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HYUNDAI MOTOR COMPANY Annual Report 2015
94 95
Summarized financial position and results of operations of the Company’s major consolidated subsidiaries as of and for the year
ended December 31, 2014 are as follows:
In millions of Korean Won
Name of subsidiaries Assets Liabilities Sales
Profit (loss)
for the year
Hyundai Capital Services, Inc. (*) ￦ 22,538,708 ￦ 19,101,141 ￦ 3,011,804 ￦ 237,705
Hyundai Card Co., Ltd. (*) 12,397,420 9,842,039 2,617,995 223,514
Hyundai Rotem Company (*) 4,400,828 2,662,157 3,191,088 (15,109)
Hyundai KEFICO Corporation (*) 1,054,525 557,785 1,741,520 81,572
HCA (*) 30,361,736 27,835,212 5,342,308 266,867
HMA 6,516,465 3,795,729 16,812,738 378,405
HMMA 3,306,417 1,394,335 7,436,941 362,485
HMMC 3,241,318 1,646,741 5,397,857 440,955
HMI (*) 2,115,173 1,029,825 4,636,707 200,999
HME (*) 1,298,995 1,292,923 6,734,387 (38,666)
HACC (*) 998,306 538,314 2,939,635 67,576
HMMR 884,601 550,768 2,384,202 22,464
HMCA 696,189 498,732 1,972,615 61,715
(*) Based on the subsidiary’s consolidated financial statements.
(3) The financial statements of all subsidiaries, which are used in the preparation of the consolidated financial state-
ments, are prepared for the same reporting periods as the Company’s.
(4) Summarized cash flows of non-wholly owned subsidiaries that have material non-controlling interests to the Group
as of December 31, 2015 are as follows:
In millions of Korean Won
Description
Hyundai Capital
Services, Inc.
Hyundai Card
Co., Ltd.
Hyundai Rotem
Company
Cash flows from operating activities ￦ (1,211,629) ￦ (491,197) ￦ (564,482)
Cash flows from investing activities (27,584) (65,691) (55,275)
Cash flows from financing activities 1,493,870 894,933 764,150
Effect of exchange rate changes on cash and
cash equivalents - - (6,827)
Net increase in cash and cash equivalents ￦ 254,657 ￦ 338,045 ￦ 137,566
Summarized cash flows of non-wholly owned subsidiaries that had material non-controlling interests to the Group as of Decem-
ber 31, 2014 are as follows:
In millions of Korean Won
Description
Hyundai Capital
Services, Inc.
Hyundai Card
Co., Ltd.
Hyundai Rotem
Company
Cash flows from operating activities ￦ (976,758) ￦ (1,351,845) ￦ (188,798)
Cash flows from investing activities (64,890) (141,427) (57,753)
Cash flows from financing activities 147,298 695,513 245,511
Effect of exchange rate changes on cash and
cash equivalents (43) -119
Net increase in cash and cash equivalents ￦ (894,393) ￦ (797,759) ￦ (921)
(5) Details of non-wholly owned subsidiaries of the Company that have material non-controlling interests as of Decem-
ber 31, 2015 are as follows:
In millions of Korean Won
Description
Hyundai Capital
Services, Inc.
Hyundai Card
Co., Ltd.
Hyundai Rotem
Company
Ownership percentage of non-controlling interests 43.53% 63.04% 56.64%
Non-controlling interests ￦ 1,525,106 ￦ 1,572,331 ￦ 886,119
Profit (loss) attributable to non-controlling interests 117,536 117,742 (171,742)
Dividends paid to non-controlling interests 108,794 157,511 230
Details of non-wholly owned subsidiaries of the Company that had material non-controlling interests as of December 31, 2014
are as follows:
In millions of Korean Won
Description
Hyundai Capital
Services, Inc.
Hyundai Card
Co., Ltd.
Hyundai Rotem
Company
Ownership percentage of non-controlling interests 43.53% 63.04% 56.64%
Non-controlling interests ￦ 1,496,716 ￦ 1,611,007 ￦ 1,056,862
Profit (loss) attributable to non-controlling interests 104,053 140,912 (11,870)
Dividends paid to non-controlling interests - - 6,984
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014