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7. Available-for-sale Financial Assets
(a) Available-for-sale financial assets as of December 31, 2015 and 2014 are summarized as follows:
(In millions of won)
Company Percentage of ownership Acquisition Cost 2015 2014
Marketable securities
Hyundai WIA Corporation
13.44% ₩ 237,510 409,249 643,105
Hyundai Hysco Co., Ltd. (*1)
- - -259,568
HMC Investment Securities Co., Ltd.
4.90% 29,574 14,384 14,600
SeAH Besteel Corp.
0.00% 20 48 49
267,104 423,681 917,322
Non-marketable securities (*2)
WIA Automotive Engine
(Shang-dong) Company
18.00% ₩
54,487 54,487 47,332
Other
21,144 21,144 20,313
75,631 75,631 67,645
Debt securities
Industrial finance bond and other
822,030 822,030 891,148
Bond trust and other
2,252,202 2,252,202 544,906
Other
23,465 23,465 628
3,097,697 3,097,697 1,436,682
₩ 3,440,432 3,597,009 2,421,649
(*1) Hyundai Hysco Co., Ltd. merged into Hyundai Steel Company in 2015.
(*2) Investments in equity instruments that do not have a quoted market price in an active market, and whose fair value cannot be reliably measured are measured at cost.
(b) Changes in fair value of available-for-sale financial assets for the years ended December 31, 2015 and 2014 are summarized as follows:
(In millions of won)
2015 2014
Balance at January 1 ₩ 601,778 541,153
Unrealized gain(loss) (287,985) 60,625
Realized in loss upon disposal (141,862) -
Balance at December 31 before taxes 171,931 601,778
Income tax effect (41,607) (145,630)
Balance at December 31 ₩ 130,324 456,148
78 | KIA MOTORS
December 31, 2015 and 2014
KIA MOTORS CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS