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Table of contents

  • Page 1
    HYunDAI MotoR CoMpAnY ANNUAl rEport 2012

  • Page 2
    ... 10 14 16 BluE WAVES IN tHE WoRlD HigH QuALiTy & seRviCe R&d neTWORks gLOBAL sALes gLOBAL PROduCTiOn sysTeM WORLdWide neTWORk gLOBAL MARkeTing CORPORATe sOCiAL ResPOnsiBiLiTy PROgRAMs 38 40 42 45 46 48 52 58 BluE WAVES IN HYuNDAI BesT vALue HigH PeRFORMAnCe engine BesT-seLLing CARs CARs LOved By...

  • Page 3
    Blue WAVeS, A neW BegInnIng Challenging preconceptions, overcoming purported limitations, and changing the minds of our customers. 'Making the best cars' is the cornerstone of Hyundai's belief. new thinking and sheer determination have opened up new possibilities. The fresh and energetic waves ...

  • Page 4
    ... through innovative thinking. the 'live brilliant' global campaign embodying the brand direction features moving stories about people's life experiences shared with Hyundai cars. Hyundai Motor Company will continue to strive to make the brand the most trusted and loved by customers worldwide.

  • Page 5
    ... 67 9 64 3 6, 51 600 9 4 1, 63 ,0 1,0 00 1,911 79 00,0 00 ,7 3 641 25,0 gloBA SAlES REVENuE FY 2012 SAlES REVENuE 84,469,721 400 361 303 225 27 br 4,410 thousand totAl l plANt opERAtIoN k-gAAp k-IFrs 20 08 86 75,0 00,0 00 az il r tu 20 09 ke y 10...

  • Page 6
    ...adopted korean International Financial reporting standards (k-IFrs) ** business results of bHMC is accounted in equity income accounting *** Net income includes non-controlling interest **** basic earnings per common share attributable to the owners of the parent Company SAlES BY REgIoN Korea North...

  • Page 7
    ... CeO In 2012, Hyundai Motor Company maintained growth and development despite an extremely competitive market environment, selling 4.41 million vehicles worldwide, an 8.6% increase from the previous year. Hyundai Motor will enhance our brand image, which will in turn lead to improved profitability...

  • Page 8
    ...of the korean won. strategic steps Thank you. you that we will do our best to maximize shareholder value and reward you for your support. in order to secure future growth, Hyundai Motor will increase investment in research and development in the field of eco-friendly cars and electronic controls. We...

  • Page 9
    ... corporate citizen. ConStRuCtIon pARtS FInAnCe new Vision for the Future: "lifetime partner in Automobiles and Beyond" Hyundai Motor group established a new vision, "Together for a better future," in order to fulfill its role and responsibility as a trusted global firm. Hyundai Motor Company...

  • Page 10
    ...of production and sales. Hyundai has been expanding its global network through the launches of the California design & Technical Research Centre (2002) and the europe Technical Research Centre (2003) as well as the u.s. Technical Centre and manufacturing plant in Alabama (2005). The development of...

  • Page 11
    ... opening to mass-manufacturing three models simultaneously in record time, Hyundai's new Brazil factory has been achieving notable success already with the strategic compact car model, HB20, winning the 'Car of the year, Brazil' award. DEVElopMENt oF HYDRogEN FuEl CEll CAR, tuCSoN ix Hyundai Motor...

  • Page 12
    20 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 21 to high performance engines, and chosen as 'Car of the Year' in various countries, working toward realizing the dream of zero Co 2 emissions. From outstanding values up to Hyundai's eco-friendly concept cars...

  • Page 13
    ...the Total value Awards (strategic vision) and the genesis winning the 'Top Picks' award in the mid-sized car segment (Consumer Reports) confirm the premium status of the Hyundai brand. in addition, the new santa Fe won the 'ALg Residual value Award' proving the high satisfaction level of the quality...

  • Page 14
    24 AnnuAL RePORT 2012 HIgH pERFoRMANCE ENgINE BLue WAves in HyundAi 25 1.6 gamma gDi Engine Max. power: 140 ps/6,300 rpm Average Heart rate of world Champion Marathoner: 38 beats/min Average speed of 100m sprint world record Holder: 10.43 metres/sec 1.6 gamma gDi Engine Max. torque: 17.1 kg...

  • Page 15
    26 AnnuAL RePORT 2012 BESt-SEllINg CARS BLue WAves in HyundAi 27 HyundAi eLAnTRA (AvAnTe) RACing TOWARd A MiLLiOn sALes in 2013, And HyundAi sOnATA, THe BesT-seLLing CusTOMeR FAvORiTe. SoNAtA topS VDS IN MID-SIzED CAR SEgMENt IN 2013 in 2013, J.d. Power awarded Hyundai sonata the top place in ...

  • Page 16
    ... Top safety Pick award, Azera has proven its steadfast quality and safety. tHE NEW SANtA FE, NoW WItH MoRE uRBAN CHARM The new santa Fe is the first model revamp from the original seven years ago. it has captured the hearts of the global customers with a new design reflecting the new Hyundai family...

  • Page 17
    30 AnnuAL RePORT 2012 StAtE-oF-tHE-ARt tECHNologIES BLue WAves in HyundAi 31 Average Number of Feathers: 900~25,000 pieces reduction in Aerodynamic Drag Coefficient state-of-the-art Airbags protecting against Full-frontal Collisions genesis' Aerodynamic Drag Coefficient: 0.27Cd seats with ...

  • Page 18
    ...in prestigious motor shows worldwide demonstrating Hyundai's futuristic technologies. HND-4: Blue-Will (namyang) HED-2: genus (europe) HND-3: veloster (namyang) HCD-11: nuvis (u.s.) HCD-12: Curb (u.s.) HND-7: Hexa space (namyang) HCD-14: genesis (u.s.) 2008 2006 2009 2007 2010 2012 HCD...

  • Page 19
    ... safety design. Ct rc -li A nC ys AVAnte HYBRID the car with the world's first lpi hybrid system developed by Hyundai, combining impressive fuel economy with high performance by alternating powertrain depending on specific driving conditions. released in korea in 2009, it led the market of eco...

  • Page 20
    ...2007 2009~2010 2011 2012 small-scale production of fuel cell vehicles u.s. department of energy test operation (Tucson fuel cell vehicle) independent development of fuel cell bus Test distribution in northern europe (4 countries) participation in european green projects From 2011, Hyundai has...

  • Page 21
    6,000 sales networks spanning some 200 countries 8 production centres 4,410,357 cars sold worldwide in 2012

  • Page 22
    ... care and other diverse location-specific service programs. oFFERINg HIgHESt QuAlItY SERVICES tHRougH ExpERt KNoWlEDgE AND tRuE DEVotIoN Hyundai Motor Company strives to provide satisfaction to customers by training firstclass service personnel and state-of-the-art remote technical support services...

  • Page 23
    ...in the market and incorporate them into products quickly. Hyundai Motor Company's technical research and design centres are situated in strategic locations worldwide. they contribute to attracting new customers by analyzing future trends in the automotive industry, and develop car models tailored to...

  • Page 24
    ... the sales of premium luxury cars such as Centennial (Equus) and genesis, Hyundai has opened showroom spaces in key commercial cities, including New York, london, beijing, and Moscow. Also, since 2009, Hyundai has been remodeling dealer showrooms worldwide based on the new company design standard...

  • Page 25
    46 AnnuAL RePORT 2012 gloBAl pRoDuCtIoN SYStEM BLue WAves in THe WORLd 47 eLevATing CusTOMeR sATisFACTiOn WiTH CARs deveLOPed And PROduCed TO MeeT LOCAL needs Hyundai Motor Company is strategically establishing state-of-the-art global production systems around the world to accurately understand...

  • Page 26
    48 AnnuAL RePORT 2012 WoRlDWIDE NEtWoRK BLue WAves in THe WORLd 49 Hyundai Motor group China (HMgC) Beijing Hyundai Motor Company (BHMC) Hyundai Motor Technical China global support Centre (China) Hyundai Motor Japan (HMJ) Hyundai Motor Japan Technical Centre Regional Production Companies ...

  • Page 27
    ... WoRlDWIDE NEtWoRK BLue WAves in THe WORLd 51 Regional Production Companies Production/sales Companies sales Companies Research Centres Regional Headquarters Other euRope TOTAL FACiLiTies 16 Hyundai Auto Canada (HAC) Hyundai America Technical Centre inc. (HATCi) Hyundai Motor Manufacturing...

  • Page 28
    52 AnnuAL RePORT 2012 gloBAl MARKEtINg BLue WAves in THe WORLd 53 suPPORTing THe PAssiOn OF PeOPLe WORLdWide WiTH diveRse sPORTs sPOnsORsHiPs. MeeTing CusTOMeRs in neW PLACes And in neW WAys. As a global player, Hyundai Motor Company will go where people of the world gather together and grow ...

  • Page 29
    ... in 2012, Hyundai Motor Company participated in major international motor shows not only in europe, America, and China, but also in key emerging markets. Through these shows, Hyundai changed the way people look at the company's cars by innovatively communicating the Modern Premium brand image that...

  • Page 30
    ... CAR FoR tHE WoRlD RAllY CHAMpIoNSHIp With the plan to participate in the 2014 WRC, Hyundai has already developed and presented an i20-based rally car model at the Paris Motor show and established Hyundai Motor sports gmbH in Bayern, germany to direct the affairs related to car development, testing...

  • Page 31
    ... pRogRAMS BLue WAves in THe WORLd 59 HyundAi WiLL dO iTs BesT TO TOuCH PeOPLe's HeARTs WiTH iTs CORPORATe sOCiAL ResPOnsiBiLiTy PROgRAMs ALL AROund THe WORLd the role of Hyundai Motor Company as a global automotive leader is not only to develop cars of best quality and eco-friendliness...

  • Page 32
    60 AnnuAL RePORT 2012 CoRpoRAtE SoCIAl RESpoNSIBIlItY pRogRAMS BLue WAves in THe WORLd 61 1 2 3 HYuNDAI'S EFFoRtS to pRoMotE tRAFFIC SAFEtY FoR KIDS in 2012, Hyundai Motor Company concentrated on the safe Move campaign of its four 'Move' corporate social responsibility (CsR) programs. under ...

  • Page 33
    ... been translated into cars that carry many different names, which have been accompanying the lives of customers and receiving their love from all over the world: for some, Hyundai is a source of pride; for others, it stands for style or is synonymous with eco-friendliness. Hyundai will continue to...

  • Page 34
    .... its duties include auditing the company's management and accounting, requesting business reports from executives, and monitoring the company's financial status. The Audit Committee can raise discussions on matters related to general shareholder meetings, directors and the BOd, and auditing...

  • Page 35
    66 AnnuAL RePORT 2012 CoRpoRAtE goVERNANCE AND BoARD oF DIRECtoRS CoRpoRAtE goVERNANCE AND BoARD oF DIRECtoRS tHE EtHICS CoMMIttEE Hyundai Motor Company established the ethics Committee in 2007 to improve transparency of internal transactions and to ensure ethical management of the company. ...

  • Page 36
    ... AnnuAL RePORT 2012 FinAnCiAL sTATeMenTs 69 InDepenDent AuDItoRS' RepoRt engLisH TRAnsLATiOn OF A RePORT ORiginALLy issued in kOReAn to tHE SHAREHolDERS AND BoARD oF DIRECtoRS oF HYuNDAI MotoR CoMpANY: We have audited the accompanying consolidated financial statements of Hyundai Motor Company...

  • Page 37
    ...services receivables Operating lease assets Total non-current assets total assets Capital surplus (note 14) Other capital items Accumulated other comprehensive income Retained earnings (note 24) equity attributable to the owners of the Parent Company non-controlling interests Total shareholders...

  • Page 38
    ...RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 73 ConSolIDAteD StAteMentS oF InCoMe FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 ConSolIDAteD StAteMentS oF CoMpReHenSIVe InCoMe FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 In millions of korean won, except per share...

  • Page 39
    74 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 75 ConSolIDAteD StAteMentS oF CHAngeS In SHAReHolDeRS' eQuItY FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 In millions of korean won In millions of korean won Capital stock Balance at January 1, 2011 ...

  • Page 40
    ...RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 77 ConSolIDAteD StAteMentS oF CASH FloWS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 In millions of korean won In millions of korean won 2012 Cash flows from operating activities: Cash generated from operations: Profit...

  • Page 41
    ...the laws of the Republic of korea. The Company and its subsidiaries (the "group") manufactures and distributes motor vehicles and parts, operates vehicle financing and credit card processing, and manufactures trains. The shares of the Company have been listed on the korea exchange since 1974 and the...

  • Page 42
    ... Hyundai Capital insurance services, LLC Hk Real Properties, LLC Hyundai Auto Lease Offering, LLC Hyundai Hk Lease, LLC Hyundai Protection Plan, inc. Hyundai Protection Plan Florida, inc. Hyundai Capital insurance Company nature of business Manufacturing Holding company Financing location...

  • Page 43
    ... included Hyundai Protection Plan Florida, inc. Hyundai Capital insurance Company Hyundai Capital india Private Limited (HCi) Hyundai Motor sport gmbH (HMsg) Autopia Forty-ninth Asset securitization specialty Company HB the Third securitization specialty Company Hyundai keFiCO Corporation keFiCO...

  • Page 44
    84 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 85 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 2. SuMMARY oF SIgNIFICANt ACCouNtINg polICIES: The Company maintains its official accounting records in korean Won and ...

  • Page 45
    ... other comprehensive income and accumulated in equity are accounted for as if the group had directly disposed of the relevant assets (i.e. reclassified to profit or loss or transferred directly to retained earnings as specified by applicable k-iFRss). The fair value of any investment retained in the...

  • Page 46
    ...RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 89 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 (7) FINANCIAl ASSEtS The group classifies financial assets into the following specified categories: financial assets at fair value...

  • Page 47
    ... shares in associate stocks. unrealized losses are also eliminated unless evidence of impairment in assets transferred is produced. if the accounting policy of associates differs from the group, financial statements are adjusted accordingly before applying equity method of accounting. if the group...

  • Page 48
    92 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 93 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 3) INtANgIblE AssEts ACqUIrED sEpArAtElY intangible assets that are acquired separately are carried at cost less ...

  • Page 49
    94 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 95 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 (21) pRoVISIoNS A provision is recognized when the group has a present obligation (legal or constructive) as a result ...

  • Page 50
    ... of financial instruments. The group makes judgements on the choice of various valuation methods and assumptions based on the condition of the principal market at the end of the reporting period. 6) MEAsUrEMENt AND UsEFUl lIvEs oF propErtY, plANt, EqUIpMENt or INtANgIblE AssEts if the group acquires...

  • Page 51
    98 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 99 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 3. tRADE NotES AND ACCouNtS RECEIVABlE: (1) tRADE NotES AND ACCouNtS RECEIVABlE AS oF DECEMBER 31, 2012 AND 2011 ...

  • Page 52
    ... industries, Co., Ltd. Hyundai Oil Refinery Co., Ltd. seoul Metro Line nine Corporation (*) Hyundai green Food Co., Ltd. Hyundai Merchant Marine Co., Ltd. doosan Capital Co., Ltd. Hyundai Finance Corporation Hyundai development Company kT Corporation ubivelox Co., Ltd. niCe information service...

  • Page 53
    ... millions of korean won (*) other includes the effect of foreign exchange differences and transfers from or to other accounts. December 31, 2012 Description Land Buildings structures Machinery and equipment vehicles dies, molds and tools Office equipment Other Construction in progress Acquisition...

  • Page 54
    104 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 105 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 10. INVEStMENt pRopERtY: (1) INVEStMENt pRopERtY AS oF DECEMBER 31, 2012 AND 2011 CoNSISt oF tHE FolloWINg: In ...

  • Page 55
    ...,326) development costs industrial property rights software Other Construction in progress (*) other changes include the effect of foreign exchange differences and transfers from or to other accounts. (3) RESEARCH AND DEVElopMENt ExpENDItuRE FoR tHE YEARS ENDED DECEMBER 31, 2012 AND 2011 ARE AS...

  • Page 56
    ... 31, 2012 ARE AS FolloWS: In millions of korean won name of company BHMC WAe HMgC kia Motors Corporation Hyundai engineering & construction Co., Ltd Hyundai HysCO Co., Ltd. Hyundai WiA Corporation Hyundai Powertech Co., Ltd. HMC investment securities Co., Ltd. Hyundai dymos inc. eukor Car Carriers...

  • Page 57
    ... millions of korean won (4) tHE MARKEt pRICE oF lIStED EQuItY SECuRItIES AS oF DECEMBER 31, 2012 IS AS FolloWS: In millions of korean won, except price per share name of company kia Motors Corporation Hyundai engineering & construction Co., Ltd. Hyundai HysCO Co., Ltd. Hyundai WiA Corporation HMC...

  • Page 58
    ... lEASE AS oF DECEMBER 31, 2012 AND 2011 ARE AS FolloWS: In millions of korean won Annual interest rate Description Overdrafts general loans Loans on trade receivables collateral lender Citi Bank and other kookmin Bank and other korea exchange Bank and other kookmin Bank and other daewoo securities...

  • Page 59
    ... AS oF DECEMBER 31, 2012 AND 2011 CoNSISt oF tHE FolloWINgS: In millions of korean won Annual interest rate Description general loans Facility loan Commercial paper Asset backed securities Other lender shinhan Bank and other korea development Bank and other sk securities and other JP Morgan and...

  • Page 60
    ... 31, 2011 consist of the following: In millions of korean won Description Cash and cash equivalents short-term and long-term financial instruments Trade notes and accounts receivable Other receivables Other financial assets Other assets Financial services receivables Financial assets at FVtpl...

  • Page 61
    118 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 119 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 (2) CAtEgoRIES oF FINANCIAl lIABIlItIES AS oF DECEMBER 31, 2012 CoNSISt oF tHE FolloWINg: In millions of korean won ...

  • Page 62
    ... of korean won The Company completed stock retirement of 10,000,000 common shares and 1,320,000 common shares as of March 5, 2001 and May 4, 2004, respectively. due to these stock retirements, the total face value of outstanding stock differs from the capital stock amount. 2012 Description non...

  • Page 63
    ... AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 123 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 22. otHER CApItAl ItEMS: otHER CApItAl ItEMS CoNSISt oF tREASuRY StoCKS puRCHASED FoR tHE StABIlIzAtIoN oF StoCK pRICE...

  • Page 64
    124 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 125 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 26. SEllINg AND ADMINIStRAtIVE ExpENSES: SEllINg AND ADMINIStRAtIVE ExpENSES FoR tHE YEARS ENDED DECEMBER 31, 2012 ...

  • Page 65
    ...31, 2012 AND 2011 ARE CoMputED AS FolloWS: In millions of korean won, except per share amounts Description Profit attributable to owners of the Parent Company Profit available to preferred stock Profit available to common share Weighted average number of common shares outstanding (*) Basic earnings...

  • Page 66
    128 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 129 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 (2) tHE CHANgES IN DEFERRED tAx ASSEtS (lIABIlItIES) FoR tHE YEAR ENDED DECEMBER 31, 2012 ARE AS FolloWS: In millions...

  • Page 67
    130 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 131 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 (3) pRoFIt AND loSSES IN RElAtIoN to DEFINED BENEFIt plANS FoR tHE YEARS ENDED DECEMBER 31, 2012 AND 2011 ARE AS ...

  • Page 68
    ... overall capital risk management policy is consistent with that of the prior period. debt to equity ratios as of december 31, 2012 and 2011 are as follows: In millions of korean won Description Profit for the year Adjustments: Post-employment benefits depreciation Amortization of intangible assets...

  • Page 69
    ...in risk-free assets. in addition, the group has agreements in place with financial institutions with respect to trade financing and overdraft to mitigate any significant unexpected market deterioration. The group, also, continues to strengthen its credit rates to secure a stable financing capability...

  • Page 70
    ... EVENtS, HYuNDAI CARD Co., ltD. IS oBlIgAtED to MAKE EARlY REDEMptIoN oF ItS ASSEt-BACKED SECuRItIES. (8) tHE SHARES oF HYuNDAI ENgINEERINg & CoNStRuCtIoN Co., ltD, AN EQuItY MEtHoD INVEStEE ACQuIRED DuRINg 2011, ARE REStRICtED to BE tRANSFERRED oR plEDgED AS CollAtERAl IN WHolE oR IN pARt to tHIRD...

  • Page 71
    138 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 139 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 38. SEgMENt INFoRMAtIoN: (1) tHE gRoup HAS A VEHIClE SEgMENt, A FINANCE SEgMENt AND otHER. tHE VEHIClE SEgMENt IS ...

  • Page 72
    ... ASSEtS BY REgIoN WHERE tHE gRoup'S ENtItIES ARE loCAtED IN AS oF DECEMBER 31, 2012 AND 2011 ARE AS FolloWS: In millions of korean won 40. BuSINESS CoMBINAtIoNS: (1) tHE CoMpANY ACQuIRED 100% oF tHE SHARES IN HMF, HAS AND HAAp, RESpECtIVElY, AS oF JANuARY 3, 2012 to IMpRoVE SAlES NEtWoRKS IN EuRopE...

  • Page 73
    142 AnnuAL RePORT 2012 HYuNDAI MotoR CoMpANY AND SuBSIDIARIES FinAnCiAL sTATeMenTs 143 noteS to ConSolIDAteD FInAnCIAl StAteMentS FOR THe yeARs ended deCeMBeR 31, 2012 And 2011 (2) HYuNDAI KEFICo CoRpoRAtIoN REDuCED tHE CApItAl tHRougH tHE CoMpENSAtIoNAl CANCEllAtIoN oF 1,670,000 SHARES AMoNg ...

  • Page 74
    ... Hyundai's latest technologies. ACCENt 4DooR / 5DooR ElANtRA (AVANtE) CoupE elantra Coupe is a 2-door model of elantra with dynamic coupe styling. it provides dynamic driving performance with the highperformance nu 1.8 MPi engine with maximum of 150 ps power output and 18.2 kg.m torque. new...

  • Page 75
    ... model embodying the concept of 'suburban City Car.' The 5-passenger hatchback features a front-wheel drive system with an 814 cc engine that has a maximum power output of 56 ps with 20.8 km/â„" fuel economy. i20 Beloved by europeans looking for style and efficiency, the all-new i20 is now eco...

  • Page 76
    ... conditions. MIxER tRuCK The Hyundai mixer truck offers the best value for money today. Built for construction and ready to take on heavy loads, it offers the perfect "mix" of performance, price, and reliability with top mixing and pouring performance and ruggedized construction for a long service...

  • Page 77
    Brilliant is the laughter Hyundai makes every moment brilliant li v e br illian t brilliant.hyundai.com

  • Page 78
    tHroUgH NEw tHINkINg, wE wIll DIsCovEr NEw possIbIlItIEs tHAt oUr CUstoMErs, tHE worlD, AND tHE tIMEs wE lIvE IN NEvEr ExpECtED. AND wE wIll MAkE sUrE tHAt tHE possIbIlItIEs bECoME A rEAlItY, tHAt tHEY bECoME NEw vAlUEs tHAt CUstoMErs CAN ExpErIENCE AND ENjoY. HYUNDAI Is 'NEw tHINkINg. NEw ...

  • Page 79
    ... 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...