Last checked at 13 Nov 2020 09:17
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS
2020 3rd IFRSs Consolidated Financial Statements
Unit: NT$ thousand
Balance Sheet
Code | Accounting Title | 2020/9/30 | 2019/12/31 | 2019/9/30 |
Assets | ||||
Current assets | ||||
1100 | Cash and cash equivalents | 1,018,518,545 | 857,864,362 | 788,552,993 |
1110 | Current financial assets at fair value through profit or loss | 2,283,769 | 2,952,049 | 2,687,789 |
1136 | Current financial assets at amortised cost | 56,982,365 | 52,954,877 | 80,674,247 |
1170 | Accounts receivable, net | 674,576,103 | 987,278,438 | 973,106,359 |
1180 | Accounts receivable due from related parties, net | 42,466,691 | 44,754,604 | 52,969,656 |
1200 | Other receivables | 66,239,294 | 67,854,299 | 71,788,948 |
1210 | Other receivables due from related parties | 7,020,715 | 24,366,543 | 29,532,400 |
130X | Current inventories | 707,992,299 | 515,772,177 | 690,816,511 |
1410 | Prepayments | 20,411,757 | 19,895,574 | 19,866,243 |
11XX | Total current assets | 2,596,491,538 | 2,573,692,923 | 2,709,995,146 |
Non-current assets | ||||
1510 | Non-current financial assets at fair value through profit or loss | 89,046,993 | 82,660,725 | 80,915,973 |
1517 | Non-current financial assets at fair value through other comprehensive income | 65,025,269 | 68,807,217 | 66,888,731 |
1535 | Non-current financial assets at amortised cost | 19,190,490 | 12,528,569 | 14,172,490 |
1550 | Investments accounted for using equity method | 164,428,944 | 168,631,642 | 170,025,603 |
1600 | Property, plant and equipment | 278,138,570 | 287,523,253 | 272,040,082 |
1755 | Right-of-use assets | 45,359,435 | 46,760,340 | 41,020,423 |
1760 | Investment property, net | 10,111,512 | 4,419,912 | 4,591,843 |
1780 | Intangible assets | 39,175,542 | 41,380,353 | 29,963,422 |
1840 | Deferred tax assets | 23,088,696 | 18,701,465 | 16,671,351 |
1900 | Other non-current assets | 14,041,943 | 15,835,299 | 8,796,992 |
15XX | Total non-current assets | 747,607,394 | 747,248,775 | 705,086,910 |
1XXX | Total assets | 3,344,098,932 | 3,320,941,698 | 3,415,082,056 |
Liabilities and equity | ||||
Liabilities | ||||
Current liabilities | ||||
2100 | Current borrowings | 435,373,222 | 380,866,050 | 427,896,910 |
2110 | Short-term notes and bills payable | 53,336,806 | 30,528,296 | 33,715,348 |
2120 | Current financial liabilities at fair value through profit or loss | 1,405,078 | 1,881,685 | 1,831,892 |
2170 | Accounts payable | 856,816,144 | 870,678,994 | 975,435,641 |
2180 | Accounts payable to related parties | 28,856,701 | 35,509,127 | 43,124,578 |
2200 | Other payables | 207,025,813 | 217,732,729 | 213,699,184 |
2230 | Current tax liabilities | 18,512,527 | 18,531,289 | 22,700,301 |
2250 | Current provisions | 2,632,722 | 2,725,293 | 2,546,871 |
2280 | Current lease liabilities | 8,244,367 | 7,131,038 | 5,979,730 |
2300 | Other current liabilities | 124,804,098 | 91,876,860 | 69,554,887 |
21XX | Total current liabilities | 1,737,007,478 | 1,657,461,361 | 1,796,485,342 |
Non-current liabilities | ||||
2500 | Non-current financial liabilities at fair value through profit or loss | 1,650 | 0 | 6,300 |
2530 | Bonds payable | 158,033,607 | 175,505,344 | 181,220,286 |
2540 | Non-current portion of non-current borrowings | 27,075,056 | 41,576,252 | 52,463,172 |
2550 | Non-current provisions | 384,614 | 369,953 | 0 |
2570 | Deferred tax liabilities | 20,651,693 | 18,261,509 | 20,205,461 |
2580 | Non-current lease liabilities | 19,820,124 | 20,875,343 | 16,551,314 |
2600 | Other non-current liabilities | 9,408,965 | 7,266,519 | 7,051,102 |
25XX | Total non-current liabilities | 235,375,709 | 263,854,920 | 277,497,635 |
2XXX | Total liabilities | 1,972,383,187 | 1,921,316,281 | 2,073,982,977 |
Equity | ||||
Equity attributable to owners of parent | ||||
Share capital | ||||
3110 | Ordinary share | 138,629,906 | 138,629,906 | 138,629,906 |
3100 | Total Share Capital | 138,629,906 | 138,629,906 | 138,629,906 |
Capital surplus | ||||
3210 | Capital surplus, additional paid-in capital | 88,501,031 | 88,501,031 | 88,501,031 |
3230 | Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed | 0 | 0 | 0 |
3235 | Capital Surplus, changes in ownership interests in subsidiaries | 102,598,404 | 99,189,558 | 94,147,189 |
3250 | Capital surplus, donated assets received | 0 | 0 | 0 |
3260 | Capital surplus, changes in equity of associates and joint ventures accounted for using equity method | 10,092,638 | 10,593,529 | 10,944,906 |
3271 | Capital surplus, employee share options | 0 | 0 | 0 |
3272 | Capital surplus, share options | 1,099,253 | 1,099,253 | 1,099,253 |
3273 | Capital Surplus, restricted stock | 0 | 0 | 0 |
3280 | Capital surplus, others | 0 | 0 | 0 |
3200 | Total capital surplus | 202,291,326 | 199,383,371 | 194,692,379 |
Retained earnings | ||||
3310 | Legal reserve | 161,043,748 | 149,512,874 | 149,512,874 |
3320 | Special reserve | 102,451,720 | 60,309,927 | 60,309,927 |
3350 | Unappropriated retained earnings (accumulated deficit) | 734,359,887 | 794,615,182 | 745,389,080 |
3300 | Total retained earnings | 997,855,355 | 1,004,437,983 | 955,211,881 |
Other equity interest | ||||
3410 | Exchange differences on translation of foreign financial statements | (139,388,384) | (113,889,466) | (86,080,108) |
3420 | Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income | 11,511,403 | 11,437,746 | 4,246,979 |
3400 | Total other equity interest | (127,876,981) | (102,451,720) | (81,833,129) |
3500 | Treasury shares | (15,194) | (15,194) | (15,194) |
31XX | Total equity attributable to owners of parent | 1,210,884,412 | 1,239,984,346 | 1,206,685,843 |
36XX | Non-controlling interests | 160,831,333 | 159,641,071 | 134,413,236 |
3XXX | Total equity | 1,371,715,745 | 1,399,625,417 | 1,341,099,079 |
3X2X | Total liabilities and equity | 3,344,098,932 | 3,320,941,698 | 3,415,082,056 |
3997 | Number of share capital awaiting retirement | 0 | 0 | 0 |
3998 | Equivalent issue shares of advance receipts for ordinary share | 0 | 0 | 0 |
3999 | Number of shares in entity held by entity and by its subsidiaries | 1,483,078 | 1,483,078 | 1,483,078 |
Unit: NT$ thousands EPS Unit: NT$
Statement of Comprehensive Income
Code | Accounting Title | 2020/7/1To9/30 | 2019/7/1To9/30 | 2020/1/1To9/30 | 2019/1/1To9/30 |
Operating revenue | |||||
4000 | Total operating revenue | 1,291,541,100 | 1,387,792,029 | 3,349,011,129 | 3,601,878,654 |
Operating costs | |||||
5000 | Total operating costs | 1,211,442,464 | 1,304,409,807 | 3,160,467,869 | 3,398,587,556 |
5900 | Gross profit (loss) from operations | 80,098,636 | 83,382,222 | 188,543,260 | 203,291,098 |
5950 | Gross profit (loss) from operations | 80,098,636 | 83,382,222 | 188,543,260 | 203,291,098 |
Operating expenses | |||||
6100 | Selling expenses | 6,820,449 | 7,966,593 | 17,641,612 | 22,429,221 |
6200 | Administrative expenses | 17,188,699 | 19,742,626 | 49,268,216 | 56,111,172 |
6300 | Research and development expenses | 23,711,465 | 22,181,549 | 62,261,638 | 59,601,589 |
6000 | Total operating expenses | 47,720,613 | 49,890,768 | 129,171,466 | 138,141,982 |
6900 | Net operating income (loss) | 32,378,023 | 33,491,454 | 59,371,794 | 65,149,116 |
Non-operating income and expenses | |||||
Interest income | |||||
7100 | Total interest income | 10,287,767 | 18,854,647 | 37,907,112 | 54,860,653 |
Other income | |||||
7010 | Total other income | 5,070,313 | 7,823,821 | 8,636,095 | 12,049,796 |
Other gains and losses | |||||
7020 | Other gains and losses, net | 776,131 | (6,095,326) | 5,913,511 | 2,119,902 |
Finance costs | |||||
7050 | Finance costs, net | 9,308,328 | 16,680,840 | 32,565,233 | 47,313,254 |
Share of profit (loss) of associates and joint ventures accounted for using equity method | |||||
7060 | Share of profit (loss) of associates and joint ventures accounted for using equity method, net | 3,721,084 | 4,663,655 | 4,428,030 | 14,227,828 |
7000 | Total non-operating income and expenses | 10,546,967 | 8,565,957 | 24,319,515 | 35,944,925 |
7900 | Profit (loss) from continuing operations before tax | 42,924,990 | 42,057,411 | 83,691,309 | 101,094,041 |
Tax expense (income) | |||||
7950 | Total tax expense (income) | 8,683,341 | 8,239,655 | 21,901,183 | 25,085,478 |
8000 | Profit (loss) from continuing operations | 34,241,649 | 33,817,756 | 61,790,126 | 76,008,563 |
8200 | Profit (loss) | 34,241,649 | 33,817,756 | 61,790,126 | 76,008,563 |
Other comprehensive income | |||||
Components of other comprehensive income that will not be reclassified to profit or loss | |||||
8316 | Unrealised gains (losses) from investments in equity instruments measured at fair value through other comprehensive income | (3,303,339) | (3,382,569) | (2,610,510) | (717,439) |
8320 | Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will not be reclassified to profit or loss | 957,828 | 190,889 | (2,600,380) | 489,908 |
8310 | Components of other comprehensive income that will not be reclassified to profit or loss | (2,345,511) | (3,191,680) | (5,210,890) | (227,531) |
Components of other comprehensive income that will be reclassified to profit or loss | |||||
8361 | Exchange differences on translation | 11,607,802 | (38,361,969) | (26,905,249) | (23,823,291) |
8370 | 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 | 1,614,384 | (2,035,279) | (272,785) | 553,746 |
8360 | Components of other comprehensive income that will be reclassified to profit or loss | 13,222,186 | (40,397,248) | (27,178,034) | (23,269,545) |
8300 | Total other comprehensive income | 10,876,675 | (43,588,928) | (32,388,924) | (23,497,076) |
8500 | Total comprehensive income | 45,118,324 | (9,771,172) | 29,401,202 | 52,511,487 |
Profit (loss), attributable to: | |||||
8610 | Profit (loss), attributable to owners of parent | 30,854,592 | 30,664,317 | 55,818,855 | 67,542,884 |
8620 | Profit (loss), attributable to non-controlling interests | 3,387,057 | 3,153,439 | 5,971,271 | 8,465,679 |
Comprehensive income attributable to: | |||||
8710 | Comprehensive income, attributable to owners of parent | 40,701,498 | (9,584,987) | 26,223,229 | 46,117,730 |
8720 | Comprehensive income, attributable to non-controlling interests | 4,416,826 | (186,185) | 3,177,973 | 6,393,757 |
Basic earnings per share | |||||
9710 | Basic earnings (loss) per share from continuing operations | 2.23 | 2.21 | 4.03 | 4.87 |
9750 | Total basic earnings per share | 2.23 | 2.21 | 4.03 | 4.87 |
Diluted earnings per share | |||||
9810 | Diluted earnings (loss) per share from continuing operations | 2.21 | 2.19 | 4.00 | 4.83 |
9850 | Total diluted earnings per share | 2.21 | 2.19 | 4.00 | 4.83 |
Unit: NT$ thousands
Statements of Cash Flows
Code | Accounting Title | 2020/1/1To9/30 | 2019/1/1To9/30 |
Cash flows from (used in) operating activities, indirect method | |||
A00010 | Profit (loss) from continuing operations before tax | 83,691,309 | 101,094,041 |
A10000 | Profit (loss) before tax | 83,691,309 | 101,094,041 |
Adjustments | |||
Adjustments to reconcile profit (loss) | |||
A20100 | Depreciation expense | 44,888,883 | 47,838,884 |
A20200 | Amortization expense | 3,162,402 | 1,208,492 |
A20300 | Expected credit loss (gain) / Provision (reversal of provision) for bad debt expense | 1,982,168 | 967,176 |
A20400 | Net loss (gain) on financial assets or liabilities at fair value through profit or loss | (4,476,380) | (5,282,788) |
A20900 | Interest expense | 32,023,775 | 46,984,815 |
A21200 | Interest income | (37,907,112) | (54,860,653) |
A21300 | Dividend income | (3,396,328) | (5,486,503) |
A22300 | Share of loss (profit) of associates and joint ventures accounted for using equity method | (4,428,030) | (14,227,828) |
A22500 | Loss (gain) on disposal of property, plan and equipment | 339,891 | 467,545 |
A23100 | Loss (gain) on disposal of investments | (363,614) | 78,074 |
A23500 | Impairment loss on financial assets | 0 | 157,082 |
A23700 | Impairment loss on non-financial assets | 0 | 138,896 |
A20010 | Total adjustments to reconcile profit (loss) | 31,825,655 | 17,983,192 |
Changes in operating assets and liabilities | |||
Changes in operating assets | |||
A31115 | Decrease (increase) in financial assets at fair value through profit or loss, mandatorily measured at fair value | 5,712,365 | 9,521,007 |
A31130 | Decrease (increase) in notes receivable | (87,046) | 375,898 |
A31150 | Decrease (increase) in accounts receivable | 311,128,001 | 34,947,002 |
A31160 | Decrease (increase) in accounts receivable due from related parties | 3,735,107 | (4,798,827) |
A31180 | Decrease (increase) in other receivable | (9,408,360) | 1,495,851 |
A31200 | Adjustments for decrease (increase) in inventories | (192,220,122) | (64,940,236) |
A31230 | Decrease (increase) in prepayments | (516,183) | (269,983) |
A31000 | Total changes in operating assets | 118,343,762 | (23,669,288) |
Changes in operating liabilities | |||
A32125 | Increase (decrease) in contract liabilities | 4,343,987 | 1,611,510 |
A32150 | Increase (decrease) in accounts payable | (13,862,850) | 69,753,136 |
A32160 | Increase (decrease) in accounts payable to related parties | (6,652,426) | 783,829 |
A32180 | Increase (decrease) in other payable | 8,754,103 | 1,505,327 |
A32200 | Increase (decrease) in provisions | (77,910) | (3,105,276) |
A32230 | Adjustments for increase (decrease) in other current liabilities | 12,337,125 | 3,902,134 |
A32240 | Increase (decrease) in net defined benefit liability | 146,531 | (223,004) |
A32000 | Total changes in operating liabilities | 4,988,560 | 74,227,656 |
A30000 | Total changes in operating assets and liabilities | 123,332,322 | 50,558,368 |
A20000 | Total adjustments | 155,157,977 | 68,541,560 |
A33000 | Cash inflow (outflow) generated from operations | 238,849,286 | 169,635,601 |
A33500 | Income taxes refund (paid) | (23,916,992) | (33,671,428) |
AAAA | Net cash flows from (used in) operating activities | 214,932,294 | 135,964,173 |
Cash flows from (used in) investing activities | |||
B00010 | Acquisition of financial assets at fair value through other comprehensive income | (3,011,823) | (1,931,199) |
B00020 | Proceeds from disposal of financial assets at fair value through other comprehensive income | 3,206,871 | 864,354 |
B00040 | Acquisition of financial assets at amortised cost | (12,067,259) | (1,366,418) |
B00060 | Proceeds from repayments of financial assets at amortised cost | 1,279,800 | 1,369,020 |
B00100 | Acquisition of financial assets at fair value through profit or loss | (8,347,116) | (19,364,359) |
B00200 | Proceeds from disposal of financial assets at fair value through profit or loss | 2,493,641 | 12,590,164 |
B01800 | Acquisition of investments accounted for using equity method | (681,368) | (1,252,627) |
B01900 | Proceeds from disposal of investments accounted for using equity method | 496,722 | 0 |
B02200 | Net cash flow from acquisition of subsidiaries | (1,141,675) | (3,286,252) |
B02700 | Acquisition of property, plant and equipment | (49,003,509) | (58,878,445) |
B02800 | Proceeds from disposal of property, plant and equipment | 2,534,904 | 2,122,108 |
B04400 | Decrease in other receivables due from related parties | 16,025,396 | 27,157,760 |
B04500 | Acquisition of intangible assets | (671,586) | (49,624) |
B05350 | Acquisition of use-of-right assets | (774,837) | (264,462) |
B06800 | Decrease in other non-current assets | 1,400,403 | 312,170 |
B07500 | Interest received | 48,832,802 | 55,604,512 |
B07600 | Dividends received | 8,511,162 | 10,291,713 |
B09900 | Other investing activities | 348,479 | 0 |
BBBB | Net cash flows from (used in) investing activities | 9,431,007 | 23,918,415 |
Cash flows from (used in) financing activities | |||
C00100 | Increase in short-term loans | 54,507,172 | 0 |
C00200 | Decrease in short-term loans | 0 | (104,418,467) |
C00500 | Increase in short-term notes and bills payable | 22,811,117 | 14,498,375 |
C01200 | Proceeds from issuing bonds | 21,050,000 | 31,060,000 |
C01300 | Repayments of bonds | (28,985,276) | (6,900,000) |
C01600 | Proceeds from long-term debt | 1,203,445 | 19,827,589 |
C01700 | Repayments of long-term debt | (5,208,949) | (948,194) |
C04020 | Payments of lease liabilities | (6,330,697) | (3,650,739) |
C04300 | Increase in other non-current liabilities | 335,339 | 0 |
C04400 | Decrease in other non-current liabilities | 0 | (131,598) |
C04500 | Cash dividends paid | (58,224,561) | (55,451,962) |
C05600 | Interest paid | (46,257,075) | (50,971,434) |
C05800 | Change in non-controlling interests | (1,987,711) | 7,464,060 |
CCCC | Net cash flows from (used in) financing activities | (47,087,196) | (149,622,370) |
DDDD | Effect of exchange rate changes on cash and cash equivalents | (16,621,922) | (10,369,550) |
EEEE | Net increase (decrease) in cash and cash equivalents | 160,654,183 | (109,332) |
E00100 | Cash and cash equivalents at beginning of period | 857,864,362 | 788,662,325 |
E00200 | Cash and cash equivalents at end of period | 1,018,518,545 | 788,552,993 |
E00210 | Cash and cash equivalents reported in the statement of financial position | 1,018,518,545 | 788,552,993 |
Unit: NT$ thousands
Statements of Change in Equity
3110 | 3100 | 3200 | 3310 | 3320 | 3350 | 3300 | 3410 | 3420 | 3400 | 3500 | 31XX | 36XX | 3XXX | ||
Ordinary share | Total share capital | Capital surplus | Legal reserve | Special reserve | Unappropriated retained earnings (accumulated deficit) | Total retained earnings | Exchange differences on translation of foreign financial statements | Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income | Total other equity interest | Treasury shares | Total equity attributable to owners of parent | Non-controlling interests | Total equity | ||
A1 | Equity at beginning of period | 138,629,906 | 138,629,906 | 199,383,371 | 149,512,874 | 60,309,927 | 794,615,182 | 1,004,437,983 | (113,889,466) | 11,437,746 | (102,451,720) | (15,194) | 1,239,984,346 | 159,641,071 | 1,399,625,417 |
B1 | Legal reserve appropriated | 0 | 0 | 0 | 11,530,874 | 0 | (11,530,874) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
B3 | Special reserve appropriated | 0 | 0 | 0 | 0 | 42,141,793 | (42,141,793) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
B5 | Cash dividends of ordinary share | 0 | 0 | 0 | 0 | 0 | (58,224,561) | (58,224,561) | 0 | 0 | 0 | 0 | (58,224,561) | 0 | (58,224,561) |
C7 | Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | (500,891) | 0 | 0 | (6,557) | (6,557) | 0 | 0 | 0 | 0 | (507,448) | 0 | (507,448) |
D1 | Profit (loss) | 0 | 0 | 0 | 0 | 0 | 55,818,855 | 55,818,855 | 0 | 0 | 0 | 0 | 55,818,855 | 5,971,271 | 61,790,126 |
D3 | Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (25,498,918) | (4,096,708) | (29,595,626) | 0 | (29,595,626) | (2,793,298) | (32,388,924) |
D5 | Total comprehensive income | 0 | 0 | 0 | 0 | 0 | 55,818,855 | 55,818,855 | (25,498,918) | (4,096,708) | (29,595,626) | 0 | 26,223,229 | 3,177,973 | 29,401,202 |
M7 | Changes in ownership interests in subsidiaries | 0 | 0 | 3,408,846 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,408,846 | 0 | 3,408,846 |
O1 | Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1,987,711) | (1,987,711) |
Q1 | Disposal of investments in equity instruments designated at fair value through other comprehensive income | 0 | 0 | 0 | 0 | 0 | (4,170,365) | (4,170,365) | 0 | 4,170,365 | 4,170,365 | 0 | 0 | 0 | 0 |
Y1 | Total increase (decrease) in equity | 0 | 0 | 2,907,955 | 11,530,874 | 42,141,793 | (60,255,295) | (6,582,628) | (25,498,918) | 73,657 | (25,425,261) | 0 | (29,099,934) | 1,190,262 | (27,909,672) |
Z1 | Equity at end of period | 138,629,906 | 138,629,906 | 202,291,326 | 161,043,748 | 102,451,720 | 734,359,887 | 997,855,355 | (139,388,384) | 11,511,403 | (127,876,981) | (15,194) | 1,210,884,412 | 160,831,333 | 1,371,715,745 |