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(g) Offsetting financial assets and financial liabilities
(i) Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2015 are
summarized as follows:
(In millions of won)
Gross amounts of
recognized financial
assets
Gross amounts of
recognized financial
liabilities set off
Net amounts of
financial assets
Related amounts
not set off Net amount
Accounts and notes
receivables - trade,
and other
₩
534,903 (412,798) 122,105 (6,568) 115,537
(ii) Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2015 are as
follows:
(In millions of won)
Gross amounts of
recognized financial
liabilities
Gross amounts of
recognized financial
assets set off
Net amounts of
financial liabilities
Related amounts
not set off Net amount
Short-term borrowings
₩
1,408,778 - 1,408,778 (1,408,778) -
Accounts and notes
payables - trade,
and other
2,570,505 (412,798) 2,157,707 (6,568) 2,151,139
₩
3,979,283 (412,798) 3,566,485 (1,415,346) 2,151,139
(iii) Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2014 are as
follows:
(In millions of won)
Gross amounts of
recognized financial
assets
Gross amounts of
recognized financial
liabilities set off
Net amounts of
financial assets
Related amounts
not set off Net amount
Accounts and notes
receivables - trade,
and other
₩
533,994 (399,370) 134,624 (913) 133,711
(iv) Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2014 are as
follows:
(In millions of won)
Gross amounts of
recognized financial
liabilities
Gross amounts of
recognized financial
assets set off
Net amounts of
financial liabilities
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
110 | KIA MOTORS
December 31, 2015 and 2014
KIA MOTORS CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS