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077_
Kia Motors Annual Report 2007
The Company used the unaudited financial statements of the above affiliated companies when applying the equity method of accounting. For each subsequent
period, the Company adjusts the difference between the unaudited and audited results. Historically, the differences have been immaterial.
Investments in affiliated companies accounted for using the equity method as of December 31, 2006 are as follows:
(*1) The Company accounts for its investment in Hyundai Mobis Co., Ltd. and AMCO Corp. under the equity method of accounting due to its significant management control even though the Company’s ownership is
under 20%. In addition, the Company and its holding company, Hyundai Motor Company, together own more than 20% of EUKOR Car Carriers, Inc., Hyundai Card Co., Ltd and Hyundai Hysco Co., Ltd. which the
Company generally presumed that the investee is under significant influence, and thus accounts for these investees under the equity method of accounting.
18.13%
13.91%
21.39%
8.91%
100.00%
82.53%
100.00%
100.00%
100.00%
100.00%
100.00%
50.00%
50.00%
45.37%
39.33%
40.00%
35.10%
24.11%
29.00%
12.12%
20.00%
19.99%
8.00%
8.00%
30.30%
30.00%
31.00%
15.00%
100.00%
100.00%
18.00%
24.39%
118,993
37,479
245,153
2,581
66,798
58,507
53,139
114,171
20,300
33,197
451,422
133,140
120,000
89,438
30,184
8,520
10,530
22,790
8,952
147,960
1,000
10,067
19,565
5
27,185
9,212
12,400
2,250
21,676
1,792
8,426
250
1,887,082
620,967
137,807
752,156
40,977
52,917
(67,386)
(111,827)
(275,165)
(189)
17,984
388,608
135,343
149,692
111,461
173,197
4,106
8,572
26,443
6,329
100,905
9,213
44,421
51,469
5
7,050
8,731
12,172
(472)
1,036
1,792
5,895
250
2,414,459
626,726
106,599
429,513
40,952
-
-
-
-
-
17,984
388,608
136,843
149,314
117,409
154,925
4,106
8,592
26,038
6,327
119,370
9,213
41,194
45,411
5
20,774
8,890
12,172
2,250
-
1,792
8,426
250
2,483,683
￦
￦
Market value
or net assets
Cost
Percentage
of ownership
Company Balance at
December 31, 2006
Listed
Hyundai Mobis Co., Ltd.(*1)
Hyundai Hysco Co., Ltd.(*1)
Hyundai Steel Company
Hyundai Autonet Co., Ltd.(*1)
Unlisted
Kia Motors America, Inc.
Kia Canada, Inc.
Kia Motors Deutschland GmbH
Kia Motors Europe GmbH
Kia Tigers Co., Ltd.
Kia Japan Co., Ltd.
Kia Motors Slovakia S.r.o.
Dongfeng Yueda Kia Motors Co., Ltd.
Hyundai Powertech Co., Ltd.
Dymos Inc.
WIA Corporation
Haevichi Resort Co., Ltd.
Donghee Auto Co., Ltd.
Beijing Hyundai Mobis Automotive Parts Co., Ltd.
TRW Steering Co., Ltd.
Hyundai Card Co., Ltd.(*1)
Autoever Systems Co., Ltd.
AMCO Corp.(*1)
EUKOR Car Carriers, Inc.(*1)
EUKOR Car Carriers Singapore Pte.(*1)
China Millennium Corp.
Hyundai-Motor Group Ltd.
Partecs Company, Ltd.
Chasan Co., Ltd.(*1)
Kia Motors Australia Pty Ltd.
Yanji Kia Motors A/S and Repair
WIA Automotive Engine (Shandong) Company(*1)
NGVTEK.com
In millions of Won, except owned shares and percentage of ownership