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Notes to Consolidated
Financial Statements
December 31, 2010 and 2009
Net asset value Number of Percentage of
Subsidiary Location Business (in millions) shares ownership
Kia Motors Europe GmbH (KME) Germany Holding company ￦ - 260,573 100.00%
Kia Motors Polska Sp.z.o.o. (KMP)(*3) Poland “ (27,204) 15,637 99.60%
Kia Motors Slovakia s.r.o. (KMS) Slovakia Manufacturing and sale
of vehicles and parts 787,519 - 100.00%
Kia Motors Belgium (KMB) (*4) Belgium Exclusive importer and
distributor of motor
vehicles and parts - 1,000,000 100.00%
Kia Motors Czech s.r.o. (KMCZ)(*4) Czech “ - 106,870,000 100.00%
Kia Motors (UK) Ltd. (KMUK) (*4) U.K. “ - 17,000,000 100.00%
Kia Motors Austria GmbH (KMAS)(*4) Austria “ - 2,107,512 100.00%
Kia Motors Hungary K.f.t. (KMH)(*4) Hungary Exclusive importer and
distributor of motor
vehicles and parts - 30,000,000 100.00%
Kia Motors Iberia (KMIB) (*4) Spain “ - 31,600,000 100.00 %
Kia Motors Sweden AB (KMSW)(*4) Sweden “ - 4,400,000 100.00%
Kia Motors France SAS (KMF)(*4) France “ - 5,000,000 100.00%
Kia Motors Sales Slovensko Slovakia “
s.r.o. (KMSS)(*4) - - 100.00%
Kia Motors Russia LLC (KMR)(*5) Russia “ - - 100.00%
Kia Motors Nederland BV (KMNL)(*4) Nederland “ - - 100.00%
Kia Japan Co., Ltd. (KJC) Japan “ 29,105 267,800 100.00%
Dongfeng Yueda Kia Motors China Manufacturing and sale
Co., Ltd. (DYK) of vehicles and parts 607,319 - 50.00%
Haevichi Hotel and Resort Jeju Korea Managing of golf club
(formerly, Heavichi Resort Co.,Ltd) and condominium (15,810) 1,240,000 40.00%
Kia Motors Australia Pty Ltd. (KMAU) Australia Exclusive importer and
distributor of motor
vehicles and parts (24,996) - 100.00%
Kia Motors New Zealand (KMNZ)(*6) New “
Zealand (12,304) - 100.00%
<Subsidiaries excluded from consolidation(*7)>
Kia Tigers Co., Ltd. Korea Professional baseball club (694) 400,000 100.00%
Yanji Kia Motors A/S and Repair China Manufacturing and sale of
vehicles and parts 1,623 - 100.00%
Net asset value Number of Percentage of
Subsidiary Location Business (in millions) shares ownership
<Subsidiaries included in consolidation>
Kia Motors America, Inc. (KMA) U.S.A. Exclusive importer and ￦ 233,414 1,000,000 100.00%
distributor of motor
vehicles and parts
Kia Motors Manufacturing U.S.A. Manufacturing and sale 521,032 - 50.00%
Georgia, Inc.(KMMG)(*1) of vehicles and parts
Kia Canada, Inc. (KCI)(*2) Canada Exclusive importer and (69,139) 6,298 100.00%
distributor of motor
vehicles and parts
Kia Motors Deutschland GmbH (KMD) Germany “ 114,372 - 100.00%
(*1) 50.0% owned by KMA
(*2) 17.5% owned by KMA
(*3) 99.6% owned by KMD
(*4) 100.0% owned by KME
(*5) 80.0% owned by KME, and 20.0% owned by KMD
(*6) 100.0% owned by KMAU
(*7) In accordance with the Accounting Standards for Consolidated Financial Statements in the Republic of Korea, the financial statements
of the subsidiaries are excluded from the consolidated financial statements as their total assets, at the end of the prior fiscal year, were
less than ￦10 billion.
(ii) Details of consolidated subsidiaries as of December 31, 2009 are as follows:
(*1) 50.0% owned by KMA
(*2) 17.5% owned by KMA
(*3) 99.6% owned by KMD
(*4) 100.0% owned by KME
(*5) 80.0% owned by KME, and 20.0% owned by KMD
(*6) 100.0% owned by KMAU
(*7) In accordance with the Accounting Standards for Consolidated Financial Statements in the Republic of Korea, the financial statements
of the subsidiaries are excluded from the consolidated financial statements as their total assets, at the end of the prior fiscal year, were
less than ￦10 billion.
Net asset value Number of Percentage of
Subsidiary Location Business (in millions) shares ownership
Kia Motors Sales Slovensko Slovakia Exclusive importer and
s.r.o (KMSS)(*4) distributor of motor
vehicles and parts ￦ 18,253 - 100.00%
Kia Motors Russia LLC (KMR)(*5) Russia “ 57,799 - 100.00%
Kia Motors Nederland BV (KMNL)(*4) Nederland “ 6,863 - 100.00%
Kia Japan Co., Ltd. (KJC) Japan “ 31,984 267,800 100.00%
Dongfeng Yueda Kia Motors China Manufacturing and sale
Co., Ltd. (DYK) of vehicles and parts 934,734 - 50.00%
Haevichi Hotel and Resort Jeju Korea Managing of golf club
and condominium (4,115) 1,240,000 40.00%
Kia Motors Australia Pty Ltd. (KMAU) Australia Exclusive importer and
distributor of motor
vehicles and parts 4,588 - 100.00%
Kia Motors New Zealand (KMNZ)(*6) New “
Zealand (2,116) - 100.00%
<Subsidiaries excluded from consolidation(*7)>
Kia Tigers Co., Ltd. Korea Professional baseball club (649) 400,000 100.00%
Yanji Kia Motors A/S and Repair China Manufacturing and
sale of vehicles and parts 2,014 - 100.00%
60 COMPONENTS OF SUSTAINABLE GROWTH 61
KIA MOTORS ANNUAL REPORT 2010