Last checked at 14 Aug 2017 10:11
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS
2017 2nd IFRS Consolidated Financial Statements
Unit: NT$ thousand
Accounting Title | 2017/06/30 | 2016/12/31 | 2016/06/30 |
Balance Sheet | |||
Assets | |||
Current assets | |||
Cash and cash equivalents | |||
Total cash and cash equivalents | 595,905,894 | 633,155,301 | 629,265,253 |
Current financial assets at fair value through profit or loss | |||
Total current financial assets at fair value through profit or loss | 8,829,844 | 13,652,363 | 812,511 |
Current available-for-sale financial assets | |||
Current available-for-sale financial assets, net | 556,260 | 462,334 | 521,046 |
Accounts receivable, net | |||
Accounts receivable, net | 502,291,087 | 699,077,030 | 420,140,906 |
Accounts receivable due from related parties, net | |||
Accounts receivable due from related parties, net | 52,063,448 | 31,980,845 | 15,811,044 |
Other receivables | |||
Other receivables, net | 46,861,728 | 45,749,740 | 48,938,097 |
Inventories | |||
Total inventories | 375,334,239 | 387,274,061 | 370,696,608 |
Prepayments | |||
Total prepayments | 14,843,385 | 13,085,503 | 13,784,406 |
Other current assets | |||
Total other current assets | 137,827,046 | 106,764,202 | 133,865,989 |
Total current assets | 1,734,512,931 | 1,931,201,379 | 1,633,835,860 |
Non-current assets | |||
Non-current financial assets at fair value through profit or loss | |||
Total non-current financial assets at fair value through profit or loss | 3,883,019 | 5,998,337 | 0 |
Non-current available-for-sale financial assets | |||
Non-current available-for-sale financial assets, net | 186,889,881 | 112,495,564 | 33,331,834 |
Non-current financial assets at cost | |||
Non-current financial assets at cost, net | 33,954,586 | 32,467,460 | 23,264,051 |
Investments accounted for using equity method | |||
Investments accounted for using equity method, net | 143,730,503 | 142,527,340 | 73,444,010 |
Property, plant and equipment | |||
Total property, plant and equipment | 294,006,017 | 309,202,470 | 317,172,144 |
Investment property, net | |||
Investment property, net | 2,430,118 | 2,525,291 | 2,742,137 |
Intangible assets | |||
Total intangible assets | 10,067,842 | 10,532,956 | 2,990,911 |
Deferred tax assets | 16,463,460 | 14,590,713 | 17,654,859 |
Other non-current assets | |||
Total other non-current assets | 31,639,439 | 30,501,430 | 53,944,990 |
Total non-current assets | 723,064,865 | 660,841,561 | 524,544,936 |
Total assets | 2,457,577,796 | 2,592,042,940 | 2,158,380,796 |
Liabilities and equity | |||
Liabilities | |||
Current liabilities | |||
Short-term borrowings | |||
Total short-term borrowings | 165,275,140 | 171,472,143 | 83,644,765 |
Short-term notes and bills payable | |||
Total short-term notes and bills payable | 1,200,000 | 15,990,844 | 27,673,850 |
Current financial liabilities at fair value through profit or loss | |||
Total current financial liabilities at fair value through profit or loss | 2,326,261 | 11,555,900 | 4,185,435 |
Accounts payable | |||
Total accounts payable | 508,191,976 | 679,055,257 | 462,388,897 |
Accounts payable to related parties | |||
Total accounts payable to related parties | 54,813,636 | 30,607,929 | 24,852,047 |
Other payables | |||
Total other payables | 272,522,600 | 218,417,857 | 224,497,114 |
Current tax liabilities | 23,096,419 | 30,653,702 | 25,942,837 |
Current provisions | |||
Total current provisions | 3,279,398 | 2,983,036 | 2,307,808 |
Other current liabilities | |||
Total other current liabilities | 103,008,645 | 91,908,563 | 102,252,435 |
Total current liabilities | 1,133,714,075 | 1,252,645,231 | 957,745,188 |
Non-current liabilities | |||
Bonds payable | |||
Total bonds payable | 129,809,899 | 153,302,845 | 147,278,891 |
Long-term borrowings | |||
Total long-term borrowings | 22,150,379 | 24,929,793 | 8,678,504 |
Deferred tax liabilities | |||
Total deferred tax liabilities | 29,983,650 | 18,607,586 | 9,641,518 |
Other non-current liabilities | |||
Total other non-current liabilities | 9,059,945 | 8,768,887 | 9,968,970 |
Total non-current liabilities | 191,003,873 | 205,609,111 | 175,567,883 |
Total liabilities | 1,324,717,948 | 1,458,254,342 | 1,133,313,071 |
Equity | |||
Equity attributable to owners of parent | |||
Share capital | |||
Ordinary share | 173,287,383 | 173,287,383 | 156,382,881 |
Stock dividend to be distributed | 0 | 0 | 26,236,483 |
Total capital stock | 173,287,383 | 173,287,383 | 182,619,364 |
Capital surplus | |||
Capital surplus, additional paid-in capital | |||
Total capital surplus, additional paid-in capital | 88,501,031 | 88,501,031 | 79,169,050 |
Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed | 1,044,425 | 1,168,232 | 1,520,505 |
Capital surplus, changes in equity of associates and joint ventures accounted for using equity method | 2,466,640 | 3,377,348 | 2,864,245 |
Total capital surplus | 92,012,096 | 93,046,611 | 83,553,800 |
Retained earnings | |||
Legal reserve | 122,732,924 | 107,866,626 | 107,866,626 |
Unappropriated retained earnings (accumulated deficit) | |||
Total unappropriated retained earnings (accumulated deficit) | 625,260,761 | 672,059,408 | 568,611,081 |
Total retained earnings | 747,993,685 | 779,926,034 | 676,477,707 |
Other equity interest | |||
Exchange differences on translation of foreign financial statements | |||
Total exchange differences on translation of foreign financial statements | -51,370,381 | -7,741,467 | 27,609,475 |
Unrealized gains (losses) on available-for-sale financial assets | |||
Total unrealized gains (losses) on available-for-sale financial assets | 98,284,849 | 40,249,734 | 3,930,508 |
Total other equity interest | 46,914,468 | 32,508,267 | 31,539,983 |
Treasury shares | 18,901 | 18,901 | 18,901 |
Total equity attributable to owners of parent | 1,060,188,731 | 1,078,749,394 | 974,171,953 |
Non-controlling interests | 72,671,117 | 55,039,204 | 50,895,772 |
Total equity | 1,132,859,848 | 1,133,788,598 | 1,025,067,725 |
Total liabilities and equity | 2,457,577,796 | 2,592,042,940 | 2,158,380,796 |
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 | 1,853,848 | 1,685,317 |
Accounting Title | 2017/2nd | 2016/2nd | 2017/01/01To 2017/06/30 | 2016/01/01To 2016/06/30 |
Statement of comprehensive income | ||||
Operating revenue | ||||
Total operating revenue | 922,412,465 | 922,136,921 | 1,897,456,321 | 1,880,146,138 |
Operating costs | ||||
Total operating costs | 859,638,042 | 866,647,080 | 1,762,957,282 | 1,757,079,824 |
Gross profit (loss) from operations | 62,774,423 | 55,489,841 | 134,499,039 | 123,066,314 |
Gross profit (loss) from operations | 62,774,423 | 55,489,841 | 134,499,039 | 123,066,314 |
Operating expenses | ||||
Selling expenses | ||||
Total selling expenses | 5,479,436 | 5,136,777 | 11,581,728 | 10,473,090 |
Administrative expenses | ||||
Total administrative expenses | 17,676,081 | 17,644,254 | 33,719,107 | 34,451,702 |
Research and development expenses | ||||
Total research and development expenses | 14,667,512 | 11,887,020 | 27,757,084 | 21,995,068 |
Total operating expenses | 37,823,029 | 34,668,051 | 73,057,919 | 66,919,860 |
Net operating income (loss) | 24,951,394 | 20,821,790 | 61,441,120 | 56,146,454 |
Non-operating income and expenses | ||||
Other income | ||||
Total other income | 11,112,256 | 13,479,441 | 24,179,182 | 22,332,941 |
Other gains and losses | ||||
Other gains and losses, net | -3,366,709 | 2,500,829 | -8,914,352 | -190,494 |
Finance costs | ||||
Finance costs, net | 8,248,951 | 5,332,718 | 16,750,394 | 10,623,559 |
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 | 1,203,607 | -229,447 | 2,134,297 | -119,499 |
Total non-operating income and expenses | 700,203 | 10,418,105 | 648,733 | 11,399,389 |
Profit (loss) from continuing operations before tax | 25,651,597 | 31,239,895 | 62,089,853 | 67,545,843 |
Tax expense (income) | ||||
Total tax expense (income) | 10,732,821 | 13,164,799 | 17,963,631 | 21,921,887 |
Profit (loss) from continuing operations | 14,918,776 | 18,075,096 | 44,126,222 | 45,623,956 |
Profit (loss) | 14,918,776 | 18,075,096 | 44,126,222 | 45,623,956 |
Other comprehensive income | ||||
Components of other comprehensive income that will be reclassified to profit or loss | ||||
Exchange differences on translation | 12,195,863 | -19,245,851 | -44,788,344 | -27,288,717 |
Unrealised gains (losses) on valuation of available-for-sale financial assets | -4,245,905 | -1,593,733 | 61,038,751 | -3,262,711 |
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 | 754,596 | -973,709 | 6,877,129 | -1,601,077 |
Income tax related to components of other comprehensive income that will be reclassified to profit or loss | -1,769,514 | 0 | 8,251,185 | 0 |
Components of other comprehensive income that will be reclassified to profit or loss | 10,474,068 | -21,813,293 | 14,876,351 | -32,152,505 |
Other comprehensive income, net | 10,474,068 | -21,813,293 | 14,876,351 | -32,152,505 |
Total comprehensive income | 25,392,844 | -3,738,197 | 59,002,573 | 13,471,451 |
Profit (loss), attributable to: | ||||
Profit (loss), attributable to owners of parent | 17,879,442 | 17,684,751 | 46,046,973 | 45,261,509 |
Profit (loss), attributable to non-controlling interests | -2,960,666 | 390,345 | -1,920,751 | 362,447 |
Comprehensive income attributable to: | ||||
Comprehensive income, attributable to owners of parent | 26,658,353 | -677,126 | 60,453,174 | 16,679,811 |
Comprehensive income, attributable to non-controlling interests | -1,265,509 | -3,061,071 | -1,450,601 | -3,208,360 |
Basic earnings per share | ||||
Basic earnings (loss) per share from continuing operations | 1.03 | 1.02 | 2.66 | 2.62 |
Total basic earnings per share | 1.03 | 1.02 | 2.66 | 2.62 |
Diluted earnings per share | ||||
Diluted earnings (loss) per share from continuing operations | 1.02 | 1.02 | 2.64 | 2.61 |
Total diluted earnings per share | 1.02 | 1.02 | 2.64 | 2.61 |
Accounting Title | 2017/01/01To 2017/06/30 | 2016/01/01To 2016/06/30 |
Statement of cash flows | ||
Cash flows from (used in) operating activities, indirect method | ||
Profit (loss) from continuing operations before tax | 62,089,853 | 67,545,843 |
Profit (loss) before tax | 62,089,853 | 67,545,843 |
Adjustments | ||
Adjustments to reconcile profit (loss) | ||
Depreciation expense | 26,258,486 | 33,962,822 |
Amortization expense | 626,037 | 448,854 |
Provision (reversal of provision) for bad debt expense | -15,337 | 0 |
Net loss (gain) on financial assets or liabilities at fair value through profit or loss | 12,306,229 | 10,837,476 |
Interest expense | 16,701,120 | 10,620,052 |
Interest income | -20,662,037 | -14,553,517 |
Dividend income | -419,943 | -261,910 |
Share of loss (profit) of associates and joint ventures accounted for using equity method | -2,134,297 | 119,499 |
Loss (gain) on disposal of property, plan and equipment | 152,556 | -277,318 |
Loss (gain) on disposal of investments | 362,833 | 184,498 |
Impairment loss on financial assets | 5,048,957 | 0 |
Total adjustments to reconcile profit (loss) | 38,224,604 | 41,080,456 |
Changes in operating assets and liabilities | ||
Changes in operating assets | ||
Decrease (increase) in financial assets held for trading | -14,848,431 | -1,834,412 |
Decrease (increase) in notes receivable | 143,587 | 360,417 |
Decrease (increase) in accounts receivable | 196,657,693 | 144,206,191 |
Decrease (increase) in accounts receivable due from related parties | -20,082,603 | 10,392,232 |
Decrease (increase) in other receivable | -1,280,579 | -670,919 |
