Last checked at 14 Nov 2017 10:49
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS
2017 3rd IFRS Consolidated Financial Statements
Accounting Title | 2017/09/30 | 2016/12/31 | 2016/09/30 |
Balance Sheet | |||
Assets | |||
Current assets | |||
Cash and cash equivalents | |||
Total cash and cash equivalents | 613,157,572 | 633,155,301 | 653,097,371 |
Current financial assets at fair value through profit or loss | |||
Total current financial assets at fair value through profit or loss | 5,735,886 | 13,652,363 | 639,014 |
Current available-for-sale financial assets | |||
Current available-for-sale financial assets, net | 622,408 | 462,334 | 511,430 |
Accounts receivable, net | |||
Accounts receivable, net | 633,048,553 | 699,077,030 | 509,864,184 |
Accounts receivable due from related parties, net | |||
Accounts receivable due from related parties, net | 59,367,158 | 31,980,845 | 21,786,102 |
Other receivables | |||
Other receivables, net | 63,512,521 | 45,749,740 | 47,328,832 |
Inventories | |||
Total inventories | 519,472,559 | 387,274,061 | 419,566,810 |
Prepayments | |||
Total prepayments | 14,301,121 | 13,085,503 | 11,499,032 |
Other current assets | |||
Total other current assets | 136,311,250 | 106,764,202 | 108,691,422 |
Total current assets | 2,045,529,028 | 1,931,201,379 | 1,772,984,197 |
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 | 3,178,695 | 5,998,337 | 0 |
Non-current available-for-sale financial assets | |||
Non-current available-for-sale financial assets, net | 169,959,954 | 112,495,564 | 79,464,206 |
Non-current financial assets at cost | |||
Non-current financial assets at cost, net | 47,074,620 | 32,467,460 | 30,841,321 |
Investments accounted for using equity method | |||
Investments accounted for using equity method, net | 138,911,332 | 142,527,340 | 135,101,968 |
Property, plant and equipment | |||
Total property, plant and equipment | 297,492,912 | 309,202,470 | 306,954,132 |
Investment property, net | |||
Investment property, net | 2,349,393 | 2,525,291 | 2,622,930 |
Intangible assets | |||
Total intangible assets | 9,731,127 | 10,532,956 | 2,811,481 |
Deferred tax assets | 16,873,275 | 14,590,713 | 18,387,726 |
Other non-current assets | |||
Total other non-current assets | 31,554,300 | 30,501,430 | 29,880,859 |
Total non-current assets | 717,125,608 | 660,841,561 | 606,064,623 |
Total assets | 2,762,654,636 | 2,592,042,940 | 2,379,048,820 |
Liabilities and equity | |||
Liabilities | |||
Current liabilities | |||
Short-term borrowings | |||
Total short-term borrowings | 304,622,456 | 171,472,143 | 77,184,400 |
Short-term notes and bills payable | |||
Total short-term notes and bills payable | 9,767,222 | 15,990,844 | 29,576,132 |
Current financial liabilities at fair value through profit or loss | |||
Total current financial liabilities at fair value through profit or loss | 770,467 | 11,555,900 | 8,809,930 |
Accounts payable | |||
Total accounts payable | 685,869,582 | 679,055,257 | 601,817,501 |
Accounts payable to related parties | |||
Total accounts payable to related parties | 64,983,995 | 30,607,929 | 30,562,964 |
Other payables | |||
Total other payables | 221,348,553 | 218,417,857 | 248,143,241 |
Current tax liabilities | 18,466,580 | 30,653,702 | 23,643,864 |
Current provisions | |||
Total current provisions | 4,206,132 | 2,983,036 | 2,326,244 |
Other current liabilities | |||
Total other current liabilities | 95,406,033 | 91,908,563 | 94,690,446 |
Total current liabilities | 1,405,441,020 | 1,252,645,231 | 1,116,754,722 |
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 | 0 | 0 | 422,723 |
Bonds payable | |||
Total bonds payable | 150,321,255 | 153,302,845 | 174,486,199 |
Long-term borrowings | |||
Total long-term borrowings | 12,404,308 | 24,929,793 | 24,279,386 |
Deferred tax liabilities | |||
Total deferred tax liabilities | 28,832,008 | 18,607,586 | 9,840,959 |
Other non-current liabilities | |||
Total other non-current liabilities | 9,018,437 | 8,768,887 | 9,800,920 |
Total non-current liabilities | 200,576,008 | 205,609,111 | 218,830,187 |
Total liabilities | 1,606,017,028 | 1,458,254,342 | 1,335,584,909 |
Equity | |||
Equity attributable to owners of parent | |||
Share capital | |||
Ordinary share | 173,287,383 | 173,287,383 | 173,287,383 |
Total capital stock | 173,287,383 | 173,287,383 | 173,287,383 |
Capital surplus | |||
