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 29,
2016
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Commission File Number 001-16125
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Advanced
Semiconductor Engineering, Inc.
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( Exact name of Registrant as specified in its charter)
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26 Chin Third Road
Nantze Export Processing Zone
Kaoshiung, Taiwan
Republic of China
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(Address of principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or 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.
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.
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ADVANCED SEMICONDUCTOR
ENGINEERING, INC.
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Date:
July 29,
2016
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By:
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/s/ Joseph Tung
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Name:
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Joseph Tung
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Title:
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Chief Financial Officer
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Advanced Semiconductor Engineering, Inc.
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FOR IMMEDIATE RELEASE
IR Contact:
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Michelle Jao, Manager
mjao@iselabs.com
Tel: +1.510.687.2481
http://www.aseglobal.com
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Grace Teng, Manager
grace_teng@aseglobal.com
Tel: +886.2.6636.5678
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ADVANCED
SEMICONDUCTOR ENGINEERING, INC. REPORTS UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2016
Taipei,
Taiwan, R.O.C., July 29, 2016 – Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) (“We”, “ASE”,
or the “Company”), among the leading providers of packaging and testing services, today reported unaudited net revenues
1
of NT$62,601 million for the second quarter of 2016 (2Q16), down by 11% year-over-year and up by 0.4% sequentially. Net income
attributable to shareholders of the parent for the quarter totaled NT$4,679 million, up from a net income attributable to shareholders
of the parent of NT$3,652 million in 2Q15 and up from a net income attributable to shareholders of the parent of NT$4,163 million
in 1Q16. Basic earnings per share for the quarter were NT$0.61 (or US$0.094 per ADS), compared to basic earnings per share of NT$0.48
for 2Q15 and NT$0.54 for 1Q16. Diluted earnings per share for the quarter were NT$0.51 (or US$0.079 per ADS), compared to diluted
earnings per share of NT$0.43 for 2Q15 and 1Q16.
RESULTS
OF OPERATIONS
2Q16
Results Highlights – Consolidated
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Net revenue contribution
from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately
48%, 10%, 40%, 1% and 1%, respectively, of total net revenues for the quarter.
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Cost of revenue was NT$50,346
million for the quarter, down from NT$50,922 million in 1Q16.
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Raw material cost totaled NT$27,293 million
during the quarter, representing 44% of total net revenues.
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-
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Labor cost totaled NT$8,678 million during
the quarter, representing 14% of total net revenues.
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-
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Depreciation, amortization and rental expenses
totaled NT$6,996 million during the quarter.
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Gross margin increased
1.2 percentage points to 19.6% in 2Q16 from 18.4% in 1Q16.
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Operating margin was
9.5% in 2Q16 compared to 8.3% in 1Q16.
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In terms of non-operating
items:
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_______________
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.
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Advanced Semiconductor Engineering, Inc.
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-
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Net interest expense was NT$532 million.
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Net foreign exchange loss of NT$238 million
was primarily attributable to the appreciation of the U.S. dollar against the NT dollar.
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Gain on valuation of financial assets and liabilities was NT$858 million.
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Net gain on equity-method investments was NT$892 million, including NT$934 million of the share
of profit from our investment in Siliconware Precision Industries Co., Ltd.
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Other net non-operating loss of NT$438 million was primarily related to miscellaneous loss. Total
non-operating income for the quarter were NT$542 million.
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Income before tax was
NT$6,473 million for 2Q16, compared to NT$5,656 million in 1Q16. We recorded income tax expenses of NT$1,523 million during the
quarter, compared to NT$1,318 million in 1Q16.
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In 2Q16, net income attributable
to shareholders of the parent was NT$4,679 million, compared to net income attributable to shareholders of the parent of NT$3,652
million for 2Q15 and net income attributable to shareholders of the parent of NT$4,163 million for 1Q16.
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Our total number of shares
outstanding at the end of the quarter was 7,923,622,596, including treasury stock owned by our subsidiaries. Our 2Q16 basic earnings
per share of NT$0.61 (or US$0.094 per ADS) were based on 7,657,902,937 weighted average number of shares outstanding in 2Q16. Our
2Q16 diluted earnings per share of NT$0.51 (or US$0.079 per ADS) were based on 8,238,395,704 weighted average number of shares
outstanding in 2Q16.
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2Q16
Results Highlights – IC ATM
2
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Cost of revenues was NT$28,943
million for the quarter, up by 4% sequentially.
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Raw material cost totaled NT$8,458 million
during the quarter, representing 22% of total net revenues.
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Labor cost totaled NT$7,478 million during
the quarter, representing 19% of total net revenues.
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Depreciation, amortization and rental expenses
totaled NT$6,383 million during the quarter.
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Gross margin increased
2.8 percentage points to 24.8% in 2Q16 from 22.0% in 1Q16.
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Operating margin was
12.9% in 2Q16 compared to 9.1% in 1Q16.
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2Q16
Results Highlights – EMS
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Cost of revenues for the
quarter was NT$22,326 million, down by 2% sequentially.
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Raw material cost totaled NT$18,879 million
during the quarter, representing 76% of total net revenues.
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Labor cost totaled NT$1,199 million during
the quarter, representing 5% of total net revenues.
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Depreciation, amortization and rental expenses
totaled NT$651 million during the quarter.
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Gross margin increased
to 10.3% in 2Q16 from 8.1% in 1Q16.
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Operating margin increased
to 3.3% in 2Q16 from 1.5% in 1Q16.
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LIQUIdiTY
AND CAPITAL RESOURCES
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Capital expenditures in
2Q16 totaled US$257 million, of which US$136 million were used for packaging, US$107 million for testing, US$4 million for EMS
and US$10 million for
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_______________
2
ATM stands for Semiconductor Assembly, Testing and Material.
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Advanced Semiconductor Engineering, Inc.
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As of June 30, 2016, total
unused credit lines amounted to NT$184,607 million.
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Current ratio was 1.13
and net debt to equity ratio was 0.44 as of June 30, 2016.
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Total number of employees
was 65,437 as of June 30, 2016, compared to 63,357 as of March 31, 2016.
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Business
Review
Packaging
Operations
3
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Gross margin for our packaging
operations for the quarter was 21.5%, up by 2.4 percentage points from 1Q16.
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Capital expenditures for
our packaging operations amounted to US$136 million for the quarter, of which US$56 million were used in purchases of wafer bumping
and flip chip packaging equipment, US$52 million were used in purchase of common equipment, including SiP equipment purchases,
and US$28 million were used in wirebond packaging specific
purposes.
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Testing
Operations
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Depreciation, amortization
and rental expense associated with our testing operations amounted to NT$1,657 million during the quarter, down from NT$1,681 million
in 1Q16.
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In 2Q16, gross margin
for our testing operations was 36.8%, up by 3.9 percentage point from 1Q16.
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Capital expenditures for
our testing operations amounted to US$107 million during the quarter.
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EMS
Operations
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In 2Q16, gross margin
for our EMS operations was 10.3%, up by 2.2 percentage points from 1Q16.
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Capital expenditures for
our EMS operations amounted to US$4 million during the quarter.
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Substrate
Operations
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PBGA substrate manufactured
by ASE amounted to NT$2,477 million for the quarter, up by NT$207 million, or by 9% from 1Q16. Of the total output of NT$2,477
million, NT$759 million was from sales to external customers.
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Gross margin for substrate
operations was 18.8% for the quarter, up by 1.9 percentage points from 1Q16.
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In 2Q16, our internal
substrate manufacturing operations supplied 37% (by value) of our total substrate requirements.
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Customers
IC
ATM consolidated Basis
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Our five largest customers
together accounted for approximately 35% of our total net revenues in 2Q16, remained the same as 1Q16. No customer accounted for
more than 10% of our total net revenues in 2Q16.
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Our top 10 customers contributed
51% of our total net revenues during the quarter, which remained the same as 1Q16.
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Our customers that are
integrated device manufacturers, or IDMs, accounted for 33% of our
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_______________
3
IC packaging services include module assembly services.
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total net revenues during the quarter, compared to 35% in 1Q16.
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EMS
Basis
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Our five largest customers
together accounted for approximately 76% of our total net revenues in 2Q16, compared to 77% in 1Q16. One customer accounted for
more than 10% of our total net revenues in 2Q16.
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Our top 10 customers contributed
88% of our total net revenues for the quarter, compared to 89% in 1Q16.
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outlook
Based on our current business outlook and
exchange rate assumptions, management projects overall performance for the third quarter of 2016 to be as follows:
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IC ATM capacity will increase 5% sequentially;
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IC ATM utilization rate will also increase 5% sequentially;
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IC ATM gross margin should be around 4Q15 levels;
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EMS business should approach 2Q15 levels;
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EMS gross margin should approach 1Q16 levels.
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About ASE, Inc.
ASE, Inc. is among the leading providers
of packaging services and testing services, 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, including statements regarding our future results of operations
and business prospects. 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 acquisition of 100% of Siliconware Precision Industries Co., Ltd. shares not otherwise owned
by ASE; 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 2015 Annual Report
on Form 20-F filed on April 29, 2016.
Supplemental
Financial Information
IC
ATM Consolidated Operations
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Amounts in NT$ Millions
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2Q/16
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1Q/16
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2Q/15
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Net
Revenues
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38,504
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35,543
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37,671
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Revenues
by Application
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Communication
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52%
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51%
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55%
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Computer
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12%
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12%
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10%
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Automotive, Consumer & Others
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36%
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37%
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35%
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Packaging
Operations
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Amounts in NT$ Millions
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2Q/16
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1Q/16
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2Q/15
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Net
Revenues
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31,180
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28,597
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30,558
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Revenues
by Packaging Type
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Bumping, Flip Chip, WLP & SiP
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31%
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29%
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31%
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IC Wirebonding
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61%
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62%
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57%
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Discrete and Others
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8%
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9%
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12%
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Capacity
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CapEx (US$ Millions)*
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136
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62
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140
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Number of Wirebonders
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15,920
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15,629
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15,662
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Testing
Operations
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Amounts in NT$ Millions
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2Q/16
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1Q/16
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2Q/15
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Net
Revenues
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6,502
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5,995
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6,230
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Revenues
by Testing Type
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Final test
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77%
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78%
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75%
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Wafer sort
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20%
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18%
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21%
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Engineering test
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3%
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4%
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4%
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Capacity
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CapEx (US$ Millions)*
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107
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47
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43
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Number of Testers
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3,629
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3,453
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3,370
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EMS
Operations
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Amounts in NT$ Millions
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2Q/16
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1Q/16
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2Q/15
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Net
Revenues
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24,886
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24,788
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34,576
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Revenues
by End Application
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Communication
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46%
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51%
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44%
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Computer
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20%
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19%
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13%
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Consumer
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18%
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15%
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28%
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Industrial
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8%
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7%
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9%
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Automotive
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7%
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7%
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5%
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Others
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1%
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1%
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1%
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Capacity
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CapEx (US$ Millions)*
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4
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2
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27
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*
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)
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For the three months ended
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For the six months ended
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Jun. 30
2016
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Mar. 31
2016
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Jun. 30
2015
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Jun. 30
2016
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Jun. 30
2015
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Net revenues:
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Packaging
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30,178
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28,036
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28,618
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58,214
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57,939
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Testing
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6,503
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5,995
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6,231
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12,498
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12,411
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Direct Material
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759
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892
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839
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1,651
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1,700
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EMS
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24,845
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24,749
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34,534
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49,594
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62,834
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Others
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316
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2,699
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-
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3,015
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-
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Total net revenues
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62,601
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62,371
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70,222
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124,972
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|
134,884
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|
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|
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|
Cost of revenues
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|
(50,346
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)
|
|
|
(50,922
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)
|
|
|
(58,656
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)
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|
(101,268
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)
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(111,005
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)
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Gross profit
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12,255
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|
|
11,449
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|
|
11,566
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|
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23,704
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|
|
|
23,879
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|
|
|
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|
|
|
|
|
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|
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|
|
|
|
|
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|
Operating expenses:
|
|
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|
|
|
|
|
|
|
|
|
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|
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|
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Research and development
|
|
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(2,745
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)
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|
|
(2,608
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)
|
|
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(2,733
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)
|
|
|
(5,353
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)
|
|
|
(5,280
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)
|
|
Selling, general and administrative
|
|
|
(3,579
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)
|
|
|
(3,635
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)
|
|
|
(3,424
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)
|
|
|
(7,214
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)
|
|
|
(6,898
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)
|
|
Total operating expenses
|
|
|
(6,324
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)
|
|
|
(6,243
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)
|
|
|
(6,157
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)
|
|
|
(12,567
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)
|
|
|
(12,178
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)
|
|
Operating income
|
|
|
5,931
|
|
|
|
5,206
|
|
|
|
5,409
|
|
|
|
11,137
|
|
|
|
11,701
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
|
|
(532
|
)
|
|
|
(527
|
)
|
|
|
(471
|
)
|
|
|
(1,059
|
)
|
|
|
(997
|
)
|
|
Foreign exchange gain (loss)
|
|
|
(238
|
)
|
|
|
881
|
|
|
|
839
|
|
|
|
643
|
|
|
|
1,379
|
|
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
858
|
|
|
|
(360
|
)
|
|
|
(349
|
)
|
|
|
498
|
|
|
|
(1,318
|
)
|
|
Gain (loss) on equity-method investments
|
|
|
892
|
|
|
|
385
|
|
|
|
(54
|
)
|
|
|
1,277
|
|
|
|
(50
|
)
|
|
Others
|
|
|
(438
|
)
|
|
|
71
|
|
|
|
26
|
|
|
|
(367
|
)
|
|
|
191
|
|
|
Total non-operating income (expenses)
|
|
|
542
|
|
|
|
450
|
|
|
|
(9
|
)
|
|
|
992
|
|
|
|
(795
|
)
|
|
Income before tax
|
|
|
6,473
|
|
|
|
5,656
|
|
|
|
5,400
|
|
|
|
12,129
|
|
|
|
10,906
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(1,523
|
)
|
|
|
(1,318
|
)
|
|
|
(1,596
|
)
|
|
|
(2,841
|
)
|
|
|
(2,452
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
4,950
|
|
|
|
4,338
|
|
|
|
3,804
|
|
|
|
9,288
|
|
|
|
8,454
|
|
|
Noncontrolling interest
|
|
|
(271
|
)
|
|
|
(175
|
)
|
|
|
(152
|
)
|
|
|
(446
|
)
|
|
|
(333
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
4,679
|
|
|
|
4,163
|
|
|
|
3,652
|
|
|
|
8,842
|
|
|
|
8,121
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
NT$0.61
|
|
|
|
NT$0.54
|
|
|
|
NT$0.48
|
|
|
|
NT$1.16
|
|
|
|
NT$1.06
|
|
|
– Diluted
|
|
|
NT$0.51
|
|
|
|
NT$0.43
|
|
|
|
NT$0.43
|
|
|
|
NT$0.94
|
|
|
|
NT$1.02
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
US$0.094
|
|
|
|
US$0.082
|
|
|
|
US$0.077
|
|
|
|
US$0.177
|
|
|
|
US$0.170
|
|
|
– Diluted
|
|
|
US$0.079
|
|
|
|
US$0.065
|
|
|
|
US$0.070
|
|
|
|
US$0.144
|
|
|
|
US$0.164
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in diluted EPS calculation (in thousands)
|
|
|
8,238,396
|
|
|
|
8,293,278
|
|
|
|
8,151,710
|
|
|
|
8,272,966
|
|
|
|
7,829,459
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange rate (NT$ per US$1)
|
|
|
32.40
|
|
|
|
33.07
|
|
|
|
30.84
|
|
|
|
32.74
|
|
|
|
31.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advanced Semiconductor Engineering,
Inc.
