Borrowings

12 Months Ended

Dec. 31, 2020

20.

BORROWINGS

Short-term borrowings

Bank loans mainly represented unsecured revolving loans and letters of credit.

	December 31
	2019		2020
	NT$		NT$		US$ (Note 4)

Secured bank loans, annual interest rate was 0.90%-1.87% as of December 31, 2020	$	-	$	300,495	$	10,701
Unsecured bank loans, annual interest rates were 0.70%-5.40% and 0.58%-3.83% as of December 31, 2019 and 2020, respectively		40,572,329		34,297,362		1,221,416
		40,572,329		34,597,857		1,232,117
Less: financial liabilities for hedging - current (Note 34)		3,233,301		3,307,018		117,771

	$	37,339,028	$	31,290,839	$	1,114,346

Long-term borrowings

Bank loans

	December 31
	2019		2020
	NT$		NT$		US$ (Note 4)

Revolving bank loans
Syndicated bank loans - repayable through April 2021 to October 2022, annual interest rates were 1.80% and 1.15%-1.17% as of December 31, 2019 and 2020 (Note 36)	$	20,000,000	$	12,536,424	$	446,454
Others - repayable through January 2021 to July 2029, annual interest rates were 0.82%-4.13% and 0.56%-4.15% as of December 31, 2019 and 2020, respectively		105,214,824		84,146,125		2,996,657
Mortgage loans
Repayable through January 2021 to December 2033, annual interest rates were 2.43%-4.90% and 1.90%-4.90% as of December 31, 2019 and 2020, respectively		4,880,822		10,813,997		385,114
		130,095,646		107,496,546		3,828,225
Less: unamortized discounts		10,292		104,323		3,715
		130,085,354		107,392,223		3,824,510
Less: current portion		5,017,970		2,250,121		80,133
financial liabilities for hedging - current (Note 34)		-		1,970,307		70,168
financial liabilities for hedging - non-current (Note 34)		-		5,910,919		210,503

	$	125,067,384	$	97,260,876	$	3,463,706

Pursuant to some of the above revolving bank loans agreements, the Company and its subsidiaries should meet certain financial covenants which are calculated based on each of their annual audited consolidated financial statements or semi-annual reviewed consolidated financial statements. The Company and its subsidiaries were in compliance with all of the financial covenants.

Long-term bills payable

	December 31
	2019		2020
	NT$		NT$		US$ (Note 4)

Ta Ching Bills Finance Corporation, repayable in March 2022, annual interest rates were 1.01%-1.03% and 0.91% as of December 31, 2019 and 2020, respectively	$	3,100,000	$	1,000,000	$	35,613

Long-term notes payable - only as of December 31, 2019

	December 31, 2019
	NT$

Commercial papers	$	100,016
Less: unamortized discounts		2,137
		97,879
Less: current portion		94,798

	$	3,081

Annual interest rate (%)		5.02-6.89

The Company’s subsidiary funded from leasing companies by after-sales repurchasing its inventories and machinery which was repaid in October 2020.