Sk Telecom Co Ltd 6-K, filed Feb 3, 2021
Sk Telecom Co Ltd (SKM)
About this 6-K
Sk Telecom Co Ltd filed this 6-K on February 3, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF FEBRUARY 2021
Commission File Number: 333-04906
SK Telecom Co., Ltd.
(Translation of registrant’s name into English)
65 Euljiro, Jung-gu
Seoul 04539, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Changes of 15% or More in Revenue or Profit
The preliminary results shown below may differ from the final results, which remain subject to audit by the independent auditors of SK Telecom Co., Ltd. (the “Company”). |
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| 1. Basis: Consolidated |
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| 2. Details of Changes (in thousands of Won, except percentages) |
Current Fiscal Year |
Previous Fiscal Year |
Amount Increased/ Decreased |
Increase/Decrease Rate (%) |
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| Operating Revenue |
18,624,651,018 | 17,740,715,768 | 883,935,250 | 5.0 | ||||||||||||
| Operating Income |
1,349,324,488 | 1,108,176,392 | 241,148,096 | 21.8 | ||||||||||||
| Profit from Continuing Operations Before Income Tax |
1,877,040,410 | 1,161,001,177 | 716,039,233 | 61.7 | ||||||||||||
| Profit for the Period |
1,500,538,329 | 860,733,284 | 639,805,045 | 74.3 | ||||||||||||
| 3. Financial Position (in thousands of Won, except percentages) |
Current Fiscal Year |
Previous Fiscal Year |
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| Total Assets |
47,906,956,258 | 45,202,366,354 | ||||||||||||||
| Total Liabilities |
23,510,712,911 | 22,385,431,595 | ||||||||||||||
| Total Shareholders’ Equity |
24,396,243,347 | 22,816,934,758 | ||||||||||||||
| Capital Stock |
44,639,473 | 44,639,473 | ||||||||||||||
| Ratio of Total Shareholders’ Equity to Capital Stock (%) |
54,651.7 | 51,113.8 | ||||||||||||||
| 4. Main Reasons for Changes in Revenue or Profit/Loss |
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• Increase in operating profit, primarily as a result
of • Increase in gain related to the equity method investment in |
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| Additional Disclosure |
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| Basis | Current Fiscal Year | Previous Fiscal Year | ||||||||
| Equity attributable to the owners of the parent company (in thousands of Won) |
Consolidated | 23,743,893,955 | 22,950,227,758 | |||||||
| Ratio of Equity attributable to the owners of the parent company to Capital Stock (%) |
Consolidated | 53,190.4 | 51,412.4 | |||||||
| Operating Revenue (in thousands of Won) |
Separate | 11,746,629,821 | 11,421,342,379 | |||||||
The preliminary results above have been prepared on a consolidated basis in accordance with International Financial Reporting Standards as adopted in Korea. The results of operations above reflect the impact of a change in our accounting policies resulting from a new interpretation of IFRS 16, Leases. The preliminary results above are estimates only and are subject to change based upon the results of an audit conducted by the independent auditors of the Company and the approval process at the Company’s annual shareholders’ meeting.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SK Telecom Co., Ltd. | ||
| (Registrant) | ||
| By: | /s/ Joong Suk Oh | |
| (Signature) | ||
| Name: | Joong Suk Oh | |
| Title: | Senior Vice President | |
Date: February 3, 2021