Decrease (increase) in inventories | 10,500,956 | 53,928,409 |
Decrease (increase) in prepaid expenses | -1,757,882 | 659,889 |
Total changes in operating assets | 169,332,741 | 207,041,807 |
Changes in operating liabilities | ||
Increase (decrease) in accounts payable | -170,863,281 | -150,807,113 |
Increase (decrease) in accounts payable to related parties | 24,205,707 | -6,010,488 |
Increase (decrease) in other payable | -24,149,848 | -25,111,485 |
Increase (decrease) in provisions | 296,362 | -25,074 |
Increase (decrease) in other current liabilities | 5,790,709 | -10,100,323 |
Increase (decrease) in net defined benefit liability | -83,627 | -5,686 |
Total changes in operating liabilities | -164,803,978 | -192,060,169 |
Total changes in operating assets and liabilities | 4,528,763 | 14,981,638 |
Total adjustments | 42,753,367 | 56,062,094 |
Cash inflow (outflow) generated from operations | 104,843,220 | 123,607,937 |
Income taxes refund (paid) | -24,268,782 | -27,953,749 |
Net cash flows from (used in) operating activities | 80,574,438 | 95,654,188 |
Cash flows from (used in) investing activities | ||
Proceeds from disposal of financial assets at fair value through profit or loss, designated as upon initial recognition | 250,400 | 0 |
Acquisition of available-for-sale financial assets | -158,184 | -77,453 |
Proceeds from disposal of available-for-sale financial assets | 621,697 | 1,893,484 |
Acquisition of financial assets at cost | -8,606,999 | -4,853,463 |
Proceeds from disposal of financial assets at cost | 335,100 | 7,656 |
Acquisition of investments accounted for using equity method | -125,688 | -258,123 |
Proceeds from capital reduction of investments accounted for using equity method | 786,903 | 280,855 |
Acquisition of property, plant and equipment | -20,939,041 | -24,699,762 |
Proceeds from disposal of property, plant and equipment | 1,594,841 | 1,073,965 |
Increase in other receivables due from related parties | 228,225 | -966,975 |
Increase in other financial assets | -31,108,288 | -83,285,015 |
Decrease in other financial assets | 0 | 7,577 |
Increase in other non-current assets | -2,046,693 | 530,971 |
Increase in other prepayments | -484,086 | -1,205,452 |
Interest received | 20,602,403 | 11,053,661 |
Dividends received | 419,943 | 261,910 |
Other investing activities | -250,050 | -29,805,465 |
Net cash flows from (used in) investing activities | -38,879,517 | -130,041,629 |
Cash flows from (used in) financing activities | ||
Increase in short-term loans | 0 | 13,411,556 |
Decrease in short-term loans | -6,197,003 | 0 |
Increase in short-term notes and bills payable | 0 | 20,700,000 |
Decrease in short-term notes and bills payable | -14,790,844 | 0 |
Proceeds from issuing bonds | 9,000,000 | 9,000,000 |
Repayments of bonds | -24,131,036 | -9,131,160 |
Proceeds from long-term debt | 3,207,353 | 469,500 |
Repayments of long-term debt | -5,187,494 | -6,785,169 |
Increase in other non-current liabilities | 710,410 | 174,769 |
Interest paid | -16,276,441 | -8,003,044 |
Change in non-controlling interests | 794,175 | 558,731 |
Net cash flows from (used in) financing activities | -52,870,880 | 20,395,183 |
Effect of exchange rate changes on cash and cash equivalents | -26,073,448 | -13,880,210 |
Net increase (decrease) in cash and cash equivalents | -37,249,407 | -27,872,468 |
Cash and cash equivalents at beginning of period | 633,155,301 | 657,137,721 |
Cash and cash equivalents at end of period | 595,905,894 | 629,265,253 |
Cash and cash equivalents reported in the statement of financial position | 595,905,894 | 629,265,253 |
2017/06/30 Statement of Stockholders' Equity
Unit: NT$ thousand
Ordinary share | Stock dividend to be distributed | 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 | Total other equity interest | Treasury shares | Total equity attributable to owners of parent | Non-controlling interests | Total equity | |
