Hyundai 2006 Annual Report Download - page 73

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69
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
1. GENERAL INFORMATION
The Company
Hyundai Motor Company (the “Company”) was incorporated in 1967, under the laws of the Republic of Korea, to manufacture and distribute
motor vehicles and parts.
The Company owns and operates three principal automobile production bases in Korea: the Ulsan factory, the Asan factory and the Jeonju
factory. In addition, the Company has invested in three overseas manufacturing plants including Hyundai Motor Manufacturing Alabama,
LLC (HMMA) as well as nine overseas sales and R&D subsidiaries including Hyundai Motor America (HMA).
The shares of the Company have been listed on the Korea Stock Exchange since 1974 and the Global Depositary Receipts issued by the
Company have been listed on the London Stock Exchange and Luxemburg Stock Exchange.
As of December 31, 2006, the major shareholders of the Company are Hyundai MOBIS (15.00%), Hyundai Steel (5.86%) and Chung, Mong
Koo (5.19%).
Consolidated Subsidiaries
The consolidated financial statements include the accounts of the Company and its consolidated domestic and foreign subsidiaries over
which the Company has substantial control and whose individual beginning balance of total assets or paid-in capital at the date of its
establishment is more than 7,000 million (US$7,530 thousand). The consolidated subsidiaries as of December 31, 2006 are as follows:
Subsidiaries Nature of Korean Won(*1) Translation into Shares (*2) Percentage Indirect
Business (In millions) U.S. Dollars ownership (*2) ownership (*2)
(Note 2)
(In thousands)
DOMESTIC SUBSIDIARIES:
Kia Motors Corporation (KIA) Manufacturing 5,247,756 5,645,176 138,654,181 39.93% HCS - 1.26%
Hyundai Capital Service Inc. (HCS) Financing 1,178,068 1,267,285 56,083,743 56.48%
Hyundai HYSCO Manufacturing 993,058 1,068,264 32,108,868 40.04% KIA - 13.91%
Hyundai Card Co., Ltd. Credit card 830,694 893,604 68,994,329 45.39% KIA - 12.12%
ROTEM Manufacturing 470,297 505,913 36,852,432 57.64%
Hyundai Autonet Co., Ltd. (Autonet) ˝ 454,339 488,747 59,522,178 25.68% KIA - 8.91%
WIA Corporation (WIA) ˝ 442,492 476,003 17,120,611 78.79% KIA - 39.33%
Hyundai Powertech ˝ 302,464 325,370 48,000,000 100.00% KIA - 50.00%
Dymos Inc. (DYMOS) ˝ 245,783 264,397 29,335,805 97.76% KIA - 45.37% &
WIA - 5.12%
KEFICO Corporation ˝ 232,273 249,863 1,670,000 50.00%
Autoever Systems Corp. Information
technology 46,206 49,705 499,000 49.90% KIA - 20.00%
Partecs Co. Manufacturing 39,761 42,772 6,960,000 87.00% KIA - 31.00%
Mseat Co., Ltd. ˝ 38,160 41,050 998,140 99.81% DYMOS - 99.81%
METIA Co., Ltd. ˝ 21,377 22,996 2,983,880 99.47% WIA - 50.94% &
DYMOS - 48.53%
Mando Map & Soft Co., Ltd. Software
consultancy
and supply 11,848 12,745 2,127,815 51.64% Autonet - 25.82%
Haevichi Resort Hotel operation 10,399 11,187 2,015,000 65.00% KIA - 40.00% &
WIA - 25.00%
Shareholders’ equity as of December 31, 2006