Hyundai 2007 Annual Report Download - page 64

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Kia Canada, Inc. (KCI) ˝ (89,741) (95,652) 6,298 100.00% KIA - 82.50%
& KMA - 17.50%
Kia Automobiles France (KMF) ˝ (104,000) (110,851) 5,000,000 100.00% KME - 100%
Kia Motors (UK) Ltd. (KMUK) ˝ (170,069) (181,272) 17,000,000 100.00% KME - 100%
Wia Automotive Engine
(Shandong) Company Manufacturing 49,314 52,562 - 70.00% KIA - 18.00%
& WIA - 30.00%
Wia Automotive Parts (WAP) ˝ 28,460 30,335 - 100.00% WIA - 100%
Hyundai-Kia Machine Europe GmbH
(HKME) ˝ 14,480 15,434 - 100.00% WIA - 100%
Hyundai-Kia Machine
America Corp. (HKMA) ˝ 2,491 2,655 1,000 100.00% WIA - 100%
Beijing Hyundai Hysco Steel
Process Co., Ltd. ˝ 28,944 30,851 - 100.00% HYSCO -100%
Jiangsu Hysco Steel Process. Co. Ltd. ˝ 11,522 12,281 - 90.00% HYSCO - 90.00%
Hysco Slovakia, s.r.o. ˝ 10,982 11,705 - 100.00% HYSCO - 100%
Hyundai Hysco USA, Inc. ˝ 8,460 9,017 250,000 100.00% HYSCO - 100%
Hysco America Co. Inc. ˝ 7,341 7,825 1,000 100.00% HYSCO - 100%
Hysco Steel India, Ltd. 6,691 7,132 270,271 100.00% HYSCO - 100%
Hyundai de Mexico, S.A. de C.V.
(HYMEX) ˝ 20,669 22,030 9,996 99.96% HT - 99.96%
Hyundai-Hitech Electronics ˝ 14,113 15,043 - 100.00% Autonet - 100%
Rotem USA Corporation ˝ 6,793 7,240 700,000 100.00% Rotem - 100%
Rotem Equipments (Beijing) Co., Ltd. ˝ 311 331 40,000 100.00% Rotem - 100%
(*1) Local currency in foreign subsidiaries is translated into Korean won using the Base Rate announced by Seoul Money Brokerage Services, Ltd.
at December 31, 2007.
(*2) Shares and ownership are calculated by combining the shares and ownership, which the Company and its subsidiaries hold as of December 31,
2007. Indirect ownership represents subsidiaries’ holding ownership.
In 2007, the Company added two domestic companies; Seoul Metro 9th line and Hyundai Commercial Inc., and three overseas companies: Hysco
Steel India, Ltd., Rotem USA Corporation and Rotem Equipments (Beijing) Co., Ltd. , to its consolidated subsidiaries due to the acquisition of
ownership enabling the Company and its subsidiaries to exercise substantial control or the increase in individual assets at the end of the preceding
year exceeding the required level of 7,000 million (US$7,461 thousand) for consolidation with substantial control. In addition, as Hyundai Motor
Hungary (HMH) and Sevenwood Property Inc. were under the liquidation procedure as of December 31, 2007, both companies were excluded from
consolidated subsidiaries.
62 HYUNDAI MOTOR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
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)
Shareholders’ equity as of December 31, 2007