HTC Corporation and Subsidiaries
Consolidated Financial Statements for the
Six Months Ended June 30, 2021 and 2020 and Independent Auditors' Review Report
The engagement partners on the reviews resulting in this independent auditors' review report are Chi-Ming Hsu and Kenny Hong.
Deloitte & Touche
Taipei, Taiwan
Republic of China
July 28, 2021
Notice to Readers
The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance and cash flows in accordance with accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to review such consolidated financial statements are those generally applied in the Republic of China.
For the convenience of readers, the independent auditors' review report and the accompanying consolidated financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors' review report and consolidated financial statements shall prevail.
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HTC CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (In Thousands of New Taiwan Dollars)
June 30, 2021 | December 31, 2020 | June 30, 2020 | ||||||||||||||||||
(Reviewed) | (Audited) | (Reviewed) | ||||||||||||||||||
ASSETS | Amount | % | Amount | % | Amount | % | ||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash and cash equivalents (Note 6) | $ | 20,441,167 | 46 | $ | 16,375,830 | 36 | $ | 17,313,929 | 37 | |||||||||||
Financial assets at fair value through profit or loss - current (Note 7) | 100,021 | - | 173,357 | - | 105,706 | - | ||||||||||||||
Financial assets at fair value through other comprehensive income - current (Note 8) | 71,755 | - | 68,774 | - | 2,417,792 | 5 | ||||||||||||||
Notes, trade receivables, net (Note 10) | 595,623 | 1 | 475,713 | 1 | 584,265 | 1 | ||||||||||||||
Other receivables (Note 10) | 68,613 | - | 78,017 | - | 68,815 | - | ||||||||||||||
Current tax assets | 174,041 | - | 242,033 | 1 | 254,483 | 1 | ||||||||||||||
Inventories (Note 11) | 1,688,202 | 4 | 1,527,103 | 4 | 1,617,370 | 3 | ||||||||||||||
Prepayments (Note 12) | 334,789 | 1 | 269,094 | 1 | 343,432 | 1 | ||||||||||||||
Other current financial assets (Notes 9 and 33) | 3,310,604 | 8 | 9,470,781 | 21 | 8,161,193 | 17 | ||||||||||||||
Other current assets | 2,803 | - | 2,225 | - | 1,869 | - | ||||||||||||||
Total current assets | 26,787,618 | 60 | 28,682,927 | 64 | 30,868,854 | 65 | ||||||||||||||
NON-CURRENT ASSETS | ||||||||||||||||||||
Financial assets at fair value through profit or loss - non-current (Note 7) | 341,226 | 1 | 336,918 | 1 | 360,329 | 1 | ||||||||||||||
Financial assets at fair value through other comprehensive income - non-current (Note 8) | 2,328,342 | 5 | 1,560,351 | 4 | 1,634,148 | 4 | ||||||||||||||
Investments accounted for using the equity method (Note 14) | 1,146,262 | 3 | 549,657 | 1 | 552,377 | 1 | ||||||||||||||
Property, plant and equipment (Notes 15, 32 and 33) | 7,704,083 | 17 | 7,666,798 | 17 | 7,671,823 | 16 | ||||||||||||||
Right-of-use assets (Note 16) | 82,629 | - | 139,026 | - | 277,103 | 1 | ||||||||||||||
Investment properties, net (Notes 17 and 33) | 2,390,239 | 5 | 2,181,884 | 5 | 2,045,400 | 4 | ||||||||||||||
Intangible assets (Note 18) | 34,224 | - | 101,943 | - | 108,767 | - | ||||||||||||||
Deferred tax assets | 3,289,350 | 8 | 3,328,452 | 7 | 3,351,483 | 7 | ||||||||||||||
