Consolidated Statements of Financial Position (In millions of KRW and thousands of US$) As of 31-Dec-24 31-Mar-25 KRW US$ KRW US$ (audited) (unaudited) (unaudited) (unaudited)Assets Current assets: Cash and cash equivalents 228,898 155,244 201,367 136,572 Short-term financial instruments 324,304 219,951 375,796 254,874 Accounts receivable, net 81,152 55,039 74,469 50,507 Other receivables, net 1,572 1,066 2,162 1,466 Prepaid expenses 8,115 5,504 6,669 4,523 Other current financial assets 6,602 4,478 6,033 4,092 Other current assets 2,967 2,012 3,091 2,096 Total current assets 653,610 443,294 669,587 454,130 Property and equipment, net 9,957 6,753 10,576 7,173 Intangible assets, net 7,057 4,786 6,414 4,350 Deferred tax assets 5,617 3,810 6,294 4,269 Other non-current financial assets 1,767 1,198 670 454 Other non-current assets 8,451 5,732 9,366 6,352 Total assets 686,459 465,573 702,907 476,728 Liabilities and Equity Current liabilities: Accounts payable 67,930 46,072 63,048 42,761 Deferred revenue 26,761 18,150 24,015 16,288 Withholdings 1,588 1,077 1,635 1,109 Accrued expense 2,651 1,798 2,168 1,470 Income tax payable 6,507 4,413 8,782 5,956 Other current liabilities 3,212 2,178 3,390 2,299 Total current liabilities 108,649 73,688 103,038 69,883 Long-term account payables 220 149 220 149 Long-term deferred revenue 2,572 1,744 1,322 897 Other non-current liabilities 5,361 3,636 5,904 4,003 Deferred tax liabilities 1,294 878 1,294 878 Total liabilities 118,096 80,095 111,778 75,810 Share capital 3,474 2,356 3,474 2,356 Capital surplus 26,979 18,298 26,979 18,298 Other components of equity 23,801 16,143 24,507 16,621 Retained earnings 513,418 348,212 535,456 363,159 Equity attributable to owners of the Parent Company 567,672 385,009 590,416 400,434 Non-controlling interest 691 469 713 484 Total equity 568,363 385,478 591,129 400,918 Total liabilities and equity 686,459 465,573 702,907 476,728 * For convenience purposes only, the KRW amounts are expressed in U.S.dollars at the rate of KRW 1,474.44 to US$ 1.00, the noon buying rate in effect on March 31, 2025 as quoted by the Federal Reserve Bank of New York.GRAVITY Co., Ltd.
GRAVITY BUSINESS UPDATES Ragnarok Online IP-based Games Ragnarok M: Classic, an MMORPG Mobile game Ragnarok M: Classic was officially launched in Southeast Asia on February 14, 2025 and Taiwan, Hong Kong and Macau on April 16, 2025.
Ragnarok Idle Adventure Plus, a Vertical Idle MMORPG Mobile game Ragnarok Idle Adventure Plus was launched in Global except for Taiwan, Hong Kong, Macau, China, Korea and Japan on February 20, 2025 and is underway for its launch in Taiwan, Hong Kong and Macau in the second quarter of 2025 and Korea in the second half of 2025.
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