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HYUNDAI MOTOR COMPANY Annual Report 2014
FINANCIAL STATEMENTS / 137136
(5) Financial assets and liabilities subject to offsetting, financial instruments subject to an enforceable master netting
arrangement or similar agreement as of December 31, 2014, consist of the following:
In millions of Korean Won
Description
Gross
amounts of
recognized
financial
assets and
liabilities
Gross amounts of
recognized financial
assets and liabilities
set off in the
consolidated
statement of
financial position
Net amounts
of financial
assets and
liabilities
presented
in the
consolidated
statement
of financial
position
Related
amounts not
set off in the
consolidated
statement
of financial
position
- financial
instruments
Related
amounts
not set off
in the statement
of financial
position
-collateral
received
(pledged)
Net
amounts
Financial assets:
Trade notes and
accounts receivable
￦ 3,917,901 ￦ 116,275 ￦ 3,801,626 ￦ - ￦ - ￦ 3,801,626
Other receivables 3,421,842 277,916 3,143,926 - - 3,143,926
Financial assets at
FVTPL (*)
66,947 -66,947 - - 66,947
Derivative assets that
are effective hedging
instruments
39,002 -39,002 28,980 -10,022
￦ 7,445,692 ￦ 394,191 ￦ 7,051,501 ￦ 28,980 ￦ - ￦ 7,022,521
Financial liabilities:
Trade notes and
accounts payable
7,319,804 278,275 7,041,529 - - 7,041,529
Other payables 4,804,728 115,916 4,688,812 - - 4,688,812
Financial liabilities at
FVTPL (*)
10,331 -10,331 - - 10,331
Derivative liabilities
that are effective
hedging instruments
414,029 -414,029 28,980 -385,049
￦ 12,548,892 ￦ 394,191 ￦ 12,154,701 ￦ 28,980 ￦ - ￦ 12,125,721
(*) There are no derivative assets and liabilities that can be offset as of December 31, 2014. Therefore, derivative assets and liabilities do not meet the criteria for offsetting in
K-IFRS 1032, but the Group has a right of offsetting them in the event of default, insolvency or bankruptcy of the counterparty.
Financial assets and liabilities subject to offsetting, financial instruments subject to an enforceable master netting arrangement
or similar agreement as of December 31, 2013, consisted of the following:
In millions of Korean Won
Description
Gross
amounts of
recognized
financial
assetsand
liabilities
Gross amounts of
recognized financial
assets and liabilities
set off in the
consolidated
statement of
financial position
Net amounts
of financial
assets and
liabilities
presented
in the
consolidated
statement
of financial
position
Related
amounts not
set off in the
consolidated
statement
of financial
position
- financial
instruments
Related
amounts
not set off
in the statement
of financial
position
-collateral
received
(pledged)
Net
amounts
Financial assets:
Trade notes and
accounts receivable
￦ 3,590,967 ￦ 62,313 ￦ 3,528,654 ￦ - ￦ - ￦ 3,528,654
Other receivables 3,160,005 314,618 2,845,387 - - 2,845,387
Financial assets at
FVTPL (*)
34,637 -34,637 - - 34,637
Derivative assets that
are effective hedging
instruments
26,696 -26,696 24,438 -2,258
￦ 6,812,305 ￦ 376,931 ￦ 6,435,374 ￦ 24,438 ￦ - ￦ 6,410,936
Financial liabilities:
Trade notes and
accounts payable
6,972,764 250,024 6,722,740 - - 6,722,740
Other payables 4,830,361 126,907 4,703,454 - - 4,703,454
Financial liabilities at
FVTPL (*)
3,063 -3,063 - - 3,063
Derivative liabilities
that are effective
hedging instruments
561,408 -561,408 24,438 -536,970
￦ 12,367,596 ￦ 376,931 ￦ 11,990,665 ￦ 24,438 ￦ - ￦ 11,966,227
(*) There were no derivative assets and liabilities that can be offset as of December 31, 2013. Therefore, derivative assets and liabilities did not meet the criteria for offsetting
in K-IFRS 1032, but the Group had a right of offsetting them in the event of default, insolvency or bankruptcy of the counterparty.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013