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Table of contents

  • Page 1
    HYUNDAI Motor CoMpANY AnnuAl RepoRt 2013

  • Page 2
    ... vAlUe HIgH perForMANCe tHe NAMe For sAtIsFACtIoN NeW DIMeNsIoN oF DrIvINg tHe FUtUre & FUtUre CArs CleAN MoBIlItY Co 2 Zero BLuE WAVES IN THE WORLD 40 41 42 45 47 48 52 58 60 QUAlItY MANAgeMeNt servICe MANAgeMeNt r&D NetWorks gloBAl proDUCtIoN sYsteM gloBAl sAles WorlDWIDe NetWork gloBAl MArketINg...

  • Page 3
    ...HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 03 THE MOST BELOVED AuTO BRAND Hyundai Motor's brand direction, "Modern premium," is about providing to more customers new values and experiences that go beyond what they expect through ways that are unique to the brand. the brand slogan, "New thinking. New...

  • Page 4
    04 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 05 SALES REVENuE (Unit : KRW Million) 87,307,636 66,985,271 87,307,636 84,469,721 77,797,895 2010 2011 2012 2013

  • Page 5
    06 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 07 4,621 2010 gLOBAL RETAIL SALES (unit : 1,000 vehicles) 3,701 2011 4,099 2012 4,392 2013 4,621

  • Page 6
    ... STATEMENTS OF FINANCIAL pOSITION At Year end Assets liabilities shareholderÌ"s equity liab. to eqt. ratio(%) 2010 94,714,131 61,826,158 32,887,973 188.0% 2011 109,479,975 69,152,273 40,327,702 171.5% 2012 121,537,814 73,620,239 47,917,575 153.6% 2013 133,421,479 76,838,690 56,582,789 135.8% SALES...

  • Page 7
    ...showcase its competitive technology to the world. this year, the All-new genesis, completely reborn after seven years, will make its debut in the global luxury car market, reaffirming Hyundai's brand value once again. 2014 will be a meaningful year for Hyundai Motor in which the company will reflect...

  • Page 8
    ... our localization strategy in the global market by launching differentiated vehicles for advanced countries as well as for emerging markets. We will expand sales and maintain profitability in key markets such as North America and korea with the All-new genesis and the seventh-generation sonata, our...

  • Page 9
    .... As such, the Management Concept, which reflects the company's future-oriented values and the direction of its evolution, serves to bring everyone together in the making of new history. By sharing its management philosophy, vision, and core values with everyone involved, Hyundai promises to deliver...

  • Page 10
    ... electric vehicle santa Fe - Unveiling of the HCD-vI concept car at the Chicago Auto show 2002 - launch of Chinese-made elantra - sonata receives J.D. powerÌ"s ApeAl Award - Inauguration of the California Design & technical Center - official sponsor of the 2002 FIFA World Cup korea/Japan - Unveiling...

  • Page 11
    ... 2012 - World rally Championship (WrC) team launched - launch of grandeur Hybrid - No. 2 in AutobildÌ"s (germany) 2013 Quality satisfaction report - i10 awarded Indian Car of the Year 2014 - Beijing Hyundai sales in China surpass 1 million units/year - launch of All-new genesis - two Hyundai models...

  • Page 12
    ......Dreaming to become the world's most beloved brand...passionately developing a car with zero Co2 emissions...Finding ways to harmonize a carÌ"s life cycle with nature...BlUe WAves is the huge, overflowing energy that drives Hyundai Motors. Its potential is priceless and has no end. Be s ol s t ID...

  • Page 13
    ... and reasserted its brand value. In 2014, Hyundai Motor will once again compete with the worldÌ"s finest cars with the launch of the All-new genesis. the All-new genesis features the CompanyÌ"s latest state-of-the-art technology to provide design, driving experience, safety performance, and comfort...

  • Page 14
    24 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 BLUE WAVEs IN HYUNDAI HIgH pERFORMANCE 25 HigH peRFoRMAnCe WItH WorlD-ClAss eNgINe teCHNologY tHAt provIDes A NeW level oF DrIvINg eXperIeNCe, HYUNDAI Motor WIll INveNt Yet ANotHer "DreAM eNgINe." BlUe WAves IN HYUNDAI 140 ps / 6,300 rpm Max. output...

  • Page 15
    ...ANNuAL REpORT 2013 BLUE WAVEs IN HYUNDAI THE NAME FOR SATISFACTION 27 THE SIgNIFICANCE OF WINNINg CONSuMER SATISFACTION AWARDS every tHe nAMe FoR sAtisFACtion HYUNDAI MotorÌ"s DIverse CAr MoDels Do Not CeAse to IMpress AND WIN tHe HeArts oF sAtIsFIeD CUstoMers year, new models flood the global...

  • Page 16
    .... From development to production, sales, and after service, Hyundai Motor pursues localization to maximize customer satisfaction. BlUe WAves IN HYUNDAI AzERA (gRANDEuR), KOREAÌ"S pREMIuM SEDAN THAT CApTIVATED THE WORLD With a premium design that won a good Design Award in the U.s. in 2012, Azera...

  • Page 17
    ... COMPANY ANNuAL REpORT 2013 BLUE WAVEs IN HYUNDAI NEW DIMENSION OF DRIVINg 31 new diMension oF dRiVing HYUNDAI MotorÌ"s AUtoMotIve teCHNologY CoNtINUes to evolve, AIMINg to CreAte MovINg eXperIeNCes AND to BUIlD trUst. Support effective redirection of the body upon sudden changes of direction...

  • Page 18
    32 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 BLUE WAVEs IN HYUNDAI THE FuTuRE & FuTuRE CARS 33 tHe FutuRe & FutuRe CARs HYUNDAI MotorÌ"s CoNCept CArs opeN A WorlD oF IMAgINAtIoN ABoUt tHe CArs oF tHe FUtUre. HCD-9: Talus (U.s.) HCD-10: Hellion (U.s.) HED-2: GENUs (Europe) 2006 2007 HND-3: ...

  • Page 19
    ... product quality + Capture a new market Reduce CO 2 emissions Secure engines for future growth with development of new technologies Reduce energy consumption Benefits to society Reduce air pollution BlUe WAves IN HYUNDAI Blue Drive is Hyundai Motor's low-carbon, green technology strategy...

  • Page 20
    ... its energy tFt, while the Ulsan plant reduced emissions per unit-produced by 3% and for plant operations by 5.4% versus year ago by changing energy sources, investing in high efficiency equipment, and improving production processes. employees at the Namyang technology research Center voluntarily...

  • Page 21
    38 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 39 BrAND INNovAtIoN tHroUgH QUAlItY servICe tHAt Moves CUstoMers oNgoINg reseArCH AND DevelopMeNt eIgHt proDUCtIoN sItes sAles NetWork oF 6,000 sHoWrooMs WorlDWIDe CoNNeCtINg WItH CUstoMers soCIAl CoNtrIBUtIoN ACtIvItIes tHAt orIgINAte FroM tHe ...

  • Page 22
    ... Company developed and deployed the worldÌ"s first next generation diagnostic equipment on a mobile platform with enhanced speed and diagnostic capabilities to detect faults. It reinforced management of its global service support Center (gssC) and implemented high-tech, remote diagnostic technology...

  • Page 23
    ... customer needs and to incorporate them rapidly into products is a competitive advantage that a global company must cultivate. Hyundai Motor's technical research and design centers operate in vital locations worldwide to stay in the forefront of automotive trends and strategically develop regional...

  • Page 24
    ... europe Design Centers are developing competitive models that support Hyundai's regional development strategies, and design studios in India, China and other emerging ulsAn pRoVing gRound, KoReA this comprehensive proving ground in Ulsan, the first of its kind in korea, has 19 tracks and high speed...

  • Page 25
    ...october 2012, scored 848 points in ABCÌ"s testing of 17 models, earning the AustraliaÌ"s Best Car title. this year, Hyundai Motor will continue to drive market expansion by raising awareness of the Czech factoryÌ"s outstanding product quality. tuRKeY FACtoRY: pRepARing FoR eXpAnsion into euRope With...

  • Page 26
    ... sales Companies research Centers regional Headquarters other AsiA & pACiFiC TOTAL FACILITIEs 12 Hyundai Motor India limited (HMI) India technical Center Asia-pacific regional Commercial Headquarters Asia-pacific regional Headquarters Hyundai Motor Company Australia (HMCA) Africa & Middle east...

  • Page 27
    50 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 BLUE WAVEs IN THE WORLD WORLD WIDE NETWORK 51 regional production Companies production/sales Companies sales Companies research Centers regional Headquarters other euRope TOTAL FACILITIEs Hyundai Auto Canada (HAC) Hyundai America technical Center ...

  • Page 28
    ... promotional activities at international football tournaments such as the 2002 World Cup korea-Japan, 2006 World Cup germany, 2010 World Cup south Africa, and euro 2000, 2004, 2008, and 2012. Hyundai Motor sponsored the FIFA Confederations Cup Brazil 2013 and staged FIFA Confederations Cup street...

