Hyundai 2008 Annual Report Download - page 52

Debentures as of December 31, 2008 and 2007 consist of the following:
The maturity of long-term debt and debentures as of December 31, 2008 is as follows:
(*1) 11th subordinated bonds issued by Hyundai Card Co., Ltd., Face value:
￦
300,000 million($238,569 thousand),
Conversion period: Oct. 31, 2003~Dec. 31, 2008, Conversion price:
￦
8,831($7.02) per share,
Face value of
￦
1,785 million($1,419 thousand) and
￦
40,892 million($32,518 thousand) converted into 202,044 shares and 4,629,829 shares in 2008 and
2007, respectively.
(*2) Unsecured detachable bonds issued by Hyundai Card Co., Ltd., Face value:
￦
200,000 million($159,046 thousand),
Exercise period: Nov. 14, 2005~Apr. 30, 2009, 1,561,883 shares are issued as a result of exercise of warrants and unexercised warrants are equivalent to 19,077,381
shares as of December 31, 2008.
Description Debentures
Local currency
loans
Foreign currency
loans Total Total
2010
￦
6,943,122
￦
687,591
￦
2,182,638
￦
9,813,351 $7,803,858
2011 5,627,976 745,954 1,355,619 7,729,549 6,146,759
2012 700,000 152,415 784,595 1,637,010 1,301,797
Thereafter 30,000 467,067 2,588,040 3,085,107 2,453,365
13,301,098 2,053,027 6,910,892 22,265,017 17,705,779
Less discount on debentures 27,106 - - 27,106 21,556
￦
13,273,992
￦
2,053,027
￦
6,910,892
￦
22,237,911 $17,684,223
Description Maturity 2008 2008 2007 2008 2007
Domestic debentures:
Guaranteed debentures Jan. 26, 2009 ~
Nov. 21, 2011 5.41 ~ 9.90
￦
330,000
￦
373,000 $262,425 $296,620
Non-guaranteed debentures Jan. 10, 2009 ~
Mar. 18, 2018 3.73 ~ 8.98 18,271,684 14,446,512 14,530,166 11,488,280
Convertible bonds (*1) Jan. 31, 2009 4.00 92,369 94,153 73,455 74,873
Bonds with warrants (*2) Oct. 31, 2010 7.99 200,000 200,000 159,046 159,046
Overseas debentures Oct. 10, 2009 5.50 31,438 499,100 25,000 396,899
18,925,491 15,612,765 15,050,092 12,415,718
Less: discount on debentures 3,043 6,771 2,420 5,385
￦
18,928,534
￦
15,605,994 $15,052,512 $12,410,333
Korean Won In millions
Korean Won In millions
Annual
interest rate (%)
U.S. Dollars (Note 2)
In thousands
U.S. Dollars (Note 2) In thousands
HYUNDAI MOTOR COMPANY
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HYUNDAI MOTOR COMPANY
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HYUNDAI MOTOR COMPANY I 2008 AnnuAl RepoRt I HYUNDAI MOTOR COMPANY I 2008 AnnuAl RepoRt I 
16. PLEDGED ASSETS, CHECKS AND NOTES:
As of December 31, 2008, the following assets, checks and notes are pledged as collateral:
(1) The Company’s and its domestic subsidiaries’ property, plant and equipment are pledged as collateral for various loans to a maximum of
￦
6,788,058 million
(US$5,398,058 thousand).
(2) The Company’s and its domestic subsidiaries’ certain bank deposits and investment securities, including 29,713,466 shares of Kia Motors Corporation, and some
government bonds are pledged as collateral to financial institutions and others.
(3) Certain overseas subsidiaries’ receivables and other financial business assets are pledged as collateral for their borrowings.
(4) 42 blank checks, 1 check amounting to
￦
2,624 million (US$ 2,087 thousand), 216 blank promissory notes and 3 promissory notes amounting to
￦
12,917 million
(US$ 10,272 thousand) are pledged as collateral for short-term borrowings, long-term debt and other payables.
17. ACCRUED WARRANTIES:
The changes in accrued warranties in current and long-term liabilities in 2008 and 2007 are as follows:
18. CAPITAL STOCK:
Capital stock as of December 31, 2008 consists of the following:
Description 2008 2007 2008 2007
Beginning of year
￦
4,180,848
￦
4,165,854 $3,324,730 $3,312,806
Accrual 942,335 647,470 749,372 514,887
Use (628,380) (632,476) (499,706) (502,963)
End of year
￦
4,494,803
￦
4,180,848 $3,574,396 $3,324,730
Authorized Issued Par value
Korean Won
In millions
U.S. Dollars (Note 2)
In thousands
Common stock 450,000,000 shares 220,276,479 shares
￦
5,000
￦
1,157,982 $920,861
Preferred stock 150,000,000 shares 65,202,146 shares 5,000 331,011 263,229
￦
1,488,993 $1,184,090
Korean Won In millions U.S. Dollars (Note 2) In thousands