아세아제지 사업보고서 (2025.12)
2. 연결재무제표

## 2-1. 연결 재무상태표

연결 재무상태표
제 70 기 2025.12.31 현재
제 69 기 2024.12.31 현재
제 68 기 2023.12.31 현재
(단위 : 원)

제 70 기	제 69 기	제 68 기

자산

Ⅰ.유동자산	356,547,555,566	390,047,677,635	403,603,823,024

(1)현금및현금성자산	68,623,096,315	89,095,076,442	101,423,559,304

(2)단기금융상품	78,500,000,000	85,700,000,000	75,550,000,000

(3)매출채권	122,762,288,124	124,909,494,292	140,740,961,770

(4)미수금	2,036,226,190	1,075,396,016	1,236,425,820

(5)기타수취채권	902,471,771	1,098,187,647	1,198,294,976

(6)재고자산	80,125,640,833	85,093,765,321	81,123,410,752

(7)금융리스채권	7,282,842	25,507,071	0

(8)파생상품자산	0	0	61,956,220

(9)기타자산	3,590,549,491	3,050,250,846	2,269,214,182

Ⅱ.비유동자산	678,003,341,504	636,436,840,546	644,573,941,817

(1)장기금융상품	916,111,000	832,579,000	749,047,000

(2)장기매출채권	233,083,003	225,806,843	239,841,196

(3)기타포괄손익-공정가치 측정 금융자산	3,533,142,651	1,317,607,651	1,560,870,151

(4)기타장기수취채권	2,652,984,634	2,358,146,306	2,269,179,478

(5)유형자산	655,874,186,155	615,486,804,316	619,951,565,721

(6)투자부동산	4,040,656,960	4,199,771,890	4,103,090,696

(7)무형자산	6,193,317,477	6,652,697,477	6,657,677,477

(8)사용권자산	4,482,983,009	5,279,267,606	6,080,474,827

(9)금융리스채권	76,876,615	84,159,457	130,410,052

(10)순확정급여자산	0	0	2,831,785,219

자산총계	1,034,550,897,070	1,026,484,518,181	1,048,177,764,841

부채

Ⅰ.유동부채	151,557,163,689	150,651,829,167	153,102,582,951

(1)매입채무	31,554,781,883	31,062,500,086	36,166,419,132

(2)단기차입금	66,661,468,441	63,833,868,575	38,739,680,364

(3)유동성장기차입금	1,117,060,000	1,996,640,000	27,115,673,328

(4)미지급금	16,370,898,376	12,110,711,346	11,838,277,831

(5)기타지급채무	14,278,001,247	14,011,325,275	13,575,662,667

(6)유동성리스부채	2,158,143,143	2,101,778,104	1,969,990,969

(7)기타유동부채	12,941,125,753	14,025,797,977	14,389,177,072

(8)충당부채	2,719,471,779	5,875,407,936	88,774,840

(9)당기법인세부채	3,756,213,067	5,633,799,868	9,218,926,748

Ⅱ.비유동부채	37,667,988,082	39,896,072,584	45,317,862,554

(1)장기차입금	150,000,000	1,267,060,000	3,263,700,000

(2)기타장기지급채무	552,000,000	272,000,000	552,000,000

(3)이연법인세부채	26,110,392,915	23,664,089,737	25,417,178,502

(4)리스부채	2,523,584,319	3,368,158,057	4,210,868,449

(5)기타비유동부채	1,748,464,635	1,241,037,071	1,058,106,482

(6)순확정급여부채	6,583,546,213	10,083,727,719	10,816,009,121

부채총계	189,225,151,771	190,547,901,751	198,420,445,505

자본

Ⅰ.지배기업의 소유주에게 귀속되는 자본	845,325,745,299	835,936,616,430	849,757,319,336

(1)자본금	44,782,510,000	44,782,510,000	44,782,510,000

(2)기타불입자본	168,867,315,786	211,252,597,241	215,341,737,811

(3)기타자본구성요소	(12,900,160)	45,040,325	237,460,963

(4)이익잉여금(결손금)	631,688,819,673	579,856,468,864	589,395,610,562

Ⅱ.비지배지분	0	0	0

자본총계	845,325,745,299	835,936,616,430	849,757,319,336

자본과부채총계	1,034,550,897,070	1,026,484,518,181	1,048,177,764,841

## 2-2. 연결 포괄손익계산서

연결 포괄손익계산서
제 70 기 2025.01.01 부터 2025.12.31 까지
제 69 기 2024.01.01 부터 2024.12.31 까지
제 68 기 2023.01.01 부터 2023.12.31 까지
(단위 : 원)

제 70 기	제 69 기	제 68 기

Ⅰ.수익(매출액)	855,126,180,115	891,065,284,091	908,334,402,467

Ⅱ.매출원가	715,298,284,515	752,469,262,122	719,154,140,010

Ⅲ.매출총이익	139,827,895,600	138,596,021,969	189,180,262,457

Ⅳ.판매비	50,164,953,826	50,136,771,605	45,879,363,421

Ⅴ.관리비	62,446,891,688	61,893,128,947	55,718,396,301

Ⅵ.영업이익(손실)	27,216,050,086	26,566,121,417	87,582,502,735

Ⅶ.금융수익	4,658,240,849	6,338,850,882	6,729,523,910

Ⅷ.금융원가	2,877,702,436	3,672,032,562	4,237,539,262

Ⅸ.기타이익	15,204,301,002	11,609,387,545	12,389,233,847

Ⅹ.기타손실	2,985,437,592	4,951,851,305	1,582,253,290

XI.법인세비용차감전순이익(손실)	41,215,451,909	35,890,475,977	100,881,467,940

XⅡ.법인세비용(수익)	11,605,238,778	11,948,859,959	19,828,292,408

XⅢ.당기순이익(손실)	29,610,213,131	23,941,616,018	81,053,175,532

(1)지배기업소유주지분	29,610,213,131	23,941,616,018	81,053,175,532

(2)비지배지분	0	0	0

XIV.기타포괄손익	464,897,873	(1,570,687,154)	(2,338,287,349)

(1)후속적으로 당기손익으로 재분류되지 않는항목	464,897,873	(1,570,687,154)	(2,338,287,349)

1.확정급여제도의 재측정요소	522,838,358	(1,378,266,514)	(2,708,889,462)

2.법인세효과	(57,940,485)	(192,420,640)	370,602,113

XV.당기총포괄손익	30,075,111,004	22,370,928,864	78,714,888,183

(1)지배기업소유주지분	30,075,111,004	22,370,928,864	78,714,888,183

(2)비지배지분	0	0	0

XVI.주당이익

(1)기본주당이익(손실) (단위 : 원)	758	587	1,857

## 2-3. 연결 자본변동표

연결 자본변동표
제 70 기 2025.01.01 부터 2025.12.31 까지
제 69 기 2024.01.01 부터 2024.12.31 까지
제 68 기 2023.01.01 부터 2023.12.31 까지
(단위 : 원)

자본

지배기업 지분	비지배지분	자본 합계

자본금	주식발행초과금	주식발행초과금	자기주식 처분이익	자기주식	기타자본구성요소	이익잉여금	지배기업 지분 합계

2023.01.01 (Ⅰ.기초자본)	44,782,510,000	236,036,109,237	(784,818,018)	104,930,442	0	(133,141,150)	524,280,431,492	804,286,022,003	0	804,286,022,003

Ⅱ.배당금 지급	0	0	0	0	0	0	(13,229,107,000)	(13,229,107,000)	0	(13,229,107,000)

Ⅲ.당기순이익(손실)	0	0	0	0	0	0	81,053,175,532	81,053,175,532	0	81,053,175,532

Ⅳ.기타포괄손익	0	0	0	0	0	370,602,113	(2,708,889,462)	(2,338,287,349)	0	(2,338,287,349)

Ⅴ.주식발행초과금의 이익잉여금 전환	0	0	0	0	0	0	0	0	0	0

Ⅵ.자기주식 소각	0	0	0	0	0	0	0	0	0	0

Ⅶ.자기주식의 취득	0	0	0	0	(20,014,483,850)	0	0	(20,014,483,850)	0	(20,014,483,850)

2023.12.31 (Ⅷ.기말자본)	44,782,510,000	236,036,109,237	(784,818,018)	104,930,442	(20,014,483,850)	237,460,963	589,395,610,562	849,757,319,336	0	849,757,319,336

2024.01.01 (Ⅰ.기초자본)	44,782,510,000	236,036,109,237	(784,818,018)	104,930,442	(20,014,483,850)	237,460,963	589,395,610,562	849,757,319,336	0	849,757,319,336

Ⅱ.배당금 지급	0	0	0	0	0	0	(16,179,283,200)	(16,179,283,200)	0	(16,179,283,200)

Ⅲ.당기순이익(손실)	0	0	0	0	0	0	23,941,616,018	23,941,616,018	0	23,941,616,018

Ⅳ.기타포괄손익	0	0	0	0	0	(192,420,638)	(1,378,266,516)	(1,570,687,154)	0	(1,570,687,154)

Ⅴ.주식발행초과금의 이익잉여금 전환	0	0	0	0	0	0	0	0	0	0

Ⅵ.자기주식 소각	0	0	0	0	15,923,208,000	0	(15,923,208,000)	0	0	0

Ⅶ.자기주식의 취득	0	0	0	0	(20,012,348,570)	0	0	(20,012,348,570)	0	(20,012,348,570)

2024.12.31 (Ⅷ.기말자본)	44,782,510,000	236,036,109,237	(784,818,018)	104,930,442	(24,103,624,420)	45,040,325	579,856,468,864	835,936,616,430	0	835,936,616,430

2025.01.01 (Ⅰ.기초자본)	44,782,510,000	236,036,109,237	(784,818,018)	104,930,442	(24,103,624,420)	45,040,325	579,856,468,864	835,936,616,430	0	835,936,616,430

Ⅱ.배당금 지급	0	0	0	0	0	0	(10,685,985,250)	(10,685,985,250)	0	(10,685,985,250)

Ⅲ.당기순이익(손실)	0	0	0	0	0	0	29,610,213,131	29,610,213,131	0	29,610,213,131

Ⅳ.기타포괄손익	0	0	0	0	0	(57,940,485)	522,838,358	464,897,873	0	464,897,873

Ⅴ.주식발행초과금의 이익잉여금 전환	0	(50,421,348,980)	0	0	0	0	50,421,348,980	0	0	0

Ⅵ.자기주식 소각	0	0	0	0	(9,999,996,885)	0	0	(9,999,996,885)	0	(9,999,996,885)

Ⅶ.자기주식의 취득	0	0	0	0	18,036,064,410	0	(18,036,064,410)	0	0	0

2025.12.31 (Ⅷ.기말자본)	44,782,510,000	185,614,760,257	(784,818,018)	104,930,442	(16,067,556,895)	(12,900,160)	631,688,819,673	845,325,745,299	0	845,325,745,299

## 2-4. 연결 현금흐름표

연결 현금흐름표
제 70 기 2025.01.01 부터 2025.12.31 까지
제 69 기 2024.01.01 부터 2024.12.31 까지
제 68 기 2023.01.01 부터 2023.12.31 까지
(단위 : 원)

제 70 기	제 69 기	제 68 기

Ⅰ.영업활동현금흐름	77,042,494,905	83,127,664,656	132,892,383,276

(1)당기순이익(손실)	29,610,213,131	23,941,616,018	81,053,175,532

(2)당기순이익조정	62,891,091,285	73,237,387,095	72,161,855,612

(3)순운전자본의변동	(6,208,392,356)	(626,881,275)	6,401,050,109

(4)이자수취	4,479,631,609	6,327,874,334	6,452,398,193

(5)이자지급	(2,660,328,581)	(3,015,908,977)	(3,341,375,122)

(6)배당금수취	0	75,000,000	45,000,000

(7)법인세납부	(11,069,720,183)	(16,811,422,539)	(29,879,721,048)

Ⅱ.투자활동현금흐름	(75,332,054,875)	(54,677,270,229)	(68,213,653,793)

(1)단기금융상품의 감소	192,250,000,000	267,850,000,000	300,250,000,000

(2)장기금융상품의 처분	0	0	4,500,000

(3)단기대여금의 회수	31,883,305	26,567,047	40,870,871

(4)임차보증금의 감소	232,000,000	122,000,000	405,610,000

(5)유형자산의 처분	469,302,686	428,904,090	823,412,958

(6)무형자산의 처분	776,040,000	0	0

(7)리스채권의 회수	25,507,071	20,743,524	16,997,571

(8)국고보조금의 수령	0	583,921,380	2,203,192,000

(9)당기손익공정가치측정금융자산의 처분	12,550,000,000	0	0

(10)보험금의 수령	5,223,975,027	0	0

(11)만기보유금융자산의 처분	0	0	13,946,577,246

(12)단기금융상품의 증가	(184,200,000,000)	(278,000,000,000)	(280,850,000,000)

(13)장기금융상품의 증가	(83,532,000)	(83,532,000)	(683,532,000)

(14)단기대여금의 증가	(30,493,790)	(16,614,580)	(33,257,860)

(15)보증금의 증가	(517,495,110)	(200,170,000)	(333,190,090)

(16)유형자산의 취득	(86,065,962,179)	(45,409,089,690)	(104,004,834,489)

(17)무형자산의 취득	(306,600,000)	0	0

(18)당기손익공정가치측정금융자산의 취득	(15,686,679,885)	0	0

Ⅲ.재무활동현금흐름	(22,171,691,085)	(40,779,388,088)	(52,230,979,042)

(1)단기차입금의 차입	200,259,697,453	229,692,329,833	41,505,937,804

(2)유동성장기차입금의 상환	(1,996,640,000)	(27,115,673,328)	(10,748,133,322)

(3)리스부채의 상환	(2,289,454,990)	(2,200,067,068)	(1,894,086,232)

(4)배당금의 지급	(10,685,473,600)	(16,178,555,520)	(13,228,711,750)

(5)자기주식 취득	(9,999,996,885)	(20,012,348,570)	(20,014,483,850)

(6)단기차입금의 상환	(197,459,823,063)	(204,965,073,435)	(47,851,501,692)

Ⅳ.현금및현금성자산에 대한 환율변동효과	(10,729,072)	510,799	(21,490)

Ⅴ.현금및현금성자산의순증가(감소)	(20,471,980,127)	(12,328,482,862)	12,447,728,951

Ⅵ.기초현금및현금성자산	89,095,076,442	101,423,559,304	88,975,830,353

Ⅶ.기말현금및현금성자산	68,623,096,315	89,095,076,442	101,423,559,304