MIRA INFORM REPORT
|
Report Date : |
08.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
YOUNG POONG CORPORATION |
|
|
|
|
Registered Office : |
Young Poong Bldg., 542, Gangnamdae-Ro, Gangnam-Gu, Seoul, 135749 |
|
|
|
|
Country : |
South Korea |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.11.1949 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
manufacturer of zinc products |
|
|
|
|
No. of Employees : |
523 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
South Korea |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 is currently the
world's 12th largest economy. 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. Korea's export focused economy was hit hard by the 2008 global economic
downturn, but quickly rebounded in subsequent years, reaching 6.3% growth in 2010.
The US-South Korea Free Trade Agreement was ratified by both governments in
2011 and went into effect in March 2012. Throughout 2012 the economy
experienced sluggish growth because of market slowdowns in the United States,
China, and the Eurozone. The incoming administration in 2013, following the
December 2012 presidential election, is likely to face the challenges of
balancing heavy reliance on exports with developing domestic-oriented sectors,
such as services. 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
Young Poong Corporation
Young Poong Bldg.,
542, Gangnamdae-Ro, Gangnam-Gu
Seoul, 135749
Korea, Republic of
Tel: 82-2-5193314
Fax: 82-2-5488505
Operating Address
555, Seokpo-ri, Seokpo-myeon, Bonghwa-gun, Gyeongsangbuk-do, Korea
Synthesis
Employees: 523
Company Type: Public Parent
Corporate Family: 8
Companies
Traded:
Korea Stock Exchange: 000670
Incorporation Date:
25-Nov-1949
Auditor: Ernst & Young LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2012
Reporting Currency: South
Korean Won
Annual Sales: 1,427.3 1
Net Income: 246.2
Total Assets: 2,716.1 2
Market Value: 2,419.5 (26-Apr-2013)
Business Description
Young Poong Corporation is a Korea-based company engaged in the
manufacture of zinc products. Its products include special high grade (SHG)
zinc slab ingots, SHG jumbo ingots, zinc alloys for galvanizing and zinc die
casting, sulfuric acids, copper sulfates, silver byproducts and indiums. Its
zinc ingot products are used for hot dip galvanizing, die casting alloys,
electroplating anodes, photo engraving plates, zinc oxides, zinc plates and
sacrificial anodes. Its sulfuric acids are used for inorganic chemicals, metal
refining, steel industry, spinning and weaving, fertilizer industry, fiber
industry, paper manufacture industry and others. It also operates resting
places and engages leasing of real estates. In addition, through its
subsidiaries, the Company provides flexible printed circuit boards (FPCBs) and
electronic equipment. For the fiscal year ended 31 December 2012, Young Poong
Corporation revenues increased 15% to W1.608T. Net income increased 20% to
W277.42B. Revenues reflect PCB segment increase of 34% to W443.1B, Refining and
Smelting Segment increase of 7% to W1.054T, Other segment increase of 73% to
W67.56B, South Korea segment increase of 15% to W1.034T, Africa segment
increase from W12.41B to W39.78B, America segment increase from W215.2M to
W13.33B.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2149 - Other Basic
Non-Ferrous Metal Product Manufacturing
NACE 2002: 2745 - Other
non-ferrous metal production
NAICS 2002: 331491 -
Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding
UK SIC 2003: 2745 - Other
non-ferrous metal production
UK SIC 2007: 2445 - Other
non-ferrous metal production
US SIC 1987: 3356 - Rolling,
Drawing, and Extruding of Nonferrous Metals, Except Copper and Aluminum
Key Executives
|
Name |
Title |
|
Wu Jong Cho |
President, Co-Chief Executive Officer, Director |
|
Chan Bin Park |
Internal Auditor |
|
Yeong Gye Jeon |
Vice President |
|
Wu Jong Cho |
Chief Executive Officer |
|
Yeong Chan Lee |
Internal Auditor |
Significant Developments
|
* number of significant developments within the last 12 months
News
|
Financial
Summary
|
Stock Snapshot
|
Traded: Korea Stock Exchange: 000670 |
|||||||||||||||||||||||||
|
As of 26-Apr-2013 Financials in: KRW |
|||||||||||||||||||||||||
|
|||||||||||||||||||||||||
|
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
Young Poong Bldg., 542,
Gangnamdae-Ro, Gangnam-Gu
Seoul, 135749
Korea, Republic of
Tel: 82-2-5193314
Fax: 82-2-5488505
Quote Symbol - Exchange
000670 - Korea
Stock Exchange
Sales KRW(mil): 1,608,387.9
Assets KRW(mil): 2,896,479.0
Employees: 523
Fiscal Year End: 31-Dec-2012
Industry: Miscellaneous
Fabricated Products
Incorporation Date: 25-Nov-1949
Company Type: Public
Parent
Quoted Status: Quoted
President,
Co-Chief Executive Officer, Director:
Wu Jong Cho
Industry Codes
ANZSIC 2006 Codes:
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
1813 - Basic Inorganic Chemical Manufacturing
9539 - Other Personal Services Not Elsewhere Classified
6712 - Non-Residential Property Operators
2439 - Other Electrical Equipment Manufacturing
2429 - Other Electronic Equipment Manufacturing
NACE 2002 Codes:
2745 - Other non-ferrous metal production
7020 - Letting of own property
9305 - Other service activities not elsewhere classified
2413 - Manufacture of other inorganic basic chemicals
3162 - Manufacture of other electrical equipment not elsewhere
classified
3210 - Manufacture of electronic valves and tubes and other
electronic components
NAICS 2002 Codes:
331491 - Nonferrous Metal (except Copper and Aluminum) Rolling,
Drawing, and Extruding
334412 - Bare Printed Circuit Board Manufacturing
812990 - All Other Personal Services
531120 - Lessors of Nonresidential Buildings (except Miniwarehouses)
335999 - All Other Miscellaneous Electrical Equipment and Component
Manufacturing
325188 - All Other Basic Inorganic Chemical Manufacturing
US SIC 1987:
3356 - Rolling, Drawing, and Extruding of Nonferrous Metals,
Except Copper and Aluminum
7299 - Miscellaneous Personal Services, Not Elsewhere Classified
6512 - Operators of Nonresidential Buildings
2819 - Industrial Inorganic Chemicals, Not Elsewhere Classified
3672 - Printed Circuit Boards
3699 - Electrical Machinery, Equipment, and Supplies, Not
Elsewhere Classified
UK SIC 2003:
2745 - Other non-ferrous metal production
2413 - Manufacture of other inorganic basic chemicals
3162 - Manufacture of other electrical equipment not elsewhere
classified
9305 - Other service activities not elsewhere classified
70209 - Other letting of own property
3210 - Manufacture of electronic valves and tubes and other
electronic components
UK SIC 2007:
2445 - Other non-ferrous metal production
2013 - Manufacture of other inorganic basic chemicals
9609 - Other personal service activities 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.
2611 - Manufacture of electronic components
2790 - Manufacture of other electrical equipment
Business
Description
Young Poong
Corporation is a Korea-based company engaged in the manufacture of zinc
products. Its products include special high grade (SHG) zinc slab ingots, SHG
jumbo ingots, zinc alloys for galvanizing and zinc die casting, sulfuric acids,
copper sulfates, silver byproducts and indiums. Its zinc ingot products are
used for hot dip galvanizing, die casting alloys, electroplating anodes, photo
engraving plates, zinc oxides, zinc plates and sacrificial anodes. Its sulfuric
acids are used for inorganic chemicals, metal refining, steel industry, spinning
and weaving, fertilizer industry, fiber industry, paper manufacture industry
and others. It also operates resting places and engages leasing of real
estates. In addition, through its subsidiaries, the Company provides flexible
printed circuit boards (FPCBs) and electronic equipment. For the fiscal year
ended 31 December 2012, Young Poong Corporation revenues increased 15% to
W1.608T. Net income increased 20% to W277.42B. Revenues reflect PCB segment
increase of 34% to W443.1B, Refining and Smelting Segment increase of 7% to
W1.054T, Other segment increase of 73% to W67.56B, South Korea segment increase
of 15% to W1.034T, Africa segment increase from W12.41B to W39.78B, America
segment increase from W215.2M to W13.33B.
More Business
Descriptions
Refining, smelting and manufacture of zinc ingots and sulphuric acid
Young Poong Corp.
(Young Poong) carries out the manufacture and sale of non-ferrous metals. The
products offered by the company include special high grade (SHG) zinc slab
ingots, zinc alloys for galvanizing and zinc die casting, sulfuric acids,
copper sulfates, silver byproducts and indiums. The company's Non-Ferrous Metal
Refinery manufacture and sale non-ferrous metal products. The products of the
company are principally used in the production of steel, vehicles, home
electronics, and construction materials. The zinc ingot products of the company
are used for hot dip galvanizing, electroplating anodes, photo engraving
plates, die casting alloys, zinc oxides, zinc plates and sacrificial anodes.
Its sulfuric acids are used for steel industry, inorganic chemicals, spinning
and weaving, metal refining, fertilizer industry, paper manufacture industry,
fiber industry and others. The company has a production capacity of producing
350,000 tons of top-quality zinc ingot, 1,500 tons of copper sulfuric, 28,000
tons of silver byproduct, 600,000 tons of sulfuric acid and 30 tons of indium a
year. The company also has Zinc Fumer, through which it process and recovers
valuable metals such as zinc, lead, silver and copper from zinc residue. The
waste produced through this operation in the form of clean slag is recycled
into construction materials or cement resources. This process also helps in
minimizing environmental contamination.The company also produce Rechargeable
recyclable batteries. It's batteries are produced from its Ansung, Gyunggido
manufacturing company. The company has been manufactures alkaline batteries and
markets its rechargeable batteries under the brand called Alcava. For this
operation the company uses OEM process.The company carries out its research and
development in various areas through five divisions Development Research Team
(DRT), Sulfuric Acid Process Research Team (SAPRT), TSL Process Research Team
(SL process), Zinc Process Research Team (ZPRT) and Experiment Research Team.
The DRT focuses on collecting and analyzing technology-related information and
materials that are required for planning new projects and developing new
products. The SAPRT examines and supplements the existing sulfur factory's
facilities. The ZPRT carries out research for process simplification and
production increasement through zinc smelting method changes and production
increasement. The TSL process is the process of recovering valuable metals from
the zinc leach residue. The Experiment Research Team concentrates on developing
technology research and process analysis.
Young Poong Corp.
(Young Poong) is a Korea-based non-ferrous metals manufacturer. The product
portfolio of the company include special high grade (SHG) zinc slab ingots,
zinc alloys for galvanizing and zinc die casting, sulfuric acids, copper
sulfates, silver byproducts and indiums. It also provide diverse range of
rechargeable and recyclable batteries. Young Poong products find application in
different sectors like automobiles, home appliances, electric devices,
communication equipments, metal refining, steel industry, spinning and weaving,
fiber industry and paper industry, among others. Young Poong is headquartered
in Seoul, Korea.The company improved its manufacturing process in 2011, this
helped the company in increasing its annual production capacity to 3,50,000
tons of zinc.The company reported revenues of (Won) KRW 1,397,118.39 million
during the fiscal year ended December 2011, an increase of 16.78% over 2010.
The operating profit of the company was KRW 78,677.24 million during the fiscal
year 2011, a decrease of 5.87% from 2010. The net profit of the company was KRW
231,970.49 million during the fiscal year 2011, an increase of 2.49% over 2010.
Nonferrous Metal
(except Aluminum) Smelting and Refining
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
Corporate Family |
Corporate
Structure News: |
|
|
Young
Poong Corporation |
|
Young Poong Corporation |
|
|
|
|
|
Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Seoul |
Korea, Republic of |
Miscellaneous Fabricated Products |
1,427.3 |
523 |
|
|
Subsidiary |
Ansan |
Korea, Republic of |
Electronic Instruments and Controls |
461.0 |
489 |
|
|
Subsidiary |
Ansan, Kyonggi-Do |
Korea, Republic of |
Electronic Instruments and Controls |
34.3 |
203 |
|
|
Subsidiary |
Ansan-si, Gyeonggi-Do |
Korea, Republic of |
Electronic Instruments and Controls |
242.5 |
405 |
|
|
Subsidiary |
Paju |
Korea, Republic of |
Semiconductors |
275.0 |
163 |
|
|
Subsidiary |
Paju |
Korea, Republic of |
Communications Equipment |
|
500 |
|
|
Subsidiary |
Fremont, CA |
United States |
Semiconductors |
3.5 |
8 |
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Capital Goods |
|
7 |
Competitors Report
|
Company
Name |
Location |
Employees |
Ownership |
|
Hanil Chemical Ind. Co., Ltd. |
Siheung, Korea, Republic of |
95 |
Public |
|
Toho Zinc Co Ltd |
Chuo-Ku, Japan |
1,130 |
Public |
|
Yunnan Luoping Zinc &
Elec. Co., Ltd. |
Qujing, China |
1,512 |
Public |
|
Yunnan Tin Co., Ltd. |
Kunming, China |
16,087 |
Public |
Executive report
|
Board of
Directors |
|
|
|
|
|||||||||
|
Co-Chief Executive Officer |
Chairman |
|
|||||||||
|
||||||||||||
|
Chairman of the Board, Co-Chief Executive Officer |
Chairman |
|
|
||||||||
|
||||||||||||
|
President, Co-Chief Executive Officer, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Non-Executive Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Co-Chief Executive Officer, Vice President, Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Non-Executive Independent Director |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Executives |
|
|
|
|
|||||||||
|
President, Co-Chief Executive Officer, Director |
Chief Executive Officer |
|
|||||||||
|
||||||||||||
|
Chief Executive Officer |
Chief Executive Officer |
|
|
||||||||
|
||||||||||||
|
Co-Chief Executive Officer |
Chief Executive Officer |
|
|
||||||||
|
||||||||||||
|
Chairman of the Board, Co-Chief Executive Officer |
Chief Executive Officer |
|
|
||||||||
|
||||||||||||
|
Co-Chief Executive Officer, Vice President, Director |
Chief Executive Officer |
|
|
||||||||
|
||||||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Assistant Managing Director |
Managing Director |
|
|
||||||||
|
||||||||||||
|
Internal Auditor |
Accounting Executive |
|
|
||||||||
|
||||||||||||
|
Internal Auditor |
Accounting Executive |
|
|
||||||||
|
||||||||||||
|
Internal Auditor |
Accounting Executive |
|
|
||||||||
|
||||||||||||
|
Vice President |
Other |
|
|
||||||||
|
||||||||||||
|
Vice President |
Other |
|
|
||||||||
|
||||||||||||
|
Vice President |
Other |
|
|
||||||||
|
||||||||||||
Significant Developments
Young Poong Corporation Declares Annual Cash Dividend for FY 2012 Mar
05, 2013
Young Poong Corporation announced that it has declared an annual cash dividend of KRW 7,500 per share of common stock to shareholders of record on December 31, 2012, for the fiscal year 2012. The dividend rate of market price is 0.7% and the total amount of the cash dividend is KRW 12,901,005,000. The dividend payment date is April 5, 2013. The Company's annual cash dividend for the fiscal year 2011 was KRW 8,750 per share.
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,427.3 |
1,261.1 |
1,034.7 |
1,337.3 |
1,547.1 |
|
Revenue |
1,427.3 |
1,261.1 |
1,034.7 |
1,337.3 |
1,547.1 |
|
Total Revenue |
1,427.3 |
1,261.1 |
1,034.7 |
1,337.3 |
1,547.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,258.1 |
1,150.1 |
936.9 |
1,196.7 |
1,397.5 |
|
Cost of Revenue, Total |
1,258.1 |
1,150.1 |
936.9 |
1,196.7 |
1,397.5 |
|
Gross Profit |
169.2 |
111.0 |
97.8 |
140.6 |
149.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
35.1 |
32.1 |
32.4 |
57.7 |
59.0 |
|
Labor & Related Expense |
9.5 |
8.1 |
7.4 |
20.9 |
22.8 |
|
Advertising Expense |
0.1 |
0.0 |
0.0 |
1.5 |
1.8 |
|
Total Selling/General/Administrative Expenses |
44.7 |
40.3 |
39.8 |
80.1 |
83.6 |
|
Research & Development |
- |
- |
- |
- |
0.0 |
|
Depreciation |
0.7 |
0.4 |
0.3 |
1.9 |
2.2 |
|
Amortization of Intangibles |
0.2 |
0.2 |
0.1 |
0.6 |
0.5 |
|
Depreciation/Amortization |
0.9 |
0.5 |
0.4 |
2.5 |
2.7 |
|
Investment Income -
Operating |
- |
- |
-6.6 |
- |
- |
|
Interest/Investment Income - Operating |
- |
- |
-6.6 |
- |
- |
|
Interest Expense (Income) - Net Operating Total |
- |
- |
-6.6 |
- |
- |
|
Loss (Gain) on Sale of Assets - Operating |
- |
- |
-2.2 |
- |
- |
|
Unusual Expense (Income) |
- |
- |
-2.2 |
- |
- |
|
Other Operating Expense |
- |
- |
0.1 |
- |
- |
|
Other, Net |
- |
- |
-6.0 |
- |
- |
|
Other Operating Expenses, Total |
- |
- |
-5.8 |
- |
- |
|
Total Operating Expense |
1,303.7 |
1,190.9 |
962.4 |
1,279.3 |
1,483.7 |
|
|
|
|
|
|
|
|
Operating Income |
123.6 |
70.1 |
72.3 |
58.0 |
63.4 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-4.0 |
-3.2 |
-2.5 |
-11.5 |
-18.1 |
|
Interest Expense, Net Non-Operating |
-4.0 |
-3.2 |
-2.5 |
-11.5 |
-18.1 |
|
Interest Income -
Non-Operating |
6.0 |
4.5 |
6.0 |
5.6 |
8.1 |
|
Investment Income -
Non-Operating |
184.4 |
200.8 |
160.9 |
93.1 |
84.7 |
|
Interest/Investment Income - Non-Operating |
190.4 |
205.3 |
167.0 |
98.7 |
92.8 |
|
Interest Income (Expense) - Net Non-Operating |
0.0 |
0.0 |
0.0 |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
186.4 |
202.1 |
164.5 |
87.3 |
74.7 |
|
Gain (Loss) on Sale of Assets |
-0.1 |
-0.3 |
- |
0.3 |
1.6 |
|
Other Non-Operating Income (Expense) |
1.8 |
2.3 |
- |
16.9 |
4.7 |
|
Other, Net |
1.8 |
2.3 |
- |
16.9 |
4.7 |
|
Income Before Tax |
311.8 |
274.3 |
236.7 |
162.4 |
144.4 |
|
|
|
|
|
|
|
|
Total Income Tax |
65.6 |
64.9 |
41.0 |
36.8 |
13.9 |
|
Income After Tax |
246.2 |
209.4 |
195.8 |
125.6 |
130.5 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
- |
- |
-12.9 |
-2.2 |
|
Net Income Before Extraord Items |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
Net Income |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
1.7 |
1.7 |
1.7 |
1.4 |
1.5 |
|
Basic EPS Excl Extraord Items |
143.13 |
121.72 |
114.04 |
78.24 |
87.27 |
|
Basic/Primary EPS Incl Extraord Items |
143.13 |
121.72 |
114.04 |
78.24 |
87.27 |
|
Diluted Net Income |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
Diluted Weighted Average Shares |
1.7 |
1.7 |
1.7 |
1.4 |
1.5 |
|
Diluted EPS Excl Extraord Items |
143.13 |
121.72 |
114.04 |
78.24 |
87.27 |
|
Diluted EPS Incl Extraord Items |
143.13 |
121.72 |
114.04 |
78.24 |
87.27 |
|
Dividends per Share - Common Stock Primary Issue |
- |
7.90 |
2.16 |
1.96 |
2.27 |
|
Gross Dividends - Common Stock |
- |
13.6 |
3.7 |
2.8 |
3.3 |
|
Interest Expense, Supplemental |
4.0 |
3.2 |
2.5 |
11.5 |
18.1 |
|
Depreciation, Supplemental |
59.0 |
54.9 |
52.6 |
90.2 |
106.1 |
|
Total Special Items |
0.1 |
0.3 |
-2.2 |
-0.2 |
-1.6 |
|
Normalized Income Before Tax |
311.9 |
274.6 |
234.5 |
162.2 |
142.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.1 |
-0.4 |
-0.1 |
-0.2 |
|
Inc Tax Ex Impact of Sp Items |
65.6 |
65.0 |
40.6 |
36.8 |
13.7 |
|
Normalized Income After Tax |
246.2 |
209.6 |
193.9 |
125.4 |
129.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
246.2 |
209.6 |
193.9 |
112.5 |
126.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
143.15 |
121.85 |
112.97 |
78.12 |
86.31 |
|
Diluted Normalized EPS |
143.15 |
121.85 |
112.97 |
78.12 |
86.31 |
|
Amort of Acquisition Costs, Supplemental |
- |
- |
- |
0.0 |
0.1 |
|
Amort of Intangibles, Supplemental |
0.2 |
0.2 |
0.2 |
1.1 |
0.7 |
|
Rental Expenses |
2.6 |
2.3 |
1.9 |
7.9 |
9.2 |
|
Advertising Expense, Supplemental |
0.1 |
0.0 |
0.0 |
1.5 |
1.8 |
|
Research & Development Exp, Supplemental |
- |
- |
- |
5.6 |
0.0 |
|
Normalized EBIT |
123.6 |
70.1 |
63.4 |
58.0 |
63.4 |
|
Normalized EBITDA |
182.9 |
125.3 |
116.2 |
149.3 |
170.3 |
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
42.8 |
101.8 |
95.6 |
100.5 |
121.4 |
|
Short Term Investments |
90.9 |
0.6 |
54.0 |
41.0 |
34.2 |
|
Cash and Short Term Investments |
133.7 |
102.4 |
149.6 |
141.5 |
155.7 |
|
Accounts Receivable -
Trade, Gross |
- |
- |
- |
138.4 |
85.3 |
|
Provision for Doubtful
Accounts |
- |
- |
- |
-5.4 |
-3.1 |
|
Trade Accounts Receivable - Net |
113.3 |
99.0 |
67.0 |
133.9 |
83.3 |
|
Other Receivables |
11.6 |
23.9 |
5.2 |
15.2 |
11.6 |
|
Total Receivables, Net |
124.9 |
122.9 |
72.2 |
149.1 |
95.0 |
|
Inventories - Finished Goods |
69.4 |
72.7 |
44.3 |
69.0 |
82.9 |
|
Inventories - Work In Progress |
51.3 |
44.4 |
43.1 |
45.1 |
38.9 |
|
Inventories - Raw Materials |
68.1 |
47.4 |
44.3 |
88.0 |
51.3 |
|
Inventories - Other |
19.3 |
8.3 |
17.6 |
25.4 |
15.0 |
|
Total Inventory |
208.1 |
172.8 |
149.4 |
227.6 |
188.2 |
|
Prepaid Expenses |
2.3 |
2.6 |
2.7 |
1.3 |
1.3 |
|
Deferred Income Tax - Current Asset |
- |
- |
- |
3.4 |
2.6 |
|
Other Current Assets |
0.0 |
1.9 |
0.0 |
0.3 |
2.8 |
|
Other Current Assets, Total |
0.0 |
1.9 |
0.0 |
3.7 |
5.4 |
|
Total Current Assets |
469.0 |
402.6 |
373.9 |
523.1 |
445.5 |
|
|
|
|
|
|
|
|
Buildings |
112.5 |
99.9 |
95.3 |
347.7 |
296.4 |
|
Land/Improvements |
42.1 |
39.1 |
23.9 |
201.8 |
186.0 |
|
Machinery/Equipment |
626.1 |
532.9 |
465.9 |
862.3 |
705.1 |
|
Construction in
Progress |
98.4 |
37.8 |
21.2 |
12.2 |
39.8 |
|
Other
Property/Plant/Equipment |
13.5 |
10.1 |
9.1 |
60.2 |
47.8 |
|
Property/Plant/Equipment - Gross |
892.6 |
719.8 |
615.5 |
1,484.1 |
1,275.2 |
|
Accumulated Depreciation |
-422.8 |
-336.3 |
-293.5 |
-819.5 |
-681.0 |
|
Property/Plant/Equipment - Net |
469.8 |
383.5 |
321.9 |
664.7 |
594.2 |
|
Goodwill, Net |
- |
- |
- |
0.0 |
0.1 |
|
Intangibles, Net |
3.5 |
2.4 |
2.4 |
4.2 |
3.9 |
|
LT Investment - Affiliate Companies |
1,278.1 |
1,019.5 |
832.8 |
504.5 |
385.7 |
|
LT Investments - Other |
486.4 |
460.3 |
486.9 |
38.7 |
23.5 |
|
Long Term Investments |
1,764.4 |
1,479.9 |
1,319.7 |
543.2 |
409.2 |
|
Note Receivable - Long Term |
0.0 |
0.0 |
0.0 |
0.5 |
- |
|
Other Long Term Assets |
9.4 |
8.0 |
8.0 |
23.6 |
20.1 |
|
Other Long Term Assets, Total |
9.4 |
8.0 |
8.0 |
23.6 |
20.1 |
|
Total Assets |
2,716.1 |
2,276.3 |
2,026.0 |
1,759.3 |
1,473.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
112.1 |
99.1 |
75.1 |
163.4 |
112.8 |
|
Accrued Expenses |
1.9 |
3.6 |
1.4 |
5.4 |
4.6 |
|
Notes Payable/Short Term Debt |
83.7 |
123.3 |
119.0 |
134.9 |
119.2 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
- |
18.4 |
32.5 |
|
Customer Advances |
1.0 |
0.3 |
0.2 |
0.5 |
8.5 |
|
Security Deposits |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Income Taxes Payable |
28.6 |
9.9 |
10.8 |
12.0 |
8.7 |
|
Other Payables |
31.8 |
38.4 |
36.1 |
53.8 |
46.9 |
|
Other Current Liabilities |
7.2 |
0.3 |
0.3 |
2.9 |
4.4 |
|
Other Current liabilities, Total |
68.6 |
48.9 |
47.3 |
69.3 |
68.5 |
|
Total Current Liabilities |
266.3 |
274.9 |
242.9 |
391.4 |
337.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
69.2 |
45.7 |
31.7 |
82.5 |
102.4 |
|
Total Long Term Debt |
69.2 |
45.7 |
31.7 |
82.5 |
102.4 |
|
Total Debt |
153.0 |
169.0 |
150.8 |
235.8 |
254.1 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
299.4 |
250.1 |
194.9 |
117.5 |
83.3 |
|
Deferred Income Tax |
299.4 |
250.1 |
194.9 |
117.5 |
83.3 |
|
Minority Interest |
- |
0.0 |
0.0 |
172.6 |
132.8 |
|
Reserves |
1.1 |
1.4 |
1.6 |
1.7 |
- |
|
Pension Benefits - Underfunded |
10.5 |
8.1 |
6.9 |
15.3 |
12.7 |
|
Other Long Term Liabilities |
24.2 |
31.2 |
39.3 |
50.7 |
59.9 |
|
Other Liabilities, Total |
35.7 |
40.7 |
47.9 |
67.7 |
72.6 |
|
Total Liabilities |
670.7 |
611.4 |
517.4 |
831.6 |
728.6 |
|
|
|
|
|
|
|
|
Common Stock |
8.6 |
8.0 |
8.1 |
7.9 |
7.3 |
|
Common Stock |
8.6 |
8.0 |
8.1 |
7.9 |
7.3 |
|
Additional Paid-In Capital |
26.2 |
24.3 |
24.6 |
243.3 |
222.6 |
|
Retained Earnings (Accumulated Deficit) |
2,000.7 |
1,624.1 |
1,461.1 |
626.1 |
468.3 |
|
Treasury Stock - Common |
-16.4 |
-15.2 |
-15.4 |
-18.2 |
-5.4 |
|
Unrealized Gain (Loss) |
26.4 |
23.4 |
29.9 |
70.4 |
53.7 |
|
Translation Adjustment |
-0.1 |
0.4 |
0.2 |
-0.4 |
-2.3 |
|
Other Equity |
0.0 |
0.0 |
- |
-1.4 |
0.2 |
|
Other Equity, Total |
-0.1 |
0.4 |
0.2 |
-1.8 |
-2.1 |
|
Total Equity |
2,045.4 |
1,665.0 |
1,508.6 |
927.7 |
744.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
2,716.1 |
2,276.3 |
2,026.0 |
1,759.3 |
1,473.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Total Common Shares Outstanding |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Treasury Shares - Common Stock Primary Issue |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees |
- |
523 |
496 |
455 |
472 |
|
Number of Common Shareholders |
- |
- |
674 |
- |
881 |
|
Accumulated Goodwill Amortization Suppl. |
- |
- |
- |
0.3 |
13.8 |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
- |
3.5 |
2.4 |
|
Deferred Revenue - Current |
1.0 |
0.3 |
0.2 |
0.5 |
8.5 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
101.5 |
120.3 |
|
Long Term Debt Maturing within 1 Year |
- |
- |
- |
18.7 |
32.7 |
|
Long Term Debt Maturing in Year 2 |
- |
- |
- |
31.0 |
18.9 |
|
Long Term Debt Maturing in Year 3 |
- |
- |
- |
30.3 |
30.7 |
|
Long Term Debt Maturing in Year 4 |
- |
- |
- |
6.2 |
28.1 |
|
Long Term Debt Maturing in Year 5 |
- |
- |
- |
5.0 |
- |
|
Long Term Debt Maturing in 2-3 Years |
- |
- |
- |
61.2 |
49.7 |
|
Long Term Debt Maturing in 4-5 Years |
- |
- |
- |
11.3 |
28.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
- |
- |
10.4 |
9.8 |
|
Total Capital Leases, Supplemental |
- |
- |
- |
0.0 |
0.1 |
|
Capital Lease Payments Due in Year 1 |
- |
- |
- |
0.0 |
0.1 |
|
Capital Lease Payments Due in Year 2 |
- |
- |
- |
- |
0.0 |
|
Capital Lease Payments Due in Year 3 |
- |
- |
- |
- |
0.0 |
|
Capital Lease Payments Due in 2-3 Years |
- |
- |
- |
- |
0.0 |
|
Total Operating Leases, Supplemental |
- |
- |
- |
0.9 |
1.9 |
|
Operating Lease Payments Due in Year 1 |
- |
- |
- |
0.8 |
1.8 |
|
Operating Lease Payments Due in Year 2 |
- |
- |
- |
- |
0.0 |
|
Operating Lease Payments Due in Year 3 |
- |
- |
- |
- |
0.0 |
|
Operating Lease Pymts. Due in 2-3 Years |
- |
- |
- |
- |
0.0 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
- |
- |
- |
0.0 |
0.0 |
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
246.2 |
209.4 |
195.8 |
125.6 |
130.5 |
|
Depreciation |
61.7 |
57.6 |
52.6 |
90.2 |
106.1 |
|
Depreciation/Depletion |
61.7 |
57.6 |
52.6 |
90.2 |
106.1 |
|
Amortization of Intangibles |
0.2 |
0.2 |
0.2 |
1.1 |
0.8 |
|
Amortization |
0.2 |
0.2 |
0.2 |
1.1 |
0.8 |
|
Deferred Taxes |
- |
- |
- |
18.7 |
-0.9 |
|
Unusual Items |
-3.8 |
-1.5 |
-4.5 |
1.5 |
-33.1 |
|
Equity in Net Earnings (Loss) |
-171.3 |
-199.5 |
-160.3 |
-86.5 |
-68.2 |
|
Other Non-Cash Items |
63.9 |
73.7 |
41.6 |
10.2 |
17.5 |
|
Non-Cash Items |
-111.2 |
-127.3 |
-123.2 |
-74.8 |
-83.8 |
|
Accounts Receivable |
-5.6 |
- |
- |
-13.7 |
37.2 |
|
Inventories |
-20.3 |
- |
- |
-23.5 |
15.8 |
|
Prepaid Expenses |
0.4 |
- |
- |
-1.4 |
0.2 |
|
Other Assets |
- |
- |
- |
-0.8 |
-3.4 |
|
Accounts Payable |
-0.2 |
- |
- |
13.0 |
-71.1 |
|
Accrued Expenses |
-2.0 |
- |
- |
0.4 |
0.1 |
|
Taxes Payable |
- |
- |
- |
2.4 |
-14.3 |
|
Other Liabilities |
-5.5 |
- |
- |
-28.4 |
-0.4 |
|
Other Assets & Liabilities, Net |
-0.1 |
-63.4 |
-34.0 |
- |
0.1 |
|
Other Operating Cash Flow |
-6.8 |
-6.3 |
-3.7 |
- |
- |
|
Changes in Working Capital |
-40.1 |
-69.7 |
-37.7 |
-52.0 |
-35.7 |
|
Cash from Operating Activities |
156.8 |
70.3 |
87.7 |
108.8 |
116.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-112.3 |
-125.8 |
-59.0 |
-119.1 |
-110.0 |
|
Purchase/Acquisition of Intangibles |
-0.8 |
- |
-0.2 |
-1.1 |
-3.4 |
|
Capital Expenditures |
-113.1 |
-125.8 |
-59.2 |
-120.2 |
-113.4 |
|
Sale of Fixed Assets |
0.2 |
0.1 |
12.5 |
8.9 |
4.1 |
|
Sale/Maturity of Investment |
14.1 |
1,588.9 |
1,630.2 |
56.1 |
94.1 |
|
Purchase of Investments |
-103.8 |
-1,544.1 |
-1,695.7 |
-47.0 |
-52.1 |
|
Other Investing Cash Flow |
9.6 |
-10.8 |
-0.2 |
0.1 |
6.5 |
|
Other Investing Cash Flow Items, Total |
-79.9 |
34.2 |
-53.1 |
18.2 |
52.7 |
|
Cash from Investing Activities |
-193.0 |
-91.6 |
-112.3 |
-102.0 |
-60.7 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-6.7 |
-5.7 |
-7.9 |
-28.8 |
-38.9 |
|
Financing Cash Flow Items |
-6.7 |
-5.7 |
-7.9 |
-28.8 |
-38.9 |
|
Cash Dividends Paid - Common |
- |
- |
- |
-4.0 |
-3.9 |
|
Total Cash Dividends Paid |
- |
- |
- |
-4.0 |
-3.9 |
|
Sale/Issuance of
Common |
- |
- |
7.4 |
14.6 |
- |
|
Repurchase/Retirement
of Common |
- |
- |
- |
-11.3 |
- |
|
Common Stock, Net |
- |
- |
7.4 |
3.4 |
- |
|
Issuance (Retirement) of Stock, Net |
- |
- |
7.4 |
3.4 |
- |
|
Short Term Debt Issued |
67.4 |
126.6 |
113.0 |
178.5 |
472.7 |
|
Short Term Debt
Reduction |
-113.6 |
-113.3 |
-80.3 |
-172.4 |
-443.3 |
|
Short Term Debt, Net |
-46.1 |
13.2 |
32.7 |
6.1 |
29.5 |
|
Long Term Debt Issued |
25.8 |
21.8 |
2.9 |
11.3 |
9.5 |
|
Long Term Debt
Reduction |
- |
- |
0.0 |
-22.7 |
-5.3 |
|
Long Term Debt, Net |
25.8 |
21.8 |
2.8 |
-11.3 |
4.2 |
|
Issuance (Retirement) of Debt, Net |
-20.3 |
35.0 |
35.6 |
-5.2 |
33.7 |
|
Cash from Financing Activities |
-27.0 |
29.3 |
35.1 |
-34.7 |
-9.1 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.5 |
-0.1 |
0.4 |
- |
- |
|
Net Change in Cash |
-63.6 |
7.9 |
10.8 |
-27.9 |
47.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
104.1 |
97.9 |
83.0 |
120.0 |
92.0 |
|
Net Cash - Ending Balance |
40.5 |
105.9 |
93.8 |
92.1 |
139.1 |
|
Cash Interest Paid |
3.9 |
2.8 |
2.3 |
- |
- |
|
Cash Taxes Paid |
18.1 |
15.8 |
11.1 |
- |
- |
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales Revenue |
1,427.3 |
1,261.1 |
1,034.7 |
1,337.3 |
1,547.1 |
|
Total Revenue |
1,427.3 |
1,261.1 |
1,034.7 |
1,337.3 |
1,547.1 |
|
|
|
|
|
|
|
|
Costs of Goods & Services Sold |
1,258.1 |
1,150.1 |
936.9 |
1,196.7 |
1,397.5 |
|
Salaries & Wages |
7.4 |
6.4 |
5.4 |
16.3 |
18.1 |
|
Retirement & Severance Benefits |
0.5 |
0.2 |
0.8 |
1.9 |
1.8 |
|
Sales Incentive Exp. |
- |
- |
- |
0.1 |
0.1 |
|
Employee Benefits |
1.6 |
1.4 |
1.1 |
2.7 |
2.8 |
|
Travel Expenses |
0.6 |
0.7 |
0.4 |
1.0 |
1.3 |
|
Communication Expense |
0.2 |
0.2 |
0.1 |
0.4 |
0.6 |
|
Utility Expenses |
0.6 |
0.5 |
0.5 |
0.3 |
0.4 |
|
Taxes & Dues |
0.2 |
0.2 |
0.2 |
0.7 |
0.8 |
|
Supply Expense |
0.2 |
0.3 |
0.3 |
0.9 |
1.0 |
|
Publication Expense |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Rental Expense |
2.6 |
2.3 |
1.9 |
7.9 |
9.2 |
|
Repair Expense |
0.6 |
0.7 |
0.5 |
0.8 |
0.9 |
|
Vehicle Maintenance Expense |
- |
- |
- |
0.6 |
1.0 |
|
Insurance Premiums |
0.2 |
0.1 |
0.1 |
0.4 |
0.4 |
|
Commissions |
3.6 |
3.0 |
5.5 |
12.8 |
8.2 |
|
Sales Commissions |
3.4 |
3.0 |
2.0 |
2.1 |
3.5 |
|
Shipping & Storage Expense |
- |
- |
- |
15.2 |
17.7 |
|
Packaging Expense |
0.0 |
0.0 |
0.0 |
0.3 |
0.2 |
|
Freight Expense |
22.2 |
20.1 |
19.8 |
1.7 |
1.8 |
|
Entertainment |
0.4 |
0.4 |
0.3 |
1.0 |
1.1 |
|
Sales Promotional Expense |
- |
- |
- |
1.3 |
1.5 |
|
Advertising Expenses |
0.1 |
0.0 |
0.0 |
0.2 |
0.3 |
|
Sales Guarantees |
- |
- |
- |
2.1 |
1.3 |
|
Education & Training |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Exporting Related Expense |
- |
- |
- |
0.1 |
0.3 |
|
Sample Expense |
- |
- |
- |
0.0 |
0.0 |
|
Service Expense |
- |
- |
- |
0.0 |
0.0 |
|
Conference Expense |
- |
- |
- |
0.0 |
0.0 |
|
Expense of Allow. for DA |
- |
0.4 |
0.0 |
2.1 |
0.2 |
|
Contract Fee |
- |
- |
- |
6.2 |
7.5 |
|
Claims Expense |
- |
- |
- |
0.7 |
0.9 |
|
Research & Survey Expense |
- |
- |
- |
- |
0.0 |
|
Electricity Expense |
- |
- |
- |
0.1 |
0.1 |
|
Depreciation |
0.7 |
0.4 |
0.3 |
1.9 |
2.2 |
|
Amort. of Intangibless |
0.2 |
0.2 |
0.1 |
0.6 |
0.5 |
|
Miscellaneous Expense |
- |
- |
- |
0.2 |
0.2 |
|
Other Administrative Expense |
0.3 |
0.2 |
0.6 |
- |
- |
|
Adj. for Other Selling & Admin. Expense |
- |
0.0 |
0.0 |
- |
- |
|
Gain on Foreign Currency Transaction |
- |
- |
-17.6 |
- |
- |
|
Gain on Foreign Currency Translation |
- |
- |
-0.6 |
- |
- |
|
Gain on Disposal of PPT |
- |
- |
-3.2 |
- |
- |
|
Reversal of Allow. for DA |
- |
- |
-0.2 |
- |
- |
|
Commission Income |
- |
- |
-0.2 |
- |
- |
|
Rental Income |
- |
- |
-0.1 |
- |
- |
|
Miscellaneous Income |
- |
- |
-5.5 |
- |
- |
|
Adj. for Other Operating Income |
- |
- |
0.0 |
- |
- |
|
Loss on Foreign Currency Transaction |
- |
- |
10.2 |
- |
- |
|
Loss on Foreign Currency Translation |
- |
- |
1.1 |
- |
- |
|
Loss on Disposal of Fincl Instrm |
- |
- |
0.3 |
- |
- |
|
Loss on Disposal of PPT |
- |
- |
0.6 |
- |
- |
|
Other Allow. for DA |
- |
- |
0.0 |
- |
- |
|
Loss on Scrapping of Inventory |
- |
- |
0.4 |
- |
- |
|
Donations Paid |
- |
- |
0.0 |
- |
- |
|
Miscellaneous Loss |
- |
- |
0.1 |
- |
- |
|
Adj. for Other Operating Expense |
- |
- |
0.0 |
- |
- |
|
Total Operating Expense |
1,303.7 |
1,190.9 |
962.4 |
1,279.3 |
1,483.7 |
|
|
|
|
|
|
|
|
Interest Income |
6.0 |
4.5 |
4.0 |
5.6 |
8.1 |
|
Dividend Income |
0.7 |
0.3 |
0.4 |
0.5 |
3.5 |
|
Gain-Foreign Exchange Transaction |
2.8 |
3.1 |
2.8 |
34.4 |
62.3 |
|
Gain-Foreign Currency Translation |
0.6 |
0.1 |
0.2 |
3.0 |
11.8 |
|
Gain on Foreign Currency Transaction,OE |
13.6 |
15.8 |
- |
- |
- |
|
Gain on Foreign Currency Translation,OE |
1.2 |
0.3 |
- |
- |
- |
|
G-Secs. for Sale Disposal |
3.5 |
0.0 |
0.5 |
0.2 |
31.9 |
|
Adj. for Finance Income |
- |
- |
2.1 |
- |
- |
|
Adj. for Finance Income |
0.0 |
- |
0.0 |
- |
- |
|
Rental Income |
0.2 |
0.1 |
- |
1.2 |
1.5 |
|
Gain on Disposal of PPE |
0.2 |
0.0 |
- |
0.4 |
2.0 |
|
Gain-Disposal of inventory |
- |
- |
- |
0.0 |
0.1 |
|
Gain-ST Marketable Sec. Valuation |
- |
- |
- |
0.3 |
- |
|
Gain-Valuation of Currency Option |
- |
- |
- |
- |
0.0 |
|
Gain-Valuation of Currency Swap |
- |
- |
- |
- |
3.1 |
|
Gain-Currency Swap Transaction |
- |
- |
- |
0.5 |
2.0 |
|
Gain-Currency Forwards Transactions |
- |
- |
- |
- |
0.1 |
|
G-Inv.Asset Disposal |
- |
- |
- |
- |
0.1 |
|
Gain-Derivatives Transactions |
- |
- |
- |
0.1 |
- |
|
Rec. of Allow. for DA |
0.4 |
0.1 |
- |
0.3 |
0.2 |
|
Rec. of Other Allow. for DA |
0.0 |
- |
- |
- |
- |
|
Income Taxes Refunds |
- |
- |
- |
0.0 |
- |
|
Commission Income |
0.2 |
0.2 |
- |
1.7 |
0.4 |
|
Miscellaneous Income |
1.8 |
4.8 |
- |
19.9 |
10.3 |
|
Loss-Currency Forwards Transaction |
- |
- |
- |
- |
-0.1 |
|
Loss-Valuation of Currency Option |
- |
- |
- |
0.0 |
-0.6 |
|
Loss-Reduction of Investment Assets |
- |
- |
- |
- |
-0.2 |
|
Impmt Loss on Intangibless |
- |
-0.1 |
- |
- |
- |
|
Loss-Disposal of F.A. Avail. for Sale |
0.0 |
- |
- |
- |
- |
|
L-Trade Rcv Disposal |
- |
- |
- |
-0.7 |
-1.4 |
|
L-Tang.Asst Disposal |
- |
- |
- |
-0.1 |
-0.4 |
|
L-Inventory Disposal |
- |
- |
- |
0.0 |
0.0 |
|
Loss on Scrapping of Inventory |
- |
-0.3 |
- |
0.0 |
-0.1 |
|
Loss on Disposal of PPE |
-0.2 |
-0.1 |
- |
- |
- |
|
Loss-Derivatives Transaction |
- |
- |
- |
0.0 |
- |
|
Interest Expense |
-4.0 |
-3.2 |
-2.5 |
-11.5 |
-18.1 |
|
Loss-Foreign Currency Translation |
-0.1 |
-0.4 |
-0.1 |
-1.5 |
-21.2 |
|
Loss-Foreign Exchange Transaction |
-3.0 |
-2.8 |
-3.1 |
-30.7 |
-76.2 |
|
Loss on Foreign Currency Transaction,OE |
-6.5 |
-11.0 |
- |
- |
- |
|
Loss on Foreign Currency Translation,OE |
0.0 |
-5.8 |
- |
- |
- |
|
Adj. for Finance Expense |
- |
0.0 |
0.0 |
- |
- |
|
Loss-Currency Swap Transaction |
- |
- |
- |
0.0 |
- |
|
Loss on Disposal of Fincl Instrm |
-0.2 |
-0.3 |
- |
- |
- |
|
Other Allow. for DA |
- |
-0.4 |
- |
0.0 |
0.0 |
|
Amort. of Rented Machinery |
- |
- |
- |
0.0 |
-0.1 |
|
Loss-Redemption of Borrowings |
- |
- |
- |
-0.2 |
- |
|
Donations Paid |
0.0 |
-0.1 |
- |
-0.1 |
0.0 |
|
Compensation Expense |
- |
- |
- |
-0.8 |
- |
|
Miscellaneous Loss |
-0.6 |
-2.4 |
- |
-4.4 |
-6.2 |
|
Gains on Valuation of Equity Method Secu |
171.3 |
199.5 |
160.3 |
86.5 |
68.2 |
|
Gain on Disposal of Stock in Affiliates |
0.6 |
2.2 |
- |
- |
- |
|
Adj. for Other Non-Operating Income |
0.0 |
0.0 |
- |
- |
- |
|
Adj. for Other Non-Operating Expense |
0.0 |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
311.8 |
274.3 |
236.7 |
162.4 |
144.4 |
|
|
|
|
|
|
|
|
Prov. for Income Taxes |
65.6 |
64.9 |
41.0 |
36.8 |
13.9 |
|
Net Income After Taxes |
246.2 |
209.4 |
195.8 |
125.6 |
130.5 |
|
|
|
|
|
|
|
|
Gain Minority Int. |
- |
- |
- |
-12.9 |
-2.2 |
|
Net Income Before Extra. Items |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
Net Income |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
|
|
|
|
|
|
|
Income Available to Com Excl E |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
1.7 |
1.7 |
1.7 |
1.4 |
1.5 |
|
Basic EPS Excluding ExtraOrdin |
143.13 |
121.72 |
114.04 |
78.24 |
87.27 |
|
Basic EPS Including ExtraOrdin |
