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110
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Subsidiaries Counterpart subsidiaries Subsidiary’s Subsidiary’s Subsidiary’s Subsidiary’s
income income income income
Hyundai Motor India WIA Corporation 36,972 34,886 $39,772 $37,528
Hyundai Assan Otomotive
Sannayi Ve Ticaret A.S. - 9,595 - 10,322
Kia Motors Europe GmbH Kia Motors Corporation 103,773 - 111,632 -
Kia Motors (UK) Ltd. 527,092 650,864 567,009 700,155
Kia Motors Belgium 126,685 87,123 136,279 93,721
Kia Motors Austria GmbH 81,448 127,045 87,616 136,666
Kia Motors Polska Sp.z.o.o. 50,664 - 54,501 -
Kia Motors Hungary Kft 30,492 23,665 32,801 25,457
Kia Motors Deutschland GmbH 538,269 649,741 579,033 698,947
Kia Motors Iberia 629,793 621,302 677,488 668,354
Kia Automobiles France 228,881 312,017 246,215 335,647
Kia Motors Czech s.r.o. 48,005 41,387 51,640 44,521
Kia Motors Sweden AB 41,896 46,177 45,069 49,674
KIA Motors Slovensko S.r.o. 22,045 - 23,715 -
Kia Canada, Inc. Kia Motors Corporation 18,078 - 19,447 -
Hyundai Motor
Manufacturing
Alabama, LLC Hyundai Motor America 3,292,806 - 3,542,175 -
As of December 31, 2006 and 2005, significant balances related to the transactions between the consolidated subsidiaries are as follows:
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Subsidiaries Counterpart subsidiaries Subsidiary’s Subsidiary’s Subsidiary’s Subsidiary’s
receivable receivable receivable receivable
Kia Motors Corporation Hyundai Capital Service Inc. 24,154 - $25,983 $ -
WIA Corporation 54,640 - 58,778 -
Autoever Systems Corp. 320 285 344 307
Hyundai Powertech 115 188 124 202
Dymos Inc. 250 804 269 865
Hyundai HYSCO 1,098 - 1,181 -
Hyundai Card 15,149 6,506 16,296 6,999
KEFICO Corporation 1 225 1 242
ROTEM 19 172 20 185
Kia Motors America Inc. 1,125,670 1,237,206 1,210,919 1,330,901
Kia Motors Europe GmbH 1,969,044 1,028,576 2,118,163 1,106,472
Kia Canada, Inc. 161,253 163,504 173,465 175,886
Dong Feng Yueda Kia Motor Co., Ltd. 52,891 38,617 56,897 41,542
Kia Motors Polska Sp.z.o.o. 11,475 1,170 12,344 1,259
Kia Motors Slovakia. s.r.o 8,454 5,356 9,094 5,762
Hyundai Motor America 47,098 - 50,665 -
2006 2005 2006 2005
2006 2005 2006 2005