UMC Reports Third Quarter 2013 Results

 

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income

Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

Except Per Share and Per ADS Data














For the Three-Month Period Ended


For the Nine-Month Period Ended


September 30, 2013


September 30, 2013


US$


NT$


%


US$


 NT$ 


%

Net operating revenues

1,128


33,407


100.0%


3,143


93,093


100.0%

Operating costs

(880)


(26,070)


(78.0%)


(2,535)


(75,087)


(80.7%)

Gross profit

248


7,337


22.0%


608


18,006


19.3%

























Operating expenses












  - Sales and marketing expenses

(26)


(778)


(2.3%)


(79)


(2,341)


(2.5%)

  - General and administrative expenses

(29)


(854)


(2.6%)


(96)


(2,840)


(3.0%)

  - Research and development expenses

(110)


(3,262)


(9.8%)


(301)


(8,908)


(9.6%)

      Subtotal

(165)


(4,894)


(14.7%)


(476)


(14,089)


(15.1%)

Net other operating income and expenses

(2)


(48)


(0.1%)


(2)


(79)


(0.1%)

Operating income

81


2,395


7.2%


130


3,838


4.1%













Net non-operating income and expenses

53


1,561


4.6%


318


9,441


10.2%

Income from continuing operations before
   income tax

134


3,956


11.8%


448


13,279


14.3%

























Income tax expense

(20)


(590)


(1.7%)


(59)


(1,762)


(1.9%)

Net income 

114


3,366


10.1%


389


11,517


12.4%













Other comprehensive income

(76)


(2,249)


(6.8%)


(12)


(356)


(0.4%)













Total comprehensive income

38


1,117


3.3%


377


11,161


12.0%













    Net income attributable to:












        Stockholders of the parent

117


3,476


10.4%


401


11,881


12.8%

        Non-controlling interests

(3)


(110)


(0.3%)


(12)


(364)


(0.4%)













    Comprehensive income attributable to:












        Stockholders of the parent

42


1,255


3.8%


389


11,534


12.4%

        Non-controlling interests

(4)


(138)


(0.5%)


(12)


(373)


(0.4%)













Earnings per share-basic

0.009


0.28




0.032


0.95



Earnings per ADS (2)

0.047


1.40




0.160


4.75















Weighted average number of shares
     outstanding (in millions)



12,460






12,518















Notes:












(1) New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2013 exchange rate of NT $29.62 per U.S. Dollar.

     All figures are prepared in accordance with TIFRSs.

(2) 1 ADS equals 5 common shares.

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statement of Cash Flows

For The Nine-Month Period Ended September 30, 2013

 Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)






USD


NTD

Cash flows from operating activities :




    Net income before tax

448


13,279

    Depreciation & Amortization

974


28,864

    Share of profit of associates and joint ventures

(18)


(527)

    Impairment loss on financial assets

22


660

    Gain on disposal of investments

(41)


(1,210)

    Bargain purchase gain

(242)


(7,154)

    Exchange loss on financial assets and liabilities

7


198

    Exchange loss on long-term liabilities

6


163

    Changes in assets, liabilities and others

(57)


(1,711)

Net cash provided by operating activities

1,099


32,562





Cash flows from investing activities :




    Proceeds from disposal of available-for-sale financial assets

70


2,060

    Acquisition of financial assets measured at cost

(28)


(834)

    Proceeds from capital reduction and liquidation of investment

9


273

    Acquisition of subsidiaries (net of cash acquired)

89


2,641

    Acquisition of property, plant and equipment

(849)


(25,161)

    Proceeds from disposal of property, plant and equipment 

18


534

    Acquisition of intangible assets

(87)


(2,568)

    Others

(25)


(723)

Net cash used in investing activities

(803)


(23,778)





Cash flows from financing activities :




    Decrease in short-term loans

(26)


(761)

    Proceeds from bonds issued

338


10,000

    Proceeds from long-term loans

266


7,887

    Repayments of long-term loans

(370)


(10,969)

    Cash dividends

(171)


(5,061)

    Treasury stock acquired

(76)


(2,245)

    Acquisition of subsidiaries

(10)


(303)

    Others

11


315

Net cash used in financing activities

(38)


(1,137)





Effect of exchange rate changes on cash and cash equivalents

3


96

Net increase in cash and cash equivalents

261


7,743





Cash and cash equivalents at beginning of period

1,438


42,593





Cash and cash equivalents at end of period

1,699


50,336









Note: New Taiwan Dollars have been translated into U.S. Dollars at the September 30, 2013 exchange rate of NT $29.62
          per U.S. Dollar.

         All figures are prepared in accordance with TIFRSs.


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