April 25, 2019 | |
Name of Company: | NEXON Co., Ltd. |
Representative: | Owen Mahoney, Chief Executive Officer |
and President | |
(Stock Code: 3659, TSE First Section) | |
Contact: | Koji Abe, Administration Division |
Telephone: | Manager |
03-6629-5318 |
Notice of Financial Results of Unlisted Other Affiliated Company
NEXON Co., Ltd. ("NEXON") announced the financial results of its"other affiliated company," NXC Corporation, for the year ended December 31, 2018 as follows:
1.Summary of unlisted parent company, etc.
(1) Name | NXC Corporation | |
(2) | Location | 3198-8,1100-ro,Jeju-si,Jeju-do, KOREA |
(3) | Title/name of representative | Jungju Kim, President and Representative |
Director | ||
(4) | Business description | Management of subsidiaries and the business |
(5) | Capital | of leasing and management of real estates |
1,454 million Korean Won |
2.Shareholding by shareholder category, major shareholders and directors of the parent company, etc.
(1)Shareholding by shareholder category
As of December 31, 2018
Stock information | Sharehold | ||||||||
Category | Government | Financial | Foreign corporation, etc. | Individuals | ing of | ||||
and local | Financial | instruments | Other | Total | fractional | ||||
public | institution | business | corporation | Non- | Individuals | and Other | units | ||
authorities | operator | individuals | |||||||
Number | |||||||||
of | - | - | - | 1 | - | - | 4 | 5 | - |
sharehold | |||||||||
ers | |||||||||
Number | |||||||||
of shares | - | - | - | 50,000 | - | - | 2,858,500 | 2,908,500 | - |
owned | |||||||||
(share) | |||||||||
Sharehold | |||||||||
ing ratio | - | - | - | 1.72 | - | - | 98.28 | 100.00 | - |
(%) |
1
(2) Details about major shareholders
As of December 31, 2018
Number of | Shares held as a | ||
Name | Address | shares | percentage of |
owned | total issued | ||
(shares) | shares (%) | ||
Jungju Kim | Jeju-do, KOREA | 1,963,000 | 67.49 |
Junghyun Yoo | Jeju-do, KOREA | 856,000 | 29.43 |
Wise Kids Corporation | Seoul, KOREA | 50,000 | 1.72 |
Total | - | 2,869,000 | 98.64 |
(Note) Shareholders owning 1/100 or more of total issued shares are listed.
(3)Details about Directors
Male 3, Female 1(Female comprises 25% of Directors and Statutory Auditors)
Date of | Term of | Number | ||||
Title | Name | Career summary | of shares | |||
birth | office | owned | ||||
(shares) | ||||||
President | Jungju Kim | February | December 1994 | Appointed as Director | From | 1,963,000 |
and | 22, 1968 | of Nexon Corporation | March | |||
Represent | (current NXC | 31, 2019 | ||||
ative | Corporation) | to | ||||
Director | December 1997 | Resigned from Director | March | |||
30, 2022 | ||||||
of same company | ||||||
July 2000 | Appointed as Director | |||||
of Xeogen, Inc. | ||||||
June 2001 | Appointed as Director | |||||
of Mobile Hands | ||||||
Company Limited | ||||||
(current Wise Kids | ||||||
Corporation) | ||||||
June 2005 | Appointed as | |||||
Representative | ||||||
Director of Nexon | ||||||
Corporation (current | ||||||
NXC Corporation) | ||||||
(current post) | ||||||
October 2005 | Appointed as | |||||
Representative | ||||||
Director of Nexon | ||||||
Corporation (current | ||||||
Nexon Korea | ||||||
Corporation) | ||||||
November 2006 | Resigned from | |||||
Representative | ||||||
Director of the same | ||||||
company | ||||||
March 2007 | Appointed as | |||||
Representative | ||||||
Director of Wizet | ||||||
Corporation (current | ||||||
NXProperties | ||||||
Corporation) | ||||||
July 2008 | Appointed as Director | |||||
of Galerie313 | ||||||
Corporation (current | ||||||
post) | ||||||
2 |
August 2008 | Resigned from Director | |||||
of Xeogen, Inc. | ||||||
September 2010 | Appointed as Director | |||||
of NEXON | ||||||
May 2014 | Appointed as Director | |||||
of C Program(current | ||||||
post) | ||||||
July 2016 | Resigned from Director | |||||
of NEXON | ||||||
Director | Dohwa Lee | November | November 2000 | Joined Samil | From | - |
16, 1973 | PricewaterhouseCoope | March | ||||
rs | 31, 2019 | |||||
October 2002 | to | |||||
Registered as CPA in | March | |||||
Korea | 30, 2022 | |||||
April 2006 | Joined NEXON Korea | |||||
Corporation | ||||||
September 2009 | Appointed as | |||||
Accounting and | ||||||
Finance Division | ||||||
Manager of NEXON | ||||||
January 2012 | Appointed as director | |||||
of NEXON Networks | ||||||
Corporation | ||||||
October 2012 | Appointed as director | |||||
of NXC Corporation | ||||||
(current post) | ||||||
November 2012 | Appointed as statutory | |||||
auditor of Gallery 313 | ||||||
Co., Ltd. (current post) | ||||||
April 2015 | Appointed as Chief | |||||
Executive Officer of | ||||||
VIP Private Equity | ||||||
Fund I (current post) | ||||||
January 2016 | Appointed as statutory | |||||
auditor of Gaseung | ||||||
Development Co., Ltd. | ||||||
(current post) | ||||||
March 2016 | Appointed as Director | |||||
of NEXON | ||||||
March 2016 | Appointed as Chief | |||||
Executive Officer of | ||||||
NXProperties | ||||||
Corporation (current | ||||||
post) | ||||||
July 2016 | Resigned from Director | |||||
of NEXON | ||||||
January 2018 | Director of Korbit, Inc. | |||||
(to present) | ||||||
March 2018 | Appointed as Director | |||||
(Audit and Supervisory | ||||||
3 |
Committee Member) of | ||||||
NEXON | ||||||
Director | Hak Yong | January10 | November 1999 | Joined Nexon | From | - |
Kim | , 1978 | Corporation (current | October | |||
NXC Corporation) | 28, 2017 | |||||
October 2014 | Appointed as Director | to | ||||
October | ||||||
of NXC Corporation | 27, 2020 | |||||
(current post) | ||||||
January 2016 | Appointed as Director | |||||
of Gaseung | ||||||
Development Co., Ltd. | ||||||
(current post) | ||||||
Statutory | Junghyun | April 16, | September 1995 | Joined Nexon | From | 856,000 |
Auditor | Yoo | 1969 | Corporation (current | March | ||
NXC Corporation) | 31, 2019 | |||||
April 2002 | Appointed as | to | ||||
March | ||||||
Representative | 31, 2022 | |||||
Director of Nexon | ||||||
Networks Corporation | ||||||
July 2003 | Appointed as Director | |||||
of Nexon Corporation | ||||||
(current NXC | ||||||
Corporation) | ||||||
July 2004 | Appointed as Director | |||||
of NXProperties | ||||||
Corporation | ||||||
March 2006 | Appointed as an audit | |||||
committee member of | ||||||
Nexon Holdings | ||||||
Corporation (current | ||||||
NXC Corporation) | ||||||
July 2008 | Appointed as | |||||
Representative | ||||||
Director of Galerie313 | ||||||
Corporation | ||||||
October 2010 | Appointed as Statutory | |||||
Auditor of NXC | ||||||
Corporation (current | ||||||
post) | ||||||
Total | 2,819,000 |
4
3. Financial Statements
(1) Consolidated Financial statement
The consolidated financial statement of NXC Corporation was prepared in accordance with IFRS and NEXON Co., Ltd. is treated as "subsidiary" of NXC Corporation under IFRS.
NXC Corporation
Statements of Financial Position
December 31, 2018 and 2017
(in Korean won) | 2018 | 2017 | |||
Assets | |||||
Current assets | |||||
Cash and cash equivalents | ₩ | 3,357,455,178,004 | ₩ | 1,921,933,171,177 | |
Financial assets at fair value through profit or loss | 128,792,221,538 | 139,930,065,180 | |||
Trade receivables | 356,929,775,755 | 367,993,583,222 | |||
Other financial assets | 2,950,403,255,163 | 2,279,077,905,038 | |||
Other assets | 122,659,637,346 | 133,352,207,303 | |||
Inventories | 53,467,702,052 | 47,854,534,812 | |||
Current tax assets | 18,832,621,220 | 6,572,243,443 | |||
6,988,540,391,078 | 4,896,713,710,175 | ||||
Non-current assets to be sold | 4,019,482,895 | - | |||
Non-current assets | |||||
Available-for-sale financial assets | - | 420,002,859,947 | |||
Financial assets at fair value through profit or loss | 259,372,248,931 | - | |||
Financial assets at fair value through other comprehensive income | 166,720,198,154 | - | |||
Other financial assets | 89,579,716,201 | 79,592,428,754 | |||
Investment in associates | 124,152,468,766 | 144,755,991,083 | |||
Property and equipment | 315,429,176,425 | 312,794,271,338 | |||
Intangible assets | 1,369,867,423,713 | 1,110,782,485,898 | |||
Investment property | 12,371,772,430 | 39,349,012,977 | |||
Other assets | 2,218,443,171 | 549,932,943 | |||
Deferred tax assets | 135,053,826,646 | 104,064,809,252 | |||
Total assets | 2,474,765,274,437 | 2,211,891,792,192 | |||
₩ | 9,467,325,148,410 | ₩ | 7,108,605,502,367 | ||
Liabilities | |||||
Current liabilities | |||||
Trade payables | 73,351,476,835 | 57,301,673,562 | |||
Borrowings | 454,211,127,340 | 190,235,482,263 | |||
Other financial liabilities | 1,113,700,813,706 | 409,532,499,745 | |||
Financial liabilities at fair value through profit or loss | 13,356,819,197 | - | |||
Other liabilities | 150,819,100,823 | 139,166,172,349 | |||
Provisions | 1,016,786,649 | 211,564,402 | |||
Current tax liabilities | 159,884,717,371 | 198,052,242,590 | |||
Non-current liabilities | 1,966,340,841,921 | 994,499,634,911 | |||
Borrowings | 71,697,551,740 | 96,817,968,938 | |||
Other financial liabilities | 36,350,132,504 | 117,659,442,666 | |||
Financial liabilities at fair value through profit or loss | 219,216,919,244 | - | |||
Other liabilities | 177,425,610,735 | 77,594,667,441 | |||
Provisions | 5,063,970,538 | 4,184,478,279 | |||
Net defined benefit liabilities | 8,981,046,654 | 4,590,851,862 | |||
Deferred tax liabilities | 291,269,030,493 | 317,015,517,006 | |||
Total liabilities | 810,004,261,908 | 617,862,926,192 | |||
2,776,345,103,829 | 1,612,362,561,103 | ||||
Equity attributable to owners of the Parent | |||||
Capital stock | 1,454,250,000 | 1,454,250,000 | |||
Paid-in capital in excess of par value | 5,257,138,814 | 5,257,138,814 | |||
Other components of equity | 840,763,271,556 | 740,982,715,942 | |||
Retained earnings | 2,619,773,655,037 | 2,403,719,195,126 | |||
Non-controlling interest | 3,223,731,729,174 | 2,344,829,641,382 | |||
Total equity | 6,690,980,044,581 | 5,496,242,941,264 | |||
Total liabilities and equity | ₩ | 9,467,325,148,410 | ₩ | 7,108,605,502,367 |
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Nexon Co. Ltd. published this content on 25 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 April 2019 06:22:06 UTC