Hyundai 2004 Annual Report Download - page 37

Hyundai Motor Company Annual Report 2004_72
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2003
2004 2003 2004 2003
Effect of exchange rate on cash (92,999) 55,623 $(89,098) $53,290
Effect of change in consolidated subsidiaries (15,194) 267,184 (14,556) 255,972
Net increase (decrease) in cash and cash equivalents (1,575,498) 1,997,580 (1,509,387) 1,913,758
Cash and cash equivalents, beginning of year 4,763,452 2,765,872 4,563,568 2,649,810
Cash and cash equivalents, end of year
 3,187,954  4,763,452 $3,054,181 $4,563,568
See accompanying notes to consolidated financial statements.
Korean won
(in millions)
Translation into
U. S. dollars (Note 2)
(in thousands)
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2003
2004 2003 2004 2003
Cash flows from investing activities:
Cash inflows from investing activities:
Proceeds from disposal of short-term investment
securities 6,130,563 4,483,700 $5,873,311 $4,295,554
Reduction in short-term financial instruments
and other current assets 355,002 6,071,479 340,105 5,816,707
Proceeds from disposal of long-term investment
securities 815,601 972,547 781,377 931,737
Proceeds from disposal of investment securities accounted
for using the equity method 43,397 1,515,544 41,576 1,451,949
Reduction in other assets 445,011 670,947 426,338 642,793
Proceeds from disposal of property, plant and equipment 243,104 196,153 232,903 187,922
8,032,678 13,910,370 7,695,610 13,326,662
Cash outflows from investing activities:
Purchase of short-term financial instruments (1,660,920) (7,728,526) (1,591,224) (7,404,221)
Acquisition of short-term investment securities (6,216,350) (4,084,863) (5,955,499) (3,913,454)
Additions to other current assets (148,663) (135,126) (142,425) (129,456)
Acquisition of long-term investment securities (1,462,683) (2,141,561) (1,401,306) (2,051,697)
Additions to other assets (385,582) (1,245,987) (369,403) (1,193,703)
Acquisition of property, plant and equipment (3,412,036) (2,830,903) (3,268,859) (2,712,112)
Expenditures for development costs (657,511) (391,349) (629,920) (374,927)
(13,943,745) (18,558,315) (13,358,636) (17,779,570)
(5,911,067) (4,647,945) (5,663,026) (4,452,908)
Cash flows from financing activities:
Cash inflows from financing activities:
Proceeds from short-term borrowings 29,802,633 6,990,449 28,552,054 6,697,116
Proceeds from long-term debt 5,841,587 4,246,163 5,596,462 4,067,985
Proceeds from issuance of stock 6,404 236,816 6,135 226,879
Proceeds from disposal of treasury stock - 86,502 - 82,872
Others 433,209 194,262 415,030 186,110
36,083,833 11,754,192 34,569,681 11,260,962
Cash outflows from financing activities:
Repayment of short-term borrowings (28,657,473) (5,972,761) (27,454,946) (5,722,132)
Payment of current maturities of long-term debt (5,595,553) (3,152,809) (5,360,752) (3,020,511)
Payment of cash dividends (285,674) (395,989) (273,687) (379,372)
Repayment of long-term debt (397,346) (856,872) (380,673) (820,916)
Purchase of treasury stock (209,268) (192,957) (200,487) (184,860)
Others (508,549) (120,746) (487,208) (115,679)
(35,653,863) (10,692,134) (34,157,753) (10,243,470)
429,970 1,062,058 411,928 1,017,492
(continued)
Korean won
(in millions)
Translation into
U. S. dollars (Note 2)
(in thousands)