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Financial Information
| 81
80 |
2008 Annual Report
5.CASH
Cash as of December 31, 2006, 2007 and 2008
was as following:
2006
2007
2008
NT$
NT$
NT$
US$
(Note 3)
Cash on hand
$
1,505
$
2,405
$
3,022
$
92
Cash in banks
4,499,913
9,908,345
3,375,899
102,924
Time deposits
30,468,400
46,579,435
60,858,807
1,855,451
$
34,969,818
$
56,490,185
$
64,237,728
$
1,958,467
On time deposits, interest rates ranged from
1.610% to 2.145%, 1.809% to 4.400% and 0.30%
to 2.41%, as of December 31, 2006, 2007 and
2008, respectively.
On preferential deposits, interest rates ranged
from 2.30% to 5.25%, 3.05% to 4.15% and 0.02%
to 2.71% as of December 31, 2006, 2007 and
2008, respectively.
6.FINANCIAL ASSETS AND LIABILITIES AT FAIR
VALUE THROUGH PROFIT OR LOSS
Financial assets and liabilities at fair value through
profit or loss as of December 31, 2006, 2007 and
2008 were as follows:
2006
2007
2008
NT$
NT$
NT$
US$
(Note 3)
Derivatives - financial liabilities
Forward exchange contracts
$
76,470
$
96,256
$
514,083
$
15,673
The Company had derivative transactions in 2006,
2007 and 2008 to manage exposures related to
exchange rate fluctuations. However, these
transactions did not meet the criteria for hedge
accounting under Statement of Financial
Accounting Standards No. 34 - “Accounting for
Financial Instruments.” Thus, the Company had
no hedge accounting in 2006, 2007 and 2008.
Outstanding forward exchange and currency
option contracts as of December 31, 2006, 2007
and 2008 were as follows:
Forward Exchange Contracts
2006
Buy/Sell
Currency
Settlement Period/ Date
Contract Amount
Forward exchange contracts
Sell
USD/NTD
2007.01.05-2007.03.28
US$
78,000
Forward exchange contracts
Sell
EUR/USD
2007.01.05-2007.03.09
EUR
€
108,000
Forward exchange contracts
Buy
USD/JPY
2007.01.12-2007.03.09
US$
11,000
Forward exchange contracts
Sell
GBP/USD
2007.01.05-2007.02.16
GBP£
6,150
Forward exchange contracts
Sell
JPY/NTD
2007.01.12-2007.03.28
JP¥
427,750
Forward exchange contracts
Sell
JPY/USD
2007.01.17-2007.03.28
JP¥
810,626
2007
Buy/Sell
Currency
Settlement Period/ Date
Contract Amount
Forward exchange contracts
Sell
USD/NTD
2008.01.04-2008.01.30
US$
63,000
Forward exchange contracts
Sell
EUR/USD
2008.01.09-2008.03.05
EUR€
201,500
Forward exchange contracts
Buy
USD/CAD
2008.01.11-2008.02.22
US$
5,146
Forward exchange contracts
Sell
GBP/USD
2008.01.11-2008.01.30
GBP£
3,725
Forward exchange contracts
Sell
JPY/NTD
2008.01.09
JP¥
425,000
2008
Buy/Sell
Currency
Settlement Period/ Date
Contract Amount
Forward exchange contracts
Sell
AUD/USD
2009.01.07-2009.01.16
AUD$
17,000
Forward exchange contracts
Sell
EUR/USD
2009.01.07-2009.02.27
EUR€
141,000
Forward exchange contracts
Sell
GBP/USD
2009.01.07-2009.02.18
GBP£
3,870
Forward exchange contracts
Sell
JPY/NTD
2009.01.16
JP¥
95,000
Forward exchange contracts
Buy
USD/JPY
2009.01.07-2009.02.13
US$
16,726
Forward exchange contracts
Sell
USD/NTD
2009.01.07-2009.01.23
US$
37,000
Forward exchange contracts
Buy
USD/CAD
2009.01.16
US$
618
Net gain on derivative financial instruments in 2008 was NT$311,946 thousand (US$9,511 thousand), including
realized settlement gain of NT$826,029 thousand (US$25,184 thousand) and valuation loss of NT$514,083
thousand (US$15,673 thousand).
7.AVAILABLE-FOR-SALE FINANCIAL ASSETS
Available-for-sale financial assets as of December
31, 2006, 2007 and 2008 were as follows:
2006
2007
2008
NT$
NT$
NT$
US$
(Note 3)
VIA Technologies, Inc.
$
1,733
$
784
$
339
$
10
In December 1999, the Company invested
NT$1,971 in VIA Technologies, Inc. and accounted
for it as available-for-sale financial asset.
8.NOTES AND ACCOUNTS RECEIVABLE
Notes and accounts receivable as of December
31, 2006, 2007 and 2008 were as follows:
2006
2007
2008
NT$
NT$
NT$
US$
(Note 3)
Notes receivable
$
58,930
$
3,532
$
26,009
$
793
Accounts receivable
19,176,850
19,747,487
29,937,446
912,727
Accounts receivable
from related parties
3,685
507
69,520
2,120
Less: Allowance for
doubtful accounts
(
32,234
)
(
277,809
)
(
578,197
)
(
17,628
)
$
19,207,231
$
19,473,717
$
29,454,778
$
898,012