Stock Code:5871
CHAILEASE HOLDING COMPANY LIMITED
AND SUBSIDIARIES
Consolidated Financial Statements
With Independent Auditors' Report
For the Years Ended December 31, 2024 and 2023
Address: | No.362, Ruiguang Rd., Neihu District, Taipei, Taiwan, (R.O.C.) |
Telephone: | 886-2-8752-6388 |
The independent auditors' report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors' report and consolidated financial statements, the Chinese version shall prevail.
〜1〜
Table of contents
Contents | Page | ||
1. | Cover Page | 1 | |
2. | Table of Contents | 2 | |
3. | Representation Letter | 3 | |
4. | Independent Auditors' Report | 4 | |
5. | Consolidated Balance Sheets | 5 | |
6. | Consolidated Statements of Comprehensive Income | 6 | |
7. | Consolidated Statements of Changes in Equity | 7 | |
8. | Consolidated Statements of Cash Flows | 8 |
9. Notes to Consolidated Financial Statements
(1) | Company history | 9 | |
(2) | Approval date and procedures of the consolidated financial statements | 9 | |
(3) | New standards, amendments and interpretations adopted | 9～11 | |
(4) | Summary of material accounting policies | 11～37 | |
(5) | Significant accounting assumptions and judgments, and major sources of | 37～40 | |
estimation uncertainty | |||
(6) | Explanation to significant accounts | 40～105 | |
(7) | Related party transactions | 105～111 | |
(8) | Pledged assets | 112 | |
(9) | Commitments and contingencies | 112 | |
(10) | Losses due to major disasters | 112 | |
(11) | Subsequent events | 112 | |
(12) | Other | 113～115 | |
(13) | Other disclosures | ||
i) | Information on significant transactions | 115～193 | |
ii) | Information on investees | 193～200 | |
iii) Information on investment in mainland China | 201 | ||
iv) Major shareholders | 201 | ||
(14) Segment information | 202～204 |
〜2〜
Representation Letter
The entities that are required to be included in the combined financial statements of Chailease Holding Company Limited as of and for the year ended December 31, 2024 under the Criteria Governing the Preparation of Affiliation Reports, Consolidated Business Reports, and Consolidated Financial Statements of Affiliated Enterprises are the same as those included in the consolidated financial statements prepared in conformity with International Financial Reporting Standards No. 10 endorsed by the Financial Supervisory Commission, "Consolidated Financial Statements." In addition, the information required to be disclosed in the combined financial statements is included in the consolidated financial statements. Consequently, Chailease Holding Company Limited and Subsidiaries do not prepare a separate set of combined financial statements.
Company Name: Chailease Holding Company Limited
Chairman: Fong Long, Chen
Date: February 26, 2025.
〜3〜
Independent Auditors' Report
To the Board of Directors of Chailease Holding Company Limited:
Opinion
We have audited the consolidated financial statements of Chailease Holding Company Limited and its subsidiaries ("the Group"), which comprise the consolidated balance sheet as of December 31, 2024 and 2023, the consolidated statement of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as of December 31, 2024 and 2023, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the International Financial Reporting Standards ("IFRSs"), International Accounting Standards ("IASs"), Interpretations developed by the International Financial Reporting Interpretations Committee (" IFRIC" ) or the former Standing Interpretations Committee ("SIC") endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.
Basis for Opinion
We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and the Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. Based on our judgment, the key audit matters that should be disclosed in this audit report are as follows:
Impairment assessment of accounts receivable
Refer to Note (4)(g) " Financial instruments" and Note (5) " Significant accounting assumptions and judgments, and major sources of estimation uncertainty" and Note (6) (d) "accounts receivable, net" to the consolidated financial statements for the details of the information about impairment assessment on accounts receivable.
〜4〜
Description of key audit matter:
The Group is engaged primarily in providing various services of leasing and financing, in which accounts receivable is a significant account of the Group. Impairment allowances are provided on accounts receivable based on management' s best estimate of the potential losses in the accounts receivable portfolios at the balance sheet date. Management exercise judgment in making assumptions and estimations when calculating for impairment allowances on both individually and collectively assessed accounts receivables.
How the matter was addressed in our audit:
In relation to the key audit matter above, we have performed certain key audit procedures that included evaluating the adequacy of the Group's impairment policy on financial assets; testing to check compliance with the internal control on the process of evaluating impairment losses on loans and receivable; evaluating and testing the appropriateness of expected credit loss model used by management while calculating the expected credit loss; evaluating and testing the assumptions and data used in the calculation; and evaluating the adequacy of the Group's disclosure for Impairment allowances on loans and receivables.
Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the IFRSs, IASs, IFRC, SIC endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
Those charged with governance (including the Audit Committee) are responsible for overseeing the Group' s financial reporting process.
Auditor's Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.
〜4-1〜
- Evaluate the propriety of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
- Conclude on the propriety of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group' s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient and appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors' report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
The engagement partners on the audit resulting in this independent auditors' report are Hsu, Shu-Min and Wu,Tsao-Jen.
KPMG
Taipei, Taiwan (Republic of China)
February 26, 2025
Notes to Readers
The accompanying consolidated financial statements are intended only to present the consolidated financial statements of financial position, financial performance and cash flows in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the International Financial Reporting Standards, International Accounting Standards, interpretation as well as related guidance endorsed by the Financial Supervisory Commission of the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such consolidated financial statements are those generally accepted and applied in the Republic of China.
The independent auditors' report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors' report and consolidated financial statements, the Chinese version shall prevail.
〜4-2〜
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
CHAILEASE HOLDING COMPANY LIMITED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2024 and 2023
(Amounts Expressed in Thousands of New Taiwan Dollars)
Assets | 2024.12.31 | 2023.12.31 | ||||||||||||||
Amount | % | Amount | % | |||||||||||||
Current assets： | ||||||||||||||||
1100 | Cash and cash equivalents (Notes (6)(a) and (7)) | $ | 36,201,407 | 4 | 36,993,987 | 4 | ||||||||||
1110 | Current financial assets at fair value through profit or loss (Note (6)(b)) | 5,899,471 | 1 | 4,533,228 | 1 | |||||||||||
1136 | Current financial assets at amortized cost (Notes (6)(b) and (7)) | 24,855,173 | 2 | 21,297,346 | 2 | |||||||||||
1139 | Current financial assets for hedging (Notes (6)(b) and (6)(c)) | 565,944 | - | 1,656,382 | - | |||||||||||
1170 | Accounts receivable, net (Notes (6)(d), (7) and (8)) | 561,542,947 | 57 | 543,160,503 | 58 | |||||||||||
1476 | Other current financial assets (Notes (7) and (8)) | 23,369,044 | 2 | 23,098,161 | 2 | |||||||||||
1479 | Other current assets (Notes (6)(e) and (7)) | 10,542,012 | 1 | 10,092,479 | 1 | |||||||||||
662,975,998 | 67 | 640,832,086 | 68 | |||||||||||||
Non-current assets： | ||||||||||||||||
1510 | Non-current financial assets at fair value through profit or loss (Notes (6)(b)and (6)(l)) | 33,205 | - | 15,523 | - | |||||||||||
1517 | Non-current financial assets at fair value through other comprehensive income | 336,854 | - | 981,404 | - | |||||||||||
(Note (6)(b)) | ||||||||||||||||
1535 | Non-current financial assets at amortized cost (Note (6)(b) and (8)) | 12,324,817 | 1 | 4,090,480 | 1 | |||||||||||
1538 | Non-current financial assets for hedging (Notes (6)(b) and (6)(c)) | 48,369 | - | 139,908 | - | |||||||||||
1550 | Investments accounted for using equity method (Note (6)(f)) | 4,407,100 | - | 3,082,905 | - | |||||||||||
1600 | Property, plant and equipment (Notes (6)(h), (7) and (8)) | 100,172,832 | 10 | 93,619,263 | 10 | |||||||||||
1755 | Right-of-use assets (Notes (6)(i) and (7)) | 8,761,376 | 1 | 6,940,570 | 1 | |||||||||||
1780 | Intangible assets | 399,859 | - | 580,386 | - | |||||||||||
1840 | Deferred tax assets (Note (6)(o)) | 10,647,387 | 1 | 7,219,238 | 1 | |||||||||||
1930 | Long-term accounts receivable, net (Notes (6)(d), (7) and (8)) | 168,072,633 | 18 | 173,869,909 | 18 | |||||||||||
1995 | Other non-current assets (Notes (7) and (8)) | 14,223,413 | 2 | 11,973,198 | 1 | |||||||||||
319,427,845 | 33 | 302,512,784 | 32 |
TOTAL ASSETS | $ 982,403,843 100 943,344,870100 | |||||||
Liabilities and Equity
Current Liabilities：
2100 Short-term borrowings (Notes (6)(k) and (8))
2110 Short-term notes and bills payable (Notes (6)(j) and (8))
2126 Current financial liabilities for hedging (Notes (6)(b) and (6)(c))
2170 Accounts and notes payable
2230 Current tax liabilities
2280 Current lease liabilities (Notes (6)(m) and (7))
2305 Other current financial liabilities (Note (7))
2320 Long-term liabilities, current portion (Notes (6)(k), (6)(l) and (8))
2399 Other current liabilities
Non-current Liabilities：
2511 Non-current financial liabilities for hedging (Notes (6)(b) and (6)(c))
2530 Bonds payable (Note (6)(l))
2540 Long-term borrowings (Notes (6)(k) and (8))
2570 Deferred tax liabilities (Note (6)(o))
2580 Non-current lease liabilities (Notes (6)(m) and (7))
2600 Other non-current liabilities (Note (6)(n))
Total Liabilities
Equity attributable to owners of the Company：(Note (6)(p) and (6)(q))
3110 Ordinary share
3120 Preferred share
3200 Capital surplus
3320 Special reserve
3350 Unappropriated retained earnings
3400 Other equity items
Total equity attributable to owners of the Company
36XX Non-controlling interests
Total equity
TOTAL LIABILITIES AND EQUITY
2024.12.31 | 2023.12.31 | ||||||||||||
Amount | % | Amount | % | ||||||||||
$ | 68,280,290 | 7 | 66,489,957 | 7 | |||||||||
123,378,546 | 12 | 108,660,077 | 12 | ||||||||||
200,762 | - | 679,513 | - | ||||||||||
5,648,699 | 1 | 4,353,433 | - | ||||||||||
4,255,246 | - | 4,235,166 | - | ||||||||||
1,648,182 | - | 1,229,402 | - | ||||||||||
75,560,371 | 8 | 73,377,891 | 8 | ||||||||||
301,372,433 | 31 | 281,238,343 | 30 | ||||||||||
5,409,377 | - | 5,515,833 | 1 | ||||||||||
585,753,906 | 59 | 545,779,615 | 58 | ||||||||||
49,237 | - | - | - | ||||||||||
55,337,064 | 6 | 59,502,724 | 6 | ||||||||||
135,324,019 | 14 | 155,838,606 | 17 | ||||||||||
4,632,174 | - | 3,745,918 | - | ||||||||||
7,243,640 | 1 | 5,762,990 | 1 | ||||||||||
9,931,965 | 1 | 9,379,219 | 1 | ||||||||||
212,518,099 | 22 | 234,229,457 | 25 | ||||||||||
798,272,005 | 81 | 780,009,072 | 83 | ||||||||||
16,778,638 | 2 | 16,145,724 | 2 | ||||||||||
1,500,000 | - | 1,500,000 | - | ||||||||||
45,467,665 | 5 | 41,862,560 | 4 | ||||||||||
3,541,758 | - | 1,777,735 | - | ||||||||||
105,735,441 | 11 | 96,213,959 | 10 | ||||||||||
70,734 | - | (3,541,758) | - | ||||||||||
173,094,236 | 18 | 153,958,220 | 16 | ||||||||||
11,037,602 | 1 | 9,377,578 | 1 | ||||||||||
184,131,838 | 19 | 163,335,798 | 17 | ||||||||||
$ | 982,403,843 | 100 | 943,344,870 | 100 | |||||||||
The accompanying notes are an integral part of the consolidated financial statements.
〜5〜
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
CHAILEASE HOLDING COMPANY LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
For the Years Ended December 31, 2024 and 2023
(Amounts Expressed in Thousands of New Taiwan Dollars)
For the years ended December 31, | ||||||||||||
2024 | 2023 | |||||||||||
Operating revenues: (Note (7)) | Amount | % | Amount | % | ||||||||
4111 | Sales revenue | $ | 8,138,973 | 8 | 7,382,209 | 8 | ||||||
4810 | Interest revenue - installment sales | 22,520,767 | 22 | 20,923,689 | 21 | |||||||
4820 | Interest revenue - capital leases | 31,972,128 | 31 | 29,796,268 | 31 | |||||||
4300 | Rental revenue - operating leases | 6,855,628 | 7 | 6,215,939 | 6 | |||||||
4230 | Interest revenue - loans | 12,105,879 | 12 | 11,273,105 | 12 | |||||||
4240 | Other interest revenue | 12,428,981 | 12 | 12,724,513 | 13 | |||||||
4881 | Other operating revenue | 8,269,301 | 8 | 9,209,787 | 9 | |||||||
Operating costs: (Note (7)) | 102,291,657 | 100 | 97,525,510 | 100 | ||||||||
5111 | Cost of sales | 4,682,553 | 5 | 4,133,131 | 4 | |||||||
5240 | Interest expense | 20,664,029 | 20 | 19,298,963 | 20 | |||||||
5300 | Cost of rental revenue | 4,436,527 | 4 | 4,095,969 | 4 | |||||||
5800 | Other operating costs | 4,465,668 | 4 | 4,881,515 | 5 | |||||||
Gross profit from operation | 34,248,777 | 33 | 32,409,578 | 33 | ||||||||
68,042,880 | 67 | 65,115,932 | 67 | |||||||||
6400 | Operating expenses (Note (7)) | 19,133,115 | 19 | 18,143,555 | 19 | |||||||
6450 | Expected credit loss (Note (6)(d)) | 19,877,250 | 20 | 14,977,902 | 15 | |||||||
6500 | Net other income and expenses (Note (6)(t)) | 877,575 | 1 | 936,142 | 1 | |||||||
Operating profit | 29,910,090 | 29 | 32,930,617 | 34 | ||||||||
Non-operating income and expenses: | ||||||||||||
7100 | Interest income | 557,784 | 1 | 614,576 | - | |||||||
7130 | Dividend income | 11,952 | - | 52,369 | - | |||||||
7020 | Other gains and losses (Note (6)(u) and (7)) | 1,601,264 | 2 | 2,693,335 | 3 | |||||||
7060 | Share of profit of associates and joint ventures accounted for using equity method (Note (6)(f)) | 169,499 | - | (77,949) | - | |||||||
Profit before income tax | 2,340,499 | 3 | 3,282,331 | 3 | ||||||||
7900 | 32,250,589 | 32 | 36,212,948 | 37 | ||||||||
7950 | Less: Income tax expenses (Note (6)(o)) | 8,814,633 | 9 | 10,168,244 | 10 | |||||||
Profit for the period | 23,435,956 | 23 | 26,044,704 | 27 | ||||||||
Other comprehensive income (loss): | ||||||||||||
8310 | Components of other comprehensive income that will not be reclassified to profit or loss | |||||||||||
8311 | Gains on remeasurements of defined benefit plans | 89,139 | - | 61,536 | - | |||||||
8316 | Unrealized gains (losses) from investments in equity instruments measured at fair value through other comprehensive | |||||||||||
income | 21,212 | - | 164,878 | - | ||||||||
8349 | Less: Income tax related to components that will not be reclassified to profit or loss (Note (6)(o)) | 17,836 | - | 12,295 | - | |||||||
Total components of other comprehensive income that will not be reclassified to profit or loss | 92,515 | - | 214,119 | - | ||||||||
8360 | Components of other comprehensive income (loss) that will be reclassified to profit or loss | |||||||||||
8361 | Exchange differences on translation of foreign financial statements | 4,489,419 | 4 | (1,548,549) | (2) | |||||||
8368 | Gains (losses) on hedging instruments (Note (6)(c)) | (400,367) | - | (446,676) | - | |||||||
8370 | Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of | |||||||||||
other comprehensive income that will be reclassified to profit or loss (Note (6)(f)) | 102,742 | - | 17,345 | - | ||||||||
8999 | Less: Income tax related to components of other comprehensive income that will be reclassified to profit or loss | |||||||||||
(Note (6)(o)) | 65,099 | - | (28,666) | - | ||||||||
Total components of other comprehensive income that will be reclassified to profit or loss | ||||||||||||
4,126,695 | 4 | (1,949,214) | (2) | |||||||||
Other comprehensive income (net of tax) | ||||||||||||
4,219,210 | 4 | (1,735,095) | (2) | |||||||||
8500 | Total comprehensive income for the period | $ | 27,655,166 | 27 | 24,309,609 | 25 | ||||||
Profit attributable to: | ||||||||||||
8610 | Owners of the Company | $ | 22,585,782 | 22 | 25,033,636 | 26 | ||||||
8620 | Non-controlling interests | $ | 850,174 | 1 | 1,011,068 | 1 | ||||||
Comprehensive income attributable to: | 23,435,956 | 23 | 26,044,704 | 27 | ||||||||
8710 | Owners of the Company | $ | 26,314,427 | 26 | 23,330,992 | 24 | ||||||
8720 | Non-controlling interests | $ | 1,340,739 | 1 | 978,617 | 1 | ||||||
Earnings per common share (NT dollars) (Note (6)(r)) | 27,655,166 | 27 | 24,309,609 | 25 | ||||||||
9750 | Basic earnings per share | $ | 13.31 | 14.85 | ||||||||
9850 | Diluted earnings per share | $ | ||||||||||
13.15 | 14.68 | |||||||||||
The accompanying notes are an integral part of the consolidated financial statements.
〜6〜
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
CHAILEASE HOLDING COMPANY LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For the Years Ended December 31, 2024 and 2023
(Amounts Expressed in Thousands of New Taiwan Dollars)
Equity Attributable to Owners of the Company | |||||||||||||||||||||||||||||||||||
Other Equity Items | |||||||||||||||||||||||||||||||||||
Unrealized gains | |||||||||||||||||||||||||||||||||||
Share Capital | Retained Earnings | (losses) from | |||||||||||||||||||||||||||||||||
Exchange | financial | ||||||||||||||||||||||||||||||||||
differences on | assets measured | ||||||||||||||||||||||||||||||||||
translation of | at fair value | Total equity | |||||||||||||||||||||||||||||||||
Unappropriated | foreign | through other | Gains (losses) | attributable | |||||||||||||||||||||||||||||||
Ordinary | Preferred | Capital | Special | retained | financial | comprehensive | on hedging | to owners of | Non-controlling | Total | |||||||||||||||||||||||||
Balance at January 1, 2023 | share | share | surplus | reserve | earnings | statements | income | instruments | the Company | interests | equity | ||||||||||||||||||||||||
$ | 15,829,141 | 1,500,000 | 41,855,122 | 3,963,115 | 79,950,798 | (1,381,144) | (225,535) | (171,056) | 141,320,441 | 8,836,306 | 150,156,747 | ||||||||||||||||||||||||
Profit for the year ended December 31, 2023 | - | - | - | - | 25,033,636 | - | - | - | 25,033,636 | 1,011,068 | 26,044,704 | ||||||||||||||||||||||||
Other comprehensive income (loss) for the year ended December 31, 2023 | - | - | - | - | 49,372 | (1,515,080) | 164,901 | (401,837) | (1,702,644) | (32,451) | (1,735,095) | ||||||||||||||||||||||||
Total comprehensive income (loss) for the year ended December 31, 2023 | - | - | - | - | 25,083,008 | (1,515,080) | 164,901 | (401,837) | 23,330,992 | 978,617 | 24,309,609 | ||||||||||||||||||||||||
Appropriation and distribution of retain earnings: | |||||||||||||||||||||||||||||||||||
Cash dividends of ordinary share | - | - | - | - | (10,130,651) | - | - | - | (10,130,651) | - | (10,130,651) | ||||||||||||||||||||||||
Cash dividends of preferred stock | - | - | - | - | (570,000) | - | - | - | (570,000) | - | (570,000) | ||||||||||||||||||||||||
Stock dividends of ordinary share | 316,583 | - | - | - | (316,583) | - | - | - | - | - | - | ||||||||||||||||||||||||
Reversal of special reserve | - | - | - | (2,185,380) | 2,185,380 | - | - | - | - | - | - | ||||||||||||||||||||||||
Other changes in capital surplus | - | - | 984 | - | - | - | - | - | 984 | - | 984 | ||||||||||||||||||||||||
Changes in non-controlling interests | - | - | - | - | - | - | - | - | - | (430,891) | (430,891) | ||||||||||||||||||||||||
Disposal of investments in equity instruments designated at fair value through other | |||||||||||||||||||||||||||||||||||
comprehensive income | - | - | - | - | 12,007 | - | (12,007) | - | - | - | - | ||||||||||||||||||||||||
Effects on the long-term equity investment not recognized based on shareholding ratios | - | - | 6,454 | - | - | - | - | - | 6,454 | (6,454) | - | ||||||||||||||||||||||||
Balance at December 31, 2023 | $ | 16,145,724 | 1,500,000 | 41,862,560 | 1,777,735 | 96,213,959 | (2,896,224) | (72,641) | (572,893) | 153,958,220 | 9,377,578 | 163,335,798 | |||||||||||||||||||||||
The accompanying notes are an integral part of the consolidated financial statements.
〜7〜
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
CHAILEASE HOLDING COMPANY LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For the Years Ended December 31, 2024 and 2023
(Amounts Expressed in Thousands of New Taiwan Dollars)
Equity Attributable to Owners of the Company | ||||||||||||||||||||||||||||||||
Other Equity Items | ||||||||||||||||||||||||||||||||
Unrealized gains | ||||||||||||||||||||||||||||||||
Share Capital | Retained Earnings | (losses) from | ||||||||||||||||||||||||||||||
Exchange | financial | |||||||||||||||||||||||||||||||
differences on | assets measured | |||||||||||||||||||||||||||||||
translation of | at fair value | Total equity | ||||||||||||||||||||||||||||||
Unappropriated | foreign | through other | Gains (losses) | attributable | ||||||||||||||||||||||||||||
Ordinary | Preferred | Capital | Special | retained | financial | comprehensive | on hedging | to owners of | Non-controlling | Total | ||||||||||||||||||||||
Balance at January 1, 2024 | share | share | surplus | reserve | earnings | statements | income | instruments | the Company | interests | equity | |||||||||||||||||||||
$ | 16,145,724 | 1,500,000 | 41,862,560 | 1,777,735 | 96,213,959 | (2,896,224) | (72,641) | (572,893) | 153,958,220 | 9,377,578 | 163,335,798 | |||||||||||||||||||||
Profit for the year ended December 31, 2024 | - | - | - | - | 22,585,782 | - | - | - | 22,585,782 | 850,174 | 23,435,956 | |||||||||||||||||||||
Other comprehensive income (loss) for the year ended December 31, 2024 | - | - | - | - | 73,500 | 4,002,979 | 21,084 | (368,918) | 3,728,645 | 490,565 | 4,219,210 | |||||||||||||||||||||
Total comprehensive income (loss) for the year ended December 31, 2024 | - | - | - | - | 22,659,282 | 4,002,979 | 21,084 | (368,918) | 26,314,427 | 1,340,739 | 27,655,166 | |||||||||||||||||||||
Appropriation and distribution of retain earnings: | ||||||||||||||||||||||||||||||||
Special reserve appropriated | - | - | - | 1,764,023 | (1,764,023) | - | - | - | - | - | - | |||||||||||||||||||||
Cash dividends of ordinary share | - | - | - | - | (10,494,721) | - | - | - | (10,494,721) | - | (10,494,721) | |||||||||||||||||||||
Cash dividends of preferred stock | - | - | - | - | (570,000) | - | - | - | (570,000) | - | (570,000) | |||||||||||||||||||||
Stock dividends of ordinary share | 322,914 | - | - | - | (322,914) | - | - | - | - | - | - | |||||||||||||||||||||
Other changes in capital surplus | - | - | 5,263 | - | - | - | - | - | 5,263 | - | 5,263 | |||||||||||||||||||||
Capital increase in cash | 310,000 | - | 3,555,436 | - | - | - | - | - | 3,865,436 | - | 3,865,436 | |||||||||||||||||||||
Changes in ownership interests in subsidiaries | - | - | (9,794) | - | (28,795) | - | - | - | (38,589) | - | (38,589) | |||||||||||||||||||||
Share-based payments | - | - | 54,501 | - | - | - | - | - | 54,501 | 62 | 54,563 | |||||||||||||||||||||
Changes in non-controlling interests | - | - | - | - | - | - | - | - | - | 319,223 | 319,223 | |||||||||||||||||||||
Disposal of investments in equity instruments designated at fair value through other | ||||||||||||||||||||||||||||||||
comprehensive income | - | - | - | - | 42,653 | - | (42,653) | - | - | - | - | |||||||||||||||||||||
Effects on the long-term equity investment not recognized based on shareholding ratios | - | - | (301) | - | - | - | - | - | (301) | - | (301) | |||||||||||||||||||||
Balance at December 31, 2024 | $ | 16,778,638 | 1,500,000 | 45,467,665 | 3,541,758 | 105,735,441 | 1,106,755 | (94,210) | (941,811) | 173,094,236 | 11,037,602 | 184,131,838 | ||||||||||||||||||||
The accompanying notes are an integral part of the consolidated financial statements.
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