Hyundai 2007 Annual Report Download - page 111

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109
HYUNDAI MOTOR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
Company providing Beneficiary companies Korean Won Translation into
guarantee of indebtedness (In millions) U.S. Dollars (Note 2)
(In thousands)
Hyundai Motor Company Hyundai Capital Co., Ltd 317,908 $338,849
Hyundai Merchant Marine 180,048 191,908
Hyundai Rotem (Formerly, ROTEM) 186,100 198,359
Hyundai Motor America 187,640 200,000
Hyundai Motor Manufacturing Alabama LLC 633,285 675,000
Hyundai Auto Canada 16,057 17,115
Hyundai Motor Finance Company 468,162 499,000
Hyundai Motor Europe GmbH 23,481 25,028
27.SELLING AND ADMINISTRATIVE EXPENSES:
Selling and administrative expenses in 2007 and 2006 are as follows:
28.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, 2007 as follows:
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
2007 2006 2007 2006
Salaries 2,545,845 2,196,904 $2,713,542 $2,341,616
Export related expenses 1,284,054 1,313,587 1,368,636 1,400,114
Sales promotion 2,392,644 3,329,762 2,550,249 3,549,096
Sales commission 787,898 572,865 839,797 610,600
Sales warranties 975,825 908,657 1,040,103 968,511
Taxes and dues 139,313 128,984 148,490 137,480
Communications 66,567 64,668 70,952 68,928
Utilities 51,541 54,661 54,936 58,262
Freight and warehousing 424,278 214,971 452,226 229,131
Rent 115,233 128,296 122,823 136,747
Travel 152,031 136,406 162,045 145,391
Service charges 553,751 657,115 590,227 700,400
Maintenance 57,261 75,047 61,033 79,990
Supplies 56,676 56,200 60,409 59,902
Research 608,631 636,611 648,722 678,545
Depreciation 420,053 434,600 447,722 463,227
Amortization 86,993 94,238 92,723 100,446
Provision for other liabilities 315,819 345,455 336,622 368,210
Other 251,605 264,051 268,180 281,445
11,286,018 11,613,078 $12,029,437 $12,378,041