1Q 2010 Financial Statement

UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Balance Sheet
As of March 31, 2010
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
March 31, 2010
NT$
US$
%
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
1,529
65
177
534
299
51
2,655
48,536
2,054
5,609
16,945
9,479
1,636
84,259
19.7%
0.8%
2.3%
6.9%
3.8%
0.6%
34.1%
Non-Current Assets
Funds and Investments
Property, Plant and Equipment, net
Other Assets
Total Non-Current Assets
TOTAL ASSETS
2,124
2,797
199
5,120
7,775
67,404
88,791
6,318
162,513
246,772
27.3%
36.0%
2.6%
65.9%
100.0%
LIABILITIES
Current Liabilities
Financial liabilities at fair value through profit or loss, current
Payables
Current Portion of Long-term Liabilities
Other Current Liabilities
Total Current Liabilities
55
620
406
11
1,092
1,741
19,665
12,886
368
34,660
0.7%
8.0%
5.2%
0.1%
14.0%
Non-Current Liabilities
Long-term Loans
Other Liabilities
Total Non-Current Liabilities
TOTAL LIABILITIES
25
110
135
1,227
797
3,481
4,278
38,938
0.3%
1.5%
1.8%
15.8%
4,092
1,403
1,265
129,879
44,529
40,160
52.6%
18.0%
16.3%
(212)
6,548
7,775
(6,734)
207,834
246,772
(2.7%)
84.2%
100.0%
STOCKHOLDERS' EQUITY
Capital Stock
Additional Paid-in Capital
Retained Earnings, Unrealized Gain or Loss on Financia
Instruments and Cumulative Translation Adjustmen
Treasury Stock
TOTAL STOCKHOLDERS' EQUITY
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
Note : New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2010 exchange rate of NT $31.74 per U.S. Dollar.
All figures are in ROC GAAP.
Financial Table 1/4
UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Income Statement
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Year over Year Comparison
Net Sales
Cost of Goods Sold
Net Gross Profit (Loss)
Operating Expenses
- Sales & Marketing
- General & Administrative
- Research & Development
Operating Income (Loss)
Net Non-Operating Income (Expenses)
Income (Loss) from continuing operations
before income tax
Income Tax Expense
Net Income (Loss)
Earnings (Losses) per Share
Earnings (Losses) per ADS (2)
Weighted Average Number of Shares
Outstanding (in millions)
Quarter over Quarter Comparison
Three-Month Period Ended
March 31, 2010
March 31, 2009
US$
NT$
US$
NT$
842
26,715
341
10,838
(635)
(20,156)
(478)
(15,173)
207
6,559
(137)
(4,335)
24.6%
24.6%
(40.0%)
(40.0%)
(17)
(19)
(64)
(100)
107
12.7%
(545)
(603)
(2,007)
(3,155)
3,404
12.7%
%
Chg.
146.5%
32.8%
(251.3%)
(20)
(17)
(57)
(94)
(231)
(67.5%)
(632)
(529)
(1,821)
(2,982)
(7,317)
(67.5%)
(13.8%)
14.0%
10.2%
5.8%
(146.5%)
Three-Month Period Ended
March 31, 2010
December 31, 2009
US$
NT$
US$
NT$
842
26,715
874
27,746
(635)
(20,156)
(648)
(20,567)
207
6,559
226
7,179
24.6%
24.6%
25.9%
25.9%
(17)
(19)
(64)
(100)
107
12.7%
(545)
(603)
(2,007)
(3,155)
3,404
12.7%
(21)
(20)
(67)
(108)
118
13.5%
(654)
(644)
(2,137)
(3,435)
3,744
13.5%
%
Chg.
(3.7%)
(2.0%)
(8.6%)
(16.7%)
(6.4%)
(6.1%)
(8.2%)
(9.1%)
7
197
(26)
(843)
(123.4%)
7
197
22
700
(71.9%)
114
13.5%
3,601
13.5%
(257)
(75.3%)
(8,160)
(75.3%)
(144.1%)
114
13.5%
3,601
13.5%
140
16.0%
4,444
16.0%
(19.0%)
(4)
110
13.0%
(119)
3,482
13.0%
(0)
(257)
(75.3%)
(0)
(8,160)
(75.3%)
100.0%
(142.7%)
(4)
110
13.0%
(119)
3,482
13.0%
(1)
139
15.8%
(48)
4,396
15.8%
147.9%
(20.8%)
0.009
0.044
0.28
1.40
(0.020)
(0.101)
(0.64)
(3.20)
0.009
0.044
0.28
1.40
0.011
0.055
0.35
1.75
12,638
12,767
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2010 exchange rate of NT$31.74 per U.S. Dollar.
All figures are in ROC GAAP.
(2) 1 ADS equals 5 common shares.
12,638
12,687
Financial Table 2/4
UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Income Statement
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Net Sales
Cost of Goods Sold
Net Gross Profit
Operating Expenses
- Sales & Marketing
- General & Administrative
- Research & Development
For the Three-Month Period Ended
March 31, 2010
US$
NT$
%
842
26,715
100.0%
(635)
(20,156)
(75.4%)
207
6,559
24.6%
For the Year Ended
March 31, 2010
US$
NT$
842
26,715
(635)
(20,156)
207
6,559
%
100.0%
(75.4%)
24.6%
(17)
(19)
(64)
(100)
107
(545)
(603)
(2,007)
(3,155)
3,404
(2.0%)
(2.3%)
(7.6%)
(11.9%)
12.7%
(17)
(19)
(64)
(100)
107
(545)
(603)
(2,007)
(3,155)
3,404
(2.0%)
(2.3%)
(7.6%)
(11.9%)
12.7%
Net Non-Operating Income (Expenses)
Income from continuing operations before
income tax
7
114
197
3,601
0.8%
13.5%
7
114
197
3,601
0.8%
13.5%
Income Tax Expense
Net Income
(4)
110
(119)
3,482
(0.5%)
13.0%
(4)
110
(119)
3,482
(0.5%)
13.0%
Operating Income
Earnings per Share
Earnings per ADS (2)
Weighted Average Number of Shares
Outstanding (in millions)
0.009
0.044
0.28
1.40
12,638
0.009
0.044
0.28
1.40
12,638
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2010 exchange rate of NT $31.74 per U.S. Dollar.
All figures are in ROC GAAP.
(2) 1 ADS equals 5 common shares.
Financial Table 3/4
UNITED MICROELECTRONICS CORPORATION
Unaudited Condensed Unconsolidated Statement of Cash Flows
For The Year Ended March 31, 2010
Figures in Million of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
USD
Cash flows from operating activities :
Net Income
Depreciation & Amortization
Gain on recovery in market value and obsolescence of inventories
Cash dividends received under the equity method
Investment loss accounted for under the equity method
Gain on valuation of financial assets and liabilities
Gain on disposal of investments
Gain on disposal of property, plant and equipment
Exchange gain on financial assets and liabilities
Exchange gain on long-term liabilities
Amortization of bond discounts
Amortization of deferred income
Compensation cost of Share-Based payment
Changes in assets, liabilities and others
Net cash provided by operating activities
NTD
110
255
(4)
2
4
(8)
(2)
(0)
0
(1)
2
(2)
5
17
378
3,482
8,081
(117)
49
136
(263)
(77)
(5)
8
(40)
56
(50)
154
594
12,008
Cash flows from investing activities :
Proceeds from disposal of available-for-sales financial assets
Acquisition of long-term investments accounted for under the equity method
Proceeds from liquidation of long-term investments
Acquisition of property, plant and equipment
Proceeds from disposal of property, plant and equipment
Increase in deferred charges
Increase in other assets - others
Net cash used in investing activities
4
(47)
0
(315)
0
(6)
(0)
(364)
116
(1,500)
10
(10,000)
10
(187)
(4)
(11,555)
Cash flows from financing activities :
Proceeds from long-term Loans
Exercise of employee stock options
Purchase of treasury stock
Disposal of treasury stock
Increase in deposits-in
Net cash used in financing activities
3
0
(153)
0
0
(150)
100
3
(4,844)
7
2
(4,732)
Effect of exchange rate changes on cash and cash equivalents
Net increase in cash and cash equivalents
2
(134)
23
(4,256)
Cash and cash equivalents at beginning of period
1,663
52,792
Cash and cash equivalents at end of period
1,529
48,536
Note: New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2010 exchange rate of NT $31.74 per U.S. Dollar.
All figures are in ROC GAAP.
Financial Table 4/4