Model Solution Co., Ltd. (KOSDAQ: 417970)

Model Solution Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	9,374	3,664	7,539	12,870	10,048	6,975
Short-Term Investments	27,639	31,829	30,241	3,000	3,000	3,000
Cash & Short-Term Investments	37,014	35,493	37,780	15,870	13,048	9,975
Cash Growth	9.58%	-6.05%	138.06%	21.63%	30.81%	69.39%
Accounts Receivable	17,170	16,188	16,774	6,701	5,906	7,736
Other Receivables	4.4	263.33	348.28	4.69	5.66	12.26
Receivables	17,174	16,452	17,123	6,706	5,912	7,748
Inventory	4,451	4,756	4,288	4,236	2,982	2,764
Prepaid Expenses	-	487.33	400.54	405.89	152.15	296.49
Other Current Assets	959.56	174.02	525.71	607.4	106.29	0
Total Current Assets	59,598	57,363	60,118	27,825	22,200	20,783
Property, Plant & Equipment	22,189	23,565	24,068	16,918	16,195	17,287
Long-Term Investments	793.55	768.61	1,051	1,058	934.89	1,147
Other Intangible Assets	729.63	798.64	584.36	606.86	631.07	451.27
Long-Term Accounts Receivable	-	-	-	-	-	0
Long-Term Deferred Tax Assets	1,083	953.75	773.32	850.27	1,205	1,295
Other Long-Term Assets	1,608	1,664	2,777	917.55	586.35	579.79
Total Assets	86,001	85,113	89,371	48,176	41,752	41,544
Accounts Payable	294.32	387.82	390.75	518.72	438.91	319.05
Accrued Expenses	1,798	1,851	1,665	1,481	1,409	1,460
Short-Term Debt	11,400	-	-	-	11,400	-
Current Portion of Long-Term Debt	-	11,400	-	-	-	11,400
Current Portion of Leases	1,300	1,276	1,033	804.05	604.8	586.95
Current Income Taxes Payable	561.77	-	1,614	1,291	333.61	1,143
Other Current Liabilities	4,967	5,596	7,152	5,279	3,619	3,776
Total Current Liabilities	20,321	20,510	11,855	9,374	17,805	18,686
Long-Term Debt	-	-	11,400	11,400	-	-
Long-Term Leases	1,931	2,573	3,133	66.91	111.67	-
Long-Term Unearned Revenue	-	-	-	-	100	-
Other Long-Term Liabilities	543.78	507.98	449.21	558.09	511.33	465.56
Total Liabilities	22,795	23,591	26,837	21,543	19,825	20,760
Common Stock	3,198	3,198	3,198	2,683	938.24	938.24
Additional Paid-In Capital	26,598	26,598	26,598	6.79	1,752	1,752
Retained Earnings	32,343	30,978	32,665	23,923	19,260	18,095
Comprensive Income & Other	1,066	747.69	73.26	20.39	-22.94	-1.45
Shareholders' Equity	63,206	61,522	62,535	26,633	21,927	20,784
Total Liabilities & Equity	86,001	85,113	89,371	48,176	41,752	41,544
Total Debt	14,630	15,249	15,565	12,271	12,116	11,987
Net Cash (Debt)	22,383	20,245	22,215	3,600	931.63	-2,012
Net Cash Growth	21.58%	-8.87%	517.18%	286.37%	-	-
Net Cash Per Share	3499.20	3164.87	3946.49	670.71	173.59	-374.98
Filing Date Shares Outstanding	6.4	6.4	6.4	5.37	5.37	5.37
Total Common Shares Outstanding	6.4	6.4	6.4	5.37	5.37	5.37
Working Capital	39,277	36,853	48,263	18,452	4,395	2,097
Book Value Per Share	9880.98	9617.77	9776.08	4962.70	4085.76	3872.72
Tangible Book Value	62,476	60,723	61,950	26,026	21,296	20,332
Tangible Book Value Per Share	9766.92	9492.91	9684.72	4849.62	3968.17	3788.64
Land	7,403	7,403	7,403	7,403	7,403	7,403
Buildings	5,769	5,769	5,817	5,817	5,817	5,817
Machinery	22,955	22,248	20,676	18,980	17,725	17,307
Construction In Progress	-	70.79	-	-	-	47.53

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