Kia 2012 Annual Report Download - page 79

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(b) Changes in investment property for the year ended December 31, 2012 are summarized as follows:
(c) Changes in investment property for the year ended December 31, 2011 are summarized as follows:
Beginning balance Depreciation Other Ending balance
Beginning balance Depreciation Other Ending balance
Land ₩ 21,995 - (1,167) 20,828
Buildings 34,105 (1,123) (2,376) 30,606
₩ 56,100 (1,123) (3,543) 51,434
Land ₩ 21,720 - 275 21,995
Buildings 35,043 (1,105) 167 34,105
₩ 56,763 (1,105) 442 56,100
(In millions of won)
(In millions of won)
(d) The amount recognized in profit or loss from investment property for the years ended December 31, 2012 and 2011 are
summarized as follows:
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(a) Changes in goodwill for the years ended December 31, 2012 and 2011 are summarized as follows:
(e) Land and buildings held for the purpose of earning rentals are classified as investment property. In addition, the fair value of
investment property doesn’t differ from its book value significantly as of December 31, 2012.
(b) Goodwill is allocated to each CGU(Cash Generating Unit) that is expected to benefit from each operating unit. The Company
estimated the recoverable amount of CGU as its value in use calculated by discounting the future cash flows to be generated on
the basis of business plan approved by CEO in five years. Cash flows expected to be generated after five years were estimated
within the scope of not to exceed long term average growth rate of industry.
2012 2011
Rental income ₩ 5,770 3,779
Operating expense 1,930 1,894
2012 2011
Balance at January 1 ₩ 36,287 23,320
Increase due to business combination - 14,045
Other decrease (99) (1,078)
Balance at December 31 ₩ 36,188 36,287
(In millions of won)
(In millions of won)
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