Korea Cement Co., Ltd. (003660)   STOCK (Unit : %, Times) Fiscal Year End 2004. 3.31 2004.12.31 2005.12.31 2006.12.31 2007. 6.30 Net Income to Total Assets 1.23  4.02  0.34  0.14  - 2.25  Ordinary Income to Total Assets 1.92  6.48  0.33  0.96  - 2.05  Operating Profit to Working Capital 4.14  5.20  - 2.44  0.42  - 0.76  Net Income to Equity 1.76  5.76  0.45  0.19  - 3.57  Net Income to Sales 1.58  5.98  0.42  0.18  - 3.51  Ordinary Income to Sales 2.46  9.63  0.41  1.26  - 3.20  Operating Income to Sales 4.72  6.79  - 2.53  0.44  - 0.95  Total Income to Sales 22.56  24.95  22.60  20.70  16.39  Times Interest earned 238.67  116.53  3.15  2.11  - 0.26  Financial Expenses/Sales 0.01  0.08  0.19  1.14  2.53  Equity to Total Assets 68.15  69.83  80.52  69.28  57.84  Liability to Equity 46.73  43.21  24.19  44.34  72.89  Borrowings & Bonds to Assets 4.10  7.34  3.06  15.37  28.73  Current Liabilities to Equity 30.41  31.41  13.25  15.03  60.75  Fixed Assets to Equity & L/T Liabilities 69.05  71.76  76.96  69.13  88.19  Fixed Ratio 80.31  80.22  85.38  89.39  98.89  Current Ratio 218.39  200.52  292.94  365.54  121.80  Quick Ratio 189.52  163.14  221.98  307.41  109.63  Debt Coverage Ratio 84.50  84.47  181.78  76.11  4.38  Total C/F to Liabilities 27.11   -  13.90  10.64  -     Business Capital Turn over 0.88  0.77  0.96  0.96  0.80  Total Assets Turn over 0.78  0.67  0.81  0.76  0.64  Trade Receivables Turn over 4.70  5.64  6.18  5.28  4.31  Inventories Turn over 14.84  8.21  10.20  11.28  12.58  Trade Payables Turn over 10.40  13.15  17.81  18.64  17.18  Sales Growth 1.76   -  11.74  - 5.32  - 5.78  Total Asset Growth 2.56   -  - 13.61  16.32  19.40  Equity Growth - 1.59   -  - 0.38  0.08  - 0.32  (Unit : %) Fiscal Year End 2003. 3.31 2004. 3.31 2004.12.31 2005.12.31 2006.12.31 Cost of Sales 71.46  77.44  75.05  77.40  79.30  Selling & General Adm.Exp. 16.84  17.84  18.16  25.13  20.26  R & D Costs -  -  -  -  -  Depreciation 2.68  2.69  2.96  5.64  2.80  Financial Expenses 0.74  0.01  0.08  0.19  1.14  Operating Income 11.70  4.72  6.79  - 2.53  0.44  Ordinary Income -  -  -  -  -  Income before Income Taxes 15.82  2.46  9.63  0.41  1.26  Net Profit 21.36  1.58  5.98  0.42  0.18  (Unit : 100Mn. Won, %) Fiscal Year End 2003. 3.31 2004. 3.31 2004.12.31 2005.12.31 2006.12.31 Total Debt 50.1  70.0  120.1  43.2  252.5  Short-Term Debt 46.3  66.2  116.4  39.7  49.7  Current Portion of L/T Debt -  0.1  0.1  0.1  0.2  Long-Term Debt 3.8  3.6  3.5  3.3  202.6  Short-Term Debt to Total Debt 92.43  94.58  96.92  91.80  19.69