Advance payment to be made in accordance with the policy for payment of deposit and intermediate payment for defense industry
4. Total balance of advance payment (KRW)
21,453,000,000
5. Date of board resolution (decision date)
2022-01-11
- Attendance of outside directors
Present (No.)
-
Absent (No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
6. Other matters to be factored into investment decisions
- In line 1, Due to security concerns with national defense contract, only name of the company with the biggest payment to be received is disclosed and full list of companies are not to be disclosed.
- In line 2, amount of advance payment is the amount that will be paid to the subcontractors for contracts including Communication Equipment production contract from the advance payment received by Defense Acquisition Program Administration
(Value Added Tax not included)
- In line 2, equity capital is from annual report of fiscal year 2020.
- In line 4, total balance of advance payment includes amount of the advance payment determined to be paid through this event.
- In line 5, Date of board resolution refer to the date the internal decision has been made.
- Financial Syatements of payee below refers to the audited financial statement of PEOPLEWORKS Inc. who is the payee with the biggest payment to be received.(FY2020(Current fiscal year), FY2019(Previous fiscal year), FY2018(Two fiscal years prior)
※ Related disclosure
-
【Condensed Financial Statements of Payee】(in KRW mn)
Category
Total assets
Total liabilities
Total shareholders' equity
Capital stock
Sales
Net income
Current fiscal year
99,211
21,548
77,663
2,491
159,528
35,064
Previous fiscal year
95,317
22,193
73,124
2,491
107,775
16,343
Two fiscal years prior
73,958
17,341
56,617
2,491
102,450
13,701
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LIG Nex1 Co. Ltd. published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 05:57:01 UTC.
LIG Nex1 Co Ltd is a Korea-based company mainly engaged in the research, development and production of weapon systems. The Company provides weapons systems mainly used in defense industry fields including precision guided munitions (PGMs), intelligence, surveillance and reconnaissance (ISR), avionics and electronic warfare (AEW), command, control, communications, computers, and information (C4I). PGMs products are composed of antiair, antiship and antisubmarine, earth, air to ground and underwater weapons. ISR products include search radars, tracking radars, image radars, electro-optical equipment, and underwater surveillance systems. AEW products include electronic warfare systems such as avionics, ship and aircraft electronic warfare and army electronic warfare. C4I products include communication terminals, radios and combat systems.
LIG NEX1 CO., LTD. 
