CTBC FINANCIAL HOLDING CO., LTD. 1
Stock Code: 5841
CTBC BANK CO., LTD. AND SUBSIDIARIES
Consolidated Financial Statements
With Independent Auditors' Report
For the Years Ended December 31, 2023 and 2022
Address: | No. 166, 168, 170, 186, 188, Jingmao 2nd Rd., Nangang Dist., Taipei City |
115, Taiwan, R.O.C. | |
Telephone: | 886-2-3327-7777 |
The independent auditors' report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors' report and consolidated financial statements, the Chinese version shall prevail.
2
Table of contents
Contents | Page | |||
1. | Cover Page | 1 | ||
2. | Table of Contents | 2 | ||
3. | Representation Letter | 3 | ||
4. | Independent Auditors' Report | 4 | ||
5. | Consolidated Balance Sheets | 5 | ||
6. | Consolidated Statements of Comprehensive Income | 6 | ||
7. | Consolidated Statements of Changes in Equity | 7 | ||
8. | Consolidated Statements of Cash Flows | 8 | ||
9. | Notes to the Consolidated Financial Statements | |||
(1) | Company history | 9～11 | ||
(2) | Approval date and procedures of the consolidated financial statements | 11 | ||
(3) | New standards, amendments and interpretations adopted | 11～12 | ||
(4) | Summary of material accounting policies | 12～30 | ||
(5) | Significant accounting assumptions and judgments, and major sources | 30～31 | ||
of estimation uncertainty | ||||
(6) | Explanation of significant accounts | 32～130 | ||
(7) | Related-party transactions | 131～144 | ||
(8) | Pledged assets | 144 | ||
(9) | Commitments and contingencies | 145～153 | ||
(10) | Losses Due to Major Disasters | 153 | ||
(11) | Subsequent Events | 153 | ||
(12) | Other | 154 | ||
(13) | Other disclosures | |||
(a) Information on significant transactions | 155～157 | |||
(b) Information on investees | 157～158 | |||
(c) Information on investment in mainland China | 158～159 | |||
(14) | Segment information | 160～161 |
3
Representation Letter
The entities that are required to be included in the consolidated financial statements of CTBC Bank Co., Ltd. for the year ended December 31, 2023 under the Criteria Governing the Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises are the same as those included in the consolidated financial statements prepared in conformity with International Financial Reporting Standard No. 10 " Consolidated Financial Statements" , endorsed by the Financial Supervisory Commission of the Republic of China. In addition, the information required to be disclosed in the consolidated financial statements of the affiliates is fully included in the consolidated financial statements. Consequently, CTBC Bank Co., Ltd. and subsidiaries do not prepare a separate set of consolidated financial statements of the affiliated enterprises.
Company name: CTBC Bank Co., Ltd.
Chairman: Li, Ming-Shieh
Date: March 14, 2024
4
Independent Auditors' Report
To the Board of Directors of CTBC Bank Co., Ltd.:
Opinion
We have audited the consolidated financial statements of CTBC Bank Co., Ltd. ("the Bank") and its subsidiaries
- which comprise the consolidated balance sheets as of December 31, 2023 and 2022, the consolidated statements of comprehensive income, changes in stockholders' equity and cash flows for the years ended December 31, 2023 and 2022, and notes to the consolidated financial statements, including a summary of material accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Bank and its subsidiaries as at December 31, 2023 and 2022, and its consolidated financial performance and its consolidated cash flows for the years ended December 31, 2023 and 2022. The consolidated financial statements for the year ended December 31, 2023 were prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Public Banks, Regulations Governing the Preparation of Financial Reports by Securities Firms and International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), interpretations and pronouncements as endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China; the consolidated financial statements for the year ended December 31, 2022 were prepared in accordance with the Regulations Governing the Preparation of Financial Reports by Public Banks, Regulations Governing the Preparation of Financial Reports by Securities Firms, Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants and International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), interpretations and pronouncements as endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.
Basis for Opinion
We conducted our audit of the consolidated financial statements in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants, Jin Kuan Yin No. 10802731571 issued by the Financial Supervisory Commission, and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the consolidated Financial Statements section of our report. We are independent of the Bank and its subsidiaries in accordance with the Certified Public Accountants Code of Professional Ethics in Republic of China ("the Code"), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.
Emphasis of Matter
The judicial cases are stated in Note 9(c). Part of judicial cases are still under investigation by the judiciary, and the results remain uncertain. Our opinion is not modified in respect of this matter.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements for the year ended December 31, 2023. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. In our judgment, the key audit matters which should communicate through the auditors' report were as follows:
4-1
-
Assessment of the fair value of financial instruments
Please refer to Note 4(f) for the related accounting policies of the assessment of the fair value of financial instruments, Note 5 for the accounting assumptions and estimation uncertainty, and Note 6(aq) for the other details.
Description of key audit matter:
Parts of the financial instruments owned by the Bank and its subsidiaries as of December 31, 2023 were valued via evaluation model due to the lack of transaction prices at active market, and parts of the referred input values could not be obtained from the public market. Thus, it demands significant professional judgments from the management by using different valuation techniques and assumptions for input values. Therefore, the assessment of fair value of financial instruments is one of the key audit matters.
How the matter was addressed in our audit:
Our principal audit procedures included: Testing the management' s control procedures over the classification, measurement and disclosure of fair value of financial instruments, including evaluating how the management determines the classification of financial instruments, choosing the appropriate evaluation method and deciding the prime parameter hypothesis, and confirming that the presentation and disclosure of financial instruments are in accordance with the International Financial Reporting Standards (IFRSs). For financial instruments with active market prices, we used sampling test to assess the appropriateness of public quoted prices. As to financial instruments using evaluation model to measure their fair value, we used sampling test to confirm the appropriateness of the evaluation method and the prime input values used by the management. - Impairment of loans and receivables
Please refer to Note 4(f) for the related accounting policies of impairment of loans and receivables, Note 5 for the accounting assumptions and estimation uncertainty, and Note 6(h), (i), (j) and (aq) for the other details.
Description of key audit matter:
The management assessed the expected credit loss (ECL) of loans and receivables by identifying whether the credit risk of credit assets has significantly increased since initial recognition, then dividing ECL into 12- month ECL and lifetime ECL, and dividing them into collective assessment and individual assessment to measure them by using different impairment methods. For collective assessment, the impairment is calculated by establishing an impairment model and using the past loss experience, current market conditions and forward-looking estimation on assets with similar credit risk characteristic to form basic estimation. For individual assessment, the measurement is based on expected future recoverable cash flows. The aforementioned measurement methods involved significant professional judgments and estimation by the management; therefore, the impairment of loans and receivables is one of the key audit matters.
How the matter was addressed in our audit:
Our principal audit procedures included: Understanding the methodology and related control procedures on how the management assesses and measures the impairment amount of loans and receivables. For collective assessment, we assessed the impairment model adopted by the management and reviewed the appropriateness of the calculation of the impairment parameters (including probability of default, loss given default, exposure at default and recovery rate) via sampling. For individual assessment, we used sampling test to assess the appropriateness of the estimation of future recoverable amounts and the value of collateral. Meanwhile, we assessed whether the allowance for loans and receivables meets the regulation requirement.
4-2
Other Matter
Individual financial statements of the Bank were additionally prepared, and we have expressed an unqualified opinion with emphasis of matter and other matter on it for user reference.
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 for the year ended December 31, 2023 in accordance with the Regulations Governing the Preparation of Financial Reports by Public Banks, Regulations Governing the Preparation of Financial Reports by Securities Firms and International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), interpretations and pronouncements as endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and the preparation and fair presentation of the consolidate financial statements for the year ended December 31, 2022 in accordance with the Regulations Governing the Preparation of Financial Reports by Public Banks, Regulations Governing the Preparation of Financial Reports by Securities Firms, Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants and International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), interpretations and pronouncements as 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.
In preparing the consolidated financial statements, management is responsible for assessing the Bank and its subsidiaries' 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 Bank and its subsidiaries or to cease operations, or has no realistic alternative but to do so.
Those charged with governance (including audit committee) are responsible for overseeing the Bank and its subsidiaries' 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 Bank and its subsidiaries' internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
4-3
- 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 Bank and its subsidiaries' 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 Bank and its subsidiaries 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 the entities or business activities within the Bank and its subsidiaries to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the audit and developing the Bank and its subsidiaries' audit opinion.
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 of the current period 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 audit resulting in this independent auditors' report are Chen, Chun-Kuang and Chen, Fu-Jen.
KPMG
Taipei, Taiwan (Republic of China)
March 14, 2024
Notes to Readers
The accompanying consolidated financial statements are intended only to present the consolidated statement of financial position, financial performance and cash flows in accordance with the 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 accepted and applied in the Republic of China.
The independent auditors' audit report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors' audit report and consolidated financial statements, the Chinese version shall prevail.
5
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
CTBC BANK CO., LTD. AND SUBSIDIARIES
Consolidated Balance Sheets
December 31, 2023 and 2022
(Expressed in Thousands of New Taiwan Dollars)
December 31, 2023 | December 31, 2022 | |||||||||
ASSETS | Amount | % | Amount | % | ||||||
11000 | Cash and cash equivalents (note 4, 6(a) and (f), and 7) | $ | 76,976,809 | 1 | 83,113,633 | 2 | ||||
11500 | Due from Central Bank and call loans to banks (note 6(b) and 7) | 557,119,951 | 9 | 496,634,588 | 9 | |||||
12000 | Financial assets measured at fair value through profit or loss (note 4, 6(c), | 429,175,757 | 7 | 209,728,802 | 4 | |||||
(u) and (aq), and 7) | ||||||||||
12100 | Financial assets measured at fair value through other comprehensive income | 274,988,259 | 5 | 232,273,806 | 4 | |||||
(note 4, 6(d), (u) and (aq), and 8) | ||||||||||
12200 | Investment in debt instruments at amortized cost (note 4, 6(e), (u) and (aq), | 863,706,956 | 14 | 980,645,990 | 18 | |||||
and 8) | ||||||||||
12300 | Financial assets-hedging (note 4, 6(f) and (aq)) | 298,360 | - | 18,389 | - | |||||
12500 | Securities purchased under resell agreements (note 4, 6(g), and 7) | 42,052,943 | 1 | 10,141,185 | - | |||||
13000 | Receivables-net (note 4, 6(h), (j) and (aq), 7 and 8) | 189,142,788 | 3 | 168,442,073 | 3 | |||||
13200 | Current income tax assets (note 4) | 1,474,531 | - | 1,075,676 | - | |||||
13500 | Loans-net (note 4, 6(i), (j) and (aq), 7 and 8) | 3,456,020,602 | 57 | 3,210,623,468 | 57 | |||||
15000 | Investment under equity method-net (note 4 and 6(k)) | 3,588,167 | - | 3,112,237 | - | |||||
15500 | Other financial assets-net (note 4, 6(j), (m) and (aq), and 8) | 1,933,876 | - | 2,196,120 | - | |||||
18500 | Premises and equipment-net (note 4 and 6(o)) | 40,909,148 | 1 | 41,041,630 | 1 | |||||
18600 | Right-of-useassets-net (note 4 and 6(p)) | 17,726,506 | - | 17,161,009 | - | |||||
18700 | Investment property-net (note 4 and 6(n)) | 4,773,557 | - | 4,819,089 | - | |||||
19000 | Intangible assets-net (note 4 and 6(q)) | 30,294,053 | 1 | 30,389,881 | 1 | |||||
19300 | Deferred tax assets (note 4 and 6(ae)) | 12,033,553 | - | 10,472,858 | - | |||||
19500 | Other assets-net (note 4 and 6(r)) | 44,080,746 | 1 | 35,282,300 | 1 |
TOTAL ASSETS | $ 6,046,296,562 100 5,537,172,734 100 | |||||||
LIABILITIES AND EQUITY | December 31, 2023 | December 31, 2022 | |||||||||||
Amount | % | Amount | % | ||||||||||
Liabilities: | |||||||||||||
21000 | Deposits from Central Bank and other banks (note 6(s) and 7) | $ | 93,282,929 | 2 | 97,583,731 | 2 | |||||||
21500 | Due to Central Bank and other banks (note 6(t)) | 18,694,367 | - | 16,612,984 | - | ||||||||
22000 | Financial liabilities measured at fair value through profit or loss (note 4, 6(c) | 77,048,779 | 1 | 71,038,076 | 1 | ||||||||
and (aq), and 7) | |||||||||||||
22300 | Financial liabilities-hedging (note 4, 6(f) and (aq)) | 39,720 | - | 503,026 | - | ||||||||
22500 | Securities sold under repurchase agreements (note 4 and 6(u)) | 203,950,225 | 3 | 133,892,143 | 2 | ||||||||
23000 | Payables (note 6(v) and 7) | 98,275,359 | 2 | 87,328,626 | 2 | ||||||||
23200 | Current income tax liabilities (note 4) | 6,844,803 | - | 5,401,616 | - | ||||||||
23500 | Deposits and remittances (note 6(w) and 7) | 5,000,082,385 | 84 | 4,614,615,833 | 84 | ||||||||
24000 | Financial debentures (note 6(c) and (x)) | 53,453,643 | 1 | 55,431,884 | 1 | ||||||||
25513 | Commercial papers issued-net (note 6(y)) | 5,865,460 | - | 2,659,613 | - | ||||||||
25597 | Other financial liabilities (note 6(z)) | 63,296,876 | 1 | 50,565,469 | 1 | ||||||||
25600 | Provisions (note 4, 6(j), (aa) and (ad)) | 4,675,120 | - | 4,814,272 | - | ||||||||
26000 | Lease liabilities (note 4, 6(ac) and 7) | 16,357,527 | - | 15,570,532 | - | ||||||||
29300 | Deferred tax liabilities (note 4 and 6(ae)) | 5,195,124 | - | 3,856,659 | - | ||||||||
29500 | Other liabilities (note 6(ab)) | 17,921,938 | - | 16,290,299 | - | ||||||||
Total Liabilities | 5,664,984,255 | 94 | 5,176,164,763 | 93 | |||||||||
Stockholders' Equity - Parent Company: | |||||||||||||
Capital stock: | |||||||||||||
31101 | Common stock (note 6(af)) | 147,962,186 | 2 | 147,962,186 | 3 | ||||||||
31500 | Capital surplus (note 6(af)) | 30,139,671 | - | 29,872,413 | 1 | ||||||||
Retained earnings: | |||||||||||||
32001 | Legal reserve | 127,316,868 | 2 | 116,085,819 | 2 | ||||||||
32003 | Special reserve | 30,273,312 | 1 | 25,767,513 | - | ||||||||
32005 | Undistributed earnings (note 6(af)) | 40,812,502 | 1 | 37,436,876 | 1 | ||||||||
32500 | Other equity interest (note 6(af)) | (18,713,225) | - | (19,433,920) | - | ||||||||
38000 | Non-controlling interests (note 6(l)) | 23,520,993 | - | 23,317,084 | - | ||||||||
Total Equity | 381,312,307 | 6 | 361,007,971 | 7 | |||||||||
TOTAL LIABILITIES AND EQUITY | $ | 6,046,296,562 | 100 | 5,537,172,734 | 100 |
See accompanying notes to consolidated financial statements.
6
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
CTBC BANK CO., LTD. AND SUBSIDIARIES
Consolidated Statements of Comprehensive Income
For the years ended December 31, 2023 and 2022
(Expressed in Thousands of New Taiwan Dollars, Except for Earnings Per Share)
2023 | 2022 | Change | |||||||||||||
41000 | Interest income (note 6(aj) and 7) | Amount | % | Amount | % | % | |||||||||
$ | 163,589,766 | 120 | 105,887,992 | 91 | 54 | ||||||||||
51000 | Less: Interest expenses (note 6(aj) and 7) | (85,810,569) | (62) | (30,802,029) | (26) | 179 | |||||||||
Net interest income (note 6(aj)) | 77,779,197 | 58 | 75,085,963 | 65 | 4 | ||||||||||
Net non-interest income | |||||||||||||||
49100 | Service fee and commission income (note 6(ak) and 7) | 39,170,830 | 28 | 34,748,164 | 29 | 13 | |||||||||
49200 | Gains on financial assets or liabilities measured at fair value through profit or loss (note 6(al)) | 18,559,952 | 13 | 7,599,644 | 6 | 144 | |||||||||
49310 | Realized gains on financial assets measured at fair value through other comprehensive income | 1,745,689 | 1 | 336,496 | - | 419 | |||||||||
49450 | Gains on derecognition of financial assets measured at amortized cost (note 6(e)) | 23,323 | - | 52,274 | - | (55) | |||||||||
49600 | Foreign exchange gains | 1,399,110 | 1 | 1,737,125 | 1 | (19) | |||||||||
49700 | Provision for impairment losses on assets | (597,995) | - | (33,131) | - | (1,705) | |||||||||
49750 | Proportionate share of gains from associates or joint ventures under equity method (note 6(k)) | 366,681 | - | 180,227 | - | 103 | |||||||||
49800 | Other net non-interest income | 2,064,896 | 1 | 1,624,622 | 1 | 27 | |||||||||
49815 | (Losses) gains on investment property | (16,214) | - | 135,227 | - | (112) | |||||||||
49899 | Public-welfare lottery payment | (2,700,000) | (2) | (2,700,000) | (2) | - | |||||||||
Net revenue | 137,795,469 | 100 | 118,766,611 | 100 | 16 | ||||||||||
58200 | Provision for bad debt expenses, commitment and guarantee liability provision (note 6(j)) | (8,763,521) | (6) | (8,177,843) | (7) | 7 | |||||||||
Operating expenses: | |||||||||||||||
58500 | Employee benefits expenses (note 6(am) and (ao)) | (40,375,126) | (29) | (32,765,305) | (28) | 23 | |||||||||
59000 | Depreciation and amortization expenses (note 6(an)) | (7,183,320) | (5) | (7,023,618) | (6) | 2 | |||||||||
59500 | Other general and administrative expenses (note 6(ap) and 7) | (28,448,599) | (21) | (23,362,240) | (20) | 22 | |||||||||
Total operating expenses | (76,007,045) | (55) | (63,151,163) | (54) | 20 | ||||||||||
Net income before tax from continuing operations | 53,024,903 | 39 | 47,437,605 | 39 | 12 | ||||||||||
61003 | Less: Income tax expenses (note 6(ae)) | 10,238,067 | 7 | 8,958,641 | 8 | 14 | |||||||||
Net income | 42,786,836 | 32 | 38,478,964 | 31 | 11 | ||||||||||
65000 | Other comprehensive income: | ||||||||||||||
65200 | Items that will not be reclassified subsequently to profit or loss | ||||||||||||||
65201 | Remeasurement (losses) gains related to defined benefit plans | (42,212) | - | 408,611 | - | (110) | |||||||||
65205 | Changes in designated as financial liabilities measured at fair value through profit or loss attributable to | (361,105) | - | 2,329,242 | 2 | (116) | |||||||||
65204 | credit risk | (1,296,433) | (1) | (3,902,920) | (3) | 67 | |||||||||
Unrealized losses from investments in equity instruments measured at fair value through other | |||||||||||||||
65206 | comprehensive income | 3,270 | - | (2,420) | - | 235 | |||||||||
Proportionate share of other comprehensive income (losses) from associates or joint ventures under the | |||||||||||||||
65220 | equity method - Items that will not be reclassified subsequently to profit or loss | (388,038) | - | 449,017 | - | (186) | |||||||||
Less: Income tax related to items that will not be reclassified to profit or loss | |||||||||||||||
Subtotal | 19 | ||||||||||||||
65300 | (1,308,442) | (1) | (1,616,504) | (1) | |||||||||||
Items that are or may be reclassified subsequently to profit or loss | |||||||||||||||
65301 | Exchange differences of overseas subsidiaries' financial reports translation | (1,901,132) | (1) | 6,098,642 | 6 | (131) | |||||||||
65308 | Unrealized gains (losses) from investments in debt instruments measured at fair value through other | 1,820,875 | 1 | (8,448,201) | (7) | 122 | |||||||||
65306 | comprehensive income | 182,935 | - | (532,867) | - | 134 | |||||||||
Proportionate share of other comprehensive income (losses) from associates or joint ventures under the | |||||||||||||||
65320 | equity method - Items that are or may be reclassified subsequently to profit or loss | (256,841) | - | (231,290) | - | (11) | |||||||||
Less: Income tax related to items that are or may be reclassified to profit or loss | |||||||||||||||
Subtotal | 114 | ||||||||||||||
359,519 | - | (2,651,136) | (1) | ||||||||||||
65000 | Other comprehensive incomes (losses) | 78 | |||||||||||||
(948,923) | (1) | (4,267,640) | (2) | ||||||||||||
66000 | Total comprehensive income | $ | 41,837,913 | 31 | 34,211,324 | 29 | 22 | ||||||||
Net Income attributable to: | |||||||||||||||
67101 | Parent company | $ | 41,332,709 | 31 | 37,141,880 | 30 | 11 | ||||||||
67111 | Non-controlling interest | $ | 1,454,127 | 1 | 1,337,084 | 1 | 9 | ||||||||
42,786,836 | 32 | 38,478,964 | 31 | 11 | |||||||||||
Comprehensive income attributable to: | |||||||||||||||
67301 | Parent company | $ | 41,533,155 | 31 | 32,931,107 | 27 | 26 | ||||||||
67311 | Non-controlling interest | $ | 304,758 | - | 1,280,217 | 2 | (76) | ||||||||
41,837,913 | 31 | 34,211,324 | 29 | 22 | |||||||||||
Earnings per share (unit: NT dollars) (note 6(ai)) | $ | ||||||||||||||
2.79 | 2.51 | ||||||||||||||
See accompanying notes to consolidated financial statements.
7
(English Translation of Consolidated Financial Statements Originally Issued in Chinese)
CTBC BANK CO., LTD. AND SUBSIDIARIES Consolidated Statements of Changes in Equity For the years ended December 31, 2023 and 2022 (Expressed in Thousands of New Taiwan Dollars)
Stockholders' Equity - Parent Company | |||||||||||||||||||||||||||||||||||||||||||
Capital stock | Retained earnings | Other equity interest | |||||||||||||||||||||||||||||||||||||||||
Unrealized | Change in | ||||||||||||||||||||||||||||||||||||||||||
gains (losses) on | designated as | ||||||||||||||||||||||||||||||||||||||||||
Exchange | financial assets | financial liabilities | |||||||||||||||||||||||||||||||||||||||||
differences of | measured at fair | measured at fair | |||||||||||||||||||||||||||||||||||||||||
overseas | value through | value through | |||||||||||||||||||||||||||||||||||||||||
subsidiaries' | other | profit or loss | Stockholders' | ||||||||||||||||||||||||||||||||||||||||
Undistributed | financial reports | comprehensive | attributable to | equity-parent | Non-controlling | ||||||||||||||||||||||||||||||||||||||
Balance at January 1, 2022 | Common stock | Capital surplus | Legal reserve | Special reserve | earnings | translation | income | credit risk | company | interests | Total equity | ||||||||||||||||||||||||||||||||
$ | 147,962,186 | 29,808,171 | 107,112,133 | 16,966,072 | 29,912,366 | (16,570,637) | 1,688,088 | (45,651) | 316,832,728 | 22,134,405 | 338,967,133 | ||||||||||||||||||||||||||||||||
Net income | - | - | - | - | 37,141,880 | - | - | - | 37,141,880 | 1,337,084 | 38,478,964 | ||||||||||||||||||||||||||||||||
Other comprehensive income (losses) | - | - | - | - | 324,535 | 4,712,752 | (11,111,453) | 1,863,393 | (4,210,773) | (56,867) | (4,267,640) | ||||||||||||||||||||||||||||||||
Total comprehensive income (losses) | - | - | - | - | 37,466,415 | 4,712,752 | (11,111,453) | 1,863,393 | 32,931,107 | 1,280,217 | 34,211,324 | ||||||||||||||||||||||||||||||||
Appropriation and distribution of retained earnings: | |||||||||||||||||||||||||||||||||||||||||||
Legal reserve appropriated | - | - | 8,973,686 | - | (8,973,686) | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Special reserve appropriated | - | - | - | 8,801,441 | (8,801,441) | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Cash dividends of common share | - | - | - | - | (12,137,190) | - | - | - | (12,137,190) | - | (12,137,190) | ||||||||||||||||||||||||||||||||
Changes in non-controlling interests | - | - | - | - | - | - | - | - | - | (97,538) | (97,538) | ||||||||||||||||||||||||||||||||
Share-based payment transactions | - | 64,242 | - | - | - | - | - | - | 64,242 | - | 64,242 | ||||||||||||||||||||||||||||||||
Disposal of investments in equity instruments designated at | - | - | - | - | (29,588) | - | 29,588 | - | - | - | - | ||||||||||||||||||||||||||||||||
fair value through other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2022 | 147,962,186 | 29,872,413 | 116,085,819 | 25,767,513 | 37,436,876 | (11,857,885) | (9,393,777) | 1,817,742 | 337,690,887 | 23,317,084 | 361,007,971 | ||||||||||||||||||||||||||||||||
Net income | - | - | - | - | 41,332,709 | - | - | - | 41,332,709 | 1,454,127 | 42,786,836 | ||||||||||||||||||||||||||||||||
Other comprehensive income (losses) | - | - | - | - | (36,851) | (1,793,453) | 2,319,634 | (288,884) | 200,446 | (1,149,369) | (948,923) | ||||||||||||||||||||||||||||||||
Total comprehensive income (losses) | - | - | - | - | 41,295,858 | (1,793,453) | 2,319,634 | (288,884) | 41,533,155 | 304,758 | 41,837,913 | ||||||||||||||||||||||||||||||||
Appropriation and distribution of retained earnings: | |||||||||||||||||||||||||||||||||||||||||||
Legal reserve appropriated | - | - | 11,231,049 | - | (11,231,049) | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Special reserve appropriated | - | - | - | 4,505,799 | (4,505,799) | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Cash dividends of common share | - | - | - | - | (21,699,986) | - | - | - | (21,699,986) | - | (21,699,986) | ||||||||||||||||||||||||||||||||
Share-based payment transactions | - | 267,258 | - | - | - | - | - | - | 267,258 | - | 267,258 | ||||||||||||||||||||||||||||||||
Disposal of investments in equity instruments designated at | - | - | - | - | (483,398) | - | 483,398 | - | - | - | - | ||||||||||||||||||||||||||||||||
fair value through other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||
Changes in non-controlling interests | - | - | - | - | - | - | - | - | - | (100,849) | (100,849) | ||||||||||||||||||||||||||||||||
Balance at December 31, 2023 | $ | 147,962,186 | 30,139,671 | 127,316,868 | 30,273,312 | 40,812,502 | (13,651,338) | (6,590,745) | 1,528,858 | 357,791,314 | 23,520,993 | 381,312,307 | |||||||||||||||||||||||||||||||
See accompanying notes to consolidated financial statements.
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CTBC Financial Holding Co. Ltd. published this content on 10 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2024 04:10:07 UTC.
