
|
Discount on Debentures Issuance,
Current |
- |
- |
- |
- |
0.0 |
|
Reserve-Guarantee Payment Loss |
- |
- |
- |
- |
7.1 |
|
Currency Futures |
- |
- |
- |
- |
2.2 |
|
Adjustment for Other Current
Liabilities |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Liabilities |
1,947.9 |
1,604.6 |
1,889.7 |
1,577.1 |
1,307.0 |
|
|
|
|
|
|
|
|
Bonds |
377.8 |
408.9 |
265.0 |
167.6 |
378.6 |
|
Non-Current Borrowings |
837.5 |
973.1 |
324.2 |
221.7 |
203.7 |
|
Total Long Term Debt |
1,215.3 |
1,381.9 |
589.2 |
389.3 |
582.3 |
|
|
|
|
|
|
|
|
Retire Reserve |
- |
- |
22.0 |
7.8 |
7.6 |
|
Other Non-Current Financial
Liabilities |
0.1 |
0.1 |
- |
- |
- |
|
Deferred Income Taxes, Non-Current
Liabi |
132.3 |
117.9 |
97.7 |
105.0 |
55.8 |
|
Deposit-Retirement Insurance |
- |
- |
-0.2 |
- |
- |
|
Plan Assets |
- |
- |
-11.5 |
- |
- |
|
Transfer to National Pension Fund |
- |
- |
-0.1 |
- |
- |
|
Non-Current Fixed Benefit
Liabilities |
21.2 |
15.9 |
- |
- |
- |
|
Minority Interests |
4.3 |
- |
24.9 |
16.1 |
26.7 |
|
Total Liabilities |
3,321.1 |
3,120.5 |
2,611.7 |
2,095.3 |
1,979.4 |
|
|
|
|
|
|
|
|
Common Stock |
219.8 |
- |
217.4 |
112.6 |
145.8 |
|
Preferred Stock |
58.9 |
- |
58.2 |
53.8 |
72.5 |
|
Adjustment for Capital Stock |
0.0 |
- |
- |
- |
- |
|
Capital Stock |
- |
282.9 |
- |
- |
- |
|
Additional Paid in Capital |
85.3 |
86.5 |
- |
- |
- |
|
Consideration for Conversion
Rights |
2.8 |
2.8 |
- |
- |
- |
|
Consideration for Stock Warrants |
0.6 |
0.6 |
- |
- |
- |
|
Other Capital Surplus |
2.0 |
2.0 |
- |
- |
- |
|
Adjustment for Capital Surplus |
0.0 |
0.0 |
- |
- |
- |
|
Consolidated Capital Surplus |
- |
- |
420.4 |
367.0 |
486.3 |
|
Gain on Valuation of Securities
Availabl |
- |
0.9 |
20.5 |
1.1 |
158.9 |
|
Losses on Valuation of Securities
Availa |
-16.6 |
-0.9 |
-3.6 |
-7.9 |
-70.0 |
|
Revaluation Reserve |
- |
- |
497.1 |
464.4 |
- |
|
Capital Change, Equity Method |
5.1 |
4.8 |
3.7 |
3.6 |
2.8 |
|
Capital Change under Equity Method(Loss) |
0.0 |
-0.6 |
- |
-0.1 |
-0.1 |
|
Gain/Losses on Valuation of
Derivatives |
-0.1 |
-0.1 |
- |
- |
- |
|
Loss-Valuation of Interest Rate
Swap |
- |
- |
- |
- |
-0.1 |
|
Overseas Business Translation
Debit/Cred |
1.1 |
1.5 |
1.9 |
2.7 |
-1.8 |
|
Adjustment for Accumulated Other Compreh |
0.0 |
0.0 |
- |
- |
- |
|
Legal Reserves |
18.2 |
17.7 |
- |
- |
- |
|
Appropriated Retained Earnings for
Volun |
90.0 |
122.8 |
- |
- |
- |
|
Retained Earnings Carried Forward |
840.2 |
1,022.3 |
- |
- |
- |
|
Adjustment for Retained Earnings
or Accu |
0.0 |
0.0 |
- |
- |
- |
|
Consolidated Retained Earnings |
- |
- |
146.0 |
99.0 |
239.2 |
|
Treasury Stock |
-18.9 |
-19.7 |
-19.2 |
0.0 |
0.0 |
|
Gains on Disposal of Treasury
Stock |
0.2 |
0.6 |
- |
- |
- |
|
Adjustment for Other Capital Items |
0.0 |
0.0 |
- |
- |
- |
|
Total Equity |
1,288.5 |
1,524.1 |
1,342.5 |
1,096.3 |
1,033.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
4,609.6 |
4,644.6 |
3,954.2 |
3,191.6 |
3,012.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
48.8 |
48.8 |
48.8 |
33.4 |
32.2 |
|
Total Common Shares Outstanding |
48.8 |
48.8 |
48.8 |
33.4 |
32.2 |
|
T/S-Common Stock |
1.9 |
1.9 |
1.9 |
0.0 |
0.0 |
|
S/O-Preferred Stock |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
Total Preferred Shares Outstanding |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
T/S-Preferred Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
2.9 |
1.1 |
4.7 |
12.3 |
3.7 |
|
Accumulated Intangible Amort, Suppl. |
26.3 |
22.7 |
- |
- |
- |
|
Full-Time Employees |
1,809 |
1,919 |
1,772 |
1,753 |
1,570 |
|
Number of Common Shareholders |
- |
15,316 |
15,377 |
11,347 |
10,637 |
|
LT Debt 1 yr |
1,002.5 |
- |
472.2 |
360.6 |
245.8 |
|
LT Debt 2 yrs |
- |
- |
241.7 |
161.9 |
214.8 |
|
LT Debt 3 yrs |
- |
- |
168.9 |
99.6 |
202.7 |
|
LT Debt 4 yrs |
- |
- |
66.8 |
39.7 |
62.0 |
|
LT Debt 5 yrs |
1,364.1 |
- |
- |
- |
- |
|
LT Debt thereafter |
86.5 |
- |
112.5 |
91.4 |
112.2 |
|
Total Long Term Debt, Supplemental |
2,453.2 |
- |
1,062.1 |
753.1 |
837.6 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-195.8 |
-21.6 |
40.2 |
-82.7 |
36.4 |
|
Depreciation |
151.5 |
123.1 |
67.3 |
77.8 |
89.2 |
|
Amortization of Intangible Assets |
4.1 |
1.8 |
1.6 |
4.1 |
4.4 |
|
Expense of Allowance for Doubtful
Accoun |
2.5 |
1.3 |
- |
4.9 |
6.6 |
|
Amort-Other Bad Debt Expense |
- |
- |
- |
- |
0.0 |
|
Recovery of Allowance for Doubtful
Accou |
-0.6 |
- |
-5.0 |
- |
- |
|
Retirement and Severance Benefits |
8.1 |
6.3 |
5.4 |
5.5 |
6.7 |
|
Dividend Income |
-1.0 |
-0.9 |
- |
- |
- |
|
Interest Income |
-6.3 |
-5.6 |
- |
- |
- |
|
Interest Expenses |
179.2 |
138.4 |
3.8 |
3.3 |
1.1 |
|
Corporate Taxes Expense |
25.9 |
-18.6 |
- |
- |
- |
|
Taxes and Dues |
- |
- |
- |
- |
0.2 |
|
Provision-GuaranteePayment Reserve |
- |
- |
- |
0.1 |
0.7 |
|
Gains on Conversion of Convertible
Bonds |
- |
-8.8 |
- |
- |
- |
|
Gains on Foreign Currency
Translation |
-2.3 |
-11.2 |
-19.1 |
-36.4 |
-2.5 |
|
G-Currency Swap Valuation |
- |
- |
- |
- |
-0.2 |
|
G-Currency Futr Valuation |
- |
- |
- |
- |
-1.2 |
|
Losses on Foreign Currency
Translation |
25.2 |
5.3 |
9.0 |
57.5 |
8.3 |
|
L-Trade Rcv Disp. |
- |
- |
8.5 |
10.7 |
7.6 |
|
Loss on Redemption of Bonds |
0.2 |
0.4 |
1.5 |
- |
- |
|
Loss on Disposal of Property,
Plant and |
- |
0.1 |
1.4 |
0.2 |
0.0 |
|
Loss on Disposal of Intangible
Assets |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Financial
Assets Ava |
0.0 |
- |
- |
92.2 |
30.7 |
|
Loss-Investment Assets Disposal |
- |
- |
- |
0.0 |
- |
|
Loss-Valuation of Inventory |
- |
- |
- |
42.8 |
- |
|
Impairment Loss on Financial
Assets Avai |
0.8 |
- |
- |
- |
- |
|
L-Equity Method Valuation |
1.5 |
0.0 |
- |
1.2 |
0.3 |
|
Gain on Disposal of Property,
Plant and |
-0.2 |
-0.1 |
-6.1 |
0.0 |
0.0 |
|
Gain on Disposal of Intangible
Assets |
-0.1 |
- |
- |
- |
- |
|
Gain-Disp. of Securities/Equity
Method |
- |
- |
-16.1 |
- |
-142.7 |
|
G-Dispose Securities avail. for
Sale |
- |
- |
- |
-167.3 |
-0.5 |
|
Gain on Disposal of Securities
Held-to-m |
-0.3 |
- |
- |
- |
- |
|
G-Dispose ST Mkt Securities |
- |
- |
- |
-0.3 |
-0.2 |
|
Gain-Disposal of Investment Assets |
- |
- |
-0.4 |
- |
- |
|
G-Valuation ST Mkt Securities |
- |
- |
- |
- |
0.0 |
|
Reverse-Loss Redcution Secs held
Mature |
- |
- |
- |
- |
0.0 |
|
Recovery of Impairment Loss on
Financial |
0.0 |
0.0 |
- |
0.0 |
- |
|
G-Equity Method Val. |
-1.4 |
-2.6 |
-1.2 |
-0.3 |
-48.8 |
|
Recovery-Inventory Valuation Loss |
- |
- |
-38.9 |
- |
- |
|
Earning Before Acquisition of
Subsidiary |
- |
- |
- |
- |
-11.9 |
|
Adjustment for Added
Expense/Deducted In |
0.0 |
0.0 |
- |
- |
- |
|
Trade Receivables |
-64.4 |
1.0 |
-27.9 |
-22.0 |
-8.7 |
|
LT Trade Rcvbls. |
-0.4 |
-1.8 |
0.4 |
-2.8 |
-1.5 |
|
Other Receivables |
14.9 |
6.3 |
14.1 |
-1.8 |
-5.2 |
|
Accrued Income |
- |
- |
-0.2 |
0.1 |
1.0 |
|
Corporate Tax Refundable |
- |
- |
0.6 |
-1.9 |
0.3 |
|
Inventories |
40.1 |
-202.7 |
14.3 |
-126.3 |
-51.0 |
|
Advance Payments |
0.5 |
-6.3 |
3.3 |
-26.2 |
-0.1 |
|
Prepaid Expenses |
2.4 |
-1.1 |
-2.4 |
-3.1 |
-2.3 |
|
Prepaid Value Added Taxes |
- |
- |
-2.8 |
1.8 |
2.9 |
|
Deferred Taxes-Asset |
- |
- |
-5.3 |
-15.4 |
-30.8 |
|
Guarant Dep-Operat |
- |
- |
0.0 |
0.3 |
0.0 |
|
Guarantee Deposit |
- |
- |
0.0 |
- |
- |
|
Finance Bussiness Assets |
- |
- |
38.2 |
-9.9 |
-22.8 |
|
Trade Payables |
-43.3 |
-139.8 |
70.3 |
265.2 |
40.6 |
|
Other Payables |
7.4 |
1.1 |
0.5 |
-2.8 |
1.1 |
|
Advance from Customers |
1.9 |
-2.7 |
-7.0 |
10.7 |
0.3 |
|
Guarantee Deposits |
- |
- |
0.0 |
0.8 |
-0.1 |
|
Unearned Income |
- |
- |
-1.2 |
0.2 |
0.8 |
|
Accrued Expenses |
12.7 |
1.9 |
7.8 |
1.4 |
-0.3 |
|
Accrued Dividends |
- |
- |
0.0 |
- |
- |
|
Accrued Income Taxes |
- |
- |
0.5 |
-2.9 |
2.4 |
|
Currency Forwards, A/L |
- |
- |
- |
1.0 |
- |
|
Currency Swap, A/L |
- |
- |
- |
-1.7 |
- |
|
Deposits Withheld |
- |
- |
0.1 |
0.0 |
-0.4 |
|
Other Current Liabilities |
1.0 |
0.6 |
- |
- |
- |
|
Deferred Taxes-Liab., Current |
- |
- |
- |
- |
0.0 |
|
Deferred Taxes-Liab. |
- |
- |
-18.4 |
-50.5 |
44.5 |
|
Payment for Retirement Allowance |
-3.0 |
-2.6 |
-1.2 |
-5.0 |
-5.7 |
|
Retirement Insurance |
- |
- |
7.3 |
1.5 |
-0.6 |
|
National Pension Fund |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Retirement Pension Operating Fund |
- |
- |
-10.5 |
- |
- |
|
Succession to Affiliates' Fixed
Benefit |
0.0 |
0.0 |
- |
- |
- |
|
Plan Assets |
-2.1 |
0.1 |
- |
- |
- |
|
Reserve-Severance & Retirement
Benefit |
- |
- |
0.0 |
- |
0.1 |
|
Adjustment for Change in Assets
& Liabil |
0.0 |
0.0 |
- |
- |
- |
|
Cash-Interest Received |
6.0 |
6.0 |
- |
- |
- |
|
Cash-Dividend Income |
1.0 |
1.4 |
- |
0.0 |
9.9 |
|
Cash-Tax Paid |
-1.0 |
-0.4 |
- |
- |
- |
|
Discontinued Operations |
- |
-35.6 |
- |
- |
- |
|
Cash from Operating Activities |
164.7 |
-167.2 |
132.6 |
24.2 |
-41.4 |
|
|
|
|
|
|
|
|
Disposal of Other Financial
Instruments |
564.2 |
13.8 |
- |
- |
- |
|
Decrease-ST Financial Assets |
- |
- |
38.9 |
5.5 |
- |
|
Dec-LT Finl Assets |
- |
- |
0.0 |
0.2 |
0.7 |
|
Dispose-ST Mkt Securities |
- |
- |
- |
122.6 |
112.1 |
|
Disp-Current Port Securities
held-Mature |
- |
- |
0.8 |
1.3 |
5.0 |
|
Disp-Securities held-Mature |
- |
- |
- |
- |
0.0 |
|
Disp-ST Securities
Available-for-Sale |
- |
- |
23.4 |
- |
- |
|
Disposal of Securities
Available-for-Sal |
0.6 |
0.0 |
0.0 |
288.7 |
18.5 |
|
Dispose-Securities under Equity
Method |
- |
4.2 |
27.4 |
- |
208.8 |
|
Decrease-ST Loans |
- |
- |
- |
0.9 |
- |
|
Decrease in LT Loans |
- |
- |
0.0 |
0.1 |
1.0 |
|
Decrease in Other Non-Current Receivable |
1.4 |
1.9 |
- |
- |
- |
|
Dec-Guarantee Dep |
- |
- |
1.2 |
9.0 |
3.0 |
|
Decrease-Guarantee Payment Loss
Reserve |
- |
- |
- |
-6.1 |
- |
|
Disposal of Land |
- |
- |
9.2 |
- |
2.8 |
|
Disposal-Buildings |
- |
- |
3.7 |
- |
- |
|
Disposal Machinery |
- |
- |
0.3 |
0.0 |
0.0 |
|
Disposal-Transportation |
- |
- |
- |
0.0 |
- |
|
Disposal-Tools & Supplies |
- |
- |
0.0 |
0.0 |
- |
|
Disposal-Supplies |
- |
- |
0.0 |
0.7 |
- |
|
Disposal of Property, Plant and
Equipmen |
0.7 |
1.9 |
- |
- |
- |
|
Dec-Member Enrol Rgt |
- |
- |
0.6 |
0.0 |
0.1 |
|
Disposal of Intangible Assets |
0.3 |
0.0 |
- |
- |
- |
|
Inc-ST Finl Assets |
- |
- |
- |
-58.7 |
-6.5 |
|
Purchase of Other Financial
Instruments |
-583.5 |
- |
- |
- |
- |
|
Acq-ST Mkt Securities |
- |
- |
- |
-116.8 |
-111.9 |
|
Acq-Securities avail. for Sale |
-7.0 |
-7.6 |
-22.4 |
-2.7 |
-20.4 |
|
Purchase of Other Non-Current
Finacial I |
-0.1 |
-2.2 |
- |
- |
- |
|
Acq-Securities held till Maturity |
- |
- |
-1.2 |
-16.1 |
-1.1 |
|
Increase-Securities under Equity
Method |
-0.2 |
- |
- |
-18.8 |
- |
|
Inc-LT Finl Assets |
- |
- |
-0.8 |
-0.3 |
-1.1 |
|
Increase in ST Loans |
- |
- |
- |
-2.4 |
- |
|
Increase in LT Loans |
