VIA Technologies, Inc. and Subsidiaries

Consolidated Financial Statements for the Six Months Ended June 30, 2022 and 2021

VIA TECHNOLOGIES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (In Thousands of New Taiwan Dollars)

June 30, 2022

December 31, 2021

June 30, 2021

(Reviewed)

(Audited)

(Reviewed)

ASSETS

Amount

%

Amount

%

Amount

%

CURRENT ASSETS

Cash and cash equivalents

$

11,835,861

52

$

10,479,747

48

$

4,076,916

23

Financial assets at fair value through profit or loss - current

317,190

2

538,496

3

218,375

1

Financial assets at amortized cost - current

60,000

-

1,546,144

7

2,346,620

13

Accounts receivable, net

629,050

3

654,595

3

528,613

3

Accounts receivable - related parties

2,932

-

2,750

-

8,957

-

Other receivables

40,562

-

30,375

-

3,347,076

19

Inventories

1,887,463

8

1,611,635

7

1,042,619

6

Other current assets

952,160

4

265,390

1

215,161

1

Total current assets

15,725,218

69

15,129,132

69

11,784,337

66

NON-CURRENT ASSETS

Financial assets at fair value through profit or loss - non-current

1,694,447

7

1,636,818

8

1,392,237

8

Financial assets at fair value through other comprehensive income -

non-current

1,024,766

5

670,115

3

107,033

1

Investments accounted for using the equity method

92,884

-

131,681

1

133,737

1

Property, plant and equipment

1,983,215

9

1,979,612

9

2,016,510

11

Right-of-use assets

268,593

1

280,968

1

367,432

2

Investment properties, net

1,884,594

8

1,852,026

8

1,870,055

10

Intangible assets

82,743

-

64,223

-

49,734

-

Deferred tax assets

57,039

-

36,269

-

17,611

-

Refundable deposits

111,048

1

104,282

1

101,727

1

Other assets - non-current

9,838

-

15,824

-

20,875

-

Total non-current assets

7,209,167

31

6,771,818

31

6,076,951

34

TOTAL

$

22,934,385

100

$

21,900,950

100

$

17,861,288

100

LIABILITIES AND EQUITY

CURRENT LIABILITIES

Financial liabilities at fair value through profit or loss - current

$

-

-

$

-

-

$

552

-

Notes payable

544

-

729

-

558

-

Accounts payable

807,874

4

920,756

4

576,742

3

Accounts payable - related parties

23,208

-

33,695

-

17,491

-

Other payables

1,701,624

7

1,724,845

8

1,815,664

10

Current tax liabilities

326,005

1

349,695

2

523,691

3

Provisions - current

114,754

1

139,684

1

9,467

-

Lease liabilities - current

98,284

-

86,420

-

87,292

1

Current portion of long-term borrowings

860,000

4

950,000

4

500,000

3

Other current liabilities

1,513,748

7

500,744

2

224,584

1

Total current liabilities

5,446,041

24

4,706,568

21

3,756,041

21

NON-CURRENT LIABILITIES

Long-term borrowings

1,792,000

8

1,165,000

5

1,273,000

7

Long-term bills payable

986,753

4

1,101,484

5

853,175

5

Deferred tax liabilities

198,576

1

195,270

1

198,437

1

Lease liabilities - non-current

149,744

1

178,306

1

210,361

1

Net defined benefit liabilities

354,483

1

353,817

2

340,661

2

Credit balance of investments accounted for using the equity method

56

-

32

-

4

-

Other non-current liabilities

45,669

-

50,866

-

52,125

-

Total non-current liabilities

3,527,281

15

3,044,775

14

2,927,763

16

Total liabilities

8,973,322

39

7,751,343

35

6,683,804

37

EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY

Share capital

4,954,539

22

4,944,109

23

4,943,959

28

Capital collected in advance

20,949

-

24,881

-

-

-

Capital surplus

1,229,124

5

1,209,690

6

1,201,490

7

Retained earnings

Legal reserve

749,725

3

354,878

1

354,878

2

Special reserve

910,285

4

595,929

3

595,929

3

Unappropriated earnings

4,652,347

20

6,150,928

28

3,382,735

19

Other equity

(36,687)

-

(689,468)

(3)

(626,388)

(4)

Total equity attributable to owners of the Company

12,480,282

54

12,590,947

58

9,852,603

55

NON-CONTROLLING INTERESTS

1,480,781

7

1,558,660

7

1,324,881

8

Total equity

13,961,063

61

14,149,607

65

11,177,484

63

TOTAL

$

22,934,385

100

$

21,900,950

100

$

17,861,288

100

- 1 -

VIA TECHNOLOGIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except (Loss) Earnings Per Share) (Reviewed, Not Audited)

For the Three Months Ended June 30

For the Six Months Ended June 30

2022

2021

2022

2021

Amount

%

Amount

%

Amount

%

Amount

%

OPERATING REVENUE

$ 2,289,001

100

$ 1,617,772

100

$ 4,497,220

100

$ 3,187,472

100

OPERATING COSTS

1,458,494

64

898,373

56

2,726,445

61

1,787,038

56

GROSS PROFIT

830,507

36

719,399

44

1,770,775

39

1,400,434

44

OPERATING EXPENSES

Selling and marketing

expenses

191,874

8

169,587

10

365,252

8

359,331

11

General and administrative

expenses

148,545

7

144,175

9

294,889

6

272,983

9

Research and development

expenses

484,080

21

681,489

42

1,022,907

23

1,534,681

48

Expected credit loss

339

-

731

-

2,579

-

1,580

-

Total operating

expenses

824,838

36

995,982

61

1,685,627

37

2,168,575

68

PROFIT (LOSS) FROM

OPERATIONS

5,669

-

(276,583)

(17)

85,148

2

(768,141)

(24)

NON-OPERATING INCOME

AND EXPENSES

Interest income

11,024

1

4,178

-

17,235

1

7,201

-

Other income

91,498

4

60,448

4

190,319

4

99,259

3

Other gains and losses

16,922

1

(6,420)

-

(89,058)

(2)

2,237,373

70

Finance costs

(16,497)

(1)

(11,654)

(1)

(31,321)

(1)

(24,584)

-

Share of profit or loss of

associates

1,303

-

(3,374)

-

77

-

(4,708)

-

Total non-operating

income and

expenses

104,250

5

43,178

3

87,252

2

2,314,541

73

PROFIT (LOSS) BEFORE

INCOME TAX

109,919

5

(233,405)

(14)

172,400

4

1,546,400

49

INCOME TAX EXPENSE

(160,225)

(7)

(159,715)

(10)

(228,918)

(5)

(187,596)

(6)

NET (LOSS) PROFIT FOR

THE PERIOD

(50,306)

(2)

(393,120)

(24)

(56,518)

(1)

1,358,804

43

OTHER COMPREHENSIVE

INCOME AND LOSS

Items that will not be

reclassified subsequently

to profit or loss:

Unrealized loss on

investments in equity

instruments at fair

value through other

comprehensive income

(17,988)

(1)

(6,447)

(1)

(12,815)

-

(3,321)

-

(Continued)

- 2 -

VIA TECHNOLOGIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except (Loss) Earnings Per Share) (Reviewed, Not Audited)

For the Three Months Ended June 30

For the Six Months Ended June 30

2022

2021

2022

2021

Amount

%

Amount

%

Amount

%

Amount

%

Items that may be

reclassified subsequently

to profit or loss:

Exchange differences on

translating foreign

operations

$

261,287

11

$

(175,625)

(11)

$

656,775

14

$

(251,132)

(8)

Share of the other

comprehensive (loss)

income of associates

(821)

-

(1,073)

-

1,787

-

(2,583)

-

Other comprehensive

income (loss) for the

period, net of

income tax

242,478

10

(183,145)

(12)

645,747

14

(257,036)

(8)

TOTAL COMPREHENSIVE

INCOME (LOSS) FOR

THE PERIOD

$

192,172

8

$

(576,265)

(36)

$

589,229

13

$

1,101,768

35

NET (LOSS) PROFIT

ATTRIBUTABLE TO:

Owners of the Company

$

(163,006)

(7)

$

(485,984)

(30)

$ (294,028)

(6)

$

1,180,282

37

Non-controlling interests

112,700

5

92,864

6

237,510

5

178,522

6

$

(50,306)

(2)

$

(393,120)

(24)

$

(56,518)

(1)

$

1,358,804

43

TOTAL COMPREHENSIVE

INCOME (LOSS)

ATTRIBUTABLE TO:

Owners of the Company

$

88,360

4

$

(667,782)

(41)

$

358,753

8

$

924,603

29

Non-controlling interests

103,812

4

91,517

5

230,476

5

177,165

6

$

192,172

8

$

(576,265)

(36)

$

589,229

13

$

1,101,768

35

(LOSS) EARNINGS PER

SHARE

From continuing operations

Basic

$

(0.33)

$

(0.98)

$

(0.59)

$

2.39

Diluted

$

(0.33)

$

(0.98)

$

(0.59)

$

2.33

(Concluded)

- 3 -

VIA TECHNOLOGIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In Thousands of New Taiwan Dollars)

(Reviewed, Not Audited)

Equity Attributable to Owners of the Company

Other Equity

Unrealized Gain

or Loss on

Retained Earnings

Financial Assets

Unappropriated

Exchange

at Fair Value

Total Equity

Earnings

Differences on

Through Other

Attributable to

Capital Collected in

(Accumulated

Translating

Comprehensive

Owners of the

Non-controlling

Share Capital

Advance

Capital Surplus

Legal Reserve

Special Reserve

Deficits)

Foreign Operations

Income

Company

Interests

Total Equity

BALANCE, JANUARY 1, 2021

$

4,933,034

$

18,824

$

1,168,504

$

-

$

-

$

3,548,777

$

(360,861)

$

(9,848)

$

9,298,430

$

1,275,997

$

10,574,427

Appropriation of 2020 earnings

Legal reserve

-

-

-

354,878

-

(354,878)

-

-

-

-

-

Special reserve

-

-

-

-

595,929

(595,929)

-

-

-

-

-

Cash dividends distributed by the Company

-

-

-

-

-

(395,517)

-

-

(395,517)

-

(395,517)

Net profit for the six months ended June 30, 2021

-

-

-

-

-

1,180,282

-

-

1,180,282

178,522

1,358,804

Other comprehensive loss for the six months ended June 30, 2021

-

-

-

-

-

-

(253,594)

(2,085)

(255,679)

(1,357)

(257,036)

Total comprehensive income (loss) for the six months ended June 30, 2021

-

-

-

-

-

1,180,282

(253,594)

(2,085)

924,603

177,165

1,101,768

Cash dividends distributed by the subsidiary

-

-

-

-

-

-

-

-

-

(128,956)

(128,956)

Change in capital surplus from investments in associates

-

-

80

-

-

-

-

-

80

-

80

Share-based payment transaction

-

-

15,713

-

-

-

-

-

15,713

-

15,713

Issuance of shares from exercise of employee share options

10,925

(18,824)

16,278

-

-

-

-

-

8,379

-

8,379

Recognition of employee share options issued by the subsidiary

-

-

915

-

-

-

-

-

915

675

1,590

BALANCE, JUNE 30, 2021

$

4,943,959

$

-

$

1,201,490

$

354,878

$

595,929

$

3,382,735

$

(614,455)

$

(11,933)

$

9,852,603

$

1,324,881

$

11,177,484

BALANCE, JANUARY 1, 2022

$

4,944,109

$

24,881

$

1,209,690

$

354,878

$

595,929

$

6,150,928

$

(666,970)

$

(22,498)

$

12,590,947

$

1,558,660

$

14,149,607

Appropriation of 2021 earnings

Legal reserve

-

-

-

394,847

-

(394,847)

-

-

-

-

-

Special reserve

-

-

-

-

314,356

(314,356)

-

-

-

-

-

Cash dividends distributed by the Company

-

-

-

-

-

(495,350)

-

-

(495,350)

-

(495,350)

Net (loss) profit for the six months ended June 30, 2022

-

-

-

-

-

(294,028)

-

-

(294,028)

237,510

(56,518)

Other comprehensive income (loss) for the six months ended June 30, 2022

-

-

-

-

-

-

658,167

(5,386)

652,781

(7,034)

645,747

Total comprehensive (loss) income for the six months ended June 30, 2022

-

-

-

-

-

(294,028)

658,167

(5,386)

358,753

230,476

589,229

Cash dividends distributed by the subsidiary

-

-

-

-

-

-

-

-

-

(325,580)

(325,580)

Change in capital surplus from investments in associates

-

-

102

-

-

-

-

-

102

-

102

Share-based payment transaction

-

-

10,539

-

-

-

-

-

10,539

-

10,539

Issuance of shares from exercise of employee shares options

10,430

(3,932)

18,247

-

-

-

-

-

24,745

-

24,745

Changes in percentage of ownership interests in the subsidiary

-

-

(9,831)

-

-

-

-

-

(9,831)

16,937

7,106

Recognition of employee share options issued by the subsidiary

-

-

377

-

-

-

-

-

377

288

665

BALANCE, JUNE 30, 2022

$

4,954,539

$

20,949

$

1,229,124

$

749,725

$

910,285

$

4,652,347

$

(8,803)

$

(27,884)

$

12,480,282

$

1,480,781

$

13,961,063

- 4 -

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VIA Technologies Inc. published this content on 10 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2023 03:06:05 UTC.