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Comprehensive
Company Report
C o m p a n y : SK Inc.
C E O : Choe,Tae Won/Jang,Dong Hyeon
Tax Registration No. : 220-81-16503
Re p o r t i n g D a t e : 2024.01.22

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- Report Copyright NICE Information Service Inc. -

(YEOUIDO-dong) 17, Eunhaeng-ro, Yeongdeungpo-gu,

Seoul, 150-910, Korea
TEL 82-2-3771-1514 / FAX : 82-2-3771-1485
Subject Summary

Industry Analysis

Profitability Analysis

Stability Analysis

Growth & Activity Analysis

Credit Analysis

Company Profile

Financial Statement

Negative Credit Information

Litigations

Rating Definitions
 01. Subject Summary www.nicebizline.com

SK Inc. │ 220-81-16503

Subject Identification
Subject Name SK Inc. KIS Credit Rating

President(CEO) Choe,Tae Won/Jang,Dong Hyeon

Established 1991.04.13 Listed 2009.11.11

Tax Identification 220-81-16503 Corporate 110111-0769583

Type Listed in KSE

Fiscal Year : -
(K64992) AA+ Data of Rating : 2023.11.29

Industry [Rating Desc] AA is the excellent credit capability for commercial transactions and retains an appropriate
dealing ability with the changes of macro and micro economic condition.
Activities of holding companies
Watch Rating Real-time(daily-based) Credit Monitoring
No. of Employees 4,495

Tel. 02-2121-5114

110-110
Address
26, Jong-ro Jongno-gu Seoul
Normal No indication of credit status changes has
Website http://www.sk.co.kr 기준일 : 2023.10.02 been observed. Credit Status is \"normal\".

※ KIScode is an unique ID code which NICE Information Service assigns to each company. The code can be unavailalbe for small companies.

Credit Rating History

※ Notes: Although there can be more than one rating made each year, only the last credit rating of each year is shown above.

Notes: The credit rating is estimated by the analysis based on the recent data of NICE Information Service Inc. The credit rating is for the purpose of indicating level of credit within valid
period of credit reports and can be used as reference to open or maintain business accounts.

The credit rating is valid from the date of the rating to the date of the expiration and doesn't reflect the changes of the corporations' status after the date of the rating. NICE Information
Service Inc. is not responsible for your decisions made based on the credit reports.

Company's Financial Standing within the Industry Cash Flow Rating

CF3
Data of Rating : 2022.12.31
Activity Profitability Stability Growth Scale
* Liquidity of the corporations and level of solvency indicator.

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 01. Subject Summary www.nicebizline.com

SK Inc. │ 220-81-16503

Financial Highlights (Unit : million KRW)

Total Stockho
Fiscal Yr. Total Asset Total Liability Sales(Net) Operating Income Net Income
-Ider's equity
2022.12.31 28,451,248 12,563,449 15,887,799 3,369,784 1,108,689 544,415
2021.12.31 27,216,975 11,426,869 15,790,106 2,749,536 830,132 1,499,764
2020.12.31 23,592,397 8,760,834 14,831,563 3,473,984 1,658,031 1,716,045
Audit Opinion Unqualified Fiscal Year End 20221231

Financial Ratio Highlights

2022.12.31 2021.12.31 2020.12.31
Financial Ratio
Subject B.O.K. Avg. Subject B.O.K. Avg. Subject B.O.K. Avg.
Net Sales Growth % 22.56 - -20.85 - 7.04 -
Growth Total Assets Growth % 4.53 - 15.36 - 4.69 -
Operating Income
Growth % 33.56 - -49.93 - 11.96 -
Income to Total Asset
Ratio % 1.96 - 5.90 - 7.44 -
Net Income to
Profitability Shareholder's Equtiy % 3.44 - 9.80 - 12.16 -
Net Income to Net Sales % 16.16 - 54.55 - 49.40 -
Equity to Total Assets % 55.84 - 58.02 - 62.87 -
Total Liabilities to
Stability Shareholder's Equity % 79.08 - 72.37 - 59.07 -
Total Borrowings to Total
Assets % 39.68 - 36.01 - 30.65 -
Total Assets Turnover Time 0.12 - 0.11 - 0.15 -
Account Receivables
Activity Turnover
Time 5.45 - 5.45 - 7.29 -
Inventory Turnover Time 17414.90 - 15403.56 - 24041.41 -
※ B.O.K. Avg. shows an average value calculated by Bank of Korea every year.

Time Series Analysis of Financial Ratio

Growth Profitability

Stability Activity

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 01. Subject Summary www.nicebizline.com

SK Inc. │ 220-81-16503

Financial Highlights (Quarterly) (Unit : million KRW)

Total Stockho
Fiscal Yr. Total Asset Total Liability Revenue(Net) Operating Income Net Income
-Ider's equity
2023.09.30 29,162,319 12,711,898 16,450,421 3,197,574 1,422,558 818,924

2023.06.30 28,516,832 12,026,830 16,490,002 2,431,863 1,230,170 781,196

2023.03.31 28,770,665 12,081,906 16,688,759 1,641,072 1,120,349 973,117

Financial Ratio Highlights (Quarterly)

Financial Ratio 2023.09.30 2023.06.30 2023.03.31 2022.12.31
Net Sales Growth % 36.76 43.52 56.27 22.56
Growth Total Assets Growth % 2.50 0.23 1.12 4.53
Operating Income
Growth % 88.67 83.56 92.95 33.56
Income to Total Asset
Ratio % 3.79 5.49 13.60 1.96
Net Income to
Profitability Shareholder's Equtiy % 32.12 9.65 23.90 3.44
Net Income to Net
Sales % 25.61 32.12 59.30 16.16
Equity to Total Assets % 56.41 57.83 58.01 55.84
Total Liabilities to
Stability Shareholder's Equity % 77.27 72.93 72.40 79.08
Total Borrowings to
Total Assets % 39.12 37.89 37.05 39.68
Total Assets Turnover Time 0.15 0.17 0.23 0.12
Account Receivables
Activity Turnover
Time 6.35 8.00 10.10 5.45
Inventory Turnover Time 21211.10 29037.17 38164.47 17414.90

Time Series Analysis of Financial Ratio (Quarterly)

Growth Profitability

Stability Activity

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 02. Industry Analysis www.nicebizline.com

SK Inc. │ 220-81-16503

Industry Profile

Industry Name Activities of holding companies

Industry Code (KSIC) K64992

# of Companies in the industry 778

Financial Analysis of (Activities of holding companies) Industry (Unit : million KRW, %)

Industry Average (Financial) 2022 2021 2020

Total Asset 226,618,925 188,166,059 163,330,364

Total Stockholder’
s Equity 164,204,707 139,516,693 114,832,805

Financial Sales(NET) 32,402,385 22,234,144 20,335,177

Operating Income 10,961,358 6,113,019 5,797,880

Net Income 7,259,460 10,961,358 8,592,991

Operating Income to Net Sales Ratio 25 27 29

Net Income to Total Assets Ratio 3 6 6

Financial Ratio Debt Ratio 38 35 42

Current Ratio 80 83 94

Net Sales Growth 45 9 4

Bankruptcy Rate Analysis (Unit : %) Delinquency Rate Analysis (Unit : %)

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 03. Profitability Analysis www.nicebizline.com

SK Inc. │ 220-81-16503

Key Financial Ratio

B.O.K. NICE
Ratio Unit 2022.12.31 2021.12.31 2020.12.31 Avg. Industry Avg. (2022)
Operating Income to
Net Sales Ratio % 32.90 30.19 47.73 - -
Net Income to % 1.96 5.90 7.44 - -
Total Assets Ratio
Interest Coverage Ratio Times 3.93 4.73 9.49 - -

EBITDA/Sales(Net) % 36.80 34.26 50.72 - -

Reference
Ratio Formula Description

Operating Income to Operating Income It is an index that compares the sales and operating profit of the company’s operation
performance; the higher the index the high efficiency of operating business since the
Net Sales Ratio / Sales(Net)) x 100 profit earned is high with the same sales.

Net Income to (Net Income It is an index that compares the assets held by company and gained profit by
company, and it shows how efficiently the asset held by the company is being
Total Assets Ratio / Avg Total Assets) x 100 operating. The higher the better.

Operating Income
Interest Coverage Ratio
/ Financial Charges
It is an index that compares operating profit from outcome of the company’ s operating
activities and financial expenses of the cost of outsourced funds, the higher the high
ability to repay the debt principal and interest through the sales activities of the
company.

EBITDA, sum amount of depreciation cost and intangible assets that does not require
cash from operating profit, is used as the substitution index of cash flow from
EBITDA/Sales(Net) (EBITDA / Sales(Net)) x 100 operating activities. The higher the better because compared to the sales, earned cash
is larger when the ratio is high.

Time Series Analusis of Financial Ratio

Operation Income To Net Sales Ratio (Unit: %) Net Income to Total Assets Ratio (Unit: %)

Interest Coverage Ratio (Unit: %) EBITDA/Sales(Net) (Unit: %)

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 04. Stability Analysis www.nicebizline.com

SK Inc. │ 220-81-16503

Key Financial Ratio

B.O.K. NICE
Ratio Unit 2022.12.31 2021.12.31 2020.12.31 Avg. Industry Avg. (2022)

Debt Ratio % 79.08 72.37 59.07 - -

Current Ratio % 25.13 37.73 61.86 - -

Total Borrowings
to Total Assets % 39.68 36.01 30.65 - -
Fixed Assets to % 118.51 114.46 104.54 - -
Long-term Capital

Reference
Ratio Formula Description

(Total Liabilities / Total
Debt Ratio
Stockholders’Equity) x 100
(Total Current Assets
Current Ratio
/ Total Current Liabilities) x 100
It is an index that compares the borrowed capital (debt), the source of corporate assets,
and equity share capital. The financial structure is poor when the debt ratio goes high
because it means high burden of repayment of debt. Less than 200% of debt ratio is
normal.
It is an index that compares the size of current assets that can be cashed within 1 year
and current liabilities to be repaid within one year of the assets that are held by the
company. As it evaluates the company’ s ability to pay short-term borrowings, the
higher the better ability to pay short-term borrowings.

It is an index that compares the size of the total assets that are held by the company
Total Borrowings (Total Borrowings
and the debt repayment by the company. The higher ratio means the high burden of
to Total Assets /Total Assets) x 100
repayment of debt.

{(Total Non-Current Assets

–Total Deferred Assets)
Fixed Assets to
/ (Total Stockholders’Equity
Long-term Capital + Total Non-Current
Liabilities)} x 100
Because the non-current assets take long time to liquidate through operating activities,
it has to be obtained with less short-term financing obligations when purchasing such
as non-current liabilities and shareholders’equity.

Time Series Analusis of Financial Ratio

Debt Ratio (Unit: %) Current Ratio (Unit: %)

Total Borrowings to Total Assets (Unit: %) Fixed Assets to Long-term Capital (Unit: %)

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 05. Growth & Activity Analysis www.nicebizline.com

SK Inc. │ 220-81-16503

Key Financial Ratio

B.O.K. NICE
Ratio Unit 2022.12.31 2021.12.31 2020.12.31 Avg. Industry Avg. (2022)

Net Sales Growth Rate % 22.56 -20.85 7.04 - -

Net Income Growth Rate % -63.70 -12.60 20.80 - -

Total Asset Turnover Ratio Times 0.12 0.11 0.15 - -

Receivable Turnover Ratio Times 5.45 5.45 7.29 - -

Reference
Ratio Formula Description

(Net Sales of Current Period

Net Sales It is an index showing the degree of increased in sales year-on-year, and is desirable to
/ Net Sales of Previous
Growth Rate have the positive (+) value.
Period-1) x 100
(Net Income of Current Period It is an index showing the degree of increased in net profit year-on-year, and is
Net Income
/ Net Income of Previous desirable to have the positive (+) value. If the net income for the year or the previous
Growth Rate
Period-1)x100 year’ s value is less than 0, the value cannot be displayed.

Total Asset Net Sales With the value of sales of the company divided by the total assets, this index shows
Turnover Ratio / Average Total Assets how efficiently the total capital invested in the company is being used.
With the value of sales of the company divided by the annual average amount of
accounts receivable, high level means quick liquidation of the trade receivables that are
Receivable
Net Sales / Average Account held by the company. If the turnover of receivables is excessively lower than the
Turnover Ratio
industry average, there are possibilities of liquidity problems due to elongation of trade
receivables collection period.

Time Series Analusis of Financial Ratio

Net Sales Growth Rate (Unit: %) Net Income Growth Rate (Unit: %)

Total Asset Turnover Ratio (Unit: %) Receivable Turnover Ratio (Unit: %)

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 06. Credit Analysis www.nicebizline.com

SK Inc. │ 220-81-16503

Company Overview
Established in 04,1991, SK Inc. has 33 years’history in [Activities of holding companies] industry.
The company is represented by Choe,Tae Won/Jang,Dong Hyeon and has its headquarters at 26, Jong-ro Jongno-gu Seoul .
According to the financial reports released on 12,2022, the company is a [Large enterprise] company with total assets of KRW
28,451.25 billion (paid-in capital of KRW 16.14 billion), sales of KRW 3,369.78 billion, and 4,495 employees. The type of the
company is classified as Listed in KSE.
The company is an affiliate of [SK ] Group, 4th largest group in the industry.
Within the group, the company is ranked at 2 in total assets among the whole affiliates of 213, excluding financial companies.

Credit Opinion
The credit opinion on the company is based on 11,2023 credit grade standard, using the 12,2022 financial statement.

▷ Stability Analysis
Equity to total assets ratio and total liabilities to shareholder’ s equity ratio shall be considered for stability analysis.
The company’ s equity to total assets ratio is 55.84% while the average ratio of [Activities of holding companies] industry is
72.56%; hence, the company is regarded [Inferior] compared to the industry average.
The company’ s total liabilities to shareholder’s equity ratio is 79.08% while the average ratio of [Activities of holding companies]
industry is 37.81%; hence, the company is regarded [Inferior] compared to the industry average.
▷ Liquidity Analysis
Net operating capital turnover and current ratio shall be considered for liquidity analysis.
The company exhibits net operating capital turnover of 6.76 times while the average net operating capital turnover of the
industry is 9.32 times.
The company is [Inferior] in comparison with industry average.
The company also shows 25.13% for the current ratio while the industry average is 80.08%, indicating company’ s [Inferior]
standing in comparison with the industry average.
▷ Profitability Analysis
To analyze company’ s profitability, net income to total assets ratio and financial expenses to net sales ratio shall be considered.
The company’ s net income to total asset is 1.96% while the industry average is 3.41%; hence, the company is [Inferior] to the
industry average.
The company’ s financial expenses to net sales is 8.37% while the industry average is 4.51%. This indicates company’ s [Inferior]
standing in comparison with the industry average.
▷ Growth Analysis
The company’ s net sales growth is 22.56% and the total assets growth is 4.53%.
As the industry average net sales growth is 45.25%, it indicates the company is [Inferior] to industry average; also, as the industry
average total assets growth is 19.81% it indicates the company is [Inferior] to industry average.
▷ Activity Analysis
Total assets turnover ratio which indicates the efficiency of the company’s capital utilization is 0.12 times whereas account
receivable turnover ratio which indicates how fast account receivables are collected is 5.45 times.
As the industry average total assets turnover ratio is 0.16 times, the company is [Inferior] to industry average; also as the
industry average account receivable turnover ratio is 9.66 times, the company is [Inferior] to industry average.

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 07. Company Profile www.nicebizline.com

SK Inc. │ 220-81-16503

Registration
Company Name SK Inc. Established Date 1991.04.13
Tax Identification # 220-81-16503 Incorporation # 110111-0769583
President(CEO) Choe,Tae Won/Jang,Dong Hyeon
Homepage http://www.sk.co.kr
No. of Employees 4,495
Type/Size Listed in KSE / Large enterprise Listed Date 2009.11.11
(110-110) 26, Jong-ro Jongno-gu Seoul
Address
TEL : 02-2121-5114 FAX : 02-2121-1789
Industry (KSIC) (K64992) / Activities of holding companies
Major Products -
Group Affiliated SK
Reference Bank HANA BANK Fiscal Year End 12

Major Shareholders [2023.09.30]

No. of Shares % of Ownership No. of Shares % of Ownership
Shareholder Name
(Common) (Common) (Preferred) (Preferred)
Choe,Tae Won 12,975,472 17.50 % 0 0.00 %
National Pension Service 4,960,106 6.78 % 0 0.00 %
Choe,Gi Won 4,820,000 6.50 % 0 0.00 %
Choe,Jae Won 267,815 0.40 % 0 0.00 %
Chey Institute for Advanced Studies Foundation 185,000 0.25 % 0 0.00 %
Total 23,208,393 31.43 % 0 0.00 %

※ Displays up to 5 shareholders

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 07. Company Profile www.nicebizline.com

SK Inc. │ 220-81-16503

Related Companies (as of 2023.06.30) (Unit : million KRW)

Company Name SOCAR INC.

President (CEO) Park,Jae Uk
Industry (KSIC) Renting of Motor Vehicles
Renting of Motor Vehicles 42, Yeonmi-gil Jeju-si Jeju
Total Assets 573,698
Financial Highlights
Equity Capital 257,081
Fiscal Year: Net Sales 375,330
20221231 Net Income -7,715
Company Name SKC CO.,LTD.
President (CEO) Park,Won Cheol
Industry (KSIC) Manufacture of All Other Chemical Products n.e.c.
Manufacture of All Other Chemical Products n.e.c. 102, Jeongja-ro Jangan-gu Suwon-si Gyeonggi
Total Assets 3,258,252
Financial Highlights
Equity Capital 1,842,808
Fiscal Year: Net Sales 111,742
20221231 Net Income 118,429
Company Name SK GAS CO.,LTD.
President (CEO) Yun,Byeong Seok
Industry (KSIC) Wholesale of Gaseous Fuel and Related Products
Wholesale of Gaseous Fuel and Related Products 332, Pangyo-ro Bundang-gu Seongnam-si Gyeonggi
Total Assets 4,987,103
Financial Highlights
Equity Capital 2,066,329
Fiscal Year: Net Sales 6,978,937
20221231 Net Income 268,904
Company Name SK NETWORKS CO.,LTD.
President (CEO) Lee,Ho Jeong
Industry (KSIC) Wholesale of Non-Specialized Goods
Wholesale of Non-Specialized Goods 4, Maesan-ro 52beon-gil Paldal-gu Suwon-si Gyeonggi
Total Assets 5,027,336
Financial Highlights
Equity Capital 1,998,260
Fiscal Year: Net Sales 6,612,595
20221231 Net Income 6,090