  • Page 29
    ...HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 BLUE WAVEs IN THE WORLD gLOBAL MARKETINg 55 â-€ ricardo kaká (Brazil) oscar (Brazil) â-¶ Iker Casillas â-¶ (spain) HYundAi MotoR BRAnd AMBAssAdoRs tHRee supeRstARs will ConVeY tHe eXCiteMent oF woRld Cup And tHe HYundAi MotoR BRAnd nAMe. Hyundai Motor...

  • Page 30
    ...opening competition that pitches the previous year's pgA tour winners to compete against one another. the 2014 tournament, held from January 3 to 6 in Hawaii, communicated Hyundai MotorÌ"s brand direction, Modern premium, and eco-friendly corporate image by featuring its luxury and eco-friendly cars...

  • Page 31
    ...on a year of preparations for WrC 2014. i20 is Hyundai MotorÌ"s strategic supermini car for europe whose overall length, wheelbase and specifications qualify for WrC. the i20 World rally Car (i20WrC) is equipped to deliver the highest level of power and performance with a 300 hp, 1,600 cc engine and...

  • Page 32
    ...MOTOR COMPANY ANNuAL REpORT 2013 BLUE WAVEs IN THE WORLD MOVINg THE WORLD TOgETHER 61 MoVing tHe woRld togetHeR JUst As HYUNDAI Motor trIes to Move CUstoMersÌ" HeArts WItH Its proDUCts, It WIll Do Its Best to toUCH people's HeArts tHroUgH CorporAte soCIAl respoNsIBIlItY the role of Hyundai Motor...

  • Page 33
    ... A tRAFFiC sAFetY CultuRe the focus of Hyundai MotorÌ"s 2014 social contribution programs is to reinforce its 3 main traffic safety initiatives: traffic safety with robo-car poli, three-leaf Clover, and support for the korea National society for the prevention of road kill. Hyundai Motor will...

  • Page 34
    64 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 CORpORATE gOVERNANCE AND BOARD OF DIRECTORS 65 key Activities of the BoD in 2013 CoRpoRAte goVeRnAnCe And BoARd oF diReCtoRs BlUe WAves IN HYUNDAI HMC HAs BoArD oF DIreCtors AND tHree sUBCoMMIttees INClUDINg AUDIt CoMMIttee, eXterNAl DIreCtor ...

  • Page 35
    ...not audit the financial statements of certain subsidiaries, including Hyundai Capital services, Inc., whose statements reflect 42.3% and 42.3% of the consolidated total assets as of December 31, 2013 and 2012, respectively, and 49.0% and 49.9% of the consolidated total sales for the years then ended...

  • Page 36
    ... 31, 2013 AND 2012 Assets Current assets: Cash and cash equivalents (Note 19) short-term financial instruments (Note 19) trade notes and accounts receivable (Note 3, 19) other receivables (Note 4, 19) other financial assets (Note 5, 19) Inventories (Note 6) Current tax assets Financial services...

  • Page 37
    ... effect of changes in accounting policies remeasurements of defined benefit plans Changes in retained earnings of equity-accounted investees, net 249,790 13,206 262,996 Items that may be reclassified subsequently to profit or loss: gain (loss) on available-for-sale ("AFs") financial assets, net gain...

  • Page 38
    ...income Retained earnings total equity attributable to the owners of the parent Company ￦ 44,039,059 noncontrolling interests total equity Balance at January 1, 2012 Comprehensive income: effect of changes in accounting policies profit for the year gain (loss) on AFs financial assets, net gain...

  • Page 39
    ...,870) 5,339,686 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 1. geneRAl: Hyundai Motor Company (the "Company" or "parent Company") was incorporated in 1967, under the laws of the republic of korea. the Company and its subsidiaries (the "group...

  • Page 40
    ....00% 100.00% indirect ownership Hyundai keFICo 100.00% ˝ NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 subsidiaries Woori Frontier private equity security Investment trust No.5 ktB safe private equity security Investment trust No.78 Autopia...

  • Page 41
    ...oF tHe CoNsolIDAteD FINANCIAl stAteMeNts, Are prepAreD For tHe sAMe reportINg perIoDs As tHe CoMpANY's. (6) FINANCIAl sUpport provIDeD to CoNsolIDAteD strUCtUreD eNtItIes As of December 31, 2013, Hyundai Card Co., ltd. and Hyundai Capital services, Inc., subsidiaries of the Company, have agreements...

  • Page 42
    ... the year ended December 31, 2013, are as follows: Changes Included excluded Hyundai Motor De Mexico (HMM) Hyundai Capital Brasil servicos De Assistencia Financeira ltda Macquarie lion private equity security Investment trust security No.45 shinhan BNpp private Corporate security Investment trust...

  • Page 43
    82 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 83 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 1) New and revised standards that have been applied from the year beginning on January 1, 2013, are as follows: - k-IFrs 1001...

  • Page 44
    84 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 85 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 Changes in the group's ownership interests in subsidiaries, without a loss of control, are accounted for as equity ...

  • Page 45
    ... assets nor financial assets at Fvtpl. AFs financial assets are measured at fair value. However, investments in equity instruments that do not have a quoted market price in an active market and whose fair value cannot be reliably measured are measured at cost. A gain or loss on changes in fair value...

  • Page 46
    88 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 89 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (12) propertY, plANt AND eQUIpMeNt property, plant and equipment is to be recognized if, and only if it is probable that ...

  • Page 47
    ... HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 91 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (17) leAse leases are classified as finance leases when the terms of the lease transfer substantially all the risks and rewards...

  • Page 48
    ... from purchase, sale or retirement of treasury stocks are directly recognized in equity and not in current profit or loss. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 2) Cash flow hedges the effective portion of changes in the fair value of...

  • Page 49
    94 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 95 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 5) Fair value of financial instruments the group uses valuation techniques that include inputs that are not based on ...

  • Page 50
    96 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 97 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (3) eQUItY INstrUMeNts ClAssIFIeD INto AFs FINANCIAl Assets As oF DeCeMBer 31, 2013 AND 2012, CoNsIst oF tHe FolloWINg: In ...

  • Page 51
    98 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 99 tHe CHANges IN propertY, plANt AND eQUIpMeNt("pp&e") For tHe YeAr eNDeD DeCeMBer 31, 2013, Are As FolloWs: In millions of korean Won description land Buildings structures Machinery and equipment vehicles Dies, molds and tools...

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    100 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 101 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (3) tHe FAIr vAlUe oF INvestMeNt propertY As oF DeCeMBer 31, 2013 AND 2012, CoNsIst oF tHe FolloWINg: In millions of korean...

  • Page 53
    ...2013 and 2012, is as follows: In millions of korean Won Hyundai WIA Automotive engine (shandong) Company (WAe) kia Motors Corporation Hyundai engineering & Construction Co., ltd. Hyundai WIA Corporation Hyundai powertech Co., ltd. Hyundai Dymos Inc. Hyundai HYsCo Co., ltd. HMC Investment securities...

  • Page 54
    ... FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 tHe CHANges IN INvestMeNts IN JoINt veNtUres AND AssoCIAtes For tHe YeAr eNDeD DeCeMBer 31, 2012, Were As FolloWs: In millions of korean Won name of the company BHMC HMgC WAe kia Motors Corporation Hyundai engineering...

  • Page 55
    ... name of the company BHMC HMgC WAe kia Motors Corporation Hyundai engineering & Construction Co., ltd. Hyundai WIA Corporation Hyundai powertech Co., ltd. Hyundai Dymos Inc. Hyundai HYsCo Co., ltd. HMC Investment securities Co., ltd. (*1,2) eukor Car Carriers Inc. Current assets ￦ 5,183,231 407...

  • Page 56
    ... assets. (7) tHe MArket prICe oF lIsteD eQUItY seCUrItIes As oF DeCeMBer 31, 2013, Is As FolloWs: In millions of korean Won, except price per share name of the company kia Motors Corporation Hyundai engineering & Construction Co., ltd. Hyundai WIA Corporation Hyundai HYsCo Co., ltd. HMC Investment...

  • Page 57
    110 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 111 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (5) gross INvestMeNts IN FINANCIAl leAse AND tHeIr preseNt vAlUe oF MINIMUM leAse reCeIpts As oF DeCeMBer 31, 2013 AND 2012...

  • Page 58
    ... value Fair value tHe CHANges IN provIsIoNs For tHe YeAr eNDeD DeCeMBer 31, 2012, Were As FolloWs: In millions of korean Won Cash and cash equivalents short-term and long-term financial instruments trade notes and accounts receivable other receivables other financial assets other assets Financial...

  • Page 59
    ... FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 Fair value measurements of financial instruments by fair-value hierarchy levels as of December 31, 2012, were as follows: In millions of korean Won december 31, 2012 description Financial assets: Financial assets...

  • Page 60
    116 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 117 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (5) FINANCIAl Assets ...

  • Page 61
    ...HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 119 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (6) tHe CoMMIssIoN INCoMe (FINANCIAl servICes reveNUe) ArIsINg FroM FINANCIAl Assets or lIABIlItIes otHer tHAN FINANCIAl Assets...

  • Page 62
    ... YeAr eNDeD DeCeMBer 31, 2012, WAs As FolloWs: In millions of korean Won, except per share amounts description Number of shares issued treasury stocks shares, net of treasury stocks par value per share Dividend rate Dividends declared Dividends per share Market price per share Dividend yield ratio...

  • Page 63
    ... on share of earnings of equity-accounted investees, net gain on disposals of investments in associates, net 2013 ￦ 2,748,647 308,462 ￦ 3,057,109 2012 ￦ 2,445,424 136,140 ￦ 2,581,564 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 29...

  • Page 64
    124 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 125 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 31. eARnings peR CoMMon sHARe: Basic earnings per common share are computed by dividing profit available to common shares ...

  • Page 65
    126 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 127 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (5) tHe teMporArY DIFFereNCes Not reCogNIZeD As DeFerreD tAX lIABIlItIes relAteD to sUBsIDIArIes, AssoCIAtes AND JoINt ...

  • Page 66
    128 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 129 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (5) tHe seNsItIvItY ANAlYses BeloW HAve BeeN DeterMINeD BAseD oN reAsoNABlY possIBle CHANges oF tHe sIgNIFICANt AssUMptIoNs...

  • Page 67
    ... korean Won NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 the Company's subsidiaries, Hyundai Card Co., ltd. and Hyundai Capital services, Inc., operating financial business are managing interest rate risk by utilizing value at risk (var). var...

  • Page 68
    132 HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 133 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 36. RelAted-pARtY tRAnsACtions: the transactions and balances of receivables and payables within the group are wholly ...

  • Page 69
    ...HYUNDAI MOTOR COMPANY AND ITs sUBsIDIARIEs FINANCIAL STATEMENTS 135 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As oF AND For tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (2) As oF DeCeMBer 31, 2013...635 3,260 21,666 2,856 23,985 payables trade notes and accounts payable ￦ 877,744 79,508 74,967 94...

  • Page 70
    ... YeArs eNDeD DeCeMBer 31, 2013 AND 2012, Are As FolloWs: In millions of korean Won description short-term employee salaries post-employment benefits other long-term benefits 2013 ￦ 158,875 30,329 413 ￦ 189,617 2012 ￦ 163,126 29,000 504 ￦ 192,630 Jp Morgan, seoul Branch Citi Bank, seoul...

  • Page 71
    ...tHe YeArs eNDeD DeCeMBer 31, 2013 AND 2012 (5) HYUNDAI CArD Co., ltD, A sUBsIDIArY oF tHe CoMpANY, HAs A revolvINg CreDIt FACIlItY AgreeMeNt WItH tHe FolloWINg FINANCIAl INstItUtIoNs: Financial institutions ge Capital european Funding & Co.(*) kookmin Bank shinhan Bank NH Bank Citi Bank, seoul Hana...

  • Page 72
    ... consolidated financial statements for the year ended December 31, 2013, were authorized for issue by the Board of Directors on January 23, 2014. description korea North America Asia europe others december 31, 2013 ￦ 19,428,529 1,882,933 1,057,874 2,080,979 456,797 24,907,112 december 31, 2012...

  • Page 73
    142 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 pRODuCT LINEup 143 pRoduCt lineup SONATA Newly born after five years in 2014, the new sonata is a seventh generation model that embodies all of the latest capabilities of Hyundai Motor. through innovation in fundamentals ranging from design, power ...

  • Page 74
    144 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 pRODuCT LINEup 145 pRoduCt lineup TuCSON (ix35) A compact sUv with a young and sophisticated style to satisfy the diverse needs of urbanites. SANTA FE santa Fe is HyundaiÌ"s representative midsize sUv that offers the luxury and comfort of a sedan, ...

  • Page 75
    146 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 pRODuCT LINEup 147 pRoduCt lineup H-1 (gRAND STAREx) A dynamic and urban design, thoughtful consideration of user convenience such as the seat variation feature, maximum five-star eUro NCAp rating, efficient technologies, and robust stability make ...

  • Page 76
    148 HYUNDAI MOTOR COMPANY ANNuAL REpORT 2013 149 The glorious Journey for All Hyundai brings the world together to celebrate the FIFA World CuptM

  • Page 77
    ...it, we will become a company that keeps challenging itself to unlock new possibilities for people and the planet. Hyundai Motor Company www.hyundai.com Annual Report. 1406 English. KM-SW Copyright © 2014 Hyundai Motor Company. All Rights Reserved. www.facebook.com/hyundaiworldwide www.youtube.com...