FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
July 28, 2017
| Commission File Number 001-16125 | |
| Advanced Semiconductor Engineering, Inc. | |
| ( Exact name of Registrant as specified in its charter) | |
|
26 Chin Third Road Nantze Export Processing Zone Kaoshiung, 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 ☒ Form 40-F ☐ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
| Yes ☐ No ☒ |
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Not applicable
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.
| ADVANCED SEMICONDUCTOR ENGINEERING, INC. |
|||
| Date: July 28, 2017 | By: | /s/ Joseph Tung | |
| Name: | Joseph Tung | ||
| Title: | Chief Financial Officer |
| Advanced Semiconductor Engineering, Inc. |  |
FOR IMMEDIATE RELEASE
IR Contact:
|
Iris Wu, Manager irissh_wu@aseglobal.com Tel: +886.2.6636.5678 http://www.aseglobal.com
|
Grace Teng, Manager grace_teng@aseglobal.com Tel: +886.2.6636.5678
|
ADVANCED SEMICONDUCTOR ENGINEERING, INC. REPORTS UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2017
Taipei, Taiwan, R.O.C., July 28, 2017 – Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) (“We”, “ASE”, or the “Company”), among the world’s leading companies in semiconductor packaging and testing, today reported unaudited net revenues1 of NT$66,026 million for the second quarter of 2017 (2Q17), up by 5% year-over-year and down by 1% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$7,847 million, up from a net income attributable to shareholders of the parent of NT$4,302 million in 2Q16 and up from a net income attributable to shareholders of the parent of NT$2,559 million in 1Q17. Basic earnings per share for the quarter were NT$0.97 (or US$0.160 per ADS), compared to basic earnings per share of NT$0.56 for 2Q16 and NT$0.33 for 1Q17. Diluted earnings per share for the quarter were NT$0.89 (or US$0.148 per ADS), compared to diluted earnings per share of NT$0.47 for 2Q16 and NT$0.29 for 1Q17.
RESULTS OF OPERATIONS
2Q17 Results Highlights – Consolidated
| l | Net revenue contribution from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately 46%, 10%, 43%, 1% and 0%, respectively, of total net revenues for the quarter. |
| l | Cost of revenue was NT$53,910 million for the quarter, down from NT$54,576 million in 1Q17. |
| - | Raw material cost totaled NT$30,855 million for the quarter, representing 47% of total net revenues. |
| - | Labor cost totaled NT$8,871 million for the quarter, representing 13% of total net revenues. |
| - | Depreciation, amortization and rental expenses totaled NT$6,805 million for the quarter. |
| l | Gross margin increased 0.3 percentage points to 18.3% in 2Q17 from 18.0% in 1Q17. |
| l | Operating margin were both 7.9% in 2Q17 and 1Q17. |
| l | In terms of non-operating items: |
| - | Net interest expense was NT$365 million. |
| - | Net foreign exchange loss of NT$201 million was primarily attributable to the appreciation of the U.S. dollar against the NT dollar. |
1 All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.). Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our audited consolidated financial statements, and may vary materially from the audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results of operations for any future period.
1
| - | Gain on valuation of financial assets and liabilities was NT$800 million. |
| - | Net gain on equity-method investments was NT$253 million, including NT$356 million of the share of gain from our investment in Siliconware Precision Industries Co., Ltd.(“SPIL”). |
| - | Other net non-operating income of NT$5,684 million were primarily attributable to gain on disposal of subsidiary. Total non-operating income for the quarter was NT$6,171 million. |
| l | Income before tax was NT$11,390 million for 2Q17, compared to NT$3,845 million in 1Q17. We recorded income tax expenses of NT$3,207 million for the quarter, compared to NT$886 million in 1Q17. |
| l | In 2Q17, net income attributable to shareholders of the parent was NT$7,847 million, compared to net income attributable to shareholders of the parent of NT$4,302 million in 2Q16 and net income attributable to shareholders of the parent of NT$2,559 million in 1Q17. |
| l | Our total number of shares outstanding at the end of the quarter was 8,380,478,101, including treasury stock owned by our subsidiaries. Our 2Q17 basic earnings per share of NT$0.97 (or US$0.160 per ADS) were based on 8,114,881,837 weighted average number of shares outstanding in 2Q17. Our 2Q17 diluted earnings per share of NT$0.89 (or US$0.148 per ADS) were based on 8,604,623,206 weighted average number of shares outstanding in 2Q17. |
2Q17 Results Highlights – IC ATM2
