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HYUNDAI MOTOR COMPANY Annual Report 2014
FINANCIAL STATEMENTS / 161160
As of December 31, 2013, significant balances related to the transactions between the Group and related parties or affiliates by
the Act were as follows:
In millions of Korean Won
Description
Receivables Payables
Trade notes
and accounts
receivable
Other
receivables
and others
Trade notes
and accounts
payable
Other
payables
and others
Entity with
significant
influence over
the Company
Hyundai MOBIS Co., Ltd. ￦ 145,178 ￦ 29,937 ￦ 816,009 ￦ 167,061
Hyundai Life Insurance Co., Ltd. 1,078 38,369 102 1,398
Mobis Alabama, LLC - 1,290 78,629 -
Mobis Automotive Czech s.r.o. 45 546 98,762 -
Mobis India, Ltd. 543 10,496 96,200 -
Mobis Parts America, LLC 2,280 211,572 36,595 -
Mobis Parts Europe N.V. 682 1,192 22,824 -
Mobis Module CIS, LLC - 51 25,484 1
Others 12,861 3,699 44,554 149
Joint ventures
and associates
Kia Motors Corporation 229,225 284,253 51,676 115,888
Kia Motors Manufacturing Georgia, Inc. 39,286 13,531 145,327 99
Kia Motors Russia LLC 107,096 - - 339
Kia Motors Slovakia s.r.o. 7,181 7,121 42,431 19,673
Kia Motors America, Inc. - 49,828 72 382
BHMC 172,422 9,743 386 214
HMGC 16,300 2,245 -1,676
Hyundai WIA Corporation 37,711 28,591 131,423 43,575
Hyundai HYSCO Co., Ltd. 1,269 2,354 15,460 4,025
Others 119,489 40,330 379,266 349,067
Other related parties 699 4,362 158,542 139,193
Affiliates by the Act 148,752 22,116 488,217 430,285
(3) Significant fund transactions and equity contribution transactions for the year ended December 31, 2014, between the Group
and related parties are as follows:
In thousands of U.S. Dollars, In millions of Korean Won
Loans Borrowings
Equity contribution
Description Lending Collection Borrowing Repayment
Joint ventures and associates $ - $ - $ - $ 362 ￦ 130,417
Significant fund transactions and equity contribution transactions for the year ended December 31, 2013, between the Group and
related parties were as follows :
In thousands of U.S. Dollars, In millions of Korean Won
Loans Borrowings
Equity contribution
Description Lending Collection Borrowing Repayment
Entity with significant influence over the Company $ 200,000 $ - $ - $ - ￦ -
Joint ventures and associates - 253 -50,265 131,088
(4) Compensation of registered and unregistered directors, who are considered to be the key management personnel for the
years ended December 31, 2014 and 2013, are as follows:
In millions of Korean Won
Description 2014 2013
Short-term employee salaries ￦ 178,844 ￦ 158,875
Post-employment benefits 33,179 30,329
Other long-term benefits 623 413
￦ 212,646 ￦ 189,617
37. COMMITMENTS AND CONTINGENCIES:
(1) As of December 31, 2014, the debt guarantees provided by the Group, excluding the ones provided to the Company’s
subsidiaries, are as follows:
In millions of Korean Won
Description Domestic Overseas (*)
To associates ￦ - ￦ 97,248
To others 139,290 1,033,860
￦ 139,290 ￦ 1,131,108
(*) The guarantee amounts in foreign currency are translated into Korean Won using the Base Rate announced by Seoul Money Brokerage Services, Ltd. as of December 31, 2014.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013