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10. PROPERTY, PLANT AND EQUIPMENT
(a) Property, plant and equipment at December 31, 2009 and 2008 are summarized as follows:
NOTES TO NONCONSOLIDATED
FINANCIAL STATEMENTS
December 31, 2009 and 2008
(f) Executive compensation for each of the following categories for the years ended December 31, 2009 and 2008 are as follows:
In millions of Won 2009 2008
COMPENSATION
Salaries ￦ 32,646 37,201
Provision for retirement and severance benets 30,253 31,527
￦ 62,899 68,728
In millions of Won 2009 2008
Property, plant and equipment ￦ 10,238,392 10,091,995
Accumulated depreciation (3,944,391) (3,639,508)
PROPERTY, PLANT AND EQUIPMENT, NET ￦ 6,294,001 6,452,487
(g) The Company provided guarantees for related companies as of December 31, 2009 and 2008 as follows:
Foreign currency (in thousands)
Related Party Type of borrowings 2009 2008
KMS Plant construction loan and general loan EUR 609,134 EUR 360,321
GBP 8,630 GBP 1,330
KMUK Payment of customs duties EUR 2,000 EUR 3,000
KME Guarantee for borrowings related to construction of new oce building EUR 20,000 EUR 20,000
KMMG Plant construction loan USD 743,735 USD 287,803
KMA General loan USD 25,000 -
DYK Plant construction loan USD 100,000 USD 100,000
RMB 196,550 RMB 196,550
KMR General loan EUR 35,000 -
KMF Payment of customs duties EUR 2,500 -
KMP General loan - EUR 15,000
(h) Assets pledged as collateral for related companies as of December 31, 2009 and 2008 are as follows:
In millions of Won, thousands of EUR Book value
Assets Related Party 2009 2008 Lender
Cash and Cash equivalents KME EUR - 35,000 Korea Eximbank
Land Hyundai Powertech Co.,Ltd. ￦ 60,041 60,041 The Korea Development Bank
(b) Changes in property, plant and equipment for the year ended December 31, 2009 are summarized as follows:
In millions of Won Book value as Book value as
January of December
1, 2009 Acquisitions Disposals Depreciation Other 31, 2009
Land ￦ 2,732,370 - (2,164) - 966 2,731,172
Buildings 1,080,418 - (2,408) (44,187) 37,895 1,071,718
Structures 226,926 - (64) (20,682) 13,724 219,904
Machinery and equipment 1,646,850 - (24,788) (202,726) 193,886 1,613,222
Capital lease asset 218,710 - - (22,350) - 196,360
Dies, molds and tools 226,480 - (668) (105,352) 84,436 204,896
Vehicles 48,341 - (11,861) (15,201) 36,130 57,409
Other equipment 40,790 - (32) (18,753) 21,692 43,697
Construction-in- progress 231,602 313,417 (667) - (388,729) 155,623
￦ 6,452,487 313,417 (42,652) (429,251) - 6,294,001
REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009
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REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009
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