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(ii) Aggregate maturities of the Company’s financial liabilities, including estimated interest, as of December 31, 2014 are summarized as follows:
(In millions of won)
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
(c) Foreign exchange risk
The Company’s capital and income (loss) would have been increased or decreased, if the foreign exchange rate against USD and EUR were
higher. The Company assumes that interest rate fluctuates 10% at year ended period. Also, the Company assumes that others variables such as
interest rate are not changed by sensitive analysis. The Company analyzed by the same method as used for last period and details for the effect
on income before taxes are summarized as follows:
(In millions of won)
2015 2014
10% Up 10% Down 10% Up 10% Down
USD
₩
(236,585) 236,585 (186,042) 186,042
EUR (17,671) 17,671 (14,403) 14,403
(d) Interest rate risk
Sensitivity analysis of interest expenses and interests income from changes of interests rate for the years ended December 31, 2015 and 2014
are as summarized as follows:
(In millions of won)
2015 2014
100 bps Up 100 bps Down 100 bps Up 100 bps Down
Interest income
₩
13,049 (13,049) 24,785 (24,785)
Interest expense 23,206 (23,206) 12,900 (12,900)
106 | KIA MOTORS
December 31, 2015 and 2014
KIA MOTORS CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS