ChipMOS TECHNOLOGIES (Bermuda) LTD. News
ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2007 RESULTS
HSINCHU, Taiwan, March 19 Xinhua-PRNewswire-FirstCall — — Net debt to equity ratio reduced by 24.1% from 3Q 07 to 4Q 07
ChipMOS TECHNOLOGIES (
Net revenue on a US GAAP basis for the fourth quarter of 2007 was NT$6,101.6 million or US$188.1 million, an increase of 3.1% from NT$5,920.8 million or US$182.6 million for the same period in 2006 and an increase of 2.7% from NT$5,939.4 million or US$183.1 million in the third quarter of 2007. Under US GAAP, the gross margin for the fourth quarter of 2007 was 24.6%, compared to 31.7% for the same period in 2006 and 24.2% for the third quarter of 2007.
Net income on a US GAAP basis for the fourth quarter of 2007 was NT$1,231.8 million or US$38.0 million, and NT$14.70 or US$0.45 per basic common share, compared to NT$1,268.8 million or US$39.1 million, and NT$15.24 or US$0.47 per basic common share, for the third quarter of 2007. Net income under US GAAP includes non-cash gains for changes in the fair value of the embedded derivative liabilities of NT$554.4 million or US$17.1 million and amortization of discount on convertible notes of NT$84.2 million or US$2.6 million for the fourth quarter of 2007 and non-cash gains for changes in the fair value of the embedded derivative liabilities of NT$759.6 million or US$23.4 million and amortization of discount on convertible notes of NT$91.1 million or US$2.8 million for the third quarter of 2007. Excluding the above special items regarding the convertible notes, non-GAAP adjusted net income for the fourth quarter of 2007 was NT$761.6 million or US$23.5 million, and NT$9.09 or US$0.28 per basic common share, compared to non-GAAP adjusted net income of NT$600.3 million or US$18.5 million, and NT$7.21 or US$0.22 per basic common share in the third quarter of 2007.
Under US GAAP, net revenue for the fiscal year ended
The unaudited consolidated financial results of ChipMOS for the fourth quarter ended
S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "We successfully achieved revenue growth over both the prior quarter and the fourth quarter of 2006, as well as on year-over-year basis, despite continued pricing pressure in DRAM products. We also increased our gross margin to 24.6% in the fourth quarter, compared to 24.2% in the third quarter of 2007. We will continue our efforts in cost reduction in 2008 to enhance profitability measures that added to our performance in 2007. In addition, revenue derived from our flash business increased by 16.2% in the fourth quarter of 2007 from the third quarter of 2007 as we increased our business with a strategic NOR flash customer, as well as gaining other new business from both
S.K. Chen, Chief Financial Officer of ChipMOS, said, "Our CapEx in the fourth quarter of 2007 was US$37.3 million, which was down from US$39.9 million in the third quarter of 2007. The improved cash flow in 2007 made our net debt to equity ratio significantly reduced from 97.6% in the third quarter of 2007 to 73.5% on the fourth quarter of 2007. Our net debt is calculated by subtracting cash and cash equivalents and financial assets at fair value through profit or loss from the sum of short-term bank loans, long-term debts and current portion of long-term debts. We intend to remain conservative with our capital expenditures going forward to generate more free cash flow from our operation, and we intend to use the cash savings to reduce our debt."
Selected Operation Data 4Q07 3Q07 FY07 Revenue by segment Testing 50% 48% 49% Assembly 34% 36% 34% LCD Driver 16% 16% 17% Utilization by segment Testing 81% 77% 78% Assembly 86% 90% 86% LCD Driver 69% 71% 71% Overall 81% 80% 80% CapEx US$37.3 US$39.9 US$187.9 million million million Testing 52% 77% 50% Assembly 42% 14% 34% LCD Driver 6% 9% 16% Depreciation and amortization US$55.6 US$53.3 US$213.4 expenses (US GAAP) million million million
First Quarter 2008 Outlook
Considering all the negative impacts as: low capacity DRAM utilization rate, DRAM price erosion, seasonality in driver IC demand, and fewer working days in the first quarter, ChipMOS currently expects revenue for the first quarter of 2008 to be in the range of approximately US$144 million to US$150 million, which would represent approximately 20% to 23% decline compared to the fourth quarter of 2007. The Company currently expects US GAAP gross margin on a consolidated basis for the first quarter of 2008 to be in the range of approximately 8% to 11%, primarily due to lower capacity utilization. While we expect the market to be difficult in the first quarter of 2008, ChipMOS expects to have sufficient cash flow, and will continue its efforts on its cost savings to maintain profitability.
Investor Conference Call / Webcast Details
ChipMOS will review detailed fourth quarter 2007 results on
About ChipMOS TECHNOLOGIES (
ChipMOS ( http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Use of Non-GAAP Information
Readers are reminded that non-GAAP numbers contained in this announcement are merely a supplement to, and not a replacement for, the GAAP financial measures. These non-GAAP numbers should be read in conjunction with the US GAAP financial measures. It should be noted as well that the non-GAAP information provided in this announcement may be different from the non-GAAP information provided by other companies.
— FINANCIAL TABLES FOLLOW BELOW — ChipMOS TECHNOLOGIES (Bermuda) LTD. CONSOLIDATED INCOME STATEMENT For the Three Months and the Year Ended December 31, 2007, 2006 Figures in Million of U.S. dollars (USD) (1) Except for Per Share Amounts and Shares Outstanding ROC GAAP 3 months ended Year ended Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2007 2006 2007 2006 (Unaudited) (Unaudited) (Unaudited) (Audited) USD USD USD USD Net Revenue 188.1 182.6 727.6 628.3 Cost of Revenue 140.9 124.5 537.9 439.5 Gross Profit 47.2 58.1 189.7 188.8 Operating Expenses Research and Development 2.6 2.6 9.9 8.5 Sales and Marketing 0.7 0.9 3.0 3.3 General and Administrative 8.5 7.2 33.0 25.1 Total Operating Expenses 11.8 10.7 45.9 36.9 Income from Operations 35.4 47.4 143.8 151.9 Non-Operating Income (Expenses), Net (7.1) (0.7) (20.7) (6.9) Income before Income Tax, Minority Interests and Interest in Bonuses Paid by Subsidiaries 28.3 46.7 123.1 145.0 Income Tax Benefit (Expense) 0.6 (6.5) (23.7) (19.6) Income before Minority Interests and Interest in Bonuses Paid by Subsidiaries 28.9 40.2 99.4 125.4 Cumulative Effect of Change in Accounting Principles — — — 0.1 Minority Interests (1.4) (17.9) (22.2) (55.5) Interest in Bonuses Paid by Subsidiaries — — (8.8) (4.6) Net Income 27.5 22.3 68.4 65.4 Earnings Per Share — Basic 0.33 0.32 0.85 0.95 Shares Outstanding (in thousands) — Basic 83,821 69,891 80,305 68,781 Net Income — Diluted 31.4 21.73 80.9 68.1 Earnings Per Share — Diluted 0.28 0.22 0.75 0.77 Shares Outstanding (in thousands) — Diluted 111,045 99,087 108,207 88,296 ChipMOS TECHNOLOGIES (Bermuda) LTD. CONSOLIDATED INCOME STATEMENT For the Three Months and the Year Ended December 31, 2007 Figures in Million of U.S. dollars (USD) (1) Except for Per Share Amounts and Shares Outstanding US GAAP 3 months Year ended ended Dec. 31, Dec. 31, 2007 2007 (Unaudited) (Unaudited) USD USD Net Revenue 188.1 727.6 Cost of Revenue 141.9 539.5 Gross Profit 46.2 188.1 Operating Expenses Research and Development 2.6 9.9 Sales and Marketing 0.7 3.0 General and Administrative 14.0 52.3 Total Operating Expenses 17.3 65.2 Income from Operations 28.9 122.9 Non-Operating Income (Expenses), Net 10.3 11.0 Income before Income Tax, Minority Interests and Interest in Bonuses Paid by Subsidiaries 39.2 133.9 Income Tax Benefit (Expense) (0.3) (24.4) Income before Minority Interests and Interest in Bonuses Paid by Subsidiaries 38.9 109.5 Cumulative Effect of Change in Accounting Principles — — Minority Interests (0.9) (20.0) Interest in Bonuses Paid by Subsidiaries — — Net Income 38.0 89.5 Earnings Per Share -Basic 0.45 1.11 Shares Outstanding (in thousands) — Basic 83,821 80,305 Net Income — Diluted 24.4 70.3 Earnings Per Share — Diluted 0.22 0.65 Shares Outstanding (in thousands) — Diluted 111,045 108,207 Note (1): All U.S. dollar figures in this release are based on the exchange rate of NT$32.43 against US$1.00 as of Dec. 31, 2007. The convenience translation should not be construed as representations that the NT Dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. ChipMOS TECHNOLOGIES (Bermuda) LTD. CONSOLIDATED INCOME STATEMENT For the Three Months and the Year Ended December 31, 2007, 2006 Figures in Million of NT dollars (NTD) Except for Per Share Amounts and Shares Outstanding ROC GAAP 3 months ended Year ended Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2007 2006 2007 2006 (Unaudited) (Unaudited) (Unaudited) (Audited) NTD NTD NTD NTD Net Revenue 6,101.6 5,920.8 23,579.6 20,375.2 Cost of Revenue 4,569.0 4,037.3 17,444.1 14,253.3 Gross Profit 1,532.6 1,883.5 6,153.5 6,121.9 Operating Expenses Research and Development 85.3 84.6 322.3 274.8 Sales and Marketing 24.2 28.1 98.3 107.5 General and Administrative 273.9 235.3 1,070.5 813.0 Total Operating Expenses 383.4 348.0 1,491.1 1,195.3 Income from Operations 1,149.2 1,535.5 4,662.4 4,926.6 Non-Operating Income (Expenses), Net (231.8) (22.1) (669.2) (223.2) Income before Income Tax, Minority Interests and Interest in Bonuses Paid by Subsidiaries 917.4 1,513.4 3,993.2 4,703.4 Income Tax Benefit (Expense) 21.1 (211.7) (768.2) (636.5) Income before Minority Interests and Interest in Bonuses Paid by Subsidiaries 938.5 1,301.7 3,225.0 4,066.9 Cumulative Effect of Change in Accounting Principles — — — 3.3 Minority Interests (45.8) (579.8) (720.0) (1,799.4) Interest in Bonuses Paid by Subsidiaries — — (285.8) (149.5) Net Income 892.7 721.9 2,219.2 2,121.3 Earnings Per Share — Basic 10.65 10.33 27.63 30.84 Shares Outstanding (in thousands) — Basic 83,821 69,891 80,305 68,781 Net Income — Diluted 1,019.4 704.8 2,622.5 2,207.2 Earnings Per Share — Diluted 9.18 7.11 24.24 25.00 Shares Outstanding (in thousands) — Diluted 111,045 99,087 108,207 88,296 ChipMOS TECHNOLOGIES (Bermuda) LTD. CONSOLIDATED INCOME STATEMENT For the Three Months and the Year Ended December 31, 2007 Figures in Million of NT dollars (NTD) Except for Per Share Amounts and Shares Outstanding US GAAP 3 months Year ended ended Dec. 31, Dec. 31, 2007 2007 (Unaudited) (Unaudited) NTD NTD Net Revenue 6,101.6 23,597.6 Cost of Revenue 4,603.0 17,496.7 Gross Profit 1,498.6 6,100.9 Operating Expenses Research and Development 85.3 322.3 Sales and Marketing 24.2 98.3 General and Administrative 451.6 1,694.1 Total Operating Expenses 561.1 2,114.7 Income from Operations 937.5 3,986.2 Non-Operating Income (Expenses), Net 333.6 354.7 Income before Income Tax, Minority Interests and Interest in Bonuses Paid by Subsidiaries 1,271.1 4,340.9 Income Tax Benefit (Expense) (10.9) (791.9) Income before Minority Interests and Interest in Bonuses Paid by Subsidiaries 1,260.2 3,549.0 Cumulative Effect of Change in Accounting Principles — — Minority Interests (28.4) (647.3) Interest in Bonuses Paid by Subsidiaries — — Net Income 1,231.8 2,901.7 Earnings Per Share — Basic 14.70 36.13 Shares Outstanding (in thousands)— Basic 83,821 80,305 Net Income — Diluted 792.6 2,279.5 Earnings Per Share — Diluted 7.14 21.07 Shares Outstanding (in thousands)— Diluted 111,045 108,207 ChipMOS TECHNOLOGIES (Bermuda) LTD. RECONCILIATION OF US GAAP NET INCOME TO NON-GAAP NET INCOME (UNAUDITED) For the Three Months Ended Dec. 31 and Sep. 30, 2007, and the Year Ended 2007 Figures in Million of U.S. dollars (USD) (1) Except for Per Share Amounts
Use of Non-GAAP Financial Information
To supplement our consolidated income statement (unaudited) for the three months and the year ended
For these reasons, management uses non-GAAP adjusted measures of net income and non-GAAP net income per share to evaluate the performance of our core businesses, to estimate future core performance and to compensate employees. In addition, this information facilitates our management's internal comparisons to our historical operating results as well as to the operating results of our competitors.
