Hwacheon Machinery Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006	2001 - 2005
Period Ending	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	2001 - 2005
Net Income	-	5,048	6,250	4,574	3,605	Upgrade
Depreciation & Amortization	-	2,732	2,841	1,638	2,097	Upgrade
Loss (Gain) From Sale of Assets	-	-411.74	-5.38	-262.36	-22.92	Upgrade
Loss (Gain) From Sale of Investments	-	-294.97	-19.09	-178	-	Upgrade
Loss (Gain) on Equity Investments	-	-106.37	-82.98	-619.26	-95.04	Upgrade
Provision & Write-off of Bad Debts	-	-351.73	570.31	-617.54	200.92	Upgrade
Other Operating Activities	-	1,520	1,490	1,320	1,103	Upgrade
Change in Accounts Receivable	-	-2,515	-742.87	6,823	579.73	Upgrade
Change in Inventory	-	-1,204	-1,938	-2,854	-717.22	Upgrade
Change in Accounts Payable	-	272.69	833.87	-1,216	2,312	Upgrade
Change in Income Taxes	-	-1,035	1,041	243.56	-1,040	Upgrade
Change in Other Net Operating Assets	-	1,109	-1,798	1,241	-4,603	Upgrade
Operating Cash Flow	-	4,845	8,295	10,248	3,124	Upgrade
Operating Cash Flow Growth	-	-41.59%	-19.06%	228.03%	-61.33%	Upgrade
Capital Expenditures	-	-8,573	-6,049	-10,018	-914.57	Upgrade
Sale of Property, Plant & Equipment	-	-	10.53	67.87	16.58	Upgrade
Investment in Securities	-	-1,439	-5,103	3,437	658.88	Upgrade
Other Investing Activities	-	-270.83	-458.02	-365.31	-612.95	Upgrade
Investing Cash Flow	-	-10,273	-11,641	-6,879	-842.17	Upgrade
Short-Term Debt Issued	-	-	-	-	950	Upgrade
Long-Term Debt Issued	-	5,700	8,000	-	-	Upgrade
Total Debt Issued	-	5,700	8,000	-	950	Upgrade
Short-Term Debt Repaid	-	-	-	-	-950	Upgrade
Long-Term Debt Repaid	-	-1,500	-	-	-	Upgrade
Total Debt Repaid	-	-1,500	-	-	-950	Upgrade
Net Debt Issued (Repaid)	-	4,200	8,000	-	-	Upgrade
Common Dividends Paid	-	-1,386	-1,386	-1,386	-1,485	Upgrade
Financing Cash Flow	-	2,814	6,614	-1,386	-1,485	Upgrade
Net Cash Flow	-	-2,613	3,268	1,983	797.1	Upgrade
Free Cash Flow	-	-3,728	2,246	230.35	2,210	Upgrade
Free Cash Flow Growth	-	-	875.03%	-89.58%	-71.00%	Upgrade
Free Cash Flow Margin	-	-2.46%	1.49%	0.18%	1.71%	Upgrade
Free Cash Flow Per Share	-	-188.27	113.43	11.63	111.60	Upgrade
Levered Free Cash Flow	-	-6,680	-29.44	-656.69	1,700	Upgrade
Unlevered Free Cash Flow	-	-6,348	274.63	-656.69	1,700	Upgrade
Change in Working Capital	-	-3,290	-2,750	4,393	-3,764	Upgrade

Updated Nov 14, 2013. Source: S&P Global Market Intelligence. Standard template. Financial Sources.