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094_
Kia Motors Annual Report 2007
(b) Aggregate maturities of the Company’s long-term debt as of December 31, 2007 are as follows:
(16) Other Non-Current Liabilities
Other non-current liabilities as of December 31, 2007 and 2006 are as follows:
(17) Leases
(a) The Company entered into sales-leaseback contract for certain used machinery and equipment in 2007. As of December 31, 2007, the gross amount of
machinery and equipment and related accumulated depreciation recorded under capital leases are as follows:
Depreciation expense related to capital leases for the year ended December 31, 2007 amounts to ￦7,136 million.
(b) Future minimum lease payments under the non-cancelable capital leases as of December 31, 2007 are as follows:
December 31, 2006 and 2005
Notes to Non-Consolidated Financial Statements
(*3) One-year Industrial Financial Debentures + 53bp
(*4) Interest rate is 6M EURO Libor + 0.68% ~ 1.1%.
25,040
30,854
70,901
857
56,240
183,892
11,271
-
362,384
358,814
-
732,469
414,378
350,000
614,378
350,000
300,000
2,028,756
450,689
380,854
1,047,663
709,671
356,240
2,945,117
￦
￦
DebenturesForeign currency debtLocal currency debtDecember 31, 2007 Total
2008
2009
2010
2011
2012 and thereafter
In millions of Won
92,297
16,530
108,827
￦
￦
2007 2006
-
15,499
15,499
Advance deposit for sale of land (note 21(f))
Deposits received
Machinery and equipment
Less accumulated depreciation
Due within a year
Due after one year through to five years
Total minimum lease payments
Less unearned interest
Less current portion
Present value of non-current portion of net minimum
capital lease payments
In millions of Won
￦
￦
2007
250,000
(7,136)
242,864
In millions of Won
￦
￦
Capital leasesYear
90,693
175,952
266,645
(24,263)
(78,416)
163,966
In millions of Won