Motonic Corporation Business Report FY ended Dec. 2018

Financial Overview (Consolidated)

(in millions of won)
FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 Rate of
change (%)
Remarks
Sales 195,253 211,532 (7.69) -
Operating income 7,242 12,753 (43.21) -
Net income 12,676 17,189 (26.55) -

R&D Expenditure

(in millions of won)
  FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016
Amount 6,459 7,935 6,942
% of sales 3.31 3.75 3.56

Capacity utilization rate

FY ended Dec. 31, 2018
Motonic Corporation 87.9
Beijing Motonic 75.3
Average Utilization Rate (%) 84.5

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