MIRA
INFORM REPORT
|
Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
YI JINN INDUSTRIAL CO LTD |
|
|
|
|
Registered Office : |
7F, No.607, Ruiguang Road, Neihu District, Jhongshan District, Taipei,
114 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
24.03.1981 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Public Independent Company |
|
|
|
|
Line of Business : |
Subject is engaged in the processing, manufacture and
distribution of textured yarns, polyester yarns and woven fabrics |
|
|
|
|
No. of Employees : |
495 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Yi Jinn Industrial Co Ltd
7F
No.607, Ruiguang Road, Neihu District
Jhongshan District
Taipei, 114
Taiwan
Tel: 886-2-26575859
Fax: 886-2-87978898
Web: www.yijinn.com.tw
Synthesis
Employees: 495
Company Type: Public Independent
Traded: Taiwan Stock Exchange: 1457
Incorporation Date:
24-Mar-1981
Auditor: KPMG LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency:
Taiwanese New Dollar
Annual Sales: 205.8
1
Net Income: (6.9)
Total Assets: 239.9
2
Market Value: 68.7 (10-Aug-2012)
Business Description
Yi Jinn Industrial Co., Ltd is principally engaged in the processing, manufacture and distribution of textured yarns, polyester yarns and woven fabrics. The Company provides its products under the brand named SEAGULL, including polyester textured yarns, nylon stretch yarns, spandex covering yarns and environmental yarns, which are applied in the production of leisure suits, sports wears, socks, gloves, shirts, trousers, towels, carpets, tires, safe airbags, curtains, zippers, decorations, ropes and construction materials, among others. The Company distributes its products primarily in Asia, Europe, Africa and the Americas. For the nine months ended 30 September 2010, Yi Jinn Industrial Co., Ltd's revenues increased 30% to NT$2.97B. Net income from continuing operations totaled NT$179.3M, up from NT$80.4M. Revenues reflect a growth in sales volume. Net income from continuing operations also benefited from significantly increased gain on disposal of asset and revaluation gain on financial asset, as well as the absence of impairment loss.
Industry
Industry Textiles - Non Apparel
ANZSIC 2006: 1312 - Natural
Textile Manufacturing
NACE 2002: 171 - Preparation
and spinning of textile fibres
NAICS 2002: 313112 - Yarn
Texturing, Throwing, and Twisting Mills
UK SIC 2003: 171 - Preparation
and spinning of textile fibres
US SIC 1987: 2282 - Yarn
Texturizing, Throwing, Twisting, and Winding Mills
Key Executives
|
Name |
Title |
|
Yumin Lai |
Manager-Finance, Director |
|
Cheng-Tien Chan |
Chairman, President & Chief Financial
Officer |
|
Liu-Ming Lai |
Financial Controller |
|
Ching-Ti Lin |
Vice President-Operations |
|
Albert Chang |
Manager |
Significant Developments
|
* number of significant developments within the last 12 months
Financial Summary
|
Stock Snapshot
|
1 - Profit & Loss Item Exchange Rate: USD 1 = TWD 29.39004
2 - Balance Sheet Item Exchange Rate: USD 1 = TWD 30.279
Corporate Overview
Location
7F
No.607, Ruiguang Road, Neihu District
Jhongshan District
Taipei, 114
Taiwan
Tel: 886-2-26575859
Fax: 886-2-87978898
Web: www.yijinn.com.tw
Quote Symbol - Exchange
1457 - Taiwan
Stock Exchange
Sales TWD(mil): 6,048.2
Assets TWD(mil): 7,262.7
Employees: 495
Fiscal Year End: 31-Dec-2011
Industry: Textiles - Non Apparel
Incorporation Date: 24-Mar-1981
Company Type: Public Independent
Quoted Status: Quoted
Chairman, President &
Chief Financial Officer: Cheng-Tien
Chan
Company Web Links
Company Contact/E-mail
Corporate History/Profile
Home Page
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1332 - Rope, Cordage and Twine Manufacturing
1312 - Natural Textile Manufacturing
NACE 2002 Codes:
1754 - Manufacture of other textiles not elsewhere classified
171 - Preparation and spinning of textile fibres
NAICS 2002 Codes:
314999 - All Other Miscellaneous Textile Product Mills
313112 - Yarn Texturing, Throwing, and Twisting Mills
US SIC 1987:
2299 - Textile goods, Not Elsewhere Classified
2282 - Yarn Texturizing, Throwing, Twisting, and Winding Mills
UK SIC 2003:
171 - Preparation and spinning of textile fibres
17549 - Manufacture of other textiles not elsewhere classified
Business
Description
Yi Jinn Industrial Co., Ltd is principally engaged in the processing, manufacture and distribution of textured yarns, polyester yarns and woven fabrics. The Company provides its products under the brand named SEAGULL, including polyester textured yarns, nylon stretch yarns, spandex covering yarns and environmental yarns, which are applied in the production of leisure suits, sports wears, socks, gloves, shirts, trousers, towels, carpets, tires, safe airbags, curtains, zippers, decorations, ropes and construction materials, among others. The Company distributes its products primarily in Asia, Europe, Africa and the Americas. For the nine months ended 30 September 2010, Yi Jinn Industrial Co., Ltd's revenues increased 30% to NT$2.97B. Net income from continuing operations totaled NT$179.3M, up from NT$80.4M. Revenues reflect a growth in sales volume. Net income from continuing operations also benefited from significantly increased gain on disposal of asset and revaluation gain on financial asset, as well as the absence of impairment loss.
More Business
Descriptions
· Manufacture of fine knits and silk and textured polyester yarn
· Polyester Yarn Mfr
· Fiber, Yarn, and Thread Mills
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
Executive report
|
Board
of Directors |
|
|
|
|
|||||||
|
Chairman & General Manager |
Chairman |
|
|||||||
|
Chairman of the Board, General Manager |
Chairman |
|
|||||||
|
||||||||||
|
Director |
Director/Board Member |
|
|
||||||
|
Director |
Director/Board Member |
|
|
||||||
|
Manager-Finance, Director |
Director/Board Member |
|
|
||||||
|
Deputy General Manager, Director |
Director/Board Member |
|
|
||||||
|
||||||||||
|
Director |
Director/Board Member |
|
|
||||||
|
Director |
Director/Board Member |
|
|
||||||
|
||||||||||
|
Executives |
|
|
|
|
|||||||
|
Chairman, President & Chief Financial
Officer |
President |
|
|||||||
|
Chairman & General Manager |
Division Head Executive |
|
|||||||
|
Chairman of the Board, General Manager |
Division Head Executive |
|
|||||||
|
||||||||||
|
Vice President-Operations |
Operations Executive |
|
|
||||||
|
Manager-Operations |
Operations Executive |
|
|
||||||
|
Manager-Finance, Director |
Finance Executive |
|
|
||||||
|
Financial Controller |
Finance Executive |
|
|
||||||
|
Manager |
Other |
|
|
||||||
Significant Developments
Yi Jinn Industrial Co Ltd Announces No Dividend Payment for FY 2011 Mar 30, 2012
Yi Jinn Industrial Co Ltd announced that it will pay no dividend to shareholders for fiscal year 2011.
Yi Jinn Industrial Co Ltd Repurchases Shares Nov 25, 2011
Yi Jinn Industrial Co Ltd announced that it has repurchased 20 million shares, or 5.92% of the Company's total shares outstanding, at NTD 156,607,780.
Yi Jinn Industrial Co Ltd to Repurchase Shares Sep 27, 2011
Yi Jinn Industrial Co Ltd announced that it will repurchase 20 million shares from September 28, 2011 to November 25, 2011, at a price ranging from NTD 6.30 per share to NTD 13.00 per share, or up to NTD 335,629,000 in total. The shares to be bought back represent 6.15% of the Company's total shares outstanding.
Yi Jinn Industrial Co Ltd Adjusts FY 2010 Dividend Payment Sep 09, 2011
Yi Jinn Industrial Co Ltd announced that it has adjusted its cash dividend for fiscal year 2010 from NTD 0.2 per share to NTD 0.167229 per share, and the stock dividend from NTD 0.32 per share to NTD 0.267567 per share.
Yi Jinn Industrial Co Ltd Announces FY 2010 Dividend Payment Date
Aug 30, 2011
Yi Jinn Industrial Co Ltd announced that it will pay a cash dividend of NTD 55,030,200 (NTD 0.167229 per share), and distribute 26.7567 new shares for every 1,000 shares as stock dividends worth NTD 88,048,320, to shareholders of record on October 4, 2011. The Company's shares will be traded ex-dividend and ex-right on September 28, 2011.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.39004 |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Gross Revenue |
207.4 |
160.2 |
130.0 |
150.2 |
175.8 |
|
Sales Returns and Allowances |
-1.6 |
-0.6 |
-0.4 |
-0.8 |
-1.2 |
|
Revenue |
205.8 |
159.6 |
129.6 |
149.4 |
174.6 |
|
Total Revenue |
205.8 |
159.6 |
129.6 |
149.4 |
174.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
198.7 |
149.1 |
123.3 |
150.1 |
168.1 |
|
Cost of Revenue, Total |
198.7 |
149.1 |
123.3 |
150.1 |
168.1 |
|
Gross Profit |
7.1 |
10.5 |
6.3 |
-0.8 |
6.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
6.4 |
6.2 |
4.8 |
5.2 |
5.0 |
|
Total Selling/General/Administrative Expenses |
6.4 |
6.2 |
4.8 |
5.2 |
5.0 |
|
Research & Development |
- |
- |
- |
- |
0.0 |
|
Impairment-Assets Held for Use |
- |
- |
1.4 |
1.2 |
1.7 |
|
Unusual Expense (Income) |
- |
- |
1.4 |
1.2 |
1.7 |
|
Total Operating Expense |
205.1 |
155.3 |
129.5 |
156.5 |
174.8 |
|
|
|
|
|
|
|
|
Operating Income |
0.7 |
4.2 |
0.1 |
-7.1 |
-0.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-2.2 |
-1.5 |
-1.6 |
-2.0 |
-2.9 |
|
Interest Expense, Net Non-Operating |
-2.2 |
-1.5 |
-1.6 |
-2.0 |
-2.9 |
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Investment Income -
Non-Operating |
1.7 |
1.8 |
1.4 |
0.3 |
-3.9 |
|
Interest/Investment Income - Non-Operating |
1.7 |
1.8 |
1.5 |
0.4 |
-3.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.4 |
0.3 |
-0.1 |
-1.6 |
-6.6 |
|
Gain (Loss) on Sale of Assets |
0.3 |
3.2 |
-0.4 |
1.2 |
-0.4 |
|
Other Non-Operating Income (Expense) |
2.1 |
2.4 |
2.1 |
2.5 |
2.7 |
|
Other, Net |
2.1 |
2.4 |
2.1 |
2.5 |
2.7 |
|
Income Before Tax |
2.6 |
10.1 |
1.7 |
-5.1 |
-4.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
|
Income After Tax |
2.4 |
10.1 |
1.4 |
-5.1 |
-4.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.8 |
-1.4 |
-0.3 |
0.4 |
4.6 |
|
Net Income Before Extraord Items |
1.7 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
Extraord Items |
-8.6 |
- |
- |
- |
- |
|
Total Extraord Items |
-8.6 |
- |
- |
- |
- |
|
Net Income |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
1.7 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
258.6 |
204.8 |
210.0 |
252.5 |
258.4 |
|
Basic EPS Excl Extraord Items |
0.01 |
0.04 |
0.01 |
-0.02 |
- |
|
Basic/Primary EPS Incl Extraord Items |
-0.03 |
0.04 |
0.01 |
-0.02 |
- |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
Diluted Weighted Average Shares |
258.6 |
205.0 |
210.0 |
252.5 |
258.4 |
|
Diluted EPS Excl Extraord Items |
0.01 |
0.04 |
0.01 |
-0.02 |
- |
|
Diluted EPS Incl Extraord Items |
-0.03 |
0.04 |
0.01 |
-0.02 |
- |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
1.7 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
2.2 |
1.5 |
1.6 |
2.0 |
2.9 |
|
Depreciation, Supplemental |
3.4 |
4.7 |
5.0 |
4.7 |
5.7 |
|
Total Special Items |
-0.3 |
-3.2 |
1.8 |
0.0 |
2.1 |
|
Normalized Income Before Tax |
2.3 |
6.9 |
3.5 |
-5.1 |
-2.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.4 |
0.0 |
0.7 |
|
Inc Tax Ex Impact of Sp Items |
0.2 |
0.0 |
0.7 |
0.0 |
0.7 |
|
Normalized Income After Tax |
2.1 |
6.8 |
2.9 |
-5.1 |
-3.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.4 |
5.5 |
2.5 |
-4.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.03 |
0.01 |
-0.02 |
0.01 |
|
Diluted Normalized EPS |
0.01 |
0.03 |
0.01 |
-0.02 |
0.01 |
|
Amort of Intangibles, Supplemental |
