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51
2001 Annual ReportHyundai Motor Company
December 31, 2001 and 2000
Equity securities accounted for using the equity method as of December 31, 2001 consist of the following:
(*) Use of the equity method was discontinued since the value of investments is less than zero due to an accumulated deficit.
The difference between the acquisition cost and the Company’s portion of an investee’s net equity at the date the Company
was considered to be able to exercise significant influence over the operating and financial policy of an investee is amortized
(or reversed) over 20 years, using the straight-line method. Significant unrealized profit (loss) that occurred in transactions with
investees are eliminated. The unamortized balance of goodwill as of December 31, 2001 is "252,597 million ($190,481
thousand).
Hyundai Motor India
Hyundai Motor America
Hyundai Translead (formerly Hyundai
Precision America Inc.)
Hyundai Machine Tool Europe GmbH
Hyundai Motor Poland Sp.zo.o.
Hyundai Motor Japan Co.(*)
Hyundai America Technical Center Inc.
HMJ R&D Center Inc.
Hyundai Capital Service Inc.
ROTEM (formerly Korea Rolling
Stock Co.)
HAOSVT (Turkey)(*)
Daimler Hyundai Truck Co., Ltd.
Hyundai Powertech
KEFICO
Cheju Dynasty Co., Ltd
Korea Drive Train System
e-HD.com
WIA
Kia Motor Corporation
Korea Space & Aircraft Co., Ltd.
Korea Economy Daily
Hyundai HYSCO (formerly Hyundai
Pipe Co., Ltd.)
Wuhan Grand Motor Co., Ltd.
First CRV
Hyundai-Kia-Yueda Motor Company
Iljin Forging Co., Ltd.
Daesung Automotive Co., Ltd.
Book value Ownership
Percentage
$ 238,375
100,741
46,346
12,374
14,938
-
9,221
1,489
300,425
182,140
-
37,719
25,936
39,216
4,905
28,166
2,078
403
1,011,584
55,469
13,087
137,603
6,376
52,971
171
8,408
3,610
$ 2,333,751
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
85.57
78.36
63.29
50.00
50.00
50.00
50.00
49.93
49.30
45.30
36.33
33.33
29.57
23.43
21.43
20.00
20.00
20.00
20.00
Acquisition cost
$ 184,011
97,717
56,539
19,152
18,203
8,410
4,491
1,139
205,545
203,773
45,830
37,704
30,164
15,769
8,031
36,343
3,959
262
696,748
97,881
15,061
151,397
4,149
51,145
2,529
623
302
$ 1,996,877
Book value
"316,109
133,593
61,460
16,409
19,809
-
12,228
1,975
398,394
241,536
-
50,019
34,393
52,004
6,504
37,351
2,756
534
1,341,462
73,557
17,355
182,475
8,455
70,245
227
11,150
4,787
"
"3,094,787
Acquisition costAffiliated Company
"244,017
129,582
74,977
25,397
24,139
11,152
5,956
1,510
272,573
270,223
60,775
50,000
40,000
20,911
10,650
48,194
5,250
347
923,957
129,800
19,973
200,768
5,502
67,824
3,354
826
400
"
"2,648,057
U.S. dollars (Note 2)
(in thousands)
Korean won
(in millions)
N
OTES TO
N
ON
-C
ONSOLIDATED
F
INANCIAL
S
TATEMENTS