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Notes to the Consolidated
Financial Statements
KIA MOTORS CORPORATION AND SUBSIDIARIES
December 31, 2014 and 2013
29. Cash Flows
(a) Details of cash ows from operating for the years ended December 31, 2014 and 2013 are summarized as follows:
2014 2013
Prot for the year ₩ 2,993,593 3,817,059
Adjustments for:
Retirement and severance benets 252,675 252,361
Depreciation 928,021 839,074
Amortization 409,244 362,250
Warranty expenses 997,232 1,050,494
Income tax expense 822,723 1,011,517
Gain on investment in associates, net (1,394,152) (1,319,585)
Interest income / expenses (149,342) (82,950)
Dividends income (13,713) (11,049)
Gains/Losses on foreign currency translations 266,107 (19,625)
Gains/Losses on sale of property, plant and equipment 31,672 38,110
Others 89,252 (175,296)
₩ 2,239,719 1,945,301
(KRW in millions)
28. Classication of Expenses by Nature
Details of expenses by nature for the years ended December 31, 2014 and 2013 are summarized as follows:
2014 2013
Changes in inventories ₩ (1,577,411) (151,297)
Raw material and merchandise consumed 33,110,405 31,711,333
Employee benets 4,066,105 3,910,451
Other employee benets 655,172 626,206
Depreciation and amortization 1,337,265 1,201,324
Overseas marketing and export expenses 1,066,557 1,061,139
Sales promotion 737,859 795,287
Warranty expenses 997,232 1,050,494
Commissions and fees 1,013,666 1,006,899
Test expenses 774,005 732,434
Advertising 1,088,821 1,227,916
Freight 313,714 326,120
Rent 61,296 59,824
Utilities 311,951 303,557
Repairs and maintenance 128,098 128,218
Others 439,765 430,892
₩ 44,524,500 44,420,797
(KRW in millions)
110 111
Annual Report 2014Financial Review