Last checked at 3 Apr 2018 07:00
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS
2017 4th IFRS Consolidated Financial Statements Document Preview
Unit: NT$ thousand
Accounting Title | 2017/12/31 | 2016/12/31 |
Balance Sheet | ||
Assets | ||
Current assets | ||
Cash and cash equivalents | ||
Total cash and cash equivalents | 642,496,059 | 633,155,301 |
Current financial assets at fair value through profit or loss | ||
Total current financial assets at fair value through profit or loss | 7,009,541 | 13,652,363 |
Current available-for-sale financial assets | ||
Current available-for-sale financial assets, net | 290 | 462,334 |
Accounts receivable, net | ||
Accounts receivable, net | 1,150,428,069 | 699,077,030 |
Accounts receivable due from related parties, net | ||
Accounts receivable due from related parties, net | 80,066,388 | 31,980,845 |
Other receivables | ||
Other receivables, net | 67,700,725 | 43,349,232 |
Other receivables due from related parties | ||
Other receivables due from related parties, net | 82,627,493 | 2,400,508 |
Inventories | ||
Total inventories | 560,954,855 | 387,274,061 |
Prepayments | ||
Total prepayments | 20,328,111 | 13,085,503 |
Other current assets | ||
Total other current assets | 134,524,586 | 106,764,202 |
Total current assets | 2,746,136,117 | 1,931,201,379 |
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 | 3,040,601 | 5,998,337 |
Non-current available-for-sale financial assets | ||
Non-current available-for-sale financial assets, net | 70,868,132 | 112,495,564 |
Non-current financial assets at cost | ||
Non-current financial assets at cost, net | 49,861,639 | 32,467,460 |
Non-current bond investment without active market | ||
Total Non-current investments in debt instrument without active market | 4,571,100 | 0 |
Investments accounted for using equity method | ||
Investments accounted for using equity method, net | 151,000,283 | 142,527,340 |
Property, plant and equipment | ||
Total property, plant and equipment | 278,204,005 | 309,202,470 |
Investment property, net | ||
Investment property, net | 2,422,523 | 2,525,291 |
Intangible assets | ||
Total intangible assets | 9,552,444 | 10,532,956 |
Deferred tax assets | 15,048,377 | 14,590,713 |
Other non-current assets | ||
Total other non-current assets | 76,511,392 | 30,501,430 |
Total non-current assets | 661,080,496 | 660,841,561 |
Total assets | 3,407,216,613 | 2,592,042,940 |
Liabilities and equity | ||
Liabilities | ||
Current liabilities | ||
Short-term borrowings | ||
Total short-term borrowings | 418,835,146 | 171,472,143 |
Short-term notes and bills payable | ||
Total short-term notes and bills payable | 10,960,269 | 15,990,844 |
Current financial liabilities at fair value through profit or loss | ||
Total current financial liabilities at fair value through profit or loss | 6,486,348 | 11,555,900 |
Accounts payable | ||
Total accounts payable | 1,119,169,644 | 679,055,257 |
Accounts payable to related parties | ||
Total accounts payable to related parties | 97,315,119 | 30,607,929 |
Other payables | ||
Total other payables | 255,696,126 | 218,417,857 |
Current tax liabilities | 38,439,140 | 30,653,702 |
Current provisions | ||
Total current provisions | 4,796,498 | 2,983,036 |
Other current liabilities | ||
Total other current liabilities | 73,803,977 | 91,908,563 |
Total current liabilities | 2,025,502,267 | 1,252,645,231 |
Non-current liabilities | ||
Bonds payable | ||
Total bonds payable | 168,495,189 | 153,302,845 |
Long-term borrowings | ||
Total long-term borrowings | 19,984,818 | 24,929,793 |
Deferred tax liabilities | ||
Total deferred tax liabilities | 12,541,548 | 18,607,586 |
Other non-current liabilities | ||
Total other non-current liabilities | 8,900,336 | 8,768,887 |
Total non-current liabilities | 209,921,891 | 205,609,111 |
Total liabilities | 2,235,424,158 | 1,458,254,342 |
Equity | ||
Equity attributable to owners of parent | ||
Share capital | ||
Ordinary share | 173,287,383 | 173,287,383 |
Total capital stock | 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 |
Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed | 3,300,393 | 1,168,232 |
Capital surplus, changes in equity of associates and joint ventures accounted for using equity method | 4,972,207 | 3,377,348 |
Capital surplus, share options | 1,099,253 | 0 |
Total capital surplus | 97,872,884 | 93,046,611 |
Retained earnings | ||
Legal reserve | 122,732,924 | 107,866,626 |
Unappropriated retained earnings (accumulated deficit) | ||
Total unappropriated retained earnings (accumulated deficit) | 717,885,835 | 672,059,408 |
Total retained earnings | 840,618,759 | 779,926,034 |
Other equity interest | ||
Exchange differences on translation of foreign financial statements | ||
Total exchange differences on translation of foreign financial statements | -56,320,437 | -7,741,467 |
Unrealized gains (losses) on available-for-sale financial assets | ||
Total unrealized gains (losses) on available-for-sale financial assets | 28,781,127 | 40,249,734 |
Total other equity interest | -27,539,310 | 32,508,267 |
Treasury shares | 18,901 | 18,901 |
Total equity attributable to owners of parent | 1,084,220,815 | 1,078,749,394 |
Non-controlling interests | 87,571,640 | 55,039,204 |
Total equity | 1,171,792,455 | 1,133,788,598 |
Total liabilities and equity | 3,407,216,613 | 2,592,042,940 |
Number of share capital awaiting retirement | 0 | 0 |
Equivalent issue shares of advance receipts for ordinary share | 0 | 0 |
Number of shares in entity held by entity and by its subsidiaries | 1,853,848 | 1,853,848 |
Accounting Title | 2017/4th | 2016/4th |
Statement of comprehensive income | ||
Operating revenue | ||
Total operating revenue | 4,706,736,096 | 4,358,733,357 |
Operating costs | ||
Total operating costs | 4,403,729,149 | 4,037,148,377 |
Gross profit (loss) from operations | 303,006,947 | 321,584,980 |
Gross profit (loss) from operations | 303,006,947 | 321,584,980 |
Operating expenses | ||
Selling expenses | ||
Total selling expenses | 29,501,197 | 22,514,532 |
Administrative expenses | ||
Total administrative expenses | 79,154,165 | 72,990,688 |
Research and development expenses | ||
Total research and development expenses | 81,781,154 | 51,140,259 |
Total operating expenses | 190,436,516 | 146,645,479 |
Net operating income (loss) | 112,570,431 | 174,939,501 |
Non-operating income and expenses | ||
Other income | ||
Total other income | 52,830,252 | 50,122,333 |
Other gains and losses | ||
Other gains and losses, net | 45,649,591 | -1,368,997 |
Finance costs | ||
Finance costs, net | 38,994,404 | 26,570,546 |
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 | 10,816,753 | 827,454 |
Total non-operating income and expenses | 70,302,192 | 23,010,244 |
Profit (loss) from continuing operations before tax | 182,872,623 | 197,949,745 |
Tax expense (income) | ||
Total tax expense (income) | 47,498,095 | 46,592,581 |
Profit (loss) from continuing operations | 135,374,528 | 151,357,164 |
Profit (loss) | 135,374,528 | 151,357,164 |
Other comprehensive income | ||
Components of other comprehensive income that will not be reclassified to profit or loss | ||
Gains (losses) on remeasurements of defined benefit plans | -54,572 | 57,705 |
Income tax related to components of other comprehensive income that will not be reclassified to profit or loss | -9,277 | 9,810 |
Components of other comprehensive income that will not be reclassified to profit or loss | -45,295 | 47,895 |
Components of other comprehensive income that will be reclassified to profit or loss | ||
Exchange differences on translation | -47,527,350 | -64,150,871 |
Unrealised gains (losses) on valuation of available-for-sale financial assets | -19,885,300 | 35,086,135 |
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 | 4,873,253 | 3,994,754 |
Income tax related to components of other comprehensive income that will be reclassified to profit or loss | -6,192,134 | 6,192,134 |
Components of other comprehensive income that will be reclassified to profit or loss | -56,347,263 | -31,262,116 |
Other comprehensive income, net | -56,392,558 | -31,214,221 |
Total comprehensive income | 78,981,970 | 120,142,943 |
Profit (loss), attributable to: | ||
Profit (loss), attributable to owners of parent | 138,734,401 | 148,662,983 |
Profit (loss), attributable to non-controlling interests | -3,359,873 | 2,694,181 |
Comprehensive income attributable to: | ||
Comprehensive income, attributable to owners of parent | 78,641,529 | 121,097,464 |
Comprehensive income, attributable to non-controlling interests | 340,441 | -954,521 |
Basic earnings per share | ||
Basic earnings (loss) per share from continuing operations | 8.01 | 8.60 |
Total basic earnings per share | 8.01 | 8.60 |
Diluted earnings per share | ||
Diluted earnings (loss) per share from continuing operations | 7.91 | 8.52 |
Total diluted earnings per share | 7.91 | 8.52 |
Accounting Title | 2017/4th | 2016/4th |
Statement of cash flows | ||
Cash flows from (used in) operating activities, indirect method | ||
Profit (loss) from continuing operations before tax | 182,872,623 | 197,949,745 |
Profit (loss) before tax | 182,872,623 | 197,949,745 |
Adjustments | ||
Adjustments to reconcile profit (loss) | ||
Depreciation expense | 59,736,585 | 62,407,931 |
Amortization expense | 1,263,825 | 878,847 |
Provision (reversal of provision) for bad debt expense | 2,056,114 | 1,009,719 |
Net loss (gain) on financial assets or liabilities at fair value through profit or loss | 21,402,244 | 8,316,405 |
Interest expense | 38,742,136 | 26,549,974 |
Interest income | -46,305,757 | -36,236,935 |
Dividend income | -1,202,077 | -1,392,767 |
Share of loss (profit) of associates and joint ventures accounted for using equity method | -10,816,753 | -827,454 |
Loss (gain) on disposal of property, plan and equipment | 22,420 | -396,486 |
Loss (gain) on disposal of investments | -66,182,488 | 475,050 |
Impairment loss on financial assets | 6,542,022 | 667,558 |
Reversal of impairment loss on non-financial assets | 0 | -346,236 |
Total adjustments to reconcile profit (loss) | 5,258,271 | 61,105,606 |
Changes in operating assets and liabilities | ||
Changes in operating assets | ||
Decrease (increase) in financial assets held for trading | -6,191,988 | -2,784,565 |
Decrease (increase) in notes receivable | 33,912 | 533,287 |
Decrease (increase) in accounts receivable | -449,242,401 | -133,021,000 |
Decrease (increase) in accounts receivable due from related parties | -51,527,913 | -5,777,569 |
Decrease (increase) in other receivable | -30,688,932 | 5,962,954 |
Decrease (increase) in inventories | -173,680,794 | 39,839,835 |
Decrease (increase) in prepaid expenses | -7,242,608 | 1,358,792 |
Total changes in operating assets | -718,540,724 | -93,888,266 |
Changes in operating liabilities | ||
Increase (decrease) in accounts payable | 440,114,387 | 60,405,312 |
Increase (decrease) in accounts payable to related parties | 66,707,190 | -254,606 |
Increase (decrease) in other payable | 24,668,730 | 20,118,335 |
Increase (decrease) in provisions | 1,813,462 | 650,154 |
Increase (decrease) in other current liabilities | -2,164,466 | -30,069,029 |
Increase (decrease) in net defined benefit liability | -26,561 | -64,123 |
Total changes in operating liabilities | 531,112,742 | 50,786,043 |
Total changes in operating assets and liabilities | -187,427,982 | -43,102,223 |
Total adjustments | -182,169,711 | 18,003,383 |
Cash inflow (outflow) generated from operations | 702,912 | 215,953,128 |
Income taxes refund (paid) | -40,044,225 | -41,932,394 |
Net cash flows from (used in) operating activities | -39,341,313 | 174,020,734 |
Cash flows from (used in) investing activities | ||
Acquisition of financial assets at fair value through profit or loss, designated as upon initial recognition | -10,679,250 | -7,996,500 |
Acquisition of available-for-sale financial assets | -154,752 | -40,479,644 |
Proceeds from disposal of available-for-sale financial assets | 4,232,224 | 1,949,812 |
Acquisition of investments in debt instrument without active market | -4,571,100 | 0 |
Acquisition of financial assets at cost | -26,843,966 | -15,093,750 |
Proceeds from disposal of financial assets at cost | 1,354,203 | 7,656 |
Acquisition of investments accounted for using equity method | -731,379 | -63,030,417 |
Proceeds from disposal of investments accounted for using equity method | 0 | 276,400 |
Net cash flow from acquisition of subsidiaries | 0 | -5,482,763 |
Proceeds from capital reduction of investments accounted for using equity method | 964,799 | 0 |
Acquisition of property, plant and equipment | -60,384,846 | -53,204,353 |
Proceeds from disposal of property, plant and equipment | 9,994,734 | 2,319,840 |
