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Hyundai Motor Company Annual Report 2004_94
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2004 AND 2003
Description Ownership Historical cost 2004 2003 2004 2003
percentage (*2)
Kia Tigers Co., Ltd. (*1) 100.00 20,300 6,024 10,090 $5,771 $9,667
HMJ R&D (*1) 100.00 1,510 2,245 2,391 2,151 2,291
Yan Ji Kia Motors A/S (*1) 100.00 1,792 1,792 1,792 1,717 1,717
Kia Motors Australia Pty Ltd.(*1)
100.00 825 825 - 790 -
Wia Automotive Parts Co., Ltd.(*1)
100.00 6,975 6,975 - 6,682 -
Beijing-Hyundai Motor Company
50.00 133,691 292,896 281,997 280,606 270,164
Hyundai Assan Otomotive Sanayi
Ve Ticaret A.S. (HAOSVT) 50.00 48,013 24,765 25,859 23,726 24,774
Beijing Lear Dymos Automotive
Seating and Interior Co., Ltd. 50.00 571 571 - 547 -
Donghui Auto Co., Ltd. 35.10 10,530 7,695 5,608 7,372 5,373
Korea Space & Aircraft Co., Ltd. 33.33 129,800 81,827 79,312 78,394 75,984
PT. Kia Timor Motors 30.00 10,908 10,337 12,865 9,903 12,325
Hyundai Motor Deutschland GmbH
30.00 6,761 12,589 - 12,061 -
Hyundai Motor Group China, Ltd. 30.00 1,508 1,508 - 1,445 -
Korea Economy Daily 29.57 19,973 14,247 14,129 13,649 13,536
TRW Steering Co., Ltd. 29.00 8,952 7,598 8,254 7,279 7,908
NGVTEK.com 24.39 250 250 250 240 240
Hyundai MOBIS 20.45 118,993 546,923 310,060 523,973 297,049
EUKOR Car Carriers, Inc. 20.00 48,912 80,809 53,323 77,418 51,085
Iljin Bearing Co., Ltd. (formerly
Iljin Automotive Co., Ltd.) 20.00 826 13,102 12,794 12,552 12,257
Daesung Automotive Co., Ltd. 20.00 400 6,094 5,619 5,838 5,383
Kia Service Philippines Co. 20.00 185 - 185 - 177
Eukor Car Carriers
Singapore Pte. 20.00 13 13 13 12 12
Hysco America Co., Ltd. - - - 5,690 - 5,451
571,688 1,119,085 830,231 $1,072,126 $795,393
(*1) These companies are excluded in the consolidation since individual beginning balance of total assets is less than 7,000 million
(US$6,706 thousand).
(*2) Ownership percentage is calculated by combining the ownership of the Company and its subsidiaries.
6. INVESTMENT SECURITIES ACCOUNTED FOR USING THE EQUITY METHOD:
(1)Investment securities accounted for using the equity method as of December 31, 2004 and 2003 consist of the following:
Korean won Translation into
(in millions) U.S. dollars (Note 2)
(in thousands)
2004
Book value
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2004 AND 2003
(5) Debt securities included in held-to-maturity of long-term investment securities as of December 31, 2004 consist of the following:
Description Acquisition Book value Book value
cost
Government bonds 12,612 12,612 $12,083
Corporate bonds 689 689 660
13,301 13,301 $12,743
Korean won
(in millions)
Translation into
U.S. dollars (Note 2)
(in thousands)
Debt securities included in held-to-maturity of long-term investment securities as of December 31, 2003 consist of the following:
(6) Maturity of debt securities as of December 31, 2004 and 2003 consist of the following:
Description Acquisition Book value Book value
cost
Government bonds 21,015 21,015 $20,133
Corporate bonds 789 789 756
Other 64,700 59,466 56,971
86,504 81,270 $77,860
Korean won
(in millions)
Translation into
U.S. dollars (Note 2)
(in thousands)
2004 2003 2004 2003
Maturity Book value Book value Book value Book value
1 year ~ 5 years 1,760,504 1,648,494 $1,686,630 $1,579,320
6 years ~ 10 years 372,337 136,829 356,713 131,087
Over 10 years 500 - 479 -
2,133,341 1,785,323 $2,043,822 $1,710,407
Korean won
(in millions)
Translation into
U. S. dollars (Note 2)
(in thousands)