GRAVITY Co., Ltd.
For the period ended Apr 10, 2026. Filed Apr 10, 2026.
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Apr 10, 2026 · Filed Apr 10, 2026
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EX-99.1 · 9. Intangible Assets, Continued
- Intangible Assets, Continued
(2) Changes in intangible assets for the years ended December 31, 2025 and 2024 are as follows:
| (In thousands of won) | 2025 | |||||||
|---|---|---|---|---|---|---|---|---|
| Software · Patents · Other intangible assets · Total | ||||||||
| Beginning balance | W | 1,784,127 | 882,176 | 4,390,245 | 7,056,548 | |||
| Acquisitions/Capital expenditure | 3,202,784 | 353,193 | 1,511,103 | 5,067,080 | ||||
| Amortization | (1,676,787) | (142,032) | (2,789,435) | (4,608,254) | ||||
| Disposals | - | (4,459) | (67) | (4,526) | ||||
| Impairment(*) | - | - | (52,570) | (52,570) | ||||
| Miscellaneous | - | - | (314,000) | (314,000) | ||||
| Foreign exchange differences | (111) | - | 12,766 | 12,655 | ||||
| Ending balance | W | 3,310,013 | 1,088,878 | 2,758,042 | 7,156,933 | |||
(*) The Group recognized W52,570 thousand of impairment loss as carrying amount of the other intangible assets exceeded recoverable amount as of December 31, 2025.
| (In thousands of won) | 2024 | ||||
|---|---|---|---|---|---|
| Software · Patents · Other intangible assets · Total | |||||
| Beginning balance | W | 2,780,930 | 624,867 | 2,964,162 | 6,369,959 |
| Acquisitions/Capital expenditure | 378,818 | 369,387 | 3,758,303 | 4,506,508 | |
| Amortization | (1,381,774) | (112,078) | (1,717,116) | (3,210,968) | |
| Disposals | - | - | (2,839) | (2,839) | |
| Impairment(*) | - | - | (614,741) | (614,741) | |
| Foreign exchange differences | 6,153 | - | 2,476 | 8,629 | |
| Ending balance | W | 1,784,127 | 882,176 | 4,390,245 | 7,056,548 |
(*) The Group recognized W 614,741 thousand of impairment loss as carrying amount of the other intangible assets exceeded recoverable amount as of December 31, 2024.
(3) Classification of amortization in the statements of comprehensive income for the years ended December 31, 2025 and 2024 are as follows:
| (In thousands of won) · 2025 · 2024 | |||
|---|---|---|---|
| Cost of revenues | W | 2,568,805 | 935,620 |
| Selling, general and administrative expenses(*) | 2,039,449 | 2,275,348 | |
| W | 4,608,254 | 3,210,968 | |
(*) The amortization recognized as the research and development included in selling, general and administrative expenses was W 441,653 thousand and W 528,382 thousand, respectively, for the years ended December 31, 2025 and 2024.
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