31st Mar 2015 10:59
HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS
2014 4th IFRS Consolidated Financial Statements
Assets | ||
Current assets | ||
Cash and cash equivalents | ||
Total cash and cash equivalents | 679,037,301 | 694,027,045 |
Current financial assets at fair value through profit or loss | ||
Total current financial assets at fair value through profit or loss | 3,438,255 | 1,198,112 |
Current available-for-sale financial assets | ||
Current available-for-sale financial assets, net | 1,035,704 | 1,087,171 |
Accounts receivable, net | ||
Accounts receivable, net | 748,286,815 | 727,761,542 |
Accounts receivable due from related parties, net | ||
Accounts receivable due from related parties, net | 24,093,966 | 19,948,258 |
Other receivables | ||
Other receivables, net | 45,923,820 | 40,215,354 |
Inventories | ||
Total inventories | 369,196,813 | 312,785,092 |
Prepayments | ||
Total prepayments | 10,413,141 | 6,393,753 |
Non-current assets classified as held for sale, net | ||
Non-current assets classified as held for sale, net | 9,902,089 | 0 |
Other current assets | ||
Total other current assets | 41,093,451 | 5,165,161 |
Total current assets | 1,932,421,355 | 1,808,581,488 |
Non-current assets | ||
Non-current available-for-sale financial assets | ||
Non-current available-for-sale financial assets, net | 52,792,228 | 11,854,684 |
Non-current financial assets at cost | ||
Non-current financial assets at cost, net | 5,792,900 | 10,843,376 |
Investments accounted for using equity method | ||
Investments accounted for using equity method, net | 63,412,270 | 46,282,999 |
Property, plant and equipment | ||
Total property, plant and equipment | 358,868,558 | 379,561,941 |
Investment property, net | ||
Investment property, net | 3,164,666 | 2,304,839 |
Intangible assets | ||
Total intangible assets | 4,440,091 | 12,815,278 |
Deferred tax assets | 17,376,159 | 15,837,041 |
Other non-current assets | ||
Total other non-current assets | 24,446,522 | 24,379,557 |
Total non-current assets | 530,293,394 | 503,879,715 |
Total assets | 2,462,714,749 | 2,312,461,203 |
Liabilities | ||
Current liabilities | ||
Short-term borrowings | ||
Total short-term borrowings | 226,500,507 | 366,233,601 |
Short-term notes and bills payable | ||
Total short-term notes and bills payable | 0 | 19,982,517 |
Current financial liabilities at fair value through profit or loss | ||
Total current financial liabilities at fair value through profit or loss | 1,271,012 | 39,946 |
Accounts payable | ||
Total accounts payable | 694,315,259 | 682,942,409 |
Accounts payable to related parties | ||
Total accounts payable to related parties | 41,014,601 | 29,761,739 |
Other payables | ||
Total other payables | 223,575,519 | 191,175,178 |
Current tax liabilities | 31,690,222 | 24,158,478 |
Current provisions | ||
Total current provisions | 2,674,879 | 2,406,336 |
Liabilities related to non-current assets classified as held for sale | 2,054,833 | 0 |
Other current liabilities | ||
Total other current liabilities | 79,504,965 | 42,260,567 |
Total current liabilities | 1,302,601,797 | 1,358,960,771 |
Non-current liabilities | ||
Bonds payable | ||
Total bonds payable | 134,644,413 | 97,054,788 |
Long-term borrowings | ||
Total long-term borrowings | 24,197,727 | 35,108,728 |
Deferred tax liabilities | ||
Total deferred tax liabilities | 7,089,517 | 6,218,103 |
Other non-current liabilities | ||
Total other non-current liabilities | 9,504,493 | 9,194,211 |
Total non-current liabilities | 175,436,150 | 147,575,830 |
Total liabilities | 1,478,037,947 | 1,506,536,601 |
Equity | ||
Equity attributable to owners of parent | ||
Share capital | ||
Ordinary share | 147,934,068 | 131,287,068 |
Total capital stock | 147,934,068 | 131,287,068 |
Capital surplus | ||
Capital surplus, additional paid-in capital | ||
Total capital surplus, additional paid-in capital | 70,822,659 | 64,033,016 |
Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed | 0 | 0 |
Capital Surplus, changes in ownership interests in subsidiaries | 1,589 | 52,165 |
Capital surplus, changes in equity of associates and joint ventures accounted for using equity method | 835,660 | 707,692 |
Capital surplus, share options | 0 | 0 |
Capital surplus, others | 0 | 0 |
Total capital surplus | 71,659,908 | 64,792,873 |
Retained earnings | ||
Legal reserve | 80,126,455 | 69,456,739 |
Unappropriated retained earnings (accumulated deficit) | ||
Total unappropriated retained earnings (accumulated deficit) | 546,932,523 | 467,423,426 |
Total retained earnings | 627,058,978 | 536,880,165 |
Other equity interest | ||
Exchange differences on translation of foreign financial statements | ||
Total exchange differences on translation of foreign financial statements | 59,610,235 | 26,432,947 |
Unrealized gains (losses) on available-for-sale financial assets | ||
Total unrealized gains (losses) on available-for-sale financial assets | 23,986,945 | 5,295,914 |
Total other equity interest | 83,597,180 | 31,728,861 |
Treasury shares | 18,901 | 18,901 |
Total equity attributable to owners of parent | 930,231,233 | 764,670,066 |
Non-controlling interests | 54,445,569 | 41,254,536 |
Total equity | 984,676,802 | 805,924,602 |
Number of share capital awaiting retirement | 0 | 0 |
Equivalent issue shares of advance receipts for ordinary share | 0 | 0 |
Number of shares in entity held by entity and by its subsidiaries | 1,605,064 | 1,433,093 |
Operating revenue | ||
Total operating revenue | 4,213,172,321 | 3,952,317,540 |
Operating costs | ||
Total operating costs | 3,921,228,465 | 3,697,623,039 |
Gross profit (loss) from operations | 291,943,856 | 254,694,501 |
Gross profit (loss) from operations | 291,943,856 | 254,694,501 |
Operating expenses | ||
Selling expenses | ||
Total selling expenses | 26,146,194 | 25,893,690 |
Administrative expenses | ||
Total administrative expenses | 73,752,491 | 72,906,384 |
Research and development expenses | ||
Total research and development expenses | 48,853,760 | 46,580,031 |
Total operating expenses | 148,752,445 | 145,380,105 |
Net operating income (loss) | 143,191,411 | 109,314,396 |
Non-operating income and expenses | ||
Other income | ||
Total other income | 31,872,566 | 17,531,778 |
Other gains and losses | ||
Other gains and losses, net | 11,083,457 | 13,863,801 |
Finance costs | ||
Finance costs, net | 15,007,075 | 9,252,353 |
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 | 2,980,013 | 4,838,075 |
Total non-operating income and expenses | 30,928,961 | 26,981,301 |
Profit (loss) from continuing operations before tax | 174,120,372 | 136,295,697 |
Tax expense (income) | ||
Total tax expense (income) | 41,638,550 | 28,949,821 |
Profit (loss) from continuing operations | 132,481,822 | 107,345,876 |
Profit (loss) | 132,481,822 | 107,345,876 |
Other comprehensive income | ||
Exchange differences on translation | 36,576,979 | 24,617,695 |
Unrealised gains (losses) on valuation of available-for-sale financial assets | 18,419,522 | -1,002,017 |
Actuarial gains (losses) on defined benefit plans | -39,784 | 980 |
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 | 606,016 | 918,220 |
