Kia 2013 Annual Report Download - page 33

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KPMG Samjong Accounting Corp.
Seoul, Korea
March 7, 2014
The Board of Directors and Stockholders
Kia Motors Corporation:
We have audited the accompanying consolidated statements of financial position of Kia Motors Corporation and its subsidiaries (the “Company”)
as of December 31, 2013 and 2012, and the related consolidated statements of income and comprehensive income, changes in equity and
cash flows for the years then ended. Management is responsible for the preparation and fair presentation of these consolidated financial
statements in accordance with Korean International Financial Reporting Standards. Our responsibility is to express an opinion on these
consolidated financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the Republic of Korea. Those standards require that
we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial
statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the
Company as of December 31, 2013 and 2012, and its financial performance and its cash flows for the years then ended, in accordance with
Korean International Financial Reporting Standards.
Without qualifying our opinion, we draw attention to the following:
The procedures and practices utilized in the Republic of Korea to audit such consolidated financial statements may differ from those generally
accepted and applied in other countries. Accordingly, this report is for use by those knowledgeable about Korean auditing standards and their
application in practice.
Based on a report originally issued in Korean
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