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HYUNDAI MOTOR COMPANY Annual Report 2015
166 167
36. RELATED-PARTY TRANSACTIONS:
The transactions and balances of receivables and payables within the Group are wholly eliminated in the preparation of the con-
solidated financial statements of the Group.
(1) For the year ended December 31, 2015, significant transactions arising from operations between the Group and re-
lated parties or affiliates by the Monopoly Regulation and Fair Trade Act of the Republic of Korea (“the Act”) are as
follows:
In millions of Korean Won
Description
Sales/proceeds Purchases/expenses
Sales Others Purchases Others
Entity with significant
influence over the Company
Hyundai MOBIS Co., Ltd. ￦ 873,125 ￦ 8,078 ￦ 4,727,243 ￦ 51,413
Mobis Alabama, LLC 25,006 5,002 1,310,017 2,409
Mobis Automotive Czech s.r.o. 36 449 1,327,874 7,717
Mobis India, Ltd. 39,745 2,153 917,674 1,436
Mobis Parts America, LLC 32,070 6,654 648,333 1,844
Mobis Parts Europe N.V. 7,711 4,988 272,042 11
Mobis Brasil Fabricacao De
Auto Pecas Ltda 3,111 -254,439 -
Mobis Module CIS, LLC 318 300 177,229 19
Others 60,623 46,699 701,184 22,356
Joint ventures
and associates
Kia Motors Corporation 981,481 609,397 150,072 339,034
Kia Motors Manufacturing
Georgia, Inc. 676,338 1,366 2,684,112 6,318
Kia Motors Russia LLC 792,016 - - 1
Kia Motors Slovakia s.r.o. 119,380 20,281 753,421 231
BHMC 1,173,068 64,294 989 -
HMGC 187,526 51,868 3,010
Hyundai WIA Corporation 262,162 1,038 1,037,650 541
Hyundai HYSCO Co., Ltd. 8,372 770 6,855 -
Others 543,687 38,125 2,772,084 1,913,271
Other related parties 2,543 1,519 - -
Affiliates by the Act 1,013,786 70,048 5,065,433 1,748,507
For the year ended December 31, 2014, significant transactions arising from operations between the Group and related parties or
affiliates by the Act are as follows:
In millions of Korean Won
Description
Sales/proceeds Purchases/expenses
Sales Others Purchases Others
Entity with significant
influence over the Company
Hyundai MOBIS Co., Ltd. ￦ 855,186 ￦ 9,962 ￦ 4,834,975 ￦ 39,486
Mobis Alabama, LLC 21,484 16,792 1,321,444 23,419
Mobis Automotive Czech s.r.o. 48 438 1,177,753 578
Mobis India, Ltd. 18,040 17,402 746,382 650
Mobis Parts America, LLC 25,720 5,561 529,788 1,616
Mobis Parts Europe N.V. 4,628 1,889 244,800 -
Mobis Brasil Fabricacao De
Auto Pecas Ltda 2,561 -307,535 -
Mobis Module CIS, LLC -448 216,528 28
Others 20,272 731 445,031 17,424
Joint ventures
and associates
Kia Motors Corporation 941,875 476,662 154,410 224,568
Kia Motors Manufacturing
Georgia, Inc. 637,885 1,609 2,419,402 943
Kia Motors Russia LLC 885,546 156 -4,714
Kia Motors Slovakia s.r.o. 120,347 19,896 576,617 655
BHMC 956,691 44,452 404 -
HMGC 368,616 146 2,389 6,193
Hyundai WIA Corporation 200,301 520 856,907 14,985
Hyundai HYSCO Co., Ltd. 12,528 1,804 13,912 15
Others 456,964 35,133 2,870,138 1,803,768
Other related parties 3,073 6,258 408,969 454,203
Affiliates by the Act 780,543 69,118 4,756,881 1,380,518
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014