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HYUNDAI MOTOR COMPANY Annual Report 2014
FINANCIAL STATEMENTS / 113112
8. NON-CURRENT ASSETS CLASSIFIED AS HELD FOR SALE:
Non-current assets classified as held for sale as of December 31, 2014 and 2013, consist of the following:
In millions of Korean Won
Description December 31, 2014 December 31, 2013
Land ￦ - ￦ 13,676
Buildings - 8,671
Vehicles 47,643 -
￦ 47,643 ￦ 22,347
The Group recognized a gain (other income) on disposals of ￦17,153 million and a loss (other expenses) on disposals of ￦244 million
as land and buildings, which were classified as non-current assets held for sale as of December 31, 2013, were disposed of during the
year ended December 31, 2014.
The Group has been committed to a plan to sell vehicles that were classified as held for sale as of December 31, 2014 and an active
programme to complete the plan has been initiated. The assets will be disposed within 12 months. No impairment loss on the non-cur-
rent assets classified as held for sale is recognized for the year ended December 31, 2014.
9. PROPERTY, PLANT AND EQUIPMENT:
(1) Property, plant and equipment as of December 31, 2014 and 2013, consist of the following:
In millions of Korean Won
December 31, 2014 December 31, 2013
Description
Acquisition
cost
Accumulated
depreciation(*) Book value
Acquisition
cost
Accumulated
depreciation(*) Book value
Land ￦ 5,801,178 ￦ -￦ 5,801,178 ￦ 5,770,486 ￦ - ￦ 5,770,486
Buildings 7,443,871 (2,206,379) 5,237,492 6,686,495 (1,991,035) 4,695,460
Structures 1,066,962 (469,523) 597,439 1,037,122 (448,432) 588,690
Machinery and equipment 13,019,812 (6,813,475) 6,206,337 12,243,086 (6,221,320) 6,021,766
Vehicles 283,659 (123,080) 160,579 283,518 (133,686) 149,832
Dies, molds and tools 6,689,376 (4,977,928) 1,711,448 5,997,667 (4,568,511) 1,429,156
Office equipment 1,484,990 (1,058,838) 426,152 1,329,759 (967,490) 362,269
Others 57,986 (28,790) 29,196 50,024 (19,388) 30,636
Construction in progress 2,372,438 -2,372,438 2,414,292 - 2,414,292
￦ 38,220,272 ￦ (15,678,013) ￦ 22,542,259 ￦ 35,812,449 ￦ (14,349,862) ￦ 21,462,587
(*) Accumulated impairment is included.
(2) The changes in property, plant and equipment (“PP&E”) for the year ended December 31, 2014, are as follows:
In millions of Korean Won
Description
Beginning
of the year Acquisitions
Transfers
within PP&E Disposals Depreciation Others (*)
End of
the year
Land ￦ 5,770,486 ￦ 16,234 ￦ 18,404 ￦ (150) ￦ - ￦ (3,796) ￦ 5,801,178
Buildings 4,695,460 11,752 889,295 (517) (219,615) (138,883) 5,237,492
Structures 588,690 13,825 91,233 (3,665) (54,307) (38,337) 597,439
Machinery and equipment 6,021,766 12,398 1,113,839 (31,876) (796,113) (113,677) 6,206,337
Vehicles 149,832 38,323 91,388 (26,172) (36,229) (56,563) 160,579
Dies, molds and tools 1,429,156 12,565 865,295 (4,879) (559,748) (30,941) 1,711,448
Office equipment 362,269 54,447 161,101 (1,234) (158,224) 7,793 426,152
Others 30,636 5,996 1,038 (187) (8,436) 149 29,196
Construction in progress 2,414,292 3,177,138 (3,231,593) (820) -13,421 2,372,438
￦ 21,462,587 ￦ 3,342,678 ￦ - ￦ (69,500) ￦ (1,832,672) ￦ (360,834) ￦ 22,542,259
(*) Others include the effect of foreign exchange differences and transfers from or to other accounts.
The changes in PP&E for the year ended December 31, 2013, were as follows:
In millions of Korean Won
Description
Beginning
of the year Acquisitions
Transfers
within PP&E Disposals Depreciation Others (*)
End of
the year
Land ￦ 5,799,466 ￦ 3,590 ￦ 39,145 ￦ (53,866) ￦ - ￦ (17,849) ￦ 5,770,486
Buildings 4,587,496 47,711 400,638 (54,997) (207,201) (78,187) 4,695,460
Structures 544,473 13,554 88,904 (4,866) (52,226) (1,149) 588,690
Machinery and equipment 5,833,154 21,627 1,146,144 (75,089) (789,330) (114,740) 6,021,766
Vehicles 181,964 24,995 20,096 (11,866) (37,775) (27,582) 149,832
Dies, molds and tools 1,485,672 8,476 488,754 (5,510) (519,678) (28,558) 1,429,156
Office equipment 371,028 64,387 76,365 (5,319) (144,820) 628 362,269
Others 34,293 3,120 1,623 (569) (7,797) (34) 30,636
Construction in progress 1,902,312 2,892,321 (2,261,669) (24,026) - (94,646) 2,414,292
￦ 20,739,858 ￦ 3,079,781 ￦ - ￦ (236,108) ￦ (1,758,827) ￦ (362,117) ￦ 21,462,587
(*) Others include the effect of foreign exchange differences and transfers from or to other accounts.
(3) The Group has entered into a real estate purchase contract with the Korea Electric Power Corporation for the year ended
December 31, 2014 and the amount of the contractual commitment for acquisition of the real estate is ￦5,802,500 million.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013