You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
한국희, Analyst, 3774 1474, cookie@mirae<strong>asset</strong>.com 롯데쇼핑 25 April 2011<br />
Summary financial statements<br />
Profit & Loss<br />
023530 KS<br />
(KRWb) Dec-09A Dec-10A Dec-11E Dec-12E Dec-13E<br />
Revenue 11,535<br />
Cost of goods sold (7,960)<br />
Gross profit 3,575<br />
SG and A (2,699)<br />
Op profit 876<br />
Op EBITDA 1,280<br />
Depreciation (373)<br />
Amortisation (30)<br />
Op EBIT 876<br />
Net interest (35)<br />
Associates and JCEs 139<br />
Other income (41)<br />
Net exceptional income -<br />
Profit before tax 940<br />
Tax (223)<br />
Post-tax profit 716<br />
Minorities<br />
Preferred dividends<br />
-<br />
Net income 716<br />
Norm profit 716<br />
Dividends (36)<br />
Retained earnings 680<br />
Source: C ompany data, <strong>Mirae</strong> A sset Research estimates<br />
Cashflow<br />
13,517<br />
(9,335)<br />
4,182<br />
(3,034)<br />
1,148<br />
1,507<br />
(296)<br />
(62)<br />
1,148<br />
(97)<br />
129<br />
146<br />
-<br />
1,327<br />
(317)<br />
1,010<br />
-<br />
1,010<br />
1,010<br />
(44)<br />
967<br />
14,800<br />
(10,287)<br />
4,513<br />
(3,237)<br />
1,276<br />
1,713<br />
(354)<br />
(83)<br />
1,276<br />
(153)<br />
150<br />
259<br />
-<br />
1,532<br />
(349)<br />
1,183<br />
-<br />
1,183<br />
1,183<br />
(51)<br />
1,132<br />
16,077<br />
(11,173)<br />
4,904<br />
(3,472)<br />
1,432<br />
1,966<br />
(462)<br />
(72)<br />
1,432<br />
(141)<br />
180<br />
145<br />
-<br />
1,616<br />
(362)<br />
1,254<br />
-<br />
1,254<br />
1,254<br />
(54)<br />
1,200<br />
17,150<br />
(11,757)<br />
5,392<br />
(3,836)<br />
1,557<br />
2,093<br />
(474)<br />
(63)<br />
1,557<br />
(189)<br />
200<br />
125<br />
-<br />
1,693<br />
(379)<br />
1,314<br />
-<br />
1,314<br />
1,314<br />
(57)<br />
1,257<br />
(KRWb) Dec-09A Dec-10A Dec-11E Dec-12E Dec-13E<br />
Op EBITDA 1,280<br />
Decrease in working capital 136<br />
Other operating cashflow 918<br />
Operating cashflow 2,334<br />
Tax paid (223)<br />
Net interest (35)<br />
Dividends received (1,015)<br />
Cashflow 1,061<br />
Capital expenditure (916)<br />
Net acquisitions -<br />
Net investments (108)<br />
Other investing cashflow (903)<br />
Investing cashflow (1,927)<br />
Dividends paid (36)<br />
Increase in equity -<br />
Increase in debt 777<br />
Other financing cashflow 141<br />
Financing cash flow 883<br />
Beginning cash 513<br />
Total cash generated<br />
Forex effects<br />
17<br />
Ending cash 530<br />
Source: C ompany data, <strong>Mirae</strong> A sset Research estimates<br />
1,507<br />
8<br />
840<br />
2,355<br />
(317)<br />
(97)<br />
(796)<br />
1,145<br />
(395)<br />
-<br />
(21)<br />
(1,800)<br />
(2,217)<br />
(36)<br />
-<br />
1,319<br />
(41)<br />
1,242<br />
530<br />
170<br />
700<br />
1,713<br />
284<br />
459<br />
2,456<br />
(349)<br />
(153)<br />
48<br />
2,002<br />
(2,498)<br />
-<br />
(5)<br />
(31)<br />
(2,534)<br />
(44)<br />
-<br />
350<br />
93<br />
399<br />
700<br />
(132)<br />
568<br />
1,966<br />
95<br />
210<br />
2,272<br />
(362)<br />
(141)<br />
76<br />
1,844<br />
(2,250)<br />
-<br />
4<br />
72<br />
(2,174)<br />
(51)<br />
-<br />
-<br />
-<br />
(51)<br />
568<br />
(380)<br />
187<br />
2,093<br />
124<br />
163<br />
2,380<br />
(379)<br />
(189)<br />
94<br />
1,906<br />
(2,027)<br />
-<br />
7<br />
87<br />
(1,933)<br />
(54)<br />
-<br />
-<br />
-<br />
(54)<br />
187<br />
(81)<br />
106<br />
42
Change language