SILICONWARE PRECISION INDUSTRIES CO, LTD TAICHUNG, Oct. 6, 2015 /PRNewswire/ -- Siliconware Precision Industries Co., Ltd. ("SPIL" or the "Company") (Taiwan Stock Exchange: 2325, NASDAQ: SPIL) today announced that its consolidated sales revenues for the third quarter of 2015 were NT$ 20,030 million, which represented a 5.7% decline in revenues compared to the second quarter of 2015 and a 7.5% decline in revenues compared to the third quarter of 2014. SPIL reported a net income of NT$ 2,682 million for the third quarter of 2015, compared with a net income of NT$ 3,677 million and a net income of NT$ 3,260 million for the second quarter of 2015 and the third quarter of 2014, respectively.
Diluted earnings per ordinary share for this quarter was NT$ 0.86, and diluted earnings per ADS was US$ 0.13.
All figures were prepared in accordance with T-IFRS on a consolidated basis.
For more information, please visit: http://photos.prnasia.com/prnk/20151006/8521506617
Contact:
Siliconware Precision Industries Co., Ltd.
No.45, Jieh Show Rd.
Hsinchu Science Park, Hsinchu
Taiwan, 30056
www.spil.com.tw
Janet Chen, IR Director
janet@spil.com.tw
+886-3-5795678#3675
Byron Chiang, Spokesperson
byronc@spil.com.tw
+886-3-5795678#3671
- Tables to follow -
SILICONWARE PRECISION INDUSTRIES CO., LTD.
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CONSOLIDATED BALANCE SHEET (UNAUDITED)
-------------------------------------
As of Sept 30, 2015 and 2014
(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))
Sept 30,2015 Sept 30,2014 Sequential
------------- ------------- ----------
ASSETS USD NTD % NTD % Change %
------ --- --- --- --- --- ------ ---
Current Assets
Cash and cash equivalent 682,587 22,436,629 19 20,138,596 18 2,298,033 11
Accounts receivable 519,187 17,065,686 14 18,926,743 17 (1,861,057) -10
Inventories 130,634 4,293,936 4 4,440,428 4 (146,492) -3
Other current assets 55,700 1,830,864 1 1,819,328 1 11,536 1
--- ---
Total current assets 1,388,108 45,627,115 38 45,325,095 40 302,020 1
--------- ---------- --- ---------- --- ------- ---
Non-current Assets
Available-for-sale financial assets 196,284 6,451,861 5 8,477,221 8 (2,025,360) -24
Long-term investment under equity method 1,257 41,318 - 135,709 - (94,391) -70
Property, plant and equipment 1,995,564 65,594,191 55 57,652,745 51 7,941,446 14
Intangible assets 6,179 203,097 - 274,240 - (71,143) -26
Other assets 54,284 1,784,320 2 1,496,319 1 288,001 19
------ --------- --- --------- --- ------- ---
Total non-current assets 2,253,568 74,074,787 62 68,036,234 60 6,038,553 9
Total Assets 3,641,676 119,701,902 100 113,361,329 100 6,340,573 6
============ ========= =========== === =========== === ========= ===
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
Liabilities
-----------
Current Liabilities
Short-term loans 85,000 2,793,950 2 2,585,700 2 208,250 8
Financial liabilities at fair value through profit or loss-current 11,377 373,971 - - - 373,971 -
Accounts payable 196,168 6,448,043 5 7,624,719 7 (1,176,676) -15
Current portion of long-term debt 123,934 4,073,723 3 6,805,331 6 (2,731,608) -40
Other current liability 426,184 14,008,667 13 12,617,537 11 1,391,130 11
Non-current Liabilities
Bonds payable 382,311 12,566,577 11 - - 12,566,577 -
Long-term loans 267,088 8,779,183 7 14,182,351 13 (5,403,168) -38
Other liabilities 43,172 1,419,040 1 1,362,088 1 56,952 4
Total Liabilities 1,535,234 50,463,154 42 45,177,726 40 5,285,428 12
------------------ --------- ---------- --- ---------- --- --------- ---
Stockholders' Equity
--------------------
Capital stock 948,087 31,163,611 26 31,163,611 27 - -
Capital reserve 479,806 15,771,210 13 15,771,441 14 (231) -
Legal reserve 303,248 9,967,775 8 8,797,005 8 1,170,770 13
Retained earnings 308,281 10,133,190 9 8,663,479 8 1,469,711 17
Other equity 67,020 2,202,962 2 3,788,067 3 (1,585,105) -42
Total Equity 2,106,442 69,238,748 58 68,183,603 60 1,055,145 2
------------ --------- ---------- --- ---------- --- --------- ---
Total Liabilities & Shareholders' Equity 3,641,676 119,701,902 100 113,361,329 100 6,340,573 6
======================================== ========= =========== === =========== === ========= ===
Forex ( NT$ per US$ ) 32.87 30.420
----- ------
(1)All figures are under T-IFRS.
(2)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed balance sheets of Sept 30, 2014 have been updated accordingly.
SILICONWARE PRECISION INDUSTRIES CO., LTD.
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CONSOLIDATED INCOME STATEMENT (UNAUDITED)
----------------------------------------
(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))
3 months ended on Spet 30 Sequential Comparison
------------------------- ---------------------
Non-operating Items 3Q2015 3Q 2014 YOY 3Q 2015 2Q 2015 QOQ
USD NTD % NTD change % NTD NTD change %
--- --- --- --- ------- --- --- -------
Revenues 626,418 20,029,703 100.0 21,652,107 -7.5 20,029,703 21,240,037 -5.7
Cost of Goods Sold (471,935) (15,090,116) -75.3 (16,100,965) -6.3 (15,090,116) (15,459,056) -2.4
Gross Profit 154,483 4,939,587 24.7 5,551,142 -11.0 4,939,587 5,780,981 -14.6
------- --------- ---- --------- ----- --------- --------- -----
Operating Expenses
Selling Expenses (7,620) (243,652) -1.2 (250,950) -2.9 (243,652) (259,626) -6.2
Administrative Expenses (25,056) (801,151) -4.0 (708,279) 13.1 (801,151) (941,586) -14.9
Research and Development Expenses (30,209) (965,931) -4.9 (964,576) 0.1 (965,931) (984,176) -1.9
--- ----
(62,885) (2,010,734) -10.1 (1,923,805) 4.5 (2,010,734) (2,185,388) -8.0
------- ---------- ----- ---------- --- ---------- ---------- ----
Operating Income 91,598 2,928,853 14.6 3,627,337 -19.3 2,928,853 3,595,593 -18.5
Non-operating Items 3,812 121,878 0.6 341,007 -64.3 121,878 736,825 -83.5
----- ------- --- ------- ----- ------- ------- -----
Income Before Income Tax 95,410 3,050,731 15.2 3,968,344 -23.1 3,050,731 4,332,418 -29.6
Income Tax Expenses (11,522) (368,427) -1.8 (708,168) -48.0 (368,427) (654,928) -43.7
------- -------- ---- -------- -------- -------- -----
Net Income 83,888 2,682,304 13.4 3,260,176 -17.7 2,682,304 3,677,490 -27.1
====== ========= ==== ========= ===== ========= ========= =====
Other comprehensive income
Exchange difference on translation of foreign financial statements 8,099 258,970 180,012 (97,201)
Unrealized loss on available-for-sale financial assets (51,759) (1,655,007) (1,419,352) (1,364,486)
Income tax relating to items that may be reclassified to profits or loss 949 30,363 120,186 20,610
--- ------ ------- ------
Total other comprehensive income (42,711) (1,365,674) (1,119,154) (1,441,077)
Total comprehensive income 41,177 1,316,630 2,141,022 2,236,413
====== ========= ========= =========
Earnings Per Ordinary Share-Basic NT$ 0.86 NT$ 1.05 NT$ 1.18
------------ ------------ ------------
Earnings Per Ordinary Share- Diluted NT$ 0.86 NT$ 1.04 NT$ 0.93
------------ ------------ ------------
Earnings Per ADS- Diluted US$ 0.13 US$ 0.17 US$ 0.15
------------ ------------ ------------
Weighted Average Outstanding Shares - Diluted ('k) 3,129,886 3,125,037 3,374,893
--------- --------- ---------
Forex ( NT$ per US$ ) 31.975 30.01 30.835
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(1) All figures are under TIFRS.
(2) 1 ADS is equivalent to 5 Common Shares.
(3)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed Income Statement of Sept 30, 2014 have been updated accordingly.
SILICONWARE PRECISION INDUSTRIES CO., LTD.
