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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Categories of Financial Instruments

		December 31
		2016				2017
		NT$				NT$				US$ (Note 4)
Financial assets
FVTPL
Designated as at FVTPL		$	100,583			$	100,496			$	3,391
Held for trading			2,969,229				5,122,571				172,826
Available-for-sale financial assets			1,295,034				1,212,165				40,896
Loans and receivables (Note 1)			92,082,628				103,973,567				3,507,881
Financial liabilities
FVTPL
Held for trading			1,763,660				677,430				22,855
Measured at amortized cost (Note 2)			168,397,006				139,561,999				4,708,569

Note 1:    The balances included loans and receivables measured at amortized cost which comprise cash and cash equivalents, trade and other receivables and other financial assets.

Note 2:    The balances included financial liabilities measured at amortized cost which comprise short-term borrowings, trade and other payables, bonds payable and long-term borrowings.

Summary of Maturity Analysis for Non-derivative Financial Liabilities

On Demand or Less than 1 Month				1 to 3 Months				3 Months to 1 Year				1 to 5 Years				More than 5 Years
		NT$				NT$				NT$				NT$				NT$
December 31, 2016
Non-derivative financial liabilities
Non-interest bearing		$	23,907,221			$	20,553,395			$	4,360,322			$	42,285			$	190,941
Floating interest rate liabilities			9,733,727				5,232,407				6,634,931				44,504,416				1,728,448

(continued)

		On Demand or Less than 1 Month				1 to 3 Months				3 Months to 1 Year				1 to 5 Years				More than 5 Years
		NT$				NT$				NT$				NT$				NT$
Fixed interest rate liabilities		$	5,360,644			$	1,019,221			$	10,549,983			$	28,553,095			$	2,062,500
		$	39,001,592			$	26,805,023			$	21,545,236			$	73,099,796			$	3,981,889

(concluded)

December 31, 2017
Non-derivative financial liabilities
Non-interest bearing		$	30,695,797			$	18,387,296			$	4,549,468			$	2,807			$	176,199
Floating interest rate liabilities			6,641,541				4,153,830				5,101,178				27,196,245				900,310
Fixed interest rate liabilities			8,522,765				7,526,270				1,526,449				11,902,335				6,462,396
		$	45,860,103			$	30,067,396			$	11,177,095			$	39,101,387			$	7,538,905

		On Demand or Less than 1 Month				1 to 3 Months				3 Months to 1 Year				1 to 5 Years				More than 5 Years
		US$ (Note 4)				US$ (Note 4)				US$ (Note 4)				US$ (Note 4)				US$ (Note 4)
December 31, 2017
Non-derivative financial liabilities
Non-interest bearing		$	1,035,621			$	620,354			$	153,491			$	95			$	5,945
Floating interest rate liabilities			224,073				140,143				172,104				917,552				30,375
Fixed interest rate liabilities			287,543				253,923				51,500				401,563				218,029
		$	1,547,237			$	1,014,420			$	377,095			$	1,319,210			$	254,349

Summary of Maturity Analysis for Derivative Financial Instruments

On Demand or Less than 1 Month				1 to 3 Months				3 Months to 1 Year
		NT$				NT$				NT$
December 31, 2016
Net settled
Forward exchange contracts		$	22,680			$	13,320			$	-
Foreign currency option contracts		$	(344	)		$	-			$	-
Gross settled
Forward exchange contracts
Inflows		$	5,134,196			$	912,213			$	-
Outflows			(5,245,724	)			(915,900	)			-
			(111,528	)			(3,687	)			-

(continued)

		On Demand or Less than 1 Month				1 to 3 Months				3 Months to 1 Year
		NT$				NT$				NT$
Swap contracts
Inflows		$	5,345,159			$	17,399,695			$	43,537,500
Outflows			(5,439,190	)			(17,540,927	)			(42,882,201	)
			(94,031	)			(141,232	)			655,299
		$	(205,559	)		$	(144,919	)		$	655,299
December 31, 2017
Net settled
Forward exchange contracts		$	(8,820	)		$	-			$	-
Gross settled
Forward exchange contracts
Inflows		$	3,711,302			$	2,169,093			$	390,379
Outflows			(3,679,154	)			(2,138,635	)			(386,880	)
			32,148				30,458				3,499
Swap contracts
Inflows			12,116,531				14,434,880				36,676,224
Outflows			(12,189,576	)			(14,629,738	)			(36,452,898	)
			(73,045	)			(194,858	)			223,826
		$	(40,897	)		$	(164,400	)		$	227,325

(concluded)

		On Demand or Less than 1 Month				1 to 3 Months				3 Months to 1 Year
		US$ (Note 4)				US$ (Note 4)				US$ (Note 4)
December 31, 2017
Net settled
Forward exchange contracts		$	(298	)		$	-			$	-

(Continued)

		On Demand or Less than 1 Month				1 to 3 Months				3 Months to 1 Year
		US$ (Note 4)				US$ (Note 4)				US$ (Note 4)
Gross settled
Forward exchange contracts
Inflows		$	125,213			$	73,181			$	13,171
Outflows			(124,128	)			(72,154	)			(13,154	)
			1,085				1,027				118
Swap contracts
Inflows			408,790				487,007				1,237,389
Outflows			(411,254	)			(493,581	)			(1,229,838	)
			(2,464	)			(6,574	)			7,551
		$	(1,379	)		$	(5,547	)		$	7,669

Reconciliation of Liabilities Arising From Financing Activities

The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, of future cash flows will be, classified in the Group’s condensed consolidated statement of cash flows as cash flows from financing activities.

For the year ended December 31, 2017

		Short-term borrowings				Bonds payable				Long-term borrowings				Total
		NT$				NT$				NT$				NT$
Balance at January 1, 2017		$	20,955,522			$	36,999,903			$	53,115,563			$	111,070,988
Financing cash flows			(2,038,993	)			(1,123,972	)			(16,473,381	)			(19,636,346	)
Non-cash changes
Amortization of issuance cost			-				319,463				5,790				325,253
Converted to ordinary shares in current period			-				(11,650,369	)			-				(11,650,369	)
Effects of exchange rate changes			(954,058	)			(1,402,245	)			(1,241,344	)			(3,597,647	)
Balance at December 31, 2017		$	17,962,471			$	23,142,780			$	35,406,628			$	76,511,879

		Short-term borrowings				Bonds payable				Long-term borrowings				Total
		US$ (Note 4)				US$ (Note 4)				US$ (Note 4)				US$ (Note 4)
Balance at January 1,2017		$	707,001			$	1,248,310			$	1,792,023			$	3,747,334
Financing cash flows			(68,792	)			(37,920	)			(555,782	)			(662,494	)
Non-cash changes
Amortization of issuance cost			-				10,778				195				10,973
Converted to ordinary shares in current period			-				(393,062	)			-				(393,062	)
Effects of exchange rate changes			(32,188	)			(47,310	)			(41,881	)			(121,379	)
Balance at December 31, 2017		$	606,021			$	780,796			$	1,194,555			$	2,581,372

Interest rate risk [member]

Summary of Interest Rate Risk

The carrying amounts of the Group’s financial assets and financial liabilities with exposure to interest rates at each balance sheet date were as follows:

		December 31
		2016				2017
		NT$				NT$				US$ (Note 4)
Fair value interest rate risk
Financial liabilities		$	30,243,887			$	17,552,955			$	592,205
Cash flow interest rate risk
Financial assets			29,977,709				39,880,736				1,345,504
Financial liabilities			65,800,323				42,270,321				1,426,124

Fair value of financial instruments not measured at fair value but for which fair value is disclosed [member]

Summary of Fair Value of Financial Instruments

The carrying amounts and fair value of bonds payable as of December 31, 2016 and 2017, respectively, were as follows:

		Carrying Amount								Fair Value
		NT$				US$ (Note 4)				NT$				US$ (Note 4)
December 31, 2016		$	36,999,903							$	37,300,356
December 31, 2017			23,142,780			$	780,796				23,247,085			$	784,315

Measured at fair value on a recurring basis [member]

Summary of Fair Value of Financial Instruments

1) Fair value hierarchy

		Level 1				Level 2				Level 3				Total
		NT$				NT$				NT$				NT$
December 31, 2016
Financial assets at FVTPL
Financial assets designated as at FVTPL
Private-placement convertible bonds		$	-			$	100,583			$	-			$	100,583
Derivative financial assets
Forward exchange contracts			-				462,339				-				462,339
Forward currency options			-				66,872				-				66,872
Non-derivative financial assets held for trading
Quoted shares		$	1,855,073			$	-			$	-			$	1,855,073
Open-end mutual funds			584,945				-				-				584,945
		$	2,440,018			$	629,794			$	-			$	3,069,812
Available-for-sale financial assets
Unquoted shares		$	-			$	-			$	631,418			$	631,418
Limited Partnership			-				-				273,372				273,372
Open-end mutual funds			243,458				-				-				243,458
Quoted shares			146,786				-				-				146,786
		$	390,244			$	-			$	904,790			$	1,295,034
Financial liabilities at FVTPL
Derivative financial liabilities
Conversion option, redemption option and put option of convertible bonds		$	-			$	1,213,890			$	-			$	1,213,890
Swap contracts			-				422,934				-				422,934
Forward exchange contracts			-				108,912				-				108,912
Foreign currency option contracts			-				17,924				-				17,924
		$	-			$	1,763,660			$	-			$	1,763,660

		Level 1								Level 2								Level 3								Total
		NT$				US$ (Note 4)				NT$				US$ (Note 4)				NT$				US$ (Note 4)				NT$				US$ (Note 4)
December 31, 2017
Financial assets at FVTPL
Financial assets designated as at FVTPL
Private-placement convertible bonds		$	-			$	-			$	100,496			$	3,391			$	-			$	-			$	100,496			$	3,391
Derivative financial assets
Forward exchange contracts			-				-				61,325				2,069				-				-				61,325				2,069
Swap contracts			-				-				60,538				2,042				-				-				60,538				2,042
Non-derivative financial assets held for trading
Quoted shares			4,410,732				148,810				-				-				-				-				4,410,732				148,810
Open-end mutual funds			589,976				19,905				-				-				-				-				589,976				19,905
		$	5,000,708			$	168,715			$	222,359			$	7,502			$	-			$	-			$	5,223,067			$	176,217
Available-for-sale financial assets
Unquoted shares		$	-			$	-			$	-			$	-			$	662,477			$	22,350			$	662,477			$	22,350
Limited partnership			-				-				-				-				246,072				8,302				246,072				8,302
Quoted shares			279,791				9,440				-				-				-				-				279,791				9,440
Open-end mutual funds			23,825				804				-				-				-				-				23,825				804
		$	303,616			$	10,244			$	-			$	-			$	908,549			$	30,652			$	1,212,165			$	40,896
Financial liabilities at FVTPL
Derivative financial liabilities
Swap contracts		$	-			$	-			$	652,107			$	22,001			$	-			$	-			$	652,107			$	22,001
Forward exchange contracts			-				-				25,323				854				-				-				25,323				854
		$	-			$	-			$	677,430			$	22,855			$	-			$	-			$	677,430			$	22,855

Level 3 of fair value hierarchy [member]

Summary of Financial Assets Measured at Level 3 Fair Value

Reconciliations for the years ended December 31, 2015, 2016 and 2017 were as follows:

		For the Year Ended December 31
		2015				2016				2017
		NT$				NT$				NT$				US$ (Note 4)
Balance at January 1		$	778,866			$	741,089			$	904,790			$	30,526
Purchases			2,010				495,928				2,649				89
Total gain or loss
In profit or loss			(15,891	)			(100,734	)			28				1
In other comprehensive income			21,195				(202,565	)			17,284				583
Disposals			(45,091	)			(28,928	)			(16,202	)			(547	)
Balance at December 31		$	741,089			$	904,790			$	908,549			$	30,652

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