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December 31, 2014 and 2013
Notes to the Consolidated
Financial Statements
KIA MOTORS CORPORATION AND SUBSIDIARIES
(e) Details of changes in deferred tax assets and liabilities for the year ended December 31, 2014 are as follows:
Beginning
balance
Prot or loss Other
comprehensive income
Ending
balance
Allowance for doubtful accounts ₩ 17,346 (3,586) - 13,760
Bad debts write-off 59,880 (2,041) - 57,839
Accrued expenses 220,481 29,846 - 250,327
Provision of warranty for sale 368,985 102,185 - 471,170
Provision of other long-term employee benets 51,368 7,979 - 59,347
Annual leaves 25,957 1,858 - 27,815
Revaluated land (359,331) 793 - (358,538)
Depreciation (263,743) (37,740) (301,483)
Investment in subsidiaries and associates (1,400,352) (151,040) - (1,551,392)
Gains/Losses on sales of investment assets and others (57,172) (120) - (57,292)
Gains/Losses on valuation of available-for-sale nancial assets (130,959) - (14,671) (145,630)
Operating loss carryforward 252 18,398 - 18,650
Others 154,106 (12,332) - 141,774
₩ (1,313,182) (45,800) (14,671) (1,373,653)
(f) Details of changes in deferred tax assets and liabilities for the year ended December 31, 2013 are as follows:
Beginning
balance
Prot or loss Other
comprehensive income
Ending
balance
Allowance for doubtful accounts ₩ 20,185 (2,839) - 17,346
Bad debts write-off 59,880 - - 59,880
Accrued expenses 245,193 (24,712) - 220,481
Provision of warranty for sale 321,770 47,215 - 368,985
Provision of other long-term employee benets 53,842 (2,474) - 51,368
Annual leaves 22,786 3,171 - 25,957
Revaluated land (366,868) 7,537 - (359,331)
Depreciation (271,842) 8,099 -(263,743)
Investment in subsidiaries and associates (1,196,352) (204,000) - (1,400,352)
Gains/Losses on sales of investment assets and others (76,843) 19,671 - (57,172)
Valuation of available-for-sale nancial assets (176,741) - 45,782 (130,959)
Operating loss carryforward 2,390 (2,138) - 252
Others 106,059 48,047 - 154,106
₩ (1,256,541) (102,423) 45,782 (1,313,182)
(g) As of December 31, 2014 the amounts of total temporary differences related to investments of subsidiaries and associates which deferred tax assets and
liabilities were not recognized, are ₩ 604,706 million and ₩ 2,562,185 million, respectively .
(KRW in millions) (KRW in millions)
108 109
Annual Report 2014Financial Review