REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS' REVIEW REPORT
JUNE 30, 2022 AND 2021
(Stock code: 2379)
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INDEPENDENT AUDITORS' REVIEW REPORT TRANSLATED FROM CHINESE
PWCR22000078
To the Board of Directors and Shareholders of Realtek Semiconductor Corporation
Introduction
We have reviewed the accompanying consolidated balance sheets of Realtek Semiconductor Corporation and subsidiaries as at June 30, 2022 and 2021, and the related consolidated statements of comprehensive income for the three-month and six-month periods then ended, as well as the consolidated statements of changes in equity and of cash flows for the six-month periods then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies. Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with the "Regulations Governing the Preparation of Financial Reports by Securities Issuers" and International Accounting Standard 34, "Interim Financial Reporting" as endorsed by the Financial Supervisory Commission. Our responsibility is to express a conclusion on these consolidated financial statements based on our reviews.
Scope of review
Except as explained in the following paragraph, we conducted our reviews in accordance with the Statement of Auditing Standards No. 65, "Review of Financial Information Performed by the Independent Auditor of the Entity" in the Republic of China. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Basis for qualified conclusion
As explained in Notes 4(3) and 6(7), the consolidated financial statements of certain insignificant consolidated subsidiaries, investments accounted for under equity method and the information disclosed in Note 13 were based solely on the reports prepared by those subsidiaries and investee companies, which were not reviewed by independent auditors. Total assets of these subsidiaries amounted to NT$6,729,145 thousand and NT$6,702,872 thousand, constituting 5.63% and 7.06% of the consolidated total assets as at June 30, 2022 and 2021, respectively, total liabilities amounted to NT$1,328,501
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thousand and NT$1,099,676 thousand, constituting 1.64% and 1.68% of the consolidated total liabilities as at June 30, 2022 and 2021, respectively, and the total comprehensive (loss) income amounted to NT ($152,702) thousand, NT$110,767 thousand, NT($458,434) thousand and NT$378,937 thousand, constituting (2.55%), 3.22%, (3.66%) and 5.34% of the consolidated total comprehensive income for the three-month and six-month periods then ended, respectively. Furthermore, the investments accounted for under equity method as at June 30, 2022 and 2021 amounted to NT$180,113 thousand and NT$194,927 thousand, respectively, and the related investment loss were NT$5,577 thousand, NT$7,662 thousand, NT$11,281 thousand and NT$8,593 thousand for the three-month and six-month periods then ended, respectively.
Qualified conclusion
Except for the adjustments to the consolidated financial statements, if any, as might have been determined to be necessary had the financial statements of certain insignificant consolidated subsidiaries and investments accounted for under equity method been reviewed by independent auditors as described in the Basis for qualified conclusion section above, based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of Realtek Semiconductor Corporation and subsidiaries as at June 30, 2022 and 2021, and of its consolidated financial performance for the three-month and six-month periods then ended and its consolidated cash flows for the six-month periods then ended in accordance with the "Regulations Governing the Preparation of Financial Reports by Securities Issuers" and International Accounting Standard 34, "Interim Financial Reporting" as endorsed by the Financial Supervisory Commission.
Li, Tien-Yi | Cheng, Ya-Huei |
For and on behalf PricewaterhouseCoopers, Taiwan |
July 28, 2022
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The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and independent auditors' review report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.
As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.
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REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
JUNE 30, 2022, DECEMBER 31, 2021 AND JUNE 30, 2021
(Expressed in thousands of New Taiwan dollars)
(The balance sheets as at June 30, 2022 and 2021 are reviewed, not audited)
June 30, 2022 | December 31, 2021 | June 30, 2021 | |||||||||||||||||
Assets | Notes | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||
Current assets | |||||||||||||||||||
1100 | Cash and cash equivalents | 6(1) | $ | 6,010,435 | 5 | $ | 7,197,351 | 7 | $ | 10,001,376 | 10 | ||||||||
1110 | Financial assets at fair value | 6(2) | |||||||||||||||||
through profit or loss - current | 1,570,655 | 1 | 1,952,647 | 2 | 770,077 | 1 | |||||||||||||
1136 | Financial assets at amortised | 6(4) | |||||||||||||||||
cost - current | 59,136,885 | 50 | 43,740,876 | 43 | 41,899,828 | 44 | |||||||||||||
1170 | Accounts receivable, net | 6(5) | 13,567,705 | 11 | 12,796,821 | 13 | 11,856,854 | 12 | |||||||||||
1180 | Accounts receivable, net - | 6(5) and 7 | |||||||||||||||||
related parties | 3,291,388 | 3 | 3,192,184 | 3 | 2,758,054 | 3 | |||||||||||||
1200 | Other receivables | 292,744 | - | 156,928 | - | 96,192 | - | ||||||||||||
130X | Inventories, net | 6(6) | 19,773,668 | 17 | 16,548,712 | 16 | 13,073,429 | 14 | |||||||||||
1410 | Prepayments | 452,513 | - | 659,883 | 1 | 562,913 | 1 | ||||||||||||
11XX | Total current assets | ||||||||||||||||||
104,095,993 | 87 | 86,245,402 | 85 | 81,018,723 | 85 | ||||||||||||||
Non-current assets | |||||||||||||||||||
1517 | Financial assets at fair value | 6(3) | |||||||||||||||||
through other comprehensive | |||||||||||||||||||
income - non-current | 2,901,426 | 3 | 3,644,878 | 4 | 3,231,795 | 3 | |||||||||||||
1535 | Financial assets at amortised | 6(4) and 8 | |||||||||||||||||
cost - non-current | 85,319 | - | 80,101 | - | 79,769 | - | |||||||||||||
1550 | Investments accounted for | 6(7) | |||||||||||||||||
under equity method | 180,113 | - | 191,377 | - | 194,927 | - | |||||||||||||
1600 | Property, plant and equipment | 6(8) | 6,863,949 | 6 | 6,302,938 | 6 | 5,415,641 | 6 | |||||||||||
1755 | Right-of-use assets | 6(9) | 1,599,251 | 1 | 1,587,910 | 2 | 1,591,756 | 2 | |||||||||||
1760 | Investment property | 6(10) | 40,628 | - | 41,641 | - | 43,296 | - | |||||||||||
1780 | Intangible assets | 6(11) | 2,808,769 | 2 | 2,231,694 | 2 | 2,472,430 | 3 | |||||||||||
1840 | Deferred income tax assets | 157,610 | - | 171,321 | - | 175,674 | - | ||||||||||||
1900 | Other non-current assets | 751,512 | 1 | 734,651 | 1 | 712,268 | 1 | ||||||||||||
15XX | Total non-current assets | ||||||||||||||||||
15,388,577 | 13 | 14,986,511 | 15 | 13,917,556 | 15 | ||||||||||||||
1XXX | Total assets | ||||||||||||||||||
$ | 119,484,570 | 100 | $ | 101,231,913 | 100 | $ | 94,936,279 | 100 | |||||||||||
(Continued)
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REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
JUNE 30, 2022, DECEMBER 31, 2021 AND JUNE 30, 2021
(Expressed in thousands of New Taiwan dollars)
(The balance sheets as at June 30, 2022 and 2021 are reviewed, not audited)
June 30, 2022 | December 31, 2021 | June 30, 2021 | |||||||||||||||||||
Liabilities and Equity | Notes | AMOUNT | % | AMOUNT | % | AMOUNT | % | ||||||||||||||
Current liabilities | |||||||||||||||||||||
2100 | Short-term borrowings | 6(12) | $ | 10,194,948 | 9 | $ | 13,342,100 | 13 | $ | 14,713,320 | 16 | ||||||||||
2130 | Contract liabilities - current | 6(21) | 360,845 | - | 211,100 | - | 277,167 | - | |||||||||||||
2150 | Notes payable | 3,276 | - | 3,276 | - | 3,276 | - | ||||||||||||||
2170 | Accounts payable | 13,171,611 | 11 | 11,105,568 | 11 | 12,730,505 | 13 | ||||||||||||||
2180 | Accounts payable - related | 7 | |||||||||||||||||||
parties | 342,869 | - | 334,413 | - | 378,138 | - | |||||||||||||||
2200 | Other payables | 6(13) | 42,401,340 | 36 | 24,645,141 | 24 | 26,206,640 | 28 | |||||||||||||
2220 | Other payables - related parties | 7 | 108,091 | - | 101,253 | - | 111,365 | - | |||||||||||||
2230 | Current income tax liabilities | 1,662,338 | 1 | 1,458,340 | 2 | 1,364,896 | 1 | ||||||||||||||
2280 | Lease liabilities - current | 86,466 | - | 80,315 | - | 91,675 | - | ||||||||||||||
2300 | Other current liabilities | 6(21) | 8,461,162 | 7 | 7,539,417 | 8 | 7,207,703 | 8 | |||||||||||||
21XX | Total current liabilities | ||||||||||||||||||||
76,792,946 | 64 | 58,820,923 | 58 | 63,084,685 | 66 | ||||||||||||||||
Non-current liabilities | |||||||||||||||||||||
2540 | Long-term borrowings | 6(14) | 1,394,791 | 2 | 1,002,799 | 1 | - | - | |||||||||||||
2550 | Provisions - non-current | 6(16) | 1,181,134 | 1 | 989,475 | 1 | 995,908 | 1 | |||||||||||||
2570 | Deferred income tax liabilities | 88,767 | - | 103,512 | - | 108,173 | - | ||||||||||||||
2580 | Lease liabilities - non-current | 1,264,193 | 1 | 1,252,390 | 2 | 1,237,367 | 2 | ||||||||||||||
2600 | Other non-current liabilities | 143,778 | - | 110,490 | - | 98,247 | - | ||||||||||||||
25XX | Total non-current | ||||||||||||||||||||
liabilities | 4,072,663 | 4 | 3,458,666 | 4 | 2,439,695 | 3 | |||||||||||||||
2XXX | Total liabilities | ||||||||||||||||||||
80,865,609 | 68 | 62,279,589 | 62 | 65,524,380 | 69 | ||||||||||||||||
Equity | |||||||||||||||||||||
Share capital | 6(17) | ||||||||||||||||||||
3110 | Common shares | 5,128,636 | 4 | 5,106,849 | 5 | 5,106,849 | 5 | ||||||||||||||
Capital surplus | 6(18) | ||||||||||||||||||||
3200 | Capital surplus | 1,044,903 | 1 | 1,101,079 | 1 | 1,100,638 | 1 | ||||||||||||||
Retained earnings | 6(19) | ||||||||||||||||||||
3310 | Legal reserve | 7,262,359 | 6 | 5,577,083 | 5 | 5,577,083 | 6 | ||||||||||||||
3320 | Special reserve | 1,776,089 | 1 | 1,556,049 | 2 | 1,556,049 | 2 | ||||||||||||||
3350 | Undistributed earnings | 22,514,153 | 19 | 27,377,681 | 27 | 17,884,361 | 19 | ||||||||||||||
Other equity | 6(20) | ||||||||||||||||||||
3400 | Other equity interest | 883,162 | 1 | ( | 1,776,090) ( | 2) ( | 1,822,727) ( | 2) | |||||||||||||
31XX | Equity attributable to | ||||||||||||||||||||
holders of the parent | |||||||||||||||||||||
company | 38,609,302 | 32 | 38,942,651 | 38 | 29,402,253 | 31 | |||||||||||||||
36XX | Non-controlling interest | ||||||||||||||||||||
9,659 | - | 9,673 | - | 9,646 | - | ||||||||||||||||
3XXX | Total equity | 38,618,961 | 32 | 38,952,324 | 38 | 29,411,899 | 31 | ||||||||||||||
Significant contingent liabilities | 9 | ||||||||||||||||||||
and unrecognized contract | |||||||||||||||||||||
commitments | |||||||||||||||||||||
3X2X | Total liabilities and equity | $ | 119,484,570 | 100 | $ | 101,231,913 | 100 | $ | 94,936,279 | 100 | |||||||||||
The accompanying notes are an integral part of these consolidated financial statements.
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Realtek Semiconductor Corporation published this content on 31 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2022 09:59:04 UTC.