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2019 2nd IFRS Consolidated Financial Statements

14th Aug 2019 11:38

RNS Number : 0546J

Hon Hai Precision Industry Co Ld

14 August 2019

2317 HON HAI PRECISION IND. CO., LTD.

2019Q2 Consolidated Financial Report

Unit: NT$ thousands

Balance Sheet
Code	Accounting Title	2019/6/30	2018/12/31	2018/6/30
	Assets
	Current assets
1100	Cash and cash equivalents	816,868,213	788,662,325	728,813,888
1110	Current financial assets at fair value through profit or loss	1,837,706	5,016,365	16,153,809
1136	Current financial assets at amortised cost	115,546,638	78,944,139	112,593,662
1170	Accounts receivable, net	717,676,379	1,009,364,152	690,456,031
1180	Accounts receivable due from related parties, net	44,792,788	48,172,268	36,681,278
1200	Other receivables	71,058,559	73,996,367	66,821,440
1210	Other receivables due from related parties	37,932,331	57,705,076	75,239,325
130X	Current inventories	571,193,830	625,025,794	610,758,468
1410	Prepayments	20,166,066	19,596,260	18,055,495
1470	Other current assets	0	0	0
11XX	Total current assets	2,397,072,510	2,706,482,746	2,355,573,396
	Non-current assets
1510	Non-current financial assets at fair value through profit or loss	78,674,006	74,887,490	66,740,284
1517	Non-current financial assets at fair value through other comprehensive income	70,377,247	66,634,395	70,192,815
1535	Non-current financial assets at amortised cost	14,491,760	16,240,740	16,182,308
1550	Investments accounted for using equity method	166,842,468	160,316,664	153,272,976
1600	Property, plant and equipment	281,459,480	277,860,012	274,173,928
1755	Right-of-use assets	42,366,227	0	0
1760	Investment property, net	4,823,231	2,523,963	2,339,888
1780	Intangible assets	30,189,585	30,357,025	9,445,955
1840	Deferred tax assets	19,525,906	16,229,304	19,486,113
1900	Other non-current assets	8,776,204	29,823,088	55,530,605
15XX	Total non-current assets	717,526,114	674,872,681	667,364,872
1XXX	Total assets	3,114,598,624	3,381,355,427	3,022,938,268
	Liabilities and equity
	Liabilities
	Current liabilities
2100	Current borrowings	388,170,240	532,315,377	494,422,503
2110	Short-term notes and bills payable	31,073,111	19,283,228	2,098,851
2120	Current financial liabilities at fair value through profit or loss	1,279,540	651,426	2,669,083
2170	Accounts payable	668,572,345	905,682,505	661,631,197
2180	Accounts payable to related parties	34,124,266	42,340,749	40,380,981
2200	Other payables	264,429,108	228,985,231	219,490,591
2230	Current tax liabilities	18,194,317	36,400,157	20,750,721
2250	Current provisions	3,936,902	5,652,147	5,269,711
2280	Current lease liabilities	5,744,076	0	0
2300	Other current liabilities	52,779,852	38,550,736	40,787,842
21XX	Total current liabilities	1,468,303,757	1,809,861,556	1,487,501,480
	Non-current liabilities
2500	Non-current financial liabilities at fair value through profit or loss	11,100	22,835	4,346
2530	Bonds payable	197,885,404	178,794,577	175,137,650
2540	Non-current portion of non-current borrowings	52,148,216	36,483,791	21,062,189
2570	Deferred tax liabilities	21,567,566	14,649,508	20,484,995
2580	Non-current lease liabilities	17,296,221	0	0
2600	Other non-current liabilities	7,028,103	9,109,272	8,775,912
25XX	Total non-current liabilities	295,936,610	239,059,983	225,465,092
2XXX	Total liabilities	1,764,240,367	2,048,921,539	1,712,966,572
	Equity
	Equity attributable to owners of parent
	Share capital
3110	Ordinary share	138,629,906	138,629,906	173,287,383
3100	Total capital stock	138,629,906	138,629,906	173,287,383
	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	93,886,455	88,873,887	91,382,310
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	11,071,179	11,544,285	5,617,187
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	194,557,918	190,018,456	186,599,781
	Retained earnings
3310	Legal reserve	149,512,874	136,606,364	136,606,364
3320	Special reserve	60,309,927	27,539,310	27,539,310
3350	Unappropriated retained earnings (accumulated deficit)	715,121,148	779,409,554	691,698,632
3300	Total retained earnings	924,943,949	943,555,228	855,844,306
	Other equity interest
3410	Exchange differences on translation of foreign financial statements	(49,412,698)	(65,399,183)	(41,260,739)
3420	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income	7,828,873	5,089,256	14,024,109
3400	Total other equity interest	(41,583,825)	(60,309,927)	(27,236,630)
3500	Treasury shares	(15,194)	(15,194)	(18,901)
31XX	Total equity attributable to owners of parent	1,216,532,754	1,211,878,469	1,188,475,939
36XX	Non-controlling interests	133,825,503	120,555,419	121,495,757
3XXX	Total equity	1,350,358,257	1,332,433,888	1,309,971,696
3X2X	Total liabilities and equity	3,114,598,624	3,381,355,427	3,022,938,268
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	1,853,848

Unit: NT$ thousands　EPS Unit: NT$

Statement of Comprehensive Income
Code	Accounting Title	2019/4/1To6/30	2018/4/1To6/30	2019/1/1To6/30	2018/1/1To6/30
	Operating revenue
4000	Total operating revenue	1,159,784,106	1,079,470,448	2,214,086,625	2,108,065,028
	Operating costs
5000	Total operating costs	1,098,177,804	1,018,679,872	2,094,177,749	1,983,597,718
5900	Gross profit (loss) from operations	61,606,302	60,790,576	119,908,876	124,467,310
5950	Gross profit (loss) from operations	61,606,302	60,790,576	119,908,876	124,467,310
	Operating expenses
6100	Selling expenses	7,688,945	9,133,606	14,462,628	15,800,904
6200	Administrative expenses	18,821,553	18,426,624	36,368,546	34,767,661
6300	Research and development expenses	19,547,074	17,390,256	37,420,040	33,398,795
6000	Total operating expenses	46,057,572	44,950,486	88,251,214	83,967,360
6900	Net operating income (loss)	15,548,730	15,840,090	31,657,662	40,499,950
	Non-operating income and expenses
	Other income
7010	Total other income	22,294,821	14,420,632	40,231,981	27,603,329
	Other gains and losses
7020	Other gains and losses, net	(881,665)	9,737,716	8,215,228	9,244,848
	Finance costs
7050	Finance costs, net	16,241,971	11,821,804	30,632,414	22,425,919
	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	7,833,237	2,735,670	9,564,173	5,870,428
7000	Total non-operating income and expenses	13,004,422	15,072,214	27,378,968	20,292,686
7900	Profit (loss) from continuing operations before tax	28,553,152	30,912,304	59,036,630	60,792,636
	Tax expense (income)
7950	Total tax expense (income)	10,523,754	13,538,639	16,845,823	19,401,926
8000	Profit (loss) from continuing operations	18,029,398	17,373,665	42,190,807	41,390,710
8200	Profit (loss)	18,029,398	17,373,665	42,190,807	41,390,710
	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	(2,300,188)	(6,923,773)	2,665,130	(4,929,664)
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	(217,013)	(2,589,322)	299,019	(4,425,860)
8310	Components of other comprehensive income that will not be reclassified to profit or loss	(2,517,201)	(9,513,095)	2,964,149	(9,355,524)
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Exchange differences on translation	(10,292,870)	10,457,506	14,538,678	15,558,380
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	1,083,742	(2,094,252)	2,589,025	(548,935)
8360	Components of other comprehensive income that will be reclassified to profit or loss	(9,209,128)	8,363,254	17,127,703	15,009,445
8300	Other comprehensive income, net	(11,726,329)	(1,149,841)	20,091,852	5,653,921
8500	Total comprehensive income	6,303,069	16,223,824	62,282,659	47,044,631
	Profit (loss), attributable to:
8610	Profit (loss), attributable to owners of parent	17,053,526	17,489,927	36,878,567	41,570,590
8620	Profit (loss), attributable to non-controlling interests	975,872	(116,262)	5,312,240	(179,880)
	Comprehensive income attributable to:
8710	Comprehensive income, attributable to owners of parent	6,550,257	16,870,131	55,702,717	47,480,044
8720	Comprehensive income, attributable to non-controlling interests	(247,188)	(646,307)	6,579,942	(435,413)
	Basic earnings per share
9710	Basic earnings (loss) per share from continuing operations	1.23	1.01	2.66	2.40
9750	Total basic earnings per share	1.23	1.01	2.66	2.40
	Diluted earnings per share
9810	Diluted earnings (loss) per share from continuing operations	1.22	1.00	2.65	2.39
9850	Total diluted earnings per share	1.22	1.00	2.65	2.39

Unit: NT$ thousands

Statements of Cash Flows
Code	Accounting Title	2019/1/1To6/30	2018/1/1To6/30
	Cash flows from (used in) operating activities, indirect method
A00010	Profit (loss) from continuing operations before tax	59,036,630	60,792,636
A10000	Profit (loss) before tax	59,036,630	60,792,636
	Adjustments
	Adjustments to reconcile profit (loss)
A20100	Depreciation expense	30,571,301	30,449,192
A20200	Amortization expense	742,959	636,793
A20300	Expected credit loss (gain) / Provision (reversal of provision) for bad debt expense	748,046	321,044
A20400	Net loss (gain) on financial assets or liabilities at fair value through profit or loss	(14,465,133)	(15,398,715)
A20900	Interest expense	29,972,750	22,061,788
A21200	Interest income	(36,006,006)	(24,051,460)
A21300	Dividend income	(1,218,062)	(418,271)
A22300	Share of loss (profit) of associates and joint ventures accounted for using equity method	(9,564,173)	(5,870,428)
A22500	Loss (gain) on disposal of property, plan and equipment	500,708	26,540
A23500	Impairment loss on financial assets	157,082	8,339
A20010	Total adjustments to reconcile profit (loss)	1,439,472	7,764,822
	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	8,785,879	(411,047)
A31130	Decrease (increase) in notes receivable	137,154	(364,504)
A31150	Decrease (increase) in accounts receivable	290,788,116	462,572,604
A31160	Decrease (increase) in accounts receivable due from related parties	3,380,499	43,385,110
A31180	Decrease (increase) in other receivable	(1,440,520)	1,034,137
A31200	Decrease (increase) in inventories	54,682,445	(49,803,613)
A31230	Decrease (increase) in prepayments	(569,806)	2,272,616
A31000	Total changes in operating assets	355,763,767	458,685,303
	Changes in operating liabilities
A32150	Increase (decrease) in accounts payable	(237,110,160)	(457,538,447)
A32160	Increase (decrease) in accounts payable to related parties	(8,216,483)	(56,934,138)
A32180	Increase (decrease) in other payable	(9,474,927)	(62,212,374)
A32200	Increase (decrease) in provisions	(1,715,245)	473,213
A32230	Increase (decrease) in other current liabilities	3,516,223	(3,186,598)
A32240	Increase (decrease) in net defined benefit liability	(27,218)	3,389
A32000	Total changes in operating liabilities	(253,027,810)	(579,394,955)
A30000	Total changes in operating assets and liabilities	102,735,957	(120,709,652)
A20000	Total adjustments	104,175,429	(112,944,830)
A33000	Cash inflow (outflow) generated from operations	163,212,059	(52,152,194)
A33500	Income taxes refund (paid)	(31,430,207)	(33,584,634)
AAAA	Net cash flows from (used in) operating activities	131,781,852	(85,736,828)
	Cash flows from (used in) investing activities
B00010	Acquisition of financial assets at fair value through other comprehensive income	(1,099,229)	(6,858,420)
B00020	Proceeds from disposal of financial assets at fair value through other comprehensive income	87,906	1,275,404
B00040	Acquisition of financial assets at amortised cost	(47,070,305)	(11,498,750)
B00050	Proceeds from disposal of financial assets at amortised cost	11,018,496	21,930,924
B00060	Proceeds from repayments of financial assets at amortised cost	1,369,020	1,379,850
B00100	Acquisition of financial assets at fair value through profit or loss	(6,902,388)	(3,448,770)
B00200	Proceeds from disposal of financial assets at fair value through profit or loss	12,590,164	100,360
B01800	Acquisition of investments accounted for using equity method	(1,185,298)	(3,776,795)
B02200	Net cash flow from acquisition of subsidiaries	(3,286,252)	0
B02700	Acquisition of property, plant and equipment	(38,389,675)	(34,609,701)
B02800	Proceeds from disposal of property, plant and equipment	1,644,531	10,670,391
B04400	Decrease in other receivables due from related parties	22,227,538	20,055,909
B05350	Acquisition of use-of-right assets	(262,375)	0
B07400	Decrease in other prepayments	291,379	212,488
B07500	Interest received	36,816,485	23,322,372
B07600	Dividends received	2,495,468	1,029,172
B09900	Other investing activities	(83,867)	(58,634)
BBBB	Net cash flows from (used in) investing activities	(9,738,402)	19,725,800
	Cash flows from (used in) financing activities
C00100	Increase in short-term loans	0	75,587,357
C00200	Decrease in short-term loans	(144,145,137)	0
C00500	Increase in short-term notes and bills payable	11,898,755	0
C00600	Decrease in short-term notes and bills payable	0	(8,860,269)
C01200	Proceeds from issuing bonds	31,060,000	10,500,000
C01300	Repayments of bonds	(3,900,000)	(31,583,203)
C01600	Proceeds from long-term debt	19,216,396	1,898,885
C01700	Repayments of long-term debt	(872,721)	(913,534)
C04020	Payments of lease liabilities	(2,666,630)	0
C04400	Decrease in other non-current liabilities	(529,578)	(69,179)
C05600	Interest paid	(31,380,255)	(20,468,058)
C05800	Change in non-controlling interests	6,690,142	(596,134)
C09900	Other financing activities	0	122,882,261
CCCC	Net cash flows from (used in) financing activities	(114,629,028)	148,378,126
DDDD	Effect of exchange rate changes on cash and cash equivalents	20,791,466	3,950,731
EEEE	Net increase (decrease) in cash and cash equivalents	28,205,888	86,317,829
E00100	Cash and cash equivalents at beginning of period	788,662,325	642,496,059
E00200	Cash and cash equivalents at end of period	816,868,213	728,813,888
E00210	Cash and cash equivalents reported in the statement of financial position	816,868,213	728,813,888

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
Equity at beginning of period	138,629,906		138,629,906	190,018,456	136,606,364	27,539,310	779,409,554	943,555,228	(65,399,183)	5,089,256	(60,309,927)	(15,194)	1,211,878,469	120,555,419	1,332,433,888
Legal reserve appropriated	0		0	0	12,906,510	0	(12,906,510)	0	0	0	0	0	0	0	0
Special reserve appropriated	0		0	0	0	32,770,617	(32,770,617)	0	0	0	0	0	0	0	0
Cash dividends of ordinary share	0		0	0	0	0	(55,451,962)	(55,451,962)	0	0	0	0	(55,451,962)	0	(55,451,962)
Changes in equity of associates and joint ventures accounted for using equity method	0		0	(473,106)	0	0	(135,932)	(135,932)	0	0	0	0	(609,038)	0	(609,038)
Profit (loss)	0		0	0	0	0	36,878,567	36,878,567	0	0	0	0	36,878,567	5,312,240	42,190,807
Other comprehensive income	0		0	0	0	0	0	0	15,986,485	2,837,665	18,824,150	0	18,824,150	1,267,702	20,091,852
Total comprehensive income	0		0	0	0	0	36,878,567	36,878,567	15,986,485	2,837,665	18,824,150	0	55,702,717	6,579,942	62,282,659
Changes in ownership interests in subsidiaries	0		0	5,012,568	0	0	0	0	0	0	0	0	5,012,568	0	5,012,568
Changes in non-controlling interests	0		0	0	0	0	0	0	0	0	0	0	0	6,690,142	6,690,142
Disposal of investments in equity instruments designated at fair value through other comprehensive income	0		0	0	0	0	98,048	98,048	0	(98,048)	(98,048)	0	0	0	0
Y1	Total increase (decrease) in equity		0	0	4,539,462	12,906,510	32,770,617	(64,288,406)	(18,611,279)	15,986,485	2,739,617	18,726,102	0	4,654,285	13,270,084
Z1	Equity at end of period		138,629,906	138,629,906	194,557,918	149,512,874	60,309,927	715,121,148	924,943,949	(49,412,698)	7,828,873	(41,583,825)	(15,194)	1,216,532,754	133,825,503

