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HYUNDAI MOTOR COMPANY Annual Report 2014
FINANCIAL STATEMENTS / 8786
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013
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”) 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 Global Depositary Receipts issued by the
Company have been listed on the London Stock Exchange and Luxembourg Stock Exchange.
As of December 31, 2014, the major shareholders of the Company are Hyundai MOBIS (20.78%) and Chung Mong-koo (5.17%).
(1) The Company’s consolidated subsidiaries as of December 31, 2014, are as follows:
Subsidiaries
Nature of
the business Location
Ownership
percentage
Indirect
ownership
Hyundai Capital Services, Inc. Financing Korea 56.47%
Hyundai Card Co., Ltd. (*) ˝ ˝ 36.96%
Hyundai Rotem Company (Hyundai Rotem) (*) Manufacturing ˝43.36%
Hyundai KEFICO Corporation (Hyundai KEFICO) ˝ ˝ 100.00%
Green Air Co., Ltd. ˝ ˝ 51.00% Hyundai Rotem 51.00%
Hyundai Auto Electronics Company Ltd. R&D ˝60.00%
Hyundai Partecs Co., Ltd. Manufacturing ˝56.00%
Hyundai NGV Tech Co., Ltd. Engineering ˝53.66%
Maintrans Company Services ˝80.00% Hyundai Rotem 80.00%
Jeonbuk Hyundai Motors FC Co., Ltd. Football Club ˝100.00%
Hyundai Motor America (HMA) Sales USA 100.00%
Hyundai Capital America (HCA) Financing ˝80.00% HMA 80.00%
Hyundai Motor Manufacturing Alabama, LLC (HMMA) Manufacturing ˝100.00% HMA 100.00%
Hyundai Translead, Inc. (HT) ˝ ˝ 100.00%
Stamped Metal American Research Technology,
Inc. (SMARTI) Holding company ˝72.45% HMA 72.45%
Stamped Metal American Research Technology LLC Manufacturing ˝100.00% SMARTI 100.00%
Hyundai America Technical Center, Inc. (HATCI) R&D ˝100.00%
Rotem USA Corporation Manufacturing ˝100.00% Hyundai Rotem 100.00%
Hyundai Auto Canada Corp. (HAC) Sales Canada 100.00% HMA 100.00%
Hyundai Auto Canada Captive Insurance Inc. (HACCI) Insurance ˝100.00% HAC 100.00%
Hyundai Capital Canada Inc. (HCCA) Financing ˝60.00%
Hyundai Capital Lease Inc. ˝ ˝ 100.00% HCCA 100.00%
Hyundai Motor India Limited (HMI) Manufacturing India 100.00%
Hyundai Motor India Engineering Private Limited (HMIE) R&D ˝100.00% HMI 100.00%
Hyundai Capital India Private Limited (HCI) Financing ˝100.00% Hyundai Capital
Services 100.00%
Subsidiaries
Nature of
the business Location
Ownership
percentage
Indirect
ownership
Hyundai Motor Japan Co., Ltd. (HMJ) Sales Japan 100.00%
Hyundai Motor Japan R&D Center Inc. (HMJ R&D) R&D Japan 100.00%
Beijing Jingxian Motor Safeguard Service Co., Ltd. (BJMSS) Sales China 100.00%
Beijing Jingxianronghua Motor Sale Co., Ltd. ˝ ˝ 100.00% BJMSS 100.00%
Beijing Xinhuaxiaqiyuetong Motor Chain Co., Ltd. ˝ ˝ 100.00% ˝
Hyundai Millennium (Beijing) Real Estate
Development Co., Ltd.
Real estate
development
˝99.00% CMEs 99.00%
Rotem Equipments (Beijing) Co., Ltd. Sales ˝100.00% Hyundai Rotem 100.00%
KEFICO Automotive Systems (Beijing) Co., Ltd. Manufacturing ˝100.00% Hyundai KEFICO 100.00%
KEFICO VIETNAM COMPANY LIMITED ˝Vietnam 100.00% ˝
Hyundai Motor Company Australia Pty Limited (HMCA) Sales Australia 100.00%
Hyundai Motor Manufacturing Czech, s.r.o. (HMMC) Manufacturing Czech 100.00%
Hyundai Motor Czech s.r.o (HMCZ) Sales ˝100.00%
Hyundai Motor Europe GmbH (HME) Marketing and sales Germany 100.00%
Hyundai Motor Deutschland GmbH (HMD) Sales ˝100.00%
Hyundai Motor Europe Technical Center GmbH (HMETC) R&D ˝100.00%
Hyundai Motor Sport GmbH (HMSG) Marketing ˝100.00% HME 100.00%
Hyundai Capital Europe GmbH Financing ˝100.00% Hyundai Capital
Services 100.00%
Hyundai Motor Manufacturing Rus LLC (HMMR) Manufacturing Russia 70.00%
Hyundai Motor Commonwealth
of Independent States B.V (HMCIS B.V) Holding company Netherlands 100.00% HMMR 1.40%
Hyundai Motor Netherlands B.V. (HMNL) Sales ˝100.00%
Hyundai Motor Commonwealth of Independent States (HMCIS) ˝Russia 100.00% HMCIS B.V 100.00%
Hyundai Capital Services Limited Liability Company Financing ˝100.00% Hyundai Capital
Europe 100.00%
Hyundai Assan Otomotiv Sanayi Ve Ticaret A.S. (HAOSVT) Manufacturing Turkey 83.91%
Hyundai EURotem Demiryolu Araclarive Ticaret A.S. ˝ ˝ 50.50% Hyundai Rotem 50.50%
Hyundai Motor UK Limited (HMUK) Sales UK 100.00%
Hyundai Motor Company Italy S.r.l (HMCI) ˝Italy 100.00%
Hyundai Motor Espana. S.L.U. (HMES) ˝Spain 100.00%
Hyundai Motor France SAS (HMF) ˝France 100.00%
Hyundai Motor Poland Sp. Zo.O (HMP) ˝Poland 100.00%
Hyundai Motor DE Mexico S DE RL DE CV (HMM) ˝Mexico 100.00% HT 0.01%
Hyundai de Mexico, SA DE C.V., (HYMEX) Manufacturing ˝99.99% HT 99.99%
Hyundai Rio Vista, Inc. Real estate
development USA 100.00% HT 100.00%
Hyundai Motor Brasil Montadora de Automoveis
LTDA (HMB) Manufacturing Brazil 100.00%
Hyundai Capital Brasil Servicos De Assistencia
Financeira Ltda Financing ˝100.00% Hyundai Capital
Services 100.00%