Kia 2004 Annual Report Download - page 70

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Notes to Non-Consolidated
Financial Statements As of December 31, 2004 and 2003
70
KIA Motors_2004 Annual Report
As the interest rates and repayment periods of corporate bonds were changed by mutual agreem ent in 1999, the difference between nominal value and present
value was presented as bad debt expense, and am ortized using the effective interest method over the remaining period.
Maturities of held-to-maturity securities are as follows:
(4) The Company has pledged the follow ing long-term investment securities as collateral for respective investees and perform ance guarantees as of December 31,
2004:
5. EQUITY SECURITIES ACCOUNTED FOR USING THE EQUITY METHOD:
(1) Equity securities accounted for using the equity method as of December 31, 2004 consist of the following:
1,729
773
2,502
￦
￦
Korean won (In millions) Maturity U.S. dollars (Note 2) (In thousands)
1,656
741
2,397
＄
＄
1 ~ 5 years
6 ~ 10 years
66,798
58,507
53,139
111,646
33,197
64,566
10,908
56,148
118,993
20,300
120,000
89,438
4,905
8,520
2,581
10,530
13,518
￦
17,033
(16,246)
(17,213)
93,040
23,249
58,756
10,337
58,420
414,470
107
134,475
91,183
115,911
6,702
24,523
8,243
13,205
￦
–
–
–
2,678
23,249
58,756
10,337
64,794
427,907
6,023
134,475
105,565
92,977
7,126
21,812
8,303
13,239
￦
63,995
56,052
50,909
106,960
31,804
61,857
10,450
53,792
114,000
19,448
114,965
85,685
4,699
8,162
2,473
10,088
12,951
＄
16,318
(15,564)
(16,491)
89,135
22,273
56,290
9,903
55,969
397,078
103
128,832
87,357
111,047
6,421
23,494
7,897
12,651
＄
–
–
–
2,567
22,273
56,290
9,903
62,075
409,951
5,770
128,832
101,135
89,075
6,827
20,897
7,955
12,683
＄
100.00
82.53
100.00
100.00
100.00
100.00
30.00
50.00
18.19
100.00
50.00
45.37
45.14
40.00
39.72
35.10
30.00
Affiliated company Acquisition
cost
Net equity
value
Book
value
Acquisition
cost
Net equity
value
Book
value
Ownership
percentage
Kia Motors America, Inc.
Kia Canada, Inc.
Kia Motors Deutschland GmbH
Kia Motors Europe Gm bH
Kia Japan Co., Ltd.
Kia Motors Slovakia
PT. Kia Timor Motors
Dong Feng Yueda-Kia Motors
Co., Ltd.
Hyundai MOBIS
Kia Tigers Co., Ltd.
Hyundai Powertech Co., Ltd.
Dymos Inc.
WIA Corporation
Haevichi Resort Co. Ltd.
Bontek Co., Ltd.
Donghui Auto Co., Ltd.
Beijing Hyundai Mobis Automotive
Parts Co. Ltd.
8,755
306,160
1,500
Number of shares pledged Korean won (in millions) U.S. dollars (Note 2) (in thousands)
65
–
320
385
￦
￦
62
–
307
369
＄
＄
SeAH Besteel Co., Ltd.
(formerly Kia Steel Co., Ltd.)
Kisan Mutual Saving s & Finance
Other
Korean won
(In millions) U.S. dollars (Note 2)
(In thousands)