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82 HYUNDAI MOTOR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
(3) Condensed financial information of the affiliates as of and for the year ended December 31, 2007 is as follows:
Translation into
U.S. Dollars (Note 2)
(In thousands)
Korean Won
(In millions)
Affiliated company Assets Liabilities Sales Net income Assets Liabilities Sales Net income
(loss) (loss)
Hyundai Steel Company 8,833,139 4,784,142 7,382,842 519,775 $9,414,985 $5,099,277 $7,869,156 $554,013
Korea Space
& Aircraft Co., Ltd. 1,101,980 666,429 800,240 4,210 1,174,568 710,327 852,952 4,478
Hyundai MOBIS 6,777,619 2,526,759 8,490,912 776,675 7,224,066 2,693,199 9,050,215 827,835
Eukor Car Carriers, Inc. 1,655,470 1,079,816 1,617,101 (37,577) 1,764,517 1,150,944 1,723,621 (40,052)
HK Mutual Savings Bank 2,375,390 2,284,467 122,475 (3,317) 2,531,859 2,434,947 130,543 (3,535)
Korea Economy Daily 196,476 116,383 120,700 9,616 209,418 124,049 128,651 10,249
Kia Tigers Co., Ltd. 2,579 3,016 18,538 (248) 2,749 3,215 19,759 (264)
Donghui Auto Co., Ltd. 87,105 59,765 88,688 2,913 92,843 63,702 94,530 3,105
Asset Management Co., Ltd. 555,497 256,531 1,169,117 69,577 592,088 273,429 1,246,128 74,160
TRW Steering Co., Ltd. 75,062 58,524 149,755 1,173 80,006 62,379 159,619 1,250
Wisco Co., Ltd. 171,944 150,687 340,461 4,432 183,270 160,613 362,887 4,724
Iljin Bearing Co., Ltd. 131,915 50,518 182,978 8,260 140,604 53,846 195,031 8,804
Daesung Automotive
Co., Ltd. 67,931 14,299 74,286 2,897 72,406 15,241 79,179 3,088
Beijing-Hyundai Motor
Company 1,757,046 711,713 2,873,786 111,034 1,872,784 758,594 3,063,085 118,348
Kia Motors Manufacturing
Georgia Inc. 130,470 38,015 - (782) 139,064 40,519 - (834)
Hyundai Motor Deutschland
GmbH 157,410 96,070 769,586 (9,825) 167,779 102,398 820,279 (10,472)
Hyundai Motor Hungary 3,866 1,674 13,863 (288) 4,121 1,784 14,776 (307)
Hyundai Motor
Commonwealth of
Independent States 241,017 217,281 748,347 17,967 256,893 231,593 797,641 19,151
Dymos India Automotive
Private Limited 3,722 - - - 3,967 - - -
Beijing Lear Dymos
Automotive
Systems Co., Ltd. 23,997 14,763 47,935 1,695 25,578 15,735 51,093 1,807
Dymos Czech Republic s.r.o 2,817 1,919 - (1,749) 3,003 2,045 - (1,864)
Eurotem DEMIRYOLU
ARACLARI SAN. VE TIC A.S. 15,370 12,324 - (1,616) 16,382 13,136 - (1,722)
Autoever systems
Europe GmbH 10,703 8,958 5,858 17 11,408 9,548 6,244 18
Hyundai Motor Japan
R&D Center Inc. 5,970 4,082 12,225 23 6,363 4,351 13,030 25
Hysco Czech S.R.O 745 - - - 794 - - -
Autoever Systems
China Co., Ltd. 1,671 989 3,932 94 1,781 1054 4,191 100
Autoever Systems
India Pvt. Ltd. 2,917 1,831 8,676 415 3,109 1,952 9,247 442