Kia 2006 Annual Report Download - page 87

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(21) Stockholders’ Equity
(a) Transactions in stockholders’ equity for the years ended December 31, 2006 and 2005 are summarized as follows:
(b) Capital stock as of December 31, 2006 is summarized as follows:
Under the court-approved reorganization plan, on March 30, 1999, ￦5,482,181 million of the Company’s debt was forgiven, including its guaranteed obligations,
and an additional ￦1,799,999 million of its liabilities was converted into capital stock, for which 119,999,932 new shares were issued at ￦15,000 per share.
On December 7, 2000, ￦714 million of creditor’s claim in dispute was additionally determined by the court as the Company’s reorganization claim and it was
converted into capital stock, for which 142,953 new shares were issued.
In accordance with the takeover contract with the Hyundai Motor Company, representing the Hyundai Motor Consortium, effective December 1, 1998, the
Company issued new common stock of 172,431,118 shares amounting to ￦938,656 million and the Hyundai Motor Consortium acquired 153,000,000 shares
amounting to ￦841,500 million for a total ownership of 51 percent as of March 30, 1999.
347,230,455 shares 346,628,405 shares ￦5,000 ￦1,848,652
Par valueOutstandingIssuedAuthorized Won (millions)
820,000,000 shares
1,848,652
-
-
-
-
-
-
-
1,848,652
-
-
-
-
-
-
1,848,652
1,701,956
-
-
1,055
-
-
-
-
1,703,011
-
-
128
705
-
-
1,703,844
1,320,423
680,904
(121,174)
-
-
-
-
-
1,880,153
39,337
(86,629)
-
-
-
-
1,832,861
93,393
-
-
628
99
(398)
(90,865)
(182,305)
(179,448)
-
-
(128)
192
(5,098)
46,881
(137,601)
4,964,424
680,904
(121,174)
1,683
99
(398)
(90,865)
(182,305)
5,252,368
39,337
(86,629)
-
897
(5,098)
46,881
5,247,756
￦
￦
Capital
adjustments
Retained
earnings
Capital
surplus
Common
stock Total
Balance at January 1, 2005
Net income
Dividends paid
Exercise of stock options
Recognition of compensation costs
Cancellation of stock options
Unrealized gain on valuation of long-
term investment securities
Loss on valuation of investments in
affiliates using equity method, net
Balance at December 31, 2005
Net income
Dividends paid
Cancellation of stock options
Exercise of stock options
Unrealized gain on valuation of long-
term investment securities
Loss on valuation of investments in
affiliates using equity method, net
Balance at December 31, 2006
Won (millions)