*G2R 2009AR_(내지)

Transcription

1 *G2R 2012AR_5mm cover_*g2r 2009AR_ 표지 오후 5:39 페이지 G I I R A n n u a l R e p o r t A N N U A L R E P O R T G II R 29 기영업보고서 Annual Report LG Mapo Bldg, 275, Kongdeok-dong, Mapo-gu, Seoul, , Korea tel /2700

2 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 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 ( 대차대조표 ) 손익계산서 포괄손익계산서 자본변동표 이익잉여금처분계산서 ( 안 ) 현금흐름표 재무제표에대한주석 ( 별지참조 ) 8. 연결재무상태표 ( 연결대차대조표 ) 연결손익계산서 연결포괄손익계산서 연결자본변동표 연결현금흐름표 연결재무제표에대한주석 ( 별지참조 ) Business Report (English) 37

3 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 4 주주여러분께드리는말씀 ( 영업개황보고 ) 존경하는주주여러분! 항상지투알과지투알계열회사에변함없는신뢰와성원을보내주시는주주여러분께모든임직원을대표하여깊은감사를드립니다. 2012년국내광고시장은경기회복부진으로전년대비 2.2% 성장에그치며 9조 7천 7백억원을기록했습니다. 지상파TV 의경우민영미디어렙인미디어크리에이트가출범하며광고비수준별맞춤형패키지가도입되는등판매제도의변화가가속화됐지만, MBC의장기파업으로인한시청률하락과다중매체의동시이용가속화로역성장하였으며, 인쇄광고는부동산광고와금융광고등의집행축소가광고액감소의요인이었습니다. 반면 2011년신문광고시장을추월한인터넷광고시장은올해처음으로 TV 광고시장마저넘어서며 No.1 매체로성장했으며, 스마트폰의지속적인증가세와 LTE로의높은전환율에힘입은모바일광고시장은전년대비두배이상성장하며 2,000 억원대의시장으로자리매김했습니다. 어려운여건속에서도지난해지투알은취급고 1조 70억원을달성함으로써전년대비약 10% 성장하며, 지난해약속드린대로 1조원시대를열었습니다. 이는 K2, KB카드, 연합복권, 흥국생명, 대우조선해양건설, 교촌치킨, 광동제약등을신규수주하며보다다양한광고주에게신뢰를얻었기에가능했습니다. 성공캠페인창출에있어서도의미있는결실을거뒀습니다. 싸이의강남스타일을업계최초로접목한 LG유플러스 LTE 캠페인은고객사의 LTE 시장선도를이끌었고, LG 옵티머스G 캠페인은휴대폰명가 LG 재건의신호탄으로언론과소비자의주목을받았습니다. 또한선보이는취항지캠페인마다획기적인아이디어로업계의호평을받아온대한항공캠페인은지난해국내최초로실시간온라인퀴즈쇼를실행하며디지털캠페인의새장을열었습니다. 지투알은국가적이벤트의성공적인개최에도크게기여했습니다. 자회사인 HS애드가기획, 운영을맡았던여수세계박람회한국관은세계최대규모의 360도돔스크린이선사하는입체적인영상으로관람객의시선을사로잡았고, LG 기업관에는총 100만명의관람객이방문하여세계최초의키네틱미디어아트조형물인미디어샹들리에등다양한

4 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 5 체험과볼거리를즐겼습니다. 우리나라에서열린역대최대규모의정상회의인 2012 핵안보정상회의에서도리셉션및문화행사대행을완벽히수행하며축적된경험과전문성을과시했습니다. 서울영상광고제 TVCF 어워즈대상을필두로, 소비자가뽑은좋은광고상, 대한민국광고대상등주요광고제에서대상수상소식이연중이어졌고, 이러한당사의크리에이티브력을인정받아칸국제광고제, 아시아태평양광고제, 모스크바국제광고제등당사크리에이터들의심사위원초청도이뤄졌습니다. 그리고이와같은성과들은 LG가본격적으로광고활동을시작한지 50년이되는역사적전환점에서이뤄냈기에더욱커다란영예입니다. 지투알은최근지난반세기 LG 광고가걸어온도전과혁신의역사와지투알의성공적인성장과정을기록한사사 ( 社史 LG ) 광고반세기 를발간한바있습니다. 국내산업의여명기에선구적인제품개발로국민생활향상과산업발전을이끈 LG가사업규모가커지면서 1962년락희화학내에광고홍보업무를전담하는선전실을발족시킨것이체계적인광고활동의시작이었으며, 이조직은희성산업, LG애드를거쳐오늘날 HS애드와 LBEST를갖춘지투알의토대가되었습니다. 앞으로도지투알은법고창신 ( 法古創新 ) 의정신을살려자랑스럽고찬란했던지난반세기의신화를계승발전시켜나갈것이며, 2013년을새로운 50년을여는원년으로삼아힘찬도약을이뤄낼것입니다. 존경하는주주여러분! LG의모든계열사는 시장선도 와 철저한실행 을올해의경영화두로삼고있습니다. 지투알또한고객사의브랜드마케팅커뮤니케이션을책임지고있는첨병회사로서고객사의제품들이시장을선도하는 No.1이될수있도록최대한의역량을집중할계획입니다. 이를위해 2013년은 창의적인아이디어로시장선도, Total Solution 의제공으로광고주만족도제고, 지투알과자회사간시너지를통한생산성확대등에중점을두고, 끊임없이새로운고객가치를창조하고, 수익모델을극대화해고품질, 고효율의커뮤니케이션을제공할수있도록박차를가할것입니다. 또한지난해뒤셀도르프, 키예프, 방콕등 3개법인을신설하는등지난수년간미래성장의큰축으로꾸준히투자해온글로벌광고대행사업도더욱, 확대발전시켜, 글로벌시장에서도고객사의신뢰받는파트너로서의위상도더욱확고히하겠습니다. 늘관심을갖고지켜봐주시는주주여러분께진심으로감사드리며, 지투알과사업자회사들의모든임직원은 우리가하면무언가다르다 는마음가짐과굳은실천의지를갖고, 각자에게주어진역할에최선을다하겠습니다. 주주여러분의가정에건강과행복이충만하시기를진심으로기원합니다. 감사합니다 년 3 월 15 일주식회사지투알대표이사김종립

5 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 6 영업보고서 회사의개황영업의경과및성과모회사, 자회사및기업결합사항등최근 3년간영업실적및재무상태회사가대처할과제이사와감사의현황대주주현황회사 회사및자회사또는회사의자회사의타회사에대한출자현황주요채권자등결산기후에생긴중요한사실그밖에영업에관한사항으로서중요하다고인정하는사항

6 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 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 영업소의명칭중요사업내용및제품소재지 본사지주회사업서울시마포구공덕동 종업원현황 [2012 년 12 월 31 일현재 ] 구분임원재경인사법무기타계 인원수

7 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 주식에관한사항 1) 발행한주식의종류와수 [2012 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 서울영등포구여의도동 34-6 주식에대한특전 없음 5. 사채에관한사항 해당사항없음

8 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 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 29기 (2012 년 ) 28기 (2011 년 ) 27기 (2010 년 ) 제작매출액 269, , ,247 수입광고대행료 58,917 65,856 55,496 기타매출액 7,652 6,434 8,118 계 335, , ,862

9 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 1 0 Ⅲ. 모회사, 자회사및기업결합사항등 1. 모회사현황 [2012 년 12 월 31 일현재 ] 상호소재지자본금주요업종소유주식수지분율 ( 주 ) 엘지서울시영등포구여의도동 ,359 백만원지주회사 5,798,593 주 35.0% 2. 자회사현황 [2012 년 12월 31일현재 ] 상호 소재지 자본금 주요업종 소유주식수 ( 주 ) 지분율 에이치에스애드 서울시마포구공덕동 275 5,000 백만원 광고 5,000, % 엘베스트 서울시강남구논현동 117 1,000 백만원 광고 200, % 벅스컴애드 서울시마포구공덕동 백만원 광고 200, % 1000 Sylvan Avenue GIIR America. Englewood Cliffs, NJ USA 17th Floor, West Twins Tower, 90만달러 광고 % Yuan Zhi Meng No : 12, Jian Guo Men Wai Road, 50만달러 광고 - 70% Chao Yang District, Beijing, China H-79, L.G.F. KALKAJI GIIR India NEW DELHI DELHI, INDIA 79,018,682 루피 광고 7,901, % One Fleet Place, London, GIIR UK EC4M 7WS 100만달러 광고 642, % 8 Floor, 4, 4 th Lesnoy per., GIIR Rus LLC Moscow, , Russia Edificio Alice Maria Sampaio 87만달러 광고 - 100% Ferreira Av.Eng.Luis Carlos GIIR Brazil Berrini, 1645, cj.102 Saõ Paulo-Brasil 87만달러 광고 - 100% GIIR Thailand Bangkok, Thailand 26백만 Baht 광고 260, % GIIR Germany Dusseldorf, Germany 70만유로 광고 - 100% GIIR Ukraine Kiev, Ukraine 87만달러 광고 - 100%

10 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 모 자회사에대한이사겸직상황 [2012 년 12월 31일현재 ] 성명 모 자회사 직위 역할 ( 주 ) 지투알 사장 대표이사 김종립 ( 주 ) 에이치에스애드 사장 대표이사 ( 주 ) 엘베스트 이사 기타비상무이사 ( 주 ) 벅스컴애드 이사 기타비상무이사 ( 주 ) 지투알 상무 사내이사 김생규 ( 주 ) 벅스컴애드 이사 기타비상무이사 Yuan Zhi Meng 이사 기타비상무이사 ( 주 ) 지투알 이사 기타비상무이사 황현식 ( 주 ) 에이치에스애드 이사 기타비상무이사 ( 주 ) 엘베스트 이사 기타비상무이사 주1) 2013 년 1월 1일자로김종립이사가엘베스트의대표이사로선임되었음 Ⅳ. 최근 3 년간영업실적및재무상태 1. 영업실적 1) 요약손익계산서 [ 금액 : 백만원 ] 제 29 기 제 28 기 제 27 기 항 목 (` ` ) (` ` ) (` ) 영업수익 14,245 16,225 15,416 영업비용 11,975 12,557 12,799 영업이익 ( 손실 ) 2,270 3,668 2,617 기타수익 / 금융수익 2,522 2,607 3,882 기타비용 / 금융비용 22 4,625 0 법인세비용차감전순이익 ( 손실 ) 4,770 1,650 6,499 법인세비용 382 (775) 153 당기순이익 ( 손실 ) 4,388 2,426 6,346

11 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 1 2 2) 요약연결손익계산서 [ 금액 : 백만원 ] 제 29 기 제 28 기 제 27 기 항 목 (` ` ) (` ` ) (` ) 매출액 335, , ,862 매출원가 230, , ,949 매출총이익 ( 손실 ) 105,418 96,993 78,913 판매관리비 90,311 83,436 68,053 영업이익 ( 손실 ) 15,108 13,557 10,860 기타수익 / 금융수익 8,654 7,493 6,806 기타비용 / 금융비용 6,357 10,096 4,310 법인세비용차감전순이익 ( 손실 ) 17,405 10,954 13,356 법인세비용 5,317 4,189 2,363 당기순이익 ( 손실 ) 12,285 7,540 11,482 지배주주 12,272 7, ,612 비지배주주 13 (170) (130) 2. 재무상태 1) 요약재무상태표 [ 금액 : 백만원 ] 제 29 기 제 28 기 제 27 기 항 목 ( ) ( ) ( ) 자산 1. 유동자산 54,466 55,004 56, 비유동자산 47,964 46,893 44,400 자산총계 102, , ,536 부채 1. 유동부채 2,035 2,514 2, 비유동부채 ,085 부채총계 2,771 3,425 3,577 자본

12 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 1 3 요약재무상태표 - 계속 [ 금액 : 백만원 ] 1. 자본금 17,571 17,571 17, 자본잉여금 54,582 54,582 54, 이익잉여금 32,813 31,771 31, 기타포괄손익누계액 (1,491) 5. 기타자본항목 (5,453) (5,453) (5,453) 자본총계 99,659 98,472 96,959 부채와자본총계 102, , ,536 2) 요약연결재무상태표 [ 금액 : 백만원 ] 제 29 기 제 28 기 제 27 기 항 목 ( ) ( ) ( ) 자산 1. 유동자산 339, , , 비유동자산 24,220 23,977 24,324 자산총계 363, , ,191 부채 1. 유동부채 246, , , 비유동부채 4,700 5,354 4,941 부채총계 250, , ,277 자본 1. 지배기업소유주지분 112, , ,827 자본금 17,571 17,571 17,571 연결자본잉여금 54,582 54,582 54,582 연결이익잉여금 50,074 41,928 37,731 연결기타포괄손익누계액 (105) (68) (1,604) 연결기타자본항목 (9,210) (5,453) (5,453) 2. 비지배지분 286 (3,264) (2,913) 자본총계 113, ,297 99,915 부채및자본총계 363, , ,191

13 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 자본변동 1) 요약자본변동표 [ 금액 : 백만원 ] 제 29 기 제 28 기 제 27 기 항 목 (` ` ) (` ` ) (` ) 기초자본 98,472 96,959 88,087 자본의변동 1,187 1,513 8,872 기말자본 99,659 98,472 96,959 2) 요약연결자본변동표 [ 금액 : 백만원 ] 제 29 기 제 28 기 제 27 기 항 목 (` ` ) (` ` ) (` ) 기초자본 105,297 99,915 86,923 자본의변동 7,902 5,382 12,992 기말자본 113, ,297 99, 현금흐름 1) 요약현금흐름표 [ 금액 : 백만원 ] 제 29 기 제 28 기 제 27 기 항 목 (` ` ) (` ` ) (` ) 영업활동으로인한현금흐름 2,975 5,535 4, 당기순이익 4,388 2,426 6,346 투자활동으로인한현금흐름 (68) (4,911) (5,637) 재무활동으로인한현금흐름 (3,242) (2,431) (800) 현금의증가 (335) (1,808) (1,888) 기초현금 762 2,570 4,457 기말현금 ,570

14 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 1 5 2) 요약연결현금흐름표 [ 금액 : 백만원 ] 제 29 기 제 28 기 제 27 기 항 목 (` ` ) (` ` ) (` ) 영업활동으로인한현금흐름 (15,559) 33,667 9, 당기순이익 12,285 7,540 11,482 투자활동으로인한현금흐름 (8,593) (3,901) (7,112) 재무활동으로인한현금흐름 (2,022) (1,340) (15,820) 현금의증가 (26,173) 28,425 (13,311) 기초현금 46,958 18,502 31,782 기말현금 19,846 46,958 18,502 Ⅴ. 회사가대처할과제 본보고사항은 주주여러분께드리는말씀 에포함, 기재되어있습니다.

15 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 1 6 Ⅵ. 이사와감사의현황 [2012 년 12 월 31 일현재 ] 성명 직위 담당업무또는주된업무 회사와의거래관계 김종립 사장 대표이사 없음 김생규 상무 사내이사 없음 황현식 이사 기타비상무이사 없음 로빈스승훈 이사 기타비상무이사 없음 조인수 사외이사 사외이사 없음 이경태 사외이사 사외이사 없음 Ⅶ. 대주주현황 [2012 년 12 월 31 일현재 ] 주주성명 소유주식수 소유비율 회사와의거래관계 ( 주 ) 엘지 5,798, % 없음 Cavendish Square Holding B.V. 4,772, % 없음 황순태 867, % 없음 국민연금 841, % 없음 신영자산운용 787, % 없음

16 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 1 7 Ⅷ. 회사 회사및자회사또는회사의자회사의타회사에대한출자현황 [2012 년 12 월 31 일현재 ] [ 단위 : 주 ] 타회사명칭 투자및출자회사다른회사에출자한당사에출자한타회사의 ( 당사또는자회사 ) 소유주식수소유비율소유주식수소유비율 ( 주 ) 에이치에스애드 ( 주 ) 지투알 5,000, % - - ( 주 ) 엘베스트 ( 주 ) 지투알 200, % - - GIIR America,Inc. ( 주 ) 지투알 % - - GIIR India ( 주 ) 지투알 7,901, % - - GIIR UK ( 주 ) 지투알 642, % - - GIIR Rus LLC ( 주 ) 지투알 % - - GIIR Brazil ( 주 ) 지투알 % - - Yuan Zhi Meng ( 주 ) 지투알 % - - GIIR Thailand ( 주 ) 지투알 260, % - - GIIR Germany ( 주 ) 지투알 % - - GIIR Ukraine ( 주 ) 지투알 % - - ( 주 ) 벅스컴애드 ( 주 ) 지투알 200, % - - 우리투자증권 ( 주 ) ( 주 ) 지투알 148, % - - Ⅸ. 주요채권자등 해당사항없음 Ⅹ. 결산기후에생긴중요한사실 년 12 월 27 일청산종결된 지아웃도어는 2013 년 2 월 4 일공정위계열분리승인되었음. - 벅스컴애드는 1 월 24 일해산결의주주총회를통해청산절차진행중임 - 에이치에스애드와엘베스트는 2 월 12 일이사회를통해엘베스트의 BTL 사업부문을분할하여에이치에스애드가분할부문을합병하는분할 합병결의를하였음. 합병예정일자는 2013 년 4 월 1 일자임 ⅩⅠ. 그밖에영업에관한사항으로서중요하다고인정하는사항 해당사항없음

17 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 18 감사보고서 감사위원회의감사보고서감사위원회의내부회계관리제도평가보고서외부감사인의감사보고서외부감사인의연결감사보고서

18 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 1 9 감사위원회의감사보고서 본감사위원회는제 29 기사업년도 (2012 년 1 월 1 일부터 2012 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 21 일 주식회사지투알감사위원장이경태 위원조인수 위원로빈스승훈

19 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 2 0 감사위원회의내부회계관리제도평가보고서 주식회사지투알주주및이사회귀중 본감사위원회는 2012 년 12 월 31 일현재동일자로종료하는회계연도에대한당사의내부회계관리제도의설계및운영 실태를평가하였습니다. 내부회계관리제도의설계및운영에대한책임은내부회계관리자를포함한회사의경영진에있습니다. 본감사위원회는내부회계관리자가본감사위원회에게제출한내부회계관리제도운영실태평가보고서를참고로, 회사의내부회계관리제도가신뢰할수있는재무제표의작성및공시를위하여재무제표의왜곡을초래할수있는오류나부정행위를예방하고적발할수있도록효과적으로설계및운영되고있는지의여부에대하여평가하였습니다. 본감사위원회는내부회계관리제도의설계및운영실태를평가함에있어내부회계관리제도모범규준을평가기준으로 사용하였습니다. 본감사위원회의내부회계관리제도운영실태평가결과, 2012 년 12 월 31 일현재당사의내부회계관리제도는내부회계 관리제도모범규준에근거하여볼때, 중요성의관점에서효과적으로설계되어운영되고있다고판단됩니다 년 2 월 21 일 주식회사지투알감사위원장이경태 위원조인수 위원로빈스승훈

20 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 2 1 외부감사인의감사보고서 본감사인은첨부된주식회사지투알의 2012 년 12월 31일과 2011 년 12월 31일현재의재무상태표와 2012 년 12월 31일과 2011 년 12월 31일로종료되는양회계연도의손익계산서, 포괄손익계산서, 자본변동표및현금흐름표를감사하였습니다. 이재무제표를작성할책임은회사경영자에게있으며본감사인의책임은동재무제표에대하여감사를실시하고이를근거로이재무제표에대하여의견을표명하는데있습니다. 본감사인은한국의회계감사기준에따라감사를실시하였습니다. 이기준은본감사인이재무제표가중요하게왜곡표시되지아니하였다는것을합리적으로확신하도록감사를계획하고실시할것을요구하고있습니다. 감사는재무제표상의금액과공시내용을뒷받침하는감사증거에대하여시사의방법을적용하여검증하는것을포함하고있습니다. 또한감사는재무제표의전반적인표시내용에대한평가뿐만아니라재무제표작성을위해경영자가적용한회계원칙과유의적회계추정에대한평가를포함하고있습니다. 본감사인이실시한감사가감사의견표명을위한합리적인근거를제공하고있다고본감사인은믿습니다. 본감사인의의견으로는상기재무제표는주식회사지투알의 2012 년 12 월 31 일과 2011 년 12 월 31 일현재의재무상태와 2012 년 12 월 31 일과 2011 년 12 월 31 일로종료되는양회계연도의재무성과및현금흐름의내용을한국채택국제회계 기준에따라중요성의관점에서적정하게표시하고있습니다.

21 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 2 2 외부감사인의감사보고서 다음은감사의견에는영향이없지만감사보고서이용자의합리적인의사결정에참고가되는사항입니다. (1) 종속기업의사업철수및매각결의 재무제표에대한주석 10 에서설명하고있는바와같이, 회사는 2012 년 7 월 5 일에종속기업인주식회사알키미디어에 대한지분을전액매각하였으며, 2012 년 12 월 27 일에종속기업인주식회사지아웃도어를청산완료하였습니다. (2) 특수관계자와의거래 재무제표에대한주석 35 에서설명하고있는바와같이회사는당기중특수관계자와의거래가발생하였으며, 당기말 현재관련채권ㆍ채무가존재하고있습니다 년 2 월 14 일 삼정회계법인대표이사 김교태 이감사보고서는감사보고서일 (2013 년 2 월 14 일 ) 현재로유효한것입니다. 따라서감사보고서일이후이보고서를열람하는시점까지의기간사이에첨부된회사의연결재무제표에중대한영향을미칠수있는사건이나상황이발생할수도있으며이로인하여이감사보고서가수정될수도있습니다.

22 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 2 3 외부감사위원회의연결감사보고서 본감사인은첨부된주식회사지투알과그종속기업의 2012 년 12월 31일과 2011 년 12월 31일현재의연결재무상태표와 2012 년 12월 31일과 2011 년 12월 31일로종료되는양회계연도의연결손익계산서, 연결포괄손익계산서, 연결자본변동표및연결현금흐름표를감사하였습니다. 이연결재무제표를작성할책임은회사경영자에게있으며본감사인의책임은동연결재무제표에대하여감사를실시하고이를근거로이연결재무제표에대하여의견을표명하는데있습니다. 본감사인은한국의회계감사기준에따라감사를실시하였습니다. 이기준은본감사인이연결재무제표가중요하게왜곡표시되지아니하였다는것을합리적으로확신하도록감사를계획하고실시할것을요구하고있습니다. 감사는연결재무제표상의금액과공시내용을뒷받침하는감사증거에대하여시사의방법을적용하여검증하는것을포함하고있습니다. 또한감사는연결재무제표의전반적인표시내용에대한평가뿐만아니라연결재무제표작성을위해경영자가적용한회계원칙과유의적회계추정에대한평가를포함하고있습니다. 본감사인이실시한감사가감사의견표명을위한합리적인근거를제공하고있다고본감사인은믿습니다. 본감사인의의견으로는상기연결재무제표는주식회사지투알과그종속기업의 2012 년 12 월 31 일과 2011 년 12 월 31 일 현재의재무상태와 2012 년 12 월 31 일과 2011 년 12 월 31 일로종료되는양회계연도의재무성과및현금흐름의내용을 한국채택국제회계기준에따라중요성의관점에서적정하게표시하고있습니다.

23 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 2 4 외부감사인의감사보고서 다음은감사의견에는영향이없지만감사보고서이용자의합리적인의사결정에참고가되는사항입니다. (1) 종속기업의매각및청산 연결재무제표에대한주석 39 에서설명하고있는바와같이, 회사는 2012 년 7 월 5 일에종속기업인주식회사알키미디어에 대한지분을전량매각하였으며, 2012 년 12 월 27 일에종속기업인주식회사지아웃도어를청산완료하였습니다. (2) 특수관계자와의거래 연결재무제표에대한주석 38 에서설명하고있는바와같이, 회사는당기중특수관계자와의거래가발생하였으며, 당기 말현재관련채권ㆍ채무가존재하고있습니다 년 2 월 14 일 삼정회계법인대표이사 김교태 이감사보고서는감사보고서일 (2013 년 2 월 14 일 ) 현재로유효한것입니다. 따라서감사보고서일이후이보고서를열람하는시점까지의기간사이에첨부된회사의연결재무제표에중대한영향을미칠수있는사건이나상황이발생할수도있으며이로인하여이감사보고서가수정될수도있습니다.

24 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 25 결산보고서 재무상태표 ( 대차대조표 ) 손익계산서포괄손익계산서자본변동표이익잉여금처분계산서 ( 안 ) 현금흐름표재무제표에대한주석 ( 별지참조 ) 연결재무상태표 ( 연결대차대조표 ) 연결손익계산서연결포괄손익계산서연결자본변동표연결현금흐름표연결재무제표에대한주석 ( 별지참조 )

25 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 26 재무상태표 ( 대차대조표 ) 제 29 기 2012 년 12 월 31 일현재 / 제 28 기 2011 년 12 월 31 일현재 주식회사지투알 [ 단위 : 원 ] 과목 제 29기 제 28기 자산 Ⅰ 유동자산 54,465,724,113 55,004,130,105 현금및현금성자산 427,226, ,696,210 금융기관예치금 49,000,000,000 51,000,000,000 미수금및기타채권 4,562,775,537 2,834,607,706 선급법인세 185,736, ,190,160 기타유동자산 289,985, ,636,029 Ⅱ 비유동자산 47,964,203,179 46,892,799,845 장기금융기관예치금 2,500,000 2,500,000 매도가능금융자산 1,758,824,400 1,573,294,400 장기미수금및기타채권 194,286, ,032,000 종속기업투자 42,294,125,033 41,004,337,578 유형자산 902,713, ,427,512 무형자산 2,069,735,802 1,983,927,001 이연법인세자산 596,702, ,159,450 기타비유동자산 145,316, ,121,904 매각예정비유동자산 - - 자산총계 102,429,927, ,896,929,950 부채 Ⅰ 유동부채 2,034,800,323 2,514,328,888 미지급금및기타채무 1,878,883,931 2,376,193,509 기타유동부채 155,916, ,135,379 Ⅱ 비유동부채 736,601, ,923,056 장기미지급금및기타채무 145,316, ,121,904 확정급여채무 457,520, ,227,031 기타비유동부채 133,764, ,574,121 부채총계 2,771,401,520 3,425,251,944 자본 Ⅰ 자본금 17,571,493,000 17,571,493,000 Ⅱ 자본잉여금 54,582,336,025 54,582,336,025 Ⅲ 이익잉여금 32,813,319,995 31,771,185,629 Ⅳ 기타포괄손익누계액 144,713,400 - Ⅴ 기타자본 (5,453,336,648) (5,453,336,648) 자본총계 99,658,525,772 98,471,678,006 부채및자본총계 102,429,927, ,896,929,950

26 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 27 손익계산서 제 29 기 2012 년 1 월 1 일부터 2012 년 12 월 31 일까지제 28 기 2011 년 1 월 1 일부터 2011 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 제 29기 제 28기 Ⅰ 영업수익 14,244,842,360 16,224,860,023 Ⅱ 영업비용 11,975,047,846 12,557,327,621 Ⅲ 영업이익 2,269,794,514 3,667,532,402 Ⅳ 금융수익 1,955,905, ,010,080,652 Ⅴ 금융비용 5,658,641 3,854,726,568 Ⅵ 기타영업외수익 566,495, ,249,508 Ⅶ 기타영업외비용 16,763, ,940,511 Ⅷ법인세비용차감전순이익 4,769,772,836 1,650,195,483 Ⅸ 법인세비용 ( 수익 ) 382,152,040 (775,348,488) Ⅹ 당기순이익 4,387,620,796 2,425,543,971 XI 주당이익기본주당순이익 271원 150원 희석주당순이익 271원 150원 포괄손익계산서 제 29 기 2012 년 1 월 1 일부터 2012 년 12 월 31 일까지제 28 기 2011 년 1 월 1 일부터 2011 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 제 29기 제 28기 Ⅰ 당기순이익 4,387,620,796 2,425,543,971 Ⅱ 기타포괄이익 40,755,770 1,518,276,202 매도가능금융자산의공정가치변동 144,713,400 1,491,399,964 보험수리적손익 (103,957,630) 26,876,238 Ⅲ 총포괄이익 4,428,376,566 3,943,820,173

27 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 28 자본변동표 제 29 기 2012 년 1 월 1 일부터 2012 년 12 월 31 일까지제 28 기 2011 년 1 월 1 일부터 2011 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 자본금 자본잉여금 이익잉여금 기타포괄손익누계액 기타자본항목 자본총계 ( 전기초 ) 17,571,493,000 54,582,336,025 31,749,912,020 (1,491,399,964) (5,453,336,648) 96,959,004,433 총포괄손익 당기순이익 - - 2,425,543, ,425,543,971 매도가능금융자산평가손익 ,491,399,964-1,491,399,964 보험수리적손익 ,876, ,876,238 자본에직접반영된주주와의거래 배당금지급 - - (2,431,146,600) - - (2,431,146,600) ( 전기말 ) 17,571,493,000 54,582,336,025 31,771,185,629 - (5,453,336,648) 98,471,678, ( 당기초 ) 17,571,493,000 54,582,336,025 31,771,185,629 - (5,453,336,648) 98,471,678,006 총포괄손익 당기순이익 - - 4,387,620, ,387,620,796 매도가능금융자산평가손익 ,713, ,713,400 보험수리적손익 - - (103,957,630) - - (103,957,630) 자본에직접반영된주주와의거래 배당금지급 - - (3,241,528,800) - - (3,241,528,800) ( 당기말 ) 17,571,493,000 54,582,336,025 32,813,319, ,713,400 (5,453,336,648) 99,658,525,772 이익잉여금처분계산서 ( 안 ) 제 29 기 2012 년 1 월 1 일 ~12 월 31 일까지처분예정일 2013 년 3 월 15 일제 28 기 2011 년 1 월 1 일 ~12 월 31 일까지처분확정일 2012 년 3 월 16 일 주식회사지투알 [ 단위 : 원 ] 과목 제 29기 제 28기 Ⅰ 미처분이익잉여금 9,713,710,530 8,995,729,044 전기이월미처분이익잉여금 5,430,047,364 6,543,308,835 당기순이익 4,387,620,796 2,425,543,971 보험수리적손익 (103,957,630) 26,876,238 Ⅱ 이익잉여금처분액 3,565,681,680 3,565,681,680 배당금 3,241,528,800 3,241,528,800 이익준비금 324,152, ,152,880 Ⅲ 차기이월미처분이익잉여금 6,148,028,850 5,430,047,364

28 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 29 현금흐름표 제 29 기 2012 년 1 월 1 일부터 2012 년 12 월 31 일까지제 28 기 2011 년 1 월 1 일부터 2011 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 제 29 기 제 28 기 Ⅰ 영업활동현금흐름 2,974,970,767 5,534,544, 영업에서창출된현금 (2,595,967,650) (1,705,827,593) (1) 당기순이익 4,387,620,796 2,425,543,971 (2) 조정 (4,064,286,780) (3,015,754,260) 법인세비용 382,152,040 (775,348,488) 퇴직급여 810,576, ,087,464 감가상각비 327,527, ,293,832 외화환산손실 1,061,061 - 유형자산처분손실 123, ,750 무형자산상각비 554,191, ,248,958 매도가능금융자산손상차손 - 3,846,365,620 잡손실 - 12,205,800 대손충당금환입 (4,000,000) (394,434,964) 투자자산감액손실 4,000,000 - 종속기업주식처분손실 - 601,443,749 종속기업주식처분이익 (180,598,768) (8,570,964) 복구충당부채전입액 1,585,217 1,524,247 외화환산이익 (468,205) - 이자수익 (1,921,299,392) (1,894,551,324) 배당금수익 (4,034,137,520) (5,821,966,940) 유형자산처분이익 (4,999,273) (2,246,000) (3) 자산및부채의증감 (2,919,301,666) (1,115,617,304) 미수금의감소 ( 증가 ) (1,584,682,722) (145,592,538) 선급금의감소 ( 증가 ) (129,723,658) - 기타유동자산의감소 ( 증가 ) 10, 151, 111 (158,162,810) 미지급금의증가 ( 감소 ) (68,180,582) 150,870,346 미지급비용의증가 ( 감소 ) (165,300,122) 64,671,679 기타유동부채의증가 ( 감소 ) 17,781,013 (143,805,910) 퇴직금의지급 (760,042,318) (469,691,404) 관계사전입 ( 전출 ) 액 (20,974,131) (18,123,617) 퇴직연금운용자산의감소 ( 증가 ) (156,935,756) (365,295,286) 기타비유동부채의증가 ( 감소 ) (61,394,501) (30,487,764) 2. 이자의수취 1,520,147,233 1,828,373, 배당금의수취 4,034,137,520 5,821,966, 법인세의환급 ( 지급 ) 16,653,664 (409,968,860)

29 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 3 0 현금흐름표 - 계속 [ 단위 : 원 ] 과목 제 29기 제 28기 Ⅱ 투자활동현금흐름 (68,379,834) (4,911,347,539) 1. 투자활동으로인한현금유입액 113,890,453,524 50,790,653,158 금융기관예치금의감소 113,020,006,251 50,000,000,000 종속기업주식의처분 714,000, ,000,000 장기대여금의회수 - 539,283,158 장기보증금의감소 1,246,000 8,430,000 무형자산의처분 150,000,000 40,690,000 유형자산의처분 5,201,273 2,250, 투자활동으로인한현금유출액 (113,958,833,358) (55,702,000,697) 종속기업주식의취득 1,823,188,687 3,135,992,697 금융기관예치금의증가 111,020,006,251 51,000,000,000 장기보증금의증가 1,500,000 - 유형자산의취득 324,138, ,708,000 무형자산의취득 790,000, ,300,000 Ⅲ 재무활동현금흐름 (3,241,528,800) (2,431,146,600) 1. 재무활동으로인한현금유입액 재무활동으로인한현금유출액 (3,241,528,800) (2,431,146,600) 배당금의지급 3,241,528,800 2,431,146,600 Ⅳ 현금의증가 ( 감소 ) (334,937,867) (1,807,950,022) Ⅴ 기초의현금 761,696,210 2,569,646,232 Ⅵ 외화표시현금의환율변동효과 468,205 - Ⅶ기말의현금 427,226, ,696,210

30 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 31 연결재무상태표 ( 연결대차대조표 ) 제 29 기 2012 년 12 월 31 일현재제 28 기 2011 년 12 월 31 일현재 주식회사지투알 [ 단위 : 원 ] 과목 제 29기 제 28기 자산 Ⅰ 유동자산 339,692,433, ,712,726,576 현금및현금성자산 19,845,568,759 46,957,532,053 금융기관예치금 57,000,000,000 53,150,000,000 당기손익인식금융자산 14,305,492 14,006,380 만기보유금융자산 68,140,000 1,285,000 매출채권및기타채권 254,772,469, ,832,988,806 선급법인세 588,044, ,859,562 기타유동자산 7,075,058,869 5,907,719,377 매각예정자산 328,846, ,335,398 Ⅱ 비유동자산 24,220,156,297 23,976,899,153 장기금융기관예치금 18,500,000 21,500,000 매도가능금융자산 2,359,261,530 2,173,731,530 만기보유금융자산 792,290, ,430,000 장기매출채권및기타채권 3,664,623,204 3,568,939,024 유형자산 3,787,720,051 3,458,145,103 무형자산 11,723,493,414 11,196,602,020 이연법인세자산 1,874,268,098 2,697,551,476 자산총계 363,912,589, ,689,625,729 부채 Ⅰ 유동부채 246,014,488, ,039,019,098 당기손익인식금융부채 3,126, ,441 매입채무및기타채무 219,297,121, ,693,520,146 단기차입금 2,733,881,106 1,156,483,912 미지급법인세 1,794,379,451 2,800,832,882 기타유동부채 22,032,217,258 20,232,080,166 매각예정부채 153,763, ,882,551 Ⅱ 비유동부채 4,699,513,890 5,353,506,356 장기매입채무및기타채무 58,752,901 - 장기차입금 - 579,772,264 기타비유동부채 966,753, ,498,296 확정급여채무 3,674,007,397 3,776,235,796 부채총계 250,714,002, ,392,525,454 자본 Ⅰ 지배기업소유주지분 112,912,284, ,560,799,059 자본금 17,571,493,000 17,571,493,000 연결자본잉여금 54,582,336,025 54,582,336,025 연결이익잉여금 50,073,523,048 41,928,220,780 연결기타포괄손익누계액 (105,279,697) (67,914,098) 연결기타자본항목 (9,209,787,846) (5,453,336,648) II 비지배지분 286,302,583 (3,263,698,784) 자본총계 113,198,587, ,297,100,275 부채및자본총계 363,912,589, ,689,625,729

31 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 32 연결손익계산서 제 29 기 2012 년 1 월 1 일부터 12 월 31 일까지제 28 기 2011 년 1 월 1 일부터 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 제 29기 제 28기 Ⅰ 매출액 335,845,836, ,079,348,902 Ⅱ 매출원가 230,427,374, ,085,936,037 Ⅲ 매출총이익 105,418,461,583 96,993,412,865 Ⅳ 판매비와관리비 90,310,546,681 83,436,002,081 Ⅴ 영업이익 15,107,914,902 13,557,410,784 Ⅵ 금융수익 3,024,969,799 3,263,832,826 Ⅶ 금융비용 1,108,965,908 5,111,770,188 Ⅷ 기타영업외수익 5,629,089,805 4,229,264,312 Ⅸ 기타영업외비용 5,248,207,977 4,984,462,157 Ⅹ 법인세비용차감전순이익 17,404,800,621 10,954,275,577 Ⅺ 법인세비용 5,316,884,648 4,188,776,595 XII 계속사업당기순이익 12,087,915,973 6,765,498,982 XIII 중단영업손익 ( 법인세효과차감후 ) 197,040, ,588,379 XIV 당기순이익 12,284,956,565 7,540,087,361 XV 당기순이익의귀속지배기업의소유주 12,271,856,220 7,710,515,240 비지배지분 13,100,345 (170,427,879) XVI 주당이익기본주당순이익 계속사업이익 중단영업이익 희석주당순이익 계속사업이익 중단영업이익 12 48

32 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 33 연결포괄손익계산서 제 29 기 2012 년 1 월 1 일부터 12 월 31 일까지제 28 기 2011 년 1 월 1 일부터 12 월 31 일까지 주식회사지투알과그종속기업 [ 단위 : 원 ] 과목 제 29기 제 28기 Ⅰ 당기순이익 12,284,956,565 7,540,087,361 Ⅱ 기타포괄이익 ( 손실 ) 매도가능금융자산의공정가치변동 144,713,400 1,491,399,964 해외사업환산손익 (202,266,629) 65,183,518 보험수리적손익 (885,025,152) (674,868,301) Ⅲ 총포괄이익 11,342,378,184 8,421,802,542 Ⅳ 총포괄이익의귀속지배기업의소유주 11,349,465,469 8,572,073,460 비지배지분 (7,087,285) (150,270,918)

33 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 34 연결자본변동표 제 29 기 2012 년 1 월 1 일부터 2012 년 12 월 31 일까지제 28 기 2011 년 1 월 1 일부터 2011 년 12 월 31 일까지 주식회사지투알과그종속기업 [ 단위 : 원 ] 과목연결자본금연결자본잉여금연결이익잉여금연결기타포괄연결기타비지배지분자본총계손익누계액자본항목 ,571,493,000 54,582,336,025 37,730,921,482 (1,604,340,619) (5,453,336,648) (2,912,527,866) 99,914,545,374 ( 제28 기기초 ) 총포괄손익 당기순이익 ( 손실 ) - - 7,710,515, (170,427,879) 7,540,087,361 매도가능금융자산평가손익 ,491,399, ,491,399,964 보험수리적손익 - - (674,868,301) (674,868,301) 해외사업환산손익 ,026,557-20,156,961 65,183,518 자본에직접반영된주주와의거래 배당금지급 - - (2,431,146,600) - - (200,900,000) (2,632,046,600) 종속기업의처분에따른변동 ( 제28 기기말 ) ( 제29 기기초 ) 총포괄손익 - - (407,201,041) (407,201,041) 17,571,493,000 54,582,336,025 41,928,220,780 (67,914,098) (5,453,336,648) (3,263,698,784) 105,297,100,275 17,571,493,000 54,582,336,025 41,928,220,780 (67,914,098) (5,453,336,648) (3,263,698,784) 105,297,100,275 당기순이익 ( 손실 ) ,271,856, ,100,345 12,284,956,565 매도가능금융자산 ,713, ,713,400 평가손익 보험수리적손익 - - (885,025,152) (885,025,152) 해외사업환산손익 (182,078,999) - (20,187,630) (202,266,629) 자본에직접반영된주주와의거래 배당금지급 - - (3,241,528,800) (3,241,528,800) 비지배지분의기타자본항목대체 (3,752,451,198) 3,752,451,198 - 비지배주주와의자본거래손실 (4,000,000) - (4,000,000) 종속기업의처분에따른변동 (195,362,546) (195,362,546) ( 제29 기기말 ) 17,571,493,000 54,582,336,025 50,073,523,048 (105,279,697) (9,209,787,846) 286,302, ,198,587,113

34 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 35 연결현금흐름표 제 29 기 2012 년 1 월 1 일부터 2012 년 12 월 31 일까지제 28 기 2011 년 1 월 1 일부터 2011 년 12 월 31 일까지 주식회사지투알과그종속기업 [ 단위 : 원 ] 과목 제 29 기 제 28 기 Ⅰ 영업활동현금흐름 (15,558,919,854) 33,667,195, 영업에서창출된현금 (12,000,127,961) 35,380,766,595 (1) 당기순이익 12,284,956,565 7,540,087,361 (2) 조정 9,464,248,190 10,602,359,713 법인세비용 5,316,884,648 4,202,776,590 퇴직급여 3,954,040,365 3,482,123,883 감가상각비 1,427,328,813 1,430,273,893 무형자산상각비 690,646, ,489,591 대손상각비 ( 환입 ) (69,559,493) (1,291,385,948) 기타의대손상각비 ( 환입 ) 78,386,343 - 유형자산처분손실 243,201,839 37,864,840 유형자산처분이익 (23,032,628) (6,037,000) 무형자산처분이익 (35,672,727) - 무형자산손상차손 - 594,348,755 투자자산감액손실 340,165,774 - 종속기업주식처분이익 (510,663,472) - 복구충당부채전입액 35,857,923 8,452,522 외화환산이익 (2,290,016,415) (977,765,207) 외화환산손실 2,589,599, ,827,940 파생상품평가손실 3,126, ,441 파생상품처분손실 136,302, ,216,830 파생상품평가이익 (14,305,492) (14,006,380) 파생상품처분이익 (235,684,712) (470,947,035) 만기보유금융자산처분손실 1,059, ,092 매도가능금융자산손상차손 - 3,846,365,620 이자비용 334,697, ,133,909 이자수익 (2,473,976,494) (2,298,339,191) 배당금수익 (34,137,520) (112,866,940) 잡손실 - 13,488,508 (3) 자산및부채의증감 (33,749,332,716) 17,238,319,521 매출채권의감소 ( 증가 ) (27,801,007,265) (24,524,403,066) 미수금의감소 ( 증가 ) (868,898,815) 542,997,129 미수수익의감소 ( 증가 ) (273,675,442) (41,662,993) 기타유동자산의감소 ( 증가 ) (1,540,973,935) (459,797,337) 매입채무의증가 ( 감소 ) (426,655,206) 44,504,310,151 미지급금의증가 ( 감소 ) 683,680, ,137,183 미지급비용의증가 ( 감소 ) (578,727,138) 979,456,096 기타유동부채의증가 ( 감소 ) 2,248,885, ,094,824 기타비유동부채의증가 ( 감소 ) 337,970 (165,093,953) 퇴직금의지급 (3,481,028,528) (3,049,305,009) 관계사전입 ( 전출 ) 액 (59,091,738) 190,862,449 퇴직연금운용자산의감소 ( 증가 ) (1,652,178,785) (1,537,275,953)

