*G2R 2009AR_(내지)

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1 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1. 주주여러분께드리는말씀 04 - 영업개황보고 2. 영업보고서 1. 회사의개황 영업의경과및성과 모회사, 자회사및기업결합사항등 최근 3년간영업실적및재무상태 회사가대처할과제 이사와감사의현황 대주주현황 회사 회사및자회사또는회사의자회사의타회사에대한출자현황 주요채권자등 결산기후에생긴중요한사실 그밖에영업에관한사항으로서중요하다고인정하는사항 감사보고서 1. 감사위원회의감사보고서 감사위원회의내부회계관리제도평가보고서 외부감사인의감사보고서 외부감사인의연결감사보고서 결산보고서 1. 재무상태표 손익계산서 포괄손익계산서 자본변동표 이익잉여금처분계산서 ( 안 ) 현금흐름표 재무제표에대한주석 ( 별지참조 ) 8. 연결재무상태표 연결손익계산서 연결포괄손익계산서 연결자본변동표 연결현금흐름표 연결재무제표에대한주석 ( 별지참조 ) Business Report (English) 41

2 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 4 주주여러분께드리는말씀 ( 영업개황보고 ) 존경하는주주여러분! 항상지투알과지투알계열회사에굳건한믿음과아낌없는성원을보내주시는주주여러분께모든임직원을대표하여깊은감사를드립니다. 월드컵, 아시안게임등대형스포츠이벤트호재에도불구하고, 광고업계는 2014년국내광고시장이전년수준에서거의성장하지못한채 9조 6,500 억원수준에그친것으로추정하고있습니다. 이는연초부터개인정보유출사건으로인해금융광고가제동에걸리고, 세월호참사여파가이어지면서광고시장이연중얼어붙었기때문입니다. 매체별로는지상파TV와신문등전통적인매체가예년과마찬가지로감소세를보인반면, 미생, 삼시세끼, 비정상회담등참신한방송프로그램들로인기를끈케이블TV/ 종편과가입자 1,000 만시대를연 IPTV 광고시장, LTE 서비스활성화로디지털동영상이용이증대된모바일광고시장등에서광고비가늘며광고시장의하락폭을메운것으로판단됩니다. 업종별로는예년과마찬가지로정보통신업종이가장많은광고비를집행한가운데, O2O, Online to Offline 이경영전략의주요키워드로떠오른유통업종이모바일쇼핑앱과배달앱기업들의마케팅활동강화로가장크게광고비가증가됐으며, 모바일게임사들의마케팅전도크게눈에띄는한해였습니다. 지투알은창립 30주년을맞았던지난해전체적인광고시장의성장둔화속에서도전년대비 7.1% 라는견고한성장을거두며취급고 1조 1,647 억원을달성하였습니다. 그중해외취급액은전년대비 22.7% 증가하며사상최초 3천억원대를기록하였습니다. 이는글로벌광고대행사업을미래성장동력의한축으로꾸준히투자해온결과로, 특히지난해당사는 LG전자 G3 글로벌런칭시 TVCF, 바이럴, 글로벌랜드마크옥외광고등온 오프라인을망라한통합캠페인을수행하는등 LG전자의주요해외광고캠페인을총괄대행하고, 해외네트워크의사업영역을더욱확대했습니다. 국내광고사업도대외경영환경변화에흔들림없이, 영국계게임회사킹닷컴과세계적명품시계브랜드인오메가를비롯해, 본죽, 알바천국, 에리트베이직, 우리카드, LIG손해보험, 쿠팡, 코베아, ABC마트,

3 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 5 광동제약, 해태음료, 서울우유등각업종의대표광고주들을신규영입하는성과를거뒀으며, BTL 분야에서는 2015 괴산세계유기농산업엑스포, 금호타이어글로벌전시등신규광고주개발을이뤘습니다. 당사는성공캠페인창출에서도큰결실을거뒀습니다. 지난한해광고계최고의화제작이었던우아한형제들의배달의민족캠페인은 우리가어떤민족입니까 라는유행어를낳으며, 배달의민족배달앱이국내최고의자리에오르는데이바지하였고, 대한항공은 < 내가사랑한유럽 TOP10> 광고로에피어워드코리아최고상수상과대한민국광고대상 4년연속대상수상이라는금자탑을세웠습니다. 잇따른성공캠페인을탄생시킨결과로, 당사는올해초열린 TVCF 어워드에서 2014년최고의광고회사로선정되기도하였습니다. 이외에도 2014년인천아시안게임개폐회식과오송국제바이오산업엑스포, 부산한 아세안특별정상회의문화행사를성공적으로대행했으며, 한국미혼모지원네트워크와초록우산어린이재단등의공익광고를재능기부형식으로제작해제공하여사회적책무또한소홀히하지않았습니다. 존경하는주주여러분! 각경제연구기관들이올해국내경제성장률을 3% 내외로전망하고있는가운데, 국내광고시장은지난해세월호참사여파로하락폭이컸던지상파TV 와멀티미디어이용증가트렌드가지속되고있는모바일, IPTV가중심이돼, 국내경제성장률과비슷한수준의성장을기록할것으로전망됩니다. 전체광고시장은다소나마회복세를보이겠지만, 일감몰아주기이슈와광고제작원가증대, 정부의기업체정년연장시책에따른인건비상승등광고회사의수익성악화요인은아직산재되어있는상황입니다. 이에당사는오로지성장만이살길이라는각오로, 신규광고주개발과전통적광고대행영역을벗어난신 ( 新 ) 사업추진에매진함과동시에, G4, OLED TV 등 LG의시장선도제품의글로벌사업성과창출을지원하고, 당사의글로벌사업영역을더욱확대함으로써양적인성장달성을위해임직원모두가최선을다할것입니다. 또한지난해업계최초로독자개발한멀티미디어플랫폼광고효과측정모델 MPM과 4-Screen 통합미디어플래닝솔루션 MPOPS PRO를한층정교화하는등당사만의차별화된소비자및시장감지능력을제고해질적으로도더욱강해질것입니다. 올해는당사에게있어새로운 30년을시작하는중요한해입니다. 겸허한마음으로주주여러분과고객사, 협력업체및지역사회, 당사의임직원모두에게사랑받는기업이되도록노력하겠습니다. 당사에늘관심을갖고지켜봐주시는주주여러분께진심으로감사드리며, 여러분의가정에건강과행복이충만하시기를진심으로기원합니다. 감사합니다 년 3 월 13 일 주식회사지투알대표이사김종립

4 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 6 영업보고서 회사의개황영업의경과및성과모회사, 자회사및기업결합사항등최근 3년간영업실적및재무상태회사가대처할과제이사와감사의현황대주주현황회사 회사및자회사또는회사의자회사의타회사에대한출자현황주요채권자등결산기후에생긴중요한사실그밖에영업에관한사항으로서중요하다고인정하는사항

5 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 0 7 Ⅰ. 회사의개황 1. 회사의목적 ( 정관상의사업목적 ) 지주회사업 광고업 인쇄및출판업 기타제품제조업 토목건설업 건물설비설치공사업 전기및통신공사업 건축마무리공사업 도소매및상품중개업 부동산임대, 공급및관련서비스업 시장조사및경영상담업 전문디자인업 기타사업지원서비스업 영화산업 기타오락, 문화및운동관련산업 위각호에부대되는사업 2. 영업소현황 영업소의명칭 중요사업내용및제품 소재지 본사 지주회사업 서울시마포구마포대로 종업원현황 [2014 년 12월 31일현재 ] 구분 임원 재경 인사 법무 트래픽 기타 계 인원수

6 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 주식에관한사항 1) 발행한주식의종류와수 [2014 년 12월 31일현재 ] 구분 주식수 금액 구성비 기명식보통주 16,567,409 주 17,571,493,000 원 100% 2) 자본금변동상황년월일 주식의종류 주식수 ( 주 ) 증자액 ( 천원 ) 증자후자본금 ( 천원 ) 증자내용 보통주 300,000 3,000,000 8,000,000 무상증자 보통주 1,600,000-8,000,000 액면분할 보통주 686,000 3,430,000 11,430,000 유상증자 보통주 68, ,900 11,772,900 주식배당 보통주 11,772,900-11,772,900 액면분할 보통주 5,798,593 5,798,593 17,571,493 유상증자 보통주 1,004,084-17,571,493 이익소각 3) 주식사무 결산일 12월 31일 정기주주총회개최 2월또는 3월중 주주명부폐쇄기간 1월 1일부터 1월 31일까지 공고신문 한국경제신문 주권의종류 1, 5, 10, 50, 100, 500, 1,000, 10,000 주권 (8종 ) 대리인의명칭 한국예탁결제원 주식업무대행기관 사무취급장소 부산광역시남구문현금융로 40 주식에대한특전 없음 5. 사채에관한사항 해당사항없음

7 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 0 9 Ⅱ. 영업의경과및성과 1. 연결매출액 ( 영업수익 ) [ 단위 : 백만원 ] 구분 31기 (2014 년 ) 30기 (2013 년 ) 29기 (2012 년 ) 제작매출액 310, , ,277 수입광고대행료 61,922 65,352 58,917 기타매출액 13,400 11,007 7,652 계 385, , ,846

8 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1 0 Ⅲ. 모회사, 자회사및기업결합사항등 1. 모회사현황 [2014 년 12 월 31 일현재 ] 상호소재지자본금주요업종소유주식수지분율 ( 주 ) 엘지서울시영등포구여의대로 ,359 백만원지주회사 5,798,593 주 35.0% 2. 자회사현황 [2014 년 12월 31일현재 ] 상호 소재지 자본금 주요업종 소유주식수 ( 주 ) 지분율 에이치에스애드 서울시마포구마포대로 155 5,306 백만원 광고 5,306,750 주 100% 엘베스트 서울시서초구반포대로 백만원 광고 32,801 주 100% GIIR America 180 Sylvan Avenue Englewood Cliffs, NJ USA 90만달러 광고 900주 100% 17 th Floor, West Twins Tower, Yuan Zhi Meng No:12, Jian Guo Men Wai Road, 50만달러 광고 - 100% Chao Yang District, Beijing, China 305 Third Floor, Copia Corporate GIIR India Suites, District Centre, Jasola, 79,018,682 루피 광고 7,901,868 주 100% New Delhi , India GIIR UK LG House, Bath Road, Slough, Berkshire, SL1 4DX, UK 100만달러 광고 642,691 주 100% GIIR Rus LLC 6 Floor, 4, 4 th Lesnoy per., Moscow, , Russia 87만달러 광고 - 100% LG Electronics do Brazil GIIR Do Brazil Av.Dr.Chucri Zaidan, andar CEP Vila 87만달러 광고 - 100% Cordeiro, Sao Paolo/SP, Brazil Richmond Bldg., 20 th floor, GIIR Thailand Sukhumvit26, Klongton, Klongtoey, 26백만바트 광고 260,000 주 100% Bangkok 10110, Thailand GIIR Germany Berliner Strasse 93, LG Building Ratingen, Germany 70만유로 광고 - 100% GIIR Ukraine 6 th Floor. 4(Lit.Z) basseynaya Str., Kiev, 01004, Ukraine 87만달러 광고 - 100%

9 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 모 자회사에대한이사겸직상황 [2014 년 12월 31일현재 ] 성명 모 자회사 직위 역할 ( 주 ) 지투알 사장 대표이사 김종립 ( 주 ) 에이치에스애드 사장 대표이사 ( 주 ) 엘베스트 사장 대표이사 Yuan Zhi Meng 이사 기타비상무이사 김생규 ( 주 ) 지투알 상무 사내이사 Yuan Zhi Meng 이사 기타비상무이사 ( 주 ) 지투알 이사 기타비상무이사 김영민 ( 주 ) 에이치에스애드 이사 기타비상무이사 ( 주 ) 엘베스트 이사 기타비상무이사 Ⅳ. 최근 3 년간영업실적및재무상태 1. 영업실적 1) 요약손익계산서 [ 금액 : 백만원 ] 제 31 기 제 30 기 제 29 기 항 목 (` ` ) (` ` ) (` ` ) 영업수익 11,291 10,057 14,245 영업비용 12,042 11,605 11,975 영업이익 ( 손실 ) (751) (1,547) 2,270 기타수익 / 금융수익 1,232 1,542 2,522 기타비용 / 금융비용 법인세비용차감전순이익 ( 손실 ) 422 (9) 4,770 법인세비용 95 (553) 382 당기순이익 ( 손실 ) ,388

10 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1 2 2) 요약연결손익계산서 [ 금액 : 백만원 ] 제 31 기 제 30 기 제 29 기 항 목 (` ` ) (` ` ) (` ` ) 매출액 385, , ,846 매출원가 266, , ,427 매출총이익 ( 손실 ) 119, , ,418 판매관리비 106,750 97,976 90,311 영업이익 ( 손실 ) 12,839 16,134 15,108 기타수익 / 금융수익 9,416 6,377 8,654 기타비용 / 금융비용 9,017 6,019 6,357 법인세비용차감전순이익 ( 손실 ) 13,239 16,493 17,405 법인세비용 3,702 4,122 5,317 당기순이익 ( 손실 ) 9,537 12,426 12,285 지배주주 9,671 11,961 12,272 비지배주주 (133) 재무상태 1) 요약재무상태표 [ 금액 : 백만원 ] 제 31 기 제 30 기 제 29 기 항 목 ( ) ( ) ( ) 자산 1. 유동자산 48,413 50,463 54, 비유동자산 49,014 48,482 47,964 자산총계 97,427 98, ,430 부채 1. 유동부채 2,739 1,594 2, 비유동부채 1, 부채총계 3,951 2,338 2,771 자본 1. 자본금 17,571 17,571 17,571

11 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1 3 요약재무상태표 - 계속 [ 금액 : 백만원 ] 2. 자본잉여금 54,582 54,582 54, 이익잉여금 26,816 30,023 32, 기타포괄손익누계액 (41) (117) 기타자본항목 (5,453) (5,453) (5,453) 자본총계 93,476 96,607 99,659 부채와자본총계 97,427 98, ,430 2) 요약연결재무상태표 [ 금액 : 백만원 ] 제 31 기 제 30 기 제 29 기 항 목 ( ) ( ) ( ) 자산 1. 유동자산 372, , , 비유동자산 25,489 23, ,220 자산총계 398, , ,913 부채 1. 유동부채 264, , , 비유동부채 8,693 4,163 4,700 부채총계 273, , ,714 자본 1. 지배기업소유주지분 125, , ,912 자본금 17,571 17,571 17,571 연결자본잉여금 55,024 54,582 54,582 연결이익잉여금 62,330 58,511 50,074 연결기타포괄손익누계액 (337) (546) (105) 연결기타자본항목 (9,210) (9,210) (9,210) 2. 비지배지분 자본총계 125, , ,199 부채및자본총계 398, , ,913

12 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 자본변동 1) 요약자본변동표 [ 금액 : 백만원 ] 제 31 기 제 30 기 제 29 기 항 목 (` ` ) (` ` ) (` ` ) 기초자본 96,607 99,659 98,472 자본의변동 (3,131) (3,052) 1,187 기말자본 93,476 96,607 99,659 2) 요약연결자본변동표 [ 금액 : 백만원 ] 제 31 기 제 30 기 제 29 기 항 목 (` ` ) (` ` ) (` ` ) 기초자본 121, , ,297 자본의변동 3,725 8,455 7,902 기말자본 125, , , 현금흐름 1) 요약현금흐름표 [ 금액 : 백만원 ] 제 31 기 제 30 기 제 29 기 항 목 (` ` ) (` ` ) (` ` ) 영업활동으로인한현금흐름 3,715 (70) 2, 당기순이익 ,388 투자활동으로인한현금흐름 (96) 3,024 (68) 재무활동으로인한현금흐름 (3,457) (3,242) (3,242) 현금의증가 159 (288) (335) 기초현금 기말현금

13 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1 5 2) 요약연결현금흐름표 [ 금액 : 백만원 ] 제 31 기 제 30 기 제 29 기 항 목 (` ` ) (` ` ) (` ` ) 영업활동으로인한현금흐름 6,699 6,981 (15,559) 1. 당기순이익 9,537 12,426 12,285 투자활동으로인한현금흐름 11,318 6,762 (8,593) 재무활동으로인한현금흐름 (2,633) (2,680) (2,022) 현금의증가 15,384 11,063 (26,173) 기초현금 30,578 19,846 46,958 기말현금 46,394 30,578 19,846 Ⅴ. 회사가대처할과제 본보고사항은 주주여러분께드리는말씀 에포함, 기재되어있습니다.

14 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1 6 Ⅵ. 이사와감사의현황 [2014 년 12 월 31 일현재 ] 성명 직위 담당업무또는주된업무 회사와의거래관계 김종립 사장 대표이사 없음 김생규 상무 사내이사 없음 김영민 이사 기타비상무이사 없음 로빈스승훈 이사 기타비상무이사 없음 조인수 사외이사 사외이사 없음 이경태 사외이사 사외이사 없음 Ⅶ. 대주주현황 [2014 년 12 월 31 일현재 ] 주주성명 소유주식수 소유비율 회사와의거래관계 ( 주 ) 엘지 5,798, % 없음 Cavendish Square Holding B.V. 4,961, % 없음 국민연금 1,000, % 없음 황순태 634, % 없음 신영자산운용 619, % 없음

15 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1 7 Ⅷ. 회사 회사및자회사또는회사의자회사의타회사에대한출자현황 [2014 년 12 월 31 일현재 ] [ 단위 : 주 ] 타회사명칭 투자및출자회사다른회사에출자한당사에출자한타회사의 ( 당사또는자회사 ) 소유주식수소유비율소유주식수소유비율 ( 주 ) 에이치에스애드 ( 주 ) 지투알 5,306, % - - ( 주 ) 엘베스트 ( 주 ) 지투알 32, % - - GIIR America ( 주 ) 지투알 % - - GIIR India ( 주 ) 지투알 7,901, % - - GIIR UK ( 주 ) 지투알 642, % - - GIIR Rus LLC ( 주 ) 지투알 % - - GIIR Do Brazil ( 주 ) 지투알 % - - Yuan Zhi Meng ( 주 ) 지투알 % - - GIIR Thailand ( 주 ) 지투알 260, % - - GIIR Germany ( 주 ) 지투알 % - - GIIR Ukraine ( 주 ) 지투알 % - - HS Ad MEA FZ-LLC 에이치에스애드 % - - HS Ad Latin America S.A 에이치에스애드 % - - 우리투자증권 ( 주 ) ( 주 ) 지투알 148, % - - Ⅸ. 주요채권자등 해당사항없음 Ⅹ. 결산기후에생긴중요한사실 해당사항없음 ⅩⅠ. 그밖에영업에관한사항으로서중요하다고인정하는사항 해당사항없음

16 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 18 감사보고서 감사위원회의감사보고서감사위원회의내부회계관리제도평가보고서외부감사인의감사보고서외부감사인의연결감사보고서

17 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1 9 감사위원회의감사보고서 본감사위원회는제 31 기사업연도 (2014 년 1 월 1 일부터 2014 년 12 월 31 일까지 ) 의회계및업무에관한감사를실시하고 그결과를다음과같이보고합니다. 1. 감사방법의개요회계감사를위하여회계에관한장부와관계서류를열람하고재무제표및동부속명세서를검토하였으며필요하다고인정되는경우대조, 실사, 입회, 조회, 기타적절한감사절차를적용하였습니다. 업무감사를위하여이사회및기타중요한회의에출석하고필요하다고인정되는경우이사로부터영업에관한보고를받았으며, 중요한업무에관한서류를열람하고그내용을검토하는등적절한방법을사용하였습니다. 2. 재무제표에관한사항 재무제표는법령및정관에따라회사의재무상태, 경영성과, 이익잉여금의변동, 자본의변동및현금흐름의내용을 적정하게표시하고있습니다. 3. 영업보고서에관한사항 영업보고서는법령및정관에따라회사의상황을정확하게표시하고있습니다 년 2 월 16 일 주식회사지투알감사위원회 감사위원장이경태 감사위원조인수 감사위원로빈스승훈

18 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 2 0 감사위원회의내부회계관리제도평가보고서 주식회사지투알주주및이사회귀중 본감사위원회는 2014 년 12 월 31 일현재동일자로종료하는회계연도에대한당사의내부회계관리제도의설계및 운영실태를평가하였습니다. 내부회계관리제도의설계및운영에대한책임은내부회계관리자를포함한회사의경영진에있습니다. 본감사위원회는내부회계관리자가본감사위원회에게제출한내부회계관리제도운영실태평가보고서를참고로, 회사의내부회계관리제도가신뢰할수있는재무제표의작성및공시를위하여재무제표의왜곡을초래할수있는오류나부정행위를예방하고적발할수있도록효과적으로설계및운영되고있는지의여부에대하여평가하였습니다. 본감사위원회는내부회계관리제도의설계및운영실태를평가함에있어내부회계관리제도모범규준을평가기준으로사용하였습니다. 본감사위원회의내부회계관리제도운영실태평가결과, 2014 년 12 월 31 일현재당사의내부회계관리제도는내부회계 관리제도모범규준에근거하여볼때, 중요성의관점에서효과적으로설계되어운영되고있다고판단됩니다 년 2 월 16 일 주식회사지투알감사위원회 감사위원장이경태 감사위원조인수 감사위원로빈스승훈

19 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 2 1 외부감사인의감사보고서 본감사인은첨부된주식회사지투알의 2014 년 12월 31일과 2013 년 12월 31일현재의재무상태표와 2014 년 12월 31일과 2013 년 12월 31일로종료되는양회계연도의손익계산서, 포괄손익계산서, 자본변동표및현금흐름표를감사하였습니다. 이재무제표를작성할책임은회사경영자에게있으며본감사인의책임은동재무제표에대하여감사를실시하고이를근거로이재무제표에대하여의견을표명하는데있습니다. 본감사인은한국의회계감사기준에따라감사를실시하였습니다. 이기준은본감사인이재무제표가중요하게왜곡표시되지아니하였다는것을합리적으로확신하도록감사를계획하고실시할것을요구하고있습니다. 감사는재무제표상의금액과공시내용을뒷받침하는감사증거에대하여시사의방법을적용하여검증하는것을포함하고있습니다. 또한감사는재무제표의전반적인표시내용에대한평가뿐만아니라재무제표작성을위해경영자가적용한회계원칙과유의적회계추정에대한평가를포함하고있습니다. 본감사인이실시한감사가감사의견표명을위한합리적인근거를제공하고있다고본감사인은믿습니다. 본감사인의의견으로는상기재무제표는주식회사지투알의 2014 년 12 월 31 일과 2013 년 12 월 31 일현재의재무상태와 2014 년 12 월 31 일과 2013 년 12 월 31 일로종료되는양회계연도의재무성과및현금흐름의내용을한국채택국제회계 기준에따라중요성의관점에서적정하게표시하고있습니다. 감사의견에영향을미치지않는사항으로서재무제표에대한주석 32 에서설명하고있는바와같이회사는당기중특수 관계자와의거래가발생하였으며, 당기말현재관련채권, 채무가존재하고있습니다 년 2 월 26 일 삼정회계법인대표이사 김교태 이감사보고서는감사보고서일 (2015 년 2 월 26 일 ) 현재로유효한것입니다. 따라서감사보고서일이후이보고서를열람하는시점까지의기간사이에첨부된회사의재무제표에중대한영향을미칠수있는사건이나상황이발생할수도있으며이로인하여이감사보고서가수정될수도있습니다.

20 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 2 2 외부감사인의연결감사보고서 본감사인은첨부된주식회사지투알과그종속기업의 2014 년 12월 31일과 2013 년 12월 31일현재의연결재무상태표와 2014 년 12월 31일과 2013 년 12월 31일로종료되는양회계연도의연결손익계산서, 연결포괄손익계산서, 연결자본변동표및연결현금흐름표를감사하였습니다. 이연결재무제표를작성할책임은회사경영자에게있으며본감사인의책임은동연결재무제표에대하여감사를실시하고이를근거로이연결재무제표에대하여의견을표명하는데있습니다. 본감사인은한국의회계감사기준에따라감사를실시하였습니다. 이기준은본감사인이연결재무제표가중요하게왜곡표시되지아니하였다는것을합리적으로확신하도록감사를계획하고실시할것을요구하고있습니다. 감사는연결재무제표상의금액과공시내용을뒷받침하는감사증거에대하여시사의방법을적용하여검증하는것을포함하고있습니다. 또한감사는연결재무제표의전반적인표시내용에대한평가뿐만아니라연결재무제표작성을위해경영자가적용한회계원칙과유의적회계추정에대한평가를포함하고있습니다. 본감사인이실시한감사가감사의견표명을위한합리적인근거를제공하고있다고본감사인은믿습니다. 본감사인의의견으로는상기연결재무제표는주식회사지투알과그종속기업의 2014 년 12 월 31 일과 2013 년 12 월 31 일 현재의재무상태와 2014 년 12 월 31 일과 2013 년 12 월 31 일로종료되는양회계연도의재무성과및현금흐름의내용을 한국채택국제회계기준에따라중요성의관점에서적정하게표시하고있습니다. 감사의견에영향을미치지않는사항으로서재무제표에대한주석 36 에서설명하고있는바와같이회사는당기중특수 관계자와의거래가발생하였으며, 당기말현재관련채권, 채무가존재하고있습니다 년 2 월 26 일 삼정회계법인대표이사 김교태 이감사보고서는감사보고서일 (2015 년 2 월 26 일 ) 현재로유효한것입니다. 따라서감사보고서일이후이보고서를열람하는시점까지의기간사이에첨부된회사의연결재무제표에중대한영향을미칠수있는사건이나상황이발생할수도있으며이로인하여이감사보고서가수정될수도있습니다.

21 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 23 결산보고서 재무상태표손익계산서포괄손익계산서자본변동표이익잉여금처분계산서 ( 안 ) 현금흐름표재무제표에대한주석 ( 별지참조 ) 연결재무상태표연결손익계산서연결포괄손익계산서연결자본변동표연결현금흐름표연결재무제표에대한주석 ( 별지참조 )

22 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 24 재무상태표 제 31 기 2014 년 12 월 31 일현재제 30 기 2013 년 12 월 31 일현재 주식회사지투알 [ 단위 : 원 ] 과목 제 31기 제 30기 자산 Ⅰ 유동자산 48,412,841,036 50,463,092, 현금및현금성자산 297,973, ,836, 당기손익인식금융자산 10,900,000, 대여금및수취채권 37,027,539,436 49,759,929,566 금융기관예치금 33,500,000,000 45,000,000,000 매출채권 481,825,040 ( 매출채권대손충당금 ) 0 481,825,040 미수금 2,740,634,172 4,390,961,745 ( 미수금대손충당금 ) 0 2,740,634, ,390,961,745 미수수익 305,080, ,967, 기타유동자산 187,328, ,326,459 선급금 20,000 88,009,658 선급비용 187,308, ,682,961 선급법인세 0 292,633,840 Ⅱ 비유동자산 49,014,263,813 48,482,330, 매도가능금융자산 1,521,346,000 1,423,386, 장기대여금및수취채권 195,286, ,286,000 장기기금융기관예치금 2,500,000 2,500,000 보증금 192,786, ,786,000 ( 보증금현재가치할인차금 ) 0 192,786, ,786, 유형자산 1,196,511,346 1,166,408,962 공기구비품 6,010,371,908 5,479,320,999 ( 감가상각누계액 ) (4,863,763,562) 1,146,608,346 (4,362,815,037) 1,116,505,962 기타의유형자산 49,903,000 49,903, 무형자산 1,963,697,735 1,902,991,141 기타의무형자산 4,724,656,050 4,434,656,050 기타의투자자산 409,151, ,151,700 건설중인자산 445,440, 이연법인세자산 1,476,845,450 1,309,564, 기타비유동자산 42,660,577,282 42,484,693,887 종속기업주식 42,611,703,233 42,396,063,233 장기선급비용 48,874,049 88,630, 매각예정자산자산총계 97,427,104,849 98,945,422,709

23 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 2 5 재무상태표 - 계속 [ 단위 : 원 ] 과목 제 31기 제 30기 부채 Ⅰ 유동부채 2,739,098,188 1,593,581, 매입채무및기타채무 2,580,977,851 1,485,126,767 매입채무 7,150,000 미지급금 1,367,836, ,291,996 미지급비용 1,099,633, ,484,380 금융보증계약부채 106,358, ,350, 기타유동부채 158,120, ,454,451 미지급법인세 34,947,913 0 예수금 123,172, ,454,451 Ⅱ 비유동부채 1,211,984, ,798, 장기매입채무및기타채무 48,874,049 88,630,654 장기금융보증계약부채 48,874,049 88,630, 확정급여채무 1,120,931, ,529,469 퇴직급여채무 3,046,713,726 2,472,493,749 국민연금전환금 (3,312,800) (3,312,800) 퇴직연금예치금 (2,155,099,043) 888,301,883 (1,997,794,751) 471,386,198 기타장기종업원급여부채 232,629, ,143, 이연법인세부채 기타비유동부채 42,179,491 41,638,195 부채총계 3,951,083,006 2,338,379,536 자본 Ⅰ 자본금 17,571,493,000 17,571,493, 보통주자본금 17,571,493,000 17,571,493,000 Ⅱ 자본잉여금 54,582,336,025 54,582,336, 주식발행초과금 54,456,388,669 54,456,388, 기타의자본잉여금 125,947, ,947,356 Ⅲ 이익잉여금 26,816,049,218 30,023,479, 법정적립금 14,085,746,500 13,811,005, 임의적립금 9,612,756,852 9,612,756, 미처분이익잉여금 3,875,092,455 7,064,079, 보험수리적손익 (757,546,589) (464,363,007) Ⅳ 기타포괄손익누계액 (40,519,752) (116,928,427) 1. 매도가능증권평가이익 50,612, 매도가능금융자산평가손실 (91,132,336) (116,928,427) Ⅴ 기타자본 (5,453,336,648) (5,453,336,648) 1. 자기주식 (7,090,680,480) (7,090,680,480) 2. 주식선택권 1,637,343,832 1,637,343,832 자본총계 93,476,021,843 96,607,043,173 부채및자본총계 97,427,104,849 98,945,422,709

24 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 26 손익계산서 제 31 기 2014 년 1 월 1 일부터 2014 년 12 월 31 일까지제 30 기 2013 년 1 월 1 일부터 2013 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 제 31기 제 30기 Ⅰ 영업수익 11,291,174,561 10,057,373, 배당금수익 경영관리용역수익 10,694,186,591 10,006,146, 임대수익 기타수익 596,987,970 51,227,272 Ⅱ 영업비용 12,042,407,357 11,604,565, 급여및상여 5,513,508,388 5,652,594, 퇴직급여 602,545, ,211, 복리후생비 892,062, ,910, 접대비 126,083, ,264, 감가상각비 523,353, ,047, 무형자산상각비 674,733, ,494, 세금과공과 33,882,498 35,987, 광고선전비 7,120,000 3,300, 연구조사비 0 718, 지급수수료 382,450, ,998, 교육훈련비 101,853,230 72,038, 보험료 3,725,300 3,442, 해외시장개척비 수도광열비 271,476, ,043, 여비교통비 204,991, ,928, 통신비 73,780,337 76,729, 소모품비 39,127,776 41,733, 도서구입비 117,284, ,795, 수선비 61,185,528 79,383, 차량유지비 116,075, ,460, 임차료 443,937, ,759, 대손상각비 대손충당금환입액 0 (227,243,980) 24. 기타원가 24,100,000 18,890, 복구충당부채전입액 541, , 복구충당부채환입액 기타의판매비와관리비 1,828,589,208 1,683,655,586 Ⅲ 영업이익 (751,232,796) (1,547,191,142) Ⅳ 기타수익 99,740,949 9,482, 외환차익 3,653,404 12, 외화환산이익 27,538, 유형자산처분이익 520, , 무형자산처분이익 0 0

25 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 2 7 손익계산서 - 계속 [ 단위 : 원 ] 과목 제 31기 제 30기 5. 잡이익 68,028,219 9,126, 종속기업주식처분이익 기타의대손충당금환입 기타영업외수익 0 0 Ⅴ 금융수익 1,132,196,814 1,532,696, 이자수익 1,124,674,833 1,517,854, 외화환산이익 -영업외 100, 외환차익 -영업외 주식배당금수익 7,421,200 14,842,400 Ⅵ 기타비용 58,216,394 3,968, 외환차손 8,007,572 6, 외화환산손실 10,170,000 2,566, 유형자산처분손실 투자자산감액손실 5. 종속기업주식처분손실 기타의대손상각비 잡손실 40,038,822 1,395, 투자자산감액손실 0 0 Ⅶ 금융비용 0 373, 외환차손 -영업외 0 236, 외화환산손실 0 136, 매도가능증권감액손실 Ⅷ 법인세비용차감전순이익 422,488,573 (9,353,423) Ⅸ 법인세비용 95,206,196 (552,573,993) Ⅹ 당기순이익 327,282, ,220,570

26 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 28 포괄손익계산서 제 31 기 2014 년 1 월 1 일부터 2014 년 12 월 31 일까지제 30 기 2013 년 1 월 1 일부터 2013 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목제 31 기제 30 기 Ⅰ 당기순이익 327,282, ,220,570 Ⅱ 기타포괄이익 ( 손실 ) (216,774,907) (353,174,369) 후속적으로당기손익으로재분류되는포괄손익 매도가능금융자산평가손익 76,408,675 (261,641,827) 후속적으로당기손익으로재분류되지않는포괄손익확정급여제도의재측정요소 (293,183,582) (91,532,542) Ⅲ 총포괄이익 110,507, ,046,201 자본변동표 제 31 기 2014 년 1 월 1 일부터 2014 년 12 월 31 일까지제 30 기 2013 년 1 월 1 일부터 2013 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 구분 자본금 자본잉여금 이익잉여금 기타포괄손익누계액 기타자본 합계 ( 전기초 ) 17,571,493,000 54,582,336,025 32,813,319, ,713,400 (5,453,336,648) 99,658,525,772 총포괄손익당기순이익 543,220, ,220,570 매도가능금융자산평가손익 (261,641,827) (261,641,827) 보험수리적손익 (91,532,542) (91,532,542) 자본에직접반영된주주와의거래배당금지급 (3,241,528,800) (3,241,528,800) ( 전기말 ) 17,571,493,000 54,582,336,025 30,023,479,223 (116,928,427) (5,453,336,648) 96,607,043, ( 당기초 ) 17,571,493,000 54,582,336,025 30,023,479,223 (116,928,427) (5,453,336,648) 96,607,043,173 총포괄손익당기순이익 327,282, ,282,377 매도가능금융자산평가손익 76,408,675 76,408,675 보험수리적손익 (293,183,582) (293,183,582) 자본에직접반영된주주와의거래배당금지급 (3,241,528,800) (3,241,528,800) ( 당기말 ) 17,571,493,000 54,582,336,025 26,816,049,218 (40,519,752) (5,453,336,648) 93,476,021,843

27 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 29 이익잉여금처분계산서 ( 안 ) 제 31 기 2014 년 1 월 1 일 ~12 월 31 일까지처분예정일 2015 년 3 월 13 일제 30 기 2013 년 1 월 1 일 ~12 월 31 일까지처분확정일 2014 년 3 월 14 일 주식회사지투알 [ 단위 : 원 ] 과목 제 31기 제 30기 Ⅰ 미처분이익잉여금 3,317,545,866 6,599,716,878 전기이월미처분이익잉여금 3,083,447,071 6,148,028,850 보험수리적손익 (293,183,582) (91,532,542) 당기순이익 327,282, ,220,570 임의적립금환입액 200,000,000 Ⅱ 이익잉여금처분액 3,241,528,800 3,516,269,807 이익준비금 0 274,741,007 배당금가. 현금배당 3,241,528,800 3,241,528,800 주당배당금 : 당기 : 200 원 (20%) 전기 : 200 원 (20%) Ⅲ 차기이월미처분이익잉여금 76,017,066 3,083,447,071

28 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 30 현금흐름표 제 31 기 2014 년 1 월 1 일부터 2014 년 12 월 31 일까지제 30 기 2013 년 1 월 1 일부터 2013 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 제 31기 제 30기 Ⅰ 영업활동현금흐름 3,712,457,549 (70,319,707) 1. 영업에서창출된현금 2,390,238,039 (2,007,844,649) (1)` 당기순이익 327,282, ,220,570 (2)` 조정 746,293,822 (745,979,996) 법인세비용 95,206,196 (552,573,993) 퇴직급여 602,545, ,211,134 감가상각비 523,353, ,047,351 외화환산손실 10,170,000 2,703,315 무형자산상각비 674,733, ,494,286 대손충당금환입 0 (227,243,980) 복구충당부채전입액 ( 환입액 ) 541, ,549 외화환산이익 (27,639,651) 0 이자수익 (1,124,674,833) (1,517,854,255) 배당금수익 (7,421,200) (14,842,400) 유형자산처분이익 (520,456) (344,003) (3)` 자산및부채의증감 1,316,661,840 (1,805,085,223) 매출채권의감소 ( 증가 ) (472,837,970) 0 미수금의감소 ( 증가 ) 1,647,834,738 (772,120,542) 기타유동자산의감소 ( 증가 ) 85,372,096 14,711,149 매입채무의감소 ( 증가 ) 15,531,800 미지급금의증가 ( 감소 ) 101,914,166 (672,508,186) 미지급비용의증가 ( 감소 ) 396,149, ,394,745 기타유동부채의증가 ( 감소 ) 14,717,973 (47,461,941) 퇴직금의지급 (373,160,600) (103,525,764) 관계사전입 ( 전출 ) 액 13,526,197 (56,323,804) 퇴직연금운용자산의감소 ( 증가 ) (201,871,838) (351,844,960) 기타비유동부채의증가 ( 감소 ) 89,486,124 50,594, 이자의수취 1,188,562,430 2,090,254, 배당금의수취 7,421,200 14,842,400 Ⅱ 투자활동현금흐름 (96,252,618) 3,023,595, 투자활동으로인한현금유입액 57,003,028,291 76,229,093,983 금융기관예치금의감소 57,000,000,000 76,000,000,000 장기대여금의회수장기보증금의감소 0 1,500,000 매각예정자산의처분 2,492, ,243,980 유형자산의처분 535, ,003

29 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 3 1 현금흐름표 - 계속 [ 단위 : 원 ] 과목 제 31기 제 30기 2. 투자활동으로인한현금유출액 (57,099,280,909) (73,205,498,806) 당기손익인식금융자산의증가 ( 감소 ) 10,900,000,000 금융기관예치금의증가 45,500,000,000 72,000,000,000 유형자산의취득 344,120, ,749,181 무형자산의취득 355,160, ,749,625 Ⅲ 재무활동현금흐름 (3,457,168,800) (3,241,528,800) 1. 재무활동으로인한현금유입액 재무활동으로인한현금유출액 (3,457,168,800) (3,241,528,800) 배당금의지급 3,241,528,800 3,241,528,800 종속기업주식의취득 215,640,000 Ⅳ 현금의증가 ( 감소 )(Ⅰ+Ⅱ+Ⅲ) 159,036,131 (288,253,330) Ⅴ 기초의현금 138,836, ,226,548 Ⅵ 외화표시현금의환율변동효과 100,781 (136,817) Ⅶ 기말의현금 297,973, ,836,401

30 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 32 연결재무상태표 제 31 기 2014 년 12 월 31 일현재제 30 기 2013 년 12 월 31 일현재 주식회사지투알과그종속기업 [ 단위 : 원 ] 과목 제 31기 제 30기 자산 Ⅰ 유동자산 372,947,467, ,408,493,505 (1) 현금및현금성자산 47,262,649,842 40,224,245,692 (2) 당기손익인식금융자산 18,655,477 20,221,667 (3) 만기보유금융자산 499,300, ,990,000 (4) 대여금및수취채권 304,288,311, ,499,333, 금융기관예치금 34,500,000,000 49,095,000, 매출채권 269,383,162, ,094,872,184 대손충당금 (4,480,535) 269,378,682,240 (170,399,977) 277,924,472, 미수금 33,549,902 28,913,690 대손충당금 0 33,549,902 (9,680,000) 19,233, 미수수익 376,079, ,627,790 (5) 기타유동자산 20,878,550,401 17,371,702, 선급금 5,123,209,930 6,543,131,094 대손충당금 0 5,123,209, ,543,131, 선급비용 979,576, ,061, 선급법인세 874,079, ,016, 매입부가세 2,880,119,241 2,052,873, 미청구공사 11,021,565,794 7,101,619,760 Ⅱ 비유동자산 25,488,890,624 23,116,671,840 (1) 매도가능금융자산 1,925,965,421 1,777,336,841 (2) 만기보유금융자산 506,560, ,790,000 (3) 장기대여금및장기수취채권 3,711,339,109 3,290,642, 장기금융기관예치금 38,230,890 18,500, 장기대여금 50,000,000 50,000,000 대손충당금 0 50,000, ,000, 보증금 3,644,040,224 3,263,026,368 현재가치할인차금 (20,932,005) 3,623,108,219 (40,883,883) 3,222,142,485 (4) 유형자산 3,480,332,739 3,476,966, 공기구비품 14,619,706,354 13,135,352,333 감가상각누계액 (11,410,126,596) 3,209,579,758 (9,897,781,776) 3,237,570, 차량운반구 168,027, ,036,226 감가상각누계액 (98,438,305) 69,588,767 (66,832,060) 44,204, 기타의유형자산 201,164, ,191,822 (5) 무형자산 11,797,475,004 11,530,954, 소프트웨어 1,568,363,471 1,655,932,890

31 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 3 3 연결재무상태표 - 계속 [ 단위 : 원 ] 과목 제 31기 제 30기 2. 영업권 6,297,381,731 6,297,381, 회원권 3,486,289,802 3,486,289, 건설중인무형자산 445,440,000 91,350,000 (6) 기타비유동자산 4,067,218,351 2,368,981, 이연법인세자산 4,067,218,351 2,368,981,546 자산총계 398,436,358, ,525,165,345 부채 Ⅰ 유동부채 264,364,372, ,708,027,915 (1) 당기손익인식금융부채 10,201,337 35,468,832 (2) 매입채무및기타채무 226,566,208, ,496,390, 단기차입금 3,825,938,195 12,672,607, 단기차입금 ( 채권유동화관련 ) 유동성장기차입금 매입채무 208,682,807, ,754,378, 미지급금 5,591,655,330 5,507,388, 미지급비용 8,465,808,070 5,562,016,118 (3) 기타유동부채 37,787,962,322 40,176,168, 초과청구공사 23,832,992,350 26,575,960, 미지급법인세 3,334,396,368 3,268,690, 예수금 7,066,181,647 5,860,999, 예수부가가치세 3,554,391,957 4,470,518,981 Ⅱ 비유동부채 8,692,926,115 4,163,086,383 (1) 당기손익인식금융부채 0 0 (2) 매입채무및기타재무 114,058,337 77,841, 장기차입금 10,000, 예수보증금 104,058,337 77,841,125 (3) 확정급여채무 8,099,240,865 3,611,773, 퇴직급여채무 22,207,063,162 16,962,926, 국민연금전환금 (33,075,500) (36,261,500) 3. 퇴직보험예치금 (15,314,842,000) 6,859,145,662 (14,066,048,157) 2,860,616, 기타장기종업원급여부채 1,240,095, ,156,969 (4) 기타비유동부채 479,626, ,471, 이연법인세부채 복구충당부채 479,626, ,471,777 부채총계 273,057,298, ,871,114,298

32 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 3 4 연결재무상태표 - 계속 [ 단위 : 원 ] 과목 제 31기 제 30기 자본 Ⅰ 자본금 17,571,493,000 17,571,493, 보통주자본금 17,571,493,000 17,571,493,000 II 자본잉여금 55,024,455,374 54,582,336, 주식발행초과금 54,456,388,669 54,456,388, 기타의자본잉여금 568,066, ,947,356 III 이익잉여금 62,329,639,054 58,511,007, 법정적립금 14,085,746,500 13,811,005, 임의적립금 9,612,756,852 9,612,756, 전기이월이익잉여금 44,214,454,124 38,059,934, 보험수리적손익 (5,583,318,422) (2,972,689,174) Ⅳ기타포괄손익누계액 (336,739,798) (545,675,256) 1. 매도가능금융자산평가손실 (91,132,336) (116,928,427) 2. 매도가능금융자산평가이익 50,612, 해외사업환산손익 (296,220,046) (428,746,829) V 기타자본항목 (9,209,787,846) (9,209,787,846) 1. 자기주식 (7,090,680,480) (7,090,680,480) 2. 주식선택권 1,637,343,832 1,637,343, 기타자본 (3,756,451,198) (3,756,451,198) 지배주주지분 125,379,059, ,909,373,907 비지배주주지분 0 744,677,140 자본총계 125,379,059, ,654,051,047 부채및자본총계 398,436,358, ,525,165,345

33 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 35 연결손익계산서 제 31 기 2014 년 1 월 1 일부터 12 월 31 일까지제 30 기 2013 년 1 월 1 일부터 12 월 31 일까지 주식회사지투알과그종속기업 [ 단위 : 원 ] 과목 제 31기 제 30기 Ⅰ 매출액 385,598,132, ,083,884, 제작매출액 310,276,001, ,725,466, 수입광고대행료 61,921,650,433 65,351,557, 기타매출액 13,400,480,941 11,006,860,293 Ⅱ 매출원가 266,008,469, ,973,693, 제작원가 253,641,103, ,952,972, 기타원가 12,367,366,132 10,020,721,430 Ⅲ 매출총이익 119,589,662, ,110,190,737 Ⅳ 판매비와관리비 106,750,319,424 97,976,253, 급여및상여 62,536,813,444 56,095,903, 퇴직급여 3,763,646,322 3,544,646, 복리후생비 11,180,920,026 10,010,656, 접대비 1,888,143,812 1,862,359, 감가상각비 1,763,056,559 1,625,419, 무형자산상각비 810,173, ,349, 세금과공과 481,055, ,636, 광고선전비 680,704, ,273, 연구조사비 4,457,820,600 4,514,304, 지급수수료 2,886,485,284 2,866,801, 교육훈련비 1,018,191, ,137, 보험료 31,493,324 31,403, 해외시장개척비 수도광열비 1,751,049,026 1,680,898, 여비교통비 2,408,005,897 1,911,158, 통신비 862,701, ,003, 소모품비 535,079, ,915, 도서구입비 225,412, ,716, 수선비 319,984, ,598, 차량유지비 981,192,233 1,059,541, 임차료 5,976,486,820 5,823,510, 대손상각 11,890, 대손충당금환입 기타의판매비와관리비 2,173,857,006 2,079,139, 복구충당부채전입액 6,155,136 46,139, 복구충당부채환입액 0 (18,261,551) Ⅴ 영업이익 12,839,343,427 16,133,937,515 Ⅵ 기타수익 6,650,280,268 3,595,581, 외환차익 2,891,506,220 2,276,087, 외화환산이익 3,209,803, ,035, 유형자산처분이익 3,182, , 무형자산처분이익 0 0

34 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 3 6 연결손익계산서 - 계속 [ 단위 : 원 ] 과목 제 31기 제 30기 5. 기타비금융자산처분이익 0 6. 잡이익 545,788, ,574, 종속기업주식처분이익 0 8. 기타영업외수익 0 Ⅶ 금융수익 2,766,209,624 2,781,806, 이자수익 1,521,726,533 1,920,947, 외화환산이익 713,139, ,166, 외환차익 -영업외 7,971, , 배당금수익 7,421,200 14,842, 매매목적파생상품처분이익 497,294, ,727, 매매목적파생상품평가이익 18,655,477 20,221,667 Ⅷ 기타비용 7,075,852,078 4,698,899, 외환차손 3,801,901,191 2,445,514, 외화환산손실 2,918,425, ,425, 유형자산손상차손유형자산처분손실 3,973,288 87,598, 무형자산손상차손 0 무형자산처분손실 22,000, 기타의대손상각비 2,291, 잡손실 304,710,073 1,165,360, 투자자산감액손실 0 8. 기부금 22,550,522 55,000, 기타영업외비용 (68) Ⅸ 금융비용 1,940,999,153 1,319,810, 이자비용 813,236, ,711, 매도가능금융자산손상차손 246,486, 외화환산손실 175,572, ,484, 외환차손 -영업외 2,445,502 11,256, 매매목적파생상품처분손실 939,544, ,403, 매매목적파생상품평가손실 10,201,337 35,468, 만기보유금융자산처분손실 0 Ⅹ 법인세비용차감전순이익 13,238,982,088 16,492,614,667 Ⅺ 법인세비용 3,701,527,831 4,122,428,634 XII 계속영업이익 9,537,454,257 12,370,186,033 XIII 중단영업이익 55,421,428 XIV당기순이익 9,537,454,257 12,425,607,461 XV 당기순이익의귀속지배지분순이익 9,670,789,118 11,960,613,935 비지배지분순이익 (133,334,861) 464,993,526

35 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 37 연결포괄손익계산서 제 31 기 2014 년 1 월 1 일부터 12 월 31 일까지제 30 기 2013 년 1 월 1 일부터 12 월 31 일까지 주식회사지투알과그종속기업 [ 단위 : 원 ] 과목 제 31기 제 30기 Ⅰ 당기순이익 9,537,454,257 12,425,607,461 Ⅱ 기타포괄이익 ( 손실 ) (2,355,276,720) (728,614,727) 매도가능금융자산평가손익 76,408,675 (261,641,827) 해외사업환산손익 178,943,853 (185,372,701) 보험수리적손익 (2,610,629,248) (281,600,199) Ⅲ 총포괄손익 7,182,177,537 11,696,992,734 Ⅳ 총포괄손익의귀속지배지분순이익 7,320,625,033 11,238,618,177 비지배지분순이익 (138,447,496) 458,374,557

36 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 38 연결자본변동표 제 31 기 2014 년 1 월 1 일부터 2014 년 12 월 31 일까지제 30 기 2013 년 1 월 1 일부터 2013 년 12 월 31 일까지 주식회사지투알과그종속기업 [ 단위 : 원 ] 과목자본금연결자본잉여금연결이익잉여금 ( 제30 기기초 ) 총포괄손익 연결기타 포괄손익누계액 연결기타 자본항목 비지배지분 자본총계 17,571,493,000 54,582,336,025 50,073,523,048 (105,279,697) (9,209,787,846) 286,302, ,198,587,113 당기순이익 ( 손실 ) ,960,613, ,993,526 12,425,607,461 매도가능금융자산평가손익 (261,641,827) 0 0 (261,641,827) 보험수리적손익 0 0 (281,600,199) (281,600,199) 해외사업환산손익 (178,753,732) 0 (6,618,969) (185,372,701) 자본에직접반영된주주와의거래배당금지급 0 0 (3,241,528,800) (3,241,528,800) 비지배지분의기타자본항목대체 0 비지배주주와의자본거래손실 0 연결범위변동 ( 제30 기말 ) 17,571,493,000 54,582,336,025 58,511,007,984 (545,675,256) (9,209,787,846) 744,677, ,654,051, ( 제31 기초 ) 17,571,493,000 54,582,336,025 58,511,007,984 (545,675,256) (9,209,787,846) 744,677, ,654,051,047 총포괄손익 당기순이익 ( 손실 ) 0 0 9,670,789, (133,334,861) 9,537,454,257 매도가능금융자산평가손익 ,408, ,408,675 보험수리적손익 0 0 (2,610,629,248) (2,610,629,248) 해외사업환산손익 ,056,488 0 (5,112,635) 178,943,853 자본에직접반영된주주와의거래배당금지급 0 0 (3,241,528,800) (3,241,528,800) 비지배지분의기타자본항목대체비지배주주와의자본거래손실 442,119,349 (51,529,705) (606,229,644) (215,640,000) 연결범위변동 ( 제31 기말 ) 17,571,493,000 55,024,455,374 62,329,639,054 (336,739,798) (9,209,787,846) 0 125,379,059,784

37 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 39 연결현금흐름표 제 31 기 2014 년 1 월 1 일부터 2014 년 12 월 31 일까지제 30 기 2013 년 1 월 1 일부터 2013 년 12 월 31 일까지 주식회사지투알과그종속기업 [ 단위 : 원 ] 과목 제 31기 제 30기 Ⅰ 영업활동현금흐름 6,660,616,055 6,981,062, 영업에서창출된현금 10,616,003,335 8,184,218,105 (1) 당기순이익 9,537,454,257 12,425,607,461 (2) 조정 8,970,470,089 8,816,387,811 법인세비용 3,701,527,831 4,122,428,634 퇴직급여 3,763,646,322 3,544,646,461 감가상각비 1,763,056,559 1,625,419,605 무형자산상각비 810,173, ,349,973 대손상각비 ( 환입 ) 11,890,887 (5,000,000) 기타의대손상각비 2,291,058 0 유형자산처분이익 (3,182,248) (884,081) 무형자산처분손실 22,000, ,000 유형자산처분손실 3,973,288 87,048,834 종속기업주식처분이익 0 (8,485,090) 복구충당부채전입 ( 환입 ) 액 6,155,136 27,877,729 외화환산이익 (3,922,943,582) (1,208,202,581) 외화환산손실 3,093,997,962 1,307,909,457 파생상품평가손실 10,201,337 35,468,832 파생상품거래손실 939,544, ,403,683 파생상품거래이익 (497,294,870) (487,727,575) 파생상품평가이익 (18,655,477) (20,221,667) 매도가능금융자산손상차손 0 246,486,449 이자비용 813,236, ,711,200 배당금수익 (7,421,200) (14,842,400) 이자수익 (1,521,726,533) (1,922,549,652) (3) 자산및부채의증감 (7,891,921,011) (13,057,777,167) 매출채권의감소 ( 증가 ) 7,068,006,544 (25,673,225,754) 미수금의감소 ( 증가 ) 815,345, ,575,095 미수수익의감소 ( 증가 ) 0 272,711,274 기타유동자산의감소 ( 증가 ) (5,554,359,456) (7,750,737,857) 매입채무의증가 ( 감소 ) (9,607,898,056) 8,847,218,486 미지급금의증가 ( 감소 ) (294,105,489) 1,562,396,260 미지급비용의증가 ( 감소 ) 2,897,144, ,590,401 기타유동부채의증가 ( 감소 ) (672,016,269) 13,303,512,383 기타비유동부채의증가 ( 감소 ) 568,108, ,245,876 퇴직금의지급 (2,309,277,301) (1,829,615,323) 관계사전입 ( 전출 ) 액 14,762,093 (452,984,475) 퇴직연금운용자산의감소 ( 증가 ) (817,631,054) (2,436,463,533)

38 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 4 0 연결현금흐름표 - 계속 [ 단위 : 원 ] 과목 제 31기 제 30기 2. 이자의수취 1,586,005,858 2,453,817, 이자의지급 (745,711,994) (472,772,176) 4. 법인세의지급 (4,803,102,344) (3,199,043,349) 5. 배당금의수취 7,421,200 14,842,400 Ⅱ 투자활동현금흐름 11,356,360,070 6,762,444, 투자활동으로인한현금유입액 70,059,085,327 85,365,286,665 금융기관예치금의감소 68,120,641,000 84,000,000,000 통화선도자산의감소 517,516, ,033,067 장기대여금의감소 0 731,900 장기보증금의감소 121,671, ,087,112 유형자산의처분 6,266,627 1,539,119 무형자산의처분 1,000,000,000 25,000,000 만기보유금융자산의처분 292,990,000 68,140,000 매각예정자산의감소 0 328,755, 투자활동으로인한현금유출액 (58,702,725,257) (78,602,842,420) 금융기관예치금의증가 53,545,172,447 76,095,000,000 통화선도부채의감소 975,013, ,529,823 당기손익인식금융자산의증가 0 0 장기보증금의증가 568,099,549 63,721,000 매도가능금융자산의취득 50,668,740 0 만기보유금융자산의취득 334,070, ,490,000 유형자산의취득 1,432,416,279 1,391,053,888 무형자산의취득 1,797,285, ,047,709 Ⅲ 재무활동현금흐름 (2,633,437,544) (2,680,424,879) 1. 재무활동으로인한현금유입액 14,837,569,321 1,614,190,743 단기차입금의증가 14,827,569,321 1,614,190,743 사채의발행 10,000, 재무활동으로인한현금유출액 (17,471,006,865) (4,294,615,622) 단기차입금의상환 14,013,838,065 1,053,086,822 종속기업주식의취득 215,640,000 0 배당금의지급 3,241,528,800 3,241,528,800 Ⅳ 현금의증가 ( 감소 )(Ⅰ+Ⅱ+Ⅲ) 15,383,538,581 11,063,082,106 Ⅴ 기초의현금 30,578,045,692 19,845,568,759 Ⅵ 외화표시현금의환율변동효과 432,365,569 (330,605,173) Ⅶ기말의현금 46,393,949,842 30,578,045,692

39 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 1. To Our Shareholders Business Report 1. General condition of the Company Progress and results of operation Parent company, subsidiary company and interlocking directorate of 48 the Company etc. 4. Operation results and financial condition for recent 3 years Assignment of the Company Present state of directors and auditor Present state of major shareholder Investment state for the Company and subsidiary company or subsidiary 55 company of the Company 9. Main creditor etc Important matters occurred after the accounting period Other matters acknowledged important related to operation Audit Report 1. Audit report by Audit Committee of GIIR Inc Evaluation report of the Internal Accounting Management System Financial Statements 1. Balance Sheet Statement of Income Statement of Comprehensive Income Statement of changes in Equity Statement of Appropriations of Retained Earnings(proposal) Cash Flows Notes to Financial Statements 8. Balance Sheet(Consolidated) Statement of Income(Consolidated) Statement of Comprehensive Income(Consolidated) Statement of Changes in Equity(Consolidated) Cash Flows(Consolidated) Notes to Financial Statements(Consolidated)

40 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 42 To Our Shareholders (Business report) Dear Shareholders! On behalf of our entire staffs, I would like to express my deepest gratitude for your continued interest and support to GIIR and GIIR s affiliated companies. Despite the favorable factors like the World Cup and Asian Games, the domestic advertising market in 2014 is estimated only to be 9.65 trillion won which is about the same as the previous year. The advertisement market has been frozen up for all year long. Early last year, the data spill incident in financial industry put their advertisement on hold and then Sewol ferry disaster has affected the entire market for the rest of the year. By media, the traditional ones like public TV and newspaper have declined as in other years. The loss has been filled with: cable TV and general service broadcasters with novel programs such as Mi-saeng, Three Meals a Day, and Non-Summit; IPTV advertisement market which achieved 10 million subscribers; and mobile advertisement market with increased digital video clips according to active LTE service. By industry, the info-communications industry spent the highest advertisement expense as usual. Distribution industry adopted O2O, Online to Offline for the keywords of managerial strategies and then scored a quantum leap on their advertisement budget through the aggressive marketing on mobile shopping and delivery apps. The marketing battles among mobile game companies also stood out last year. Last year, as well as 30 th anniversary, GIIR gained the firm growth of 7.1% and achieved 1 trillion billion won of billings in spite of the slow growth of advertisement market. The international billings attained 22.7% increase and marked 300 billion won as the first time in our history. It is the fruit of the constant investment for global ad-agency business as one of the major future growth engines. Especially, we have successfully executed an on-line and off-line combined campaign including TVCF, viral, and global landmark outdoor advertising for G3 global launching of LG Electronics. Last year, we have carried out all of major international advertising campaigns for LG Electronics and have expanded business area of global network. In terms of domestic achievement, we have hosted new eminent advertisers last year including as a British game company king.com and the well-known global luxury watch maker Omega. More of representative advertisers of each industry joined us such as Bonjuk, Alba-cheonguk, Elite Basic, Woori Card, LIG, Coupang, Kovea, ABC Mart, Kwangdong Pharmaceutical, Haitai Beverage, Seoul Milk. In the BTL area, new advertisers like ISOFAR 2015 Goesan and Kumho Tire global exhibition

41 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 43 have been developed. We have created several extremely successful campaigns. The Baemin campaign for Woowa Borthers & Sisters made a big hit in advertising industry last year, and generated a famous buzz word what kind of race we are in order to give a big push for the Baemin app to be the top delivery app in Korea. Korean Airline advertisement <Where s Your Europe?> received Effie Awards and won the Grand Prix of Korean Advertising Awards for 4 consecutive years. As the result of the series of successful campaigns, we have been selected as the best ad-agency in TVCF Awards 2014, early this year. We also successfully carried out cultural ceremonies such as 2014 ASEAN Republic of Korea Commemorative Summit, opening and closing ceremonies for 17 th Asian Games Incheon 2014, and Osong International Bio Industry Exposition in Korea. We did not ignore our social responsibilities so we provided a talent donation for public service advertisement of Korean Unwed Mothers Support Network and Child Fund Korea. Honorable shareholders! Economic research institutes forecast about 3% of economic growth in Korea in this year. The domestic advertisement market is expected to be increased by the economic growth rate, based on public TV which has been affected by Sewol ferry disaster and mobile and IPTV which have continuous trend of rising multi-media users. The whole market may revive gradually but there are unfavorable factors to reduce profitability of advertisement agencies, including the issue of biased work order for affiliates, the increase of advertisement production cost, and the increase of personnel expense due to government policy to support youth. Thus, all employees of GIIR will try our best to achieve quantitative growth through: developing new advertisers; striving for new business which is way beyond the traditional ad-agency areas; supporting global business outcomes of market leading products of LG including G4 and OLED TV; and expanding global business limit of our own. In the other hand, we will intensify our quality of work through improving MPM, the multi-media platform for advertisement effect measurement model, developed exclusively by us as the first time in this industry as well as the MPOPS PRO, the 4-Screen integrated media planning solution. Then we will have unique and distinctive ability to sense consumer and market. This year is very important year as the first year to start another 30 years. With humble and modest mind, we will try our best for GIIR to be an enterprise to be loved from all of shareholders, advertisers, subcontractors, local communities and employees of our own. Thank you from the bottom of our hearts for our shareholders constant concerns. We wish good health and happiness within all of your families. Thank you. March 13 th, 2015 Representative Director of GIIR Inc., Jong Ripp Kim

42 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 44 B u s i n e s s R e p o r t General Condition of the Company Progress and Results of Operation Parent Company, Subsidiary Companies, Interlocking Directorate, and etc. Operation Results and Financial Conditions for the Past Three Years Assignment of the Company Directors and Auditor Major Shareholders Company and Subsidiary Companies Investment Status Major Creditors Occurrence of Significant Events After the Accounting Period Other Important Matters Related to Operation

43 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 4 5 I. General condition of the Company 1. Objectives of the Company (Business object from the Articles) To engage in holding company business To engage in agency business for domestic and overseas advertisement for promotion of sales To engage in printing and publishing work To manufacture other products To engage in construction work To engage in construction work involving building equipment To engage in construction work involving electricity and telecommunication To engage in construction finishing work To engage in trade, agency business for goods To engage in real estate business To conduct research and consulting services To engage in designing work To engage in any other supporting business To engage in movie industry To engage in entertainment, culture and sports related business Any and all businesses which are incidental to any of the forgoing objects 2. State of business office Name of business office Main Business & Products Location Main office Holding company LG Mapo Bldg., 155 Mapo-daero, Mapo-gu, Seoul 3. State of employees [As of December 31, 2014] Classification Executive Finance HR Legal Traffic Others Total Number

44 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t Matters about stocks 1) Class and number of issued stock [As of December 31, 2014] Class Number Amount Ratio common shares in non-bearer form 16,567,409 shares KRW 17,571,493, % 2) Fluctuation state of the paid-in capital Date Class Number Additional amount Capital after increase Increasing (share) (KRW 1,000) (KRW 1,000) contents Common stock 300,000 3,000,000 8,000,000 Capital increase without consideration Common stock 1,600,000-8,000,000 Stock split Common stock 686,000 3,430,000 11,430,000 Capital increase with consideration Common stock 68, ,900 11,772,900 Stock allotment Common stock 11,772,900-11,772,900 Stock split Common stock 5,798,593 5,798,593 17,571,493 Capital increase with consideration Common stock 1,004,084-17,571,493 Cancellation 3) Stock affairs Closing date December 31 Convening of the General Shareholders Meeting Suspension period of the register of shareholders Public Notice newspaper Denominations of share certificates February or March January 1 ~ January 31 The Korea Economic Daily 1, 5, 10, 50, 100, 500, 1000, stockholders right (8 kinds) Transfer Agent Privilege for stock Name Address Korea Securities Depository Nam-gu, Munhyeongeumyung-ro 40, Busan None 5. Matters about bonds Not relevant

45 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 4 7 II. Progress and results of operation 1. Sales(Consolidated) [unit : KRW million] Classification 31st (2014) 30th (2013) 29th (2012) Production 310, , ,277 Media planning and Buying commission 61,922 65,352 58,917 Other 13,400 11,007 7,652 Total 385, , ,846

46 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 4 8 III. Parent company, subsidiary, and interlocking directorate of the Company etc. 1. State of parent company [As of December 31, 2014] Name Location Capital Main business Number of share Ratio LG Corp. 128 Yeoui-daero, M KRW Holding Youngdeungpo-gu, Seoul 879,359 Company 5,798, % 2. State of subsidiary company [As of December 31, 2014] Subsidiary Relation with the Company Name Location Paid-in capital Main business Number of stock Ratio HS Ad Inc. LBEST LTD. GIIR America 155 Mapo-daero, Mapo-gu, Seoul 235 Banpo-daero, Kangnam-gu, Seoul 180 Sylvan Avenue Englewood Cliffs, NJ USA KRW 5,306m KRW 164m USD 0.9 m Advertising Advertising Advertising 5,306,750 Shares 32,801 Shares 900 Shares 100% 100% 100% 17 th Floor, West Twins Tower, Yuan Zhi Meng No:12, Jian Guo Men Wai Road, USD 0.5 m Advertising - 100% Chao Yang District, Beijing, China GIIR India GIIR UK GIIR Rus LLC GIIR Do Brazil 305 Third Floor, Copia Corporate Suites, District Centre, Jasola, New Delhi , India LG House, Bath Road, Slough, Berkshire, SL1 4DX, UK 6 Floor, 4, 4 th Lesnoy per., Moscow, , Russia LG Electronics do Brazil Av.Dr.Chucri Zaidan, andar CEP Vila Cordeiro, Sao Paolo/SP, Brazil INR 7,901,868 Advertising 79,018,682 Shares USD 1.0 m Advertising Richmond Bldg., 20 th floor, GIIR Thailand Sukhumvit 26, Klongton, Klongtoey, Baht 26 m Advertising Bangkok 10110, Thailand GIIR Germany GIIR Ukraine Berliner Strasse 93, LG Building Ratingen,Germany 6 th Floor. 4(Lit.Z) basseynaya Str., Kiev, 01004, Ukraine 642,691 Shares 100% 100% USD 0.87 m Advertising - 100% USD 0.87 m Advertising - 100% 260, % Shares 0.7 m Advertising - 100% USD 0.87 m Advertising - 100%

47 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t Concurrent position state of parent and subsidiary company [As of December 31, 2014] Name Company Position Duty GIIR Inc. President CEO Jong Ripp Kim HS Ad Inc. President CEO LBEST LTD. President CEO Yuan Zhi Meng Director Non-Standing Director Saeng Gyu Kim GIIR Inc. CFO Director Yuan Zhi Meng Director Non-Standing Director GIIR Inc. Director Non-Standing Director Yung Min Kim HS Ad Inc. Director Non-standing Director LBEST LTD. Director Non-standing Director IV. Operation results and financial condition for recent 3 years 1. Operation Results 1) Statement of Income [unit : KRW million] Classification 31st 30th 29th ' ' ' ' ' ' Operating Revenue 11,291 10,057 14,245 Operating Expenses 12,042 11,605 11,975 Operating Profit (751) (1,547) 2,270 Other & Financial Income 1,232 1,542 2,522 Other & Financial Expenses Profit(Loss) Before Tax 422 (9) 4,770 Income Taxes Expenses 95 (553) 382 Net Income ,388

48 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 5 0 2) Statement of Income(Consolidated) [unit : KRW million] Classification 31st 30th 29th ' ' ' ' ' ' Sales 385, , , Cost of sales 266, , , Gross profit 119, , , Selling general administrative expenses 106,750 97,976 90, Operating Profit(Loss) 12,839 16,134 15, Other & Financial Income 9,416 6,377 8, Others & Financial Expenses 9,017 6,019 6, Profit(Loss) Before Tax 13,239 16,493 17, Income Taxes Expense 3,702 4,122 5, Net Profit(Losses) 9,537 12,425 12,285 Controlling interest 9,671 11,961 12,272 Non-controlling interest (133) Financial condition 1) Balance Sheet(Statement of Financial Position) [unit : KRW million] Assets Classification 31st 30th 29th ' ' ' Current assets 48,413 50,463 54, Non-current assets 49,014 48,482 47,964 Total assets 97,427 98, ,430 Liabilities 1. Current liabilities 2,739 1,594 2, Non-current liabilities 1, Total liabilities 3,951 2,338 2,771 Equity 1. Issued capital 17,571 17,571 17, Capital surplus 54,582 54,582 54,582

