Financial Information

Financial Indicators

(Unit: KRW Million, %)
Category		Current Qtr	Previous Qtr	Amount Increased compared to prev. qtr (Rate)	Amount in the same qtr. last year	Amount Increased compared to the same qtr. last year (Rate)
Category		(2020.3Q)	(2020.2Q)	Amount Increased compared to prev. qtr (Rate)	(2019.3Q)	Amount Increased compared to the same qtr. last year (Rate)
Revenue	Current year	63,698	47,009	16,689	64,959	-1,261
	Current year	63,698	47,009	(35.5%)	64,959	(-1.9%)
	Total sum	165,209	-	-	195,298	-30,090
	Total sum	165,209	-	-	195,298	(-15.4%)
Operating Profit	Current year	9,630	1,981	7,649	10,297	-668
	Current year	9,630	1,981	(386.2%)	10,297	(-6.5%)
	Total sum	17,926	-	-	32,254	-14,328
	Total sum	17,926	-	-	32,254	(-44.4%)
Profit before Income Tax	Current year	8,071	1,767	6,305	13,050	-4,979
	Current year	8,071	1,767	(356.9%)	13,050	(-38.2%)
	Total sum	16,827	-	-	40,990	-24,163
	Total sum	16,827	-	-	40,990	(-58.9%)
Net Profit	Current year	6,533	752	5,781	8,206	-1,673
	Current year	6,533	752	(769.1%)	8,206	(-20.4%)
	Total sum	11,092	-	-	29,903	-18,811
	Total sum	11,092	-	-	29,903	(-62.9%)
Net profit of owners share of controlled entity	Current year	5,629	348	5,281	8,349	-2,720
	Current year	5,629	348	(1518.8%)	8,349	(-32.6%)
	Total sum	10,200	-	-	29,903	-19,703
	Total sum	10,200	-	-	29,903	(-65.9%)

* 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	3Q 2019 (total sum)	3Q 2020 (total sum)
Revenue	178,561	218,809	234,393	271,703	195,298	165,209
Operating Profit	29,851	39,075	39,355	42,869	32,254	17,926

* Rayence Co., Ltd. was a consolidation company until 2016, but was excluded from consolidation in early 2017.

Statements of Income
Statements of Financial Position
Consolidated Statements of Changes In Equity
Statements of Cash Flows

Consolidated Statements of Comprehensive Income

29th 3Q year 2020.01.01 to 2020.09.30
28th 3Q year 2019.01.01 to 2019.09.30

(Unit: KRW)
Category	29th 3Q year		28th 3Q year
Category	3 months	Total Sum	3 months	Total Sum
Revenue	63,698,421,951	165,208,559,669	64,958,947,330	195,298,286,846
Cost of sales	34,016,613,119	88,585,170,676	34,300,420,705	103,327,019,061
Gross profit	29,681,808,832	76,623,388,993	30,658,526,625	91,971,267,785
Selling and administrative expenses	20,052,301,434	58,697,470,801	20,361,162,377	59,717,549,262
Operating profit (loss)	9,629,507,398	17,925,918,192	10,297,364,248	32,253,718,523
Other non-operating income	1,450,146,957	9,392,719,654	3,735,196,466	10,312,804,313
Other non-operating expense	2,704,462,787	12,184,917,557	2,494,887,006	5,396,293,391
Equity method profit (loss)	-348,379,004	975,158,923	1,475,360,553	3,864,131,381
Financial income	473,662,966	1,909,414,339	552,365,571	1,637,340,472
Financial expense	429,442,827	1,190,931,555	515,730,984	1,681,287,062
Profit before income tax (loss)	8,071,032,703	16,827,361,996	13,049,668,848	40,990,414,236
Income tax expense	1,538,045,884	5,735,386,826	4,123,029,380	11,087,688,576
Net profit (loss)	6,532,986,819	11,091,975,170	8,926,639,468	29,902,725,660
Attributable profit (loss)
Profit (loss) attributable to owners of the parent company	5,629,098,784	10,200,135,289	8,348,649,155	29,117,138,704
Profit (loss) attributable to non-controlling interests	903,888,035	891,839,881	577,990,313	785,586,956
Other comprehensive income (loss)	-239,140,182	1,488,673,378	390,918,573	698,905,060
Items that may be reclassified to profit or loss subsequently:	88,740,776	1,813,565,692	390,918,573	698,905,060
Foreign currency translation, net of tax	54,886,663	1,761,164,114	403,571,992	715,764,323
Change of Capital Surplus by the Equity Method	33,854,113	52,401,578	-12,653,419	-16,859,263
Items that will not be reclassified subsequently to profit or loss:	-327,880,958	-324,892,314	0	0
Change of Capital Surplus by the Equity Method	-327,880,958	-324,892,314	0	0
Total comprehensive income (loss)	6,293,846,637	12,580,648,548	9,317,558,041	30,601,630,720
Comprehensive income attributable to:
Owners of the parent company	5,456,349,495	11,582,662,527	8,644,796,408	29,570,362,544
Non-controlling interests	837,497,142	997,986,021	672,761,633	1,031,268,176
Earnings per share
Basic earnings per share (in KRW)	379	687	562	1,960

Consolidated Statements of Financial Position

29th: As of September 30, 2020
28th: As of 31 December 2019

(Unit: KRW)
	29th 3Q	28th
Assets
Current assets	180,666,745,269	187,276,429,885
Cash and cash equivalents	61,850,469,120	41,546,856,295
Short-term financial instruments	13,303,824,908	11,151,412,368
Trade receivables	44,615,427,538	61,626,716,403
Other receivables	1,911,098,302	1,608,318,106
Inventories	53,537,678,060	66,703,068,058
Current income tax asset	362,970,117	19,333,201
Derivatives assets	243,971,040	604,583,440
Refund liabilities	602,787,551	697,939,775
Other current assets	4,238,518,633	3,318,202,239
Non-Current Assets	196,129,120,767	199,710,871,473
Long-term financial instruments	656,073,378	583,329,015
Other receivables	4,895,611,745	4,963,647,654
Investment in associates	97,599,295,846	97,428,684,159
Tangible assets	66,299,292,158	66,741,332,627
Investments in real estate	9,074,024,239	9,219,002,345
Property (Lease) liabilities	7,198,812,895	7,804,694,604
Refund liabilities	448,577,795	866,434,994
Total Assets	376,795,866,036	386,987,301,358
Liabilities
Current Liabilities	68,182,917,554	85,946,121,963
Trade payables	29,818,285,787	40,822,147,979
Other payables	10,973,744,523	12,721,330,129
Short-term borrowings	5,946,014,390	3,443,419,752
Current income tax liabilities	3,845,471,724	8,553,206,084
Financial liabilities	447,728,164	417,087,963
Derivatives liabilities	73,678,667	32,833,529
Other current liabilities	10,792,102,282	13,147,689,138
Lease liabilities	2,684,502,339	2,963,000,080
Advances received	858,302,771	959,417,042
Refund liabilities	1,340,523,393	1,804,823,028
Provisions	1,402,563,514	1,081,167,239
Non-Current liabilities	45,146,768,436	47,280,660,297
Long-term borrowings	21,732,484,288	24,448,568,572
Advances received	8,013,954,149	6,566,420,321
Refund liabilities	318,098,658	647,181,435
Severance payment	4,557,862,002	4,134,597,718
Provisions	2,597,007,974	2,674,277,259
Other payables	1,664,641,559	1,581,851,461
Other non-current liabilities	76,523,698	-
Lease liabilities	4,452,669,261	4,758,362,602
Deferred income tax liabilities	1,733,526,847	2,469,400,929
Total liabilities	113,329,685,990	133,226,782,260
Equity
Equity attributable to owners of the parent company	258,262,530,079	248,509,203,676
Ordinary shares	7,427,128,000	7,427,128,000
Share premium	23,473,877,356	23,473,877,356
Unappropriated earned surplus (deficit)	243,900,172,239	235,185,462,550
Accumulated other comprehensive income	2,402,595,033	695,175,481
Retained earnings	-18,941,242,549	-18,272,439,711
Non-controlling interest	5,203,649,967	5,251,315,422
Total equity	263,466,180,046	253,760,519,098
Total liabilities and equity	376,795,866,036	386,987,301,358

Consolidated Statements of Changes In Equity

29th 3Q year 2020.01.01 to 2020.09.30
28th 3Q year 2019.01.01 to 2019.09.30

(Unit: KRW)
	Equity
	Equity attributable to owners of the parent company						Non-controlling interest	Total equity
	Capital	Capital surplus	Earned surplus	Other comprehensive income	Other capital components	Total equity attributable to owners of the parent company	Non-controlling interest	Total equity
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
Net profit (loss)			29,117,138,704			29,117,138,704	785,586,956	29,902,725,660
Other comprehensive income (loss)				470,083,103		470,083,103	245,681,220	715,764,323
Changes in equity method				-16,859,263		-16,859,263		-16,859,263
Dividends paid			-1,485,425,600			-1,485,425,600	-1,233,864,000	-2,719,289,600
Capital transaction under common control /Changes in non-controlling interests					-2,682,024,814	-2,682,024,814	91,076,283	-2,590,948,531
2019.09.30 (End of the period)	7,427,128,000	23,473,877,356	230,871,146,263	1,043,082,750	-18,288,043,629	244,527,190,740	4,457,755,221	248,984,945,961
2020.01.01 (Beginning of the 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
Net profit (loss)			10,200,135,289			10,200,135,289	891,839,881	11,091,975,170
Other comprehensive income (loss)				1,655,017,974		1,655,017,974	106,146,140	1,761,164,114
Changes in equity method				52,401,578	-324,892,314	-272,490,736		-272,490,736
Dividends paid			-1,485,425,600			-1,485,425,600	-1,393,728,000	-2,879,153,600
Capital transaction under common control /Changes in non-controlling interests					-343,910,524	-343,910,524	348,076,524	4,166,000
2020.06.30 (End of the period)	7,427,128,000	23,473,877,356	243,900,172,239	2,402,595,033/td>	-18,941,242,549	258,262,530,079	5,203,649,967	263,466,180,046

Statements of Cash Flows

29th half year 2020.01.01 to 2020.06.30
28th half year 2019.01.01 to 2019.06.30

(Unit: KRW)
Category	29th 3Q	28th 3Q
Cash flows from operating activities	28,201,451,223	27,315,538,754
Cash flow generated from operations	40,609,909,672	40,272,517,076
Interest received	267,083,083	299,297,859
Interest paid	-1,208,483,548	-1,182,214,917
Income tax paid (return)	-11,467,057,984	-12,074,061,264
Cash flows from financing activities	-5,328,498,015	-8,368,315,192
Disposal of tangible assets	236,127,696	59,768,018
Disposal of intangible assets	1,849,568,195	157,980,045
Cash inflow from futures contracts, option contracts, swaps		129,990,420
Disposal of short-term loans and receivables	28,992,888
Dividends received	476,482,300	476,482,300
Disposal of short-term financial instruments		95,119,394
Cash flow from business combinations with associates and other ventures		-2,931,869,446
Decrease in lease deposit	443,186,980
Disposal of long-term loans and receivables	92,762,922
Acquisition of short-term financial instruments	-2,152,412,540
Acquisition of long-term financial instruments	-69,620,000	-136,330,000
Cash outflow from futures contracts, option contracts, swaps	-31,540,000	-871,740,420
Acquisition of tangible assets	-3,800,854,646	-2,944,332,999
Acquisition of intangible assets	-2,065,191,810	-2,083,487,184
Disposal of long-term loans and receivables	-345,000,000
Acquisition of short-term loans and receivables		-319,895,320
Cash flows from financing activities	-4,193,707,614	-21,103,661,178
Borrowings	3,651,397,336	786,967,621
Repayment of borrowings	4,166,000
Financial lease liabilities	-3,859,968,738	-17,129,782,326
Dividends paid	-2,503,876,612	-2,041,556,873
Net increase (decrease) in cash and cash equivalents before applying the effect of exchange rate	18,679,245,594	-2,156,437,616
Effect of exchange rate changes on cash and cash equivalents	1,624,367,231	317,095,669
Net increase (decrease) in cash and cash equivalents	20,303,612,825	-1,839,341,947
Beginning of the period	41,546,856,295	36,601,483,129
End of the period	61,850,469,120	34,762,141,182

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