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HYUNDAI MOTOR COMPANY Annual Report 2014
FINANCIAL STATEMENTS / 143142
(2) The computation of the proposed dividends for the year ended December 31, 2014, is as follows:
In millions of Korean Won, except per share amounts
Description Common stock 1st Preferred stock 2nd Preferred stock 3rd Preferred stock
Number of shares issued 220,276,479 25,109,982 37,613,865 2,478,299
Treasury stocks (11,632,277) (1,993,081) (1,053,727) (5,660)
Shares, net of treasury stocks 208,644,202 23,116,901 36,560,138 2,472,639
Par value per share ￦ 5,000 ￦ 5,000 ￦ 5,000 ￦ 5,000
Dividend rate 60% 61% 62% 61%
Dividends declared 625,933 70,507 113,336 7,542
Dividends per share ￦ 3,000 ￦ 3,050 ￦ 3,100 ￦ 3,050
Market price per share 169,000 126,500 134,000 117,000
Dividend yield ratio 1.8% 2.4% 2.3% 2.6%
The computation of the dividends for the year ended December 31, 2013, was as follows:
In millions of Korean Won, except per share amounts
Description Common stock 1st Preferred stock 2nd Preferred stock 3rd Preferred stock
Number of shares issued 220,276,479 25,109,982 37,613,865 2,478,299
Treasury stocks (11,006,710) (1,950,960) (1,000,000) -
Shares, net of treasury stocks 209,269,769 23,159,022 36,613,865 2,478,299
Par value per share ￦ 5,000 ￦ 5,000 ￦ 5,000 ￦ 5,000
Dividend rate 39% 40% 41% 40%
Dividends declared 408,076 46,318 75,058 4,957
Dividends per share ￦ 1,950 ￦ 2,000 ￦ 2,050 ￦ 2,000
Market price per share 236,500 125,000 130,500 114,500
Dividend yield ratio 0.8% 1.6% 1.6% 1.7%
25. SALES:
Sales for the years ended December 31, 2014 and 2013, consist of the following:
In millions of Korean Won
Description 2014 2013
Sales of goods ￦ 79,111,075 ￦ 77,371,830
Rendering of services 1,207,996 1,285,463
Royalties 209,129 230,642
Financial services revenue 8,455,068 8,205,197
Others 273,051 214,504
￦ 89,256,319 ￦ 87,307,636
26. SELLING AND ADMINISTRATIVE EXPENSES:
Selling and administrative expenses for the years ended December 31, 2014 and 2013, consist of the following:
In millions of Korean Won
Description 2014 2013
Selling expenses:
Export expenses ￦ 964,524 ￦ 951,362
Overseas market expenses 371,490 269,422
Advertisements and sales promotion 2,053,000 2,087,172
Sales commissions 615,214 602,845
Expenses for warranties 1,095,916 964,684
Transportation expenses 296,027 324,158
5,396,171 5,199,643
Administrative expenses:
Payroll 2,453,025 2,313,956
Post-employment benefits 148,160 168,825
Welfare expenses 368,228 363,299
Service charges 1,169,274 1,154,974
Research 792,715 722,732
Others 1,252,484 1,209,219
6,183,886 5,933,005
￦ 11,580,057 ￦ 11,132,648
27. GAIN ON INVESTMENTS IN JOINT VENTURES AND ASSOCIATES:
Gain on investments in joint ventures and associates for the years ended December 31, 2014 and 2013, consist of the following:
In millions of Korean Won
Description 2014 2013
Gain on share of earnings of equity-accounted investees, net ￦ 2,402,979 ￦ 2,748,647
Gain on disposals of investments in associates, net 13,367 308,462
Impairment loss on investments in associates (27,688) -
￦ 2,388,658 ￦ 3,057,109
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013