Hwacheon Machinery Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006	2001 - 2005
Period Ending	Sep '11 Sep 30, 2011	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 Net Working Capital	-3,269	-	3,416	323.54	-5,080	1,962	Upgrade

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