ALPHA NETWORKS INC. AND SUBSIDIARIES
Consolidated Balance Sheet March 31, 2023, December 31 and March 31, 2022
(Expressed in thousands of New Taiwan dollars)
2023/3/31 | 2022/12/31 | 2022/3/31 | ||||
Assets | Amount | % | Amount | % | Amount | % |
Current assets : | ||||||
Cash and cash equivalents | $ 4,006,913 | 15 | $ 4,084,284 | 15 | $ 3,776,520 | 14 |
Current financial assets at fair | ||||||
value through profit or loss | 39,981 | - | 61,084 | - | 67,724 | - |
Current financial assets at | ||||||
amortised cost | 220,000 | 1 | - | - | 399,940 | 1 |
Notes and accounts receivable, | ||||||
net(including related parties) | 4,941,288 | 19 | 5,598,816 | 21 | 4,794,577 | 18 |
Inventories | 9,438,255 | 35 | 9,424,252 | 35 | 11,507,229 | 42 |
Other current assets | 1,037,076 | 4 | 1,074,308 | 4 | 494,444 | 2 |
19,683,513 | 74 | 20,242,744 | 75 | 21,040,434 | 77 | |
Non-current assets : | ||||||
Non-current financial assets at | ||||||
fair value through other | ||||||
comprehensive income | 171,994 | - | 171,994 | - | 19,094 | - |
Non-current financial assets at | ||||||
amortised cost | 128,112 | - | 144,873 | - | 132,986 | - |
Property, plant and equipment | 4,431,108 | 17 | 4,222,057 | 16 | 3,876,034 | 14 |
Right-of-use assets | 518,016 | 2 | 427,860 | 2 | 440,085 | 2 |
Intangible assets | 1,273,049 | 5 | 1,304,437 | 5 | 1,328,711 | 5 |
Deferred tax assets | 199,650 | 1 | 222,151 | 1 | 253,821 | 1 |
Other non-current assets | 202,101 | 1 | 396,898 | 1 | 305,524 | 1 |
6,924,030 | 26 | 6,890,270 | 25 | 6,356,255 | 23 |
Total assets | $ 26,607,543 | 100 | $ 27,133,014 | 100 | $ 27,396,689 | 100 |
2023/3/31 | 2022/12/31 | 2022/3/31 | |||||||
Liabilities and Equity | Amount | % | Amount | % | Amount | % | |||
Current liabilities : | |||||||||
Current borrowings | $ | 3,200,755 | 12 | $ | 3,936,093 | 14 | $ | 5,182,573 | 19 |
Current financial liabilities at fair | |||||||||
value through profit or loss | 6,399 | - | 9,836 | - | 12,452 | - | |||
Accounts payable(including | |||||||||
related parties) | 5,199,869 | 20 | 5,031,113 | 19 | 5,288,171 | 20 | |||
Accrued expenses | 511,831 | 2 | 845,618 | 3 | 547,599 | 2 | |||
Dividends payable, non-cash | |||||||||
assets distributions | 1,208,651 | 5 | - | - | 622,396 | 2 | |||
Current tax liabilities | 533,298 | 2 | 475,146 | 2 | 321,302 | 1 | |||
Current provisions | 397,598 | 1 | 385,198 | 1 | 282,823 | 1 | |||
Bonds payable, current portion | - | - | - | - | 421,310 | 2 | |||
Long-term borrowings, current | |||||||||
portion | - | - | 26,000 | - | - | - | |||
Other current liabilities, others | 1,924,341 | 7 | 2,338,091 | 9 | 1,719,604 | 6 | |||
12,982,742 | 49 | 13,047,095 | 48 | 14,398,230 | 53 | ||||
Non-current liabilities : | |||||||||
Bonds payable | 570,126 | 3 | - | - | - | - | |||
Non-current portion of non-current | |||||||||
borrowings | - | - | - | - | 26,000 | - | |||
Non-current lease liabilities | 225,268 | 1 | 217,451 | 1 | 229,513 | 1 | |||
current | 103,860 | - | 145,642 | - | 194,630 | 1 | |||
Other non-current liabilities | 135,605 | - | 166,207 | 1 | 180,034 | - | |||
1,034,859 | 4 | 529,300 | 2 | 630,177 | 2 | ||||
Total liabilities | 14,017,601 | 53 | 13,576,395 | 50 | 15,028,407 | 55 | |||
Equity : | |||||||||
Ordinary share | 5,417,185 | 20 | 5,417,185 | 20 | 5,417,185 | 20 | |||
Capital surplus | 2,564,934 | 10 | 2,544,401 | 9 | 2,536,428 | 9 | |||
Retained earnings : | |||||||||
Legal reserve | 1,169,989 | 4 | 1,169,989 | 4 | 1,127,420 | 4 | |||
Special reserve | 447,091 | 2 | 447,091 | 2 | 448,804 | 2 | |||
Unappropriated retained earnings | 277,590 | 1 | 1,019,195 | 4 | 227,291 | 1 | |||
1,894,670 | 7 | 2,636,275 | 10 | 1,803,515 | 7 | ||||
Other equity interest | (215,114) | (1) | (226,549) | (1) | (233,788) | (1) | |||
Total equity attributable to | |||||||||
owners of parent | 9,661,675 | 36 | 10,371,312 | 38 | 9,523,340 | 35 | |||
Non-controlling interests | 2,928,267 | 11 | 3,185,307 | 12 | 2,844,942 | 10 | |||
Total equity | 12,589,942 | 47 | 13,556,619 | 50 | 12,368,282 | 45 | |||
Total liabilities and equity | $ | 26,607,543 | 100 | $ | 27,133,014 | 100 | $ | 27,396,689 | 100 |
- | - | - |
ALPHA NETWORKS INC. AND SUBSIDIARIES
Consolidated Statements of Comprehensive Income
For the three-month periods from January 1 to March 31, 2023 and 2022
(Expressed in thousands of New Taiwan dollars, except for earnings per share)
2023/1/1~2023/3/31 | 2022/1/1~2022/3/31 | ||||
Amount | % | Amount | % | ||
Operating revenue | $ | 7,869,340 | #### | 6,874,890 | 100.0 |
Operating costs | 6,469,569 | 82.0 | 5,573,621 | 81.0 | |
Gross profit from operations | 1,399,771 | 18.0 | 1,301,269 | 19.0 | |
Operating expenses : | |||||
Selling expenses | 298,966 | 4.0 | 304,821 | 4.0 | |
Administrative expenses | 315,152 | 4.0 | 311,652 | 5.0 | |
Research and development expenses | 463,188 | 6.0 | 417,408 | 6.0 | |
Impairment loss (impairment gain and reversal of impairment | |||||
loss) determined in accordance with IFRS 9 | 9,155 | - | (2,461) | - | |
Total operating expenses | 1,086,461 | 14.0 | 1,031,420 | 15.0 | |
Net operating income (loss) | 313,310 | 4.0 | 269,849 | 4.0 | |
Non-operating income and expenses : | |||||
Other income | 19,836 | - | 7,459 | - | |
Other gains and losses | (45,409) | (1.0) | (2,055) | - | |
Finance costs | (31,541) | - | (12,896) | - | |
Interest income | 17,061 | - | 4,130 | - | |
Total non-operating income and expenses | (40,053) | (1.0) | (3,362) | - | |
Profit (loss) before tax | 273,257 | 3.0 | 266,487 | 4.0 | |
Tax expenses | 86,403 | 1.0 | 105,436 | 2.0 | |
Profit (loss) | 186,854 | 2.0 | 161,051 | 2 | |
Other comprehensive income: | |||||
Components of other comprehensive income that will not | |||||
be reclassified to profit or loss | |||||
Gains (losses) on remeasurements of defined benefit plans | - | - | 545 | - | |
Unrealised gains (losses) from investments in equity | |||||
instruments measured at fair value through other | |||||
comprehensive income | - | - | (241) | - | |
Components of other comprehensive income that will | |||||
not be reclassified to profit or loss | - | - | 304 | - | |
Components of other comprehensive income that will be | |||||
reclassified to profit or loss | |||||
Exchange differences on translation | 4,210 | - | 244,843 | 4 | |
Other comprehensive income, net | 4,210 | - | 245,147 | 4 | |
Total comprehensive income | $ | 191,064 | 2 | 406,198 | 6 |
Profit (loss), attributable to: | |||||
Profit (loss), attributable to owners of parent | $ | 173,899 | 2 | 133,825 | 2 |
Profit (loss), attributable to non-controlling interests | 12,955 | - | 27,226 | - | |
$ | 186,854 | 2 | 161,051 | 2 |
ALPHA NETWORKS INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
For the three-month periods from January 1 to March 31, 2023 and 2022
(Expressed in thousands of New Taiwan dollars)
2023/1/1~2023/3/31 | 2022/1/1~2022/3/31 | ||
Cash flows from (used in) operating activities: | |||
Profit before tax | $ | 273,257 | 266,487 |
