
	Land			Buildings and Improvements			Right-of-use Assets			Total
	NT$			NT$			NT$			NT$

Cost

Balance at January 1, 2021	$	35,965		$	7,822,805		$	6,738,913		$	14,597,683
Disposals		—			(5,350	)		—			(5,350	)
Disposal of subsidiaries (Note 30)		—			(1,290,187	)		(87,412	)		(1,377,599	)
Reclassification (Note 12)		(393	)		9,818,133			3,398,139			13,215,879
Effects of foreign currency exchange differences		—			30,697			(6,962	)		23,735


Balance at December 31, 2021	$	35,572		$	16,376,098		$	10,042,678		$	26,454,348


Accumulated depreciation

Balance at January 1, 2021	$	—		$	1,342,467		$	717,133		$	2,059,600
Depreciation expenses		—			482,625			268,422			751,047
Disposals		—			(3,671	)		—			(3,671	)
Disposal of subsidiaries (Note 30)		—			(570,403	)		(19,946	)		(590,349	)
Reclassification		—			2,014,201			78,914			2,093,115
Effects of foreign currency exchange differences		—			6,927			(7,108	)		(181	)


Balance at December 31, 2021	$	—		$	3,272,146		$	1,037,415		$	4,309,561


Carrying amount at December 31, 2021	$	35,572		$	13,103,952		$	9,005,263		$	22,144,787


	Land		Buildings and Improvements			Right-of-use Assets			Total
	NT$		NT$			NT$			NT$

Cost

Balance at January 1, 2022	$	35,572	$	16,376,098		$	10,042,678		$	26,454,348
Additions		—		114,786			—			114,786
Disposals		—		(9,770	)		—			(9,770	)
Reclassification		—		39,158			(10,314	)		28,844
Effects of foreign currency exchange differences		—		237,171			143,516			380,687


Balance at December 31, 2022	$	35,572	$	16,757,443		$	10,175,880		$	26,968,895


Accumulated depreciation

Balance at January 1, 2022	$	—	$	3,272,146		$	1,037,415		$	4,309,561
Depreciation expenses		—		779,431			327,583			1,107,014
Disposals		—		(8,354	)		—			(8,354	)
Reclassification		—		(198,631	)		(12,186	)		(210,817	)
Effects of foreign currency exchange differences		—		23,515			18,884			42,399

Balance at December 31, 2022	$	—	$	3,868,107		$	1,371,696		$	5,239,803


Carrying amount at December 31, 2022	$	35,572	$	12,889,336		$	8,804,184		$	21,729,092


	Land		Buildings and Improvements			Right-of-use Assets			Total
	NT$		NT$			NT$			NT$

Cost

Balance at January 1, 2023	$	35,572	$	16,757,443		$	10,175,880		$	26,968,895
Additions		—		35,304			—			35,304
Reclassification		—		(182,588	)		(12,233	)		(194,821	)
Effects of foreign currency exchange differences		—		(298,273	)		(171,087	)		(469,360	)


Balance at December 31, 2023	$	35,572	$	16,311,886		$	9,992,560		$	26,340,018


Accumulated depreciation

Balance at January 1, 2023	$	—	$	3,868,107		$	1,371,696		$	5,239,803
Depreciation expenses		—		766,322			325,557			1,091,879
Reclassification		—		(51,031	)		(4,309	)		(55,340	)
Effects of foreign currency exchange differences		—		(80,078	)		(25,362	)		(105,440	)

Balance at December 31, 2023	$	—	$	4,503,320		$	1,667,582		$	6,170,902


Carrying amount at December 31, 2023	$	35,572	$	11,808,566		$	8,324,978		$	20,169,116


	Land		Buildings and Improvements			Right-of-use Assets			Total
	US$ (Note 4)		US$ (Note 4)			US$ (Note 4)			US$ (Note 4)

Cost

Balance at January 1, 2023	$	1,162	$	547,271		$	332,328		$	880,761
Additions		—		1,153			—			1,153
Reclassification		—		(5,963	)		(400	)		(6,363	)
Effects of foreign currency exchange differences		—		(9,741	)		(5,587	)		(15,328	)


Balance at December 31, 2023	$	1,162	$	532,720		$	326,341		$	860,223


Accumulated depreciation

Balance at January 1, 2023	$	—	$	126,326		$	44,798		$	171,124
Depreciation expenses		—		25,027			10,632			35,659
Reclassification		—		(1,667	)		(141	)		(1,808	)
Effects of foreign currency exchange differences		—		(2,615	)		(828	)		(3,443	)

Balance at December 31, 2023	$	—	$	147,071		$	54,461		$	201,532


Carrying amount at December 31, 2023	$	1,162	$	385,649		$	271,880		$	658,691

Construction in progress located on Hutai Road in Shanghai was completed in 2021 and immediately leased out for shopping centers business. As a result, the Group reclassified those buildings and land use right under the line item of “inventories related to real estate - construction in progress” to investment properties with amount of NT$9,722,579 thousand.

The abovementioned investment properties were leased out for 1 to 20 years, with an option to extend for an additional lease term. The lease contracts contain market review clauses in the event that the lessees exercise their options to extend. The lessees do not have bargain purchase options to acquire the investment properties at the expiry of the lease term.

In addition to fixed lease payments, some of the lease contracts also indicated that the lessees should make variable payments determined at a specific percentage of the excess of respective lessee’s monthly revenues over a specific amount.


	December 31
	2022		2023
	NT$		NT$		US$ (Note 4)

Year 1	$	1,683,010	$	1,596,827	$	52,150
Year 2		1,380,058		1,333,442		43,548
Year 3		1,119,779		1,154,877		37,716
Year 4		990,867		893,353		29,176
Year 5		808,851		687,266		22,445
Year 6 onwards		2,492,305		1,777,808		58,060


	$	8,474,870	$	7,443,573	$	243,095

Because the market conditions were severely affected by

COVID-19

in 2021 and 2022, the Group agreed to provide unconditional rent concessions for some lease contracts. The rent concessions were accounted for as adjustments to related income over the remaining lease term. For the years ended December 31, 2021 and 2022, total amount from the rent concessions were NT$3,865 thousand and NT$114,538 thousand, respectively.

The fair value of the investment properties was measured using the market approach and the income approach based on level 3 inputs by independent professional appraisers. The significant unobservable inputs were discount rates. The fair value of the investment properties was as follows: