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53
2000 Annual Report •Hyundai-Motor Company
NOTES TO FINANCIAL STATEMENTS
December 31, 2000 and 1999
Unlisted investment equity securities as of December 31, 1999 consist of the following:
(*) In conformity with Financial Accounting Standards in the Republic of Korea, in 1999, the equity securities of these affiliates
were excluded from using the equity method since the individual beginning balance of assets is less than the required
assets level of ￦7,000 million.
Unlisted investment equity securities are stated at cost, except where an investee’s net equity value has declined and is not
expected to recover. Total net equity value of unlisted investment equity securities as at December 31, 2000 and 1999,
amounts to ￦364,833 million ($289,619 thousand) and ￦392,026 million ($311,206 thousand), respectively, based on the
investees’ latest financial statements.
In 2000, the Company disposed of its investments in Aluminum of Korea Co., Ltd. (13,098,726 shares), Hyundai Technology
Investment Co., Ltd. (2,000 shares), Hyundai Unicorns Co., Ltd. (26,120 shares), Hyundai Research Institute (702,000 shares),
Hyundai Petro-Chemical Co., Ltd. (350,000 shares), Hyundai Corporation (2,210,000 shares) and Korea Industrial
Development Co., Ltd. (18,951,079 shares) and in debt securities of Hyundai Petro-Chemical Co., Ltd. and Korea Industrial
Development Co., Ltd. for ￦63,044 million ($50,047 thousand) and recognized an extraordinary loss on disposal of ￦166,215
million ($131,948 thousand), net of extraordinary gain of ￦3,571 million ($2,835 thousand).
5. Insured Assets
As of December 31, 2000, property, plant and equipment are insured for ￦4,530,267 million ($3,596,306 thousand) with
Hyundai Fire & Marine Insurance Co. In addition, the Company carries general insurance for vehicles and workers’
compensation and casualty insurance for employees.
Hyundai Motor Shanghai Co., Ltd. (*)
Hyundai Jingxian Motor Safeguard Service Co., Ltd. (*)
Korea Rolling Stock Co.(*)
Korea Drive Train System(*)
Jinil MVC Co., Ltd.
Industri Otomotif Komersial
Hyundai Petro-Chemical Co., Ltd.
Hyundai Technology Investment Co., Ltd.
Kihyup Finance
Hyundai Motor Deutschland GmbH
Yonhap Capital Co., Ltd.
Ulsan Environmental Development
Hyundai Oil refinery Co., ltd.
Hyundai Asan Corporation
U.S Electrical Inc.
Hyundai Information Technology Co.LTD
Other
Percentage of
Ownership
100.00
84.88
40.00
29.90
18.00
15.00
15.32
15.00
10.34
10.00
-
7.50
6.33
5.00
3.80
2.45
Book value
$ 588
1,603
63,506
10,491
143
3,524
71,525
3,572
2,382
586
7,938
1,191
62,027
9,526
1,750
7,938
13,491
$ 261,781
Book value
￦741
2,019
80,000
13,216
180
4,439
90,100
4,500
3,000
738
10,000
1,500
78,134
12,000
2,204
10,000
16,995
￦
￦329,766
Acquisition costAffiliated Company
￦741
2,019
80,000
13,216
180
4,439
90,100
4,500
3,000
738
10,000
1,500
78,134
12,000
2,204
10,000
16,995
￦
￦329,766
U.S. dollars
(Note 2)
(in thousands)
Korean won
(in millions)