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December 31, 2014 and 2013
Notes to the Consolidated
Financial Statements
KIA MOTORS CORPORATION AND SUBSIDIARIES
Changes in allowance for doubtful trade accounts and notes receivable and other receivables for the years ended December 31, 2014 and 2013
are summarized as follows:
2014 2013
Accounts and notes
receivable- trade
Other
receivable
Accounts and notes
receivable- trade
Other
receivable
Balance at January 1
₩ 101,033 17,046
119,395 24,603
Collection of written-off amount
8,534 - 146 -
Write-off
(930) (2,760) (18,434) (7,410)
Allowance for doubtful accounts
(8,010) 592 (1,092) (181)
Others
(1,964) (141) 1,018 34
Balance at December 31
₩ 98,663 14,737 101,033 17,046
(b) Liquidity risk
(i) Aggregate maturities of the Company’s nancial liabilities, including estimated interest, as of December 31, 2014 are summarized as follows:
Within 1 year
1~5 years Over 5 years
Total
Accounts and notes payable - trade ₩ 5,888,191 - - 5,888,191
Accounts and notes payable - other 1,959,339 - - 1,959,339
Accrued expenses 1,359,185 - - 1,359,185
Bonds 337,880 832,017 - 1,169,897
Borrowings 1,564,586 2,024,040 114,760 3,703,386
Financial lease liabilities 5,598 4,665 - 10,263
Other current liabilities 4,516 - - 4,516
Other non-current liabilities - 63,575 -63,575
₩ 11,119,295 2,924,297 114,760 14,158,352
(KRW in millions)
(KRW in millions)
31. Risk Management of Financial Instruments
(a) Credit and counterparty risk
(i) Exposure to credit and counterparty risk
The carrying amount of nancial assets means maximum exposure in respect of credit and counterparty risk. The maximum exposure as of
December 31, 2014 and 2013 are as follows:
2014 2013
Cash and cash equivalents (*)
₩ 2,478,171
2,310,787
Short-term nancial instruments
3,458,889 4,035,379
Short-term available-for-sale nancial assets
1,176,358
8,000
Accounts and notes receivable - trade
2,419,265
2,072,818
Accounts and notes receivable - other
514,366
468,210
Other current assets
301,864
90,796
Long-term nancial instruments
84,349
294,377
Long-term available-for-sale nancial assets
260,324
630
Long-term accounts and notes receivable - trade
3,836
1,662
Guarantee deposits
168,929
162,190
Other non-current assets
102,692
93,154
₩ 10,969,043
9,538,003
(*) Cash on hand is excluded.
(ii) Loss on impairment
The carrying amount of trade account and notes receivable and other receivable based on by maturity as of December 31, 2014 and 2013 are as
follows:
2014 2013
Accounts and notes
receivable- trade
Other
receivable (*)
Accounts and notes
receivable- trade
Other
receivable (*)
Not overdue
₩ 1,934,720 786,748
1,958,343 691,216
Past due less than 3 month
346,183 20,028 84,981 39,860
Past due 4~ 6 month
139,418 49,826 3,962 21,973
Past due 7~12 month
2,311 1,222 23,296 1,220
Past due over 12 month
99,132 29,089 104,931 47,043
₩ 2,521,764 886,913 2,175,513 801,312
(*) Other receivables are comprised of other accounts and notes receivables, long-term other accounts and notes receivables, accrued income, short-term loans and guarantee deposits.
(KRW in millions)
(KRW in millions)
114 115
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