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

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