2021Y Q3 Financial Report (IFRS)

1522 TYC BROTHER INDUSTRIAL CO, LTD.

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2021Q3 Consolidated Financial Report

Unit: NT$ thousands

Balance Sheet

Code

Accounting Title

2021/9/30

2020/12/31

2020/9/30

Assets

Current assets

1100

Cash and cash equivalents

903,720

989,964

888,489

1136

Current financial assets at amortised cost

140,622

78,676

96,003

1150

Notes receivable, net

12,889

22,416

19,595

1160

Notes receivable due from related parties, net

8,851

13,561

17,095

1170

Accounts receivable, net

2,643,085

2,450,755

2,408,720

1180

Accounts receivable due from related parties, net

129,164

61,962

32,999

1200

Other receivables

125,481

115,455

102,476

130X

Current inventories

5,387,261

4,392,436

4,230,393

1470

Other current assets

322,947

327,870

323,748

1479

Other current assets, others

322,947

327,870

323,748

11XX

Total current assets

9,674,020

8,453,095

8,119,518

Non-current assets

1517

Non-current financial assets at fair value through other comprehensive income

214,531

191,736

139,327

1550

Investments accounted for using equity method

1,922,866

1,983,646

1,897,761

1600

Property, plant and equipment

8,066,950

8,330,236

8,269,762

1755

Right-of-use assets

1,972,319

1,863,728

1,918,016

1780

Intangible assets

74,464

90,673

94,015

1840

Deferred tax assets

495,094

492,841

509,725

1900

Other non-current assets

1,378,739

1,339,180

1,422,912

1915

Prepayments for business facilities

1,282,761

1,243,141

1,333,923

1920

Guarantee deposits paid

50,365

50,887

47,773

1990

Other non-current assets, others

45,613

45,152

41,216

1995

Other non-current assets, others

45,613

45,152

41,216

15XX

Total non-current assets

14,124,963

14,292,040

14,251,518

1XXX

Total assets

23,798,983

22,745,135

22,371,036

Liabilities and equity

Liabilities

Current liabilities

2100

Current borrowings

2,118,109

1,229,994

2,643,920

2110

Short-term notes and bills payable

319,838

0

29,987

2120

Current financial liabilities at fair value through profit or loss

2,466

17,020

9,455

2150

Notes payable

395,980

324,990

239,696

2170

Accounts payable

2,411,369

2,325,277

1,879,833

2180

Accounts payable to related parties

609,405

610,662

453,889

2200

Other payables

986,098

940,817

810,912

2230

Current tax liabilities

10,065

7,905

33,828

2280

Current lease liabilities

190,412

188,161

195,552

2300

Other current liabilities

591,700

655,986

599,068

2320

Long-term liabilities, current portion

135,995

233,580

223,297

2322

Long-term borrowings, current portion

135,995

233,580

223,297

2399

Other current liabilities, others

455,705

422,406

375,771

21XX

Total current liabilities

7,635,442

6,300,812

6,896,140

Non-current liabilities

2540

Non-current portion of non-current borrowings

6,104,306

7,774,158

6,917,425

2541

Long-term bank loans

6,104,306

5,774,719

4,920,568

2542

Others long-term borrowings

0

1,999,439

1,996,857

2570

Deferred tax liabilities

56,663

56,815

63,992

2580

Non-current lease liabilities

1,682,322

1,587,850

1,641,565

2600

Other non-current liabilities

291,873

320,574

318,660

2640

Net defined benefit liability, non-current

244,524

270,708

266,759

2670

Other non-current liabilities, others

47,349

49,866

51,901

25XX

Total non-current liabilities

8,135,164

9,739,397

8,941,642

2XXX

Total liabilities

15,770,606

16,040,209

15,837,782

Equity

Equity attributable to owners of parent

Share capital

3110

Ordinary share

3,128,979

3,128,979

3,128,979

3120

Preference share

300,000

0

0

3100

Total Share Capital

3,428,979

3,128,979

3,128,979

Capital surplus

3200

Total capital surplus

2,577,877

1,381,263

1,381,263

Retained earnings

3310

Legal reserve

808,620

783,394

783,394

3320

Special reserve

289,982

250,969

250,969

3350

Unappropriated retained earnings (accumulated deficit)

996,254

1,176,321

1,068,327

3300

Total retained earnings

2,094,856

2,210,684

2,102,690

Other equity interest

3410

Exchange differences on translation of foreign financial statements

(447,514)

(395,675)

(385,718)

3420

Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income

88,375

105,693

52,761

3400

Total other equity interest

(359,139)

(289,982)

(332,957)

3500

Treasury shares

(5,996)

(5,996)

(5,996)

31XX

Total equity attributable to owners of parent

7,736,577

6,424,948

6,273,979

36XX

Non-controlling interests

291,800

279,978

259,275

3XXX

Total equity

8,028,377

6,704,926

6,533,254

3X2X

Total liabilities and equity

23,798,983

22,745,135

22,371,036

3997

Number of share capital awaiting retirement

0

0

0

3998

Equivalent issue shares of advance receipts for ordinary share

0

0

0

3999

Number of shares in entity held by entity and by its subsidiaries

939,707

939,707

939,707

Unit: NT$ thousands EPS Unit: NT$

Statement of Comprehensive Income

Code

Accounting Title

2021/7/1To9/30

2020/7/1To9/30

2021/1/1To9/30

2020/1/1To9/30

Operating revenue

Net sales revenue

4100

Net sales revenue

4,123,150

3,824,258

12,269,143

10,655,182

4000

Total operating revenue

4,123,150

3,824,258

12,269,143

10,655,182

Operating costs

Cost of sales

5110

Total cost of sales

3,440,508

3,076,690

10,062,482

8,498,524

5000

Total operating costs

3,440,508

3,076,690

10,062,482

8,498,524

5900

Gross profit (loss) from operations

682,642

747,568

2,206,661

2,156,658

5910

Unrealized profit (loss) from sales

(8)

(8)

7

22

5920

Realized profit (loss) on from sales

0

0

21

31

5950

Gross profit (loss) from operations

682,650

747,576

2,206,675

2,156,667

Operating expenses

6100

Selling expenses

365,184

342,277

1,057,960

1,022,928

6200

Administrative expenses

179,967

187,867

553,983

585,968

6300

Research and development expenses

84,105

101,203

260,999

327,367

6450

Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9

2,022

(3,812)

5,324

147

6000

Total operating expenses

631,278

627,535

1,878,266

1,936,410

6900

Net operating income (loss)

51,372

120,041

328,409

220,257

Non-operating income and expenses

Other income

7010

Total other income

10,734

60,259

38,622

143,678

Other gains and losses

7020

Other gains and losses, net

(13,072)

(18,818)

(113,093)

(44,948)

Finance costs

7050

Finance costs, net

32,228

40,610

105,058

133,583

Share of profit (loss) of associates and joint ventures accounted for using equity method

7060

Share of profit (loss) of associates and joint ventures accounted for using equity method, net

9,732

42,954

33,175

62,726

7000

Total non-operating income and expenses

(24,834)

43,785

(146,354)

27,873

7900

Profit (loss) from continuing operations before tax

26,538

163,826

182,055

248,130

Tax expense (income)

7950

Total tax expense (income)

14,344

66,275

76,168

101,520

8000

Profit (loss) from continuing operations

12,194

97,551

105,887

146,610

8200

Profit (loss)

12,194

97,551

105,887

146,610

Other comprehensive income

Components of other comprehensive income that will not be reclassified to profit or loss

8316

Unrealised gains (losses) from investments in equity instruments measured at fair value through other comprehensive income

(25,242)

7,750

(16,635)

(2,456)

8310

Components of other comprehensive income that will not be reclassified to profit or loss

(25,242)

7,750

(16,635)

(2,456)

Components of other comprehensive income that will be reclassified to profit or loss

8361

Exchange differences on translation

(25,221)

(8,939)

(67,151)

(77,203)

8370

Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other

(4,318)

25,266

(484)

(28,773)

comprehensive income that will be reclassified to profit or loss

8399

Income tax related to components of other comprehensive income that will be reclassified to profit or loss

(5,941)

3,974

(12,959)

(19,883)

8360

Components of other comprehensive income that will be reclassified to profit or loss

(23,598)

12,353

(54,676)

(86,093)

8300

Total other comprehensive income

(48,840)

20,103

(71,311)

(88,549)

8500

Total comprehensive income

(36,646)

117,654

34,576

58,061

Profit (loss), attributable to:

8610

Profit (loss), attributable to owners of parent

6,022

88,218

71,228

144,263

8620

Profit (loss), attributable to non-controlling interests

6,172

9,333

34,659

2,347

Comprehensive income attributable to:

8710

Comprehensive income, attributable to owners of parent

(42,986)

111,866

2,754

62,275

8720

Comprehensive income, attributable to non-controlling interests

6,340

5,788

31,822

(4,214)

Basic earnings per share

9710

Basic earnings (loss) per share from continuing operations

0.02

0.28

0.23

0.46

9750

Total basic earnings per share

0.02

0.28

0.23

0.46

Diluted earnings per share

9810

Diluted earnings (loss) per share from continuing operations

0.02

0.28

0.23

0.46

9850

Total diluted earnings per share

0.02

0.28

0.23

0.46

Code

Accounting Title

2021/1/1To9/30

2020/1/1To9/30

Cash flows from (used in) operating activities, indirect method

A00010

Profit (loss) from continuing operations before tax

182,055

248,130

A10000

Profit (loss) before tax

182,055

248,130

Adjustments

Adjustments to reconcile profit (loss)

A20100

Depreciation expense

1,226,839

1,224,349

A20200

Amortization expense

32,982

36,194

A20300

Expected credit loss (gain) / Provision (reversal of provision) for bad debt expense

5,324

147

A20900

Interest expense

105,058

133,583

A21200

Interest income

(2,311)

(3,640)

A21300

Dividend income

(1,013)

0

A22300

Share of loss (profit) of associates and joint ventures accounted for using equity method

(33,175)

(62,726)

A22500

Loss (gain) on disposal of property, plan and equipment

(965)

(459)

A23900

Unrealized profit (loss) from sales

7

22

A24000

Realized loss (profit) on from sales

(21)

(31)

A29900

Other adjustments to reconcile profit (loss)

(4)

(68)

A20010

Total adjustments to reconcile profit (loss)

1,332,721

1,327,371

Changes in operating assets and liabilities

Changes in operating assets

A31115

Decrease (increase) in financial assets at fair value through profit or loss, mandatorily measured at fair value

0

410

A31130

Decrease (increase) in notes receivable

9,569

7,243

A31140

Decrease (increase) in notes receivable due from related parties

4,726

1,879

A31150

Decrease (increase) in accounts receivable

(195,205)

467,454

A31160

Decrease (increase) in accounts receivable due from related parties

(69,709)

(979)

A31180

Decrease (increase) in other receivable

(19,541)

74,243

A31200

Adjustments for decrease (increase) in inventories

(994,825)

437,646

A31240

Adjustments for decrease (increase) in other current assets

(171)

(52,028)