Summary of Consolidated Statement of
Comprehensive Income Data – IC ATM
(In NT$ millions,
except per share data)
(Unaudited)
|
|
|
For the three months ended
|
|
For the six months ended
|
|
|
|
Jun. 30
2016
|
|
Mar. 31
2016
|
|
Jun. 30
2015
|
|
Jun. 30
2016
|
|
Jun. 30
2015
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
|
|
31,180
|
|
|
|
28,597
|
|
|
|
30,558
|
|
|
|
59,777
|
|
|
|
62,104
|
|
|
Testing
|
|
|
6,502
|
|
|
|
5,995
|
|
|
|
6,230
|
|
|
|
12,497
|
|
|
|
12,410
|
|
|
Direct Material
|
|
|
801
|
|
|
|
931
|
|
|
|
865
|
|
|
|
1,732
|
|
|
|
1,726
|
|
|
Others
|
|
|
21
|
|
|
|
20
|
|
|
|
18
|
|
|
|
41
|
|
|
|
36
|
|
|
Total net revenues
|
|
|
38,504
|
|
|
|
35,543
|
|
|
|
37,671
|
|
|
|
74,047
|
|
|
|
76,276
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(28,943
|
)
|
|
|
(27,711
|
)
|
|
|
(28,167
|
)
|
|
|
(56,654
|
)
|
|
|
(56,777
|
)
|
|
Gross profit
|
|
|
9,561
|
|
|
|
7,832
|
|
|
|
9,504
|
|
|
|
17,393
|
|
|
|
19,499
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(2,021
|
)
|
|
|
(1,922
|
)
|
|
|
(1,969
|
)
|
|
|
(3,943
|
)
|
|
|
(3,878
|
)
|
|
Selling, general and administrative
|
|
|
(2,583
|
)
|
|
|
(2,688
|
)
|
|
|
(2,434
|
)
|
|
|
(5,271
|
)
|
|
|
(4,974
|
)
|
|
Total operating expenses
|
|
|
(4,604
|
)
|
|
|
(4,610
|
)
|
|
|
(4,403
|
)
|
|
|
(9,214
|
)
|
|
|
(8,852
|
)
|
|
Operating income
|
|
|
4,957
|
|
|
|
3,222
|
|
|
|
5,101
|
|
|
|
8,179
|
|
|
|
10,647
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
|
|
(576
|
)
|
|
|
(604
|
)
|
|
|
(489
|
)
|
|
|
(1,180
|
)
|
|
|
(1,019
|
)
|
|
Foreign exchange gain (loss)
|
|
|
(306
|
)
|
|
|
834
|
|
|
|
630
|
|
|
|
528
|
|
|
|
1,162
|
|
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
828
|
|
|
|
(261
|
)
|
|
|
(516
|
)
|
|
|
567
|
|
|
|
(1,645
|
)
|
|
Gain (loss) on equity-method investments
|
|
|
1,495
|
|
|
|
1,431
|
|
|
|
839
|
|
|
|
2,926
|
|
|
|
1,455
|
|
|
Others
|
|
|
(397
|
)
|
|
|
124
|
|
|
|
(336
|
)
|
|
|
(273
|
)
|
|
|
(141
|
)
|
|
Total non-operating income (expenses)
|
|
|
1,044
|
|
|
|
1,524
|
|
|
|
128
|
|
|
|
2,568
|
|
|
|
(188
|
)
|
|
Income before tax
|
|
|
6,001
|
|
|
|
4,746
|
|
|
|
5,229
|
|
|
|
10,747
|
|
|
|
10,459
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(1,266
|
)
|
|
|
(529
|
)
|
|
|
(1,537
|
)
|
|
|
(1,795
|
)
|
|
|
(2,246
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
4,735
|
|
|
|
4,217
|
|
|
|
3,692
|
|
|
|
8,952
|
|
|
|
8,213
|
|
|
Noncontrolling interest
|
|
|
(56
|
)
|
|
|
(54
|
)
|
|
|
(40
|
)
|
|
|
(110
|
)
|
|
|
(92
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
4,679
|
|
|
|
4,163
|
|
|
|
3,652
|
|
|
|
8,842
|
|
|
|
8,121
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
2016
|
|
Mar. 31
2016
|
|
Jun. 30
2015
|
|
Jun. 30
2016
|
|
Jun. 30
2015
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Total net revenues
|
|
|
24,886
|
|
|
|
24,788
|
|
|
|
34,576
|
|
|
|
49,674
|
|
|
|
62,920
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(22,326
|
)
|
|
|
(22,781
|
)
|
|
|
(32,370
|
)
|
|
|
(45,107
|
)
|
|
|
(58,449
|
)
|
|
Gross profit
|
|
|
2,560
|
|
|
|
2,007
|
|
|
|
2,206
|
|
|
|
4,567
|
|
|
|
4,471
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(742
|
)
|
|
|
(710
|
)
|
|
|
(783
|
)
|
|
|
(1,452
|
)
|
|
|
(1,444
|
)
|
|
Selling, general and administrative
|
|
|
(996
|
)
|
|
|
(920
|
)
|
|
|
(962
|
)
|
|
|
(1,916
|
)
|
|
|
(1,876
|
)
|
|
Total operating expenses
|
|
|
(1,738
|
)
|
|
|
(1,630
|
)
|
|
|
(1,745
|
)
|
|
|
(3,368
|
)
|
|
|
(3,320
|
)
|
|
Operating income
|
|
|
822
|
|
|
|
377
|
|
|
|
461
|
|
|
|
1,199
|
|
|
|
1,151
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-operating income
|
|
|
190
|
|
|
|
78
|
|
|
|
423
|
|
|
|
268
|
|
|
|
639
|
|
|
Income before tax
|
|
|
1,012
|
|
|
|
455
|
|
|
|
884
|
|
|
|
1,467
|
|
|
|
1,790
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(205
|
)
|
|
|
(81
|
)
|
|
|
(64
|
)
|
|
|
(286
|
)
|
|
|
(220
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
807
|
|
|
|
374
|
|
|
|
820
|
|
|
|
1,181
|
|
|
|
1,570
|
|
|
Noncontrolling interest
|
|
|
(204
|
)
|
|
|
(108
|
)
|
|
|
(110
|
)
|
|
|
(312
|
)
|
|
|
(240
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
603
|
|
|
|
266
|
|
|
|
710
|
|
|
|
869
|
|
|
|
1,330
|
|
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet
Data
(In NT$ millions)
(Unaudited)
|
|
|
As of Jun. 30, 2016
|
|
As of Mar. 31, 2016
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
36,873
|
|
|
|
45,070
|
|
|
Financial assets – current
|
|
|
3,588
|
|
|
|
4,358
|
|
|
Notes and accounts receivable
|
|
|
44,680
|
|
|
|
40,528
|
|
|
Inventories
|
|
|
44,263
|
|
|
|
44,224
|
|
|
Others
|
|
|
7,567
|
|
|
|
2,823
|
|
|
Total current assets
|
|
|
136,971
|
|
|
|
137,003
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets – non current & Investments – equity method
|
|
|
50,457
|
|
|
|
52,340
|
|
|
Property plant and equipment
|
|
|
147,650
|
|
|
|
147,234
|
|
|
Intangible assets
|
|
|
11,898
|
|
|
|
11,861
|
|
|
Prepaid lease payments
|
|
|
2,402
|
|
|
|
2,458
|
|
|
Others
|
|
|
5,564
|
|
|
|
5,594
|
|
|
Total assets
|
|
|
354,942
|
|
|
|
356,490
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
Short-term borrowings and short-term bills payable
|
|
|
18,319
|
|
|
|
34,154
|
|
|
Current portion of bonds payable
|
|
|
22,550
|
|
|
|
14,482
|
|
|
Current portion of long-term borrowings & capital lease obligations
|
|
|
5,229
|
|
|
|
1,356
|
|
|
Notes and accounts payable
|
|
|
31,340
|
|
|
|
28,907
|
|
|
Others
|
|
|
43,330
|
|
|
|
30,530
|
|
|
Total current liabilities
|
|
|
120,768
|
|
|
|
109,429
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds payable
|
|
|
24,652
|
|
|
|
32,582
|
|
|
Long-term borrowings & capital lease obligations
|
|
|
39,664
|
|
|
|
36,089
|
|
|
Other liabilities
|
|
|
9,629
|
|
|
|
9,653
|
|
|
Total liabilities
|
|
|
194,713
|
|
|
|
187,753
|
|
|
Shareholders of the parent
|
|
|
149,362
|
|
|
|
158,016
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncontrolling interest
|
|
|
10,867
|
|
|
|
10,721
|
|
|
Total liabilities & shareholders’ equity
|
|
|
354,942
|
|
|
|
356,490
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio
|
|
|
1.13
|
|
|
|
1.25
|
|
|
Net Debt to Equity
|
|
|
0.44
|
|
|
|
0.41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|