18 Comprehensive Income
Comprehensive income for the nine-month periods ended September 30, 2009 and 2008 are as follows:
Net income
Change in equity arising from application of equity method, net of tax effect of (Won)5,690 million in 2009 and (Won)(55,969) million in 2008
Change in fair value of available-for-sale securities, net of tax effect of (Won)7,680 million in 2009 and (Won)(7,744) million in 2008
Gain on valuation of cash flow hedges, net of tax effect of nil in 2009 and (Won)568 million in 2008
Loss on valuation of cash flow hedges, net of tax effect of (Won)(2,128) million in 2009 and (Won)20,012 million in 2008
Comprehensive income