Tae Sung System Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	33,193	26,461
Revenue Growth (YoY)	25.44%	-
Cost of Revenue	25,870	18,807
Gross Profit	7,323	7,654
Selling, General & Admin	2,467	1,687
Research & Development	609.15	417.88
Amortization of Goodwill & Intangibles	75.08	80.27
Other Operating Expenses	96.73	94.12
Operating Expenses	3,768	2,608
Operating Income	3,555	5,046
Interest Expense	-689.88	-316.7
Interest & Investment Income	71.1	20.82
Currency Exchange Gain (Loss)	3.87	35.15
Other Non Operating Income (Expenses)	-1,086	10.83
EBT Excluding Unusual Items	1,853	4,797
Gain (Loss) on Sale of Investments	24.68	0.48
Gain (Loss) on Sale of Assets	-0.36	526.92
Pretax Income	1,878	5,324
Income Tax Expense	-292.22	1,913
Earnings From Continuing Operations	2,170	3,411
Minority Interest in Earnings	53.54	-139.35
Net Income	2,224	3,272
Preferred Dividends & Other Adjustments	2,007	2,631
Net Income to Common	216.92	640.96
Net Income Growth	-32.05%	-
Shares Outstanding (Basic)	0	0
Shares Outstanding (Diluted)	0	0
Shares Change (YoY)	12.31%	-
EPS (Basic)	2096.57	6957.70
EPS (Diluted)	2070.00	6957.70
EPS Growth	-70.25%	-
Free Cash Flow	-3,397	6,480
Free Cash Flow Per Share	-32836.78	70340.40
Gross Margin	22.06%	28.93%
Operating Margin	10.71%	19.07%
Profit Margin	0.65%	2.42%
Free Cash Flow Margin	-10.23%	24.49%
EBITDA	4,239	5,558
EBITDA Margin	12.77%	21.01%
D&A For EBITDA	684.19	511.94
EBIT	3,555	5,046
EBIT Margin	10.71%	19.07%
Effective Tax Rate	-	35.92%
Advertising Expenses	73.87	98.5