Business Context and Reporting Period
This Form 6-K filing by GRAVITY Co., Ltd., a foreign private issuer based in Seoul, Korea, was submitted on April 12, 2019. The report serves to incorporate by reference the company's audited separate and consolidated financial statements for the fiscal years ended December 31, 2018, and December 31, 2017. The financial statements are prepared in accordance with Korean IFRS and expressed in Korean Won.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached exhibits (Exhibit 99.1 for separate statements and Exhibit 99.2 for consolidated statements) which are incorporated by reference but not detailed in the cover letter text.
The consolidated subsidiaries as of December 31, 2018, include:
- NeoCyon, Inc.
- Gravity Interactive, Inc.
- Gravity Entertainment Corporation
- Gravity Communications Co., Ltd.
Material Changes
The filing text does not explicitly state material changes in financial performance or position between the 2017 and 2018 periods. Such analysis requires review of the attached audited financial statements.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies. The document focuses solely on the submission of audited historical financial data.
Investor Verification Checklist
- Review Exhibit 99.1 and 99.2 for actual revenue, net income, and cash flow figures for 2017 and 2018.
- Verify the scope of consolidation to ensure all significant subsidiaries are included in the consolidated statements.
- Confirm the currency conversion rates used if comparing Korean Won figures to USD.
- Check the independent auditor's report within the exhibits for any qualifications or emphasis of matter.