Kia Motors Chapter 3

KIA Motors Financial Summary:
Kia Motors Corporation today announced its first-quarter business results for 2020, reporting a 1.9 percent year-
on-year decrease in quarterly global vehicle sales.
The company sold a total of 648,685 vehicles on a wholesale basis in the January-March period, compared with
661,355 units a year earlier, as demand in Korea helped mitigate negative impact from the spread of COVID-19
in markets such as China and Europe. Sales in Korea increased to 116,739 units, up 1.1 percent year over year,
while sales outside Korea slid 2.6 percent to 531,946 units.
Kia Motors recorded quarterly sales revenue of KRW 14.57 trillion, 17.1 percent higher than the KRW 12.44
trillion reported for the same period in 2019. Favorable exchange rates, improved product mix as well as strong
performance of key models such as Telluride and Seltos SUVs contributed to higher revenue.
Operating profit in the first quarter dropped 25.2 percent year-on-year to KRW 444.5 billion, compared with
KRW 594.1 billion a year earlier, during which time a one-off item helped boost profits.
For the three months ended 31 March 2021, Kia Corprevenues increased 14% to W16.582T. Net income
increased from W265.97B to W1.035T. Revenues reflect finished car segment increase of 12% to W14.559T,
Other segment increase of 30% to W2.022T, Domestic segment increase of 23% toW4.938T, Europe segment
increase of 15% to W4.723T. Net income benefited from Gain on Investment in Affiliates increase from
W16.46B to W188.7B (income).
1. Profit and Loss Account of KIA Motors in Rs. Cr. (MARCH 2021)
INCOME
Revenue from operations 108,380.26
Other income 93.01
Total Income 108,473.27
Expenses
Cost of materials consumed 88,846.13
Purchases of stock-in-trade 900.68
Changes in inventories of finished goods, work-in-progress and
-5,698.83
stock-in-trade
Employee benefit expense 2,520.83
Finance costs 2,088.96
Depreciation, depletion and amortization expense 4,381.41
Other expenses 18,729.49
Total Expenses 111,768.67
Profit before exceptional items and tax -3,295.4
Total profit before tax -3,295.4
Tax Expense
Total tax expense 0
Total profit (loss) for period from continuing operations -3,295.4
Total profit (loss) for period -3,295.4
Comprehensive income OCI components presented net of tax
Other comprehensive income net of tax
Other comprehensive income, net of tax, gains (losses) on
-9.33
remeasurements of defined benefit plans
Total other comprehensive income that will not be reclassified
-9.33
to profit or loss, net of tax
Total other comprehensive income that will be reclassified to
0
profit or loss, net of tax
Total other comprehensive income -9.33
Other comprehensive income attributable to net of tax
Other Comprehensive income, attributable to owners of parent 0
Other Comprehensive income, attributable to non-controlling
0
interests
Total comprehensive income -3,304.73
Comprehensive income attributable to net of tax
Comprehensive income, attributable to owners of parent 0
Comprehensive income, attributable to non-controlling interests 0
Other comprehensive income before tax
Total other comprehensive income -9.33
Other comprehensive income attributable to
Other Comprehensive income, attributable to owners of parent 0
Other Comprehensive income, attributable to non-controlling
0
interests
Total comprehensive income -3,304.73
2. Balance Sheet of KIA Motors in RS. Cr. (MARCH 2021)
Equity & Liabilities

Equity share capital 43603.33
Other equity -5926.64
Non-current liabilities
Financial liabilities
Borrowings 54162.19
Trade payables 0
Other financial liabilities 571.3
Provisions 687.29
Deferred tax liabilities (net) 0
Other liabilities 9218.7
Current liabilities
Financial liabilities
Borrowings 9196.36
Trade payables 29864.94
Other financial liabilities 8122.83
Provisions 168.53
Current tax liabilities (net) 0
Other liabilities 32941.54
Liabilities associated with assets in disposal group 0
Regulatory deferral account credit balances 0
Total liabilities 106989
Total equity and liabilities 14,466.61

Assets
Non-current assets
Property plant and equipment 73334.97
Capital work in progress 10638.95
Investment property 0
Goodwill 0
Intangible assets 1495.48
Intangible assets under development 131.02
Financial assets
Investments 0
Trade receivables 0
Loans 0
Other financial assets 3774.4
Deferred tax assets (net) 5379
Other assets 1684.26

Current assets
Inventories 2590.135
Financial assets
Investments 0
Trade receivables 8981.24
Cash and cash equivalents 8944.45
Other bank balances with banks 96.5
Loans 0
Other financial assets 144.27
Current tax assets 0
Other assets 1296.932
Noncurrent assets held for sale 0
Regulatory deferral account debit balances 0
Total assets 14,466.61
3. Ratio and Interpretation of KIA Motor in Rs. Cr. (MARCH 2021)
Total Debt/Equity Ratio 2.02

Total Debt/Total Assets Ratio 0.53
Total Assets/Equity Ratio 3.84
Quick Ratio 0.35
Current Ratio 1.12
Interest Coverage Ratio -0.58
Gross Margin 22.45
Net Margin -3.04
Return on Fixed Assets -3.85
Return on Equity -8.75
Return on Capital Employed -1.31
Total Asset Turnover 0.75
Fixed Asset Turnover 1.27
Days Receivables Outstanding 30.00
Days Payables Outstanding 129.00
Days of Inventory 112.00
4. CSR (Corporate Social Responsibility) of KIA Motors

I. CSR ROAD MAP:
The detailed CSR Road map shall be prepared by the CSR Committee with support from Compliance
Department
II. CSR PROGRAMS:
a. KMI shall undertake the following activities in compliance with Schedule VII of the Companies
Act, 2013.
 Health and Nutrition
 Poverty
 Education
 Community empowerment
b. The Compliance Department shall identify key CSR programs and suggest specific activities
relating to the Programs given in above to the CSR committee, who shall then decide and finalize
the activities as it may deem fit and recommend it to the Board for approval.
c. In addition to above, KMI can contribute to any fund set up by the Central Government or State
government qualifying for CSR expenditure and/or providing support during natural disasters.

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KIA Motors Financial Summary:

Equity & Liabilities

Total Debt/Equity Ratio 2.02

4. CSR (Corporate Social Responsibility) of KIA Motors

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