GS Engineering & Construction Amends 2023 Annual Report to Correct XBRL Errors, No Financial Impact

This amendment corrects XBRL tagging errors in the previously filed 55th term business report dated March 21, 2024, specifically in the notes on construction contracts, related party transactions, and financial risk management for both consolidated and separate financial statements.
All financial figures and other disclosures remain unchanged, resulting in zero impact on shareholder value.
Consolidated revenue for 2023 was KRW 13,436.7 billion with an operating loss of KRW 387.9 billion and net loss of KRW 419.5 billion. On a separate basis, revenue was KRW 9,377.8 billion, operating loss KRW 709.4 billion, and net loss KRW 580.9 billion.
The consolidated debt-to-equity ratio stood at 262% and net borrowing ratio at 61%.
No dividend was declared for 2023 due to net loss. In 2022, a cash dividend of KRW 1,300 per share was paid.
As of the reporting date, the company held 692,595 treasury shares with no change during the period.
[AI Summary]This amendment is a purely administrative correction of XBRL errors with no changes to financial figures, thus having no impact on shareholder value. Investors can rely on the original financial statements without adjustment.