Last checked at 14 Nov 2016 10:55
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS
2016 3rd IFRS Consolidated Financial Statements
Balance Sheet
Accounting Title | 2016/09/30 | 2015/12/31 | 2015/09/30 |
Balance Sheet | |||
Assets | |||
Current assets | |||
Cash and cash equivalents | |||
Total cash and cash equivalents | 653,097,371 | 657,137,721 | 647,246,764 |
Current financial assets at fair value through profit or loss | |||
Total current financial assets at fair value through profit or loss | 639,014 | 6,114,913 | 21,382,171 |
Current available-for-sale financial assets | |||
Current available-for-sale financial assets, net | 511,430 | 627,508 | 608,008 |
Accounts receivable, net | |||
Accounts receivable, net | 509,864,184 | 564,705,314 | 543,070,339 |
Accounts receivable due from related parties, net | |||
Accounts receivable due from related parties, net | 21,786,102 | 26,203,276 | 24,567,360 |
Other receivables | |||
Other receivables, net | 47,328,832 | 43,779,955 | 41,893,021 |
Inventories | |||
Total inventories | 419,566,810 | 424,625,017 | 496,268,260 |
Prepayments | |||
Total prepayments | 11,499,032 | 14,444,295 | 14,843,000 |
Non-current assets classified as held for sale, net | |||
Non-current assets classified as held for sale, net | 0 | 0 | 2,739,648 |
Other current assets | |||
Total other current assets | 108,691,422 | 50,580,974 | 52,172,274 |
Total current assets | 1,772,984,197 | 1,788,218,973 | 1,844,790,845 |
Non-current assets | |||
Non-current available-for-sale financial assets | |||
Non-current available-for-sale financial assets, net | 79,464,206 | 38,997,120 | 40,220,195 |
Non-current financial assets at cost | |||
Non-current financial assets at cost, net | 30,841,321 | 18,795,163 | 17,070,313 |
Investments accounted for using equity method | |||
Investments accounted for using equity method, net | 135,101,968 | 77,634,937 | 70,580,069 |
Property, plant and equipment | |||
Total property, plant and equipment | 306,954,132 | 336,738,466 | 328,890,569 |
Investment property, net | |||
Investment property, net | 2,622,930 | 3,014,648 | 2,566,542 |
Intangible assets | |||
Total intangible assets | 2,811,481 | 3,253,837 | 4,232,877 |
Deferred tax assets | 18,387,726 | 18,303,571 | 17,930,954 |
Other non-current assets | |||
Total other non-current assets | 29,880,859 | 23,343,162 | 43,522,520 |
Total non-current assets | 606,064,623 | 520,080,904 | 525,014,039 |
Total assets | 2,379,048,820 | 2,308,299,877 | 2,369,804,884 |
Liabilities and equity | |||
Liabilities | |||
Current liabilities | |||
Short-term borrowings | |||
Total short-term borrowings | 77,184,400 | 70,233,209 | 84,181,823 |
Short-term notes and bills payable | |||
Total short-term notes and bills payable | 29,576,132 | 7,000,000 | 0 |
Current financial liabilities at fair value through profit or loss | |||
Total current financial liabilities at fair value through profit or loss | 8,809,930 | 484,773 | 2,422,626 |
Accounts payable | |||
Total accounts payable | 601,817,501 | 613,195,241 | 664,080,917 |
Accounts payable to related parties | |||
Total accounts payable to related parties | 30,562,964 | 30,862,535 | 44,209,665 |
Other payables | |||
Total other payables | 248,143,241 | 197,024,433 | 240,062,929 |
Current tax liabilities | 23,643,864 | 32,684,113 | 22,577,787 |
Current provisions | |||
Total current provisions | 2,326,244 | 2,332,882 | 2,582,873 |
Liabilities related to non-current assets classified as held for sale | 0 | 0 | 407,419 |
Other current liabilities | |||
Total other current liabilities | 94,690,446 | 102,305,015 | 93,275,092 |
Total current liabilities | 1,116,754,722 | 1,056,122,201 | 1,153,801,131 |
Non-current liabilities | |||
Non-current financial liabilities at fair value through profit or loss | |||
Total non-current financial liabilities at fair value through profit or loss | 422,723 | 0 | 2,156 |
Bonds payable | |||
Total bonds payable | 174,486,199 | 161,789,254 | 163,834,054 |
Long-term borrowings | |||
Total long-term borrowings | 24,279,386 | 10,221,175 | 5,556,796 |
Deferred tax liabilities | |||
Total deferred tax liabilities | 9,840,959 | 9,580,816 | 9,555,072 |
Other non-current liabilities | |||
Total other non-current liabilities | 9,800,920 | 10,195,352 | 9,968,192 |
Total non-current liabilities | 218,830,187 | 191,786,597 | 188,916,270 |
Total liabilities | 1,335,584,909 | 1,247,908,798 | 1,342,717,401 |
Equity | |||
Equity attributable to owners of parent | |||
Share capital | |||
Ordinary share | 173,287,383 | 156,382,881 | 159,932,881 |
Total capital stock | 173,287,383 | 156,382,881 | 159,932,881 |
Capital surplus | |||
Capital surplus, additional paid-in capital | |||
Total capital surplus, additional paid-in capital | 88,501,031 | 79,169,050 | 79,169,050 |
Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed | 1,578,233 | 0 | 0 |
Capital surplus, changes in equity of associates and joint ventures accounted for using equity method | 3,546,918 | 2,567,488 | 2,112,744 |
Capital Surplus, restricted stock | 0 | 0 | -3,550,000 |
Total capital surplus | 93,626,182 | 81,736,538 | 77,731,794 |
Retained earnings | |||
Legal reserve | 107,866,626 | 93,179,928 | 93,179,928 |
Unappropriated retained earnings (accumulated deficit) | |||
Total unappropriated retained earnings (accumulated deficit) | 603,246,462 | 616,227,711 | 563,856,735 |
Total retained earnings | 711,113,088 | 709,407,639 | 657,036,663 |
Other equity interest | |||
Exchange differences on translation of foreign financial statements | |||
Total exchange differences on translation of foreign financial statements | 918,342 | 52,934,288 | 69,613,544 |
Unrealized gains (losses) on available-for-sale financial assets | |||
Total unrealized gains (losses) on available-for-sale financial assets | 13,581,165 | 7,187,393 | 6,589,569 |
Total other equity interest | 14,499,507 | 60,121,681 | 76,203,113 |
Treasury shares | 18,901 | 18,901 | 18,901 |
Total equity attributable to owners of parent | 992,507,259 | 1,007,629,838 | 970,885,550 |
Non-controlling interests | 50,956,652 | 52,761,241 | 56,201,933 |
Total equity | 1,043,463,911 | 1,060,391,079 | 1,027,087,483 |
Total liabilities and equity | 2,379,048,820 | 2,308,299,877 | 2,369,804,884 |
Number of share capital awaiting retirement | 0 | 0 | 0 |
Equivalent issue shares of advance receipts for ordinary share | 0 | 0 | 0 |
Number of shares in entity held by entity and by its subsidiaries | 1,853,848 | 1,685,317 | 1,685,317 |
Income Statement
Accounting Title | 2016/3rd | 2015/3rd | 2016/01/01 To 2016/09/30 | 2015/01/01 To 2015/09/30 |
Statement of comprehensive income | ||||
Operating revenue | ||||
Total operating revenue | 1,075,348,211 | 1,065,601,878 | 2,955,494,349 | 3,052,432,520 |
Operating costs | ||||
Total operating costs | 995,325,276 | 989,079,754 | 2,752,405,100 | 2,833,445,148 |
Gross profit (loss) from operations | 80,022,935 | 76,522,124 | 203,089,249 | 218,987,372 |
Gross profit (loss) from operations | 80,022,935 | 76,522,124 | 203,089,249 | 218,987,372 |
Operating expenses | ||||
Selling expenses | ||||
Total selling expenses | 5,898,135 | 5,937,320 | 16,371,225 | 17,623,041 |
Administrative expenses | ||||
Total administrative expenses | 18,790,191 | 19,080,969 | 53,241,893 | 55,494,156 |
Research and development expenses | ||||
Total research and development expenses | 13,227,216 | 13,338,192 | 35,222,284 | 35,991,012 |
Total operating expenses | 37,915,542 | 38,356,481 | 104,835,402 | 109,108,209 |
Net operating income (loss) | 42,107,393 | 38,165,643 | 98,253,847 | 109,879,163 |
Non-operating income and expenses | ||||
Other income | ||||
Total other income | 14,029,753 | 8,724,009 | 36,362,694 | 22,845,510 |
Other gains and losses | ||||
Other gains and losses, net | -5,474,616 | 5,429,230 | -5,665,110 | 6,774,752 |
Finance costs | ||||
Finance costs, net | 7,835,518 | 4,811,440 | 18,459,077 | 12,895,488 |
Share of profit (loss) of associates and joint ventures accounted for using equity method | ||||
Share of profit (loss) of associates and joint ventures accounted for using equity method, net | 16,383 | 326,372 | -103,116 | 2,015,137 |
Total non-operating income and expenses | 736,002 | 9,668,171 | 12,135,391 | 18,739,911 |
Profit (loss) from continuing operations before tax | 42,843,395 | 47,833,814 | 110,389,238 | 128,619,074 |
Tax expense (income) | ||||
Total tax expense (income) | 7,582,574 | 8,975,747 | 29,504,461 | 32,107,772 |
Profit (loss) from continuing operations | 35,260,821 | 38,858,067 | 80,884,777 | 96,511,302 |
Profit (loss) | 35,260,821 | 38,858,067 | 80,884,777 | 96,511,302 |
Other comprehensive income | ||||
Components of other comprehensive income that will be reclassified to profit or loss | ||||
Exchange differences on translation | -27,344,410 | 35,287,757 | -54,633,127 | 7,471,300 |
Unrealised gains (losses) on valuation of available-for-sale financial assets | 7,761,355 | -16,761,210 | 4,498,644 | -16,607,422 |
Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will be reclassified to profit or loss | ||||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will be reclassified to profit or loss | 1,651,106 | -840,969 | 50,029 | -634,827 |
Components of other comprehensive income that will be reclassified to profit or loss | -17,931,949 | 17,685,578 | -50,084,454 | -9,770,949 |
Other comprehensive income, net | -17,931,949 | 17,685,578 | -50,084,454 | -9,770,949 |
Total comprehensive income | 17,328,872 | 56,543,645 | 30,800,323 | 86,740,353 |
Profit (loss), attributable to: | ||||
Profit (loss), attributable to owners of parent | 34,635,381 | 37,858,448 | 79,896,890 | 93,933,279 |
Profit (loss), attributable to non-controlling interests | 625,440 | 999,619 | 987,887 | 2,578,023 |
Comprehensive income attributable to: | ||||
Comprehensive income, attributable to owners of parent | 17,594,905 | 54,276,748 | 34,274,716 | 86,539,212 |
Comprehensive income, attributable to non-controlling interests | -266,033 | 2,266,897 | -3,474,393 | 201,141 |
Basic earnings per share | ||||
Basic earnings (loss) per share from continuing operations | 2.00 | 2.20 | 4.62 | 5.46 |
Total basic earnings per share | 2.00 | 2.20 | 4.62 | 5.46 |
Diluted earnings per share | ||||
Diluted earnings (loss) per share from continuing operations | 1.99 | 2.19 | 4.59 | 5.41 |
Total diluted earnings per share | 1.99 | 2.19 | 4.59 | 5.41 |
Statement of cash flows Statement of cash flows
Accounting Title | 2016/01/01To2016/09/30 | 2015/01/01To2015/09/30 |
Statement of cash flows | ||
Cash flows from (used in) operating activities, indirect method | ||
Profit (loss) from continuing operations before tax | 110,389,238 | 128,619,074 |
Profit (loss) before tax | 110,389,238 | 128,619,074 |
Adjustments | ||
Adjustments to reconcile profit (loss) | ||
Depreciation expense | 48,773,364 | 54,405,179 |
Amortization expense | 664,560 | 694,604 |
Provision (reversal of provision) for bad debt expense | 901,135 | 461,746 |
Net loss (gain) on financial assets or liabilities at fair value through profit or loss | 18,610,832 | 652,356 |
Interest expense | 18,448,569 | 12,889,381 |
Interest income | -24,802,922 | -17,835,789 |
Dividend income | -1,344,193 | -894,647 |
Share of loss (profit) of associates and joint ventures accounted for using equity method | 103,116 | -2,015,137 |
Loss (gain) on disposal of property, plan and equipment | -360,222 | -304,048 |
Loss (gain) on disposal of non-current assets classified as held for sale | 0 | -28,375 |
Loss (gain) on disposal of investments | 947,797 | -4,094,537 |
Impairment loss on non-financial assets | 0 | 4,961,680 |
Total adjustments to reconcile profit (loss) | 61,942,036 | 48,892,413 |
Changes in operating assets and liabilities | ||
Changes in operating assets | ||
Decrease (increase) in financial assets held for trading | -4,387,053 | -10,942,502 |
Decrease (increase) in notes receivable | 482,931 | 686,526 |
Decrease (increase) in accounts receivable | 54,360,399 | 204,068,204 |
Decrease (increase) in accounts receivable due from related parties | 4,417,174 | -473,394 |
Decrease (increase) in other receivable | 1,558,129 | 6,018,204 |
Decrease (increase) in inventories | 5,058,207 | -127,071,447 |
Decrease (increase) in prepaid expenses | 2,945,263 | -4,447,315 |
Total changes in operating assets | 64,435,050 | 67,838,276 |
Changes in operating liabilities | ||
Increase (decrease) in accounts payable | -11,378,509 | -30,234,342 |
Increase (decrease) in accounts payable to related parties | -299,571 | 3,195,064 |
Increase (decrease) in other payable | -3,117,540 | -18,530,744 |
Increase (decrease) in provisions | -6,638 | -92,006 |
Increase (decrease) in other current liabilities | -8,723,239 | -784,554 |
Increase (decrease) in net defined benefit liability | -7,205 | 17,543 |
Total changes in operating liabilities | -23,532,702 | -46,429,039 |
Total changes in operating assets and liabilities | 40,902,348 | 21,409,237 |
Total adjustments | 102,844,384 | 70,301,650 |
Cash inflow (outflow) generated from operations | 213,233,622 | 198,920,724 |
Income taxes refund (paid) | -38,368,722 | -39,309,447 |
Net cash flows from (used in) operating activities | 174,864,900 | 159,611,277 |
Cash flows from (used in) investing activities | ||
Acquisition of financial assets at fair value through profit or loss, designated as upon initial recognition | 0 | -6,500,000 |
Acquisition of available-for-sale financial assets | -39,374,312 | -2,473,186 |
Proceeds from disposal of available-for-sale financial assets | 1,884,927 | 4,500,534 |
Acquisition of financial assets at cost | -13,314,175 | -11,140,057 |
Proceeds from disposal of financial assets at cost | 7,656 | 9,089 |
Acquisition of investments accounted for using equity method | -61,054,168 | -5,903,722 |
Proceeds from capital reduction of investments accounted for using equity method | 0 | 297,760 |
