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Financial Information

Consolidated Statements of Financial Position

Samyang Holdings Corporation and its subsidiaries

(In millions of won)
Major Information
December 31, 2018 December 31, 2017 December 31, 2016
Non-controlling interests 590,306 566,256
497,983
Total equity 2,001,942 1,939,788
1,850,632
Total liabilities and equity 3,313,797 3,275,960 3,169,445
Assets
Current assets 1,057,235 1,132,120 1,149,652
Cash and cash equivalents 103,290 98,520 237,885
Trade and other receivables 287,529 284,791 262,052
Available-for-sale financial assets - 87 39
Other comprehensive income - fair value financial assets 149 - -
Other current financial assets 312,550 451,547 371,390
Inventories, net 337,673 283,616 265,592
Income tax refund receivables 168 83 82
Other current assets 15,876 13,476 12,612
Non-current assets 2,256,562 2,143,840 2,019,793
Property, plant and equipment, net 1,323,134 1,212,576 1,155,796
Goodwill 204,242 208,547 172,605
Other intangible assets 74,967 79,317 60,109
Investment properties, net 101,488 118,591 119,353
Investments in associates and joint ventures 268,563 266,103 262,646
Other receivables 23,461 22,431 22,666
Available-for-sale financial assets - 231,161 224,600
Profit or loss - Fair value Financial assets 5,519 - -
Other comprehensive income - fair value financial assets 248,670 - -
Other non-current financial assets 30 62 35
Deferred tax assets 3,194 4,091 814
Other non-current assets 3,294 961 1,169
Total assets 3,313,797 3,275,960 3,169,445
Liabilities
Current liabilities 656,497 543,840 736,638
Trade and other payables 296,246 278,337 295,031
Short-term borrowings 101,156 145,450 256,859
Current portion of long-term borrowings 35,074 37,247 22,294
Current portion of debentures 139,936 - 59,964
Other current financial liabilities 519 3,753 368
Income tax payable 13,449 12,618 26,114
Other current liabilites 70,117 66,435 76,008
Non-current liabilities 655,358 792,332 582,175
Other payables 9,217 10,796 10,298
Long-term borrowings 156,096 197,028 202,582
Debentures 344,149 438,898 239,292
Other non-current financial liabilities 1,967 2,188 2,125
Defined benefit liabilities 26,732 24,954 24,765
Deferred tax liabilities 112,472 114,873 99,365
Other non-current liabilites 4,725 3,595 3,748
Total liabilities 1,311,855 1,336,172 1,318,813
Equity
Equity attributable to owners of the parent 1,411,636 1,373,532 1,352,649
Issued capital 44,342 44,342 44,342
Share premium 380,362 377,816 377,816
Accumulated other comprehensive income 27,698 41,935 41,977
Retained earnings 970,789 920,909 (11,469)
Other components of equity (11,555) (11,470) 899,983

Consolidated Statements of Comprehensive Income

Samyang Holdings Corporation and its subsidiaries

(In millions of won, except for earnings per share)
Major Information
2018 2017 2016
Revenue 2,563,476 2,396,290 2,311,465
Cost of sales (2,081,370) (1,974,916) (1,859,910)
Gross profit 482,106 421,374 451,555
Selling expenses (260,345) (245,675) (238,566)
Administrative expenses (83,303) (76,871) (71,976)
Operating profit 138,458 98,828 141,013
Finance income 20,598 15,405 23,516
Finance costs (29,799) (43,009) (35,947)
Share of gain on equity method 8,624 8,045 3,173
Other non-operating income 34,512 58,876 54,045
Other non-operating expenses (43,083) (48,787) (83,119)
Profit before income taxes 129,310 89,358 102,681
Income tax expenses (26,798) (22,172) (37,543)
Profit for the year 102,512 67,186 65,138
Other comprehensive income: (27,228) (372) 1,713
Other comprehensive income not to be reclassified to profit or loss in subsequent periods: (27,502) (1,464) 2,785
Re-measurement gain (loss) on defined benefit plans (10,392) (1,345) 2,734
Retained earnings adjustments in equity method (1,308) (119) 51
Other comprehensive income to be reclassified to profit or loss in subsequent periods: 274 1,092 (1,072)
Equity adjustments in equity method 364 (700) (490)
Gain (loss) on valuation of available-for-sale financial assets - 2,708 (118)
Loss on translation of foreign operations (85) (916) (464)
Total comprehensive income, net of tax 75,284 66,814 66,851
Profit attributalbe to: 102,512 67,186 65,138
Owners of the parent 69,974 37,675 22,611
Non-controlling interests 32,538 29,511 42,527
Total comprehensive income attributable to: 75,284 66,814 66,851
Owners of the parent 51,121 36,362 22,503
Non-controlling interests 24,163 30,452 44,348
Earnings per share
Basic and diluted earnings per ordinary share 9,043 4,871 2,923
Basic and diluted earnings per preference share 9,093 4,921 2,973