Summary consolidated balance sheet - IFRS-compliant

Unit: NTD thousands
Year   Financial information for the last 5 years (*1)
  Item 2016 2017 2018 2019 2020
Current assets  27,799,554 29,141,420 31,472,160 39,323,212 35,110,091
Property, plant and equipment  4,717,422 4,437,684     5,509,536   7,363,740 6,542,015
Right-of-use assets  - - - 1,843,153 1,568,052 
Intangible assets  2,673,670 2,730,188 4,463,979 2,501,156 2,370,578
Other assets   1,931,403  1,465,851 1,715,826 2,114,693 1,716,346
Total assets  37,122,049 37,775,143 43,161,501  53,145,954  47,307,082 
Current liabilities  Before dividend 22,801,219 23,114,653 26,060,819 33,562,806 27,940,913
After dividend 23,913,105  24,544,721  27,133,160 34,639,682  29,295,786
Lease liabilities - non-current -  -  -  1,195,744  981,436
Non-current liabilities 2,076,372  1,678,688 2,130,564  3,883,764 2,884,143 
Total liabilities Before dividend 24,877,591 24,793,341  28,191,383  38,642,314 31,806,492
After dividend 25,989,477  26,223,409 29,263,724 39,719,190 33,161,365
Equity attributable to parent company shareholders 10,999,724 11,385,272 11,625,821 12,308,002 13,287,833
Share capital 4,424,367 4,459,968 4,474,523 4,485,808  4,508,983
Capital reserves 791,466 1,232,490 1,377,077  1,483,045  1,567,628 
Retained earnings Before dividend 5,665,353 6,087,685  6,525,331  7,533,016  8,370,872 
After dividend 4,553,467  4,657,617  5,452,990  6,456,140 7,015,999
Other equity items 118,538 (394,871)  (751,110)  (1,193,867)  (1,159,650)
Treasury stocks - - -
Non-controlling interests 1,244,734 1,596,530  3,344,297  2,195,638 2,212,757 
Total shareholders' equity Before dividend 12,244,458 12,981,802  14,970,118  14,503,640  15,500,590 
After dividend 11,132,572 11,551,734 13,897,777  13,426,764 14,145,171 

*1:All financial information from 2016 to 2020 has been audited 


Summary consolidated statement of comprehensive income - IFRS-compliant

Unit: NTD thousands
Year  Financial information for the last 5 years (*1)
Item 2016 2017 2018 2019 2020
Operating revenues 64,329,462 60,741,692 64,811,408 80,649,608 68,240,939
Gross profit 7,267,187 7,480,007 7,789,423 9,431,016 8,111,074
Operating profit 2,373,471 2,199,905 1,942,514 2,762,627 2,299,797
Non-operating income and expenses 390,981 647,675 421,688 151,274 178,640
Pre-tax profit 2,764,452 2,847,580 2,364,202 2,913,901 2,478,437
Current net income from continuing operations 1,986,766 2,168,981 1,913,975 2,262,919 1,944,267
Loss from discontinued operations 61,896
Current net profit 2,048,662 2,168,981 1,913,975 2,262,919 1,944,267
Other comprehensive income for the current period (net, after-tax) (547,079) (445,910) (327,319) (544,662) (4,663)
Total comprehensive income for the current period 1,501,583 1,723,071 1,586,656 1,718,257 1,939,604
Net income attributable to parent company shareholders 1,934,070 2,057,415 1,826,870 2,134,870 1,919,265
Net income attributable to non-controlling shareholders 114,592 111,566 87,105 128,049 25,002
Comprehensive income attributable to parent company shareholders  1,432,480 1,606,886 1,504,297 1,644,893 1,927,312
Comprehensive income attributable to non-controlling shareholders  69,103 116,185 82,359 73,364 12,292
EPS (*2) 4.40 4.67 4.12 4.80 4.30
*1:All financial information from 2016 to 2020 has been audited
*2:Basic earnings per share

 

Financial analysis - IFRS-compliant (consolidated)

Year  Financial analysis for the last 5 years
 Analysis 2016 2017 2018 2019 2020
Financial position(%)   Debt to assets ratio 67.02 65.63 65.32 72.71 67.23
 Long-term capital to property, plant and equipment 303.57 330.36 310.38 265.94 296.03
Solvency(%)   Current ratio 121.92 126.07 120.76  117.16 125.66
 Quick ratio 90.80 94.40 88.58 81.39 83.14
 Interest coverage ratio 31.55 88.06 63.21 15.35 15.02
Operating efficiency   Accounts receivable turnover (times) 4.59  4.56  4.41   4.43 4.10
 Average cash collection days 79.52 80.04 82.77 82.39 89.02
 Inventory turnover (times) 8.14 7.91 7.84 7.80 5.80
 Average inventory turnover days 44.84 46.14 46.56  46.79 62.93
 Accounts payable turnover (times) 3.20 3.20 3.28 3.37 2.81
 Average payment days 114.06 114.06 111.28 108.31 129.89
 Property, plant and equipment turnover (times) 11.69 13.27  13.03  12.53 9.81
 Total asset turnover (times) 1.63 1.62 1.60  1.67 1.36
Profitability   Return on assets (%)  5.39 5.86  4.80    5.03 4.15
 Return on equity (%)  16.28 17.20   13.69 15.36  12.96
 Pre-tax profit to paid-up capital (%)  62.48  63.85 52.84 64.96 54.97
 Net profit margin (%)  3.18 3.57 2.95 2.81 2.85 
 Earnings per share (NTD) 4.40  4.67 4.12  4.80 4.30
Cash flow     Cash flow ratio (%) 9.95 14.76  6.86  19.75  14.18 
 Cash flow adequacy ratio (%) 128.08  131.73    107.76  85.02  84.43 
 Cash reinvestment ratio (%) 7.71 12.45 1.79 22.43 11.53
Degree of leverage  Operating leverage 1.66 1.69 1.83 1.79 1.97
 Financial leverage  1.04 1.02 1.02 1.08  1.08 

 

1. Financial position

(1) Debt to assets ratio=Total liabilities/Total assets

(2) Long-term capital to property, plant, and equipment=(Net shareholders' equity+Non-current liabilities)/ Net property, plant, and equipment

2. Solvency

(1) Current ratio=Current assets/Current liabilities

(2) Quick ratio=(Current assets-Inventory-Prepayments)/Current liabilities

(3) Interest coverage ratio=Net profit before interest and tax/Interest expenses for the current period

3. Operating efficiency

(1) Receivables turnover(including accounts receivable and notes receivable from business activities)= Net sales/Average receivables balance(including accounts receivable and notes receivable from business activities)

(2) Average cash collection days=365/Receivables turnover

(3) Inventory turnover=Cost of sales/Average inventory balance

(4) Payables turnover(including accounts payable and notes payable for business activities)= Cost of sales/Average payables balance(including accounts payable and notes payable for business activities)

(5) Average inventory turnover days=365/Inventory turnover

(6) Property, plant and equipment turnover=Net sales/Average net property, plant and equipment balance

(7) Total asset turnover=Net sales/Average total assets

(8) Average payment days=365/Payables turnover

4. Profitability

(1) Return on assets=〔Net income+Interest expenses×(1-tax rate)〕/ Average asset balance

(2) Return on shareholders' equity=Net income/Average net shareholders' equity

(3) Net profit margin=Net income/Net sales

(4) Earnings per share=(Net income-Preferred share dividends)/Weighted average outstanding shares

5. Cash flow

(1) Cash flow ratio=Net cash flow from operating activities/Current liabilities

(2) Cash flow adequacy ratio=Net cash flow from operating activities for the previous 5 years/(Capital expenditure+Increase in inventory + Cash dividends) for the previous 5 years

(3) Cash reinvestment ratio=(Net cash flow from operating activities-Cash dividends)/(Gross property, plant, and equipment+Long-term investments+Other non-current assets+Working capital)

6. Degree of leverage

(1) Degree of operating leverage=(Net operating revenues-Variable operating costs and expenses) / Operating profit

(2) Degree of financial leverage=Operating profit / (Operating profit-Interest expense)