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Notes to Consolidated
Financial Statements
December 31, 2010 and 2009
In millions of won, except percentage of ownership Balance at
Percentage of December
Company ownership Cost Net assets 31, 2009
Hyundai Capital America (HCA) (formely, HMFC) 6.60% ￦ 93,820 66,703 66,703
Hyundai Powertech Manufacturing America, Inc. 10.00% 8,802 8,173 8,173
Sewon America, Inc. 40.00% 15,090 11,894 11,894
￦ 1,238,875 4,113,984 3,860,181
(c) Changes in investor-level (negative) goodwill for the year ended December 31, 2010 are as follows:
(e) Details of eliminated unrealized gains from inter-company transactions as of December 31, 2010 and 2009 are as follows:
(f) Changes in balance of investments in associated companies accounted for by using the equity method for the year ended December 31,
2010 are as follows:
(d) Changes in investor-level (negative) goodwill for the year ended December 31, 2009 are as follows:
In millions of won Balance at Balance at
January Amortized December
Company 1, 2010 Increase amount 31, 2010
Hyundai Mobis Co., Ltd. ￦ 29,519 - 6,560 22,959
Hyundai Steel Company (243,424) - (26,397) (217,027)
Hyundai WIA Corporation (6,553) - (3,276) (3,277)
Hyundai Hysco Co., Ltd. (20,707) - (3,451) (17,256)
EUKOR Car Carriers, Inc. (4,921) - (379) (4,542)
Beijing Hyundai Mobis Automotive Parts Co., Ltd. (140) - (93) (47)
HMC Investment Securities Co., Ltd. 4,019 - 1,237 2,782
EUKOR Shipowning Singapore Pte. Ltd. (957) - (48) (909)
Hyundai Motor Manufacturing Rus LLC - 10,366 518 9,848
￦ (243,164) 10,366 (25,329) (207,469)
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 Corporation (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)
Maturities of debt securities classified as held-to-maturity as of at December 31, 2010 and 2009 are as follows:
In millions of won Inventory
Company 2010 2009
Hyundai Mobis Co., Ltd. ￦ 7,187 8,156
Hyundai Steel Company 198 -
Hyundai Powertech Co., Ltd. 431 277
Hyundai WIA Corporation 2,517 1,771
Hyundai Dymos Inc. 295 205
Hyundai Hysco Co., Ltd. 78 60
Hyundai Motor Group (China) Ltd. 1,671 774
￦ 12,377 11,243
In millions of won Balance at Accumulated other Other Balance at
January Additional Net income comprehensive increase December
Company 1, 2010 investment (loss) income (decrease)(*3) 31, 2010
Hyundai Mobis Co., Ltd.(*4) ￦ 1,332,405 - 381,319 97,739 (20,533) 1,790,930
Hyundai Steel Company(*4) 1,131,474 - 203,983 44,375 (9,080) 1,370,752
Hyundai Powertech Co., Ltd.(*4) 174,061 37,576 19,242 (560) - 230,319
Hyundai WIA Corporation (*4) 314,216 - 58,942 (6,364) - 366,794
Hyundai Card Co., Ltd.(*4) 171,640 - 39,455 (5,726) (15,659) 189,710
Hyundai Dymos Inc.(*4) 137,729 - 19,389 (879) - 156,239
Hyundai Hysco Co., Ltd.(*4) 139,630 - 31,114 (254) (1,673) 168,817
EUKOR Car Carriers, Inc.(*4) 42,129 - 14,382 (4,067) (2,271) 50,173
Hyundai AMCO Co., Ltd.(*4) 81,536 - 12,576 (5,059) (4,998) 84,055
Beijing Hyundai Mobis
Automotive Parts Co., Ltd.(*4) 47,649 - 4,202 443 - 52,294
China Millennium Corp.(*4) 16,292 - 39 156 - 16,487
Partecs Company, Ltd.(*4) 14,308 - 2,125 - - 16,433
Autoever Systems Co., Ltd.(*4) 21,417 - 6,249 (76) (1,000) 26,590
Hyundai Motor Group (China) Ltd.(*4) 40,848 - 32,495 462 (13,808) 59,997
Donghee Auto Co., Ltd.(*4) 10,803 - 318 54 - 11,175
WIA Automotive Engine
(Shandong) Company(*4) 44,535 - 9,398 441 - 54,374
TRW Steering Co., Ltd.(*4) 6,531 - 137 - - 6,668
Haevichi Country Club., Ltd(*4). 2,862 - (746) - - 2,116
76 COMPONENTS OF SUSTAINABLE GROWTH 77
KIA MOTORS ANNUAL REPORT 2010