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Profit Before Income Tax (Tables)
 12 Months Ended
Dec. 31, 2020
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Summary of Other Operating Income and Expenses, Net
 
a.
Other operating income and expenses, net
 
 
 
For the Year Ended December 31
 
 
2018
 
2019
 
2020
 
 
NT$
 
NT$
 
NT$
 
US$ (Note 4)
 
 
 
 
 
 
 
 
 
Rental income
 
$
182,411
 
 
$
136,301
 
 
$
153,682
 
 
$
5,473
 
Gains (losses) on disposal of property, plant and equipment and other assets
 
 
(14,644
)
 
 
(164,187
)
 
 
732,796
 
 
 
26,097
 
Impairment losses on property, plant and equipment (Note 15)
 
 
(133,071
)
 
 
(201,006
)
 
 
(992,273
)
 
 
(35,337
)
Loss on damages and claims
 
 
(24,114
)
 
 
(459,544
)
 
 
(176,888
)
 
 
(6,299
)
Others
 
 
361,001
 
 
 
419,881
 
 
 
785,175
 
 
 
27,961
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
371,583
 
 
$
(268,555
)
 
$
502,492
 
 
$
17,895
 
Summary of Other Income
 
b.
Other income
 
 
 
For the Year Ended December 31
 
 
2018
 
2019
 
2020
 
 
NT$
 
NT$
 
NT$
 
US$ (Note 4)
 
 
 
 
 
 
 
 
 
Government subsidy
 
$
435,950
 
 
$
624,351
 
 
$
803,049
 
 
$
28,599
 
Interest income
 
 
466,211
 
 
 
549,681
 
 
 
520,783
 
 
 
18,546
 
Dividends income
 
 
190,397
 
 
 
185,061
 
 
 
150,715
 
 
 
5,367
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
1,092,558
 
 
$
1,359,093
 
 
$
1,474,547
 
 
$
52,512
 
Summary of Other Gains, net
 
c.
Other gains, net
 
 
 
For the Year Ended December 31
 
 
2018
 
2019
 
2020
 
 
NT$
 
NT$
 
NT$
 
US$ (Note 4)
 
 
 
 
 
 
 
 
 
Remeasurement gain on investments accounted for using the equity method due to step acquisition (Note 29)
 
$
7,421,408
 
 
$
319,712
 
 
$
-  
 
 
$
-  
 
Net gains on financial assets mandatorily at FVTPL
 
 
3,388,485
 
 
 
3,631,763
 
 
 
3,211,125
 
 
 
114,356
 
Net losses arising on financial instruments held for trading
 
 
(1,398,995
)
 
 
(1,984,941
)
 
 
(3,282,973
)
 
 
(116,915
)
Gain on disposal of subsidiaries (Note 30)
 
 
-  
 
 
 
-  
 
 
 
802,753
 
 
 
28,588
 
Foreign exchange gains (losses), net
 
 
(1,015,615
)
 
 
1,125,681
 
 
 
1,005,374
 
 
 
35,805
 
Gain on disposal of investments accounted for using the
 
equity method (Note 14)
 
 
 
-  
 
 
 
-  
 
 
 
91,297
 
 
 
3,251
 
Impairment losses on financial assets (Note 14)
 
 
(521,010
)
 
 
(400,201
)
 
 
-  
 
 
 
-  
 
Others
 
 
-  
 
 
 
(8,025
)
 
 
-  
 
 
 
-  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
7,874,273
 
 
$
2,683,989
 
 
$
1,827,576
 
 
$
65,085
 
Summary of Finance Costs
 
d.
Finance costs
 
 
 
For the Year Ended December 31
 
 
2018
 
2019
 
2020
 
 
NT$
 
NT$
 
NT$
 
US$ (Note 4)
 
 
 
 
 
 
 
 
 
Interest on lease liabilities
 
$
-  
 
 
$
88,742
 
 
$
88,026
 
 
$
3,135
 
Interest on borrowings and
 
bonds payable
 
 
 
3,597,932
 
 
 
4,211,541
 
 
 
3,498,999
 
 
 
124,608
 
Total interest expense for financial liabilities measured at amortized cost
 
 
3,597,932
 
 
 
4,300,283
 
 
 
3,587,025
 
 
 
127,743
 
Less: Amounts included in the cost of qualifying assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inventories related to real estate business
 
 
(11,648
)
 
 
(35,713
)
 
 
(95,589
)
 
 
(3,404
)
Property, plant and equipment
 
 
(50,309
)
 
 
(77,715
)
 
 
(54,208
)
 
 
(1,930
)
Investment properties
 
 
(89
)
 
 
-  
 
 
 
-  
 
 
 
-  
 
 
 
 
3,535,886
 
 
 
4,186,855
 
 
 
3,437,228
 
 
 
122,409
 
Other finance costs
 
 
32,355
 
 
 
16,540
 
 
 
22,283
 
 
 
793
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
3,568,241
 
 
$
4,203,395
 
 
$
3,459,511
 
 
$
123,202
 
Summary of Capitalized Borrowing Costs
Information relating to the capitalized borrowing costs was as follows:
 
 
 
For the Year Ended December 31
 
 
2018
 
2019
 
2020
 
 
 
 
 
 
 
Annual interest capitalization rates
 
 
 
 
 
 
Inventories related to real estate business (%)
 
4.35
 
4.35-4.85
 
4.20-4.75
Property, plant and equipment (%)
 
