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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	14,364	3,664	7,539	12,870	10,048	6,975
Short-Term Investments	29,425	31,829	30,241	3,000	3,000	3,000
Cash & Short-Term Investments	43,789	35,493	37,780	15,870	13,048	9,975
Cash Growth	24.51%	-6.05%	138.06%	21.63%	30.81%	69.39%
Accounts Receivable	11,751	16,188	16,774	6,701	5,906	7,736
Other Receivables	8.85	263.33	348.28	4.69	5.66	12.26
Receivables	11,760	16,452	17,123	6,706	5,912	7,748
Inventory	5,781	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	1,309	174.02	525.71	607.4	106.29	0
Total Current Assets	62,639	57,363	60,118	27,825	22,200	20,783
Property, Plant & Equipment	21,366	23,565	24,068	16,918	16,195	17,287
Long-Term Investments	772.21	768.61	1,051	1,058	934.89	1,147
Other Intangible Assets	685.5	798.64	584.36	606.86	631.07	451.27
Long-Term Accounts Receivable	-	-	-	-	-	0
Long-Term Deferred Tax Assets	1,192	953.75	773.32	850.27	1,205	1,295
Other Long-Term Assets	1,771	1,664	2,777	917.55	586.35	579.79
Total Assets	88,426	85,113	89,371	48,176	41,752	41,544
Accounts Payable	407.93	387.82	390.75	518.72	438.91	319.05
Accrued Expenses	2,309	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	1,303	1,276	1,033	804.05	604.8	586.95
Current Income Taxes Payable	871.13	-	1,614	1,291	333.61	1,143
Other Current Liabilities	4,904	5,596	7,152	5,279	3,619	3,776
Total Current Liabilities	21,196	20,510	11,855	9,374	17,805	18,686
Long-Term Debt	-	-	11,400	11,400	-	-
Long-Term Leases	1,597	2,573	3,133	66.91	111.67	-
Long-Term Unearned Revenue	-	-	-	-	100	-
Other Long-Term Liabilities	566.22	507.98	449.21	558.09	511.33	465.56
Total Liabilities	23,359	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	34,026	30,978	32,665	23,923	19,260	18,095
Comprehensive Income & Other	1,244	747.69	73.26	20.39	-22.94	-1.45
Shareholders' Equity	65,067	61,522	62,535	26,633	21,927	20,784
Total Liabilities & Equity	88,426	85,113	89,371	48,176	41,752	41,544
Total Debt	14,300	15,249	15,565	12,271	12,116	11,987
Net Cash (Debt)	29,489	20,245	22,215	3,600	931.63	-2,012
Net Cash Growth	50.46%	-8.87%	517.18%	286.37%	-	-
Net Cash Per Share	4610.00	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	41,444	36,853	48,263	18,452	4,395	2,097
Book Value Per Share	10171.97	9617.77	9776.08	4962.70	4085.76	3872.72
Tangible Book Value	64,382	60,723	61,950	26,026	21,296	20,332
Tangible Book Value Per Share	10064.80	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	23,029	22,248	20,676	18,980	17,725	17,307
Construction In Progress	94.96	70.79	-	-	-	47.53

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