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Consolidated Statements of Financial Position (In millions of KRW and thousands of US$) As of 31-Dec-23 30-Sep-24 KRW US$ KRW US$ (audited) (unaudited) (unaudited) (unaudited)Assets Current assets: Cash and cash equivalents 184,082 139,993 200,677 152,613 Short-term financial instruments 277,215 210,820 313,316 238,274 Accounts receivable, net 71,213 54,157 66,385 50,485 Other receivables, net 3,637 2,766 473 360 Prepaid expenses 2,994 2,277 4,894 3,722 Other current financial assets 4,439 3,376 5,884 4,475 Other current assets 3,319 2,524 3,921 2,982 Total current assets 546,899 415,913 595,550 452,911 Property and equipment, net 10,151 7,720 7,230 5,498 Intangible assets, net 6,370 4,844 5,827 4,431 Deferred tax assets 5,952 4,526 5,542 4,215 Other non-current financial assets 1,824 1,387 1,624 1,235 Other non-current assets 6,985 5,312 8,562 6,510 Total assets 578,181 439,702 624,335 474,800 Liabilities and Equity Current liabilities: Accounts payable 61,778 46,982 49,951 37,987 Deferred revenue 18,093 13,760 17,902 13,614 Withholdings 3,072 2,336 3,595 2,734 Accrued expense 2,313 1,759 2,945 2,240 Income tax payable 16,927 12,873 5,873 4,466 Other current liabilities 4,251 3,233 2,777 2,112 Total current liabilities 106,434 80,943 83,043 63,153 Long-term account payables 677 515 898 683 Long-term deferred revenue 1,785 1,357 2,652 2,017 Other non-current liabilities 3,175 2,415 2,332 1,774 Deferred tax liabilities 2,382 1,811 2,383 1,812 Total liabilities 114,453 87,041 91,308 69,439 Share capital 3,474 2,642 3,474 2,642 Capital surplus 27,098 20,608 26,979 20,517 Other components of equity 4,016 3,054 11,606 8,826 Retained earnings 428,499 325,870 490,318 372,882 Equity attributable to owners of the Parent Company 463,087 352,174 532,377 404,867 Non-controlling interest 641 487 650 494 Total equity 463,728 352,661 533,027 405,361 Total liabilities and equity 578,181 439,702 624,335 474,800 * For convenience purposes only, the KRW amounts are expressed in U.S.dollars at the rate of KRW 1,314.94 to US$ 1.00, the noon buying rate in effect on September 30, 2024 as quoted by the Federal Reserve Bank of New York.GRAVITY Co., Ltd.
Consolidated Statements of Comprehensive Income (In millions of KRW and thousands of US$ except for share and ADS data) Three months ended Nine months ended 30-Jun-2430-Sep-2330-Sep-24 30-Sep-23 30-Sep-24 (KRW) (KRW) (KRW) (US$) (KRW) (KRW) (US$) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)Revenues: Online games 19,445 17,316 19,657 14,949 57,037 57,167 43,475Mobile games 99,019 155,467 102,524 77,969 513,148 300,090 228,216Other revenue 4,503 3,362 6,195 4,711 9,801 13,865 10,544Total net revenue 122,967 176,145 128,376 97,629 579,986 371,122 282,235Cost of revenue 76,006 117,834 76,261 57,996 391,628 225,895 171,791Gross profit 46,961 58,311 52,115 39,633 188,358 145,227 110,444Operating expenses: Selling, general and administrative expenses 28,108 17,190 20,325 15,457 45,490 64,181 48,809Research and 4,286 3,964 3,706 2,818 9,738 11,594 8,817Others, net (422) (760) 508 387 (806) 18 14Total operating 31,972 20,394 24,539 18,662 54,422 75,793 57,640Operating profit 14,989 37,917 27,576 20,971 133,936 69,434 52,804Finance income(costs): Finance income 8,867 7,059 5,924 4,505 16,733 21,088 16,037Finance costs (3,799) (3,768) (5,085) (3,867) (8,138) (9,552) (7,264)Profit before income tax 20,057 41,208 28,415 21,609 142,531 80,970 61,577Income tax expense 7,476 12,223 6,080 4,624 32,092 19,172 14,580Profit for the year 12,581 28,985 22,335 16,985 110,439 61,798 46,997Profit attributable to: Non-controlling interest 12 24 (50) (38) (4) (21) (15)Owners of Parent 12,569 28,961 22,385 17,023 110,443 61,819 47,012Earnings per share - Basic and diluted 1,809 4,168 3,221 2.45 15,894 8,896 6.77Weighted average number of shares outstanding - Basic and diluted 6,948,900 6,948,900 6,948,900 6,948,900 6,948,900 6,948,900 6,948,900Earnings per ADS - Basic and diluted 1,809 4,168 3,221 2.45 15,894 8,896 6.77 * For convenience, the KRW amounts are expressed in U.S.dollars at the rate of KRW 1,314.94 to US$1.00, the noon buying rate in effect on September 30, 2024 as quoted by the Federal Reserve Bank of New York.(1) Each ADS represents one common share.
Mobile game revenues were KRW 102,524 million (US$ 77,969 thousand) for the third quarter of 2024, representing a 3.5% increase QoQ from KRW 99,019 million and a 34.1% decrease YoY from KRW 155,467 million.
