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(*4) In 2015, the Company’s ownership decreased due to disproportionate capital increase.
(*5) The Company classified Dongfeng Yueda Kia motors Co., Ltd. and Hyundai Capital Services UK Ltd. as joint ventures since the Company has the right to the net assets established by contractual agreement.
(*6) In 2015, the Company invested ₩ 15,646 million in cash to Hyundai Capital Canada Inc..
(*7) In 2015, the Company invested ₩ 11,121 million in cash to Hyundai Capital Services Deutschland GmbH.
(*8) In 2015, The Company classified its investments in Hyundai Steel Company of ₩ 337,020 million as non-current assets held for sale due to its plan for sale.
(b) Fair value of marketable securities of associates companies as of December 31, 2015 and 2014 are summarized as follows:
(In millions of won)
2015 2014
Hyundai Mobis Co., Ltd. ₩ 4,049,274 3,876,789
Hyundai Steel Company 1,151,305 1,463,622
Hyundai Engineering & Construction Co., Ltd. 166,499 245,521
(c) Changes in investment in associates and joint ventures for the year ended December 31, 2015 are summarized as follows:
(In millions of won)
Company
Beginning
balance
Acquisition
(Disposition)
Equity profit
or loss on
investment
Other capital
movement
Dividends
received
Other
Increase
(decrease)
Ending
balance
Hyundai Mobis Co., Ltd. ₩ 3,770,722 - 502,504 (56,807) (49,281) - 4,167,138
Hyundai Steel Company 2,649,892 205,656 80,704 (3,408) (17,288) (337,020) 2,578,536
Hyundai Engineering & Construction Co., Ltd. 782,721 - 11,922 3,396 (2,917) - 795,122
Hyundai Powertech Co., Ltd. 386,175 - 47,958 (262) - - 433,871
Hyundai Card Co., Ltd. 300,676 - 15,619 (1,286) (28,683) - 286,326
Hyundai Dymos Inc. 278,619 - 35,735 338 - - 314,692
EUKOR Car Carriers Inc. 113,247 - 12,982 6,522 (5,280) - 127,471
Hyundai Engineering Co., Ltd. 215,700 - 29,516 (2,053) (8,520) - 234,643
Hyundai Partecs Co., Ltd. 21,403 - 1,043 - - - 22,446
Hyundai Autoever Systems Co., Ltd. 53,786 - 10,203 (850) (1,800) - 61,339
Donghee Auto Co., Ltd. 16,178 - 1,515 - (316) - 17,377
TRW Steering Co., Ltd. 770 - 436 (1) - - 1,205
Kia Tigers Co., Ltd. (*) - - - - - - -
Hyundai NGV Co., Ltd. 2,146 - 466 - (25) - 2,587
Haevichi Resort Co., Ltd. 21,656 224 17,756 31 - - 39,667
Hyundai Autron Co., Ltd. 19,579 - 1,521 (134) - - 20,966
Beijing Dymos Transmission Co., Ltd. 57,455 - 5,699 568 (1,490) - 62,232
China Millennium Corporations 26,006 - 3,583 190 - - 29,779
Hyundai Motor Group China Ltd. 94,624 - (16,837) 1,047 - - 78,834
Yanji Kia Motors A/S and Repair 1,792 - (955) 1,691 - - 2,528
Hyundai Powertech (Shangdong) Co., Ltd. 36,734 - 15,783 26,150 - - 78,667
Dongfeng Yueda Kia Motors Co., Ltd. 958,400 - 85,077 10,335 (172,992) - 880,820
Hyundai Motor Manufacturing Russia LLC 117,029 - (5,238) (18,541) - - 93,250
Innocean Worldwide Americas, LLC 1,853 - 1,748 - (2,471) 230 1,360
Hyundai Information System North America 3,154 - 967 - (418) 218 3,921
Sewon America, Inc. 11,663 - (2,147) - - 696 10,212
Hyundai Capital America 503,842 - 43,458 192 - 34,733 582,225
Hyundai Capital Services UK Ltd. 9,407 - 5,355 - - 160 14,922
80 | KIA MOTORS
December 31, 2015 and 2014
KIA MOTORS CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS