Kia 2007 Annual Report Download - page 90

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090_
Kia Motors Annual Report 2007
(a) Changes in property, plant and equipment for the year ended December 31, 2007 are as follows:
The Company entered into a sales-leaseback contract for used machinery and equipment with GE Capital Korea Ltd. in September 2007 (see note 17).
Changes in property, plant and equipment for the year ended December 31, 2006 are as follows:
(b) Insurance
As of December 31, 2007, inventories, buildings, structures, machinery and equipment and dies, molds and tools were insured against fire damage up to
￦4,162,048 million. In addition, the Company carries general insurance for vehicles and workers' compensation and casualty insurance for employees.
(c) The officially declared value of land at December 31, 2007, as announced by the Minister of Construction and Transportation, is as follows:
The officially declared value, which is used for government purposes, is not intended to represent fair value.
December 31, 2007 and 2006
Notes to Non-Consolidated Financial Statements
1,343,536
1,043,533
217,377
1,841,127
-
338,460
40,307
65,220
340,038
5,229,598
-
-
-
-
250,000
-
-
-
534,550
784,550
(11,347)
(9,555)
(1,184)
(254,027)
-
(193)
(4,395)
(268)
(3,875)
(284,844)
-
(40,736)
(19,657)
(218,662)
(7,136)
(129,095)
(12,870)
(25,967)
-
(454,123)
54,271
53,499
17,070
239,674
-
41,223
17,305
12,290
(435,332)
-
1,386,460
1,046,741
213,606
1,608,112
242,864
250,395
40,347
51,275
435,381
5,275,181
￦
￦
Depreciation OtherDisposalsAcquisitions
2007
Book value as
of January 1, 2007
Book value as
of December 31, 2007
Land
Buildings
Structures
Machinery and equipment
Capital lease asset
Dies, molds and tools
Vehicles
Other equipment
Construction - in - progress
In millions of Won
1,363,519
963,045
220,982
1,631,717
383,076
35,751
76,157
558,316
5,232,563
-
-
-
-
-
-
-
528,763
528,763
(20,205)
(2,492)
(1,170)
(37,407)
(2,781)
(5,988)
(793)
(743)
(71,579)
-
(39,992)
(19,123)
(225,633)
(133,398)
(12,340)
(29,663)
-
(460,149)
222
122,972
16,688
472,450
91,563
22,884
19,519
(746,298)
-
1,343,536
1,043,533
217,377
1,841,127
338,460
40,307
65,220
340,038
5,229,598
￦
￦
Depreciation OtherDisposalsAcquisitions
2006
Book value as
of January 1, 2006
Book value as
of December 31, 2006
Land
Buildings
Structures
Machinery and equipment
Dies, molds and tools
Vehicles
Other equipment
Construction - in - progress
In millions of Won
335,790
296,469
269,237
346,297
138,667
1,386,460
￦
￦
Book value Declared value
391,529
571,339
419,393
299,729
194,383
1,876,373
Head office
Sohari factory
Hwasung factory
Kwangju factory
Others
In millions of Won