%2008-Feb-2012_files/image002.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
08.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
FORMOSA PLASTICS CORPORATION |
|
|
|
|
Registered Office : |
39, Zhongsan 3 Road, Kaohsiung |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
30.10.1954 |
|
|
|
|
Legal Form : |
Public Parent Company |
|
|
|
|
Line of Business : |
Manufacture and Distribution of Plastic Products |
|
|
|
|
No. of Employees : |
5579 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
Formosa Plastics Corporation
39, Zhongsan 3 Road,
Kaohsiung,
Taiwan
Tel: 886-7-3331101
Fax: 886-2-27175287
Web: www.fpc.com.tw
Synthesis
Employees: 5,579
Company Type: Public Parent
Corporate Family: 9 Companies
Traded: Taiwan Stock Exchange: 1301
Incorporation Date:
30-Oct-1954
Auditor: KPMG Peat Marwick LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Taiwanese
New Dollar
Annual Sales: 7,153.7 1
Net Income: 1,446.1
Total Assets: 12,186.2 2
Market Value: 17,707.7
(09-Sep-2011)
Business Description
Formosa Plastics
Corporation is primarily engaged in the manufacture and distribution of plastic
products. The Company operates its businesses through Plastics Division, which
provides polyvinyl chloride (PVC) powder and liquid soda; Polyolefin Division,
which offers high-density polyethylene (PE), polyvinyl acetate, low-density PE
and linear low-density PE; Polypropylene Division, which provides polypropylene
products; Tairylan Division, which offers acrylic staple fibers, acrylic ester
and carbon fibers; Chemicals Division, which provides acrylonitrile, methyl
tert-butyl ether, methacrylic ester and epoxy chloropropane; Calcium Carbide
Division, which offers calcium carbonates and calcium carbides, as well as
Engineering and Construction Division, which provides water, electricity and
steam. It distributes its products in Taiwan, Mainland China, India, Middle
East, the United States, Southeast Asia and Oceania. For the three months ended
31 March 2011. Formosa Plastics Corporation's revenues increased 19% to
NT$60.72B. Net income for the period increased 85% NT$15.12B. Total revenues
reflect an increase in sales volume due to stronger market demand and effective
business strategy. Net income for the period also benefited from increased gain
on equity investments , decreased loss in financial assets valuation.
Industry
Industry Chemicals - Plastics and Rubber
ANZSIC 2006: 1821 - Synthetic
Resin and Synthetic Rubber Manufacturing
NACE 2002: 2416 - Manufacture
of plastics in primary forms
NAICS 2002: 325211 - Plastics
Material and Resin Manufacturing
UK SIC 2003: 2416 - Manufacture
of plastics in primary forms
US SIC 1987: 2821 - Plastics
Materials, Synthetic Resins, and Nonvulcanizable Elastomers
Key Executives
|
Name |
Title |
|
Benyuan Zhang |
Head-Finance |
|
Y. C. Chen |
Vice President of Engineering and Construction Division, Director |
|
Wen-Song Chang |
Vice President of Carbide Division |
|
Tsong Ching Huang |
Co-Executive Director |
|
Chih Tsun Lee |
Chairman & President |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Regulatory |
8 |
Formosa Plastics Corporation Fined by Environmental Protection Bureau
of Kaohsiung County |
9-Aug-2011 |
|
Divestitures / Spin-offs |
1 |
Sanyo Electric (Taiwan) Co Ltd Acquires Properties |
10-Mar-2011 |
|
Officer Changes |
1 |
Formosa Plastics Corporation Changes General Manager |
22-Mar-2011 |
|
Expansion / New Markets / New Units |
1 |
Formosa Plastics Corporation to Invest in Mainland China |
24-Dec-2010 |
|
Equity Investments |
1 |
Formosa Plastics Corporation Acquires Shares Issued by Subsidiary |
24-Dec-2010 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
CNA: Taiwan
Shares Take Another Dive In Morning Trade |
23-Sep-2011 |
|
UPDATE: New
Hope FY Net Profit Rise Soars On Exports, Stake Sales |
19-Sep-2011 |
|
Research
and Markets: Ethylene Industry in Asia Pacific 2011 - A Comprehensive
Overview on the Ethylene Industry in Asia Pacific |
13-Sep-2011 |
|
FORMER CPC
CHIEF NAMED AS NEW CHAIRMAN OF TAIWAN'S FPC |
13-Sep-2011 |
|
TAIWAN
C.BANK LIKELY TO LEAVE INTEREST RATES UNCHANGED: ANALYSTS |
12-Sep-2011 |
Financial Summary
As
of 30-Jun-2011
|
Key Ratios |
Company |
Industry |
|
Current Ratio (MRQ) |
1.86 |
2.03 |
|
Quick Ratio (MRQ) |
1.64 |
1.20 |
|
Debt to Equity (MRQ) |
0.25 |
0.95 |
|
Sales 5 Year Growth |
7.28 |
1.42 |
|
Net Profit Margin (TTM) % |
22.23 |
4.60 |
|
Return on Assets (TTM) % |
14.23 |
3.98 |
|
Return on Equity (TTM) % |
22.21 |
12.15 |
Stock Snapshot
|
Traded: Taiwan Stock Exchange: 1301 |
||||||||||||||||||||||||||||||
|
As of 9-Sep-2011 Financials in: TWD |
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
1 - Profit & Loss Item Exchange Rate: USD 1 = TWD 31.49704
2 - Balance Sheet Item Exchange Rate: USD 1 = TWD 29.1565
Corporate Overview
Location
39, Zhongsan 3 Road,
Kaohsiung, Taiwan
Tel: 886-7-3331101
Fax: 886-2-27175287
Web: www.fpc.com.tw
Quote Symbol - Exchange
1301 - Taiwan
Stock Exchange
Sales TWD(mil): 225,320.3
Assets TWD(mil): 355,306.8
Employees: 5,579
Fiscal Year End: 31-Dec-2010
Industry: Chemicals - Plastics and Rubber
Incorporation Date: 30-Oct-1954
Company Type: Public Parent
Quoted Status: Quoted
Managing Director: Wenyuan
Wang
Company Web Links
· Company Contact/E-mail
· Corporate History/Profile
· Executives
· Financial Information
· Home Page
· Investor Relations
·
News Releases
·
Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1821 - Synthetic Resin and Synthetic Rubber Manufacturing
26 - Electricity Supply
1812 - Basic Organic Chemical Manufacturing
1522 - Paper Bag Manufacturing
NACE 2002 Codes:
2414 - Manufacture of other organic basic chemicals
2112 - Manufacture of paper and paperboard
2416 - Manufacture of plastics in primary forms
2522 - Manufacture of plastic packing goods
4011 - Production of electricity
NAICS 2002 Codes:
322221 - Coated and Laminated Packaging Paper and Plastics Film
Manufacturing
325199 - All Other Basic Organic Chemical Manufacturing
2211 - Electric Power Generation
326111 - Plastics Bag Manufacturing
325211 - Plastics Material and Resin Manufacturing
US SIC 1987:
2671 - Packaging Paper and Plastics Film, Coated and Laminated
2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable
Elastomers
2673 - Plastics, Foil, and Coated Paper Bags
2869 - Industrial Organic Chemicals, Not Elsewhere Classified
4911 - Electric Services
UK SIC 2003:
4011 - Production of electricity
2522 - Manufacture of plastic packing goods
2112 - Manufacture of paper and paperboard
2414 - Manufacture of other organic basic chemicals
2416 - Manufacture of plastics in primary forms
Business
Description
Formosa Plastics
Corporation is primarily engaged in the manufacture and distribution of plastic
products. The Company operates its businesses through Plastics Division, which
provides polyvinyl chloride (PVC) powder and liquid soda; Polyolefin Division,
which offers high-density polyethylene (PE), polyvinyl acetate, low-density PE
and linear low-density PE; Polypropylene Division, which provides polypropylene
products; Tairylan Division, which offers acrylic staple fibers, acrylic ester
and carbon fibers; Chemicals Division, which provides acrylonitrile, methyl
tert-butyl ether, methacrylic ester and epoxy chloropropane; Calcium Carbide
Division, which offers calcium carbonates and calcium carbides, as well as
Engineering and Construction Division, which provides water, electricity and
steam. It distributes its products in Taiwan, Mainland China, India, Middle
East, the United States, Southeast Asia and Oceania. For the three months ended
31 March 2011. Formosa Plastics Corporation's revenues increased 19% to NT$60.72B.
Net income for the period increased 85% NT$15.12B. Total revenues reflect an
increase in sales volume due to stronger market demand and effective business
strategy. Net income for the period also benefited from increased gain on
equity investments , decreased loss in financial assets valuation.
More Business
Descriptions
· Manufacture of caustic soda, PVC resin, hydrochloride acid, calcium carbide products and polyethylene for plastic bags
·
· Largest industrial group in Taiwan manufacturing PVC, acrylic fibre, polyethylene, calcium carbide and other related products.
· Other Plastics Product Manufacturing
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||
%2008-Feb-2012_files/image003.gif){kind=small}
%2008-Feb-2012_files/image004.gif){kind=small}
|
Corporate Family |
Corporate
Structure News: |
|
|
|
|
Total Corporate Family Members: 9 |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Kaohsiung |
Taiwan |
Chemicals - Plastics and Rubber |
7,153.7 |
5,579 |
|
|
|
Subsidiary |
Livingston, NJ |
United States |
Fabricated Plastic and Rubber |
1,750.0 |
2,100 |
|
|
|
Branch |
Point Comfort, TX |
United States |
Fabricated Plastic and Rubber |
329.8 |
1,453 |
|
|
|
Branch |
New Castle, DE |
United States |
Chemical Manufacturing |
110.1 |
110 |
|
|
|
Subsidiary |
Taipei |
Taiwan |
Miscellaneous Capital Goods |
365.0 |
1,250 |
|
|
|
Subsidiary |
Taipei City, Taipei City |
Taiwan |
Miscellaneous Transportation |
20.1 |
900 |
|
|
|
Subsidiary |
Taipei City, Taipei City |
Taiwan |
Auto and Truck Manufacturers |
|
266 |
|
Executive report
|
Board of
Directors |
|
|
|
|
|||||
|
Chairman & President |
Chairman |
|
|||||
|
Chairman of the Board, General Manager |
Chairman |
|
|||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
Executive Vice President |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
Deputy General Manager, Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Executive Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Independent Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
Managing Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Managing Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Managing Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Managing Director |
Director/Board Member |
|
|
||||
|
||||||||
|
Director |
Director/Board Member |
|
|
||||
|
Director |
Director/Board Member |
|
|
||||
|
Executives |
|
|
|
|
|||||
|
Co-Executive Director |
Chief Executive Officer |
|
|||||
|
Co-Executive Director |
Chief Executive Officer |
|
|||||
|
Executive Director |
Chief Executive Officer |
|
|||||
|
Executive Director |
Chief Executive Officer |
|
|||||
|
Executive Director |
Chief Executive Officer |
|
|||||
|
Chairman & President |
President |
|
|||||
|
Chairman & President |
President |
|
|||||
|
Vice President-Polyolefin Division |
Division Head Executive |
|
|||||
|
Vice President-Tairylan Division |
Division Head Executive |
|
|||||
|
Chairman of the Board, General Manager |
Division Head Executive |
|
|||||
|
||||||||
|
Deputy General Manager, Director |
Division Head Executive |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Managing Director |
Managing Director |
|
|
||||
|
||||||||
|
Vice President-Finance |
Finance Executive |
|
|
||||
|
Head-Finance |
Finance Executive |
|
|
||||
|
Head of Accounts |
Accounting Executive |
|
|
||||
|
Assistant Vice President-Accounting |
Accounting Executive |
|
|
||||
|
Vice President of Engineering and Construction Division, Director |
Engineering/Technical Executive |
|
|
||||
|
Vice President-Engineering & Construction |
Engineering/Technical Executive |
|
|
||||
|
Senior Vice President-Research & Development |
Research & Development Executive |
|
|
||||
|
Vice President of Carbide Division |
Other |
|
|
||||
|
Vice President of Polypropylene Division, Director |
Other |
|
|
||||
|
Vice President of Chemicals Division, Director |
Other |
|
|
||||
|
Vice President of Plastics Division, Director |
Other |
|
|
||||
|
|
%2008-Feb-2012_files/image005.gif){kind=small}
Significant Developments
Formosa Plastics Corporation Fined by Environmental Protection Bureau of Kaohsiung County Aug 09, 2011
Formosa Plastics Corporation announced that it was imposed a fine of NTD 80,835,680 by Environmental Protection Bureau of Kaohsiung County, due to the Company's violation of environmental protection law.
Formosa Plastics Corporation Receives Fine Jun 21, 2011
Formosa Plastics Corporation announced that it was imposed a fine of NTD 210,000 by Yunlin County Environmental Protection Bureau, due to its violation of Water Pollution Control Act.
Formosa Plastics Corporation Announces FY 2010 Dividend Payment Date Jun 20, 2011
Formosa Plastics Corporation announced that it will pay a cash dividend of NTD 6.8 per share to shareholders of record on July 17, 2011. The Company's shares will be traded ex-dividend on July 11, 2011.
Formosa Plastics Corporation to Issue Unsecured Corporate Bonds Jun 20, 2011
Formosa Plastics Corporation announced that it will issue up to NTD 10 billion worth of unsecured corporate bonds, each with par value of NTD 1 million, and a term of up to five years.
Formosa Plastics Corporation Receives Fine May 16, 2011
Formosa Plastics Corporation announced that it was imposed a fine of NTD 600,000 by Kaohsiung City Government, due to its violation of Water Pollution Control Act.
Formosa Plastics Corporation Receives Fine May 16, 2011
Formosa Plastics Corporation announced that it was imposed a fine of NTD 1 million by Yunlin County Government, due to its violation of Air Pollution Control Act.
Formosa Plastics Corporation Announces FY 2010 Dividend Payment
Mar 22, 2011
Formosa Plastics Corporation announced that it will pay a cash dividend of NTD 6.8 per share to shareholders for fiscal year 2010.
Formosa Plastics Corporation Changes General Manager Mar 22, 2011
Formosa Plastics Corporation announced the change of General Manager from Mr. Li Zhicun to Mr. Lin Jiannan, effective March 22, 2011.
Sanyo Electric (Taiwan) Co Ltd Acquires Properties Mar 10, 2011
Sanyo Electric (Taiwan) Co Ltd announced that it has acquired land and buildings from Formosa Plastics Corporation, at NTD 1,404,660,000 in total.
Formosa Plastics Corporation Receives Fine Feb 21, 2011
Formosa Plastics Corporation announced that it was imposed a fine of NTD
140,000 by Environmental Protection Bureau Kaohsiung City Government, due to
the its factory's violation of Water Pollution Control Act.
Formosa Plastics Corporation Acquires Shares Issued by Subsidiary Dec
24, 2010
Formosa Plastics Corporation announced that it has acquired 1,000 shares
issued by its wholly owned subsidiary, a Cayman Islands-based company, at USD
57,500,000.
Formosa Plastics
Corporation to Invest in Mainland China Dec 24, 2010
Formosa Plastics
Corporation announced that it will invest USD 57.5 million to indirectly set up
a new subsidiary in Ningbo, Mainland China.
Formosa Plastics
Corporation Receives Fine Nov 05, 2010
Formosa Plastics
Corporation announced that it was imposed a fine of NTD 270,000 by
Environmental Protection Bureau, Kaohsiung County Government, due to the
Company's violation of Water Pollution Control Act.
Formosa Plastics
Corporation Receives Fine Oct 27, 2010
Formosa Plastics
Corporation announced that it was imposed a fine of NTD 300,000 by Yunlin
County Government, due to the Company's violation of Air Pollution Control Act.
Formosa Plastics
Corporation Receives Fine Oct 25, 2010
Formosa Plastics
Corporation announced that it was imposed a fine of NTD 200,000 by Yunlin
County Government, due to its violation of Air Pollution Control Act.
Press clippings
UPDATE: New Hope
FY Net Profit Rise Soars On Exports, Stake Sales
Nikkei English
News: 19 September 2011
[What follows is
the full text of the news story.]
--Underlying net
profit slips 20% to A$146.9 million
--Plans to double
coal production in 3-7 years
--Declares total
20 cents of final and special dividends
(Adds detail,
background from statement throughout)
By David Fickling
Of DOW JONES
NEWSWIRES
SYDNEY (Dow
Jones)--Net profit at Australian thermal coal miner New Hope Corp. Ltd.
(NHC.AU) more than doubled during its 2011 financial year to A$503.1 million,
thanks largely to its sales of equity stakes in Arrow Energy and the Lenton
coking coal mine.
Ordinary revenues
from New Hope's New Acland and West Moreton mines fell 11% in the year to July
31 to A$662.4 million from A$745.0 million.
But its
investments performed particularly strongly, with New Hope recording a A$329.4
million net profit from selling its stake in coal seam gas company Arrow Energy
to Royal Dutch Shell PLC (RDSB.LN) and PetroChina Co. (PTR) and a further
A$40.4 million from the sale of a 10% stake in the Lenton project to Formosa
Plastics Corp. (1301.TW).
On the underlying
basis preferred by equity analysts, net profit slipped 20% to A$146.9 million
from A$183.8 million. Statutory net profit last year was also A$183.8 million.
The company will
be Australia's largest listed pure-play coal miner by output if a current bid
by Rio Tinto PLC (RIO) and Mitsubishi Corp. (8058.TO) to buy out minorities in
Coal & Allied Industries Ltd. (CNA.AU) goes through. But it has hitherto
been immune to the wave of mergers and acquisitions that have gone through the
sector thanks to its close shareholder register, which is dominated by
investment group Washington H. Soul Pattinson & Co.'s (SOL.AU) 59.7%
holding.
Managing Director
Robert Neale said earnings were hit by the stronger Australian dollar and the
impact of flooding in December and January--which caused its New Acland mine to
be cut off for 11 weeks--as well as the costs of its hostile takeover of
Northern Energy Corp. (NEC.AU), which is now almost complete with New Hope
controlling 98% of the shares.
Coal production
fell 5% in the year as a result of the weather impacts to 5.64 million metric
tons, but hit a record level in the final quarter, while export sales also hit
a record of 5.0 million tons for the year.
Neale said the
company expects output of 6.0 million tons of coal over the year ahead but
hopes to sharply increase output in five to seven years as four major
development projects come on-stream.
"Subject to
appropriate government and corporate approvals, we can envisage a doubling of
production over the next five to seven years, which could consume our current
excess cash reserves of about A$1.5 billion," he said in a statement.
Production from
its Colton and Lenton coking coal mines is due to start in 2013 and 2014,
respectively, he said.
New Hope declared
a final divided of 5 cents a share, up from 4.5 cents last year, as well as a
special dividend of 15 cents, against 14 cents last year.
-By David
Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com
Research and Markets: Ethylene Industry in Asia
Pacific 2011 - A Comprehensive Overview on the Ethylene Industry in Asia
Pacific
Business Wire: 13 September 2011
[What follows is the full text of the news story.]
DUBLIN--(BUSINESS WIRE)-- Research and Markets
(http://www.researchandmarkets.com/research/f65247/ethylene_industry) has
announced the addition of the "Ethylene Industry in Asia Pacific"
report to their offering.
"Ethylene is
the world's most produced gaseous organic compound. Middle East and Asia are
all set to emerge as the world's largest ethylene producing regions. Key to
increasing capacities is the availability of low cost raw materials. The
Asia-Pacific region will continue to dominate the market in the future and
generate more than a third of the worldwide demand. The pioneer in the Asia
Pacific region will be China, rising to become the greatest ethylene consumer
worldwide and will therefore drive out the United States to the second place,
followed by Saudi Arabia.
The report covers
the following:
An analysis of the
global petrochemicals industry in the aftermath of the Japan earthquake and the
nuclear disaster in Japan. We analyze the global petrochemicals industry in
2011 and an outlook for the industry.
An analysis of the
ethylene industry in Asia Pacific which includes a market profile, market size,
ethylene demand in Asia Pacific, ethylene demand in Asia Pacific by end use
sectors, ethylene production in Asia Pacific, the breakdown of the Asia Pacific
ethylene market by country, installed ethylene capacity in Asia Pacific by
feedstock, by production process and by technology, and the market share of the
leading players in the industry. An analysis of the major ethylene projects is
also included.
The report
includes an analysis of the following regional markets: China, India, Japan,
South Korea, Taiwan, and Thailand. Each country profile for the ethylene
industry includes an analysis of the following:
Market profile and
market size
Ethylene
consumption by sector
Ethylene plants in
the country
Key feedstock in
the industry
Key production
processes in the industry
Key technology
used in the industry
Market share of
the leading players
Import/export
statistics of ethylene in the country; and
Ethylene projects
wherever available.
Major players are
analyzed in the report through a company overview, an analysis of the business
segments, major products & services, company strategy, ethylene capacity,
share of the ethylene market, and a SWOT analysis. For the minor players,
ethylene market capacity is not included.
Companies analyzed
in this report include:
China Petroleum
& Chemical Corporation (Sinopec)
China National
Petroleum Corporation (CNPC)
CNOOC Limited
Formosa Plastics
Group
Reliance
Industries Limited
BP Plc
Royal Dutch Shell
Plc
Idemitsu Kosan
Co., Ltd.
Mitsubishi
Chemical Corporation
Mitsui Chemicals,
Inc.
Saudi Basic
Industries Corporation (SABIC)
Shin-Etsu Chemical
SK Energy
Sumitomo Chemical
Total SA
Honam
Petrochemical Corporation
NOVA Chemicals
Corporation
For more
information visit
http://www.researchandmarkets.com/research/f65247/ethylene_industry
Research and
Markets
Laura Wood, Senior
Manager,
press@researchandmarkets.com
U.S. Fax:
646-607-1907
Fax (outside
U.S.): +353-1-481-1716
FORMER CPC CHIEF NAMED AS NEW CHAIRMAN OF TAIWAN'S
FPC
Asia Pulse Businesswire: 13 September 2011
[What follows is the full text of the news story.]
TAIPEI, Sept
13Asia Pulse - Chen Bao-lang, former chairman of Taiwan'sKuokuang Petrochemical
Technology Company, is expected to take over as Formosa Petrochemical Corp.
(FPC, TAIEX:6505) chairman Sept. 15, after the FPC's core leadership resigned
in July, FPC said Monday.
The proposal is
expected to be adopted officially at an FPC board meeting Sept. 15 and Chen
will take up the post immediately, the company said.
In order to avoid
a conflict of interest, Chen said, he will resign as a member of a special government
committee assigned to oversee safety at an FPC petrochemical complex in
Mailiao, Yunlin County.
The committee,
formed under the Industrial Development Bureau of the Ministry of Economic
Affairs, plans to convene a meeting around Sept. 20 to examine the suspension
of operations at the plants.
"The most
important task is to improve safety at the plants in the sprawling Mailiao
complex," Chen said in an interview with CNA.
He plans to hold a
press conference Thursday, right after he assumes his new post, to explain his
ideas on safety issues, he said.
Asked about the
possible choice of a candidate for FPC president, Chen said that he is still
pondering that matter.
Meanwhile, he will
be briefed Sept. 19 at the fire-plagued Formosa petrochemical complex and have
relevant discussions with the staff there.
Wilfred Wang and
Su Chi-yi stepped down as FPC chairman and president, respectively, in late
July after the seventh blaze in a year broke out on July 30 at an oil refinery
in Mailiao owned the Formosa Plastics Group.
(CNA) ms
13-09 0910
TAIWAN C.BANK LIKELY TO LEAVE INTEREST RATES
UNCHANGED: ANALYSTS
Asia Pulse Businesswire: 12 September 2011
[What follows is the full text of the news story.]
TAIPEI, Sept
12Asia Pulse - Taiwan's central bank is expected to leave its key interest
rates unchanged in the upcoming quarterly policymaking meeting amid fears over
the slowing global economy, analysts said Saturday.
In response to the
unfavorable economic conditions in the world, the European Central Bank kept
its interest rates the same in its Sept. 6 meeting, while central banks in
South Korea, Indonesia, Malaysia and the Philippines followed suit.
The local central
bank is scheduled to hold a policymaking meeting Sept. 29 and the market is
watching closely how the bank will move.
The central bank
has raised its key interest rates five times since the second quarter of 2010
after the local economy staged a strong rebound from a global financial
meltdown.
In June, the local
discount rate rose 0.125 percentage points to stand at 1.875 per cent.
"The current
economic circumstances will not allow the central bank to hike interest rates
again," President of the Taiwan Research Institute, Wu Tsai-yi, said,
adding weakening demand from the U.S. and Europe is expected to hurt Taiwan's
exports.
In August, the
Directorate General of Budget, Accounting and Statistics lowered its forecast
of Taiwan's economic growth for 2011 to 4.81 per cent from a previous estimate
of 5.01 per cent the agency made in July amid concerns over global weakness.
Wu said the
downward revision did not take into account the impact from the operational
suspension of Formosa Plastics Group's plants located in the Mailiao compound
of Yunlin County.
The plants in
Mailiao are expected to be closed for safety inspections in one year after a
series of fires.
Wu said after
considering the FPG impact, Taiwan's GDP growth will be cut by additional 0.3
percentage points to 4.51 per cent for 2011.
He said the
priority for the central bank now is to steady the local economy. With
inflation pressure limited, the bank is likely to stop the rate hike cycle.
In August, the
consumer price index rose 1.34 per cent from a year earlier, showing local
consumer prices remained stable.
Steven Yang, head
of the sixth research division of the Taiwan Institute of Economic Research,
said he agrees with a move to leave interest rates unchanged, and that it will
meet the expectations of most market observers.
However, Yang said
the U.S. is likely to pump more liquidity into the market to bolster its
fragile economy and the spillover effect may boost inflation and affect
emerging economies in Asia.
"It is too
early to say that Taiwan has little inflation pressure," Yang said.
"Even if the
central bank raises its key interest rates by another 0.125 percentage points,
I do not think the bank will face strong criticism. I believe the central bank
will take all aspects related to the economy into consideration."
Moreover, Yang
said a further hike in interest rates will enlarge the interest spread for the
banking sector and strengthen their profitability.
(CNA) ms
12-09 1400
Taiwan: Key developments
EIU Viewswire: 09 September 2011
[What follows is the full text of the news story.]
FROM THE ECONOMIST
INTELLIGENCE UNIT
Outlook for 2011-15
The popularity of the president, Ma Ying-jeou of the ruling Kuomintang, will continue to fluctuate in line with broad economic indicators, rather than being determined by the issue of relations with mainland China.
The leader of the opposition Democratic Progressive Party (DPP), Tsai Ing-wen, has outlined the policies that she will campaign on in the 2012 presidential election. She has accepted that voters want stability in relations with China.
Assuming that the domestic and global economic recoveries remain on track, the Economist Intelligence Unit expects the Central Bank of China (CBC, Taiwan's central bank) to continue to tighten monetary policy in 2011-15.
Taiwan's economy expanded by a stronger than expected 5% year on year in the second quarter of 2011. As a result, we have revised up our real GDP growth forecast for the year as a whole to 4.6%, from 4.4% previously.
Increases in global prices for oil and non-oil commodities in 2011 will cause domestic consumer price inflation to accelerate to 1.8% on average this year, from 1% in 2010. Inflation will remain around 2% throughout 2011-15.
We expect a gradual appreciation in the value of the Taiwan currency against the US dollar in 2011-15, with the exchange rate strengthening from an average of NT$29:US$1 in 2011 to NT$27.3:US$1 in 2015.
Monthly review
In late August Ms Tsai unveiled a ten-year policy plan outlining the DPP�s vision for Taiwan, and provided a guide to her campaign strategy for the presidential election.
Ms Tsai has said that she will not end the economic links already established with China, but she has promised to submit existing and future agreements to the Legislative Yuan (parliament) in order to generate greater public debate.
Ms Tsai's broader themes included �macroeconomic management�, and she has pledged to set up a new policy institute to help to foster large-scale urban regeneration, create jobs and encourage innovation.
Taiwan�s economy has performed strongly so far in 2011 amid buoyant overseas demand for its electrical and electronic goods and steady domestic consumption. GDP growth slowed only slightly in the second quarter.
Operations have been partially suspended at a petrochemicals complex owned by the Formosa Plastics Group at Mailiao, near Taiwan's second-largest city, Kaohsiung.
TAIWAN'S AUGUST EXPORTS MARK LOW YEAR-ON-YEAR
GROWTH
Asia Pulse Businesswire: 09 September 2011
[What follows is the full text of the news story.]
TAIPEI, Sept 9Asia
Pulse - Taiwan's total exports amounted to US$25.79 billion in August, up by
7.2 per cent over the same month of last year but down by 8.3 per cent from
July, marking the lowest year-on-year growth since November 2009, the Ministry
of Finance said Thursday.
A report by the
ministry's statistics department shows that total imports amounted to US$23.16
billion, up by 6.4 per cent over the same month of last year.
However, if
counted in the Taiwan dollar, exports decreased by 3 per cent and imports were
down 3.8 per cent compared with August last year, taking into account currency
exchange rates, according to the report.
The export value
in August was US$2.33 billion less than the July figure, with the minerals
sector the most seriously hit with a decrease of US$970 million, or a 53.9 per
cent fall, as a result of a series of fires at the Formosa Plastics Group's
petrochemical complex earlier in the year, said Lin Lee-jen, director of the
statistics department.
Electronics had
the second-highest drop, with a US$580 million decrease, followed by the
information and telecommunications sector, which registered a US$470 million
fall from the previous month.
South Korea's
export value in August also had a negative growth of 8.3 per cent from July,
but further observation will be needed to decide whether the falls in both
Taiwan and South Korea signify a global recession, said Lin.
In terms of
imports, the value of imported equipment registered a year-on-year fall of 15.1
per cent at US$3.2 billion, with the value of machinery imports falling US$80
million from July as a result of less investment caused by investors' doubts
over global economic growth, the director said.
According to the
report, August trade surplus reached 2.63 billion, representing a year-on-year
growth of 15.6 per cent.
Accumulated trade
surplus in the first eight months of this year stood at US$16.03 billion, down
by 3.4 per cent from the same month of last year, according to the report.
(CNA) ms
09-09 1149
TAIWAN'S NANYA TECH TRYING TO GRASP ELPIDA
ACCUSATION
Asia Pulse Businesswire: 08 September 2011
[What follows is the full text of the news story.]
TAIPEI, Sept 8Asia
Pulse - Taiwan'sNanya Technology Corp. (TAIEX:2408), one of the memory chip
manufacturing arms of the Formosa Plastics Group, said Wednesday it is trying
to gain a better understanding of a patent infringement accusation made by
Elpida Memory, Inc. (TSE:6665) of Japan.
The comment came
after Elpida, the world's third largest dynamic random access memory (DRAM)
chip maker, said it had filed a lawsuit with the U.S. District Court in the
Northern District of California against Nanya Technology and its subsidiary
Nanya Technology Corp., U.S.A.
Elpida accused
them of infringing on four DRAM technology related patents asserted by the
Japanese firm.
Nanya Technology
said it had not received any court notice about the lawsuit but emphasized that
it has always respected intellectual property rights.
The Taiwanese
company said that so far, the accusation by Elpida has not affected its
operations, but it will adopt appropriate measures to deal with the lawsuit.
In a statement on
its website, Elpida said it has asked the court to have Nanya Technology and
its U.S. unit halt their patent right infringement and will seek compensation
for the resulting damage.
"We believe
that companies need to respect intellectual property rights because it is
justified on the basis of Intellectual Property Law," Takao Adachi,
director of Elpida, said in the statement.
"When we
recognize anyone who has violated our valuable assets, it is very fair for us
to allege infringement. Considering our global business operations, it is
essential to protect intellectual properties in order to keep
competitiveness." Adachi said.
Nanya Technology,
along with its local counterparts, is struggling amid oversupply in the global
DRAM business and is feeling the pinch of falling product prices.
Nanya Technology
shares have been downgraded to the category of "full-delivery" stocks
on the Taiwan Stock Exchange after its book value fell below the required
NT$5.0 on weakening financial conditions.
In the first half
of this year, Nanya Technology incurred NT$16.93 billion (US$582 million) in
net loss.
Under existing
securities trading regulations, investors are required to make sufficient
deposits in their stock trading accounts before placing orders to trade full
delivery stocks.
(CNA) ms
08-09 1030
TAIWAN NEWSPAPER HIGHLIGHTS - SEPT 8, 2011
Asia Pulse Businesswire: 08 September 2011
[What follows is the full text of the news story.]
TAIPEI, Sept 8Asia Pulse - Highlights of today's
newspapers:
TAIPEI TIMES:
- Formosa
Petrochemical Corp yesterday tapped a former chairman of Kuokuang Petrochemical
Technology Co, Chen Bao-lang, to be its new chairman as it struggled to resolve
a string of safety incidents at its industrial complex.
- Taiwan's housing
prices soared to a new high in the second quarter and are expected to climb
even higher in the coming year, with mortgage payments taking up a big chunk of
household income, according to a government survey released yesterday.
- Far EasTone
Telecommunications Co, the nation's No. 3 telecoms operator, yesterday launched
a new cloud computing service to help local small and-medium-sized enterprises
in the transportation sector such as T-Join Transportation Co to better manage
their operations.
- MediaTek Inc
said yesterday that last months revenues were its strongest in 11 months,
adding that seasonal demand would continue to boost sales of its chips for
handsets and televisions.
- ARM Holdings
PLC, a British designer of chips used in most -Android-based smartphones and
tablet computers, said yesterday that Intels Ultrabook laptop would provide
limited sales help to Taiwan's PC brands given its small volume of orders.
- The nations
global competitiveness ranking remained unchanged at No. 13 this year,
supported by strong business innovation and improving financial market
developments, despite weak labor market efficiency and worsening government
finances, a report by the World Economic Forum (WEF) showed yesterday.
- Nanya Technology
Corp, the nation's top DRAM maker, yesterday said it was mulling
countermeasures following Elpida Memory Incs filing of a lawsuit accusing it of
patent infringement.
- E Ink Holdings
Inc, the world's biggest e-paper display supplier, yesterday reported that
consolidated revenues last month rose 21.89 per cent sequentially and 117.49
from a year ago, bucking a negative trend among tech companies.
CHINA POST:
- Taiwan sustained
its 13th position in the global competitiveness rankings of 142 economies,
according to the Global Competitiveness Report 2011-2012 released yesterday by
the World Economic Forum (WEF).
- Taiwan's home
price-to-income ratio was 9 for the second quarter, and the figure rose to 16.2
for Taipei, both record highs, reported the Construction and Planning Agency
(CPA) under the Ministry of the Interior yesterday.
- Nanya Technology
Corp., one of the memory chip manufacturing arms of the Formosa Plastics Group,
said yesterday it is trying to gain a better understanding of a patent
infringement accusation made by Elpida Memory, Inc. of Japan.
- MediaTek, a
leading integrated circuit (IC) designer, yesterday reported August sales of
NT$8.308 billion, a rise of 16.33 per cent from July and the highest in 11 months.
- Acer Inc. has
seen its global ranking drop from No. 2 to No. 4, due to a 20.4 per cent
year-on-year shipment decline in the second quarter, said market research firm
Gartner yesterday.
- Both the
Kuomintang and Evergreen group yesterday denied that they would go to court to
settle a dispute over the shipping giant's acquisition of a building housing
the ruling party's headquarters in 2006.
ASIA PULSE nt
08-09 2105
ANOTHER FIRE BREAKS OUT AT FPG PETROCHEMICAL
COMPLEX IN TAIWAN
Asia Pulse Businesswire: 07 September 2011
[What follows is the full text of the news story.]
TAIPEI, Sept 7Asia Pulse - A fire broke out Tuesday at a Taiwanese oil refinery run by the Formosa Plastics Group (FPG) at a petrochemical complex in Mailiao, Yunlin County , the eighth in the past one year, firefighters reported.
The refinery, run by FPG subsidiary Formosa Petrochemical Corp. (TAIEX:6505), reported the fire at 4:31 pm local time and by 4:50 pm the blaze had been put out, firefighters said. No casualties were reported.
The cause of the fire had not yet been determined, but FPG management said that the blaze started during the process of transporting alkylate, which is used to make petroleum products.
Seven other fires have been reported at the petrochemical complex over the past year, prompting a shutdown order by the government on safety concerns.
The government has also asked the FPG to carry out a phased suspension of operations at its other production facilities in the compound over a one-year period, pending safety inspections.
(CNA) ms
07-09 1050
Taiwan's Y. S. Sun Green Building Research Center
at NCKU Wins Global Top Honor
Manufacturing Close-Up
16 August 2011
[What follows is the full text of the article.]
The Y. S. Sun
Green Building Research Center at National Cheng Kung University (NCKU),
Taiwan's first zero-carbon building, was awarded the top honor by a globally
recognized green building ranking system of the U.S. Green Building Council
(USGBC), according to a release.
The center, best
known as the Magic School of Green Technology, was awarded a certificate of the
Leadership in Energy and Environmental Design (LEED) by the USGBC -- a
recognition that will put it on the list of The World's Greenest Buildings next
year.
The Y. S. Sun
Green Building Research Center is a green education center, sponsored by NCKU,
Delta Electronics' Chairman Bruce Cheng and more than 30 enterprises.
"I'm proud
that our Magic School of Green Technology has passed the strict evaluation of
the certification system," said NCKU President Hwung-Hweng Hwung in a
press conference on August 11.
The three-storey,
4,800 square-meter green building, 100 percent built with green materials with
65 percent energy saving and 50 percent water saving, serves as the
university's international conference center.
It is estimated
that the building uses 35 percent of the energy needed in a typical office
building. Other key features include toilets which can reduce water runoff --
part of the designs resulting in 50 percent water saving -- and roof garden
soil which uses light-weight ceramics.
The Magic School
of Green Technology has gained numerous world recognitions. Its construction
process was recorded by the Discovery Channel in 2009 and it has received an
outstanding award in the World Green Roof Conference in Hainan, China.
The building has
also won the highest green building certificate from Taiwan's Ecology, Energy
Saving, Waste Reduction and Health (EEWH) rating system a few months back.
"We have
signed contracts with companies such as 3M and Formosa Plastics Group,"
said Hsien-Te Lin, an architecture professor at NCKU and leader of the
construction team. "Taiwan Businessmen's Dongguan School in mainland China
has also asked us to design a green activity center and green campus for
them."
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Close-Up Media,
Inc.
Related Companies
Formosa Plastics Corp [profile]
Related Topics
Conferences, Seminars & Conventions
Energy Conservation
Global Business
Marketing
Related
Geographies
Asia
China
Taiwan, Province of China
Related Industries
8221 Colleges and universities, nec Schools [profile]
80210 General secondary education
8431 Higher Education
Taiwan's Y. S. Sun
Green Building Research Center at NCKU Gets Global Top Honor
Professional
Services Close-Up
16 August 2011
[What follows is
the full text of the article.]
The Y. S. Sun
Green Building Research Center at National Cheng Kung University (NCKU),
Taiwan's first zero-carbon building, was awarded the top honor by a globally
recognized green building ranking system of the U.S. Green Building Council
(USGBC), according to a release.
The center, best
known as the Magic School of Green Technology, was awarded a certificate of the
Leadership in Energy and Environmental Design (LEED) by the USGBC -- a
recognition that will put it on the list of The World's Greenest
Formosa Plastics
Corp to build petrochemical refinery on Jurong Island
International
Resource News (IRN)
01 March 2011
[What follows is
the full text of the article.]
International
Resource News-March 1, 2011--Formosa Plastics Corp to build petrochemical
refinery on Jurong Island(C)1994-2011 ENPublishing -
http://www.enpublishing.co.uk
International
Resource News - 01 March 2011
Formosa Plastics Corp
(1301.TW), a subsidiary of Taiwan-based Formosa Plastics Group, is planning to
construct a petrochemical refinery on Singapore's Jurong Island, the Commercial
Times has reported, without citing any sources.
Other details are
not revealed.
The company has
not commented on the report.
Normans Media Ltd.
Related Companies
Formosa Plastics
Corp [profile]
Related Geographies
Asia
Singapore
Taiwan, Province
of China
Singapore : Oct PE
supply expected to be kept tight on multiple plant issues
TendersInfo News
23 September 2010
[What follows is
the full text of the article.]
Polyethylene supplies in October are expected to be reduced as some
producers are facing technical issues or production cuts at their
facilities.
These include Middle Eastern producers like Sabic, Equate and Petro
Rabigh, as well as Taiwan's Formosa and Malaysia's Titan Chemicals.
As a result of limited supplies, it is expected that the producers will
roll over their offer prices for October shipment cargoes from September
prices.
Saudi Arabia's Sabic's October allocations are expected to be cut, as
one
of the company's joint venture complexes in Yanbu is facing technical
issues.
Yanbu National Petrochemical Company, or Yansab, had to shut its cracker
on September 10 as a "result of technical failure" and the
production of
ethylene and propylene have been affected, it said in a statement on the
Saudi Arabian stock exchange. The complex, which is 51% owned by Sabic, has not
been restarted and is expected to remain shut for another one or two weeks.
The Yansab complex is centered around an ethane-fed steam cracker with
an ethylene capacity of 1.3 million mt/year and 400,000 mt/year of propylene.
Downstream from olefins, the complex has plants with capacity to produce
400,000 mt/year of linear low density polyethylene, 400,000 mt/year of
polypropylene plant and 770,000 mt/year of monoethylene glycol.
Similarly, Petro Rabigh will offer only half of its usual allocation of
polymers in October as the company's polymer complex in Rabigh recovers
from an August outage. Petro Rabigh's polymer complex comprises a 250,000
mt/year PE line, a 350,000 mt/year LLDPE line, a 300,000 mt/year HDPE line and
two polypropylene lines with a combined capacity of 700,000 mt/year.
The complex was forced to shut on August 18 for repairs to be conducted
at its oxygen and nitrogen production units. It was restarted at the end
of
August. Meanwhile, Kuwait's Equate is understood to have cut October PE
allocations by about 10% for undisclosed reasons.
In Asia, Taiwan's Formosa Plastics Corporation, or FPC, reduced
operating
rates of its Mailiao polyethylene plant to about 70-80% due to a
shortage of feedstock ethylene. A fire at Formosa Petrochemical Corporation, or
FPCC's, No. 1 steam cracker July 7 has left the PE plant short of feedstock.
The cracker can produce 700,000 mt/year of ethylene.
FPC's Mailiao complex has a 350,000 mt/year HDPE unit, a 240,000 mt/year
low density polyethylene/ethylene vinyl acetate swing unit and a 264,000
mt/year LLDPE unit.
The company also plans to shut its 180,000 mt/year high density
polyethylene plant at Linyuan in November for 10 days of maintenance. In
Southeast Asia, Titan Chemicals has planned to shut its 230,000
Euclid Infotech Pvt. Ltd., distributed by Contify.com
TendersInfo News
Related Companies
Formosa Plastics Corp [profile]
Related Topics
Initial Public Offering
Related
Geographies
Asia
Middle East
Saudi Arabia
Taiwan, Province of China
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
32.525305 |
|
Auditor |
KPMG Peat Marwick
LLP |
KPMG Peat
Marwick 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 |
7,160.3 |
5,460.1 |
6,354.6 |
5,899.1 |
4,780.6 |
|
Sales Returns and Allowances |
-6.6 |
-7.2 |
-8.6 |
-6.0 |
-5.2 |
|
Revenue |
7,153.7 |
5,452.9 |
6,346.1 |
5,893.1 |
4,775.5 |
|
Total Revenue |
7,153.7 |
5,452.9 |
6,346.1 |
5,893.1 |
4,775.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
5,852.2 |
4,761.5 |
5,899.6 |
5,030.8 |
4,210.4 |
|
Cost of Revenue, Total |
5,852.2 |
4,761.5 |
5,899.6 |
5,030.8 |
4,210.4 |
|
Gross Profit |
1,301.5 |
691.4 |
446.5 |
862.3 |
565.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
286.1 |
253.0 |
263.4 |
260.4 |
217.4 |
|
Total Selling/General/Administrative Expenses |
286.1 |
253.0 |
263.4 |
260.4 |
217.4 |
|
Research & Development |
26.0 |
22.1 |
29.1 |
24.5 |
16.5 |
|
Other, Net |
- |
- |
- |
- |
0.5 |
|
Other Operating Expenses, Total |
- |
- |
- |
- |
0.5 |
|
Total Operating Expense |
6,164.3 |
5,036.6 |
6,192.1 |
5,315.7 |
4,444.8 |
|
|
|
|
|
|
|
|
Operating Income |
989.4 |
416.3 |
154.0 |
577.4 |
330.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-40.8 |
-50.0 |
-65.7 |
-63.7 |
-58.7 |
|
Interest Expense, Net Non-Operating |
-40.8 |
-50.0 |
-65.7 |
-63.7 |
-58.7 |
|
Interest Income -
Non-Operating |
8.2 |
7.8 |
14.9 |
14.1 |
10.3 |
|
Investment Income -
Non-Operating |
658.2 |
510.6 |
446.4 |
986.2 |
681.7 |
|
Interest/Investment Income - Non-Operating |
666.5 |
518.4 |
461.3 |
1,000.3 |
692.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
625.7 |
468.3 |
395.6 |
936.6 |
633.3 |
|
Gain (Loss) on Sale of Assets |
8.6 |
-3.2 |
1.6 |
6.0 |
7.7 |
|
Other Non-Operating Income (Expense) |
14.8 |
16.0 |
23.7 |
23.1 |
15.6 |
|
Other, Net |
14.8 |
16.0 |
23.7 |
23.1 |
15.6 |
|
Income Before Tax |
1,638.5 |
897.5 |
575.0 |
1,543.1 |
987.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
192.5 |
63.7 |
-49.9 |
87.6 |
30.5 |
|
Income After Tax |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
- |
- |
- |
0.0 |
|
Net Income Before Extraord Items |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
Accounting Change |
- |
- |
- |
- |
-7.1 |
|
Total Extraord Items |
- |
- |
- |
- |
-7.1 |
|
Net Income |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Basic EPS Excl Extraord Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Basic/Primary EPS Incl Extraord Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted Net Income |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
Diluted Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Diluted EPS Excl Extraord Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted EPS Incl Extraord Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Dividends per Share - Common Stock Primary Issue |
0.22 |
0.12 |
0.05 |
0.19 |
0.13 |
|
Gross Dividends - Common Stock |
1,321.5 |
741.4 |
326.4 |
1,166.8 |
773.9 |
|
Interest Expense, Supplemental |
40.8 |
50.0 |
65.7 |
63.7 |
58.7 |
|
Interest Capitalized, Supplemental |
-1.9 |
-4.1 |
-22.6 |
-21.2 |
- |
|
Depreciation, Supplemental |
350.8 |
364.8 |
354.7 |
305.4 |
273.8 |
|
Total Special Items |
-8.6 |
3.2 |
-1.6 |
-6.0 |
-7.7 |
|
Normalized Income Before Tax |
1,629.9 |
900.7 |
573.4 |
1,537.1 |
979.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-1.0 |
0.2 |
-0.6 |
-0.3 |
-0.2 |
|
Inc Tax Ex Impact of Sp Items |
191.5 |
64.0 |
-50.4 |
87.3 |
30.2 |
|
Normalized Income After Tax |
1,438.5 |
836.7 |
623.8 |
1,449.8 |
949.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,438.5 |
836.7 |
623.8 |
1,449.8 |
949.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted Normalized EPS |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Amort of Intangibles, Supplemental |
30.7 |
28.4 |
22.5 |
14.2 |
10.3 |
|
Research & Development Exp, Supplemental |
26.0 |
22.1 |
29.1 |
24.5 |
16.5 |
|
Normalized EBIT |
989.4 |
416.3 |
154.0 |
577.4 |
330.7 |
|
Normalized EBITDA |
1,370.8 |
809.6 |
531.3 |
896.9 |
614.8 |
|
Current Tax - Total |
88.6 |
21.5 |
39.5 |
43.7 |
77.1 |
|
Current Tax - Total |
88.6 |
21.5 |
39.5 |
43.7 |
77.1 |
|
Deferred Tax - Total |
103.9 |
42.2 |
-89.4 |
43.9 |
-46.6 |
|
Deferred Tax - Total |
103.9 |
42.2 |
-89.4 |
43.9 |
-46.6 |
|
Income Tax - Total |
192.5 |
63.7 |
-49.9 |
87.6 |
30.5 |
|
Interest Cost - Domestic |
7.7 |
7.6 |
7.7 |
7.3 |
7.1 |
|
Service Cost - Domestic |
6.6 |
7.0 |
8.0 |
8.0 |
8.1 |
|
Expected Return on Assets - Domestic |
-0.3 |
-0.1 |
-0.3 |
-0.4 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.1 |
-0.2 |
0.0 |
0.2 |
-0.2 |
|
Transition Costs - Domestic |
5.4 |
5.4 |
5.9 |
5.8 |
5.9 |
|
Domestic Pension Plan Expense |
19.5 |
19.7 |
21.4 |
20.9 |
20.8 |
|
Defined Contribution Expense - Domestic |
4.7 |
3.1 |
3.1 |
- |
- |
|
Total Pension Expense |
24.2 |
22.9 |
24.4 |
20.9 |
20.8 |
|
Discount Rate - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Expected Rate of Return - Domestic |
3.00% |
3.00% |
- |
3.00% |
3.00% |
|
Compensation Rate - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Total Plan Interest Cost |
7.7 |
7.6 |
7.7 |
7.3 |
7.1 |
|
Total Plan Service Cost |
6.6 |
7.0 |
8.0 |
8.0 |
8.1 |
|
Total Plan Expected Return |
-0.3 |
-0.1 |
-0.3 |
-0.4 |
0.0 |
Annual
Balance Sheet
Financials in: USD
(mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
29.1565 |
31.985 |
32.818 |
32.4345 |
32.585 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 |
445.1 |
255.6 |
124.9 |
88.5 |
43.7 |
|
Short Term Investments |
2,620.4 |
1,872.9 |
1,040.1 |
2,477.5 |
1,559.0 |
|
Cash and Short Term Investments |
3,065.4 |
2,128.5 |
1,165.1 |
2,566.0 |
1,602.7 |
|
Accounts Receivable -
Trade, Gross |
292.2 |
228.9 |
158.6 |
271.4 |
185.8 |
|
Provision for Doubtful
Accounts |
-7.8 |
-6.9 |
-4.7 |
-8.4 |
-6.0 |
|
Trade Accounts Receivable - Net |
408.3 |
352.0 |
200.7 |
402.2 |
290.0 |
|
Notes Receivable - Short Term |
28.8 |
11.4 |
13.5 |
16.3 |
16.8 |
|
Other Receivables |
568.1 |
403.2 |
390.7 |
417.5 |
479.4 |
|
Total Receivables, Net |
1,005.2 |
766.6 |
604.8 |
835.9 |
786.3 |
|
Inventories - Finished Goods |
333.9 |
254.5 |
306.8 |
280.2 |
260.1 |
|
Inventories - Work In Progress |
95.1 |
88.0 |
89.3 |
91.4 |
82.4 |
|
Inventories - Raw Materials |
146.0 |
116.0 |
95.8 |
263.1 |
238.9 |
|
Inventories - Other |
22.1 |
8.9 |
6.2 |
2.3 |
-14.1 |
|
Total Inventory |
597.2 |
467.4 |
498.1 |
636.9 |
567.3 |
|
Prepaid Expenses |
101.7 |
67.1 |
111.6 |
69.3 |
64.5 |
|
Deferred Income Tax - Current Asset |
51.1 |
36.2 |
21.5 |
43.7 |
16.1 |
|
Other Current Assets |
- |
0.0 |
0.5 |
2.3 |
2.7 |
|
Other Current Assets, Total |
51.1 |
36.2 |
22.0 |
46.0 |
18.8 |
|
Total Current Assets |
4,820.6 |
3,465.8 |
2,401.6 |
4,154.2 |
3,039.6 |
|
|
|
|
|
|
|
|
Buildings |
835.6 |
759.8 |
715.3 |
627.8 |
533.9 |
|
Land/Improvements |
229.8 |
206.2 |
200.9 |
120.9 |
72.8 |
|
Machinery/Equipment |
4,898.6 |
4,457.6 |
4,226.5 |
3,459.3 |
3,208.8 |
|
Construction in
Progress |
258.0 |
262.5 |
338.3 |
1,021.7 |
879.6 |
|
Leases |
- |
1.9 |
- |
- |
- |
|
Other
Property/Plant/Equipment |
16.3 |
15.4 |
15.0 |
15.6 |
17.4 |
|
Property/Plant/Equipment - Gross |
6,238.4 |
5,703.4 |
5,496.0 |
5,245.4 |
4,712.6 |
|
Accumulated Depreciation |
-3,340.2 |
-2,726.5 |
-2,300.1 |
-1,983.7 |
-1,709.2 |
|
Property/Plant/Equipment - Net |
2,898.2 |
2,977.0 |
3,196.0 |
3,261.7 |
3,003.4 |
|
Goodwill, Net |
4.3 |
3.9 |
3.8 |
3.8 |
3.8 |
|
Intangibles, Net |
59.0 |
73.1 |
89.2 |
101.3 |
103.2 |
|
LT Investment - Affiliate Companies |
4,017.0 |
3,436.2 |
2,890.7 |
3,527.5 |
3,035.7 |
|
LT Investments - Other |
148.2 |
137.6 |
80.1 |
81.3 |
80.1 |
|
Long Term Investments |
4,165.2 |
3,573.8 |
2,970.8 |
3,608.8 |
3,115.9 |
|
Deferred Charges |
32.1 |
29.1 |
33.3 |
22.8 |
3.2 |
|
Pension Benefits - Overfunded |
- |
- |
- |
10.8 |
10.9 |
|
Deferred Income Tax - Long Term Asset |
0.0 |
56.5 |
111.3 |
3.6 |
76.0 |
|
Other Long Term Assets |
206.8 |
174.0 |
164.9 |
12.9 |
21.8 |
|
Other Long Term Assets, Total |
238.9 |
259.5 |
309.4 |
50.2 |
112.0 |
|
Total Assets |
12,186.2 |
10,353.2 |
8,970.8 |
11,180.1 |
9,377.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
515.0 |
440.0 |
210.4 |
484.1 |
345.7 |
|
Accrued Expenses |
163.8 |
130.7 |
113.1 |
132.4 |
116.1 |
|
Notes Payable/Short Term Debt |
259.8 |
325.8 |
463.1 |
483.7 |
247.6 |
|
Current Portion - Long Term Debt/Capital Leases |
330.4 |
458.8 |
486.0 |
379.9 |
310.7 |
|
Other Payables |
102.6 |
104.1 |
69.1 |
93.5 |
255.6 |
|
Other Current Liabilities |
88.8 |
68.4 |
68.7 |
62.7 |
64.5 |
|
Other Current liabilities, Total |
191.4 |
172.5 |
137.7 |
156.2 |
320.1 |
|
Total Current Liabilities |
1,460.4 |
1,527.9 |
1,410.2 |
1,636.5 |
1,340.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,451.0 |
1,559.9 |
1,870.8 |
1,660.6 |
1,931.4 |
|
Total Long Term Debt |
1,451.0 |
1,559.9 |
1,870.8 |
1,660.6 |
1,931.4 |
|
Total Debt |
2,041.2 |
2,344.6 |
2,819.8 |
2,524.3 |
2,489.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
61.7 |
- |
- |
- |
- |
|
Deferred Income Tax |
61.7 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
252.6 |
216.0 |
194.6 |
191.4 |
181.8 |
|
Other Long Term Liabilities |
14.2 |
4.5 |
4.2 |
5.3 |
15.5 |
|
Other Liabilities, Total |
266.8 |
220.5 |
198.8 |
196.7 |
197.3 |
|
Total Liabilities |
3,239.9 |
3,308.3 |
3,479.8 |
3,493.8 |
3,468.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,099.3 |
1,913.7 |
1,743.1 |
1,763.7 |
1,755.6 |
|
Common Stock |
2,099.3 |
1,913.7 |
1,743.1 |
1,763.7 |
1,755.6 |
|
Additional Paid-In Capital |
439.9 |
400.6 |
390.5 |
395.1 |
363.4 |
|
Retained Earnings (Accumulated Deficit) |
4,293.2 |
3,255.0 |
2,769.2 |
3,381.2 |
2,676.4 |
|
Unrealized Gain (Loss) |
2,112.1 |
1,369.8 |
461.0 |
2,057.4 |
1,046.5 |
|
Translation Adjustment |
1.7 |
105.8 |
127.3 |
88.8 |
67.3 |
|
Other Equity, Total |
1.7 |
105.8 |
127.3 |
88.8 |
67.3 |
|
Total Equity |
8,946.3 |
7,044.9 |
5,491.0 |
7,686.3 |
5,909.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
12,186.2 |
10,353.2 |
8,970.8 |
11,180.1 |
9,377.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Total Common Shares Outstanding |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Employees |
5,570 |
5,519 |
5,562 |
5,463 |
5,421 |
|
Number of Common Shareholders |
239,663 |
289,185 |
302,952 |
254,174 |
265,459 |
|
Total Long Term Debt, Supplemental |
604.8 |
721.5 |
- |
- |
- |
|
Long Term Debt Maturing within 1 Year |
51.4 |
92.1 |
- |
- |
- |
|
Long Term Debt Maturing in Year 2 |
35.5 |
296.9 |
- |
- |
- |
|
Long Term Debt Maturing in Year 3 |
488.1 |
282.5 |
- |
- |
- |
|
Long Term Debt Maturing in Year 4 |
19.9 |
22.8 |
- |
- |
- |
|
Long Term Debt Maturing in Year 5 |
9.9 |
18.1 |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
523.5 |
579.4 |
- |
- |
- |
|
Long Term Debt Maturing in 4-5 Years |
29.8 |
41.0 |
- |
- |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
9.1 |
- |
- |
- |
|
Pension Obligation - Domestic |
304.7 |
254.5 |
254.1 |
251.8 |
246.1 |
|
Plan Assets - Domestic |
8.1 |
7.4 |
8.6 |
9.3 |
6.8 |
|
Funded Status - Domestic |
-296.6 |
-247.1 |
-245.5 |
-242.4 |
-239.3 |
|
Accumulated Obligation - Domestic |
232.4 |
191.6 |
189.1 |
200.7 |
188.6 |
|
Total Funded Status |
-296.6 |
-247.1 |
-245.5 |
-242.4 |
-239.3 |
|
Discount Rate - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Expected Rate of Return - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Compensation Rate - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Prepaid Benefits - Domestic |
- |
- |
- |
10.8 |
10.9 |
|
Accrued Liabilities - Domestic |
-252.6 |
-216.0 |
-194.6 |
-191.4 |
-181.8 |
|
Net Assets Recognized on Balance Sheet |
-252.6 |
-216.0 |
-194.6 |
-180.5 |
-170.9 |
|
Total Plan Obligations |
304.7 |
254.5 |
254.1 |
251.8 |
246.1 |
|
Total Plan Assets |
8.1 |
7.4 |
8.6 |
9.3 |
6.8 |
Annual
Cash Flows
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
32.525305 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
Depreciation |
350.8 |
364.8 |
354.7 |
305.4 |
273.8 |
|
Depreciation/Depletion |
350.8 |
364.8 |
354.7 |
305.4 |
273.8 |
|
Amortization of Intangibles |
30.7 |
28.4 |
22.5 |
14.2 |
10.3 |
|
Amortization |
30.7 |
28.4 |
22.5 |
14.2 |
10.3 |
|
Deferred Taxes |
103.9 |
42.2 |
-89.4 |
43.9 |
-96.6 |
|
Unusual Items |
-8.6 |
-2.2 |
-5.8 |
-37.1 |
-15.1 |
|
Equity in Net Earnings (Loss) |
-579.6 |
-472.8 |
-172.4 |
-767.7 |
-534.3 |
|
Other Non-Cash Items |
422.3 |
74.6 |
736.3 |
430.2 |
424.6 |
|
Non-Cash Items |
-165.9 |
-400.3 |
558.1 |
-374.6 |
-124.8 |
|
Accounts Receivable |
-45.8 |
-152.3 |
229.4 |
-115.7 |
-38.0 |
|
Inventories |
-61.4 |
107.3 |
-124.6 |
-53.7 |
-101.6 |
|
Prepaid Expenses |
-21.7 |
45.9 |
-8.9 |
-24.8 |
7.7 |
|
Other Assets |
-15.5 |
-6.0 |
-18.5 |
-5.5 |
4.8 |
|
Accounts Payable |
29.9 |
217.0 |
-274.9 |
77.7 |
144.9 |
|
Accrued Expenses |
18.9 |
14.3 |
-17.7 |
15.6 |
1.4 |
|
Other Liabilities |
56.5 |
-0.7 |
- |
- |
- |
|
Other Assets & Liabilities, Net |
2.6 |
2.1 |
2.1 |
- |
- |
|
Changes in Working Capital |
-36.5 |
227.6 |
-213.2 |
-106.3 |
19.2 |
|
Cash from Operating Activities |
1,728.9 |
1,096.5 |
1,257.5 |
1,337.9 |
1,031.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-81.2 |
-98.2 |
-250.7 |
-487.0 |
-573.7 |
|
Purchase/Acquisition of Intangibles |
0.0 |
-0.7 |
0.0 |
- |
- |
|
Capital Expenditures |
-81.2 |
-99.0 |
-250.7 |
-487.0 |
-573.7 |
|
Sale of Fixed Assets |
7.1 |
2.1 |
2.1 |
18.5 |
9.3 |
|
Sale/Maturity of Investment |
0.0 |
1.6 |
0.0 |
9.4 |
9.4 |
|
Investment, Net |
0.0 |
-57.5 |
5.6 |
- |
- |
|
Purchase of Investments |
-76.3 |
-26.0 |
-13.9 |
-9.6 |
-75.2 |
|
Sale of Intangible Assets |
- |
- |
0.6 |
0.0 |
- |
|
Other Investing Cash Flow |
-115.3 |
7.4 |
-11.2 |
60.2 |
-225.0 |
|
Other Investing Cash Flow Items, Total |
-184.5 |
-72.5 |
-16.8 |
78.4 |
-281.5 |
|
Cash from Investing Activities |
-265.7 |
-171.4 |
-267.4 |
-408.6 |
-855.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-44.8 |
24.1 |
-25.5 |
-112.3 |
59.6 |
|
Financing Cash Flow Items |
-44.8 |
24.1 |
-25.5 |
-112.3 |
59.6 |
|
Total Cash Dividends Paid |
-786.2 |
-302.6 |
-1,214.4 |
-765.0 |
-707.1 |
|
Short Term Debt, Net |
-90.1 |
-145.2 |
-15.4 |
232.3 |
128.7 |
|
Long Term Debt Issued |
364.6 |
196.4 |
655.5 |
- |
- |
|
Long Term Debt
Reduction |
-761.4 |
-580.9 |
-305.9 |
- |
- |
|
Long Term Debt, Net |
-396.7 |
-384.5 |
349.6 |
-208.4 |
220.5 |
|
Issuance (Retirement) of Debt, Net |
-486.8 |
-529.7 |
334.1 |
23.9 |
349.2 |
|
Cash from Financing Activities |
-1,317.8 |
-808.1 |
-905.7 |
-853.4 |
-298.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
7.0 |
6.4 |
-45.4 |
-31.9 |
0.0 |
|
Net Change in Cash |
152.4 |
123.4 |
39.0 |
44.0 |
-121.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
259.5 |
124.2 |
91.0 |
43.3 |
165.6 |
|
Net Cash - Ending Balance |
412.0 |
247.5 |
130.0 |
87.4 |
43.8 |
|
Cash Interest Paid |
42.5 |
64.4 |
63.8 |
68.5 |
53.3 |
|
Cash Taxes Paid |
48.2 |
21.2 |
34.2 |
77.0 |
1.0 |
Annual
Income Statement
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
32.525305 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 Sales |
7,160.3 |
5,460.1 |
6,354.6 |
5,899.1 |
4,780.6 |
|
Sales Returns & Allowance |
-6.6 |
-7.2 |
-8.6 |
-6.0 |
-5.2 |
|
Total Revenue |
7,153.7 |
5,452.9 |
6,346.1 |
5,893.1 |
4,775.5 |
|
|
|
|
|
|
|
|
Cost of Sales |
5,852.2 |
4,761.5 |
5,899.6 |
5,042.7 |
4,199.8 |
|
Unrealized Gain on Inter-Affiliate |
- |
- |
- |
- |
0.5 |
|
Selling Expenses |
174.9 |
159.9 |
158.1 |
167.2 |
128.9 |
|
General and Administrative Expenses |
111.1 |
93.0 |
105.3 |
93.2 |
88.4 |
|
Research and Development Expenses |
26.0 |
22.1 |
29.1 |
24.5 |
16.5 |
|
Gain on Physical Inventory |
- |
- |
- |
-0.4 |
-2.1 |
|
Loss on Physical Inventory |
- |
- |
- |
0.5 |
0.1 |
|
Inventory Devaluation |
- |
- |
- |
-12.0 |
12.7 |
|
Total Operating Expense |
6,164.3 |
5,036.6 |
6,192.1 |
5,315.7 |
4,444.8 |
|
|
|
|
|
|
|
|
Interest Income |
8.2 |
7.8 |
14.9 |
14.1 |
10.3 |
|
Gain on Equity Investment |
579.6 |
472.8 |
172.4 |
767.7 |
534.3 |
|
Dividend Income |
83.2 |
34.4 |
220.5 |
154.3 |
120.7 |
|
Gain on Sale of Assets |
8.7 |
0.4 |
1.7 |
6.6 |
8.4 |
|
Gain on Sale of Investments |
0.4 |
4.6 |
4.2 |
32.6 |
7.4 |
|
Gain on Foreign Exchange |
- |
0.0 |
59.6 |
26.3 |
12.8 |
|
Rent Income |
3.1 |
3.0 |
3.5 |
3.6 |
3.4 |
|
G/L on Financial Assets Revaluation |
-2.0 |
0.1 |
-6.4 |
5.5 |
0.6 |
|
G/L on Fin. Liabilities Revaluation |
1.3 |
0.5 |
-3.8 |
0.7 |
5.9 |
|
Miscellaneous Income |
20.0 |
14.9 |
26.5 |
24.0 |
16.2 |
|
Interest Expense |
-40.8 |
-50.0 |
-65.7 |
-63.7 |
-58.7 |
|
Loss on Sale of Assets |
-0.1 |
-3.6 |
-0.1 |
-0.6 |
-0.7 |
|
Loss on Other Investments |
- |
- |
- |
-1.0 |
0.0 |
|
Foreign Exchange Losses |
-4.2 |
-1.9 |
0.0 |
- |
- |
|
Miscellaneous Disbursements |
-8.2 |
-1.9 |
-6.4 |
-4.5 |
-4.0 |
|
Net Income Before Taxes |
1,638.5 |
897.5 |
575.0 |
1,543.1 |
987.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
192.5 |
63.7 |
-49.9 |
87.6 |
30.5 |
|
Net Income After Taxes |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
- |
- |
- |
0.0 |
|
Net Income Before Extra. Items |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
Accounting Change |
- |
- |
- |
- |
-7.1 |
|
Net Income |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Basic EPS Including ExtraOrdinary Item |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted Net Income |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
Diluted Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted EPS Including ExtraOrd Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
DPS-Common Stock |
0.22 |
0.12 |
0.05 |
0.19 |
0.13 |
|
Gross Dividends - Common Stock |
1,321.5 |
741.4 |
326.4 |
1,166.8 |
773.9 |
|
Normalized Income Before Taxes |
1,629.9 |
900.7 |
573.4 |
1,537.1 |
979.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
191.5 |
64.0 |
-50.4 |
87.3 |
30.2 |
|
Normalized Income After Taxes |
1,438.5 |
836.7 |
623.8 |
1,449.8 |
949.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,438.5 |
836.7 |
623.8 |
1,449.8 |
949.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted Normalized EPS |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
R&D Expense, Supplemental |
26.0 |
22.1 |
29.1 |
24.5 |
16.5 |
|
Interest Expense |
40.8 |
50.0 |
65.7 |
63.7 |
58.7 |
|
Interest Capitalized |
-1.9 |
-4.1 |
-22.6 |
-21.2 |
- |
|
Depreciation, Operating Cost |
341.0 |
354.5 |
342.1 |
294.7 |
263.1 |
|
Depreciation, Operating Expense |
9.8 |
10.3 |
12.6 |
10.7 |
10.7 |
|
Depreciation, Non-Operating Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization, Operating Cost |
30.3 |
27.6 |
22.2 |
12.9 |
8.8 |
|
Amortization, Operating Expense |
0.3 |
0.8 |
0.1 |
0.7 |
0.9 |
|
Amortization, Non-Operating Expense |
0.0 |
0.1 |
0.2 |
0.5 |
0.6 |
|
Current Tax Payable |
88.6 |
21.5 |
39.5 |
43.7 |
77.1 |
|
Current Tax - Total |
88.6 |
21.5 |
39.5 |
43.7 |
77.1 |
|
Deferred Tax |
103.9 |
42.2 |
-89.4 |
43.9 |
-46.6 |
|
Deferred Tax - Total |
103.9 |
42.2 |
-89.4 |
43.9 |
-46.6 |
|
Income Tax - Total |
192.5 |
63.7 |
-49.9 |
87.6 |
30.5 |
|
Service Cost |
6.6 |
7.0 |
8.0 |
8.0 |
8.1 |
|
Interest Cost |
7.7 |
7.6 |
7.7 |
7.3 |
7.1 |
|
Expected Return on Plan Assets |
-0.3 |
-0.1 |
-0.3 |
-0.4 |
0.0 |
|
Plan Assets Gains/Losses |
0.1 |
-0.2 |
0.0 |
0.2 |
-0.2 |
|
Amort. Transitional Benefit Obligation |
5.4 |
5.2 |
5.4 |
5.2 |
5.2 |
|
Amort. of Transition Cost |
- |
0.3 |
0.5 |
0.6 |
0.6 |
|
Domestic Pension Plan Expense |
19.5 |
19.7 |
21.4 |
20.9 |
20.8 |
|
Pro. for Defined Contribution Plan |
4.7 |
3.1 |
3.1 |
- |
- |
|
Total Pension Expense |
24.2 |
22.9 |
24.4 |
20.9 |
20.8 |
|
Discount Rate |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Rate of Compensation Increase |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Expected Rate of Return on Plan Assets |
3.00% |
3.00% |
- |
3.00% |
3.00% |
Annual
Balance Sheet
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
29.1565 |
31.985 |
32.818 |
32.4345 |
32.585 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 and Cash Equivalent |
445.1 |
255.6 |
124.9 |
88.5 |
43.7 |
|
Notes Receivable |
28.8 |
11.4 |
13.5 |
16.3 |
16.8 |
|
Accounts Receivable, Gross |
292.2 |
228.9 |
158.6 |
271.4 |
185.8 |
|
Provision for Doubtful Accounts |
-7.8 |
-6.9 |
-4.7 |
-8.4 |
-6.0 |
|
Accounts Receivable, Related Parties |
123.9 |
130.0 |
46.8 |
139.1 |
110.2 |
|
Other Receivables |
37.6 |
31.2 |
20.7 |
35.1 |
444.0 |
|
Other Receivables - Related Parties |
530.5 |
372.0 |
369.9 |
382.4 |
35.4 |
|
Finished Goods |
333.9 |
254.5 |
306.8 |
280.2 |
254.4 |
|
Half-Finished Goods |
73.1 |
62.2 |
57.2 |
- |
- |
|
Raw Materials |
118.1 |
90.5 |
71.4 |
69.5 |
62.3 |
|
Supplies |
27.9 |
25.6 |
24.3 |
193.6 |
176.6 |
|
Work-in-Process Parts |
22.0 |
25.7 |
32.1 |
28.9 |
23.8 |
|
Inventory in Transit |
25.2 |
10.6 |
7.7 |
5.0 |
- |
|
Other Inventory |
0.9 |
0.0 |
0.1 |
0.0 |
- |
|
Unrealized Valuation Difference |
-3.9 |
-1.7 |
-1.5 |
-2.2 |
-1.4 |
|
Work-in-Process |
- |
- |
- |
62.4 |
58.6 |
|
Goods in Transit |
- |
- |
- |
- |
5.4 |
|
Material Processing - Out-source |
- |
- |
- |
- |
0.0 |
|
Consigned Goods |
- |
- |
- |
- |
0.3 |
|
Provision/Allowance for Inventory |
- |
- |
- |
-0.6 |
-12.7 |
|
Prepayment & Other Current Assets |
101.7 |
67.1 |
111.6 |
69.3 |
64.5 |
|
Deferred Income Tax Assets, Current |
51.1 |
36.2 |
21.5 |
43.7 |
16.1 |
|
Current Fin. Assets at Fair Value |
0.4 |
1.8 |
2.0 |
1.9 |
0.2 |
|
Current Fin. Assets - Held for Sale |
2,620.0 |
1,871.2 |
1,038.1 |
2,475.6 |
1,558.8 |
|
Financial Derivatives - Hedging |
- |
0.0 |
0.5 |
2.3 |
2.7 |
|
Total Current Assets |
4,820.6 |
3,465.8 |
2,401.6 |
4,154.2 |
3,039.6 |
|
|
|
|
|
|
|
|
Financial Derivatives - Non-Current |
- |
- |
- |
2.1 |
9.5 |
|
Financial Assets Valuation - Cost Method |
148.0 |
135.0 |
75.1 |
77.5 |
79.6 |
|
Financial Assets - Fair Value, Non-Curr. |
0.2 |
2.6 |
5.0 |
3.9 |
0.5 |
|
Long Term Equity Investment |
4,017.0 |
3,436.2 |
2,890.7 |
3,527.5 |
3,035.7 |
|
Land |
229.8 |
206.2 |
200.9 |
120.9 |
72.8 |
|
Buildings and Structures |
835.6 |
759.8 |
715.3 |
627.8 |
533.9 |
|
Machinery and Equipment |
4,730.7 |
4,308.0 |
4,085.3 |
3,346.1 |
3,107.1 |
|
Miscellaneous Equipment |
167.9 |
149.6 |
141.2 |
113.2 |
101.7 |
|
Revaluation Increments |
16.3 |
15.4 |
15.0 |
15.6 |
17.4 |
|
Accumulated Depreciation |
-3,340.2 |
-2,726.2 |
-2,300.1 |
-1,983.7 |
-1,709.2 |
|
Construction in Progress |
252.4 |
256.1 |
330.1 |
958.4 |
769.5 |
|
Prepayment for Land & Construction |
5.6 |
6.4 |
8.1 |
63.3 |
110.2 |
|
Goodwill |
4.3 |
3.9 |
3.8 |
3.8 |
3.8 |
|
Deferred Pension Cost |
- |
- |
- |
10.8 |
10.9 |
|
Technological Cooperation Costs |
24.4 |
29.9 |
35.6 |
37.4 |
38.8 |
|
Land Use Right |
18.2 |
17.8 |
18.7 |
18.2 |
8.6 |
|
Other Intangible Assets |
16.3 |
25.4 |
35.0 |
45.7 |
55.8 |
|
Idle Assets & Assets for Lease |
- |
- |
8.1 |
8.2 |
8.5 |
|
Idle Assets |
7.2 |
6.7 |
- |
- |
- |
|
Assets Leased to Others |
- |
1.9 |
- |
- |
- |
|
Accum. Depreciation for Leased Assets |
- |
-0.3 |
- |
- |
- |
|
Security Deposits Paid |
2.5 |
2.8 |
2.5 |
2.7 |
3.9 |
|
Deferred Income Tax Assets, Non-Current |
0.0 |
56.5 |
111.3 |
3.6 |
76.0 |
|
Deferred Charges |
32.1 |
29.1 |
33.3 |
22.8 |
3.2 |
|
Other Assets |
197.2 |
164.5 |
154.3 |
0.0 |
- |
|
Total Assets |
12,186.2 |
10,353.2 |
8,970.8 |
11,180.1 |
9,377.9 |
|
|
|
|
|
|
|
|
ST Borrowings |
254.2 |
321.4 |
290.0 |
475.0 |
236.4 |
|
Notes Payable |
- |
0.0 |
109.6 |
0.0 |
- |
|
Employee Borrowings |
4.5 |
3.5 |
63.4 |
8.7 |
10.9 |
|
Current Portion of Long Term Debt |
158.9 |
208.7 |
214.8 |
188.8 |
132.7 |
|
Current Portion of Corporate Bonds |
171.5 |
250.1 |
271.2 |
191.2 |
178.0 |
|
Financial Liabilities at Fair Value |
1.1 |
0.9 |
0.0 |
0.1 |
0.3 |
|
Hedging Derivative Liabilities, Current |
- |
0.0 |
0.5 |
2.1 |
4.3 |
|
Accounts Payable |
105.6 |
99.5 |
78.6 |
186.5 |
114.2 |
|
Accounts Payable - Related Parties |
409.4 |
340.5 |
131.8 |
297.6 |
231.5 |
|
Accrued Expenses |
163.8 |
130.7 |
113.1 |
132.4 |
116.1 |
|
Other Payables,Related Parties |
8.0 |
54.3 |
29.4 |
45.8 |
151.5 |
|
Other Payables |
94.6 |
49.8 |
39.6 |
47.7 |
104.1 |
|
Other Current Liabilities |
88.8 |
68.4 |
68.2 |
60.6 |
60.2 |
|
Total Current Liabilities |
1,460.4 |
1,527.9 |
1,410.2 |
1,636.5 |
1,340.1 |
|
|
|
|
|
|
|
|
Long Term Borrowings |
628.8 |
840.2 |
1,106.9 |
986.0 |
1,068.7 |
|
Corporate Bonds Payable |
821.6 |
717.7 |
760.5 |
674.6 |
862.4 |
|
Fncl. Liab. - Fair Value, Non-Current |
0.6 |
2.0 |
3.4 |
0.0 |
0.3 |
|
Total Long Term Debt |
1,451.0 |
1,559.9 |
1,870.8 |
1,660.6 |
1,931.4 |
|
|
|
|
|
|
|
|
Financial Derivatives - Hedging |
- |
- |
- |
2.1 |
10.8 |
|
Accrued Pension Liabilities |
252.6 |
216.0 |
194.6 |
191.4 |
181.8 |
|
Deferred Income Tax Liabilities |
61.7 |
- |
- |
- |
- |
|
Other Long Term Liabilities |
14.2 |
4.5 |
4.2 |
3.2 |
4.7 |
|
Total Liabilities |
3,239.9 |
3,308.3 |
3,479.8 |
3,493.8 |
3,468.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,099.3 |
1,913.7 |
1,743.1 |
1,763.7 |
1,755.6 |
|
Share Premium |
278.8 |
254.2 |
247.7 |
250.7 |
249.5 |
|
Capital Surplus, Other |
161.1 |
146.4 |
142.7 |
144.4 |
113.9 |
|
Legal Reserve |
1,086.4 |
904.2 |
821.2 |
683.5 |
585.5 |
|
Special Reserve |
887.0 |
864.5 |
1,022.1 |
1,074.2 |
683.6 |
|
Retained Earnings |
2,319.9 |
1,486.3 |
926.0 |
1,623.5 |
1,407.2 |
|
Unrealized Gain on FA Revaluation |
6.2 |
5.6 |
5.5 |
5.6 |
5.5 |
|
Unrealized Gain on Financial Products |
2,105.9 |
1,364.1 |
455.5 |
2,051.8 |
1,040.9 |
|
Cumulative Translation Adjustment |
1.7 |
105.8 |
127.3 |
88.8 |
67.3 |
|
Total Equity |
8,946.3 |
7,044.9 |
5,491.0 |
7,686.3 |
5,909.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
12,186.2 |
10,353.2 |
8,970.8 |
11,180.1 |
9,377.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Total Common Shares Outstanding |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Full-Time Employees |
5,570 |
5,519 |
5,562 |
5,463 |
5,421 |
|
Shareholdere Number |
239,663 |
289,185 |
302,952 |
254,174 |
265,459 |
|
LT Borrowing within 1 Year |
51.4 |
92.1 |
- |
- |
- |
|
LT Borrowing within 2 Years |
35.5 |
296.9 |
- |
- |
- |
|
LT Borrowing within 3 Years |
488.1 |
282.5 |
- |
- |
- |
|
LT Borrowing within 4 Years |
19.9 |
22.8 |
- |
- |
- |
|
LT Borrowing within 5 Years |
9.9 |
18.1 |
- |
- |
- |
|
LT Borrowing in Remaining Years |
- |
9.1 |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
604.8 |
721.5 |
- |
- |
- |
|
Benefit Obligation |
304.7 |
254.5 |
254.1 |
251.8 |
246.1 |
|
Fair Value of Plan Assets |
8.1 |
7.4 |
8.6 |
9.3 |
6.8 |
|
Funded Status |
-296.6 |
-247.1 |
-245.5 |
-242.4 |
-239.3 |
|
Accumulated Benefit Obligation |
232.4 |
191.6 |
189.1 |
200.7 |
188.6 |
|
Total Funded Status |
-296.6 |
-247.1 |
-245.5 |
-242.4 |
-239.3 |
|
Discount Rate |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Rate of Compensation Increase |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Expected Rate of Return on Plan Assets |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Deferred Pension Cost |
- |
- |
- |
10.8 |
10.9 |
|
Accrued Pension Liabilities |
-252.6 |
-216.0 |
-194.6 |
-191.4 |
-181.8 |
|
Net Assets Recognized on Balance Sheet |
-252.6 |
-216.0 |
-194.6 |
-180.5 |
-170.9 |
Annual
Cash Flows
Financials
in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
32.525305 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
Depreciation |
350.8 |
364.8 |
354.7 |
305.4 |
273.8 |
|
Amortization |
30.7 |
28.4 |
22.5 |
14.2 |
10.3 |
|
Unrealized Loss on Foreign Exchange |
6.0 |
0.4 |
-5.7 |
-0.6 |
-1.3 |
|
Provision for Doubtful Accounts |
0.3 |
2.1 |
- |
- |
- |
|
Amortization of Corporate Bonds Payable |
0.5 |
0.4 |
0.2 |
0.2 |
- |
|
Inventory Devaluation & Obsolescence |
-3.4 |
-63.2 |
- |
- |
- |
|
Equity Investment Gain/Loss |
-579.6 |
-472.8 |
-172.4 |
-767.7 |
-534.3 |
|
Cash Dividends from Equity Subsidiaries |
404.7 |
120.9 |
650.6 |
431.7 |
398.8 |
|
Gain/Loss on Disposal of Properties |
-6.9 |
3.4 |
-1.6 |
-6.0 |
-7.7 |
|
Other Expenses-Construction in Progress |
0.0 |
0.1 |
0.0 |
0.0 |
- |
|
GL on Disposal of Idle & Rental Assets |
-1.4 |
0.0 |
- |
- |
- |
|
Disposal of Other Assets-Land |
0.0 |
-1.2 |
0.0 |
- |
- |
|
Gain/Loss on Disposal of Land Use Right |
-0.4 |
0.0 |
- |
- |
- |
|
G/L on Sale of Investments |
0.0 |
-4.6 |
-4.2 |
0.0 |
- |
|
Impairment on Financial Assets |
0.0 |
0.2 |
- |
- |
- |
|
Amort. of Provisions |
- |
- |
74.4 |
-9.8 |
12.5 |
|
Deferred Tax |
103.9 |
42.2 |
-89.4 |
43.9 |
-96.6 |
|
Unrealized Gain on Fin. Assets - Cost |
- |
- |
- |
1.0 |
0.0 |
|
Impairment-Fin. Assets for Sale |
- |
- |
0.0 |
- |
- |
|
Impairment-Fin. Assets-Cost |
- |
- |
0.0 |
0.6 |
0.0 |
|
Gain on Sale of Fin. Asset-Held for Sale |
- |
- |
- |
0.0 |
-0.6 |
|
Gain on Sale of LT Invest., EEB Transfer |
- |
- |
- |
- |
-5.6 |
|
Sale of Fncl. Ast., Equity & Cost Method |
- |
- |
- |
-32.6 |
-1.1 |
|
Deferred Directors Renumeration Transfer |
-0.4 |
-1.8 |
-0.1 |
0.0 |
-0.2 |
|
Fin. Assets Revaluation at Fair Value |
- |
- |
- |
-5.5 |
4.8 |
|
Fin. A ssets&Liabilities at Fair Value |
2.6 |
2.1 |
2.1 |
- |
- |
|
Accounts & Notes Receivable |
- |
- |
212.2 |
-110.5 |
-35.4 |
|
Notes Receivable |
-15.1 |
2.3 |
- |
- |
- |
|
Accounts Receivable |
-46.4 |
-65.5 |
- |
- |
- |
|
Accounts Receivable-Related Parties |
17.3 |
-79.4 |
- |
- |
- |
|
Other Receivables |
-3.1 |
-9.6 |
17.2 |
-5.2 |
-2.6 |
|
Other Receivables-Related Parties |
1.5 |
-0.1 |
- |
- |
- |
|
Inventories |
-61.4 |
107.3 |
-124.6 |
-53.7 |
-101.6 |
|
Prepayment&Other Current Assets |
-21.7 |
45.9 |
-8.9 |
-24.8 |
7.7 |
|
Other Assets |
-15.5 |
-6.0 |
-18.5 |
- |
- |
|
Accounts & Notes Payable |
- |
- |
- |
- |
66.9 |
|
Accounts Payable |
-3.3 |
18.3 |
-277.4 |
135.1 |
- |
|
Accounts Payable,Related Parties |
33.2 |
198.7 |
- |
- |
- |
|
Accrued Expenses |
18.9 |
14.3 |
-17.7 |
15.6 |
1.4 |
|
Other Payables |
46.3 |
1.4 |
- |
- |
- |
|
Other Payables,Related Parties |
-2.5 |
-0.6 |
- |
- |
- |
|
Other Current Liabilities |
12.7 |
-1.5 |
- |
- |
- |
|
Other Payable & Current Liabilities |
- |
- |
2.4 |
-57.4 |
78.0 |
|
Accrued Pension Liabilities |
14.5 |
15.8 |
16.8 |
8.7 |
14.8 |
|
Unrealized Loss from Sales |
- |
- |
- |
- |
0.5 |
|
Corporate Bond Exchange Payable |
- |
- |
- |
- |
-0.5 |
|
Corporate Bond Conversion Cost Payable |
- |
- |
- |
- |
-0.1 |
|
Cash from Operating Activities |
1,728.9 |
1,096.5 |
1,257.5 |
1,337.9 |
1,031.6 |
|
|
|
|
|
|
|
|
Fin. Assets Decrease - Held for Sale |
- |
- |
- |
0.0 |
6.8 |
|
Purchase of Financial Assets for Sale |
-14.2 |
-23.1 |
0.0 |
-8.5 |
-12.2 |
|
Fin. Assets at Cost Net |
0.0 |
-57.5 |
5.6 |
- |
- |
|
Sale of LT Equity Investment |
0.0 |
1.6 |
0.0 |
9.3 |
2.6 |
|
Disposal of Fixed Assets |
7.1 |
2.1 |
2.1 |
18.5 |
9.3 |
|
Disposal of Idle Assets&Leased Assets |
3.1 |
0.0 |
- |
- |
- |
|
Sale of Other Assets-Land |
0.0 |
1.2 |
0.0 |
- |
- |
|
Capital Expenditure |
-81.2 |
-98.2 |
-250.7 |
-487.0 |
-573.7 |
|
LT/Equity Investment Increase |
-62.1 |
-2.8 |
-13.9 |
-1.1 |
-63.0 |
|
Security Deposit Paid |
0.6 |
-0.3 |
0.3 |
1.2 |
60.8 |
|
Deferred Charges |
-13.0 |
-5.8 |
-19.4 |
-0.7 |
-74.0 |
|
Sale of Deferred Charges |
- |
0.0 |
0.0 |
0.0 |
- |
|
Technology Increase |
0.0 |
-0.7 |
0.0 |
- |
- |
|
Sale of Land Use Right |
- |
- |
0.6 |
0.0 |
- |
|
Due from Related Parties |
-106.0 |
7.2 |
7.8 |
55.2 |
-217.8 |
|
Cap.Reduction of Fin. Assets-Cost Method |
0.0 |
3.1 |
0.0 |
4.4 |
6.2 |
|
Cap. Return of Fin. Assets-Cost Method |
0.0 |
1.9 |
0.0 |
0.1 |
0.0 |
|
Cash from Investing Activities |
-265.7 |
-171.4 |
-267.4 |
-408.6 |
-855.2 |
|
|
|
|
|
|
|
|
ST & Employee Borrowing, Net |
- |
- |
-129.5 |
232.3 |
128.7 |
|
Short Term Borrowings |
-90.6 |
23.4 |
- |
- |
- |
|
Employee Borrowings |
0.6 |
-59.6 |
- |
- |
- |
|
ST Notes, Net |
0.0 |
-109.0 |
114.1 |
0.0 |
- |
|
Issuance of Corporate Bonds |
190.0 |
181.2 |
- |
- |
- |
|
Repayment of Corporate Bonds |
-254.0 |
-269.5 |
- |
- |
- |
|
Long Term Borrowings, Net |
- |
- |
- |
-208.4 |
220.5 |
|
Long Term Borrowings |
174.6 |
15.1 |
- |
- |
- |
|
Repayment of LT Borrowings |
-507.4 |
-311.4 |
- |
- |
- |
|
Long Term Borrowings&Coporate Bonds |
- |
- |
655.5 |
- |
- |
|
Repay. of LT Borrowings&Corporate Bonds |
- |
- |
-305.9 |
- |
- |
|
Cash Dividend |
-786.2 |
-302.6 |
-1,214.4 |
-765.0 |
-707.1 |
|
Directors Remuneration&Employees Bonus |
- |
- |
-5.2 |
-5.3 |
-4.5 |
|
Other Liabilities |
0.4 |
0.2 |
1.1 |
0.0 |
-0.2 |
|
Accounts Payables-Related Parties |
-45.2 |
23.9 |
-21.3 |
-107.0 |
64.3 |
|
Cash from Financing Activities |
-1,317.8 |
-808.1 |
-905.7 |
-853.4 |
-298.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
7.0 |
6.4 |
-45.4 |
-31.9 |
0.0 |
|
Net Change in Cash |
152.4 |
123.4 |
39.0 |
44.0 |
-121.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
259.5 |
124.2 |
91.0 |
43.3 |
165.6 |
|
Net Cash - Ending Balance |
412.0 |
247.5 |
130.0 |
87.4 |
43.8 |
|
Cash Interest Paid |
42.5 |
64.4 |
63.8 |
68.5 |
53.3 |
|
Cash Taxes Paid |
48.2 |
21.2 |
34.2 |
77.0 |
1.0 |
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-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
32.525305 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 |
7,160.3 |
5,460.1 |
6,354.6 |
5,899.1 |
4,780.6 |
|
Sales Returns and Allowances |
-6.6 |
-7.2 |
-8.6 |
-6.0 |
-5.2 |
|
Revenue |
7,153.7 |
5,452.9 |
6,346.1 |
5,893.1 |
4,775.5 |
|
Total Revenue |
7,153.7 |
5,452.9 |
6,346.1 |
5,893.1 |
4,775.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
5,852.2 |
4,761.5 |
5,899.6 |
5,030.8 |
4,210.4 |
|
Cost of Revenue, Total |
5,852.2 |
4,761.5 |
5,899.6 |
5,030.8 |
4,210.4 |
|
Gross Profit |
1,301.5 |
691.4 |
446.5 |
862.3 |
565.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
286.1 |
253.0 |
263.4 |
260.4 |
217.4 |
|
Total Selling/General/Administrative Expenses |
286.1 |
253.0 |
263.4 |
260.4 |
217.4 |
|
Research & Development |
26.0 |
22.1 |
29.1 |
24.5 |
16.5 |
|
Other, Net |
- |
- |
- |
- |
0.5 |
|
Other Operating Expenses, Total |
- |
- |
- |
- |
0.5 |
|
Total Operating Expense |
6,164.3 |
5,036.6 |
6,192.1 |
5,315.7 |
4,444.8 |
|
|
|
|
|
|
|
|
Operating Income |
989.4 |
416.3 |
154.0 |
577.4 |
330.7 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-40.8 |
-50.0 |
-65.7 |
-63.7 |
-58.7 |
|
Interest Expense, Net Non-Operating |
-40.8 |
-50.0 |
-65.7 |
-63.7 |
-58.7 |
|
Interest Income -
Non-Operating |
8.2 |
7.8 |
14.9 |
14.1 |
10.3 |
|
Investment Income -
Non-Operating |
658.2 |
510.6 |
446.4 |
986.2 |
681.7 |
|
Interest/Investment Income - Non-Operating |
666.5 |
518.4 |
461.3 |
1,000.3 |
692.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
625.7 |
468.3 |
395.6 |
936.6 |
633.3 |
|
Gain (Loss) on Sale of Assets |
8.6 |
-3.2 |
1.6 |
6.0 |
7.7 |
|
Other Non-Operating Income (Expense) |
14.8 |
16.0 |
23.7 |
23.1 |
15.6 |
|
Other, Net |
14.8 |
16.0 |
23.7 |
23.1 |
15.6 |
|
Income Before Tax |
1,638.5 |
897.5 |
575.0 |
1,543.1 |
987.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
192.5 |
63.7 |
-49.9 |
87.6 |
30.5 |
|
Income After Tax |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
- |
- |
- |
0.0 |
|
Net Income Before Extraord Items |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
Accounting Change |
- |
- |
- |
- |
-7.1 |
|
Total Extraord Items |
- |
- |
- |
- |
-7.1 |
|
Net Income |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Basic EPS Excl Extraord Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Basic/Primary EPS Incl Extraord Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted Net Income |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
Diluted Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Diluted EPS Excl Extraord Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted EPS Incl Extraord Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Dividends per Share - Common Stock Primary Issue |
0.22 |
0.12 |
0.05 |
0.19 |
0.13 |
|
Gross Dividends - Common Stock |
1,321.5 |
741.4 |
326.4 |
1,166.8 |
773.9 |
|
Interest Expense, Supplemental |
40.8 |
50.0 |
65.7 |
63.7 |
58.7 |
|
Interest Capitalized, Supplemental |
-1.9 |
-4.1 |
-22.6 |
-21.2 |
- |
|
Depreciation, Supplemental |
350.8 |
364.8 |
354.7 |
305.4 |
273.8 |
|
Total Special Items |
-8.6 |
3.2 |
-1.6 |
-6.0 |
-7.7 |
|
Normalized Income Before Tax |
1,629.9 |
900.7 |
573.4 |
1,537.1 |
979.5 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-1.0 |
0.2 |
-0.6 |
-0.3 |
-0.2 |
|
Inc Tax Ex Impact of Sp Items |
191.5 |
64.0 |
-50.4 |
87.3 |
30.2 |
|
Normalized Income After Tax |
1,438.5 |
836.7 |
623.8 |
1,449.8 |
949.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,438.5 |
836.7 |
623.8 |
1,449.8 |
949.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted Normalized EPS |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Amort of Intangibles, Supplemental |
30.7 |
28.4 |
22.5 |
14.2 |
10.3 |
|
Research & Development Exp, Supplemental |
26.0 |
22.1 |
29.1 |
24.5 |
16.5 |
|
Normalized EBIT |
989.4 |
416.3 |
154.0 |
577.4 |
330.7 |
|
Normalized EBITDA |
1,370.8 |
809.6 |
531.3 |
896.9 |
614.8 |
|
Current Tax - Total |
88.6 |
21.5 |
39.5 |
43.7 |
77.1 |
|
Current Tax - Total |
88.6 |
21.5 |
39.5 |
43.7 |
77.1 |
|
Deferred Tax - Total |
103.9 |
42.2 |
-89.4 |
43.9 |
-46.6 |
|
Deferred Tax - Total |
103.9 |
42.2 |
-89.4 |
43.9 |
-46.6 |
|
Income Tax - Total |
192.5 |
63.7 |
-49.9 |
87.6 |
30.5 |
|
Interest Cost - Domestic |
7.7 |
7.6 |
7.7 |
7.3 |
7.1 |
|
Service Cost - Domestic |
6.6 |
7.0 |
8.0 |
8.0 |
8.1 |
|
Expected Return on Assets - Domestic |
-0.3 |
-0.1 |
-0.3 |
-0.4 |
0.0 |
|
Actuarial Gains and Losses - Domestic |
0.1 |
-0.2 |
0.0 |
0.2 |
-0.2 |
|
Transition Costs - Domestic |
5.4 |
5.4 |
5.9 |
5.8 |
5.9 |
|
Domestic Pension Plan Expense |
19.5 |
19.7 |
21.4 |
20.9 |
20.8 |
|
Defined Contribution Expense - Domestic |
4.7 |
3.1 |
3.1 |
- |
- |
|
Total Pension Expense |
24.2 |
22.9 |
24.4 |
20.9 |
20.8 |
|
Discount Rate - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Expected Rate of Return - Domestic |
3.00% |
3.00% |
- |
3.00% |
3.00% |
|
Compensation Rate - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Total Plan Interest Cost |
7.7 |
7.6 |
7.7 |
7.3 |
7.1 |
|
Total Plan Service Cost |
6.6 |
7.0 |
8.0 |
8.0 |
8.1 |
|
Total Plan Expected Return |
-0.3 |
-0.1 |
-0.3 |
-0.4 |
0.0 |
Interim
Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
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) |
28.855204 |
29.305764 |
30.350199 |
31.911435 |
31.824532 |
|
|
|
|
|
|
|
|
Gross Revenue |
1,979.9 |
2,073.6 |
1,884.7 |
1,807.8 |
1,871.5 |
|
Sales Returns and Allowances |
-1.2 |
-1.6 |
-2.3 |
-1.3 |
-1.7 |
|
Revenue |
1,978.8 |
2,072.0 |
1,882.4 |
1,806.6 |
1,869.8 |
|
Total Revenue |
1,978.8 |
2,072.0 |
1,882.4 |
1,806.6 |
1,869.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
1,613.7 |
1,653.0 |
1,488.2 |
1,461.6 |
1,529.7 |
|
Cost of Revenue, Total |
1,613.7 |
1,653.0 |
1,488.2 |
1,461.6 |
1,529.7 |
|
Gross Profit |
365.1 |
419.0 |
394.2 |
345.0 |
340.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
73.2 |
73.8 |
81.4 |
70.9 |
85.5 |
|
Total Selling/General/Administrative Expenses |
73.2 |
73.8 |
81.4 |
70.9 |
85.5 |
|
Research & Development |
10.6 |
8.4 |
8.8 |
6.5 |
-9.8 |
|
Total Operating Expense |
1,697.5 |
1,735.2 |
1,578.5 |
1,539.0 |
1,605.4 |
|
|
|
|
|
|
|
|
Operating Income |
281.2 |
336.8 |
303.9 |
267.6 |
264.4 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-10.2 |
-9.8 |
-9.2 |
-10.4 |
-10.4 |
|
Interest Expense, Net Non-Operating |
-10.2 |
-9.8 |
-9.2 |
-10.4 |
-10.4 |
|
Interest Income -
Non-Operating |
6.7 |
3.9 |
2.1 |
2.0 |
1.9 |
|
Investment Income -
Non-Operating |
149.6 |
241.8 |
161.7 |
200.6 |
159.5 |
|
Interest/Investment Income - Non-Operating |
156.4 |
245.7 |
163.8 |
202.6 |
161.4 |
|
Interest Income (Expense) - Net Non-Operating Total |
146.2 |
235.9 |
154.6 |
192.2 |
151.0 |
|
Gain (Loss) on Sale of Assets |
2.4 |
0.0 |
2.2 |
-0.1 |
6.5 |
|
Other Non-Operating Income (Expense) |
12.8 |
9.6 |
3.4 |
3.2 |
5.7 |
|
Other, Net |
12.8 |
9.6 |
3.4 |
3.2 |
5.7 |
|
Income Before Tax |
442.6 |
582.3 |
464.0 |
462.8 |
427.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
60.5 |
66.3 |
56.1 |
49.8 |
57.1 |
|
Income After Tax |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
Net Income |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Basic EPS Excl Extraord Items |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Basic/Primary EPS Incl Extraord Items |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
Diluted Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Diluted EPS Excl Extraord Items |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Diluted EPS Incl Extraord Items |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.22 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
1,371.4 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
10.2 |
9.8 |
9.2 |
10.4 |
10.4 |
|
Interest Capitalized, Supplemental |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
|
Depreciation, Supplemental |
102.6 |
87.3 |
90.4 |
86.7 |
87.1 |
|
Total Special Items |
-2.4 |
0.0 |
-2.2 |
0.1 |
-6.5 |
|
Normalized Income Before Tax |
440.2 |
582.3 |
461.8 |
462.9 |
421.1 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
-0.3 |
0.0 |
-0.3 |
0.0 |
-0.9 |
|
Inc Tax Ex Impact of Sp Items |
60.2 |
66.3 |
55.8 |
49.8 |
56.2 |
|
Normalized Income After Tax |
380.0 |
516.0 |
406.0 |
413.1 |
364.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
380.0 |
516.0 |
406.0 |
413.1 |
364.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Diluted Normalized EPS |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Amort of Intangibles, Supplemental |
8.9 |
7.8 |
10.3 |
6.8 |
7.4 |
|
Research & Development Exp, Supplemental |
10.6 |
8.4 |
8.8 |
6.5 |
-9.8 |
|
Normalized EBIT |
281.2 |
336.8 |
303.9 |
267.6 |
264.4 |
|
Normalized EBITDA |
392.7 |
432.0 |
404.6 |
361.1 |
358.9 |
Annual
Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
29.1565 |
31.985 |
32.818 |
32.4345 |
32.585 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 |
445.1 |
255.6 |
124.9 |
88.5 |
43.7 |
|
Short Term Investments |
2,620.4 |
1,872.9 |
1,040.1 |
2,477.5 |
1,559.0 |
|
Cash and Short Term Investments |
3,065.4 |
2,128.5 |
1,165.1 |
2,566.0 |
1,602.7 |
|
Accounts Receivable -
Trade, Gross |
292.2 |
228.9 |
158.6 |
271.4 |
185.8 |
|
Provision for Doubtful
Accounts |
-7.8 |
-6.9 |
-4.7 |
-8.4 |
-6.0 |
|
Trade Accounts Receivable - Net |
408.3 |
352.0 |
200.7 |
402.2 |
290.0 |
|
Notes Receivable - Short Term |
28.8 |
11.4 |
13.5 |
16.3 |
16.8 |
|
Other Receivables |
568.1 |
403.2 |
390.7 |
417.5 |
479.4 |
|
Total Receivables, Net |
1,005.2 |
766.6 |
604.8 |
835.9 |
786.3 |
|
Inventories - Finished Goods |
333.9 |
254.5 |
306.8 |
280.2 |
260.1 |
|
Inventories - Work In Progress |
95.1 |
88.0 |
89.3 |
91.4 |
82.4 |
|
Inventories - Raw Materials |
146.0 |
116.0 |
95.8 |
263.1 |
238.9 |
|
Inventories - Other |
22.1 |
8.9 |
6.2 |
2.3 |
-14.1 |
|
Total Inventory |
597.2 |
467.4 |
498.1 |
636.9 |
567.3 |
|
Prepaid Expenses |
101.7 |
67.1 |
111.6 |
69.3 |
64.5 |
|
Deferred Income Tax - Current Asset |
51.1 |
36.2 |
21.5 |
43.7 |
16.1 |
|
Other Current Assets |
- |
0.0 |
0.5 |
2.3 |
2.7 |
|
Other Current Assets, Total |
51.1 |
36.2 |
22.0 |
46.0 |
18.8 |
|
Total Current Assets |
4,820.6 |
3,465.8 |
2,401.6 |
4,154.2 |
3,039.6 |
|
|
|
|
|
|
|
|
Buildings |
835.6 |
759.8 |
715.3 |
627.8 |
533.9 |
|
Land/Improvements |
229.8 |
206.2 |
200.9 |
120.9 |
72.8 |
|
Machinery/Equipment |
4,898.6 |
4,457.6 |
4,226.5 |
3,459.3 |
3,208.8 |
|
Construction in
Progress |
258.0 |
262.5 |
338.3 |
1,021.7 |
879.6 |
|
Leases |
- |
1.9 |
- |
- |
- |
|
Other
Property/Plant/Equipment |
16.3 |
15.4 |
15.0 |
15.6 |
17.4 |
|
Property/Plant/Equipment - Gross |
6,238.4 |
5,703.4 |
5,496.0 |
5,245.4 |
4,712.6 |
|
Accumulated Depreciation |
-3,340.2 |
-2,726.5 |
-2,300.1 |
-1,983.7 |
-1,709.2 |
|
Property/Plant/Equipment - Net |
2,898.2 |
2,977.0 |
3,196.0 |
3,261.7 |
3,003.4 |
|
Goodwill, Net |
4.3 |
3.9 |
3.8 |
3.8 |
3.8 |
|
Intangibles, Net |
59.0 |
73.1 |
89.2 |
101.3 |
103.2 |
|
LT Investment - Affiliate Companies |
4,017.0 |
3,436.2 |
2,890.7 |
3,527.5 |
3,035.7 |
|
LT Investments - Other |
148.2 |
137.6 |
80.1 |
81.3 |
80.1 |
|
Long Term Investments |
4,165.2 |
3,573.8 |
2,970.8 |
3,608.8 |
3,115.9 |
|
Deferred Charges |
32.1 |
29.1 |
33.3 |
22.8 |
3.2 |
|
Pension Benefits - Overfunded |
- |
- |
- |
10.8 |
10.9 |
|
Deferred Income Tax - Long Term Asset |
0.0 |
56.5 |
111.3 |
3.6 |
76.0 |
|
Other Long Term Assets |
206.8 |
174.0 |
164.9 |
12.9 |
21.8 |
|
Other Long Term Assets, Total |
238.9 |
259.5 |
309.4 |
50.2 |
112.0 |
|
Total Assets |
12,186.2 |
10,353.2 |
8,970.8 |
11,180.1 |
9,377.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
515.0 |
440.0 |
210.4 |
484.1 |
345.7 |
|
Accrued Expenses |
163.8 |
130.7 |
113.1 |
132.4 |
116.1 |
|
Notes Payable/Short Term Debt |
259.8 |
325.8 |
463.1 |
483.7 |
247.6 |
|
Current Portion - Long Term Debt/Capital Leases |
330.4 |
458.8 |
486.0 |
379.9 |
310.7 |
|
Other Payables |
102.6 |
104.1 |
69.1 |
93.5 |
255.6 |
|
Other Current Liabilities |
88.8 |
68.4 |
68.7 |
62.7 |
64.5 |
|
Other Current liabilities, Total |
191.4 |
172.5 |
137.7 |
156.2 |
320.1 |
|
Total Current Liabilities |
1,460.4 |
1,527.9 |
1,410.2 |
1,636.5 |
1,340.1 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,451.0 |
1,559.9 |
1,870.8 |
1,660.6 |
1,931.4 |
|
Total Long Term Debt |
1,451.0 |
1,559.9 |
1,870.8 |
1,660.6 |
1,931.4 |
|
Total Debt |
2,041.2 |
2,344.6 |
2,819.8 |
2,524.3 |
2,489.6 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
61.7 |
- |
- |
- |
- |
|
Deferred Income Tax |
61.7 |
- |
- |
- |
- |
|
Pension Benefits - Underfunded |
252.6 |
216.0 |
194.6 |
191.4 |
181.8 |
|
Other Long Term Liabilities |
14.2 |
4.5 |
4.2 |
5.3 |
15.5 |
|
Other Liabilities, Total |
266.8 |
220.5 |
198.8 |
196.7 |
197.3 |
|
Total Liabilities |
3,239.9 |
3,308.3 |
3,479.8 |
3,493.8 |
3,468.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,099.3 |
1,913.7 |
1,743.1 |
1,763.7 |
1,755.6 |
|
Common Stock |
2,099.3 |
1,913.7 |
1,743.1 |
1,763.7 |
1,755.6 |
|
Additional Paid-In Capital |
439.9 |
400.6 |
390.5 |
395.1 |
363.4 |
|
Retained Earnings (Accumulated Deficit) |
4,293.2 |
3,255.0 |
2,769.2 |
3,381.2 |
2,676.4 |
|
Unrealized Gain (Loss) |
2,112.1 |
1,369.8 |
461.0 |
2,057.4 |
1,046.5 |
|
Translation Adjustment |
1.7 |
105.8 |
127.3 |
88.8 |
67.3 |
|
Other Equity, Total |
1.7 |
105.8 |
127.3 |
88.8 |
67.3 |
|
Total Equity |
8,946.3 |
7,044.9 |
5,491.0 |
7,686.3 |
5,909.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
12,186.2 |
10,353.2 |
8,970.8 |
11,180.1 |
9,377.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Total Common Shares Outstanding |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Employees |
5,570 |
5,519 |
5,562 |
5,463 |
5,421 |
|
Number of Common Shareholders |
239,663 |
289,185 |
302,952 |
254,174 |
265,459 |
|
Total Long Term Debt, Supplemental |
604.8 |
721.5 |
- |
- |
- |
|
Long Term Debt Maturing within 1 Year |
51.4 |
92.1 |
- |
- |
- |
|
Long Term Debt Maturing in Year 2 |
35.5 |
296.9 |
- |
- |
- |
|
Long Term Debt Maturing in Year 3 |
488.1 |
282.5 |
- |
- |
- |
|
Long Term Debt Maturing in Year 4 |
19.9 |
22.8 |
- |
- |
- |
|
Long Term Debt Maturing in Year 5 |
9.9 |
18.1 |
- |
- |
- |
|
Long Term Debt Maturing in 2-3 Years |
523.5 |
579.4 |
- |
- |
- |
|
Long Term Debt Maturing in 4-5 Years |
29.8 |
41.0 |
- |
- |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
9.1 |
- |
- |
- |
|
Pension Obligation - Domestic |
304.7 |
254.5 |
254.1 |
251.8 |
246.1 |
|
Plan Assets - Domestic |
8.1 |
7.4 |
8.6 |
9.3 |
6.8 |
|
Funded Status - Domestic |
-296.6 |
-247.1 |
-245.5 |
-242.4 |
-239.3 |
|
Accumulated Obligation - Domestic |
232.4 |
191.6 |
189.1 |
200.7 |
188.6 |
|
Total Funded Status |
-296.6 |
-247.1 |
-245.5 |
-242.4 |
-239.3 |
|
Discount Rate - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Expected Rate of Return - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Compensation Rate - Domestic |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Prepaid Benefits - Domestic |
- |
- |
- |
10.8 |
10.9 |
|
Accrued Liabilities - Domestic |
-252.6 |
-216.0 |
-194.6 |
-191.4 |
-181.8 |
|
Net Assets Recognized on Balance Sheet |
-252.6 |
-216.0 |
-194.6 |
-180.5 |
-170.9 |
|
Total Plan Obligations |
304.7 |
254.5 |
254.1 |
251.8 |
246.1 |
|
Total Plan Assets |
8.1 |
7.4 |
8.6 |
9.3 |
6.8 |
Interim
Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
28.7235 |
29.4065 |
29.1565 |
31.2415 |
32.1315 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
455.2 |
341.6 |
445.1 |
199.5 |
690.8 |
|
Short Term Investments |
2,805.4 |
3,052.2 |
2,620.4 |
2,191.5 |
1,724.8 |
|
Cash and Short Term Investments |
3,260.5 |
3,393.8 |
3,065.4 |
2,390.9 |
2,415.6 |
|
Accounts Receivable -
Trade, Gross |
267.6 |
338.0 |
292.2 |
268.3 |
271.1 |
|
Provision for Doubtful
Accounts |
-0.2 |
-0.2 |
-7.8 |
-7.3 |
-8.1 |
|
Trade Accounts Receivable - Net |
420.3 |
522.5 |
408.3 |
396.0 |
415.3 |
|
Notes Receivable - Short Term |
25.7 |
27.0 |
28.8 |
17.7 |
23.2 |
|
Other Receivables |
1,176.4 |
936.9 |
568.1 |
401.0 |
129.4 |
|
Total Receivables, Net |
1,622.5 |
1,486.3 |
1,005.2 |
814.8 |
567.9 |
|
Inventories - Finished Goods |
444.5 |
383.6 |
333.9 |
253.4 |
380.8 |
|
Inventories - Work In Progress |
87.4 |
104.4 |
95.1 |
82.0 |
93.9 |
|
Inventories - Raw Materials |
130.7 |
203.3 |
146.0 |
161.6 |
137.9 |
|
Inventories - Other |
9.0 |
1.1 |
22.1 |
-0.9 |
-2.6 |
|
Total Inventory |
671.6 |
692.3 |
597.2 |
496.2 |
610.1 |
|
Prepaid Expenses |
120.4 |
111.0 |
101.7 |
114.1 |
95.3 |
|
Deferred Income Tax - Current Asset |
17.6 |
31.4 |
51.1 |
38.6 |
35.9 |
|
Other Current Assets |
6.2 |
6.0 |
- |
- |
- |
|
Other Current Assets, Total |
23.8 |
37.5 |
51.1 |
38.6 |
35.9 |
|
Total Current Assets |
5,698.7 |
5,720.8 |
4,820.6 |
3,854.6 |
3,724.9 |
|
|
|
|
|
|
|
|
Buildings |
842.0 |
817.5 |
835.6 |
785.5 |
766.0 |
|
Land/Improvements |
233.1 |
227.7 |
229.8 |
214.5 |
208.6 |
|
Machinery/Equipment |
5,047.4 |
4,895.5 |
4,898.6 |
4,600.7 |
4,482.6 |
|
Construction in
Progress |
240.3 |
250.7 |
258.0 |
254.5 |
252.2 |
|
Other
Property/Plant/Equipment |
16.4 |
16.1 |
16.3 |
15.2 |
14.9 |
|
Property/Plant/Equipment - Gross |
6,379.3 |
6,207.5 |
6,238.4 |
5,870.4 |
5,724.2 |
|
Accumulated Depreciation |
-3,568.5 |
-3,391.8 |
-3,340.2 |
-3,044.1 |
-2,882.3 |
|
Property/Plant/Equipment - Net |
2,810.8 |
2,815.7 |
2,898.2 |
2,826.4 |
2,841.9 |
|
Goodwill, Net |
4.3 |
4.2 |
4.3 |
4.0 |
3.9 |
|
Intangibles, Net |
51.2 |
54.5 |
59.0 |
61.0 |
64.3 |
|
LT Investment - Affiliate Companies |
4,451.0 |
4,264.7 |
4,017.0 |
3,588.3 |
3,636.1 |
|
LT Investments - Other |
150.3 |
146.8 |
148.2 |
138.8 |
136.3 |
|
Long Term Investments |
4,601.3 |
4,411.5 |
4,165.2 |
3,727.1 |
3,772.4 |
|
Deferred Charges |
49.5 |
40.3 |
32.1 |
25.1 |
24.5 |
|
Deferred Income Tax - Long Term Asset |
0.0 |
- |
0.0 |
0.0 |
8.6 |
|
Other Long Term Assets |
209.4 |
233.2 |
206.8 |
170.4 |
177.1 |
|
Other Long Term Assets, Total |
258.8 |
273.5 |
238.9 |
195.5 |
210.3 |
|
Total Assets |
13,425.2 |
13,280.2 |
12,186.2 |
10,668.5 |
10,617.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
411.0 |
453.5 |
515.0 |
296.8 |
390.8 |
|
Accrued Expenses |
167.0 |
229.8 |
163.8 |
185.8 |
134.6 |
|
Notes Payable/Short Term Debt |
473.9 |
410.0 |
259.8 |
252.3 |
279.3 |
|
Current Portion - Long Term Debt/Capital Leases |
415.6 |
313.4 |
330.4 |
392.8 |
332.5 |
|
Other Payables |
1,521.4 |
145.5 |
102.6 |
103.3 |
826.6 |
|
Other Current Liabilities |
74.7 |
78.7 |
88.8 |
65.3 |
64.1 |
|
Other Current liabilities, Total |
1,596.1 |
224.1 |
191.4 |
168.6 |
890.8 |
|
Total Current Liabilities |
3,063.6 |
1,630.9 |
1,460.4 |
1,296.3 |
2,027.9 |
|
|
|
|
|
|
|
|
Long Term Debt |
1,302.4 |
1,403.1 |
1,451.0 |
1,340.4 |
1,635.2 |
|
Total Long Term Debt |
1,302.4 |
1,403.1 |
1,451.0 |
1,340.4 |
1,635.2 |
|
Total Debt |
2,191.9 |
2,126.5 |
2,041.2 |
1,985.4 |
2,246.9 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
97.6 |
78.0 |
61.7 |
18.7 |
- |
|
Deferred Income Tax |
97.6 |
78.0 |
61.7 |
18.7 |
- |
|
Pension Benefits - Underfunded |
260.5 |
252.8 |
252.6 |
232.5 |
222.2 |
|
Other Long Term Liabilities |
13.1 |
16.0 |
14.2 |
12.7 |
4.3 |
|
Other Liabilities, Total |
273.6 |
268.8 |
266.8 |
245.2 |
226.5 |
|
Total Liabilities |
4,737.1 |
3,380.8 |
3,239.9 |
2,900.5 |
3,889.5 |
|
|
|
|
|
|
|
|
Common Stock |
2,131.0 |
2,081.5 |
2,099.3 |
1,959.2 |
1,905.0 |
|
Common Stock |
2,131.0 |
2,081.5 |
2,099.3 |
1,959.2 |
1,905.0 |
|
Additional Paid-In Capital |
446.7 |
436.2 |
439.9 |
410.3 |
398.8 |
|
Retained Earnings (Accumulated Deficit) |
3,819.2 |
4,771.0 |
4,293.2 |
3,610.4 |
3,100.2 |
|
Unrealized Gain (Loss) |
2,287.7 |
2,586.6 |
2,112.1 |
1,693.8 |
1,203.4 |
|
Translation Adjustment |
3.4 |
24.2 |
1.7 |
94.2 |
120.7 |
|
Other Equity, Total |
3.4 |
24.2 |
1.7 |
94.2 |
120.7 |
|
Total Equity |
8,688.1 |
9,899.4 |
8,946.3 |
7,768.0 |
6,728.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
13,425.2 |
13,280.2 |
12,186.2 |
10,668.5 |
10,617.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Total Common Shares Outstanding |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
- |
5,579 |
5,570 |
5,511 |
5,494 |
|
Total Long Term Debt, Supplemental |
- |
594.3 |
604.8 |
606.2 |
672.4 |
|
Long Term Debt Maturing within 1 Year |
- |
50.8 |
51.4 |
125.0 |
69.2 |
|
Long Term Debt Maturing in Year 2 |
- |
35.2 |
35.5 |
296.5 |
428.4 |
|
Long Term Debt Maturing in Year 3 |
- |
478.8 |
488.1 |
147.5 |
138.7 |
|
Long Term Debt Maturing in Year 4 |
- |
9.9 |
19.9 |
18.6 |
18.1 |
|
Long Term Debt Maturing in Year 5 |
- |
9.9 |
9.9 |
18.6 |
18.1 |
|
Long Term Debt Maturing in 2-3 Years |
- |
514.0 |
523.5 |
444.0 |
567.1 |
|
Long Term Debt Maturing in 4-5 Years |
- |
19.7 |
29.8 |
37.1 |
36.1 |
|
Long Term Debt Matur. in Year 6 & Beyond |
- |
9.9 |
0.0 |
0.0 |
0.0 |
|
Accrued Liabilities - Domestic |
-260.5 |
-252.8 |
-252.6 |
-232.5 |
-222.2 |
|
Net Assets Recognized on Balance Sheet |
-260.5 |
-252.8 |
-252.6 |
-232.5 |
-222.2 |
Annual
Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
32.525305 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
Depreciation |
350.8 |
364.8 |
354.7 |
305.4 |
273.8 |
|
Depreciation/Depletion |
350.8 |
364.8 |
354.7 |
305.4 |
273.8 |
|
Amortization of Intangibles |
30.7 |
28.4 |
22.5 |
14.2 |
10.3 |
|
Amortization |
30.7 |
28.4 |
22.5 |
14.2 |
10.3 |
|
Deferred Taxes |
103.9 |
42.2 |
-89.4 |
43.9 |
-96.6 |
|
Unusual Items |
-8.6 |
-2.2 |
-5.8 |
-37.1 |
-15.1 |
|
Equity in Net Earnings (Loss) |
-579.6 |
-472.8 |
-172.4 |
-767.7 |
-534.3 |
|
Other Non-Cash Items |
422.3 |
74.6 |
736.3 |
430.2 |
424.6 |
|
Non-Cash Items |
-165.9 |
-400.3 |
558.1 |
-374.6 |
-124.8 |
|
Accounts Receivable |
-45.8 |
-152.3 |
229.4 |
-115.7 |
-38.0 |
|
Inventories |
-61.4 |
107.3 |
-124.6 |
-53.7 |
-101.6 |
|
Prepaid Expenses |
-21.7 |
45.9 |
-8.9 |
-24.8 |
7.7 |
|
Other Assets |
-15.5 |
-6.0 |
-18.5 |
-5.5 |
4.8 |
|
Accounts Payable |
29.9 |
217.0 |
-274.9 |
77.7 |
144.9 |
|
Accrued Expenses |
18.9 |
14.3 |
-17.7 |
15.6 |
1.4 |
|
Other Liabilities |
56.5 |
-0.7 |
- |
- |
- |
|
Other Assets & Liabilities, Net |
2.6 |
2.1 |
2.1 |
- |
- |
|
Changes in Working Capital |
-36.5 |
227.6 |
-213.2 |
-106.3 |
19.2 |
|
Cash from Operating Activities |
1,728.9 |
1,096.5 |
1,257.5 |
1,337.9 |
1,031.6 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-81.2 |
-98.2 |
-250.7 |
-487.0 |
-573.7 |
|
Purchase/Acquisition of Intangibles |
0.0 |
-0.7 |
0.0 |
- |
- |
|
Capital Expenditures |
-81.2 |
-99.0 |
-250.7 |
-487.0 |
-573.7 |
|
Sale of Fixed Assets |
7.1 |
2.1 |
2.1 |
18.5 |
9.3 |
|
Sale/Maturity of Investment |
0.0 |
1.6 |
0.0 |
9.4 |
9.4 |
|
Investment, Net |
0.0 |
-57.5 |
5.6 |
- |
- |
|
Purchase of Investments |
-76.3 |
-26.0 |
-13.9 |
-9.6 |
-75.2 |
|
Sale of Intangible Assets |
- |
- |
0.6 |
0.0 |
- |
|
Other Investing Cash Flow |
-115.3 |
7.4 |
-11.2 |
60.2 |
-225.0 |
|
Other Investing Cash Flow Items, Total |
-184.5 |
-72.5 |
-16.8 |
78.4 |
-281.5 |
|
Cash from Investing Activities |
-265.7 |
-171.4 |
-267.4 |
-408.6 |
-855.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-44.8 |
24.1 |
-25.5 |
-112.3 |
59.6 |
|
Financing Cash Flow Items |
-44.8 |
24.1 |
-25.5 |
-112.3 |
59.6 |
|
Total Cash Dividends Paid |
-786.2 |
-302.6 |
-1,214.4 |
-765.0 |
-707.1 |
|
Short Term Debt, Net |
-90.1 |
-145.2 |
-15.4 |
232.3 |
128.7 |
|
Long Term Debt Issued |
364.6 |
196.4 |
655.5 |
- |
- |
|
Long Term Debt
Reduction |
-761.4 |
-580.9 |
-305.9 |
- |
- |
|
Long Term Debt, Net |
-396.7 |
-384.5 |
349.6 |
-208.4 |
220.5 |
|
Issuance (Retirement) of Debt, Net |
-486.8 |
-529.7 |
334.1 |
23.9 |
349.2 |
|
Cash from Financing Activities |
-1,317.8 |
-808.1 |
-905.7 |
-853.4 |
-298.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
7.0 |
6.4 |
-45.4 |
-31.9 |
0.0 |
|
Net Change in Cash |
152.4 |
123.4 |
39.0 |
44.0 |
-121.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
259.5 |
124.2 |
91.0 |
43.3 |
165.6 |
|
Net Cash - Ending Balance |
412.0 |
247.5 |
130.0 |
87.4 |
43.8 |
|
Cash Interest Paid |
42.5 |
64.4 |
63.8 |
68.5 |
53.3 |
|
Cash Taxes Paid |
48.2 |
21.2 |
34.2 |
77.0 |
1.0 |
Interim
Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.074238 |
29.305764 |
31.497037 |
31.886422 |
31.875049 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
899.4 |
516.0 |
1,446.1 |
1,040.1 |
627.0 |
|
Depreciation |
189.8 |
87.3 |
350.8 |
260.4 |
173.7 |
|
Depreciation/Depletion |
189.8 |
87.3 |
350.8 |
260.4 |
173.7 |
|
Amortization of Intangibles |
16.7 |
7.8 |
30.7 |
20.5 |
13.7 |
|
Amortization |
16.7 |
7.8 |
30.7 |
20.5 |
13.7 |
|
Deferred Taxes |
68.4 |
36.2 |
103.9 |
73.4 |
48.0 |
|
Unusual Items |
-2.4 |
0.0 |
-8.6 |
-6.5 |
-6.5 |
|
Equity in Net Earnings (Loss) |
-381.7 |
-227.9 |
-579.6 |
-404.0 |
-284.9 |
|
Other Non-Cash Items |
56.6 |
-12.8 |
422.3 |
412.5 |
76.2 |
|
Non-Cash Items |
-327.6 |
-240.8 |
-165.9 |
2.0 |
-215.1 |
|
Accounts Receivable |
1.0 |
-108.6 |
-45.8 |
-34.6 |
-69.8 |
|
Inventories |
-62.2 |
-89.8 |
-61.4 |
-5.5 |
-147.7 |
|
Prepaid Expenses |
-17.6 |
-10.2 |
-21.7 |
-44.5 |
-28.7 |
|
Other Assets |
0.7 |
16.3 |
-15.5 |
9.1 |
-2.2 |
|
Accounts Payable |
-141.4 |
-22.9 |
73.7 |
-131.0 |
-49.1 |
|
Accrued Expenses |
0.7 |
67.7 |
18.9 |
50.9 |
4.5 |
|
Other Liabilities |
-15.2 |
-9.4 |
12.7 |
-4.6 |
- |
|
Other Assets & Liabilities, Net |
0.0 |
- |
2.6 |
1.2 |
-0.3 |
|
Changes in Working Capital |
-234.0 |
-156.9 |
-36.5 |
-158.9 |
-293.5 |
|
Cash from Operating Activities |
612.7 |
249.8 |
1,728.9 |
1,237.5 |
353.7 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-57.7 |
-20.4 |
-81.2 |
-57.1 |
-44.8 |
|
Purchase/Acquisition of Intangibles |
- |
- |
0.0 |
- |
0.0 |
|
Capital Expenditures |
-57.7 |
-20.4 |
-81.2 |
-57.1 |
-44.8 |
|
Sale of Fixed Assets |
0.4 |
0.0 |
7.1 |
6.6 |
6.6 |
|
Sale/Maturity of Investment |
- |
- |
0.0 |
0.0 |
- |
|
Purchase of Investments |
-58.0 |
-10.4 |
-76.3 |
-59.7 |
-11.8 |
|
Other Investing Cash Flow |
-610.8 |
-430.7 |
-115.3 |
-1.0 |
268.4 |
|
Other Investing Cash Flow Items, Total |
-668.4 |
-441.1 |
-184.5 |
-54.1 |
263.2 |
|
Cash from Investing Activities |
-726.2 |
-461.4 |
-265.7 |
-111.2 |
218.3 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.1 |
12.2 |
-44.8 |
-36.7 |
-41.4 |
|
Financing Cash Flow Items |
-0.1 |
12.2 |
-44.8 |
-36.7 |
-41.4 |
|
Cash Dividends Paid - Common |
-0.1 |
-0.1 |
-786.2 |
-745.6 |
-0.1 |
|
Total Cash Dividends Paid |
-0.1 |
-0.1 |
-786.2 |
-745.6 |
-0.1 |
|
Short Term Debt, Net |
208.3 |
153.3 |
-90.1 |
-79.5 |
-44.9 |
|
Long Term Debt Issued |
0.0 |
- |
364.6 |
385.2 |
298.0 |
|
Long Term Debt
Reduction |
-89.3 |
-49.9 |
-761.4 |
-711.0 |
-340.1 |
|
Long Term Debt, Net |
-89.3 |
-49.9 |
-396.7 |
-325.8 |
-42.1 |
|
Issuance (Retirement) of Debt, Net |
119.0 |
103.4 |
-486.8 |
-405.3 |
-87.0 |
|
Cash from Financing Activities |
118.8 |
115.5 |
-1,317.8 |
-1,187.7 |
-128.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-2.0 |
-3.8 |
7.0 |
0.5 |
-3.7 |
|
Net Change in Cash |
3.4 |
-100.0 |
152.4 |
-61.0 |
439.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
446.3 |
442.8 |
259.5 |
256.4 |
256.5 |
|
Net Cash - Ending Balance |
449.7 |
342.8 |
412.0 |
195.4 |
696.3 |
|
Cash Interest Paid |
22.1 |
4.6 |
42.5 |
42.7 |
32.2 |
|
Cash Taxes Paid |
92.0 |
6.4 |
48.2 |
33.5 |
30.4 |
Annual
Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
32.525305 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 Sales |
7,160.3 |
5,460.1 |
6,354.6 |
5,899.1 |
4,780.6 |
|
Sales Returns & Allowance |
-6.6 |
-7.2 |
-8.6 |
-6.0 |
-5.2 |
|
Total Revenue |
7,153.7 |
5,452.9 |
6,346.1 |
5,893.1 |
4,775.5 |
|
|
|
|
|
|
|
|
Cost of Sales |
5,852.2 |
4,761.5 |
5,899.6 |
5,042.7 |
4,199.8 |
|
Unrealized Gain on Inter-Affiliate |
- |
- |
- |
- |
0.5 |
|
Selling Expenses |
174.9 |
159.9 |
158.1 |
167.2 |
128.9 |
|
General and Administrative Expenses |
111.1 |
93.0 |
105.3 |
93.2 |
88.4 |
|
Research and Development Expenses |
26.0 |
22.1 |
29.1 |
24.5 |
16.5 |
|
Gain on Physical Inventory |
- |
- |
- |
-0.4 |
-2.1 |
|
Loss on Physical Inventory |
- |
- |
- |
0.5 |
0.1 |
|
Inventory Devaluation |
- |
- |
- |
-12.0 |
12.7 |
|
Total Operating Expense |
6,164.3 |
5,036.6 |
6,192.1 |
5,315.7 |
4,444.8 |
|
|
|
|
|
|
|
|
Interest Income |
8.2 |
7.8 |
14.9 |
14.1 |
10.3 |
|
Gain on Equity Investment |
579.6 |
472.8 |
172.4 |
767.7 |
534.3 |
|
Dividend Income |
83.2 |
34.4 |
220.5 |
154.3 |
120.7 |
|
Gain on Sale of Assets |
8.7 |
0.4 |
1.7 |
6.6 |
8.4 |
|
Gain on Sale of Investments |
0.4 |
4.6 |
4.2 |
32.6 |
7.4 |
|
Gain on Foreign Exchange |
- |
0.0 |
59.6 |
26.3 |
12.8 |
|
Rent Income |
3.1 |
3.0 |
3.5 |
3.6 |
3.4 |
|
G/L on Financial Assets Revaluation |
-2.0 |
0.1 |
-6.4 |
5.5 |
0.6 |
|
G/L on Fin. Liabilities Revaluation |
1.3 |
0.5 |
-3.8 |
0.7 |
5.9 |
|
Miscellaneous Income |
20.0 |
14.9 |
26.5 |
24.0 |
16.2 |
|
Interest Expense |
-40.8 |
-50.0 |
-65.7 |
-63.7 |
-58.7 |
|
Loss on Sale of Assets |
-0.1 |
-3.6 |
-0.1 |
-0.6 |
-0.7 |
|
Loss on Other Investments |
- |
- |
- |
-1.0 |
0.0 |
|
Foreign Exchange Losses |
-4.2 |
-1.9 |
0.0 |
- |
- |
|
Miscellaneous Disbursements |
-8.2 |
-1.9 |
-6.4 |
-4.5 |
-4.0 |
|
Net Income Before Taxes |
1,638.5 |
897.5 |
575.0 |
1,543.1 |
987.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
192.5 |
63.7 |
-49.9 |
87.6 |
30.5 |
|
Net Income After Taxes |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
|
|
|
|
|
|
|
Minority Interest |
- |
- |
- |
- |
0.0 |
|
Net Income Before Extra. Items |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
Accounting Change |
- |
- |
- |
- |
-7.1 |
|
Net Income |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
956.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Basic EPS Including ExtraOrdinary Item |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted Net Income |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
Diluted Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted EPS Including ExtraOrd Items |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
DPS-Common Stock |
0.22 |
0.12 |
0.05 |
0.19 |
0.13 |
|
Gross Dividends - Common Stock |
1,321.5 |
741.4 |
326.4 |
1,166.8 |
773.9 |
|
Normalized Income Before Taxes |
1,629.9 |
900.7 |
573.4 |
1,537.1 |
979.5 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
191.5 |
64.0 |
-50.4 |
87.3 |
30.2 |
|
Normalized Income After Taxes |
1,438.5 |
836.7 |
623.8 |
1,449.8 |
949.3 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1,438.5 |
836.7 |
623.8 |
1,449.8 |
949.3 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
Diluted Normalized EPS |
0.24 |
0.14 |
0.10 |
0.24 |
0.16 |
|
R&D Expense, Supplemental |
26.0 |
22.1 |
29.1 |
24.5 |
16.5 |
|
Interest Expense |
40.8 |
50.0 |
65.7 |
63.7 |
58.7 |
|
Interest Capitalized |
-1.9 |
-4.1 |
-22.6 |
-21.2 |
- |
|
Depreciation, Operating Cost |
341.0 |
354.5 |
342.1 |
294.7 |
263.1 |
|
Depreciation, Operating Expense |
9.8 |
10.3 |
12.6 |
10.7 |
10.7 |
|
Depreciation, Non-Operating Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization, Operating Cost |
30.3 |
27.6 |
22.2 |
12.9 |
8.8 |
|
Amortization, Operating Expense |
0.3 |
0.8 |
0.1 |
0.7 |
0.9 |
|
Amortization, Non-Operating Expense |
0.0 |
0.1 |
0.2 |
0.5 |
0.6 |
|
Current Tax Payable |
88.6 |
21.5 |
39.5 |
43.7 |
77.1 |
|
Current Tax - Total |
88.6 |
21.5 |
39.5 |
43.7 |
77.1 |
|
Deferred Tax |
103.9 |
42.2 |
-89.4 |
43.9 |
-46.6 |
|
Deferred Tax - Total |
103.9 |
42.2 |
-89.4 |
43.9 |
-46.6 |
|
Income Tax - Total |
192.5 |
63.7 |
-49.9 |
87.6 |
30.5 |
|
Service Cost |
6.6 |
7.0 |
8.0 |
8.0 |
8.1 |
|
Interest Cost |
7.7 |
7.6 |
7.7 |
7.3 |
7.1 |
|
Expected Return on Plan Assets |
-0.3 |
-0.1 |
-0.3 |
-0.4 |
0.0 |
|
Plan Assets Gains/Losses |
0.1 |
-0.2 |
0.0 |
0.2 |
-0.2 |
|
Amort. Transitional Benefit Obligation |
5.4 |
5.2 |
5.4 |
5.2 |
5.2 |
|
Amort. of Transition Cost |
- |
0.3 |
0.5 |
0.6 |
0.6 |
|
Domestic Pension Plan Expense |
19.5 |
19.7 |
21.4 |
20.9 |
20.8 |
|
Pro. for Defined Contribution Plan |
4.7 |
3.1 |
3.1 |
- |
- |
|
Total Pension Expense |
24.2 |
22.9 |
24.4 |
20.9 |
20.8 |
|
Discount Rate |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Rate of Compensation Increase |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Expected Rate of Return on Plan Assets |
3.00% |
3.00% |
- |
3.00% |
3.00% |
Interim
Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
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) |
28.855204 |
29.305764 |
30.350199 |
31.911435 |
31.824532 |
|
|
|
|
|
|
|
|
Gross Sales |
1,979.9 |
2,073.6 |
1,884.7 |
1,807.8 |
1,871.5 |
|
Sales Returns&Discounts |
-1.2 |
-1.6 |
-2.3 |
-1.3 |
-1.7 |
|
Total Revenue |
1,978.8 |
2,072.0 |
1,882.4 |
1,806.6 |
1,869.8 |
|
|
|
|
|
|
|
|
Cost of Sales |
1,613.7 |
1,653.0 |
1,488.2 |
1,461.6 |
1,529.7 |
|
Selling Expenses |
40.5 |
44.8 |
44.1 |
44.2 |
44.1 |
|
General and Administrative Expenses |
32.7 |
29.0 |
37.3 |
26.8 |
41.4 |
|
Research and Development Expenses |
10.6 |
8.4 |
8.8 |
6.5 |
-9.8 |
|
Total Operating Expense |
1,697.5 |
1,735.2 |
1,578.5 |
1,539.0 |
1,605.4 |
|
|
|
|
|
|
|
|
Interest Income |
6.7 |
3.9 |
2.1 |
2.0 |
1.9 |
|
Gain on Equity Investment |
153.1 |
227.9 |
177.0 |
119.2 |
146.9 |
|
Dividend Income |
- |
- |
0.0 |
82.1 |
0.0 |
|
Gain on Disposal of Fixed Assets |
2.5 |
0.0 |
2.3 |
0.0 |
6.5 |
|
G/L on Sale of Investments |
0.0 |
- |
0.4 |
-0.1 |
0.1 |
|
Gain/Loss on Foreign Exchange |
-3.1 |
13.7 |
-14.2 |
0.1 |
11.3 |
|
Financial Asset Valuation G/L |
0.0 |
-0.4 |
-1.6 |
-1.0 |
0.7 |
|
Financial Liabilities Valuation G/L |
-0.4 |
0.6 |
0.0 |
0.4 |
0.5 |
|
Rent Income |
0.9 |
0.9 |
0.8 |
0.7 |
0.8 |
|
Miscellaneous Income |
13.8 |
10.4 |
4.6 |
5.8 |
6.6 |
|
Interest Expense |
-10.2 |
-9.8 |
-9.2 |
-10.4 |
-10.4 |
|
Loss on Disposal of Fixed Assets |
-0.1 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Miscellaneous Disbursements |
-1.8 |
-1.6 |
-2.0 |
-3.3 |
-1.6 |
|
Net Income Before Taxes |
442.6 |
582.3 |
464.0 |
462.8 |
427.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
60.5 |
66.3 |
56.1 |
49.8 |
57.1 |
|
Net Income After Taxes |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
Net Income |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Basic EPS Including ExtraOrdinary Item |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Dilution Adjustment |
0.0 |
- |
- |
- |
- |
|
Diluted Net Income |
382.1 |
516.0 |
408.0 |
413.0 |
370.6 |
|
Diluted Weighted Average Shares |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Diluted EPS Including ExtraOrd Items |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.22 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
1,371.4 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
440.2 |
582.3 |
461.8 |
462.9 |
421.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
60.2 |
66.3 |
55.8 |
49.8 |
56.2 |
|
Normalized Income After Taxes |
380.0 |
516.0 |
406.0 |
413.1 |
364.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
380.0 |
516.0 |
406.0 |
413.1 |
364.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
Diluted Normalized EPS |
0.06 |
0.08 |
0.07 |
0.07 |
0.06 |
|
R&D Expense, Supplemental |
10.6 |
8.4 |
8.8 |
6.5 |
-9.8 |
|
Interest Expense |
10.2 |
9.8 |
9.2 |
10.4 |
10.4 |
|
Interest Capitalized |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
-0.5 |
|
Depreciation, Supplemental |
102.6 |
87.3 |
90.4 |
86.7 |
87.1 |
|
Amort of Intangibles, Supplemental |
8.9 |
7.8 |
10.3 |
6.8 |
7.4 |
Annual
Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Restated Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
29.1565 |
31.985 |
32.818 |
32.4345 |
32.585 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 and Cash Equivalent |
445.1 |
255.6 |
124.9 |
88.5 |
43.7 |
|
Notes Receivable |
28.8 |
11.4 |
13.5 |
16.3 |
16.8 |
|
Accounts Receivable, Gross |
292.2 |
228.9 |
158.6 |
271.4 |
185.8 |
|
Provision for Doubtful Accounts |
-7.8 |
-6.9 |
-4.7 |
-8.4 |
-6.0 |
|
Accounts Receivable, Related Parties |
123.9 |
130.0 |
46.8 |
139.1 |
110.2 |
|
Other Receivables |
37.6 |
31.2 |
20.7 |
35.1 |
444.0 |
|
Other Receivables - Related Parties |
530.5 |
372.0 |
369.9 |
382.4 |
35.4 |
|
Finished Goods |
333.9 |
254.5 |
306.8 |
280.2 |
254.4 |
|
Half-Finished Goods |
73.1 |
62.2 |
57.2 |
- |
- |
|
Raw Materials |
118.1 |
90.5 |
71.4 |
69.5 |
62.3 |
|
Supplies |
27.9 |
25.6 |
24.3 |
193.6 |
176.6 |
|
Work-in-Process Parts |
22.0 |
25.7 |
32.1 |
28.9 |
23.8 |
|
Inventory in Transit |
25.2 |
10.6 |
7.7 |
5.0 |
- |
|
Other Inventory |
0.9 |
0.0 |
0.1 |
0.0 |
- |
|
Unrealized Valuation Difference |
-3.9 |
-1.7 |
-1.5 |
-2.2 |
-1.4 |
|
Work-in-Process |
- |
- |
- |
62.4 |
58.6 |
|
Goods in Transit |
- |
- |
- |
- |
5.4 |
|
Material Processing - Out-source |
- |
- |
- |
- |
0.0 |
|
Consigned Goods |
- |
- |
- |
- |
0.3 |
|
Provision/Allowance for Inventory |
- |
- |
- |
-0.6 |
-12.7 |
|
Prepayment & Other Current Assets |
101.7 |
67.1 |
111.6 |
69.3 |
64.5 |
|
Deferred Income Tax Assets, Current |
51.1 |
36.2 |
21.5 |
43.7 |
16.1 |
|
Current Fin. Assets at Fair Value |
0.4 |
1.8 |
2.0 |
1.9 |
0.2 |
|
Current Fin. Assets - Held for Sale |
2,620.0 |
1,871.2 |
1,038.1 |
2,475.6 |
1,558.8 |
|
Financial Derivatives - Hedging |
- |
0.0 |
0.5 |
2.3 |
2.7 |
|
Total Current Assets |
4,820.6 |
3,465.8 |
2,401.6 |
4,154.2 |
3,039.6 |
|
|
|
|
|
|
|
|
Financial Derivatives - Non-Current |
- |
- |
- |
2.1 |
9.5 |
|
Financial Assets Valuation - Cost Method |
148.0 |
135.0 |
75.1 |
77.5 |
79.6 |
|
Financial Assets - Fair Value, Non-Curr. |
0.2 |
2.6 |
5.0 |
3.9 |
0.5 |
|
Long Term Equity Investment |
4,017.0 |
3,436.2 |
2,890.7 |
3,527.5 |
3,035.7 |
|
Land |
229.8 |
206.2 |
200.9 |
120.9 |
72.8 |
|
Buildings and Structures |
835.6 |
759.8 |
715.3 |
627.8 |
533.9 |
|
Machinery and Equipment |
4,730.7 |
4,308.0 |
4,085.3 |
3,346.1 |
3,107.1 |
|
Miscellaneous Equipment |
167.9 |
149.6 |
141.2 |
113.2 |
101.7 |
|
Revaluation Increments |
16.3 |
15.4 |
15.0 |
15.6 |
17.4 |
|
Accumulated Depreciation |
-3,340.2 |
-2,726.2 |
-2,300.1 |
-1,983.7 |
-1,709.2 |
|
Construction in Progress |
252.4 |
256.1 |
330.1 |
958.4 |
769.5 |
|
Prepayment for Land & Construction |
5.6 |
6.4 |
8.1 |
63.3 |
110.2 |
|
Goodwill |
4.3 |
3.9 |
3.8 |
3.8 |
3.8 |
|
Deferred Pension Cost |
- |
- |
- |
10.8 |
10.9 |
|
Technological Cooperation Costs |
24.4 |
29.9 |
35.6 |
37.4 |
38.8 |
|
Land Use Right |
18.2 |
17.8 |
18.7 |
18.2 |
8.6 |
|
Other Intangible Assets |
16.3 |
25.4 |
35.0 |
45.7 |
55.8 |
|
Idle Assets & Assets for Lease |
- |
- |
8.1 |
8.2 |
8.5 |
|
Idle Assets |
7.2 |
6.7 |
- |
- |
- |
|
Assets Leased to Others |
- |
1.9 |
- |
- |
- |
|
Accum. Depreciation for Leased Assets |
- |
-0.3 |
- |
- |
- |
|
Security Deposits Paid |
2.5 |
2.8 |
2.5 |
2.7 |
3.9 |
|
Deferred Income Tax Assets, Non-Current |
0.0 |
56.5 |
111.3 |
3.6 |
76.0 |
|
Deferred Charges |
32.1 |
29.1 |
33.3 |
22.8 |
3.2 |
|
Other Assets |
197.2 |
164.5 |
154.3 |
0.0 |
- |
|
Total Assets |
12,186.2 |
10,353.2 |
8,970.8 |
11,180.1 |
9,377.9 |
|
|
|
|
|
|
|
|
ST Borrowings |
254.2 |
321.4 |
290.0 |
475.0 |
236.4 |
|
Notes Payable |
- |
0.0 |
109.6 |
0.0 |
- |
|
Employee Borrowings |
4.5 |
3.5 |
63.4 |
8.7 |
10.9 |
|
Current Portion of Long Term Debt |
158.9 |
208.7 |
214.8 |
188.8 |
132.7 |
|
Current Portion of Corporate Bonds |
171.5 |
250.1 |
271.2 |
191.2 |
178.0 |
|
Financial Liabilities at Fair Value |
1.1 |
0.9 |
0.0 |
0.1 |
0.3 |
|
Hedging Derivative Liabilities, Current |
- |
0.0 |
0.5 |
2.1 |
4.3 |
|
Accounts Payable |
105.6 |
99.5 |
78.6 |
186.5 |
114.2 |
|
Accounts Payable - Related Parties |
409.4 |
340.5 |
131.8 |
297.6 |
231.5 |
|
Accrued Expenses |
163.8 |
130.7 |
113.1 |
132.4 |
116.1 |
|
Other Payables,Related Parties |
8.0 |
54.3 |
29.4 |
45.8 |
151.5 |
|
Other Payables |
94.6 |
49.8 |
39.6 |
47.7 |
104.1 |
|
Other Current Liabilities |
88.8 |
68.4 |
68.2 |
60.6 |
60.2 |
|
Total Current Liabilities |
1,460.4 |
1,527.9 |
1,410.2 |
1,636.5 |
1,340.1 |
|
|
|
|
|
|
|
|
Long Term Borrowings |
628.8 |
840.2 |
1,106.9 |
986.0 |
1,068.7 |
|
Corporate Bonds Payable |
821.6 |
717.7 |
760.5 |
674.6 |
862.4 |
|
Fncl. Liab. - Fair Value, Non-Current |
0.6 |
2.0 |
3.4 |
0.0 |
0.3 |
|
Total Long Term Debt |
1,451.0 |
1,559.9 |
1,870.8 |
1,660.6 |
1,931.4 |
|
|
|
|
|
|
|
|
Financial Derivatives - Hedging |
- |
- |
- |
2.1 |
10.8 |
|
Accrued Pension Liabilities |
252.6 |
216.0 |
194.6 |
191.4 |
181.8 |
|
Deferred Income Tax Liabilities |
61.7 |
- |
- |
- |
- |
|
Other Long Term Liabilities |
14.2 |
4.5 |
4.2 |
3.2 |
4.7 |
|
Total Liabilities |
3,239.9 |
3,308.3 |
3,479.8 |
3,493.8 |
3,468.8 |
|
|
|
|
|
|
|
|
Common Stock |
2,099.3 |
1,913.7 |
1,743.1 |
1,763.7 |
1,755.6 |
|
Share Premium |
278.8 |
254.2 |
247.7 |
250.7 |
249.5 |
|
Capital Surplus, Other |
161.1 |
146.4 |
142.7 |
144.4 |
113.9 |
|
Legal Reserve |
1,086.4 |
904.2 |
821.2 |
683.5 |
585.5 |
|
Special Reserve |
887.0 |
864.5 |
1,022.1 |
1,074.2 |
683.6 |
|
Retained Earnings |
2,319.9 |
1,486.3 |
926.0 |
1,623.5 |
1,407.2 |
|
Unrealized Gain on FA Revaluation |
6.2 |
5.6 |
5.5 |
5.6 |
5.5 |
|
Unrealized Gain on Financial Products |
2,105.9 |
1,364.1 |
455.5 |
2,051.8 |
1,040.9 |
|
Cumulative Translation Adjustment |
1.7 |
105.8 |
127.3 |
88.8 |
67.3 |
|
Total Equity |
8,946.3 |
7,044.9 |
5,491.0 |
7,686.3 |
5,909.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
12,186.2 |
10,353.2 |
8,970.8 |
11,180.1 |
9,377.9 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Total Common Shares Outstanding |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Full-Time Employees |
5,570 |
5,519 |
5,562 |
5,463 |
5,421 |
|
Shareholdere Number |
239,663 |
289,185 |
302,952 |
254,174 |
265,459 |
|
LT Borrowing within 1 Year |
51.4 |
92.1 |
- |
- |
- |
|
LT Borrowing within 2 Years |
35.5 |
296.9 |
- |
- |
- |
|
LT Borrowing within 3 Years |
488.1 |
282.5 |
- |
- |
- |
|
LT Borrowing within 4 Years |
19.9 |
22.8 |
- |
- |
- |
|
LT Borrowing within 5 Years |
9.9 |
18.1 |
- |
- |
- |
|
LT Borrowing in Remaining Years |
- |
9.1 |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
604.8 |
721.5 |
- |
- |
- |
|
Benefit Obligation |
304.7 |
254.5 |
254.1 |
251.8 |
246.1 |
|
Fair Value of Plan Assets |
8.1 |
7.4 |
8.6 |
9.3 |
6.8 |
|
Funded Status |
-296.6 |
-247.1 |
-245.5 |
-242.4 |
-239.3 |
|
Accumulated Benefit Obligation |
232.4 |
191.6 |
189.1 |
200.7 |
188.6 |
|
Total Funded Status |
-296.6 |
-247.1 |
-245.5 |
-242.4 |
-239.3 |
|
Discount Rate |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Rate of Compensation Increase |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Expected Rate of Return on Plan Assets |
3.00% |
3.00% |
3.00% |
3.00% |
3.00% |
|
Deferred Pension Cost |
- |
- |
- |
10.8 |
10.9 |
|
Accrued Pension Liabilities |
-252.6 |
-216.0 |
-194.6 |
-191.4 |
-181.8 |
|
Net Assets Recognized on Balance Sheet |
-252.6 |
-216.0 |
-194.6 |
-180.5 |
-170.9 |
Interim
Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate |
28.7235 |
29.4065 |
29.1565 |
31.2415 |
32.1315 |
|
|
|
|
|
|
|
|
Cash and Cash Equivalent |
455.2 |
341.6 |
445.1 |
199.5 |
690.8 |
|
Notes Receivable |
25.7 |
27.0 |
28.8 |
17.7 |
23.2 |
|
Accounts Receivable, Gross |
267.6 |
338.0 |
292.2 |
268.3 |
271.1 |
|
Provision for Doubtful Accounts |
-0.2 |
-0.2 |
-7.8 |
-7.3 |
-8.1 |
|
Accounts Receivable, Related Parties |
152.9 |
184.7 |
123.9 |
135.1 |
152.3 |
|
Other Reveivables |
42.7 |
38.0 |
37.6 |
23.2 |
27.6 |
|
Other Receivables, Related Parties |
1,133.7 |
898.9 |
530.5 |
377.8 |
101.8 |
|
Finished Goods |
444.5 |
383.6 |
333.9 |
253.4 |
380.8 |
|
Half Finished Products |
69.1 |
84.0 |
73.1 |
61.0 |
72.4 |
|
Raw Materials |
104.5 |
146.4 |
118.1 |
98.1 |
111.7 |
|
Supplies |
26.1 |
56.9 |
27.9 |
63.5 |
26.2 |
|
Work-in-Process Parts |
18.3 |
20.4 |
22.0 |
21.1 |
21.5 |
|
Inventory in Transit |
14.1 |
4.1 |
25.2 |
4.0 |
3.7 |
|
Other Inventory |
0.2 |
0.4 |
0.9 |
0.0 |
0.0 |
|
Unrealized Valuation Difference |
-5.4 |
-3.5 |
-3.9 |
-4.9 |
-6.4 |
|
Prepayment & Other Current Assets |
120.4 |
111.0 |
101.7 |
114.1 |
95.3 |
|
Assets for Sale,Non-current |
6.2 |
6.0 |
- |
- |
- |
|
Deferred Income Tax Assets, Current |
17.6 |
31.4 |
51.1 |
38.6 |
35.9 |
|
Financial Assets at Fair Value |
0.0 |
- |
0.4 |
1.4 |
2.0 |
|
Financial Asset for Sale, Current |
2,805.4 |
3,052.2 |
2,620.0 |
2,190.1 |
1,722.9 |
|
Total Current Assets |
5,698.7 |
5,720.8 |
4,820.6 |
3,854.6 |
3,724.9 |
|
|
|
|
|
|
|
|
Long Term Equity Investment |
4,451.0 |
4,264.7 |
4,017.0 |
3,588.3 |
3,636.1 |
|
Non-Current Financial Asset, Cost Method |
150.3 |
146.8 |
148.0 |
138.2 |
134.3 |
|
Financial Assets - Fair Value, Non-Curr. |
0.0 |
- |
0.2 |
0.7 |
2.0 |
|
Land |
233.1 |
227.7 |
229.8 |
214.5 |
208.6 |
|
Buildings and Structures |
842.0 |
817.5 |
835.6 |
785.5 |
766.0 |
|
Machinery and Equipment |
4,872.5 |
4,726.1 |
4,730.7 |
4,443.1 |
4,330.4 |
|
Other Equipment |
174.9 |
169.3 |
167.9 |
157.6 |
152.2 |
|
Revaluation Increments |
16.4 |
16.1 |
16.3 |
15.2 |
14.9 |
|
Accumulated Depreciation |
-3,568.5 |
-3,391.8 |
-3,340.2 |
-3,044.1 |
-2,882.3 |
|
Construction in Progress |
236.5 |
246.4 |
252.4 |
251.0 |
248.7 |
|
Prepay. for Land&Construction Equipment |
3.9 |
4.3 |
5.6 |
3.6 |
3.5 |
|
Goodwill |
4.3 |
4.2 |
4.3 |
4.0 |
3.9 |
|
Technology Cooperation |
21.9 |
22.7 |
24.4 |
25.2 |
26.5 |
|
Land Use Right |
18.5 |
18.4 |
18.2 |
17.8 |
17.8 |
|
Other Intangible Asset |
10.7 |
13.3 |
16.3 |
17.9 |
20.0 |
|
Idle Assets&Rental Assets |
- |
7.1 |
- |
8.4 |
- |
|
Idle Assets |
7.3 |
- |
7.2 |
- |
8.2 |
|
Security Deposits Paid |
2.7 |
46.8 |
2.5 |
2.8 |
3.0 |
|
Deferred Charges |
49.5 |
40.3 |
32.1 |
25.1 |
24.5 |
|
Deferred Income Tax Assets, Non-Current |
0.0 |
- |
0.0 |
0.0 |
8.6 |
|
Other Assets - Other |
199.4 |
179.2 |
197.2 |
159.1 |
166.0 |
|
Total Assets |
13,425.2 |
13,280.2 |
12,186.2 |
10,668.5 |
10,617.6 |
|
|
|
|
|
|
|
|
ST Borrowings |
468.0 |
404.1 |
254.2 |
247.8 |
276.2 |
|
Employee Borrowings |
5.1 |
4.7 |
4.5 |
3.4 |
2.8 |
|
Short Term Notes & Bills Payable |
- |
- |
- |
0.0 |
0.0 |
|
Fin. Liabilities-FV through P/L, Current |
0.7 |
1.2 |
1.1 |
1.1 |
0.3 |
|
Accounts Payable |
127.8 |
47.9 |
105.6 |
56.7 |
93.7 |
|
Accounts Payable, Related Parties |
283.2 |
405.7 |
409.4 |
240.1 |
297.2 |
|
Accrued Expenses |
167.0 |
229.8 |
163.8 |
185.8 |
134.6 |
|
Other Payable, Related Parties |
15.2 |
17.2 |
8.0 |
10.8 |
13.5 |
|
Other Payable |
1,506.2 |
128.2 |
94.6 |
92.5 |
813.1 |
|
Current Portion of Long Term Debt |
137.1 |
143.4 |
158.9 |
232.7 |
176.9 |
|
Current Portion of Corporate Bonds |
278.5 |
170.0 |
171.5 |
160.0 |
155.6 |
|
Other Current Liabilities |
74.7 |
78.7 |
88.8 |
65.3 |
64.1 |
|
Total Current Liabilities |
3,063.6 |
1,630.9 |
1,460.4 |
1,296.3 |
2,027.9 |
|
|
|
|
|
|
|
|
Long Term Borrowings |
572.0 |
588.3 |
628.8 |
573.1 |
732.4 |
|
Corporate Bonds Payable |
729.9 |
814.8 |
821.6 |
766.6 |
900.9 |
|
Fncl. Liab. - Fair Value, Non-Current |
0.5 |
- |
0.6 |
0.7 |
1.9 |
|
Total Long Term Debt |
1,302.4 |
1,403.1 |
1,451.0 |
1,340.4 |
1,635.2 |
|
|
|
|
|
|
|
|
Accrued Pension Liabilities |
260.5 |
252.8 |
252.6 |
232.5 |
222.2 |
|
Deferred Income Tax Liabilities |
97.6 |
78.0 |
61.7 |
18.7 |
- |
|
Other Long Term Liabilities |
13.1 |
16.0 |
14.2 |
12.7 |
4.3 |
|
Total Liabilities |
4,737.1 |
3,380.8 |
3,239.9 |
2,900.5 |
3,889.5 |
|
|
|
|
|
|
|
|
Common Stock |
2,131.0 |
2,081.5 |
2,099.3 |
1,959.2 |
1,905.0 |
|
Provision for Cash Capital |
- |
- |
- |
- |
0.0 |
|
Share Premium |
283.0 |
276.5 |
278.8 |
260.2 |
253.0 |
|
Capital Surplus, Other |
163.6 |
159.7 |
161.1 |
150.1 |
145.8 |
|
Legal Reserve |
1,261.3 |
1,077.1 |
1,086.4 |
1,013.9 |
985.8 |
|
Special Reserve |
859.1 |
879.5 |
887.0 |
827.8 |
804.9 |
|
Retained Earnings |
1,698.8 |
2,814.4 |
2,319.9 |
1,768.7 |
1,309.5 |
|
Unrealized G/L on Financial Products |
2,281.5 |
2,580.4 |
2,105.9 |
1,688.1 |
1,197.8 |
|
Unrealized Revaluation Increment |
6.3 |
6.1 |
6.2 |
5.8 |
5.6 |
|
Cumulative Translation Adjustment |
3.4 |
24.2 |
1.7 |
94.2 |
120.7 |
|
Total Equity |
8,688.1 |
9,899.4 |
8,946.3 |
7,768.0 |
6,728.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
13,425.2 |
13,280.2 |
12,186.2 |
10,668.5 |
10,617.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
Total Common Shares Outstanding |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
6,120.9 |
|
T/S-Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Full-Time Employees |
- |
5,579 |
5,570 |
5,511 |
5,494 |
|
LT Borrowing within 1 Year |
- |
50.8 |
51.4 |
125.0 |
69.2 |
|
LT Borrowing within 2 Years |
- |
35.2 |
35.5 |
296.5 |
428.4 |
|
LT Borrowing within 3 Years |
- |
478.8 |
488.1 |
147.5 |
138.7 |
|
LT Borrowing within 4 Years |
- |
- |
19.9 |
18.6 |
18.1 |
|
LT Borrowing within 5 Years |
- |
19.7 |
9.9 |
18.6 |
18.1 |
|
LT Borrowing in Remaining Years |
- |
9.9 |
- |
- |
- |
|
Total Long Term Debt, Supplemental |
- |
594.3 |
604.8 |
606.2 |
672.4 |
|
Accrued Pension Liabilities |
-260.5 |
-252.8 |
-252.6 |
-232.5 |
-222.2 |
|
Net Assets Recognized on Balance Sheet |
-260.5 |
-252.8 |
-252.6 |
-232.5 |
-222.2 |
Annual
Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
31.497037 |
33.023867 |
31.543497 |
32.848802 |
32.525305 |
|
Auditor |
KPMG Peat
Marwick LLP |
KPMG Peat
Marwick 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 |
1,446.1 |
833.7 |
624.8 |
1,455.5 |
949.7 |
|
Depreciation |
350.8 |
364.8 |
354.7 |
305.4 |
273.8 |
|
Amortization |
30.7 |
28.4 |
22.5 |
14.2 |
10.3 |
|
Unrealized Loss on Foreign Exchange |
6.0 |
0.4 |
-5.7 |
-0.6 |
-1.3 |
|
Provision for Doubtful Accounts |
0.3 |
2.1 |
- |
- |
- |
|
Amortization of Corporate Bonds Payable |
0.5 |
0.4 |
0.2 |
0.2 |
- |
|
Inventory Devaluation & Obsolescence |
-3.4 |
-63.2 |
- |
- |
- |
|
Equity Investment Gain/Loss |
-579.6 |
-472.8 |
-172.4 |
-767.7 |
-534.3 |
|
Cash Dividends from Equity Subsidiaries |
404.7 |
120.9 |
650.6 |
431.7 |
398.8 |
|
Gain/Loss on Disposal of Properties |
-6.9 |
3.4 |
-1.6 |
-6.0 |
-7.7 |
|
Other Expenses-Construction in Progress |
0.0 |
0.1 |
0.0 |
0.0 |
- |
|
GL on Disposal of Idle & Rental Assets |
-1.4 |
0.0 |
- |
- |
- |
|
Disposal of Other Assets-Land |
0.0 |
-1.2 |
0.0 |
- |
- |
|
Gain/Loss on Disposal of Land Use Right |
-0.4 |
0.0 |
- |
- |
- |
|
G/L on Sale of Investments |
0.0 |
-4.6 |
-4.2 |
0.0 |
- |
|
Impairment on Financial Assets |
0.0 |
0.2 |
- |
- |
- |
|
Amort. of Provisions |
- |
- |
74.4 |
-9.8 |
12.5 |
|
Deferred Tax |
103.9 |
42.2 |
-89.4 |
43.9 |
-96.6 |
|
Unrealized Gain on Fin. Assets - Cost |
- |
- |
- |
1.0 |
0.0 |
|
Impairment-Fin. Assets for Sale |
- |
- |
0.0 |
- |
- |
|
Impairment-Fin. Assets-Cost |
- |
- |
0.0 |
0.6 |
0.0 |
|
Gain on Sale of Fin. Asset-Held for Sale |
- |
- |
- |
0.0 |
-0.6 |
|
Gain on Sale of LT Invest., EEB Transfer |
- |
- |
- |
- |
-5.6 |
|
Sale of Fncl. Ast., Equity & Cost Method |
- |
- |
- |
-32.6 |
-1.1 |
|
Deferred Directors Renumeration Transfer |
-0.4 |
-1.8 |
-0.1 |
0.0 |
-0.2 |
|
Fin. Assets Revaluation at Fair Value |
- |
- |
- |
-5.5 |
4.8 |
|
Fin. A ssets&Liabilities at Fair Value |
2.6 |
2.1 |
2.1 |
- |
- |
|
Accounts & Notes Receivable |
- |
- |
212.2 |
-110.5 |
-35.4 |
|
Notes Receivable |
-15.1 |
2.3 |
- |
- |
- |
|
Accounts Receivable |
-46.4 |
-65.5 |
- |
- |
- |
|
Accounts Receivable-Related Parties |
17.3 |
-79.4 |
- |
- |
- |
|
Other Receivables |
-3.1 |
-9.6 |
17.2 |
-5.2 |
-2.6 |
|
Other Receivables-Related Parties |
1.5 |
-0.1 |
- |
- |
- |
|
Inventories |
-61.4 |
107.3 |
-124.6 |
-53.7 |
-101.6 |
|
Prepayment&Other Current Assets |
-21.7 |
45.9 |
-8.9 |
-24.8 |
7.7 |
|
Other Assets |
-15.5 |
-6.0 |
-18.5 |
- |
- |
|
Accounts & Notes Payable |
- |
- |
- |
- |
66.9 |
|
Accounts Payable |
-3.3 |
18.3 |
-277.4 |
135.1 |
- |
|
Accounts Payable,Related Parties |
33.2 |
198.7 |
- |
- |
- |
|
Accrued Expenses |
18.9 |
14.3 |
-17.7 |
15.6 |
1.4 |
|
Other Payables |
46.3 |
1.4 |
- |
- |
- |
|
Other Payables,Related Parties |
-2.5 |
-0.6 |
- |
- |
- |
|
Other Current Liabilities |
12.7 |
-1.5 |
- |
- |
- |
|
Other Payable & Current Liabilities |
- |
- |
2.4 |
-57.4 |
78.0 |
|
Accrued Pension Liabilities |
14.5 |
15.8 |
16.8 |
8.7 |
14.8 |
|
Unrealized Loss from Sales |
- |
- |
- |
- |
0.5 |
|
Corporate Bond Exchange Payable |
- |
- |
- |
- |
-0.5 |
|
Corporate Bond Conversion Cost Payable |
- |
- |
- |
- |
-0.1 |
|
Cash from Operating Activities |
1,728.9 |
1,096.5 |
1,257.5 |
1,337.9 |
1,031.6 |
|
|
|
|
|
|
|
|
Fin. Assets Decrease - Held for Sale |
- |
- |
- |
0.0 |
6.8 |
|
Purchase of Financial Assets for Sale |
-14.2 |
-23.1 |
0.0 |
-8.5 |
-12.2 |
|
Fin. Assets at Cost Net |
0.0 |
-57.5 |
5.6 |
- |
- |
|
Sale of LT Equity Investment |
0.0 |
1.6 |
0.0 |
9.3 |
2.6 |
|
Disposal of Fixed Assets |
7.1 |
2.1 |
2.1 |
18.5 |
9.3 |
|
Disposal of Idle Assets&Leased Assets |
3.1 |
0.0 |
- |
- |
- |
|
Sale of Other Assets-Land |
0.0 |
1.2 |
0.0 |
- |
- |
|
Capital Expenditure |
-81.2 |
-98.2 |
-250.7 |
-487.0 |
-573.7 |
|
LT/Equity Investment Increase |
-62.1 |
-2.8 |
-13.9 |
-1.1 |
-63.0 |
|
Security Deposit Paid |
0.6 |
-0.3 |
0.3 |
1.2 |
60.8 |
|
Deferred Charges |
-13.0 |
-5.8 |
-19.4 |
-0.7 |
-74.0 |
|
Sale of Deferred Charges |
- |
0.0 |
0.0 |
0.0 |
- |
|
Technology Increase |
0.0 |
-0.7 |
0.0 |
- |
- |
|
Sale of Land Use Right |
- |
- |
0.6 |
0.0 |
- |
|
Due from Related Parties |
-106.0 |
7.2 |
7.8 |
55.2 |
-217.8 |
|
Cap.Reduction of Fin. Assets-Cost Method |
0.0 |
3.1 |
0.0 |
4.4 |
6.2 |
|
Cap. Return of Fin. Assets-Cost Method |
0.0 |
1.9 |
0.0 |
0.1 |
0.0 |
|
Cash from Investing Activities |
-265.7 |
-171.4 |
-267.4 |
-408.6 |
-855.2 |
|
|
|
|
|
|
|
|
ST & Employee Borrowing, Net |
- |
- |
-129.5 |
232.3 |
128.7 |
|
Short Term Borrowings |
-90.6 |
23.4 |
- |
- |
- |
|
Employee Borrowings |
0.6 |
-59.6 |
- |
- |
- |
|
ST Notes, Net |
0.0 |
-109.0 |
114.1 |
0.0 |
- |
|
Issuance of Corporate Bonds |
190.0 |
181.2 |
- |
- |
- |
|
Repayment of Corporate Bonds |
-254.0 |
-269.5 |
- |
- |
- |
|
Long Term Borrowings, Net |
- |
- |
- |
-208.4 |
220.5 |
|
Long Term Borrowings |
174.6 |
15.1 |
- |
- |
- |
|
Repayment of LT Borrowings |
-507.4 |
-311.4 |
- |
- |
- |
|
Long Term Borrowings&Coporate Bonds |
- |
- |
655.5 |
- |
- |
|
Repay. of LT Borrowings&Corporate Bonds |
- |
- |
-305.9 |
- |
- |
|
Cash Dividend |
-786.2 |
-302.6 |
-1,214.4 |
-765.0 |
-707.1 |
|
Directors Remuneration&Employees Bonus |
- |
- |
-5.2 |
-5.3 |
-4.5 |
|
Other Liabilities |
0.4 |
0.2 |
1.1 |
0.0 |
-0.2 |
|
Accounts Payables-Related Parties |
-45.2 |
23.9 |
-21.3 |
-107.0 |
64.3 |
|
Cash from Financing Activities |
-1,317.8 |
-808.1 |
-905.7 |
-853.4 |
-298.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
7.0 |
6.4 |
-45.4 |
-31.9 |
0.0 |
|
Net Change in Cash |
152.4 |
123.4 |
39.0 |
44.0 |
-121.8 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
259.5 |
124.2 |
91.0 |
43.3 |
165.6 |
|
Net Cash - Ending Balance |
412.0 |
247.5 |
130.0 |
87.4 |
43.8 |
|
Cash Interest Paid |
42.5 |
64.4 |
63.8 |
68.5 |
53.3 |
|
Cash Taxes Paid |
48.2 |
21.2 |
34.2 |
77.0 |
1.0 |
Interim
Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
TWD |
TWD |
TWD |
TWD |
TWD |
|
Exchange Rate
(Period Average) |
29.074238 |
29.305764 |
31.497037 |
31.886422 |
31.875049 |
|
|
|
|
|
|
|
|
Net Income |
899.4 |
516.0 |
1,446.1 |
1,040.1 |
627.0 |
|
Depreciation |
189.8 |
87.3 |
350.8 |
260.4 |
173.7 |
|
Amortization |
16.7 |
7.8 |
30.7 |
20.5 |
13.7 |
|
Unrealized G/L Foreign Exchange |
- |
1.1 |
6.0 |
- |
-2.5 |
|
Provision for Doubtful Accounts |
-7.8 |
-7.7 |
0.3 |
0.3 |
- |
|
Amortization of Corporate Bonds |
0.3 |
0.2 |
0.5 |
0.4 |
-0.3 |
|
Inventory Devaluation & Obsolescence |
-0.5 |
-8.9 |
-3.4 |
-2.5 |
- |
|
Loss on Fin. Assets&Liab. Valuation |
- |
0.0 |
- |
- |
- |
|
Equity Investment Gain/Loss |
-381.7 |
-227.9 |
-579.6 |
-404.0 |
-284.9 |
|
Cash Dividend from Equity Investment |
60.4 |
- |
404.7 |
399.8 |
65.5 |
|
Other Expenses-Construction in Progress |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Net Gain/Loss on Disposal of Properties |
-0.2 |
0.0 |
-6.9 |
-6.5 |
-6.5 |
|
Gain/Loss on Disposal of Land Use Right |
- |
- |
-0.4 |
- |
- |
|
GL on Disposal of Idle & Rental Assets |
-2.2 |
- |
-1.4 |
- |
- |
|
Disposal of Other Assets-Land |
- |
- |
0.0 |
- |
0.0 |
|
Gain on Sale of Investments |
- |
- |
- |
- |
0.0 |
|
Impairment of Fin. Assets for Sale |
- |
- |
- |
- |
0.0 |
|
Impairment on Financial Assets |
0.0 |
- |
0.0 |
0.0 |
- |
|
Unreal. Foreign Exchange Loss, Net |
0.4 |
- |
- |
3.7 |
- |
|
Provison for Reserves |
- |
- |
- |
- |
6.5 |
|
Deferred Tax |
68.4 |
36.2 |
103.9 |
73.4 |
48.0 |
|
Impairment-Fin. Assets-Cost |
- |
- |
- |
- |
0.0 |
|
Deferred Directors Renumeration Transfer |
-0.4 |
- |
-0.4 |
-0.4 |
-0.4 |
|
Fin. Assets&Liabilities at Fair Value |
0.0 |
- |
2.6 |
1.2 |
-0.3 |
|
G/L on Sale of Investments |
- |
- |
0.0 |
- |
- |
|
Accounts & Notes Receivable |
- |
- |
- |
- |
-75.4 |
|
Notes Receivable |
3.6 |
1.8 |
-15.1 |
-6.0 |
- |
|
Accounts Receivable |
28.1 |
-48.2 |
-46.4 |
-37.3 |
- |
|
Accounts Receivable-Related Parties |
-26.8 |
-62.0 |
17.3 |
-1.9 |
- |
|
Other Receivable |
-4.5 |
-0.7 |
-3.1 |
8.5 |
5.6 |
|
Other Receivables-Related Parties |
0.6 |
0.6 |
1.5 |
2.1 |
- |
|
Inventories |
-62.2 |
-89.8 |
-61.4 |
-5.5 |
-147.7 |
|
Prepayment & Other Current Assets |
-17.6 |
-10.2 |
-21.7 |
-44.5 |
-28.7 |
|
Other Assets-Others |
0.7 |
16.3 |
-15.5 |
9.1 |
-2.2 |
|
Accounts Payable |
20.3 |
-57.1 |
-3.3 |
-44.2 |
-47.5 |
|
Accounts Payable,Related Parties |
-130.8 |
-0.2 |
33.2 |
-106.3 |
- |
|
Accrued Expenses |
0.7 |
67.7 |
18.9 |
50.9 |
4.5 |
|
Other Payable & Current Liabilities |
- |
- |
- |
- |
-1.6 |
|
Other Payables |
-37.9 |
34.6 |
46.3 |
18.8 |
- |
|
Other Payables,Related Parties |
7.0 |
-0.2 |
-2.5 |
0.8 |
- |
|
Other Current Liabilities |
-15.2 |
-9.4 |
12.7 |
-4.6 |
- |
|
Accrued Pension Liabilities |
4.0 |
2.4 |
14.5 |
11.2 |
7.2 |
|
Cash from Operating Activities |
612.7 |
249.8 |
1,728.9 |
1,237.5 |
353.7 |
|
|
|
|
|
|
|
|
Financial Assets for Sale Increase |
0.0 |
- |
-14.2 |
0.0 |
0.0 |
|
Disposal of Fixed Assets |
0.4 |
0.0 |
7.1 |
6.6 |
6.6 |
|
Disposal of Idle Assets&Leased Assets |
2.2 |
- |
3.1 |
- |
- |
|
Disposal of Other Assets-Land |
- |
- |
0.0 |
- |
0.0 |
|
Capital Expenditure |
-57.7 |
-20.4 |
-81.2 |
-57.1 |
-44.8 |
|
Equity Investments Increase |
-58.0 |
-10.4 |
-62.1 |
-59.7 |
-11.8 |
|
Financial Assets-Cost Method Increase |
- |
- |
0.0 |
- |
0.0 |
|
Security Deposit Paid |
-0.2 |
-44.5 |
0.6 |
0.1 |
-0.1 |
|
Deferred Charges |
-24.3 |
-11.4 |
-13.0 |
-2.5 |
-0.2 |
|
Technology Cooperation Increase |
- |
- |
0.0 |
- |
0.0 |
|
Other Receivables - Related Parties |
-588.6 |
-374.7 |
-106.0 |
1.4 |
268.7 |
|
Cap. Return of Fin. Assets-Cost Method |
- |
- |
0.0 |
0.0 |
0.0 |
|
Cap.Reduction of Fin. Assets-Cost Method |
- |
- |
0.0 |
0.0 |
0.0 |
|
Equity Investment Decrease |
- |
- |
0.0 |
0.0 |
- |
|
Cash from Investing Activities |
-726.2 |
-461.4 |
-265.7 |
-111.2 |
218.3 |
|
|
|
|
|
|
|
|
ST & Employee Borrowings, Net |
0.6 |
- |
- |
- |
-44.9 |
|
Short Term Borrowings |
207.7 |
152.9 |
-90.6 |
-79.3 |
- |
|
ST Notes, Net |
- |
- |
0.0 |
- |
0.0 |
|
Employee Borrowings |
- |
0.3 |
0.6 |
-0.2 |
- |
|
Long Term Borrowings Increase |
0.0 |
- |
174.6 |
197.6 |
- |
|
Repayment of Long Term Borrowings |
-89.3 |
-49.9 |
-507.4 |
-460.2 |
- |
|
Issuance of Corporate Bonds |
0.0 |
- |
190.0 |
187.7 |
- |
|
Repayment of Corporate Bonds |
0.0 |
- |
-254.0 |
-250.9 |
- |
|
Cash Dividend |
-0.1 |
-0.1 |
-786.2 |
-745.6 |
-0.1 |
|
Repay. of LT Borrowings&Corporate Bonds |
- |
- |
- |
- |
-340.1 |
|
Corporate Bonds Payable Increase |
- |
- |
- |
- |
298.0 |
|
Other Liabilities |
-0.1 |
2.6 |
0.4 |
7.9 |
-0.2 |
|
Accounts Payables-Related Parties |
0.0 |
9.6 |
-45.2 |
-44.7 |
-41.2 |
|
Cash from Financing Activities |
118.8 |
115.5 |
-1,317.8 |
-1,187.7 |
-128.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-2.0 |
-3.8 |
7.0 |
0.5 |
-3.7 |
|
Net Change in Cash |
3.4 |
-100.0 |
152.4 |
-61.0 |
439.9 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
446.3 |
442.8 |
259.5 |
256.4 |
256.5 |
|
Net Cash - Ending Balance |
449.7 |
342.8 |
412.0 |
195.4 |
696.3 |
|
Cash Interest Paid |
22.1 |
4.6 |
42.5 |
42.7 |
32.2 |
|
Cash Taxes Paid |
92.0 |
6.4 |
48.2 |
33.5 |
30.4 |
Geographic
Segments
Financials in: As Reported (mil)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business
Segments
Financials in: As Reported (mil)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business
Segments
Financials in: As Reported (mil)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.92 |
|
UK Pound |
1 |
Rs.77.31 |
|
Euro |
1 |
Rs.64.12 |
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.