1st Nov 2012 07:00
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS Three Months Ended September 30, 2012 AND September 30, 2011 (EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) | ||||
Accounting Title | 2012/9/30 | 2011/9/30 | ||
Amount | % | Amount | % | |
Assets | ||||
Current Assets | ||||
Cash and cash equivalents | 43,308,683.00 | 2.98 | 48,313,340.00 | 3.61 |
Financial assets measured at fair value through profit or loss - current | 0 | 0 | 129,421.00 | 0.01 |
Available-for-sale financial assets - current | 660,553.00 | 0.05 | 720,312.00 | 0.05 |
Accounts receivable - net | 312,329,642.00 | 21.53 | 235,191,085.00 | 17.55 |
Accounts receivable - related parties - net | 49,506,416.00 | 3.41 | 49,844,210.00 | 3.72 |
Other receivables | 1,778,953.00 | 0.12 | 748,382.00 | 0.06 |
Other receivables - related parties | 337,006,993.00 | 23.23 | 324,502,781.00 | 24.21 |
Inventories | 105,403,098.00 | 7.26 | 125,277,532.00 | 9.35 |
Other prepayments | 1,563,423.00 | 0.11 | 3,241,227.00 | 0.24 |
Other current assets | 2,932,650.00 | 0.2 | 3,270,478.00 | 0.24 |
Current assets | 854,490,411.00 | 58.89 | 791,238,768.00 | 59.04 |
Funds and Investments | ||||
Available-for-sale financial assets - non current | 1,465,700.00 | 0.1 | 1,601,430.00 | 0.12 |
Financial assets carried at cost - non current | 191,062.00 | 0.01 | 296,195.00 | 0.02 |
Equity investments under equity method | 566,593,676.00 | 39.05 | 500,076,045.00 | 37.32 |
Investments | 566,593,676.00 | 39.05 | 500,076,045.00 | 37.32 |
Other financial assets - non current | 23,100.00 | 0 | 28,084.00 | 0 |
Funds and long-term investments | 568,273,538.00 | 39.17 | 502,001,754.00 | 37.46 |
Fixed Assets | ||||
Cost | ||||
Land | 1,671,640.00 | 0.12 | 1,671,640.00 | 0.12 |
Buildings and structures | 3,691,228.00 | 0.25 | 3,959,792.00 | 0.3 |
Machinery and equipment | 49,310,377.00 | 3.4 | 65,883,117.00 | 4.92 |
Molding equipment | 11,763.00 | 0 | 1,120,058.00 | 0.08 |
Testing equipment | 4,884,698.00 | 0.34 | 8,539,302.00 | 0.64 |
Office equipment | 828,701.00 | 0.06 | 1,512,332.00 | 0.11 |
Maintenance equipment and tools | 1,400.00 | 0 | 268,094.00 | 0.02 |
Other facilities | 1,526,344.00 | 0.11 | 1,921,833.00 | 0.14 |
Fixed assets cost | 61,926,151.00 | 4.27 | 84,876,168.00 | 6.33 |
Accumulated depreciation | -37,479,467.00 | -2.58 | -49,616,559.00 | -3.7 |
Construction in process and prepayment for equipments | 2,576,731.00 | 0.18 | 10,178,483.00 | 0.76 |
Fixed assets | 27,023,415.00 | 1.86 | 45,438,092.00 | 3.39 |
Intangible Assets | ||||
OtherAssets | ||||
Deferred charges | 508,009.00 | 0.04 | 712,734.00 | 0.05 |
Other assets - other | 617,588.00 | 0.04 | 743,082.00 | 0.06 |
Other assets | 1,125,597.00 | 0.08 | 1,455,816.00 | 0.11 |
Assets | 1,450,912,961.00 | 100 | 1,340,134,430.00 | 100 |
Liabilities and Stockholders' Equity | ||||
Liabilities | ||||
Current Liabilities | ||||
Short-term borrowings | 37,355,060.00 | 2.57 | 46,884,681.00 | 3.5 |
Short-term notes and bills payable | 7,989,206.00 | 0.55 | 4,995,036.00 | 0.37 |
Financial liabilities measured at fair value through profit or loss - current | 7,535.00 | 0 | 1,713.00 | 0 |
Accounts payable | 98,529,340.00 | 6.79 | 86,935,987.00 | 6.49 |
Accounts payable - related parties | 293,113,835.00 | 20.2 | 265,163,998.00 | 19.79 |
Income tax payable | 6,397,439.00 | 0.44 | 6,600,814.00 | 0.49 |
Accrued expenses | 96,898,457.00 | 6.68 | 87,538,625.00 | 6.53 |
Other payables | 164,268,755.00 | 11.32 | 171,614,874.00 | 12.81 |
Long-term liabilities - current portion | 0 | 0 | 20,219,400.00 | 1.51 |
Other current liabilities | 29,553,929.00 | 2.04 | 18,155,477.00 | 1.35 |
Current liabilities | 734,113,556.00 | 50.6 | 708,110,605.00 | 52.84 |
Long term Liabilities | ||||
Bonds payable | 84,929,910.00 | 5.85 | 62,400,513.00 | 4.66 |
Long-term borrowings | 21,262,700.00 | 1.47 | 22,272,500.00 | 1.66 |
Long-term liabilities | 106,192,610.00 | 7.32 | 84,673,013.00 | 6.32 |
Reserves | ||||
Other Liabilities | ||||
Pension reserve / accrued pension liability | 893,906.00 | 0.06 | 862,493.00 | 0.06 |
Deferred income tax liabilities | 3,327,609.00 | 0.23 | 3,336,914.00 | 0.25 |
Other liabilities - other | 951,044.00 | 0.07 | 110,441.00 | 0.01 |
Other liabilities | 5,172,559.00 | 0.36 | 4,309,848.00 | 0.32 |
Liabilities | 845,478,725.00 | 58.27 | 797,093,466.00 | 59.48 |
Stockholders' Equity | ||||
Capital | ||||
Common stock | 118,358,665.00 | 8.16 | 106,890,967.00 | 7.98 |
Capital Surplus | ||||
Capital surplus - additional paid-in capital | 58,302,661.00 | 4.02 | 52,011,511.00 | 3.88 |
Capital surplus - long-term equity investments | 14,866,527.00 | 1.02 | 14,982,057.00 | 1.12 |
Capital surplus - stock option | 2,034,440.00 | 0.14 | 3,229,640.00 | 0.24 |
Capital surplus | 75,203,628.00 | 5.18 | 70,223,208.00 | 5.24 |
Retained Earnings | ||||
Legal reserve | 59,980,502.00 | 4.13 | 51,821,402.00 | 3.87 |
Unappropriated retained earnings | 348,408,180.00 | 24.01 | 290,470,580.00 | 21.67 |
Retained earnings | 408,388,682.00 | 28.15 | 342,291,982.00 | 25.54 |
Stockholders' Equity and Other adjustmen | ||||
Cumulative translation adjustments | 1,368,665.00 | 0.09 | 20,925,620.00 | 1.56 |
Unrealized gains (losses) on financial instruments | 2,133,497.00 | 0.15 | 2,728,088.00 | 0.2 |
Treasure stock | -18,901.00 | 0 | -18,901.00 | 0 |
Equity adjustments | 3,483,261.00 | 0.24 | 23,634,807.00 | 1.76 |
Stockholders' equity | 605,434,236.00 | 41.73 | 543,040,964.00 | 40.52 |
Number of treasury stock acquired by the company and subsidiaries (unit: share) | 1,302,812.00 | 0.09 | 1,184,375.00 | 0.09 |
| 0 | 0 | 0 | 0 |
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME Three Months Ended September 30, 2012 AND September 30, 2011 (EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS, EXCEPT EARNINGS PER SHARE DATA) | ||||
Accounting Title | 2012/9/30 | 2011/9/30 | ||
Amount | % | Amount | % | |
Sales | 2,231,140,481.00 | 100 | 1,853,574,768.00 | 100 |
Sales | 2,231,140,481.00 | 100 | 1,853,574,768.00 | 100 |
Operating income | 2,231,140,481.00 | 100 | 1,853,574,768.00 | 100 |
Cost of sales | 2,127,882,314.00 | 95.37 | 1,785,000,922.00 | 96.3 |
Operating costs | 2,127,882,314.00 | 95.37 | 1,785,000,922.00 | 96.3 |
Gross profit (loss) from operations | 103,258,167.00 | 4.63 | 68,573,846.00 | 3.7 |
Selling expense | 59,169,695.00 | 2.65 | 32,328,121.00 | 1.74 |
General and administrative expenses | 5,153,204.00 | 0.23 | 4,839,950.00 | 0.26 |
Research and development expenses | 7,671,045.00 | 0.34 | 9,592,220.00 | 0.52 |
Operating expenses | 71,993,944.00 | 3.23 | 46,760,291.00 | 2.52 |
Operating income (loss) | 31,264,223.00 | 1.4 | 21,813,555.00 | 1.18 |
Non-Operating Income | ||||
Interest income | 216,039.00 | 0.01 | 66,731.00 | 0 |
Income from long-term equity investments under the equity method | 38,495,178.00 | 1.73 | 34,905,058.00 | 1.88 |
Investment income | 38,495,178.00 | 1.73 | 34,905,058.00 | 1.88 |
Revaluation gain on financial assets | 0 | 0 | 38,009.00 | 0 |
Revaluation gain on financial liabilities | 16,314.00 | 0 | 281,553.00 | 0.02 |
Miscellaneous income | 949,811.00 | 0.04 | 1,906,980.00 | 0.1 |
Non-operating revenues and gains | 39,677,342.00 | 1.78 | 37,198,331.00 | 2.01 |
Non-Operating Expenses | ||||
