 |
 |
 |
 |
| Total sales |
825,210 |
784,613 |
690,217 |
| Cost of sales |
324,220 |
314,794 |
272,097 |
| Gross profit |
500,990 |
469,819 |
418,121 |
| Selling and administrative expenses |
414,82 |
403,919 |
360,936 |
| Salaries |
73,865 |
76,073 |
72,282 |
| Severance and retirement benefits |
6,786 |
8,752 |
7,732 |
| Employee benefits |
12,583 |
12,576 |
10,225 |
| Sales commission |
128,064 |
114,269 |
105,544 |
| Sales promotion |
16,944 |
20,020 |
20,498 |
| Advertising |
12,142 |
14,192 |
13,531 |
| Samples |
- |
- |
- |
| Royalties |
12,880 |
12,943 |
9,998 |
| Packing and transportation |
9,571 |
8,745 |
5,642 |
| Communication |
4,110 |
4,281 |
3,901 |
| Rent |
23,881 |
22,149 |
20,437 |
| Warehousing |
- |
- |
- |
| Collection fee |
715 |
686 |
553 |
| Utilities |
2,445 |
2,623 |
2,339 |
| Vehicle maintenance |
162 |
120 |
69 |
| Taxes and dues |
3,623 |
3,641 |
3,5553,169 |
| Commission fee |
15,191 |
13,588 |
7,634 |
| Travel |
2,258 |
2,615 |
1,921 |
| Periodicals and printing |
379 |
419 |
359 |
| Training |
11,231 |
13,050 |
11,711 |
| Outsourcing fee |
43,879 |
35,041 |
27,935 |
| Supplies |
2,655 |
3,238 |
3,040 |
| Insurance |
231 |
171 |
224 |
| Entertainment |
610 |
525 |
686 |
| Conference |
501 |
479 |
465 |
| Ordinary R&D expenses |
80 |
32 |
69 |
| Repairs and maintenance |
2,278 |
3,989 |
2,253 |
| Bad debt expenses |
4,753 |
469 |
400 |
| Depreciation |
5,041 |
5,824 |
5,549 |
| Amortization |
18,017 |
23,410 |
22,274 |
| Others |
- |
- |
110 |
| Operating profit |
86,171 |
65,900 |
57,185 |
| Non-operating profit |
5,006 |
5,896 |
4,300 |
| Interest |
1,387 |
1,397 |
776 |
| Dividend |
- |
- |
- |
| Gain on valuation of equity method |
1,678 |
215 |
2,282 |
| Gain on stake variation for equity method stocks |
- |
- |
- |
| Gain on valuation of marketable securities |
- |
- |
- |
| Gain on disposal of invested assets |
- |
- |
- |
| Gain on disposal of property & equipment |
2 |
11 |
14 |
| Others |
1,939 |
4,274 |
1,228 |
| Non-operating expenses |
14,707 |
28,247 |
17,808 |
| Interest |
4,548 |
4,050 |
3,603 |
| Loss on disposition of inventories |
- |
2,813 |
2,187 |
| Loss on valuation of equity method |
- |
3,506 |
3,290 |
| Loss on stake variation for equity method |
- |
- |
- |
| Loss on disposition of property & equipment |
4,483 |
225 |
397 |
Loss of impairment on tangible &
intangibleassets |
3,120 |
8,419 |
4,099 |
| Donation |
1,810 |
5,090 |
2,841 |
| Others |
746 |
4,145 |
1,391 |
| Pretax profit |
76,470 |
43,549 |
43,676 |
| Taxes |
18,575 |
14,951 |
12,541 |
| Net profit |
57,895 |
28,599 |
31,135 |
Change in COGS : due to the change in classification of accounting items such as Sales Commission(Home-tutoring), Amortisation(R&D), Depreciation(Book Rentals) from SG&A to COGS