Hyundai 2010 Annual Report Download - page 57

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19. INCOME TAX EXPENSE AND DEFERRED INCOME TAX ASSETS (LIABILITIES):
Income tax expense for the year ended December 31, 2010 and 2009 consists of the following:
￦$ (Note 2)
Description 2010 2009 2010 2009
Income tax currently payable ￦ 1,761,734 ￦ 1,053,257 $ 1,546,873 $ 924,802
Changes in deferred taxes due to:
Temporary differences 791,248 433,351 694,748 380,500
Carry forward of unused tax credits 99,354 326 87,237 286
Change in consolidated subsidiaries - 13,537 - 11,886
Deferred tax charged or credited to equity (142,783) 27,735 (125,369) 24,352
Income tax charged or credited to equity (40,359) (10,930) (35,437) (9,597)
Income tax expense ￦ 2,469,194 ￦ 1,517,276 $ 2,168,052 $ 1,332,229
18. STATEMENTS OF COMPREHENSIVE INCOME:
Statements of comprehensive income as of December 31, 2010 and 2009 consist of the following:
￦$ (Note 2)
Description 2010 2009 2010 2009
Net income ￦ 7,982,924 ￦ 4,043,436 $ 7,009,328 $ 3,550,299
Other comprehensive income (loss):
Gain on valuation of available-for-sale
securities, net of deferred tax effect
￦144,671 million and ￦1,713 million
in 2010 and 2009, respectively. 512,926 6,074 450,370 5,333
Gain (loss) on valuation of investment
securities accounted for using the equity
method, net of deferred tax effect
￦18,481 million and ￦21,976 million
in 2010 and 2009, respectively. (65,524) 90,975 (57,533) 79,880
Gain on valuation of derivatives, net of
deferred tax effect ￦23,812 million and
￦81,554 million in 2010 and 2009, respectively. 83,789 281,861 73,570 247,485
Loss on overseas operation translation, net
of deferred tax effect ￦8,832 million
and ￦136,782 million in 2010 and 2009, respectively. (31,309) (466,046) (27,490) (409,207)
Comprehensive income ￦ 8,482,806 ￦ 3,956,300 $ 7,448,245 $ 3,473,790
Equity holders of the parent ￦ 5,926,515 ￦ 2,861,134 $ 5,203,719 $ 2,512,191
Minority interests 2,556,291 1,095,166 2,244,526 961,599
￦ 8,482,806 ￦ 3,956,300 $ 7,448,245 $ 3,473,790
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[in millions of KRW]Hyundai Motor Company [in thousands of US$]

December 31, 2010 and 2009
[in millions of KRW]Hyundai Motor Company [in thousands of US$]