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HYUNDAI MOTOR COMPANY Annual Report 2015
148 149
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014
21. CAPITAL SURPLUS:
Capital surplus as of December 31, 2015 and 2014 consists of the following:
In millions of Korean Won
Description December 31, 2015 December 31, 2014
Stock paid-in capital in excess of par value ￦ 3,321,334 ￦ 3,321,334
Others 199,061 813,216
￦ 3,520,395 ￦ 4,134,550
22. OTHER CAPITAL ITEMS:
Other capital items consist of treasury stocks purchased for the stabilization of stock price. Number of treasury stocks as of De-
cember 31, 2015 and 2014 are as follows:
Number of shares
Description December 31, 2015 December 31, 2014
Common stock 13,209,474 11,632,277
1st preferred stock 2,202,059 1,993,081
2nd preferred stock 1,376,138 1,053,727
3rd preferred stock 24,782 5,660
23. ACCUMULATED OTHER COMPREHENSIVE LOSS:
Accumulated other comprehensive loss as of December 31, 2015 and 2014 consists of the following:
In millions of Korean Won
Description December 31, 2015 December 31, 2014
Gain on valuation of AFS financial assets ￦ 784,129 ￦ 670,781
Loss on valuation of AFS financial assets (339,984) (163,791)
Gain on valuation of cash flow hedge derivatives 2,540 15
Loss on valuation of cash flow hedge derivatives (33,543) (30,378)
Gain on share of the other comprehensive income
of equity-accounted investees 245,806 148,672
Loss on share of the other comprehensive income
of equity-accounted investees (505,373) (395,272)
Loss on foreign operations translation, net (1,585,396) (1,574,853)
￦ (1,431,821) ￦ (1,344,826)
24. RETAINED EARNINGS AND DIVIDENDS:
(1) Retained earnings as of December 31, 2015 and 2014 consist of the following:
In millions of Korean Won
Description December 31, 2015 December 31, 2014
Legal reserve (*) ￦ 610,380 ￦ 528,648
Discretionary reserve 39,550,647 35,826,647
Unappropriated 19,874,061 18,294,568
￦ 60,035,088 ￦ 54,649,863
(*) The Commercial Code of the Republic of Korea requires the Company to appropriate as a legal reserve, a minimum of 10% of annual cash dividends declared, until such
reserve equals 50% of its capital stock issued. The reserve is not available for the payment of cash dividends, but may be transferred to capital stock or used to reduce
accumulated deficit, if any.
Appraisal gains, amounting to ￦ 1,852,871 million, derived from asset revaluation by the Asset Revaluation Law of Korea are in-
cluded in retained earnings. It may be only transferred to capital stock or used to reduce accumulated deficit, if any.
(2) The computation of the interim dividends for the year ended December 31, 2015 is as follows:
In millions of Korean Won, except per share amounts
Description
Common
stock
1st Preferred
stock
2nd Preferred
stock
3rd Preferred
stock
Par value per share ￦ 5,000 ￦ 5,000 ￦ 5,000 ￦ 5,000
Number of shares issued 220,276,479 25,109,982 37,613,865 2,478,299
Treasury stocks (13,209,474) (2,202,059) (1,376,138) (24,782)
Shares, net of treasury stocks 207,067,005 22,907,923 36,237,727 2,453,517
Dividends per share ￦ 1,000 ￦ 1,000 ￦ 1,000 ￦ 1,000
Dividend rate 20% 20% 20% 20%
Dividends declared 207,067 22,908 36,238 2,453