By differentiating the core competencies and securingthe competitive advantages, Hyundai Corporationachieveslong-term growth and sustainable and stable profits.
Separate Statements of Income
(in thousands of Korean won thousands of US dollars except per share amounts)
| Notes | 2011 | 2010 | |
|---|---|---|---|
| [Net sales] | 5,18,28,38 | ₩ 5,030,784,326 | ₩ 3,633,796,316 |
| [Cost of sales] | 58,38 | (4,889,592,754) | (4,239,654) |
| [Gross profit] | 141,191,572 | 111,275,918 | |
| Seling, marketing and administrative expenses | 30 | (67,038,536) | (55,770,414) |
| Other operationg income | 31 | 177,890,022 | 131,714,525 |
| Other operationg expenses | 31 | (164,149,733) | (132,787,563) |
| [Operating income] | 87,893,325 | 54,432,466 | |
| Loss on disposal of shares of subsidiaries | 17 | (1,333,646) | – |
| Financial income | 32 | 42,173,925 | 10,788,639 |
| Financial expenses | 32 | (50,067,761) | (17,880,934) |
| [Income before income tax] | 78,665,843 | 47,340,171 | |
| Income tax expense | 25 | (11,094,309) | (4,250,702) |
| [Income for the period] | ₩ 67,571,534 | ₩ 43,089,469 |
