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Notification and Details of the Convocation of Annual General Meeting of Shareholders

2008.03.04 No. 533

 

2007

2006

I.Current assets

89,212

80,430

    1.Quick Assets

74,722

68,234

    2.Inventories

14,490

12,196

II.Non-current assets

206,658

183,870

    1.Investments

90,794

71,484

    2.Tangibles

97,211

94,655

    3.Intangibles

13,811

11,186

    4.Other Non-current Assets

4,842

6,545

Total assets

295,869

264,300

I.Current liabilities

70,560

63,337

II.Non-current liabilities

43,283

40,454

Total liabilities

113,843

103,791

I. Capital stock

14,870

14,849

II. Capital stock surplus

54,399

54,090

III. Capital adjustments

(7,189)

(7,070)

IV. Accum. other comprehensive income

5,481

(2,266)

V. Retained earnings

114,465

100,905

   Total shareholders’ equity

182,026

160,508

Total liabilities and shareholders’ equity

(Debt Ratio)

295,869

 

(62.5%)

264,300

 

(64.7%)

 

(2) Statement of Income                           

                                           (Unit: 100 Million Won)

 

2007

2006

1. Sales

304,891

273,354

2. Cost of sales

246,388

224,086

3. Gross profit

58,503

49,268

4. Selling and administrative expenses

40,353

36,923

5. Operating income

18,150

12,344

6. Other income

14,591

18,589

7. Other expenses

10,520

12,075

8. Income before income tax expense

22,220

18,859

9. Income tax expense

5,396

3,598

10. Net income

16,824

15,261

 

(3) Statement of Appropriations of Retained Earnings

            

(Unit: 100 Million Won)

 

2007

2006

 I. Unappropriated retained earnings

16,339

15,454

   1. Beginning of year

25

372

   2.Change in retained earnings using

the equity method

(510)

(178)

   3.Net income

16,824

15,261

 II. Appropriation of retained earnings

16,286

15,430

   1.Legal reserve

276

276

   2.Reserve for research development

5,500

5,000

   3.Reserve for technology development

7,750

7,400

   4.Dividends

2,760

2,754

 

(Details of cash dividends amount & rate)

 

FY 40th :

Common shares            KRW1,000 (20%)

Class 1 preferred shares KRW1,050 (21%)

Class 2 preferred shares KRW1,100 (22%)

Class 3 preferred shares KRW1,050 (21%)

 

FY 39th :

Common shares            KRW1,000 (20%)

Class 1 preferred shares KRW1,050 (21%)

Class 2 preferred shares KRW1,100 (22%)

Class 3 preferred shares KRW1,050 (21%)

 

 

 

 III.Unappropriated retained earnings, end of year

53

25

Name

Date of Birth

Major Career

Transactions with company

Relationship with Major Shareholder

Recommended by

Mong Koo

Chung

1938-03-19

Honorary Chairman of the bidding  committee for the 2012 Yosu Expo

n/a

Director

BOD

Chairman of HMC (current)

Name

Date of Birth

Major Career

Transactions with company

Relationship with Major Shareholder

Recommended by

Kwang Nyun

Kim

1939-09-04

Member of mediation committee, Seoul Central District Court (current)

n/a

The outside director of an affiliate company (Hyundai Motor)

Outside Director Nominee Recommendation Committee

Lawyer, Sam-Han law firm (current)

Year

Number of BOD

Limit of remuneration

2007

9 persons

10 billion Korean Won

2008

9 persons

10 billion Korean Won

Date of Meeting

Agenda

Name of External Directors (attendance rate)

Kwang Nyun Kim

(100%)

Dong Gee Kim

(100%)

Il Hyung Kang

(66.7%)

Young Chul Yim

(66.7%)

Seon

Lee

(83.3%)

Park

Byung Il

(100%)

For & Against

The 1st General Meeting of BOD

January 25 2007

1. Approval of 2006 Financial statements.

 

2. Approval of 2006 Annual Report

 

3. Approval of 2007 Business Plan and Investment Plan

4. Approval of Convocation of the 39th

General Meeting of Shareholders and

the Agenda


5. Approval of Transaction Limit with Major Shareholders and others


6. Approval of Issuance Limit of Corporate Bonds

 

7. Approval of guarantee on overseas subsidiary : KRW 200 million

(HMA)

For

For

n/a

n/a

n/a

For

The 1st  Extra-ordinary Meeting of BOD

March 09 2007

1. Approval of appointment of Representative director

(BOD Dong Jin Kim)

 

2.Approval of appointment of outside director nomination committee member (BOD Dong Jin Kim / BOD Dong Gee Kim)

 

3. Approval of

Holding of more than one position in like or similar industry (BOD Dong Jin Kim)

 

4. Approval of establishment of Ethics Committee

 

For

For

For

For

For

n/a

The 2nd Extra-ordinary Meeting of BOD

March 30 2007

1. Approval of issuance of Corporate Bond (total value of bond KRW 300 billion)

 

For

For

Absence

Absence

Absence

n/a

The 2nd General Meeting of BOD

May 02 2007

1.Approval of composition of Ethics Committee

 

2. Approval of guarantee on overseas subsidiary : USD 400 million

(HMFC)

 

3. Approval of overseas investment

 

4. Approval of overseas investment

For

For

For

For

For

n/a

The 3rd

General Meeting of BOD

July 26 2007

1. Approval of guarantee on overseas subsidiary : USD 100 million

(HMMA)

 

2. Approval of change in BOD rules

 

3. Approval of Del egation to CEO

 

4. Approval of change in Audit Committee rules

 

For

For

For

For

For

n/a

The 3rd

Extra-ordinary Meeting of BOD

September 20 2007

1. Approval of purchase of treasury stock

 

2. Approval of disposal of treasury stock

 

3. Approval of transaction with affiliated company and others

 

For

For

Absence

Absence

For

n/a

The 4th  General Meeting of BOD

October 24 2007

1. Approval of Method of grant  according to the exercise of Stock Option

 

2. Approval of transaction with affiliated company and others

 

3. Approval of equity investment in major shareholder and others

 

4. Approval of appointment of manager

For

For

For

For

For

n/a

Committee

Member

Details of activity

Date of meeting

Agenda

Results

Outside Director
Nominee Recommendation
Committee

Kwang Nyun Kim

Dong Gee Kim

2007

02-08

1. Recommendation of candidate for outside director

 

2. Recommendation of candiate for outside director to be a member of Audit Committee

Approval of original proposal

Audit Committee

Kwang Nyun Kim

Dong Gee Kim

Byung Il Park

2007

01-25

1. Report of 2006 Financial Results and Annual Report

 

2. Report of 2006 evaluation of management of internal Audit system

 

3. Report of appointment external auditor

Approval of original proposal

2007

05-02

1. Report of 1Q 2007 Business results

 

2. Report of contract of non-audit work by external auditor

Approval of original proposal

200

07-26

1. Report of 1H 2007 Business Results

 

2. Report of evaluation of management of internal Audit system

Approval of original proposal

2007

10-24

1. Report of 3Q 2007 Business Results

Approval of original proposal

 

# of

persons

Approval amount

from AGM

Total

Payment

Average

payment

per

person

remarks

Outside Director

5 persons

10,000

433

87

 

* Byung Il Park, Outside director : resigned as of

March 08, 2007

 

* Il Hyung Kang, Young Chul Yim, and Seon Lee (3 persons), Outside directors : appointed as of March 09, 2007

 

 

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