IR

Financial Information

Consolidated Statements of Financial Position

As of December 31, 2015, 2014 and January 1, 2013

(In millions of won)
Major Information
December 31, 2016 December 31, 2015 December 31, 2014
Total assets 3,169,445 3,071,422 2,795,940
Assets
Cash and cash equivalents 237,885 147,568 195,281
Trade and other receivables 262,052 245,998 206,964
Available-for-sale financial assets 39 27 28
Other current financial assets 371,390 363,733 414,582
Inventories 265,592 256,848 280,713
Current tax assets 82 27 70
Other current assets 12,612 14,651 24,517
Total current assets 1,149,652 1,028,852 1,122,155
Non-current assets
Property, plant and equipment 1,155,796 1,173,125 964,599
Goodwill 172,605 167,744 3,154
Other intangible assets 60,109 63,222 45,765
Investment properties 119,353 118,335 105,050
Investments in associates 262,646 265,029 275,055
Other non-current receivables 22,666 25,863 46,902
Available-for-sale financial assets 224,600 224,823 228,456
Other non-current financial assets 35 40 39
Deferred tax assets 814 2,500 1,109
Other non-current assets 1,169 1,889 3,656
Total non-current assets 2,019,793 2,042,570 1,673,785
Major Information
December 31, 2016 December 31, 2015 December 31, 2014
Total equity and liabilities 3,169,445 3,071,422 2,795,940
Current liabilities
Trade and other payables 295,031 221,818 206,594
Short-term borrowings 256,859 243,537 329,668
Current portion of long-term borrowings 22,294 20,832 6,328
Current portion of long-term debentures 59,964 0 50,000
Other current financial liabilities 368 740 707
Current tax liabilities 26,114 18,676 17,028
Other current liabilities 76,008 67,858 67,017
Total current liabilities 736,638 573,461 677,342
Non-current liabilities
Other payable 10,298 11,254 5,878
Long-term borrowings 202,582 343,287 104,483
Long-term debentures 239,292 199,506 199,327
Other Nnon-current financial liablities 2,125 2,298 2,461
Defined benefit liabilities 24,765 39,790 39,862
Deferred tax liabilities 99,365 104,441 111,860
Other non-current liabilities 3,748 1,022 337
Total non-current liabilities 582,175 701,598 464,208
Total liabilities 1,318,813 1,275,059 1,141,550
Equity
Common stock 42,822 42,822 42,822
Preferred stock 1,520 1,520 1,520
Capital surplus 377,816 385,405 384,576
Accumulated other comprehensive income 41,977 38,387 44,082
Retained earnings 899,983 886,332 853,781
Other components of equity (11,469) (12,392) (11,696)
Stockholders' equity attributable to owners
of the Company
1,352,649 1,342,074 1,315,085
Non-controlling interests 497,983 454,289 339,305
Total equity 1,850,632 1,796,363 1,654,390

Consolidated Statements of Comprehensive Income

For the years ended December 31, 2015, 2014 and 2013

(In millions of won, except for earnings per share)
Major Information
2016 2015 2014
Sales 2,311,465 2,169,650 2,213,367
Cost of sales (1,859,910) (1,763,178) (1,864,278)
Gross profit 451,555 406,472 349,089
Selling expense (238,565) (221,951) (219,814)
General and administrative expenses (71,977) (77,797) (65,493)
Operating income 141,013 106,724 63,782
Finance income 23,516 27,130 40,717
Finance expense (35,947) (31,346) (25,253)
Equity method income of investments in associates 3,173 (9,253) (19,472)
Other operating income 54,045 63,736 34,004
Other operating expense (83,119) (52,089) (47,432)
Profit from continuing operations before income tax 102,681 104,902 46,346
Income tax benefit (expense) (37,543) (26,886) (25,342)
Profit from continuing operations 65,138 78,016 21,004
Profit for the year 65,138 78,016 21,004
Other comprehensive income, net of tax :
Actuarial gains and losses on defined benefit pension plans 2,734 (1,214) (9,768)
Change in retained earning of equity method investments 51 (266) (2,974)
Change in equity of equity method investments(Not available reclassification) 0 0 895
Change in equity of equity method investments(available reclassification) (490) 41 210
Change in fair value of available-for-sale financial assets (118) (7,312) 7,384
Foreign currency translation differences for foreign operations (464) 521 (353)
Total comprehensive income for the period, net of tax 66,851 69,786 16,398
Profit attributable to :
Owners of the Company 22,611 46,485 2,518
- Continuing operations 22,611 46,485 2,518
- Discontinued operations 0 0 0
Non-controlling interests 42,527 31,531 18,486
- Continuing operations 42,527 31,531 18,486
- Discontinued operations 0 0 0
Profit for the year 65,138 78,016 21,004
Total comprehensive income attributable to :
- Owners of the Company 22,503 38,469 (900)
- Non-controlling interests 44,348 31,317 17,298
Total comprehensive income for the year 66,851 69,786 16,398
Earnings per share in won
Basic earnings per share – continuing operations 2,923 6,011 329
Basic earnings per share – discontinued operations 0 0 0
Total 2,923 6,011 329