Kia 2007 Annual Report Download - page 73

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073_
Kia Motors Annual Report 2007
(3) Transfers of Trade Accounts and Notes Receivable
The Company entered into factoring arrangements with banks as a means of discounting trade accounts and notes receivables on a recourse basis amounting to
total revolving facility of USD4,435 million. For the years ended December 31, 2007 and 2006, the Company recognized loss of ￦117,148 million and ￦124,096
million, respectively.
Outstanding trade accounts and notes receivable transferred to and discounted with banks, and excluded from the accompanying non-consolidated balance
sheets, on which the Company remains contingently liable as of December 31, 2007 and 2006 are summarized as follows:
(4) Inventories
Inventories as of December 31, 2007 and 2006 are summarized as follows:
(5) Other Current Assets
Other current assets as of December 31, 2007 and 2006 are summarized as follows:
3,285,232
83,285
3,368,517
￦
￦
2007 2006
3,199,110
-
3,199,110
Trade accounts receivable
Trade notes receivable
In millions of Won
4,736
442,958
130,339
64,135
126,760
55,787
55,433
880,148
￦
￦
2007 2006
8,902
472,698
138,687
59,130
119,408
51,871
52,699
903,395
Merchandise
Finished goods
Semi-finished goods
Work-in-process
Raw materials
Supplies
Materials-in-transit
In millions of Won
19,775
12,997
31,055
428
4,853
69,108
￦
￦
2007 2006
19,503
23,207
6,565
367
111
49,753
Accrued income
Advance payments, less allowance for doubtful accounts of
￦3,764 in 2007 and ￦3,871 in 2006
Prepaid expenses
Guarantee deposits
Derivative instruments (note 22)
In millions of Won