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Notes to Consolidated
Financial Statements
December 31, 2010 and 2009
(a) Available-for-sale securities
(i) Marketable securities recorded at fair value as of December 31, 2010 and 2009 are summarized as follows:
(b) Held-to-maturity securities
Held-to-maturity securities as of December 31, 2010 and 2009 are summarized as follows:
(c) The Company has provided 1,500 shares of common stock of the Korea Defence Industry Association (“KDIA”), which are included in
available-for-sale securities to the KDIA for a performance guarantee on a contract.
Maturities of debt securities classified as held-to-maturity as of at December 31, 2010 and 2009 are as follows:
(ii) Non-marketable securities recorded at cost as of December 31, 2010 and 2009 are summarized as follows:
(iii) Changes in unrealized holding gains (losses) for the years ended December 31, 2010 and 2009 are summarized as follows:
These non-marketable securities are recorded at cost as fair value cannot be reliably estimated.
2010 2009
Percentage of Acquisition
In millions of won ownership cost Fair value Fair value
SeAH Besteel Co., Ltd. 0.0049% ￦ 20 64 29
Book value
In millions of won Face value 2010 2009
Government bonds ￦ 8,964 8,964 9,335
Corporate debt securities 8,000 8,000 8,000
￦ 16,964 16,964 17,335
2010 2009
Percentage of Acquisition
In millions of won ownership cost Book value Book value
Kihyup Technology Banking Corp. 2.41% ￦ 700 700 700
DY Metalworks, Inc.(formerly, Dongyung Industries Co., Ltd.) 19.23% 241 241 241
Namyang Ind. Co., Ltd. (formerly, Namyang Industrial Co., Ltd.) 8.00% 200 200 200
International Convention Center Jeju Co., Ltd. 0.30% 500 500 500
Other(*) 1,195 1,195 1,248
￦ 2,836 2,836 2,889
(*) The Company recognized ￦14 million of impairment loss as non-operating loss for the year ended December 31, 2010.
In millions of won 2010 2009
BEGINNING BALANCE ￦ 9 44
Realized gain on disposition of securities - (35)
Changes in unrealized gain 35 -
Ending balance 44 9
Income tax effect (10) (2)
NET BALANCE AT END OF YEAR ￦ 34 7
In millions of won 2010 2009
Due before one year ￦ 731 598
Due after one year through five years 14,928 15,323
Due after five years 1,305 1,414
￦ 16,964 17,335
72 COMPONENTS OF SUSTAINABLE GROWTH 73
KIA MOTORS ANNUAL REPORT 2010