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December 31, 2014 and 2013
Notes to the Consolidated
Financial Statements
KIA MOTORS CORPORATION AND SUBSIDIARIES
32. Transactions and Balances with Related Companies
(a) Signicant transactions
(i) Signicant transactions which occurred in the normal course of business with related companies for the year ended December 31, 2014 are
summarized as follows:
Relation Company Revenues Expenses
Sales Other Total Purchases Other Total
Signicant
inuence
associates
Hyundai Motors Company ₩ 159,630 9,074 168,704 504,078 509,591 1,013,669
Hyundai Mobis Co., Ltd. 53,210 3,301 56,511 4,125,224 2,219 4,127,443
Hyundai Powertech Co., Ltd. 3,524 371 3,895 402,703 1,558 404,261
Hyundai Dymos Inc. 3 315 318 457,983 401 458,384
Hyundai Engineering Co., Ltd. 80 114 194 - 123,870 123,870
Hyundai AMCO Co., Ltd. - 152 152 - 39,229 39,229
EUKOR Car Carriers Inc. - 529 529 - 441,861 441,861
Donghee Auto Co., Ltd. 3 - 3 203,806 36 203,842
Hyundai Motor Company China Ltd. 729,735 - 729,735 4 11,428 11,432
Dongfeng Yueda Kia Motors Co., Ltd. 303,734 23,790 327,524 976 32 1,008
Hyundai Motor Manufacturing Russia LLC 7,786 1,726 9,512 885,448 - 885,448
Mobis Alabama, LLC 3,422 14,315 17,737 1,865,634 19,990 1,885,624
Mobis Parts America, LLC 468 - 468 390,306 - 390,306
Mobis Slovakia s.r.o. 40,725 6,387 47,112 1,409,170 2,023 1,411,193
Powertech America, Inc. 65 2,816 2,881 432,638 - 432,638
Sewon America, Inc. - 4 4 295,452 10,487 305,939
Other 4,212 3,449 7,661 573,172 380,468 953,640
Other
related
companies
Hyundai Glovis Co., Ltd. 93,344 17,142 110,486 1,925,170 491,553 2,416,723
Hyundai WIA Corporation 1,947 4,859 6,806 2,770,975 15,563 2,786,538
Hyundai Capital Services Inc. 210,023 636 210,659 395 17,852 18,247
Hyundai Motor America 1,787,631 - 1,787,631 1 41,163 41,164
Hyundai Motor Manufacturing Czech s.r.o. 573,105 6,901 580,006 119,732 572 120,304
Hyundai Motor Manufacturing Alabama,LLC - 527 527 622,798 1,311 624,109
Hyundai Auto Canada Corp. 631,475 - 631,475 2 19,084 19,086
Other 16,227 7,726 23,953 1,574,281 534,943 2,109,224
₩ 4,620,349 104,134 4,724,483 18,559,948 2,665,234 21,225,182
(g) Offsetting nancial assets and nancial liabilities
(i) Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2014 are
summarized as follows:
Gross amounts
of recognized
nancial assets
Gross amounts of
recognized nancial
liabilities set off
Net amounts of
nancial assets
Related amounts
not set off
Net amount
Accounts and notes receivables - trade, and other ₩ 533,994 (399,370) 134,624 (913) 133,711
(ii) Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2014 are as
follows:
Gross amounts
of recognized
nancial assets
Gross amounts of
recognized nancial
assets set off
Net amounts of
nancial assets
Related amounts
not set off
Net amount
Short-term borrowings ₩ 1,271,765 - 1,271,765 (1,271,765) -
Accounts and notes payables - trade, and other 2,394,745 (399,370) 1,995,375 (913) 1,994,462
₩ 3,666,510 (399,370) 3,267,140 (1,272,678) 1,994,462
(iii) Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2013 are
as follows:
Gross amounts
of recognized
nancial assets
Gross amounts of
recognized nancial
liabilities set off
Net amounts of
nancial assets
Related amounts
not set off
Net amount
Accounts and notes receivables - trade, and other ₩ 512,720 (397,744) 114,976 (1,188) 113,788
(iv) Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2013
are as follows:
Gross amounts
of recognized
nancial liabilities
Gross amounts of
recognized nancial
assets set off
Net amounts of
nancial liabilities
Related amounts
not set off
Net amount
Short-term borrowings ₩ 742,435 - 742,435 (742,435) -
Accounts and notes payables – trade, and other 2,400,731 (397,744) 2,002,987 (1,188) 2,001,799
₩ 3,143,166 (397,744) 2,745,422 (743,623) 2,001,799
(KRW in millions)
(KRW in millions)
(KRW in millions)
(KRW in millions)
(KRW in millions)
120 121
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