143.13 |
121.72 |
114.04 |
78.24 |
87.27 |
|
Diluted Net Income |
246.2 |
209.4 |
195.8 |
112.7 |
128.3 |
|
Diluted Weighted Average Share |
1.7 |
1.7 |
1.7 |
1.4 |
1.5 |
|
Diluted EPS Excluding ExtraOrd |
143.13 |
121.72 |
114.04 |
78.24 |
87.27 |
|
Diluted EPS Including ExtraOrd |
143.13 |
121.72 |
114.04 |
78.24 |
87.27 |
|
DPS-Common Stock |
- |
7.90 |
2.16 |
1.96 |
2.27 |
|
Gross Dividends - Common Stock |
- |
13.6 |
3.7 |
2.8 |
3.3 |
|
Normalized Income Before Taxes |
311.9 |
274.6 |
234.5 |
162.2 |
142.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex. Impact of Sp Items |
65.6 |
65.0 |
40.6 |
36.8 |
13.7 |
|
Normalized Income After Taxes |
246.2 |
209.6 |
193.9 |
125.4 |
129.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
246.2 |
209.6 |
193.9 |
112.5 |
126.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
143.15 |
121.85 |
112.97 |
78.12 |
86.31 |
|
Diluted Normalized EPS |
143.15 |
121.85 |
112.97 |
78.12 |
86.31 |
|
R&D Expense, Supplemental |
- |
- |
- |
5.6 |
0.0 |
|
Advertising Expense, Supplemental |
0.1 |
0.0 |
0.0 |
1.5 |
1.8 |
|
Interest Expense, Supplemental |
4.0 |
3.2 |
2.5 |
11.5 |
18.1 |
|
Amort of Intangibles, Suppleme |
0.2 |
0.2 |
0.2 |
1.1 |
0.7 |
|
Amort of Acquisition, Supplemental |
- |
- |
- |
0.0 |
0.1 |
|
Rental Expense, Supplemental |
2.6 |
2.3 |
1.9 |
7.9 |
9.2 |
|
Depreciation, Supplemental |
59.0 |
54.9 |
52.6 |
90.2 |
106.1 |
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 |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Cash Equivalents |
42.8 |
101.8 |
95.6 |
100.5 |
121.4 |
|
ST Finl Assets |
90.9 |
0.6 |
54.0 |
32.0 |
30.6 |
|
Secs. for Sale |
- |
- |
- |
2.6 |
3.7 |
|
Secs-Maturity |
- |
- |
- |
0.0 |
0.0 |
|
ST Marketable Securities |
- |
- |
- |
6.4 |
- |
|
Trade Rcvbls,G |
- |
- |
- |
138.4 |
85.3 |
|
Allow. for DA for Trade Receivable |
- |
- |
- |
-5.4 |
-3.1 |
|
Other Receivable |
11.6 |
13.8 |
5.2 |
15.1 |
11.6 |
|
Currency Swap, Current Assets |
- |
- |
- |
- |
1.6 |
|
ST Loans |
- |
10.2 |
- |
0.1 |
0.0 |
|
Advance Payments |
10.6 |
1.4 |
9.0 |
16.7 |
7.6 |
|
Accrued Income |
1.3 |
0.4 |
0.4 |
0.9 |
1.1 |
|
Prepaid Expenses |
2.3 |
2.6 |
2.7 |
1.3 |
1.3 |
|
Taxes Receivable |
- |
- |
- |
0.0 |
- |
|
Deferred Taxes |
- |
- |
- |
3.4 |
2.6 |
|
Other Quick Assets |
- |
- |
- |
0.3 |
0.2 |
|
Currency Options |
- |
- |
- |
- |
1.0 |
|
Merchandises |
0.0 |
0.0 |
0.7 |
25.4 |
25.0 |
|
Finished Goods |
69.4 |
72.7 |
43.6 |
43.6 |
57.9 |
|
Works in Process |
51.3 |
44.4 |
43.1 |
45.1 |
38.9 |
|
Raw Materials |
68.1 |
47.4 |
44.3 |
82.6 |
42.2 |
|
Supplemental Raw Materials |
- |
- |
- |
5.5 |
9.1 |
|
Supplies |
8.7 |
6.9 |
8.7 |
7.7 |
5.0 |
|
Goods in Transit |
- |
- |
- |
1.0 |
2.4 |
|
Bonds with Stock Warrant |
- |
1.9 |
- |
- |
- |
|
Adjustments for Other Financial Instrume |
0.0 |
0.0 |
0.0 |
- |
- |
|
Trade Receivable, Net |
112.0 |
98.5 |
66.6 |
- |
- |
|
Adj. for Trade & Other Receivable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Assets |
0.0 |
- |
0.0 |
- |
- |
|
Adj. for Inventories |
0.0 |
- |
0.0 |
- |
- |
|
Total Current Assets |
469.0 |
402.6 |
373.9 |
523.1 |
445.5 |
|
|
|
|
|
|
|
|
LT Finl Assets |
0.0 |
0.0 |
0.2 |
0.3 |
0.5 |
|
Secs for Sale |
32.1 |
37.2 |
54.5 |
38.2 |
23.0 |
|
Secs-Maturity |
- |
- |
- |
0.0 |
0.0 |
|
Investment-Affiliates |
1,278.1 |
1,019.5 |
832.8 |
504.5 |
385.7 |
|
LT Account Receivable |
0.0 |
0.0 |
0.0 |
- |
- |
|
LT Loan |
- |
- |
- |
0.5 |
- |
|
LT Prepaid Exp. |
0.4 |
0.5 |
0.6 |
- |
- |
|
LT Advance Payment |
- |
- |
- |
0.8 |
- |
|
Deposits Provided |
7.9 |
6.4 |
6.1 |
18.3 |
16.9 |
|
Other Inv Assets |
- |
- |
- |
0.2 |
- |
|
Land |
42.1 |
39.1 |
23.9 |
201.8 |
186.0 |
|
Buildings |
87.6 |
77.0 |
72.4 |
268.7 |
233.7 |
|
Deprec-Buildings |
-34.3 |
-27.7 |
-24.4 |
-84.0 |
-69.3 |
|
Attachment to Buildings |
2.3 |
1.8 |
1.8 |
29.4 |
26.5 |
|
Attachments-Depreciation |
-1.0 |
-0.8 |
-0.8 |
-13.2 |
-11.3 |
|
Structures |
22.6 |
21.1 |
21.0 |
49.6 |
36.1 |
|
Deprec-Structure |
-8.7 |
-7.0 |
-5.9 |
-16.4 |
-13.0 |
|
Machinery/Equip. |
615.5 |
522.9 |
456.8 |
853.2 |
697.8 |
|
Depr-Mach/Equip. |
-360.1 |
-284.7 |
-247.5 |
-654.9 |
-547.1 |
|
Gov't Subsidy-Machinery |
- |
- |
- |
-0.1 |
-0.2 |
|
Transport Equip. |
10.5 |
9.9 |
9.1 |
9.2 |
7.5 |
|
Deprec-Transport |
-9.0 |
-7.8 |
-7.4 |
-7.7 |
-6.6 |
|
Other Tangibles |
13.5 |
10.1 |
9.1 |
60.2 |
47.8 |
|
Deprec-Other |
-9.7 |
-8.2 |
-7.5 |
-43.2 |
-33.7 |
|
Government Subsidy-Other Tangibles |
- |
- |
- |
0.0 |
0.0 |
|
Other Non-Current Assets |
0.1 |
0.1 |
0.1 |
3.4 |
2.0 |
|
Construction in Progress |
98.4 |
37.8 |
21.2 |
12.2 |
39.8 |
|
Industrial Property Rights |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Telecommunication Lines Usage Rights |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Exclusive Sidetrack Usage Rights |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Intangibless |
0.3 |
0.2 |
0.1 |
2.0 |
2.4 |
|
Land Usufruct |
- |
- |
- |
0.3 |
0.4 |
|
Usufruct on Donated Assets |
1.0 |
1.0 |
1.1 |
1.2 |
1.2 |
|
Goodwill |
- |
- |
- |
0.0 |
0.1 |
|
Software, Intangible |
- |
- |
- |
1.9 |
1.2 |
|
Membership Rights |
3.2 |
2.2 |
2.3 |
- |
- |
|
Invmt in Properties |
454.3 |
423.1 |
432.2 |
- |
- |
|
Adj. for Non-Current Fincl Instrm |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Property, Plant & Equipment |
- |
0.0 |
0.0 |
- |
- |
|
Adj. for Intangibless |
0.0 |
- |
0.0 |
- |
- |
|
Adj. for Other Non-Current Assets |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Assets |
2,716.1 |
2,276.3 |
2,026.0 |
1,759.3 |
1,473.0 |
|
|
|
|
|
|
|
|
Trade Payable |
112.1 |
99.1 |
75.1 |
163.4 |
112.8 |
|
Other Payable |
31.8 |
38.4 |
36.1 |
53.8 |
46.9 |
|
Advances Receivd |
1.0 |
0.3 |
0.2 |
0.4 |
8.4 |
|
Unearned Income |
- |
0.1 |
0.0 |
0.0 |
- |
|
Lease Advances Received |
- |
- |
- |
0.1 |
0.1 |
|
Withheld |
7.2 |
0.3 |
0.3 |
0.8 |
1.0 |
|
Accrued Expense |
1.9 |
3.6 |
1.4 |
5.4 |
4.6 |
|
Inc Tax Payable |
28.6 |
9.9 |
10.8 |
12.0 |
8.7 |
|
ST Borrowings |
83.7 |
123.3 |
119.0 |
134.9 |
119.2 |
|
Sec Dep Withheld |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Lease Guarantee |
- |
- |
- |
0.1 |
0.1 |
|
Current Portion of Capital Leases |
- |
- |
- |
0.0 |
0.1 |
|
Current Portion of Long-term Liabilities |
- |
- |
- |
18.4 |
32.4 |
|
Guarantee Reserve Liab. |
- |
- |
- |
- |
1.7 |
|
Other Current Liabilities |
- |
- |
- |
0.7 |
0.1 |
|
Derivatives in Current Liabilities |
- |
- |
- |
0.1 |
0.5 |
|
Reserve-Marketing |
- |
- |
- |
1.4 |
1.1 |
|
Adj. for Current Trade & Other Payable |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Fincl Liabilities |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Other Current Liabilities |
