Q Capital Partners Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2010	FY 2009
Period Ending	Dec '10 Dec 31, 2010	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009
Net Income	11,542	11,542	-4,856
Depreciation & Amortization	7,697	7,697	4,023
Other Amortization	-	-	21.07
Loss (Gain) From Sale of Investments	5,117	5,117	211.24
Asset Writedown & Restructuring Costs	-	-	33.07
Provision for Credit Losses	324.39	324.39	-145.75
Loss (Gain) on Equity Investments	-	-	-64.78
Change in Accounts Payable	18,817	18,817	2,405
Change in Unearned Revenue	-	-	-327.32
Change in Trading Asset Securities	-26.59	-26.59	-1,534
Change in Income Taxes	-445.61	-445.61	420.34
Change in Other Net Operating Assets	-46,408	-46,408	-23,642
Other Operating Activities	-3,864	-3,864	9,654
Operating Cash Flow	-11,003	-11,003	-16,061
Capital Expenditures	-5,873	-5,873	-2,337
Sale of Property, Plant & Equipment	22.76	22.76	180.88
Sale (Purchase) of Intangibles	-15	-15	-870.39
Investment in Securities	-422.97	-422.97	-11,031
Net Decrease (Increase) in Loans Originated / Sold - Investing	-89	-89	188.56
Other Investing Activities	-4,485	-4,485	-46,403
Investing Cash Flow	-10,863	-10,863	-60,609
Short-Term Debt Issued	-	-	6,692
Long-Term Debt Issued	71,616	71,616	44,587
Total Debt Issued	71,616	71,616	51,279
Short-Term Debt Repaid	-	-	-26,136
Long-Term Debt Repaid	-63,738	-63,738	-6,154
Total Debt Repaid	-63,738	-63,738	-32,290
Net Debt Issued (Repaid)	7,878	7,878	18,990
Issuance of Common Stock	-	-	6,961
Total Dividends Paid	-1,995	-1,995	-
Other Financing Activities	24,642	24,642	54,404
Financing Cash Flow	30,526	30,526	80,354
Net Cash Flow	8,659	8,659	10,545
Free Cash Flow	-16,877	-16,877	-18,398
Free Cash Flow Margin	-14.36%	-14.36%	-22.14%
Free Cash Flow Per Share	-211.50	-211.50	-230.57

Source: S&P Capital IQ. Financial Services template. Financial Sources.