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112
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
24. COMMITMENTS AND CONTINGENCIES:
(1) The Company and its consolidated subsidiaries are contingently liable for guarantees of indebtedness of related parties
including subsidiaries as of December 31, 2005 as follows:
Company providing Beneficiary Companies Korean Won Translation into
guarantee of indebtedness (In millions) U.S. Dollars (Note 2)
(In thousands)
Hyundai Motor Company Hyundai Merchant Marine ￦252,542 $249,301
Hyundai Motor America 14,499 14,313
Hyundai Motor Manufacturing
Alabama LLC 683,775 675,000
Hyundai Motor Finance Company 587,540 580,000
Hyundia Assan Otomotiv Sanayi Ve
Ticaret Anonim Sirketi 48,006 47,390
Hyundai Motor Europe GmbH 28,804 28,434
Hyundai Translead 120,547 119,000
Hyundai Machine Tool Europe GmbH 20,260 20,000
Hyundai Motor Poland Sp.Zo.O 6,001 5,924
Hyundai Motor Japan Co. 34,402 33,961
HMJ R&D Center Inc. 4,730 4,669
Smart Alabama LLC 66,858 66,000
Beijing Jingxian Motor Safeguard
Service Co., Ltd. 2,533 2,500
Hyundai Motor Company Beijing Hines Millennium Real Estate
Development 15,195 15,000
Equus Cayman Finance Ltd. 405,200 400,000
Hyundai Card Co., Ltd 4,052 4,000
Other domestic companies 69,990 69,092
Kia Motors Corporation Kia Motors Slovakia 108,988 107,589
Kia Motors(UK) Ltd 17,399 17,176
Kia Motors Europe Gmbh 32,404 31,988
Kia Motors Australia. Pty Ltd 595 587
Dymos Inc. WIA Corporation 65,844 64,999
Beijing Lear Dymos Automotive
Systems Co. 3,242 3,200
Amco town Contractor 40,747 40,224
WIA Corporation Dymos Inc. 19,354 19,106
Other foreign subsidiaries 44,572 44,000
Hyundai HYSCO Hyundai Pipe of America, Inc. 20,260 20,000
Hysco America Company, Inc 45,585 45,000
Bejing Hyundai Hysco Steel
Process Co., Ltd. 30,467 30,076
Hysco Slovakia S. R. O 15,002 14,809
Hyundai Autonet Hyundai Hi-Tech Electronics (Tianjin)
Co. Ltd 6,078 6,000
111
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
Companies Related party Receivables Payables Receivables Payables
Hyundai Motor Company Hyundai Mobis ￦112,481 ￦632,193 $111,038 $624,080
Amco Corp. - 188,196 - 185,781
Glovis Co., Ltd. - 49,599 - 48,962
Hyundai Steel Company 713 3,152 704 3,112
Iljin Bearing Co., Ltd. 19 4,000 19 3,949
EUKOR Car Carriers Inc. 38 15,352 38 15,155
Kia Motors Corporation Hyundai Mobis 13 239,132 13 236,063
Amco Corp. - 92,103 - 90,921
Glovis Co., Ltd. 357 25,707 352 25,377
EUKOR Car Carriers Inc. - 39,583 - 39,075
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
As of December 31, 2005, significant balances related to the transactions other than the consolidated subsidiaries are as follows:
Companies Related party Receivables Payables Receivables Payables
Hyundai Motor Company Hyundai Mobis ￦47,101 ￦396,959 $46,497 $391,865
Amco Corp. - 91,485 - 90,311
Glovis Co., Ltd. - 51,833 - 51,168
Hyundai Steel Company 969 10,300 957 10,168
Iljin Bearing Co., Ltd. 253 6,153 250 6,074
EUKOR Car Carriers Inc. - 17,480 - 17,256
Kia Motors Corporation Hyundai Mobis 12,051 310,850 11,896 306,861
Amco Corp. 6 81,348 6 80,304
Glovis Co., Ltd. 559 21,376 552 21,102
EUKOR Car Carriers Inc. - 12,355 - 12,196
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
As of December 31, 2004, significant balances related to the transactions other than the consolidated subsidiaries are as follows: