财务状况表
Separate Statements of Financial Position(As of December 31, 2019 and 2018)
*All won amouts are expressed in U.S.dollars at US$ 1: ₩1,157.80 the exchange rate in effect on December 31, 2019.Korean won(In milions) | Translation into U.S. dollars(In thousands) | |||
---|---|---|---|---|
2019 | 2018 | 2019 | 2018 | |
Assets | ||||
Current assets | ||||
Cash and cash equivalents | 232,009 | 117,994 | 200,388 | 101,912 |
Financial deposits | 6,153 | 9,414 | 5,314 | 8,131 |
Trade receivables | 951,986 | 923,995 | 822,237 | 798,061 |
Other receivables | 67,044 | 69,724 | 57,906 | 60,221 |
Derivative assets | 18,631 | 15,041 | 16,092 | 12,991 |
Firm commitment assets | 46,927 | 47,519 | 40,531 | 41,042 |
Inventories | 341,118 | 308,858 | 294,626 | 266,763 |
Other assets | 206,390 | 151,416 | 178,260 | 130,779 |
Total current assets | 1,870,258 | 1,643,961 | 1,615,354 | 1,419,900 |
Non-current assets | ||||
Property, plant and equipment | 513,477 | 486,922 | 443,494 | 420,558 |
Intangible assets | 42,666 | 39,796 | 36,851 | 34,372 |
Investment property | 6,363 | 12,268 | 5,496 | 10,596 |
Right-of-use assets | 23,065 | - | 19,921 | - |
Financial deposits | 20 | 21 | 16 | 17 |
Trade receivables | 64,964 | 37,618 | 56,110 | 32,491 |
Other receivables | 9,038 | 26,958 | 7,806 | 23,284 |
Financial assets at fair value through profit or loss | 210 | 210 | 181 | 181 |
Financial assets at fair value through other comprehensive income | 519 | 519 | 448 | 448 |
Derivative financial assets | 16,419 | 4,280 | 14,181 | 3,697 |
Firm commitment assets | 416 | 1,478 | 359 | 1,277 |
Investments in subsidiaries | 454,497 | 400,669 | 392,552 | 346,061 |
Investments in joint ventures | 28,971 | 531 | 25,022 | 459 |
Deferred tax asset | - | 11,154 | - | 9,634 |
Other assets | 457 | 499 | 395 | 432 |
Total non-current assets | 1,161,082 | 1,022,922 | 1,002,833 | 883,507 |
Total assets | 3,031,340 | 2,666,883 | 2,618,187 | 2,303,407 |
Liabilities and equity | ||||
Current liabilties | ||||
Trade payables | 563,308 | 454,773 | 486,533 | 392,791 |
Borrowings | 344,964 | 425,754 | 297,948 | 367,727 |
Derivative financial liabilities | 24,584 | 37,831 | 21,233 | 32,675 |
Firm commitment liabilities | 30,417 | 19,386 | 26,271 | 16,744 |
Other payables | 111,857 | 105,065 | 96,612 | 90,745 |
Current income tax liabilities | 1,351 | 9,216 | 1,167 | 7,960 |
Lease liabilities | 6,596 | - | 5,697 | - |
Provisions | 9,408 | 11,823 | 8,126 | 10,212 |
Other liabilities | 150,491 | 105,331 | 129,981 | 90,974 |
Total current liabilties | 1,242,976 | 1,169,179 | 1,073,568 | 1,009,828 |
Non-current liabilities | ||||
Borrowings | 892,454 | 666,642 | 770,819 | 575,783 |
Derivative financial liabilities | 752 | 1,478 | 650 | 1,277 |
Firm commitment liabilities | 1,499 | 164 | 1,295 | 142 |
Other payables | 512 | 127 | 442 | 110 |
Deferred tax liabilities | 463 | - | 400 | - |
Net defined benefit liabilities | 6,416 | 7,155 | 5,542 | 6,180 |
Lease liabilities | 16,560 | - | 14,303 | - |
Provisions | - | 974 | - | 841 |
Total non-current liabilities | 918,656 | 676,540 | 793,451 | 584,333 |
Total liabilities | 2,161,632 | 1,845,719 | 1,867,019 | 1,594,161 |
Equity | ||||
Share capital | 93,752 | 93,752 | 80,974 | 80,974 |
Shae premium | 542,579 | 542,579 | 468,629 | 468,629 |
Reserves | 321 | 424 | 277 | 366 |
Accumulated other comprehenive income | -14,098 | -17,133 | -12,177 | -14,798 |
Other components of equity | -110 | -110 | -95 | -95 |
Retained earnings | 247,264 | 201,652 | 213,564 | 174,168 |
Total equity | 869,708 | 821,164 | 751,172 | 709,244 |
Total liabilities and equity | 3,031,340 | 2,666,883 | 2,618,191 | 2,303,405 |
Separate Statements of Comprehensive Income(Years Ended December 31, 2019 and 2018)
*All won amouts are expressed in U.S.dollars at US$ 1: ₩1,157.80 the exchange rate in effect on December 31, 2019.Korean won (In milions, except per share amounts) |
