Hyundai 2014 Annual Report Download - page 68

Download and view the complete annual report

Please find page 68 of the 2014 Hyundai annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

HYUNDAI MOTOR COMPANY Annual Report 2014
FINANCIAL STATEMENTS / 135134
Fair value measurements of financial instruments by fair-value hierarchy levels as of December 31, 2014, are as follows:
In millions of Korean Won
Description Level 1 Level 2 Level 3 Total
Financial assets :
Financial assets at FVTPL ￦ 106,293 ￦ 14,751,430 ￦ - ￦ 14,857,723
Derivatives designated as hedging instruments - 39,002 -39,002
AFS financial assets 1,877,566 141,017 247,483 2,266,066
￦ 1,983,859 ￦ 14,931,449 ￦ 247,483 ￦ 17,162,791
Financial liabilities :
Financial liabilities at FVTPL ￦ - ￦ 10,331 ￦ - ￦ 10,331
Derivatives designated as hedging instruments - 414,029 -414,029
￦ - ￦ 424,360 ￦ - ￦ 424,360
Fair value measurements of financial instruments by fair-value hierarchy levels as of December 31, 2013, were as follows:
In millions of Korean Won
Description Level 1 Level 2 Level 3 Total
Financial assets :
Financial assets at FVTPL ￦ 38,927 ￦ 409,965 ￦ - ￦ 448,892
Derivatives designated as hedging instruments - 26,696 -26,696
AFS financial assets 2,187,434 98,620 229,342 2,515,396
￦ 2,226,361 ￦ 535,281 ￦ 229,342 ￦ 2,990,984
Financial liabilities :
Financial liabilities at FVTPL ￦ - ￦ 3,063 ￦ - ￦ 3,063
Derivatives designated as hedging instruments - 561,408 -561,408
￦ - ￦ 564,471 ￦ - ￦ 564,471
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013
The changes in financial instruments classified as Level 3 for the year ended December 31, 2014, are as follows:
In millions of Korean Won
Description Beginning of the year Purchases Disposals Valuation Transfers End of the year
AFS financial assets ￦ 229,342 ￦ 12,547 ￦ (183) ￦ (9,428) ￦ 15,205 ￦ 247,483
The changes in financial instruments classified as Level 3 for the year ended December 31, 2013, were as follows:
In millions of Korean Won
Description Beginning of the year Purchases Disposals Valuation Transfers End of the year
AFS financial assets ￦ 264,103 ￦ 2,829 ￦ (42,064) ￦ 4,474 ￦ - ￦ 229,342
(4) Interest income, dividend income and interest expenses by categories of financial instruments for the years ended December
31, 2014 and 2013, consist of the following:
In millions of Korean Won
2014 2013
Description
Interest
income
Dividend
income
Interest
expenses
Interest
income
Dividend
income
Interest
expenses
Non-financial services :
Loans and receivables ￦ 235,429 ￦ -￦ -￦ 573,439 ￦ - ￦ -
Financial assets at FVTPL 415,673 - - - - -
AFS financial assets 1,321 29,860 -961 11,096 -
Financial liabilities carried at
amortized cost - - 198,501 - - 229,750
￦ 652,423 ￦ 29,860 ￦ 198,501 ￦ 574,400 ￦ 11,096 ￦ 229,750
Financial services :
Loans and receivables ￦ 2,467,008 ￦ - ￦ - ￦ 2,640,111 ￦ - ￦ -
Financial assets at FVTPL 28,807 - - 6,141 - -
AFS financial assets 1,197 - - - - -
Financial liabilities
carried at amortized cost - - 1,340,995 - - 1,351,481
￦ 2,497,012 ￦ - ￦ 1,340,995 ￦ 2,646,252 ￦ - ￦ 1,351,481