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FINANCIAL INFORMATION FINANCIAL INFORMATION
202 203
8. Available-for-sale Financial
Assets
December 31,
2013
December 31,
2012
January 1,
2012
Domestic
investments
Listed stocks
Mutual funds
$239
-
$197
-
$279
736,031
$239 $197 $736,310
Current
Non-current
$-
239
$-
197
$736,031
279
$239 $197 $736,310
10. Derivative Financial
Instruments for Hedging
December 31,
2013
December 31,
2012
January 1,
2012
Hedging
derivative
assets
Cash flow
hedge -
forward
exchange
contracts
$- $204,519 $-
The Company's foreign-currency cash flows
derived from the highly probable forecast
transaction may lead to risks on foreign-currency
financial assets and liabilities and estimated
future cash flows due to the exchange rate
fluctuations. The Company assesses the risks
may be significant; thus, the Company entered
into derivative contracts to hedge against foreign-
currency exchange risks.
The terms of the forward exchange contracts
had been negotiated to match the terms of
the respective designated hedged items. The
outstanding forward exchange contracts of the
Company at the end of the reporting period were
as follows:
Buy/
Sell Currency
Maturity
Date
Notional
Amount
(In Thousands)
December
31, 2012
Foreign
exchange
contracts
Buy USD/JPY 2013.
03.28
USD 95,356
The Company supplied products to clients in
Japan and signed forward exchange contracts
to avoid its exchange rate exposure due to the
forecast sales. Those forward exchange contracts
were designated as cash flow hedges.
Gains and losses of hedging instruments
transferred from equity to profit or loss were
included in the following line items in the
statements of comprehensive income:
9. Held-to-maturity Financial
Assets
December 31,
2013
December 31,
2012
January 1,
2012
Domestic
investment
Bonds $- $101,459 $204,597
Current
Non-current
$-
-
$101,459
-
$-
204,597
$- $101,459 $204,597
For the Year Ended
December 31
2013 2012
Revenues
Other gains and losses
$262,648
151,305
$-
10,467
$413,953 $10,467
11. Financial Assets Measured at
Cost
December 31,
2013
December 31,
2012
January 1,
2012
Domestic
unlisted equity
investment
$515,861 $515,861 $515,861
Classified
according to
financial asset
measurement
categories
Available-for-
sale financial
assets
$515,861 $515,861 $515,861
Management believed that the above unlisted
equity investments held by the Company, whose
fair value cannot be reliably measured due to the
range of reasonable fair value estimates was so
significant; therefore, they were measured at cost
less impairment at the end of reporting period.
12. Other Current Financial Assets
December 31,
2013
December 31,
2012
January 1,
2012
Trust assets for
employee benefit
$2,359,041 $3,645,820 $-
Time deposits
with original
maturities more
than three
months
- 1,960,900 25,538,650
$2,359,041 $5,606,720 $25,538,650
To protect the rights and interests of its employees,
the Company deposited unpaid employee bonus in
a new trust account in September 2012 and were
classified as other current financial assets.
The Company entered into forward exchange contracts to manage exposures due to exchange rate
fluctuations of foreign currency denominated assets and liabilities. At the end of the reporting period,
outstanding forward exchange contracts not under hedge accounting were as follows:
Forward Exchange Contracts
Buy/Sell Currency Maturity Date
Notional Amount
(In Thousands)
December 31, 2013
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Sell
Sell
Sell
Sell
Sell
Buy
Buy
Buy
Buy
Buy
EUR/USD
JPY/USD
GBP/USD
USD/NTD
CAD/USD
USD/RMB
CAD/USD
RMB/USD
EUR/USD
GBP/USD
2014.01.02-2014.01.29
2014.03.31
2014.01.15-2014.01.22
2014.01.06-2014.02.05
2014.01.13-2014.01.29
2014.01.08-2014.01.22
2014.01.13
2014.01.08
2014.01.15-2014.01.22
2014.01.15-2014.01.22
EUR 61,000
JPY 3,755,090
GBP 12,000
USD 391,700
CAD 5,500
USD 100,600
CAD 4,000
RMB 11,000
EUR 18,000
GBP 2,000
December 31, 2012
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Sell
Sell
Sell
Sell
Buy
Buy
Buy
Buy
EUR/USD
GBP/USD
USD/NTD
USD/RMB
USD/RMB
USD/JPY
USD/CAD
USD/NTD
2013.01.11-2013.03.27
2013.01.09-2013.03.20
2013.01.17-2013.02.20
2013.01.09-2013.01.30
2013.01.09-2013.01.30
2013.01.09-2013.03.08
2013.01.09-2013.02.22
2013.01.07-2013.02.21
EUR 146,000
GBP 20,700
USD 70,000
USD 78,000
USD 106,000
USD 97,437
USD 22,158
USD 270,000
January 1, 2012
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Foreign exchange contracts
Buy
Buy
Sell
Sell
USD/CAD
USD/RMB
EUR/USD
GBP/USD
2012.01.11-2012.02.22
2012.01.04-2012.01.31
2012.01.04-2012.03.30
2012.01.11-2012.02.22
USD 28,010
USD 105,000
EUR 339,000
GBP 17,100