Interest expense | 1,645,298.00 | 0.07 | 1,302,361.00 | 0.07 |
Foreign exchange losses | 1,725,060.00 | 0.08 | 2,552,175.00 | 0.14 |
Financial expense | 147,374.00 | 0.01 | 297,182.00 | 0.02 |
Revaluation loss on financial assets | 11,040.00 | 0 | 0 | 0 |
Miscellaneous disbursements | 84,149.00 | 0 | 45,746.00 | 0 |
Non-operating expenses and losses | 3,612,921.00 | 0.16 | 4,197,464.00 | 0.23 |
Income from continuing operations before income tax | 67,328,644.00 | 3.02 | 54,814,422.00 | 2.96 |
Income tax expense (benefit) | 9,539,025.00 | 0.43 | 8,253,246.00 | 0.45 |
Income from continuing operations | 57,789,619.00 | 2.59 | 46,561,176.00 | 2.51 |
Net income (loss) | 57,789,619.00 | 2.59 | 46,561,176.00 | 2.51 |
Primary Earnings per Share | ||||
Income (loss) from continuing operations | 4.9 | 0 | 3.96 | 0 |
Primary earnings per share | 4.9 | 0 | 3.96 | 0 |
Diluted earnings per share | ||||
Income (loss) from continuing operations | 4.8 | 0 | 3.86 | 0 |
Diluted earnings per share | 4.8 | 0 | 3.86 | 0 |
HON HAI PRECISION IND. CO., LTD. CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended30, 2012 AND September 30, 2011 (In Thousands of New Taiwan Dollars) | ||||
Accounting Title | 2012/9/30 | 2011/9/30 | ||
Amount | % | Amount | % | |
Sales | 2,231,140,481.00 | 100 | 1,853,574,768.00 | 100 |
Sales | 2,231,140,481.00 | 100 | 1,853,574,768.00 | 100 |
Operating income | 2,231,140,481.00 | 100 | 1,853,574,768.00 | 100 |
Cost of sales | 2,127,882,314.00 | 95.37 | 1,785,000,922.00 | 96.3 |
Operating costs | 2,127,882,314.00 | 95.37 | 1,785,000,922.00 | 96.3 |
Gross profit (loss) from operations | 103,258,167.00 | 4.63 | 68,573,846.00 | 3.7 |
Selling expense | 59,169,695.00 | 2.65 | 32,328,121.00 | 1.74 |
General and administrative expenses | 5,153,204.00 | 0.23 | 4,839,950.00 | 0.26 |
Research and development expenses | 7,671,045.00 | 0.34 | 9,592,220.00 | 0.52 |
Operating expenses | 71,993,944.00 | 3.23 | 46,760,291.00 | 2.52 |
Operating income (loss) | 31,264,223.00 | 1.4 | 21,813,555.00 | 1.18 |
Non-Operating Income | ||||
Interest income | 216,039.00 | 0.01 | 66,731.00 | 0 |
Income from long-term equity investments under the equity method | 38,495,178.00 | 1.73 | 34,905,058.00 | 1.88 |
Investment income | 38,495,178.00 | 1.73 | 34,905,058.00 | 1.88 |
Revaluation gain on financial assets | 0 | 0 | 38,009.00 | 0 |
Revaluation gain on financial liabilities | 16,314.00 | 0 | 281,553.00 | 0.02 |
Miscellaneous income | 949,811.00 | 0.04 | 1,906,980.00 | 0.1 |
Non-operating revenues and gains | 39,677,342.00 | 1.78 | 37,198,331.00 | 2.01 |
Non-Operating Expenses | ||||
Interest expense | 1,645,298.00 | 0.07 | 1,302,361.00 | 0.07 |
Foreign exchange losses | 1,725,060.00 | 0.08 | 2,552,175.00 | 0.14 |
Financial expense | 147,374.00 | 0.01 | 297,182.00 | 0.02 |
Revaluation loss on financial assets | 11,040.00 | 0 | 0 | 0 |
Miscellaneous disbursements | 84,149.00 | 0 | 45,746.00 | 0 |
Non-operating expenses and losses | 3,612,921.00 | 0.16 | 4,197,464.00 | 0.23 |
Income from continuing operations before income tax | 67,328,644.00 | 3.02 | 54,814,422.00 | 2.96 |
Income tax expense (benefit) | 9,539,025.00 | 0.43 | 8,253,246.00 | 0.45 |
Income from continuing operations | 57,789,619.00 | 2.59 | 46,561,176.00 | 2.51 |
Net income (loss) | 57,789,619.00 | 2.59 | 46,561,176.00 | 2.51 |
Primary Earnings per Share | ||||
Income (loss) from continuing operations | 4.9 | 0 | 3.96 | 0 |
Primary earnings per share | 4.9 | 0 | 3.96 | 0 |
Diluted earnings per share | ||||
Income (loss) from continuing operations | 4.8 | 0 | 3.86 | 0 |
Diluted earnings per share | 4.8 | 0 | 3.86 | 0 |
Related Shares:
Hon Hai Precsn