Document Information

Document title : Annual Report

Amendment : No


Period Information

Document creation date : 03/20/2023

Restatement of comparative financial statements : No

 Current Fiscal Year (Quarter or Half-Year)Quarter (or Half-Year) of Last Fiscal YearLast Fiscal Yearthe Year Before Last Fiscal Year
Document ordinal year number of fiscal year13 1211
Document period start date2022-01-01 2021-01-012020-01-01
Document period end date2022-12-31 2021-12-312020-12-31
Restatement status of financial statementsNo NoNo

Audit Information

Consoldated Audit Information

 Current Fiscal Year (Quarter or Half-Year)Quarter (or Half-Year) of Last Fiscal YearLast Fiscal Yearthe Year Before Last Fiscal Year
Consolidated Audit typeAudit AuditAudit
Consolidated Auditor nameDonghyun Accounting Corp. Donghyun Accounting Corp.Donghyun Accounting Corp.
Consolidated Audit opinionUnqualified Opinion Unqualified OpinionUnqualified Opinion
Consolidated Audit report date2023-03-20 2022-03-212021-03-19
Consolidated Auditor indentification code00967671 0096767100967671

Audit Information

 Current Fiscal Year (Quarter or Half-Year)Quarter (or Half-Year) of Last Fiscal YearLast Fiscal Yearthe Year Before Last Fiscal Year
Separated Audit typeAudit AuditAudit
Separated Auditor nameDonghyun Accounting Corp. Donghyun Accounting Corp.Donghyun Accounting Corp.
Separated Audit opinionUnqualified Opinion Unqualified OpinionUnqualified Opinion
Separated Audit report date2023-03-20 2022-03-212021-03-19
Separated Auditor indentification code00967671 0096767100967671


Entity Information

Entity Information

Entity Central IndexKey : 01182240
Entity Registrant Name : Barrel Co.,Ltd
Entity Legal Registration Number : 110111-4256924
Entity Fiscal Month : December
Number Of Employee : 63Person       Number Of StockHolders : 11,145Person
Standard Industry Code : 14192
Entity Address : 4F. 709, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea
Entity Homepage : https://www.getbarrel.com/

Listing Information

Domestic Exchange : Listed Company on KOSDAQ Market
International Exchange : N/A

Currency & Unit information

Entity Reporting Currency ISOCode : KRW
Unit : one

Document Author Information

 Author NameAuthor TitleTelephoneNumberFAXE-Mail
Disclosure OfficerJONGGIL PARKSENIOR MANAGER02-335-317602-517-3176jkpark@getbarrel.com
Disclosure ContactYOUJIN LEETEAM MANAGER070-4258-169202-517-3176karma0826@getbarrel.com


Form Information

Consolidated Financial Statements

Statement of financial positionStatement of financial position, current/non-current
Statement of comprehensive incomeA Form for Comprehensive Income
By function of expense
the Other comprehensive Income After Tax
Statement of cash flowsStatement of cash flows, indirect method

Financial Statements

Statement of financial positionStatement of financial position, current/non-current
Statement of comprehensive incomeA Form for Comprehensive Income
By function of expense
the Other comprehensive Income After Tax
Statement of cash flowsStatement of cash flows, indirect method

Consolidated Statement of Financial Position
FY 2022 12/31/2022 Current
FY 2021 12/31/2021 Current
FY 2020 12/31/2020 Current
(Unit : KRW)
 FY 2022FY 2021FY 2020
Assets   
Current assets29,998,225,69134,214,227,34530,947,510,702
Cash and cash equivalents6,264,561,15922,461,800,5648,043,628,420
Short-term deposits not classified as cash equivalents5,388,090,463641,053,8930
Short-term trade Receivable1,659,630,033642,200,696621,112,113
Other current financial assets5,944,729,586201,109,1485,155,156,316
Other current assets387,091,367718,862,3261,501,354,473
Current tax assets3,722,5390511,657,502
Inventories10,350,400,5449,549,200,71815,114,601,878
Non-current assets17,659,725,95117,335,683,97418,449,470,840
Other non-current financial assets1,448,194,493632,390,3051,103,443,276
Property, plant and equipment14,067,274,11515,159,425,32116,168,525,555
Intangible assets other than goodwill336,982,597388,193,330525,737,918
Deferred tax assets1,807,274,7461,155,675,018651,764,091
Total assets47,657,951,64251,549,911,31949,396,981,542
Liabilities   
Current liabilities14,610,487,8194,214,606,5654,053,369,515
Short-term trade Payables832,740,766230,762,72440,726,185
Other current financial liabilities1,643,873,488861,309,803811,546,271
Current portion of long-term borrowings2,000,000,0002,000,000,0002,000,000,000
Current portion of convertible bonds9,027,794,64700
Current lease liabilities540,382,762358,514,566646,059,083
Current provisions94,822,17420,228,30851,582,095
Other current liabilities470,873,982417,318,616503,455,881
Current tax liabilities0326,472,5480
Non-current liabilities2,572,895,79610,974,863,0485,239,870,502
Long-term borrowings, gross1,000,000,0003,000,000,0005,000,000,000
Convertible bonds07,681,180,3500
Other non-current financial liabilities405,000,00047,500,00047,500,000
Other non-current liabilities0040,151,292
Non-current lease liabilities1,167,895,796246,182,698152,219,210
Total liabilities17,183,383,61515,189,469,6139,293,240,017
Equity   
Equity attributable to owners of parent30,474,568,02736,360,441,70640,103,741,525
Issued capital3,942,750,0003,942,750,0003,942,750,000
Share premium17,914,796,35817,914,796,35817,914,796,358
Elements of other stockholder's equity4,011,433,1664,031,708,346972,480,690
Other Comprehensive income/loss accumulated amount186,280,244143,584,266(44,366,446)
Retained earnings4,419,308,25910,327,602,73617,318,080,923
Total equity30,474,568,02736,360,441,70640,103,741,525
Total equity and liabilities47,657,951,64251,549,911,31949,396,981,542

Consolidated Statement of Comprehensive Income
FY 2022 From 01/01/2022 To 12/31/2022
FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020
(Unit : KRW)
 FY 2022FY 2021FY 2020
Revenue(Sales)38,031,771,17021,528,383,16426,697,239,538
Cost of sales15,546,048,76510,773,990,90313,305,207,742
Gross profit22,485,722,40510,754,392,26113,392,031,796
Selling general administrative expenses26,819,056,19118,469,984,70120,863,601,657
Operating income(loss)(4,333,333,786)(7,715,592,440)(7,471,569,861)
Finance income521,517,636325,246,773135,074,806
Finance costs1,859,145,110958,966,177334,746,709
Other gains595,645,424321,268,816246,664,936
Other losses1,559,295,96678,849,885124,085,267
Profit (loss) before tax(6,634,611,802)(8,106,892,913)(7,548,662,095)
Income tax expense(726,317,325)(1,116,414,726)(1,351,252,595)
Profit (loss)(5,908,294,477)(6,990,478,187)(6,197,409,500)
Other comprehensive income42,695,978187,950,71238,745,110
Other comprehensive income that will be reclassified to profit or loss, net of tax42,695,978187,950,71238,745,110
Gains (losses) on exchange differences on translation, net of tax42,695,978187,950,71238,745,110
Total comprehensive income(5,865,598,499)(6,802,527,475)(6,158,664,390)
Profit (loss), attributable to   
Profit (loss), attributable to owners of parent(5,908,294,477)(6,990,478,187)(6,197,409,500)
Profit (loss), attributable to non-controlling interests000
Comprehensive income attributable to   
Comprehensive income, attributable to owners of parent(5,865,598,499)(6,802,527,475)(6,158,664,390)
Comprehensive income, attributable to non-controlling interests000
Earnings per share   
Basic earnings (loss) per share (Unit : KRW)(749)(886)(789)
Diluted earnings (loss) per share (Unit : KRW)(749)(886)(789)

Consolidated Statement of Changes in Equity
FY 2022 From 01/01/2022 To 12/31/2022
FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020
(Unit : KRW)
 Equity
Equity attributable to owners of parentNon-controlling interestsTotal of Equity
Issued capitalCapital surplusElements of other stockholders equityOther Comprehensive income/loss accumulated amountRetained earningsTotal of Equity attributable to owners of parent
2020.01.01(Equity at beginning of period)3,909,050,00017,399,248,5141,037,242,154(83,111,556)23,515,490,42345,777,919,535045,777,919,535
Profit (loss)0000(6,197,409,500)(6,197,409,500)0(6,197,409,500)
Other comprehensive incomeGains or Losses  cumulative effect foreign currency translation00038,745,110038,745,110038,745,110
Issue of equity33,700,000515,547,844(104,407,844)00444,840,0000444,840,000
Share based payment transactions0039,646,3800039,646,380039,646,380
Compound financial instrument issue00000000
2020.12.31(Equity at end of period)3,942,750,00017,914,796,358972,480,690(44,366,446)17,318,080,92340,103,741,525040,103,741,525
2021.01.01(Equity at beginning of period)3,942,750,00017,914,796,358972,480,690(44,366,446)17,318,080,92340,103,741,525040,103,741,525
Profit (loss)0000(6,990,478,187)(6,990,478,187)0(6,990,478,187)
Other comprehensive incomeGains or Losses  cumulative effect foreign currency translation000187,950,7120187,950,7120187,950,712
Issue of equity00000000
Share based payment transactions0077,557,8210077,557,821077,557,821
Compound financial instrument issue002,981,669,835002,981,669,83502,981,669,835
2021.12.31(Equity at end of period)3,942,750,00017,914,796,3584,031,708,346143,584,26610,327,602,73636,360,441,706036,360,441,706
2022.01.01(Equity at beginning of period)3,942,750,00017,914,796,3584,031,708,346143,584,26610,327,602,73636,360,441,706036,360,441,706
Profit (loss)0000(5,908,294,477)(5,908,294,477)0(5,908,294,477)
Other comprehensive incomeGains or Losses  cumulative effect foreign currency translation00042,695,978042,695,978042,695,978
Issue of equity00000000
Share based payment transactions00(20,275,180)00(20,275,180)0(20,275,180)
Compound financial instrument issue00000000
2022.12.31(Equity at end of period)3,942,750,00017,914,796,3584,011,433,166186,280,2444,419,308,25930,474,568,027030,474,568,027

Consolidated Statement of Cash Flows
FY 2022 From 01/01/2022 To 12/31/2022
FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020
(Unit : KRW)
 FY 2022FY 2021FY 2020
Cash flows from (used in) operating activities(2,213,122,873)1,871,674,703(8,665,377,103)
Adjustments for assets and liabilities of operating activities(2,013,295,190)1,239,636,237(8,663,042,540)
Interest received151,784,18594,111,673137,514,255
Interest paid(96,134,378)(71,723,257)(110,685,262)
Income taxes paid (refund)(255,477,490)609,650,050(29,163,556)
Cash flows from (used in) investing activities(11,730,125,332)5,191,731,661(5,539,281,565)
Purchase of fair value financial asset(5,000,000,000)00
Proceeds from sales of fair value financial asset40,427,67000
Proceeds from sales of other financial assets119,050,0005,570,052,971215,507,862
Purchase of other financial assets(5,648,791,924)(99,000,000)(5,025,000,000)
Purchase of property, plant and equipment(1,406,367,272)(282,243,219)(684,358,007)
Proceeds from sales of property, plant and equipment269,060,00019,090,9090
Purchase of intangible assets(103,503,806)(16,169,000)(45,431,420)
Cash flows from (used in) financing activities(2,257,807,390)7,310,471,667(1,276,678,656)
Increase in guarantee deposits as financial activities405,000,000037,500,000
Repayments of borrowings(2,000,000,000)(2,000,000,000)(1,000,000,000)
Proceeds from convertible bonds010,000,000,0000
Payments of finance lease liabilities(663,604,572)(741,844,544)(786,422,600)
Proceeds from government grants797,18252,316,21127,403,944
Proceeds from issuing shares00444,840,000
Effect of exchange rate changes on cash and cash equivalents3,816,19044,294,113(14,815,852)
Net increase (decrease) in cash and cash equivalents(16,197,239,405)14,418,172,144(15,496,153,176)
Cash and cash equivalents at beginning of period22,461,800,5648,043,628,42023,539,781,596
Cash and cash equivalents at end of period6,264,561,15922,461,800,5648,043,628,420

Statement of Financial Position
FY 2022 12/31/2022 Current
FY 2021 12/31/2021 Current
FY 2020 12/31/2020 Current
(Unit : KRW)
 FY 2022FY 2021FY 2020
Assets   
Current assets29,046,548,46131,148,334,14828,691,874,779
Cash and cash equivalents5,572,250,09820,851,636,6176,975,164,163
Short-term deposits not classified as cash equivalents5,388,090,463641,053,8930
Short-term trade Receivable1,614,197,644610,211,4011,012,179,125
Other current financial assets5,902,897,868101,939,0965,075,603,207
Other current assets358,057,409629,702,322612,290,993
Current tax assets3,722,5390511,657,502
Inventories10,207,332,4408,313,790,81914,504,979,789
Non-current assets18,428,234,01120,299,628,73420,449,010,790
Other non-current financial assets1,448,194,493632,390,3051,103,443,276
Investments in subsidiaries, joint ventures and associates772,201,9483,021,409,6132,201,457,261
Property, plant and equipment14,063,580,22715,101,960,46815,966,608,244
Intangible assets other than goodwill336,982,597388,193,330525,737,918
Deferred tax assets1,807,274,7461,155,675,018651,764,091
Total assets47,474,782,47251,447,962,88249,140,885,569
Liabilities   
Current liabilities14,427,318,6494,112,658,1283,853,515,521
Short-term trade Payables832,740,766230,762,72440,133,891
Other current financial liabilities1,463,835,464795,268,306764,555,117
Current portion of long-term borrowings2,000,000,0002,000,000,0002,000,000,000
Current portion of convertible bonds9,027,794,64700
Current lease liabilities540,382,762293,018,286477,121,776
Current provisions94,822,17417,393,86940,723,588
Other current liabilities467,742,836449,742,395530,981,149
Current tax liabilities0326,472,5480
Non-current liabilities2,572,895,79610,974,863,0485,183,628,523
Long-term borrowings, gross1,000,000,0003,000,000,0005,000,000,000
Convertible bonds07,681,180,3500
Other non-current financial liabilities405,000,00047,500,00047,500,000
Other non-current liabilities0040,151,292
Non-current lease liabilities1,167,895,796246,182,69895,977,231
Total liabilities17,000,214,44515,087,521,1769,037,144,044
Equity   
Issued capital3,942,750,0003,942,750,0003,942,750,000
Share premium17,914,796,35817,914,796,35817,914,796,358
Elements of other stockholder's equity4,011,433,1664,031,708,346972,480,690
Other Comprehensive income/loss accumulated amount186,280,244143,584,266(44,366,446)
Retained earnings4,419,308,25910,327,602,73617,318,080,923
Total equity30,474,568,02736,360,441,70640,103,741,525
Total equity and liabilities47,474,782,47251,447,962,88249,140,885,569

Statement of Comprehensive Income
FY 2022 From 01/01/2022 To 12/31/2022
FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020
(Unit : KRW)
 FY 2022FY 2021FY 2020
Revenue(Sales)36,936,333,38720,507,166,33225,895,650,541
Cost of sales14,329,849,95611,036,533,17813,300,491,467
Gross profit22,606,483,4319,470,633,15412,595,159,074
Selling general administrative expenses24,591,295,15415,438,292,09118,882,251,381
Operating income(loss)(1,984,811,723)(5,967,658,937)(6,287,092,307)
Finance income460,465,612304,240,528131,858,337
Finance costs1,858,462,929951,915,641276,848,700
Other gains586,082,732314,682,217242,510,696
Other losses1,545,981,85178,849,885124,038,919
Gain or Losses of associates and joint ventures accounted for using equity method(2,291,903,643)(1,727,391,195)(1,235,051,202)
Profit (loss) before tax(6,634,611,802)(8,106,892,913)(7,548,662,095)
Income tax expense(726,317,325)(1,116,414,726)(1,351,252,595)
Profit (loss)(5,908,294,477)(6,990,478,187)(6,197,409,500)
Other comprehensive income42,695,978187,950,71238,745,110
Other comprehensive income that will be reclassified to profit or loss, net of tax42,695,978187,950,71238,745,110
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax42,695,978187,950,71238,745,110
Total comprehensive income(5,865,598,499)(6,802,527,475)(6,158,664,390)
Earnings per share   
Basic earnings (loss) per share (Unit : KRW)(749)(886)(789)
Diluted earnings (loss) per share (Unit : KRW)(749)(886)(789)

