14th Aug 2013 12:02
| June 30, 2013 | December 31, 2012 | June 30, 2012 | January 1, 2012 | |||||||||||||||||||||||||||
Assets | Notes | AMOUNT | % | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||
1100 | Cash and cash equivalents | 6(1) | $ | 602,490,947 | 31 | $ | 505,526,956 | 25 | $ | 637,339,044 | 33 | $ | 329,793,633 | 19 | |||||||||||||||||
1110 | Financial assets at fair value through profit or loss - current | 6(2) | 430,089 | - | 140,220 | - | 139,524 | - | 70,329 | - | |||||||||||||||||||||
1125 | Available-for-sale financial assets - current | 6(3) | 835,126 | - | 777,410 | - | 672,254 | - | 674,287 | - | |||||||||||||||||||||
1170 | Accounts receivable, net | 6(4) | 432,318,438 | 22 | 597,578,990 | 29 | 413,351,344 | 22 | 450,757,984 | 26 | |||||||||||||||||||||
1180 | Accounts receivable - related parties | 7 | 20,383,827 | 1 | 35,469,651 | 2 | 14,648,865 | 1 | 25,291,811 | 2 | |||||||||||||||||||||
1200 | Other receivables | 6(5) and 7 | 48,380,966 | 3 | 38,235,975 | 2 | 32,275,867 | 2 | 34,679,896 | 2 | |||||||||||||||||||||
130X | Inventory | 6(6) | 325,423,059 | 17 | 349,882,643 | 17 | 309,969,848 | 16 | 380,521,794 | 22 | |||||||||||||||||||||
1410 | Prepayments | 8,341,639 | - | 7,647,041 | - | 5,479,699 | - | 7,119,919 | - | ||||||||||||||||||||||
1470 | Other current assets | 6(7) and 8 | 2,338,763 | - | 947,222 | - | 58,416,794 | 3 | 46,741,750 | 3 | |||||||||||||||||||||
11XX | Current Assets | 1,440,942,854 | 74 | 1,536,206,108 | 75 | 1,472,293,239 | 77 | 1,275,651,403 | 74 | ||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||
1510 | Financial assets at fair value through profit or loss - noncurrent | 6(2) | 179,300 | - | 179,300 | - | - | - | - | - | |||||||||||||||||||||
1523 | Available-for-sale financial assets - noncurrent | 6(3) | 13,324,381 | 1 | 12,498,717 | 1 | 14,496,358 | 1 | 9,365,511 | - | |||||||||||||||||||||
1543 | Financial assets carried at cost - noncurrent | 6(8) | 9,411,632 | 1 | 8,591,982 | - | 4,028,922 | - | 4,018,056 | - | |||||||||||||||||||||
1550 | Investments accounted for under equity method | 6(9) | 43,542,238 | 2 | 41,958,943 | 2 | 37,577,278 | 2 | 37,792,058 | 2 | |||||||||||||||||||||
1600 | Property, plant and equipment | 6(10) | 399,687,780 | 20 | 405,155,076 | 20 | 357,201,243 | 19 | 368,166,092 | 21 | |||||||||||||||||||||
1760 | Investment property - net | 6(11) | 2,425,292 | - | 1,231,003 | - | 1,284,306 | - | 1,345,340 | - | |||||||||||||||||||||
1780 | Intangible assets | 6(12) | 3,871,822 | - | 3,954,469 | - | 551,166 | - | 695,266 | - | |||||||||||||||||||||
1840 | Deferred income tax assets | 6(35) | 13,036,059 | 1 | 10,951,902 | 1 | 9,949,962 | - | 10,560,705 | 1 | |||||||||||||||||||||
1900 | Other non-current assets | 6(13) and 8 | 24,944,061 | 1 | 29,510,605 | 1 | 25,135,062 | 1 | 27,340,133 | 2 | |||||||||||||||||||||
15XX | Non-current assets | 510,422,565 | 26 | 514,031,997 | 25 | 450,224,297 | 23 | 459,283,161 | 26 | ||||||||||||||||||||||
1XXX | Total assets | $ | 1,951,365,419 | 100 | $ | 2,050,238,105 | 100 | $ | 1,922,517,536 | 100 | $ | 1,734,934,564 | 100 | ||||||||||||||||||
Liabilities and Equity | |||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||
2100 | Short-term borrowings | 6(14) | $ | 357,221,512 | 19 | $ | 297,572,165 | 15 | $ | 473,585,750 | 25 | $ | 260,522,749 | 15 | |||||||||||||||||
2110 | Short-term notes and bills payable | 6(15) | 5,593,757 | - | 7,991,597 | - | 5,494,490 | - | 7,989,312 | - | |||||||||||||||||||||
2120 | Financial liabilities at fair value through profit or loss - current | 6(2) | 84,139 | - | 82,055 | - | 4,573,592 | - | 251,834 | - | |||||||||||||||||||||
2170 | Accounts payable | 451,409,441 | 23 | 602,755,794 | 29 | 465,309,959 | 24 | 519,725,102 | 30 | ||||||||||||||||||||||
2180 | Accounts payable - related parties | 7 | 26,710,286 | 2 | 35,614,847 | 2 | 34,541,700 | 2 | 28,769,177 | 2 | |||||||||||||||||||||
2200 | Other payables | 6(16) | 138,197,537 | 7 | 196,267,554 | 10 | 138,101,510 | 7 | 123,145,854 | 7 | |||||||||||||||||||||
2230 | Current income tax liabilities | 6(35) | 18,099,660 | 1 | 19,177,206 | 1 | 11,644,808 | 1 | 19,939,503 | 1 | |||||||||||||||||||||
2250 | Provisions for liabilities - current | 6(23) | 2,030,576 | - | 3,464,280 | - | 3,536,429 | - | 7,302,884 | - | |||||||||||||||||||||
2300 | Other current liabilities | 6(17) | 103,396,777 | 5 | 89,442,390 | 4 | 22,542,518 | 1 | 25,879,538 | 2 | |||||||||||||||||||||
21XX | Current Liabilities | 1,102,743,685 | 57 | 1,252,367,888 | 61 | 1,159,330,756 | 60 | 993,525,953 | 57 | ||||||||||||||||||||||
(Continued)
June 30, 2013 | December 31, 2012 | June 30, 2012 | January 1, 2012 | ||||||||||||||||||||||||||||
Liabilities and Equity | Notes | AMOUNT | % | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||
2500 | Financial liabilities at fair value through profit or loss - noncurrent | 6(2) | $ | - | - | $ | - | - | $ | 7,032 | - | $ | 470,158 | - | |||||||||||||||||
2530 | Corporate bonds payable | 6(18) | 90,903,899 | 5 | 74,980,461 | 4 | 77,326,947 | 4 | 62,378,777 | 4 | |||||||||||||||||||||
2540 | Long-term borrowings | 6(19) | 14,385,724 | 1 | 30,707,957 | 2 | 53,504,834 | 3 | 53,600,100 | 3 | |||||||||||||||||||||
2570 | Deferred income tax liabilities | 6(35) | 4,210,831 | - | 4,148,965 | - | 3,409,729 | - | 3,927,601 | - | |||||||||||||||||||||
2600 | Other non-current liabilities | 6(22) | 10,061,572 | - | 7,119,084 | - | 7,542,391 | 1 | 6,256,685 | 1 | |||||||||||||||||||||
25XX | Non-current liabilities | 119,562,026 | 6 | 116,956,467 | 6 | 141,790,933 | 8 | 126,633,321 | 8 | ||||||||||||||||||||||
2XXX | Total Liabilities | 1,222,305,711 | 63 | 1,369,324,355 | 67 | 1,301,121,689 | 68 | 1,120,159,274 | 65 | ||||||||||||||||||||||
Equity | |||||||||||||||||||||||||||||||
Equity attributable to owners of parent | |||||||||||||||||||||||||||||||
Share capital | 6(24) | ||||||||||||||||||||||||||||||
3110 | Share capital - common stock | 118,358,665 | 6 | 118,358,665 | 6 | 106,890,967 | 6 | 106,890,967 | 6 | ||||||||||||||||||||||
3150 | Stock dividends to be distributed | 18,658,757 | 1 | - | - | 16,563,649 | 1 | - | - | ||||||||||||||||||||||
Capital surplus | 6(25) | ||||||||||||||||||||||||||||||
3200 | Captial surplus | 59,505,263 | 3 | 58,932,078 | 3 | 53,215,791 | 3 | 53,206,711 | 3 | ||||||||||||||||||||||
Retained earnings | 6(26) | ||||||||||||||||||||||||||||||
3310 | Legal reserve | 69,456,739 | 4 | 59,980,502 | 3 | 59,980,502 | 3 | 51,821,402 | 3 | ||||||||||||||||||||||
3350 | Total unappropriated retained earnings (accumulated deficit) | 392,799,144 | 20 | 399,791,359 | 19 | 333,260,941 | 17 | 340,192,127 | 20 | ||||||||||||||||||||||
Other equity interest | 6(27) | ||||||||||||||||||||||||||||||
3400 | Other equity interest | 31,994,231 | 1 | 7,805,557 | - | 16,266,920 | - | 25,495,188 | 1 | ||||||||||||||||||||||
3500 | Treasury stocks | 6(24) | ( | 18,901 | ) | - | ( | 18,901 | ) | - | ( | 18,901 | ) | - | ( | 18,901 | ) | - | |||||||||||||
31XX | Equity attributable to owners of the parent | 690,753,898 | 35 | 644,849,260 | 31 | 586,159,869 | 30 | 577,587,494 | 33 | ||||||||||||||||||||||
36XX | Non-controlling interest | 6(28) | 38,305,810 | 2 | 36,064,490 | 2 | 35,235,978 | 2 | 37,187,796 | 2 | |||||||||||||||||||||
3XXX | Total equity | 729,059,708 | 37 | 680,913,750 | 33 | 621,395,847 | 32 | 614,775,290 | 35 | ||||||||||||||||||||||
9 | |||||||||||||||||||||||||||||||
11 | |||||||||||||||||||||||||||||||
Total liabilities and equity | $ | 1,951,365,419 | 100 | $ | 2,050,238,105 | 100 | $ | 1,922,517,536 | 100 | $ | 1,734,934,564 | 100 | |||||||||||||||||||
The accompanying notes are an integral part of these consolidated financial statements.See review report of independent accountants dated August 13, 2013.
Three months ended June 30 | Six months ended June 30 | ||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||
Items | Notes | AMOUNT | % | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||||||||||||
4000 | Sales revenue | 6(29) and 7 | $ | 895,617,497 | 100 | $ | 891,917,151 | 100 | $ | 1,704,629,448 | 100 | $ | 1,893,202,811 | 100 | |||||||||||||||||
5000 | Operating costs | 6(6)(32)(33) and 7 | ( | 843,684,571 | ) | ( | 94 | ) | ( | 837,980,104 | ) | ( | 94 | ) | ( | 1,606,783,435 | ) | ( | 94 | ) | ( | 1,790,857,910 | ) | ( | 95 | ) | |||||
5900 | Net operating margin | 51,932,926 | 6 | 53,937,047 | 6 | 97,846,013 | 6 | 102,344,901 | 5 | ||||||||||||||||||||||
Operating expenses | 6(32)(33) | ||||||||||||||||||||||||||||||
6100 | Selling expenses | ( | 5,655,751 | ) | ( | 1 | ) | ( | 5,765,762 | ) | ( | 1 | ) | ( | 10,640,350 | ) | ( | 1 | ) | ( | 11,508,945 | ) | - | ||||||||
6200 | General & administrative expenses | ( | 16,950,476 | ) | ( | 2 | ) | ( | 16,001,053 | ) | ( | 2 | ) | ( | 34,424,614 | ) | ( | 2 | ) | ( | 34,036,506 | ) | ( | 2 | ) | ||||||
6300 | Research and development expenses | ( | 10,723,867 | ) | ( | 1 | ) | ( | 10,772,816 | ) | ( | 1 | ) | ( | 20,271,226 | ) | ( | 1 | ) | ( | 19,938,878 | ) | ( | 1 | ) | ||||||
6000 | Total operating expenses | ( | 33,330,094 | ) | ( | 4 | ) | ( | 32,539,631 | ) | ( | 4 | ) | ( | 65,336,190 | ) | ( | 4 | ) | ( | 65,484,329 | ) | ( | 3 | ) | ||||||
6900 | Operating profit | 18,602,832 | 2 | 21,397,416 | 2 | 32,509,823 | 2 | 36,860,572 | 2 | ||||||||||||||||||||||
Non-operating income and expenses | |||||||||||||||||||||||||||||||
7010 | Other income | 6(30) | 4,185,192 | - | 6,475,854 | 1 | 7,125,786 | - | 9,351,688 | - | |||||||||||||||||||||
7020 | Other gains and losses | 6(31) | 4,285,658 | 1 | ( | 8,785,900 | ) | ( | 1 | ) | 10,974,131 | 1 | ( | 5,237,311 | ) | - | |||||||||||||||
7050 | Finance costs | 6(34) | ( | 2,021,279 | ) | - | ( | 3,297,539 | ) | - | ( | 3,916,336 | ) | - | ( | 5,122,622 | ) | - | |||||||||||||
7060 | Share of profit/(loss) of associates and joint ventures accounted for under equity method | 6(9) | 491,414 | - | 807,729 | - | 1,447,586 | - | 1,127,817 | - | |||||||||||||||||||||
7000 | Total non-operating revenue and expenses | 6,940,985 | 1 | ( | 4,799,856 | ) | - | 15,631,167 | 1 | 119,572 | - | ||||||||||||||||||||
7900 | Profit before income tax | 25,543,817 | 3 | 16,597,560 | 2 | 48,140,990 | 3 | 36,980,144 | 2 | ||||||||||||||||||||||
7950 | Income tax (expense) benefit | 6(35) | ( | 8,613,432 | ) | ( | 1 | ) | ( | 5,753,308 | ) | ( | 1 | ) | ( | 14,860,281 | ) | ( | 1 | ) | ( | 11,053,586 | ) | ( | 1 | ) | |||||
8200 | Profit for the year | $ | 16,930,385 | 2 | $ | 10,844,252 | 1 | $ | 33,280,709 | 2 | $ | 25,926,558 | 1 | ||||||||||||||||||
Other comprehensive income | |||||||||||||||||||||||||||||||
8310 | Financial statements translation differences of foreign operations | $ | 8,526,477 | 1 | $ | 1,496,256 | - | $ | 25,120,147 | 1 | ( | $ | 10,459,708 | ) | - | ||||||||||||||||
8325 | Unrealized gain (loss) on valuation of available-for-sale financial assets | ( | 885,076 | ) | - | ( | 494,920 | ) | - | ( | 398,364 | ) | - | 1,554,942 | - | ||||||||||||||||
8370 | Share of other comprehensive income of associates and joint ventures accounted for uner equity method | 483,360 | - | ( | 1,811 | ) | - | 869,649 | - | ( | 656,513 | ) | - | ||||||||||||||||||
8300 | Other comprehensive income for the year | $ | 8,124,761 | 1 | $ | 999,525 | - | $ | 25,591,432 | 1 | ( | $ | 9,561,279 | ) | - | ||||||||||||||||
8500 | Total comprehensive income for the year | $ | 25,055,146 | 3 | $ | 11,843,777 | 1 | $ | 58,872,141 | 3 | $ | 16,365,279 | 1 | ||||||||||||||||||
Profit (loss), attributable to: | |||||||||||||||||||||||||||||||
8610 | Owners of the parent | $ | 16,977,649 | 2 | $ | 12,059,161 | 1 | $ | 33,330,162 | 2 | $ | 27,950,656 | 1 | ||||||||||||||||||
8620 | Non-controlling interest | ( | 47,264 | ) | - | ( | 1,214,909 | ) | - | ( | 49,453 | ) | - | ( | 2,024,098 | ) | - | ||||||||||||||
$ | 16,930,385 | 2 | $ | 10,844,252 | 1 | $ | 33,280,709 | 2 | $ | 25,926,558 | 1 | ||||||||||||||||||||
Comprehensive income attributable to: | |||||||||||||||||||||||||||||||
8710 | Owners of the parent | $ | 23,808,004 | 3 | $ | 13,531,671 | 1 | $ | 57,518,836 | 3 | $ | 18,722,388 | 1 | ||||||||||||||||||
8720 | Non-controlling interest | 1,247,142 | - | ( | 1,687,894 | ) | - | 1,353,305 | - | ( | 2,357,109 | ) | - | ||||||||||||||||||
$ | 25,055,146 | 3 | $ | 11,843,777 | 1 | $ | 58,872,141 | 3 | $ | 16,365,279 | 1 | ||||||||||||||||||||
Basic earnings per share | 6(36) | ||||||||||||||||||||||||||||||
9750 | Total basic earnings per share | $ | 1.30 | $ | 0.93 | $ | 2.56 | $ | 2.15 | ||||||||||||||||||||||
9850 | Total diluted earnings per share | $ | 1.27 | $ | 0.91 | $ | 2.49 | $ | 2.11 | ||||||||||||||||||||||
Related Shares:
Hon Hai Precsn