Kia 2004 Annual Report Download - page 68

Download and view the complete annual report

Please find page 68 of the 2004 Kia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

Notes to Non-Consolidated
Financial Statements As of December 31, 2004 and 2003
68
KIA Motors_2004 Annual Report
4. LONG-TERM INVESTMENT SECURITIES
(1) Long-term investm ent securities as of December 31, 2004 and 2003 consist of the follow ing:
(2) Available-for-sale securities included in long-term investment securities as of December 31, 2004 consist of the following:
Available-for-sale securities are valued at fair value. How ever, available-for-sale securities that do not have a quoted market price in an active market and whose fair
value cannot be reliably measured are valued at cost. The difference between the book value and the acquisition cost of available-for-sale securities, am ounting to
￦137,565 million (US$131,792 thousand) as of December 31, 2004, consist of gain on valuation of long-term investm ent securities of ￦140,115 million
(US$134,235 million) reflected in capital adjustments and an impairm ent loss of investment of ￦2,550 million (US$2,443 thousand) in 2002.
276,109
2,502
278,611
￦
￦
2004 2003 2004 2003
218,673
21,268
239,941
￦
￦
264,523
2,397
266,920
＄
＄
209,497
20,376
229,873
＄
＄
Available-for-sale securities
Held-to-maturity securities
Korean won
(In millions) U.S. dollars (Note 2)
(In thousands)
99,999
10,056
7,200
854
347
30
3,000
1,024
700
600
241
200
168
10,786
3,339
138,544
￦
￦
Acquisition costCompany Book value Book value Percentage of ownership (% )
245,153
7,375
5,497
543
31
1
3,000
1,024
700
600
241
200
168
10,786
790
276,109
￦
￦
234,865
7,066
5,266
520
30
1
2,874
981
671
575
231
192
161
10,333
757
264,523
＄
＄
19.87
0.66
0.12
0.17
0.38
1.77
19.99
2.41
5.80
19.23
8.00
0.22
–
–
Listed equity securities:
INI Steel Co., Ltd.
LG Telecom Co., Ltd.
KT Freetel Co., Ltd.
SeAH Besteel Co., Ltd (formerly Kia
Steel Co., Ltd.)
Kanglim Specific Equipment
Automotive Co., Ltd.
Other
Unlisted equity securities:
Dongwon Capital Co., Ltd.
Asset Management Co., Ltd.
Kihyup Technology Banking Corp.
Mobil.com Co., Ltd.
Dongyung Industries Co., Ltd.
Namyang Industrial Co., Ltd.
The Korea Economic Daily Co., Ltd.
Pilot Asset Securitization Specialty
Co. - beneficiary certificate
Other
Korean won
(In millions) U.S. dollars (Note 2)
(In thousands)