2012 hmc ar final
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HYunDAI MotoR CoMpAnY
ANNUAl rEport 2012
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ANNUAL REPORT 201201 HYUNDAI MOTOR COMPANY AND SUBSIDIARIES
prologue 03Financial HigHligHts & Business HigHligHts
Message FROM tHe ceO
Hyundai MOtOR gROup
HistORy 16
06
10
14
Blue WAVes IN HYuNDAI 20Best value
HigH peRFORMance engine
Best-selling caRs
22
24
26
caRs lOved By tHe WOlRd 28
state-OF-tHe-aRt tecHnOlOgies 30
cOncept caRs 32
gReen autOMOtive tecHnOlOgies 34
Blue WAVes IN tHe WorlD 38HigH Quality & seRvice
R&d netWORks
glOBal sales
40
42
45
glOBal pROductiOn systeM 46
WORldWide netWORk 48
glOBal MaRketing 52
cORpORate sOcial RespOnsiBility pROgRaMs 58
cORpORate gOveRnance and BOaRd OF diRectORs
Financial stateMents
64
67
pROduct lineup 144
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BLUE WAVES, A NEW BEgiNNiNg
ch roo,
orom ror mo,
h h m of or omr.
M h b r
h orro of H bf.
nw h hr rmo
h o w ob.
th frh r w h
H rr
r or o h fr.
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ThE MoST BELoVEd AUTo BrANdHyundai Motor Companys brand direction Modern Premium is all about providing new values and experiences to even more customers
through ways that are unique to the brand and which go beyond what customers expect. Hyundais brand slogan New Thinking. New
Possibilities. reflects the will of Hyundai Motor Company to move forward in its effort to create t he Modern Premium values and
experiences through innovative thinking. The live brilliant global campaign embodying the brand direction features moving stories about
peoples life experiences shared with Hyundai cars. Hyundai Motor Company will continue to strive to make the brand the most trusted
and loved by customers worldwide.
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4,410thand84,469,721
gloBAl
p lANtoperAtIoN
US
Korea
India
Turkey
China
RussiaCzech
Brazil
2008
2009
2010
2010
2011
2012
77,797
,895
84,469
,721
66,985
,271
112,58
9,67
9
91,463
,064
79,736
,351
K-GAAP
K-IFRS
sAles
reV
eN
u e
400
25
,000
,000
20
,000,0
00
75,0
00,0
00
60,0
00,0
00
100,00
0,0
00
80,00
0,0
00
600
800
1,0
00
200
2786
225
303
856
361
641
1,911
FY 2012 sAles reVeNue totAl
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ANNUAL REPORT 201210 11messAge From tHe Ceo
In 2012, Hyundai Motor Company maintained growth and development
despite an extremely competitive market environment,
selling 4.41 million vehicles worldwide, an 8.6% increase
from the previous year.
We Will FORtiFy OuR pOsitiOn
as a glOBal leadeR
tHROugH Quality-dRiven BRand innOvatiOn.
chrm ceO
CHuNg, moNg-Koo
M 2013
i 2013, h om or mr rom r x o rm h
o h ff of h oo ero b r ob ro. a r, omo
mo omr x o f xo. Howr, H Moor h hor-
how omb r of h o o orom hrh r
br rform. lw, w w orom h x 2013 b rh
r b h w o q rowh b o om h
w r fr rowh.
to h , H Moor w fr formo r r of br oo b
o q. throho h r, q h w b h r hr of H Moor
hooh of omr fr. W w o o r for h hh q o
o j f, b x omr xo o h h m f rr r
h H br.
H Moor w x r h ch mr, mr h x o
o o row. Moror, w ffor o b q ob ro o b
for mr h Br, whr h om r r rowh.
H Moor w h or br m, whh w r o mro rofb,
r ro h w ow h rowor for o-rm q rowh.
W w oo rrh om r h o-fr h
o r hoo om of or ob rh. W w o r
m mom o r fr rowh .
immo of ob, or, ro-fo ommo ooro -
m ro h oro w b r o ro mor o h mr
oo h r. Moror, w w rfor o ooro bw
roo romo br ommo oboro wh rr ff-
, r r r.
F, of h ff m, H Moor w o o r for h rr
ro romo m rowh wh rr om. i w ff ro-
b mo oror b rh o o h mo r of o
hroh r o orbo .
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ANNUAL REPORT 201212 13messAge From tHe Ceo
Although the worldwide recession in the automotive market is
expected to continue in 2013, Hyundai Motors goal is
to outdo our impressive performance last year by strengthening
competitiveness through quality-driven brand innovation.
pr ceO
Chn H Ki
M 2013
dr hoorb hrhor,
Wh o h for h worw ro, 2012 w ff
r for of hom bro. a r of h f
r, r ero o o owwr r, h
rowh momm mr mr w frhr m. For
h fr m 2008, h kor om mr ror -
rowh, r b r hoho b
omo.
nrh, H Moor o o row r, 4.41
mo or 120,000 mor h 4.29 mo b
r. i r Br, r roo b
mjor mr ro h wor, b oro hr
ch , bh m o ro o mo -
h ch.
th rmrb rform b rb o h f -
or orm of or hrhor. th r, H Mo-
or w o or b o r hrhor wh br r-
form.
pro r rm for h omo r h r. i wh
h oo f r, r ero r x o h
h ow 2007, mr mr h ch
i, J amr omr r x
hr m, r fr omo. Moror, h ro
of h kor wo roo o m romo h
om of o r worw r mor m o b
o h r-row of or for mm.
d h m ff x h r, H Moor w
o o fo o rh om r
q rowh hroh br oo b o q. to h
, H w r h foow r:
Fr, H Moor w r orom for xh
r r from h ro of h kor wo. sr
w b o hroh ro r om b
oo o m or b orfoo b j
xo o or mr.
i o, H Moor w rh or om, or-
f r boh mr mr. i h
u s, whh b o how om of oom r-
or, H w h omr r o o rw
omr o h br. Moror, w w boo Br
ch, whr hr r w wh rr , w
w rfor of xr r h M e R.
H Moor w o romo of om r, whh rm
omr for oom owr. W w o romo
of h om worw br, a er,
h -r (10, 20, 30), whh r r or mo.
i orr o r fr rowh, H Moor w r -
m rrh om h f of o-fr r
ro oro. W w o fo o rr o o-
o b hoo om. throh h mr,
H Moor x o h or 4.66 mo r
orb o h o oom, h foo for mo-
m xo rowh wh r r om.
a ob omo r h forfro of w hoo
r, H Moor w o wh h qo. W w
o o r h o mro or, o orform
or.
i for or o r H Moor h r r
o h w w o or b o mxm hrhor rwr
o for or or.
th o.
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ANNUAL REPORT 201214 15HYuNDAI motor group
Hyundai MOtOR gROupManageMent cOncept
Hyundai MOtOR gROupMain aFFiliate cOMpanies
hyuna Mt gups Belefs an Passn
H Moor gro h o h of b ho r h r
h ow from h om for. a h, h Mm co, whh
rf h om fr-or h ro of oo, r o br
ro ohr h m of w hor. B hr mm hooh, o,
or wh ro o, H rom o r or r.
hyuna, realn te deams f humanty
th mm hooh wh or mm h ro forH x. H r mm hooh of r h rm of
hm b r w fr hroh oo h w fror
orr o bom r om h r worw orb o o.
Fve Ce Values, te dNA Tat Wll Ensue hyunas Cntnue Leenay Success
th or r h dna of hr h oro h mo of
H Moor gro. th r o or xro of h r h h gro
o for br fr. th or omr, h, oboro, o,
obw r h gro o h o wh mor o b for
oror r bf ob om.
New Vsn f te Futue: Lfetme Patne n Autmbles an Beyn
H Moor gro bh w o, tohr for br fr, orr o ff
ro rob r ob frm. H Moor com f o of
b lfm rr omob bo o om o or o omr
bom hr bo br. th r o or m m of roro h
o o o; h bom f h o r ro o . a h,
H o bom fm rr h r of omr. a h r
mom, H o o-fr hm-or hoo for h fr
om ob mm m orr o ro h b xr o
omr.
CUSToMEr FirST
W romo omr-r oror r b ro h b q mb
r wh or ffor m h fo of or omr.
ChALLENgiNg PErForMANCE
W rf o b om, mbr r oor for rr h, r of
h or o wh wr o .
CoMMUNiCATioN ANd CooPErATioN
W r r hoh of ohr h for b m ommo
ooro wh h om wh or b rr.
rESPECT For TALENT
W b h h fr of or oro h hr b of
mmbr, w h hm o hr o b r oror r h r
.
gLoBAL oriENTATioN
W r h r of r om, r o b h wor b wh w o,
r o bom r ob oror .
oThEr
FiNANCE
CoNSTrUCTioN
STEEL
AUToMoBiLE
PArTS
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ANNUAL REPORT 201216 17HIstorY
2000~2005
1990~1996
1997~1999
2000~2001
2002~2003
2004~2005
1967~1989
WitH passiOn and unyielding spiRit,
Hyundai MOtOR cOMpany OF tOday caMe tO Be.
WitH aMazing and gROundBReaking
innOvatiOns, Hyundai MOtOR cOMpany OF
tOMORROW Will cOMe tO Be.
1990lh of er, so
1991R of h fr kor-o ah
dom of r r; h of gor
1992dom of Hcd-i, kor fr o r
1993lh of so ii; om of o r Hcd-ii
1994H x 1 mo roo;
h of a
dom of or-owr hro f
h
1995lh of a; om of o r
Hcd-iii
1996H x 10 mo m
roo ( mo omb)
como of nm th Rrh cr
lh of d, tbro
HIgH perFormANCe eNgINe
DeVelopmeNt
th om of wor- hh rform
h ah (1991), eo (1997), v6 d
(1998), . mor h r row
of H Moor com o h wor.
1997como of tr ;
om eo
1998aqo of k Moor; omo of i
lh of grr Xg, eF so; om
of 2 or-owr h
i om of wor-
hh rform v6 d
1999dom of kor fr omo f br
lh of r-r eq, vr, trj Xg
2000dom of kor fr r
r ommr
dom of kor fr f h
lh of s F, a Xd
iororo kor fr omo ro
Off oor of ero 2000 Foob chmoh
2001lh of or o t, trr, l
s F no. 1 u.s. omr
fo r
HMa r J.d. powr r wr
u of kor fr f -owr s F
u of o r Hcd-vi
2002lh of ch-ro er mo
so no. 1 b J.d. powr
rform, r, rrh
como of cfor d & th cr
2003H x 1 mo usd 10 bo
xor
como of ero th cr
H h fr o r no. 1 kor ir
comr sfo for h 10h o r
H h fr h omo r o
off rom gob erom Mm
er (a) x 2 mo roo;
so x 2.5 mo roo
como of u.s. d cr ro
br of ro ro
dom of wor fr r hh rr
hro or m for f h
expANDINg gloBAl NetWorK
H h b x ob wor
hroh h h of h cfor d &
th Rrh cr (2002) h ero
th Rrh cr (2003) w h
u.s. th cr mfr
abm (2005).
lAuNCHINg plANts INturKeY AND INDIA
H h tr, r
oo o ero, afr, h M
e i, whh r r
of roo .
2004H br o ror b x
10 mo xor
ebhm of jo r for
ommr h ch
dom of 2 ro to
f h
pr Mo-koo ch m B ceO of
2004 b B W
2005c i B cr of 2005
como of u.s. ro ro, th
cr abm
u of h nw grr, Hed-1 h
g Moor show
H h Off prr of FiFa
from 2007 o 2014
H x 1 mo xor o
afr h M e
pr Mo-koo ch m B ceO
h omo or b aomo
H r 100 B gob Br
como of o-fr vh R cr
HYuNDAI poNY -tHe FIrst pAsseNger CArDeVelopeD IN KoreA
do r kor for h fr m
h 1976, po h h ro
of kor omo r.
1967 iororo of H Moor com
1968 M roo of cor
1976 lh of H po, h fr kor r r
1983 iororo of h c br HMc
1984 lh of ex
1985iororo of h u.s. br HMa
1986lh of grr, H r- xr r;
fr xor of ex o h u.s.
1987B of ex u.s. om r or for
h 3r o r
1988 lh of so, H m- xr
1989ex x 1 mo or xor
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ANNUAL REPORT 201218 19HIstorY
2009M oor of u.s. sr Bow
u of 20 3-oor o r x-o
h g Moor show
g wr norh amr cr of h yr
H b omo om
ch wrr r fo r
H x 1 mo m
xor o afr
H r no. 1 h r br or
b J.d. powr 2009 w r q r; er
(a) r no. 1 h m- r or;
g r no. 1 h w mo or
u of x-Mro x35 h Frfr
Moor show
H rh 69h ob br
bh b B W
como of ch wh roo
of 300,000
Fr of o, x-
ro hh rform th gd
t mo Wr ao 10 B
e for 2 o r r
2009 kor thoo awr pr pr
2011iroo of B l h 2011 comr
ero show (ces) u.s.
Wor rmr of Hcd-Xii crb o h
h dro iro ao show
Wor b of vor h nor h amr
iro ao show
Off om of H w br
ro o nw th. nw pob.
h norh amr iro ao show
lh of 5h r o ar (gr r)
lh of ro o h R HMMR
s prbr
s of o bom h fr off r
rr of h iro cr co (icc)
from 2011 o 2015
Wor rmr of 40 wo
x20 wr hh f-r ero nca p r
lh of oro of Br prb
u of d-m 40 h
Bro Moor show
H b of g pr
H x 5 mo m
ero
H r 11h mo ir br 50 B
gob gr Br
Wor b of eOn b i b r HMil
40 wr 2011 erocrBo go awr
H x 2 mo m
xor o cr soh amr
u of g co
H r no. 1 aoB Q ror
for 2 o r
er wr norh amr cr of h yr
gmm mo Wr ao 10
B e u.s.
2010u of hbr o r Hed-vii h
g Moor show
H no. 1 a br omr
r fo no. 1 rb for 3r
o r b J.d. powr
Wor rmr of so Hbr h n w yor
Moor show
g to (x35) f r
b u.s. iiHs no. 1 u.s. omr fo
so x 5 mo m
Off oor of h 2010 soh afr Wor c
pr Mo-koo ch o ceO
a h omo r
Wor rmr of o-fr r r BO
como of R
Wor rmr of m m x20 h p r
Moor show
db of h -o nt
gd , RWd 8- om rmo
Off r oor of g20 smm
dom of kor fr cng hbr b B c
t mo Wr ao 10 B
e u.s. for 3r o r
H x 500,000 u.s.
dom of hro f h to x
2009
2010
2011
2012 lh of nw s F, 40 soo,
vor trbo
s F wr Fr pr b nw cr sf
eo Bor of kor
lh of mfr Br
Wor rmr of cuv HB20X
s F o - r r
56.8% h u.s.
to x f mo r o dmr
Hro f r xor o norw
so Hbr o u.s. omr fo
r
pr Mo-koo ch m 2011 to
Mr h Wor b h hor i
r m, irow
Wor rmr of h r o r -oq
h g Moor show
H h mo f ff
cOm br b h erom
proo a of h u.s.
so 2012 to p h mm-
r m b comr Ror m
ar (grr) o r
rr fr hr r of owrh h
F s sm b alg
sor (a) wr B nw cr
2012 B sm cr 2012 wr R
H h br m
g o J.d. powr vh db
s (vds) h rmm r m h u.s.
er (a) wr norh amr cr of
h yr
H r no.1 J.d. powr comr
Ro awr
2012
2006H Moor gro x kW 1 ro
H Moor gro h o ch
omo br
lh of oro of 2 H Bj
H r no. 1 h r br or
of J.d. powr i Q s (iQs) x
H Moor gro rh 6h worw
o roo
H x 1 mo m
xor o cr soh amr
i om of wor- v6
s-u of o r Ho, arj, g, t
H mo 100 B gob Br
for 2 o r
2007vr wr B cr of h yr b h i
o m Orr
u of o r Hed-iv (QrmQ),
Hnd-iii (vor)
ar (grr) r no. 1 J.d. powr omr
fo r for 2 o r
H x 5 mo m
u.s.; omo of Br ckd
u of h 3r ro f o
r -B h Frfr Moor show
lh of h x-ro om r 10 b
H Moor i lm (HMil)
30 ar B cr of h yr
lh of kor fr ob csR wb
H wr pr M b kor
orm for rom mm
2008lh of g, g co, 30w
H Bj br ror of 1 mo
m roo h hor m
Wor rmr of h o-fr o r
-Mo h g Moor show
como of h 2 Bj wh
roo of 3 mo
H h no. 1 no comr
sfo ix for 8h o r
dom of x-ro o-fr
r R-
t mo Wr ao 10 B
e u.s.
INtroDuCtIoN oF HYuNDAI motorCompANYs stAte-oF-tHe-ArtCoNCept CArs IN WorlD-ClAssmotor sHoWs
pro of o o r h
-B -Mo wh 3r-ro f
hoo.
2006~2007
2008
NeW BrAND slogAN oFHYuNDAI motor CompANY
nw br o, nw th. nw pob.
mbo h w ro rmo of
H Moor com.
lAuNCH oF BrAzIl FACtorY
From for o o m-mfr hr
mo mo ror m, H w
Br for h b h ob
r wh h r om r mo, HB20,
w h cr of h yr, Br wr.
DeVelopmeNt oF HYDrogeNFuel Cell CAr, tuCsoN i
H Moor com h om o-
m of h x ro o-fr F c
er vh (Fcev), to x. i hro
f m h wor- ff
rform, b wh mor h 90% of
om omo.
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ANNUAL REPORT 201220 21HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
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Best VAlue
BEST QUALiTiES ANd VALUES oNLY BY hYUNdAi MoTor CoMPANY
H br m h row from b q o ro mo fo.
i 2012, h H br h r of 53r (7h mo r om) mo h
o 100 ob br b irbr rf 24% r br from h ro r
($7,473 mo). c (eq) w wr h Mo vb cr of h to
v awr (sr vo) h g w h to p wr h m-
r m (comr Ror) ofrm h rmm of h H br. i o,
h w s F wo h alg R v awr ro h hh fo of
h q of H r. H q ombo of h b q w
o o h fr.
annual RepORt 201222 23Blue Waves in Hyundai
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ANNUAL REPORT 201224 HIgH perFormANCe eNgINe
Average Speed of 100m Sprint World
Record Holder: 10.43 metres/sec
Average Heart Rate of World Champion
Marathoner: 38 beats/min
TAU ENgiNE ANd gAMMA ENgiNE, LiSTEd iN 10 BEST ENgiNES iN ThE WorLd
BY WArdS AUToWorLd MAgAziNE
Hyundai Motor Company is already a leader in automotive engine technologies. Hyundais
Tau engine, primarily powering large-sized cars, has won a place in Wards 10 Best Engines
in the World for three consecutive years up to 2011. Hyundais 1.6 Gamma GDi engine also
earned a place for compact-sized cars in 2012. Hyundais comprehensive world-class portfolio
of large to small engines testifies to the engineering prowess of Hyundai Motor Company.
With passion for challenge, Hyundai will continue to develop innovative engine technologies
that will lead to the ultimate dream engine. Tau Engine
25Blue Waves in Hyundai
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ANNUAL REPORT 201226 27
Hyundai elantRa (avante) Racing tOWaRd
a MilliOn sales in 2013, and Hyundai sOnata,
tHe Best-selling custOMeR FavORite.
Best-sellINg CArs Blue Waves in Hyundai
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ANNUAL REPORT 201228 29
Best lOved caRs By Hyundai tHat Have tOucHed
tHe HeaRts OF custOMeRs WORldWide.
CArs loVeD BY tHe WolrD
tHe meANINg oF
tHe CoNsumer sAtIsFACtIoN AWArDs
eh r r, m w ff
r mo foo h ob omo mr.
a omr j w mo wh r
mor r rr. th wh h r-
o omo wr, whh rf h
jm of omr, h m.
th wr ro b formo
bo how mh h r ff h of
omr. i h rr, 2012 w r
rof r for H omr o-
w of H r m o h wh
mro wr.
tHe reAsoN WHY HYuNDAI HAs so mANY
CAr oF tHe YeAr AWArDs uNDer Its Belt
Mor prmm, H Moor com
br ro, r H ffor o
ro rmm o m omr
ob. to h h m of f h
of omr, H Moor com
r for r mor r r o
mb q. th o m H r
mo h wo h cr of h yr 2012 wr
from h r of or, h
u.s., ar, ch, Br m o
or ffor or w o mrh forwr wh
h Mor prmm .
Blue Waves in Hyundai
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ANNUAL REPORT 201230 stAte-oF-tHe-Art teCHNologIes
STATE-oF-ThE-ArT TEChNoLogiES For ThE BE ST driViNg ExPEriENCE
Lighter car frame created by incorporating new types of materials, best possible aerodynamic
drag coefficient attained by optimal shape, a safety system that protects the passengers
under all circumstances, eight-speed RWD auto transmission that maximizes driving perfor-
mance.... The list goes on, but there is one ultimate goal that drives the efforts put into devel-
oping the most cutting-edge technologies: to create the best driving experience ever. Hyundai
Motor Company will be the first to make this dream a reality through our continued efforts
and passion for innovative ideas and overcoming challenges.
Reduction in Aerodynamic
Drag Coefficient
Effective Body Temperature
Retention Limit: Approximately 40C
Average Weight of
a Single Feather: 0.56699g
Average Number of Feathers:
900~25,000 Pieces
31Blue Waves in Hyundai
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ANNUAL REPORT 201232 33
2006
2010
2009
2013
2008
2012
2007
2011
CoNCept CArs
HeD-7(ero) HND-6:B2(nm)
HCD-12:crb (u.s.) HND-7:Hx s (nm)
HeD-8: -oq (ero)
HCD-14:g (u.s.)HeD-2:genus (ero)
-B (J) HeD-5:-Mo (ero)HCD-10: Ho (u.s.)
HND-3:vor (nm) HCD-11:n (u.s.)
HeD-4: QrmrQ (ero) HND-5: x-Mro (nm)
HND-4:B-W (nm)
HeD-6:x-o (ero)
MEETiNg ThE CArS oF ThE FUTUrE TodAY
H o r r bor wh m rf hr brh: Hed for ero d cr, Hcd
for cfor d cr, Hnd for nm d cr. th o r oror ffr
ro hrr , b hr o ommo r hm o of wo m:
o-fr mr. a h r mom, ro o r b H r b how
ro moor how worw mor H fr hoo.
HND-9:v (nm)
Blue Waves in Hyundai
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ANNUAL REPORT 201234 35
Blue dRive, OuR stRategy FOR gReen tecHnOlOgy,
speaRHeads tHe develOpMent OF lOW-pOllutiOn,
HigHly Fuel-eFFicient caRs.
SoNATA hYBrid
The very first hybrid model by Hyundai that was mass
produced and exported overseas. High driving performance
with high fuel economy achieved by a dedicated hybrid
engine, six-speed auto transmission, parallel hybrid system,
and the worlds first use of lithium-ion polymer battery
with 4-way safety design.
TUCSoN hYdrogEN FUEL CELL VEhiCLEA car with a fuel economy of 102 km/ (Urban Dynamometer Driving
Schedule or UDDS), a driving distance of up to 635 km on a single
charge (UDDS), top speed of 160 km/h, and ignition-start capability
at -25C. Impro ved fuel economy achieved through 20 percent
reduction in overall volume.
BLUEoN ELECTriC VEhiCLES
Using lithium-ion polymer battery along with advanced electric
powertrain components, BlueOn EVs achieve a driving distance of
140 km per charge, top speed of 130 km/h, and zero-to-100 km/h
acceleration performance of 15.7 seconds. In addition, the high-
voltage components implemented with comprehensive safety design
features ensure safety and reliability at the same time.
AVANTE hYBrid
The car with the worlds first LPi hybrid system devel-
oped by Hyundai, combining impressive fuel economy
with high performance by alternating powertrain
depending on specific driving conditions. Released in
Korea in 2009, it led the market of eco-friendly cars.
eNHANCINg oVerAll eFFICIeNCY
H hr mho o h h f oom of w r:
(1) mxmo of f ff owrr, (2) mmo of h
o of r, (3) of r r or. som xm
h om of h dob-ch trmo (dct),
vor wh 5-6 r br f oom h h oo
om rmo mo, h coo vrb trmo
(cvt).
1 WeIgHt reDuCtIoN2H m hr r b w mr w roo
hq. R mr wh mm, h
rh, h of mm rbo fbr r j om of H
o mho of m hwh mr. ao, r h
h of -b omo b o 30 r, mm
hoow r rr, o M-Mr Mx r bo r
om xm of mro roo hq for wh ro.
meetINg VArIous Fuel eCoNomY regulAtIoNs
O w o o r hoo o oo r o m h
r mor r f oom rqrm b ffr
or. to h , H h b ro r wh rmrb
f oom. i 2011, o o h h of h w a, H
ro o h u.s. f ff mo h h er (a),
vor, so Hbr. i ero, H ow cOmo
mo r from om-o mm- -
20, 30, 40, mor H ommm o
rom.
3 utIlIzINg AlterNAtIVe Fuel sourCesH o r mo h r
of r f h bof. i Br norh amr,
whr hr rr of ho f or, h of
Fxb F vh (FFv) h boh ho o r o h
r. i ero whr r r rfrr, H r h
Bd5 f, mxr of oo wh 5 r bo-,
r romo. ao, i, whr comr nr g (cng)
r b, H h r r cng w
b-f mo, 10, h boh o lpg.
4
greeN AutomotIVe teCHNologIes
rEgU
LAT
ioNS
3.MEETiNg
diVEr
SEFUEL
ECoNoM
Y
4.U
TiLiz
iNgA
LTErNATiVE
1.E
Nh
AN
CiN
goVErALL
EFF
iCiEN
CY2.W
EighTr
EdUCT
ioN
Multi-M
aterialM
ixultr
a-lig
htb
od
ies
Recyc
led
En
ergyS
ourc
eandDu
ble-
clutch
Trans
mission
Bi-fuel/F
lexibleFu
elV
ehicles(FFV)
CleanDie
selm
odel
with
reducedCO
2
emis
sio
ns
FUELSo
UrCES
Blue Waves in Hyundai
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ANNUAL REPORT 201236 37
HYBrID CArs WItH superIor poWer AND
loWer Fuel CoNsumptIoN
Dvn f lpi and gain Hybid sy
s H fr hbr o r, Fgv-1,
1995, H h b o r
hbr h h c Hbr 2004
vr Hbr 2005. i 2009, a lp
Hbr, wh h wor fr lp hbr m,
w h h kor mr, oo
h so o hbr mo foow
w h h u.s. mr 2011.
th pr Hbr sm h hm-
o omr br fo h so
o hbr mo wr h fr of hr
how boh ror rform
hh f oom. th 2013 mo, wh 40 m
o hhw 36 m r, h
smbr 2010 o wh h xr-
qr from ro ro
r h r from so 1991.
th BO r h o 140 m o
hr h mxmm of
130 m/h ro-o-100 m/h roof 15.7 o. i o, h r r
ro kor, foo for
fr hoo om of r
h.
Dvin Na mid-id ecic Vhic
i ro o b h kor
orm r h o o of gr
tror sm b o nx gro
er cr, H h h wh
h o o r m- r
r b 2016, whh b r or 20 0 m o
Zero CO2emissions is a dream every car company should ultimately aspire
to fulfill, because our future depends on it. Hyundai has come a step closer
to this dream with the Blue Drive strategy which aims to improve the fuel
economy of mass production models and to develop a variety of new eco-
friendly models.
r wo mro wr, mor
hh omr fo.
p-in Hybid
th - hbr hoo o b m-
m o m- roo r from
2015 b owr of x ro
hbr h b m hm o
r owr o. th hf hrr
of h h b o r o b r
owr wh hr oh of f, b o
bow r , boh h r moor
oo r ohr.
From CoNCeptIoN to CommerCIAlIzAtIoN
Bon ecic Vhic
H b h BO r hPatcpatn n Eupean geen Pjects
From 2011, Hyundai ha been ariciaing in
ro ero ro rom roj-
, ro moro hro f
h o for norh ero or,
r o grm c er prr
h (cep) MOu o
h o h coh m or-
m dmr. i o, H w
b h e.u. h x ror
of hro f h for r
b ero prm commor
e.u. off, w o
hr, h ro-o-100 m/h -
ro 11.5 o, whh b f
hr wh f hor hr
h 23 m.
HYDrogeN Fuel Cell VeHICles -
ComBININg zero pollutANt emIssIoNs
AND gooD DrIVINg perFormANCe
ein h pibiiy f ma pdcin
and Dnain oain
Hro f h r mr o r
h h h m o hrmf b
whor. Howr, h ro hhr r-
rform. H h hro-
f hoo o suv h, whh
h bo 3.75 m br f oom
h o mo. i o, b o
h hq of m h h of -
o ro f , H h
ro h ob for o-ff m
roo b h f r
b xh. th to x hro f
h r o 635 m (udds) o o
hr, bo f ff of 30.2 m/
(udds) o of 160 m/h,
b r -25. From 2009 o 2011, 48 of
hm wr so h rro
mroo r for ro .
greeN AutomotIVe teCHNologIes
zero Co2emIssIoNs, HYuNDAIs DreAm
h ror of moro h wo
norhr ero or (dmr,
norw). thr-ro to x hro
f h wr o h dh
orm r rr b
r-wor rom. t r of
H h norhr ero
or wh hro f
frrr h r oo o
romo h om o-fr ho-
o o h ero mr o bh
fooho h ro hro f
h mr.
Hybid ca dvn and f an
1995 2000 2004 2005 2009 2011 2015
Fr Hevo ro
co Hevo
c Hev r
vr Hev r
er lp Hevm roo
so Hevm roo
M rooof - hbr
1 sa (1995~2004)
2nd sa (2005~09)
Ensuring mass production
technologies (test production)
Production system
constructed (key parts
produced in Korea)
3d sa (2010~)
Model diversification
(epansion of eports)
rada f dvn f hydn f c vhic
2000 2003 2004 2006 2007 2009~2010 2011 2012
pro
cfor
f
rrh
(s F f
h)
i
om
of f
hbr h
dom
moor
roj /
mo of
rorr
f
m
u.s. drm of er oro
(to f h)
i om of f b t rbo norhr
ero (4 or)
sm-
roo of
f h
1 sa (~2006)
2nd sa (2007~09)
Basic technology research
Prototype development
Initial small-scale application
Blue Waves in Hyundai
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ANNUAL REPORT 201240 41HIgH QuAlItY & serVICe
at tHe centRe OF OuR custOMeR FiRst pRinciple is
Hyundais devOtiOn tO Quality and seRvice
tHat cOnnects WitH peOple On an eMOtiOnal level.
The foremost contributor to the success of Hyundai Motor Company today
is its devotion to quality. In addition, it is Hyundais genuine attention to
detail and devotion to customer satisfaction that enabled Hyundai to grow
into a premium brand. We will continue to pass on our devotion to each and
every one of our customers by providing the best quality and services that
transcend expectations.
1.Hom-o-Hom or
2. awr rmo of h 9h H Moor Wor s Om
3. gob sr sor cr
4.Bfor sr h ro h omr
4
12
3
QuAlItY mANAgemeNt, tHe FIrst step IN
BeComINg tHe most DesIreD BrAND
th hooh of H Moor com
o offr h b q ob rom
o or omr. i orr o h rom,
H rm o bom h mo
r br b o oo roo of hh q m. W r o
o wh r q mr,
w o o r h b q
hroh om-w ffor for ro
f hm of h rmm f.
throh h oo o q, H Moor
com w mrh forwr o bom o of
h rmr om h wor.
mAxImIzINg Customer sAtIsFACtIoN
tHrougH speCIAl serVICes tHAt surpAss
expeCtAtIoNs
H Moor com oh h hr of
omr wh r r h o bo
hr xo hroh h om
-of-h-r ob r wor.
th Bfor sr rorm, ro h
r for h fr m b H Moor
com, r h f of H r b
ro fr o r o 4 mo
omr worw. ao, orr o mxm
h o of omr who wh o h
hr H r r, w h x
h Hom-o-Hom sr, whh ro- r r o omr
h m of hr ho for x r
o. ao, w h orh
h H comr cr cr (H.c.c.c.)
ro orr o ro o -
omr m br. a r of h, w
h r hh rr r
offr h r r o omr
who r r roo r r
ohr r oo-f r rorm.
oFFerINg HIgHest QuAlItY serVICes
tHrougH expert KNoWleDge AND
true DeVotIoN
H Moor com r o ro
fo o omr b r fr-
r ro -of-h-r
rmo h or r. i orr o
h h m b, h
mo b form of r, w or gob
sr sor cr (g.s.s.c.) h or
rf m wh rmo o
b for o ro of ff
robm. s 1995, h om h b ho b- m r om-
o mo or ob mh orr
o h hr , 2012, w h h
fr gob sr aor chmoh o
h h xr of or r or,
who r h forfro of omr ro.
ao, 2013, w r h -o wor-
ho omo h omrh
or m h r of
h ro o mxm omr r
or ff. a of h m-
fo of or comr Fr mm
r.
Blue Waves in tHe WORld
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ANNUAL REPORT 201242 43
4 5
3
3. v R dr smor
4.Hh mrr boror
5. coo
r&D NetWorKs
1 2
1. nm th Rrh cr
2. Mb erom thoo cr
tecHnical ReseaRcH and design centRes WitH
FiRst class talent and state-OF-tHe-aRt Facilities
tO develOp lOcally tailORed tecHnOlOgies
tO ensuRe FutuRe cOMpetitiveness.
One of the essential competitive assets of a global company is the ability
to capture the needs of the local customers as well as trends in the market
and incorporate them into products quickly. Hyundai Motor Companys
technical research and design centres are situated in strategic locations
worldwide. They contribute to attracting new customers by analyzing
future trends in the automotive industry, and develop car models tailoredto the needs of the specific regions. Hyundai does not spare resources
when it comes to developing new technologies that will, in the future, lead
to better automotive experiences by customers worldwide.
+10%
China tchnica rach Cn
th th Rrh cr o
Hj r Bj, ch, r h
th Rrh cr for h ch
mr, whh r mr h b
omo mr h wor. th rrh
r o o o hh q r -
or o o , b o rh h
or om of h H br
b o o-fr hoo.
Jaan tchnica rach Cn
lo yoohm, h J th
Rrh cr or o o
- ro hbr hoo.
e tchnica rach Cn
lo r Frfr, grm, h ero
th Rrh cr o
r of 33,058 qr mr hh-h
mfo b h r-
r for o q omob
w h m ero ro-
m ro.
India tchnica rach Cn
lo Hrb, i it , h i
th Rrh cr or h
rrh of omob
w h om of ro o
h o mr.
u.s. tchnica rach Cn
Wh hqrr a arbor, Mh,
th Rrh cr ro ro
cfor, h u.s. th Rrh cr
- h or o-
mo rrh om fo o
m amr r xo.
Invn ndin in r&D cad
vi ya (jcd)
(projected)
Anna r&D invn ndin
*u: kW 100 mo
hoo w h
f of rom r,
f, hm r for h ro
of o w fror for fr rowh.
mabk envinna
tchny Cn, Ka
th Mb erom thoo cr
yo c, go pro, h for-
wr h rrh of hoo h w
h o-fr omob r. proj
h om of x-ro
o-fr h, hro f
r, omo r hoo,
o-fr roo hoo.
teCHNICAl reseArCH CeNtres, tHe BAse CAmp For gloBAl leADersHIp
Nayan tchnica rach Cn, Ka
H nm th Rrh cr
Hwo c, go pro, wor-
r rrh omx q
wh r, r, owr-
r r, w f, oo
f, omrh ro
ro. Or 10,000 rrhr r wor
o o h wor b h rfor-
m, q, o-fr.
Ka Cna rach Ini
th kor cr Rrh i uw
c, go pro, fo o fm-
rrh - mr w
Blue Waves in tHe WORld
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annual RepORt 201244 45r&D NetWorKs gloBAl sAles
DesIgN CeNtres,
CreAtors oF gloBAl treNDs
Nayan Din Cn
Wh o o r, ror o
r, cave m, romr, ohr
- f, or 400 o
r r ob r h r
hroh h ror x ror ,
omr- mo,
roo of w oor for o H
h.
u.s. Din Cn
lo ir, cfor, h u.s. d
cr rw ro 33,058 qr mr
whr o r hr o wf
mr rfr r h
r o h of o omr.
e Din Cn
i oboro wh h ero th
Rrh cr Frfr, grm, h
r r ro h om
of h r o h
f of ero omr w
h om of q h.
proVINg grouNDs, eNsurINg strICt
testINg WItH CuttINg-eDge eQuIpmeNt
uan pvin gnd, Ka
th omrh ro ro u,
h fr of kor, h 19 r
hh r o r of 660,000
qr mr.
Nayan tchnica rach Cnpvin gnd, Ka
th nm th Rrh cr ro-
ro f of wor- wh
34 r, B, ow fro ro,
ro ro o 70 m
hh r r r or 1,650,000
qr mr r.
Caifnia pvin gnd, u.s.
th cfor ro ro 10 m h
of h nm f, rw or
17,520,740 qr mr wh mor h
116 m of r, o h Moh dr.
th r hh r h 10.4 m
o h- r, o whh r
b r of o 250 m/h.
i for ro hh rb
mxmm .
1.u.s. d cr
2.Mo- of h xror of o r
3.nm th Rrh cr ro ro
4. cfor ro ro, u.s.
2
1
3
4
A gloBAl sAles NetWorK reACHINg tHe Four CorNers oF tHe WorlD
H ro r ro rm wh wor- om o omr
200 or hroh om 6,000 r or ro roo b-
r. i o, b bh roo b h r r of h ro, H
r h o mr. H h b ro o h of h mr b o-
r roo f h mr mr of i ch (boh h hr for),
tr, h ch Rb, R. H w x ob mr r b o
o bh rh h om R&d, , roo wor.
4.41mo
OFFeRing MOdeRn pReMiuM
tO custOMeRs By stRengtHening
its sales netWORk.
Hyundai Motor Company strives to strengthen its global sales network in
addition to producing region-specific models. In order to expand the sales
of premium luxury cars such as Centennial (Equus) and Genesis, Hyundai
has opened showroom spaces in key commercial cities, including New York,
London, Beijing, and Moscow. Also, since 2009, Hyundai has been remodeling
dealer showrooms worldwide based on the new company design standard
and has implemented several education programs such as the Total Dealer
Education Program. To enhance customer experiences at every cont actpoint, Hyundai will continue the process of opening up more direct retail
shops and upgrading existing dealerships.
1.ero-f mo, x20
2.Br-f mo, HB20
3.i-f mo, eOn
12
3
Dic a
*u : 1,000 h
ova a
*u : 1,000 h
ta a
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ANNUAL REPORT 201246 47gloBAl proDuCtIoN sYstem
elevating custOMeR satisFactiOn
WitH caRs develOped
and pROduced tO Meet lOcal needs
Hyundai Motor Company is strategically establishing state-of-the-art
global production systems around the world to accurately understand and
swiftly reflect the lifestyles and preferences of local customers. This not
only enhances customer satisfaction, but also contributes to regional
development. Hyundais localization strategy of producing and supplying
high uality cars in physical proimity to the target market will continue
on into the future.
+8%1.a for
2.ch for
3.tr for
4.R for
3
1
4
2
b for x o mr o o
ero, b o h M e, ar,
soh afr.
tky Facy, Bid in
h ean mak
th tr for, whh x
roo from 100,000
o 200,000 , r ooh ero, afr, h M e.
throh o mfr of 20
w om mo o om, h o-
rb r o h xo of xor
h ro.
Bai Facy, h Nw sandad-ba
f h Baiian mak
th Br for, whh b m roo
smbr 2012 r from Oobr,
w r h om r
m of Br omo mr offr
innovaive yling, high erformance, and five
year of unlimied warrany. the facory
x mo offr from o hh-
back model in 2012 o a cro-over model in
February 2013, and a edan model in March.
such record ime exanion of new model
amr cr of h yr. afr rh h
300,000 hrho 2010, h abm
for 2011 r 1 mo
m roo for h so mo,
2012, roo ror
of 361,348 wh m roo
fr of 2 mo , ro r
ro H ob .
China Faci, oiid pdcin sy
pa f h Chin mak
i 2012, h ch for ror 856,000
roo , m ch
h b mr for H. crr, h
fr o for Bj ro
300,000 h, o wh h
row ch mr, J 2012,
hr for wh of
400,000 b oro, br h
o ch roo o 1 mo
h r r r frm foo-
ho for H o-rm xo o
h ch omo mr.
India Faci, Wd-ca Cn f h
pdcin and sa f Cac Ca
H i for r omrh
roo f h
h fo r from R&d o ,
mfr, of ro
o o . a o for w b
2008, r h o 600,000
. i h roo b for h
x or m- mo eOn,
10, h 20 r h ero
mr, whh r xor o 120 orro h wor. throh r of
rorm m r H r
i h oor h iro
cr co (icc) Wor c r
hr o h o of oo, h
for i h h rmrb f
of ro 641,281 h
638,775 2012.
Cch Facy, eandin mak sha in
e hh si Qaiy
th ch for ro 300,000 of
hh q r, orb o h m
xo of H mr hr ero.
a o, 30 ro h for
w om for cr of h yr, ero
ro h ror b-q of H
r. th ch for ow r h
WorlDs Best WorKINg eNVIroNmeNt,
rIgHt Here IN KoreA
uan Facy, h Wd la
sin Facy
u H m for wh
of 1.5 mo , m of f
mfr f o
5,050,000 qr mr whr or 34,000mo ro r of 6,000 h
r . i o, h r
whr hr 50,000 o h o o.
Wh om 590,000 r -
of-h-r rom roo f,
w ow o o h for
for.
Aan Facy, Wh gd Wkin
Cndiin tana gd Ca
a f f-ff for h
ro 300,000 of m- r-
r for r xor. Wh
brh wor rom
r o o r, h for
ro h h q of h wor ro-
m r r o h q of h
ro.
Jnj Facy, h Wd Bi
pdcin Cn f Ccia Vhic
th Joj for, wh roo
of 100,000 h, -
ommr h. i ro r
h wh 2.5 o or mor, m- r-
b 25 r or mor,
q h.
loCAl FACtorIes operAtINg
IN tHe mAJor CeNtres oF tHe WorlD
Aabaa Facy, payin a ladin r in
onin u h u.s. mak
ir M 2005 h hr of h
u.s. mr, h b bro of ob
omr, h abm for bo m-
ro ro q. afr rh
h 10h mo 37 norh amr f-
or fr r of oro, h r
for, for for r row 2009,
h for h so mo
for, for hr r row 2010,
h o Hrbor Ror norh amr
omr ro r. er, o of
h mo ro abm, r h
hoor of b h 2012 norh
exemlifie Hyundai Modern premium
hrough which he Brazil facory conribue
o make Hyundai one of he mo loved auo-
moive brand in he world.
ria Facy, h Fa gwin Ca
pan in ria
H Moor Mfr R ,
whh b oro Jr 2011 wh roo of 150,000
o m-ro h sor (a) mo,
h ow r o 200,000
o m r r m. i 2012, h
for mr h r r mf-
r h orhw ro of R,
or 10 r bo .
ao, wh r o roo ff
q, w ro 2012 h
b wh H Moor com.
a r, h for ro for mo
f o o m h
m of R omr. th sor
(a) mo, rr, h o mor
h 200,000 h wo r o b-
om h mo o for br r h
or, w o ho h R
cr of h yr r 2012.
2012 dcin (Ka fac i) 2012 dcin (va fac i)
*u : 1,000 h *u : 1,000 h
uni dcd cad
h vi ya
Blue Waves in tHe WORld
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WorlDWIDe NetWorK
H Moor i lm (HMi)
i th cr
a-pf Ro Hqrr
a-pf Ro commr Hqrr
Bj H Moor com (BHMc)
H Moor th ch
H Moor J (HMJ)
H Moor gro ch (HMgc)
gob sor cr (ch)
H Moor J th cr
H Moor comar (HMca)
afr Ro Hqrr
M e Ro Hqrr
afr & M e RoHqrr for ommr h
H a Oomo s t. a.. (HaOs)
Ro proo com
s com
proo/s comMiddLE EAST&AFriCA 4OhrRoHqrrRrh cr tOtal Facilities
Ro proo com
s comproo/s com
Ohr
Ro Hqrr
Rrh cr
ASiA&PACiFiC 11tOtal Facilities
annual RepORt 201248 49Blue Waves in tHe WORld
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H ao c (Hac)
H tr (Ht)
H Moor amr (HMa)
cr & soh amr Ro Hqrr
H amr th cr i. (Hatci)
H Moor Mfr abm (HMMa)
H Mxo (HyMeX)
H u.s. d cr
H Moor Br (HMB)
WorlDWIDe NetWorK
H Moor cis (HMcis)
H Moor norw as (HMn)
H Moor po (HMp)
H Moor ero th cr gmbH (HMetc)
H Moor ero gmbH (HMe)
H Moor Mfr R llc (HMMR)
er ero Ro Hqrr for ommr h
er ero Ro Hqrr
H Moor e, s.l. (HMes)
H Moor com i (HMci)
H Moor ch .r.o. (HMcz)
H Moor Mfr ch .r.o. (HMMc)
H Moor u kom, l. (HMuk)
H Moor dh gmbH (HMd)
H Moor Fr sas (HMF)
H Moor sor gmbH (HMsg)
Ro proo com
s com
proo/s com
Ohr
Ro Hqrr
Rrh cr
NorTh AMEriCACENTrAL &SoUTh AMEriCA10tOtal Facilities
EUroPE
16tOtal FacilitiesRo proo com
s com
proo/s com
Ohr
Ro Hqrr
Rrh cr
cv l amr & crbbRo Hqrr
annual RepORt 201250 51Blue Waves in tHe WORld
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ANNUAL REPORT 201252 53
As a global player, Hyundai Motor Company will go where people of the
world gather together and grow closer to one another. That is why we
sponsor diverse sports such as football, golf, cricket, and ski jumping.
Going beyond sports, we also support diverse art performances, new
media events, and motor shows. Through our contribution and support,
we wish to enrich the lives of our customers and to inspire them.
gloBAl mArKetINg
suppORting tHe passiOn OF peOple WORldWide
WitH diveRse spORts spOnsORsHips.
Meeting custOMeRs in neW places and in neW Ways.
omr b. From 2011, H h b
oor h H torm of chm-
o, whh u.s. pga-ff ro
omo whr h ro r wr
of h pga tor om o ohr.sr wh h i cr Wor c 2011,
w h o o or h iro
cr co (icc) b oor sr l
Wor t20 ar ur-19 chmo-
h 2012, i Wom cr Wor c
2013, o h W chmo troh
h u.k. 2013. i o, H b
o or jm b oor h 2012
s F chmoh r
h 2012-2013 s Jm Wor c o.
H w o or b oor
h 2013 nor chmoh r
h 2013-2014 s Jm Wor c
o. throh h , H Moor
com w romo m
suv mo.
spoNsorINg INterNAtIoNAl
FootBAll eVeNts
H b o for oo wh h
ero foob ueFa h r-
o foob FiFa 1999. srwh h 2002 kor-J Wor c, w
o o off oor h 2006 grm
Wor c, ero 2008, h 2010 soh
afr Wor c. Foow or r o
ero 2012, h r w w r
h cofro c o b h Br.
W w or f for h
r hr. i o, w w r
ow ro how rorm fr h
or goow B.
DIVersIFYINg sports spoNsorsHIps:
From golF, CrICKet to sKI JumpINg
R, H Moor com h x-
or oorh o of,
r, jm orr o bro h
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ANNUAL REPORT 201254 55gloBAl mArKetINg
motor sHoWs, AutomotIVe FestIVAls
For CAr-loVINg Customers
i 2012, H Moor com r
mjor ro moor how o o
ero, amr, ch, b o
mr mr. throh h how, Hh h w o oo h om
r b o omm h Mor
prmm br m h H r o.
For xm, h o booh r
h moor how pr g x-
r h w br of H
r r fho. ao, h rmr
h of H w m-mr mo
20 Wor R cr h x35 hro f
h how o h wor h om-
nw th. nw pob. roh
q o H. th ro h s
po Moor show Br mr h h
of w for Br H ro
ommm o h Br mr h of-
f oor of 2014 Br Wor c. gob
moor how o r o m
wh omr b w
r mo o r, roj br
m r br room r
ro, ho om
h robo-rm rform. a
omo om, H w o or o o wh omr worw.
eVerY seCoND Is A BrIllIANt momeNt
From HYuNDAI
i 2013, H Moor com o
ro ro r ro
h omb w it hoo
ohr o h h xr of or
br b omr. th fr w h
2013 comr ero show (ces) whr
H how formo hoo
wh o o h 3r ro
B l m m. a h so
Moor show, H o , for h
fr m, h 3r ro of MBb,
whh mbo fr roro o.
u h ro ro fo o
, h mo mxm h xr-
w mor h r
of H o m h fr.
H Moor com w o o fo
o ro w of xr o or
omr r o xhbohq o r br mom.
HYuNDAI AND NeW meDIA
a omr f r h r,
H Moor com
for w w o o wh o hroh
w m.
a r of h m o romo h nw
s F, r rr of h mo, th
chr, w r o Fboo. th chr
w ro r 360-r
vr R (vR) mo o h r o
o o wh h o, b o h -
r 360-r w of h r ror
. th mo o fr
007- or h, o wh h r-
hoo, m mro o
wr.
i o, 2011, H Moor com,
wh h rrh of Mroof ar ,
ro h nw thr ix m
h offr roor b-ro
o xr. i h m, ro ho rqr
r obr mhm wr
r o h r wh o fr 22
br. th r h r
r b-ro o q, h
r o hm whh br h h mo
mr hm.
M p w euRO 2012 fr
m whr f tm H r
hr f wr o for hr
or o w h orm, H
rom o o ro for r o
h oh foob b sr Foob Wor.
th m r h oo of
o of 25,000 ro ff H
mo of orb o h o
h br m h m m.
spreADINg BrAND VAlues tHrougH
CulturAl mArKetINg
goo r o ff w o
omr o xr h br
of H Moor com. From 2010 o
2012, H oor so phhrmoOrhr rform, b Mro
ch M-Hoo, ero
amr. throh h rform,
H omr w om o rmmbr
H, o o r mfrr, b
f br.
1.2012 pr Moor show
2.2012 s po Moor show
3.2012 g Moor show
4.2013 ces (comr ero show)
2
43
1
5.th chr m for s F
6. h://www.fboo.om/Hworw
7. nw thr ix m
8. so phhrmo Orhr
6
5
7
8
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ANNUAL REPORT 201256 57
Wh h o r h 2014 WRc,
H h r o r
20-b r r mo h pr Moor
show bh H Moor sor
gmbH Br, grm o r h ffr
r o r om, , m form-
o, oro. th 20 H r-
mo for h ero mr, whh
m h fo o b h WRc.
th 20 R cr b o h roo
mo fr b-- owrr r-
form wh 1,600 wh rbo-
hrr ro 300 , 6- r
om rmo 4-wh r
m, o fr o
m h ro om r rform
ro rf oo. th r
from nm th Rrh cr
ero r r b ohr
o o xrm rbwh b
rform h rom. B
r h WRc, H x o
h br m of o o hh q,
b o hh rform.
gloBAl mArKetINg
2
31
1.20 R cr wh 4-wh r m
2.R m ror, Mh n
3.dr of 20 R cr
i20 rAllY CAr For tHe WorlD rA llY CHAmpIoNsHIp
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ANNUAL REPORT 201258 59
sAFe moVe
H r r of rff f hroh
sf Mo m r h moo M sf
sr tohr. i oror h
or r ro for hr,
mm r mr r rh,
or r m.
soCIAl CoNtrIButIoN sYmBol AND slogAN
a h o h xr H r o
orbo hooh, wor rr h ho
rm of h wor, mo rr h r
for oo h om, ohr
rr h hrmoo rrh wh o.
a of ow, h b r ro o
23 orr o rh h ro of h
H Moor com o m Mo h Wor
tohr r.
CorporAte soCIAl respoNsIBIlItY progrAms
Hyundai Will dO its Best tO tOucH peOples HeaRts
WitH its cORpORate sOcial RespOnsiBility pROgRaMs
all aROund tHe WORld
The role of Hyundai Motor Company as a global automotive leader is not
only to develop cars of best uality and eco-friendliness, but also to
study ways to improve the overall well-being of the people in our society.
Hyundai will strive to do its best to facilitate the well-being of our global
society by contributing in the ways that best match the character and
strengths of Hyundai Motor Company.
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ANNUAL REPORT 201260 61CorporAte soCIAl respoNsIBIlItY progrAms
HYuNDAIs eFForts to promote
trAFFIC sAFetY For KIDs
i 2012, H Moor com or
o h sf Mo m of for Mo
oror o rob (csR) rorm.
ur h moo M sf sr tohr,
sf Mo fr formo w o -
bh r of rff f mo hr.
to h h o, H ro h
Robo-r po Ro sf so 1 mo
b o h or roo hrr Robo-
r po. th mo, whh omm
ro f formo o hr,
h m hr
f -o-r mho. a o
o h o b ro, h m
oboro wh h no po a
of kor. H o ffor o
hr o ro f b or
hrr- fr r
xhbo r r o f o.
i o, H o wor o or
hr who h b orh b r
wh thr-f cor Worw
rorm. th rorm m o r h wh
of orh hr orr o r hm
wh rw of ho.
HYuNDAI INVestINg IN CHIlDreN
For A Better Future
H Moor com r mor ro-
rm for orh hr wh h r -
o of mor h 10,000 om mo.
th rorm, whh m o orh
hr moo ho for br
fr, 530 bo r romm
b o hoo, wfr r, ngO
oro, h oor o yo
exo 2012, r rr o,
r ho rfrbhm for br
oo. gob, H o
mh r hoo h H-
ko drm cr gh. B r
o o wh f , h hoo
h hm br job. H w
o o x h of h
hoo o ohr afr a or.
H b h h
omo r ro o b bf
r fr h.
VoluNteer ACtIVItIes
th r 2012 w wh H Moor
com or rorm o o
mor mr form. vor b
om mo oo o m h
form b wr r h or o
of r r bf o o .
th om h H-vor dr
m h f h
or of mo o frhr
or orm mo H
mo. th m ow mo o
hr ow o.
i 2012, H-vor dr r
w r of , h
h kor hb H o for worr
orr hoo of h r for
hm o hr fr wh h
w, omr kor.
ao, hroh h O v r com
rorm, mo or h mro
h oo of rr b m
fowr b for o hoo or r ow
f-hr f bo hoo.
throh h , H ro o
r, r bf o o
rr ff o rob-
ob ororo.
moVINg tHe WorlD togetHer
WItH mID-to loNg-term plANs For
soCIAl CoNtrIButIoN
H Moor com m fo 2013
for o orbo o fr bh
m-o o-rm r o
r mmo rh w. th hm of
h rorm sf Mo (rff f),
ro rorm w b o
or o h . O om rorm
h ro of rff o
hr hroh fr-hoo o
o h Robo-cr po rff
f mo. H w o q
x h f thr-f cor
Worw rorm, mor ro-
rm h o o or orh
hr for or ro of m.
1. F thr-f cor f m
2. drm tohr mor rorm
3. O rmo of H-ko drm
cr gh
2
1
3
4.O v r com rorm:
o h w of or b
5.O v r com rorm:
m fowrb o hoo6.s or o ro trff sf
wh Robo-r po so 2
5
4
6
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hYUNdAi, WiTh YoU NoW ANd ALWAYSHyundais endless efforts to become the best-loved automotive brand by customers have been translated into cars that carry many
different names, which have been accompanying the lives of customers and receiving their love from all over the world: for some, Hyundai
is a source of pride; for others, it stands for style or is synonymous with eco-friendliness. Hyundai will continue to be a lifetime partner
of customers in the future, standing by their side every moment of their lives.
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ANNUAL REPORT 201264 65
HMc h Bor of dror wo bomm a comm exr dror c Rommo comm
r h Bor of dror. ao, eh comm w bh 2007.
tHe BoArD oF DIreCtors
th BOd m o o mr b w h ar of iororo, w o hroh hrhor
m. th BOd for h om mm m mor o r o h xo of roj. th BOd
r h wor of x mm. th BOd o of for r f xr ror. th BOd o rrbor m w xrorr m whr r.
tHe AuDIt CommIttee AND tHe exterNAl DIreCtor CANDIDAte reCommeNDAtIoN CommIttee
th a comm o of for xr ror. i h om mm o, rq
b ror from x, moor h om f . th a comm r o o mr r-
o r hrhor m, ror h BOd, . ir m o b mmbr o mm
formo r for ror r .
th exr dror c Rommo comm o of 2 r ror 3 x r ror. a xr ror r -
o fr b romm b h Rommo comm. como for ror w kRW 15 bo h 2012
gr sh rhor M. to omo for r xr ror from 1 Jr o 31 dmbr 2012 mo o kRW 9.6
bo. ar omo for r ror w kRW 2.3 bo kRW 84 mo for xr ror.
Key Activities of the BOD in 2012
Meetns date Aena reslutn
1g r J . 2 6. 20 12 a ro o f f m fo r h 4 4 h f r 8 o h r m O r d r f p
exrorr Fb. 22. 2012 aro of m for h 44h gr shrhor' m 1 ohr m Or drf p
e x r or r M r. 1 6. 20 12 a ro o f o m of h p r c eO 7 o h r m O r d r f p
2g r a r. 26 . 2 01 2 a r o of o m o f h o m off r 3 o h r m O r d r f p
exrorr J . 25 . 2012 aro of ro w h om fr h m mjor hrhor Or drf p
3rg r J . 2 6. 2 01 2 aro of ro wh om fr h m mjor hrhor 2 ohr m Or drf p
exrorr s. 15. 2012 aro of ro wh r-mr m r br 1 ohr m Or drf p
4hg r O . 2 5. 20 12 aro of ro wh om fr h m mjor hrhor 2 ohr m Or drf p
* Detailed information can be found at HMCs homepage (http://pr.hyundai.com) or the FSSs electronic disclosure system (http://dart.fss.co.kr).
Key Activities of the Audit Committee in 2012
Meetns date Aena reslutn
1g r J . 2 6. 20 12 a ro o f f m fo r h 4 4 h f r 2 o h r m O r r f
e x r or r F b . 2 2. 20 12 a ro o f m fo r h 44 h g r s h r ho r ' m O r r f
e x r or r M r. 16 . 2 01 2 a ro o f o m of h c h r m o f h a c om m O r r f
2gr ar. 26. 2012 - -
3rgr J. 26. 2012 - -
4hgr O. 25. 2012 - -
* Detailed information can be found at the FSSs electronic disclosure system (http://dart.fss.co.kr).
BoArD oF DIreCtors
AuDIt CommItteeexterNAl DIreCtor CANDIDAte
reCommeNDAtIoN CommItteeetHICs CommIttee
CorporAte goVerNANCeAND BoArD oF DIreCtors
BOD Members (as of end April 2013)
Jnt Pstns hel
Name Ttle/Afflatn
Extenal dectCanate
recmmenatn
Cmmttee
Aut Cmmttee Etcs Cmmttee
ir
cHung, MOng-kOO chrm & ceO - -
choo Ho km pr & ceO -
g H yoo pr & ceO - - -
e s ch v chrm - - -
exr
i H kRr tx ao,
d tx cororo -
s B Oh lwr, do i lw gro
yo ch ym lwr, sh & km -
s i nm profor of eoom, so ur -
yo J yprofor of B amro,
so no ur- -
* Detailed information on the directors can be found at HMCs homepage (Korean: http://pr.hyundai.com; English: http://worldwide.hyundai.com/worldwide_inde.html)
or the Financial Supervisory Service(FSS)s electronic disclosure system (http://dart.fss.co.kr).
CorporAte goVerNANCe AND BoArD oF DIreCtors
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ANNUAL REPORT 201266
tHe etHICs CommIttee
H Moor com bh h eh comm 2007 o mro rr of r ro o r h m-
m of h om. eh mm r ro rro wr frhr rfor 2012 wh h comm w
ror b-omm of h BOd. th eh comm o of hr xr ror o r ror. th hr-
mh h b xr ror. k m 2011 wh r r wh br o orbo .
CorporAte goVerNANCeAND BoArD oF DIreCtors
68 | i aor Ror
70 | coo sm of F poo
72 | coo sm of iom
73 | coo sm of comrh iom
74 | coo sm of ch shrhor eq
76 | coo sm of ch Fow
78 | no o coo F sm
CorporAte goVerNANCe AND BoArD oF DIreCtors
Key Activities of the Ethics Committee in 2012
Meetns date Aena reslutn
1gr J. 26. 2012 Rw of 2012 o orbo 2 ohr m Or rf
2gr ar. 16. 2012 aro of mm o h Wor eh co Or rf
3rgr J. 26. 2012 - -
4hg r O . 25 . 2 01 2 aro of ro wh om fr h m mjor hrhor 1 ohr m Or rf
* Detailed information can be found at the FSSs electronic disclosure system (http://dart.fss.co.kr).
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ANNUAL REPORT 201268 69
to tHe sHAreHolDers AND BoArD oF DIreCtors oF
HYuNDAI motor CompANY:
W h h om oo f m of H Moor com (h com) br. th f-
m o of h oo m of f oo of dmbr 31, 2012 2011, r, h r
oo m of om, oo m of omrh om, oo m of h hrhor q
oo m of h fow, xr kor wo, for h r h , r. th com mm
rob for h rro fr r o of h oo f m or rob o xr oo o
h oo f m b o or . W o h f m of r br, H
c sr, i., who m r f 42.3% 43.5% of h oo o of dmbr 31, 2012 2011, r,
49.9% 44.4% of h oo o for h r h , r. tho m wr b ohr or
who ror h b frh o , or oo, ofr r o h mo for ho , b o o h
ror of h ohr or.
W o or or wh r r h Rb of kor. tho r rqr h w
rform h o ob rob r bo whhr h oo f m r fr of mr mm. a
xm, o b, or h mo or h oo f m. a o
h o r f m m b mm, w h or oo
f m ro. W b h or ro rob b for or oo.
i or oo, b o or h ror of ohr or, h f m rfrr o bo r fr, mr
r, h f oo of h com br of dmbr 31, 2012 2011, r, h r of or-
o h fow for h r h , r, oform wh kor iro F Ror sr (k-iFRs).
ao r r hr o r r mo or. th om oo f
m r o o r h f oo, r of oro h fow or wh o r
r r or ohr h h Rb of kor. i o, h ror r h Rb of
kor o h f m m ffr from ho r ohr or. aor, h ror h
om oo f m r for b ho owb bo k or o ror r
hr o r.
NotICe to reADers
th ror ff of M rh 7, 2013, h or ror . cr bq or rm m h orr b w
h or ror h m h or ror r. sh or rm o f ff h om
f m m r mofo o h or ror.
Mrh 7, 2013
englisH tRanslatiOn OF a RepORt ORiginally issued in kORean
iNdEPENdENT AUdiTorS rEPorT
th om oo f m fooo or wr rr b r h rob of h gro.
Chn H Ki
ceO, Hyundai MOtOR cOMpany
HYuNDAI motor CompANY AND Its suBsIDIArIes (tHe group)
CoNsolIDAteD FINANCIAl stAtemeNts
For tHe YeArs eNDeD DeCemBer 31, 2012 AND 2011
Financial stateMents
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ANNUAL REPORT 201270 71HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
In millions of Korean Won
Assets decembe 31, 2012 decembe 31, 2011
crr :
ch h q (no 19) 6,759,338 6,231,946
shor-rm f rm (no 19) 12,384,057 9,182,575
tr o o rb (no 3,19) 3,686,824 3,845,517
Ohr rb (no 4,19) 2,304,410 2,240,482
Ohr f (no 5,19) 109,299 356,444
ior (no 6) 6,772,864 6,237,752
Ohr (no 7,19) 1,905,445 1,137,862
crr x 34,575 36,084
F r rb (no 13,19) 20,867,467 19,657,688
no-rr h for (no 8) 2 3, 30 7 -
to rr 54,847,586 48,926,350
no-rr :
lo-rm f rm (no 19) 1,359 211,540
lo-rm r o o rb (no 3,19) 43,801 76,843
Ohr rb (no 4,19) 1,036,609 987,207
Ohr f (no 5,19) 1,594,464 1,897,943
Ohr (no 7,19) 44,424 1,288
pror, qm (no 9) 20,739,858 19,548,048
im ror (no 10) 282,832 282,427
ib (no 11) 2,883,218 2,660,109
im jo r o (no 12) 13,117,731 11,709,238
dfrr x (no 32) 489,080 458,287
F r rb (no 13,19) 18,626,764 17,452,441
Or (no 14) 7,830,088 5,268,254
to o-rr 66,690,228 60,553,625
Ttal assets 121,537,814 109,479,975
as OF deceMBeR 31, 2012 and 2011
CoNSoLidATEd STATEMENTS oF FiNANCiAL PoSiTioN
See accompanying notes to consolidated financial statements.
In millions of Korean Won
Labltes an saeles equty decembe 31, 2012 decembe 31, 2011
crr b:
tr o o b (no 19) 6,841,326 6,666,406
Ohr b (no 19) 4,542,007 3,752,684
shor-rm borrow (no 15,19) 6,781,749 7,880,014
crr oro of o-rm b br (no 15,19) 7,912,341 8,320,194
iom x b 550,847 925,519
proo (no 16) 1,768,014 1,686,161
Ohr f b (no 17,19) 148,311 455,914
Ohr b (no 18,19) 4,291,104 3,476,616
to rr b 32,835,699 33,163,508
no-rr b:
lo-rm ohr b (no 19) 8,271 29,471
dbr (no 15,19) 26,370,689 23,654,325
lo-rm b (no 15,19) 4,142,473 3,484,127
df bf obo (no 33) 821,749 648,639
proo (no 16) 5,240,744 4,960,992
Ohr f b (no 17,19) 356,193 200,197
Ohr b (no 18,19) 1,482,358 1,537,003
dfrr x b (no 32) 2,362,063 1,474,011
to o-rr b 40,784,540 35,988,765
to b 73,620,239 69,152,273
shrhor q:
c o (no 20) 1,488,993 1,488,993
c r (no 21) 4,158,988 4,114,010
Ohr m (no 22) (1,128,779) (1,128,779)
am ohr omrh om (no 23) (473,373) 375,281
R r (no 24) 39,993,230 32,263,528
eq rbb o h owr of h pr com 44,039,059 37,113,033
no-oro r 3,878,516 3,214,669
to hrhor q 47,917,575 40,327,702
Ttal labltes an saeles equty 121,537,814 109,479,975
Continued
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ANNUAL REPORT 201272 73HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
In millions of Korean Won, ecept per share amounts
2012 2011
s (No 25,38) 84,469,721 77,797,895
co of (no 30) 64,972,145 58,902,023
gro rof 19,497,576 18,895,872
s mr x (no 26,30) 11,060,629 10,867,043
Or om 8,436,947 8,028,829
g o m jo r o, (no27) 2,579,906 2,403,753
F om (no 28) 969,726 747,546
F x (no 28) 624,473 779,666
Ohr om (no 29) 1,231,360 1,030,593
Ohr x (no 29,30) 988,336 983,945
iom bfor om x 11,605,130 10,447,110
iom x x (no 32) 2,548,853 2,342,247
Pft f te yea 9,056,277 8,104,863
Pft attbutable t:
Owr of h pr com 8,561,825 7,655,871
no-oro r 494,452 448,992
Eanns pe sae attbutable t te wnes f te PaentCmpany: (Nte 31)
B r r ommo hr 31,515 28,200
d r r ommo hr 31,515 28,200
In millions of Korean Won
2012 2011
prof for h r 9,056,277 8,104,863
Ohr omrh om (x):
lo o o of b-for- f , (80,693) (91,860)
g o o of h fow h r, 55,471 4,004
ch o of q-o , (293,487) 158,977
ar o o f bf obo, (247,197) (175,500)
lo o for oro ro, (636,824) (147,280)
to ohr omrh x (1,202,730) (251,659)
Ttal cmpeensve ncme 7,853,547 7,853,204
comrh om rbb o:
Owr of h pr com 7,378,454 7,415,551
no-oro r 475,093 437,653
Ttal cmpeensve ncme 7,853,547 7,853,204
FOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
CoNSoLidATEd STATEMENTS oF iNCoMEFOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
CoNSoLidATEd STATEMENTS oF CoMPrEhENSiVE iNCoME
See accompanying notes to consolidated financial statements.
See accompanying notes to consolidated financial statements.
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ANNUAL REPORT 201274 75HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
In millions of Korean Won
Captalstck
Captalsuplus
otecaptal tems
Accumulatete
cmpeensvencme
retaneeanns
TtalNn-
cntllnnteests
Ttalequty
B Jr 1, 2011
1 ,4 88 ,9 93 3 ,9 00 ,9 35 ( 91 8, 21 4) 4 09 ,9 14 2 5, 21 6, 16 3 3 0, 09 7, 79 1 2 ,7 90 ,1 82 3 2, 88 7, 97 3
comrh om:
prof for h r - - - - 7,655,871 7,655,871 448,992 8,104,863
lo o o ofb-for-f ,
- - - (91,493) - (91,493) (367) (91,860)
g o o ofh fow hr,
- - - 2,891 - 2,891 1,113 4,004
ch oof q-o,
- - - 199,216 (40,249) 158,967 10 158,977
ar oo f bfobo,
- - - - (165,438) (165,438) (10,062) (175,500)
lo o forororo,
- - - (145,247) - (145,247) (2,033) (147,280)
to omrhom
- - - (34,633) 7,450,184 7,415,551 437,653 7,853,204
tro whowr, rorr q:
pm ofh
- - - - (412,227) (412,227) (45,423) (457,650)
prh ofrr o
- - (400,137) - - (400,137) - (400,137)
do of
rr o
- 194,959 189,572 - - 384,531 - 384,531
ir br o
- - - - - - 12,871 12,871
do ofbr o
- 18,116 - - - 18,116 - 18,116
Ohr - - - - 9,408 9,408 19,386 28,794
to ro whowr, rorr q
- 213,075 (210,565) - (402,819) (400,309) (13,166) (413,475)
Balance atdecembe 31, 2011
1 ,4 88 ,9 93 4 ,1 14 ,0 10 ( 1, 12 8, 77 9) 3 75 ,2 81 3 2, 26 3, 52 8 3 7, 11 3, 03 3 3 ,2 14 ,6 69 4 0, 32 7, 70 2
In millions of Korean Won
Captalstck
Captalsuplus
otecaptal tems
Accumulatete
cmpeensvencme
retaneeanns Ttal
Nn-cntllnnteests
Ttalequty
B Jr 1, 2012
1, 48 8, 99 3 4, 11 4, 01 0 (1 ,1 28 ,7 79 ) 37 5, 28 1 32 ,2 63 ,5 28 37 ,1 13 ,0 33 3, 21 4, 66 9 40 ,3 27 ,7 02
comrh om:
prof for h r - - - - 8,561,825 8,561,825 494,452 9,056,277
g (lo) oo ofb-for-f ,
- - - (81,330) - (81,330) 637 (80,693)
g o o ofh fow hr,
- - - 29,746 - 29,746 25,725 55,471
ch oof q-o,
- - - (189,602) (102,759) (292,361) (1,126) (293,487)
ar oo f bfobo,
- - - - (231,958) (231,958) (15,239) (247,197)
lo o forororo,
- - - (607,468) - (607,468) (29,356) (636,824)
to omrhom
- - - (848,654) 8,227,108 7,378,454 475,093 7,853,547
tro whowr, rorr q:
pm ofh
- - - - (480,105) (480,105) (43,262) (523,367)
ir br o
- 42,866 - - - 42,866 232,050 274,916
do of
br o
- 2,112 - - - 2,112 (10) 2,102
Ohr - - - - (17,301) (17,301) (24) (17,325)
to ro whowr, rorr q
- 44,978 - - (497,406) (452,428) 188,754 (263,674)
Balance atdecembe 31, 2012
1 ,4 88 ,9 93 4,15 8,98 8 (1 ,1 28 ,7 79 ) (4 73 ,3 73 ) 3 9,99 3,23 0 44 ,0 39 ,0 59 3,87 8,51 6 4 7,91 7,57 5
FOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
CoNSoLidATEd STATEMENTS oF ChANgES iN ShArEhoLdErS EQUiTY
Continued
See accompanying notes to consolidated financial statements.
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ANNUAL REPORT 201276 77HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
In millions of Korean Won
2012 2011
ch fow from or :
ch r from oro: (No34)
prof for h r 9,056,277 8,104,863
ajm 7,123,391 6,918,040
ch or b (8,311,579) (8,596,090)
7,868,089 6,426,813
ir r 617,736 550,026
ir (1,660,401) (1,722,736)
d r 744,132 605,273
iom x (2,229,870) (1,727,257)
Net cas pve by peatn actvtes 5,339,686 4,132,119
ch fow from :
prh of hor-rm f rm, (1,900,099) (337,862)
pro from o of ohr f 448,109 764,699
pro from o of ohr rb 93,261 412,462
pro from whrw of o-rm f rm - 5
pro from o of ror, qm 69,230 108,727
pro from o of b 1,935 11,047
pro from o of m jo r o 241,806 355,584
aqo of ohr f (539,551) (764,965)
aqo of ohr rb (97,098) (394,144)
prh of o-rm f rm (1,160,000) (500,000)
aqo of ror, qm (3,000,038) (2,899,177)
aqo of b (798,607) (763,234)
aqo of m br (290,989) -
aqo of m jo r o (275,104) (3,105,180)
Ohr h r (m) from , 8,012 (4,057)
Net cas use n nvestn actvtes (7,199,133) (7,116,095)
In millions of Korean Won
2012 2011
ch fow from f :
Rm of hor-rm borrow, (1,363,213) (1,084,499)
pro from o-rm b br 23,448,538 15,501,739
p r br 277,476 10,618
Rm of o-rm b br (18,890,467) (10,436,527)
Rm of ohr f b (341,484) -
prh of rr o - (400,137)
d (523,367) (457,650)
O h r h m f ro m f , ( 34 ,6 52 ) (24,740)
Net cas pve by fnancn actvtes 2,572,831 3,108,804
eff of xh r h o h h q (185,992) (108,697)
n r h h q 527,392 16,131
ch h q, b of h r 6,231,946 6,215,815
Cas an cas equvalents, en f te yea 6,759,338 6,231,946
FOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
CoNSoLidATEd STATEMENTS oF CASh FLoWS
Continued
See accompanying notes to consolidated financial statements.
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ANNUAL REPORT 201278 79HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
1. geNerAl:
H Moor com (h com or pr com) w oror 1967, r h w of h Rb of kor. th com
br (h gro) mfr rb moor h r , or h f r r ro,
mfr r.
th hr of h com h b o h kor exh 1974 h gob dor R b h com h
b o h loo so exh lxmbr so exh.
a of dmbr 31, 2012, h mjor hrhor of h com r H MOBis (20.78%) ch, Mo koo (5.17%).
(1) tHe CompANYs CoNsolIDAteD suBsIDIArIes As oF DeCemBer 31, 2012 Are As FolloWs:
Subsaes Natue f busness Lcatn ownesp pecentae inect wnesp
H c sr, i. F kor 56.47%
H cr co., l. (*) 31.52%
H Rom com Mfr 57.64%
H keFicO cororo 100.00%
gr ar co., l. 51 .00% H Rom 51 .00%
H aro co. , l . (Formr, H cr co. , l . ) R&d 60.00%
H pr co., l. Mfr 56.00%
H ngv th co., l. er 53.66%
Mr co., l. sr 80 .00% H Rom 80 .00%
Job H Moor Fc co., l. Foob cb 100.00%
H Moor amr (HMa) s usa 100.00%
H c amr (Hca) F 85.00% HMa 85.00%
H Moor Mfr abm, llc (HMMa) Mfr 100.00% HMa 100.00%
H tr, i. (Ht) 100.00%
sm M amr Rrh thoo, i. (sMaRti) Ho om 72.45% HMa 72.45%
s m M a m r R r h t h o o l lc M f r 1 00 .0 0% s Ma Rt i 1 00 .0 0%
H amr th cr i. (Hatci) R&d 100.00%
Rom usa cororo Mfr 100.00% H Rom 100.00%
H ao c cor. (Hac) s c 100.00% HMa 100.00%
H ao c c ir i. (Hacci) ir 100.00% Hac 100.00%
H Moor i lm (HMi) Mfr i 100.00%
H Moor i er pr lm (HMie) R&d 100.00% HMi 100.00%
H c i pr lm (Hci) F 100.00%H c
sr 100.00%
H Moor J co., l. (HMJ) s J 100.00%
Subsaes Natue f busness Lcatn ownesp pecentae inect wnesp
H Moor J R&d cr i. (HMJ R&d) R&d 100.00%
Bj Jx Moor sfr sr co., l. (BJMss) s ch 100.00%
Bj Jxroh Moor s co., l. 100.00% BJMss 100.00%
Bj Xhxqo Moor ch co., l. 1 00 .0 0% B JM ss 1 00 .0 0%
Bj H M m R e dom R om 99.00% cMe 99.00%
Rom eqm (Bj) co., l. Mfr ch 100.00% H Rom 100.00%
keFicO aomo sm (Bj) co., l. 100.00% H keFicO 100.00%
keFicO vietnaMi cOMpany liMited vm 100.00%
H M o or c om a r p l m ( HM ca ) s ar 100.00%
H Moor Mfr ch, .r.o. (HMMc) Mfr ch 100.00%
H Moor ch .r.o (HMcz) s 100.00%
H Moor ero gmbH (HMe) Mr s grm 100.00%
H Moor dh gmbH (HMd) s 100.00%
H M o or e r o t h c r g mb H ( HM et c) R &d 100.00%
H Moor sor gmbH (HMsg) Mr 100.00% HMe 100%
H c ero gmbH F 100.00%H c sr
100.00%
H Mo o r M f r R llc (HM MR ) M f r R 70.00%
H Moor commowh of i s B.v(HMcis B.v) Ho om nhr
100.00% HMMR 1.4%
H Moor commowh of i s (HMcis) s R 1 00 .0 0% H Mc is B .v 1 00 .0 0%
H c sr lm lb com F 100.00%H c ero
100.00%
H a Oomo s v t r a .s. (HaOsvt) Mfr tr 89.29%
erom deMiRyOlu aRaclaRi san. ve tic a.s 50.50% H Rom 50.50%
H Moor uk lm (HMuk) s uk 100.00%
H Moor com i s.r. (HMci) i 100.00%
H Moor e. s.l (HMes) s 100.00%
H Moor Fr sas (HMF) Fr 100.00%
H Moor po s. zo.O (HMp) po 100.00%
H Moor norw as (HMn) norw 100.00%
H Mxo, sa de c.v., (HyMeX) Mfr Mxo 99.99% Ht 99.99%
H Moor Hr (HMH) s Hr 100.00%
FOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
NoTES To CoNSoLidATEd FiNANCiAL STATEMENTS
Continued
Continued
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ANNUAL REPORT 201280 81HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
Subsaes Natue f busness Lcatn ownesp pecentae inect wnesp
H Moor Br Moor aomo ltda (HMB) Mfr Br 100.00%
ch Mm cororo (cMe) Ho om cm i 59.60%
ao thr-Ffh ~ thr-sh asro s com (*)
F kor 0.90%H c sr
0.90%
ao thr-nh ~ Forh asro s com (*)
0.90%
ao For-so ~ For- sh a sros com (*)
0.90%
ao For-nh a sr o s com (*) 0.90%
HB h thr sro s com (*) 0.90%
p r h so ~ t h r s r o s co ., l . (* ) 0 .90% H cr 0 .90%
H Bc F cororo usa 100.00% Hca 100.00%
H cHa F cororo 100.00%
H l t tr F usa 100.00% Hca 100.00%
H Hk F, llc 100.00%
H Hk F O, llc 100.00%
H Hk F two, llc 100.00%
H ao l F, llc 100.00%
H aBs F cororo 100.00%
H c ir sr, llc 100.00%
Hk R pror, llc 100.00%
H ao l Offr, llc 100.00%
H Hk l, llc 100.00%
H proo p, i. ir 100.00%
H proo p For, i. 100.00%
H c ir com 100.00%
(*) The Group is considered to have substantial control over the entities by virtue of an agreement with other investors or relationship with special purpose entities.
(*1) Based on the subsidiarys consolidated financial statements.
(*2) Accumulated amounts for the year ended December 31, 2012.
(2) CoNDeNseD FINANCIAl INFormAtIoN oF tHe CompANYs mAJor CoNsolIDAteD suBsIDIArIes As oF AND For tHe YeAr
eNDeD DeCemBer 31, 2012 Is As FolloWs:
In millions of Korean Won
Name f subsaes Assets Labltes Sales(*2) Net ncme(*2)
H c sr, i. (*1) 21,907,264 18,867,513 3,541,681 432,014
H cr co., l. (*1) 11,252,264 9,059,973 2,525,635 191,329
H Rom com (*1) 3,670,360 2,487,134 3,116,629 99,384
H keFicO cororo (*1) 946,741 631,845 1,524,399 71,950
Hca (*1) 20,262,576 18,485,874 2,817,208 256,454
HMa 6,062,965 3,478,837 17,106,517 469,676
HMMc 2,743,127 1,548,297 5,310,664 399,834
HMMa 2,640,184 1,186,305 6,992,135 420,798
HMi (*1) 2,233,585 1,253,787 5,096,544 226,660
HMcis 876,788 601,754 3,900,218 219,958
Hac (*1) 895,104 468,638 3,426,476 87,167
HMca 742,880 590,751 2,325,213 28,334
HaOsvt 767,940 528,930 1,575,678 21,331
HMuk 422,809 378,326 1,290,656 7,418
FOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
NoTES To CoNSoLidATEd FiNANCiAL STATEMENTS
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ANNUAL REPORT 201282 83HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
(*) Based on the subsidiarys consolidated financial statements.
co f formo of h com mjor oo br of for h r dmbr 31, 2011 foow:
In millions of Korean Won
Name f subsaes Assets Labltes Sales Net ncme (lss)
H c sr, i. (*) 21,918,910 19,262,421 3,331,479 507,404
H cr co., l. (*) 10,851,934 8,855,251 2,408,325 238,648
H Rom com (*) 3,585,340 2,480,259 2,769,856 68,474
Hca (*) 15,788,141 14,368,216 1,481,226 145,639
HMa 5,712,084 3,006,242 14,229,624 494,472
HMMc 2,490,710 1,642,716 4,350,894 207,294
HMMa 2,555,982 1,248,197 6,199,652 314,284
HMi (*) 2,262,319 1,278,787 5,051,549 181,956
HMcis 1,016,579 954,235 3,373,468 126,317
Hac (*) 790,649 430,263 3,122,086 64,913
HMca 765,249 551,751 2,197,141 55,811
HaOsvt 672,550 552,360 1,477,433 (18,194)
HMuk 521,556 483,267 955,774 6,189
(3) tHe FINANCIAl stAtemeNts oF All suBsIDIArIes, WHICH Are useD IN tHe prepArAtIoN oF tHe CoNsolIDAteD FINANCIAl
stAtemeNts, Are prepAreD For tHe sAme reportINg perIoDs As tHe CompANYs.
