LG Display Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on January 24, 2013, reports a material change in revenues or income exceeding 15% for LG Display Co., Ltd. The filing presents consolidated and non-consolidated K-IFRS financial data for the fiscal year ended December 31, 2012, compared to the prior year 2011.
Key Financial Metrics (Consolidated)
| Metric (KRW Billion) | 2012 | 2011 | YoY Change |
|---|---|---|---|
| Revenues | 29,430 | 24,291 | +21.2% |
| Operating Income | 912 | -764 | Turnaround |
| Net Income | 236 | -788 | Turnaround |
| Total Assets | 24,456 | 25,163 | -2.8% |
| Total Liabilities | 14,215 | 15,032 | -5.4% |
| Shareholders' Equity | 10,240 | 10,131 | +1.1% |
Non-Consolidated Highlights: Revenues were 28,672 billion KRW (+22.2%), with Net Income of 29 billion KRW, recovering from a 991 billion KRW loss in 2011.
Material Changes vs. Prior Period
- Profitability Turnaround: The company returned to profitability across all major income metrics. Operating income improved by 1,676 billion KRW, shifting from a loss of 764 billion KRW in 2011 to a profit of 912 billion KRW in 2012.
- Revenue Growth: Consolidated revenues increased by 5,139 billion KRW (21.2%) year-over-year.
- Balance Sheet Strengthening: Total liabilities decreased by 5.4% while total assets declined slightly by 2.8%, resulting in a net increase in shareholders' equity.
Guidance, Outlook, and Risks
The filing text does not provide specific forward-looking guidance, management commentary on future strategy, or a detailed discussion of risks and contingencies beyond the presentation of historical financial performance.
Investor Verification Checklist
- Verify the specific drivers of the 21.2% revenue increase (e.g., volume vs. price, product mix changes).
- Confirm the sustainability of the operating margin recovery given the shift from a 764 billion KRW loss to a 912 billion KRW profit.
- Review the composition of the 817 billion KRW reduction in total liabilities to understand debt repayment versus asset write-downs.
- Compare consolidated versus non-consolidated net income figures to assess the impact of subsidiaries on overall profitability.