Hyundai 2004 Annual Report Download - page 47

Hyundai Motor Company Annual Report 2004_92
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2004 AND 2003
(4) Debt securities, classified into available-for-sale securities, included in long-term investment securities as of December 31,
2004 consist of the following:
Description Acquisition Book value Book value
cost
Government bonds 6,046 6,501 $6,228
Corporate bonds 6,085 6,085 5,830
Asset backed securities 2,302,323 2,107,097 2,018,679
Other 1,153 357 342
2,315,607 2,120,040 $2,031,079
Korean won
(in millions)
Translation into
U.S. dollars (Note 2)
(in thousands)
Debt securities, classified into available-for-sale securities, included in long-term investment securities as of December 31, 2003
consist of the following:
Description Acquisition Book value Book value
cost
Government bonds 6,683 6,683 $6,402
Corporate bonds 8,584 6,204 5,944
Asset backed securities 1,735,478 1,690,816 1,619,866
Other 1,153 350 335
1,751,898 1,704,053 $1,632,547
Korean won
(in millions)
Translation into
U.S. dollars (Note 2)
(in thousands)
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2004 AND 2003
Hyundai Unicorns Co., Ltd. 5,795 137 131 14.90
Hyundai Research Institute 1,359 1,271 1,218 14.90
Gyeongnam Credit Guarantee Foundation 2,500 2,500 2,395 13.66
Kihyup Finance, Inc. 3,700 3,700 3,545 12.75
3Gcore, Inc. 225 225 216 10.43
Hyundai Motor Deutschland GmbH 863 863 827 10.00
Wisco Co., Ltd. 348 280 268 9.68
Hyundai Finance Corporation 9,888 9,888 9,473 9.29
Namyang Industrial Co., Ltd. 200 200 192 8.00
KOENTECH 1,550 1,550 1,485 7.50
Hankyoreh Plus Inc. 4,800 284 272 7.41
Hyundai Oil refinery Co., Ltd. 88,857 88,857 85,128 7.24
Korea Credit-card Electronic-settlement
Service Co., Ltd. 484 255 244 6.72
Hyundai Asan Corporation 22,500 8,861 8,489 5.00
Dongwon Capital Co., Ltd. 3,000 3,000 2,874 4.62
U.S. Electrical Inc. 2,204 2,204 2,112 3.80
ROTIS 1,000 - - 3.76
KIS Information & Communication, Inc. 220 220 211 1.67
Yonhap Capital Co., Ltd. 10,500 10,500 10,059 1.49
Koryo Co., Ltd. 6,625 727 697 1.02
Korea Software Financial Cooperative 500 500 479 0.60
Cheju International Convention Center 500 500 479 0.59
Daewoo Motor Co., Ltd. 2,213 - - 0.02
Machinery Insurance Cooperative 8,188 8,188 7,844 -
Space Imaging LLC 5,319 5,319 5,096 -
Korea Defense Industry Association 4,690 4,690 4,493 -
Daejoo Heavy Industry Co. Ltd. 650 650 623 -
Hyundai RB Co. 550 550 527 -
Yonhi Information & Communication
Co., Ltd. 500 - - -
Toba Telecom 405 - - -
Other 5,332 2,634 2,523 -
210,155 173,243 $165,973
(*1) 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 (US$6,706 thousand), are not material.
(*2) Ownership percentage is calculated by combining the ownership of the Company and its subsidiaries.
In 2003, impairment loss between the acquisition cost and the estimated recoverable amount of Hyundai Unicorns Co., Ltd.,
Hankyoreh Plus Inc. (formerly Internet Hankyoreh Inc.), ROTIS Inc. and others are recognized in current operations.
Companies Acquisition Book value Book value Ownership
cost percentage (*2)
Korean won
(in millions)
Translation into
U.S. dollars (Note 2)
(in thousands)
(%)