Business Context and Reporting Period
Company: GRAVITY Co., Ltd.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date Filed: April 6, 2011
Reporting Period: This filing serves as a conduit for the Company's audited non-consolidated financial statements for the years ended December 31, 2010, and 2009. The filing itself covers the month of April 2011.
Business Overview: Gravity is a Korean developer and publisher of online games. Its principal product, Ragnarok Online, is commercially offered in 79 markets, including Japan, Taiwan, and Thailand.
Key Financial Metrics
Financial Statements: The filing incorporates by reference the audited non-consolidated financial statements prepared in accordance with Korean GAAP (K-GAAP). These statements include the balance sheet, income statement, appropriation of retained earnings, changes in shareholders' equity, and cash flows.
Specific Metrics: The text of this Form 6-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached Exhibit 99.1 (the audited financial statements) and are not summarized in the body of this report.
Material Changes
The filing text does not explicitly detail material changes in financial performance or position between the 2010 and 2009 periods. Investors must refer to the attached Exhibit 99.1 for comparative analysis of the non-consolidated statements.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes a standard disclaimer regarding forward-looking statements. It notes that such statements involve risks and uncertainties and that the Company assumes no duty to update them to reflect new events or circumstances.
Management Commentary: No specific management commentary regarding future strategy or outlook is provided in the text of this filing beyond the general business description.
Risks and Contingencies: No specific risks or contingencies are detailed in the body of this Form 6-K.
Investor Verification Checklist
- Review Exhibit 99.1 to obtain the actual numerical values for revenue, net income, and cash flow for the years ended December 31, 2010, and 2009.
- Verify the audit opinion issued by Samil PricewaterhouseCoopers regarding the non-consolidated K-GAAP financial statements.
- Compare the non-consolidated figures in Exhibit 99.1 with the consolidated figures typically found in the Company's Form 20-F to understand the scope of the financial data.
- Confirm the current status of the 79 markets where Ragnarok Online is offered, as market expansion or contraction is a key driver for the Company.