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December 31, 2014 and 2013
Notes to the Consolidated
Financial Statements
KIA MOTORS CORPORATION AND SUBSIDIARIES
(e) Financial information of associates and joint ventures as of and for the year ended December 31, 2014 are summarized as follows:
Company Total
assets
Total
liabilities
Sales Operating
prot (loss)
Net income
(loss)
Other
comprehensive
income (loss)
Hyundai Mobis Co., Ltd. ₩ 39,111,916 15,825,813 36,184,974 3,070,594 3,392,511 3,246,719
Hyundai Steel Company 28,933,799 15,119,012 16,762,360 1,491,138 782,295 508,044
Hyundai Engineering & Construction Co.,Ltd. 18,439,693 11,473,381 17,386,959 958,903 586,697 563,589
Hyundai Powertech Co., Ltd. 2,116,632 1,087,859 3,253,110 106,852 105,377 105,431
Hyundai Card Co., Ltd. 12,397,420 9,842,039 2,612,533 300,023 223,514 189,253
Hyundai Dymos Inc. 1,862,580 1,239,756 2,572,325 64,126 47,006 50,871
EUKOR Car Carriers Inc. 3,045,259 1,629,676 2,487,114 236,756 196,984 257,710
Hyundai Engineering Co., Ltd. 5,768,363 3,299,281 5,689,716 408,396 314,985 276,647
Hyundai Partecs Co., Ltd. 135,101 66,060 51,856 5,068 2,668 2,668
Hyundai Autoever Systems Co., Ltd. 625,959 347,767 1,121,747 65,077 52,927 48,148
Donghee Auto Co., Ltd. 144,700 98,609 203,793 6,848 5,483 5,483
TRW Steering Co., Ltd. 27,826 25,166 72,139 (1,439) (1,170) (1,133)
Kia Tigers Co., Ltd 5,825 6,746 34,767 (310) (138) (138)
Hyundai NGV Co., Ltd. 18,739 9,939 36,860 2,669 2,105 2,105
Haevichi Resort Co., Ltd. 329,978 273,535 63,727 4,012 3,135 2,310
Hyundai Autron Co., Ltd 177,795 79,996 591,116 42 3,747 2,172
Beijing Dymos Transmission Co., Ltd. 373,874 135,275 398,413 44,479 33,708 33,708
China Millennium Corporations 104,872 19,043 30,188 13,630 10,908 10,908
Hyundai Motor Company China Ltd. 710,625 372,528 1,543,124 79,302 59,769 59,769
Hyundai Powertech (Shangdong) Co., Ltd. 899,557 651,590 1,666,248 89,439 61,166 61,166
Dongfeng Yueda Kia Motors Co., Ltd. (*) 4,598,011 2,659,660 9,970,876 999,358 749,739 749,739
Hyundai Motor Manufacturing Russia LLC 884,601 550,768 2,384,202 180,621 22,464 22,464
Innocean Worldwide Americas, LLC 231,191 210,238 243,718 17,841 17,970 17,970
Hyundai Information System North America 33,436 20,338 172,141 3,842 3,909 3,909
Sewon America, Inc. 302,671 273,552 416,706 11,578 6,413 6,413
Hyundai Capital Services UK Ltd. (*) 1,879,927 1,764,363 1,052,620 31,071 24,526 24,526
Hyundai Capital America 30,363,632 27,837,108 2,315,542 432,647 266,867 266,867
Hyundai Capital Canada Inc. 43,242 4,730 1 (13,676) (13,647) (13,647)
(*) Additional nancial information of joint ventures is summarized as follows:
Company Cash and cash
equivalents
Financial
liabilities
Depreciation Interest
income
Interest
expense
Income tax
expense
Dongfeng Yueda Kia Motors Co., Ltd. ₩ 174,172 397,899 155,926 17,595 14,801 248,030
Hyundai Capital Services UK Ltd. 54,121 1,745,604 - - - 6,545
(d) Changes in investment in associates and joint ventures for the year ended December 31, 2013 are summarized as follows:
Company Beginning
balance
Acquisition Equity prot
or loss on
investment
Other
capital
movement
Dividends
received
Other
decrease
Ending
balance
Hyundai Mobis Co., Ltd. ₩ 2,775,505 - 542,969 1,725 (31,211) - 3,288,988
Hyundai Steel Company 2,092,416 372,847 111,369 (1,188) (9,080) - 2,566,364
Hyundai Engineering & Construction Co., Ltd. 755,953 - 15,560 (5,897) (2,916) - 762,700
Hyundai Powertech Co., Ltd. 310,230 - 33,055 1,513 - - 344,798
Hyundai Card Co., Ltd. 251,943 - 18,736 963 - - 271,642
Hyundai Dymos Inc. 225,631 - 37,103 (1,721) - - 261,013
EUKOR Car Carriers Inc. 85,178 - 20,792 (1,537) (5,363) - 99,070
Hyundai AMCO Co., Ltd. 112,375 - 27,674 (2,290) (7,995) - 129,764
Hyundai Partecs Co., Ltd. 19,952 - 624 - - - 20,576
Hyundai Autoever Systems Co., Ltd. 37,134 - 9,141 (188) (1,600) - 44,487
Donghee Auto Co., Ltd. 12,950 - 1,606 - - - 14,556
TRW Steering Co., Ltd. 2,215 - (1,086) (5) -- 1,124
Kia Tigers Co., Ltd. - - - - -- -
Hyundai NGV Co., Ltd. 250 - 1,403 - -- 1,653
Haevichi Resort Co., Ltd. 19,852 - 3,110 - -- 22,962
Hyundai Autron Co., Ltd. 18,690 - 438 84 -- 19,212
Beijing Dymos Transmission Co., Ltd. 58,334 - 8,503 1,160 (9,884) - 58,113
China Millennium Corporations 19,505 - 2,558 (211) -- 21,852
Hyundai Motor Company China Ltd. 60,391 10,460 23,470 (795) -- 93,526
Yanji Kia Motors A/S and Repair 1,792 - - - -- 1,792
Hyundai Powertech (Shangdong) Co., Ltd. 29,179 - 13,590 (788) -- 41,981
Dongfeng Yueda Kia Motors Co., Ltd. 751,146 74,388 370,935 6,498 (314,759) - 888,208
Hyundai Motor Manufacturing Russia LLC 208,581 - 62,784 (17,882) (33,169) - 220,314
Kia Japan Co., Ltd. 7,831 (7,831) - - -- -
Innocean Worldwide Americas, LLC 5,619 - 1,957 - (2,744) (14) 4,818
Hyundai Information System North America 2,476 - 676 - (566) (32) 2,554
Sewon America, Inc. 8,985 - (235) (648) -(10) 8,092
Hyundai Capital Services UK Ltd. 2,066 4,352 1,112 - -31 7,561
₩ 7,876,179 454,216 1,307,844 (21,207) (419,287) (25) 9,197,720
(KRW in millions) (KRW in millions)
(KRW in millions)
88 89
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