Kia 2005 Annual Report Download - page 103

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103
2005 Annual Report
Research and developm ent costs for the years ended Decem ber 31, 2005 and 2004 are as follow s :
9. OTHER ASSETS :
Other assets as of Decem ber 31, 2005 and 2004 consist of the follow ing :
10. SHORT-TERM BORROWINGS :
Short-term borrow ings as of Decem ber 31, 2005 and 2004 amount to ￦312,691 million (US
$308,678 thousand) and ￦371,323 m illion (US
$366,558 thousand),
respectively, and consist of bank loans and com mercial papers with annual interest rate ranging from 0.25 percent to 8.83 percent.
Korean w on
(In millions)
Translation into U.S.dollars (Note 2)
(In thousands)
2005 2004 2005 2004
Developm ent costs
Research costs (Manufacturing cost)
Research costs (SG&A)
319,306 294,334 315,208 290,557
111,048 80,787 109,623 79,750
135,389 163,573 133,652 161,474
565,743 538,694 558,483 531,781
￦
￦
$
$
￦
￦
$
$
Korean w on
(In millions)
Translation into U.S.dollars (Note 2)
(In thousands)
2005 2004 2005 2004
Long-term deposits
Long-term trade notes and accounts receivable, net of
unamortized present value discount of ￦1,212 million as of
Decem ber 31, 2005 and ￦1,417 m illion as of
Decem ber 31, 2004 (See Note 2)
Lease and rental deposits
Other
15,900 17,848 15,696 17,619
7,609 9,700 7,511 9,575
150,258 149,030 148,330 147,117
47,886 54,455 47,270 53,756
221,653 231,033 218,807 228,067
￦
￦
$
$
￦
￦
$
$
11. LONG-TERM DEBT :
Long-term debt as of December 31, 2005 and 2004 consists of the follow ing :
Korean w on
(In millions)
Translation into U.S.dollars (Note 2)
(In thousands)
2005 2004 2005 2004
Debentures
Local currency loans
Foreign currency loans
Less: Current maturities
Less: Discount of debenture issued
1,115,160 563,652 1,100,849 556,419
153,235 348,586 151,269 344,113
469,065 410,567 463,045 405,298
1,737,460 1,322,805 1,715,163 1,305,830
259,267 257,894 255,940 254,585
3,409 2,769 3,365 2,734
1,474,784 1,062,142 1,455,858 1,048,511
￦
￦
$
$
￦
￦
$
$