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(ii) Account balances with related companies as of December 31, 2014 are summarized as follows
(In millions of won)
Receivables Payables
Relation Company Trade Other Total Trade Other Total
Significant
influence Hyundai Motors Company
₩
10,692 32,765 43,457 130,463 252,596 383,059
Associates Hyundai Mobis Co., Ltd. 5,629 3,410 9,039 854,079 507 854,586
˝Hyundai Powertech Co., Ltd. - 690 690 61,307 1,562 62,869
˝Hyundai Dymos Inc. - 296 296 65,917 2,467 68,384
˝Hyundai Engineering Co., Ltd. - 31 31 16,241 23,028 39,269
˝EUKOR Car Carriers Inc. - 8 8 - 47,785 47,785
˝Donghee Auto Co., Ltd. - - - 26,367 763 27,130
˝Hyundai Motor Group China Ltd. 148,208 - 148,208 - 834 834
˝Dongfeng Yueda Kia Motors Co., Ltd. 20,934 460 21,394 39 598 637
˝Hyundai Motor Manufacturing Russia LLC 662 5,150 5,812 68,241 - 68,241
˝Mobis Alabama, LLC 14 1,260 1,274 140,308 - 140,308
˝Mobis Parts America, LLC 18 - 18 31,810 - 31,810
˝Mobis Slovakia s.r.o. 79 - 79 96,531 - 96,531
˝Powertech America, Inc. 5 151 156 30,710 - 30,710
˝Sewon America, Inc. - - - 21,417 - 21,417
˝Other 10,124 6,793 16,917 107,267 172,443 279,710
Other related
companies Hyundai Glovis Co., Ltd. 5,394 1,975 7,369 387,650 47,810 435,460
˝Hyundai WIA Corporation 788 13,477 14,265 503,419 18,387 521,806
˝Hyundai Capital Services Inc. 7,602 40 7,642 - 410 410
˝Hyundai Motor America 183,070 - 183,070 - 2,831 2,831
˝Hyundai Motor Manufacturing Czech s.r.o. 37,598 9,973 47,571 - 9,852 9,852
˝Hyundai Motor Manufacturing Alabama,LLC - 101 101 39,377 370 39,747
˝Hyundai Auto Canada Corp. 56,077 - 56,077 - 2,433 2,433
˝Other 2,244 7,171 9,415 116,621 100,070 216,691
₩
489,138 83,751 572,889 2,697,764 684,746 3,382,510
The Company holds financial instruments of
₩
650,000 million in HMC Investment Securities Co., Ltd, its related party, and makes contributions
to Hyundai Life Insurance Co., Ltd for employee benefit plan in connection with severance and retirement benefits which totaled
₩
121,137
million as of December 31, 2015.
HMC Investment Securities Co., Ltd, a related party of the Company, acquired bonds issued by the Company for
₩
200,000 million during the
year.
114 | KIA MOTORS
December 31, 2015 and 2014
KIA MOTORS CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS