Kia 2004 Annual Report Download - page 60

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Non-Consolidated
Statements of Cash Flows For the Years Ended December 31, 2004 and 2003
60
KIA Motors_2004 Annual Report
Cash flows from operating activities:
Net incom e
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization
Provision for severance benefits
Provision for warranties
Reversal of allow ance for doubtful accounts
Loss (Gain) on foreign currency translation, net
Loss on retirement 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
equipm ent, net
Amortization of present value discount
Amortization of discount on debentures issued, net
Com pensation expenses on stock options, net
Loss on valuation of derivatives
Loss on disposal of accounts receivable
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 in deferred income tax assets
Increase in trade notes and accounts payable
Increase (Decrease) in accounts payable-other
Increase (Decrease) in other current liabilities
Increase (Decrease) in corporate income tax payable
Payment of warranties
Payment of severance benefits
Other
690,569
524,969
229,526
329,468
(90,396)
(134,115)
5,844
(58,545)
(10,221)
185
40,723
(2,839)
643
589
–
57,270
18,148
85,117
(1,891)
(199,758)
92,972
(5,705)
24,674
311,807
152,074
1,982
(49,705)
(292,714)
(133,368)
6,052
1,593,355
￦
￦
769,393
468,105
209,909
344,610
(6,251)
19,338
3,395
(153,781)
(5,563)
–
55,755
(6,597)
2,452
1,064
48,820
33,965
–
122,675
4,731
(194,115)
18,266
35,469
15,858
95,160
(74,981)
(11,153)
23,912
(311,859)
(64,145)
3,200
1,447,632
661,591
502,940
219,895
315,643
(86,603)
(128,487)
5,599
(56,088)
(9,792)
177
39,014
(2,720)
616
564
–
54,867
17,386
81,545
(1,812)
(191,376)
89,071
(5,466)
23,639
298,723
145,693
1,899
(47,619)
(280,431)
(127,772)
5,799
1,526,495
737,108
448,462
201,101
330,149
(5,989)
18,527
3,253
(147,328)
(5,330)
–
53,415
(6,320)
2,349
1,019
46,771
32,540
–
117,527
4,532
(185,970)
17,500
33,981
15,193
91,167
(71,835)
(10,685)
22,909
(298,773)
(61,453)
3,066
1,386,886
￦
￦
＄
＄
＄
＄
Korean won
(in millions) Translation into U.S.dollars (Note 2)
(in thousands)
2004 2003 2004 2003