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HYUNDAI MOTOR COMPANY Annual Report 2015
136 137
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014
14. OPERATING LEASE ASSETS:
(1) Operating lease assets 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 ￦ 20,483,754 ￦ 15,136,720
Accumulated depreciation (2,692,378) (1,804,291)
Accumulated impairment loss (71,770) (66,813)
￦ 17,719,606 ￦ 13,265,616
(2) Future minimum lease receipts related to operating lease assets as of December 31, 2015 and 2014 are as follows:
In millions of Korean Won
Description December 31, 2015 December 31, 2014
Not later than one year ￦ 3,097,758 ￦ 2,474,411
Later than one year and not later than five years 3,636,986 2,674,220
Later than five years 2-
￦ 6,734,746 ￦ 5,148,631
15. BORROWINGS AND DEBENTURES:
(1) Short-term borrowings as of December 31, 2015 and 2014 consist of the following:
In millions of Korean Won
Description Lender
Annual
interest rate
December 31, 2015 December 31, 2014December 31, 2015
Overdrafts Citi Bank and others 0.10~3.37% ￦ 74,365 ￦ 189,121
General loans Kookmin Bank and others 0.56~7.46% 3,685,555 3,274,955
Loans on trade
receivables collateral Woori Bank and others LIBOR+0.20~0.40% 1,320,446 1,100,610
Banker’s Usance Kookmin Bank and others LIBOR+0.31~0.40% 400,341 433,510
Short-term debentures 1.80~2.04% 439,557 19,997
Commercial paper Shinhan Bank and others 0.47~2.08% 3,463,901 1,827,727
￦ 9,384,165 ￦ 6,845,920
(2) Long-term debt as of December 31, 2015 and 2014 consists of the following:
In millions of Korean Won
Description Lender
Annual
interest rate
December 31, 2015 December 31, 2014December 31, 2015
General loans Shinhan Bank
and others 0.10~7.46% ￦ 4,553,924 ￦ 3,283,340
Facility loan Korea Development
Bank and others 1.00~5.85% 347,066 383,072
Commercial paper Hana Daetoo
Security -73,000
Asset-backed securities JP Morgan
and others 0.55~1.53% 7,055,970 5,607,169
Others Shinhan Bank 2.56% 15,000 239,260
11,971,960 9,585,841
Less:
present value discounts 113,844 125,375
Less: current maturities 3,305,494 2,030,037
￦ 8,552,622 ￦ 7,430,429
(3) Debentures as of December 31, 2015 and 2014 consist of the following:
In millions of Korean Won
Description
Latest
maturity date
Annual
interest rate
December 31, 2015 December 31, 2014December 31, 2015
Guaranteed public
debentures June 8, 2017 3.75~4.00% ￦ 1,172,000 ￦ 1,648,312
Guaranteed private
debentures -82,440
Non-guaranteed public
debentures December 22, 2023 0.00~6.53% 22,954,336 21,247,129
Non-guaranteed private
debentures October 30, 2020 1.45~4.65 6,561,168 4,079,019
Asset-backed securities July 15, 2022 0.38~3.32 13,093,193 10,976,262
43,780,697 38,033,162
Less:
discount on debentures 90,638 81,616
Less: current maturities 7,482,555 7,649,461
￦ 36,207,504 ￦ 30,302,085