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 May, 2014
ChipMOS TECHNOLOGIES (Bermuda) LTD.
(Translation of Registrant’s Name Into English)
No. 1, R&D Rd. 1, Hsinchu Science 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 x 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 x
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)
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: May 14, 2014 | By | /S/ S. J. Cheng | ||||
| Name: | S. J. Cheng | |||||
| Title: | Chairman & Chief Executive Officer | |||||
| Contacts: | ||
| In Taiwan Dr. S.K. Chen ChipMOS TECHNOLOGIES (Bermuda) LTD. +886-6-507-7712 s.k._chen@chipmos.com |
In the U.S. David Pasquale Global IR Partners +1-914-337-8801 dpasquale@globalirpartners.com |
ChipMOS REPORTS FIRST QUARTER 2014 RESULTS
1Q14 Highlights (as compared to 4Q13):
| • | Net Revenue Increased 2.0% to US$163.8 Million from US$160.6 Million |
| • | Gross Profit Increased to US$32.4 Million from US$30.5 Million |
| • | Gross Margin Improved to 19.8% from 19.0% |
| • | Net Earnings on an IFRSs Consolidated Basis of US$0.37 Per Basic and US$0.36 Per Diluted Share Compared to US$0.19 Per Basic and US$0.18 Per Diluted Share |
| • | Generated US$12.0 Million of Free Cash Flow after US$18.7 Million of CapEx |
| • | Reduced Total Debt by an additional US$44.5 million to US$203.5 million |
| • | Retained Balance of Cash and Cash Equivalents at US$404.2 Million |
| • | Company’s Majority Owned Subsidiary Commenced Trading on Taiwan’s Main Stock Exchange on April 11, 2014 |
Hsinchu, Taiwan, May 14, 2014 - ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported unaudited consolidated financial results for the first quarter ended March 31, 2014. All U.S. dollar figures in this release are based on the exchange rate of NT$30.45 against US$1.00 as of March 31, 2014.
Net revenue for the first quarter of 2014 was NT$4,989.0 million or US$163.8 million, an increase of 2.0% from NT$4,890.1 million or US$160.6 million in the fourth quarter of 2013 and an increase of 12.9% from NT$4,420.7 million or US$145.2 million for the same period in 2013. This is at the high-end of the Company’s guidance for first quarter of 2014 revenue to be flat to up in the low single digits as compared to the fourth quarter of 2013.
Net income for the first quarter of 2014 was NT$331.1 million or US$10.9 million, and NT$11.14 or US$0.37 per basic common share and NT$10.87 or US$0.36 per diluted common share, as compared to net income for the fourth quarter of 2013 of NT$170.8 million or US$5.6 million, and NT$5.77 or US$0.19 per basic common share and NT$5.63 or US$0.18 per diluted common share, and compared to net income in the first quarter of 2013 of NT$363.6 million or US$11.9 million, and NT$12.58 or US$0.41 per basic common share and NT$12.31 or US$0.40 per diluted common share.
The unaudited consolidated financial results of ChipMOS for the first quarter ended March 31, 2014 included the financial results of ChipMOS TECHNOLOGIES INC. (“ChipMOS Taiwan”), ChipMOS U.S.A., Inc., ThaiLin Semiconductor Corp. and MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD.
S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, “We started the year off with first quarter revenue growth in a normally seasonally lower quarter. Strength in our LCD driver and our memory markets helped us achieve first quarter 2014 revenue at the high-end of the Company’s guidance. Revenue from DRAM, mainly niche DRAM, increased 16.3% in Q1’14 sequentially and our WLSCP revenue grew 20.8% in Q1 compared to Q4’13. Our overall capacity utilization rate improved to 77% compared to 76% in Q4’13 and 75% in the same period one year ago. We are optimistic about the future for ChipMOS given the Company’s market leadership, optimized customer base and our financial strength. We are executing on our business strategy and have numerous catalysts for profitable growth. We expect to see continued momentum in 2014, led by robust demand in our LCD driver and memory demand in mobile applications and UHD TVs.”
S.K. Chen, Chief Financial Officer of ChipMOS, said, “Our business mix and improved utilization allowed us to drive further improvements in gross margin to 19.8% in the first quarter. We expect to achieve further improvements in gross margin in the second quarter, led by our business momentum, improved utilization and overall conservative CapEx strategy. We exited the first quarter with a strong balance of cash and cash equivalents at US$404.2 million, with free cash flow of US$12.0 million in Q1 2014 after CapEx of US$18.7 million in the first quarter. Our total debt was reduced by another US$44.5 million to US$203.5 million, which in turn improved our net debt to equity ratio to -44.0% as of March 31, 2014. The increase in consolidated income taxes for the first quarter is due to the higher amount paid by ThaiLin for the gain recognized on the share sales related to the Company’s efforts in enabling ChipMOS Taiwan to meet the listing eligibility requirements for Taiwan Stock Exchange (“TWSE”) and our consolidated income tax rate will revert to a normalized level in the second quarter of 2014.”
Selected Operation Data
| 1Q14 | 4Q13 | |||||||
| Revenue by segment |
||||||||
| Testing |
23 | % | 24 | % | ||||
| Assembly |
34 | % | 33 | % | ||||
| LCD Driver |
24 | % | 25 | % | ||||
| Bumping |
19 | % | 18 | % | ||||
| Utilization by segment |
||||||||
| Testing |
69 | % | 70 | % | ||||
| Assembly |
77 | % | 75 | % | ||||
| LCD Driver |
75 | % | 76 | % | ||||
| Bumping |
90 | % | 87 | % | ||||
| Overall |
77 | % | 76 | % | ||||
| CapEx |
US$ | 18.7 million | US$ | 40.4 million | ||||
| Testing |
34 | % | 6 | % | ||||
| Assembly |
29 | % | 20 | % | ||||
| LCD Driver |
9 | % | 65 | % | ||||
| Bumping |
28 | % | 9 | % | ||||
| Depreciation and amortization expenses |
US$ | 24.6 million | US$ | 24.6 million | ||||
| Condensed consolidated statements of cash flows | Period ended Mar. 31, 2014 US$ million |
Period ended Mar. 31, 2013 US$ million |
||||||
| Net cash generated from (used in) operating activities |
46.6 | 42.8 | ||||||
| Net cash generated from (used in) investing activities |
(35.7 | ) | (20.5 | ) | ||||
| Net cash generated from (used in) financing activities |
(45.9 | ) | (34.6 | ) | ||||
| Net increase (decrease) in cash and cash equivalents |
(35.0 | ) | (12.3 | ) | ||||
| Effect of exchange rate changes on cash |
(0.0 | ) | (0.2 | ) | ||||
| Cash and cash equivalents at beginning of period |
439.2 | 291.1 | ||||||
| Cash and cash equivalents at end of period |
404.2 | 278.6 | ||||||
Taiwan Listing Update
Our subsidiary, ChipMOS Taiwan, commences trading on TWSE on April 11, 2014 under Stock Ticker 8150, with 864.6 million shares outstanding, of which the Company owns approximately 522.1 million or 60.4% of the shares outstanding. Shares that previously traded on the Gre Tai Securities Market now trade on the TWSE and ceased trading on the Gre Tai Securities Market.
Second Quarter 2014 Outlook
Led by expected demand from the LCD driver and memory market for both mobile applications and UHD TVs, the Company expects second quarter of 2014 revenue to increase approximately 8% to 12% as compared to the first quarter of 2014. The Company expects gross margin on a consolidated basis to be in the range of approximately 21% to 24% for the second quarter of 2014. The Company expects depreciation and amortization expenses for the second quarter of 2014 to be approximately US$24 million. Operating expenses are expected to be approximately 6% to 8% of revenues in the second quarter of 2014. The Company expects CapEx spending to be approximately US$24 million in the second quarter of 2014, with CapEx spending for the full year 2014 to be less than US$80 million. The total number of the Company’s outstanding common shares at the end of the second quarter of 2014 is expected to be approximately 30 million.
