Hanon Systems Corp._Financial Data

Consolidated

* In July 2015, the Company changed its corporate name to Hanon Systems Corp. from Halla Visteon Climate Control Corp.

Balance Sheet

(in million KRW)

FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Current Assets 2,859,201 2,241,264 2,150,982 1,993,515 1,856,237
Fixed Assets 2,496,579 1,878,316 1,708,755 1,465,845 1,383,785
Total Assets 5,355,781 4,119,580 3,859,737 3,459,361 3,240,023
Current Liabilities 1,867,112 1,299,490 1,463,430 1,430,928 1,123,876
Long-Term Liabilities 1,357,013 788,645 511,401 228,991 446,154
Total Liabilities 3,224,125 2,088,136 1,974,831 1,659,920 1,570,030
Paid-in Capital 53,380 53,380 53,380 53,380 53,380
Capital Surplus (23,071) (23,071) (23,071) 48,060 48,060
Retained Earnings 2,179,604 2,073,817 1,936,589 1,829,642 1,697,092
Total Stockholders' Equity 2,131,656 2,031,445 1,884,906 1,799,441 1,669,992
Total Liabilities and Stockholders' Equity 5,355,780 4,119,580 3,859,737 3,459,361 3,240,023

Profit and Loss Statement

(in million KRW)

FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Sales 5,937,585 5,585,673 5,703,714 5,558,080 5,454,949
Gross Sales Profit  912,724 946,231 898,868 861,079 908,815
Operating Income 433,776 468,436 422,548 359,550 370,316
Ordinary Income 379,621 421,505 415,652 345,684 370,939
Net Income 283,697 298,403 303,755 243,370 290,448
Comprehensive income 232,201 317,315 277,081 242,809 243,842

Cash Flow

(in million KRW)

FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Cash flows from operating activities 471,265 566,650 389,169 447,516 346,817
Cash flows from investing activities (576,723) (346,509) (451,877) (255,904) (281,971)
Cash flows from financing activities 563,717 (56,222) 48,312 (111,844) (43,967)
Increases (Decreases) in cash 450,527 142,098 (21,953) 65,774 20,879

Non-Consolidated

* In July 2015, the Company changed its corporate name to Hanon Systems Corp. from Halla Visteon Climate Control Corp.

Balance Sheet

(in million KRW)

FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Current Assets 1,640,151 1,113,428 865,459 777,060 764,370
Fixed Assets 1,878,223 1,766,017 1,692,336 1,563,043 1,499,771
Total Assets 3,518,374 2,879,446 2,557,796 2,340,103 2,264,141
Current Liabilities 905,830 523,321 628,376 721,231 470,015
Long-Term Liabilities 1,075,995 627,764 342,073 29,569 237,867
Total Liabilities 1,981,826 1,151,086 970,449 750,800 707,883
Paid-in Capital 53,380 53,380 53,380 53,380 53,380
Capital Surplus 215,228 215,228 48,060 48,060 48,060
Retained Earnings 1,256,896 1,413,409 1,336,230 1,322,499 1,296,004
Total Stockholders' Equity 1,536,548 1,728,360 1,587,346 1,589,302 1,556,257
Total Liabilities and Stockholders' Equity 3,518,374 2,879,446 2,557,796 2,340,103 2,264,141

Profit and Loss Statement

(in million KRW)

FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Sales 2,604,670 2,448,738 2,314,655 2,273,904 2,342,660
Gross Sales Profit  320,920 456,608 259,355 223,879 247,443
Operating Income 61,836 204,118 88,008 48,610 53,519
Ordinary Income 23,618,8 270,851 237,878 162,106 221,256
Net Income 17,594 227,205 195,700 133,578 220,261
Comprehensive income (21,767) 300,811 181,671 136,602 207,038

Cash Flow

(in million KRW)

FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Cash flows from operating activities 253,602 377,070 192,044 244,013 256,388
Cash flows from investing activities (236,984) (116,929) (250,778) (122,084) (82,521)
Cash flows from financing activities 409,522 38,864 (17,227) (107,265) (109,496)
Increases (Decreases) in cash 427,529 295,235 (75,961) 14,663 64,370