INCOME STATEMENT

2021 2020 2019

Revenue/Net sales 282,457 209,187 196,314 Current Assets:
Cost of Goods Sold 164,795 129,550 122,055
Gross Profit 117,662 79,637 74,259
Operating Expenses 32,499 28,754 25,774
Profit Before Tax 85,959 52,190 49,610
Income taxes 11,830 7,452 8,040
Net Profit/ Net Income 74,129 44,738 41,570

Non-Current Assets:

Total Assets

Current liabilities

Non-current liabilities

Total liabilites
Shareholders' Equity

Total Shareholders' Equity

Total Liabilities And Shareholde
 BALANCE SHEET
As of December 31, 2021
Asset 2021
rrent Assets:
Cash and cash equivalents 34,050
Available-for-sale investment securities 27,646
Accounts receivable 17,475
Inventories 5,178
Vendor non-trade receivables 16,433
Other current assets 13,641
Total Current assets 114,423
n-Current Assets:
Marketable securities 131,948
Property, plant and equipment, etc 38,615
Other non-current assets 44,854
Total non-current assets 215,417
al Assets 329,840
Liabilities And Shareholders' Equity
rent liabilities
Accounts payable 40,409
Other current liabilities 43,625
Deferred revenue 7,681
Commercial paper 8,000
Term debt 8,039
Total current liabilities 107,754
n-current liabilities
Term debt 105,752
Other non-current liabilities 52,054
Total non-current liabilities 157,806
al liabilites 265,560
reholders' Equity
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized;
16,686,305 and 16,976,763, shares issued and outstanding, respectively 54,989
Accumulated other comprehensive income/(loss) 58
Retained earnings 9,233
al Shareholders' Equity 64,280
al Liabilities And Shareholders' Equity 329,840
 Financial Ratio
2020 2019 Liquidity
Current Ratio
33,383 48,844 Current asset/Current liability
59,642 51,713 Quick Ratio (acid test)
17,882 22,926 (Current asset -Inventory)/Current Liabilitie
3,978 4,106 Equity ratio
14,193 22,878 Shareholder's
Debt-to-equityEquity/Total
ratio assets
10,987 12,352 Total liabilities/ Total equity
140,065 162,819 Solvency
Debt ratio (debt to asset)
100,592 105,341 Total liabilities/Total asset
35,687 37,378 Profitability
41,000 32,978 Gross profit margin
177,279 175,697 Gross Profit/Revenue *100
317,344 338,516 Profit margin ratio
Net Income/Revenue
Return on asset
35,325 46,236 Net income/Average total asset
35,005 37,720 Efficiency
6,313 5,522 Inventory turnover
11,166 5,980 Cost of good sold/Inventory
7,509 10,260 Total asset turnover
95,318 105,718 Net sales/Average total asset

94,048 91,807
55,696 50,503
149,744 142,310
245,062 248,028

48,696 45,174
(550) (584)
24,136 45,898
72,282 90,488
317,344 338,516
2021 2020 2019

1.06 1.47 1.54

1.01 1.43 1.50

0.19 0.23 0.27

4.13 3.39 2.74

0.81 0.77 0.73

41.66 38.07 37.83

0.26 0.21 0.21

0.26 0.16 0.15

31.83 32.57 29.73

0.86 0.66 0.58

 INCOME STATEMENT

2021 2020 2019 Asset

Revenue/Net Sales 636.807 891.368 858.368 Goodwill and intangible assets
Cost of Goods Sold 329.4 564.2 536.1 Interests in associates and join
Gross Profit 307.442 327.132 322.689 Other investments and derivat
Operating Expenses -246.827 -255.323 -244.854 Deferred tax assets
Profit Before Tax 121.945 72.304 78.023 Contract assets
Net Profit/ Net Income 113.718 64.649 62.656 Trade and bills receivable
Other assets
Non-current assets:

Current Assets
Total Assets

Liabilities And Share

Liabilities
Loans and borrowings
Deferred tax liabilities
Lease liabilities
Other liabilities
Noncurrent Liabilities

Current Liabilities
Total Liabilities
Shareholders' Equity
Equity attributable to equity ho
Non-controlling interests
Total Shareholders' Equity
Total Liabilities And Shareh
 BALANCE SHEET
As of December 31, 2021
Asset 2021 2020 2019
odwill and intangible assets 8.104 9.169 8.822
rests in associates and joint ventures 4.342 1.839 731
er investments and derivatives 30.194 10.244 7.266
erred tax assets 10.34 10.748 10.877
tract assets 1.207 1.648 2.2
de and bills receivable 3.113 3.963 4.54
er assets 10.493 11.048 5.196
n-current assets: 213.593 185.46 154.768
Inventories and other contract costs 161.306 167.667 167.39
Contract assets 51.337 51.954 50.812
Trade and bills receivable 76.234 74.741 85.525
Other assets 63.923 39.442 29.126
Other investments and derivatives 288.183 184.692 200.356
Cash and cash equivalents 128.395 172.898 170.684
rrent Assets 769.378 691.394 703.893
al Assets 982.971 876.854 858.661

Liabilities And Shareholders' Equity

bilities
ns and borrowings 162.276 141.27 104.531
erred tax liabilities 4.282 1.921 1.755
se liabilities 6.552 6.608 6.413
er liabilities 2.754 4.315 3.157
ncurrent Liabilities 175.864 154.114 116.869
Loans and borrowings 12.824 541 7.631
Employee benefits 99.927 105.245 98.375
Income tax payable 2.755 3.979 3.909
Trade and bills payable 81.694 78.977 142.185
Contract liabilities 78.149 71.948 69.327
Lease liabilities 2.952 3.042 3.274
Other liabilities 96.711 104.308 106.005
Provisions 17.443 24.292 15.549
rrent Liabilities 392.455 392.332 446.255
al Liabilities 568.319 546.446 563.124
reholders' Equity
ity attributable to equity holders of the Company 414.557 330.325 295.106
n-controlling interests 95 83 431
al Shareholders' Equity 414.652 330.408 295.537
al Liabilities And Shareholders' Equity 982.971 876.854 858.661
 Financial Ratio 2021 2020 2019
Liquidity
Current Ratio
Current asset/Current Liabilities 1.96 1.76 1.58
Quick Ratio (acid test)
(Current asset -Inventory)/Current Liabilitie 1.55 1.33 1.2
Equity ratio
Shareholder's
Debt-to-equityEquity/Total
ratio assets 0.42 0.38 0.34
Total liabilities/ Total equity 1.37 1.65 1.9
Solvency
Debt ratio (debt to asset)
Total liabilities/Total asset 0.58 0.62 0.65
Profitability
Gross profit margin
Gross Profit/Revenue *100 48.28 36.7 37.59
Profit margin ratio
Net Income/Revenue 0.18 0.07 0.07
Return on asset
Net income/Average total asset 0.13 0.07 0.07
Efficiency
Inventory turnover
Cost of good sold/Inventory 2.04 3.37 3.2
Total asset turnover
Net sales/Average total asset 0.7 0.98 0.95
 INCOME STATEMENT

2021 2020 2019

Revenue/Net Sales 244,388,604 206,981,172 197,690,938
Cost of Goods Sold 145,451,851 126,290,010 126,335,995
Gross Profit 98,936,753 80,691,162 71,354,943
Operating Expenses 45,130,577 31,460,451 23,523,522
Net Income Before Tax 46,632,170 31,767,453 25,780,004
Taxation 11,751,059 8,685,685 7,364,371
Net Income After Tax 34,881,111 23,081,768 18,415,633
 BALANCE SHEET
As of December 31, 2021
Asset
Current Assets
Cash and cash equivalents
Short-term financial instruments
Short-term financial assets at amortized cost
Short-term financial assets at fair value through profit or lo
Trade receivables
Non-trade receivables
Prepaid expenses
Inventories
Other current assets
Assets held-for-sale
Total Current Assets
Non-current assets
Total Assets

Liabilities And Shareholders' Equity

Liabilities
Accrued expenses
Other current liabilities
Total Current Liabilities
Long-Term Debt
Deferred Income Tax Liabilities
Other Noncurrent Liabilities
Total Liabilities
Shareholders' Equity
Retained earnings
Noncontrolling interest
Total Shareholders' Equity
Total Liabilities And Equity
1
2021 2020 2019 Financial Ratio
25,681,845 Liquidity
34,115,412 22,775,922 Current Ratio
71,417,748 80,798,680
2,409,853 64,595,361 Current asset/Current liability
2,944,705 3,315,848 Quick Ratio (acid test)
35.624 62.452 1,463,362 (Current asset - Inventory)/Current Liabiliti
35,585,565 27,065,012 29,760,796 Equity ratio
3,930,828 3,150,548 3,540,256 Shareholder's Equity/Total assets
Debt-to-equity ratio
2,042,001 1,980,685 2,038,380
36,172,043 28,007,314 22,674,661 Total liabilities/ Total equity
4,441,629 3,281,589 3,492,215 Solvency
- 812.370 - Debt ratio (debt to asset)
190,685,555 173,250,348 153,656,801 Total liabilities/Total asset
182,202,713 157,346,621 145,010,976 Profitability
372,888,268 330,596,969 298,667,777 Gross profit margin
Gross Profit/Revenue *100
2021 2020 2019 Profit margin ratio
Net Income/Revenue
24,410,498 21,265,935 20,610,947 Return on asset
1,304,292 985.685 878.499 Net income/Average total asset
77,018,789 66,081,991 54,032,260 Efficiency
2,505,164 1,747,852 1,861,297 Inventory turnover
20,276,394 16,441,621 3,865,469 Cost of good sold/Inventory
1,107,582 1,508,485 2,040,645 Total asset turnover
106,390,451 89,404,577 75,974,024 Net sales/Average total asset

256,153,287 236,927,198 215,664,672

7,571,227 7,235,111 6,747,343
266,497,817 241,192,392
330,596,969 222,693,753
372,888,268 298,667,777
2021 2020 2019

2.47 2.62 2.8

2 2.2 2.39

0.71 0.73 0.75

0.4 0.37 0.34

0.28 0.27 0.26

40.48 38.98 36.09

0.14 0.11 0.09

0.09 0.07 0.06

4.02 4.5 5.57

0.65 0.62 0.66