Hyundai 2008 Annual Report Download

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Table of contents

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    Hyundai motor company I 2008 AnnuAl RepoRt table of contents 04 I Intro 12 I FInancIal HIgHlIgHts 14 I Message FroM tHe ceo 18 I to. toMorrow (Management Performance & Vision) 28 I to. Best (global system & Marketing) 36 I HyundaI wItH Me 46 I to. doIng (sustainable Management) 56 I HyundaI wItH ...

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    ... as a global company, and the purified, clear water symbolizes the fruits of our management that is based on trust, transparency, and environmental and social responsibility. From. TAU 4.6 V8 Engine Hyundai Motor's new technologies To. Ideal Car Creating your dream cars From. Ideal Car Creating...

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    ... Income net Income roe at Year End : total assent shareholder's equity 2004 credit Rating : Korea ratings (HMc) s&P Moody's aa BB+ Baa3 aa BBBBaa3 70,709,485 20,965,973 2005 63,648,025 1,796,690 1,259,247 6.01% 2007 2008 2008 Financial services 5,000 other regions Korea 69,601,516 2,848,022...

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    ... as a leading global automaker by completing construction of second plants in China and India thereby lifting our production capacity by an additional 600K units per annum. At the same time, we raised our global management standards by successfully generating sales of our i-series, models which...

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    ... total of 2.8 million units, including 570,000 units in Korea, 1.1 million units in exports, and 1.13 million units manufactured and sold overseas. Hyundai also achieved a 5.1 percent growth in value compared to 2007 with 32.2 trillion won in sales, the highest ever so far in our history. We secured...

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    From. Today To. Tomorrow Our dream today of becoming the number one global automotive leader will make us tomorrow's new global leader. Our passion today for making cars that the world is dreaming of will translate into tomorrow's ideal cars.

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    ... overseas manufacturing network Ever expanding its global reach, Hyundai Motor completed its second generation of plants in India and Beijing, China, in 2008 with an annual production capacity of 300,000 units each, thereby enhancing our manufacturing network by 600,000 more units per year. Hyundai...

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    ... & World Report • 2007 Australia's Car of the Year • 2008 Five-star rating (frontal and side-impact crash tests), EuroNCAP • 2008 Car of the year, Spain • 2008 Australia's Best Cars i30 Hyundai motor company I 2008 AnnuAl RepoRt I 22 Hyundai motor company I 2008 AnnuAl RepoRt I 23

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    ... through the Hyundai global quality control system. Furthermore, the Company's "Quality Way" policy seeks to develop and produce zero defect vehicles. Applied to all its cars, the policy makes quality management a tangible reality for its customers. and Hyundai Loyalty Program (to be launched in...

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    ... FIFA World Cup Games • Launch of joint venture with Beijing Automotive Industry Holding Company in China • Hyundai Motor India becomes second largest automaker in India • Groundbreaking for new European headquarters • Completion of the California Design & Technical Center • Annual...

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    From. Better To. Best We will move you with even better quality, even better designs. So that we become the first name that springs to your mind when you hear the word "car", We will continue to think about only two things, cars and you.

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    ... simply making cars to creating the quality and design of your dream cars r&d centers, base camp for becoming a global leader Namyang R&D Center, Korea I Located in Hwaseong in Gyeonggi Province, the Hyundai-Kia Namyang R&D Center is a comprehensive, world-class technology research complex equipped...

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    ... Production of overseas Plants (unit : '000 units) 02 01 03 1. ulsan Plant, the world's largest automobile plant 2. Alabama Plant, making the top 10 in North America in its first year of operations 3. India Plant, placing second in market share after just two years Hyundai motor company I 2008...

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    ... image even further through a variety of promotional activities during Euro 2008. Hyundai Motor will participate in the 2010 FIFA World Cup Games in South Africa where it will once again make a deep impression in the hearts of the global community through such events as the Goodwill Ball Road Show...

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    ... Japan Design Studio in Yokohama is also anticipating the future by developing the futuristic dream car series NEOS which combines sophisticated design, practicality, and eco-friendliness. 2009 >> ix-onic (HED-6) Hyundai motor company I 2008 AnnuAl RepoRt I 38 Hyundai motor company I 2008 AnnuAl...