Unit: NT$ thousands

Last year's Statements of Change in Equity
		3110	3100	3200	3310	3320	3350	3300	3410	3420	3425	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	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
A1	Equity at beginning of period	173,287,383	173,287,383	97,872,884	122,732,924	0	717,885,835	840,618,759	(56,320,437)	0	28,781,127	(27,539,310)	(18,901)	1,084,220,815	87,571,640	1,171,792,455
A3	Effects of retrospective application and retrospective restatement	0	0	0	0	0	7,309,666	7,309,666	0	23,174,353	(28,781,127)	(5,606,774)	0	1,702,892	(297,228)	1,405,664
A5	Equity at beginning of period after adjustments	173,287,383	173,287,383	97,872,884	122,732,924	0	725,195,501	847,928,425	(56,320,437)	23,174,353	0	(33,146,084)	(18,901)	1,085,923,707	87,274,412	1,173,198,119
B1	Legal reserve appropriated	0	0	0	13,873,440	0	(13,873,440)	0	0	0	0	0	0	0	0	0
B3	Special reserve appropriated	0	0	0	0	27,539,310	(27,539,310)	0	0	0	0	0	0	0	0	0
B5	Cash dividends of ordinary share	0	0	0	0	0	(34,657,477)	(34,657,477)	0	0	0	0	0	(34,657,477)	0	(34,657,477)
C7	Changes in equity of associates and joint ventures accounted for using equity method	0	0	644,980	0	0	0	0	0	0	0	0	0	644,980	0	644,980
D1	Profit (loss)	0	0	0	0	0	41,570,590	41,570,590	0	0	0	0	0	41,570,590	(179,880)	41,390,710
D3	Other comprehensive income	0	0	0	0	0	0	0	15,059,698	(9,150,244)	0	5,909,454	0	5,909,454	(255,533)	5,653,921
D5	Total comprehensive income	0	0	0	0	0	41,570,590	41,570,590	15,059,698	(9,150,244)	0	5,909,454	0	47,480,044	(435,413)	47,044,631
M7	Changes in ownership interests in subsidiaries	0	0	88,081,917	0	0	0	0	0	0	0	0	0	88,081,917	0	88,081,917
O1	Changes in non-controlling interests	0	0	0	0	0	0	0	0	0	0	0	0	0	34,656,758	34,656,758
Q1	Disposal of investments in equity instruments designated at fair value through other comprehensive income	0	0	0	0	0	1,002,768	1,002,768	0	0	0	0	0	1,002,768	0	1,002,768
Y1	Total increase (decrease) in equity	0	0	88,726,897	13,873,440	27,539,310	(33,496,869)	7,915,881	15,059,698	(9,150,244)	0	5,909,454	0	102,552,232	34,221,345	136,773,577
Z1	Equity at end of period	173,287,383	173,287,383	186,599,781	136,606,364	27,539,310	691,698,632	855,844,306	(41,260,739)	14,024,109	0	(27,236,630)	(18,901)	1,188,475,939	121,495,757	1,309,971,696

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