15th May 2013 12:25
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS
2013 1st IFRS Consolidated Financial Statements
Unit: NT$ thousand
Accounting Title | 2013/03/31 | 2012/12/31 | 2012/03/31 | 2012/01/01 |
Balance Sheet | ||||
Assets | ||||
Current assets | ||||
Cash and cash equivalents | ||||
Total cash and cash equivalents | 678,906,605 | 505,526,956 | 422,699,200 | 329,793,633 |
Current financial assets at fair value through profit or loss | ||||
Total current financial assets at fair value through profit or loss | 171,054 | 140,220 | 1,618,724 | 70,329 |
Current available-for-sale financial assets | ||||
Current available-for-sale financial assets, net | 825,486 | 777,410 | 703,827 | 674,287 |
Accounts receivable, net | ||||
Accounts receivable, net | 363,713,426 | 597,578,990 | 438,217,670 | 450,757,984 |
Accounts receivable due from related parties, net | ||||
Accounts receivable due from related parties, net | 18,742,186 | 35,469,651 | 12,176,823 | 25,291,811 |
Other receivables | ||||
Other receivables, net | 70,371,578 | 38,235,975 | 22,965,218 | 34,679,896 |
Inventories | ||||
Total inventories | 364,369,464 | 349,882,643 | 357,507,709 | 380,521,794 |
Prepayments | ||||
Total prepayments | 8,150,404 | 7,647,041 | 7,188,507 | 7,119,919 |
Other current assets | ||||
Total other current assets | 1,142,626 | 947,222 | 177,004,624 | 46,741,750 |
Total current assets | 1,506,392,829 | 1,536,206,108 | 1,440,082,302 | 1,275,651,403 |
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 | 179,300 | 179,300 | 0 | 0 |
Non-current available-for-sale financial assets | ||||
Non-current available-for-sale financial assets, net | 14,074,177 | 12,498,717 | 11,433,985 | 9,365,511 |
Non-current financial assets at cost | ||||
Non-current financial assets at cost, net | 9,280,939 | 8,591,982 | 3,724,937 | 4,018,056 |
Investments accounted for using equity method | ||||
Investments accounted for using equity method, net | 42,393,377 | 41,958,943 | 37,673,308 | 37,792,058 |
Property, plant and equipment | ||||
Total property, plant and equipment | 408,053,543 | 405,155,076 | 351,695,923 | 368,166,092 |
Investment property, net | ||||
Investment property, net | 2,408,824 | 1,231,003 | 1,292,169 | 1,345,340 |
Intangible assets | ||||
Total intangible assets | 3,955,963 | 3,954,469 | 743,385 | 695,266 |
Deferred tax assets | 12,112,448 | 10,951,902 | 9,067,200 | 10,560,705 |
Other non-current assets | ||||
Total other non-current assets | 26,482,380 | 29,510,605 | 26,834,948 | 27,340,133 |
Total non-current assets | 518,940,951 | 514,031,997 | 442,465,855 | 459,283,161 |
Total assets | 2,025,333,780 | 2,050,238,105 | 1,882,548,157 | 1,734,934,564 |
Liabilities | ||||
Current liabilities | ||||
Short-term borrowings | ||||
Total short-term borrowings | 436,908,076 | 297,572,165 | 479,746,304 | 260,522,749 |
Short-term notes and bills payable | ||||
Total short-term notes and bills payable | 11,986,891 | 7,991,597 | 7,989,206 | 7,989,312 |
Current financial liabilities at fair value through profit or loss | ||||
Total current financial liabilities at fair value through profit or loss | 30,135 | 82,055 | 121,792 | 251,834 |
Accounts payable | ||||
Total accounts payable | 405,066,683 | 602,755,794 | 453,180,060 | 519,725,102 |
Accounts payable to related parties | ||||
Total accounts payable to related parties | 29,632,876 | 35,614,847 | 25,219,681 | 28,769,177 |
Other payables | ||||
Total other payables | 180,328,802 | 196,267,554 | 120,886,997 | 123,145,854 |
Current tax liabilities | 21,780,477 | 19,177,206 | 18,332,778 | 19,939,503 |
Current provisions | ||||
Total current provisions | 2,051,728 | 3,464,280 | 2,934,472 | 7,302,884 |
Other current liabilities | ||||
Total other current liabilities | 101,836,625 | 89,442,390 | 25,951,285 | 25,879,538 |
Total current liabilities | 1,189,622,293 | 1,252,367,888 | 1,134,362,575 | 993,525,953 |
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 | 26,176 | 470,158 |
Bonds payable | ||||
Total bonds payable | 91,098,550 | 74,980,461 | 70,803,323 | 62,378,777 |
Long-term borrowings | ||||
Total long-term borrowings | 12,555,398 | 30,707,957 | 48,185,825 | 53,600,100 |
Deferred tax liabilities | ||||
Total deferred tax liabilities | 5,273,758 | 4,148,965 | 3,252,849 | 3,927,601 |
Other non-current liabilities | ||||
Total other non-current liabilities | 10,747,028 | 7,119,084 | 6,681,098 | 6,256,685 |
Total non-current liabilities | 119,674,734 | 116,956,467 | 128,949,271 | 126,633,321 |
Total liabilities | 1,309,297,027 | 1,369,324,355 | 1,263,311,846 | 1,120,159,274 |
Equity | ||||
Equity attributable to owners of parent | ||||
Share capital | ||||
Ordinary share | 118,358,665 | 118,358,665 | 106,890,967 | 106,890,967 |
Total capital stock | 118,358,665 | 118,358,665 | 106,890,967 | 106,890,967 |
Capital surplus | ||||
Capital surplus, additional paid-in capital | ||||
Total capital surplus, additional paid-in capital | 58,302,661 | 58,302,661 | 53,206,711 | 53,206,711 |
Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed | 21,229 | 33,840 | 0 | 0 |
Capital surplus, changes in equity of associates and joint ventures accounted for using equity method | 565,769 | 595,577 | 3,317 | 0 |
Total capital surplus | 58,889,659 | 58,932,078 | 53,210,028 | 53,206,711 |
Retained earnings | ||||
Legal reserve | 59,980,502 | 59,980,502 | 51,821,402 | 51,821,402 |
Unappropriated retained earnings (accumulated deficit) | ||||
Total unappropriated retained earnings (accumulated deficit) | 416,143,872 | 399,791,359 | 356,083,622 | 340,192,127 |
Total retained earnings | 476,124,374 | 459,771,861 | 407,905,024 | 392,013,529 |
Other equity interest | ||||
Exchange differences on translation of foreign financial statements | ||||
Total exchange differences on translation of foreign financial statements | 17,975,823 | 1,370,511 | 8,163,395 | 21,047,357 |
Unrealized gains (losses) on available-for-sale financial assets | ||||
Total unrealized gains (losses) on available-for-sale financial assets | 7,188,053 | 6,435,046 | 6,631,015 | 4,447,831 |
Total other equity interest | 25,163,876 | 7,805,557 | 14,794,410 | 25,495,188 |
Treasury shares | 18,901 | 18,901 | 18,901 | 18,901 |
Total equity attributable to owners of parent | 678,517,673 | 644,849,260 | 582,781,528 | 577,587,494 |
Non-controlling interests | 37,519,080 | 36,064,490 | 36,454,783 | 37,187,796 |
Total equity | 716,036,753 | 680,913,750 | 619,236,311 | 614,775,290 |
Equivalent issue shares of advance receipts for ordinary share | 0 | 0 | 0 | 0 |
Number of shares in entity held by entity and by its subsidiaries | 1,302,812 | 1,302,812 | 1,184,375 | 1,184,375 |
Accounting Title | 2013/1st | 2012/1st |
Statement of comprehensive income | ||
Operating revenue | ||
Total operating revenue | 809,011,951 | 1,001,285,660 |
Operating costs | ||
Total operating costs | 763,098,864 | 952,877,806 |
Gross profit (loss) from operations | 45,913,087 | 48,407,854 |
Gross profit (loss) from operations | 45,913,087 | 48,407,854 |
Operating expenses | ||
Selling expenses | ||
Total selling expenses | 4,984,599 | 5,743,183 |
Administrative expenses | ||
Total administrative expenses | 17,474,138 | 18,035,453 |
Research and development expenses | ||
Total research and development expenses | 9,547,359 | 9,166,062 |
Total operating expenses | 32,006,096 | 32,944,698 |
Net operating income (loss) | 13,906,991 | 15,463,156 |
Non-operating income and expenses | ||
Other income | ||
Total other income | 2,940,594 | 2,875,834 |
Other gains and losses | ||
Other gains and losses, net | 6,688,473 | 3,548,589 |
Finance costs | ||
Finance costs, net | 1,895,057 | 1,825,083 |
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 | 956,172 | 320,088 |
Total non-operating income and expenses | 8,690,182 | 4,919,428 |
Profit (loss) from continuing operations before tax | 22,597,173 | 20,382,584 |
Tax expense (income) | ||
Total tax expense (income) | 6,246,849 | 5,300,278 |
Profit (loss) from continuing operations | 16,350,324 | 15,082,306 |
Profit (loss) | 16,350,324 | 15,082,306 |
Other comprehensive income | ||
Exchange differences on translation | 16,593,670 | -11,955,964 |
Unrealised gains (losses) on valuation of available-for-sale financial assets | 486,712 | 2,049,862 |
Share of other comprehensive income of associates and joint ventures accounted for using equity method | ||
Total share of other comprehensive income of associates and joint ventures accounted for using equity method | 386,289 | -654,702 |
Other comprehensive income, net | 17,466,671 | -10,560,804 |
Total comprehensive income | 33,816,995 | 4,521,502 |
Profit (loss), attributable to: | ||
Profit (loss), attributable to owners of parent | 16,352,513 | 15,891,495 |
Profit (loss), attributable to non-controlling interests | -2,189 | -809,189 |
Comprehensive income attributable to: | ||
Comprehensive income, attributable to owners of parent | 33,710,832 | 5,190,717 |
Comprehensive income, attributable to non-controlling interests | 106,163 | -669,215 |
Basic earnings per share | ||
Basic earnings (loss) per share from continuing operations | 1.38 | 1.35 |
Total basic earnings per share | 1.38 | 1.35 |
Diluted earnings per share | ||
Diluted earnings (loss) per share from continuing operations | 1.35 | 1.33 |
Total diluted earnings per share | 1.35 | 1.33 |
Accounting Title | 2013/01/01To2013/03/31 | 2012/01/01To2012/03/31 |
Statement of cash flows | ||
Cash flows from (used in) operating activities, indirect method | ||
Profit (loss) from continuing operations before tax | 22,597,173 | 20,382,584 |
Profit (loss) before tax | 22,597,173 | 20,382,584 |
Adjustments | ||
Adjustments to reconcile profit (loss) | ||
Depreciation expense | 19,796,124 | 16,377,166 |
Amortization expense | 202,382 | 95,063 |
Net loss (gain) on financial assets or liabilities at fair value through profit or loss | -126,207 | -1,904,366 |
Interest expense | 1,843,629 | 1,778,861 |
Interest income | -1,578,308 | -1,801,385 |
Dividend income | -70,930 | -4,865 |
Share of loss (profit) of associates and joint ventures accounted for using equity method | -956,172 | -320,088 |
Loss (gain) on disposal of property, plan and equipment | 8,093 | 14,156 |
Loss (gain) on disposal of investments | 60,602 | -350,351 |
Total adjustments to reconcile profit (loss) | 19,179,213 | 13,884,191 |
Changes in operating assets and liabilities | ||
Changes in operating assets | ||
Decrease (increase) in financial assets held for trading | 43,453 | -218,053 |
Decrease (increase) in notes receivable | 51,271 | -126,237 |
Decrease (increase) in accounts receivable | 232,951,420 | 12,497,120 |
Decrease (increase) in accounts receivable due from related parties | 17,590,338 | 13,284,419 |
Decrease (increase) in other receivable | -32,979,518 | 12,129,675 |
Decrease (increase) in inventories | -14,486,821 | 23,014,085 |
Decrease (increase) in prepayments | -503,363 | -68,588 |
Total changes in operating assets | 202,666,780 | 60,512,421 |
Changes in operating liabilities | ||
Increase (decrease) in accounts payable | -197,689,111 | -66,213,793 |
Increase (decrease) in accounts payable to related parties | -5,981,971 | -3,880,745 |
Increase (decrease) in other payable | -10,174,979 | -2,284,279 |
Increase (decrease) in provisions | -1,412,552 | -4,368,413 |
Increase (decrease) in receipts in advance | -1,502,240 | 838,498 |
Increase (decrease) in other current liabilities | -366,178 | -2,175,703 |
Increase (decrease) in accrued pension liabilities | -34,328 | 15,210 |
Total changes in operating liabilities | -217,161,359 | -78,069,225 |
Total changes in operating assets and liabilities | -14,494,579 | -17,556,804 |
Total adjustments | 4,684,634 | -3,672,613 |
Cash inflow (outflow) generated from operations | 27,281,807 | 16,709,971 |
Income taxes refund (paid) | -3,679,331 | -4,679,298 |
Net cash flows from (used in) operating activities | 23,602,476 | 12,030,673 |
Cash flows from (used in) investing activities | ||
Acquisition of available-for-sale financial assets | -132,000 | 0 |
Proceeds from disposal of available-for-sale financial assets | 146 | 0 |
Acquisition of financial assets at cost | -249,607 | -67,752 |
Proceeds from disposal of financial assets at cost | 74,067 | 37,812 |
Acquisition of investments accounted for using equity method | -760,665 | -585,000 |
Proceeds from disposal of investments accounted for using equity method | 1,891,931 | 1,647,625 |
Acquisition of property, plant and equipment | -16,038,066 | -10,616,671 |
Proceeds from disposal of property, plant and equipment | 327,148 | 621,535 |
Increase in other financial assets | 608,544 | -131,914,741 |
Increase in other non-current assets | -709,374 | -183,140 |
Increase in other prepayments | -7,913 | -11,530 |
Interest received | 2,422,223 | 2,224,572 |
Dividends received | 70,930 | 4,865 |
Net cash flows from (used in) investing activities | -12,502,636 | -138,842,425 |
Cash flows from (used in) financing activities | ||
Increase in short-term loans | 139,335,911 | 219,223,555 |
Increase in short-term notes and bills payable | 3,995,294 | 0 |
Proceeds from issuing bonds | 15,602,058 | 9,000,000 |
Proceeds from long-term debt | 1,233,942 | 132,000 |
Repayments of long-term debt | -5,223,580 | -3,341,250 |
Increase in other non-current liabilities | 3,662,272 | 409,204 |
Interest paid | -1,589,790 | -1,081,977 |
Change in non-controlling interests | 381,671 | 846,188 |
Net cash flows from (used in) financing activities | 157,397,778 | 225,187,720 |
Effect of exchange rate changes on cash and cash equivalents | 4,882,031 | -5,470,401 |
Net increase (decrease) in cash and cash equivalents | 173,379,649 | 92,905,567 |
Cash and cash equivalents at beginning of period | 505,526,956 | 329,793,633 |
Cash and cash equivalents at end of period | 678,906,605 | 422,699,200 |
Cash and cash equivalents reported in the statement of financial position | 678,906,605 | 422,699,200 |
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