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Effects on initial application of IFRS 9 and information for the years ended December 31, 2016 and 2017 in conformity with IAS 39 (Tables)

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Summary of Carrying Amount of Financial Assets Transferred

The carrying amount of financial assets transferred from December 31, 2017 under IAS 39 to January 1, 2018 under IFRS 9 is reconciled as follows:


																	Effects
	Note		Measured at cost			Measured at fair value through profit or loss		Measured at fair value through other comprehensive income		Other financial assets			Measured at amortized cost		Total		Retained earnings		Other equity interest
			NT$000			NT$000		NT$000		NT$000			NT$000		NT$000		NT$000		NT$000
IAS 39				20,890			—		—		70,241			—		91,131		—		—
Transferred into and measured at fair value through profit or loss		(c)		(10,940	)		10,940		—		—			—		—		—		—
Transferred into and measured at fair value through other comprehensive income		(b)		(9,950	)		—		9,950		—			—		—		—		—
Transfer into and measured at amortized cost		(a)		—			—		—		(70,241	)		70,241		—		—		—
Fair value adjustment		(b)(c)		—			493		50,801		—			—		51,294		493		79,385
Impairment loss adjustment		(b)		—			—		28,584		—			—		28,584		28,584		(28,584	)
Income tax adjustment		(b)		—			—		—		—			—		—		—		(8,636	)

IFRS 9				—			11,433		89,335		—			70,241		171,009		29,077		42,165

(a)

The Group’s restricted bank deposits that failed to meet the definition of cash and cash equivalents amounted to NT$70,241 thousand were classified as “Other financial assets” under IAS 39. Since the assets’ cash flows represent solely payments of principal and interest, the restricted bank deposits were reclassified as “Financial assets at amortized cost” amounted to NT$70,241 thousand on initial application of IFRS 9.

(b)

Given the Group’s

available-for-sale

financial assets amounted to NT$9,950 thousand under IAS 39 were not held for the purpose of trading, it was elected to classify as “Financial assets at fair value through other comprehensive income” and increased by NT$89,335 thousand on initial application of IFRS 9. Accompanying retained earnings, other equity interest and deferred tax liabilities were increased by NT$28,584 thousand, NT$42,165 thousand and NT$8,636 thousand, respectively.

(c)

The Group’s

available-for-sale

financial assets amounted to NT$10,940 thousand under IAS 39 were classified as “Financial assets at fair value through profit or loss” and increased by NT$11,433 thousand in compliance with IFRS 9. Accompanying retained earnings were increased by NT$493 thousand.

Summary of Significant Accounts

The significant account as of December 31, 2017 is as follows:

Available-for-sale

financial assets


	December 31, 2017
	NT$000
Unlisted equity investments, at cost		49,474
Less: Allowance for impairment losses		(28,584	)

		20,890

Summary of Ageing of Accounts Receivable which are Past Due But Not Impaired

(d)

The aging of accounts receivable which are past due but not impaired is as follows:


	December 31, 2017
	NT$000
£ 1 month		10,482
1 – 2 months		477
2 – 3 months		426
3 – 4 months		1,431
> 4 months		3,056

		15,872

Summary of Movements in Allowance for Impairment of Accounts and Other Receivables

(e)

The movements in allowance for impairment of accounts and other receivables during the year is as follows:


	Accounts receivable			Other receivables
	NT$000			NT$000
January 1, 2017		87			—
Reversal of allowance for impairment losses		(87	)		—

December 31, 2017		—			—