Hyundai 2005 Annual Report Download - page 44

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86
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
Hyundai Motor Hungary (*1) ￦721 ￦721 $712 100.00
Hyundai Motor Norway AS (*1) ￦2,123 ￦2,123 $2,096 100.00
Hyundai Jingxian Motor Safeguard
Service Co., Ltd. (*1) 4,907 4,907 4,844 91.75
NGVTEK.com (*1) 571 571 564 53.66
Hyundai-Motor Group China Ltd. (*1) 2,534 2,534 2,501 50.00
Seoul Metro 9th line (*2) 2,153 2,153 2,125 29.40
Michigan Global Culture Investment (*1) 1,000 1,000 987 20.00
Amco Corp. 1,024 1,024 1,011 19.99
Heesung PM Tech Corporation 1,194 1,194 1,179 19.90
Dongyong Industries Co., Ltd. 241 241 238 19.23
Hyundai RB Co., Ltd. 550 550 543 18.64
Jinil MVC Co., Ltd. 180 180 178 18.00
Mobil.Com Co., Ltd. 1,800 1,800 1,777 17.39
Clean Air Technology Inc. 500 500 494 16.13
Industri Otomotif Komersial 4,439 4,439 4,382 15.00
Hyundai Technology Investment Co., Ltd. 4,490 4,490 4,432 14.97
Hyundai Unicorns Co., Ltd. 5,795 137 135 14.90
Hyundai Research Institute 1,359 1,271 1,255 14.90
Mando Map & Soft Co., Ltd. 778 778 768 14.00
Gyeongnam Credit Guarantee Foundation 2,500 2,500 2,468 13.66
Kihyup Finance, Inc. 3,700 3,700 3,653 12.75
Micro Infinity 607 607 599 10.50
Yonhap Capital Co., Ltd. 10,500 10,500 10,365 10.49
3Gcore, Inc. 225 225 222 10.43
Toba Telecom 405 - - 10.02
Wisco Co., Ltd. 349 349 345 9.68
Hyundai Finance Corporation 9,888 9,888 9,761 9.29
Daejoo Heavy Industry Co. Ltd. 650 650 642 9.29
Namyang Industrial Co., Ltd. 200 200 197 8.00
Hankyoreh Plus Inc. 4,800 284 280 7.41
Hyundai Oil Refinery Co., Ltd. 88,857 88,857 87,717 7.24
Korea Credit-card Electronic-settlement
Service Co., Ltd. 484 254 251 6.72
Korea Smart Card Co., Ltd. 1,628 1,628 1,607 5.00
Hyundai Asan Corporation 22,500 5,405 5,336 4.61
ENOVA System
(Formerly U.S. Electrical Inc.) 2,204 2,204 2,176 3.80
Space Imaging LLC 5,319 432 426 2.16
Dongwon Capital Co., Ltd. 3,000 3,000 2,962 1.77
KIS Information & Communication, Inc. 220 220 217 1.67
ROTIS Inc. 1,000 8 8 1.33
Koryo Co., Ltd. 6,625 728 719 1.02
Korea Software Financial Cooperative 500 500 494 0.60
Cheju International Convention Center 500 500 494 0.59
Companies Acquisition Book value Book value Ownership
cost percentage (*3)
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands) (%)
Equity securities stated at acquisition cost included in long-term investment securities as of December 31, 2004 consist of the
following:
85
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
Hyundai Digitech Co., Ltd. 150 150 148 5.18
ENOVA System
(Formerly U.S. Electrical Inc.) 4,075 2,461 2,429 4.67
Hyundai Asan Corporation 22,500 5,405 5,336 4.61
The Korea Economy Daily Co., Ltd. 4,168 4,168 4,115 4.35
Space Imaging LLC 5,319 432 426 4.32
Korea Credit Bureau Co., Ltd. 3,000 3,000 2,962 6.26
NtoB Co., Ltd. 300 300 296 1.88
ROTIS Inc. 1,000 8 8 1.33
Koryo Co., Ltd. 6,625 728 719 1.02
Hyundai Astec Co., Ltd. 44 44 43 0.99
Onse Telecom Co., Ltd. 83 83 82 0.46
Korea Investment Mutual Savings &
Finance Co., Ltd. (Formerly :Dongwon
Capital Co., Ltd.) 3,000 3,000 2,962 0.41
International Convention Center Jeju
Co., Ltd. 500 500 494 0.31
HI Network Co., Ltd. (Preferred Stock) 17 17 17 0.20
The Kyongnam Shinman Co., Ltd. 20 3 3 0.08
Hyundai Merchant Marine Co., Ltd. 407 680 671 0.05
Novelis Korea Co., Ltd. 502 502 496 0.03
GM Daewoo auto and technology Co., Ltd. 2,187 - - 0.02
Daewoo Electronics Co., Ltd. 8 8 8 0.01
Korea Data Systems Co., Ltd.
(Preferred Stock) 3 3 3 0.01
Tata Daewoo Commercial Vehicle
Co., Ltd. 40 2 2 -
Pilot beneficiary certificates 10,786 22,361 22,074 -
Daewoo Motor Co., Ltd. 25 - - -
Other 31,360 18,838 18,592 -
￦655,719 ￦249,204 $246,006
(*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$6,910 thousand), are not material.
(*2) This investment security was excluded from using the equity method despite its ownership percentage exceeding twenty
percentages, since there is no significant influence on the investee.
(*3) Ownership percentage is calculated by combining the ownership of the Company and its subsidiaries.
Companies Acquisition Book value Book value Ownership
cost percentage (*3)
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands) (%)