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90
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
The changes in investment securities accounted for using the equity method in 2005 are as follows:
Translation into
U.S. Dollars (Note 2)
(In thousands)
Korean Won
(In millions)
Affiliated company Beginning Acquisition Gain (loss) Other End of year End of year
of year (disposal) on valuation changes (*)
Hyundai Steel Company --277,599 84,619 362,218 $389,649
Hyundai MOBIS 546,923 - 102,143 (84,871) 564,195 606,922
Eukor Car Carriers, Inc. 80,810 - 21,979 (3,757) 99,032 106,532
Korea Space & Aircraft Co., Ltd. 81,827 - 329 7,392 89,548 96,330
Asset Management Co., Ltd. - 9,044 16,417 979 26,440 28,442
Korea Economy Daily 14,247 10,000 113 735 25,095 26,995
Iljin Bearing Co., Ltd. 13,102 - 721 160 13,983 15,042
Daesung Automotive Co., Ltd. 6,094 - 465 (446) 6,113 6,576
Donghui Auto Co., Ltd. 7,695 - 542 - 8,237 8,861
TRW Steering Co., Ltd. 7,598 - (325) - 7,273 7,824
Kia Tigers Co., Ltd. 6,024 - (4,167) - 1,857 1,998
NGVTEK.com 250 - - 571 821 883
Beijing-Hyundai Motor Company 292,896 67,488 88,899 (75,372) 373,911 402,228
Hyundai Motor Deutschland GmbH 12,588 - 7,113 (2,289) 17,412 18,731
Beijing Lear Dymos
Automotive Systems Co., Ltd. 572 2,091 16 94 2,773 2,983
Hyundai Electronics (Tianjin) Co., Ltd. - - - 3,724 3,724 4,006
Yan Ji Kia Motors A/S 1,792 - - - 1,792 1,928
Hyundai Motor Japan R&D Center Inc. 2,244 - 34 (392) 1,886 2,029
Hyundai Information System
North America, LLC - 2,533 150 2,838 5,521 5,939
Hysco Slovakia S.R.O - 5,196 (699) (112) 4,385 4,717
Global Engine Alliance, LLC - - - 1,484 1,484 1,596
Kia Motors Australia Pty Ltd. 825 - - - 825 887
Hyundai Electronics (Tianjin) Co., Ltd. - - - 712 712 766
Hyundai Autonet Pontus America - 209 - 241 450 484
Hyundai Hi-Tech Electronics
(Tianjin) Co., Ltd. - 3,448 - (3,262) 186 200
Pontus Map Co., Ltd. - - - 180 180 194
Global Engine Manufacturing, LLC - - - 101 101 109
Eukor Car Carriers Singapore Pte. 13 - - - 13 14
PT. Kia Timor Motors 10,337 - - (10,337) - -
Hyundai Assan Otomotive
Sanayi Ve Ticaret A.S. 24,765 - 27,444 (52,209) - -
Hyundai Motor Group China. Ltd. 1,508 - - (1,508) - -
WIA Automotive Parts 6,975 - - (6,975) - -
1,119,085 100,009 538,773 (137,700) 1,620,167 $1,742,865
(*) Other changes consist of the increase by 25,905 million (US$27,867 thousand) due to changes of investees’ capital adjustment, and the
decrease of 88,053 million (US$94,721 thousand), 65,215 million (US$70,154 thousand) and 10,337 million (US$11,120 thousand)
due to receipt of dividends from investees, changes of consolidated subsidiaries and impairment loss on investment securities
accounted for using the equity method, respectively.