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Spin-off as of May. 1. 2007

Description 2009 2008 2007
Assets
Current assets 225,400 188,546 140,579
Quick assets 180,927 148,054 111,302
Cash and cash equivalents 42,793 27,925 5,753
Short-term financial instruments - - 369
Trade receivables 103,977 92,897 81,695
Allowance for bad debts (4,572) (1,670) (1,458)
Other account receivables 3,864 2,908 2,986
Allowance for bad debts (934) (108) (101)
Accrued income 1 8 -
Advance payments 19,240 11,981 10,298
Allowance for bad debts (2,278) (1,339) (1,331)
Prepaid expenses 13,089 7,912 7,980
Deferred income tax assets 5,011 3,628 4,004
Others 736 3,914 1,106
Inventories 44,474 40,492 29,278
Finished goods 34,065 27,747 20,328
Allowance for valuation loss (4,941) (4,236) (3,901)
Merchandise 3,625 5,920 3,608
Allowance for valuation loss (772) (474) (419)
Work in process 12,497 11,534 9,658
Others 0 - 3
Non-current assets 247,066 240,928 227,540
Investment assets 30,826 34,252 28,927
Long-term financial instruments 6 16 6
Long-term investment securities 910 5,569 420
Investment securities for equity method 29,722 28,479 28,178
Deferred income tax assets - 0 0
Other investment assets 188 188 188
Property and equipment 107,640 97,743 100,860
Land 24,382 24,382 24,287
Buildings 57,800 57,800 57,800
Accumulated depreciation (11,092) (9,647) (8,202)
Vehicles 243 243 242
Accumulated depreciation (188) (152) (93)
Fixtures and equipments 40,200 47,100 45,027
Accumulated depreciation (33,990) (38,857) (37,001)
Interiors - - -
Accumulated depreciation - - -
Construction in progress 29,001 16,874 16,250
Books for rental - 4,344 3,846
Accumulated depreciation - (4,344) (1,410)
Other P&E 1,768 - 334
Accumulated depreciation (484) - (220)
Intangible assets 52,143 63,760 58,510
Goodwill 10,570 12,556 1,836
Industrial rights 37 50 72
R&D 24,113 26,717 25,861
Other intangible assets - (691) 3,979
Usable and profitable donation assets 17,422 25,128 26,762
Other Non-current assets 56,458 45,172 39,378
Guarantee deposits 37,012 37,655 33,583
Memberships 4,066 4,066 4,066
Long-term loans 14,561 1,297 1,026
Long-term trade receivables 19 19 12
Allowance for bad debts (19) (19) (12)
Deferred income tax assets 819 2,155 703
TOTAL ASSETS 472,467 429,474 368,119
Liabilities
Current liabilities 194,382 191,965 136,362
Trade payables 11,705 9,085 8,474
Short-term borrowings 25,214 35,979 10,080
Other accounts payables 14,052 14,295 15,250
Advance receipts 53,952 49,755 47,492
Withholdings 4,434 3,018 2,992
Unearned income 0 0 -
Accrued expenses 45,364 40,124 39,400
Accrued income taxes 12,472 9,589 5,586
Rent deposits 2,007 2,139 2,023
Dividend payable 143 0 0
VAT withhold - - 114
Provision for possible returned copies 3,658 3,101 3,532
Allowance for mileage 1,381 1,473 1,418
Bonds 20,000 10,000 -
Others - 23,407 -
Non-current liabilities 41,390 40,285 61,136
Bonds 10,000 20,000 30,000
Long-term borrowings 10,000 - 10,003
Provision for severance and retirement
benefits
23,086 21,098 20,061
Transferred to national pension fund (31) (41) (53)
Deposits for employee's group severance (15,955) (14,404) (13,197)
Security reserve for sales commission 8,215 7,600 7,697
Deposit withhold 349 317 215
Long-term accounts payables 5,727 5,715 6,321
Deferred income tax liabilities - - -
Others 0 - 88
TOTAL LIABILITIES 235,772 232,250 197,498
Capital stock 12,645 12,596 12,329
Common stock 12,645 12,596 12,329
Capital surplus 143,465 145,954 137,857
Paid-in capital in excess of par value 143,464 142,929 137,857
Gain on disposition of treasury stocks 0 - -
Other capital surplus 1 3,025 -
Capital adjustments (2,787) (1,092) 317
Treasury stock (56) (56) (85)
Stock option 590 300 401
Others (3,322) (1,336) -
Accumulated other comprehensive income 488 379 (1,518)
Gain(loss) on valuation of long-terminves
tment securities
5 2 9
Capital adjustments for equity
method securities
444 376 (1,527)
Retained earnings 82,925 39,388 21,637
Legal reserve 2,540 1,100 0
Retained earnings before appropriation 80,385 38,288 21,637
Others - 0 -
SHAREHOLDERS' EQUITY 236,695 197,224 170,622

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