Beruflich Dokumente
Kultur Dokumente
th 2014
2012 27
2
1
January
0
All information regarding management performance and financial results of LG Electronics (the Company) during the 4 th
quarter of 2013 as contained herein has been prepared on a consolidated basis in accordance with International Financial
Reporting Standards (IFRS). Please note that starting from January 1, 2013, the Company accounted LG Innotek as a
consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110, 'Consolidated Financial Statements'. The
comparative consolidated financial data are restated accordingly.
In addition, the information regarding results of 4th quarter of 2013 has been prepared in advance, prior to being reviewed by
outside auditors, solely for the convenience of investors of the Company, and is subject to change in the process of final
reviewing by external auditors.
The information contained herein includes forward-looking statements in respect to future plans, prospects, and performances
of the Company as well as the Companys projected sales plan for 2014. These forward-looking statements also refer to the
Companys performance on consolidated base, as indicated.
The aforementioned forward-looking statements are influenced by changes in the management environment and relative
events, and by their nature, these statements refer to uncertain circumstances. Consequently, due to these uncertainties, the
Companys actual future results may differ materially from those expressed or implied by such statements.
Please note that as the forward-looking statements contained herein are based on the current market situation and the
Companys management direction, they are subject to change according to the changes in future market environment and
business strategy.
The information contained herein should not be utilized for any legal purposes in regards to investors investment results. The
Company hereby expressly disclaims any and all liability for any loss or damage resulting from the investors reliance on the
information contained herein.
Table of Contents
. Overview
. 4Q13 Results (Consolidated)
. Performance and Outlook by Division
. Overview
4Q13 Results
Sales/Profit
Sales
Profit
13.89
3Q13
7.4%
14.92
4Q13
0.8%
14.80
3Q13
4Q13
4Q12
FY13
Operating
Profit
218
238
117
1,285
EBITDA
722
734
579
3,213
Net Profit
109
-64
-478
223
4Q12
* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.
Net Profit
Investment Income
(Unit : KRW bn)
3Q13
4Q13
LG Display
93
34
162
Others
-7
-3
-36
Gain/Loss
Gain/Loss on
on equity
equity
method
investment
method investment
86
31
126
FY13
Gain on equity
method investment
31
100
238
141
Net financial
income/expense
Other non-operating
income/expense
Tax
Op. Profit
92
-64
Net Profit
* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.
Cash In
3Q13
4Q13
FY13
2,011
2,339
2,185
611
652
2,206
Net income/loss
109
-64
223
Depreciation
504
496
1,928
-86
-31
-126
255
326
25
-171
-75
156
-511
-559
-2,386
-442
-410
-1,982
-98
-159
-466
-4
331
228
667
337
237
725
-103
-15
-27
328
306
460
2,339
2,645
2,645
Cash Out
Cash at beginning of period
Cash flow from operating activities
Change in
working capital
31
Gain on equity
method investment
75
Others
326
Others
Cash flow from investing activities
559
496
64
Depreciation
Net Income/
Loss
15
78
FX effect from
foreign currency
Net *
denominated cash
Increase/Decrease in debt
FX effect from foreign currency
denominated cash
Net changes in cash
Cash at end of period
Financial Structure
Balance Sheet
Financial Ratio
Assets
(Unit : %)
4Q12
3Q13
4Q13
34.77
36.41
35.53
16.31
17.42
16.33
2.19
5.07
2.34
5.86
2.65
4.84
Non-Current Assets
18.46
18.99
19.20
Liabilities
22.06
23.53
22.84
Current Liabilities
14.51
Non-Current Liabilities 7.55
15.44
8.09
15.01
7.83
Equity
12.88
12.69
Current Assets
Cash
Inventory
12.71
Debt
8.64
8.97
9.21
Net Debt
6.45
6.63
6.56
4Q12
Total Liability
to Equity
174
Debt to Equity
68
Net Debt
to Equity
51
3Q13
4Q13
183
180
70
73
52
* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.
52
Home Entertainment
4Q13 Performance
2013
2
Business Performance
(KRW tn)
Op. Margin
2.5% 2.9%
LCD TV: Sales increased QoQ due to growth of demand during the peak
season from markets such as North America, Asia, and CIS markets
1.8%
0.0%
0.3%
2014 Outlook
Sales
6.32
4.96
5.26
5.01
5.93
Mobile Communications
4Q13 Performance
Sales: Increased by 28% YoY and by 18% QoQ to KRW 3.6 trillion
Business Performance
(KRW tn)
Op. Margin
4.1%
2.0%
2.0%
-2.6%
Sales
2014 Outlook
2.81
3.12
3.05
Home Appliance
4Q13 Performance
Business Performance
(KRW tn)
Op. Margin
3.6%
3.8%
3.7%
2.9%
2.7%
2014 Outlook
3.19
2.81
2.97
2.84
LGE:
4Q'12 1Q'13 2Q'13 3Q'13 4Q'13
4Q13 Performance
Business Performance
(KRW tn)
Op. Margin
9.9%
6.7%
2.0%
1.0%
-0.6%
Sales
2014 Outlook
1.73
1.22
0.97
0.72
0.67
http://www.lg.com
Appendix
Income Statement
2Q
2013
3Q
4Q
Total
6,237.0
100.0%
6,599.6
100.0%
6,487.0
100.0%
6,103.6
100.0% 25,427.2
Domestic
2,090.1
33.5%
2,008.7
30.4%
1,888.2
29.1%
1,846.4
30.3%
Export
1Q
2Q
3Q
4Q
Total
100.0%
6,898.0
100.0%
7,431.7
100.0%
6,835.2
100.0%
6,914.0
100.0% 28,078.9
7,833.4
30.8%
2,242.0
32.5%
2,064.8
27.8%
2,041.5
29.9%
1,741.1
25.2%
8,089.4
100.0%
28.8%
4,146.9
66.5%
4,590.9
69.6%
4,598.8
70.9%
4,257.2
69.7% 17,593.8
69.2%
4,656.0
67.5%
5,366.9
72.2%
4,793.7
70.1%
5,172.9
74.8% 19,989.5
71.2%
4,954.2
79.4%
5,000.5
75.8%
5,053.0
77.9%
4,978.7
81.6% 19,986.4
78.6%
5,568.0
80.7%
5,777.8
77.7%
5,578.2
81.6%
5,725.5
82.8% 22,649.5
80.7%
Gross profit
1,282.8
20.6%
1,599.1
24.2%
1,434.0
22.1%
1,124.9
18.4%
5,440.8
21.4%
1,330.0
19.3%
1,653.9
22.3%
1,257.0
18.4%
1,188.5
17.2%
5,429.4
19.3%
1,200.4
19.2%
1,379.2
20.9%
1,467.3
22.6%
1,347.7
22.1%
5,394.6
21.2%
1,350.3
19.6%
1,519.1
20.4%
1,418.2
20.7%
1,355.7
19.6%
5,643.3
20.1%
82.4
1.3%
219.9
3.3%
-33.3
-0.5%
-222.8
-3.7%
46.2
0.2%
-20.3
-0.3%
134.8
1.8%
-161.2
-2.4%
-167.2
-2.4%
-213.9
-0.8%
-35.4
-0.6%
-61.6
-0.9%
-76.4
-1.2%
-40.0
-0.7%
-213.4
-0.8%
-34.8
-0.5%
-58.8
-0.8%
-55.2
-0.8%
-51.1
-0.7%
-199.9
-0.7%
346.7
5.6%
-23.7
-0.4%
34.3
0.5%
-429.7
-7.0%
-72.4
-0.3%
88.2
1.3%
-3.0
0.0%
4.2
0.1%
77.2
1.1%
166.6
0.6%
393.7
6.3%
134.6
2.0%
-75.4
-1.2%
-692.5
-11.3%
-239.6
-0.9%
33.1
0.5%
73.0
1.0%
-212.2
-3.1%
-141.1
-2.0%
-247.2
-0.9%
77.5
1.2%
20.6
0.3%
-11.0
-0.2%
25.5
0.4%
112.6
0.4%
1.3
0.0%
10.9
0.1%
-69.0
-1.0%
-1.3
0.0%
-58.1
-0.2%
316.2
5.1%
114.0
1.7%
-64.4
-1.0%
-718.0
-11.8%
-352.2
-1.4%
31.8
0.5%
62.1
0.8%
-143.2
-2.1%
-139.8
-2.0%
-189.1
-0.7%
Tax
Net profit (Loss)
* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.
10
Appendix
Balance Sheet
2Q
3Q
4Q
1Q
2Q
3Q
4Q
24,335.3
23,510.1
24,648.0
23,832.2
25,232.8
25,068.5
25,096.0
24,971.1
8,454.3
7,612.4
8,617.9
7,547.6
8,637.7
8,305.4
8,191.7
7,853.2
1,408.9
875.5
1,508.2
1,114.2
978.2
784.5
937.0
1,298.3
Accounts receivable
5,134.8
4,918.7
5,223.0
4,693.2
5,700.0
5,574.4
5,150.8
4,697.2
Inventory
1,017.6
1,042.1
1,012.2
921.8
1,070.3
1,049.2
1,123.3
916.6
893.0
776.1
874.5
818.4
889.2
897.3
980.6
941.1
15,881.0
15,897.7
16,030.1
16,284.6
16,595.1
16,763.1
16,904.3
17,117.9
Investment
7,892.0
7,918.1
7,950.1
7,950.2
7,953.0
8,010.2
8,034.5
8,006.2
PP&E
5,185.6
5,171.4
5,265.1
5,437.2
5,731.8
5,856.9
5,903.9
6,045.0
906.3
906.3
906.3
962.0
958.7
976.8
1,010.9
1,085.9
1,897.1
1,901.9
1,908.6
1,935.2
1,951.6
1,919.2
1,955.0
1,980.8
13,572.9
12,669.0
13,925.0
13,809.2
15,267.9
14,977.0
15,132.4
15,138.3
Accounts payable
3,936.3
3,810.2
4,223.1
3,995.7
5,071.9
4,734.3
4,677.7
4,327.4
Debt
5,721.5
4,898.3
5,465.3
5,264.3
5,465.7
5,175.5
5,491.2
5,942.2
Other
3,915.1
3,960.5
4,236.6
4,549.2
4,730.3
5,067.2
4,963.5
4,868.7
10,762.4
10,841.1
10,723.0
10,023.0
9,964.9
10,091.5
9,963.6
9,832.8
Assets
Current Assets
Other
Non-current Assets
Intangible assets
Other
Liabilities
Equity
2013
* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.
11
Appendix
Income Statement
2Q
2013
3Q
4Q
Total
1Q
2Q
3Q
4Q
Total
Sales
13204.7 100.0%
13834.6 100.0%
13282.2 100.0%
14801.1 100.0%
55122.6 100.0%
14100.6 100.0%
15232.3 100.0%
13892.2 100.0%
14915.3 100.0%
58140.4 100.0%
10152.1 76.9%
10402.1 75.2%
10032.6 75.5%
11665.3 78.8%
42252.1 76.7%
10966.9 77.8%
11550.4
75.8%
10599.3
76.3%
11604.1
77.8%
44720.7
76.9%
Gross profit
3052.6 23.1%
3432.5 24.8%
3249.6 24.5%
3135.8 21.2%
12870.5 23.3%
3133.7 22.2%
3681.9
24.2%
3292.9
23.7%
3311.2
22.2%
13419.7
23.1%
2650.9 20.1%
2905.8 21.0%
3078.1 23.2%
3018.9 20.4%
11653.7 21.1%
2784.2 19.7%
3202.6
21.0%
3075.1
22.1%
3073.1
20.6%
12135.0
20.9%
401.7
3.0%
526.7
3.8%
171.5
1.3%
116.9
0.8%
1216.8
2.2%
349.5
2.5%
479.3
3.1%
217.8
1.6%
238.1
1.6%
1284.7
2.2%
-91.5
-0.7%
-98.9
-0.7%
-115.1
-0.9%
-84.2
-0.6%
-389.7
-0.7%
-79.7
-0.6%
-106.7
-0.7%
-114.7
-0.8%
-99.6
-0.7%
-400.7
-0.7%
-51.8
-0.4%
-31.7
-0.2%
61.8
0.5%
108.6
0.7%
86.9
0.2%
-25.6
-0.2%
34.9
0.2%
85.9
0.6%
30.8
0.2%
126.0
0.2%
199.7
1.5%
-161.5
-1.2%
68.4
0.5%
-471.7
-3.2%
-365.2
-0.7%
-67.5
-0.5%
-175.0
-1.1%
-49.7
-0.4%
-141.3
-0.9%
-433.5
-0.7%
458.1
3.5%
234.6
1.7%
186.6
1.4%
-330.6
-2.2%
548.7
1.0%
176.7
1.3%
232.5
1.5%
139.3
1.0%
28.0
0.2%
576.5
1.0%
Tax
210.6
1.6%
65.6
0.5%
22.1
0.2%
147.6
1.0%
445.9
0.8%
154.6
1.1%
77.0
0.5%
30.8
0.2%
91.5
0.6%
353.8
0.6%
Net income
247.5
1.9%
169.0
1.2%
164.5
1.2%
-478.2
-3.2%
102.8
0.2%
22.1
0.2%
155.5
1.0%
108.5
0.8%
-63.5
-0.4%
222.7
0.4%
Controlled shares
243.7
164.0
156.7
-471.9
92.5
24.2
132.0
84.0
-63.5
176.8
3.8
5.0
7.8
-6.3
10.3
-2.1
23.5
24.5
0.0
45.9
Noncontrolled shares
* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.
* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.
12
Appendix
Balance Sheet
2Q
3Q
4Q
1Q
2Q
3Q
4Q
35,241.6
35,166.0
36,533.7
34,766.1
37,146.5
37,192.8
36,413.3
35,528.1
17,305.2
17,204.0
18,304.7
16,308.5
18,301.4
18,067.5
17,423.8
16,325.1
3,083.2
2,672.6
3,104.3
2,185.0
2,453.9
2,011.0
2,339.1
2,645.3
Accounts receivable
7,126.6
7,813.3
7,481.9
7,332.8
8,533.4
8,621.1
7,388.1
7,117.4
Inventory
5,283.8
5,071.4
5,970.2
5,074.5
5,525.3
5,524.0
5,857.1
4,838.8
Other
1,811.6
1,646.7
1,748.3
1,716.2
1,788.8
1,911.4
1,839.5
1,723.6
17,936.4
17,962.0
18,229.0
18,457.6
18,845.1
19,125.3
18,989.5
19,203.0
Investment
4,086.6
4,084.4
4,113.5
4,182.9
4,179.6
4,292.2
4,311.2
4,329.6
PP&E
9,590.8
9,578.1
9,766.0
9,889.2
10,265.0
10,390.9
10,221.2
10,342.0
Intangible assets
1,151.7
1,149.9
1,151.5
1,222.3
1,221.6
1,262.7
1,283.9
1,363.7
Other
3,107.3
3,149.6
3,198.0
3,163.2
3,178.9
3,179.5
3,173.2
3,167.7
21,838.2
21,762.1
23,097.5
22,060.4
24,317.4
24,040.2
23,535.0
22,838.7
Accounts payable
5,694.0
5,679.4
6,358.1
5,626.6
6,989.3
6,819.4
6,533.1
5,691.1
Debt
9,528.0
9,096.6
9,173.2
8,638.4
9,396.9
8,902.2
8,974.3
9,211.0
Other
6,616.2
6,986.1
7,566.2
7,795.4
7,931.2
8,318.6
8,027.6
7,936.6
13,403.4
13,403.9
13,436.2
12,705.7
12,829.1
13,152.6
12,878.3
12,689.4
Assets
Current Assets
Non-current Assets
Liabilities
Equity
2013
* Starting from January 1, 2013, the Company accounted LG Innotek as a consolidated subsidiary of the Company pursuant to the enactment of K-IFRS 1110,
'Consolidated Financial Statements'. The comparative consolidated financial data are restated accordingly.
* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.
13
Appendix
Home
Entertainment
Mobile
Communications
Sales
5,247.7
5,380.7
Op. Income
150.3
287.3
(%)
2.9%
5.3%
2,497.2
2,321.2
34.5
-27.9
Sales
Op. Income
(%)
Handset
Sales
Op. Income
(%)
Home
Appliance
Sales
Op. Income
(%)
Air Conditioning
& Energy Solution
Others
LGE Consolidated
before including
LG Innotek.
LG Innotek earnings
excluding internal transactions
LGE Consolidated
2Q'12
3Q'12
5,383.9
4Q'12
'12 Total
6,319.0
22,331.3
29.2
0.8
467.6
0.5%
0.0%
2.1%
2,447.6
2,811.6
10,077.6
-3.8
56.5
59.3
1Q'13
4,959.3
2Q'13
3Q'13
4Q'13
5,258.3
5,007.0
5,927.5
13.4
92.7
124.4
174.3
0.3%
1.8%
2.5%
2.9%
3,209.7
3,123.1
3,045.4
3,591.5
132.8
61.2
-79.7
-43.4
1.4%
-1.2%
-0.2%
2.0%
0.6%
4.1%
2.0%
-2.6%
-1.2%
2,452.0
2,286.2
2,423.1
2,779.3
9,940.6
3,202.3
3,123.1
3,045.4
3,591.5
31.0
-30.4
-4.7
55.5
51.4
132.5
61.2
-79.7
-43.4
1.3%
-1.3%
-0.2%
2.0%
0.5%
4.1%
2.0%
-2.6%
-1.2%
2,535.7
2,875.3
2,867.5
2,942.3
11,220.8
2,806.7
3,187.8
2,967.2
2,839.3
143.3
183.7
122.0
80.2
529.2
101.7
121.3
109.2
83.4
QoQ
YoY
18%
-6%
`13 Total
21,152.1
1.9%
18%
28%
12,969.7
0.5%
18%
29%
12,962.3
30%
70.6
0.5%
-4%
-4%
11,801.0
5%
415.6
6.4%
4.3%
2.7%
4.7%
3.6%
3.8%
3.7%
2.9%
1,463.8
960.5
668.8
4,298.8
1,216.6
1,733.5
973.2
719.7
Op. Income
77.4
91.1
20.5
-4.2
184.8
81.7
171.0
19.5
7.3
279.5
(%)
6.4%
6.2%
2.1%
-0.6%
4.3%
6.7%
9.9%
2.0%
1.0%
6.0%
Sales
741.6
818.0
716.3
755.6
3,031.5
709.0
748.7
654.1
663.7
Op. Income
-29.3
-25.9
-20.9
-25.2
-101.3
3.4
-3.0
-12.4
-13.9
3.5%
-26%
1%
8%
-12%
4,643.0
2,775.5
8%
-8%
-25.9
12,227.9
12,859.0
12,375.8
13,497.3
50,960.0
12,901.3
14,051.4
12,646.9
13,741.7
Op. Income
376.2
508.3
147.0
108.1
1,139.6
333.0
443.2
161.0
207.7
1,144.9
(%)
3.1%
4.0%
1.2%
0.8%
2.2%
2.6%
3.2%
1.3%
1.5%
2.1%
Sales
976.8
975.6
906.4
1,303.8
4,162.6
1,199.3
1,180.9
1,245.3
1,173.6
Op. Income
25.5
18.4
24.5
8.8
77.2
16.5
36.1
56.8
30.4
Sales
29%
70.9
5.7%
Sales
-5%
404.8
1,205.7
Sales
YoY
9%
-6%
2%
-10%
53,341.3
4,799.1
5%
15%
139.8
13,204.7
13,834.6
13,282.2
14,801.1
55,122.6
14,100.6
15,232.3
13,892.2
14,915.3
Op. Income
401.7
526.7
171.5
116.9
1,216.8
349.5
479.3
217.8
238.1
7%
1%
58,140.4
1,284.7
(%)
3.0%
3.8%
1.3%
0.8%
2.2%
2.5%
3.1%
1.6%
1.6%
2.2%
5%
* Due to the establishment of Vehicle Components division(VC), the divisional financial data has been restated accordingly.
* Since this is not an audited nor reviewed report, content may be changed in the future if an auditor has a concern.
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