Refundable deposits | 12,288 | - | 27,139 | - | 108,114 | - | ||||||||||||||
Net defined benefit asset - non-current | 329,808 | 1 | 331,282 | 1 | 286,709 | 1 | ||||||||||||||
Other non-current financial assets (Notes 9 and 33) | 69,664 | - | 142,483 | - | 148,245 | - | ||||||||||||||
Other non-current assets (Note 12) | 15,416 | - | 17,477 | - | 28,367 | - | ||||||||||||||
Total non-current assets | 17,743,531 | 40 | 16,383,410 | 36 | 16,572,865 | 35 | ||||||||||||||
TOTAL | $ | 44,531,149 | 100 | $ | 45,066,337 | 100 | $ | 47,441,719 | 100 | |||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Short-term borrowings (Note 19) | $ | 1,520,000 | 3 | $ | 900,000 | 2 | $ | - | - | |||||||||||
Financial liabilities at fair value through profit or loss - current (Note 7) | 198,429 | 1 | 90,599 | - | 79,236 | - | ||||||||||||||
Note and trade payables (Notes 20 and 32) | 5,708,122 | 13 | 6,028,712 | 14 | 5,937,423 | 13 | ||||||||||||||
Other payables (Notes 21 and 32) | 5,125,480 | 12 | 5,689,212 | 13 | 6,146,800 | 13 | ||||||||||||||
Current tax liabilities | 84,961 | - | 63,961 | - | 142,548 | - | ||||||||||||||
Provisions - current (Note 22) | 1,312,788 | 3 | 1,410,042 | 3 | 1,552,229 | 3 | ||||||||||||||
Lease liabilities - current (Notes 16 and 32) | 39,004 | - | 68,220 | - | 115,084 | - | ||||||||||||||
Other current liabilities (Note 21) | 549,847 | 1 | 524,278 | 1 | 826,244 | 2 | ||||||||||||||
Total current liabilities | 14,538,631 | 33 | 14,775,024 | 33 | 14,799,564 | 31 | ||||||||||||||
NON-CURRENT LIABILITIES | ||||||||||||||||||||
Long-term borrowings (Notes 19 and 33) | 1,500,000 | 3 | - | - | - | - | ||||||||||||||
Deferred tax liabilities | 86,183 | - | 86,253 | - | 104,322 | - | ||||||||||||||
Lease liabilities - non-current (Notes 16 and 32) | 46,380 | - | 81,834 | - | 187,057 | 1 | ||||||||||||||
Guarantee deposits received | 169,140 | 1 | 169,650 | 1 | 170,797 | - | ||||||||||||||
Total non-current liabilities | 1,801,703 | 4 | 337,737 | 1 | 462,176 | 1 | ||||||||||||||
Total liabilities | 16,340,334 | 37 | 15,112,761 | 34 | 15,261,740 | 32 | ||||||||||||||
EQUITY (Note 23) | ||||||||||||||||||||
Share capital - ordinary shares | 8,189,294 | 18 | 8,186,444 | 18 | 8,188,043 | 17 | ||||||||||||||
Capital surplus | 15,835,588 | 35 | 15,761,158 | 35 | 15,660,649 | 33 | ||||||||||||||
Retained earnings | ||||||||||||||||||||
Legal reserve | 15,725,509 | 35 | 15,725,509 | 35 | 15,725,509 | 33 | ||||||||||||||
Special reserve | 3,080,480 | 7 | 3,080,480 | 7 | 3,080,480 | 7 | ||||||||||||||
Accumulated deficits | (9,144,437) | (20) | (7,390,476) | (17) | (7,502,648) | (16) | ||||||||||||||
Other equity | (5,495,619) | (12) | (5,470,576) | (12) | (3,079,542) | (6) | ||||||||||||||
Total equity attributable to owners of the parent | 28,190,815 | 63 | 29,892,539 | 66 | 32,072,491 | 68 | ||||||||||||||
NON-CONTROLLING INTERESTS | - | - | 61,037 | - | 107,488 | - | ||||||||||||||
Total equity | 28,190,815 | 63 | 29,953,576 | 66 | 32,179,979 | 68 | ||||||||||||||
TOTAL | $ | 44,531,149 | 100 | $ | 45,066,337 | 100 | $ | 47,441,719 | 100 | |||||||||||
The accompanying notes are an integral part of the consolidated financial statements.
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HTC CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Loss Per Share) (Reviewed, Not Audited)
For the Three Months Ended June 30 | For the Six Months Ended June 30 | |||||||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||||||
Amount | % | Amount | % | Amount | % | Amount | % | |||||||||||||||||||||
OPERATING REVENUE | ||||||||||||||||||||||||||||
(Notes 24 and 32) | $ | 1,349,180 | 100 | $ | 1,343,394 | 100 | $ | 2,524,267 | 100 | $ | 2,673,144 | 100 | ||||||||||||||||
OPERATING COST (Notes 11, | ||||||||||||||||||||||||||||
25 and 32) | 945,886 | 70 | 987,620 | 74 | 1,780,765 | 70 | 1,968,340 | 74 | ||||||||||||||||||||
GROSS PROFIT | 403,294 | 30 | 355,774 | 26 | 743,502 | 30 | 704,804 | 26 | ||||||||||||||||||||
OPERATING EXPENSES | ||||||||||||||||||||||||||||
(Notes 25 and 32) | ||||||||||||||||||||||||||||
Selling and marketing | 417,843 | 31 | 407,956 | 30 | 821,604 | 33 | 974,400 | 36 | ||||||||||||||||||||
General and administrative | 434,817 | 32 | 691,991 | 52 | 955,760 | 38 | 1,355,380 | 51 | ||||||||||||||||||||
Research and development | 600,128 | 45 | 922,153 | 69 | 1,293,716 | 51 | 1,892,968 | 71 | ||||||||||||||||||||
Total operating expenses | 1,452,788 | 108 | 2,022,100 | 151 | 3,071,080 | 122 | 4,222,748 | 158 | ||||||||||||||||||||
OPERATING LOSS | (1,049,494) | (78) | (1,666,326) | (125) | (2,327,578) | (92) | (3,517,944) | (132) | ||||||||||||||||||||
NON-OPERATING INCOME | ||||||||||||||||||||||||||||
AND EXPENSES | ||||||||||||||||||||||||||||
Interest income (Note 25) | 29,914 | 2 | 66,258 | 5 | 61,995 | 2 | 144,815 | 5 | ||||||||||||||||||||
Other income (Notes 25 | ||||||||||||||||||||||||||||
and 32) | 210,143 | 16 | 346,828 | 26 | 422,844 | 17 | 534,124 | 20 | ||||||||||||||||||||
Other gains and losses | ||||||||||||||||||||||||||||
(Notes 15, 18, 25 and 28) | 248,114 | 18 | (571,746) | (42) | 241,100 | 9 | (675,436) | (25) | ||||||||||||||||||||
Finance costs (Notes 25 | ||||||||||||||||||||||||||||
and 32) | (11,101) | (1) | (5,684) | - | (21,010) | (1) | (8,250) | - | ||||||||||||||||||||
Share of the loss of associate | ||||||||||||||||||||||||||||
(Note 14) | 6,612 | 1 | (12,368) | (1) | 17,332 | 1 | (17,028) | - | ||||||||||||||||||||
Total non-operating | ||||||||||||||||||||||||||||
income and expenses | 483,682 | 36 | (176,712) | (12) | 722,261 | 28 | (21,775) | - | ||||||||||||||||||||
LOSS BEFORE INCOME TAX | (565,812) | (42) | (1,843,038) | (137) | (1,605,317) | (64) | (3,539,719) | (132) | ||||||||||||||||||||
INCOME TAX BENEFIT | ||||||||||||||||||||||||||||
(Note 26) | 353 | - | 148 | - | 1,728 | - | 2,928 | - | ||||||||||||||||||||
LOSS FOR THE PERIOD | (565,459) | (42) | (1,842,890) | (137) | (1,603,589) | (64) | (3,536,791) | (132) | ||||||||||||||||||||
OTHER COMPREHENSIVE | ||||||||||||||||||||||||||||
INCOME AND LOSS, NET | ||||||||||||||||||||||||||||
OF INCOME TAX | ||||||||||||||||||||||||||||
Items that will not be | ||||||||||||||||||||||||||||
reclassified subsequently to | ||||||||||||||||||||||||||||
profit or loss: | ||||||||||||||||||||||||||||
Unrealized gain on | ||||||||||||||||||||||||||||
investments in equity | ||||||||||||||||||||||||||||
instruments designated as | ||||||||||||||||||||||||||||
at fair value through other | ||||||||||||||||||||||||||||
comprehensive income | 277,596 | 21 | 1,304,120 | 97 | 486,474 | 19 | 1,290,937 | 48 | ||||||||||||||||||||
Items that may be reclassified | ||||||||||||||||||||||||||||
subsequently to profit or | ||||||||||||||||||||||||||||
loss: | ||||||||||||||||||||||||||||
Exchange differences on | ||||||||||||||||||||||||||||
translation of foreign | ||||||||||||||||||||||||||||
operations | (535,236) | (40) | (394,103) | (29) | (691,198) | (27) | (637,290) | (24) | ||||||||||||||||||||
Other comprehensive | ||||||||||||||||||||||||||||
income and loss for the | ||||||||||||||||||||||||||||
period, net of income | ||||||||||||||||||||||||||||
tax | (257,640) | (19) | 910,017 | 68 | (204,724) | (8) | 653,647 | 24 | ||||||||||||||||||||
TOTAL COMPREHENSIVE | ||||||||||||||||||||||||||||
LOSS FOR THE PERIOD | $ | (823,099) | (61) | $ | (932,873) | (69) | $ | (1,808,313) | (72) | $ | (2,883,144) | (108) | ||||||||||||||||
(Continued) |
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HTC Corporation published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 08:06:05 UTC.