Incheon City Gas Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Operating Revenue	775,152	728,489	504,206	504,492	573,464	584,435
Other Revenue	-	-0	-0	-	-	0
Revenue	775,152	728,489	504,206	504,492	573,464	584,435
Revenue Growth (YoY)	42.30%	44.48%	-0.06%	-12.03%	-1.88%	8.71%
Cost of Revenue	707,149	661,103	443,183	436,586	505,051	513,532
Gross Profit	68,004	67,387	61,024	67,906	68,413	70,903
Selling, General & Admin	42,673	42,203	40,822	40,667	40,749	39,497
Amortization of Goodwill & Intangibles	508.34	584.24	541.87	517.93	523.34	518.23
Other Operating Expenses	1,245	1,208	1,146	1,080	967.56	853.46
Operating Expenses	59,798	59,336	57,823	57,134	56,455	52,943
Operating Income	8,206	8,050	3,200	10,772	11,958	17,960
Interest Expense	-660.56	-662.45	-681.01	-852.54	-1,255	-359.35
Interest & Investment Income	3,079	2,369	768.72	905.75	1,526	1,347
Earnings From Equity Investments	-19.76	-	-	-	-	-
Currency Exchange Gain (Loss)	-	-	-	-	-	233.8
Other Non Operating Income (Expenses)	586.69	300.3	1,549	2,760	2,130	1,766
EBT Excluding Unusual Items	11,191	10,057	4,837	13,585	14,360	20,948
Gain (Loss) on Sale of Investments	3,143	4,671	820.73	431.62	-221.34	-195.65
Gain (Loss) on Sale of Assets	-89.66	-178.73	-786.98	171.8	-71.85	-27.34
Asset Writedown	-	-	-	804.2	-105.95	-
Pretax Income	14,245	14,549	4,871	14,993	13,960	20,725
Income Tax Expense	2,286	2,365	1,158	3,607	3,252	4,601
Net Income	11,959	12,184	3,713	11,385	10,708	16,124
Net Income to Common	11,959	12,184	3,713	11,385	10,708	16,124
Net Income Growth	90.79%	228.12%	-67.38%	6.33%	-33.59%	17.45%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	-	-	-	-	-	0.01%
EPS (Basic)	2901.24	2955.91	900.86	2762.10	2597.77	3911.67
EPS (Diluted)	2901.00	2955.91	900.86	2762.00	2597.77	3911.67
EPS Growth	90.77%	228.12%	-67.38%	6.32%	-33.59%	17.43%
Free Cash Flow	20,131	1,499	25,679	-6,744	13,072	-42,307
Free Cash Flow Per Share	4883.69	363.73	6229.84	-1636.00	3171.39	-10263.82
Dividend Per Share	1250.000	1250.000	1250.000	1250.000	1250.000	1250.000
Gross Margin	8.77%	9.25%	12.10%	13.46%	11.93%	12.13%
Operating Margin	1.06%	1.10%	0.64%	2.14%	2.08%	3.07%
Profit Margin	1.54%	1.67%	0.74%	2.26%	1.87%	2.76%
Free Cash Flow Margin	2.60%	0.21%	5.09%	-1.34%	2.28%	-7.24%
EBITDA	24,082	24,005	18,976	26,110	26,532	30,512
EBITDA Margin	3.11%	3.29%	3.76%	5.17%	4.63%	5.22%
D&A For EBITDA	15,876	15,955	15,775	15,338	14,574	12,552
EBIT	8,206	8,050	3,200	10,772	11,958	17,960
EBIT Margin	1.06%	1.10%	0.64%	2.14%	2.08%	3.07%
Effective Tax Rate	16.05%	16.25%	23.77%	24.06%	23.30%	22.20%
Advertising Expenses	-	143.84	140.46	169.01	111.9	81.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.