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Reporter Jeong-hoo Lee = Wemade, which announced its earnings by calculating sales revenue from its cryptocurrency, Wemix, published a correction on the 16th excluding sales revenue from Wemix.
As a result, WeMades consolidated operating profit last year fell from 325.847 billion won to 100.91 billion won. During the same period, sales were also revised from 56.69 billion won to 337.291 billion won, and net profit was revised from 485.15 billion won to 307.138 billion won.
At the time of the announcement of the results, WeMade decided that Wemix securitization should be recognized as sales after being reviewed by an accounting firm, but in the course of an audit ahead of the announcement of the business report, there was an opinion that securitization sales should be accounted for as player revenue, so the amount of Wemix securitization was excluded. said.
He explained that player revenue is an expense that will be dealt with later, saying that money is received in advance but is not recognized as revenue.
On the other hand, WeMade included the revenue obtained by converting Wemix into its total sales at the time of its fourth quarter earnings announcement.
