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Hyundai Motor Company Annual Report 2003 _7877_Hyundai Motor Company Annual Report 2003
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
(4) Debt securities included in held-to-maturity of long-term investment securities as of December 31, 2003 consist of the
following:
Companies Acquisition Book value Book value Ownership
cost percentage(*2)
Koryo Co., Ltd 6,625 727 $607 1.02
Korea Software Financial Cooperative 500 500 417 0.60
Cheju International Convention Center 500 500 417 0.59
Daewoo Motor Co., Ltd. 2,213 - - 0.02
Machinery Insurance Cooperative 8,188 8,188 6,836 -
Space Imaging LLC 5,319 5,319 4,441 -
Korea Defense Industry Association 4,690 4,690 3,916 -
Daejoo Heavy Industry Co. Ltd. 650 650 543 -
Hyundai RB Co. 550 550 459 -
Yonhi Information & Communication
Co., Ltd. 500 - - -
Toba Telecom 405 - - -
Other 5,332 2,634 2,197 -
210,155 173,243 $144,634
(*1) The equity securities of these affiliates were excluded from using the equity method since the Company believes the
changes in the investment value due to the changes in the net assets of the investee, whose individual beginning balance
of total assets or paid-in capital at the date of its establishment is less than 7,000 million (US$5,844 thousand), are not
material.
(*2) Ownership percentage is calculated by combining the ownership of the Company and its subsidiaries.
In 2003, impairment loss between the acquisition cost and the estimated recoverable amount of Hyundai Unicorns Co., Ltd.,
Hankyoreh Plus Inc. (formerly Internet Hankyoreh Inc.), ROTIS Inc. and others are recognized in current operations.
Debt securities, classified into available-for-sale securities, included in long-term investment securities as of December 31, 2003
consist of the following:
Korean won
(in millions)
U. S. dollars
(Note 2)
(in thousands)
Description Acquisition Book value Book value
cost
Government bonds 6,683 6,683 $5,579
Corporate bonds 8,584 6,204 5,179
Asset backed securities 1,735,478 1,690,816 1,411,601
Other 1,153 350 294
1,751,898 1,704,053 $1,422,653
Korean won
(in millions)
U. S. dollars
(Note 2)
(in thousands)
Description Acquisition Book value Book value
cost
Government bonds 21,015 21,015 $17,545
Corporate bonds 789 789 659
Other 64,700 59,466 49,645
86,504 81,270 $67,849
Korean won
(in millions)
U. S. dollars
(Note 2)
(in thousands)
(5) Maturity of debt securities as of December 31, 2003 consist of the following:
Maturity Book value Book value
1 year ~ 5 years 1,648,494 $1,376,268
6 years ~ 10 years 136,829 114,234
1,785,323 $1,490,502
Korean won
(in millions)
U. S. dollars
(Note 2)
(in thousands)