DOCSLIB.ORG

FORMOSA PLASTICS GROUP 2018Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
FORMOSA PLASTICS GROUP 2018Annual Report FORMOSA PLASTICS GROUP 2018Annual Report The Mailiao Harbor Chinese white dolphins (Sousa chinensis) can be seen taking a leisurely swim, reflecting the balance that has been achieved between economy and ecology. CONTENTS 2018 Financial Highlights (In Thousands of US Dollars, persons) 1 2018 Financial Highlights Income Before Number of Company Capital Assets Equity Sales Income Tax Employees 2 Preface Formosa Plastics Corp. 2,071,305 15,533,289 11,569,583 6,157,759 1,856,186 6,132 10 Formosa Plastics Corporation Nan Ya Plastics Corp. 2,580,556 17,522,129 12,223,740 6,146,812 1,881,388 12,599 20 Nan Ya Plastics Corporation Formosa Chemicals & Fibre Corp. 1,907,131 15,460,496 12,032,957 8,902,227 1,768,420 5,049 Formosa Petrochemical Corp. 3,099,587 13,039,347 10,989,432 24,907,859 2,424,408 5,285 26 Formosa Chemicals & Fibre Corporation Nan Ya Technology Corp. 1,009,742 6,610,680 5,365,805 2,742,002 1,352,505 3,157 32 Formosa Petrochemical Corporation Nan Ya PCB Corp. 210,251 1,172,577 967,390 763,415 -18,961 5,629 38 Formosa Plastics Group-US. Operations Formosa Sumco Technology Corp. 126,199 806,590 708,461 532,266 207,963 1,339 Formosa Ta eta Co., Ltd. 548,161 2,619,318 2,242,319 897,845 171,014 4,706 41 Other Investments Formosa Advanced Technologies Corp. 143,892 412,409 369,521 285,866 56,973 2,406 Non-Prot Organization—Medical Care Mai-Liao Power Corp. 713,630 1,685,427 1,456,341 704,658 20,849 413 Subtotal of Public Companies 12,410,454 74,862,262 57,925,550 52,040,708 9,720,744 46,715 42 Chang Gung Memorial Hospital Other Domestic Companies 1,420,185 18,733,425 16,440,139 5,472,621 1,010,990 30,416 Non-Prot Organization—Education Subtotal of Domestic Companies 13,830,638 93,595,688 74,365,689 57,513,329 10,731,734 77,131 46 Chang Gung University Companies in U.S.A 1,142,906 12,866,513 10,908,624 6,417,285 1,172,147 4,171 Companies in China 5,553,424 10,889,601 6,759,903 9,674,513 291,078 19,027 50 Chang Gung University of Science and Technology Other Foreign Companies 6,619,527 16,713,920 7,175,635 4,663,932 -175,597 15,048 54 Ming Chi University of Technology Subtotal of Foreign Companies 13,315,857 40,470,034 24,844,162 20,755,731 1,287,628 38,246 Total of Formosa Plastics Group 27,146,496 134,065,722 99,209,851 78,269,060 12,019,362 115,377 • NOTE:The financial data shown above is extracted from the individual financial statements of each The Mailiao Harbor company. Under the guidance of the environmental sustainability policy announced by the Chairman of FPG’s Executive Board, the FPG Mailiao Harbor has actively promoted low-pollution ships and harbor sustainable management. On September 7, 2018, it received EcoPorts Certification from the European Sea Ports Organization (ESPO). The Mailiao Harbor is the first industrial port in Asia to win such an honor. In the future, the Mailiao Harbor will continue to push forward various green-port environmental protection measures, and will strive to become an international model for industrial ports and the best example of moving toward Underwater Ecological Diversity ecological sustainable development. Financial Highlights 1 In 2018, the global economy grew in first three quarters, driving Preface up the demand of petrochemical products. Crude oil prices continued to rise due to reduced production by oil production countries including the Organization of the Petroleum Exporting Countries (OPEC) and Russia. The Brent crude oil price was once soaring to US$ 86 per barrel. Since the fourth quarter, the trade war between China and US swiftly impacted the worldwide demand of the oil. The price trend was Chairman reversed and downward correction was continued to a point WenYuan Wong that could collapse the oil market. By the end of the year, the crude oil price was dropped to US$ 50 per barrel. In Taiwan, the economy in the first half of 2018 an increase of 17.8% from previous the year; the profit grew as a result of the global economic recovery. This before tax was NT$ 329.8 billion, a decrease of 4.9% led to the stable growth in trade and in the economy. compared to 2017. Private consumption and gross domestic product The petrochemical products benefited from the (GDP) was above 3%. Starting from the 3rd quarter, global economic recovery in the first half of the year. the China-US trade war continued to ferment and the The international crude oil prices rose steadily, and global prosperity and final demand was uncertain. pushed up petrochemical production and prices, Affected by the China’s economic slow-down, the which made the group’s first three quarters profitable. growth of Taiwan’s export trade was impacted and However, since the 4th quarter, the international lost its momentum through the 2nd half of the year. crude oil price went down and the number of orders In November and December, the annual growth rate fell sharply. The group faced significant losses on of export trade turned negative. inventory valuation, falling price on main products in Overview of Business Operations transit, and price spread on refining and petrochemical products. The combined 4th quarter profit of the four Formosa Plastics Group's revenue for 2018 was main companies was reduced by 90% compared to NT$ 2,405.4 billion, which was 20.0% higher than the 3rd quarter, which resulted in a slight decline in 2017. While an improvement from the market was the overall profit. affected by the China-US trade war and the significant drop in the international crude oil prices. The In response to the changes in international situation, market slowed down in the 4th quarter and the FPG has continuously adjusted the production model Group’s profit was greatly affected by the reduced and the combinations of the refining and petrochemical demand for petrochemical and plasticized products. products based on the product price differences. FPG Mailiao Harbor is the first industrial port in Asia In turn, the profit before tax was NT$ 369.4 billion also developed high-value and differentiated products, to win EcoPorts Certification this year, a decrease of 5.7% compared to 2017. and has gradually introducing artificial intelligence 2018 FORMOSA PLASTICS GROUP Profile (AI) to production process optimization and quality 1. Taiwan Region Scan QR code to watch the video testing. A total of 153 AI projects have been initiated In 2018, Formosa Plastics Group’s combined revenue and are under various stages of development. The from subsidiaries in Taiwan was NT$ 1,767.6 billion, annual benefits of the five AI projects, piloted by the 2 2018 Annual Report Perface 3 business performance was heavily influenced according to statistics of the Ministry of Economic by these negative factors and was not as good as Affairs, the industrial water consumption is only 5%. expected. However, the agricultural water supply accounted for 92% to Yunlin County and Changhua County. 4. Vietnam Region FPG has proactively reduced water consumption Formosa Plastics Group has been operating in by process water saving management, to reduce the Vietnam for many years. In addition to the evaporation losses and many other measures. The secondary processing plant of textile, fiber and water-saving in the Mailiao Industrial Complex has plastics in the KCN Dong Nai, the two blast furnaces been reduced to 27,000 tons per day. located in Ha Tinh Province were commissioned on According to the “Directions for Application schedule in May 2017 and May 2018. The completion of Review on Proposal of Water Usage” announced by Ha Tinh steel plant phase I project was announced the Ministry of Economic Affairs, water recycling completed and put into full operation. rate (R1) for Mailiao Industrial Complex is 98.8%, In 2018, FPG's combined revenue for all plants each drop of water can be reused up to 7.3 times. in Vietnam was NT$ 124.6 billion, which was a growth Which indicated that the water recycling rate of the of 239% compared to 2017. That was benefited from Mailiao Industrial Complex was significantly better Ecological Park of Formosa Ha Tinh Steel Corporation the combined transferred orders received from the than other petrochemical-related industries’ whose US and Japan’s SPP pellets customers. In addition, water recycling rate (R1) is 70~90% in Taiwan. textile spinning business turned losses into profits. four major companies in 2018 were expected to increased demand for petrochemical products. In addition to the use of “Spend Less” for The combined revenue and profit performance of reach NT$ 200 million. Obviously, AI applications FPG’s production quantity and sales in US region water saving, FPG also has actively promoted Formosa Industries was outstanding. Ha Tinh steel will also become the trend in the future world. were both improved compared to 2017. The crude “Broaden Source” to develop more water sources. plant was in early stage of commissioning, the oil prices continued to rise in the first three quarters, By increasing rainwater collection areas and In terms of product marketing, FPG will continue initial unit cost was high and the amortization of driving up product prices and increasing profits. modifying rainwater storage tanks to effectively to develop the “Solution”, which provides instant various expenses was still considerable.
Load more

Recommended publications
  • USD XINT M EM HL Taiwan NTR USD Index
    Created on 30 th April 2020 XINT M EM HL Taiwan NTR USD Index USD The XINT M EM HL Taiwan NTR USD Index covers the highly liquid and liquid segment of the Taiwanese equity market. The index membership comprises the 89 largest companies by freefloat adjusted market value and represents approximately 85% of the Taiwanese market. INDEX PERFORMANCE - PRICE RETURN USD 130 120 110 100 90 80 70 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Index Return % annualised Standard Deviation % annualised Maximum Drawdown 3M -7.33 3M 36.87 From 14 Jan 2020 6M 1.07 6M 27.83 To 19 Mar 2020 1Y 11.14 1Y 22.27 Return -29.23% Index Intelligence GmbH - Grosser Hirschgraben 15 - 60311 Frankfurt am Main Tel.: +49 69 247 5583 50 - [email protected] www.index-int.com TOP 10 Largest Constituents FFMV million Weight Industry Sector Taiwan Semiconductor Man Co Ltd 37.57% 252,160 37.57% Technology Hon Hai Precision Industry Co Ltd 4.81% 32,296 4.81% Industrial Goods & Services MediaTek Inc 3.14% 21,069 3.14% Technology Chunghwa Telecom Co Ltd 2.08% 13,992 2.08% Telecommunications Largan Precision Co Ltd 2.07% 13,900 2.07% Personal & Household Goods Formosa Plastics Corp 1.96% 13,167 1.96% Chemicals CTBC Financial Holding Co Ltd 1.86% 12,453 1.86% Banks Nan Ya Plastics Corp 1.71% 11,472 1.71% Chemicals Uni-President Enterprises Corp 1.68% 11,284 1.68% Food & Beverage Mega Financial Holding Co Ltd 1.64% 11,009 1.64% Banks Total 392,803 58.52% This information has been prepared by Index Intelligence GmbH (“IIG”).
    [Show full text]
  • STOXX Greater China 80 Last Updated: 01.08.2017
    STOXX Greater China 80 Last Updated: 01.08.2017 Rank Rank (PREVIOU ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) S) TW0002330008 6889106 2330.TW TW001Q TSMC TW TWD Y 113.9 1 1 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 80.6 2 2 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 60.5 3 3 TW0002317005 6438564 2317.TW TW002R Hon Hai Precision Industry Co TW TWD Y 51.5 4 4 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 50.8 5 5 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 41.3 6 6 CNE1000003X6 B01FLR7 2318.HK CN0076 PING AN INSUR GP CO. OF CN 'H' CN HKD Y 32.0 7 9 CNE1000001Z5 B154564 3988.HK CN0032 BANK OF CHINA 'H' CN HKD Y 31.8 8 7 KYG217651051 BW9P816 0001.HK 619027 CK HUTCHISON HOLDINGS HK HKD Y 31.1 9 8 HK0388045442 6267359 0388.HK 626735 Hong Kong Exchanges & Clearing HK HKD Y 28.0 10 10 HK0016000132 6859927 0016.HK 685992 Sun Hung Kai Properties Ltd. HK HKD Y 20.6 11 12 HK0002007356 6097017 0002.HK 619091 CLP Holdings Ltd. HK HKD Y 20.0 12 11 CNE1000002L3 6718976 2628.HK CN0043 China Life Insurance Co 'H' CN HKD Y 20.0 13 13 TW0003008009 6451668 3008.TW TW05PJ LARGAN Precision TW TWD Y 19.7 14 15 KYG2103F1019 BWX52N2 1113.HK HK50CI CK Property Holdings HK HKD Y 18.3 15 14 CNE1000002Q2 6291819 0386.HK CN0098 China Petroleum & Chemical 'H' CN HKD Y 16.4 16 16 HK0823032773 B0PB4M7 0823.HK B0PB4M Link Real Estate Investment Tr HK HKD Y 15.4 17 19 HK0883013259 B00G0S5 0883.HK 617994 CNOOC Ltd.
    [Show full text]
  • Formosa Plastics Corporation Financial Statements December 31, 2017 and 2016
    1 Stock Code:1301 (English Translation of Financial Statements and Report Originally Issued in Chinese) FORMOSA PLASTICS CORPORATION FINANCIAL STATEMENTS DECEMBER 31, 2017 AND 2016 (With Independent Auditors’ Report Thereon) Address：No.100, Shuiguan Rd., Renwu Dist., Kaohsiung City 814, Taiwan (R.O.C.) Telephone：(07)371-1411；(02)2712-2211 The independent auditors’ report and the accompanying financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of, the English and Chinese language independent auditors’ report and financial statements, the Chinese version shall prevail. 2 Table of Contents Contents Page 1. Cover Page 1 2. Table of Contents 2 3. Independent Auditors’ Report 3 4. Balance Sheets 4 5. Statements of Comprehensive Income 5 6. Statements of Changes in Equity 6 7. Statements of Cash Flows 7 8. Notes to Financial Statements (1) Company history 8 (2) Approval date and procedures of the financial statements 8 (3) Application of new standards, amendments and interpretations 8～13 (4) Summary of significant accounting policies 13～25 (5) Critical accounting judgments and key sources of estimation uncertainly 26 (6) Significant account disclosures 26～55 (7) Related-party transactions 55～61 (8) Pledged properties 61 (9) Significant commitments and contingencies 61～62 (10) Losses due to major disasters 62 (11) Subsequent events 62 (12) Other 62 (13) Other disclosures (a) Information on significant transactions 63～68 (b) Information on investees 69 (c) Information on investment in mainland China 69 (14) Segment information 69 3 KPMG 〵⻍䋑11049⥌纏騟5媯7贫68垜(〵⻍101㣐垜) Telephone ꨶ鑨 + 886 (2) 8101 6666 68F., TAIPEI 101 TOWER, No.
    [Show full text]
  • Taiwan's Top 50 Corporates
    Title Page 1 TAIWAN RATINGS CORP. | TAIWAN'S TOP 50 CORPORATES We provide: A variety of Chinese and English rating credit Our address: https://rrs.taiwanratings.com.tw rating information. Real-time credit rating news. Credit rating results and credit reports on rated corporations and financial institutions. Commentaries and house views on various industrial sectors. Rating definitions and criteria. Rating performance and default information. S&P commentaries on the Greater China region. Multi-media broadcast services. Topics and content from Investor outreach meetings. RRS contains comprehensive research and analysis on both local and international corporations as well as the markets in which they operate. The site has significant reference value for market practitioners and academic institutions who wish to have an insight on the default probability of Taiwanese corporations. (as of June 30, 2015) Chinese English Rating News 3,440 3,406 Rating Reports 2,006 2,145 TRC Local Analysis 462 458 S&P Greater China Region Analysis 76 77 Contact Us Iris Chu; (886) 2 8722-5870; [email protected] TAIWAN RATINGS CORP. | TAIWAN'S TOP 50 CORPORATESJenny Wu (886) 2 872-5873; [email protected] We warmly welcome you to our latest study of Taiwan's top 50 corporates, covering the island's largest corporations by revenue in 2014. Our survey of Taiwan's top corporates includes an assessment of the 14 industry sectors in which these companies operate, to inform our views on which sectors are most vulnerable to the current global (especially for China) economic environment, as well as the rising strength of China's domestic supply chain.
    [Show full text]
  • China Development Financial Holding Corporation and Subsidiaries
    China Development Financial Holding Corporation and Subsidiaries Consolidated Financial Statements for the Years Ended December 31, 2009 and 2008 and Independent Auditors’ Report INDEPENDENT AUDITORS’ REPORT The Board of Directors and Stockholders China Development Financial Holding Corporation We have audited the accompanying consolidated balance sheets of China Development Financial Holding Corporation (the “Corporation”) and subsidiaries as of December 31, 2009 and 2008, and the related consolidated statements of income, changes in stockholders’ equity and cash flows for the years then ended. These consolidated financial statements are the responsibility of the Corporation’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. However, we did not audit the financial statements of Taiwan International Securities Corporation, an equity-method investee of both the Corporation and subsidiaries, which reflect the investments that were 2.04% (NT$5,883,366 thousand) and 1.96% (NT$5,677,095 thousand) of the consolidated assets as of December 31, 2009 and 2008, respectively. On this equity-method investment, there were a gain of NT$228,149 thousand and a loss of NT$692,251 thousand, which were 3.45% and 9.20%, respectively, of the consolidated income (loss) before income tax for the years ended December 31, 2009 and 2008, respectively. This investee’s statements were audited by other auditors whose report has been furnished to us, and our report, insofar as it relates to the amounts included for Taiwan International Securities Corporation, is based solely on the report of the other auditors. We conducted our audits in accordance with the Rules Governing the Audit of Financial Statements by Certified Public Accountants, the Rules Governing the Audit of Financial Statements of Financial Institutions by Certified Public Accountants and auditing standards generally accepted in the Republic of China.
    [Show full text]
  • 27 the China Factor in Taiwan
    Wu Jieh-min, 2016, “The China Factor in Taiwan: Impact and Response”, pp. 425-445 in Gunter Schubert ed., Handbook of T Modern Taiwan Politics and Society, Routledge. 27 THE CHINA FACTOR IN TAIWAN Impact and response Jieh-Min Wu* Since the turn of the century, the rise of China has inspired global a1nbitions and heightened international anxiety. Though Chinese influence is not a ne\V factor in the international geo­ political syste1n, the synergy between China's growing purchasing po\ver and its political \vill is dra\ving increasing attention on the world stage. With China's e111ergence as a global econontic powerhouse and the Chinese state's extraction of massive revenues and tremendous foreign reserves, Beijing has learned to flex these financial 1nuscles globally in order to achieve its polit­ ical goals. Essentially, the rise of China has enabled the PRC to speed up its n1ilitary moderniza­ tion and adroitly co1nbine econonllc measures and 'united front \Vork' in pursuit of its national interests. Hence Taiwan, whose sovereignty continues to be contested by the PRC, has been heavily i1npacted by China's new strategy. The Chinese ca1npaign kno\vn as 'using business to steer politics' has arguably been success­ ful in achieving inany of the effects desired by Beijing. For exan1ple, the Chinese government has repeatedly leveraged Taiwan's trade and econonllc dependence to intervene in Taiwan's elections. Such econonllc dependence n1ay constrain Taiwanese choices within a structure of Beijing's creation. In son1e historical 1no1nents, however, subjective identity and collect­ ive action could still en1erge as 'independent variables' that open up \Vindo\vs of opportun­ ity, expanding the range of available choices.
    [Show full text]
  • List of Insured Financial Institutions （PDF）
    401 INSURED FINANCIAL INSTITUTIONS 2021/5/31 39 Insured Domestic Banks 5 Sanchong City Farmers' Association of New Taipei City 62 Hengshan District Farmers' Association of Hsinchu County 1 Bank of Taiwan 13 BNP Paribas 6 Banciao City Farmers' Association of New Taipei City 63 Sinfong Township Farmers' Association of Hsinchu County 2 Land Bank of Taiwan 14 Standard Chartered Bank 7 Danshuei Township Farmers' Association of New Taipei City 64 Miaoli City Farmers' Association of Miaoli County 3 Taiwan Cooperative Bank 15 Oversea-Chinese Banking Corporation 8 Shulin City Farmers' Association of New Taipei City 65 Jhunan Township Farmers' Association of Miaoli County 4 First Commercial Bank 16 Credit Agricole Corporate and Investment Bank 9 Yingge Township Farmers' Association of New Taipei City 66 Tongsiao Township Farmers' Association of Miaoli County 5 Hua Nan Commercial Bank 17 UBS AG 10 Sansia Township Farmers' Association of New Taipei City 67 Yuanli Township Farmers' Association of Miaoli County 6 Chang Hwa Commercial Bank 18 ING BANK, N. V. 11 Sinjhuang City Farmers' Association of New Taipei City 68 Houlong Township Farmers' Association of Miaoli County 7 Citibank Taiwan 19 Australia and New Zealand Bank 12 Sijhih City Farmers' Association of New Taipei City 69 Jhuolan Township Farmers' Association of Miaoli County 8 The Shanghai Commercial & Savings Bank 20 Wells Fargo Bank 13 Tucheng City Farmers' Association of New Taipei City 70 Sihu Township Farmers' Association of Miaoli County 9 Taipei Fubon Commercial Bank 21 MUFG Bank 14
    [Show full text]
  • 指數etf (2805) 截至 31/01/2014 2805
    領航富時亞洲（日本除外）指數ETF (2805) 截至 31/01/2014 2805 成分股數目 669 證券百分比 99.66% 現金及現金等類百分比 0.34% 其他 0.00% 證券名稱 證券代號 交易所 資產淨值百分比 Samsung Electronics Co. Ltd. 005930 XKRX 4.36% Taiwan Semiconductor Manufacturing Co. Ltd. 2330 XTAI 2.82% Tencent Holdings Ltd. 700 XHKG 2.20% AIA Group Ltd. 1299 XHKG 1.91% China Construction Bank Corp. 939 XHKG 1.78% China Mobile Ltd. 941 XHKG 1.69% Industrial & Commercial Bank of China Ltd. 1398 XHKG 1.59% Hyundai Motor Co. 005380 XKRX 1.14% Bank of China Ltd. 3988 XHKG 1.13% Hon Hai Precision Industry Co. Ltd. 2317 XTAI 1.13% Hutchison Whampoa Ltd. 13 XHKG 0.98% Infosys Ltd. INFY XNSE 0.97% CNOOC Ltd. 883 XHKG 0.84% Oversea-Chinese Banking Corp. Ltd. O39 XSES 0.74% Housing Development Finance Corp. HDFC XNSE 0.73% DBS Group Holdings Ltd. D05 XSES 0.72% Reliance Industries Ltd. RELIANCE XNSE 0.72% Galaxy Entertainment Group Ltd. 27 XHKG 0.72% China Life Insurance Co. Ltd. 2628 XHKG 0.71% Singapore Telecommunications Ltd. Z74 XSES 0.70% PetroChina Co. Ltd. 857 XHKG 0.70% POSCO 005490 XKRX 0.69% Shinhan Financial Group Co. Ltd. 055550 XKRX 0.69% Hong Kong Exchanges and Clearing Ltd. 388 XHKG 0.68% China Petroleum & Chemical Corp. 386 XHKG 0.68% Hyundai Mobis 012330 XKRX 0.67% Cheung Kong Holdings Ltd. 1 XHKG 0.66% Sands China Ltd. 1928 XHKG 0.62% Sun Hung Kai Properties Ltd. 16 XHKG 0.62% United Overseas Bank Ltd. U11 XSES 0.62% SK Hynix Inc.
    [Show full text]
  • Formosa Chemicals & Fibre Corporation And
    FORMOSA CHEMICALS & FIBRE CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND REVIEW REPORT OF INDEPENDENT ACCOUNTANTS SEPTEMBER 30, 2019 AND 2018 ------------------------------------------------------------------------------------------------------------------------------------ For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail. WorldReginfo - e4fed8b1-59f2-413e-8a24-3b17fd46faf1 FORMOSA CHEMICALS & FIBRE CORPORATION AND SUBSIDIARIES INDEX Items Pages Index Report of Independent Accountants 1-3 Consolidated Balance Sheets 4-5 Consolidated Statements of Comprehensive Income 6-7 Consolidated Statements of Changes in Equity 8-9 Consolidated Statements of Cash Flows 10-11 Notes to Consolidated Financial Statements 12-108 WorldReginfo - e4fed8b1-59f2-413e-8a24-3b17fd46faf1 REVIEW REPORT OF INDEPENDENT ACCOUNTANTS TRANSLATED FROM CHINESE PWCR19000124 To the Board of Directors and Shareholders of Formosa Chemicals & Fibre Corporation Introduction We have reviewed the accompanying consolidated balance sheets of Formosa Chemicals & Fibre Corporation and subsidiaries (the “Group”) as at September 30, 2019 and 2018,
    [Show full text]
  • Power Transformer
    www.seec.com.tw Power Transformer INTEGRATION OF POWER SYSTEM We Light Up the Taipei 101, Once the highest building in the world 22.8KV Substation in every 10 oor. CRTR :3P 22.8KV 2~4MVA * 70 PCS PANEL :3P HV&/LV* l780 SETS 161KV Substation in B4 Belong to TPC TR :3P 161/22.8KV 60MVA * 4 PCS GIS:3P 161/22.8KV 60MVA * 4 PCS We Light Up the Taipei 101, Contents Once the highest building in the world The Course of Change and Development 2 Main Products 3 Manufacture Capability & Scope 4 Manufacture Technology 5 Technology R&D 6 22.8KV Substation in every 10 oor. Quality Assurance 7 CRTR :3P 22.8KV 2~4MVA * 70 PCS PANEL :3P HV&/LV* l780 SETS Products Characteristics Cores 8 Windings 9 Tanks 10 Manufacture Process of Oil Immersed Transformer 11 Main Domestic Customers 12 Main Export Customers 12 161KV Substation in B4 Belong to TPC TR :3P 161/22.8KV 60MVA * 4 PCS GIS:3P 161/22.8KV 60MVA * 4 PCS 1 Power transformer Power The Course of Change