| l | Cost of revenues was NT$30,021 million for the quarter, up by 2% sequentially. |
| - | Raw material cost totaled NT$9,148 million for the quarter, representing 23% of total net revenues. |
| - | Labor cost totaled NT$7,764 million for the quarter, representing 20% of total net revenues. |
| - | Depreciation, amortization and rental expenses totaled NT$6,382 million for the quarter. |
| l | Gross margin increased 0.1 percentage points to 23.1% in 2Q17 from 23.0% in 1Q17. |
| l | Operating margin was 10.5% in 2Q17 compared to 10.4% in 1Q17. |
2Q17 Results Highlights – EMS
| l | Cost of revenues for the quarter was NT$25,127 million, down by 4% sequentially. |
| - | Raw material cost totaled NT$21,739 million for the quarter, representing 77% of total net revenues. |
| - | Labor cost totaled NT$1,097 million for the quarter, representing 4% of total net revenues. |
| - | Depreciation, amortization and rental expenses totaled NT$437 million for the quarter. |
| l | Gross margin increased to 11.1% in 2Q17 from 10.6% in 1Q17. |
| l | Operating margin decreased to 4.0% in 2Q17 from 4.2% in 1Q17. |
LIQUIdiTY AND CAPITAL RESOURCES
| l | Capital expenditures in 2Q17 totaled US$213 million, of which US$161 million were used in packaging operations, US$47 million in testing operations, US$4 million in EMS operations and US$1 million in interconnect materials operations. |
| l | As of June 30, 2017, total unused credit lines amounted to NT$175,681 million. |
2 ATM stands for Semiconductor Assembly, Testing and Material.
2
| l | Current ratio was 1.30 and net debt to equity ratio was 0.24 as of June 30, 2017. |
| l | Total number of employees was 66,996 as of June 30, 2017, compared to 66,164 as of March 31, 2017. |
Business Review
Packaging Operations3
| l | Gross margin for our packaging operations during the quarter was 20.6%, down by 0.1 percentage points from 1Q17. |
| l | Capital expenditures for our packaging operations amounted to US$161 million for the quarter, of which US$78 million were used in purchases of wafer bumping and flip chip packaging equipment, and US$83 million were used in purchase of common equipment, SiP equipment and wirebond packaging equipment. |
Testing Operations
| l | Depreciation, amortization and rental expense associated with our testing operations amounted to NT$1,673 million during the quarter, down from NT$1,759 million in 1Q17. |
| l | Gross margin for our testing operations amounted to 34.2% during the quarter, up by 0.8 percentage points from 1Q17. |
| l | Capital expenditures for our testing operations amounted to US$47 million during the quarter. |
EMS Operations
| l | Gross margin for our EMS operations amounted to 11.1% during the quarter, up by 0.5 percentage points from 1Q17. |
| l | Capital expenditures for our EMS operations amounted to US$4 million during the quarter. |
Substrate Operations
| l | PBGA substrate manufactured by ASE amounted to NT$2,144 million for the quarter, up by NT$54 million, or by 3% from 1Q17. Of the total output of NT$2,144 million, NT$928 million was from sales to external customers. |
| l | Gross margin for substrate operations was 14.4% for the quarter, up by 2.4 percentage points from 1Q17. |
| l | In 2Q17, our internal substrate manufacturing operations supplied 27% (by value) of our total substrate requirements. |
Customers
IC ATM consolidated Basis
| l | Our five largest customers together accounted for approximately 32% of our total net revenues in 2Q17, compared to 31% in 1Q17. No customer accounted for more than 10% of our total net revenues in 2Q17. |
| l | Our top 10 customers contributed 47% of our total net revenues for the quarter and in 1Q17. |
| l | Our customers that are integrated device manufacturers, or IDMs, accounted for 36% of our total net revenues for the quarter and in 1Q17. |
EMS Basis
| l | Our five largest customers together accounted for approximately 79% of our total net revenues in 2Q17, compared to 81% in 1Q17. One customer accounted for more than 10% of our total net revenues in 2Q17. |
3 IC packaging services include module assembly services.
3
| l | Our top 10 customers contributed 89% of our total net revenues during the quarter, compared to 90% in 1Q17. |
outlook
Based on our current business outlook and exchange rate assumptions, management projects overall performance for the third quarter of 2017 to be as follows:
| l | IC ATM 3Q17 business should be a notch or two lower than 3Q16 levels; |
| l | IC ATM 3Q17 margin should be similar to 2Q16 levels; |
| l | EMS 3Q17 business should be similar to the average of 3Q16 and 4Q16 levels; |
| l | EMS 3Q17 gross margin should be similar to the average of 1Q16 and 2Q16 levels. |
About ASE, Inc.
ASE is among the world’s leading companies in semiconductor packaging and testing sector, including front-end engineering testing, wafer probing and final testing services. With advanced technological capabilities and a global presence spanning Taiwan, China, Korea, Japan, Singapore, Malaysia and the United States, ASE, Inc. has established a reputation for reliable, high quality products and services. For more information, please visit our website at http://www.aseglobal.com.
Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. Our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the uncertainties as to whether we can complete the share exchange contemplated by a joint share exchange agreement between Siliconware Precision Industries Co., Ltd. and us; the strained relationship between the Republic of China and the People’s Republic of China; general economic and political conditions; the recent global economic crisis; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2016 Annual Report on Form 20-F filed on April 21, 2017.
4
Supplemental Financial Information
IC ATM Consolidated Operations
| Amounts in NT$ Millions | 2Q/17 | 1Q/17 | 2Q/16 |
| Net Revenues | 39,048 | 38,385 | 38,504 |
| Revenues by Application | |||
| Communication | 48% | 50% | 52% |
| Computer | 11% | 11% | 12% |
| Automotive, Consumer & Others | 41% | 39% | 36% |
Packaging Operations
| Amounts in NT$ Millions | 2Q/17 | 1Q/17 | 2Q/16 |
| Net Revenues | 31,718 | 31,061 | 31,180 |
| Revenues by Packaging Type | |||
| Bumping, Flip Chip, WLP & SiP | 31% | 31% | 31% |
| IC Wirebonding | 58% | 58% | 61% |
| Discrete and Others | 11% | 11% | 8% |
| Capacity | |||
| CapEx (US$ Millions)* | 161 | 120 | 136 |
| Number of Wirebonders | 16,118 | 15,963 | 15,920 |
Testing Operations
| Amounts in NT$ Millions | 2Q/17 | 1Q/17 | 2Q/16 |
| Net Revenues | 6,350 | 6,365 | 6,502 |
| Revenues by Testing Type | |||
| Final test | 83% | 81% | 77% |
| Wafer sort | 14% | 15% | 20% |
| Engineering test | 3% | 4% | 3% |
| Capacity | |||
| CapEx (US$ Millions)* | 47 | 31 | 107 |
| Number of Testers | 3,796 | 3,782 | 3,629 |
EMS Operations
| Amounts in NT$ Millions | 2Q/17 | 1Q/17 | 2Q/16 |
| Net Revenues | 28,248 | 29,363 | 24,886 |
| Revenues by End Application | |||
| Communication | 48% | 49% | 46% |
| Computer | 17% | 15% | 20% |
| Consumer | 20% | 22% | 18% |
| Industrial | 8% | 7% | 8% |
| Automotive | 6% | 6% | 7% |
| Others | 1% | 1% | 1% |
| Capacity | |||
| CapEx (US$ Millions)* | 4 | 3 | 4 |
* Capital expenditure excludes building construction costs.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data
(In NT$ millions, except per share data)
(Unaudited)
| For the three months ended | For the six months ended | |||||||||
|
Jun. 30 2017 |
Mar. 31 2017 |
Jun. 30 2016 |
Jun. 30 2017 |
Jun. 30 2016 |
||||||
| Net revenues: | ||||||||||
| Packaging | 30,494 | 29,806 | 30,178 | 60,300 | 58,214 | |||||
| Testing | 6,350 | 6,365 | 6,503 | 12,715 | 12,498 | |||||
| Direct Material | 928 | 892 | 759 | 1,820 | 1,651 | |||||
| EMS | 28,210 | 29,355 | 24,845 | 57,565 | 49,594 | |||||
| Others | 44 | 133 | 316 | 177 | 3,015 | |||||
| Total net revenues | 66,026 | 66,551 | 62,601 | 132,577 | 124,972 | |||||
| Cost of revenues4 | (53,910) | (54,576) | (50,347) | (108,486) | (101,270) | |||||
| Gross profit | 12,116 | 11,975 | 12,254 | 24,091 | 23,702 | |||||
| Operating expenses: | ||||||||||
| Research and development | (2,952) | (2,763) | (2,745) | (5,715) | (5,353) | |||||
| Selling, general and administrative4 | (3,945) | (3,987) | (3,620) | (7,932) | (7,255) | |||||
| Total operating expenses | (6,897) | (6,750) | (6,365) | (13,647) | (12,608) | |||||
| Operating income | 5,219 | 5,225 | 5,889 | 10,444 | 11,094 | |||||
| Net non-operating (expenses) income: | ||||||||||
