Kia 2013 Annual Report Download - page 55

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


For the years ended December 31, 2013 and 2012
 
Selling expenses:
Advertising ₩1,227,916 1,282,854
Sales promotion 794,527 1,009,858
Warranty expenses 1,050,494 1,040,461
Freight 299,982 416,369
Overseas marketing and export expenses 1,038,792 1,096,318
4,411,711 4,845,860
General and administrative expenses:
Salaries 667,469 617,928
Bonus 297,713 289,985
Retirement and severance benefits cost 71,324 61,590
Accrual for other long-term employee benefits 6,475 7,675
Other employee benefits 153,096 141,878
Travel 41,741 44,636
Communications 16,576 15,799
Utilities 16,707 15,898
Taxes and dues 22,972 25,057
Rent 58,168 55,290
Depreciation 84,289 72,424
Amortization 20,266 18,626
Bad debt expenses 86 846
Repairs and maintenance 24,486 22,040
Insurance premium 11,160 13,093
Entertainment expense 5,363 5,735
Maintenance fee for vehicles 29,305 27,845
Supplies and stationery 10,706 11,695
Information fees 2,327 2,498
Education and training 32,144 28,164
Commissions and fees 321,820 282,713
Test expenses 563,270 560,070
Others 39,682 17,332
2,497,145 2,338,817
₩6,908,856 7,184,677
(In millions of won)
23.
Selling, General and Administrative Expense
Details of selling, general and administrative expenses for the years ended December 31, 2013 and 2012 are as follows:
24.
Finance Income and Finance costs
Details of finance income and finance costs for the years ended December 31, 2013 and 2012 are summarized as follows:
 
Finance income
Interest income ₩172,623 168,957
Gain on foreign currency transaction 35,239 74,266
Gain on foreign currency translation 24,042 94,925
Dividends income 11,049 5,634
Gain on sale of available-for-sale financial assets (*) 212,322 59,013
₩455,275 402,795
(In millions of won)
25.
Other Income and Expense
(a) Other income for the years ended December 31, 2013 and 2012 are summarized as follows:
 
Rent ₩13,422 13,394
Foreign exchange transaction gain 179,020 205,674
Foreign exchange translation gain 22,609 20,770
Gain on sale of property, plant and equipment 10,990 17,501
Gain on sale of intangible assets - 180
Reversal of allowance for doubtful accounts 1,359 337
Other income 149,788 159,483
₩377,188 417,339
(In millions of won)
 
Finance costs
Interest expense ₩89,673 156,808
Loss on foreign currency transaction 25,682 51,083
Loss on foreign currency translation 8,535 3,052
Loss on sale of available-for-sale financial assets 1 202
Impairment loss of available-for-sale financial assets 15,355 -
Loss on sale of held-to-maturity investments 196 -
₩139,442 211,145
(In millions of won)
(*) The Company recognized gain on disposal of available-for-sale financial assets amounting ₩ 212,322 million (Accumulative other comprehensive income) of Hyundai Hysco Co., Ltd
in connection to the merger of Hyundai Steel Company and the Cold-Rolled Coil Division spun off from Hyundai Hysco Co., Ltd for the year ended December 31, 2013.
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