and Development In 1955, Shinlin Electric Joint Stock Company made its first step to manufacture heavy-duty electrical equipments in collaboration with Mitsubishi Electric Corporation, and developed 69kV, 161kV, 345kV power transformers. In 2003, successfully developed 345kV 650MVA transformer, the maximum capacity in Taiwan, for Taichung Thermal power Plant. And 161kV 60MVA SF6 Gas Insulated. Transformer for underground transformer station in Taipei World Trade Center. The 50-year-long relentless improvement, reliable expertise and superb quality enable Shihlin Electric to deliver customized products and services.
    [Show full text]
  • Formosa Plastics Corporation Corporate Social Responsibility Report Contents
    2015 Formosa Plastics Corporation Corporate Social Responsibility Report Contents 01 A Message from the Management Team 1. About the Report 3. Transparent and Honest Corporate Governance 05 1.1 Overview 37 3.1 Shareholders: A Trustworthy Corporation 05 1.2 Report Guidelines for Investors 06 1.3 Report Compilation Process 45 3.2 Customers: A Corporation that Grows with Its Customers 07 1.4 Stakeholder Identication and Communication 47 3.3 Suppliers and Contractors: Creating a Business Relationship based on Mutual 09 1.5 Identication of Critical Issues Trust and Interests 13 1.6 Risk Management 14 1.7 Corporate Social Responsibility Objectives 15 1.8 CSR Achievements at a Glance 2. Company Overview 23 2.1 Company Prole 4. A Happy and Healthy Work Environment 25 2.2 Management Philosophy 26 2.3 Main Products and Market Share 53 4.1 Protection of Human Rights and Recruitment 34 2.4 Participation in External Associations 56 4.2 Rights and Welfare of Employees 34 2.5 Economic Performance 62 4.3 Human Capital Cultivation 64 4.4 A Safe and Healthy Work Environment 5. Environment Sustainability 7. Social Welfare 71 5.1 Commitment to Environmental 119 7.1 Charitable Donations Protection 121 7.2Promotion of Medical Services and Education 74 5.2 Environmental Accounting 126 7.3 Social Assistance 75 5.3 Water and Energy Conservation and Greenhouse Gas Reduction 82 5.4 Energy Conservation in the Ofce 82 5.5 Environmental Protection at the Plant 90 5.6 Product Safety and Health Responsibility Appendix 135 1. Global Reporting Initiative 146 2.
    [Show full text]
  • FUBON FINANCIAL HOLDING CO., LTD. and SUBSIDIARIES Consolidated Financial Statements June 30, 2010 and 2009 (With Independent Au
    FUBON FINANCIAL HOLDING CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements June 30, 2010 and 2009 (With Independent Auditors’ Report Thereon) WorldReginfo - 68c40a86-c981-4665-8ce1-1a57e31014dc Independent Auditors’ Report The Board of Directors Fubon Financial Holding Co., Ltd.: We have audited the accompanying consolidated balance sheets of Fubon Financial Holding Co., Ltd. and its subsidiaries (the Company) as of June 30, 2010 and 2009, and the related consolidated statements of income, changes in stockholders’ equity, and cash flows for the six-month periods ended June 30, 2010 and 2009. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to issue an opinion on these financial statements based on our audit. We conducted our audits in accordance with generally accepted auditing standards and the “Regulations Governing Auditing and Certification of Financial Statements by Certified Public Accountants” of the Republic of China. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. We believe that our audits provide a reasonable basis for our opinion.
    [Show full text]