PANDORA TV Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2013	FY 2012	FY 2008	FY 2007
Period Ending	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007
Operating Revenue	11,000	10,331	7,457	8,570
Other Revenue	-0	-	-	-
Revenue	11,000	10,331	7,457	8,570
Revenue Growth (YoY)	6.48%	38.55%	-12.99%	-
Cost of Revenue	6,817	6,331	13,581	14,236
Gross Profit	4,183	4,000	-6,124	-5,666
Selling, General & Admin	2,297	2,686	2,006	2,249
Research & Development	169.54	179.47	82.46	25
Other Operating Expenses	21.66	37.49	73.75	23.74
Operating Expenses	2,651	2,879	2,718	2,555
Operating Income	1,532	1,121	-8,842	-8,220
Interest Expense	-489.47	-474.38	-329.22	-132.59
Interest & Investment Income	2.38	0.58	38.99	235.75
Currency Exchange Gain (Loss)	-72.39	60.79	-160.8	-0.65
Other Non Operating Income (Expenses)	-133.42	-54.51	34.79	135.6
EBT Excluding Unusual Items	839	653.12	-9,258	-7,982
Gain (Loss) on Sale of Investments	-	-400.97	-160.36	-
Gain (Loss) on Sale of Assets	0.27	220.9	-1.34	-4.04
Asset Writedown	-	-	-	-18.75
Pretax Income	839.27	473.05	-9,420	-8,005
Net Income	839.27	473.05	-9,420	-8,005
Net Income to Common	839.27	473.05	-9,420	-8,005
Net Income Growth	77.42%	-	-	-
Shares Outstanding (Basic)	5	5	4	4
Shares Outstanding (Diluted)	5	5	4	4
Shares Change (YoY)	0.19%	17.96%	0.04%	-
EPS (Basic)	170.00	96.00	-2255.00	-1917.00
EPS (Diluted)	170.00	96.00	-2255.00	-1917.00
EPS Growth	77.08%	-	-	-
Free Cash Flow	1,040	828.27	-7,413	-9,558
Free Cash Flow Per Share	210.60	168.09	-1774.55	-2288.94
Gross Margin	38.03%	38.72%	-82.13%	-66.11%
Operating Margin	13.93%	10.85%	-118.57%	-95.91%
Profit Margin	7.63%	4.58%	-126.32%	-93.40%
Free Cash Flow Margin	9.45%	8.02%	-99.41%	-111.52%
EBITDA	2,204	1,702	-7,949	-7,209
EBITDA Margin	20.04%	16.48%	-106.60%	-84.12%
D&A For EBITDA	672.24	581.56	892.86	1,011
EBIT	1,532	1,121	-8,842	-8,220
EBIT Margin	13.93%	10.85%	-118.57%	-95.91%
Advertising Expenses	333.74	426.47	427.18	139.02

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