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2002 KIA MO TO RS AN N UAL REPORT
3839
Operational Report / Auditor' s Report
Details on the expected amount of cash dividends to be paid out are as follow s:
10. KEY ISSUES AFTER FISCAL YEAR CLOSURE
No key issues to report.
11. IM PORTANT POINTS RELATED TO OTHER BUSINESS
January 1, 2002 ~ December 31, 2002
Dongyung Industries
Hyundai Mobis
INI Steel
Kia Japan, Co., Ltd
Kia Motors America, Inc.
Kia Motors Deutschland GmbH.
Kia Motors Europe Gmbh.
Yan ji Kia Motors A/S
Kia Canada, Inc
Dongfeng∙Yueda-Kia Motors Co., Ltd
Asia Motors Do Brazil
PT. Kia Timor Motors
Wuhan Grand Motor Co., Ltd
Kia Service Philippines
Kia-Ihlas Motor A.S.
〃115,382 19.2
〃13,858,120 16.3
〃18,159,517 15.6
〃85,800 100.0
〃1,000,000 100.0
〃Limited Company 100.0
〃Limited Company 100.0
〃Limited Company 100.0
〃3.054 82.5
〃Limited Company 50.0
〃87,206,990 43.0
〃30,000 30.0
〃Limited Company 21.4
〃60,000 20.0
〃Limited Company 15.0
9. M AJOR CREDITORS
Korea Development Bank 178,994
Kyobo Life Insurance 49,636
Bankers Trust Company 39,283
SG ABS 33,595
Korea Development Leasing Corporation 29,527
12,948,790
6,746,368
-
-
2,458,580
3.5%
1.8%
-
Name Credit Outstanding Shares Held Equity Share
Type of Stock No. of Shares Par Value Payout Ratio Expected Payout
(Won, Shares)
(Shares, millions of Won)
Common Stock 369,730,455
(Treasury Stock) (1,609,158)
368,121,297 5,000 5% 92,030 mn.
Net Income 641,379 mn.
Dividend Propensity 14.35%
The company's dividend yield rate for the fiscal year is 2.6% (dividends per share of 250÷closing share price on dividend basic date of 9,600).
We, members of the Kia Motors Auditing Committee, hereby submit the results of our audit of the
Company's accounting and business operations for the 59th Fiscal Year, starting on January 1, 2002 and
ending on December 31, 2002.
1. Auditing Approach
The accounting audit was conducted by reading the account books and related documents and careful-
ly examining the financial reports and their attached statements. Contrastive, documentary, admis-
sive, referential and other appropriate auditing procedures were applied whenever deemed necessary
in the conduct this audit.
We attended the Board of Directors' meetings and other important meetings to in the performance of
our operational audit, and we received reports from the directors when deemed necessary. We also
carefully examined documents related to all major operational activities.
2. Notes on the Balance Sheet & Income Statement
The Balance Sheet and Income Statement accurately present the Company's assets and profitability in
accordance with the Articles of Incorporation and Korean Law.
3. Notes on the Report on Appropriations of Retained Earnings
The Report on Appropriations of Retained Earnings has been prepared in accordance with the Articles
of Incorporation and Korean Law.
4. Notes on the Annual Report
The Annual Report accurately presents the Company's operational status in accordance with the
Articles of Incorporation and Korean Law.
AUDITOR'S REPORT
February 20, 2003
Kia Motors Coporation
Audit Committee
Chairman of Audit Committee Kim, Jong-chang