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79
KIA Motors_2004 Annual Report
The changes in book value of intangible assets for the year ended December 31, 2003 are as follows:
Research and development costs for the years ended December 31, 2004 and 2003 are as follow s:
9. OTHER ASSETS:
Other assets as of December 31, 2004 and 2003 consist of the following:
10. SHORT-TERM BORROWINGS:
Short-term borrowings as of December 31, 2004 and 2003 amount to ￦371,323 million (US$ 355,742 thousand) and ￦789,942 million (US$ 756,794 thousand),
respectively, and consist of bank loans and commercial papers with annual interest rate ranging from 0.25 percent to 3.60 percent.
3,816
1,772
(689)
4,899
￦
￦
12,972
–
(1,866)
11,106
￦
￦
282,936
221,020
(66,147)
437,809
￦
￦
299,724
222,792
(68,702)
453,814
￦
￦
287,147
213,443
(65,819)
434,771
＄
＄
Industrial
property rights
Right of
utilization Development costs Total Total
Beginning of the year
Addition: Expenditures
Deduction: Amortization
End of the year
Korean won
(In millions) U.S. dollars (Note 2)
(In thousands)
294,334
80,787
163,573
538,694
￦
￦
2004 2003 2004 2003
221,020
79,773
126,799
427,592
￦
￦
281,983
77,397
156,709
516,089
＄
＄
211,745
76,426
121,478
409,649
＄
＄
Developm ent costs
Research costs (Manufacturing cost)
Research costs (SG&A)
Korean won
(In millions) U.S. dollars (Note 2)
(In thousands)
17,849
9,700
149,030
54,455
231,034
￦
￦
2004 2003 2004 2003
56,423
7,780
143,721
60,474
268,398
￦
￦
17,100
9,293
142,776
52,170
221,339
＄
＄
54,055
7,454
137,690
57,936
257,135
＄
＄
Long-term deposits
Long-term trade notes and accounts receivable, net of
unamortized present value discount of ￦1,416 million
in 2004 and ￦1,447 million in 2003 (see Note 2)
Lease and rental deposits
Other
Korean won
(In millions) U.S. dollars (Note 2)
(In thousands)