Proceeds from disposal of non-current assets classified as held for sale | 0 | 3,433,375 |
Acquisition of property, plant and equipment | -36,501,904 | -39,192,856 |
Proceeds from disposal of property, plant and equipment | 1,108,028 | 3,744,981 |
Increase in other receivables due from related parties | -895,668 | -949,984 |
Acquisition of intangible assets | 0 | -56,610 |
Increase in other financial assets | -58,110,937 | -11,085,823 |
Increase in other non-current assets | 436,947 | -19,054,829 |
Increase in other prepayments | -6,981,448 | -126,666 |
Interest received | 19,710,841 | 16,798,368 |
Dividends received | 3,445,831 | 894,647 |
Other investing activities | -486,043 | -421,528 |
Net cash flows from (used in) investing activities | -190,124,425 | -67,226,507 |
Cash flows from (used in) financing activities | ||
Increase in short-term loans | 6,951,191 | 0 |
Decrease in short-term loans | 0 | -142,318,684 |
Increase in short-term notes and bills payable | 22,576,132 | 0 |
Proceeds from issuing bonds | 49,360,000 | 42,012,658 |
Repayments of bonds | -14,857,456 | -13,500,000 |
Proceeds from long-term debt | 570,500 | 1,266,833 |
Repayments of long-term debt | -6,866,013 | -7,982,873 |
Increase in other non-current liabilities | 98,816 | 376,549 |
Interest paid | -13,792,305 | -11,317,351 |
Change in non-controlling interests | 343,217 | 1,555,223 |
Net cash flows from (used in) financing activities | 44,384,082 | -129,907,645 |
Effect of exchange rate changes on cash and cash equivalents | -33,164,907 | 5,732,338 |
Net increase (decrease) in cash and cash equivalents | -4,040,350 | -31,790,537 |
Cash and cash equivalents at beginning of period | 657,137,721 | 679,037,301 |
Cash and cash equivalents at end of period | 653,097,371 | 647,246,764 |
Cash and cash equivalents reported in the statement of financial position | 653,097,371 | 647,246,764 |
Statements of Changes in Stockholders' Equity
Independent Auditors' Report
2016/09/30 Statement of Stockholders' Equity
Unit: NT$ thousand
Ordinary share | Total share capital | Capital surplus | Legal reserve | Unappropriated retained earnings (accumulated deficit) | Total retained earnings | Exchange differences on translation of foreign financial statements | Unrealized gains (losses) on available-for-sale financial assets | Others | Total other equity interest | Treasury shares | Total equity attributable to owners of parent | Non-controlling interests | Total equity | |
Equity at beginning of period | 156,382,881 | 156,382,881 | 81,736,538 | 93,179,928 | 616,227,711 | 709,407,639 | 52,934,288 | 7,187,393 | 0 | 60,121,681 | -18,901 | 1,007,629,838 | 52,761,241 | 1,060,391,079 |
Legal reserve appropriated | 0 | 0 | 0 | 14,686,698 | -14,686,698 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash dividends of ordinary share | 0 | 0 | 0 | 0 | -62,553,153 | -62,553,153 | 0 | 0 | 0 | 0 | 0 | -62,553,153 | 0 | -62,553,153 |
Stock dividends of ordinary share | 15,638,288 | 15,638,288 | 0 | 0 | -15,638,288 | -15,638,288 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | 979,430 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 979,430 | 0 | 979,430 |
Profit (loss) | 0 | 0 | 0 | 0 | 79,896,890 | 79,896,890 | 0 | 0 | 0 | 0 | 0 | 79,896,890 | 987,887 | 80,884,777 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | -52,015,946 | 6,393,772 | 0 | -45,622,174 | 0 | -45,622,174 | -4,462,280 | -50,084,454 |
