Kia 2005 Annual Report Download - page 101

Download and view the complete annual report

Please find page 101 of the 2005 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 128

  • 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
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

101
2005 Annual Report
The changes in book value of property, plant and equipm ent in 2005 are as follow s :
The changes in book value of property, plant and equipm ent in 2004 are as follow s :
As of December 31, 2005, the Com pany’s property, plant and equipm ent are pledged as collateral for various long-term debt to a m axim um of ￦801,274 m illion (US
$790,991 thousand) (See Note 11).
The published value of the Company-ow ned land totals ￦1,662,647 million (US
$1,641,310 thousand) and ￦1,463,843 million (US
$1,445,057 thousand) as of
Decem ber 31, 2005 and 2004, respectively, in term s of land prices officially announced by the Korean governm ent.
7. INSURANCE :
As of December 31, 2005, inventories and property, plant and equipm ent are insured for ￦4,148,285 million (US$4,095,049 thousand). In addition, the Com pany carries
general insurance for vehicles and workers’ com pensation and casualty insurance for em ployees. Also, the Com pany has insurance to cover potential product liability
arising from its product liability claim s in North Am erica and Europe with maxim um coverage of US$85,000 thousand and in the dom estic with maxim um coverage of
￦1,000 million (US$987 thousand).
Korean w on
(In millions)
Beginning of year Acquisition Transfer Disposal Depreciation End of year End of year
1,366,261 —1,063 (3,805) —1,363,519 1,346,021
1,118,517 —126,386 (7,122) (53,754) 1,184,027 1,168,832
1,536,942 —417,273 (99,868) (222,630) 1,631,717 1,610,777
35,341 —15,909 (4,240) (11,259) 35,751 35,292
348,779 —162,893 (3,291) (125,305) 383,076 378,160
87,259 —20,487 (281) (31,308) 76,157 75,180
481,809 820,518 (744,011) ——
558,316 551,151
4,974,908 820,518 —(118,607) (444,256) 5,232,563 5,165,413
$
$
￦
￦
￦
￦
￦
￦
￦
￦
￦
￦
￦
￦
Translation into U.S.dollars
(Note 2)(In thousands)
Korean w on
(In millions)
Beginning of year Acquisition Transfer Disposal Depreciation End of year End of year
Land
Buildings and structures
Machinery and equipm ent
Vehicles
Dies, molds and tools
Other equipm ent
Construction in progress
Total
1,422,030 —11,492 (67,261) —1,366,261 1,348,728
1,103,447 —145,869 (79,858) (50,941) 1,118,517 1,104,163
1,311,830 —468,399 (43,809) (199,478) 1,536,942 1,517,218
27,859 —18,709 (1,410) (9,817) 35,341 34,887
294,188 —159,343 (769) (103,983) 348,779 344,303
81,908 —38,198 (3,126) (29,721) 87,259 86,139
422,097 913,584 (842,010) (11,862) —481,809 475,626
4,663,359 913,584 —(208,095) (393,940) 4,974,908 4,911,064
$
$
￦
￦
￦
￦
￦
￦
￦
￦
￦
￦
￦
￦
Translation into U.S.dollars
(Note 2)(In thousands)
Land
Buildings and structures
Machinery and equipm ent
Vehicles
Dies, molds and tools
Other equipm ent
Construction in progress
Total