Taichung Commercial Bank Co., Ltd. and subsidiaries. Consolidated Financial Statements and Independent Auditor s Report Third Quarter, 2018 and 2017
|
|
- Collin McDonald
- 5 years ago
- Views:
Transcription
1 Stock No: 2812 Taichung Commercial Bank Co., Ltd. and subsidiaries Consolidated Financial Statements and Independent Auditor s Report Third Quarter, and Address: No. 87, Min Chuan Road, West District, Taichung Tel. No.: (04) The translation of third quarter financial report is not audited and attested by Certified Public Accountants
2 Index Item Page Notes to financial statements No. 1. Cover page 1-2. Index 2-3. Auditor s Report 3~4-4. Consolidated Balance Sheet 5-5. Consolidated Income Statement 6~7-6. Consolidated Statements of Changes in 8 - Shareholders Equity 7. Consolidated Statements of Cash Flow 9~11-8. Consolidated Notes to financial statements (1) Organization and operations 12 1 (2) Financial reporting date and procedures 12 2 (3) Application of new and revised standards 13~18 3 and interpretation (4) Summary of significant accounting 18~29 4 policies (5) Main source of significant accounting 29~30 5 judgment, estimates and assumptions uncertainty (6) Summary of significant accounting titles 30~66 6~35 (7) Related party transactions 66~72 36 (8) Pledged assets (9) Significant contingent liabilities and 73~77 38 unrecognized contractual commitments (10) Significant disaster loss - - (11) Significant subsequent events (12) Others 77~115 40~45 (13) Segment information 116~ (14) Notes of disclosure 1. Information about important transactions Information regarding investees 118~ Information regarding investment in 118, the territory of mainland china 4. Business relationship and significant transactions between Parent Company and Subsidiaries 118,
3 Auditor s Report To: Taichung Commercial Bank Co., Ltd. Foreword We have audited the consolidated balance sheets of Taichung Commercial Bank Co., Ltd. and subsidiaries prepared on and, and the consolidated income statements covering the period of July 1 to and July 1 to September 30,, and the consolidated statement of changes in shareholders equity, consolidated statement of cash flows, and Note of the consolidated financial statements (including major accounting policy) covering the period of and until September 30 of respective fiscal year. The compilation of fairly presented financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Public Banks, the Regulations Governing the Preparation of Financial Reports by Security Firms, and IAS 34, Interim Financial Reporting, enacted at the recognition of the Financial Supervisory Commission (FSC) is the responsibility of the management. Our responsibility is to present our opinions on the basis of our findings of our findings after an audit of the aforementioned consolidated financial statements. Scope We reviewed the consolidated financial statements in accordance with the Statement of Auditing Standard No. 65- The Review of Financial Statements. The procedure of reviewing the consolidated financial statements covers the query (mainly interviews with the personnel charged with management responsibilities in finance and accounting), analysis, and other reviews. The scope of this audit is obviously not as extensive as a general examination in that we cannot identity the materiality which otherwise could be detected from a general examination. Likewise, we are unable to present an opinion in this regard. Conclusion The audit findings indicated that the consolidated financial statements as presented, in all material aspects, were compiled in conformity with the Regulations Governing the Preparation of Financial Reports by Public Banks, the Regulations Governing the Preparation of Financial Reports by Security Firms, and IAS 34, Interim Financial Reporting, enacted at the recognition of the Financial Supervisory Commission (FSC) (responsibility of the management), and nothing is in defiance of the aforementioned rules and standards which otherwise distorts the fair presentation of the consolidated financial position of Taichung Commercial Bank as of and, and the consolidated financial performance as of July 1 to and and the consolidated financial performance and consolidated cash flow as of January 1 to and of respective fiscal year
4 Points of attention As stated in Note 3 of the consolidated financial statements, Taichung Commercial Bank and subsidiaries adopted the amended Regulations Governing the Preparation of Financial Reports by Public Banks, the Regulations Governing the Preparation of Financial Reports by Security Firms, and the IAS, IFRS, SIC and IFRIC enacted in on the recognition of FSC in and beyond. No compilation of consolidated financial statements was chosen for the period of comparison for retrospective application with the IAS, IFRS, SIC and IFRIC. We did not revise the conclusions of our audit. Deloitte & Touche Kuan-Chung Lai, CPA Wen-Ya Hsu, CPA Securities and Futures Bureau Approval Document No. Tai-Cai-Zheng (6) Zi No Securities and Futures Bureau Approval Document No. Tai-Cai-Zheng (6) Zi No Date: November 1, - 4 -
5 Taichung Commercial Bank Co., Ltd. and subsidiaries Consolidated Balance Sheet and December 31, Unit: NTD thousand (Reviewed) December 31, (Audited) (Reviewed) Code Assets Amount % Amount % Amount % Cash and cash equivalents (Notes 3, 4 & 6) $ 14,931,598 2 $ 15,001,053 2 $ 10,106, Due from the Central Bank and lend to banks (Notes 3, 4, 7 & 37) 30,528, ,121, ,533, Financial assets at fair value through profit and loss (Notes 3,4 & 8) 28,136, ,210, ,799, Financial assets at fair value through other comprehensive income (Notes 3, 4 & 9) 30,461, Investment in debt instruments on the basis of cost after amortization (Notes3, 4 & 10) 96,475, Bonds and securities sold under repurchase agreements (Notes 3, 4 & 11) 6,068, ,283, ,361, Receivables - net (Notes 3, 4, 5, 12, 13 & 37) 13,852, ,658, ,661, Current income tax asset (Note 4) 1,785-5,701-49, Discounts and loans net (Notes 3, 4, 5, 13 & 36) 448,159, ,857, ,361, Available-for-sale financial assets - net (Notes 3, 4 & 14) ,615, ,418, Held-to-maturity financial assets - net (Notes 3, 4 & 15) ,542, ,253, Investment by equity method net (Note 16) 155, , , Restricted assets - net (Notes 17 & 37) 327, , , Other financial assets - net (Notes 3, 4 & 18) 21,606-1,067,625-1,114, Property, plant, and equipment net (Note 19) 9,389, ,387, ,408, Invest in investment property net (Note 20) 90,973-45,250-78, Intangible assets net (Note 21) 164, , , Deferred income tax assets (Note 4) 824, , , Other assets (Notes 3, 4, 22 & 37) 2,063,734-2,009,404-2,178, Total assets $ 681,653, $ 663,024, $ 645,572, Code Liabilities and equity Due to Central Bank and other banks (Note 23) $ 14,325,033 2 $ 9,518,872 1 $ 14,065, Funds borrowed from Central Bank and other banks (Notes 24 & 37) 5,541, ,120, ,170, Financial liabilities at fair value through profit and loss (Notes 4 & 8) 315, , , Bills and bonds sold under repurchase agreements (Note 25) 8,402, ,307, ,851, Payables (Note 26) 13,215, ,331, ,856, Current income tax liabilities (Note 4) 223, , , Deposits and remittances (Notes 27 & 36) 572,049, ,094, ,457, Financial bonds payable (Note 28) 18,500, ,500, ,500, Other financial liabilities (Note 29) 1,137,747-1,057, , Liability reserve (Notes 4 & 30) 1,393,306-1,389,979-1,323, Deferred income tax liabilities (Note 4) 111, , , Other liabilities (Note 31) 1,028, , , Total liabilities 636,244, ,622, ,280, Equity of the parent company (Note 32) Common stock capital 33,755, ,931, ,931, Capital surplus 684, , ,156 - Retained earnings Legal reserve 6,985, ,896, ,896, Special reserve 110,159-73,833-73, Undistributed earnings 3,129, ,630, ,627, Other equity 745, ,977-78, Total shareholder s equity in the parent company 45,409, ,401, ,291, Total equity 45,409, ,401, ,291,787 7 Total Liabilities and Equity $ 681,653, $ 663,024, $ 645,572, The notes attached shall constitute an integral part of this Consolidated financial statement. (Refer to Auditor s Report presented by Deloitte & Touche dated November 1, ) Chairman: Kuei-Fong Wang Manager: Deh-Wei Chia Chief accountant: Chin-Min Liao - 5 -
6 Taichung Commercial Bank Co., Ltd. and subsidiaries Consolidated Income Statement July 1 to January 1 to and (Reviewed only, not audited in accordance with the auditing principles generally accepted in the ROC) Unit: NTD thousands, except Earnings Per Share (NTD) July 1 to July 1 to January 1 to January 1 to Code Amount % Amount % Amount % Amount % Interest revenues (Notes 33 & 36) $ 3,356, $ 3,036, $ 9,656, $ 9,004, Interest expenses (Notes 33 and 36) ( 1,200,991 ) ( 40 ) ( 990,665 ) ( 35 ) ( 3,400,745 ) ( 39 ) ( 2,900,974 ) ( 36 ) Net interest income 2,155, ,045, ,255, ,103, Net income (loss) other than interest income Net income from service fees (Notes 33 and 36) 579, , ,926, ,700, Net gain (loss) on financial assets and liabilities at fair value through profit and loss (Note 33) 178, , , , Realized gain on available-for-sale financial assets (Note 33) , , Realized gain or loss on financial assets at fair value through other comprehensive profit or loss (Notes 4 & 33) 62, , Exchange gain (loss) ( 877 ) - 75, ,818 2 ( 108,131 ) ( 1 ) Gain (loss) on reversal of assets impairment (Notes 4, 9, 10, 18 & 33) 497-2,015 - ( 5,747 ) - ( 21,006 ) Profit or loss of affiliated companies and joint ventures under the equity method (Note 16) ( 638 ) - ( 911 ) - ( 4,032 ) - ( 2,099 ) Net income other than interest income (Notes 30 & 33) 18, , ,011-46,488-4xxxx Net revenue 2,993, ,808, ,653, ,144, Bad debt expense, commitments and guaranty reserve (Notes 4, 12, 13, 30 and 33) ( 41,519 ) ( 2 ) ( 227,003 ) ( 8 ) ( 308,538 ) ( 4 ) ( 649,655 ) ( 8 ) Operating expenses Employee benefits expenses (Notes 4 & 33) ( 983,436 ) ( 33 ) ( 833,521 ) ( 30 ) ( 2,757,807 ) ( 32 ) ( 2,444,221 ) ( 30 ) Depreciation and amortization expenses (Note 33) ( 67,286 ) ( 2 ) ( 67,710 ) ( 2 ) ( 204,787 ) ( 2 ) ( 218,713 ) ( 2 ) Business and administrative expenses (Notes 33 & 36) ( 631,105 ) ( 21 ) ( 550,852 ) ( 20 ) ( 1,927,309 ) ( 22 ) ( 1,685,102 ) ( 21 ) Total operating expenses ( 1,681,827 ) ( 56 ) ( 1,452,083 ) ( 52 ) ( 4,889,903 ) ( 56 ) ( 4,348,036 ) ( 53 ) Income before tax from continuing operations 1,270, ,129, ,455, ,146, Income tax expenses (Notes 4 & 34) ( 191,983 ) ( 6 ) ( 173,209 ) ( 6 ) ( 466,374 ) ( 5 ) ( 520,351 ) ( 7 ) Current year net income after tax 1,078, , ,989, ,625, (Continued on next page) - 6 -
7 (Continued from previous page) July 1 to July 1 to January 1 to January 1 to Code Amount % Amount % Amount % Amount % Other comprehensive profit or loss Titles not reclassified as profit (loss) (Note 32) Evaluation of the capital gain from equity instrument at fair value through comprehensive income statement as other comprehensive income (Note 4) $ 61,514 2 $ - - $ 135,833 2 $ The proportion of other comprehensive incomes from associates and equity joint-ventures accounted for under the equity method not reclassified as profit and loss ( 807 ) ( 629 ) Incomes tax related to titles not subject to reclassification ( 5,169 ) , Net titles not reclassified as profit (loss) (after taxation) 55, , Titles that could be reclassified as profits (loss) accounts in the future (Note 32) Exchange differences from the translation of financial statements of foreign operations ( 25,890 ) ( 1 ) 11,104 1 ( 6,382 ) - ( 12,274 ) Unrealized valuation gains of available-for-sale financial assets - - 9, , Capital gains of debts instrument at fair value through comprehensive income statement as other comprehensive income (Note 4) 42, , Income tax related to titles that could be reclassified (Notes 4 & 34) - - ( 2,887 ) ( 5,706 ) The total of the titles that could be reclassified as profits (loss) accounts in the future (after taxation) 16,362-17, ,156-64, Other comprehensive net income (after tax) 71, , , , Current period other comprehensive income (after tax) $ 1,150, $ 974, $ 3,170, $ 2,690, Consolidated EPS (Note 35) Business units in continuing operation Basic $ 0.32 $ 0.28 $ 0.89 $ Diluted $ 0.32 $ 0.28 $ 0.88 $ 0.78 The notes attached shall constitute an integral part of this Consolidated financial statement. (Refer to Auditor s Report presented by Deloitte & Touche dated November 1, ) Chairman: Kuei-Fong Wang Manager: Deh-Wei Chia Chief accountant: Chin-Min Liao - 7 -
8 Taichung Commercial Bank Co., Ltd. and subsidiaries Consolidated Statements of Changes in Shareholders Equity January 1 to and (Reviewed only, not audited in accordance with the auditing principles generally accepted in the ROC) Unit: NTD thousand Equity of the company Other equity Unrealized gain or Capital stock Retained earnings Exchange differences from the translation of loss on financial assets at fair value through Unrealized gain (loss) Code Common stock Capital surplus Legal reserve Special reserve Undistributed earnings financial statements of foreign operations other comprehensive profit or loss on available-for-sale financial assets Total equity A1 Balance as of January 1, $ 32,381,307 $ 684,156 $ 4,881,792 $ 38,685 $ 3,382,461 ( $ 23,183 ) $ - $ 36,817 $ 41,382,035 The 2016 appropriation and distribution of earnings B1 Legal reserve - - 1,014,738 - ( 1,014,738 ) B3 Appropriation of special reserve ,148 ( 35,148 ) B5 Cash dividends ( 1,780,972 ) ( 1,780,972 ) B9 Stock dividends 550, ( 550,482 ) D1 Net profit in January 1 to ,625, ,625,970 D3 D5 Other comprehensive profit or loss in January 1 to ( 12,274 ) - 77,028 64,754 Total comprehensive profit or loss in January 1 to ,625,970 ( 12,274 ) - 77,028 2,690,724 Z1 Balance as of $ 32,931,789 $ 684,156 $ 5,896,530 $ 73,833 $ 2,627,091 ( $ 35,457 ) $ - $ 113,845 $ 42,291,787 A1 Balance as of January 1, $ 32,931,789 $ 684,156 $ 5,896,530 $ 73,833 $ 3,630,655 ( $ 38,507 ) $ - $ 223,484 $ 43,401,940 A3 Effect of retroactive applicability (Note 3) ( 80,676 ) - 623,457 ( 223,484 ) 319,297 A5 Balance as of January 1, after retrospective adoption 32,931, ,156 5,896,530 73,833 3,549,979 ( 38,507 ) 623,457-43,721,237 The appropriation and distribution of earnings B1 Legal reserve - - 1,089,196 - ( 1,089,196 ) B3 Appropriation of special reserve ,326 ( 36,326 ) B5 Cash dividends ( 1,481,931 ) ( 1,481,931 ) B9 Stock dividends 823, ( 823,295 ) D1 Net profit in January 1 to ,989, ,989,048 D3 D5 Q1 Other comprehensive profit or loss in January 1 to ,345 ( 6,382 ) 161, ,124 Total comprehensive profit or loss in January 1 to ,015,393 ( 6,382 ) 161,161-3,170,172 Equity instrument at fair value through other comprehensive income statement ( 5,319 ) - 5, Z1 Balance as of $ 33,755,084 $ 684,156 $ 6,985,726 $ 110,159 $ 3,129,305 ( $ 44,889 ) $ 789,937 $ - $ 45,409,478 The notes attached shall constitute an integral part of this Consolidated financial statement. (Refer to Auditor s Report presented by Deloitte & Touche dated November 1, ) Chairman: Kuei-Fong Wang Manager: Deh-Wei Chia Chief accountant: Chin-Min Liao - 8 -
9 Taichung Commercial Bank Co., Ltd. and subsidiaries Consolidated Statements of Cash Flow January 1 to and (Reviewed only, not audited in accordance with the auditing principles generally accepted in the ROC) January 1 to Unit: NTD thousand January 1 to Code Cash flow from operating activities A10000 Current year net profit before taxation $ 3,455,422 $ 3,146,321 A20010 Profits and loss A20100 Depreciation expenses 164, ,165 A20200 Amortization expenses 39,864 54,548 A20300 Anticipated credit impairment/provision for bad debts 308, ,655 A20400 A22500 Gain (loss) on financial assets and liabilities at fair value through profit and loss ( 241,683 ) ( 391,139 ) Disposal and obsolescence loss of property and equipment 2, A20900 Interest expenses 3,400,745 2,900,974 A21200 Interest revenue ( 9,656,456 ) ( 9,004,399 ) A21300 Dividend income ( 36,310 ) ( 28,722 ) A21800 Net change in other provisions for liabilities ( 2,438 ) - A22300 Loss of the affiliated company under the equity method 4,032 2,099 A23100 Gain on disposal of investments ( 26,787 ) ( 26,724 ) A23600 Financial assets impairment loss 5,747 21,006 A24100 Unrealized foreign currency exchange (gain) loss ( 279,725 ) 608,004 Total income, expense and loss ( 6,317,116 ) ( 5,050,123 ) A40000 A41110 A41120 Net change in operating assets and liabilities Due from Central Bank and lend to Banks ( 711,154 ) ( 566,192 ) Financial assets at fair value through profit and loss 5,059,998 ( 8,259,297 ) A41150 Accounts receivable ( 135,233 ) ( 2,016,934 ) A41160 Discounts and loans ( 17,649,604 ) ( 5,621,981 ) A41190 Other financial assets ( 328 ) ( 34,047 ) A41990 Other assets ( 181,955 ) ( 137,430 ) A42110 Due to Central Bank and other banks 4,806,161 2,448,057 A42120 (Continued on next page) Financial liabilities at fair value through profit and loss ( 736,298 ) ( 683,767 ) - 9 -
10 (Continued from previous page) Code A January 1 to January 1 to Bills and bonds sold under repurchase agreements $ 4,094,702 $ 628,756 A42150 Payables ( 573,984 ) ( 3,311,509 ) A42160 Customer deposits and remittances 5,954,674 15,648,535 A42170 Other financial liabilities ( 4,572 ) ( 33,104 ) A42180 Employee benefit liabilities reserve 4,347 ( 18,205 ) A42990 Other liabilities 33,722 48,834 Total changes in operating activities related assets/liabilities ( 39,524 ) ( 1,908,284 ) A33000 Cash outflow from operating activities ( 2,901,218 ) ( 3,812,086 ) A33100 Interest received 9,740,665 9,190,367 A33200 Dividends received 36,310 28,722 A33300 Interest payment ( 2,945,171 ) ( 2,541,531 ) A33500 Income tax payment ( 627,503 ) ( 415,974 ) AAAA Net cash inflow from operating activities 3,303,083 2,449,498 Cash flow from investing activities B00010 Acquisition of financial assets at fair value through other comprehensive profit or loss ( 238,446 ) - B00020 Disposal of financial assets at fair value through other comprehensive profit or loss 2,847,416 - B00040 Financial assets acquired on the basis of cost after amortization ( 587,397,947 ) - B00050 Financial assets on the basis of cost after amortization 45,650 - B00060 Held-to-maturity financial assets based on cost after amortization 575,986,250 - B00300 Acquisition of available-for-sale financial assets - ( 264,783 ) B00400 Disposition of available-for-sale financial assets - 6,337,126 B00900 Acquisition of held-to-maturity financial assets - ( 559,954,062 ) B01000 Disposition of held-to-maturity financial assets - 100,400 B01100 Return of capital from held-to-maturity financial assets - 494,220,686 B02700 Acquisition of property, plant, and equipment ( 169,843 ) ( 161,434 ) B02800 Disposal of property, plant, and equipment 1,899 24,906 B03700 Decrease (increase) in refundable deposits ( 164,080 ) 8,412 B04500 Acquisition of Intangible assets ( 44,159 ) ( 45,655 ) B05400 Acquisition of investment property ( 45,790 ) - BBBB Net cash outflow from investing activities ( 9,179,050 ) ( 59,734,404 ) (Continued on next page)
11 (Continued from previous page) Code C00300 January 1 to January 1 to Cash flow from financing activities Increase in funds borrowed from Central Bank and other banks $ 420,480 $ 970,771 C00700 Increase in commercial papers payable 84,453 90,070 C01400 Issuance of financial bonds 1,000,000 2,000,000 C01500 Repayment of financial bonds - ( 1,500,000 ) C03000 Increase in deposits received 268,277 - C04500 Cash dividend released ( 1,479,528 ) ( 1,778,195 ) CCCC Net cash inflow (outflow) from financing activities 293,682 ( 217,354 ) DDDD Impact of changes in exchange rate on cash and cash equivalents ( 6,382 ) ( 12,274 ) EEEE Current cash and cash equivalents decrease ( 5,588,667 ) ( 57,514,534 ) E00100 E00200 Balance of cash and cash equivalents, beginning of period 39,868,063 88,021,445 Balance of cash and cash equivalent, end of period $ 34,279,396 $ 30,506,911 Ending cash and cash equivalents adjustment Code E00210 Cash and cash equivalents on the consolidated balance sheet $ 14,931,598 $ 10,106,681 E00220 E00230 E00200 The Due from Central Bank and Banks in compliance with the definition of cash and cash equivalents under IAS 7 13,279,526 14,038,579 The bonds and securities sold under repurchase agreements that meet the definitions of cash and cash equivalents under IAS 7 6,068,272 6,361,651 Balance of cash and cash equivalent, end of period $ 34,279,396 $ 30,506,911 The notes attached shall constitute an integral part of this Consolidated financial statement. (Refer to Auditor s Report presented by Deloitte & Touche dated November 1, ) Chairman: Kuei-Fong Wang Manager: Deh-Wei Chia Chief accountant: Chin-Min Liao
12 Taichung Commercial Bank Co., Ltd. and subsidiaries Consolidated Notes to financial statements January 1 to and (Reviewed only, not audited in accordance with the auditing principles generally accepted in the ROC) (In Thousands of New Taiwan Dollars, unless otherwise specified) 1. Organization and operations Formerly a cooperative savings company in central Taiwan (known as Central Taiwan Cooperative Company established on September 27, 1952, Taichung Commercial Bank Co., Ltd. (hereinafter, the Bank or Taichung Bank ) was approved to establish in April 1953 as a commercial bank and started its operation since August of the same year. The amended Banking Act was promulgated in July 1975 on which Central Taiwan Cooperative Company was approved to reorganize as Taichung Small and Medium Business Bank Co., Ltd. (hereinafter, Taichung business bank ) on January 1, On May 15, 1984, the Bank was approved to list its stocks in TWSE. In order to cope with national financial policy, provide the pubic with financial services and support economic construction and develop industrial and commercial business, the Taichung Small and Medium Business Bank Company Limited was renamed Taichung Commercial Bank Co., Ltd. in December As of, it had established a Business Department, Trust Department, International Banking Department and 80 local branches, and an International Banking Branch. It is engaged mainly in financial operations regulated by Banking Act, trust business, offshore banking business and others approved by the competent authority. The Taichung Bank s capital was NTD 500 thousand when the Bank was incorporated. In order to found its capital structure and comply with the Government Apparatus's order and decree, the Bank has increased/reduced its capital over the past years. As of September 30,, its paid-in capital was NTD 33,755,084 thousand. This consolidated financial statement is denominated in the functional currency of Taichung Bank, which is NTD. 2. Financial reporting date and procedures The consolidated financial statements were approved for publication by the board of directors on November 1,
13 3. Application of new and revised standards and interpretation (1) The first use of the Regulations Governing the Preparation of Financial Reports by Public Banks after amendment, Rules Governing the Preparation of Financial Statements of Securities Firms and the IFRS, IAS, IFRIC, and SIC (hereinafter collectively known as IFRSs ) recognized by the Financial Supervisory Commission for coming into full force. Except for the statements below, the adoption of the amended Regulations Governing the Preparation of Financial Reports by Public Banks, Rules Governing the Preparation of Financial Statements of Securities Firms and the IFRSs recognized by the Financial Supervisory Commission to come into full force will not cause significant change in the accounting policies of the consolidated company: IFRS 9 Financial Instruments and related amendment IFRS 9, Financial Instruments replaced IAS 39, Financial Statements: Recognition and Measurement, and was adopted in conjunction with other standards such as the amended IFRS 7, Financial Instruments: Disclosure. The new rules in IFRS 9 covered the classification, measurement and impairment of financial assets and general hedge accounting. Refer to Note 4 for further information on accounting principles. The consolidated company retroactively applied treatment of the classification, measurement and impairment of financial assets on January 1, and postponed the adoption of general hedge accounting for one year. Items removed on or before December 31, were not covered by IFRS9. Classification, measurement and impairment of financial assets The consolidated company evaluated the classification of financial assets effective on January 1, for retroactive adjustment on the basis of the reality and circumstances of the day and elected not to recompile the statements for comparison. As of January 1,, the categories and book value of financial assets to be measured under IAS 39 and IFRS 9 and the changes therein are specified below: Classification of measurement Book value Category of financial assets IAS 39 IFRS 9 IAS 39 IFRS 9 Remark Financial assets Cash and cash equivalents Loans and accounts Measured on the basis of cost receivable after amortization $ 15,001,053 $ 15,001,053 Due from Central Bank and lend to Banks Loans and accounts receivable Measured on the basis of cost after amortization 30,121,642 30,121,642 Financial assets at fair value through profit and loss Measured at fair values through profit and/or Measured at fair values through profit and/or loss 31,210,074 31,210,074 Bonds and securities sold under repurchase agreements Receivable- net Discounts and loans Available-for-Sale Financial Assets-net Held to maturity investments - net loss Loans and accounts receivable Loans and accounts receivable Loans and accounts receivable Available-for-Sale Financial Assets Held-to-maturity financial assets Measured on the basis of cost after amortization 11,283,082 11,283,082 Measured on the basis of cost after amortization 13,658,151 13,657,565 (8) Measured on the basis of cost after amortization 430,857, ,857,960 Financial assets at fair value through other comprehensive (2), (3), profit or loss 31,615,817 31,615,817 (4) Measured on the basis of cost after amortization 85,542,095 84,752,656 (5) Measured at fair values through other comprehensive income - 785,439 (6) Other financial assets - net Financial assets at cost Measured at fair values through other comprehensive income 145, ,910 (7) Loans and accounts receivable Measured at fair values through profit and/or loss 900, ,335 (1) Other assets Loans and accounts Measured on the basis of cost receivable after amortization 1,910,942 1,910,
14 Changes in the categories of financial assets measured retroactively under IFRS 9 as of January 1, are specified below: Book value of January 1, (IAS 39) Reclassification Reevaluation Book value of January 1, (IFRS9) Effect on retained earnings as of January 1, Effect on other equity as of January 1, Remark Measured at fair values through profit and/or loss $ 31,210,074 $ - $ - $ 31,210,074 $ - $ - Add: Reclassification of other financial assets (IAS 39) - 900, , (1) 31,210, ,335-32,110, Measured at fair values through other comprehensive income Debt instruments Add: Reclassification of available-for-sale financial assets (IAS 39) Add: Reclassification of held-to-maturity financial assets (IAS 39) -Equity instruments Add: Reclassification of available-for-sale financial assets (IAS 39) ,034,046-31,034,046 ( 19,079 ) 19,079 (2) 780,262 5, ,439 ( 256 ) 5,433 (6) 581, ,771 5,195 ( 5,195 ) (3) Add: Reclassification on the basis of costs (IAS 39) - 145, , , ,226 (7) - 32,541, ,403 32,895,166 ( 14,140 ) 367,543 Measured on the basis of cost after amortization Add: Reclassification of available-for-sale financial assets (IAS 39) (4) Add: Reclassification of held-to-maturity - - financial assets (IAS 39) 84,761,833 ( 9,177 ) 84,752,656 ( 9,177 ) (5) Add: Reclassification of loans and receivables (IAS 39) - 502,832,830 ( 586 ) 502,832,244 ( 586 ) - (8) - 587,594,663 ( 9,763 ) 587,584,900 ( 9,763 ) - Total $ 31,210,074 $ 621,036,761 $ 343,640 $ 652,590,475 ( $ 23,903 ) $ 367,543 Reconciliation sheet of adjustment of provision for loss from IAS 39 to IFRS 9 on January 1, is shown below: The balance of provision for impairment under IAS 39 and the amount appropriated under IAS37 Reclassification Reevaluation - The balance of provision for impairment under IFRS 9 Reconciliation sheet of provision for impairment Loans and receivables (IAS39)/costs after amortization (IFRS9) Accounts receivable $ 344,584 $ - $ 586 $ 345,170 (8) Discounts and loans 6,344, ,344,810 Available-for-sale financial assets (IAS 39)/financial assets at fair value through comprehensive income statement (IFRS9) Held-to-maturity financial assets (IAS39)/financial assets measured on the basis of cost after amortization (IFRS9) Remark ,335 19,335 (2), (6) - - 9,177 9,177 (5) Commitment of financing and guaranty liability Liability reserve 269,937-56, ,710 (8) 1. Financial instruments previously classified as loans and accounts receivable under IAS39 amounted to NTD900,335 thousand, but the cash flow from these is not solely for the payment of principal and the interest accrued from the outstanding amount of the principal. Under IFRS 9, this sum is compulsorily classified as financial assets at fair value through income statements. 2. Financial instruments-bonds previously classified as available-for-sale financial assets under IAS 39 amounted to NTD31,034,046 thousand, and the cash flow was wholly for the payment of principal and interest accrued from the outstanding amount of the principal at the time of initial recognition, and the mode of operation was to hold the financial assets for the collection of cash
15 flow from contracts and the sale of the assets. Under IFRS 9, these financial assets were classified as financial assets at fair value through comprehensive income with the evaluation of anticipated credit impairment. The retrospective adoption resulted in a decrease of retained earnings amounting to NTD19,079 thousand and an increase of other equity amounting to NTD19,079 thousand as of January 1, through adjustment. 3. The available-for-sale financial assets stocks listed, stocks investment and emerging stock market classified under IAS 39 amounted to NTD 581,771 thousand, and were classified as financial assets measured at fair value through comprehensive income under IFRS 9. The retrospective adoption resulted in an increase of retained earnings amounting to NTD5,195 thousand and a decrease of other equity amounting to NTD5,195 thousand as of January 1, through adjustment. 4. The cash flow from contracts of available-for-sale financial assets- debt instruments previously recognized under IAS 39 were wholly for the payment of principal and the interest accrued from the outstanding amount of the principal and the mode of operation is for collection of cash flow from contracts. These assets were measured on the basis of cost after amortization under the classification of IFRS The held-to-maturity financial assets and bond investment measured on the basis of cost recognized under IAS 39 amounting to NTD84,761,833 thousand. The cash flow from contracts was wholly for the payment of principal and the interest accrued from the outstanding amount of the principal at the time of initial recognition and the mode of operation is the collection of cash flow from contracts. These assets were classified as financial assets measured on the basis of cost after amortization with evaluation of anticipated credit impairment under IFRS 9. The retrospective adoption resulted in a decrease of retained earnings by NTD9,177 thousand as of January 1, through adjustment. 6. The held-to-maturity financial assets and bond investment on the basis of cost after amortization previously recognized under IAS 39 amounted to NTD780,262 thousand. The cash flow from contracts was wholly for the payment of principal and the interest accrued from the outstanding amount of the principal at the time of initial recognition and the mode of operation aimed at the collection of cash flow from contracts and the sale of financial assets, and these assets were classified as financial assets at fair value through comprehensive income with evaluation of anticipated credit impairment. The retrospective adoption resulted in a decrease of retained earnings by NTD256 thousand and an increase in other equity by NTD 5,433 thousand as of January 1, through adjustment. 7. Stocks not listed in TWSE (TPEx) measured on the basis of costs under IAS 39 amounted to NTD145,684 thousand and were classified as financial assets at fair value through comprehensive income statement with a new round of measurement at fair value under IFRS 9. The retrospective adoption resulted in an increase in other equity by NTD348,226 thousand as of January 1, through adjustment. 8. Receivables were previously classified as loans and receivables under IAS 39, and were classified as financial assets measured on the basis of cost after amortization and off-the-sheet financing commitment with evaluation of
16 anticipated credit impairment under IFRS 9. The retrospective adoption resulted in a decrease retained earnings amounted to NTD586 thousand and NTD56,773 thousand respectively as of January 1, through adjustment. 9. Long-term equity investment accounted for under the equity method amounted to NTD128,113 thousand. The effect of the first adoption of IFRS9 by the investees on January 1, required the consolidated company to recognize the adjustment in proportion to investee shareholding that resulted in an increase of retained earnings of NTD32,430 thousand. (2) Regulations Governing the Preparation of Financial Reports by Public Banks, Regulations Governing the Preparation of Financial Reports by Securities Firms applicable in 2019 and the IFRSs recognized by the Financial Supervisory Commission The new / amended / revised standards or IASB publication effective interpretation date (Note 1) The annual improvement plan for the periods of January 1, Amendments to IFRS 9 Prepayment Features with January 1, 2019 (Note 2) Negative Compensation IFRS 16 Leases January 1, 2019 Amendments to IAS19 Plan Amendment, January 1, 2019 (Note 3) Curtailment or Settlement Amendments to IAS 28 Long-term Interest in January 1, 2019 Associates and Joint Ventures IFRIC 23 Uncertainty over Income Tax Treatments January 1, 2019 Note 1: Unless otherwise stated, the aforementioned new / amended / revised standards or interpretation are effective in the years after the respective date. Note 2: FSC permitted the consolidated company adoption of this amendment before January 1, Note 3: The plan amendment, curtailment, or settlement after January 1, 2019 apply to this amendment. IFRS 16 Leases IFRS 16 governs the accounting of leasing and will replace IAS 17 Leasing and related interpretations. Definition of lease At the adoption of IFRS 16 for the first time, the consolidated company only assesses the contracts signed (or changed) beyond January 1, 2019, to determine if they are (or included) lease in accordance with the transitional requirement of IFRS
17 The consolidated company is the lessee At the adoption of IFRS 16 for the first time, all leases were recognized as tenancy right assets and leasehold liability except low value target of leases and short-term leases of which the expenses incurred were recognized under the straight-line method. The consolidated comprehensive income statement shall present the interest expenses incurred from the depreciations of the utilization of equity assets and leasehold liability under effective interest method. The principal amount of rent payment liability shall be recognized as financing activities while the interest payment shall be recognized as financing activities in the consolidated statement of cash flows. Contracts classified as operation lease before the application of IFRS 16 was based on the straight-line method for recognition of expenses. Cash flows from operation lease were presented as operating activities in the consolidated statement of cash flows. Contracts classified as financing lease were recognized as leasehold assets and payable lease payment in the consolidated balance sheet. The consolidated company elected to adjust the accumulated influence under IFRS 16 in retrospect as retained earnings on January 1, 2019, and does not recompile comparative information. In complying with the IAS 17 in the treatment of operation lease, the measurement of leasehold liabilities as of January 1, 2019 will be based on the discount of the remaining leasehold payment of the Lessee for new loans on the same day. Related entitlement to the assets shall be measured at fair value of the same day and recognized as investment property. The difference is recognized as retained earnings. The following expedient methods are expected to be applicable to the consolidated company: 1. Apply a single discount rate for the measurement of specific leasehold combinations with reasonable similarity. 2. Lease to expire on or before December 31, 2019 will be treated as short-term lease. 3. The initial cost will not be included in the measurement of tenancy right assets on January 1, Measuring leasehold liability, such as the determination of the term of leases, will be treated from hindsight. The consolidated company is the lessor In the transitional period, no adjustment of the lease of the Lessors while under IFRS 16 will be applicable from January 1, Further to the aforementioned influence, the companies in the consolidated financial statements will continue to evaluate the effect of the amendment to other IFRSs on the financial positions and performance of the companies in the consolidated financial statements to the date this parent company only financial statement approved and released, and will make appropriate disclosure after the evaluation
18 (3) The IFRSs released by the IASB but not yet approved and announcement effective by the Financial Supervisory Commission The new / amended / revised standards or IASB publication effective interpretation date (Note 1) Amendment to Definition of a business in IFRS 3 January 1, 2020 (Note 2) Amendment to IFRS 10 and IAS 28, Sale or Undefined Contribution of Assets between an Investor and its Associate or Joint Venture. IFRS 17 Insurance Contracts January 1, 2021 Note 1: Unless otherwise stated, the aforementioned new / amended / revised standards or interpretation are effective in the years after the respective date. Note 2: The amendment should be applied to the acquisition day in the reporting period for corporate mergers after January 1, 2020 and the acquisition of assets beyond that date. The assessment of consolidated company on above IFRSs as of the day this consolidated financial statement was approved for release did not cause significant influence on the financial position and financial performance. 4. Summary of significant accounting policies (1) Compliance Statement This consolidated financial statement was compiled in conformity to the Regulations Governing the Preparation of Financial Reports by Public Banks, Regulations Governing the Preparation of Financial Reports by Security Firms and IAS 34 Interim Financial Reporting recognized by the Financial Supervisory Commission. This consolidated financial statement does not cover the IFRSs disclosure as required by the whole annual financial reporting. (2) Basis of preparation Further to financial instruments measured at fair value, the content contained in this consolidated financial statement is compiled based on historical data. The evaluation of fair value could be classified into Level 1 to Level 3 by the observable intensity and importance of related input value: 1. Level 1 input value: refers to the quotation of the same asset or liability in an active market as of the evaluation (before adjustment) 2. Level 2 input value: refers to the direct (the price) or indirect (inference of price) observable input value of asset or liability further to the quotation of Level Level 3 input value: the unobservable input value of asset or liability
19 (3) Basis of consolidation 1. Principle of consolidated financial statements preparation This consolidated financial statement contains the information of the financial statements of the Bank and its controlled entities (subsidiaries). The subsidiaries financial statements have been properly adjusted to make the accounting policies consistent with the accounting policies of the consolidated company. In preparing these consolidated financial statements, the transactions, account balances, incomes and loss and expenses among the individual entities are written off in full amount. 2. Subsidiaries included in the consolidated financial statements The business entities of the consolidated financial statements are as follows: Percentage of shareholdings Investor Subsidiary name Nature of the operation September 30, December 31, September 30, Taichung Commercial Taichung Commercial Insurance brokerage Bank Co. Bank Insurance Broker Co., Ltd. Taichung Commercial Taichung Commercial Leasing Bank Co. Taichung Commercial Bank Co. Taichung Commercial Bank Lease Enterprise TCCBL Co., Ltd. Bank Lease Enterprise Taichung Commercial Bank Securities Co., Ltd. TCCBL Co., Ltd. Taichung Commercial Bank Leasing (Suzhou) Ltd. Securities Brokerage Financing, leasing and investments. Financing Leasing and investments The subsidiaries not included in the consolidated financial statements: None. (4) Other major accounting policy Refer to the notes to the summary of the important accounting principles for the consolidated financial statements of except related accounting policies of financial instruments and the following. 1. Financial instruments When the consolidated company has become a party to the instrument contract, the financial assets and financial liabilities are to be recognized in the consolidated balance sheet. For the initial recognition of the financial assets and financial liabilities, if the financial assets or financial liabilities are not measured at fair value through profit or loss, it is measured at fair value plus transaction cost that is directly attributable to the acquisition or issuance of financial assets or financial liabilities. The transaction cost directly attributable to the acquisition or issuance of financial assets or financial liabilities that are measured at fair value through profit or loss is immediately recognized in the profit or loss. Financial assets The customary transaction of financial assets is recognized and de-recognized in accordance with the trade date accounting
20 (1) Classification of measurement The financial assets held by the consolidated company are financial assets at fair value through income statements, financial assets on the basis of cost after amortization, investment of debt instruments at fair value through other comprehensive income statements, and equity instruments at fair value through other comprehensive income. A. Financial assets at fair value through profit and loss Financial assets at fair value through income statement included mandatory fair value through income statement. Financial instruments designated at fair value through income statements included the investment of equity instruments not designated at fair value through other comprehensive income and those not conforming to the standard of debt instruments on the basis of cost after amortization or at fair value through other comprehensive income. Financial asset measured at fair value through profit or loss is measured at fair value and the profit or loss generated from the secondary measurement is recognized as profit or loss (not includes any dividend or interest arising from the financial asset). Please refer to Note 40 for the determination of fair value. B. Financial assets based on cost after amortization If the financial assets of the consolidated company met both of the following conditions, classify as financial assets on the basis of cost after amortization: a. Financial assets held under particular mode of operation and the purpose of holding is for the collection of cash flow from contracts; and b. Cash flow generated on particular dates deriving from the contacts and the cash flow is wholly for the payment of principal and interest accrued from the outstanding amount of the principal. Financial assets on the basis of cost after amortization (including cash and cash equivalents, due from the Central Bank and call loans to banks, bonds and securities sold under repurchase agreements, discount and loans, accounts receivable on the basis of cost after amortization and refundable deposits) shall be determined for the total book value under the effective interest rate method after the initial recognition net of the cost of any impairment after amortization for measurement. Any exchange gains or loss will be recognized as income
21 Interest income will be the product of effective interest rate and total book value of financial assets except under the following two conditions: a. The interest income of financial assets procured or initiated under credit impairment will be the product of the effective interest rate after credit adjustment and the cost of financial assets after amortization. b. The interest income from credit impairment not from purchase or initiation but subsequently turned into financial assets under credit impairments will be the product of effective interest rate and the cost of financial assets after amortization. Cash equivalents are time deposits within 3 months from the date of acquisition, with high liquidity, can be converted into cash with marginal risk on the change in value, and are used for the fulfillment of short-term commitment in cash settlement. C. Investment of debt instruments at fair value through other comprehensive income If the investment of debt instruments by the consolidated company met both the two conditions below, classify as financial instruments at fair value through comprehensive income: a. Financial assets held under the particular mode of operation and the purpose of holding being for collection of cash flow from contracts; and b. Cash flow generated on particular dates deriving from the contacts and the cash flow is wholly for the payment of principal and interest accrued from the outstanding amount of the principal. Other investment of debt instruments at fair value through comprehensive income should be measured at fair value. Changes in the book value shall be recognized as income under the calculation of interest income under the effective interest rate method, and exchange gain and loss and impairment or reversal benefits shall be recognized as income. Other changes shall be recognized as other comprehensive income and reclassified as income at the disposition of investment. D. Investment of equity instruments at fair value through other comprehensive income The consolidated company may make an irrevocable choice at the time of initial recognition for designating the investment of equity instruments not available-for-sale and not recognized by the acquirer under corporate merger and acquisition or with consideration at fair value through other comprehensive income for measurement. The investment of equity instruments at fair value through other comprehensive income is measured at fair value. Subsequent changes in fair value will be recognized as other comprehensive income and accumulated into other equity. In the disposition of assets, accumulated gains or loss shall be directly transferred to retained earnings without classification as income
22 The dividend of the investment of equity instruments at fair value through other comprehensive income shall be recognized as income when the right of the consolidated company in the collection of dividends is ascertained, unless the dividend is obviously representing the recovery of the cost of investment in part. The financial assets held by the companies in the consolidated statements are financial assets at fair value through profit and loss, financial assets held to maturity, financial assets available for sale, and loans and receivables. A. Financial assets at fair value through profit and loss Financial assets measured at fair value through profit or loss includes held-for-sale and designated financial assets measured at fair value through profit or loss. Financial asset measured at fair value through profit or loss is measured at fair value and the profit or loss generated from the secondary measurement is recognized as profit or loss (not includes any dividend or interest arising from the financial asset). Please refer to Note 40 for the determination of fair value. If the financial asset measured at fair value through profit or loss is an equity investment no public market price available and the fair value cannot be reliably measured and the derivatives that are linked to the equity instrument without a market quote and the settlement must be completed with the equity instrument delivered, it is measured subsequently at cost, net of the impairment loss and it is individually booked as Financial assets measured at cost. If these financial assets can be measured subsequently at fair value reliably, it is measured again at fair value and the difference between the book amount and fair value is recognized in the profit or loss. B. Held-to-maturity investments The government bonds and domestic and international corporate bonds and foreign government bonds with specific credit ratings that are invested by the consolidated company and the consolidated company has the positive intention and ability to hold it to maturity are classified as held-to-maturity investments. The held-to-maturity financial assets after the initial recognition are measured at the amortized cost after deducting impairment losses in accordance with the effective interest method
Taichung Commercial Bank Co., Ltd. and subsidiaries. Consolidated Financial Statements and Independent Auditor s Report Second Quarter, 2018 and 2017
Stock No: 2812 Taichung Commercial Bank Co., Ltd. and subsidiaries Consolidated Financial Statements and Independent Auditor s Report Second Quarter, 2018 and 2017 Address: No. 87, Min Chuan Road, West
More informationTaichung Commercial Bank Co., Ltd.
Stock No: 2812 Taichung Commercial Bank Co., Ltd. Individual Financial Statements and Independent Auditor s Report 2017 and 2016 Address: No. 87, Min Chuan Road, West District, Taichung Tel. No.: (04)22236021-1
More informationTaichung Commercial Bank Co., Ltd. and subsidiaries
Stock No: 2812 Taichung Commercial Bank Co., Ltd. and subsidiaries Consolidated Financial Statements and Independent Auditor s Report First Quarter, 2017 and 2016 Address: No. 87, Min Chuan Road, West
More informationKino Biotech Co., Ltd. and Subsidiaries
Stock Code: 4154 Kino Biotech Co., Ltd. and Subsidiaries Consolidated Financial Statements and Independent Auditor s Report 2016 and 2015 Address: 178 Paya Lebar Road #04-02, Singapore 409030 Tel.: 65-62813888
More informationMEGAWIN Technology Co., Ltd. and its subsidiaries. Consolidated financial statements and auditor's report 2016 and 2015
Appendix 1. Consolidated financial statements audited by the external auditor in the most recent year MEGAWIN Technology Co., Ltd. and its subsidiaries Consolidated financial statements and auditor's report
More informationThe Shanghai Commercial & Savings Bank, Ltd. and Subsidiaries
Stock code: 5876 The Shanghai Commercial & Savings Bank, Ltd. and Subsidiaries Consolidated Financial Statements For the Nine Months Ended 2018 and With Independent Auditors Report Address: No. 2, Min
More informationConcord Securities Co., Ltd. and Subsidiaries
Concord Securities Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS OF
More informationTaishin International Bank Co., Ltd. Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report
Taishin International Bank Co., Ltd. Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and Shareholders
More informationADDRESS: NO. 30, Ta-Cheng Street, Taipei, Taiwan, R.O.C. TELEPHONE :
(English Translation of Consolidated Financial Statements and Report Originally Issued in Chinese) TAIWAN BUSINESS BANK, LTD. AND SUBSIDIARIES Consolidated Financial Statements With Independent Auditors
More informationTaiwan Shin Kong Security Co., Ltd. and Subsidiaries
Stock No. 9925 Taiwan Shin Kong Security Co., Ltd. and Subsidiaries Consolidated Financial Statement and Auditors Report 2016 and 2015 Address: No.128, Xing ai Rd., Neihu Dist., Taipei City Tel: (02) 77199888-1
More informationTaishin Financial Holding Co., Ltd. and Subsidiaries
Taishin Financial Holding Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2018 and 2017 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board
More informationAdvantech Co., Ltd. and Subsidiaries
Advantech Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Nine Months Ended 2018 and and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors
More informationCHIN-POON INDUSTRIAL CO., LTD. AND SUBSIDIARIES
1 Stock Code:2355 (English Translation of Consolidated Financial Statements and Report Originally Issued in Chinese) CHIN-POON INDUSTRIAL CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS December
More informationKino Biotech Co., Ltd. and Subsidiaries
Stock Code:4154 Kino Biotech Co., Ltd. and Subsidiaries Consolidated Financial Statements and Independent Auditor s Report 2013 and 2012 Address: 178 Paya Lebar Road #04-02, Singapore 409030 Tel.: 65-62813888
More informationYFY Inc. and Subsidiaries. Consolidated Financial Statements for the Six Months Ended June 30, 2018 and 2017 and Independent Auditors Review Report
YFY Inc. and Subsidiaries Consolidated Financial Statements for the Six Months Ended 2018 and and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors and Shareholders
More informationNeo Solar Power Corp. and Subsidiaries
Neo Solar Power Corp. and Subsidiaries Consolidated Financial Statements for the Three Months Ended and and Independent Auditors Review Report NEO SOLAR POWER CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE
More informationNeo Solar Power Corp. and Subsidiaries
Neo Solar Power Corp. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS
More informationTaishin International Bank Co., Ltd. Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report
Taishin International Bank Co., Ltd. Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and Shareholders
More informationKwong Lung Enterprise Co., Ltd. and Subsidiaries
Kwong Lung Enterprise Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS
More informationChina Development Financial Holding Corporation and Subsidiaries
China Development Financial Holding Corporation and Subsidiaries Consolidated Financial Statements for the Six Months Ended 2017 and and Independent Auditors Report Impairment of Discounts, Loans and
More informationADVANCED CERAMIC X CORPORATION
Stock Code:3152 ADVANCED CERAMIC X CORPORATION Financial Statements and Independent Auditors Review Report For the Six Months Ended June 30, 2018 and 2017 Address:NO.16, Tzu Chiang Road, Hsinchu Industrial
More informationAdvantech Co., Ltd. and Subsidiaries
Advantech Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Three Months Ended March 31, 2018 and 2017 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board
More informationJIH SUN INTERNATIONAL BANK, Ltd. FINANCIAL STATEMENTS DECEMBER 31, 2017 AND 2016 AND INDEPENDENT AUDITOR S REPORT
FINANCIAL STATEMENTS DECEMBER 31, 2017 AND 2016 AND INDEPENDENT AUDITOR S REPORT Address: 1F, No. 10, Section 1, Chung Ching South Road, Taipei, Taiwan, R.O.C. Telephone: (8862)-2561-5888 The independent
More informationTAIWAN BUSINESS BANK, LTD. AND ITS SUBSIDIARIES SEPTEMBER 30, 2017 AND 2016 INDEPENDENT ACCOUNTANTS REVIEW REPORT
(English Translation of Consolidated Financial Statements and Report Originally Issued in Chinese) TAIWAN BUSINESS BANK, LTD. AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30, 2017 AND
More informationThe Shanghai Commercial & Savings Bank, Ltd. Financial Statements for the Six Months Ended June 30, 2017 and 2016 and Independent Auditors Report
The Shanghai Commercial & Savings Bank, Ltd. Financial Statements for the Six Months Ended and 2016 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and the Shareholders
More informationYageo Corporation and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2015 and 2014 and Independent Auditors Report
Yageo Corporation and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2015 and 2014 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and
More informationAdvantech Co., Ltd. and Subsidiaries
Advantech Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Six Months Ended, 2016 and 2015 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors
More informationPHARMAENGINE, INC. AND ITS SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS MARCH 31, 2018 AND 2017
PHARMAENGINE, INC. AND ITS SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS MARCH 31, 2018 AND 2017 For the convenience of readers and for information purpose only,
More information(English Translation of Financial Report Originally Issued in Chinese) EMERGING DISPLAY TECHNOLOGIES CORP. AND SUBSIDIARIES
(English Translation of Financial Report Originally Issued in Chinese) EMERGING DISPLAY TECHNOLOGIES CORP. AND SUBSIDIARIES For the Six months ended June 30, 2018 and 2017 (With Independent Auditors Review
More informationTaiwan Shing Kong Security Co., Ltd. and Subsidiaries. Consolidated Financial Statement and Auditors Report 2017 and 2016
Stock No: 9925 Taiwan Shing Kong Security Co., Ltd. and Subsidiaries Consolidated Financial Statement and Auditors Report 2017 and 2016 Address: No.128, Xing ai Rd., Neihu Dist., Taipei City Tel: (02)
More informationPou Chen Corporation and Subsidiaries
Pou Chen Corporation and Subsidiaries Consolidated Financial Statements for the Three Months Ended and and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors and
More informationTAIPEI FUBON COMMERCIAL BANK Co., Ltd. and Subsidiaries
TAIPEI FUBON COMMERCIAL BANK Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Six Months Ended and 2015 and Independent Auditors Report TAIPEI FUBON COMMERCIAL BANK CO., LTD. AND SUBSIDIARIES
More informationOPTO TECH CORPORATION AND SUBSIDIARIES
OPTO TECH CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS SEPTEMBER 30, 2018 AND 2017 ------------------------------------------------------------------------------------------------------------------------------------
More informationAdvantech Co., Ltd. and Subsidiaries
Advantech Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Three Months Ended March 31, 2015 and 2014 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board
More informationTaiwan Cooperative Bank, Ltd. and Subsidiaries
Taiwan Cooperative Bank, Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of
More informationGintech Energy Corporation and Subsidiaries
Gintech Energy Corporation and Subsidiaries Consolidated Financial Statements for the Three Months Ended and 2016 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of
More informationChi Mei Materials Technology Corporation and Subsidiaries
Chi Mei Materials Technology Corporation and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report - 1 - INDEPENDENT AUDITORS REPORT
More informationPowertech Technology Inc. and Subsidiaries
Powertech Technology Inc. and Subsidiaries Consolidated Financial Statements for the Six Months Ended and and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors
More informationTaiwan Cooperative Bank, Ltd. and Subsidiary
Taiwan Cooperative Bank, Ltd. and Subsidiary Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors
More informationWowprime Co., Ltd. and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2015 and 2014 and Independent Auditors Report
Wowprime Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended, 2015 and 2014 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and Stockholders
More informationYFY Inc. and Subsidiaries
YFY Inc. and Subsidiaries Consolidated Financial Statements for the Three Months Ended 2018 and and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors and Shareholders
More informationZHEN DING TECHNOLOGY HOLDING LIMITED AND SUBSIDIARIES
ZHEN DING TECHNOLOGY HOLDING LIMITED AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS MARCH 31, 2018 AND 2017 (Stock Code: 4958) For the convenience of readers
More informationGintech Energy Corporation and Subsidiaries
Gintech Energy Corporation and Subsidiaries Consolidated Financial Statements for the Nine Months Ended and and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors
More informationAsia Optical Co., Inc. and Subsidiaries
Asia Optical Co., Inc. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS
More information(English Translation) FUBON INSURANCE CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS
(English Translation) CONSOLIDATED FINANCIAL STATEMENTS June 30, 2015 AND 2014 AND Independent Auditors Report Thereon Address: No. 237, Sec. 1, Chien Kuo S. Road, Taipei, Taiwan Telephone: 886-2-2706-7890
More informationNAN YA PRINTED CIRCUIT BOARD CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2014 AND 2015 (With Independent Accountants
NAN YA PRINTED CIRCUIT BOARD CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, AND 2015 (With Independent Accountants Review Report Thereon) Independent Accountants Review Report
More informationHua Nan Financial Holdings Co., Ltd. and Subsidiaries
Hua Nan Financial Holdings Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Nine Months Ended 2016 and and Independent Auditors Review Report HUA NAN FINANCIAL HOLDINGS CO., LTD. AND
More informationYulon Motor Company Ltd. and Subsidiaries
Yulon Motor Company Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS
More informationTaiwan Cement Corporation. Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report
Taiwan Cement Corporation Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and Shareholders Taiwan
More informationAdvantech Co., Ltd. Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report
Advantech Co., Ltd. Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and the Shareholders Advantech
More informationHua Nan Financial Holdings Co., Ltd. and Subsidiaries
Hua Nan Financial Holdings Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Nine Months Ended 2017 and and Independent Auditors Review Report HUA NAN FINANCIAL HOLDINGS CO., LTD. AND
More informationTaiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited Parent Company Only Financial Statements for the Years Ended 2015 and 2014 and Independent Auditors Report - 99 - - 100 - - 101 - Taiwan Semiconductor
More informationGEM Terminal Ind. Co., Ltd. and Subsidiaries
GEM Terminal Ind. Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS
More informationGEM Terminal Ind. Co., Ltd. and Subsidiaries
GEM Terminal Ind. Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS
More informationChipMOS TECHNOLOGIES INC. AND SUBSIDIARIES
ChipMOS TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS FOR THE THREE MONTHS ENDED MARCH 31, 2018 AND ------------------------------------------------------------------------------------------------------------------------------------
More informationPOYA INTERNATIONAL CO., LTD.
POYA INTERNATIONAL CO., LTD. FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS JUNE 30, 2018 AND 2017 ------------------------------------------------------------------------------------------------------------------------------------
More informationAdvantech Co., Ltd. and Subsidiaries
Advantech Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS
More informationGreatek Electronics Inc. Financial Statements for the Six Months Ended June 30, 2016 and 2015 and Independent Auditors Review Report
Greatek Electronics Inc. Financial Statements for the Six Months Ended and and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors and Shareholders Greatek Electronics
More informationCAPITAL SECURITIES CORPORATION SEPARATE FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 AND INDEPENDENT ACCOUNTANTS AUDIT REPORT
SEPARATE FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 AND INDEPENDENT ACCOUNTANTS AUDIT REPORT (English Translation of Financial Report Originally Issued in Chinese) Address: 4 th Fl. No. 101, Sung-Jen
More informationPhihong Technology Co., Ltd. Financial Statements for the Years Ended December 31, 2015 and 2014 and Independent Auditors Report
Phihong Technology Co., Ltd. Financial Statements for the Years Ended, 2015 and 2014 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and Stockholders Phihong Technology
More informationCAPITAL SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 AND INDEPENDENT ACCOUNTANTS AUDIT REPORT
CAPITAL SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 AND INDEPENDENT ACCOUNTANTS AUDIT REPORT (English Translation of Financial Report Originally
More informationADDRESS: 14F NO. 108, Sec. 1, Tun Hua S. Road, Taipei, Taiwan TELEPHONE :
Stock Code:5865 (English Translation of Consolidated Financial Statements and Report Originally Issued in Chinese) FUBON LIFE INSURANCE CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS December
More information(English Translation of Financial Report Originally Issued in Chinese) CAPITAL SECURITIES CORPORATION AND SUBSIDIARIES
(English Translation of Financial Report Originally Issued in Chinese) CAPITAL SECURITIES CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2017 AND 2016 AND INDEPENDENT ACCOUNTANTS
More informationFor the convenience of readers and for information purpose only, the auditors report and the accompanying financial statements have been
ZHEN DING TECHNOLOGY HOLDING LIMITED AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS SEPTEMBER 30, AND (Stock Code: 4958) For the convenience of readers
More informationTaishin Financial Holding Co., Ltd. and Subsidiaries
Taishin Financial Holding Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Three Months Ended March 31, 2013 and and Independent Accountants Review Report INDEPENDENT ACCOUNTANTS REVIEW
More information(Continued) ~3~ March 31, 2017 December 31, 2016 March 31, 2016 Assets Notes AMOUNT % AMOUNT % AMOUNT % Current assets
Current assets DAVICOM SEMICONDUCTOR, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Expressed in thousands of New Taiwan dollars) (The consolidated balance sheets as of March 31,2017 and 2016 are
More informationChi Mei Materials Technology Corporation and Subsidiaries
Chi Mei Materials Technology Corporation and Subsidiaries Consolidated Financial Statements for the Three Months Ended and and Independent Auditor s Review Report CHI MEI MATERIALS TECHNOLOGY CORPORATION
More informationChina Steel Corporation and Subsidiaries
China Steel Corporation and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report Investments in Associates and Joint Ventures,
More informationChipMOS TECHNOLOGIES INC. AND SUBSIDIARIES
ChipMOS TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS FOR THE THREE MONTHS ENDED MARCH 31, 2017 AND ------------------------------------------------------------------------------------------------------------------------------------
More informationShuttle Inc. and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report
Shuttle Inc. and Subsidiaries Consolidated Financial Statements for the Years Ended, 2016 and 2015 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS OF AFFILIATES The
More informationLCY CHEMICAL CORP. and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report
LCY CHEMICAL CORP. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report Key audit matters for the consolidated financial statements
More informationYageo Corporation and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report
Yageo Corporation and Subsidiaries Consolidated Financial Statements for the Years Ended, 2017 and 2016 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and Shareholders
More informationLumax International Corp., Ltd. and Subsidiaries
Lumax International Corp., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report - 1 - the amount recognized as impairment
More informationYFY Inc. and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report
YFY Inc. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS OF AFFILIATES
More informationTECO IMAGE SYSTEMS CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS JUNE 30, 2016 AND 2015
TECO IMAGE SYSTEMS CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS JUNE 30, 2016 AND 2015 -----------------------------------------------------------------------------------------------------------------------------
More informationTaiwan Cooperative Financial Holding Co., Ltd. and Subsidiaries
Taiwan Cooperative Financial Holding Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Six Months Ended June 30, 2017 and 2016 and Independent Auditors Report INDEPENDENT AUDITORS REPORT
More informationWinbond Electronics Corporation and Subsidiaries
Winbond Electronics Corporation and Subsidiaries Consolidated Financial Statements for the Six Months Ended June 30, 2018 and 2017 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT
More informationHiwin Technologies Corporation and Subsidiaries
Hiwin Technologies Corporation and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL
More informationBank SinoPac. Financial Statements for the Years Ended December 31, 2013 and 2012 and Independent Auditors Report
Bank SinoPac Financial Statements for the Years Ended 2013 and and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and Stockholders Bank SinoPac We have audited the accompanying
More informationHiwin Technologies Corporation and Subsidiaries
Hiwin Technologies Corporation and Subsidiaries Consolidated Financial Statements for the Six Months Ended June 30, 2014 and 2013 and Independent Accountants Review Report HIWIN TECHNOLOGIES CORPORATION
More informationTaiwan High Speed Rail Corporation. Financial Statements for the Three Months Ended March 31, 2018 and 2017 and Independent Auditors Review Report
Taiwan High Speed Rail Corporation Financial Statements for the Three Months Ended and and Independent Auditors Review Report The engagement partners on the reviews resulting in this independent auditors
More informationWEIKENG INDUSTRIAL CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements June 30, 2016 and 2015 (With Independent Auditors Review Thereon)
WEIKENG INDUSTRIAL CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements 2016 and (With Independent Auditors Review Thereon) Independent Auditors Review Report The Board of Directors Weikeng Industrial
More informationFar Eastern New Century Corporation and Subsidiaries
Far Eastern New Century and Subsidiaries Consolidated Financial Statements for the Six Months Ended and 2015 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors
More informationGlobal Unichip Corp. and Subsidiaries
Global Unichip Corp. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2017 and 2016 and Independent Auditors Report REPRESENTATION LETTER The companies required to be
More information(English Translation) FUBON INSURANCE CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS
(English Translation) CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2014 AND 2013 AND Independent Auditors Report Thereon Address: No. 237, Sec. 1, Chien Kuo S. Road, Taipei, Taiwan Telephone: 886-2-2706-7890
More informationSynCore Biotechnology Co., Ltd and Subsidiaries
Stock Code:4192 SynCore Biotechnology Co., Ltd and Subsidiaries Consolidated Financial Statements for the Three Months Ended March 31, 2018 and 2017 and Independent Auditors Review Report (Translation)
More informationSinon Corporation and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report
Sinon Corporation and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report anomalies, the Group s annual operating income has
More informationCOSMOS BANK, TAIWAN Interim Financial Statements June 30, 2014 and 2013 (With Auditors Report Thereon)
Interim Financial Statements 2014 and (With Auditors Report Thereon) Independent Auditors Report Cosmos Bank, Taiwan: We have audited the accompanying statements of financial position of Cosmos Bank, Taiwan
More informationTECO IMAGE SYSTEMS CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS JUNE 30, 2017 AND 2016
TECO IMAGE SYSTEMS CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS JUNE 30, 2017 AND 2016 -----------------------------------------------------------------------------------------------------------------------------
More informationAddress: 6F, No. 39, Sec. 2, Dunhua S. Road, Da an Dist., Taipei, Taiwan. Telephone: (02)
Cathay Securities Investment Trust Co., Ltd. Consolidated Financial Statements For The Years Ended 31 December 2017 and 2016 With Independent Auditors Report Address: 6F, No. 39, Sec. 2, Dunhua S. Road,
More informationElitegroup Computer Systems Co., Ltd. and Subsidiaries
Elitegroup Computer Systems Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL
More informationYageo Corporation and Subsidiaries. Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report
Yageo Corporation and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2016 and 2015 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board of Directors and
More informationTAIPEI FUBON COMMERCIAL BANK Co., Ltd. and Subsidiary
TAIPEI FUBON COMMERCIAL BANK Co., Ltd. and Subsidiary Consolidated Financial Statements for the Six Months Ended June 30, 2013 and 2012 and Independent Auditors Report INDEPENDENT AUDITORS REPORT The Board
More informationTONG YANG INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED 31 MARCH 2018 AND 2017 WITH
TONG YANG INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED 31 MARCH 2018 AND 2017 WITH REVIEW REPORT OF INDEPENDENT AUDITORS The reader is advised that these
More informationYFY Inc. (Formerly Yuen Foong Yu Paper Mfg. Co., Ltd.) and Subsidiaries
YFY Inc. (Formerly Yuen Foong Yu Paper Mfg. Co., ) and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2015 and 2014 and Independent Auditors Report DECLARATION OF CONSOLIDATION
More information(English Translation of Financial Report Originally Issued in Chinese) EMERGING DISPLAY TECHNOLOGIES CORP. AND SUBSIDIARIES
(English Translation of Financial Report Originally Issued in Chinese) EMERGING DISPLAY TECHNOLOGIES CORP. AND SUBSIDIARIES For the nine months ended September 30, 2017 and 2016 (With Independent Auditors
More informationARES INTERNATIONAL CORP. AND SUBSIDIARIES
ARES INTERNATIONAL CORP. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS MARCH 31, 2018 AND 2017 ------------------------------------------------------------------------------------------------------------------------------------
More informationTaita Chemical Co., Ltd. and Subsidiaries
Taita Chemical Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Years Ended, 2017 and 2016 and Independent Auditors Report DECLARATION OF CONSOLIDATION OF FINANCIAL STATEMENTS OF AFFILIATES
More informationDR. WU SKINCARE CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS DECEMBER 31, 2017 AND 2016
DR. WU SKINCARE CO., LTD. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS DECEMBER 31, 2017 AND 2016 For the convenience of readers and for information purpose
More informationGIGA-BYTE TECHNOLOGY CO., LTD. PARENT COMPANY ONLY FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT ACCOUNTANTS DECEMBER 31, 2017 AND 2016
GIGA-BYTE TECHNOLOGY CO., LTD. PARENT COMPANY ONLY FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT ACCOUNTANTS DECEMBER 31, 2017 AND 2016 ---------------------------------------------------------------------------------------------------------------
More information