Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year of 2016
TAIPEI, Taiwan, Jan. 26, 2017 /PRNewswire/ -- Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("We", "ASE", or the "Company"), among the leading providers of packaging and testing services, today reported unaudited net revenues1 of NT$77,128 million for the fourth quarter of 2016 (4Q16), up by 2% year-over-year and up by 6% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$7,976 million, up from a net income attributable to shareholders of the parent of NT$4,708 million in 4Q15 and up from a net income attributable to shareholders of the parent of NT$5,506 million in 3Q16. Basic earnings per share for the quarter were NT$1.04 (or US$0.164 per ADS), compared to basic earnings per share of NT$0.62 (or US$0.095 per ADS) for 4Q15 and NT$0.72 (or US$0.113 per ADS) for 3Q16. Diluted earnings per share for the quarter were NT$0.86 (or US$0.136 per ADS), compared to diluted earnings per share of NT$0.60 for 4Q15 and NT$0.64 for 3Q16.
For the full year of 2016, the Company reported net revenues of NT$274,884 million and net income attributable to shareholders of the parent of NT$21,692 million. Basic earnings per share for the full year of 2016 were NT$2.83 (or US$0.439 per ADS). Diluted earnings per share for the full year of 2016 were NT$2.35 (or US$0.364 per ADS).
RESULTS OF OPERATIONS
4Q16 Results Highlights -- Consolidated
- Net revenue contribution from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately 44%, 9%, 45%, 1% and 1%, respectively, of total net revenues for the quarter.
- Cost of revenue was NT$61,751 million for the quarter, up from NT$58,671 million in 3Q16.
- Raw material cost totaled NT$36,501 million for the quarter, representing 47% of total net revenues.
- Labor cost totaled NT$9,324 million for the quarter, representing 12% of total net revenues.
- Depreciation, amortization and rental expenses totaled NT$7,015 million for the quarter.
- Gross margin increased 0.5 percentage points to 19.9% in 4Q16 from 19.4% in 3Q16.
- Operating margin was 10.5% in 4Q16 compared to 10.2% in 3Q16.
- In terms of non-operating items:
- Net interest expense was NT$451 million.
- Net foreign exchange loss of NT$308 million was primarily attributable to the appreciation of the U.S. dollar against the NT dollar.
- Gain on valuation of financial assets and liabilities was NT$2,167 million.
- Net gain on equity-method investments was NT$216 million, including NT$368 million of the share of profit from our investment in Siliconware Precision Industries Co., Ltd.
- Other net non-operating expenses of NT$73 million were primarily related to miscellaneous expenses. Total non-operating income for the quarter was NT$1,551 million.
- Income before tax was NT$9,680 million for 4Q16, compared to NT$6,875 million in 3Q16. We recorded income tax expenses of NT$1,274 million for the quarter, compared to NT$976 million in 3Q16.
- In 4Q16, net income attributable to shareholders of the parent was NT$7,976 million, compared to net income attributable to shareholders of the parent of NT$4,708 million in 4Q15 and net income attributable to shareholders of the parent of NT$5,506 million in 3Q16.
- Our total number of shares outstanding at the end of the quarter was 7,944,875,346, including treasury stock owned by our subsidiaries. Our 4Q16 basic earnings per share of NT$1.04 (or US$0.164 per ADS) were based on 7,675,982,652 weighted average number of shares outstanding in 4Q16. Our 4Q16 diluted earnings per share of NT$0.86 (or US$0.136 per ADS) were based on 8,255,714,437 weighted average number of shares outstanding in 4Q16.
4Q16 Results Highlights -- IC ATM2
- Cost of revenues was NT$31,816 million for the quarter, down by 0.7% sequentially.
- Raw material cost totaled NT$9,906 million for the quarter, representing 23% of total net revenues.
- Labor cost totaled NT$8,103 million for the quarter, representing 19% of total net revenues.
- Depreciation, amortization and rental expenses totaled NT$6,455 million for the quarter.
- Gross margin increased 1.3 percentage points to 26.8% in 4Q16 from 25.5% in 3Q16.
- Operating margin was 14.7% in 4Q16 compared to 14.4% in 3Q16.
4Q16 Results Highlights -- EMS
- Cost of revenues for the quarter was NT$31,038 million, up by 11% sequentially.
- Raw material cost totaled NT$26,687 million for the quarter, representing 77% of total net revenues.
- Labor cost totaled NT$1,220 million for the quarter, representing 4% of total net revenues.
- Depreciation, amortization and rental expenses totaled NT$593 million for the quarter.
- Gross margin increased to 10.4% in 4Q16 from 10.0% in 3Q16.
- Operating margin increased to 4.8% in 4Q16 from 3.9% in 3Q16.
2016 Full-Year Results Highlights -- Consolidated
- Net revenues for the full year of 2016 amounted to NT$274,884 million, down by 3% from 2015. The revenue contribution from packaging operations, testing operations, EMS operations, substrates sold to third parties and others represented approximately 46%, 10%, 42%, 1% and 1%, respectively, of total net revenues for the year.
- Cost of revenue for the year of 2016 was NT$221,690 million, compared with NT$233,167 million in 2015.
- Raw material cost totaled NT$125,134 million for the year, representing 46% of total net revenues.
- Labor cost totaled NT$35,589 million for the year, representing 13% of total net revenues.
- Depreciation, amortization and rental expenses totaled NT$28,118 million for the year.
- Gross margin increased 1.7 percentage points to 19.4% in 2016 from 17.7% in 2015.
- Operating margin increased to 9.7% in 2016 from 8.8% in 2015.
- Total non-operating income for the year was NT$1,348 million, compared to total non-operating income of NT$122 million for 2015.
- Income before tax was NT$28,052 million for 2016. We recognized an income tax expense of NT$5,091 million for the year.
- In 2016, net income attributable to shareholders of the parent amounted to NT$21,692 million, compared with a net income attributable to shareholders of the parent of NT$19,197 million in 2015.
- Our total number of shares outstanding at the end of the year was 7,944,875,346, including treasury stock owned by our subsidiaries. Our 2016 basic earnings per share of NT$2.83 (or US$0.439 per ADS) were based on 7,662,869,845 weighted average number of shares outstanding in 2016. Our 2016 diluted earnings per share of NT$2.35 (or US$0.364 per ADS) were based on 8,284,186,758 weighted average number of shares outstanding in 2016.
2016 Full-Year Results Highlights -- IC ATM
- Cost of revenues for the full year of 2016 was NT$120,507 million, compared with NT$114,416 million in 2015.
- Raw material cost totaled NT$36,472 million for the year, representing 23% of total net revenues.
- Labor cost totaled NT$30,804 million for the year, representing 19% of total net revenues.
- Depreciation, amortization and rental expenses totaled NT$25,729 million for the year.
- Gross margin decreased to 24.9% in 2016 from 26.0% in 2015.
- Operating margin decreased to 12.9% in 2016 from 14.0% in 2015.
2016 Full-Year Results Highlights -- EMS
- Cost of revenues was NT$104,211 million, down by 19% from 2015.
- Raw material cost totaled NT$88,971 million for the year, representing 77% of total net revenues.
- Labor cost totaled NT$4,782 million for the year, representing 4% of total net revenues.
- Depreciation, amortization and rental expenses totaled NT$2,532 million for the year.
- Gross margin increased to 9.8% in 2016 from 7.5% in 2015.
- Operating margin increased to 3.5% in 2016 from 2.6% in 2015.
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 4Q16 totaled US$127 million, of which US$87 million were used in packaging operations, US$30 million in testing operations, US$6 million in EMS operations and US$4 million in interconnect materials operations.
- For the full year of 2016, we spent US$683 million for capital expenditures, including US$397 million in packaging operations, US$241 million in testing operations, US$22 million in EMS operations and US$23 million in interconnect materials operations.
- As of December 31, 2016, total unused credit lines amounted to NT$176,185 million.
- Current ratio was 1.37 and net debt to equity ratio was 0.41 as of December 31, 2016.
- Total number of employees was 66,711 as of December 31, 2016, compared to 68,141 as of September 30, 2016.
BUSINESS REVIEW
Packaging Operations3
- Gross margin for our packaging operations during the quarter was 24.1%, up by 1.9 percentage points from 3Q16.
- Capital expenditures for our packaging operations amounted to US$87 million for the quarter, of which US$49 million were used in purchases of wafer bumping and flip chip packaging equipment, US$34 million were used in purchase common equipment including SiP equipment purchases, and US$4 million were used in wirebond packaging specific purposes.
Testing Operations
- Depreciation, amortization and rental expense associated with our testing operations amounted to NT$1,806 million during the quarter, up from NT$1,739 million in 3Q16.
