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73
HYUNDAI MOTOR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006
Korean Won
(In millions) (%)
Translation into
U.S. Dollars (Note 2)
(In thousands)
Companies Acquisition Book value Book value Ownership
cost percentage (*2)
NESSCAP Inc. 1,997 1,997 $2,129 $12.05
The Sign Corporation (*3) 1,800 1,800 1,919 17.39
Muan Environment System Corporation (*4) 1,746 1,746 1,861 29.90
Hyundai Research Institute 1,359 1,271 1,355 14.90
Heesung PM Tech Corporation 1,194 1,194 1,273 19.90
Veloxsoft Inc. 1,000 1,000 1,066 7.69
Backsan Its Co., Ltd. 814 814 868 19.90
Koryo Co., Ltd. 6,625 728 776 1.02
Daejoo Heavy Industry Co. Ltd. 650 650 693 9.29
Micro Infinity 607 607 647 9.76
Wia Trade Corporation (*3) 590 590 629 100.00
NGVTEK.com (*3) 821 821 875 78.05
Hyundai RB Co., Ltd. 550 550 586 18.64
Clean Air Technology Inc. 500 500 533 16.13
International Convention Center Jeju
Co., Ltd. 500 500 533 0.30
Korea Credit Card Electronic Settlement
Service Co., Ltd. 484 484 516 11.25
Bs Humantek Co., Ltd. 320 320 341 13.90
Hankyoreh Plus Inc. 4,800 284 303 5.43
Carnes Co., Ltd. (*3) 250 250 266 49.99
Hyundai Unicorns Co., Ltd. 5,795 137 146 14.90
Korea Smart Card Co., Ltd. 1,628 22 23 5.31
ROTIS Inc. 1,000 8 9 0.22
GM Daewoo Auto and Technology Co., Ltd. 2,187 - - 0.02
Equity investments 19,029 19,029 20,282 -
Other 4,856 4,438 4,729 -
1,448,366 $1,543,771
(*1) Disposal of stocks is restricted.
(*2) The acquisition cost of Treasury Stock Fund is 12,213 million (US$13,017 thousand) and the lower of the fair value of treasury stock
and investments in those fund amounting to 5,040 million (US$5,372 thousand) is recorded as treasury stock in capital adjustments.
(*3) In conformity with Financial Accounting Standards in the Republic of Korea, the equity securities of these affiliates were not accounted
for 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$7,461 thousand), are not material.
(*4) 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.
(*5) Ownership percentage is calculated by combining the ownership of the Company and its subsidiaries.