0.0 |
- |
0.0 |
- |
- |
|
Total Current Liability |
266.3 |
274.9 |
242.9 |
391.4 |
337.5 |
|
|
|
|
|
|
|
|
Long-term Borrowings |
69.2 |
45.7 |
31.7 |
82.5 |
87.0 |
|
Convertible Bonds |
- |
- |
- |
- |
15.4 |
|
Total Long Term Debt |
69.2 |
45.7 |
31.7 |
82.5 |
102.4 |
|
|
|
|
|
|
|
|
LT Accounts Pay |
- |
- |
- |
0.6 |
0.1 |
|
LT Unearned Income |
- |
- |
0.0 |
- |
- |
|
Rent Deposits |
- |
- |
- |
50.1 |
59.4 |
|
Deferred Tax-Cr |
299.4 |
250.1 |
194.9 |
117.5 |
83.3 |
|
Resv-Group Severance & Retire Benefit |
10.5 |
8.1 |
6.9 |
24.5 |
12.7 |
|
Deposit-Retirement Insurance |
- |
- |
- |
-9.1 |
- |
|
LT Deposit Withheld |
- |
- |
- |
- |
0.4 |
|
Non-Current Prov.s |
1.1 |
1.4 |
1.6 |
1.7 |
- |
|
Minority Int. |
- |
0.0 |
0.0 |
172.6 |
132.8 |
|
Transfer to National Pension Fund |
- |
- |
- |
-0.1 |
- |
|
Other Non-Current Fincl Liabilities |
24.2 |
31.2 |
39.3 |
- |
- |
|
Total Liabilities |
670.7 |
611.4 |
517.4 |
831.6 |
728.6 |
|
|
|
|
|
|
|
|
Voluntary Reserve |
- |
- |
- |
498.8 |
354.0 |
|
Legal Reserve |
- |
- |
- |
4.0 |
3.7 |
|
Other Capital Surplus |
24.5 |
22.7 |
23.0 |
241.7 |
221.2 |
|
Additional Paid in Capital |
1.7 |
1.6 |
1.6 |
1.6 |
1.4 |
|
Capital Stock |
8.6 |
8.0 |
8.1 |
7.9 |
7.3 |
|
Unappropriated Retained Earnings |
- |
- |
- |
123.3 |
110.7 |
|
Overseas Business Trans. Debit/Credit |
-0.1 |
0.4 |
0.2 |
-0.2 |
0.4 |
|
Foreign Currency Translation Debit |
- |
- |
- |
-0.2 |
-2.7 |
|
Treasury Stock |
-16.4 |
-15.2 |
-15.4 |
-18.2 |
-5.4 |
|
Loss-Valu. of Sec. Available for Sale |
- |
- |
- |
13.2 |
1.7 |
|
Capital Change, Equity Method |
27.2 |
21.8 |
16.9 |
57.2 |
52.0 |
|
Other Capital Adjustment |
- |
- |
- |
-0.1 |
-0.1 |
|
Accumulated Other Comprehensive Income |
- |
- |
- |
-1.3 |
0.3 |
|
Retained Earnings |
2,000.7 |
1,624.1 |
1,461.1 |
- |
- |
|
Gain on Valuation of Securities Availabl |
-0.8 |
2.2 |
14.2 |
- |
- |
|
Capital Change, Equity Method (Loss) |
- |
-0.7 |
-1.2 |
- |
- |
|
Adj. for Other Capital Items |
0.0 |
0.0 |
- |
- |
- |
|
Total Equity |
2,045.4 |
1,665.0 |
1,508.6 |
927.7 |
744.4 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholde |
2,716.1 |
2,276.3 |
2,026.0 |
1,759.3 |
1,473.0 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
Total Common Shares Outstandin |
1.7 |
1.7 |
1.7 |
1.7 |
1.7 |
|
T/S-Common Stock |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Accumulated Goodwill Amort. |
- |
- |
- |
0.3 |
13.8 |
|
Accumulated Intangible Amort. |
- |
- |
- |
3.5 |
2.4 |
|
Deferred Revenue, Current |
1.0 |
0.3 |
0.2 |
0.5 |
8.5 |
|
Full-Time Employees |
- |
523 |
496 |
455 |
472 |
|
Number of Common Shareholders |
- |
- |
674 |
- |
881 |
|
Long-Term Debts Due in 1 Year |
- |
- |
- |
18.7 |
32.7 |
|
Long-Term Debts Due in 2 Years |
- |
- |
- |
31.0 |
18.9 |
|
Long-Term Debts Due in 3 Years |
- |
- |
- |
30.3 |
30.7 |
|
Long-Term Debts Due in 4 Years |
- |
- |
- |
6.2 |
28.1 |
|
Long-Term Debts Due in 5 Years |
- |
- |
- |
5.0 |
- |
|
Long-Term Debts Due Remaining |
- |
- |
- |
10.4 |
9.8 |
|
Total Long Term Debt, Supplemental |
- |
- |
- |
101.5 |
120.3 |
|
Capital Lease Due in 1 Year |
- |
- |
- |
0.0 |
0.1 |
|
Capital Lease Due in 3 Year |
- |
- |
- |
- |
0.0 |
|
Total Capital Leases |
- |
- |
- |
0.0 |
0.1 |
|
Operating Lease Due in 1 Year |
- |
- |
- |
0.8 |
1.8 |
|
Operating Lease Due in 3 Year |
- |
- |
- |
- |
0.0 |
|
Operating Lease Due Remaining |
- |
- |
- |
0.0 |
0.0 |
|
Total Operating Leases |
- |
- |
- |
0.9 |
1.9 |
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 |
Updated Normal |
|
Filed Currency |
KRW |
KRW |
KRW |
KRW |
KRW |
|
Exchange Rate
(Period Average) |
1126.848795 |
1107.891393 |
1156.281981 |
1276.385219 |
1100.562842 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income or Loss |
246.2 |
209.4 |
195.8 |
125.6 |
130.5 |
|
Depreciation |
61.7 |
57.6 |
52.6 |
90.2 |
106.1 |
|
Amort. of Intangibless |
0.2 |
0.2 |
0.2 |
1.1 |
0.8 |
|
Retirement and Severance Benefits |
3.0 |
2.6 |
2.0 |
6.8 |
7.9 |
|
Amort-Convertible Right Adjustment |
- |
- |
- |
0.7 |
1.4 |
|
Amortization-Discount on Bond Issuance |
- |
- |
- |
0.1 |
0.0 |
|
Amortization-Present Value Discount |
- |
- |
- |
0.3 |
0.3 |
|
Amort-Bad Debt Exp |
- |
0.4 |
0.0 |
2.1 |
0.2 |
|
Amortization-Rental Assets |
- |
- |
- |
0.0 |
0.1 |
|
Expenses of Allow. for Other DA |
- |
0.4 |
0.0 |
0.0 |
0.0 |
|
Marketing Expense |
- |
- |
- |
0.2 |
0.2 |
|
Sales Guarantee Expense |
- |
- |
- |
1.7 |
- |
|
Corporate Taxes Expense |
65.6 |
64.9 |
41.0 |
- |
- |
|
Interest Income |
-6.0 |
-4.5 |
-4.0 |
- |
- |
|
Interest Expenses |
4.0 |
3.2 |
2.5 |
- |
- |
|
Other Expense |
0.0 |
1.3 |
0.2 |
- |
- |
|
Other Income |
- |
0.0 |
0.0 |
- |
- |
|
Dividend Income |
-0.7 |
-0.3 |
-0.4 |
- |
- |
|
Other Rec. of Expense of Allow. for DA |
0.0 |
- |
- |
- |
- |
|
Loss -Call Redemption of Borrowings |
- |
- |
- |
0.2 |
- |
|
Losses on Foreign Currency Translation |
0.2 |
6.2 |
1.2 |
1.5 |
20.2 |
|
Loss-Foreign Exchange Transaction |
- |
- |
- |
0.5 |
- |
|
Loss-Currency Swap Transaction |
- |
- |
- |
0.1 |
- |
|
Loss-Disposal of Trade Receivable |
0.2 |
0.3 |
0.3 |
0.7 |
1.4 |
|
Loss-Disposal of Inventory |
- |
- |
- |
0.0 |
0.0 |
|
L-Tangible Asst Disp |
0.2 |
0.1 |
0.6 |
0.1 |
0.4 |
|
Loss-Reduction of Investment Assets |
- |
- |
- |
- |
0.2 |
|
Impmt Loss on Intangibless |
- |
0.1 |
- |
- |
- |
|
Loss-Scraping of Inventories |
- |
0.3 |
0.4 |
0.0 |
0.1 |
|
Loss-Depletion of Inventories |
- |
- |
- |
1.1 |
1.1 |
|
Losses on Valt of Inventories |
- |
- |
- |
0.4 |
0.3 |
|
Loss-Valuation of Currency Options |
- |
- |
- |
0.0 |
0.6 |
|
Miscellaneous Loss |
- |
- |
- |
0.2 |
0.0 |
|
Succession to Prov. for Retm&Sevr Benf |
- |
- |
- |
0.1 |
0.0 |
|
Gain-Derivatives Transaction |
- |
- |
- |
-0.1 |
- |
|
Gain-Currency Forwards Transaction |
- |
- |
- |
- |
-0.1 |
|
Gain-Currency Swap Transaction |
- |
- |
- |
-0.5 |
-2.0 |
|
Gains on Foreign Currency Translation |
-1.8 |
-0.3 |
-0.7 |
-2.9 |
-10.6 |
|
Gain-Valuation of Currency Option |
- |
- |
- |
- |
0.0 |
|
G-Tangible Asst Disp |
-0.2 |
0.0 |
-3.2 |
-0.4 |
-2.0 |
|
G-Equity Method Valu |
-171.3 |
-199.5 |
-160.3 |
-86.5 |
-68.2 |
|
Gains on Sale of Equity Method Securitie |
-0.6 |
-2.2 |
-2.1 |
- |
0.0 |
|
Gain-Disposal of Investment Assets |
- |
- |
- |
- |
-0.1 |
|
G-Secs. for Sale Disposal |
-3.5 |
0.0 |
-0.5 |
-0.2 |
-31.9 |
|
Gain-Disposal of Inventory |
- |
- |
- |
0.0 |
-0.1 |
|
Reversal of Doubtful Account |
-0.4 |
-0.1 |
-0.2 |
-0.3 |
-0.2 |
|
Rec. of Losses on Valt of Inventories |
- |
- |
- |
0.0 |
- |
|
Gain-Valu. of ST Marketable Securities |
