Hyundai 2001 Annual Report Download - page 53

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December 31, 2001 and 2000
Unlisted investment equity securities as of December 31, 2000 consist of the following:
(*) In conformity with Financial Accounting Standards in the Republic of Korea, the equity securities of these affiliates were
excluded from using the equity method since the Company believes the changes in the investment value due to the changes in
the net assets of the investee, whose individual beginning balance of total assets or paid-in capital at the date of its
establishment is less than "7,000 million, are not material.
Unlisted investment equity securities are stated at cost, except where an investee’s net equity value has declined and is not
expected to recover. Total net equity value of unlisted investment equity securities as at December 31, 2001 and 2000,
amounts to "163,238 million ($123,096 thousand) and "364,833 million ($275,117 thousand), respectively, based on the
investees’ latest financial statements.
In 2000, the Company disposed of its investments in Aluminum of Korea Co., Ltd. (13,098,726 shares), Hyundai Technology
Investment Co., Ltd. (2,000 shares), Hyundai Unicorns Co., Ltd. (36,120 shares), Hyundai Research Institute (702,000 shares),
Hyundai Petro-Chemical Co., Ltd. (350,000 shares), Hyundai Corporation (2,210,000 shares) and Korea Industrial
Development Co., Ltd. (18,951,079 shares) and in debt securities of Hyundai Petro-Chemical Co., Ltd. and Korea Industrial
Development Co., Ltd. for "63,044 million ($47,541 thousand) and recognized an extraordinary loss on disposal of "166,215
million ($125,341 thousand), net of extraordinary gain of "3,571 million ($2,693 thousand).
5. Insurance
As of December 31, 2001, property, plant and equipment are insured for "4,696,754 million ($3,541,780 thousand) with
Hyundai Fire & Marine Insurance Co. In addition, the Company carries products and completed operations liability insurance
with a maximum coverage of $70,000 thousand, general insurance for vehicles and workers' compensation and casualty
insurance for employees.
Hyundai Motor Europe GmbH (*)
Hyundai Motor Shanghai Co., Ltd. (*)
Hyundai Jingxian Motor Safeguard Service Co., Ltd. (*)
Cheju Dynasty Co., Ltd.(*)
NGVTEK.com(*)
Auto-ever.com(*)
Jinil MVC Co., Ltd.
Industry Otomotif Komersial
Hyundai Petro-Chemical Co., Ltd.
Hyundai Technology Investment Co., Ltd.
Hyundai Unicorns Co., Ltd.
Hyundai Research Institute
Kihyup Finance
Hyundai Motor Deutschland GmbH
Yonhap Capital Co., Ltd.
Ulsan Environmental Development
Internet Hankyoreh Inc.
Hyundai Oil refinery Co., ltd.
Hyundai Asan Corporation
U.S Electrical Inc.
Alcan Taihan Aluminum Ltd.
Other
Ownership
Percentage
100.00
100.00
84.88
50.00
43.90
25.00
18.00
15.00
14.99
14.97
14.90
14.90
10.34
10.00
9.99
7.50
7.41
6.33
5.00
3.80
0.14
Book value
$ 4,215
559
1,523
2,375
339
943
136
3,347
66,483
3,386
4,370
958
2,262
557
7,541
1,131
3,620
58,921
16,967
1,662
10,274
3,766
$ 195,335
Book value
"5,590
741
2,019
3,150
450
1,250
180
4,439
88,163
4,490
5,795
1,271
3,000
738
10,000
1,500
4,800
78,135
22,500
2,204
13,625
4,994
"
"259,034
Acquisition costAffiliated Company
"5,590
741
2,019
3,150
450
1,250
180
4,439
88,163
4,490
5,795
1,271
3,000
738
10,000
1,500
4,800
78,135
22,500
2,204
13,625
4,994
"
"259,034
U.S. dollars
(Note 2)
(in thousands)
Korean won
(in millions)
N
OTES TO
N
ON
-C
ONSOLIDATED
F
INANCIAL
S
TATEMENTS
55
2001 Annual ReportHyundai Motor Company