MIRA
INFORM REPORT
|
Report Date : |
06.04.2013 |
IDENTIFICATION DETAILS
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Name : |
HYUNDAI ELEVATOR CO LTD |
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Registered Office : |
San 136-1, Ami-Ri, Bubal-Eup, Icheon, 467866 |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
23.05.1984 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
provision of vertical and horizontal
transportation systems |
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No. of Employees : |
1293 |
RATING & COMMENTS
|
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 : |
Slow but Correct |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
South Korea - ECONOMIC OVERVIEW
South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea''s development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. With the global economic downturn in late 2008, South Korean GDP growth slowed to 0.3% in 2009. In the third quarter of 2009, the economy began to recover, in large part due to export growth, low interest rates, and an expansionary fiscal policy, and growth was 3.6% in 2011. In 2011, the US-South Korea Free Trade Agreement was ratified by both governments and is projected to go into effect in early 2012. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.
|
Source
: CIA |
Company name & address
Hyundai Elevator Co Ltd
San 136-1, Ami-Ri, Bubal-Eup
Icheon, 467866
Korea, Republic of
Tel: 82-31-6445114
Fax: 82-2-7454227
Web: www.hyundaielevator.co.kr
synthesis
Employees: 1,293
Company Type: Public
Parent
Corporate Family: 7
Companies
Traded: Korea
Stock Exchange: 017800
Incorporation Date:
23-May-1984
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2012
Reporting Currency: South
Korean Won
Annual Sales: 812.5
1
Net Income: (240.5)
Total Assets: 1,187.3 2
Market Value: 995.1 (15-Mar-2013)
Business Description
HYUNDAI ELEVATOR CO.,LTD is a Korea-based company specialized in the provision of vertical and horizontal transportation systems. The Company’s products include elevators for passengers, observation, hospitals, automobiles, freights and marine applications; escalators, including millennium escalators, H series escalators, modular escalators, moving walks and others; material handling systems, including stacker cranes, automatic guided vehicles (AGVs) and robotic transfer vehicles (RTVs); parking systems, including elevator parking systems, cart parking systems, integrated parking systems, multi level parking systems and others, and system on chip (SOC) infrastructure systems, including platform screen doors, auto-sliding canopy and others. It also engages in the maintenance services and leasing of real estate. For the fiscal year ended 31 December 2012, Hyundai Elevator Co Ltd revenues increased 4% to W915.62B. Net loss increased 4% to W271.01B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Loss under Equity Method increase of 89% to W238.45B (expense), Commission Paid increase of 77% to W12.78B (expense).
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2491 - Lifting and
Material Handling Equipment Manufacturing
NACE 2002: 2922 - Manufacture
of lifting and handling equipment
NAICS 2002: 333921 - Elevator and
Moving Stairway Manufacturing
UK SIC 2003: 2922 - Manufacture
of lifting and handling equipment
UK SIC 2007: 2822 - Manufacture
of lifting and handling equipment
US SIC 1987: 3534 - Elevators
and Moving Stairways
Key Executives
|
Name |
Title |
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Chief Executive Officer, Director |
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Chief Financial Officer, Assistant Managing Director |
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|
Jin Chul Song |
CEO |
|
Young Su Kim |
General Manager-Investor Relations |
|
Chairman of the Board |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
1 |
16-Nov-2012 |
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|
1 |
20-Feb-2013 |
||
|
6 |
Hyundai
Elevator Co., Ltd. Announces Amendments to Public Equity Offering |
27-Mar-2013 |
* number of
significant developments within the last 12 months
News
|
Title |
Date |
|
Hyundai Elevator Co., Ltd. Issues
FY 2013 Revenue Outlook |
20-Feb-2013 |
|
Schindler
Billionaire Elevates Court Spat With Korea Partner |
13-Dec-2012 |
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Schindler
Billionaire Elevates Court Spat With Korean Affiliate |
12-Dec-2012 |
|
Seoul shares
end up; Samsung Electronics hits record closing high |
7-Dec-2012 |
|
Seoul shares
close up, Samsung Elec hits lifetime high |
7-Dec-2012 |
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Seoul
shares gain on hopes for U.S. budget talks, China growth |
6-Dec-2012 |
Financial Summary
|
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1126.849
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1066.4
Corporate Overview
Location
San 136-1, Ami-Ri, Bubal-Eup
Icheon, 467866
Korea, Republic of
Tel: 82-31-6445114
Fax: 82-2-7454227
Quote Symbol - Exchange
017800 - Korea
Stock Exchange
Sales KRW(mil): 915,619.5
Assets KRW(mil): 1,266,147.8
Employees: 1,293
Fiscal Year End: 31-Dec-2012
Industry: Miscellaneous
Capital Goods
Incorporation Date: 23-May-1984
Company Type: Public
Parent
Quoted Status: Quoted
Chief Executive
Officer, Director:
Sang Ho Han
Industry Codes
ANZSIC 2006 Codes:
2491 - Lifting and Material Handling Equipment Manufacturing
3299 - Other Construction Services Not Elsewhere Classified
6712 - Non-Residential Property Operators
9429 - Other Machinery and Equipment Repair and Maintenance
NACE 2002 Codes:
2922 - Manufacture of lifting and handling equipment
7020 - Letting of own property
5274 - Repair not elsewhere classified
4525 - Other construction work involving special trades
NAICS 2002 Codes:
333921 - Elevator and Moving Stairway Manufacturing
333922 - Conveyor and Conveying Equipment Manufacturing
333923 - Overhead Traveling Crane, Hoist, and Monorail System
Manufacturing
531120 - Lessors of Nonresidential Buildings (except Miniwarehouses)
531190 - Lessors of Other Real Estate Property
811310 - Commercial and Industrial Machinery and Equipment (except
Automotive and Electronic) Repair and Maintenance
238290 - Other Building Equipment Contractors
US SIC 1987:
3534 - Elevators and Moving Stairways
3535 - Conveyors and Conveying Equipment
3536 - Overhead Traveling Cranes, Hoists, and Monorail Systems
1796 - Installation or Erection of Building Equipment, Not
Elsewhere Classified
7699 - Repair Shops and Related Services, Not Elsewhere Classified
6512 - Operators of Nonresidential Buildings
6519 - Lessors of Real Property, Not Elsewhere Classified
UK SIC 2003:
2922 - Manufacture of lifting and handling equipment
70209 - Other letting of own property
7020 - Letting of own property
5274 - Repair not elsewhere classified
4525 - Other construction work involving special trades
UK SIC 2007:
2822 - Manufacture of lifting and handling equipment
9529 - Repair of other personal and household goods
6820 - Renting and operating of own or leased real estate
43999 - Specialised construction activities (other than scaffold
erection) n.e.c.
68209 - Letting and operating of own or leased real estate (other
than Housing Association real estate and conference and exhibition services)
n.e.c.
Business
Description
HYUNDAI ELEVATOR
CO.,LTD is a Korea-based company specialized in the provision of vertical and
horizontal transportation systems. The Company’s products include elevators
for passengers, observation, hospitals, automobiles, freights and marine
applications; escalators, including millennium escalators, H series escalators,
modular escalators, moving walks and others; material handling systems,
including stacker cranes, automatic guided vehicles (AGVs) and robotic transfer
vehicles (RTVs); parking systems, including elevator parking systems, cart parking
systems, integrated parking systems, multi level parking systems and others,
and system on chip (SOC) infrastructure systems, including platform screen
doors, auto-sliding canopy and others. It also engages in the maintenance
services and leasing of real estate. For the fiscal year ended 31 December
2012, Hyundai Elevator Co Ltd revenues increased 4% to W915.62B. Net loss
increased 4% to W271.01B. Revenues reflect an increase in demand for the
Company's products and services due to favorable market conditions. Higher net
loss reflects Loss under Equity Method increase of 89% to W238.45B (expense),
Commission Paid increase of 77% to W12.78B (expense).
More Business
Descriptions
Manufacture of elevators, escalators, parking and automatic storage
systems
Elevators, Escalators, Auto Parking Systems, Material Handling Systems,
Platforms & Screen Doors Mfr, Installer, Sales & Services
Elevators/Escalators
Brand/Trade Names
HYUNDAI
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Corporate Family |
Corporate
Structure News: |
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Hyundai
Elevator Co Ltd |
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Hyundai Elevator Co Ltd |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Icheon |
Korea, Republic of |
Miscellaneous Capital Goods |
812.5 |
1,293 |
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Subsidiary |
Jakarta |
Indonesia |
Miscellaneous Capital Goods |
|
100 |
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Subsidiary |
Davao |
Philippines |
Miscellaneous Capital Goods |
|
50 |
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Subsidiary |
Gardena, CA |
United States |
Miscellaneous Capital Goods |
24.3 |
9 |
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Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Shenzhen, Guangdong |
China |
Engineering Consultants |
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Subsidiary |
Wanchai |
Hong Kong |
Engineering Consultants |
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Executive report
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Board
of Directors |
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Chairman of the Board |
Chairman |
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Non-Executive Independent Director |
Director/Board Member |
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Chief Executive Officer, Director |
Director/Board Member |
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Assistant Managing Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Non-Executive Independent Director |
Director/Board Member |
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Managing Director |
Director/Board Member |
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Executives |
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Chief Executive Officer, Director |
Chief Executive Officer |
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CEO |
Chief Executive Officer |
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General Manager-Investor Relations |
Division Head Executive |
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Assistant Managing Director |
Managing Director |
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Assistant Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Chief Financial Officer, Assistant
Managing Director |
Finance Executive |
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Significant Developments
Hyundai Elevator Co., Ltd. Announces Amendments to Public Equity Offering Mar 27, 2013
Hyundai Elevator Co., Ltd. announced that it has made amendments to the previously announced 1,600,000 common shares. After the amendments, the shares will be open for subscription from May 22, 2013 to May 23, 2013, and the new shares will be listed on May 7, 2013.
Hyundai Elevator Co., Ltd. Issues FY 2013 Revenue Outlook Feb 20, 2013
Hyundai Elevator Co., Ltd. announced that it expects the revenue for the fiscal year 2013 to record KRW 980 billion.
Hyundai Elevator Co., Ltd. Announces Public Offering of Common Stock Feb 20, 2013
Hyundai Elevator Co., Ltd. announced that it has agreed to issue 1,600,000 common shares, raising KRW 110,880 million, through a public offering, for its operations. Its par value and offer price are KRW 5,000 and KRW 69,300, respectively. The listing date of the new shares is April 9, 2013, and the shares will be open for subscription from March 25, 2013 to March 26, 2013. SAMSUNG SECURITIES CO.,LTD will be the underwriter for the public offering.
Hyundai Elevator Co., Ltd. Announces Subscription Results of Rights Issue Dec 14, 2012
Hyundai Elevator Co., Ltd. announced the subscription results of the previously announced rights offering of 1,300,000 common shares. The number of the shares remaining unclaimed is 89,250 of the total allocated shares and the unclaimed shares will be open for subscription to public from December 20, 2012 to December 21, 2012. The unclaimed shares after the public offering will be purchased by the underwriter Korea Investment & Securities Co., Ltd. and HYUNDAI SECURITIES CO.,LTD.
Hyundai Elevator Co., Ltd. to Establish New Subsidiary Nov 16, 2012
Hyundai Elevator Co., Ltd. announced that it will establish a new wholly owned subsidiary in Brasil to propel elevator production, sale and maintenance business. The new entity, to be capitalized at KRW 32,619 million, will be mainly engaged in the elevator production, sale and maintenance business. The expected transaction settlement date is June 30, 2013.
Hyundai Elevator Co., Ltd. Announces Amendments to Rights Issue Nov 07, 2012
Hyundai Elevator Co., Ltd. announced that it has made amendments to the previously announced rights issue of 1,300,000 common shares. Now, the shares will be issued at an issue price of KRW 63,600 per share, raising KRW 82,680 million in proceeds for operations.
Hyundai Elevator Co., Ltd. Announces Rights Issue Oct 23, 2012
Hyundai Elevator Co., Ltd. announced a rights issue of 1,300,000 common shares of par value KRW 5,000 each at an issue price of KRW 68,400 per share, raising KRW 88,920 million in proceeds for operations. The employee stock ownership association will have a preferred right to purchase the new shares at an allocation rate of 20% on November 13, 2012, and the shareholders of record on November 12, 2012 will have rights to purchase 0.09690181 new rights shares for each share held from December 13, 2012 to December 14, 2012. The listing date of the new shares is January 10, 2013. Korea Investment & Securities Co., Ltd. will be the underwriter.
Hyundai Elevator Co Ltd Decides to Dispose Treasury Shares Aug 22, 2012
Hyundai Elevator Co Ltd announced that it will sell 112,856 shares of its common stock for KRW 11,454,884,000 to secure its financial structure.
Annual
Income Statement
Financials in: USD (mil),
Except for share items (millions) and per share items (actual units),
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
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Net Sales |
812.5 |
793.6 |
722.5 |
645.3 |
619.5 |
|
Revenue |
812.5 |
793.6 |
722.5 |
645.3 |
619.5 |
|
Total Revenue |
812.5 |
793.6 |
722.5 |
645.3 |
619.5 |
|
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|
|
|
|
|
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Cost of Revenue |
701.5 |
714.6 |
629.5 |
570.0 |
552.0 |
|
Cost of Revenue, Total |
701.5 |
714.6 |
629.5 |
570.0 |
552.0 |
|
Gross Profit |
111.1 |
79.0 |
93.0 |
75.3 |
67.4 |
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|
|
|
|
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Selling/General/Administrative Expense |
30.9 |
20.3 |
22.3 |
20.2 |
18.2 |
|
Labor & Related Expense |
25.7 |
24.1 |
19.8 |
17.8 |
17.4 |
|
Advertising Expense |
1.1 |
1.1 |
2.1 |
1.0 |
1.0 |
|
Total Selling/General/Administrative Expenses |
57.7 |
45.5 |
44.2 |
39.0 |
36.6 |
|
Research & Development |
7.8 |
7.4 |
6.9 |
6.2 |
5.0 |
|
Depreciation |
1.9 |
2.0 |
1.8 |
1.6 |
1.0 |
|
Amortization of Intangibles |
- |
- |
- |
0.0 |
0.0 |
|
Depreciation/Amortization |
1.9 |
2.0 |
1.8 |
1.6 |
1.0 |
|
Investment Income -
Operating |
- |
- |
-0.4 |
- |
- |
|
Interest/Investment Income - Operating |
- |
- |
-0.4 |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
- |
- |
-0.4 |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
- |
- |
0.0 |
- |
- |
|
Unusual Expense (Income) |
- |
- |
0.0 |
- |
- |
|
Other Operating Expense |
- |
- |
0.3 |
- |
- |
|
Other, Net |
- |
- |
-8.0 |
- |
- |
|
Other Operating Expenses, Total |
- |
- |
-7.6 |
- |
- |
|
Total Operating Expense |
768.8 |
769.4 |
674.4 |
616.8 |
594.6 |
|
|
|
|
|
|
|
|
Operating Income |
43.7 |
24.1 |
48.1 |
28.5 |
24.8 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-25.0 |
-24.9 |
-22.7 |
-15.9 |
-12.0 |
|
Interest Expense, Net Non-Operating |
-25.0 |
-24.9 |
-22.7 |
-15.9 |
-12.0 |
|
Interest Income -
Non-Operating |
9.9 |
8.2 |
4.2 |
3.0 |
4.1 |
|
Investment Income -
Non-Operating |
-283.1 |
-300.6 |
172.0 |
-215.3 |
5.6 |
|
Interest/Investment Income - Non-Operating |
-273.2 |
-292.4 |
176.2 |
-212.2 |
9.7 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
- |
0.0 |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-298.2 |
-317.3 |
153.5 |
-228.2 |
-2.2 |
|
Gain (Loss) on Sale of Assets |
0.1 |
0.1 |
- |
0.0 |
0.0 |
|
Other Non-Operating Income (Expense) |
1.9 |
1.3 |
- |
0.0 |
-17.6 |
|
Other, Net |
1.9 |
1.3 |
- |
0.0 |
-17.6 |
|
Income Before Tax |
-252.5 |
-291.8 |
201.6 |
-199.7 |
5.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
-12.0 |
-55.9 |
36.8 |
-35.7 |
-22.1 |
|
Income After Tax |
-240.5 |
-235.8 |
164.8 |
-164.0 |
27.1 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
- |
- |
0.2 |
0.0 |
|
Net Income Before Extraord Items |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
Net Income |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
10.9 |
10.5 |
7.7 |
7.7 |
7.8 |
|
Basic EPS Excl Extraord Items |
-22.10 |
-22.44 |
21.39 |
-21.25 |
3.48 |
|
Basic/Primary EPS Incl Extraord Items |
-22.10 |
-22.44 |
21.39 |
-21.25 |
3.48 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
Diluted Weighted Average Shares |
10.9 |
10.5 |
7.7 |
7.7 |
7.8 |
|
Diluted EPS Excl Extraord Items |
-22.10 |
-22.44 |
21.39 |
-21.25 |
3.48 |
|
Diluted EPS Incl Extraord Items |
-22.10 |
-22.44 |
21.39 |
-21.25 |
3.48 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.44 |
0.63 |
0.57 |
0.41 |
|
Gross Dividends - Common Stock |
0.0 |
4.7 |
4.9 |
4.4 |
3.2 |
|
Interest Expense, Supplemental |
25.0 |
24.9 |
22.7 |
15.9 |
12.0 |
|
Depreciation, Supplemental |
6.0 |
6.1 |
5.2 |
5.1 |
3.8 |
|
Total Special Items |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Tax |
-252.6 |
-291.8 |
201.7 |
-199.7 |
5.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
-12.0 |
-56.0 |
36.8 |
-35.7 |
-22.1 |
|
Normalized Income After Tax |
-240.6 |
-235.9 |
164.9 |
-164.0 |
27.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-240.6 |
-235.9 |
164.9 |
-163.8 |
27.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-22.11 |
-22.44 |
21.39 |
-21.26 |
3.48 |
|
Diluted Normalized EPS |
-22.11 |
-22.44 |
21.39 |
-21.26 |
3.48 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rental Expenses |
1.1 |
0.3 |
0.3 |
0.5 |
0.5 |
|
Advertising Expense, Supplemental |
1.1 |
1.1 |
2.1 |
1.0 |
1.0 |
|
Research & Development Exp, Supplemental |
7.8 |
7.4 |
6.9 |
6.2 |
5.0 |
|
Normalized EBIT |
43.7 |
24.1 |
47.8 |
28.5 |
24.8 |
|
Normalized EBITDA |
49.7 |
30.2 |
53.0 |
33.6 |
28.7 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1066.400024 |
1152 |
1134.9 |
1164.475 |
1259.55 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
243.8 |
108.1 |
151.5 |
56.3 |
99.8 |
|
Short Term Investments |
51.0 |
89.4 |
15.8 |
0.2 |
3.3 |
|
Cash and Short Term Investments |
294.8 |
197.5 |
167.3 |
56.5 |
103.1 |
|
Accounts Receivable -
Trade, Gross |
- |
- |
- |
223.5 |
194.7 |
|
Provision for Doubtful
Accounts |
- |
- |
- |
-9.5 |
-6.0 |
|
Trade Accounts Receivable - Net |
233.9 |
264.7 |
253.1 |
214.0 |
188.6 |
|
Other Receivables |
3.3 |
3.5 |
1.4 |
1.3 |
0.8 |
|
Total Receivables, Net |
237.1 |
268.2 |
254.5 |
215.3 |
189.5 |
|
Inventories - Finished Goods |
- |
- |
- |
0.7 |
0.8 |
|
Inventories - Raw Materials |
- |
- |
- |
7.3 |
7.7 |
|
Inventories - Other |
- |
- |
- |
15.2 |
15.8 |
|
Total Inventory |
9.2 |
10.0 |
8.8 |
23.1 |
24.3 |
|
Prepaid Expenses |
3.3 |
1.5 |
- |
2.1 |
3.5 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
4.1 |
2.5 |
|
Other Current Assets |
13.4 |
20.0 |
42.6 |
0.3 |
1.0 |
|
Other Current Assets, Total |
13.4 |
20.0 |
42.6 |
4.3 |
3.5 |
|
Total Current Assets |
557.8 |
497.1 |
473.2 |
301.4 |
323.9 |
|
|
|
|
|
|
|
|
Buildings |
- |
51.6 |
50.9 |
59.3 |
30.7 |
|
Land/Improvements |
- |
38.2 |
38.8 |
62.8 |
32.4 |
|
Machinery/Equipment |
- |
22.2 |
21.9 |
23.4 |
19.7 |
|
Construction in
Progress |
- |
0.2 |
0.1 |
3.5 |
10.5 |
|
Other
Property/Plant/Equipment |
- |
22.9 |
21.7 |
18.6 |
14.8 |
|
Property/Plant/Equipment - Gross |
- |
135.1 |
133.5 |
167.6 |
108.1 |
|
Accumulated Depreciation |
- |
-43.6 |
-38.9 |
-38.2 |
-31.3 |
|
Property/Plant/Equipment - Net |
77.6 |
91.5 |
94.6 |
129.4 |
76.7 |
|
Intangibles, Net |
4.2 |
3.9 |
3.2 |
0.3 |
0.4 |
|
LT Investment - Affiliate Companies |
355.4 |
443.3 |
583.4 |
388.2 |
473.7 |
|
LT Investments - Other |
124.5 |
86.8 |
87.2 |
23.4 |
19.0 |
|
Long Term Investments |
479.9 |
530.1 |
670.7 |
411.6 |
492.7 |
|
Note Receivable - Long Term |
- |
- |
- |
0.2 |
0.1 |
|
Deferred Income Tax - Long Term Asset |
42.7 |
31.9 |
- |
- |
- |
|
Other Long Term Assets |
25.0 |
24.9 |
24.0 |
37.2 |
80.3 |
|
Other Long Term Assets, Total |
67.7 |
56.8 |
24.0 |
37.2 |
80.3 |
|
Total Assets |
1,187.3 |
1,179.4 |
1,265.7 |
880.0 |
974.2 |
|
|
|
|
|
|
|
|
Accounts Payable |
91.3 |
98.6 |
111.3 |
102.5 |
118.3 |
|
Accrued Expenses |
- |
- |
- |
1.5 |
1.3 |
|
Notes Payable/Short Term Debt |
183.7 |
128.3 |
191.4 |
30.7 |
113.6 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
- |
68.0 |
53.8 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advances |
5.3 |
4.2 |
2.4 |
34.3 |
9.1 |
|
Income Taxes Payable |
- |
- |
6.0 |
1.6 |
11.6 |
|
Other Payables |
31.6 |
25.1 |
26.4 |
21.5 |
27.9 |
|
Other Current Liabilities |
131.6 |
72.1 |
60.2 |
13.3 |
7.7 |
|
Other Current liabilities, Total |
168.6 |
101.4 |
95.1 |
70.7 |
56.3 |
|
Total Current Liabilities |
443.5 |
328.3 |
397.7 |
273.3 |
343.3 |
|
|
|
|
|
|
|
|
Long Term Debt |
233.8 |
242.5 |
268.1 |
166.3 |
82.2 |
|
Total Long Term Debt |
233.8 |
242.5 |
268.1 |
166.3 |
82.2 |
|
Total Debt |
417.5 |
370.9 |
459.4 |
264.9 |
249.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
- |
- |
33.5 |
18.7 |
48.1 |
|
Deferred Income Tax |
- |
- |
33.5 |
18.7 |
48.1 |
|
Minority Interest |
0.0 |
0.0 |
- |
1.6 |
1.9 |
|
Reserves |
- |
- |
- |
0.2 |
0.0 |
|
Pension Benefits - Underfunded |
18.8 |
11.1 |
10.5 |
8.3 |
8.2 |
|
Other Long Term Liabilities |
119.3 |
127.4 |
33.5 |
33.5 |
4.1 |
|
Other Liabilities, Total |
138.1 |
138.6 |
44.0 |
42.0 |
12.3 |
|
Total Liabilities |
815.5 |
709.4 |
743.4 |
501.9 |
487.8 |
|
|
|
|
|
|
|
|
Common Stock |
56.4 |
46.6 |
31.4 |
30.6 |
28.3 |
|
Common Stock |
56.4 |
46.6 |
31.4 |
30.6 |
28.3 |
|
Additional Paid-In Capital |
414.9 |
313.6 |
80.6 |
82.5 |
76.2 |
|
Retained Earnings (Accumulated Deficit) |
-108.1 |
146.5 |
388.4 |
196.7 |
350.7 |
|
Unrealized Gain (Loss) |
- |
- |
- |
53.0 |
18.3 |
|
Translation Adjustment |
- |
- |
- |
2.4 |
2.8 |
|
Other Equity |
- |
-29.6 |
-8.0 |
12.8 |
9.9 |
|
Other Comprehensive Income |
8.6 |
-7.1 |
29.9 |
- |
- |
|
Other Equity, Total |
8.6 |
-36.7 |
21.9 |
15.2 |
12.8 |
|
Total Equity |
371.9 |
470.0 |
522.3 |
378.1 |
486.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,187.3 |
1,179.4 |
1,265.7 |
880.0 |
974.2 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
12.0 |
10.8 |
7.7 |
7.7 |
7.7 |
|
Total Common Shares Outstanding |
12.0 |
10.8 |
7.7 |
7.7 |
7.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Employees |
- |
1,213 |
1,179 |
1,184 |
1,186 |
|
Number of Common Shareholders |
- |
- |
6,581 |
8,177 |
7,636 |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
- |
0.1 |
0.5 |
|
Deferred Revenue - Current |
5.3 |
4.2 |
2.4 |
34.3 |
9.1 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
234.6 |
136.0 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
- |
68.0 |
53.8 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
93.4 |
39.7 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
73.0 |
42.4 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
0.0 |
0.0 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
0.0 |
0.0 |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
- |
166.5 |
82.1 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
- |
0.0 |
0.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
- |
0.1 |
0.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
- |
-235.8 |
164.8 |
-164.0 |
27.1 |
|
Depreciation |
- |
6.1 |
5.2 |
5.1 |
3.8 |
|
Depreciation/Depletion |
- |
6.1 |
5.2 |
5.1 |
3.8 |
|
Amortization of Intangibles |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxes |
- |
- |
- |
-40.6 |
-40.9 |
|
Unusual Items |
- |
163.9 |
18.2 |
75.2 |
34.7 |
|
Purchased R&D |
- |
- |
0.0 |
- |
- |
|
Equity in Net Earnings (Loss) |
- |
113.8 |
-118.9 |
147.8 |
-71.1 |
|
Other Non-Cash Items |
- |
-4.0 |
0.7 |
9.1 |
33.8 |
|
Non-Cash Items |
- |
273.6 |
-100.0 |
232.1 |
-2.5 |
|
Accounts Receivable |
- |
-17.8 |
-13.4 |
-15.7 |
-28.6 |
|
Inventories |
- |
-1.8 |
-2.0 |
2.3 |
-15.7 |
|
Prepaid Expenses |
- |
- |
- |
1.5 |
-3.6 |
|
Other Assets |
- |
-26.2 |
0.6 |
0.8 |
-0.8 |
|
Accounts Payable |
- |
-12.9 |
13.3 |
-30.0 |
71.6 |
|
Accrued Expenses |
- |
- |
- |
0.1 |
-2.6 |
|
Taxes Payable |
- |
- |
- |
-9.9 |
8.1 |
|
Other Liabilities |
- |
-18.6 |
-11.5 |
16.0 |
-13.1 |
|
Other Operating Cash Flow |
88.2 |
-8.6 |
-10.3 |
11.5 |
12.2 |
|
Changes in Working Capital |
88.2 |
-85.9 |
-23.4 |
-23.6 |
27.5 |
|
Cash from Operating Activities |
88.2 |
-42.0 |
46.7 |
9.1 |
15.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-3.5 |
-4.2 |
-4.5 |
-47.8 |
-18.1 |
|
Purchase/Acquisition of Intangibles |
- |
- |
- |
- |
-0.4 |
|
Capital Expenditures |
-3.5 |
-4.2 |
-4.5 |
-47.8 |
-18.5 |
|
Sale of Fixed Assets |
17.7 |
0.3 |
0.0 |
0.1 |
0.0 |
|
Sale/Maturity of Investment |
52.7 |
1.8 |
1.0 |
3.3 |
1.2 |
|
Purchase of Investments |
-80.0 |
-72.9 |
-101.8 |
-7.7 |
-83.3 |
|
Other Investing Cash Flow |
-75.2 |
-72.4 |
-23.5 |
