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Hon Hai Prec.Ind.Co (HHPD)

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Tuesday 14 November, 2017

Hon Hai Prec.Ind.Co

2017 3rd Quarter Results

RNS Number : 4540W
Hon Hai Precision Industry Co Ld
14 November 2017
 

HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS

2017 3rd IFRS Consolidated Financial Statements

 

Accounting Title

2017/09/30

2016/12/31

2016/09/30

Balance Sheet

  Assets




   Current assets




    Cash and cash equivalents




     Total cash and cash equivalents

613,157,572

633,155,301

653,097,371

    Current financial assets at fair value through profit or loss




     Total current financial assets at fair value through profit or loss

5,735,886

13,652,363

639,014

    Current available-for-sale financial assets




     Current available-for-sale financial assets, net

622,408

462,334

511,430

    Accounts receivable, net




     Accounts receivable, net

633,048,553

699,077,030

509,864,184

    Accounts receivable due from related parties, net




     Accounts receivable due from related parties, net

59,367,158

31,980,845

21,786,102

    Other receivables




     Other receivables, net

63,512,521

45,749,740

47,328,832

    Inventories




     Total inventories

519,472,559

387,274,061

419,566,810

    Prepayments




     Total prepayments

14,301,121

13,085,503

11,499,032

    Other current assets




     Total other current assets

136,311,250

106,764,202

108,691,422

    Total current assets

2,045,529,028

1,931,201,379

1,772,984,197

   Non-current assets




    Non-current financial assets at fair value through profit or loss




     Total non-current financial assets at fair value through profit or loss

3,178,695

5,998,337

0

    Non-current available-for-sale financial assets




     Non-current available-for-sale financial assets, net

169,959,954

112,495,564

79,464,206

    Non-current financial assets at cost




     Non-current financial assets at cost, net

47,074,620

32,467,460

30,841,321

    Investments accounted for using equity method




     Investments accounted for using equity method, net

138,911,332

142,527,340

135,101,968

    Property, plant and equipment




     Total property, plant and equipment

297,492,912

309,202,470

306,954,132

    Investment property, net




     Investment property, net

2,349,393

2,525,291

2,622,930

    Intangible assets




     Total intangible assets

9,731,127

10,532,956

2,811,481

    Deferred tax assets

16,873,275

14,590,713

18,387,726

    Other non-current assets




     Total other non-current assets

31,554,300

30,501,430

29,880,859

    Total non-current assets

717,125,608

660,841,561

606,064,623

   Total assets

2,762,654,636

2,592,042,940

2,379,048,820

  Liabilities and equity




   Liabilities




    Current liabilities




     Short-term borrowings




      Total short-term borrowings

304,622,456

171,472,143

77,184,400

     Short-term notes and bills payable




      Total short-term notes and bills payable

9,767,222

15,990,844

29,576,132

     Current financial liabilities at fair value through profit or loss




      Total current financial liabilities at fair value through profit or loss

770,467

11,555,900

8,809,930

     Accounts payable




      Total accounts payable

685,869,582

679,055,257

601,817,501

     Accounts payable to related parties




      Total accounts payable to related parties

64,983,995

30,607,929

30,562,964

     Other payables




      Total other payables

221,348,553

218,417,857

248,143,241

     Current tax liabilities

18,466,580

30,653,702

23,643,864

     Current provisions




      Total current provisions

4,206,132

2,983,036

2,326,244

     Other current liabilities




      Total other current liabilities

95,406,033

91,908,563

94,690,446

     Total current liabilities

1,405,441,020

1,252,645,231

1,116,754,722

    Non-current liabilities




     Non-current financial liabilities at fair value through profit or loss




      Total non-current financial liabilities at fair value through profit or loss

0

0

422,723

     Bonds payable




      Total bonds payable

150,321,255

153,302,845

174,486,199

     Long-term borrowings




      Total long-term borrowings

12,404,308

24,929,793

24,279,386

     Deferred tax liabilities




      Total deferred tax liabilities

28,832,008

18,607,586

9,840,959

     Other non-current liabilities




      Total other non-current liabilities

9,018,437

8,768,887

9,800,920

     Total non-current liabilities

200,576,008

205,609,111

218,830,187

    Total liabilities

1,606,017,028

1,458,254,342

1,335,584,909

   Equity




    Equity attributable to owners of parent




     Share capital




      Ordinary share

173,287,383

173,287,383

173,287,383

      Total capital stock

173,287,383

173,287,383

173,287,383

     Capital surplus




      Capital surplus, additional paid-in capital




       Total capital surplus, additional paid-in capital

88,501,031

88,501,031

88,501,031

      Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed

4,845,329

1,168,232

1,578,233

      Capital surplus, changes in equity of associates and joint ventures accounted for using equity method

2,359,661

3,377,348

3,546,918

      Total capital surplus

95,706,021

93,046,611

93,626,182

     Retained earnings




      Legal reserve

122,732,924

107,866,626

107,866,626

      Unappropriated retained earnings (accumulated deficit)




       Total unappropriated retained earnings (accumulated deficit)

646,289,599

672,059,408

603,246,462

      Total retained earnings

769,022,523

779,926,034

711,113,088

     Other equity interest




      Exchange differences on translation of foreign financial statements




       Total exchange differences on translation of foreign financial statements

-50,605,814

-7,741,467

918,342

      Unrealized gains (losses) on available-for-sale financial assets




       Total unrealized gains (losses) on available-for-sale financial assets

82,571,508

40,249,734

13,581,165

      Total other equity interest

31,965,694

32,508,267

14,499,507

     Treasury shares

18,901

18,901

18,901

     Total equity attributable to owners of parent

1,069,962,720

1,078,749,394

992,507,259

    Non-controlling interests

86,674,888

55,039,204

50,956,652

    Total equity

1,156,637,608

1,133,788,598

1,043,463,911

   Total liabilities and equity

2,762,654,636

2,592,042,940

2,379,048,820

   Number of share capital awaiting retirement

0

0

0

   Equivalent issue shares of advance receipts for ordinary share

0

0

0

   Number of shares in entity held by entity and by its subsidiaries

1,853,848

1,853,848

1,853,848

 



 

Accounting Title

2017/3rd

2016/3rd

2017/01/01To

2017/09/30

2016/01/01To

2016/09/30

Statement of comprehensive income

  Operating revenue





   Total operating revenue

1,078,891,633

1,075,348,211

2,976,347,954

2,955,494,349

  Operating costs





   Total operating costs

1,015,949,316

995,325,276

2,778,906,598

2,752,405,100

  Gross profit (loss) from operations

62,942,317

80,022,935

197,441,356

203,089,249

  Gross profit (loss) from operations

62,942,317

80,022,935

197,441,356

203,089,249

  Operating expenses





   Selling expenses





    Total selling expenses

6,494,720

5,898,135

18,076,448

16,371,225

   Administrative expenses





    Total administrative expenses

19,444,211

18,790,191

53,163,318

53,241,893

   Research and development expenses





    Total research and development expenses

18,287,442

13,227,216

46,044,526

35,222,284

   Total operating expenses

44,226,373

37,915,542

117,284,292

104,835,402

  Net operating income (loss)

18,715,944

42,107,393

80,157,064

98,253,847

  Non-operating income and expenses





   Other income





    Total other income

14,545,638

14,029,753

38,724,820

36,362,694

   Other gains and losses





    Other gains and losses, net

-1,559,511

-5,474,616

-10,473,863

-5,665,110

   Finance costs





    Finance costs, net

10,398,374

7,835,518

27,148,768

18,459,077

   Share of profit (loss) of associates and joint ventures accounted for using equity method





    Share of profit (loss) of associates and joint ventures accounted for using equity method, net

3,843,075

16,383

5,977,372

-103,116

   Total non-operating income and expenses

6,430,828

736,002

7,079,561

12,135,391

  Profit (loss) from continuing operations before tax

25,146,772

42,843,395

87,236,625

110,389,238

  Tax expense (income)





   Total tax expense (income)

5,481,622

7,582,574

23,445,253

29,504,461

  Profit (loss) from continuing operations

19,665,150

35,260,821

63,791,372

80,884,777

  Profit (loss)

19,665,150

35,260,821

63,791,372

80,884,777

  Other comprehensive income





   Components of other comprehensive income that will be reclassified to profit or loss





    Exchange differences on translation

7,199,091

-27,344,410

-37,589,253

-54,633,127

    Unrealised gains (losses) on valuation of available-for-sale financial assets

-13,530,434

7,761,355

47,508,317

4,498,644

    Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will be reclassified to profit or loss





     Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will be reclassified to profit or loss

-7,951,463

1,651,106

-1,074,334

50,029

    Income tax related to components of other comprehensive income that will be reclassified to profit or loss

-3,540,050

0

4,711,135

0

    Components of other comprehensive income that will be reclassified to profit or loss

-10,742,756

-17,931,949

4,133,595

-50,084,454

   Other comprehensive income, net

-10,742,756

-17,931,949

4,133,595

-50,084,454

  Total comprehensive income

8,922,394

17,328,872

67,924,967

30,800,323

  Profit (loss), attributable to:





   Profit (loss), attributable to owners of parent

21,028,838

34,635,381

67,075,811

79,896,890

   Profit (loss), attributable to non-controlling interests

-1,363,688

625,440

-3,284,439

987,887

  Comprehensive income attributable to:





   Comprehensive income, attributable to owners of parent

6,080,064

17,594,905

66,533,238

34,274,716

   Comprehensive income, attributable to non-controlling interests

2,842,330

-266,033

1,391,729

-3,474,393

  Basic earnings per share





   Basic earnings (loss) per share from continuing operations

1.21

2.00

3.87

4.62

   Total basic earnings per share

1.21

2.00

3.87

4.62

  Diluted earnings per share





   Diluted earnings (loss) per share from continuing operations

1.21

1.99

3.86

4.59

   Total diluted earnings per share

1.21

1.99

3.86

4.59



 

Accounting Title

2017/01/01To

2017/09/30

2016/01/01To

2016/09/30

Statement of cash flows

  Cash flows from (used in) operating activities, indirect method



   Profit (loss) from continuing operations before tax

87,236,625

110,389,238

   Profit (loss) before tax

87,236,625

110,389,238

   Adjustments



    Adjustments to reconcile profit (loss)



     Depreciation expense

43,252,555

48,773,364

     Amortization expense

942,586

664,560

     Provision (reversal of provision) for bad debt expense

95,738

901,135

     Net loss (gain) on financial assets or liabilities at fair value through profit or loss

14,143,231

18,610,832

     Interest expense

27,035,741

18,448,569

     Interest income

-33,029,043

-24,802,922

     Dividend income

-1,071,704

-1,344,193

     Share of loss (profit) of associates and joint ventures accounted for using equity method

-5,977,372

103,116

     Loss (gain) on disposal of property, plan and equipment

-31,989

-360,222

     Loss (gain) on disposal of investments

-776,034

947,797

     Impairment loss on financial assets

5,048,957

0

     Total adjustments to reconcile profit (loss)

49,632,666

61,942,036

    Changes in operating assets and liabilities



     Changes in operating assets



      Decrease (increase) in financial assets held for trading

-12,802,895

-4,387,053

      Decrease (increase) in notes receivable

316,924

482,931

      Decrease (increase) in accounts receivable

65,726,304

54,360,399

      Decrease (increase) in accounts receivable due from related parties

-27,386,313

4,417,174

      Decrease (increase) in other receivable

-17,534,306

1,558,129

      Decrease (increase) in inventories

-132,198,498

5,058,207

      Decrease (increase) in prepaid expenses

-1,215,618

2,945,263

      Total changes in operating assets

-125,094,402

64,435,050

     Changes in operating liabilities



      Increase (decrease) in accounts payable

6,814,326

-11,378,509

      Increase (decrease) in accounts payable to related parties

34,376,065

-299,571

      Increase (decrease) in other payable

-820,646

-3,117,540

      Increase (decrease) in provisions

1,223,096

-6,638

      Increase (decrease) in other current liabilities

-452,731

-8,723,239

      Increase (decrease) in net defined benefit liability

-81,261

-7,205

      Total changes in operating liabilities

41,058,849

-23,532,702

     Total changes in operating assets and liabilities

-84,035,553

40,902,348

    Total adjustments

-34,402,887

102,844,384

   Cash inflow (outflow) generated from operations

52,833,738

213,233,622

   Income taxes refund (paid)

-32,461,650

-38,368,722

  Net cash flows from (used in) operating activities

20,372,088

174,864,900

  Cash flows from (used in) investing activities



   Acquisition of financial assets at fair value through profit or loss, designated as upon initial recognition

-1,389,650

0

   Acquisition of available-for-sale financial assets

-157,352

-39,374,312

   Proceeds from disposal of available-for-sale financial assets

862,226

1,884,927

   Acquisition of financial assets at cost

-22,025,289

-13,314,175

   Proceeds from disposal of financial assets at cost

228,571

7,656

   Acquisition of investments accounted for using equity method

-570,702

-61,054,168

   Proceeds from capital reduction of investments accounted for using equity method

791,383

0

   Acquisition of property, plant and equipment

-36,569,773

-36,501,904

   Proceeds from disposal of property, plant and equipment

2,422,218

1,108,028

   Increase in other receivables due from related parties

224,181

-895,668

   Increase in other financial assets

-29,564,014

-58,110,937

   Increase in other non-current assets

-1,049,429

436,947

   Increase in other prepayments

-508,314

-6,981,448

   Interest received

32,576,387

19,710,841

   Dividends received

4,185,108

3,445,831

   Other investing activities

-262,511

-486,043

   Net cash flows from (used in) investing activities

-50,806,960

-190,124,425

  Cash flows from (used in) financing activities



   Increase in short-term loans

133,150,313

6,951,191

   Increase in short-term notes and bills payable

0

22,576,132

   Decrease in short-term notes and bills payable

-6,223,622

0

   Proceeds from issuing bonds

31,465,700

49,360,000

   Repayments of bonds

-30,818,500

-14,857,456

   Proceeds from long-term debt

4,849,199

570,500

   Repayments of long-term debt

-9,040,082

-6,866,013

   Increase in other non-current liabilities

645,385

98,816

   Cash dividends paid

-77,979,322

0

   Interest paid

-26,052,980

-13,792,305

   Change in non-controlling interests

11,306,156

343,217

   Net cash flows from (used in) financing activities

31,302,247

44,384,082

  Effect of exchange rate changes on cash and cash equivalents

-20,865,104

-33,164,907

  Net increase (decrease) in cash and cash equivalents

-19,997,729

-4,040,350

  Cash and cash equivalents at beginning of period

633,155,301

657,137,721

  Cash and cash equivalents at end of period

613,157,572

653,097,371

   Cash and cash equivalents reported in the statement of financial position

613,157,572

653,097,371

 


2017/09/30 Statement of Stockholders' Equity

Unit: NT$ thousand


Ordinary share

Total share capital

Capital surplus

Legal reserve

Unappropriated

retained earnings

(accumulated deficit)

Total retained earnings

Exchange differences on translation of foreign financial statements

Unrealized gains (losses) on

available-

for-sale financial assets

Total other equity interest

Treasury shares

Total equity attributable to owners of parent

Non-controlling interests

Total equity

Equity at beginning of period

173,287,383

173,287,383

93,046,611

107,866,626

672,059,408

779,926,034

-7,741,467

40,249,734

32,508,267

-18,901

1,078,749,394

55,039,204

1,133,788,598

Legal reserve appropriated

0

0

0

14,866,298

-14,866,298

0

0

0

0

0

0

0

0

Cash dividends of ordinary share

0

0

0

0

-77,979,322

-77,979,322

0

0

0

0

-77,979,322

0

-77,979,322

Changes in equity of associates and joint ventures accounted for using equity method

0

0

-1,017,687

0

0

0

0

0

0

0

-1,017,687

0

-1,017,687

Profit (loss)

0

0

0

0

67,075,811

67,075,811

0

0

0

0

67,075,811

-3,284,439

63,791,372

Other comprehensive income

0

0

0

0

0

0

-42,864,347

42,321,774

-542,573

0

-542,573

4,676,168

4,133,595

Total comprehensive income

0

0

0

0

67,075,811

67,075,811

-42,864,347

42,321,774

-542,573

0

66,533,238

1,391,729

67,924,967

Changes in ownership interests in subsidiaries

0

0

3,677,097

0

0

0

0

0

0

0

3,677,097

11,306,156

14,983,253

Changes in non-controlling interests

0

0

0

0

0

0

0

0

0

0

0

18,937,799

18,937,799

Total increase (decrease) in equity

0

0

2,659,410

14,866,298

-25,769,809

-10,903,511

-42,864,347

42,321,774

-542,573

0

-8,786,674

31,635,684

22,849,010

Equity at end of period

173,287,383

173,287,383

95,706,021

122,732,924

646,289,599

769,022,523

-50,605,814

82,571,508

31,965,694

-18,901

1,069,962,720

86,674,888

1,156,637,608

 

2016/09/30 Statement of Stockholders' Equity

Unit: NT$ thousand


Ordinary share

Total share capital

Capital surplus

Legal reserve

Unappropriated retained earnings (accumulated deficit)

Total retained earnings

Exchange differences on translation of foreign financial statements

Unrealized gains (losses) on available-for-sale financial assets

Total other equity interest

Treasury shares

Total equity attributable to owners of parent

Non-controlling interests

Total equity

Equity at beginning of period

156,382,881

156,382,881

81,736,538

93,179,928

616,227,711

709,407,639

52,934,288

7,187,393

60,121,681

-18,901

1,007,629,838

52,761,241

1,060,391,079

Legal reserve appropriated

0

0

0

14,686,698

-14,686,698

0

0

0

0

0

0

0

0

Cash dividends of ordinary share

0

0

0

0

-62,553,153

-62,553,153

0

0

0

0

-62,553,153

0

-62,553,153

Stock dividends of ordinary share

15,638,288

15,638,288

0

0

-15,638,288

-15,638,288

0

0

0

0

0

0

0

Changes in equity of associates and joint ventures accounted for using equity method

0

0

979,430

0

0

0

0

0

0

0

979,430

0

979,430

Profit (loss)

0

0

0

0

79,896,890

79,896,890

0

0

0

0

79,896,890

987,887

80,884,777

Other comprehensive income

0

0

0

0

0

0

-52,015,946

6,393,772

-45,622,174

0

-45,622,174

-4,462,280

-50,084,454

Total comprehensive income

0

0

0

0

79,896,890

79,896,890

-52,015,946

6,393,772

-45,622,174

0

34,274,716

-3,474,393

30,800,323

Changes in ownership interests in subsidiaries

0

0

1,578,233

0

0

0

0

0

0

0

1,578,233

0

1,578,233

Changes in non-controlling interests

0

0

0

0

0

0

0

0

0

0

0

1,669,804

1,669,804

Share-based payments

1,266,214

1,266,214

9,331,981

0

0

0

0

0

0

0

10,598,195

0

10,598,195

Total increase (decrease) in equity

16,904,502

16,904,502

11,889,644

14,686,698

-12,981,249

1,705,449

-52,015,946

6,393,772

-45,622,174

0

-15,122,579

-1,804,589

-16,927,168

Equity at end of period

173,287,383

173,287,383

93,626,182

107,866,626

603,246,462

711,113,088

918,342

13,581,165

14,499,507

-18,901

992,507,259

50,956,652

1,043,463,911

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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