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Financial Indicators

(Unit: KRW Million, %)

Category(Unit : KRW Million, %) Current Quarter Previous Quarter QoQ
(%)
Previous Year YoY
(%)
(2021.4Q) (2021.3Q) (2020.4Q)
Revenue 3 Months 95,829 83,189 12,640
79,104 16,726
(15.2%) (21.1%)
12 Months 338,980 - - 244,312 94,668
(38.7%)
Operating Profit 3 Months 14,728 17,802 -3,074 13,655 1,073
(-17.3%) (7.9%)
12 Months 65,531 - - 31,581 33,950
(107.5%)
Profit before Income Tax 3 Months 14,184 23,003 -8,819 -40,523 54,706
(-38.3%) (-135.0%)
12 Months 74,234 - - -23,695 97,930
(-413.3%)
Net Profit 3 Months 7,564 19,137 -11,574 -32,889 40,453
(-60.5%) (-123.0%)
12 Months 55,388 - - -21,797 77,185
(-354.1%)
Net Profit (loss),attributable to owners of parent 3 Months 7,895 17,347 -9,452 -34,420 42,314
(-54.5%) (-122.9%)
12 Months 51,235 - - -24,219 75,455
(-311.5%)

* 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 2021
Revenue 178,561 218,809 234,393 271,703 244,312 338,980
Operating Profit 29,851 39,075 39,355 42,869 31,581 65,531
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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

FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020

(Unit: KRW)

Category FY 2021 FY 2020
Revenue(Sales) 338,980,362,249 244,312,064,396
Cost of sales 173,384,426,956 130,878,638,726
Gross profit 165,595,935,293 113,433,425,670
Selling general administrative expenses 100,064,778,494 81,852,633,560
Operating income(loss) 65,531,156,799 31,580,792,110
Other gains 10,769,258,138 11,342,596,726
Other losses 8,998,611,942 64,554,692,284
Profits of associates and joint ventures accounted
for using equity method
3,879,624,099 (1,409,004,153)
Finance income 4,307,827,831 2,118,124,722
Finance costs 1,254,899,430 2,773,027,239
Profit (loss) before tax 74,234,355,495 (23,695,210,118)
Income tax expense 18,846,656,127 (1,898,367,740)
Profit (loss) 55,387,699,368 (21,796,842,378)
Profit (loss), attributable to    
Profit (loss), attributable to owners of parent 51,235,371,440 (24,219,380,590)
Profit (loss), attributable to non-controlling interests 4,152,327,928 2,422,538,212
Other comprehensive income 1,785,443,111 (220,366,687)
Other comprehensive income that will not be reclassified
to profit or loss, net of tax
2,155,228,450 587,573,769
Gains (losses) on exchange differences on translation,
net of tax
2,281,920,965 477,455,360
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
(126,692,515) 110,118,409
Other comprehensive income that will be reclassified
to profit or loss, net of tax
(369,785,339) (807,940,456)
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
0 (521,251,633)
Total comprehensive income 57,173,142,479 (22,017,209,065)
Comprehensive income attributable to    
Comprehensive income, attributable to owners of parent 52,201,172,043 (24,120,741,945)
Comprehensive income, attributable to non-controlling interests 4,971,970,436 2,103,532,880
Earnings per share    
Basic earnings (loss) per share (Unit : KRW) 3,449 (1,630)

Consolidated Statements of Financial Position

FY 2021 12/31/2021 Current
FY 2020 12/31/2020 Current

(Unit: KRW)

