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082
KIA MOTORS 2006 Annual Report
(15) Long-term Debt
(a) Long-term debt as of December 31, 2006 and 2005 are summarized as follows:
(b) Aggregate maturities of the Company’s long-term debt as of December 31, 2006 are as follows:
December 31, 2006 and 2005
Notes to Non-Consolidated Financial Statements
-
9,847
1,123
7,389
5,609
13,680
22,076
59,724
-
10,140
146
2,783
1,959
2,054
1,078
981
61,112
36,667
339,143
146,669
3,155
605,887
1,619,264
(4,705)
1,614,559
(502,127)
1,778,043
2006
Lender Annual interest rate 2005
67,178
14,767
1,678
11,082
8,410
16,514
33,606
153,235
18,843
16,575
239
4,549
4,270
3,358
1,762
1,604
60,008
36,005
173,742
144,018
4,092
469,065
1,115,160
(4,111)
1,111,049
(258,565)
1,474,784
Local currency borrowings:
The Korea Development Bank(*2)
Korea Development Financing Corp.(*2)
Woori Bank(*2)
Nara Banking Corporation(*2)
Prudential and Finance Corporation(*2)
Kookmin Bank, etc.
Others(*2)
Foreign currency borrowings:
The Korea Development Bank(*2)
Deutsche Bank(*2)
Woori Bank(*2)
First Citicorp Leasing Inc.(*2)
Korea Lease Financing Co., Ltd.(*2)
CITI Corp.(*2)
Korea Development Financing Corp(*2)
CNH Capital Co., Ltd.(*2)
ABN-AMRO
Deutsche Bank
Korea Eximbank
Societe Generale
Others(*2)
Debentures:
Debentures
Less discounts
Less current portion of long-term debt
(*1)
(*1)
(*1)
(*1)
(*1)
1.0%~5.5%
(*1)
(*1)
(*1)
(*1)
(*1)
(*1)
(*1)
(*1)
(*1)
EURO Libor+1.1%
EURO Libor+1.1%
EURO Libor+1.1%
EURO Libor+1.1%
(*1)
3.73%~9.375%
Won (millions)
￦
￦
(*1) Earning rate of the three-year unwarranted corporate bond.
(*2) The Company began the corporate reorganization process under the Company Reorganization Act on April 15, 1998. The Company was released from its debts including liabilities on guarantees totaling
￦5,482,181 million, and the repayment schedule of the principal amount of the reorganized debts amounting to ￦1,518,942 million was readjusted to be repaid on an installment basis between 2002 and 2008. The
Company pays interest on the debt principal starting from the beginning of the reorganization process on a quarterly basis at the earning rate of the three-year unwarranted corporate bond. Furthermore, the Company
provided blank notes and checks as collateral for these reorganized debts.
25,635
25,108
731
784
7,466
59,724
290,794
11,151
-
244,448
59,494
605,887
185,920
366,672
350,000
366,672
350,000
1,619,264
502,349
402,931
350,731
611,904
416,960
2,284,875
￦
￦
DebenturesForeign currency borrowingsLocal currency borrowingsDecember 31 Total
2007
2008
2009
2010
Thereafter
Won (millions)