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110
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
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 $475,867 $1,558,834
Amco Corp. - 195,199 - 192,694
Glovis Co., Ltd. - 311,790 - 307,789
Beijing-Hyundai Motor
Company 454,403 - 448,572 -
Hyundai Steel Company 2,457 43,681 2,425 43,120
Iljin Bearing Co., Ltd. 6,783 43,426 6,696 42,869
EUKOR Car Carriers Inc. 1,476 569,780 1,457 562,468
Kia Motors Corporation Hyundai Mobis 44,851 1,492,643 44,275 1,473,488
Amco Corp. 361 151,279 356 149,338
Glovis Co., Ltd. 3,003 145,802 2,964 143,931
Donghee Auto Co., Ltd. 11,976 79,522 11,822 78,501
EUKOR Car Carriers Inc. - 421,963 - 416,548
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
23. RELATED PARTY TRANSACTIONS:
In 2005, 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 ￦577,796 ￦2,348,197 $570,381 $2,318,062
Amco Corp. - 347,440 - 342,981
Glovis Co., Ltd. - 337,307 - 332,978
Beijing-Hyundai Motor
Company 688,867 - 680,027 -
Hyundai Steel Company 3,106 41,715 3,066 41,180
Iljin Bearing Co., Ltd. 124 39,214 122 38,711
EUKOR Car Carriers Inc. 1,512 553,446 1,493 546,344
Kia Motors Corporation Hyundai Mobis 46,598 1,914,575 46,000 1,890,005
Amco Corp. 600 173,919 592 171,687
Glovis Co., Ltd. 54,969 176,325 54,264 174,062
Donghee Auto Co., Ltd. 19 85,297 19 84,202
EUKOR Car Carriers Inc. 33 437,366 33 431,753
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
109
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
Hyundai Capital Service
Inc. Hyundai Powertech 7,322 - 7,228 -
Hyundai Card Kia Motors Corporation 14,834 - 14,644 -
Hyundai Capital Service Inc 59,874 24,183 59,106 23,873
Autoever Systems Corp. 10,280 - 10,148 -
Hyundai HYSCO 5,651 - 5,578 -
WIA Corporation 30,579 - 30,187 -
Hyundai Powertech Kia Motors Corporation 58,874 63,030 58,118 62,221
ROTEM Dymos Inc. - 4,731 - 4,670
Kia Motors Corporation 36,735 - 36,264 -
WIA Corporation Kia Motors Corporation 196,883 159,987 194,356 157,934
Hyundai HYSCO 1,502 1,029 1,483 1,016
ROTEM 31,292 - 30,890 -
Hyundai-Kia Machine
America Corp 14,825 - 14,635 -
Hyundai-Kia Machine Europe
Gmbh 22,674 - 22,383 -
Hyundai HYSCO Kia Motors Corporation 10,300 12,781 10,168 12,617
Hyundai Card 12,992 - 12,825 -
Hyundai Motor
Manufacturing Alabama, LLC 11,440 - 11,293 -
AIA Corporation WIA Corporation 20,178 16,301 19,919 16,092
Aju Metal Co., Ltd. Dymos Inc. 1,258 1,112 1,242 1,098
WIA Corporation 14,476 11,325 14,290 11,180
M.Seat Co., Ltd. Dymos Inc. 41,571 - 41,038 -
Hyundai America
Technical Center Inc. Kia Motors Corporation 3,828 2,471 3,779 2,439
World Marketing Group
LLC Kia Motors America Inc. 10,308 23,619 10,176 23,316
Hyundai Motor America 9,962 - 9,834 -
Hyundai-Kia Machine
America Corp WIA Corporation 69 14,398 68 14,213
Kia Motors America
Inc. World Marketing Group LLC - 23,619 - 23,316
Hyundai Motor Europe
GmbH Hyundai Motor (UK) Ltd. 145,121 - 143,259 -
Hyundai Motor Finance
Company Kia Motors Corporation 8,389 - 8,281 -
Hyundai Translead, Inc. Hyundai Motor Finance
Company 10,826 - 10,687 -
Subsidiaries Counterpart subsidiaries Subsidiary’s Subsidiary’s Subsidiary’s Subsidiary’s
receivable receivable receivable receivable
2005 2004 2005 2004
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)