Kia 2007 Annual Report Download - page 93

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(15) Long - Term Debt
(a) Long-term debt as of December 31, 2007 and 2006 are summarized as follows:
4,927
568
3,696
6,506
10,780
50,000
70,000
30,000
7,415
183,892
5,117
74
1,405
1,319
1,037
544
982
-
-
358,814
-
51,601
310,784
792
732,469
-
414,378
414,378
100,000
200,000
100,000
150,000
150,000
300,000
200,000
(4,788)
2,023,968
(450,219)
2,490,110
2007
Lender Annual interest rate 2006
9,847
1,123
7,389
12,959
13,680
-
-
-
14,726
59,724
10,140
146
2,783
2,613
2,054
1,078
1,946
61,112
36,667
339,143
146,669
-
-
1,536
605,887
185,920
366,672
366,672
100,000
200,000
100,000
150,000
150,000
-
-
(4,705)
1,614,559
(502,127)
1,778,043
Local currency borrowings
Korea Development Financing Corp.(*2)
Woori Bank(*2)
Nara Banking Corporation(*2)
Resolution and Finance Corporation(*2)
Kookmin Bank and others
The Korea Development Bank
Hana Bank
Kyobo Life Insurance Co., Ltd.
Others(*2)
Foreign currency borrowings
Deutsche Bank(*2)
STAR Lease Co., Ltd.(*2)
Citi Financial Co., Ltd.(*2)
Korea Lease Financing Co., Ltd.(*2)
CITI Corp.(*2)
Korea Development Financing Corp(*2)
Han Kook Capital Co., Ltd.(*2)
ABN-AMRO
Deutsche Bank
Korea Eximbank
Societe Generale
SC First Bank
Calyon
Others(*2)
Debentures
263th
264th
265th
266-1th
266-2th
267th
268-1th
268-2th
269th
270th
Less discount (long-term portion)
Less current portion of long-term debt, net of
discount of ￦470 in 2007 and ￦222 in 2006
(*1)
(*1)
(*1)
(*1)
1.0%~5.25%
(*3)
CD 91days+96bp
5.87%
(*1)
(*1)
(*1)
(*1)
(*1)
(*1)
(*1)
(*1)
(*4)
(*4)
(*4)
(*4)
5.45%
6M Euribor+0.4%
(*1)
3M Libor+0.95%
6M Euribor+0.95%
3.73%
4.98%
5.19%
5.19%
4.88%
5.01%
5.33%
5.73%
In millions of Won
￦
￦
093_
Kia Motors Annual Report 2007
(*1) Based on the earning rate for three-year non-guarantee corporate debentures which was 6.77% and 5.04% at December 31, 2007 and 2006, respectively.
(*2) The Company began the corporate reorganization process under the Company Reorganization Act on April 15, 1998. The Company was released from its debts including liabilities on guarantees totaling
￦5,482,181 million, and the repayment of the principal of the reorganized debts amounting to ￦1,518,942 million was readjusted to be repaid on an installment basis between 2002 and 2008. The Company pays
interest on the debt principal starting from when the reorganization process began on a quarterly basis at the earning rate of the three-year unwarranted corporate bond. Furthermore, the Company provided blank
notes and checks as collateral for these reorganized debts.