2019 1st Quarter Results

RNS Announcement

RNS Number : 1392Z

Hon Hai Precision Industry Co Ld

15 May 2019

2317 HON HAI PRECISION IND. CO., LTD.
2019Q1 Consolidated Financial Report

Unit: NT$ thousands

Balance Sheet
Code	Accounting Title	2019/3/31	2018/12/31	2018/3/31
	Assets
	Current assets
1100	Cash and cash equivalents	819,325,381	788,662,325	576,764,690
1110	Current financial assets at fair value through profit or loss	2,344,993	5,016,365	2,404,654
1136	Current financial assets at amortised cost	108,584,449	78,944,139	137,633,399
1170	Accounts receivable, net	661,319,721	1,009,364,152	556,962,754
1180	Accounts receivable due from related parties, net	34,586,702	48,172,268	39,641,871
1200	Other receivables	60,832,772	73,996,367	61,727,114
1210	Other receivables due from related parties	42,234,041	57,705,076	79,362,638
130X	Current inventories	570,569,916	625,025,794	570,960,455
1410	Prepayments	19,028,145	19,596,260	24,471,351
11XX	Total current assets	2,318,826,120	2,706,482,746	2,049,928,926
	Non-current assets
1510	Non-current financial assets at fair value through profit or loss	75,154,373	74,887,490	61,037,976
1517	Non-current financial assets at fair value through other comprehensive income	73,315,838	66,634,395	70,557,266
1535	Non-current financial assets at amortised cost	16,135,117	16,240,740	18,093,825
1550	Investments accounted for using equity method	166,194,898	160,316,664	151,405,489
1600	Property, plant and equipment	279,992,163	277,860,012	278,442,473
1755	Right-of-use assets	48,717,424	0	0
1760	Investment property, net	2,591,707	2,523,963	2,400,869
1780	Intangible assets	30,200,268	30,357,025	9,200,935
1840	Deferred tax assets	20,765,522	16,229,304	15,263,035
1900	Other non-current assets	8,974,079	29,823,088	65,903,218
15XX	Total non-current assets	722,041,389	674,872,681	672,305,086
1XXX	Total assets	3,040,867,509	3,381,355,427	2,722,234,012
	Liabilities and equity
	Liabilities
	Current liabilities
2100	Current borrowings	367,863,167	532,315,377	392,196,767
2110	Short-term notes and bills payable	35,286,800	19,283,228	7,313,452
2120	Current financial liabilities at fair value through profit or loss	960,359	651,426	8,158,646
2170	Accounts payable	616,947,234	905,682,505	537,873,755
2180	Accounts payable to related parties	29,813,959	42,340,749	52,874,950
2200	Other payables	187,809,836	228,985,231	201,854,843
2230	Current tax liabilities	38,816,543	36,400,157	37,010,597
2250	Current provisions	4,987,083	5,652,147	4,575,530
2280	Current lease liabilities	4,485,551	0	0
2300	Other current liabilities	45,952,085	38,550,736	62,683,116
21XX	Total current liabilities	1,332,922,617	1,809,861,556	1,304,541,656
	Non-current liabilities
2500	Non-current financial liabilities at fair value through profit or loss	9,150	22,835	393,308
2530	Bonds payable	204,468,307	178,794,577	168,600,176
2540	Non-current portion of non-current borrowings	54,211,718	36,483,791	20,321,584
2570	Deferred tax liabilities	19,175,732	14,649,508	14,393,226
2580	Non-current lease liabilities	23,829,889	0	0
2600	Other non-current liabilities	7,730,175	9,109,272	9,670,244
25XX	Total non-current liabilities	309,424,971	239,059,983	213,378,538
2XXX	Total liabilities	1,642,347,588	2,048,921,539	1,517,920,194
	Equity
	Equity attributable to owners of parent
	Share capital
3110	Ordinary share	138,629,906	138,629,906	173,287,383
3100	Total capital stock	138,629,906	138,629,906	173,287,383
	Capital surplus
3210	Capital surplus, additional paid-in capital	88,501,031	88,501,031	88,501,031
3230	Capital surplus, difference between consideration and carrying amount of subsidiaries acquired or disposed	0	0	0
3235	Capital Surplus, changes in ownership interests in subsidiaries	95,360,313	88,873,887	2,384,110
3250	Capital surplus, donated assets received	0	0	0
3260	Capital surplus, changes in equity of associates and joint ventures accounted for using equity method	11,379,263	11,544,285	6,191,690
3271	Capital surplus, employee share options	0	0	0
3272	Capital surplus, share options	1,099,253	1,099,253	1,099,253
3273	Capital Surplus, restricted stock	0	0	0
3280	Capital surplus, others	0	0	0
3200	Total capital surplus	196,339,860	190,018,456	98,176,084
	Retained earnings
3310	Legal reserve	136,606,364	136,606,364	122,732,924
3320	Special reserve	27,539,310	27,539,310	0
3350	Unappropriated retained earnings (accumulated deficit)	799,088,916	779,409,554	749,276,164
3300	Total retained earnings	963,234,590	943,555,228	872,009,088
	Other equity interest
3410	Exchange differences on translation of foreign financial statements	(41,515,137)	(65,399,183)	(49,914,178)
3420	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income	10,547,123	5,089,256	23,297,344
3490	Other equity, others	0	0	0
3400	Total other equity interest	(30,968,014)	(60,309,927)	(26,616,834)
3500	Treasury shares	(15,194)	(15,194)	(18,901)
31XX	Total equity attributable to owners of parent	1,267,221,148	1,211,878,469	1,116,836,820
36XX	Non-controlling interests	131,298,773	120,555,419	87,476,998
3XXX	Total equity	1,398,519,921	1,332,433,888	1,204,313,818
3X2X	Total liabilities and equity	3,040,867,509	3,381,355,427	2,722,234,012
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	1,483,078	1,483,078	1,853,848

Unit: NT$ thousands　EPS Unit: NT$

Statement of Comprehensive Income
Code	Accounting Title	2019/1/1To3/31	2018/1/1To3/31
	Operating revenue
4000	Total operating revenue	1,054,302,519	1,028,594,580
	Operating costs
5000	Total operating costs	995,999,945	964,917,846
5900	Gross profit (loss) from operations	58,302,574	63,676,734
5950	Gross profit (loss) from operations	58,302,574	63,676,734
	Operating expenses
6100	Selling expenses	6,773,683	6,667,298
6200	Administrative expenses	17,546,993	16,341,037
6300	Research and development expenses	17,872,966	16,008,539
6000	Total operating expenses	42,193,642	39,016,874
6900	Net operating income (loss)	16,108,932	24,659,860
	Non-operating income and expenses
	Other income
7010	Total other income	17,937,160	13,182,697
	Other gains and losses
7020	Other gains and losses, net	9,096,893	(492,868)
	Finance costs
7050	Finance costs, net	14,390,443	10,604,115
	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	1,730,936	3,134,758
7000	Total non-operating income and expenses	14,374,546	5,220,472
7900	Profit (loss) from continuing operations before tax	30,483,478	29,880,332
	Tax expense (income)
7950	Total tax expense (income)	6,322,069	5,863,287
8000	Profit (loss) from continuing operations	24,161,409	24,017,045
8200	Profit (loss)	24,161,409	24,017,045
	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	4,965,318	1,994,109
8320	Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other comprehensive income that will not be reclassified to profit or loss	516,032	(1,836,538)
8310	Components of other comprehensive income that will not be reclassified to profit or loss	5,481,350	157,571
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Exchange differences on translation	24,831,548	5,100,874
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	1,505,283	1,545,317
8360	Components of other comprehensive income that will be reclassified to profit or loss	26,336,831	6,646,191
8300	Other comprehensive income, net	31,818,181	6,803,762
8500	Total comprehensive income	55,979,590	30,820,807
	Profit (loss), attributable to:
8610	Profit (loss), attributable to owners of parent	19,825,041	24,080,663
8620	Profit (loss), attributable to non-controlling interests	4,336,368	(63,618)
	Comprehensive income attributable to:
8710	Comprehensive income, attributable to owners of parent	49,152,460	30,609,913
8720	Comprehensive income, attributable to non-controlling interests	6,827,130	210,894
	Basic earnings per share
9710	Basic earnings (loss) per share from continuing operations	1.43	1.39
9750	Total basic earnings per share	1.43	1.39
	Diluted earnings per share
9810	Diluted earnings (loss) per share from continuing operations	1.41	1.37
9850	Total diluted earnings per share	1.41	1.37

Unit: NT$ thousands

Statements of Cash Flows
Code	Accounting Title	2019/1/1To3/31	2018/1/1To3/31
	Cash flows from (used in) operating activities, indirect method
A00010	Profit (loss) from continuing operations before tax	30,483,478	29,880,332
A10000	Profit (loss) before tax	30,483,478	29,880,332
	Adjustments
	Adjustments to reconcile profit (loss)
A20100	Depreciation expense	15,328,213	13,327,746
A20200	Amortization expense	351,085	337,688
A20300	Expected credit loss (gain) / Provision (reversal of provision) for bad debt expense	(199,057)	(1,213,766)
A20400	Net loss (gain) on financial assets or liabilities at fair value through profit or loss	(10,343,881)	6,031,120
A20900	Interest expense	14,259,256	10,420,829
A21200	Interest income	(15,789,167)	(11,754,366)
A21300	Dividend income	(211,870)	0
A22300	Share of loss (profit) of associates and joint ventures accounted for using equity method	(1,730,936)	(3,134,758)
A22500	Loss (gain) on disposal of property, plan and equipment	53,421	238,898
A20010	Total adjustments to reconcile profit (loss)	1,717,064	14,253,391
	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	3,502,460	1,556,228
A31130	Decrease (increase) in notes receivable	377,083	(2,214,530)
A31150	Decrease (increase) in accounts receivable	347,848,638	596,872,895
A31160	Decrease (increase) in accounts receivable due from related parties	13,589,646	40,424,517
A31180	Decrease (increase) in other receivable	4,686,984	4,890,140
A31200	Decrease (increase) in inventories	54,455,878	(10,005,600)
A31230	Decrease (increase) in prepayments	568,115	(4,143,240)
A31000	Total changes in operating assets	425,028,804	627,380,410
	Changes in operating liabilities
A32150	Increase (decrease) in accounts payable	(288,735,271)	(581,295,889)
A32160	Increase (decrease) in accounts payable to related parties	(12,526,790)	(44,440,169)
A32180	Increase (decrease) in other payable	(23,694,739)	(44,110,761)
A32200	Increase (decrease) in provisions	(665,064)	(220,968)
A32230	Increase (decrease) in other current liabilities	3,383,880	10,648,023
A32240	Increase (decrease) in net defined benefit liability	(17,721)	15,364
A32000	Total changes in operating liabilities	(322,255,705)	(659,404,400)
A30000	Total changes in operating assets and liabilities	102,773,099	(32,023,990)
A20000	Total adjustments	104,490,163	(17,770,599)
A33000	Cash inflow (outflow) generated from operations	134,973,641	12,109,733
A33500	Income taxes refund (paid)	(3,915,677)	(5,654,810)
AAAA	Net cash flows from (used in) operating activities	131,057,964	6,454,923
	Cash flows from (used in) investing activities
B00010	Acquisition of financial assets at fair value through other comprehensive income	(935,903)	(2,936,134)
B00020	Proceeds from disposal of financial assets at fair value through other comprehensive income	46,238	0
B00040	Acquisition of financial assets at amortised cost	(29,640,310)	(15,157,757)
B00060	Proceeds from repayments of financial assets at amortised cost	477,783	0
B00100	Acquisition of financial assets at fair value through profit or loss	(3,049,006)	(1,759,932)
B00200	Proceeds from disposal of financial assets at fair value through profit or loss	12,590,164	0
B01800	Acquisition of investments accounted for using equity method	(476,629)	0
B02700	Acquisition of property, plant and equipment	(22,585,578)	(15,643,321)
B02800	Proceeds from disposal of property, plant and equipment	3,009,724	5,489,277
B04400	Decrease in other receivables due from related parties	16,413,091	0
B05350	Acquisition of use-of-right assets	(213,934)	0
B06700	Increase in other non-current assets	(214,275)	(471,959)
B07500	Interest received	21,044,394	16,105,265
B07600	Dividends received	211,870	0
B09900	Other investing activities	19,257	(35,486)
BBBB	Net cash flows from (used in) investing activities	(3,303,114)	(14,410,047)
	Cash flows from (used in) financing activities
C00200	Decrease in short-term loans	(164,452,210)	(26,638,379)
C00500	Increase in short-term notes and bills payable	16,047,651	0
C00600	Decrease in short-term notes and bills payable	0	(3,640,269)
C01200	Proceeds from issuing bonds	30,820,000	1,350,056
C01300	Repayments of bonds	(1,100,000)	(19,167,336)
C01600	Proceeds from long-term debt	18,393,656	971,145
C01700	Repayments of long-term debt	(716,794)	(810,260)
C04020	Payments of lease liabilities	(1,876,242)	0
C04300	Increase in other non-current liabilities	59,873	769,768
C05600	Interest paid	(19,715,286)	(14,447,522)
C05800	Change in non-controlling interests	3,916,224	(8,308)
CCCC	Net cash flows from (used in) financing activities	(118,623,128)	(61,621,105)
DDDD	Effect of exchange rate changes on cash and cash equivalents	21,531,334	3,844,860
EEEE	Net increase (decrease) in cash and cash equivalents	30,663,056	(65,731,369)
E00100	Cash and cash equivalents at beginning of period	788,662,325	642,496,059
E00200	Cash and cash equivalents at end of period	819,325,381	576,764,690
E00210	Cash and cash equivalents reported in the statement of financial position	819,325,381	576,764,690

單位：新臺幣仟元Unit: NT$ thousands

Statements of Change in Equity當期權益變動表Statements of Change in Equity
		3110	3100	3200	3310	3320	3350	3300	3410	3420	3425	3400	3500	31XX	36XX	3XXX
		普通股股本　　　　　Ordinary share	股本合計　　　　Total share capital	資本公積　　　　Capital surplus	法定盈餘公積　　　　　Legal reserve	特別盈餘公積　　　　　Special reserve	未分配盈餘（或待彌補虧損）　　　　　Unappropriated retained earnings (accumulated deficit)	保留盈餘合計　　　　Total retained earnings	國外營運機構財務報表換算之兌換差額　　　　　Exchange differences on translation of foreign financial statements	透過其他綜合損益按公允價值衡量之金融資產未實現評價(損)益　　　　　Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income	備供出售金融資產未實現利益（損失）　　　　　Unrealized gains (losses) on available-for-sale financial assets	其他權益項目合計　　　　Total other equity interest	庫藏股票　　　　Treasury shares	歸屬於母公司業主之權益總計　　　Total equity attributable to owners of parent	非控制權益　　　Non-controlling interests	權益總額　　Total equity
A1	期初餘額　Equity at beginning of period	138,629,906	138,629,906	190,018,456	136,606,364	27,539,310	779,409,554	943,555,228	(65,399,183)	5,089,256	0	(60,309,927)	(15,194)	1,211,878,469	120,555,419	1,332,433,888
C7	採用權益法認列之關聯企業及合資之變動數　　Changes in equity of associates and joint ventures accounted for using equity method	0	0	(165,022)	0	0	(131,185)	(131,185)	0	0	0	0	0	(296,207)	0	(296,207)
D1	本期淨利（淨損）　Profit (loss)	0	0	0	0	0	19,825,041	19,825,041	0	0	0	0	0	19,825,041	4,336,368	24,161,409
D3	本期其他綜合損益　Other comprehensive income	0	0	0	0	0	0	0	23,884,046	5,443,373	0	29,327,419	0	29,327,419	2,490,762	31,818,181
D5	本期綜合損益總額　Total comprehensive income	0	0	0	0	0	19,825,041	19,825,041	23,884,046	5,443,373	0	29,327,419	0	49,152,460	6,827,130	55,979,590
M7	對子公司所有權權益變動　Changes in ownership interests in subsidiaries	0	0	6,486,426	0	0	0	0	0	0	0	0	0	6,486,426	0	6,486,426
O1	非控制權益增減　Changes in non-controlling interests	0	0	0	0	0	0	0	0	0	0	0	0	0	3,916,224	3,916,224
Q1	處分透過其他綜合損益按公允價值衡量之權益工具　Disposal of investments in equity instruments designated at fair value through other comprehensive income	0	0	0	0	0	(14,494)	(14,494)	0	14,494	0	14,494	0	0	0	0
Y1	權益增加(減少)總額　Total increase (decrease) in equity	0	0	6,321,404	0	0	19,679,362	19,679,362	23,884,046	5,457,867	0	29,341,913	0	55,342,679	10,743,354	66,086,033
Z1	期末餘額　Equity at end of period	138,629,906	138,629,906	196,339,860	136,606,364	27,539,310	799,088,916	963,234,590	(41,515,137)	10,547,123	0	(30,968,014)	(15,194)	1,267,221,148	131,298,773	1,398,519,921

單位：新臺幣仟元Unit: NT$ thousands

Last year's Statements of Change in Equity去年同期權益變動表 Last year's Statements of Change in Equity
		3110	3100	3200	3310	3320	3350	3300	3410	3420	3425	3400	3500	31XX	36XX	3XXX
		普通股股本　　　　　Ordinary share	股本合計　　　　Total share capital	資本公積　　　　Capital surplus	法定盈餘公積　　　　　Legal reserve	特別盈餘公積　　　　　Special reserve	未分配盈餘（或待彌補虧損）　　　　　Unappropriated retained earnings (accumulated deficit)	保留盈餘合計　　　　Total retained earnings	國外營運機構財務報表換算之兌換差額　　　　　Exchange differences on translation of foreign financial statements	透過其他綜合損益按公允價值衡量之金融資產未實現評價(損)益　　　　　Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income	備供出售金融資產未實現利益（損失）　　　　　Unrealized gains (losses) on available-for-sale financial assets	其他權益項目合計　　　　Total other equity interest	庫藏股票　　　　Treasury shares	歸屬於母公司業主之權益總計　　　Total equity attributable to owners of parent	非控制權益　　　Non-controlling interests	權益總額　　Total equity
A1	期初餘額　Equity at beginning of period	173,287,383	173,287,383	97,872,884	122,732,924	0	717,885,835	840,618,759	(56,320,437)	0	28,781,127	(27,539,310)	(18,901)	1,084,220,815	87,571,640	1,171,792,455
A3	追溯適用及追溯重編之影響數　Effects of retrospective application and retrospective restatement	0	0	0	0	0	7,309,666	7,309,666	0	23,174,353	(28,781,127)	(5,606,774)	0	1,702,892	(297,228)	1,405,664
A5	期初重編後餘額　Equity at beginning of period after adjustments	173,287,383	173,287,383	97,872,884	122,732,924	0	725,195,501	847,928,425	(56,320,437)	23,174,353	0	(33,146,084)	(18,901)	1,085,923,707	87,274,412	1,173,198,119
C7	採用權益法認列之關聯企業及合資之變動數　　Changes in equity of associates and joint ventures accounted for using equity method	0	0	1,219,483	0	0	0	0	0	0	0	0	0	1,219,483	0	1,219,483
D1	本期淨利（淨損）　Profit (loss)	0	0	0	0	0	24,080,663	24,080,663	0	0	0	0	0	24,080,663	(63,618)	24,017,045
D3	本期其他綜合損益　Other comprehensive income	0	0	0	0	0	0	0	6,406,259	122,991	0	6,529,250	0	6,529,250	274,512	6,803,762
D5	本期綜合損益總額　Total comprehensive income	0	0	0	0	0	24,080,663	24,080,663	6,406,259	122,991	0	6,529,250	0	30,609,913	210,894	30,820,807
M7	對子公???所有權權益變動　Changes in ownership interests in subsidiaries	0	0	(916,283)	0	0	0	0	0	0	0	0	0	(916,283)	0	(916,283)
O1	非控制權益增減　Changes in non-controlling interests	0	0	0	0	0	0	0	0	0	0	0	0	0	(8,308)	(8,308)
Y1	權益增加(減少)總額　Total increase (decrease) in equity	0	0	303,200	0	0	24,080,663	24,080,663	6,406,259	122,991	0	6,529,250	0	30,913,113	202,586	31,115,699
Z1	期末餘額　Equity at end of period	173,287,383	173,287,383	98,176,084	122,732,924	0	749,276,164	872,009,088	(49,914,178)	23,297,344	0	(26,616,834)	(18,901)	1,116,836,820	87,476,998	1,204,313,818

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END

QRFSFEFFIFUSELI

RNS metadata

Title: 2019 1st Quarter Results
Time: 13:52:40
Date: 15 May 2019
Category: Results
ID: 1392Z