- |
- |
- |
-0.1 |
-1.3 |
|
Inc in Guarant Depos |
- |
- |
-2.3 |
-2.2 |
-11.0 |
|
Increase in Other
Non-CurrentReceivables |
-0.7 |
-3.2 |
- |
- |
- |
|
Increase in Other Receivables |
-10.0 |
-0.9 |
- |
- |
- |
|
Increase-Structure |
- |
- |
- |
0.0 |
- |
|
Increase-Machinery & Equipment |
- |
- |
0.0 |
- |
- |
|
Acq. in Tools/Equip. |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Inc. Const. In Prog |
- |
- |
-542.4 |
-578.8 |
-172.4 |
|
Purchase of Property, Plant and
Equipmen |
-119.7 |
-141.2 |
- |
- |
- |
|
Increase-Software |
- |
- |
- |
-0.5 |
- |
|
Inc-MemberEnroll Rgt |
- |
- |
-1.7 |
-11.8 |
-3.0 |
|
Purchase of Intangible Assets |
-8.4 |
- |
- |
- |
- |
|
Discontinued Operations |
- |
-1.4 |
- |
- |
- |
|
Cash from Investing Activities |
-162.5 |
-134.5 |
-465.1 |
-386.4 |
23.4 |
|
|
|
|
|
|
|
|
Increase in Current Borrowings |
53.6 |
16.8 |
317.3 |
1,322.1 |
1,827.1 |
|
Increase in Non-Current Borrowings |
62.5 |
877.4 |
323.2 |
79.0 |
139.9 |
|
Increase in Bonds |
296.0 |
386.5 |
285.2 |
272.7 |
243.7 |
|
Disposal Treas. Stk |
- |
- |
- |
- |
5.0 |
|
Capital Increase |
- |
- |
109.3 |
- |
- |
|
Capital Increase-Subscription
Warrant |
0.0 |
0.0 |
0.0 |
- |
- |
|
Dec-ST Borrowings |
- |
- |
-288.2 |
-1,135.5 |
-1,958.5 |
|
Decrease-LT Borrowings |
- |
- |
0.0 |
-0.2 |
- |
|
Call Redemption of Non-Current
Borrowing |
- |
-271.0 |
- |
- |
- |
|
Dec-Current LT Liabs |
- |
- |
-348.0 |
-166.4 |
-184.3 |
|
Decrease in Current Portion of
Long-Term |
-44.5 |
-90.0 |
- |
- |
- |
|
Decrease in Bonds |
-210.1 |
-440.0 |
-7.8 |
-24.5 |
-20.6 |
|
Decrease-Convertible Bond |
- |
- |
-25.2 |
- |
- |
|
Increase in Treasury Stocks |
-2.4 |
- |
-17.5 |
- |
- |
|
Dividend Paid |
-7.1 |
-9.0 |
-3.7 |
-7.5 |
-4.0 |
|
Increase-Expense for Bond Issuance |
- |
- |
-1.8 |
- |
- |
|
Increase-Expense for Stock
Issuance |
- |
- |
-3.3 |
0.0 |
- |
|
Cash Outflow-Consol. Capital
Transaction |
- |
- |
1.7 |
-2.7 |
- |
|
Inc due to Con Scope |
- |
- |
1.4 |
- |
-30.6 |
|
Minority Interest |
4.5 |
- |
- |
- |
- |
|
Cash-Interest Paid |
-185.3 |
-167.4 |
- |
- |
- |
|
Discontinued Operations in
Cashflows fro |
- |
36.2 |
- |
- |
- |
|
Discontinued Operations in Cash
and Cas |
- |
0.8 |
- |
- |
- |
|
Cash from Financing Activities |
-32.6 |
340.4 |
342.6 |
337.0 |
17.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.7 |
-0.5 |
-2.6 |
5.3 |
8.7 |
|
Net Change in Cash |
-31.1 |
38.1 |
7.4 |
-20.0 |
8.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
71.9 |
30.8 |
26.0 |
50.1 |
50.9 |
|
Net Cash - Ending Balance |
40.8 |
68.9 |
33.4 |
30.1 |
59.3 |
|
Cash Interest Paid |
185.3 |
167.4 |
- |
- |
- |
|
Cash Taxes Paid |
1.0 |
0.4 |
- |
- |
- |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual
units)
|
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate (Period
Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
3,844.7 |
3,175.2 |
2,066.9 |
2,872.2 |
2,452.9 |
|
Revenue |
3,844.7 |
3,175.2 |
2,066.9 |
2,872.2 |
2,452.9 |
|
Total Revenue |
3,844.7 |
3,175.2 |
2,066.9 |
2,872.2 |
2,452.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
3,629.3 |
2,918.3 |
1,924.2 |
2,661.6 |
2,307.1 |
|
Cost of Revenue, Total |
3,629.3 |
2,918.3 |
1,924.2 |
2,661.6 |
2,307.1 |
|
Gross Profit |
215.4 |
256.9 |
142.7 |
210.6 |
145.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative
Expense |
154.5 |
138.0 |
105.2 |
143.4 |
121.5 |
|
Labor & Related Expense |
33.9 |
28.4 |
19.7 |
27.2 |
24.4 |
|
Advertising Expense |
- |
- |
0.8 |
0.9 |
1.1 |
|
Total Selling/General/Administrative Expenses |
188.4 |
166.4 |
125.6 |
171.5 |
147.1 |
|
Research & Development |
1.9 |
2.6 |
1.3 |
2.4 |
2.1 |
|
Depreciation |
2.8 |
1.9 |
2.7 |
3.2 |
3.7 |
|
Amortization of Intangibles |
3.5 |
1.8 |
1.6 |
3.8 |
4.3 |
|
Depreciation/Amortization |
6.3 |
3.8 |
4.3 |
7.1 |
8.0 |
|
Loss (Gain) on Sale of Assets -
Operating |
-0.3 |
0.0 |
- |
- |
- |
|
Unusual Expense (Income) |
-0.3 |
0.0 |
- |
- |
- |
|
Other Operating Expense |
2.7 |
0.9 |
1.1 |
0.0 |
0.0 |
|
Other, Net |
-4.8 |
-6.7 |
- |
- |
- |
|
Other Operating Expenses, Total |
-2.1 |
-5.8 |
1.1 |
0.0 |
0.0 |
|
Total Operating Expense |
3,823.6 |
3,085.3 |
2,056.4 |
2,842.6 |
2,464.3 |
|
|
|
|
|
|
|
|
Operating Income |
21.1 |
90.0 |
10.4 |
29.6 |
-11.4 |
|
|
|
|
|
|
|
|
Interest
Expense - Non-Operating |
-179.2 |
-138.4 |
-54.9 |
-63.2 |
-90.0 |
|
Interest Expense, Net
Non-Operating |
-179.2 |
-138.4 |
-54.9 |
-63.2 |
-90.0 |
|
Interest
Income - Non-Operating |
6.6 |
5.6 |
5.9 |
13.6 |
4.1 |
|
Investment
Income - Non-Operating |
-18.4 |
2.7 |
50.4 |
-117.7 |
157.4 |
|
Interest/Investment Income -
Non-Operating |
-11.8 |
8.3 |
56.3 |
-104.1 |
161.6 |
|
Interest Income (Expense) - Net
Non-Operating |
0.0 |
0.0 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-191.0 |
-130.2 |
1.4 |
-167.3 |
71.6 |
|
Gain (Loss) on Sale of Assets |
- |
- |
-3.8 |
-10.9 |
-7.6 |
|
Other Non-Operating Income
(Expense) |
- |
- |
8.2 |
0.7 |
-1.5 |
|
Other, Net |
- |
- |
8.2 |
0.7 |
-1.5 |
|
Income Before Tax |
-169.9 |
-40.2 |
16.3 |
-147.9 |
51.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
25.9 |
-18.6 |
-23.9 |
-65.2 |
26.7 |
|
Income After Tax |
-195.8 |
-21.6 |
40.2 |
-82.7 |
24.5 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
-0.4 |
-0.9 |
-0.6 |
-2.5 |
|
Equity In Affiliates |
- |
- |
- |
- |
11.9 |
|
Net Income Before Extraord Items |
-195.8 |
-22.0 |
39.3 |
-83.3 |
33.9 |
|
Discontinued Operations |
- |
-6.4 |
- |
- |
- |
|
Total Extraord Items |
- |
-6.4 |
- |
- |
- |
|
Net Income |
-195.8 |
-28.4 |
39.3 |
-83.3 |
33.9 |
|
|
|
|
|
|
|
|
Preferred Dividends |
- |
-0.4 |
-0.5 |
-0.5 |
-0.8 |
|
Total Adjustments to Net Income |
- |
-0.4 |
-0.5 |
-0.5 |
-0.8 |
|
Income Available to Common Excl Extraord Items |
-195.8 |
-22.4 |
38.8 |
-83.7 |
33.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-195.8 |
-28.8 |
38.8 |
-83.7 |
33.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
48.8 |
48.8 |
33.2 |
33.4 |
31.9 |
|
Basic EPS Excl Extraord Items |
-4.01 |
-0.46 |
1.17 |
-2.51 |
1.04 |
|
Basic/Primary EPS Incl Extraord Items |
-4.01 |
-0.59 |
1.17 |
-2.51 |
1.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.5 |
|
Diluted Net Income |
-195.8 |
-28.8 |
38.8 |
-83.7 |
33.6 |
|
Diluted Weighted Average Shares |
48.8 |
48.8 |
33.9 |
33.4 |
33.0 |
|
Diluted EPS Excl Extraord Items |
-4.01 |
-0.46 |
1.15 |
-2.51 |
1.02 |
|
Diluted EPS Incl Extraord Items |
-4.01 |
-0.59 |
1.15 |
-2.51 |
1.02 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.13 |
0.16 |
0.12 |
0.23 |
|
Gross Dividends - Common Stock |
0.0 |
6.3 |
7.6 |
3.9 |
7.3 |
|
Interest Expense, Supplemental |
179.2 |
138.4 |
54.9 |
63.2 |
90.0 |
|
Interest Capitalized, Supplemental |
-16.0 |
-39.7 |
-62.2 |
-21.2 |
- |
|
Depreciation, Supplemental |
151.5 |
123.1 |
67.3 |
77.8 |
89.2 |
|
Total Special Items |
-0.3 |
0.0 |
3.8 |
10.9 |
7.9 |
|
Normalized Income Before Tax |
-170.2 |
-40.2 |
20.0 |
-137.0 |
59.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-0.1 |
0.0 |
1.3 |
3.8 |
3.9 |
|
Inc Tax Ex Impact of Sp Items |
25.8 |
-18.6 |
-22.6 |
-61.4 |
30.6 |
|
Normalized Income After Tax |
-196.0 |
-21.6 |
42.7 |
-75.6 |
28.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-195.9 |
-22.4 |
41.3 |
-76.7 |
37.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-4.02 |
-0.46 |
1.24 |
-2.29 |
1.16 |
|
Diluted Normalized EPS |
-4.02 |
-0.46 |
1.22 |
-2.29 |
1.14 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
- |
0.3 |
|
Amort of Intangibles, Supplemental |
4.1 |
1.8 |
1.6 |
4.1 |
4.1 |
|
Rental Expenses |
8.7 |
6.7 |
5.8 |
4.4 |
3.3 |
|
Advertising Expense, Supplemental |
- |
- |
0.8 |
0.9 |
1.1 |
|
Research & Development Exp, Supplemental |
2.7 |
3.3 |
1.4 |
2.4 |
2.7 |
|
Normalized EBIT |
20.8 |
90.0 |
10.4 |
29.6 |
-11.4 |
|
Normalized EBITDA |
176.3 |
214.9 |
79.3 |
111.6 |
82.2 |
Interim Income Statement
Standardized
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 |
Updated Normal |
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 |
861.5 |
861.6 |
978.4 |
1,047.4 |
962.6 |
|
Revenue |
861.5 |
861.6 |
978.4 |
1,047.4 |
962.6 |
|
Total Revenue |
861.5 |
861.6 |
978.4 |
1,047.4 |
962.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
829.3 |
834.0 |
937.0 |
958.0 |
904.2 |
|
Cost of Revenue, Total |
829.3 |
834.0 |
937.0 |
958.0 |
904.2 |
|
Gross Profit |
32.2 |
27.6 |
41.4 |
89.4 |
58.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
49.2 |
48.3 |
51.7 |
48.0 |
48.7 |
|
Total Selling/General/Administrative Expenses |
49.2 |
48.3 |
51.7 |
48.0 |
48.7 |
|
Other Operating Expense |
0.3 |
-77.3 |
74.5 |
5.5 |
0.3 |
|
Other, Net |
-1.4 |
51.5 |
-18.8 |
-20.9 |
-1.0 |
|
Other Operating Expenses, Total |
-1.1 |
-25.7 |
55.7 |
-15.4 |
-0.7 |
|
Total Operating Expense |
877.4 |
856.5 |
1,044.5 |
990.5 |
952.3 |
|
|
|
|
|
|
|
|
Operating Income |
-15.9 |
5.0 |
-66.1 |
56.9 |
10.3 |
|
|
|
|
|
|
|
|
Investment Income -
Non-Operating |
0.0 |
-1.2 |
0.0 |
0.5 |
0.6 |
|
Interest/Investment Income - Non-Operating |
0.0 |
-1.2 |
0.0 |
0.5 |
0.6 |
|
Interest Income (Expense) - Net Non-Operating |
-33.6 |
-52.4 |
-53.7 |
-43.6 |
-26.8 |
|
Interest Income (Expense) - Net Non-Operating Total |
-33.6 |
-53.6 |
-53.7 |
-43.1 |
-26.2 |
|
Income Before Tax |
-49.5 |
-48.6 |
-119.8 |
13.8 |
-15.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
-5.6 |
46.4 |
-25.0 |
2.1 |
0.3 |
|
Income After Tax |
-43.9 |
-95.0 |
-94.8 |
11.7 |
-16.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
0.0 |
- |
- |
- |
|
Net Income Before Extraord Items |
-43.7 |
-95.0 |
-94.8 |
11.7 |
-16.1 |
|
Net Income |
-43.7 |
-95.0 |
-94.8 |
11.7 |
-16.1 |
|
|
|
|
|
|
|
|
Preferred Dividends |
0.0 |
0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Total Adjustments to Net Income |
0.0 |
0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Income Available to Common Excl Extraord Items |
-43.7 |
-94.6 |
-95.0 |
11.6 |
-16.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-43.7 |
-94.6 |
-95.0 |
11.6 |
-16.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
48.8 |
48.8 |
48.8 |
48.8 |
48.7 |
|
Basic EPS Excl Extraord Items |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Basic/Primary EPS Incl Extraord Items |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-43.7 |
-94.6 |
-95.0 |
11.6 |
-16.2 |
|
Diluted Weighted Average Shares |
48.8 |
48.8 |
48.8 |
48.8 |
48.7 |
|
Diluted EPS Excl Extraord Items |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Diluted EPS Incl Extraord Items |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
44.1 |
43.6 |
46.3 |
45.9 |
43.5 |
|
Interest Capitalized, Supplemental |
-4.2 |
- |
- |
- |
- |
|
Depreciation, Supplemental |
37.6 |
36.9 |
38.7 |
38.8 |
37.1 |
|
Normalized Income Before Tax |
-49.5 |
-48.6 |
-119.8 |
13.8 |
-15.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-5.6 |
46.4 |
-25.0 |
2.1 |
0.3 |
|
Normalized Income After Tax |
-43.9 |
-95.0 |
-94.8 |
11.7 |
-16.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-43.7 |
-94.6 |
-95.0 |
11.6 |
-16.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Diluted Normalized EPS |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Amort of Intangibles, Supplemental |
0.9 |
1.3 |
0.9 |
0.9 |
0.9 |
|
Rental Expenses |
1.9 |
2.0 |
2.3 |
2.2 |
2.1 |
|
Research & Development Exp, Supplemental |
0.7 |
0.7 |
0.6 |
0.8 |
0.6 |
|
Normalized EBIT |
-15.9 |
5.0 |
-66.1 |
56.9 |
10.3 |
|
Normalized EBITDA |
22.6 |
43.2 |
-26.4 |
96.6 |
48.4 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
39.3 |
70.2 |
36.6 |
26.3 |
58.9 |
|
Short Term Investments |
41.3 |
2.3 |
15.1 |
77.2 |
14.4 |
|
Cash and Short Term Investments |
80.5 |
72.5 |
51.7 |
103.5 |
73.3 |
|
Accounts Receivable -
Trade, Gross |
588.9 |
483.5 |
327.7 |
282.5 |
353.0 |
|
Provision for Doubtful
Accounts |
-2.0 |
-0.9 |
-0.5 |
-5.1 |
-5.6 |
|
Trade Accounts Receivable - Net |
587.7 |
483.1 |
328.1 |
277.9 |
347.7 |
|
Other Receivables |
7.0 |
6.5 |
15.7 |
13.7 |
8.8 |
|
Total Receivables, Net |
594.7 |
489.6 |
343.8 |
291.7 |
356.5 |
|
Inventories - Finished Goods |
134.3 |
156.0 |
80.3 |
105.2 |
118.1 |
|
Inventories - Work In Progress |
91.8 |
111.1 |
61.8 |
31.4 |
44.9 |
|
Inventories - Raw Materials |
162.9 |
193.3 |
143.3 |
123.2 |
104.0 |
|
Inventories - Other |
159.5 |
140.4 |
115.0 |
107.6 |
92.2 |
|
Total Inventory |
548.5 |
600.8 |
400.4 |
367.5 |
359.3 |
|
Prepaid Expenses |
16.1 |
18.6 |
17.2 |
9.9 |
14.6 |
|
Deferred Income Tax - Current Asset |
- |
- |
22.4 |
16.3 |
2.7 |
|
Other Current Assets |
0.4 |
2.2 |
83.6 |
116.1 |
148.2 |
|
Other Current Assets, Total |
0.4 |
2.2 |
106.0 |
132.4 |
150.9 |
|
Total Current Assets |
1,240.3 |
1,183.8 |
919.1 |
905.0 |
954.6 |
|
|
|
|
|
|
|
|
Buildings |
543.9 |
542.6 |
307.4 |
289.9 |
388.9 |
|
Land/Improvements |
885.6 |
895.9 |
872.3 |
815.7 |
296.5 |
|
Machinery/Equipment |
2,469.9 |
2,428.1 |
1,203.4 |
1,074.5 |
1,414.0 |
|
Construction in
Progress |
243.3 |
230.4 |
1,196.1 |
599.0 |
161.4 |
|
Other
Property/Plant/Equipment |
0.0 |
0.0 |
- |
- |
- |
|
Property/Plant/Equipment - Gross |
4,142.6 |
4,097.0 |
3,579.2 |
2,779.2 |
2,260.8 |
|
Accumulated Depreciation |
-965.7 |
-858.8 |
-722.0 |
-604.3 |
-722.3 |
|
Property/Plant/Equipment - Net |
3,177.0 |
3,238.2 |
2,857.3 |
2,174.9 |
1,538.5 |
|
Intangibles, Net |
45.8 |
33.6 |
27.2 |
24.8 |
22.1 |
|
LT Investment - Affiliate Companies |
40.0 |
39.5 |
11.5 |
44.6 |
36.0 |
|
LT Investments - Other |
88.0 |
131.9 |
124.0 |
31.3 |
439.4 |
|
Long Term Investments |
128.0 |
171.4 |
135.4 |
75.9 |
475.4 |
|
Note Receivable - Long Term |
7.6 |
8.1 |
7.1 |
4.6 |
5.4 |
|
Deferred Income Tax - Long Term Asset |
3.2 |
1.0 |
- |
- |
- |
|
Other Long Term Assets |
7.8 |
8.5 |
8.2 |
6.4 |
16.6 |
|
Other Long Term Assets, Total |
11.0 |
9.5 |
8.2 |
6.4 |
16.6 |
|
Total Assets |
4,609.6 |
4,644.6 |
3,954.2 |
3,191.6 |
3,012.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
978.4 |
974.8 |
1,057.8 |
897.6 |
839.5 |
|
Accrued Expenses |
48.5 |
33.2 |
23.5 |
14.0 |
15.7 |
|
Notes Payable/Short Term Debt |
386.5 |
325.9 |
325.0 |
287.3 |
179.7 |
|
Current Portion - Long Term Debt/Capital Leases |
512.1 |
260.8 |
471.8 |
360.2 |
245.8 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
2.9 |
1.1 |
4.7 |
12.3 |
3.7 |
|
Security Deposits |
1.3 |
1.6 |
1.5 |
1.4 |
0.6 |
|
Income Taxes Payable |
2.9 |
0.1 |
- |
- |
3.5 |
|
Other Payables |
12.7 |
5.7 |
4.4 |
3.5 |
8.2 |
|
Other Current Liabilities |
2.5 |
1.4 |
1.0 |
0.8 |
10.4 |
|
Other Current liabilities, Total |
22.4 |
9.9 |
11.6 |
18.1 |
26.4 |
|
Total Current Liabilities |
1,947.9 |
1,604.6 |
1,889.7 |
1,577.1 |
1,307.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,215.3 |
1,381.9 |
589.2 |
389.3 |
582.3 |
|
Total Long Term Debt |
1,215.3 |
1,381.9 |
589.2 |
389.3 |
582.3 |
|
Total Debt |
2,114.0 |
1,968.6 |
1,385.9 |
1,036.8 |
1,007.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
132.3 |
117.9 |
97.7 |
105.0 |
55.8 |
|
Deferred Income Tax |
132.3 |
117.9 |
97.7 |
105.0 |
55.8 |
|
Minority Interest |
4.3 |
- |
24.9 |
16.1 |
26.7 |
|
Pension Benefits - Underfunded |
21.2 |
15.9 |
10.2 |
7.8 |
7.6 |
|
Other Long Term Liabilities |
0.1 |
0.1 |
- |
- |
- |
|
Other Liabilities, Total |
21.3 |
16.0 |
10.2 |
7.8 |
7.6 |
|
Total Liabilities |
3,321.1 |
3,120.5 |
2,611.7 |
2,095.3 |
1,979.4 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
58.9 |
- |
58.2 |
53.8 |
72.5 |
|
Preferred Stock - Non Redeemable, Net |
58.9 |
- |
58.2 |
53.8 |
72.5 |
|
Common Stock |
219.8 |
282.9 |
217.4 |
112.6 |
145.8 |
|
Common Stock |
219.8 |
282.9 |
217.4 |
112.6 |
145.8 |
|
Additional Paid-In Capital |
90.6 |
92.0 |
420.4 |
367.0 |
486.3 |
|
Retained Earnings (Accumulated Deficit) |
948.5 |
1,162.8 |
146.0 |
99.0 |
239.2 |
|
Treasury Stock - Common |
-18.9 |
-19.7 |
-19.2 |
0.0 |
0.0 |
|
Unrealized Gain (Loss) |
-11.6 |
4.1 |
517.7 |
461.2 |
91.5 |
|
Translation Adjustment |
1.1 |
1.5 |
1.9 |
2.7 |
-1.8 |
|
Other Equity |
0.2 |
0.6 |
- |
- |
- |
|
Other Comprehensive Income |
-0.1 |
-0.1 |
- |
- |
-0.1 |
|
Other Equity, Total |
1.2 |
2.0 |
1.9 |
2.7 |
-2.0 |
|
Total Equity |
1,288.5 |
1,524.1 |
1,342.5 |
1,096.3 |
1,033.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
4,609.6 |
4,644.6 |
3,954.2 |
3,191.6 |
3,012.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
48.8 |
48.8 |
48.8 |
33.4 |
32.2 |
|
Total Common Shares Outstanding |
48.8 |
48.8 |
48.8 |
33.4 |
32.2 |
|
Treasury Shares - Common Stock Primary Issue |
1.9 |
1.9 |
1.9 |
0.0 |
0.0 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
Total Preferred Stock Outstanding |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
Treasury Shares - Preferred Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
1,809 |
1,919 |
1,772 |
1,753 |
1,570 |
|
Number of Common Shareholders |
- |
15,316 |
15,377 |
11,347 |
10,637 |
|
Accumulated Intangible Amort, Suppl. |
26.3 |
22.7 |
- |
- |
- |
|
Deferred Revenue - Current |
2.9 |
1.1 |
4.7 |
12.3 |
3.7 |
|
Total Long Term Debt, Supplemental |
2,453.2 |
- |
1,062.1 |
753.1 |
837.6 |
|
Long Term Debt Maturing within 1 Year |
1,002.5 |
- |
472.2 |
360.6 |
245.8 |
|
Long Term Debt Maturing in Year 2 |
341.0 |
- |
241.7 |
161.9 |
214.8 |
|
Long Term Debt Maturing in Year 3 |
341.0 |
- |
168.9 |
99.6 |
202.7 |
|
Long Term Debt Maturing in Year 4 |
341.0 |
- |
66.8 |
39.7 |
62.0 |
|
Long Term Debt Maturing in Year 5 |
341.0 |
- |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
682.1 |
- |
410.7 |
261.5 |
417.5 |
|
Long Term Debt Maturing in 4-5 Years |
682.1 |
- |
66.8 |
39.7 |
62.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
86.5 |
- |
112.5 |
91.4 |
112.2 |
Interim Balance Sheet
Standardized
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 & Equivalents |
78.2 |
39.3 |
66.4 |
46.2 |
178.5 |
|
Short Term Investments |
40.9 |
41.3 |
24.4 |
16.7 |
26.5 |
|
Cash and Short Term Investments |
119.1 |
80.5 |
90.7 |
62.9 |
205.1 |
|
Accounts Receivable -
Trade, Gross |
595.9 |
588.9 |
626.1 |
614.3 |
- |
|
Provision for Doubtful
Accounts |
-1.5 |
-2.0 |
-4.0 |
-3.6 |
- |
|
Trade Accounts Receivable - Net |
595.7 |
587.7 |
623.1 |
611.5 |
545.9 |
|
Other Receivables |
6.5 |
7.0 |
7.4 |
7.1 |
17.8 |
|
Total Receivables, Net |
602.2 |
594.7 |
630.5 |
618.5 |
563.6 |
|
Inventories - Finished Goods |
171.5 |
134.3 |
135.2 |
179.4 |
- |
|
Inventories - Work In Progress |
101.0 |
91.8 |
106.1 |
116.8 |
- |
|
Inventories - Raw Materials |
155.9 |
162.9 |
194.7 |
262.7 |
- |
|
Inventories - Other |
133.7 |
159.5 |
155.6 |
172.2 |
1.4 |
|
Total Inventory |
562.1 |
548.5 |
591.6 |
731.1 |
632.0 |
|
Prepaid Expenses |
24.2 |
16.1 |
15.8 |
28.9 |
11.0 |
|
Other Current Assets |
0.1 |
0.4 |
0.7 |
1.2 |
- |
|
Other Current Assets, Total |
0.1 |
0.4 |
0.7 |
1.2 |
- |
|
Total Current Assets |
1,307.6 |
1,240.3 |
1,329.4 |
1,442.7 |
1,411.7 |
|
|
|
|
|
|
|
|
Buildings |
555.1 |
543.9 |
529.0 |
577.7 |
- |
|
Land/Improvements |
903.8 |
885.6 |
864.3 |
953.6 |
- |
|
Machinery/Equipment |
2,511.1 |
2,469.9 |
2,413.9 |
2,626.7 |
- |
|
Construction in
Progress |
243.9 |
243.3 |
221.5 |
224.1 |
- |
|
Other
Property/Plant/Equipment |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Property/Plant/Equipment - Gross |
4,214.0 |
4,142.6 |
4,028.7 |
4,382.1 |
- |
|
Accumulated Depreciation |
-1,014.8 |
-965.7 |
-933.8 |
-963.2 |
- |
|
Property/Plant/Equipment - Net |
3,199.2 |
3,177.0 |
3,094.9 |
3,418.9 |
3,332.9 |
|
Intangibles, Net |
45.9 |
45.8 |
42.8 |
46.3 |
43.0 |
|
LT Investment - Affiliate Companies |
40.2 |
40.0 |
40.2 |
46.1 |
42.0 |
|
LT Investments - Other |
100.6 |
88.0 |
102.1 |
124.0 |
152.5 |
|
Long Term Investments |
140.8 |
128.0 |
142.3 |
170.2 |
194.5 |
|
Note Receivable - Long Term |
7.5 |
7.6 |
7.4 |
8.8 |
17.0 |
|
Deferred Income Tax - Long Term Asset |
1.3 |
3.2 |
1.4 |
1.5 |
1.4 |
|
Other Long Term Assets |
8.0 |
7.8 |
7.9 |
9.5 |
- |
|
Other Long Term Assets, Total |
9.3 |
11.0 |
9.3 |
11.0 |
1.4 |
|
Total Assets |
4,710.3 |
4,609.6 |
4,626.1 |
5,097.9 |
5,000.5 |
|
|
|
|
|
|
|
|
Accounts Payable |
1,075.7 |
978.4 |
1,080.5 |
1,147.3 |
1,098.2 |
|
Accrued Expenses |
49.9 |
48.5 |
45.1 |
39.7 |
40.6 |
|
Notes Payable/Short Term Debt |
380.1 |
386.5 |
357.2 |
385.3 |
372.5 |
|
Current Portion - Long Term Debt/Capital Leases |
523.0 |
512.1 |
631.6 |
584.8 |
586.1 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Customer Advances |
3.6 |
2.9 |
2.3 |
5.2 |
3.9 |
|
Security Deposits |
1.2 |
1.3 |
1.3 |
1.4 |
- |
|
Income Taxes Payable |
1.5 |
2.9 |
1.2 |
1.9 |
- |
|
Other Payables |
12.7 |
12.7 |
7.4 |
6.2 |
6.9 |
|
Other Current Liabilities |
2.2 |
2.5 |
1.6 |
1.6 |
11.4 |
|
Other Current liabilities, Total |
21.4 |
22.4 |
13.8 |
16.4 |
22.3 |
|
Total Current Liabilities |
2,050.1 |
1,947.9 |
2,128.2 |
2,173.4 |
2,119.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,174.3 |
1,215.3 |
1,038.6 |
1,183.8 |
1,175.2 |
|
Total Long Term Debt |
1,174.3 |
1,215.3 |
1,038.6 |
1,183.8 |
1,175.2 |
|
Total Debt |
2,077.4 |
2,114.0 |
2,027.4 |
2,153.9 |
2,133.9 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
128.9 |
132.3 |
86.7 |
123.8 |
124.3 |
|
Deferred Income Tax |
128.9 |
132.3 |
86.7 |
123.8 |
124.3 |
|
Minority Interest |
65.6 |
4.3 |
- |
- |
- |
|
Pension Benefits - Underfunded |
22.3 |
21.2 |
19.6 |
20.0 |
17.7 |
|
Other Long Term Liabilities |
0.0 |
0.1 |
0.0 |
- |
- |
|
Other Liabilities, Total |
22.3 |
21.3 |
19.7 |
20.0 |
17.7 |
|
Total Liabilities |
3,441.1 |
3,321.1 |
3,273.2 |
3,501.0 |
3,437.1 |
|
|
|
|
|
|
|
|
Preferred Stock - Non Redeemable |
59.6 |
58.9 |
57.6 |
- |
- |
|
Preferred Stock - Non Redeemable, Net |
59.6 |
58.9 |
57.6 |
- |
- |
|
Common Stock |
222.5 |
219.8 |
215.0 |
300.7 |
292.7 |
|
Common Stock |
222.5 |
219.8 |
215.0 |
300.7 |
292.7 |
|
Additional Paid-In Capital |
91.7 |
90.6 |
88.6 |
97.8 |
95.1 |
|
Retained Earnings (Accumulated Deficit) |
916.7 |
948.5 |
1,021.5 |
1,223.3 |
1,179.5 |
|
Treasury Stock - Common |
-19.1 |
-18.9 |
-18.5 |
-20.4 |
- |
|
Unrealized Gain (Loss) |
-3.3 |
-11.6 |
-13.1 |
-4.0 |
- |
|
Translation Adjustment |
0.9 |
1.1 |
1.8 |
-0.7 |
- |
|
Other Equity |
0.2 |
0.2 |
0.2 |
0.2 |
-19.8 |
|
Other Comprehensive Income |
0.0 |
-0.1 |
0.0 |
0.1 |
16.0 |
|
Other Equity, Total |
1.1 |
1.2 |
1.9 |
-0.4 |
-3.8 |
|
Total Equity |
1,269.2 |
1,288.5 |
1,352.9 |
1,597.0 |
1,563.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
4,710.3 |
4,609.6 |
4,626.1 |
5,097.9 |
5,000.5 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
48.8 |
48.8 |
48.8 |
48.8 |
48.8 |
|
Total Common Shares Outstanding |
48.8 |
48.8 |
48.8 |
48.8 |
48.8 |
|
Treasury Shares - Common Stock Primary Issue |
1.9 |
1.9 |
1.9 |
1.9 |
1.9 |
|
Shares Outstanding - Preferred Stock Primary
Issue |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
Total Preferred Stock Outstanding |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
Treasury Shares - Preferred Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
1,768 |
1,809 |
1,815 |
1,753 |
1,753 |
|
Accumulated Intangible Amort, Suppl. |
27.4 |
26.3 |
24.4 |
26.0 |
24.4 |
|
Deferred Revenue - Current |
3.6 |
2.9 |
2.3 |
5.2 |
4.0 |
|
Total Long Term Debt, Supplemental |
7.3 |
2,453.2 |
- |
- |
1,787.2 |
|
Long Term Debt Maturing within 1 Year |
7.3 |
1,002.5 |
- |
- |
600.6 |
|
Long Term Debt Maturing in Year 2 |
- |
341.0 |
- |
- |
269.3 |
|
Long Term Debt Maturing in Year 3 |
- |
341.0 |
- |
- |
269.3 |
|
Long Term Debt Maturing in Year 4 |
- |
341.0 |
- |
- |
269.3 |
|
Long Term Debt Maturing in Year 5 |
- |
341.0 |
- |
- |
269.3 |
|
Long Term Debt Maturing in 2-3 Years |
- |
682.1 |
- |
- |
538.6 |
|
Long Term Debt Maturing in 4-5 Years |
- |
682.1 |
- |
- |
538.6 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
86.5 |
- |
- |
109.4 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-195.8 |
-21.6 |
40.2 |
-82.7 |
36.4 |
|
Depreciation |
151.5 |
123.1 |
67.3 |
77.8 |
89.2 |
|
Depreciation/Depletion |
151.5 |
123.1 |
67.3 |
77.8 |
89.2 |
|
Amortization of Intangibles |
4.1 |
1.8 |
1.6 |
4.1 |
4.4 |
|
Amortization |
4.1 |
1.8 |
1.6 |
4.1 |
4.4 |
|
Deferred Taxes |
- |
- |
-23.6 |
-65.9 |
13.8 |
|
Discontinued Operations |
- |
-35.6 |
- |
- |
- |
|
Unusual Items |
0.5 |
0.4 |
-11.2 |
-21.8 |
-105.2 |
|
Equity in Net Earnings (Loss) |
0.1 |
-2.6 |
-1.2 |
0.9 |
-48.4 |
|
Other Non-Cash Items |
230.5 |
106.2 |
-44.9 |
34.9 |
7.7 |
|
Non-Cash Items |
231.2 |
68.4 |
-57.2 |
14.0 |
-145.9 |
|
Accounts Receivable |
-49.9 |
5.5 |
-12.9 |
-28.4 |
-14.1 |
|
Inventories |
40.6 |
-209.0 |
17.6 |
-152.5 |
-51.1 |
|
Prepaid Expenses |
2.4 |
-1.1 |
-5.1 |
-1.3 |
0.6 |
|
Other Assets |
- |
- |
38.2 |
-9.6 |
-22.8 |
|
Accounts Payable |
-35.9 |
-138.8 |
70.8 |
262.4 |
41.7 |
|
Accrued Expenses |
12.7 |
1.9 |
7.8 |
1.4 |
-0.3 |
|
Taxes Payable |
- |
- |
0.5 |
-2.9 |
2.4 |
|
Other Liabilities |
-2.3 |
-4.5 |
-12.5 |
8.3 |
-5.5 |
|
Other Assets & Liabilities, Net |
0.0 |
0.0 |
- |
-0.6 |
- |
|
Other Operating Cash Flow |
6.1 |
7.1 |
- |
0.0 |
9.9 |
|
Changes in Working Capital |
-26.3 |
-338.9 |
104.3 |
76.8 |
-39.2 |
|
Cash from Operating Activities |
164.7 |
-167.2 |
132.6 |
24.2 |
-41.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-119.7 |
-141.2 |
-542.4 |
-578.9 |
-172.5 |
|
Purchase/Acquisition of Intangibles |
-8.4 |
- |
-1.7 |
-12.3 |
-3.0 |
|
Capital Expenditures |
-128.1 |
-141.2 |
-544.1 |
-591.2 |
-175.4 |
|
Sale of Fixed Assets |
0.7 |
1.9 |
13.2 |
0.7 |
2.9 |
|
Sale/Maturity of Investment |
564.8 |
18.1 |
90.6 |
418.3 |
345.1 |
|
Purchase of Investments |
-590.8 |
-9.8 |
-24.3 |
-213.4 |
-140.9 |
|
Sale of Intangible Assets |
0.3 |
0.0 |
0.6 |
0.0 |
0.1 |
|
Other Investing Cash Flow |
-9.4 |
-3.5 |
-1.1 |
-0.9 |
-8.2 |
|
Other Investing Cash Flow Items, Total |
-34.3 |
6.7 |
79.0 |
204.7 |
198.9 |
|
Cash from Investing Activities |
-162.5 |
-134.5 |
-465.1 |
-386.4 |
23.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-180.8 |
-130.3 |
-1.9 |
-2.7 |
-30.6 |
|
Financing Cash Flow Items |
-180.8 |
-130.3 |
-1.9 |
-2.7 |
-30.6 |
|
Total Cash Dividends Paid |
-7.1 |
-9.0 |
-3.7 |
-7.5 |
-4.0 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
109.3 |
- |
5.0 |
|
Repurchase/Retirement
of Common |
-2.4 |
- |
-17.5 |
- |
- |
|
Common Stock, Net |
-2.4 |
0.0 |
91.8 |
- |
5.0 |
|
Issuance (Retirement) of Stock, Net |
-2.4 |
0.0 |
91.8 |
- |
5.0 |
|
Short Term Debt Issued |
53.6 |
16.8 |
317.3 |
1,322.1 |
1,827.1 |
|
Short Term Debt
Reduction |
- |
- |
-288.2 |
-1,135.5 |
-1,958.5 |
|
Short Term Debt, Net |
53.6 |
16.8 |
29.1 |
186.6 |
-131.4 |
|
Long Term Debt Issued |
358.6 |
1,263.9 |
608.4 |
351.7 |
383.6 |
|
Long Term Debt
Reduction |
-254.6 |
-801.0 |
-381.1 |
-191.1 |
-204.9 |
|
Long Term Debt, Net |
104.0 |
462.9 |
227.4 |
160.6 |
178.7 |
|
Issuance (Retirement) of Debt, Net |
157.6 |
479.7 |
256.4 |
347.2 |
47.3 |
|
Cash from Financing Activities |
-32.6 |
340.4 |
342.6 |
337.0 |
17.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.7 |
-0.5 |
-2.6 |
5.3 |
8.7 |
|
Net Change in Cash |
-31.1 |
38.1 |
7.4 |
-20.0 |
8.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
71.9 |
30.8 |
26.0 |
50.1 |
50.9 |
|
Net Cash - Ending Balance |
40.8 |
68.9 |
33.4 |
30.1 |
59.3 |
|
Cash Interest Paid |
185.3 |
167.4 |
- |
- |
- |
|
Cash Taxes Paid |
1.0 |
0.4 |
- |
- |
- |
Interim Cash Flows
Standardized
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 |
-43.9 |
-195.8 |
-98.7 |
-4.9 |
-16.1 |
|
Depreciation |
37.6 |
151.5 |
114.6 |
75.9 |
37.1 |
|
Depreciation/Depletion |
37.6 |
151.5 |
114.6 |
75.9 |
37.1 |
|
Amortization of Intangibles |
0.9 |
4.1 |
2.8 |
1.8 |
0.9 |
|
Amortization |
0.9 |
4.1 |
2.8 |
1.8 |
0.9 |
|
Unusual Items |
0.0 |
0.5 |
-0.1 |
0.0 |
0.0 |
|
Equity in Net Earnings (Loss) |
0.0 |
0.1 |
-1.1 |
-1.1 |
-0.6 |
|
Other Non-Cash Items |
34.5 |
230.5 |
176.2 |
76.6 |
30.6 |
|
Non-Cash Items |
34.5 |
231.2 |
175.0 |
75.5 |
30.0 |
|
Accounts Receivable |
-1.2 |
-49.9 |
-121.0 |
-71.0 |
-2.9 |
|
Inventories |
-7.4 |
40.6 |
-18.5 |
-95.9 |
-10.6 |
|
Prepaid Expenses |
-1.6 |
2.4 |
0.6 |
-0.8 |
-0.9 |
|
Accounts Payable |
90.2 |
-35.9 |
54.2 |
80.4 |
62.1 |
|
Accrued Expenses |
0.8 |
12.7 |
12.4 |
3.9 |
5.4 |
|
Other Liabilities |
-1.0 |
-2.3 |
-0.6 |
2.3 |
1.7 |
|
Other Assets & Liabilities, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Operating Cash Flow |
-0.5 |
6.1 |
6.3 |
5.1 |
1.2 |
|
Changes in Working Capital |
79.3 |
-26.3 |
-66.7 |
-76.0 |
56.1 |
|
Cash from Operating Activities |
108.5 |
164.7 |
127.0 |
72.3 |
108.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-17.2 |
-119.7 |
-72.8 |
-40.7 |
-18.1 |
|
Purchase/Acquisition of Intangibles |
0.0 |
-8.4 |
-6.6 |
-5.8 |
-7.3 |
|
Capital Expenditures |
-17.2 |
-128.1 |
-79.4 |
-46.5 |
-25.4 |
|
Sale of Fixed Assets |
0.0 |
0.7 |
0.7 |
0.2 |
- |
|
Sale/Maturity of Investment |
2.2 |
564.8 |
250.0 |
248.6 |
- |
|
Purchase of Investments |
-1.2 |
-590.8 |
-278.1 |
-266.8 |
-25.7 |
|
Sale of Intangible Assets |
- |
0.3 |
0.1 |
0.1 |
0.1 |
|
Other Investing Cash Flow |
0.1 |
-9.4 |
1.6 |
9.5 |
-0.1 |
|
Other Investing Cash Flow Items, Total |
1.1 |
-34.3 |
-25.6 |
-8.4 |
-25.6 |
|
Cash from Investing Activities |
-16.1 |
-162.5 |
-105.0 |
-54.8 |
-51.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-51.5 |
-180.8 |
-139.5 |
-93.1 |
-43.7 |
|
Financing Cash Flow Items |
-51.5 |
-180.8 |
-139.5 |
-93.1 |
-43.7 |
|
Total Cash Dividends Paid |
- |
-7.1 |
-7.1 |
-7.1 |
- |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Repurchase/Retirement
of Common |
- |
-2.4 |
-2.4 |
-2.4 |
-2.4 |
|
Common Stock, Net |
0.0 |
-2.4 |
-2.4 |
-2.4 |
-2.4 |
|
Sale/Issuance of
Preferred |
61.8 |
- |
- |
- |
- |
|
Preferred Stock, Net |
61.8 |
- |
- |
- |
- |
|
Issuance (Retirement) of Stock, Net |
61.8 |
-2.4 |
-2.4 |
-2.4 |
-2.4 |
|
Short Term Debt Issued |
- |
53.6 |
38.8 |
615.3 |
33.7 |
|
Short Term Debt
Reduction |
-10.9 |
- |
- |
-575.6 |
- |
|
Short Term Debt, Net |
-10.9 |
53.6 |
38.8 |
39.7 |
33.7 |
|
Long Term Debt Issued |
57.3 |
358.6 |
275.9 |
160.7 |
88.5 |
|
Long Term Debt
Reduction |
-110.4 |
-254.6 |
-189.4 |
-141.6 |
-29.4 |
|
Long Term Debt, Net |
-53.1 |
104.0 |
86.5 |
19.1 |
59.1 |
|
Issuance (Retirement) of Debt, Net |
-64.0 |
157.6 |
125.2 |
58.7 |
92.8 |
|
Cash from Financing Activities |
-53.7 |
-32.6 |
-23.8 |
-43.8 |
46.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.7 |
0.5 |
-1.2 |
0.0 |
|
Net Change in Cash |
38.7 |
-31.1 |
-1.4 |
-27.5 |
103.7 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
40.0 |
71.9 |
72.7 |
72.3 |
71.1 |
|
Net Cash - Ending Balance |
78.7 |
40.8 |
71.4 |
44.8 |
174.8 |
|
Cash Interest Paid |
51.5 |
185.3 |
139.5 |
92.0 |
43.1 |
|
Cash Taxes Paid |
1.6 |
1.0 |
-0.3 |
-0.6 |
0.3 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales Revenue |
3,844.7 |
3,175.2 |
2,066.9 |
2,872.2 |
2,452.9 |
|
Total Revenue |
3,844.7 |
3,175.2 |
2,066.9 |
2,872.2 |
2,452.9 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
3,629.3 |
2,918.3 |
1,924.2 |
2,661.6 |
2,307.1 |
|
Salaries and Wages |
26.0 |
22.0 |
14.3 |
20.4 |
18.0 |
|
Retirement and Severance Benefits |
2.3 |
1.9 |
1.6 |
2.1 |
1.9 |
|
Employee Benefits |
5.6 |
4.5 |
3.7 |
4.7 |
4.5 |
|
Travel Expenses |
3.6 |
3.3 |
2.2 |
3.4 |
2.9 |
|
Communication Exp. |
- |
- |
0.5 |
0.6 |
0.8 |
|
Utility Expenses |
- |
- |
0.0 |
0.0 |
0.0 |
|
Heating Mainten Exp |
- |
- |
0.0 |
0.0 |
0.0 |
|
Taxes and Dues |
- |
- |
0.3 |
0.4 |
0.4 |
|
Repair Expenses |
- |
- |
0.2 |
0.1 |
0.1 |
|
Insurance Expenses |
- |
- |
0.5 |
0.6 |
0.7 |
|
Entertainment |
3.2 |
2.7 |
2.0 |
2.3 |
2.2 |
|
Activity Expenses |
- |
- |
0.4 |
1.2 |
0.8 |
|
Auditing Fee |
2.9 |
3.1 |
2.8 |
2.6 |
2.3 |
|
Award Expenses |
- |
- |
0.1 |
0.5 |
0.5 |
|
Expense-Consumable Goods |
- |
- |
0.3 |
0.2 |
0.2 |
|
Printing Expenses |
- |
- |
0.2 |
0.3 |
0.3 |
|
Vehicle Expenses |
- |
- |
0.5 |
0.6 |
0.6 |
|
Association Expense |
- |
- |
0.4 |
0.6 |
0.7 |
|
Education & Training |
- |
- |
0.8 |
2.1 |
1.6 |
|
Cargo Work Expense |
109.0 |
100.6 |
76.6 |
108.6 |
84.3 |
|
Sales Commissions |
5.3 |
4.8 |
3.2 |
4.1 |
5.7 |
|
Other Commission |
- |
- |
0.7 |
0.2 |
0.1 |
|
Services Expenses |
- |
- |
- |
- |
0.1 |
|
Outsourcing Expense |
7.0 |
4.8 |
4.3 |
2.8 |
1.8 |
|
Expenses of Allowance for Doubtful Accou |
2.5 |
1.3 |
- |
3.5 |
6.1 |
|
Expenses for Samples |
- |
- |
0.4 |
0.7 |
1.0 |
|
Sales Loss Compen. |
- |
- |
1.6 |
2.0 |
3.7 |
|
