REXON
INDUSTRIAL CORP., LTD.
Balance Sheets
December
31,1996 and 1995
(expressed
in thousands of New Taiwan dollars)
|
|
1996 |
|
1995
|
|
| Assets |
Amount |
% |
Amount |
% |
| Current
assets: |
| Cash
and cash equivalents |
$
90,097 |
4 |
145,680 |
7 |
| Short-term
investments |
183,924 |
8 |
16,383 |
1 |
| Trade
receivables, net of allowance for bad debts |
376,628 |
18 |
291,901 |
14 |
| Inventories,net
of allowance for obsolescence |
248,967 |
11 |
241,016 |
11 |
| Construction
inventories |
2,989 |
- |
35,791 |
2 |
| Prepayment
and other current assets |
108,594 |
4 |
132,092 |
6 |
|
1,014,199 |
45 |
862,863 |
41 |
| Long-term
investments |
319,494 |
14 |
288,222 |
14 |
| Property,
plant and equipment, net |
827,589 |
37 |
827,824 |
40 |
| Other
assets: |
|
|
|
|
| Refundable
deposits |
24,635 |
1 |
26,348 |
1 |
| Intangible
assets and deferred charges |
4,737 |
- |
6,804 |
- |
| Deferred
pension cost |
46,210 |
2 |
57,508 |
3 |
| Idle
assets |
10,607 |
1 |
13,705 |
1 |
| Deferred
income tax |
4,229 |
- |
- |
- |
|
|
90,418 |
4 |
104,365 |
5 |
|
|
$
2,251,700 |
100 |
$
2,083,274 |
100 |
REXON
INDUSTRIAL CORP., LTD.
Balance Sheets
December
31,1996 and 1995
(expressed in thousands of New
Taiwan dollars)
|
1996 |
|
1995 |
|
|
|
Amount
|
% |
Amount |
% |
Liabilities
and Stockholders'Equity |
|
|
|
|
Current
liabilities: |
|
|
|
|
Short-term borrowings |
8,965
|
1
|
327,611
|
16
|
Current portion of long-term
loans |
28,240
|
1
|
42,075
|
2
|
Trade payables |
323,494
|
15
|
336,491
|
16
|
Income tax payable |
8,539
|
-
|
-
|
-
|
Accrued expenses and other current
liabilities |
99,498 |
4 |
77,936 |
4 |
|
|
468,736 |
21 |
784,113 |
38 |
|
|
|
|
|
|
Long-term
and other liabilities: |
|
|
|
|
Accrued pension cost |
64,599
|
3
|
57,508
|
2
|
Deferred income tax |
-
|
-
|
746
|
-
|
Long-term loans |
11,404
|
1
|
263,768
|
13
|
Bonds payable |
300,000
|
13
|
-
|
-
|
Deferred revenue from
investeecompanies |
2,886 |
- |
2,886 |
- |
|
378,889 |
17 |
324,908 |
15 |
Total
liabilities |
847,625 |
38 |
1,109,021 |
53 |
|
|
|
|
|
|
Stockholders'
equity |
|
|
|
|
Common stock - $10 par value per
share,authorized
114,600,000
and 88,800,000 shares,issued 95,264,000
and
67,200,000 shares in 1996 and 1995,respectively |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
952,640
|
42
|
672,000
|
33
|
Capital reserve |
178,729
|
8
|
40,181
|
2
|
Statutory reserve |
51,629
|
2
|
44,204
|
2
|
Unappropriated earnings |
228,148
|
10
|
212,814
|
10
|
Cumulative translation
adjustments |
-7,071 |
- |
5,054 |
- |
Total
stockholders' equity |
1,404,075 |
62 |
974,253 |
47 |
Commitments
and contingencies |
|
|
|
|
Total Liabilities and
Stockholders' Equity |
|
|
|
|
2,251,700 |
100 |
2,083,274 |
100 |
|
