Hanil Cement (003300)   STOCK (Unit : %, Times) Fiscal Year End 2004.12.31 2005.12.31 2006.12.31 2007.12.31 2008. 3.31 Net Income to Total Assets 11.93  6.05  4.51  5.15  2.85  Ordinary Income to Total Assets 15.86  7.82  7.17  6.79  3.69  Operating Profit to Working Capital 16.06  6.65  5.02  2.90  2.90  Net Income to Equity 14.07  6.89  5.18  6.01  3.35  Net Income to Sales 18.00  12.12  9.13  10.42  7.51  Ordinary Income to Sales 23.93  15.66  14.51  13.74  9.71  Operating Income to Sales 19.47  10.37  7.79  4.07  2.34  Total Income to Sales 32.20  25.51  22.48  19.62  16.83  Times Interest earned 216.16  306.58  302.23  335.73  171.37  Financial Expenses/Sales 0.11  0.05  0.05  0.04  0.06  Equity to Total Assets 87.51  88.24  85.93  85.38  84.94  Liability to Equity 14.27  13.33  16.37  17.12  17.73  Borrowings & Bonds to Assets 1.02  0.76  0.61  0.45  0.43  Current Liabilities to Equity 12.13  10.21  12.75  12.16  12.56  Fixed Assets to Equity & L/T Liabilities 74.80  72.64  73.66  80.66  86.73  Fixed Ratio 76.40  74.90  76.33  84.66  91.21  Current Ratio 312.27  376.39  313.99  266.88  211.14  Quick Ratio 275.65  333.43  283.42  235.59  176.67  Debt Coverage Ratio 4,546.82  8,384.22  5,584.04  5,380.16  3,572.84  Total C/F to Liabilities 111.56  61.58  35.33  24.48  -     Business Capital Turn over 0.82  0.64  0.65  0.71  0.61  Total Assets Turn over 0.66  0.50  0.49  0.49  0.38  Trade Receivables Turn over 3.45  3.18  3.45  3.36  2.84  Inventories Turn over 19.97  12.89  13.71  14.99  10.96  Trade Payables Turn over 10.52  8.36  8.04  8.00  6.40  Sales Growth - 2.71  - 19.26  5.53  9.30  7.75  Total Asset Growth 6.32  7.85  5.77  12.57  - 0.47  Equity Growth 13.52  8.74  3.01  11.84  - 0.99  (Unit : %) Fiscal Year End 2003.12.31 2004.12.31 2005.12.31 2006.12.31 2007.12.31 Cost of Sales 62.87  67.80  74.49  77.52  80.38  Selling & General Adm.Exp. 10.84  12.72  15.14  14.69  15.55  R & D Costs 0.42  0.41  0.49  -  -  Depreciation 5.78  5.47  5.66  5.14  4.08  Financial Expenses 0.63  0.11  0.05  0.05  0.04  Operating Income 26.30  19.47  10.37  7.79  4.07  Ordinary Income -  -  -  -  -  Income before Income Taxes 23.15  23.93  15.66  14.51  13.74  Net Profit 15.68  18.00  12.12  9.13  10.42  (Unit : 100Mn. Won, %) Fiscal Year End 2003.12.31 2004.12.31 2005.12.31 2006.12.31 2007.12.31 Total Debt 138.1  95.2  76.6  65.0  54.3  Short-Term Debt -  -  -  -  -  Current Portion of L/T Debt 72.0  24.5  7.8  10.6  12.8  Long-Term Debt 66.1  70.6  68.8  54.3  41.5  Short-Term Debt to Total Debt -  -  -  -  -