ChipMOS REPORTS SECOND QUARTER 2011 RESULTS

Company Reports Increased Revenue and Margins, while also Significantly Lowering Capital Expenditures and Paying Down US$84.6 Million in Debt

News provided by

ChipMOS TECHNOLOGIES (Bermuda) LTD.

Aug 18, 2011, 06:00 ET

HSINCHU, Taiwan, Aug. 18, 2011 /PRNewswire-Asia-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) today reported unaudited consolidated financial results for the second quarter ended June 30, 2011. All U.S. dollar figures in this release are based on the exchange rate of NT$28.79 against US$1.00 as of June 30, 2011.

Net revenue on a US GAAP basis for the second quarter of 2011 was NT$4,671.0 million or US$162.2 million, an increase of 4.5% from NT$4,469.6 million or US$155.2 million in the first quarter of 2011 and an increase of 3.8% from NT$4,498.4 million or US$156.2 million for the second quarter 2010.

Net loss on a US GAAP basis for the second quarter of 2011 was NT$4.1 million or US$0.1 million, and NT$0.15 or US$0.01 per basic and diluted common share, compared to net loss of NT$118.7 million or US$4.1 million, and NT$4.61 or US$0.16 per basic and diluted common share, for the first quarter of 2011 and a net loss of NT$49.7 million or US$1.7 million, and NT$2.05 or US$0.07 per basic and diluted common share for the second quarter of 2010.

The unaudited consolidated financial results of ChipMOS for the second quarter ended June 30, 2011 included the financial results of ChipMOS TECHNOLOGIES INC., ChipMOS U.S.A., Inc., MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.

S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "This was a very good quarter for us and underscores the core strength of our operations. The ongoing diversification of our customer base and target markets helped to minimize the impact of current volatility being experienced by many in our industry. We achieved revenue growth of 4.5% compared to the first quarter, with a further improvement in gross margin to 10.3% in Q2 2011, up from 7.6% in Q1 2011 and 5.2% in Q2 2010. Growth in our testing and assembly services for flash and mixed-signal products as well as our LCDD driver business, including gold bumping, was led by increased demand in mobile touch devices, including tablet computers and smartphones."

S.K. Chen, Chief Financial Officer of ChipMOS, said, "While we are pleased with our financial performance during the quarter, we remain focused on further optimizing the efficiencies of our operations in order to best accommodate customer capacity demands and to regain our profitability. As such, we achieved further improvements in our gross margin, and see additional room for improvement over the longer-term as we work to return to higher, more normal corporate levels. Of note, our blended utilization remained strong at 77%, with only slight movement in the contribution on a segment basis. We reduced capital expenditures 41% in Q2 2011 to US$17.0 million compared to Q1 2011, with the majority spent on growth areas, including LCDD and 12-inch wafer gold bumping capacity. Importantly, we made substantial progress on our debt reduction target, with a US$84.6 million reduction in total debt in the second quarter of 2011, on top of the US$31 million in the first quarter of 2011. We exited the quarter with a strong balance of cash and cash equivalents at US$176.7 million as of June 30, 2011."

Selected Operation Data

	2Q11	1Q11
Revenue by segment
Testing	33%	34%
Assembly	32%	32%
LCD Driver	35%	34%

Utilization by segment
Testing	62%	62%
Assembly	81%	82%
LCD Driver	87%	88%
Overall	77%	77%

CapEx	US$17.0 million	US$28.6 million
Testing	17%	12%
Assembly	13%	13%
LCD Driver	70%	75%

Depreciation and amortization expenses (US GAAP)	US$48.7 million	US$50.1 million

Third Quarter 2011 Outlook

Looking into the third quarter, the Company currently expects revenue to be flat-to-down in the single digits as compared to the second quarter of 2011, while maintaining gross margin on a consolidated basis in the range of 4.0% to 9.0%.

Mr. Cheng continued, "We entered the third quarter with a conservative outlook based on softening near-term demand trends consistent with the broader semiconductor industry. Overall, we expect the demand stability in our LCD driver business will partially offset anticipated macro weakness in the niche/mobile DRAM, flash and mixed-signal segments from inventory adjustment. Revenue contribution from our 12-inch wafer gold bumping and LCDD turnkey business will begin in Q4 2011. Importantly, we remain confident in our business prospects over the longer-term and expect our ongoing cost reduction efforts will allow us to improve our gross margin levels by offsetting increased material costs over time."

Investor Conference Call / Webcast Details

ChipMOS will review detailed second quarter 2011 results on Thursday, August 18, 2011 at 8:00AM ET (8:00PM, August 18, Taiwan time). The conference call-in number is +1-201-689-8562. A live webcast of the conference call will be available at ChipMOS' website at http://www.chipmos.com. The playback is scheduled to be available in 2 hours after the conclusion of the conference call and will be accessible by dialing +1-858-384-5517, with confirmation ID number 376016.

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS (http://www.chipmos.com) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.

Use of Non-GAAP Information

Readers are reminded that non-GAAP numbers contained in this announcement are merely a supplement to, and not a replacement for, the GAAP financial measures. These non-GAAP numbers should be read in conjunction with the US GAAP financial measures. It should be noted as well that the non-GAAP information provided in this announcement may be different from the non-GAAP information provided by other companies.

- FINANCIAL TABLES FOLLOW BELOW -

ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED INCOME STATEMENT
For the Three Months Ended Jun. 30, Mar. 31, 2011 and Jun. 30, 2010
Figures in Million of U.S. dollars (USD) ⁽¹⁾
Except for Per Share Amounts and Shares Outstanding

ROC GAAP

US GAAP

3 months ended

Jun. 30, 2011
(Unaudited)

Mar. 31, 2011
(Unaudited)

Jun.30, 2010
(Unaudited)

Jun. 30, 2011
(Unaudited)

Mar. 31, 2011
(Unaudited)

Jun. 30, 2010
(Unaudited)

USD

Net Revenue

162.2

155.2

156.2

162.2

155.2

156.2

Cost of Revenue

145.1

143.0

147.6

145.6

143.5

148.1

Gross Profit (Loss)

17.1

12.2

8.6

16.6

11.7

8.1

Other Operating Income

1.8

0.6

22.7

Operating Expenses

Research and Development

3.6

3.7

3.6

3.7

Sales and Marketing

0.6

0.5

0.8

0.6

0.5

0.8

General and Administrative

6.2

5.2

6.3

5.9

4.9

6.3

Other Operating Expenses

0.2

0.3

0.1

Total Operating Expenses

10.4

9.3

10.8

10.3

9.3

10.9

Income (Loss) from Operations

6.7

2.9

(2.2)

8.1

3.0

19.9

Non-Operating Income (Expenses), Net

(4.3)

(6.6)

4.4

(5.7)

(6.9)

(18.2)

Income (Loss) before Income Tax

2.4

(3.7)

2.2

2.4

(3.9)

1.7

Income Tax Benefit (Expense)

(3.3)

0.4

(0.5)

(3.3)

0.5

(0.4)

Net Income (Loss)

(0.9)

(3.3)

1.7

(0.9)

(3.4)

1.3

Add: Net Loss (Income) Attributable to Noncontrolling Interests

0.7

(0.8)

(3.1)

0.8

(0.7)

(3.0)

Net Income (Loss) Attributable to ChipMOS

(0.2)

(4.1)

(1.4)

(0.1)

(4.1)

(1.7)

Earnings (Loss) Per Share Attributable to ChipMOS - Basic

(0.01)

(0.16)

(0.06)

(0.01)

(0.16)

(0.07)

Shares Outstanding (in thousands)-Basic⁽²⁾

26,760

25,748

24,225

26,760

25,748

24,225

Net Income (Loss) Attributable to ChipMOS - Diluted

(0.2)

(4.1)

(1.4)

(0.1)

(4.1)

(1.7)

Earnings (Loss) Per Share Attributable to ChipMOS - Diluted

(0.01)

(0.16)

(0.06)

(0.01)

(0.16)

(0.07)

Shares Outstanding (in thousands)-Diluted⁽²⁾

26,760

25,748

24,225

26,760

25,748

24,225

Note:

(1) All U.S. dollar figures in this release are based on the exchange rate of NT$28.79 against US$1.00 as of Jun. 30, 2011. The convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate.

(2) The outstanding shares for the three months ended Jun. 30, 2010 have been retroactively adjusted for the reverse stock split of the Company's common stock with a ratio of 1-for-every-4 shares effective on January 21, 2011.

ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED INCOME STATEMENT
For the Three Months Ended Jun. 30, Mar. 31, 2011 and Jun. 30, 2010
Figures in Million of NT dollars (NTD)
Except for Per Share Amounts and Shares Outstanding

ROC GAAP

US GAAP

3 months ended

Jun. 30, 2011
(Unaudited)

Mar. 31, 2011
(Unaudited)

Jun. 30, 2010
(Unaudited)

Jun. 30, 2011
(Unaudited)

Mar. 31, 2011
(Unaudited)

Jun. 30, 2010
(Unaudited)

NTD

Net Revenue

4,671.0

4,469.6

4,498.4

4,671.0

4,469.6

4,498.4

Cost of Revenue

4,178.2

4,118.4

4,249.9

4,191.1

4,132.1

4,263.3

Gross Profit (Loss)

492.8

351.2

248.5

479.9

337.5

235.1

Other Operating Income

52.7

16.5

652.1

Operating Expenses

Research and Development

105.3

103.4

107.8

105.3

103.4

107.8

Sales and Marketing

17.1

15.8

21.9

17.1

15.8

21.9

General and Administrative

177.6

149.6

180.2

171.3

140.9

181.2

Other Operating Expenses

7.3

9.8

3.4

Total Operating Expenses

300.0

268.8

309.9

301.0

269.9

314.3

Income (Loss) from Operations

192.8

82.4

(61.4)

231.6

84.1

572.9

Non-Operating Income (Expenses), Net

(123.0)

(190.2)

125.5

(165.0)

(197.4)

(523.7)

Income (Loss) before Income Tax

69.8

(107.8)

64.1

66.6

(113.3)

49.2

Income Tax Benefit (Expense)

(95.9)

12.3

(13.0)

(94.3)

14.7

(11.1)

Net Income (Loss)

(26.1)

(95.5)

51.1

(27.7)

(98.6)

38.1

Add: Net Loss (Income) Attributable to Noncontrolling Interests

20.7

(23.6)

(90.1)

23.6

(20.1)

(87.8)

Net Income (Loss) Attributable to ChipMOS

(5.4)

(119.1)

(39.0)

(4.1)

(118.7)

(49.7)

Earnings (Loss) Per Share Attributable to ChipMOS - Basic

(0.20)

(4.63)

(1.61)

(0.15)

(4.61)

(2.05)

Shares Outstanding (in thousands)-Basic⁽¹⁾

26,760

25,748

24,225

26,760

25,748

24,225

Net Income (Loss) Attributable to ChipMOS - Diluted

(5.4)

(119.1)

(39.0)

(4.1)

(118.7)

(49.7)

Earnings (Loss) Per Share Attributable to ChipMOS - Diluted

(0.20)

(4.63)

(1.61)

(0.15)

(4.61)

(2.05)

Shares Outstanding (in thousands)-Diluted⁽¹⁾

26,760

25,748

24,225

26,760

25,748

24,225

Note:

(1) The outstanding shares for the three months ended Jun. 30, 2010 have been retroactively adjusted for the reverse stock split of the Company's common stock with a ratio of 1-for-every-4 shares effective on January 21, 2011.

ChipMOS TECHNOLOGIES (Bermuda) LTD.
RECONCILIATION OF US GAAP NET INCOME (LOSS) ATTRIBUTABLE TO CHIPMOS
TO NON-GAAP NET INCOME (LOSS) ATTRIBUTABLE TO CHIPMOS (UNAUDITED)
For the Three Months Ended Jun. 30, Mar. 31, 2011 and Jun. 30, 2010
Figures in Million of U.S. dollars (USD) ⁽¹⁾
Except for Per Share Amounts

Use of Non-GAAP Financial Information

To supplement our consolidated income statement (unaudited) for the three months ended Jun. 30, 2011 on a US GAAP basis, the Company uses a non-GAAP measure of net income (loss) attributable to ChipMOS, which is US GAAP net income (loss) attributable to ChipMOS adjusted to exclude two non-cash items referred to as special items. The two non-cash items excluded are changes in the fair value of the embedded derivative liabilities and amortization of discount on convertible notes. These items are considered by the management to be outside of the Company's core operating results. For example, changes in the fair value of the embedded derivative liabilities relate heavily to the Company's stock price, interest rate and volatility, all of which are difficult to predict and outside of the control of the Company and its management.

For these reasons, management uses non-GAAP adjusted measures of net income (loss) attributable to ChipMOS and non-GAAP earnings (loss) per share attributable to ChipMOS to evaluate the performance of our core businesses and to estimate future core performance. In addition, this information facilitates our management's internal comparisons to our historical operating results as well as to the operating results of our competitors.

The Company's management finds these supplemental non-GAAP measures to be useful, and we believe these non-GAAP measures are useful to investors in enabling them to perform additional analyses of past, present and future operating performance and as a supplemental means to evaluate our core operating results. However, readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, US GAAP financial measures. They should be read in conjunction with the US GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.

	3 months ended
	Jun. 30, 2011	Mar. 31, 2011	Jun. 30, 2010
US GAAP Net Income (Loss) Attributable to ChipMOS-Basic	(0.1)	(4.1)	(1.7)
US GAAP Net Income (Loss) Attributable to ChipMOS-Diluted	(0.1)	(4.1)	(1.7)

Special Items (in Non-Operating Income (Expenses), Net)
*Changes in the fair value of the embedded derivative liabilities⁽²⁾***	(0.2)	2.1	8.8
*Amortization of discount on convertible notes⁽³⁾***	0.0	0.1	0.1
Total Special Items	(0.2)	2.2	8.9

Non-GAAP Adjusted Net Income (Loss) Attributable to ChipMOS - Basic	(0.3)	(1.9)	7.2
Non-GAAP Adjusted Net Income (Loss) Attributable to ChipMOS - Diluted	(0.3)	(1.9)	7.2

US-GAAP Earnings (Loss) Per Share Attributable to ChipMOS - Basic	(0.01)	(0.16)	(0.07)
Adjustment for special items	(0.00)	0.08	0.37
Non-GAAP Earnings (Loss) Per Share Attributable to ChipMOS - Basic	(0.01)	(0.08)	0.30

US-GAAP Earnings (Loss) Per Share Attributable to ChipMOS - Diluted	(0.01)	(0.16)	(0.07)
Adjustment for special items	(0.00)	0.08	0.37
Non-GAAP Earnings (Loss) Per Share Attributable to ChipMOS - Diluted	(0.01)	(0.08)	0.30

Notes: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$28.79 against US$1.00 as of Jun. 30, 2011. The convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. (2) The Company's management believes excluding non-cash special item for the changes in the fair value of the embedded derivative liabilities from its non-GAAP financial measure of net income (loss) attributable to ChipMOS is useful for itself and investors as such gain (expense) does not have any impact on cash available to the Company. (3) The Company's management believes excluding non-cash amortization expense of discount on convertible notes from its non-GAAP financial measure of net income (loss) attributable to ChipMOS is useful for itself and investors as such expense does not have any impact on cash available to the Company.

ChipMOS TECHNOLOGIES (Bermuda) LTD. NON-GAAP CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) (Excluding non-cash items for changes in the fair value of the embedded derivative liabilities and amortization of discount on convertible notes) For the Three Months Ended Jun. 30, Mar. 31, 2011 and Jun. 30, 2010 *Figures in Million of U.S. dollars (USD)⁽¹⁾* Except for Per Share Amounts and Shares Outstanding**

	3 months ended
	Jun. 30, 2011	Mar. 31, 2011	Jun. 30, 2010
Net Revenue	162.2	155.2	156.2
Cost of Revenue	145.6	143.5	148.1
Gross Profit (Loss)	16.6	11.7	8.1

Other Operating Incomes	1.8	0.6	22.7
Operating Expenses
Research and Development	3.6	3.6	3.7
Sales and Marketing	0.6	0.5	0.8
General and Administrative	5.9	4.9	6.3
Other Operating Expenses	0.2	0.3	0.1
Total Operating Expenses	10.3	9.3	10.9

Income (Loss) from Operations	8.1	3.0	19.9

*Non-Operating Income (Expenses), Net⁽²⁾***	(5.9)	(4.7)	(9.3)

Income (Loss) before Income Tax *⁽²⁾*	2.2	(1.7)	10.6

Income Tax Benefit (Expense)	(3.3)	0.5	(0.4)

*Net Income (Loss)⁽²⁾***	(1.1)	(1.2)	10.2

Add: Net Loss (Income) Attributable to Noncontrolling Interests	0.8	(0.7)	(3.0)

*Net Income (Loss) Attributable to ChipMOS - Basic⁽²⁾***	(0.3)	(1.9)	7.2
*Earnings (Loss) Per Share Attributable to ChipMOS - Basic⁽²⁾***	(0.01)	(0.08)	0.30
*Shares Outstanding (in thousands) - Basic⁽³⁾***	26,760	25,748	24,225
*Net Income (Loss) Attributable to ChipMOS -Diluted⁽²⁾***	(0.3)	(1.9)	7.2
*Earnings (Loss) Per Share Attributable to ChipMOS -Diluted⁽²⁾***	(0.01)	(0.08)	0.30
*Shares Outstanding (in thousands) - Diluted⁽³⁾***	26,760	25,748	24,225

Note: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$28.79 against US$1.00 as of Jun. 30, 2011. The convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. (2) The amount presented is not prepared in accordance with US GAAP and does not include non-cash gain for changes in the fair value of the embedded derivative liabilities of NT$4.8 million or US$0.2 million and amortization of discount on convertible notes of NT$0.2 million or US$0.01 million for the three months ended Jun. 30, 2011, non-cash loss for changes in the fair value of the embedded derivative liabilities of NT$62.0 million or US$2.1 million and amortization of discount on convertible notes of NT$1.1 million or US$0.1 million for the three months ended Mar. 31, 2011, and non-cash loss for changes in the fair value of the embedded derivative liabilities of NT$254.4 million or US$8.8 million and amortization of discount on convertible notes of NT$2.8 million or US$0.1 million for the three months ended Jun. 30, 2010. Please see "Reconciliation of US GAAP Net Income (Loss) Attributable to ChipMOS to Non-GAAP Net Income (Loss) Attributable to ChipMOS (Unaudited)" above. (3) The outstanding shares for the three months ended Jun. 30, 2010 have been retroactively adjusted for the reverse stock split of the Company's common stock with a ratio of 1-for-every-4 shares effective on January 21, 2011.

ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED BALANCE SHEET
As of Jun. 30, Mar. 31, 2011 and Jun. 30, 2010
Figures in Million of U.S. dollars (USD) (1)

ROC GAAP

US GAAP

Jun. 30, 2011
(Unaudited)

Mar. 31, 2011
(Unaudited)

Jun. 30, 2010
(Unaudited)

Jun. 30, 2011
(Unaudited)

Mar. 31, 2011
(Unaudited)

Jun. 30, 2010
(Unaudited)

ASSETS

USD

Cash and Cash Equivalents

176.7

198.3

171.2

176.7

198.3

171.2

Financial Assets at Fair Value Through Profit or Loss

4.7

Accounts and Notes Receivable

121.2

115.4

122.3

121.2

115.4

122.3

Inventories

56.7

44.5

36.8

56.8

44.6

36.9

Other Current Assets

41.4

70.0

45.8

41.1

69.8

45.6

Total Current Assets

396.0

428.2

380.8

395.8

428.1

380.7

Long-Term Investments

0.4

0.7

0.4

0.7

Property, Plant & Equipment-Net

542.3

580.2

669.7

529.4

567.6

658.5

Intangible Assets

3.3

3.6

3.3

3.6

Other Assets

45.1

41.0

36.4

47.8

43.6

38.6

Total Assets

987.1

1,053.1

1,091.2

976.7

1,043.0

1,082.1

LIABILITIES

Current Liabilities

Short-Term Loans

33.5

37.2

85.9

33.5

37.2

85.9

Current Portion of Long-Term Debts

147.8

152.3

124.7

147.8

152.3

124.7

Accounts Payable and Payables to Contractors and Equipment Suppliers

45.8

30.2

42.8

45.8

30.2

42.8

Current Portion of Long-Term Lease Payable

28.0

29.2

27.4

28.0

29.2

27.4

Other Current Liabilities

64.7

63.2

58.4

64.7

63.2

58.4

Total Current Liabilities

319.8

312.1

339.2

319.8

312.1

339.2

Long-Term Liabilities

Long-Term Debts

144.5

213.6

283.2

144.5

213.6

283.2

Long-Term Lease Payable

9.1

15.2

37.0

9.1

15.2

37.0

Other Liabilities

3.3

3.4

3.7

16.9

17.0

13.5

Total Liabilities

476.7

544.3

663.1

490.3

557.9

672.9

EQUITY

Shareholders' Equity

Capital Stock

1.4

1.3

1.2

1.4

1.3

1.2

Deferred Compensation

(0.0)

(0.1)

Capital Surplus

533.4

525.7

486.0

522.9

515.4

476.6

Retained Earnings (Accumulated Losses)

(135.5)

(135.2)

(179.7)

(135.0)

(134.7)

(179.2)

Treasury Stock

(38.7)

(3.6)

(38.7)

(3.6)

Cumulated Translation Adjustments

11.7

12.2

14.5

11.7

12.2

14.5

Unrecognized Pension Cost

(9.2)

(7.7)

Total Shareholders' Equity

372.3

365.2

318.3

353.1

346.3

301.7

Noncontrolling Interests

138.1

143.6

109.8

133.3

138.8

107.5

Total Equity

510.4

508.8

428.1

486.4

485.1

409.2

Total Liabilities & Equity

987.1

1,053.1

1,091.2

976.7

1,043.0

1,082.1

Note:

ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED BALANCE SHEET
As of Jun. 30, Mar. 31, 2011, and Jun. 30, 2010
Figures in Million of NT dollars (NTD)

ROC GAAP

US GAAP

Jun. 30, 2011
(Unaudited)

Mar. 31, 2011
(Unaudited)

Jun. 30, 2010
(Unaudited)

Jun. 30, 2011
(Unaudited)

Mar. 31, 2011
(Unaudited)

Jun. 30, 2010

(Unaudited)

ASSETS

NTD

Cash and Cash Equivalents

5,088.5

5,707.8

4,928.5

5,088.5

5,707.8

4,928.5

Financial Assets at Fair Value Through Profit or Loss

135.8

Accounts and Notes Receivable

3,490.2

3,323.4

3,519.7

3,490.2

3,323.4

3,519.7

Inventories

1,632.7

1,282.2

1,060.0

1,633.9

1,283.1

1,061.0

Other Current Assets

1,190.6

2,014.9

1,319.5

1,184.4

2,008.7

1,313.3

Total Current Assets

11,402.0

12,328.3

10,963.5

11,397.0

12,323.0

10,958.3

Long-Term Investments

10.5

20.0

10.5

20.0

Property, Plant & Equipment-Net

15,614.1

16,704.8

19,279.9

15,242.3

16,342.4

18,958.2

Intangible Assets

94.1

95.6

102.7

94.1

95.6

102.7

Other Assets

1,299.2

1,179.4

1,048.7

1,376.1

1,255.4

1,112.3

Total Assets

28,419.9

30,318.6

31,414.8

28,120.0

30,026.9

31,151.5

LIABILITIES

Current Liabilities

Short-Term Loans

963.7

1,070.6

2,473.9

963.7

1,070.6

2,473.9

Current Portion of Long-Term Debts

4,255.9

4,386.1

3,590.2

4,255.9

4,386.1

3,590.2

Accounts Payable and Payables to Contractors and Equipment Suppliers

1,318.7

869.8

1,232.1

1,318.7

869.8

1,232.1

Current Portion of Long-Term Lease Payable

804.9

839.3

788.0

804.9

839.3

788.0

Other Current Liabilities

1,863.1

1,819.2

1,681.6

1,863.1

1,819.2

1,681.6

Total Current Liabilities

9,206.3

8,985.0

9,765.8

9,206.3

8,985.0

9,765.8

Long-Term Liabilities

Long-Term Debts

4,161.6

6,149.1

8,154.2

4,161.6

6,149.1

8,154.2

Long-Term Lease Payable

260.6

437.3

1,065.5

260.6

437.3

1,065.5

Other Liabilities

95.9

98.5

105.5

486.6

489.4

383.9

Total Liabilities

13,724.4

15,669.9

19,091.0

14,115.1

16,060.8

19,369.4

EQUITY

Shareholders' Equity

Capital Stock

39.0

38.1

35.7

39.0

38.1

35.7

Deferred Compensation

(0.4)

(1.0)

(4.0)

(3.2)

Capital Surplus

15,356.5

15,134.3

13,990.7

15,055.0

14,838.5

13,721.1

Retained Earnings (Accumulated Losses)

(3,896.8)

(3,891.4)

(5,174.9)

(3,883.1)

(3,878.9)

(5,158.0)

Treasury Stock

(1,115.0)

(103.5)

(1,115.0)

(103.5)

Cumulated Translation Adjustments

337.2

350.1

418.7

337.2

350.1

418.7

Unrecognized Pension Cost

(265.0)

(222.0)

Total Shareholders' Equity

10,720.5

10,515.1

9,162.7

10,168.1

9,967.8

8,688.8

Noncontrolling Interests

3,975.0

4,133.6

3,161.1

3,836.8

3,998.3

3,093.3

Total Equity

14,695.5

14,648.7

12,323.8

14,004.9

13,966.1

11,782.1

Total Liabilities & Equity

28,419.9

30,318.6

31,414.8

28,120.0

30,026.9

31,151.5

Contacts:

In Taiwan	In the U.S.
Dr. S.K. Chen	Chesha Gibbons
ChipMOS TECHNOLOGIES (Bermuda) LTD.	Director of Investor Relations
+886-6-507-7712	+1-415-730-1307
[email protected]	[email protected]

	David Pasquale
	Global IR Partners
	+1-914-337-8801
	[email protected]