Walsin Lihwa Corporation and Subsidiaries
Consolidated Financial Statements for the Years Ended December 31, 2024 and 2023 and Independent Auditors' Report
The following are the key audit matters of the consolidated financial statements of the Group as of and for the year ended December 31, 2024:
Sales Revenue Recognition
In 2024, the sales revenue of the Group, of which a portion of the main products has a higher revenue proportion from specific customers, while the other portion of the main products relies on management's preparation of market price adjustment reports as the basis for revenue recognition, was significant to the net income for the year ended December 31, 2024. Therefore, the occurrence and accuracy were considered as a key audit matter, respectively. Refer to Notes 4 and 28 to the consolidated financial statements for related accounting policies and disclosures of information relating to revenue recognition.
Our audit procedures performed in respect of the above key audit matter were as follows:
- We obtained an understanding of and tested the sales revenue recognition policy and internal control procedures over the sales and evaluated the effectiveness of relevant internal controls.
- We obtained the sales details for specific customers and management reports for specific sales products, performed sampling and relevant audit procedures to verify that revenue transactions have occurred or been accurately calculated. In addition, we confirmed that the recognized amounts were consistent with those recorded in the general ledger.
Emphasis of Matter
As disclosed in Note 20, the Group acquired 100% interest in Degerfors Long Products AB and Special Melted Products Ltd on August 1 and September 19, 2023, respectively. The purchase price allocation report was finalized in 2024. Therefore, the initial accounting treatment and provisionally determined amounts from the acquisition date were adjusted and retrospectively restated for comparative periods. Our audit opinion is not modified in respect of this matter.
Other Matter
The financial statements of certain subsidiaries included in the consolidated financial statements as of and for the years ended December 31, 2024 and 2023 were audited by other auditors. Our opinion, insofar as it relates to such subsidiaries, is based solely on the reports of other auditors. The total assets of such subsidiaries amounted to NT$42,130,578 thousand and NT$38,958,711 thousand, which constituted 15.40% and 14.60% of the Group's consolidated total assets, as of December 31, 2024 and 2023, respectively, and the total net operating revenue of such subsidiaries amounted to NT$32,309,110 thousand and NT$34,331,965 thousand, which constituted 18.02% and 18.08% of the Group's consolidated total net operating revenue, for the years ended December 31, 2024 and 2023, respectively.
We have also audited the parent company only financial statements of Walsin Lihwa Corporation as of and for the years ended December 31, 2024 and 2023 on which we have issued an unmodified opinion with other matter.
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 International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), IFRIC Interpretations (IFRIC), and SIC Interpretations (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.
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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.
Auditors' 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 auditors' 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 maintain 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.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
- Conclude on the appropriateness 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 auditors' 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 auditors' 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 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 remain solely responsible for our audit opinion.
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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 for the year ended December 31, 2024 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 audits resulting in this independent auditors' report are Wen-Yea Shyu and Ker-Chang Wu.
Deloitte & Touche
Taipei, Taiwan
Republic of China
February 21, 2025
Notice to Readers
The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance and cash flows in accordance with accounting principles and practices generally accepted in 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 applied in the Republic of China.
For the convenience of readers, the independent auditors' report and the accompanying consolidated financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors' report and consolidated financial statements shall prevail.
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WALSIN LIHWA CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023
(In Thousands of New Taiwan Dollars)
ASSETS | 2024 | 2023 (Restated) | |||||||||||
Amount | % | Amount | % | ||||||||||
CURRENT ASSETS | |||||||||||||
Cash and cash equivalents (Notes 4 and 6) | $ | 10,757,417 | 4 | $ | 16,347,012 | 6 | |||||||
Financial assets at fair value through profit or loss - current (Notes 4 and 7) | 5,677 | - | 1,508,943 | 1 | |||||||||
Financial assets at amortized cost - current (Notes 4 and 8) | 9,221 | - | 727 | - | |||||||||
Financial assets for hedging - current (Notes 4 and 9) | 238,305 | - | 346,441 | - | |||||||||
Contract assets - current (Notes 4 and 10) | 571,669 | - | 996,025 | - | |||||||||
Notes receivable (Notes 4, 11, 36 and 37) | 526,699 | - | 920,752 | - | |||||||||
Trade receivables (Notes 4, 11, 36 and 37) | 14,967,386 | 6 | 14,991,531 | 6 | |||||||||
Finance lease receivables - current (Notes 4, 12 and 37) | 64,183 | - | 62,067 | - | |||||||||
Other receivables (Note 36) | 5,286,906 | 2 | 3,707,450 | 2 | |||||||||
Inventories (Notes 4 and 13) | 44,122,947 | 16 | 33,704,296 | 13 | |||||||||
Other financial assets - current (Notes 6 and 37) | 259,631 | - | 788,894 | - | |||||||||
Other current assets (Note 22) | 6,251,778 | 2 | 5,377,850 | 2 | |||||||||
Total current assets | 83,061,819 | 30 | 78,751,988 | 30 | |||||||||
NON-CURRENT ASSETS | |||||||||||||
Financial assets at fair value through profit or loss - non-current (Notes 4 and 7) | 66,607 | - | 1,263,649 | - | |||||||||
Financial assets at fair value through other comprehensive income - non-current (Notes 4 and 14) | 18,640,109 | 7 | 18,823,172 | 7 | |||||||||
Financial assets at amortized cost - non-current (Notes 4 and 8) | 130,699 | - | 184,613 | - | |||||||||
Financial assets for hedging - non-current (Notes 4 and 9) | 24,956 | - | 53,439 | - | |||||||||
Investments accounted for using the equity method (Notes 4 and 16) | 39,848,673 | 15 | 49,640,171 | 19 | |||||||||
Property, plant and equipment (Notes 4, 17 and 37) | 84,592,885 | 31 | 78,705,431 | 29 | |||||||||
Right-of-use assets (Notes 4, 18 and 37) | 6,070,870 | 2 | 4,719,043 | 2 | |||||||||
Investment properties (Notes 4, 19 and 37) | 15,210,112 | 6 | 15,514,751 | 6 | |||||||||
Goodwill (Notes 4 and 20) | 3,099,946 | 1 | 2,155,597 | 1 | |||||||||
Other intangible assets (Notes 4, 20 and 21) | 9,270,848 | 4 | 10,011,332 | 4 | |||||||||
Deferred tax assets (Notes 4 and 30) | 6,369,581 | 2 | 4,234,852 | 1 | |||||||||
Refundable deposits (Notes 6 and 37) | 785,147 | - | 158,940 | - | |||||||||
Finance lease receivables - non-current (Notes 4, 12 and 37) | 476,274 | - | 540,456 | - | |||||||||
Other non-current assets (Notes 6, 22 and 37) | 5,842,499 | 2 | 2,174,325 | 1 | |||||||||
Total non-current assets | 190,429,206 | 70 | 188,179,771 | 70 | |||||||||
TOTAL | $ | 273,491,025 | 100 | $ | 266,931,759 | 100 | |||||||
LIABILITIES AND EQUITY | |||||||||||||
CURRENT LIABILITIES | |||||||||||||
Short-term borrowings (Note 23) | $ | 17,909,079 | 7 | $ | 11,508,074 | 4 | |||||||
Short-term notes and bills payable (Note 23) | 3,145,773 | 1 | - | - | |||||||||
Financial liabilities at fair value through profit or loss - current (Notes 4 and 7) | 356,596 | - | 22,746 | - | |||||||||
Financial liabilities for hedging - current (Notes 4 and 9) | 15,475 | - | 5,878 | - | |||||||||
Contract liabilities - current | 165,913 | - | 13,828 | - | |||||||||
Notes payable | 372,846 | - | 317,865 | - | |||||||||
Trade payables (Note 36) | 14,411,306 | 5 | 16,390,669 | 6 | |||||||||
Other payables (Note 25) | 12,047,108 | 5 | 12,069,796 | 5 | |||||||||
Current tax liabilities (Notes 4 and 30) | 2,545,752 | 1 | 5,861,143 | 2 | |||||||||
Lease liabilities - current (Notes 4 and 18) | 600,124 | - | 257,859 | - | |||||||||
Current portion of long-term borrowings and bonds payable (Notes 23 and 24) | 6,016,646 | 2 | 1,640,420 | 1 | |||||||||
Other current liabilities (Notes 4 and 32) | 2,173,028 | 1 | 2,671,050 | 1 | |||||||||
Total current liabilities | 59,759,646 | 22 | 50,759,328 | 19 | |||||||||
NON-CURRENT LIABILITIES | |||||||||||||
Financial liabilities at fair value through profit or loss - non-current (Notes 4 and 7) | 563,583 | - | 484,429 | - | |||||||||
Financial liabilities for hedging - non-current (Notes 4 and 9) | 827 | - | 2,705 | - | |||||||||
Bonds payable (Note 24) | 12,850,616 | 5 | 12,951,405 | 5 | |||||||||
Long-term borrowings (Note 23) | 37,358,178 | 14 | 31,924,532 | 12 | |||||||||
Long-term notes and bills payable (Note 23) | - | - | 2,998,822 | 1 | |||||||||
Deferred tax liabilities (Notes 4, 20 and 30) | 6,803,504 | 2 | 7,228,734 | 3 | |||||||||
Lease liabilities - non-current (Notes 4 and 18) | 3,342,782 | 1 | 2,765,167 | 1 | |||||||||
Net defined benefit liabilities - non-current (Notes 4 and 26) | 1,121,785 | - | 349,381 | - | |||||||||
Other non-current liabilities (Note 33) | 4,281,556 | 2 | 3,097,217 | 1 | |||||||||
Total non-current liabilities | 66,322,831 | 24 | 61,802,392 | 23 | |||||||||
Total liabilities | 126,082,477 | 46 | 112,561,720 | 42 | |||||||||
EQUITY ATTRIBUTABLE TO OWNERS OF WLC (Note 27) | |||||||||||||
Share capital | 40,313,329 | 15 | 40,313,329 | 15 | |||||||||
Capital surplus | 33,592,347 | 12 | 33,624,917 | 13 | |||||||||
Retained earnings | |||||||||||||
Legal reserve | 10,065,084 | 3 | 9,538,222 | 4 | |||||||||
Special reserve | 2,712,250 | 1 | 2,712,250 | 1 | |||||||||
Unappropriated earnings | 46,182,358 | 17 | 48,285,234 | 18 | |||||||||
Total retained earnings | 58,959,692 | 21 | 60,535,706 | 23 | |||||||||
Other equity | |||||||||||||
Exchange differences on translation of the financial statement of foreign operations | (349,726) | - | (4,948,056) | (2) | |||||||||
Unrealized gain on financial assets at fair value through other comprehensive income | 8,058,069 | 3 | 14,068,677 | 5 | |||||||||
Loss on hedging instruments | (83,438) | - | (65,100) | - | |||||||||
Other equity - others | (3,235,079) | (1) | (2,774,650) | (1) | |||||||||
Total other equity | 4,389,826 | 2 | 6,280,871 | 2 | |||||||||
Total equity attributable to owners of WLC | 137,255,194 | 50 | 140,754,823 | 53 | |||||||||
NON-CONTROLLING INTERESTS | 10,153,354 | 4 | 13,615,216 | 5 | |||||||||
Total equity | 147,408,548 | 54 | 154,370,039 | 58 | |||||||||
TOTAL | $ | 273,491,025 | 100 | $ | 266,931,759 | 100 | |||||||
The accompanying notes are an integral part of the consolidated financial statements. (With Deloitte & Touche auditors' report dated February 21, 2025)
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WALSIN LIHWA CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023
(In Thousands of U.S. Dollars)
ASSETS | 2024 | 2023 (Restated) | |||||||||||
Amount | % | Amount | % | ||||||||||
CURRENT ASSETS | |||||||||||||
Cash and cash equivalents (Notes 4 and 6) | $ | 328,120 | 4 | $ | 498,613 | 6 | |||||||
Financial assets at fair value through profit or loss - current (Notes 4 and 7) | 173 | - | 46,025 | 1 | |||||||||
Financial assets at amortized cost - current (Notes 4 and 8) | 281 | - | 22 | - | |||||||||
Financial assets for hedging - current (Notes 4 and 9) | 7,269 | - | 10,567 | - | |||||||||
Contract assets - current (Notes 4 and 10) | 17,437 | - | 30,381 | - | |||||||||
Notes receivable (Notes 4, 11, 36 and 37) | 16,065 | - | 28,085 | - | |||||||||
Trade receivables (Notes 4, 11, 36 and 37) | 456,532 | 6 | 457,268 | 6 | |||||||||
Finance lease receivables - current (Notes 4, 12 and 37) | 1,958 | - | 1,893 | - | |||||||||
Other receivables (Note 36) | 161,260 | 2 | 113,084 | 2 | |||||||||
Inventories (Notes 4 and 13) | 1,345,827 | 16 | 1,028,040 | 13 | |||||||||
Other financial assets - current (Notes 6 and 37) | 7,919 | - | 24,063 | - | |||||||||
Other current assets (Note 22) | 190,691 | 2 | 164,034 | 2 | |||||||||
Total current assets | 2,533,532 | 30 | 2,402,075 | 30 | |||||||||
NON-CURRENT ASSETS | |||||||||||||
Financial assets at fair value through profit or loss - non-current (Notes 4 and 7) | 2,032 | - | 38,544 | - | |||||||||
Financial assets at fair value through other comprehensive income - non-current (Notes 4 and 14) | 568,556 | 7 | 574,140 | 7 | |||||||||
Financial assets at amortized cost - non-current (Notes 4 and 8) | 3,987 | - | 5,631 | - | |||||||||
Financial assets for hedging - non-current (Notes 4 and 9) | 761 | - | 1,630 | - | |||||||||
Investments accounted for using the equity method (Notes 4 and 16) | 1,215,454 | 15 | 1,514,112 | 19 | |||||||||
Property, plant and equipment (Notes 4, 17 and 37) | 2,580,231 | 31 | 2,400,654 | 29 | |||||||||
Right-of-use assets (Notes 4, 18 and 37) | 185,172 | 2 | 143,939 | 2 | |||||||||
Investment properties (Notes 4, 19 and 37) | 463,935 | 6 | 473,227 | 6 | |||||||||
Goodwill (Notes 4 and 20) | 94,554 | 1 | 65,749 | 1 | |||||||||
Other intangible assets (Notes 4, 20 and 21) | 282,777 | 4 | 305,363 | 4 | |||||||||
Deferred tax assets (Notes 4 and 30) | 194,283 | 2 | 129,170 | 1 | |||||||||
Refundable deposits (Notes 6 and 37) | 23,948 | - | 4,848 | - | |||||||||
Finance lease receivables - non-current (Notes 4, 12 and 37) | 14,527 | - | 16,485 | - | |||||||||
Other non-current assets (Notes 6, 22 and 37) | 178,207 | 2 | 66,320 | 1 | |||||||||
Total non-current assets | 5,808,424 | 70 | 5,739,812 | 70 | |||||||||
TOTAL | $ | 8,341,956 | 100 | $ | 8,141,887 | 100 | |||||||
LIABILITIES AND EQUITY | |||||||||||||
CURRENT LIABILITIES | |||||||||||||
Short-term borrowings (Note 23) | $ | 546,258 | 7 | $ | 351,016 | 4 | |||||||
Short-term notes and bills payable (Note 23) | 95,952 | 1 | - | - | |||||||||
Financial liabilities at fair value through profit or loss - current (Notes 4 and 7) | 10,877 | - | 694 | - | |||||||||
Financial liabilities for hedging - current (Notes 4 and 9) | 472 | - | 179 | - | |||||||||
Contract liabilities - current | 5,061 | - | 422 | - | |||||||||
Notes payable | 11,372 | - | 9,695 | - | |||||||||
Trade payables (Note 36) | 439,570 | 5 | 499,944 | 6 | |||||||||
Other payables (Note 25) | 367,458 | 5 | 368,150 | 5 | |||||||||
Current tax liabilities (Notes 4 and 30) | 77,650 | 1 | 178,775 | 2 | |||||||||
Lease liabilities - current (Notes 4 and 18) | 18,305 | - | 7,865 | - | |||||||||
Current portion of long-term borrowings and bonds payable (Notes 23 and 24) | 183,518 | 2 | 50,036 | 1 | |||||||||
Other current liabilities (Notes 4 and 32) | 66,281 | 1 | 81,471 | 1 | |||||||||
Total current liabilities | 1,822,774 | 22 | 1,548,247 | 19 | |||||||||
NON-CURRENT LIABILITIES | |||||||||||||
Financial liabilities at fair value through profit or loss - non-current (Notes 4 and 7) | 17,190 | - | 14,776 | - | |||||||||
Financial liabilities for hedging - non-current (Notes 4 and 9) | 25 | - | 83 | - | |||||||||
Bonds payable (Note 24) | 391,966 | 5 | 395,041 | 5 | |||||||||
Long-term borrowings (Note 23) | 1,139,490 | 14 | 973,754 | 12 | |||||||||
Long-term notes and bills payable (Note 23) | - | - | 91,469 | 1 | |||||||||
Deferred tax liabilities (Notes 4, 20 and 30) | 207,519 | 2 | 220,489 | 3 | |||||||||
Lease liabilities - non-current (Notes 4 and 18) | 101,961 | 1 | 84,342 | 1 | |||||||||
Net defined benefit liabilities - non-current (Notes 4 and 26) | 34,216 | - | 10,657 | - | |||||||||
Other non-current liabilities (Note 33) | 130,594 | 2 | 94,471 | 1 | |||||||||
Total non-current liabilities | 2,022,961 | 24 | 1,885,082 | 23 | |||||||||
Total liabilities | 3,845,735 | 46 | 3,433,329 | 42 | |||||||||
EQUITY ATTRIBUTABLE TO OWNERS OF WLC (Note 27) | |||||||||||||
Share capital | 1,229,627 | 15 | 1,229,627 | 15 | |||||||||
Capital surplus | 1,024,626 | 12 | 1,025,619 | 13 | |||||||||
Retained earnings | |||||||||||||
Legal reserve | 307,002 | 3 | 290,932 | 4 | |||||||||
Special reserve | 82,728 | 1 | 82,728 | 1 | |||||||||
Unappropriated earnings | 1,408,644 | 17 | 1,472,785 | 18 | |||||||||
Total retained earnings | 1,798,374 | 21 | 1,846,445 | 23 | |||||||||
Other equity | |||||||||||||
Exchange differences on translation of the financial statement of foreign operations | (10,667) | - | (150,924) | (2) | |||||||||
Unrealized gain on financial assets at fair value through other comprehensive income | 245,786 | 3 | 429,120 | 5 | |||||||||
Loss on hedging instruments | (2,545) | - | (1,986) | - | |||||||||
Other equity - others | (98,675) | (1) | (84,631) | (1) | |||||||||
Total other equity | 133,899 | 2 | 191,579 | 2 | |||||||||
Total equity attributable to owners of WLC | 4,186,526 | 50 | 4,293,270 | 53 | |||||||||
NON-CONTROLLING INTERESTS | 309,695 | 4 | 415,288 | 5 | |||||||||
Total equity | 4,496,221 | 54 | 4,708,558 | 58 | |||||||||
TOTAL | $ | 8,341,956 | 100 | $ | 8,141,887 | 100 | |||||||
The accompanying notes are an integral part of the consolidated financial statements. (With Deloitte & Touche auditors' report dated February 21, 2025)
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WALSIN LIHWA CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
(In Thousands of New Taiwan Dollars, Except Earnings Per Share)
2024 | 2023 (Restated) | ||||||||||
Amount | % | Amount | % | ||||||||
OPERATING REVENUE (Notes 4 and 28) | $ 179,318,340 | 100 | $ 189,839,626 | 100 | |||||||
OPERATING COSTS (Note 13) | (167,633,649) | (94) | (175,449,858) | (93) | |||||||
GROSS PROFIT | 11,684,691 | 6 | 14,389,768 | 7 | |||||||
OPERATING EXPENSES | |||||||||||
Selling and marketing expenses | 2,666,125 | 1 | 2,166,373 | 1 | |||||||
General and administrative expenses | 6,351,493 | 4 | 5,793,656 | 3 | |||||||
Research and development expenses | 499,304 | - | 293,565 | - | |||||||
Total operating expenses | 9,516,922 | 5 | 8,253,594 | 4 | |||||||
PROFIT FROM OPERATIONS | 2,167,769 | 1 | 6,136,174 | 3 | |||||||
NON-OPERATING INCOME AND EXPENSES | |||||||||||
Interest income | 378,952 | - | 541,506 | - | |||||||
Dividend income | 627,462 | - | 513,679 | - | |||||||
Other income (Note 29) | 1,836,601 | 1 | 1,763,119 | 1 | |||||||
Loss on disposal of property, plant and equipment | (19,529) | - | (11,472) | - | |||||||
Gain on disposal of investments (Note 29) | 1,167,085 | 1 | 965,914 | 1 | |||||||
Foreign exchange loss, net | (39,658) | - | (240,593) | - | |||||||
(Loss) gain on valuation of financial assets and | |||||||||||
