SK Communications

Balance Sheet (Consolidated)

(Units : mn KRW, %)

Balance Sheet (Consolidated) Table
ITEM	4Q 2012	3Q 2012	QoQ	4Q 2011	YoY
Current Assets	99,599	126,651	-21.4%	141,708	-29.7%
Non-Current Assets	166,220	174,707	-4.9%	174,477	-4.7%
Total Assets	265,819	301,358	-11.8%	316,185	-15.9%
Current Liabilities	64,811	70,444	-8.0%	71,928	-9.9%
Non-Current Liabilities	5,672	16,286	-65.2%	12,229	-53.6%
Total Liabilities	70,483	86,730	-18.7%	84,156	-16.2%
Capital stock	21,712	21,712	0.0%	21,703	0.0%
Other payment capital	196,809	196,809	0.0%	196,727	0.0%
Retained earnings	-24,632	-4,864	-406.5%	10,861	-326.8%
Elements of other stockholder's equity	1,447	970	49.1%	2,738	-47.1%
Total Stockholder's Equity	195,336	214,628	-9.0%	232,029	-15.8%

Income Statement (Consolidated)

(Units : mn KRW, %)

Income Statement (Consolidated) Table
ITEM	4Q 2012	3Q 2012	QoQ	4Q 2011	YoY
Revenue	43,130	49,448	-12.8%	64,317	-32.9%
Operating Expense	59,118	61,200	-3.4%	68,866	-14.2%
Operating Income	-15,988	-11,752	-36.0%	-4,549	-251.5%
Other Income	2,431	1,780	36.6%	838	189.9%
Other Expense	2,652	854	210.5%	110	2311.8%
Income Before Income Tax	-16,209	-10,827	-49.7%	-3,361	-382.3%
Income Tax Expense	-1,526	-2,586	41.0%	-1,453	-5.1%
Income/Loss from Continued Operations	-14,683	-8,241	-78.2%	-1,908	-669.5%
Income/Loss from Discontinued Operation	12	-	-	-148	108.3%
Net Income	-14,671	-8,241	-78.0%	-2,056	-613.7%

Financial Statements Analysis Summary

Financial Statements Analysis Summary Table
ITEM	4Q 2012	3Q 2012	QoQ	4Q 2011	YoY
Return On Equity(ROE)	-7.5%	-3.8%	-95.6%	-0.9%	-747.8%
Revenue Growth Rate	-12.8%	-6.1%	-109.5%	-8.3%	-53.9%
Debt Ratio	36.1%	40.4%	-10.7%	36.3%	-0.5%
Time Interest Earned (x)	-	-	-	-3718.8	-

Balance Sheet

(Units : mn KRW, %)

Balance Sheet Table
ITEM	2012.12.31		2011.12.31		2010.01.01
ITEM	Value	YoY	Value	YoY	Value	YoY
Current Assets	99,599	-29.7%	141,708	-11.7%	160,493	20.0%
Non-Current Assets	166,220	-4.7%	174,477	7.7%	161,951	-1.2%
Total Assets	265,819	-15.9%	316,185	-1.9%	322,443	8.3%
Current Liabilities	64,811	-9.9%	71,928	-14.0%	83,599	14.4%
Non-Current Liabilities	5,672	-53.6%	12,229	2.6%	11,920	17.8%
Total Liabilities	70,483	-16.2%	84,156	-11.9%	95,519	14.8%
Capital Stock	21,712	0.0%	21,703	0.1%	21,678	0.3%
Other payment capital	196,809	0.0%	196,727	0.1%	196,476	0.3%
Retained earnings	-24,632	-326.8%	10,861	56.1%	6,959	285.5%
Elements of other stockholder's equity	1,447	-47.1%	2,738	51.1%	1,811	178.2%
Total Stockholder's Equity	195,336	-15.8%	232,029	2.2%	226,925	5.8%
Total Liabilities and Stockholder's Equity	265,819	-15.9%	316,185	-1.9%	322,443	8.3%

Income Statement

(Units : mn KRW, %)

Income Statement Table
ITEM	2012		2011		2010
ITEM	Value	YoY	Value	YoY	Value	YoY
Revenue	197,153	-24.3%	260,573	8.0%	242,630	17.7%
Operating Expense	244,069	-4.7%	256,209	17.6%	218,440	1.6%
Operating Income	-46,916	-1175.0%	4,364	-77.9%	24,190	373.8%
Other Income	10,165	93.7%	5,247	-19.6%	4,611	49.2%
Other Expense	6,097	172.8%	2,235	-74.1%	6,565	26.1%
Income Before Income Tax	-42,848	-680.9%	7,376	-66.9%	22,235	303.0%
Income Tax Expense	-7,502	-358.4%	2,904	-40.8%	4,932	260.6%
Income/Loss from Continued Operations	-35,346	-890.3%	4,473	-74.3%	17,303	319.5%
Income/Loss from Discontinued Operation	12	105.3%	-231	96.9%	-6,442	-159.8%
Net Income	-35,333	-932.9%	4,242	-60.9%	10,862	275.1%

Statement of Cash Flow

(Units : mn KRW, %)

Statement of Cash Flow Table
ITEM	2012		2011		2010
ITEM	Value	YoY	Value	YoY	Value	YoY
Cash Flows from Operating Activities	-14,925	-246.9%	10,162	-79.3%	48,989	11.9%
Cash Flows from Investing Activities	5,319	113.3%	-40,029	-13.6%	-35,247	-75.0%
Cash Flows from Financing Activities	92	-66.6%	275	-51.2%	563	-28.2%
Increases(Decreases) in Cash	-9,514	67.8%	-29,592	-306.9%	14,306	71.7%
Cash at the Beginning of the Period	35,020	-45.8%	64,612	28.4%	50,306	19.9%
Cash at the End of the Period	25,506	-27.2%	35,020	-45.8%	64,612	28.4%

SK communications