49 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 5 1 Balance Sheet - Continued [unit : KRW million] 3. Retained earnings 26,816 30,023 32, Accumulated Other Comprehensive Income (41) (117) Elements of other stockholder's equity (5,453) (5,453) (5,453) Total equity 93,476 96,607 99,659 Total equity and liabilities 97,427 98, ,430 2) Statement of Financial Position (Consolidated) [unit : KRW million] Assets Classification 31st 30th 29th ' ' ' Current assets 372, , , Non-current assets 25,489 23,117 24,220 Total assets 398, , ,913 Liabilities 1. Current liabilities 264, , , Non-current liabilities 8,693 4,163 4,700 Total liabilities 273, , ,714 Equity 1. Equity attributable to owners of parent 125, , ,912 Issued capital 17,571 17,571 17,571 Capital surplus 55,024 54,582 54,582 Retained earnings 62,330 58,511 50,074 Accumulated Other Comprehensive Income Elements of other stockholder's equity (337) (546) (105) (9,210) (9,210) (9,210) 2. Non-controlling interests Total equity 125, , ,199 Total equity and liabilities 398, , ,913

50 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t Changes in Equity 1) Statement of Changes in Equity [unit : KRW million] Classification 31st 30th 29th ' ' ' ' ' ' Equity at beginning of period 96,607 99,659 98,472 Changes in Equity (3,131) (3,052) 1,187 Equity at end of period 93,476 96,607 99,659 2) Statement of Changes in Equity(Consolidated) [unit : KRW million] Classification 31st 30th 29th ' ' ' ' ' ' Equity at beginning of period 121, , ,297 Changes in Equity 3,725 8,455 7,902 Equity at end of period 125, , , Cash Flows 1) Cash Flows [unit : KRW million] Classification Cash Flows from Operating Activities 31st 30th 29th ' ' ' ' ' ' ,715 (70) 2, Net Profit ,388 Cash Flows from Investing Activities Cash Flows from Financing Activities (96) 3,024 (68) (3,457) (3,242) (3,242) Net increase(decrease) in cash 159 (288) (335) Cash at beginning of period Cash at end of period

51 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 5 3 2) Cash Flows(Consolidated) [unit : KRW million] Classification Cash Flows from Operating Activities 31st 30th 29th ' ' ' ' ' ' ,699 6,981 (15,559) 1. Net Profit 9,537 12,426 12,285 Cash Flows from Investing Activities Cash Flows from Financing Activities 11,318 6,762 (8,593) (2,633) (2,680) (2,022) Net increase(decrease) in cash 15,384 11,063 (26,173) Cash at beginning of period 30,578 19,846 46,958 Cash at end of period 46,394 30,578 19,846 V. Assignment of the Company The reporting matters were included in and stated in To Our Shareholders.

52 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 5 4 VI. Present state of director and auditor [As of December 31, 2014] Name Position Duty Transaction with the Company Jong Ripp Kim President CEO None Saeng Gyu Kim CFO Director None Yung Min Kim Director Non-standing Director None Robbins Sung Hun Director Non-standing Director None In Soo Cho Director Outside Director None Kyung Tae Lee Director Outside Director None VII. Present state of major shareholder [As of December 31, 2014] Name Number of shares Ratio Transaction with the Company LG Corp. 5,798, % None Cavendish Square Holding B.V. 4,961, % None National Pension Service 1,000, % None Soon Tae Hwang 634, % None Shinyoung IM 619, % None

53 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 5 5 VIII. Investment state of the Company and subsidiary company or subsidiary company of the Company [As of December 31, 2014], [unit : share] Investment company Investment to Other company Name (The Company or other company invest to the company subsidiary company) Number Ratio Number Ratio HS Ad Inc. GIIR Inc. 5,306, % - - LBEST LTD. GIIR Inc. 32, % - - GIIR America GIIR Inc % - - GIIR India GIIR Inc. 7,901, % - - GIIR UK GIIR Inc. 642, % - - GIIR Rus LLC GIIR Inc % - - GIIR Do Brazil GIIR Inc % - - Yuan Zhi Meng GIIR Inc % - - GIIR Thailand GIIR Inc. 260, % - - GIIR Germany GIIR Inc % - - GIIR Ukraine GIIR Inc % - - HS Ad MEA FZ-LLC HS Ad % - - HS Ad Latin America S.A. HS Ad % - - Woori I&S GIIR Inc. 148, % - - IX. Main creditor etc. Not relevant X. Important matters occurred after the accounting period Not relevant XI. Other matters acknowledged related to operation Nothing to report

54 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 56 A u d i t R e p o r t Audit report by Audit Committee of GIIR Inc. Evaluation report of the Internal Accounting Management System

55 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 5 7 Audit Report Audit Committee report the following audit result on accounting and business of the 31 st fiscal year from January 1, 2014 to December 31, 2014 as an Audit Committee member of GIIR Inc. 1. Outline of the Audit Method Audit Committee inspected the accounting book and the relevant documents and investigated the financial statements and attached specification for examination. Audit Committee examined by applying the contrast, actual inspection, session, inquiry and other proper audit procedures in case of need in executing the audit. Audit Committee received the report on the business from directors if necessary to attend the Board of Directors and other major meetings for the business inspection, inspected the important related business documents by using the proper method like inspection of the contents. 2. Matters on Indication of Financial statement The assets, profit and loss, change of retained earnings, change of equities and cash flows of the Company are stated adequately according to law and the Articles in the financial statement. 3. Matters on Business Report The general condition of the Company is indicated accurately in the business report under law and the Articles. February 16 th, 2015 Audit Committee of GIIR Inc. Chairman of the Audit Committee of GIIR Inc. Audit Committee Member of GIIR Inc. Audit Committee Member of GIIR Inc. Kyung Tae Lee In Soo Cho Robbins Sung Hun

56 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 5 8 Evaluation report of the Internal Accounting Management System To : Board of Directors of GIIR Inc. The Internal Accounting Controller and accounting division have been appointed and organized according to the Regulations on the Internal Accounting Management of the Company and their corresponding functions are being performed efficiently. The division in charge of accounting management handles accounting information in a bona fide manner in accordance with Korean GAAP and the Regulations on the Internal Accounting Management of the Company in order to prevent any errors in the book-keeping process. In addition, the Internal Accounting Controller checks the reliability of the accounting information through internal audits and audits by external auditors on a regular basis or as the occasion arises. The Statutory Auditor s Opinion is that GIIR s Internal Accounting Management System in 2014 is being operated in an efficient manner. February 16 th, 2015 Audit Committee of GIIR Inc. Chairman of the Audit Committee of GIIR Inc. Audit Committee Member of GIIR Inc. Audit Committee Member of GIIR Inc. Kyung Tae Lee In Soo Cho Robbins Sung Hun

57 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 59 F i n a n c i a l S t a t e m e n t s Balance Sheet Statement of Income Statement of Comprehensive Income Statement of Changes in Equity Statement of Appropriations of Retained Earnings(Proposal) Cash Flows Balance Sheet(Consolidated) Statement of Income(Consolidated) Statement of Comprehensive Income(Consolidated) Statement of Changes in Equity(Consolidated) Cash Flows(Consolidated)

58 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 60 BALANCE SHEET 31st FY As of December 31, th FY As of December 31, 2013 GIIR Inc. ACCOUNT 31st FY 30th FY ASSETS [in Korean Won] I CURRENT ASSETS 48,412,841,036 50,463,092, Cash and cash equivalents 297,973, ,836, Gain and Loss Realized Financial Asset 10,900,000, Short-term loans and receivables 37,027,539,436 49,759,929,566 Deposit in Financial Institutions 33,500,000,000 45,000,000,000 Account Receivable 481,825,040 (Allowance for bad debt-ar) 0 481,825,040 Other Receivables 2,740,634,172 4,390,961,745 (Allowance for bad accounts) 0 2,740,634, ,390,961,745 Accured Income 305,080, ,967, Other Current Assets 187,328, ,326,459 Advance Payments 20,000 88,009,658 Prepaid expenses 187,308, ,682,961 Prepaid corporate income tax 0 292,633,840 Ⅱ NON-CURRENT ASSETS 49,014,263,813 48,482,330, Available-for-sale securities 1,521,346,000 1,423,386, Long-term loans and Receivables 195,286, ,286,000 Long term Deposit in Financial Institutions 2,500,000 2,500,000 Long-term loans 0 0 (Allowance for bad accounts) Guarantee deposits 192,786, ,786,000 (Present value discount) 0 192,786, ,786,000 Long-term accrued income Property and Equipment 1,196,511,346 1,166,408,962 Tools 6,010,371,908 5,479,320,999 (Accumulated Depreciation) (4,863,763,562) 1,146,608,346 (4,362,815,037) 1,116,505,962 Others 49,903,000 49,903, Intangibles 1,963,697,735 1,902,991,141 Other Intangibles 4,724,656,050 4,434,656,050 (Accumulated Depreciation) (3,615,550,015) 1,109,106,035 (2,940,816,609) 1,493,839,441 Other Investment Assets 409,151, ,151,700 Assets in Construction 445,440, Deferred income taxes 1,476,845,450 1,309,564, Other Non-Current Assets 42,660,577,282 42,484,693,887 Subsidiaries equity 42,611,703,233 42,396,063,233 Long-term prepaid expenses 48,874,049 88,630, Held-for-sale assets TOTAL ASSETS 97,427,104,849 98,945,422,709 LIABILITIES I CURRENTS LIABILITIES 2,739,098,188 1,593,581, Trade and other current payables 2,580,977,851 1,485,126,767 Payables 7,150,000

59 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 6 1 GIIR Inc. (Balance Sheet-Continued) ACCOUNT 31st FY 30th FY [in Korean Won] Accounts Payable 1,367,836, ,291,996 Accrued Expenses 1,099,633, ,484,380 Financial guarantee contract 106,358, ,350, Other current liabilities 158,120, ,454,451 Payments of Income taxes payable 34,947,913 0 Withholdings 123,172, ,454,451 Ⅱ LONG-TERM LIABILITIES 1,211,984, ,798, Long-term trade payables and others 48,874,049 88,630,654 Deposit 0 0 Long term financial guarantee contract 48,874,049 88,630, Projected Benefit Obligations 1,120,931, ,529,469 Post-employment benefit obligations 3,046,713,726 2,472,493,749 Transfer to National Pension Fund (3,312,800) (3,312,800) Provisions for Retirement and Severance Benefits (2,155,099,043) 888,301,883 (1,997,794,751) 471,386,198 Non Current provisions for employee benefits 232,629, ,143, Deferred tax liabilities Other non current liabilities 42,179,491 41,638,195 TOTAL LIABILITIES 3,951,083,006 2,338,379,536 SHAREHOLDER'S EQUITY I CAPITAL STOCK 17,571,493,000 17,571,493, Common stock 17,571,493,000 17,571,493,000 Ⅱ CAPITAL SURPLUS 54,582,336,025 54,582,336, Paid-in-capital in excess of par value 54,456,388,669 54,456,388, Other capital surplus 125,947, ,947,356 Ⅲ RETAINED EARNINGS 26,816,049,218 30,023,479, Legal reserves 14,085,746,500 13,811,005, Voluntary reserves 9,612,756,852 9,612,756, Retained earnings before appropriation 3,875,092,455 7,064,079, Actuarial gains and losses (757,546,589) (464,363,007) Ⅳ ACCUMULATED OTHER COMPREHENSIVE INCOME (40,519,752) (116,928,427) 1. Losses on Valuation of Available for Sale Securities 50,612, Losses on Valuation of Available for Sale Financical Assets (91,132,336) (116,928,427) V ELEMENTS OF OTHER STOCKHOLDER'S EQUITY (5,453,336,648) (5,453,336,648) 1. Treasury stocks (7,090,680,480) (7,090,680,480) 2. Stock option 1,637,343,832 1,637,343,832 TOTAL SHAREHOLDER'S EQUITY 93,476,021,843 96,607,043,173 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 97,427,104,849 98,945,422,709

60 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 62 STATEMENT OF INCOME 31st FY From to th FY From to GIIR Inc. ACCOUNT 31st FY 30th FY [in Korean Won] I OPERATING REVENUE 11,291,174,561 10,057,373, Dividend Income Management fee 10,694,186,591 10,006,146, Rental income Others 596,987,970 51,227,272 Ⅱ OPERATING EXPENSES 12,042,407,357 11,604,565, Payroll 5,513,508,388 5,652,594, Provision for severance indemnities 602,545, ,211, Fringe benefits 892,062, ,910, Entertainment 126,083, ,264, Depreciation 523,353, ,047, Amortization 674,733, ,494, Taxes and dues 33,882,498 35,987, Advertising 7,120,000 3,300, Research Expenses 0 718, Commission 382,450, ,998, Training 101,853,230 72,038, Insurance 3,725,300 3,442, Overseas Maketing Expenses Water and heating 271,476, ,043, Travel 204,991, ,928, Communication 73,780,337 76,729, Supplies 39,127,776 41,733, Books 117,284, ,795, Repair 61,185,528 79,383, Car maintenance 116,075, ,460, Rent 443,937, ,759, Bad debts expense Recovery of Bad debts expenses - (227,243,980) 24. Other Costs 24,100,000 18,890, Provisions for Restoration 541, , Recovery of Provisions for Restoration Others 1,828,589,208 1,683,655,586 Ⅲ OPERATING PROFIT (751,232,796) (1,547,191,142) Ⅳ OTHER REVENUES 99,740,949 9,482, Gain on Foreign Currency Transactions 3,653,404 12, Gain on Foreign Currency Translation 27,538, Gains on disposal of property and equipment 520, , Gains on disposal of intangible assets 0 0

61 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 6 3 GIIR Inc. (Statement of Income-Continued) ACCOUNT 31st FY 30th FY 5. Others 68,028,219 9,126, Gains on disposal of subsidiaries equity Recovery of other Bad debts expenses Other non operating Revenues 0 0 [in Korean Won] Ⅴ FINANCIAL INCOME 1,132,196,814 1,532,696, Interest income 1,124,674,833 1,517,854, Gain on Foreign Currency Translation 100, Gain on Foreign Currency Transactions Dividend income(other) 7,421,200 14,842,400 Ⅵ OTHER EXPENSES 58,216,394 3,968, Losses on Foreign currency transactions 8,007,572 6, Losses on Foreign currency translation 10,170,000 2,566, Loss on disposal of property and equipment Impairment loss for investment assets 5. Loss on disposal of subsidiaries equity Other Bad debts expense Others 40,038,822 1,395, Impairment loss for investment assets 0 0 Ⅶ FINANCIAL EXPENSES 0 373, Losses on Foreign currency transaction 0 236, Losses on Foreig currency conversion 0 136, Impairment loss for available-for-sale financial assets Ⅷ INCOME BEFORE INCOME TAX EXPENSE 422,488,573 (9,353,423) Ⅸ INCOME TAX EXPENSE 95,206,196 (552,573,993) X NET INCOME 327,282, ,220,570

62 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 64 STATEMENT OF COMPREHENSIVE INCOME 31st FY From to th FY From to GIIR Inc. ACCOUNT 31st FY 30th FY [in Korean Won] I NET INCOME 327,282, ,220,570 II OTHER COMPREHENSIVE INCOME (216,774,907) (353,174,369) Comprehensive Income reclassified as net income Gain and losses on valuation of available for sale financial assets 76,408,675 (261,641,827) Comprehensive Income not reclassified as net income Revaluation of Defined Benefit Plan (293,183,582) (91,532,542) III TOTAL COMPREHENSIVE INCOME 110,507, ,046,201

63 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 65 STATEMENT OF CHANGES IN EQUITY 31st FY From to th FY From to GIIR Inc. [in Korean Won] ACCOUNT Accumulated other Elements of other Total Capital Capital Retained Comprehensive stockholder's shareholder's Stock Surplus Earnings Income equity equity (Equity at the beginning of the period) 17,571,493,000 54,582,336,025 32,813,319, ,713,400 (5,453,336,648) 99,658,525,772 COMPREHENSIVE INCOME Net income 543,220, ,220,570 Losses/Gain on Valuation of Available for Sale Securities (261,641,827) (261,641,827) Actuarial gains and losses (91,532,542) (91,532,542) TRANSACTIONS WITH SHAREHOLDERS DIRECTLY REFLECTED IN THE CAPITAL Dividend Paid (3,241,528,800) (3,241,528,800) (Equity at end of period) 17,571,493,000 54,582,336,025 30,023,479,223 (116,928,427) (5,453,336,648) 96,607,043, (Equity at beginning of period) 17,571,493,000 54,582,336,025 30,023,479,223 (116,928,427) (5,453,336,648) 96,607,043,173 COMPREHENSIVE INCOME Net income 327,282, ,282,377 Losses/Gain on Valuation of Available for Sale Securities 76,408,675 76,408,675 Actuarial gains and losses (293,183,582) (293,183,582) TRANSACTIONS WITH SHAREHOLDERS DIRECTLY REFLECTED IN THE CAPITAL Dividend Paid (3,241,528,800) (3,241,528,800) (Equity at the end of the period) 17,571,493,000 54,582,336,025 26,816,049,218 (40,519,752) (5,453,336,648) 93,476,021,843

64 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 66 STATEMENT OF APPROPRIATION OF RETAINED EARNINGS(PROPOSAL) 31st FY From to (Expected Date of Appropriation : ) 30th FY From to (Date of Appropriation : ) GIIR Inc. [in Korean Won] ACCOUNT 31st FY 30th FY I RETAINED EARNING BEFORE APPROPRIATION 3,317,545,866 6,599,716, Unappropriated earnings carried over from previous year 3,083,447,071 6,148,028, Actuarial gains and losses (293,183,582) (91,532,542) 3. Net Income 327,282, ,220, Voluntary Reserve Return 200,000,000 II APPROPRIATIONS OF RETAINED EARNINGS 3,241,528,800 3,516,269, Earned surplus reserve 0 274,741, Dividends A. Cash Dividends 3,241,528,800 3,241,528,800 Dividends(ratio) FY2014: KRW 200(20%) FY2013: KRW 200(20%) III UNAPPROPRIATED RETAINED EARNINGS TO BE CARRIED 76,017,066 3,083,447,071 FORWARD TO SUBSEQUENT YEAR

65 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 67 CASH FLOWS 31st FY From to th FY From to GIIR Inc. ACCOUNT 31st FY 30th FY [in Korean Won] I CASH FLOWS FROM OPERATING ACTIVITIES 3,712,457,549 (70,319,707) 1. CASH FLOWS FROM OPERATING ACTIVITIES 2,390,238,039 (2,007,844,649) (1) Net Profit 327,282, ,220,570 (2) Adjustments 746,293,822 (745,979,996) Income tax expense 95,206,196 (552,573,993) Provision for severance indemnities 602,545, ,211,134 Depreciation 523,353, ,047,351 Losses on Foreign currency translation 10,170,000 2,703,315 Amortization 674,733, ,494,286 Recovery of other Bad debts expenses 0 (227,243,980) (Recovery of) Provisions for Restoration 541, ,549 Losses on Foreign currency translation (27,639,651) 0 Interest income (1,124,674,833) (1,517,854,255) Dividend income (7,421,200) (14,842,400) Gain on disposal of property and equipment (520,456) (344,003) (3) Decrease(increase) of Assets and Liabilities 1,316,661,840 (1,805,085,223) Decrease (increase) in trade accounts receivable (472,837,970) 0 Decrease (increase) in other receivables 1,647,834,738 (772,120,542) Decrease (increase) in other current assets 85,372,096 14,711,149 Decrease (increase) in accounts payables 15,531,800 Decrease (increase) in payables 101,914,166 (672,508,186) Decrease (increase) in accrued expenses 396,149, ,394,745 Decrease (increase) in other current liabilities 14,717,973 (47,461,941) Payment of severance benefit (373,160,600) (103,525,764) Move in(out) from(to) affiliate companies 13,526,197 (56,323,804) Decrease(Increase) of pension operation assets (201,871,838) (351,844,960) Decrease (increase) in other non current liabilities 89,486,124 50,594, INTEREST RECEIVED 1,188,562,430 2,090,254, DIVIDENDS RECEIVED 7,421,200 14,842, INCOME TAXES PAID (REFUND) 126,235,880 (167,571,728)

66 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 6 8 GIIR Inc. (Cash Flows-Continued) ACCOUNT 31st FY 30th FY [in Korean Won] Ⅱ CASH FLOWS FROM INVESTING ACTIVITIES (96,252,618) 3,023,595, CASH INFLOWS FROM INVESTING ACTIVITIES 57,003,028,291 76,229,093,983 Decrease of financial institution deposits 57,000,000,000 76,000,000,000 Decrease of long-term loans Decrease of long-term guarantee deposits 0 1,500,000 Proceeds from held-for-sale assets 2,492, ,243,980 Proceeds from sales of tangible assets 535, , CASH OUTFLOWS FROM INVESTING ACTIVITIES (57,099,280,909) (73,205,498,806) Increase of realized financial asset 10,900,000,000 Increase of financial institution deposits 45,500,000,000 72,000,000,000 Purchase of property, plant and equipment 344,120, ,749,181 Purchase of intangible assets 355,160, ,749,625 Ⅲ CASH FLOWS FROM FINANCING ACTIVITIES (3,457,168,800) (3,241,528,800) 1. CASH INFLOWS FROM FINANCING ACTIVITIES CASH OUTFLOWS FROM FINANCING ACTIVITIES (3,457,168,800) (3,241,528,800) Dividends paid 3,241,528,800 3,241,528,800 Investment in Subsidiaries 215,640,000 IV NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(Ⅰ+Ⅱ+Ⅲ) 159,036,131 (288,253,330) Ⅴ CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 138,836, ,226,548 Ⅵ EFFECT OF EXCHANGE RATE CHANGES ON CASH 100,781 (136,817) ⅦCASH AND CASH EQUIVALENTS AT END OF PERIOD 297,973, ,836,401

67 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 69 BALANCE SHEET(CONSOLIDATED) 31st FY As of December 31, th FY As of December 31, 2013 GIIR Inc. and subsidiaries ACCOUNT 31st FY 30th FY ASSETS [in Korean Won] I CURRENT ASSETS 372,947,467, ,408,493,505 (1) Cash and cash equivalents 47,262,649,842 40,224,245,692 (2) Fair value financial asset 18,655,477 20,221,667 (3) Financial asset held to maturity 499,300, ,990,000 (4) Short-term loans and receivables 304,288,311, ,499,333, Deposit in Financial Institutions 34,500,000,000 49,095,000, Trade Receivable 269,383,162, ,094,872,184 (Allowance for bad accounts) (4,480,535) 269,378,682,240 (170,399,977) 277,924,472, Other Receivables 33,549,902 28,913,690 (Allowance for bad accounts) 0 33,549,902 (9,680,000) 19,233, Accured Income 376,079, ,627,790 (5) Other Current Assets 20,878,550,401 17,371,702, Advance Payments 5,123,209,930 6,543,131,094 (Allowance for bad accounts) 0 5,123,209, ,543,131, Prepaid expenses 979,576, ,061, Prepaid Income Taxes 874,079, ,016, Value added tax withheld 2,880,119,241 2,052,873, Gross amount due from customers for contract work as an assets 11,021,565,794 7,101,619, Others 0 0 Held-for-sale assets(current) 0 0 II NON-CURRENT ASSETS 25,488,890,624 23,116,671,840 (1) Available-for-sale securities 1,925,965,421 1,777,336,841 (2) Held-to-maturity financial assets - non current 506,560, ,790,000 (3) Long-term loans and Receivables 3,711,339,109 3,290,642, Long term Deposit in Financial Institutions 38,230,890 18,500, Long-term loans 50,000,000 50,000,000 (Allowance for bad accounts) 0 50,000, ,000, Guarantee deposits 3,644,040,224 3,263,026,368 (Present value discount) (20,932,005) 3,623,108,219 (40,883,883) 3,222,142,485 (4) Property and Equipment 3,480,332,739 3,476,966, Tools 14,619,706,354 13,135,352,333 (Accumulated Depreciation) (11,410,126,596) 3,209,579,758 (9,897,781,776) 3,237,570, Vehicles 168,027, ,036,226 (Accumulated Depreciation) (98,438,305) 69,588,767 (66,832,060) 44,204, Others 201,164, ,191,822 (5) Intangibles 11,797,475,004 11,530,954, Software 1,568,363,471 1,655,932, Goodwill 6,297,381,731 6,297,381, Membership 3,486,289,802 3,486,289, In progress 445,440,000 91,350,000

68 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 7 0 GIIR Inc. (Balance Sheet-Continued) ACCOUNT 31st FY 30th FY [in Korean Won] (6) Others 4,067,218,351 2,368,981, Deferred income taxes 4,067,218,351 2,368,981, Long-term Prepaid Expense Others 0 0 TOTAL ASSETS 398,436,358, ,525,165,345 LIABILITIES I CURRENTS LIABILITIES 264,364,372, ,708,027,915 (1) Fair value financial asset 10,201,337 35,468,832 (2) Trade and other current payables 226,566,208, ,496,390, Short-term Borrowings 3,825,938,195 12,672,607, Short term borrowings - receivable backed Current Portion of Long-term Liabilities Trade Payable 208,682,807, ,754,378, Other Payables 5,591,655,330 5,507,388, Accrued Expenses 8,465,808,070 5,562,016,118 (3) Other current liabilities 37,787,962,322 40,176,168, Gross amount due to customers for contract work as a liability 23,832,992,350 26,575,960, Payments of Income taxes payable 3,334,396,368 3,268,690, Withholdings 7,066,181,647 5,860,999, Unearned Income 3,554,391,957 4,470,518,981 Ⅱ LONG-TERM LIABILITIES 8,692,926,115 4,163,086,383 (1) Fair value financial asset 0 0 (2) Long-term trade payables and others 114,058,337 77,841, Long term borrowings 10,000, Deposits received 104,058,337 77,841,125 (3) Projected Benefit Obligations 8,099,240,865 3,611,773, Post-employment benefit obligations 22,207,063,162 16,962,926, Transfer to National Pension Fund (33,075,500) (36,261,500) 3. Provisions for Retirement and Severance Benefits (15,314,842,000) 6,859,145,662 (14,066,048,157) 2,860,616, Non Current provisions for employee benefits 1,240,095, ,156,969 (4) Other non current liabilities 479,626, ,471, Deferred income tax liabilities Provision for Restoration in Long-term Liabilities 479,626, ,471,777 TOTAL LIABILITIES 273,057,298, ,871,114,298 SHAREHOLDER'S EQUITY I CAPITAL STOCK 17,571,493,000 17,571,493, Common stock 17,571,493,000 17,571,493,000 II CAPITAL SURPLUS 55,024,455,374 54,582,336, Paid-in-capital in excess of par value 54,456,388,669 54,456,388, Other capital surplus 568,066, ,947,356

