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063_
Kia Motors Annual Report 2007
For the years ended December 31,
2007 and 2006
Non-Consolidated Statements of Cash Flows
In millions of Won
2007 2006
Cash flows from operating activities
Net income
Adjustments to reconcile net income to net cash provided by (used in) operating
activities:
Depreciation
Amortization
Provision for retirement and severance benefits
Provision for warranties
Allowance for doubtful accounts
Foreign currency translation loss, net
Loss on scrapped inventories
Reserve for inventory obsolescence
Equity in earnings of equity method accounted investees, net
Dividend income from equity method accounted investees
Gain on sale of investment securities, net
Loss on impairment of investment securities
Loss (gain) on sale of property, plant and equipment, net
Interest income (reversal of present value discount)
Interest expense (amortization of discount on debentures)
Gain on valuation of derivatives
Loss on sale of accounts and notes receivable - trade
Reversal of allowance for doubtful accounts
Deferred income tax expense (benefit)
Changes in assets and liabilities:
Decrease (increase) in accounts and notes receivable-trade
Decrease in long-term accounts receivable-trade
Decrease (increase) in inventories
Increase in accounts receivable-other
Decrease (increase) in other current assets
Decrease in accounts and notes payable - trade
Increase (decrease) in accounts and notes payable-other
Increase (decrease) in other current liabilities
Increase (decrease) in income taxes payable
Payment of warranty costs
Payment of retirement and severance benefits
Other, net
Net cash provided by (used in) operating activities
13,563
454,123
222,273
285,676
205,766
-
154,890
2,410
2,996
(324,842)
33,164
(11,221)
15
(51,760)
(2,497)
2,082
(1,141)
117,148
(7,512)
(6,102)
37,406
-
17,842
(88,967)
(15,596)
(80,902)
(40,490)
(135,555)
11,741
(258,544)
(516,929)
9,203
28,240
39,337
460,149
249,570
357,508
246,556
2,924
6,428
6,401
-
(277,755)
34,648
(345)
57
21,278
(427)
2,093
(111)
124,096
-
22,344
(738,538)
2,175
(38,904)
(43,129)
2,097
(274,156)
98,623
198,030
(2,244)
(267,219)
(472,676)
9,640
(231,550)
Note
9
10
20
19
7
7
22
3
28
￦
See accompanying notes to non-consolidated financial statements.