TECO Electric & Machinery : 2023 2nd Quarter Consolidated Financial Statements

	1504 TECO ELECTRIC ＆ MACHINERY CO., LTD.			|
	2023Q2 Consolidated Financial Report
Unit: NT$ thousands
Balance Sheet
Code	Accounting Title	2023/6/30	2022/12/31	2022/6/30
	Assets
	Current assets
1100	Cash and cash equivalents	22,658,903	21,156,796	20,167,428
1110	Current financial assets at fair value through profit or loss	25,301	31,790	105,806
1120	Current financial assets at fair value through other comprehensive income	314,849	761,573	894,739
1140	Current contract assets	3,280,182	2,316,064	2,101,867
1150	Notes receivable, net	862,128	1,039,556	910,643
1160	Notes receivable due from related parties, net	144	101	666
1170	Accounts receivable, net	10,968,976	10,049,783	10,463,328
1180	Accounts receivable due from related parties, net	318,416	301,997	269,957
1200	Other receivables	824,344	326,141	1,048,248
1210	Other receivables due from related parties	93,701	86,927	101,178
130X	Current inventories	12,664,296	12,895,287	13,049,064
1410	Prepayments	673,071	496,418	531,638
1470	Other current assets	716,047	854,988	1,791,543
11XX	Total current assets	53,400,358	50,317,421	51,436,105
	Non-current assets
1510	Non-current financial assets at fair value through profit or loss	3,797,542	3,271,436	3,446,532
1517	Non-current financial assets at fair value through other comprehensive income	34,352,057	33,765,890	30,950,170
1535	Non-current financial assets at amortised cost	68,201	115,909	160,967
1550	Investments accounted for using equity method	3,983,113	3,911,876	3,546,073
1600	Property, plant and equipment	20,003,598	19,131,777	18,349,600
1755	Right-of-use assets	6,565,346	6,735,166	6,849,030
1760	Investment property, net	2,926,088	2,966,896	2,810,288
1780	Intangible assets	4,799,574	4,668,399	4,408,604
1840	Deferred tax assets	1,151,751	1,198,512	1,213,136
1900	Other non-current assets	511,827	519,828	835,336
15XX	Total non-current assets	78,159,097	76,285,689	72,569,736

1XXX	Total assets	131,559,455	126,603,110	124,005,841
	Liabilities and equity
	Liabilities
	Current liabilities
2100	Current borrowings	1,734,719	1,751,344	1,703,444
2120	Current financial liabilities at fair value through profit or loss	1,918	4,144	9,862
2130	Current contract liabilities	2,057,686	2,199,362	1,911,825
2150	Notes payable	589,731	784,357	706,135
2160	Notes payable to related parties	928	434	24,000
2170	Accounts payable	8,830,725	9,077,048	8,969,587
2180	Accounts payable to related parties	39,476	48,756	156,919
2200	Other payables	9,466,406	5,994,197	8,636,771
2230	Current tax liabilities	907,813	852,683	632,547
2250	Current provisions	458,553	340,961	340,214
2280	Current lease liabilities	408,076	531,318	524,836
2300	Other current liabilities	1,097,629	1,069,316	2,164,298
2320	Long-term liabilities, current portion	253,039	228,159	1,486,218
2399	Other current liabilities, others	844,590	841,157	678,080
21XX	Total current liabilities	25,593,660	22,653,920	25,780,438
	Non-current liabilities
2530	Bonds payable	5,000,000	5,000,000	5,000,000
2540	Non-current portion of non-current borrowings	3,756,383	3,427,355	3,318,188
2550	Non-current provisions	290,544	237,477	106,134
2570	Deferred tax liabilities	2,366,064	2,432,283	2,375,015
2580	Non-current lease liabilities	4,484,266	4,541,089	4,597,722
2600	Other non-current liabilities	1,850,965	1,992,487	2,157,461
25XX	Total non-current liabilities	17,748,222	17,630,691	17,554,520
2XXX	Total liabilities	43,341,882	40,284,611	43,334,958
	Equity
	Equity attributable to owners of parent
	Share capital
3110	Ordinary share	21,387,966	21,387,966	21,387,966

3100			Total Share Capital			21,387,966	21,387,966	21,387,966
			Capital surplus
3210			Capital surplus, additional paid-in capital			9,003,384	9,003,384	9,003,384
3220			Capital surplus, treasury share transactions			24,388	24,388	24,388
3260			Capital surplus, changes in equity of associates and joint ventures accounted for using equity method			426,508	390,442	389,417
3270			Capital surplus, net assets from merger			139,800	139,800	139,800
3271			Capital surplus, employee share options			212	212	212
3272			Capital surplus, share options			0	0	0
3280			Capital surplus, others			17,596	17,596	17,596
3200			Total capital surplus			9,611,888	9,575,822	9,574,797
			Retained earnings
3310			Legal reserve			8,237,099	7,899,057	7,899,057
3320			Special reserve			3,640,779	3,640,779	3,640,779
3350			Unappropriated retained earnings (accumulated deficit)			20,357,930	19,680,601	17,669,391
3300			Total retained earnings			32,235,808	31,220,437	29,209,227
			Other equity interest
3410			Exchange differences on translation of foreign financial statements			(2,068,151)	(2,453,451)	(3,087,496)
3420			Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income			21,320,969	20,805,870	18,191,281
3400			Total other equity interest			19,252,818	18,352,419	15,103,785
3500			Treasury shares			(511,710)	(511,710)	(511,710)
31XX		Total equity attributable to owners of parent			81,976,770	80,024,934	74,764,065
36XX		Non-controlling interests			6,240,803	6,293,565	5,906,818
3XXX		Total equity			88,217,573	86,318,499	80,670,883
3X2X		Total liabilities and equity			131,559,455	126,603,110	124,005,841
3997			Number of share capital awaiting retirement			0	0	0
3998			Equivalent issue shares of advance receipts for ordinary share			0	0	0
3999			Number of shares in entity held by entity and by its subsidiaries			29,513,022	29,513,022	29,513,022
Unit: NT$ thousands EPS Unit: NT$
Statement of Comprehensive Income
Code			Accounting Title	2023/4/1To6/30	2022/4/1To6/30	2023/1/1To6/30	2022/1/1To6/30
		Operating revenue
4000			Total operating revenue	15,064,064		14,543,585		29,964,245		28,440,873

