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8. Investments in Associates and Joint Ventures
(a) Details of investments in associates and joint ventures as of December 31, 2015 and 2014 are summarized as follows:
(In millions of won)
2015 2014
Company
Percentage of
ownership Carrying amount
Percentage of
ownership Carrying amount
Hyundai Mobis Co., Ltd. (*1) ₩ 16.88% 4,167,138 16.88% 3,770,722
Hyundai Steel Company (*1, 2, 8) 17.27% 2,578,536 19.78% 2,649,892
Hyundai Engineering & Construction Co., Ltd. (*1) 5.23% 795,122 5.23% 782,721
Hyundai Powertech Co., Ltd. 37.58% 433,871 37.58% 386,175
Hyundai Card Co., Ltd. (*1) 11.48% 286,326 11.48% 300,676
Hyundai Dymos Inc. 45.37% 314,692 45.37% 278,619
EUKOR Car Carriers Inc. (*1) 8.00% 127,471 8.00% 113,247
Hyundai Engineering Co., Ltd. (*1) 9.35% 234,643 9.35% 215,700
Hyundai Partecs Co., Ltd. 31.00% 22,446 31.00% 21,403
Hyundai Autoever Systems Co., Ltd. (*1) 19.37% 61,339 19.37% 53,786
Donghee Auto Co., Ltd. 35.10% 17,377 35.10% 16,178
TRW Steering Co., Ltd. 29.00% 1,205 29.00% 770
Kia Tigers Co., Ltd. (*3) 100.00% - 100.00% -
Hyundai NGV Co., Ltd. 24.39% 2,587 24.39% 2,146
Haevichi Resort Co., Ltd. (*4) 23.24% 39,667 40.00% 21,656
Hyundai Autron Co., Ltd. 20.00% 20,966 20.00% 19,579
Beijing Dymos Transmission Co., Ltd. 24.08% 62,232 24.08% 57,455
China Millennium Corporations 30.30% 29,779 30.30% 26,006
Hyundai Motor Group China Ltd. 30.00% 78,834 30.00% 94,624
Yanji Kia Motors A/S and Repair (*3) 100.00% 2,528 100.00% 1,792
Hyundai Powertech (Shangdong) Co., Ltd. 25.00% 78,667 25.00% 36,734
Dongfeng Yueda Kia Motors Co., Ltd. (*5) 50.00% 880,820 50.00% 958,400
Hyundai Motor Manufacturing Russia LLC 30.00% 93,250 30.00% 117,029
Innocean Worldwide Americas, LLC 20.00% 1,360 20.00% 1,853
Hyundai Information SystemNorth America 30.00% 3,921 30.00% 3,154
Sewon America, Inc. 40.00% 10,212 40.00% 11,663
Hyundai Capital America 20.00% 582,225 20.00% 503,842
Hyundai Capital Services UK Ltd. (*5) 10.00% 14,922 10.00% 9,407
Hyundai Capital Canada Inc. (*6) 40.00% 22,017 40.00% 15,405
Hyundai Capital Services Deutschland GmbH (*7) 20.00% 7,351 - -
₩ 10,971,504 10,470,634
(*1) Though the Company’s ownership is below 20%, the Company has significant influence on the financial and operating policy decisions.
(*2) In 2015, Hyundai Hysco Co., Ltd. merged into Hyundai Steel Company. Upon the merger, the Company received 0.855761 shares of Hyundai Steel Company’s common stock in
exchange for each shares of Hyundai Hysco Co., Ltd’s common stock. As a result, investments in Hyundai Steel Company increased by ₩ 205,656 million.
(*3) Though the Company has 100% of the ownership, equity method is applied because management believes that the difference between consolidation and applying equity method is immaterial.
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ANNUAL REPORT 2015 |