Commission File Number 001-31335 | |
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AU Optronics Corp.
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(Translation of registrant’s name into English)
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No. 1 Li-Hsin Road 2
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Hsinchu Science Park
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Hsinchu, Taiwan
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(Address of principal executive offices)
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Form 20-F x Form 40-F o
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Yes o No x |
1.
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Press release entitled, “AU Optronics Corp. Reports Fourth 2014 Financial Results” dated January 29, 2015.
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2.
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Investor Conference Materials entitled, “AU Optronics Corp. Fourth Quarter 2014 Results”, dated January 29, 2015.
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AU Optronics Corp.
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Date: January 29, 2015
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By:
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/s/ Andy Yang
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Name:
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Andy Yang
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Title:
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Chief Financial Officer
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News Release
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Ÿ
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Revenues of NT$105.45 billion, down 1.3% quarter-over-quarter
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Ÿ
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Operating profit of NT$8.82 billion
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Ÿ
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Net profit of NT$6.57 billion
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Ÿ
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Basic EPS of NT$0.62(2)
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Ÿ
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Gross margin was 14.8%
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Ÿ
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Operating margin was 8.4%
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Ÿ
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EBITDA(4) margin was 21.2%
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Ÿ
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Revenues of NT$408.18 billion, down 2.0% year-over-year
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Ÿ
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Operating profit of NT$22.17 billion
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Ÿ
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Net profit of NT$18.06 billion
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Ÿ
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Basic EPS of NT$1.83(2)
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Ÿ
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Gross margin was 11.9%
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Operating margin was 5.4%
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Ÿ
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EBITDA(4) margin was 19.4%
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(1)
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All financial information was unaudited and was prepared by the Company in accordance with Taiwan IFRS.
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(2)
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Basic EPS in the fourth quarter and the fiscal year of 2014 were calculated based on the weighted average outstanding shares of the fiscal year of 2014 (9,624 million shares).
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(3)
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Large size refers to panels that are 10 inches and above in diagonal measurement.
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(4)
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EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.
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Gwen Ting
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Jessie Lee
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Corporate Communications Division
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Corporate Communications Division
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AU Optronics Corp.
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AU Optronics Corp.
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Tel: +886-3-5008800 ext 7259
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Tel: +886-3-5008800 ext 3206
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Fax: +886-3-5772730
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Fax: +886-3-5772730
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Email: gwen.ting@auo.com
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Email : jessie.jc.lee@auo.com
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[GRAPHIC OMITTED] AU Optronics Corp. Fourth Quarter 2014 Results Investor Conference 2014 Jan. 29, 2015 |
[GRAPHIC OMITTED] Safe Harbor Notice [] The statements included in this presentation that are not historical in nature are "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934. These forward-looking statements, which may include statements regarding AU Optronics' future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics' current expectations. [] Actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis; our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT-LCD industry; possible disruptions in commercial activities caused by natural and human-induced disasters, including terrorist activity and armed conflict; and fluctuations in foreign currency exchange rates. [] Beginning on January 1, 2013, we have adopted the International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS") to the extent endorsed by the ROC Financial Supervisory Commission ("FSC") ("Taiwan IFRS") for reporting our annual and interim consolidated financial statements in the ROC in accordance with the requirements of the FSC. All financial information contained herewithin is presented in conformity with Taiwan IFRS. Readers should be cautioned that Taiwan IFRS differs in many material respects from IFRS including to the extent that any new or amended standards or interpretations applicable under IFRS may not be timely endorsed by the FSC. [] Our release of financial forecasts and forward-looking statements at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any obligation to publicly update or revise any forecasts or forward-looking statements, whether as a result of new information, future events or otherwise. [C] 2014 AU Optronics Corporation -- Proprietary and Confidential |
[GRAPHIC OMITTED] Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income Amount : NT$ Million 4Q14 ========= ======= Net Sales 105,449 100.0% Cost of Goods Sold (89,828) (85.2%) Gross Profit 15,621 14.8% Operating Expenses (6,798) (6.4%) Operating Profit 8,823 8.4% Net Non-operating Income (Expenses) (890) (0.8%) Profit before Tax 7,933 7.5% Net Profit 6,575 6.2% Attributable to: Owners of Company 6,004 5.7% Non-controlling Interests 571 0.5% Net Profit 6,575 6.2% Basic EPS (NT$)(a) 0.62 ======================================== ========= ======= Operating Profit + DandA 22,339 21.2% ======================================== ========= ======= Display Segment Information: Net Sales 99,385 100.0% Operating Profit 9,225 9.3% Operating Profit + DandA 21,831 22.0% ======================================== ========= ======= Unit Shipments (mn)(b) Large Size Panels 29.4 Small and Medium Size Panels 42.7 ======================================== ========= ======= 3Q14 QoQ % ========= ======= ========= 106,886 100.0% (1.3%) (91,507) (85.6%) (1.8%) 15,379 14.4% 1.6% (6,602) (6.2%) 3.0% 8,777 8.2% 0.5% (1,209) (1.1%) (26.4%) 7,568 7.1% 4.8% 7,300 6.8% (9.9%) 7,332 6.9% (18.1%) (32) (0.0%) [] 7,300 6.8% (9.9%) 0.76 (18.1%) ==== ======= ========= 22,643 21.2% (1.3%) ==== ======= ========= 101,202 100.0% (1.8%) 9,216 9.1% 0.1% 22,138 21.9% (1.4%) ==== ======= ========= 29.5 (0.3%) 48.2 (11.4%) ==== ======= ========= 4Q13 ========= ======= 102,703 100.0% (95,048) (92.5%) 7,656 7.5% (6,581) (6.4%) 1,075 1.0% 471 0.5% 1,546 1.5% 1,081 1.1% 940 0.9% 141 0.1% 1,081 1.1% 0.10 ==== ======= 16,383 16.0% ==== ======= 97,162 100.0% 1,878 1.9% 16,175 16.6% ==== ======= 30.2 41.2 ==== ======= -- Unaudited, prepared by AUO based on Taiwan IFRS a) AUO issued new ADSs in May 2013. Basic EPS in both 4Q14 and 3Q14 were calculated based on the weighted average outstanding shares of 2014 (9,624m shares); Basic EPS in 4Q13 was calculated based on the weighted average outstanding shares of 2013 (9,349m shares). b) Large size refers to panels that are 10 inches and above [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 3 |
[GRAPHIC OMITTED] Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income Amount : NT$ Million FY 2014 =========== ======= Net Sales 408,179 100.0% Cost of Goods Sold (359,668) (88.1%) Gross Profit 48,511 11.9% Operating Expenses (26,345) (6.5%) Operating Profit 22,165 5.4% Net Non-operating Expenses (2,185) (0.5%) Profit before Tax 19,980 4.9% Net Profit 18,065 4.4% Attributable to: Owners of Company 17,628 4.3% Non-controlling Interests 436 0.1% Net Profit 18,065 4.4% Basic EPS (NT$)(a) 1.83 ============================ =========== ======= Operating Profit + DandA 79,068 19.4% ROE(b) 10.2% ============================ =========== ======= Display Segment Information: Net Sales 384,335 100.0% Operating Profit 24,423 6.4% Operating Profit + DandA 77,574 20.2% ============================ =========== ======= Unit Shipments (mn)(c) Large Size Panels 116.9 Small and Medium Size Panels 170.7 ============================ =========== ======= FY 2013 YoY % =========== ======= ======== 416,363 100.0% (2.0%) (382,379) (91.8%) (5.9%) 33,984 8.2% 42.7% (25,692) (6.2%) 2.5% 8,293 2.0% 167.3% (3,056) (0.7%) (28.5%) 5,236 1.3% 281.6% 4,253 1.0% 324.7% 4,180 1.0% 321.7% 73 0.0% 499.9% 4,253 1.0% 324.7% 0.45 309.6% =========== ======= ======== 71,930 17.3% 9.9% 2.7% 280.8% =========== ======= ======== 398,836 100.0% (3.6%) 12,018 3.0% 103.2% 71,668 18.0% 8.2% =========== ======= ======== 117.0 (0.0%) 152.5 11.9% =========== ======= ======== -- Unaudited, prepared by AUO based on Taiwan IFRS a) AUO issued new ADSs in May 2013. Basic EPS was calculated based on the weighted average outstanding shares of 9,624m shares in 2014 and 9,349m shares in 2013. b) ROE was based on average equity attributable to shareholders of the parent company c) Large size refers to panels that are 10 inches and above [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 4 |
[GRAPHIC OMITTED] Consolidated Balance Sheet Highlights Amount : NT$ Million 4Q14 3Q14 ======== ======== Cash and ST Investment()a) 81,965 75,414 Inventory 36,420 35,287 Short Term Debt()b ) 56,998 45,783 Long Term Debt 85,689 105,954 Equity 200,370 188,766 Total Assets 469,860 460,391 ============================== ======== ======== Inventory Turnover (Days)()c) 36 35 Net Debt to Equity()d ) 30.3% 40.4% ============================== ======== ======== QoQ % 4Q13 ==== ======== 8.7% 76,312 3.2% 37,598 24.5% 66,220 (19.%) 118,488 6.1% 178,346 2.1% 492,243 ==== ======== 38 60.8% ==== ======== -- Unaudited, prepared by AUO based on Taiwan IFRS a) Excluding time deposit with maturity longer than 3 months (NT$ 2,100m in 4Q14 ,NT$2,000m in 3Q14, and NT$2,121m in 4Q13) b) Short term debt refers to all interest bearing debt maturing within one year c) Calculated by dividing the average inventory into the annualized cost of goods sold during such period, then multiplying by 365 days d) Net Debt to Equity = (Short Term Debt + Long Term Debt - Cash and ST Investment) / Equity [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 5 |
[GRAPHIC OMITTED] Consolidated Cash Flow Highlights Amount : NT$ Million 4Q14 ========= From Operating Activities 17,873 Gain before Tax 7,933 Depreciation and Amortization 13,516 Net Change in Working Capital (3,787) From Investing Activities (1,540) Capital Expenditure (3,052) From Financing Activities (10,030) Net Change in Debt (9,888) Net Change in Cash()a) 6,552 3Q14 QoQ ==== ========= 19,655 (1,783) 7,568 365 13,865 (350) (1,697) (2,090) (2,768) 1,228 (3,374) 323 (18,432) 8,402 (17,065) 7,178 (1,122) 7,674 -- Unaudited, prepared by AUO based on Taiwan IFRS a) In addition to cash generated from operating, investing and financing activities, net change in cash also include effect on currency exchange of foreign subsidiaries [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 6 |
[GRAPHIC OMITTED] Display Revenue Breakdown by Application [GRAPHIC OMITTED] -- Unaudited, prepared by AUO based on Taiwan IFRS -- Mobile PC : including Notebook and Tablet displays -- Mobile Device : including displays for mobile phones and other related products -- Commercial and Others: including displays for automobile, industrial PC, ATM, point of sale (POS), pachinko, and etc. [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 7 |
[GRAPHIC OMITTED] Display Revenue Breakdown by Size [GRAPHIC OMITTED] -- Unaudited, prepared by AUO based on Taiwan IFRS [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 8 |
[GRAPHIC OMITTED] Consolidated Shipments and ASP by Area Shipments in square meter [GRAPHIC OMITTED] ASP per square meter [GRAPHIC OMITTED] -- Unaudited, prepared by AUO based on Taiwan IFRS -- ASP per square meter in US$ was translated from NT$ based on average exchange rates announced by Customs Administration, Ministry of Finance of each respective quarter [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 9 |
[GRAPHIC OMITTED] Consolidated Small and Medium Panel Shipments by Area and Revenues Shipments in square meter [GRAPHIC OMITTED] Revenues [GRAPHIC OMITTED] -- Unaudited, prepared by AUO based on Taiwan IFRS -- Small and Medium size refers to panels that are under 10 inches [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 10 |
[GRAPHIC OMITTED] www.auo.com ir@auo.com [C] 2014 AU Optronics Corporation -- Proprietary and Confidential 11 |
Year over Year Comparison | Sequential Comparison | |||||||||||||||||||||||||||||||||||||||
4Q 2014 | % of | 4Q 2013 | YoY | 4Q 2014 | % of | 3Q 2014 | QoQ | |||||||||||||||||||||||||||||||||
USD
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NTD
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Sales
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NTD
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Chg %
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USD
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NTD
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Sales
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NTD
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Chg %
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Net Sales
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3,337 | 105,449 | 100.0 | 102,703 | 2.7 | 3,337 | 105,449 | 100.0 | 106,886 | (1.3 | ) | |||||||||||||||||||||||||||||
Cost of Goods Sold
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2,843 | 89,828 | 85.2 | 95,048 | (5.5 | ) | 2,843 | 89,828 | 85.2 | 91,507 | (1.8 | ) | ||||||||||||||||||||||||||||
Gross Profit
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494 | 15,621 | 14.8 | 7,656 | 104.0 | 494 | 15,621 | 14.8 | 15,379 | 1.6 | ||||||||||||||||||||||||||||||
Operating Expenses
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215 | 6,798 | 6.4 | 6,581 | 3.3 | 215 | 6,798 | 6.4 | 6,602 | 3.0 | ||||||||||||||||||||||||||||||
Operating Profit
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279 | 8,823 | 8.4 | 1,075 | 720.7 | 279 | 8,823 | 8.4 | 8,777 | 0.5 | ||||||||||||||||||||||||||||||
Net Non-Operating Income (Expense)
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(28 | ) | (890 | ) | (0.8 | ) | 471 |
-
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(28 | ) | (890 | ) | (0.8 | ) | (1,209 | ) | (26.4 | ) | ||||||||||||||||||||||
Profit before Income Tax
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251 | 7,933 | 7.5 | 1,546 | 413.2 | 251 | 7,933 | 7.5 | 7,568 | 4.8 | ||||||||||||||||||||||||||||||
Income Tax Expense
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(43 | ) | (1,358 | ) | (1.3 | ) | (464 | ) | 192.4 | (43 | ) | (1,358 | ) | (1.3 | ) | (268 | ) | 406.7 | ||||||||||||||||||||||
Net Profit
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208 | 6,575 | 6.2 | 1,081 | 508.0 | 208 | 6,575 | 6.2 | 7,300 | (9.9 | ) | |||||||||||||||||||||||||||||
Other Comprehensive Income
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59 | 1,854 | 1.8 | 781 | 137.4 | 59 | 1,854 | 1.8 | 1,001 | 85.3 | ||||||||||||||||||||||||||||||
Total Comprehensive Income
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267 | 8,429 | 8.0 | 1,862 | 352.6 | 267 | 8,429 | 8.0 | 8,301 | 1.5 | ||||||||||||||||||||||||||||||
Net Profit Attributable to:
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Owners of Company
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190 | 6,004 | 5.7 | 940 | 538.4 | 190 | 6,004 | 5.7 | 7,332 | (18.1 | ) | |||||||||||||||||||||||||||||
Non-controlling Interests
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18 | 571 | 0.5 | 141 | 305.1 | 18 | 571 | 0.5 | (32 | ) |
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Net Profit
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208 | 6,575 | 6.2 | 1,081 | 508.0 | 208 | 6,575 | 6.2 | 7,300 | (9.9 | ) | |||||||||||||||||||||||||||||
Total Comprehensive Income Attributable to:
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Owners of Company
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236 | 7,462 | 7.1 | 1,582 | 371.8 | 236 | 7,462 | 7.1 | 8,114 | (8.0 | ) | |||||||||||||||||||||||||||||
Non-controlling Interests
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31 | 967 | 0.9 | 281 | 244.7 | 31 | 967 | 0.9 | 187 | 416.2 | ||||||||||||||||||||||||||||||
Total Comprehensive Income
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267 | 8,429 | 8.0 | 1,862 | 352.6 | 267 | 8,429 | 8.0 | 8,301 | 1.5 | ||||||||||||||||||||||||||||||
Basic Earnings Per Share
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0.02 | 0.62 | 0.10 | 0.02 | 0.62 | 0.76 | ||||||||||||||||||||||||||||||||||
Basic Earnings Per ADS(3)
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0.20 | 6.24 | 1.01 | 0.20 | 6.24 | 7.62 | ||||||||||||||||||||||||||||||||||
Weighted-Average Shares Outstanding ('M)
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9,624 | 9,349 | 9,624 | 9,624 |
Note:
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(1) Unaudited, prepared by AUO based on Taiwan IFRS
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Year over Year Comparison | ||||||||||||||||||||
2014
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% of
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2013
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YoY
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USD
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NTD
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Sales
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NTD
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Chg %
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Net Sales
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12,917 | 408,179 | 100.0 | 416,363 | (2.0 | ) | ||||||||||||||
Cost of Goods Sold
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11,382 | 359,668 | 88.1 | 382,379 | (5.9 | ) | ||||||||||||||
Gross Profit
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1,535 | 48,511 | 11.9 | 33,984 | 42.7 | |||||||||||||||
Operating Expenses
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834 | 26,345 | 6.5 | 25,692 | 2.5 | |||||||||||||||
Operating Profit
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701 | 22,165 | 5.4 | 8,293 | 167.3 | |||||||||||||||
Net Non-Operating Expenses
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(69 | ) | (2,185 | ) | (0.5 | ) | (3,056 | ) | (28.5 | ) | ||||||||||
Profit before Income Tax
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632 | 19,980 | 4.9 | 5,236 | 281.6 | |||||||||||||||
Income Tax Expense
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(61 | ) | (1,916 | ) | (0.5 | ) | (983 | ) | 94.9 | |||||||||||
Net Profit
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572 | 18,065 | 4.4 | 4,253 | 324.7 | |||||||||||||||
Other Comprehensive Income
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59 | 1,878 | 0.5 | 2,610 | (28.1 | ) | ||||||||||||||
Total Comprehensive Income
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631 | 19,942 | 4.9 | 6,863 | 190.6 | |||||||||||||||
Net Profit Attributable to:
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Owners of Company
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558 | 17,628 | 4.3 | 4,180 | 321.7 | |||||||||||||||
Non-controlling Interests
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14 | 436 | 0.1 | 73 | 499.9 | |||||||||||||||
Net Profit
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572 | 18,065 | 4.4 | 4,253 | 324.7 | |||||||||||||||
Total Comprehensive Income Attributable to:
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Owners of Company
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604 | 19,087 | 4.7 | 6,355 | 200.3 | |||||||||||||||
Non-controlling Interests
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27 | 855 | 0.2 | 508 | 68.3 | |||||||||||||||
Total Comprehensive Income
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631 | 19,942 | 4.9 | 6,863 | 190.6 | |||||||||||||||
Basic Earnings Per Share
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0.06 | 1.83 | 0.45 | |||||||||||||||||
Basic Earnings Per ADS(3)
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0.58 | 18.32 | 4.47 | |||||||||||||||||
Weighted-Average Shares Outstanding ('M)
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9,624 | 9,349 |
Note:
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(1) Unaudited, prepared by AUO based on Taiwan IFRS
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December 31, 2014 |
December 31, 2013
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YoY
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ASSETS
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USD
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NTD
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%
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NTD
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%
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Change
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%
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Cash and Cash Equivalents
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2,594 | 81,965 | 17.4 | 76,312 | 15.5 | 5,653 | 7.4 | |||||||||||||||||||||
Notes & Accounts Receivables
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1,887 | 59,621 | 12.7 | 43,727 | 8.9 | 15,894 | 36.3 | |||||||||||||||||||||
Other Current Financial Assets
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100 | 3,157 | 0.7 | 6,849 | 1.4 | (3,691 | ) | (53.9 | ) | |||||||||||||||||||
Inventories
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1,153 | 36,420 | 7.8 | 37,598 | 7.6 | (1,178 | ) | (3.1 | ) | |||||||||||||||||||
Other Current Assets
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141 | 4,450 | 0.9 | 5,118 | 1.0 | (667 | ) | (13.0 | ) | |||||||||||||||||||
Total Current Assets
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5,874 | 185,615 | 39.5 | 169,604 | 34.5 | 16,010 | 9.4 | |||||||||||||||||||||
Long-term Investments
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471 | 14,874 | 3.2 | 14,055 | 2.9 | 819 | 5.8 | |||||||||||||||||||||
Net Fixed Assets
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7,336 | 231,815 | 49.3 | 270,269 | 54.9 | (38,454 | ) | (14.2 | ) | |||||||||||||||||||
Other Assets
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1,189 | 37,557 | 8.0 | 38,315 | 7.8 | (759 | ) | (2.0 | ) | |||||||||||||||||||
Total Assets
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14,869 | 469,860 | 100.0 | 492,243 | 100.0 | (22,383 | ) | (4.5 | ) | |||||||||||||||||||
LIABILITIES
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Short-term Borrowings
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12 | 381 | 0.1 | 3,457 | 0.7 | (3,076 | ) | (89.0 | ) | |||||||||||||||||||
Accounts Payable
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2,370 | 74,881 | 15.9 | 78,434 | 15.9 | (3,553 | ) | (4.5 | ) | |||||||||||||||||||
Current Installments of Long-term Borrowings
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1,314 | 41,507 | 8.8 | 62,763 | 12.8 | (21,256 | ) | (33.9 | ) | |||||||||||||||||||
Current Installments of Bonds Payable
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478 | 15,110 | 3.2 | 0 | 0.0 | 15,110 |
-
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Current Financial Liabilities
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7 | 233 | 0.0 | 421 | 0.1 | (188 | ) | (44.7 | ) | |||||||||||||||||||
Accrued Expense & Other Current Liabilities
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1,134 | 35,832 | 7.6 | 28,420 | 5.8 | 7,412 | 26.1 | |||||||||||||||||||||
Machinery and Equipment Payable
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142 | 4,497 | 1.0 | 7,468 | 1.5 | (2,971 | ) | (39.8 | ) | |||||||||||||||||||
Total Current Liabilities
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5,457 | 172,440 | 36.7 | 180,962 | 36.8 | (8,522 | ) | (4.7 | ) | |||||||||||||||||||
Long-term Borrowings
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2,712 | 85,689 | 18.2 | 98,974 | 20.1 | (13,285 | ) | (13.4 | ) | |||||||||||||||||||
Bonds Payable
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0 | 0 | 0.0 | 19,514 | 4.0 | (19,514 | ) | (100.0 | ) | |||||||||||||||||||
Non Current Financial Liabilities
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0 | 7 | 0.0 | 17 | 0.0 | (10 | ) | (58.4 | ) | |||||||||||||||||||
Other Long-term Liabilities
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359 | 11,353 | 2.4 | 14,430 | 2.9 | (3,077 | ) | (21.3 | ) | |||||||||||||||||||
Total Long-term Liabilities
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3,071 | 97,049 | 20.7 | 132,935 | 27.0 | (35,885 | ) | (27.0 | ) | |||||||||||||||||||
Total Liabilities
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8,528 | 269,490 | 57.4 | 313,897 | 63.8 | (44,407 | ) | (14.1 | ) | |||||||||||||||||||
EQUITY
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Common Stock
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3,046 | 96,242 | 20.5 | 96,242 | 19.6 | 0 | 0.0 | |||||||||||||||||||||
Capital Surplus
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1,875 | 59,258 | 12.6 | 60,503 | 12.3 | (1,245 | ) | (2.1 | ) | |||||||||||||||||||
Retained Earnings
|
650 | 20,529 | 4.4 | 4,017 | 0.8 | 16,511 | 411.0 | |||||||||||||||||||||
Other Equity
|
157 | 4,946 | 1.1 | 3,546 | 0.7 | 1,399 | 39.5 | |||||||||||||||||||||
Non-Controlling Interests
|
614 | 19,395 | 4.1 | 14,037 | 2.9 | 5,358 | 38.2 | |||||||||||||||||||||
Total Equity
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6,341 | 200,370 | 42.6 | 178,346 | 36.2 | 22,024 | 12.3 | |||||||||||||||||||||
Total Liabilities & Equity
|
14,869 | 469,860 | 100.0 | 492,243 | 100.0 | (22,383 | ) | (4.5 | ) |
Note:
|
(1) Unaudited, prepared by AUO based on Taiwan IFRS
|
2014 |
2013
|
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USD
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NTD
|
NTD
|
||||||||||
Cash Flow from Operating Activities:
|
||||||||||||
Profit before Income Taxes
|
632 | 19,980 | 5,236 | |||||||||
Depreciation & Amortization
|
1,801 | 56,903 | 63,638 | |||||||||
Investment Loss under Equity Method
|
(16 | ) | (500 | ) | (454 | ) | ||||||
Changes in Working Capital
|
(410 | ) | (12,966 | ) | (18,516 | ) | ||||||
Changes in Others
|
(1 | ) | (24 | ) | (261 | ) | ||||||
Net Cash Provided by Operating Activities
|
2,006 | 63,393 | 49,642 | |||||||||
Cash Flow from Investing Activities:
|
||||||||||||
Proceeds from Disposal of AFS Investments
|
14 | 452 | 625 | |||||||||
Acquisition of Property, Plant and Equipment
|
(537 | ) | (16,971 | ) | (25,458 | ) | ||||||
Proceeds from Disposal of Property, Plant and Equipment
|
63 | 2,003 | 587 | |||||||||
Acquisition of Equity-Accounted Investees and Financial Assets Carried at Cost
|
(80 | ) | (2,531 | ) | (210 | ) | ||||||
Proceeds from Disposal of Equity-Accounted Investees and Financial Assets Carried at Cost
|
36 | 1,148 | 2,793 | |||||||||
Decrease(Increase) in Other Financial Assets
|
(3 | ) | (84 | ) | 193 | |||||||
Increase in Intangible Assets
|
(9 | ) | (291 | ) | (1,654 | ) | ||||||
Decrease(Increase) in Other Assets
|
14 | 437 | (100 | ) | ||||||||
Cash Increase Resulting from Change in Consolidated Entity
|
86 | 2,731 | 0 | |||||||||
Net Cash Used in Investing Activities
|
(415 | ) | (13,107 | ) | (23,224 | ) | ||||||
Cash Flow from Financing Activities:
|
||||||||||||
Decrease in Short-term Borrowings
|
(97 | ) | (3,076 | ) | (5,163 | ) | ||||||
Decrease in Guarantee Deposits
|
(3 | ) | (87 | ) | (146 | ) | ||||||
Decrease in Long-term Borrowings and Bonds Payable
|
(1,279 | ) | (40,404 | ) | (31,896 | ) | ||||||
Issuance of Common Stock for Cash
|
0 | 0 | 10,281 | |||||||||
Cash Dividends
|
(46 | ) | (1,444 | ) | 0 | |||||||
Changes in Non-Controlling Interests and Others
|
(1 | ) | (31 | ) | 139 | |||||||
Net Cash Used by Financing Activities
|
(1,425 | ) | (45,041 | ) | (26,785 | ) | ||||||
Effect of Exchange Rate Changes on Cash
|
13 | 409 | 23 | |||||||||
Net Increase(Decrease) in Cash and Cash Equivalents
|
179 | 5,653 | (343 | ) | ||||||||
Cash and Cash Equivalents at Beginning of Period
|
2,415 | 76,312 | 76,656 | |||||||||
Cash and Cash Equivalents at End of Period
|
2,594 | 81,965 | 76,312 |
Note:
|
(1) Unaudited, prepared by AUO based on Taiwan IFRS
|