Capital surplus, additional paid-in capital | |||
Total capital surplus, additional paid-in capital | 88,501,031 | 88,501,031 | 88,501,031 |
Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed | 4,845,329 | 1,168,232 | 1,578,233 |
Capital surplus, changes in equity of associates and joint ventures accounted for using equity method | 2,359,661 | 3,377,348 | 3,546,918 |
Total capital surplus | 95,706,021 | 93,046,611 | 93,626,182 |
Retained earnings | |||
Legal reserve | 122,732,924 | 107,866,626 | 107,866,626 |
Unappropriated retained earnings (accumulated deficit) | |||
Total unappropriated retained earnings (accumulated deficit) | 646,289,599 | 672,059,408 | 603,246,462 |
Total retained earnings | 769,022,523 | 779,926,034 | 711,113,088 |
Other equity interest | |||
Exchange differences on translation of foreign financial statements | |||
Total exchange differences on translation of foreign financial statements | -50,605,814 | -7,741,467 | 918,342 |
Unrealized gains (losses) on available-for-sale financial assets | |||
Total unrealized gains (losses) on available-for-sale financial assets | 82,571,508 | 40,249,734 | 13,581,165 |
Total other equity interest | 31,965,694 | 32,508,267 | 14,499,507 |
Treasury shares | 18,901 | 18,901 | 18,901 |
Total equity attributable to owners of parent | 1,069,962,720 | 1,078,749,394 | 992,507,259 |
Non-controlling interests | 86,674,888 | 55,039,204 | 50,956,652 |
Total equity | 1,156,637,608 | 1,133,788,598 | 1,043,463,911 |
Total liabilities and equity | 2,762,654,636 | 2,592,042,940 | 2,379,048,820 |
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 | 1,853,848 | 1,853,848 |
Accounting Title | 2017/3rd | 2016/3rd | 2017/01/01To 2017/09/30 | 2016/01/01To 2016/09/30 |
Statement of comprehensive income | ||||
Operating revenue | ||||
Total operating revenue | 1,078,891,633 | 1,075,348,211 | 2,976,347,954 | 2,955,494,349 |
Operating costs | ||||
Total operating costs | 1,015,949,316 | 995,325,276 | 2,778,906,598 | 2,752,405,100 |
Gross profit (loss) from operations | 62,942,317 | 80,022,935 | 197,441,356 | 203,089,249 |
Gross profit (loss) from operations | 62,942,317 | 80,022,935 | 197,441,356 | 203,089,249 |
Operating expenses | ||||
Selling expenses | ||||
Total selling expenses | 6,494,720 | 5,898,135 | 18,076,448 | 16,371,225 |
Administrative expenses | ||||
Total administrative expenses | 19,444,211 | 18,790,191 | 53,163,318 | 53,241,893 |
Research and development expenses | ||||
Total research and development expenses | 18,287,442 | 13,227,216 | 46,044,526 | 35,222,284 |
Total operating expenses | 44,226,373 | 37,915,542 | 117,284,292 | 104,835,402 |
Net operating income (loss) | 18,715,944 | 42,107,393 | 80,157,064 | 98,253,847 |
Non-operating income and expenses | ||||
Other income | ||||
Total other income | 14,545,638 | 14,029,753 | 38,724,820 | 36,362,694 |
Other gains and losses | ||||
Other gains and losses, net | -1,559,511 | -5,474,616 | -10,473,863 | -5,665,110 |
Finance costs | ||||
Finance costs, net | 10,398,374 | 7,835,518 | 27,148,768 | 18,459,077 |
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 | 3,843,075 | 16,383 | 5,977,372 | -103,116 |
Total non-operating income and expenses | 6,430,828 | 736,002 | 7,079,561 | 12,135,391 |
Profit (loss) from continuing operations before tax | 25,146,772 | 42,843,395 | 87,236,625 | 110,389,238 |
Tax expense (income) | ||||
Total tax expense (income) | 5,481,622 | 7,582,574 | 23,445,253 | 29,504,461 |
Profit (loss) from continuing operations | 19,665,150 | 35,260,821 | 63,791,372 | 80,884,777 |
Profit (loss) | 19,665,150 | 35,260,821 | 63,791,372 | 80,884,777 |
Other comprehensive income | ||||
Components of other comprehensive income that will be reclassified to profit or loss | ||||
Exchange differences on translation | 7,199,091 | -27,344,410 | -37,589,253 | -54,633,127 |
Unrealised gains (losses) on valuation of available-for-sale financial assets | -13,530,434 | 7,761,355 | 47,508,317 | 4,498,644 |
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 | -7,951,463 | 1,651,106 | -1,074,334 | 50,029 |
Income tax related to components of other comprehensive income that will be reclassified to profit or loss | -3,540,050 | 0 | 4,711,135 | 0 |
Components of other comprehensive income that will be reclassified to profit or loss | -10,742,756 | -17,931,949 | 4,133,595 | -50,084,454 |
Other comprehensive income, net | -10,742,756 | -17,931,949 | 4,133,595 | -50,084,454 |
Total comprehensive income | 8,922,394 | 17,328,872 | 67,924,967 | 30,800,323 |
Profit (loss), attributable to: | ||||
Profit (loss), attributable to owners of parent | 21,028,838 | 34,635,381 | 67,075,811 | 79,896,890 |
Profit (loss), attributable to non-controlling interests | -1,363,688 | 625,440 | -3,284,439 | 987,887 |
Comprehensive income attributable to: | ||||
Comprehensive income, attributable to owners of parent | 6,080,064 | 17,594,905 | 66,533,238 | 34,274,716 |
Comprehensive income, attributable to non-controlling interests | 2,842,330 | -266,033 | 1,391,729 | -3,474,393 |
Basic earnings per share | ||||
Basic earnings (loss) per share from continuing operations | 1.21 | 2.00 | 3.87 | 4.62 |
Total basic earnings per share | 1.21 | 2.00 | 3.87 | 4.62 |
Diluted earnings per share | ||||
Diluted earnings (loss) per share from continuing operations | 1.21 | 1.99 | 3.86 | 4.59 |
Total diluted earnings per share | 1.21 | 1.99 | 3.86 | 4.59 |
Accounting Title | 2017/01/01To 2017/09/30 | 2016/01/01To 2016/09/30 |
Statement of cash flows | ||
Cash flows from (used in) operating activities, indirect method | ||
Profit (loss) from continuing operations before tax | 87,236,625 | 110,389,238 |
Profit (loss) before tax | 87,236,625 | 110,389,238 |
Adjustments | ||
Adjustments to reconcile profit (loss) | ||
Depreciation expense | 43,252,555 | 48,773,364 |
Amortization expense | 942,586 | 664,560 |
Provision (reversal of provision) for bad debt expense | 95,738 | 901,135 |
Net loss (gain) on financial assets or liabilities at fair value through profit or loss | 14,143,231 | 18,610,832 |
Interest expense | 27,035,741 | 18,448,569 |
Interest income | -33,029,043 | -24,802,922 |
Dividend income | -1,071,704 | -1,344,193 |
Share of loss (profit) of associates and joint ventures accounted for using equity method | -5,977,372 | 103,116 |
Loss (gain) on disposal of property, plan and equipment | -31,989 | -360,222 |
Loss (gain) on disposal of investments | -776,034 | 947,797 |
Impairment loss on financial assets | 5,048,957 | 0 |
Total adjustments to reconcile profit (loss) | 49,632,666 | 61,942,036 |
Changes in operating assets and liabilities | ||
Changes in operating assets | ||
Decrease (increase) in financial assets held for trading | -12,802,895 | -4,387,053 |
Decrease (increase) in notes receivable | 316,924 | 482,931 |
Decrease (increase) in accounts receivable | 65,726,304 | 54,360,399 |
Decrease (increase) in accounts receivable due from related parties | -27,386,313 | 4,417,174 |
Decrease (increase) in other receivable | -17,534,306 | 1,558,129 |
Decrease (increase) in inventories | -132,198,498 | 5,058,207 |
Decrease (increase) in prepaid expenses | -1,215,618 | 2,945,263 |
Total changes in operating assets | -125,094,402 | 64,435,050 |
Changes in operating liabilities | ||
Increase (decrease) in accounts payable | 6,814,326 | -11,378,509 |
Increase (decrease) in accounts payable to related parties | 34,376,065 | -299,571 |
Increase (decrease) in other payable | -820,646 | -3,117,540 |
Increase (decrease) in provisions | 1,223,096 | -6,638 |
Increase (decrease) in other current liabilities | -452,731 | -8,723,239 |
Increase (decrease) in net defined benefit liability | -81,261 | -7,205 |
Total changes in operating liabilities | 41,058,849 | -23,532,702 |
Total changes in operating assets and liabilities | -84,035,553 | 40,902,348 |
Total adjustments | -34,402,887 | 102,844,384 |
Cash inflow (outflow) generated from operations | 52,833,738 | 213,233,622 |
Income taxes refund (paid) | -32,461,650 | -38,368,722 |
Net cash flows from (used in) operating activities | 20,372,088 | 174,864,900 |
Cash flows from (used in) investing activities | ||
Acquisition of financial assets at fair value through profit or loss, designated as upon initial recognition | -1,389,650 | 0 |
Acquisition of available-for-sale financial assets | -157,352 | -39,374,312 |
Proceeds from disposal of available-for-sale financial assets | 862,226 | 1,884,927 |
Acquisition of financial assets at cost | -22,025,289 | -13,314,175 |
Proceeds from disposal of financial assets at cost | 228,571 | 7,656 |
Acquisition of investments accounted for using equity method | -570,702 | -61,054,168 |
