|
|
¡@ |
BALANCE
SHEETS (Unaudited)
KGI SECURITIES CO., LTD.
March 31, 2010 and 2009
(Expressed
in New Taiwan Thousand Dollars)
| ASSETS |
03/31/10
|
03/31/09 |
| CURRENT ASSETS |
|
|
| ¡@Cash and cash equivalents |
$4,043,030
|
$6,960,088
|
| ¡@Financial assets measured at fair value through profit or loss-current
|
36,595,437
|
33,919,214
|
| ¡@Bonds purchased under
resale agreements |
9,556,797
|
2,043,751
|
| ¡@Margin loans receivable-net |
28,445,310
|
6,493,331 |
|
Refinancing Margin |
46,745 |
- |
|
Refinancing deposits receivable |
40,604 |
- |
| ¡@Stock
borrowing collateral price |
157,620
|
17,967
|
| ¡@Stock
borrowing margin |
3,551,325
|
66,567
|
| ¡@Notes receivable-net |
391
|
120
|
| ¡@Accounts receivable-net |
3,579,057
|
370,056
|
|
Prepayments |
111,906 |
21,126 |
| ¡@Pledged assets-current |
615,000
|
383,700
|
| ¡@Deferred income tax assets-current |
-
|
54,848
|
|
Available-for-sale
financial assets-current |
3,558,535 |
2,083,151 |
| ¡@Other current assets |
1,252,176
|
341,551
|
| ¡@¡@Total Current Assets |
91,553,933
|
52,755,470
|
| ¡@ |
|
¡@ |
| FUNDS AND INVESTMENTS |
|
|
| ¡@Long-term equity investments using the equity method |
11,675,639
|
10,932,461
|
| ¡@Available-for-sale financial assets-non-current |
2,746,544
|
2,326,873
|
|
Bonds investments for
which no active market exist-non-current |
19,197 |
23,608 |
| ¡@¡@Total
Funds and Investments |
14,441,380
|
13,282,942
|
| ¡@ |
|
¡@ |
| PROPERTY AND EQUIPMENT-NET |
|
|
| ¡@Land |
2,539,935
|
2,305,982
|
| ¡@Buildings |
1,016,538
|
923,340
|
| ¡@Equipment |
1,841,473
|
1,697,727
|
| ¡@Prepayments for property and equipment |
19,149
|
6,028
|
| ¡@Leasehold improvements |
125,266
|
110,823
|
| ¡@Less: Accumulated depreciation |
(1,568,240)
|
(1,423,877)
|
| ¡@¡@Property and Equipment- Net |
3,974,121
|
3,620,023
|
| ¡@ |
|
¡@ |
| INTANGIBLE ASSETS |
|
|
| Goodwill |
5,204,217 |
- |
|
Deferred pension costs |
6,439 |
10,657 |
|
Other intangible assets |
3,233,591 |
43,236 |
| ¡@
Total Intangible Assets |
8,444,247
|
53,893
|
| ¡@ |
|
¡@ |
| OTHER ASSETS |
|
|
| ¡@Operation bond
|
1,670,000
|
695,000
|
| ¡@Settlement/clearance fund
|
582,901
|
353,081
|
| ¡@Guarantee deposits-out |
322,219
|
542,154
|
| ¡@Deferred charges |
83,523
|
39,879
|
|
Pledged assets-non-current |
23,882 |
- |
| ¡@Leased assets-net |
334,656
|
216,936
|
| ¡@Accounts receivable overdue-net
|
97,346
|
22,364
|
|
Cash and cash
equivalents-collected for settlement of warrants |
6 |
3 |
|
Cash
and cash equivalents-collected for underwriting payment of shares |
294,600
|
48
|
|
Others |
38,439 |
- |
| ¡@¡@Total Other Assets |
3,447,572
|
1,869,465
|
| ¡@ |
|
¡@ |
| TOTAL ASSETS
|
$121,861,253
|
$71,581,793
|
(continue on next page)
BALANCE
SHEETS
(Unaudited)
KGI SECURITIES CO., LTD.
March 31, 2010
and 2009
(Expressed in New Taiwan Thousand Dollars)
| LIABILITIES
AND SHAREHOLDERS' EQUITY |
03/31/10
|
03/31/09 |
| CURRENT LIABILITIES
|
|
|
| ¡@Short-term borrowings |
$2,940,000
|
-
|
|
Commercial papers
payable-net |
8,527,385 |
- |
| ¡@Bonds sold under repurchase agreements |
35,220,470
|
26,548,583
|
| ¡@Financial liabilities measured at fair value through profit or loss-current |
4,646,188
|
4,824,877
|
| ¡@Deposits for short sales |
2,416,948 |
726,804
|
| ¡@Short sales proceeds payable |
2,780,021 |
817,389
|
|
Securities lending
refundable deposits |
5,507,918 |
- |
|
Notes payable |
27,596 |
14,969 |
| ¡@Accounts payable |
4,943,569 |
660,923
|
| ¡@Amounts received in advance |
2,630 |
130
|
| ¡@Amounts collected for other parties |
222,979 |
271,730
|
| ¡@Other payable |
1,142,268 |
404,100
|
| ¡@Income tax payable |
3,494,506 |
2,497,388
|
|
Deferred
income tax liabilities-current |
16,531 |
- |
|
Current portion of long-term borrowings |
2,080,000 |
- |
| ¡@Other
financial liabilities-current |
2,024,181 |
418,727
|
| ¡@¡@Total Current Liabilities |
75,993,190 |
37,185,620
|
| ¡@ |
|
¡@ |
| LONG-TERM LIABILITIES |
|
|
| ¡@
Corporate bonds payable |
-
|
2,080,000
|
| ¡@ |
¡@ |
¡@ |
| OTHER LIABILITIES |
¡@
|
¡@
|
| ¡@Reserve for default losses |
200,000 |
200,000
|
| ¡@Reserve for trading losses |
102,362 |
79,332 |
| ¡@Deposits received |
20,910 |
20,587
|
|
Accrued pension
liabilities-non-current |
453,063 |
51,941 |
| ¡@Deferred
income tax liabilities-non-current |
25,119 |
27,251
|
|
Collected for underwriting payment of shares |
274,140 |
- |
¡@Others |
6,063 |
4,917
|
| ¡@¡@Total Other Liabilities |
1,081,657 |
384,028
|
| ¡@ |
¡@ |
¡@ |
|
CREDIT ITEMS FOR TRADE
BROKERAGE-NET |
176,140 |
386,704 |
| ¡@ |
¡@ |
¡@ |
| ¡@¡@Total Liabilities |
77,250,987 |
40,036,352
|
| ¡@ |
¡@ |
¡@ |
| SHAREHOLDERS' EQUITY |
¡@ |
¡@
|
| ¡@Common stock |
32,072,362 |
25,380,862
|
| ¡@Capital reserve |
¡@ |
¡@ |
|
Capital reserve-additional paid-in capital common stock |
2,602,528 |
- |
|
Capital reserve-treasury stock transactions |
2,517 |
- |
|
Capital reserve-surplus
from business combination |
46,273 |
46,273 |
|
Capital reserve-employee stock option |
87,000 |
87,000 |
|
Retained earnings |
¡@ |
¡@ |
| ¡@ Legal reserve |
2,084,701 |
1,898,058
|
| ¡@ Special reserve |
6,748,649 |
3,776,769
|
| ¡@ Unappropriated earnings |
2,849,236 |
3,804,797
|
|
Other
items in shareholders' equity |
¡@ |
¡@ |
| ¡@ Translation adjustments |
(86,689) |
395,253
|
|
Net loss not recognized as
pension costs |
(112,222) |
(26,808) |
| ¡@ Treasury stock |
(844,811) |
(850,797)
|
| ¡@ Unrealized losses on financial instruments |
(839,278) |
(2,965,966) |
|
Total Shareholders' Equity |
44,610,266 |
31,545,441
|
| ¡@ |
¡@ |
¡@ |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY ¡@¡@ |
$121,861,253 |
$71,581,793
|
¡@
INCOME
STATEMENTS (Unaudited)
KGI SECURITIES CO., LTD.
