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50 HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (CONTINUED) AS OF DECEMBER 31, 2007 AND 2006
LIABILITIES AND SHAREHOLDERS’ EQUITY 2007 2006 2007 2006
Current liabilities:
Short-term borrowings (Note 14) 16,427,071 11,639,322 $17,509,136 $12,406,014
Current maturities of long-term debt and
debentures (Notes 8 and 15) 4,428,143 4,595,588 4,719,828 4,898,303
Trade notes and accounts payable (Note 25) 6,263,049 8,136,654 6,675,601 8,672,622
Trade notes and accounts payable-other 3,897,252 1,933,558 4,153,967 2,060,923
Accrued warranties (Note 17) 1,340,268 1,261,360 1,428,553 1,344,447
Income tax payable (Note 22) 807,668 391,564 860,870 417,357
Accrued expenses 1,756,883 1,666,514 1,872,610 1,776,289
Derivative liabilities (Note 29) 389,209 1,025 414,847 1,093
Deferred tax liabilities (Note 22) 18,395 3,744 19,607 3,991
Withholdings and other current liabilities 1,675,358 1,323,847 1,785,714 1,411,049
Total current liabilities 37,003,296 30,953,176 39,440,733 32,992,088
Long-term liabilities:
Long-term debt and debentures, net of current
maturities and discount on debentures issued
(Notes 8 and 15) 16,862,777 12,782,922 17,973,542 13,624,944
Accrued severance benefits, net of National
Pension payments for employees of £‹36,613
million in 2007 and 50,534 million in 2006,
and individual severance insurance deposits of
1,851,881 million in 2007 and 1,851,478
in 2006 (Note 2) 1,000,186 1,118,365 1,066,069 1,192,033
Long-term account payable 296,080 655,892 315,583 699,096
Derivative liabilities (Note 29) 83,597 59,935 89,104 63,883
Long-term accrued warranties (Note 17) 2,840,580 2,904,494 3,027,691 3,095,815
Provision for other liabilities 382,811 167,662 408,027 178,706
Deferred tax liabilities (Note 22) 564,016 255,825 601,168 272,676
Other long-term liabilities 968,868 750,779 1,032,688 800,233
Total long-term liabilities 22,998,915 18,695,874 24,513,872 19,927,386
Other financial business liabilities (Note 13) 131,679 94,462 140,353 100,684
Total liabilities 60,133,890 49,743,512 64,094,958 53,020,158
Commitments and contingencies (Note 28)
(Continued)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Korean Won
(In millions)