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104
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
22. INTER-COMPANY TRANSACTIONS:
Significant transactions in 2005 and 2004 between the Company and consolidated subsidiaries are as follows:
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Company’s Company’s Company’s Company’s Company’s Company’s Company’s Company’s
income expenses income expenses income expenses Income expenses
Hyundai Capital Service Inc. ￦340,174 ￦37,915 ￦123,340 ￦35,737 $335,808 $37,428 $121,757 $35,278
KEFICO Corporation 245 293,907 13 337,208 242 290,135 13 332,881
Hyundai Powertech 27,025 238,863 17,604 179,653 26,678 235,798 17,378 177,347
Dymos Inc. 7,634 507,485 12,766 228,559 7,536 500,972 12,602 225,626
Kia Motors Corporation 654,236 447,228 1,008,767 355,184 645,840 441,489 995,821 350,626
Hyundai HYSCO 2,033 160,856 4,693 209,993 2,007 158,792 4,633 207,298
WIA Corporation 163,099 292,699 1,079 258,192 161,006 288,943 1,065 254,879
Autoever Systems Corp. 5,349 124,265 853 126,043 5,280 122,670 842 124,425
Aju Metal Co., Ltd. 4,640 25,086 2,236 5,890 4,580 24,764 2,207 5,814
ROTEM 185 43,767 - - 183 43,205 - -
Mseat Co., Ltd. - 7,737 - - - 7,638 - -
Hyundai Motor America 5,008,656 - 6,954,356 - 4,944,379 - 6,865,110 -
Hyundai America Technical
Center Inc. - 49,811 - 30,417 49,172 - 30,027
Hyundai Motor India 446,790 13,963 432,282 15,037 441,056 13,784 426,734 14,844
Hyundai Motor Japan Co. 30,708 - 25,898 - 30,314 25,566 -
Hyundai Motor
Manufacturing
Alabama, LLC 88,354 88 51,608 - 87,220 87 50,946 -
Hyundai Motor Poland Sp.
Zo. O 110,950 - 145,667 - 109,526 - 143,798 -
Hyundai Motor Europe GmbH 2,595,567 - 2,276,451 - 2,562,258 - 2,247,237 -
Hyundai Motor Company
Australia 464,399 - 389,220 - 458,439 - 384,225 -
Hyundai-Kia Machine
Europe Gmbh - - 3,673 - - - 3,626 -
Hyundai Assan Otomotive
Sannayi Ve Ticaret A.S. 636,653 - - - 628,483 - - -
Hyundai Motor Europe
Technical Center GmbH - 22,769 - - - 22,477 - -
2005 2004 2005 2004
103
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
21. ELIMINATION OF UNREALIZED PROFITS AND LOSSES:
Unrealized profits and losses resulting from inter-company sales are calculated based on the average gross margin rate of
selling companies and are eliminated in the consolidated financial statements.
Unrealized profits related to sales of inventories and property, plant and equipment as of December 31, 2005 are as follows:
Unrealized profits related to sales of inventories and property, plant and equipment as of December 31, 2004 are as follows:
Inventories Property, Others Inventories Property, Others
plant and plant and
equipment equipment
Upstream sales ￦10,010 ￦-￦-$9,882 $ - $ -
Downstream sales 217,366 92,644 67,113 214,577 91,455 66,252
Sales between consolidated
subsidiaries 391,567 1,686 - 386,542 1,664 -
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Inventories Property, Others Inventories Property, Others
plant and plant and
equipment equipment
Upstream sales ￦11,063 ￦2,381 ￦-$10,921 $2,350 $ -
Downstream sales 432,445 48,890 273,433 426,895 48,263 269,924
Sales between consolidated
subsidiaries 465,351 8,800 - 459,379 8,687 -
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)