(4) CHANges IN CoNsolIDAteD suBsIDIArIes
sbr w or x from ooo for h r d mbr 31, 2012 r foow:
Canes Name f subsaes descptn
i
H Moor dh gmbH
aqo
H Moor Fr sas
H aomob sr sas (Has)
H aor & pr saRl (Haap)
ge c kor, l.
H proo p, i.
pr h thr sro s co., l.
H proo p For, i.
H c ir com
H c i pr lm (Hci)
H Moor sor gmbH (HMsg)
ao For-nh a sro s com
HB h thr sro s com
H keFicO cororo
c rokeFicO aomo sm (Bj) co., l.
keFicO vietnaM cOMpany liMited
ex
H aomob sr sas
MrrH aor & pr saRl
ge c kor, l.
p r h F r s r o s c o., l . d o o
FOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
NoTES To CoNSoLidATEd FiNANCiAL STATEMENTS
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ANNUAL REPORT 201284 85HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
2. summArY oF sIgNIFICANt ACCouNtINg polICIes:
th com m off o ror kor Wo rr oo f m oform wh kor
or rqrm kor iro F Ror sr (k-iFRs), kor (H). aor, h o-
o f m r for b ho who r form bo k-iFRs kor r. th om oo
f m h b o, rrr r o eh wh r x ro from kor
oo f m. cr formo kor oo f m, b o rqr for fr
ro of h gro oo m of f oo, om, omrh om, h hrhor q or h
fow, o r h om oo f m.
(1) BAsIs oF CoNsolIDAteD FINANCIAl stAtemeNts preseNtAtIoN
th gro h rr h oo f m or wh k-iFRs for h r o b o Jr 1, 2011.
th f o o for h rro of h oo f m r mmr bow. th o
o r o wh ho o h oo f m for h r dmbr 31, 2011, x for h oo
ff of k-iFRs 1107 k-iFRs 1001.
1) NEW STANDARDS THAT HAVE BEEN APPLIED FROM THE YEAR BEGINNING ON JANUARY 1, 2012 ARE AS FOLLOWS:
- K-IFRS 1107(Amendment): Financial Instruments: Disclosures
th gro o h r of h rfrr , h r of h r rwr of owrh o whh h gro xo, h
rr mo of h rfrr h o b ohr rqrm for h of rfrr f
h r o r o hr r or wh h mm o k-iFRs 1107.
- K-IFRS 1001(Amendment): Presentation of Financial Statements
th gro h h ro of h or om b o of mr x from
or wh h mm o k-iFRs 1001. th gro w rqr o h m of h mm rro, h h
oo m of om for h r dmbr 31, 2011 r or.
2) NEW STANDARDS THAT HAVE BEEN ISSUED BUT ARE NOT YET EFFECTIVE FOR THE YE AR BEGINNING ON JANUARY 1, 2012 AND THAT HAVE
NOT BEEN APPLIED EARLIER BY THE GROUP ARE AS FOLLOWS:
- K-IFRS 1001(Amendment): Presentation of Financial Statements
th mm o k-iFRs 1001 rqr h ohr omrh om h b r f b m o o b rf
bq o rof or o m o b rf bq o rof or o. th mm o k-iFRs 1001 r ff for
ro b o or fr J 1, 2012.
- K-IFRS 1019(Amendment): Employee Benefits
th mm o k-iFRs 1019 rqr h roo of h f bf obo fr of wh h
or, h m h orror roh rm r h ro ro of k-iFRs 1019 r h roo of
r o. ir om o h r o o h f bf obo. th mm o
k-iFRs 1019 r ff for ro b o or fr Jr 1, 2013.
- K-IFRS 1032(Amendment): Financial Instruments: Presentat ion
th mm o k-iFRs 1032 rf x o r o h off of f f b rqrm.
th gro rh of -off m o b o o fr b forb m r h or ro of h
rm; h of f, o or br of h or h orr w h orr or of b-
. th mm o k-iFRs 1032 r ff for ro b o or fr Jr 1, 2014.
- K-IFRS 1107(Amendment): Financial Instruments: Disclosures
th mm o k-iFRs 1107 rqr or bo off f f b. th mm o k-iFRs 1107
r ff for ro b o or fr Jr 1, 2013.
- K-IFRS 1110(Enactment): Consolidated Financial Statements
k-iFRs 1110 ro b o r m oro wh hr m: () owr or , (b) xor, or r h, o rb
rr from om wh h , () h b o owr or h o ff h mo of h or
rr. k-iFRs 1110 ff for ro b o or fr Jr 1, 2013.
- K-IFRS 1111(Enactment): Joint Arrangements
k-iFRs 1111 f jo rrm of whh wo or mor r h jo oro o wo , jo oro jo r
o h rh obo of h r o h rrm. if h gro jo oror, h gro o ro ,
b, r x rooro o m f h gro jo r, h gro o o for h -
m h q mho o. k-iFRs 1111 ff for ro b o or fr Jr 1, 2013.
- K-IFRS 1112(Enactment): Disclosure of Interests in Other Entities
k-iFRs 1112 h r whh r qr or of h h r br, o, jo rrm or
oo rr . k-iFRs 1112 ff for ro b o or fr Jr 1, 2013.
- K-IFRS 1113(Enactment): Fair Value Measurement
k-iFRs 1113 bh or of for fr mrm or bo fr mrm. th r
f fr , bh frmwor for mr fr , rqr or bo fr mrm. k-iFRs 1113
ff for ro b o or fr Jr 1, 2013.
th gro o o h h r rfrr bo w h f ff o h gro oo f m
om o.
3) PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS
th gro h h ro of or om or wh h mm o k-iFRs 1001 r om
oo m of om for h r dmbr 31, 2011 o ro omr formo for h ro or.
a r of h h o o, ohr om of 1,231,360 mo ohr x of 988,336 mo for h r
dmbr 31, 2012 ohr om of 1,030,593 mo ohr x of 983,945 mo for h r dmbr 31, 2011, whh
h or om or o h r bfor mm, x from h or om. th or om for h
r dmbr 31, 2012 2011 r b 243,024 mo 46,648 mo, r. i o, r h fow r
from f r r o b or wh k-iFRs 1007. th om oo m of
h fow for h r dmbr 31, 2011w r o ro omr formo.
sh h ro of oo f m h o ff o h of dmbr 31, 2012 2011, rof
h fow for h r h .
(2) BAsIs oF meAsuremeNt
th oo f m h b rr o h hor o b x ohrw h o o bow.
Hor o mr h fr of h oro o qr h .
FOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
NoTES To CoNSoLidATEd FiNANCiAL STATEMENTS
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ANNUAL REPORT 201286 87HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS
(3) BAsIs oF CoNsolIDAtIoN
th oo f m oror h f m of h com ( ro ) o-
ro b h com (or br). coro h owr o or h f or o of o o ob bf
from .
iom x of br qr or o of r h ro r h oo m of omrh om
from h ff of qo o h ff of o, ror. Wh r, jm r m o h f-
m of br o br hr o o o wh ho b h com. a r-ro ro, b,
om x r m f o ooo. no-oro r r r h oo m of f
oo wh q, r from h q of h owr of h com. th rr mo of o-oro r o of h
mo of ho o-oro r h roo h h hr of h o-oro r q h
of h qo. to omrh om rb o h owr of h com o h o-oro r f h
o-oro r h f b.
ch h gro owrh r br, who o of oro, r o for q ro. th rr
mo of h gro r h o-oro r r j o rf h h hr r r h br.
a ffr bw h mo b whh h o-oro r r j h fr of h oro or r
ro r q rb o owr of h gro.
Wh h gro o oro of br, h rof or o o o h ffr bw () h r of h fr
of h oro r h fr of r r () h ro rr mo of h ( oo-
w), b of h br o-oro r. Wh of h br r rr r mo or fr
h r m or o h b ro ohr omrh om m q, h mo ro
ro ohr omrh om m q r o for f h gro h r o of h r
(.. rf o rof or o or rfrr r o r r f b b k-iFRs). th fr of m
r h formr br h wh oro o rr h fr o roo for bq o
r k-iFRs 1039 F irm: Roo Mrm or, wh b, h o o roo of m
o or jo oro .
(4) BusINess ComBINAtIoN
aqo of b r o for h qo mho. th oro rfrr b ombo mr
fr , whh h m of h qo- fr of h rfrr b h gro, b rr b h
gro o h formr owr of h qr h q r b h gro xh for oro of h qr. th or-
o or b r from o oro rrm mr fr . aqo-r o
r ro rof or o rr. Wh b ombo h , h gro ro h q r h
qr rmr fr h qo (.. h wh h gro ob oro) h r or o, f ,
ro rof or o. pror o h qo , h mo r from h h of q r h qr
h h ro b ro ohr omrh om r rf o rof or o whr h rm wo b ror
f h r wr r o of.
(5) reVeNue reCogNItIoN
1) SALE OF GOODS
th gro ro r from of oo wh of h foow oo r f:
h gro h rfrr o h br h f r r wr of owrh of h oo; h mo of r b mr
rb;
robb h h oom bf o wh h ro w fow o h gro
th gro r wr r whh h omr rm for wr h fr or o oo or r. th fr of h
wr r m b or h fr of h oo r, h x r ro of oo. th fr of h o-
ro r or rb from h omr o o wr r ro. th oro o o h wr
r frr ro r wh h wr r r rm h gro obo h b ff.
2) RENDERING OF SERVICES
th gro ro r from rr of r b o h r of omo wh h mo of r b mr
rb robb h h oom bf o wh h ro w fow o h gro.
3) ROYALTIES
th gro ro r from ro o r b or wh h b of h r rm.
4) DIVIDEND AND INTEREST INCOME
R r from r ro wh h rh o r m bh. ir om ro h ff
r mho m .
5) CONSTRUCTION CONTRACTS
Whr h oom of oro or b m rb, h or r or o o wh h or-
o or r ro r x, r b rfr o h of omo of h or h of
ror ro.
th r of omo of or rb mr b o h rooro of or o rr for wor rform o
r o h m o or o, b r of wor rform or b omo of h rooro of h or wor.
vro or wor, m m r o h x h h mo b mr rb r
or robb. Whr h oom of oro or o b m rb, or r ro o h x of
or o rr h robb w b rorb. cor o r ro x h ro whh h r rr.
Wh robb h o or o w x o or r, h x o ro x mm.
(6) ForeIgN CurreNCY trANslAtIoN
th f m of h h gro r mr r h rr of h rmr oom rom
whh h or ( fo rr).
i rr h f m of h , ro orr rr ohr h hr fo rr (for
rr) r ror h xh r o h of h ro. a h of h ror ro, mor m om-
for rr r r h xh r h ror ro. no-mor m h r mr rm of
hor o for rr r r h xh r h of h ro. no-mor m h r mr
fr for rr r r h xh r h wh h fr w rm. exh ffr
r from m of or b ro of mor m om for rr r ro rof or
o h ro whh h r x for om xo.
For h ro of r h oo f m, b h gro for oro r r o Wo,
h xh r h of ror ro. iom x m r r h r xh r for h ro,
h xh r r h ro h f f, whh h xh r h of h r o r .
th xh ffr r, f , r ro q ohr omrh om. O h o of for oro, h
m mo of h xh ffr r o h for oro rf from q o rof or o wh h or o
o o ro. a oow r o h qo of for oro fr jm o h rr mo of
b r o h qo of h for oro r r b of h for oro r
h xh r h of ror ro.
For xh or o r f ohr or om (x) or f om (x) b h r of h ro
or .
FOR tHe yeaRs ended deceMBeR 31, 2012 and 2011
NoTES To CoNSoLidATEd FiNANCiAL STATEMEN
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