2023 Financial Results
Appendix
Consolidated Income Statement
Financial Statements - Consolidated
(KRW bn)
1Q21 2Q21 3Q21 4Q21 2021 1Q22 2Q22
3Q22
4Q22 2022
(KRW bn)
Operating revenue
Operating expenses
Labor cost
581.0 537.7 538.7
Commissions paid
4,113.1 4,125.1 4,215.0 4,295.3 16,748.6 4,277.2 4,289.9 4,343.4 4,394.5 17,305.0
3,738.9 3,729.4 3,822.0 4,071.1 15,361.4 3,844.8 3,830.3 3,877.9 4,140.0 15,692.9
643.4 2,300.8 637.1 593.2 581.5 638.0 2,449.8
1,303.3 1,351.2 1,345.3 1,426.4 5,426.1 1,310.2 1,370.9 1,384.6
Advertising
31.1
54.7
61.2
86.4 233.4
49.2
54.9
53.6
Depreciation")
944.0
949.2 964.0 962.6 3,819.8
946.3
940.7 933.5
Network
193.9
183.2 184.2
188.3 749.6
189.4
185.3
1,453.0 5,518.8
94.7 252.4
934.8 3,755.3
180.0 160.6 715.3
Current assets
Cash and short-term
financial instruments ¹)
Accounts receivable
Other current assets
Non-current assets
38,896.3
PP&E and intangible assets
interconnection
Leased line and
74.4
72.8
77.0
frequency usage fees
Cost of goods sold
279.4
247.0 310.0
Others
331.8
333.8 341.6
Operating income
374.2 395.7
EBITDA
EBITDA margin
Net profit or loss from
non-operating items
Equity gains or losses
Income from continuing
operations before tax
Income from
112.3
181.8 (33.9) 70.8
127.7 279.6
29.4
9.6
86.0 310.1
331.1 1,167.4
347.0 1,354.2
393.0 224.2 1,387.2
1,318.2 1,344.9 1,357.0 1,186.8 5,207.0 1,378.7 1,400.3 1,399.1 1,189.3 5,367.4
32.0% 32.6% 32.2% 27.6% 31.1% 32.2% 32.6% 32.2% 27.1% 31.0%
(56.8) (103.2) (110.5) (375.9)
13.6 (51.0) (5.8) (81.7)
67.6
61.1
68.9
70.8 268.4
Investment assets
307.6
267.7 304.7 388.1 1,268.1
337.3 356.6 371.0 399.9 1,464.8
Other non-current assets
Total liabilities
432.4
459.6
465.6
254.5 1,612.1
Current liabilities
| Consolidated Balance Sheet
Total assets
3-31-21 6-30-21 9-30-21 12-31-21 3-31-22 6-30-22 9-30-22 12-31-22
47,761.5 50,057.6 51,677.5 30,911.3 30,574.7 30,648.4 30,529.8 31, 308.2
8,865.2 9,140.9 9,319.6 6,352.7 6,544.8 7,061.2 7,318.7 7,219.2
2,580.3 3,058.1 3,066.1 1,381.4 1,386.2 1,841.5 1,839.0 2,119.5
3,377.7 3,256.9 3,475.9 2,461.9 2,602.3 2,593.5 2,652.5 2,450.4
2,907.2 2,825.9 2,777.5 2,509.4 2,556.3 2,626.3 2,827.2 2,649.3
40,916.7 42,357.9 24,558.6 24,029.8 23,587.2 23,211.1 24,089.0
20,497.8 20,749.3 20,654.0 18,813.5 18,330.4 18,269.4 17,882.1 18,747.5
16,446.2 18,240.6 19,621.2 3,912.8 3,855.3 3,541.5 3,472.1 3,300.4
1,952.3 1,926.8 2,082.8 1,832.3 1,844.1 1,776.4 1,856.9 2,041.1
23,192.4 23,650.8 24,493.7 18,576.1 18,305.2 18,501.8 18,232.7 19,153.0
8,099.6 7,821.8 8,380.5 6,960.4 6,935.3 7,575.9 7,429.0 8,046.5
Short-term borrowings
Accounts payable
110.0
62.3
61.5
13.0
168.0
13.0
13.0
143.0
331.0 (105.4)
446.3 (38.4)
Other current liabilities
Non-current liabilities
Bonds payable
486.5 577.6
359.1
295.0 1,718.2 327.0 402.8 362.4
144.0
1,236.2
216.2
355.0
473.0
103.4 1,147.6
spun-off operations
Consolidated
572.0
795.7
736.5
314.8 2,419.0 220.3 258.1
245.6
223.7 947.8
net income
& long-term borrowings
Deferred tax liabilities
Other non-current
liabilities
941.3
2,604.6 2,565.0 2,556.2 2,262.4 2,157.7 2,010.1 1,520.5 2,517.2
5,384.9 5,194.5 5,762.8 4,685.0 4,609.6 5,552.9 5,895.5 5,386.4
15,092.8 15,829.0 16,113.1 11,615.7 11,369.9 10,925.8 10,803.7 11,106.5
9,613.1 9,780.5 9,632.8 7,390.5 7,423.2 7,064.7 7,015.2 7,192.2
2,740.8 3,061.4 3,200.6
849.7
978.7
862.8
763.8
Majority interests
558.3
765.8 784.2
299.3 2,407.5
211.3
253.9
234.6
212.7
912.4
Minority interests
13.7
29.9
(47.7)
15.5
11.5
9.1
4.3
11.0
11.1
35.4
Basic earnings per
1,559
share (KRW)
2,142
2,194 1,296 7,191
953
1,147
1,059
959 4,118
Total shareholders' equity
Common stock and
additional paid in capital
Retained earnings
684.9
22,875.8
2,738.8 2,987.2 3,279.8 3,283.9 2,968.0 2,998.3 2,938.8 3,150.5
24,569.1 26,406.8 27,183.8 12,335.1 12,269.5 12,146.6 12,297.1 12,155.2
2,871.1
21,679.4
2,871.3 (11,593.2) (11,529.5) (11,519.0) (11,507.7) (11,536.6)
22,307.1 22,437.3 22,297.1 22,376.7 22,457.0 22,463.7
Other comprehensive
336.5
952.9 1,090.2
735.2
738.0
500.5
556.0
391.2
* Reflecting horizontal spin-off in 2021 and minor readjustments made in 2Q22
1) Depreciation and amortization includes R&D related depreciation
income/loss
Minority interests
671.9
903.4
915.3
755.8
763.9
788.3
791.8
836.9
Post spin-off numbers are reflected from the date of the spin-off in 2021
1) Includes cash & cash equivalents and short-term financial instruments
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