DOCSLIB.ORG

WATERLAND FINANCIAL HOLDINGS 2018 ANNUAL REPORT April 30, 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
WATERLAND FINANCIAL HOLDINGS 2018 ANNUAL REPORT April 30, 2019 Stock Code: 2889 WFH Annual Report is available at Taiwan Stock Exchange Market Observation Post System: http://mops.twse.com.tw Corporate Website: http:// www.waterland-fin.com.tw WATERLAND FINANCIAL HOLDINGS 2018 ANNUAL REPORT April 30, 2019 Spokesperson Waterland Financial Holding Co., Ltd. Name: Andrew Chiu 4F/10F, No.167, Sec. 2, Nanjing E. Rd., Title: Executive Vice President Taipei (104) , Taiwan(R.O.C.) TEL：+886-2-2515-4567 Tel: 886-2-2515-4567 http://www.waterland-fin.com.tw E-mail: [email protected] International Bills Finance Corporation 2F/9-11F, No.167, Sec. 2, Nanjing E. Deputy Spokesperson Rd., Taipei (104) , Taiwan(R.O.C.) Name: Andre Huang TEL：+886-2-2518-1688 http://www.ibfc.com.tw Title: Manager Tel: 886-2-2515-4567 E-mail: [email protected] Waterland Securities Co., Ltd. 15F, No.188, Sec. 5, Nanjing E. Rd., Taipei (105) , Taiwan(R.O.C.) Stock Transfer Agent TEL：+886-2-2528-8988 http://www.wls.com.tw Waterland Securities Address: 4F., No.199, Sec. 3, Chongqing N. Rd., Waterland Venture Capital Co., Ltd. Datong Dist., Taipei City 103, Taiwan (R.O.C.) 8F-6, No.188, Sec. 5, Nanjing E. Rd., Taipei (105) , Taiwan(R.O.C.) Tel: 886-2-2593-6666 TEL：+886-2-2528-8077 Website: http://www.wls.com.tw http://www.waterland-vc.com.tw Auditors PwC Taiwan Auditors: Shu-Mei Chi, Hsien-I Chen Address: 27F, No. 333, Sec. 1, Keelung Rd., Xinyi Dist., Taipei 11012, Taiwan (R.O.C) Tel.: 886-2-2729-6666 Website: http://www.pwc.tw Credit Rating Agency Fitch Australia Pty Ltd, Taiwan Branch Address: Rm. 1306, 13F., No.205, Dunhua N. Rd., Songshan Dist., Taipei City 105, Taiwan (R.O.C.) Tel.: 886-2-8175-7600 Website: https://www.fitchratings.com/site/taiwan Name of any exchanges where the company's securities are traded offshore, and the method by which to access information on said offshore securities: None CONTENTS ANNUAL REPORT 2018 I.Letter to Shareholders ............................................................................................................... 1 1.1 Operating Results in 2018 ................................................................................................. 1 1.2 Business Plan for 2019 ...................................................................................................... 4 1.3 Development Strategy ....................................................................................................... 5 1.4 The Impact of the External Competitive Environment, Regulatory Environment, and Macroeconomic Conditions ............................................................................................... 6 1.5 Credit Ratings .................................................................................................................... 8 II.Company Profile....................................................................................................................... 9 2.1 Date of Incorporation ......................................................................................................... 9 2.2 Company History ............................................................................................................... 9 III.Corporate Governance Report .............................................................................................. 14 3.1 Organization ...................................................................................................................... 14 3.2 Directors and Management Team ...................................................................................... 18 3.3 Remuneration of Directors, President, Vice President and Bonus to Employees ............. 36 3.4 Implementation of Corporate Governance ........................................................................ 42 3.5 Information Regarding the Company’s Audit Fee and Independence ............................... 91 3.6 Replacement of CPA .......................................................................................................... 92 3.7 The Company’s Chairman, Chief Executive Officer, Chief Financial Officer, and Managers in Charge of its Finance and Accounting Operations Hold any Positions in the Company’s Independent Auditing Firm or its Affiliates During 2018. ................... 93 3.8 Changes in Shareholding of Directors, Managers and Major Shareholders ...................... 93 3.9 Relationship among the Top Ten Shareholders ................................................................. 96 3.10 Ownership of Shares in Affiliated Enterprises ................................................................ 98 IV. Capital Overview .................................................................................................................... 99 4.1 Capital and Shares ............................................................................................................. 99 4.2 Bonds, Preferred Shares, Global Depository Receipts, Employee Stock Options, and Issuance of New Restricted Employee Shares. .................................................................. 107 4.3 Status of New Shares Issuance in Connection with Mergers and Acquisitions ................ 107 4.4 Financing Plans and Implementation ................................................................................ 107 V. Operational Highlights ............................................................................................................ 108 5.1 Business Activities ............................................................................................................. 108 5.2 Trans-industry and Cross-selling Effectiveness ................................................................. 125 5.3 Market and Sales Overview ............................................................................................... 125 5.4 Human Resources .............................................................................................................. 132 5.5 Corporate Social Responsibility and Ethical Behavior ..................................................... 134 5.6 Number of Employees of Non-supervisory Roles, Annual Average Welfare Expense of Employees and Difference with the Previous Year ....................................................... 136 5.7 IT Infrastructure ................................................................................................................. 136 5.8 Labor Relations .................................................................................................................. 138 5.9 Important Contracts ........................................................................................................... 140 VI. Financial Information ........................................................................................................... 143 6.1 Five-Year Financial Summary ........................................................................................... 143 6.2 Five-Year Financial Analysis ............................................................................................. 146 6.3 Audit Committee’s Report for the Year 2018 .................................................................... 149 6.4 Financial Statements for the Year 2018 ............................................................................. 149 6.5 For 2018 and Up to the Printing Date of this Annual Report of the Company and Affiliates, Any Occurrence of Financial Difficulties Affecting the Financial Status of the Company. ................................................................................................................. 149 VII. Review of Financial Conditions, Financial Performance, and Risk Management ........ 150 7.1 Analysis of Financial Status .............................................................................................. 150 7.2 Analysis of Financial Performance .................................................................................... 151 7.3 Analysis of Cash Flow ....................................................................................................... 152 7.4 Major Capital Expenditure Items ...................................................................................... 153 7.5 Investment Policy in the Year 2018, Main Causes for Profits or Losses, Improvement Plans and Investment Plans for the Coming Year ....................................... 153 7.6 Analysis of Risk Management ........................................................................................... 155 7.7 Emergency Response Mechanism ..................................................................................... 183 7.8 Other Significant Incidents ................................................................................................ 183 VIII. Special Disclosure ............................................................................................................... 184 8.1 Information of Affiliated Enterprises ................................................................................. 184 8.2 Private Placement Securities in the Most Recent Years .................................................... 190 8.3 Shares in the Company Held or Disposed of by Subsidiaries in the Most Recent Years .................................................................................................................................. 190 8.4 Other events requiring further explanation ........................................................................ 190 8.5 For 2018 and up to the printing date of the annual report, occurrence
Load more

Recommended publications
  • Papal Visit Philippines 2014 and 2015 2014
    This event is dedicated to the Filipino People on the occasion of the five- day pastoral and state visit of Pope Francis here in the Philippines on October 23 to 27, 2014 part of 22- day Asian and Oceanian tour from October 22 to November 13, 2014. Papal Visit Philippines 2014 and 2015 ―Mercy and Compassion‖ a Papal Visit Philippines 2014 and 2015 2014 Contents About the project ............................................................................................... 2 About the Theme of the Apostolic Visit: ‗Mercy and Compassion‘.................................. 4 History of Jesus is Lord Church Worldwide.............................................................................. 6 Executive Branch of the Philippines ....................................................................... 15 Presidents of the Republic of the Philippines ....................................................................... 15 Vice Presidents of the Republic of the Philippines .............................................................. 16 Speaker of the House of Representatives of the Philippines ............................................ 16 Presidents of the Senate of the Philippines .......................................................................... 17 Chief Justice of the Supreme Court of the Philippines ...................................................... 17 Leaders of the Roman Catholic Church ................................................................ 18 Pope (Roman Catholic Bishop of Rome and Worldwide Leader of Roman
    [Show full text]
  • Konstruksi Makna Pageant Bagi Pria Di Kota Pekanbaru Yang Pernah Mengikuti Ajang Male Pageant Dalam Perspektif Fenomenologi
    KONSTRUKSI MAKNA PAGEANT BAGI PRIA DI KOTA PEKANBARU YANG PERNAH MENGIKUTI AJANG MALE PAGEANT DALAM PERSPEKTIF FENOMENOLOGI Oleh: Dira Rawina Windasari Email: [email protected] Pembimbing: Dr. Noor Efni Salam, M.Si Jurusan Ilmu Komunikasi-Konsentrasi Hubungan Masyarakat Fakultas Ilmu Soisal dan Ilmu Politik Universitas Riau, Pekanbaru Kampus Bina Widya Jl. HR. Soebrantas Km. 12,5 Simpang Baru Pekanbaru 28293 Telp/Fax. 0761-63272 ABSTRACT The emergence of pageant is a new phenomenon in Indonesia that has attracted the interest of productive Indonesians to follow. The pageant event is identical as a beauty event that is for women. Along with the development of the era of modernization, gender equality is increasingly widespread to achieve an achievement began popping special pageant event for men called the male pageant. The development of the pageant`s male event itself is already visible in Pekanbaru City. It can be seen from the start of the number of male pageant event ever held in this city. This study aims to find out how the motives of men in Pekanbaru follow the male pageant, and how they interpret the pageant event itself. This research uses qualitative research method with phenomenology approach. Research subjects consisted of 4 men in Pekanbaru City who had followed the male pageant event chosen using snowball technique. Data collection is done through in-depth interviews, observation and documentation. To test the validity of the data the author using the method of extension of participation and triangulation. The result of this research shows that male motive in Pekanbaru City follows the male pageant consisting of past motive (because motive) and future motive (in order to motive).
    [Show full text]
  • Stad Strategies of Defending Self Image in the Public Speaking Delivered by Mr Tourism Sumatera Barat
    Stad Strategies of Defending Self Image in the Public Speaking Delivered by Mr Tourism Sumatera Barat 1Putri Dian Afrinda; 2Diyan Permata Yanda 1,2STKIP PGRI of West Sumatera, Padang, Indonesia Email: [email protected]; [email protected] Article Info ABSTRACT This article aims to explain how public speaking strategies for Mr. Article history: Tourism Sumatera Barat 2018 as a form of defending self image. The Submitted April 13, 2018 strategy that can be used is the strategy of telling Brown and Levinson Revised December 5, 2018 about positive and negative faces. As the center of attention, a speaker Accepted April 4, 2019 must be able to maintain the face for an audience (audience) with the Published April 4, 2019 material presented. Public speaking training can be given in the form of material presentation and training using STAD type cooperative Keywords: learning model. By using STAD type model, it is expected that the training participants can learn in their respective groups with directed STAD Strategy, instructors for the preparation of individual presentation. The results Self-image, of the activities show that STAD model is effectively used to practice Public Speaking speech or public speaking. This is evident from the activity of the trainees following the material and confidence in public speaking. Corresponding Author: Putri Dian Afrinda, STKIP PGRI of West Sumatera, Padang, Indonesia. Email: [email protected] INTRODUCTION The Election of Mr. Tourism Sumatera Barat 2018 is a prestigious event to introduce West Sumatera tourism objects and arts nationally and internationally. The selected Finalists are talented people who have talent and concern for the environment, so it is expected to be the center of public attention.
    [Show full text]
  • Conde, David W., 1906
    David H . Conde, 1906 - An Inventory of His Papers in The Library of the University of British Columbi a Special Collections Divisio n Prepare d by Renee Robillard (1975 ) Gloria Green (1978 ) Greg Dayton (1979 ) Jim Bowman (1982) INTRODUCTION David W. Conde was born in Ontario, Canada in 1906. Be moved to the United States in the early twenties and became a U.S. citizen in California in 1932. From October 1945 until July 1946, Conde worked for the U.S. State Department in the Occupation of Japan as the head of the Motion Picture Department of the Civil Information and Education Section. In late 1946- 1947, Conde was employed by the Reuters news agency to cover the Tokyo War Crimes Trials. He was ultimately expelled from these proceedings by General Douglas MacArthur. He then worked as a correspondent in Shanghai for a few months. In 1964, David Conde returned to Tokyo and became a regular Japan correspondent for various periodicals, including the Far Eastern Economic Review and Ta Kung Pao. Several of his full- length books have been published in Japanese. Most of his articles have appeared in English language publications. Conde writes chiefly about Japanese and American domestic and foreign political policies, usually from a very critical viewpoint. He also writes about China, Korea, Vietnam and other Asian nations. Conde donated collections of his manuscripts and printed materials to the UBC Library in 1964, 1975, 1976, and 1977. The accessions were arranged and inventoried at separate times, according to the following scheme. Boxes 1 to 10 - 1975 Accession, consisting mostly of manuscripts for Conde's books and articles published between 1964 and 1975.
    [Show full text]
  • Annual Report 2013 40 Years of Creating & Connecting Marketers Contents
    ANNUAL REPORT 2013 40 Years of Creating & Connecting Marketers Contents 01 Vision, Mission & Functions 02 Pillars of MIS 04 Message from the President 05 Message from the Senate Chairman 06 Honorary Secretary’s Report 07 Corporate Governance 10 40 Years Milestone 14 Key Highlights of MIS 40 Years Anniversary 18 2013 Key Statistics At a Glance MEMBERSHIP SERVICES 20 Events That Connect Marketers 24 Roadshow 25 Benefits & Privileges through Partnership 26 Outreach Channels EXECUTIVE DEVELOPMENT SERVICES 28 Achievements 29 Event Highlights 30 Outreach Activites & Events MARKETING INSTITUTE OF SINGAPORE TRAINING CENTRE 32 About MISTC 33 Open House 34 Outreach Channels 36 Graduation Ceremony 2013 37 Student Activities STAFF ARE OUR MOST VALUABLE ASSETS 40 Bowling Challenge & Eco Tours 41 Health Screening & Staff Retreat 42 Health Talk & Zumba Classes 43 Staff Sharing Sessions & Lights, Camera, Actions Workshop 44 Year End Party 2013 CORPORATE SOCIAL RESPONSIBILITY 46 MIS Cares with Bishan Home - HiPPO Style! 47 Philippines Typhoon Haiyan Relief Effort 48 Meaningful Christmas at Lions Befrienders Vision, Mission & Functions ROLES AND FUNCTIONS The Marketing Institute of Singapore (MIS) is the national professional body for sales and VISION marketing. Since 1973, the institute has nurtured more than 50,000 students, sales and marketing practitioners through its continuous education and executive development programmes. It also serves as a hub for students, professionals, and organisations interested in sales and marketing to congregate, network, and exchange knowledge. The Institute believes in promoting marketing as a philosophy and developing students holistically with our robust academic framework. The qualifications awarded by Marketing Institute of Singapore Training Centre are well regarded and recognised, especially in the fields of Business Management, Sales and Marketing.
    [Show full text]
  • Booklet Form
    missosology BEAUTYBEAUTY ++ B R AW N B R AWby N kirinaurduja pageant expert Once considered as a certain anomaly in the culture of beauty, male pageants nowadays are a regular spectacle akin to its female counterpart, where prime specimens of universal aesthetics of beauty are being primped and paraded for appraisal, gaining the nods of approval from the judges. Lately, there has been frenzy over the male physique and artistry resulting in the birth of male beauty pageants. And the interest is growing in a pace that one would not imagine 20 years ago. BEAUTY+B R AW N must admit, I seldom participate in the discussions related to male beauty pageants, but still, it has never fail to titillate my senses enough to distract me Ieven when I am at work. I grew up thinking that there is nothing beyond the twirling and twisting of the curvaceous bodies of the female beauty genre, but little did I know that the concept of beauty encompasses all age and gender. Armed with enough curiosity about this such not-so-novel phenomenon, I explored the net and delved for the answers to the question that has been occupying my mind all the while: what's the relevance of this to our modern society and its impact to the people's awareness, from simpering girls to shrieking flamboyant gay fans and even to the direct target of the contest, the heterosexual males. Like its female counterpart, male beauty pageants is not without its shady past of allegedly realizing each and every male homosexual dreams and that is the exhibition of prime specimens of male anatomy long- fantasized by the closeted and even openly gay males.
    [Show full text]
  • DISCOURSE of INDONESIAN MEN's BODY FIGHT in MEN's FITNESS CONTEST Wacana Pertarungan Tubuh Laki-Laki Indonesia Dalam Kontes Kebu
    Bricolage : Jurnal Magister Ilmu Komunikasi Versi Online: http://journal.ubm.ac.id/ Vol.7 (No. 1): 19 - 30 Th. 2021 Hasil Penelitian p-ISSN: 2502-0935 e-ISSN: 2615-6423 DISCOURSE OF INDONESIAN MEN'S BODY FIGHT IN MEN'S FITNESS CONTEST Wacana Pertarungan Tubuh Laki-Laki Indonesia dalam Kontes Kebugaran Laki-Laki 1) Teguh Dwi Putranto, 2) Rahma Sugihartati, 3) Santi Isnaini, 4) Suko Widodo, 5) Erica Monica Abao Garcia 1,2,3,4) Airlangga University, Indonesia 5) La Trobe University, Australia 1,2,3,4) Jl. Airlangga No.4 - 6, Airlangga, Kec. Gubeng, Kota SBY, Jawa Timur 60115, Indonesia 5) Plenty Rd &, Kingsbury Dr, Bundoora VIC 3086, Australia Received 2020-10-06 / Approved 2021-02-19 ABSTRACT The men body is not only seen as a body. Currently, the men's body has been exploited by capitalism which rivals the popularity of the women's body which is usually exploited through beauty contests. The men's body, which is disciplined by fitness products, has now ventured into men's fitness contests, one of which is The New L-Men of The Year which has been transformed from L-Men of The Year. This is one of the annual fitness contests for Indonesian men which was stopped in 2014, and then re-held in 2018. This research seeks to unravel the discourse behind The New L-Men of The Year using the critical discourse analysis method by van Dijk. The unit of analysis for this research is online news on fimela.com related to the fitness contest The New L- Men of the Year 2018 period.
    [Show full text]