Kia 2009 Annual Report Download - page 37

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NONCONSOLIDATED
STATEMENTS OF CASH FLOWS
For the years ended December 31, 2009 and 2008
BALANCE AT JANUARY 1, 2009 ￦ 1,848,652 1,704,583 (2,427) 1,086,091 1,104,383 5,741,282
Net income - - - - 1,450,260 1,450,260
Exercise of stock warrants 205,703 52,492 - - - 258,195
Consideration for stock warrants - 3,646 - - - 3,646
Proceeds from treasury stock - 682 628 - - 1,310
Exercise of stock options - - (450) - - (450)
Change in fair value of available-for-sale securities,
net of tax (note 7) - - - (27) - (27)
Eective portion of changes in fair value of
cash ow hedges - - - 11,029 - 11,029
Eective portion of changes resulting from the changes in
currency exchange rate of
non-derivative nancial instrument (note 23(c)) - - - 40,734 - 40,734
Unrealized holding gain on
equity method accounted investments - - - (17,072) - (17,072)
Unrealized holding loss on
equity method accounted investments - - - 77,328 - 77,328
Revaluation surplus - - - (517) - (517)
Decrease in retained earnings from purchase of
equity method accounted investments (note 8(f)) - - - - (189,323) (189,323)
BALANCE AT DECEMBER 31, 2009 ￦ 2,054,355 1,761,403 (2,249) 1,197,566 2,365,320 7,376,395
Accumulated
other
Capital Capital Capital comprehensive Retained
stock surplus adjustments income(loss) earnings Total
NONCONSOLIDATED
STATEMENTS OF CHANGES IN EQUITY
CASH FLOWS FROM OPERATING ACTIVITIES
Net income ￦ 1,450,260 113,784
Adjustments for:
Depreciation 429,251 440,109
Amortization 254,185 275,091
Provision for retirement and severance benets, net 261,166 340,278
Provision for warranties 137,030 333,594
Allowance for doubtful accounts 2,281 8,411
Foreign currency translation loss (gain), net (2,208) 239,028
Loss on repayment of bonds 164 -
Loss on scrapped inventories 5,300 1,768
Reserve for inventory obsolescence 2,465 2,302
Equity in earnings of equity method accounted investees, net (813,703) (547,690)
Dividend income from equity method accounted investees 44,227 40,432
Gain on sale of investments (58,306) (5,538)
Gain on sale of memberships - (1,091)
Loss on valuation of long-term investment securities - 6,320
Impairment loss on investments 689 -
Loss on sale of property, plant and equipment, net 22,065 9,593
Loss on revaluation of land - 2,949
Interest income (reversal of present value discount) (883) (379)
Interest expense (amortization of discount on debentures) 14,320 4,564
Loss (gain) on valuation of derivatives, net 2,973 (36,288)
Loss on sale of accounts and notes receivable – trade 87,540 102,526
Changes in assets and liabilities:
Accounts and notes receivable - trade (246,048) (70,750)
Accounts receivable - other 54,987 22,364
Inventories 220,930 (151,758)
Other current assets 43,700 (31,718)
Accounts and notes payable - trade 598,736 193,663
Accounts and notes payable - other (27,458) 140,692
Other current liabilities 485,772 (9,993)
Income taxes payable 21,511 (11,741)
IN MILLIONS OF WON
IN MILLIONS OF WON
2009 2008
For the years ended December 31, 2009 and 2008
REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009

REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009
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