Hyundai 2009 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2009 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 73

  • 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
  • 72
  • 73

Subsidiaries
Nature of
business
Korean Won
(*1)
in millions
U.S. Dollars
(Note 2)
in thousands Shares (*2)
Percentage
ownership (*2)
Indirect
ownership (*2)
DOMESTIC SUBSIDIARIES:
Kia Motors Corporation Manufacturing ￦ 6,371,572 $ 5,456,982 134,285,491 34.58%
Hyundai Capital Services, Inc. Financing 2,155,730 1,846,292 56,083,743 56.47%
Hyundai Card Co., Ltd. Credit card 1,483,249 1,270,340 77,724,079 48.44%
KIA 11.48% &
Hyundai
Commercial
5.44%
Hyundai HYSCO Manufacturing 1,075,155 920,825 32,108,868 40.04% KIA 13.91%
Hyundai WIA Corporation ”665,348 569,842 17,120,611 78.79% KIA 39.33%
Hyundai Rotem Company ”615,192 526,886 36,852,432 57.64%
Hyundai Powertech Co., Ltd. ”463,780 397,208 53,945,300 75.16% KIA 37.58%
Dymos Inc. ”298,787 255,898 29,335,805 97.76%
KIA 45.37% &
Hyundai WIA
5.12%
KEFICO Corporation ”272,115 233,055 1,670,000 50.00%
Hyundai Commercial Inc. Financing 108,847 93,223 10,000,000 50.00%
Autoever Systems Corporation
Information
technology 106,956 91,603 499,000 49.90% KIA 20%
Green Air Co., Ltd. Manufacturing 82,593 70,737 8,446,365 51.00%
Hyundai Rotem
51%
Partecs Company, Ltd. ”45,364 38,852 6,960,000 87.00% KIA 31%
M & Soft Co., Ltd.
Software
consultancy
and supply 41,766 35,771 1,319,577 31.84%
Shareholders’ equity as of December 31, 2009
1. GENERAL INFORMATION:
The Company
Hyundai Motor Company (the “Company”) was incorporated in 1967, under the laws of the Republic of Korea, to manufacture and distribute motor vehicles and parts.
The Company owns and operates three principal automobile production bases in Korea: the Ulsan factory, the Asan factory and the Jeonju factory. In addition, the Company
has invested in seven overseas manufacturing plants including Hyundai Motor Manufacturing Alabama, LLC (HMMA) as well as seventeen overseas sales and R&D
subsidiaries including Hyundai Motor America (HMA).
The shares of the Company have been listed on the Korea Exchange since 1974 and the Global Depositary Receipts issued by the Company have been listed on the London
Stock Exchange and Luxemburg Stock Exchange.
As of December 31, 2009, the major shareholders of the Company are Hyundai MOBIS (20.78%) and Chung, Mong Koo (5.17%).
Consolidated Subsidiaries
The consolidated financial statements include the accounts of the Company and its consolidated domestic and foreign subsidiaries over which the Company has substantial
control and whose individual beginning balance of total assets or paid-in capital at the date of its establishment is more than ￦10,000 million (US$8,565 thousand). The
consolidated subsidiaries as of December 31, 2009 are as follows:
HYUNDAI MOTOR COMPANY I 2010 ANNUAL REPORT I 75HYUNDAI MOTOR COMPANY I 2010 ANNUAL REPORT I 74
HYUNDAI MOTOR COMPANY
>>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
HYUNDAI MOTOR COMPANY
>>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
Subsidiaries
Nature of
business
Korean Won
(*1)
in millions
U.S. Dollars
(Note 2)
in thousands Shares (*2)
Percentage
ownership (*2)
Indirect
ownership (*2)
DOMESTIC SUBSIDIARIES:
METIA Co., Ltd. Manufacturing ￦ 39,068 $ 33,460 2,983,880 99.47%
Hyundai WIA 50.94
& Dymos 48.53%
Mseat Co., Ltd. ”33,031 28,290 998,140 99.81%
Dymos 99.81%
HMC win win fund
Investment
association 31,011 26,560 4,800,000 80.00%
KIA 20%
Automobile Industrial Ace Corporation Manufacturing 4,003 3,428 3,116,662 100.00%
Hyundai WIA 100%
Haevichi Hotel & Resort Co., Ltd. Hotel operation (15,810) (13,541) 2,015,000 65.00%
KIA 40% &
Hyundai WIA 25%
Haevichi Country Club Co., Ltd.
Golf Course
operation (37,857) (32,423) 1,350,000 45.00% KIA 15%
FOREIGN SUBSIDIARIES:
Hyundai Motor America (HMA) Sales 1,994,155 1,707,909 - 100.00%
Hyundai Capital America (HCA)
(Formerly, HMFC) Financing 1,010,002 865,024 750 100.00%
HMA 93.4% &
KMA 6.6%
Hyundai Motor Manufacturing
Alabama, LLC (HMMA) Manufacturing 868,036 743,436 - 100.00% HMA 100%
Hyundai Auto Canada Corp. (HAC) Sales 243,402 208,464 - 100.00% HMA 100%
Hyundai Auto Canada Captive
Insurance Incorporation (HACCI) Insurance 6,031 5,165 100 100.00% HAC 100%
Innocean Worldwide Americas, LLC (IWA)
(Formerly, WMG) Marketing 8,221 7,041 - 60.00%
HMA 30% &
KMA 30%
Hyundai Information Service North
America (HISNA)
Information
technology 7,711 6,604 - 60.00%
HMA 30% &
KMA 30%
Stampted Metal America Research
Technology Inc. (SMARTI)
Managing
subsidiaries (9,258) (7,929) 18,542,284 72.45% HMA 72.45%
Stampted Metal America Research
Technology LLC Manufacturing (9,258) (7,929) - 100.00% SMARTI 100%
Hyundai Motor India (HMI) ”826,269 707,664 8,125,411 100.00%
Hyundai Motor India Engineering
Private Ltd. (HMIE) R&D 30,011 25,703 - 100.00% HMI 100%
Hyundai Motor Manufacturing
Czech,s.r.o. (HMMC) Manufacturing 596,724 511,069 - 100.00%
Hyundai Motor Manufacturing
Rus LLC (HMMR) ”203,414 174,215 - 100.00%
Hyundai Assan Otomotive Sanayi Ve
Ticaret A.S. (HAOSVT) ”127,213 108,953 381,550,302 85.03%
Hyundai Translead, Inc. (HT) Sales 111,759 95,717 1,160,000 100.00%
Hyundai de Mexico, S.A. de C.V. (HYMEX) Manufacturing 111,759 95,717 9,999 99.99% HT 99.99%
Hyundai Motor Company Australia
(HMCA) Sales 90,889 77,843 - 100.00%
Hyundai Motor Espana.S.L (HMES) ”81,419 69,732 - 100.00%
Shareholders’ equity as of December 31, 2009