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90
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
(2) The changes in investment securities accounted for using the equity method in 2005 are as follows:
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Kia Tigers Co., Ltd. ￦6,024 ￦(4,167) ￦-￦1,857 $1,833
HMJ R&D 2,244 34 (392) 1,886 1,862
Yan Ji Kia Motors A/S 1,792 - - 1,792 1,769
Hysco Slovakia S.R.O - (699) 5,084 4,385 4,329
Hyundai Information System
North America - 150 5,371 5,521 5,450
Beijing-Hyundai Motor Company 292,896 88,899 (7,884) 373,911 369,113
HAOSVT (Turkey) 24,765 27,444 (52,209) - -
Donghui Auto Co., Ltd. 7,695 542 - 8,237 8,131
Korea Space & Aircraft Co., Ltd. 81,827 329 7,392 89,548 88,399
Global Engine Alliance, LLC - - 1,484 1,484 1,465
Global Engine Manufacturing, LLC - - 101 101 100
PT. Kia Timor Motors 10,337 - (10,337) - -
Korea Economy Daily 14,247 113 10,735 25,095 24,773
TRW Steering Co., Ltd. 7,598 (325) - 7,273 7,180
Hyundai Steel Company - 277,599 84,619 362,218 357,570
NGVTEK.com 250 - 571 821 810
Hyundai MOBIS 546,923 102,143 (84,871) 564,195 556,955
EUKOR Car Carriers, Inc. 80,810 21,979 (3,757) 99,032 97,761
Iljin Bearing Co., Ltd. 13,102 721 160 13,983 13,804
Daesung Automotive Co., Ltd. 6,094 465 (446) 6,113 6,035
Amco Corp. - 16,417 10,023 26,440 26,101
Eukor Car Carriers Singapore Pte. 13 - - 13 13
Kia Motors Australia. Pty 825 - - 825 814
Wia Automotive Parts Co., Ltd. 6,975 - (6,975) - -
Beijing Lear Dymos Automotive
Seating and Interior Co., Ltd. 572 16 2,185 2,773 2,737
Hyundai Motor Deutschland GmbH 12,588 7,113 (2,289) 17,412 17,189
Hyundai Motor Group China, Ltd. 1,508 - (1,508) - -
Hyundai Electronics
(Tianjin) Co., Ltd. - - 3,724 3,724 3,676
Tianjin Hyundai Hangsheng
Electronics Co., Ltd. - - 712 712 703
Hyundai Hi-Tech Electronics
(Tianjin) Co., Ltd. - - 186 186 184
Hyundai Autonet Pontus America - - 450 450 444
Pontus Map Co., Ltd. ￦-￦-￦180 ￦180 ￦178
￦1,119,085 ￦538,773 ￦(37,691) ￦1,620,167 $1,599,375
(*) Other changes consist of the increase of acquisition cost mainly due to the acquisition and participation in investees’
additional paid-in capital, decrease disposal of investments, decrease due to receipt of the dividends and other change of
shareholders’ equity due to change of subsidiaries’ shareholders’ equity.
Affiliated Company Beginning Gain (loss) Other changes (*) End of year End of year
of year on valuation
89
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
Description Ownership Historical cost 2005 2004 2005 2004
percentage (*2)
Kia Tigers Co., Ltd. (*1) 100.00 ￦20,300 ￦1,857 ￦6,024 $1,833 $5,947
HMJ R&D (*1) 100.00 1,510 1,886 2,244 1,862 2,215
Yan Ji Kia Motors A/S (*1) 100.00 1,792 1,792 1,792 1,769 1,769
Kia Motors Australia Pty Ltd. (*1) 100.00 825 825 825 814 814
Hysco Slovakia S.R.O (*1) 100.00 5,196 4,385 - 4,329 -
Hyundai Information System
North America, LLC (*1) 100.00 5,332 5,521 - 5,450 -
Hyundai Electronics (Tianjin)
Co., Ltd. (*1) 100.00 3,972 3,724 - 3,676 -
Hyundai Hi-Tech Electronics
(Tianjin) Co., Ltd. (*1) 100.00 4,149 186 - 184 -
Hyundai Autonet Pontus
America (*1) 100.00 450 450 - 444 -
Pontus Map Co., Ltd. (*1) 90.00 180 180 - 178 -
NGVTEK.com (*1) 78.05 821 821 250 810 247
Beijing-Hyundai Motor Company 50.00 201,179 373,911 292,896 369,113 289,137
Tianjin Hyundai Hangsheng
Electronics Co., Ltd 50.00 712 712 - 703 -
Beijing Lear Dymos Automotive
Seating and Interior Co., Ltd. 40.00 2,662 2,773 572 2,737 565
Donghui Auto Co., Ltd. 35.10 10,530 8,237 7,695 8,131 7,596
Korea Space & Aircraft Co., Ltd. 33.33 129,800 89,548 81,827 88,399 80,777
Global Engine Alliance, LLC 33.33 1,484 1,484 - 1,465 -
Global Engine Manufacturing, LLC 33.33 101 101 - 100 -
PT. Kia Timor Motors 30.00 10,908 - 10,337 - 10,204
Hyundai Motor Deutschland GmbH 30.00 6,761 17,412 12,588 17,189 12,426
TRW Steering Co., Ltd. 29.00 8,952 7,273 7,598 7,180 7,500
Hyundai Steel Company 27.80 317,911 362,218 - 357,570 -
Korea Economy Daily 20.55 29,973 25,095 14,247 24,773 14,064
Hyundai MOBIS 20.40 244,753 564,195 546,923 556,955 539,904
EUKOR Car Carriers, Inc. 20.00 48,912 99,032 80,809 97,761 79,772
Eukor Car Carriers Singapore Pte. 20.00 13 13 13 13 13
Iljin Bearing Co., Ltd 20.00 826 13,983 13,102 13,804 12,934
Daesung Automotive Co., Ltd. 20.00 400 6,113 6,094 6,035 6,016
Amco Corp. 19.99 10,067 26,440 - 26,101 -
Hyundai Assan Otomotive Sanayi
Ve Ticaret A.S. (HAOSVT) - - 24,765 - 24,447
Hyundai Motor Group China, Ltd. - - 1,508 - 1,489
Wia Automotive Parts Co., Ltd. - - 6,975 - 6,886
￦1,070,471 ￦1,620,167 ￦1,119,085 $1,599,375 $1,104,724
(*1) These companies are excluded in the consolidation since individual beginning balance of total assets is less than ￦7,000
million (US$6,910 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, 2005 and 2004 consist of the following:
Korean Won Translation into
(In millions) U.S. Dollars (Note 2)
(In thousands)
2005
Book value