35 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 3 6 현금흐름표 - 계속 [ 단위 : 원 ] 과목 제 29기 제 28기 2. 이자의수취 2,036,425,460 2,257,134, 이자의지급 (329,075,350) (370,387,334) 4. 배당금의수취 34,137, ,866, 법인세의지급 (5,300,279,523) (3,713,184,997) Ⅱ 투자활동현금흐름 (8,592,585,256) (3,901,353,373) 1. 투자활동으로인한현금유입액 117,140,665,980 52,149,119,747 금융기관예치금의감소 116,020,006,251 50,696,500,000 당기손익인식금융자산의감소 249,691,092 54,723,166 당기손익인식금융부채의증가 - 120,443,352 장기보증금의감소 558,068, ,197,634 유형자산의처분 34,101,548 6,367,522 무형자산의처분 277,272,727 40,690,000 만기보유금융자산의처분 1,525,653 7,374,908 매각예정자산의감소 - 836,823, 투자활동으로인한현금유출액 (125,733,251,236) (56,050,473,120) 금융기관예치금의증가 120,020,006,251 51,000,000,000 당기손익인식금융부채의감소 136,521,518 14,006,380 장기보증금의증가 785,527,580 1,364,779,128 장기대여금의증가 50,000,000 - 만기보유금융자산의취득 1,300,000 - 유형자산의취득 1,999,255,595 2,708,589,821 무형자산의취득 1,593,739, ,555,298 복구비용의발생 88,000,000 - 매각예정자산의증가 192,577,103 - 종속기업의현금흐름변동 ( 주40) 866,323, ,542,493 Ⅲ 재무활동현금흐름 (2,021,895,959) (1,340,397,815) 1. 재무활동으로인한현금유입액 3,235,280,823 1,633,318,785 단기차입금의증가 3,235,280,823 1,156,252,973 장기차입금의증가 - 477,065, 재무활동으로인한현금유출액 (5,257,176,782) (2,973,716,600) 단기차입금의상환 2,015,647, ,670,000 배당금의지급 3,241,528,800 2,632,046,600 Ⅳ 현금의증가 ( 감소 )(Ⅰ+Ⅱ+Ⅲ+Ⅳ) (26,173,401,069) 28,425,444,755 Ⅴ 기초의현금 46,957,532,053 18,502,108,701 Ⅵ 외화표시현금의환율변동효과 (938,562,225) 29,978,597 Ⅶ기말의현금 19,845,568,759 46,957,532,053

36 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 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 44 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 51 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 Balance Sheet(Consolidated) Statement of Income(Consolidated) Statement of Comprehensive Income(Consolidated) Statement of changes in Equity(Consolidated) Cash Flows(Consolidated) 67

37 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 38 To Our Shareholders (Business report) Dear Shareholders! On behalf of our entire staff, I would like to express my deepest gratitude for your continued interest in and support of GIIR and GIIR s affiliated companies. The domestic advertising market in 2012 increased by just 2.2% due to the slow recovery from the recession. Total advertisement spend was around 9 trillion 770 billion won. In terms of land-based television, Mediacre8, a private media rep, was launched and changes in the sales system were accelerated including the adoption of customized packages by advertisement expense level. But the market has decreased due to falling ratings caused by the MBC strike as well as the acceleration of simultaneous use of multimedia. The reduction in real estate and finance industry advertisement led to a decrease in the printed advertising market. Meanwhile, the internet advertising market, which had already overtaken newspaper advertisement market in 2011, finally outstripped the TV advertising market in 2012 and became the leading media. The mobile advertising market has grown to more than twice the size of last year s and was 200 billion won, with help from the continuous growth of the smart phone market and its high conversion rate to LTE. Despite tough market conditions, GIIR achieved 1 trillion 7 billion won in billings which is about 10% growth from last year and which opened the door to the era of 1 trillion won in billings, as I promised last year. We had such an achievement because we earned more business from our various clients and obtained new contracts such as K2, KB Card, Korea Union Lottery, Heungkuk Life Insurance, DSME Construction, Kyochon Chicken, and Kwangdong Pharmaceutical. There were many successful campaigns. The LTE campaign for LG U+ was the first to be combined with Psy s Gangnam Style and it earned LG the leading position of LTE market. The LG Optimus G campaign grabbed the media s and customer s attention and helped restore LG s reputation as the leading LG cellular phone.the Korean Airline campaign, which has been favorably recognized with epoch-making ideas for each campaign for each destination city, opened a new chapter in digital campaigns as a real time online quiz show-the first time in Korea. GIIR contributed to successfully host national events as well. The Korean Pavilion in Expo 2012 Yeosu Korea was planned, organized and operated by HS Ad, which is one of the GIIR s affiliated companies,

38 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 39 and 3D images from the world s biggest 360 degree dome screen captured the attention of the audience. One million people visited LG Pavilion to experience and to enjoy various attractions including the Media Chandelier, the world s very first kinetic media art sculpture. Also, accumulated experience and professionalism flourished at The 2012 Nuclear Security Summit, the largest summit in Korean history, through the perfect execution of the reception and cultural events. Starting from the winning of the Grand Prix at the TVCF Awards, we won major advertising festivals all year long such as Good Ad-Customer s Choice Award, Korea Advertising Awards. Our creatives are highly recognized so our creative directors were invited to be members of judging panels for Cannes International Advertising Festival, ADFEST and Moscow International Advertising Festival. Such achievements are significant honors because now is the turning point in the 50 years of LG s regular advertisement activities. GIIR published the company history book A Half-Century of LG Advertising, which contains the challenges and innovations of LG advertising for a half-century as well as the successful growth process of GIIR. LG has been a pioneer in the Korean industry since the dawning of the domestic industry. The first step in systematic advertising activity was the launching of the PR department to be responsible for advertising & public relations of Rakhee Chemical in The department became Heesung Industry and later LG Ad and then finally the foundation of today s GIIR along with HS Ad and LBEST. GIIR will continue to succeed and further progress it in the spirit of Creating New based on the Good Old. Also, GIIR will make a huge leap in 2013 as the first year of another 50-year-era. All the LG affiliated companies aim at Market Leading and Perfect Execution as their business targets this year. Spearheading the efforts to be responsible for brand marketing communication for clientele, GIIR will concentrate all efforts on making their products the No. 1 in the market. In 2013, GIIR will focus on: leading markets with creative ideas; boosting advertisers satisfaction by providing total solutions; expanding productivity through the synergy effects of GIIR and our affiliate companies; creating new customer values continuously; and maximizing profit models to provide high quality and highly effective communications. Also, for years we have constantly invested in our future growth. Last year, we launched three subsidiaries in Dusseldorf, Kiev and Bangkok. We will develop and expand continuously and will be a trusted partner in the global market. Thank you for your constant support. All the employees of GIIR and its affiliated companies will do their best to get the job done with a firm belief that It is different when WE do it. We wish you good health and happiness for all of your families. Thank you. March 15 th, 2013 Representative Director of GIIR Inc., Jong Ripp Kim

39 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 40 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 and Interlocking Directorate of the Company 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 29th Fiscal Year Other Important Matters Related to Operation

40 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 4 1 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., 275 Kongdeok-dong, Mapo-gu, Seoul 3. State of employees [As of December 31, 2012] Classification Executive Finance HR Legal Others Total Number

41 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 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, 2012] 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 34-6, Yoido-dong, Youngdungpo-gu, Seoul None 5. Matters about bonds Not relevant

42 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 4 3 II. Progress and results of operation 1. Sales(Consolidated) [unit : KRW million] Classification 29th (2012) 28th (2011) 27th (2010) Production 269, , ,247 Media planning and Buying commission 58,917 65,856 55,496 Other 7,652 6,434 8,118 Total 335, , ,862

43 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 4 4 III. Parent Company, Subsidiary, and interlocking directorate of the Company etc. 1. State of parent company [As of December 31, 2012] Name Location capital Main business Number of share Ratio LG Corp. Yeiodo-dong, M KRW Holding Youngdeungpo-gu 20, Seoul 879,359 Company 5,798, % 2. State of subsidiary company [As of December 31, 2012] Subsidiary Relation with the Company Name Location Paid-in capital Main business Number of stock Ratio HS Ad Inc. LBEST LTD. 275 Kongdeok-dong, Mapo-gu, Seoul 117 Nonhyun-dong, Kangnam-gu, Seoul KRW 5 b KRW 1 b Advertising Advertising 5,000,000 Shares 200,000 Shares BugsCom Ad 275 Kongdeok-dong, 200,000 KRW 100 m Advertising Inc. Mapo-gu, Seoul Shares GIIR America, 1000 Sylvan Avenue Englewood 900 USD 0.9 m Advertising Inc. Cliffs, NJ USA Shares 100% 100% 100% 100% 17th Floor, West Twins Tower, Yuan Zhi Meng No:12, Jian Guo Men Wai Road, USD 0.5 m Advertising 70% Chao Yang District, Beijing, China GIIR India GIIR UK GIIR Rus LLC H-79, L.G.F. KALKAJI INR 7,901,868 Advertising NEW DELHI DELHI, INDIA 79,018,682 Shares One Fleet Place, London, EC4M 7WS 8 Floor, 4, 4th Lesnoy per., Moscow, , Russia USD 1.0 m Advertising 642,691 Shares 100% 100% USD 0.87 m Advertising 100% Edificio Alice Maria Sampaio GIIR Brazil Ferreira Av.Eng.Luis Carlos Berrini, USD 0.87 m Advertising 100% 1645, cj.102 São Paulo - Brasil GIIR Thailand GIIR Germany GIIR Ukraine BangKok, Thailand Dusseldorf, Germany Kiev, Ukraine Baht 26 m Advertising 260,000 Shares 100% 0.7 m Advertising 100% USD 0.87 m Advertising 100%

44 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 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, 2012] Name Company Position Duty GIIR Inc. President CEO Jong Ripp Kim HS Ad Inc. President CEO LBEST LTD. Director Non-Standing Director BugsCom Ad Inc. Director Non-Standing Director GIIR Inc. CFO Director Saeng Gyu Kim BugsCom Ad Inc. Director Non-Standing Director Yuan Zhi Meng Director Non-Standing Director GIIR Inc. Director Non-Standing Director Hyeon Sik Hwang HS Ad Inc. Director Non-standing Director LBest LTD. Director Non-standing Director Note 1) Director Jong Ripp Kim was appointed as Representative Director of LBEST on Jan. 1 st, IV. Operation results and financial condition for recent 3 years 1. Operation Results 1) Statement of Income [unit : KRW million] Classification 29th 28th 27th ' ' ' ' ' ' Operating Revenue 14,245 16,225 15,416 Operating Expenses 11,975 12,557 12,799 Operating Profit 2,270 3,668 2,617 Other & Financial Income 2,522 2,607 3,882 Other & Financial Expenses 22 4,625 0 Profit(Loss) Before Tax 4,770 1,650 6,499 Income Taxes Expenses 382 (775) 153 Net Income 4,388 2,426 6,346

45 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 4 6 2) Statement of Income(Consolidated) [unit : KRW million] Classification 29th 28th 27th ' ' ' ' ' ' Sales 335, , ,862 Cost of sales 230, , ,949 Gross profit 105,418 96,993 78,913 Selling general administrative expenses 90,311 83,436 68,053 Operating Profit(Loss) 15,108 13,557 10,860 Other & Financial Income 8,654 7,493 6,806 Others & Financial Expenses 6,357 10,096 4,310 Profit(Loss) Before Tax 17,405 10,954 13,356 Income Taxes Expense 5,317 4,189 2,363 Net Profit(Losses) 12,285 7,540 11,482 Controlling interest 12,272 7,711 11,612 Non-controlling interest 13 (170) (130) 2. Financial condition 1) Balance Sheet(Statement of Financial Position) [unit : KRW million] Assets Classification 29th 28th 27th ' ' ' Current assets 54,466 55,004 56, Non-current assets 47,964 46,893 44,400 Total assets 102, , ,536 Liabilities 1. Current liabilities 2,035 2,514 2, Non-current liabilities ,085 Total liabilities 2,771 3,425 3,577 Equity 1. Issued capital 17,571 17,571 17, Capital surplus 54,582 54,582 54,582

46 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 4 7 Balance Sheet - Continued [unit : KRW million] 3. Retained earnings 32,813 31,771 31, Accumulated Other Comprehensive Income (1,491) 5. Elements of other stockholder's equity (5,453) (5,453) (5,453) Total equity 99,659 98,472 96,959 Total equity and liabilities 102, , ,536 2) Statement of Financial Position (Consolidated) [unit : KRW million] Assets Classification 29th 28th 27th ' ' ' Current assets 339, , , Non-current assets 24,220 23,977 24,324 Total assets 363, , ,191 Liabilities 1. Current liabilities 246, , , Non-current liabilities 4,700 5,354 4,941 Total liabilities 250, , ,277 Equity 1. Equity attributable to owners of parent 112, , ,827 Issued capital 17,571 17,571 17,571 Capital surplus 54,582 54,582 54,582 Retained earnings 50,074 41,928 37,731 Accumulated Other Comprehensive Income Elements of other stockholder's equity (105) (68) (1,604) (9,210) (5,453) (5,453) 2. Non-controlling interests 286 (3,264) (2,913) Total equity 113, ,297 99,915 Total equity and liabilities 363, , ,191

47 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 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 29th 28th 27th ' ' ' ' ' ' Equity at beginning of period 98,472 96,959 88,087 Changes in Equity 1,187 1,513 8,872 Equity at end of period 99,659 98,472 96,959 2) Statement of Changes in Equity(Consolidated) [unit : KRW million] Classification 29th 28th 27th ' ' ' ' ' ' Equity at beginning of period 105,297 99,915 86,923 Changes in Equity 7,902 5,382 12,992 Equity at end of period 113, ,297 99, Cash Flows 1) Cash Flows [unit : KRW million] Classification Cash Flows from Operating Activities 29th 28th 27th ' ' ' ' ' ' ,975 5,535 4, Net Profit 4,388 2,426 6,346 Cash Flows from Investing Activities Cash Flows from Financing Activities (68) (4,911) (5,637) (3,242) (2,431) (800) Net increase(decrease) in cash (335) (1,808) (1,888) Cash at beginning of period 762 2,570 4,457 Cash at end of period ,570

48 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 4 9 2) Cash Flows(Consolidated) [unit : KRW million] Classification Cash Flows from Operating Activities 29th 28th 27th ' ' ' ' ' ' (15,559) 33,667 9, Net Profit 12,285 7,540 11,482 Cash Flows from Investing Activities Cash Flows from Financing Activities (8,593) (3,901) (7,112) (2,022) (1,340) (15,820) Net increase(decrease) in cash (26,173) 28,425 (13,311) Cash at beginning of period 46,958 18,502 31,782 Cash at end of period 19,846 46,958 18,502 V. Assignment of the Company The reporting matters were included in and stated in To Our Shareholders.

49 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 5 0 VI. Present state of director and auditor [As of December 31, 2012] Name Position Duty Transaction with the Company Jong Ripp Kim President CEO None Saeng Gyu Kim CFO Director None Hyeon Sik Hwang Director Non-standing Director None Robbins Sung Hun Director Non-standing Director None In Soo Cho Outside Director Outside Director None Kyung Tae Lee Outside Director Outside Director None VII. Present state of major shareholder [As of December 31, 2012] Name Number of shares Ratio Transaction with the Company LG Corp. 5,798, % None Cavendish Square Holding B.V. 4,772, % None Soon-Tae Hwang 867, % None National Pension Service 841, % None Shinyoung IM 787, % None

50 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 5 1 VIII. Investment state of the Company and subsidiary company or subsidiary company of the Company [As of December 31, 2012], [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. 5,000, % - - LBEST LTD. GIIR Inc. 200, % - - GIIR America, Inc. GIIR Inc % - - GIIR India GIIR Inc 7,901, % GIIR UK GIIR Inc 642, % GIIR Rus LLC GIIR Inc % GIIR Brazil GIIR Inc % Yuan Zhi Meng GIIR Inc % - - GIIR Thailand GIIR Inc 260, % - - GIIR Germany GIIR Inc % - - GIIR Ukraine GIIR Inc % - - BugsCom Ad Inc. GIIR Inc 200, % - - Woori I&S GIIR Inc 148, % - - IX. Main creditor etc. Not relevant X. Important matters occurred after the accounting period - Liquidation process for G-outdoor was completed, that completion date is registered as the date of December 27th, 2012 and separated from LG Group on Feb. 4th, Liquidation process for BugsCom Ad is in progress since AGM(Dissolution resolution, Jan. 24th, 2013) - HS Ad and LBEST approved the split & merger plan at BOD on Feb. 12nd, 2013 as follow: 1) LBEST split the BTL business 2) HS Ad merge the BTL business of LBEST XI. Other matters acknowledged important related to operation Nothing to report

51 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 52 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

52 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 5 3 Audit Report Audit Committee report the following audit result on accounting and business of the 29th fiscal year from January 1, 2012 to December 31, 2011 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. 4. Matters on Business Report The general condition of the Company is indicated accurately in the business report under law and the Articles. February 21 st, 2013 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

53 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 5 4 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 2012 is being operated in an efficient manner. February 21 st, 2013 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

54 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 55 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)

55 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 56 BALANCE SHEET 29th FY As of December 31, th FY As of December 31, 2011 GIIR Inc. ACCOUNT 29th(2012) 28th(2011) ASSETS [in Korean Won] I CURRENT ASSETS 54,465,724,113 55,004,130,105 Cash and cash equivalents 427,226, ,696,210 Deposit in Financial Institutions 49,000,000,000 51,000,000,000 Other Account Receivables 4,562,775,537 2,834,607,706 Prepaid corporate income tax 185,736, ,190,160 Other Current Assets 289,985, ,636,029 II NON-CURRENT ASSETS 47,964,203,179 46,892,799,845 Long term Deposit in Financial Institutions 2,500,000 2,500,000 Available-for-sale securities 1,758,824,400 1,573,294,400 Long-term loans and Receivables 194,286, ,032,000 Subsidiaries' equity 42,294,125,033 41,004,337,578 Property, Plant, and Equipment 902,713, ,427,512 Intangibles 2,069,735,802 1,983,927,001 Deferred income taxes 596,702, ,159,450 Other Non-Current Assets 145,316, ,121,904 Held-for-sale assets - - TOTAL ASSETS 102,429,927, ,896,929,950 LIABILITIES I CURRENTS LIABILITIES 2,034,800,323 2,514,328,888 Other Account Payables 1,878,883,931 2,376,193,509 Other current liabilities 155,916, ,135,379 II NON CURRENTS LIABILITIES 736,601, ,923,056 Long-term trade payables and others 145,316, ,121,904 Provisions for Retirement and Severance Benefits 457,520, ,227,031 Other non current liabilities 133,764, ,574,121 TOTAL LIABILITIES 2,771,401,520 3,425,251,944 SHAREHOLDER'S EQUITY I CAPITAL STOCK 17,571,493,000 17,571,493,000 II CAPITAL SURPLUS 54,582,336,025 54,582,336,025 III RETAINED EARNINGS 32,813,319,995 31,771,185,629 IV V ACCUMULATED OTHER COMPREHENSIVE INCOME 144,713,400 - ELEMENTS OF OTHER STOCKHOLDER'S EQUITY (5,453,336,648) (5,453,336,648) TOTAL SHAREHOLDER'S EQUITY 99,658,525,772 98,471,678,006 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 102,429,927, ,896,929,950

56 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 57 STATEMENT OF INCOME 29th FY From to th FY From to GIIR Inc. ACCOUNT 29th(2012) 28th(2011) I OPERATING REVENUE 14,244,842,360 16,224,860,023 II OPERATING EXPENSES 11,975,047,846 12,557,327,621 [in Korean Won] III OPERATING PROFIT 2,269,794,514 3,667,532,402 IV FINANCAIL INCOME 1,955,905,117 2,010,080,652 V FINANCAIL EXPENSES 5,658,641 3,854,726,568 VI OTHER NON OPERATING REVENUES 566,495, ,249,508 VII OTHER NON OPERATING EXPENSES 16,763, ,940,511 VIII INCOME BEFORE INCOME TAX EXPENSE 4,769,772,836 1,650,195,483 IX INCOME TAX EXPENSE 382,152,040 (775,348,488) X NET INCOME 4,387,620,796 2,425,543,971 XI EARNINGS PER SHARE Basic earnings per share Diluted earnings per share STATEMENT OF COMPREHENSIVE INCOME 29th FY From to th FY From to GIIR Inc. ACCOUNT 29th(2012) 28th(2011) [in Korean Won] I NET INCOME 4,387,620,796 2,425,543,971 II OTHER COMPREHENSIVE INCOME 40,755,770 1,518,276,202 Gain on valuation and Available for sale financial assets 144,713,400 1,491,399,964 Actuarial gains and losses (103,957,630) 26,876,238 III OTHER COMPREHENSIVE INCOME 4,428,376,566 3,943,820,173

57 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 58 STATEMENT OF CHANGES IN EQUITY 29th FY From to th FY From to GIIR Inc. [in Korean Won] Accumulated Elements of other Elements of other ACCOUNT Capital Stock Capital Surplus Retained Earnings other stockholder's stockholder's Comprehensive equity equity (Equity at beginning of period) 17,571,493,000 54,582,336,025 31,749,912,020 (1,491,399,964) (5,453,336,648) 96,959,004,433 COMEPREHENSIVE INCOME Net income - - 2,425,543, ,425,543,971 Losses/Gain on Valuation of Available for Sale Securities ,491,399,964-1,491,399,964 Actuarial gains and losses ,876, ,876,238 TRANSACTIONS WITH SHAREHOLDERS DIRECTLY REFLECTED IN THE CAPITAL Dividend Paid - - (2,431,146,600) - - (2,431,146,600) (Equity at end of period) 17,571,493,000 54,582,336,025 31,771,185,629 - (5,453,336,648) 98,471,678, (Equity at beginning of period)17,571,493,000 54,582,336,025 31,771,185,629 - (5,453,336,648) 98,471,678,006 COMEPREHENSIVE INCOME Net income - - 4,387,620, ,387,620,796 Losses/Gain on Valuation of Available for Sale Securities ,713, ,713,400 Actuarial gains and losses - - (103,957,630) - - (103,957,630) 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 32,813,319, ,713,400 (5,453,336,648) 99,658,525,772

58 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 59 STATEMENT OF APPROPRIATION OF RETAINED EARNINGS(PROPOSAL) 29th FY From to (Expected Date of Appropriation : ) 28th FY From to (Date of Appropriation : ) GIIR Inc. [in Korean Won] ACCOUNT 29th(2012) 28th(2011) I RETAINED EARNING BEFORE APPROPRIATION 9,713,710,530 8,995,729,044 Unappropriated earnings carried over from previous year 5,430,047,364 6,543,308,835 Net Income 4,387,620,796 2,425,543,971 Actuarial gains and losses (103,957,630) 26,876,238 II APPROPRIATIONS OF RETAINED EARNINGS 3,565,681,680 3,565,681,680 Dividends 3,241,528,800 3,241,528,800 Earned surplus reserve 324,152, ,152,880 III UNAPPROPRIATED RETAINED EARNINGS TO BE CARRIED 6,148,028,850 5,430,047,364 FORWARD TO SUBSEQUENT YEAR

59 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 60 CASH FLOWS 29th FY From to th FY From to GIIR Inc. ACCOUNT 29th(2012) 28th(2011) [in Korean Won] I CASH FLOWS FROM OPERATING ACTIVITIES 2,974,970,767 5,534,544, CASH FLOWS FROM OPERATING ACTIVITIES (2,595,967,650) (1,705,827,593) (1) Net Profit 4,387,620,796 2,425,543,971 (2) Adjustments (4,064,286,780) (3,015,754,260) Income tax expense 382,152,040 (775,348,488) Provision for severance indemnities 810,576, ,087,464 Depreciation 327,527, ,293,832 Losses on Foreign currency translation 1,061,061 - Losses on disposal of property and equipment 123, ,750 Amortization 554,191, ,248,958 Impairment loss for available-for-sale financial assets - 3,846,365,620 Other Losses - 12,205,800 Recovery of other Bad debts expenses (4,000,000) (394,434,964) Impairment loss for investment assets 4,000,000 - Loss on disposal of subsidiaries equity - 601,443,749 Gain on disposal of subsidiaries equity (180,598,768) (8,570,964) (Recovery of) Provisions for Restoration 1,585,217 1,524,247 Gain on Foreign currency translation (468,205) - Interest income (1,921,299,392) (1,894,551,324) Dividend income (4,034,137,520) (5,821,966,940) Gain on disposal of property and equipment (4,999,273) (2,246,000) (3) Decrease(increase) of Assets and Liabilities (2,919,301,666) (1,115,617,304) Decrease (increase) in other receivables (1,584,682,722) (145,592,538) Decrease (increase) in Advanve payments (129,723,658) - Decrease (increase) in other current assets 10,151,111 (158,162,810) Decrease (increase) in payables (68,180,582) 150,870,346 Decrease (increase) in accrued expenses (165,300,122) 64,671,679 Decrease (increase) in other current liabilites 17,781,013 (143,805,910) Payment of severance benefit (760,042,318) (469,691,404) Move in(out) from(to) affiliate companies (20,974,131) (18,123,617) Decrease(Increase) of pension operation assets (156,935,756) (365,295,286) Decrease (increase) in other non current liabilites (61,394,501) (30,487,764) 2. INTEREST RECEIVED 1,520,147,233 1,828,373, DIVIDENDS RECEIVED 4,034,137,520 5,821,966, INCOME TAXES PAID (REFUND) 16,653,664 (409,968,860)

60 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 6 1 GIIR Inc. (Cash Flows-Continued) ACCOUNT 29th(2012) 28th(2011) [in Korean Won] Ⅱ CASH FLOWS FROM INVESTING ACTIVITIES (68,379,834) (4,911,347,539) 1. CASH INFLOWS FROM INVESTING ACTIVITIES 113,890,453,524 50,790,653,158 Decrease of financial institution deposits 113,020,006,251 50,000,000,000 Disposal of investments in subsidiaries 714,000, ,000,000 Decrease of long-term loans - 539,283,158 Decrease of long-term guarantee deposits 1,246,000 8,430,000 Proceeds from sales of intangible assets 150,000,000 40,690,000 Proceeds from sales of tangible assets 5,201,273 2,250, CASH OUTFLOWS FROM INVESTING ACTIVITIES (113,958,833,358) (55,702,000,697) Purchase of investments in subsidiaries 1,823,188,687 3,135,992,697 Increase of financial institution deposits 111,020,006,251 51,000,000,000 Increase of long-term guarantee deposits 1,500,000 - Purchase of property, plant and equipment 324,138, ,708,000 Purchase of intangible assets 790,000, ,300,000 Ⅲ CASH FLOWS FROM FINANCING ACTIVITIES (3,241,528,800) (2,431,146,600) 1. CASH INFLOWS FROM FINANCING ACTIVITIES CASH OUTFLOWS FROM FINANCING ACTIVITIES (3,241,528,800) (2,431,146,600) Dividends paid 3,241,528,800 2,431,146,600 IV NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(I+Ⅱ+Ⅲ) Ⅴ CASH AND CASH EQUIVALENTS AT (334,937,867) (1,807,950,022) BEGINNING OF PERIOD Ⅵ EFFECT OF EXCHANGE RATE CHANGES 761,696,210 2,569,646,232 ON CASH Ⅶ CASH AND CASH EQUIVALENTS AT END 468,205 - OF PERIOD 427,226, ,696,210

61 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 62 BALANCE SHEET(CONSOLIDATED) 29th FY As of December 31, th FY As of December 31, 2011 GIIR Inc. ACCOUNT 29th(2012) 28th(2011) ASSETS [in Korean Won] I CURRENT ASSETS 339,692,433, ,712,726,576 Cash and cash equivalents 19,845,568,759 46,957,532,053 Deposit in Financial Institutions 57,000,000,000 53,150,000,000 Fair value financial asset 14,305,492 14,006,380 Financial asset held to maturity 68,140,000 1,285,000 Trade and Other Receivables 254,772,469, ,832,988,806 Prepaid corporate income tax 588,044, ,859,562 Other Current Assets 7,075,058,869 5,907,719,377 Held-for-sale assets 328,846, ,335,398 II NON-CURRENT ASSETS 24,220,156,297 23,976,899,153 Long term Deposit in Financial Institutions 18,500,000 21,500,000 Available-for-sale securities 2,359,261,530 2,173,731,530 Financial asset held to maturity 792,290, ,430,000 Long Term Trade Receivables and Others 3,664,623,204 3,568,939,024 Property, Plant, and Equipment 3,787,720,051 3,458,145,103 Intangibles 11,723,493,414 11,196,602,020 Deferred income taxes 1,874,268,098 2,697,551,476 TOTAL ASSETS 363,912,589, ,689,625,729 LIABILITIES I CURRENTS LIABILITIES 246,014,488, ,039,019,098 Fair value financial liabilities 3,126, ,441 Trade and Other Payables 219,297,121, ,693,520,146 Short term borrowings 2,733,881,106 1,156,483,912 Income tax payable 1,794,379,451 2,800,832,882 Other non current liabilities 22,032,217,258 20,232,080,166 Held-for-sale Liabilities 153,763, ,882,551 II NON CURRENTS LIABILITIES 4,699,513,890 5,353,506,356 Long-term trade payables and others 58,752,901 - Long term borrowings - 579,772,264 Other non current liabilities 966,753, ,498,296 Provisions for Retirement and Severance Benefits 3,674,007,397 3,776,235,796 TOTAL LIABILITIES 250,714,002, ,392,525,454 SHAREHOLDER'S EQUITY I CONTROLLING INTEREST 112,912,284, ,560,799,059 Capital Stock 17,571,493,000 17,571,493,000

62 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 6 3 GIIR Inc. (Balance Sheet-Continued) ACCOUNT 29th(2012) 28th(2011) Capital Surplus 54,582,336,025 54,582,336,025 Retained Earnings 50,073,523,048 41,928,220,780 Accumulated other Comprehensive Income (105,279,697) (67,914,098) Elements of other stockholder's equity (9,209,787,846) (5,453,336,648) [in Korean Won] II NON CONTROLLING INTEREST 286,302,583 (3,263,698,784) TOTAL SHAREHOLDER'S EQUITY 113,198,587, ,297,100,275 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 363,912,589, ,689,625,729

63 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 64 STATEMENT OF INCOME(CONSOLIDATED) 29th FY From to th FY From to GIIR Inc. ACCOUNT 29th(2012) 28th(2011) I SALES 335,845,836, ,079,348,902 Ⅱ COST OF SALES 230,427,374, ,085,936,037 [in Korean Won] Ⅲ GROSS PROFIT 105,418,461,583 96,993,412,865 Ⅳ Selling and administrative expenses 90,310,546,681 83,436,002,081 V OPERATING PROFIT 15,107,914,902 13,557,410,784 VI FINANCAIL INCOME 3,024,969,799 3,263,832,826 Ⅶ FINANCAIL EXPENSES 1,108,965,908 5,111,770,188 ⅦI OTHER NON OPERATING REVENUES 5,629,089,805 4,229,264,312 Ⅸ OTHER NON OPERATING EXPENSES 5,248,207,977 4,984,462,157 Ⅹ INCOME BEFORE 17,404,800,621 10,954,275,577 INCOME TAX EXPENSE XI INCOME TAX EXPENSE 5,316,884,648 4,188,776,595 ⅩII INCOME FROM CONTINUING 12,087,915,973 6,765,498,982 OPERATIONS ⅩⅢ INCOME FROM DISCONTINUED 197,040, ,588,379 OPERATIONS(AFTER TAX) ⅩⅣNET INCOME 12,284,956,565 7,540,087,361 ⅩV INCOME ATTRIBUTABLE TO Controlling interest 12,271,856,220 7,710,515,240 Non Controlling interest 13,100,345 (170,427,879) ⅩⅥ EARNINGS PER SHARE Basic earnings per share Income from continuing operations Income from discontinued operations Diluted earnings per share Income from continuing operations Income from discontinued operations 12 48

64 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 65 STATEMENT OF COMPREHENSIVE INCOME(CONSOLIDATED) 29th FY From to th FY From to GIIR Inc. ACCOUNT 29th(2012) 28th(2011) [in Korean Won] I NET INCOME 12,284,956,565 7,540,087,361 Ⅱ OTHER COMPREHENSIVE INCOME Gain on valuation and Available 144,713,400 1,491,399,964 for sale financial assets Gain on Foreign currency (202,266,629) 65,183,518 translation adjustments Actuarial gains and losses (885,025,152) (674,868,301) Ⅲ TOTAL COMREHENSIVE INCOME 11,342,378,184 8,421,802,542 Ⅳ COMPREHENSIVE INCOME ATTRIBUTABLE Controlling intrest 11,349,465,469 8,572,073,460 Non controlling intrest (7,087,285) (150,270,918)

65 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 66 STATEMENT OF CHANGES IN EQUITY(CONSOLIDATED) 29th FY From to th FY From to GIIR Inc. ACCOUNT Capital Stock Capital Surplus (Equity at beginning of period) COMEPREHENSIVE INCOME Retained Earnings [in Korean Won] Accumulated other Elements of Elements of Comprehensive other Non controlling other Income stockholder's equity interest stockholder's 17,571,493,000 54,582,336,025 37,730,921,482 (1,604,340,619) (5,453,336,648) (2,912,527,866) 99,914,545,374 Net income - - 7,710,515, (170,427,879) 7,540,087,361 Losses/Gain on Valuation of Available for Sale Securities ,491,399, ,491,399,964 Actuarial gains and losses - - (674,868,301) (674,868,301) Gain/Loss on Foreign currency translation TRANSACTIONS WITH SHAREHOLDERS DIRECTLY REFLECTED IN THE CAPITAL ,026,557-20,156,961 65,183,518 Dividend Paid - - (2,431,146,600) - - (200,900,000) (2,632,046,600) Change of cosolidated range - - (407,201,041) (407,201,041) (Equity at end of period) 17,571,493,000 54,582,336,025 41,928,220,780 (67,914,098) (5,453,336,648) (3,263,698,784) 105,297,100, (Equity at beginning of period) 17,571,493,000 54,582,336,025 41,928,220,780 (67,914,098) (5,453,336,648) (3,263,698,784) 105,297,100,275 COMEPREHENSIVE INCOME Net income ,271,856, ,100,345 12,284,956,565 Losses/Gain on Valuation of Available for Sale Securities ,713, ,713,400 Actuarial gains and losses - - (885,025,152) (885,025,152) Gain/Loss on Foreign currency translation (182,078,999) - (20,187,630) (202,266,629) TRANSACTIONS WITH SHAREHOLDERS DIRECTLY REFLECTED IN THE CAPITAL Dividend Paid - - (3,241,528,800) (3,241,528,800) Replace of other capital items of non-controlling (3,752,451,198) 3,752,451,198 - interests Loss on capital transactions with non-controlling (4,000,000) - (4,000,000) shareholders Change of cosolidated range (195,362,546) (195,362,546) (Equity at end of period) 17,571,493,000 54,582,336,025 50,073,523,048 (105,279,697) (9,209,787,846) 286,302, ,198,587,113

66 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 67 CASH FLOWS(CONSOLIDATED) 29th FY From to th FY From to GIIR Inc. ACCOUNT 29th(2012) 28th(2011) [in Korean Won] I CASH FLOWS FROM OPERATING ACTIVITIES (15,558,919,854) 33,667,195, CASH FLOWS FROM OPERATING ACTIVITIES (12,000,127,961) 35,380,766,595 (1) Net Profit 12,284,956,565 7,540,087,361 (2) Adjustments 9,464,248,190 10,602,359,713 Income tax expense 5,316,884,648 4,202,776,590 Provision for severance indemnities 3,954,040,365 3,482,123,883 Depreciation 1,427,328,813 1,430,273,893 Amortization 690,646, ,489,591 Recovery of Bad debts expenses (69,559,493) (1,291,385,948) Recovery of other Bad debts expenses 78,386,343 - Losses on disposal of property and equipment Gains on disposal of property and 243,201,839 37,864,840 equipment (23,032,628) (6,037,000) Gains on disposal of intangible asset (35,672,727) - Impairment loss for intangible assets - 594,348,755 Impairment loss for investment assets 340,165,774 - Gains on disposal of subsidiaries equity (510,663,472) - Provisions for Restoration 35,857,923 8,452,522 Gain on Foreign currency translation (2,290,016,415) (977,765,207) Loss on Foreign currency translation 2,589,599, ,827,940 Loss on valuation of derivative instruments 3,126, ,441 Loss on trading of derivative instruments 136,302, ,216,830 Gain on valuation of derivative instruments (14,305,492) (14,006,380) Gain on trading of derivative instruments (235,684,712) (470,947,035) Loss on disposition of held-to-maturity financial assets Impairment Loss of available-for-sale 1,059, ,092 financial assets - 3,846,365,620 Interest expenses 334,697, ,133,909 Interest income (2,473,976,494) (2,298,339,191) Dividend income (34,137,520) (112,866,940) Other Losses - 13,488,508 (3) Decrease(increase) of Assets and Liabilities (33,749,332,716) 17,238,319,521 Decrease (increase) in trade accounts receivable (27,801,007,265) (24,524,403,066)

67 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 6 8 GIIR Inc. (Cash Flows-Continued) [in Korean Won] ACCOUNT 29th(2012) 28th(2011) Decrease (increase) in other receivables (868,898,815) 542,997,129 Decrease (increase) in accrued revenue (273,675,442) (41,662,993) Decrease (increase) in other current assets (1,540,973,935) (459,797,337) Decrease (increase) in trade accounts payable (426,655,206) 44,504,310,151 Decrease (increase) in other payables 683,680, ,137,183 Decrease (increase) in accrued expenses (578,727,138) 979,456,096 Decrease (increase) in other current liabilites 2,248,885, ,094,824 Decrease (increase) in other non current liabilites 337,970 (165,093,953) Payment of severance benefit (3,481,028,528) (3,049,305,009) Move in(out) from(to) affiliate companies (59,091,738) 190,862,449 Decrease(Increase) of pension operation assets (1,652,178,785) (1,537,275,953) 2. INTEREST RECEIVED 2,036,425,460 2,257,134, INTEREST PAID (329,075,350) (370,387,334) 4. DIVIDENDS RECEIVED 34,137, ,866, INCOME TAXES PAID (5,300,279,523) (3,713,184,997) Ⅱ CASH FLOWS FROM INVESTING ACTIVITIES (8,592,585,256) (3,901,353,373) 1. CASH INFLOWS FROM INVESTING ACTIVITIES 117,140,665,980 52,149,119,747 Decrease of financial institution deposits 116,020,006,251 50,696,500,000 Decrease from sales of fair value financial asset 249,691,092 54,723,166 Increase from sales of fair value financial Liabilities - 120,443,352 Decrease of long-term guarantee deposits 558,068, ,197,634 Proceeds from sales of tangible assets 34,101,548 6,367,522 Proceeds from sales of intangible assets 277,272,727 40,690,000 Proceeds of held-to-maturity financial assets 1,525,653 7,374,908 Disposal of held-for-sale assets - 836,823, CASH OUTFLOWS FROM INVESTING ACTIVITIES (125,733,251,236) (56,050,473,120) Increase of financial institution deposits 120,020,006,251 51,000,000,000 Decrease from sales of fair value financial Liabilities 136,521,518 14,006,380 Increase of long-term guarantee deposits 785,527,580 1,364,779,128 Increase of long-term loans 50,000,000 - Purchase of financial assets held to maturity 1,300,000 -

68 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 G I I R A n n u a l R e p o r t 6 9 GIIR Inc. (Cash Flows-Continued) ACCOUNT 29th(2012) 28th(2011) Purchase of property, plant and equipment 1,999,255,595 2,708,589,821 Purchase of intangible assets 1,593,739, ,555,298 Cost of Recovery 88,000,000 - Increase of held for sate assets 192,577,103 - Changes in the cash flow of the subsidiary 866,323, ,542,493 [in Korean Won] Ⅲ CASH FLOWS FROM FINANCING ACTIVITIES (2,021,895,959) (1,340,397,815) 1. CASH INFLOWS FROM FINANCING ACTIVITIES 3,235,280,823 1,633,318,785 Increase fo short term borrowings 3,235,280,823 1,156,252,973 Increase fo long term borrowings - 477,065, CASH OUTFLOWS FROM FINANCING ACTIVITIES (5,257,176,782) (2,973,716,600) Repayments of short term borrowings 2,015,647, ,670,000 Dividends paid 3,241,528,800 2,632,046,600 Ⅳ NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(I+Ⅱ+Ⅲ+Ⅳ) Ⅴ CASH AND CASH EQUIVALENTS AT (26,173,401,069) 28,425,444,755 BEGINNING OF PERIOD Ⅵ EFFECT OF EXCHANGE RATE CHANGES 46,957,532,053 18,502,108,701 ON CASH Ⅶ CASH AND CASH EQUIVALENTS AT END OF (938,562,225) 29,978,597 PERIOD 19,845,568,759 46,957,532,053

69 *G2R 2012AR_( 내지 )_*G2R 2009AR_( 내지 ) 오후 5:38 페이지 70