Table of Contents
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2003
ChipMOS TECHNOLOGIES (Bermuda) LTD.
(Translation of Registrant’s Name Into English)
No. 1, R&D Road 1
Science-Based Industrial Park
Hsinchu, Taiwan
Republic of China
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F ü Form 40-F
(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes No ü
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)
1
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ChipMOS TECHNOLOGIES (Bermuda) LTD. (Registrant) | ||||||||
| Date: April 30, 2003 |
By |
/S/ S.J. Cheng | ||||||
| Name: S. J. Cheng Title: Deputy Chairman & Chief Executive Officer | ||||||||
2
Table of Contents
| Exhibit Number |
||
| 1.1 |
||
| 1.2 |
3
Table of Contents
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
Selected Unaudited Consolidated Financial Data
(In Thousands, Except Earnings Per Share and Par Value Data)
| Twelve Months Ended Dec. 31, 2002 |
||||||
| NT$ |
US$ |
|||||
| Consolidated Statement of Income Data: |
||||||
| ROC GAAP: |
||||||
| Net revenues |
6,525,935 |
|
188,917 |
| ||
| Gross profit |
(185,771 |
) |
(5,378 |
) | ||
| Net income |
(223,066 |
) |
(6,457 |
) | ||
| Earnings per share |
(3.79 |
) |
(0.11 |
) | ||
| As of Dec. 31, 2002 | ||||
| NT$ |
US$ | |||
| Consolidated Balance Sheet Data: |
||||
| ROC GAAP: |
||||
| Total Assets |
17,836,620 |
512,561 | ||
| Total Liabilities |
10,389,135 |
298,547 | ||
| Capital Stock. |
19,233 |
553 | ||
| — Par value US$0.01 |
||||
| — Issued 58,873 thousand shares |
||||
| Capital Surplus |
7,645,967 |
219,718 | ||
| Total Shareholders’ Equity |
7,447,486 |
214,014 | ||
1
Table of Contents
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
Selected Unaudited Consolidated Financial Data in Connection with
Related Party Transactions with Mosel Vitelic Inc.
| Twelve Months Ended Dec. 31, 2002 | ||||
| NT$ |
US$ | |||
| (in thousands) | ||||
| Consolidated Statement of Income Data: |
||||
| ROC GAAP: |
||||
| Sales |
2,285,348 |
66,157 | ||
| Rental revenue |
8,800 |
255 | ||
| Administrative expenses |
4,550 |
132 | ||
| Rental expense |
2,811 |
81 | ||
| Other non-operating income |
— |
— | ||
| As of Dec. 31, 2002 | ||||
| NT$ |
US$ | |||
| (in thousands) | ||||
| Consolidated Balance Sheet Data: |
||||
| ROC GAAP: |
||||
| Accounts receivable |
759,484 |
21,825 | ||
| Deferred assets |
— |
— | ||
| Other receivable |
4,347 |
125 | ||
| Other payable |
1,158 |
33 | ||
| Note | 1: References to “US$” and “U.S. dollars” are to United States dollars and references to “NT$” and “NT dollars” are to New Taiwan dollars. This information contains translations of certain NT dollars amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from NT dollars to U.S. dollars were made at the noon buying rate in The City of New York for cable transfers in NT dollars per U.S. dollars as certified for customs purposes by the Federal Reserve Bank of New York as of Dec 31, 2002, which was NT$34.799 to US$1.00. The convenience translations should not be construed as representations that the NT dollar amounts have been, could have been or could in the future be, converted into U.S. dollars at any particular rate or at all. |
2
Table of Contents
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
(“ChipMOS Bermuda”)
Related Information of Investees
Dec. 31, 2002 (Unaudited)
(In Thousands of New Taiwan Dollars)
| 1. | Names, Location and Other Information of Investees for Whom the Company Exercises Significant Influence |
| Original Investment Amount |
Balance as of Dec 31, 2002 |
Net Income (Loss) of the Investee |
Investment Gain(Loss) |
|||||||||||||||||||||
| Investor |
Investee |
Location |
Main Business and Products |
Dec 31, 2002 |
Dec.31, 2001 |
Shares |
Percentage of Ownership |
Carrying Value |
||||||||||||||||
| ChipMOS TECHNOLOGIES (Bermuda)LTD. |
ChipMOS TECHNOLOGIES INC. |
HsinChu Taiwan |
Research, development, manufacture, testing and packaging of integrated circuits |
8,772,388 |
8,708,825 |
624,057 |
70.34 |
% |
6,847,738 |
|
(1,272,779 |
) |
(887,444 |
) | ||||||||||
| ChipMOS TECHNOLOGIES (Bermuda)LTD. |
ChipMOS Far East Limited |
Hong Kong |
Trading |
— |
— |
— |
100 |
% |
— |
|
— |
|
— |
| ||||||||||
| ChipMOS TECHNOLOGIES INC. |
ChipMOS Japan Inc. |
Tokyo Japan |
Research, development, design, manufacture, testing and packaging of integrated circuits. Marketing of Semi— conductor integrated circuits and electronic parts |
2,699 |
2,699 |
0.2 |
100 |
% |
(914 |
) |
791 |
|
791 |
| ||||||||||
| ChipMOS TECHNOLOGIES INC. |
ChipMOS USA Inc. |
Sunnyvale U.S.A |
Research, development, Marketing and distribution of Semi-conductor, integrated circuits, and electronic related Products |
3,088 |
3,088 |
50 |
100 |
% |
(8,835 |
) |
1,011 |
|
1,011 |
| ||||||||||
| ChipMOS TECHNOLOGIES INC. |
PlusMOS Technologies Inc. |
HsinChu Taiwan |
Manufacture, design, distribution and sale of electronic product |
300,000 |
300,000 |
30,000 |
25 |
% |
51,564 |
|
(6,852 |
) |
(1,712 |
) | ||||||||||
3
Table of Contents
| Original Investment Amount |
Balance as of Dec 31, 2002 |
Net Income (Loss) of the Investee |
Investment Gain(Loss) |
||||||||||||||||||||
| Investor |
Investee |
Location |
Main Business and Products |
Dec 31, 2002 |
Dec.31, 2001 |
Shares |
Percentage of Ownership |
Carrying Value |
|||||||||||||||
| ChipMOS TECHNOLOGIES INC. |
CHANTEK ELECTRONIC CO.,LTD. |
Hsinchu Taiwan |
testing and packaging of integrated circuits, sale of electronic product |
213,789 |
— |
118,772 |
34 |
% |
117,314 |
(1,159,989 |
) |
(90,921 |
) | ||||||||||
| ChipMOS TECHNOLOGIES INC. |
ThaiLin Semiconductor Corp. |
Hsinchu Taiwan |
Research, development, design, manufacture, testing and packaging of integrated circuits. Marketing of Semi—conductor integrated circuits and electronic parts |
668,407 |
— |
83,551 |
41.78 |
% |
666,039 |
(499,368 |
) |
(2,368 |
) | ||||||||||
| 2. | Purchase from or Sales to Related Parties |
| Transaction Details |
Abnormal Transaction |
Notes/Accounts Payable or Receivable |
||||||||||||||||||||
| Investee |
Related Party |
Nature of Relationship |
Purchase / Sale |
Amount |
Percentage to Total |
Payment Term |
Unit Price |
Payment Term |
Dec 31, 2002 |
Percentage To Total |
||||||||||||
| ChipMOS TECHNOLOGIES INC. |
Mosel Vitelic Inc. |
Mosel indirectly Owns 45% of outstanding shares of investee |
Sale |
2,285,348 |
35.02 |
% |
Net 90 days from monthly closing date |
— |
Net 30-60 days from monthly closing |
759,484 |
67.85 |
% | ||||||||||
| ChipMOS TECHNOLOGIES INC. |
Ultima Electronics Corp. |
The investee owns 7.71% of outstanding shares of Ultima Electronics Corp. |
Sale |
1,218,265 |
18.67 |
% |
Net 90 days from monthly closing date |
— |
Net 30-60 days from monthly closing |
331,940 |
29.65 |
% | ||||||||||
4
Table of Contents
| 3. | Receivables from Related Parties |
| Overdue |
Amount Received in Subsequent period |
Allowance For Bad Debts | ||||||||||||||
| Investee |
Related Party |
Nature of Relationship |
Dec. 31, 2002 |
Turnover Rate |
Amount |
Overdue Action Taken |
||||||||||
| ChipMOS TECHNOLOGIES INC. |
Mosel Vitelic Inc. |
Mosel indirectly Owns 45% of outstanding shares of investee |
759,484 |
2.89 |
— |
— |
374,526 |
— | ||||||||
| ChipMOS TECHNOLOGIES INC. |
Ultima Electronics Corp. |
The investee owns 7.71% of outstanding shares of Ultima Electronics Corp. |
331,940 |
3.45 |
— |
— |
230,847 |
— | ||||||||
| 4. | Marketable Securities Held |
| Dec 31, 2002 |
|||||||||||||||||
| Held Company Name |
Marketable Securities Type and Name |
Relationship with ChipMOS Bermuda |
Financial Statement Account |
No. of Shares |
Carrying Value |
Percentage of Ownership |
Market Value or Net Asset Value |
||||||||||
| ChipMOS TECHNOLOGIES (Bermuda) LTD. |
ChipMOS TECHNOLOGIES INC. |
Subsidiary of ChipMOS TECHNOLOGIES (Bermuda) LTD. |
Long-term Investment |
624,057 |
6,847,738 |
|
70.34 |
% |
6,846,825 |
| |||||||
| ChipMOS TECHNOLOGIES (Bermuda) LTD. |
ChipMOS Far East Limited |
Subsidiary of ChipMOS TECHNOLOGIES (Bermuda) LTD. |
Long-term Investment |
— |
— |
|
100 |
% |
— |
| |||||||
| ChipMOS TECHNOLOGIES INC. |
ChipMOS Japan Inc. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
0.2 |
(914 |
) |
100 |
% |
(915 |
) | |||||||
| ChipMOS TECHNOLOGIES INC. |
ChipMOS USA Inc. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
50 |
(8,835 |
) |
100 |
% |
(8,837 |
) | |||||||
| ChipMOS TECHNOLOGIES INC. |
PlusMOS Technologies Inc. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
30,000 |
51,564 |
|
25 |
% |
51,605 |
| |||||||
5
Table of Contents
| Dec 31, 2002 | |||||||||||||||
| Held Company Name |
Marketable Securities Type and Name |
Relationship with ChipMOS Bermuda |
Financial Statement Account |
No. of Shares |
Carrying Value |
Percentage of Ownership |
Market Value or Net Asset Value | ||||||||
| ChipMOS TECHNOLOGIES INC. |
Ultima Electronics Corp. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
18,586 |
218,099 |
7.71 |
% |
331,016 | |||||||
| ChipMOS TECHNOLOGIES INC. |
CHANTEK ELECTRONIC CO.,LTD. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
118,772 |
117,314 |
34 |
% |
214,977 | |||||||
| ChipMOS TECHNOLOGIES INC. |
ThaiLin Semiconductor Corp. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
83,551 |
666,039 |
41.78 |
% |
563,134 | |||||||
| ChipMOS TECHNOLOGIES INC. |
Best Home Corp. Ltd. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
5,990 |
89,850 |
19.91 |
% |
67,343 | |||||||
| ChipMOS TECHNOLOGIES INC. |
Sun-Fund Securities LTD |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
20,000 |
299,000 |
16.67 |
% |
176,964 | |||||||
| ChipMOS TECHNOLOGIES INC. |
PRESIDENT JAMES BOND FUND |
NA |
Short-term Investment |
15,623 |
227,230 |
— |
|
227,230 | |||||||
| ChipMOS TECHNOLOGIES INC. |
TIIM BOND FUND |
NA |
Short-term Investment |
4,737 |
63,056 |
— |
|
63,056 | |||||||
| ChipMOS TECHNOLOGIES INC. |
UNION BOND FUND |
NA |
Short-term Investment |
26,413 |
302,341 |
— |
|
302,341 | |||||||
| ChipMOS TECHNOLOGIES INC. |
TAI-YU LONG RIVER BOND FUND |
NA |
Short-term Investment |
2,567 |
28,493 |
— |
|
28,493 | |||||||
| ChipMOS TECHNOLOGIES INC |
SOLOMON FUND |
NA |
Short-term Investment |
16,425 |
180,000 |
— |
|
180,000 | |||||||
| ChipMOS TECHNOLOGIES INC. |
Mosel Vitelic Inc |
Mosel indirectly owns 64% of outstanding shares of ChipMOS Bermuda |
Short-term Investment |
13,396 |
242,416 |
— |
|
73,812 | |||||||
6
Table of Contents
| 5. | Acquisition or Disposal of Marketable Securities |
| December 31, 2001 |
Acquisition |
Disposal |
Dec 31, 2002 | |||||||||||||||||||||
| Company Name |
Marketable Securities Type And Name |
Accounts of Financial Statement |
Shares |
Amount |
Shares |
Amount |
Shares |
Amount |
Carrying Value |
Gain(loss) on Disposal |
Shares |
Amount | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
PRESIDENT JAMES BOND FUND |
Short-term investment |
2,497 |
35,329 |
82,553 |
1,194,142 |
69,427 |
1,004,525 |
1,002,241 |
2,284 |
15,623 |
227,230 | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
HSBC NTD MONEY MANAGEMENT FUND 2 |
Short-term investment |
1,620 |
21,055 |
23,232 |
305,142 |
24,852 |
327,115 |
326,197 |
918 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
UBS TAIWAN BOND FUND |
Short-term investment |
1,706 |
23,359 |
22,825 |
316,580 |
24,531 |
341,058 |
339,939 |
1,119 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
ASIA PACIFIC BOND FUND |
Short-term investment |
4,305 |
50,167 |
50,875 |
603,154 |
55,180 |
655,120 |
653,321 |
1,799 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
FIRST GLOBAL WANTAI ASSETS INCOME FUND |
Short-term investment |
11,827 |
152,288 |
15,699 |
204,367 |
27,526 |
358,128 |
356,655 |
1,473 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
TA CHONG BOND FUND |
Short-term investment |
5,224 |
62,218 |
22,405 |
272,022 |
27,629 |
335,206 |
334,240 |
966 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
TA CHONG GALLOP BOND FUND |
Short-term investment |
— |
— |
9,848 |
100,000 |
9,848 |
100,160 |
100,000 |
160 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
TIIM BOND FUND |
Short-term investment |
3,431 |
44,356 |
70,896 |
936,890 |
69,590 |
919,914 |
918,190 |
1,724 |
4,737 |
63,056 | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
UNION BOND FUND |
Short-term investment |
4,111 |
45,765 |
144,909 |
1,647,002 |
122,607 |
1,393,093 |
1,390,426 |
2,667 |
26,413 |
302,341 | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
TAI-YU LONG RIVER BOND FUND |
Short-term investment |
10,128 |
109,223 |
136,380 |
1,501,639 |
143,941 |
1,584,978 |
1,582,369 |
2,609 |
2,567 |
28,493 | ||||||||||||
7
Table of Contents
| December 31, 2001 |
Acquisition |
Disposal |
Dec 31, 2002 | ||||||||||||||||||||||
| Company Name |
Marketable Securities Type And Name |
Accounts of Financial Statement |
Shares |
Amount |
Shares |
Amount |
Shares |
Amount |
Carrying Value |
Gain(loss) on Disposal |
Shares |
Amount | |||||||||||||
| ChipMOS TECHNOLOGIES INC. |
SOLOMON FUND |
Short-term investment |
6,767 |
72,107 |
63,374 |
690,233 |
53,716 |
584,207 |
582,340 |
|
1,867 |
16,425 |
180,000 | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
TRUSWELL BOND FUND |
Short-term investment |
— |
— |
25,026 |
297,249 |
25,026 |
297,915 |
297,249 |
|
666 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
NAM Fund |
Short-term investment |
— |
— |
324 |
138,875 |
324 |
139,341 |
138,875 |
|
466 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
Mosel Vitelic Inc |
Short-term investment |
— |
— |
13,396 |
242,416 |
— |
— |
— |
|
— |
13,396 |
242,416 | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
ThaiLin Semiconductor Corp. |
Long-term investment |
— |
— |
83,551 |
668,407 |
— |
— |
2,368 (Note1 |
) |
— |
83,551 |
666,039 | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
Sun-Fund Securities LTD |
Long-term investment |
— |
— |
20,000 |
299,000 |
— |
— |
— |
|
— |
20,000 |
299,000 | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
CHANTEK ELECTRONIC CO.,LTD. |
Long-term investment |
— |
— |
118,772 |
213,789 |
— |
— |
96,475 (Note1.2 |
) |
— |
118,772 |
117,314 | ||||||||||||
Note 1:Long-term investment loss.
Note 2:The variance of the net asset value.
| 6. | Endorsement and Guarantee Provided |
| Collateral Provider |
Counter Party |
Limitation on Collateral |
Maximum Balance for the period |
Dec 31, 2002 |
Amount of properties guaranteed by collateral |
% of accumulated amount of collateral on net equity of the latest financial statement |
|||||||||||||
| Name |
Relationship with ChipMOS Bermuda |
||||||||||||||||||
| ChipMOS TECHNOLOGIES INC. |
Ultima Electronics Corp. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
$ |
11,680,680 |
$ |
600,000 |
$ |
600,000 |
$ |
600,000 |
6.16 |
% | |||||||
8
Table of Contents
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
Selected Unaudited Consolidated Financial Data
(In Thousands, Except Earnings Per Share and Par Value Data)
| Three Months Ended Mar. 31, 2003 |
||||||
| NT$ |
US$ |
|||||
| Consolidated Statement of Income Data: |
||||||
| ROC GAAP: |
||||||
| Net revenues |
1,699,262 |
|
49,005 |
| ||
| Gross profit |
68,845 |
|
1,985 |
| ||
| Net income |
(107,301 |
) |
(3,094 |
) | ||
| Earnings per share |
(1.82 |
) |
(0.05 |
) | ||
| As of Mar. 31, 2003 | ||||
| NT$ |
US$ | |||
| Consolidated Balance Sheet Data: |
||||
| ROC GAAP: |
||||
| Total Assets |
18,408,613 |
530,187 | ||
| Total Liabilities |
11,066,388 |
318,723 | ||
| Capital Stock. |
19,233 |
554 | ||
| — Par value US$0.01 |
||||
| — Issued 58,873 thousand shares |
||||
| Capital Surplus |
7,645,967 |
220,212 | ||
| Total Shareholders’ Equity |
7,342,225 |
211,464 | ||
1
Table of Contents
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
Selected Unaudited Consolidated Financial Data in Connection with
Related Party Transactions with Mosel Vitelic Inc.
| Three Months Ended Mar. 31, 2003 | ||||
| NT$ |
US$ | |||
| (in thousands) | ||||
| Consolidated Statement of Income Data: |
||||
| ROC GAAP: |
||||
| Sales |
656,686 |
18,938 | ||
| Rental revenue |
1,200 |
35 | ||
| Administrative expenses |
1,289 |
37 | ||
| Rental expense |
676 |
19 | ||
| Other non-operating income |
11 |
— | ||
| As of Mar. 31, 2003 | ||||
| NT$ |
US$ | |||
| (in thousands) | ||||
| Consolidated Balance Sheet Data: |
||||
| ROC GAAP: |
||||
| Accounts receivable |
1,243,287 |
35,808 | ||
| Deferred assets |
— |
— | ||
| Other receivable |
5,194 |
150 | ||
| Other payable |
1,797 |
52 | ||
| Note | 1: References to “US$” and “U.S. dollars” are to United States dollars and references to “NT$” and “NT dollars” are to New Taiwan dollars. This information contains translations of certain NT dollars amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from NT dollars to U.S. dollars were made at the noon buying rate in The City of New York for cable transfers in NT dollars per U.S. dollars as certified for customs purposes by the Federal Reserve Bank of New York as of Mar. 31, 2003, which was NT$34.721 to US$1.00. The convenience translations should not be construed as representations that the NT dollar amounts have been, could have been or could in the future be, converted into U.S. dollars at any particular rate or at all. |
2
Table of Contents
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
(“ChipMOS Bermuda”)
Related Information of Investees
Mar. 31, 2003 (Unaudited)
(In Thousands of New Taiwan Dollars)
| 1. | Names, Location and Other Information of Investees for Whom the Company Exercises Significant Influence |
| Original Investment Amount |
Balance as of Mar 31, 2003 |
Net Income (Loss) of the Investee |
Investment Gain (Loss) |
|||||||||||||||||||||
| Investor |
Investee |
Location |
Main Business and Products |
Mar. 31, 2003 |
Dec 31, 2002 |
Shares |
Percentage of Ownership |
Carrying Value |
||||||||||||||||
| ChipMOS TECHNOLOGIES (Bermuda)LTD. |
ChipMOS TECHNOLOGIES INC. |
HsinChu Taiwan |
Research, development, manufacture, testing and packaging of integrated circuits |
8,772,388 |
8,772,388 |
624,057 |
70.34 |
% |
6,757,465 |
|
(128,297 |
) |
(90,276 |
) | ||||||||||
| ChipMOS TECHNOLOGIES (Bermuda)LTD. |
ChipMOS Far East Limited |
Hong Kong |
Trading |
— |
— |
— |
100 |
% |
— |
|
— |
|
— |
| ||||||||||
| ChipMOS TECHNOLOGIES INC. |
ChipMOS Japan Inc. |
Tokyo Japan |
Research, development, design, manufacture, testing and packaging of integrated circuits. Marketing of Semi—conductor integrated circuits and electronic parts |
2,699 |
2,699 |
0.2 |
100 |
% |
(795 |
) |
117 |
|
117 |
| ||||||||||
| ChipMOS TECHNOLOGIES INC. |
ChipMOS USA Inc. |
Sunnyvale U.S.A |
Research, development, Marketing and distribution of Semi-conductor, integrated circuits, and electronic related Products |
3,088 |
3,088 |
50 |
100 |
% |
(8,173 |
) |
660 |
|
660 |
| ||||||||||
| ChipMOS TECHNOLOGIES INC. |
PlusMOS Technologies Inc. |
HsinChu Taiwan |
Manufacture, design, distribution and sale of electronic product |
300,000 |
300,000 |
30,000 |
25 |
% |
54,146 |
|
2,898 |
|
2,581 |
| ||||||||||
3
Table of Contents
| Original Investment Amount |
Balance as of Mar. 31, 2003 |
Net Income (Loss) of the Investee |
Investment Gaini (Loss) |
||||||||||||||||||||
| Investor |
Investee |
Location |
Main Business and Products |
Mar 31, 2003 |
Dec 31, 2002 |
Shares |
Percentage of Ownership |
Carrying Value |
|||||||||||||||
| ChipMOS TECHNOLOGIES INC. |
CHANTEK ELECTRONIC CO.,LTD. |
Hsinchu Taiwan |
testing and packaging of integrated circuits, sale of electronic product |
213,790 |
213,790 |
118,772 |
34 |
% |
99,608 |
(54,172 |
) |
(17,707 |
) | ||||||||||
| ChipMOS TECHNOLOGIES INC. |
ThaiLin Semiconductor Corp. |
Hsinchu Taiwan |
Research, development, design, manufacture, testing and packaging of integrated circuits. Marketing of Semi—conductor integrated circuits and electronic parts |
668,407 |
668,407 |
83,551 |
41.78 |
% |
631,674 |
(95,320 |
) |
(34,365 |
) | ||||||||||
| ChipMOS TECHNOLOGIES INC. |
Advanced Micro Chip Technology Co.,Ltd |
Hsinchu Taiwan |
Sale of electronic product ,International trading |
31,590 |
— |
9,183 |
29.43 |
% |
30,870 |
(5,515 |
) |
(719 |
) | ||||||||||
4
Table of Contents
| 2. | Purchase from or Sales to Related Parties |
| Transaction Details |
Abnormal Transaction |
Notes/Accounts Payable or Receivable |
||||||||||||||||||||
| Investee |
Related Party |
Nature of Relationship |
Purchase / Sale |
Amount |
Percentage to Total |
Payment Term |
Unit Price |
Payment Term |
Mar. 31, 2003 |
Percentage To Total |
||||||||||||
| ChipMOS TECHNOLOGIES INC. |
Mosel Vitelic Inc. |
Mosel indirectly Owns 45% of outstanding shares of investee |
Sale |
656,686 |
38.64 |
% |
Net 90 days from monthly closing date |
— |
— |
1,243,287 |
52.29 |
% | ||||||||||
| ChipMOS TECHNOLOGIES INC. |
Ultima Electronics Corp. |
The investee owns 7.71% of outstanding shares of Ultima Electronics Corp. |
Sale |
352,160 |
20.72 |
% |
Net 90 days from monthly closing date |
— |
— |
524,864 |
22.08 |
% | ||||||||||
| 3. | Receivables from Related Parties |
| Overdue |
Amount Received in Subsequent period |
Allowance For Bad Debts | ||||||||||||||
| Investee |
Related Party |
Nature of Relationship |
Mar. 31, 2003 |
Turnover Rate |
Amount |
Overdue Action Taken |
||||||||||
| ChipMOS TECHNOLOGIES INC. |
Mosel Vitelic Inc. |
Mosel indirectly Owns 45% of outstanding shares of investee |
1,248,481 |
2.61 |
— |
— |
— |
— | ||||||||
| ChipMOS TECHNOLOGIES INC. |
Ultima Electronics Corp. |
The investee owns 7.71% of outstanding shares of Ultima Electronics Corp. |
524,920 |
3.31 |
— |
— |
— |
— | ||||||||
5
Table of Contents
| 4. | Marketable Securities Held |
| Mar. 31, 2003 |
|||||||||||||||||
| Held Company Name |
Marketable Securities Type and Name |
Relationship with ChipMOS Bermuda |
Financial Statement Account |
No. of Shares |
Carrying Value |
Percentage of Ownership |
Market Value or Net Asset Value |
||||||||||
| ChipMOS TECHNOLOGIES (Bermuda) LTD. |
ChipMOS TECHNOLOGIES INC. |
Subsidiary of ChipMOS TECHNOLOGIES (Bermuda) LTD. |
Long-term Investment |
624,057 |
6,757,465 |
|
70.34 |
% |
6,756,584 |
| |||||||
| ChipMOS TECHNOLOGIES (Bermuda) LTD. |
ChipMOS Far East Limited |
Subsidiary of ChipMOS TECHNOLOGIES (Bermuda) LTD. |
Long-term Investment |
— |
— |
|
100 |
% |
— |
| |||||||
| ChipMOS TECHNOLOGIES INC. |
ChipMOS Japan Inc. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
0.2 |
(795 |
) |
100 |
% |
(795 |
) | |||||||
| ChipMOS TECHNOLOGIES INC. |
ChipMOS USA Inc. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
50 |
(8,173 |
) |
100 |
% |
(8,173 |
) | |||||||
| ChipMOS TECHNOLOGIES INC. |
PlusMOS Technologies Inc. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
30,000 |
54,146 |
|
25 |
% |
52,330 |
| |||||||
| ChipMOS TECHNOLOGIES INC. |
CHANTEK ELECTRONIC CO.,LTD. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
118,772 |
99,608 |
|
34 |
% |
205,476 |
| |||||||
| ChipMOS TECHNOLOGIES INC. |
ThaiLin Semiconductor Corp. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
83,551 |
631,674 |
|
41.78 |
% |
502,142 |
| |||||||
| ChipMOS TECHNOLOGIES INC. |
Advanced Micro Chip Technology Co.,Ltd |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
9,183 |
30,870 |
|
29.43 |
% |
27,129 |
| |||||||
| ChipMOS TECHNOLOGIES INC. |
Best Home Corp. Ltd. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
5,990 |
89,850 |
|
19.91 |
% |
68,074 |
| |||||||
| ChipMOS TECHNOLOGIES INC. |
Sun-Fund Securities LTD |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
20,000 |
299,000 |
|
16.67 |
% |
172,290 |
| |||||||
| ChipMOS TECHNOLOGIES INC. |
Ultima Electronics Corp. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
Long-term Investment |
18,586 |
218,099 |
|
7.71 |
% |
253,884 |
| |||||||
6
Table of Contents
| Mar 31, 2003 | ||||||||||||||
| Held Company Name |
Marketable Securities Type and Name |
Relationship with ChipMOS Bermuda |
Financial Statement Account |
No. of Shares |
Carrying Value |
Percentage of Ownership |
Market Value or Net Asset Value | |||||||
| ChipMOS TECHNOLOGIES INC. |
TIIM BOND FUND |
NA |
Short-term Investment |
5,612 |
75,109 |
— |
75,109 | |||||||
| ChipMOS TECHNOLOGIES INC. |
Mosel Vitelic Inc |
Mosel indirectly owns 64% of outstanding shares of ChipMOS Bermuda |
Short-term Investment |
13,396 |
242,416 |
— |
64,435 | |||||||
| 5. | Acquisition or Disposal of Marketable Securities |
| December 31, 2002 |
Acquisition |
Disposal |
Mar. 31, 2003 | |||||||||||||||||||||
| Company Name |
Marketable Securities Type And Name |
Accounts of Fincial Statement |
Shares |
Amount |
Shares |
Amount |
Shares |
Amount |
Carrying Value |
Gain(loss) on Disposal |
Shares |
Amount | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
PRESIDENT JAMES BOND FUND |
Short-term Investment |
15,623 |
227,229 |
6,851 |
100,000 |
22,474 |
327,522 |
327,229 |
293 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
TIIM BOND FUND |
Short-term Investment |
4,737 |
63,056 |
15,865 |
212,109 |
14,990 |
200,398 |
200,056 |
342 |
5,612 |
75,109 | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
UNION BOND FUND |
Short-term Investment |
26,413 |
302,341 |
4,349 |
50,000 |
30,762 |
352,956 |
352,341 |
615 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
SOLOMON FUND |
Short-term Investment |
16,425 |
180,000 |
11,951 |
131,000 |
28,376 |
311,545 |
311,000 |
545 |
— |
— | ||||||||||||
| ChipMOS TECHNOLOGIES INC. |
Mosel Vitelic Inc |
Short-term Investment |
13,396 |
242,416 |
— |
— |
— |
— |
— |
— |
13,396 |
64,435 (Note1) | ||||||||||||
Note 1:The variance is the tax-free investment loss $177,981.
7
Table of Contents
| 6. | Endorsement and Guarantee Provided |
| Collateral Provider |
Counter Party |
Limitation on Collateral |
Maximum Balance for the period |
Mar. 31, 2003 |
Amount of properties guaranteed by collateral |
% of accumulated amount of collateral on net equity of the latest financial statement |
||||||||||||||
| Name |
Relationship with ChipMOS Bermuda |
|||||||||||||||||||
| ChipMOS TECHNOLOGIES INC. |
Ultima Electronics Corp. |
Subsidiary of ChipMOS TECHNOLOGIES INC. |
$ |
11,680,680 |
$ |
600,000 |
$ |
600,000 |
$ |
600,000 |
$ |
6.16 |
% | |||||||
8