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  5. Motonic Corporation Business Report FY ended Dec. 2017

Motonic Corporation Business Report FY ended Dec. 2017

Financial Overview (Consolidated)

 (in millions of won)
FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 Rate of
change (%)		 Remarks
Sales 211,532 195,301 8.3 -
Operating income 12,753 2,369 438.3 -
Net income 12,697 21,749 (41.6) -

R&D Expenditure

(in millions of won)
FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Amount 7,935 6,942 7,813
% of sales 3.75 3.56 3.84

Capacity utilization rate

FY ended Dec. 31, 2017
Motonic Corporation 87.7
Beijing Motonic 60.2
Average Utilization Rate (%) 78.4

*The utilization rate was calculated by dividing the actual number of operating hours by the maximum possible number of operating hours per year.