|
|
ˇ@ |
BALANCE
SHEETS
December 31, 2007 and 2006 (Expressed in New Taiwan Thousand Dollars)
|
UnitˇGNT$Thousand
|
| ASSETS |
2007
|
2006
|
| CURRENT ASSETS |
|
|
| ˇ@Cash and cash equivalents |
$7,250,822
|
$5,400,138
|
| ˇ@Financial assets measured at fair value through profit or loss-current
|
40,035,879
|
52,347,551
|
| ˇ@Bonds purchased under agreements |
1,429,385
|
5,909,984
|
| ˇ@Margin loans receivable-net |
17,529,890
|
14,928,592
|
| ˇ@Refinancing margin |
1,259
|
43,479
|
| ˇ@Refinancing deposits receivable |
2,484,228
|
1,581,510
|
| ˇ@Customer margin accounts |
20,331,708
|
12,119,746
|
| ˇ@Futures margin receivable |
11,813
|
11,872
|
| ˇ@Stock borrowing collateral price |
113,590
|
-
|
| ˇ@Stock borrowing margin |
143,683
|
-
|
| ˇ@Notes receivable-net |
285
|
371
|
| ˇ@Accounts receivable-net |
841,495
|
831,968
|
| ˇ@Prepayments |
223,319
|
172,444
|
| ˇ@Pledged assets-current |
2,747,917
|
2,849,765
|
| ˇ@Deferred income tax assets-current |
-
|
49,899
|
| ˇ@Non-current assets held for sale |
10,204,146
|
-
|
| ˇ@Other current assets |
601,142
|
2,954,082
|
| ˇ@ˇ@Total Current Assets |
103,950,561
|
99,201,401
|
| ˇ@ |
|
ˇ@ |
| FUNDS AND INVESTMENTS |
|
|
| ˇ@Available-for-sale financial assets-non-current |
4,645,795
|
6,955,712
|
| ˇ@ˇ@Total Current Assets |
4,645,795
|
6,955,712
|
| ˇ@ |
|
ˇ@ |
| PROPERTY AND EQUIPMENT-NET |
|
|
| ˇ@Land |
2,372,273
|
2,855,657
|
| ˇ@Buildings |
952,616
|
1,419,332
|
| ˇ@Equipment |
2,739,274
|
2,924,832
|
| ˇ@Prepayments for property and equipment |
9,535
|
100,560
|
| ˇ@Leasehold improvements |
213,560
|
203,792
|
| ˇ@Less: Accumulated depreciation |
(2,209,625)
|
(2,343,322)
|
| ˇ@ˇ@Property and Equipment, Net |
4,077,633
|
5,160,851
|
| ˇ@ |
|
ˇ@ |
| INTANGIBLE ASSETS |
|
|
| ˇ@Goodwill |
1,037,831
|
1,329,428
|
| ˇ@Deferred pension cost |
-
|
15
|
| ˇ@Other intangible assets |
193,299
|
243,061
|
| ˇ@Total intangible assets |
1,231,130
|
1,572,504
|
| ˇ@ |
|
ˇ@ |
| OTHER ASSETS |
|
|
| ˇ@Operation bond
|
898,900
|
880,951
|
| ˇ@Settlement/clearance fund
|
442,099
|
446,644
|
| ˇ@Guarantee deposits-out |
496,083
|
1,476,809
|
| ˇ@Deferred charges |
49,460
|
29,668
|
| ˇ@Leased assets-net |
218,461
|
219,681
|
| ˇ@Accounts receivable overdue-net
|
27,765
|
62,465
|
| ˇ@Cash and cash equivalents-collected for settlement of warrants |
3
|
3
|
| ˇ@Cash and cash equivalents-collected for underwriting payment of shares |
4,745
|
106,732
|
| ˇ@Other assets-others |
198,907
|
349,949
|
| ˇ@ˇ@Total Other Assets |
2,336,423
|
3,572,902
|
| ˇ@ |
|
ˇ@ |
| TOTAL ASSETS
|
$116,241,542
|
$116,463,370
|
BALANCE
SHEETS
December 31, 2007 and 2006 (Expressed in New Taiwan Thousand Dollars)
| LIABILITIES
AND SHAREHOLDERS' EQUITY |
2007
|
2006
|
| CURRENT LIABILITIES
|
|
|
| ˇ@Short-term borrowings |
$14,833,078
|
$16,945,718
|
| ˇ@Commercial papers payable-net |
7,608,135
|
6,884,071
|
| ˇ@Bonds sold under repurchase agreements |
20,581,619
|
29,614,595
|
| ˇ@Financial liabilities measured at fair value through profit or loss-current |
3,239,395
|
6,547,996
|
| ˇ@Deposits for short sales |
1,078,856 |
1,477,096
|
| ˇ@Short sales proceeds payable |
1,259,550 |
2,047,609
|
| ˇ@Futures traders' equity |
5,395,325 |
4,315,676
|
| ˇ@Notes payale |
68 |
-
|
| ˇ@Accounts payable |
2,254,289 |
1,442,826
|
| ˇ@Amounts received in advance |
24,308 |
3,125
|
| ˇ@Amounts collected for other parties |
145,062 |
79,090
|
| ˇ@Other payable |
2,282,720 |
1,494,868
|
| ˇ@Income tax payable |
2,754,670 |
2,006,091
|
| ˇ@Liabilities directly associated with non-current assets held for sale |
1,610,622 |
-
|
| ˇ@Deferred income tax liabilities-current |
28,248 |
-
|
| ˇ@Current portion of long-term loans |
- |
1,803,840
|
| ˇ@Other financial liabilities-current |
550,381 |
175,284
|
| ˇ@ˇ@Total Current Liabilities |
63,646,326 |
74,837,885
|
| ˇ@ |
|
ˇ@ |
| LONG-TERM LIABILITIES |
|
|
| ˇ@ Corporate bonds payable |
2,080,000
|
-
|
| ˇ@ |
ˇ@ |
ˇ@ |
| OTHER LIABILITIES |
ˇ@
|
ˇ@
|
| ˇ@Reserve for default losses |
254,372 |
244,196
|
| ˇ@Reserve for trading losses |
131,414 |
83,771
|
| ˇ@Deposits received |
10,949 |
36,479
|
| ˇ@Accrued pension cost-non-current |
5,650 |
1,522
|
| ˇ@Deferred income tax liabilities-non-current |
25,195 |
128,754
|
| ˇ@Reserve for bad debt losses |
39,031 |
39,031
|
| ˇ@Collected for underwriting payment of shares |
- |
106,686
|
| ˇ@Others |
4,917 |
9,860
|
| ˇ@ˇ@Total Other Liabilities |
471,528 |
650,299
|
| CREDIT ITEMS FOR TRADE BROKERAGE-NET |
6,456,293 |
2,908,755 |
| ˇ@ |
ˇ@ |
ˇ@ |
| ˇ@ˇ@Total Liabilities |
72,654,147 |
78,396,939
|
| ˇ@ |
ˇ@ |
ˇ@ |
| SHAREHOLDERS' EQUITY |
ˇ@ |
ˇ@
|
| ˇ@Common stock |
25,380,862 |
25,380,862
|
| ˇ@Capital reserve |
46,273 |
46,273
|
| ˇ@Retained earnings |
ˇ@ |
ˇ@
|
| ˇ@Legal reserve |
1,376,670 |
1,111,029
|
| ˇ@Special reserve |
2,733,993 |
2,769,064
|
| ˇ@Unappropriated earnings |
5,891,838 |
2,764,756
|
| ˇ@Translation adjustments |
341,192 |
309,706
|
| ˇ@Treasury stock |
- |
(350,522)
|
| ˇ@Unrealized gains on financial instruments |
821,504 |
470,107
|
| ˇ@ˇ@Subtotal Shareholders' Equity for Parent Company |
36,592,332 |
32,501,275
|
| ˇ@Minority Interest |
6,995,063 |
5,565,156
|
|
Total Shareholders' Equity |
43,587,395 |
38,066,431
|
| ˇ@ |
ˇ@ |
ˇ@ |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY ˇ@ˇ@
|
$116,241,542 |
$116,463,370
|
INCOME
STATEMENTS
For the Years Ended December 31, 2007 and 2006
(Expressed in New Taiwan Thousand Dollars except for Earnings Per Share)
|
UnitˇGNT$Thousand
|
|
2007
|
2006
|
| REVENUES |
![]() |
![]() |
| ˇ@Brokerage handling fee revenue |
$8,149,107
|
$5,040,585
|
| ˇ@Revenue from underwriting business |
191,371
|
206,805
|
| ˇ@Gains on disposal of trading securities-dealing-net |
3,536,715
|
922,254
|
| ˇ@Gains on disposal of trading securities-underwriting-net |
155,455
|
100,927
|
| ˇ@Gains on disposal of trading securities-hedging-net |
-
|
1,223,338
|
| ˇ@Revenue from providing agency service for stock affairs |
3,145
|
3,881
|
| ˇ@Interest income |
3,222,487
|
2,750,199
|
| ˇ@Dividend income |
341,618
|
211,110
|
| ˇ@Gains on valuation of trading securities-dealing-net |
-
|
1,194,276
|
| ˇ@Gains on valuation of trading securities-underwriting-net |
-
|
244,634
|
| ˇ@Gains on valuation of liability for purchase of government bonds |
231
|
-
|
ˇ@ Gains on covering of borrowed securities and bonds with
ˇ@ resale agreements |
182,194
|
22,193
|
ˇ@Gains on valuation of borrowed securities and bonds with
ˇ@ resale agreements |
9,834
|
595
|
| ˇ@Gains on warrants issued |
777,555
|
374,226
|
| ˇ@Service fee revenues from clearing and settlement for others |
557
|
468
|
| ˇ@Gains on derivative financial product-futures |
389,607
|
171,829
|
| ˇ@Gains on derivative financial product-GTSM |
416,728
|
-
|
| ˇ@Futures advisory fee revenues |
1,217
|
332
|
| ˇ@ Other operating income |
230,151
|
158,403
|
| ˇ@Non-operating revenues and profits |
1,470,186
|
838,349
|
| ˇ@ Total Revenues |
19,078,158
|
13,464,404
|
| ˇ@ |
|
ˇ@ |
| COSTS AND EXPENSES |
![]() |
![]() |
| ˇ@Brokerage handling fee expense |
624,643
|
404,536
|
| ˇ@Dealing handling fee expense |
38,195
|
33,110
|
| ˇ@Refinancing handling fee expense |
153
|
606
|
| ˇ@Losses on disposal of trading securities-hedging-net |
316,516
|
-
|
| ˇ@Interest expenses |
990,235
|
891,244
|
| Losses on valuation of trading securities-dealing-net |
536,984
|
-
|
| ˇ@ Losses on valuation of trading securities-underwriting-net |
38,244
|
-
|
| ˇ@Losses on valuation of trading securities-hedging-net |
122,880
|
351,029
|
| ˇ@Losses on valuation of liability for purchase of government bonds |
-
|
231
|
| ˇ@Warrants issuing expenses |
16,640
|
8,388
|
| Futures commission expenses |
58,643
|
47,853
|
| Settlement and clearing service expenditure |
64,034
|
49,700
|
| Loss on derivative financial product-GTSM |
-
|
599,412
|
| ˇ@Operating expenses |
8,899,413
|
6,501,758
|
| ˇ@Other operating costs |
67,555
|
119,203
|
| ˇ@Non-operating expenses and losses |
1,510,746
|
1,445,979
|
| ˇ@ Total Costs and Expenses |
13,284,881
|
10,453,049
|
| ˇ@ |
|
ˇ@ |
ˇ@INCOME BEFORE INCOME TAX EXPENSES FROM
ˇ@ CONTINUING OPERATIONS |
5,793,277
|
3,011,355
|
| ˇ@INCOME TAX EXPENSES |
(1,031,394)
|
(760,949)
|
ˇ@INCOME/(LOSS) AFTER INCOME TAX EXPENSES FROM
ˇ@ CONTINUING OPERATIONS |
4,761,883
|
2,250,406
|
| ˇ@CUMULATIVE EFFECT OF CHANGES IN ACCOUNTING PRINCIPLES |
-
|
308,291
|
ˇ@INCOME AFTER INCOME TAX EXPENSES FROM DISCONTINUED
ˇ@OPERATIONS |
1,278,303
|
408,873
|
| ˇ@CONSOLIDATED GROSS INCOME |
$6,040,186
|
$2,967,570
|
| ˇ@ |
|
ˇ@ |
|
Consolidated income attributable to : |
|
ˇ@
|
| ˇ@Parent Company |
$5,213,882
|
$2,656,413
|
| ˇ@Minority Interest |
826,304
|
311,157
|
| ˇ@Consolidated Gross Income |
$6,040,186
|
$2,967,570
|
| ˇ@ |
|
ˇ@ |
| EARNINGS PER SHARE |
|
ˇ@
|
| ˇ@Parent Company |
$2.08
|
$1.06
|
| ˇ@Minority Interest |
0.32
|
0.12
|
| ˇ@Consolidated Gross Income
|
$2.40
|
$1.18
|
The accompanying notes are an integral part of the financial statements.
|
|
 |
