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A wAy to Modern PreMiuM | AnnuAl rePort 2010
www.facebook.com/discoverhyundai
www.youtube.com/discoverhyundai
Hyundai Motor Company
www.hyundai.com
Annual Report 1106 English. ID-KM
Copyright © 2011 Hyundai Motor Company. All Rights Reserved.
People’s expectation toward individual mobility requires more than just a convenient means of transportation. The old understanding
of cars has become outdated. A car represents individuals’ lifestyles, and it became an integral part of their lives. At the same
time, the automobile industry has experienced seismic change. Hyundai Motor Company has grown rapidly to become one of the
largest automakers, backed by world class production capability and superior quality. We have now reached a point where we need
a qualitative approach to bring bigger ideas and relevant solutions to our customers. This is an opportunity to move forward and we
have developed a new brand slogan that encapsulates our willingness to take a big leap. Led by our new slogan and the new thinking
underlying it, we will become a company that keeps challenging itself to unlock new possibilities for people and the planet.
A wAy to
Modern PreMiuM
AnnuAl rePort 2010

Table of contents

  • Page 1
    ... seismic change. Hyundai Motor Company has grown rapidly to become one of the largest automakers, backed by world class production capability and superior quality. We have now reached a point where we need a qualitative approach to bring bigger ideas and relevant solutions to our customers. This is...

  • Page 2
    ... 030 hanagement performance Awards Quality/service management History 032 NeW creatiVe is...034 Hyundai concept car 036 Innovative technology 038 Hyundai design philosophy 042 NeW GloBalizatioN is...044 Global network & marketing 046 Global R&D network 048 Global production system 050 056 NeW...

  • Page 3
    tHe NeW BeGiNNiNG oF "moderN premium" One small new idea breaks the old paradigm. One little technology gives birth to a newer, fresher feeling. The "modern premium" of Hyundai Motor Company begins now, using a new vision and new technologies to create the most contemporary and idealistic values.

  • Page 4
    New ideas create new values Hyundai's innovation will bring the new values and experiences desired by the customers of today to yet more customers, through its new thinking about customers and cars. NeW tHiNkiNG. NeW possiBilities.

  • Page 5
    tecHNoloGy WitHiN art Hyundai Motor Company, which keeps a close eye on the needs of our modern world, has embarked on a new direction with "Modern Premium. " This new concept of "premium" that Hyundai is pursuing stands for highly finished quality and flawless technical perfection, providing ...

  • Page 6
    ... thinking about design with a new vision of the world An aesthetic of natural liveliness, smoothness and flow; a living sculptural art born from artistic style. The "fluidic sculpture" is a design aesthetic unique to Hyundai. It is intensely innovative and seeks smooth interaction with the customers...

  • Page 7
    ... 5,000 14.9% Europe 0 15,686 Korea North America Europe Other Regions 2006 2007 2008 2009 2010 * Local sales of Hyundai & Kia Motors: excluding CKD sales * Domestic plant sales 102,324,934 28,961,660 118,077,818 36,735,601 103,677,073 32,255,335 Average Sales Price Vehicle production...

  • Page 8
    ... endless challenge are the only strategy for corporate survival. 015 sales headquarters in each country worldwide. To this end, we will construct an advanced management system and spread a creative global organizational culture that prioritizes customers and talent in all departments. Additionally...

  • Page 9
    ... and India, emerging as new volume zones for the auto market, exceeded 700,000 and 600,000 units in sales respectively, owing to the launch of strategic models and new cars. In addition, the new Sonata and Tucson (badged as Tucson ix or ix35 in some regions), launched early last year received great...

  • Page 10
    ... our visions by constructing an advanced culture suited to the image of a global corporation. Customer First By providing top quality and service, we will make the customer's wishes a reality, with the customer at the center of all value. steel loGistics coNstructioN Challenging performance We...

  • Page 11
    ...Hyundai Motor Company seek to share our premium value with yet more people. We will create new possibilities to benefit the world and its people by endlessly developing such ideas. To our customers Hyundai's new thinking seeks to uplift our customers' quality of life in continuous pursuit of better...

  • Page 12
    NeW proGress is...Hyundai Motor Company passionately takes on new challenges to be the world's best. The company will grow into an unrivaled brand by delivering nothing but the very best customer satisfaction and technological prowess.

  • Page 13
    ... leading global firm creating continuous value. Tau engine awarded "Top 10 engine" again. And again For the third straight year, U.S. auto publication Ward's Auto World picked Hyundai's Tau engine as one of the industry's 10 Best Engines. The current Tau is a direct-injection engine with a 5,000 cc...

  • Page 14
    ... by Auto Pacific / U.S. acceNt + 2010 First place among small cars in Initial Quality Study (IQS) by J.D. Power / U.S. i20 + 2010 Selected as Australia's "Best Car" / Australia + 2008 Achieved maximum five star rating in safety by European New Car Assessment Program (EuroNCAP) / EU tucsoN (ix35...

  • Page 15
    ... works to become a most-wanted brand through expansion of its top quality image. Service management, perfection with detailed interest and concern Our "before-service" program, offered worldwide, goes looking for the customer before the customer comes looking for us. In addition, Hyundai operates...

  • Page 16
    ... as Australia's "Best Car of the Year" + First Korean "Global CSR website" opened + Awarded president's medal by Korean government for environmental management + 2008 Begin sales of Genesis, Genesis Coupe, i30cw + Hyundai Beijing breaks one million total sales in record short time + First public...

  • Page 17
    NeW creatiVe is...The world can be changed even by a small difference in thinking that departs from established paradigms. New ideas are the engine that propels us into the future.

  • Page 18
    ...Hyundai's eco-friendly "blue-drive" development strategy, at the 2009 New York hotor Show; in 2011 at Detroit, the small CUV concept car Curb (HCD-XII) turned heads at its debut. 2009 ix-onic (Europe) 2009 Blue-Will (Europe) HND Series: A preview of the dream car The Namyang design center, the base...

  • Page 19
    ... Hyundai is being reborn with technology that eliminates the old barriers around the automobile. Hyundai stands at the very center of the cutting-edge technologies that are moving the global automotive market. tau 4.6 V8 eNGiNe Year of first large-scale mass production: 2008 Used in model: Genesis...

  • Page 20
    ... to provide the customer with artistic value in order to provide the satisfaction and experience of beauty that goes beyond merely owning a car. Veloster EXPECT THE UNEXPECTED elaNtra CREATING A NEW RULE ceNteNNial PROGRESS TOWARD INTEGRITY tucsoN(ix35) LIVE OUTSIDE THE BOX i40 NEW POSSIBILITY...

  • Page 21
    ... GeNesis coupe INTELLIGENT LUXURY / MUSCLE IN MOVEMENT acceNt UNCOMPROMISING COMPACT Hyundai has developed novel ideas that transcend the boundaries of automotive We design through constant modeling research to perfect the design aesthetic of "fluidic sculpture, " a car that is like a natural work...

  • Page 22
    ...GloBalizatioN is...Hyundai respects the differences in living environment, history and culture around the world. Hyundai moves toward a kind of globalization that satisfies customer desire by providing quality and service that match the characteristics of customers in each region and for each model...

  • Page 23
    ...new model. â†' World Cup Fan Park event â†- Detroit Motor Show new car debut ← South Africa World Cup trial event â†' Paris Motor Show ix20 new car launch â†- Seoul Plaza World Cup support event A global sales network Hyundai introduces a diverse product lineup with world-class competitiveness to...

  • Page 24
    ... to customers around the world. â†' Mockup of product interior â†- Mockup of concept-car exterior â†' Power train test ← Interior rendering â†" California proving ground Technical Research Centers, the base camp for global leadership + Technical research center in Namyang, Korea + Hyundai...

  • Page 25
    ... from R&D to testing, manufacturing and sales. A second factory was built in 2008, raising annual capacity to 600,000 cars per year, and India has become the production base for the i10, the first model exclusively made for overseas markets. The i10 is exported to 120 countries. In 2010, 600,480...

  • Page 26
    NeW By thinking more of "we" than "me, " and "tomorrow" than "today, " the world becomes a great deal more beautiful. Hyundai will, together, create the hope of a tomorrow that will be brighter than yesterday. relatioNsHip is...

  • Page 27
    ... system constructed (Key parts produced in Korea) 3rd staGe (2010~) + Model diversification (expansion of exports) Basic technology research 2012 Small-scale production of fuel-cell vehicles 2011 Test distribution in 1995 HEV First concept car developed 2005 Verna HEV test-drive 2009 Elantra...

  • Page 28
    ... within Korea, the largest blood collection for a single workplace was achieved. The "Global White Band Campaign" held on International Eradication of Poverty Day (October 17) is expanding in participation each year. In 2010, we led the way in awareness-raising for poverty eradication through events...

  • Page 29
    NeW GroWtH is...Hyundai Motor Company is committed to securing key capabilities for future growth into the next ten years and beyond.

  • Page 30
    ...adopting International Financial Reporting Standards(IFRS) Original draft passed http://worldwide.hyundai.com/worldwide_index.html) or Financial Supervisory Service (FSS) Data Analysis, Retrieval and Transfer System (http://dart.fss.co.kr) for more details. * Detailed information on directors can...

  • Page 31
    ... Financial Statements for the years ended Meetings 1st Regular Date Jan 28 2010 Agenda •Review of original draft of various social service plans for year of 2010 •Review of transaction with company featuring same major shareholder •Review of financial transactions with affiliated financial...

  • Page 32
    ... Securities Bldg. 23-5 Yoido-dong, Youngdeungpo-gu, Seoul 150-717 , Korea www.deloittekorea.co.kr coNsolidated statemeNts oF FiNaNcial positioN December 31, 2010 and 2009 Hyundai hotor Company [in millions of KRW] [in thousands of US$] To the Shareholders and Board of Directors of Hyundai Motor...

  • Page 33
    coNsolidated statemeNts oF FiNaNcial positioN December 31, 2010 and 2009 Hyundai Motor Company [in millions of KRW] [in thousands of US$] Hyundai Motor Company [in millions of KRW] [in thousands of US$] LIABILITIES AND SHAREHOLDERS' EQUITY Curreut liabilities: Trade notes and accounts ...

  • Page 34
    ... statemeNts oF iNcome For tHe years eNded December 31, 2010 and 2009 Hyundai Motor Company [in millions, except per share amounts of KRW] [in thousands, except per share amounts of US$] Hyundai Motor Company [in millions, except per share amountsof KRW] [in thousands, except per share...

  • Page 35
    coNsolidated statemeNts oF cHaNGes iN sHareHolders' eQuity December 31, 2010 and 2009 Hyundai Motor Company [in millions of KRW] [in thousands of US$] Hyundai Motor Company [in millions of KRW] [in thousands of US$] ￦ Accumulated other Capital comprehensive adjustments income $ (Note 2)...

  • Page 36
    coNsolidated statemeNts oF casH FloWs For tHe years eNded December 31, 2010 and 2009 Hyundai Motor Company [in millions of KRW] [in thousands of US$] Hyundai Motor Company [in millions of KRW] [in thousands of US$] 2010 Cash floWs froM oPeratiuG aCtiVities: Net income Adjustments to ...

  • Page 37
    ... statemeNts oF casH FloWs For tHe years eNded December 31, 2010 and 2009 Hyundai Motor Company [in millions of KRW] [in thousands of US$] Hyundai Motor Company [in millions of KRW] [in thousands of US$] 2010 Cash outflows from investing activities: Purchase of short-term financial...

