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2002 KIA MO TO RS AN N UAL REPORT
6
0
61
Financial Statements & Notes
Development costs as of December 31, 2002 and 2001 are as follow s:
8. OTHER ASSETS
Other assets as of December 31, 2002 and 2001 consist of the follow ing:
9. SHORT-TERM BORROWINGS
Short-term borrow ings as of December 31, 2002 and 2001 amount to 41,299 million ($34,404 thousand) and 53,519 million ($44,584 thousand),
respectively, and consist of bank loans w ith annual interest rate ranging from 1.03 to 8.60 percent in 2002. These borrow ings are secured by investment
securities and property, plant and equipment (see Notes 4 and 6).
10. LONG-TERM DEBT
Long-term debt as of December 31, 2002 and 2001 consist of the follow ing:
NOTES TO NON-CONSOLIDATED FINANCIAL STATEM ENTS DECEM BER 31, 2002 AND 2001
Debentures as of December 31, 2002 and 2001 consist of the follow ing:
NOTES TO NON-CONSOLIDATED FINANCIAL STATEM ENTS DECEM BER 31, 2002 AND 2001
2002 2001 2002 2001
Korean won U.S. dollars(Note 2)
(in millions) (in thousands)
Industrial property rights 16,788 18,314 13,986 15,257
Development costs 282,936 158,569 235,701 132,097
299,724 176,883 249,687 147,354
2002 2001 2002 2001
Korean won U.S. dollars(Note 2)
(in millions) (in thousands)
Beginning of the year 158,569 70,358 132,097 58,612
Addition:
Expenditures 392,513 299,726 326,985 249,688
Deduction:
Ordinary development expense (232,002) (188,693) (193,271) (157,191)
Amortization (36,144) (22,822) (30,110) (19,012)
End of the year 282,936 158,569 235,701 132,097
2002 2001 2002 2001
Korean won U.S. dollars(Note 2)
(in millions) (in thousands)
Long-term deposits 59,261 61,467 49,368 51,205
Long-term trade notes and accounts receivable, net of
unamortized present value discount of 2,369 million
in 2002 and 2,680 million in 2001 (see Note 2) 11,588 10,113 9,653 8,425
Lease and rental deposits 134,849 131,883 112,337 109,866
Other 34,640 48,244 28,857 40,190
Total 240,338 251,707 200,215 209,686
2002 2002 2001 2002 2001
Annual Korean won U.S. dollars(Note 2)
interest rate (%) (in millions) (in thousands)
Debentures 769,476 817,310 641,016 680,865
Local currency loans
Reorganization claims 524,855 942,547 437,234 785,194
Other loans 1.0~6.0 20,335 17,928 16,940 14,935
545,190 960,475 454,174 800,129
Foreign currency loans
Reorganization claims 148,611 223,563 123,801 186,240
Total long-term debt 1,463,277 2,001,348 1,218,991 1,667,234
Less: Current maturities (112,551) (362,415) (93,761) (301,912)
1,350,726 1 ,638,933 1,125,230 1,365,322
2002 2002 2001 2002 2001
Annual Korean won U.S. dollars(Note 2)
Series Maturity interest rate (%) (in millions) (in thousands)
Local currency
258 th December 2002 7.0 -200,000 -166,611
259 th February 2004 7.0 250,000 250,000 208,264 208,264
Foreign currency
260 th July 2006 9.4 228,076 251,959 190,000 209,896
261 st December 2004 3.5 120,040 132,610 100,000 110,472
262 nd May 2005 3.1 180,060 - 150,000 -
778,176 834,569 648,264 695,243
Less : discount of debentures issued (8,700) (17,259) (7,248) (14,378)
769,476 817,310 641,016 680,865
Less : current maturities of debentures - (194,736) - (162,226)
769,476 622,574 641,016 518,639