LG Innotek

(K-IFRS, Unit : KRW bn)

Division
2022
2021
2020
2019
2018

Sales
19,589.4
14,945.6
9,541.8
7,975.4
7,549.8

Sales Growth Rate (%)
31
57
20
6
-1

Gross Profit
2,374.4
21,305
1,290.3
1,041.9
834.6

Operating Income
1,271.8
1,264.2
681.0
476.4
285.0

Operating Income Growth Rate (%)
1
86
43
67
-4

Income before Tax
1,135.1
1,193.2
442.8
233.0
201.8

Net Income
979.8
888.3
236.1
102.3
163.1

Net Income Growth Rate (%)
10
276
131
-37
-7

Total Assets
9,793.6
7,741.4
6,038.6
5,770.8
5,756.1

Total Liabilities
5,527.8
4,427.1
3,610.9
3,566.2
3,637.8

Total Equity
4,265.8
3,314.2
2,427.7
2,204.6
2,118.2

※ The financial data for 2018 and 2019 were reflected the organizational change of the company in 2020.

Balance Sheets

(K-IFRS, Unit : KRW bn)

Division
2022
2021
2020
2019
2018

Total Assets
9,793.6
7,741.4
6,038.6
5,770.8
5,756.1

Current Assets
4,713.8
4,113.4
3,161.8
2,530.9
2,233.3

Non-current Assets
5,079.8
3,628.0
2,876.8
3,239.8
3,522.7

Total Liabilities
5,527.8
4,427.1
3,610.9
3,566.2
3,637.8

Current Liabilities
4,270.4
3,310.3
2,284.2
2,046.2
1,584.4

Non-current Liabilities
1,257.4
1,116.9
1,326.7
1,519.9
2,053.4

Total Stockholders' Equity
4,265.8
3,314.2
2,427.7
2,204.6
2,118.2

Capital Stock
118.3
118.3
118.3
118.3
118.3

Retained Earnings
2,969.2
2,048.1
1,221.5
989.3
906.7

Accumulated Other Comprehensive Income
45.0
14.4
-45.5
-36.3
-40.1

Division
1,133.3
1,133.3
1,133.3
1,133.3
1,133.3

※ The Finance data for 2018 and 2019 were reflected the organizational change of the company in 2020.

Income Statement

(K-IFRS, Unit: KRW bn)

Division
2022
2021
2020
2019
2018

Sales
19,589.4
14,945.6
9,541.8
7,975.4
7,549.8

Cost of Goods Sold
17,215.0
12,815.1
8,251.4
6,933.4
6,715.2

Gross Profit
2,374.4
2,130.5
1,290.3
1,041.9
834.6

Operating Expenses
1,102.6
866.3
609.3
565.6
549.6

Operating Profit
1,271.8
1,264.2
681.0
476.4
285.0

Non-Operating Income
750.3
231.6
225.1
168.8
114.2

Non-Operating Expense
764.1
261.7
386.0
343.6
138.6

Finance Income
128.2
26.3
21.5
21.8
24.7

Finance Expense
251.1
67.2
98.9
90.3
83.5

Income Before Tax
1,135.1
1,193.2
442.8
233.0
201.8

Net Income
979.8
888.3
236.1
102.3
163.1

※ The Financial data for 2018 and 2019 were reflected the organizational change of company in 2020.

Financial Ratio

(K-IFRS, Unit : KRW bn)

Division
2022
2021
2020
2019
2018

Operating Income Ratio (%)
6.5
8.5
7.1
6
3.8

Net Profit to Sales Ratio (%)
5.0
5.9
2.5
1.3
2.2

Return On Assets(ROA) (%)
10.0
11.5
3.9
1.8
2.8

Return On Equity(ROE) (%)
23.0
26.8
9.7
4.6
7.7

Current Ratio (%)
110.4
124.3
138.4
123.7
141

Liability-to-Equity Ratio (%)
129.6
133.6
148.7
161.8
171.7

Net Debt-to-Equity Ratio (%)
33.8
27.9
42.5
50.7
71.1

Total Asset Turnover Ratio
2.0
1.9
1.6
1.4
1.3

※ The financial data for 2018 and 2019 were reflected the organizational change of the company in 2020.

Credit Rating

Rating Agency
Corporate Bond
Short-Term Bond
Commercial Paper

NICE Investors Service Co., Ltd.
AA- (2023.02.01)
A1 (2023.01.02)
A1 (2022.12.16)

Korea Ratings Corporation
AA- (2023.02.01)
A1 (2022.12.14)
A1 (2022.12.14)

Korea Investors Service, Inc.
AA- (2023.01.31)
A1 (2022.12.15)
A1 (2022.12.15)

Corporate Bond Credit Rating Definition

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Rating
Definition

AAA
The capacity for payment of financial commitments is exceptionally strong and highly unlikely to be adversely affected by foreseeable changes in circumstances.

AA
The capacity for payment of financial commitments is very strong but somewhat less than AAA.

A
The capacity for payment of financial commitments is strong but somewhat vulnerable to adverse economic conditions or changes in circumstances.

BBB
The capacity for payment of financial commitments is adequate but more likely to be impaired by adverse economic conditions or changes in circumstances.

BB
The capacity for payment of financial commitments may be moderate but has speculative characteristics.

B
The capacity for payment of financial commitments is weak and speculative, and its future stability is uncertain.

CCC
The capacity for payment of financial commitments is adequate but more likely to be impaired by adverse economic conditions or changes in circumstances.

CC
The capacity for payment of financial commitments contains a high possibility of default risk, and is more vulnerable to adverse economic conditions or changing circumstances than higher ratings.

C
The capacity for payment of financial commitments contains an extremely high possibility of default risk, with little chance of recovery.

D
It is the payment default risk on financial commitments.

* The ratings between AA and CCC may be modified by the addition of a plus (+) or minus (-) sign to show its relative standing among the major rating categories.

Short-Term Rating Definition

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Rating
Definition

A1
The capacity for payment of financial commitments is exceptionally strong, and highly unlikely to be adversely affected by foreseeable changes in circumstances.

A2
The capacity for payment of financial commitments is strong, but somewhat less than A1.

A3
The capacity for payment of financial commitments is exceptionally strong, and highly unlikely to be adversely affected by foreseeable changes in circumstances.

B
The capacity for payment of financial commitments may be moderate, but has speculative characteristics.

C
The capacity for payment of financial commitments is doubtful.

D
The capacity for payment of financial commitments is doubtful.

* The ratings from A2 to B may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

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Balance Sheets

Income Statement

Financial Ratio

Credit Rating

Corporate Bond Credit Rating Definition

Short-Term Rating Definition