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97
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
Korean Won
(In millions)
Annual
interest rate (%)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Description 2006 2006 2005 2006 2005
Trade financing 6.00 ~ 7.00 5,103,337 4,883,681 $5,489,820 $5,253,529
General loans 4.00 ~ 7.00 2,879,230 2,030,634 3,097,278 2,184,417
Discount of trade bills 4.61 ~ 5.29 2,674,219 3,632,053 2,876,742 3,907,114
Overdrafts 5.50 ~ 6.86 97,549 274,519 104,937 295,309
Banker’s Usance 0.33 ~ 5.93 741,643 914,445 797,809 983,697
Other 4.63 ~ 4.65 143,344 120,000 154,199 129,088
11,639,322 11,855,332 $12,520,785 $12,753,154
13. SHORT-TERM BORROWINGS:
Short-term borrowings as of December 31, 2006 and 2005 consist of the following:
Korean Won
(In millions)
Annual
interest rate (%)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Description 2006 2006 2005 2006 2005
Debentures 3.75 ~ 9.20 13,306,584 11,950,259 $14,314,312 $12,855,270
Won currency loans:
Facility loans 1.00 ~ 7.38 205,705 202,796 221,283 218,154
General loans 5.49 ~ 6.89 109,537 358,431 117,832 385,576
Reorganization claims (*) 46,044 136,721 49,531 147,075
Capital lease 7.77 6,711 55,214 7,219 59,395
Other 1.00 ~ 6.90 28,758 106,712 30,937 114,794
396,755 859,874 426,802 924,994
Foreign currency loans:
General loans 4.02 ~ 7.24 3,581,798 1,099,747 3,853,053 1,183,032
Reorganization claims (*) 22,296 55,292 23,985 59,479
Facility loans 7.31 ~ 7.43 3,644 48,006 3,920 51,642
Capital lease - - 33,713 - 36,266
Other 3ML+1.20 67,433 - 72,539 -
3,675,171 1,236,758 3,953,497 1,330,419
17,378,510 14,046,891 18,694,611 15,110,683
Less: current maturities 4,595,588 3,470,787 4,943,619 3,733,635
12,782,922 10,576,104 $13,750,992 $11,377,048
(*) 3 year non-guaranteed bond circulating earning rate at the end of every quarter; 5.04% as of December 31, 2006
14. LONG-TERM DEBT AND DEBENTURES:
Long-term debt and debentures as of December 31, 2006 and 2005 consist of the following: