Wiworld Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2012	FY 2011	FY 2008	FY 2007
Period Ending	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007
Net Income	973.68	2,012	73.45	147.52
Depreciation & Amortization	995.68	779.75	447.39	293.32
Asset Writedown & Restructuring Costs	-	-	467.23	-
Loss (Gain) From Sale of Investments	9.9	19.99	-	-
Provision & Write-off of Bad Debts	41.77	15.49	-6.78	7.2
Other Operating Activities	134.11	181.03	310.21	97.18
Change in Accounts Receivable	-1,020	-908.88	326.17	-737.56
Change in Inventory	-772.59	-700	-64.63	-89.13
Change in Accounts Payable	138.23	71.46	-195.06	456.19
Change in Other Net Operating Assets	-127.71	-342.48	-258.59	22.49
Operating Cash Flow	373.36	1,128	1,099	197.2
Operating Cash Flow Growth	-66.92%	2.65%	457.51%	-
Capital Expenditures	-1,072	-316.68	-331.36	-97.78
Sale (Purchase) of Intangibles	-1,921	-888.24	-488.9	-1,064
Investment in Securities	-463.6	128.98	-69.55	-175.58
Other Investing Activities	-0	0	0.21	8.08
Investing Cash Flow	-3,469	-1,045	-889.59	-1,329
Short-Term Debt Issued	1,414	1,714	783.99	737.44
Long-Term Debt Issued	739.85	400	123.71	933.24
Total Debt Issued	2,154	2,114	907.7	1,671
Short-Term Debt Repaid	-1,714	-906.45	-	-431.95
Long-Term Debt Repaid	-813.11	-1,419	-969.4	-523.16
Total Debt Repaid	-2,527	-2,325	-969.4	-955.11
Net Debt Issued (Repaid)	-373.53	-210.78	-61.71	715.57
Issuance of Common Stock	4,048	192	100	200
Dividends Paid	-198.4	-	-	-
Other Financing Activities	148.55	6.4	-8.16	140.18
Financing Cash Flow	3,624	-12.38	30.14	1,056
Net Cash Flow	528.42	71.16	239.94	-76.02
Free Cash Flow	-698.98	811.81	768.04	99.42
Free Cash Flow Growth	-	5.70%	672.52%	-
Free Cash Flow Margin	-6.63%	7.90%	15.00%	2.35%
Free Cash Flow Per Share	-273.51	436.13	480.98	70.76
Levered Free Cash Flow	-2,851	-	79.93	-
Unlevered Free Cash Flow	-2,749	-	266.83	-
Change in Working Capital	-1,782	-1,880	-192.11	-348.01

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