Financial Statements & Fact Sheet

2009 2Q
Financial Statements & Fact Sheet
2009 2Q
2009 2Q 2009 1Q
I. Current assets 79,241,046,187 29,298,121,544
(1) Quick assets 79,241,046,187 29,298,121,544
1. Cash and cash equivalents 9,331,764,536 1,862,244,568
2. Short-term financial instruments 66,350,021,061 24,338,423,009
3. Accounts receivable 2,249,464,295 2,300,339,078
Allowance for doubtful accounts 227,049,994 - 160,703,546 -
4. Short-term loans 62,370,165 69,400,000
5. Accrued income receivable 482,532,945 229,517,860
6. Non-trade receivable 491,593,239 529,115,490
7. Advance payments 397,244,478 64,211,362
Allowance for doubtful accounts
8. Prepaid expenses 17,016,518 2,354,310
9. Value added tax 86,088,944 43,796,352
II. Non-current assets 12,406,328,934 12,612,107,418
(1) Investments 355,518,832 318,877,030
1. Lt. Financial Goods - -
2. Lt Investment Stock 5,000,000 5,000,000
3. Investments in securities according to equity method 350,518,832 313,877,030
(2) Tangible assets 10,327,936,578 10,442,357,500
1. Land 4,901,251,584 4,901,251,584
2. Buildings and auxiliary facilities 4,185,057,016 4,185,057,016
(Accumulated depreciation) 75,048,115 - 48,891,511 -
3. Equipment 1,226,414,763 1,214,075,763
(Accumulated depreciation) 431,675,174 - 355,281,319 -
4. Facilities 1,180,795,447 1,148,371,078
(Accumulated depreciation) 837,374,709 - 790,523,659 -
5. Vehicles
191,035,390 190,972,790
(Accumulated depreciation) 12,519,624 - 2,674,242 -
(3) Intangible assets 1,327,826,978 1,430,593,650
1. Patents 49,312,750 52,921,000
Government Subsidy 29,587,650 - 31,752,600 -
2. Software 1,005,850,585 981,255,758
3. R&D 235,915,878 353,873,826
4.Other Intangible Asset 66,335,415 74,295,666
(4) Other non-current assets 395,046,546 420,279,238
1. Guarantee deposits 395,046,546 395,046,546
2. Other non-current assets
Total Asset 91,647,375,121 41,910,228,962
Balance Sheet
2009 2Q 2009 1Q
I. Current liabilities 3,705,494,952 5,024,214,717
1. Accounts payable 339,183,792 256,010,631
2. Advance Receipts 1,319,077,976 1,565,517,664
3. Withholdings 103,208,050 105,045,680
4. Accrued Expenses 731,166,071 792,461,091
5. Accrued Expenses-Income Taxes 1,125,879,830 2,258,294,051
6. .Current Portion of Lt. Debt 35,164,000 46,885,600
7. Current Portion of Deferred Income Taxes Credit 51,815,233 -
II. Fixed liabilities 2,370,943,280 1,879,203,749
1. Long-term unearned income 692,471,031 229,556,236
2. Accrued severance benefits 272,884,424 249,647,513
3. Rent Deposit 1,400,000,000 1,400,000,000
4. Financing Lease - -
5. Non-Current Portion of Deferred Income Taxes Credit 5,587,825 -
6.Lt. Accrued Payable
Total liabilities 6,076,438,232 6,903,418,466
I. Paid-in Capital 1,700,000,000 1,264,625,000
1. Common Stock 1,700,000,000 1,264,625,000
II. Capital Surplus 46,966,125,222 1,196,685,045
1. Premium on Stock Issuance 46,966,125,222 1,196,685,045
III. Accumulated other comprehensive income 9,714,174 - 47,468,345 -
1. Capital Adjustment-Unrealized gains on AFS - 1,155,816
2. Capital Adjustment-Unrealized losses on AFS 60,624,036 - 94,815,869 -
3. Loss on investments in equity method securities 50,909,862 46,191,708
IV. Capital adjustments 618,452,788 598,305,874