The Company's management finds these supplemental non-GAAP measures to be useful, and we believe these non-GAAP measures are useful to investors in enabling them to perform additional analyses of past, present and future operating performance and as a supplemental means to evaluate our core operating results. However, readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, US GAAP financial measures. They should be read in conjunction with the US GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.
3 months ended Year ended Dec. 31, Sep. 30, Dec. 31, 2007 2007 2007 US GAAP Net Income (Basic) 38.0 39.1 89.5 Special Items (in Non-Operating Income (Expenses), Net) Changes in the fair value of the embedded derivative liabilities(2) (17.1) (23.4) (35.7) Amortization of discount on convertible notes(3) 2.6 2.8 11.0 Total Special Items (14.5) (20.6) (24.7) Non-GAAP Adjusted Net Income (Basic) 23.5 18.5 64.8 US-GAAP Net Income Per Share (Basic) 0.45 0.47 1.11 Adjustment for special items (0.17) (0.25) (0.30) Non-GAAP Net Income Per Share (Basic) 0.28 0.22 0.81 US-GAAP Net Income Per Share (Diluted) 0.22 0.17 0.65 Adjustment for special items — — — Non-GAAP Net Income Per Share (Diluted)(4) 0.22 0.17 0.65 Notes: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$32.43 against US$1.00 as of Dec. 31, 2007. The convenience translation should not be construed as representations that the NT Dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. (2) The Company's management believes excluding non-cash special item for the changes in the fair value of the embedded derivative liabilities from its non-GAAP financial measure of net income is useful for itself and investors as such gain (expense) does not have any impact on cash available to the Company. (3) The Company's management believes excluding non-cash amortization expense of discount on convertible notes from its non-GAAP financial measure of net income is useful for itself and investors as such expense does not have any impact on cash available to the Company. (4) Non-GAAP diluted net income per share for the third quarter and the fourth quarter of 2007 are US$0.17 and US$0.22, respectively, same as those under US GAAP, since US GAAP adjusted diluted net income has excluded the two non-cash special items for non-GAAP reconciliation. ChipMOS TECHNOLOGIES (Bermuda) LTD. NON-GAAP CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) (Excluding non-cash items for changes in the fair value of the embedded derivative liabilities and amortization of discount on convertible notes) For the Three Months Ended Dec. 31 and Sep. 30, 2007 and Year Ended Dec. 31, 2007 Figures in Million of U.S. dollars (USD) (1) Except for Per Share Amounts and Shares Outstanding 3 months ended Year ended Dec. 31, Sep. 30, Dec. 31, 2007 2007 2007 Net Revenue 188.1 183.1 727.6 Cost of Revenue 141.9 138.8 539.5 Gross Profit 46.2 44.3 188.1 Operating Expenses Research and Development 2.6 2.4 9.9 Sales and Marketing 0.7 0.6 3.0 General and Administrative 14.0 11.7 52.3 Total Operating Expenses 17.3 14.7 65.2 Income from Operations 28.9 29.6 122.9 Non-Operating Expenses, Net(2) (4.2) (3.6) (13.7) Income before Income Tax and Minority Interests(2) 24.7 26.0 109.2 Income Tax Expense (0.3) (4.7) (24.4) Income before Minority Interests(2) 24.4 21.3 84.8 Minority Interests (0.9) (2.8) (20.0) Net Income(2) 23.5 18.5 64.8 Earnings Per Share — Basic(2) 0.28 0.22 0.81 Shares Outstanding (in thousands) — Basic 83,821 83,252 80,305 Earnings Per Share — Diluted(2) 0.22 0.17 0.65 Shares Outstanding (in thousands) — Diluted 111,045 111,458 108,207 Note: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$32.43 against US$1.00 as of Dec. 31, 2007. The convenience translation should not be construed as representations that the NT Dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. (2) The amount presented is not prepared in accordance with US GAAP and does not include non-cash income for changes in the fair value of the embedded derivative liabilities of NT$554.4 million or US$17.1 million and amortization of discount on convertible notes of NT$84.2 million or US$2.6 million for the three months ended Dec. 31, 2007 and non- cash income for changes in the fair value of the embedded derivative liabilities of NT$759.6 million, or US$23.4 million, and amortization of discount on convertible notes of NT$91.1 million, or US$2.8 million, for the three months ended Sep. 30, 2007, and non-cash income for changes in the fair value of the embedded derivative liabilities of NT$1,156.8 million or US$35.7 million, and the amortization of discount on convertible notes of NT$357.5 million or US$11.0 million for the year ended Dec 31, 2007. Please see \"Reconciliation of US GAAP Net Income to Non-GAAP Net Income (Unaudited)\" above. ChipMOS TECHNOLOGIES (Bermuda) LTD. CONSOLIDATED BALANCE SHEET As of Dec. 31, Sep. 30, 2007 and Dec. 31, 2006 Figures in Million of U.S. dollars (USD) (1) ROC GAAP US GAAP Dec. 31, Sep. 30, Dec. 31, Dec. 31, Sep. 30, Dec. 31, 2007 (Un- 2007 (Un- 2006 2007 (Un- 2007 (Un- 2006 audited) audited) (Audited) audited) audited)(Audited) ASSETS USD USD USD USD USD USD Cash and Cash Equivalents 158.3 121.5 181.8 158.3 121.5 181.8 Financial Assets at Fair Value Through Profit or Loss 17.1 19.0 59.5 17.1 19.0 59.5 Accounts and Notes Receivable 164.1 179.1 156.0 164.1 179.1 156.0 Inventories 32.2 25.4 29.2 32.2 25.5 29.2 Other Current Assets 17.0 53.0 12.4 16.9 53.0 12.4 Total Current Assets 388.7 398.0 438.9 388.6 398.1 438.9 Long-term Investments 11.0 11.3 11.3 11.0 11.3 11.3 Property, Plant & Equipment-Net 925.7 940.1 940.3 920.8 936.0 936.7 Intangible Assets 5.6 5.5 10.9 5.6 5.5 13.8 Other Assets 66.4 51.5 17.4 69.8 55.0 17.0 Total Assets 1,397.4 1,406.4 1,418.8 1,395.8 1,405.9 1,417.7 LIABILITIES Current Liabilities Short-Term Bank Loans 38.5 104.0 32.5 38.5 104.0 32.5 Current Portion of Long-Term Debts 209.6 184.6 72.0 210.6 196.4 72.0 Accounts Payable and Payables to Contractors and Equipment Suppliers 44.1 35.6 55.4 44.1 35.6 55.4 Other Current Liabilities 58.5 53.2 48.1 71.9 63.2 62.3 Total Current Liabilities 350.7 377.4 208.0 365.1 399.2 222.2 Long-Term Liabilities Long-Term Debts 349.2 357.1 490.3 344.7 359.5 519.2 Other Liabilities 11.4 15.2 14.8 18.4 16.2 15.5 Total Lia- bilities 711.3 749.7 713.1 728.2 774.9 756.9 SHAREHOLDERS' EQUITY Capital Stock 0.8 0.8 0.7 0.8 0.8 0.7 Deferred Compensation (2.1) (1.2) (1.7) (3.9) (6.0) (9.3) Capital Surplus 384.7 383.4 301.3 374.6 374.4 291.6 Retained Earnings 194.0 166.9 133.3 195.8 158.2 114.1 Cumulated Translation Adjustments 8.6 6.4 2.1 8.6 6.4 2.1 Unrecognized Pension Cost - - - (6.3) (1.9) (1.4) Minority Interests 100.1 100.4 270.0 98.0 99.1 263.0 Total Equity 686.1 656.7 705.7 667.6 631.0 660.8 Total Liabilities & Share- holders' Equity 1,397.4 1,406.4 1,418.8 1,395.8 1,405.9 1,417.7 Note (1): All U.S. dollar figures in this release are based on the exchange rate of NT$32.43 against US$1.00 as of Dec. 31, 2007. The convenience translation should not be construed as representations that the NT Dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. ChipMOS TECHNOLOGIES (Bermuda) LTD. CONSOLIDATED BALANCE SHEET As of Dec. 31, Sep. 30, 2007 and Dec. 31, 2006 Figures in Million of NT dollars (NTD) ROC GAAP US GAAP Dec. 31, Sep. 30, Dec. 31, Dec. 31, Sep. 30, Dec. 31, 2007 2007 2006 2007 2007 2006 (Unaudited) (Unaudited) (Audited) (Un- (Un- (Audited) audited) audited) ASSETS NTD NTD NTD NTD NTD NTD Cash and Cash Equivalents 5,133.6 3,940.1 5,895.9 5,133.6 3,940.1 5,895.9 Financial Assets at Fair Value Through Profit or Loss 555.6 616.1 1,929.1 555.6 616.1 1,929.1 Accounts and Notes Receivable 5,322.7 5,807.4 5,060.8 5,322.7 5,807.4 5,060.8 Inventories 1,043.6 825.5 945.8 1,044.3 825.8 946.1 Other Current Assets 549.7 1,719.9 401.0 547.2 1,719.9 401.0 Total Current Assets 12,605.2 12,909.0 14,232.6 12,603.4 12,909.3 14,232.9 Long-term Investments 358.0 366.8 366.7 358.0 366.8 366.7 Property, Plant & Equipment-Net 30,020.4 30,486.5 30,494.3 29,861.6 30,355.7 30,377.7 Intangible Assets 180.4 177.2 353.0 180.4 177.2 446.7 Other Assets 2,152.1 1,669.5 565.3 2,262.6 1,785.2 552.1 Total Assets 45,316.1 45,609.0 46,011.9 45,266.0 45,594.2 45,976.1 LIABILITIES Current Liabilities Short-Term Bank Loans 1,249.2 3,373.3 1,055.3 1,249.2 3,373.3 1,055.3 Current Portion of Long-Term Debts 6,797.1 5,987.3 2,335.3 6,828.0 6,370.6 2,335.3 Accounts Payable and Payables to Contractors and Equipment Suppliers 1,430.2 1,154.2 1,796.2 1,430.2 1,154.2 1,796.2 Other Current Liabilities 1,897.7 1,724.5 1,560.7 2,331.9 2,048.2 2,020.2 Total Current Liabilities 11,374.2 12,239.3 6,747.5 11,839.3 12,946.3 7,207.0 Long-Term Liabilities Long-Term Debts 11,323.7 11,580.9 15,900.5 11,179.3 11,658.8 16,836.2 Other Liabilities 370.1 493.0 479.0 596.5 525.7 502.2 Total Liabilities 23,068.0 24,313.2 23,127.0 23,615.1 25,130.8 24,545.4 SHAREHOLDERS' EQUITY Capital Stock 27.5 27.5 23.0 27.5 27.5 23.0 Deferred Compensation (69.4) (39.8) (56.6) (125.0) (195.7) (303.1) Capital Surplus 12,475.9 12,433.4 9,771.9 12,147.3 12,142.2 9,458.0 Retained Earnings 6,291.0 5,411.4 4,322.2 6,350.8 5,131.5 3,698.9 Cumulated Translation Adjustments 277.5 206.9 68.1 277.5 206.9 68.1 Unrecognized Pension Cost - - - (205.8) (62.9) (44.7) Minority Interests 3,245.6 3,256.4 8,756.3 3,178.6 3,213.9 8,530.5 Total Equity 22,248.1 21,295.8 22,884.9 21,650.9 20,463.4 21,430.7 Total Liabilities & Shareholders' Equity 45,316.1 45,609.0 46,011.9 45,266.0 45,594.2 45,976.1 Contacts: In Taiwan Dr. S.K. Chen ChipMOS TECHNOLOGIES (Bermuda) LTD. Tel: +886-6-507-7712 Email: s.k._chen@chipmos.com In the U.S. Joseph Villalta The Ruth Group Tel: +1-646-536-7003 Email: jvillalta@theruthgroup.com
SOURCE ChipMOS TECHNOLOGIES (
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