Hyundai 2006 Annual Report Download - page 103

Download and view the complete annual report

Please find page 103 of the 2006 Hyundai annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 135

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135

99
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
15. ACCRUED WARRANTIES:
The changes in accrued warranties in current and long-term liabilities in 2006 and 2005 are as follows:
Authorized Issued Par value Korean Won Translation into
(In millions) U.S. Dollars
(Note 2)
(In thousands)
Common stock 450,000,000 shares 219,466,255 shares 5,000 1,153,931 $1,241,320
Preferred stock 150,000,000 shares 65,202,146 shares 5,000 331,011 356,079
1,484,942 $1,597,399
Korean Won
(In millions)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Description 2006 2005 2006 2005
Beginning of year 4,080,597 4,989,797 $4,389,627 $5,367,682
Accrual 583,778 634,214 627,988 682,244
Use (498,521) (813,406) (536,274) (875,006)
Other changes (*) - (730,008) - (785,293)
End of year 4,165,854 4,080,597 $4,481,341 $4,389,627
(*) Other changes are the adjustments of the beginning balance of accrued warranties accounted for in the beginning retained earnings due
to application of SKAS No.17.
16. CAPITAL STOCK:
Capital stock as of December 31, 2006 consists of the following: