Investors | Vieworks

Financial Statements

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Consolidated Balance Sheets

Consolidated Balance Sheets
Separate Balance Sheets
Consolidated Statements of Income
Separate Income Statements
Consolidated Statements of Cash Flows
Separate Statements of Cash Flows

Consolidated Balance Sheets

(mn KRW)

Consolidated Balance Sheets
item	2024	2023	2022	2021	2020	2019
item	Value	Value	Value	Value	Value	Value
Current Assets	184,295	184,653	189,322	156,720	118,201	124,411
Non-Current Assets	138,600	108,020	99,087	84,122	78,668	56,603
Total Assets	322,895	292,673	288,409	240,843	196,869	181,014
Current Liabilities	59,829	72,387	76,008	49,596	24,956	16,882
Non-Current Liabilities	26,269	4,642	3,083	3,013	1,325	2,679
Total Liabilities	86,098	77,029	79,090	52,608	26,281	19,561
Common Stock	5,001	5,001	5,001	5,001	5,001	5,001
Capital Surplus	10,228	10,228	10,228	10,228	10,307	10,307
Retained Earnings	245,765	228,022	221,203	200,077	170,825	151,839
Elements of Other Shareholder's Equity	-24,035	-27,639	-27,230	-27,270	-15,879	-5,731
Total Shareholders' Equity	236,797	215,645	209,319	188,234	170,588	161,454

Separate Balance Sheets
item	2024	2023	2022	2021	2020	2019
item	Value	Value	Value	Value	Value	Value
Current Assets	172,002	174,821	180,110	147,855	107,007	118,629
Non-Current Assets	144,618	117,468	109,220	93,184	89,947	62,629
Total Assets	316,621	292,289	289,330	241,040	196,954	181,258
Current Liabilities	54,238	69,602	73,149	47,167	22,971	14,735
Non-Current Liabilities	22,294	3,719	2,718	2,334	1,209	2,479
Total Liabilities	76,531	73,321	75,868	49,501	24,180	17,214
Common Stock	5,001	5,001	5,001	5,001	5,001	5,001
Capital Surplus	10,190	10,190	10,190	10,190	10,190	10,190
Retained Earnings	250,709	229,588	224,082	202,158	172,530	154,727
Elements of Other Shareholder's Equity	-25,811	-25,811	-25,811	-25,811	-14,947	-5,874
Total Shareholders' Equity	240,089	218,968	213,462	191,539	172,774	164,044

Consolidated Statements of Income
item	2024	2023	2022	2021	2020	2019
item	Value	Value	Value	Value	Value	Value
Sales	222,898	220,251	237,929	193,139	160,264	136,010
Cost of Sales	127,312	124,956	128,512	97,446	77,607	64,083
Gross Profit	95,586	95,294	109,417	95,693	82,657	71,927
Selling and Administrative Expenses	73,255	76,558	65,759	60,885	53,591	45,501
Operating Income	22,331	18,736	43,658	34,809	29,066	26,426
Finance Income	12,241	5,452	7,114	8,419	4,130	5,383
Finance Costs	6,061	6,854	17,452	4,475	5,373	1,899
Income Before Taxes	25,601	16,689	33,059	39,610	27,980	30,160
Income Tax Expenses	4,508	1,929	6,600	6,110	5,021	5,840
Net Income	21,094	14,759	26,459	33,500	22,959	24,320

Separate Income Statements
item	2024	2023	2022	2021	2020	2019
item	Value	Value	Value	Value	Value	Value
Sales	210,570	208,197	226,546	182,722	147,531	125,453
Cost of Sales	121,844	119,662	124,436	94,569	72,500	59,556
Gross Profit	88,726	88,536	102,110	88,153	75,031	65,897
Selling and Administrative Expenses	64,395	69,268	57,779	52,384	47,169	39,571
Operating Income	24,331	19,269	44,331	35,769	27,862	26,326
Finance Income	11,947	5,031	6,594	8,065	3,912	5,286
Finance Costs	5,726	6,641	17,192	4,421	5,137	1,794
Income Before Taxes	29,249	15,214	33,795	39,777	26,697	29,632
Income Tax Expenses	4,618	1,858	6,437	5,927	4,987	5,857
Net Income	24,632	13,356	27,357	33,850	21,710	23,775

Consolidated Statements of Cash Flows
item	2024	2023	2022	2021	2020	2019
item	Value	Value	Value	Value	Value	Value
Cash Flows from Operating Activities	35,585	23,255	-1,496	16,166	6,287	18,682
Cash Flows from Investing Activities	-48,511	-16,714	-18,804	-11,517	-13,288	-11,612
Cash Flows from Financing Activities	-1,151	-7,185	21,158	-2,995	-6,928	-2,024
Increases (Decreases) in Cash	-12,581	-208	-466	1,903	-13,525	6,582
Cash at the Beginning of the Period	40,813	41,022	41,488	39,585	53,111	46,529
Cash at the End of the Period	28,232	40,813	41,022	41,488	39,585	53,111

Separate Statements of Cash Flows
item	2024	2023	2022	2021	2020	2019
item	Value	Value	Value	Value	Value	Value
Cash Flows from Operating Activities	37,708	22,763	-1,900	15,665	7,264	17,272
Cash Flows from Investing Activities	-48,890	-18,062	-18,722	-9,591	-18,075	-11,684
Cash Flows from Financing Activities	-2,832	-6,986	22,693	-2,395	-6,185	-3,024
Increases (Decreases) in Cash	-12,532	-1,846	748	3,990	-16,823	4,100
Cash at the Beginning of the Period	33,470	35,316	34,568	30,579	47,402	43,302
Cash at the End of the Period	20,939	33,470	35,316	34,568	30,579	47,402

“Vieworks Co., Ltd.” (hereinafter referred to as "Company") highly regards personal information of its users and accordingly does its best to comply with relevant laws and regulations including the Act on Promotion of Information and Communications Network Utilization and Information Protection, etc. and the Personal Information Protection Act. The Company has the processing policy hereunder to protect personal information and rights of its users and smoothly process personal information related complaints. The Company informs users of how and for what purposes it collects personal information of users and what measures it takes to protect it. This personal information processing policy is subject to change according to amendment of relevant laws and regulations and the revision of the Company policy. Should it be revised, the Company will post it under the notice page on the website of the Company (www.vieworks.com) or notify each user in writing, e-mail, phone call, SMS, etc. This policy shall go into effect as of January 1st, 2018. 1. Purposes of Processing Personal Information The Company uses and processes collected personal information for the following purposes: The Company won’t use the processed personal information for purposes other than those specified below. Should the Company change any of them, the Company will acquire prior consent of each information provider. A. Response to Customer Inquiry: The Company processes personal information for the purpose of contacting customers in order to check and respond to inquiries as follows and to notify the processing result. ᆞ Product and service related inquiries ᆞ Product purchase inquiries and quotation requests B. Service Provision: The Company processes personal information for the purpose of providing services and contents as follows. ᆞ Product catalog ᆞ Product user’s manual 2. Personal Information Items to Be Collected and How to Collect The Company prohibits the collection, use, and storage of personal information through the membership subscription in order to protect the personal information of users and to prevent information leakage. The Company separately collects the minimum information required for the website service and destroys the collected information after processing. A. Collected Items: Name, company, country, and email address B. How Personal Information is Collected ᆞ Each user directly enters information on the website of the Company. ᆞ Collection by phone call, fax, e-mail, etc. ᆞ Automatic collection by the log analysis program, etc. (access logs such as access IPs, cookies, use records, etc.) 3. Personal Information Retention and Usage Period The Company destroys personal information without delay after the purposes of its collection and use are achieved. However, if it is necessary to retain personal information of users according to the relevant laws and regulations, the Company retains it for the period set in the said laws and regulations as specified below:

Items to Retain	Retention Period	Legal Basis
Records of contracts, subscription withdrawals, etc.	5 years	Act on the Consumer Protection in Electronic Commerce, etc.
Records of payments, supply of goods, etc.	5 years	Act on the Consumer Protection in Electronic Commerce, etc.
Processing records of consumer complaints or disputes	3 years	Act on the Consumer Protection in Electronic Commerce, etc.
Records related to the collection, processing, and usage consent of credit information	3 years	Credit Information Use and Protection Act
Display and advertisement related records	6 months	Act on the Consumer Protection in Electronic Commerce, etc.
Log records of users including the Internet, tracking data on access points of users, and other communication check data	3 months / 12 months	Protection of Communications Secrets Act
Preservation of records on user identity authentication	6 months	Act on the Promotion of Information and Communications Network Utilization and Information Protection, etc.

