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Description 2010 2009 2008 2007
Cash flows from operating activities 45,742 85,169 59,228 46,947
Net income 44,756 57,895 28,599 21,637
Expenses without cash outflows 45,504 53,803 66,476 40,827
Stock options 564 442 122 142
Reserve for severance and retirement benefits 8,276 7,595 9,510 5,540
Sales promotion - 0 - -
Loss on valuation of inventories - 1,004 389 1,094
Loss on disposal of inventories 4,408 4,265 2,813 1,096
Depreciation 5,474 5,587 6,811 5,499
Amortization of intangible assets 20,298 26,349 30,792 19,348
Bad debt expenses 711 4,753 469 300
Loss on valuation of equity method investments - - 3,506 2,780
Loss on disposal of long-term investments - - - -
Loss on valuation of investmentment securities - - - -
Returning goods expenses - - - 536
Loss on investment assets - - - 22
Loss on foreign currency translation - - 3,404 92
Loss on disposal of tangibale/intangible assets 721 218 225 279
Write-offs on tabgible assets 120 - 2,530 2,591
Write-offs on intabgible assets 834 3,120 5,889 1,508
Loss on retirement of bonds - - - -
Loss on valuation of derivatives - - - -
Other bad debt expenses 4,098 - 16 -
Other - 470 - -
Revenues without cash inflows (5,261) (2,369) (3,540) (89)
Gain on disposal of tangible assets (11) (2) (11) (12)
Gain on valuation of derivatives - - (3,314) (72)
Gain on retirement of inventories valuation loss (2,618) - - -
Gain on valuation of available-for-sale securities - - - -
Gain on foreign currency translation - - - -
Recovery of allowance for bad debts - - - (5)
Gain on equity method investments (2,632) (1,678) (215) -
?Gain on disposal of long-term investments - - - -
Gain on disposal of investment assets - - - -
Others - (689) - -
Changes in operating assets and liabilities (39,288) (24,160) (32,307) (15,428)
Increase (decrease) in accounts receivable trade 3,877 (11,166) (10,885) (20,076)
Increase (decrease) in accounts receivable other 125 (956) 84 1,834
Increase (decrease) in accrued income 1 7 (8) 118
Increase (decrease) in advance payment (17,647) (7,260) -1,608 -1,095
Increase (decrease) in prepaid expenses 2,164 (5,177) 71 154
Change in deferred income tax assets (1,333) (48) (1,075) (338)
Increase (decrease) in inventories (6,367) (9,251) (14,331) (9,060)
Increase (decrease) in accounts payable trade (1,270) 2,620 612 1,704
Increase (decrease) in accounts payable other 2,277 (244) (925) (1,164)
Increase (decrease) in advance receipts (407) 4,197 1,916 (134)
Increase (decrease) in withholdings 281 1,416 13 810
Increase (decrease) in accrued expenses (4,021) 5,240 722 14,140
Increase (decrease) in income taxes payable (7,618) 2,883 3,984 5,586
Increase (decrease) in allowance for mileage (440) (91) 51 53
Increase (decrease) in long-term payables other (672) 12 (606) (839)
Increase (decrease) in advance payment of value-added tax - 107 (107) -
Increase (decrease) in VAT withold 10 143 (114) 114
Payment of retirement benefits (7,167) (5,607) (8,474) (3,357)
Decrease in transfers to National Pension Fund - 10 - 8
Increase (decrease) in severance insurance for employees 15,926 (1,551) (1,207) (3,886)
Increase in severance funds (16,880) - - -
Increase (decrease) in provision for possible returned copies (135) 556 (431) -
Increase in advance income - - 12 -
?Increase (decrease) in current deferred income tax assets - - - -
Increase (decrease) in current deferred income tax liabilities - - - -
Others 8 - - -
Cash flows from investing activities (74,348) (46,162) (51,679) (19,802)
Cash inflows from investing activities 6,795 14,020 18,129 7,305
-Decrease in short-term financial instruments - 369 -
Disposal of short-term investments - - - -
Decrease in short-term loans receivable provided - - 2,648 -
Decrease in long-term financial instruments - - - -
Disposal of long-term investments 142 541 367 65
Dividend of long-term investments 1,366 1,395 - -
Decrease in long-term loans receivable provided - - - 909
Decrease in guarantee deposits 5,174 11,890 14,671 6,129
Disposal of property, plant, and equipment 78 78 74 202
Receipts of government subsidiary - - - -
Others(M&A mileage, accounts payable, guarantee deposit) 35 106 - -
Cash outflows from investing activities (81,143) (60,182) (69,808) (27,107)
Decrease in short-term financial instruments - - - 32
Increase in long-term financial instruments (3) - (6) -
Acquisition of available-for-sale securiites (1,082) (492) (5,199) (20)
Increase in long-term loans receivable provided (10,642) (14,659) (2,115) (807)
Increase in short-term loans receivable provided (7,730) (50) - -
Increase in guarantee deposits (6,765) (11,247) (17,041) (6,766)
Acquisition of fixtures (3,444) (1,748) - (1,930)
Acquisition of equity method securities (16,500) - - -
Acquisition of Good will 4,497 (1,174) (8,716) -
Acquisition of property, plant, and equipment (511) - (595) (327)
Increase of construction in progress (29,276) (27,756) (22,129) (13,362)
Acquisition of patents-industrial - (4) (2) (1)
Acquisition of long-term investment securities - - - -
Increase in R&D expenses (646) (554) (2,241) (915)
Acquisition of other assets (48) (2,498) (7,170) (2,947)
Cash flows from financing activities 8,428 (24,138) 14,570 (25,107)
Cash inflows from financing activities 63,007 29,945 31,585 956,282
Increase in short-term borrowings 21,083 - 25,098 951,785
Increase in long-term borrowings 15,000 10,000 - -
Increase in debentures 20,000 10,000 - -
Increase in rental deposits 141 887 262 115
Increase in security reserve for sales commission 5,171 5,810 5,188 3,425
Increase in advance deposits 61 60 121 20
Exercise of stock options 54 432 916 937
Disposal of treasury stocks - - - -
Others 1,498 2,756 - -
Cash outflows from financing activities (54,579) (54,083) (17,015) (981,389)
Decrease in current long-term borrwings - (12,719) - -
Decrease in current debentures (20,000) (10,000) - -
Decrease in short-term borrowings - (10,764) - (977,972)
Decrease in long-term borrowings - - (695) -
Decrease in rental deposits (130) (1,019) (167) (15)
Payment of dividends (28,953) (14,358) (10,848) -
Decrease in debentures - - - -
Decrease in security reserve for sales commission (5,391) (5,195) (5,285) (3,313)
Decrease in advance deposits (105) (28) (20) (5)
Acquisition of treasury stocks - - - (84)
Increasing in others - - 53 -
Increasing by Merge - - 53 -
Net increase (decrease) in cash and cash equivalents 20,179 14,869 22,172 2,038
Cash and cash equivalents at beginning of the year 47,793 27,925 5,753 3,715
Cash and cash equivalents at end of the year 22,615 42,793 27,925 5,753
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