For the Three-Month
Periods Ended March 31, 2010 and 2009
(Expressed In New Taiwan Thousand Dollars except for Earnings Per Share )
|
2010
|
2009 |
| REVENUES |
![]() |
![]() |
| ¡@Brokerage handling fee revenue |
$1,272,378
|
$381,028
|
| ¡@Revenue from underwriting business |
63,090
|
6,507
|
| ¡@Gains on disposal of trading securities-dealing-net |
110,337
|
-
|
|
Gains on disposal of
trading securities-underwriting-net |
34,416 |
- |
|
Gains on disposal of
trading securities-hedging-net |
- |
43,803 |
| ¡@Revenue from providing agency service for stock affairs |
1,819
|
1,347
|
| ¡@Interest income |
562,312
|
295,376
|
|
Dividend income |
5 |
- |
| ¡@Gains on valuation of trading securities-dealing-net |
-
|
287,680
|
|
Gains on valuation of
trading securities-underwriting-net |
- |
889 |
|
Gains
on valuation of trading securities-hedging-net |
- |
45,449 |
| ¡@Gains on warrants issued |
247,107
|
-
|
| ¡@Futures
consulting fees |
63,426
|
31,211
|
| ¡@Gains on derivative financial product-futures |
31,141
|
2,493 |
|
Gains on derivative
financial product-GTSM |
159,062 |
- |
| ¡@Other operating income |
86,068
|
29,721
|
| ¡@Non-operating revenues and profits |
286,294
|
117,882
|
| ¡@ Total Revenues |
2,917,455
|
1,243,386
|
| ¡@ |
|
¡@ |
| COSTS AND EXPENSES |
![]() |
![]() |
| ¡@Brokerage handling fee expense |
78,507
|
22,308
|
| ¡@Dealing handling fee expense |
5,942
|
5,017
|
| ¡@Refinancing handling fee expense |
219
|
14
|
| ¡@Losses on disposal of trading securities-dealing-net |
-
|
4,331
|
|
Losses
on disposal of trading securities-hedging-net |
- |
459 |
|
Losses on disposal
of trading securities-hedging-net |
76,772 |
- |
| ¡@Interest expenses |
40,462
|
58,267
|
|
Losses
on valuation of trading securities-dealing-net |
287,666 |
- |
|
Losses on valuation of
trading securities-underwriting-net |
52,617 |
- |
|
Losses
on valuation of trading securities-hedging-net |
78,711 |
- |
|
Losses on valuation of
liability for purchase of government bonds |
362 |
- |
¡@Losses on covering of borrowed securities and bonds
with resale agreements |
6,622
|
31,704
|
Losses on valuation of
borrowed securities and bonds
with resale agreements |
8,403 |
9,088 |
| ¡@Warrants issuing expenses |
10,293
|
5,224
|
|
Losses on warrants
issued |
- |
42,643 |
| ¡@Settlement and clearing service expenditure |
1,593
|
2,831
|
|
Loss
on derivative financial product-GTSM |
- |
85,475 |
| ¡@Operating expenses |
1,521,803
|
666,194
|
| ¡@Other operating costs |
251
|
1,245
|
| ¡@Non-operating expenses and losses |
97,920
|
12,024
|
| ¡@ Total Costs and Expenses |
2,268,143
|
946,824
|
| ¡@ |
|
¡@ |
|
INCOME BEFORE INCOME TAX EXPENSES FROM CONTINUING
UNITS |
649,312
|
296,562
|
|
INCOME TAX EXPENSES
|
(122,535)
|
(32,781)
|
|
NET INCOME |
$526,777
|
$263,781
|
| ¡@ |
|
¡@ |
| EARNINGS PER SHARE |
|
¡@
|
| ¡@Income before income tax expenses from continuing operations |
$0.21
|
$0.12
|
| ¡@Income tax expenses |
(0.04)
|
(0.01)
|
| ¡@ Net income |
$0.17
|
$0.11
|
|
|
 |
