Innovid Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2012
Period Ending	Dec '12 Dec 31, 2012
Net Income	-1,718
Depreciation & Amortization	122.2
Other Operating Activities	68.23
Change in Other Net Operating Assets	535.53
Operating Cash Flow	-992.05
Capital Expenditures	-387.08
Sale (Purchase) of Intangibles	-353.21
Investment in Securities	-556.36
Other Investing Activities	-40.03
Investing Cash Flow	-1,454
Issuance of Common Stock	4,295
Financing Cash Flow	4,295
Miscellaneous Cash Flow Adjustments	0
Net Cash Flow	1,850
Free Cash Flow	-1,379
Free Cash Flow Margin	-1181.96%

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