- |
- |
- |
-0.3 |
- |
|
Gain-Valuation of Currency Swap |
- |
- |
- |
- |
-3.1 |
|
Miscellaneous Gain |
- |
- |
- |
-0.4 |
- |
|
Trade Receivables |
-8.7 |
- |
- |
-19.0 |
32.8 |
|
Account Receivables |
3.1 |
- |
- |
5.0 |
4.5 |
|
Accrued Income |
- |
- |
- |
0.4 |
0.0 |
|
Deferred Taxes-Asset |
- |
- |
- |
1.0 |
-0.5 |
|
Inventory |
-15.8 |
- |
- |
-16.0 |
13.6 |
|
Advance Payments |
-4.6 |
- |
- |
-7.5 |
2.2 |
|
LT Advance Payment |
- |
- |
- |
-0.7 |
- |
|
Prepaid Expenses |
0.4 |
- |
- |
0.1 |
0.2 |
|
Decrease or Increase in Prepaid Value Ad |
- |
- |
- |
-0.8 |
- |
|
Prepaid Taxes |
- |
- |
- |
0.0 |
- |
|
Government Subsidy |
- |
- |
- |
-0.1 |
- |
|
Guarantee Deposit |
- |
- |
- |
-0.7 |
-3.4 |
|
Other Quick Assets |
- |
- |
- |
0.0 |
0.0 |
|
Trade Payable |
9.1 |
- |
- |
15.2 |
-57.6 |
|
Account Payable |
-9.3 |
- |
- |
-2.3 |
-13.5 |
|
Advances Received |
- |
- |
- |
-8.0 |
8.7 |
|
Advance from Customers |
0.8 |
- |
- |
- |
- |
|
Inc-Reserve for Compensation |
- |
- |
- |
-1.7 |
-0.1 |
|
Adv.Rcvd-Leases |
- |
- |
- |
0.0 |
-0.1 |
|
Withholdings |
6.5 |
- |
- |
- |
- |
|
Deposits Withheld |
- |
- |
- |
-0.2 |
-0.7 |
|
Unearned Income |
- |
- |
- |
0.0 |
- |
|
Accrued Expenses |
-2.0 |
- |
- |
0.4 |
0.1 |
|
Accrued Inc Tax |
- |
- |
- |
2.4 |
-14.3 |
|
Currency Forwards, A/L |
- |
- |
- |
- |
0.1 |
|
Other |
-0.1 |
- |
- |
- |
- |
|
Plan Assets |
-1.1 |
- |
- |
- |
- |
|
Other Current Liabilities |
- |
- |
- |
0.1 |
-0.2 |
|
Security Deposits |
- |
- |
- |
0.0 |
-0.1 |
|
LT Security Deposit Withheld |
- |
- |
- |
- |
-0.1 |
|
Deferred Taxes-Liab. |
- |
- |
- |
17.7 |
-0.4 |
|
Lease Guarantee |
- |
- |
- |
-13.0 |
-1.1 |
|
Payment for Retirement Allow. |
-2.3 |
- |
- |
-5.9 |
-5.8 |
|
Retirement Insurance |
- |
- |
- |
0.3 |
-0.2 |
|
Nation Pension Fnd |
- |
- |
- |
0.0 |
0.0 |
|
Government Subsidy, A/L |
- |
- |
- |
- |
-0.5 |
|
Prov. for Sales Guarantee |
-0.5 |
- |
- |
-0.1 |
- |
|
Rental Guarantee Depsits |
-9.0 |
- |
- |
- |
- |
|
Adj. for Non-Cash Items |
0.0 |
0.0 |
0.0 |
- |
- |
|
Adj. for Operating Assets & Liabilities |
0.0 |
- |
- |
- |
- |
|
Adj. for Operating Assets & Liabilities |
- |
-63.4 |
-34.0 |
- |
- |
|
Cash-Interest Received |
4.9 |
4.0 |
3.2 |
- |
- |
|
Cash-Interest Paid |
-3.9 |
-2.8 |
-2.3 |
- |
- |
|
Cash-Dividend Income |
28.1 |
16.6 |
10.2 |
- |
- |
|
Cash-Dividend Paid |
-17.7 |
-8.3 |
-3.7 |
- |
- |
|
Cash-Tax Paid |
-18.1 |
-15.8 |
-11.1 |
- |
- |
|
Cash from Operating Activities |
156.8 |
70.3 |
87.7 |
108.8 |
116.9 |
|
|
|
|
|
|
|
|
Dec-ST Finl Asset |
- |
- |
- |
44.1 |
36.5 |
|
Dec-ST Loans |
- |
- |
- |
0.1 |
2.6 |
|
Dec-Guarantee Dep |
0.1 |
3.7 |
- |
1.4 |
3.6 |
|
Dec-Secs for Sale |
13.5 |
2.3 |
9.9 |
0.3 |
55.2 |
|
Dec-Secs Maturity |
- |
- |
- |
0.0 |
0.0 |
|
Dec-Inv. Secs. Under Equity Method |
- |
- |
- |
8.2 |
0.1 |
|
Dec-LT Finl Asset |
- |
- |
- |
0.4 |
0.7 |
|
Decrease-Derivatives |
- |
- |
- |
3.1 |
1.7 |
|
Disp-Land |
- |
- |
- |
6.0 |
- |
|
Disposal of Building |
- |
- |
- |
1.4 |
0.6 |
|
Disp-Structure |
- |
- |
- |
0.1 |
0.0 |
|
Disp-Machinery |
- |
- |
- |
0.6 |
3.4 |
|
Disp-Vehicles |
- |
- |
- |
0.0 |
0.1 |
|
Disp-Othr Tang.Asset |
- |
- |
- |
0.7 |
0.0 |
|
Proceeds from Sale of Construction in Pr |
- |
- |
- |
- |
0.0 |
|
Increase-Government Subsidy |
- |
- |
- |
0.8 |
0.9 |
|
Inc-ST Finl Asset |
- |
- |
- |
-43.3 |
-39.2 |
|
Inc-ST Loans |
- |
- |
- |
-0.1 |
-0.2 |
|
Increase-LT Loans |
- |
- |
- |
-0.5 |
- |
|
Inc-Secs for Sale |
- |
-2.3 |
-4.8 |
-2.8 |
-12.6 |
|
Purchase of Invmt in Affiliates |
-17.8 |
-10.0 |
-17.6 |
- |
- |
|
Inc-LT Finl Asset |
- |
- |
- |
-0.2 |
-0.3 |
|
Increase in Guarantee Deposit |
-0.9 |
-3.9 |
-0.1 |
-0.2 |
-0.4 |
|
Purchase of Derivatives Assets |
- |
- |
- |
-0.5 |
- |
|
Increase-Other Investment Assets |
- |
- |
- |
-0.2 |
- |
|
Increase-Other Current Assets |
- |
- |
- |
-1.4 |
0.0 |
|
Purchase of Land |
- |
- |
- |
-0.2 |
-0.4 |
|
Purchase of Buildings |
- |
- |
- |
-0.5 |
-1.0 |
|
Acq-Building Parts |
- |
- |
- |
-0.6 |
- |
|
Purchase of Structures |
- |
- |
- |
-0.9 |
-2.5 |
|
Purchase of Machinery |
- |
- |
- |
-29.6 |
-24.1 |
|
Purchase of Vehicles |
- |
- |
- |
-0.8 |
-0.7 |
|
Acq-Other Tang.Asset |
- |
- |
- |
-7.3 |
-7.7 |
|
Purchase of Construction in Progress |
- |
- |
- |
-79.2 |
-73.5 |
|
Purchase of Other Intangibless |
- |
- |
- |
-0.8 |
-2.8 |
|
Increase-Usufruct of Donated Assets |
- |
- |
- |
- |
-0.6 |
|
Purchase of Computer Software |
- |
- |
- |
-0.3 |
- |
|
Purchase of Industrial Property Rights |
- |
- |
- |
0.0 |
0.0 |
|
Disposal of Financial Instruments |
0.6 |
1,586.6 |
1,620.3 |
- |
- |
|
Disposal of Property, Plant and Equipmen |
0.2 |
0.1 |
12.5 |
- |
- |
|
Decrease in Loans |
10.4 |
1.1 |
- |
- |
- |
|
Purchase of Fincl Instruments |
-86.0 |
-1,531.7 |
-1,673.3 |
- |
- |
|
Purchase of Tangibles |
-112.3 |
-125.8 |
-59.0 |
- |
- |
|
Purchase of Intangibless |
-0.8 |
- |
-0.2 |
- |
- |
|
Increase in Loans |
- |
-11.6 |
- |
- |
- |
|
Purchase of Other Non-CurrentAssets |
- |
- |
0.0 |
- |
- |
|
Cash from Investing Activities |
-193.0 |
-91.6 |
-112.3 |
-102.0 |
-60.7 |
|
|
|
|
|
|
|
|
Inc-Rental Deposit |
- |
- |
- |
0.0 |
0.2 |
|
Inc-ST Borrowings |
67.4 |
126.6 |
113.0 |
178.5 |
472.7 |
|
Inc-LT Borrowing |
25.8 |
21.8 |
2.9 |
11.3 |
9.5 |
|
Capital Increase |
- |
- |
- |
14.6 |
- |
|
Decrease in Treasury Stocks |
- |
- |
7.4 |
- |
- |
|
Decrease in Current Borrowings |
-113.6 |
-113.3 |
-80.3 |
-172.4 |
-443.3 |
|
Decs in Current Portion of LT Borrowings |
-6.7 |
-5.7 |
-7.9 |
-27.6 |
-34.0 |
|
Decrease in Non-Current Borrowings |
- |
- |
0.0 |
-6.4 |
-5.2 |
|
Decrease-Convertible Bond |
- |
- |
- |
-16.2 |
- |
|
Dec-LT Rent Guarantee |
- |
- |
- |
-0.5 |
-0.5 |
|
Decrease-Capital Lease |
- |
- |
- |
-0.1 |
-0.1 |
|
Acq-Treasury Stock |
- |
- |
- |
-11.3 |
- |
|
Payment-Dividends |
- |
- |
- |
-4.0 |
-3.9 |
|
Purchase of Equity Method Sec. |
- |
- |
- |
-0.5 |
-6.4 |
|
Change-Foreign Currency Translation |
- |
- |
- |
-0.3 |
1.7 |
|
Cash from Financing Activities |
-27.0 |
29.3 |
35.1 |
-34.7 |
-9.1 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.5 |
-0.1 |
0.4 |
- |
- |
|
Incs or Decs in Cash & Cash Equivalents |
-63.6 |
7.9 |
10.8 |
-27.9 |
47.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
104.1 |
97.9 |
83.0 |
120.0 |
92.0 |
|
Net Cash - Ending Balance |
40.5 |
105.9 |
93.8 |
92.1 |
139.1 |
|
Cash Interest Paid |
3.9 |
2.8 |
2.3 |
- |
- |
|
Cash Taxes Paid |
18.1 |
15.8 |
11.1 |
- |
- |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.84.32 |
|
Euro |
1 |
Rs.70.99 |
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.