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HYUNDAI MOTOR COMPANY Annual Report 2015
142 143
Fair value measurements of financial instruments by fair value hierarchy levels as of December 31, 2015 are as follows:
In millions of Korean Won
Description
December 31, 2015
Level 1 Level 2 Level 3 Total
Financial assets:
Financial assets at FVTPL ￦ 90,363 ￦ 10,044,865 -￦ 10,135,228
Derivatives designated as
hedging instruments -220,824 -220,824
AFS financial assets 2,202,249 171,011 232,557 2,605,817
￦ 2,292,612 ￦ 10,436,700 ￦ 232,557 ￦ 12,961,869
Financial liabilities:
Financial liabilities at FVTPL -￦ 37,448 -￦ 37,448
Derivatives designated as
hedging instruments -161,290 -161,290
-￦ 198,738 -￦ 198,738
Fair value measurements of financial instruments by fair value hierarchy levels as of December 31, 2014 are as follows:
In millions of Korean Won
Description
December 31, 2014
Level 1 Level 2 Level 3 Total
Financial assets:
Financial assets at FVTPL ￦ 106,293 ￦ 14,751,430 -￦ 14,857,723
Derivatives designated as
hedging instruments -39,002 -39,002
AFS financial assets 1,877,566 141,017 247,483 2,266,066
￦ 1,983,859 ￦ 14,931,449 ￦ 247,483 ￦ 17,162,791
Financial liabilities:
Financial liabilities at FVTPL -￦ 10,331 -￦ 10,331
Derivatives designated as
hedging instruments -414,029 -414,029
-￦ 424,360 -￦ 424,360
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014
The changes in financial instruments classified as Level 3 for the year ended December 31, 2015 are as follows:
In millions of Korean Won
Description
Beginning
of the year Purchases Disposals Valuation Transfers
End of
the year
AFS financial assets ￦ 247,483 ￦ 5,840 ￦ (17,929) ￦ (2,837) -￦ 232,557
The changes in financial instruments classified as Level 3 for the year ended December 31, 2014 are as follows:
In millions of Korean Won
Description
Beginning
of the year Purchases Disposals Valuation Transfers
End of
the year
AFS financial assets ￦ 229,342 ￦ 12,547 ￦ (183) ￦ (9,428) ￦ 15,205 ￦ 247,483
(4) Interest income, dividend income and interest expenses by categories of financial instruments for the years ended
December 31, 2015 and 2014 consist of the following:
In millions of Korean Won
Description
2015 2014
Interest
income
Dividend
income
Interest
expenses
Interest
income
Dividend
income
Interest
expenses
Non-financial services:
Loans and receivables ￦ 184,248 - - ￦ 235,429 - -
Financial assets at FVTPL 305,580 - - 415,673 - -
AFS financial assets 1,048 13,783 -1,321 29,860 -
Financial liabilities
carried at amortized cost - - 193,689 - - 198,501
￦ 490,876 ￦ 13,783 ￦ 193,689 ￦ 652,423 ￦ 29,860 ￦ 198,501
Financial services:
Loans and receivables ￦ 2,423,534 - - ￦ 2,467,008 - -
Financial assets at FVTPL 27,197 1,370 -28,807 - -
AFS financial assets 1,202 5,533 -1,197 - -
Financial liabilities
carried at amortized cost - - 1,301,618 - - 1,340,995
￦ 2,451,933 ￦ 6,903 ￦ 1,301,618 ￦ 2,497,012 -￦ 1,340,995