Proceeds from capital reduction of investments accounted for using equity method | 791,383 | 0 |
Acquisition of property, plant and equipment | -36,569,773 | -36,501,904 |
Proceeds from disposal of property, plant and equipment | 2,422,218 | 1,108,028 |
Increase in other receivables due from related parties | 224,181 | -895,668 |
Increase in other financial assets | -29,564,014 | -58,110,937 |
Increase in other non-current assets | -1,049,429 | 436,947 |
Increase in other prepayments | -508,314 | -6,981,448 |
Interest received | 32,576,387 | 19,710,841 |
Dividends received | 4,185,108 | 3,445,831 |
Other investing activities | -262,511 | -486,043 |
Net cash flows from (used in) investing activities | -50,806,960 | -190,124,425 |
Cash flows from (used in) financing activities | ||
Increase in short-term loans | 133,150,313 | 6,951,191 |
Increase in short-term notes and bills payable | 0 | 22,576,132 |
Decrease in short-term notes and bills payable | -6,223,622 | 0 |
Proceeds from issuing bonds | 31,465,700 | 49,360,000 |
Repayments of bonds | -30,818,500 | -14,857,456 |
Proceeds from long-term debt | 4,849,199 | 570,500 |
Repayments of long-term debt | -9,040,082 | -6,866,013 |
Increase in other non-current liabilities | 645,385 | 98,816 |
Cash dividends paid | -77,979,322 | 0 |
Interest paid | -26,052,980 | -13,792,305 |
Change in non-controlling interests | 11,306,156 | 343,217 |
Net cash flows from (used in) financing activities | 31,302,247 | 44,384,082 |
Effect of exchange rate changes on cash and cash equivalents | -20,865,104 | -33,164,907 |
Net increase (decrease) in cash and cash equivalents | -19,997,729 | -4,040,350 |
Cash and cash equivalents at beginning of period | 633,155,301 | 657,137,721 |
Cash and cash equivalents at end of period | 613,157,572 | 653,097,371 |
Cash and cash equivalents reported in the statement of financial position | 613,157,572 | 653,097,371 |
2017/09/30 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 | Total other equity interest | Treasury shares | Total equity attributable to owners of parent | Non-controlling interests | Total equity | |
Equity at beginning of period | 173,287,383 | 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 | 14,866,298 | -14,866,298 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash dividends of ordinary share | 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 | -1,017,687 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,017,687 | 0 | -1,017,687 |
Profit (loss) | 0 | 0 | 0 | 0 | 67,075,811 | 67,075,811 | 0 | 0 | 0 | 0 | 67,075,811 | -3,284,439 | 63,791,372 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | -42,864,347 | 42,321,774 | -542,573 | 0 | -542,573 | 4,676,168 | 4,133,595 |
Total comprehensive income | 0 | 0 | 0 | 0 | 67,075,811 | 67,075,811 | -42,864,347 | 42,321,774 | -542,573 | 0 | 66,533,238 | 1,391,729 | 67,924,967 |
Changes in ownership interests in subsidiaries | 0 | 0 | 3,677,097 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,677,097 | 11,306,156 | 14,983,253 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,937,799 | 18,937,799 |
Total increase (decrease) in equity | 0 | 0 | 2,659,410 | 14,866,298 | -25,769,809 | -10,903,511 | -42,864,347 | 42,321,774 | -542,573 | 0 | -8,786,674 | 31,635,684 | 22,849,010 |
Equity at end of period | 173,287,383 | 173,287,383 | 95,706,021 | 122,732,924 | 646,289,599 | 769,022,523 | -50,605,814 | 82,571,508 | 31,965,694 | -18,901 | 1,069,962,720 | 86,674,888 | 1,156,637,608 |
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 | 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 | 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 |
Cash dividends of ordinary share | 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 | 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 | 979,430 | 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 | 79,896,890 | 987,887 | 80,884,777 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | -52,015,946 | 6,393,772 | -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 | -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 | 1,578,233 | 0 | 1,578,233 |
Changes in non-controlling interests | 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 | 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 | -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 | 14,499,507 | -18,901 | 992,507,259 | 50,956,652 | 1,043,463,911 |