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Hyundai Motor Company Annual Report 2004_116
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2004 AND 2003
Companies Related party Receivables Payables Receivables Payables
Hyundai Motor Company Hyundai Mobis 47,101 396,959 $45,125 $380,302
Glovis Co., Ltd. - 51,833 - 49,658
Kia Motors Corporation Hyundai Mobis 12,051 310,850 - 297,806
Amco Corp. 6 81,348 6 77,934
Glovis Co., Ltd. 559 21,376 536 20,479
As of December 31, 2003, significant balances related to the transactions other than the consolidated subsidiaries are as follows:
Korean won
(in millions)
Translation into U. S. dollars (Note 2)
(in thousands)
In 2003, significant transactions with related parties other than the consolidated subsidiaries are as follows:
Companies Related party Sales/ Purchases/ Sales/ Purchases/
revenues expenses revenues expenses
Hyundai Motor Company Hyundai Mobis 133,565 953,080 $127,960 $913,087
Amco Corp. - 127,068 - 121,736
Glovis Co., Ltd. - 210,534 - 201,700
Kia Motors Corporation Hyundai Mobis 46,798 488,651 44,834 468,146
Amco Corp. 43 123,293 41 118,119
Glovis Co., Ltd. 1,812 63,223 1,736 60,570
As of December 31, 2004, significant balances related to the transactions other than the consolidated subsidiaries are as follows:
Korean won
(in millions)
Translation into U. S. dollars (Note 2)
(in thousands)
Companies Related party Receivables Payables Receivables Payables
Hyundai Motor Company Hyundai Mobis 56,098 178,071 $53,744 $170,599
Glovis Co., Ltd. - 40,409 - 38,713
Kia Motors Corporation Hyundai Mobis 33,031 150,626 31,645 144,305
Amco Corp. - 10,092 - 9,669
Glovis Co., Ltd. - 52,047 - 49,863
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 Card Hyundai Capital Service Inc. 24,183 - 23,168 -
Hyundai Powertech Kia Motors Corporation 63,030 46,845 60,385 44,879
ROTEM Dymos Inc. 4,731 - 4,532 -
WIA Corporation Kia Motors Corporation 159,987 83,813 153,274 80,296
Hyundai HYSCO 1,029 - 986 -
Kia Heavy Industries U.S.A.,
Corp. - 16,747 - 16,044
Hyundai HYSCO Kia Motors Corporation 12,781 7,918 12,245 7,586
AIA WIA Corporation 16,301 - 15,617 -
Aju Metal Co., Ltd. Dymos Inc. 1,112 - 1,065 -
WIA Corporation 11,325 - 10,850 -
Hyundai America Kia Motors Corporation
Technical Center Inc. 2,471 3,749 2,367 3,592
World Marketing Group Kia Motors America Inc. and
LLC others 23,619 - 22,628 -
Kia Heavy Industries WIA Corporation
U.S.A., Corp. 14,398 - 13,794 -
Kia Motors America World Marketing Group LLC
Inc. 23,619 - 22,628 -
Subsidiaries Counterpart subsidiaries Subsidiary’s Subsidiary’s Subsidiary’s Subsidiary’s
receivable receivable receivable receivable
2004 2003 2004 2003
Korean won
(in millions)
Translation into
U. S. dollars (Note 2)
(in thousands)
23. RELATED PARTY TRANSACTIONS:
In 2004, significant transactions with related parties other than the consolidated subsidiaries are as follows:
Companies Related party Sales/ Purchases/ Sales/ Purchases/
revenues expenses revenues expenses
Hyundai Motor Company Hyundai Mobis 482,053 1,579,099 $461,825 $1,512,837
Amco Corp. - 195,199 - 187,008
Glovis Co., Ltd. - 311,790 - 298,707
Kia Motors Corporation Hyundai Mobis 44,851 1,492,643 42,969 1,430,009
Amco Corp. 361 151,279 346 144,931
Glovis Co., Ltd. 3,003 145,802 2,877 139,684
Korean won
(in millions)
Translation into U. S. dollars (Note 2)
(in thousands)