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84
HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
Korean Won
(In millions) (%)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Companies Acquisition Book value Book value Ownership
cost percentage (*3)
Hyundai Research Institute 1,359 1,271 $1,367 14.90
Hyundai Unicorns Co., Ltd. 5,795 137 147 14.90
Gyeongnam Credit Guarantee Foundation 2,500 2,500 2,689 13.66
Kihyup Finance, Inc. 3,700 3,700 3,980 12.75
Micro Infinity 607 607 653 10.51
Yonhap Capital Co., Ltd. 10,500 10,500 11,295 10.49
Wisco Co., Ltd. 348 348 374 9.68
Hyundai Finance Corporation 9,888 9,888 10,637 9.29
Daejoo Heavy Industry Co. Ltd. 650 650 699 9.29
Hankyoreh Plus Inc. 4,800 284 306 7.41
Hyundai Oil Refinery Co., Ltd. 88,857 88,857 95,586 7.24
Korea Credit Bureau Co., Ltd. 3,000 3,000 3,227 6.26
Korea Smart Card Co., Ltd. 1,628 1,628 1,751 5.31
ENOVA System 4,075 2,461 2,648 4.67
Hyundai Asan Corporation 22,500 5,405 5,814 4.61
Space Imaging LLC 5,319 432 465 4.32
ROTIS Inc. 1,000 8 9 1.33
Koryo Co., Ltd. 6,625 728 783 1.02
Korea Investment Mutual Savings &
Finance Co., Ltd. 3,000 3,000 3,227 0.41
International Convention Center Jeju Co., Ltd. 500 500 538 0.31
GM Daewoo Auto and Technology Co., Ltd. 2,187 - - 0.02
Pilot beneficiary certificates 10,786 22,361 24,055 -
Equity investments 31,360 18,838 20,265 -
Other 22,851 8,504 9,147 -
307,701 249,204 $268,076
(*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$6,910 thousand), are not material.
(*2) This investment security was excluded from using the equity method despite its ownership percentage exceeding twenty percentages,
since there is no significant influence on the investee.
(*3) Ownership percentage is calculated by combining the ownership of the Company and its subsidiaries.