TYC Brother Industrial : 2021Y Q3 Financial Report (IFRS)

	1522 TYC BROTHER INDUSTRIAL CO, LTD.			|
	2021Q3 Consolidated Financial Report
Unit: NT$ thousands
Balance Sheet
Code	Accounting Title	2021/9/30	2020/12/31	2020/9/30
	Assets
	Current assets
1100	Cash and cash equivalents	903,720	989,964	888,489
1136	Current financial assets at amortised cost	140,622	78,676	96,003
1150	Notes receivable, net	12,889	22,416	19,595
1160	Notes receivable due from related parties, net	8,851	13,561	17,095
1170	Accounts receivable, net	2,643,085	2,450,755	2,408,720
1180	Accounts receivable due from related parties, net	129,164	61,962	32,999
1200	Other receivables	125,481	115,455	102,476
130X	Current inventories	5,387,261	4,392,436	4,230,393
1470	Other current assets	322,947	327,870	323,748
1479	Other current assets, others	322,947	327,870	323,748
11XX	Total current assets	9,674,020	8,453,095	8,119,518
	Non-current assets
1517	Non-current financial assets at fair value through other comprehensive income	214,531	191,736	139,327
1550	Investments accounted for using equity method	1,922,866	1,983,646	1,897,761
1600	Property, plant and equipment	8,066,950	8,330,236	8,269,762
1755	Right-of-use assets	1,972,319	1,863,728	1,918,016
1780	Intangible assets	74,464	90,673	94,015
1840	Deferred tax assets	495,094	492,841	509,725
1900	Other non-current assets	1,378,739	1,339,180	1,422,912
1915	Prepayments for business facilities	1,282,761	1,243,141	1,333,923
1920	Guarantee deposits paid	50,365	50,887	47,773
1990	Other non-current assets, others	45,613	45,152	41,216
1995	Other non-current assets, others	45,613	45,152	41,216
15XX	Total non-current assets	14,124,963	14,292,040	14,251,518
1XXX	Total assets	23,798,983	22,745,135	22,371,036
	Liabilities and equity
	Liabilities
	Current liabilities

2100	Current borrowings	2,118,109	1,229,994	2,643,920
2110	Short-term notes and bills payable	319,838	0	29,987
2120	Current financial liabilities at fair value through profit or loss	2,466	17,020	9,455
2150	Notes payable	395,980	324,990	239,696
2170	Accounts payable	2,411,369	2,325,277	1,879,833
2180	Accounts payable to related parties	609,405	610,662	453,889
2200	Other payables	986,098	940,817	810,912
2230	Current tax liabilities	10,065	7,905	33,828
2280	Current lease liabilities	190,412	188,161	195,552
2300	Other current liabilities	591,700	655,986	599,068
2320	Long-term liabilities, current portion	135,995	233,580	223,297
2322	Long-term borrowings, current portion	135,995	233,580	223,297
2399	Other current liabilities, others	455,705	422,406	375,771
21XX	Total current liabilities	7,635,442	6,300,812	6,896,140
	Non-current liabilities
2540	Non-current portion of non-current borrowings	6,104,306	7,774,158	6,917,425
2541	Long-term bank loans	6,104,306	5,774,719	4,920,568
2542	Others long-term borrowings	0	1,999,439	1,996,857
2570	Deferred tax liabilities	56,663	56,815	63,992
2580	Non-current lease liabilities	1,682,322	1,587,850	1,641,565
2600	Other non-current liabilities	291,873	320,574	318,660
2640	Net defined benefit liability, non-current	244,524	270,708	266,759
2670	Other non-current liabilities, others	47,349	49,866	51,901
25XX	Total non-current liabilities	8,135,164	9,739,397	8,941,642
2XXX	Total liabilities	15,770,606	16,040,209	15,837,782
	Equity
	Equity attributable to owners of parent
	Share capital
3110	Ordinary share	3,128,979	3,128,979	3,128,979
3120	Preference share	300,000	0	0
3100	Total Share Capital	3,428,979	3,128,979	3,128,979
	Capital surplus
3200	Total capital surplus	2,577,877	1,381,263	1,381,263
	Retained earnings
3310	Legal reserve	808,620	783,394	783,394

3320			Special reserve			289,982			250,969		250,969
3350			Unappropriated retained earnings (accumulated deficit)			996,254			1,176,321		1,068,327
3300			Total retained earnings			2,094,856			2,210,684		2,102,690
			Other equity interest
3410			Exchange differences on translation of foreign financial statements			(447,514)		(395,675)		(385,718)
3420			Unrealised gains (losses) from financial assets measured at fair value through other comprehensive income			88,375			105,693		52,761
3400			Total other equity interest			(359,139)		(289,982)		(332,957)
3500			Treasury shares			(5,996)		(5,996)		(5,996)
31XX		Total equity attributable to owners of parent			7,736,577			6,424,948		6,273,979
36XX		Non-controlling interests			291,800			279,978		259,275
3XXX		Total equity			8,028,377			6,704,926		6,533,254
3X2X		Total liabilities and equity			23,798,983			22,745,135		22,371,036
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			939,707			939,707		939,707
Unit: NT$ thousands EPS Unit: NT$
Statement of Comprehensive Income
Code			Accounting Title	2021/7/1To9/30	2020/7/1To9/30		2021/1/1To9/30		2020/1/1To9/30
		Operating revenue
			Net sales revenue
4100			Net sales revenue	4,123,150	3,824,258		12,269,143		10,655,182
4000			Total operating revenue	4,123,150	3,824,258		12,269,143		10,655,182
		Operating costs
			Cost of sales
5110			Total cost of sales	3,440,508	3,076,690		10,062,482		8,498,524
5000			Total operating costs	3,440,508	3,076,690		10,062,482		8,498,524
5900	Gross profit (loss) from operations	682,642	747,568		2,206,661		2,156,658
5910	Unrealized profit (loss) from sales	(8)	(8)		7		22
5920	Realized profit (loss) on from sales	0	0		21		31
5950	Gross profit (loss) from operations	682,650	747,576		2,206,675		2,156,667
		Operating expenses
6100			Selling expenses	365,184	342,277		1,057,960		1,022,928
6200			Administrative expenses	179,967	187,867		553,983		585,968
6300			Research and development expenses	84,105	101,203		260,999		327,367
6450			Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	2,022	(3,812)		5,324		147

6000	Total operating expenses	631,278	627,535	1,878,266	1,936,410
6900	Net operating income (loss)	51,372	120,041	328,409	220,257
	Non-operating income and expenses
	Other income
7010	Total other income	10,734	60,259	38,622	143,678
	Other gains and losses
7020	Other gains and losses, net	(13,072)	(18,818)	(113,093)	(44,948)
	Finance costs
7050	Finance costs, net	32,228	40,610	105,058	133,583
	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	9,732	42,954	33,175	62,726
7000	Total non-operating income and expenses	(24,834)	43,785	(146,354)	27,873
7900	Profit (loss) from continuing operations before tax	26,538	163,826	182,055	248,130
	Tax expense (income)
7950	Total tax expense (income)	14,344	66,275	76,168	101,520
8000	Profit (loss) from continuing operations	12,194	97,551	105,887	146,610
8200	Profit (loss)	12,194	97,551	105,887	146,610
	Other comprehensive income
	Components of other comprehensive income that will not be reclassified to profit or loss
8316	Unrealised gains (losses) from investments in equity instruments measured at fair value through other comprehensive income	(25,242)	7,750	(16,635)	(2,456)
8310	Components of other comprehensive income that will not be reclassified to profit or loss	(25,242)	7,750	(16,635)	(2,456)
	Components of other comprehensive income that will be reclassified to profit or loss
8361	Exchange differences on translation	(25,221)	(8,939)	(67,151)	(77,203)
8370	Share of other comprehensive income of associates and joint ventures accounted for using equity method, components of other	(4,318)	25,266	(484)	(28,773)
comprehensive income that will be reclassified to profit or loss
8399	Income tax related to components of other comprehensive income that will be reclassified to profit or loss	(5,941)	3,974	(12,959)	(19,883)
8360	Components of other comprehensive income that will be reclassified to profit or loss	(23,598)	12,353	(54,676)	(86,093)
8300	Total other comprehensive income	(48,840)	20,103	(71,311)	(88,549)
8500	Total comprehensive income	(36,646)	117,654	34,576	58,061
	Profit (loss), attributable to:
8610	Profit (loss), attributable to owners of parent	6,022	88,218	71,228	144,263
8620	Profit (loss), attributable to non-controlling interests	6,172	9,333	34,659	2,347
	Comprehensive income attributable to:
8710	Comprehensive income, attributable to owners of parent	(42,986)	111,866	2,754	62,275
8720	Comprehensive income, attributable to non-controlling interests	6,340	5,788	31,822	(4,214)
	Basic earnings per share

9710	Basic earnings (loss) per share from continuing operations	0.02	0.28	0.23	0.46
9750	Total basic earnings per share	0.02	0.28	0.23	0.46
	Diluted earnings per share
9810	Diluted earnings (loss) per share from continuing operations	0.02	0.28	0.23	0.46
9850	Total diluted earnings per share	0.02	0.28	0.23	0.46

Unit: NT$ thousands

Statements of Cash Flows

Code	Accounting Title	2021/1/1To9/30	2020/1/1To9/30
	Cash flows from (used in) operating activities, indirect method
A00010	Profit (loss) from continuing operations before tax	182,055	248,130
A10000	Profit (loss) before tax	182,055	248,130
	Adjustments
	Adjustments to reconcile profit (loss)
A20100	Depreciation expense	1,226,839	1,224,349
A20200	Amortization expense	32,982	36,194
A20300	Expected credit loss (gain) / Provision (reversal of provision) for bad debt expense	5,324	147
A20900	Interest expense	105,058	133,583
A21200	Interest income	(2,311)	(3,640)
A21300	Dividend income	(1,013)	0
A22300	Share of loss (profit) of associates and joint ventures accounted for using equity method	(33,175)	(62,726)
A22500	Loss (gain) on disposal of property, plan and equipment	(965)	(459)
A23900	Unrealized profit (loss) from sales	7	22
A24000	Realized loss (profit) on from sales	(21)	(31)
A29900	Other adjustments to reconcile profit (loss)	(4)	(68)
A20010	Total adjustments to reconcile profit (loss)	1,332,721	1,327,371
	Changes in operating assets and liabilities
	Changes in operating assets
A31115	Decrease (increase) in financial assets at fair value through profit or loss, mandatorily measured at fair value	0	410
A31130	Decrease (increase) in notes receivable	9,569	7,243
A31140	Decrease (increase) in notes receivable due from related parties	4,726	1,879
A31150	Decrease (increase) in accounts receivable	(195,205)	467,454
A31160	Decrease (increase) in accounts receivable due from related parties	(69,709)	(979)
A31180	Decrease (increase) in other receivable	(19,541)	74,243
A31200	Adjustments for decrease (increase) in inventories	(994,825)	437,646
A31240	Adjustments for decrease (increase) in other current assets	(171)	(52,028)