Equity | 173,287,383 | 0 | 173,287,383 | 93,046,611 | 107,866,626 | 672,059,408 | 779,926,034 | -7,741,467 | 40,249,734 | 32,508,267 | -18,901 | 1,078,749,394 | 55,039,204 | 1,133,788,598 |
Legal reserve appropriated | 0 | 0 | 0 | 0 | 14,866,298 | -14,866,298 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash dividends of ordinary share | 0 | 0 | 0 | 0 | 0 | -77,979,322 | -77,979,322 | 0 | 0 | 0 | 0 | -77,979,322 | 0 | -77,979,322 |
Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | 0 | -910,708 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -910,708 | 0 | -910,708 |
Profit (loss) | 0 | 0 | 0 | 0 | 0 | 46,046,973 | 46,046,973 | 0 | 0 | 0 | 0 | 46,046,973 | -1,920,751 | 44,126,222 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43,628,914 | 58,035,115 | 14,406,201 | 0 | 14,406,201 | 470,150 | 14,876,351 |
Total comprehensive income | 0 | 0 | 0 | 0 | 0 | 46,046,973 | 46,046,973 | -43,628,914 | 58,035,115 | 14,406,201 | 0 | 60,453,174 | -1,450,601 | 59,002,573 |
Changes in ownership interests in subsidiaries | 0 | 0 | 0 | -123,807 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -123,807 | 794,175 | 670,368 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,288,339 | 18,288,339 |
Total increase (decrease) in equity | 0 | 0 | 0 | -1,034,515 | 14,866,298 | -46,798,647 | -31,932,349 | -43,628,914 | 58,035,115 | 14,406,201 | 0 | -18,560,663 | 17,631,913 | -928,750 |
Equity | 173,287,383 | 0 | 173,287,383 | 92,012,096 | 122,732,924 | 625,260,761 | 747,993,685 | -51,370,381 | 98,284,849 | 46,914,468 | -18,901 | 1,060,188,731 | 72,671,117 | 1,132,859,848 |
2016/06/30 Statement of Stockholders' Equity
Unit: NT$ thousand
Ordinary share | Stock dividend to be distributed | 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 | Total other equity interest | Treasury shares | Total equity attributable to owners of parent | Non-controlling interests | Total equity | |
Equity | 156,382,881 | 0 | 156,382,881 | 81,736,538 | 93,179,928 | 616,227,711 | 709,407,639 | 52,934,288 | 7,187,393 | 60,121,681 | -18,901 | 1,007,629,838 | 52,761,241 | 1,060,391,079 |
Legal reserve appropriated | 0 | 0 | 0 | 0 | 14,686,698 | -14,686,698 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash dividends of ordinary share | 0 | 0 | 0 | 0 | 0 | -62,553,153 | -62,553,153 | 0 | 0 | 0 | 0 | -62,553,153 | 0 | -62,553,153 |
Stock dividends of ordinary share | 0 | 15,638,288 | 15,638,288 | 0 | 0 | -15,638,288 | -15,638,288 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | 0 | 296,757 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 296,757 | 0 | 296,757 |
Profit (loss) | 0 | 0 | 0 | 0 | 0 | 45,261,509 | 45,261,509 | 0 | 0 | 0 | 0 | 45,261,509 | 362,447 | 45,623,956 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,324,813 | -3,256,885 | -28,581,698 | 0 | -28,581,698 | -3,570,807 | -32,152,505 |
Total comprehensive income | 0 | 0 | 0 | 0 | 0 | 45,261,509 | 45,261,509 | -25,324,813 | -3,256,885 | -28,581,698 | 0 | 16,679,811 | -3,208,360 | 13,471,451 |
Changes in ownership interests in subsidiaries | 0 | 0 | 0 | 1,520,505 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,520,505 | 558,731 | 2,079,236 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 784,160 | 784,160 |
Share-based payments | 0 | 10,598,195 | 10,598,195 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,598,195 | 0 | 10,598,195 |
Total increase (decrease) in equity | 0 | 26,236,483 | 26,236,483 | 1,817,262 | 14,686,698 | -47,616,630 | -32,929,932 | -25,324,813 | -3,256,885 | -28,581,698 | 0 | -33,457,885 | -1,865,469 | -35,323,354 |
Equity | 156,382,881 | 26,236,483 | 182,619,364 | 83,553,800 | 107,866,626 | 568,611,081 | 676,477,707 | 27,609,475 | 3,930,508 | 31,539,983 | -18,901 | 974,171,953 | 50,895,772 | 1,025,067,725 |