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December 31, 2014 and 2013
Notes to the Consolidated
Financial Statements
KIA MOTORS CORPORATION AND SUBSIDIARIES
6. Inventories
Inventories as of December 31, 2014 and 2013 are summarized as follows:
2014 2013
Finished goods ₩ 4,733,908 3,099,839
Merchandise 45,932 42,715
Semi-nished goods 319,761 445,778
Work-in-process 196,849 196,921
Raw materials 391,060 332,201
Supplies 152,752 145,397
Materials-in-transit 240,320 68,516
₩ 6,080,582 4,331,367
7. Available-for-sale Financial Assets
(a) Available-for-sale nancial assets as of December 31, 2014 and 2013 are summarized as follows:
Company Percentage of ownership Acquisition cost 2014 2013
Marketable securities
Hyundai WIA Corporation 13.44% ₩ 237,510 643,105 694,260
Hyundai Hysco Co., Ltd. 15.65% 63,794 259,568 148,172
HMC Investment Securities Co., Ltd. 4.90% 29,574 14,600 10,584
SeAH Besteel Corp. 0.00% 20 49 45
330,898 917,322 853,061
Non-marketable securities(*1)
WIA Automotive Engine (Shang-dong) Company 18.00% 47,332 47,332 47,332
Hyundai Capital America(*2) - - -316,590
Other 20,313 20,313 19,494
67,645 67,645 383,416
Debt securities
Subordinate securities - -8,000
Industrial nance bond and other 891,148 891,148 -
Bond trust and other 544,906 544,906 -
Other 628 628 630
1,436,682 1,436,682 8,630
₩ 1,835,225 2,421,649 1,245,107
(*1) Investments in equity instruments that do not have a quoted market price in an active market, and whose fair value cannot be reliably measured are measured at cost.
(*2) The Company was able to exercise signicant inuence on the entity by acquisition of shares in 2014, therefore reclassied the investment from available-for-sale nancial assets to investments in
associates and joint ventures.
(b) Changes in fair value of available-for-sale nancial assets for the years ended December 31, 2014 and 2013 are summarized as follows:
2014 2013
Balance at January 1 ₩ 541,153 730,334
Changes in unrealized gain 60,625 7,786
Realized in prot or loss upon disposal -(196,967)
Balance at December 31 before taxes 601,778 541,153
Income tax effect (145,630) (130,959)
Balance at December 31 ₩ 456,148 410,194
8. Investments in Associates and Joint Ventures
(a) Details of investments in associates and joint ventures as of December 31, 2014 and 2013 are summarized as follows:
Company Percentage of
ownership
2014 2013
Acquisition cost Carrying amount Acquisition cost Carrying amount
Hyundai Mobis Co., Ltd.(*1) 16.88% ₩ 215,012 3,770,722 215,012 3,288,988
Hyundai Steel Company (*1) 19.78% 618,000 2,649,892 618,000 2,566,364
Hyundai Engineering & Construction Co., Ltd.(*1) 5.23% 746,234 782,721 746,234 762,700
Hyundai Powertech Co., Ltd. 37.58% 172,576 386,175 172,576 344,798
Hyundai Card Co., Ltd.(*1) 11.48% 147,960 300,676 147,960 271,642
Hyundai Dymos Inc. 45.37% 89,438 278,619 89,438 261,013
EUKOR Car Carriers Inc.(*1) 8.00% 19,565 113,247 19,565 99,070
Hyundai AMCO Co., Ltd.(*4) - - - 10,067 129,764
Hyundai Engineering Co., Ltd.(*1,4) 9.35% 214,848 215,700 - -
Hyundai Partecs Co., Ltd. 31.00% 12,400 21,403 12,400 20,576
Hyundai Autoever Systems Co., Ltd.(*1,7) 19.37% 1,000 53,786 1,000 44,487
Donghee Auto Co., Ltd. 35.10% 10,530 16,178 10,530 14,556
TRW Steering Co., Ltd. 29.00% 8,952 770 8,952 1,124
Kia Tigers Co., Ltd.(*2) 100.00% 20,300 - 20,300 -
Hyundai NGV Co., Ltd. 24.39% 250 2,146 250 1,653
Haevichi Resort Co., Ltd. 40.00% 8,520 21,656 8,520 22,962
Hyundai Autron Co., Ltd. 20.00% 20,116 19,579 20,116 19,212
Beijing Dymos Transmission Co., Ltd. 24.08% 22,790 57,455 22,790 58,113
China Millennium Corporations 30.30% 27,185 26,006 27,185 21,852
Hyundai Motor Company China Ltd. 30.00% 19,671 94,624 19,671 93,526
Yanji Kia Motors A/S and Repair(*2) 100.00% 1,792 1,792 1,792 1,792
(KRW in millions)
(KRW in millions)
(KRW in millions)
(KRW in millions)
84 85
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