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    ...eco-friendliness Hyundai Motor's independently developed Lambda engine, selected as a top 10 new technology in Korea in 2006, is a compact, 3.8 liter V6 gasoline engine for mid- and large-size cars. It not only boasts high performance and fuel efficiency, but is also welcomed by the global market as...

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    ... they may be in the beginning? No, because their beauty stays in the hearts of people. Like Sonata whose beauty transcends time. From. susan < Florist> Hyundai motor company I 2008 AnnuAl RepoRt I 42 Hyundai motor company I 2008 AnnuAl RepoRt I 43

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    ...And Santa Fe. From. Michele Traveling is made more pleasurable depending on who you're with. My one and only partner that I get along so well with! I know that Veracruz will take me once again to the most beautiful places. From. david < traveler> Hyundai motor company I 2008 AnnuAl...

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    From. Thinking To. Doing Thinking about making society more humane or wishing for a cleaner environment is not enough. At Hyundai Motor, we put our thoughts into action, because we know how important it is to actually offer one's hand or to really do something for the environment.

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    ... centers in 2007. By 2008, the total tally reached approximately 1,010 hybrid cars. In 2009, Hyundai Motor will extend its efforts to actual customers by commercializing the Avante LPI (LPG injection) hybrid car. In 2010, a mid-size hybrid vehicle featuring Hyundai Motor's independently developed...

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    ... 2nd stage(2007~2009) design and securing of mass production technologies 3rd stage(2010~) production in small quantity 2009~2010 delivery of pilot fleets 2006~2009 Start of the monitoring project in the Korean domestic market; actual application of the independently-developed fuel cell electric...

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    ... a region in Inner Mongolia, china 2. ulsan ecological resources restoration campaign: releasing fresh water crabs and Korean rose bitterling into the taehwa river 3. The US Genesis Forest Project website: Hyundai.carbonfund.org Hyundai motor company I 2008 AnnuAl RepoRt I 52 Hyundai motor company...

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    ... Citizen, which goes beyond the immediate corporate objective of pursuing profits. Hyundai Motor is making efforts to make a better world for all those involved with the Company - customers, management and employees, shareholders, partners, local communities and contribute to the sustainable...

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    ... to review reports on business management and financial status. The Audit Committee approves matters related to audit, the shareholders' meeting, directors, and the board of directors. It can access business and management information for auditing. The External Director Candidates Recommendation...

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    ... fair trading approved as drafted 73 I notes to consolIdated FInancIal stateMents 4th Meeting october 23 • Payment guarantee for local financing for overseas Hyundai Motor companies • renewal of support agreement of Hyundai capital • transactions with the largest shareholder • Financial...

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    ... of a Report Originally Issued in Korean current assets: To the Shareholders and Board of Directors of Hyundai Motor Company: We have audited the accompanying consolidated balance sheets of Hyundai Motor Company (the "Company") and its subsidiaries as of December 31, 2008 and 2007, and the related...

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    ... MOTOR COMPANY AND SUBSIDIARIES >> COnSOliDAteD BAlAnCe SheetS (COntinueD) AS OF DeCemBeR 31, 2008 AnD 2007 Korean Won in millions U. S. Dollars (Note 2) in thousands Korean Won in millions U. S. Dollars (Note 2) in thousands liaBilitiEs and sHaREHoldERs' EQuitY current liabilities: short-term...

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    ... the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 HYUNDAI MOTOR COMPANY AND SUBSIDIARIES >> COnSOliDAteD StAtementS OF inCOme (COntinueD) FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won in millions except per share amounts U. S. Dollars (Note 2) in thousands except per share amounts Korean...

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    ... HYUNDAI MOTOR COMPANY AND SUBSIDIARIES >> COnSOliDAteD StAtementS OF ChAnGeS in ShARehOlDeRS' eQuitY (COntinueD) FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won in millions U. S. Dollars (Note 2) in thousands Korean Won in millions U. S. Dollars (Note 2) in thousands capital stock...

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    ... MOTOR COMPANY AND SUBSIDIARIES >> COnSOliDAteD StAtementS OF CASh FlOWS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 HYUNDAI MOTOR COMPANY AND SUBSIDIARIES >> COnSOliDAteD StAtementS OF CASh FlOWS (COntinueD) FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won in millions U. S. Dollars...

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    ... 2008 AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won in millions U. S. Dollars (Note 2) in thousands 2008 cash flows from investing activities: cash outflows from investing activities: Purchase of short-term...

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    ... (HyMex) Hyundai america technical center Inc. (HatcI) world Marketing group llc (wMg) Marketing Hyundai Information service north america (HIsna) Hyundai auto canada captive Insurance Incorporation (HaccII) Hyundai Motor India (HMI) Hyundai Motor India engineering Private ltd. (HMIe) Hyundai assan...

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    ... AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Shareholders' equity as of December 31, 2008 subsidiaries Kia Motors deutschland gmbH (KMd) Kia Motors Polska sp.z.o.o. (KMP) Kia canada, Inc. (KcI) wia automotive engine...

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    ... AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Minority interest is the part of net operation results and net assets of a subsidiary other than controlling interest. When net loss attributable to minority shareholders...

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    ... as an operating lease. expensed on a straight-line basis over the vesting period. For cash-settled share-based payments, a liability equal to the portion of the goods or services received is recognized at the current fair value determined at each balance sheet date. derivative instruments...

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    ... nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 income tax expense Income tax expense is determined by adding or deducting the total income...

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    ...000 4,490 4,439 3,000 3,700 2,974 2,500 (2) Short-term investment securities as of December 31, 2007 consist of the following: Korean Won In millions U.S. Dollars (Note 2) In thousands seoul Metro 9th line (*3) Hyundai Merchant Marine co., ltd. doosan capital co., ltd. Hyundai development company...

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    ...2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won In millions U.S. Dollars (Note 2) In thousands (%) companies Bond Market Income Fund nesscaP Inc. Muan environment system corporation (*3) Korea securities Finance...

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    ...nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won In millions U.S. Dollars (Note 2) In thousands (%) companies sg asset co., ltd. (Formerly, Koryo co., ltd.). carnes co., ltd.(*2) seah Besteel corporation Koentec enoVa system Korea smart card co...

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    ... COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won In millions U.S. Dollars (Note 2) In thousands (%) 7. investment securities accounted...

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    ...nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won In millions U.S. Dollars (Note 2) In thousands (%) Korean Won In millions U.S. Dollars (Note 2) In thousands affiliated company Hyundai Motor commonwealth of Independent states (*1) dymos India...

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    ... YeARS enDeD DeCemBeR 31, 2008 AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 The changes in investment securities accounted for using the equity method in 2007 are as follows: Korean Won In millions U.S. Dollars (Note...

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    ... 8. leased assets: The Company and its subsidiaries have entered into lease agreements for certain machinery. The capital lease obligations are included in long-term debt in the accompanying balance sheets. Annual payments on these lease agreements as of December 31, 2008 are as follows: Korean Won...

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    ... FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 The changes in property, plant and equipment in 2007 are as follows: Korean Won In millions U.S. Dollars...

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    ... included in the consolidated financial statements, are HMC Investment Securities Co., Ltd., Hyundai Capital Service Inc., Hyundai Card Co., Ltd., Hyundai Commercial Inc., Hyundai Motor Finance Company (HMFC) and Hyundai Auto Canada Captive Insurance Incorporation (HACCII) in 2008 and 2007. $17,684...

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    ... AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Debentures as of December 31, 2008 and 2007 consist of the following: Annual interest rate (%) 16. pledged assets, cHecKs and notes: Korean Won In millions U.S. Dollars...

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    HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Capital stock as of December 31, 2007 consists of the following: ...

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    ...FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 Korean Won In millions U.S. Dollars (Note 2) In thousands The components of accumulated temporary differences and deferred tax assets...

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    ... margin rate of selling companies and are eliminated in the consolidated financial statements. 439,542 ￦2,207,340 443,936 ￦825,908 Unrealized profits and losses related to sales of inventories and property, plant and equipment in 2008 are as follows: Korean Won In millions U.S. Dollars (Note...

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    ...llc Hyundai Motor Manufacturing czech, s.r.o Hyundai Motor norway Hyundai Motor company Italy Hyundai Motor Japan co. Hyundai america technical center Inc. Hyundai Motor Finance company Hyundai Motor europe technical center gmbH Hyundai Motor uK limited Kia Motors australia Pty. ltd ￦307,047 2007...