FY 2021 FY 2020
Assets
 Current assets 246,374,312,230 197,585,252,794
  Cash and cash equivalents 86,167,956,271 77,668,832,541
  Short-term deposits not classified as cash equivalents 18,960,018,433 13,292,000,000
  Short-term trade Receivable 55,320,299,080 47,053,496,748
  Other Receivables 1,366,500,338 2,007,315,790
  Inventories 77,626,377,018 52,700,070,339
  Current tax assets 1,013,783,391 277,484,605
  Current derivative asset 79,911,998 228,175,666
  Current firm commitment asset 637,654,434 631,875,474
  Other current assets 5,201,811,267 3,726,001,631
 Non-current assets 173,601,865,748 156,285,413,968
  Long-term deposits not classified as cash equivalents 5,072,846,684 719,851,044
  Long-term trade receivables, gross 7,044,453,110 4,637,691,075
  Other Non-Current Receivables 2,057,799,252 2,056,214,812
  Investments in associates 57,433,821,095 52,174,811,850
  Property, plant and equipment 72,065,550,894 62,832,136,456
  Intangible assets other than goodwill 2,664,726,640 6,543,226,954
  Investment property 8,728,085,966 12,256,162,840
  Right-of-use assets 5,866,150,978 6,138,291,242
  Non-current firm commitment asset 525,912,953 476,740,330
  Deferred tax assets 11,204,909,036 8,159,143,736
  Other non-current assets 937,609,140 291,143,629
Total assets 419,976,177,978 353,870,666,762
Liabilities
 Current liabilities 97,321,435,275 83,781,755,215
  Short-term trade Payables 41,518,283,029 41,646,605,387
  Other Payables 17,121,648,973 12,564,547,540
  Short-term borrowings 2,559,151,237 5,195,659,273
  Current tax liabilities 14,630,260,754 5,133,904,459
  Current financial guarantee liabilities 344,950,010 370,962,022
  Current derivative liabilities 522,249,971 6,651,783
  Other current liabilities 2,182,962,400 1,489,886,784
  Current lease liabilities 2,882,642,524 2,625,337,168
  Current contract liabilities 10,680,902,410 11,148,995,401
  Current firm commitment liabilities 1,387,160,060 1,432,613,886
  Current provisions 3,491,223,907 2,166,591,512
 Non-current liabilities 38,098,651,066 41,220,536,789
  Long-term borrowings, gross 12,983,514,288 20,827,122,860
  Non-current contract liabilities 12,226,567,703 8,175,046,207
  Non-current firm commitment liabilities 422,095,104 302,269,098
  Post-employment benefit obligations 3,585,459,505 3,847,281,573
  Non-current provisions 3,702,339,349 2,594,352,319
  Other Non-Current Payables 2,020,506,400 1,830,569,384
  Other non-current liabilities 59,812,308 72,753,158
  Non-current lease liabilities 3,098,356,409 3,571,142,190
Deferred tax liabilities 0 0
 Total liabilities 135,420,086,341 125,002,292,004
Equity
 Equity attributable to owners of parent 273,223,213,598 222,507,467,155
  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) 258,574,128,038 209,193,967,537
  Other Comprehensive income/loss accumulated amount 2,937,340,524 1,601,754,582
  Other capital surplus (19,189,260,320) (19,189,260,320)
 Non-controlling interests 11,332,878,039 6,360,907,603
 Total equity 284,556,091,637 228,868,374,758
Total equity and liabilities 419,976,177,978 353,870,666,762

Consolidated Statements of Changes In Equity

FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020

(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
2020.01.01 (Equity at beginning of 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
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)
2020.09.30 (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
2021.01.01 (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
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) (1,393,728,000) (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
2021.09.30 (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

FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020

(Unit: KRW)

Category FY 2021 FY 2020
Cash flows from (used in) operating activities 44,132,726,967 51,138,074,505
Cash Generated from Operation Activity 57,015,361,977 64,037,971,092
 Interest received 521,685,118 451,928,174
 Interest paid (409,677,936) (1,112,816,822)
 Income taxes paid (refund) (12,994,642,192) (12,239,007,939)
Cash flows from (used in) investing activities (22,891,996,504) (64,72,274,785)
 Proceeds from sales of property, plant and equipment 296,821,822 390,963,607
 Proceeds from sales of intangible assets 1,849,542,875
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 279,260,000
Proceeds from sales of short-term loans and receivables 11,287,483 32,695,456
Decrease in guarantee deposits 385,867,085 694,358,254
Proceeds from sales of long-term loans and receivables 169,544,290 173,663,551
Dividends received 476,482,300 476,482,300
Proceeds from government grants 305,920,300
 Proceeds from sales of short term Financial Instruments 24,216,000,000 30,756,902
Proceeds from sales of long-term financial instruments
Purchase of short term Financial Instruments (29,020,000,000) (2,041,344,534)
 Purchase of long-term financial instruments (5,174,430,000) (269,430,000)
Cash payments for future contracts, forward contracts, option contracts and swap contracts (345,650,000)
Cash flows used in obtaining control of subsidiaries  or other businesses
Purchase of property, plant and equipment (12,140,465,534) (5,038,749,777)
Purchase of intangible assets (19,816,734) (2,615,248,614)
Purchase of short-term loans and receivables (3,557,516) (5,224,805)
Purchase of long-term loans and receivables (50,000,000) (430,000,000)
Purchase of investments in subsidiaries, joint ventures and associates (2,000,000,000)
Purchase of investments in subsidiaries
Cash flows from (used in) financing activities (15,290,039,894) (7,912,190,573)
Proceeds from borrowings 340,851,858 3,774,923,109
Proceeds from changes in ownership interests in subsidiaries 4,218,325
Repayments of borrowings (10,827,150,201) (5,609,292,095)
Payments of finance lease liabilities (3,318,315,951) (3,202,886,312)
Dividends paid (1,485,425,600) (2,879,153,600)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 5,950,690,569 36,753,609,147
Effect of exchange rate changes on cash and cash equivalents 2,548,433,161 (631,632,901)
Net increase (decrease) in cash and cash equivalents 8,499,123,730 36,121,976,246
Cash and cash equivalents at beginning of period 77,668,832,541 41,546,856,295
Cash and cash equivalents at end of period 86,167,956,271 77,668,832,541
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