1.4 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Research & Development Exp, Supplemental |
- |
- |
- |
- |
0.0 |
|
Normalized EBIT |
0.7 |
4.2 |
1.5 |
-6.0 |
1.5 |
|
Normalized EBITDA |
5.4 |
9.1 |
6.8 |
-1.0 |
7.3 |
|
Current Tax - Total |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Tax - Total |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Tax - Total |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Deferred Tax - Total |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Other Tax |
- |
- |
- |
- |
0.0 |
|
Income Tax - Total |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
|
Interest Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Service Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Prior Service Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Expected Return on Assets - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Curtailments & Settlements - Domestic |
- |
- |
- |
- |
-0.1 |
|
Transition Costs - Domestic |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Domestic Pension Plan Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Defined Contribution Expense - Domestic |
0.3 |
0.1 |
0.1 |
0.1 |
- |
|
Total Pension Expense |
0.3 |
0.2 |
0.2 |
0.3 |
0.0 |
|
Discount Rate - Domestic |
1.75% |
2.50% |
2.50% |
3.00% |
3.50% |
|
Expected Rate of Return - Domestic |
1.50% |
2.00% |
1.50% |
1.50% |
2.00% |
|
Compensation Rate - Domestic |
2.00% |
1.50% |
1.50% |
2.00% |
2.50% |
|
Total Plan Interest Cost |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Total Plan Service Cost |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Plan Expected Return |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
30.279 |
29.1565 |
31.985 |
32.818 |
32.4345 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1.9 |
18.4 |
2.9 |
2.7 |
4.1 |
|
Short Term Investments |
8.5 |
8.6 |
2.4 |
3.6 |
5.2 |
|
Cash and Short Term Investments |
10.3 |
27.0 |
5.3 |
6.3 |
9.3 |
|
Accounts Receivable -
Trade, Gross |
18.6 |
13.5 |
14.9 |
9.2 |
12.3 |
|
Provision for Doubtful
Accounts |
-0.5 |
-0.5 |
-0.5 |
-0.4 |
-0.2 |
|
Trade Accounts Receivable - Net |
18.6 |
13.3 |
14.8 |
10.7 |
14.3 |
|
Notes Receivable - Short Term |
2.0 |
4.1 |
3.2 |
2.0 |
6.0 |
|
Total Receivables, Net |
20.6 |
17.4 |
18.0 |
12.7 |
20.3 |
|
Inventories - Finished Goods |
19.8 |
14.1 |
16.7 |
28.6 |
25.0 |
|
Inventories - Work In Progress |
1.4 |
1.2 |
1.1 |
0.6 |
1.6 |
|
Inventories - Raw Materials |
3.3 |
10.0 |
3.6 |
1.7 |
3.1 |
|
Inventories - Other |
- |
- |
- |
-4.1 |
-0.5 |
|
Total Inventory |
24.5 |
25.3 |
21.5 |
26.8 |
29.1 |
|
Prepaid Expenses |
0.3 |
2.1 |
2.0 |
2.7 |
3.9 |
|
Other Current Assets |
1.3 |
2.2 |
1.5 |
1.0 |
5.5 |
|
Other Current Assets, Total |
1.3 |
2.2 |
1.5 |
1.0 |
5.5 |
|
Total Current Assets |
57.0 |
74.0 |
48.2 |
49.4 |
68.2 |
|
|
|
|
|
|
|
|
Buildings |
22.9 |
31.8 |
35.1 |
32.8 |
30.1 |
|
Land/Improvements |
74.9 |
26.2 |
25.5 |
21.0 |
21.1 |
|
Machinery/Equipment |
27.9 |
60.2 |
75.7 |
74.9 |
74.5 |
|
Construction in
Progress |
14.0 |
14.7 |
1.3 |
1.4 |
1.7 |
|
Leases |
62.7 |
58.8 |
51.6 |
37.5 |
37.1 |
|
Other
Property/Plant/Equipment |
- |
- |
- |
0.0 |
1.8 |
|
Property/Plant/Equipment - Gross |
202.6 |
191.8 |
189.2 |
167.6 |
166.4 |
|
Accumulated Depreciation |
-48.4 |
-82.7 |
-82.7 |
-75.4 |
-70.6 |
|
Property/Plant/Equipment - Net |
154.2 |
109.1 |
106.5 |
92.2 |
95.8 |
|
Intangibles, Net |
1.3 |
1.3 |
1.3 |
1.3 |
1.2 |
|
LT Investment - Affiliate Companies |
- |
1.5 |
5.3 |
5.0 |
6.5 |
|
LT Investments - Other |
23.2 |
18.6 |
18.8 |
6.6 |
6.1 |
|
Long Term Investments |
23.2 |
20.2 |
24.1 |
11.6 |
12.7 |
|
Deferred Charges |
2.4 |
1.8 |
0.5 |
0.3 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
1.8 |
0.3 |
1.8 |
1.5 |
1.5 |
|
Other Long Term Assets |
- |
- |
- |
0.1 |
0.0 |
|
Other Long Term Assets, Total |
4.2 |
2.1 |
2.3 |
1.9 |
1.7 |
|
Total Assets |
239.9 |
206.7 |
182.4 |
156.3 |
179.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
2.0 |
3.0 |
1.7 |
1.2 |
1.9 |
|
Accrued Expenses |
2.4 |
2.8 |
1.9 |
1.4 |
1.8 |
|
Notes Payable/Short Term Debt |
35.9 |
39.2 |
43.7 |
48.7 |
52.4 |
|
Current Portion - Long Term Debt/Capital Leases |
5.7 |
1.0 |
4.5 |
2.4 |
7.2 |
|
Customer Advances |
0.5 |
2.2 |
2.9 |
1.7 |
3.1 |
|
Other Current Liabilities |
2.6 |
0.0 |
1.0 |
0.9 |
1.1 |
|
Other Current liabilities, Total |
3.1 |
2.2 |
3.9 |
2.6 |
4.2 |
|
Total Current Liabilities |
49.2 |
48.2 |
55.7 |
56.3 |
67.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
66.4 |
28.9 |
31.2 |
6.0 |
8.4 |
|
Total Long Term Debt |
66.4 |
28.9 |
31.2 |
6.0 |
8.4 |
|
Total Debt |
108.1 |
69.1 |
79.5 |
57.0 |
68.0 |
|
|
|
|
|
|
|
|
Minority Interest |
11.2 |
13.7 |
12.2 |
11.9 |
13.0 |
|
Reserves |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Pension Benefits - Underfunded |
0.5 |
0.6 |
0.7 |
0.7 |
0.7 |
|
Other Long Term Liabilities |
0.5 |
0.8 |
0.8 |
0.8 |
0.8 |
|
Other Liabilities, Total |
1.2 |
1.5 |
1.7 |
1.6 |
1.6 |
|
Total Liabilities |
128.0 |
92.4 |
100.8 |
75.7 |
90.5 |
|
|
|
|
|
|
|
|
Common Stock |
105.0 |
94.4 |
70.4 |
72.2 |
112.6 |
|
Common Stock |
105.0 |
94.4 |
70.4 |
72.2 |
112.6 |
|
Additional Paid-In Capital |
16.3 |
16.2 |
14.6 |
12.1 |
10.3 |
|
Retained Earnings (Accumulated Deficit) |
-6.1 |
5.5 |
-3.6 |
-4.5 |
-33.8 |
|
Treasury Stock - Common |
-7.7 |
-6.0 |
-4.3 |
-3.9 |
-3.6 |
|
Unrealized Gain (Loss) |
0.9 |
1.6 |
1.5 |
1.3 |
1.5 |
|
Translation Adjustment |
3.5 |
2.6 |
3.1 |
3.3 |
2.0 |
|
Minimum Pension Liability Adjustment |
- |
0.0 |
0.0 |
- |
- |
|
Other Equity, Total |
3.5 |
2.6 |
3.0 |
3.3 |
2.0 |
|
Total Equity |
111.9 |
114.3 |
81.6 |
80.6 |
89.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
239.9 |
206.7 |
182.4 |
156.3 |
179.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
259.9 |
242.2 |
203.0 |
219.5 |
348.0 |
|
Total Common Shares Outstanding |
259.9 |
242.2 |
203.0 |
219.5 |
348.0 |
|
Treasury Shares - Common Stock Primary Issue |
57.9 |
42.4 |
35.8 |
31.9 |
39.4 |
|
Employees |
495 |
483 |
425 |
379 |
469 |
|
Number of Common Shareholders |
20,312 |
19,966 |
15,763 |
15,771 |
16,350 |
|
Deferred Revenue - Current |
0.5 |
2.2 |
2.9 |
1.7 |
3.1 |
|
Pension Obligation - Domestic |
1.6 |
1.4 |
1.7 |
1.5 |
1.5 |
|
Plan Assets - Domestic |
0.9 |
0.9 |
1.3 |
1.3 |
1.3 |
|
Funded Status - Domestic |
-0.6 |
-0.5 |
-0.4 |
-0.2 |
-0.2 |
|
Accumulated Obligation - Domestic |
1.4 |
1.2 |
1.5 |
1.4 |
1.3 |
|
Total Funded Status |
-0.6 |
-0.5 |
-0.4 |
-0.2 |
-0.2 |
|
Discount Rate - Domestic |
1.75% |
2.50% |
2.50% |
3.00% |
3.50% |
|
Expected Rate of Return - Domestic |
1.50% |
2.00% |
1.50% |
1.50% |
2.00% |
|
Compensation Rate - Domestic |
2.00% |
1.50% |
1.50% |
2.00% |
2.50% |
|
Accrued Liabilities - Domestic |
-0.5 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
|
Net Assets Recognized on Balance Sheet |
-0.5 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
|
Total Plan Obligations |
1.6 |
1.4 |
1.7 |
1.5 |
1.5 |
|
Total Plan Assets |
0.9 |
0.9 |
1.3 |
1.3 |
1.3 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.39004 |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-6.2 |
10.1 |
1.4 |
-5.1 |
-4.5 |
|
Depreciation |
3.4 |
4.7 |
5.0 |
5.3 |
6.0 |
|
Depreciation/Depletion |
3.4 |
4.7 |
5.0 |
5.3 |
6.0 |
|
Amortization of Intangibles |
1.4 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Amortization |
1.4 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Deferred Taxes |
-1.5 |
0.0 |
0.4 |
-0.3 |
0.0 |
|
Extraord Items |
8.6 |
- |
- |
- |
- |
|
Unusual Items |
20.1 |
-3.2 |
1.2 |
-0.4 |
0.4 |
|
Equity in Net Earnings (Loss) |
0.0 |
-0.1 |
-0.6 |
-0.1 |
5.7 |
|
Other Non-Cash Items |
0.3 |
-1.0 |
-2.8 |
4.7 |
-0.6 |
|
Non-Cash Items |
29.0 |
-4.3 |
-2.2 |
4.2 |
5.5 |
|
Accounts Receivable |
-3.9 |
2.1 |
-5.2 |
7.9 |
2.0 |
|
Inventories |
-19.0 |
-1.6 |
7.9 |
-1.7 |
-1.4 |
|
Prepaid Expenses |
1.4 |
-0.2 |
0.4 |
2.1 |
-2.5 |
|
Other Assets |
-1.0 |
-0.9 |
1.0 |
2.0 |
-2.8 |
|
Accounts Payable |
-0.9 |
1.0 |
0.5 |
-5.3 |
-3.0 |
|
Accrued Expenses |
-0.3 |
0.6 |
0.4 |
-0.3 |
-0.4 |
|
Taxes Payable |
- |
- |
- |
- |
0.0 |
|
Other Liabilities |
8.1 |
-2.4 |
2.3 |
-1.6 |
2.2 |
|
Changes in Working Capital |
-15.6 |
-1.3 |
7.2 |
3.1 |
-5.8 |
|
Cash from Operating Activities |
10.5 |
9.4 |
12.1 |
7.6 |
1.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-65.3 |
-12.9 |
-19.6 |
-1.9 |
-4.5 |
|
Capital Expenditures |
-65.3 |
-12.9 |
-19.6 |
-1.9 |
-4.5 |
|
Sale of Fixed Assets |
0.5 |
19.8 |
0.3 |
5.3 |
45.3 |
|
Sale/Maturity of Investment |
18.2 |
2.9 |
1.6 |
1.9 |
4.1 |
|
Investment, Net |
- |
0.0 |
1.2 |
0.0 |
- |
|
Purchase of Investments |
-24.5 |
-1.6 |
-12.1 |
-4.7 |
-1.1 |
|
Other Investing Cash Flow |
-2.1 |
-1.1 |
-0.3 |
-0.2 |
2.3 |
|
Other Investing Cash Flow Items, Total |
-7.9 |
19.9 |
-9.2 |
2.4 |
50.6 |
|
Cash from Investing Activities |
-73.2 |
7.1 |
-28.8 |
0.4 |
46.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Financing Cash Flow Items |
0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
-1.3 |
- |
- |
- |
- |
|
Total Cash Dividends Paid |
-1.3 |
- |
- |
- |
- |
|
Sale/Issuance of
Common |
15.3 |
15.9 |
0.0 |
0.0 |
0.0 |
|
Repurchase/Retirement
of Common |
-5.1 |
-2.3 |
-1.5 |
-3.3 |
- |
|
Common Stock, Net |
10.2 |
13.6 |
-1.5 |
-3.3 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
10.2 |
13.6 |
-1.5 |
-3.3 |
0.0 |
|
Short Term Debt, Net |
-9.1 |
-7.0 |
-8.7 |
1.2 |
-38.3 |
|
Long Term Debt Issued |
10.2 |
- |
- |
- |
- |
|
Long Term Debt
Reduction |
-0.3 |
- |
- |
- |
0.0 |
|
Long Term Debt, Net |
46.3 |
-9.4 |
27.1 |
-7.4 |
-10.2 |
|
Issuance (Retirement) of Debt, Net |
37.2 |
-16.4 |
18.4 |
-6.2 |
-48.5 |
|
Cash from Financing Activities |
46.3 |
-2.8 |
16.9 |
-9.5 |
-48.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
0.5 |
0.0 |
0.1 |
0.1 |
|
Net Change in Cash |
-16.3 |
14.1 |
0.1 |
-1.4 |
-0.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
18.2 |
3.0 |
2.7 |
4.2 |
4.9 |
|
Net Cash - Ending Balance |
1.9 |
17.0 |
2.8 |
2.8 |
4.0 |
|
Cash Interest Paid |
2.2 |
1.6 |
1.6 |
2.2 |
2.8 |
|
Cash Taxes Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.39004 |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Gross Sales |
207.4 |
160.2 |
130.0 |
150.2 |
175.8 |
|
Sales Returns |
-0.4 |
-0.5 |
-0.2 |
-0.6 |
-1.0 |
|
Sales Discounts and Allowances |
-1.2 |
-0.1 |
-0.2 |
-0.2 |
-0.2 |
|
Total Revenue |
205.8 |
159.6 |
129.6 |
149.4 |
174.6 |
|
|
|
|
|
|
|
|
Cost of Sales |
198.7 |
149.1 |
123.3 |
150.1 |
168.7 |
|
Selling Expenses |
3.2 |
2.8 |
2.6 |
2.7 |
2.7 |
|
General and Administrative Expenses |
3.2 |
3.4 |
2.2 |
2.5 |
2.3 |
|
Research and Development |
- |
- |
- |
- |
0.0 |
|
Inventory Devaluation & Obsolescence |
- |
- |
- |
- |
0.0 |
|
Gain from Revaluation of Inventory |
- |
- |
- |
- |
-0.6 |
|
Impairment Loss |
- |
- |
1.4 |
1.2 |
1.7 |
|
Total Operating Expense |
205.1 |
155.3 |
129.5 |
156.5 |
174.8 |
|
|
|
|
|
|
|
|
Interest Income |
0.0 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Gain on Equity Investment |
0.0 |
0.1 |
0.6 |
0.1 |
-5.7 |
|
Dividend Income |
0.9 |
0.6 |
0.0 |
0.1 |
0.1 |
|
Gain on Sale of Fixed Assets |
0.3 |
3.2 |
0.0 |
1.2 |
- |
|
Gain/Loss on Sale of Investments |
1.5 |
0.0 |
0.6 |
0.4 |
1.7 |
|
Revaluation Loss on Fin. Liabilities |
-0.1 |
- |
- |
- |
- |
|
Foreign Exchange Gain/Loss |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Rent Income |
3.0 |
2.5 |
2.1 |
2.1 |
1.6 |
|
Gain on Sale of Scrap & Waste |
- |
- |
- |
- |
0.0 |
|
Revaluation G/L on Financial Assets |
-0.5 |
1.3 |
0.3 |
-0.3 |
0.0 |
|
Miscellaneous Income |
0.6 |
1.2 |
0.8 |
0.9 |
1.5 |
|
Interest Expense |
-2.2 |
-1.5 |
-1.6 |
-2.0 |
-2.9 |
|
Loss on Disposal of Fixed Assets |
- |
0.0 |
-0.4 |
0.0 |
-0.4 |
|
Miscellaneous Disbursements |
-1.6 |
-1.3 |
-0.8 |
-0.5 |
-0.5 |
|
Net Income Before Taxes |
2.6 |
10.1 |
1.7 |
-5.1 |
-4.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
|
Net Income After Taxes |
2.4 |
10.1 |
1.4 |
-5.1 |
-4.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.8 |
-1.4 |
-0.3 |
0.4 |
4.6 |
|
Net Income Before Extra. Items |
1.7 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
Extraordinary Item |
-8.6 |
- |
- |
- |
- |
|
Net Income |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
1.7 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
258.6 |
204.8 |
210.0 |
252.5 |
258.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.01 |
0.04 |
0.01 |
-0.02 |
- |
|
Basic EPS Including ExtraOrdinary Items |
-0.03 |
0.04 |
0.01 |
-0.02 |
- |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
Diluted Weighted Average Shares |
258.6 |
205.0 |
210.0 |
252.5 |
258.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.01 |
0.04 |
0.01 |
-0.02 |
- |
|
Diluted EPS Including ExtraOrd Items |
-0.03 |
0.04 |
0.01 |
-0.02 |
- |
|
DPS-Common Stock |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
1.7 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
2.3 |
6.9 |
3.5 |
-5.1 |
-2.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.2 |
0.0 |
0.7 |
0.0 |
0.7 |
|
Normalized Income After Taxes |
2.1 |
6.8 |
2.9 |
-5.1 |
-3.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.4 |
5.5 |
2.5 |
-4.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.03 |
0.01 |
-0.02 |
0.01 |
|
Diluted Normalized EPS |
0.01 |
0.03 |
0.01 |
-0.02 |
0.01 |
|
Interest Expense, Supplemental |
2.2 |
1.5 |
1.6 |
2.0 |
2.9 |
|
Research and Development |
- |
- |
- |
- |
0.0 |
|
Depreciation - Discontinued Operation |
- |
1.0 |
1.7 |
- |
- |
|
Depreciation - Operating Cost |
2.2 |
2.7 |
2.6 |
4.4 |
5.6 |
|
Depreciation - Operating Expense |
0.5 |
0.1 |
0.0 |
0.3 |
0.1 |
|
Depreciation - Leased Assets |
0.6 |
0.9 |
0.7 |
- |
- |
|
Amortization - Discontinued Operation |
- |
0.1 |
0.1 |
- |
- |
|
Amortization - Operating Cost |
1.2 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Amortization - Operating Expense |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization - Leased Assets |
0.1 |
0.0 |
0.0 |
- |
- |
|
Current Tax Payable |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Tax - Total |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Tax |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Deferred Tax - Total |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Other Tax |
- |
- |
- |
- |
0.0 |
|
Income Tax - Total |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
|
Service Cost |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Cost |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Expected Return on Plan Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amort. Transitional Benefit Obligation |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Amortization of Prior Service Cost |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization of Actuarial Gains/Losses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Curtailments |
- |
- |
- |
- |
-0.1 |
|
Domestic Pension Plan Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Defined Contribution Expense - Domestic |
0.3 |
0.1 |
0.1 |
0.1 |
- |
|
Total Pension Expense |
0.3 |
0.2 |
0.2 |
0.3 |
0.0 |
|
Discount Rate |
1.75% |
2.50% |
2.50% |
3.00% |
3.50% |
|
Rate of Compensation Increase |
2.00% |
1.50% |
1.50% |
2.00% |
2.50% |
|
Expected Rate of Return on Plan Assets |
1.50% |
2.00% |
1.50% |
1.50% |
2.00% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
30.279 |
29.1565 |
31.985 |
32.818 |
32.4345 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash and Cash Equivalent |
1.9 |
18.4 |
2.9 |
2.7 |
4.1 |
|
Financial Assets at Fair Value |
4.1 |
2.5 |
1.2 |
0.3 |
2.1 |
|
Financial Assets-Available for Sale, Cur |
1.2 |
- |
- |
- |
- |
|
Financial Assets HTM, Current |
- |
- |
- |
1.2 |
0.0 |
|
Notes Receivable |
2.0 |
4.1 |
3.2 |
2.0 |
6.0 |
|
Accounts Receivable, Gross |
18.6 |
13.5 |
14.9 |
9.2 |
12.3 |
|
Provision for Doubtful Accounts |
-0.5 |
-0.5 |
-0.5 |
-0.4 |
-0.2 |
|
Accounts Receivable - Related |
0.4 |
0.3 |
0.4 |
2.0 |
2.2 |
|
Other Financial Assets - Current |
3.2 |
6.1 |
1.2 |
2.1 |
3.1 |
|
Raw Material |
2.7 |
9.5 |
3.5 |
1.7 |
3.0 |
|
Supplies |
0.6 |
0.5 |
0.1 |
0.1 |
0.1 |
|
Work-in-Process |
1.4 |
1.2 |
1.1 |
0.6 |
1.6 |
|
Merchandize |
- |
- |
0.2 |
0.3 |
0.0 |
|
Finished Goods |
14.1 |
8.1 |
11.1 |
22.9 |
19.3 |
|
Provision/Allowance for Inventory |
- |
- |
- |
-4.1 |
-0.5 |
|
Building & Land for Sale |
5.8 |
6.0 |
5.5 |
5.3 |
5.6 |
|
Prepayment |
0.3 |
2.1 |
2.0 |
2.7 |
3.9 |
|
Assets for Sale,Non-current |
- |
- |
1.1 |
0.0 |
3.9 |
|
Other Current Assets |
1.3 |
2.2 |
0.4 |
1.0 |
1.6 |
|
Total Current Assets |
57.0 |
74.0 |
48.2 |
49.4 |
68.2 |
|
|
|
|
|
|
|
|
Long Term Equity Investment |
- |
1.5 |
5.3 |
5.0 |
6.5 |
|
Financial Assets - Hold for Sale |
3.4 |
0.5 |
0.5 |
0.4 |
0.6 |
|
Financial Assets - Hold to Maturity |
- |
- |
- |
0.0 |
1.2 |
|
Financial Assets - Cost Method |
9.0 |
8.3 |
6.8 |
5.8 |
3.9 |
|
Other Financial Assets |
0.7 |
0.3 |
0.2 |
0.3 |
0.5 |
|
Long Term Real Estate Investments |
10.1 |
9.5 |
11.3 |
- |
- |
|
Land and Improvements |
74.9 |
26.2 |
25.5 |
20.3 |
20.4 |
|
Land - Revaluation Increment |
- |
- |
- |
0.7 |
0.7 |
|
Buildings and Structures |
22.9 |
31.8 |
35.1 |
32.8 |
30.1 |
|
Machinery and Equipment |
24.0 |
54.9 |
69.9 |
69.1 |
68.9 |
|
Utilities Equipment |
2.8 |
4.1 |
3.8 |
3.7 |
3.6 |
|
Transportation Equipment |
0.6 |
0.6 |
0.7 |
0.7 |
0.7 |
|
Office Equipment |
0.5 |
0.6 |
1.3 |
1.4 |
1.3 |
|
Miscellaneous Equipment |
- |
0.0 |
0.0 |
0.1 |
0.0 |
|
Constrction in Progress |
- |
- |
- |
0.0 |
1.8 |
|
Prepayment for Equipment |
14.0 |
14.7 |
1.3 |
1.4 |
1.7 |
|
Accumulated Depreciation |
-25.8 |
-64.0 |
-75.5 |
-70.4 |
-66.3 |
|
Accumulated Impairment on Fixed Assets |
- |
- |
-1.3 |
- |
- |
|
Land Use Right |
1.3 |
1.3 |
1.3 |
1.3 |
1.2 |
|
Assets for Lease, Gross |
62.7 |
58.8 |
51.6 |
37.5 |
37.1 |
|
Accumulated Depreciation-Asset for Lease |
-22.3 |
-18.4 |
-5.5 |
-4.8 |
-4.2 |
|
Prov. for Impairment of Assets for Lease |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
0.0 |
|
Deferred Charges |
2.4 |
1.8 |
0.5 |
0.3 |
0.2 |
|
Deferred Income Tax Assets - Non Current |
1.8 |
0.3 |
1.8 |
1.5 |
1.5 |
|
Other Long Term Assets |
- |
- |
- |
0.1 |
0.0 |
|
Total Assets |
239.9 |
206.7 |
182.4 |
156.3 |
179.6 |
|
|
|
|
|
|
|
|
Short Term Borrowings |
23.5 |
32.6 |
36.6 |
44.5 |
43.7 |
|
Short Term Notes & Bills Payable |
- |
1.0 |
0.9 |
0.9 |
0.9 |
|
Notes Payable |
12.4 |
5.6 |
6.2 |
3.4 |
7.8 |
|
Accounts Payable |
2.0 |
3.0 |
1.7 |
1.2 |
1.6 |
|
Accounts Payable - Related Parties |
- |
- |
- |
0.0 |
0.3 |
|
Accrued Expenses |
2.4 |
2.8 |
1.9 |
1.4 |
1.8 |
|
Liabilities Related to Assets for Sale |
- |
0.0 |
0.8 |
- |
- |
|
Advance Receipts |
0.5 |
2.2 |
2.9 |
1.7 |
3.1 |
|
Current Portion of Long Term Debt |
5.7 |
1.0 |
4.5 |
2.4 |
7.2 |
|
Other Current Liabilities |
2.6 |
0.0 |
0.2 |
0.9 |
1.1 |
|
Total Current Liabilities |
49.2 |
48.2 |
55.7 |
56.3 |
67.4 |
|
|
|
|
|
|
|
|
Long Term Borrowings |
58.5 |
28.9 |
31.2 |
6.0 |
8.4 |
|
Corporate Bonds Payable |
7.8 |
- |
- |
- |
- |
|
Fin. Liabilities-Fair Value, Non-current |
0.1 |
- |
- |
- |
- |
|
Total Long Term Debt |
66.4 |
28.9 |
31.2 |
6.0 |
8.4 |
|
|
|
|
|
|
|
|
Land Revaluation Increment Tax Reserve |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Accrued Pension Liabilities |
0.5 |
0.6 |
0.7 |
0.7 |
0.7 |
|
Long Term Security Deposits Received |
0.2 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Deferred Income |
- |
- |
- |
0.1 |
0.1 |
|
Other Long Term Liabilities |
0.4 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Minority Interest |
11.2 |
13.7 |
12.2 |
11.9 |
13.0 |
|
Total Liabilities |
128.0 |
92.4 |
100.8 |
75.7 |
90.5 |
|
|
|
|
|
|
|
|
Common Stock |
105.0 |
94.4 |
70.4 |
72.2 |
112.6 |
|
Cap.Surplus, Additional Paid in Capital |
5.8 |
7.7 |
6.7 |
6.8 |
7.5 |
|
Treasury Stock Transaction |
9.7 |
8.4 |
7.6 |
5.1 |
2.0 |
|
Capital Gain on LT Equity Investments |
0.3 |
0.2 |
0.2 |
0.2 |
0.8 |
|
Capital Surplus, Stock Option |
0.5 |
- |
- |
- |
- |
|
Legal Reserve |
0.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
-6.7 |
5.5 |
-3.6 |
-4.5 |
-33.8 |
|
Cumulative Translation Adjustment |
3.5 |
2.6 |
3.1 |
3.3 |
2.0 |
|
Net Loss Not Recognized as Pension Cost |
- |
0.0 |
0.0 |
- |
- |
|
Unrealized Gain/Loss on Fncl. Assets |
-0.7 |
-0.1 |
0.0 |
-0.2 |
0.0 |
|
Unrealized Gain/Loss on Revaluation |
1.6 |
1.7 |
1.5 |
1.5 |
1.5 |
|
Treasury Stock |
-7.7 |
-6.0 |
-4.3 |
-3.9 |
-3.6 |
|
Total Equity |
111.9 |
114.3 |
81.6 |
80.6 |
89.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
239.9 |
206.7 |
182.4 |
156.3 |
179.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
259.9 |
242.2 |
203.0 |
219.5 |
348.0 |
|
Total Common Shares Outstanding |
259.9 |
242.2 |
203.0 |
219.5 |
348.0 |
|
T/S-Common Stock |
57.9 |
42.4 |
35.8 |
31.9 |
39.4 |
|
Deferred Revenue, Current |
0.5 |
2.2 |
2.9 |
1.7 |
3.1 |
|
Full-Time Employees |
495 |
483 |
425 |
379 |
469 |
|
Number of Common Shareholders |
20,312 |
19,966 |
15,763 |
15,771 |
16,350 |
|
Benefit Obligation |
1.6 |
1.4 |
1.7 |
1.5 |
1.5 |
|
Fair Value of Plan Assets |
0.9 |
0.9 |
1.3 |
1.3 |
1.3 |
|
Funded Status |
-0.6 |
-0.5 |
-0.4 |
-0.2 |
-0.2 |
|
Accumulated Benefit Obligation |
1.4 |
1.2 |
1.5 |
1.4 |
1.3 |
|
Total Funded Status |
-0.6 |
-0.5 |
-0.4 |
-0.2 |
-0.2 |
|
Discount Rate |
1.75% |
2.50% |
2.50% |
3.00% |
3.50% |
|
Rate of Compensation Increase |
2.00% |
1.50% |
1.50% |
2.00% |
2.50% |
|
Expected Rate of Return on Plan Assets |
1.50% |
2.00% |
1.50% |
1.50% |
2.00% |
|
Accrued Pension Liabilities |
-0.5 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
|
Net Assets Recognized on Balance Sheet |
-0.5 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.39004 |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income |
-6.2 |
10.1 |
1.4 |
-5.1 |
-4.5 |
|
Depreciation |
3.4 |
4.7 |
5.0 |
5.3 |
6.0 |
|
Extraordinary Items |
8.6 |
- |
- |
- |
- |
|
Amortization of Intangibles |
1.4 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Provision (Reversal of Provision) for Ba |
0.1 |
0.0 |
0.2 |
0.3 |
0.0 |
|
Amortization of Corporate Bonds Payable |
0.1 |
- |
- |
- |
- |
|
G/L on Disposal&Write-off of Properties |
-0.3 |
-3.2 |
0.4 |
-1.2 |
0.4 |
|
Gain/Loss on Disposal of Investments |
-1.5 |
0.0 |
-0.6 |
-0.4 |
-1.7 |
|
Inventory Devaluation & Obsolescence |
- |
-0.1 |
-2.8 |
4.0 |
-0.6 |
|
Equity Investment Gain/Loss |
0.0 |
-0.1 |
-0.6 |
-0.1 |
5.7 |
|
Cash Dividends from Equity Subsidiaries |
- |
0.0 |
0.0 |
0.1 |
- |
|
Impairment Loss on Assets for Lease |
- |
- |
- |
0.3 |
- |
|
Impairment Loss on Financial Assets |
0.5 |
0.0 |
1.4 |
0.9 |
1.7 |
|
Fncl. Assets/Liab Valuation Gain/Loss |
0.1 |
-1.3 |
-0.3 |
0.3 |
0.0 |
|
G/L on Redemption of Corporate Bonds |
0.0 |
- |
- |
- |
- |
|
Liquidation Loss |
- |
0.1 |
- |
0.0 |
- |
|
Employee Stock Option Excercised |
0.1 |
0.3 |
- |
- |
- |
|
Suspension of Business - Fire Ins. |
21.4 |
- |
- |
- |
- |
|
Financial Assets-Fair Value |
-2.2 |
0.2 |
-0.1 |
1.4 |
-1.5 |
|
Notes Receivable |
2.0 |
-0.6 |
-1.1 |
- |
- |
|
Notes&Accounts Receivable |
- |
- |
- |
7.2 |
2.1 |
|
Accounts Receivable |
-5.8 |
2.6 |
-4.3 |
- |
- |
|
Notes&Accounts Receivable - Related |
-0.1 |
0.1 |
0.2 |
0.6 |
-0.2 |
|
Inventories |
-19.0 |
-1.6 |
7.9 |
-1.7 |
-1.4 |
|
Property for Sale |
- |
- |
- |
- |
0.0 |
|
Pending Disposal Subsidiaries Assets |
- |
- |
- |
- |
0.0 |
|
Other Financial Assets |
1.2 |
-1.1 |
1.0 |
0.7 |
-1.3 |
|
Prepayment & Other Current Assets |
1.4 |
-0.2 |
0.4 |
2.1 |
-2.5 |
|
Deferred Tax Assets |
-1.5 |
0.0 |
0.4 |
-0.3 |
0.0 |
|
Notes Payable |
7.2 |
-1.1 |
2.7 |
- |
- |
|
Notes&Accounts Payable |
- |
- |
- |
-5.0 |
-3.3 |
|
Accounts Payable |
-0.9 |
1.0 |
0.5 |
- |
- |
|
Accounts Payable - Related Parties |
- |
- |
- |
-0.3 |
0.2 |
|
Tax Payable |
- |
- |
- |
- |
0.0 |
|
Accrued Expenses |
-0.3 |
0.6 |
0.4 |
-0.3 |
-0.4 |
|
Pending Disposal Subsidiaries Liability |
- |
- |
- |
- |
0.0 |
|
Advance Receipts |
-1.8 |
-0.9 |
0.3 |
-1.4 |
2.1 |
|
Other Current Liabilities |
2.7 |
-0.2 |
-0.7 |
-0.2 |
0.2 |
|
Accrued Pension Liabilities |
-0.1 |
-0.2 |
0.0 |
0.0 |
0.0 |
|
Deferred Income |
- |
- |
- |
- |
0.0 |
|
Other Liabilities |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
10.5 |
9.4 |
12.1 |
7.6 |
1.4 |
|
|
|
|
|
|
|
|
Financial Assets Held to Maturity |
- |
0.0 |
1.2 |
0.0 |
- |
|
Long Term Equity Investments Increase |
- |
-0.5 |
-0.3 |
- |
- |
|
Disposal of LT Equity Investment |
0.5 |
1.3 |
0.7 |
1.6 |
2.8 |
|
Purchase of LT Investments |
- |
- |
- |
-2.2 |
- |
|
Purchase of Financial Assets for Sale |
-24.3 |
0.0 |
-0.5 |
-0.5 |
- |
|
Sale of Financial Assets for Sale |
17.6 |
- |
- |
0.1 |
0.5 |
|
Pruchase of Financial Assets at Cost |
-0.1 |
-0.9 |
-0.2 |
-1.9 |
-1.1 |
|
Sale of Financial Assets at Cost |
- |
1.6 |
0.8 |
0.1 |
- |
|
Cap.Reduction of Fin. Assets-Cost Method |
- |
0.3 |
0.0 |
0.1 |
0.0 |
|
Purchase of Real Estate Investment |
- |
0.0 |
-11.0 |
0.0 |
- |
|
Capital Expenditure |
-65.3 |
-12.9 |
-19.6 |
-1.9 |
-4.5 |
|
Disposal of Fixed Assets |
0.5 |
19.8 |
0.3 |
5.3 |
45.3 |
|
Deferred Charges |
-2.1 |
-1.4 |
-0.3 |
-0.3 |
-0.2 |
|
Increase in Other Financial Assets |
- |
-0.2 |
- |
0.0 |
- |
|
Decrease in Other Financial Assets |
0.1 |
- |
0.1 |
0.1 |
0.8 |
|
Security Deposit Paid |
- |
- |
- |
- |
0.0 |
|
Capital Financing Recv.-Related Parties |
- |
- |
- |
0.0 |
2.5 |
|
Cash from Investing Activities |
-73.2 |
7.1 |
-28.8 |
0.4 |
46.1 |
|
|
|
|
|
|
|
|
Short Term Borrowings Increase/Decrease |
-8.1 |
-7.0 |
-8.7 |
1.2 |
-36.4 |
|
Short Term Notes Increase/Decrease |
-0.9 |
0.0 |
0.0 |
0.0 |
-1.9 |
|
Issuance of Corporate Bonds |
10.2 |
- |
- |
- |
- |
|
Redemption of Convertible Bonds |
-0.3 |
- |
- |
- |
- |
|
Long Term Borrowings Increase/Decrease |
36.5 |
-9.4 |
27.1 |
-7.4 |
-10.2 |
|
LT Notes Payables - Related Parties |
- |
- |
- |
- |
0.0 |
|
Security Deposit Received |
-0.2 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Cash Dividend - Common Stock |
-1.3 |
- |
- |
- |
- |
|
Cash Capital |
15.3 |
15.9 |
0.0 |
- |
- |
|
Treasury Share Repurchase |
-5.1 |
-2.3 |
-1.5 |
-3.3 |
- |
|
Disposal of Treasury Stock |
- |
- |
- |
0.0 |
0.0 |
|
Minority Interest |
0.3 |
- |
- |
- |
0.0 |
|
Cash from Financing Activities |
46.3 |
-2.8 |
16.9 |
-9.5 |
-48.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
0.5 |
0.0 |
0.1 |
0.1 |
|
Net Change in Cash |
-16.3 |
14.1 |
0.1 |
-1.4 |
-0.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
18.2 |
3.0 |
2.7 |
4.2 |
4.9 |
|
Net Cash - Ending Balance |
1.9 |
17.0 |
2.8 |
2.8 |
4.0 |
|
Cash Interest Paid |
2.2 |
1.6 |
1.6 |
2.2 |
2.8 |
|
Cash Taxes Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.39004 |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Gross Revenue |
207.4 |
160.2 |
130.0 |
150.2 |
175.8 |
|
Sales Returns and Allowances |
-1.6 |
-0.6 |
-0.4 |
-0.8 |
-1.2 |
|
Revenue |
205.8 |
159.6 |
129.6 |
149.4 |
174.6 |
|
Total Revenue |
205.8 |
159.6 |
129.6 |
149.4 |
174.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
198.7 |
149.1 |
123.3 |
150.1 |
168.1 |
|
Cost of Revenue, Total |
198.7 |
149.1 |
123.3 |
150.1 |
168.1 |
|
Gross Profit |
7.1 |
10.5 |
6.3 |
-0.8 |
6.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
6.4 |
6.2 |
4.8 |
5.2 |
5.0 |
|
Total Selling/General/Administrative Expenses |
6.4 |
6.2 |
4.8 |
5.2 |
5.0 |
|
Research & Development |
- |
- |
- |
- |
0.0 |
|
Impairment-Assets Held for Use |
- |
- |
1.4 |
1.2 |
1.7 |
|
Unusual Expense (Income) |
- |
- |
1.4 |
1.2 |
1.7 |
|
Total Operating Expense |
205.1 |
155.3 |
129.5 |
156.5 |
174.8 |
|
|
|
|
|
|
|
|
Operating Income |
0.7 |
4.2 |
0.1 |
-7.1 |
-0.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-2.2 |
-1.5 |
-1.6 |
-2.0 |
-2.9 |
|
Interest Expense, Net Non-Operating |
-2.2 |
-1.5 |
-1.6 |
-2.0 |
-2.9 |
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Investment Income -
Non-Operating |
1.7 |
1.8 |
1.4 |
0.3 |
-3.9 |
|
Interest/Investment Income - Non-Operating |
1.7 |
1.8 |
1.5 |
0.4 |
-3.7 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.4 |
0.3 |
-0.1 |
-1.6 |
-6.6 |
|
Gain (Loss) on Sale of Assets |
0.3 |
3.2 |
-0.4 |
1.2 |
-0.4 |
|
Other Non-Operating Income (Expense) |
2.1 |
2.4 |
2.1 |
2.5 |
2.7 |
|
Other, Net |
2.1 |
2.4 |
2.1 |
2.5 |
2.7 |
|
Income Before Tax |
2.6 |
10.1 |
1.7 |
-5.1 |
-4.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
|
Income After Tax |
2.4 |
10.1 |
1.4 |
-5.1 |
-4.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.8 |
-1.4 |
-0.3 |
0.4 |
4.6 |
|
Net Income Before Extraord Items |
1.7 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
Extraord Items |
-8.6 |
- |
- |
- |
- |
|
Total Extraord Items |
-8.6 |
- |
- |
- |
- |
|
Net Income |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
1.7 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
258.6 |
204.8 |
210.0 |
252.5 |
258.4 |
|
Basic EPS Excl Extraord Items |
0.01 |
0.04 |
0.01 |
-0.02 |
- |
|
Basic/Primary EPS Incl Extraord Items |
-0.03 |
0.04 |
0.01 |
-0.02 |
- |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
Diluted Weighted Average Shares |
258.6 |
205.0 |
210.0 |
252.5 |
258.4 |
|
Diluted EPS Excl Extraord Items |
0.01 |
0.04 |
0.01 |
-0.02 |
- |
|
Diluted EPS Incl Extraord Items |
-0.03 |
0.04 |
0.01 |
-0.02 |
- |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
1.7 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
2.2 |
1.5 |
1.6 |
2.0 |
2.9 |
|
Depreciation, Supplemental |
3.4 |
4.7 |
5.0 |
4.7 |
5.7 |
|
Total Special Items |
-0.3 |
-3.2 |
1.8 |
0.0 |
2.1 |
|
Normalized Income Before Tax |
2.3 |
6.9 |
3.5 |
-5.1 |
-2.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.4 |
0.0 |
0.7 |
|
Inc Tax Ex Impact of Sp Items |
0.2 |
0.0 |
0.7 |
0.0 |
0.7 |
|
Normalized Income After Tax |
2.1 |
6.8 |
2.9 |
-5.1 |
-3.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.4 |
5.5 |
2.5 |
-4.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.03 |
0.01 |
-0.02 |
0.01 |
|
Diluted Normalized EPS |
0.01 |
0.03 |
0.01 |
-0.02 |
0.01 |
|
Amort of Intangibles, Supplemental |
1.4 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Research & Development Exp, Supplemental |
- |
- |
- |
- |
0.0 |
|
Normalized EBIT |
0.7 |
4.2 |
1.5 |
-6.0 |
1.5 |
|
Normalized EBITDA |
5.4 |
9.1 |
6.8 |
-1.0 |
7.3 |
|
Current Tax - Total |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Tax - Total |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Tax - Total |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Deferred Tax - Total |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Other Tax |
- |
- |
- |
- |
0.0 |
|
Income Tax - Total |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
|
Interest Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Service Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Prior Service Cost - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Expected Return on Assets - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Curtailments & Settlements - Domestic |
- |
- |
- |
- |
-0.1 |
|
Transition Costs - Domestic |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Domestic Pension Plan Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Defined Contribution Expense - Domestic |
0.3 |
0.1 |
0.1 |
0.1 |
- |
|
Total Pension Expense |
0.3 |
0.2 |
0.2 |
0.3 |
0.0 |
|
Discount Rate - Domestic |
1.75% |
2.50% |
2.50% |
3.00% |
3.50% |
|
Expected Rate of Return - Domestic |
1.50% |
2.00% |
1.50% |
1.50% |
2.00% |
|
Compensation Rate - Domestic |
2.00% |
1.50% |
1.50% |
2.00% |
2.50% |
|
Total Plan Interest Cost |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Total Plan Service Cost |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Plan Expected Return |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.7102 |
30.256909 |
29.146237 |
28.855204 |
29.305764 |
|
|
|
|
|
|
|
|
Gross Revenue |
45.2 |
43.2 |
52.1 |
55.2 |
57.3 |
|
Sales Returns and Allowances |
-0.3 |
-0.4 |
-0.4 |
-0.7 |
-0.1 |
|
Revenue |
44.8 |
42.8 |
51.7 |
54.5 |
57.1 |
|
Total Revenue |
44.8 |
42.8 |
51.7 |
54.5 |
57.1 |
|
|
|
|
|
|
|
|
Cost of Revenue |
44.2 |
42.7 |
51.2 |
52.6 |
52.4 |
|
Cost of Revenue, Total |
44.2 |
42.7 |
51.2 |
52.6 |
52.4 |
|
Gross Profit |
0.7 |
0.1 |
0.5 |
1.9 |
4.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1.8 |
1.3 |
1.8 |
1.5 |
1.8 |
|
Total Selling/General/Administrative Expenses |
1.8 |
1.3 |
1.8 |
1.5 |
1.8 |
|
Total Operating Expense |
46.0 |
44.0 |
53.0 |
54.1 |
54.2 |
|
|
|
|
|
|
|
|
Operating Income |
-1.1 |
-1.2 |
-1.4 |
0.4 |
2.9 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.7 |
-0.6 |
-0.7 |
-0.5 |
-0.4 |
|
Interest Expense, Net Non-Operating |
-0.7 |
-0.6 |
-0.7 |
-0.5 |
-0.4 |
|
Interest Income -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investment Income -
Non-Operating |
0.5 |
0.6 |
0.4 |
0.4 |
0.3 |
|
Interest/Investment Income - Non-Operating |
0.5 |
0.7 |
0.4 |
0.4 |
0.3 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.2 |
0.1 |
-0.3 |
-0.1 |
-0.2 |
|
Gain (Loss) on Sale of Assets |
2.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Other Non-Operating Income (Expense) |
0.6 |
0.4 |
0.6 |
0.5 |
0.6 |
|
Other, Net |
0.6 |
0.4 |
0.6 |
0.5 |
0.6 |
|
Income Before Tax |
1.3 |
-0.7 |
-1.1 |
0.7 |
3.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Income After Tax |
1.3 |
-0.9 |
-1.1 |
0.7 |
3.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-1.1 |
0.1 |
-0.3 |
-0.2 |
-0.3 |
|
Net Income Before Extraord Items |
0.2 |
-0.8 |
-1.4 |
0.5 |
3.5 |
|
Extraord Items |
- |
0.0 |
0.5 |
-9.2 |
- |
|
Total Extraord Items |
- |
0.0 |
0.5 |
-9.2 |
- |
|
Net Income |
0.2 |
-0.9 |
-0.9 |
-8.7 |
3.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
0.2 |
-0.8 |
-1.4 |
0.5 |
3.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
0.2 |
-0.9 |
-0.9 |
-8.7 |
3.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
258.8 |
254.8 |
302.2 |
237.6 |
231.8 |
|
Basic EPS Excl Extraord Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
|
Basic/Primary EPS Incl Extraord Items |
0.00 |
0.00 |
0.00 |
-0.04 |
0.01 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
0.2 |
-0.9 |
-0.9 |
-8.7 |
3.5 |
|
Diluted Weighted Average Shares |
258.8 |
254.8 |
302.2 |
237.6 |
232.2 |
|
Diluted EPS Excl Extraord Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
|
Diluted EPS Incl Extraord Items |
0.00 |
0.00 |
0.00 |
-0.04 |
0.01 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
0.7 |
0.6 |
0.7 |
0.5 |
0.4 |
|
Depreciation, Supplemental |
0.7 |
0.7 |
0.7 |
0.9 |
1.0 |
|
Total Special Items |
-2.0 |
0.0 |
0.0 |
0.0 |
-0.3 |
|
Normalized Income Before Tax |
-0.7 |
-0.8 |
-1.1 |
0.7 |
3.4 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
0.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Normalized Income After Tax |
-0.7 |
-0.9 |
-1.1 |
0.7 |
3.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-1.8 |
-0.8 |
-1.4 |
0.5 |
3.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.01 |
0.00 |
0.00 |
0.00 |
0.01 |
|
Diluted Normalized EPS |
-0.01 |
0.00 |
0.00 |
0.00 |
0.01 |
|
Amort of Intangibles, Supplemental |
0.8 |
0.5 |
0.4 |
0.3 |
0.4 |
|
Normalized EBIT |
-1.1 |
-1.2 |
-1.4 |
0.4 |
2.9 |
|
Normalized EBITDA |
0.4 |
-0.1 |
-0.2 |
1.6 |
4.4 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
30.279 |
29.1565 |
31.985 |
32.818 |
32.4345 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash & Equivalents |
1.9 |
18.4 |
2.9 |
2.7 |
4.1 |
|
Short Term Investments |
8.5 |
8.6 |
2.4 |
3.6 |
5.2 |
|
Cash and Short Term Investments |
10.3 |
27.0 |
5.3 |
6.3 |
9.3 |
|
Accounts Receivable -
Trade, Gross |
18.6 |
13.5 |
14.9 |
9.2 |
12.3 |
|
Provision for Doubtful
Accounts |
-0.5 |
-0.5 |
-0.5 |
-0.4 |
-0.2 |
|
Trade Accounts Receivable - Net |
18.6 |
13.3 |
14.8 |
10.7 |
14.3 |
|
Notes Receivable - Short Term |
2.0 |
4.1 |
3.2 |
2.0 |
6.0 |
|
Total Receivables, Net |
20.6 |
17.4 |
18.0 |
12.7 |
20.3 |
|
Inventories - Finished Goods |
19.8 |
14.1 |
16.7 |
28.6 |
25.0 |
|
Inventories - Work In Progress |
1.4 |
1.2 |
1.1 |
0.6 |
1.6 |
|
Inventories - Raw Materials |
3.3 |
10.0 |
3.6 |
1.7 |
3.1 |
|
Inventories - Other |
- |
- |
- |
-4.1 |
-0.5 |
|
Total Inventory |
24.5 |
25.3 |
21.5 |
26.8 |
29.1 |
|
Prepaid Expenses |
0.3 |
2.1 |
2.0 |
2.7 |
3.9 |
|
Other Current Assets |
1.3 |
2.2 |
1.5 |
1.0 |
5.5 |
|
Other Current Assets, Total |
1.3 |
2.2 |
1.5 |
1.0 |
5.5 |
|
Total Current Assets |
57.0 |
74.0 |
48.2 |
49.4 |
68.2 |
|
|
|
|
|
|
|
|
Buildings |
22.9 |
31.8 |
35.1 |
32.8 |
30.1 |
|
Land/Improvements |
74.9 |
26.2 |
25.5 |
21.0 |
21.1 |
|
Machinery/Equipment |
27.9 |
60.2 |
75.7 |
74.9 |
74.5 |
|
Construction in
Progress |
14.0 |
14.7 |
1.3 |
1.4 |
1.7 |
|
Leases |
62.7 |
58.8 |
51.6 |
37.5 |
37.1 |
|
Other
Property/Plant/Equipment |
- |
- |
- |
0.0 |
1.8 |
|
Property/Plant/Equipment - Gross |
202.6 |
191.8 |
189.2 |
167.6 |
166.4 |
|
Accumulated Depreciation |
-48.4 |
-82.7 |
-82.7 |
-75.4 |
-70.6 |
|
Property/Plant/Equipment - Net |
154.2 |
109.1 |
106.5 |
92.2 |
95.8 |
|
Intangibles, Net |
1.3 |
1.3 |
1.3 |
1.3 |
1.2 |
|
LT Investment - Affiliate Companies |
- |
1.5 |
5.3 |
5.0 |
6.5 |
|
LT Investments - Other |
23.2 |
18.6 |
18.8 |
6.6 |
6.1 |
|
Long Term Investments |
23.2 |
20.2 |
24.1 |
11.6 |
12.7 |
|
Deferred Charges |
2.4 |
1.8 |
0.5 |
0.3 |
0.2 |
|
Deferred Income Tax - Long Term Asset |
1.8 |
0.3 |
1.8 |
1.5 |
1.5 |
|
Other Long Term Assets |
- |
- |
- |
0.1 |
0.0 |
|
Other Long Term Assets, Total |
4.2 |
2.1 |
2.3 |
1.9 |
1.7 |
|
Total Assets |
239.9 |
206.7 |
182.4 |
156.3 |
179.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
2.0 |
3.0 |
1.7 |
1.2 |
1.9 |
|
Accrued Expenses |
2.4 |
2.8 |
1.9 |
1.4 |
1.8 |
|
Notes Payable/Short Term Debt |
35.9 |
39.2 |
43.7 |
48.7 |
52.4 |
|
Current Portion - Long Term Debt/Capital Leases |
5.7 |
1.0 |
4.5 |
2.4 |
7.2 |
|
Customer Advances |
0.5 |
2.2 |
2.9 |
1.7 |
3.1 |
|
Other Current Liabilities |
2.6 |
0.0 |
1.0 |
0.9 |
1.1 |
|
Other Current liabilities, Total |
3.1 |
2.2 |
3.9 |
2.6 |
4.2 |
|
Total Current Liabilities |
49.2 |
48.2 |
55.7 |
56.3 |
67.4 |
|
|
|
|
|
|
|
|
Long Term Debt |
66.4 |
28.9 |
31.2 |
6.0 |
8.4 |
|
Total Long Term Debt |
66.4 |
28.9 |
31.2 |
6.0 |
8.4 |
|
Total Debt |
108.1 |
69.1 |
79.5 |
57.0 |
68.0 |
|
|
|
|
|
|
|
|
Minority Interest |
11.2 |
13.7 |
12.2 |
11.9 |
13.0 |
|
Reserves |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Pension Benefits - Underfunded |
0.5 |
0.6 |
0.7 |
0.7 |
0.7 |
|
Other Long Term Liabilities |
0.5 |
0.8 |
0.8 |
0.8 |
0.8 |
|
Other Liabilities, Total |
1.2 |
1.5 |
1.7 |
1.6 |
1.6 |
|
Total Liabilities |
128.0 |
92.4 |
100.8 |
75.7 |
90.5 |
|
|
|
|
|
|
|
|
Common Stock |
105.0 |
94.4 |
70.4 |
72.2 |
112.6 |
|
Common Stock |
105.0 |
94.4 |
70.4 |
72.2 |
112.6 |
|
Additional Paid-In Capital |
16.3 |
16.2 |
14.6 |
12.1 |
10.3 |
|
Retained Earnings (Accumulated Deficit) |
-6.1 |
5.5 |
-3.6 |
-4.5 |
-33.8 |
|
Treasury Stock - Common |
-7.7 |
-6.0 |
-4.3 |
-3.9 |
-3.6 |
|
Unrealized Gain (Loss) |
0.9 |
1.6 |
1.5 |
1.3 |
1.5 |
|
Translation Adjustment |
3.5 |
2.6 |
3.1 |
3.3 |
2.0 |
|
Minimum Pension Liability Adjustment |
- |
0.0 |
0.0 |
- |
- |
|
Other Equity, Total |
3.5 |
2.6 |
3.0 |
3.3 |
2.0 |
|
Total Equity |
111.9 |
114.3 |
81.6 |
80.6 |
89.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
239.9 |
206.7 |
182.4 |
156.3 |
179.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
259.9 |
242.2 |
203.0 |
219.5 |
348.0 |
|
Total Common Shares Outstanding |
259.9 |
242.2 |
203.0 |
219.5 |
348.0 |
|
Treasury Shares - Common Stock Primary Issue |
57.9 |
42.4 |
35.8 |
31.9 |
39.4 |
|
Employees |
495 |
483 |
425 |
379 |
469 |
|
Number of Common Shareholders |
20,312 |
19,966 |
15,763 |
15,771 |
16,350 |
|
Deferred Revenue - Current |
0.5 |
2.2 |
2.9 |
1.7 |
3.1 |
|
Pension Obligation - Domestic |
1.6 |
1.4 |
1.7 |
1.5 |
1.5 |
|
Plan Assets - Domestic |
0.9 |
0.9 |
1.3 |
1.3 |
1.3 |
|
Funded Status - Domestic |
-0.6 |
-0.5 |
-0.4 |
-0.2 |
-0.2 |
|
Accumulated Obligation - Domestic |
1.4 |
1.2 |
1.5 |
1.4 |
1.3 |
|
Total Funded Status |
-0.6 |
-0.5 |
-0.4 |
-0.2 |
-0.2 |
|
Discount Rate - Domestic |
1.75% |
2.50% |
2.50% |
3.00% |
3.50% |
|
Expected Rate of Return - Domestic |
1.50% |
2.00% |
1.50% |
1.50% |
2.00% |
|
Compensation Rate - Domestic |
2.00% |
1.50% |
1.50% |
2.00% |
2.50% |
|
Accrued Liabilities - Domestic |
-0.5 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
|
Net Assets Recognized on Balance Sheet |
-0.5 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
|
Total Plan Obligations |
1.6 |
1.4 |
1.7 |
1.5 |
1.5 |
|
Total Plan Assets |
0.9 |
0.9 |
1.3 |
1.3 |
1.3 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
29.565976 |
30.279 |
30.475 |
28.7235 |
29.4065 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
3.0 |
1.9 |
3.8 |
18.6 |
3.5 |
|
Short Term Investments |
6.2 |
8.5 |
11.8 |
8.4 |
9.1 |
|
Cash and Short Term Investments |
9.2 |
10.3 |
15.6 |
27.0 |
12.6 |
|
Accounts Receivable -
Trade, Gross |
20.5 |
18.6 |
16.2 |
17.0 |
18.5 |
|
Provision for Doubtful
Accounts |
-0.5 |
-0.5 |
-0.4 |
-0.5 |
-0.5 |
|
Trade Accounts Receivable - Net |
20.3 |
18.6 |
16.1 |
17.2 |
18.4 |
|
Notes Receivable - Short Term |
2.7 |
2.0 |
2.0 |
2.2 |
2.7 |
|
Other Receivables |
- |
- |
21.3 |
22.2 |
- |
|
Total Receivables, Net |
23.0 |
20.6 |
39.4 |
41.6 |
21.2 |
|
Inventories - Finished Goods |
18.3 |
19.8 |
16.1 |
17.2 |
26.5 |
|
Inventories - Work In Progress |
1.7 |
1.4 |
1.5 |
1.4 |
2.5 |
|
Inventories - Raw Materials |
4.0 |
3.3 |
3.6 |
3.5 |
10.4 |
|
Total Inventory |
24.0 |
24.5 |
21.2 |
22.2 |
39.3 |
|
Prepaid Expenses |
1.8 |
0.3 |
1.5 |
2.0 |
0.9 |
|
Other Current Assets |
1.8 |
1.3 |
1.3 |
3.0 |
2.9 |
|
Other Current Assets, Total |
1.8 |
1.3 |
1.3 |
3.0 |
2.9 |
|
Total Current Assets |
59.6 |
57.0 |
79.0 |
95.9 |
77.0 |
|
|
|
|
|
|
|
|
Buildings |
28.9 |
22.9 |
25.3 |
25.4 |
38.2 |
|
Land/Improvements |
88.1 |
74.9 |
74.5 |
48.0 |
46.9 |
|
Machinery/Equipment |
28.7 |
27.9 |
27.9 |
28.6 |
60.4 |
|
Construction in
Progress |
14.1 |
14.0 |
9.0 |
17.4 |
10.9 |
|
Leases |
55.8 |
62.7 |
56.8 |
59.9 |
58.4 |
|
Property/Plant/Equipment - Gross |
215.5 |
202.6 |
193.6 |
179.3 |
214.9 |
|
Accumulated Depreciation |
-42.1 |
-48.4 |
-47.3 |
-49.2 |
-83.0 |
|
Property/Plant/Equipment - Net |
173.5 |
154.2 |
146.3 |
130.1 |
131.9 |
|
Intangibles, Net |
1.3 |
1.3 |
1.3 |
1.3 |
1.3 |
|
LT Investment - Affiliate Companies |
- |
- |
1.5 |
1.6 |
1.5 |
|
LT Investments - Other |
33.9 |
23.2 |
28.7 |
18.7 |
18.6 |
|
Long Term Investments |
33.9 |
23.2 |
30.1 |
20.3 |
20.1 |
|
Deferred Charges |
1.7 |
2.4 |
1.4 |
1.4 |
2.6 |
|
Deferred Income Tax - Long Term Asset |
1.9 |
1.8 |
1.8 |
0.3 |
0.3 |
|
Other Long Term Assets, Total |
3.5 |
4.2 |
3.2 |
1.7 |
2.9 |
|
Total Assets |
271.8 |
239.9 |
259.9 |
249.2 |
233.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
2.3 |
2.0 |
1.9 |
1.0 |
2.6 |
|
Accrued Expenses |
2.4 |
2.4 |
3.3 |
3.4 |
3.2 |
|
Notes Payable/Short Term Debt |
33.5 |
35.9 |
32.7 |
57.0 |
45.5 |
|
Current Portion - Long Term Debt/Capital Leases |
6.0 |
5.7 |
0.9 |
0.8 |
0.9 |
|
Customer Advances |
1.4 |
0.5 |
0.5 |
1.9 |
3.0 |
|
Other Current Liabilities |
2.1 |
2.6 |
3.3 |
3.1 |
1.5 |
|
Other Current liabilities, Total |
3.4 |
3.1 |
3.8 |
5.1 |
4.5 |
|
Total Current Liabilities |
47.6 |
49.2 |
42.7 |
67.4 |
56.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
95.4 |
66.4 |
87.4 |
56.4 |
45.6 |
|
Total Long Term Debt |
95.4 |
66.4 |
87.4 |
56.4 |
45.6 |
|
Total Debt |
134.9 |
108.1 |
121.0 |
114.3 |
92.0 |
|
|
|
|
|
|
|
|
Minority Interest |
12.9 |
11.2 |
11.5 |
13.3 |
13.0 |
|
Reserves |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Pension Benefits - Underfunded |
0.5 |
0.5 |
0.6 |
0.7 |
0.6 |
|
Other Long Term Liabilities |
0.6 |
0.5 |
0.8 |
2.5 |
0.8 |
|
Other Liabilities, Total |
1.3 |
1.2 |
1.5 |
3.3 |
1.5 |
|
Total Liabilities |
157.3 |
128.0 |
143.1 |
140.4 |
116.8 |
|
|
|
|
|
|
|
|
Common Stock |
107.5 |
105.0 |
110.9 |
98.9 |
93.6 |
|
Common Stock |
107.5 |
105.0 |
110.9 |
98.9 |
93.6 |
|
Additional Paid-In Capital |
16.7 |
16.3 |
14.6 |
17.2 |
16.2 |
|
Retained Earnings (Accumulated Deficit) |
-6.1 |
-6.1 |
-5.3 |
-4.6 |
8.9 |
|
Treasury Stock - Common |
-8.0 |
-7.7 |
-7.4 |
-6.8 |
-6.7 |
|
Unrealized Gain (Loss) |
1.3 |
0.9 |
0.5 |
1.5 |
1.6 |
|
Translation Adjustment |
3.2 |
3.5 |
3.5 |
2.7 |
2.8 |
|
Other Equity, Total |
3.2 |
3.5 |
3.5 |
2.7 |
2.8 |
|
Total Equity |
114.6 |
111.9 |
116.8 |
108.8 |
116.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
271.8 |
239.9 |
259.9 |
249.2 |
233.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
258.8 |
259.9 |
282.4 |
237.3 |
237.4 |
|
Total Common Shares Outstanding |
258.8 |
259.9 |
282.4 |
237.3 |
237.4 |
|
Treasury Shares - Common Stock Primary Issue |
59.1 |
57.9 |
55.5 |
47.4 |
47.2 |
|
Employees |
- |
495 |
- |
469 |
- |
|
Deferred Revenue - Current |
1.4 |
0.5 |
0.5 |
1.9 |
3.0 |
|
Accrued Liabilities - Domestic |
-0.5 |
-0.5 |
-0.6 |
-0.7 |
-0.6 |
|
Net Assets Recognized on Balance Sheet |
-0.5 |
-0.5 |
-0.6 |
-0.7 |
-0.6 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.39004 |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
-6.2 |
10.1 |
1.4 |
-5.1 |
-4.5 |
|
Depreciation |
3.4 |
4.7 |
5.0 |
5.3 |
6.0 |
|
Depreciation/Depletion |
3.4 |
4.7 |
5.0 |
5.3 |
6.0 |
|
Amortization of Intangibles |
1.4 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Amortization |
1.4 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Deferred Taxes |
-1.5 |
0.0 |
0.4 |
-0.3 |
0.0 |
|
Extraord Items |
8.6 |
- |
- |
- |
- |
|
Unusual Items |
20.1 |
-3.2 |
1.2 |
-0.4 |
0.4 |
|
Equity in Net Earnings (Loss) |
0.0 |
-0.1 |
-0.6 |
-0.1 |
5.7 |
|
Other Non-Cash Items |
0.3 |
-1.0 |
-2.8 |
4.7 |
-0.6 |
|
Non-Cash Items |
29.0 |
-4.3 |
-2.2 |
4.2 |
5.5 |
|
Accounts Receivable |
-3.9 |
2.1 |
-5.2 |
7.9 |
2.0 |
|
Inventories |
-19.0 |
-1.6 |
7.9 |
-1.7 |
-1.4 |
|
Prepaid Expenses |
1.4 |
-0.2 |
0.4 |
2.1 |
-2.5 |
|
Other Assets |
-1.0 |
-0.9 |
1.0 |
2.0 |
-2.8 |
|
Accounts Payable |
-0.9 |
1.0 |
0.5 |
-5.3 |
-3.0 |
|
Accrued Expenses |
-0.3 |
0.6 |
0.4 |
-0.3 |
-0.4 |
|
Taxes Payable |
- |
- |
- |
- |
0.0 |
|
Other Liabilities |
8.1 |
-2.4 |
2.3 |
-1.6 |
2.2 |
|
Changes in Working Capital |
-15.6 |
-1.3 |
7.2 |
3.1 |
-5.8 |
|
Cash from Operating Activities |
10.5 |
9.4 |
12.1 |
7.6 |
1.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-65.3 |
-12.9 |
-19.6 |
-1.9 |
-4.5 |
|
Capital Expenditures |
-65.3 |
-12.9 |
-19.6 |
-1.9 |
-4.5 |
|
Sale of Fixed Assets |
0.5 |
19.8 |
0.3 |
5.3 |
45.3 |
|
Sale/Maturity of Investment |
18.2 |
2.9 |
1.6 |
1.9 |
4.1 |
|
Investment, Net |
- |
0.0 |
1.2 |
0.0 |
- |
|
Purchase of Investments |
-24.5 |
-1.6 |
-12.1 |
-4.7 |
-1.1 |
|
Other Investing Cash Flow |
-2.1 |
-1.1 |
-0.3 |
-0.2 |
2.3 |
|
Other Investing Cash Flow Items, Total |
-7.9 |
19.9 |
-9.2 |
2.4 |
50.6 |
|
Cash from Investing Activities |
-73.2 |
7.1 |
-28.8 |
0.4 |
46.1 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Financing Cash Flow Items |
0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Cash Dividends Paid - Common |
-1.3 |
- |
- |
- |
- |
|
Total Cash Dividends Paid |
-1.3 |
- |
- |
- |
- |
|
Sale/Issuance of
Common |
15.3 |
15.9 |
0.0 |
0.0 |
0.0 |
|
Repurchase/Retirement
of Common |
-5.1 |
-2.3 |
-1.5 |
-3.3 |
- |
|
Common Stock, Net |
10.2 |
13.6 |
-1.5 |
-3.3 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
10.2 |
13.6 |
-1.5 |
-3.3 |
0.0 |
|
Short Term Debt, Net |
-9.1 |
-7.0 |
-8.7 |
1.2 |
-38.3 |
|
Long Term Debt Issued |
10.2 |
- |
- |
- |
- |
|
Long Term Debt
Reduction |
-0.3 |
- |
- |
- |
0.0 |
|
Long Term Debt, Net |
46.3 |
-9.4 |
27.1 |
-7.4 |
-10.2 |
|
Issuance (Retirement) of Debt, Net |
37.2 |
-16.4 |
18.4 |
-6.2 |
-48.5 |
|
Cash from Financing Activities |
46.3 |
-2.8 |
16.9 |
-9.5 |
-48.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
0.5 |
0.0 |
0.1 |
0.1 |
|
Net Change in Cash |
-16.3 |
14.1 |
0.1 |
-1.4 |
-0.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
18.2 |
3.0 |
2.7 |
4.2 |
4.9 |
|
Net Cash - Ending Balance |
1.9 |
17.0 |
2.8 |
2.8 |
4.0 |
|
Cash Interest Paid |
2.2 |
1.6 |
1.6 |
2.2 |
2.8 |
|
Cash Taxes Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.7102 |
29.39004 |
29.099862 |
29.074238 |
29.305764 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1.3 |
-6.2 |
-5.2 |
-4.7 |
3.7 |
|
Depreciation |
0.7 |
3.4 |
2.7 |
1.9 |
1.0 |
|
Depreciation/Depletion |
0.7 |
3.4 |
2.7 |
1.9 |
1.0 |
|
Amortization of Intangibles |
0.8 |
1.4 |
0.9 |
0.6 |
0.4 |
|
Amortization |
0.8 |
1.4 |
0.9 |
0.6 |
0.4 |
|
Deferred Taxes |
- |
-1.5 |
0.0 |
0.0 |
- |
|
Extraord Items |
- |
8.6 |
8.7 |
9.1 |
- |
|
Unusual Items |
-2.0 |
20.1 |
-0.2 |
-0.3 |
-0.3 |
|
Equity in Net Earnings (Loss) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Non-Cash Items |
-0.3 |
0.3 |
-0.1 |
0.1 |
-0.3 |
|
Non-Cash Items |
-2.3 |
29.0 |
8.3 |
8.9 |
-0.7 |
|
Accounts Receivable |
-1.9 |
-3.9 |
-1.2 |
-1.7 |
-3.8 |
|
Inventories |
1.1 |
-19.0 |
-16.7 |
-16.4 |
-14.3 |
|
Prepaid Expenses |
-1.3 |
1.4 |
0.6 |
- |
1.2 |
|
Other Assets |
0.8 |
-1.0 |
-4.6 |
-0.1 |
-2.1 |
|
Accounts Payable |
0.2 |
-0.9 |
-1.0 |
-2.0 |
-0.4 |
|
Accrued Expenses |
-0.1 |
-0.3 |
0.6 |
0.6 |
0.5 |
|
Other Liabilities |
-0.1 |
8.1 |
1.6 |
5.5 |
12.0 |
|
Changes in Working Capital |
-1.3 |
-15.6 |
-20.6 |
-14.0 |
-7.0 |
|
Cash from Operating Activities |
-0.8 |
10.5 |
-14.0 |
-7.2 |
-2.4 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-27.6 |
-65.3 |
-57.7 |
-32.3 |
-24.6 |
|
Capital Expenditures |
-27.6 |
-65.3 |
-57.7 |
-32.3 |
-24.6 |
|
Sale of Fixed Assets |
2.0 |
0.5 |
1.3 |
1.3 |
1.2 |
|
Sale/Maturity of Investment |
5.1 |
18.2 |
0.2 |
0.0 |
0.4 |
|
Purchase of Investments |
-1.6 |
-24.5 |
-13.3 |
-0.1 |
-0.3 |
|
Other Investing Cash Flow |
-0.6 |
-2.1 |
-0.5 |
-0.1 |
-1.0 |
|
Other Investing Cash Flow Items, Total |
5.0 |
-7.9 |
-12.2 |
1.1 |
0.2 |
|
Cash from Investing Activities |
-22.6 |
-73.2 |
-69.9 |
-31.3 |
-24.4 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
0.0 |
0.1 |
0.8 |
1.9 |
0.4 |
|
Financing Cash Flow Items |
0.0 |
0.1 |
0.8 |
1.9 |
0.4 |
|
Cash Dividends Paid - Common |
- |
-1.3 |
- |
- |
- |
|
Total Cash Dividends Paid |
- |
-1.3 |
- |
- |
- |
|
Sale/Issuance of
Common |
- |
15.3 |
15.5 |
- |
- |
|
Repurchase/Retirement
of Common |
0.0 |
-5.1 |
-4.5 |
-2.1 |
-2.0 |
|
Common Stock, Net |
0.0 |
10.2 |
11.0 |
-2.1 |
-2.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
10.2 |
11.0 |
-2.1 |
-2.0 |
|
Short Term Debt, Net |
-2.8 |
-9.1 |
-6.6 |
12.2 |
-3.2 |
|
Long Term Debt Issued |
- |
10.2 |
10.3 |
9.6 |
- |
|
Long Term Debt
Reduction |
- |
-0.3 |
-0.1 |
- |
- |
|
Long Term Debt, Net |
27.4 |
46.3 |
64.3 |
26.5 |
16.9 |
|
Issuance (Retirement) of Debt, Net |
24.6 |
37.2 |
57.7 |
38.7 |
13.7 |
|
Cash from Financing Activities |
24.5 |
46.3 |
69.4 |
38.5 |
12.1 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Net Change in Cash |
1.1 |
-16.3 |
-14.4 |
0.0 |
-14.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1.9 |
18.2 |
18.4 |
18.4 |
18.3 |
|
Net Cash - Ending Balance |
3.0 |
1.9 |
4.0 |
18.4 |
3.5 |
|
Cash Interest Paid |
0.6 |
2.2 |
1.5 |
0.9 |
0.4 |
|
Cash Taxes Paid |
- |
0.0 |
0.0 |
0.0 |
- |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.39004 |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Gross Sales |
207.4 |
160.2 |
130.0 |
150.2 |
175.8 |
|
Sales Returns |
-0.4 |
-0.5 |
-0.2 |
-0.6 |
-1.0 |
|
Sales Discounts and Allowances |
-1.2 |
-0.1 |
-0.2 |
-0.2 |
-0.2 |
|
Total Revenue |
205.8 |
159.6 |
129.6 |
149.4 |
174.6 |
|
|
|
|
|
|
|
|
Cost of Sales |
198.7 |
149.1 |
123.3 |
150.1 |
168.7 |
|
Selling Expenses |
3.2 |
2.8 |
2.6 |
2.7 |
2.7 |
|
General and Administrative Expenses |
3.2 |
3.4 |
2.2 |
2.5 |
2.3 |
|
Research and Development |
- |
- |
- |
- |
0.0 |
|
Inventory Devaluation & Obsolescence |
- |
- |
- |
- |
0.0 |
|
Gain from Revaluation of Inventory |
- |
- |
- |
- |
-0.6 |
|
Impairment Loss |
- |
- |
1.4 |
1.2 |
1.7 |
|
Total Operating Expense |
205.1 |
155.3 |
129.5 |
156.5 |
174.8 |
|
|
|
|
|
|
|
|
Interest Income |
0.0 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Gain on Equity Investment |
0.0 |
0.1 |
0.6 |
0.1 |
-5.7 |
|
Dividend Income |
0.9 |
0.6 |
0.0 |
0.1 |
0.1 |
|
Gain on Sale of Fixed Assets |
0.3 |
3.2 |
0.0 |
1.2 |
- |
|
Gain/Loss on Sale of Investments |
1.5 |
0.0 |
0.6 |
0.4 |
1.7 |
|
Revaluation Loss on Fin. Liabilities |
-0.1 |
- |
- |
- |
- |
|
Foreign Exchange Gain/Loss |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Rent Income |
3.0 |
2.5 |
2.1 |
2.1 |
1.6 |
|
Gain on Sale of Scrap & Waste |
- |
- |
- |
- |
0.0 |
|
Revaluation G/L on Financial Assets |
-0.5 |
1.3 |
0.3 |
-0.3 |
0.0 |
|
Miscellaneous Income |
0.6 |
1.2 |
0.8 |
0.9 |
1.5 |
|
Interest Expense |
-2.2 |
-1.5 |
-1.6 |
-2.0 |
-2.9 |
|
Loss on Disposal of Fixed Assets |
- |
0.0 |
-0.4 |
0.0 |
-0.4 |
|
Miscellaneous Disbursements |
-1.6 |
-1.3 |
-0.8 |
-0.5 |
-0.5 |
|
Net Income Before Taxes |
2.6 |
10.1 |
1.7 |
-5.1 |
-4.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
|
Net Income After Taxes |
2.4 |
10.1 |
1.4 |
-5.1 |
-4.5 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.8 |
-1.4 |
-0.3 |
0.4 |
4.6 |
|
Net Income Before Extra. Items |
1.7 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
Extraordinary Item |
-8.6 |
- |
- |
- |
- |
|
Net Income |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
1.7 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
258.6 |
204.8 |
210.0 |
252.5 |
258.4 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.01 |
0.04 |
0.01 |
-0.02 |
- |
|
Basic EPS Including ExtraOrdinary Items |
-0.03 |
0.04 |
0.01 |
-0.02 |
- |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
-6.9 |
8.7 |
1.1 |
-4.7 |
0.0 |
|
Diluted Weighted Average Shares |
258.6 |
205.0 |
210.0 |
252.5 |
258.4 |
|
Diluted EPS Excluding ExtraOrd Items |
0.01 |
0.04 |
0.01 |
-0.02 |
- |
|
Diluted EPS Including ExtraOrd Items |
-0.03 |
0.04 |
0.01 |
-0.02 |
- |
|
DPS-Common Stock |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
1.7 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
2.3 |
6.9 |
3.5 |
-5.1 |
-2.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.2 |
0.0 |
0.7 |
0.0 |
0.7 |
|
Normalized Income After Taxes |
2.1 |
6.8 |
2.9 |
-5.1 |
-3.2 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.4 |
5.5 |
2.5 |
-4.7 |
1.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.03 |
0.01 |
-0.02 |
0.01 |
|
Diluted Normalized EPS |
0.01 |
0.03 |
0.01 |
-0.02 |
0.01 |
|
Interest Expense, Supplemental |
2.2 |
1.5 |
1.6 |
2.0 |
2.9 |
|
Research and Development |
- |
- |
- |
- |
0.0 |
|
Depreciation - Discontinued Operation |
- |
1.0 |
1.7 |
- |
- |
|
Depreciation - Operating Cost |
2.2 |
2.7 |
2.6 |
4.4 |
5.6 |
|
Depreciation - Operating Expense |
0.5 |
0.1 |
0.0 |
0.3 |
0.1 |
|
Depreciation - Leased Assets |
0.6 |
0.9 |
0.7 |
- |
- |
|
Amortization - Discontinued Operation |
- |
0.1 |
0.1 |
- |
- |
|
Amortization - Operating Cost |
1.2 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Amortization - Operating Expense |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization - Leased Assets |
0.1 |
0.0 |
0.0 |
- |
- |
|
Current Tax Payable |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Tax - Total |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Tax |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Deferred Tax - Total |
0.1 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Other Tax |
- |
- |
- |
- |
0.0 |
|
Income Tax - Total |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
|
Service Cost |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Cost |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Expected Return on Plan Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amort. Transitional Benefit Obligation |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Amortization of Prior Service Cost |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization of Actuarial Gains/Losses |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Curtailments |
- |
- |
- |
- |
-0.1 |
|
Domestic Pension Plan Expense |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Defined Contribution Expense - Domestic |
0.3 |
0.1 |
0.1 |
0.1 |
- |
|
Total Pension Expense |
0.3 |
0.2 |
0.2 |
0.3 |
0.0 |
|
Discount Rate |
1.75% |
2.50% |
2.50% |
3.00% |
3.50% |
|
Rate of Compensation Increase |
2.00% |
1.50% |
1.50% |
2.00% |
2.50% |
|
Expected Rate of Return on Plan Assets |
1.50% |
2.00% |
1.50% |
1.50% |
2.00% |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.7102 |
30.256909 |
29.146237 |
28.855204 |
29.305764 |
|
|
|
|
|
|
|
|
Gross Sales |
45.2 |
43.2 |
52.1 |
55.2 |
57.3 |
|
Sales Returns |
-0.1 |
-0.1 |
-0.2 |
-0.1 |
0.0 |
|
Sales Discounts and Allowances |
-0.2 |
-0.3 |
-0.2 |
-0.5 |
-0.1 |
|
Total Revenue |
44.8 |
42.8 |
51.7 |
54.5 |
57.1 |
|
|
|
|
|
|
|
|
Cost of Sales |
44.2 |
42.7 |
51.2 |
52.6 |
52.4 |
|
Selling Expense |
0.8 |
0.8 |
0.8 |
0.8 |
0.7 |
|
General and Administrative Expenses |
1.0 |
0.5 |
1.0 |
0.7 |
1.0 |
|
Total Operating Expense |
46.0 |
44.0 |
53.0 |
54.1 |
54.2 |
|
|
|
|
|
|
|
|
Interest Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gain/Loss on Equity Investment |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividend Income |
0.2 |
-0.1 |
0.8 |
0.2 |
- |
|
Gain/Loss on Disposal of Fixed Assets |
2.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Gain/Loss on Sale of Investments |
- |
1.4 |
0.0 |
0.0 |
0.0 |
|
Revaluation Loss on Fin. Liabilities |
- |
0.0 |
0.0 |
- |
- |
|
Foreign Exchange Gains/Losses |
-0.1 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Rent Income |
0.6 |
0.5 |
0.9 |
0.8 |
0.8 |
|
Revaluation Gain on Fin. Liabilities |
0.0 |
- |
- |
- |
- |
|
Gain/Loss on Financial Assets Valuation |
0.3 |
-0.7 |
-0.4 |
0.3 |
0.3 |
|
Miscellaneous Income |
0.1 |
0.2 |
0.1 |
0.2 |
0.1 |
|
Interest Expense |
-0.7 |
-0.6 |
-0.7 |
-0.5 |
-0.4 |
|
Miscellaneous Disbursements |
0.0 |
-0.4 |
-0.5 |
-0.5 |
-0.3 |
|
Net Income Before Taxes |
1.3 |
-0.7 |
-1.1 |
0.7 |
3.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Net Income After Taxes |
1.3 |
-0.9 |
-1.1 |
0.7 |
3.7 |
|
|
|
|
|
|
|
|
Minority Interest |
-1.1 |
0.1 |
-0.3 |
-0.2 |
-0.3 |
|
Net Income Before Extra. Items |
0.2 |
-0.8 |
-1.4 |
0.5 |
3.5 |
|
Extraordinary Item |
- |
0.0 |
0.5 |
-9.2 |
- |
|
Net Income |
0.2 |
-0.9 |
-0.9 |
-8.7 |
3.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
0.2 |
-0.8 |
-1.4 |
0.5 |
3.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
0.2 |
-0.9 |
-0.9 |
-8.7 |
3.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
258.8 |
254.8 |
302.2 |
237.6 |
231.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
|
Basic EPS Including ExtraOrdinary Items |
0.00 |
0.00 |
0.00 |
-0.04 |
0.01 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
0.2 |
-0.9 |
-0.9 |
-8.7 |
3.5 |
|
Diluted Weighted Average Shares |
258.8 |
254.8 |
302.2 |
237.6 |
232.2 |
|
Diluted EPS Excluding ExtraOrd Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
|
Diluted EPS Including ExtraOrd Items |
0.00 |
0.00 |
0.00 |
-0.04 |
0.01 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
-0.7 |
-0.8 |
-1.1 |
0.7 |
3.4 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Normalized Income After Taxes |
-0.7 |
-0.9 |
-1.1 |
0.7 |
3.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
-1.8 |
-0.8 |
-1.4 |
0.5 |
3.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
-0.01 |
0.00 |
0.00 |
0.00 |
0.01 |
|
Diluted Normalized EPS |
-0.01 |
0.00 |
0.00 |
0.00 |
0.01 |
|
Interest Expense, Supplemental |
0.7 |
0.6 |
0.7 |
0.5 |
0.4 |
|
Depreciation, Supplemental |
0.7 |
0.7 |
0.7 |
0.9 |
1.0 |
|
Amortization |
0.8 |
0.5 |
0.4 |
0.3 |
0.4 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
30.279 |
29.1565 |
31.985 |
32.818 |
32.4345 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Cash and Cash Equivalent |
1.9 |
18.4 |
2.9 |
2.7 |
4.1 |
|
Financial Assets at Fair Value |
4.1 |
2.5 |
1.2 |
0.3 |
2.1 |
|
Financial Assets-Available for Sale, Cur |
1.2 |
- |
- |
- |
- |
|
Financial Assets HTM, Current |
- |
- |
- |
1.2 |
0.0 |
|
Notes Receivable |
2.0 |
4.1 |
3.2 |
2.0 |
6.0 |
|
Accounts Receivable, Gross |
18.6 |
13.5 |
14.9 |
9.2 |
12.3 |
|
Provision for Doubtful Accounts |
-0.5 |
-0.5 |
-0.5 |
-0.4 |
-0.2 |
|
Accounts Receivable - Related |
0.4 |
0.3 |
0.4 |
2.0 |
2.2 |
|
Other Financial Assets - Current |
3.2 |
6.1 |
1.2 |
2.1 |
3.1 |
|
Raw Material |
2.7 |
9.5 |
3.5 |
1.7 |
3.0 |
|
Supplies |
0.6 |
0.5 |
0.1 |
0.1 |
0.1 |
|
Work-in-Process |
1.4 |
1.2 |
1.1 |
0.6 |
1.6 |
|
Merchandize |
- |
- |
0.2 |
0.3 |
0.0 |
|
Finished Goods |
14.1 |
8.1 |
11.1 |
22.9 |
19.3 |
|
Provision/Allowance for Inventory |
- |
- |
- |
-4.1 |
-0.5 |
|
Building & Land for Sale |
5.8 |
6.0 |
5.5 |
5.3 |
5.6 |
|
Prepayment |
0.3 |
2.1 |
2.0 |
2.7 |
3.9 |
|
Assets for Sale,Non-current |
- |
- |
1.1 |
0.0 |
3.9 |
|
Other Current Assets |
1.3 |
2.2 |
0.4 |
1.0 |
1.6 |
|
Total Current Assets |
57.0 |
74.0 |
48.2 |
49.4 |
68.2 |
|
|
|
|
|
|
|
|
Long Term Equity Investment |
- |
1.5 |
5.3 |
5.0 |
6.5 |
|
Financial Assets - Hold for Sale |
3.4 |
0.5 |
0.5 |
0.4 |
0.6 |
|
Financial Assets - Hold to Maturity |
- |
- |
- |
0.0 |
1.2 |
|
Financial Assets - Cost Method |
9.0 |
8.3 |
6.8 |
5.8 |
3.9 |
|
Other Financial Assets |
0.7 |
0.3 |
0.2 |
0.3 |
0.5 |
|
Long Term Real Estate Investments |
10.1 |
9.5 |
11.3 |
- |
- |
|
Land and Improvements |
74.9 |
26.2 |
25.5 |
20.3 |
20.4 |
|
Land - Revaluation Increment |
- |
- |
- |
0.7 |
0.7 |
|
Buildings and Structures |
22.9 |
31.8 |
35.1 |
32.8 |
30.1 |
|
Machinery and Equipment |
24.0 |
54.9 |
69.9 |
69.1 |
68.9 |
|
Utilities Equipment |
2.8 |
4.1 |
3.8 |
3.7 |
3.6 |
|
Transportation Equipment |
0.6 |
0.6 |
0.7 |
0.7 |
0.7 |
|
Office Equipment |
0.5 |
0.6 |
1.3 |
1.4 |
1.3 |
|
Miscellaneous Equipment |
- |
0.0 |
0.0 |
0.1 |
0.0 |
|
Constrction in Progress |
- |
- |
- |
0.0 |
1.8 |
|
Prepayment for Equipment |
14.0 |
14.7 |
1.3 |
1.4 |
1.7 |
|
Accumulated Depreciation |
-25.8 |
-64.0 |
-75.5 |
-70.4 |
-66.3 |
|
Accumulated Impairment on Fixed Assets |
- |
- |
-1.3 |
- |
- |
|
Land Use Right |
1.3 |
1.3 |
1.3 |
1.3 |
1.2 |
|
Assets for Lease, Gross |
62.7 |
58.8 |
51.6 |
37.5 |
37.1 |
|
Accumulated Depreciation-Asset for Lease |
-22.3 |
-18.4 |
-5.5 |
-4.8 |
-4.2 |
|
Prov. for Impairment of Assets for Lease |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
0.0 |
|
Deferred Charges |
2.4 |
1.8 |
0.5 |
0.3 |
0.2 |
|
Deferred Income Tax Assets - Non Current |
1.8 |
0.3 |
1.8 |
1.5 |
1.5 |
|
Other Long Term Assets |
- |
- |
- |
0.1 |
0.0 |
|
Total Assets |
239.9 |
206.7 |
182.4 |
156.3 |
179.6 |
|
|
|
|
|
|
|
|
Short Term Borrowings |
23.5 |
32.6 |
36.6 |
44.5 |
43.7 |
|
Short Term Notes & Bills Payable |
- |
1.0 |
0.9 |
0.9 |
0.9 |
|
Notes Payable |
12.4 |
5.6 |
6.2 |
3.4 |
7.8 |
|
Accounts Payable |
2.0 |
3.0 |
1.7 |
1.2 |
1.6 |
|
Accounts Payable - Related Parties |
- |
- |
- |
0.0 |
0.3 |
|
Accrued Expenses |
2.4 |
2.8 |
1.9 |
1.4 |
1.8 |
|
Liabilities Related to Assets for Sale |
- |
0.0 |
0.8 |
- |
- |
|
Advance Receipts |
0.5 |
2.2 |
2.9 |
1.7 |
3.1 |
|
Current Portion of Long Term Debt |
5.7 |
1.0 |
4.5 |
2.4 |
7.2 |
|
Other Current Liabilities |
2.6 |
0.0 |
0.2 |
0.9 |
1.1 |
|
Total Current Liabilities |
49.2 |
48.2 |
55.7 |
56.3 |
67.4 |
|
|
|
|
|
|
|
|
Long Term Borrowings |
58.5 |
28.9 |
31.2 |
6.0 |
8.4 |
|
Corporate Bonds Payable |
7.8 |
- |
- |
- |
- |
|
Fin. Liabilities-Fair Value, Non-current |
0.1 |
- |
- |
- |
- |
|
Total Long Term Debt |
66.4 |
28.9 |
31.2 |
6.0 |
8.4 |
|
|
|
|
|
|
|
|
Land Revaluation Increment Tax Reserve |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Accrued Pension Liabilities |
0.5 |
0.6 |
0.7 |
0.7 |
0.7 |
|
Long Term Security Deposits Received |
0.2 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Deferred Income |
- |
- |
- |
0.1 |
0.1 |
|
Other Long Term Liabilities |
0.4 |
0.4 |
0.4 |
0.3 |
0.3 |
|
Minority Interest |
11.2 |
13.7 |
12.2 |
11.9 |
13.0 |
|
Total Liabilities |
128.0 |
92.4 |
100.8 |
75.7 |
90.5 |
|
|
|
|
|
|
|
|
Common Stock |
105.0 |
94.4 |
70.4 |
72.2 |
112.6 |
|
Cap.Surplus, Additional Paid in Capital |
5.8 |
7.7 |
6.7 |
6.8 |
7.5 |
|
Treasury Stock Transaction |
9.7 |
8.4 |
7.6 |
5.1 |
2.0 |
|
Capital Gain on LT Equity Investments |
0.3 |
0.2 |
0.2 |
0.2 |
0.8 |
|
Capital Surplus, Stock Option |
0.5 |
- |
- |
- |
- |
|
Legal Reserve |
0.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
-6.7 |
5.5 |
-3.6 |
-4.5 |
-33.8 |
|
Cumulative Translation Adjustment |
3.5 |
2.6 |
3.1 |
3.3 |
2.0 |
|
Net Loss Not Recognized as Pension Cost |
- |
0.0 |
0.0 |
- |
- |
|
Unrealized Gain/Loss on Fncl. Assets |
-0.7 |
-0.1 |
0.0 |
-0.2 |
0.0 |
|
Unrealized Gain/Loss on Revaluation |
1.6 |
1.7 |
1.5 |
1.5 |
1.5 |
|
Treasury Stock |
-7.7 |
-6.0 |
-4.3 |
-3.9 |
-3.6 |
|
Total Equity |
111.9 |
114.3 |
81.6 |
80.6 |
89.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
239.9 |
206.7 |
182.4 |
156.3 |
179.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
259.9 |
242.2 |
203.0 |
219.5 |
348.0 |
|
Total Common Shares Outstanding |
259.9 |
242.2 |
203.0 |
219.5 |
348.0 |
|
T/S-Common Stock |
57.9 |
42.4 |
35.8 |
31.9 |
39.4 |
|
Deferred Revenue, Current |
0.5 |
2.2 |
2.9 |
1.7 |
3.1 |
|
Full-Time Employees |
495 |
483 |
425 |
379 |
469 |
|
Number of Common Shareholders |
20,312 |
19,966 |
15,763 |
15,771 |
16,350 |
|
Benefit Obligation |
1.6 |
1.4 |
1.7 |
1.5 |
1.5 |
|
Fair Value of Plan Assets |
0.9 |
0.9 |
1.3 |
1.3 |
1.3 |
|
Funded Status |
-0.6 |
-0.5 |
-0.4 |
-0.2 |
-0.2 |
|
Accumulated Benefit Obligation |
1.4 |
1.2 |
1.5 |
1.4 |
1.3 |
|
Total Funded Status |
-0.6 |
-0.5 |
-0.4 |
-0.2 |
-0.2 |
|
Discount Rate |
1.75% |
2.50% |
2.50% |
3.00% |
3.50% |
|
Rate of Compensation Increase |
2.00% |
1.50% |
1.50% |
2.00% |
2.50% |
|
Expected Rate of Return on Plan Assets |
1.50% |
2.00% |
1.50% |
1.50% |
2.00% |
|
Accrued Pension Liabilities |
-0.5 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
|
Net Assets Recognized on Balance Sheet |
-0.5 |
-0.6 |
-0.7 |
-0.7 |
-0.7 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
29.565976 |
30.279 |
30.475 |
28.7235 |
29.4065 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalent |
3.0 |
1.9 |
3.8 |
18.6 |
3.5 |
|
Financial Assets at Fair Value |
2.4 |
4.1 |
8.0 |
2.7 |
4.9 |
|
Financial Assets-Available for Sale, Cur |
- |
1.2 |
- |
- |
- |
|
Notes Receivable |
2.7 |
2.0 |
2.0 |
2.2 |
2.7 |
|
Accounts Receivable, Gross |
20.5 |
18.6 |
16.2 |
17.0 |
18.5 |
|
Provision for Doubtful Accounts |
-0.5 |
-0.5 |
-0.4 |
-0.5 |
-0.5 |
|
Accounts Receivable - Related |
0.2 |
0.4 |
0.3 |
0.7 |
0.4 |
|
Other Receivables |
- |
- |
21.3 |
22.2 |
- |
|
Other Financial Assets - Current |
3.8 |
3.2 |
3.8 |
5.7 |
4.3 |
|
Finished Goods |
12.4 |
14.1 |
10.3 |
11.1 |
20.6 |
|
Work-in-Process |
1.7 |
1.4 |
1.5 |
1.4 |
2.5 |
|
Raw Material |
3.5 |
2.7 |
3.1 |
3.2 |
10.1 |
|
Supplies |
0.5 |
0.6 |
0.5 |
0.4 |
0.3 |
|
Building & Land for Sale |
5.9 |
5.8 |
5.7 |
6.1 |
5.9 |
|
Prepayment |
1.8 |
0.3 |
1.5 |
2.0 |
0.9 |
|
Other Current Assets |
1.8 |
1.3 |
1.3 |
3.0 |
2.9 |
|
Total Current Assets |
59.6 |
57.0 |
79.0 |
95.9 |
77.0 |
|
|
|
|
|
|
|
|
Long Term Equity Investment |
- |
- |
1.5 |
1.6 |
1.5 |
|
Long Term Real Estate Investments |
21.4 |
10.1 |
9.1 |
9.6 |
9.4 |
|
Financial Assets Available for Sale |
2.9 |
3.4 |
11.5 |
0.4 |
0.5 |
|
Financial Assets at Cost |
9.5 |
9.0 |
8.0 |
8.5 |
8.2 |
|
Other Financial Assets |
0.1 |
0.7 |
0.1 |
0.2 |
0.5 |
|
Land and Improvements |
88.1 |
74.9 |
74.5 |
48.0 |
46.9 |
|
Buildings and Structures |
28.9 |
22.9 |
25.3 |
25.4 |
38.2 |
|
Machinery and Equipment |
24.6 |
24.0 |
24.6 |
25.3 |
54.9 |
|
Utilities Equipment |
2.9 |
2.8 |
2.1 |
1.9 |
4.1 |
|
Transportation Equipment |
0.7 |
0.6 |
0.7 |
0.8 |
0.7 |
|
Office Equipment |
0.5 |
0.5 |
0.5 |
0.6 |
0.7 |
|
Prepayment for Equipment |
14.1 |
14.0 |
9.0 |
17.4 |
10.9 |
|
Miscellaneous Equipment |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Accumulated Depreciation |
-27.0 |
-25.8 |
-28.7 |
-29.8 |
-64.2 |
|
Land Use Right |
1.3 |
1.3 |
1.3 |
1.3 |
1.3 |
|
Assets for Lease, Gross |
55.8 |
62.7 |
56.8 |
59.9 |
58.4 |
|
Accumulated Depreciation-Asset for Lease |
-14.8 |
-22.3 |
-18.3 |
-19.1 |
-18.5 |
|
Prov. for Impairment of Assets for Lease |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
|
Deferred Charges |
1.7 |
2.4 |
1.4 |
1.4 |
2.6 |
|
Deferred Income Tax Assets - Non Current |
1.9 |
1.8 |
1.8 |
0.3 |
0.3 |
|
Total Assets |
271.8 |
239.9 |
259.9 |
249.2 |
233.1 |
|
|
|
|
|
|
|
|
Short Term Borrowings |
21.2 |
23.5 |
24.8 |
45.4 |
29.1 |
|
Short Term Notes & Bills Payable |
0.0 |
- |
1.0 |
1.0 |
0.9 |
|
Notes Payable |
12.3 |
12.4 |
6.9 |
10.6 |
15.5 |
|
Accounts Payable |
2.3 |
2.0 |
1.9 |
1.0 |
2.6 |
|
Accrued Expenses |
2.4 |
2.4 |
3.3 |
3.4 |
3.2 |
|
Advance Receipts |
1.4 |
0.5 |
0.5 |
1.9 |
3.0 |
|
Current Portion of Long Term Debt |
6.0 |
5.7 |
0.9 |
0.8 |
0.9 |
|
Other Current Liabilities |
2.1 |
2.6 |
3.3 |
3.1 |
1.5 |
|
Total Current Liabilities |
47.6 |
49.2 |
42.7 |
67.4 |
56.7 |
|
|
|
|
|
|
|
|
Corporate Bonds Payable |
8.0 |
7.8 |
