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81
KIA Motors_2004 Annual Report
Foreign currency loans as of December 31, 2004 and 2003 consist of the following:
In accordance with the court-approved reorganization plan, the above reorganization claim s, w ith the exception of current maturities, will be repaid over seven
years beginning 2002 to 2008, after a three-year grace period. The applicable interest rate is variable depending on the three-year non-guaranteed bond circulating
earnings rate.
In addition to the pledged assets explained in Note 6, 87 blank checks, 152 blank promissory notes, 2 promissory notes totalling ￦1,820 million (US$1,744
thousand) are pledged as collateral for the long-term local currency and foreign currency loans.
11,211
8,643
107,961
329,038
19,548
348,586
(84,327)
264,259
￦
2004 2003 2004 2003
14,012
12,561
142,814
436,309
21,527
457,836
(88,612)
369,224
￦
10,741
8,280
103,431
315,231
18,728
333,959
(80,789)
253,170
＄
13,424
12,034
136,823
418,001
20,623
438,624
(84,894)
353,730
＄
Hyundai Investment & Securities
Seoul Guarantee Insurance
Others
Other loans
Less: Current maturities
Korean won
(In millions) U.S. dollars (Note 2)
(In thousands)
25,887
22,772
9,172
6,250
5,867
4,613
2,421
2,203
5,809
84,994
170,755
71,148
42,689
40,981
325,573
410,567
(16,997)
393,570
￦
￦
2004 2003 2004 2003
37,132
32,665
12,445
8,965
8,415
6,617
3,472
3,160
8,725
121,596
–
–
–
–
–
121,596
(24,317)
97,279
￦
￦
24,801
21,816
8,787
5,988
5,621
4,419
2,319
2,111
5,565
81,427
163,590
68,163
40,898
39,261
311,912
393,339
(16,284)
377,055
＄
＄
35,574
31,294
11,923
8,589
8,062
6,339
3,326
3,028
8,359
116,494
–
–
–
–
–
116,494
(23,297)
93,197
＄
＄
Reorganization claims:
Korea Development Bank
Bankers Trust Company
Woori Bank
First Citicorp Leasing Inc.
Korea Non-Bank Lease Financing
Citibank
Korea Development Leasing Corp.
Chohung Capital
Other
Other loans
Societe Generale
ABN-AMRO
Deutsche Bank
The Export-Import Bank of Korea
Less: Current maturities
Korean won
(In millions) U.S. dollars (Note 2)
(In thousands)