Statements of Cash Flows

12 Months Ended

Dec. 31, 2024

Disclosure Of Cash Flow Statement [Abstract]

Statements of Cash Flows

Statements of Cash Flows

(1)Cash generated from operations for the years ended December 31, 2024, 2023 and 2022 are as follows:


			2024						2023						2022
			(In millions of Korean won)
Profit for the year			₩	84,902					₩	131,982					₩	83,058
Depreciation expense			6,023						5,252						5,145
Amortization expense			3,211						2,406						1,917
Bad debt expenses			589						1,402						701
Unrealized foreign currency loss			2,026						1,595						1,311
Interest expense			135						162						127
Loss on disposal of property and equipment			6						—						—
Impairment loss on intangible assets			615						1,531						293
Impairment loss on other non-current assets			962						—						177
Post-employment benefit expense			127						23						66
Income tax expense			21,445						36,717						26,824
Unrealized foreign currency gain			(3,579)						(1,417)						(689)
Interest income			(17,059)						(11,492)						(4,501)
Gain on disposal of property and equipment			(8)						(20)						(15)
Others			—						6						6
Change in accounts receivable			(1,886)						2,365						(38,199)
Change in other receivables			2,748						(3,770)						899
Change in prepaid expenses			(4,493)						397						(104)
Change in prepayment			—						(1)						(1,641)
Change in other current assets			(124)						(696)						34
Change in other non-current assets			(2,318)						(3,486)						218
Change in accounts payable			(2,879)						(13,837)						43,900
Change in deferred revenue			5,984						(1,292)						4,915
Change in withholdings			(1,546)						(262)						(631)
Change in accrued expenses			226						255						547
Change in other current liabilities			—						165						301
Change in other non-current liabilities			467						2,247						15
Total			₩	95,574					₩	150,232					₩	124,674

(2)Significant non-cash transactions for the years ended December 31, 2024, 2023 and 2022 are as follows:


			2024						2023						2022
			(In millions of Korean won)
Reclassification of prepayment to intangible assets			₩	212					₩	102					₩	64
Increase of accounts payable relating to the acquisition of software			292						2,033						609
Acquisitions of right-of-use assets			4,912						4,704						1,209
Increase of accounts payable relating to the acquisition of other intangible assets			2,557						1,147						—
Reclassification of other non-current financial asset to other non- current assets			—						1,030						—

(3)Changes in liabilities arising from financing activities for the year ended December 31, 2024, 2023 and 2022 are as follows:


			2024						2023						2022
			(In millions of Korean won)
Beginning of the year			₩	6,562					₩	5,963					₩	8,730
Cash flows used in financing activities – Payment of lease liabilities			(4,525)						(4,083)						(3,918)
Cash flows from operating activities – Interest paid			(130)						(157)						(122)
Non-cash transactions
Acquisitions – leases			4,912						4,358						1,209
Interest expense			130						157						122
Others			(17)						260						(124)
Translation difference			189						64						66
Ending of the year			₩	7,121					₩	6,562					₩	5,963