财务状况表
第15话
LS Cable & System Ltd.
Separate Statements of Financial Position(As of December 31, 2022 and 2021)
*All won amouts are expressed in U.S.dollars at US$ 1: ₩1,267.30 the exchange rate in effect on December 31, 2022.| Korean won(In milions) | Translation into U.S. dollars(In thousands) | |||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Assets | ||||
| Current assets | ||||
| Cash and cash equivalents | 370,892 | 225,653 | 292,663 | 178,058 |
| Financial deposits | 1,293 | 1,877 | 1,020 | 1,481 |
| Trade receivables | 1,040,816 | 1,187,050 | 821,286 | 936,676 |
| Other receivables | 155,280 | 77,280 | 122,528 | 60,980 |
| Derivative financial assets | 61,836 | 86,383 | 48,794 | 68,163 |
| Firm commitment assets | 145,348 | 57,614 | 114,691 | 45,462 |
| Inventories | 740,363 | 611,722 | 584,205 | 482,697 |
| Other assets | 170,768 | 163,613 | 134,750 | 129,104 |
| Total current assets | 2,686,596 | 2,411,192 | 2,119,937 | 1,902,621 |
| Non-current assets held for sale | 2,080 | - | 1,641 | - |
| Non-current assets | ||||
| Property, plant and equipment, net | 814,564 | 713,356 | 642,756 | 562,894 |
| Intangible assets, net | 59,196 | 54,829 | 46,710 | 43,264 |
| Investment property, net | 37,794 | 8,329 | 29,823 | 6,572 |
| Right-of-use assets, net | 11,729 | 16,315 | 9,255 | 12,874 |
| Financial deposits | 19 | 20 | 15 | 16 |
| Trade receivables | 42,522 | 48,737 | 33,553 | 38,457 |
| Other receivables | 6,171 | 8,591 | 4,870 | 6,779 |
| Financial assets at fair value through profit or loss | 3,546 | 211 | 2,798 | 167 |
| Financial assets at fair value through other comprehensive income | 1,208 | 1,842 | 953 | 1,454 |
| Derivative financial assets | 1,891 | 7,708 | 1,492 | 6,082 |
| Firm commitment assets | 13,614 | 263 | 10,743 | 208 |
| Investments in subsidiaries | 626,864 | 533,260 | 494,645 | 420,784 |
| Investments in joint ventures | 153,659 | 92,858 | 121,249 | 73,272 |
| Net defined benefit assets | 20,917 | 7,792 | 16,505 | 6,149 |
| Other assets | 369 | 370 | 291 | 292 |
| Total non-current assets | 1,794,063 | 1,494,481 | 1,415,658 | 1,179,264 |
| Total assets | 4,482,739 | 3,905,673 | 3,537,236 | 3,081,885 |
| Liabilities | ||||
| current liabilities | ||||
| Trade payables | 658,698 | 734,532 | 519,765 | 579,604 |
| Borrowings | 975,906 | 644,283 | 770,067 | 508,390 |
| Derivative financial liabilities | 60,973 | 25,172 | 48,113 | 19,863 |
| Firm commitment liabilities | 107,060 | 113,136 | 84,479 | 89,273 |
| Other payables | 234,669 | 120,589 | 185,172 | 95,154 |
| Current income tax liabilities | - | 13,408 | - | 10,580 |
| Lease liabilities | 6,729 | 6,922 | 5,310 | 5,462 |
| Provisions | 1,062 | 1,993 | 838 | 1,573 |
| Other liabilities | 161,988 | 195,394 | 127,821 | 154,181 |
| Total current liabilities | 2,207,085 | 1,855,429 | 1,741,565 | 1,464,080 |
| Non-current liabilities | ||||
| Borrowings | 834,320 | 685,713 | 658,344 | 541,082 |
| Derivative financial liabilities | 47,092 | 15,593 | 37,159 | 12,304 |
| Firm commitment liabilities | 1,454 | 4,990 | 1,147 | 3,937 |
| Other payables | 907 | 1,078 | 716 | 851 |
| Deferred income tax liabilities | 23,191 | 22,100 | 18,300 | 17,439 |
| Lease liabilities | 5,464 | 9,922 | 4,312 | 7,829 |
| Provisions | 7,818 | 4,462 | 6,169 | 3,521 |
| Total non-current liabilities | 920,246 | 743,858 | 726,147 | 586,963 |
| Total liabilities | 3,127,331 | 2,599,287 | 2,467,712 | 2,051,043 |
| Equity attributable to owners of the parent company | ||||
| Share capital | 111,618 | 111,618 | 88,075 | 88,075 |
| Shae premium | 744,620 | 744,620 | 587,564 | 587,564 |
| Accumulated other comprehenive income | 92,323 | 91,225 | 72,850 | 71,984 |
| Other components of equity | -41,632 | -41,435 | -32,851 | -32,695 |
| Retained earnings | 448,479 | 400,358 | 353,886 | 315,914 |
| Total equity | 1,355,408 | 1,306,386 | 1,069,524 | 1,030,842 |
| Total liabilities and equity | 4,482,739 | 3,905,673 | 3,537,236 | 3,081,885 |
LS Cable & System Ltd.
Separate Statements of Comprehensive Income(Years Ended December 31, 2022 and 2021)
*All won amouts are expressed in U.S.dollars at US$ 1: ₩1,267.30 the exchange rate in effect on December 31, 2022.| Korean won (In milions, except per share amounts) |
Translation into U.S. dollars (In thousands, except per share amounts) |
|||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Continuing operations | ||||
| Revenue | 4,223,754 | 3,875,899 | 3,332,876 | 3,058,391 |
| Cost of sales | 3,848,138 | 3,506,236 | 3,036,485 | 2,766,698 |
| Gross profit | 375,616 | 369,663 | 296,391 | 291,693 |
| Selling and administrative expenses | 223,436 | 210,655 | 176,309 | 166,223 |
| Impairment loss | 4,777 | 8,094 | 3,769 | 6,387 |
| Operating profit | 147,403 | 150,914 | 116,313 | 119,083 |
| Other income | 616,618 | 423,701 | 486,561 | 334,334 |
| Other expenses | 632,562 | 450,910 | 499,141 | 355,804 |
| Finance income | 2,440 | 1,846 | 1,925 | 1,457 |
| Finance costs | 51,100 | 31,133 | 40,322 | 24,566 |
| Share of profit of equity method investments, net | -44 | 23,045 | -35 | 18,184 |
| Other non-operating income | 15,090 | 213 | 11,907 | 168 |
| Profit before income tax expense | 97,846 | 117,676 | 77,208 | 92,856 |
| Income tax expense | 14,071 | 25,338 | 11,103 | 19,994 |
| Profit from continuing operations | 83,775 | 92,338 | 66,105 | 72,862 |
| Profit from discontinued operations | -2,211 | 8,341 | -1,745 | 6,582 |
| Profit for the year | 81,564 | 100,679 | 64,360 | 79,444 |
| Other comprehensive income | ||||
| Items that will not be reclassified to profit or loss | ||||
| Remeasurement of postemployment benefit obligation | -3,886 | -1,532 | -3,067 | -1,209 |
| Remeasurement of postemployment benefit obligation of subsidiaries and others | 2,913 | -50 | 2,299 | -39 |
| Gain (loss) on valuation of financial assets at fair value through other comprehensive income, net | -473 | 1,033 | -373 | 815 |
| Changes in revaluation surplus | 2,486 | 75,737 | 1,962 | 59,762 |
| 1,040 | 75,188 | 821 | 59,329 | |
| Items that may be subsequently reclassified to profit or loss | ||||
| Cash flow hedges | 868 | -1,313 | 685 | -1,036 |
| Share of other comprehensive income (loss) of subsidiaries and others | -1,783 | 37,486 | -1,407 | 29,579 |
| -915 | 36,173 | -722 | 28,543 | |
| Other comprehensive income for the year, net of tax | 125 | 111,361 | 99 | 87,872 |
| Total comprehensive income for the year | 81,689 | 212,040 | 64,459 | 167,316 |
| Earnings (losses) per share from continuing and discontinued operations | ||||
| Earnings per share from continuing operations | 3,870 | 4,699 | 3.05 | 3.71 |
| (Losses) income per share from discontinued operations | -102 | 425 | -0.08 | 0.34 |
| Basic earnings per share | 3,768 | 5,124 | 2.97 | 4.05 |
Opinion : The Separate financial statements present fairly, in all material respects, the financial position of LS Cable & System Ltd. as of December 31, 2022 and 2021, and its financial performance and cash flows for the years then ended in accordance with the Korean IFRS.
LS Cable & System Ltd.
Consolidated Statements of Financial Position(As of December 31, 2022 and 2021)
*All won amouts are expressed in U.S.dollars at US$ 1: ₩1,267.30 the exchange rate in effect on December 31, 2022.| Korean won(In milions) | Translation into U.S. dollars(In thousands) | |||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Assets | ||||
| Current assets | ||||
| Cash and cash equivalents | 559,769 | 329,948 | 441,702 | 260,355 |
| Financial deposits | 55,214 | 42,386 | 43,568 | 33,446 |
| Trade receivables | 1,524,223 | 1,552,214 | 1,202,733 | 1,224,820 |
| Other receivables | 150,619 | 76,150 | 118,850 | 60,088 |
| Financial assets at fair value through profit or loss | 14,136 | 13,571 | 11,154 | 10,709 |
| Derivative financial assets | 85,554 | 116,510 | 67,509 | 91,936 |
| Firm commitment assets | 160,785 | 60,909 | 126,872 | 48,062 |
| Inventories | 1,287,359 | 1,154,687 | 1,015,828 | 911,139 |
| Other assets | 254,593 | 216,269 | 200,894 | 170,653 |
| Total current assets | 4,092,252 | 3,562,644 | 3,229,110 | 2,811,208 |
| Non-current assets held for sale | 2,080 | 32,385 | 1,641 | 25,554 |
| Non-current assets | ||||
| Property, plant and equipment, net | 1,558,208 | 1,374,151 | 1,229,550 | 1,084,314 |
| Intangible assets, net | 74,635 | 71,239 | 58,893 | 56,213 |
| Investment properties, net | 1,790 | 54 | 1,412 | 43 |
| Right-of-use assets, net | 40,480 | 40,865 | 31,942 | 32,246 |
| Financial deposits | 285 | 1,021 | 225 | 806 |
| Trade receivables | 45,623 | 48,928 | 36,000 | 38,608 |
| Other receivables | 15,312 | 17,465 | 12,082 | 13,781 |
| Investments in joint ventures | 238,334 | 153,805 | 188,064 | 121,364 |
| Financial assets at fair value through profit or loss | 4,422 | 898 | 3,489 | 709 |
| Financial assets at fair value through other comprehensive income | 2,715 | 3,903 | 2,142 | 3,080 |
| Derivative financial assests | 3,553 | 7,787 | 2,804 | 6,145 |
| Firm commitnent assets | 13,628 | 280 | 10,754 | 221 |
| Deferred tax assets | 4,387 | 3,067 | 3,462 | 2,420 |
| Net defined benefit assets | 27,978 | 7,226 | 22,077 | 5,702 |
| Other assets | 1,326 | 529 | 1,046 | 416 |
| Total non-current assets | 2,032,676 | 1,731,218 | 1,603,942 | 1,366,068 |
| Total assets | 6,127,008 | 5,326,247 | 4,834,693 | 4,202,830 |
| Liabilities | ||||
| current liabilities | ||||
| Trade payables | 919,688 | 934,822 | 725,707 | 737,649 |
| Borrowings | 1,665,567 | 1,180,668 | 1,314,264 | 931,640 |
| Derivative financial liabilities | 77,582 | 31,087 | 61,218 | 24,530 |
| Firm commitment liabilities | 122,672 | 142,523 | 96,798 | 112,462 |
| Other payables | 307,069 | 164,014 | 242,302 | 129,420 |
| Current income tax liabilities | 6,386 | 18,889 | 5,039 | 14,905 |
| Provisions | 4,256 | 3,803 | 3,358 | 3,001 |
| Lease liabilities | 10,481 | 10,529 | 8,270 | 8,308 |
| Other liabilities | 230,196 | 236,230 | 181,643 | 186,404 |
| Total currrent liabilities | 3,343,897 | 2,722,565 | 2,638,599 | 2,148,319 |
| Non-current liabilities | ||||
| Borrowings | 982,136 | 843,946 | 774,983 | 665,940 |
| Derivative financial liabilities | 48,537 | 16,752 | 38,300 | 13,219 |
| Firm commitment liabilities | 1,489 | 5,022 | 1,175 | 3,963 |
| Other payables | 406 | 1,051 | 320 | 829 |
| Deferred income tax liabilities | 83,264 | 82,575 | 65,702 | 65,158 |
| Provisions | 8,717 | 5,257 | 6,878 | 4,148 |
| Lease liabilities | 14,430 | 14,356 | 11,386 | 11,328 |
| Total non-current liabilities | 1,138,979 | 968,959 | 898,744 | 764,585 |
| Total liabilities | 4,482,876 | 3,691,524 | 3,537,343 | 2,912,904 |
| Equity attributable to owners of the Parent Company | ||||
| Share capital | 111,618 | 111,618 | 88,075 | 88,075 |
| Share premium | 744,620 | 744,620 | 587,564 | 587,564 |
| Accumulated other comprehensive income | 75,862 | 76,305 | 59,861 | 60,211 |
| Other components of equity | 310,528 | 324,416 | 245,031 | 255,990 |
| Accumulated deficit | 137,243 | 68,851 | 108,296 | 54,329 |
| 1,379,871 | 1,325,810 | 1,088,827 | 1,046,169 | |
| Non-controlling interests | 264,261 | 308,913 | 208,523 | 243,757 |
| Total equity | 1,644,132 | 1,634,723 | 1,297,350 | 1,289,926 |
| Total liabilities and equity | 6,127,008 | 5,326,247 | 4,834,693 | 4,202,830 |
LS Cable & System Ltd. and Subsidiaries
Consolidated Statements of Comprehensive Income(For the Years Ended December 31, 2022 and 2021)
*All won amouts are expressed in U.S.dollars at US$ 1: ₩1,267.30 the exchange rate in effect on December 31, 2022.| Korean won (In milions, except per share amounts) |
Translation into U.S. dollars (In thousands, except per share amounts) |
|||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| Continuing Operationsy | ||||
| Revenue | 6,621,475 | 5,851,539 | 5,224,868 | 4,617,327 |
| Cost of sales | 6,004,592 | 5,249,033 | 4,738,098 | 4,141,902 |
| Gross profit | 616,883 | 602,506 | 486,770 | 475,425 |
| Selling and administrative expenses | 389,026 | 369,987 | 306,972 | 291,949 |
| Impairment loss | 8,298 | 10,504 | 6,548 | 8,289 |
| Operating profit | 219,559 | 222,015 | 173,250 | 175,187 |
| Other income | 736,930 | 522,406 | 581,496 | 412,220 |
| Other expenses | 788,141 | 558,663 | 621,906 | 440,829 |
| Finance income | 4,941 | 3,182 | 3,899 | 2,511 |
| Finance costs | 83,269 | 49,875 | 65,706 | 39,355 |
| Share of profit of equity method investments, net | -5,890 | -3,179 | -4,648 | -2,509 |
| Other non-operating income | 42,345 | 12,774 | 33,414 | 10,080 |
| Profit before income tax expense | 126,475 | 148,660 | 99,799 | 117,305 |
| Income tax expense | 22,723 | 41,376 | 17,930 | 32,649 |
| Profit from continuing operations | 103,752 | 107,283 | 81,869 | 84,656 |
| Profit from discontinued operations | -2,211 | 8,341 | -1,745 | 6,582 |
| Profit for the year | 101,541 | 115,624 | 80,124 | 91,238 |
| Profit is attributable to: | ||||
| Owners of the Parent Company | ||||
| Profit from continuing operations | 104,493 | 91,859 | 82,453 | 72,484 |
| Profit from discontinued operations | -2,211 | 8,341 | -1,745 | 6,582 |
| 102,282 | 100,200 | 80,708 | 79,066 | |
| Non-controlling interests | ||||
| Profit from continuing operations | -740 | 15,424 | -584 | 12,171 |
| Profit from discontinued operations | - | - | - | - |
| -740 | 15,424 | -584 | 12,171 | |
| Other comprehensive income | ||||
| Items that will not be reclassified to profit or loss | ||||
| Remeasurement of postemployment benefit obligation | -626 | -2,016 | -494 | -1,591 |
| Gain (loss) on valuation of financial assets at fair value through other comprehensive income, net | -1,466 | 865 | -1,157 | 683 |
| Revaluation surplus | 9,435 | 100,076 | 7,445 | 78,968 |
| 7,343 | 98,925 | 5,794 | 78,060 | |
| Items that may be subsequently reclassified to profit or loss | ||||
| Cash flow hedges | 1,029 | -1,028 | 812 | -811 |
| Changes from equity method | -2,338 | 2,206 | -1,845 | 1,741 |
| Exchange differences | -12,615 | 15,194 | -9,954 | 11,989 |
| -13,924 | 16,372 | -10,987 | 12,919 | |
| Other comprehensive income (loss) for the year, net of tax | -6,581 | 115,297 | -5,193 | 90,979 |
| Total comprehensive income for the year | 94,961 | 230,921 | 74,931 | 182,216 |
| Total comprehensive income for the year attributable to: | ||||
| Owners of the Parent Company | 100,362 | 205,226 | 79,193 | 161,941 |
| Non-controlling interests | -5,401 | 25,695 | -4,262 | 20,275 |
| Earnings (losses) per share from continuing and discontinued operations | ||||
| Earnings per share from continuing operations | 4,828 | 4,675 | 3.81 | 3.69 |
| Earnings per share from discontinued operations | -102 | 424 | -0.08 | 0.33 |
| Basic earnings per share | 4,726 | 5,099 | 3.73 | 4.02 |
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, 2022 and 2021, and their financial performance and cash flows for the years then ended in accordance with the Korean IFRS.
