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REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009

REDEFINING
MOBILITY
KIA MOTORS
ANNUAL REPORT
2009

NOTES TO NONCONSOLIDATED
FINANCIAL STATEMENTS
December 31, 2009 and 2008
33. NONCASH INVESTING AND FINANCING ACTIVITIES
Signicant non-cash investing and nancing activities for the years ended December 31, 2009 and 2008 are summarized as follows:
36. DATE OF AUTHORIZATION FOR ISSUE
The 2009 non-consolidated nancial statements were authorized for issue on January 29, 2010, at the Board of Directors Meeting.
37. RESULTS OF OPERATIONS FOR THE LAST INTERIM PERIOD (Unaudited)
38. PLANNING AND ADOPTION OF KIFRS
The Company subsequently plans to issue nancial statements prepared in accordance with K-IFRS from 2011. In August of 2008, the Company
organized a Task Force Team to perform preliminary analysis of the eects of K-IFRS adoption and establish accounting systems to apply the
new accounting treatments, and trained its relevant personnel internally and externally. The Task Force Team regularly reports the details and
status of the Adoption Plan to its board of directors and management.
The main areas of dierence between the accounting standards generally accepted in Korea currently (K-GAAP) and K-IFRS expected to have
an impact on the financial statements relate to the scope of consolidation, plant and equipment, provision for severance and retirement
benets. These areas are not exhaustive, as in the future other unforeseen dierences may appear as a result of future changes. In addition,
practical eect of some of the signicant dierences listed below may not be obtainable.
34. VALUE ADDED INFORMATION
The components of manufacturing costs and selling and administrative expenses which are necessary in calculating added value for the years
ended December 31, 2009 and 2008 are as follows:
35. GEOGRAPHIC SEGMENT INFORMATION
The Company conducts business globally and is managed geographically. The following table provides information for each geographical
segment for the years ended December 31, 2009 and 2008:
In millions of Won 2009 2008
Revaluation of land ￦ - 1,288,898
Construction-in-progress transferred to property, plant and equipment 388,729 560,422
In millions of Won 2009 2008
Salaries ￦ 2,118,963 2,049,704
Retirement allowance and severance benets 261,166 340,278
Other employee benets 369,839 349,978
Rent 16,348 15,197
Depreciation 429,251 440,109
Taxes and dues 24,754 29,339
In millions of Won 2009 2008
Domestic sales ￦ 6,952,834 5,014,792
Export sales
North America 4,136,258 4,878,179
Europe 2,456,025 2,019,347
Asia 373,010 449,042
The Middle East / Africa 2,624,441 2,159,498
Middle and South America 1,050,154 967,670
China 462,803 171,822
Other 360,214 721,881
￦ 18,415,739 16,382,231
In millions of Won, except earnings per share 2009 2008
Financial instrument 4th Quarter 4th Quarter
Revenue ￦ 5,727,571 5,041,109
Operating income 411,809 35,900
Net income for the period 603,835 74,760
Earnings per share in Won 1,605 216