Genie Music : 30% or More Change in Sales or Profit/Loss(15% or more in the case of large-scale corporations)
February 08, 2022 at 08:22 am
Share
30% or More Change in Sales or Profit/Loss(15% or more in the case of large-scale corporations)
1. Type of Financial Statements
Consolidated Financial Statements
2. Details of Changes in Sales or Profit/Loss (KRW)
Current Fiscal Year
Previous Fiscal Year
Amount Increased/ Decreased
Increase/ Decrease Rate (%)
- Sales(Limited to the amount of Revenue according to sales of goods and services provided)
252,689,960,233
246,967,532,160
5,722,428,073
2.3
- Operating Income
11,782,801,323
11,463,451,334
319,349,989
2.8
- Profit from continuing operation before corporate income tax
-1,865,714,493
12,107,086,877
-13,972,801,370
turn to loss
- Net Income
-3,663,857,725
9,471,844,621
-13,135,702,346
turn to loss
- Applicability of Large-scale Corporation
No
3. Financial Status (KRW)
Current Fiscal Year
Previous Fiscal Year
- Total Assets
308,592,269,977
250,537,976,853
- Total Liabilities
198,334,406,624
88,487,569,863
- Total Shareholders' Equity
110,257,863,353
162,050,406,990
- Capital Stock
29,057,719,000
29,057,719,000
4. Main Reasons for Changes in Sales or Profits/Losses
- Changed in financial statement types and profit and loss structure due to new incorporation of consolidated subsidiary(BOOK CLUB MILLIE).
- Decreased in Profit from continuing operation before corporate income tax and Net income due to reflection of financial expenses of consolidated subsidiary(Accounting cash outflows such as loss on valuation of derivatives).
5. Date Of Board Of Directors Resolution(Decision Date)
2022-02-08
- Attendance of Outside Directors
Present(No.)
3
Absent(No.)
-
- Attendance of Auditors(members of Audit Committee)
-
6. Other references concerning investment decisions
1. The above information is presented in accordance with K-IFRS, and the current fiscal year figures(FY2021) are based on the consolidated financial statements, and previous fiscal year figures(FY2020) are based on non-consolidated financial statements.
2. The financial figures for the previous fiscal year were presented based on non-Consolidated audit reports for the previous fiscal year.
3. The financial statements for the current fiscal year have been prepared as consolidated financial statements from the current year due to the acquisition of shares by 'BOOK CLUB MILLE' on september 30th, 2021.
4. For the convenience of investors using the financial statements, the separate financial statements are compared and presented as follows.
※ Genie Music sales results based on separate financial statements.
5. The above statements are subject to change after the audit of independent auditors and the approval of the annual shareholders' meeting.
※Relevant Disclosure
-
Note that this disclosure includes the un-audited information and some of the details may be changed according to the audit results
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Genie Music Corporation published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 08:21:04 UTC.
GENIE MUSIC CORPORATION, formerly KT Music Corporation, is a Korea-based company mainly engaged in the music business. The Company mainly operates business to consumer (B2C) business, business to business (B2B) business and contents investment distribution business. Its B2C music business provides online music download and streaming services through its music portal site, named ollehmusic, www.ollehmusic.com. Its B2B music business provides digital music services such as application service provider (ASP) and music in store services through music manager Website. It also operates music contents investment and distribution business. On June 24, 2013, the Company merged with wholly owned subsidiary, which is mainly engaged in the sound source mediation business.
GENIE MUSIC CORPORATION 