7.9 |
9.7 |
- |
|
Long Term Borrowings |
87.2 |
58.5 |
79.3 |
46.6 |
45.6 |
|
Fin. Liabilities-Fair Value, Non-current |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Total Long Term Debt |
95.4 |
66.4 |
87.4 |
56.4 |
45.6 |
|
|
|
|
|
|
|
|
Land Revaluation Increment Tax Reserve |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Accrued Pension Liabilities |
0.5 |
0.5 |
0.6 |
0.7 |
0.6 |
|
Long Term Security Deposits Received |
0.1 |
0.2 |
0.4 |
2.1 |
0.4 |
|
Deferred Credit-Related Parties |
- |
- |
0.1 |
- |
- |
|
Other Long Term Liabilities |
0.5 |
0.4 |
0.3 |
0.4 |
0.4 |
|
Minority Interest |
12.9 |
11.2 |
11.5 |
13.3 |
13.0 |
|
Total Liabilities |
157.3 |
128.0 |
143.1 |
140.4 |
116.8 |
|
|
|
|
|
|
|
|
Common Stock |
107.5 |
105.0 |
108.0 |
95.8 |
93.6 |
|
Stock Dividend for Distribution |
- |
- |
2.9 |
3.1 |
- |
|
Cap.Surplus, Additional Paid in Capital |
6.0 |
5.8 |
5.8 |
7.8 |
7.6 |
|
Treasury Stock Transaction |
9.9 |
9.7 |
8.0 |
8.5 |
8.3 |
|
Capital Gain on LT Investments |
0.3 |
0.3 |
0.3 |
0.2 |
0.2 |
|
Capital Surplus, Stock Option |
0.5 |
0.5 |
0.5 |
0.7 |
- |
|
Legal Reserve |
0.5 |
0.5 |
0.5 |
0.6 |
0.0 |
|
Retained Earnings |
-6.7 |
-6.7 |
-5.8 |
-5.2 |
8.9 |
|
Cumulative Translation Adjustment |
3.2 |
3.5 |
3.5 |
2.7 |
2.8 |
|
Unrealized Gain/Loss on Fncl. Assets |
-0.4 |
-0.7 |
-1.1 |
-0.2 |
-0.1 |
|
Unrealized Valuation Increment |
1.7 |
1.6 |
1.6 |
1.7 |
1.7 |
|
Treasury Stock |
-8.0 |
-7.7 |
-7.4 |
-6.8 |
-6.7 |
|
Total Equity |
114.6 |
111.9 |
116.8 |
108.8 |
116.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
271.8 |
239.9 |
259.9 |
249.2 |
233.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
258.8 |
259.9 |
282.4 |
237.3 |
237.4 |
|
Total Common Shares Outstanding |
258.8 |
259.9 |
282.4 |
237.3 |
237.4 |
|
T/S-Common Stock |
59.1 |
57.9 |
55.5 |
47.4 |
47.2 |
|
Deferred Revenue, Current |
1.4 |
0.5 |
0.5 |
1.9 |
3.0 |
|
Full-Time Employees |
- |
495 |
- |
469 |
- |
|
Accrued Pension Liabilities |
-0.5 |
-0.5 |
-0.6 |
-0.7 |
-0.6 |
|
Net Assets Recognized on Balance Sheet |
-0.5 |
-0.5 |
-0.6 |
-0.7 |
-0.6 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.39004 |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
|
Auditor |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
KPMG LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
|
|
|
|
|
|
|
|
Net Income |
-6.2 |
10.1 |
1.4 |
-5.1 |
-4.5 |
|
Depreciation |
3.4 |
4.7 |
5.0 |
5.3 |
6.0 |
|
Extraordinary Items |
8.6 |
- |
- |
- |
- |
|
Amortization of Intangibles |
1.4 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Provision (Reversal of Provision) for Ba |
0.1 |
0.0 |
0.2 |
0.3 |
0.0 |
|
Amortization of Corporate Bonds Payable |
0.1 |
- |
- |
- |
- |
|
G/L on Disposal&Write-off of Properties |
-0.3 |
-3.2 |
0.4 |
-1.2 |
0.4 |
|
Gain/Loss on Disposal of Investments |
-1.5 |
0.0 |
-0.6 |
-0.4 |
-1.7 |
|
Inventory Devaluation & Obsolescence |
- |
-0.1 |
-2.8 |
4.0 |
-0.6 |
|
Equity Investment Gain/Loss |
0.0 |
-0.1 |
-0.6 |
-0.1 |
5.7 |
|
Cash Dividends from Equity Subsidiaries |
- |
0.0 |
0.0 |
0.1 |
- |
|
Impairment Loss on Assets for Lease |
- |
- |
- |
0.3 |
- |
|
Impairment Loss on Financial Assets |
0.5 |
0.0 |
1.4 |
0.9 |
1.7 |
|
Fncl. Assets/Liab Valuation Gain/Loss |
0.1 |
-1.3 |
-0.3 |
0.3 |
0.0 |
|
G/L on Redemption of Corporate Bonds |
0.0 |
- |
- |
- |
- |
|
Liquidation Loss |
- |
0.1 |
- |
0.0 |
- |
|
Employee Stock Option Excercised |
0.1 |
0.3 |
- |
- |
- |
|
Suspension of Business - Fire Ins. |
21.4 |
- |
- |
- |
- |
|
Financial Assets-Fair Value |
-2.2 |
0.2 |
-0.1 |
1.4 |
-1.5 |
|
Notes Receivable |
2.0 |
-0.6 |
-1.1 |
- |
- |
|
Notes&Accounts Receivable |
- |
- |
- |
7.2 |
2.1 |
|
Accounts Receivable |
-5.8 |
2.6 |
-4.3 |
- |
- |
|
Notes&Accounts Receivable - Related |
-0.1 |
0.1 |
0.2 |
0.6 |
-0.2 |
|
Inventories |
-19.0 |
-1.6 |
7.9 |
-1.7 |
-1.4 |
|
Property for Sale |
- |
- |
- |
- |
0.0 |
|
Pending Disposal Subsidiaries Assets |
- |
- |
- |
- |
0.0 |
|
Other Financial Assets |
1.2 |
-1.1 |
1.0 |
0.7 |
-1.3 |
|
Prepayment & Other Current Assets |
1.4 |
-0.2 |
0.4 |
2.1 |
-2.5 |
|
Deferred Tax Assets |
-1.5 |
0.0 |
0.4 |
-0.3 |
0.0 |
|
Notes Payable |
7.2 |
-1.1 |
2.7 |
- |
- |
|
Notes&Accounts Payable |
- |
- |
- |
-5.0 |
-3.3 |
|
Accounts Payable |
-0.9 |
1.0 |
0.5 |
- |
- |
|
Accounts Payable - Related Parties |
- |
- |
- |
-0.3 |
0.2 |
|
Tax Payable |
- |
- |
- |
- |
0.0 |
|
Accrued Expenses |
-0.3 |
0.6 |
0.4 |
-0.3 |
-0.4 |
|
Pending Disposal Subsidiaries Liability |
- |
- |
- |
- |
0.0 |
|
Advance Receipts |
-1.8 |
-0.9 |
0.3 |
-1.4 |
2.1 |
|
Other Current Liabilities |
2.7 |
-0.2 |
-0.7 |
-0.2 |
0.2 |
|
Accrued Pension Liabilities |
-0.1 |
-0.2 |
0.0 |
0.0 |
0.0 |
|
Deferred Income |
- |
- |
- |
- |
0.0 |
|
Other Liabilities |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
10.5 |
9.4 |
12.1 |
7.6 |
1.4 |
|
|
|
|
|
|
|
|
Financial Assets Held to Maturity |
- |
0.0 |
1.2 |
0.0 |
- |
|
Long Term Equity Investments Increase |
- |
-0.5 |
-0.3 |
- |
- |
|
Disposal of LT Equity Investment |
0.5 |
1.3 |
0.7 |
1.6 |
2.8 |
|
Purchase of LT Investments |
- |
- |
- |
-2.2 |
- |
|
Purchase of Financial Assets for Sale |
-24.3 |
0.0 |
-0.5 |
-0.5 |
- |
|
Sale of Financial Assets for Sale |
17.6 |
- |
- |
0.1 |
0.5 |
|
Pruchase of Financial Assets at Cost |
-0.1 |
-0.9 |
-0.2 |
-1.9 |
-1.1 |
|
Sale of Financial Assets at Cost |
- |
1.6 |
0.8 |
0.1 |
- |
|
Cap.Reduction of Fin. Assets-Cost Method |
- |
0.3 |
0.0 |
0.1 |
0.0 |
|
Purchase of Real Estate Investment |
- |
0.0 |
-11.0 |
0.0 |
- |
|
Capital Expenditure |
-65.3 |
-12.9 |
-19.6 |
-1.9 |
-4.5 |
|
Disposal of Fixed Assets |
0.5 |
19.8 |
0.3 |
5.3 |
45.3 |
|
Deferred Charges |
-2.1 |
-1.4 |
-0.3 |
-0.3 |
-0.2 |
|
Increase in Other Financial Assets |
- |
-0.2 |
- |
0.0 |
- |
|
Decrease in Other Financial Assets |
0.1 |
- |
0.1 |
0.1 |
0.8 |
|
Security Deposit Paid |
- |
- |
- |
- |
0.0 |
|
Capital Financing Recv.-Related Parties |
- |
- |
- |
0.0 |
2.5 |
|
Cash from Investing Activities |
-73.2 |
7.1 |
-28.8 |
0.4 |
46.1 |
|
|
|
|
|
|
|
|
Short Term Borrowings Increase/Decrease |
-8.1 |
-7.0 |
-8.7 |
1.2 |
-36.4 |
|
Short Term Notes Increase/Decrease |
-0.9 |
0.0 |
0.0 |
0.0 |
-1.9 |
|
Issuance of Corporate Bonds |
10.2 |
- |
- |
- |
- |
|
Redemption of Convertible Bonds |
-0.3 |
- |
- |
- |
- |
|
Long Term Borrowings Increase/Decrease |
36.5 |
-9.4 |
27.1 |
-7.4 |
-10.2 |
|
LT Notes Payables - Related Parties |
- |
- |
- |
- |
0.0 |
|
Security Deposit Received |
-0.2 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Cash Dividend - Common Stock |
-1.3 |
- |
- |
- |
- |
|
Cash Capital |
15.3 |
15.9 |
0.0 |
- |
- |
|
Treasury Share Repurchase |
-5.1 |
-2.3 |
-1.5 |
-3.3 |
- |
|
Disposal of Treasury Stock |
- |
- |
- |
0.0 |
0.0 |
|
Minority Interest |
0.3 |
- |
- |
- |
0.0 |
|
Cash from Financing Activities |
46.3 |
-2.8 |
16.9 |
-9.5 |
-48.4 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.1 |
0.5 |
0.0 |
0.1 |
0.1 |
|
Net Change in Cash |
-16.3 |
14.1 |
0.1 |
-1.4 |
-0.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
18.2 |
3.0 |
2.7 |
4.2 |
4.9 |
|
Net Cash - Ending Balance |
1.9 |
17.0 |
2.8 |
2.8 |
4.0 |
|
Cash Interest Paid |
2.2 |
1.6 |
1.6 |
2.2 |
2.8 |
|
Cash Taxes Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.7102 |
29.39004 |
29.099862 |
29.074238 |
29.305764 |
|
|
|
|
|
|
|
|
Net Income |
1.3 |
-6.2 |
-5.2 |
-4.7 |
3.7 |
|
Depreciation |
0.7 |
3.4 |
2.7 |
1.9 |
1.0 |
|
Extraordinary Items |
- |
8.6 |
8.7 |
9.1 |
- |
|
Amortization of Intangibles |
0.8 |
1.4 |
0.9 |
0.6 |
0.4 |
|
Provision (Reversal of Provision) for Ba |
- |
0.1 |
- |
- |
- |
|
Inventory Devaluation & Obsolescence |
- |
0.0 |
0.0 |
- |
- |
|
Amortization of Corporate Bonds Payable |
0.1 |
0.1 |
0.1 |
0.7 |
- |
|
Equity Investment Gain/Loss |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
G/L on Disposal&Write-off of Properties |
-2.0 |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
|
Gain/Loss on Disposal of Investments |
- |
-1.5 |
0.0 |
0.0 |
0.0 |
|
G/L on Redemption of Corporate Bonds |
- |
0.0 |
0.0 |
- |
- |
|
Employee Stock Option Excercised |
- |
0.1 |
- |
- |
- |
|
Impairment on Financial Assets |
- |
0.5 |
- |
- |
- |
|
Fncl. Assets/Liab Valuation Gain/Loss |
-0.3 |
0.1 |
-0.2 |
-0.6 |
-0.3 |
|
Suspension of Business - Fire Ins. |
- |
21.4 |
0.1 |
0.0 |
- |
|
Financial Assets-Fair Value |
1.7 |
-2.2 |
-5.7 |
0.5 |
-2.1 |
|
Notes Receivable |
-0.6 |
2.0 |
2.0 |
2.0 |
1.3 |
|
Accounts Receivable |
-1.4 |
-5.8 |
-3.5 |
-3.3 |
-5.1 |
|
Notes&Accounts Receivable - Related |
0.2 |
-0.1 |
0.3 |
-0.3 |
0.0 |
|
Inventories |
1.1 |
-19.0 |
-16.7 |
-16.4 |
-14.3 |
|
Other Financial Assets |
-0.5 |
1.2 |
1.5 |
-0.2 |
0.9 |
|
Prepayment & Other Current Assets |
- |
1.4 |
- |
- |
- |
|
Prepayment |
-1.3 |
- |
0.6 |
- |
1.2 |
|
Other Current Assets |
-0.4 |
- |
-0.4 |
-0.3 |
-0.9 |
|
Deferred Tax Assets |
- |
-1.5 |
0.0 |
0.0 |
- |
|
Notes Payable |
-0.5 |
7.2 |
1.6 |
4.8 |
9.9 |
|
Accounts Payable |
0.2 |
-0.9 |
-1.0 |
-2.0 |
-0.4 |
|
Accrued Expenses |
-0.1 |
-0.3 |
0.6 |
0.6 |
0.5 |
|
Advance Receipts |
0.9 |
-1.8 |
-1.2 |
0.2 |
0.8 |
|
Other Financial Liabilities |
- |
- |
- |
- |
0.0 |
|
Other Current Liabilities |
-0.6 |
2.7 |
1.1 |
0.4 |
1.3 |
|
Accrued Pension Liabilities |
0.0 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Cash from Operating Activities |
-0.8 |
10.5 |
-14.0 |
-7.2 |
-2.4 |
|
|
|
|
|
|
|
|
Disposal of LT Equity Investment |
0.0 |
0.5 |
- |
0.0 |
0.4 |
|
Purchase of Financial Assets for Sale |
-1.3 |
-24.3 |
-13.1 |
- |
- |
|
Disposal of Financial Assets for Sale |
4.5 |
17.6 |
0.1 |
- |
- |
|
Purchase of Financial Assets at Cost |
-0.3 |
-0.1 |
-0.1 |
-0.1 |
- |
|
Cash dividend of Fin. Assets-Cost Method |
- |
- |
0.1 |
0.1 |
- |
|
Increase in Other Financial Assets |
- |
- |
- |
- |
-0.3 |
|
Decrease in Other Financial Assets |
0.6 |
0.1 |
0.2 |
0.0 |
- |
|
Capital Expenditure |
-27.6 |
-65.3 |
-57.7 |
-32.3 |
-24.6 |
|
Disposal of Fixed Assets |
2.0 |
0.5 |
1.3 |
1.3 |
1.2 |
|
Deferred Charges |
-0.6 |
-2.1 |
-0.5 |
-0.1 |
-1.0 |
|
Security Deposit Paid |
- |
- |
0.0 |
0.0 |
- |
|
Cash from Investing Activities |
-22.6 |
-73.2 |
-69.9 |
-31.3 |
-24.4 |
|
|
|
|
|
|
|
|
Short Term Borrowings Increase/Decrease |
-2.8 |
-8.1 |
-6.7 |
12.1 |
-3.2 |
|
Redemption of Convertible Bonds Payable |
- |
- |
-0.1 |
- |
- |
|
Short Term Notes Increase/Decrease |
0.0 |
-0.9 |
0.1 |
0.1 |
0.0 |
|
Issuance of Corporate Bonds |
- |
10.2 |
10.3 |
9.6 |
- |
|
Redemption of Convertible Bonds |
- |
-0.3 |
- |
- |
- |
|
Long Term Borrowings Increase/Decrease |
27.4 |
36.5 |
54.1 |
16.9 |
16.9 |
|
Security Deposit Received |
0.0 |
-0.2 |
0.0 |
1.7 |
- |
|
Cash Dividend - Common Stock |
- |
-1.3 |
- |
- |
- |
|
Cash Capital |
- |
15.3 |
15.5 |
- |
- |
|
Minor. Interest-Subsidiary Cash Capital |
- |
- |
- |
0.2 |
- |
|
Minority Interest |
0.0 |
0.3 |
0.8 |
- |
0.4 |
|
Purchase of Treasury Shares |
0.0 |
-5.1 |
-4.5 |
-2.1 |
-2.0 |
|
Cash from Financing Activities |
24.5 |
46.3 |
69.4 |
38.5 |
12.1 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Net Change in Cash |
1.1 |
-16.3 |
-14.4 |
0.0 |
-14.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
1.9 |
18.2 |
18.4 |
18.4 |
18.3 |
|
Net Cash - Ending Balance |
3.0 |
1.9 |
4.0 |
18.4 |
3.5 |
|
Cash Interest Paid |
0.6 |
2.2 |
1.5 |
0.9 |
0.4 |
|
Cash Taxes Paid |
- |
0.0 |
0.0 |
0.0 |
- |
Geographic
Segments
Financials
in: As Reported (mil)
|
Annual |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.