  • Page 38
    ... of business business Korean Won in millions (*1) U.S. Dollars in thousands (Note 2) Shares (*2) Percentage ownership (*2) Indirect ownership (*2) Hyundai Motor America (HMA) Hyundai Capital America (HCA) Sales Financing Manufacturing Sales Insurance Marketing Information technology Managing...

  • Page 39
    ... Motors Manufacturing Georgia, Inc. (KMMG) Kia Motors Europe GmbH (KME) Nature of business business Investment Sales Manufacturing Sales Manufacturing " R&D Real estate development " Sales R&D Sales Managing subsidiaries Korean Won in millions (*1) U.S. Dollars in thousands (Note 2) Shares...

  • Page 40
    ... Automotive Parts (WAP) Hyundai WIA Motor Dies (Shandong) Company Hyundai-Kia Machine Europe GmbH (HKME) Nature of business business Manufacturing Korean Won in millions (*1) U.S. Dollars in thousands (Note 2) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Shares (*2) 250,000 700,000 1,000...

  • Page 41
    ... to present the total net income (loss) of the subsidiaries as a line item in the consolidated statement of income. When translating the financial statements of the affiliates operating overseas, the Company applies the foreign exchange rate at the end date of the investor's reporting period to the...

  • Page 42
    ... to coNsolidated FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 Investments in Securities Other Than Those Accounted for Using the Equity Method Classification of Securities At acquisition, the Company classifies securities into one of the three categories; trading, held-to...

  • Page 43
    ... financial statements at the exchange rates prevailing at the end dates of the reporting periods. The balances have been translated using the Base Rate announced by Seoul Money Brokerage Services, Ltd., which is ￦1,138.9 and ￦1,167 .6 to US$1.00 at December 31, 2010 and 2009, respectively...

  • Page 44
    ... adding back the after-tax amount of expenses related to diluted securities, by weighted average number of common shares and diluted securities outstanding during the period. Basic earnings per common share for the year ended December 31, 2010 and 2009 are computed as follows: Hyundai Motor Company...

  • Page 45
    ... long-term investment securities as of December 31, 2010 and 2009 consist of the following: Hyundai Motor Company [in millions of KRW] [in thousands of US$] NICE Holdings Co., Ltd. ENOVA System Korea Environment Technology Co., Ltd. Seoul Metro Line Nine Corporation(*2) Mexico Boleo (KBC) $ (Note...

  • Page 46
    ... to coNsolidated FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 Hyundai Motor Company [in millions of KRW] [in thousands of US$] December 31 2010 Name of company Jeonbuk Hyundai Motors FC Co., Ltd. (*1) Micro Infinity Co., Ltd. Hyundai WIA Trade Corporation (*1) NGV Tech...

  • Page 47
    .... Dymos Fabricacao DE AUTO PECAS BRASIL LTDA (*1) Yan Ji Kia Motors A/S (*1) Hyundai Capital Germany GmbH (*1) Hyundai Capital Europe GmbH (*1) Autoever Systems Europe GmbH (*1) Hyundai Motor Japan R&D Center Inc. (*1) Autoever Systems China Co., Ltd. (*1) Autoever Systems India Pvt. Ltd. (*1) South...

  • Page 48
    ... Company Limited (*1) Hyundai Motor Hungary (HMH) (*2) Autoever Systems America, Inc. (*1) KEFICO Automotive Systems (Beijing) Co., Ltd. (*1) Beijing Lear Dymos Automotive Systems Co., Ltd. Yan Ji Kia Motors A/S (*1) Hyundai Capital Germany GmbH Hyundai Motor Japan R&D Center Inc. (*1) Autoever...

  • Page 49
    ... (continued) Affiliated company Dymos Fabricacao DE AUTO PECAS BRASIL LTDA Yan Ji Kia Motors A/S Hyundai Capital Germany GmbH Hyundai Capital Europe GmbH Autoever Systems Europe GmbH Hyundai Motor Japan R&D Center Inc. Autoever Systems China Co., Ltd. Autoever Systems India Pvt. Ltd. South Link9...

  • Page 50
    ... Company Limited Hyundai Motor Hungary (HMH) Autoever Systems America, Inc. KEFICO Automotive Systems (Beijing) Co., Ltd. Beijing Lear Dymos Automotive Systems Co., Ltd. Yan Ji Kia Motors A/S Hyundai Capital Germany GmbH Hyundai Motor Japan R&D Center Inc. Autoever Systems China Co., Ltd. Autoever...

  • Page 51
    ...15,224 (continued) Affiliated company Dymos Fabricacao DE AUTO PECAS BRASIL LTDA Hyundai Capital Germany GmbH Hyundai Capital Europe GmbH Autoever Systems Europe GmbH Hyundai Motor Japan R&D Center Inc. Autoever Systems China Co., Ltd. Autoever Systems India Pvt. Ltd. South Link9 Rotem Equipments...

  • Page 52
    ... FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 (6)The market price of listed equity securities as of December 31, 2010 is as follows: Hyundai Motor Company [in millions of KRW] [in thousands of US$] 9.PROPERTY, PLANT AND EQUIPMENT: ￦ $ (Note 2) Market value 2,260...

  • Page 53
    ... FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 The changes in property, plant and equipment for the year ended December 31, 2009 are as follows: Hyundai Motor Company [in millions of KRW] [in thousands of US$] The changes in intangibles for the year ended December 31, 2010...

  • Page 54
    ... 2010 2009 Hyundai Capital Services Inc., Hyundai Card Co., Ltd., Hyundai Commercial Inc., HMC win win fund, Hyundai Capital America (HCA) and Hyundai Auto Canada Captive Insurance Incorporation (HACCI), are the Company's subsidiaries in financial and insurance services industry for the years ended...

  • Page 55
    Notes to coNsolidated FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 15. LONG-TERM DEBT AND DEBENTURES: Long-term debt and debentures as of December 31, 2010 and 2009 consist of the following: Hyundai Motor Company [in millions of KRW] [in thousands of US$] Debentures as of ...

  • Page 56
    ...coNsolidated FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 Details of bonds with warrants as of December 31, 2010 and 2009 are as follows: Description Issuing Company Type of bond 2010 Kia Motors Corporation Non-guaranteed bond with stock warrant (separable) ￦400,000 million...

  • Page 57
    ...): Income tax expense for the year ended December 31, 2010 and 2009 consists of the following: Hyundai Motor Company [in millions of KRW] [in thousands of US$] Description Net income Other comprehensive income (loss): Gain on valuation of available-for-sale securities, net of deferred tax effect...

  • Page 58
    Notes to coNsolidated FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 The components of accumulated temporary differences and deferred tax assets (liabilities) as of December 31, 2010 are as follows: Hyundai Motor Company [in millions of KRW] [in thousands of US$] The ...

  • Page 59
    Notes to coNsolidated FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 20. CAPITAL STOCK: Capital stock as of December 31, 2010 and 2009 consists of the following: Hyundai Motor Company [in millions of KRW] [in thousands of US$] 22. ACCUMULATED OTHER COMPREHENSIVE INCOME: ...

  • Page 60
    ... FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 24. ELIMINATION OF UNREALIZED PROFITS AND LOSSES: Unrealized profits and losses related to sales of inventories and property, plant and equipment for the year ended December 31, 2010 are as follows: Hyundai Motor Company...

  • Page 61
    ...Hyundai Dymos Inc. Hyundai Card Co., Ltd. Autoever Systems Corp. KEFICO Corporation Haevichi Hotel & Resort Co.,Ltd. Partecs Company, Ltd. Haevichi Country Club Co., Ltd. Hyundai Commercial Inc. 2010 Company's receivable Company's payable ￦ 2009 Company's receivable Company's payable 2010 Company...

  • Page 62
    ... Kia Motor Co.,Ltd. Hyundai Capital Services Inc. Kia Motors Manufacturing Georgia,Inc. Kia Motors New Zealand Limited Hyundai Motor Manufacturing Czech, s.r.o. Autoever Systems Corp. Hyundai WIA Corporation Hyundai Auto Canada Hyundai Powertech Co., Ltd. Hyundai Motor India Limited Hyundai Card...

  • Page 63
    .... Hyundai Card Co., Ltd. Kia Motors Corporation Hyundai Capital Services Inc. Autoever Systems Corp. 125 Hyundai Dymos Inc. Hyundai Rotem Company Hyundai-Kia Machine Europe GmbH Hyundai Hysco Co., Ltd Hyundai Motor India Limited Hyundai Wia Motor Dies (Shandong) Company Hyundai Motor Manufacturing...

  • Page 64
    ...Company Hyundai WIA Corporation Hyundai Motor India Limited Hyundai Capital America Hyundai Information Service North America Kia Motors America Inc. Hyundai Motor Manufacturing Alabama, LLC Innocean Worldwide Americas, LLC Hyundai Motor Manufacturing Alabama, LLC Hyundai Motor America Hyundai Auto...

  • Page 65
    ... A.S. Hyundai Motor Europe GmbH Hyundai Motor UK Ltd. Kia Motors America Inc. Kia Motors America Inc. Kia Motors Corporation Hyundai America Technical Center Inc. Hyundai Information Service North America Hyundai Capital America 129 Hyundai Motor India Limited Hyundai Motor UK Ltd. Hyundai Motor...

  • Page 66
    ... Motor Co., Ltd. Hyundai Capital Services Inc. Kia Motors Manufacturing Georgia, Inc. Kia Motors New Zealand Limited Hyundai Motor Manufacturing Czech, s.r.o. Autoever Systems Corp. Hyundai WIA Corporation Hyundai Auto Canada Corp. Hyundai Powertech Co., Ltd. Hyundai Motor India Limited Hyundai Card...

  • Page 67
    ... Motors Corporation Hyundai Card Co., Ltd. Hyundai Capital Services Inc. Hyundai WIA Corporation Hyundai Hysco Co., Ltd Hyundai Information Service North America, LLC Hyundai Rotem Company Hyundai Motor India Limited Hyundai Powertech Co., Ltd. Hyundai Motor Manufacturing Czech, s.r.o. Hyundai Dymos...

  • Page 68
    ... Systems Corp. Kia Motors Corporation Hyundai America Technical Center Inc. Hyundai Motor America Kia Motors Corporation Hyundai America Technical Center Inc. Kia Motors Corporation Hyundai Capital America Hyundai Information Service North America Kia Motors America Inc. Hyundai Motor Manufacturing...

  • Page 69
    ... Otomotiv Sanayi Ve Ticaret A.S. Hyundai Motor Manufacturing Rus LLC Hyundai Hysco Czech s.r.o. Hyundai Motor Europe GmbH Hyundai Motor UK Ltd. Kia Motors America Inc. Kia Motors Corporation Hyundai America Technical Center Inc. Hyundai Information Service North America Hyundai Capital America 137

  • Page 70
    ... FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 Hyundai Motor Company [in millions of KRW] [in thousands of US$] 2010 Subsidiaries Hyundai Motor India Limited Kia Motors Europe GmbH Counterpart subsidiaries Hyundai Motor Manufacturing Rus LLC Kia Motors UK Ltd. Kia Motors...

  • Page 71
    ... Co., Ltd. Glovis Co., Ltd. Automobile Industrial Ace Co., Ltd. Eukor Car Carriers Inc. Hyundai AMCO Co., Ltd. Hyundai Steel Company Donghui Auto Co., Ltd. Hyundai Wisco Co., Ltd. Innocean Worldwide, Inc. TRW Steering Co., Ltd. ￦ Sales/ revenues ￦ 2009 Purchases/ expenses 2,659,840 $ 1,002,196...

  • Page 72
    Notes to coNsolidated FiNaNcial statemeNts For tHe years eNded December 31, 2010 and 2009 (2) As of December 31, 2010, significant balances related to the transactions other than the consolidated subsidiaries are as follows: Hyundai Motor Company [in millions of KRW] [in thousands of US$] As of ...

  • Page 73
    ... Card Co., Ltd . Hyundai Motor America Hyundai Motor Manufacturing Alabama, LLC Hyundai Capital America Hyundai Motor India Hyundai Motor Europe GmbH Hyundai Motor Europe Technical Center GmbH Hyundai Motor Manufacturing Rus LLC Hyundai Motor Manufacturing Czech, s.r.o. Hyundai Motor UK Limited...

  • Page 74
    ... banks concerned as of December 31, 2010. These guarantees also covered by customer insurance contracts and the Company's insurance policies. (5) The Company signed lease financial agreements with Hyundai Commercial Inc. and Hyundai Capital Services, Inc. to promote sales of buses. According to the...

  • Page 75
    ...Financial Cooperative Korea Defense Industry Association Seoul Guarantee Insurance Company Autoever Systems Corporation Seoul Guarantee Insurance Company Korea Software Financial Cooperative M & Soft Co., Ltd. Hyundai Capital Services, Inc. Seoul Guarantee Insurance Company Seoul Guarantee Insurance...

  • Page 76
    ... statemeNts For tHe years eNded December 31, 2010 and 2009 (11) Hyundai Capital Services, Inc. made a Revolving Credit Facility Agreement with the following financial institutions for credit line: Hyundai Motor Company 29. DERIVATIVE INSTRUMENTS: (1) The Company enters into derivative contracts...

  • Page 77
    ... of December 31, 2010 and 2009, consolidated statements of income for the years then ended, by industry under which the Company and its subsidiaries' business are classified, are as follows: Consolidated Statements of Financial Position as of December 31, 2009 Hyundai Motor Company [in millions of...

  • Page 78
    ... sales Operating income Total assets Domestic Results of operations and total assets, by region where the Company and its subsidiaries for the year ended and as of December 31, 2010 are located, are as follows: Hyundai Motor Company [in millions of KRW] Non-financial industry Sales Cost of sales...

  • Page 79
    ...EVENTS AFTER THE REPORTING PERIOD: (1) Acquisition of Hyundai Engineering & Construction Co., Ltd On March 8, 2011, Hyundai Motor Company Group consortium including the Company signed a share purchase agreement with the creditors of Hyundai Engineering & Construction Co., Ltd. (2) Listing the shares...

  • Page 80
    .... (*), Hyundai Dymos Inc(*)., Hyundai WIA Corporation(*), KEFICO Corporation(*), Hyundai Powertech Co., Ltd(*)., Autoever Systems Corp., Hyundai Commercial Inc., M & Soft Co., Ltd., Haevichi Country Club Co., Ltd., HMC Win Win Fund, Innocean Worldwide Americas, LLC, Hyundai Information Service North...

  • Page 81
    ... assembly plants Research centers Local headquarters Other *As of December 2010 Hyundai Motor Manufacturing Alabama (HMMA) Hyundai Auto Canada (HAC) Hyundai America Technical Center Inc. (HATCI) Beijing Hyundai Motor Company (BHMC) China CKD assembly facility Beijing Jingxian motor safeguard service...

  • Page 82
    product liNeup Hyundai Motor Company is determined to provide opportunities and joy by making the best cars in the history of the global automotive industry. We introduce the lead players who will accelerate Hyundai's development in 2011. ceNteNNial GeNesis Veracruz saNta Fe GeNesis coupe ...

  • Page 83

  • Page 84
    Hyundai is being reborn with new ideas for giving our customers happiness and satisfaction. We will not rest until the world believes "Hyundai" is synonymous with "New premium value. "