Translation into U.S. dollars (In thousands, except per share amounts) |
|||
---|---|---|---|---|
2019 | 2018 | 2019 | 2016 | |
Revenue | 3,242,768 | 3,332,203 | 2,800,802 | 2,878,047 |
Cost of sales | 2,941,912 | 3,052,405 | 2,540,950 | 2,636,383 |
Gross profit | 300,856 | 279,798 | 259,852 | 241,664 |
Selling and administrative expenses | 180,672 | 172,054 | 156,048 | 148,604 |
Operating profit | 112,140 | 105,212 | 96,856 | 90,873 |
Other income | 213,569 | 209,641 | 184,461 | 181,068 |
Other expenses | 212,944 | 193,858 | 183,921 | 167,437 |
interest income | 4,035 | 2,683 | 3,485 | 2,317 |
Other finance income | 10 | 630 | 9 | 544 |
Finance costs | 42,174 | 33,529 | 36,426 | 28,959 |
Share of profit of equity method investments, net | 50,571 | 39,192 | 43,679 | 33,850 |
Other non-operating income(expenses) | -20,101 | -2,962 | -17,361 | -2,558 |
Profit before income tax | 105,106 | 127,009 | 90,782 | 109,698 |
Income tax expense | 25,179 | 18,009 | 21,746 | 15,553 |
Profit from continuing operations | 79,927 | 109,000 | 69,036 | 94,145 |
Loss from discontinued operations, net of tax | 2,576 | 8,769 | 2,225 | 7,574 |
Profit for the year | 77,351 | 100,231 | 66,811 | 86,571 |
Basic earnings per share(Unit:Korean won, U.S. dollar) | ||||
From continuing operations | 4,263 | 5,814 | 4 | 5 |
From discontinuing operations | 137 | 468 | 0 | 0 |
Basic earnings per share | 4,126 | 5,346 | 4 | 5 |
Opinion : The Separate financial statements present fairly, in all material respects, the financial position of LS Cable & System Ltd. as of December 31, 2019 and 2018, and its financial performance and cash flows for the years then ended in accordance with the Korean IFRS.
Consolidated Statements of Financial Position(As of December 31, 2019 and 2018)
*All won amouts are expressed in U.S.dollars at US$ 1: ₩1,157.80 the exchange rate in effect on December 31, 2019.Korean won(In milions) | Translation into U.S. dollars(In thousands) | |||
---|---|---|---|---|
2019 | 2018 | 2019 | 2018 | |
Assets | ||||
Current assets | ||||
Cash and cash equivalents | 334,188 | 199,863 | 288,641 | 172,623 |
Financial deposits | 29,560 | 53,313 | 25,531 | 46,047 |
Trade receivables | 1,289,651 | 1,262,855 | 1,113,881 | 1,090,737 |
Other receivables | 74,146 | 67,011 | 64,040 | 57,878 |
Financial assets at fair value through profit or loss | 4,001 | 4,009 | 3,456 | 3,463 |
Derivative assests | 23,888 | 19,259 | 20,632 | 16,634 |
Firm commitment assets | 51,697 | 58,685 | 44,651 | 50,687 |
Inventories | 657,147 | 613,915 | 567,582 | 530,243 |
Other assets | 248,087 | 193,588 | 214,275 | 167,201 |
Total current assets | 2,712,365 | 2,472,498 | 2,342,689 | 2,135,513 |
Non-current assets held for sale | 45,915 | 45,886 | 39,657 | 39,634 |
Non-current assets | ||||
Property, plant and equipment, net | 1,080,119 | 1,005,368 | 932,906 | 868,343 |
Intangible assets | 56,324 | 56,128 | 48,647 | 48,478 |
Investment properties, net | 8,851 | 22,693 | 7,645 | 19,600 |
Right-of-use assets | 47,529 | - | 41,051 | - |
Financial deposits | 1,151 | 1,040 | 994 | 898 |
Trade receivables | 65,205 | 37,618 | 56,318 | 32,491 |
Other receivables | 17,229 | 35,238 | 14,881 | 30,435 |
Investments in joint ventures | 44,525 | 531 | 38,457 | 459 |
Financial assets at fair value through other comprehensive income | 1,860 | 1,911 | 1,606 | 1,651 |
Financial assets at fair value through profit or loss | 870 | 1,184 | 751 | 1,023 |
Derivative financial assests | 16,817 | 4,432 | 14,525 | 3,828 |
Firm commitnent assets | 584 | 3,624 | 504 | 3,130 |
Deferred tax assets | 3,983 | 12,475 | 3,440 | 10,775 |
Other assets | 527 | 21,944 | 457 | 18,953 |
Total non-current assets | 1,345,574 | 1,204,186 | 1,162,182 | 1,040,064 |
Total assets | 4,103,854 | 3,722,570 | 3,544,528 | 3,215,211 |
Liabilities and equity | ||||
Current liabilties | ||||
Trade payables | 719,824 | 655,512 | 621,717 | 566,170 |
Borrowings | 771,543 | 696,252 | 666,387 | 601,358 |
Derivative financial liabilities | 30,470 | 50,623 | 26,317 | 43,723 |
Firm commitment liabilities | 33,883 | 20,697 | 29,265 | 17,876 |
Other payables | 145,749 | 140,418 | 125,884 | 121,280 |
Current income tax liabilities | 4,657 | 10,560 | 4,022 | 9,121 |
Provisions | 22,863 | 13,492 | 19,747 | 11,653 |
Lease liabilities | 10,839 | - | 9,362 | - |
Other liabilities | 180,215 | 153,835 | 155,654 | 132,868 |
Total currrent liabilities | 1,920,043 | 1,741,389 | 1,658,355 | 1,504,049 |
Non-current liabilities | ||||
Borrowings | 947,244 | 788,757 | 818,141 | 681,255 |
Derivative financial liabilities | 1,112 | 4,871 | 960 | 4,207 |
Firm commitment liabilities | 1,522 | 203 | 1,315 | 175 |
Other payables | 203 | 249 | 175 | 216 |
Deferred tax liabilities | 9,954 | 12,705 | 8,597 | 10,973 |
Net defined benefit liabilities | 50,177 | 49,802 | 43,338 | 43,014 |
Lease liabilities | 24 | 14,941 | 21 | 12,905 |
Provisions | 23,367 | - | 20,183 | - |
Total non-current liabilities | 1,033,603 | 871,528 | 892,730 | 752,745 |
Total liabilities | 2,953,646 | 2,612,917 | 2,551,085 | 2,256,794 |
Equity | ||||
Share capital | 93,752 | 93,752 | 80,974 | 80,974 |
Share premium | 542,579 | 542,579 | 468,629 | 468,629 |
Accumulated other comprehensive income | -17,115 | -23,364 | -14,782 | -20,180 |
Other components of equity | 359,371 | 348,531 | 310,391 | 301,029 |
Accumulated deficit | -108,647 | -175,003 | -93,839 | -151,149 |
Non-controlling interests | 280,268 | 323,158 | 242,069 | 279,114 |
Total equity | 1,150,208 | 1,109,653 | 993,442 | 958,417 |
Total liabilities and equity | 4,103,854 | 3,722,570 | 3,544,527 | 3,215,211 |
Consolidated Statements of Comprehensive Income(Years Ended December 31, 2019 and 2018)
*All won amouts are expressed in U.S.dollars at US$ 1: ₩1,157.80 the exchange rate in effect on December 31, 2019.Korean won (In milions, except per share amounts) |
Translation into U.S. dollars (In thousands, except per share amounts) |
|||
---|---|---|---|---|
2019 | 2018 | 2019 | 2018 | |
Revenue | 4,602,796 | 4,181,895 | 3,975,467 | 3,611,932 |
Cost of sales | 4,145,555 | 3,796,169 | 3,580,545 | 3,278,778 |
Gross profit | 457,241 | 385,726 | 394,922 | 333,154 |
Selling and administrative expenses | 288,841 | 258,001 | 249,474 | 222,837 |
Impairment loss(reversal) | 5,810 | 11,474 | 5,018 | 9,910 |
Operating profit | 162,590 | 116,251 | 140,430 | 100,407 |
Other income | 271,256 | 335,272 | 234,286 | 289,577 |
Other expenses | 266,357 | 261,523 | 230,054 | 225,879 |
Interest income | 5,121 | 4,454 | 4,423 | 3,847 |
Other finance income | 110 | 300 | 95 | 259 |
Finance costs | 61,981 | 50,049 | 53,533 | 43,228 |
Share of profit of equity method investments, net | 1,922 | 86,286 | 1,660 | 74,526 |
Other non-operating income(expenses) | 12,295 | -104,160 | 10,619 | -89,964 |
Profit before income tax | 124,956 | 126,831 | 107,926 | 109,545 |
Income tax expense | 35,674 | 27,271 | 30,812 | 23,554 |
Profit from continuing operations | 89,282 | 99,560 | 77,114 | 85,991 |
Loss from discontinued operations, net of tax | 2,576 | 9,247 | 2,225 | 7,987 |
Profit for the year | 86,706 | 90,313 | 74,889 | 78,004 |
Basic earnings per share(Unit:Korean won, U.S. dollar) | ||||
From continuing operations | 4,347 | 5,088 | 3.75 | 4.39 |
From discontinuing operations | 137 | 493 | 0.12 | 0.43 |
Basic earnings per share | 4,210 | 4,595 | 3.63 | 3.96 |
Opinion : The consolidated financial statements present fairly, in all material respects, the financial position of LS Cable & System Ltd. and its subsidiaries as of December 31, 2019 and 2018, and their financial performance and cash flows for the years then ended in accordance with the Korean IFRS.