liabilities at fair value through profit or loss | (1,553,838) | (1) | 169,525 | - | |||||||
Other expenses | (532,029) | - | (909,612) | - | |||||||
Reversal of impairment loss (Note 29) | 23,877 | - | 12,427 | - | |||||||
Interest expense | (2,359,450) | (1) | (2,135,730) | (1) | |||||||
Share of profit of associates accounted for using the | |||||||||||
equity method | 813,749 | - | 528,869 | - | |||||||
Total non-operating income and expenses | 343,222 | - | 1,197,632 | 1 | |||||||
PROFIT BEFORE INCOME TAX FROM | |||||||||||
CONTINUING OPERATIONS | 2,510,991 | 1 | 7,333,806 | 4 | |||||||
INCOME TAX BENEFIT (EXPENSE) (Notes 4 | |||||||||||
and 30) | 87,499 | - | (1,471,000) | (1) | |||||||
NET PROFIT FOR THE YEAR | 2,598,490 | 1 | 5,862,806 | 3 | |||||||
(Continued) |
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WALSIN LIHWA CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
(In Thousands of New Taiwan Dollars, Except Earnings Per Share)
2024 | 2023 (Restated) | ||||||||||||||
Amount | % | Amount | % | ||||||||||||
OTHER COMPREHENSIVE INCOME (LOSS) | |||||||||||||||
Items that will not be reclassified subsequently to | |||||||||||||||
profit or loss: | |||||||||||||||
Remeasurement of defined benefit plans | $ | 104,530 | - | $ | (109,805) | - | |||||||||
Unrealized (loss) gain on investments in equity | |||||||||||||||
instruments at fair value through other | |||||||||||||||
comprehensive income | (190,882) | - | 6,307,904 | 3 | |||||||||||
Share of the other comprehensive (loss) income of | |||||||||||||||
associates accounted for using the equity | |||||||||||||||
method | (5,728,242) | (3) | 1,288,908 | 1 | |||||||||||
Items that may be reclassified subsequently to profit | (5,814,594) | (3) | 7,487,007 | 4 | |||||||||||
or loss: | |||||||||||||||
Exchange differences on translation of the | |||||||||||||||
financial statements of foreign operations | 5,021,711 | 3 | (834,315) | - | |||||||||||
(Loss) gain on hedging instruments | (23,602) | - | 60,360 | - | |||||||||||
Share of the other comprehensive income (loss) of | |||||||||||||||
associates accounted for using the equity | |||||||||||||||
method | 347,407 | - | (47,991) | - | |||||||||||
5,345,516 | 3 | (821,946) | - | ||||||||||||
Other comprehensive (loss) income for the year | (469,078) | - | 6,665,061 | 4 | |||||||||||
TOTAL COMPREHENSIVE INCOME FOR THE | |||||||||||||||
YEAR | $ | 2,129,412 | 1 | $ | 12,527,867 | 7 | |||||||||
NET PROFIT ATTRIBUTABLE TO: | |||||||||||||||
Owners of WLC | $ | 2,790,054 | 1 | $ | 5,079,405 | 3 | |||||||||
Non-controlling interests | (191,564) | - | 783,401 | - | |||||||||||
$ | 2,598,490 | 1 | $ | 5,862,806 | 3 | ||||||||||
TOTAL COMPREHENSIVE INCOME | |||||||||||||||
ATTRIBUTABLE TO: | |||||||||||||||
Owners of WLC | $ | 1,555,997 | 1 | $ | 11,937,926 | 6 | |||||||||
Non-controlling interests | 573,415 | - | 589,941 | 1 | |||||||||||
$ | 2,129,412 | 1 | $ | 12,527,867 | 7 | ||||||||||
(Continued) |
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WALSIN LIHWA CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
(In Thousands of New Taiwan Dollars, Except Earnings Per Share)
2024 | 2023 (Restated) | ||||||
Amount | % | Amount | % | ||||
EARNINGS PER SHARE (Note 31) | |||||||
Basic | $ | 0.69 | $ | 1.31 | |||
Diluted | $ | 0.69 | $ | 1.31 |
The accompanying notes are an integral part of the consolidated financial statements.
(With Deloitte & Touche auditors' report dated February 21, 2025) | (Concluded) |
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