	Operating costs
5000	???Total operating costs	11,182,156	11,203,105	22,453,536	22,056,413
5900	Gross profit (loss) from operations	3,881,908	3,340,480	7,510,709	6,384,460
5910	Unrealized profit (loss) from sales	565	(401)	9,660	7,953
5920	Realized profit (loss) on from sales	1	0	9,351	8,354
5950	Gross profit (loss) from operations	3,881,344	3,340,881	7,510,400	6,384,861
	Operating expenses
6100	Selling expenses	1,161,985	1,107,295	2,218,626	2,143,759
6200	Administrative expenses	653,521	654,470	1,263,270	1,236,336
6300	Research and development expenses	282,183	282,828	547,941	549,376
6450	Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	3,315	9,181	2,823	17,637
6000	Total operating expenses	2,101,004	2,053,774	4,032,660	3,947,108
6900	Net operating income (loss)	1,780,340	1,287,107	3,477,740	2,437,753
	Non-operating income and expenses
	Interest income
7100	Total interest income	145,181	36,903	269,308	68,739
	Other income
7010	Total other income	1,036,588	796,235	1,192,876	878,091
	Other gains and losses
7020	Other gains and losses, net	(124,511)	(503,293)	164,861	(1,013,247)
	Finance costs
7050	Finance costs, net	77,469	50,042	138,060	102,248
	Share of profit (loss) of associates and joint ventures accounted for using equity method
7060	Share of profit (loss) of associates and joint ventures accounted for using equity method, net	18,249	796	(1,353)	98,410
7000	Total non-operating income and expenses	998,038	280,599	1,487,632	(70,255)
7900	Profit (loss) from continuing operations before tax	2,778,378	1,567,706	4,965,372	2,367,498
	Tax expense (income)
7950	Total tax expense (income)	524,003	396,481	967,990	742,214
8000	Profit (loss) from continuing operations	2,254,375	1,171,225	3,997,382	1,625,284
8200	Profit (loss)	2,254,375	1,171,225	3,997,382	1,625,284
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
8311	Gains (losses) on remeasurements of defined benefit plans	0	0	11,786	(325)

8316	Unrealised gains (losses) from investments in equity instruments measured at fair value through other comprehensive	(5,722,517)	(2,102,435)	1,144,188	(14,240,197)
income
8320	Share of other comprehensive income of associates and joint ventures accounted for using equity method,	2,240	43	3,827	(1,924)
components of other comprehensive income that will not be reclassified to profit or loss
8349	Income tax related to components of other comprehensive income that will not be reclassified to profit or loss	19,424	0	19,424	0
8310	Components of other comprehensive income that will not be reclassified to profit or loss	(5,739,701)	(2,102,392)	1,140,377	(14,242,446)
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Exchange differences on translation	477,044	153,379	431,708	1,188,792
8399	Income tax related to components of other comprehensive income that will be reclassified to profit or loss	62,385	47,631	41,117	222,520
8360	Components of other comprehensive income that will be reclassified to profit or loss	414,659	105,748	390,591	966,272
8300	Total other comprehensive income	(5,325,042)	(1,996,644)	1,530,968	(13,276,174)
8500	Total comprehensive income	(3,070,667)	(825,419)	5,528,350	(11,650,890)
	Profit (loss), attributable to:
8610	Profit (loss), attributable to owners of parent	2,121,930	1,020,677	3,756,793	1,369,116
8620	Profit (loss), attributable to non-controlling interests	132,445	150,548	240,589	256,168
	Comprehensive income attributable to:
8710	Comprehensive income, attributable to owners of parent	(3,164,703)	(974,399)	5,123,965	(11,607,600)
8720	Comprehensive income, attributable to non-controlling interests	94,036	148,980	404,385	(43,290)
	Basic earnings per share
9710	Basic earnings (loss) per share from continuing operations	1.01	0.48	1.78	0.65
9750	Total basic earnings per share	1.01	0.48	1.78	0.65
	Diluted earnings per share
9810	Diluted earnings (loss) per share from continuing operations	1.01	0.48	1.78	0.65
9850	Total diluted earnings per share	1.01	0.48	1.78	0.65

Unit: NT$ thousands

Statements of Cash Flows

Code	Accounting Title	2023/1/1To6/30	2022/1/1To6/30
	Cash flows from (used in) operating activities, indirect method
A00010	Profit (loss) from continuing operations before tax	4,965,372	2,367,498
A10000	Profit (loss) before tax	4,965,372	2,367,498
	Adjustments
	Adjustments to reconcile profit (loss)
A20100	Depreciation expense	963,694	899,398