Kia 2010 Annual Report Download - page 45

Notes to Consolidated
Financial Statements
December 31, 2010 and 2009
11. Property, Plant and Equipment
(a) Property, plant and equipment as of December 31, 2010 and 2009 are summarized as follows:
In millions of won 2010 2009
Buildings ￦ 2,785,648 2,742,053
Structures 578,007 563,991
Machinery and equipment 5,169,770 4,858,520
Capital lease asset - 250,000
Dies, molds and tools 2,682,784 2,362,240
Vehicles 129,860 119,323
Other equipment 400,386 407,836
11,746,455 11,303,963
Less: Accumulated depreciation (5,249,646) (4,773,502)
Less: Accumulated impairment loss (33,215) (28,760)
Less: Government grants (294,409) (297,416)
6,169,185 6,204,285
Land 3,014,390 3,050,592
Construction-in- progress 470,059 258,579
Property, plant and equipment, net ￦ 9,653,634 9,513,456
In millions of won Book value Book value
as of as of
January December
Company 1, 2010 Acquisitions Disposals Depreciation Transfer Other(*3) 31, 2010(*2)
Land ￦ 3,050,592 5,679 (163) - - (46,100) 3,010,008
Buildings 2,093,370 42,023 (963) (91,685) 45,347 (37,492) 2,050,600
Structures 325,400 3,205 (74) (28,865) 15,644 (4,160) 311,150
Machinery and
equipment 2,767,227 56,791 (32,311) (321,306) 485,368 (56,351) 2,899,418
Capital lease asset(*1) 196,360 - - (18,247) (178,113) - -
Dies, molds and tools 617,189 114,107 (9,662) (287,374) 244,981 (2,890) 676,351
Vehicles 79,003 5,896 (13,992) (21,925) 37,656 (1,499) 85,139
Other equipment 125,736 46,189 (2,292) (57,491) 43,100 (4,333) 150,909
Construction-in
-progress 258,579 908,761 - - (693,983) (3,298) 470,059
￦ 9,513,456 1,182,651 (59,457) (826,893) - (156,123) 9,653,634
(b) Changes in property, plant and equipment for the year ended December 31, 2010 are summarized as follows:
(*1)
￦178,113 million in “other” of capital lease assets were transferred to machinery and equipment for the termination of capital lease
contract.
(*2) The Company signed an agreement for investments with Government of the Slovak Republic and the related consideration received
amounted to ￦406,945 million which was presented as a reduction of property, plant and equipment.
(*3) “Other” includes foreign currency translation adjustment and adjustment resulting from the effect of changes in the scope of
consolidation.
In millions of won Book value Book value
as of as of
January December
Company 1, 2009 Acquisitions Disposals Depreciation Transfer Other(*2) 31, 2009(*1)
Land ￦ 3,027,524 - (3,544) - 532 26,080 3,050,592
Buildings 1,873,223 20,149 (4,655) (70,815) 375,074 (99,606) 2,093,370
Structures 332,168 3,266 (1,681) (27,402) 610 18,439 325,400
Machinery and
equipment 2,654,965 1,454 (5,427) (272,470) 412,033 (23,328) 2,767,227
Capital lease asset 218,710 - - (22,350) - - 196,360
Dies, molds and tools 515,982 24,440 (1,780) (219,246) 229,021 68,772 617,189
Vehicles 75,305 14,409 (21,208) (21,189) 3,474 28,212 79,003
Other equipment 167,683 8,455 (1,152) (44,568) 30,780 (35,462) 125,736
Construction-in
-progress 688,441 907,645 (667) 15,119 (1,051,524) (300,435) 258,579
￦ 9,554,001 979,818 (40,114) (662,921) - (317,328) 9,513,456
(c) Changes in property, plant and equipment for the year ended December 31, 2009 are summarized as follows:
(f) The Parent Company has provided guarantees for consolidated subsidiaries as of December 31, 2010 and 2009 as follows:
In millions of won Foreign currency (in thousands)
Subsidiaries Type of borrowings 2010 2009
KMS Plant loan and general loan EUR 321,167 EUR 609,134
KMUK Payment of customs duties GBP 4,132 GBP 8,630
- EUR 2,000
KME Guarantee for borrowings related to construction
of new office building - EUR 20,000
KMMG Plant loan USD 750,000 USD 743,735
KMA General loan - USD 25,000
DYK Plant loan USD 80,000 USD 100,000
RMB 157,240 RMB 196,550
KMR General loan EUR 28,000 EUR 35,000
KMF Payment of customs duties EUR 2,500 EUR 2,500
90 COMPONENTS OF SUSTAINABLE GROWTH 91
KIA MOTORS ANNUAL REPORT 2010