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    ... Powertech dymos Inc. KeFIco corporation Hyundai Information service north america Kia Motors slovakia. s.r.o dong Feng yueda Kia Motor co., ltd. Hyundai Motor India Hysco america company. Inc. Hysco slovakia, s.r.o. wIa corporation Hyundai Motor India Hyundai motor company I 2008 AnnuAl RepoRt...

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    ... autoever systems corp Hyundai america technical center Inc. Hyundai Motor america Kia Motors corporation Hyundai Motor Manufacturing alabama, llc Hyundai america technical center Inc. Kia Motors america Inc. Hyundai Motor Finance company world Marketing group llc world Marketing group llc Hyundai...

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    ... Powertech dymos Inc. KeFIco corporation Hyundai Information service north america Kia Motors slovakia. s.r.o dong Feng yueda Kia Motor co., ltd. Hyundai Motor India Hyundai capital service Inc. Kia Motors corporation Hyundai card autoever systems corp. Hyundai motor company I 2008 AnnuAl RepoRt...

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    ...card Hyundai Hysco M & soft co., ltd. Hyundai america technical center Inc. Hyundai Motor america Kia Motors corporation Kia Motors corporation Hyundai Motor Manufacturing alabama, llc Hyundai america technical center Inc. Kia Motors america Inc. Hyundai Motor Finance company world Marketing group...

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    ... other than the consolidated subsidiaries are as follows: Korean Won In millions U.S. Dollars (Note 2) In thousands companies Hyundai Motor company Related party Hyundai Mobis asset Management co., ltd. glovis co., ltd. Hyundai steel company Beijing-Hyundai Motor company eukor car carriers Inc...

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    ...Beijing Hyundai Hysco steel Process co., ltd. dymos Inc. wIa corp. Jiangsu Hyundai Hysco steel Process co., ltd dymos lear dymos automotive systems co. dymos India automotive Private limited wIa automotive Parts Hyundai-Kia Machine america corp. Hyundai-Kia Machine europe gmbH wia automotive engine...

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    ...HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 (2) As of December 31, 2008, the outstanding balance of accounts receivable discounted with recourse amounts to ￦503,329 million (US$400,262 thousand), including discounted overseas...

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    ..., Hyundai Card Co., Ltd. is obliged to make early redemption for asset-backed securities. (13) WIA Corp., one of domestic subsidiaries of the Company, made a general installment financing contract with Doosan Capital Co., Ltd. and Hyundai Commercial in order to promote the sales of its machine tools...

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    ... statements of income for the years then ended, by industry under which the Company and its subsidiaries' business are classified, are as follows: consolidated balance sheets as of december 31, 2007 Korean Won In millions U.S. Dollars (Note 2) In thousands assEts Current assets: non-financial...

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    ... HYUNDAI MOTOR COMPANY >> nOteS tO COnSOliDAteD FinAnCiAl StAtementS FOR the YeARS enDeD DeCemBeR 31, 2008 AnD 2007 consolidated statements of income for the year ended december 31, 2008 Korean Won In millions U.S. Dollars (Note 2) In thousands (2) Regional Results of Operations and Total Assets...

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    ... Motor Safeguard Service Co., Ltd. Hyundai Motor Company Headquarter in Korea Hyundai Motor Finance Co. (HMFC) Hyundai Motor America (HMA) Hyundai & Kia America Technical Center Inc. (HATCI) Hyundai Motor Manufacturing Alabama (HMMA) Hyundai Motor Europe Technical Center GmbH (HMETC) Hyundai Motor...

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    ... sonata elantra (avante) i30 i30cw i20 i10 accent getz Veracruz santa Fe tucson H-1 (grand starex) Hd45 Hd65 / Hd72 / Hd78 Hd120 Hd270 dump Hd1000 tractor county super aero city universe Hyundai motor company I 2008 AnnuAl RepoRt I 134 Hyundai motor company I 2008 AnnuAl RepoRt...

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    Sincerely yours...From. Hyundai

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    Hyundai motor company Phone : (82-2) 3464-2246 Fax : (82-2) 3464-3467 website : www.hyundai.com designed : Killing mario Co., Ltd. Published : June. 15. 2009 accounting team

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