15th May 2017 11:24
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS
2017 1st IFRS Consolidated Financial Statements
Unit: NT$ thousand
Accounting Title | 2017/03/31 | 2016/12/31 | 2016/03/31 |
Balance Sheet | |||
Assets | |||
Current assets | |||
Cash and cash equivalents | |||
Total cash and cash equivalents | 534,950,315 | 633,155,301 | 640,784,019 |
Current financial assets at fair value through profit or loss | |||
Total current financial assets at fair value through profit or loss | 6,079,974 | 13,652,363 | 2,400,618 |
Current available-for-sale financial assets | |||
Current available-for-sale financial assets, net | 459,151 | 462,334 | 527,473 |
Accounts receivable, net | |||
Accounts receivable, net | 465,750,840 | 699,077,030 | 407,163,165 |
Accounts receivable due from related parties, net | |||
Accounts receivable due from related parties, net | 38,135,771 | 31,980,845 | 18,250,792 |
Other receivables | |||
Other receivables, net | 44,479,657 | 45,749,740 | 37,781,078 |
Inventories | |||
Total inventories | 351,053,527 | 387,274,061 | 393,413,461 |
Prepayments | |||
Total prepayments | 13,501,890 | 13,085,503 | 14,294,799 |
Other current assets | |||
Total other current assets | 149,160,097 | 106,764,202 | 74,375,589 |
Total current assets | 1,603,571,222 | 1,931,201,379 | 1,588,990,994 |
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 | 6,337,574 | 5,998,337 | 0 |
Non-current available-for-sale financial assets | |||
Non-current available-for-sale financial assets, net | 191,232,518 | 112,495,564 | 36,465,224 |
Non-current financial assets at cost | |||
Non-current financial assets at cost, net | 35,842,359 | 32,467,460 | 21,187,524 |
Investments accounted for using equity method | |||
Investments accounted for using equity method, net | 145,494,241 | 142,527,340 | 77,078,019 |
Property, plant and equipment | |||
Total property, plant and equipment | 290,076,851 | 309,202,470 | 326,574,458 |
Investment property, net | |||
Investment property, net | 2,356,455 | 2,525,291 | 2,930,565 |
Intangible assets | |||
Total intangible assets | 10,401,034 | 10,532,956 | 3,090,445 |
Deferred tax assets | 17,561,674 | 14,590,713 | 18,801,574 |
Other non-current assets | |||
Total other non-current assets | 29,468,195 | 30,501,430 | 53,631,841 |
Total non-current assets | 728,770,901 | 660,841,561 | 539,759,650 |
Total assets | 2,332,342,123 | 2,592,042,940 | 2,128,750,644 |
Liabilities and equity | |||
Liabilities | |||
Current liabilities | |||
Short-term borrowings | |||
Total short-term borrowings | 121,126,122 | 171,472,143 | 78,832,251 |
Short-term notes and bills payable | |||
Total short-term notes and bills payable | 4,198,604 | 15,990,844 | 13,979,375 |
Current financial liabilities at fair value through profit or loss | |||
Total current financial liabilities at fair value through profit or loss | 12,583,852 | 11,555,900 | 3,829,920 |
Accounts payable | |||
Total accounts payable | 453,610,641 | 679,055,257 | 459,416,850 |
Accounts payable to related parties | |||
Total accounts payable to related parties | 37,638,614 | 30,607,929 | 21,922,201 |
Other payables | |||
Total other payables | 183,172,754 | 218,417,857 | 163,627,368 |
Current tax liabilities | 26,705,519 | 30,653,702 | 32,355,055 |
Current provisions | |||
Total current provisions | 2,940,265 | 2,983,036 | 1,988,122 |
Other current liabilities | |||
Total other current liabilities | 115,195,939 | 91,908,563 | 94,746,513 |
Total current liabilities | 957,172,310 | 1,252,645,231 | 870,697,655 |
Non-current liabilities | |||
Bonds payable | |||
Total bonds payable | 132,714,375 | 153,302,845 | 150,942,223 |
Long-term borrowings | |||
Total long-term borrowings | 19,127,251 | 24,929,793 | 8,420,411 |
Deferred tax liabilities | |||
Total deferred tax liabilities | 31,268,938 | 18,607,586 | 9,242,132 |
Other non-current liabilities | |||
Total other non-current liabilities | 8,553,919 | 8,768,887 | 10,217,734 |
Total non-current liabilities | 191,664,483 | 205,609,111 | 178,822,500 |
Total liabilities | 1,148,836,793 | 1,458,254,342 | 1,049,520,155 |
Equity | |||
Equity attributable to owners of parent | |||
Share capital | |||
Ordinary share | 173,287,383 | 173,287,383 | 156,382,881 |
Total capital stock | 173,287,383 | 173,287,383 | 156,382,881 |
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 | 1,072,986 | 1,168,232 | 1,183,889 |
Capital surplus, changes in equity of associates and joint ventures accounted for using equity method | 3,119,317 | 3,377,348 | 2,652,683 |
Total capital surplus | 92,693,334 | 93,046,611 | 83,005,622 |
Retained earnings | |||
Legal reserve | 107,866,626 | 107,866,626 | 93,179,928 |
Unappropriated retained earnings (accumulated deficit) | |||
Total unappropriated retained earnings (accumulated deficit) | 700,226,939 | 672,059,408 | 643,804,469 |
Total retained earnings | 808,093,565 | 779,926,034 | 736,984,397 |
Other equity interest | |||
Exchange differences on translation of foreign financial statements | |||
Total exchange differences on translation of foreign financial statements | -64,778,688 | -7,741,467 | 44,311,081 |
Unrealized gains (losses) on available-for-sale financial assets | |||
Total unrealized gains (losses) on available-for-sale financial assets | 102,914,245 | 40,249,734 | 5,590,779 |
Total other equity interest | 38,135,557 | 32,508,267 | 49,901,860 |
Treasury shares | 18,901 | 18,901 | 18,901 |
Total equity attributable to owners of parent | 1,112,190,938 | 1,078,749,394 | 1,026,255,859 |
Non-controlling interests | 71,314,392 | 55,039,204 | 52,974,630 |
Total equity | 1,183,505,330 | 1,133,788,598 | 1,079,230,489 |
Total liabilities and equity | 2,332,342,123 | 2,592,042,940 | 2,128,750,644 |
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 | 1,685,317 |
Accounting Title | 2017/01/01To2017/03/31 | 2016/01/01To2016/03/31 |
Statement of comprehensive income | ||
Operating revenue | ||
Total operating revenue | 975,043,856 | 958,009,217 |
Operating costs | ||
Total operating costs | 903,319,240 | 890,432,744 |
Gross profit (loss) from operations | 71,724,616 | 67,576,473 |
Gross profit (loss) from operations | 71,724,616 | 67,576,473 |
Operating expenses | ||
Selling expenses | ||
Total selling expenses | 6,102,292 | 5,336,313 |
Administrative expenses | ||
Total administrative expenses | 16,043,026 | 16,807,448 |
Research and development expenses | ||
Total research and development expenses | 13,089,572 | 10,108,048 |
Total operating expenses | 35,234,890 | 32,251,809 |
Net operating income (loss) | 36,489,726 | 35,324,664 |
Non-operating income and expenses | ||
Other income | ||
Total other income | 13,066,926 | 8,853,500 |
Other gains and losses | ||
Other gains and losses, net | -5,547,643 | -2,691,323 |
Finance costs | ||
Finance costs, net | 8,501,443 | 5,290,841 |
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 | 930,690 | 109,948 |
Total non-operating income and expenses | -51,470 | 981,284 |
Profit (loss) from continuing operations before tax | 36,438,256 | 36,305,948 |
Tax expense (income) | ||
Total tax expense (income) | 7,230,810 | 8,757,088 |
Profit (loss) from continuing operations | 29,207,446 | 27,548,860 |
Profit (loss) | 29,207,446 | 27,548,860 |
Other comprehensive income | ||
Components of other comprehensive income that will be reclassified to profit or loss | ||
Exchange differences on translation | -56,984,207 | -8,042,866 |
Unrealised gains (losses) on valuation of available-for-sale financial assets | 65,284,656 | -1,668,978 |
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 | 6,122,533 | -627,368 |
Income tax related to components of other comprehensive income that will be reclassified to profit or loss | 10,020,699 | 0 |
Components of other comprehensive income that will be reclassified to profit or loss | 4,402,283 | -10,339,212 |
Other comprehensive income, net | 4,402,283 | -10,339,212 |
Total comprehensive income | 33,609,729 | 17,209,648 |
Profit (loss), attributable to: | ||
Profit (loss), attributable to owners of parent | 28,167,531 | 27,576,758 |
Profit (loss), attributable to non-controlling interests | 1,039,915 | -27,898 |
Comprehensive income attributable to: | ||
Comprehensive income, attributable to owners of parent | 33,794,821 | 17,356,937 |
Comprehensive income, attributable to non-controlling interests | -185,092 | -147,289 |
Basic earnings per share | ||
Basic earnings (loss) per share from continuing operations | 1.63 | 1.60 |
Total basic earnings per share | 1.63 | 1.60 |
Diluted earnings per share | ||
Diluted earnings (loss) per share from continuing operations | 1.61 | 1.59 |
Total diluted earnings per share | 1.61 | 1.59 |
Accounting Title | 2017/01/01To2017/03/31 | 2016/01/01To2016/03/31 |
Statement of cash flows | ||
Cash flows from (used in) operating activities, indirect method | ||
Profit (loss) from continuing operations before tax | 36,438,256 | 36,305,948 |
Profit (loss) before tax | 36,438,256 | 36,305,948 |
Adjustments | ||
Adjustments to reconcile profit (loss) | ||
Depreciation expense | 14,983,478 | 16,524,330 |
Amortization expense | 317,224 | 211,440 |
Provision (reversal of provision) for bad debt expense | 5,170 | 0 |
Net loss (gain) on financial assets or liabilities at fair value through profit or loss | 15,985,389 | 4,924,757 |
Interest expense | 8,491,157 | 5,290,841 |
Interest income | -10,682,980 | -6,991,869 |
Dividend income | 0 | -155,102 |
Share of loss (profit) of associates and joint ventures accounted for using equity method | -930,690 | -109,948 |
Loss (gain) on disposal of property, plan and equipment | 55,605 | -105,981 |
Loss (gain) on disposal of investments | 18,148 | 97,441 |
Total adjustments to reconcile profit (loss) | 28,242,501 | 19,685,909 |
Changes in operating assets and liabilities | ||
Changes in operating assets | ||
Decrease (increase) in financial assets held for trading | -3,071,835 | 2,134,685 |
Decrease (increase) in notes receivable | -85,188 | 267,078 |
Decrease (increase) in accounts receivable | 233,406,208 | 157,275,071 |
Decrease (increase) in accounts receivable due from related parties | -6,154,926 | 7,952,484 |
Decrease (increase) in other receivable | -250,584 | 8,056,720 |
Decrease (increase) in inventories | 36,220,534 | 31,211,556 |
Decrease (increase) in prepaid expenses | -416,387 | 149,496 |
Total changes in operating assets | 259,647,822 | 207,047,090 |
Changes in operating liabilities | ||
Increase (decrease) in accounts payable | -225,444,616 | -153,778,391 |
Increase (decrease) in accounts payable to related parties | 7,030,685 | -8,940,334 |
Increase (decrease) in other payable | -34,959,669 | -34,360,596 |
Increase (decrease) in provisions | -42,771 | -344,760 |
Increase (decrease) in other current liabilities | 17,627,250 | -7,084,257 |
Increase (decrease) in net defined benefit liability | -87,416 | -17,783 |
Total changes in operating liabilities | -235,876,537 | -204,526,121 |
Total changes in operating assets and liabilities | 23,771,285 | 2,520,969 |
Total adjustments | 52,013,786 | 22,206,878 |
Cash inflow (outflow) generated from operations | 88,452,042 | 58,512,826 |
Income taxes refund (paid) | -11,509,301 | -9,922,833 |
Net cash flows from (used in) operating activities | 76,942,741 | 48,589,993 |
Cash flows from (used in) investing activities | ||
Acquisition of financial assets at fair value through profit or loss, designated as upon initial recognition | -4,652,450 | 0 |
Acquisition of available-for-sale financial assets | 0 | -22,680 |
Proceeds from disposal of available-for-sale financial assets | 15,354 | 358,071 |
Acquisition of financial assets at cost | -5,676,243 | -2,748,250 |
Proceeds from disposal of financial assets at cost | 374,360 | 0 |
Acquisition of investments accounted for using equity method | 0 | -197,180 |
Proceeds from capital reduction of investments accounted for using equity method | 0 | 283,939 |
Acquisition of property, plant and equipment | -10,283,597 | -9,743,953 |
Proceeds from disposal of property, plant and equipment | 1,097,815 | 558,412 |
Increase in other receivables due from related parties | 14,528 | -1,003,349 |
Increase in other financial assets | -42,395,895 | -23,794,615 |
Decrease in other financial assets | 15,091 | 12,577 |
Increase in other non-current assets | -1,309,484 | -932,815 |
Increase in other prepayments | 0 | -2,715 |
Decrease in other prepayments | 0 | 513,406 |
Interest received | 12,189,119 | 5,937,375 |
Dividends received | 0 | 155,102 |
Other investing activities | -213,829 | -29,541,950 |
Net cash flows from (used in) investing activities | -50,825,231 | -60,168,625 |
Cash flows from (used in) financing activities | ||
Increase in short-term loans | 0 | 8,599,042 |
Decrease in short-term loans | -50,346,021 | 0 |
Increase in short-term notes and bills payable | 0 | 7,000,000 |
Decrease in short-term notes and bills payable | -11,790,844 | 0 |
Proceeds from issuing bonds | 0 | 0 |
Repayments of bonds | -11,050,000 | -7,010,874 |
Proceeds from long-term debt | 190,000 | 178,500 |
Repayments of long-term debt | -4,951,071 | -6,772,962 |
Increase in other non-current liabilities | 86,277 | 172,115 |
Cash dividends paid | 0 | 0 |
Interest paid | -8,886,444 | -4,567,148 |
Change in non-controlling interests | 939,847 | 360,678 |
Net cash flows from (used in) financing activities | -85,808,256 | -2,040,649 |
Effect of exchange rate changes on cash and cash equivalents | -38,514,240 | -2,734,421 |
Net increase (decrease) in cash and cash equivalents | -98,204,986 | -16,353,702 |
Cash and cash equivalents at beginning of period | 633,155,301 | 657,137,721 |
Cash and cash equivalents at end of period | 534,950,315 | 640,784,019 |
Cash and cash equivalents reported in the statement of financial position | 534,950,315 | 640,784,019 |
2017/03/31 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 |
Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | -258,031 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -258,031 | 0 | -258,031 |
Profit (loss) | 0 | 0 | 0 | 0 | 28,167,531 | 28,167,531 | 0 | 0 | 0 | 0 | 28,167,531 | 1,039,915 | 29,207,446 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | -57,037,221 | 62,664,511 | 5,627,290 | 0 | 5,627,290 | -1,225,007 | 4,402,283 |
Total comprehensive income | 0 | 0 | 0 | 0 | 28,167,531 | 28,167,531 | -57,037,221 | 62,664,511 | 5,627,290 | 0 | 33,794,821 | -185,092 | 33,609,729 |
Changes in ownership interests in subsidiaries | 0 | 0 | -95,246 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -95,246 | 0 | -95,246 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,460,280 | 16,460,280 |
Total increase (decrease) in equity | 0 | 0 | -353,277 | 0 | 28,167,531 | 28,167,531 | -57,037,221 | 62,664,511 | 5,627,290 | 0 | 33,441,544 | 16,275,188 | 49,716,732 |
Equity | 173,287,383 | 173,287,383 | 92,693,334 | 107,866,626 | 700,226,939 | 808,093,565 | -64,778,688 | 102,914,245 | 38,135,557 | -18,901 | 1,112,190,938 | 71,314,392 | 1,183,505,330 |
2016/03/31 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 |
Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | 85,195 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85,195 | 0 | 85,195 |
Profit (loss) | 0 | 0 | 0 | 0 | 27,576,758 | 27,576,758 | 0 | 0 | 0 | 0 | 27,576,758 | -27,898 | 27,548,860 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 | -8,623,207 | -1,596,614 | -10,219,821 | 0 | -10,219,821 | -119,391 | -10,339,212 |
Total comprehensive income | 0 | 0 | 0 | 0 | 27,576,758 | 27,576,758 | -8,623,207 | -1,596,614 | -10,219,821 | 0 | 17,356,937 | -147,289 | 17,209,648 |
Changes in ownership interests in subsidiaries | 0 | 0 | 1,183,889 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,183,889 | 0 | 1,183,889 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 360,678 | 360,678 |
Total increase (decrease) in equity | 0 | 0 | 1,269,084 | 0 | 27,576,758 | 27,576,758 | -8,623,207 | -1,596,614 | -10,219,821 | 0 | 18,626,021 | 213,389 | 18,839,410 |
Equity | 156,382,881 | 156,382,881 | 83,005,622 | 93,179,928 | 643,804,469 | 736,984,397 | 44,311,081 | 5,590,779 | 49,901,860 | -18,901 | 1,026,255,859 | 52,974,630 | 1,079,230,489 |
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