3Q 2014 Financial Statement

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Balance Sheet
As of September 30, 2014
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
US$
September 30, 2014
NT$
%
Assets
Current assets
Cash and cash equivalents
Financial assets at fair value through profit or loss, current
Available-for-sale financial assets, current
Notes & Accounts receivable, net
Inventories, net
Other current assets
Total current assets
1,406
21
72
721
471
328
3,019
42,744
649
2,190
21,932
14,310
9,977
91,802
14.2%
0.2%
0.7%
7.3%
4.8%
3.3%
30.5%
Non-current assets
Funds and investments
Property, plant and equipment
Other non-current assets
Total non-current assets
Total assets
1,093
5,343
437
6,873
9,892
33,236
162,474
13,310
209,020
300,822
11.0%
54.0%
4.5%
69.5%
100.0%
Liabilities
Current liabilities
Short-term loans
Financial liabilities at fair value through profit or loss, current
Payables
Current portion of long-term liabilities
Other current liabilities
Total current liabilities
233
0
963
269
29
1,494
7,075
8
29,271
8,188
902
45,444
2.4%
0.0%
9.7%
2.7%
0.3%
15.1%
Non-current liabilities
Bonds payable
Long-term loans
Other non-current liabilities
Total non-current liabilities
Total liabilities
821
231
230
1,282
2,776
24,977
7,008
7,001
38,986
84,430
8.3%
2.4%
2.3%
13.0%
28.1%
4,184
1,296
127,248
39,418
42.3%
13.1%
1,587
(78)
6,989
127
7,116
9,892
48,244
(2,365)
212,545
3,847
216,392
300,822
16.0%
(0.8%)
70.6%
1.3%
71.9%
100.0%
Equity
Equity attributable to the parent company
Capital
Additional paid-in capital
Retained earnings, unrealized gain or loss on available-for-sale
financial assets and exchange differences on translation of
foreign operations
Treasury stock
Total equity attributable to the parent company
Non-controlling interests
Total equity
Total liabilities and equity
Note´╝ÜNew Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2014 exchange rate of NT $30.41 per U.S. Dollar.
All figures are prepared in accordance with TIFRSs.
Financial Table 1/4
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Year over Year Comparison
Net operating revenues
Operating costs
Gross profit
Operating expenses
- Sales and marketing expenses
- General and administrative expenses
- Research and development expenses
Subtotal
Net other operating income and expenses
Operating income
Net non-operating income and expenses
Income from continuing operations before
income tax
Quarter over Quarter Comparison
Three-Month Period Ended
September 30, 2014
September 30, 2013
US$
NT$
US$
NT$
1,158
35,214
1,099
33,407
(909)
(27,655)
(858)
(26,070)
249
7,559
241
7,337
21.5%
21.5%
22.0%
22.0%
(32)
(28)
(114)
(174)
(20)
55
4.8%
(957)
(845)
(3,468)
(5,270)
(602)
1,687
4.8%
(26)
(28)
(107)
(161)
(1)
79
7.2%
%
Chg.
5.4%
6.1%
3.0%
(778)
(854)
(3,262)
(4,894)
(48)
2,395
7.2%
23.0%
(1.1%)
6.3%
7.7%
100.0%
(29.6%)
Three-Month Period Ended
September 30, 2014
June 30, 2014
US$
NT$
US$
NT$
1,158
35,214
1,180
35,869
(909)
(27,655)
(910)
(27,662)
249
7,559
270
8,207
21.5%
21.5%
22.9%
22.9%
(32)
(28)
(114)
(174)
(20)
55
4.8%
(957)
(845)
(3,468)
(5,270)
(602)
1,687
4.8%
(36)
(28)
(110)
(174)
(0)
96
8.1%
(1,097)
(857)
(3,326)
(5,280)
(10)
2,917
8.1%
43
1,305
51
1,561
(16.4%)
43
1,305
31
937
98
8.5%
2,992
8.5%
130
11.8%
3,956
11.8%
(24.4%)
98
8.5%
2,992
8.5%
127
10.7%
3,854
10.7%
(13)
85
7.3%
(413)
2,579
7.3%
(19)
111
10.1%
(590)
3,366
10.1%
(30.0%)
(23.4%)
(13)
85
7.3%
(413)
2,579
7.3%
(50)
(1,501)
(74)
(2,249)
(33.3%)
(50)
(1,501)
35
1,078
37
1,117
(3.5%)
35
Net income attributable to:
Stockholders of the parent
Non-controlling interests
96
(11)
2,916
(337)
114
(3)
3,476
(110)
(16.1%)
100.0%
Comprehensive income attributable to:
Stockholders of the parent
Non-controlling interests
45
(10)
1,372
(294)
41
(4)
1,255
(138)
9.3%
100.0%
Income tax expense
Net income
Other comprehensive income (loss)
Total comprehensive income
Earnings per share-basic
Earnings per ADS (2)
Weighted average number of shares
outstanding (in millions)
0.008
0.038
0.23
1.15
12,501
0.009
0.046
0.28
1.40
(12.8%)
(1.4%)
4.3%
(0.2%)
100.0%
(42.2%)
39.3%
(22.4%)
(528)
3,326
9.3%
(21.8%)
(22.5%)
4
103
-
1,078
113
3,429
(68.6%)
96
(11)
2,916
(337)
115
(6)
3,482
(156)
(16.3%)
100.0%
45
(10)
1,372
(294)
120
(7)
3,636
(207)
(62.3%)
42.0%
0.008
0.038
12,460
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2014 exchange rate of NT $30.41 per U.S. Dollar.
All figures are prepared in accordance with TIFRSs.
(2) 1 ADS equals 5 common shares.
0.23
1.15
12,501
(18)
109
9.3%
%
Chg.
(1.8%)
(0.0%)
(7.9%)
0.009
0.046
0.28
1.40
12,489
Financial Table 2/4
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Net operating revenues
Operating costs
Gross profit
Operating expenses
- Sales and marketing expenses
- General and administrative expenses
- Research and development expenses
Subtotal
Net other operating income and expenses
Operating income
For the Three-Month Period Ended
September 30, 2014
US$
NT$
%
1,158
35,214
100.0%
(909)
(27,655)
(78.5%)
249
7,559
21.5%
For the Nine-Month Period Ended
September 30, 2014
US$
NT$
%
3,380
102,777
100.0%
(2,668)
(81,110)
(78.9%)
712
21,667
21.1%
(32)
(28)
(114)
(174)
(20)
55
(957)
(845)
(3,468)
(5,270)
(602)
1,687
(2.7%)
(2.4%)
(9.9%)
(15.0%)
(1.7%)
4.8%
(95)
(84)
(333)
(512)
(18)
182
(2,888)
(2,549)
(10,129)
(15,566)
(557)
5,544
(2.8%)
(2.5%)
(9.9%)
(15.2%)
(0.5%)
5.4%
43
1,305
3.7%
86
2,594
2.5%
98
2,992
8.5%
268
8,138
7.9%
Income tax expense
Net income
(13)
85
(413)
2,579
(1.2%)
7.3%
(37)
231
(1,122)
7,016
(1.1%)
6.8%
Other comprehensive income (loss)
(50)
(1,501)
(4.2%)
90
2,731
2.7%
35
1,078
3.1%
321
9,747
9.5%
Net income attributable to:
Stockholders of the parent
Non-controlling interests
96
(11)
2,916
(337)
8.3%
(1.0%)
249
(18)
7,578
(562)
7.4%
(0.6%)
Comprehensive income attributable to:
Stockholders of the parent
Non-controlling interests
45
(10)
1,372
(294)
3.9%
(0.8%)
338
(17)
10,269
(522)
10.0%
(0.5%)
Net non-operating income and expenses
Income from continuing operations before
income tax
Total comprehensive income
Earnings per share-basic
(2)
Earnings per ADS
Weighted average number of shares
outstanding (in millions)
0.008
0.038
0.23
1.15
0.020
0.100
12,501
0.61
3.05
12,490
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2014 exchange rate of NT $30.41 per U.S. Dollar.
All figures are prepared in accordance with TIFRSs.
(2) 1 ADS equals 5 common shares.
Financial Table 3/4
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statement of Cash Flows
For The Nine-Month Period Ended September 30, 2014
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
USD
NTD
Cash flows from operating activities :
Net income before tax
Depreciation & Amortization
Impairment loss on financial assets
Impairment loss on non-financial assets
Gain on disposal of investments
Changes in notes & accounts receivable
Changes in other current assets
Changes in assets, liabilities and others
Net cash provided by operating activities
268
986
8
20
(57)
(167)
(158)
(47)
853
8,138
29,994
257
597
(1,739)
(5,084)
(4,796)
(1,415)
25,952
Cash flows from investing activities :
Acquisition of available-for-sales financial assets
Proceeds from disposal of available-for-sale financial assets
Acquisition of financial assets measured at cost
Proceeds from sale of financial assets measured at cost
Acquisition of investments accounted for under the equity method
Acquisition of property, plant and equipment
Proceeds from disposal of property, plant and equipment
Acquisition of intangible assets
Others
Net cash used in investing activities
(5)
72
(24)
22
(4)
(889)
8
(29)
(0)
(849)
(167)
2,199
(747)
674
(121)
(27,029)
253
(871)
(7)
(25,816)
Cash flows from financing activities :
Increase in short-term loans
Proceeds from bonds issued
Redemption of bonds
Proceeds from long-term loans
Repayments of long-term loans
Cash dividends and cash paid from additional paid-in capital
Others
Net cash used in financing activities
78
164
(339)
60
(57)
(206)
14
(286)
2,364
5,000
(10,306)
1,824
(1,735)
(6,253)
419
(8,687)
Effect of exchange rate changes on cash and cash equivalents
Net decrease in cash and cash equivalents
16
(266)
464
(8,087)
Cash and cash equivalents at beginning of period
1,672
50,831
Cash and cash equivalents at end of period
1,406
42,744
Note: New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2014 exchange rate of NT $30.41 per U.S. Dollar.
All figures are prepared in accordance with TIFRSs.
Financial Table 4/4