Hyundai 2001 Annual Report Download - page 58

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December 31, 2001 and 2000
The preferred shares are non-cumulative, non-participating and non-voting. Of the total preferred stock issued of 65,202,146
shares as at December 31, 2001, a total of 27,588,281 preferred shares are eligible to receive cash dividends, if declared,
equal to that declared for common shares plus an additional 1 percent minimum increase while the dividend rate for the
remaining 37,613,865 preferred shares is 2 percent higher than that declared for common shares.
The Company acquired treasury stock after cancellation of Trust Cash Funds as of March 2, 2001 and then, in accordance with
the decision of the Board of Directors, retired 10,000,000 common shares in treasury and 1,000,000 preferred shares in
treasury which had additional dividends rate of 1 percent to the rate of common stock on March 5, 2001, using retained
earnings.
In September 2000, the Company issued 20,618,000 common shares with a total proceeds of "430,916 million (US$324,950
thousand) (at a per share price of "20,900), which included paid-in capital in excess of par value of "327,222 million
($246,755 thousand) after the deduction of new stock issuance cost of "15,378 million (US$11,596 thousand), to
DaimlerChrysler Aktiengesellschaft (DCAG)..
The Company issued 10,000,000 Global Depositary Receipts (GDRs) representing 5,000,000 shares of preferred stock in
November 1992, 4,675,324 GDRs representing 2,337,662 shares of preferred stock in June 1995 and 7,812,500 GDRs
representing 3,906,250 shares of preferred stock in June 1996, all of which have been listed on the Luxembourg Stock
Exchange.
In the second half of 1999, the Company issued 45,788,000 Global Depositary Shares representing 22,894,000 common
shares for "601,356 million ($453,477 thousand) which include paid-in capital in excess of par value of "486,886 million
($367,156 thousand).
14. Capital Surplus
Capital surplus as of December 31, 2001 and 2000 consists of the following:
Paid-in capital in excess of par value
Asset revaluation surplus
Other
2001
$ 2,455,498
1,397,233
201,318
$ 4,054,049
2000
$ 2,455,498
1,397,233
189,720
$ 4,042,451
2000
"3,256,236
1,852,871
251,587
"
"5,360,694
2001
"3,256,236
1,852,871
266,967
"
"5,376,074
U.S. dollars (Note 2) (in thousands)Korean won (in millions)
N
OTES TO
N
ON
-C
ONSOLIDATED
F
INANCIAL
S
TATEMENTS
60
2001 Annual Report Hyundai Motor Company