*G2R 2011AR_ 표지 :*G2R 2009AR_ 표지 12. 3. 9. 오? 5:53 페이지 1 2 0 1 1 G I I R A n n u a l R e p o r t 2 0 1 1 A n n u A l R e p o R t 2 0 1 1 G II R 28 기영업보고서 Annual Report LG Mapo Bldg, 275, Kongdeok-dong, Mapo-gu, Seoul, 121-721, Korea tel +82-2-705-2600/2700
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 3 2 0 1 1 G I I R A n n u a l R e p o r t 1. 주주여러분께드리는말씀 04 - 영업개황보고 2. 영업보고서 1. 회사의개황 07 2. 영업의경과및성과 09 3. 모회사, 자회사및기업결합사항등 10 4. 최근 3년간영업실적및재무상태 12 5. 회사가대처할과제 15 6. 이사와감사의현황 16 7. 대주주현황 16 8. 회사 회사및자회사또는회사의자회사의타회사에대한출자현황 17 9. 주요채권자등 17 10. 결산기후에생긴중요한사실 17 11. 그밖에영업에관한사항으로서중요하다고인정하는사항 17 3. 감사보고서 1. 감사위원회의감사보고서 19 2. 외부감사인의감사보고서 20 3. 연결외부감사인의감사보고서 22 4. 결산보고서 1. 대차대조표 ( 재무상태표 ) 25 2. 포괄손익계산서 27 3. 이익잉여금처분계산서 ( 안 ) 29 4. 연결대차대조표 ( 재무상태표 ) 30 5. 연결포괄손익계산서 33 Business Report (English) 36
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 4 주주여러분께드리는말씀 ( 영업개황보고 ) 존경하는주주여러분! 항상지투알과지투알계열회사에변함없는관심과성원으로격려해주시는주주여러분께모든임 직원을대표하여깊은감사를드립니다. 2011년국내광고시장은글로벌금융위기와내수시장의소비여력저하에도불구하고, 총광고비가약 9% 성장하여 9조원을상회하는것으로추정되고있습니다. 지난해국내광고시장이성장할수있었던원동력은무엇보다디지털미디어광고시장의비약적인성장입니다. 스마트폰이용자 2,000 만명시대의도래와함께모바일메신저, 소셜네트워크서비스, 모바일앱등다양하고새로운광고플랫폼이등장함에따라증강현실광고와소셜무비등새로운형태의마케팅툴이활성화된것이광고시장성장을이끌었습니다. 아울러방송광고시장에도많은변화가있었습니다. 특히종편사출범및간접광고와가상광고의본격화등으로인한케이블TV 시장의확대가지난해방송광고시장의큰성장요인이되었습니다. 2011년지투알은임직원모두의노력에힘입어취급고 9,170 억원을달성함으로써전년대비약 17% 성장하는성과를거두었습니다. 이는기존광고주의만족도제고를통해주요 Clients를수성하고, 신한금융지주, STX, KB, 핵안보정상회의등대형신규광고주개발을이뤄냈기에가능했습니다. 또한, 당사크리에이티브의우수성도국내외적으로호평을받은한해였습니다. 국내최고권위의대한민국광고대상과서울영상광고제 TVCF 어워즈등에서주요상을휩쓴대한항공광고캠페인을비롯해 3D War 로불리며전자업계의최대관심사로떠올랐던 LG전자 3D 캠페인광고의뉴욕페스티벌파이널리스트수상, 소비자가뽑은좋은광고상에서 LG의 사랑해요 LG 광고가 TV부문대상을수상한사례등은광고품질을위해끝까지최선을다하는노력이이뤄낸영예스러운결실입니다.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 5 존경하는주주여러분! 지투알은올해취급고 1조원시대를넘어서, 글로벌화와현지화를실행하는 Glocalization 의실질적인원년이될수있도록모든역량을집중할계획입니다. 국내광고시장의성장한계를극복하기위해서이제광고대행역량의글로벌화는꼭실현해야할목표가되었습니다. 지투알은지난수년간글로벌네트워크구축에꾸준히투자하며, LG의글로벌마케팅파트너로서의본격도약을준비해왔습니다. 올해는이같은기반을바탕으로글로벌광고대행을회사성장의중심축으로더욱확대 발전시켜, LG의브랜드가세계속의 NO.1 브랜드로자리잡는데일익을담당해나갈것입니다. 2012년은지난해말등장한종편과미디어렙법통과에따른방송매체대행환경의변화, 총선과대선, 핵안보정상회의, 여수해양엑스포, 런던올림픽등그어느해보다많은변수들이국내광고시장에영향을끼칠것으로판단됩니다. 이와같은변수와스마트기기가몰고온매체소비형태의변화속에서광고주는더욱다양한형태의광고와보다더큰광고효과를기대할것입니다. 이에지투알은기존전통 4대매체뿐만아니라디지털미디어사이의경계를넘어선발상과 IMC(Integrated Marketing Communication) 적인융 복합화를통해커뮤니케이션완성도를높이는데최선의노력을다할것입니다. 지투알은고객사의성공없이는우리의성공도불가능하다는굳은각오와혼을담은실천, 고객사의신뢰를바탕으로, 차별화된커뮤니케이션서비스를제공하는 대한민국을대표하는마케팅커뮤니케이션기업 을지향하고있습니다. 이를위해지투알과사업자회사들의모든임직원은각자에게주어진역할에최선을다하겠습니다. 앞으로도지속적인성원을부탁드리며, 주주여러분의가정에건강과행복이충만하시기를진심으로기원합니다. 감사합니다. 2012 년 3 월 16 일 주식회사지투알대표이사김종립
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 6 영업보고서 회사의개황영업의경과및성과모회사, 자회사및기업결합사항등최근 3년간영업실적및재무상태회사가대처할과제이사와감사의현황대주주현황회사 회사및자회사또는회사의자회사의타회사에대한출자현황주요채권자등결산기후에생긴중요한사실그밖에영업에관한사항으로서중요하다고인정하는사항
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 7 2 0 1 1 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 275 3. 종업원현황 [2011 년 12 월 31 일현재 ] 구분임원재경인사법무기타계 인원수 3 37 11 2 20 73
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 8 2 0 1 1 G I I R A n n u a l R e p o r t 0 8 4. 주식에관한사항 1) 발행한주식의종류와수 [2011 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 1996. 12. 2 보통주 300,000 3,000,000 8,000,000 무상증자 1999. 3. 2 보통주 1,600,000-8,000,000 액면분할 1999. 7. 30 보통주 686,000 3,430,000 11,430,000 유상증자 2001. 3. 19 보통주 68,580 342,900 11,772,900 주식배당 2001. 8. 25 보통주 11,772,900-11,772,900 액면분할 2008.10. 23 보통주 5,798,593 5,798,593 17,571,493 유상증자 2008. 12. 24 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
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 9 2 0 1 1 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 28기 (2011 년 ) 27기 (2010 년 ) 26기 (2009 년 ) 제작매출액 271,219 199,247 172,284 수입광고대행료 65,856 55,496 44,054 기타매출액 6,434 8,118 9,021 계 343,509 262,862 225,359
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 10 2 0 1 1 G I I R A n n u a l R e p o r t 1 0 Ⅲ. 모회사, 자회사및기업결합사항등 1. 모회사현황 [2011 년 12 월 31 일현재 ] 상호소재지자본금주요업종소유주식수지분율 ( 주 ) 엘지서울시영등포구여의도동 20 879,359 백만원지주회사 5,798,593 주 35.0% 2. 자회사현황 [2011 년 12월 31일현재 ] 상호 소재지 자본금 주요업종 소유주식수 지분율 1000 Sylvan Avenue GⅡR America,Inc. Englewood Cliffs, NJ 07632 90만달러 광고 900 100% USA ( 주 ) 알키미디어 서울시서초구잠원동 37-8 200백만원 광고 102,000 51% 에이치에스애드 서울시마포구공덕동 275 5,000 백만원 광고 5,000,000 100% 17th Floor, West Twins Tower, 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-110019 DELHI, INDIA 79,018,682 루피 광고 7,901,868 100% One Fleet Place, London, GIIR UK EC4M 7WS 100 만달러 광고 642,691 100% 8 Floor, 4, 4th Lesnoy per., GIIR Rus LLC Moscow, 125047, 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% ( 주 ) 지아웃도어 서울시마포구공덕동 275 50백만원 광고 50,000 100% ( 주 ) 엘베스트 서울시강남구논현동 117 1,000 백만원 광고 200,000 100% 벅스컴애드 서울시마포구공덕동 275 100백만원 광고 140,000 70%
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 11 2 0 1 1 G I I R A n n u a l R e p o r t 1 1 3. 모 자회사에대한이사겸직상황 [2011 년 12월 31일현재 ] 성명 모 자회사 직위 역할 ( 주 ) 지투알 사장 대표이사 ( 주 ) 에이치에스애드 사장 대표이사 김종립 ( 주 ) 알키미디어 이사 기타비상무이사 ( 주 ) 엘베스트 이사 기타비상무이사 ( 주 ) 벅스컴애드 이사 기타비상무이사 ( 주 ) 지투알 이사 사내이사 송재국 ( 주 ) 알키미디어 이사 기타비상무이사 ( 주 ) 벅스컴애드 이사 기타비상무이사 Yuan Zhi Meng 이사 기타비상무이사 ( 주 ) 지투알 이사 기타비상무이사 황현식 ( 주 ) 에이치에스애드 이사 기타비상무이사 ( 주 ) 엘베스트 이사 기타비상무이사
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 12 2 0 1 1 G I I R A n n u a l R e p o r t 1 2 Ⅳ. 최근 3 년간영업실적및재무상태 1. 영업실적 1) 포괄손익계산서 (K-IFRS) [ 금액 : 백만원 ] 제 28 기 제 27 기 제 26 기 항 목 (` 11.1.1 ` 11.12.31) (` 10.1.1 ` 10.12.31) (` 09.1.1 09.12.31) 영업수익 16,225 15,416 14,929 영업비용 12,161 12,799 15,647 기타영업수익 67 1,104 49 기타영업비용 635 0 190 영업이익 ( 손실 ) 3,495 3,721 (859) 금융수익 2,010 2,778 3,359 금융비용 3,855 0 0 법인세비용차감전순이익 ( 손실 ) 1,650 6,499 2,500 법인세비용 (775) 153 1,247 당기순이익 ( 손실 ) 2,426 6,346 1,252 기타포괄손익 1,518 629 354 총포괄이익 ( 손실 ) 3,944 6,975 1,607
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 13 2 0 1 1 G I I R A n n u a l R e p o r t 1 3 2) 연결포괄손익계산서 (K-IFRS) [ 금액 : 백만원 ] 제 28 기 제 27 기 제 26 기 항 목 (` 11.1.1 11.12.31) (` 10.1.1 10.12.31) (` 09.1.1 09.12.31) 매출액 343,509 262,862 218,612 매출원가 246,516 183,949 158,586 매출총이익 ( 손실 ) 96,993 78,913 60,027 판매관리비 83,428 68,039 56,773 기타영업수익 4,229 3,726 3,626 기타영업비용 4,988 3,082 6,712 영업이익 ( 손실 ) 12,807 11,518 168 금융수익 3,264 3,080 4,474 금융비용 5,117 1,242 1,195 법인세비용차감전순이익 ( 손실 ) 10,954 13,356 3,446 법인세비용 4,189 2,363 3,333 당기순이익 ( 손실 ) 7,540 11,482 215 기타포괄손익 882 (235) 176 총포괄이익 ( 손실 ) 8,422 11,246 391
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 14 2 0 1 1 G I I R A n n u a l R e p o r t 1 4 2. 재무상태 1) 대차대조표 ( 재무상태표 )(K-IFRS) [ 금액 : 백만원 ] 제 28 기 제 27 기 제 26 기 항 목 ( 11.12.31) ( 10.12.31) ( 09.12.31) 자산 1. 유동자산 55,004 56,136 45,947 2. 비유동자산 46,893 44,400 47,214 자산총계 101,897 100,536 93,160 부채 1. 유동부채 2,514 2,492 4,484 2. 비유동부채 911 1,085 590 부채총계 3,425 3,577 5,074 자본 1. 자본금 17,571 17,571 17,571 2. 자본잉여금 54,582 54,582 54,582 3. 이익잉여금 31,771 31,750 26,379 4. 기타포괄손익누계액 0 (1,491) (2,296) 5. 기타자본항목 (5,453) (5,453) (8,150) 자본총계 98,472 96,959 88,087 부채와자본총계 101,897 100,536 93,160
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 15 2 0 1 1 G I I R A n n u a l R e p o r t 1 5 3) 연결재무상태표 (K-IFRS) [ 금액 : 백만원 ] 제 28 기 제 27 기 제 26 기 항 목 ( 11.12.31) ( 10.12.31) ( 09.12.31) 자산 1. 유동자산 342,713 293,868 258,004 2. 비유동자산 23,977 24,324 27,316 자산총계 366,690 318,191 285,320 부채 1. 유동부채 256,039 213,336 195,075 2. 비유동부채 5,354 4,941 3,323 부채총계 261,393 218,277 198,397 자본 1. 지배기업소유주지분 108,561 102,827 89,564 자본금 17,571 17,571 17,571 연결자본잉여금 54,582 54,582 54,582 연결이익잉여금 41,928 37,731 27,994 연결기타포괄손익누계액 (68) (1,604) (2,434) 연결기타자본항목 (5,453) (5,453) (8,150) 2. 비지배지분 (3,264) (2,913) (2,641) 자본총계 105,297 99,915 86,923 부채및자본총계 366,690 318,191 285,320 Ⅴ. 회사가대처할과제 본보고사항은 주주여러분께드리는말씀 에포함, 기재되어있습니다.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 16 2 0 1 1 G I I R A n n u a l R e p o r t 1 6 Ⅵ. 이사와감사의현황 [2011 년 12 월 31 일현재 ] 성명 직위 담당업무또는주된업무 회사와의거래관계 김종립 사장 대표이사 없음 송재국 이사 사내이사 없음 황현식 이사 기타비상무이사 없음 Stuart Neish 이사 기타비상무이사 없음 조인수 사외이사 사외이사 없음 이경태 사외이사 사외이사 없음 Ⅶ. 대주주현황 [2011 년 12 월 31 일현재 ] 주주성명 소유주식수 소유비율 회사와의거래관계 ( 주 ) 엘지 5,798,593 35.0% 없음 Cavendish Square Holding B.V. 4,622,565 27.9% 없음 신영자산운용 958,647 5.8% 없음 황순태 861,450 5.2% 없음 국민연금 797,070 4.8% 없음
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 17 2 0 1 1 G I I R A n n u a l R e p o r t 1 7 Ⅷ. 회사 회사및자회사또는회사의자회사의타회사에대한출자현황 [2011 년 12 월 31 일현재 ] [ 단위 : 주 ] 타회사명칭 투자및출자회사다른회사에출자한당사에출자한타회사의 ( 당사또는자회사 ) 소유주식수소유비율소유주식수소유비율 ( 주 ) 에이치에스애드 ( 주 ) 지투알 5,000,000 100.0% - - ( 주 ) 엘베스트 ( 주 ) 지투알 200,000 100.0% - - GIIR America,Inc. ( 주 ) 지투알 900 100.0% - - GIIR India ( 주 ) 지투알 7,901,868 100.0% GIIR UK ( 주 ) 지투알 642,691 100.0% GIIR Rus LLC ( 주 ) 지투알 - 100.0% GIIR Brazil ( 주 ) 지투알 - 100.0% ( 주 ) 알키미디어 ( 주 ) 지투알 102,000 51.0% - - ( 주 ) 지아웃도어 ( 주 ) 지투알 50,000 100.0% - - Yuan Zhi Meng ( 주 ) 지투알 - 70.0% - - ( 주 ) 벅스컴애드 ( 주 ) 지투알 140,000 70.0% - - 우리투자증권 ( 주 ) ( 주 ) 지투알 148,424 0.1% - - Ⅸ. 주요채권자등 해당사항없음 Ⅹ. 결산기후에생긴중요한사실 해당사항없음 ⅩⅠ. 그밖에영업에관한사항으로서중요하다고인정하는사항 해당사항없음
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 18 감사보고서 감사위원회의감사보고서 외부감사인의감사보고서 연결외부감사인의감사보고서
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 19 2 0 1 1 G I I R A n n u a l R e p o r t 1 9 감사위원회의감사보고서 본감사위원회는제 28 기사업년도 (2011 년 1 월 1 일부터 2011 년 12 월 31 일까지 ) 의회계및업무에관한감사를실시하고 그결과를다음과같이보고합니다. 1. 감사방법의개요회계감사를위하여회계에관한장부와관계서류를열람하고재무제표및동부속명세서를검토하였으며필요하다고인정되는경우대조, 실사, 입회, 조회, 기타적절한감사절차를적용하였습니다. 업무감사를위하여이사회및기타중요한회의에출석하고필요하다고인정되는경우이사로부터영업에관한보고를받았으며, 중요한업무에관한서류를열람하고그내용을검토하는등적절한방법을사용하였습니다. 2. 대차대조표및손익계산서의표시에관한사항 대차대조표와손익계산서는법령및정관에따라회사의재산및손익상태를적정하게표시하고있습니다. 3. 이익잉여금처분계산서에관한사항 이익잉여금처분계산서는법령및정관에적합하게작성되어있습니다. 4. 영업보고서에관한사항 영업보고서는법령및정관에따라회사의상황을정확하게표시하고있습니다. 2012 년 2 월 2 일 주식회사지투알감사위원장이경태 위원조인수 위원스튜어트니쉬
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 20 2 0 1 1 G I I R A n n u a l R e p o r t 2 0 외부감사인의감사보고서 본감사인은첨부된주식회사지투알의 2011 년 12월 31일과 2010 년 12월 31일현재의재무상태표와 2011 년 12월 31일과 2010 년 12월 31일로종료되는양회계연도의포괄손익계산서, 자본변동표및현금흐름표를감사하였습니다. 이재무제표를작성할책임은회사경영자에게있으며본감사인의책임은동재무제표에대하여감사를실시하고이를근거로이재무제표에대하여의견을표명하는데있습니다. 본감사인은한국의회계감사기준에따라감사를실시하였습니다. 이기준은본감사인이재무제표가중요하게왜곡표시되지아니하였다는것을합리적으로확신하도록감사를계획하고실시할것을요구하고있습니다. 감사는재무제표상의금액과공시내용을뒷받침하는감사증거에대하여시사의방법을적용하여검증하는것을포함하고있습니다. 또한감사는재무제표의전반적인표시내용에대한평가뿐만아니라재무제표작성을위해경영자가적용한회계원칙과유의적회계추정에대한평가를포함하고있습니다. 본감사인이실시한감사가감사의견표명을위한합리적인근거를제공하고있다고본감사인은믿습니다. 본감사인의의견으로는상기재무제표는주식회사지투알의 2011 년 12 월 31 일과 2010 년 12 월 31 일현재의재무상태와 2011 년 12 월 31 일과 2010 년 12 월 31 일로종료되는양회계연도의재무성과및현금흐름의내용을한국채택국제회계기 준에따라중요성의관점에서적정하게표시하고있습니다.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 21 2 0 1 1 G I I R A n n u a l R e p o r t 2 1 외부감사인의감사보고서 다음은감사의견에는영향이없지만감사보고서이용자의합리적인의사결정에참고가되는사항입니다. (1) 종속기업의사업철수및매각결의재무제표에대한주석 35에서설명하고있는바와같이, 회사는 2010 년 11월 5일이사회에서종속기업인주식회사지아웃도어와주식회사벅스컴애드에대한사업철수를결의하였습니다. 상기 2개사에대한종속기업투자는기업회계기준서제1105 호 ( 매각예정비유동자산과중단영업 ) 에따라매각예정비유동자산으로분류하였습니다. (2) 특수관계자와의거래 재무제표에대한주석 34 에서설명하고있는바와같이회사는당기중특수관계자와의거래가발생하였으며, 당기말 현재관련채권ㆍ채무가존재하고있습니다. 2012 년 3 월 8 일 삼정회계법인대표이사 김교태 이감사보고서는감사보고서일 (2012 년 3 월 8 일 ) 현재로유효한것입니다. 따라서감사보고서일이후이보고서를열람하는시점까지의기간사이에첨부된회사의연결재무제표에중대한영향을미칠수있는사건이나상황이발생할수도있으며이로인하여이감사보고서가수정될수도있습니다.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 22 2 0 1 1 G I I R A n n u a l R e p o r t 2 2 연결외부감사인의감사보고서 본감사인은첨부된주식회사지투알과그종속기업의 2011 년 12월 31일과 2010 년 12월 31일현재의연결재무상태표와 2011 년 12월 31일과 2010 년 12월 31일로종료되는양회계연도의연결포괄손익계산서, 연결자본변동표및연결현금흐름표를감사하였습니다. 이연결재무제표를작성할책임은회사경영자에게있으며본감사인의책임은동연결재무제표에대하여감사를실시하고이를근거로이연결재무제표에대하여의견을표명하는데있습니다. 본감사인은한국의회계감사기준에따라감사를실시하였습니다. 이기준은본감사인이연결재무제표가중요하게왜곡표시되지아니하였다는것을합리적으로확신하도록감사를계획하고실시할것을요구하고있습니다. 감사는연결재무제표상의금액과공시내용을뒷받침하는감사증거에대하여시사의방법을적용하여검증하는것을포함하고있습니다. 또한감사는연결재무제표의전반적인표시내용에대한평가뿐만아니라연결재무제표작성을위해경영자가적용한회계원칙과유의적회계추정에대한평가를포함하고있습니다. 본감사인이실시한감사가감사의견표명을위한합리적인근거를제공하고있다고본감사인은믿습니다. 본감사인의의견으로는상기연결재무제표는주식회사지투알과그종속기업의 2011 년 12 월 31 일과 2010 년 12 월 31 일 현재의재무상태와 2011 년 12 월 31 일과 2010 년 12 월 31 일로종료되는양회계연도의재무성과및현금흐름의내용을 한국채택국제회계기준에따라중요성의관점에서적정하게표시하고있습니다.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 23 2 0 1 1 G I I R A n n u a l R e p o r t 2 3 외부감사인의감사보고서 다음은감사의견에는영향이없지만감사보고서이용자의합리적인의사결정에참고가되는사항입니다. (1) 종속기업의사업철수결의및매각등으로인한중단영업표시연결재무제표에대한주석 38에서설명하고있는바와같이, 회사는 2010 년 11월 5일이사회에서종속기업인주식회사지아웃도어와주식회사벅스컴애드에대한사업철수를결의하였으며, 당기중종속기업인주식회사더블유브랜드커넥션, 주식회사탐스미디어및주식회사와이즈벨을매각및청산하였습니다. 따라서, 당기및비교표시된전기연결재무제표는기업회계기준서제1105 호 ( 매각예정비유동자산과중단영업 ) 에따라작성되었습니다. (2) 특수관계자와의거래 연결재무제표에대한주석 37 에서설명하고있는바와같이회사는당기중특수관계자와의거래가발생하였으며, 당기 말현재관련채권ㆍ채무가존재하고있습니다. 2012 년 3 월 8 일 삼정회계법인대표이사 김교태 이감사보고서는감사보고서일 (2012 년 3 월 8 일 ) 현재로유효한것입니다. 따라서감사보고서일이후이보고서를열람하는시점까지의기간사이에첨부된회사의연결재무제표에중대한영향을미칠수있는사건이나상황이발생할수도있으며이로인하여이감사보고서가수정될수도있습니다.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 24 결산보고서 대차대조표 ( 재무상태표 ) 포괄손익계산서이익잉여금처분계산서 ( 안 ) 연결대차대조표 ( 재무상태표 ) 연결포괄손익계산서
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 25 대차대조표 ( 재무상태표 ) 제 28 기 2011 년 12 월 31 일현재 / 제 27 기 2010 년 12 월 31 일현재 주식회사지투알 [ 단위 : 원 ] 과목 제 28기 제 27기 자산 Ⅰ 유동자산 55,004,130,105 56,136,008,934 1. 현금및현금성자산 761,696,210 2,569,646,232 2. 대여금및수취채권 53,834,607,706 52,515,804,237 금융기관예치금 51,000,000,000 50,000,000,000 미수금 5,518,364,552 5,779,973,055 ( 미수금대손충당금 ) (3,480,578,512) 2,037,786,040 (3,876,840,039) 1,903,133,016 미수수익 796,821,666 612,671,221 3. 기타유동자산 407,826,189 1,050,558,465 선급금 - 989,550,000 선급비용 177,636,029 61,008,465 선급법인세 230,190,160 - Ⅱ 비유동자산 46,892,799,845 44,400,207,770 1. 매도가능금융자산 1,573,294,400 3,507,608,619 2. 장기대여금및수취채권 196,532,000 330,299,716 장기기금융기관예치금 2,500,000 2,500,000 장기대여금 9,223,640,000 11,773,640,000 ( 장기대여금대손충당금 ) (9,223,640,000) - (11,648,302,284) 125,337,716 보증금 194,032,000 202,462,000 ( 보증금현재가치할인차금 ) - 194,032,000 202,462,000 3. 유형자산 906,427,512 430,212,094 공기구비품 4,807,707,738 4,068,765,955 ( 감가상각누계액 ) (3,951,183,226) 856,524,512 (3,688,456,861) 380,309,094 기타의유형자산 49,903,000 49,903,000 4. 무형자산 1,983,927,001 1,637,771,759 기타의무형자산 3,099,906,425 2,290,906,425 ( 감가상각누계액 ) (1,675,131,124) 1,424,775,301 (1,309,882,166) 981,024,259 기타의투자자산 559,151,700 656,747,500 5. 이연법인세자산 962,159,450 774,074,897 6. 기타비유동자산 41,270,459,482 37,720,240,685 종속기업주식 41,004,337,578 36,918,796,936 장기선급비용 266,121,904-7. 매각예정자산 801,443,749 자산총계 101,896,929,950 100,536,216,704
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 26 2 0 1 1 G I I R A n n u a l R e p o r t 2 6 대차대조표 - 계속 [ 단위 : 원 ] 과목 제 28 기 제 27 기 부채 Ⅰ 유동부채 2,514,328,888 2,492,058,711 1. 매입채무및기타채무 2,376,193,509 1,787,890,296 미지급금 1,268,042,564 1,117,172,218 미지급비용 735,389,757 670,718,078 금융보증계약부채 372,761,188-2. 기타유동부채 138,135,379 704,168,415 미지급법인세 - 422,227,126 예수금 138,135,379 281,941,289 Ⅱ 비유동부채 910,923,056 1,085,153,560 1. 장기매입채무및기타채무 266,121,904 336,325,738 장기금융보증계약부채 266,121,904 336,325,738 2. 확정급여채무 605,170,723 710,721,640 퇴직급여채무 1,834,132,744 1,505,559,842 국민연금전환금 (3,312,800) (3,312,800) 퇴직연금예치금 (1,379,592,913) 451,227,031 (975,956,858) 526,290,184 기타장기종업원급여부채 153,943,692 184,431,456 3. 기타비유동부채 39,630,429 38,106,182 부채총계 3,425,251,944 3,577,212,271 자본 Ⅰ 자본금 17,571,493,000 17,571,493,000 1. 보통주자본금 17,571,493,000 17,571,493,000 Ⅱ 자본잉여금 54,582,336,025 54,582,336,025 1. 주식발행초과금 54,456,388,669 54,456,388,669 2. 기타의자본잉여금 125,947,356 125,947,356 Ⅲ 이익잉여금 31,771,185,629 31,749,912,020 1. 법정적립금 13,162,699,733 12,919,585,073 2. 임의적립금 9,612,756,852 9,612,756,852 3. 미처분이익잉여금 9,264,601,879 9,513,319,168 4. 보험수리적손익 (268,872,835) (295,749,073) Ⅳ 기타포괄손익누계액 - (1,491,399,964) 1. 매도가능증권평가손실 - (1,491,399,964) 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 98,471,678,006 96,959,004,433 부채및자본총계 101,896,929,950 100,536,216,704
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 27 포괄손익계산서 제 28 기 2011 년 1 월 1 일부터 2011 년 12 월 31 일까지제 27 기 2010 년 1 월 1 일부터 2010 년 12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 제 28기 제 27기 Ⅰ 영업수익 16,224,860,023 15,416,280,387 1. 배당금수익 5,709,100,000 5,658,100,000 2. 경영관리용역수익 10,509,988,023 9,489,890,814 3. 임대수익 5,772,000 268,289,573 Ⅱ 영업비용 12,161,368,410 12,798,853,871 1. 급여및상여 5,856,698,711 5,634,828,980 2. 퇴직급여 701,683,157 611,147,361 3. 복리후생비 1,080,979,318 928,764,294 4. 접대비 220,493,652 285,653,372 5. 감가상각비 325,293,832 213,597,081 6. 무형자산상각비 365,248,958 238,416,731 7. 세금과공과 39,076,713 52,764,820 8. 광고선전비 4,770,000 3,725,000 9. 연구조사비 - 1,614,345 10. 지급수수료 731,092,951 1,097,446,943 11. 교육훈련비 115,819,102 177,071,232 12. 보험료 47,650 120,000 13. 해외시장개척비 89,165,781 524,518 14. 수도광열비 255,714,202 280,743,326 15. 여비교통비 336,571,340 232,387,609 16. 통신비 79,103,390 87,972,236 17. 소모품비 39,905,257 51,936,324 18. 도서구입비 6,033,340 8,179,570 19. 수선비 90,072,665 55,501,819 20. 차량유지비 227,375,284 215,701,619 21. 임차료 509,481,760 471,878,580 22. 대손상각비 - 937,558,876 23. 대손충당금환입액 (394,434,964) - 24. 기타의판매비와관리비 1,481,176,311 1,211,319,235
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 28 2 0 1 1 G I I R A n n u a l R e p o r t 2 8 손익계산서 - 계속 [ 단위 : 원 ] 과목 제 28 기 제 27 기 Ⅲ 기타영업수익 66,537,314 1,104,000,150 1. 외환차익 7,637,217 1,128,915 2. 외화환산이익 - 269,509 3. 유형자산처분이익 2,246,000-4. 종속기업주식처분이익 8,570,964-5. 잡수익 48,083,133 2,508,393 6. 기타비금융자산처분이익 - 1,100,000,000 7. 복구충당부채환입액 - 93,333 Ⅳ 기타영업비용 635,187,528 251,448 1. 외환차손 408,061 121,446 2. 유형자산처분손실 194,750 130,000 3. 복구충당부채전입액 1,524,247-4. 잡손실 31,616,721 2 5. 종속기업주식처분손실 601,443,749 - Ⅴ 영업이익 3,494,841,399 3,721,175,218 Ⅵ 금융수익 2,010,080,652 2,777,538,985 1. 이자수익 1,894,551,324 2,718,034,890 2. 배당금수익 ( 기타 ) 112,866,940 51,948,400 3. 외환차익 2,662,388 7,555,695 Ⅶ 금융비용 3,854,726,568 118,591 1. 매도가능금융자산손상차손 3,846,365,620-2. 외화환산손실 - 118,591 3. 외환차손 8,360,948 - Ⅷ법인세비용차감전순이익 1,650,195,483 6,498,595,612 Ⅸ 법인세비용 (775,348,488) 152,580,487 Ⅹ 당기순이익 2,425,543,971 6,346,015,125 XI 기타포괄손익 1,518,276,202 629,160,409 1. 매도가능금융자산평가손익 1,491,399,964 804,606,504 2. 보험수리적손익 26,876,238 (175,446,095) XII 총포괄순이익 3,943,820,173 6,975,175,534 주당손익 1. 기본주당순이익 150원 392원
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 29 이익잉여금처분계산서 ( 안 ) 제 28 기 2011 년 1 월 1 일 ~12 월 31 일까지처분예정일 2012 년 3 월 16 일제 27 기 2010 년 1 월 1 일 ~12 월 31 일까지처분확정일 2011 년 3 월 22 일 주식회사지투알 [ 단위 : 원 ] 과목 제 28기 제 27기 Ⅰ 미처분이익잉여금 8,995,729,044 9,217,570,095 1. 전기이월미처분이익잉여금 6,543,308,835 3,047,001,065 2. 보험수리적손익 26,876,238 (175,446,095) 3. 당기순이익 2,425,543,971 6,346,015,125 Ⅱ 임의적립금등의이입액 - - 1. 임의적립금이입액 - - Ⅲ 이익잉여금처분액 3,565,681,680 2,674,261,260 1. 이익준비금 324,152,880 243,114,660 2. 배당금현금배당 3,241,528,800 2,431,146,600 { 주당배당금 : 당기 200 원 (20%) 전기 150 원 (15%)} Ⅳ 차기이월미처분이익잉여금 5,430,047,364 6,543,308,835
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 30 연결대차대조표 ( 재무상태표 ) 제 28 기 2011 년 12 월 31 일현재제 27 기 2010 년 12 월 31 일현재 주식회사지투알 [ 단위 : 원 ] 과목 제 28 기 제 27 기 자산 Ⅰ 유동자산 342,712,726,576 293,867,672,097 (1) 현금및현금성자산 46,957,532,053 18,502,108,701 (2) 당기손익인식금융자산 14,006,380 54,723,166 (3) 만기보유금융자산 1,285,000 7,500,000 (4) 대여금및수취채권 288,982,988,806 267,300,544,982 1. 금융기관예치금 53,150,000,000 52,846,500,000 2. 매출채권 235,926,283,819 215,375,059,296 대손충당금 (728,838,888) 235,197,444,931 (1,875,120,251) 213,499,939,045 3. 미수금 44,800,042 670,388,330 대손충당금 (6,380,000) 38,420,042-670,388,330 4. 미수수익 597,123,833 283,717,607 (5) 기타유동자산 6,611,578,939 6,869,624,278 1. 선급금 1,437,261,755 3,150,962,753 대손충당금 0 1,437,261,755 0 3,150,962,753 2. 선급비용 561,530,060 296,974,584 3. 선급법인세 703,859,562 151,938,621 4. 매입부가세 144,516,146 9,252,069 5. 미청구공사 3,763,315,841 3,260,331,911 6. 기타의기타유동자산 1,095,575 164,340 매각예정자산 ( 유동 ) 145,335,398 1,133,170,970 Ⅱ 비유동자산 23,976,899,153 24,323,695,824 (1) 매도가능금융자산 2,173,731,530 4,108,045,749 (2) 만기보유금융자산 860,430,000 861,715,000 (3) 장기대여금및장기수취채권 3,590,439,024 2,523,615,405 1. 장기금융기관예치금 21,500,000 21,500,000 2. 장기대여금 731,900 1,760,500 대손충당금 0 731,900 0 1,760,500 3. 보증금 3,585,615,856 2,500,354,905 현재가치할인차금 (17,408,732) 3,568,207,124 0 2,500,354,905 (4) 유형자산 3,458,145,103 2,294,205,973 1. 공기구비품 12,294,823,604 10,453,157,948 감가상각누계액 (9,039,461,140) 3,255,362,464 (8,266,893,192) 2,186,264,756 2. 차량운반구 98,599,040 34,304,290 감가상각누계액 (17,000,229) 81,598,811 (2,858,682) 31,445,608 3. 기타의유형자산 121,183,828 76,495,609
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 31 2 0 1 1 G I I R A n n u a l R e p o r t 3 1 대차대조표 - 계속 [ 단위 : 원 ] 과목 제 28기 제 27기 (5) 무형자산 11,196,602,020 11,567,875,671 1. 소프트웨어 1,659,000,095 1,375,601,918 2. 영업권 6,297,381,731 6,297,381,731 3. 회원권 3,240,220,194 3,850,192,022 4. 건설중인무형자산 - 44,700,000 (6) 기타비유동자산 2,697,551,476 2,750,749,791 1. 이연법인세자산 2,697,551,476 2,750,749,791 2. 기타의기타비유동자산 - - 매각예정자산 - 217,488,235 자산총계 366,689,625,729 318,191,367,921 부채 Ⅰ 유동부채 256,039,019,098 213,335,847,982 (1) 당기손익인식금융부채 219,441 293,233 (2) 매입채무및기타채무 232,850,004,058 190,343,102,090 1. 단기차입금 1,156,483,912 341,670,000 2. 단기차입금 ( 채권유동화관련 ) - - 3. 유동성장기차입금 - - 4. 매입채무 219,924,936,716 181,155,828,424 5. 미지급금 5, 91 1,245,842 4,356,698,788 6. 미지급비용 5,857,337,588 4,488,904,878 (3) 기타유동부채 23,032,913,048 22,132,795,546 1. 초과청구공사 16,400,706,555 16,759,271,957 2. 미지급법인세 2,800,832,882 2,194,341,446 3. 예수금 3,831,373,611 3,179,182,143 4. 선수수익 - 매각예정부채 ( 유동 ) 155,882,551 859,657,113 Ⅱ 비유동부채 5,353,506,356 4,940,974,565 (1) 당기손익인식금융부채 - (2) 매입채무및기타재무 579,772,264-1. 장기차입금 579,772,264 - (3) 확정급여채무 4,374,225,815 4,465,747,458 1. 퇴직급여채무 12,642,700,748 10,654,260,148 2. 국민연금전환금 (44,853,800) (60,663,400) 3. 퇴직보험예치금 (8,821,611,152) 3,776,235,796 (6,890,933,262) 3,702,663,486 4. 기타장기종업원급여부채 597,990,019 763,083,972
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 32 2 0 1 1 G I I R A n n u a l R e p o r t 3 2 대차대조표 - 계속 [ 단위 : 원 ] 과목 제 28 기 제 27 기 (4) 기타비유동부채 399,508,277 302,784,180 1. 이연법인세부채 - - 2. 복구충당부채 399,508,277 302,784,180 매각예정부채 - 172,442,927 부채총계 261,392,525,454 218,276,822,547 자본 Ⅰ 자본금 17,571,493,000 17,571,493,000 1. 보통주자본금 1 7,571,493,000 17,571,493,000 Ⅱ 자본잉여금 54,582,336,025 54,582,336,025 1. 주식발행초과금 54,456,388,669 54,456,388,669 2. 기타의자본잉여금 125,947,356 125,947,356 Ⅲ 이익잉여금 41,928,220,780 37,730,921,482 1. 법정적립금 13,162,699,733 12,919,585,073 2. 임의적립금 9,612,756,852 9,612,756,852 3. 전기이월이익잉여금 20,958,828,017 16,274,104,853 4. 보험수리적손익 (1,806,063,822) (1,075,525,296) Ⅳ 기타포괄손익누계액 (67,914,098) (1,604,340,619) 1. 매도가능금융자산평가손실 0 (1,491,399,964) 2. 해외사업환산손익 (67,914,098) (112,940,655) Ⅴ 기타자본항목 (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 지배주주지분 108,560,799,059 102,827,073,240 비지배주주지분 (3,263,698,784) (2,912,527,866) 자본총계 105,297,100,275 99,914,545,374 부채및자본총계 366,689,625,729 318,191,367,921
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 33 연결포괄손익계산서 제 28 기 2011 년 1 월 1 일 ~12 월 31 일까지제 27 기 2010 년 1 월 1 일 ~12 월 31 일까지 주식회사지투알 [ 단위 : 원 ] 과목 제 28기 제 27기 Ⅰ 매출액 343,509,288,604 262,861,682,007 1. 제작매출액 271,219,146,403 199,247,248,996 2. 수입광고대행료 65,855,661,831 55,496,197,874 3. 기타매출액 6,434,480,370 8,118,235,137 Ⅱ 매출원가 246,515,875,739 183,948,606,762 1. 제작원가 240,969,211,414 177,080,613,652 2. 기타원가 5,546,664,325 6,867,993,110 Ⅲ 매출총이익 96,993,412,865 78,913,075,245 Ⅳ 판매비와관리비 83,427,549,559 68,039,065,564 1. 급여및상여 44,943,123,110 35,391,935,753 2. 퇴직급여 3,295,650,259 2,490,951,601 3. 복리후생비 7,496,050,217 5,794,716,625 4. 접대비 2,086,120,712 1,899,740,633 5. 감가상각비 1,416,088,393 875,702,851 6. 무형자산상각비 567,489,591 428,477,891 7. 세금과공과 959,222,426 557,030,146 8. 광고선전비 513,002,212 371,900,677 9. 연구조사비 4,554,240,537 4,125,301,461 10. 지급수수료 2,658,979,706 2,612,101,143 11. 교육훈련비 948,892,996 653,854,418 12. 보험료 15,202,327 20,232,370 13. 해외시장개척비 1,810,213,074 1,121,295,620 14. 수도광열비 1,389,152,974 1,109,816,336 15. 여비교통비 2,570,635,522 1,560,484,741 16. 통신비 779,962,280 722,443,129 17. 소모품비 490,849,136 435,354,916 18. 도서구입비 217,203,054 201,677,965 19. 수선비 399,084,847 310,937,711 20. 차량유지비 1,071,063,918 959,961,316 21. 임차료 4,731,337,245 3,361,077,288 22. 대손상각 - 1,688,608,630 23. 대손충당금환입 (1,139,901,363) (19,766,200) 24. 기타의판매비와관리비 1,653,886,386 1,365,228,543
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 34 2 0 1 1 G I I R A n n u a l R e p o r t 3 4 손익계산서 - 계속 [ 단위 : 원 ] 과목 제 28 기 제 27 기 Ⅴ 기타영업수익 4,229,264,312 3,725,710,341 1. 외환차익 3,173,582,742 2,207,989,920 2. 외화환산이익 688,814,143 308,057,952 3. 유형자산처분이익 6,037,000-4. 기타비금융자산처분이익 - 1,100,000,000 5. 잡이익 360,830,427 109,662,469 Ⅵ 기타영업비용 4,987,914,679 3,081,618,195 1. 외환차손 3,406,105,914 2,218,580,512 2. 외화환산손실 363,294,486 357,983,939 3. 유형자산처분손실 37,864,840 15,501,307 4. 무형자산손상차손 594,348,755-5. 복구충당부채전입액 8,452,522 6,524,860 6. 잡손실 577,848,162 483,027,577 Ⅶ 영업이익 12,807,212,939 11,518,101,827 Ⅷ 금융수익 3,263,832,826 3,080,366,368 1. 이자수익 2,297,588,118 2,377,372,482 2. 외화환산이익 288,951,064 232,081,740 3. 외환차익 -영업외 79,473,289 10,720,474 4. 배당금수익 112,866,940 51,948,400 5. 매매목적파생상품처분이익 470,947,035 353,520,106 6. 매매목적파생상품평가이익 14,006,380 54,723,166 Ⅸ 금융비용 5,116,770,188 1,242,231,733 1. 이자비용 366,133,909 433,143,140 2. 매도가능금융자산손상차손 3,846,365,620-3. 외화환산손실 496,533,454 237,776,710 4. 외환차손 38,175,842 200,726,279 5. 매매목적파생상품처분손실 364,216,830 265,123,773 6. 매매목적파생상품평가손실 219,441 293,233 7. 만기보유금융자산처분손실 125,092 168,598 8. 기부금 5,000,000 105,000,000
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 35 2 0 1 1 G I I R A n n u a l R e p o r t 3 5 손익계산서 - 계속 [ 단위 : 원 ] 과목 제 28기 제 27기 Ⅹ 법인세비용차감전순이익 10,954,275,577 13,356,236,462 Ⅺ 법인세비용 4,188,776,595 2,363,357,094 XII 계속영업이익 6,765,498,982 10,992,879,368 XIII 중단영업이익 774,588,379 488,859,445 XIV 당기순이익 7,540,087,361 11,481,738,813 XV 기타포괄손익 881,715,181 (235,332,559) 1. 매도가능금융자산의 1,491,399,964 804,606,504 공정가치변동 2. 해외사업환산손익 65,183,518 35,586,233 3. 보험수리적손익 (674,868,301) (1,075,525,296) XVI 총포괄이익 8,421,802,542 11,246,406,254 XVII 당기순이익의귀속 1. 지배지분순이익 7,710,515,240 11,611,287,669 2. 비지배지분순이익 (170,427,879) (129,548,856) XVIII 총포괄이익의귀속 1. 지배지분순이익 8,572,073,460 11,365,964,992 2. 비지배지분순이익 (150,270,918) (119,558,738)
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 36
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 37 2 0 1 1 G I I R A n n u a l R e p o r t 1. To Our Shareholders 38 2. Business Report 1. General condition of the Company 41 2. Progress and results of operation 43 3. Parent company, subsidiary company and interlocking of the Company etc. 44 4. Operation results and financial condition for recent 3 years 46 5. Assignment of the Company 49 6. Present state of directors and auditor 50 7. Present state of major shareholder 50 8. Investment state for the Company and subsidiary company or subsidiary company of the Company 51 9. Main creditor etc. 51 10. Important matters occurred after the accounting period 51 11. Other matters acknowledged important related to operation 51 3. Audit Report 53 - Audit repot by audit committee of GIIR Inc. 4. Financial Statements 1. Balance Sheet 55 2. Statement of Comprehensive Income 57 3. Statement of Appropriations of Retained Earnings(proposal) 59 4. Balance Sheet(Consolidated) 60 5. Statement of Comprehensive Income(Consolidated) 63
*G2R 2011AR_(내지):G2R AR Design 12. 3. 9. 오?? 2:44 페이지 38 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. In 2011, the domestic advertising market is estimated over 9 trillion won thanks to the 9% growth of total advertisement spends, in spite of the global financial crisis and decline of buying power of the market in general. The driving force of the domestic advertising market for the last year was the remarkable growth of the digital media advertising market. The advent of the era of 20 million smart phone users has become the base of various brand new advertisement platforms including mobile messengers, Social Network Service, mobile apps, etc. Therefore, new types of marketing tools, such as the AR(Augmented Reality) advertisements and social movies, were invigorated. There were many changes in broadcasting advertising market in 2011. The launching of the general programming channels as well as the expansion of cable TV market according to the indirect and virtual advertisements had led the broadcasting advertising market. GIIR s billings recorded 917 billion won, 17% increase year-on-year in 2011 thanks to the efforts of all executives and staffs of GIIR. It was achieved from the fact that existing major clients were retained by improving client s satisfaction and large non LG clients such as Shinhan Financial Group, STX, KB, Nuclear Security Summit were newly brought into the clientele. In 2011, the superiority in creative of our company had received favorable recognitions internationally as well as domestically. The Korean Airline advertisement has swept the major awards in the Korea Advertising awards and TVCF Award 2011 and the LG Electronics 3D campaign advertisement, which drawn the biggest attention from the industry so called as 3D War has awarded the finalist in the New York Festival, and LG Corp. s TV Ad called LG, Love won the Grand-prix of Good Ad-Customer s choice award. It is the honorable fruition from the efforts to try our best for the quality of advertisements.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 39 Honorable shareholders! In 2012, over the 1 trillion won of billings, GIIR will focus on the first year of the Glocalization which is to execute globalization and localization. The globalization as an advertisement agency is apparent matter to overcome the limitation of domestic advertisement market. GIIR steadily invested in the building of a global network for last several years in order to leap up to the global marketing partner for LG. Based on the groundwork, GIIR will expand and progress the global advertisement agency as the central axis of the company s growth this year and will take a part for LG to be the No. 1 brand in the world. The year 2012, there are many variables to influence on domestic advertisement market including the drastic change of media buying service environment driven by the general programming channels from the latter of 2011, permission of private media labs, general and presidential elections, Nuclear Security Summit Seoul, Expo 2012 Yeosu Korea, London Olympics, etc. Customers will expect various kinds of advertisements and higher advertising impact among such variables and changes amid media consumption behavior driven by smart instruments. Thus, GIIR will make the best efforts to establish a perfection of communication through not only the traditional 4 media but also ideas over the borderline of digital media, as well as IMC(Integrated Marketing Communication)wise convergence. GIIR believes Our success is impossible without Customer s success could represent our strong determination that bringing out sincere practice with the customer s confidence. Based on this insight, we aim at GIIR s Vision to become Korea s leading marketing communication group by offering high value-adding communication services to our clients. To this end, everyone at GIIR and our affiliated companies will do the best to fulfill our corporate goals. We look forward to your continuous support and wish all of our shareholders good health and happiness. Thank you. March 16 th, 2012 Representative Director of GIIR Inc., Jong Ripp Kim
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 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, 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 27th Fiscal Year Other Important Matters Related to Operation
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 41 2 0 1 1 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, 2011] Classification Executive Finance HR Legal Others Total Number 3 37 11 2 20 73
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 42 2 0 1 1 G I I R A n n u a l R e p o r t 4 2 4. Matters about stocks 1) Class and number of issued stock [As of December 31, 2011] Class Number Amount Ratio common shares in non-bearer form 16,567,409 shares KRW 17,571,493,000 100% 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 1996.12. 2 Common stock 300,000 3,000,000 8,000,000 Capital increase without consideration 1999. 3. 2 Common stock 1,600,000-8,000,000 Stock split 1999. 7.30 Common stock 686,000 3,430,000 11,430,000 Capital increase with consideration 2001. 3.19 Common stock 68,580 342,900 11,772,900 Stock allotment 2001. 8.25 Common stock 11,772,900-11,772,900 Stock split 2008.10.23 Common stock 5,798,593 5,798,593 17,571,493 Capital increase with consideration 2008.12.24 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, 10000 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
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 43 2 0 1 1 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 28th (2011) 27th (2010) 26th (2009) Production 271,219 199,247 172,284 Media planning and Buying commission 65,856 55,496 44,054 Other 6,434 8,118 9,021 Total 343,509 262,862 225,359
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 44 2 0 1 1 G I I R A n n u a l R e p o r t 4 4 III. Parent company, subsidiary, and interlocking of the Company etc. 1. State of parent company [As of December 31, 2011] Name Location capital Main business Number of share Ratio LG Corp. Yeiodo-dong, M KRW Holding Youngdeungpo-gu 20, Seoul 879,359 Company 5,798,593 35.0% 2. State of subsidiary company [As of December 31, 2011] Subsidiary Relation with the Company Name Location Paid-in capital Main business Number of stock Ratio 1000 Sylvan Avenue USD 900 GIIR America,Inc. Advertising Englewood Cliffs, NJ 07632 USA 0.9 m Shares 100% Alchemedia Inc. 37-8 Jamwon-dong, KRW 102,000 Advertising Seocho-gu, Seoul 200 m Shares 51% HS Ad Inc. 275 Kongdeok-dong, KRW 5,000,000 Advertising Mapo-gu, Seoul 5,000m Shares 100% 17th Floor, West Twins Tower, USD Yuan Zhi Meng No:12, Jian Guo Men Wai Road, 0.5 m Chao Yang District, Beijing, China Advertising 70% GIIR India GIIR UK GIIR Rus LLC GIIR Brazil G Outdoor Inc. LBest LTD. H-79, L.G.F. KALKAJI INR 7,901,868 Advertising 100% NEW DELHI-110019 DELHI, INDIA 79,018,682 Shares One Fleet Place, London, USD 642,691 Advertising EC4M 7WS 1.0 m Shares 100% 8 Floor, 4, 4th Lesnoy per., USD Moscow, 125047, Russia 0.87 m Advertising 100% Edificio Alice Maria Sampaio USD Ferreira Av.Eng.Luis Carlos Berrini, 0.87 m 1645, cj.102 São Paulo - Brasil Advertising 100% 275 Kongdeok-dong, KRW 50,000 Advertising Mapo-gu, Seoul 50 m Shares 100% 117 Nonhyun-dong, KRW 200,000 Advertising Kangnam-gu, Seoul 1,000 m Shares 100% BugsCom Ad 275 Kongdeok-dong, KRW 140,000 Advertising 70% Inc. Mapo-gu, Seoul 100 m Shares
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 45 2 0 1 1 G I I R A n n u a l R e p o r t 4 5 3. Concurrent position state of parent and subsidiary company [As of December 31, 2011] Name Company Position Duty GIIR Inc. President CEO HS Ad Inc. President CEO Jong Ripp Kim Alchemedia Inc. Director Non-Standing Director LBest LTD. Director Non-Standing Director BugsCom Ad Inc. Director Non-Standing Director GIIR Inc. Director Director Jae Kook Song Alchemedia Inc. Director Non-Standing Director 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
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 46 2 0 1 1 G I I R A n n u a l R e p o r t 4 6 IV. Operation results and financial condition for recent 3 years 1. Operation Results 1) Statement of Comprehensive Income(K-IFRS) [unit : KRW million] Classification 28th 27th 26th '11.1.1 '11.12.31 '10.1.1 '10.12.31 '09.1.1 '09.12.31 Operating Revenue 16,225 15,416 14,929 Operating Expenses 12,161 12,799 15,647 Other Operating Revenues 67 1,104 49 Other Operating Expenses 635 0 190 Operating Profit 3,495 3,721 (859) Non Operating Revenues 2,010 2,778 3,359 Non Operating Expenses 3,855 0 0 Income Loss Before Income Taxes Expenses 1,650 6,499 2,500 Income Taxes Expenses (775) 153 1,247 Net Income 2,426 6,346 1,252 Other comprehensive income 1,518 629 354 Total comprehensive income 3,944 6,975 1,607
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 47 2 0 1 1 G I I R A n n u a l R e p o r t 4 7 2) Statement of Comprehensive Income(K-IFRS, Consolidated) [unit : KRW million] Classification 28th 27th 26th '11.1.1 '11.12.31 '10.1.1 '10.12.31 '09.1.1 '09.12.31 Sales 343,509 262,862 218,612 Cost of sales 246,516 183,949 158,586 Gross profit 96,993 78,913 60,027 Selling general administrative expenses 83,428 68,039 56,773 Other Operating income 4,229 3,726 3,626 Other Operating expenses 4,988 3,082 6,712 Operating Profit(Loss) 12,807 11,518 168 Financial income 3,264 3,080 4,474 Financial costs 5,117 1,242 1,195 Profit(Loss) Before Tax 10,954 13,356 3,446 Income Taxes Expense 4,189 2,363 3,333 Net Profit(Losses) 7,540 11,482 215 Other comprehensive income 882 (235) 176 Total comprehensive income 8,422 11,246 391
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 48 2 0 1 1 G I I R A n n u a l R e p o r t 4 8 2. Financial condition 1) Balance Sheet(Statement of Financial Position)(K-IFRS) [unit : KRW million] Classification 28th 27th 26th '11.12.31 '10.12.31 '09.12.31 Assets 1. Current assets 55,004 56,136 45,947 2. Non-current assets 46,893 44,400 47,214 Total assets 101,897 100,536 93,160 Liabilities 1. Current liabilities 2,514 2,492 4,484 2. Non-current liabilities 911 1,085 590 Total liabilities 3,425 3,577 5,074 Equity 1. Issued capital 17,571 17,571 17,571 2. Capital surplus 54,582 54,582 54,582 3. Retained earnings 31,771 31,750 26,379 4. Other Comprehensive income / loss accumulated amount 5. Elements of other stockholder's equity 0 (1,491) (2,296) (5,453) (5,453) (8,150) Total equity 98,472 96,959 88,087 Total equity and liabilities 101,897 100,536 93,160
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 49 2 0 1 1 G I I R A n n u a l R e p o r t 4 9 2) Statement of Financial Position (K-IFRS, Consolidated) [unit : KRW million] Classification 28th 27th 26th '11.12.31 '10.12.31 '09.12.31 Assets 1. Current assets 342,713 293,868 258,004 2. Non-current assets 23,977 24,324 27,316 Total assets 366,690 318,191 285,320 Liabilities 1. Current liabilities 256,039 213,336 195,075 2. Non-current liabilities 5,354 4,941 3,323 Total liabilities 261,393 218,277 198,397 Equity 1. Equity attributable to owners of parent 108,561 102,827 89,564 Issued capital 17,571 17,571 17,571 Capital surplus 54,582 54,582 54,582 Retained earnings 41,928 37,731 27,994 Other Comprehensive (68) (1,604) (2,434) Elements of other stockholder's equity (5,453) (5,453) (8,150) 2. Non-controlling interests (3,264) (2,913) (2,641) Total equity 105,297 99,915 86,923 Total equity and liabilities 366,690 318,191 285,320 V. Assignment of the Company The reporting matters were included in and stated in To Our Shareholders.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 50 2 0 1 1 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, 2011] Name Position Duty Transaction with the Company Jong Ripp Kim President CEO None Jae Kook Song Director Director None Hyeon Sik Hwang Director Non-standing Director None Stuart Neish 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, 2011] Name Number of shares Ratio Transaction with the Company LG Corp. 5,798,593 35.0% None Cavendish Square Holding B.V. 4,622,565 27.9% None Shinyoung IM 958,647 5.8% None Soon-Tae Hwang 861,450 5.2% None National Pension Service 797,070 4.8% None
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 51 2 0 1 1 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, 2011], [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. 5,000,000 100.0% - - LBEST LTD. GIIR Inc. 200,000 100.0% - - GIIR America, Inc. GIIR Inc 900 100.0% - - GIIR India GIIR Inc 7,901,868 100.0% GIIR UK GIIR Inc 642,691 100.0% GIIR Rus LLC GIIR Inc - 100.0% GIIR Brazil GIIR Inc - 100.0% Alchemedia Inc. GIIR Inc 102,000 51.0% - - G Outdoor Inc. GIIR Inc 50,000 100.0% - - Yuan Zhi Meng GIIR Inc - 70.0% - - BugsCom Ad Inc. GIIR Inc 140,000 70.0% - - Woori I&S GIIR Inc 148,424 0.1% - - IX. Main creditor etc. Not relevant X. Important matters occurred after the accounting period Not relevant XI. Other matters acknowledged important related to operation Nothing to report
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 52 A u d i t R e p o r t by Audit Committee of GIIR Inc.
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 10. 오? 4:44 페이지 53 2 0 1 1 G I I R A n n u a l R e p o r t 5 3 Audit Report I report the following audit result on accounting and business of the 28th fiscal year from January 1, 2011 to December 31, 2011 as an audit Committee member of GIIR Inc. 1. Outline of the Audit Method We inspected the accounting book and the relevant documents and investigated the financial statements and attached specification for examination. I examined by applying the contrast, actual inspection, session, inquiry and other proper audit procedures in case of need in executing the audit. I 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 Balance Sheet and Income statement The assets and profit and loss state of the Company are stated adequately according to law and the Articles in the balance sheet and income statement. 3. Matters on the Statement of Appropriation of Retained Earnings The statement of appropriation of retained earnings is made out adequately under law and the Article. 4. Matters on Business Report The general condition of the Company is indicated accurately in the business report under law and the Articles. February 2nd, 2012 Chairman of the Audit Committee of GIIR Inc. Member of the Audit Committee Member of the Audit Committee Kyung Tae Lee In Soo Cho Stuart Neish
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 54 F i n a n c i a l S t a t e m e n t s BALANCE SHEET STATEMENT OF COMPREHENSIVE INCOME STATEMENT OF APPROPRIATION OF RETAINED EARNINGS(PROPOSAL) BALANCE SHEET(CONSOLIDATED) STATEMENT OF COMPREHENSIVE INCOME(CONSOLIDATED)
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 55 BALANCE SHEET 28th FY As of December 31, 2011 27th FY As of December 31, 2010 GIIR Inc. ACCOUNT 28th(2011) 27th(2010) ASSETS [in Korean Won] I CURRENT ASSETS 55,004,130,105 56,136,008,934 1. Cash and cash equivalents 761,696,210 2,569,646,232 2. Short-term loans and receivables 53,834,607,706 52,515,804,237 Deposit in Financial Institutions 51,000,000,000 50,000,000,000 Other current assets 5,518,364,552 5,779,973,055 (Allowance for bad accounts) (3,480,578,512) 2,037,786,040 (3,876,840,039) 1,903,133,016 Accured Income 796,821,666 612,671,221 3. Other Current Assets 407,826,189 1,050,558,465 Advance Payments - 989,550,000 Prepaid expenses 177,636,029 61,008,465 Prepaid corporate income tax 230,190,160 - II NON-CURRENT ASSETS 46,892,799,845 44,400,207,770 1. Available-for-sale securities 1,573,294,400 3,507,608,619 2. Long-term loans and Receivables 196,532,000 330,299,716 Long term Deposit in Financial Institutions 2,500,000 2,500,000 Long-term loans 9,223,640,000 11,773,640,000 (Allowance for bad accounts) (9,223,640,000) - (11,648,302,284) 125,337,716 Guarantee deposits 194,032,000 202,462,000 (Present value discount) - 194,032,000 202,462,000 3. Property and Equipment 906,427,512 430,212,094 Tools 4,807,707,738 4,068,765,955 (Accumulated Depreciation) (3,951,183,226) 856,524,512 (3,688,456,861) 380,309,094 Others 49,903,000 49,903,000 4. Intangibles 1,983,927,001 1,637,771,759 Other Intangibles 3,099,906,425 2,290,906,425 (Accumulated Depreciation) (1,675,131,124) 1,424,775,301 (1,309,882,166) 981,024,259 Other Investment Assets 559,151,700 656,747,500 5. Deferred income taxes 962,159,450 774,074,897 6. Other Non-Current Assets 41,270,459,482 37,720,240,685 Subsidiaries' equity 41,004,337,578 36,918,796,936 Long-term prepaid expenses 266,121,904-7. Held-for-sale assets 801,443,749 TOTAL ASSETS 101,896,929,950 100,536,216,704
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 56 2 0 1 1 G I I R A n n u a l R e p o r t 5 6 GIIR Inc.(Balance Sheet-Continued) ACCOUNT 28th(2011) 27th(2010) LIABILITIES [in Korean Won] I CURRENT LIABILITIES 2,514,328,888 2,492,058,711 1. Trade and other current payables 2,376,193,509 1,787,890,296 Payables 1,268,042,564 1,117,172,218 Accrued Expenses 735,389,757 670,718,078 Financial guarantee contract 372,761,188-2. Other current liabilities 138,135,379 704,168,415 Payments of Income taxes payable - 422,227,126 Withholdings 138,135,379 281,941,289 II LONG-TERM LIABILITIES 910,923,056 1,085,153,560 1. Long-term trade payables and others 266,121,904 336,325,738 Long term financial guarantee contract 266,121,904 336,325,738 2. Projected Benefit Obligations 605,170,723 710,721,640 Post-employment benefit obligations 1,834,132,744 1,505,559,842 Transfer to National Pension Fund (3,312,800) (3,312,800) Provisions for Retirement and Severance Benefits (1,379,592,913) 451,227,031 (975,956,858) 526,290,184 Non Current provisions for employee benefits 153,943,692 184,431,456 3. Other non current liabilities 39,630,429 38,106,182 TOTAL LIABILITIES 3,425,251,944 3,577,212,271 SHAREHOLDER'S EQUITY I CAPITAL STOCK 17,571,493,000 17,571,493,000 1. Common stock 17,571,493,000 17,571,493,000 II CAPITAL SURPLUS 54,582,336,025 54,582,336,025 1. Paid-in-capital in excess of par value 54,456,388,669 54,456,388,669 2. Other capital surplus 125,947,356 125,947,356 III RETAINED EARNINGS 31,771,185,629 31,749,912,020 1. Legal reserves 13,162,699,733 12,919,585,073 2. Voluntary reserves 9,612,756,852 9,612,756,852 3. Retained earnings before appropriation 9,264,601,879 9,513,319,168 4. Actuarial gains and losses (268,872,835) (295,749,073) IV ACCUMULATED OTHER COMPREHENSIVE INCOME - (1,491,399,964) 1. Losses on Valuation of Available for Sale Securities - (1,491,399,964) 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 98,471,678,006 96,959,004,433 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 101,896,929,950 100,536,216,704
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 57 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010 DATES OF APPROPRIATIONS: MARCH 16, 2012 AND MARCH 22, 2011 GIIR Inc. ACCOUNT 28th(2011) 27th(2010) [in Korean Won] I OPERATING REVENUE 16,224,860,023 15,416,280,387 1. Dividend Income 5,709,100,000 5,658,100,000 2. Management fee 10,509,988,023 9,489,890,814 3. Rental income 5,772,000 268,289,573 II OPERATING EXPENSES 12,161,368,410 12,798,853,871 1. Payroll 5,856,698,711 5,634,828,980 2. Provision for severance indemnities 701,683,157 611,147,361 3. Fringe benefits 1,080,979,318 928,764,294 4. Entertainment 220,493,652 285,653,372 5. Depreciation 325,293,832 213,597,081 6. Amortization 365,248,958 238,416,731 7. Taxes and dues 39,076,713 52,764,820 8. Advertising 4,770,000 3,725,000 9. Research Expenses - 1,614,345 10. Commission 731,092,951 1,097,446,943 11. Training 115,819,102 177,071,232 12. Insurance 47,650 120,000 13. Overseas Maketing Expenses 89,165,781 524,518 14. Water and heating 255,714,202 280,743,326 15. Travel 336,571,340 232,387,609 16. Communication 79,103,390 87,972,236 17. Supplies 39,905,257 51,936,324 18. Books 6,033,340 8,179,570 19. Repair 90,072,665 55,501,819 20. Car maintenance 227,375,284 215,701,619 21. Rent 509,481,760 471,878,580 22. Bad debts expense - 937,558,876 23. Provisions for Restoration (394,434,964) - 24. Others 1,481,176,311 1,211,319,235
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 58 2 0 1 1 G I I R A n n u a l R e p o r t 5 8 GIIR Inc.(Income Statement-Continued) ACCOUNT 28th(2011) 27th(2010) [in Korean Won] III OTHER OPERATING REVENUES 66,537,314 1,104,000,150 1. Gain on Foreign Currency Transactions 7,637,217 1,128,915 2. Gain on Foreign Currency Translation - 269,509 3. Gains on disposal of property and equipment 2,246,000-4. Gains on disposal of subsidiaries equity 8,570,964-5. Others 48,083,133 2,508,393 6. Gains on disposal of non-financial assets - 1,100,000,000 7. Recovery of Provisions for Restoration - 93,333 IV OTHER OPERATING EXPENSES 635,187,528 251,448 1. Losses on Foreign currency transactions 408,061 121,446 2. Loss on disposal of property and equipment 194,750 130,000 3. Provisions for Restoration 1,524,247-4. Others 31,616,721 2 5. Loss on disposal of subsidiaries equity 601,443,749 - V OPERATING INCOME 3,494,841,399 3,721,175,218 VI FINANCAIL INCOME 2,010,080,652 2,777,538,985 1. Interest income 1,894,551,324 2,718,034,890 2. Dividend income(other) 112,866,940 51,948,400 3. Gain on Foreign Currency Transaction 2,662,388 7,555,695 VII FINANCAIL EXPENSES 3,854,726,568 118,591 1. Impairment loss for Available-for-sale financial assets 3,846,365,620-2. Losses on Foreign currency translation - 118,591 3. Losses on Foreign currency transaction 8,360,948 - VIII INCOME BEFORE INCOME TAX EXPENSE 1,650,195,483 6,498,595,612 IX INCOME TAX EXPENSE (775,348,488) 152,580,487 X NET INCOME 2,425,543,971 6,346,015,125 XI OTHER COMPREHENSIVE INCOME 1,518,276,202 629,160,409 1. Gain on valuations and Available-forsale financial assets 1,491,399,964 804,606,504 2. Actuarial gains and losses 26,876,238 (175,446,095) XII TOTAL COMPREHENSIVE INCOME 3,943,820,173 6,975,175,534 EARNINGS PER SHARE 1. Basic earnings per share KRW 150 KRW 392
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 59 STATEMENT OF APPROPRIATION OF RETAINED EARNINGS(PROPOSAL) 28th FY From 2011.1.1 to 2011.12.31 Expected Date of Appropriation : 2012.3.16 27th From 2010.1.1 to 2010.12.31 Date of Appropriation : 2011.3.22 GIIR Inc. ACCOUNT 28th(2011) 27th(2010) [in Korean Won] I RETAINED EARNING BEFORE APPROPRIATION 8,995,729,044 9,217,570,095 1. Unappropriated earnings carried over from previous year 6,543,308,835 3,047,001,065 2. Actuarial gains and losses 26,876,238 (175,446,095) 3. Net Income 2,425,543,971 6,346,015,125 II TRANSFER FROM VOLUNTARY RESERVES - - 1. Transfer from Voluntary Reserves - - III APPROPRIATIONS OF RETAINED EARNINGS 3,565,681,680 2,674,261,260 1. Earned surplus reserve 324,152,880 243,114,660 2. Dividends Cash Dividends 3,241,528,800 2,431,146,600 { Dividends (ratio) FY2011 : KRW 200(20%) FY2010 : KRW 150(15%) } IV UNAPPROPRIATED RETAINED EARNINGS TO BE CARRIED 5,430,047,364 6,543,308,835 FORWARD TO SUBSEQUENT YEAR
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 60 BALANCE SHEET(CONSOLIDATED) 28th FY As of December 31, 2011 27th FY As of December 31, 2010 GIIR Inc. ACCOUNT 28th(2011) 27th(2010) ASSETS [in Korean Won] I CURRENT ASSETS 342,712,726,576 293,867,672,097 (1) Cash and cash equivalents 46,957,532,053 18,502,108,701 (2) Fair value financial asset 14,006,380 54,723,166 (3) Fnancial assets held to maturity 1,285,000 7,500,000 (4) Short-term loans and receivables 288,982,988,806 267,300,544,982 1. Deposit in Financial Institutions 53,150,000,000 52,846,500,000 2. Trade Receivable 235,926,283,819 215,375,059,296 Allowance for bad accounts (728,838,888) 235,197,444,931 (1,875,120,251) 213,499,939,045 3. Other Receivables 44,800,042 670,388,330 Allowance for bad accounts (6,380,000) 38,420,042-670,388,330 4. Accured Income 597,123,833 283,717,607 (5) Other Current Assets 6,611,578,939 6,869,624,278 1. Advance Payments 1,437,261,755 3,150,962,753 Allowance for bad accounts 0 1,437,261,755 0 3,150,962,753 2. Prepaid expenses 561,530,060 296,974,584 3. Prepaid Income Taxes 703,859,562 151,938,621 4. Value added tax withheld 144,516,146 9,252,069 5. Gross amount due from customers for contract work as an assets 3,763,315,841 3,260,331,911 6. Others 1,095,575 164,340 Held-for-sale assets(current) 145,335,398 1,133,170,970 II NON-CURRENT ASSETS 23,976,899,153 24,323,695,824 (1) Available-for-sale securities 2,173,731,530 4,108,045,749 (2) Held-to-maturity financial assets-non current 860,430,000 861,715,000 (3) Long-term loans and Receivables 3,590,439,024 2,523,615,405 1. Long term Deposit in Financial Institutions 21,500,000 21,500,000 2. Long-term loans 731,900 1,760,500 Allowance for bad accounts 0 731,900 0 1,760,500 3. Guarantee deposits 3,585,615,856 2,500,354,905 Present value discount (17,408,732) 3,568,207,124 0 2,500,354,905 (4) Property and Equipment 3,458,145,103 2,294,205,973 1. Tools 12,294,823,604 10,453,157,948 Accumulated Depreciation (9,039,461,140) 3,255,362,464 (8,266,893,192) 2,186,264,756 2. Vehicles 98,599,040 34,304,290 Accumulated Depreciation (17,000,229) 81,598,811 (2,858,682) 31,445,608 3. Others 121,183,828 76,495,609
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 61 2 0 1 1 G I I R A n n u a l R e p o r t 6 1 GIIR Inc. (Balance Sheet-Continued) ACCOUNT 28th(2011) 27th(2010) [in Korean Won] (5) Intangibles 11,196,602,020 11,567,875,671 1. Softwares 1,659,000,095 1,375,601,918 2. Goodwill 6,297,381,731 6,297,381,731 3. Membership 3,240,220,194 3,850,192,022 4. In progress - 44,700,000 (6) Others 2,697,551,476 2,750,749,791 1. Deferred income taxes 2,697,551,476 2,750,749,791 2. Others - - Held-for-sale assets - 217,488,235 TOTAL ASSETS 366,689,625,729 318,191,367,921 LIABILITIES I CURRENTS LIABILITIES 256,039,019,098 213,335,847,982 (1) Fair value financial asset 219,441 293,233 (2) Trade and other current payables 232,850,004,058 190,343,102,090 1. Short-term Borrowings 1,156,483,912 341,670,000 2. Short term borrowings-receivable backed - - 3. Current Portion of Long-term Liabilities - - 4. Trade Payable 219,924,936,716 181,155,828,424 5. Other Payables 5,911,245,842 4,356,698,788 6. Accrued Expenses 5,857,337,588 4,488,904,878 (3) Other current liabilities 23,032,913,048 22,132,795,546 1. Gross amount due to customers for contract work as a liability 16,400,706,555 16,759,271,957 2. Payments of Income taxes payable 2,800,832,882 2,194,341,446 3. Withholdings 3,831,373,611 3,179,182,143 4. Unearned Income - Held-for-sale Liabilities(Current) 155,882,551 859,657,113 II LONG-TERM LIABILITIES 5,353,506,356 4,940,974,565 (1) Fair value financial asset - (2) Long-term trade payables and others 579,772,264-1. Long-term borrowings 579,772,264 - (3) Projected Benefit Obligations 4,374,225,815 4,465,747,458 1. Post-employment benefit obligations 12,642,700,748 10,654,260,148 2. Transfer to national pension fund (44,853,800) (60,663,400) 3. Provisions for retirement and severance benefits (8,821,611,152) 3,776,235,796 (6,890,933,262) 3,702,663,486 4. Non Current provisions for employee benefits 597,990,019 763,083,972
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 62 2 0 1 1 G I I R A n n u a l R e p o r t 6 2 GIIR Inc. (Balance Sheet-Continued) [in Korean Won] ACCOUNT 28th(2011) 27th(2010) (4) Other non current liabilities 399,508,277 302,784,180 1. Deferred income tax liabilities - - 2. Provision for Restoration in Long-term Liabilities 399,508,277 302,784,180 Held-for-sale Liabilities - 172,442,927 TOTAL LIABILITIES 261,392,525,454 218,276,822,547 HAREHOLDERS' EQUITY I CAPITAL STOCK 17,571,493,000 17,571,493,000 1. Common stock 17,571,493,000 17,571,493,000 Ⅱ CAPITAL SURPLUS 54,582,336,025 54,582,336,025 1. Paid-in-capital in excess of par value 54,456,388,669 54,456,388,669 2. Other capital surplus 125,947,356 125,947,356 ⅡI RETAINED EARNINGS 41,928,220,780 37,730,921,482 1. Legal reserves 13,162,699,733 12,919,585,073 2. Voluntary reserves 9,612,756,852 9,612,756,852 3. Retained earnings before appropriation 20,958,828,017 16,274,104,853 4. Actuarial gains and losses (1,806,063,822) (1,075,525,296) IV ACCUMULATED OTHER COMPREHENSIVE INCOME (67,914,098) (1,604,340,619) 1. Losses on Valuation of Available for Sale Securities 0 (1,491,399,964) 2. Gains and losses on Cumulative Effect of Foreign Currency Translation (67,914,098) (112,940,655) 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 Equity attributable to owners of parent 108,560,799,059 102,827,073,240 Non-controlling interests (3,263,698,784) (2,912,527,866) TOTAL SHAREHOLDERS' EQUITY 105,297,100,275 99,914,545,374 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 366,689,625,729 318,191,367,921
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 63 STATEMENT OF COMPREHENSIVE INCOME(CONSOLIDATED) FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010 DATES OF APPROPRIATIONS: March 16, 2012 AND MARCH 22, 2011 GIIR Inc. ACCOUNT 28th(2011) 27th(2010) [in Korean Won] I SALES 343,509,288,604 262,861,682,007 1. Production 271,219,146,403 199,247,248,996 2. Media planning and Buying commission 65,855,661,831 55,496,197,874 3. Others 6,434,480,370 8,118,235,137 Ⅱ COST OF SALES 246,515,875,739 183,948,606,762 1. Production 240,969,211,414 177,080,613,652 2. Others 5,546,664,325 6,867,993,110 Ⅲ GROSS PROFIT 96,993,412,865 78,913,075,245 Ⅳ Selling and administrative expenses 83,427,549,559 68,039,065,564 1. Payroll 44,943,123,110 35,391,935,753 2. Provision for severance indemnities 3,295,650,259 2,490,951,601 3. Fringe benefits 7,496,050,217 5,794,716,625 4. Entertainment 2,086,120,712 1,899,740,633 5. Depreciation 1,416,088,393 875,702,851 6. Amortization 567,489,591 428,477,891 7. Taxes and dues 959,222,426 557,030,146 8. Advertising 513,002,212 371,900,677 9. Research Expenses 4,554,240,537 4,125,301,461 10. Commission 2,658,979,706 2,612,101,143 11. Training 948,892,996 653,854,418 12. Insurance 15,202,327 20,232,370 13. Overseas Maketing Expenses 1,810,213,074 1,121,295,620 14. Water and heating 1,389,152,974 1,109,816,336 15. Travel 2,570,635,522 1,560,484,741 16. Communication 779,962,280 722,443,129 17. Supplies 490,849,136 435,354,916 18. Books 217,203,054 201,677,965 19. Repair 399,084,847 310,937,711 20. Car maintenance 1,071,063,918 959,961,316 21. Rent 4,731,337,245 3,361,077,288 22. Bad debts expense - 1,688,608,630 23. Recovery of bad debt provision (1,139,901,363) (19,766,200) 24. Others 1,653,886,386 1,365,228,543
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 64 2 0 1 1 G I I R A n n u a l R e p o r t 6 4 GIIR Inc.(Income Statement-Continued) ACCOUNT 28th(2011) 27th(2010) [in Korean Won] V OTHER OPERATING REVENUES 4,229,264,312 3,725,710,341 1. Gain on Foreign Currency Transactions 3,173,582,742 2,207,989,920 2. Gain on Foreign Currency Translation 688,814,143 308,057,952 3. Gain on disposal of property and equipment 6,037,000-4. Gain on disposal of other non-financial instruments - 1,100,000,000 5. Others 360,830,427 109,662,469 VI OTHER OPERATING EXPENSES 4,987,914,679 3,081,618,195 1. Loss on Foreign currency transactions 3,406,105,914 2,218,580,512 2. Loss on Foreign currency translation 363,294,486 357,983,939 3. Loss on disposal of property and equipment 37,864,840 15,501,307 4. Impairment loss on tangible fixed assets 594,348,755-5. Provisions for Restoration 8,452,522 6,524,860 6. Others 577,848,162 483,027,577 Ⅶ OPERATING INCOME 12,807,212,939 11,518,101,827 ⅦI FINACIAL INCOME 3,263,832,826 3,080,366,368 1. Interest income 2,297,588,118 2,377,372,482 2. Gain on Foreign Currency Translation 288,951,064 232,081,740 3. Gain on Foreign Currency Transactions 79,473,289 10,720,474 4. Dividend income 112,866,940 51,948,400 5. Gain on disposition of held-for-trading derivative assets 470,947,035 353,520,106 6. Gain on valuation of held-for-trading derivative assets 14,006,380 54,723,166 Ⅸ FINACIAL EXPENSES 5,116,770,188 1,242,231,733 1. Interest expense 366,133,909 433,143,140 2. Impairment loss for available-for-sale financial assets 3,846,365,620-3. Losses on Foreign currency translation 496,533,454 237,776,710 4. Losses on Foreign currency transactions 38,175,842 200,726,279 5. Loss on disposition of held-for-trading derivative assets 364,216,830 265,123,773 6. Loss on valuation of held-for-trading derivative assets 219,441 293,233 7. Loss on disposition of held-to-maturity financial assets 125,092 168,598 8. Donations 5,000,000 105,000,000
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 65 2 0 1 1 G I I R A n n u a l R e p o r t 6 5 GIIR Inc.(Income Statement-Continued) Ⅹ ACCOUNT 28th(2011) 27th(2010) INCOME BEFORE INCOME TAX EXPENSE [in Korean Won] 10,954,275,577 13,356,236,462 XI INCOME TAX EXPENSE 4,188,776,595 2,363,357,094 ⅩII INCOME FROM 6,765,498,982 10,992,879,368 CONTINUING OPERATIONS ⅩⅢ INCOME FROM DISCONTINUED OPERATIONS 774,588,379 488,859,445 ⅩⅣ NET INCOME 7,540,087,361 11,481,738,813 ⅩV OTHER COMPREHENSIVE INCOME 881,715,181 (235,332,559) 1. Gain on valuations ond Available-for -salefinancial assets 1,491,399,964 804,606,504 2. Gain on Foreign currency translation adjustments 65,183,518 35,586,233 3. Actuarial gains and losses (674,868,301) (1,075,525,296) ⅩⅥ TOTAL COMPREHENSIVE INCOME 8,421,802,542 11,246,406,254 ⅩⅦ INCOME ATTRIBUTABLE TO 1. Income attributable to controlling interest 7,710,515,240 11,611,287,669 2. Loss attributable to non controlling interest (170,427,879) (129,548,856) ⅩⅧ COMPREHENSIVE INCOME ATTRIBUTABLE TO 1. Controlling interest net income 8,572,073,460 11,365,964,992 2. Non controlling interest net loss (150,270,918) (119,558,738)
*G2R 2011AR_( 내지 ):G2R AR Design 12. 3. 9. 오? 2:44 페이지 66