Kia 2001 Annual Report Download - page 29
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Please find page 29 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
54 55
Property, plant and equipment as of December 31, 2001 and 2000 consist of the following:
As of December 31, 2001, the Company's property, plant and equipment are pledged as collateral for
various long-term debt to a maximum of 1,115,595 million ($841,260 thousand), and certain machinery
of 173,771 million ($131,039 thousand) are mortgaged for various loans (see Notes 9 and 10).
The published value of the Company-owned land totals 1,137,165 million ($857,526 thousand), and
1,079,092 million ($813,734 thousand), respectively, as of December 31, 2001 and 2000, in terms of
land prices officially announced by the Korean government.
Intangibles as of December 31, 2001 and 2000 consist of the following:
Development costs as of December 31, 2001 and 2000 are as follows:
Other assets as of December 31, 2001 and 2000 consist of the following:
Short-term borrowings as of December 31, 2001 and 2000 amount to 53,519 million ($40,358 thou-
sand) and 74,390 million ($56,097 thousand), respectively, and consist of bank loans with annual inter-
est rate of 0.89 to 8.60 percent in 2001. These borrowings are secured by certain bank deposits, invest-
ment securities and property, plant and equipment (see Notes 4 and 6).
NOTES TO NON-CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
NOTES TO NON-CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2001 AND 2000
6. PROPERTY, PLANT AND EQUIPMENT:
7. INTANGIBLES:
2001 2000 2001 2000
1,203,497 1,167,047 907,546 880,059
1,915,268 1,797,479 1,444,286 1,355,463
42,411 40,490 31,982 30,533
997,678 895,099 752,340 674,986
147,335 125,039 111,104 94,291
4,306,189 4,025,154 3,247,258 3,035,332
(1,534,632) (1,149,780) (1,157,252) (867,039)
2,771,557 2,875,374 2,090,006 2,168,293
1,433,237 1,235,681 1080,791 931,816
98,643 407,936 74,386 307,621
4,303,437 4,518,991 3,245,183 3,407,730
Buildings and structures
Machinery and equipment
Vehicles
Tools, dies and molds
Office equipment
Less: Accumulated depreciation
Land
Construction in progress
Korean won (In millions) U.S. dollars (Note 2) (in thousands)
2001 2000 2001 2000
18,314 19,460 13,811 14,675
158,569 70,358 119,575 53,056
176,883 89,818 133,386 67,731
Industrial property rights
Development costs
Korean won (In millions) U.S. dollars (Note 2) (in thousands)
2001 2000 2001 2000
70,358 5,112 53,056 3,855
322,548 289,165 243,231 218,056
(211,515) (218,311) (159,502) (164,626)
(22,822) (5,608) (17,210) (4,229)
158,569 70,358 119,575 53,056
Beginning of the year
Addition:
Expenditures
Deduction:
Ordinary development expense
Amortization
End of the year
Korean won (In millions) U.S. dollars (Note 2) (in thousands)
2001 2000 2001 2000
61,467 83,895 $ 46,351 $ 63,264
10,113 11,139 7,626 8,400
131,883 109,120 99,452 82,287
48,244 33,980 36,381 25,624
251,707 238,134 $ 189,810 $ 179,575
Long-term deposits
Long-term trade notes and accounts receivable,
net of unamortized present value discount of
2,680 million in 2001 and 7,737 million
in 2000 (see Note 2) in 1999
Lease and rental deposits
Other
Total
Korean won (In millions) U.S. dollars (Note 2) (in thousands)
8. OTHER ASSETS:
9. SHORT-TERM BORROWINGS: