2011

Axiomtek Co., Ltd.
Balance Sheets
December 31, 2011 & 2010
Expressed in Thousands of TWD
2011
Amount
Assets
Current assets
1100 Cash & cash equivalents
$
1310 Assigned financial assets at fair value via profit or loss-Current
1120 Notes receivable-Net
1140 Accounts receivable-Net
1150 Accounts receivable for related party-Net
1160 Others receivable
1180 Others receivable-related party
120X Inventory
1260 Prepayment
1286 Deferred income tax assets-Current
1298 Others current assets
11XX
Total current assets
Fund and investment
1480 Financial assets carried at cost
1421 Investments under the equity methods
14XX
Total fund and investment
Fixed assets
Costs
1501 Land
1521 Buildings
1531 Machinery & Equipment
1537 Modeling equipment
1545 Testing equipment
1561 Fixture and furniture
1631 Decoration & improvements
1681 Others equipment
15XY Total costs & re-evaluation increase
15X9 Less：Accumulated depreciation
1670 Construction in process and prepayment for equipment
15XX
Net fixed assets-Net
Intangible assets
1710 Trademarks
1750 Software
1760 Goodwill
17XX
Total intangible assets
Other assets
1820 Refundable deposit
18XX
Total other assets
1XXX
Total assets
$
2010
Amount
%
146,806
19,014
37,515
81,519
135,749
1,152
64
233,823
27,368
10,859
693,869
10
1
3
5
9
15
2
1
46
923
586,984
587,907
39
39
$
%
Liability
131,341
40,028
6,379
86,178
126,610
10,142
64
266,502
13,675
22,539
110
703,568
8
3
17
1
1
45
923
604,986
605,909
39
39
6
8
1
2120
2140
2150
2160
2170
2260
2280
21XX
2810
2860
2880
28XX
2XXX
3110
112,222
68,836
112,549
38,733
26,584
42,461
21,605
2,495
425,485
(212,609)
574
213,450
7
5
7
3
2
3
1
28
(14)
14
63
1,701
5,898
7,662
6,700
6,700
1,509,588
1
1
100
112,222
66,771
111,510
37,841
23,831
44,939
20,722
2,918
420,754
(196,332)
224,422
7
4
7
3
2
3
1
27
(12)
15
104
2,987
5,898
8,989
-
4,677
4,677
-
$ 1,547,565
2011
Amount
3211
3220
3240
3270
3310
3350
3420
3480
3XXX
Current liability
Notes payable
$
Accounts payable
Accounts payable for related party
Income tax payable
Accrued expense
Unearned receipts
Other current liability
Total current liability
Other liability
Accrued pension liability
Deferred income tax liability-Non current
Deferred credit-affiliated company
Total other liability
Total liability
Stockholders' equity
Capital Stock
Common stock
Additional paid-in capital
Additional paid-in capital -Common stock
Additional paid-in capital -Treasury stock
Additional paid-in capital -Disposal assets
Additional paid-in capital from stock option exercised by employee
Retained earnings
Legal reserve
Retained earnings- unappropriated
Equity other adjustment
Cumulative translation adjustment
Treasury stock
Total stockholders equity
Major commitment & contingent item
19
125,317
13,836
7,743
101,022
7,325
2,621
257,883
5,805
30,930
23,000
59,735
317,618
773,430
130,699
2
8,277
198,769
118,822
(20,418)
(17,611)
1,191,970
2010
Amount
%
-
$
8
1
1
7
17
-
801
128,518
13,996
11,322
98,765
7,718
4,086
265,206
6,192
19,678
25,000
50,870
316,076
2
2
4
21
51
9
-
788,320
13
8
(1)
(1)
79
179,002
226,838
133,214
6,395
2
1,183
(35,679)
(67,786)
1,231,489
%
8
1
1
6
1
17
1
2
3
20
51
9
11
15
(2)
(4)
80
1
1
100
1XXX
Total Liability & Equity
$
1,509,588
100
$
1,547,565
100
Axiomtek Co., Ltd.
Income Statement
For the Years Ended December 31, 2011 & 2010
Expressed in Thousands of TWD (except for EPS)
2011
2010
Amount
4110
4170
4190
4100
4800
4000
5110
5910
5920
5930
6100
6200
6300
6000
6900
7110
7121
7130
7140
7160
7310
7480
7100
7510
7530
7630
7880
7500
7900
8110
9600
Revenue
Sales
Sales return
Sales discount
Net Sales
Other operating income
Revenue
Cost of goods sold
Gross margin
Unrealized gain-affiliated company
Realized gain-affiliated company
Net gross margin
Operation expense
Sales expense
G&A expense
R&D expense
Total operation expense
Operating income
Non-operating income and gain
Interest Income
Investment income recognized under equity method
Gain on disposal of fixed assets
Gain on disposal of investment
Exchange gain
Gain on valuation of financial assets
Other Income
Total non-operating income and gain
Non-operating expense and loss
Interest expense
Loss on disposal of fixed assets
Impairment Loss
Other loss
Total non-operating expense and loss
Earnings before tax
Income Tax expenses
Net income
%
Amount
%
$ 1,657,356
(3,729)
(5,414)
1,648,213
10,005
1,658,218
(1,220,922)
437,296
(23,000)
25,000
439,296
100
(1)
99
1
100
(74)
26
(1)
2
27
$ 1,751,906
(2,579)
(6,790)
1,742,537
8,798
1,751,335
(1,277,135)
474,200
(25,000)
18,000
467,200
100
(1)
99
1
100
(73)
27
(2)
1
26
(57,847)
(54,720)
(195,867)
(308,434)
130,862
(4)
(3)
(12)
(19)
8
(94,326)
(65,381)
(159,107)
(318,814)
148,386
(5)
(4)
(9)
(18)
8
219
41,045
57
429
8,883
-
6,650
123,181
11
(2)
9
(101)
(23,505)
(50,777)
220,790
(23,121)
197,669
-
(2,045)
(2,722)
183,116
(39,492)
143,624
Before tax
3
-
2,448
54,976
$
1
108
113,463
23
1,042
-
2
After tax
$
Before tax
7
7
(1)
(3)
12
(1)
11
After tax
Basic earning per share
Net income
$
2.37
$
1.86
$
2.85
$
2.56
Diluted earning per share
Net income
$
2.34
$
1.84
$
2.81
$
2.52
Axiomtek Co., Ltd.
Statements of Change in Shareholders' Equity
For The Years Ended December 31, 2011 and 2010
Expressed in Thousands of TWD
Capital StockCommon
Stock
APIC In Excess
of par valueCommon Stock
$
$
Additional Paid-in Capital
APIC In
APIC from
APIC from
Excess of par
Gain on
investee
valueDisposal of
under Equity
Treasury
Property
Method
APIC from
stock option
exercised by
employees
$
$
Retained Earnings
Legal
Reserve
Unappropriate
d Earnings
Cumulative
Translation
Adjustments
Treasury Stock
$
$
($
Total
Year 2010
Balance, January 1, 2010
788,320
133,214
6,395
$
2
$
47
-
$ 167,322
141,926
7,440
67,786 )
$ 1,176,880
Appropriations and distributions of 2009：
-
-
-
-
-
-
(11,680)
-
-
Cash dividends
Legal reserve
-
-
-
-
-
-
-
(100,546)
-
-
(100,546)
Net income for 2010
-
-
-
-
-
-
-
197,669
-
-
197,669
Recognized changes in equity- Investment ownership percentage change
-
-
-
-
-
-
(531)
-
-
(578)
Cumulative translation adjustments
-
-
-
-
-
-
-
-
(43,119)
Compensation cost of employee stock options
Balance, December 31, 2010
-
-
(47)
-
-
-
1,183
11,680
-
(43,119)
-
-
-
-
1,183
$
788,320
$
133,214
$
6,395
$
2
$
-
$
1,183
$ 179,002
$
226,838
($
35,679 )
($
67,786 )
$ 1,231,489
$
788,320
$
133,214
$
6,395
$
2
$
-
$
1,183
$ 179,002
$
226,838
($
35,679 )
($
67,786 )
$ 1,231,489
Year 2011
Balance, January 1, 2011
Appropriations and distributions of 2010：
-
-
-
-
-
-
Cash dividends
Legal reserve
-
-
-
-
-
-
Net income for 2011
-
-
-
-
-
Recognized changes in equity- Investment ownership percentage change
-
-
-
-
-
Cumulative translation adjustments
-
-
-
-
Write off treasury stock
(14,890)
Purchase of treasury stock
(2,515)
-
-
Compensation cost of employee stock options
Balance, December 31, 2011
(6,395)
-
$
773,430
$
130,699
$
(19,767)
-
-
-
(170,154)
-
-
(170,154)
-
-
143,624
-
-
143,624
-
-
(17,733)
-
-
(17,733)
-
-
-
-
15,261
-
-
-
-
-
-
-
-
-
$
2
$
7,094
-
$
8,277
19,767
(43,986)
-
$ 198,769
15,261
$
118,822
-
67,786
-
(17,611)
($
20,418 )
($
17,611 )
-
(17,611)
7,094
$ 1,191,970
Axiomtek Co., Ltd.
Statement of Cash Flow
For the Years Ended December 31, 2011 & 2010
Expressed in Thousands of TWD
2011
Cash flow from operating activity
Net income
Adjustment
Provision of allowance for doubtful accounts
Depreciation
Amortization
Provision of inventory valuation
Loss on valuation of financial assets
Investment income recognized under equity method
Cahn dividend collected from investment under equity method
Gain on disposal of fixed assets
Impairment Loss
Compensation cost of employee stock options
Changes on assets and liabilities
Assigned financial assets at fair value via profit or loss
Notes receivable
Accounts receivable(Include related party)
Other receivable(Include related party)
Inventory
Prepayment
Deferred income tax
Other current assets
Notes payable
Accounts payable(Include related party)
Income tax payable
Accrued expense
Unearned receipts
Other current liability
Accrued pension liability
Deferred charge-affiliated
Total cash flow in from operating activity
Cash flow from investing activity
Refund from Liquidated Investment
Proceeds from sales of investment
Acquisition of properties
Proceeds from sales of properties
Decrease from refundable deposit
Acquisition of Subsidiary Investment
Total cash flow out from investing activity
Earning Distribution for Directors and Employee
Stock Option Exercise
Proceeds from Sold of Treasury Stock
Total cash flow out from financing activity
Cash and cash equivalent in
Beginning balance of cash and cash equivalent
Ending balance of cash and cash equivalent
Supplementary disclosure for cash flow information
Payment for interest expenses
Partial cash out flow investment activity
Acquisition of properties
Less：Ending balance of payable on equipment (Under other current liabilities)
Add：Beginning balance of payable on equipment (Under other current liabilities)
Cash payment current period
$
$
2010
143,624
$
778
27,389
1,737
11,095
9
(41,045)
54,311
(57)
7,094
(1,800)
31,380
70
9,283
(434)
(113,463)
36,109
(23)
1,183
21,442
(31,137)
(5,258)
10,578
21,584
(13,693)
22,932
112
(782)
(3,361)
(3,579)
2,257
(393)
65
(387)
(2,000)
223,554
31,926
8,797
(3,989)
8,196
(74,432)
(5,478)
11,086
1,143
679
28,468
14,034
15,330
(2,558)
(1,346)
(1,164)
7,000
197,058
(18,102)
211
(2,023)
(20,324)
-
41
(15,579)
38
209
(25,263)
-
(187,765)
(100,546)
15,465
131,341
146,806
$
71,249
60,092
131,341
101
$
-
$
$
16,571
(1,542)
3,073
18,102
$
$
197,669
$
17,133
(3,073)
1,519
15,579