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 07. Company Profile www.nicebizline.com

SK Inc. │ 220-81-16503
Company Name SK INNOVATION CO., LTD.
President (CEO) Kim,Jun
Industry (KSIC) Manufacture of Refined Petroleum Products
Manufacture of Refined Petroleum Products 26, Jong-ro Jongno-gu Seoul
Total Assets 19,550,742
Financial Highlights
Equity Capital 15,969,435
Fiscal Year: Net Sales 1,983,533
20221231 Net Income 453,183

13
 08. Financial Statement www.nicebizline.com

SK Inc. │ 220-81-16503

Statement of Financial Position (IFRS, Non-consolidated) (Unit : million KRW)

2022.12.31 2021.12.31 2020.12.31
Accounting Item
Amount Ratio Amount Ratio Amount Ratio
TOTAL NON-CURRENT ASSETS 27,033,802 95 % 25,282,305 92.9 % 22,040,040 93.4 %
Total Tangible Assets 706,089 2.5 % 678,205 2.5 % 628,177 2.7 %
Total Intangible Assets 2,170,102 7.6 % 2,176,091 8% 2,154,137 9.1 %
Investment Assets Noncurrent 23,239,611 81.7 % 22,087,102 81.2 % 19,233,752 81.5 %
Trade and other Receivables 793,288 2.8 % 333,311 1.2 % 16,002 0.1 %
Other Non-financial Asset 127 0% 127 0% 127 0%
TOTAL CURRENT ASSETS 1,417,446 5% 1,934,670 7.1 % 1,552,357 6.6 %
Total Inventory 172 0% 215 0% 142 0%
Trade and other Receivables 739,540 2.6 % 1,031,622 3.8 % 511,737 2.2 %
Investment Assets Current 159,613 0.6 % 409,298 1.5 % 239,283 1%
Other Non-financial Asset 124,691 0.4 % 30,879 0.1 % 24,322 0.1 %
Cash & Cash Equivalents 115,840 0.4 % 70,011 0.3 % 79,743 0.3 %
TOTAL ASSETS 28,451,248 100 % 27,216,975 100 % 23,592,397 100 %
Issued Capital 16,143 0.1 % 16,143 0.1 % 15,385 0.1 %
(Capital Stocks) 16,143 0.1 % 16,143 0.1 % 15,385 0.1 %
Retained Earnings 12,514,748 44 % 12,406,200 45.6 % 11,301,835 47.9 %
Elements of Other Stockholder’
s
Equity 3,356,908 11.8 % 3,367,763 12.4 % 3,514,343 14.9 %
TOTAL STOCKHOLDERS’EQUITY 15,887,799 55.8 % 15,790,106 58 % 14,831,563 62.9 %
Total Non-current Liabilities 6,923,726 24.3 % 6,298,628 23.1 % 6,251,205 26.5 %
(Total Borrowings) 5,885,469 20.7 % 5,501,474 20.2 % 5,336,808 22.6 %
Total Current Liabilities 5,639,723 19.8 % 5,128,241 18.8 % 2,509,629 10.6 %
(Trade and other Payables) 411,869 1.4 % 376,601 1.4 % 324,580 1.4 %
(Total Borrowings) 5,066,351 17.8 % 3,939,496 14.5 % 1,827,193 7.7 %
TOTAL LIABILITES 12,563,449 44.2 % 11,426,869 42 % 8,760,834 37.1 %
※ Ratio represents the component ratio to total assets.

Debt Structure (IFRS) (Unit : million KRW)

2022.12.31 2021.12.31 2020.12.31
Accounting Item
Amount Ratio Amount Ratio Amount Ratio
TOTAL BORROWINGS CURRENT 5,066,351 17.8 % 3,939,496 14.5 % 1,827,193 7.7 %
Short-term borrowings 3,774,050 13.3 % 2,652,000 9.7 % 715,000 3%
Current portion of long-term
liabilities 1,292,301 4.5 % 1,287,496 4.7 % 1,112,193 4.7 %
Total Short-term Bond - 0% - 0% - 0%
TOTAL BORROWINGS
NON-CURRENT 5,885,469 20.7 % 5,501,474 20.2 % 5,336,808 22.6 %
(Total Bonds) 5,685,955 20 % 5,501,474 20.2 % 5,336,808 22.6 %
(Long-term Borrowings) 199,514 0.7 % - 0% - 0%
TOTAL BORROWINGS 10,951,820 38.5 % 9,440,970 34.7 % 7,164,001 30.3 %
Financing Lease Liabilities 343,703 1.2 % 785,974 2.9 % 67,767 0.3 %
TOTAL BORROWINGS
(Including Financing Lease Liabilities) 11,295,523 39.7 % 10,226,944 37.6 % 7,231,768 30.6 %
※ Ratio of Total Borrowings represents the component ratio to Total Assets where as other ratio represents the component ratio to Total Borrowings
(including financing lease liabilities)

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 08. Financial Statement www.nicebizline.com

SK Inc. │ 220-81-16503

Income Statement (IFRS, Non-Consolidated) (Unit : million KRW)

2022.12.31 2021.12.31 2020.12.31
Accounting Item
Amount Ratio Amount Ratio Amount Ratio
REVENUE (NET) 3,369,784 100 % 2,749,536 100 % 3,473,984 100 %
Cost of Sales 1,134,262 33.7 % 915,398 33.3 % 976,254 28.1 %
GROSS PROFIT 2,235,522 66.3 % 1,834,138 66.7 % 2,497,730 71.9 %
Selling & General Admin.
Expenses 1,126,833 33.4 % 1,004,006 36.5 % 839,699 24.2 %
(Depreciation) 93,742 2.8 % 80,962 2.9 % 77,513 2.2 %
(Bad Debt Expenses) - 0% - 0% - 0%
(Personnel Expenses) 603,490 17.9 % 569,756 20.7 % 493,042 14.2 %
OPERATING INCOME(Loss) 1,108,689 32.9 % 830,132 30.2 % 1,658,031 47.7 %
Non-operating Income 614,792 18.2 % 1,397,363 50.8 % 1,107,936 31.9 %
(Finance Income) 26,637 0.8 % 21,371 0.8 % 5,297 0.2 %
Non-operating Expenses 1,275,712 37.9 % 265,572 9.7 % 738,148 21.2 %
(Finance Expenses) 281,980 8.4 % 175,446 6.4 % 174,633 5%
Ongoing Business Income(Loss)
Before Income Tax Expenses 447,769 13.3 % 1,961,923 71.4 % 2,027,819 58.4 %
Income Taxes Expenses for
Ongoing Business Income(Loss) -96,646 -2.9 % 462,159 16.8 % 311,774 9%
NET INCOME 544,415 16.2 % 1,499,764 54.5 % 1,716,045 49.4 %
※ Ratio represents the component ratio to Sales amount

Cash Flow Analysis (IFRS, Non-Consolidated) (Unit : million KRW)

2022.12.31 2021.12.31 2020.12.31
Accounting Item
Amount Amount Amount
NET INCOME 544,415 1,499,764 1,716,045
ADJUSTED NET INCOME 607,090 1,546,896 1,793,761
(Net Inc. in A/R) 167,960 57,072 -711
(Net Inc. in Inventories) -43 73 -5
(Net Inc. in Trade Account
Payable) 14,023 27,775 -74,977
Net Cash from Operations 477,137 1,525,935 1,727,619
Net Cash from Non-operation -1,988,654 -3,812,636 -807,637
Capital Short & Over -1,511,517 -2,286,701 919,982
Net Cash from Financing 1,557,346 2,276,969 -898,044
(Capital Increase with
Consideration) - - -
(Net Inc. in LT Borrowings) 209,194 7,283 4,252
(Net Inc. in Bonds) 226,102 332,686 62,704
(Net Inc. in ST Borrowings) 1,122,050 1,937,000 -965,000
Net Inc. In Cash
& Cash Equivalents 45,829 -9,732 21,938
Cash at the Beginning
of the Period 70,011 79,743 57,805
Cash at the End of the Period 115,840 70,011 79,743
※ Ratio represents the component ratio to Sales amount

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 08. Financial Statement www.nicebizline.com

SK Inc. │ 220-81-16503

Statement of Financial Position (Quarterly) (IFRS, Non-Consolidated) (Unit : million KRW)

2023.09.30 2023.06.30 2023.03.31
Accounting Item
Amount Ratio Amount Ratio Amount Ratio
TOTAL NON-CURRENT ASSETS 27,442,537 94.1 % 27,138,973 95.2 % 27,242,406 94.7 %
Total Tangible Assets 713,263 2.4 % 720,864 2.5 % 718,306 2.5 %
Total Intangible Assets 2,146,712 7.4 % 2,147,064 7.5 % 2,171,336 7.5 %
Investment Assets Noncurrent 23,681,181 81.2 % 23,391,624 82.0 % 23,465,412 81.6 %
Trade and other Receivables 812,752 2.8 % 796,562 2.8 % 800,423 2.8 %
Other Non-financial Asset 127 0% 127 0% 127 0%
TOTAL CURRENT ASSETS 1,719,782 5.9 % 1,377,859 4.8 % 1,528,259 5.3 %
Total Inventory 230 0% 163 0% 172 0%
Trade and other Receivables 851,615 2.9 % 581,806 2.0 % 758,929 2.6 %
Investment Assets Current 193,149 0.7 % 135,363 0.5 % 101,827 0.4 %
Other Non-financial Asset 182,025 0.6 % 162,037 0.6 % 148,362 0.5 %
Cash & Cash Equivalents 236,199 0.8 % 277,866 1.0 % 250,416 0.9 %
TOTAL ASSETS 29,162,319 100.0 % 28,516,832 100.0 % 28,770,665 100.0 %
Issued Capital 16,143 0.1 % 16,143 0.1 % 16,143 0.1 %
(Capital Stocks) 16,143 0.1 % 16,143 0.1 % 16,143 0.1 %
Retained Earnings 12,947,139 44.4 % 12,982,387 45.5 % 13,281,406 46.2 %
Elements of Other Stockholder’
s
Equity 3,487,139 12.0 % 3,491,472 12.2 % 3,391,210 11.8 %
TOTAL STOCKHOLDERS’EQUITY 16,450,421 56.4 % 16,490,002 57.8 % 16,688,759 58.0 %
Total Non-current Liabilities 7,373,937 25.3 % 7,254,399 25.4 % 6,867,902 23.9 %
(Total Borrowings) 6,429,486 22.0 % 6,274,426 22.0 % 5,845,331 20.3 %
Total Current Liabilities 5,337,961 18.3 % 4,772,431 16.7 % 5,214,004 18.1 %
(Trade and other Payables) 352,971 1.2 % 331,953 1.2 % 449,966 1.6 %
(Total Borrowings) 4,680,913 16.1 % 4,221,765 14.8 % 4,489,526 15.6 %
TOTAL LIABILITES 12,711,898 43.6 % 12,026,830 42.2 % 12,081,906 42.0 %
※ Ratio represents the component ratio to Sales amount

Income Statement (Quarterly) (IFRS, Non-Consolidated) (Unit : million KRW)

2023.09.30 2023.06.30 2023.03.31

Accounting Item
Amount Ratio Amount Ratio Amount Ratio
REVENUE (NET) 3,197,574 100.0 % 2,431,863 100.0 % 1,641,072 100.0 %
Cost of Sales 887,128 27.7 % 615,127 25.3 % 239,078 14.6 %
GROSS PROFIT 2,310,446 72.3 % 1,816,736 74.7 % 1,401,994 85.4 %
Selling & General Admin.
Expenses 887,888 27.8 % 586,566 24.1 % 281,645 17.2 %
(Depreciation) 71,109 2.2 % 48,555 2.0 % 24,180 1.5 %
(Bad Debt Expenses) - 0% - 0% - 0%
(Personnel Expenses) 485,057 15.2 % 319,063 13.1 % 149,682 9.1 %
OPERATING INCOME(Loss) 1,422,558 44.5 % 1,230,170 50.6 % 1,120,349 68.3 %
Non-operating Income 200,555 6.3 % 95,353 3.9 % 51,696 3.2 %
(Finance Income) 23,580 0.7 % 16,778 0.7 % 7,644 0.5 %
Non-operating Expenses 831,413 26.0 % 569,484 23.4 % 181,552 11.1 %
(Finance Expenses) 301,615 9.4 % 198,686 8.2 % 102,055 6.2 %
Ongoing Business Income(Loss)
Before Income Tax Expenses 791,700 24.8 % 756,039 31.1 % 990,493 60.4 %
Income Taxes Expenses for
Ongoing Business Income(Loss) -27,224 -0.9 % -25,157 -1.0 % 17,376 1.1 %
NET INCOME 818,924 25.6 % 781,196 32.1 % 973,117 59.3 %
※ Ratio represents the component ratio to Sales amount

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 09. Negatice Credit Information www.nicebizline.com

SK Inc. │ 220-81-16503

Negative Credit Information Summary (Unit : thousand KRW)

10+ days overdue payments Negative Credit Records Negative Credit Records
(Financial Institutions) (Non-Financial Institutions)
Counts 0 0 0

Amounts 0 0 0

10+ days Overdue Payments (Unit : thousand KRW)

Date Type Default Amount Name of Bank

- - - -
- - - -
- - - -
- - - -
- - - -
※ The records will be displayed when overdue payments occur over 10 days from Financial Institutions. Displays up to 5 cases.

Negative Credit Records (Financial Institutions) (Unit : thousand KRW)

Regulation Type Reporting Date Released Date Total Debt Amount Default Amount Name of Institution
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
※ This indicates delinquency records of when liabilities for financial institution got overdue for more than 3 months, subrogation/extreme urgency
records of when debt payment of a company was made by guarantor such as insurance company, and the records of bankruptcy filed. Displays
up to 5 cases.

Negative Credit Records (Non-Financial Institutions) (Unit : thousand KRW)

Regulation Type Reporting Date Default Amount Name of Institution

- - - -
- - - -
- - - -
- - - -
- - - -
※ This indicates the records, provided from Credit Agencies, including default arising from business-to-business transaction
(non-payment of trade payables, overdue rental fees and etc.). Displays up to 5 cases.

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 10. Litigations www.nicebizline.com

SK Inc. │ 220-81-16503

Litigation Summary (Unit : thousand KRW)

No. of Records Amount of Litigation Amount of Litigation Amount of Litigation

to Total Assets (%) to Net Sales (%)
Ongoing Case - - - -
Lost - - - -
Partially Lost - - - -
Defendant Closed
Won - - - -
Others - - - -
Total - - - -
Ongoing Case - - - -
Lost - - - -
Partially Lost - - - -
Plaintiff Closed
Won - - - -
Others - - - -
Total - - - -

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 11. Rating Definitions www.nicebizline.com

SK Inc. │ 220-81-16503

Definition of Credit Rating

The corporate credit rating is an index that indicates the level of risk focused on the ability of debt repayment and financial
stability. It also provides reliable data that will help you evaluate the company’
s credit by considering not only major financial
information but also non-financial information such as company overview and business’ s risk status.
Credit Status Credit Rating Definition
AAA is the extreme credit capability for commercial transactions and retains an excellent dealing ability with the changes
AAA of macro and micro economic condition.
AA is the excellent credit capability for commercial transactions and retains and appropriate dealing ability with the
Excellent AA changes of macro and micro economic condition.
A is good credit capability for commercial transactions and retains a limited dealing ability with the changes of macro and
A micro economic condition.
BBB is good credit capability for commercial transactions but lowly exposed on possible credit risk in changes of macro
Good BBB and micro economic condition.
BB is the average credit capability for commercial transactions and normally exposed on possible credit risk in changes of
BB macro and micro economic condition.
Average
B is the average credit capability for commercial transactions and highly exposed on possible credit risk in changes of
B macro and micro economic condition.
CCC is under the average credit capability for commercial transactions and needs caution for the deterioration of the
CCC transaction stability.

Unsatisfactory CC CC is poor credit capability for commercial transactions and the stability of the transactions is low.
C is the worst credit capability for commercial transactions and needs and extreme caution for the deterioration of the
C transaction stability.

Poor D Capacity of payment is in arrears or bankruptcy.

Reservation for credit rating from financial statements with less than one year or a sudden change of management (M&A,
Except R change of category of business.etc)

Definition of “
Watch”Rating
“
Watch”is a tool that indicates credit changes of a corporation in a timely manner and has the strength in monitoring the credit
changes perpetually instead of periodically.
Watch Rating Definition

Normal No indication of credit status changes has been observed. Credit Status is "normal".

Reservation The indication of credit status changes has been observed, but expect no or minimum effect on credit status.
The indication of credit status changes has been observed. Additional analysis on its effects to company's profitability and other impacts is
Monitoring recommended.
The indication of poor credit has been observed, and/or expect uncertainties to adverse business, financial and economic condition. Caution
Caution recommended.
Record of payment delinquency and/or other credit problems has been observed. Susceptible to adverse business, financial and economic
Warning conditions. Caution required.
Over 3 months payment delinquency records and/or major credit problems has been observed. Highly susceptible to adverse business, financial and
Danger economic conditions. Extreme caution required.
High Default
Risk On-going default accounts, over 3 months payment delinquency records and/or major credit problems has already been filed.

Out of business Out of business, merged and liquidation.

Bankruptcy Bankruptcy has been filed or similar action also has taken.

Definition of Cash Flow Rating

The cash flow is the direct way to evaluate liquidation of the corporations and indicates the level of solvency as cash flow sound.
Cash Flow Cash Flow
Definition Definition
Rating Rating

CF1 The ability of generating cash flow is in excellent CF4 The annual cash flow is inferior to the average and not
(Excellent) condition. (Unsatisfactory) enough to cover working capital.

The operating cash flow is in good condition and

CF2(Good) CF5(Risk) The cash flow profitability is negative and poor.
capable for further finance demands.

CF3 The operating cash flow is in good condition but it CF6 The cash flow has been shown as negative over recent
(Normal) needs external finance for further investment (Fail) 2 years and its profitability is extremely poor

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