1.84-4.52
 
0.96-4.03
 
0.49-3.47
Investment properties (%)
 
1.84-2.23
 
-
 
-
Summary of Depreciation and Amortization
 
e.
Depreciation and amortization
 
 
 
For the Year Ended December 31
 
 
2018
 
2019
 
2020
 
 
NT$
 
NT$
 
NT$
 
US$ (Note 4)
 
 
 
 
 
 
 
 
 
Property, plant and equipment
 
$
39,893,786
 
 
$
45,240,667
 
 
$
46,016,548
 
 
$
1,638,766
 
Right-of-use assets
 
 
-  
 
 
 
1,055,458
 
 
 
946,880
 
 
 
33,721
 
Investment properties
 
 
392,667
 
 
 
594,110
 
 
 
562,260
 
 
 
20,023
 
Other intangible assets
 
 
2,402,450
 
 
 
3,576,606
 
 
 
3,733,377
 
 
 
132,955
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
42,688,903
 
 
$
50,466,841
 
 
$
51,259,065
 
 
$
1,825,465
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of depreciation by function
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
$
37,903,050
 
 
$
43,749,333
 
 
$
44,017,839
 
 
$
1,567,587
 
Operating expenses
 
 
2,383,403
 
 
 
3,140,902
 
 
 
3,507,849
 
 
 
124,923
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
40,286,453
 
 
$
46,890,235
 
 
$
47,525,688
 
 
$
1,692,510
 
Summary of Operating Expenses Directly Related to Investment Properties
 
Operating expenses directly related to investment properties
 
 
 
For the Year Ended December 31
 
 
2018
 
2019
 
2020
 
 
NT$
 
NT$
 
NT$
 
US$ (Note 4)
 
 
 
 
 
 
 
 
 
Direct operating expenses of investment properties that generated rental income
 
$
1,276,751
 
 
$
1,232,826
 
 
$
1,121,854
 
 
$
39,952
 
Summary of Employee Benefits Expense
 
f.
Employee benefits expense
 
 
 
For the Year Ended December 31
 
 
2018
 
2019
 
2020
 
 
NT$
 
NT$
 
NT$
 
US$ (Note 4)
 
 
 
 
 
 
 
 
 
Post-employment benefits
 
 
 
 
 
 
 
 
Defined contribution plans
 
$
2,965,054
 
 
$
3,148,209
 
 
$
2,979,167
 
 
$
106,096
 
Defined benefit plans
 
 
291,333
 
 
 
277,041
 
 
 
217,186
 
 
 
7,735
 
 
 
 
3,256,387
 
 
 
3,425,250
 
 
 
3,196,353
 
 
 
113,831
 
Equity-settled share-based payments
 
 
215,648
 
 
 
871,699
 
 
 
955,575
 
 
 
34,030
 
Other employee benefits
 
 
63,940,430
 
 
 
70,279,752
 
 
 
76,648,412
 
 
 
2,729,644
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
67,412,465
 
 
$
74,576,701
 
 
$
80,800,340
 
 
$
2,877,505
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of employee benefits expense by function
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
$
45,363,170
 
 
$
49,173,778
 
 
$
52,526,164
 
 
$
1,870,590
 
Operating expenses
 
 
22,049,295
 
 
 
25,402,923
 
 
 
28,274,176
 
 
 
1,006,915
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
67,412,465
 
 
$
74,576,701
 
 
$
80,800,340
 
 
$
2,877,505
 
Summary of Employees' Compensation and Remuneration to Directors
 
g.
Employees’ compensation and the remuneration to directors
The Articles stipulates to distribute employees’ compensation and remuneration to directors at the rates in 0.01%-1.00% and no higher than 0.75%, respectively, of net profit before income tax, employees’ compensation and remuneration to directors.
 
 
 
 
 
For the Year Ended December 31
 
 
2019
 
2020
 
 
Accrual  Rate (%)
 
Accrual  Amount
 
Accrual  Rate (%)
 
Accrual Amount
 
 
 
 
NT$
 
 
 
NT$
 
US$ (Note 4)
 
 
 
 
 
 
 
 
 
 
 
Employees’ compensation
 
 
0.20
 
 
$
34,400
 
 
 
0.20
 
 
$
54,909
 
 
$
1,955
 
Remuneration to directors
 
 
0.40
 
 
 
68,803
 
 
 
0.40
 
 
 
109,818
 
 
 
3,911
 
Summary of Appropriations of Employees' Compensation (Settled by Cash) and Remuneration to Directors
In March 2019 and 2020, the board of directors resolved the appropriations of employees’ compensation and remuneration to directors in cash for 2018 and 2019, respectively. The differences between the resolved amounts and the accrued amounts reflected in the annual consolidated financial statements for the years ended December 31, 2018 and 2019 were deemed changes in estimates. The differences were both NT$3 thousand (US$0.1 thousand) and were adjusted in net profit for each of the year ended December 31, 2019 and 2020, respectively.
 
 
 
For Year 2018
 
For Year 2019
 
 
Employees’ compensation
 
Remuneration to directors
 
Employees’ compensation
 
Remuneration to directors
 
 
NT$
 
NT$
 
NT$
 
NT$
 
 
 
 
 
 
 
 
 
Resolved by the board of directors
 
$
45,430
 
 
$
34,070
 
 
$
34,400
 
 
$
68,800
 
Recognized in the consolidated financial statements
 
$
45,430
 
 
$
34,073
 
 
$
34,400
 
 
$
68,803