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(Unit : KRW million)
4Q/06 3Q/07 4Q/07
 Ⅰ. Total Assets 349,458   392,684   381,972  
   1. Current Assets  220,853   274,669   271,145  
   2. Non-Current Assets  128,605   118,015   110,827  
Ⅱ. Total Liabilities   255,166   255,331   258,192  
   1. Current Liabilities 162,131   133,351   135,088  
   2. Non-Current Liabilities   93,034   121,981   123,104  
 Ⅲ.Total Shareholder’s Equity 94,292   137,352   123,780  
   1. Capital Stock 6,273   6,424   6,443  
   2. Additional Paid-in and Other Capital 118,188   130,743   132,800  
   3. Capital Adjustments  1,483   4,193   4,909  
   4. Accumulated Other Comprehensive
   Income  		 -19,232   -17,122   -16,273  
   5. Retained Earnings (Accumulated
    Deficit)  		 -26,807   -611   -11,936  
   6.Minority Interests 14,388   13,724   7,836  
 Debt to Equity Ratio 270.6%   185.9%   208.6%  
 Interest-bearing Debt to Equity  Ratio 79.4%   29.5%   34.0%  
(Unit : KRW million,%)
4Q/06 2Q/07 3Q/07 4Q/07 QoQ YoY
 Total  Consolidated  Revenue 122,545   146,008   149,813   146,403   -2.3%   19.5%  
 - Media SBU 47,914   52,758   56,246   60,982   8.4%   27.3%  
 - Finance SBU 69,345   88,557   88,103   79,734   -9.5%   15.0%  
 - Global SBU 5,285   4,694   5,464   5,688   4.1%   7.6%  
 Operating Costs 116,947   140,438   137,555   148,667   11,111   31,720  
 Operating Profit
 (After Minority
Interests)		 5,968   4,460   11,226   3,623   -7,604   -2,346  
 EBITDA
 (After Minority
 Interests)		 14,371   13,019   20,079   12,071   -8,008   -2,300  
 Non-operating profit 3,568   2,125   8,560   1,021   -7,538   -2,546  
 Non-operating  Expense  5,900   1,764   2,961   14,173   11,212   8,273  
 Recurring Profit 3,265   5,932   17,857   -15,415   -33,272   -18,680  
 Corporate Tax 2,099   1,317   -4,272   1,646   5,919   -452  
 Minority Interests   -668   1,205   1,290   -5,904   -7,195   -5,236  
 Net Income
 (After Minority
 Interests)		 1,835   3,409   20,839   -11,157   -31,996   -12,992  
(Unit : KRW million)
(Unit: KRW million) FY2006 FY2007 YoY
 1. Cash flows from operating activities 39,369   84,306   44,937  
 Net Income (Loss) 11,801   15,109   3,308  
 Depreciation 19,842   20,052   210  
 Amortization 18,858   16,405   -2,453  
 Impairment loss (gain) on intangible assets, net 31,223   12,522   -18,701  
 Accrual of severance benefits 2,076   3,692   1,616  
 Loss (gain) on foreign currency translation, net 1,310   -23   -1,333  
 Loss (gain) on valuation of equity-method investments, net 5,500   2,168   -3,332  
 Loss (gain) on disposal of equity-method investment, net 13,116   -6,168   6,948  
 Decrease (increase) in working capital 21,236   -1,105   20,131  
 - Others 16,890   21,654   38,544  
 2.Cash flows from investing activities 33,935   -47,097   -81,032  
 - Decrease (increase) of securities or financial instruments 15,863   -12,615   -28,478  
 - Disposal (acquisition) of PPE 3,228   -26,164   -29,393  
 - Disposal (acquisition) of intangible assets 1,263   -4,756   -3,493  
 - Others 16,107   -3,562   -19,669  
 3. Cash flows from financing activities 22,610   -14,145   8,465  
 - Proceeds from (repayment of) short-term borrowings 20,691   -21,402   -42,093  
 - Proceeds from (repayment of) long-term borrowings 0   -7,900   -7,900  
 - Increase (repayment) of bonds) 20,000   15,000   35,000  
 - Increase (repayment) of current portion of long-term debts 31,901   -30,352   1,550  
 - Increase (decrease) in capital lease obligation 4,030   0   4,030  
 - Proceeds from exercise of stock option 5,740   14,786   9,046  
 - Others 6,890   15,722   8,832  
 4. Cash flows from foreign currency translation 0   279   279  
 5. Cash flows from changes in subsidiaries 0   -913   -913  
 6. Net increase of cash (1+2+3+4+5) 50,694   22,431   -28,263  
 7. Beginning of the year 15,425   66,119   50,694  
 8. End of the year (6+7) 66,119   88,550   22,431  

 

 

1. Financial results for the quarter ended December 31, 2007, have been prepared based on consolidated
    financial statements of Daum Communications Corp. and its seven (7) subsidiaries before the completion of
    an external audit and, as such, figures may be subject to change after the completion of an audit.
    We made these consolidated financial results only with the companies of which shareholding ratio is over 50%.

 

* Subsidiaries

 (1) Media SBU: Namu Communications, ContentsPlug, Daum Service

 (2) Finance SBU: Daum Direct Auto Insurance

 (3) Global SBU: Lycos(US), Taon(Japan), Chihan(China)

 

2. There are tow reasons why the company has no need to report the consolidated financial results by the law.
    (1) The company has set up Daum Global Holdings, and had investment in kind with the stock of Daum
    International Corp.. Besides, Lycos USA, one of the subsidiaries of Daum Global Holdings, holds less than
    7 billion KRW, so that it is not supposed to be consolidated.
    (2) As the most shares of DAum Direct Auto Insurance were to be sold out to the ERGO, it is also out of
    duty of reporting consolidated results.

3. Goodwill write-off from Global SBU : Goodwill from the Global SBU, which had been a major expense factor,
    was written off as of December 31, 2007. The amount of goodwill written off includes KRW 11.3bn from Lycos US
    and KRW 0.9bn from Lycos Japan. Had the goodwill not been written off, the quarterly goodwill amortization
    would be KRW 1.5bn until the third quarter of 2009.

 

(Unit : KRW million)
4Q/06 3Q/07 4Q/07 QoQ YoY
 Ⅰ. Total assets 225,194   231,044   221,354   -9,429   -3,840  
   1.Current assets   69,996   88,669   87,957   -452   17,961  
   - Quick assets   69,996   88,669   87,957   -452   17,961  
   2.Non-current assets   155,197   142,374   133,397   -8,977   -21,800  
   - Investments   91,361   78,102   60,172   -17,930   -31,189  
   - Tangible assets   47,249   47,409   53,904   6,495   6,655  
   - Intangible and other non-current assets   16,588   16,863  19,321   2,458   2,733  
 Ⅱ. Total liabilities   141,031   109,261   106,570   -2,720   -34,461  
   1. Current liabilities   112,682   72,972   70,407   -2,645   -42,275  
   2. Non-current liabilities   28,349   36,289   36,163   -75   7,814  
 Ⅲ. Total shareholder’s equity  141,031   121,782   114,783   -6,710   30,621  
   1.Stockholder’s equity   6,273   6,424   6,443   19   170  
   2.Additional paid-in capital   105,573   118,128   120,244   2,116   14,671  
   3.Capital adjustments   2,175   4,885   5,604   719   3,429  
   4.Other cumulative gain/loss   -3,414   (8,311)   -7,134   1,177   -3,720  
   5.Retained earnings -26,445   656   -10,374   -10,740   16,071  
 Cash  8,580   17,271   21,515   4,244   12,934  
 Debt  74,622   40,556   38,117   -2,439   -36,505  
 Net Cash   -66,041   (23,285)   -16,603   6,683   49,439  

(Unit : KRW million)
Accounts 4Q/06 3Q/07 4Q/07 QoQ YoY
 Revenues 45,589   55,329   59,648   7.8%   30.8%  
 Operating costs 36,617   40,908   44,108   3,200   7,491  
 Operating profit 8,971   14,421   15,540   1,120   6,569  
 Non-operating revenues 1,493   6,224   692   -5,532   -801  
 Interest revenue 83   272   295   23   212  
 Gain on disposal of equity-method investments 2,821   6,149   0   -6,149   -2,821  
 Gain on equity method investments -1,480   -293   -11   282   1,469  
 Non-operating expenses 6,366   3,969   24,868   20,900   18,503  
 Interest expense   1,455   939   752   -187   -704  
 Equity method loss   2,755   1,491   23,915   22,423   21,160  
 Donations 141   907   180   -727   39  
 Net income before income taxes 4,099   16,676  -8,636   -25,312   -12,734  
 Income taxes 1,841   -4,112   2,109   6,221   268  
 Net income 2,258   20,787   -10,745   -31,532   -13,003