1. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Financial Statements
(Unaudited)
September 30, 2013
(With Independent Auditors’ Review Report Thereon)

2. Contents
Page
Independent Auditors’ Review Report
1
Condensed Consolidated Interim Statements of Financial Position
3
Condensed Consolidated Interim Statements of Comprehensive Income
5
Condensed Consolidated Interim Statements of Changes in Equity
8
Condensed Consolidated Interim Statements of Cash Flows
10
Notes to the Condensed Consolidated Interim Financial Statements
11

3. Independent Auditors’ Review Rep
t
R
port
(Bas on a report originally issued in Ko
sed
orean)
ors
eholders
The Board of Directo and Share
a
vices, Inc.:
Hyundai Capital Serv
ts
Reviewed Financial Statement
e
ensed consolidated interi financial statements of Hyundai
the
anying conde
im
We have reviewed t accompa
e
he
c.
mprise the condensed consolidated
o
o
Capital Services, Inc and its subsidiaries (th “Group”), which com
mber 30, 201 the cond
ial
a
13,
densed consolidated statements of
t
statement of financi position as of Septem
e
ome for the three-month and nine-month period endeds September 30, 2013, the
t
p
comprehensive inco
h
dated statem
ments of changes in equ and cash flows for the nine-month period
uity
h
o
condensed consolid
s
mprising a summary of significant accounting policies and
30,
o
ended September 3 2013, and notes, com
formation.
other explanatory inf
x
sponsibility
Management’s Res
e
tion and fair presentation of these condensed consolidated
n
o
o
ponsible for the preparat
Management is resp
e
e
n
tements in accordance with Korean International Financial Reporting Standards (“Kw
interim financial stat
,
ch
ontrol as management determines
a
erim Financia Reporting, and for suc internal co
al
IFRS”) No.1034 Inte
nsolidated in
nterim financial statements that are
n
ble
aration of condensed con
is necessary to enab the prepa
s
ue
o
t,
free from material misstatement whether du to fraud or error.
m
m
ty
Auditors’ Review Responsibilit
r
R
hese conden
dated interim financial statements
m
nsed consolid
s
Our responsibility is to issue a report on th
p
w.
based on our review
dards for Quarterly & Semiannual
u
eview Stand
accordance with the Re
We conducted our review in a
n
curities and Futures Com
mmission of the Republic of Korea.
c
s
d
Financial Statements established by the Sec
nsists of making inquiries, primarily of persons responsible
e
ormation con
A review of interim financial info
w
er
tical and othe review procedures. A review is
for financial and accounting matters, and applying analyt
n
onducted in accordance with auditing standards generally
n
s
n
substantially less in scope than an audit co
t
sequently do not enab us to obtain assurance that we
ble
t
c
oes
public of Kor and cons
rea
accepted in the Rep
ers
ed
d
ht
re
would become awar of all significant matte that migh be identifie in an audit. Accordingly, we do
t
not express an audit opinion.
r
Conclusion
s
e
t
s
e
g
Based on our review, nothing has come to our attention that causes us to believe that the
nterim financial stateme
ents referred to above are not
e
e
densed consolidated in
accompanying cond
a
nce
4
a
r
FRS No.1034 Interim Financial Reporting.
s,
erial respects in accordan with K-IF
prepared, in all mate
d

4. ABCD
Other Matters
The condensed consolidated interim statements of comprehensive income for the three-month and
nine-month periods ended September 30, 2012 and changes in equity and cash flows for the ninemonth period ended September 30, 2012, presented for comparative purposes, were reviewed by
Samil Accounting Corp. and their review report thereon, dated November 8, 2012, expressed that
nothing had come to their attention that caused them to believe that the condensed consolidated
interim financial statements as of and for the nine-month period ended September 30, 2012 were not
prepared, in all material respects, in accordance with K-IFRS. However, as discussed in note 2 to the
condensed consolidated interim financial statements, from the annual period for the year ended
December 31, 2012, the Group adopted the amendment to K-IFRS No.1001, ‘Presentation of Financial
Statement.’ and K-IFRS No.1019, ‘Employee Benefits.’ The Group applied this change in accounting
policies retrospectively, and accordingly restated the comparative information of the condensed
consolidated interim statement of comprehensive income for the three-month and nine-month periods
ended September 30, 2012.
The consolidated statement of financial position of the Group as of December 31, 2012, and the
related consolidated statements of comprehensive income, changes in equity and cash flows for the
year then ended, which are not accompanying this report, were audited by Samil Accounting Corp. in
accordance with auditing standards gene rally accepted in the Republic of Korea and their report
thereon, dated March 19, 2013, expressed an unqualified opinion. The accompanying consolidated
statement of financial position of the Group as of December 31, 2012, presented for comparative
purposes, is not different from that audited by other auditors in all material respects, except for the
effects of changes in accounting policies discussed in note 2 to the condensed consolidated interim
financial statements.
We have not performed a review, audit or any other attestation on the accompanying condensed
consolidated statement of financial position of the Group as of December 31, 2012, including changes
in accounting policies described in note 2, and accordingly it is not included in the scope of our review.
The procedures and practices utilized in the Republic of Korea to review such condensed consolidated
interim financial statements may differ from those generally accepted and applied in other countries.
Accordingly, this report and the accompanying condensed consolidated interim financial statements
are for use by those knowledgeable about Korean review standards and their application in practice.
KPMG Samjong Accounting Corp.
Seoul, Korea
November 12, 2013
This report is effective as of November 12, 2013, the review report date. Certain subsequent events
or circumstances, which may occur between the review report date and the time of reading this
report, could have a material impact on the accompanying condensed consolidated interim financial
statements and notes thereto. Accordingly, the readers of the review report should understand that
the above report has not been updated to reflect the impact of such subsequent events or
circumstances, if any.

5. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Statements of Financial Position
As of September 30, 2013 and December 31, 2012
(Unaudited)
(In millions of won)
September 30,
2013
Notes
December 31,
2012
Assets
Cash and due from banks
Cash and cash equivalents
Due from banks
6,23
Securities
Available-for-sale securities
Investments in associates
3
6
W
23,198
102,632
125,830
3,755,497
(33,207)
16,517
(277)
3,738,530
4,5,6,7
Lease receivables
Finance lease receivables
Cancelled lease receivables
12,381,225
(312,829)
12,068,396
11,047
(276)
3,820,745
Installment financial assets
Auto installment financing receivables
Allowance for loan loss
Mortgage installment financing
receivables
Allowance for loan loss
20,283
98,796
119,079
12,410,388
(311,902)
12,098,486
4,5,6,7
1,302,161
12
1,302,173
3,843,556
(33,582)
Loans receivable
Loans receivable
Allowance for loan loss
1,214,074
15
1,214,089
4,5,6,7
2,970,244
640
2,970,884
Leased assets
Operating leased assets
Cancelled leased assets
2,804,929
493
2,805,422
1,064,188
3,655
1,067,843
Property and equipment, net
Other assets
Intangible assets
Non-trade receivables
Allowance for loan loss
Accrued revenues
Allowance for loan loss
Advance payments
Prepaid expenses
Leasehold deposits
Derivative assets
248,385
5
9
6
6
6
6,13
Total assets
W
323,478
62,076
103,050
(3,440)
108,717
(14,797)
43,515
64,411
30,031
24,337
417,900
8
1,123,049
4,230
1,127,279
64,163
117,837
(3,890)
116,330
(14,850)
19,846
57,438
31,117
34,915
422,906
21,964,162
21,907,263
See accompanying notes to the condensed consolidated interim financial statements.
3

6. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Statements of Financial Position, Continued
As of September 30, 2013 and December 31, 2012
(Unaudited)
(In millions of won)
September 30,
2013
Notes
December 31,
2012
Liabilities
Borrowings
Borrowings
Bonds
6,10
1,912,304
14,873,478
16,785,782
2,213,252
14,802,390
17,015,642
305,602
157,583
44,006
30,656
48,814
19,720
727,827
55,530
2,006
386,881
1,778,625
18,564,407
340,436
159,742
51,832
38,343
70,888
12,988
812,975
59,899
2,017
302,750
1,851,870
18,867,512
496,537
496,537
369,339
38,200
407,539
369,339
38,200
407,539
3,388
1,002
(1,669)
(2,540)
13
2,500
2,125
14
(1,214)
(12,590)
(9,585)
2,505,185
(872)
(13,147)
(13,432)
2,148,998
3,399,676
79
3,399,755
3,039,642
109
3,039,751
21,964,162
21,907,263
W
Other liabilities
Non-trade payables
Accrued expenses
Unearned revenue
Withholdings
Income Taxes Payable
Defined benefit liability
Leasehold deposits received
Deferred income tax liabilities
Provisions
Derivative liabilities
6
6
6
11
6
12
6,13
Total liabilities
Equity
Issued capital
Capital surplus
Paid-in capital in excess of par value
Other share premium
Accumulated other comprehensive income
and loss
Unrealized gain on valuation of availablefor-sale securities
Accumulated comprehensive loss of
equity method investees
Unrealized gain on valuation of
derivatives
Cumulative effect of overseas operation
translations
Loss on actuarial valuation
22
Retained earnings
Total equity attributable to owners
of the Company
Non-controlling interests
Total equity
Total liabilities and equity
W
See accompanying notes to the condensed consolidated interim financial statements.
4

7. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Statements of Comprehensive Income
For the three and nine-month periods ended September 30, 2013 and 2012
(Unaudited)
(In millions of won, except earnings
per share information)
Notes
2013
Threemonth
period
ended
2012
Ninemonth
period
ended
Threemonth
period
ended
Ninemonth
period
ended
Operating revenue
Interest income
Interest on bank deposits
Other interest income
15
6,659
390
7,049
21,742
1,114
22,856
12,048
362
12,410
36,442
1,793
38,235
677
W
2,072
1,276
3,053
Gain on valuation and
disposal of securities
Income on loans
15,16
375,227
1,133,038
382,306
1,128,716
Income on installment
financial receivables
15,16
62,179
185,480
86,297
281,538
Income on leases
15,16
223,622
676,699
234,010
680,937
41,968
53,288
(4)
53,615
72,804
122,582
79,771
146,761
844
73,648
1,886
124,468
21,349
101,120
40,160
186,921
2,044
4,632
2,057
4,888
(286,316)
28,347
(13,028)
2,933
4,108
33,350
(248,858)
20,000
122,146
170,493
263
41,306
28,541
3,718
107,369
114,020
537,556
2,373,026
848,013
2,491,923
Gain (loss)on disposal of
loans
Gain on foreign currency
transactions
Gain on foreign exchanges
translation
Gain on foreign currency
transactions
Dividend income
Other operating income
Gain (loss) on valuation of
derivatives
Gain on derivatives
transactions
Others
Total operating revenue
17
W
See accompanying notes to the condensed consolidated interim financial statements.
5

8. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Statements of Comprehensive Income, Continued
For the three and nine-month periods ended September 30, 2013 and 2012
(Unaudited)
(In millions of won, except earnings
per share information)
Notes
2013
Threemonth
period
ended
2012
Ninemonth
period
ended
Threemonth
period
ended
Ninemonth
period
ended
Operating expenses
Interest expenses
15 W
(196,636)
(599,025)
(226,705)
(681,635)
Lease expenses
16
(125,977)
(377,024)
(130,888)
(383,634)
Provision for loss
5
(107,248)
(311,204)
(81,580)
(261,288)
286,670
(28,389)
12,857
(3,112)
(3,531)
283,139
(19,071)
(47,460)
(861)
11,996
(4,316)
(7,428)
(165,415)
(480,717)
(156,092)
(438,421)
(73,291)
(122,444)
(79,649)
(146,638)
(761)
(11,299)
(85,351)
(2,046)
(42,528)
(167,018)
(20,884)
(12,658)
(113,191)
(39,718)
(50,293)
(236,649)
(397,488)
(1,982,448)
(696,460)
(2,009,055)
140,068
390,578
151,553
482,868
Loss on foreign currency
transactions
Income (loss) on foreign
exchange translation
Loss on foreign currency
transactions
General and administrative
expenses
18
Other operating expenses
Loss on valuation of
derivatives
Loss on derivatives
transactions
Others
Total operating expenses
Operating income
Non-operating incomes
19
1,931
90,503
2,595
8,832
Non-operating expenses
19
(531)
(4,453)
(6,579)
(8,236)
141,468
476,628
147,569
483,464
(33,434)
(120,441)
(34,730)
(125,330)
W
108,034
356,187
112,839
358,134
W
108,034
108,034
356,187
356,187
112,839
112,839
358,134
358,134
Profit before income taxes
Income tax expense
Profit for the period
Profit for the period
attributable to:
Owners of the Company
Non-controlling interests
20
W
See accompanying notes to the condensed consolidated interim financial statements.
6

9. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Statements of Comprehensive Income, Continued
For the three and nine-month periods ended September 30, 2013 and 2012
(Unaudited)
(In millions of won, except earnings
per share information)
Notes
2013
Threemonth
period
ended
Other comprehensive
income(loss), net of
income taxes
Items that will not be
reclassified to profit or loss:
Gain(loss) on actuarial
valuation
Items that are or may be
reclassified subsequently to
profit or loss:
Net change in unrealized
fair value of available-forsale financial securities
Other comprehensive
income(expense) of equity
method investees
Net change in unrealized
fair value of derivatives
Effect of overseas
operation translations
Total other comprehensive
income (loss), net of
income tax
2012
Ninemonth
period
ended
Threemonth
period
ended
Ninemonth
period
ended
22
557
(1,748)
(2,702)
1,325
2,386
(4)
583
(2,403)
871
(7)
(677)
58,522
375
(19,796)
36,564
587
(342)
46
(397)
57,923
3,847
(21,509)
33,371
W
165,957
360,034
91,330
391,505
W
W
Total comprehensive
income for the period
Total comprehensive
income attributable to:
Owners of the Company
Non-controlling interests
Earnings per share
Basic and diluted earnings
per share
(108)
165,957
165,957
360,034
360,034
91,330
91,330
391,505
391,505
W
1,088
3,587
1,136
3,606
W
21
See accompanying notes to the condensed consolidated interim financial statements.
7

10. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Statements of Changes in Equity
For the nine-month periods ended September 30, 2013 and 2012
(Unaudited)
Issued
capital
(In millions of won)
Balances as of January 1, 2012
(Restated)
Total comprehensive income
(loss)
Profit for the period
Other comprehensive income
Net change in unrealized fair
value of available-for-sale
securities
Other comprehensive income
of equity method investees
Net change in unrealized fair
value derivatives
Effect of overseas operation
translations
Loss on actuarial valuation
Total comprehensive income for
the period
Balances as of September 30,
2012
W
Accumulated
other
comprehensive
loss
Capital
surplus
Total
Attributable
to Equity
holders of
the
Company
Retained
earnings
Noncontrolling
interests
Total
equity
407,539
(59,339)
1,811,642
2,656,379
109
2,656,488
-
-
-
358,134
358,134
-
358,134
-
-
583
-
583
-
583
-
-
(677)
-
(677)
-
(677)
-
-
36,564
-
36,564
-
36,564
-
-
(397)
(2,702)
-
(397)
(2,702)
-
(397)
(2,702)
-
W
496,537
-
33,371
358,134
391,505
-
391,505
496,537
407,539
(25,968)
2,169,776
3,047,884
109
3,050,993
See accompanying notes to the condensed consolidated interim financial statements.
8

11. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Statements of Changes in Equity, Continued
For the nine-month periods ended September 30, 2013 and 2012
(Unaudited)
Issued
capital
(In millions of won)
Balances as of January 1, 2013
(Restated)
W
496,537
Capital
surplus
Accumulated
other
comprehensive
loss
407,539
(13,432)
Total comprehensive income
(loss)
Profit for the period
Other comprehensive income
Net change in unrealized fair
value of available-for-sale
2,386
securities
Other comprehensive income
871
of equity method investees
Net change in unrealized fair
375
value derivatives
Effect of overseas operation
(342)
translations
Gain on actuarial valuation
557
Total comprehensive income for
3,847
the period
Transactions with owners
Liquidation of special purpose
entity
Balances as of September 30,
496,537
407,539
(9,585)
2013
W
See accompanying notes to the condensed consolidated interim financial statements.
9
Total
Attributable
to Equity
holders of
the
Company
Noncontrolling
interests
2,148,998
3,039,642
109
3,039,751
356,187
356,187
-
356,187
-
2,386
-
2,386
-
871
-
871
-
375
-
375
-
(342)
557
-
(342)
557
356,187
360,034
-
360,034
-
-
(30)
(30)
2,505,185
3,399,676
79
3,399,755
Retained
earnings
Total
equity

12. Hyundai Capital Services, Inc. and Subsidiaries
Condensed Consolidated Interim Statements of Cash Flows
For the nine-month periods ended September 30, 2013 and 2012
(Unaudited)
(In millions of won)
Notes
Cash flows from operating activities
Cash generated from operations
Interest received
Interest paid
Dividends received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Liquidation of special purpose entity
Dividends from associates
Acquisition of investments in associates
Business combination
Acquisition of land
Proceeds from disposal of land
Acquisition of building
Proceeds from disposal of building
Acquisition of structures
Proceeds from disposal of structures
Proceeds from disposal of vehicles
Acquisition of vehicles
Proceeds from disposal of fixtures and furniture
Acquisition of fixtures and furniture
Acquisition of other tangible assets
Increase in construction in progress
Acquisition of intangible assets
Decrease in leasehold deposits
Increase in leasehold deposits
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from borrowings
Repayments of borrowings
Issuance of bonds
Repayments of bonds
Net cash used in financing activities
23
2013
W
2012
(149,613)
1,302,161
W
(7)
(88,087)
Cash and cash equivalents at end of period
1,898,222
(2,118,654)
3,751,742
(3,995,327)
(464,017)
(18)
Cash and cash equivalents at beginning of period
733
(51,935)
(161,666)
(38,305)
(22,053)
(641)
(2,704)
125
(12,952)
165
(42)
(1,759)
(5,230)
5,027
(1,027)
(292,264)
2,028,500
(2,330,000)
3,052,698
(2,901,804)
(150,606)
Net decrease in cash and cash equivalents
1,335,845
40,212
(626,100)
4,888
(148,170)
606,675
(30)
533
(2,552)
(2,009)
114,486
(224)
60,946
2,469
(391)
184
(6,255)
130
(48)
(29,405)
(6,702)
15,398
(13,197)
133,333
Effect of exchange rate fluctuations on cash and
cash equivalents held
596,281
21,760
(545,525)
4,632
(147,944)
(70,796)
1,455,433
1,214,074
1,305,820
See accompanying notes to the condensed consolidated interim financial statements.
10

13. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
1.
Reporting Entity
Hyundai Capital Services, Inc. (the “Company”) was established on December 22, 1993, to engage in
installment financing, facilities leasing and new technology financing. The Company changed its trade
name from Hyundai Auto Finance Co., Ltd. to Hyundai Financial Services Co. on April 21, 1995, and
changed its trade name once again to Hyundai Capital Services, Inc. on December 30, 1998. In
accordance with the Monopoly Regulation and Fair Trade Act, the Company is incorporated into
Hyundai Motor Company Group. As of September 30, 2013, the Company’s operations are
headquartered in Yeouido, Seoul. Its major shareholders are Hyundai Motor Company and GE
International Holdings Corporation with 56.47% and 43.30% ownership, respectively.
The condensed consolidated interim financial statements included the accounts of the Company, as
the parent company, certain Autopia SPC trusts and other subsidiaries (collectively, the “Group”),
while HK Mutual Savings Bank and five other entities are associates.
Subsidiaries as of September 30, 2013 and December 31, 2012, are as follows. The Group has the
substantial power over the subsidiaries established as special purpose entities for asset securitization
even though its ownership interests over the subsidiaries do not exceed 50%.
Ratio of
Location ownership
Special
Purpose
Entities
Korea
0.9%
0.5%
Limited
Germany
liability
company
India
Brasil
100%
100%
100%
September 30, 2013
Autopia Thirty-fifth SPC (trust)
Autopia Thirty-sixth SPC (trust)
Autopia Forty-second SPC (trust)
Autopia Forty-third SPC (trust)
Autopia Forty-fourth SPC (trust)
Autopia Forty-fifth SPC (trust)
Autopia Forty-sixth SPC (trust)
Autopia Forty-seventh SPC (trust)
HB third SPC
Autopia Forty-ninth SPC (trust)
Autopia Fiftieth SPC (trust)
Hyundai Capital Europe GmbH
(*)
Hyundai Capital India Private
Limited
Hyundai Capital Brasil LTDA
December 31, 2012
Autopia Thirty-fifth SPC (trust)
Autopia Thirty-sixth SPC (trust)
Autopia Thirty-seventh SPC (trust)
Autopia Thirty-ninth SPC (trust)
Autopia Fortieth SPC (trust)
Autopia Forty-second SPC (trust)
Autopia Forty-third SPC (trust)
Autopia Forty-fourth SPC (trust)
Autopia Forty-fifth SPC (trust)
Autopia Forty-sixth SPC (trust)
Autopia Forty-seventh SPC (trust)
HB third SPC
Autopia Forty-ninth SPC (trust)
Hyundai Capital Europe GmbH
(*)
Hyundai Capital India Private
Limited
-
(*) It holds 100% shares of Hyundai Capital Services Limited Liability Company.
11

14. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
1.
Reporting Entity, Continued
Subsidiaries that are included and excluded from the Group’s consolidated interim financial statement
are as follows:
Change
Included
Reason
Subsidiaries
Establishment
Excluded
Liquidation
Hyundai Capital Brasil LTDA
Autopia Fiftieth SPC (trust)
Autopia Fifty-fisrt SPC (trust)
Autopia Thirty-seventh SPC (trust)
Autopia Thirty-ninth SPC (trust)
Autopia Fortieth SPC (trust)
2.
Accounting Policies
2.1 Basis of Preparation
(1) Statement of compliance
These condensed consolidated interim financial statements were prepared in accordance with K-IFRS
(No. 1034 Interim Financial Reporting) as part of the period covered by the Group’s K-IFRS
consolidated annual financial statements, and do not include all of the disclosures required for full
consolidated annual financial statements. Selected explanatory notes are included to explain events
and transactions that are significant to an understanding of the changes in financial position and
performance of the Group since the last annual consolidated financial statements were prepared as of
and for the year ended December 31, 2012.
These condensed consolidated interim financial statements have been prepared in accordance with
the Korean IFRS standards and interpretations issued and effective or issued and early adopted as of
September 30, 2013.
(2) Use of estimates and judgements
The preparation of the financial statements in conformity with K-IFRS requires management to make
judgments, estimates and assumptions that affect the application of accounting policies and the
reported amounts of assets, liabilities, income and expenses. Actual results may differ from these
estimates.
In preparing these condensed consolidated interim financial statements, the significant judgments
made by management in applying the Group’s accounting policies and the key sources of estimation
uncertainty were the same as those that were applied to the consolidated financial statements as of
and for the year ended December 31, 2012.
12

15. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
2.
Accounting Policies, Continued
2.2 Significant Accounting Policies
(1) Changes in accounting policies
Except as described below, the accounting policies applied by the Group in these condensed
consolidated interim financial statements are the same as those applied by the Group in its
consolidated financial statements as of and for the year ended December 31, 2012. The following
changes in accounting policies are also expected to be reflected in the Group’s consolidated financial
statements as at and for the year ending December 31, 2013.
(i) Amendments to K-IFRS No. 1001 Presentation of Financial Statements
The amendments require presenting items in other comprehensive income on the basis of
whether they are potentially reclassifiable to profit or loss subsequently (reclassification
adjustments). The standards are effective for annual periods beginning on or after January 1, 2013.
(ii) K-IFRS No. 1110 Consolidated Financial Statements
The standard outlines the requirements for the preparation and presentation of consolidated
financial statements, requiring entities to consolidate entities it controls. Control requires
exposure or rights to variable returns and the ability to affect those returns through power over an
investee. The standards are effective for annual periods beginning on or after January 1, 2013.
(iii) K-IFRS No. 1112 Disclosure of Interests in Other Entites
The standard brings together into a single standard for all the disclosure requirements about an
entity’s interests in subsidiaries, joint arrangements, associates and unconsolidated structured
entities. The standard requires the disclosure of information about the nature, risks and financial
effects of these interests. The standards are effective for annual periods beginning on or after
January 1, 2013.
(iv) Amendments to K-IFRS No. 1019 Employee Benefits
The standard requires recognition of actuarial gains and losses immediately in other
comprehensive income and to calculate expected return on plan assets based on the rate used to
discount the defined benefit obligation. The standard will be applied retrospectively for the
Group’s annual periods beginning on or after January 1, 2013.
(v) K-IFRS No. 1113 Fair Value Measurement
The standard defines fair value and a single framework for fair value, and requires disclosures
about fair value measurements. The standard will be applied prospectively for the Group’s annual
periods beginning on or after January 1, 2013.
13

16. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
2.
Accounting Policies, Continued
(2) Impact of change in accounting policies
(i) Amendments to K-IFRS No. 1019 Employee Benefits
The impact of amendments to K-IFRS No. 1019 Employee Benefits is as follows:
The following table summarises the adjustments made to the Group's statements of financial
position at December 31, 2012.
December 31, 2012
Accumulated other comprehensive
loss
As previously
reported
(285)
(13,147)
(13,432)
2,135,851
W
Retained earnings
Amendments
13,147
2,148,998
As restated
The following table summarises the adjustments made to the Group’s statements of
comprehensive income for the nine-month period ended September 30, 2012.
September 30, 2012
As previously
reported
General and administrative expenses
Income taxes
Other comprehensive income
442,985
(3,564)
438,421
124,468
36,074
W
Amendments
862
(2,702)
125,330
33,372
As restated
(ii) Amendments to K-IFRS No. 1001 Presentation of Financial Statements
The Group retrospectively applied the amendment to K-IFRS No. 1001 Presentation of Financial
Statements, for which the impact is as follows:
September 30, 2012
Other operating income
Other operating expenses
Gain on disposal of property and
equipment
Miscellaneous revenues
Loss on disposal of property and
equipment
Donation
Miscellaneous losses
As previously
reported
(3,606)
(2,265)
107,369
50,293
30
3,576
30
3,576
-
14
Amendments
110,975
52,558
-
W
485
1,294
486
485
1,294
486
As restated

17. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
2.
Accounting Policies, Continued
(3) New standards and interpretations not yet adopted
The following new standards, interpretations and amendments to existing standards have been
published that are mandatory for the Group for annual periods beginning after January 1, 2013, and
the Group has not early adopted them.
(i) K-IFRS No. 1032 Financial Instruments: Presentation
The amendments address inconsistencies in current practice when applying the offsetting criteria
in K-IFRS No. 1032 Financial Instrument: Presentation. The amendments clarify the meaning of
‘currently has a legally enforceable right of set-off’ The amendments are effective for annual
periods beginning on or after January 1, 2014 and are required to be applied retrospectively.
3.
Securities
Securities as of September 30, 2013 and December 31, 2012, are as follows:
2013
Available-for-sale securities
Equity securities
Marketable equity securities
Unlisted equity securities
2012
Debt securities
Government and public bonds
Investments in associates
W
15
10,635
10,567
21,202
6,856
11,165
18,021
1,996
23,198
W
2,262
20,283
102,632
125,830
98,796
119,079

18. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
3.
Securities, Continued
3.1 Available-for-sale securities
Available-for-sale securities as of September 30, 2013 and December 31, 2012, are as follows:
(1) Marketable equity securities
Book value
Number of Ownership
shares
(%)
Marketable equity securities
NICE Information Service
NICE Holdings
Unlisted equity securities
Hyundai Finance Corp. (*)
Korean Egloan, Inc.
Golfclub Lich AG
1,365,930
491,620
2.25
1.30
1,700,000
4,000
14
Acquisition
cost
W
9.29
3.12
0.59
W
2013
2012
3,312
3,491
4,146
6,489
3,729
3,127
9,888
100
60
16,851
10,406
100
61
21,202
11,065
100
18,021
(*) The fair value for Hyundai Finance Corp. was valued as the average of valuation prices provided by
two external appraisers, KIS Pricing Inc. and Korea Asset Pricing, using the discounted cash flow
model. The five-year financial statements, projected based on past performance, were used in
measuring the fair value assuming that the operational structure will remain as is for the next five
years. Operating income and expenses were estimated based on the past performance, business
plan and expected market conditions.
(2) Debt securities
Book value
Government and public
bonds
Issuer
Metropolitan
Rapid Transit
and others
Interest
rate (%)
2.0, 2.5
16
Acquisition
cost
W
1,877
2013
1,996
2012
2,262

19. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
3.
Securities, Continued
3.2 Investments in associates
(1) Details of investments in associates as of September 30, 2013 and December 31, 2012, are as
follows:
Number
of shares
HK Mutual Savings Bank (*)
HI Network, Inc.(*)
Korea Credit Bureau(*)
Hyundai capital Germany
GmbH
Hyundai Capital UK Ltd.
Beijing Hyundai Auto
Finance Co., Ltd.
4,990,438
19.99
13,332
2013
Acquisition
cost
Ownership
(%)
Net asset
value
Book
value
45,719
37,100
49,348
19.99
76
409
409
140,000
7.00
3,800
3,325
4,362
600,200
30.01
1,065
1,536
1,536
7,497,500
29.99
13,401
10,671
10,671
46.00
41,085
36,306
36,306
105,146
89,347
102,632
Acquisition
cost
W
45,719
76
3,800
Net asset
value
38,922
861
2,948
Book
value
51,170
861
3,985
-
W
W
2012
HK Mutual Savings Bank (*)
HI Network, Inc.(*)
Korea Credit Bureau(*)
Hyundai capital Germany
GmbH
Hyundai Capital UK Ltd.
Beijing Hyundai Auto
Finance Co., Ltd.
Number
of shares
4,990,438
13,332
140,000
Ownership
(%)
19.99
19.99
7.00
600,200
5,998,000
30.01
29.99
1,065
10,850
1,183
6,197
1,183
6,197
46.00
41,085
102,595
35,400
85,511
35,400
98,796
-
W
(*) The Group’s shareholdings are less than 20%. However, the Group is able to significantly exert
influence through its involvement in the financial and operating processes, and thus the equity
method is applied.
17

20. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
3.
Securities, Continued
(2) Changes of investments in associates for the nine-month periods ended September 30, 2013 and
2012 are as follows:
Beginning
balance
HK Mutual Savings
Bank
HI Network, Inc.
Acquisi
-tion
Ending
balance
Dividends
51,170
861
3,985
(158)
81
377
(67)
-
(1,597)
(533)
-
49,348
409
4,362
-
325
28
-
1,536
6,197
2,552
1,810
112
-
10,671
35,400
98,796
W
-
1,183
W
Korea Credit Bureau
Hyundai Capital
Germany GmbH
Hyundai Capital UK
Ltd.
Beijing Hyundai Auto
Finance Co., Ltd.
2,552
107
2,542
799
872
(2,130)
36,306
102,632
Beginning
balance
HK Mutual Savings
Bank
HI Network, Inc.
2013
Changes in
accumulated
other
Gain
comprehen
(loss) on
-sive
valuation
Gain(loss)
2012
Changes in
accumulated
Gain
other
(loss) on
comprehen
valuation
-sive Loss
Acquisi
-tion
Ending
balance
Dividends
W
-
4,352
469
378
(421)
(256)
(733)
-
49,666
739
4,087
-
27
-
-
1,092
-
Korea Credit Bureau
Hyundai Capital
Germany GmbH
Hyundai Capital UK
Ltd.
Beijing Hyundai Auto
Finance Co., Ltd.
45,735
1,003
3,965
1,065
W
10,850
(4,135)
-
-
6,715
51,768
41,085
51,935
(1,836)
(745)
(677)
(733)
39,249
101,548
(3) Goodwill related to associates as of September 30, 2013 and December 31, 2012, are as follows:
2013
HK Mutual Savings Bank
Korea Credit Bureau
W
2012
12,248
1,037
13,285
W
18
12,248
1,037
13,285

21. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
3.
Securities, Continued
(4) Summary of financial information of investees as of September 30, 2013 and December 31, 2012,
for assets and liabilities, and for the nine-month periods ended September 30, 2013 and 2012, for
revenue and income, follows:
2013
HK Mutual Savings Bank (*)
HI Network, Inc.
Korea Credit Bureau
Assets
2,398,953
5,022
58,525
6,106
1,151,060
633,540
W
Hyundai Capital Germany GmbH
Hyundai Capital UK Ltd.
Beijing Hyundai Auto Finance Co., Ltd.
Liabilities
2,213,456
2,978
11,027
987
1,115,478
554,614
Operating
revenue
277,655
12,424
35,618
2,479
37,646
22,336
Profit (loss)
for the
period
(918)
543
5,906
917
6,036
(2,076)
(*) Although HK Mutual Savings Bank’s fiscal year is from July 2012 to June 2013, the asset and
liability amounts are as of September 30, 2013, and its operating revenue and profit for the period
amounts are from January 1, 2013 to September 30, 2013.
2012
HK Mutual Savings Bank (*)
HI Network, Inc.
Korea Credit Bureau
Hyundai Capital Germany GmbH
Hyundai Capital UK Ltd.
Beijing Hyundai Auto Finance Co., Ltd.
W
Assets
2,655,804
7,629
55,944
4,524
596,343
80,502
Liabilities
2,461,195
3,322
13,834
581
575,678
3,546
Operating
revenue
319,118
14,088
33,652
764
4,528
1,780
Profit
(loss) for
the period
21,760
2,469
5,901
91
(13,789)
(4,080)
(*) Although HK Mutual Savings Bank’s fiscal year is from July 2011 to June 2012, the asset and
liability amounts are as of December 31, 2012, and its operating revenue and profit for the period
amounts are from January 1, 2012 to September 30, 2012.
19

22. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
4.
Financial Receivables
Financial receivables as of September 30, 2013 and December 31, 2012, are as follows:
2013
Principal
Loans
receivable
Loan
Deferred
loan
origination
fees and
costs
(Direct
profit for
leased
assets)
Present
value
discounts
Allowance
for doubtful
accounts
Carrying
amount
Lease
receivables
Finance lease
receivables
Cancelled lease
receivables
W
(29,200)
(1,149)
(311,902)
12,098,486
9,309
9,327
9,309
-
(33,582)
(33,858)
(33,582)
3,809,973
1
3,820,745
3,809,973
2,926,763
Installment
financial assets
Auto
Durable goods
Mortgage
12,440,737
3,834,246
1
3,845,276
3,834,246
W
85,987
-
(42,506)
2,970,244
10,138
2,936,901
19,222,914
85,987
66,114
(1,149)
(9,498)
(52,004)
(397,764)
640
2,970,884
18,890,115
20

23. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
4.
Financial Receivables, Continued
2012
Principal
Loans
receivable
Loan
Deferred
loan
origination
fees and
costs
(Direct profit
for leased
assets)
Present
value
discounts
Allowance
for doubtful
accounts
Carrying
amount
Lease
receivables
Finance lease
receivables
Cancelled lease
receivables
W
(115,800)
(1,458)
(312,829)
12,068,396
(42,936)
30
(42,906)
-
(33,207)
(277)
(33,484)
3,722,290
1
16,239
3,738,530
2,838,134
Installment
financial assets
Auto
Durable goods
Mortgage
12,498,483
3,798,433
1
16,486
3,814,920
W
(782)
-
(32,423)
2,804,929
6,951
2,845,085
19,158,488
(782)
(159,488)
(1,458)
(6,458)
(38,881)
(385,194)
493
2,805,422
18,612,348
21

24. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
5.
Allowance for Loan Loss
Changes in allowance for doubtful accounts for the nine-month periods ended September 30, 2013
and 2012, are as follows:
2013
Beginning balance
W
Amounts written off
Recoveries of
amounts
previously written off
Unwinding of discount
Additional (reversed)
allowance
Others
Ending balance
W
Installment
financial
assets
Lease
receivables
312,829
(337,247)
33,484
(30,794)
38,881
(591)
18,740
(6,076)
403,934
(374,708)
67,465
(6,013)
8,140
(326)
81
(206)
7,623
-
83,309
(6,545)
275,475
(607)
311,902
23,362
(8)
33,858
14,416
(578)
52,003
(2,049)
(1)
18,237
311,204
(1,194)
416,000
Loan
receivables
Other
assets
Total
2012
Beginning balance
W
Amounts written off
Recoveries of
amounts
previously written off
Unwinding of discount
Others
Additional allowance
Ending balance
W
Installment
financial
assets
Lease
receivables
281,184
(288,046)
38,129
(29,985)
25,563
(64)
17,284
(5,313)
362,160
(323,408)
66,060
(5,537)
6,834
239,452
299,947
7,817
(232)
(21)
15,389
31,097
327
(154)
4,905
6,244
36,821
6,545
203
18,719
80,749
(5,923)
11,718
261,288
386,584
Loan
receivables
22
Other
assets
Total

25. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
6.
Financial Instruments
The fair values of financial instruments as of September 30, 2013 and December 31, 2012, are as
follows:
2013
Book value
Assets
Financial assets
Cash and due from banks
Available-for-sale securities
Loans receivable
Installment financial assets
Lease receivables
Derivative assets
Account receivables
Accrued revenues
Accrued revenues
W
W
Liabilities
Financial liabilities
Borrowings
Bonds
Derivative liabilities
Account payables(*)
Accrued expenses
Withholdings(*)
Withholdings(*)
W
W
2012
Fair value
Book value
Fair value
1,214,089
23,198
12,098,486
3,820,745
2,970,884
24,337
99,610
93,920
30,031
20,375,300
1,214,089
23,198
12,287,669
3,844,524
2,929,121
24,337
99,610
93,920
29,871
20,546,339
1,302,173
20,283
12,068,396
3,738,530
2,805,422
34,915
113,947
101,480
31,118
20,216,264
1,302,173
20,283
12,265,070
3,775,052
2,781,545
34,915
113,947
101,480
31,280
20,425,745
1,912,304
14,873,478
386,881
290,811
157,583
13,767
727,827
18,362,651
1,923,570
15,272,961
386,881
290,811
157,583
13,767
731,237
18,776,810
2,213,252
14,802,390
302,750
321,373
159,742
17,546
812,975
18,630,028
2,232,707
15,418,078
302,750
321,373
159,742
17,546
822,193
19,274,389
(*) Excluding taxes and dues
23

26. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
6.
Financial Instruments, Continued
The fair value hierarchy of financial assets and liabilities carried at fair value as of September 30, 2013
and December 31, 2012, are as follows:
2013
Book
value
Fair
value
Fair value hierarchy (*)
Level 1
Level2
Level 3
Financial assets
Available-for-sale securities W
Derivative assets
23,198
24,337
47,535
23,198
24,337
47,535
10,635
10,635
1,996
24,337
26,333
10,567
10,567
386,881
386,881
-
386,881
-
Financial liabilities
Derivative liabilities
W
2012
Book
value
Fair
value
Fair value hierarchy (*)
Level 1
Level2
Level 3
Financial assets
Available-for-sale securities W
Derivative assets
20,283
34,915
55,198
20,283
34,915
55,198
6,856
6,856
2,262
34,915
37,177
11,165
11,165
302,750
302,750
-
302,750
-
Financial liabilities
Derivative liabilities
W
(*) The levels of fair value hierarchy have been defined as follows:
- Level 1: Quoted prices in active markets for identical assets or liabilities. Listed stocks and
derivatives
- Level 2: Inputs for the asset or liability included within valuation techniques that are observable
market data. Most bonds issued in Korean won and foreign currency, general unlisted derivatives
like swap, forward, option
- Level 3: Inputs for the asset or the liability that are not based on observable market data. Unlisted
stocks, complicated structured bonds, complicated unlisted derivative
24

27. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
7.
Derecognition of Financial Assets
The Group issued senior and subordinated asset-backed securities based on loans and the associated
securitized debts have recourse only to the transferred assets.
Details of financial assets transferred and not derecognized as of September 30, 2013 and December
31, 2012 are as follows:
2013
Book value of assets
Loans receivable
Installment financial assets
Lease receivables
2012
Book value of related liabilities(*)
2,373,628
950,814
246,248
3,570,690
(2,220,518)
2,279,886
1,329,882
3,609,768
(2,255,036)
Liabilities having right of resources on transferred
Assets
Fair value of assets
Fair value of related liabilities(*)
Net position
3,585,264
(2,247,554)
1,337,710
3,658,729
(2,307,077)
1,351,652
W
W
(*) Related liabilities aggregates senior and subordinated asset-backed securities with the related
Derivative assets.
25

28. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
8.
Property and Equipment
Changes in property and equipment for the nine-month periods ended September 30, 2013 and 2012,
are as follows:
2013
Beginning
balance
Acquisition Replacement Disposal
Land
Depreciation
Ending
balance
143,729
2,009
3,172
(40,016)
-
108,894
116,655
W
Buildings
224
1,256
(52,866)
(1,808)
63,461
Structures
3,192
-
-
(2,469)
(31)
692
Vehicles
Fixture and
furniture
2,478
391
-
(136)
(665)
2,068
45,054
6,255
2,828
(198)
(15,235)
38,704
2,033
48
(76)
-
-
2,005
10,337
29,404
(7,180)
-
-
32,561
323,478
38,331
-
(95,685)
(17,739)
248,385
Others
Construction in
progress
W
2012
Beginning
balance
Acquisition Replacement Disposal
Land
Depreciation
Ending
balance
105,424
38,305
-
-
-
143,729
Buildings
97,939
22,053
-
-
(2,438)
117,554
Structures
2,558
641
-
-
(57)
3,142
761
2,704
-
(120)
(620)
2,725
53,770
12,952
12
(625)
(15,722)
50,387
1,994
42
-
-
(6)
2,030
2,986
1,759
(40)
-
-
4,705
265,432
78,456
(28)
(745)
(18,843)
324,272
W
Vehicles
Fixture and
furniture
Others
Construction in
progress
W
26

29. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
9.
Intangible Assets
Changes in intangible assets for the nine-month periods ended September 30, 2013 and 2012, are as
follows:
2013
Beginning
balance
Goodwill
Development
costs
Rights of
trademark
Other
intangible
assets
Increase
Replacement
Amortization
Ending
balance
-
-
-
1,429
6,701
-
(7,365)
27,534
16
-
-
(10)
6
34,520
W
1,429
28,198
W
-
-
(1,413)
33,107
64,163
6,701
-
(8,788)
62,076
2012
Beginning
balance
Goodwill(*)
Development
costs
Rights of
trademark
Other
intangible
assets
Increase
Replacement
Amortization
Ending
balance
1,429
-
-
1,429
5,163
98
(6,082)
27,814
30
-
-
(10)
20
36,452
W
28,635
W
67
(70)
(1,449)
35,000
65,117
6,659
28
(7,541)
64,263
(*) Increase through business combination
10.
Borrowings
Changes in borrowings for the nine-month periods ended September 30, 2013 and 2012, are as
follows:
Beginning balance
Borrowing
Increase through business combination
Repayment
Others
Ending balance
W
W
27
2013
17,015,642
5,081,198
(5,231,803)
(79,255)
16,785,782
2012
17,772,368
5,649,965
168,654
(6,113,981)
(446,646)
17,030,360

30. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
11.
Defined Benefit Liability
The amounts of defined benefit plans recognized in the statements of financial position as of
September 30, 2013 and December 31, 2012, are as follows:
2013
Present value of funded obligations
Fair value of plan assets (*)
Defined benefit liability
W
W
2012
67,547
(47,827)
19,720
63,847
(50,859)
12,988
(*) As of September 30, 2013, contribution to the National Pension Fund of W 43 million is included.
Details of the amounts recognized in the comprehensive income statements for the nine-month
periods ended September 30, 2013 and 2012, are as follows :
2013
Current service cost
Interest cost
Expected return on plan assets
W
12.
2012
9,505
1,558
(1,209)
9,854
W
8,741
1,491
(852)
9,380
Provisions for Unused Loan Commitments
Changes in provisions for unused loan commitments for the nine-month periods ended September
30, 2013 and 2012, are as follows:
2013
2012
Beginning balance
Reversals
W
2,017
(11)
10,445
(8,221)
Ending balance
W
2,006
2,224
28

31. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
13.
Derivative Financial Instruments and Hedge Accounting
Trading derivatives as of September 30, 2013 and December 31, 2012, are as follows:
2013
Assets
Forward foreign exchange
2012
Liabilities
W
2
Assets
3
Liabilities
11
2
During the nine-month periods ended September 30, 2013 and 2012, the Group recognized loss on
trading derivatives of W 9 million and W 35 million, respectively.
Derivatives designated as cash flow hedges as of September 30, 2013 and December 2012, are as
follows:
2013
Assets
Exchange forward W
Interest rate
swaps
2012
Notional
Principal
amounts
Liabilities
Assets
Liabilities
Notional
Principal
amounts
W
-
(68)
2,312
-
(199)
1,872
5,075
(2,428)
378
7,563
(5,446)
21,549
Currency swaps
914
381,803
4,996
32,214
295,185
7,770
24,335
386,878
2,500
34,904
302,748
2,125
The maximum period the Group is exposed to the variability in future cash flows arising from
derivatives designated as cash flow hedges, is expected to be until September 20, 2017.
There is no ineffective portion recognized related to cash flow hedge for the nine-month periods
ended September 30, 2013 and 2012.
29

32. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
14.
Equity
Details of appropriated and expected reserves for bad loans as of September 30, 2013 and December
31, 2012, are as follows:
W
2013
273,907
110,899
2012
270,220
3,687
W
Appropriated reserve for bad loans
Expected reserve for bad loans
384,806
273,907
Transfer to reserve for bad loans and profit for the period in consideration of effect of changes in
reserve for bad loans for the nine-month periods ended September 30, 2013 are as follows:
Profit for the period
Expected transfer to reserve for bad loans (*1)
Profit for the period in consideration of changes in reserve for bad loans (*2)
Profit for the period per share in consideration of changes in reserve for bad
loans(in Korean won)
W
2013
356,187
(110,899)
245,288
W
2,470
W
(*1) The amount transferred to reserve for bad loans for the nine-month period ended September 30,
2013, is the difference between the balance of reserve for bad loans as of September 30, 2013,
and the balance as of December 31, 2012.
(*2) Profit for the period and earnings per share in consideration of changes in reserve for bad loans
are not accordance with K-IFRS, and this amount is the sum of the expected transfer to reserve
for bad loans before income tax and Profit for the period.
30

33. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
15.
Net Interest Income
Net interest income for the three-month and nine-month periods ended September 30, 2013 and 2012,
consists of:
2013
2012
Three-month
period ended
Interest income:
Due from Banks
Loans receivable
Installment financial assets
Lease receivables (*1)
Other (*2)
W
Interest expense:
Borrowings
Bonds
Other (*2)
Net interest income
W
Nine-month
period ended
Three-month
period ended
Nine-month
period ended
6,659
363,256
61,099
63,518
390
494,922
21,742
1,096,619
182,546
189,013
1,114
1,491,034
12,048
370,674
84,944
65,389
362
533,417
36,442
1,093,432
276,985
181,054
1,793
1,589,706
20,108
168,379
8,149
196,636
298,286
63,942
508,759
26,324
599,025
892,009
26,115
189,738
10,852
226,705
306,712
78,831
570,159
32,645
681,635
908,071
(*1) Includes amortization of present value discount for lease guarantee.
(*2) Amortization of present value discount using the effective interest method.
16.
Net Commission Income
Net commission income for the three-month and nine-month periods ended September 30, 2013 and
2012, consists of:
2013
2012
Three-month
period ended
Commission income
Loans receivable
W
Installment financial assets
Lease receivables
Commission expenses
Lease expenses
Net commission income
W
Nine-month
period ended
11,971
1,079
46,670
59,720
36,419
2,933
134,166
173,518
11,633
1,353
41,126
54,112
35,284
4,553
116,909
156,746
18,048
41,672
51,257
122,261
8,938
45,174
17,998
138,748
31
Three-month
period ended
Nine-month
period ended

34. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
17.
Others
Others of other operating income for the three-month and nine-month periods ended September 30,
2013 and 2012, consists of:
2013
Three-month
period ended
Income for acquired loans
Reversal of unused
provision
Gain on settlement of
common expense
Rental income
Other commissions
Reimbursed income for
RVI
Advertising income
Others
W
Three-month
period ended
Nine-month
period ended
12,908
39,903
13,914
40,939
(23)
11
7,031
8,221
4,620
1,502
12,116
27,465
4,525
35,202
6,681
1,519
9,654
24,627
3,824
20,063
1,254
263
710
33,350
W
18.
2012
Nine-month
period ended
4,545
338
10,157
122,146
1,952
8
547
41,306
5,444
49
4,202
107,369
General and Administrative Expenses
General and administrative expenses for the three-month and nine-month periods ended September
30, 2013 and 2012, are as follows:
2013
Payroll
Severance benefits
Fringe benefits
Depreciation
Advertising
Travel and transportation
Communication
Water, lighting and heating
Commission
Sales commission
Amortization
Outsourcing service charges
Rent
Other expenses
2012
Three-month
period ended
W
W
Nine-month
period ended
Three-month
period ended
Nine-month
period ended
41,101
3,273
9,066
5,854
15,186
1,388
4,029
2,872
5,472
16,634
2,990
17,205
11,534
28,811
165,415
119,224
9,875
28,966
17,739
39,093
3,892
11,530
8,722
15,068
54,535
8,788
50,036
32,319
80,930
480,717
42,447
2,979
8,718
6,009
9,029
1,230
3,505
3,015
5,053
17,101
2,541
17,406
9,993
27,066
156,092
101,760
9,238
27,875
18,843
33,428
4,152
10,692
8,429
13,972
47,012
7,541
50,626
28,422
76,431
438,421
32

35. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
19.
Net non-operating income
Net non-operating income for the three-month and nine-month periods ended September 30, 2013
and 2012, consists of:
2012
2013
Three-month
period ended
Non-operating income
Gain on equity
method valuation
Gain on disposal of
tangible assets
Miscellaneous
income
20.
Three-month
period ended
Nine-month
period ended
2,699
568
5,227
85,490
-
30
698
1,931
2,314
90,503
2,207
2,595
3,575
8.832
-
158
5,971
5,971
65
317
150
532
W
1,232
1
W
Non-operating
expense
Loss on equity
method valuation
Loss on disposal of
tangible assets
Contribution
Miscellaneous loss
Net non-operating
income
Nine-month
period ended
2,961
588
746
4,295
121
298
189
6,579
485
1,294
486
8,236
1,399
86,208
(3,984)
596
Income Tax
Income tax expense is recognized based on management’s best estimate of the weighted average
annual income tax rate expected for the full financial year. The estimated average annual tax rate used
for the year ended December 31, 2013, is 25% (the estimated average tax rate for the nine-month
period ended September 30, 2012, is 26%).
33

36. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
19.
Earnings Per Share
(1) Basic earnings per share
Basic earnings per share attributable to common stock of equity holders for the three-month and ninemonth periods ended September 30, 2013 and 2012, is as follows:
2013
2012
Three-month
period ended
Profit for the
period
attributable to
common stock
(In Korean won)
W
(A)
Weighted
average of
number of
outstanding
common shares
(B)
Basic earnings
per Share
W
(In Korean won)
(A/B)
Nine-month
period ended
Three-month
period ended
Nine-month
period ended
108,034,094,314
356,186,957,013
12,839,914,159
358,133,713,868
99,307,435
99,307,435
99,307,435
99,307,435
1,088
3,587
1,136
3,606
(2) Diluted earnings per share
As there was no discontinued operation during the nine-month periods ended September 30, 2013
and 2012, basic earnings per share is the same as basic earnings per share from continuing operations.
There are no potential common stocks as of September 30, 2013 and 2012. Therefore, the diluted
earnings per share is the same as basic earnings per share for the three-month and nine-month
periods ended September 30, 2013 and 2012.
34

37. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
20.
Other Comprehensive Income
Other comprehensive income for the nine-month periods ended September 30, 2013 and 2012,
consists of:
2013
Beginning
balance
Unrealized gain on
valuation of availablefor-sale financial assets
Accumulated
comprehensive
loss of equity
method investees
Unrealized loss on
valuation of derivatives
Loss on exchange
differences of foreign
operations
Loss on actuarial
valuation
Changes
Reclassification of
Other
profit or loss
changes
Income tax
effects
Ending
balance
(92)
3,239
(761)
3,388
-
871
-
(1,669)
2,125
3,039
(2,544)
(120)
2,500
(872)
-
(342)
-
(1,214)
(13,147)
W
1,002
(2,540)
W
-
735
(178)
(12,590)
(13,432)
2,947
1,959
(1,059)
(9,585)
2012
Beginning
balance
Unrealized gain on
valuation of availablefor-sale financial assets
Accumulated
comprehensive
loss of equity
method investees
Unrealized loss on
valuation of derivatives
Loss on exchange
differences of foreign
operations
Loss on actuarial
valuation
Changes
Reclassification of
Other
profit or loss
changes
Income tax
effects
Ending
balance
-
714
(131)
195
-
(676)
-
(629)
(50,157)
(2,705)
50,942
(11,673)
(13,593)
(343)
-
(397)
-
(740)
(8,498)
W
(388)
47
W
-
(3,564)
863
(11,199)
(59,339)
(2,705)
47,019
(10,941)
(25,966)
35

38. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
21.
Supplemental Cash Flow Information
Cash and cash equivalents in cash flow statements consist of cash in hand, deposits and short-term
money-market instruments.
Cash and cash equivalents consisting of cash and financial instruments as of September 30, 2013 and
December 31, 2012, are as follows:
2013
Cash
Ordinary deposits
Current deposits
Short-term financial instruments
W
2012
1
215,510
2,898
995,665
1,214,074
W
1
194,944
3,416
1,103,800
1,302,161
Cash generated from operations for the nine-month periods ended September 30, 2013 and 2012, is
as follows:
2013
Profit for the period
Adjustments:
Net interest expenses
Income tax
Gain on disposal of available-for-sale financial assets
Income on loans
Income on installment financial receivables
Lease expenses
Gain on foreign exchanges translation
Dividend income
Gain on valuation of derivatives
Gain on disposal of property and equipment
Gain on equity method valuation
Provision for loss
Loss on foreign exchanges translation
Severance benefits
Depreciation
Amortization of intangible assets
Loss on valuation of derivatives
Loss on disposal of property and equipment
Reversal of provisions
Losses on Retirement of Bonds
Other expenses
2012
356,187
358,134
W
36
W
576,169
120,441
(2,072)
(16,484)
(21,352)
281,984
(122,582)
(4,632)
(28,347)
(85,490)
(2,542)
311,204
28,389
9,875
17,739
8,788
122,444
2,961
(11)
51
1,196,533
643,399
125,330
(3,053)
(26,071)
(53,027)
255,531
(146,761)
(4,888)
(2,933)
(30)
744
261,288
3,112
9,381
18,843
7,541
146,638
485
(8,221)
53
1,227,361

39. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
21.
Supplemental Cash Flow Information, Continued
2013
Changes in operating assets and liabilities
(Increase) in due from banks
Decrease in available-for-sale financial assets
(Increase) in loans receivable
(Increase) Decrease in installment financial assets
(Increase) in finance lease receivables
Decrease in cancelled leased receivables
(Increase) in operating leased assets
Decrease in cancelled leased assets
Decrease (increase) in non-trade receivables
Decrease in accrued revenues
(Increase) in advance payments
(Increase) in prepaid expenses
Decrease in derivative assets
Increase (decrease) in non-trade Payables
Increase (decrease) in accrued expenses
(Decrease) in unearned revenue
Increase (decrease) in withholdings
(Decrease) in leasehold deposits received
Payment of severance benefits
Increase (Decrease) in plan assets
Transfer of severance benefits from (to) related parties
W
W
37
2012
(3)
2,303
(289,081)
(84,225)
(541,493)
10,413
(179,683)
308,426
15,435
7,596
(21,516)
(6,972)
1,106
(34,835)
(14,590)
(7,825)
(7,686)
(111,426)
(5,093)
2,873
2,036
(684,701)
997,356
(534,069)
7,734
(242,924)
228,968
(10,415)
5,857
(7,651)
(1,241)
29
5,141
8,778
(4,745)
9,528
(22,080)
(4,465)
(3,089)
(163)
(956,439)
596,281
303
(249,650)
1,335,845

40. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
22.
Commitments and Contingencies
(1) Credit Line Agreement
Details of unused credit line agreements of the Group as of September 30, 2013 and December 31,
2012, are as follows:
Type
Limit of overdraft
Limit of daily loan
Financial institutions
Shinhan Bank and 2 other banks
Shinhan Bank and 1 other banks
W
W
2013
41,500
15,000
56,500
2012
41,500
45,000
86,500
(2) Credit Facility Agreement
The Group has revolving credit facility agreements with several financial institutions as of September
30, 2013 and December 31, 2012. Details of credit facility agreements are as follows:
Financial institutions
2013
GE Capital European Funding & Co.(*)
MIZUHO CORPORATE BANK, LTD., SEOUL BRANCH
2012
Equivalent of
USD 0.7 billion in
Euros
W
Equivalent of
USD 1 billion in
Euros
Standard Chartered, Seoul Branch
65,000
110,000
50,000
CITIBANK KOREA INC.
65,000
110,000
JPMORGAN CHASE BANK, N.A., SEOUL BRANCH
50,000
50,000
50,000
110,000
55,000
BANK OF CHINA, SEOUL BRANCH
50,000
30,000
DBS BANK LTD., SEOUL BRANCH
150,000
100,000
50,000
-
100,000
-
20,000
-
SOCIETE GENERALE, SEOUL BRANCH
Sumitomo Mitsui Banking Corporation, Seoul Branch
BNP Paribas, Seoul Branch
Bank of America, N.A, Seoul Branch
Credit Agricole Corporate and Investment Bank, SEOUL
BRANCH
THE ROYAL BANK OF SCOTLAND N.V., SEOUL BRANCH
100,000
100,000
110,000
110,000
ING BANK N.V., SEOUL BRANCH
100,000
-
KDB Bank
60,000
60,000
Kyobo Life Insurance Co., Ltd.
50,000
50,000
200,000
200,000
20,000
USD 0.2 billion
USD 0.2 billion
-
USD 0.2 billion
Kookmin Bank
Suhyup Bank
CITIBANK, N.A.
The Bank of TOKYO MITSUBISHI UFJ., Ltd.
(*) Relative to the above credit facility agreement, Hyundai Motor Company shall pay GE Capital
European Funding & Co. any amount not paid by the Group, at such time multiplied by the
shareholding ratio of Hyundai Motor Company.
There has been no usage of the above credit facility agreements as of September 30, 2013.
38

41. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
22.
Commitments and Contingencies, Continued
(3) Guarantees
Details of guarantees involving third parties as of September 30, 2013 and December 31, 2012, are as
follows:
Guarantor
Hyundai Motor
Company
Seoul Guarantee
Insurance Co., Ltd.
Details
Joint liabilities on finance lease
receivables (*)
Guarantee for debt collection
deposit, others
2013
W
2012
15
15
137,057
154,394
(*) The amounts represent the guaranteed balances as of September 30, 2013 and December 31,
2012, as defined under the joint liability agreement.
The Group carries residual value guarantee insurance with LIG Insurance Co., Ltd. against loss in case
unredeemed mortgage loans exceed the recoverable amount from the collateral of the loans. The
receivables balance carried insurance and residual value guaranteed by the insurance as of September
30, 2013 and December 31, 2012, are as follows:
Type
Receivables balance
The amount of residual value guaranteed by insurance
W
2013
763,975
282,518
2012
795,982
300,656
(4) Pending significant litigations
Details of pending significant litigations involving the Group as of September 30, 2013, are as follows:
Type
Plaintiff
Defendant
Number of litigations
16
18
W
Amount of litigations
564
714
In addition, the Group has filed lawsuits against a number of debtors to collect receivables. The
Group's Management does not believe that any of these matters, either individually or in the
aggregate, will have a material effect on the consolidated financial position or results of the Group.
39

42. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
23.
Related Party Transactions
(1) Relationships between parents and subsidiaries
The parent company is Hyundai Motor Company. Related parties include associates, joint ventures,
post-employment benefit plans, members of key management personnel and entities which the
Group controls directly or indirectly, has joint control or significant influence over them.
(2) Transactions between related parties
Significant transactions, which occurred in the normal course of business with related companies for
the nine-month periods ended September 30, 2013 and 2012, are as follows:
Parent Company
Associates
Others
W
W
2013
Purchases
Disposal
625,105
38
396,226
223,418
1,021,331
223,456
2012
Purchases
Disposal
627,745
418,255
43,220
1,046,000
43,220
Revenue and expenses arising from transactions with related parties for the nine-month periods
ended September 30, 2013 and 2012, and receivables and payables as of September 30, 2013 and
December 31, 2012, are as follows:
Parent Company
Associates
Others
Parent Company
Associates
Others
W
W
W
W
2013
Receivables
Payables
1,860
30,154
172
38,665
137,955
40,697
168,109
2012
Receivables
Payables
4,463
4,440
819
45,126
149,055
50,408
153,495
2013
Revenues(*)
Expenses(*)
5,552
2,204
1,401
2,651
175,808
69,731
182,761
74,586
2012
Revenues
2,915
38,694
41,609
Expenses
2,173
64,453
66,626
(*) Gains and losses from disposal of property and equipment, including real estate, to related parties
for the nine-month period ended September 30, 2013 are included, which are amounted to KRW
85.4 billion and KRW 2.8 billion, respectively.
40

43. Hyundai Capital Services, Inc. and Subsidiaries
Notes to the Condensed Consolidated Interim Financial Statements
September 30, 2013
(Unaudited)
(In millions of won)
23.
Related Party Transactions, Continued
Details of credit granting activities with related parties as of September 30, 2013 are as follows:
Credit grantor
Hyundai Capital
Services, Inc.
Hyundai Capital
Services, Inc.
Hyundai Card
Co., Ltd.
Credit borrower
Hyundai Card
Co., Ltd.
Hyundai
Commercial Co.,
Ltd.
Hyundai Capital
Services, Inc.
Type
Call loan
Amount
W
Period
2012.11.1~
2013.10.31
300,000
Call loan
100,000
Call loan
2012.11.1~
2013.10.31
300,000
2012.11.1~
2013.10.31
With the counterparty’s request, credit is granted when there is surplus fund. As of September 30,
2013, no balance is recognized relating to credit granting activities.
The Group has been provided with a credit facility and payment guarantees by GE Capital European
Funding & Co. and Hyundai Motor Company, respectively (Note 22).
(3) Key management compensation
Compensation to key management for the nine-month periods ended September 30, 2013 and 2012,
consists of:
Type
Short-term employee benefits
Severance benefits
2013
2012
4,780
2,016
W
3,513
1,871
The key management above consists of directors (including non-permanent directors), who have
significant authority and responsibilities for planning, operating and controlling the Group.
24.
Financial Risk Management
The Group is exposed to credit risk, liquidity risk and market risk (exchange and rate risk). In order to
manage these factors, the Group operates risk management policies and programs that monitor
closely and respond to each of the risk factors. The Group uses derivatives to manage specific risks.
There was no significant change in the Group's risk management division and policies after December
31, 2012.
41