2020 3rd Quarter Results

RNS Announcement

RNS Number : 2577F

Hon Hai Precision Industry Co Ld

13 November 2020

HON HAI PRECISION INDUSTRY CO., LTD. AND SUBSIDIARIES CONSOLIDATED SHEETS

2020 3rd IFRSs Consolidated Financial Statements

Unit: NT$ thousand

Balance Sheet

Code	Accounting Title	2020/9/30	2019/12/31	2019/9/30
	Assets
	Current assets
1100	Cash and cash equivalents	1,018,518,545	857,864,362	788,552,993
1110	Current financial assets at fair value through profit or loss	2,283,769	2,952,049	2,687,789
1136	Current financial assets at amortised cost	56,982,365	52,954,877	80,674,247
1170	Accounts receivable, net	674,576,103	987,278,438	973,106,359
1180	Accounts receivable due from related parties, net	42,466,691	44,754,604	52,969,656
1200	Other receivables	66,239,294	67,854,299	71,788,948
1210	Other receivables due from related parties	7,020,715	24,366,543	29,532,400
130X	Current inventories	707,992,299	515,772,177	690,816,511
1410	Prepayments	20,411,757	19,895,574	19,866,243
11XX	Total current assets	2,596,491,538	2,573,692,923	2,709,995,146
	Non-current assets
1510	Non-current financial assets at fair value through profit or loss	89,046,993	82,660,725	80,915,973
1517	Non-current financial assets at fair value through other comprehensive income	65,025,269	68,807,217	66,888,731
1535	Non-current financial assets at amortised cost	19,190,490	12,528,569	14,172,490
1550	Investments accounted for using equity method	164,428,944	168,631,642	170,025,603
1600	Property, plant and equipment	278,138,570	287,523,253	272,040,082
1755	Right-of-use assets	45,359,435	46,760,340	41,020,423
1760	Investment property, net	10,111,512	4,419,912	4,591,843
1780	Intangible assets	39,175,542	41,380,353	29,963,422
1840	Deferred tax assets	23,088,696	18,701,465	16,671,351
1900	Other non-current assets	14,041,943	15,835,299	8,796,992
15XX	Total non-current assets	747,607,394	747,248,775	705,086,910
1XXX	Total assets	3,344,098,932	3,320,941,698	3,415,082,056
	Liabilities and equity
	Liabilities
	Current liabilities
2100	Current borrowings	435,373,222	380,866,050	427,896,910
2110	Short-term notes and bills payable	53,336,806	30,528,296	33,715,348
2120	Current financial liabilities at fair value through profit or loss	1,405,078	1,881,685	1,831,892
2170	Accounts payable	856,816,144	870,678,994	975,435,641
2180	Accounts payable to related parties	28,856,701	35,509,127	43,124,578
2200	Other payables	207,025,813	217,732,729	213,699,184
2230	Current tax liabilities	18,512,527	18,531,289	22,700,301
2250	Current provisions	2,632,722	2,725,293	2,546,871
2280	Current lease liabilities	8,244,367	7,131,038	5,979,730
2300	Other current liabilities	124,804,098	91,876,860	69,554,887
21XX	Total current liabilities	1,737,007,478	1,657,461,361	1,796,485,342
	Non-current liabilities
2500	Non-current financial liabilities at fair value through profit or loss	1,650	0	6,300
2530	Bonds payable	158,033,607	175,505,344	181,220,286
2540	Non-current portion of non-current borrowings	27,075,056	41,576,252	52,463,172
2550	Non-current provisions	384,614	369,953	0
2570	Deferred tax liabilities	20,651,693	18,261,509	20,205,461
2580	Non-current lease liabilities	19,820,124	20,875,343	16,551,314
2600	Other non-current liabilities	9,408,965	7,266,519	7,051,102
25XX	Total non-current liabilities	235,375,709	263,854,920	277,497,635
2XXX	Total liabilities	1,972,383,187	1,921,316,281	2,073,982,977
	Equity
	Equity attributable to owners of parent
	Share capital
3110	Ordinary share	138,629,906	138,629,906	138,629,906
3100	Total Share Capital	138,629,906	138,629,906	138,629,906
	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	102,598,404	99,189,558	94,147,189
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	10,092,638	10,593,529	10,944,906
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	202,291,326	199,383,371	194,692,379
	Retained earnings
3310	Legal reserve	161,043,748	149,512,874	149,512,874
3320	Special reserve	102,451,720	60,309,927	60,309,927
3350	Unappropriated retained earnings (accumulated deficit)	734,359,887	794,615,182	745,389,080
3300	Total retained earnings	997,855,355	1,004,437,983	955,211,881
	Other equity interest
3410	Exchange differences on translation of foreign financial statements	(139,388,384)	(113,889,466)	(86,080,108)
3420	Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income	11,511,403	11,437,746	4,246,979
3400	Total other equity interest	(127,876,981)	(102,451,720)	(81,833,129)
3500	Treasury shares	(15,194)	(15,194)	(15,194)
31XX	Total equity attributable to owners of parent	1,210,884,412	1,239,984,346	1,206,685,843
36XX	Non-controlling interests	160,831,333	159,641,071	134,413,236
3XXX	Total equity	1,371,715,745	1,399,625,417	1,341,099,079
3X2X	Total liabilities and equity	3,344,098,932	3,320,941,698	3,415,082,056
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	1,483,078

Unit: NT$ thousands　EPS Unit: NT$

Statement of Comprehensive Income

Code	Accounting Title	2020/7/1To9/30	2019/7/1To9/30	2020/1/1To9/30	2019/1/1To9/30
	Operating revenue
4000	Total operating revenue	1,291,541,100	1,387,792,029	3,349,011,129	3,601,878,654
	Operating costs
5000	Total operating costs	1,211,442,464	1,304,409,807	3,160,467,869	3,398,587,556
5900	Gross profit (loss) from operations	80,098,636	83,382,222	188,543,260	203,291,098
5950	Gross profit (loss) from operations	80,098,636	83,382,222	188,543,260	203,291,098
	Operating expenses
6100	Selling expenses	6,820,449	7,966,593	17,641,612	22,429,221
6200	Administrative expenses	17,188,699	19,742,626	49,268,216	56,111,172
6300	Research and development expenses	23,711,465	22,181,549	62,261,638	59,601,589
6000	Total operating expenses	47,720,613	49,890,768	129,171,466	138,141,982
6900	Net operating income (loss)	32,378,023	33,491,454	59,371,794	65,149,116
	Non-operating income and expenses
	Interest income
7100	Total interest income	10,287,767	18,854,647	37,907,112	54,860,653
	Other income
7010	Total other income	5,070,313	7,823,821	8,636,095	12,049,796
	Other gains and losses
7020	Other gains and losses, net	776,131	(6,095,326)	5,913,511	2,119,902
	Finance costs
7050	Finance costs, net	9,308,328	16,680,840	32,565,233	47,313,254
	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	3,721,084	4,663,655	4,428,030	14,227,828
7000	Total non-operating income and expenses	10,546,967	8,565,957	24,319,515	35,944,925
7900	Profit (loss) from continuing operations before tax	42,924,990	42,057,411	83,691,309	101,094,041
	Tax expense (income)
7950	Total tax expense (income)	8,683,341	8,239,655	21,901,183	25,085,478
8000	Profit (loss) from continuing operations	34,241,649	33,817,756	61,790,126	76,008,563
8200	Profit (loss)	34,241,649	33,817,756	61,790,126	76,008,563
	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	(3,303,339)	(3,382,569)	(2,610,510)	(717,439)
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	957,828	190,889	(2,600,380)	489,908
8310	Components of other comprehensive income that will not be reclassified to profit or loss	(2,345,511)	(3,191,680)	(5,210,890)	(227,531)
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Exchange differences on translation	11,607,802	(38,361,969)	(26,905,249)	(23,823,291)
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	1,614,384	(2,035,279)	(272,785)	553,746
8360	Components of other comprehensive income that will be reclassified to profit or loss	13,222,186	(40,397,248)	(27,178,034)	(23,269,545)
8300	Total other comprehensive income	10,876,675	(43,588,928)	(32,388,924)	(23,497,076)
8500	Total comprehensive income	45,118,324	(9,771,172)	29,401,202	52,511,487
	Profit (loss), attributable to:
8610	Profit (loss), attributable to owners of parent	30,854,592	30,664,317	55,818,855	67,542,884
8620	Profit (loss), attributable to non-controlling interests	3,387,057	3,153,439	5,971,271	8,465,679
	Comprehensive income attributable to:
8710	Comprehensive income, attributable to owners of parent	40,701,498	(9,584,987)	26,223,229	46,117,730
8720	Comprehensive income, attributable to non-controlling interests	4,416,826	(186,185)	3,177,973	6,393,757
	Basic earnings per share
9710	Basic earnings (loss) per share from continuing operations	2.23	2.21	4.03	4.87
9750	Total basic earnings per share	2.23	2.21	4.03	4.87
	Diluted earnings per share
9810	Diluted earnings (loss) per share from continuing operations	2.21	2.19	4.00	4.83
9850	Total diluted earnings per share	2.21	2.19	4.00	4.83

Unit: NT$ thousands

Statements of Cash Flows

Code	Accounting Title	2020/1/1To9/30	2019/1/1To9/30
	Cash flows from (used in) operating activities, indirect method
A00010	Profit (loss) from continuing operations before tax	83,691,309	101,094,041
A10000	Profit (loss) before tax	83,691,309	101,094,041
	Adjustments
	Adjustments to reconcile profit (loss)
A20100	Depreciation expense	44,888,883	47,838,884
A20200	Amortization expense	3,162,402	1,208,492
A20300	Expected credit loss (gain) / Provision (reversal of provision) for bad debt expense	1,982,168	967,176
A20400	Net loss (gain) on financial assets or liabilities at fair value through profit or loss	(4,476,380)	(5,282,788)
A20900	Interest expense	32,023,775	46,984,815
A21200	Interest income	(37,907,112)	(54,860,653)
A21300	Dividend income	(3,396,328)	(5,486,503)
A22300	Share of loss (profit) of associates and joint ventures accounted for using equity method	(4,428,030)	(14,227,828)
A22500	Loss (gain) on disposal of property, plan and equipment	339,891	467,545
A23100	Loss (gain) on disposal of investments	(363,614)	78,074
A23500	Impairment loss on financial assets	0	157,082
A23700	Impairment loss on non-financial assets	0	138,896
A20010	Total adjustments to reconcile profit (loss)	31,825,655	17,983,192
	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	5,712,365	9,521,007
A31130	Decrease (increase) in notes receivable	(87,046)	375,898
A31150	Decrease (increase) in accounts receivable	311,128,001	34,947,002
A31160	Decrease (increase) in accounts receivable due from related parties	3,735,107	(4,798,827)
A31180	Decrease (increase) in other receivable	(9,408,360)	1,495,851
A31200	Adjustments for decrease (increase) in inventories	(192,220,122)	(64,940,236)
A31230	Decrease (increase) in prepayments	(516,183)	(269,983)
A31000	Total changes in operating assets	118,343,762	(23,669,288)
	Changes in operating liabilities
A32125	Increase (decrease) in contract liabilities	4,343,987	1,611,510
A32150	Increase (decrease) in accounts payable	(13,862,850)	69,753,136
A32160	Increase (decrease) in accounts payable to related parties	(6,652,426)	783,829
A32180	Increase (decrease) in other payable	8,754,103	1,505,327
A32200	Increase (decrease) in provisions	(77,910)	(3,105,276)
A32230	Adjustments for increase (decrease) in other current liabilities	12,337,125	3,902,134
A32240	Increase (decrease) in net defined benefit liability	146,531	(223,004)
A32000	Total changes in operating liabilities	4,988,560	74,227,656
A30000	Total changes in operating assets and liabilities	123,332,322	50,558,368
A20000	Total adjustments	155,157,977	68,541,560
A33000	Cash inflow (outflow) generated from operations	238,849,286	169,635,601
A33500	Income taxes refund (paid)	(23,916,992)	(33,671,428)
AAAA	Net cash flows from (used in) operating activities	214,932,294	135,964,173
	Cash flows from (used in) investing activities
B00010	Acquisition of financial assets at fair value through other comprehensive income	(3,011,823)	(1,931,199)
B00020	Proceeds from disposal of financial assets at fair value through other comprehensive income	3,206,871	864,354
B00040	Acquisition of financial assets at amortised cost	(12,067,259)	(1,366,418)
B00060	Proceeds from repayments of financial assets at amortised cost	1,279,800	1,369,020
B00100	Acquisition of financial assets at fair value through profit or loss	(8,347,116)	(19,364,359)
B00200	Proceeds from disposal of financial assets at fair value through profit or loss	2,493,641	12,590,164
B01800	Acquisition of investments accounted for using equity method	(681,368)	(1,252,627)
B01900	Proceeds from disposal of investments accounted for using equity method	496,722	0
B02200	Net cash flow from acquisition of subsidiaries	(1,141,675)	(3,286,252)
B02700	Acquisition of property, plant and equipment	(49,003,509)	(58,878,445)
B02800	Proceeds from disposal of property, plant and equipment	2,534,904	2,122,108
B04400	Decrease in other receivables due from related parties	16,025,396	27,157,760
B04500	Acquisition of intangible assets	(671,586)	(49,624)
B05350	Acquisition of use-of-right assets	(774,837)	(264,462)
B06800	Decrease in other non-current assets	1,400,403	312,170
B07500	Interest received	48,832,802	55,604,512
B07600	Dividends received	8,511,162	10,291,713
B09900	Other investing activities	348,479	0
BBBB	Net cash flows from (used in) investing activities	9,431,007	23,918,415
	Cash flows from (used in) financing activities
C00100	Increase in short-term loans	54,507,172	0
C00200	Decrease in short-term loans	0	(104,418,467)
C00500	Increase in short-term notes and bills payable	22,811,117	14,498,375
C01200	Proceeds from issuing bonds	21,050,000	31,060,000
C01300	Repayments of bonds	(28,985,276)	(6,900,000)
C01600	Proceeds from long-term debt	1,203,445	19,827,589
C01700	Repayments of long-term debt	(5,208,949)	(948,194)
C04020	Payments of lease liabilities	(6,330,697)	(3,650,739)
C04300	Increase in other non-current liabilities	335,339	0
C04400	Decrease in other non-current liabilities	0	(131,598)
C04500	Cash dividends paid	(58,224,561)	(55,451,962)
C05600	Interest paid	(46,257,075)	(50,971,434)
C05800	Change in non-controlling interests	(1,987,711)	7,464,060
CCCC	Net cash flows from (used in) financing activities	(47,087,196)	(149,622,370)
DDDD	Effect of exchange rate changes on cash and cash equivalents	(16,621,922)	(10,369,550)
EEEE	Net increase (decrease) in cash and cash equivalents	160,654,183	(109,332)
E00100	Cash and cash equivalents at beginning of period	857,864,362	788,662,325
E00200	Cash and cash equivalents at end of period	1,018,518,545	788,552,993
E00210	Cash and cash equivalents reported in the statement of financial position	1,018,518,545	788,552,993

Unit: NT$ thousands

Statements of Change in Equity

		3110	3100	3200	3310	3320	3350	3300	3410	3420	3400	3500	31XX	36XX	3XXX
		Ordinary share	Total share capital	Capital surplus	Legal reserve	Special reserve	Unappropriated retained earnings (accumulated deficit)	Total retained earnings	Exchange differences on translation of foreign financial statements	Unrealised gains (losses) on financial assets measured at fair value through other comprehensive income	Total other equity interest	Treasury shares	Total equity attributable to owners of parent	Non-controlling interests	Total equity
A1	Equity at beginning of period	138,629,906	138,629,906	199,383,371	149,512,874	60,309,927	794,615,182	1,004,437,983	(113,889,466)	11,437,746	(102,451,720)	(15,194)	1,239,984,346	159,641,071	1,399,625,417
B1	Legal reserve appropriated	0	0	0	11,530,874	0	(11,530,874)	0	0	0	0	0	0	0	0
B3	Special reserve appropriated	0	0	0	0	42,141,793	(42,141,793)	0	0	0	0	0	0	0	0
B5	Cash dividends of ordinary share	0	0	0	0	0	(58,224,561)	(58,224,561)	0	0	0	0	(58,224,561)	0	(58,224,561)
C7	Changes in equity of associates and joint ventures accounted for using equity method	0	0	(500,891)	0	0	(6,557)	(6,557)	0	0	0	0	(507,448)	0	(507,448)
D1	Profit (loss)	0	0	0	0	0	55,818,855	55,818,855	0	0	0	0	55,818,855	5,971,271	61,790,126
D3	Other comprehensive income	0	0	0	0	0	0	0	(25,498,918)	(4,096,708)	(29,595,626)	0	(29,595,626)	(2,793,298)	(32,388,924)
D5	Total comprehensive income	0	0	0	0	0	55,818,855	55,818,855	(25,498,918)	(4,096,708)	(29,595,626)	0	26,223,229	3,177,973	29,401,202
M7	Changes in ownership interests in subsidiaries	0	0	3,408,846	0	0	0	0	0	0	0	0	3,408,846	0	3,408,846
O1	Changes in non-controlling interests	0	0	0	0	0	0	0	0	0	0	0	0	(1,987,711)	(1,987,711)
Q1	Disposal of investments in equity instruments designated at fair value through other comprehensive income	0	0	0	0	0	(4,170,365)	(4,170,365)	0	4,170,365	4,170,365	0	0	0	0
Y1	Total increase (decrease) in equity	0	0	2,907,955	11,530,874	42,141,793	(60,255,295)	(6,582,628)	(25,498,918)	73,657	(25,425,261)	0	(29,099,934)	1,190,262	(27,909,672)
Z1	Equity at end of period	138,629,906	138,629,906	202,291,326	161,043,748	102,451,720	734,359,887	997,855,355	(139,388,384)	11,511,403	(127,876,981)	(15,194)	1,210,884,412	160,831,333	1,371,715,745

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QRTFFDSUDESSEFF

RNS metadata

Title: 2020 3rd Quarter Results
Time: 09:17:49
Date: 13 Nov 2020
Category: Results
ID: 2577F