| Interest expense - net | (365) | (435) | (532) | (800) | (1,059) | |||||
| Foreign exchange gain (loss) | (201) | 2,891 | (238) | 2,690 | 643 | |||||
| Gain (loss) on valuation of financial assets and liabilities |
800 |
(3,964) |
858 |
(3,164) |
498 |
|||||
| Gain (loss) on equity-method investments4,5 | 253 | (171) | 541 | 82 | 645 | |||||
| Others | 5,684 | 299 | (438) | 5,983 | (367) | |||||
| Total non-operating income (expenses) | 6,171 | (1,380) | 191 | 4,791 | 360 | |||||
| Income before tax | 11,390 | 3,845 | 6,080 | 15,235 | 11,454 | |||||
| Income tax expense | (3,207) | (886) | (1,523) | (4,093) | (2,841) | |||||
|
Income from continuing operations and before non-controlling interest |
8,183 | 2,959 | 4,557 | 11,142 | 8,613 | |||||
| Non-controlling interest | (336) | (400) | (255) | (736) | (429) | |||||
|
Net income attributable to shareholders of the parent |
7,847 |
2,559 |
4,302 |
10,406 |
8,184 |
|||||
| Per share data: | ||||||||||
| Earnings (losses) per share | ||||||||||
| – Basic | NT$0.97 | NT$0.33 | NT$0.56 | NT$1.32 | NT$1.07 | |||||
| – Diluted | NT$0.89 | NT$0.29 | NT$0.47 | NT$1.22 | NT$0.87 | |||||
| Earnings (losses) per equivalent ADS | ||||||||||
| – Basic | US$0.160 | US$0.053 | US$0.087 | US$0.214 | US$0.163 | |||||
| – Diluted | US$0.148 | US$0.047 | US$0.072 | US$0.199 | US$0.132 | |||||
|
Number of weighted average shares used in diluted EPS calculation (in thousands) |
8,604,623 | 7,931,315 | 8,238,396 | 8,121,989 | 8,272,966 | |||||
| Exchange rate (NT$ per US$1) | 30.18 | 31.20 | 32.40 | 30.69 | 32.74 | |||||
4 As of June 30, 2017, we have completed the identification of the difference between the cost of the investment and our share of the net fair value of subsidiary and associates’ identifiable assets and liabilities. Accordingly, we retrospectively adjusted the provisional amounts recognized at the acquisition dates in May , July and November 2016, respectively.
5 As of September 30, 2016, we have completed the identification of the difference between the cost of the investment and our share of the net fair value of SPIL’s identifiable assets and liabilities. Accordingly, we retrospectively adjusted the provisional amounts recognized at the acquisition dates in September 2015, March and April 2016, respectively.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data – IC ATM
(In NT$ millions, except per share data)
(Unaudited)
| For the three months ended | For the six months ended | |||||||||
|
Jun. 30 2017 |
Mar. 31 2017 |
Jun. 30 2016 |
Jun. 30 2017 |
Jun. 30 2016 |
||||||
| Net revenues: | ||||||||||
| Packaging | 31,718 | 31,061 | 31,180 | 62,779 | 59,777 | |||||
| Testing | 6,350 | 6,365 | 6,502 | 12,715 | 12,497 | |||||
| Direct Material | 960 | 935 | 801 | 1,895 | 1,732 | |||||
| Others | 20 | 24 | 21 | 44 | 41 | |||||
| Total net revenues | 39,048 | 38,385 | 38,504 | 77,433 | 74,047 | |||||
| Cost of revenues | (30,021) | (29,552) | (28,945) | (59,573) | (56,656) | |||||
| Gross profit | 9,027 | 8,833 | 9,559 | 17,860 | 17,391 | |||||
| Operating expenses: | ||||||||||
| Research and development | (2,113) | (2,000) | (2,021) | (4,113) | (3,943) | |||||
| Selling, general and administrative | (2,812) | (2,850) | (2,623) | (5,662) | (5,311) | |||||
| Total operating expenses | (4,925) | (4,850) | (4,644) | (9,775) | (9,254) | |||||
| Operating income | 4,102 | 3,983 | 4,915 | 8,085 | 8,137 | |||||
| Net non-operating (expenses) income: | ||||||||||
| Interest expense - net | (443) | (498) | (576) | (941) | (1,180) | |||||
| Foreign exchange gain (loss) | (162) | 2,868 | (306) | 2,706 | 528 | |||||
| Gain (loss) on valuation of financial assets and liabilities |
522
|
(4,072)
|
828
|
(3,550)
|
567
|
|||||
| Gain (loss) on equity-method investments4,5 | 5,410 | 601 | 1,144 | 6,011 | 2,293 | |||||
| Others | 33 | 325 | (397) | 358 | (273) | |||||
| Total non-operating income (expenses) | 5,360 | (776) | 693 | 4,584 | 1,935 | |||||
| Income before tax | 9,462 | 3,207 | 5,608 | 12,669 | 10,072 | |||||
| Income tax expense | (1,541) | (570) | (1,266) | (2,111) | (1,795) | |||||
|
Income from continuing operations and before non-controlling interest |
7,921 | 2,637 | 4,342 | 10,558 | 8,277 | |||||
| Non-controlling interest | (74) | (78) | (40) | (152) | (93) | |||||
|
Net income attributable to shareholders of the parent |
7,847
|
2,559
|
4,302
|
10,406
|
8,184
|
|||||
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data – EMS
(In NT$ millions, except per share data)
(Unaudited)
| For the three months ended | For the six months ended | |||||||||
|
Jun. 30 2017 |
Mar. 31 2017 |
Jun. 30 2016 |
Jun. 30 2017 |
Jun. 30 2016 |
||||||
| Net revenues: | ||||||||||
| Total net revenues | 28,248 | 29,363 | 24,886 | 57,611 | 49,674 | |||||
| Cost of revenues | (25,127) | (26,249) | (22,326) | (51,376) | (45,107) | |||||
| Gross profit | 3,121 | 3,114 | 2,560 | 6,235 | 4,567 | |||||
| Operating expenses: | ||||||||||
| Research and development | (859) | (780) | (742) | (1,639) | (1,452) | |||||
| Selling, general and administrative | (1,126) | (1,101) | (996) | (2,227) | (1,916) | |||||
| Total operating expenses | (1,985) | (1,881) | (1,738) | (3,866) | (3,368) | |||||
| Operating income | 1,136 | 1,233 | 822 | 2,369 | 1,199 | |||||
| Net non-operating (expenses) income: | ||||||||||
| Total non-operating income | 366 | 217 | 190 | 583 | 268 | |||||
| Income before tax | 1,502 | 1,450 | 1,012 | 2,952 | 1,467 | |||||
| Income tax expense | (284) | (303) | (205) | (587) | (286) | |||||
|
Income from continuing operations and before non-controlling interest |
1,218 | 1,147 | 807 | 2,365 | 1,181 | |||||
| Non-controlling interest | (289) | (313) | (204) | (602) | (312) | |||||
|
Net income attributable to shareholders of the parent |
929 |
834 |
603 |
1,763 |
869 |
|||||
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet Data
(In NT$ millions)
(Unaudited)
| As of Jun. 30, 2017 | As of Mar. 31, 2017 | |||||||||
| Current assets: | ||||||||||
| Cash and cash equivalents | 43,891 | 42,474 | ||||||||
| Financial assets – current | 4,138 | 3,720 | ||||||||
| Notes and accounts receivable | 46,156 | 43,728 | ||||||||
| Inventories | 42,818 | 42,616 | ||||||||
| Others | 10,001 | 3,835 | ||||||||
| Total current assets |
147,004
|
136,373
|
||||||||
| Financial assets – non current & Investments – equity method |
50,878 |
52,183 |
||||||||
| Property plant and equipment | 140,378 | 140,072 | ||||||||
| Intangible assets | 11,885 | 11,907 | ||||||||
| Prepaid lease payments | 2,065 | 2,081 | ||||||||
| Others | 4,413 | 4,901 | ||||||||
| Total assets | 356,623 | 347,517 | ||||||||
| Current liabilities: | ||||||||||
| Short-term borrowings | 14,209 | 13,400 | ||||||||
| Current portion of bonds payable | 15,236 | 15,179 | ||||||||
| Current portion of long-term borrowings & capital lease obligations |
7,454 |
7,218 |
||||||||
| Notes and accounts payable | 32,471 | 30,621 | ||||||||
| Others | 43,765 | 32,173 | ||||||||
| Total current liabilities |
113,135
|
98,591
|
||||||||
| Bonds payable | 25,845 | 28,476 | ||||||||
| Long-term borrowings & capital lease obligations | 28,823 | 33,639 | ||||||||
| Other liabilities | 9,757 | 10,053 | ||||||||
| Total liabilities |
177,560
|
170,759
|
||||||||
| Shareholders of the parent | 166,838 | 164,840 | ||||||||
| Non-controlling interest |
12,225
|
11,918
|
||||||||
| Total liabilities & shareholders’ equity | 356,623 | 347,517 | ||||||||
| Current Ratio |
1.30
|
1.38
|
||||||||
| Net Debt to Equity |
0.24
|
0.29
|
||||||||