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  5. Halla Visteon Climate Control Corp._Financial Data

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, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Current Assets 2,241,264 2,150,982 1,993,515 1,856,237 1,704,808
Fixed Assets 1,878,316 1,708,755 1,465,845 1,383,785 1,249,090
Total Assets 4,119,580 3,859,737 3,459,361 3,240,023 2,953,898
Current Liabilities 1,299,490 1,463,430 1,430,928 1,123,876 1,034,347
Long-Term Liabilities 788,645 511,401 228,991 446,154 378,682
Total Liabilities 2,099,135 1,974,831 1,659,920 1,570,030 1,413,029
Paid-in Capital 53,380 53,380 53,380 53,380 53,380
Capital Surplus (23,071) 48,060 48,060 48,060 48,060
Retained Earnings 2,073,817 1,936,589 1,829,642 1,697,092 1,542,368
Total Stockholders' Equity 2,031,445 1,884,906 1,799,441 1,669,992 1,540,868
Total Liabilities and Stockholders' Equity 4,119,580 3,859,737 3,459,361 3,240,023 2,953,898

Profit and Loss Statement

(in million KRW)

FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Sales 5,585,673 5,703,714 5,558,080 5,454,949 5,189,355
Gross Sales Profit  946,231 898,868 861,079 908,815 863,316
Operating Income 468,436 422,548 359,550 370,316 363,535
Ordinary Income 421,505 415,652 345,684 370,939 396,691
Net Income 298,403 303,755 243,370 290,448 312,103
Comprehensive income 317,315 277,081 242,809 243,842 258,197

Cash Flow

(in million KRW)

FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Cash flows from operating activities 566,650 389,169 447,516 346,817 417,952
Cash flows from investing activities (346,509) (451,877) (255,904) (281,971) (553,520)
Cash flows from financing activities (56,222) 48,312 (111,844) (43,967) 100,803
Increases (Decreases) in cash 142,098 (21,953) 65,774 20,879 (34,765)

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, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Current Assets 1,113,428 865,459 777,060 764,370 657,249
Fixed Assets 1,766,017 1,692,336 1,563,043 1,499,771 1,475,847
Total Assets 2,879,446 2,557,796 2,340,103 2,264,141 2,133,097
Current Liabilities 523,321 628,376 721,231 470,015 442,180
Long-Term Liabilities 627,764 342,073 29,569 237,867 238,140
Total Liabilities 1,151,086 970,449 750,800 707,883 680,320
Paid-in Capital 53,380 53,380 53,380 53,380 53,380
Capital Surplus 215,228 48,060 48,060 48,060 48,060
Retained Earnings 1,413,409 1,336,230 1,322,499 1,296,004 1,180,787
Total Stockholders' Equity 1,728,360 1,587,346 1,589,302 1,556,257 1,452,776
Total Liabilities and Stockholders' Equity 2,879,446 2,557,796 2,340,103 2,264,141 2,133,097

Profit and Loss Statement

(in million KRW)

FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Sales 2,448,738 2,314,655 2,273,904 2,342,660 2,349,406
Gross Sales Profit  456,608 259,355 223,879 247,443 285,874
Operating Income 204,118 88,008 48,610 53,519 91,807
Ordinary Income 270,851 237,878 162,106 221,256 193,648
Net Income 227,205 195,700 133,578 220,261 167,277
Comprehensive income 300,811 181,671 136,602 207,038 155,398

Cash Flow

(in million KRW)

FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Cash flows from operating activities 377,070 192,044 244,013 256,388 205,336
Cash flows from investing activities (116,929) (250,778) (122,084) (82,521) (430,919)
Cash flows from financing activities 38,864 (17,227) (107,265) (109,496) 133,047
Increases (Decreases) in cash 295,235 (75,961) 14,663 64,370 (92,535)