Kia 2013 Annual Report Download - page 60

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


For the years ended December 31, 2013 and 2012
(d) Interest rate risk
Sensitivity analysis of interest expenses and interests income from changes of interests rate for the years ended December 31, 2013
and 2012 are as summarized as follows:
 
   
Interest income ₩23,110 (23,110) 19,023 (19,023)
Interest expense 10,762 (10,762) 11,756 (11,756)
(In millions of won)
(ii) Aggregate maturities of the Company’s financial liabilities, including estimated interest, as of December 31, 2012 are summarized
as follows:
   
Accounts and notes payable - trade ₩4,998,445 - - 4,998,445
Accounts and notes payable - other 1,713,988 - - 1,713,988
Accrued expenses 921,097 - - 921,097
Bonds 156,263 1,628,081 - 1,784,344
Borrowings 1,345,932 927,726 343,875 2,617,533
Financial lease liabilities 6,581 17,208 - 23,789
Other current liabilities 3,137 - - 3,137
Other non-current liabilities - 108,446 - 108,446
₩9,145,443 2,681,461 343,875 12,170,779
(In millions of won)
(c) Foreign exchange risk
The Company’s capital and income (loss) would have been increased or decreased, if the foreign exchange rate against USD and EUR
were higher. The Company assumes that interest rate fluctuates 10% at year ended period. Also, the Company assumes that others
variables such as interest rate are not changed by sensitive analysis. The Company analyzed by the same method as used for last period
and details for the effect on income before taxes are summarized as follows:
 
   
USD ₩(131,830) 131,830 (154,569) 154,569
EUR 16,016 (16,016) 983 (983)
(In millions of won)
(b) Liquidity risk
(i) Aggregate maturities of the Company’s financial liabilities, including estimated interest, as of December 31, 2013 are summarized as
follows:
   
Accounts and notes payable - trade ₩5,192,589 - - 5,192,589
Accounts and notes payable - other 1,763,692 - - 1,763,692
Accrued expenses 1,119,919 - - 1,119,919
Bonds 471,904 1,140,048 - 1,611,952
Borrowings 1,265,176 675,399 23,717 1,964,292
Financial lease liabilities 6,567 16,266 - 22,833
Other current liabilities 2,182 - - 2,182
Other non-current liabilities - 86,143 - 86,143
₩9,822,029 1,917,856 23,717 11,763,602
(In millions of won)
Changes in allowance for doubtful trade accounts and notes receivable and other receivables for the years ended December 31, 2013
and 2012 are summarized as follows:
 








Balance at January 1 ₩119,395 24,603 126,119 25,315
Collection of written-off amount 146 - 163 7,055
Write-off (18,434) (7,410) (852) (8,052)
Impairment loss 86 - 846 -
Reversal of allowance for doubtful accounts (1,178) (181) (167) (172)
Others 1,018 34 (6,714) 457
Balance at December 31 ₩101,033 17,046 119,395 24,603
(In millions of won)

 