VIA Technologies, Inc. and Subsidiaries
Consolidated Financial Statements for the Three Months Ended March 31, 2023 and 2022
VIA TECHNOLOGIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (In Thousands of New Taiwan Dollars)
March 31, 2023 | December 31, 2022 | March 31, 2022 | ||||||||||||||||||
(Reviewed) | (Audited) | (Reviewed) | ||||||||||||||||||
ASSETS | Amount | % | Amount | % | Amount | % | ||||||||||||||
CURRENT ASSETS | ||||||||||||||||||||
Cash and cash equivalents | $ | 11,986,907 | 47 | $ | 11,850,296 | 49 | $ | 11,917,604 | 53 | |||||||||||
Financial assets at fair value through profit or loss - current | 414,210 | 2 | 382,613 | 2 | 369,999 | 2 | ||||||||||||||
Financial assets at amortized cost - current | 293,389 | 1 | 103,071 | - | 117,250 | - | ||||||||||||||
Notes and accounts receivable | 373,791 | 1 | 443,715 | 2 | 618,923 | 3 | ||||||||||||||
Accounts receivable - related parties | 623 | - | 1,930 | - | 139,616 | 1 | ||||||||||||||
Other receivables | 43,630 | - | 34,492 | - | 25,138 | - | ||||||||||||||
Inventories | 3,201,690 | 13 | 2,857,115 | 12 | 1,722,880 | 7 | ||||||||||||||
Other current assets | 1,858,492 | 7 | 1,313,929 | 5 | 659,038 | 3 | ||||||||||||||
Total current assets | 18,172,732 | 71 | 16,987,161 | 70 | 15,570,448 | 69 | ||||||||||||||
NON-CURRENT ASSETS | ||||||||||||||||||||
Financial assets at fair value through profit or loss - non-current | 1,799,711 | 7 | 1,769,876 | 7 | 1,682,044 | 7 | ||||||||||||||
Financial assets at fair value through other comprehensive income - non-current | 1,063,747 | 4 | 1,072,567 | 5 | 812,749 | 4 | ||||||||||||||
Investments accounted for using the equity method | 231,634 | 1 | 244,482 | 1 | 92,350 | - | ||||||||||||||
Property, plant and equipment | 1,988,634 | 8 | 1,989,134 | 8 | 2,018,008 | 9 | ||||||||||||||
Right-of-use assets | 225,094 | 1 | 239,587 | 1 | 286,439 | 1 | ||||||||||||||
Investment properties, net | 1,838,646 | 7 | 1,847,568 | 8 | 1,913,847 | 9 | ||||||||||||||
Intangible assets | 70,193 | - | 72,016 | - | 84,831 | - | ||||||||||||||
Deferred tax assets | 82,901 | 1 | 79,143 | - | 46,471 | - | ||||||||||||||
Refundable deposits | 76,425 | - | 77,727 | - | 107,401 | 1 | ||||||||||||||
Other assets - non-current | 312 | - | 3,086 | - | 12,447 | - | ||||||||||||||
Total non-current assets | 7,377,297 | 29 | 7,395,186 | 30 | 7,056,587 | 31 | ||||||||||||||
TOTAL | $ | 25,550,029 | 100 | $ | 24,382,347 | 100 | $ | 22,627,035 | 100 | |||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||
CURRENT LIABILITIES | ||||||||||||||||||||
Financial liabilities at fair value through profit or loss - current | $ | - | - | $ | 1,861 | - | $ | - | - | |||||||||||
Contract liabilities - current | 3,979,498 | 16 | 2,080,007 | 9 | 696,504 | 3 | ||||||||||||||
Notes payable | 302 | - | 678 | - | 534 | - | ||||||||||||||
Accounts payable | 1,019,273 | 4 | 891,369 | 4 | 776,965 | 3 | ||||||||||||||
Accounts payable - related parties | 13,412 | - | 34,464 | - | 24,892 | - | ||||||||||||||
Other payables | 1,571,790 | 6 | 1,731,268 | 7 | 2,346,245 | 10 | ||||||||||||||
Current tax liabilities | 320,379 | 1 | 303,715 | 1 | 387,341 | 2 | ||||||||||||||
Provisions - current | 41,872 | - | 290,786 | 1 | 175,654 | 1 | ||||||||||||||
Lease liabilities - current | 47,900 | - | 52,466 | - | 97,314 | - | ||||||||||||||
Current portion of long-term borrowings | 1,079,267 | 4 | 1,399,352 | 6 | 1,250,000 | 6 | ||||||||||||||
Other current liabilities | 26,734 | - | 272,352 | 1 | 116,132 | 1 | ||||||||||||||
Total current liabilities | 8,100,427 | 31 | 7,058,318 | 29 | 5,871,581 | 26 | ||||||||||||||
NON-CURRENT LIABILITIES | ||||||||||||||||||||
Long-term borrowings | 2,380,000 | 9 | 2,010,000 | 8 | 840,000 | 4 | ||||||||||||||
Long-term bills payable | - | - | - | - | 1,399,646 | 6 | ||||||||||||||
Deferred tax liabilities | 193,779 | 1 | 192,906 | 1 | 201,582 | 1 | ||||||||||||||
Lease liabilities - non-current | 105,643 | 1 | 114,530 | - | 168,614 | 1 | ||||||||||||||
Net defined benefit liabilities | 309,420 | 1 | 308,755 | 1 | 354,104 | 1 | ||||||||||||||
Other non-current liabilities | 265,402 | 1 | 141,130 | 1 | 49,922 | - | ||||||||||||||
Total non-current liabilities | 3,254,244 | 13 | 2,767,321 | 11 | 3,013,868 | 13 | ||||||||||||||
Total liabilities | 11,354,671 | 44 | 9,825,639 | 40 | 8,885,449 | 39 | ||||||||||||||
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY | ||||||||||||||||||||
Share capital | 4,974,974 | 20 | 4,970,099 | 20 | 4,953,142 | 22 | ||||||||||||||
Capital collected in advance | 16,217 | - | 12,037 | - | 3,796 | - | ||||||||||||||
Capital surplus | 1,246,768 | 5 | 1,241,826 | 5 | 1,220,936 | 5 | ||||||||||||||
Retained earnings | ||||||||||||||||||||
Legal reserve | 749,725 | 3 | 749,725 | 3 | 749,725 | 4 | ||||||||||||||
Special reserve | 910,285 | 3 | 910,285 | 4 | 910,285 | 4 | ||||||||||||||
Unappropriated earnings | 4,829,329 | 19 | 4,908,847 | 20 | 4,815,353 | 21 | ||||||||||||||
Other equity | 131,127 | 1 | 207,098 | 1 | (288,053) | (1) | ||||||||||||||
Total equity attributable to owners of the Company | 12,858,425 | 51 | 12,999,917 | 53 | 12,365,184 | 55 | ||||||||||||||
NON-CONTROLLING INTERESTS | 1,336,933 | 5 | 1,556,791 | 7 | 1,376,402 | 6 | ||||||||||||||
Total equity | 14,195,358 | 56 | 14,556,708 | 60 | 13,741,586 | 61 | ||||||||||||||
TOTAL | $ | 25,550,029 | 100 | $ | 24,382,347 | 100 | $ | 22,627,035 | 100 | |||||||||||
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VIA TECHNOLOGIES, INC. 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 March 31 | |||||||||||
2023 | 2022 | ||||||||||
Amount | % | Amount | % | ||||||||
OPERATING REVENUE | $ 2,044,567 | 100 | $ 2,208,219 | 100 | |||||||
OPERATING COSTS | 1,460,522 | 71 | 1,267,951 | 57 | |||||||
GROSS PROFIT | 584,045 | 29 | 940,268 | 43 | |||||||
OPERATING EXPENSES | |||||||||||
Selling and marketing expenses | 185,868 | 9 | 173,378 | 8 | |||||||
General and administrative expenses | 150,424 | 7 | 146,344 | 7 | |||||||
Research and development expenses | 441,414 | 22 | 538,827 | 24 | |||||||
Expected credit loss | - | - | 2,240 | - | |||||||
Total operating expenses | 777,706 | 38 | 860,789 | 39 | |||||||
(LOSS) PROFIT FROM OPERATIONS | (193,661) | (9) | 79,479 | 4 | |||||||
NON-OPERATING INCOME AND EXPENSES | |||||||||||
Interest income | 115,742 | 5 | 6,211 | - | |||||||
Other income | 37,642 | 2 | 98,821 | 5 | |||||||
Other gains and losses | 11,291 | 1 | (105,980) | (5) | |||||||
Finance costs | (19,090) | (1) | (14,824) | (1) | |||||||
Share of profit or loss of associates | (12,104) | (1) | (1,226) | - | |||||||
Total non-operating income and expenses | 133,481 | 6 | (16,998) | (1) | |||||||
(LOSS) PROFIT BEFORE INCOME TAX | (60,180) | (3) | 62,481 | 3 | |||||||
INCOME TAX EXPENSE | (17,634) | (1) | (68,693) | (3) | |||||||
NET LOSS FOR THE PERIOD | (77,814) | (4) | (6,212) | - | |||||||
(Continued) |
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VIA TECHNOLOGIES, INC. 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 March 31 | |||||||||||||||
2023 | 2022 | ||||||||||||||
Amount | % | Amount | % | ||||||||||||
OTHER COMPREHENSIVE INCOME (LOSS) | |||||||||||||||
Items that will not be reclassified subsequently to | |||||||||||||||
profit or loss: | |||||||||||||||
Unrealized gain or loss on investments in equity | |||||||||||||||
instruments at fair value through other | |||||||||||||||
comprehensive income | $ | (17,928) | (1) | $ | 5,173 | - | |||||||||
Items that may be reclassified subsequently to profit | |||||||||||||||
or loss: | |||||||||||||||
Exchange differences on translating foreign | |||||||||||||||
operations | (61,231) | (3) | 395,488 | 18 | |||||||||||
Share of the other comprehensive income of | |||||||||||||||
associates | 236 | - | 2,608 | - | |||||||||||
Other comprehensive (loss) income for the | |||||||||||||||
period, net of income tax | (78,923) | (4) | 403,269 | 18 | |||||||||||
TOTAL COMPREHENSIVE (LOSS) INCOME FOR | |||||||||||||||
THE PERIOD | $ | (156,737) | (8) | $ | 397,057 | 18 | |||||||||
NET (LOSS) PROFIT ATTRIBUTABLE TO: | |||||||||||||||
Owners of the Company | $ | (79,518) | (4) | $ | (131,022) | (6) | |||||||||
Non-controlling interests | 1,704 | - | 124,810 | 6 | |||||||||||
$ | (77,814) | (4) | $ | (6,212) | - | ||||||||||
TOTAL COMPREHENSIVE (LOSS) INCOME | |||||||||||||||
ATTRIBUTABLE TO: | |||||||||||||||
Owners of the Company | $ | (154,391) | (8) | $ | 270,393 | 12 | |||||||||
Non-controlling interests | (2,346) | - | 126,664 | 6 | |||||||||||
$ | (156,737) | (8) | $ | 397,057 | 18 | ||||||||||
LOSS PER SHARE | |||||||||||||||
From continuing operations | |||||||||||||||
Basic | $ | (0.16) | $ | (0.26) | |||||||||||
Diluted | $ | (0.16) | $ | (0.26) |
(Concluded)
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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 | ||||||||||||||||||||||||||||||||||||||||||||||||
Exchange | Financial Assets | |||||||||||||||||||||||||||||||||||||||||||||||
Differences on | at Fair Value | Total Equity | ||||||||||||||||||||||||||||||||||||||||||||||
Retained Earnings | Translating | Through Other | Unearned | Attributable to | ||||||||||||||||||||||||||||||||||||||||||||
Capital Collected | Unappropriated | Foreign | Comprehensive | Employee | Owners of the | Non-controlling | ||||||||||||||||||||||||||||||||||||||||||
Share Capital | in Advance | Capital Surplus | Legal Reserve | Special Reserve | Earnings | Operations | Income | Benefits | Company | Interests | Total Equity | |||||||||||||||||||||||||||||||||||||
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 three months ended March 31, 2022 | - | - | - | - | - | (131,022) | - | - | - | (131,022) | 124,810 | (6,212) | ||||||||||||||||||||||||||||||||||||
Other comprehensive income for the three months ended March 31, 2022 | - | - | - | - | - | - | 397,758 | 3,657 | - | 401,415 | 1,854 | 403,269 | ||||||||||||||||||||||||||||||||||||
Total comprehensive (loss) income for the three months ended March 31, | ||||||||||||||||||||||||||||||||||||||||||||||||
2022 | - | - | - | - | - | (131,022) | 397,758 | 3,657 | - | 270,393 | 126,664 | 397,057 | ||||||||||||||||||||||||||||||||||||
Cash dividends distributed by the subsidiary | - | - | - | - | - | - | - | - | - | - | (325,606) | (325,606) | ||||||||||||||||||||||||||||||||||||
Change in capital surplus from investments in associates | - | - | 73 | - | - | - | - | - | - | 73 | - | 73 | ||||||||||||||||||||||||||||||||||||
Share-based payment transaction | - | - | 4,915 | - | - | - | - | - | - | 4,915 | - | 4,915 | ||||||||||||||||||||||||||||||||||||
Issuance of shares from exercise of employee share options | 9,033 | (21,085) | 15,848 | - | - | - | - | - | - | 3,796 | - | 3,796 | ||||||||||||||||||||||||||||||||||||
Changes in percentage of ownership interests in the subsidiary | - | - | (9,779) | - | - | - | - | - | - | (9,779) | 16,541 | 6,762 | ||||||||||||||||||||||||||||||||||||
Recognition of employee share options issued by the subsidiary | - | - | 189 | - | - | - | - | - | - | 189 | 143 | 332 | ||||||||||||||||||||||||||||||||||||
BALANCE, MARCH 31, 2022 | $ | 4,953,142 | $ | 3,796 | $ | 1,220,936 | $ | 749,725 | $ | 910,285 | $ | 4,815,353 | $ | (269,212) | $ | (18,841) | $ | - | $ | 12,365,184 | $ | 1,376,402 | $ | 13,741,586 | ||||||||||||||||||||||||
BALANCE, JANUARY 1, 2023 | $ | 4,970,099 | $ | 12,037 | $ | 1,241,826 | $ | 749,725 | $ | 910,285 | $ | 4,908,847 | $ | 266,586 | $ | (58,445) | $ | (1,043) | $ | 12,999,917 | $ | 1,556,791 | $ | 14,556,708 | ||||||||||||||||||||||||
Net (loss) profit for the three months ended March 31, 2023 | - | - | - | - | - | (79,518) | - | - | - | (79,518) | 1,704 | (77,814) | ||||||||||||||||||||||||||||||||||||
Other comprehensive loss for the three months ended March 31, 2023 | - | - | - | - | - | - | (60,985) | (13,888) | - | (74,873) | (4,050) | (78,923) | ||||||||||||||||||||||||||||||||||||
Total comprehensive loss for the three months ended March 31, 2023 | - | - | - | - | - | (79,518) | (60,985) | (13,888) | - | (154,391) | (2,346) | (156,737) | ||||||||||||||||||||||||||||||||||||
Cash dividends distributed by the subsidiary | - | - | - | - | - | - | - | - | - | - | (225,865) | (225,865) | ||||||||||||||||||||||||||||||||||||
Change in capital surplus from investments in associates | - | - | 118 | - | - | - | - | - | (1,098) | (980) | - | (980) | ||||||||||||||||||||||||||||||||||||
Share-based payment transaction | - | - | 1,736 | - | - | - | - | - | - | 1,736 | - | 1,736 | ||||||||||||||||||||||||||||||||||||
Issuance of shares from exercise of employee share options | 4,875 | 4,180 | 6,885 | - | - | - | - | - | - | 15,940 | - | 15,940 | ||||||||||||||||||||||||||||||||||||
Changes in percentage of ownership interests in the subsidiary | - | - | (3,881) | - | - | - | - | - | - | (3,881) | 8,287 | 4,406 | ||||||||||||||||||||||||||||||||||||
Recognition of employee share options issued by the subsidiary | - | - | 84 | - | - | - | - | - | - | 84 | 66 | 150 | ||||||||||||||||||||||||||||||||||||
BALANCE, MARCH 31, 2023 | $ | 4,974,974 | $ | 16,217 | $ | 1,246,768 | $ | 749,725 | $ | 910,285 | $ | 4,829,329 | $ | 205,601 | $ | (72,333) | $ | (2,141) | $ | 12,858,425 | $ | 1,336,933 | $ | 14,195,358 | ||||||||||||||||||||||||
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VIA Technologies Inc. published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 06:28:07 UTC.