Income tax related to components of other comprehensive income | -6,763 | 167 |
Other comprehensive income, net | 55,569,496 | 24,534,711 |
Total comprehensive income | 188,051,318 | 131,880,587 |
Profit (loss), attributable to: | ||
Profit (loss), attributable to owners of parent | 130,534,729 | 106,697,157 |
Profit (loss), attributable to non-controlling interests | 1,947,093 | 648,719 |
Comprehensive income attributable to: | ||
Comprehensive income, attributable to owners of parent | 182,370,027 | 130,621,274 |
Comprehensive income, attributable to non-controlling interests | 5,681,291 | 1,259,313 |
Basic earnings per share | ||
Basic earnings (loss) per share from continuing operations | 8.85 | 7.26 |
Total basic earnings per share | 8.85 | 7.26 |
Diluted earnings per share | ||
Diluted earnings (loss) per share from continuing operations | 8.75 | 7.12 |
Total diluted earnings per share | 8.75 | 7.12 |
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2014/12/31 Statement of Stockholders' Equity
Unit: NT$ thousand
Equity at beginning of period | 131,287,068 | 131,287,068 | 64,792,873 | 69,456,739 | 467,423,426 | 536,880,165 | 26,432,947 | 5,295,914 | 31,728,861 | -18,901 | 764,670,066 | 41,254,536 | 805,924,602 |
Legal reserve appropriated | 0 | 0 | 0 | 10,669,716 | -10,669,716 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash dividends of ordinary share | 0 | 0 | 0 | 0 | -23,631,672 | -23,631,672 | 0 | 0 | 0 | 0 | -23,631,672 | 0 | -23,631,672 |
Stock dividends of ordinary share | 15,754,448 | 15,754,448 | 0 | 0 | -15,754,448 | -15,754,448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Changes in equity of associates and joint ventures accounted for using equity method | 0 | 0 | 127,968 | 0 | -12,462 | -12,462 | 0 | 0 | 0 | 0 | 115,506 | 0 | 115,506 |
Profit (loss) | 0 | 0 | 0 | 0 | 130,534,729 | 130,534,729 | 0 | 0 | 0 | 0 | 130,534,729 | 1,947,093 | 132,481,822 |
Other comprehensive income | 0 | 0 | 0 | 0 | -33,021 | -33,021 | 33,177,288 | 18,691,031 | 51,868,319 | 0 | 51,835,298 | 3,734,198 | 55,569,496 |
Total comprehensive income | 0 | 0 | 0 | 0 | 130,501,708 | 130,501,708 | 33,177,288 | 18,691,031 | 51,868,319 | 0 | 182,370,027 | 5,681,291 | 188,051,318 |
Changes in ownership interests in subsidiaries | 0 | 0 | -50,576 | 0 | -924,313 | -924,313 | 0 | 0 | 0 | 0 | -974,889 | 0 | -974,889 |
Changes in non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,509,742 | 7,509,742 |
Share-based payments | 892,552 | 892,552 | 6,789,643 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,682,195 | 0 | 7,682,195 |
Total increase (decrease) in equity | 16,647,000 | 16,647,000 | 6,867,035 | 10,669,716 | 79,509,097 | 90,178,813 | 33,177,288 | 18,691,031 | 51,868,319 | 0 | 165,561,167 | 13,191,033 | 178,752,200 |
Equity at end of period | 147,934,068 | 147,934,068 | 71,659,908 | 80,126,455 | 546,932,523 | 627,058,978 | 59,610,235 | 23,986,945 | 83,597,180 | -18,901 | 930,231,233 | 54,445,569 | 984,676,802 |
Name of CPA Firm | PricewaterhouseCoopers |
Name of CPA 1 | WU, HAN-CHI |
Name of CPA 2 | Chang, Ming-Hui |
Date of Audit (Review) | 2015-03-30 |
Type of Report | |
Audit Report | Y |
Type of Opinion | |
Modified Unqualified Opinion | Y |
Situations for not Issuing a Standard Unqualified Opinion | |
Opinion Based on the Report of Another Auditor - Shared Responsibility | Y |
Description of Matter Emphasized | |
Description of Other Matter | |
Content of Independent Auditors Report | To The Board of Directors and Stockholders Hon Hai Precision Industry Co., Ltd.
We have audited the accompanying consolidated balance sheets of Hon Hai P recision Industry Co., Ltd. and subsidiaries as of December 31, 2014 and 2013 , and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended. These consolidated fin ancial statements are the responsibility of the Company's management. Our re sponsibility is to express an opinion on these consolidated financial stateme nts based on our audits. We did not audit the financial statements of certain consolidated subsidiaries, which statements reflect total assets of NT$206,0 04,889,000 and NT$165,841,382,000, constituting 8.36% and 7.17% of the consol idated total assets as of December 31, 2014 and 2013, respectively, and total operating revenues of NT$205,240,782,000 and NT$158,844,046,000, constitutin g 4.87% and 4.02% of the consolidated total operating revenues for the years then ended, respectively. Those financial statements and the information disc losed in Note 13 were audited by other independent accountants whose reports thereon have been furnished to us, and our opinion expressed herein is based solely on the audit reports of the other independent accountants.
We conducted our audits in accordance with the "Regulations Governing Au diting and Attestation of Financial Statements by Certified Public Accountant s" and generally accepted auditing standards in the Republic of China. Those standards require that we plan and perform the audit to obtain reasonable as surance about whether the financial statements are free of material misstatem ent. An audit includes examining, on a test basis, evidence supporting the am ounts and disclosures in the financial statements. An audit also includes ass essing the accounting principles used and significant estimates made by manag ement, as well as evaluating the overall financial statement presentation. We believe that our audits and the reports of other independent accountants pro vide a reasonable basis for our opinion.
In our opinion, based on our audits and the report of other independent a ccountants, the consolidated financial statements referred to above present f airly, in all material respects, the financial position of Hon Hai Precision Industry Co., Ltd. and subsidiaries as of December 31, 2014 and 2013, and the ir financial performance and cash flows for the years then ended, in conformi ty with the "Rules Governing the Preparations of Financial Statements by Sec urities Issuers" and the International Financial Reporting Standards, Intern ational Accounting Standards, IFRIC Interpretations, and SIC Interpretations as endorsed by the Financial Supervisory Commission.
We have also audited the parent company only financial statements of Hon Hai Precision Industry Co., Ltd as of and for the years ended December 31, 20 14 and 2013, and have expressed a modified unqualified opinion on such financ ial statements.
PricewaterhouseCoopers, Taiwan March 30, 2015
------------------------------------------------------------------------------ The accompanying consolidated financial statements are not intended to pr esent the financial position and results of operations and cash flows in acco rdance with accounting principles generally accepted in countries and jurisdi ctions other than the Republic of China. The standards, procedures and practi ces in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions othe r than the Republic of China. Accordingly, the accompanying consolidated fina ncial statements and report of independent accountants are not intended for u se by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice. As the financial statements are the responsibility of the management, Pri cewaterhouseCoopers cannot accept any liability for the use of, or reliance o n, the English translation or for any errors or misunderstandings that may de rive from the translation.
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Ending balance of assets of subsidiaries whose financial statements were audited or reviewed by other independent accountants | 206004889000 |
Total year-to-date revenues of subsidiaries whose financial statements were audited or reviewed by other independent accountants | 205240782000 |
Ending balance of investments accounted for using equity method whose financial statements were audited or reviewed by other independent accountants | 0 |
Share of year-to-date profit (loss) of associates and joint ventures accounted for using equity method which audited by other independent accountants | 0 |
Ending balance of assets of subsidiaries whose financial statements were on unaudited or unreviewed | 0 |
Year-to-date comprehensive income of subsidiaries whose financial statements were unaudited or unreviewed | 0 |
Ending balance of investments accounted for using equity method whose financial statements were unaudited or unreviewed | 0 |
Share of year-to-date profit (loss) of associates and joint ventures accounted for using equity method whose financial statements were unaudited or unreviewed | 0 |
Related Shares:
Hon Hai Precsn