3.9 |
49.7 |
|
Other Investing Cash Flow Items, Total |
-84.9 |
-143.2 |
-124.2 |
-0.4 |
-32.4 |
|
Cash from Investing Activities |
-88.4 |
-147.4 |
-128.7 |
-48.3 |
-50.9 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-106.5 |
-90.3 |
-68.5 |
-53.1 |
0.0 |
|
Financing Cash Flow Items |
-106.5 |
-90.3 |
-68.5 |
-53.1 |
0.0 |
|
Cash Dividends Paid - Common |
-4.6 |
-5.1 |
-4.9 |
-2.8 |
-5.2 |
|
Total Cash Dividends Paid |
-4.6 |
-5.1 |
-4.9 |
-2.8 |
-5.2 |
|
Sale/Issuance of
Common |
109.5 |
259.8 |
- |
- |
- |
|
Repurchase/Retirement
of Common |
- |
-22.6 |
- |
- |
-8.3 |
|
Common Stock, Net |
109.5 |
237.2 |
- |
- |
-8.3 |
|
Issuance (Retirement) of Stock, Net |
109.5 |
237.2 |
- |
- |
-8.3 |
|
Short Term Debt Issued |
- |
- |
- |
115.8 |
145.5 |
|
Short Term Debt
Reduction |
- |
- |
- |
-199.9 |
-63.6 |
|
Short Term Debt, Net |
- |
- |
- |
-84.1 |
81.9 |
|
Long Term Debt Issued |
132.6 |
89.9 |
189.6 |
132.4 |
3.1 |
|
Long Term Debt
Reduction |
- |
- |
- |
- |
0.0 |
|
Long Term Debt, Net |
132.6 |
89.9 |
189.6 |
132.4 |
3.1 |
|
Total Debt Issued |
8.0 |
19.8 |
215.5 |
- |
- |
|
Total Debt Reduction |
-18.6 |
-104.9 |
-154.0 |
- |
- |
|
Issuance (Retirement) of Debt, Net |
122.0 |
4.8 |
251.1 |
48.3 |
85.0 |
|
Cash from Financing Activities |
120.4 |
146.6 |
177.7 |
-7.6 |
71.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
-0.1 |
-0.3 |
2.6 |
|
Net Change in Cash |
120.2 |
-42.8 |
95.6 |
-47.1 |
38.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
110.5 |
155.2 |
53.1 |
98.5 |
76.0 |
|
Net Cash - Ending Balance |
230.7 |
112.4 |
148.7 |
51.4 |
114.2 |
|
Cash Interest Paid |
20.6 |
22.1 |
19.6 |
- |
- |
|
Cash Taxes Paid |
1.6 |
7.2 |
6.6 |
- |
- |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
812.5 |
793.6 |
722.5 |
- |
- |
|
Domestic Sales |
- |
- |
- |
565.3 |
529.2 |
|
Export Sales |
- |
- |
- |
80.0 |
90.2 |
|
Total Revenue |
812.5 |
793.6 |
722.5 |
645.3 |
619.5 |
|
|
|
|
|
|
|
|
Cost-Finished Goods Sold |
- |
- |
- |
568.8 |
552.0 |
|
Recovery-Tariffs |
- |
- |
- |
1.2 |
- |
|
Salaries & Wages |
22.1 |
20.6 |
16.9 |
15.1 |
14.2 |
|
Retirement Allowance |
2.1 |
2.1 |
1.7 |
1.4 |
2.0 |
|
Employee Benefits |
1.5 |
1.4 |
1.2 |
1.2 |
1.1 |
|
Travel Expense |
1.4 |
1.1 |
1.0 |
0.8 |
1.0 |
|
Communication Exp. |
0.3 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Utility Expense |
0.2 |
0.3 |
0.2 |
0.2 |
0.1 |
|
Taxes and Dues |
1.3 |
1.1 |
0.9 |
0.9 |
0.8 |
|
Rent |
1.1 |
0.3 |
0.3 |
0.5 |
0.5 |
|
Amort Indus. Patent |
- |
- |
- |
- |
0.0 |
|
Depreciation Expense |
1.9 |
2.0 |
1.8 |
1.6 |
1.0 |
|
Repair Expense |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Insurance Expenses |
2.3 |
2.3 |
1.9 |
2.1 |
1.8 |
|
Entertainment Expense |
0.7 |
0.9 |
1.0 |
1.0 |
1.0 |
|
Commission Paid |
11.3 |
6.5 |
5.8 |
5.9 |
5.3 |
|
Testing Expense |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Shipping & Storage Expense |
0.1 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Advertising Expense |
1.1 |
1.1 |
2.1 |
1.0 |
1.0 |
|
Consumable Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Office Supplies Expense |
0.0 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Publishing & Printing Expense |
0.3 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Education & Training Expense |
0.5 |
0.4 |
0.3 |
0.2 |
0.3 |
|
Vehicles Maintenance Expense |
0.5 |
0.5 |
0.4 |
0.4 |
0.4 |
|
Athletic Promotion Expense |
0.5 |
0.5 |
0.4 |
0.3 |
0.3 |
|
Computing Expense |
4.2 |
3.8 |
3.1 |
2.5 |
1.5 |
|
Amort. of Bad Debts |
6.0 |
1.7 |
5.8 |
4.6 |
4.2 |
|
Amort Intang |
- |
- |
- |
0.0 |
- |
|
Research & Develop. |
- |
- |
- |
6.2 |
5.0 |
|
Costs of Goods & Services Sold |
701.5 |
714.6 |
629.5 |
- |
- |
|
Development Costs |
7.8 |
7.4 |
6.9 |
- |
- |
|
Adj. for Other Selling & Admin. Expense |
- |
0.0 |
0.0 |
- |
- |
|
Gain on Foreign Currency Transaction |
- |
- |
-4.1 |
- |
- |
|
Gain on Foreign Currency Translation |
- |
- |
-0.1 |
- |
- |
|
Rental Income |
- |
- |
-0.3 |
- |
- |
|
Gain on Disposal of Invmt Assets |
- |
- |
0.0 |
- |
- |
|
Reversal of Allow. for DA |
- |
- |
-0.1 |
- |
- |
|
Gain-Disposal of FA Avail. for Sale |
- |
- |
-0.1 |
- |
- |
|
Gain on Disposal of PPT |
- |
- |
0.0 |
- |
- |
|
Other Operating Income |
- |
- |
-7.6 |
- |
- |
|
Adj. for Other Operating Income |
- |
- |
- |
- |
- |
|
Loss on Foreign Currency Transaction |
- |
- |
3.6 |
- |
- |
|
Loss on Foreign Currency Translation |
- |
- |
0.3 |
- |
- |
|
Donations Paid |
- |
- |
0.1 |
- |
- |
|
Loss on Disposal of Invmt Assets |
- |
- |
0.0 |
- |
- |
|
Loss on Disposal of PPT |
- |
- |
0.0 |
- |
- |
|
Amortization of Investment Properties |
- |
- |
0.0 |
- |
- |
|
Other Operating Expense |
- |
- |
0.3 |
- |
- |
|
Adj. for Other Operating Expense |
- |
- |
0.0 |
- |
- |
|
Total Operating Expense |
768.8 |
769.4 |
674.4 |
616.8 |
594.6 |
|
|
|
|
|
|
|
|
Interest Income |
9.9 |
8.2 |
4.2 |
3.0 |
4.1 |
|
Dividend Income |
0.2 |
0.2 |
0.4 |
0.3 |
0.2 |
|
Rental Income |
- |
- |
- |
0.2 |
0.1 |
|
Rental Expense |
0.5 |
0.3 |
- |
- |
- |
|
Gain Disposal Assets |
- |
- |
- |
0.0 |
0.0 |
|
Gain Disp Inv Asset |
- |
0.0 |
- |
- |
0.0 |
|
Gain on Disposal of PPE |
2.2 |
0.1 |
- |
- |
- |
|
Gain-Disposal of F.A. Avail. for Sale |
- |
0.0 |
- |
- |
- |
|
Gain-Derivative Transaction |
0.4 |
0.5 |
- |
- |
- |
|
Gain-Valt of Derivatives |
12.3 |
0.2 |
74.8 |
- |
8.7 |
|
Gain-Foreign Exchange Transaction |
2.0 |
4.5 |
- |
6.2 |
5.0 |
|
Gain-Foreign Currency Translation |
0.1 |
0.6 |
- |
0.8 |
0.5 |
|
Miscellaneous Non-Operating Income |
- |
- |
- |
0.8 |
0.9 |
|
Interest Expenses |
-25.0 |
-24.9 |
-22.7 |
-15.9 |
-12.0 |
|
Disp of Inv. Assets |
-0.1 |
-0.4 |
- |
0.0 |
-0.4 |
|
Depreciation for Invmt Property |
0.0 |
0.0 |
- |
- |
- |
|
L-Investment Asset Valuation |
- |
- |
- |
- |
0.0 |
|
Loss Disp Tang. Ast |
-2.1 |
0.0 |
- |
0.0 |
-0.1 |
|
Loss-Disposal of Intangible Assets |
- |
- |
- |
- |
0.0 |
|
Loss-Disposal of F.A. Avail. for Sale |
-0.2 |
0.0 |
- |
- |
- |
|
Loss-Foreign Exchange Transaction |
-3.8 |
-4.2 |
- |
-4.5 |
-8.0 |
|
Loss-Foreign Currency Translation |
-0.4 |
-0.3 |
- |
-0.2 |
-9.5 |
|
Impmt Loss-Fincl Instrm Avail. for Sale |
-10.7 |
- |
- |
- |
- |
|
Amortization of Other Bad Debts |
- |
- |
- |
-0.1 |
-0.1 |
|
Loss-Valt of Derivatives |
-50.5 |
-163.6 |
-24.7 |
-65.8 |
-27.8 |
|
Loss-Derivative Transaction |
-27.6 |
-24.3 |
-4.7 |
-4.2 |
-34.2 |
|
Miscellaneous Non-Operating Expense |
- |
- |
- |
-0.9 |
-18.5 |
|
Donations Paid |
-0.1 |
0.0 |
- |
0.0 |
0.0 |
|
L-Inventory Valuation |
- |
- |
- |
- |
0.0 |
|
Gain-Disposal of Equity Method Sec. |
- |
- |
7.4 |
- |
- |
|
Gain-Sale of Invmt in Afflt&Associates |
4.7 |
- |
- |
- |
- |
|
Invmt in Afflt&Associates, Equity Method |
2.2 |
- |
- |
- |
- |
|
Gain under Equity Method |
- |
- |
118.9 |
- |
71.1 |
|
Loss under Equity Method |
-211.6 |
-113.8 |
- |
-147.8 |
- |
|
Adj. for Finance Income |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Finance Expense |
0.0 |
- |
0.0 |
- |
- |
|
Adj. for Other Non-Operating Income |
- |
0.0 |
- |
- |
- |
|
Adj. for Other Non-Operating Expense |
0.0 |
- |
- |
- |
- |
|
Others in Other Income |
1.5 |
1.2 |
- |
- |
- |
|
Others in Other Expense |
-0.1 |
0.0 |
- |
- |
- |
|
Rec. of Allow. for DA |
- |
0.1 |
- |
- |
- |
|
Other Allow. for DA |
- |
-0.1 |
- |
- |
- |
|
Net Income Before Taxes |
-252.5 |
-291.8 |
201.6 |
-199.7 |
5.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
-12.0 |
-55.9 |
36.8 |
-35.7 |
-22.1 |
|
Net Income After Taxes |
-240.5 |
-235.8 |
164.8 |
-164.0 |
27.1 |
|
|
|
|
|
|
|
|
Gain Minority Int. |
- |
- |
- |
0.2 |
0.0 |
|
Net Income Before Extra. Items |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
Net Income |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
10.9 |
10.5 |
7.7 |
7.7 |
7.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
-22.10 |
-22.44 |
21.39 |
-21.25 |
3.48 |
|
Basic EPS Including ExtraOrdinary Item |
-22.10 |
-22.44 |
21.39 |
-21.25 |
3.48 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-240.5 |
-235.8 |
164.8 |
-163.8 |
27.1 |
|
Diluted Weighted Average Shares |
10.9 |
10.5 |
7.7 |
7.7 |
7.8 |
|
Diluted EPS Excluding ExtraOrd Items |
-22.10 |
-22.44 |
21.39 |
-21.25 |
3.48 |
|
Diluted EPS Including ExtraOrd Items |
-22.10 |
-22.44 |
21.39 |
-21.25 |
3.48 |
|
DPS-Common Stock |
0.00 |
0.44 |
0.63 |
0.57 |
0.41 |
|
Gross Dividends - Common Stock |
0.0 |
4.7 |
4.9 |
4.4 |
3.2 |
|
Normalized Income Before Taxes |
-252.6 |
-291.8 |
201.7 |
-199.7 |
5.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
-12.0 |
-56.0 |
36.8 |
-35.7 |
-22.1 |
|
Normalized Income After Taxes |
-240.6 |
-235.9 |
164.9 |
-164.0 |
27.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-240.6 |
-235.9 |
164.9 |
-163.8 |
27.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-22.11 |
-22.44 |
21.39 |
-21.26 |
3.48 |
|
Diluted Normalized EPS |
-22.11 |
-22.44 |
21.39 |
-21.26 |
3.48 |
|
R&D Expense, Supplemental |
7.8 |
7.4 |
6.9 |
6.2 |
5.0 |
|
Advertising Expense, Supplemental |
1.1 |
1.1 |
2.1 |
1.0 |
1.0 |
|
Rental Expense, Supplemental |
1.1 |
0.3 |
0.3 |
0.5 |
0.5 |
|
Interest Expense, Supplemental |
25.0 |
24.9 |
22.7 |
15.9 |
12.0 |
|
Depreciation, Supplemental |
6.0 |
6.1 |
5.2 |
5.1 |
3.8 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate |
1066.400024 |
1152 |
1134.9 |
1164.475 |
1259.55 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Equivalents |
243.8 |
108.1 |
151.5 |
56.3 |
99.8 |
|
Current Fincl Instrm |
- |
28.6 |
0.1 |
0.2 |
3.3 |
|
Trade Receivable, Net |
151.8 |
162.0 |
156.0 |
- |
- |
|
Trade Rcvbls,G |
- |
- |
- |
223.5 |
194.7 |
|
Allw-Doubtful Ac |
- |
- |
- |
-9.5 |
-6.0 |
|
Other Receivables |
3.3 |
3.5 |
1.4 |
1.3 |
0.8 |
|
Advance Payments |
- |
- |
- |
5.9 |
7.8 |
|
Prepaid Expenses |
- |
- |
- |
0.5 |
0.7 |
|
Deferred Taxes |
- |
- |
- |
4.1 |
2.5 |
|
Prepaid VAT |
- |
- |
- |
1.6 |
2.8 |
|
Security Deposit, Current |
- |
- |
- |
0.1 |
0.0 |
|
Current Derivative Assets |
0.2 |
12.0 |
39.5 |
- |
- |
|
Accrued Income |
- |
- |
- |
0.2 |
1.0 |
|
Raw Materials |
- |
- |
- |
7.3 |
7.7 |
|
Miscellaneous Inventory |
- |
- |
- |
9.0 |
7.8 |
|
Supplies |
- |
- |
- |
0.2 |
0.1 |
|
Goods in Transit |
- |
- |
- |
0.7 |
0.8 |
|
Current Sec. Held-to-Maturities |
0.3 |
0.1 |
- |
- |
- |
|
Unbilled Constructions |
82.1 |
102.7 |
97.1 |
- |
- |
|
Inventories |
9.2 |
10.0 |
8.8 |
- |
- |
|
Other Fincl Instrm |
50.7 |
60.6 |
15.7 |
- |
- |
|
Other Current Assets |
13.2 |
8.0 |
3.0 |
- |
- |
|
Current Tax Assets |
3.3 |
1.5 |
- |
- |
- |
|
Total Current Assets |
557.8 |
497.1 |
473.2 |
301.4 |
323.9 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
LT Invest Secs. |
- |
- |
- |
21.9 |
17.6 |
|
Inv Real Estate |
13.8 |
35.4 |
36.5 |
1.5 |
1.4 |
|
Inv. Secs. Under Equity Method |
- |
- |
- |
388.2 |
473.7 |
|
Guarantee Dep. |
- |
- |
- |
24.4 |
22.6 |
|
LT Loans |
- |
- |
- |
0.2 |
0.1 |
|
LT Prepaid Expen |
- |
- |
- |
0.2 |
0.1 |
|
Advance for Tech |
- |
- |
- |
0.0 |
0.1 |
|
Non-Current Derivatives Assets |
10.7 |
3.6 |
19.5 |
9.7 |
54.8 |
|
LA Deferred Tax |
42.7 |
31.9 |
- |
- |
- |
|
Land |
- |
38.2 |
38.8 |
62.8 |
32.4 |
|
Buildings |
- |
30.0 |
29.8 |
39.1 |
26.5 |
|
Buildings-Depreciation |
- |
-9.6 |
-8.8 |
-10.1 |
-8.1 |
|
Structures |
- |
21.6 |
21.2 |
20.3 |
4.2 |
|
Structures-Depreciation |
- |
-3.9 |
-3.3 |
-2.5 |
-1.8 |
|
Machinery/Equip. |
- |
20.1 |
20.1 |
21.7 |
18.2 |
|
Mach/Equip Depre |
- |
-16.1 |
-15.3 |
-15.6 |
-14.2 |
|
Transport Equip. |
- |
2.1 |
1.9 |
1.8 |
1.5 |
|
Transport Deprec |
- |
-1.1 |
-1.2 |
-1.0 |
-0.8 |
|
Other Tangibles |
- |
22.9 |
21.7 |
18.6 |
14.8 |
|
Deprec.-Other |
- |
-12.9 |
-10.3 |
-8.9 |
-6.4 |
|
Construction in Progress |
- |
0.2 |
0.1 |
3.5 |
10.5 |
|
Indust.-Patent |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Intangible |
- |
- |
- |
0.3 |
0.4 |
|
Other Invmt Assets |
- |
- |
- |
2.9 |
2.8 |
|
Non-Current Securities Available-for-Sal |
21.4 |
17.9 |
19.8 |
- |
- |
|
Non-Current Securities Held-to-Maturitie |
3.1 |
3.1 |
3.1 |
- |
- |
|
Invmt in Affiliates & JV |
355.4 |
443.3 |
583.4 |
- |
- |
|
Adj. for Intangibless |
- |
0.0 |
0.0 |
- |
- |
|
Intangibless |
4.2 |
3.9 |
3.2 |
- |
- |
|
Other Non-Current Fincl Instrm |
86.2 |
30.5 |
27.8 |
- |
- |
|
Other Non-Current Assets |
14.3 |
21.3 |
4.4 |
- |
- |
|
Adj. for Property, Plant & Equipment |
- |
0.0 |
0.0 |
- |
- |
|
Property, Plant & Equipment, Net |
77.6 |
- |
- |
- |
- |
|
Total Assets |
1,187.3 |
1,179.4 |
1,265.7 |
880.0 |
974.2 |
|
|
|
|
|
|
|
|
Trade Acct. Pay. |
91.3 |
98.6 |
111.3 |
102.5 |
118.3 |
|
Accounts Payable |
31.6 |
25.1 |
26.4 |
21.5 |
27.9 |
|
Other Current Fincl Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inc. Taxes Pay. |
- |
- |
6.0 |
1.6 |
11.6 |
|
Accrued Expenses |
- |
- |
- |
1.5 |
1.3 |
|
Customer Advance |
5.3 |
4.2 |
2.4 |
34.3 |
9.1 |
|
Deposit Withheld |
- |
- |
- |
0.9 |
0.4 |
|
Current Portion of Bonds |
- |
- |
- |
68.0 |
53.8 |
|
ST Borrowings |
- |
- |
- |
30.7 |
113.6 |
|
Current Port LTD |
- |
- |
- |
0.0 |
0.0 |
|
Construct L Res. |
- |
- |
- |
3.0 |
2.9 |
|
CL Error Adj.Prv |
- |
- |
- |
8.7 |
3.0 |
|
Current Derivatives Liabilities |
60.6 |
20.5 |
0.2 |
0.7 |
1.5 |
|
Current Borrowings & Bonds |
183.7 |
128.3 |
191.4 |
- |
- |
|
Overbilled Constructions |
55.5 |
40.0 |
47.9 |
- |
- |
|
Resv for Current Liabilities |
9.3 |
7.5 |
8.5 |
- |
- |
|
Other Current Liabilities |
6.2 |
4.1 |
3.6 |
- |
- |
|
Total Current Liabilities |
443.5 |
328.3 |
397.7 |
273.3 |
343.3 |
|
|
|
|
|
|
|
|
Bonds |
- |
- |
- |
154.3 |
79.4 |
|
LT Borrowings |
- |
- |
- |
12.0 |
2.8 |
|
Non-Current Borrowings & Bonds |
233.8 |
242.5 |
268.1 |
- |
- |
|
Total Long Term Debt |
233.8 |
242.5 |
268.1 |
166.3 |
82.2 |
|
|
|
|
|
|
|
|
Other Non-Current Payable |
0.3 |
1.6 |
1.7 |
0.4 |
0.4 |
|
Non-Current Derivatives Liabilities |
119.0 |
125.9 |
31.9 |
33.0 |
3.6 |
|
LL Defer Tax Crd |
- |
- |
33.5 |
18.7 |
48.1 |
|
Retire Reserve |
15.2 |
7.9 |
7.1 |
29.7 |
8.2 |
|
Reserve-Defective Guarantee |
- |
- |
- |
0.2 |
0.0 |
|
Minority Int. |
0.0 |
0.0 |
- |
1.6 |
1.9 |
|
Plan Assets |
- |
- |
- |
-21.2 |
- |
|
Transfer to National Pension Fund |
- |
- |
- |
-0.1 |
- |
|
LT Employee Benefits Liabilities |
3.5 |
3.2 |
3.4 |
- |
- |
|
Total Liabilities |
815.5 |
709.4 |
743.4 |
501.9 |
487.8 |
|
|
|
|
|
|
|
|
Capital Stock |
56.4 |
46.6 |
31.4 |
30.6 |
28.3 |
|
Retained Earning Carried Forward |
- |
- |
- |
145.8 |
301.0 |
|
Revaluation Adjustment |
- |
- |
- |
16.7 |
15.5 |
|
Paid-in Capital in Excess of Par |
- |
- |
- |
54.6 |
50.4 |
|
Other Capital Surplus |
- |
- |
- |
24.2 |
22.4 |
|
Resv for Assets ReValt |
- |
- |
- |
3.7 |
3.4 |
|
Legal Reserve |
- |
- |
- |
9.6 |
8.6 |
|
Voluntary Reserve |
- |
- |
- |
41.3 |
41.1 |
|
Other Consolidated Capital |
- |
-29.6 |
-8.0 |
-7.8 |
-7.2 |
|
LT Investment Sec Val |
- |
- |
- |
4.5 |
3.5 |
|
Loss on Valuation of Derivative Asset |
- |
- |
- |
-0.6 |
-1.8 |
|
Unreal Loss Sec |
- |
- |
- |
-7.1 |
-6.0 |
|
Capital Change, Equity Method |
- |
- |
- |
60.1 |
24.4 |
|
Overseas Business Translation Credit |
- |
- |
- |
2.4 |
2.8 |
|
Consolidated Capital Surplus |
414.9 |
313.6 |
80.6 |
- |
- |
|
Accumulated Other Comprehensive Income |
8.6 |
-7.1 |
29.9 |
- |
- |
|
Consolidated Retained Earnings |
-108.1 |
146.5 |
388.4 |
- |
- |
|
Total Equity |
371.9 |
470.0 |
522.3 |
378.1 |
486.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,187.3 |
1,179.4 |
1,265.7 |
880.0 |
974.2 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
12.0 |
10.8 |
7.7 |
7.7 |
7.7 |
|
Total Common Shares Outstanding |
12.0 |
10.8 |
7.7 |
7.7 |
7.7 |
|
T/S-Common Stock |
0.0 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue, Current |
5.3 |
4.2 |
2.4 |
34.3 |
9.1 |
|
Accumulated Amort of Intangible Assets |
- |
- |
- |
0.1 |
0.5 |
|
Full-Time Employees |
- |
1,213 |
1,179 |
1,184 |
1,186 |
|
Number of Common Shareholders |
- |
- |
6,581 |
8,177 |
7,636 |
|
Long-Term Debts Due in 1 Year |
- |
- |
- |
68.0 |
53.8 |
|
Long-Term Debts Due in 2 Years |
- |
- |
- |
93.4 |
39.7 |
|
Long-Term Debts Due in 3 Years |
- |
- |
- |
73.0 |
42.4 |
|
Long-Term Debts Due in 4 Years |
- |
- |
- |
0.0 |
0.0 |
|
Long-Term Debts Due in 5 Years |
- |
- |
- |
0.0 |
0.0 |
|
Long-Term Debts Due Remaining |
- |
- |
- |
0.1 |
0.1 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
234.6 |
136.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified with
Explanation |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
- |
-235.8 |
164.8 |
-164.0 |
27.1 |
|
Depreciation |
- |
6.1 |
5.2 |
5.1 |
3.8 |
|
Amort. Intangible |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amort-Bad Debt Expenses |
- |
1.7 |
5.8 |
4.6 |
4.2 |
|
Retirement Allowance |
- |
5.6 |
4.6 |
4.5 |
6.6 |
|
Amort Prep. Tech Exp |
- |
- |
- |
0.0 |
0.1 |
|
Amort Defer Charge |
- |
- |
- |
0.1 |
0.1 |
|
Translation Loss |
- |
- |
- |
0.2 |
9.5 |
|
Accrued Interest Expense |
- |
- |
- |
0.1 |
0.0 |
|
Loss-Disposal Inv Secs. |
- |
- |
- |
65.8 |
27.8 |
|
L-Investment Asset Valuation |
- |
- |
- |
- |
0.0 |
|
Reserve Constursction Defective |
- |
- |
- |
2.4 |
3.1 |
|
Reserve-Defective Item |
- |
- |
- |
6.9 |
3.3 |
|
Loss on Disp. of Inv |
- |
0.4 |
0.0 |
0.0 |
0.4 |
|
Disp Tang Asst Loss |
- |
0.0 |
0.0 |
0.0 |
0.1 |
|
Loss-Disposal of Intangible Assets |
- |
- |
- |
- |
0.0 |
|
Loss on Revaulation of Land |
- |
- |
- |
- |
0.0 |
|
Loss-Derivative Transaction |
- |
24.3 |
4.7 |
2.9 |
24.4 |
|
Loss under Equity Method |
- |
113.8 |
- |
147.8 |
- |
|
Loss-Derivative Valuation |
- |
163.6 |
24.7 |
- |
- |
|
Miscellaneous Loss |
- |
- |
- |
0.0 |
- |
|
Interest Income |
- |
-8.2 |
-4.2 |
0.0 |
-0.1 |
|
Gain Disp of Inv Ast |
- |
0.0 |
0.0 |
- |
0.0 |
|
Gain under Equity Method |
- |
- |
-118.9 |
- |
-71.1 |
|
Gain-Equity Investment Sec. Disposal |
- |
- |
-7.4 |
- |
- |
|
Gain Disp Tang. Ast |
- |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Rec.-Construction Loss Reserve |
- |
- |
- |
-2.5 |
-1.6 |
|
Translation Gain |
- |
- |
- |
-0.8 |
-0.5 |
|
Recovery-Provision Doubtful Account |
- |
-0.1 |
-0.1 |
- |
- |
|
Gain-Derivative Valuation |
- |
-0.2 |
-74.8 |
- |
-8.7 |
|
Gain-Derivative Transaction |
- |
-0.5 |
- |
- |
- |
|
Inventory |
- |
-1.8 |
-2.0 |
-0.1 |
-8.8 |
|
Trade Receivables |
- |
-9.0 |
-1.1 |
-14.9 |
-28.9 |
|
Accrued Income |
- |
- |
- |
0.8 |
-0.8 |
|
Account Receivables |
- |
-1.6 |
-0.3 |
-0.2 |
0.0 |
|
Prepaid Expenses |
- |
- |
- |
0.3 |
-0.2 |
|
Prepaid Value Added Taxes |
- |
- |
- |
1.3 |
-3.2 |
|
LT Prepaid Exp |
- |
- |
- |
-0.1 |
-0.1 |
|
LT Trade Rcvbls |
- |
- |
- |
-0.7 |
0.2 |
|
Deferred Taxes-Asset |
- |
- |
- |
-1.3 |
-1.0 |
|
Advanced Payment |
- |
- |
- |
2.4 |
-6.9 |
|
Trade Payables |
- |
-11.6 |
11.9 |
-22.2 |
56.8 |
|
Account Payables |
- |
-1.3 |
1.4 |
-7.9 |
14.7 |
|
Accrued Expenses |
- |
- |
- |
0.1 |
-0.5 |
|
Accrued Income Taxes |
- |
- |
- |
-9.9 |
8.1 |
|
Advances Received |
- |
- |
- |
22.5 |
-3.4 |
|
Deposits Withheld |
- |
- |
- |
0.4 |
-0.5 |
|
Security Deposits Withheld |
- |
- |
- |
0.0 |
0.0 |
|
VAT Withheld |
- |
- |
- |
- |
-2.2 |
|
Reserve-Defective Item |
- |
- |
- |
-1.9 |
-3.8 |
|
Retirement Pension Operating Fund |
- |
-5.7 |
-2.5 |
-3.4 |
-18.4 |
|
Deferred Taxes-Liability |
- |
- |
- |
-39.3 |
-39.9 |
|
Dividend Income, A/L |
- |
- |
- |
11.5 |
12.2 |
|
National Pension |
- |
- |
- |
0.0 |
0.1 |
|
Pymt of Retire Allow |
- |
-2.7 |
-1.1 |
-1.6 |
-3.9 |
|
Retirement Insurance Deposits |
- |
- |
- |
- |
17.0 |
|
Cash-Interest Received |
7.6 |
5.3 |
2.5 |
- |
- |
|
Cash-Interest Paid |
-20.6 |
-22.1 |
-19.6 |
- |
- |
|
Cash-Dividend Income |
0.4 |
15.4 |
13.4 |
- |
- |
|
Cash-Tax Paid |
-1.6 |
-7.2 |
-6.6 |
- |
- |
|
Salaries |
- |
0.3 |
0.7 |
- |
- |
|
Expenses of Allow. for Other DA |
- |
0.1 |
- |
- |
- |
|
Losses on Foreign Currency Translation |
- |
0.3 |
0.3 |
- |
- |
|
Depreciation of Real Estate |
- |
0.3 |
0.3 |
- |
- |
|
Defect Repair Expense |
- |
3.7 |
4.3 |
- |
- |
|
Interest Expenses |
- |
24.9 |
22.7 |
- |
- |
|
Amort. of Prepaid Technology Expense |
- |
- |
0.0 |
- |
- |
|
Loss on Disposal of Financial Assets Ava |
- |
0.0 |
- |
- |
- |
|
Losses on Valt of Inventories |
- |
0.4 |
0.9 |
- |
- |
|
Corporate Taxes Expense |
- |
-55.9 |
36.8 |
- |
- |
|
Gains on Foreign Currency Translation |
- |
-0.6 |
-0.1 |
- |
- |
|
Dividend Income |
- |
-0.2 |
-0.4 |
- |
- |
|
Other Cash Flow from Operating Activity |
- |
0.0 |
-0.1 |
- |
- |
|
Unbilled Constructions |
- |
-7.2 |
-12.0 |
- |
- |
|
Other Current Assets |
- |
-7.9 |
2.7 |
- |
- |
|
Other Non-Current Assets |
- |
-18.3 |
-2.1 |
- |
- |
|
Advance from Customers |
- |
1.9 |
0.3 |
- |
- |
|
Overbilled Constructions |
- |
-7.4 |
-4.8 |
- |
- |
|
Other Current Liabilities |
- |
0.5 |
2.7 |
- |
- |
|
Prov.s |
- |
-4.6 |
-5.7 |
- |
- |
|
LT Employees Benefits Liabilities |
- |
-0.5 |
-0.4 |
- |
- |
|
Adj. for Cash Flow from Operations |
- |
0.0 |
0.0 |
- |
- |
|
Cash Flow from Operating Activities |
102.5 |
- |
- |
- |
- |
|
Cash from Operating Activities |
88.2 |
-42.0 |
46.7 |
9.1 |
15.0 |
|
|
|
|
|
|
|
|
Dec-ST Financial Assets |
0.1 |
0.1 |
0.2 |
3.2 |
1.0 |
|
Sale of Current Fincl Instruments |
29.3 |
- |
- |
- |
- |
|
Decrease-Derivatives Assets |
8.0 |
0.8 |
- |
5.9 |
49.6 |
|
Decrease-Other Non-Current Assets |
- |
- |
- |
0.1 |
- |
|
Disp-Investment Real Estate |
23.3 |
0.3 |
0.1 |
0.1 |
0.2 |
|
Dec-Guarantee Dep |
27.9 |
4.8 |
3.9 |
0.0 |
0.1 |
|
Disp of Invest Secs. |
0.0 |
1.4 |
0.7 |
- |
- |
|
Disp Tangible Assets |
17.7 |
0.3 |
0.0 |
0.1 |
0.0 |
|
Inc-ST Financial Assets |
- |
-29.8 |
- |
- |
-2.7 |
|
Decrease-Derivatives in Liabilities |
-47.5 |
-24.4 |
-4.7 |
-2.1 |
- |
|
Increase in LT Loans |
-10.4 |
- |
- |
- |
- |
|
Inc in Guarant Depos |
-53.2 |
-52.8 |
-22.5 |
0.0 |
0.0 |
|
Purchase of Fincl Asset Held to Maturity |
-0.1 |
-0.1 |
-0.1 |
-1.2 |
-2.1 |
|
Purchase of Real Estate |
-0.4 |
-0.4 |
-2.7 |
- |
-0.1 |
|
Acq-Inv. Secs. Under Equity Method |
-79.1 |
-41.8 |
-98.9 |
-6.5 |
-78.4 |
|
Purchase of Sec. Available-for-Sale |
-0.4 |
-0.8 |
- |
- |
- |
|
Purchase of Non-Current Fincl Instrm |
0.0 |
- |
- |
- |
- |
|
Acq. Tangible Asset |
-3.5 |
-4.2 |
-4.5 |
-47.8 |
-18.1 |
|
Acq Intangible Asset |
- |
- |
- |
- |
-0.4 |
|
Purchase of Intangibless |
- |
-0.8 |
-0.2 |
0.0 |
- |
|
Cash from Investing Activities |
-88.4 |
-147.4 |
-128.7 |
-48.3 |
-50.9 |
|
|
|
|
|
|
|
|
Inc in ST Borrowings |
- |
- |
- |
115.8 |
145.5 |
|
Inc in LT Borrowings |
- |
- |
- |
8.1 |
3.1 |
|
Increase-Current Portion of Bond |
- |
- |
- |
22.7 |
- |
|
Increase in Bonds |
132.6 |
89.9 |
189.6 |
101.5 |
- |
|
Inc Lease Guarantee |
- |
- |
- |
0.4 |
- |
|
Disp-Treasury Stock |
36.8 |
- |
- |
- |
- |
|
Decrease in Bonds |
-106.5 |
-90.3 |
-68.5 |
-53.1 |
- |
|
Repay Curr LT Liabs |
- |
- |
- |
0.0 |
0.0 |
|
Repay ST Borrowings |
- |
- |
- |
-199.9 |
-63.6 |
|
Dec in LT Borrowings |
- |
- |
- |
- |
0.0 |
|
Acq-Treasury Stock |
- |
-22.6 |
- |
- |
-8.3 |
|
Dec-Rent Deposits |
- |
- |
- |
-0.4 |
0.0 |
|
Dividends Paid |
-4.6 |
-5.1 |
-4.9 |
-2.8 |
-5.2 |
|
Increase in Borrowings |
8.0 |
19.8 |
215.5 |
- |
- |
|
Rights Issue |
72.7 |
259.8 |
- |
- |
- |
|
Increase-Subsidiaries |
- |
0.0 |
- |
- |
- |
|
Decrease in Borrowings |
-18.6 |
-104.9 |
-154.0 |
- |
- |
|
Cash from Financing Activities |
120.4 |
146.6 |
177.7 |
-7.6 |
71.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.0 |
-0.1 |
-0.3 |
2.6 |
|
Net Change in Cash |
120.2 |
-42.8 |
95.6 |
-47.1 |
38.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
110.5 |
155.2 |
53.1 |
98.5 |
76.0 |
|
Net Cash - Ending Balance |
230.7 |
112.4 |
148.7 |
51.4 |
114.2 |
|
Cash Interest Paid |
20.6 |
22.1 |
19.6 |
- |
- |
|
Cash Taxes Paid |
1.6 |
7.2 |
6.6 |
- |
- |
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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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.