Business Combinations (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Statement [LineItems] |
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| Summary of Subsidiary Acquired |
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| ITGEU |
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Trading company |
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October 21, 2021 |
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100.00 |
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$ |
50,368 |
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| SER |
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Engaged in the design and manufacturing of electronic components |
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November 2, 2021 |
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100.00 |
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$ |
217,919 |
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| Hirschmann |
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Holding company and the group engaged in the design and manufacturing of automotive components |
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October 27, 2023 |
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100.00 |
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$ |
2,016,595 |
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$ |
65,859 |
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| Summary of Consideration Transferred in business combination |
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b. |
Consideration transferred |
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| Cash |
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$ |
50,368 |
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$ |
217,919 |
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$ |
2,016,595 |
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$ |
65,859 |
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| Summary of Assets Acquired and Liabilities Assumed at the Date of Acquisition |
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c. |
Assets acquired and liabilities assumed at the date of acquisition |
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| Cash and cash equivalents |
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68,719 |
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$ |
18,850 |
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$ |
118,419 |
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$ |
3,867 |
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| Trade and other receivables |
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41,832 |
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40,671 |
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1,037,227 |
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33,874 |
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| Inventories |
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— |
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375,912 |
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1,040,663 |
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33,987 |
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| Property, plant and equipment |
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94 |
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37,672 |
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686,249 |
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22,412 |
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Intangible assets |
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32 |
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368 |
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— |
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— |
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Right-of-use assets |
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— |
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— |
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143,629 |
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4,691 |
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Others |
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2,828 |
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186,377 |
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182,769 |
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5,969 |
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Liabilities |
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Trade and other payables |
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(29,165 |
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(214,883 |
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(706,060 |
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(23,059 |
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Lease liabilities |
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— |
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— |
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(143,629 |
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(4,691 |
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Net defined benefit liabilities |
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— |
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— |
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(191,526 |
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(6,255 |
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Others |
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(858 |
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(227,048 |
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(156,293 |
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(5,104 |
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Fair value of identifiable net assets acquired |
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$ |
83,482 |
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$ |
217,919 |
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$ |
2,011,448 |
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$ |
65,691 |
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| Summary of Goodwill Recognized on Acquisition |
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d. |
Goodwill recognized on acquisitions or gain recognized in bargain purchase transaction |
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Consideration transferred |
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$ |
50,368 |
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$ |
217,919 |
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$ |
2,016,595 |
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$ |
65,859 |
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Less: Fair value of identifiable net assets acquired |
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(83,482 |
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(217,919 |
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(2,011,448 |
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(65,691 |
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Goodwill recognized on acquisition (gain recognized in bargain purchase transaction) |
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$ |
(33,114 |
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$ |
— |
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$ |
5,147 |
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$ |
168 |
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| Summary of Net Cash Outflow on Acquisition of Subsidiaries |
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e. |
Net cash outflow (inflow) on acquisition of subsidiaries |
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Consideration transferred |
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$ |
50,368 |
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$ |
217,919 |
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$ |
1,342,602 |
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$ |
43,847 |
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Less: Cash and cash equivalent acquired |
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(68,719 |
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(18,850 |
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(118,419 |
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(3,867 |
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Net cash outflow (inflow) on acquisition of subsidiaries |
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$ |
(18,351 |
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$ |
199,069 |
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$ |
1,224,183 |
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$ |
39,980 |
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| Summary of Impact of Acquisitions by Comprehensive Income |
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f. |
Impact of acquisitions on the results of the Group | The results of operations since the acquisition date included in the consolidated statements of comprehensive income and were as follows:
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from October 21,
2021 through |
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(for the period from October 27,
2023 through December 31, 2023) |
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Operating revenue |
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$ |
75,221 |
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$ |
225,017 |
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$ |
1,071,423 |
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$ |
34,991 |
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Net profit (loss) |
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$ |
(4,593 |
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$ |
(508 |
) |
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$ |
46,075 |
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$ |
1,505 |
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