MIRA INFORM REPORT

Report Date :

13.06.2012

IDENTIFICATION DETAILS

Name :	DARFON ELECTRONICS CORP
Registered Office :	No. 167-1 Shan-Ying Road, Neighborhood 20 Shanding Village Gueishan, 333
Country :	Taiwan
Financials (as on) :	31.12.2011
Date of Incorporation :	08.05.1997
Legal Form :	Public Subsidiary
Line of Business :	Manufacture of electronic valves and tubes and other electronic components
No. of Employees :	19,855

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Taiwan	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

Top of Form

Bottom of Form

Darfon Electronics Corp

No. 167-1
Shan-Ying Road, Neighborhood 20
Shanding Village
Gueishan, 333
Taiwan
Tel:	886-3-2508800
Fax:	886-3-3592291
www.darfon.com.tw

Employees:

19,855

Company Type:

Public Subsidiary

Corporate Family:

93 Companies

Ultimate Parent:

Acer Incorporated

Traded:

Taiwan Stock Exchange:

8163

Incorporation Date:

08-May-1997

Auditor:

KPMG LLP

Financials in:	USD (mil)
Fiscal Year End:	31-Dec-2011
Reporting Currency:	Taiwanese New Dollar
Annual Sales:	931.5 ^1
Net Income:	5.5
Total Assets:	677.7 ^2
Market Value:	219.4
	(01-Jun-2012)

Business Description

Darfon Electronics Corp is principally engaged in the research, development, manufacture and distribution of components and parts of computer peripheral products and communication devices. The Company provides power supply components, including surface mounting inducers, surface mounting transformers, backlight converters and power supplies, which are applied in liquid crystal display (LCD) monitors; peripheral components, including computer input components personal digital assistant (PDA) keypads, smart phone keypads, optical/laser mouse and wireless keyboards, among others, as well as integrated components and materials, including multi-layer ceramic capacitors (MLCCs), high frequency inducers, wireless communication modules, notebook computer casings and materials, among others. For the nine months ended 30 September 2010, Darfon Electronics Corp's total revenues increased 8% to NT$22.96B. Net income for the period increased 5% to NT$590.6M. Revenues reflect increased sales of the Company's products due to stronger market demand. Net income for the period was partially offset by decreased interest income, decreased foreign exchange gains as well as increased miscellaneous disbursements.

Industry

Industry	Electronic Instruments and Controls
ANZSIC 2006:	2429 - Other Electronic Equipment Manufacturing
NACE 2002:	3210 - Manufacture of electronic valves and tubes and other electronic components
NAICS 2002:	334419 - Other Electronic Component Manufacturing
UK SIC 2003:	3210 - Manufacture of electronic valves and tubes and other electronic components
US SIC 1987:	3679 - Electronic Components, Not Elsewhere Classified

Key Executives

Name	Title
Minghuang Jiang	Deputy General Manager
Andy Su	President and General Manager
Fangshu Guo	Co-Assistant General Manager-Operations
Xihua Li	Chairman of the Board
Kaijian Su	General Manager, Director

Significant Developments

Topic	#*	Most Recent Headline	Date
Dividends	1	Darfon Electronics Corp. Announces FY 2011 Dividend Payment	27-Apr-2012

* number of significant developments within the last 12 months

News

Title	Date
Research and Markets: Ceramic Capacitors: a Global Strategic Business Report Business Wire (314 Words)	9-Feb-2012

Financial Summary

As of 31-Mar-2012

Key Ratios	Company	Industry
Current Ratio (MRQ)	1.16	2.64
Quick Ratio (MRQ)	0.78	2.06
Debt to Equity (MRQ)	0.32	0.22
Sales 5 Year Growth	11.50	4.79
Net Profit Margin (TTM) %	0.63	-4.26
Return on Assets (TTM) %	0.88	3.24
Return on Equity (TTM) %	1.98	9.16

Stock Snapshot

Traded: Taiwan Stock Exchange: 8163

As of 1-Jun-2012

   Financials in: TWD

Recent Price	20.55	EPS	0.53
52 Week High	36.20	Price/Sales	0.24
52 Week Low	13.30	Dividend Rate	1.50
Avg. Volume (mil)	1.66	Price/Earnings	40.40
Market Value (mil)	6,553.44	Price/Book	0.74
		Beta	1.44

	Price % Change	Rel S&P 500%
4 Week	-1.44%	6.81%
13 Week	-19.41%	-7.64%
52 Week	-37.73%	-21.21%
Year to Date	30.06%	29.44%

1 - Profit & Loss Item Exchange Rate: USD 1 = TWD 29.39004
2 - Balance Sheet Item Exchange Rate: USD 1 = TWD 30.279

Corporate Overview

Location
No. 167-1
Shan-Ying Road, Neighborhood 20
Shanding Village
Gueishan, 333
Taiwan

Tel:	886-3-2508800
Fax:	886-3-3592291

www.darfon.com.tw

Quote Symbol - Exchange
8163 - Taiwan Stock Exchange
Sales TWD(mil):	27,375.6
Assets TWD(mil):	20,518.9
Employees:	19,855
Fiscal Year End:	31-Dec-2011

Industry:	Electronic Instruments and Controls

Incorporation Date:	08-May-1997
Company Type:	Public Subsidiary
Quoted Status:	Quoted

Chairman of the Board:	Xihua Li

Company Web Links

Investor Relations

News Releases

Products/Services

Company Contact/E-mail

Corporate History/Profile

Financial Information

Home Page

Contents Industry Codes Business Description Financial Data Market Data

Subsidiaries Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
2421	-	Computer and Electronic Office Equipment Manufacturing
2429	-	Other Electronic Equipment Manufacturing

NACE 2002 Codes:
3002	-	Manufacture of computers and other information processing equipment
3210	-	Manufacture of electronic valves and tubes and other electronic components

NAICS 2002 Codes:
334119	-	Other Computer Peripheral Equipment Manufacturing
334419	-	Other Electronic Component Manufacturing

US SIC 1987:
3577	-	Computer Peripheral Equipment, Not Elsewhere Classified
3679	-	Electronic Components, Not Elsewhere Classified

UK SIC 2003:
3002	-	Manufacture of computers and other information processing equipment
3210	-	Manufacture of electronic valves and tubes and other electronic components

Business Description

Darfon Electronics Corp is principally engaged in the research, development, manufacture and distribution of components and parts of computer peripheral products and communication devices. The Company provides power supply components, including surface mounting inducers, surface mounting transformers, backlight converters and power supplies, which are applied in liquid crystal display (LCD) monitors; peripheral components, including computer input components personal digital assistant (PDA) keypads, smart phone keypads, optical/laser mouse and wireless keyboards, among others, as well as integrated components and materials, including multi-layer ceramic capacitors (MLCCs), high frequency inducers, wireless communication modules, notebook computer casings and materials, among others. For the nine months ended 30 September 2010, Darfon Electronics Corp's total revenues increased 8% to NT$22.96B. Net income for the period increased 5% to NT$590.6M. Revenues reflect increased sales of the Company's products due to stronger market demand. Net income for the period was partially offset by decreased interest income, decreased foreign exchange gains as well as increased miscellaneous disbursements.

More Business Descriptions

Manufacture of telecommunication components and precision devices

Mfr. & Design of Keyboards, Fly Back Transformers, Chip Transformers, Motors & Ceramic

Computers - CAD/CAM

Financial Data

Financials in:	TWD(mil)
Revenue:	27,375.6
Net Income:	161.1
Assets:	20,518.9
Long Term Debt:	1,103.1
Total Liabilities:	11,708.3
Working Capital:	1.5
Date of Financial Data:	31-Dec-2011

1 Year Growth

-7.7%

-73.3%

0.5%

Market Data

Quote Symbol:	8163
Exchange:	Taiwan Stock Exchange
Currency:	TWD
Stock Price:	20.6
Stock Price Date:	06-01-2012
52 Week Price Change %:	-37.7
Market Value (mil):	6,553,436.0
SEDOL:	B0VCF21
ISIN:	TW0008163007
Equity and Dept Distribution:
08/2006, 20% stock dividend. 06/2007, Complex capital change (Factor: 1.195167). 11/2007, Exchange changed from Gre Tai Security Market to Taiwan Stock Exchange. FY'01, employee number reflects parent company only. FY'06, B/S & C/F are being CLA. 8/2008, 10% stock dividend. FY'07 B/S & C/F CLA. FY'08 Q1 fncl. were being CLA.

Subsidiaries

Company	Percentage Owned	Country
DFS	100%	PEOPLE'S REPUBLIC OF CHINA
Darfon America Corp	100%	USA
DFBVI	100%	BRITISH VIRGIN ISLANDS
DFLB	100%	MALAYSIA
DPH	100%	BRITISH VIRGIN ISLANDS
DSO	100%	PEOPLE'S REPUBLIC OF CHINA
DFZ	100%	PEOPLE'S REPUBLIC OF CHINA
DFH	100%	PEOPLE'S REPUBLIC OF CHINA
Darfon Electronics Czech s.r.o.	100%	CZECH REPUBLIC
Darfon Precisions (Suzhou) Co., Ltd	100%	PEOPLE'S REPUBLIC OF CHINA
Darfon Korea Co Ltd	100%	SOUTH KOREA

Key Corporate Relationships

Auditor:	KPMG LLP
Auditor:	KPMG LLP, KPMG

Corporate Structure News

Darfon Electronics Corp
Total Corporate Family Members: 93

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Acer Incorporated	Parent	Taipei	Taiwan	Computer Hardware	16,173.6	7,964
Darfon Electronics Corp	Subsidiary	Gueishan	Taiwan	Electronic Instruments and Controls	931.5	19,855
Dt Microcircuits Corporation	Subsidiary	Tainan City	Taiwan	Semiconductors		100
Acer Information Products Group	Subsidiary	Hsien	Taiwan	Computer Networks		2,000
Gateway, Inc.	Subsidiary	Irvine, CA	United States	Computer Hardware	3,980.8	1,645
eMachines, Inc.	Subsidiary	Irvine, CA	United States	Computer Hardware		131
Gateway Inc	Branch	Columbia, MD	United States	Retail (Technology)	5.1	15
Gateway Inc	Branch	Barrington, IL	United States	Retail (Technology)	4.8	14
E Machines	Branch	Irvine, CA	United States	Communications Services	3.9	9
Gateway Inc	Branch	Arlington, MA	United States	Retail (Technology)	1.0	3
Gateway Inc	Branch	North Sioux City, SD	United States	Retail (Technology)	1.0	3
Gateway Inc	Branch	San Francisco, CA	United States	Retail (Technology)	1.0	3
Gateway Inc	Branch	Santa Maria, CA	United States	Schools	0.5	3
Gateway Inc	Branch	Paramus, NJ	United States	Schools	0.5	3
Gateway US Retail, Inc.	Subsidiary	Irvine, CA	United States	Computer Hardware
Gateway Manufacturing LLC	Subsidiary	Irvine, CA	United States	Computer Peripherals
Acer Internet Services Inc.	Subsidiary	Hsien	Taiwan	Computer Services		1,000
Acer Philippines Inc	Subsidiary	Makati City	Philippines	Computer Hardware	12.8	950
Acer Computec México, S.A. de C.V.	Subsidiary	México DF	Mexico	Computer Hardware	250.0	420
Acer Sales and Services Sdn Bhd	Subsidiary	Kuala Lumpur	Malaysia	Computer Hardware	465.3	400
Highpoint Service Network Sdn Bhd	Subsidiary	Kuala Lumpur	Malaysia	Computer Networks		170
Servex (M) Sdn Bhd	Subsidiary	Subang Jaya, Selangor	Malaysia	Computer Hardware	171.7	120
Acer Computer (Far East) Ltd	Subsidiary	Kowloon, Kowloon	Hong Kong	Miscellaneous Capital Goods	971.0	350
Acer Computer Australia Pty Ltd	Subsidiary	Homebush Bay, NSW	Australia	Computer Hardware	310.7	305
Acer Computer Australia	Subsidiary	Sydney, NSW	Australia	Computer Hardware	1.0
Acer Technologies Corp.	Subsidiary	Hsien	Taiwan	Computer Peripherals		300
Acer China	Subsidiary	Huang Pu District, Shanghai	China	Office Equipment	519.0	220
Weblink International, Inc.	Subsidiary	Taipei, ROC	Taiwan	Computer Networks		200
Packard Bell Deutschland GmbH	Subsidiary	Ahrensburg	Germany	Computer Hardware		200
Acer America Corporation	Subsidiary	San Jose, CA	United States	Computer Hardware	7,000.0	180
Acer America	Branch	Temple, TX	United States	Computer Hardware	140.5	120
ACER America Corp Canada	Subsidiary	Mississauga, ON	Canada	Computer Hardware		50
Acer America Corp.	Subsidiary	Mississauga, ON	Canada	Computer Hardware		50
Acer Computer Co., Ltd.	Subsidiary	Bangkok	Thailand	Computer Hardware	2.0	150
Acer Computer (Far East) Ltd.	Subsidiary	Kowloon	Hong Kong	Business Services	1.0	150
Acer Computer (Shanghai) Ltd.	Subsidiary	Shanghai	China	Computer Hardware		150
Acer Computer (Singapore) Pte Ltd	Subsidiary	Singapore	Singapore	Computer Hardware	149.3	148
Acer India (Pvt) Ltd	Subsidiary	Karnataka	India	Computer Hardware	305.0	110
Acer Asia Pacific Sdn Bhd	Subsidiary	Kuala Lumpur	Malaysia	Computer Hardware	1,927.0	100
Acer Indonesia, PT	Subsidiary	Jakarta	Indonesia	Office Equipment	194.0	100
Acer Computer International Ltd.	Subsidiary	Singapore, 609923	Singapore	Computer Hardware		100
Acer Computer (M.E.) Ltd.	Subsidiary	Dubai	United Arab Emirates	Computer Hardware	150.0	90
Acer Computer BV	Subsidiary	's-Hertogenbosch	Netherlands	Computer Hardware	412.7	80
Acer Finland Oy	Subsidiary	Helsinki	Finland	Software and Programming	6.4	21
Acer Africa Pty. Ltd.	Subsidiary	Sandton, Sunninghill	South Africa	Computer Hardware	30.0	80
Wistron Nexus Inc.	Subsidiary	Hsin-chu	Taiwan	Communications Equipment		80
Acer Computer Iberica Sa	Subsidiary	Gava, Barcelona	Spain	Electronic Instruments and Controls	734.8	70
Acer India (Pvt) Ltd.	Subsidiary	Bengaluru	India	Computer Hardware	85.0	70
PT Acer Indonesia	Subsidiary	Jakarta	Indonesia	Computer Hardware		70
Acer Computer France SASU	Subsidiary	Roissy Charles de Gaulle	France	Computer Hardware	827.4	56
Acer U.K. Ltd.	Subsidiary	West Drayton	United Kingdom	Computer Hardware	930.2	54
Acer Computer (Switzerland) AG	Subsidiary	Dietikon	Switzerland	Computer Hardware		40
Acer Computer Norway AS	Subsidiary	Tranby, Buskerud	Norway	Computer Hardware	26.0	35
Acer Computer Norway As	Subsidiary	Tranby	Norway	Computer Hardware	55.2	30
Acer Vietnam Co., Ltd.	Subsidiary	Ho Chi Minh City	Viet Nam	Computer Hardware	12.0	22
Acer Property Development, Inc.	Subsidiary	Taoyuan, Hsien	Taiwan	Real Estate Operations	1.0	22
Packard Bell (Uk) Ltd.	Subsidiary	Maidenhead	United Kingdom	Personal Services	4.2	16
Packard Bell Ltd	UK Branch/Trading address	Windsor	United Kingdom	Personal Services	4.2
Acer Sweden AB	Subsidiary	Bromma	Sweden	Computer Services	9.3	15
Acer Computer Sweden AB	Subsidiary	Bromma	Sweden	Computer Hardware		15
Acer CIS, Inc.	Subsidiary	Moscow	Russian Federation	Computer Hardware		12
Acer Computer New Zealand Ltd.	Subsidiary	Wellington	New Zealand	Computer Hardware	11.0	11
Acer Austria GmbH	Subsidiary	Brunn am Gebirge	Austria	Computer Services	1.0	11
Acer Denmark A/S	Subsidiary	Naerum	Denmark	Computer Hardware	0.0	11
Acer Technology, Inc.	Subsidiary	Hsien	Taiwan	Computer Peripherals		11
Acer Computer Finland Oy	Subsidiary	Helsinki	Finland	Computer Hardware		11
Acer Computer Czech and Slovak Republics	Subsidiary	Prague	Czech Republic	Computer Hardware		10
Acer Computer Handels GmbH	Subsidiary	Vienna	Austria	Computer Hardware		10
Acer Latin America, Inc.	Subsidiary	Miami, FL	United States	Computer Hardware		9
Acer Computer Magyarorszag	Subsidiary	Budapest	Hungary	Computer Services		6
Acer Computer Poland	Subsidiary	Warsaw	Poland	Computer Services		5
Acer Sertek Inc.	Subsidiary	Taipei	Taiwan	Retail (Technology)	1,750.0
Acer Europe B.V.	Subsidiary	's-Hertogenbosch, North Brabant	Netherlands	Miscellaneous Financial Services	9,283.2
ACER Computer GmbH	Subsidiary	Ahrensburg, Schleswig-Holstein	Germany	Computer Hardware	2,179.6	250
Acer Italy Srl	Subsidiary	Lainate, MI	Italy	Computer Hardware	1,176.4	245
Acer Europe Services S.R.L.	Subsidiary	Lainate, Milano	Italy	Software and Programming	20.1	86
Esplex Ltd.	Subsidiary	Plymouth	United Kingdom	Computer Services
E-Ten Information Systems Co., Ltd.	Subsidiary	Taipei City, Taipei	Taiwan	Computer Hardware	113.2
Acer Peru S.A.	Subsidiary	Lima	Peru	Computer Hardware
Acer Information Services International	Subsidiary	Heredia	Costa Rica	Computer Hardware
Acer do Brasil Limitada	Subsidiary	Barueri, SP	Brazil	Computer Hardware
Acer Hellas LTD	Subsidiary	Glyfada, Athens	Greece	Computer Hardware
Acer American Holding Corp.	Subsidiary	San Jose, CA	United States	Investment Services
Acer Cyber Center Services Ltd	Subsidiary	Taoyuan	Taiwan	Computer Services
Asplex Sp. z.o.o.	Subsidiary	Wroclaw	Poland	Electronic Instruments and Controls
Acer Europe SA	Subsidiary	Manno	Switzerland	Computer Hardware
Acer Japan Corporation	Subsidiary	Tokyo	Japan	Computer Hardware
Vision Tech Information Technology, Inc.	Subsidiary	Taipei	Taiwan	Computer Hardware
Acer Eastern Europe	Subsidiary	Ahrensburg	Germany	Office Equipment
Acer Czech Republic s.r.o.	Subsidiary	Prague	Czech Republic	Computer Services
Packard Bell Belgium BVBA	Subsidiary	Vilvoorde	Belgium	Computer Hardware
Gateway Europe B.V.	Subsidiary	Amsterdam	Netherlands	Retail (Technology)
AOpen Inc.	Subsidiary	Taipei	Taiwan	Computer Peripherals