69 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 7 1 GIIR Inc. (Balance Sheet-Continued) ACCOUNT 31st FY 30th FY [in Korean Won] Ⅲ RETAINED EARNINGS 62,329,639,054 58,511,007, Legal reserves 14,085,746,500 13,811,005, Voluntary reserves 9,612,756,852 9,612,756, Retained earnings before appropriation 44,214,454,124 38,059,934, Actuarial gains and losses (5,583,318,422) (2,972,689,174) Ⅳ ACCUMULATED OTHER COMPREHENSIVE INCOME (336,739,798) (545,675,256) 1. Losses on Valuation of Available for Sale Securities (91,132,336) (116,928,427) 2. Gain on valuation of Financial Asset for sale 50,612, Gains and losses on Cumulative Effect of Foreign Currency Translation (296,220,046) (428,746,829) Ⅴ ELEMENTS OF OTHER STOCKHOLDER S EQUITY (9,209,787,846) (9,209,787,846) 1. Treasury stocks (7,090,680,480) (7,090,680,480) 2. Stock option 1,637,343,832 1,637,343, Others (3,756,451,198) (3,756,451,198) Equity attributable to owners of parent 125,379,059, ,909,373,907 Non-controlling interests 0 744,677,140 TOTAL SHAREHOLDER S EQUITY 125,379,059, ,654,051,047 TOTAL LIABILITIES AND SHAREHOLDER S EQUITY 398,436,358, ,525,165,345

70 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 72 STATEMENT OF INCOME(CONSOLIDATED) 31st FY From to th FY From to GIIR Inc. and subsidiaries ACCOUNT 31st FY 30th FY [in Korean Won] I SALES 385,598,132, ,083,884, Production 310,276,001, ,725,466, Media planning and Buying commission 61,921,650,433 65,351,557, Others 13,400,480,941 11,006,860,293 Ⅱ COST OF SALES 266,008,469, ,973,693, Production 253,641,103, ,952,972, Others 12,367,366,132 10,020,721,430 Ⅲ GROSS PROFIT 119,589,662, ,110,190,737 Ⅳ SELLING AND ADMINISTRATIVE EXPENSES 106,750,319,424 97,976,253, Payroll 62,536,813,444 56,095,903, Provision for severance indemnities 3,763,646,322 3,544,646, Fringe benefits 11,180,920,026 10,010,656, Entertainment 1,888,143,812 1,862,359, Depreciation 1,763,056,559 1,625,419, Amortization 810,173, ,349, Taxes and dues 481,055, ,636, Advertising 680,704, ,273, Research Expenses 4,457,820,600 4,514,304, Commission 2,886,485,284 2,866,801, Training 1,018,191, ,137, Insurance 31,493,324 31,403, Overseas Maketing Expenses Water and heating 1,751,049,026 1,680,898, Travel 2,408,005,897 1,911,158, Communication 862,701, ,003, Supplies 535,079, ,915, Books 225,412, ,716, Repair 319,984, ,598, Car maintenance 981,192,233 1,059,541, Rent 5,976,486,820 5,823,510, Bad debts expense 11,890, Recovery of bad debt provision Others 2,173,857,006 2,079,139, Provisions for Restoration 6,155,136 46,139, Recovery of Provisions for Restoration 0 (18,261,551) V OPERATING INCOME 12,839,343,427 16,133,937,515 VI OTHER REVENUES 6,650,280,268 3,595,581, Gain on Foreign Currency Transactions 2,891,506,220 2,276,087, Gain on Foreign Currency Translation 3,209,803, ,035, Gain on disposal of property and equipment 3,182, , Gain on disposal of intangible asset Gain on disposal of other non-financial instruments 0

71 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 7 3 GIIR Inc. (Statement of Income-Continued) ACCOUNT 31st FY 30th FY 6. Others 545,788, ,574, Gain on disposal of subsidiaries equity 0 8. Other non operating revenues 0 [in Korean Won] Ⅶ FINANCIAL INCOME 2,766,209,624 2,781,806, Interest income 1,521,726,533 1,920,947, Gain on Foreign Currency Translation 713,139, ,166, Gain on Foreign Currency Transactions 7,971, , Dividend income 7,421,200 14,842, Gain on disposition of held-for-trading derivative assets 497,294, ,727, Gain on valuation of held-fortrading derivative assets 18,655,477 20,221,667 Ⅷ OTHER COSTS 7,075,852,078 4,698,899, Losses on Foreign currency transactions 3,801,901,191 2,445,514, Losses on Foreign currency translation 2,918,425, ,425, Loss on disposal of property and equipment 3,973,288 87,598, Impairment loss for intangible assets 22,000, Others bad debts expense 2,291, Others 304,710,073 1,165,360, Impairment loss for investment assets 0 8. Donations 22,550,522 55,000, Other non operating expenses (68) Ⅸ FINACIAL EXPENSES 1,940,999,153 1,319,810, Interest expense 813,236, ,711, Impairment loss for available-for-sale financial assets 246,486, Gain/Loss on Foreign currency translation 175,572, ,484, Gain/Loss on Foreign currency transactions 2,445,502 11,256, Gain/Loss on disposition of held-for-trading derivative assets 939,544, ,403, Gain/Loss on valuation of held-for-trading derivative assets 10,201,337 35,468,832 Ⅹ INCOME BEFORE INCOME TAX EXPENSE 13,238,982,088 16,492,614,667 XI INCOME TAX EXPENSE 3,701,527,831 4,122,428,634 ⅩⅡ INCOME FROM CONTINUING OPERATIONS 9,537,454,257 12,370,186,033 ⅩⅢ INCOME FROM DISCONTINUED OPERATIONS 55,421,428 ⅩⅣNET INCOME 9,537,454,257 12,425,607,461 ⅩV INCOME ATTRIBUTABLE TO Income attributable to controlling interest 9,670,789,118 11,960,613,935 Income attributable to non controlling interest (133,334,861) 464,993,526

72 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 74 STATEMENT OF COMPREHENSIVE INCOME(CONSOLIDATED) 31st FY From to th FY From to GIIR Inc. and subsidiaries ACCOUNT 31st FY 30th FY [in Korean Won] I NET INCOME 9,537,454,257 12,425,607,461 Ⅱ OTHER COMPREHENSIVE INCOME (2,355,276,720) (728,614,727) Gain and Loss on valuation of available for sale financial assets 76,408,675 (261,641,827) Gain and Loss on Foreign Currency Translation 178,943,853 (185,372,701) Actuarial gain and loss (2,610,629,248) (281,600,199) Ⅲ TOTAL COMPREHENSIVE INCOME 7,182,177,537 11,696,992,734 Ⅳ TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING 7,320,625,033 11,238,618,177 INTEREST Non-Controlling Interest (138,447,496) 458,374,557

73 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 75 STATEMENT OF CHANGES IN EQUITY(CONSOLIDATED) 31st FY From to th FY From to GIIR Inc. and subsidiaries ACCOUNT (Equity at beginning of period) Comprehensive Income Capital Capital Retained Stock Surplus Earnings [in Korean Won] Accumulated other Elements of other Total Comprehensive stockholder s Non controlling shareholder s Income equity interest equity 17,571,493,000 54,582,336,025 50,073,523,048 (105,279,697) (9,209,787,846) 286,302, ,198,587,113 Net Income ,960,613, ,993,526 12,425,607,461 Losses/Gain on Valuation of Available for Sale Securities (261,641,827) 0 0 (261,641,827) Actuarial gains and losses 0 0 (281,600,199) (281,600,199) Gain/Loss on Foreign currency translation (178,753,732) 0 (6,618,969) (185,372,701) adjustments (Transactions with shareholders directly reflected in the capital:) Dividend Paid 0 0 (3,241,528,800) (3,241,528,800) Substitution for elements of other Stockholder's equity of 0 non-controlling interest Loss on capital trade with non-controlling interest 0 Change of cosolidated range (Equity at the end of period) 17,571,493,000 54,582,336,025 58,511,007,984 (545,675,256) (9,209,787,846) 744,677, ,654,051, (Equity at beginning of the period) 17,571,493,000 54,582,336,025 58,511,007,984 (545,675,256) (9,209,787,846) 744,677, ,654,051,047 Comprehensive Income Net Income 0 0 9,670,789, (133,334,861) 9,537,454,257 Losses/Gain on Valuation of Available for Sale Securities ,408, ,408,675 Actuarial gains and losses 0 0 (2,610,629,248) (2,610,629,248) Gain/Loss on Foreign currency translation adjustments ,056,488 0 (5,112,635) 178,943,853 (Transactions with shareholders directly reflected in the capital:) Dividend Paid 0 0 (3,241,528,800) (3,241,528,800) Substitution for elements of other Stockholder's equity of 0 non-controlling interest Loss on capital trade with non-controlling interest 442,119,349 (51,529,705) (606,229,644) (215,640,000) Change of cosolidated range (Equity at the end of the period) 17,571,493,000 55,024,455,374 62,329,639,054 (336,739,798) (9,209,787,846) 0 125,379,059,784

74 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 76 CASH FLOWS(CONSOLIDATED) 31st FY From to th FY From to GIIR Inc. and subsidiaries ACCOUNT 31st FY 30th FY [in Korean Won] I CASH FLOWS FROM OPERATING ACTIVITIES 6,660,616,055 6,981,062, CASH FLOWS FROM OPERATING ACTIVITIES 10,616,003,335 8,184,218,105 (1) Net Profit 9,537,454,257 12,425,607,461 (2) Adjustments 8,970,470,089 8,816,387,811 Income tax expense 3,701,527,831 4,122,428,634 Provision for severance indemnities 3,763,646,322 3,544,646,461 Depreciation 1,763,056,559 1,625,419,605 Amortization 810,173, ,349,973 Recovery of Bad debts expenses 11,890,887 (5,000,000) Recovery of other Bad debts expenses 2,291,058 0 Gains on disposal of property and equipment (3,182,248) (884,081) Gains on disposal of intangible asset 0 0 Impairment loss for intangible assets 22,000, ,000 Impairment loss for investment assets 3,973,288 87,048,834 Gains on disposal of subsidiaries equity 0 (8,485,090) Provisions for Restoration 6,155,136 27,877,729 Gain on Foreign currency translation (3,922,943,582) (1,208,202,581) Loss on Foreign currency translation 3,093,997,962 1,307,909,457 Loss on valuation of derivative instruments 10,201,337 35,468,832 Loss on trading of derivative instruments 939,544, ,403,683 Gain from revaluation of derivatives (497,294,870) (487,727,575) Gain from transaction of derivatives (18,655,477) (20,221,667) Loss on disposition of held-to-maturity financial assets 0 246,486,449 Interest expenses 813,236, ,711,200 Dividend income (7,421,200) (14,842,400) Interest income (1,521,726,533) (1,922,549,652) (3) Decrease(increase) of Assets and Liabilities (7,891,921,011) (13,057,777,167) Decrease (increase) in trade accounts receivable 7,068,006,544 (25,673,225,754) Decrease (increase) in other receivables 815,345, ,575,095 Decrease (increase) in accrued revenue 0 272,711,274 Decrease (increase) in other current assets (5,554,359,456) (7,750,737,857) Decrease (increase) in trade accounts payable (9,607,898,056) 8,847,218,486 Decrease (increase) in payables (294,105,489) 1,562,396,260 Decrease (increase) in accrued expenses 2,897,144, ,590,401 Decrease (increase) in other current liabilities (672,016,269) 13,303,512,383 Decrease (increase) in other non current liabilities 568,108, ,245,876 Payment of severance benefit (2,309,277,301) (1,829,615,323) Move in(out) from(to) affiliate companies 14,762,093 (452,984,475) Decrease(Increase) of pension operation assets (817,631,054) (2,436,463,533) 2. INTEREST RECEIVED 1,586,005,858 2,453,817, INTEREST PAID (745,711,994) (472,772,176)

75 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 G I I R A n n u a l R e p o r t 7 7 GIIR Inc. (Cash Flows-Continued) ACCOUNT 31st FY 30th FY 4. DIVIDENDS RECEIVED (4,803,102,344) (3,199,043,349) 5. INCOME TAXES PAID 7,421,200 14,842,400 [in Korean Won] Ⅱ CASH FLOWS FROM INVESTING ACTIVITIES 11,356,360,070 6,762,444, CASH INFLOWS FROM INVESTING ACTIVITIES 70,059,085,327 85,365,286,665 Decrease of financial institution deposits 68,120,641,000 84,000,000,000 Decrease from sales of fair value financial asset 517,516, ,033,067 Decrease of long-term loans 0 731,900 Decrease of long-term guarantee deposits 121,671, ,087,112 Proceeds from sales of tangible assets 6,266,627 1,539,119 Proceeds from sales of intangible assets 1,000,000,000 25,000,000 Proceeds of held-to-maturity financial assets 292,990,000 68,140,000 Disposal of held-for-sale assets 0 328,755, CASH OUTFLOWS FROM INVESTING ACTIVITIES (58,702,725,257) (78,602,842,420) Increase of financial institution deposits 53,545,172,447 76,095,000,000 Decrease from sales of fair value financial Liabilities 975,013, ,529,823 Increase of gain and loss realized financial asset 0 Increase of long-term guarantee deposits 568,099,549 63,721,000 Acquirement of financial asset available for sale 50,668,740 0 Purchase of financial assets held to maturity 334,070, ,490,000 Purchase of property, plant and equipment 1,432,416,279 1,391,053,888 Purchase of intangible assets 1,797,285, ,047,709 Ⅲ CASH FLOWS FROM FINANCING ACTIVITIES (2,633,437,544) (2,680,424,879) 1. CASH INFLOWS FROM FINANCING ACTIVITIES 14,837,569,321 1,614,190,743 Increase fo short term borrowings 14,827,569,321 1,614,190,743 Increase fo long term borrowings 10,000, CASH OUTFLOWS FROM FINANCING ACTIVITIES (17,471,006,865) (4,294,615,622) Repayments of short term borrowings 14,013,838,065 1,053,086,822 Acquirement of subsidiary equity 215,640,000 0 Dividends paid 3,241,528,800 3,241,528,800 Ⅳ CASH INCREASE(DECREASE) FROM CHANGE OF COSOLIDATED RANGE 15,383,538,581 11,063,082,106 Ⅴ CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 30,578,045,692 19,845,568,759 Ⅵ EFFECT OF EXCHANGE RATE CHANGES ON CASH 432,365,569 (330,605,173) Ⅶ CASH AND CASH EQUIVALENTS AT END OF PERIOD 46,393,949,842 30,578,045,692

76 G2R 2014AR_( 내지 )_*G2R 2009AR_( 내지 ) 오전 11:17 페이지 78