Increase in other receivables due from related parties | 0 | -4,838 |
Decrease in other receivables due from related parties | 330,498 | 0 |
Increase in other financial assets | -27,776,193 | -56,221,575 |
Increase in other non-current assets | 757,069 | 408,428 |
Increase in other prepayments | -545,816 | -7,530,037 |
Interest received | 43,690,301 | 27,521,419 |
Dividends received | 5,464,796 | 5,032,100 |
Other investing activities | -92,074 | -605,700 |
Net cash flows from (used in) investing activities | -64,990,752 | -212,133,922 |
Cash flows from (used in) financing activities | ||
Increase in short-term loans | 247,363,003 | 101,238,934 |
Increase in short-term notes and bills payable | 0 | 9,000,000 |
Decrease in short-term notes and bills payable | -5,030,000 | 0 |
Proceeds from issuing bonds | 54,202,207 | 52,360,000 |
Repayments of bonds | -58,589,080 | -24,918,350 |
Proceeds from long-term debt | 12,896,069 | 1,086,000 |
Repayments of long-term debt | -9,159,975 | -6,985,906 |
Increase in other non-current liabilities | 367,786 | 464,812 |
Cash dividends paid | -77,979,322 | -62,553,153 |
Interest paid | -34,839,842 | -18,673,292 |
Change in non-controlling interests | 17,009,053 | 926,444 |
Net cash flows from (used in) financing activities | 146,239,899 | 51,945,489 |
Effect of exchange rate changes on cash and cash equivalents | -32,567,076 | -37,814,721 |
Net increase (decrease) in cash and cash equivalents | 9,340,758 | -23,982,420 |
Cash and cash equivalents at beginning of period | 633,155,301 | 657,137,721 |
Cash and cash equivalents at end of period | 642,496,059 | 633,155,301 |
Cash and cash equivalents reported in the statement of financial position | 642,496,059 | 633,155,301 |
2017/12/31 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 | 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 |
Due to recognition of equity component of convertible bonds (preference share) issued | 0 | 0 | 1,099,253 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,099,253 | 0 | 1,099,253 |
Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | 1,594,859 | 0 | -17,059 | -17,059 | 0 | 0 | 0 | 0 | 1,577,800 | 0 | 1,577,800 |
Profit (loss) | 0 | 0 | 0 | 0 | 138,734,401 | 138,734,401 | 0 | 0 | 0 | 0 | 138,734,401 | -3,359,873 | 135,374,528 |
Other comprehensive income | 0 | 0 | 0 | 0 | -45,295 | -45,295 | -48,578,970 | -11,468,607 | -60,047,577 | 0 | -60,092,872 | 3,700,314 | -56,392,558 |
Total comprehensive income | 0 | 0 | 0 | 0 | 138,689,106 | 138,689,106 | -48,578,970 | -11,468,607 | -60,047,577 | 0 | 78,641,529 | 340,441 | 78,981,970 |
Changes in ownership interests in subsidiaries | 0 | 0 | 2,132,161 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,132,161 | 0 | 2,132,161 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,191,995 | 32,191,995 |
Total increase (decrease) in equity | 0 | 0 | 4,826,273 | 14,866,298 | 45,826,427 | 60,692,725 | -48,578,970 | -11,468,607 | -60,047,577 | 0 | 5,471,421 | 32,532,436 | 38,003,857 |
Equity | 173,287,383 | 173,287,383 | 97,872,884 | 122,732,924 | 717,885,835 | 840,618,759 | -56,320,437 | 28,781,127 | -27,539,310 | -18,901 | 1,084,220,815 | 87,571,640 | 1,171,792,455 |
2016/12/31 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 | 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 | 809,860 | 0 | -1,042 | -1,042 | 0 | 0 | 0 | 0 | 808,818 | 0 | 808,818 |
Profit (loss) | 0 | 0 | 0 | 0 | 148,662,983 | 148,662,983 | 0 | 0 | 0 | 0 | 148,662,983 | 2,694,181 | 151,357,164 |
Other comprehensive income | 0 | 0 | 0 | 0 | 47,895 | 47,895 | -60,675,755 | 33,062,341 | -27,613,414 | 0 | -27,565,519 | -3,648,702 | -31,214,221 |
Total comprehensive income | 0 | 0 | 0 | 0 | 148,710,878 | 148,710,878 | -60,675,755 | 33,062,341 | -27,613,414 | 0 | 121,097,464 | -954,521 | 120,142,943 |
Changes in ownership interests in subsidiaries | 0 | 0 | 1,168,232 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,168,232 | 0 | 1,168,232 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,232,484 | 3,232,484 |
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 | 11,310,073 | 14,686,698 | 55,831,697 | 70,518,395 | -60,675,755 | 33,062,341 | -27,613,414 | 0 | 71,119,556 | 2,277,963 | 73,397,519 |
Equity | 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 |