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1Q24_HYUNDAI CAPITAL SERVICES INC. AND SUBSIDIARIES
1Q24_HYUNDAI CAPITAL SERVICES INC. AND SUBSIDIARIES
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statements
Recommended
1Q24_HYUNDAI CAPITAL SERVICES INC. AND SUBSIDIARIES
1Q24_HYUNDAI CAPITAL SERVICES INC. AND SUBSIDIARIES
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statements
2023_EN. HYUNDAI CAPITAL SERVICES 2023 PERFORMANCE
- HCS reported strong financial results for 4Q 2023, with record high operating income driven by robust car sales and an improved sales mix at HMG.
- HCS maintained an auto-centric asset portfolio, with new car and lease assets growing due to stable production and sales.
- While expenses increased due to higher interest rates, HCS mitigated profit impacts through competitive auto financing and pre-emptive risk management.
3Q23_EN.pdf
- Hyundai Capital Services, Inc. and subsidiaries provided condensed consolidated interim financial statements as of September 30, 2023 and December 31, 2022.
- The condensed consolidated interim financial statements include the statements of financial position, comprehensive income, changes in equity, and cash flows for the periods ended September 30, 2023 and 2022.
- As of September 30, 2023, total assets were KRW 39.3 trillion and total liabilities were KRW 33.4 trillion, with total equity of KRW 5.9 trillion.
3Q23_EN.pdf
- Hyundai Capital Services reported record-high global car sales in 9M2023 driven by strong demand and an increased share of high-priced models.
- Financial assets grew 2.1% year-over-year to 33.8 trillion KRW in 9M2023 due to an expanded prime portfolio from auto finance.
- Operating profit declined 8.3% year-over-year to 354.8 billion KRW in 9M2023 as lease revenues increased but non-operating income fell.
2023년 3분기_EN.pdf
- Hyundai Capital Services reported record-high global car sales in 9M2023 driven by strong demand and an increased share of high-priced models.
- Financial assets grew 2.1% year-over-year to 33.8 trillion won in 9M2023. Operating revenues increased 34.5% due to growth in the prime auto finance portfolio.
- Net income declined 11.4% year-over-year to 315.7 billion won in 9M2023 as non-operating income fell and equity method losses increased, though asset quality was maintained with a record-low delinquency rate.
2Q23_EN.pdf
The document contains condensed consolidated interim financial statements for Hyundai Capital Services, Inc. and subsidiaries as of June 30, 2023. It includes an independent auditor's review report stating that nothing has come to their attention that would cause the financial statements not to be fairly presented. The financial statements present the condensed consolidated statements of financial position as of June 30, 2023 and December 31, 2022, as well as the related condensed consolidated statements of comprehensive income, statements of changes in equity, and statements of cash flows for the six-month periods ended June 30, 2023 and 2022.
2Q23_EN.pdf
- Global car sales and revenues increased due to strong customer demand and a greater share of high-priced models like SUVs and Genesis. Domestic car sales also grew from normalized production.
- Profitability was enhanced through revenue growth from leases and prime loans, but expenses increased and profits declined somewhat due to rising interest rates.
- Asset quality was maintained with delinquencies below 1% through conservative risk management practices.
2023년 2분기_EN.pdf
- Global car sales and revenues increased due to strong customer demand and a greater share of high-priced models like SUVs and Genesis. Domestic car sales also grew from normalized production.
- Profitability was enhanced through revenue growth from leases and prime loans, but expenses increased and profits declined somewhat due to rising interest rates.
- Asset quality was maintained with delinquencies below 1% through conservative risk management.
2021_EN.pdf
- Car sales company reported higher annual sales and profits in 2021 compared to 2020, driven by strong SUV and luxury model sales. However, overall car sales slightly declined due to global chip shortage.
- The company maintained a sales mix focused on higher-priced models which led to expanded profit margins despite the sales decline.
- Financial assets and profits grew in 2021 compared to 2020 due to increased sales of higher-priced vehicles and a recovery in global auto sales, while bad debt expenses remained stable.
2020_Audit_EN.pdf
This document is an independent auditor's report on the consolidated financial statements of Hyundai Capital Services, Inc. and its subsidiaries for the years ending December 31, 2020 and 2019. It includes the auditor's opinion that the financial statements present fairly the financial position, financial performance and cash flows of the company in accordance with Korean International Financial Reporting Standards. It also describes the responsibilities of management and the auditors. The financial statements include the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows, along with accompanying notes.
1Q21_Audit_EN.pdf
This document is the condensed consolidated interim financial statements of Hyundai Capital Services, Inc. and its subsidiaries for the period ending March 31, 2021. It includes the condensed consolidated statement of financial position, condensed consolidated statements of comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements. The independent auditors' review report verifies that the financial statements were prepared according to accounting standards and that the review did not find any material misstatements.
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2023_EN. HYUNDAI CAPITAL SERVICES 2023 PERFORMANCE
- HCS reported strong financial results for 4Q 2023, with record high operating income driven by robust car sales and an improved sales mix at HMG.
- HCS maintained an auto-centric asset portfolio, with new car and lease assets growing due to stable production and sales.
- While expenses increased due to higher interest rates, HCS mitigated profit impacts through competitive auto financing and pre-emptive risk management.
3Q23_EN.pdf
- Hyundai Capital Services, Inc. and subsidiaries provided condensed consolidated interim financial statements as of September 30, 2023 and December 31, 2022.
- The condensed consolidated interim financial statements include the statements of financial position, comprehensive income, changes in equity, and cash flows for the periods ended September 30, 2023 and 2022.
- As of September 30, 2023, total assets were KRW 39.3 trillion and total liabilities were KRW 33.4 trillion, with total equity of KRW 5.9 trillion.
3Q23_EN.pdf
- Hyundai Capital Services reported record-high global car sales in 9M2023 driven by strong demand and an increased share of high-priced models.
- Financial assets grew 2.1% year-over-year to 33.8 trillion KRW in 9M2023 due to an expanded prime portfolio from auto finance.
- Operating profit declined 8.3% year-over-year to 354.8 billion KRW in 9M2023 as lease revenues increased but non-operating income fell.
2023년 3분기_EN.pdf
- Hyundai Capital Services reported record-high global car sales in 9M2023 driven by strong demand and an increased share of high-priced models.
- Financial assets grew 2.1% year-over-year to 33.8 trillion won in 9M2023. Operating revenues increased 34.5% due to growth in the prime auto finance portfolio.
- Net income declined 11.4% year-over-year to 315.7 billion won in 9M2023 as non-operating income fell and equity method losses increased, though asset quality was maintained with a record-low delinquency rate.
2Q23_EN.pdf
The document contains condensed consolidated interim financial statements for Hyundai Capital Services, Inc. and subsidiaries as of June 30, 2023. It includes an independent auditor's review report stating that nothing has come to their attention that would cause the financial statements not to be fairly presented. The financial statements present the condensed consolidated statements of financial position as of June 30, 2023 and December 31, 2022, as well as the related condensed consolidated statements of comprehensive income, statements of changes in equity, and statements of cash flows for the six-month periods ended June 30, 2023 and 2022.
2Q23_EN.pdf
- Global car sales and revenues increased due to strong customer demand and a greater share of high-priced models like SUVs and Genesis. Domestic car sales also grew from normalized production.
- Profitability was enhanced through revenue growth from leases and prime loans, but expenses increased and profits declined somewhat due to rising interest rates.
- Asset quality was maintained with delinquencies below 1% through conservative risk management practices.
2023년 2분기_EN.pdf
- Global car sales and revenues increased due to strong customer demand and a greater share of high-priced models like SUVs and Genesis. Domestic car sales also grew from normalized production.
- Profitability was enhanced through revenue growth from leases and prime loans, but expenses increased and profits declined somewhat due to rising interest rates.
- Asset quality was maintained with delinquencies below 1% through conservative risk management.
2021_EN.pdf
- Car sales company reported higher annual sales and profits in 2021 compared to 2020, driven by strong SUV and luxury model sales. However, overall car sales slightly declined due to global chip shortage.
- The company maintained a sales mix focused on higher-priced models which led to expanded profit margins despite the sales decline.
- Financial assets and profits grew in 2021 compared to 2020 due to increased sales of higher-priced vehicles and a recovery in global auto sales, while bad debt expenses remained stable.
2020_Audit_EN.pdf
This document is an independent auditor's report on the consolidated financial statements of Hyundai Capital Services, Inc. and its subsidiaries for the years ending December 31, 2020 and 2019. It includes the auditor's opinion that the financial statements present fairly the financial position, financial performance and cash flows of the company in accordance with Korean International Financial Reporting Standards. It also describes the responsibilities of management and the auditors. The financial statements include the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows, along with accompanying notes.
1Q21_Audit_EN.pdf
This document is the condensed consolidated interim financial statements of Hyundai Capital Services, Inc. and its subsidiaries for the period ending March 31, 2021. It includes the condensed consolidated statement of financial position, condensed consolidated statements of comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements. The independent auditors' review report verifies that the financial statements were prepared according to accounting standards and that the review did not find any material misstatements.
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