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December 31, 2014 and 2013
Notes to the Consolidated
Financial Statements
KIA MOTORS CORPORATION AND SUBSIDIARIES
(b) Accumulated other comprehensive income and loss as of December 31, 2014 and 2013 are summarized as follows:
2014 2013
Gain on valuation of available-for-sale nancial assets
₩ 456,148
410,194
Change in capital adjustments - increase in gain of equity
method accounted investments, net of tax of nil
98,543
111,759
Change in capital adjustments - increase in loss of equity method
accounted investments, net of tax of nil
(278,178)
(171,983)
Foreign currency translation difference, net of tax of nil
(394,814)
(247,994)
₩ (118,301)
101,976
(c) Other equity as of December 31, 2014 and 2013 are summarized as follows:
2014 2013
Gain on retirement of capital stock
₩ 119,859
119,859
Other capital surplus
55,613
55,613
Treasury shares
(88,927)
(24,432)
₩ 86,545
151,040
21. Retained Earnings
(a) Retained Earnings as of December 31, 2014 and 2013 are summarized as follows:
2014 2013
Legal reserve
₩ 152,400
123,900
Voluntary reserve
12,439,140
10,042,411
Unappropriated retained earnings
6,224,114
6,135,501
₩ 18,815,654
16,301,812
(b) Changes in retained earnings for the years ended December 31, 2014 and 2013 are summarized as follows:
2014 2013
Balance at January 1
₩ 16,301,812
12,663,024
Prot attributable to owners of the Parent Company
2,993,593
3,817,059
Dividends
(283,489)
(263,240)
Dened benet plan remeasurements
(162,118)
74,281
Change in remeasurements of associates
(34,144)
10,688
Balance at December 31
₩ 18,815,654
16,301,812
22. Earnings per Share
Details of calculating earnings per share for the years ended December 31, 2014 and 2013 are as follows:
(a) Basic earnings per share
2014 2013
Prot attributable to owners of the Parent Company
₩ 2,993,593,266,805
3,817,059,084,178
Weighted-average number of common shares outstanding(*)
404,922,715
404,985,231
Earnings per share
₩ 7,393
9,425
(*) The weighted-average number of common equivalent shares are calculated by average outstanding period, and treasury shares are not included in the number of common equivalent shares.
(b) Basic and diluted earnings per share are the same for the year ended December 31, 2014 since there are no dilutive potential ordinary shares as
of December 31, 2014.
23. Dividends
(a) Details of dividends for the years ended December 31, 2014 and 2013 are summarized as follows:
2014 2013
Number of shares issued
405,363,347
405,363,347
Number of treasury shares
(1,305,122)
(378,116)
Number of dividend shares
404,058,225
404,985,231
Par value per share
₩ 5,000
5,000
Dividends as a percentage of par value
20%
14%
Dividend amount
₩ 404,058
283,489
(b) Dividends payout ratio for the years ended December 31, 2014 and 2013 are summarized as follows:
2014 2013
Dividend amount
₩ 404,058
283,489
Prot attributable to owners of the Parent Company
2,993,593
3,817,059
Dividend payout ratio
13.50%
7.43%
(c) Dividend yield ratio for the years ended December 31, 2014 and 2013 are summarized as follows:
2014 2013
Dividend per share
₩ 1,000
700
Market price as of year end
52,300
56,100
Dividend yield ratio
1.91%
1.25%
(KRW in millions)
(KRW in millions)
(KRW in millions)
(KRW in millions)
(In won, except number of shares)
(In won, except for ratio)
(KRW in millions)
(KRW in millions, except shares and par value)
102 103
Annual Report 2014Financial Review