|
REXON
INDUSTRIAL CORP., LTD.
Balance Sheets
December
31,1998 and 1997
(amounts are expressed in
thousands of New Taiwan dollars)
|
|
1998 |
1997 |
Amount |
% |
Amount |
% |
Assets
|
|
|
|
|
| Current
assets: |
|
|
|
|
| Cash
and cash equivalents |
$366,232 |
10 |
351,243 |
11 |
| Short-term
investments |
143,654 |
4 |
198,524 |
6 |
| Trade
receivables, net of allowance for bad debts |
568,785 |
14 |
472,045 |
15 |
| Inventories,
net of allowance for obsolescence |
396,125 |
10 |
349,516 |
11 |
| Construction
project for sale |
5,989 |
- |
5,989 |
- |
| Prepayment
and other current assets |
211,544 |
6 |
102,349 |
3 |
|
1,692,329 |
44 |
1,479,666 |
46 |
| Long-term
equity investments |
810,372 |
21 |
715,851 |
23 |
| Property,
plant and equipment, net |
1,186,649 |
31 |
941,491 |
29 |
| Other
assets: |
|
|
|
|
| Deferred
pension cost |
14,580 |
1 |
35,421 |
1 |
| Idle
assets |
78,969 |
2 |
10,556 |
- |
| Other
non-current assets |
48,677 |
1 |
38,523 |
1 |
|
142,226 |
4 |
84,500 |
2 |
| Total
Assets |
$3,831,576 |
100 |
3,221,508 |
100 |
REXON
INDUSTRIAL CORP., LTD.
Balance Sheets
December
31,1998 and 1997
(amounts are expressed in
thousands of New Taiwan dollars)
|
|
1998 |
1997 |
Amount |
% |
Amount |
% |
| Liabilities
and Stockholders' Equity |
|
|
|
|
| Current
liabilities: |
|
|
|
|
| Short-term
borrowings |
$
- |
- |
85
,830 |
3 |
| Current
portion of long-term loans |
104,536 |
3 |
7,668 |
- |
| Trade
payables |
560,878 |
15 |
421,475 |
14 |
| Accrued
expenses and other current liabilities |
302,853 |
8 |
170,943 |
5 |
|
|
968,267 |
26 |
685,916 |
22 |
| Long-term
and other liabilities: |
|
|
|
|
| Accrued
pension cost |
67,307 |
2 |
71,432 |
2 |
| Long-term
loans |
- |
- |
3,736 |
- |
| Bonds
payable |
199,200 |
5 |
300,000 |
9 |
| Deferred
revenue on intercompany sales |
16,386 |
- |
4,386 |
- |
|
|
282,893 |
7 |
379,554 |
11 |
| Total
liabilities |
1,251,160 |
33 |
1,065,470. |
33 |
| Stockholders'
equity |
|
|
|
|
| Common
stock-$10 par value per share, authorized
208,000,000 and 150,000,000 shares, issued
154,568,729 and 126,695,680 shares in 1998
and 1997, respectively |
1,545,688 |
40 |
1,266,957 |
39 |
| Capital
reserve |
353,946 |
9 |
474,763 |
15 |
| Statutory
reserve |
76,259 |
2 |
59,561 |
2 |
| Unappropriated
earnings |
597,389 |
16 |
364,970 |
11 |
| Cumulative
translation adjustments |
7,134 |
- |
(10,213) |
- |
| Total
stockholders' equity |
2,580,416 |
67 |
2,156,038 |
67 |
| Commitments
and contingencies |
|
|
|
|
| Total
Liabilities and Stockholders' Equity |
$3,831,576 |
100 |
3,221,508 |
100 |
|
