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December 31, 2014 and 2013
Notes to the Consolidated
Financial Statements
KIA MOTORS CORPORATION AND SUBSIDIARIES
13. Other Assets
Other assets as of December 31, 2014 and 2013 are summarized as follows:
2014 2013
Other current assets:
Financial asset at fair value through prot or loss
₩ 200,056
-
Accrued income
87,904
73,758
Prepaid expenses
79,192
71,580
Derivatives asset
1,448
-
Deposits provided
2,162
2,163
Other
10,294
14,875
₩ 381,056 162,376
Other non-current assets:
Long-term accounts and notes receivable - other
₩ 98,816
77,588
Long-term prepaid expenses
500
1,601
Long-term advanced payments
9,406
7,822
Finance lease receivables
3,876
15,566
₩ 112,598 102,577
14. Borrowings
(a) Short-term borrowings
Short-term borrowings as of December 31, 2014 and 2013 are summarized as follows:
Lender Annual interest rate 2014 2013
Usance bills Woori Bank and others 0.39%~0.70%
₩ 117,158
133,941
Trade bills(*) Korea Development Bank and others 0.12%~4.05%
1,272,675
742,435
₩ 1,389,833 876,376
(*) The Company did not derecognize outstanding trade accounts and notes receivable transferred to the nancial institutions and recognized the transactions as borrowings from nancial
institutions.
(b) Long-term debt
Long-term debt in local currency as of December 31, 2014 and 2013 are summarized as follows:
Lender Annual interest rate 2014 2013
Facility loans
Korea Development Bank 2.83%
₩ 230,000
130,000
Nong Hyup Bank 2.78%~3.50%
180,000
70,000
Woori Bank 2.90%
200,000
-
General loans Kookmin Bank 3.13%
150,000
-
760,000
200,000
Less : current portion of long-term borrowing
-
-
₩ 760,000 200,000
Long-term debt in foreign currency as of December 31, 2014 and 2013 are summarized as follows:
Lender Annual interest rate 2014 2013
General loans Citi Bank and others 1.01%~1.78%
₩ 763,259
270,830
Facility loans and others Deutsche Bank and others 0.32%~2.11%
348,359
270,293
Citi Bank Korea -
-
196,087
Overseas investment loans Korea Development Bank and others 1.56%
317,669
-
1,429,287
737,210
Less : current portion of long-term borrowing
(119,387)
(332,242)
₩ 1,309,900 404,968
(c) Bonds
Bonds as of December 31, 2014 and 2013 are summarized as follows:
Due Annual interest rate 2014 2013
Unsecured public debentures 2015.8.24~ 2017.11.24 4.02%~4.69%
₩ 400,000
510,000
Unsecured foreign debentures 2016.2.25 2.13%
164,880
474,885
Foreign public debentures 2016.6.14 3.63%
549,600
527,650
1,114,480
1,512,535
Less : discounts on debentures
(2,407)
(4,351)
Less : current portion of long-term borrowing
(299,710)
(426,406)
₩ 812,363 1,081,778
(KRW in millions)
(KRW in millions)
(KRW in millions)
(KRW in millions)
(KRW in millions)
96 97
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