SILICONWARE PRECISION INDUSTRIES CO, LTD 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
Taichung, Taiwan, October 6, 2015 ─ 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.
2015/7/29 1
SILICONWARE PRECISION INDUSTRIES CO., LTD.
CONS OLIDATED BALANCE S HEET (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 STO CKHO LDERS' EQ UITY
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 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. |
11,377 373,971 ─ ─ ─ 373,971 ─
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.
CONSOLIDATED INCOME STATEMENT (UNAUDITED)
(Expressed in Thousands of Ne w Taiwan Dollars (NTD) and U.S. Dollars (USD))
3 months ended on Spet 30 Sequential Comparison
Non-operating Items
USD
3Q2015
NTD
%
3Q 2014
NTD
YOY
change %
3Q 2015
NTD
2Q 2015
NTD
QOQ
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 Expens es
Selling Expens es
(7,620)
(243,652)
-1.2
(250,950)
-2.9
(243,652)
(259,626)
-6.2
Administrative Expens es
(25,056)
(801,151)
-4.0
(708,279)
13.1
(801,151)
(941,586)
-14.9
Research and Development Expens es
(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 Expens es
(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
All figures are under TIFRS.
1 ADS is equivalent to 5 Common Shares.
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.
SPIL 3Q15
SILICONWARE PRECISION INDUSTRIES CO., LTD. CONSOLIDATED INCOM E STATEM ENT (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 anddevelopment 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 taxrelating 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
All figures are under TIFRS .
1 ADS is equivalent to 5 Common Shares.
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.
CONS OLIDATED S TATEMENTS OF CAS H 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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