Kia 2009 Annual Report Download - page 46

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(*) The Company accounts for its investment in Hyundai Mobis Co., Ltd. and Hyundai AMCO Co., Ltd. under the equity method of accounting
due to its signicant 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 Hyundai Card Co., Ltd, Hyundai Hysco Co., Ltd., EUKOR Car Carriers, Inc.,
WIA Automotive Engine (Shandong) Company, Ltd., Haevichi Country Club., Ltd., HMC Investment Securities Co., Ltd., The Korea Economic
Daily Co., Ltd., EUKOR Car Carriers Singapore Pte. Ltd. and EUKOR Shipowning Singapore Pte. Ltd. which the Company generally presumes that
the investee is under signicant inuence, and thus accounts for these investees under the equity method of accounting.
(b) Investments in associated companies accounted for by using the equity method as of December 31, 2008 are as follows:
(*) The Company accounts for its investment in Hyundai Mobis Co., Ltd. and Hyundai AMCO Co., Ltd. under the equity method of accounting
due to its signicant 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., Hyundai Autonet Co., Ltd., WIA Automotive Engine (Shandong) Company, Haevichi Country Club., Ltd., The Korea Economic Daily Co., Ltd.
and EUKOR Car Carriers Singapore Pte. Ltd. which the Company generally presumed that the investee is under signicant inuence, and thus
accounts for these investees under the equity method of accounting.
(c) Changes in investor-level (negative) goodwill as of December 31, 2009 are as follows:
NOTES TO NONCONSOLIDATED
FINANCIAL STATEMENTS
December 31, 2009 and 2008
In millions of Won, except owned shares and percentage of ownership Balance at
Percentage of December
Company ownership Cost Net assets 31, 2008
Kia Motors America, Inc. 100.00% ￦ 170,163 144,117 -
Kia Canada Inc. 82.53% 58,507 (103,224) -
Kia Motors Deutschland GmbH 100.00% 279,283 29,950 929
Kia Motors Europe GmbH 100.00% 715,061 57,326 -
Kia Motors Australia Pty Ltd. 100.00% 21,676 (63,789) -
Kia Tigers Co., Ltd. 100.00% 20,300 31 31
Kia Motors Slovakia s.r.o. 100.00% 546,430 775,154 751,926
Kia Japan Co., Ltd. 100.00% 33,197 32,148 32,148
Dongfeng Yueda Kia Motors Co., Ltd. 50.00% 161,372 258,703 258,703
Haevichi Resort Co., Ltd. 40.00% 8,520 11,665 11,665
Hyundai Mobis Co., Ltd.(*) 17.76% 118,993 940,075 937,136
Hyundai Steel Company 21.39% 245,153 1,061,240 791,420
Hyundai Powertech Co., Ltd. 37.58% 135,000 157,228 156,991
Hyundai WIA Corp. 39.33% 30,184 235,721 223,971
Hyundai Card Co., Ltd.(*) 11.49% 147,960 141,932 141,932
Dymos Inc. 45.37% 89,438 130,290 129,973
Hyundai Hysco Co., Ltd.(*) 13.91% 37,479 141,495 117,249
EUKOR Car Carriers, Inc.(*) 8.00% 19,565 45,535 40,235
Hyundai Autonet Co., Ltd.(*) 8.91% 2,581 39,077 39,070
Hyundai AMCO Co.,Ltd.(*) 19.99% 10,067 74,236 73,161
Beijing Hyundai Mobis Automotive Parts Co., Ltd. 24.11% 22,790 44,592 44,359
China Millennium Corp. 30.30% 27,185 15,920 15,920
Partecs Company Ltd. 31.00% 12,400 12,638 12,638
Autoever Systems Co., Ltd. 20.00% 1,000 16,049 16,049
Hyundai-Motor Group Ltd. 30.00% 9,211 34,789 33,613
Donghee Auto Co., Ltd. 35.10% 10,530 9,607 9,607
WIA Automotive Engine (Shandong) Company(*) 18.00% 23,307 34,957 34,957
TRW Steering Co., Ltd. 29.00% 8,952 6,369 6,369
Haevichi Country Club., Ltd.(*) 15.00% 2,250 3,603 3,603
HMC Investment Securities Co., Ltd.(*) 3.84% 17,722 10,565 15,820
The Korea Economic Daily Co., Ltd.(*) 4.35% 4,168 4,988 4,988
In millions of Won, except owned shares and percentage of ownership Balance at
Percentage of December
Company ownership Cost Net assets 31, 2008
HMC Win-Win Cooperation Fund 20.00% ￦ 6,000 6,000 6,000
Yanji Kia Motors A/S and Repair 100.00% 1,792 1,792 1,792
NGVTEK.com 24.39% 250 250 250
EUKOR Car Carriers Singapore Pte. Ltd.(*) 8.00% 5 5 5
￦ 2,998,491 4,311,034 3,912,510
In millions of Won Balance at Balance at
January Amortized December
Company 1, 2009 Increase amount 31, 2009
Hyundai Mobis Co., Ltd. ￦ - 32,798 3,279 29,519
Hyundai Steel Company (269,820) - (26,396) (243,424)
Hyundai WIA Corp. (9,829) - (3,276) (6,553)
Hyundai Hysco Co., Ltd. (24,158) - (3,451) (20,707)
EUKOR Car Carriers, Inc. (5,300) - (379) (4,921)
Hyundai AMCO Co.,Ltd. (1,076) - (1,076) -
Beijing Hyundai Mobis Automotive Parts Co., Ltd. (233) - (93) (140)
HMC Investment Securities Co., Ltd. 5,255 (16) 1,220 4,019
EUKOR Shipowning Singapore Pte. Ltd. - (2,622) (1,665) (957)
￦ (305,161) 30,160 (31,837) (243,164)
REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009
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REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009
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