c-usersminheedownloadsnon consolidated financial statements(december 2012) (1)

7/29/2019 C-UsersminheeDownloadsNon Consolidated Financial Statements(December 2012) (1)

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E-MART Co., Ltd.Separate Statements of Financial PositionDecember 31, 2012 and 2011

3

(In millions of Korean won)

Notes 2012 2011

As set s

Current assets

Cash and cash equivalents 4,6,7 \ 15,441 \ 23,402

Trade and other receivables 4,6,9,37 246,425 214,993

Inventories 10 530,008 479,218

Other short-term financial assets 4,6,16 58,000 39,800

Other current assets 17 26,533 40,861

Total current assets 876,407 798,274

Non-current assets

Property, plant and equipment 11 7,508,479 7,066,969

Investment property 11 176,260 188,720

Intangible assets 12 34,208 31,030Investments in associates and jointly

controlled entities13 739,872 711,197

Available-for-sale financial assets 4,6,14 1,415,640 1,214,910

Long-term derivative assets 4,6,15 - 24,518

Other long-term financial assets 4,6,8,16 333,590 331,098

Other non-current assets 17 258,598 254,300

Total non-current assets 10,466,647 9,822,742

Total assets \11,343,054 \10,621,016


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E-MART Co., Ltd.Separate Statements of Financial PositionDecember 31, 2012 and 2011

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Notes 2012 2011

Liabilities and Equity

Current liabilities

Trade and other payables 4,6,18,37 \ 958,099 \ 982,828

Short-term borrowings 4,6,19 1,240,885 1,112,683

Short-term derivative liabilities 4,6,15 35,401 9,482

Gift vouchers payable 319,985 280,776

Income taxes payable 79,730 104,816

Other short-term financial liabilities 4,6,21 207,914 193,435

Other current liabilities 22,23 59,618 14,756Total current liabilities 2,901,632 2,698,776

Non-current liabilities

Long-term borrowings 4,6,19 1,768,697 1,753,128

Long-term derivative liabilities 4,6,15 30,121 7,299

Retirement benefit obligations 20 70,383 67,752

Deferred income tax liabilities 33 453,953 402,381

Other long-term financial liabilities 4,6,21 134,401 131,781

Other non-current liabilities 22 48,377 53,889

Total non-current liabilities 2,505,932 2,416,230Total liabilities 5,407,564 5,115,006

Equity

Capital stock 24 139,379 139,379

Capital surplus 24 4,193,534 4,193,534

Retained earnings 25 501,460 238,276

Other components of equity 26 1,101,117 934,821

Total equity 5,935,490 5,506,010

Total liabilities and equity \11,343,054 \10,621,016

The accompanying notes are an integral part of these separate financial statements.


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E-MART Co., Ltd.Separate Statements of Income

Year Ended December 31, 2012 and Eight-mon th Perio d Ended December 31, 2011

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(In millions of Korean won, except per share amounts)

Notes 2012 2011

Sales 5,27,37 \10,939,021 \7,220,977

Cost of sales 28,37 7,782,434 5,153,351

Gross profit 3,156,587 2,067,626

Selling and administrative expenses 28,29,30,37 2,380,656 1,474,493

Operating profit 5 775,931 593,133

Other income 31 14,931 11,664

Other expenses 31 23,041 9,456

Financial income 32 162,870 149,955

Financial expense 32 245,339 199,875Impairement losses 13 219,296 182,568

Profit before income tax 466,056 362,853

Income tax expense 33 158,729 115,258

Profit for the period \ 307,327 \ 247,595

Earnings per share 34

Basic earnings per share \ 11,029 \ 8,886

Diluted earnings per share \ 11,029 \ 8,886



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E-MART Co., Ltd.Separate Statements of Comprehensive Income


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Notes 2012 2011

Profit for the period \ 307,327 \ 247,595

Other comprehensive inc ome (loss)

Change in value of available-for-salefinancial assets

6 200,729 (235,965)

Gains (losses) on valuation of derivatives 15 18,660 (13,822)

Actuarial losses 20 (30,666) (9,319)

Income tax of other comprehensive income 26,33 (45,671) 28,987

Other comprehensive income (loss),net of tax

143,052 (230,119)

Total com prehensive income for theperiod \ 450,379 \ 17,476



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E-MART Co., Ltd.Separate Statements of Changes in Equity

Year End ed December 31, 2012 and Eight-mont h Period Ended December 31, 2011

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Other

Capital Capital Retained components Total

stock surplus earnings of equity equity

Balance as of May 1, 2011 \ 139,379 \ 4,194,251 \ - \ 1,158,222 \ 5,491,852

Comprehensive income

Profit for the period - - 247,595 - 247,595

Other comprehensive income(loss) - - - - -

Change in value of available-for-sale financial assets - - - (210,528) (210,528)

Gains(losses) on valuation of derivatives - - - (10,272) (10,272)

Actuarial losses - - (9,319) - (9,319)Total other comprehensive income - - (9,319) (220,800) (230,119)

Total Comprehensive income - - 238,276 (220,800) 17,476

Transactions with owners

Acquisition of treasury stock - - - (2,601) (2,601)

Others - (717) - - (717)

Total transactions with owners - (717) - (2,601) (3,318)

Balance as of December 31, 2011 \ 139,379 \ 4,193,534 \ 238,276 \ 934,821 \ 5,506,010


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E-MART Co., Ltd.Separate Statements of Changes in Equity

Year End ed December 31, 2012 and Eight-mont h Period Ended December 31, 2011

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Other

Capital Capital Retained components Total

s ock surplus earnings of equity equity

Balance as of January 1, 2012 \ 139,379 \ 4,193,534 \ 238,276 \ 934,821 \ 5,506,010

Comprehensive income

Profit for the year - - 307,327 - 307,327

Other comprehensive income (loss)

Change in value of available-for-sale financial assets - - - 152,153 152,153Gains (losses) on valuation of derivatives - - - 14,144 14,144

Actuarial losses - - (23,245) - (23,245)Total other comprehensive income - - (23,245) 166,297 143,052

Total Comprehensive income - - 284,082 166,297 450,379

Transactions with owners

Year-end dividends paid - - (20,898) - (20,898)

Acquisition of treasury stock - - - (1) (1)

Total transactions with owners - - (20,898) (1) (20,899)

Balance as of December 31, 2012 \ 139,379 \ 4,193,534 \ 501,460 \ 1,101,117 \ 5,935,490



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E-MART Co., Ltd.Separate Statements of Cash Flows


9


Notes 2012 2011

Cash flo ws f rom operating activities

Cash generated from operations 35 \ 983,958 \ 684,455

Interest paid (111,115) (84,211)

Interest received 1,679 610

Dividends received 31,363 29,525

Income tax paid (177,913) (33)

Net cash generated from operating activities 727,972 630,346

Cash flow s from investing activities

Proceeds from disposal of property, plant andequipment 41,155 902

Acquisition of property, plant and equipment (731,746) (335,130)

Acquisition of investment property - (193)

Proceeds from disposal of intangible assets 1,679 4

Acquisition of intangible assets (8,713) (3,307)

Acquisition of new subsidiaries (171,465) (225,514)Acquisition of additional shares in existing

subsidiaries (63,602) (59,216)

Net cash used in investing activities (932,692) (622,454)

Cash flow s from financing activities

Increase in borrowings 1,068,005 887,900

Repayment of borrowings (830,660) (936,954)

Increase(Decrease) in derivatives (19,689) 49,239

Dividends paid (20,896) -

Purchase of treasury stock (1) (2,600)

Payment of incorporation expenses - (717)

Net cash generated from used in financingactivities 196,759 (3,132)

Net i ncrease(decrease) in cash and cashequivalents (7,961) 4,760

Cash and Cash equivalentsBeginning of the period 23,402 18,642

End of the period \ 15,441 \ 23,402


c-usersminheedownloadsnon consolidated financial statements(december 2012) (1)

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