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HYUNDAI MOTOR COMPANY Annual Report 2014
FINANCIAL STATEMENTS / 111110
(3) Equity instruments classified into AFS financial assets as of December 31, 2014 and 2013, consist of the following:
In millions of Korean Won
December 31, 2014 December 31, 2013
Name of the company
Ownership
percentage
Acquisition
cost
Valuation
difference Book value Book value
Hyundai Steel Co., Ltd. 7.87% ￦ 791,681 ￦ (209,158) ￦ 582,523 ￦ 791,681
Hyundai Glovis Co., Ltd. 4.88% 210,688 323,031 533,719 422,947
Korea Aerospace Industries, Co., Ltd. 10.00% 151,086 236,865 387,951 282,678
Hyundai Heavy Industries Co., Ltd. 2.88% 56,924 194,926 251,850 562,830
Hyundai Oil Refinery Co., Ltd. 4.35% 53,734 84,555 138,289 145,523
Hyundai Green Food Co., Ltd. 2.36% 15,005 28,726 43,731 38,769
Hyundai Development Company 0.60% 9,025 8,390 17,415 10,440
Hyundai Finance Corporation 9.29% 9,888 477 10,365 10,666
KT Corporation 0.09% 8,655 (1,152) 7,503 7,575
NICE Holdings Co., Ltd. 1.30% 3,491 4,006 7,497 5,801
Doosan Capital Co., Ltd. 7.14% 10,000 (2,744) 7,256 10,348
Hyundai Merchant Marine Co., Ltd. 0.38% 9,161 (2,231) 6,930 7,900
NICE Information Service Co., Ltd. 2.25% 3,312 3,149 6,461 4,180
Ubivelox Co., Ltd. 5.15% 1,710 2,360 4,070 4,585
Hyundai Asan Corporation 1.88% 22,500 (20,383) 2,117 2,117
Nesscap, Inc. 4.47% 1,997 (798) 1,199 1,104
Others 101,878 (4,035) 97,843 82,012
￦ 1,460,735 ￦ 645,984 ￦ 2,106,719 ￦ 2,391,156
As of December 31, 2014, the valuation difference between the book value and the acquisition cost of AFS equity instruments in-
cludes the cumulative impairment loss of ￦24,968 million.
6. INVENTORIES:
Inventories as of December 31, 2014 and 2013, consist of the following:
In millions of Korean Won
Description December 31, 2014 December 31, 2013
Finished goods ￦ 4,178,587 ￦ 3,771,488
Merchandise 108,428 105,385
Semi-finished goods 428,282 434,834
Work in progress 360,888 410,024
Raw materials 1,232,731 1,138,616
Supplies 236,715 204,657
Materials in transit 437,564 540,666
Others 434,044 467,446
Total (*) ￦ 7,417,239 ￦ 7,073,116
(*) As of December 31, 2014 and 2013, valuation allowance in amount of ￦69,434 million and ￦81,145 million, respectively, is included.
7. OTHER ASSETS:
Other assets as of December 31, 2014 and 2013, consist of the following:
In millions of Korean Won
December 31, 2014 December 31, 2013
Description Current Non-current Current Non-current
Accrued income ￦ 424,478 ￦ 10,003 ￦ 362,854 ￦ 498
Advanced payments 568,905 -700,542 -
Prepaid expenses 295,665 201,836 291,282 90,589
Prepaid value added tax and others 284,647 22,814 313,258 63,813
￦ 1,573,695 ￦ 234,653 ￦ 1,667,936 ￦ 154,900
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013