Kia 2003 Annual Report Download - page 52

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NON-CONSOLIDATED STATEMENTS OF CASH FLOWS
▶FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002
52 Kia Motors Corporation
2003 2002 2003 2002
Korean won (in millions) Translation into U.S. dollars (Note 2) (in thousands)
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization
Provision for severance benefits
Provision for warranties
Reversal of allowance for doubtful accounts
Loss (gain) on foreign currency translation,
net
Loss on valuation of inventories
Gain on valuation of equity securities
accounted for using the equity method,
net
Gain on disposal of investments, net
Impairment loss of investments
Loss on disposal of property, plant and
equipment, net
Amortization of present value discount, net
Compensation expenses on stock options,
net
Loss on valuation of derivatives
Loss on disposal of accounts receivables
Miscellaneous loss
Changes in operating assets and liabilities:
Decrease in trade notes and accounts
receivable
Decrease (Increase) in long-term notes and
accounts receivable
Increase in inventories
Decrease in advances and other receivables
Decrease (Increase) in other current assets
Decrease (Increase) in deferred income tax
assets
Increase in trade notes and accounts payable
Increase (Decrease) in accounts payable-
other
Decrease in other current liabilities
Increase in corporate income tax payable
Payment of warranties
Payment of severance benefits
Other
705,423
468,105
209,909
344,610
(6,251)
19,338
3,395
(53,250)
(5,563)
-
55,755
(4,145)
1,064
48,820
33,965
-
122,675
4,731
(194,115)
47,122
6,613
(11,002)
95,160
(74,981)
(11,153)
23,912
(311,859)
(64,145)
3,200
1,457,333
641,379
459,630
222,579
374,783
(5,921)
(47,661)
2,520
(43,776)
(1,767)
2,550
42,873
864
(368)
-
40,420
3,631
218,008
(1,164)
(67,121)
195,072
(13,750)
54,561
282,928
50,216
(26,730)
70,099
(296,366)
(55,409)
3,590
2,105,670
588,932
390,805
175,246
287,703
(5,219)
16,144
2,834
(44,457)
(4,645)
-
46,548
(3,460)
888
40,758
28,356
-
102,417
3,950
(162,060)
39,340
5,520
(9,185)
79,445
(62,599)
(9,311)
19,964
(260,360)
(53,552)
2,673
1,216,675
535,464
383,728
185,823
312,893
(4,943)
(39,790)
2,104
(36,547)
(1,476)
2,129
35,794
721
(308)
-
33,745
3,031
182,007
(972)
(56,037)
162,859
(11,479)
45,551
236,207
41,924
(22,316)
58,523
(247,425)
(46,259)
2,996
1,757,947
￦￦＄＄