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

Attachments

  • Original Link
  • Original Document
  • Permalink

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.