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2002 KIA MO TO RS AN N UAL REPORT
70
71
Financial Statements & Notes
21. SUPPLEM ENTARY INFORM ATION FOR COM PUTATION OF VALUE ADDED
The accounts and amounts needed for calculation of value added are as follow s:
22. SELLING AND ADM INISTRATIVE EXPENSES
Selling and administrative expenses are as follow s:
NOTES TO NON-CONSOLIDATED FINANCIAL STATEM ENTS DECEM BER 31, 2002 AND 2001
23. GEOGRAPHIC SEGM ENT INFORM ATION
The following is a summary of sales by geographic area in 2002 and 2001.
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)
Ordinary income 801,310 424,151 667,536 353,341
Labor costs 1,609,923 1,362,850 1,341,155 1,135,330
Interest expense, net 13,865 75,455 11,550 62,858
Rent 10,984 10,580 9,150 8,814
Taxes and dues 20,011 20,373 16,670 16,972
Depreciation 462,596 452,117 385,369 376,639
2,918,689 2,345,526 2,431,430 1,953,954
2002 2001 2002 2001
Korean won U.S. dollars(Note 2)
(in millions) (in thousands)
Domestic sales 8,180,491 6,354,101 6,814,804 5,293,320
Export sales
North America 3,344,308 3,326,627 2,785,995 2,771,265
M iddle and South America 363,486 473,826 302,804 394,723
Europe 1,071,728 1,022,245 892,809 851,587
Others 1,096,437 1,179,547 913,393 982,629
5,875,959 6,002,245 4,895,001 5,000,204
14,056,450 12,356,346 11,709,805 10,293,524
2002 2001 2002 2001
Korean won U.S. dollars(Note 2)
(in millions) (in thousands)
Salaries and w ages 394,158 340,762 328,356 283,874
Sales promotion 264,175 209,699 220,072 174,691
Travel 14,473 14,996 12,057 12,493
Communications 9,880 11,471 8,231 9,556
Utilities 7,422 7,548 6,183 6,288
Taxes and dues 7,688 9,148 6,405 7,621
Rent 10,269 10,147 8,555 8,453
Depreciation and amortization 27,680 23,905 23,059 19,914
Repairs and maintenance 3,136 2,936 2,612 2,446
Advertising 90,954 71,273 75,770 59,374
Freight 40,343 35,693 33,608 29,734
Supplies and stationery 5,353 5,196 4,459 4,329
Commissions and fees 81,818 67,161 68,159 55,949
Education and training 6,177 5,674 5,146 4,727
Ordinary research and development 114,348 73,425 95,258 61,167
Overseas marketing 91,269 192,761 76,032 160,581
Export related expenses 308,003 293,532 256,584 244,528
Warranty 427,013 521,095 355,726 434,101
Provision for doubtful accounts - 168,676 - 140,516
M iscellaneous 14,069 10,249 11,719 8,537
1,918,228 2,075,347 1,597,991 1,728,879