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Hyundai Motor Company Annual Report 2003 _10099_Hyundai Motor Company Annual Report 2003
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
23. RELATED PARTY TRANSACTIONS
In 2003, significant transactions with related parties other than the consolidated subsidiaries are as follows:
Companies Related party Sales/ Purchases/ Sales/ Purchases/
revenues expenses revenues expenses
Hyundai Motor Company Hyundai Mobis 133,565 953,080 $111,509 $795,692
Kia Motors Corporation Hyundai Mobis 46,798 488,651 39,070 407,957
In 2002, significant transactions with related parties other than the consolidated subsidiaries are as follows:
Korean won
(in millions)
U. S. dollars (Note 2)
(in thousands)
Companies Related party Sales/ Purchases/ Sales/ Purchases/
revenues expenses revenues expenses
Hyundai Motor Company Hyundai Mobis 95,288 656,140 $79,553 $547,788
Kia Motors Corporation Hyundai Mobis 38,038 277,375 31,757 231,570
As of December 31, 2003, significant balances related to the transactions other than the consolidated subsidiaries are as
follows:
Korean won
(in millions)
U. S. dollars (Note 2)
(in thousands)
Companies Related party Receivables Payables Receivables Payables
Hyundai Motor Company Hyundai Mobis 56,098 178,071 $46,834 $148,665
Kia Motors Corporation Hyundai Mobis 33,031 150,626 27,576 125,752
As of December 31, 2002, significant balances related to the transactions other than the consolidated subsidiaries are as
follows:
Korean won
(in millions)
U. S. dollars (Note 2)
(in thousands)
Companies Related party Receivables Payables Receivables Payables
Hyundai Motor Company Hyundai Mobis 6,497 96,838 $5,424 $80,847
Kia Motors Corporation Hyundai Mobis 111,345 137,978 92,958 115,193
Korean won
(in millions)
U. S. dollars (Note 2)
(in thousands)
As of December 31, 2003 and 2002, significant balances related to the transactions between the consolidated subsidiaries are
as follows:
Subsidiaries Counterpart subsidiaries 2003 2002 2003 2002
Kia Motors Corporation WIA Corporation 610 11,593 $509 $9,679
Kia Motors Corporation Hyundai Capital Service Inc. 7,609 - 6,352 -
Kia Motors Corporation Kia Motors America
Inc. and others 683,481 636,022 570,614 530,992
Kia Motors Corporation KIA Canada, Inc 113,620 100,956 94,857 84,285
Kia Motors Corporation Kia Motors
Deutschland GmbH. 39,065 211,704 32,614 176,744
Kia Motors Corporation Kia Motors Europe 349,486 - 291,773 -
Kia Motors Europe KIA Motors
Deutschland GmbH 166,831 - 139,281 -
Kia Motors Europe KIA Motors UK 110,851 - 92,546 -
Autoever Co., Ltd. Kia Motors Corporation 12,340 8,706 10,302 7,268
KEFICO Corporation Kia Motors Corporation 10,136 7,606 8,462 6,350
Hyundai Dymos Kia Motors Corporation 5,927 2,413 4,948 2,015
Hyundai Capital Service Inc. Hyundai Powertech 13,151 16,047 10,979 13,397
Wia Corporation Kia Motors Corporation 83,813 93,340 69,972 77,926
Hyundai Powertech Kia Motors Corporation 46,845 26,902 39,109 22,460
Hyundai HYSCO Kia Motors Corporation 7,918 16,788 6,610 14,016
Hyundai Translead HAOSVT - 30,245 - 25,250
Korean won
(in millions)
U. S. dollars (Note 2)
(in thousands)