Adjustments | |||
Adjustments to reconcile profit (loss) | |||
Depreciation expenses | 140,964 | 117,524 | |
Amortization expenses | 55,264 | 49,972 | |
Expected credit (gain) loss | 9,155 | (2,461) | |
Net gain on financial assets or liabilities at fair value through profit or loss | 6,055 | 11,944 | |
Interest expense | 31,541 | 12,896 | |
Interest income | (17,061) | (4,130) | |
Loss on disposal of property, plant and equipment | 0 | 50 | |
Provision for inventory obsolescence and devaluation loss | 84,592 | 31,940 | |
(1,775) | - | ||
Total adjustments to reconcile profit (loss) | 308,735 | 217,735 | |
Changes in operating assets and liabilities: | |||
Notes and accounts receivable (including related parties) | 643,069 | (739,004) | |
Financial assets at fair value through profit or loss, mandatorily measured at fair value | (604) | 349 | |
Inventories | (76,699) | (2,300,347) | |
Other current assets | 48,959 | (25,384) | |
Financial liabilities held for trading | (9,836) | (2,927) | |
Accounts payable (including related parties) | 160,785 | 1,094,258 | |
Other payable to related parties | (2,968) | (1,427) | |
Other current liabilities | (832,949) | (107,042) | |
Net defined benefit liability | (41,782) | (9,609) | |
Other operating liabilities | (12,597) | - | |
Total changes in operating assets and liabilities | (124,622) | (2,091,133) | |
Total adjustments | 184,113 | (1,873,398) | |
Cash outflow generated from operations | 457,370 | (1,606,911) | |
Interest received | 16,653 | 1,819 | |
Interest paid | (27,436) | (12,501) | |
Income taxes paid | (34,370) | (31,289) | |
Cash flows from (used in) operating activities | 412,217 | (1,648,882) | |
Cash flows from (used in) investing activities | |||
Proceeds from disposal of financial assets at fair value through profit or loss | 23,766 | - | |
Acquisition of financial assets at amortised cost | (220,000) | (399,940) | |
Proceeds from repayments of financial assets at amortised cost | 2,730 | 375,007 | |
Acquisition of property, plant and equipment | (356,967) | (270,662) | |
Proceeds from disposal of property, plant and equipment | 20,835 | 680 | |
Decrease in refundable deposits | 13,981 | 3,791 | |
Acquisition of intangible assets | (23,956) | (32,915) | |
Decrease (increase) in other non-current assets | 191,755 | (81,652) | |
Net cash flows from (used in) investing activities | (347,856) | (405,691) | |
Cash flows from (used in) financing activities: | |||
Increase in short-term loans | 2,813,046 | 8,584,604 | |
Decrease in short-term loans | (3,445,699) | (7,446,983) | |
Proceeds from issuing bonds | 631,884 | - | |
Proceeds from long-term debt | 0 | 26,000 | |
Repayments of long-term debt | (26,000) | - | |
(Decrease) increase in guarantee deposits received | (443) | 330 | |
Payments of lease liabilities | (11,341) | (7,709) | |
Proceeds from endowments received by the company | 16 | 13 | |
Net cash flows from (used in) financing activities | (38,537) | 1,156,255 | |
Effect of exchange rate changes on cash and cash equivalents | (103,195) | 176,788 | |
Net decrease in cash and cash equivalents | (77,371) | (721,530) | |
Cash and cash equivalents at beginning of period | 4,084,284 | 4,498,050 | |
Cash and cash equivalents at end of period | $ | 4,006,913 | 3,776,520 |
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Disclaimer
Alpha Networks Inc. published this content on 03 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2023 04:00:06 UTC.