Kia 2013 Annual Report Download - page 51

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


For the years ended December 31, 2013 and 2012
13.
Other Assets
Other assets as of December 31, 2013 and 2012 are summarized as follows:
 
Other current assets:
Accrued income ₩73,758 100,636
Prepaid expenses 71,580 56,367
Deposits provided 2,163 6,275
Short-term loans 357 43,311
Held-to-maturity investments - 1,706
Short-term available-for-sale financial assets 8,000 -
Other 14,518 162
₩170,376 208,457
Other non-current assets:
Held-to-maturity investments ₩- 17,049
Long-term accounts and notes receivable - other 77,588 105,887
Long-term prepaid expenses 1,601 2,657
Long-term advanced payments 7,822 2,371
Finance lease receivables 15,566 -
₩102,577 127,964
(In millions of won)
14.
Borrowings
(a) Short-term borrowings
Short-term borrowings as of December 31, 2013 and 2012 are summarized as follows:
   
Usance bills Korea Exchange Bank and others 0.44~1.11% ₩133,941 166,900
Trade bills(*) Korea Development Bank and others 0.41~2.85% 742,435 942,925
₩876,376 1,109,825
(In millions of won)
(*) The Company did not derecognize outstanding trade accounts and notes receivable transferred to the financial institutions and recognized the transaction as borrowings from financial
institution.
(b) Long-term debt
Long-term debt in local currency as of December 31, 2013 and 2012 are summarized as follows:
(d) Bonds
Bonds as of December 31, 2013 and 2012 are summarized as follows:
(c) The Company has pledged its land, buildings, machinery and equipments in the amount of ₩ 425,982 million in aggregate as of
December 31, 2013 as assessed by lenders as collateral for long-term debt in local currency.
   
Facility loans Korea Development Bank 4.09% ₩130,000 130,000
Nong Hyup Bank 4.23% 70,000 70,000
200,000 200,000
Less : current portion of long-term borrowing - -
₩200,000 200,000
(In millions of won)
   
Unsecured public debentures 2014.9.1~2017.11.24 4.02~6.80% ₩510,000 610,000
Unsecured foreign debentures 2014.2.25~2016.2.25 1.84~2.14% 474,885 481,995
Foreign public debentures 2016.6.14 3.63% 527,650 535,550
1,512,535 1,627,545
Less : discounts on debentures (4,351) (6,838)
Less : current portion of long-term borrowing (426,406) (99,896)
₩1,081,778 1,520,811
(In millions of won)
   
General loans ING Bank and others 0.93~2.75% ₩270,830 369,884
Facility loans and others Deutsche Bank Slovakia and others 0.54~3.57% 270,293 357,260
Citi Bank Korea 2.28~2.29% 196,087 196,532
737,210 923,676
Less : current portion of long-term borrowing (332,242) (189,516)
₩404,968 734,160
(In millions of won)
Long-term debt in foreign currency as of December 31, 2013 and 2012 are summarized as follows:

