ChipMOS REPORTS SECOND QUARTER 2008 RESULTS
HSINCHU, Taiwan, Aug. 20 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) today reported unaudited consolidated financial results for the second quarter ended June 30, 2008. All U.S. dollar figures in this release are based on the exchange rate of NT$30.36 against US$1.00 as of June 30, 2008.
Net revenue on a US GAAP basis for the second quarter of 2008 was NT$4,817.1 million or US$158.7 million, an increase of 0.8% from NT$4,779.0 million or US$157.4 million in the first quarter of 2008 and a decrease of 17.4% from NT$5,833.5 million or US$192.1 million for the same period in 2007. Under US GAAP, the gross margin for the second quarter of 2008 was 7.2%, compared to 9.1% for the first quarter of 2008 and 27.6% for the same period in 2007.
Net loss on a US GAAP basis for the second quarter of 2008 was NT$674.5 million or US$22.2 million, and NT$8.04 or US$0.26 per basic common share, compared to net income of NT$209.0 million or US$6.9 million, and NT$2.49 or US$0.08 per basic common share, for the first quarter of 2008. Net income under US GAAP includes non-cash gains for changes in the fair value of the embedded derivative liabilities of NT$31.3 million or US$1.0 million and amortization of discount on convertible notes of NT$85.5 million or US$2.8 million for the second quarter of 2008 and non-cash gains for changes in the fair value of the embedded derivative liabilities of NT$129.6 million or US$4.3 million and amortization of discount on convertible notes of NT$86.7 million or US$2.9 million for the first quarter of 2008. Excluding the above special items regarding non-cash gains for changes in the fair value of the embedded derivative liabilities and the convertible notes, non-GAAP adjusted net loss for the second quarter of 2008 was NT$620.3 million or US$20.4 million, and NT$7.40 or US$0.24 per basic common share, compared to non-GAAP adjusted net income of NT$166.1 million or US$5.5 million, and NT$1.98 or US$0.07 per basic common share in the first quarter of 2008.
The unaudited consolidated financial results of ChipMOS for the second quarter ended June 30, 2008 included the financial results of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS TECHNOLOGIES (H.K.) Limited, MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.
S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "We are pleased to report that our revenue in the second quarter was within our stated guidance. Gross margin in the second quarter of 2008 declined as compared to the first quarter of 2008 primarily due to lower capacity utilization in memory final testing and price erosion of DRAM business. Flash revenues declined 7% quarter over quarter and contributed to around 29% of our total revenue in Q2, down from 32% in the previous quarter. In a more positive light, among our flash sector, Mask ROM revenues were up 10% quarter over quarter and contributed to 7% of flash revenue. Mixed-signal revenues were also up 11% quarter over quarter and contributed to 8% of our total revenue. Revenues from our LCD driver IC increased 3% in the second quarter of 2008 compared to the first quarter of 2008, reflecting a brief recovery in demand from our customers. DRAM revenues remained relatively flat, up 1% in the second quarter of 2008 compared to the previous quarter."
S.K. Chen, Chief Financial Officer of ChipMOS, said, "Our CapEx in the second quarter was US$15.2 million, which was down from US$26.2 million in the first quarter of 2008. In July, we received the final approval from Shanghai government to cut down our capital investment obligation before end of this year to US$130 million. We have completed our obligation by investing the remaining US$7.5 million of investment commitment in early August. Combining our cash position and undrawn credit lines provided by banks, we have more than sufficient financial resources to face the debt due in 2008. There is no urgent need for company to raise additional fund in any form from the market."
Selected Operation Data
2Q08 1Q08
Revenue by segment
Testing 49% 51%
Assembly 33% 32%
LCD Driver 18% 17%
Utilization by segment
Testing 70% 72%
Assembly 73% 68%
LCD Driver 63% 61%
Overall 69% 69%
CapEx US$ 15.2 million US$ 26.2 million(1)
Testing 34% 61%
Assembly 34% 33%
LCD Driver 32% 6%
Depreciation and amortization
expenses (US GAAP) US$ 60.2 million US$ 59.4 million
Note:
(1) The adjustment of 1Q08 CapEx resulted from the correction of
intercompany transfer of fixed assets in 1Q08.
Third Quarter 2008 Outlook
Mr. Cheng continued, "The overall DRAM market visibility in following quarters remains limited. We do not anticipate the recovery of our DRAM business due to weaker than expected PC demand. We remain cautious on the LCD market due to weak seasonal demand. However, we still notice better demands from our customers in Q4 as compared to Q3. In addition, gold bumping business will maintain its growth momentum in the second half due to new customer programs. Mask ROM and mixed-signal revenues should continue to grow with the increase in demands from customers. Considering the overall market situation among our product segments, we currently expect that Q3 revenue to be in the range of approximately US$149 million to US$159 million, which is down 6% to flat as compared to Q2, and gross margin to be in the range of 2.5% to 5.5%. In the current down cycle, we are strongly confident in our ability to maintain healthy operations and we plan to continue our disciplined capital expenditures and to strictly focus on cost savings and customer expansion."
Investor Conference Call / Webcast Details
ChipMOS will review detailed second quarter 2008 results on Wednesday, August 20, 2008 at 7:00PM ET (7:00AM, August 21, Taiwan time). The conference call-in number is 1-201-689-8562. A live webcast of the conference call will be available at ChipMOS’ website at http://www.chipmos.com/. The playback will be available in 2 hours after the conclusion of the conference call and will be accessible by dialing 1-201-612-7415. The account number to access the replay is 3055 and the confirmation ID number is 291371.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company’s other filings with the SEC.
Use of Non-GAAP Information
Readers are reminded that non-GAAP numbers contained in this announcement are merely a supplement to, and not a replacement for, the GAAP financial measures. These non-GAAP numbers should be read in conjunction with the US GAAP financial measures. It should be noted as well that the non-GAAP information provided in this announcement may be different from the non-GAAP information provided by other companies.
-- FINANCIAL TABLES FOLLOW BELOW --
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED INCOME STATEMENT
For the Three Months Ended Jun. 30, Mar. 31, 2008, and Jun. 30, 2007
Figures in Million of U.S. dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding
ROC GAAP US GAAP
3 months ended 3 months ended
Jun. 30, Mar. 31, Jun. 30, Jun. 30, Mar. 31, Jun. 30,
2008 2008 2007 2008 2008 2007
(Un- (Un- (Un- (Un- (Un- (Un-
audited) audited) audited) audited) audited) audited)
USD USD USD USD USD USD
Net Revenue 158.7 157.4 192.1 158.7 157.4 192.1
Cost of Revenue 146.8 142.6 138.9 147.2 143.0 139.1
Gross Profit 11.9 14.8 53.2 11.5 14.4 53.0
Operating Expenses
Research and
Development 3.6 3.4 2.8 3.6 3.4 2.8
Sales and Marketing 0.6 0.4 0.9 0.6 0.4 0.9
General and
Administrative 8.3 7.4 9.3 10.3 7.6 14.1
Total Operating
Expenses 12.5 11.2 13.0 14.5 11.4 17.8
Income (Loss) from
Operations (0.6) 3.6 40.2 (3.0) 3.0 35.2
Non-Operating Income
(Expenses), Net (1.2) (9.5) (0.3) (6.8) 3.7 (9.3)
Income (Loss) before
Income Tax, Minority
Interests and Interest
in Bonuses Paid by
Subsidiaries (1.8) (5.9) 39.9 (9.8) 6.7 25.9
Income Tax Benefit
(Expense) (12.0) (0.1) (16.5) (11.7) 0.0 (16.4)
Income (Loss) before
Minority Interests and
Interest in Bonuses
Paid by Subsidiaries (13.8) (6.0) 23.4 (21.5) 6.7 9.5
Minority Interests (0.7) 0.1 (5.1) (0.7) 0.2 (5.0)
Interest in Bonuses
Paid by Subsidiaries (11.9) -- (9.3) -- -- --
Net Income (Loss) (26.4) (5.9) 9.0 (22.2) 6.9 4.5
Earnings (Loss) Per
Share--Basic (0.31) (0.07) 0.11 (0.26) 0.08 0.05
Shares Outstanding
(in thousands)
-- Basic 83,860 83,845 82,865 83,860 83,845 82,865
Net Income (Loss)
-- Diluted (26.4) (10.1) 7.9 (22.2) (4.5) 4.5
Earnings (Loss) Per
Share-Diluted (0.31) (0.11) 0.07 (0.26) (0.04) 0.05
Shares Outstanding
(in thousands)
-- Diluted 83,860 94,036 111,211 83,860 109,287 85,306
Note (1): All U.S. dollar figures in this release are based on the
exchange rate of NT$30.36 against US$1.00 as of Jun. 30, 2008.
The convenience translation should not be construed as
representations that NT Dollar amounts have been, or could be
in the future be, converted into US dollars at this or any
other exchange rate.
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED INCOME STATEMENT
For the Three Months Ended Jun. 30, Mar. 31, 2008, and Jun. 30, 2007
Figures in Million of NT dollars (NTD)
Except for Per Share Amounts and Shares Outstanding
ROC GAAP US GAAP
3 months ended 3 months ended
Jun. 30, Mar. 31, Jun. 30, Jun. 30, Mar. 31, Jun. 30,
2008 2008 2007 2008 2008 2007
(Un- (Un- (Un- (Un- (Un- (Un-
audited) audited) audited) audited) audited) audited)
NTD NTD NTD NTD NTD NTD
Net Revenue 4,817.1 4,779.0 5,833.5 4,817.1 4,779.0 5,833.5
Cost of Revenue 4,455.4 4,328.2 4,216.8 4,468.4 4,342.5 4,222.6
Gross Profit 361.7 450.8 1,616.7 348.7 436.5 1,610.9
Operating Expenses
Research and
Development 108.2 104.8 85.6 108.2 104.8 85.6
Sales and
Marketing 17.1 11.6 27.5 17.1 11.6 27.5
General and
Administrative 253.4 224.3 281.8 313.4 230.8 428.7
Total Operating
Expenses 378.7 340.7 394.9 438.7 347.2 541.8
Income (Loss) from
Operations (17.0) 110.1 1,221.8 (90.0) 89.3 1,069.1
Non-Operating
Income
(Expenses), Net (37.8) (288.3) (8.1) (207.0) 113.4 (281.5)
Income (Loss)
before Income Tax,
Minority Interests
and Interest in
Bonuses Paid by
Subsidiaries (54.8) (178.2) 1,213.7 (297.0) 202.7 787.6
Income Tax Benefit
(Expense) (363.1) (3.4) (501.5) (356.5) 0.4 (498.9)
Income (Loss)
before Minority
Interests and
Interest in
Bonuses Paid by
Subsidiaries (417.9) (181.6) 712.2 (653.5) 203.1 288.7
Minority Interests (20.5) 3.6 (155.4) (21.0) 5.9 (153.3)
Interest in
Bonuses Paid by
Subsidiaries (362.4) -- (283.2) -- -- --
Net Income (Loss) (800.8) (178.0) 273.6 (674.5) 209.0 135.4
Earnings (Loss)
Per Share-Basic (9.55) (2.12) 3.30 (8.04) 2.49 1.63
Shares Outstanding
(in thousands)
-- Basic 83,860 83,845 82,865 83,860 83,845 82,865
Net Income
(Loss)--Diluted (800.8) (307.9) 239.2 (674.5) (135.2) 135.4
Earnings (Loss)
Per Share
-- Diluted (9.55) (3.27) 2.15 (8.04) (1.24) 1.59
Shares Outstanding
(in thousands)
-- Diluted 83,860 94,036 111,211 83,860 109,287 85,306
ChipMOS TECHNOLOGIES (Bermuda) LTD.
RECONCILIATION OF US GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (LOSS)
(UNAUDITED)
For the Three Months Ended Jun. 30, Mar. 31, 2008, and Jun. 30, 2007
Figures in Million of U.S. dollars (USD) (1)
Except for Per Share Amounts
Use of Non-GAAP Financial Information
To supplement our consolidated income statement (unaudited) for the three months ended Jun. 30, 2008 on a US GAAP basis, the Company uses a non-GAAP measure of net income (loss), which is US GAAP net income (loss) adjusted to exclude two non-cash items referred to as special items. The two non-cash items excluded are changes in the fair value of the embedded derivative liabilities and amortization of discount on convertible notes. These items are considered by the management to be outside of the Company’s core operating results. For example, changes in the fair value of the embedded derivative liabilities relate heavily to the Company’s stock price, interest rate and volatility, all of which are difficult to predict and outside of the control of the Company and its management.
For these reasons, management uses non-GAAP adjusted measures of net income (loss) and non-GAAP net income (loss) per share to evaluate the performance of our core businesses and to estimate future core performance. In addition, this information facilitates our management’s internal comparisons to our historical operating results as well as to the operating results of our competitors.
The Company’s management finds these supplemental non-GAAP measures to be useful, and we believe these non-GAAP measures are useful to investors in enabling them to perform additional analyses of past, present and future operating performance and as a supplemental means to evaluate our core operating results. However, readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, US GAAP financial measures. They should be read in conjunction with the US GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.
3 months ended
Jun. 30, Mar. 31, Jun. 30,
2008 2008 2007
US GAAP Net Income (Loss)-Basic (22.2) 6.9 4.5
Special Items (in Non-Operating Income
(Expenses), Net)
Changes in the fair value of the
embedded derivative liabilities(2) (1.0) (4.3) 4.8
Amortization of discount on
convertible notes(3) 2.8 2.9 3.0
Total Special Items 1.8 (1.4) 7.8
Non-GAAP Adjusted Net Income (Loss)
-- Basic (20.4) 5.5 12.3
US-GAAP Net Income (Loss) Per Share
-- Basic (0.26) 0.08 0.05
Adjustment for special items 0.02 (0.01) 0.10
Non-GAAP Net Income (Loss) Per Share
-- Basic (0.24) 0.07 0.15
US-GAAP Net Income (Loss) Per Share
-- Diluted (0.26) (0.04) 0.05
Adjustment for special items 0.02 -- 0.10
Non-GAAP Net Income (Loss) Per Share
-- Diluted(4) (0.24) (0.04) 0.15
Notes:
(1) All U.S. dollar figures in this release are based on the exchange
rate of NT$30.36 against US$1.00 as of Jun. 30, 2008. The convenience
translation should not be construed as representations that the NT
Dollar amounts have been, or could be in the future be, converted
into US dollars at this or any other exchange rate.
(2) The Company’s management believes excluding non-cash special item
for the changes in the fair value of the embedded derivative
liabilities from its non-GAAP financial measure of net income (loss)
is useful for itself and investors as such gain (expense) does not
have any impact on cash available to the Company.
(3) The Company’s management believes excluding non-cash amortization
expense of discount on convertible notes from its non-GAAP financial
measure of net income (loss) is useful for itself and investors as
such expense does not have any impact on cash available to the
Company.
(4) Non-GAAP diluted net loss per share for the first quarter of 2008 was
US$0.04, same as that under US GAAP since US GAAP adjusted diluted
net loss has excluded the two non-cash special items for non-GAAP
reconciliation.
ChipMOS TECHNOLOGIES (Bermuda) LTD.
NON-GAAP CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)
(Excluding non-cash items for changes in the fair value of the embedded
derivative liabilities and amortization of discount on convertible notes)
For the Three Months Ended Jun. 30, Mar. 31, 2008, and Jun. 30, 2007
Figures in Million of U.S. dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding
3 months ended
Jun. 30, Mar. 31, Jun. 30,
2008 2008 2007
Net Revenue 158.7 157.4 192.1
Cost of Revenue 147.2 143.0 139.1
Gross Profit 11.5 14.4 53.0
Operating Expenses
Research and Development 3.6 3.4 2.8
Sales and Marketing 0.6 0.4 0.9
General and Administrative 10.3 7.6 14.1
Total Operating Expenses 14.5 11.4 17.8
Income (Loss) from Operations (3.0) 3.0 35.2
Non-Operating Income (Expenses),
Net(2) (5.0) 2.3 (1.5)
Income (Loss) before Income Tax and
Minority Interests(2) (8.0) 5.3 33.7
Income Tax Benefit (Expense) (11.7) 0.0 (16.4)
Income (Loss) before Minority
Interests(2) (19.7) 5.3 17.3
Minority Interests (0.7) 0.2 (5.0)
Net Income (Loss)(2) (20.4) 5.5 12.3
Earnings (Loss) Per Share-Basic(2) (0.24) 0.07 0.15
Shares Outstanding (in thousands)
-- Basic 83,860 83,845 82,865
Earnings (Loss) Per Share-Diluted(2) (0.24) (0.04) 0.15
Shares Outstanding (in thousands)
-- Diluted 83,860 109,287 85,306
Note:
(1) All U.S. dollar figures in this release are based on the exchange rate
of NT$30.36 against US$1.00 as of Jun. 30, 2008. The convenience
translation should not be construed as representations that the NT
Dollar amounts have been, or could be in the future be, converted
into US dollars at this or any other exchange rate.
(2) The amount presented is not prepared in accordance with US GAAP and
does not include non-cash gains for changes in the fair value of the
embedded derivative liabilities of NT$31.3 million, or US$1.0
million, and amortization of discount on convertible notes of NT$85.5
million, or US$2.8 million, for the three months ended Jun. 30, 2008
and non-cash gains for changes in the fair value of the embedded
derivative liabilities of NT$129.6 million or US$4.3 million and
amortization of discount on convertible notes of NT$86.7 million or
US$2.9 million for the three months ended Mar. 31, 2008, and non-cash
charges for changes in the fair value of the embedded derivative
liabilities of NT$145.4 million or US$4.8 million and amortization of
discount on convertible notes of NT$91.1 million or US$3.0 million
for the three months ended Jun. 30, 2007. Please see "Reconciliation
of US GAAP Net Income (Loss) to Non-GAAP Net Income (Loss)
(Unaudited)" above.
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED BALANCE SHEET
As of Jun. 30, Mar. 31, 2008 and Dec. 31, 2007
Figures in Million of U.S. dollars (USD) (1)
ROC GAAP US GAAP
Jun. Mar. Dec. Jun. Mar,
30, 31, 31, 30, 31, Dec. 31,
2008 2008 2007 2008 2008 2007
(Unaudi- (Unaudi- (Audit- (Unaudi- (Unaudi- (Audit-
ted) ted) ed) ted) ted) ed)
ASSETS USD USD USD USD USD USD
Cash and Cash
Equivalents 166.9 118.3 169.1 166.9 118.3 169.1
Financial Assets at
Fair Value Through
Profit or Loss 21.1 43.2 18.3 21.1 43.2 18.3
Accounts and Notes
Receivable 161.2 134.8 175.3 161.2 134.8 175.3
Inventories 29.3 32.5 34.4 29.3 32.6 34.4
Other Current Assets 21.9 51.6 18.1 21.8 51.5 18.0
Total Current Assets 400.4 380.4 415.2 400.3 380.4 415.1
Long-term Investments 11.8 11.8 11.8 11.8 11.8 11.8
Property, Plant &
Equipment-Net 913.4 956.8 988.8 907.0 950.9 983.6
Intangible Assets 5.7 5.8 5.9 5.7 5.8 5.9
Other Assets 55.5 58.7 70.9 58.4 62.2 74.6
Total Assets 1,386.8 1,413.5 1,492.6 1,383.2 1,411.1 1,491.0
LIABILITIES
Current Liabilities
Short-Term Loans 70.2 11.0 41.1 70.2 11.0 41.1
Current Portion of
Long-Term Debts 193.6 225.6 223.9 188.6 214.1 224.9
Accounts Payable and
Payables to
Contractors and
Equipment Suppliers 27.8 33.7 47.1 27.8 33.7 47.1
Other Current
Liabilities 57.1 49.2 62.5 57.1 63.5 76.8
Total Current
Liabilities 348.7 319.5 374.6 343.7 322.3 389.9
Long-Term Liabilities
Long-Term Debts 338.0 358.4 373.0 332.7 352.7 368.2
Other Liabilities 13.3 17.4 12.2 20.3 24.8 19.7
Total Liabilities 700.0 695.3 759.8 696.7 699.8 777.8
SHAREHOLDERS’ EQUITY
Capital Stock 0.9 0.9 0.9 0.9 0.9 0.9
Deferred Compensation (1.3) (1.8) (2.2) (2.2) (3.0) (4.1)
Capital Surplus 412.2 410.7 410.9 400.8 399.4 400.1
Retained Earnings 173.5 200.5 207.2 192.4 215.2 209.2
Cumulated Translation
Adjustments 8.7 6.6 9.1 8.7 6.6 9.2
Unrecognized Pension
Cost -- -- -- (6.8) (6.8) (6.8)
Minority Interests 92.8 101.3 106.9 92.7 99.0 104.7
Total Equity 686.8 718.2 732.8 686.5 711.3 713.2
Total Liabilities
& Shareholders’
Equity 1,386.8 1,413.5 1,492.6 1,383.2 1,411.1 1,491.0
Note (1): All U.S. dollar figures in this release are based on the
exchange rate of NT$30.36 against US$1.00 as of Jun. 30, 2008.
The convenience translation should not be construed as
representations that the NT Dollar amounts have been, or could
be in the future be, converted into US dollars at this or any
other exchange rate.
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED BALANCE SHEET
As of Jun. 30, Mar. 31, 2008 and Dec. 31, 2007
Figures in Million of NT dollars (NTD)
ROC GAAP US GAAP
Jun. 30, Mar. 31, Dec.31, Jun.30, Mar. 31, Dec.31,
2008 2008 2007 2008 2008 2007
(Unaudi- (Unaudi- (Audit- (Unaudi- (Unaudi- (Audit-
ted) ted) ed) ted) ted) ed)
ASSETS NTD NTD NTD NTD NTD NTD
Cash and Cash
Equivalents 5,066.8 3,592.8 5,133.6 5,066.8 3,592.8 5,133.6
Financial Assets
at Fair Value
Through Profit
or Loss 640.9 1,312.4 555.6 640.9 1,312.4 555.6
Accounts and
Notes
Receivable 4,895.1 4,091.8 5,322.7 4,895.1 4,091.8 5,322.7
Inventories 887.8 988.4 1,043.6 888.4 989.1 1,044.3
Other Current
Assets 665.0 1,565.4 549.7 661.2 1,563.5 547.2
Total Current
Assets 12,155.6 11,550.8 12,605.2 12,152.4 11,549.6 12,603.4
Long-term
Investments 358.0 358.0 358.0 358.0 358.0 358.0
Property, Plant
& Equipment--Net27,731.4 29,047.8 30,020.4 27,537.3 28,870.7 29,861.6
Intangible Assets 173.3 175.2 180.4 173.3 175.2 180.4
Other Assets 1,683.7 1,782.3 2,152.1 1,772.0 1,888.8 2,262.6
Total Assets 42,102.0 42,914.1 45,316.1 41,993.0 42,842.3 45,266.0
LIABILITIES
Current
Liabilities
Short-Term Loans 2,129.9 332.5 1,249.2 2,129.9 332.5 1,249.2
Current Portion
of Long-Term
Debts 5,878.1 6,849.4 6,797.1 5,725.8 6,499.4 6,828.0
Accounts Payable
and Payables to
Contractors and
Equipment
Suppliers 844.3 1,024.0 1,430.2 844.3 1,024.0 1,430.2
Other Current
Liabilities 1,734.8 1,494.5 1,897.7 1,734.8 1,928.8 2,331.9
Total Current
Liabilities 10,587.1 9,700.4 11,374.2 10,434.8 9,784.7 11,839.3
Long-Term
Liabilities
Long-Term Debts10,261.4 10,880.3 11,323.7 10,100.0 10,709.7 11,179.3
Other Liabilities 402.3 527.5 370.1 617.3 752.3 596.5
Total
Liabilities 21,250.8 21,108.2 23,068.0 21,152.1 21,246.7 23,615.1
SHAREHOLDERS’ EQUITY
Capital Stock 27.5 27.5 27.5 27.5 27.5 27.5
Deferred
Compensation (41.7) (55.3) (69.4) (69.1) (90.9) (125.0)
Capital Surplus 12,515.7 12,471.1 12,475.9 12,169.0 12,124.6 12,147.3
Retained
Earnings 5,268.3 6,088.1 6,291.0 5,841.4 6,535.0 6,350.8
Cumulated
Translation
Adjustments 263.0 199.7 277.5 263.0 199.7 277.5
Unrecognized
Pension
Cost -- -- -- (205.8) (205.8) (205.8)
Minority
Interests 2,818.4 3,074.8 3,245.6 2,814.9 3,005.5 3,178.6
Total Equity 20,851.2 21,805.9 22,248.1 20,840.9 21,595.6 21,650.9
Total Liabilities
& Shareholders’
Equity 42,102.0 42,914.1 45,316.1 41,993.0 42,842.3 45,266.0
Contacts:
In Taiwan
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
Tel: +886-6-507-7712
Email: s.k._chen@chipmos.com
In the U.S.
Joseph Villalta
The Ruth Group
Tel: +1-646-536-7003
Email: jvillalta@theruthgroup.com
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.