Total comprehensive income | 0 | 0 | 0 | 0 | 79,896,890 | 79,896,890 | -52,015,946 | 6,393,772 | 0 | -45,622,174 | 0 | 34,274,716 | -3,474,393 | 30,800,323 |
Changes in ownership interests in subsidiaries | 0 | 0 | 1,578,233 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,578,233 | 0 | 1,578,233 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,669,804 | 1,669,804 |
Share-based payments | 1,266,214 | 1,266,214 | 9,331,981 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,598,195 | 0 | 10,598,195 |
Total increase (decrease) in equity | 16,904,502 | 16,904,502 | 11,889,644 | 14,686,698 | -12,981,249 | 1,705,449 | -52,015,946 | 6,393,772 | 0 | -45,622,174 | 0 | -15,122,579 | -1,804,589 | -16,927,168 |
Equity at end of period | 173,287,383 | 173,287,383 | 93,626,182 | 107,866,626 | 603,246,462 | 711,113,088 | 918,342 | 13,581,165 | 0 | 14,499,507 | -18,901 | 992,507,259 | 50,956,652 | 1,043,463,911 |
2015/09/30 Statement of Stockholders' Equity
Unit: NT$ thousand
Ordinary share | Total share capital | Capital surplus | Legal reserve | Unappropriated retained earnings (accumulated deficit) | Total retained earnings | Exchange differences on translation of foreign financial statements | Unrealized gains (losses) on available-for-sale financial assets | Others | Total other equity interest | Treasury shares | Total equity attributable to owners of parent | Non-controlling interests | Total equity | |
Equity at beginning of period | 147,934,068 | 147,934,068 | 71,659,908 | 80,126,455 | 546,932,523 | 627,058,978 | 59,610,235 | 23,986,945 | 0 | 83,597,180 | -18,901 | 930,231,233 | 54,445,569 | 984,676,802 |
Legal reserve appropriated | 0 | 0 | 0 | 13,053,473 | -13,053,473 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash dividends of ordinary share | 0 | 0 | 0 | 0 | -56,214,946 | -56,214,946 | 0 | 0 | 0 | 0 | 0 | -56,214,946 | 0 | -56,214,946 |
Stock dividends of ordinary share | 7,396,703 | 7,396,703 | 0 | 0 | -7,396,703 | -7,396,703 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | 1,277,084 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,277,084 | 0 | 1,277,084 |
Profit (loss) | 0 | 0 | 0 | 0 | 93,933,279 | 93,933,279 | 0 | 0 | 0 | 0 | 0 | 93,933,279 | 2,578,023 | 96,511,302 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | 10,003,309 | -17,397,376 | 0 | -7,394,067 | 0 | -7,394,067 | -2,376,882 | -9,770,949 |
Total comprehensive income | 0 | 0 | 0 | 0 | 93,933,279 | 93,933,279 | 10,003,309 | -17,397,376 | 0 | -7,394,067 | 0 | 86,539,212 | 201,141 | 86,740,353 |
Issue of ordinary share, others | 3,550,000 | 3,550,000 | 17,831,955 | 0 | 0 | 0 | 0 | 0 | -21,381,955 | -21,381,955 | 0 | 0 | 0 | 0 |
Changes in ownership interests in subsidiaries | 0 | 0 | -1,589 | 0 | -343,945 | -343,945 | 0 | 0 | 0 | 0 | 0 | -345,534 | 0 | -345,534 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,555,223 | 1,555,223 |
Share-based payments | 1,052,110 | 1,052,110 | 8,346,391 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,398,501 | 0 | 9,398,501 |
Others | 0 | 0 | -21,381,955 | 0 | 0 | 0 | 0 | 0 | 21,381,955 | 21,381,955 | 0 | 0 | 0 | 0 |
Total increase (decrease) in equity | 11,998,813 | 11,998,813 | 6,071,886 | 13,053,473 | 16,924,212 | 29,977,685 | 10,003,309 | -17,397,376 | 0 | -7,394,067 | 0 | 40,654,317 | 1,756,364 | 42,410,681 |
Equity at end of period | 159,932,881 | 159,932,881 | 77,731,794 | 93,179,928 | 563,856,735 | 657,036,663 | 69,613,544 | 6,589,569 | 0 | 76,203,113 | -18,901 | 970,885,550 | 56,201,933 | 1,027,087,483 |