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85
HYUNDAI MOTOR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
The changes in property, plant and equipment in 2006 are as follows:
Translation into
U.S. Dollars (Note 2)
(In thousands)
Korean Won
(In millions)
Beginning Acquisition Transfer Disposal Depreciation Other(*) End of End of
of year year year
Land 4,165,180 67,260 58,234 (42,110) (2,042) 16,391 4,262,913 $4,543,715
Buildings and structures 5,725,824 106,537 895,640 (17,244) (300,362) (29,440) 6,380,955 6,801,274
Machinery and equipment 6,959,868 234,597 2,003,084 (104,670) (1,247,461) 350,964 8,196,382 8,736,284
Vehicles 130,471 13,971 36,420 (22,882) (41,636) 5,694 122,038 130,077
Tools, dies and molds 1,245,453 30,499 581,508 (4,995) (502,780) 19,989 1,369,674 1,459,895
Other equipment 548,558 38,042 127,397 (72,248) (222,747) 234,232 653,234 696,263
Construction in progress 2,672,685 3,378,480 (3,702,283) (22,510) - 180,025 2,506,397 2,671,495
21,448,039 3,869,386 -(286,659) (2,317,028) 777,855 23,491,593 $25,039,003
(*) Other includes foreign currency adjustment, changes in the scope of consolidation, impairment loss and transfer to other assets.
As of December 31, 2007 and 2006, the value of the land, which the Company and its subsidiaries own domestically, totals 5,395,360
million (US$5,750,757 thousand) and 4,822,186 million (US$5,139,827 thousand), respectively, in terms of land prices officially announced
by the Korean government.
11. INTANGIBLES:
Intangibles as of December 31, 2007 and 2006 consist of the following:
Translation into
U.S. Dollars (Note 2)
(In thousands)
Korean Won
(In millions)
Description Acquisition Accumulated Accumulated Government Book value Book value Book value Book value
cost amortization impairment subsidy
loss
Goodwill 664,517 (153,786) --510,731 519,894 $544,373 $554,140
Negative goodwill (98,671) 25,199 - - (73,472) (87,981) (78,312) (93,776)
Industrial property rights 82,718 (54,998) (121) - 27,599 29,380 29,417 31,315
Development costs 5,087,088 (2,615,580) (34,082) (22,604) 2,414,822 2,046,446 2,573,888 2,181,247
Other 230,557 (110,052) (2,301) - 118,204 104,611 125,991 111,502
5,966,209 (2,909,217) (36,504) (22,604) 2,997,884 2,612,350 $3,195,357 $2,784,428
2007 2006 2007 2006