Statement of Changes in Equity
FY 2022 From 01/01/2022 To 12/31/2022
FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020
(Unit : KRW)
 Equity
Issued capitalCapital surplusElements of other stockholders equityOther Comprehensive income/loss accumulated amountRetained earningsTotal of Equity
2020.01.01(Equity at beginning of period)3,909,050,00017,399,248,5141,037,242,154(83,111,556)23,515,490,42345,777,919,535
Profit (loss)0000(6,197,409,500)(6,197,409,500)
Other comprehensive incomeIncrease (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control00038,745,110038,745,110
Issue of equity33,700,000515,547,844(104,407,844)00444,840,000
Share based payment transactions0039,646,3800039,646,380
Compound financial instrument issue000000
2020.12.31(Equity at end of period)3,942,750,00017,914,796,358972,480,690(44,366,446)17,318,080,92340,103,741,525
2021.01.01(Equity at beginning of period)3,942,750,00017,914,796,358972,480,690(44,366,446)17,318,080,92340,103,741,525
Profit (loss)0000(6,990,478,187)(6,990,478,187)
Other comprehensive incomeIncrease (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control000187,950,7120187,950,712
Issue of equity000000
Share based payment transactions0077,557,8210077,557,821
Compound financial instrument issue002,981,669,835002,981,669,835
2021.12.31(Equity at end of period)3,942,750,00017,914,796,3584,031,708,346143,584,26610,327,602,73636,360,441,706
2022.01.01(Equity at beginning of period)3,942,750,00017,914,796,3584,031,708,346143,584,26610,327,602,73636,360,441,706
Profit (loss)0000(5,908,294,477)(5,908,294,477)
Other comprehensive incomeIncrease (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control00042,695,978042,695,978
Issue of equity000000
Share based payment transactions00(20,275,180)00(20,275,180)
Compound financial instrument issue000000
2022.12.31(Equity at end of period)3,942,750,00017,914,796,3584,011,433,166186,280,2444,419,308,25930,474,568,027

Statement of Cash Flows
FY 2022 From 01/01/2022 To 12/31/2022
FY 2021 From 01/01/2021 To 12/31/2021
FY 2020 From 01/01/2020 To 12/31/2020
(Unit : KRW)
 FY 2022FY 2021FY 2020
Cash flows from (used in) operating activities(1,360,402,362)3,548,922,439(7,095,268,987)
Adjustments for assets and liabilities of operating activities(1,158,687,308)2,918,873,716(7,089,717,955)
Interest received149,896,81492,121,930134,297,786
Interest paid(96,134,378)(71,723,257)(110,685,262)
Income taxes paid (refund)(255,477,490)609,650,050(29,163,556)
Cash flows from (used in) investing activities(11,725,787,712)2,832,338,826(6,701,725,993)
Purchase of short term Financial Instruments(5,000,000,000)00
Proceeds from sales of fair value financial asset40,427,67000
Proceeds from sales of other financial assets119,050,0005,570,052,971215,507,862
Purchase of other financial assets(5,648,791,924)(99,000,000)(5,025,000,000)
Purchase of investments in subsidiaries, joint ventures and associates0(2,359,392,835)(1,165,300,000)
Purchase of property, plant and equipment(1,402,029,652)(282,243,219)(681,502,435)
Proceeds from sales of property, plant and equipment269,060,00019,090,9090
Purchase of intangible assets(103,503,806)(16,169,000)(45,431,420)
Cash flows from (used in) financing activities(2,189,761,726)7,494,431,091(1,112,633,856)
Increase in guarantee deposits as financial activities405,000,000037,500,000
Repayments of borrowings(2,000,000,000)(2,000,000,000)(1,000,000,000)
Proceeds from convertible bonds010,000,000,0000
Payments of finance lease liabilities(595,558,908)(557,885,120)(622,377,800)
Proceeds from government grants797,18252,316,21127,403,944
Proceeds from issuing shares00444,840,000
Effect of exchange rate changes on cash and cash equivalents(3,434,719)780,098(60,636,068)
Net increase (decrease) in cash and cash equivalents(15,279,386,519)13,876,472,454(14,970,264,904)
Cash and cash equivalents at beginning of period20,851,636,6176,975,164,16321,945,429,067
Cash and cash equivalents at end of period5,572,250,09820,851,636,6176,975,164,163