Investor Conference Call / Webcast Details
ChipMOS will review detailed first quarter 2014 results on Wednesday, May 14, 2014 at 8:00 a.m. Eastern Time (8:00 p.m. Taiwan time, Wednesday, May 14, 2014). The conference call-in number is +1-201-689-8562. A live webcast of the conference call will be available at ChipMOS’ website at http://www.chipmos.com. The playback is scheduled to be available in 2 hours after the conclusion of the conference call and will be accessible by dialing +1-858-384-5517, with confirmation ID number 13580784.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (NASDAQ: IMOS) (http://www.chipmos.com) is an industry leading provider of semiconductor assembly and testing services. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company’s majority-owned subsidiary, ChipMOS Taiwan, is listed on TWSE under Stock Ticker 8150.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.
- FINANCIAL TABLES FOLLOW BELOW -
ChipMOS TECHNOLOGIES (Bermuda) LTD.
UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the Three Months Ended Mar. 31, 2014, Dec. 31, and Mar. 31, 2013
Figures in Million of U.S. dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding
| 3 months ended | ||||||||||||
| Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | ||||||||||
| USD | USD | USD | ||||||||||
| Revenue |
163.8 | 160.6 | 145.2 | |||||||||
| Cost of revenue |
(131.4 | ) | (130.1 | ) | (125.0 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| Gross profit |
32.4 | 30.5 | 20.2 | |||||||||
|
|
|
|
|
|
|
|||||||
| Other operating income |
0.6 | 0.4 | 3.8 | |||||||||
| Research and development expenses |
(5.6 | ) | (5.3 | ) | (4.1 | ) | ||||||
| Sales and marketing expenses |
(0.9 | ) | (0.8 | ) | (0.7 | ) | ||||||
| Administrative and general expenses |
(5.8 | ) | (6.3 | ) | (4.6 | ) | ||||||
| Other operating expenses |
(0.5 | ) | (1.1 | ) | (0.1 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| Operating profit |
20.2 | 17.4 | 14.5 | |||||||||
|
|
|
|
|
|
|
|||||||
| Non-operating income (expense), net |
3.9 | 2.0 | 4.0 | |||||||||
|
|
|
|
|
|
|
|||||||
| Profit (loss) before tax |
24.1 | 19.4 | 18.5 | |||||||||
| Income tax benefit (expense) |
(8.5 | ) | (12.3 | ) | (3.4 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| Profit (loss) for the year |
15.6 | 7.1 | 15.1 | |||||||||
|
|
|
|
|
|
|
|||||||
| Attributable to: |
||||||||||||
| Equity holders of the Company |
10.9 | 5.6 | 11.9 | |||||||||
| Non-controlling interests |
4.7 | 1.5 | 3.2 | |||||||||
|
|
|
|
|
|
|
|||||||
| 15.6 | 7.1 | 15.1 | ||||||||||
|
|
|
|
|
|
|
|||||||
| Profit (loss) for the year |
15.6 | 7.1 | 15.1 | |||||||||
| Other comprehensive income (loss): |
||||||||||||
| Exchange differences on translation of foreign operations |
0.1 | 0.3 | 0.5 | |||||||||
| Net actuarial losses |
— | (1.0 | ) | — | ||||||||
| Income tax effect |
— | 0.2 | — | |||||||||
|
|
|
|
|
|
|
|||||||
| Total other comprehensive income (loss) |
0.1 | (0.5 | ) | 0.5 | ||||||||
|
|
|
|
|
|
|
|||||||
| Total comprehensive income (loss) |
15.7 | 6.6 | 15.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| Attributable to: |
||||||||||||
| Equity holders of the Company |
10.9 | 4.7 | 12.3 | |||||||||
| Non-controlling interests |
4.8 | 1.9 | 3.3 | |||||||||
|
|
|
|
|
|
|
|||||||
| 15.7 | 6.6 | 15.6 | ||||||||||
|
|
|
|
|
|
|
|||||||
| Earnings (loss) per share attributable to the Company – basic |
0.37 | 0.19 | 0.41 | |||||||||
|
|
|
|
|
|
|
|||||||
| Shares outstanding (in thousands) – basic |
29,727 | 29,621 | 28,893 | |||||||||
|
|
|
|
|
|
|
|||||||
| Net income (loss) attributable to the Company – diluted |
10.9 | 5.6 | 11.9 | |||||||||
|
|
|
|
|
|
|
|||||||
| Earnings (loss) per share attributable to the Company – diluted |
0.36 | 0.18 | 0.40 | |||||||||
|
|
|
|
|
|
|
|||||||
| Shares outstanding (in thousands) – diluted |
30,467 | 30,357 | 29,542 | |||||||||
|
|
|
|
|
|
|
|||||||
Note:
| (1) | All U.S. dollar figures in this release are based on the exchange rate of NT$30.45 against US$1.00 as of Mar. 31, 2014. The convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. |
ChipMOS TECHNOLOGIES (Bermuda) LTD.
UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the Three Months Ended Mar. 31, 2014, Dec. 31, and Mar. 31, 2013
Figures in Million of NT dollars (NTD)
Except for Per Share Amounts and Shares Outstanding
| 3 months ended | ||||||||||||
| Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | ||||||||||
| NTD | NTD | NTD | ||||||||||
| Revenue |
4,989.0 | 4,890.1 | 4,420.7 | |||||||||
| Cost of revenue |
(4,003.0 | ) | (3,960.7 | ) | (3,804.9 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| Gross profit |
986.0 | 929.4 | 615.8 | |||||||||
|
|
|
|
|
|
|
|||||||
| Other operating income |
19.2 | 11.9 | 114.6 | |||||||||
| Research and development expenses |
(170.0 | ) | (161.8 | ) | (123.7 | ) | ||||||
| Sales and marketing expenses |
(27.3 | ) | (24.6 | ) | (22.5 | ) | ||||||
| Administrative and general expenses |
(176.1 | ) | (193.4 | ) | (141.4 | ) | ||||||
| Other operating expenses |
(15.6 | ) | (33.1 | ) | (1.4 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| Operating profit |
616.2 | 528.4 | 441.4 | |||||||||
|
|
|
|
|
|
|
|||||||
| Non-operating income (expense), net |
118.6 | 60.9 | 121.3 | |||||||||
|
|
|
|
|
|
|
|||||||
| Profit (loss) before tax |
734.8 | 589.3 | 562.7 | |||||||||
| Income tax benefit (expense) |
(258.9 | ) | (374.1 | ) | (101.5 | ) | ||||||
|
|
|
|
|
|
|
|||||||
| Profit (loss) for the year |
475.9 | 215.2 | 461.2 | |||||||||
|
|
|
|
|
|
|
|||||||
| Attributable to: |
||||||||||||
| Equity holders of the Company |
331.1 | 170.8 | 363.6 | |||||||||
| Non-controlling interests |
144.8 | 44.4 | 97.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| 475.9 | 215.2 | 461.2 | ||||||||||
|
|
|
|
|
|
|
|||||||
| Profit (loss) for the year |
475.9 | 215.2 | 461.2 | |||||||||
| Other comprehensive income (loss): |
||||||||||||
| Exchange differences on translation of foreign operations |
2.3 | 8.4 | 14.2 | |||||||||
| Net actuarial losses |
— | (30.6 | ) | — | ||||||||
| Income tax effect |
— | 5.2 | — | |||||||||
|
|
|
|
|
|
|
|||||||
| Total other comprehensive income (loss) |
2.3 | (17.0 | ) | 14.2 | ||||||||
|
|
|
|
|
|
|
|||||||
| Total comprehensive income (loss) |
478.2 | 198.2 | 475.4 | |||||||||
|
|
|
|
|
|
|
|||||||
| Attributable to: |
||||||||||||
| Equity holders of the Company |
332.5 | 141.8 | 375.6 | |||||||||
| Non-controlling interests |
145.7 | 56.4 | 99.8 | |||||||||
|
|
|
|
|
|
|
|||||||
| 478.2 | 198.2 | 475.4 | ||||||||||
|
|
|
|
|
|
|
|||||||
| Earnings (loss) per share attributable to the Company – basic |
11.14 | 5.77 | 12.58 | |||||||||
|
|
|
|
|
|
|
|||||||
| Shares outstanding (in thousands) – basic |
29,727 | 29,621 | 28,893 | |||||||||
|
|
|
|
|
|
|
|||||||
| Net income (loss) attributable to the Company – diluted |
331.1 | 170.8 | 363.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| Earnings (loss) per share attributable to the Company – diluted |
10.87 | 5.63 | 12.31 | |||||||||
|
|
|
|
|
|
|
|||||||
| Shares outstanding (in thousands) – diluted |
30,467 | 30,357 | 29,542 | |||||||||
|
|
|
|
|
|
|
|||||||
ChipMOS TECHNOLOGIES (Bermuda) LTD.
UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As of Mar. 31, 2014, Dec. 31, and Mar. 31, 2013
Figures in Million of U.S. dollars (USD) (1)
| Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | ||||||||||
| USD | USD | USD | ||||||||||
| ASSETS |
||||||||||||
| Non-current assets |
||||||||||||
| Available-for-sale financial assets |
0.3 | 0.3 | 0.4 | |||||||||
| Property, plant & equipment |
414.8 | 420.7 | 399.3 | |||||||||
| Other non-current assets |
10.6 | 10.9 | 20.4 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total non-current assets |
425.7 | 431.9 | 420.1 | |||||||||
|
|
|
|
|
|
|
|||||||
| Current assets |
||||||||||||
| Inventories |
49.4 | 49.9 | 57.0 | |||||||||
| Accounts and notes receivable |
136.7 | 135.1 | 128.5 | |||||||||
| Short-term deposits |
9.1 | 6.0 | 30.9 | |||||||||
| Other current assets |
8.5 | 8.8 | 8.6 | |||||||||
| Cash and cash equivalents |
404.2 | 439.2 | 278.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total current assets |
607.9 | 639.0 | 503.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total assets |
1,033.6 | 1,070.9 | 923.7 | |||||||||
|
|
|
|
|
|
|
|||||||
| EQUITY AND LIABILITIES |
||||||||||||
| EQUITY |
||||||||||||
| Issued capital |
1.1 | 1.2 | 1.3 | |||||||||
| Capital surplus |
387.2 | 392.3 | 378.4 | |||||||||
| Treasury stock |
— | (9.7 | ) | (20.9 | ) | |||||||
| Retained earnings |
53.4 | 47.3 | 22.7 | |||||||||
| Other component of equity |
14.5 | 14.4 | 14.1 | |||||||||
|
|
|
|
|
|
|
|||||||
| Equity attributable to equity holders of the Company |
456.2 | 445.5 | 395.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| Non-controlling interests |
237.5 | 230.7 | 135.8 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total equity |
693.7 | 676.2 | 531.4 | |||||||||
|
|
|
|
|
|
|
|||||||
| LIABILITIES |
||||||||||||
| Non-current liabilities |
||||||||||||
| Bank loans – non-current portion |
97.5 | 127.7 | 182.7 | |||||||||
| Other non-current liabilities |
19.2 | 19.2 | 15.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total non-current liabilities |
116.7 | 146.9 | 198.3 | |||||||||
|
|
|
|
|
|
|
|||||||
| Current liabilities |
||||||||||||
| Accounts payable and payables to contractors and equipment suppliers |
41.3 | 59.6 | 45.5 | |||||||||
| Other current liabilities |
75.9 | 67.9 | 59.5 | |||||||||
| Bank loans – current portion |
74.3 | 94.4 | 76.7 | |||||||||
| Short-term bank loans |
31.7 | 25.9 | 12.3 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total current liabilities |
223.2 | 247.8 | 194.0 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total liabilities |
339.9 | 394.7 | 392.3 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total equity and liabilities |
1,033.6 | 1,070.9 | 923.7 | |||||||||
|
|
|
|
|
|
|
|||||||
Note:
| (1) | All U.S. dollar figures in this release are based on the exchange rate of NT$30.45 against US$1.00 as of Mar. 31, 2014. The convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. |
ChipMOS TECHNOLOGIES (Bermuda) LTD.
UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As of Mar. 31, 2014, Dec. 31, and Mar. 31, 2013
Figures in Million of NT dollars (NTD)
| Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | ||||||||||
| NTD | NTD | NTD | ||||||||||
| ASSETS |
||||||||||||
| Non-current assets |
||||||||||||
| Available-for-sale financial assets |
8.6 | 8.6 | 11.6 | |||||||||
| Property, plant & equipment |
12,630.1 | 12,811.9 | 12,159.4 | |||||||||
| Other non-current assets |
323.4 | 330.4 | 622.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total non-current assets |
12,962.1 | 13,150.9 | 12,793.6 | |||||||||
|
|
|
|
|
|
|
|||||||
| Current assets |
||||||||||||
| Inventories |
1,503.5 | 1,519.4 | 1,734.5 | |||||||||
| Accounts and notes receivable |
4,162.9 | 4,114.6 | 3,913.6 | |||||||||
| Short-term deposits |
277.3 | 181.9 | 939.3 | |||||||||
| Other current assets |
258.8 | 268.7 | 261.9 | |||||||||
| Cash and cash equivalents |
12,307.8 | 13,372.8 | 8,483.2 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total current assets |
18,510.3 | 19,457.4 | 15,332.5 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total assets |
31,472.4 | 32,608.3 | 28,126.1 | |||||||||
|
|
|
|
|
|
|
|||||||
| EQUITY AND LIABILITIES |
||||||||||||
| EQUITY |
||||||||||||
| Issued capital |
34.8 | 37.2 | 39.0 | |||||||||
| Capital surplus |
11,789.2 | 11,945.8 | 11,520.8 | |||||||||
| Treasury stock |
— | (297.6 | ) | (635.8 | ) | |||||||
| Retained earnings |
1,625.6 | 1,440.6 | 692.1 | |||||||||
| Other component of equity |
440.1 | 438.7 | 428.9 | |||||||||
|
|
|
|
|
|
|
|||||||
| Equity attributable to equity holders of the Company |
13,889.7 | 13,564.7 | 12,045.0 | |||||||||
|
|
|
|
|
|
|
|||||||
| Non-controlling interests |
7,233.2 | 7,024.9 | 4,135.0 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total equity |
21,122.9 | 20,589.6 | 16,180.0 | |||||||||
|
|
|
|
|
|
|
|||||||
| LIABILITIES |
||||||||||||
| Non-current liabilities |
||||||||||||
| Bank loans – non-current portion |
2,968.2 | 3,889.0 | 5,563.1 | |||||||||
| Other non-current liabilities |
585.6 | 584.7 | 476.0 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total non-current liabilities |
3,553.8 | 4,473.7 | 6,039.1 | |||||||||
|
|
|
|
|
|
|
|||||||
| Current liabilities |
||||||||||||
| Accounts payable and payables to contractors and equipment suppliers |
1,259.1 | 1,815.0 | 1,384.8 | |||||||||
| Other current liabilities |
2,311.3 | 2,068.5 | 1,810.3 | |||||||||
| Bank loans – current portion |
2,263.1 | 2,874.8 | 2,336.5 | |||||||||
| Short-term bank loans |
962.2 | 786.7 | 375.4 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total current liabilities |
6,795.7 | 7,545.0 | 5,907.0 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total liabilities |
10,349.5 | 12,018.7 | 11,946.1 | |||||||||
|
|
|
|
|
|
|
|||||||
| Total equity and liabilities |
31,472.4 | 32,608.3 | 28,126.1 | |||||||||
|
|
|
|
|
|
|
|||||||