1. Stock option 618,452,788 551,376,501
V. Retained earnings 36,296,073,053 31,994,662,922
1. Unappropriated retained earnings to be carried
forward
36,296,073,053 31,994,662,922
Total shareholders' equity 85,570,936,889 35,006,810,496
Total liabilities and SE 91,647,375,121 41,910,228,962
(Unit : KRW)
2008 4Q
25,055,167,394
25,055,167,394
664,802,791
20,895,028,750
2,602,813,228
- 199,244,813
90,000,000
468,814,350
156,571,543
75,698,885
4,504,109
296,178,551
12,506,045,739
303,255,107
-
5,000,000
298,255,107
10,245,705,253
4,901,251,584
4,185,057,016
- 22,734,905
1,078,275,763
- 279,401,584
1,129,001,404
- 745,744,025
1,562,038,833
56,589,250
- 33,917,550
985,279,449
471,831,768
82,255,916
395,046,546
395,046,546
37,561,213,133
Balance Sheet
2008 4Q
5,152,114,271
430,036,931
1,343,793,978
52,028,660
430,814,540
2,845,246,105
46,886,400
3,307,657
1,909,536,211
290,911,866
199,287,677
1,400,000,000
11,720,800
7,615,868
7,061,650,482
1,264,625,000
1,264,625,000
1,196,685,045
1,196,685,045
- 51,600,184
1,128,648
- 100,448,837
47,720,005
520,028,887
520,028,887
27,569,823,903
27,569,823,903
30,499,562,651
37,561,213,133
. Sales 18,123,004,404 9,277,610,372 8,845,394,032
Sales 18,123,004,404 9,277,610,372 8,845,394,032 14,524,711,988
. Cost of Goods Sold 1,362,431,340 699,252,474 663,178,866
Cost of Goods Sold 1,362,431,340 699,252,474 663,178,866 1,128,141,712
. Gross Profte 16,760,573,064 8,578,357,898 8,182,215,166
. SG&A 7,363,098,163 3,808,605,758 3,593,033,672
Salaries expenses 1,298,967,768 648,155,917 650,811,851 985,231,568
Other Wages - - - 1,464,000
Severance benefits 248,703,082 112,449,486 136,253,596 110,130,126
Welfare benefits 454,574,048 175,831,988 278,742,060 206,862,294
Travel expenses 144,906,966 103,031,437 41,875,529 23,932,513
Entertainment expenses 44,962,880 19,594,900 25,367,980 28,003,992
Communication expense 20,217,706 11,199,910 9,017,796 17,363,477
Utility expenses 64,252,732 31,777,721 32,475,011 62,974,712
Taxes and dues 23,531,611 6,559,700 16,971,911 16,999,498
Depreciation 84,708,604 46,748,948 37,959,656 33,701,446
Amortization of Intangible Assets 61,362,087 31,170,644 30,191,443 28,877,143
Rental expense 40,178,743 20,055,099 20,123,644 87,356,045
Repairs expenses 7,980,091 2,890,907 5,089,184
Insurance premium 2,241,992 2,089,892 152,100 487,392
Vehicle maintenance expenses 3,205,700 1,675,900 1,529,800 3,059,910
Ordinary research and development expenses 2,312,763,162 1,182,025,470 1,130,737,692 1,706,594,627
Freight expenses 3,025,352 1,422,539 1,602,813 2,186,105
Training expenses 2,345,000 610,000 1,735,000 4,012,000
Publication expenses 5,762,830 3,860,410 1,902,420 5,212,066
Office supplies expenses 37,046,571 19,884,472 17,162,099 39,804,961
Supplies expenses 17,712,213 7,616,318 10,095,895 31,838,594
Commissions paid 2,016,373,842 1,053,126,897 959,989,245 1,391,704,158
Advertising expenses 211,360,706 160,731,988 50,628,718 66,880,500
Sales Promotion 74,778,695 39,941,787 34,836,908 6,279,862
Outside Service fee 75,268,534 39,660,066 35,608,468 10,629,040
Bad debt expense 27,805,181 66,346,448 - 17,911,404
Lease 3,257,700 6,515,400
Other Cost - - - 212,000
Compensation expenses assoc. w/ stock options 79,062,067 20,146,914 58,915,153 120,326,406
. Operaiton Profit 9,397,474,901 4,769,752,140 4,589,181,494
. Non-operating Income 1,620,048,147 640,759,925 1,084,385,396
Interest income 678,456,205 397,314,568 281,141,637 374,371,336
Gains on foreign currency transaction 764,261,658 66,446,900 697,814,758 285,932,013
Gains on foreign currency translation 7,751,752 73,186,121 1,121,538 25,256,880
Gains on available for sale securities 19,616,331 19,616,331
Reversal of Allowance for Doubtful Acct. - - 38,541,267 -
Equity income on investments 48,174,164 30,592,886 17,581,278 181,206,083
Gain from Rent 93,000,000 46,500,000 46,500,000
Gain on Prior Earnings Adjustment -
Miscellaneous income 8,788,037 7,103,119 1,684,918 5,613,522
. Non-operaiting expenses 827,968,722 456,812,609 437,712,020
Interest Expense - -
Losses on foreign currency transaction 796,151,533 440,542,122 355,609,411 46,710,364
Donations 23,008,400 13,402,040 9,606,360 16,232,267
Other loss in Decr. in Intangible Assets
Loss on For. Cur. Translation 526,252 - 67,082,159 177,822
Loss on Disposal of Mkt. Securities - -
Loss on Disposal of Tangible Assets - -
Miscellaneous losses 8,282,537 2,868,447 5,414,090 1,772,535
Loss. in Intangible Assets
. Income before income tax expense 10,189,554,326 4,953,699,456 5,235,854,870
. Income Taxes 1,463,305,176 652,289,325 811,015,851
Income Taxes 1,463,305,176 652,289,325 811,015,851 1,898,523,258
. Net Profit 8,726,249,150 4,301,410,131 4,424,839,019
Income Statement
2009 2Q 2009 1Q 2008 2Q 2009 Half
(Unit : KRW)
14,524,711,988
1,128,141,712
13,396,570,276
5,016,551,239
8,380,019,037
872,379,834
64,892,988
9,187,505,883
1,898,523,258
7,288,982,625
Income Statement
2008 2Q
2008 1Q Ratio 2008 2Q Ratio 2008 3Q Ratio 2008 4Q Ratio 2009 1Q Ratio 2009 2Q Ratio
Global 5,388,283,293 80.02% 6,205,853,598 79.66% 7,288,930,199 82.71% 7,734,191,672 80.87% 7,379,358,273 83.43% 8,155,235,699 87.90%
Domestic - 0.00% 431,630,409 5.54% 424,247,273 4.81% 381,180,873 3.99% 357,765,484 4.04% 331,328,717 3.57%
Dark Global 26,451,037 0.39% 40,521,653 0.52% 43,253,390 0.49% 39,063,393 0.41% 45,067,472 0.51% 30,824,210 0.33%
Deco Global - 0.00% - 0.00% 2,601,693 0.03% 12,446,684 0.13% 24,300,313 0.27% 22,793,209 0.25%
5,414,734,330 80.41% 6,678,005,660 85.72% 7,759,032,555 88.04% 8,166,882,622 85.39% 7,806,491,542 88.25% 8,540,181,835 92.05%
China 192,345,318 2.86% 291,316,559 3.74% 297,008,883 3.37% 344,750,031 3.60% 278,409,256 3.15% 187,157,827 2.02%
Japan 513,060,481 7.62% 482,493,065 6.19% 556,891,551 6.32% 862,088,745 9.01% 604,080,259 6.83% 424,364,493 4.57%
Taiwan 72,153,637 1.07% 62,918,370 0.81% 63,133,094 0.72% 52,611,707 0.55% 48,567,131 0.55% 42,931,251 0.46%
Vietnam 126,362,744 1.88% 128,268,464 1.65% 112,853,005 1.28% 137,217,404 1.43% 107,845,844 1.22% 82,974,967 0.89%
Korea 415,209,957 6.17% 147,843,403 1.90% 24,237,678 0.28% 526,001 0.01% 0.00% 0.00%
1,319,132,137 19.59% 1,112,839,861 14.28% 1,054,124,211 11.96% 1,397,193,888 14.61% 1,038,902,490 11.75% 737,428,538 7.95%
6,733,866,467 100.00% 7,790,845,521 100.00% 8,813,156,766 100.00% 9,564,076,510 100.00% 8,845,394,032 100.00% 9,277,610,373 100.00% Total
Product
Total
SRO
SRO
Online
Total
Royalty