Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Subsidiary Acquired

Principal Activity

Date of
Acquisition

Proportion of
Voting Equity
Interests
Acquired (%)

Consideration Transferred

NT$

US$ (Note 4)

AMPI

Engaged in the manufacturing of integrated circuit

April 30, 2019

50.97

$ 250,000

ASEEE

Engaged in the production of embedded substrate

April 26, 2019

51.00

$ —

USIPL

Engaged in the design and manufacturing of electronic components and new electronic applications

October 31, 2019

60.00

$ 313,057

FAFG

Holding company and the group engaged in the design and manufacturing of electronic components

December 1, 2020

100.00

$ 12,443,637

ITGEU

Trading company

October 21, 2021

100.00

$ 50,368

$ 1,816

SER

Engaged in the design and manufacturing of electronic components

November 2, 2021

100.00

$ 217,919

$ 7,856

Summary of Consideration Transferred in business combination

Consideration Transferred


	AMPI		ASEEE		USIPL		FAFG (Retrospectively Adjusted)			ITGEU				SER
	NT$		NT$		NT$		NT$			NT$		US$ (Note 4)		NT$		US$ (Note 4)

Cash	$	250,000	$	—	$	313,057	$	11,094,802		$	50,368	$	1,816	$	217,919	$	7,856
Equity instrument issued		—		—		—		1,734,570			—		—		—		—
Contingent consideration arrangement		—		—		—		(385,735	)		—		—		—		—


Fair value of identifiable net assets acquired	$	250,000	$	—	$	313,057	$	12,443,637		$	50,368	$	1,816	$	217,919	$	7,856

Summary of Assets Acquired and Liabilities Assumed at the Date of Acquisition


	AMPI			ASEEE			USIPL			FAFG			ITGEU						SER
	NT$			NT$			NT$			NT$			NT$			US$ (Note 4)			NT$			US$ (Note 4)

Assets
Cash and cash equivalents	$	349,496		$	23,197		$	108,718		$	2,349,164		$	68,719		$	2,477		$	18,850		$	680
Trade and other receivables		371,144			5,732			58,713			4,434,296			41,832			1,508			40,671			1,466
Inventories		403,887			11,033			229			4,836,819			—			—			375,912			13,551
Property, plant and equipment		683,207			1,361,572			525,048			2,882,720			94			3			37,672			1,357
Intangible assets		128,900			290,757			11,704			1,541,155			32			1			368			14
Others		237,766			317,888			99,112			1,919,118			2,828			102			186,377			6,719
Liabilities
Trade and other payables		(224,295	)		(133,278	)		(217,887	)		(4,575,720	)		(29,165	)		(1,051	)		(214,883	)		(7,746	)
Borrowings and bonds payables		(951,519	)		(1,371,395	)		(190,737	)		(356,417	)		—			—			—			—
Others		(148,723	)		(290,273	)		(63,708	)		(3,155,051	)		(858	)		(31	)		(227,048	)		(8,185	)


Fair value of identifiable net assets acquired	$	849,863		$	215,233		$	331,192		$	9,876,084		$	83,482		$	3,009		$	217,919		$	7,856

Summary of Goodwill Recognized on Acquisition

Goodwill recognized on acquisitions or gain recognized in bargain purchase transaction


	AMPI			ASEEE			USIPL			FAFG			ITGEU						SER
	NT$			NT$			NT$			NT$			NT$			US$ (Note 4)			NT$			US$ (Note 4)

Consideration transferred	$	250,000		$	—		$	313,057		$	12,443,637		$	50,368		$	1,816		$	217,919		$	7,856
Add: Fair value of investments previously owned		315,925			117,609			—			—			—			—			—			—
Add: Non-controlling interests		416,716			105,464			142,494			289			—			—			—			—
Less: Fair value of identifiable net assets acquired		(849,863	)		(215,233	)		(331,192	)		(9,876,084	)		(83,482	)		(3,009	)		(217,919	)		(7,856	)


Goodwill recognized on acquisition (gain recognized in bargain purchase transaction)	$	132,778		$	7,840		$	124,359		$	2,567,842		$	(33,114	)	$	(1,193	)	$	—		$	—

Summary of Net Cash Outflow on Acquisition of Subsidiaries

Net cash outflow (inflow) on acquisition of subsidiaries


	AMPI			ASEEE			USIPL			FAFG			ITGEU						SER
	NT$			NT$			NT$			NT$			NT$			US$ (Note 4)			NT$			US$ (Note 4)

Consideration transferred	$	250,000		$	—		$	313,057		$	11,094,802		$	50,368		$	1,816		$	217,919		$	7,856
Less: Cash and cash equivalent acquired		(349,496	)		(23,197	)		(108,718	)		(2,349,164	)		(68,719	)		(2,477	)		(18,850	)		(680	)


Net cash outflow (inflow) on acquisition of subsidiaries	$	(99,496	)	$	(23,197	)	$	204,339		$	8,745,638		$	(18,351	)	$	(661	)	$	199,069		$	7,176

Summary of Impact of Acquisitions by Comprehensive Income

The results of operations since the acquisition date were included in the consolidated statements of comprehensive income and were as follows:


	AMPI (for the period from April 30, 2019 through December 31, 2019)			ASEEE (for the period from April 26, 2019 through December 31, 2019)			USIPL (for the period from October 31, 2019 through December 31, 2019)			FAFG (for the period from December 1, 2020 through December 31, 2020)		ITGEU (for the period from October 21, 2021 through December 31, 2021)						SER (for the period from November 2, 2021 through December 31, 2021)
	NT$			NT$			NT$			NT$		NT$			US$ (Note 4)			NT$			US$ (Note 4)

Operating revenue	$	704,243		$	(1,159	)	$	39,080		$	2,043,440	$	75,221		$	2,712		$	225,017		$	8,112

Net profit (loss)	$	(217,163	)	$	(469,598	)	$	(11,995	)	$	91,179	$	(4,593	)	$	(166	)	$	(508	)	$	(18	)

Summary of identification of the difference between the cost of the investment and the Group's share of FAFG's net fair value of identifiable assets and liabilities

As of December 31, 2021, the Group has completed the identification of the difference between the cost of the investment and the Group’s share of FAFG’s net fair value of identifiable assets and liabilities, and has retrospectively adjusted the comparative consolidated financial statements

as of and

for the year ended December 31, 2020. As of December 31, 2020, the retrospective adjustments are summarized as follows:


	December 31, 2020
	After Retrospectively Adjusted		Before Retrospectively Adjusted
	NT$		NT$

Consolidated balance sheet

Inventories	$	48,590,434	$	48,516,459

Financial assets at fair value through profit or loss – non-current	$	2,180,978	$	1,793,188

Property, plant and equipment	$	234,365,397	$	233,207,324

Right-of-use assets	$	8,741,807	$	8,620,612

Goodwill	$	52,709,053	$	54,777,439

Other intangible assets	$	27,711,771	$	26,808,668

Deferred tax liabilities	$	7,121,027	$	6,551,233

Non-controlling interests	$	15,622,009	$	15,616,053