Executives Report

Board of Directors

Name	Title	Function
Peter Chi Hong Chen	Chairman	Chairman
Sheaffer Lee	Chairman	Chairman
Xihua Li	Chairman of the Board	Chairman
Biography Li Xihua has been serving as Chairman of the Board in Darfon Electronics Corp since. Li also serves as Chairman of the Board in a technology company and Director in three companies.
Qihong Chen	Director	Director/Board Member
Biography Chen Qihong has been Director in Darfon Electronics Corp since March 8, 2001. Chen used to serve as Chairman of the Board in the Company. Chen also serves as General Manager in another company and Chairman of the Board in a medical instrument company. Chen holds an Executive Master of Business Administration (MBA) from National Chengchi University, Taiwan, and another Executive Master of Business Administration from Thunderbird University, the United States. Education: National Chengchi University, MBA Thunderbird University, M (International Business)
Jianzhi Chen	Deputy General Manager, Director	Director/Board Member
Biography Chen Jianzhi has been Deputy General Manager and Director in Darfon Electronics Corp. since March 29, 2000. Chen also serves as Chairman of the Board in an electronic company and Director in six other companies. Chen obtained a Ph.D from Eidgenossische Technische Hochschule Zurich, Switzerland. Education: Eidgenossische Technische Hochschule Zurich, PHD
Kunyao Li	Director	Director/Board Member
Biography Li Kunyao has been Director in Darfon Electronics Corp. Li also serves as Chairman of the Board in three other companies and Diretor in a technology company. Li holds a Master of Business Administration (MBA) from International Institute for Management Development, Switzerland. Age: 53 Education: International Institute for Management Development, MBA
Nengbai Lin	Independent Director	Director/Board Member
Biography Lin Nengbai has been Independent Director in Darfon Electronics Corp since May 11, 2006. Lin also serves as Independent Director in TECO Imafe Systems Co., Ltd. Lin is a Professor in National Taiwan University, Taiwan. Lin holds a Ph.D. from Ohio State University, the United States. Education: Ohio State University, PHD (Commerce)
Qingcai Pan	Independent Director	Director/Board Member
Biography Pan Qingcai has been Independent Director in Darfon Electronics Corp since June 10, 2009. Pan is also guest professor of National Tsing Hua University, Taiwan. Pan holds a Ph.D in Electrical Engineering from Texas Tech University, the United States. Education: Texas Tech University, PHD (Electrical Engineering)
Kaijian Su	General Manager, Director	Director/Board Member
Biography Su Kaijian has been General Manager and Director in Darfon Electronics Corp. since March 29, 2000. Su also serves as Chairman of the Board or Director in six other companies and Director in a Shenzhen-based company. Su obtained a Master of Business Administration (MBA) from National Chengchi University, Taiwan. Education: National Chengchi University, MBA
Yonghe Wang	Independent Director	Director/Board Member
Biography Wang Yonghe has been Independent Director in Darfon Electronics Corp since May 11, 2006. Wang is also a Professor in National Cheng Kung Univeristy, Taiwan, where Wang obtained his Ph.D. in Engineering. Wang is also Independent Director in ChipMOS Technologies Inc. Education: National Cheng Kung University, PHD (Engineering)

Executives

Name	Title	Function
Andy Su	President and General Manager	President
Fangshu Guo	Co-Assistant General Manager-Operations	Division Head Executive
Kaijian Su	General Manager, Director	Division Head Executive
Biography Su Kaijian has been General Manager and Director in Darfon Electronics Corp. since March 29, 2000. Su also serves as Chairman of the Board or Director in six other companies and Director in a Shenzhen-based company. Su obtained a Master of Business Administration (MBA) from National Chengchi University, Taiwan. Education: National Chengchi University, MBA
N. D. Su	Managing Director	Managing Director
Minghuang Jiang	Deputy General Manager	Other
Biography Jiang Minghuang has been Deputy General Manager in Darfon Electronics Corp since August 2009. Jiang is also General Manager in three Suzhou-based companies.
Xianzhang Lin	Deputy General Manager-Finance	Other
Binghong Lin	Deputy General Manager	Other
Biography Lin Binghong is Deputy General Manager in Darfon Electronics Corp. since March 2006. Lin is also Director in a Suzhou-based company.
Shuli Liu	Deputy General Manager	Other
Biography Liu Shuli has been Deputy General Manager in Darfon Electronics Corp since September 2005. Liu used to be Director of the Company. Liu also serves as Director in four other companies. Liu obtained a Ph.D from University of Utah, the United States. Education: University of Utah, PHD
Zhenxing Pan	Deputy General Manager	Other
Weizhi Wang	Deputy General Manager	Other
Xinxiong Wang	Deputy General Manager	Other
Biography Wang Xinxiong has been Deputy General Manager in Darfon Electronics Corp since March 2010. Wang holds a Master's degree in Electrical Engineering and a Ph.D in Electrical Engineering from National Tsing Hua University, Taiwan. Education: National Tsing Hua University, PHD (Electrical Engineering) National Tsing Hua University, M (Electrical Engineering)
Zejun Yuan	Deputy General Manager	Other

Significant Developments

Darfon Electronics Corp. Announces FY 2011 Dividend Payment

Apr 27, 2012

Darfon Electronics Corp. announced that it will pay a cash dividend of NTD 0.5 per share, or NTD 159,451,001 in total, to shareholders for fiscal year 2011.

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Reclassified Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Updated Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.39004	31.497037	33.023867	31.543497	32.848802
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Sales	931.5	941.8	888.8	862.7	750.2
Revenue	931.5	941.8	888.8	862.7	750.2
Total Revenue	931.5	941.8	888.8	862.7	750.2
Cost of Revenue	834.0	831.6	783.8	757.8	624.4
Cost of Revenue, Total	834.0	831.6	783.8	757.8	624.4
Gross Profit	97.4	110.2	105.0	104.9	125.8
Selling/General/Administrative Expense	58.6	57.7	48.6	50.3	47.2
Total Selling/General/Administrative Expenses	58.6	57.7	48.6	50.3	47.2
Research & Development	31.3	27.1	21.4	23.5	19.1
Impairment-Assets Held for Use	-	-	0.2	0.3	-
Unusual Expense (Income)	-	-	0.2	0.3	-
Total Operating Expense	923.9	916.5	854.0	831.9	690.7
Operating Income	7.6	25.3	34.8	30.8	59.5
Interest Expense - Non-Operating	-2.9	-3.0	-5.3	-9.4	-6.2
Interest Expense, Net Non-Operating	-2.9	-3.0	-5.3	-9.4	-6.2
Interest Income - Non-Operating	0.7	0.6	0.6	2.7	0.3
Investment Income - Non-Operating	0.8	0.5	1.3	2.6	4.0
Interest/Investment Income - Non-Operating	1.5	1.2	1.9	5.4	4.4
Interest Income (Expense) - Net Non-Operating Total	-1.4	-1.8	-3.3	-4.1	-1.8
Gain (Loss) on Sale of Assets	-0.5	-1.0	0.0	0.0	0.0
Other Non-Operating Income (Expense)	1.2	1.4	1.0	2.5	3.6
Other, Net	1.2	1.4	1.0	2.5	3.6
Income Before Tax	6.8	23.9	32.5	29.2	61.3
Total Income Tax	1.4	4.8	6.4	5.4	8.4
Income After Tax	5.4	19.1	26.1	23.8	52.9
Minority Interest	0.1	0.1	0.1	0.1	-0.4
Net Income Before Extraord Items	5.5	19.1	26.2	23.9	52.4
Net Income	5.5	19.1	26.2	23.9	52.4
Income Available to Common Excl Extraord Items	5.5	19.1	26.2	23.9	52.4
Income Available to Common Incl Extraord Items	5.5	19.1	26.2	23.9	52.4
Basic/Primary Weighted Average Shares	318.9	332.8	331.7	332.6	295.0
Basic EPS Excl Extraord Items	0.02	0.06	0.08	0.07	0.18
Basic/Primary EPS Incl Extraord Items	0.02	0.06	0.08	0.07	0.18
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	5.5	19.1	26.2	23.9	52.4
Diluted Weighted Average Shares	322.5	335.7	335.8	338.3	295.0
Diluted EPS Excl Extraord Items	0.02	0.06	0.08	0.07	0.18
Diluted EPS Incl Extraord Items	0.02	0.06	0.08	0.07	0.18
Dividends per Share - Common Stock Primary Issue	0.02	0.05	0.03	0.04	0.06
Gross Dividends - Common Stock	5.4	15.2	11.5	15.8	20.2
Interest Expense, Supplemental	2.9	3.0	5.3	9.4	6.2
Interest Capitalized, Supplemental	-	-	-0.1	-0.6	-6.4
Depreciation, Supplemental	35.2	36.1	37.5	32.2	23.5
Total Special Items	0.5	1.0	0.2	0.3	0.0
Normalized Income Before Tax	7.3	24.9	32.7	29.5	61.3
Effect of Special Items on Income Taxes	0.1	0.2	0.0	0.1	0.0
Inc Tax Ex Impact of Sp Items	1.5	5.0	6.5	5.5	8.4
Normalized Income After Tax	5.8	19.9	26.2	24.1	52.9
Normalized Inc. Avail to Com.	5.9	20.0	26.4	24.2	52.4
Basic Normalized EPS	0.02	0.06	0.08	0.07	0.18
Diluted Normalized EPS	0.02	0.06	0.08	0.07	0.18
Amort of Intangibles, Supplemental	6.7	4.3	4.2	4.2	2.2
Research & Development Exp, Supplemental	31.3	27.1	21.4	23.5	19.1
Normalized EBIT	7.6	25.3	35.0	31.1	59.5
Normalized EBITDA	49.5	65.7	76.7	67.5	85.2
Current Tax - Total	1.3	5.8	7.5	5.2	7.7
Current Tax - Total	1.3	5.8	7.5	5.2	7.7
Deferred Tax - Total	0.1	-1.0	-1.1	0.2	0.7
Deferred Tax - Total	0.1	-1.0	-1.1	0.2	0.7
Income Tax - Total	1.4	4.8	6.4	5.4	8.4
Interest Cost - Domestic	0.1	0.1	0.1	0.1	0.1
Service Cost - Domestic	0.0	0.0	0.0	0.0	0.1
Expected Return on Assets - Domestic	0.0	0.0	0.0	-0.1	-0.1
Actuarial Gains and Losses - Domestic	-	-	0.0	0.0	0.0
Transition Costs - Domestic	0.1	0.0	0.0	0.1	0.1
Domestic Pension Plan Expense	0.1	0.1	0.2	0.2	0.2
Defined Contribution Expense - Domestic	11.5	10.4	9.2	8.3	4.9
Total Pension Expense	11.7	10.5	9.4	8.5	5.1
Discount Rate - Domestic	2.00%	1.75%	2.25%	2.50%	2.75%
Expected Rate of Return - Domestic	2.00%	1.75%	2.25%	2.50%	2.75%
Compensation Rate - Domestic	2.00%	2.00%	2.00%	3.00%	3.00%
Total Plan Interest Cost	0.1	0.1	0.1	0.1	0.1
Total Plan Service Cost	0.0	0.0	0.0	0.0	0.1
Total Plan Expected Return	0.0	0.0	0.0	-0.1	-0.1

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Reclassified Normal 31-Dec-2008
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	30.279	29.1565	31.985	32.818	32.4345
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash & Equivalents	24.9	51.1	38.5	51.1	52.4
Short Term Investments	6.6	12.3	26.5	81.6	70.5
Cash and Short Term Investments	31.5	63.3	65.0	132.7	122.9
Accounts Receivable - Trade, Gross	218.4	194.7	227.3	196.3	204.0
Provision for Doubtful Accounts	-5.2	-1.6	-1.7	-1.6	-1.4
Trade Accounts Receivable - Net	214.3	194.4	234.6	203.2	220.1
Other Receivables	0.0	1.2	0.0	-	-
Total Receivables, Net	214.3	195.6	234.6	203.2	220.1
Inventories - Finished Goods	51.4	37.5	35.9	48.2	45.1
Inventories - Work In Progress	15.1	23.6	22.2	26.0	26.9
Inventories - Raw Materials	55.3	51.4	38.7	49.7	48.7
Inventories - Other	-	-	-	-8.3	-5.5
Total Inventory	121.8	112.5	96.8	115.5	115.2
Prepaid Expenses	20.4	15.2	14.3	14.0	8.6
Deferred Income Tax - Current Asset	2.3	2.3	2.0	1.6	3.0
Other Current Assets, Total	2.3	2.3	2.0	1.6	3.0
Total Current Assets	390.2	388.9	412.7	467.0	469.8
Buildings	196.9	192.2	128.2	84.1	74.3
Land/Improvements	14.7	15.3	14.1	13.6	13.7
Machinery/Equipment	252.1	270.8	255.4	239.5	187.7
Construction in Progress	5.6	8.0	31.8	51.8	15.5
Property/Plant/Equipment - Gross	469.3	486.2	429.4	388.9	291.2
Accumulated Depreciation	-205.4	-199.4	-166.7	-139.3	-107.0
Property/Plant/Equipment - Net	263.9	286.8	262.7	249.6	184.2
Intangibles, Net	7.5	3.5	3.5	4.0	4.8
LT Investment - Affiliate Companies	0.2	3.5	0.2	0.2	0.0
LT Investments - Other	2.2	-	-	-	-
Long Term Investments	2.4	3.5	0.2	0.2	0.0
Deferred Charges	7.2	8.4	3.8	2.6	2.2
Deferred Income Tax - Long Term Asset	1.6	1.8	0.8	-	-
Other Long Term Assets	4.9	7.3	8.3	8.2	7.5
Other Long Term Assets, Total	13.6	17.5	13.0	10.8	9.7
Total Assets	677.7	700.3	692.1	731.6	668.5
Accounts Payable	230.7	222.8	234.7	225.5	247.1
Accrued Expenses	60.9	72.4	52.2	55.0	53.1
Notes Payable/Short Term Debt	55.2	68.8	79.1	150.6	50.2
Current Portion - Long Term Debt/Capital Leases	0.0	1.9	-	-	-
Other Payables	0.7	0.6	0.3	2.8	11.1
Other Current liabilities, Total	0.7	0.6	0.3	2.8	11.1
Total Current Liabilities	347.5	366.4	366.3	434.0	361.5
Long Term Debt	36.4	28.5	25.0	11.9	0.0
Total Long Term Debt	36.4	28.5	25.0	11.9	0.0
Total Debt	91.6	99.2	104.1	162.6	50.2
Deferred Income Tax - LT Liability	-	-	-	0.0	1.1
Deferred Income Tax	-	-	-	0.0	1.1
Minority Interest	1.5	1.6	1.6	1.7	0.0
Other Long Term Liabilities	1.3	1.2	1.2	3.1	1.8
Other Liabilities, Total	1.3	1.2	1.2	3.1	1.8
Total Liabilities	386.7	397.7	394.0	450.8	364.4
Common Stock	105.3	114.9	99.0	91.3	84.9
Common Stock	105.3	114.9	99.0	91.3	84.9
Additional Paid-In Capital	147.7	161.1	145.2	140.2	147.2
Retained Earnings (Accumulated Deficit)	38.7	58.6	51.4	42.0	70.3
Treasury Stock - Common	0.0	-20.7	-	-	-
Unrealized Gain (Loss)	-1.1	-	-	-	-
Translation Adjustment	0.6	-11.0	2.4	7.4	1.7
Minimum Pension Liability Adjustment	-0.2	-0.2	-	-	-
Other Equity, Total	0.4	-11.2	2.4	7.4	1.7
Total Equity	291.0	302.6	298.1	280.8	304.0
Total Liabilities & Shareholders’ Equity	677.7	700.3	692.1	731.6	668.5
Shares Outstanding - Common Stock Primary Issue	318.9	318.9	332.6	330.3	333.9
Total Common Shares Outstanding	318.9	318.9	332.6	330.3	333.9
Treasury Shares - Common Stock Primary Issue	0.0	16.0	0.0	0.0	0.0
Employees	19,855	23,414	25,695	17,190	24,925
Number of Common Shareholders	-	26,197	22,098	13,572	10,939
Accumulated Intangible Amort, Suppl.	4.0	3.5	10.1	9.3	8.3
Total Long Term Debt, Supplemental	36.4	30.4	25.0	-	-
Long Term Debt Maturing within 1 Year	0.0	1.9	8.7	-	-
Long Term Debt Maturing in Year 2	4.1	2.5	8.7	-	-
Long Term Debt Maturing in Year 3	2.4	18.5	2.6	-	-
Long Term Debt Maturing in Year 4	30.0	2.5	2.6	-	-
Long Term Debt Maturing in Year 5	-	5.1	2.5	-	-
Long Term Debt Maturing in 2-3 Years	6.4	20.9	11.3	-	-
Long Term Debt Maturing in 4-5 Years	30.0	7.6	5.0	-	-
Long Term Debt Matur. in Year 6 & Beyond	0.0	0.0	0.0	-	-
Total Operating Leases, Supplemental	4.0	6.0	5.3	9.1	5.2
Operating Lease Payments Due in Year 1	1.0	1.4	1.8	4.0	1.9
Operating Lease Payments Due in Year 2	0.9	1.1	1.0	1.7	0.9
Operating Lease Payments Due in Year 3	0.8	1.1	0.9	1.2	0.8
Operating Lease Payments Due in Year 4	0.8	1.1	0.9	1.1	0.8
Operating Lease Payments Due in Year 5	0.5	1.1	0.9	1.1	0.8
Operating Lease Pymts. Due in 2-3 Years	1.7	2.3	1.8	2.9	1.7
Operating Lease Pymts. Due in 4-5 Years	1.3	2.3	1.7	2.2	1.6
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0
Pension Obligation - Domestic	5.2	5.7	4.4	4.7	4.6
Plan Assets - Domestic	2.9	3.2	2.7	2.2	2.2
Funded Status - Domestic	-2.2	-2.5	-1.8	-2.5	-2.4
Accumulated Obligation - Domestic	3.6	4.0	3.1	2.7	2.8
Total Funded Status	-2.2	-2.5	-1.8	-2.5	-2.4
Discount Rate - Domestic	2.00%	1.75%	2.25%	2.50%	2.75%
Expected Rate of Return - Domestic	2.00%	1.75%	2.25%	2.50%	2.75%
Compensation Rate - Domestic	2.00%	2.00%	2.00%	3.00%	3.00%
Total Plan Obligations	5.2	5.7	4.4	4.7	4.6
Total Plan Assets	2.9	3.2	2.7	2.2	2.2

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.39004	31.497037	33.023867	31.543497	32.848802
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Income/Starting Line	5.4	19.1	26.1	23.8	52.9
Depreciation	35.3	36.3	37.7	32.5	23.7
Depreciation/Depletion	35.3	36.3	37.7	32.5	23.7
Amortization of Intangibles	6.7	4.3	4.2	4.2	2.2
Amortization	6.7	4.3	4.2	4.2	2.2
Deferred Taxes	0.1	-1.0	-1.1	0.2	0.7
Unusual Items	0.3	1.2	0.2	0.3	0.0
Other Non-Cash Items	1.2	0.7	-0.4	-0.2	-0.3
Non-Cash Items	1.4	1.9	-0.3	0.1	-0.3
Accounts Receivable	-27.9	41.2	-25.4	14.9	-64.2
Inventories	-13.8	-11.1	21.0	-2.2	-41.9
Prepaid Expenses	-5.9	0.5	0.0	-5.7	2.0
Other Assets	-1.3	6.3	1.5	1.1	-5.1
Accounts Payable	16.8	-14.0	0.7	-19.4	95.1
Accrued Expenses	3.9	0.3	-4.7	2.6	13.9
Other Liabilities	0.1	-0.4	-2.0	1.4	0.9
Changes in Working Capital	-28.1	22.8	-8.7	-7.2	0.7
Cash from Operating Activities	21.0	83.3	57.9	53.5	79.9
Purchase of Fixed Assets	-28.0	-37.3	-45.9	-94.9	-64.9
Purchase/Acquisition of Intangibles	-8.7	-8.1	-5.2	-3.7	-2.8
Capital Expenditures	-36.6	-45.4	-51.1	-98.5	-67.6
Acquisition of Business	-1.1	0.0	-0.1	0.0	-8.8
Sale of Fixed Assets	5.5	2.9	0.1	0.0	0.2
Investment, Net	1.5	10.7	21.5	22.4	-59.5
Other Investing Cash Flow	5.4	-4.6	32.2	-36.0	0.2
Other Investing Cash Flow Items, Total	11.3	9.0	53.8	-13.7	-68.0
Cash from Investing Activities	-25.3	-36.3	2.7	-112.2	-135.6
Other Financing Cash Flow	-	-	0.0	-8.6	-12.6
Financing Cash Flow Items	-	-	0.0	-8.6	-12.6
Cash Dividends Paid - Common	-16.3	-12.1	-13.6	-21.0	-9.6
Total Cash Dividends Paid	-16.3	-12.1	-13.6	-21.0	-9.6
Sale/Issuance of Common	-	-	-	-	146.6
Repurchase/Retirement of Common	0.0	-19.2	0.0	-27.3	-0.7
Common Stock, Net	0.0	-19.2	0.0	-27.3	146.0
Issuance (Retirement) of Stock, Net	0.0	-19.2	0.0	-27.3	146.0
Short Term Debt, Net	-11.3	-9.1	-72.6	104.6	-12.8
Long Term Debt Issued	30.9	19.6	12.4	12.4	-
Long Term Debt Reduction	-24.1	-16.8	-	-	-13.1
Long Term Debt, Net	6.8	2.7	12.4	12.4	-13.1
Issuance (Retirement) of Debt, Net	-4.5	-6.4	-60.3	117.0	-25.9
Cash from Financing Activities	-20.8	-37.7	-73.9	60.1	97.8
Foreign Exchange Effects	0.1	-1.1	-0.3	-2.1	-1.8
Net Change in Cash	-25.0	8.2	-13.5	-0.7	40.3
Net Cash - Beginning Balance	50.7	39.1	50.8	53.9	11.4
Net Cash - Ending Balance	25.7	47.3	37.3	53.2	51.8
Cash Interest Paid	2.7	3.1	6.8	8.7	6.4
Cash Taxes Paid	3.4	5.3	4.8	11.2	3.3

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Reclassified Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Updated Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.39004	31.497037	33.023867	31.543497	32.848802
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Sales	931.5	941.8	888.8	862.7	750.2
Total Revenue	931.5	941.8	888.8	862.7	750.2
Cost of Sales	834.0	831.6	783.8	757.8	624.6
Selling Expenses	36.7	38.0	31.5	31.8	35.1
General and Administrative Expenses	21.8	19.7	17.1	18.5	12.1
Research and Development Expenses	31.3	27.1	21.4	23.5	19.1
Prov./Revers. of Invent. Deval. & Obsol	-	-	-	-	-0.2
Impairment Loss	-	-	0.2	0.3	-
Total Operating Expense	923.9	916.5	854.0	831.9	690.7
Interest Income	0.7	0.6	0.6	2.7	0.3
Gain on Sale of Fixed Assets	1.0	0.1	0.0	0.0	-
Gain/Loss on Foreign Exchange	1.3	1.1	0.9	2.1	3.9
Miscellaneous Income	2.3	1.8	2.1	3.7	4.1
Interest Expenses	-2.9	-3.0	-5.3	-9.4	-6.2
Financial Assets Valuation G/L	-0.5	-0.5	0.4	0.5	0.1
Loss on Disposal of Fixed Assets	-1.5	-1.2	-	-	0.0
Miscellaneous Disbursements	-1.1	-0.5	-1.1	-1.2	-0.5
Net Income Before Taxes	6.8	23.9	32.5	29.2	61.3
Provision for Income Taxes	1.4	4.8	6.4	5.4	8.4
Net Income After Taxes	5.4	19.1	26.1	23.8	52.9
Minority Interest	0.1	0.1	0.1	0.1	-0.4
Net Income Before Extra. Items	5.5	19.1	26.2	23.9	52.4
Net Income	5.5	19.1	26.2	23.9	52.4
Income Available to Com Excl ExtraOrd	5.5	19.1	26.2	23.9	52.4
Income Available to Com Incl ExtraOrd	5.5	19.1	26.2	23.9	52.4
Basic Weighted Average Shares	318.9	332.8	331.7	332.6	295.0
Basic EPS Excluding ExtraOrdinary Items	0.02	0.06	0.08	0.07	0.18
Basic EPS Including ExtraOrdinary Items	0.02	0.06	0.08	0.07	0.18
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	5.5	19.1	26.2	23.9	52.4
Diluted Weighted Average Shares	322.5	335.7	335.8	338.3	295.0
Diluted EPS Excluding ExtraOrd Items	0.02	0.06	0.08	0.07	0.18
Diluted EPS Including ExtraOrd Items	0.02	0.06	0.08	0.07	0.18
DPS-Common Stock	0.02	0.05	0.03	0.04	0.06
Gross Dividends - Common Stock	5.4	15.2	11.5	15.8	20.2
Normalized Income Before Taxes	7.3	24.9	32.7	29.5	61.3
Inc Tax Ex Impact of Sp Items	1.5	5.0	6.5	5.5	8.4
Normalized Income After Taxes	5.8	19.9	26.2	24.1	52.9
Normalized Inc. Avail to Com.	5.9	20.0	26.4	24.2	52.4
Basic Normalized EPS	0.02	0.06	0.08	0.07	0.18
Diluted Normalized EPS	0.02	0.06	0.08	0.07	0.18
Interest Expense, Supplemental	2.9	3.0	5.3	9.4	6.2
R&D Expense, Supplemental	31.3	27.1	21.4	23.5	19.1
Depreciation - Operating Cost	27.4	29.9	32.7	27.8	20.6
Depreciation - Operating Expense	7.8	6.2	4.8	4.5	2.9
Amortisation- Operating Cost	3.6	0.7	1.3	0.7	0.3
Amortisation- Operating Expense	3.1	3.5	3.0	3.5	1.9
Interest Capitalized	-	-	-0.1	-0.6	-6.4
Current Tax Payable	1.3	5.8	7.5	5.2	7.7
Current Tax - Total	1.3	5.8	7.5	5.2	7.7
Deferred Tax	0.1	-1.0	-1.1	0.2	0.7
Deferred Tax - Total	0.1	-1.0	-1.1	0.2	0.7
Income Tax - Total	1.4	4.8	6.4	5.4	8.4
Service Cost	0.0	0.0	0.0	0.0	0.1
Interest Cost	0.1	0.1	0.1	0.1	0.1
Expected Return on Plan Assets	0.0	0.0	0.0	-0.1	-0.1
Amort. Transitional Benefit Obligation	0.1	0.0	0.0	0.1	0.1
Actuarial Gains and Losses	-	-	0.0	0.0	0.0
Domestic Pension Plan Expense	0.1	0.1	0.2	0.2	0.2
Defined Contribution Expense	11.5	10.4	9.2	8.3	4.9
Total Pension Expense	11.7	10.5	9.4	8.5	5.1
Discount Rate	2.00%	1.75%	2.25%	2.50%	2.75%
Rate of Compensation Increase	2.00%	2.00%	2.00%	3.00%	3.00%
Expected Rate of Return on Plan Assets	2.00%	1.75%	2.25%	2.50%	2.75%

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Reclassified Normal 31-Dec-2008
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	30.279	29.1565	31.985	32.818	32.4345
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash and Cash Equivalent	24.9	51.1	38.5	51.1	52.4
Financial Assets - Fair Value	2.0	4.2	17.8	39.1	60.4
Notes and Accounts Receivable, Gross	218.4	194.7	227.3	196.3	204.0
Provision for Doubtful Accounts	-1.1	-1.2	-1.0	-1.3	-1.0
Provision for Sales Discount	-4.1	-0.4	-0.6	-0.3	-0.4
Accounts Receivable - Related Parties	1.1	1.3	9.0	8.4	17.5
Other Receivable - Related Party	0.0	1.2	0.0	-	-
Other Financial Assets - Current	4.6	8.1	8.7	42.5	10.1
Raw Material	55.3	51.4	38.7	49.7	48.7
Work-in-Process	15.1	23.6	22.2	26.0	26.9
Finished Goods	51.4	37.5	35.9	48.2	45.1
Provision/Allowance for Inventory	-	-	-	-8.3	-5.5
Prepayment & Other Current Assets	20.4	15.2	14.3	14.0	8.6
Deferred Income Tax Assets - Current	2.3	2.3	2.0	1.6	3.0
Total Current Assets	390.2	388.9	412.7	467.0	469.8
Financial Assets-Available for Sale,Non-	2.2	-	-	-	-
LT Equity Investment, Cost Method	0.2	3.5	0.2	0.2	0.0
Land	14.7	15.3	14.1	13.6	13.7
Buildings and Structures	196.9	192.2	128.2	84.1	74.3
Machinery and Equipment	225.3	238.5	222.9	206.9	161.9
Molding Equipment	-	5.3	5.0	5.4	4.0
Office Equipment	11.0	10.3	16.0	16.0	12.1
Miscellaneous Equipment	15.9	16.7	11.5	11.3	9.7
Constr. in Progress/Prepay for Equipment	5.6	8.0	31.8	51.8	15.5
Accumulated Depreciation	-202.5	-196.2	-163.9	-136.6	-104.2
Provision for Impairment of Fixed Assets	-3.0	-3.3	-2.8	-2.7	-2.8
Intangible Assets, Net	7.5	3.5	3.5	4.0	4.8
Idle Assets	3.9	6.6	6.3	6.3	6.6
Security Deposits Paid	1.0	0.7	2.1	1.9	0.9
Deferred Charges & Others	7.2	8.4	3.8	2.6	2.2
Deferred Income Tax Assets - Non Current	1.6	1.8	0.8	-	-
Total Assets	677.7	700.3	692.1	731.6	668.5
Short Term Borrowings	55.2	68.6	79.1	150.1	50.2
Notes & Accounts Payable	229.2	221.4	233.8	225.0	245.8
Accounts Payable - Related Parties	1.5	1.4	0.9	0.5	1.3
Financial Liabilities - Fair Value	0.0	0.1	0.0	0.5	0.0
Accrued Expenses & Other Current Liab.	60.9	72.4	52.2	55.0	53.1
Other Payables - Related Party	0.7	0.6	0.3	2.8	11.1
Current Portion of Long Term Debt	0.0	1.9	-	-	-
Total Current Liabilities	347.5	366.4	366.3	434.0	361.5
Long Term Borrowings	36.4	28.5	25.0	11.9	0.0
Total Long Term Debt	36.4	28.5	25.0	11.9	0.0
Deferred Tax Liabilities	-	-	-	0.0	1.1
Other Long Term Liabilities	1.3	1.2	1.2	3.1	1.8
Minority Interest	1.5	1.6	1.6	1.7	0.0
Total Liabilities	386.7	397.7	394.0	450.8	364.4
Common Stock	105.3	114.9	99.0	91.3	84.9
Share Premium	147.7	161.1	145.2	140.2	147.2
Legal Reserve	18.8	17.4	13.2	10.5	5.3
Special Reserve	10.8	-	-	-	-
Retained Earnings	9.1	41.2	38.2	31.4	65.0
Cumulative Translation Adjustment	0.6	-11.0	2.4	7.4	1.7
Net Loss Not Recognized as Pension Cost	-0.2	-0.2	-	-	-
Unrealized G/L on Financial Instruments	-1.1	-	-	-	-
Treasury Stock	0.0	-20.7	-	-	-
Total Equity	291.0	302.6	298.1	280.8	304.0
Total Liabilities & Shareholders' Equity	677.7	700.3	692.1	731.6	668.5
S/O-Common Stock	318.9	318.9	332.6	330.3	333.9
Total Common Shares Outstanding	318.9	318.9	332.6	330.3	333.9
T/S-Common Stock	0.0	16.0	0.0	0.0	0.0
Accuma Intangible Amortization	4.0	3.5	10.1	9.3	8.3
Full-Time Employees	19,855	23,414	25,695	17,190	24,925
Number of Common Shareholders	-	26,197	22,098	13,572	10,939
Long Term Debt Maturing within 1 Year	0.0	1.9	-	-	-
Long Term Borrowing Maturing in 2 Year	4.1	2.5	17.4	-	-
Long Term Borrowing Maturing in 3 Year	2.4	18.5	2.6	-	-
Long Term Borrowing Maturing in 4 Year	30.0	2.5	2.6	-	-
Long Term Debt Maturing in Year 5	-	5.1	2.5	-	-
Total Long Term Debt, Supplemental	36.4	30.4	25.0	-	-
Operating Lease due in 1 year	1.0	1.4	1.8	4.0	1.9
Operating Lease due in 2 years	0.9	1.1	1.0	1.7	0.9
Operating Lease due in 3 years	0.8	1.1	0.9	1.2	0.8
Operating Lease due in 4 years	0.8	1.1	0.9	1.1	0.8
Operating Lease due in 5 years	0.5	1.1	0.9	1.1	0.8
Total Operating Leases	4.0	6.0	5.3	9.1	5.2
Accumulated Benefit Obligation	3.6	4.0	3.1	2.7	2.8
Benefit Obligation	5.2	5.7	4.4	4.7	4.6
Fair Value of Plan Assets	2.9	3.2	2.7	2.2	2.2
Funded Status	-2.2	-2.5	-1.8	-2.5	-2.4
Total Funded Status	-2.2	-2.5	-1.8	-2.5	-2.4
Discount Rate	2.00%	1.75%	2.25%	2.50%	2.75%
Rate of Compensation Increase	2.00%	2.00%	2.00%	3.00%	3.00%
Expected Rate of Return on Plan Assets	2.00%	1.75%	2.25%	2.50%	2.75%

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.39004	31.497037	33.023867	31.543497	32.848802
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Income	5.4	19.1	26.1	23.8	52.9
Depreciation	35.3	36.3	37.7	32.5	23.7
Amortization	6.7	4.3	4.2	4.2	2.2
Prov./Reversal for Inventory Devaluation	-	-	-	-	-0.2
Financial Assets Valuation Gain/Loss	0.5	0.5	-0.4	-0.5	-0.1
Deferred Tax	0.1	-1.0	-1.1	0.2	0.7
Fixed Assets Transferred Expenses	0.0	0.2	0.0	0.3	0.1
Net Gain/Loss on Sale of Properties	0.5	1.0	0.0	0.0	0.0
Impairment Loss	-0.2	0.2	0.2	-	-
Impairment Loss of Intangible	-	-	-	0.3	0.0
Unrea. G/L on Exchange LT Borrowing	0.6	-	-	-	-
Notes & Accounts Receivable	-28.1	33.3	-25.0	5.7	-66.8
Accounts Receivable - Related Parties	0.2	7.9	-0.4	9.2	2.6
Other Financial Assets, Current	-1.3	6.3	1.5	1.1	-5.1
Other Receivable - Related Party	0.0	0.0	0.0	0.0	-
Inventories	-13.8	-11.1	21.0	-2.2	-41.9
Prepayment & Other Current Assets	-5.9	0.5	0.0	-5.7	2.0
Notes & Accounts Payable	16.6	-14.6	2.8	-18.7	94.5
Accounts Payable - Related Parties	0.1	0.4	0.3	-0.8	0.6
Other Payable - Related Parties	0.1	0.2	-2.5	0.0	0.0
Accrued Expenses & Other Current Liab.	3.9	0.3	-4.7	2.6	13.9
Other Liabilties	0.1	-0.4	-2.0	1.4	0.9
Cash from Operating Activities	21.0	83.3	57.9	53.5	79.9
LT Equity Investment Increase/Decrease	0.0	-3.1	0.0	-0.2	0.0
Financial Assets/Liabilities-Fair Value	1.5	13.8	21.5	22.5	-59.5
Restricted Deposits	4.6	-4.9	32.3	-35.0	0.1
Disposal of Fixed Assets	5.5	2.9	0.1	0.0	0.2
Intangible Assets&Deferred Charges	-8.7	-8.1	-5.2	-3.7	-2.8
Capital Expenditure& Lease assets	-28.0	-37.3	-45.9	-94.9	-64.9
Security Deposit Paid	-0.3	1.5	-0.1	-1.0	0.0
Purchase of Minority Interest	0.0	0.0	-0.1	0.0	-8.8
Receivables for Equiptment-Related	1.2	-1.1	-	-	-
Purchase of Subsidiary	-1.0	-	-	-	-
Cash from Investing Activities	-25.3	-36.3	2.7	-112.2	-135.6
Short Term Borrowings Increase/Decrease	-11.3	-9.1	-72.6	104.6	-12.8
Related Party Payable	-	-	0.0	-8.5	-
Repayment of LT Borrowings	-24.1	-16.8	-	-	-13.1
Long Term Borrowings, Increase	30.9	19.6	12.4	12.4	-
Cash Capital	-	-	-	-	146.6
Purchase of Treasury Shares	0.0	-19.2	0.0	-27.3	0.0
Cash Dividend	-16.3	-12.1	-13.6	-21.0	-9.6
Purchase of Subsidiaries' Stocks	-	-	-	-	-0.7
Minority Interest	-	-	0.0	1.9	0.0
Other Payable - Related Parties	-	-	-	-	-11.3
Employees Bonuses	-	-	0.0	-1.6	-1.0
Directors Remuneration	-	-	0.0	-0.5	-0.3
Cash from Financing Activities	-20.8	-37.7	-73.9	60.1	97.8
Foreign Exchange Effects	0.1	-1.1	-0.3	-2.1	-1.8
Net Change in Cash	-25.0	8.2	-13.5	-0.7	40.3
Net Cash - Beginning Balance	50.7	39.1	50.8	53.9	11.4
Net Cash - Ending Balance	25.7	47.3	37.3	53.2	51.8
Cash Interest Paid	2.7	3.1	6.8	8.7	6.4
Cash Taxes Paid	3.4	5.3	4.8	11.2	3.3

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
Â	Quarter Ending 31-Mar-2012	Quarter Ending Yr Ago	Annual Year End 31-Dec-2011	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	207.8	0.81%	931.5	-7.72%	0.20%	11.50%
Research & Development1	7.3	9.71%	31.3	7.60%	7.43%	10.93%
Operating Income1	1.6	94.76%	7.6	-72.18%	-38.84%	-32.21%
Income Available to Common Excl Extraord Items1	1.2	67.61%	5.5	-73.28%	-40.21%	-33.63%
Basic EPS Excl Extraord Items1	0.00	67.63%	0.02	-72.11%	-39.37%	-35.83%
Capital Expenditures2	6.8	-38.23%	36.6	-24.64%	-29.76%	-5.10%
Cash from Operating Activities2	17.2	213.00%	21.0	-76.52%	-28.53%	-17.76%
Free Cash Flow	10.4	-	-15.2	-	-	-
Total Assets3	653.6	-	677.7	0.49%	-5.10%	11.61%
Total Liabilities3	357.5	-	386.7	0.96%	-7.50%	7.43%
Total Long Term Debt3	35.9	-	36.4	32.57%	41.18%	42.39%
Employees3	-	-	19855	-15.20%	4.92%	3.51%
Total Common Shares Outstanding3	318.9	-	318.9	0.00%	-1.17%	3.80%
1-ExchangeRate: TWD to USD Average for Period	29.710200	Â	29.390040	Â	Â	Â
2-ExchangeRate: TWD to USD Average for Period	29.710200	Â	29.390040	Â	Â	Â
3-ExchangeRate: TWD to USD Period End Date	29.565976	Â	30.279000	Â	Â	Â

Utility Industry Specific USD (mil)
Â	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Deferred Charges3	7.2	8.4	3.8	2.6	2.2
3-ExchangeRate: TWD to USD Period End Date	30.279000	29.156500	31.985000	32.818000	32.434500

Key Ratios
Â	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Profitability
Gross Margin	10.46%	11.70%	11.81%	12.16%	16.77%
Operating Margin	0.81%	2.69%	3.92%	3.57%	7.93%
Pretax Margin	0.73%	2.54%	3.66%	3.39%	8.16%
Net Profit Margin	0.59%	2.03%	2.95%	2.77%	6.99%
Financial Strength
Current Ratio	1.12	1.06	1.13	1.08	1.30
Long Term Debt/Equity	0.13	0.09	0.08	0.04	0.00
Total Debt/Equity	0.31	0.33	0.35	0.58	0.17
Management Effectiveness
Return on Assets	0.78%	2.82%	3.73%	3.29%	10.36%
Return on Equity	1.83%	6.57%	9.24%	7.90%	25.46%
Efficiency
Receivables Turnover	4.49	4.49	4.14	3.94	4.22
Inventory Turnover	7.04	8.22	7.51	6.35	6.96
Asset Turnover	1.34	1.39	1.27	1.19	1.47

Market Valuation USD (mil)
P/E (TTM)	37.86	.	Enterprise Value2	273.5
Price/Sales (TTM)	0.24	.	Enterprise Value/Revenue (TTM)	0.29
Price/Book (MRQ)	0.75	.	Enterprise Value/EBITDA (TTM)	5.36
Market Cap as of 01-Jun-20121		.
1-ExchangeRate: TWD to USD on 1-Jun-2012	Â
2-ExchangeRate: TWD to USD on 31-Mar-2012	29.565976

Annual Ratios

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Financial Strength
Current Ratio	1.12	1.06	1.13	1.08	1.30
Quick/Acid Test Ratio	0.71	0.71	0.82	0.77	0.95
Working Capital1	42.7	22.6	46.5	33.0	108.3
Long Term Debt/Equity	0.13	0.09	0.08	0.04	0.00
Total Debt/Equity	0.31	0.33	0.35	0.58	0.17
Long Term Debt/Total Capital	0.10	0.07	0.06	0.03	0.00
Total Debt/Total Capital	0.24	0.25	0.26	0.37	0.14
Payout Ratio	98.95%	82.78%	43.76%	60.01%	35.31%
Effective Tax Rate	20.80%	20.14%	19.74%	18.50%	13.71%
Total Capital1	382.6	401.7	402.1	443.4	354.3
Efficiency
Asset Turnover	1.34	1.39	1.27	1.19	1.47
Inventory Turnover	7.04	8.22	7.51	6.35	6.96
Days In Inventory	51.87	44.43	48.58	57.48	52.41
Receivables Turnover	4.49	4.49	4.14	3.94	4.22
Days Receivables Outstanding	81.28	81.25	88.12	92.59	86.41
Revenue/Employee2	45,536	43,454	35,713	48,236	30,482
Operating Income/Employee2	369	1,169	1,399	1,721	2,418
EBITDA/Employee2	2,418	3,030	3,074	3,757	3,462
Profitability
Gross Margin	10.46%	11.70%	11.81%	12.16%	16.77%
Operating Margin	0.81%	2.69%	3.92%	3.57%	7.93%
EBITDA Margin	5.31%	6.97%	8.61%	7.79%	11.36%
EBIT Margin	0.81%	2.69%	3.92%	3.57%	7.93%
Pretax Margin	0.73%	2.54%	3.66%	3.39%	8.16%
Net Profit Margin	0.59%	2.03%	2.95%	2.77%	6.99%
R&D Expense/Revenue	3.36%	2.88%	2.41%	2.73%	2.55%
COGS/Revenue	89.54%	88.30%	88.19%	87.84%	83.23%
SG&A Expense/Revenue	6.29%	6.13%	5.46%	5.83%	6.29%
Management Effectiveness
Return on Assets	0.78%	2.82%	3.73%	3.29%	10.36%
Return on Equity	1.83%	6.57%	9.24%	7.90%	25.46%
Valuation
Free Cash Flow/Share2	-0.05	0.13	0.02	-0.13	0.04
Operating Cash Flow/Share 2	0.06	0.28	0.18	0.16	0.24
1-ExchangeRate: TWD to USD Period End Date	30.279	29.1565	31.985	32.818	32.4345
2-ExchangeRate: TWD to USD Average for Period	30.279	29.1565	31.985	32.818	32.4345

Current Market Multiples
Market Cap/Earnings (TTM)	37.86
Market Cap/Equity (MRQ)	0.75
Market Cap/Revenue (TTM)	0.24
Market Cap/EBIT (TTM)	26.65
Market Cap/EBITDA (TTM)	4.35
Enterprise Value/Earnings (TTM)	46.70
Enterprise Value/Equity (MRQ)	0.92
Enterprise Value/Revenue (TTM)	0.29
Enterprise Value/EBIT (TTM)	32.88
Enterprise Value/EBITDA (TTM)	5.36

Annual Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Reclassified Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Updated Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.39004	31.497037	33.023867	31.543497	32.848802
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Sales	931.5	941.8	888.8	862.7	750.2
Revenue	931.5	941.8	888.8	862.7	750.2
Total Revenue	931.5	941.8	888.8	862.7	750.2
Cost of Revenue	834.0	831.6	783.8	757.8	624.4
Cost of Revenue, Total	834.0	831.6	783.8	757.8	624.4
Gross Profit	97.4	110.2	105.0	104.9	125.8
Selling/General/Administrative Expense	58.6	57.7	48.6	50.3	47.2
Total Selling/General/Administrative Expenses	58.6	57.7	48.6	50.3	47.2
Research & Development	31.3	27.1	21.4	23.5	19.1
Impairment-Assets Held for Use	-	-	0.2	0.3	-
Unusual Expense (Income)	-	-	0.2	0.3	-
Total Operating Expense	923.9	916.5	854.0	831.9	690.7
Operating Income	7.6	25.3	34.8	30.8	59.5
Interest Expense - Non-Operating	-2.9	-3.0	-5.3	-9.4	-6.2
Interest Expense, Net Non-Operating	-2.9	-3.0	-5.3	-9.4	-6.2
Interest Income - Non-Operating	0.7	0.6	0.6	2.7	0.3
Investment Income - Non-Operating	0.8	0.5	1.3	2.6	4.0
Interest/Investment Income - Non-Operating	1.5	1.2	1.9	5.4	4.4
Interest Income (Expense) - Net Non-Operating Total	-1.4	-1.8	-3.3	-4.1	-1.8
Gain (Loss) on Sale of Assets	-0.5	-1.0	0.0	0.0	0.0
Other Non-Operating Income (Expense)	1.2	1.4	1.0	2.5	3.6
Other, Net	1.2	1.4	1.0	2.5	3.6
Income Before Tax	6.8	23.9	32.5	29.2	61.3
Total Income Tax	1.4	4.8	6.4	5.4	8.4
Income After Tax	5.4	19.1	26.1	23.8	52.9
Minority Interest	0.1	0.1	0.1	0.1	-0.4
Net Income Before Extraord Items	5.5	19.1	26.2	23.9	52.4
Net Income	5.5	19.1	26.2	23.9	52.4
Income Available to Common Excl Extraord Items	5.5	19.1	26.2	23.9	52.4
Income Available to Common Incl Extraord Items	5.5	19.1	26.2	23.9	52.4
Basic/Primary Weighted Average Shares	318.9	332.8	331.7	332.6	295.0
Basic EPS Excl Extraord Items	0.02	0.06	0.08	0.07	0.18
Basic/Primary EPS Incl Extraord Items	0.02	0.06	0.08	0.07	0.18
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	5.5	19.1	26.2	23.9	52.4
Diluted Weighted Average Shares	322.5	335.7	335.8	338.3	295.0
Diluted EPS Excl Extraord Items	0.02	0.06	0.08	0.07	0.18
Diluted EPS Incl Extraord Items	0.02	0.06	0.08	0.07	0.18
Dividends per Share - Common Stock Primary Issue	0.02	0.05	0.03	0.04	0.06
Gross Dividends - Common Stock	5.4	15.2	11.5	15.8	20.2
Interest Expense, Supplemental	2.9	3.0	5.3	9.4	6.2
Interest Capitalized, Supplemental	-	-	-0.1	-0.6	-6.4
Depreciation, Supplemental	35.2	36.1	37.5	32.2	23.5
Total Special Items	0.5	1.0	0.2	0.3	0.0
Normalized Income Before Tax	7.3	24.9	32.7	29.5	61.3
Effect of Special Items on Income Taxes	0.1	0.2	0.0	0.1	0.0
Inc Tax Ex Impact of Sp Items	1.5	5.0	6.5	5.5	8.4
Normalized Income After Tax	5.8	19.9	26.2	24.1	52.9
Normalized Inc. Avail to Com.	5.9	20.0	26.4	24.2	52.4
Basic Normalized EPS	0.02	0.06	0.08	0.07	0.18
Diluted Normalized EPS	0.02	0.06	0.08	0.07	0.18
Amort of Intangibles, Supplemental	6.7	4.3	4.2	4.2	2.2
Research & Development Exp, Supplemental	31.3	27.1	21.4	23.5	19.1
Normalized EBIT	7.6	25.3	35.0	31.1	59.5
Normalized EBITDA	49.5	65.7	76.7	67.5	85.2
Current Tax - Total	1.3	5.8	7.5	5.2	7.7
Current Tax - Total	1.3	5.8	7.5	5.2	7.7
Deferred Tax - Total	0.1	-1.0	-1.1	0.2	0.7
Deferred Tax - Total	0.1	-1.0	-1.1	0.2	0.7
Income Tax - Total	1.4	4.8	6.4	5.4	8.4
Interest Cost - Domestic	0.1	0.1	0.1	0.1	0.1
Service Cost - Domestic	0.0	0.0	0.0	0.0	0.1
Expected Return on Assets - Domestic	0.0	0.0	0.0	-0.1	-0.1
Actuarial Gains and Losses - Domestic	-	-	0.0	0.0	0.0
Transition Costs - Domestic	0.1	0.0	0.0	0.1	0.1
Domestic Pension Plan Expense	0.1	0.1	0.2	0.2	0.2
Defined Contribution Expense - Domestic	11.5	10.4	9.2	8.3	4.9
Total Pension Expense	11.7	10.5	9.4	8.5	5.1
Discount Rate - Domestic	2.00%	1.75%	2.25%	2.50%	2.75%
Expected Rate of Return - Domestic	2.00%	1.75%	2.25%	2.50%	2.75%
Compensation Rate - Domestic	2.00%	2.00%	2.00%	3.00%	3.00%
Total Plan Interest Cost	0.1	0.1	0.1	0.1	0.1
Total Plan Service Cost	0.0	0.0	0.0	0.0	0.1
Total Plan Expected Return	0.0	0.0	0.0	-0.1	-0.1

Interim Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2012	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011
Period Length	3 Months	9 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2012	Reclassified Special 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.7102	29.417886	29.146237	28.855204	29.305764
Net Sales	207.8	722.4	254.1	230.9	209.0
Revenue	207.8	722.4	254.1	230.9	209.0
Total Revenue	207.8	722.4	254.1	230.9	209.0
Cost of Revenue	185.6	645.7	227.1	206.9	188.3
Cost of Revenue, Total	185.6	645.7	227.1	206.9	188.3
Gross Profit	22.2	76.7	27.0	24.0	20.7
Selling/General/Administrative Expense	13.3	45.5	15.8	14.7	13.1
Total Selling/General/Administrative Expenses	13.3	45.5	15.8	14.7	13.1
Research & Development	7.3	24.6	8.5	7.7	6.7
Total Operating Expense	206.1	715.7	251.4	229.4	208.1
Operating Income	1.6	6.7	2.8	1.5	0.9
Interest Expense - Non-Operating	-0.8	-2.3	-0.8	-0.6	-0.6
Interest Expense, Net Non-Operating	-0.8	-2.3	-0.8	-0.6	-0.6
Interest Income - Non-Operating	0.2	0.5	0.2	0.2	0.2
Investment Income - Non-Operating	0.3	0.6	0.1	0.3	0.2
Interest/Investment Income - Non-Operating	0.5	1.1	0.3	0.4	0.4
Interest Income (Expense) - Net Non-Operating Total	-0.4	-1.2	-0.4	-0.2	-0.2
Gain (Loss) on Sale of Assets	-0.1	-0.4	-0.1	-0.5	-0.1
Other Non-Operating Income (Expense)	0.3	0.9	0.1	0.9	0.3
Other, Net	0.3	0.9	0.1	0.9	0.3
Income Before Tax	1.4	6.0	2.3	1.8	0.8
Total Income Tax	0.3	1.3	0.6	0.4	0.1
Income After Tax	1.2	4.7	1.7	1.4	0.7
Minority Interest	0.0	0.0	0.0	0.0	0.0
Net Income Before Extraord Items	1.2	4.8	1.7	1.4	0.7
Net Income	1.2	4.8	1.7	1.4	0.7
Income Available to Common Excl Extraord Items	1.2	4.8	1.7	1.4	0.7
Income Available to Common Incl Extraord Items	1.2	4.8	1.7	1.4	0.7
Basic/Primary Weighted Average Shares	318.9	318.9	318.9	318.9	318.9
Basic EPS Excl Extraord Items	0.00	0.01	0.01	0.00	0.00
Basic/Primary EPS Incl Extraord Items	0.00	0.01	0.01	0.00	0.00
Dilution Adjustment	-	0.0	0.0	0.0	0.0
Diluted Net Income	1.2	4.8	1.7	1.4	0.7
Diluted Weighted Average Shares	321.2	323.2	320.9	320.6	320.1
Diluted EPS Excl Extraord Items	0.00	0.01	0.01	0.00	0.00
Diluted EPS Incl Extraord Items	0.00	0.01	0.01	0.00	0.00
Dividends per Share - Common Stock Primary Issue	0.00	0.02	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	5.4	0.0	0.0	0.0
Interest Expense, Supplemental	0.8	2.3	0.8	0.6	0.6
Depreciation, Supplemental	8.6	26.3	8.9	8.7	9.0
Total Special Items	0.1	0.4	0.1	0.5	0.1
Normalized Income Before Tax	1.5	6.4	2.4	2.2	0.9
Effect of Special Items on Income Taxes	0.0	0.1	0.0	0.1	0.0
Inc Tax Ex Impact of Sp Items	0.3	1.4	0.6	0.4	0.2
Normalized Income After Tax	1.2	5.0	1.8	1.8	0.8
Normalized Inc. Avail to Com.	1.3	5.1	1.8	1.8	0.8
Basic Normalized EPS	0.00	0.02	0.01	0.01	0.00
Diluted Normalized EPS	0.00	0.02	0.01	0.01	0.00
Amort of Intangibles, Supplemental	2.3	5.6	1.2	1.7	1.1
Research & Development Exp, Supplemental	7.3	24.6	8.5	7.7	6.7
Normalized EBIT	1.6	6.7	2.8	1.5	0.9
Normalized EBITDA	12.5	38.6	12.8	11.9	11.0

Annual Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Reclassified Normal 31-Dec-2008
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	30.279	29.1565	31.985	32.818	32.4345
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash & Equivalents	24.9	51.1	38.5	51.1	52.4
Short Term Investments	6.6	12.3	26.5	81.6	70.5
Cash and Short Term Investments	31.5	63.3	65.0	132.7	122.9
Accounts Receivable - Trade, Gross	218.4	194.7	227.3	196.3	204.0
Provision for Doubtful Accounts	-5.2	-1.6	-1.7	-1.6	-1.4
Trade Accounts Receivable - Net	214.3	194.4	234.6	203.2	220.1
Other Receivables	0.0	1.2	0.0	-	-
Total Receivables, Net	214.3	195.6	234.6	203.2	220.1
Inventories - Finished Goods	51.4	37.5	35.9	48.2	45.1
Inventories - Work In Progress	15.1	23.6	22.2	26.0	26.9
Inventories - Raw Materials	55.3	51.4	38.7	49.7	48.7
Inventories - Other	-	-	-	-8.3	-5.5
Total Inventory	121.8	112.5	96.8	115.5	115.2
Prepaid Expenses	20.4	15.2	14.3	14.0	8.6
Deferred Income Tax - Current Asset	2.3	2.3	2.0	1.6	3.0
Other Current Assets, Total	2.3	2.3	2.0	1.6	3.0
Total Current Assets	390.2	388.9	412.7	467.0	469.8
Buildings	196.9	192.2	128.2	84.1	74.3
Land/Improvements	14.7	15.3	14.1	13.6	13.7
Machinery/Equipment	252.1	270.8	255.4	239.5	187.7
Construction in Progress	5.6	8.0	31.8	51.8	15.5
Property/Plant/Equipment - Gross	469.3	486.2	429.4	388.9	291.2
Accumulated Depreciation	-205.4	-199.4	-166.7	-139.3	-107.0
Property/Plant/Equipment - Net	263.9	286.8	262.7	249.6	184.2
Intangibles, Net	7.5	3.5	3.5	4.0	4.8
LT Investment - Affiliate Companies	0.2	3.5	0.2	0.2	0.0
LT Investments - Other	2.2	-	-	-	-
Long Term Investments	2.4	3.5	0.2	0.2	0.0
Deferred Charges	7.2	8.4	3.8	2.6	2.2
Deferred Income Tax - Long Term Asset	1.6	1.8	0.8	-	-
Other Long Term Assets	4.9	7.3	8.3	8.2	7.5
Other Long Term Assets, Total	13.6	17.5	13.0	10.8	9.7
Total Assets	677.7	700.3	692.1	731.6	668.5
Accounts Payable	230.7	222.8	234.7	225.5	247.1
Accrued Expenses	60.9	72.4	52.2	55.0	53.1
Notes Payable/Short Term Debt	55.2	68.8	79.1	150.6	50.2
Current Portion - Long Term Debt/Capital Leases	0.0	1.9	-	-	-
Other Payables	0.7	0.6	0.3	2.8	11.1
Other Current liabilities, Total	0.7	0.6	0.3	2.8	11.1
Total Current Liabilities	347.5	366.4	366.3	434.0	361.5
Long Term Debt	36.4	28.5	25.0	11.9	0.0
Total Long Term Debt	36.4	28.5	25.0	11.9	0.0
Total Debt	91.6	99.2	104.1	162.6	50.2
Deferred Income Tax - LT Liability	-	-	-	0.0	1.1
Deferred Income Tax	-	-	-	0.0	1.1
Minority Interest	1.5	1.6	1.6	1.7	0.0
Other Long Term Liabilities	1.3	1.2	1.2	3.1	1.8
Other Liabilities, Total	1.3	1.2	1.2	3.1	1.8
Total Liabilities	386.7	397.7	394.0	450.8	364.4
Common Stock	105.3	114.9	99.0	91.3	84.9
Common Stock	105.3	114.9	99.0	91.3	84.9
Additional Paid-In Capital	147.7	161.1	145.2	140.2	147.2
Retained Earnings (Accumulated Deficit)	38.7	58.6	51.4	42.0	70.3
Treasury Stock - Common	0.0	-20.7	-	-	-
Unrealized Gain (Loss)	-1.1	-	-	-	-
Translation Adjustment	0.6	-11.0	2.4	7.4	1.7
Minimum Pension Liability Adjustment	-0.2	-0.2	-	-	-
Other Equity, Total	0.4	-11.2	2.4	7.4	1.7
Total Equity	291.0	302.6	298.1	280.8	304.0
Total Liabilities & Shareholders’ Equity	677.7	700.3	692.1	731.6	668.5
Shares Outstanding - Common Stock Primary Issue	318.9	318.9	332.6	330.3	333.9
Total Common Shares Outstanding	318.9	318.9	332.6	330.3	333.9
Treasury Shares - Common Stock Primary Issue	0.0	16.0	0.0	0.0	0.0
Employees	19,855	23,414	25,695	17,190	24,925
Number of Common Shareholders	-	26,197	22,098	13,572	10,939
Accumulated Intangible Amort, Suppl.	4.0	3.5	10.1	9.3	8.3
Total Long Term Debt, Supplemental	36.4	30.4	25.0	-	-
Long Term Debt Maturing within 1 Year	0.0	1.9	8.7	-	-
Long Term Debt Maturing in Year 2	4.1	2.5	8.7	-	-
Long Term Debt Maturing in Year 3	2.4	18.5	2.6	-	-
Long Term Debt Maturing in Year 4	30.0	2.5	2.6	-	-
Long Term Debt Maturing in Year 5	-	5.1	2.5	-	-
Long Term Debt Maturing in 2-3 Years	6.4	20.9	11.3	-	-
Long Term Debt Maturing in 4-5 Years	30.0	7.6	5.0	-	-
Long Term Debt Matur. in Year 6 & Beyond	0.0	0.0	0.0	-	-
Total Operating Leases, Supplemental	4.0	6.0	5.3	9.1	5.2
Operating Lease Payments Due in Year 1	1.0	1.4	1.8	4.0	1.9
Operating Lease Payments Due in Year 2	0.9	1.1	1.0	1.7	0.9
Operating Lease Payments Due in Year 3	0.8	1.1	0.9	1.2	0.8
Operating Lease Payments Due in Year 4	0.8	1.1	0.9	1.1	0.8
Operating Lease Payments Due in Year 5	0.5	1.1	0.9	1.1	0.8
Operating Lease Pymts. Due in 2-3 Years	1.7	2.3	1.8	2.9	1.7
Operating Lease Pymts. Due in 4-5 Years	1.3	2.3	1.7	2.2	1.6
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0
Pension Obligation - Domestic	5.2	5.7	4.4	4.7	4.6
Plan Assets - Domestic	2.9	3.2	2.7	2.2	2.2
Funded Status - Domestic	-2.2	-2.5	-1.8	-2.5	-2.4
Accumulated Obligation - Domestic	3.6	4.0	3.1	2.7	2.8
Total Funded Status	-2.2	-2.5	-1.8	-2.5	-2.4
Discount Rate - Domestic	2.00%	1.75%	2.25%	2.50%	2.75%
Expected Rate of Return - Domestic	2.00%	1.75%	2.25%	2.50%	2.75%
Compensation Rate - Domestic	2.00%	2.00%	2.00%	3.00%	3.00%
Total Plan Obligations	5.2	5.7	4.4	4.7	4.6
Total Plan Assets	2.9	3.2	2.7	2.2	2.2

Interim Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2012	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011
UpdateType/Date	Updated Normal 31-Mar-2012	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Reclassified Normal 31-Mar-2012
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.565976	30.279	30.475	28.7235	29.4065
Cash & Equivalents	34.8	24.9	37.1	40.1	53.3
Short Term Investments	9.1	6.6	9.7	10.9	10.2
Cash and Short Term Investments	43.9	31.5	46.8	51.0	63.6
Accounts Receivable - Trade, Gross	188.0	218.4	193.2	212.7	186.6
Provision for Doubtful Accounts	-5.8	-5.2	-4.4	-3.3	-2.2
Trade Accounts Receivable - Net	183.3	214.3	190.5	210.6	185.7
Other Receivables	0.4	0.0	0.0	-	-
Total Receivables, Net	183.7	214.3	190.5	210.6	185.7
Inventories - Finished Goods	25.1	51.4	69.2	44.0	25.2
Inventories - Work In Progress	28.2	15.1	28.0	27.6	14.9
Inventories - Raw Materials	69.1	55.3	34.5	60.0	69.8
Total Inventory	122.3	121.8	131.7	131.7	109.9
Prepaid Expenses	18.0	20.4	19.5	14.3	20.5
Deferred Income Tax - Current Asset	2.9	2.3	2.0	2.1	1.9
Other Current Assets, Total	2.9	2.3	2.0	2.1	1.9
Total Current Assets	370.8	390.2	390.5	409.7	381.5
Buildings	198.4	196.9	196.9	199.0	198.8
Land/Improvements	15.1	14.7	14.6	15.5	15.2
Machinery/Equipment	257.7	252.1	261.5	267.3	261.6
Construction in Progress	5.0	5.6	6.9	5.8	5.5
Property/Plant/Equipment - Gross	476.2	469.3	479.9	487.6	481.0
Accumulated Depreciation	-216.2	-205.4	-209.8	-208.4	-200.7
Property/Plant/Equipment - Net	260.1	263.9	270.2	279.2	280.3
Intangibles, Net	7.5	7.5	8.8	9.0	4.4
LT Investments - Other	3.7	2.4	3.1	3.6	3.5
Long Term Investments	3.7	2.4	3.1	3.6	3.5
Deferred Charges	5.5	7.2	5.4	5.4	6.7
Deferred Income Tax - Long Term Asset	1.1	1.6	1.3	1.4	1.8
Other Long Term Assets	4.9	4.9	5.0	5.2	5.2
Other Long Term Assets, Total	11.5	13.6	11.7	12.0	13.7
Total Assets	653.6	677.7	684.3	713.5	683.4
Accounts Payable	209.3	230.7	233.1	238.0	217.2
Accrued Expenses	50.6	60.9	49.7	63.4	58.5
Notes Payable/Short Term Debt	58.4	55.2	75.7	76.9	75.0
Current Portion - Long Term Debt/Capital Leases	0.0	0.0	0.0	0.0	2.4
Dividends Payable	-	-	-	16.7	-
Other Payables	0.7	0.7	1.0	0.9	0.4
Other Current liabilities, Total	0.7	0.7	1.0	17.5	0.4
Total Current Liabilities	318.9	347.5	359.6	395.9	353.5
Long Term Debt	35.9	36.4	32.9	22.3	22.7
Total Long Term Debt	35.9	36.4	32.9	22.3	22.7
Total Debt	94.3	91.6	108.6	99.2	100.2
Minority Interest	1.4	1.5	1.5	1.6	1.6
Other Long Term Liabilities	1.3	1.3	2.3	1.6	2.5
Other Liabilities, Total	1.3	1.3	2.3	1.6	2.5
Total Liabilities	357.5	386.7	396.3	421.3	380.4
Common Stock	107.9	105.3	104.6	111.0	108.4
Common Stock	107.9	105.3	104.6	111.0	108.4
Additional Paid-In Capital	151.2	147.7	146.7	155.7	152.1
Retained Earnings (Accumulated Deficit)	40.8	38.7	36.8	37.3	51.3
Treasury Stock - Common	-	0.0	-	-	-
Unrealized Gain (Loss)	0.2	-1.1	-0.3	-	-
Translation Adjustment	-3.9	0.6	0.3	-11.6	-8.6
Minimum Pension Liability Adjustment	-0.2	-0.2	-0.2	-0.2	-0.2
Other Equity, Total	-4.1	0.4	0.1	-11.8	-8.8
Total Equity	296.0	291.0	288.0	292.2	303.0
Total Liabilities & Shareholders’ Equity	653.6	677.7	684.3	713.5	683.4
Shares Outstanding - Common Stock Primary Issue	318.9	318.9	318.9	318.9	318.9
Total Common Shares Outstanding	318.9	318.9	318.9	318.9	318.9
Treasury Shares - Common Stock Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	19,855	-	26,648	-
Accumulated Intangible Amort, Suppl.	4.0	4.0	3.8	3.6	3.5
Total Long Term Debt, Supplemental	35.9	36.4	32.9	22.3	25.2
Long Term Debt Maturing within 1 Year	1.2	0.0	2.4	2.5	2.4
Long Term Debt Maturing in Year 2	1.2	4.1	18.4	18.5	2.4
Long Term Debt Maturing in Year 3	1.8	2.4	12.2	1.3	18.4
Long Term Debt Maturing in Year 4	31.7	30.0	-	-	1.8
Long Term Debt Maturing in 2-3 Years	3.0	6.4	30.6	19.8	20.9
Long Term Debt Maturing in 4-5 Years	31.7	30.0	-	-	1.8
Long Term Debt Matur. in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0
Total Operating Leases, Supplemental	3.8	4.0	5.8	5.8	4.2
Operating Lease Payments Due in Year 1	0.9	1.0	1.2	1.3	1.3
Operating Lease Payments Due in Year 2	0.9	0.9	1.2	1.1	1.1
Operating Lease Payments Due in Year 3	0.8	0.8	1.1	1.1	1.1
Operating Lease Payments Due in Year 4	0.8	0.8	1.1	1.1	0.4
Operating Lease Payments Due in Year 5	0.3	0.5	1.1	1.1	0.2
Operating Lease Pymts. Due in 2-3 Years	1.7	1.7	2.4	2.3	2.2
Operating Lease Pymts. Due in 4-5 Years	1.2	1.3	2.2	2.2	0.6
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0

Annual Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.39004	31.497037	33.023867	31.543497	32.848802
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Income/Starting Line	5.4	19.1	26.1	23.8	52.9
Depreciation	35.3	36.3	37.7	32.5	23.7
Depreciation/Depletion	35.3	36.3	37.7	32.5	23.7
Amortization of Intangibles	6.7	4.3	4.2	4.2	2.2
Amortization	6.7	4.3	4.2	4.2	2.2
Deferred Taxes	0.1	-1.0	-1.1	0.2	0.7
Unusual Items	0.3	1.2	0.2	0.3	0.0
Other Non-Cash Items	1.2	0.7	-0.4	-0.2	-0.3
Non-Cash Items	1.4	1.9	-0.3	0.1	-0.3
Accounts Receivable	-27.9	41.2	-25.4	14.9	-64.2
Inventories	-13.8	-11.1	21.0	-2.2	-41.9
Prepaid Expenses	-5.9	0.5	0.0	-5.7	2.0
Other Assets	-1.3	6.3	1.5	1.1	-5.1
Accounts Payable	16.8	-14.0	0.7	-19.4	95.1
Accrued Expenses	3.9	0.3	-4.7	2.6	13.9
Other Liabilities	0.1	-0.4	-2.0	1.4	0.9
Changes in Working Capital	-28.1	22.8	-8.7	-7.2	0.7
Cash from Operating Activities	21.0	83.3	57.9	53.5	79.9
Purchase of Fixed Assets	-28.0	-37.3	-45.9	-94.9	-64.9
Purchase/Acquisition of Intangibles	-8.7	-8.1	-5.2	-3.7	-2.8
Capital Expenditures	-36.6	-45.4	-51.1	-98.5	-67.6
Acquisition of Business	-1.1	0.0	-0.1	0.0	-8.8
Sale of Fixed Assets	5.5	2.9	0.1	0.0	0.2
Investment, Net	1.5	10.7	21.5	22.4	-59.5
Other Investing Cash Flow	5.4	-4.6	32.2	-36.0	0.2
Other Investing Cash Flow Items, Total	11.3	9.0	53.8	-13.7	-68.0
Cash from Investing Activities	-25.3	-36.3	2.7	-112.2	-135.6
Other Financing Cash Flow	-	-	0.0	-8.6	-12.6
Financing Cash Flow Items	-	-	0.0	-8.6	-12.6
Cash Dividends Paid - Common	-16.3	-12.1	-13.6	-21.0	-9.6
Total Cash Dividends Paid	-16.3	-12.1	-13.6	-21.0	-9.6
Sale/Issuance of Common	-	-	-	-	146.6
Repurchase/Retirement of Common	0.0	-19.2	0.0	-27.3	-0.7
Common Stock, Net	0.0	-19.2	0.0	-27.3	146.0
Issuance (Retirement) of Stock, Net	0.0	-19.2	0.0	-27.3	146.0
Short Term Debt, Net	-11.3	-9.1	-72.6	104.6	-12.8
Long Term Debt Issued	30.9	19.6	12.4	12.4	-
Long Term Debt Reduction	-24.1	-16.8	-	-	-13.1
Long Term Debt, Net	6.8	2.7	12.4	12.4	-13.1
Issuance (Retirement) of Debt, Net	-4.5	-6.4	-60.3	117.0	-25.9
Cash from Financing Activities	-20.8	-37.7	-73.9	60.1	97.8
Foreign Exchange Effects	0.1	-1.1	-0.3	-2.1	-1.8
Net Change in Cash	-25.0	8.2	-13.5	-0.7	40.3
Net Cash - Beginning Balance	50.7	39.1	50.8	53.9	11.4
Net Cash - Ending Balance	25.7	47.3	37.3	53.2	51.8
Cash Interest Paid	2.7	3.1	6.8	8.7	6.4
Cash Taxes Paid	3.4	5.3	4.8	11.2	3.3

Interim Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2012	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011
Period Length	3 Months	12 Months	9 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2012	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Reclassified Normal 31-Mar-2012
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.7102	29.39004	29.099862	29.074238	29.305764
Net Income/Starting Line	1.2	5.4	3.8	2.1	0.7
Depreciation	8.6	35.3	26.6	17.7	9.0
Depreciation/Depletion	8.6	35.3	26.6	17.7	9.0
Amortization of Intangibles	2.3	6.7	3.9	2.8	1.1
Amortization	2.3	6.7	3.9	2.8	1.1
Deferred Taxes	-0.1	0.1	0.6	0.7	0.4
Unusual Items	0.1	0.3	0.6	0.5	0.1
Other Non-Cash Items	-0.7	1.2	0.6	-0.5	0.1
Non-Cash Items	-0.6	1.4	1.2	0.1	0.2
Accounts Receivable	35.6	-27.9	-4.6	-13.0	7.2
Inventories	2.4	-13.8	-25.2	-17.3	1.8
Prepaid Expenses	2.9	-5.9	-5.2	1.8	-2.5
Other Assets	0.1	-1.3	-3.3	-2.8	-3.3
Accounts Payable	-26.9	16.8	21.4	12.0	-3.8
Accrued Expenses	-8.2	3.9	-9.6	4.0	-6.6
Other Liabilities	0.0	0.1	1.2	0.3	1.3
Changes in Working Capital	5.8	-28.1	-25.3	-15.0	-5.9
Cash from Operating Activities	17.2	21.0	10.9	8.3	5.6
Purchase of Fixed Assets	-6.4	-28.0	-23.4	-20.3	-9.3
Purchase/Acquisition of Intangibles	-0.4	-8.7	-6.2	-4.4	-1.8
Capital Expenditures	-6.8	-36.6	-29.7	-24.7	-11.2
Acquisition of Business	-0.1	-1.1	-1.1	-1.1	-1.0
Sale of Fixed Assets	0.2	5.5	4.0	1.2	2.4
Investment, Net	-	1.5	2.6	-0.6	-
Purchase of Investments	-	0.0	-	-	-
Other Investing Cash Flow	-2.4	5.4	4.1	6.0	5.9
Other Investing Cash Flow Items, Total	-2.4	11.3	9.7	5.5	7.3
Cash from Investing Activities	-9.2	-25.3	-20.0	-19.2	-3.9
Cash Dividends Paid - Common	-	-16.3	-16.4	-	-
Total Cash Dividends Paid	-	-16.3	-16.4	-	-
Repurchase/Retirement of Common	-	0.0	-	-	-
Common Stock, Net	-	0.0	-	-	-
Issuance (Retirement) of Stock, Net	-	0.0	-	-	-
Short Term Debt, Net	1.9	-11.3	9.9	7.2	6.9
Long Term Debt Issued	2.7	30.9	12.1	-	-
Long Term Debt Reduction	-3.3	-24.1	-8.9	-8.3	-5.1
Long Term Debt, Net	-0.6	6.8	3.3	-8.3	-5.1
Issuance (Retirement) of Debt, Net	1.3	-4.5	13.2	-1.1	1.8
Cash from Financing Activities	1.3	-20.8	-3.2	-1.1	1.8
Foreign Exchange Effects	0.0	0.1	0.0	0.3	-0.8
Net Change in Cash	9.2	-25.0	-12.4	-11.6	2.7
Net Cash - Beginning Balance	25.4	50.7	51.2	51.2	50.8
Net Cash - Ending Balance	34.6	25.7	38.8	39.6	53.5
Cash Interest Paid	0.9	2.7	2.4	1.3	0.9
Cash Taxes Paid	-	3.4	3.4	3.4	-

Annual Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Reclassified Normal 31-Dec-2011	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Updated Normal 31-Dec-2007
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.39004	31.497037	33.023867	31.543497	32.848802
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Sales	931.5	941.8	888.8	862.7	750.2
Total Revenue	931.5	941.8	888.8	862.7	750.2
Cost of Sales	834.0	831.6	783.8	757.8	624.6
Selling Expenses	36.7	38.0	31.5	31.8	35.1
General and Administrative Expenses	21.8	19.7	17.1	18.5	12.1
Research and Development Expenses	31.3	27.1	21.4	23.5	19.1
Prov./Revers. of Invent. Deval. & Obsol	-	-	-	-	-0.2
Impairment Loss	-	-	0.2	0.3	-
Total Operating Expense	923.9	916.5	854.0	831.9	690.7
Interest Income	0.7	0.6	0.6	2.7	0.3
Gain on Sale of Fixed Assets	1.0	0.1	0.0	0.0	-
Gain/Loss on Foreign Exchange	1.3	1.1	0.9	2.1	3.9
Miscellaneous Income	2.3	1.8	2.1	3.7	4.1
Interest Expenses	-2.9	-3.0	-5.3	-9.4	-6.2
Financial Assets Valuation G/L	-0.5	-0.5	0.4	0.5	0.1
Loss on Disposal of Fixed Assets	-1.5	-1.2	-	-	0.0
Miscellaneous Disbursements	-1.1	-0.5	-1.1	-1.2	-0.5
Net Income Before Taxes	6.8	23.9	32.5	29.2	61.3
Provision for Income Taxes	1.4	4.8	6.4	5.4	8.4
Net Income After Taxes	5.4	19.1	26.1	23.8	52.9
Minority Interest	0.1	0.1	0.1	0.1	-0.4
Net Income Before Extra. Items	5.5	19.1	26.2	23.9	52.4
Net Income	5.5	19.1	26.2	23.9	52.4
Income Available to Com Excl ExtraOrd	5.5	19.1	26.2	23.9	52.4
Income Available to Com Incl ExtraOrd	5.5	19.1	26.2	23.9	52.4
Basic Weighted Average Shares	318.9	332.8	331.7	332.6	295.0
Basic EPS Excluding ExtraOrdinary Items	0.02	0.06	0.08	0.07	0.18
Basic EPS Including ExtraOrdinary Items	0.02	0.06	0.08	0.07	0.18
Dilution Adjustment	0.0	0.0	0.0	0.0	-
Diluted Net Income	5.5	19.1	26.2	23.9	52.4
Diluted Weighted Average Shares	322.5	335.7	335.8	338.3	295.0
Diluted EPS Excluding ExtraOrd Items	0.02	0.06	0.08	0.07	0.18
Diluted EPS Including ExtraOrd Items	0.02	0.06	0.08	0.07	0.18
DPS-Common Stock	0.02	0.05	0.03	0.04	0.06
Gross Dividends - Common Stock	5.4	15.2	11.5	15.8	20.2
Normalized Income Before Taxes	7.3	24.9	32.7	29.5	61.3
Inc Tax Ex Impact of Sp Items	1.5	5.0	6.5	5.5	8.4
Normalized Income After Taxes	5.8	19.9	26.2	24.1	52.9
Normalized Inc. Avail to Com.	5.9	20.0	26.4	24.2	52.4
Basic Normalized EPS	0.02	0.06	0.08	0.07	0.18
Diluted Normalized EPS	0.02	0.06	0.08	0.07	0.18
Interest Expense, Supplemental	2.9	3.0	5.3	9.4	6.2
R&D Expense, Supplemental	31.3	27.1	21.4	23.5	19.1
Depreciation - Operating Cost	27.4	29.9	32.7	27.8	20.6
Depreciation - Operating Expense	7.8	6.2	4.8	4.5	2.9
Amortisation- Operating Cost	3.6	0.7	1.3	0.7	0.3
Amortisation- Operating Expense	3.1	3.5	3.0	3.5	1.9
Interest Capitalized	-	-	-0.1	-0.6	-6.4
Current Tax Payable	1.3	5.8	7.5	5.2	7.7
Current Tax - Total	1.3	5.8	7.5	5.2	7.7
Deferred Tax	0.1	-1.0	-1.1	0.2	0.7
Deferred Tax - Total	0.1	-1.0	-1.1	0.2	0.7
Income Tax - Total	1.4	4.8	6.4	5.4	8.4
Service Cost	0.0	0.0	0.0	0.0	0.1
Interest Cost	0.1	0.1	0.1	0.1	0.1
Expected Return on Plan Assets	0.0	0.0	0.0	-0.1	-0.1
Amort. Transitional Benefit Obligation	0.1	0.0	0.0	0.1	0.1
Actuarial Gains and Losses	-	-	0.0	0.0	0.0
Domestic Pension Plan Expense	0.1	0.1	0.2	0.2	0.2
Defined Contribution Expense	11.5	10.4	9.2	8.3	4.9
Total Pension Expense	11.7	10.5	9.4	8.5	5.1
Discount Rate	2.00%	1.75%	2.25%	2.50%	2.75%
Rate of Compensation Increase	2.00%	2.00%	2.00%	3.00%	3.00%
Expected Rate of Return on Plan Assets	2.00%	1.75%	2.25%	2.50%	2.75%

Interim Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2012	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011
Period Length	3 Months	9 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2012	Reclassified Special 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.7102	29.417886	29.146237	28.855204	29.305764
Net Sales	207.8	722.4	254.1	230.9	209.0
Total Revenue	207.8	722.4	254.1	230.9	209.0
Cost of Sales	185.6	645.7	227.1	206.9	188.3
Selling Expenses	8.2	28.6	10.0	9.2	8.2
General and Administrative Expenses	5.1	16.9	5.8	5.5	4.9
Research and Development Expenses	7.3	24.6	8.5	7.7	6.7
Total Operating Expense	206.1	715.7	251.4	229.4	208.1
Interest Income	0.2	0.5	0.2	0.2	0.2
Gains on Disposal of Fixed Assets	0.0	0.3	-	-	0.6
Gain/Loss on Sale of Fixed Assets	-	-	-0.1	-0.5	-
Gain/Loss on Foreign Exchange	0.0	1.3	0.4	0.0	0.0
Financial Assets Valuation Gain/Loss	0.3	-0.7	-0.3	0.2	0.2
Miscellaneous Income	0.5	1.8	0.4	1.1	0.4
Interest Expense	-0.8	-2.3	-0.8	-0.6	-0.6
Loss on Disposal of Fixed Assets	-0.1	-0.7	-	-	-0.7
Miscellaneous Disbursements	-0.2	-0.9	-0.3	-0.3	-0.2
Net Income Before Taxes	1.4	6.0	2.3	1.8	0.8
Provision for Income Taxes	0.3	1.3	0.6	0.4	0.1
Net Income After Taxes	1.2	4.7	1.7	1.4	0.7
Minority Interest	0.0	0.0	0.0	0.0	0.0
Net Income Before Extra. Items	1.2	4.8	1.7	1.4	0.7
Net Income	1.2	4.8	1.7	1.4	0.7
Income Available to Com Excl ExtraOrd	1.2	4.8	1.7	1.4	0.7
Income Available to Com Incl ExtraOrd	1.2	4.8	1.7	1.4	0.7
Basic Weighted Average Shares	318.9	318.9	318.9	318.9	318.9
Basic EPS Excluding ExtraOrdinary Items	0.00	0.01	0.01	0.00	0.00
Basic EPS Including ExtraOrdinary Items	0.00	0.01	0.01	0.00	0.00
Dilution Adjustment	-	0.0	0.0	0.0	0.0
Diluted Net Income	1.2	4.8	1.7	1.4	0.7
Diluted Weighted Average Shares	321.2	323.2	320.9	320.6	320.1
Diluted EPS Excluding ExtraOrd Items	0.00	0.01	0.01	0.00	0.00
Diluted EPS Including ExtraOrd Items	0.00	0.01	0.01	0.00	0.00
DPS-Common Stock	0.00	0.02	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	5.4	0.0	0.0	0.0
Normalized Income Before Taxes	1.5	6.4	2.4	2.2	0.9
Inc Tax Ex Impact of Sp Items	0.3	1.4	0.6	0.4	0.2
Normalized Income After Taxes	1.2	5.0	1.8	1.8	0.8
Normalized Inc. Avail to Com.	1.3	5.1	1.8	1.8	0.8
Basic Normalized EPS	0.00	0.02	0.01	0.01	0.00
Diluted Normalized EPS	0.00	0.02	0.01	0.01	0.00
R&D Expense, Supplemental	7.3	24.6	8.5	7.7	6.7
Interest Expense, Supplemental	0.8	2.3	0.8	0.6	0.6
Depreciation, Supplemental	8.6	26.3	8.9	8.7	9.0
Amortization	2.3	5.6	1.2	1.7	1.1

Annual Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Updated Normal 31-Dec-2008	Reclassified Normal 31-Dec-2008
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	30.279	29.1565	31.985	32.818	32.4345
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash and Cash Equivalent	24.9	51.1	38.5	51.1	52.4
Financial Assets - Fair Value	2.0	4.2	17.8	39.1	60.4
Notes and Accounts Receivable, Gross	218.4	194.7	227.3	196.3	204.0
Provision for Doubtful Accounts	-1.1	-1.2	-1.0	-1.3	-1.0
Provision for Sales Discount	-4.1	-0.4	-0.6	-0.3	-0.4
Accounts Receivable - Related Parties	1.1	1.3	9.0	8.4	17.5
Other Receivable - Related Party	0.0	1.2	0.0	-	-
Other Financial Assets - Current	4.6	8.1	8.7	42.5	10.1
Raw Material	55.3	51.4	38.7	49.7	48.7
Work-in-Process	15.1	23.6	22.2	26.0	26.9
Finished Goods	51.4	37.5	35.9	48.2	45.1
Provision/Allowance for Inventory	-	-	-	-8.3	-5.5
Prepayment & Other Current Assets	20.4	15.2	14.3	14.0	8.6
Deferred Income Tax Assets - Current	2.3	2.3	2.0	1.6	3.0
Total Current Assets	390.2	388.9	412.7	467.0	469.8
Financial Assets-Available for Sale,Non-	2.2	-	-	-	-
LT Equity Investment, Cost Method	0.2	3.5	0.2	0.2	0.0
Land	14.7	15.3	14.1	13.6	13.7
Buildings and Structures	196.9	192.2	128.2	84.1	74.3
Machinery and Equipment	225.3	238.5	222.9	206.9	161.9
Molding Equipment	-	5.3	5.0	5.4	4.0
Office Equipment	11.0	10.3	16.0	16.0	12.1
Miscellaneous Equipment	15.9	16.7	11.5	11.3	9.7
Constr. in Progress/Prepay for Equipment	5.6	8.0	31.8	51.8	15.5
Accumulated Depreciation	-202.5	-196.2	-163.9	-136.6	-104.2
Provision for Impairment of Fixed Assets	-3.0	-3.3	-2.8	-2.7	-2.8
Intangible Assets, Net	7.5	3.5	3.5	4.0	4.8
Idle Assets	3.9	6.6	6.3	6.3	6.6
Security Deposits Paid	1.0	0.7	2.1	1.9	0.9
Deferred Charges & Others	7.2	8.4	3.8	2.6	2.2
Deferred Income Tax Assets - Non Current	1.6	1.8	0.8	-	-
Total Assets	677.7	700.3	692.1	731.6	668.5
Short Term Borrowings	55.2	68.6	79.1	150.1	50.2
Notes & Accounts Payable	229.2	221.4	233.8	225.0	245.8
Accounts Payable - Related Parties	1.5	1.4	0.9	0.5	1.3
Financial Liabilities - Fair Value	0.0	0.1	0.0	0.5	0.0
Accrued Expenses & Other Current Liab.	60.9	72.4	52.2	55.0	53.1
Other Payables - Related Party	0.7	0.6	0.3	2.8	11.1
Current Portion of Long Term Debt	0.0	1.9	-	-	-
Total Current Liabilities	347.5	366.4	366.3	434.0	361.5
Long Term Borrowings	36.4	28.5	25.0	11.9	0.0
Total Long Term Debt	36.4	28.5	25.0	11.9	0.0
Deferred Tax Liabilities	-	-	-	0.0	1.1
Other Long Term Liabilities	1.3	1.2	1.2	3.1	1.8
Minority Interest	1.5	1.6	1.6	1.7	0.0
Total Liabilities	386.7	397.7	394.0	450.8	364.4
Common Stock	105.3	114.9	99.0	91.3	84.9
Share Premium	147.7	161.1	145.2	140.2	147.2
Legal Reserve	18.8	17.4	13.2	10.5	5.3
Special Reserve	10.8	-	-	-	-
Retained Earnings	9.1	41.2	38.2	31.4	65.0
Cumulative Translation Adjustment	0.6	-11.0	2.4	7.4	1.7
Net Loss Not Recognized as Pension Cost	-0.2	-0.2	-	-	-
Unrealized G/L on Financial Instruments	-1.1	-	-	-	-
Treasury Stock	0.0	-20.7	-	-	-
Total Equity	291.0	302.6	298.1	280.8	304.0
Total Liabilities & Shareholders' Equity	677.7	700.3	692.1	731.6	668.5
S/O-Common Stock	318.9	318.9	332.6	330.3	333.9
Total Common Shares Outstanding	318.9	318.9	332.6	330.3	333.9
T/S-Common Stock	0.0	16.0	0.0	0.0	0.0
Accuma Intangible Amortization	4.0	3.5	10.1	9.3	8.3
Full-Time Employees	19,855	23,414	25,695	17,190	24,925
Number of Common Shareholders	-	26,197	22,098	13,572	10,939
Long Term Debt Maturing within 1 Year	0.0	1.9	-	-	-
Long Term Borrowing Maturing in 2 Year	4.1	2.5	17.4	-	-
Long Term Borrowing Maturing in 3 Year	2.4	18.5	2.6	-	-
Long Term Borrowing Maturing in 4 Year	30.0	2.5	2.6	-	-
Long Term Debt Maturing in Year 5	-	5.1	2.5	-	-
Total Long Term Debt, Supplemental	36.4	30.4	25.0	-	-
Operating Lease due in 1 year	1.0	1.4	1.8	4.0	1.9
Operating Lease due in 2 years	0.9	1.1	1.0	1.7	0.9
Operating Lease due in 3 years	0.8	1.1	0.9	1.2	0.8
Operating Lease due in 4 years	0.8	1.1	0.9	1.1	0.8
Operating Lease due in 5 years	0.5	1.1	0.9	1.1	0.8
Total Operating Leases	4.0	6.0	5.3	9.1	5.2
Accumulated Benefit Obligation	3.6	4.0	3.1	2.7	2.8
Benefit Obligation	5.2	5.7	4.4	4.7	4.6
Fair Value of Plan Assets	2.9	3.2	2.7	2.2	2.2
Funded Status	-2.2	-2.5	-1.8	-2.5	-2.4
Total Funded Status	-2.2	-2.5	-1.8	-2.5	-2.4
Discount Rate	2.00%	1.75%	2.25%	2.50%	2.75%
Rate of Compensation Increase	2.00%	2.00%	2.00%	3.00%	3.00%
Expected Rate of Return on Plan Assets	2.00%	1.75%	2.25%	2.50%	2.75%

Interim Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2012	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011
UpdateType/Date	Updated Normal 31-Mar-2012	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Reclassified Normal 31-Mar-2012
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate	29.565976	30.279	30.475	28.7235	29.4065
Cash and Cash Equivalent	34.8	24.9	37.1	40.1	53.3
Other Financial Assets - Current	7.4	4.6	7.7	5.8	4.6
Financial Assets - Fair Value	1.8	2.0	2.0	5.1	5.6
Notes and Accounts Receivable, Gross	188.0	218.4	193.2	212.7	186.6
Provision for Doubtful Accounts	-1.1	-1.1	-1.2	-1.3	-1.2
Provision for Sales Discount	-4.7	-4.1	-3.2	-2.1	-1.0
Accounts Receivable - Related Parties	1.1	1.1	1.8	1.2	1.3
Other Receivables - Related Parties	0.4	0.0	0.0	-	-
Raw Material	69.1	55.3	34.5	60.0	69.8
Work-in-Process	28.2	15.1	28.0	27.6	14.9
Finished Goods	25.1	51.4	69.2	44.0	25.2
Prepayment & Other Current Assets	18.0	20.4	19.5	14.3	20.5
Deferred Income Tax Assets - Current	2.9	2.3	2.0	2.1	1.9
Total Current Assets	370.8	390.2	390.5	409.7	381.5
Financial Assets-Available for Sale,Non-	3.5	2.2	2.9	-	0.0
Fncl. Assets, Cost Method, Non-Current	0.2	0.2	0.2	3.6	3.5
Land	15.1	14.7	14.6	15.5	15.2
Buildings and Structures	198.4	196.9	196.9	199.0	198.8
Machinery and Equipment	230.6	225.3	229.3	241.7	233.3
Office Equipment	11.0	11.0	18.0	17.8	11.9
Miscellaneous Equipment	16.1	15.9	14.2	7.9	16.5
Constr. in Progress/Prepay for Equipment	5.0	5.6	6.9	5.8	5.5
Accumulated Depreciation	-213.1	-202.5	-206.7	-205.1	-197.5
Provision for Impairment of Fixed Assets	-3.0	-3.0	-3.1	-3.3	-3.2
Intangible Assets	7.5	7.5	8.8	9.0	4.4
Idle Assets	3.9	3.9	3.9	4.2	4.1
Security Deposits Paid	1.0	1.0	1.0	1.0	1.1
Deferred Charges & Others	5.5	7.2	5.4	5.4	6.7
Deferred Income Tax Assets	1.1	1.6	1.3	1.4	1.8
Total Assets	653.6	677.7	684.3	713.5	683.4
Short Term Borrowings	58.4	55.2	75.2	76.9	75.0
Financial Liabilities - Fair Value	0.0	0.0	0.6	0.0	0.0
Notes & Accounts Payable	208.3	229.2	233.1	236.9	216.2
Accounts Payable - Related Parties	0.9	1.5	0.0	1.1	1.1
Other Payable - Related Parties	0.7	0.7	1.0	0.9	0.4
Accrued Expenses & Other Current Liab.	50.6	60.9	49.7	63.4	58.5
Dividend Payable	-	-	-	16.7	-
Current Portion of Long Term Debt	0.0	0.0	0.0	0.0	2.4
Total Current Liabilities	318.9	347.5	359.6	395.9	353.5
Long Term Borrowings	35.9	36.4	32.9	22.3	22.7
Total Long Term Debt	35.9	36.4	32.9	22.3	22.7
Other Long Term Liabilities	1.3	1.3	2.3	1.6	2.5
Minority Interest	1.4	1.5	1.5	1.6	1.6
Total Liabilities	357.5	386.7	396.3	421.3	380.4
Common Stock	107.9	105.3	104.6	111.0	108.4
Stock Dividend for Distribution	-	-	-	0.0	-
Share Premium	151.2	147.7	146.7	155.7	152.1
Legal Reserve	19.2	18.8	18.6	19.8	17.3
Special Reserve	11.1	10.8	10.7	11.4	0.0
Retained Earnings	10.5	9.1	7.4	6.1	34.0
Cumulative Translation Adjustment	-3.9	0.6	0.3	-11.6	-8.6
Net Loss Not Recognized as Pension Cost	-0.2	-0.2	-0.2	-0.2	-0.2
Unrealized G/L on Fin. Assets for Sale	0.2	-1.1	-0.3	-	-
Treasury Stock	-	0.0	-	-	-
Total Equity	296.0	291.0	288.0	292.2	303.0
Total Liabilities & Shareholders' Equity	653.6	677.7	684.3	713.5	683.4
S/O-Common Stock	318.9	318.9	318.9	318.9	318.9
Total Common Shares Outstanding	318.9	318.9	318.9	318.9	318.9
T/S-Common Stock	0.0	0.0	0.0	0.0	0.0
Accumulated Amortization of Intangibles	4.0	4.0	3.8	3.6	-
Accum. Intangbl. Amort. & Impairm. Loss	-	-	-	-	3.5
Full-Time Employees	-	19,855	-	26,648	-
Long Term Debt Maturing in 1 Year	-	0.0	2.4	2.5	2.4
Long Term Debt Maturing in 2 Year	2.4	4.1	18.4	18.5	2.4
Long Term Debt Maturing in 3 Year	1.8	2.4	12.2	1.3	18.4
Long Term Debt Maturing in 4 Year	31.7	30.0	-	-	1.8
Total Long Term Debt, Supplemental	35.9	36.4	32.9	22.3	25.2
Operating Lease due in 1 year	0.9	1.0	1.2	1.3	1.3
Operating Lease due in 2 years	0.9	0.9	1.2	1.1	1.1
Operating Lease due in 3 years	0.8	0.8	1.1	1.1	1.1
Operating Lease due in 4 years	0.8	0.8	1.1	1.1	0.4
Operating Lease due in 5 years	0.3	0.5	1.1	1.1	0.2
Total Operating Leases, Supplemental	3.8	4.0	5.8	5.8	4.2

Annual Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Reclassified Normal 31-Dec-2008
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.39004	31.497037	33.023867	31.543497	32.848802
Auditor	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Net Income	5.4	19.1	26.1	23.8	52.9
Depreciation	35.3	36.3	37.7	32.5	23.7
Amortization	6.7	4.3	4.2	4.2	2.2
Prov./Reversal for Inventory Devaluation	-	-	-	-	-0.2
Financial Assets Valuation Gain/Loss	0.5	0.5	-0.4	-0.5	-0.1
Deferred Tax	0.1	-1.0	-1.1	0.2	0.7
Fixed Assets Transferred Expenses	0.0	0.2	0.0	0.3	0.1
Net Gain/Loss on Sale of Properties	0.5	1.0	0.0	0.0	0.0
Impairment Loss	-0.2	0.2	0.2	-	-
Impairment Loss of Intangible	-	-	-	0.3	0.0
Unrea. G/L on Exchange LT Borrowing	0.6	-	-	-	-
Notes & Accounts Receivable	-28.1	33.3	-25.0	5.7	-66.8
Accounts Receivable - Related Parties	0.2	7.9	-0.4	9.2	2.6
Other Financial Assets, Current	-1.3	6.3	1.5	1.1	-5.1
Other Receivable - Related Party	0.0	0.0	0.0	0.0	-
Inventories	-13.8	-11.1	21.0	-2.2	-41.9
Prepayment & Other Current Assets	-5.9	0.5	0.0	-5.7	2.0
Notes & Accounts Payable	16.6	-14.6	2.8	-18.7	94.5
Accounts Payable - Related Parties	0.1	0.4	0.3	-0.8	0.6
Other Payable - Related Parties	0.1	0.2	-2.5	0.0	0.0
Accrued Expenses & Other Current Liab.	3.9	0.3	-4.7	2.6	13.9
Other Liabilties	0.1	-0.4	-2.0	1.4	0.9
Cash from Operating Activities	21.0	83.3	57.9	53.5	79.9
LT Equity Investment Increase/Decrease	0.0	-3.1	0.0	-0.2	0.0
Financial Assets/Liabilities-Fair Value	1.5	13.8	21.5	22.5	-59.5
Restricted Deposits	4.6	-4.9	32.3	-35.0	0.1
Disposal of Fixed Assets	5.5	2.9	0.1	0.0	0.2
Intangible Assets&Deferred Charges	-8.7	-8.1	-5.2	-3.7	-2.8
Capital Expenditure& Lease assets	-28.0	-37.3	-45.9	-94.9	-64.9
Security Deposit Paid	-0.3	1.5	-0.1	-1.0	0.0
Purchase of Minority Interest	0.0	0.0	-0.1	0.0	-8.8
Receivables for Equiptment-Related	1.2	-1.1	-	-	-
Purchase of Subsidiary	-1.0	-	-	-	-
Cash from Investing Activities	-25.3	-36.3	2.7	-112.2	-135.6
Short Term Borrowings Increase/Decrease	-11.3	-9.1	-72.6	104.6	-12.8
Related Party Payable	-	-	0.0	-8.5	-
Repayment of LT Borrowings	-24.1	-16.8	-	-	-13.1
Long Term Borrowings, Increase	30.9	19.6	12.4	12.4	-
Cash Capital	-	-	-	-	146.6
Purchase of Treasury Shares	0.0	-19.2	0.0	-27.3	0.0
Cash Dividend	-16.3	-12.1	-13.6	-21.0	-9.6
Purchase of Subsidiaries' Stocks	-	-	-	-	-0.7
Minority Interest	-	-	0.0	1.9	0.0
Other Payable - Related Parties	-	-	-	-	-11.3
Employees Bonuses	-	-	0.0	-1.6	-1.0
Directors Remuneration	-	-	0.0	-0.5	-0.3
Cash from Financing Activities	-20.8	-37.7	-73.9	60.1	97.8
Foreign Exchange Effects	0.1	-1.1	-0.3	-2.1	-1.8
Net Change in Cash	-25.0	8.2	-13.5	-0.7	40.3
Net Cash - Beginning Balance	50.7	39.1	50.8	53.9	11.4
Net Cash - Ending Balance	25.7	47.3	37.3	53.2	51.8
Cash Interest Paid	2.7	3.1	6.8	8.7	6.4
Cash Taxes Paid	3.4	5.3	4.8	11.2	3.3

Interim Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2012	31-Dec-2011	30-Sep-2011	30-Jun-2011	31-Mar-2011
Period Length	3 Months	12 Months	9 Months	6 Months	3 Months
UpdateType/Date	Updated Normal 31-Mar-2012	Updated Normal 31-Dec-2011	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Reclassified Normal 31-Mar-2012
Filed Currency	TWD	TWD	TWD	TWD	TWD
Exchange Rate (Period Average)	29.7102	29.39004	29.099862	29.074238	29.305764
Net Income	1.2	5.4	3.8	2.1	0.7
Depreciation	8.6	35.3	26.6	17.7	9.0
Amortization	2.3	6.7	3.9	2.8	1.1
Net Gain/Loss on Sale of Properties	0.1	0.5	0.7	0.5	0.1
Unrea. G/L on Exchange LT Borrowing	-0.7	0.6	0.8	-0.2	0.1
Financial Assets Valuation G/L	-	0.5	-0.2	-0.4	-
Deferred Tax	-0.1	0.1	0.6	0.7	0.4
Fixed Assets Transferred Expenses	-	0.0	0.0	0.2	-
Impairment Loss	-	-0.2	-0.1	-	-
Financial Assets at Fair Value	0.2	-	-	-	-1.6
Notes & Accounts Receivable	36.0	-28.1	-4.1	-13.2	7.2
Accounts Receivable - Related Parties	0.0	0.2	-0.5	0.1	0.0
Other Receivables - Related Parties	-0.4	0.0	0.0	0.0	0.0
Other Financial Assets - Current	-0.1	-1.3	-3.3	-2.8	-1.7
Inventories	2.4	-13.8	-25.2	-17.3	1.8
Prepayment & Other Current Assets	2.9	-5.9	-5.2	1.8	-2.5
Notes & Accounts Payable	-26.3	16.6	22.3	12.1	-3.3
Accounts Payable - Related Parties	-0.6	0.1	-1.4	0.6	-0.3
Other Payable - Related Parties	0.0	0.1	0.4	-0.6	-0.2
Accrued Expenses & Other Current Liab.	-8.2	3.9	-9.6	4.0	-6.6
Other Liabilities	0.0	0.1	1.2	0.3	1.3
Cash from Operating Activities	17.2	21.0	10.9	8.3	5.6
Financial Assets/Liability - Fair Value	-	1.5	2.6	-0.6	-
Restricted Deposits	-2.5	4.6	3.3	5.2	5.1
Disposal of Fixed Assets	0.2	5.5	4.0	1.2	2.4
Capital Expenditure	-6.4	-	-23.4	-20.3	-9.3
Capital Expenditure& Lease assets	-	-28.0	-	-	-
Intangible/ Deferred Charge/Other Assets	-0.4	-8.7	-6.2	-4.4	-1.8
Security Deposit Paid	0.0	-0.3	-0.4	-0.3	-0.4
Purchase of Minority Interest	-0.1	0.0	0.0	0.0	0.0
Receivables for Equiptment-Related	0.0	1.2	1.2	1.2	1.2
Purchase of Subsidiary	0.0	-1.0	-1.0	-1.0	-1.0
Equity Investment Increase	-	0.0	-	-	-
Cash from Investing Activities	-9.2	-25.3	-20.0	-19.2	-3.9
Short Term Borrowings Increase/Decrease	1.9	-11.3	9.9	7.2	6.9
Long Term Borrowings Increase	2.7	30.9	12.1	-	-
Repayment of Long Term Borrowings	-3.3	-24.1	-8.9	-8.3	-5.1
Purchase of Treasury Shares	-	0.0	-	-	-
Cash Dividend	-	-16.3	-16.4	-	-
Cash from Financing Activities	1.3	-20.8	-3.2	-1.1	1.8
Foreign Exchange Effects	0.0	0.1	0.0	0.3	-0.8
Net Change in Cash	9.2	-25.0	-12.4	-11.6	2.7
Net Cash - Beginning Balance	25.4	50.7	51.2	51.2	50.8
Net Cash - Ending Balance	34.6	25.7	38.8	39.6	53.5
Cash Interest Paid	0.9	2.7	2.4	1.3	0.9
Cash Taxes Paid	-	3.4	3.4	3.4	-

Geographic Segments

Financials in: As Reported (mil)

Annual

External Revenue   USD (mil)
	31-Dec-11			31-Dec-10				31-Dec-09				31-Dec-08				31-Dec-07
Asia	858.0		92.1 %	878.3		93.3 %		549.9		61.9 %		437.7		50.7 %		484.0		64.5 %
America	71.9		7.7 %	41.7		4.4 %		37.8		4.2 %		42.4		4.9 %		40.2		5.4 %
Europe	1.3		0.1 %	21.8		2.3 %		25.4		2.9 %		39.8		4.6 %		32.1		4.3 %
Taiwan	-		-	331.7		35.2 %		275.7		31 %		342.8		39.7 %		193.8		25.8 %
Other Foreign	0.3		0 %	0.1		0 %		-		-		-		-		-		-
Segment Total	931.5		100 %	941.8		100 %		888.8		100 %		862.7		100 %		750.2		100 %
Intercompany Eliminations	-		-	0.0		0 %		-		-		0.0		0 %		0.0		0 %
Consolidated Total	931.5		100 %	941.8		100 %		888.8		100 %		862.7		100 %		750.2		100 %
Exchange Rate: TWD to USD	29.390040			31.497037				33.023867				31.543497				32.848802
Intersegment Revenue   USD (mil)
		31-Dec-10					31-Dec-09				31-Dec-08				31-Dec-07
Asia		386.6			82.5 %		337.9		81 %		374.7		76.5 %		417.1		90.2 %
America		0.0			0 %		-		-		42.0		8.6 %		18.2		3.9 %
Europe		0.0			0 %		0.7		0.2 %		0.0		0 %		23.3		5 %
Taiwan		81.9			17.5 %		78.4		18.8 %		115.0		23.5 %		3.7		0.8 %
Segment Total		468.5			100 %		417.1		100 %		489.7		100 %		462.4		100 %
Intercompany Eliminations		-468.5			-100 %		-417.1		-100 %		-489.7		-100 %		-462.4		-100 %
Consolidated Total		0.0			0 %		0.0		0 %		0.0		0 %		0.0		0 %
Exchange Rate: TWD to USD		31.497037					33.023867				31.543497				32.848802

Total Revenue   USD (mil)
	31-Dec-11			31-Dec-10				31-Dec-09				31-Dec-08				31-Dec-07
Asia	858.0		92.1 %	878.3		93.3 %		887.8		68 %		812.3		60.1 %		901.1		74.3 %
America	71.9		7.7 %	41.7		4.4 %		37.8		2.9 %		42.4		3.1 %		58.4		4.8 %
Europe	1.3		0.1 %	21.8		2.3 %		26.1		2 %		39.8		2.9 %		55.5		4.6 %
Taiwan	-		-	413.5		43.9 %		354.1		27.1 %		457.8		33.9 %		197.5		16.3 %
Other Foreign	0.3		0 %	0.1		0 %		-		-		-		-		-		-
Segment Total	931.5		100 %	941.8		100 %		1,305.8		100 %		1,352.4		100 %		1,212.5		100 %
Intercompany Eliminations	-		-	-468.5		-49.7 %		-417.1		-31.9 %		-489.7		-36.2 %		-462.4		-38.1 %
Consolidated Total	931.5		100 %	941.8		100 %		888.8		68.1 %		862.7		63.8 %		750.2		61.9 %
Exchange Rate: TWD to USD	29.390040			31.497037				33.023867				31.543497				32.848802
Income Before Tax   USD (mil)
		31-Dec-10					31-Dec-09				31-Dec-08				31-Dec-07
Asia		9.5			35.2 %		27.1		71.8 %		2.8		7.1 %		10.1		14.9 %
America		0.1			0.5 %		0.1		0.3 %		0.1		0.3 %		0.1		0.2 %
Europe		0.3			1.1 %		0.3		0.9 %		-0.6		-1.5 %		0.1		0.1 %
Taiwan		17.0			63.2 %		10.2		27.1 %		36.4		94.1 %		57.2		84.8 %
Segment Total		26.9			100 %		37.8		100 %		38.7		100 %		67.5		100 %
Intercompany Eliminations		0.0			0 %		-		-		0.0		0 %		0.0		0 %
Corporate Expense/Other		-3.0			-11.1 %		-5.3		-13.9 %		-9.4		-24.4 %		-6.2		-9.2 %
Consolidated Total		23.9			88.9 %		32.5		86.1 %		29.2		75.6 %		61.3		90.8 %
Exchange Rate: TWD to USD		31.497037					33.023867				31.543497				32.848802

Pre-Tax Margin (%)
	31-Dec-10			31-Dec-09			31-Dec-08			31-Dec-07
Asia	1.0		-	3.1		-	0.3		-	1.1		-
America	0.5		-	0.3		-	0.3		-	0.2		-
Europe	1.5		-	1.2		-	-1.5		-	0.2		-
Taiwan	4.1		-	2.9		-	7.9		-	28.9		-
Segment Total	1.9		-	2.9		-	2.9		-	5.6		-
Intercompany Eliminations	0.0		-	-		-	0.0		-	0.0		-
Consolidated Total	2.5		-	3.7		-	3.4		-	8.2		-
Long Lived Assets   USD (mil)
		31-Dec-11						31-Dec-10
Asia		285.4			99.9 %			309.1			99.9 %
America		0.0			0 %			0.0			0 %
Europe		0.3			0.1 %			0.3			0.1 %
Segment Total		285.7			100 %			309.5			100 %
Consolidated Total		285.7			100 %			309.5			100 %
Exchange Rate: TWD to USD		30.279000						29.156500

Total Assets   USD (mil)
	31-Dec-10		31-Dec-09		31-Dec-08		31-Dec-07
Asia	573.2	64.5 %	559.9	67 %	526.6	63 %	551.4	55.7 %
America	11.1	1.2 %	9.5	1.1 %	12.1	1.4 %	9.7	1 %
Europe	8.8	1 %	12.7	1.5 %	20.0	2.4 %	17.3	1.8 %
Taiwan	296.2	33.3 %	253.8	30.4 %	276.6	33.1 %	411.9	41.6 %
Segment Total	889.3	100 %	836.0	100 %	835.4	100 %	990.3	100 %
Intercompany Eliminations	-189.0	-21.2 %	-143.9	-17.2 %	-103.7	-12.4 %	-321.8	-32.5 %
Consolidated Total	700.3	78.8 %	692.1	82.8 %	731.6	87.6 %	668.5	67.5 %
Exchange Rate: TWD to USD	29.156500		31.985000		32.818000		32.434500

Business Segments

Financials in: As Reported (mil)

Annual

External Revenue   USD (mil)
	31-Dec-11		31-Dec-10
Peripheral Component	673.3	72.3 %	593.7	63 %
Parts Department	258.2	27.7 %	348.1	37 %
Segment Total	931.5	100 %	941.8	100 %
Consolidated Total	931.5	100 %	941.8	100 %
Exchange Rate: TWD to USD	29.390040		31.497037
Total Revenue   USD (mil)
	31-Dec-11		31-Dec-10
Peripheral Component	673.3	72.3 %	593.7	63 %
Parts Department	258.2	27.7 %	348.1	37 %
Segment Total	931.5	100 %	941.8	100 %
Consolidated Total	931.5	100 %	941.8	100 %
Exchange Rate: TWD to USD	29.390040		31.497037

Operating Income/Loss   USD (mil)
	31-Dec-11		31-Dec-10
Peripheral Component	17.1	225.7 %	16.6	65.6 %
Parts Department	-9.5	-125.7 %	8.7	34.4 %
Segment Total	7.6	100 %	25.3	100 %
Consolidated Total	7.6	100 %	25.3	100 %
Exchange Rate: TWD to USD	29.390040		31.497037
Operating Margin (%)
	31-Dec-11		31-Dec-10
Peripheral Component	2.5	-	2.8	-
Parts Department	-3.7	-	2.5	-
Segment Total	0.8	-	2.7	-
Consolidated Total	0.8	-	2.7	-

Business Segments

Financials in: As Reported (mil)

Interim

External Revenue   USD (mil)
	31-Mar-12		31-Dec-11		30-Sep-11		30-Jun-11		31-Mar-11
Peripheral Component	142.7	68.7 %	178.1	75 %	188.1	74 %	161.7	70 %	145.0	69.4 %
Energy & Electric Parts Department	65.1	31.3 %	59.2	25 %	66.1	26 %	69.2	30 %	63.9	30.6 %
Segment Total	207.8	100 %	237.4	100 %	254.1	100 %	230.9	100 %	209.0	100 %
Consolidated Total	207.8	100 %	237.4	100 %	254.1	100 %	230.9	100 %	209.0	100 %
Exchange Rate: TWD to USD	29.710200		30.256909		29.146237		28.855204		29.305764
Total Revenue   USD (mil)
	31-Mar-12		31-Dec-11		30-Sep-11		30-Jun-11		31-Mar-11
Peripheral Component	142.7	68.7 %	178.1	75 %	188.1	74 %	161.7	70 %	145.0	69.4 %
Energy & Electric Parts Department	65.1	31.3 %	59.2	25 %	66.1	26 %	69.2	30 %	63.9	30.6 %
Segment Total	207.8	100 %	237.4	100 %	254.1	100 %	230.9	100 %	209.0	100 %
Consolidated Total	207.8	100 %	237.4	100 %	254.1	100 %	230.9	100 %	209.0	100 %
Exchange Rate: TWD to USD	29.710200		30.256909		29.146237		28.855204		29.305764

Operating Income/Loss   USD (mil)
	31-Mar-12		31-Dec-11			30-Sep-11						30-Jun-11				31-Mar-11
Peripheral Component	3.5	210.6 %	5.1	213.6 %		5.4			195.8 %			3.8		247.2 %		2.7			318.2 %
Energy & Electric Parts Department	-1.8	-110.6 %	-2.7	-113.6 %		-2.6			-95.8 %			-2.3		-147.2 %		-1.9			-218.2 %
Segment Total	1.6	100 %	2.4	100 %		2.8			100 %			1.5		100 %		0.9			100 %
Consolidated Total	1.6	100 %	2.4	100 %		2.8			100 %			1.5		100 %		0.9			100 %
Exchange Rate: TWD to USD	29.710200		30.256909			29.146237						28.855204				29.305764
Operating Margin (%)
					31-Mar-12			31-Dec-11			30-Sep-11				30-Jun-11			31-Mar-11
Peripheral Component					2.4		-	2.9		-	2.9		-		2.3		-	1.9		-
Energy & Electric Parts Department					-2.8		-	-4.6		-	-4.0		-		-3.3		-	-2.9		-
Segment Total					0.8		-	1.0		-	1.1		-		0.7		-	0.4		-
Consolidated Total					0.8		-	1.0		-	1.1		-		0.7		-	0.4		-

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.05
UK Pound	1	Rs.86.69
Euro	1	Rs.69.98

INFORMATION DETAILS

Report Prepared by :

PRL

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.