Hyundai 2001 Annual Report Download - page 50

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December 31, 2001 and 2000
Hyundai Motor India
Hyundai Motor America (*)
Hyundai America Technical Center Inc.
Hyundai Machine Tool Europe GmbH
Hyundai Motor Japan Co.
Hyundai Motor Poland Sp.zo.o.
Hyundai Motor Europe Parts
HMJ R&D Center Inc.
Hyundai Translead (formerly Hyundai
Precision America Inc.)
Hyundai Capital Service Inc.
HAOSVT (Turkey)
KEFICO
Korea Drive Train System
Korea Rolling Stock Co.
Korea Space & Aircraft Co., Ltd.
e-HD.com
Kia Motor Corporation
Beijing Hyundai Namyang Real Estate
Development center Ltd.
Hyundai Space & Aircraft Co., Ltd.
Korea Economy Daily
Wuhan Grand Motor Co., Ltd.
Hyundai-Kia-Yueda Motor Company
Iljin Forging Co., Ltd.
Daesung Automotive Co., Ltd.
Hyundai HYSCO
(formerly Hyundai Pipe Co., Ltd.)
Book value Ownership
Percentage
$ 156,251
-
8,210
19,031
8,410
8,357
1,072
1,554
62,695
256,212
16,786
32,021
25,119
75,680
72,706
2,511
816,413
5,543
34,409
16,732
5,830
2,529
3,799
1,806
136,053
$ 1,769,729
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
85.57
50.00
50.00
49.93
39.18
33.33
33.30
30.15
30.00
25.96
22.75
21.43
20.00
20.00
20.00
23.43
Acquisition cost
$ 184,011
97,717
4,491
19,151
8,410
8,357
2,047
1,139
56,539
205,545
36,228
15,769
25,048
85,736
72,694
2,511
675,546
5,543
84,907
10,430
4,149
2,529
623
302
151,397
$ 1,760,819
Book value
"207,205
-
10,887
25,237
11,152
11,082
1,422
2,061
83,140
339,763
22,260
42,463
33,310
100,359
96,416
3,330
1,082,645
7,351
45,630
22,188
7,731
3,354
5,038
2,395
180,419
"
"2,346,838
Acquisition costAffiliated Company
"244,017
129,582
5,956
25,397
11,152
11,082
2,715
1,510
74,977
272,573
48,042
20,911
33,216
113,694
96,400
3,330
895,842
7,351
112,595
13,832
5,502
3,354
826
400
200,768
"
"2,335,024
U.S. dollars (Note 2)
(in thousands)
Korean won
(in millions)
Equity securities accounted for using the equity method as of December 31, 2000 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, 2000 is "150,681 million ($113,627
thousand). In 2000, investments, excluding those in Kia Motor Corporation, Hyundai HYSCO (formerly Hyundai Pipe Co.,
Ltd.), Hyundai Capital Service Inc. and KEFICO, are valued based on the latest financial statements since investees did not
prepare financial statements as of December 31, 2000.
N
OTES TO
N
ON
-C
ONSOLIDATED
F
INANCIAL
S
TATEMENTS
52
2001 Annual Report Hyundai Motor Company