IR

Financial Information

Consolidated Statements of Financial Position

Samyang Holdings Corporation and its subsidiaries

(In millions of won)
Major Information
December 31, 2020 December 31, 2019 December 31, 2018
Non-controlling interests 636,134 609,874 590,306
Total equity 2,155,787 2,029,507 2,001,942
Total liabilities and equity 3,893,565 3,589,514 3,313,797
Assets
Current assets 1,475,919 1,259,478 1,057,235
Cash and cash equivalents 187,583 162,254 103,290
Trade and other receivables 288,386 282,123 287,529
Other comprehensive income - fair value financial assets - - 149
Other current financial assets 610,350 482,961 312,550
Inventories, net 332,598 306,755 337,673
Income tax refund receivables 902 4,671 168
Other current assets 17,601 20,714 15,876
Asset scheduled for sale 38,499 - -
Non-current assets 2,417,646 2,330,036 2,256,562
Property, plant and equipment 1,458,210 1,408,101 1,323,134
Goodwill 201,795 204,216 204,242
Other intangible assets 66,292 71,197 74,967
Investment properties, net 78,032 100,542 101,488
Investments in associates and joint ventures 287,930 284,966 268,563
Long-term Other Bonds 15,791 17,768 23,461
Financial assets at fair value through profit or loss 9,951 5,102 5,519
Fair value through other comprehensive income financial assets 292,377 233,769 248,670
Other non-current financial assets 26 651 30
Net defined benefit asset 2,634 - -
Deferred tax assets 3,634 2,611 3,194
Other non-current assets 974 1,113 3,294
Asset Total 3,893,565 3,589,514 3,313,797
Liabilities
Current liabilities 527,131 656,497 543,840
Trade and other payables 301,602 289,601 296,246
Short-term borrowings 70,765 121,051 101,156
Current portion of long-term borrowings 42,671 22,951 35,074
Current portion of debentures 139,909 - 139,936
Other current financial liabilities 11,348 10,670 519
Other current liabilites 95,723 75,634 70,117
Non-current liabilities 1,055,729 1,032,876 655,358
Long-term Other Debt 7,997 8,837 9,217
Long-term borrowings 189,527 168,522 156,096
Debentures 698,661 698,456 344,149
Other non-current financial liabilities 11,780 17,900 1,967
Defined benefit liabilities 12,614 17,959 26,732
Deferred tax liabilities 127,496 115,325 112,472
Other non-current liabilites 7,654 5,877 4,725
Total liabilities 1,737,778 1,560,007 1,311,855
Equity
Equity attributable to owners of the parent 1,519,653 1,419,633 1,411,636
Issued capital 44,342 44,342 44,342
Share premium 376,552 379,702 380,362
Accumulated other comprehensive income 39,077 22,267 27,698
Retained earnings 1,070,974 984,852 970,789
Other components of equity (11,292) (11,530) (11,555)

Consolidated Statements of Comprehensive Income

Samyang Holdings Corporation and its subsidiaries

(In millions of won, except for earnings per share)
Major Information
2020 2019 2018
Revenue 2,471,226 2,488,563 2,563,476
Cost of sales (1,951,116) (2,025,132) (2,081,370)
Gross profit 520,110 463,431 482,106
Selling & Administrative expenses (349,774) (384,055) (343,648)
Operating profit 170,336 79,376 138,458
Finance income 27,517 24,250 20,598
Financial Expenses (41,011) (35,704) (29,799)
Gain or loss on equity method 23,974 16,274 8,624
Other Non-Operating Revenues 41,168 31,960 34,512
Other non-operating expenses (51,303) (35,134) (43,083)
Profit before income taxes 170,681 81,022 129,310
Income tax expenses (27,416) (18,978) (26,798)
Profit for the year 170,681 81,022 129,310
Other comprehensive income: 143,265 62,044 102,512
Other comprehensive income not to be reclassified to profit or loss in subsequent periods: 19,153 (8,482) (27,228)
Re-measurement gain (loss) on defined benefit plans 20,619 (9,841) (27,502)
Retained earnings adjustments in equity method (15) - (406)
The remeasurement component of a net defined benefit plan. (280) (3,721) (10,392)
Changes in Retained Earnings by Equity Method (266) (460) (1,308)
Gain or loss on fair value financial assets through other comprehensive income 21,180 (5,660) (15,396)
Equity method changes in equity 272 (173) 364
Gain or loss on fair value financial assets through other comprehensive income (2) (25) (5)
Gain or loss on translation of foreign business (1,736) 1,557 (85)
Total comprehensive income, net of tax 162,418 53,562
Profit attributalbe to: 143,265 62,044 102,512
Owners of the parent 102,313 30,873 69,974
Non-controlling interests 40,952 31,171 32,538
Total comprehensive income attributable to: 162,418 53,562 75,284
Owners of the parent 118,414 24,121 51,121
Non-controlling interests 44,004 29,441 24,163
Earnings per share
Basic and diluted earnings per ordinary share 13,218 3,987 9,043
Basic and diluted earnings per preference share 13,268 4,037 9,093