2012 hmc ar final

8/13/2019 2012 HMC AR Final

1/79

HYunDAI MotoR CoMpAnY

ANNUAl rEport 2012

8/13/2019 2012 HMC AR Final

2/79

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

8/13/2019 2012 HMC AR Final

3/79

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.

8/13/2019 2012 HMC AR Final

4/79

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.

8/13/2019 2012 HMC AR Final

5/79

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

8/13/2019 2012 HMC AR Final

6/79

8/13/2019 2012 HMC AR Final

7/79

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 .

8/13/2019 2012 HMC AR Final

8/79

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.

8/13/2019 2012 HMC AR Final

9/79

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

8/13/2019 2012 HMC AR Final

10/79

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

8/13/2019 2012 HMC AR Final

11/79

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.

8/13/2019 2012 HMC AR Final

12/79

ANNUAL REPORT 201220 21HYUNDAI MOTOR COMPANY AND SUBSIDIARIES FINANCIAL STATEMENTS

8/13/2019 2012 HMC AR Final

13/79

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

8/13/2019 2012 HMC AR Final

14/79

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

8/13/2019 2012 HMC AR Final

15/79

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

8/13/2019 2012 HMC AR Final

16/79


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

8/13/2019 2012 HMC AR Final

17/79

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

8/13/2019 2012 HMC AR Final

18/79


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)


8/13/2019 2012 HMC AR Final

19/79


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


8/13/2019 2012 HMC AR Final

20/79


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


8/13/2019 2012 HMC AR Final

21/79

8/13/2019 2012 HMC AR Final

22/79

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

8/13/2019 2012 HMC AR Final

23/79


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


8/13/2019 2012 HMC AR Final

24/79

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


8/13/2019 2012 HMC AR Final

25/79

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


8/13/2019 2012 HMC AR Final

26/79

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

8/13/2019 2012 HMC AR Final

27/79

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

8/13/2019 2012 HMC AR Final

28/79


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


8/13/2019 2012 HMC AR Final

29/79

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


8/13/2019 2012 HMC AR Final

30/79


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


8/13/2019 2012 HMC AR Final

31/79


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.


8/13/2019 2012 HMC AR Final

32/79

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


8/13/2019 2012 HMC AR Final

33/79

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.

8/13/2019 2012 HMC AR Final

34/79


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


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

8/13/2019 2012 HMC AR Final

35/79

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


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).

8/13/2019 2012 HMC AR Final

36/79


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

8/13/2019 2012 HMC AR Final

37/79


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.


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

8/13/2019 2012 HMC AR Final

38/79


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


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



8/13/2019 2012 HMC AR Final

39/79



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


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


CoNSoLidATEd STATEMENTS oF ChANgES iN ShArEhoLdErS EQUiTY

Continued


8/13/2019 2012 HMC AR Final

40/79



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)


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


CoNSoLidATEd STATEMENTS oF CASh FLoWS

Continued


8/13/2019 2012 HMC AR Final

41/79


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%


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%


NoTES To CoNSoLidATEd FiNANCiAL STATEMENTS

Continued

Continued

8/13/2019 2012 HMC AR Final

42/79



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:


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



8/13/2019 2012 HMC AR Final

43/79


(*) Based on the subsidiarys consolidated financial statements.

co f formo of h com mjor oo br of for h r dmbr 31, 2011 foow:


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



8/13/2019 2012 HMC AR Final

44/79


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 .



8/13/2019 2012 HMC AR Final

45/79


(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 .


NoTES To CoNSoLidATEd FiNANCiAL STATEMEN

2012 hmc ar final

Documents