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Financial Indicators

(Unit: KRW Million, %)

Category(Unit : KRW Million, %) Current Qtr Previous Qtr QoQ
(Rate)
Amount in the same Qtr. Last year YoY
(Rate)
(2020.4Q) (2020.3Q) (2019.4Q)
Revenue Current year 79,104 63,698 15,405 76,405 2,699
(24.2%) (3.5%)
Total sum 244,312 - - 271,703 -27,391
(-10.1%)
Operating Profit Current year 13,655 9,630 4,025 10,615 3,040
(41.8%) (28.6%)
Total sum 31,581 - - 42,869 -11,288
(-26.3%)
Profit before Income Tax Current year 40,523 8,071 -48,594 7,182 -47,705
(-602.1%) (-664.2%)
Total sum 23,695 - - 48,173 -71,868
(-149.2%)
Net Profit Current year 32,889 6,533 -39,422 5,687 -38,576
(-603.4%) (-678.3%)
Total sum 21,797 - - 35,590 -57,387
(-161.2%)
Net profit of owners share of controlled entity Current year 34,420 5,629 -40,049 4,765 -39,184
(-711.5%) (-822.4%)
Total sum 24,219 - - 33,882 -58,101
(-171.5%)

* This is a tentative consolidated statement in accordance with the Korean International Financial Reporting Standards (K-IFRS).

Revenue and Operating Profit

(Unit: KRW Million)

Category 2016 2017 2018 2019 2020
Revenue 178,561 218,809 234,393 271,703 244,312
Operating Profit 29,851 39,075 39,355 42,869 31,581
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* Rayence Co., Ltd. was a consolidation company until 2016, but was excluded from consolidation in early 2017.

Consolidated Statements of Comprehensive Income

29th 2020.01.01 to 2020.12.31
28th 2019.01.01 to 2019.12.31

(Unit: KRW)

Category 29th 28th
Revenue 244,312,064,396 271,702,910,386
Cost of sales 130,878,638,726 144,015,091,744
Gross profit 113,433,425,670 127,687,818,642
Selling and administrative expenses 81,852,633,560 84,819,092,229
Operating income(loss) 31,580,792,110 42,868,726,413
Other gains 11,342,596,726 11,672,827,245
Other losses 64,554,692,284 9,450,829,116
Profits of associates and joint ventures accounted for using equity method -1,409,004,153 3,707,204,634
Financial income 2,118,124,722 1,912,448,271
Finance costs 2,773,027,239 2,537,741,419
Profit (loss) before tax -23,695,210,118 48,172,636,028
Income tax expense -1,898,367,740 12,582,701,719
Profit (loss) -21,796,842,378 35,589,934,309
Profit (loss), attributable to    
Profit (loss), attributable to owners of parent -24,219,380,590 33,881,714,765
Profit (loss), attributable to non-controlling interests 2,422,538,212 1,708,219,544
Other comprehensive income -220,366,687 -266,134,450
Other comprehensive income that will be reclassified to profit or loss, net of tax 587,573,769 221,925,404
Gains (losses) on exchange differences on translation, net of tax 477,455,360 355,683,615
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax 110,118,409 -133,758,211
Other comprehensive income that will not be reclassified to profit or loss, net of tax -807,940,456 -488,059,854
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans -286,688,823 -450,259,774
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be reclassified to profit or loss, net of tax -521,251,633 -37,800,080
Total comprehensive income -22,017,209,065 35,323,799,859
Comprehensive income attributable to    
Comprehensive income, attributable to owners of parent -24,120,741,945 33,498,971,482
Comprehensive income, attributable to non-controlling interests 2,103,532,880 1,824,828,377
Earnings per share    
Basic earnings (loss) per share (Unit : KRW) -1,630 2,281

Consolidated Statements of Financial Position

29th 2020.01.01 to 2020.12.31
28th 2019.01.01 to 2019.12.31

(Unit: KRW)

