Hyundai 2005 Annual Report Download - page 31

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60
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (CONTINUED) AS OF DECEMBER 31, 2005 AND 2004
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
LIABILITIES AND SHAREHOLDERS’ EQUITY 2005 2004 2005 2004
Shareholders’ equity:
Capital stock (Note 15) ￦1,482,905 ￦1,480,752 $1,463,875 $1,461,749
Capital surplus 5,591,882 5,162,184 5,520,120 5,095,937
Retained earnings
(Net income of ￦2,323,816 million in 2005
and ￦1,641,941 million in 2004) 8,813,754 6,328,355 8,700,646 6,247,142
Capital adjustments (Note 16) (966,118) (216,453) (953,720) (213,675)
Minority interests 4,717,986 4,000,714 4,657,439 3,949,372
Total shareholders’ equity 19,640,409 16,755,552 19,388,360 16,540,525
Total liabilities and shareholders’ equity ￦65,891,346 ￦58,023,131 $65,045,751 $57,278,510
See accompanying notes to consolidated financial statements.
59 Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
LIABILITIES AND SHAREHOLDERS’ EQUITY 2005 2004 2005 2004
Current liabilities:
Short-term borrowings (Note 13) ￦11,855,332 ￦10,571,772 $11,073,191 $10,436,103
Current maturities of long-term debt, net of
unamortized discount of ￦2,009 million in
2005 and ￦3,002 million in 2004 (Note 14) 3,470,787 3,998,768 3,426,246 3,947,451
Trade notes and accounts payable 6,336,976 6,374,259 6,255,653 6,292,457
Accrued warranties and product liabilities 1,564,570 1,395,228 1,544,492 1,377,323
Accounts payable-other 4,087,859 2,318,211 4,035,399 2,288,461
Accrued expenses 1,309,111 726,357 1,292,311 717,036
Income tax payable 141,868 596,285 140,047 588,633
Other current liabilities 1,274,774 740,777 1,258,415 731,270
Total current liabilities 30,041,277 26,721,657 29,655,754 26,378,734
Long-term liabilities:
Long-term debt, net of current maturities
(Note 14) 10,576,104 7,683,741 10,440,378 7,585,134
Accrued severance benefits, net of National
Pension payments for employees of ￦67,300
million in 2005 and ￦80,850 million in
2004, and individual severance insurance
deposits of ￦1,893,603 million in 2005 and
￦1,711,181 million in 2004 (Note 2) 1,054,688 1,005,201 1,041,153 992,301
Accrued loss on valuation of derivatives (Note 2) 206,448 24,693 203,799 24,376
Accrued warranties and product liabilities 2,983,849 3,594,569 2,945,557 3,548,439
Deferred income tax liabilities (Note 19) 173,677 1,067,351 171,448 1,053,654
Other long-term liabilities 928,565 1,061,524 916,648 1,047,901
Total long-term liabilities 15,923,331 14,437,079 15,718,983 14,251,805
Other financial business liabilities (Note 12) 286,329 108,843 282,654 107,446
Total liabilities ￦46,250,937 ￦41,267,579 $45,657,391 $40,737,985
Commitments and contingencies (Note 24)
(continued)
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (CONTINUED) AS OF DECEMBER 31, 2005 AND 2004