※ However, if a member agrees to extend the period, his/her records will be retained for the period agreed. 4. Matters on Provision of Personal Information to Third Parties In principle, the Company does not provide personal information of users to external parties. However, exceptions apply as follows: ᆞ A user provides prior consent on disclosure or provision to third parties. ᆞ An investigative authority requests in accordance with the provisions, procedures, and methods specified in relevant laws and regulations for the purpose of investigation. ᆞ Personal information is provided for purposes of statistics, academic studies, etc. in the form by which specific individuals cannot be identified. 5. Rights of Users and Their Legal Representatives and How to Exercise the Rights A user and his/her legal representative are entitled to exercise their rights to make requests to view, correct, delete, cease processing the registered data on his/her personal information at any time. Send an e-mail request to the Personal Information Protection Manager if you want to exercise any of the above stated rights, and the Company will take action immediately. If a user requests to correct his/her personal information, the Company shall not use or provide it to third parties until it is entirely corrected. However, the Company may refuse to allow the viewing of or correct personal information as a whole or in part in the following cases: ᆞ There is a risk of significant damage to life, body, property, or interest of the user himself/herself or others. ᆞ There is a risk of interfering with the Company’s business significantly. ᆞ Granting the request would be in violation of the relevant laws and regulations. The Company processes personal information that has been deleted/has ceased to be processed upon the request of the user or his/her legal representative in the manner described in “Article 3. Personal Information Retention and Usage Period” and renders it so that it cannot be viewed or used for any other purpose. Each user is requested to keep his/her personal information up-to-date and correct. A user shall be responsible for incidents that occur due to incorrect information he/she entered. If he/she enters fraudulent information, including the misappropriated information of others, his/her service use may be restricted. Together with the right to personal information protection, a user and his/her legal representative are obliged to protect his/her own information and not to infringe upon the information of others. A user and his/her legal representative are requested to be careful not to leak his/her personal information and not to damage personal information of others, including postings. If such responsibilities are not fulfilled and information and dignity of others are damaged, the offending party may be subject to punishment according to the Act on the Promotion of Information and Communications Network Utilization and Information Protection, etc. or other relevant laws and regulations. 6. Personal Information Destruction Procedure and Method In principle, the Company destroys personal information without delay after the purpose of its processing is achieved. The destruction procedure, due date, and method are as follows: A. Destruction Procedure After the purpose of the information entered by a user is achieved, the Company destroys it immediately or moves it to a separate DB (transfer to a separate document if written on paper), retains it for a certain period, and then destroys it according to the Company policy or other relevant laws and regulations. At this point, personal information moved to the DB shall not be used for purposes other than legal compliance. B. Destruction Due Date The Company destroys personal information of a user within 5 days from the expiry date of its retention period or within 5 days from the date when its processing is recognized as not required no longer needed because its processing purpose is achieved, the applicable service is abolished, or the applicable business is terminated. C. Destruction Method The Company erases personal information stored in the form of electronic file using a technical method so that the record cannot be restored. The Company destroys printed hard copies of personal information by shredding or incinerating it. 7. Matters on Installation, Operation, and Rejection of Automatic Personal Information Collection System The Company operates tools such as cookies that store and retrieve personal information of users. A cookie is a tiny amount of data which the http server that is used to operate the Company’s website transmits to the browser of users. Sometimes it is stored in the user’s computer hard disk. A. Purpose of Using Cookies, etc. ᆞ It is used to analyze access types, visit times, access frequencies, etc. of users to provide optimal information to the users. ᆞ It is used for various marketing services, statistical analysis, etc. B. How to Reject Cookie Setting ᆞ Users have the right to block or allow cookies. Therefore, users can set the option on their web browsers to choose whether to allow all cookies, allow cookies after confirmation, or block all cookies. However, if a user chooses to block cookies, he/she may experience difficulties in using certain services. ᆞ If you want to change the cookie related setting, check Tools > Internet Option > Personal Information from the top of your web browser. 8. Personal Information Protection Manager The Company designates Personal Information Protection Manager, who is responsible for fully managing personal information processing works, including handling of personal information related complaints and damage relief of information subjects, as follows: Personal Information Protection Manager ᆞ Name: Huyngtai Kim, Managing Director ᆞ Phone: +82-70-7011-6166 ᆞ Fax: +82-31-386-8631 ᆞ E-mail: privacy@vieworks.com ※ Your inquiry will be directed to the Personal Information Protection Department. The Company will promptly respond to complaints of users. 9. Security Measures for Protecting Personal Information To protect personal information against loss, theft, leakage, falsification, and damage during the handling personal information as per the Personal Information Protection Act, the Company takes security measures as follows:

1. Regular In-house Audit The Company regularly holds in-house audit to ensure security of personal information handling. 2. Minimization and Training of Personal Information Handling Employees The Company designates a number of employees for handling personal information and taking control measures and keeps that number to a minimum. 3. Establishment and Execution of Internal Management Plan The Company establishes and executes the internal management plan for securing personal information processing. 4. Technical Measures against Hacking, etc. The Company regularly updates and inspects security software to prevent leakage of or damage to personal information by hacking or viruses. The data storage systems are installed in areas with limited access from the outside and are under physical and technical surveillance and monitoring. 5. Storage and Tampering Prevention of Access Logs The Company stores and manages the logs of access to the personal information processing system for at least six months and have security features in place to prevent the access logs from being tampered with, stolen, or lost. 6. Restricted Access to Personal Information The Company takes necessary measures such as authorizing, changing, and canceling access to the personal information database to restrict access to personal information and deploys an intrusion protection system to prevent any unauthorized access from the outside. 7. Use of Locking Device for Document Security The Company keeps paper materials, secondary storage media, etc. containing personal information in secure places with locking devices. 8. Restricted Access for Unauthorized Personnel The Company has set up separate physical storage facilities for the personal information system that stores personal information and implemented and operates access control procedures for the facilities.

10. Revision of Personal Information Processing Policy The Company applies this personal information processing policy from the effective date stated above. If the Company has to add, delete, or correct any of this policy due to changes in the relevant laws and regulations or the Company’s policy, the Company shall post it under the notice page on its website 7 days before the change takes place. A user provides prior consent on disclosure or provision to third parties. ᆞ An investigative authority requests in accordance with the provisions, procedures, and methods specified in relevant laws and regulations for the purpose of investigation. ᆞ Personal information is provided for purposes of statistics, academic studies, etc. in the form by which specific individuals cannot be identified.