- In 4Q16, gross margin for our testing operations was 38.4%, down by 0.5 percentage points from 3Q16.
- Capital expenditures for our testing operations amounted to US$30 million during the quarter.
EMS Operations
- In 4Q16, gross margin for our EMS operations was 10.4%, up by 0.4 percentage points from 3Q16.
- Capital expenditures for our EMS operations amounted to US$6 million during the quarter.
Substrate Operations
- PBGA substrate manufactured by ASE amounted to NT$2,171 million for the quarter, down by NT$173 million, or by 7% from 3Q16. Of the total output of NT$2,171 million, NT$806 million was from sales to external customers.
- Gross margin for substrate operations was 13.8% for the quarter, down by 1 percentage points from 3Q16.
- In 4Q16, our internal substrate manufacturing operations supplied 26% (by value) of our total substrate requirements.
Customers
IC ATM consolidated Basis
- Our five largest customers together accounted for approximately 33% of our total net revenues in 4Q16, compared to 34% in 3Q16. One customer accounted for more than 10% of our total net revenues in 4Q16.
- Our top 10 customers contributed 50% of our total net revenues for the quarter, which remained the same as 3Q16.
- Our customers that are integrated device manufacturers or IDMs accounted for 35% of our total net revenues for the quarter, compared to 36% in 3Q16.
EMS Basis
- Our five largest customers together accounted for approximately 83% of our total net revenues in 4Q16, compared to 80% in 3Q16. One customer accounted for more than 10% of our total net revenues in 4Q16.
- Our top 10 customers contributed 91% of our total net revenues during the quarter, compared to 90% in 3Q16.
ASE-SPIL TRANSACTION UPDATE
- ASE and SPIL submitted the required materials to the Taiwan Fair Trade Commission (the "TFTC") on July 29, 2016 and the TFTC issued a no objection letter in respect of the transaction.
- ASE and SPIL submitted the required materials to the Ministry of Commerce of the People's Republic of China ("MOFCOM") on August 25, 2016. MOFCOM formally accepted the parties' notification materials on December 14, 2016, starting Phase I of the review process. On January 16, 2017, ASE received MOFCOM's notice extending its review to Phase II review.
- On January 17, 2017, ASE and SPIL each certified that it has complied with the U.S. Federal Trade Commission's ("FTC") requests for information. The parties are continuing to cooperate with the FTC's investigation, and are working toward a goal of successfully completing the investigation as soon as possible.
OUTLOOK
Based on our current business outlook and exchange rate assumptions, management projects overall performance for the first quarter of 2017 to be as follows:
- IC ATM 1Q/2017 business should get close to 2Q/2016 levels;
- IC ATM 1Q/2017 gross margin should be similar to 1H/2016 levels;
- EMS 1Q/2017 business and gross margin should be similar to the quarterly averages of 2016.
About ASE, Inc.
ASE, Inc. is among the leading providers of packaging services and testing services, including front-end engineering testing, wafer probing and final testing services. With advanced technological capabilities and a global presence spanning Taiwan, China, Korea, Japan, Singapore, Malaysia and the United States, ASE, Inc. has established a reputation for reliable, high quality products and services. For more information, please visit our website at http://www.aseglobal.com.
Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, including statements regarding our future results of operations and business prospects. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. Our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the uncertainties as to whether we can complete the acquisition of 100% of Siliconware Precision Industries Co., Ltd. shares not otherwise owned by ASE; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent global economic crisis; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2015 Annual Report on Form 20-F filed on April 29, 2016.
Supplemental Financial Information
IC ATM Consolidated Operations
| Amounts in NT$ Millions |
4Q/16 |
3Q/16 |
4Q/15 |
| Net Revenues |
43,463 |
43,006 |
38,406 |
| Revenues by Application |
|||
| Communication |
53% |
53% |
55% |
| Computer |
10% |
12% |
12% |
| Automotive, Consumer & Others |
37% |
35% |
33% |
Packaging Operations
| Amounts in NT$ Millions |
4Q/16 |
3Q/16 |
4Q/15 |
| Net Revenues |
35,242 |
34,832 |
31,121 |
| Revenues by Packaging Type |
|||
| Bumping, Flip Chip, WLP |
32% |
33% |
33% |
| IC Wirebonding |
57% |
57% |
58% |
| Discrete and Others |
11% |
10% |
9% |
| Capacity |
|||
| CapEx (US$ Millions)* |
87 |
112 |
64 |
| Number of Wirebonders |
15,897 |
15,905 |
15,568 |
Testing Operations
| Amounts in NT$ Millions |
4Q/16 |
3Q/16 |
4Q/15 |
| Net Revenues |
7,303 |
7,232 |
6,356 |
| Revenues by Testing Type |
|||
| Final test |
77% |
75% |
77% |
| Wafer sort |
20% |
21% |
19% |
| Engineering test |
3% |
4% |
4% |
| Capacity |
|||
| CapEx (US$ Millions)* |
30 |
57 |
18 |
| Number of Testers |
3,739 |
3,725 |
3,435 |
EMS Operations
* Capital expenditure excludes building construction costs.
| Amounts in NT$ Millions |
4Q/16 |
3Q/16 |
4Q/15 |
| Net Revenues |
34,634 |
31,190 |
39,347 |
| Revenues by End Application |
|||
| Communication |
53% |
51% |
64% |
| Computer |
14% |
16% |
15% |
| Consumer |
20% |
20% |
11% |
| Industrial |
7% |
7% |
5% |
| Automotive |
5% |
5% |
4% |
| Others |
1% |
1% |
1% |
| Capacity |
|||
| CapEx (US$ Millions)* |
6 |
10 |
5 |
| Advanced Semiconductor Engineering, Inc. |
||||||||||
| Summary of Consolidated Statement of Comprehensive Income Data |
||||||||||
| (In NT$ millions, except per share data) |
||||||||||
| (Unaudited) |
||||||||||
| For the three months ended |
For the year ended |
|||||||||
| Dec. 31 2016 |
Sep. 30 2016 |
Dec. 31 2015 |
Dec. 31 2016 |
Dec. 31 2015 |
||||||
| Net revenues: |
||||||||||
| Packaging |
33,620 |
33,449 |
29,093 |
125,283 |
116,607 |
|||||
| Testing |
7,303 |
7,231 |
6,355 |
27,032 |
25,192 |
|||||
| Direct Material |
806 |
805 |
798 |
3,262 |
3,260 |
|||||
| EMS |
34,627 |
31,174 |
39,301 |
115,395 |
138,242 |
|||||
| Others |
772 |
125 |
1 |
3,912 |
1 |
|||||
| Total net revenues |
77,128 |
72,784 |
75,548 |
274,884 |
283,302 |
|||||
| Cost of revenues |
(61,751) |
(58,671) |
(62,279) |
(221,690) |
(233,167) |
|||||
| Gross profit |
15,377 |
14,113 |
13,269 |
53,194 |
50,135 |
|||||
| Operating expenses: |
||||||||||
| Research and development |
(3,091) |
(2,947) |
(2,814) |
(11,391) |
(10,938) |
|||||
| Selling, general and administrative |
(4,157) |
(3,728) |
(3,654) |
(15,099) |
(14,313) |
|||||
| Total operating expenses |
(7,248) |
(6,675) |
(6,468) |
(26,490) |
(25,251) |
|||||
| Operating income |
8,129 |
7,438 |
6,801 |
26,704 |
24,884 |
|||||
| Net non-operating (expenses) income: |
||||||||||
| Interest expense - net |
(451) |
(478) |
(538) |
(1,987) |
(2,027) |
|||||
| Foreign exchange gain (loss) |
(308) |
1,593 |
428 |
1,928 |
(713) |
|||||
| Gain (loss) on valuation of financial assets and liabilities |
2,167 |
(1,998) |
(722) |
667 |
2,462 |
|||||
| Gain (loss) on equity-method investments4 |
216 |
457 |
142 |
1,317 |
121 |
|||||
| Others |
(73) |
(137) |
179 |
(577) |
279 |
|||||
| Total non-operating income (expenses) |
1,551 |
(563) |
(511) |
1,348 |
122 |
|||||
| Income before tax |
9,680 |
6,875 |
6,290 |
28,052 |
25,006 |
|||||
| Income tax expense |