29th 28th
Assets
 Current assets 197,585,252,794 187,276,429,885
  Cash and cash equivalents 77,668,832,541 41,546,856,295
  Short-term deposits not classified as cash equivalents 13,292,000,000 11,151,412,368
  Short-term trade Receivable 47,053,496,748 61,626,716,403
  Other Receivables 2,007,315,790 1,608,318,106
  Inventories 52,700,070,339 66,703,068,058
  Current tax assets 277,484,605 19,333,201
  Current derivative asset 228,175,666 604,583,440
  Current firm commitment asset 631,875,474 697,939,775
  Other current assets 3,726,001,631 3,318,202,239
 Non-Current Assets 156,285,413,968 199,710,871,473
  Long-term deposits not classified as cash equivalents 719,851,044 583,329,015
  Long-term trade receivables, gross 4,637,691,075 0
  Other Non-Current Receivables 2,056,214,812 3,109,118,846
  Investments in associates 52,174,811,850 97,428,684,159
  Property, plant and equipment 62,832,136,456 66,741,332,627
  Goodwill, gross 0 941,387,172
  Intangible assets other than goodwill 6,543,226,954 11,162,358,903
  Investment property 12,256,162,840 9,219,002,345
  Right-of-use assets 6,138,291,242 7,804,694,604
  Non-current firm commitment asset 476,740,330 866,434,994
  Deferred tax assets 8,159,143,736 0
  Other non-current assets 291,143,629 1,854,528,808
Total Assets 353,870,666,762 386,987,301,358
Liabilities
 Current Liabilities 83,781,755,215 85,946,121,963
  Short-term trade Payables 41,646,605,387 40,822,147,979
  Other payables 12,564,547,540 12,721,330,129
 Short-term borrowings 5,195,659,273 3,443,419,752
  Current tax liabilities 5,133,904,459 8,553,206,084
  Current financial guarantee liabilities 370,962,022 417,087,963
  Current derivative liabilities 6,651,783 32,833,529
  Other current liabilities 1,489,886,784 13,147,689,138
  Current lease liabilities 2,625,337,168 2,963,000,080
  Current contract liabilities 11,148,995,401 959,417,042
  Current firm commitment liabilities 1,432,613,886 1,804,823,028
  Current provisions 2,166,591,512 1,081,167,239
 Non-Current liabilities 41,220,536,789 47,280,660,297
  Long-term borrowings, gross 20,827,122,860 24,448,568,572
  Non-current contract liabilities 8,175,046,207 6,566,420,321
  Non-current firm commitment liabilities 302,269,098 647,181,435
  Post-employment benefit obligations 3,847,281,573 4,134,597,718
  Non-current provisions 2,594,352,319 2,674,277,259
  Other Non-Current Payables 1,830,569,384 1,581,851,461
  Other non-current liabilities 72,753,158 -
  Non-current lease liabilities 3,571,142,190 4,758,362,602
  Deferred tax liabilities 0 2,469,400,929
 Total liabilities 125,002,292,004 133,226,782,260
Equity
 Equity attributable to owners of parent 222,507,467,155 248,509,203,676
  Issued capital of common stock 7,427,128,000 7,427,128,000
  Share premium 23,473,877,356 23,473,877,356
  Retained earnings before appropriations(accumulated deficit before disposition) 209,193,967,537 235,185,462,550
  Other Comprehensive income/loss accumulated amount 1,601,754,582 695,175,481
  Other capital surplus -19,189,260,320 -18,272,439,711
 Non-controlling interests 6,360,907,603 5,251,315,422
 Total equity 228,868,374,758 253,760,519,098
Total equity and liabilities 353,870,666,762 386,987,301,358

Consolidated Statements of Changes In Equity

29th 2020.01.01 to 2020.12.31
28th 2019.01.01 to 2019.12.31

(Unit: KRW)

  Equity
Equity attributable to owners of parent Non-controlling interest Total  equity
Issued capital Capital surplus Retained earnings Other Comprehensive income/
loss accumulated amount
Elements of other stockholders equity Total of Equity attributable to owners of parent
2019.01.01 (Beginning of the period) 7,427,128,000 23,473,877,356 203,239,433,159 589,858,910 -15,606,018,815 219,124,278,610 4,569,274,762 223,693,553,372
Increase (decrease) through changes in accounting policies
Profit (loss) 33,881,714,765 33,881,714,765 1,708,219,544 35,589,934,309
Other comprehensive income -450,259,774 239,074,782 -211,184,992 116,608,833 -94,576,159
Changes in Affiliates' equity -133,758,211 -37,800,080 -171,558,291 -171,558,291
Dividends paid -1,485,425,600 -1,485,425,600 -1,233,864,000 -2,719,289,600
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control -2,628,620,816 -2,628,620,816 91,076,283 -2,537,544,533
2019.12.31 (Equity at end of period) 7,427,128,000 23,473,877,356 235,185,462,550 695,175,481 -18,272,439,711 248,509,203,676 5,251,315,422 253,760,519,098
2020.01.01 (Equity at beginning of period) 7,427,128,000 23,473,877,356 235,185,462,550 695,175,481 -18,272,439,711 248,509,203,676 5,251,315,422 253,760,519,098
Increase (decrease) through changes in accounting policies
Profit (loss) -24,219,380,590 -24,219,380,590 2,422,538,212 -21,796,842,378
Other comprehensive income -286,688,823 796,460,692 509,771,869 -319,005,332 190,766,537
Changes in Affiliates' equity 110,118,409 -521,251,633 -411,133,224 -411,133,224
Dividends paid -1,485,425,600 -1,485,425,600 -1,393,728,000 -2,879,153,600
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control -395,568,976 -395,568,976 399,787,301 4,218,325
2020.12.31 (Equity at end of period) 7,427,128,000 23,473,877,356 209,193,967,537 1,601,754,582 -19,189,260,320 222,507,467,155 6,360,907,603 228,868,374,758

Statements of Cash Flows

29th 2020.01.01 to 2020.12.31
28th 2019.01.01 to 2019.12.31

(Unit: KRW)

Category 29th 28th
Cash flows from operating activities 51,138,074,505 40,674,798,195
  Cash Generated from Operation Activity 64,037,971,092 51,615,384,931
 Interest received 451,928,174 594,191,627
 Interest paid -1,112,816,822 -520,775,378
  Income taxes paid (refund) -12,239,007,939 -11,014,002,985
Cash flows from (used in) investing activities -6,472,274,785 -10,342,925,920
  Proceeds from sales of property, plant and equipment 390,963,607 151,040,514
  Proceeds from sales of intangible assets 1,849,542,875 245,646,072
  Cash receipts from future contracts, forward contracts, option contracts and swap contracts 279,260,000 227,590,420
   Proceeds from sales of short-term loans and receivables 32,695,456 14,570,579
 Dividends received 476,482,300 476,482,300
   Proceeds from sales of short term Financial Instruments 95,119,394
 Cash flow from business combinations with associates and other ventures 30,756,902 759,630,757
  Proceeds from sales of long-term financial instruments 0 43,812,500
  Cash flows used in obtaining control of subsidiaries or other businesses 0 -2,931,869,446
  Decrease in guarantee deposits 694,358,254 0
  Proceeds from sales of long-term loans and receivables 173,663,551 0
  Purchase of short term Financial Instruments -2,041,344,534 0
  Purchase of long-term financial instruments -269,430,000 0
  Cash payments for future contracts, forward contracts, option contracts and swap contracts 0 -935,340,420
  Purchase of property, plant and equipment -5,038,749,777 -4,999,554,151
  Purchase of intangible assets -2,615,248,614 -3,101,432,682
   Purchase of long-term loans and receivables -430,000,000 -293,502,363
   Purchase of short-term loans and receivables -5,224,805 0
Cash flows from (used in) financing activities -7,912,190,573 -25,270,678,543
  Proceeds from borrowings 3,774,923,109 1,086,529,583
  Proceeds from changes in ownership interests in subsidiaries 4,218,325 0
  Repayments of borrowings -5,609,292,095 -20,985,137,559
  Payments of finance lease liabilities -3,202,886,312 -2,652,780,967
 Dividends paid -2,879,153,600 -2,719,289,600
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 36,753,609,147 5,061,193,732
Effect of exchange rate changes on cash and cash equivalents -631,632,901 -115,820,566
Net increase (decrease) in cash and cash equivalents 36,121,976,246 4,945,373,166
Cash and cash equivalents at beginning of period 41,546,856,295 36,601,483,129
Cash and cash equivalents at end of period 77,668,832,541 41,546,856,295
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