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Investment in associates | 12 Months Ended
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Dec. 31, 2019
Investments accounted for using equity method [abstract] |
Investment in associates |
13. | Investment in associates
|  | December 31, 2018 |  |  | December 31, 2019 |
|  | NT$000 |  |  | NT$000 |
JMC ELECTRONICS CO., LTD. (“JMC”) |  |  | 406,792 |  |  |  | 249,793 |
Unimos Microelectronics (Shanghai) Co., Ltd. (“Unimos Shanghai”) |  |  | 3,456,949 |  |  |  | 3,143,117 |
|  |  | 3,863,741 |  |  |  | 3,392,910 |
| a) | In January 2018, ChipMOS BVI participated in Unimos Shanghai’s increase of paid-in capital based on its shareholding amounted to NT$794,694 thousand.
| b) | JMC has quoted market prices. As of December 31, 2018 and 2019, the fair value was NT$2,081,900 thousand and NT$807,000 thousand, respectively.
| c) | The Company’s investments in associates are based on the financial statements of investees for the reporting period. For the years ended December 31, 2018 and 2019, the Company recognized its share of loss of associates amounted to NT$300,101 thousand and NT$154,926 thousand, respectively.
| d) | To further strengthen financial structure, increase balance of working capital and reduce debt ratio, the Company’s Board of Directors adopted a resolution on April 2, 2019 to dispose of 9,100,000 common shares of JMC, which reduced the shareholding of equity investment in JMC to 10%. The disposal of shares was completed on April 8, 2019 for cash consideration of NT$1,180,179 thousand, and the Company recognized gain on disposal of investment in associates amounted to NT$973,609 thousand. JMC is still recognized as investment in associates given that the Company retains significant influence by holding two seats in JMC’s Board of Directors.
| e) | The basic information and summarized financial information of the associates of the Group are as follows:
| (a) | Basic information
|  |  |  | Shareholding ratio |  |  |  |
Company name |  | Principal place of business |  | December 31, 2018 |  | December 31, 2019 |  | Nature of relationship |  | Method of measurement
JMC |  | Kaohsiung, Taiwan |  | 19.10% |  | 10.00% |  | Strategic Investee |  | Equity method
Unimos Shanghai |  | Shanghai, PRC |  | 45.02% |  | 45.02% |  | Strategic Investee |  | Equity method
| (b) | Summarized financial information
Statements of financial position
|  | JMC |
|  | December 31, 2018 |  |  | December 31, 2019 |
|  | NT$000 |  |  | NT$000 |
Current assets |  |  | 1,106,789 |  |  |  | 1,347,546 |
Non-current assets |  |  | 1,699,498 |  |  |  | 2,457,975 |
Current liabilities |  |  | (817,697 | ) |  |  | (888,184 | )
Non-current liabilities |  |  | (103,922 | ) |  |  | (660,111 | )
Total net assets |  |  | 1,884,668 |  |  |  | 2,257,226 |
Share in associate’s net assets |  |  | 359,972 |  |  |  | 225,723 |
Goodwill |  |  | 46,820 |  |  |  | 24,070 |
Carrying amount of the associate |  |  | 406,792 |  |  |  | 249,793 |
|  | Unimos Shanghai |
|  | December 31, 2018 |  |  | December 31, 2019 |
|  | NT$000 |  |  | NT$000 |
Current assets |  |  | 3,946,082 |  |  |  | 3,042,377 |
Non-current assets |  |  | 3,254,687 |  |  |  | 3,499,819 |
Current liabilities |  |  | (554,160 | ) |  |  | (459,502 | )
Non-current liabilities |  |  | (442,306 | ) |  |  | (448,929 | )
Total net assets |  |  | 6,204,303 |  |  |  | 5,633,765 |
Share in associate’s net assets |  |  | 2,793,438 |  |  |  | 2,536,558 |
Depreciable assets |  |  | 644,718 |  |  |  | 584,441 |
Goodwill |  |  | 22,118 |  |  |  | 22,118 |
Inter-company transactions and amortization |  |  | (3,325 | ) |  |  | — |
Carrying amount of the associate |  |  | 3,456,949 |  |  |  | 3,143,117 |
Statements of comprehensive income
|  | JMC |
|  | Year ended December 31, |
|  | 2017 |  |  | 2018 |  |  | 2019 |
|  | NT$000 |  |  | NT$000 |  |  | NT$000 |
Revenue |  |  | 1,322,928 |  |  |  | 1,931,008 |  |  |  | 3,017,155 |
Profit for the year from continuing operations |  |  | 4,414 |  |  |  | 219,544 |  |  |  | 524,347 |
Other comprehensive income (loss), net of income tax |  |  | 2,903 |  |  |  | (14,074 | ) |  |  | 48,211 |
Total comprehensive income |  |  | 7,317 |  |  |  | 205,470 |  |  |  | 572,558 |
Dividends received from the associate |  |  | 14,325 |  |  |  | 5,730 |  |  |  | 20,000 |
|  | Unimos Shanghai |
|  | Year ended December 31, |
|  | 2017 |  |  | 2018 |  |  | 2019 |
|  | NT$000 |  |  | NT$000 |  |  | NT$000 |
Revenue |  |  | 1,141,415 |  |  |  | 1,334,196 |  |  |  | 1,584,648 |
Loss for the year from continuing operations |  |  | (348,472 | ) |  |  | (629,303 | ) |  |  | (352,008 | )
Other comprehensive income (loss), net of income tax |  |  | — |  |  |  | — |  |  |  | — |
Total comprehensive loss |  |  | (348,472 | ) |  |  | (629,303 | ) |  |  | (352,008 | )
Dividends received from the associate |  |  | — |  |  |  | — |  |  |  | — |
According to IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”, total comprehensive income of Unimos Shanghai for the three months ended March 31, 2017 is included in the Group’s consolidated statements of comprehensive income with the adjustments of ceasing to recognize depreciation and amortization expenses and the elimination of inter-companies’ transactions. Information about discontinued operations is provided in Note 20.

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