REG - Hanatour Service Inc - Annual Financial Report <Origin Href="QuoteRef">039130.KS</Origin> - Part 2
31/03/2017 08:50
- Part 2: For the preceding part double click ID:nRSe1496Ba
(7,728,015) - (7,728,015)
Cash dividend of subsidiaries - - - - (655,207) (655,207)
Stock issuance expense of subsidiaries - (793,069) - - (131,561) (924,630)
Exercised stock option rights - (180,083) - - (6,060) (186,143)
Gain on disposal of treasury stock - 114,307 - - - 114,307
Stock compensation expense - 1,242,859 - - 8,599 1,251,458
Net income - - - 31,740,498 2,421,211 34,161,709
Gain on foreign business translation - - 731,041 - 172,721 903,762
Changes in valuation of equity- accounted investees - - (25,846) - - (25,846)
Loss on valuation of AFS financial assets - - (318,135) - - (318,135)
Paid-in capital increase of subsidiaries - (391,261) - - 6,058,152 5,666,891
Changes in scope of consolidation - - - - 4,737,964 4,737,964
Others - (53,318) - - 53,318 -
December 31, 2015 5,808,093 57,322,026 (1,155,344) 134,943,490 20,368,746 217,287,011
January 1, 2016 5,808,093 57,322,026 (1,155,344) 134,943,490 20,368,746 217,287,011
Payment of cash dividend - - - (8,832,018) - (8,832,018)
Payment of interim cash dividend - - - (7,746,852) - (7,746,852)
Cash dividend of subsidiaries - - - - (295,539) (295,539)
Discount on Stock issuance - - - - (111,059) (111,059)
Disposal of treasury stock - 1,664,755 - - - 1,664,755
Exercised stock option rights - (1,983,268) - - - (1,983,268)
Gain on disposal of treasury stock - 245,732 - - - 245,732
Stock compensation expense - 247,281 - - 3,634 250,915
Net income - - - 8,035,742 (508,291) 7,527,451
Gain on foreign business translation - - 346,076 - 145,719 491,795
Changes in valuation of equity- accounted investees - - 4,341 - - 4,341
Loss on valuation of AFS financial assets - - (26,916) - - (26,916)
Paid-in capital increase of subsidiaries - 609,373 - - 2,990,627 3,600,000
December 31, 2016 5,808,093 58,105,899 (831,843) 126,400,362 22,593,837 212,076,348
HANATOUR SERVICE INC. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015
2016 2015
(In thousands of Korean won)
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash generated from operations:
Net income 7,527,451 34,161,709
Additions of expenses not involving cash outflows and others 47,400,813 33,297,681
Deduction of incomes not involving cash inflows and others (3,862,192) (4,439,551)
Movements in operating assets and liabilities:
Increase in trade receivables (23,503,304) (7,064,784)
Increase in other receivables (1,615,371) (816,318)
Increase in inventories (15,108,796) (8,233,323)
Decrease( Increase) in advance payments 5,241,184 (15,232,187)
Increase in other current assets (1,762,472) (2,565,407)
Decrease (Increase) in other non-current assets (9,940) 71,870
Increase(Decrease) in trade payables 1,742,703 (3,136,731)
Increase in other payables 12,893,929 9,347,976
Increase in deposits received for travel 17,271,797 12,983,897
Increase in advance receipts 2,347,053 726,079
Increase in other financial liabilities 570,132 152,074
Decrease in other current liabilities (4,218,700) (5,520,243)
Decrease in provisions (1,020,811) (378,782)
Decrease in long-term other payables (20,243) (10,897)
Decrease in other long-term employee benefit (118,000) (34,857)
43,756,234 43,308,206
Interest expense paid (844,469) (269,654)
Interest income received 3,043,962 3,570,583
Dividend income received 91,949 95,179
Income taxes paid (18,545,895) (11,706,714)
27,501,781 34,997,600
(Continued)
HANATOUR SERVICE INC. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015
2016 2015
(In thousands of Korean won)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash inflows from investing activities:
Decrease in short-term financial instruments 58,948,372 125,077,303
Decrease in other receivables 20,048,764 5,456,889
Disposal of AFS financial assets 2,738,080 -
Disposal of investment in associates and joint venture 638,297 51
Capital reduction of associates and joint venture 5,000,000 -
Disposal of property and equipment 803,976 429,878
Decrease in finance lease receivables 1,170,997 198,505
Decrease in other financial assets 14,995,029 2,523,702
Net cash inflow due to business combination - 4,585,882
104,343,515 138,272,210
Cash outflows for investing activities:
Increase in short-term financial instruments 24,272,291 77,989,964
Increase in other receivables 12,403,486 11,016,189
Acquisition of FVTPL - 1,000,000
Acquisition of AFS financial assets 270,011 250,000
Acquisition of investment in associates and joint venture 1,548,800 -
Acquisition of property and equipment 48,028,731 16,413,808
Acquisition of intangible assets 4,054,650 8,098,714
Increase in other financial assets 7,068,681 24,448,819
(97,646,650) (139,217,494)
6,696,865 (945,284)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash inflows from financing activities:
Proceeds from short-term borrowings 11,128,434 16,866,349
Proceeds from long-term borrowings 3,394,730 7,083,021
Proceeds from bonds 4,157,511 -
Paid-in capital increase of subsidiaries 3,488,941 5,970,084
22,169,616 29,919,454
Cash outflows for financing activities:
Repayment of short-term borrowings 27,213,152 12,257,904
Repayment of current portion of long-term borrowings 2,897,903 1,634,956
Repayment of finance lease liabilities 713,087 1,028,793
Acquisition of treasury stocks - 337,895
Payment of stock issuance expense - 927,389
Payment of dividends 16,874,408 16,085,969
(47,698,550) (32,272,906)
(25,528,934) (2,353,452)
NET INCREASE IN CASH AND CASH EQUIVALENTS 8,669,712 31,698,864
CASH AND CASH EQUIVALENTS, AT BEGINNING OF YEAR 146,485,490 113,930,509
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS 892,278 856,117
CASH AND CASH EQUIVALENTS, AT END OF YEAR 156,047,480 146,485,490
(Concluded)
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