Kia 2001 Annual Report Download - page 28
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Please find page 28 of the 2001 Kia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Financial Statements & Notes
Unlisted equity securities as of December 31, 2001 consist of the following:
Unlisted equity securities as of December 31, 2000 consist of the following:
Unlisted investment equity securities are stated at cost, except where an investee's net equity value has
declined and is not expected to recover. Total net equity value of unlisted investment equity securities as
at December 31, 2001 and 2000, amounted to 16,020 million ($12,081 thousand) and 8,688 million
($6,552 thousand), respectively, based on the investees' latest financial statements.
Debt securities as of December 31, 2001 consist of the following:
Debt securities as of December 31, 2000 consist of the following:
As the interest rates and repayment periods of corporate bonds were changed by mutual agreement in
1999, the difference between nominal value and present value was presented as bad debt expense,
and amortized using the effective interest method over the remaining period.
The Company has pledged part of its investment equity securities as collateral for various short-term and
long-term borrowings outstanding as of December 31, 2001 as follows:
As of December 31, 2001 inventories and property, plant and equipment are insured for 3,320,367
million ($2,503,859 thousand). In addition, the Company carries general insurance for vehicles and work-
ers' compensation and casualty insurance for employees. Also, the Company has insurance to cover
potential product liability arising from its product liability claims in North America with maximum coverage
of $50,000 thousand.
NOTES TO NON-CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
NOTES TO NON-CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
7,200 7,200 $ 5,430 0.40%
3,000 3,000 2,262 4.62%
2,000 2,000 1,508 3.33%
837 837 631 0.41%
700 700 528 2.41%
600 600 452 6.02%
550 550 415 9.20%
500 500 377 19.20%
240 240 181 19.23%
200 200 151 8.00%
168 168 127 0.22%
610 610 460
16,605 16,605 12,522
Korea Telecom I Com Co., Ltd.
Dongwon Capital Co., Ltd.
Daeshin Factoring Co., Ltd.
Shinsegi Telecom. Co., Ltd.
Kihyup Technology Banking Corp.
Mobil com. Co., Ltd.
A.P. Co., Ltd.
Donghui Auto Co., Ltd.
Dongyung Industries Co., Ltd.
Namyang Industrial Co., Ltd.
The Korea Economic Daily Co., Ltd.
Other
3,000 3,000 $ 2,262 4.62%
2,000 2,000 1,508 3.33%
837 837 631 0.27%
700 700 528 2.41%
600 600 452 5.20%
240 240 181 19.23%
200 200 151 8.00%
168 168 127 0.25%
516 516 389
8,261 8,261 6,229
Dongwon Capital Co., Ltd.
Daeshin Factoring Co., Ltd.
Shinsegi Telecom. Co., Ltd.
Kihyup Technology Banking Corp.
Mobil com. Co., Ltd.
Dongyung Industries Co., Ltd.
Namyang Industrial Co., Ltd.
The Korea Economic Daily Co., Ltd.
Other
Companies Acquisition cost
Present Value Discount
Book value Ownership
32,698 18,253 14,445 10,893
16,200 7,292 8,908 6,717
48,898 25,545 23,353 17,610
Corporate bonds:
Kia Steel Co., Ltd.
Seoul Guarantee Insurance Company
Korean won (In millions)
U.S. dollars (Note2)(in thousands)
Companies Acquisition cost
Present Value Discount
Book value Ownership
32,698 19,438 3,260 9,999
16,200 8,008 8,192 6,178
48,898 27,446 21,452 16,177
Corporate bonds:
Kia Steel Co., Ltd.
Seoul Guarantee Insurance Company
Korean won (In millions)
U.S. dollars (Note2)(in thousands)
175,100
3,474,738
306,160
1,500
Kia Steel Co., Ltd.
Wia Corporation
Kisan Mutual Saving's & Finance
Other
No. of shares pledgedCompany
5. INSURANCE:
Companies Acquisition cost Book value Book value Percentage of
Ownership
Korean won (In millions) U.S. dollars (Note2)(in thousands)
Companies Acquisition cost Book value Book value Percentage of
Ownership
Korean won (In millions) U.S. dollars (Note2)(in thousands)
52 53