(1,274) |
(976) |
(1,259) |
(5,091) |
(4,839) |
|||||
| Income from continuing operations and |
8,406 |
5,899 |
5,030 |
22,961 |
20,167 |
|||||
| Noncontrolling interest |
(430) |
(393) |
(322) |
(1,269) |
(970) |
|||||
| Net income attributable to |
7,976 |
5,506 |
4,708 |
21,692 |
19,197 |
|||||
| Per share data: |
||||||||||
| Earnings (losses) per share |
||||||||||
| -- Basic |
NT$1.04 |
NT$0.72 |
NT$0.62 |
NT$2.83 |
NT$2.51 |
|||||
| -- Diluted |
NT$0.86 |
NT$0.64 |
NT$0.60 |
NT$2.35 |
NT$2.41 |
|||||
| Earnings (losses) per equivalent ADS |
||||||||||
| -- Basic |
US$0.164 |
US$0.113 |
US$0.095 |
US$0.439 |
US$0.396 |
|||||
| -- Diluted |
US$0.136 |
US$0.101 |
US$0.092 |
US$0.364 |
US$0.381 |
|||||
| Number of weighted average shares used in |
8,255,714 |
8,252,369 |
7,840,049 |
8,284,187 |
8,250,064 |
|||||
| Exchange rate (NT$ per US$1) |
31.62 |
31.78 |
32.55 |
32.22 |
31.65 |
|||||
| Advanced Semiconductor Engineering, Inc. |
||||||||||
| Summary of Consolidated Statement of Comprehensive Income Data -- IC ATM |
||||||||||
| (In NT$ millions, except per share data) |
||||||||||
| (Unaudited) |
||||||||||
| For the three months ended |
For the year ended |
|||||||||
| Dec. 31 2016 |
Sep. 30 2016 |
Dec. 31 2015 |
Dec. 31 2016 |
Dec. 31 2015 |
||||||
| Net revenues: |
||||||||||
| Packaging |
35,242 |
34,832 |
31,121 |
129,851 |
125,714 |
|||||
| Testing |
7,303 |
7,232 |
6,356 |
27,032 |
25,192 |
|||||
| Direct Material |
898 |
920 |
910 |
3,550 |
3,564 |
|||||
| Others |
20 |
22 |
19 |
83 |
74 |
|||||
| Total net revenues |
43,463 |
43,006 |
38,406 |
160,516 |
154,544 |
|||||
| Cost of revenues |
(31,816) |
(32,037) |
(28,428) |
(120,507) |
(114,416) |
|||||
| Gross profit |
11,647 |
10,969 |
9,978 |
40,009 |
40,128 |
|||||
| Operating expenses: |
||||||||||
| Research and development |
(2,270) |
(2,130) |
(2,082) |
(8,343) |
(8,085) |
|||||
| Selling, general and administrative |
(3,005) |
(2,646) |
(2,583) |
(10,922) |
(10,439) |
|||||
| Total operating expenses |
(5,275) |
(4,776) |
(4,665) |
(19,265) |
(18,524) |
|||||
| Operating income |
6,372 |
6,193 |
5,313 |
20,744 |
21,604 |
|||||
| Net non-operating (expenses) income: |
||||||||||
| Interest expense - net |
(499) |
(526) |
(584) |
(2,204) |
(2,143) |
|||||
| Foreign exchange gain (loss) |
(432) |
1,504 |
364 |
1,600 |
(311) |
|||||
| Gain (loss) on valuation of financial assets and liabilities |
2,108 |
(1,987) |
(622) |
687 |
2,166 |
|||||
| Gain (loss) on equity-method investments4 |
1,405 |
1,287 |
1,051 |
4,985 |
2,443 |
|||||
| Others |
104 |
(152) |
336 |
(320) |
(9) |
|||||
| Total non-operating income (expenses) |
2,686 |
126 |
545 |
4,748 |
2,146 |
|||||
| Income before tax |
9,058 |
6,319 |
5,858 |
25,492 |
23,750 |
|||||
| Income tax expense |
(967) |
(719) |
(1,099) |
(3,481) |
(4,361) |
|||||
| Income from continuing operations and |
8,091 |
5,600 |
4,759 |
22,011 |
19,389 |
|||||
| Noncontrolling interest |
(115) |
(94) |
(51) |
(319) |
(192) |
|||||
| Net income attributable to |
7,976 |
5,506 |
4,708 |
21,692 |
19,197 |
|||||
| Advanced Semiconductor Engineering, Inc. |
||||||||||
| Summary of Consolidated Statement of Comprehensive Income Data -- EMS |
||||||||||
| (In NT$ millions, except per share data) |
||||||||||
| (Unaudited) |
||||||||||
| For the three months ended |
For the year ended |
|||||||||
| Dec. 31 2016 |
Sep. 30 2016 |
Dec. 31 2015 |