Overseas Branch Exp. |
- |
- |
1.3 |
1.5 |
1.4 |
|
Testing Expense |
- |
- |
- |
0.0 |
0.0 |
|
Miscellaneous Operating Expenses |
- |
- |
1.1 |
0.0 |
0.0 |
|
Rental Expenses |
8.7 |
6.7 |
5.8 |
4.4 |
3.3 |
|
Advertising Expenses |
- |
- |
0.8 |
0.9 |
1.1 |
|
Development Costs |
1.9 |
2.6 |
1.3 |
2.4 |
2.1 |
|
Depreciation |
2.8 |
1.9 |
2.7 |
3.2 |
3.7 |
|
Amortization of Intangible Assets |
3.5 |
1.8 |
1.6 |
3.8 |
4.3 |
|
Other Selling and Administrative Expense |
12.4 |
10.7 |
- |
- |
- |
|
Adjustment for Selling and Administrativ |
0.0 |
0.0 |
- |
- |
- |
|
Reversal of Allowance for Doubtful Accou |
-0.6 |
- |
- |
- |
- |
|
Rental Income |
-0.6 |
- |
- |
- |
- |
|
Gain on Disposal of Property, Plant and |
-0.2 |
-0.1 |
- |
- |
- |
|
Gain on Disposal of Intangible Assets |
-0.1 |
- |
- |
- |
- |
|
Miscellaneous Income |
-3.7 |
-6.7 |
- |
- |
- |
|
Adjustment for Other Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Property, Plant and |
- |
0.1 |
- |
- |
- |
|
Loss on Disposal of Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Donations Paid |
0.5 |
0.2 |
- |
- |
- |
|
Miscellaneous Loss |
2.2 |
0.6 |
- |
- |
- |
|
Adjustment for Other Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Total Operating Expense |
3,823.6 |
3,085.3 |
2,056.4 |
2,842.6 |
2,464.3 |
|
|
|
|
|
|
|
|
Interest Income |
6.3 |
5.6 |
5.9 |
13.6 |
4.1 |
|
Adjustment for Finance Income |
0.0 |
0.0 |
- |
- |
- |
|
Dividend Income |
1.0 |
0.9 |
0.0 |
5.0 |
0.1 |
|
Gain on Foreign Currency Transactions |
53.3 |
40.7 |
111.3 |
72.1 |
13.0 |
|
Gain on Foreign Currency Translations |
2.3 |
11.2 |
19.1 |
36.4 |
2.5 |
|
Gain on Currency Forwards Transactions |
0.6 |
- |
0.5 |
4.3 |
- |
|
Gain-Currency Swap Transaction |
- |
- |
- |
3.2 |
- |
|
G-Dispose Securities avail. for Sale |
- |
- |
- |
167.3 |
0.0 |
|
Gain on Disposal of Financial Assets Hel |
0.3 |
- |
- |
- |
- |
|
Gain-Disposal of Equity Method Sec. |
- |
- |
16.1 |
- |
142.7 |
|
Gain-Disposal of Investment Assets |
- |
- |
0.4 |
- |
- |
|
Gain Currency Future Valuations |
- |
- |
- |
- |
1.2 |
|
Gain-Valuation of Currency Swap |
- |
- |
- |
- |
0.2 |
|
Gain on Conversion of Convertible Bonds |
- |
8.8 |
- |
- |
- |
|
Recovery of Impaiment Losses on Financia |
0.0 |
0.0 |
- |
0.0 |
- |
|
G-Reduction Loss of Sec Held-to-Maturity |
- |
- |
- |
- |
0.0 |
|
G-Tang Asset Disp. |
- |
- |
6.1 |
0.0 |
0.0 |
|
Recovery-Loan Loss Reserve |
- |
- |
5.0 |
- |
- |
|
Other Non-Op. Income |
- |
- |
3.8 |
1.1 |
1.1 |
|
Interest Expenses |
-179.2 |
-138.4 |
-54.9 |
-63.2 |
-90.0 |
|
Adjustment for Finance Expense |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Foreign Currency Transactions |
-49.1 |
-55.9 |
-87.4 |
-255.6 |
-11.9 |
|
Loss on Foreign Currency Translations |
-25.2 |
-5.3 |
-9.0 |
-57.5 |
-8.3 |
|
Loss on Currency Forwards Transaction |
-0.2 |
- |
-0.3 |
- |
- |
|
Loss on Redemption of Bonds |
-0.2 |
-0.4 |
-1.5 |
- |
- |
|
Loss on Disposal of Financial Instrument |
0.0 |
- |
- |
-92.1 |
-30.6 |
|
L-Inv Asset Disposal |
- |
- |
- |
0.0 |
- |
|
Impairment Loss on Financial Instruments |
-0.8 |
- |
- |
- |
- |
|
L-Trade Rcv Disposal |
- |
- |
-8.5 |
-10.7 |
-7.6 |
|
L-Tang Asset Disp. |
- |
- |
-1.4 |
-0.2 |
0.0 |
|
Other Amortization |
- |
- |
- |
- |
0.0 |
|
Donations Paid |
- |
- |
-0.4 |
0.0 |
-0.1 |
|
Other Non-Op Expense |
- |
- |
-0.2 |
-0.3 |
-1.8 |
|
Provision-Guarantee Payment Reserve |
- |
- |
- |
-0.1 |
-0.7 |
|
Gain under Equity Method |
1.4 |
2.6 |
1.2 |
0.3 |
48.8 |
|
Loss under Equity Method |
-1.5 |
0.0 |
- |
-1.2 |
-0.3 |
|
Net Income Before Taxes |
-169.9 |
-40.2 |
16.3 |
-147.9 |
51.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
25.9 |
-18.6 |
-23.9 |
-65.2 |
26.7 |
|
Net Income After Taxes |
-195.8 |
-21.6 |
40.2 |
-82.7 |
24.5 |
|
|
|
|
|
|
|
|
Earning Before Acquisition of Subsidiary |
- |
- |
- |
- |
11.9 |
|
Minority Interest |
0.0 |
-0.4 |
-0.9 |
-0.6 |
-2.5 |
|
Net Income Before Extra. Items |
-195.8 |
-22.0 |
39.3 |
-83.3 |
33.9 |
|
Gain on Discontinued Operations |
- |
-6.4 |
- |
- |
- |
|
Net Income |
-195.8 |
-28.4 |
39.3 |
-83.3 |
33.9 |
|
|
|
|
|
|
|
|
Preferred Dividends |
- |
-0.4 |
-0.5 |
-0.5 |
-0.8 |
|
Income Available to Com Excl ExtraOrd |
-195.8 |
-22.4 |
38.8 |
-83.7 |
33.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-195.8 |
-28.8 |
38.8 |
-83.7 |
33.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
48.8 |
48.8 |
33.2 |
33.4 |
31.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
-4.01 |
-0.46 |
1.17 |
-2.51 |
1.04 |
|
Basic EPS Including ExtraOrdinary Item |
-4.01 |
-0.59 |
1.17 |
-2.51 |
1.04 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.5 |
|
Diluted Net Income |
-195.8 |
-28.8 |
38.8 |
-83.7 |
33.6 |
|
Diluted Weighted Average Shares |
48.8 |
48.8 |
33.9 |
33.4 |
33.0 |
|
Diluted EPS Excluding ExtraOrd Items |
-4.01 |
-0.46 |
1.15 |
-2.51 |
1.02 |
|
Diluted EPS Including ExtraOrd Items |
-4.01 |
-0.59 |
1.15 |
-2.51 |
1.02 |
|
DPS-Common Stock |
0.00 |
0.13 |
0.16 |
0.12 |
0.23 |
|
Gross Dividends - Common Stock |
0.0 |
6.3 |
7.6 |
3.9 |
7.3 |
|
Normalized Income Before Taxes |
-170.2 |
-40.2 |
20.0 |
-137.0 |
59.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
25.8 |
-18.6 |
-22.6 |
-61.4 |
30.6 |
|
Normalized Income After Taxes |
-196.0 |
-21.6 |
42.7 |
-75.6 |
28.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-195.9 |
-22.4 |
41.3 |
-76.7 |
37.0 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-4.02 |
-0.46 |
1.24 |
-2.29 |
1.16 |
|
Diluted Normalized EPS |
-4.02 |
-0.46 |
1.22 |
-2.29 |
1.14 |
|
Interest Expense, Supplemental |
179.2 |
138.4 |
54.9 |
63.2 |
90.0 |
|
Interest Capitalized |
-16.0 |
-39.7 |
-62.2 |
-21.2 |
- |
|
Rental Expense, Supplemental |
8.7 |
6.7 |
5.8 |
4.4 |
3.3 |
|
Advertising Expense |
- |
- |
0.8 |
0.9 |
1.1 |
|
R&D Expense, Supplemental |
2.7 |
3.3 |
1.4 |
2.4 |
2.7 |
|
Depreciation, Supplemental |
151.5 |
123.1 |
67.3 |
77.8 |
89.2 |
|
Amort of Intangibles, Supplemental |
4.1 |
1.8 |
1.6 |
4.1 |
4.1 |
|
Amort of Acquisition Costs |
- |
- |
- |
- |
0.3 |
|
Amort of Negative Goodwill |
- |
- |
- |
- |
0.0 |
Interim Income Statement
As Reported
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 |
Updated Normal |
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 |
861.5 |
861.6 |
978.4 |
1,047.4 |
962.6 |
|
Total Revenue |
861.5 |
861.6 |
978.4 |
1,047.4 |
962.6 |
|
|
|
|
|
|
|
|
Costs of Goods and Services Sold |
829.3 |
834.0 |
937.0 |
958.0 |
904.2 |
|
Selling and Administrative Expenses |
49.2 |
48.3 |
51.7 |
48.0 |
48.7 |
|
Other Operating Income |
-1.4 |
51.5 |
-18.8 |
-20.9 |
-1.0 |
|
Other Operating Expense |
0.3 |
-77.3 |
74.5 |
5.5 |
0.3 |
|
Total Operating Expense |
877.4 |
856.5 |
1,044.5 |
990.5 |
952.3 |
|
|
|
|
|
|
|
|
Finance Income |
17.4 |
47.5 |
5.5 |
3.9 |
23.8 |
|
Finance Expense |
-51.1 |
-99.9 |
-59.3 |
-47.5 |
-50.6 |
|
Gain under Equity Method |
0.3 |
0.3 |
0.0 |
0.5 |
0.7 |
|
Loss under Equity Method |
-0.3 |
-1.5 |
- |
- |
-0.1 |
|
Net Income Before Taxes |
-49.5 |
-48.6 |
-119.8 |
13.8 |
-15.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-5.6 |
46.4 |
-25.0 |
2.1 |
0.3 |
|
Net Income After Taxes |
-43.9 |
-95.0 |
-94.8 |
11.7 |
-16.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.2 |
0.0 |
- |
- |
- |
|
Net Income Before Extra. Items |
-43.7 |
-95.0 |
-94.8 |
11.7 |
-16.1 |
|
Net Income |
-43.7 |
-95.0 |
-94.8 |
11.7 |
-16.1 |
|
|
|
|
|
|
|
|
Prefereed Dividends |
0.0 |
0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Income Available to Com Excl ExtraOrd |
-43.7 |
-94.6 |
-95.0 |
11.6 |
-16.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-43.7 |
-94.6 |
-95.0 |
11.6 |
-16.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
48.8 |
48.8 |
48.8 |
48.8 |
48.7 |
|
Basic EPS Excluding ExtraOrdinary Items |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Basic EPS Including ExtraOrdinary Item |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-43.7 |
-94.6 |
-95.0 |
11.6 |
-16.2 |
|
Diluted Weighted Average Shares |
48.8 |
48.8 |
48.8 |
48.8 |
48.7 |
|
Diluted EPS Excluding ExtraOrd Items |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Diluted EPS Including ExtraOrd Items |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
-49.5 |
-48.6 |
-119.8 |
13.8 |
-15.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-5.6 |
46.4 |
-25.0 |
2.1 |
0.3 |
|
Normalized Income After Taxes |
-43.9 |
-95.0 |
-94.8 |
11.7 |
-16.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-43.7 |
-94.6 |
-95.0 |
11.6 |
-16.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Diluted Normalized EPS |
-0.90 |
-1.94 |
-1.95 |
0.24 |
-0.33 |
|
Interest Expense, Supplemental |
44.1 |
43.6 |
46.3 |
45.9 |
43.5 |
|
Interest Capitalized, Supplemental |
-4.2 |
- |
- |
- |
- |
|
Rent Expense |
1.9 |
2.0 |
2.3 |
2.2 |
2.1 |
|
Research & Development Exp, Supplemental |
0.7 |
0.7 |
0.6 |
0.8 |
0.6 |
|
Depreciation, Supplemental |
37.6 |
36.9 |
38.7 |
38.8 |
37.1 |
|
Amort of Intangibles, Supplemental |
0.9 |
1.3 |
0.9 |
0.9 |
0.9 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1152 |
1134.9 |
1164.475 |
1259.55 |
936.05 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
39.3 |
70.2 |
36.6 |
26.3 |
58.9 |
|
ST Marketable Secs. |
- |
- |
- |
- |
6.4 |
|
Current Securities Available-for-Sale |
5.6 |
- |
- |
25.1 |
- |
|
Current Securities Held-to-Maturities |
- |
0.0 |
0.2 |
0.8 |
1.5 |
|
Other Financial Instruments |
35.7 |
2.3 |
14.8 |
51.3 |
6.4 |
|
Adjustment for Other Financial Instrumen |
- |
0.0 |
- |
- |
- |
|
Trade Receivables, Gross |
588.9 |
483.5 |
327.7 |
282.5 |
353.0 |
|
Allowance for Doubtful Accounts for Trad |
-2.0 |
-0.9 |
-0.5 |
-5.1 |
-5.6 |
|
Adjustment for Trade Receivables |
0.0 |
0.0 |
- |
- |
- |
|
ST Loans |
0.9 |
0.9 |
- |
3.0 |
0.8 |
|
Account Receivables |
6.1 |
5.6 |
15.1 |
9.2 |
8.0 |
|
Receivable-Recovery of Taxes |
- |
- |
0.6 |
1.6 |
- |
|
Accrued Income |
0.9 |
0.5 |
0.9 |
0.5 |
0.3 |
|
Adjustment for Other Receivables |
0.0 |
0.0 |
- |
- |
- |
|
Advance Payments |
0.7 |
6.5 |
0.3 |
23.0 |
0.1 |
|
Prepaid Expenses |
9.0 |
7.0 |
8.6 |
4.8 |
5.5 |
|
Prepaid Income Taxes |
- |
1.2 |
- |
- |
- |
|
Prepaid Value Added Taxes |
7.1 |
10.4 |
8.6 |
5.2 |
9.1 |
|
Current Financial Business Assets |
- |
- |
83.6 |
116.1 |
146.9 |
|
Currency Futures |
- |
- |
- |
- |
1.2 |
|
Guarantee Deposits, Operation |
- |
- |
0.0 |
0.0 |
0.0 |
|
Guarantee Deposits, Current Assets |
0.4 |
2.2 |
- |
- |
- |
|
Dfrd Taxes |
- |
- |
22.4 |
16.3 |
2.7 |
|
Finished Goods |
127.3 |
149.5 |
77.3 |
70.3 |
116.1 |
|
Merchandise |
2.1 |
2.6 |
0.5 |
1.4 |
1.1 |
|
Residual Products |
5.0 |
3.9 |
2.5 |
33.5 |
0.9 |
|
Semi-finish Good |
88.3 |
108.5 |
59.8 |
31.1 |
42.9 |
|
Works in Process |
3.5 |
2.6 |
2.0 |
0.3 |
2.0 |
|
Raw Materials |
162.9 |
193.3 |
143.3 |
123.2 |
104.0 |
|
Stored Goods |
88.7 |
79.9 |
74.0 |
45.8 |
50.7 |
|
Goods in Transit |
70.1 |
54.0 |
40.7 |
38.8 |
41.4 |
|
Adjustment for Inventories |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Assets |
1,240.3 |
1,183.8 |
919.1 |
905.0 |
954.6 |
|
|
|
|
|
|
|
|
Non-Current Financial Instruments |
0.4 |
0.1 |
1.1 |
0.8 |
1.0 |
|
Non-Current Securities Available-for-Sal |
87.6 |
105.7 |
99.6 |
15.5 |
436.0 |
|
Securities held till Maturity |
- |
20.0 |
17.3 |
15.0 |
2.4 |
|
Other Investments Assets |
- |
6.1 |
5.9 |
- |
- |
|
Adjustment for Other Non-Curent Financia |
- |
0.0 |
- |
- |
- |
|
Securities under equity Method |
40.0 |
39.5 |
11.5 |
44.6 |
36.0 |
|
LT Trade Rcvbls. |
1.4 |
1.8 |
1.0 |
1.2 |
0.8 |
|
Loans |
6.2 |
6.3 |
6.1 |
3.4 |
4.6 |
|
Adjustment for Other Non-Current Receiva |
0.0 |
0.0 |
- |
- |
- |
|
Guarantee Deposits, Non-Current Assets |
7.8 |
8.5 |
8.2 |
6.4 |
16.6 |
|
Non-Current Deferred Income Taxes Assets |
3.2 |
1.0 |
- |
- |
- |
|
Lands |
885.6 |
895.9 |
872.3 |
815.7 |
296.5 |
|
Buildings |
355.8 |
355.3 |
209.1 |
196.7 |
263.6 |
|
Buildings Depre. |
-79.0 |
-71.8 |
-60.8 |
-51.4 |
-61.4 |
|
Structures |
188.1 |
187.3 |
98.3 |
93.2 |
125.3 |
|
Structure Depre. |
-39.8 |
-35.2 |
-27.4 |
-23.5 |
-27.7 |
|
Machineries & Equipments |
2,400.7 |
2,358.8 |
1,149.8 |
1,027.1 |
1,353.3 |
|
Machineries & Equipments-Depreciation |
-793.5 |
-701.1 |
-587.3 |
-488.9 |
-581.9 |
|
Vehicles |
2.1 |
2.2 |
1.9 |
1.7 |
2.3 |
|
Vehicles-Depreciation |
-1.7 |
-1.5 |
-1.3 |
-1.1 |
-1.4 |
|
Tools/Equipments |
59.5 |
59.6 |
43.9 |
39.0 |
49.0 |
|
Tool/Equip Depr. |
-45.3 |
-42.9 |
-38.9 |
-34.1 |
-43.4 |
|
Fixtures |
7.6 |
7.5 |
7.7 |
6.7 |
9.4 |
|
Deprec. Fixtures |
-6.4 |
-6.3 |
-6.3 |
-5.2 |
-6.5 |
|
Construc in Prog |
243.3 |
230.4 |
1,196.1 |
599.0 |
161.4 |
|
Adjustment for Property, Plant & Equipme |
0.0 |
0.0 |
- |
- |
- |
|
Industrial Property Rights |
0.1 |
- |
0.0 |
0.0 |
0.0 |
|
Other Usage Right-Facility |
- |
- |
0.6 |
0.0 |
0.0 |
|
Docking Facilities Usage Rights |
4.3 |
5.4 |
5.8 |
6.0 |
8.9 |
|
Development Costs |
5.1 |
4.8 |
0.1 |
- |
- |
|
Membership Rights |
31.4 |
18.6 |
17.5 |
14.7 |
6.0 |
|
Software |
5.0 |
4.8 |
3.2 |
4.1 |
7.1 |
|
Other Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Adjustment for Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Total Assets |
4,609.6 |
4,644.6 |
3,954.2 |
3,191.6 |
3,012.6 |
|
|
|
|
|
|
|
|
Current Trade Payables |
978.4 |
974.8 |
1,057.8 |
897.6 |
839.5 |
|
Other Payables |
12.7 |
5.7 |
4.4 |
3.5 |
8.2 |
|
Dividend Payables |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advance from Customers, Current Liabilit |
2.9 |
1.1 |
3.8 |
10.6 |
1.6 |
|
Unearned Income |
0.1 |
0.1 |
0.9 |
1.7 |
2.0 |
|
Withholdings |
2.5 |
1.4 |
1.0 |
0.8 |
1.1 |
|
Accrued Expenses |
48.5 |
33.2 |
23.5 |
14.0 |
15.7 |
|
Income Taxes Payables |
2.9 |
0.1 |
- |
- |
3.5 |
|
Guarantee Dep. |
- |
- |
1.5 |
1.4 |
0.6 |
|
Guarantee Deposits Received |
1.3 |
1.6 |
- |
- |
- |
|
Current Borrowings |
386.5 |
325.9 |
325.0 |
287.3 |
179.7 |
|
Current Portion of Bonds |
342.4 |
231.9 |
- |
- |
- |
|
Current Portion of Long-term Borrowings |
169.7 |
28.9 |
471.8 |
360.2 |
245.8 |
|
Discount on Debentures Issuance, Current |
- |
- |
- |
- |
0.0 |
|
Reserve-Guarantee Payment Loss |
- |
- |
- |
- |
7.1 |
|
Currency Futures |
- |
- |
- |
- |
2.2 |
|
Adjustment for Other Current Liabilities |
0.0 |
0.0 |
- |
- |
- |
|
Total Current Liabilities |
1,947.9 |
1,604.6 |
1,889.7 |
1,577.1 |
1,307.0 |
|
|
|
|
|
|
|
|
Bonds |
377.8 |
408.9 |
265.0 |
167.6 |
378.6 |
|
Non-Current Borrowings |
837.5 |
973.1 |
324.2 |
221.7 |
203.7 |
|
Total Long Term Debt |
1,215.3 |
1,381.9 |
589.2 |
389.3 |
582.3 |
|
|
|
|
|
|
|
|
Retire Reserve |
- |
- |
22.0 |
7.8 |
7.6 |
|
Other Non-Current Financial Liabilities |
0.1 |
0.1 |
- |
- |
- |
|
Deferred Income Taxes, Non-Current Liabi |
132.3 |
117.9 |
97.7 |
105.0 |
55.8 |
|
Deposit-Retirement Insurance |
- |
- |
-0.2 |
- |
- |
|
Plan Assets |
- |
- |
-11.5 |
- |
- |
|
Transfer to National Pension Fund |
- |
- |
-0.1 |
- |
- |
|
Non-Current Fixed Benefit Liabilities |
21.2 |
15.9 |
- |
- |
- |
|
Minority Interests |
4.3 |
- |
24.9 |
16.1 |
26.7 |
|
Total Liabilities |
3,321.1 |
3,120.5 |
2,611.7 |
2,095.3 |
1,979.4 |
|
|
|
|
|
|
|
|
Common Stock |
219.8 |
- |
217.4 |
112.6 |
145.8 |
|
Preferred Stock |
58.9 |
- |
58.2 |
53.8 |
72.5 |
|
Adjustment for Capital Stock |
0.0 |
- |
- |
- |
- |
|
Capital Stock |
- |
282.9 |
- |
- |
- |
|
Additional Paid in Capital |
85.3 |
86.5 |
- |
- |
- |
|
Consideration for Conversion Rights |
2.8 |
2.8 |
- |
- |
- |
|
Consideration for Stock Warrants |
0.6 |
0.6 |
- |
- |
- |
|
Other Capital Surplus |
2.0 |
2.0 |
- |
- |
- |
|
Adjustment for Capital Surplus |
0.0 |
0.0 |
- |
- |
- |
|
Consolidated Capital Surplus |
- |
- |
420.4 |
367.0 |
486.3 |
|
Gain on Valuation of Securities Availabl |
- |
0.9 |
20.5 |
1.1 |
158.9 |
|
Losses on Valuation of Securities Availa |
-16.6 |
-0.9 |
-3.6 |
-7.9 |
-70.0 |
|
Revaluation Reserve |
- |
- |
497.1 |
464.4 |
- |
|
Capital Change, Equity Method |
5.1 |
4.8 |
3.7 |
3.6 |
2.8 |
|
Capital Change under Equity Method(Loss) |
0.0 |
-0.6 |
- |
-0.1 |
-0.1 |
|
Gain/Losses on Valuation of Derivatives |
-0.1 |
-0.1 |
- |
- |
- |
|
Loss-Valuation of Interest Rate Swap |
- |
- |
- |
- |
-0.1 |
|
Overseas Business Translation Debit/Cred |
1.1 |
1.5 |
1.9 |
2.7 |
-1.8 |
|
Adjustment for Accumulated Other Compreh |
0.0 |
0.0 |
- |
- |
- |
|
Legal Reserves |
18.2 |
17.7 |
- |
- |
- |
|
Appropriated Retained Earnings for Volun |
90.0 |
122.8 |
- |
- |
- |
|
Retained Earnings Carried Forward |
840.2 |
1,022.3 |
- |
- |
- |
|
Adjustment for Retained Earnings or Accu |
0.0 |
0.0 |
- |
- |
- |
|
Consolidated Retained Earnings |
- |
- |
146.0 |
99.0 |
239.2 |
|
Treasury Stock |
-18.9 |
-19.7 |
-19.2 |
0.0 |
0.0 |
|
Gains on Disposal of Treasury Stock |
0.2 |
0.6 |
- |
- |
- |
|
Adjustment for Other Capital Items |
0.0 |
0.0 |
- |
- |
- |
|
Total Equity |
1,288.5 |
1,524.1 |
1,342.5 |
1,096.3 |
1,033.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
4,609.6 |
4,644.6 |
3,954.2 |
3,191.6 |
3,012.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
48.8 |
48.8 |
48.8 |
33.4 |
32.2 |
|
Total Common Shares Outstanding |
48.8 |
48.8 |
48.8 |
33.4 |
32.2 |
|
T/S-Common Stock |
1.9 |
1.9 |
1.9 |
0.0 |
0.0 |
|
S/O-Preferred Stock |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
Total Preferred Shares Outstanding |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
T/S-Preferred Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue, Current |
2.9 |
1.1 |
4.7 |
12.3 |
3.7 |
|
Accumulated Intangible Amort, Suppl. |
26.3 |
22.7 |
- |
- |
- |
|
Full-Time Employees |
1,809 |
1,919 |
1,772 |
1,753 |
1,570 |
|
Number of Common Shareholders |
- |
15,316 |
15,377 |
11,347 |
10,637 |
|
LT Debt 1 yr |
1,002.5 |
- |
472.2 |
360.6 |
245.8 |
|
LT Debt 2 yrs |
- |
- |
241.7 |
161.9 |
214.8 |
|
LT Debt 3 yrs |
- |
- |
168.9 |
99.6 |
202.7 |
|
LT Debt 4 yrs |
- |
- |
66.8 |
39.7 |
62.0 |
|
LT Debt 5 yrs |
1,364.1 |
- |
- |
- |
- |
|
LT Debt thereafter |
86.5 |
- |
112.5 |
91.4 |
112.2 |
|
Total Long Term Debt, Supplemental |
2,453.2 |
- |
1,062.1 |
753.1 |
837.6 |
Interim Balance Sheet
As Reported
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 and Cash Equivalents |
78.2 |
39.3 |
66.4 |
46.2 |
178.5 |
|
Short-term Financial Instruments |
35.0 |
35.7 |
22.2 |
14.3 |
- |
|
Other Current Financial Assets |
- |
- |
- |
- |
26.5 |
|
Current Held-to-Maturity Invement Assets |
- |
- |
2.1 |
2.3 |
- |
|
Current Securities Available-for-Sale |
5.9 |
5.6 |
- |
- |
- |
|
Adjustment for Other Financial Instrumen |
0.0 |
- |
0.0 |
0.0 |
- |
|
Short-term Loans |
0.9 |
0.9 |
0.8 |
0.9 |
- |
|
Advance Payments |
2.8 |
0.7 |
3.9 |
0.9 |
1.4 |
|
Prepaid Expenses Total |
15.6 |
9.0 |
8.9 |
10.7 |
11.0 |
|
Trade Receivables, Net |
- |
- |
- |
- |
545.9 |
|
Trade Receivable, Gross |
595.9 |
588.9 |
631.5 |
614.3 |
- |
|
Allowance for Doubtful Accounts for Trad |
-1.5 |
-2.0 |
-4.0 |
-3.6 |
- |
|
Adjustment for Trade Receivable |
0.0 |
0.0 |
-5.4 |
- |
- |
|
Account Receivables |
5.6 |
6.1 |
5.7 |
6.1 |
17.8 |
|
Adjustment for Other Receivables |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Accrued Income |
1.2 |
0.9 |
0.9 |
0.8 |
- |
|
Receivable-Recovery of Taxes |
- |
- |
0.8 |
- |
- |
|
Deposits Provided |
0.0 |
0.4 |
0.7 |
1.2 |
- |
|
Current Derivative Assets |
0.1 |
- |
- |
0.0 |
- |
|
Prepaid Value Added Tax |
8.5 |
7.1 |
6.9 |
17.6 |
- |
|
Prepaid Income Taxes |
0.1 |
- |
- |
0.6 |
- |
|
Finished Goods |
128.6 |
127.3 |
128.0 |
174.6 |
- |
|
Merchandises |
39.0 |
2.1 |
1.6 |
1.2 |
- |
|
Residual Products |
3.9 |
5.0 |
5.6 |
3.6 |
- |
|
Semifinished Goods |
95.8 |
88.3 |
102.6 |
113.9 |
- |
|
Works in Process |
5.2 |
3.5 |
3.4 |
3.0 |
- |
|
Raw Materials |
155.9 |
162.9 |
194.7 |
262.7 |
- |
|
Supplies |
85.4 |
88.7 |
82.4 |
87.6 |
- |
|
Goods in Transit |
45.5 |
70.1 |
69.3 |
83.7 |
- |
|
Adjustment for Inventory |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Inventories |
- |
- |
- |
- |
630.6 |
|
Total Current Assets |
1,307.6 |
1,240.3 |
1,329.4 |
1,442.7 |
1,411.7 |
|
|
|
|
|
|
|
|
Investment in Affiliates |
40.2 |
40.0 |
40.2 |
46.1 |
42.0 |
|
LT Available-for-Sale Financial Assets |
100.1 |
87.6 |
84.6 |
104.8 |
125.1 |
|
Long-term Financial Instruments |
0.5 |
0.4 |
0.3 |
0.3 |
- |
|
LT Held-to-Maturity Investments |
- |
- |
17.2 |
18.9 |
- |
|
Other Non-Current Financial Assets |
- |
- |
- |
- |
21.0 |
|
Adjustment for Other Financial Assets |
- |
- |
0.0 |
0.0 |
- |
|
Other Investments Assets |
- |
- |
- |
- |
6.3 |
|
LT Trade Receivable |
1.4 |
1.4 |
1.4 |
2.2 |
1.6 |
|
Other Non-current Receivables |
- |
- |
- |
- |
15.4 |
|
Long-term Loans |
6.1 |
6.2 |
6.0 |
6.7 |
- |
|
Deposits Provided |
8.0 |
7.8 |
7.4 |
9.4 |
- |
|
Derivative Transactions Assets |
- |
- |
0.5 |
0.1 |
- |
|
Adjustment for Other Non-current Receiva |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Deferred Income Taxes Assets |
1.3 |
3.2 |
1.4 |
1.5 |
1.4 |
|
Lands |
903.8 |
885.6 |
864.3 |
953.6 |
- |
|
Buildings |
364.4 |
355.8 |
344.4 |
375.4 |
- |
|
Accumulated Depreciation for Buildings |
-82.8 |
-79.0 |
-77.2 |
-79.2 |
- |
|
Structures |
190.7 |
188.1 |
184.6 |
202.2 |
- |
|
Accumulated Depreciation for Structures |
-41.9 |
-39.8 |
-38.4 |
-39.7 |
- |
|
Machineries & Equipments |
2,440.2 |
2,400.7 |
2,345.4 |
2,552.7 |
- |
|
Accumulated Depreciation for Machinery |
-835.0 |
-793.5 |
-765.8 |
-789.2 |
- |
|
Vehicles |
2.2 |
2.1 |
2.1 |
2.3 |
- |
|
Accumulated Depreciation for Vehicles |
-1.7 |
-1.7 |
-1.7 |
-1.7 |
- |
|
Tools & Equipments |
60.9 |
59.5 |
58.9 |
64.0 |
- |
|
Tools & Equipments-Depreciation |
-46.8 |
-45.3 |
-44.3 |
-46.7 |
- |
|
Fixtures |
7.8 |
7.6 |
7.5 |
7.7 |
- |
|
Accumulated Depreciation for Fixutres |
-6.6 |
-6.4 |
-6.5 |
-6.6 |
- |
|
Construction in Progress |
243.9 |
243.3 |
221.5 |
224.1 |
- |
|
Adjustment for Tangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Property, Plant & Equipment, Net |
- |
- |
- |
- |
3,332.9 |
|
Industrial Property Rights |
0.1 |
0.1 |
- |
- |
- |
|
Development Costs |
4.8 |
5.1 |
3.9 |
4.5 |
- |
|
Software |
5.0 |
5.0 |
5.0 |
6.0 |
- |
|
Usage Right-Docking Facilities |
4.3 |
4.3 |
4.8 |
5.5 |
- |
|
Membership Rights |
31.8 |
31.4 |
29.0 |
30.2 |
- |
|
Other Intangible Assets |
0.0 |
0.0 |
0.1 |
0.1 |
- |
|
Adjustment for Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Intangible Assets |
- |
- |
- |
- |
43.0 |
|
Total Assets |
4,710.3 |
4,609.6 |
4,626.1 |
5,097.9 |
5,000.5 |
|
|
|
|
|
|
|
|
Current Trade Payables |
1,075.7 |
978.4 |
1,080.5 |
1,147.3 |
1,098.2 |
|
Other Payables |
12.7 |
12.7 |
7.4 |
6.2 |
6.9 |
|
Current Borrowings |
380.1 |
386.5 |
357.2 |
385.3 |
372.5 |
|
Current Portion of Bonds |
334.4 |
342.4 |
362.3 |
309.4 |
355.1 |
|
Current Portion of Long-term Borrowings |
188.6 |
169.7 |
269.2 |
275.4 |
231.1 |
|
Advance for Customers |
3.6 |
2.9 |
2.2 |
5.2 |
3.9 |
|
Unearned Income |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Guarantee Deposits Received |
1.2 |
1.3 |
1.3 |
1.4 |
- |
|
Accrued Expenses |
49.9 |
48.5 |
45.1 |
39.7 |
40.6 |
|
Income Taxes Payable |
1.5 |
2.9 |
1.2 |
1.9 |
- |
|
Dividend Payable |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Withholdings |
2.2 |
2.5 |
1.6 |
1.6 |
- |
|
Other Current Financial Liabilities |
0.0 |
- |
- |
0.0 |
0.0 |
|
Other Current Liabilities |
- |
- |
- |
- |
11.4 |
|
Adjustment for Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Total Current Liabilities |
2,050.1 |
1,947.9 |
2,128.2 |
2,173.4 |
2,119.8 |
|
|
|
|
|
|
|
|
Bonds |
356.4 |
377.8 |
321.1 |
382.4 |
372.1 |
|
Non-Current Borrowings |
817.8 |
837.5 |
717.5 |
801.5 |
803.2 |
|
Total Long Term Debt |
1,174.3 |
1,215.3 |
1,038.6 |
1,183.8 |
1,175.2 |
|
|
|
|
|
|
|
|
Other Non-current Financial Liabilities |
0.0 |
0.1 |
0.0 |
- |
- |
|
Deferred Income Taxes, Non-Current Liabi |
128.9 |
132.3 |
86.7 |
123.8 |
124.3 |
|
LT Defined Benefit Liabilities |
22.3 |
21.2 |
19.6 |
20.0 |
17.7 |
|
Minority Interests |
65.6 |
4.3 |
- |
- |
- |
|
Total Liabilities |
3,441.1 |
3,321.1 |
3,273.2 |
3,501.0 |
3,437.1 |
|
|
|
|
|
|
|
|
Common Stock |
222.5 |
219.8 |
215.0 |
- |
- |
|
Preferred Stock |
59.6 |
58.9 |
57.6 |
- |
- |
|
Adjustment for Capital Stock |
0.0 |
0.0 |
0.0 |
- |
- |
|
Capital Stock |
- |
- |
- |
300.7 |
292.7 |
|
Additional Paid in Capital |
86.3 |
85.3 |
- |
- |
- |
|
Consideration for Conversion Rights |
2.8 |
2.8 |
- |
- |
- |
|
Consideration for Stock Warrants |
0.6 |
0.6 |
- |
- |
- |
|
Other Capital Surplus |
2.0 |
2.0 |
- |
- |
- |
|
Adjustment for Capital Surplus |
0.0 |
0.0 |
- |
- |
- |
|
Capital Surplus |
- |
- |
88.6 |
97.8 |
95.1 |
|
Legal Reserves |
- |
18.2 |
- |
- |
- |
|
Appropriated Retained Earnings for Volun |
- |
90.0 |
- |
- |
- |
|
Retained Earnings Carried Forward |
916.7 |
840.2 |
- |
- |
- |
|
Adjustment for Retained Earnings or Accu |
- |
0.0 |
- |
- |
- |
|
Retained Earnings or Accumulated Deficit |
- |
- |
1,021.5 |
1,223.3 |
1,179.5 |
|
Losses on Valuation of Available for Sal |
-8.2 |
-16.6 |
-18.2 |
-8.8 |
- |
|
Gains on Valuation of Equity Method Secu |
4.9 |
5.1 |
5.1 |
4.8 |
- |
|
Capital Change, Equity Method (Loss) |
- |
0.0 |
- |
- |
- |
|
G/L on Valuation of Derivatives Cash Flo |
0.0 |
-0.1 |
0.0 |
0.1 |
- |
|
Overseas Business Trans. Debit/Credit |
0.9 |
1.1 |
1.8 |
-0.7 |
- |
|
Adjustment for Accumulated Other Compreh |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Accumulated Other Comprehensive Income |
- |
- |
- |
- |
16.0 |
|
Gains on Sale of Treasury Stock |
0.2 |
0.2 |
0.2 |
0.2 |
- |
|
Adjustment for Other Capital |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Treasury Stock |
-19.1 |
-18.9 |
-18.5 |
-20.4 |
- |
|
Other Capital Items |
- |
- |
- |
- |
-19.8 |
|
Total Equity |
1,269.2 |
1,288.5 |
1,352.9 |
1,597.0 |
1,563.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
4,710.3 |
4,609.6 |
4,626.1 |
5,097.9 |
5,000.5 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
48.8 |
48.8 |
48.8 |
48.8 |
48.8 |
|
Total Common Shares Outstanding |
48.8 |
48.8 |
48.8 |
48.8 |
48.8 |
|
T/S-Common Stock |
1.9 |
1.9 |
1.9 |
1.9 |
1.9 |
|
S/O-Preferred Stock |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
Total Preferred Shares Outstanding |
2.6 |
2.6 |
2.6 |
2.6 |
2.6 |
|
T/S-Preferred Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Revenue - Current |
3.6 |
2.9 |
2.3 |
5.2 |
4.0 |
|
Accumulated Intangible Amort, Suppl. |
27.4 |
26.3 |
24.4 |
26.0 |
24.4 |
|
Full-Time Employees |
1,768 |
1,809 |
1,815 |
1,753 |
1,753 |
|
Long Term Debt Maturing within 1 Year |
7.3 |
1,002.5 |
- |
- |
600.6 |
|
Long Term Debt Maturing in Year 5 |
- |
1,364.1 |
- |
- |
1,077.2 |
|
Long Term Debt - Remaining Maturities |
- |
86.5 |
- |
- |
109.4 |
|
Total Long Term Debt, Supplemental |
7.3 |
2,453.2 |
- |
- |
1,787.2 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
929.183333 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
-195.8 |
-21.6 |
40.2 |
-82.7 |
36.4 |
|
Depreciation |
151.5 |
123.1 |
67.3 |
77.8 |
89.2 |
|
Amortization of Intangible Assets |
4.1 |
1.8 |
1.6 |
4.1 |
4.4 |
|
Expense of Allowance for Doubtful Accoun |
2.5 |
1.3 |
- |
4.9 |
6.6 |
|
Amort-Other Bad Debt Expense |
- |
- |
- |
- |
0.0 |
|
Recovery of Allowance for Doubtful Accou |
-0.6 |
- |
-5.0 |
- |
- |
|
Retirement and Severance Benefits |
8.1 |
6.3 |
5.4 |
5.5 |
6.7 |
|
Dividend Income |
-1.0 |
-0.9 |
- |
- |
- |
|
Interest Income |
-6.3 |
-5.6 |
- |
- |
- |
|
Interest Expenses |
179.2 |
138.4 |
3.8 |
3.3 |
1.1 |
|
Corporate Taxes Expense |
25.9 |
-18.6 |
- |
- |
- |
|
Taxes and Dues |
- |
- |
- |
- |
0.2 |
|
Provision-GuaranteePayment Reserve |
- |
- |
- |
0.1 |
0.7 |
|
Gains on Conversion of Convertible Bonds |
- |
-8.8 |
- |
- |
- |
|
Gains on Foreign Currency Translation |
-2.3 |
-11.2 |
-19.1 |
-36.4 |
-2.5 |
|
G-Currency Swap Valuation |
- |
- |
- |
- |
-0.2 |
|
G-Currency Futr Valuation |
- |
- |
- |
- |
-1.2 |
|
Losses on Foreign Currency Translation |
25.2 |
5.3 |
9.0 |
57.5 |
8.3 |
|
L-Trade Rcv Disp. |
- |
- |
8.5 |
10.7 |
7.6 |
|
Loss on Redemption of Bonds |
0.2 |
0.4 |
1.5 |
- |
- |
|
Loss on Disposal of Property, Plant and |
- |
0.1 |
1.4 |
0.2 |
0.0 |
|
Loss on Disposal of Intangible Assets |
0.0 |
0.0 |
- |
- |
- |
|
Loss on Disposal of Financial Assets Ava |
0.0 |
- |
- |
92.2 |
30.7 |
|
Loss-Investment Assets Disposal |
- |
- |
- |
0.0 |
- |
|
Loss-Valuation of Inventory |
- |
- |
- |
42.8 |
- |
|
Impairment Loss on Financial Assets Avai |
0.8 |
- |
- |
- |
- |
|
L-Equity Method Valuation |
1.5 |
0.0 |
- |
1.2 |
0.3 |
|
Gain on Disposal of Property, Plant and |
-0.2 |
-0.1 |
-6.1 |
0.0 |
0.0 |
|
Gain on Disposal of Intangible Assets |
-0.1 |
- |
- |
- |
- |
|
Gain-Disp. of Securities/Equity Method |
- |
- |
-16.1 |
- |
-142.7 |
|
G-Dispose Securities avail. for Sale |
- |
- |
- |
-167.3 |
-0.5 |
|
Gain on Disposal of Securities Held-to-m |
-0.3 |
- |
- |
- |
- |
|
G-Dispose ST Mkt Securities |
- |
- |
- |
-0.3 |
-0.2 |
|
Gain-Disposal of Investment Assets |
- |
- |
-0.4 |
- |
- |
|
G-Valuation ST Mkt Securities |
- |
- |
- |
- |
0.0 |
|
Reverse-Loss Redcution Secs held Mature |
- |
- |
- |
- |
0.0 |
|
Recovery of Impairment Loss on Financial |
0.0 |
0.0 |
- |
0.0 |
- |
|
G-Equity Method Val. |
-1.4 |
-2.6 |
-1.2 |
-0.3 |
-48.8 |
|
Recovery-Inventory Valuation Loss |
- |
- |
-38.9 |
- |
- |
|
Earning Before Acquisition of Subsidiary |
- |
- |
- |
- |
-11.9 |
|
Adjustment for Added Expense/Deducted In |
0.0 |
0.0 |
- |
- |
- |
|
Trade Receivables |
-64.4 |
1.0 |
-27.9 |
-22.0 |
-8.7 |
|
LT Trade Rcvbls. |
-0.4 |
-1.8 |
0.4 |
-2.8 |
-1.5 |
|
Other Receivables |
14.9 |
6.3 |
14.1 |
-1.8 |
-5.2 |
|
Accrued Income |
- |
- |
-0.2 |
0.1 |
1.0 |
|
Corporate Tax Refundable |
- |
- |
0.6 |
-1.9 |
0.3 |
|
Inventories |
40.1 |
-202.7 |
14.3 |
-126.3 |
-51.0 |
|
Advance Payments |
0.5 |
-6.3 |
3.3 |
-26.2 |
-0.1 |
|
Prepaid Expenses |
2.4 |
-1.1 |
-2.4 |
-3.1 |
-2.3 |
|
Prepaid Value Added Taxes |
- |
- |
-2.8 |
1.8 |
2.9 |
|
Deferred Taxes-Asset |
- |
- |
-5.3 |
-15.4 |
-30.8 |
|
Guarant Dep-Operat |
- |
- |
0.0 |
0.3 |
0.0 |
|
Guarantee Deposit |
- |
- |
0.0 |
- |
- |
|
Finance Bussiness Assets |
- |
- |
38.2 |
-9.9 |
-22.8 |
|
Trade Payables |
-43.3 |
-139.8 |
70.3 |
265.2 |
40.6 |
|
Other Payables |
7.4 |
1.1 |
0.5 |
-2.8 |
1.1 |
|
Advance from Customers |
1.9 |
-2.7 |
-7.0 |
10.7 |
0.3 |
|
Guarantee Deposits |
- |
- |
0.0 |
0.8 |
-0.1 |
|
Unearned Income |
- |
- |
-1.2 |
0.2 |
0.8 |
|
Accrued Expenses |
12.7 |
1.9 |
7.8 |
1.4 |
-0.3 |
|
Accrued Dividends |
- |
- |
0.0 |
- |
- |
|
Accrued Income Taxes |
- |
- |
0.5 |
-2.9 |
2.4 |
|
Currency Forwards, A/L |
- |
- |
- |
1.0 |
- |
|
Currency Swap, A/L |
- |
- |
- |
-1.7 |
- |
|
Deposits Withheld |
- |
- |
0.1 |
0.0 |
-0.4 |
|
Other Current Liabilities |
1.0 |
0.6 |
- |
- |
- |
|
Deferred Taxes-Liab., Current |
- |
- |
- |
- |
0.0 |
|
Deferred Taxes-Liab. |
- |
- |
-18.4 |
-50.5 |
44.5 |
|
Payment for Retirement Allowance |
-3.0 |
-2.6 |
-1.2 |
-5.0 |
-5.7 |
|
Retirement Insurance |
- |
- |
7.3 |
1.5 |
-0.6 |
|
National Pension Fund |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Retirement Pension Operating Fund |
- |
- |
-10.5 |
- |
- |
|
Succession to Affiliates' Fixed Benefit |
0.0 |
0.0 |
- |
- |
- |
|
Plan Assets |
-2.1 |
0.1 |
- |
- |
- |
|
Reserve-Severance & Retirement Benefit |
- |
- |
0.0 |
- |
0.1 |
|
Adjustment for Change in Assets & Liabil |
0.0 |
0.0 |
- |
- |
- |
|
Cash-Interest Received |
6.0 |
6.0 |
- |
- |
- |
|
Cash-Dividend Income |
1.0 |
1.4 |
- |
0.0 |
9.9 |
|
Cash-Tax Paid |
-1.0 |
-0.4 |
- |
- |
- |
|
Discontinued Operations |
- |
-35.6 |
- |
- |
- |
|
Cash from Operating Activities |
164.7 |
-167.2 |
132.6 |
24.2 |
-41.4 |
|
|
|
|
|
|
|
|
Disposal of Other Financial Instruments |
564.2 |
13.8 |
- |
- |
- |
|
Decrease-ST Financial Assets |
- |
- |
38.9 |
5.5 |
- |
|
Dec-LT Finl Assets |
- |
- |
0.0 |
0.2 |
0.7 |
|
Dispose-ST Mkt Securities |
- |
- |
- |
122.6 |
112.1 |
|
Disp-Current Port Securities held-Mature |
- |
- |
0.8 |
1.3 |
5.0 |
|
Disp-Securities held-Mature |
- |
- |
- |
- |
0.0 |
|
Disp-ST Securities Available-for-Sale |
- |
- |
23.4 |
- |
- |
|
Disposal of Securities Available-for-Sal |
0.6 |
0.0 |
0.0 |
288.7 |
18.5 |
|
Dispose-Securities under Equity Method |
- |
4.2 |
27.4 |
- |
208.8 |
|
Decrease-ST Loans |
- |
- |
- |
0.9 |
- |
|
Decrease in LT Loans |
- |
- |
0.0 |
0.1 |
1.0 |
|
Decrease in Other Non-Current Receivable |
1.4 |
1.9 |
- |
- |
- |
|
Dec-Guarantee Dep |
- |
- |
1.2 |
9.0 |
3.0 |
|
Decrease-Guarantee Payment Loss Reserve |
- |
- |
- |
-6.1 |
- |
|
Disposal of Land |
- |
- |
9.2 |
- |
2.8 |
|
Disposal-Buildings |
- |
- |
3.7 |
- |
- |
|
Disposal Machinery |
- |
- |
0.3 |
0.0 |
0.0 |
|
Disposal-Transportation |
- |
- |
- |
0.0 |
- |
|
Disposal-Tools & Supplies |
- |
- |
0.0 |
0.0 |
- |
|
Disposal-Supplies |
- |
- |
0.0 |
0.7 |
- |
|
Disposal of Property, Plant and Equipmen |
0.7 |
1.9 |
- |
- |
- |
|
Dec-Member Enrol Rgt |
- |
- |
0.6 |
0.0 |
0.1 |
|
Disposal of Intangible Assets |
0.3 |
0.0 |
- |
- |
- |
|
Inc-ST Finl Assets |
- |
- |
- |
-58.7 |
-6.5 |
|
Purchase of Other Financial Instruments |
-583.5 |
- |
- |
- |
- |
|
Acq-ST Mkt Securities |
- |
- |
- |
-116.8 |
-111.9 |
|
Acq-Securities avail. for Sale |
-7.0 |
-7.6 |
-22.4 |
-2.7 |
-20.4 |
|
Purchase of Other Non-Current Finacial I |
-0.1 |
-2.2 |
- |
- |
- |
|
Acq-Securities held till Maturity |
- |
- |
-1.2 |
-16.1 |
-1.1 |
|
Increase-Securities under Equity Method |
-0.2 |
- |
- |
-18.8 |
- |
|
Inc-LT Finl Assets |
- |
- |
-0.8 |
-0.3 |
-1.1 |
|
Increase in ST Loans |
- |
- |
- |
-2.4 |
- |
|
Increase in LT Loans |
- |
- |
- |
-0.1 |
-1.3 |
|
Inc in Guarant Depos |
- |
- |
-2.3 |
-2.2 |
-11.0 |
|
Increase in Other Non-CurrentReceivables |
-0.7 |
-3.2 |
- |
- |
- |
|
Increase in Other Receivables |
-10.0 |
-0.9 |
- |
- |
- |
|
Increase-Structure |
- |
- |
- |
0.0 |
- |
|
Increase-Machinery & Equipment |
- |
- |
0.0 |
- |
- |
|
Acq. in Tools/Equip. |
- |
- |
0.0 |
-0.1 |
0.0 |
|
Inc. Const. In Prog |
- |
- |
-542.4 |
-578.8 |
-172.4 |
|
Purchase of Property, Plant and Equipmen |
-119.7 |
-141.2 |
- |
- |
- |
|
Increase-Software |
- |
- |
- |
-0.5 |
- |
|
Inc-MemberEnroll Rgt |
- |
- |
-1.7 |
-11.8 |
-3.0 |
|
Purchase of Intangible Assets |
-8.4 |
- |
- |
- |
- |
|
Discontinued Operations |
- |
-1.4 |
- |
- |
- |
|
Cash from Investing Activities |
-162.5 |
-134.5 |
-465.1 |
-386.4 |
23.4 |
|
|
|
|
|
|
|
|
Increase in Current Borrowings |
53.6 |
16.8 |
317.3 |
1,322.1 |
1,827.1 |
|
Increase in Non-Current Borrowings |
62.5 |
877.4 |
323.2 |
79.0 |
139.9 |
|
Increase in Bonds |
296.0 |
386.5 |
285.2 |
272.7 |
243.7 |
|
Disposal Treas. Stk |
- |
- |
- |
- |
5.0 |
|
Capital Increase |
- |
- |
109.3 |
- |
- |
|
Capital Increase-Subscription Warrant |
0.0 |
0.0 |
0.0 |
- |
- |
|
Dec-ST Borrowings |
- |
- |
-288.2 |
-1,135.5 |
-1,958.5 |
|
Decrease-LT Borrowings |
- |
- |
0.0 |
-0.2 |
- |
|
Call Redemption of Non-Current Borrowing |
- |
-271.0 |
- |
- |
- |
|
Dec-Current LT Liabs |
- |
- |
-348.0 |
-166.4 |
-184.3 |
|
Decrease in Current Portion of Long-Term |
-44.5 |
-90.0 |
- |
- |
- |
|
Decrease in Bonds |
-210.1 |
-440.0 |
-7.8 |
-24.5 |
-20.6 |
|
Decrease-Convertible Bond |
- |
- |
-25.2 |
- |
- |
|
Increase in Treasury Stocks |
-2.4 |
- |
-17.5 |
- |
- |
|
Dividend Paid |
-7.1 |
-9.0 |
-3.7 |
-7.5 |
-4.0 |
|
Increase-Expense for Bond Issuance |
- |
- |
-1.8 |
- |
- |
|
Increase-Expense for Stock Issuance |
- |
- |
-3.3 |
0.0 |
- |
|
Cash Outflow-Consol. Capital Transaction |
- |
- |
1.7 |
-2.7 |
- |
|
Inc due to Con Scope |
- |
- |
1.4 |
- |
-30.6 |
|
Minority Interest |
4.5 |
- |
- |
- |
- |
|
Cash-Interest Paid |
-185.3 |
-167.4 |
- |
- |
- |
|
Discontinued Operations in Cashflows fro |
- |
36.2 |
- |
- |
- |
|
Discontinued Operations in Cash and Cas |
- |
0.8 |
- |
- |
- |
|
Cash from Financing Activities |
-32.6 |
340.4 |
342.6 |
337.0 |
17.6 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.7 |
-0.5 |
-2.6 |
5.3 |
8.7 |
|
Net Change in Cash |
-31.1 |
38.1 |
7.4 |
-20.0 |
8.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
71.9 |
30.8 |
26.0 |
50.1 |
50.9 |
|
Net Cash - Ending Balance |
40.8 |
68.9 |
33.4 |
30.1 |
59.3 |
|
Cash Interest Paid |
185.3 |
167.4 |
- |
- |
- |
|
Cash Taxes Paid |
1.0 |
0.4 |
- |
- |
- |
Interim Cash Flows
As Reported
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 |
-43.9 |
-195.8 |
-98.7 |
-4.9 |
-16.1 |
|
Depreciation |
37.6 |
151.5 |
114.6 |
75.9 |
37.1 |
|
Amortization of Intangible Assets |
0.9 |
4.1 |
2.8 |
1.8 |
0.9 |
|
Retirement and Severance Benefits |
2.2 |
8.1 |
6.1 |
3.9 |
1.9 |
|
Expenses of Allowance for Doubtful Accou |
- |
2.5 |
1.7 |
0.9 |
0.5 |
|
Reversal of Allowance for Doubtful Accou |
-0.6 |
-0.6 |
-0.6 |
-0.6 |
- |
|
Corporate Taxes |
-5.6 |
25.9 |
-22.4 |
2.3 |
0.3 |
|
Dividend Income |
0.0 |
-1.0 |
-1.1 |
-1.1 |
0.0 |
|
Interest Income |
-1.1 |
-6.3 |
-5.2 |
-3.6 |
-1.8 |
|
Interest Expenses |
44.1 |
179.2 |
135.6 |
89.3 |
43.5 |
|
Gains on Foreign Currency Translation |
-7.3 |
-2.3 |
-18.2 |
-16.8 |
-14.8 |
|
Gains on Valuations of Derivatives |
-0.1 |
- |
-0.5 |
0.0 |
- |
|
Losses on Valuation of Derivatives |
0.0 |
- |
- |
0.0 |
0.0 |
|
Losses on Foreign Currency Translation |
2.9 |
25.2 |
80.7 |
2.3 |
1.0 |
|
Losses on Redemption of Bonds |
0.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Loss on Disposal of Property, Plant and |
0.0 |
- |
- |
- |
- |
|
Losses on Sale of Intangible Assets |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Loss on Disposal of Financial Assets Ava |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Impairment Loss on Financial Assets Avai |
- |
0.8 |
- |
- |
- |
|
Loss under Equity Method |
0.3 |
1.5 |
- |
- |
0.1 |
|
Gain on Disposal of Financial Assets Ava |
0.0 |
- |
- |
- |
- |
|
Gains on Sale of Property, Plant and Equ |
- |
-0.2 |
-0.2 |
-0.1 |
- |
|
Gain on Disposal of Intangible Assets |
- |
-0.1 |
- |
- |
- |
|
Gain on Disposal of Securities Held-to-m |
- |
-0.3 |
- |
- |
- |
|
Recovery of Impairment Loss on Financial |
- |
0.0 |
0.0 |
0.0 |
- |
|
Gains on Valuation of Equity Method Secu |
-0.3 |
-1.4 |
-1.1 |
-1.1 |
-0.7 |
|
Adjustment of cash flow from operating a |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Trade Receivables |
-0.5 |
-64.4 |
-125.1 |
-54.8 |
-7.2 |
|
Other Receivables |
-0.7 |
14.9 |
4.4 |
-15.3 |
4.3 |
|
Decrease or Increase in Long-term Trade |
- |
-0.4 |
-0.3 |
-0.9 |
0.0 |
|
Decrease or Increase in Advance Payments |
-2.1 |
0.5 |
-2.9 |
0.4 |
5.3 |
|
Decrease or Increase in Inventories |
-5.2 |
40.1 |
-15.6 |
-96.3 |
-15.8 |
|
Decrease or Increase in Prepaid Expenses |
-1.6 |
2.4 |
0.6 |
-0.8 |
-0.9 |
|
Increase or Decrease in Trade Payables |
90.4 |
-43.3 |
52.1 |
80.2 |
61.1 |
|
Increase or Decrease in Other Payables |
-0.2 |
7.4 |
2.0 |
0.2 |
1.0 |
|
LT Trade Payables |
0.0 |
- |
- |
- |
- |
|
Increase or Decrease in Accrued Expenses |
0.8 |
12.7 |
12.4 |
3.9 |
5.4 |
|
Increase or Decrease in Advances from Cu |
0.7 |
1.9 |
1.2 |
3.9 |
2.8 |
|
Other Current Liabilities |
-0.4 |
1.0 |
0.1 |
-0.1 |
-0.4 |
|
Payment for Retirement and Severance Ben |
-2.0 |
-3.0 |
-2.6 |
-1.9 |
-0.9 |
|
Plan Assets |
0.7 |
-2.1 |
0.6 |
0.4 |
0.2 |
|
Succession to Affiliates' Fixed Benefit |
- |
0.0 |
0.0 |
- |
- |
|
National Pension Fund |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Adjustment for Operating Assets & Liabil |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash-Interest Received |
1.1 |
6.0 |
4.9 |
3.5 |
1.4 |
|
Cash-Dividend Income |
0.0 |
1.0 |
1.1 |
1.1 |
0.0 |
|
Cash-Tax Refunded |
- |
- |
- |
0.6 |
- |
|
Cash-Tax Paid |
-1.6 |
-1.0 |
0.3 |
- |
-0.3 |
|
Cash from Operating Activities |
108.5 |
164.7 |
127.0 |
72.3 |
108.0 |
|
|
|
|
|
|
|
|
Decrease-Other LT Receivables |
- |
1.4 |
1.5 |
0.0 |
- |
|
Decrease-Other Receivables |
0.4 |
- |
0.8 |
9.8 |
- |
|
Proceeds from Sale of Property, Plant an |
0.0 |
0.7 |
0.7 |
0.2 |
- |
|
Decrease-Intangible Assets |
- |
0.3 |
0.1 |
0.1 |
0.1 |
|
Disposal of Other Financial Instruments |
1.2 |
564.2 |
249.4 |
248.0 |
- |
|
Purchase of Current Securities Available |
-0.3 |
- |
- |
- |
- |
|
Disposal of Non-Current Securities Avail |
0.9 |
- |
- |
- |
- |
|
Proceeds from Sale of Available for sale |
- |
0.6 |
0.6 |
0.6 |
- |
|
Increase-Other Non-Current Financial Ass |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
-0.1 |
|
Purchase of Available for sale Securitie |
- |
-7.0 |
-4.3 |
-4.3 |
-1.9 |
|
Disposal of Current Securities Available |
0.0 |
- |
- |
- |
- |
|
Purchase of Non-Current Securities Avail |
-0.9 |
- |
- |
- |
- |
|
Purchase of Other Financial Instruments |
- |
-583.5 |
-270.8 |
-259.6 |
-23.7 |
|
Purchase of Investment in Affiliates |
- |
-0.2 |
-2.7 |
-2.7 |
- |
|
Increase in Other Receivables |
- |
-10.0 |
- |
- |
- |
|
Increase in Other Current Receivables |
-0.2 |
- |
- |
- |
- |
|
Increase-Other LT Receivables |
-0.1 |
-0.7 |
-0.6 |
-0.3 |
-0.1 |
|
Purchase of Property, Plant and Equipmen |
-17.2 |
-119.7 |
-72.8 |
-40.7 |
-18.1 |
|
Purchase of Intangible Assets |
0.0 |
-8.4 |
-6.6 |
-5.8 |
-7.3 |
|
Cash from Investing Activities |
-16.1 |
-162.5 |
-105.0 |
-54.8 |
-51.0 |
|
|
|
|
|
|
|
|
Proceeds from Short-term Borrowings |
- |
53.6 |
38.8 |
615.3 |
33.7 |
|
Increase in Bonds |
45.9 |
296.0 |
244.8 |
145.2 |
88.5 |
|
Proceeds from Long-term Borrowings |
11.4 |
62.5 |
31.0 |
15.5 |
- |
|
Capital Increase with Exercise-Subscript |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Decrease in Current Borrowings |
-10.9 |
- |
- |
-575.6 |
- |
|
Dec-Current Portion of LT Borrowings |
-24.6 |
-44.5 |
-10.8 |
-4.6 |
-2.2 |
|
Decrease in Current Portion of Bonds |
-85.9 |
- |
- |
- |
- |
|
Decrease in Bonds |
- |
-210.1 |
-178.6 |
-137.1 |
-27.2 |
|
Purchase of Treasury Stock |
- |
-2.4 |
-2.4 |
-2.4 |
-2.4 |
|
Payments in Dividends |
- |
-7.1 |
-7.1 |
-7.1 |
- |
|
Cash-Interest Paid |
-51.5 |
-185.3 |
-139.5 |
-92.0 |
-43.1 |
|
Bond Issuance Cost |
- |
- |
- |
-1.1 |
- |
|
Capital Increase |
- |
- |
0.0 |
- |
- |
|
Increase in Preferred Stocks |
61.8 |
- |
- |
- |
- |
|
Minority Interest |
- |
4.5 |
- |
- |
- |
|
Change-Foreign Currency Translation |
- |
- |
- |
- |
-0.6 |
|
Cash from Financing Activities |
-53.7 |
-32.6 |
-23.8 |
-43.8 |
46.7 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
-0.7 |
0.5 |
-1.2 |
0.0 |
|
Net Change in Cash |
38.7 |
-31.1 |
-1.4 |
-27.5 |
103.7 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalent at Beginning |
40.0 |
71.9 |
72.7 |
72.3 |
71.1 |
|
Cash and Cash Equivalent at End |
78.7 |
40.8 |
71.4 |
44.8 |
174.8 |
|
Cash Interest Paid |
51.5 |
185.3 |
139.5 |
92.0 |
43.1 |
|
Cash Taxes Paid |
1.6 |
1.0 |
-0.3 |
-0.6 |
0.3 |
Geographic
Segments
Financials in: As Reported (mil)
|
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Geographic Segments
Financials in: As Reported (mil)
|
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Business Segments
Financials in: As Reported (mil)
|
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Business Segments
Financials in: As Reported (mil)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.63 |
|
UK Pound |
1 |
Rs.86.17 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.