LG Display Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on January 23, 2018, reports a material change in revenues or income exceeding 15% for LG Display Co., Ltd. The filing presents consolidated K-IFRS financial data for the fiscal year ended December 31, 2017, compared to the prior year 2016.
Key Financial Metrics
| Metric (KRW K) | 2017 | 2016 | YoY Change | % Change |
|---|---|---|---|---|
| Revenues | 27,790,215,889 | 26,504,073,995 | 1,286,141,894 | 4.9% |
| Operating Income | 2,461,618,169 | 1,311,415,549 | 1,150,202,620 | 87.7% |
| Income Before Tax | 2,332,631,739 | 1,316,234,427 | 1,016,397,312 | 77.2% |
| Net Income | 1,937,051,629 | 931,508,969 | 1,005,542,660 | 107.9% |
| Total Assets | 29,159,687,234 | 24,884,336,178 | - | - |
| Total Liabilities | 14,178,177,736 | 11,421,947,749 | - | - |
| Total Shareholders' Equity | 14,981,509,498 | 13,462,388,429 | - | - |
The filing does not provide specific data on cash flow, debt maturity profiles, or liquidity ratios beyond total liabilities and equity.
Material Changes
- Profitability Surge: While revenue growth was modest at 4.9%, operating income nearly doubled, increasing by 87.7% year-over-year.
- Net Income Expansion: Net income grew by 107.9%, rising from approximately 931.5 billion KRW in 2016 to 1.94 trillion KRW in 2017.
- Balance Sheet Growth: Total assets increased by approximately 4.27 trillion KRW, and total shareholders' equity grew by roughly 1.52 trillion KRW.
Guidance, Outlook, and Risks
The filing text does not contain forward-looking guidance, management commentary on future outlook, specific risk factors, or details on contingencies and unusual items. The document serves strictly as a notification of the material change in financial performance.
Investor Verification Checklist
- Verify the specific drivers behind the 87.7% increase in operating income despite only 4.9% revenue growth (e.g., cost reductions, product mix shifts, or pricing power).
- Confirm the composition of the 1.52 trillion KRW increase in shareholders' equity to determine if it stems from retained earnings or other comprehensive income.
- Review the full annual report (Form 20-F) for detailed cash flow statements and debt maturity schedules not included in this summary.