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HYUNDAI MOTOR COMPANY Annual Report 2015
118 119
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014
(2) The changes in PP&E for the year ended December 31, 2015 are as follows:
In millions of Korean Won
Description
Beginning
of the year Acquisitions
Transfers
within PP&E Disposals Depreciation Others (*)
End of
the year
Land ￦ 5,801,178 ￦ 8,974 ￦ 5,989,994 ￦ (843) -￦ (24,674) ￦ 11,774,629
Buildings 5,237,492 15,649 575,353 (915) (248,296) (84,007) 5,495,276
Structures 597,439 9,071 76,059 (1,934) (51,662) (16,225) 612,748
Machinery and
equipment 6,206,337 24,033 838,963 (21,917) (847,304) (49,528) 6,150,584
Vehicles 160,579 36,205 75,541 (46,331) (43,188) (8,563) 174,243
Dies, molds
and tools 1,711,448 5,881 894,573 (3,891) (607,192) (12,262) 1,988,557
Office equipment 426,152 54,608 129,240 (3,083) (153,237) (20,942) 432,738
Others 29,196 4,569 9,319 (172) (8,582) (703) 33,627
Construction in
progress 2,372,438 8,181,655 (8,589,042) (537) -72,011 2,036,525
￦ 22,542,259 ￦ 8,340,645 - ￦ (79,623) ￦ (1,959,461) ￦ (144,893) ￦ 28,698,927
(*) Others include the effect of foreign exchange differences, transfers from or to other accounts and acquisitions due to business combination.
The changes in PP&E for the year ended December 31, 2014 are as follows:
In millions of Korean Won
Description
Beginning
of the year Acquisitions
Transfers
within PP&E Disposals Depreciation Others (*)
End of
the year
Land ￦ 5,770,486 ￦ 16,234 ￦ 18,404 ￦ (150) - ￦ (3,796) ￦ 5,801,178
Buildings 4,695,460 11,752 889,295 (517) (219,615) (138,883) 5,237,492
Structures 588,690 13,825 91,233 (3,665) (54,307) (38,337) 597,439
Machinery and
equipment 6,021,766 12,398 1,113,839 (31,876) (796,113) (113,677) 6,206,337
Vehicles 149,832 38,323 91,388 (26,172) (36,229) (56,563) 160,579
Dies, molds
and tools 1,429,156 12,565 865,295 (4,879) (559,748) (30,941) 1,711,448
Office equipment 362,269 54,447 161,101 (1,234) (158,224) 7,793 426,152
Others 30,636 5,996 1,038 (187) (8,436) 149 29,196
Construction in
progress 2,414,292 3,177,138 (3,231,593) (820) -13,421 2,372,438
￦ 21,462,587 ￦ 3,342,678 -￦ (69,500) ￦ (1,832,672) ￦ (360,834) ￦ 22,542,259
(*) Others include the effect of foreign exchange differences and transfers from or to other accounts.
8. NON-CURRENT ASSETS CLASSIFIED AS HELD FOR SALE:
Non-current assets classified as held for sale as of December 31, 2015 and 2014 consist of the following:
In millions of Korean Won
Description December 31, 2015 December 31, 2014
Vehicles
￦ 47,643 ￦ 47,643
The Group recognized a gain (other income) and a loss (other expenses) on disposals of non-current assets classified as held for
sale for the years ended December 31, 2015 and 2014.
The Group has committed to a plan to sell vehicles that were classified as held for sale as of December 31, 2015 and has initiated
active programs to complete the plan. The assets will be disposed within 12 months. No impairment loss on the non-current as-
sets classified as held for sale is recognized for the year ended December 31, 2015.
9. PROPERTY, PLANT AND EQUIPMENT:
(1) Property, plant and equipment (“PP&E”) as of December 31, 2015 and 2014 consist of the following:
In millions of Korean Won
Description
December 31, 2015 December 31, 2014
Acquisition
cost
Accumulated
depreciation(*) Book value
Acquisition
cost
Accumulated
depreciation(*) Book value
Land ￦ 11,774,629 - ￦ 11,774,629 ￦ 5,801,178 -￦ 5,801,178
Buildings 7,918,086 (2,422,810) 5,495,276 7,443,871 (2,206,379) 5,237,492
Structures 1,119,659 (506,911) 612,748 1,066,962 (469,523) 597,439
Machinery and equipment 13,659,985 (7,509,401) 6,150,584 13,019,812 (6,813,475) 6,206,337
Vehicles 300,753 (126,510) 174,243 283,659 (123,080) 160,579
Dies, molds and tools 7,423,039 (5,434,482) 1,988,557 6,689,376 (4,977,928) 1,711,448
Office equipment 1,466,130 (1,033,392) 432,738 1,484,990 (1,058,838) 426,152
Others 71,880 (38,253) 33,627 57,986 (28,790) 29,196
Construction in progress 2,036,525 -2,036,525 2,372,438 -2,372,438
￦ 45,770,686 ￦ (17,071,759) ￦ 28,698,927 ￦ 38,220,272 ￦ (15,678,013) ￦ 22,542,259
(*) Accumulated impairment is included.