Dec. 31 2016 |
Dec. 31 2015 |
||||||
| Net revenues: |
||||||||||
| Total net revenues |
34,634 |
31,190 |
39,347 |
115,498 |
138,428 |
|||||
| Cost of revenues |
(31,038) |
(28,066) |
(36,473) |
(104,211) |
(128,098) |
|||||
| Gross profit |
3,596 |
3,124 |
2,874 |
11,287 |
10,330 |
|||||
| Operating expenses: |
||||||||||
| Research and development |
(840) |
(841) |
(760) |
(3,133) |
(2,950) |
|||||
| Selling, general and administrative |
(1,099) |
(1,053) |
(1,038) |
(4,068) |
(3,774) |
|||||
| Total operating expenses |
(1,939) |
(1,894) |
(1,798) |
(7,201) |
(6,724) |
|||||
| Operating income |
1,657 |
1,230 |
1,076 |
4,086 |
3,606 |
|||||
| Net non-operating (expenses) income: |
||||||||||
| Total non-operating income |
114 |
224 |
(64) |
606 |
17 |
|||||
| Income before tax |
1,771 |
1,454 |
1,012 |
4,692 |
3,623 |
|||||
| Income tax expense |
(509) |
(249) |
(170) |
(1,044) |
(510) |
|||||
| Income from continuing operations and |
1,262 |
1,205 |
842 |
3,648 |
3,113 |
|||||
| Noncontrolling interest |
(305) |
(289) |
(269) |
(906) |
(781) |
|||||
| Net income attributable to shareholders of the parent |
957 |
916 |
573 |
2,742 |
2,332 |
|||||
| Advanced Semiconductor Engineering, Inc. |
||||||||||
| Summary of Consolidated Balance Sheet Data |
||||||||||
| (In NT$ millions) |
||||||||||
| (Unaudited) |
||||||||||
| As of Dec. 31, 2016 |
As of Sep. 30, 2016 |
|||||||||
| Current assets: |
||||||||||
| Cash and cash equivalents |
38,392 |
37,661 |
||||||||
| Financial assets -- current |
3,895 |
1,931 |
||||||||
| Notes and accounts receivable |
51,145 |
52,010 |
||||||||
| Inventories |
45,626 |
47,777 |
||||||||
| Others |
3,731 |
3,990 |
||||||||
|
|
142,789
|
143,369
|
||||||||
| Financial assets – non current & Investments -- equity method4 |
52,174 |
51,975 |
||||||||
| Property plant and equipment |
143,880 |
145,209 |
||||||||
| Intangible assets |
12,120 |
12,217 |
||||||||
| Prepaid lease payments |
2,237 |
2,382 |
||||||||
| Others |
4,743 |
5,476 |
||||||||
| Total assets |
357,943 |
360,628 |
||||||||
| Current liabilities: |
||||||||||
| Short-term borrowings |
20,955 |
33,007 |
||||||||
| Current portion of bonds payable |
9,658 |
9,385 |
||||||||
| Current portion of long-term borrowings & capital lease obligations |
6,683 |
6,384 |
||||||||
| Notes and accounts payable |
35,804 |
37,856 |
||||||||
| Others |
31,153 |
31,765 |
||||||||
| Total current liabilities |
104,253
|
118,397
|
||||||||
| Bonds payable |
27,342 |
26,872 |
||||||||
| Long-term borrowings & capital lease obligations |
47,013 |
44,255 |
||||||||
| Other liabilities |
9,765 |
9,886 |
||||||||
| Total liabilities |
188,373
|
199,410
|
||||||||
| Shareholders of the parent |
157,578 |
150,159 |
||||||||
| Noncontrolling interest |
11,992
|
11,059
|
||||||||
| Total liabilities & shareholders' equity |
357,943 |
360,628 |
||||||||
| Current Ratio |
1.37
|
1.21
|
||||||||
| Net Debt to Equity |
0.41
|
0.50
|
||||||||
| 1 All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.). Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our audited consolidated financial statements, and may vary materially from the audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results of operations for any future period. |
IR Contact:
| Michelle Jao, Manager |
Grace Teng, Manager |
||
SOURCE Advanced Semiconductor Engineering, Inc.
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