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Hyundai Motor Company Annual Report 2004_114
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2004 AND 2003
As of December 31, 2004 and 2003, significant balances related to the transactions between the consolidated subsidiaries are
as follows:
Subsidiaries Counterpart subsidiaries Subsidiary’s Subsidiary’s Subsidiary’s Subsidiary’s
receivable receivable receivable receivable
Kia Motors Corporation WIA Corporation 159,987 610 $153,274 $584
Autoever Co., Ltd. 14,683 - 14,067 -
Hyundai Card 30,529 - 29,248 -
Hyundai HYSCO 12,781 - 12,245 -
Dymos Inc. 21,641 - 20,733 -
KEFICO Corporation 11,618 - 11,130 -
Mseat Co., Ltd. 6,628 - 6,350 -
Hyundai Powertech 63,030 - 60,385 -
ROTEM 9,433 - 9,037 -
Kia Motors America Inc. 1,070,653 683,481 1,025,726 654,801
Kia Canada, Inc. 127,266 113,620 121,926 108,852
Bontek Co., Ltd. 3,284 - 3,146 -
Kia Motors Deutschland GmbH 261,988 39,065 250,994 37,426
Kia Motors Polska Sp.z.o.o. 644 24,309 617 23,289
Dong Feng Yueda
Kia Motor Co., Ltd. 20,297 - 19,445 -
Kia Motors Europe GmbH 827,780 349,486 793,045 334,821
Kia Motors Belgium - 17,424 - 16,693
Kia Motors (UK) Ltd. 330 114,492 316 109,688
Kia Motors Austria GmbH - 26,470 - 25,359
Kia Motors Europe Kia Motors Deutschland GmbH 246,413 166,831 236,073 159,830
Kia Motors Czech s.r.o. 15,140 12,088 14,505 11,581
Kia Motors Hungary Kft 15,345 12,317 14,701 11,800
Kia Motors UK 267,700 110,851 256,467 106,199
Kia Automobiles France 129,389 - 123,960 -
Kia Motors Iberia 337,026 - 322,884 -
Kia Motors Sweden AB 17,100 - 16,382 -
Kia Motors Belgium 41,162 17,444 39,435 16,712
Kia Motors Austria GmbH 47,011 27,125 45,038 25,987
Autoever Co., Ltd. Kia Motors Corporation 14,683 12,340 14,067 11,822
KEFICO Corporation Kia Motors Corporation 11,618 10,136 11,130 9,711
Hyundai Powertech - 2,636 - 2,525
Hyundai Dymos Kia Motors Corporation 21,614 5,927 20,707 5,678
Hyundai Capital Service Hyundai Powertech - 13,151 - 12,599
Inc.
2004 2003 2004 2003
Korean won
(in millions)
Translation into
U. S. dollars (Note 2)
(in thousands)
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2004 AND 2003
As of December 31, 2004 and 2003, significant balances related to the transactions between the Company and consolidated
subsidiaries are as follows:
Korean won
(in millions)
Translation into U. S. dollars (Note 2)
(in thousands)
Company’s Company’s Company’s Company’s Company’s Company’s Company’s Company’s
receivable payable receivable payable receivable payable receivable payable
Hyundai Capital Service Inc. 19,966 10,123 34,852 7,931 $19,128 $9,698 $33,390 $7,598
ROTEM 316 5,382 902 11,842 303 5,156 864 11,345
Hyundai Card 21,466 60,679 38,334 57,371 20,565 58,133 36,725 54,964
KEFICO Corporation 2,086 51,232 2,365 54,579 1,998 49,082 2,266 52,289
Hyundai Dymos 1,123 84,412 7,666 73,276 1,076 80,870 7,344 70,201
Hyundai Powertech 9,930 48,257 17,927 30,669 9,513 46,232 17,175 29,382
WIA Corporation 7,548 67,849 3,327 36,175 7,231 65,002 3,187 34,657
Kia Motors Corporation 174,496 119,381 264,780 13,211 167,174 114,372 253,669 12,657
Mseat Co., Ltd. 1,371 20,789 - - 1,313 19,917 - -
Autoever Systems Corp. 20 59,665 5,114 53,034 19 57,161 4,899 50,809
Hyundai HYSCO 2,051 26,119 100 30,786 1,965 25,023 96 29,494
Aju Metal Co., Ltd. 113 2,803 - - 108 2,685 - -
HAC 179,748 7,131 111,876 4,989 172,205 6,832 107,181 4,780
HMCA 130,247 1,315 104,932 2,030 124,782 1,260 100,529 1,945
HME 342,935 - 61,947 - 328,545 - 59,348 -
Hyundai Motor America 90,149 5,013 1,276,476 48,700 86,366 4,803 1,222,912 46,656
Hyundai Motor
Manufacturing Alabama,
LLC 9,885 - 4,552 - 9,470 - 4,361 -
Hyundai America Technical
Center Inc. - 4,002 - 10,040 - 3,834 - 9,619
Hyundai Motor India 15,513 2,859 33,039 68 14,862 2,739 31,653 65
Hyundai Motor Japan Co. 1,495 - 38,959 - 1,432 - 37,324 -
Hyundai Motor Poland Sp.
Zo. O 5,892 1,226 13,233 76 5,645 1,175 12,678 73
2004 2003 2004 2003