|
|
¡@ |
BALANCE
SHEETS
KGI SECURITIES CO., LTD.
September 30, 2009 and 2008
(Expressed
in New Taiwan Thousand Dollars)
| ASSETS |
09/30/09
|
09/30/08 |
| CURRENT ASSETS |
|
|
| ¡@Cash and cash equivalents |
$12,083,192
|
$2,321,619
|
| ¡@Financial assets measured at fair value through profit or loss-current
|
36,766,822
|
27,458,290
|
| ¡@Bonds purchased under
resale agreements |
2,006,861
|
4,168,193
|
| ¡@Margin loans receivable-net |
10,417,594
|
8,544,454 |
|
Refinancing Margin |
2,079 |
70 |
|
Refinancing deposits receivable |
1,752 |
73 |
| ¡@Stock
borrowing collateral price |
73,576
|
88,417
|
| ¡@Stock
borrowing margin |
105,077
|
86,550
|
| ¡@Notes receivable-net |
-
|
379
|
| ¡@Accounts receivable-net |
1,418,253
|
168,298
|
|
Prepayments |
17,997 |
23,462 |
| ¡@Pledged assets-current |
318,200
|
566,800
|
| ¡@Deferred income tax assets-current |
43,666
|
57,547
|
|
Available-for-sale
financial assets-current |
3,233,605 |
2,772,318 |
| ¡@Other current assets |
1,261,497
|
373,048
|
| ¡@¡@Total Current Assets |
67,750,171
|
46,629,518
|
| ¡@ |
|
¡@ |
| FUNDS AND INVESTMENTS |
|
|
| ¡@Long-term equity investments using the equity method |
10,630,422
|
10,391,666
|
| ¡@Available-for-sale financial assets-non-current |
2,812,550
|
2,691,696
|
|
Bonds investments for
which no active market exist-non-current |
24,009 |
- |
| ¡@¡@Total
Funds and Investments |
13,466,981
|
13,083,362
|
| ¡@ |
|
¡@ |
| PROPERTY AND EQUIPMENT-NET |
|
|
| ¡@Land |
2,305,982
|
2,305,982
|
| ¡@Buildings |
923,340
|
923,340
|
| ¡@Equipment |
1,694,278
|
1,716,952
|
| ¡@Prepayments for property and equipment |
715
|
3,886
|
| ¡@Leasehold improvements |
110,901
|
105,537
|
| ¡@Less: Accumulated depreciation |
(1,497,387)
|
(1,371,334)
|
| ¡@¡@Property and Equipment- Net |
3,537,829
|
3,684,363
|
| ¡@ |
|
¡@ |
| INTANGIBLE ASSETS |
|
|
|
Deferred pension costs |
10,657 |
- |
|
Other intangible assets |
43,141 |
50,647 |
| ¡@
Total Intangible Assets |
53,798
|
50,647
|
| ¡@ |
|
¡@ |
| OTHER ASSETS |
|
|
| ¡@Operation bond
|
695,000
|
695,000
|
| ¡@Settlement/clearance fund
|
357,214
|
360,584
|
| ¡@Guarantee deposits-out |
614,543
|
388,570
|
| ¡@Deferred charges |
35,104
|
43,074
|
| ¡@Leased assets-net |
216,327
|
217,546
|
| ¡@Accounts receivable overdue-net
|
20,339
|
24,765
|
|
Cash and cash
equivalents-collected for settlement of warrants |
3 |
3 |
|
Cash
and cash equivalents-collected for underwriting payment of shares |
77,550
|
146
|
| ¡@¡@Total Other Assets |
2,016,080
|
1,729,688
|
| ¡@ |
|
¡@ |
|
DEBIT ITEMS FOR TRADE
BROKERAGE-NET |
85,711 |
266,298 |
| ¡@ |
|
¡@ |
| TOTAL ASSETS
|
$86,824,859
|
$65,177,578
|
(continue on next page)
BALANCE
SHEETS
KGI SECURITIES CO., LTD.
September 30, 2009
and 2008
(Expressed in New Taiwan Thousand Dollars)
| LIABILITIES
AND SHAREHOLDERS' EQUITY |
09/30/09
|
09/30/08 |
| CURRENT LIABILITIES
|
|
|
| ¡@Short-term borrowings |
$8,537
|
-
|
| ¡@Bonds sold under repurchase agreements |
26,160,691
|
14,329,836
|
| ¡@Financial liabilities measured at fair value through profit or loss-current |
4,491,398
|
1,710,858
|
| ¡@Deposits for short sales |
1,917,521 |
723,577
|
| ¡@Short sales proceeds payable |
2,168,557 |
849,685
|
|
Notes payable |
7,938 |
- |
| ¡@Accounts payable |
1,420,621 |
8,037,589
|
| ¡@Amounts received in advance |
51 |
7,866
|
| ¡@Amounts collected for other parties |
174,300 |
59,036
|
| ¡@Other payable |
803,393 |
705,164
|
| ¡@Income tax payable |
1,975,098 |
2,484,973
|
|
Corporate bonds payable-current portion |
2,080,000 |
- |
| ¡@Other
financial liabilities-current |
2,061,125 |
1,234,977
|
| ¡@¡@Total Current Liabilities |
43,269,230 |
30,143,561
|
| ¡@ |
|
¡@ |
| LONG-TERM LIABILITIES |
|
|
| ¡@
Corporate bonds payable |
-
|
2,080,000
|
| ¡@ |
¡@ |
¡@ |
| OTHER LIABILITIES |
¡@
|
¡@
|
| ¡@Reserve for default losses |
200,000 |
200,000
|
| ¡@Reserve for trading losses |
74,008 |
40,365 |
| ¡@Deposits received |
20,512 |
20,495
|
|
Accrued pension
liabilities-non-current |
51,941 |
3,992 |
| ¡@Deferred
income tax liabilities-non-current |
18,666 |
30,002
|
|
Collected for underwriting payment of shares |
77,408 |
- |
¡@Others |
4,917 |
4,917
|
| ¡@¡@Total Other Liabilities |
447,452 |
299,771
|
| ¡@ |
¡@ |
¡@ |
|
Credit items for trade
brokerage-net |
35,907 |
49,056 |
| ¡@ |
¡@ |
¡@ |
| ¡@¡@Total Liabilities |
43,752,589 |
32,572,388
|
| ¡@ |
¡@ |
¡@ |
| SHAREHOLDERS' EQUITY |
¡@ |
¡@
|
| ¡@Common stock |
32,072,362 |
25,380,862
|
| ¡@Capital reserve |
¡@ |
¡@ |
|
Capital reserve-paid-in capital in excess of par value |
2,602,207 |
- |
|
Capital reserve-surplus from business operation |
46,273 |
46,273 |
|
Capital reserve-employee stock option |
87,000 |
- |
|
Retained earnings |
¡@ |
¡@ |
| ¡@ Legal reserve |
2,084,701 |
1,898,058
|
| ¡@ Special reserve |
6,748,649 |
3,776,769
|
| ¡@ Unappropriated earnings |
1,483,769 |
3,328,976
|
|
Other
items in shareholders' equity |
¡@ |
¡@ |
| ¡@ Translation adjustments |
(15,803) |
46,580
|
|
Net loss not recognized as
pension costs |
(26,808) |
- |
| ¡@ Treasury stock |
(844,811) |
(17,935)
|
| ¡@ Unrealized losses on financial instruments |
(1,165,269) |
(1,854,393) |
|
Total Shareholders' Equity |
43,072,270 |
32,605,190
|
| ¡@ |
¡@ |
¡@ |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY ¡@¡@ |
$86,824,859 |
$65,177,578
|
¡@
INCOME
STATEMENTS
KGI SECURITIES CO., LTD.
For the Nine-Month
Periods Ended September
30, 2009 and 2008
(Expressed In New Taiwan Thousand Dollars except for Earnings Per Share )
|
2009
|
2008
|
| REVENUES |
![]() |
![]() |
| ¡@Brokerage handling fee revenue |
$1,842,001
|
$1,850,208
|
| ¡@Revenue from underwriting business |
38,935
|
65,362
|
| ¡@Gains on disposal of trading securities-dealing-net |
565,996
|
-
|
|
Gains on disposal of
trading securities-underwriting-net |
15,408 |
274,043 |
|
Gains on disposal of
trading securities-hedging-net |
311,606 |
- |
| ¡@Revenue from providing agency service for stock affairs |
4,670
|
4,245
|
| ¡@Interest income |
1,111,195
|
1,216,266
|
|
Dividend income |
47,429 |
191,896 |
| ¡@Gains on valuation of trading securities-dealing-net |
624,707
|
-
|
|
Gains on valuation of
trading securities-underwriting-net |
20,475 |
- |
|
Gains
on valuation of trading securities-hedging-net |
20,303 |
- |
¡@Gains on covering of borrowed securities and bonds with
¡@ resale agreements |
-
|
57,752
|
Gains on valuation of borrowed securities and bonds with
¡@ resale agreements |
- |
7,975 |
| ¡@Gains on warrants issued |
-
|
370,036
|
| ¡@Futures commission income |
95,342
|
106,519
|
| ¡@Gains on derivative financial product-futures |
-
|
430,390 |
| ¡@Other operating income |
178,264
|
196,095
|
| ¡@Non-operating revenues and profits |
646,861
|
2,245,452
|
| ¡@ Total Revenues |
5,523,192
|
7,016,239
|
| ¡@ |
|
¡@ |
| COSTS AND EXPENSES |
![]() |
![]() |
| ¡@Brokerage handling fee expense |
112,922
|
112,677
|
| ¡@Dealing handling fee expense |
15,323
|
29,364
|
| ¡@Refinancing handling fee expense |
253
|
100
|
| ¡@Losses on disposal of trading securities-dealing-net |
-
|
616,852
|
|
Losses
on disposal of trading securities-hedging-net |
- |
312,264 |
| ¡@Interest expenses |
126,142
|
407,823
|
|
Losses
on valuation of trading securities-dealing-net |
- |
582,846 |
|
Losses on valuation of
trading securities-underwriting-net |
- |
188,183 |
|
Losses
on valuation of trading securities-hedging-net |
- |
22,190 |
¡@Losses on covering of borrowed securities and bonds
with resale agreements |
82,134
|
-
|
Losses on valuation of
borrowed securities and bonds
with resale agreements |
10,726 |
- |
|
Losses
on trading of borrowed securities |
1,174 |
249 |
| ¡@Warrants issuing expenses |
20,897
|
13,190
|
|
Losses on warrants
issued |
86,927 |
- |
| ¡@Settlement and clearing service expenditure |
6,889
|
14,966
|
| Loss on derivative financial product-futures |
171,592
|
-
|
|
Loss
on derivative financial product-GTSM |
523,841 |
54,271 |
| ¡@Operating expenses |
2,414,117
|
2,393,110
|
| ¡@Other operating costs |
125
|
42,028
|
| ¡@Non-operating expenses and losses |
306,451
|
117,019
|
| ¡@ Total Costs and Expenses |
3,879,513
|
4,907,132
|
| ¡@ |
|
¡@ |
|
INCOME BEFORE INCOME TAX EXPENSES FROM CONTINUING OPERATIONS |
1,643,679
|
2,109,107
|
|
INCOME TAX EXPENSES
|
(179,335)
|
(454,718)
|
|
NET INCOME |
$1,464,344
|
$1,654,389
|
| ¡@ |
|
¡@ |
| EARNINGS PER SHARE |
|
¡@
|
| ¡@Income before income tax expenses from continuing operations |
$0.64
|
$0.83
|
| ¡@Income tax expenses |
(0.07)
|
(0.18)
|
| ¡@ Net income |
$0.57
|
$0.65
|
|
|
 |
