26th May 2016 08:05
To view the full announcement including the notes section, please click on the following link.
http://www.rns-pdf.londonstockexchange.com/rns/3486Z_1-2016-5-26.pdf
| HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES |
|
| CONSOLIDATED FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT ACCOUNTANTS DECEMBER 31, 2015 AND 2014 |
|
------------------------------------------------------------------------------------------------------------------------------------ For the convenience of readers and for information purpose only, the auditors' report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors' report and financial statements shall prevail. | ||
REPORT OF INDEPENDENT ACCOUNTANTS TRANSLATED FROM CHINESE
|
To The Board of Directors and Stockholders
Hon Hai Precision Industry Co., Ltd.
We have audited the accompanying consolidated balance sheets of Hon Hai Precision Industry Co., Ltd. and subsidiaries as of December 31, 2015 and 2014, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended. These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We did not audit the financial statements of certain consolidated subsidiaries, which statements reflect total assets of NT$184,681,006,000 and NT$206,004,889,000, constituting 8% and 8.36% of the consolidated total assets as of December 31, 2015 and 2014, respectively, and total operating revenues of NT$225,844,217,000 and NT$205,240,782,000, constituting 5.04% and 4.87% of the consolidated total operating revenues for the years then ended, respectively. Those financial statements and the information disclosed 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 Auditing and Attestation of Financial Statements by Certified Public Accountants" and generally accepted auditing standards in the Republic of China. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits and the reports of other independent accountants provide a reasonable basis for our opinion.
In our opinion, based on our audits and the reports of other independent accountants, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Hon Hai Precision Industry Co., Ltd. and subsidiaries as of December 31, 2015 and 2014, and their financial performance and cash flows for the years then ended, in conformity with the "Regulations Governing the Preparation of Financial Reports by Securities Issuers" and the International Financial Reporting Standards, International 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, 2015 and 2014, and have expressed a modified unqualified opinion on such financial statements.
PricewaterhouseCoopers, Taiwan
March 30, 2016
------------------------------------------------------------------------------------------------------------------------------------------------- The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and report of independent accountants are not intended for use 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, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation. |
December 31, 2015 | December 31, 2014 | ||||||||||||||||
Assets | Notes | AMOUNT | % | AMOUNT | % | ||||||||||||
Current assets | |||||||||||||||||
1100 | Cash and cash equivalents | 6(1) | $ | 657,137,721 | 29 | $ | 679,037,301 | 28 | |||||||||
1110 | Financial assets at fair value through profit or loss - current | 6(2) | 6,114,913 | - | 3,438,255 | - | |||||||||||
1125 | Available-for-sale financial assets - current | 6(3) | 627,508 | - | 1,035,704 | - | |||||||||||
1170 | Accounts receivable, net | 6(4) | 564,705,314 | 24 | 748,286,815 | 30 | |||||||||||
1180 | Accounts receivable - related parties | 7 | 26,203,276 | 1 | 24,093,966 | 1 | |||||||||||
1200 | Other receivables | 6(5) and 7 | 43,779,955 | 2 | 45,923,820 | 2 | |||||||||||
130X | Inventory | 6(6) | 424,625,017 | 18 | 369,196,813 | 15 | |||||||||||
1410 | Prepayments | 14,444,295 | 1 | 10,413,141 | - | ||||||||||||
1460 | Non-current assets held for sale - net | 6(7) | - | - | 9,902,089 | - | |||||||||||
1470 | Other current assets | 6(8) and 8 | 50,580,974 | 2 | 41,093,451 | 2 | |||||||||||
11XX | Total current assets | 1,788,218,973 | 77 | 1,932,421,355 | 78 | ||||||||||||
Non-current assets | |||||||||||||||||
1523 | Available-for-sale financial assets - non-current | 6(3) | 38,997,120 | 2 | 52,792,228 | 2 | |||||||||||
1543 | Financial assets carried at cost - non-current | 6(9) | 18,795,163 | 1 | 5,792,900 | - | |||||||||||
1550 | Investments accounted for under equity method | 6(10) | 77,634,937 | 3 | 63,412,270 | 3 | |||||||||||
1600 | Property, plant and equipment | 6(11) and 8 | 336,738,466 | 15 | 358,868,558 | 15 | |||||||||||
1760 | Investment property - net | 6(12) | 3,014,648 | - | 3,164,666 | - | |||||||||||
1780 | Intangible assets | 6(13) | 3,253,837 | - | 4,440,091 | - | |||||||||||
1840 | Deferred income tax assets | 6(36) | 18,303,571 | 1 | 17,376,159 | 1 | |||||||||||
1900 | Other non-current assets | 6(14) and 8 | 23,343,162 | 1 | 24,446,522 | 1 | |||||||||||
15XX | Total non-current assets | 520,080,904 | 23 | 530,293,394 | 22 | ||||||||||||
1XXX | Total assets | $ | 2,308,299,877 | 100 | $ | 2,462,714,749 | 100 | ||||||||||
(Continued)
December 31, 2015 | December 31, 2014 | ||||||||||||||||
Liabilities and Equity | Notes | AMOUNT | % | AMOUNT | % | ||||||||||||
Current liabilities | |||||||||||||||||
2100 | Short-term loans | 6(16) | $ | 70,233,209 | 3 | $ | 226,500,507 | 9 | |||||||||
2110 | Short-term notes and bills payable | 6(15) | 7,000,000 | - | - | - | |||||||||||
2120 | Financial liabilities at fair value through profit or loss - current | 6(2) | 484,773 | - | 1,271,012 | - | |||||||||||
2170 | Accounts payable | 613,195,241 | 27 | 694,315,259 | 28 | ||||||||||||
2180 | Accounts payable - related parties | 7 | 30,862,535 | 1 | 41,014,601 | 2 | |||||||||||
2200 | Other payables | 6(17) and 7 | 197,024,433 | 9 | 223,575,519 | 9 | |||||||||||
2230 | Current income tax liabilities | 6(36) | 32,684,113 | 1 | 31,690,222 | 2 | |||||||||||
2250 | Provisions for liabilities - current | 6(24) | 2,332,882 | - | 2,674,879 | - | |||||||||||
2260 | Liabilities directly related to non-current assets held for sale | 6(7) | - | - | 2,054,833 | - | |||||||||||
2300 | Other current liabilities | 6(18) | 102,305,015 | 5 | 79,504,965 | 3 | |||||||||||
21XX | Total current liabilities | 1,056,122,201 | 46 | 1,302,601,797 | 53 | ||||||||||||
Non-current liabilities | |||||||||||||||||
2530 | Corporate bonds payable | 6(19) | 161,789,254 | 7 | 134,644,413 | 6 | |||||||||||
2540 | Long-term loans | 6(20) | 10,221,175 | 1 | 24,197,727 | 1 | |||||||||||
2570 | Deferred income tax liabilities | 6(36) | 9,580,816 | - | 7,089,517 | - | |||||||||||
2600 | Other non-current liabilities | 6(23) | 10,195,352 | - | 9,504,493 | - | |||||||||||
25XX | Total non-current liabilities | 191,786,597 | 8 | 175,436,150 | 7 | ||||||||||||
2XXX | Total liabilities | 1,247,908,798 | 54 | 1,478,037,947 | 60 | ||||||||||||
Equity | |||||||||||||||||
Equity attributable to owners of parent | |||||||||||||||||
Share capital | 6(25) | ||||||||||||||||
3110 | Share capital - common stock | 156,382,881 | 7 | 147,934,068 | 6 | ||||||||||||
Capital reserve | 6(26) | ||||||||||||||||
3200 | Capital surplus | 81,736,538 | 4 | 71,659,908 | 3 | ||||||||||||
Retained earnings | 6(27) | ||||||||||||||||
3310 | Legal reserve | 93,179,928 | 4 | 80,126,455 | 3 | ||||||||||||
3350 | Undistributed earnings | 616,227,711 | 27 | 546,932,523 | 22 | ||||||||||||
Other equity interest | 6(28) | ||||||||||||||||
3400 | Other equity interest | 60,121,681 | 2 | 83,597,180 | 4 | ||||||||||||
3500 | Treasury stocks | 6(25) | ( | 18,901 | ) | - | ( | 18,901 | ) | - | |||||||
31XX | Equity attributable to owners of the parent | 1,007,629,838 | 44 | 930,231,233 | 38 | ||||||||||||
36XX | Non-controlling interest | 6(29) | 52,761,241 | 2 | 54,445,569 | 2 | |||||||||||
3XXX | Total equity | 1,060,391,079 | 46 | 984,676,802 | 40 | ||||||||||||
Commitments and Contingent Liabilities | 9 | ||||||||||||||||
Subsequent Events | 11 | ||||||||||||||||
3X2X | Total liabilities and equity | $ | 2,308,299,877 | 100 | $ | 2,462,714,749 | 100 | ||||||||||
Year ended December 31 | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Items | Notes | AMOUNT | % | AMOUNT | % | ||||||||||||
4000 | Operating revenue | 6(30) and 7 | $ | 4,482,145,967 | 100 | $ | 4,213,172,321 | 100 | |||||||||
5000 | Operating costs | 6(6)(33)(34) and 7 | ( | 4,161,553,998 | ) | ( | 93 | ) | ( | 3,921,228,465 | ) | ( | 93 | ) | |||
5900 | Net operating margin | 320,591,969 | 7 | 291,943,856 | 7 | ||||||||||||
Operating expenses | 6(33)(34) and 7 | ||||||||||||||||
6100 | Selling expenses | ( | 25,989,320 | ) | - | ( | 26,146,194 | ) | ( | 1 | ) | ||||||
6200 | General and administrative expenses | ( | 77,842,389 | ) | ( | 2 | ) | ( | 73,752,491 | ) | ( | 2 | ) | ||||
6300 | Research and development expenses | ( | 52,491,689 | ) | ( | 1 | ) | ( | 48,853,760 | ) | ( | 1 | ) | ||||
6000 | Total operating expenses | ( | 156,323,398 | ) | ( | 3 | ) | ( | 148,752,445 | ) | ( | 4 | ) | ||||
6900 | Operating profit | 164,268,571 | 4 | 143,191,411 | 3 | ||||||||||||
Non-operating income and expenses | |||||||||||||||||
7010 | Other income | 6(31) | 33,128,050 | 1 | 31,872,566 | 1 | |||||||||||
7020 | Other gains and losses | 6(32) | 15,603,891 | - | 11,083,457 | - | |||||||||||
7050 | Finance costs | 6(4)(35) | ( | 18,870,539 | ) | - | ( | 15,007,075 | ) | - | |||||||
7060 | Share of profit of associates and joint ventures accounted for under equity method | 6(10) | 4,908,342 | - | 2,980,013 | - | |||||||||||
7000 | Total non-operating income and expenses | 34,769,744 | 1 | 30,928,961 | 1 | ||||||||||||
7900 | Profit before income tax | 199,038,315 | 5 | 174,120,372 | 4 | ||||||||||||
7950 | Income tax expense | 6(36) | ( | 48,836,899 | ) | ( | 1 | ) | ( | 41,638,550 | ) | ( | 1 | ) | |||
8200 | Profit for the year | $ | 150,201,416 | 4 | $ | 132,481,822 | 3 | ||||||||||
(Continued)
Year ended December 31 | |||||||||||||||||
2015 | 2014 | ||||||||||||||||
Items | Notes | AMOUNT | % | AMOUNT | % | ||||||||||||
Other comprehensive income | |||||||||||||||||
Components of other comprehensive loss that will not be reclassified to profit or loss | |||||||||||||||||
8311 | Remeasurement of defined benefit plan | 6(21) | ( | $ | 154,574 | ) | - | ( | $ | 39,784 | ) | - | |||||
8349 | Income tax relating to components of other comprehensive income | 6(36) | 26,278 | - | 6,763 | - | |||||||||||
8310 | Components of other comprehensive loss that will not be reclassified to profit or loss | ( | 128,296 | ) | - | ( | 33,021 | ) | - | ||||||||
Components of other comprehensive (loss) income that will be reclassified to profit or loss | |||||||||||||||||
8361 | Financial statements translation differences of foreign operations | 6(28)(29) | ( | 12,294,193 | ) | - | 36,576,979 | 1 | |||||||||
8362 | Unrealized (loss) gain on valuation of available-for-sale financial assets | 6(28)(29) | ( | 16,168,326 | ) | ( | 1 | ) | 18,419,522 | - | |||||||
8370 | Share of other comprehensive (loss) income of associates and joint ventures accounted for under equity method | 6(28) | ( | 482,017 | ) | - | 606,016 | - | |||||||||
8360 | Components of other comprehensive (loss) income that will be reclassified to profit or loss | ( | 28,944,536 | ) | ( | 1 | ) | 55,602,517 | 1 | ||||||||
8300 | Other comprehensive (loss) income for the year | ( | $ | 29,072,832 | ) | ( | 1 | ) | $ | 55,569,496 | 1 | ||||||
8500 | Total comprehensive income for the year | $ | 121,128,584 | 3 | $ | 188,051,318 | 4 | ||||||||||
Profit attributable to: | |||||||||||||||||
8610 | Owners of the parent | $ | 146,866,977 | 4 | $ | 130,534,729 | 3 | ||||||||||
8620 | Non-controlling interest | 3,334,439 | - | 1,947,093 | - | ||||||||||||
$ | 150,201,416 | 4 | $ | 132,481,822 | 3 | ||||||||||||
Comprehensive income attributable to: | |||||||||||||||||
8710 | Owners of the parent | $ | 123,263,182 | 3 | $ | 182,370,027 | 4 | ||||||||||
8720 | Non-controlling interest | ( | 2,134,598 | ) | - | 5,681,291 | - | ||||||||||
$ | 121,128,584 | 3 | $ | 188,051,318 | 4 | ||||||||||||
Earnings per share (in dollars) | 6(37) | ||||||||||||||||
9750 | Basic earnings per share | $ | 9.42 | $ | 8.40 | ||||||||||||
9850 | Diluted earnings per share | $ | 9.31 | $ | 8.32 | ||||||||||||
2014 | ||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2014 | $ 131,287,068 | $ 64,792,873 | $ 69,456,739 | $ 467,423,426 | $ 26,432,947 | $ 5,295,914 | $ - | ( | $ 18,901 | ) | $ 764,670,066 | $ 41,254,536 | $ 805,924,602 | |||||||||||||||||||||||||||||||||
Appropriations of 2013 earnings: | ||||||||||||||||||||||||||||||||||||||||||||||
Legal reserve | 6(27) | - | - | 10,669,716 | ( | 10,669,716 | ) | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Cash dividends | 6(27) | - | - | - | ( | 23,631,672 | ) | - | - | - | - | ( | 23,631,672 | ) | - | ( | 23,631,672 | ) | ||||||||||||||||||||||||||||
Stock dividends | 6(27) | 15,754,448 | - | - | ( | 15,754,448 | ) | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Employees' stock bonus | 6(33) | 892,552 | 6,789,643 | - | - | - | - | - | - | 7,682,195 | - | 7,682,195 | ||||||||||||||||||||||||||||||||||
Consolidated net income | - | - | - | 130,534,729 | - | - | - | - | 130,534,729 | 1,947,093 | 132,481,822 | |||||||||||||||||||||||||||||||||||
Other comprehensive income, net of income tax | 6(28) | - | - | - | ( | 33,021 | ) | 33,177,288 | 18,691,031 | - | - | 51,835,298 | 3,734,198 | 55,569,496 | ||||||||||||||||||||||||||||||||
Changes in equity of associates and joint ventures accounted for under the equity method | 6(29) | - | 127,968 | - | ( | 12,462 | ) | - | - | - | - | 115,506 | - | 115,506 | ||||||||||||||||||||||||||||||||
Adjustments arising from changes in percentage of ownership in subsidiaries | 6(28) | - | ( | 50,576 | ) | - | ( | 924,313 | ) | - | - | - | - | ( | 974,889 | ) | - | ( | 974,889 | ) | ||||||||||||||||||||||||||
Increase in non-controlling interests - subsidiaries | - | - | - | - | - | - | - | - | - | 7,509,742 | 7,509,742 | |||||||||||||||||||||||||||||||||||
Balance at December 31, 2014 | $ 147,934,068 | $ 71,659,908 | $ 80,126,455 | $ 546,932,523 | $ 59,610,235 | $ 23,986,945 | $ - | ( | $ 18,901 | ) | $ 930,231,233 | $ 54,445,569 | $ 984,676,802 | |||||||||||||||||||||||||||||||||
2015 | ||||||||||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2015 | $ 147,934,068 | $ 71,659,908 | $ 80,126,455 | $ 546,932,523 | $ 59,610,235 | $ 23,986,945 | $ - | ( | $ 18,901 | ) | $ 930,231,233 | $ 54,445,569 | $ 984,676,802 | |||||||||||||||||||||||||||||||||
Appropriations of 2014 earnings: | ||||||||||||||||||||||||||||||||||||||||||||||
Legal reserve | 6(27) | - | - | 13,053,473 | ( | 13,053,473 | ) | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Cash dividends | 6(27) | - | - | - | ( | 56,214,946 | ) | - | - | - | - | ( | 56,214,946 | ) | - | ( | 56,214,946 | ) | ||||||||||||||||||||||||||||
Stock dividends | 6(27) | 7,396,703 | - | - | ( | 7,396,703 | ) | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Employees' stock bonus | 6(33) | 1,052,110 | 8,346,391 | - | - | - | - | - | - | 9,398,501 | - | 9,398,501 | ||||||||||||||||||||||||||||||||||
Consolidated net income | - | - | - | 146,866,977 | - | - | - | - | 146,866,977 | 3,334,439 | 150,201,416 | |||||||||||||||||||||||||||||||||||
Other comprehensive loss | 6(28) | - | - | - | ( | 128,296 | ) | ( | 6,675,947 | ) | ( | 16,799,552 | ) | - | - | ( | 23,603,795 | ) | ( | 5,469,037 | ) | ( | 29,072,832 | ) | ||||||||||||||||||||||
Changes in equity of associates and joint ventures accounted for under the equity method | 6(29) | - | 1,731,828 | - | - | - | - | - | - | 1,731,828 | - | 1,731,828 | ||||||||||||||||||||||||||||||||||
Issuance of restricted stocks | 6(22) | 3,550,000 | 17,831,955 | - | - | - | - | ( | 21,381,955 | ) | - | - | - | - | ||||||||||||||||||||||||||||||||
Restricted stock revoked due to employees not meeting the vesting condition | 6(22) | ( | 3,550,000 | ) | ( | 17,831,955 | ) | - | - | - | - | 21,381,955 | - | - | - | - | ||||||||||||||||||||||||||||||
Adjustments arising from changes in percentage of ownership in subsidiaries | 6(28) | - | ( | 1,589 | ) | - | ( | 778,371 | ) | - | - | - | - | ( | 779,960 | ) | - | ( | 779,960 | ) | ||||||||||||||||||||||||||
Increase in non-controlling interests | 6(29) | - | - | - | - | - | - | - | - | - | 450,270 | 450,270 | ||||||||||||||||||||||||||||||||||
Balance at December 31, 2015 | $ 156,382,881 | $ 81,736,538 | $ 93,179,928 | $ 616,227,711 | $ 52,934,288 | $ 7,187,393 | $ - | ( | $ 18,901 | ) | $ 1,007,629,838 | $ 52,761,241 | $ 1,060,391,079 |
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||
Profit before tax | $ | 199,038,315 | $ | 174,120,372 | |||||||
Adjustments | |||||||||||
Adjustments to reconcile profit (loss) | |||||||||||
Depreciation | 6(33) | 70,330,897 | 69,402,883 | ||||||||
Amortization | 6(33) | 926,227 | 828,967 | ||||||||
Provision for doubtful accounts and sales discount | 452,769 | 298,790 | |||||||||
Impairment loss | 6(32) | 2,595,631 | 1,706,217 | ||||||||
Gain on disposal of property, plant and equipment, net | 6(32) | ( | 631,716 | ) | ( | 565,745 | ) | ||||
Loss (gain) on financial assets or liabilities at fair value through profit or loss, net | 6(32) | 3,801,694 | ( | 2,374,063 | ) | ||||||
Share of profit of associates and joint ventures accounted for using equity method | ( | 4,908,342 | ) | ( | 2,980,013 | ) | |||||
Gain on disposal of investment | 6(32) | ( | 4,624,214 | ) | ( | 3,010,171 | ) | ||||
Gain on disposal of non-current assets held for sale | 6(7) | ( | 28,375 | ) | - | ||||||
Interest expense | 6(35) | 18,864,432 | 14,861,301 | ||||||||
Interest income | 6(31) | ( | 26,024,974 | ) | ( | 26,053,459 | ) | ||||
Dividend income | 6(31) | ( | 895,708 | ) | ( | 676,006 | ) | ||||
Changes in operating assets and liabilities | |||||||||||
Changes in operating assets | |||||||||||
Financial assets held for trading | ( | 7,264,591 | ) | 1,364,986 | |||||||
Notes receivable | 237,111 | ( | 118,291 | ) | |||||||
Accounts receivable | 181,012,131 | ( | 20,273,246 | ) | |||||||
Increase in accounts receivable due from related parties | ( | 1,010,161 | ) | ( | 4,145,708 | ) | |||||
Other receivables | 8,378,661 | ( | 5,024,877 | ) | |||||||
Inventories | ( | 55,428,204 | ) | ( | 56,411,721 | ) | |||||
Prepayments | ( | 4,028,787 | ) | ( | 4,019,388 | ) | |||||
Changes in operating liabilities | |||||||||||
Accounts payable | ( | 81,164,085 | ) | 11,008,696 | |||||||
Accounts payable to related parties | ( | 10,152,066 | ) | 11,252,862 | |||||||
Other payables | ( | 6,122,819 | ) | 42,818,053 | |||||||
Provisions for liabilities - current | ( | 341,997 | ) | 268,543 | |||||||
Other current liabilities | 5,403,159 | 23,185,244 | |||||||||
Accrued pension liabilities | 186,767 | 5,720 | |||||||||
Cash inflow generated from operations | 288,601,755 | 225,469,946 | |||||||||
Income taxes (paid) | ( | 46,279,121 | ) | ( | 34,794,235 | ) | |||||
Net cash flows from operating activities | 242,322,634 | 190,675,711 |
(Continued)
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||
Acquisition of property, plant and equipment | 6(38) | ( | $ | 70,959,526 | ) | ( | $ | 27,565,013 | ) | ||
Increase in other financial assets - current | ( | 9,487,523 | ) | ( | 35,928,290 | ) | |||||
Acquisition of available-for-sale financial assets | ( | 3,149,709 | ) | ( | 15,493,910 | ) | |||||
Acquisition of investments accounted for under equity method | ( | 7,930,360 | ) | ( | 14,047,766 | ) | |||||
Acquisition of financial assets at cost | ( | 13,150,561 | ) | ( | 1,173,338 | ) | |||||
Acquisition of intangible assets | 6(13) | ( | 56,610 | ) | ( | 128,600 | ) | ||||
Proceeds from disposal of financial assets carried at cost | 11,316 | 475,330 | |||||||||
Proceeds from disposal of available-for-sale financial assets | 7,460,257 | 4,318,161 | |||||||||
Proceeds from disposal of investments accounted for using equity method | 314,656 | 181,120 | |||||||||
Proceeds from disposal of property, plant and equipment | 4,718,741 | 1,006,829 | |||||||||
Proceeds from disposal of non-current assets held for sale | 6(7) | 3,433,375 | - | ||||||||
Increase in accounts receivable due from related parties | 7 | ( | 1,107,647 | ) | ( | 475,107 | ) | ||||
Interest received | 20,897,825 | 25,844,433 | |||||||||
Dividends received | 3,379,604 | 1,615,892 | |||||||||
(Increase) decrease in other financial assets - non-current | ( | 12,677 | ) | 1,300 | |||||||
Increase in other prepayments | ( | 368,768 | ) | ( | 150,405 | ) | |||||
Increase in other non-current assets | ( | 157,666 | ) | ( | 980,840 | ) | |||||
Other investing activities | 425,612 | 249,839 | |||||||||
Net cash flows used in investing activities | ( | 65,739,661 | ) | ( | 62,250,365 | ) | |||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||
Decrease in short-term loans | ( | 156,067,298 | ) | ( | 146,255,411 | ) | |||||
Increase (decrease) in short-term notes and bills payable | 7,000,000 | ( | 20,000,000 | ) | |||||||
Proceeds from issuing bonds | 50,212,659 | 53,118,404 | |||||||||
Repayment of bonds payable | ( | 16,500,000 | ) | ( | 6,410,000 | ) | |||||
Proceeds from long-term debt | 2,745,533 | 1,338,490 | |||||||||
Repayment of long-term debt | ( | 8,169,988 | ) | ( | 8,110,433 | ) | |||||
Increase (decrease) in other non-current liabilities | 55,315 | ( | 266,032 | ) | |||||||
Cash dividends paid | 6(27) | ( | 56,214,946 | ) | ( | 23,631,672 | ) | ||||
Changes in non-controlling interests | 6(29) | 450,270 | 6,024,812 | ||||||||
Interest paid | ( | 14,689,929 | ) | ( | 14,026,640 | ) | |||||
Net cash flows used in financing activities | ( | 191,178,384 | ) | ( | 158,218,482 | ) | |||||
Effect of exchange rate changes on cash and cash equivalents | ( | 7,304,169 | ) | 14,803,392 | |||||||
Net decrease in cash and cash equivalents | ( | 21,899,580 | ) | ( | 14,989,744 | ) | |||||
Cash and cash equivalents at beginning of year | 679,037,301 | 694,027,045 | |||||||||
Cash and cash equivalents at end of year | $ | 657,137,721 | $ | 679,037,301 |
Related Shares:
Hon Hai Precsn