Kia 2012 Annual Report Download - page 82

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(a) Short-term borrowings
Short-term borrowings as of December 31, 2012 and 2011 are summarized as follows:
(In millions of won)
Usance bills Korea Exchange Bank and others 0.68~2.63% 166,900 122,418
Trade bills(*) Korea Development Bank and others 0.45~3.95% 942,925 1,353,375
General loan
and others Citi Bank Slovakia and others - - 112,617
₩ 1,109,825 1,588,410
Lender Annual interest rate 2012 2011
(*) The Company didn’t derecognize outstanding trade accounts and notes receivable transferred to the financial institutions and recognized the cash
received from financial institution as borrowings.
(b) Long-term debt
Long-term debt in local currency as of December 31, 2012 and 2011 are summarized as follows:
(c) The Company has pledged its land, buildings, machinery and equipments in the amount of ₩ 427,119 million in aggregate as of
December 31, 2012 as assessed by lenders as collateral for long-term debt in local currency.
Long-term debt in foreign currency as of December 31, 2012 and 2011 are summarized as follows:
(In millions of won)
(In millions of won)
Facility loans Korea Development Bank and others 4.09~4.23% ₩ 200,000 12,500
Other Korea Development Bank and others - - 6,239
200,000 18,739
Less : current portion of long-term borrowing - (13,246)
₩ 200,000 5,493
General loans Korea Export
and Import Bank and others 1.11~2.75% ₩ 369,884 528,677
Facility loans Deutsche Bank Slovakia
and others and others 0.47~3.57% 357,260 631,368
Citi Bank Korea 2.24~2.36% 196,532 -
923,676 1,160,045
Less : current portion of long-term borrowing (189,516) (381,640)
₩ 734,160 778,405
Lender Annual interest rate 2012 2011
Lender Annual interest rate 2012 2011
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For the years ended December 31, 2012 and 2011
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