Kia 2000 Annual Report Download

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231, Yangjae-Dong, Seocho-Gu,
Seoul, 137-938, Korea
TEL: 82-2-3464-1114
http : //www.kia.co.kr
2000
KIA MOTORS
ANNUAL
REPORT
www. .co.kr
www. .co.kr
2000 KIA MO TORS AN N UAL REPO RT

Table of contents

  • Page 1
    2000 KIA M O TO RS A N N UA L REPO RT 2 0 0 0 KIA M OTORS A N N U A L R E P O R T 231, Yangjae-Dong, Seocho-Gu, Seoul, 137-938, Korea TEL: 82-2-3464-1114 http : //www.kia.co.kr w w w. .co.kr

  • Page 2
    .... Building customer trust w ith w orld-class quality Production, quality, R&D M ain developments Report of independent public accountants Financial statements History / Challenging the w orld s best automakers 2000 1999 1998 1997 81,693 76,813 49,932 89,529 Export Domestic Total assets The Kia...

  • Page 3
    w w w .kia.co.kr Once again, Kia is running strong. Kia possesses unique character and energy, enabling us to produce true value even when the going gets tough. Based on these attributes, we realized complete normalization of operations after overcoming legal proceedings in an amazingly short ...

  • Page 4
    ... an indomitable will and a pioneering spirit, Kia has overcome the difficulties of the past. And now, Kia enters the 21st century armed with true quality and tough competitiveness, ready to challenge the 5th spot among the world s elite automakers. Kia Motor Co., Ltd. CEO and Chairman Chung, Mong

  • Page 5
    ... and development. Once again, we ask you for your continued devotion, support and encouragement in order to make Kia a world-class automobile producer. In closing, I humbly thank you for attending the 57th annual shareholders meeting. May you enjoy the best of health and happiness in 2001. 17th...

  • Page 6
    ....co.kr Kia - We re back again w ith unbeatable competitiveness. To get ahead in today s global market, you have to be a tough competitor. Kia has recorded two consecutive years of profitability through world-class quality and aggressive marketing. Today, Kia is growing even stronger both at home...

  • Page 7
    ...the new Rio, Spectra and Optima models. These products helped to account for a 40% year-on-year sales increase or a total of 123,000 vehicles. In the RV market, improvements in the Carnival, Carens and Car Star enabled Kia to sell 181,000 vehicles (a 17% increase) and establish competitive dominance...

  • Page 8
    ...salespeople from around the world to Korea as part of our New Millennium Tour. We improved services by establishing overseas regional offices staffed by sales specialists. These offices allowed us to get closer to local markets and operate quality control centers. For 2001, Kia has set an aggressive...

  • Page 9
    ... of Kindness, Speed and Accuracy, and Kia last year introduced a real-name maintenance system at every service center. The result is vastly improved maintenance accountability and customer satisfaction indexes. Also last year, Kia carried out a variety of activities under a two-part policy calling...

  • Page 10
    ... .kia.co.kr 2000 Paris-Dhaka Rally Kia builds customer trust around the globe w ith w orld-class quality. Quality is the ultimate strategy when it comes to winning customers. Kia s belief that a company has to be the best in product and service quality is winning the hearts and minds of customers...

  • Page 11
    ... Kia researcher is also working to ensure basic cost planning is reflected in each new model that comes out. â-€â-€â-€â-€ System of frequent inspections in action on the Carnival production line â-€â-€â-€ Finished cars undergoing high-speed performance tests â-€â-€ â-€ Quality control center...

  • Page 12
    ...systematic improvement in everything from new model development and manufacturing to parts quality. The real-name maintenance system was also incorporated into our after-sales services, and Kia service has come to be recognized for its Kindness, Speed and Accuracy. 1. Creation of the nation s first...

  • Page 13
    .... 2000 KIA MO TO RS AN N UAL REPO RT FIN AN CIAL ST ATEMEN TS Report of Independent Public Accountants 25 27 29 30 10. Employee training and social w elfare Last year, since overcoming past obstacles, Kia held a shareholders meeting and started hiring university graduates for the first time in...

  • Page 14
    ... of Kia Motors Corporation as of December 31, 2000 and 1999, and the results of its operations, changes in its accumulated deficit and its cash flows for the years then ended in conformity with financial accounting standards in the Republic of Korea . The accompanying financial statements are...

  • Page 15
    ... Translation into U.S. dollars (In thousands) 2000 ASSETS Current assets: Cash and cash equivalents Short-term financial instruments Marketable securities Trade notes and accounts receivable, net of unamortized present value discount of 4,188 million in 2000 and 134,287 million in 2000 and 374,160...

  • Page 16
    ...) Translation into U.S. dollars (In thousands) 2000 Sales Cost of sales Gross profit Selling and administrative expenses Operating income Other income, net: Interest expense Foreign exchange loss Reversal of allowance for doubtful accounts Loss on valuation of marketable securities, net Loss on...

  • Page 17
    KIA MO TO RS FULL LIN E UP (1t) (1t, 4WD) (1.3 t) (2.5 t) (Dump truck) (Wrecker) (1.3t Refrigerator Van Truck) (2.5t Keeper Van Truck) (2.5t Home Lorry) (Trash Dump Truck) (5t Cargo Truck) (1 1/4t Cargo Truck) (2 1/2t Cargo Truck) (5t)

  • Page 18
    ... luxury sedan begun. / Kia Enterprise basketball team established. Ground broken for economy car plant in Indonesia. / Development of the 3,600cc J6D, Korea s largest engine, completed. Production of the Bongo Frontier begun. / Production of the Sephia II begun. / Production of the Delta small sedan...