|
Financial
Statements |
|
|
|
|
|
Balance
Sheets |
|
|
|
|
|
Currency:Thousands
of New Taiwan dollars |
|
|
1,997
|
|
1,996
|
|
|
Amount
|
% |
Amount |
% |
|
Assets |
|
|
|
|
|
Current
assets: |
|
|
|
|
|
Cash and
cash equivalents |
$351,243 |
11 |
90,097
|
4 |
|
Short-term
investments |
198,524
|
6 |
183,924
|
8 |
|
Trade
receivables, net of allowance for bad
debts |
472,045
|
15 |
376,628
|
18 |
|
Inventories,
net of allowance for obsolescence |
349,516
|
11 |
248,967
|
11 |
|
Construction
inventories |
5,989
|
|
5,989
|
|
| Prepayment
and other current assets |
102,349
|
3 |
108,594
|
4 |
|
1,479,666
|
46 |
1,014,199
|
45 |
|
Long-term
investments |
715,851
|
23 |
319,494
|
14 |
|
Property,
plant and equipment, net |
941,491
|
29 |
827,589
|
37 |
|
Other
assets: |
|
|
|
|
|
Refundable
deposits |
24,760
|
1 |
24,635
|
1 |
|
Intangible
assets and deferred charges |
5,036
|
|
4,737
|
|
|
Intangible
pension asset |
35,421
|
1 |
46,210
|
2 |
|
Idle assets |
10,556
|
|
10,607
|
1 |
|
Deferred
income tax |
8,727
|
|
4,229
|
|
|
84,500
|
2 |
90,418
|
4 |
|
3,221,508
|
100 |
2,251,700
|
100 |
Balance
Sheets(Continued) |
|
Currency:
Thousands of NEW Taiwan dollars |
|
1997
|
|
1996
|
|
|
Amount |
% |
Amount |
% |
|
Liabilities
and Stockholders' Equity |
|
|
|
|
|
Current
liabilities: |
|
|
|
|
|
Short-term
borrowings |
$85,830
|
3
|
8,965
|
1
|
|
Current
portion of long-term loans |
7,668
|
|
28,240 |
1
|
|
Trade
payables |
421,475
|
14 |
323,494
|
15
|
|
Income
tax payable |
34,096
|
1 |
8,539
|
|
|
Accrued
expenses and other current liabilities |
136,847
|
4 |
99,498
|
4 |
|
685,916
|
22 |
468,736
|
21 |
|
Long-term
and other liabilities: |
|
|
|
|
|
Accrued
pension cost |
71,432
|
2 |
64,599
|
3 |
|
Long-term
loans |
3,736
|
|
11,404
|
1 |
|
Bonds
payable |
300,000
|
9 |
300,000
|
13 |
|
Deferred
revenue from investee companies |
4,386
|
|
2,886
|
|
|
379,554
|
11 |
378,889
|
17 |
|
Total
liabilities |
1,065,470
|
33 |
847,625
|
38 |
|
Stockholders'
equity |
|
|
|
|
|
Common
stock - $10 par value per share, authorized
150,000,000 and 114,600,000 shares, issued
126,695,680 and 95,264,000 shares in 1997
and 1996, respectively |
1,266,957
|
39 |
952,640
|
42 |
|
Capital
reserve |
474,736
|
15 |
178,729
|
8 |
|
Statutory
reserve |
59,561
|
2 |
51,629
|
2 |
|
Unappropriated
earnings |
364,970
|
11 |
228,148
|
10 |
|
Cumulative
translation adjustments |
(10,213) |
|
(7,071) |
|
|
Total
stockholders' equity |
2,156,038
|
67 |
1,404,075
|
62 |
|
Commitments
and contingencies |
|
|
|
|
|
Total
Liabilities and Stockholders' Equity |
$3,221,508
|
100 |
2,251,700
|
100 |
|
