JYP Entertainment Corp.

035900 (S. Korea: Kosdaq)

Statement of Financial Performance

(Amount in KRW Millions)

Fiscal year is January-December 2015 2014 2013 2012 2011

Sales/Revenue 50,557 48,482 21,324 15,067 10,237

Sales Growth 4.28% 127.36% 41.53% 47.18% -

Cost of Goods Sold (COGS) incl. D&A 35,225 30,474 13,305 11,831 8,247

COGS excluding D&A 32,746 29,998 12,873 11,397 7,680

Depreciation & Amortization Expense 2,479 477 432 434 568

Depreciation 328 332 293 322 16

Amortization of Intangibles 2,150 145 138 112 551

COGS Growth 15.59% 129.05% 12.45% 43.46% -

Gross Income 15,332 18,008 8,020 3,236 1,990

Gross Income Growth -14.86% 124.55% 147.84% 62.60% -

Gross Profit Margin 30.33% - - - -

SG&A Expense 11,002 9,692 10,496 9,538 1,488

Other SG&A 11,002 9,692 10,496 9,538 1,488

SGA Growth 13.51% -7.66% 10.04% 540.89% -

Other Operating Expense 132 59 77 225 405

EBIT 4,199 8,257 -2,553 -6,527 -

Unusual Expense 447 584 574 1,165 -3

Non Operating Income/Expense 444 675 -461 -2,327 1

Non-Operating Interest Income 270 329 388 255 332

Interest Expense 595 536 579 109 176

Interest Expense Growth 11.09% -7.41% 433.03% -38.43% -

Gross Interest Expense 595 536 579 109 176

Pretax Income 3,870 8,141 -3,779 -9,873 257

Pretax Income Growth -52.46% 315.44% 61.73% -3936.42% -

 Pretax Margin 7.65% - - - -

Income Tax 601 291 166 - -

Income Tax Credits 601 291 - - -

Equity in Affiliates -46 - - - -

Consolidated Net Income 3,223 7,850 -3,945 -9,873 257

Minority Interest Expense 33 148 -231 -580 -

Net Income 3,190 7,702 -3,713 -9,293 257

Net Income Growth -58.58% 307.42% 60.04% -3711.19% -

Net Margin 6.31% - - - -

Net Income After Extraordinaries 3,190 7,702 -3,713 -9,293 257

Net Income Available to Common 3,190 7,702 -3,713 -9,293 257

EPS (Basic) 102 246 -144 -400 15

EPS (Basic) Growth -58.54% 270.83% 64.00% -2766.67% -

Basic Shares Outstanding 31 31 26 23 18

EPS (Diluted) 101.78 246.45 -143.76 -399.57 14.67

EPS (Diluted) Growth -58.70% 271.43% 64.02% -2824.58% -

Diluted Shares Outstanding 31 31 26 23 18

EBITDA 6,677 8,733 -2,122 -6,093 665

EBITDA Growth -23.54% 511.61% 65.18% -1016.71% -

EBITDA Margin 13.21% - - - -

EBIT 4,199 8,257 -2,553 -6,527 -

Reference:
The Wall Street Journal. (2016). [Tabular representation of JPY Entertainment Corp.’s Annual Income Statement from 2011-2015].
Retrieved from http://quotes.wsj.com/KR/XKOS/035900/financials/annual/income-statement
 JYP Entertainment Corp.
035900 (S. Korea: Kosdaq)

Statement of Financial Position

(Amount in KRW Millions)

Fiscal year is January-December 2015 2014 2013 2012 2011

Assets
Cash & Short Term Investments 16,865 21,299 18,561 15,760 15,276

Cash Only 12,865 15,349 10,905 7,121 11,260

Short-Term Investments 4,000 5,950 7,656 8,639 4,016

Cash & Short Term Investments Growth -20.81% 14.75% 17.77% 3.17% -

Cash & ST Investments / Total Assets 22.76% 28.83% 26.90% 64.11% 66.31%

Total Accounts Receivable 6,955 6,406 8,477 2,149 699

Accounts Receivables, Net 6,270 6,195 8,098 2,138 669

Accounts Receivables, Gross 6,981 7,947 10,416 3,381 1,503

Bad Debt/Doubtful Accounts -711 -1,751 -2,318 -1,244 -834

Other Receivables 685 211 379 11 30

Accounts Receivable Growth 8.56% -24.43% 294.44% 207.47% -

Accounts Receivable Turnover 7.27 7.57 2.52 7.01 14.65

Inventories 927 754 491 44 69

Progress Payments & Other - - 491 - -

Other Current Assets 5,262 3,091 1,627 1,497 2,604

Prepaid Expenses 2,981 1,623 1,401 - 2,508

Miscellaneous Current Assets 2,280 1,468 226 1,497 96

Total Current Assets 30,009 31,550 29,155 19,450 18,648

Net Property, Plant & Equipment 513 779 1,067 1,055 99

Property, Plant & Equipment - Gross 3,352 3,290 3,328 1,247 127

Machinery & Equipment 1,005 976 952 1,014 38

Transportation Equipment - - - - 34

Other Property, Plant & Equipment 2,347 2,314 2,376 233 56

Accumulated Depreciation 2,839 2,511 2,261 192 29

Machinery & Equipment 827 718 608 125 2

Transportation Equipment - - - - 5

Other Property, Plant & Equipment 2,012 1,793 1,652 66 22

Total Investments and Advances 10,460 10,479 3,679 1,495 3,549

LT Investment - Affiliate Companies 154 - - - -

Other Long-Term Investments 10,305 10,479 3,679 1,495 3,549

Intangible Assets 33,091 31,056 29,135 212 328

Net Goodwill 28,870 28,870 28,870 - -

Net Other Intangibles 4,222 2,186 265 212 328

Other Assets 15 20 5,967 2,369 412

Deferred Charges 15 20 - - -

Tangible Other Assets - - 5,967 2,369 412

Total Assets 74,089 73,884 69,004 24,582 23,036

Assets - Total - Growth 0.28% 7.07% 180.71% 6.71% -

Asset Turnover 0.68 - - - -

Return On Average Assets 4.31% - - - -

Liabilities & Shareholders' Equity
ST Debt & Current Portion LT Debt - 4,092 - 1,511 -

Short Term Debt - 4,092 - 1,511 -

Accounts Payable 4,803 3,827 4,759 848 715

Accounts Payable Growth 25.50% -19.58% 461.13% 18.68% -

Income Tax Payable 205 500 244 - -

Other Current Liabilities 10,206 9,453 10,053 3,365 3,902

Miscellaneous Current Liabilities 10,206 9,453 10,053 3,365 3,902

Total Current Liabilities 15,213 17,872 15,056 5,724 4,617

Current Ratio 1.97 1.77 1.94 3.4 4.04

Quick Ratio 1.91 1.72 1.9 3.39 4.02

Cash Ratio 1.11 1.19 1.23 2.75 3.31

Long-Term Debt - - 5,081 4,752 -

Long-Term Debt excl. Capitalized Leases - - 5,081 4,752 -

Non-Convertible Debt - - 5,081 4,752 -

Provision for Risks & Charges - - 2,104 - -

Other Liabilities 60 60 60 - -

Other Liabilities (excl. Deferred Income) 60 60 60 - -

Total Liabilities 15,273 17,932 22,301 10,476 4,617

Total Liabilities / Total Assets 20.62% 24.27% 32.32% 42.62% 20.04%

Common Equity (Total) 58,379 55,589 46,392 14,189 18,419

Common Stock Par/Carry Value 17,022 17,022 17,022 12,215 11,576

Additional Paid-In Capital/Capital Surplus 52,813 100,247 111,714 68,664 62,524

Retained Earnings 2,252 -60,528 -68,230 -66,542 -54,684

Cumulative Translation Adjustment/Unrealized For. Exch. -316 -483 -90 - -

 Gain

Unrealized Gain/Loss Marketable Securities 617 1,233 29 - -

Other Appropriated Reserves 84 12,191 40 -132 -982

Treasury Stock -14,092 -14,092 -14,092 -15 -15

Common Equity / Total Assets 78.80% 75.24% 67.23% 57.72% 79.96%

Total Shareholders' Equity 58,379 55,589 46,392 14,189 18,419

Total Shareholders' Equity / Total Assets 78.80% 75.24% 67.23% 57.72% 79.96%

Accumulated Minority Interest 436 362 311 -83 -

Total Equity 58,815 55,951 46,703 14,106 18,419

Liabilities & Shareholders' Equity 74,089 73,884 69,004 24,582 23,036

Reference:
The Wall Street Journal. (2016). [Tabular representation of JPY Entertainment Corp.’s Annual Balance Sheet from 2011-2015].
Retrieved from http://quotes.wsj.com/KR/XKOS/035900/financials/annual/balance-sheet
 JYP Entertainment Corp.
035900 (S. Korea: Kosdaq)

Statement of Cash Flows

(Amount in KRW Millions)

Fiscal year is January-December 2015 2014 2013 2012 2011

Operating Activities

Net Income before Extraordinaries 3,223 7,850 -3,713 -9,873 257

Net Income Growth -58.94% 311.40% 62.39% -3936.42% -

Depreciation, Depletion & Amortization 2,479 477 432 434 568

Depreciation and Depletion 328 332 293 322 16

Amortization of Intangible Assets 2,150 145 138 112 551

Deferred Taxes & Investment Tax Credit - - 23 - -

Deferred Taxes - - 23 - -

Other Funds -713 -176 2,360 3,243 181

Funds from Operations 4,989 8,151 -899 -6,195 1,006

Changes in Working Capital -126 258 -2,242 -233 -431

Receivables -382 2,227 -3,919 -1,426 -124

Inventories -173 -264 -335 -27 -26

Accounts Payable 1,551 -4,370 5,399 794 -405

Other Assets/Liabilities -1,123 2,664 -3,386 425 124

Net Operating Cash Flow 4,862 8,409 -3,140 -6,428 575

Net Operating Cash Flow Growth -42.18% 367.78% 51.15% -1218.58% -

Net Operating Cash Flow / Sales 9.62% 17.34% -14.73% -42.66% 5.61%

Investing Activities

Capital Expenditures -4,249 -2,124 -225 -1,092 -307

Capital Expenditures (Fixed Assets) -63 -51 -174 -1,073 -101

Capital Expenditures (Other Assets) -4,186 -2,073 -51 -19 -206

Capital Expenditures Growth -100.05% -844.15% 79.41% -255.72% -

 Capital Expenditures / Sales -8.40% -4.38% -1.05% -7.25% -3.00%

Sale of Fixed Assets & Businesses - 4 3,392 8 8

Purchase/Sale of Investments 1,079 2,392 952 3,047 -6,301

Purchase of Investments -11,212 -5,846 -5,808 -1,953 -6,301

Sale/Maturity of Investments 12,291 8,238 6,760 5,000 -

Other Uses - - -386 -5,900 -1,337

Other Sources - - 216 576 62

Net Investing Cash Flow -3,169 273 3,949 -3,360 -7,875

-
Net Investing Cash Flow Growth -93.10% 217.53% 57.33% -
1262.65%
Net Investing Cash Flow / Sales -6.27% 0.56% 18.52% -22.30% -76.92%

Financing Activities
Change in Capital Stock - - - 6,716 8,434

Repurchase of Common & Preferred Stk. - - - - -2

Sale of Common & Preferred Stock - - - 6,716 8,436

Proceeds from Stock Options - - - 6,716 8,436

Issuance/Reduction of Debt, Net -4,500 -1,595 494 5,661 0

Change in Current Debt -4,500 -1,595 494 931 -

Change in Long-Term Debt - - - 4,730 0

Issuance of Long-Term Debt - - - 4,730 -

Reduction in Long-Term Debt - - - - 0

Other Funds - -2,104 - - -

Other Uses - -2,104 - - -

Net Financing Cash Flow -4,500 -3,698 494 12,377 8,434

Net Financing Cash Flow Growth -21.67% -848.38% -96.01% 46.75% -

Net Financing Cash Flow / Sales -8.90% -7.63% 2.32% 82.15% 82.39%

Exchange Rate Effect 323 -540 -10 - 0

Miscellaneous Funds 0 0 0 - 0

Net Change in Cash -2,483 4,444 1,293 2,589 1,134

Free Cash Flow 4,800 8,358 -3,314 -7,501 474

 Free Cash Flow Growth -42.57% 352.18% 55.82% -1682.66% -

Free Cash Flow Yield 3.34% - - - -

Reference:
The Wall Street Journal. (2016). [Tabular representation of JPY Entertainment Corp.’s Annual Cash Flow from 2011-2015].
Retrieved from http://quotes.wsj.com/KR/XKOS/035900/financials/annual/cash-flow

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