Hyundai 2001 Annual Report Download - page 51

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December 31, 2001 and 2000
Jin Heung Mutual Savings & Finance Co., Ltd.
Comet Savings & Finance Co., Ltd.
Korea Industrial Development Co., Ltd.
Hyundai Heavy Industries Co., Ltd.
Hyundai Corporation
Hyundai Information Technology Co., Ltd.
LG Telecom
Hyundai Merchant Marine Co., Ltd.
Cho Hung Bank
DongYang Investment Bank
Treasury Stock Funds
Stock Market Stabilization Fund
Other
Ownership
Percentage
9.01
9.00
8.18
2.99
2.99
2.21
0.69
0.55
0.48
0.23
Book value
$ 664
1,288
2,976
43,308
2,638
2,710
11,682
1,056
8,215
34
7,455
14,896
73
$ 96,995
Book value
"880
1,709
3,946
57,431
3,498
3,594
15,491
1,400
10,894
45
9,886
19,754
97
"
"128,625
Acquisition costAffiliated Company
"2,000
2,700
3,946
59,004
13,626
10,000
9,795
7,329
25,000
283
22,020
17,663
190
"
"173,556
U.S. dollars
(Note 2)
(in thousands)
Korean won
(in millions)
Jin Heung Mutual Savings & Finance Co., Ltd.
Comet Savings & Finance Co., Ltd.
Inchon Iron & Steel Co., Ltd.
Hyundai Corporation
Hyundai Information Technology Co., Ltd.
Hyundai Merchant Marine Co., Ltd.
Cho Hung Bank
Hyundai Heavy Industries Co., Ltd.
Treasury Stock Funds
Stock Market Stabilization Fund
Other
Ownership
Percentage
9.01
9.00
4.70
2.99
2.21
0.55
0.48
0.36
Book value
$ 374
753
17,222
1,363
1,951
1,293
3,313
3,831
10,645
10,435
90
$ 51,270
Book value
"496
999
22,838
1,807
2,587
1,714
4,394
5,080
14,116
13,838
120
"
"67,989
Acquisition costAffiliated Company
"2,000
2,700
60,425
13,626
10,000
7,329
25,000
4,966
37,793
22,182
1,423
"
"187,444
U.S. dollars
(Note 2)
(in thousands)
Korean won
(in millions)
Marketable investment equity securities as of December 31, 2001 consist of the following:
In 2001, the Company’s debt securities of "51,401 million issued by Korea Industrial Development Co., Ltd. were changed to
common stocks and long-term loans in accordance with its reorganization plan approved by the court. In conformity with
Financial Accounting Standards in Republic of Korea, the acquisition cost of such common stocks was stated at fair value of
"3,946 million ($2,976 thousand) as at December 29, 2001, the effective date of change. Long-term loans of "12,300
million ($9,275 thousand) are scheduled to be repaid equally over five years from 2007 with grace period of five years and are
stated at present value with discount of "4,956 million as of December 31, 2001, using an interest rate of 9.29%. The
difference of "40,111 million ($30,247 thousand) between original and newly-changed book values are recorded in current
operations as other expense.
Marketable investment equity securities as of December 31, 2000 consist of the following:
N
OTES TO
N
ON
-C
ONSOLIDATED
F
INANCIAL
S
TATEMENTS
53
2001 Annual ReportHyundai Motor Company