Sammi Metal Products Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2009	FY 2008
Period Ending	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008
Net Income	4,953	16,888
Depreciation & Amortization	16,519	6,625
Loss (Gain) From Sale of Assets	-138.84	-174.99
Loss (Gain) From Sale of Investments	-24.93	-2,954
Loss (Gain) on Equity Investments	-1,463	-4,264
Provision & Write-off of Bad Debts	155.53	17.14
Other Operating Activities	-111.26	817.31
Change in Accounts Receivable	-7,350	-892.91
Change in Inventory	-83,844	-15,351
Change in Accounts Payable	20,846	1,684
Change in Income Taxes	-648.06	-
Change in Other Net Operating Assets	26,937	-1,807
Operating Cash Flow	-23,919	586.88
Capital Expenditures	-23,731	-12,719
Sale of Property, Plant & Equipment	1,178	175
Sale (Purchase) of Intangibles	-48.16	-15.08
Investment in Securities	1,403	-31,515
Other Investing Activities	69.95	23.9
Investing Cash Flow	-44,038	-45,148
Short-Term Debt Issued	165,480	174,267
Long-Term Debt Issued	75,469	5,875
Total Debt Issued	240,949	180,142
Short-Term Debt Repaid	-155,992	-133,619
Long-Term Debt Repaid	-15,569	-1,494
Total Debt Repaid	-171,561	-135,113
Net Debt Issued (Repaid)	69,388	45,029
Issuance of Common Stock	262.16	-
Other Financing Activities	-130.03	0
Financing Cash Flow	69,520	45,029
Miscellaneous Cash Flow Adjustments	-3.99	1,096
Net Cash Flow	1,559	1,563
Free Cash Flow	-47,650	-12,132
Free Cash Flow Margin	-19.78%	-4.87%
Free Cash Flow Per Share	-	-999.30
Levered Free Cash Flow	16,340	-
Unlevered Free Cash Flow	26,144	-
Change in Net Working Capital	-25,391	-

Source: S&P Capital IQ. Standard template. Financial Sources.