Hyundai 2008 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2008 Hyundai annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 71

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71

Affiliated company
Acquisition
cost
Net equity
value Book value
Acquisition
cost
Net equity
value Book value
Ownership
percentage
(*2)
Hyundai Motor Commonwealth of
Independent States (*1)
￦
3,959
￦
18,989
￦
18,333 $3,148 $15,101 $14,579 80.00
Dymos India Automotive Private
Limited (*1) 3,722 3,722 3,722 2,960 2,960 2,960 100.00
Beijing Lear Dymos Automotive
Systems Co., Ltd. 2,662 3,694 3,809 2,117 2,938 3,029 40.00
Dymos Czech Republic s.r.o (*1) 2,553 898 898 2,030 714 714 100.00
Eurotem DEMIRYOLU ARACLARI
SAN. VE TIC A.S. (*1) 1,892 1,538 1,538 1,505 1,223 1,223 50.50
Yan Ji Kia Motors A/S (*1) 1,792 1,792 1,792 1,425 1,425 1,425 100.00
Autoever Systems Europe GmbH (*1) 1,534 1,745 1,745 1,220 1,388 1,388 100.00
Hyundai Motor Japan R&D Center Inc. (*1)
1,510 1,939 1,939 1,200 1,542 1,542 100.00
Hysco Czech S.R.O (*1) 745 745 745 592 592 592 100.00
Autoever Systems China Co., Ltd. (*1) 538 614 614 427 488 488 90.00
Autoever Systems India Pvt. Ltd. (*1) 520 1,086 1,086 413 864 864 100.00
Eukor Car Carriers Singapore Pte. (*2) 5554448.00
￦
1,153,586
￦
2,360,365
￦
2,035,078 $917,365 $1,877,030 $1,618,352
Affiliated company
Beginning
of year
Acquisition
(disposal)
Gain (loss)
on valuation
Other
changes (*) End of year End of year
Hyundai Steel Company
￦
577,540
￦
-
￦
189,754
￦
24,126
￦
791,420 $629,360
Korea Space & Aircraft Co., Ltd. 89,321 -4,131 -93,452 74,316
Hyundai MOBIS 450,841 -67,991 75,294 594,126 472,466
Eukor Car Carriers, Inc. 104,164 -7,243 (10,784) 100,623 80,018
HK Mutual Savings Bank 29,504 (5,552) 3,159 (720) 26,391 20,987
Korea Economy Daily 31,854 -279 -32,133 25,553
Kia Tigers Co., Ltd. ---31 31 25
Donghui Auto Co., Ltd. 9,303 -304 -9,607 7,640
Asset Management Co., Ltd. 57,111 -14,061 1,989 73,161 58,180
TRW Steering Co., Ltd. 4,797 -(200) 1,772 6,369 5,065
Korea Credit Bureau Co., Ltd. - - (161) 3,366 3,205 2,549
Korean Won In millions
Korean Won In millions
U.S. Dollars (Note 2) In thousands
U.S. Dollars (Note 2)
In thousands
(%)
HYUNDAI MOTOR COMPANY
>>

HYUNDAI MOTOR COMPANY
>>

HYUNDAI MOTOR COMPANY I 2008 AnnuAl RepoRt I 93HYUNDAI MOTOR COMPANY I 2008 AnnuAl RepoRt I 
(*1) These companies are excluded in the consolidation since individual beginning balance of total assets is less than
￦
7,000 million (US$5,567 thousand).
(*2) Ownership percentage is calculated by combining the ownership of the Company and its subsidiaries.
(*3) As the company was under the liquidation procedure, it was excluded from consolidated subsidiaries.
(2)The changes in investment securities accounted for using the equity method in 2008 are as follows:
Affiliated company
Beginning
of year
Acquisition
(disposal)
Gain (loss)
on valuation
Other
changes (*) End of year End of year
Wisco Co., Ltd.
￦
6,782
￦
-
￦
1,634
￦
14,944
￦
23,360 $18,577
Iljin Bearing Co., Ltd. 16,109 -960 (226) 16,843 13,393
Daesung Automotive Co., Ltd. 10,714 -757 (148) 11,323 9,004
Seoul Sung Bo Chiup LLC -4,237 - - 4,237 3,369
Morningstar Korea Co., Ltd. -(130) -2,803 2,673 2,126
Beijing-Hyundai Motor Company 516,196 58,363 63,355 187,915 825,829 656,723
WIA Motor Dies Company -14,681 - - 14,681 11,675
Kia Motors Manufacturing Georgia Inc. 74,425 - - (74,425) - -
Hysco Czech S.R.O 745 12,418 (108) 1,274 14,329 11,395
Hyundai Motor Deutschland GmbH 17,908 -(408) 5,215 22,715 18,064
Hyundai Motor Hungary 2,283 ---2,283 1,816
Hyundai Autonet India Private Ltd. - - - 4,308 4,308 3,426
HECT - - (41) 5,318 5,277 4,196
Hyundai Motor Commonwealth of
Independent States 18,333 - - (18,333) - -
Dymos India Automotive Private Limited 3,722 -721 430 4,873 3,875
Beijing Lear Dymos Automotive
Systems Co., Ltd. 3,809 -3,888 (502) 7,195 5,722
Dymos Czech Republic s.r.o 898 -(1,018) 120 -(1)
Eurotem DEMIRYOLU ARACLARI
SAN. VE TIC A.S. 1,538 - - (1,538) - -
Yan Ji Kia Motors A/S 1,792 ---1,792 1,425
Hyundai Motor Japan R&D Center Inc. 1,939 -40 1,317 3,296 2,621
HAE ---1,005 1,005 799
HAIE ---925 925 736
Kefico Automotive Systems(Beijing)
Co. Ltd. (*1) -725 (37) (93) 595 473
Autoever Systems Europe GmbH 1,745 - - (1,745) - -
Autoever Systems China Co., Ltd. 614 -126 286 1,026 815
Autoever Systems India Pvt. Ltd. 1,086 -(100) 103 1,089 866
HAA ---450 450 358
MAINTRANCE -400 173 -573 456
South Link9 -200 512 -712 566
Rotem Equipments (Beijing) Co., Ltd. - - (123) 461 338 269
Eukor Car Carriers Singapore Pte. 5 - - - 5 4
Hyundai Rotem Automotive - 3 80 386 68
￦
2,035,078
￦
85,345
￦
356,972
￦
224,941
￦
2,702,336 $2,148,975
Korean Won In millions
U.S. Dollars (Note 2)
In thousands
(*) Other changes consist of the decrease by
￦
63,242 million (US$50,292 thousand) due to receipt of dividends, decrease of retained earnings by
￦
417 million (US$332
thousand), increase of accumulated other comprehensive income by
￦
367,732 million (US$292,431 thousand) and decrease of
￦
79,132 million (US$62,928
thousand) due to changes of consolidated subsidiaries.