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CONSOLIDATED INCOME STATEMENT (UNAUDITED)
----------------------------------------
For the nine Months Ended on Sept 30, 2015 and 2014
(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))
9 months ended on Sept 30, 2015 and 2014
----------------------------------------
2015 2014 YOY
---- ----
USD NTD % NTD Change %
--- --- --- --- -------
Net Sales 1,975,249 62,074,982 100.0 61,640,526 0.7
Cost of Goods Sold (1,460,508) (45,907,965) -74.0 (46,425,302) -1.1
Gross Profit 514,741 16,167,017 26.0 15,215,224 6.3
------- ---------- ---- ---------- ---
Operating Expenses
Selling expenses (23,921) (751,726) -1.2 (690,430) 8.9
Administrative expenses (81,604) (2,562,713) -4.1 (1,908,678) 34.3
Research and development expenses (90,957) (2,858,895) -4.6 (2,650,855) 7.8
---------- ---- ---------- ---
(196,482) (6,173,334) -9.9 (5,249,963) 17.6
-------- ---------- ---- ---------- ----
Operating Income 318,259 9,993,683 16.1 9,965,261 0.3
Non-operating Items 13,271 403,618 0.6 619,130 -34.8
------ ------- --- ------- -----
Income Before Income Tax 331,530 10,397,301 16.7 10,584,391 -1.8
Income Tax Expenses (45,441) (1,423,007) -2.3 (1,855,247) -23.3
------- ---------- ---------- -----
Net Income 286,089 8,974,294 14.4 8,729,144 2.8
========== ======= ========= ==== ========= ===
Other comprehensive income
Exchange difference on translation of foreign financial statements 142 10,297 113,851
Unrealized gain(loss) on available-for-sale financial assets (81,054) (2,548,042) 2,425,687
Income tax relating to items that may be reclassified to profits or loss 1,425 44,909 63,577
----- ------ ------
Total other comprehensive income (79,487) (2,492,836) 2,603,115
------- ---------- ---------
Total comprehensive income 206,602 6,481,458 11,332,259
======= ========= ==========
Earnings Per Ordinary Share- Basic NT$ 2.88 NT$ 2.80
------------ ------------
Earnings Per Ordinary Share- Diluted NT$ 2.63 NT$ 2.78
------------ ------------
Earnings Per ADS- Diluted US$ 0.42 US$ 0.46
------------ ------------
Weighted Average Outstanding Shares - Diluted ('k) 3,407,264 3,139,434
--------- ---------
Forex ( NT$ per US$) 31.362 30.11
------ -----
(1)All figures are under TIFRS .
(2) 1 ADS is equivalent to 5 Common Shares.
(3)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed Income Statement of Sept 30, 2014 have been
updated accordingly.
SILICONWARE PRECISION INDUSTRIES CO., LTD.
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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
----------------------------------------------------
For 9 Months Ended on Sept 30, 2015 and 2014
(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD))
9 months, 2015 9 months, 2014
-------------- --------------
USD NTD NTD
--- --- ---
Cash Flows from Operating
Activities:
-------------------------
Net income before tax 331,530 10,397,301 10,584,391
Depreciation 307,889 9,678,952 8,748,015
Amortization 14,818 465,771 441,642
Change in working capital &
others (38,399) (1,107,337) (2,969,588)
---------- ----------
Net cash flows provided
from operating activities 615,838 19,434,687 16,804,460
-------------------------- ------- ---------- ----------
Cash Flows from Investing
Activities:
-------------------------
Acquisition of property,
plant, and equipment (342,150) (10,785,106) (10,896,185)
Proceeds from disposal of
available-for-sale
financian assets - - 674,622
Proceeds from disposal of
equipments 3,159 99,610 293,058
Increase of equity
investment - - (63,818)
Payment for other changes (12,479) (392,060) (450,228)
-------- --------
Net cash used in investing
activities (351,470) (11,077,556) (10,442,551)
-------------------------- -------- ----------- -----------
Cash Flows from Financing
Activities:
-------------------------
Proceeds from long-term
loans 46,912 1,500,000 3,850,000
Repayment of long-term
loan (261,535) (8,235,833) (1,589,083)
Cash dividends distributed
to shareholders (292,387) (9,349,083) (5,609,436)
Increase (decrease) in
deposit-in (90) (2,305) 114,399
Net cash used in financing
activities (507,100) (16,087,221) (3,234,120)
-------------------------- -------- ----------- ----------
Foreign currency exchange
effect 319 12,006 35,560
--- ------ ------
Net increase (decrease) in
cash and cash equivalents (242,413) (7,718,084) 3,163,349
-------- ---------- ---------
Cash and cash equivalents
at beginning of period 956,594 30,154,713 16,975,247
-------
Cash and cash equivalents
at end of period 714,181 22,436,629 20,138,596
======= ========== ==========
Forex ( NT$ per US$ ) 31.362 30.11
------ -----
(1) All figures are under
TIFRS.
(2)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact
of newly effected GAAP shall be restroactively applied. The consolidated condensed Cash Flow Statement of Sept 30, 2014 have been
updated accordingly.
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SOURCE Siliconware Precision Industries Co., Ltd.
