Kia 2015 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2015 Kia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

(c) Financial information of subsidiaries
Financial information of significant subsidiaries (before eliminating intra-group transaction) as of and for the years ended December 31, 2015
and 2014 are summarized as follows:
(i) Financial information as of and for the year ended December 31, 2015
(In millions of won)
Company Total assets Total liabilities Sales Net income(loss)
KMA ₩ 6,522,417 5,581,266 14,493,133 18,575
KMMG 2,451,924 1,534,815 8,764,010 154,419
KMS 2,804,382 1,713,794 6,367,957 263,758
KMR 402,144 365,163 1,959,935 (8,881)
(ii) Financial information as of and for the year ended December 31, 2014
(In millions of won)
Company Total assets Total liabilities Sales Net income(loss)
KMA ₩ 4,528,878 3,452,198 12,846,503 423,987
KMMG 2,206,318 1,399,460 7,685,561 151,836
KMS 2,516,976 1,428,020 6,415,996 395,051
KMR 889,520 834,289 3,517,360 (231,882)
2. Basis of Accounting
(a) Statement of compliance
The consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards (“K-IFRS”), as
prescribed in
the Act on External Audit of Corporations in the Republic of Korea
.
(b) Basis of measurement
The consolidated financial statements have been prepared on the historical cost basis, except for the following material items in the consolidated
statements of financial position:
฀ •฀Derivative฀nancial฀instruments฀are฀measured฀at฀fair฀value
฀ •฀Financial฀instruments฀at฀fair฀value฀through฀prot฀or฀loss฀are฀measured฀at฀fair฀value
฀ •฀Available-for-sale฀nancial฀assets฀are฀measured฀at฀fair฀value
฀ •฀Liabilities฀for฀dened฀benet฀plans฀are฀recognized฀at฀the฀net฀of฀total฀present฀value฀of฀dened฀benet฀obligations฀less฀the฀fair฀value฀of฀plan฀assets฀
(c) Functional and presentation currency
The consolidated financial statements are presented in Korean won, which is the Parent Company’s functional currency and the currency of the
primary economic environment in which the Company operates.
63
ANNUAL REPORT 2015 |