Boryung

Financial Information

Summarized finance position table

(Unit : KRW 1,000,000 / As of December 31, 2021)

Summarized finance position table
Financial items	2021	2020	2019
Current asset	437,314	315,660	231,851
Non-current asset	391,327	332,334	275,778
Total assets	828,641	647,994	507,629
Current liability	155,953	122,871	139,214
Non-current liability	198,374	184,835	85,461
Total liabilities	354,327	307,706	224,675
Capital	34,345	23,810	22,100
Other paid-up capital and other components of capital	104,735	20,284	-12,816
Profit earning surplus	334,827	295,816	273,669
Total capital	474,314	340,288	282,954

Summary of comprehensive income statement

(As of December 31, 2021)

Financial items
Financial items	2021	2020	2019
Sales	627,279	561,867	524,269
Cost of sales	362,342	330,425	301,274
Gross margin	264,937	231,442	222,995
Sales management expenses	184,343	155,949	146,067
R&D expenses	39,146	35,506	37,864
Business profits	41,448	39,986	39,064
Financial profits	11,916	658	91
Financial expenses	5,156	4,204	257
Other profits	1,377	1,938	8,965
Other expenses	4,320	2,334	2,655
Profits and loss on investment of relational company	25,453	0	-2,738
Net profit before deducting corporate tax expenses	70,718	36,044	42,469
Corporate tax expenses	27,599	9,184	10,248
Net profit during the term	43,119	26,860	32,222

Major financial ratio

(As of December 31, 2021)

Analysis on profitability
Financial items	2021	2020	2019
Growth rate of sales	11.64%	7.17%	13.87%
Net profit growth rate	60.53%	-16.64%	58.67%
ROA	5.84%	4.65%	6.73%
ROE	9.09%	7.89%	11.39%
Debt ratio	74.70%	90.43%	79.40%
Reserve ratio	974.89%	1242.40%	1238.32%
Interest compensation ratio (times)	8.04	9.51	151.92

Analysis on profitability

(As of December 31, 2021)

Analysis on profitability
Financial items	2021	2020	2019
Gross profit ratio	42.24%	41.19%	42.53%
R&D investment ratio	6.24%	6.32%	7.22%
Marketing Management ratio	29.39%	27.76%	27.86%
Sales profit ratio	6.61%	7.12%	7.45%
Net profit ratio during the term	6.87%	4.78%	6.15%

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