Changes of 30% or More in Sales or Profits/Losses (15% or More in the Case of Large-sized Corporations)
※ Note that this disclosure is stated by the concerned company, thus the details may be changed according to audit results. Refer to the disclosure "Submission of Audit Report" for finalized details.
1. Type of financial statements Consolidated financial statements
2. Details of changes (KRW thou.) Current fiscal year Previous fiscal year Amount increased/ decreased Increase/ decrease rate (%)
- Sales (limited to amount of revenue according to sales of goods and services provided) 1,153,843,059 884,078,269 269,764,790 30.5
- Operating income 203,921,089 145,937,799 57,983,290 39.7
- Net income from continuing operation before income tax 323,860,972 26,566,568 297,294,404 1119.1
- Net income 306,589,438 27,527,431 279,062,007 1013.8
- Classified as a large-sized corporation? Yes
3. Financial status (KRW thou.) Current fiscal year Previous fiscal year
- Total assets 3,859,734,559 3,345,588,771
- Total liabilities 2,341,620,169 2,492,265,618
- Total shareholders' equity 1,518,114,390 853,323,153
- Capital stock 159,588,730 122,135,545
- Total shareholders' equity/capital stock ratio (%) 951.3 698.7
4. Main causes for changes in sales or profits/losses amount - Increased sales and operating profit/net income due to the shipping market conditions, rising oil prices, and the incorporation of Chang Myung Shipping Co.,Ltd as a new target of consolidation
- Increased net income due to the reversal of provisioning liabilities following the winning of the second trial in the litigation for assigned claim for payments and the gains on the disposal of tangible assets from the sale of ships
5. Date of board resolution (decision date) 2022-02-15
- Attendance of outside directors Present (No.) 4
Absent (No.) 0
- Attendance of auditors (members of Audit Committee who are not outside directors) -
6. Other matters to be factored into investment decisions
1. The financial statements are consolidated financial statements prepared in accordance with Korean International Financial Reporting Standards (K-IFRS).

2. The results for the current fiscal year (2021) and the status as a large-scale corporation are subject to change according to external audit results and the approval process at the general meeting of shareholders.
※ Related disclosure -
[Matters Related to Parent Company]
Category Financial statements Current fiscal year Previous fiscal year
Total shareholders' equity (excluding non-controlling shareholders' equity) Consolidated financial statements 1,286,595,138 772,317,246
Total shareholders' equity/capital stock ratio(%) (excluding non-controlling shareholders' equity) Consolidated financial statements 806.2 632.3
Sales amount (limited to amount of revenue according to sales of goods and services provided) (KRW thou.) Non-consolidated financial statements 476,312,830 500,046,204

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Korea Line Corporation published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 04:40:00 UTC.