19. Statements of cash flows
(1) Cash generated from operations for the years ended December 31, 2017 and 2016 are as follows:
|
|
|
2017 |
|
|
2016 |
|
||||
|
|
|
|
(In millions of Korean won) |
|
||||||
|
Profit for the year |
|
|
|
13,314 |
|
|
|
|
587 |
|
|
Depreciation expense |
|
|
|
375 |
|
|
|
|
340 |
|
|
Amortization expense |
|
|
|
145 |
|
|
|
|
176 |
|
|
Bad debt expenses |
|
|
|
74 |
|
|
|
|
1 |
|
|
Unrealized foreign currency loss |
|
|
|
671 |
|
|
|
|
765 |
|
|
Loss on retirement and disposal of property and equipment |
|
|
|
37 |
|
|
|
— |
|
|
|
Impairment losses on intangible assets |
|
|
|
230 |
|
|
|
|
5 |
|
|
Post-employment benefit expense |
|
|
|
164 |
|
|
|
|
(19 |
) |
|
Income tax expense |
|
|
|
1,144 |
|
|
|
|
3,240 |
|
|
Unrealized foreign currency gain |
|
|
|
(288 |
) |
|
|
|
(269 |
) |
|
Interest income |
|
|
|
(554 |
) |
|
|
|
(522 |
) |
|
Gain on disposal of property and equipment |
|
|
|
(2 |
) |
|
|
|
(2 |
) |
|
Change in accounts receivables |
|
|
|
(27,786 |
) |
|
|
|
(6,363 |
) |
|
Change in other receivables |
|
|
|
12 |
|
|
|
|
(445 |
) |
|
Change in prepaid expenses |
|
|
|
(1,390 |
) |
|
|
|
(186 |
) |
|
Change in other current assets |
|
|
|
(400 |
) |
|
|
|
259 |
|
|
Change in other non-current assets |
|
|
|
(449 |
) |
|
|
|
(825 |
) |
|
Change in accounts payables |
|
|
|
35,046 |
|
|
|
|
1,709 |
|
|
Change in deferred revenue |
|
|
|
1,980 |
|
|
|
|
1,304 |
|
|
Change in withholdings |
|
|
|
1,239 |
|
|
|
|
11 |
|
|
Change in accrued expenses |
|
|
|
187 |
|
|
|
|
(85 |
) |
|
Change in other current liabilities |
|
|
|
68 |
|
|
|
|
(5 |
) |
|
Change in long-term deferred revenue |
|
|
|
4,111 |
|
|
|
|
5,537 |
|
|
Change in other non-current liabilities |
|
|
|
261 |
|
|
|
— |
|
|
|
Total |
|
|
|
28,189 |
|
|
|
|
5,213 |
|
(2) Significant non-cash transactions for the years ended December 31, 2017 and 2016 are as follows:
|
|
|
2017 |
|
|
2016 |
|
||||
|
|
|
|
(In millions of Korean won) |
|
||||||
|
Reclassification of other non-current assets to property and equipment |
|
|
— |
|
|
|
|
16 |
|
|
|
Reclassification of other non-current assets to intangible assets |
|
|
|
12 |
|
|
|
|
9 |
|