Taiwan
Thailand
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.





ˇ@