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Long-term bank loans
12 Months Ended
Dec. 31, 2020
Statement [LineItems]  
Long-term bank loans
17.
Long-term bank loans
 
Type of loans
  
Period and payment term
  
December 31,
2019
 
 
December 31,
2020
 
 
  
 
  
NT$000
 
 
NT$000
 
Syndicated bank loan
  
Borrowing period is from May 30, 2018 to May 30, 2023; interest is repayable monthly; principal is repayable semi-annually from November 30, 2018
  
 
9,066,000
 
 
 
3,310,000
 
Government granted bank loans
  
Borrowing period is from March 11, 2020 to February 15, 2030; interest is repayable monthly; principal is repayable monthly from March 15, 2023
  
 
—  
 
 
 
4,505,000
 
Less: Fee on syndicated bank loan
  
 
  
 
(24,355
 
 
(17,223
Less: Unamortized interest on government granted bank loans
  
 
  
 
—  
 
 
 
(64,212
Less: Current portion (fee included)
  
 
  
 
(748,419
 
 
(748,353
 
  
 
  
 
 
 
 
 
 
 
 
  
 
  
 
8,293,226
 
 
 
6,985,212
 
 
  
 
  
 
 
 
 
 
 
 
Interest rate range
  
 
  
 
1.7895
 
 
0.65%~1.7895
 
  
 
  
 
 
 
 
 
 
 
Unused credit lines of long-term
NT$000
  
 
  
 
1,800,000
 
 
 
11,239,000
 
 
  
 
  
 
 
 
 
 
 
 
 
 
 a)
On January 1, 2019, Ministry of Economic Affairs, ROC (“MOEA”) implemented the “Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan” and companies are subsidized with preferential interest loans for qualified investment projects. The Company has obtained the qualification from the MOEA, and signed loan agreements with financial institutions during January and March 2020 with the line of credit amounted to NT$12.144 billion and terms from seven to ten years. Funding from these loans was used to invest in machineries, equipment and plant expansions and broaden the Company’s working capital.
 
 b)
On May 15, 2018, the Company entered into a syndicated loan with eleven banks in Taiwan, including Taiwan Cooperative Bank, in the amount of NT$12 billion with a term of five years. Funding from this syndicated loan was used to repay the existing debt of financial institutions and broaden the Company’s working capital. Pursuant to the syndicated loan agreement, the Group is required to maintain certain financial ratios including current ratio, interest protection multiples and debt to equity ratio during the loan periods.
 
 c)
Information about the items related to the long-term bank loans that are pledged to others as collaterals is provided in Note 37.