TW Earnings Company4721498013

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Table of contents
project page
1
1. Cover 2, Contents
3, Accountant's Audit 2
3
Report 4, Balance Sheet 5,
Comprehensive Income Statement 4
6, Equity Change Statement 7, Cash 5
Flow Statement 8, Notes to Individual 6
Financial Statements 7
8
(1) Company history
8
(2) Date and procedures for the adoption of financial reports
(3) Application of new and revised standards and interpretations

8ÿ9
(4) Summary statement of significant accounting policies

9ÿ19
19
(5) Major sources of uncertainty in accounting judgments, estimates and assumptions
(6) Explanation of important accounting items

19ÿ41
(7) Transactions with related parties

41ÿ45
45
(8) Pledged assets
45
(9) Significant contingent liabilities and unrecognized contractual commitments
46
(10) Serious disaster losses
46
(11) Significant post-period events
46
(12) Others (13) Notes disclosed
1. Information about major transactions

47ÿ51
2. Information on reinvestment business

52ÿ53
3. Mainland Investment Information

53ÿ54
54
4. Information of major shareholders
54
(XIV) Departmental
Information IX. Detail table of important accounting items 55ÿ65
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KPMG
68th Floor, No. 7, Section 5, Xinyi Road, Taipei 110615 (Taipei 101 Building) Telephone + 886 2 8101 6666
68F., TAIPEI 101 TOWER, No. 7, Sec. 5, Xinyi Tel Fax Fax + 886 2 8101 6667
Road, Taipei City 110615, Taiwan (R.O.C.) Website Web home.kpmg/tw
KPMG, a Taiwan partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.
Fengtai Enterprise Co., Ltd.

Notes to the Individual
Financial Report of the Republic of China
110 and 109 (Unless otherwise stated, all amounts are in NT$ thousand)
1. Company history
Fengtai Enterprise Co., Ltd. (hereinafter referred to as "the company") was founded in the 60th year of the Republic of China. Its main business is the
manufacture of sports shoes; other business items include casual shoes, inline roller shoes, skate shoes, snowboard boots, bicycle shoes, R&D and
production of golf balls, soccer balls, backpack bags, ice hockey helmets and clubs, shoe parts, shoe molds and tools. Headquartered in Yunlin Science and
Technology Industrial Park, the company manages order management, product development, technical research, finished products and shoe material trade,
and continues to cultivate management talents for multinational companies; mass production plants are located in China, Vietnam, Indonesia and India .
2. Dates and procedures for the adoption of financial reports
This individual financial report has been approved and released by the board of directors on March 18, 2011.
3. Application of Newly Issued and Revised Standards and Interpretations
(1) Impact of new and revised standards and interpretations approved by the Financial Supervisory Commission
The company has been applying the following newly revised IFRS since January 1, 110, and has not had a significant impact on
individual financial reports. • Amendment to IFRS 4 "Extension of Temporary Exemption from Application of IFRS 9" • IFRS 9, IAS 39, IFRS
7, Amendments to IFRS 4 and IFRS 16
Phase II
• Amendment to IFRS No. 16 "Novel Coronavirus Pneumonia after June 30, 110
“Inflammation-related rent concessions”
(2) The impact of not adopting IFRS recognized by the FSC
The company evaluates the application of the following newly revised international financial reporting standards effective from January 1, 2011
Therefore, it will not have a significant impact on the individual financial
report. • Amendments to IAS 16 "Property, Plant and Equipment - Value before reaching the intended state of use"
payment"
• Amendments to IAS 37 "Onerous Contracts - Costs of Fulfilling Contracts"
• Annual Improvements to IFRS 2018-2020 Cycle • Amendments to IFRS 3
"Reference to Conceptual Frameworks"
ÿ8ÿ
Notes to the Individual Financial Report of Fengtai Enterprise Co., Ltd. (continued)
(3) Newly issued and revised standards and interpretations not yet approved by the FSC
The Company does not expect the following newly issued and revised standards that have not yet been endorsed to have a material impact on individual financial reporting
ring. •
IFRS 10 and Amendments to IAS 28 "Sales or contributions of assets between investors and their affiliates or joint ventures" • IFRS 17 "Insurance Contracts" and
IFRS Amendments to Reporting Standard No. 17 • Amendments to IAS No. 1 "Classification of Liabilities as Current or Non-Current" • Amendments to IAS No. 1
"Disclosure of Accounting Policies" • Amendments to IAS No. 8 Amendments to “Definition of Accounting Estimates” • Amendments to IAS 12 “Deferred Income
Relating to Assets and Liabilities arising from a Single Transaction
Tax"
4. Summary of Significant Accounting Policies The
summary of significant accounting policies adopted in this individual financial report is as follows. The following accounting policies have been applied consistently to this
All presentation periods for individual financial reports. (1)
Compliance statement This individual financial report is
prepared in accordance with the "Standards for the Preparation of Financial Reports for Securities Issuers".
(2) Compilation basis 1.
Measurement basis
Except net defined benefit liabilities, which are measured by the present value of defined benefit obligations less the fair value of pension fund assets;
and financial assets measured at fair value through other comprehensive gains and losses are measured at fair value , the entity
Financial reports are prepared on a historical cost basis.
2. Functional currency and expression currency
Each entity of the company uses the currency of the main economic environment in which each operation operates as its functional currency. This
individual financial report is expressed in New Taiwan Dollars, the company's functional currency. All financial information expressed in New Taiwan Dollars is
In thousands of New Taiwan dollars. (3)
Foreign currency
1. Foreign currency
transactions Foreign currency transactions are converted into functional currencies according to the exchange rate on the transaction date. On the end date of each
subsequent reporting period (hereinafter referred to as the reporting date), foreign currency monetary items are converted into functional currencies at the exchange rate on that day.
Foreign currency non-monetary items measured at fair value are translated into the functional currency at the exchange rate on the date when the fair value was measured, and foreign
currency non-monetary items measured at historical cost are translated at the exchange rate on the transaction date.
Foreign currency translation differences arising from translation are normally recognised in profit or loss, except in the following cases which are recognised in other consolidated
Profit or loss: Equity instruments designated as fair value through other comprehensive profit or loss.
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2. Foreign operating agencies
Assets and liabilities of foreign operating agencies, including goodwill and fair value adjustments arising from acquisitions, are
The exchange rate on the lead date is converted into New Taiwan dollars; income and expense items are converted into New Taiwan dollars according to the current average exchange rate, and
the resulting exchange differences are recognized as other comprehensive gains and losses.
When the disposal of a foreign operating institution results in the loss of control, joint control or significant influence, the accumulated exchange differences related
to the foreign operating institution are fully reclassified to profit or loss. In the case of partial disposal of subsidiaries with foreign operating institutions, the relevant
accumulated exchange differences are re-attributed to non-controlling interests on a pro-rata basis. In the event of a partial disposal of an investment involving an affiliate or
a joint venture of a foreign operating institution, the relevant accumulated exchange difference is reclassified to profit or loss on a pro rata basis.
If there is no repayment plan for the monetary receivables or payables of the foreign operating organization and it is impossible to pay off in the foreseeable
future, the foreign currency exchange gains and losses incurred shall be regarded as the net investment in the foreign operating organization. part of it is recognized as
other comprehensive profit or loss. (4) Classification criteria for distinguishing current and non-current assets and liabilities
Assets that meet one of the following conditions are classified as current assets, and all other assets that are not current assets are classified as non-current assets
Current Assets:
1. Expecting to realize the asset in its normal business cycle, or intending to sell or consume it; 2. Hold the asset primarily for trading
purposes; 3. Expect to realize the asset within twelve months after the reporting period ; or 4. The asset is cash or cash equivalent,
unless the asset is exchanged or used to settle a liability or otherwise restricted at least twelve months after the reporting period.
Liabilities that meet one of the following criteria are classified as current liabilities and all other liabilities that are not current liabilities are classified as non-current liabilities
Current liabilities:
1. It is expected that the liability will be settled during the normal operating cycle;
2. The liability is held mainly for trading purposes;
3. The liability is expected to be due and settled within twelve months after the reporting period; or 4. The
liability does not have an unconditional right to defer settlement for at least twelve months after the reporting period. The terms of liabilities, which may be liquidated by the
issuance of equity instruments at the counterparty's choice, do not affect their classification.
(5) Cash and cash equivalents
Cash includes cash on hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible into fixed amounts of cash
with little risk of changes in value. Time deposits that meet the above definition and are held for short-term cash commitments rather than investment or other purposes are
presented as cash equivalents.
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(6) Financial instruments
Accounts receivable are originally recognised as incurred. All other financial assets and financial liabilities are originally recognised when the Company
becomes a party to the contractual terms of the financial instrument. Financial assets (other than accounts receivable that do not contain significant financial
components) or financial liabilities that are not measured at fair value through profit or loss are originally attributable to fair value plus
A measure of the transaction costs of the acquisition or issue. Accounts receivable that do not contain significant financial components are originally based on transaction prices
Grid measure.
1. Financial assets
The purchase or sale of financial assets conforms to conventional transactions. For financial assets classified in the same way, all purchases and sales
of the company shall be accounted for on the transaction date or delivery date. Financial assets at original recognition are classified as: financial assets
measured at amortised cost and through other comprehensive loss
Equity instrument investments measured at fair value. The Company reclassifies all affected financial assets from the first day of the next reporting period only
when changing the business model for managing financial assets.
(1) Financial assets measured at amortized cost When
financial assets meet the following conditions and are not designated as fair value through profit or loss, they are
Amortized cost measurement: •
The financial asset is held under an operating model for the purpose of collecting contractual cash flows. • The contractual
terms of the financial asset give rise to cash flows on specified dates that are entirely principal and outstanding
Interest on the principal amount.
These assets are subsequently measured at amortised cost by adding or subtracting the original recognised amount, using the effective interest
method, after adjusting for any allowance losses. Recognition of interest income, foreign currency exchange gains and losses and impairment losses
in profit and loss. When delisting, the gain or loss is included in profit or loss.
(2) Financial assets at fair value through other comprehensive gains and losses
At the time of original recognition, the Company may make an irrevocable election to present subsequent changes in fair value of investments in
equity instruments not held for trading in other comprehensive profit or loss. The foregoing selections are made on a tool-by-tool basis. Investors who are
equity instruments are subsequently measured at fair value. Dividend income (unless it clearly represents a recovery of part of the investment costs) is
recognised in profit or loss. The remaining net gain or loss is recognised as other comprehensive gain or loss and is not reclassified to profit or loss.
Dividend income from equity investments is recognized on the date when the company is entitled to receive dividends (usually the ex-dividend date).
(3) Impairment of financial
assets The Company's financial assets (including cash and cash equivalents, bills receivable and
Expected credit losses on accounts receivable, other receivables and other financial assets, etc.) are recognised as allowance losses.
ÿ11ÿ
The following financial assets are measured against the allowance losses based on the 12-month expected credit loss amount, and the rest are based on the existence of
Period Expected Credit Loss Amount Measure:
• The credit risk of bank deposits (ie the risk of default during the expected lifetime of the financial instrument) has not increased significantly since
the original recognition.
Allowance losses for accounts receivable are measured based on lifetime expected credit losses. When
determining whether the credit risk has increased significantly since the original recognition, the Company will consider reasonable and
corroborative information (obtainable without undue cost or investment), including qualitative and quantitative information, and based on the
Company's historical experience, Analysis of credit assessments and forward-looking information. Twelve-month expected credit losses are expected
credit losses arising from possible defaults of a financial instrument within twelve months after the reporting date (or a shorter period if the
expected duration of the financial instrument is less than twelve months). The maximum period over which expected credit losses are measured is
the maximum contractual period over which the company is exposed to credit risk. Expected credit losses are probability-weighted estimates of credit
losses over the expected lifetime of a financial instrument. Credit loss is measured at the present value of all cash shortfalls, that is, the cash
flow that the company can receive under the contract and the company's
The difference between the cash flows the company expects to receive. Expected credit losses are discounted at the effective interest rate on the financial asset.
The company assesses whether financial assets are credit-impaired, measured at amortized cost, on each report. A financial asset is credit-
impaired when one or more events have occurred that have an adverse effect on the estimated future cash flows of the financial asset. Evidence that
a financial asset is credit-impaired includes observable information about:
• Significant financial difficulty of the borrower or issuer; •
Default, such as delay or overdue; • Concessions given by the
Company that the borrower would not otherwise consider due to economic or contractual reasons related to the borrower's financial difficulty; •
The borrower It is likely that a bankruptcy filing or other financial reorganization will occur; or • the active market for the financial asset will
disappear due to financial difficulties.
Allowance losses for financial assets measured at amortised cost are deducted from the asset's carrying amount. When the
company cannot reasonably expect to recover the whole or part of the financial assets, it directly reduces the total book value of the financial
assets. For corporate accounts, the company analyzes the timing and amount of write-offs individually on the basis of whether it is reasonably
expected to be recoverable. The Company does not expect a material reversal of the written-off amount. However, financial assets that have been
written off are still enforceable to comply with the Company's procedures for recovering overdue amounts.
(4) Delisting of financial assets
The Company only terminates its contractual rights to cash flows from the asset, or has transferred the financial asset and substantially all
risks and rewards of ownership of the asset have been transferred to other enterprises, or has neither transferred nor retained substantially all of the
ownership. Financial assets are delisted only when the risks and rewards of such financial assets are not retained.
ÿ12ÿ
If the company enters into a transaction to transfer financial assets, if it retains all or almost all of the ownership of the transferred assets
Risks and rewards are still recognized on the balance sheet.
2. Financial liabilities
(1) Other financial liabilities
Financial liabilities are not held for trading and are not designated to be measured at fair value through profit or loss (including long-term and short-
term borrowings, payables and other payables). When originally recognized, they were added directly to the fair value. Measured at attributable transaction
cost; subsequently measured at amortized cost using the effective interest method. Interest expense not capitalised as cost of the asset is recognised in profit
or loss and presented under non-operating income and expenses.
(2) Delisting of financial liabilities
The Company excludes financial liabilities when contractual obligations have been fulfilled, cancelled or expired. When the terms of financial liabilities
are modified and the cash flow of the modified liabilities is significantly different, the original financial liabilities are delisted, and new financial liabilities are
recognized at fair value based on the modified terms.
When delisting financial liabilities, its carrying amount is equal to the total consideration paid or payable (including any transferred
The difference between the non-cash assets or liabilities assumed) is recognised in profit or loss.
(3) Offset of financial assets and liabilities
Financial assets and financial liabilities can only be offset when the company currently has a legally enforceable right to offset each other and intends
to settle in a net amount or to realize assets and settle liabilities at the same time. offset and reported on the balance sheet on a net basis. (7) Inventory
Inventories are measured at the lower of cost and net realisable value. Cost includes acquisition, production or processing and other costs incurred to bring it
to a place and condition in which it is ready for use and is calculated using the first-in, first-out method. The cost of finished goods and work-in-progress inventories
includes an appropriate proportion of manufacturing overhead allocated to normal production capacity.
Net realisable value is the estimated selling price under normal business operations less estimated costs to be spent on completion and completion.
The balance after the estimated cost to sell. (VIII) Investing
in Subsidiaries
When preparing the individual financial report, the Company adopts the equity method to evaluate the investee companies with control. Under the equity
method, the current profit and loss and other comprehensive profit and loss of the individual financial report and the financial report prepared on the consolidated basis
are the same as the amount attributable to the owner of the parent company, and the owner's equity of the individual financial report and the consolidated basis are
prepared. Equity attributable to the owners of the parent company in the financial statements is the same.
Changes in the company's ownership interests in subsidiaries that do not result in the loss of control shall be deemed as an equity transaction with the owner.
easy to handle.
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(9) Joint Agreement
A joint agreement is an agreement in which two or more parties have joint control. The joint agreement includes joint operations and joint ventures, and includes
It has the following characteristics: (a) all parties involved in the agreement are bound by the contract agreement; (b) among those who are conferred by the contract agreement,
at least two parties have joint control over the agreement. IFRS 11 "Joint Agreements" defines joint control as a contractual agreement to share control over an agreement only
in relation to decisions related to the relevant activities (i.e. activities that have a significant impact on the remuneration of the agreement). It only exists if the parties to share
control agree.
A joint venture is a joint agreement whereby parties that have joint control of the agreement (ie the joint venturers) have rights to the net assets of the agreement rather
than rights to the assets and obligations to the liabilities. The joint venture should recognize its joint venture interest as an investment and treat the investment using the equity
method in accordance with IAS28, unless the enterprise is in accordance with the requirements of the standard
Exemption from applicable equity law.
In assessing the classification of a joint agreement, the Company took into account the structure of the agreement, the legal form of the separate vehicle, the terms
of the contractual agreement and other facts and circumstances. When the facts and circumstances change, the Company will re-evaluate whether the type of joint agreement to
which it is involved has changed. (10) Investment real estate Investment real estate refers to real estate held for rent or asset appreciation or both, but not for normal business
sales, production, provision of goods or services, or for administrative purposes. Investment real estate is initially measured at cost, and subsequently measured at cost minus
accumulated depreciation and accumulated impairment. Its depreciation method, service life and residual value ratio
Dispose of in accordance with property, plant and equipment
regulations. Profit or loss from disposal of investment real estate (calculated by the difference between the net disposal price and the carrying amount of the item)
The series is recognised in profit or loss.
Rental income from investment properties is recognised in other income on a straight-line basis over the lease term. give it a lease
The reason is that it is recognized as part of the lease income during the lease period.
(11) Real estate, plant and equipment
1. Items of property, plant
and equipment are recognised and measured at cost (including capitalised borrowing costs) less accumulated depreciation and any
Cumulative impairment measure.
Property, plant and equipment are deemed to be property, plant and equipment when their useful lives are different.
Individual items (major components) of equipment are handled. Disposal gain or
loss of property, plant and equipment is recognised in profit or loss.
2. Subsequent costs
Subsequent expenses are capitalized only when their future economic benefits are likely to flow into the Company.
3. Depreciation
Depreciation is calculated based on the cost of the asset less the residual value, and uses the straight-line method to estimate the useful life of each component
Recognized in profit or loss.
Land is not depreciated.
ÿ14ÿ
The estimated useful lives for the current and comparative periods are as follows:
Housing and Construction 2 years ~ 55 years 2
mechanical equipment years ~ 13 years
Computer communication equipment 2 years ~ 7 years Test equipment 2 years ~ 8 years 3Transportation
years ~ 5 years
equipment Office equipment 3 years ~ 8 years Other equipment 2 years ~ 8 years Review the depreciation
method, useful life
a reporting date, and make appropriate adjustments if necessary. and residual value on
4. Reclassification to investment real estate When
the real estate for self-use is changed to investment real estate, the real estate is the same as when the use was changed.
The carrying amount is reclassified as investment property. (12)
Leasing The company evaluates whether the contract is or contains a lease on the date
of establishment of the contract.
the use of control over a period of time in exchange for consideration, the contract is or contains a lease.
1. The lessee
The company recognizes the right-of-use asset and lease liability on the lease commencement date. The right-of-use asset is initially measured at cost, which
includes the original measured amount of the lease liability, adjusted for any lease payments paid on or before the lease commencement date. , plus the original direct costs
incurred and the estimated costs for dismantling, removing and restoring the location or the underlying asset, less any lease incentives received.
The right-of-use asset is subsequently depreciated on a straight-line basis from the lease inception date to the expiry of the useful life of the right-of-use asset or the
expiry of the lease term, whichever is earlier. In addition, the Company regularly assesses whether the right-of-use asset is impaired and handles any impairment loss that has
occurred, and adjusts the right-of-use asset if the lease liability is remeasured. The lease liability is initially measured at the present value of the unpaid lease payments at the
inception date of the lease. If the implied interest rate of the lease is easy to determine, the discount rate is the interest rate; if it is not easy to determine, the company's
incremental borrowing rate is used. Generally speaking, the Company adopts its incremental borrowing rate as the discount rate.
Lease payments included in the measurement of the lease liability include:
(1) Fixed benefits, including substantial fixed benefits; (2) For lease
payments that depend on changes in an index or rate, the index or rate on the lease start date is used as the original balance.
quantity;
(3) the guaranteed residual value amount expected to be paid; and
(4) the exercise price or penalty to be paid when it is reasonably certain that the purchase option or lease termination option will be exercised
payment.
ÿ15ÿ
Interest on lease liabilities is subsequently accrued using the effective interest method, and the amount is re-measured when:
(1) Changes in the index or rate used to determine lease payments lead to changes in future lease payments; (2) Changes
in the guaranteed residual value of expected payments; (3) Changes in the evaluation of the underlying asset purchase
option; (4) There is a change in the estimation of whether to exercise the extension or termination option, and the evaluation
of the lease period is changed; (5) The modification of the lease subject, scope or other terms.
When the lease liability is re-measured due to the aforementioned changes in the index or rate used to determine the lease payment, changes in the
residual value guarantee amount, and changes in the evaluation of the purchase, extension or termination option, the carrying amount of the right-of-use asset
is adjusted accordingly, and When the carrying amount of the right-of-use asset has been reduced to zero, the remaining remeasured amount is recognised in
profit or loss.
For lease modifications that reduce the scope of the lease, the carrying amount of the right-of-use asset is reduced to reflect the
Partially or fully terminated and the difference between it and the remeasured amount of the lease liability is recognised in profit or loss.
The Company expresses right-of-use assets and lease liabilities that do not meet the definition of investment real estate as separate line items in the
balance sheet. For the lease of low-value target assets, the company chooses not to recognize the right-of-use asset and lease liability, but instead
The related lease payments are recognised as an expense on a straight-line basis over the lease
term. (13) Intangible assets
1. Goodwill
Goodwill arising from the acquisition of a subsidiary is measured at cost less accumulated impairment.
2. Other intangible assets
The company acquires other intangible assets with limited service life, which are measured by the amount after deducting accumulated amortization and
accumulated impairment losses. The amortization amount is amortized by the straight-line method according to the following estimated service life, and the amortization
amount is recognized in profit or loss: Computer software, amortized evenly over three to five years. Estimated useful lives and amortization methods are reviewed at the
end of the reporting period, and any changes are considered changes in accounting estimates.
(14) Impairment of non-financial assets
The Company assesses on each reporting date whether there is any indication that the book value of non-financial assets (except inventories, contract
assets, deferred tax assets and investment real and biological assets measured at fair value) Amounts may be deducted. If any indication exists, estimate the
recoverable amount of the asset. Goodwill is regularly tested for impairment annually.
For the purpose of impairment testing, the smallest identifiable group of assets is a group of assets whose cash inflows are largely independent of those
of other individual assets or groups of assets. The goodwill obtained from business combination is allocated to the expected self-merger
Each cash-generating unit or group of cash-generating units that benefit synergistically.
The recoverable amount is the higher of the individual asset or cash-generating unit's fair value less costs of disposal and its value in use. In assessing
value in use, estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time
value of money and the risks specific to the asset or cash-generating unit.
ÿ16ÿ
An impairment loss is recognised when the recoverable amount of an individual asset or cash-generating unit is less than the carrying amount. Impairment
losses are recognised immediately in profit or loss and are first reduced by the carrying amount of the cash-generating unit's amortised goodwill and then by the carrying
amount of each other asset within the unit in proportion to the carrying amount. Goodwill impairment losses shall not be reversed. A non-financial asset other than goodwill is
only available if the asset has not
It is reversed within the carrying amount (net of depreciation or amortisation) determined when the impairment loss is recognised in the year.
(15) Recognition of income
1. Revenue from customer contracts
Income is measured as the consideration to which the transfer of goods or services is expected to be entitled. The Company recognizes revenue when the control
of the goods or services is transferred to the customer and the performance obligations are satisfied. The company describes the main income items as follows:
Down:
(1) Sales of goods The
Company recognizes revenue when the control of the products is transferred. The transfer of control of the product means that the product has been delivered
to the customer, the customer can fully determine the sales channel and price of the product, and there are no outstanding obligations that will affect the customer's
acceptance of the product. Delivery occurs when the product has been shipped to a specific location, the risk of loss has passed to the customer, and the customer has
accepted the product in accordance with the sales contract, the acceptance clause has expired, or the company has objective evidence that all acceptance conditions
have been met. The Company recognizes revenue on the basis of the net amount of the contract price less the estimated quantity discount. The amount of the quantity
discount is estimated based on the expected value using the accumulated past experience, and only to the extent that it is highly probable that there will be no
significant reversal. recognized income.
The company recognizes accounts receivable when the goods are delivered, because the company has the right to unconditionally receive the consideration
at that time.
(2) Financial component The
company expects that the time between the time when all customers contract the transfer of goods or services to the customer and the time when the customer
pays for the goods or services will not exceed one year. Therefore, the company does not adjust the time price of currency for the transaction price.
value.
(16) Employee benefits 1.
Determine the allocation plan
Contribution obligations under the Definite Contribution Plan are recognized as expenses during the period during which the employee provides services.
2. Defined benefit plan The
company's net obligation to the defined benefit plan is for the employee's current or previous period for each benefit plan.
The amount of future benefits earned for interim services is discounted to present value, less the fair value of any program assets. Defined benefit obligations are actuated
annually by a qualified actuary using the projected unit benefit method. Assets are recognised up to the present value of any economic benefits that could be obtained
in the form of a refund of the provision from the program or a reduction of future provisions from the program when the calculation may be beneficial to the Company. Any
minimum funding requirements are taken into account when calculating the present value of economic benefits.
ÿ17ÿ
The remeasurement of the net defined benefit liability, including actuarial gains and losses, plan asset compensation (excluding interest), and any
change in the impact of asset caps (excluding interest) is recognised immediately in other comprehensive profit or loss and accrued in retained earnings . The
Company determines net interest expense (income) on net defined benefit liabilities (assets) using the net defined benefit liabilities (assets) and discount rates
determined at the beginning of the annual reporting period. Net interest expense on defined benefit plans
and other expenses are recognised in profit or loss.
Changes in benefits associated with upfront service costs or curtailment benefits or losses when the plan is revised or curtailed
amount, which is immediately recognized as profit or loss. When the settlement occurs, the Company recognizes the settlement gain or loss of the defined benefit plan.
3. Short-term employee benefits
Short-term employee benefit obligations are recognized as expenses when services are provided. If the company has a current legal or constructive
payment obligation due to the employee's past services, and the obligation can be estimated reliably, the amount is recognized as a liability. (17) Income tax
Income tax includes current and deferred income tax. Current income tax and deferred income tax are recognised in profit or loss, except in relation to business
combinations, items recognised directly in equity or other comprehensive profit or loss.
The Company determines that interest or penalties related to income tax (including uncertain tax treatment) are not eligible for income tax
Therefore, the accounting treatment of International Accounting Standard No. 37 is applicable.
Current income tax includes the expected income tax payable or tax refund receivable based on the taxable income (loss) for the current year, and any
adjustments to income tax payable or tax refund receivable in previous years. The amount is the best estimate of the amount expected to be paid or received, using
the statutory tax rate or substantive legislative tax rate at the reporting date, after accounting for income tax-related uncertainties, if any. Deferred income tax is the
temporary difference between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases
Differences are measured and recognized. Temporary differences arising from the following situations are not recognized as deferred income tax:
1. Assets or liabilities originally recognized in transactions that are not business combinations, and which do not affect accounting profits and taxable income
(losses) at the time of the transaction;
2. Temporary differences arising from investments in subsidiaries, affiliated companies and joint venture interests, the company can control the timing of the reversal
of the temporary differences and is likely not to reverse in the foreseeable future; and
3. Taxable temporary differences arising from the original recognition of goodwill.
Unused tax losses and unused income tax credits are recognised as deferred tax assets to the extent that it is probable that future taxable income will be
available to the extent that the deductible temporary differences are reversed. It is reassessed on each reporting date to reduce the relevant income tax benefits to
the extent that it is not probable that they will be realized; or to reverse the previously reduced amount to the extent that it becomes probable that sufficient taxable
income will be available.
Deferred tax is measured at the tax rate at which the temporary difference is expected to reverse, using the statutory or substantive legislative tax rate at
the reporting date, and has reflected tax-related uncertainties, if any.
ÿ18ÿ
The Company will offset deferred income tax assets and deferred income tax liabilities only when the following conditions are met at the same time:
1. Has the statutory enforcement power to offset current income tax assets and current income tax liabilities; and
2. Deferred income tax assets and deferred income tax liabilities are the same as the following taxable entities that are subject to income tax by the same tax authority
A related:
(1) The same taxpayer; or
(2) Different taxable entities, but each entity intends to expect the recovery of deferred income tax assets and deferred income in significant amounts
For each future period in which the tax liability is expected to be settled, the current tax liability and assets are settled on a net basis, or
At the same time realize assets and pay off liabilities.
(18) Earnings per share
The Company presents basic and diluted earnings per share attributable to holders of ordinary shares of the Company. The company's basic
Earnings per share is the profit or loss attributable to the holders of ordinary shares of the Company, divided by the weighted average circulating
It is calculated based on the number of shares of the common stock. Diluted earnings per share is the profit and loss attributable to the holders of ordinary shares of the Company and the weighted
The average number of ordinary shares outstanding is calculated after adjusting for the effect of all potentially dilutive ordinary shares.
(19) Departmental Information
The Company has disclosed sector information in the consolidated financial report, so the individual financial report does not disclose sector information.
V. Main sources of uncertainty in significant accounting judgments, estimates and assumptions
When the management prepares this individual financial report in accordance with the "Standards for the Preparation of Financial Reports for Securities Issuers", it must make a judgment.
judgments, estimates and assumptions that will affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses
ring. Actual results may differ from estimates.
Management continuously reviews estimates and underlying assumptions, and changes in accounting estimates are accounted for during periods of change and in affected future periods.
to recognize.
The company has no accounting policies that involve significant judgment and information that has a significant impact on the individual financial report.
Among the uncertainties of assumptions and estimates, there is no significant risk that the relevant assets will be adjusted significantly in the following year.
News.
6. Description of important accounting items
(1) Cash and cash equivalents
110.12.31 405 109.12.31
Cash demand $ 405
deposits and checking deposits Cash 5,796 8,040
and cash equivalents listed in the cash 561,240 408,667
flow statement of foreign currency deposits $ 567,441 417,112
Please refer to Note 6(19) for the disclosure of interest rate risk and sensitivity analysis of the Company's financial assets and liabilities.
ÿ19ÿ
(2) Accounts receivable (including related parties)
110.12.31 109.12.31
Accounts Receivable - Unrelated Persons - Measured at Amortized Cost $ 7,766,544 6,379,355
Accounts Receivable - Related Persons - Measured at Amortized Cost 4,532,765 3,492,230
- -
Less: Allowance for losses
$ 12,299,309 9,871,585
The Company estimates expected credit losses using a simplified approach for all bills and accounts receivables, that is, using
Lifetime expected credit loss measurement, for the purpose of this measurement, these bills and accounts receivables are measured on behalf of customers
Grouped according to the common credit risk characteristics of the ability to pay all amounts due under the terms of the contract and have been incorporated into the forward-looking
information. The expected credit loss analysis of the Company's bills receivable and accounts receivable is as follows:
110.12.31
Accounts Receivable weighted average expectation Allowance duration
carrying amount credit loss rate expected credit loss

Not past due $ 11,001,912 0% -
1~60 days overdue 1,290,935 0% -
181 days overdue ~ less than one year 6,462 0% -
-
$ 12,299,309
109.12.31
Accounts Receivable weighted average expectation Allowance duration
carrying amount credit loss rate expected credit loss

Not overdue $ 9,146,419 0% -
1~60 days overdue 725,155 0% -
181 days overdue ~ less than one year 11 0% -
-
$ 9,871,585
No allowance for doubtful debts was provided for the Company's bills receivable and accounts receivable in the years 110 and 109 of the Republic of China.
On December 31, 110 and 109, the Company's bills receivable and accounts receivable were not
Circumstances provided as pledge guarantee.
(3) Inventory
110.12.31 109.12.31
Raw Materials $ 31,551 15,132
WIP Finished 26,049 26,272
Goods Inventory 763 1,710
in Transit 34,708 5,734
1,355 9,316
$ 94,426 58,164
ÿ20ÿ
The operating costs of the Company are broken down as follows:
Year 110 Year 109

cost of sales $ 61,465,648 47,806,564
Technical service cost 84,129 208,848
Investment Advisory Service -

123,263
Costs Inventory Obsolescence 34 117
Losses Inventory Depreciation and 91 10
Sluggish Losses (6) (2)
lower income (143) (7)
total $ 61,549,753 48,138,793
Inventory depreciation and stagnant losses are due to the fact that the inventory is obsolete or unusable, and the net realizable value of the inventory is lower than the cost
The amount is recognised as operating costs.
On December 31, 110 and 109, the Company's inventories were not provided as pledges
situation.
(4) Investments using the equity method
The Company's investments using the equity method as at the reporting date are listed below:
110.12.31 109.12.31
Subsidiary $ 17,934,166 19,377,294
joint venture 285,461 307,043
$ 18,219,627 19,684,337
1. Subsidiaries
Please refer to the consolidated financial report of the Republic of China for 110 years.
2. Joint venture
Shoe Majesty Co., Ltd. is a joint agreement in which the Company participates. The Company classifies the joint agreement as a joint
capital and are treated using the equity method.
The joint ventures of the Company using the equity method are individually insignificant, and their aggregated financial information is as follows.
The information is the amount included in the company's individual financial report:
110.12.31 109.12.31
Period-end aggregated carrying amount of individual insignificant joint venture interests $ 285,461 307,043
ÿ21ÿ
Year 110 Year 109

Shares attributable to the Company:
Net profit of continuing business units Other comprehensive $ 7,906 13,704
profit and loss for the current period Total comprehensive (8,748) (16,888)
profit and loss $ (842) (3,184)
3. Guarantee
On December 31, 110 and 109, the Company's investments using the equity method did not have any
(5) Real estate, plant and equipment
Cost, Depreciation and Impairment Losses of Real Property, Plant and Equipment of the Company for Years 110 and 109
The details of the changes are as follows:
housing and machine computer test transportation office other unfinished works and
Land architecture equipment communication equipment equipment equipment equipment equipment Total equipment to be tested
Cost or identified cost:
1/1/110 Balance $1,210,526 1,934,196 948,437 120,424 105,054 30,811 67,479 56,374 134,639 4,607,940
add 789 467

-
12,276 71,941 11,807 6,790 2,946 327,653 434,669
Classification -
25,361 74,130 -
4,056 -
1,395 1,854 (106,796)
-
punish - -
(619) (70,458) (6,197) (2,337) (150) (16,038) (651) (96,450)
12/31/110 Balance $1,210,526 1,971,214 1,024,050 126,034 113,563 31,450 53,303 60,523 355,496 4,946,159
1/1/109 Balance $1,210,526 1,785,513 888,871 108,128 107,262 31,403 72,161 52,585 67,620 4,324,069
add -
36,915 72,745 20,100 2,240 2,013 1,674 3,159 254,734 393,580
Classification -
132,494 52,373 - - -
1,562 1,286 (187,715)
-
punish - -
(20,726) (65,552) (7,804) (4,448) (2,605) (7,918) (656) (109,709)
12/31/109 Balance $1,210,526 1,934,196 948,437 120,424 105,054 30,811 67,479 56,374 134,639 4,607,940
Depreciation and impairment losses:
January 1, 110 balance $ -

819,853 677,285 96,645 90,445 20,107 59,268 39,713 -
1,803,316
Depreciation for the year -

69,202 93,437 14,110 7,633 2,783 2,603 5,493 -
195,261
punish - -
(567) (60,498) (6,150) (2,233) (125) (15,603) (627) (85,803)
- -
December 31, 110 balance $ 888,488 710,224 104,605 95,845 22,765 46,268 44,579 1,912,774
January 1, 109 balance $ -

775,934 632,319 91,354 86,947 18,926 64,634 35,320 -
1,705,434
Depreciation for the year -

62,269 90,091 13,054 7,809 3,229 2,441 5,028 -
183,921
punish - -
(18,350) (45,125) (7,763) (4,311) (2,048) (7,807) (635) (86,039)
- -
The balance on December 31, 109 $ 819,853 677,285 96,645 90,445 20,107 59,268 39,713 1,803,316
Book value:
12/31/110 $1,210,526 1,082,726 313,826 21,429 17,718 8,685 7,035 15,944 355,496 3,033,385
January 1, 109 $ 1,210,526 1,009,579 256,552 16,774 20,315 12,477 7,527 17,265 67,620 2,618,635
12/31/109 $1,210,526 1,114,343 271,152 23,779 14,609 10,704 8,211 16,661 134,639 2,804,624
ÿ22ÿ
Due to the fact that some land assets of the company cannot be held in the name of the company for the time being according to law, they are appointed by the chairman of the company respectively.
Mr. Wang Jianhong and Mr. Wang Jianrong, the vice chairman of the board, hold the trust and have signed the real estate trust registration deed.
The rights and obligations of the party, and the trust assets have been mortgaged to the company as a preservation measure. such land accounts
The column cost is $7,121,000.
On December 31, 110 and 109, the company's real estate, plant and equipment did not have
(6) Right-of-use assets

The details of the changes in the cost, depreciation and impairment losses of the car parks and telephones leased by the Company are as follows:
Land Total other equipment

Right-of-use asset cost:
Depreciation and impairment loss of $ 46,570 9,932 56,502
right-of-use assets: -
(241) (241)
$ 46,570 9,691 56,261
$ 46,549 9,932 56,481
21 -
21
$ 46,570 9,932 56,502
The balance on January 1, 2011 is $ 6,791 7,593 14,384
depreciated and other reductions 3,385 1,295 4,680

-
(241) (241)
$ 10,176 8,647 18,823
$ 3,385 6,252 9,637
3,406 1,341 4,747
$ 6,791 7,593 14,384
Book value:
December 31, 110 January 1, $ 36,394 1,044 37,438
109 December 31, 109 $ 43,164 3,680 46,844
$ 39,779 2,339 42,118
(7) Investment real estate
own assets
Land
Book Amount:
December 31, 110 January 1, $ 6,858
109 December 31, 109 $ 6,858
$ 6,858
ÿ23ÿ
own assets
Land
Fair value:
December 31, 110 $ 39,684
December 31, 109 $ 39,684
Investment real estate is based on publicly available public information and the subject matter is re-acquired at the time of the price date.
As the basis for evaluation, and considering factors such as the current situation, economy, and function of the subject matter, it is estimated that its value is estimated.
On December 31, 110 and 109, the Company's investment real estate did not provide for
Circumstances of pledge guarantee.
(8) Intangible assets
The details of the cost, amortization and impairment losses of the intangible assets of the Company for the years 110 and 109 are as follows:
computer software
cost:
The balance on January 1, 110 $ 42,314
was obtained separately. The 31,874
balance on December 31, 110 (13,589)

$ 60,599
The balance on January 1, 2019 was $ 49,852
obtained separately, and the balance on 22,686
December 31, 2019 in the Republic of (30,224)

China $ 42,314
Amortization and impairment losses:
is amortized for the current period 22,879
The balance on December 31, (13,589)

110 $ 28,370
is amortized for the current period 19,200
The balance on December 31, (30,224)

109 $ 19,080
ÿ24ÿ
computer software
Book value:
December 31, 110 $ 32,229
January 1, 109 $ 19,748
December 31, 109 $ 23,234
The amortization expenses of intangible assets for the years 110 and 109 of the Republic of China are presented in the following items in the consolidated income statement:
Year 110 Year 109

Operating Costs $ 1,997 1,359
Total Operating 20,882 17,841
Expenses $ 22,879 19,200
On December 31, 110 and 109, the Company's intangible assets were not provided as pledge
Guarantee situation.
(9) Short-term loans
The details of the company's short-term loans are as follows:
110.12.31 109.12.31
unsecured bank loan $ 4,425,980 2,518,000
Interest rate range 0.55%~0.59% 0.51%~0.60%
(10) Long-term loans
The details of the company's long-term loans are as follows:
110.12.31 109.12.31
-
unsecured bank loan $ 1,500,000
Interest rate range 0.68% -
(11) Lease liabilities
The carrying amounts of the Company's lease liabilities are as follows:
110.12.31 109.12.31
flow $ 1,542 1,858
non-current $ 34,209 38,247
For maturity analysis, please refer to Note VI (XIX) Financial Instruments.
ÿ25ÿ
The amounts recognised in profit or loss are as follows:
110 Year 305 Year 109

Interest expense on lease liability $ 340
The amounts recognized in the cash flow statement are as follows:
110 Year 4,651 Year 109

Total cash outflow from lease $ 4,722
1. Leasing of land
The company leases the land as a parking lot for a period of 14 years. The leasehold interest includes the end of the lease term
The option to extend the lease period same as the original lease contract when it expires.
2. Other leases
The lease period of the telephone set leased by the Company is three to five years.
(12) Employee benefits
1. Defined benefit plan
The reconciliation between the present value of the Company's determined benefit obligations and the fair value of the planned assets is as follows:
110.12.31 109.12.31
fair value of defined benefit $ 2,661,382 2,628,186
obligation present value plan asset net (1,832,895) 828,487 (1,746,689)
defined benefit liability $ 881,497
The company's defined benefit plan is transferred to the labor retirement reserve account of the Bank of Taiwan. Applicable labor standards
The retirement payment for each employee is based on the base obtained by the length of service and the average of the six months prior to retirement.
Salary calculation.
(1) Composition of planned assets
The retirement fund allocated by the company in accordance with the Labor Standards Act is administered by the Labor Fund Utilization Bureau of the Ministry of Labor (hereinafter referred to as the “Retirement Fund”).
Labor Fund Bureau) overall management, in accordance with the "Labor Retirement Fund Income and Expenditure Custody and Utilization Regulations" regulations, the operation of the fund
The minimum income distributed in the annual final settlement shall not be lower than the rate calculated according to the two-year fixed deposit interest rate of the local bank.
income.
As of the reporting date, the balance of the Company's Taiwan Bank Labor Retirement Reserve Account was RMB 1,832,895,000.
The information on the use of the assets of the labor pension fund includes the fund's yield rate and the fund's asset allocation. Please refer to the Ministry of Labor for details.
Information published on the website of the Fund Utilization Bureau.
ÿ26ÿ
(2) Changes in the Present Value of Determining Welfare Obligations
The changes in the present value of the Company's defined benefit obligations in 110 and 109 are as follows:
Year 110 Year 109
January 1 Defined benefit obligation $ 2,628,186 2,510,282
current service cost and interest net 39,384 49,611
defined benefit liability remeasurement
- Actuarial gains and losses due to experience adjustments 46,658 55,493
-
- Actuarial gains and losses due to changes in demographic assumptions 50,275
-
- Actuarial gains and losses arising from changes in financial assumptions 91,677
Benefits Scheduled to Pay (103,121) (78,877)
Dec. 31 Determined Benefit Obligations $ 2,661,382 2,628,186
(3) Changes in fair value of planned assets
The changes in the fair value of the Company's defined benefit plan assets in 110 and 109 are as follows:
Year 110 Year 109
Fair value interest income of planned assets $ 1,746,689 1,602,131
as at January 1 11,160 16,478
Net defined benefit liability remeasurement
- Plan asset remuneration (excluding current interest) 19,383 46,287
Amount credited to the plan Benefits 158,656 159,966
paid by the plan Fair value of plan (102,993) (78,173)
assets as at 31 December $ 1,832,895 1,746,689
(4) Expenses recognized as profit or loss
The details of the expenses reported by the Company for the years 110 and 109 are as follows:
Year 110 Year 109

Net interest on current $ 23,217 24,864
service cost net defined benefit liability 5,007 8,269
$ 28,224 33,133
Operating Costs $ 5,005 6,717
Marketing and Administrative Expenses 7,786 8,149
Research and Development Fees 15,433 18,267
$ 28,224 33,133
ÿ27ÿ
(5) Actuarial assumptions
The significant actuarial assumptions used by the Company to determine the present value of the benefit obligation at the end of the financial reporting date are as follows:
Down:
110.12.31 109.12.31
Discount 0.625 % 0.625 %
rate future salary increase 2.800 % 2.800 %
The company expects to pay the provision to the defined benefit plan within one year after the reporting date of the Republic of China
The amount is 157,663 thousand yuan.
The weighted average duration of the defined benefit plan is 10.24 years.
(6) Sensitivity analysis
Changes in the main actuarial assumptions to be used on December 31, 110 and 109
The impact of the present value of the benefit obligation is as follows:
Impact on defined benefit obligations
Increase by 0.25% Decrease by 0.25%

12/31/110
Discount $ (58,297) 60,242
rate future salary increase 57,664 (56,091)
12/31/109
Discount (61,620) 63,711
rate future salary increase 61,031 (59,328)
The sensitivity analysis above is based on the analysis of the impact of a change in a single assumption while other assumptions remain unchanged.
In practice, many changes in assumptions may be linked. Sensitivity analysis is related to calculating the net return on the balance sheet
The same approach is used for pension liabilities.
The methods and assumptions used in the preparation of the sensitivity analysis in this period are the same as those in the previous period.
2. Determine the withdrawal plan
The company's definite contribution plan is in accordance with the provisions of the Labor Pension Act, which is based on the contribution of 6% of the labor's monthly wages.
The rate shall be transferred to the individual account of the labor pension fund of the Bureau of Labor Insurance. Under this plan, the company provides a fixed amount to
After the Bureau of Labor Insurance, there is no statutory or constructive obligation to pay the additional amount.
The pension expenses under the Company's 110-year and 109-year determinable pension provision method are respectively:
113,710 thousand and 107,894 thousand.
ÿ28ÿ
(13) Income tax
1. Income tax expense
The details of the company's income tax expenses for the years 110 and 109 are as follows:
Year 110 Year 109

Current income tax expense
The current income tax $ 920,025 928,796
in the current period is adjusted to the previous period (50,721) (53,897)
869,304 874,899
Deferred tax expense
Occurrence of Temporary Differences and Reversal (228,206) 4,065
of Income Tax Expenses $ 641,098 878,964
Details of income tax benefits recognized under other comprehensive profit and loss by the Company in 110 and 109
as follows:
Year 110 Year 109

Items not reclassified to profit or loss:
Remeasurement of defined benefit plans $ 15,510 20,176
Items that may subsequently be reclassified to profit or loss:
Exchange differences on translation of financial statements of foreign operating agencies $ 1,717 3,316
The adjustment of the relationship between the income tax expense and the pre-tax net profit of the Company for the years 110 and 109 of the Republic of China is as follows:
Year 110 Year 109

net profit before tax $ 5,182,939 5,757,832
Income tax calculated according to the domestic tax rate of the company’s $ 1,036,587 1,151,567
location Other tax effects adjusted according to the tax law Foreign 1,234 44
income tax deduction (163,730) (134,309)
investment credit (30,000) (30,000)
Pre-tax incentives (152,272) (54,441)
overestimated (50,721) (53,897)
income tax expense $ 641,098 878,964
ÿ29ÿ
2. Deferred tax assets and liabilities
(1) Recognized deferred tax assets and liabilities
The movements in deferred income tax assets and liabilities for the years 110 and 109 are as follows:
Other total foreign investment interests

Deferred tax liabilities:
January 1, 110 balance debit $ 3,020,362 121,229 3,141,591
(credit) income statement debit (225,281) (19,852) (245,133)
(credit) other comprehensive profit and -

(1,717) (1,717)
loss December 31, 110 balance $ 2,795,081 99,660 2,894,741
January 1, 2009 balance debit $ 3,049,447 110,313 3,159,760
(credit) income statement debit (29,085) 14,232 (14,853)
(credit) other comprehensive profit and -

(3,316) (3,316)
loss balance December 31, 2009 $ 3,020,362 121,229 3,141,591
Defined benefit plan other totals

Deferred tax assets:
January 1, 110 balance (debit) credited to $ 176,300 109,236 285,536
profit and loss statement (debit) credited (26,112) 9,185 (16,927)

-
to other comprehensive profit and loss 15,510 15,510
Balance on December 31, 110 $ 165,698 118,421 284,119
January 1, 2009 balance (debit) credited $ 181,631 102,647 284,278
to profit and loss statement (debit) (25,507) 6,589 (18,918)

-
credited to other comprehensive profit and loss 20,176 20,176
The balance on December 31, 2019 $ 176,300 109,236 285,536
3. Income tax verification
The company's profit-seeking enterprise income tax settlement declaration has been approved by the tax collection authority until the year of the Republic of China.
(14) Capital and other rights and interests
On December 31, 110 and 109, the total amount of the Company's rated share capital was 9,000,000 thousand
Yuan, the face value of each share is 10 Yuan, and the number of shares is 900,000 thousand shares. The total amount of the above-mentioned rated share capital is ordinary shares, issued shares
All shares are 881,681 thousand ordinary shares and all monies on the issued shares have been received.
The adjustment table of the number of outstanding shares of the Company is as follows:
common stock
(Expressed in thousand 110 years 109 years

shares) Impact of stock dividends 881,681 734,734
-
on the balance at the beginning of January 1 146,947
Balance at the end of December 31 881,681 881,681
ÿ30ÿ
1. Issuance of ordinary shares
On June 17, 109, the company passed the resolution of the general meeting of shareholders with undistributed surplus of 1,469,469 thousand yuan
The capital increase was reported by the Financial Supervision and Administration Commission and became effective on August 24, 109.
The date is the capital increase base date, and the relevant statutory registration procedures have been completed.
2. Capital reserve
The balance of the company's capital reserve is as follows:
110.12.31 109.12.31
Trading of treasury stocks $ 4,143 4,143
Disposal of asset gain 32,980 32,980
Consolidated surplus Receipt 2,160 2,160
of donations and income from it is 2,767 1,876
not recognized in proportion to shareholding Subsidiary cash capital increase 8,866 8,866
$ 50,916 50,025
According to the provisions of the Company Law, after the capital reserve needs to give priority to make up for the loss, it can only be paid in proportion to the original shares of the shareholders.
The realized capital reserve is issued to new shares or cash. The realized capital reserve referred to in the preceding paragraph includes the amount exceeding the par value
The surplus from the issue of shares and the receipt of gifts from them. In accordance with the issuer's offering and issuance of securities treatment regulations
The total amount of the capital reserve that can be allocated to capital shall not exceed % of the paid-in capital.
ten.
3. Retain surplus
According to the company's articles of association, if the company has a current net profit in the annual final accounts, it should first make up the losses and then
The remaining balance shall be set aside 10% as statutory surplus reserve in accordance with the Company Law, and shall be set aside and transferred to special surplus according to laws and regulations
Accumulation. Part or all of its balance is then set aside for distribution of dividends, and it may also be combined with the undistributed surplus of previous years as
Of.
In view of the fact that the company is in the stable growth stage of the enterprise life cycle, in response to long-term financial planning, to achieve stable development
and the goal of sustainable operation, should take into account the capital budget and future annual funding requirements, the board of directors shall plan to distribute dividends
If the proposal is submitted to the shareholders' meeting for resolution, the distribution of dividends shall account for more than 50% of the distributable earnings, of which the share of stock
The percentage of profit shall not be higher than 80%.
(1) Statutory surplus reserve
When the company has no losses, it may be approved by the shareholders meeting to issue new shares or cash from the statutory surplus reserve.
The amount of the reserve in excess of 25% of the paid-in capital is limited.
ÿ31ÿ
(2) Special surplus reserve
According to the regulations of the Financial Supervisory Commission, when the Company distributes the distributable surplus, it shall account for other shareholders in the accounts of the current year.
For the net amount of depreciation of equity, the same amount of special surplus reserve shall be withdrawn from the profit and loss of the current year and the undistributed surplus of the previous period;
The deduction amount of other shareholders' equity that is accumulated in the previous period shall be deducted from the undistributed surplus of the previous period as a special amount of the same amount.
The surplus reserve shall not be distributed. However, if the company has set aside special surplus reserves in accordance with the provisions of the preceding paragraph, the set aside amount shall be
The difference with the net amount of other equity deductions shall be additionally set aside as special surplus reserve. Subsequent reductions in other shareholders' equity are:
When turning, the surplus shall be distributed to the turning portion.
(3) Surplus distribution
On June 17, 110 and June 17, 109, the company was registered as a shareholder of the company respectively.
The meeting will decide on the profit distribution plan of the Republic of China in 109 and 108. The amount of dividends distributed to the owners is as follows:
Down:
FY109 FY108
Allotment rate (RMB) Amount Allotment rate (RMB) Amount

Dividends distributed to owners of common stock:
Total cash stock $ 3.70 3,262,220 4.00 2,938,937

- -
2.00 1,469,469
$ 3,262,220 4,408,406
4. Other interests (net of tax)
foreign operating agency
Financial Statement Translation
exchange difference
The balance of January 1, 2011 is converted $ (2,082,107)
to the foreign operating organization's net assets of the exchange difference arising (515,126)
from the use of the equity method of the share of the conversion difference of the 38,578
affiliated company disposal of the foreign operating organization's profit and loss (802)
reclassified to the balance of December 31, 110 ROC $ (2,559,457)
The share of the exchange difference arising $ (1,247,402)
from the translation of the balance on January 1, 2009 to the net assets of foreign (995,611)
operating organizations using the equity method of the translation difference of affiliates 160,906
The balance on December 31, 2019 $ (2,082,107)
ÿ32ÿ
(XV) Earnings per share
The basic earnings per share for the years 110 and 109 are calculated as follows:
Year 110 Year 109

Basic EPS
Net profit attributable to holders of ordinary shares of the Company $ 4,541,841 4,878,868
Weighted average number of ordinary shares outstanding 881,681 881,681
Basic earnings per share (RMB) $ 5.15 5.53
The remuneration of employees, directors and supervisors of the company for the first three years is paid in cash.
Assuming that the distribution method in 110 of the Republic of China is the same as that in the previous three years, it is not planned to calculate the diluted earnings per share.
(16) Revenue from customer contracts
1. Breakdown of Income
Year 110
footwear manufacturing and
Sales Department Other Departments Total

Main regional markets:
Singapore $ 51,664,237 1,307,643 52,971,880
United States 3,542,921 512,213 4,055,134
Vietnam 2,239,368 92,805 2,332,173
Switzerland 2,064,814 2,958 2,067,772
China 2,040,121 12,457 2,052,578
Mexico India 1,769,750 23,963 1,793,713
Italy Other 699,073

-
699,073
countries 571,413 10,508 581,921
1,350,645 604,518 1,955,163
$ 65,942,342 2,567,065 68,509,407
Main product/service lines:
-
Footwear manufacturing and sales $ 65,942,342 65,942,342
other -
2,567,065 2,567,065
$ 65,942,342 2,567,065 68,509,407
ÿ33ÿ
Year 109
footwear manufacturing and
Sales Department Other Departments Total

Main regional markets:
Singapore $ 37,998,328 619,736 38,618,064
Vietnam USA 4,647,018 282,942 4,929,960
China 2,273,484 54,485 2,327,969
2,266,008 33,210 2,299,218

-
1,425,948 1,425,948
-
1,086,950 1,086,950
-
936,508 936,508
725,127 17,574 742,701
SwitzerlandIndiaIndonesiaMexicoOther Countries 1,722,581 49,164 1,771,745
$ 53,081,952 1,057,111 54,139,063
Main product/service lines:

-
Footwear manufacturing and sales $ 53,081,952 53,081,952
other -
1,057,111 1,057,111
$ 53,081,952 1,057,111 54,139,063
2. Contract balance
110.12.31 109.12.31 109.1.1
Accounts receivable (including related parties) $ 12,299,309 9,871,585 3,091,953
Less: Total allowance - - -
losses $ 12,299,309 9,871,585 3,091,953
contract liabilities $ 331 - -
Please refer to Note 6(2) for the disclosure of accounts receivable and its impairment.
ÿ34ÿ
(17) Remuneration of employees and directors
According to the company's articles of association, if there is profit in the year, it should allocate not less than 2.0% as employee compensation and not more than 2.0%.
1.8% as director compensation. However, when the company still has accumulated losses, it should reserve the amount to make up in advance, and then calculate the balance.
dial.
The Company's employee remuneration in 110 and 2009 was 185,000,000 yuan and 185,000 yuan respectively.
165,000,000 yuan, and the amount of directors' remuneration listed is 98,280,000 yuan and 108,550,000 yuan respectively, which are based on the paragraphs of the company's
The amount before deducting the remuneration of employees and directors from the net profit before tax for the period is multiplied by the remuneration of employees and directors stipulated in the articles of association of the company
The remuneration distribution percentage is an estimate basis and is presented as operating costs or operating expenses for the period. If the actual
If there is a difference between the distribution amount and the estimated amount, it will be treated as a change in accounting estimates, and the difference will be recognized as a loss in the following year.
beneficial.
The amount of remuneration for employees and directors distributed by the above-mentioned resolutions of the board of directors is the same as that of the Company in 110 and 109 of the Republic of China
There is no difference between the estimated amounts in the individual financial reports, and relevant information can be found at the Public Information Observatory.
(18) Non-operating income and expenses
1. Interest income
The details of the interest income of the Company for the years 110 and 109 are as follows:
Year 110 Year 109

bank deposit interest $ 3,284 1,103
2. Other income
The details of other income of the Company in 110 and 109 are as follows:
Year 110 Year 109

Total rental $ 3,818 4,156
income and 359,396 415,124
other other income $ 363,214 419,280
3. Other benefits and losses
The details of other profits and losses of the Company in 110 and 109 are as follows:
Year 110 Year 109

Disposal of property, plant and equipment (loss) benefit Foreign $ (2,448) 2,131
currency exchange (loss) benefit 42,523 (103,434)
Other other 118 (329)
gains and losses, net $ 40,193 (101,632)
ÿ35ÿ
4. Financial costs
The financial costs of the Company for the years 110 and 109 are as follows:
Year 110 Year 109

Interest costs $ 16,874 13,913
(19) Financial instruments
1. Types of financial instruments
monetary assets
110.12.31 109.12.31
Loans and Receivables:
Cash and cash equivalents $ 567,441 417,112
Accounts and bills receivables 12,299,309 9,871,585
Other receivables Other 27,153 210,944
financial assets (accounted for other current and non-current assets) Total 1,044,331 119,423
$ 13,938,234 10,619,064
financial liabilities
Financial liabilities measured at amortised cost:
Short-term $ 4,425,980 2,518,000

-
borrowings Long- 1,500,000
term borrowings 480,411 812,378
Notes payable Accounts payable 5,583,402 6,640,330
Total other 1,103,074 1,206,625
payables $ 13,092,867 11,177,333
2. Credit risk
(1) Risk of credit risk
The carrying amount of financial assets represents the maximum credit exposure amount.
(2) Concentration of credit risk
The Company's outstanding accounts receivable mainly come from foreign customers and subsidiaries. The company's Republic of China
About 53% and 53% of the accounts receivable in 2000 and 109 respectively came from sales to a single customer.
The concentration of credit risk on the remaining accounts receivable is relatively insignificant.
ÿ36ÿ
3. Liquidity risk
The following table shows the contractual maturity dates for financial liabilities, including estimated interest but excluding the effect of netting agreements.
contract 6 months
carrying amount cash flow Within 6-12 months 1-2 years 2-5 years more than 5 years
12/31/110
Non-derivative financial liabilities
bills payable $ 480,411 480,411 480,411 ----
Accounts Payable 5,583,402 5,583,402 5,583,402 ----
Other payables 1,103,074 1,103,074 1,103,074 ----
unsecured bank loan 5,925,980 5,946,978 4,435,045 5,142 1,506,791 - -
lease liability 35,751 37,384 637 1,176 3,412 10,684 21,475
$ 13,128,618 13,151,249 11,602,569 6,318 1,510,203 10,684 21,475
12/31/109
Non-derivative financial liabilities
bills payable $ 812,378 812,378 812,378 ----
Accounts Payable 6,640,330 6,640,330 6,640,330 ----
Other payables 1,206,625 1,206,625 1,206,625 ----
unsecured bank loan 2,518,000 2,519,063 2,519,063 ----
lease liability 40,105 42,044 686 1,478 4,310 10,534 25,036
$ 11,217,438 11,220,440 11,179,082 1,478 4,310 10,534 25,036
The company does not expect that the cash flow analysis of the maturity date will occur significantly earlier, or the actual amount will be
significantly different.
4. Exchange rate risk
(1) Risk of exchange rate risk
The financial assets and liabilities of the Company exposed to significant foreign currency exchange rate risk are as follows:
110.12.31 109.12.31
Foreign currency (thousand yuan) Exchange rate Taiwan dollar foreign currency (thousand yuan) Exchange rate Taiwan dollar
monetary assets
monetary item
US$ 503,152 27.630 13,902,087 367,295 28.430 10,442,194
non-monetary items
dollars 659,415 27.630 18,219,627 692,379 28.430 19,684,337
financial liabilities
monetary item
dollars 185,999 27.730 5,157,750 210,210 28.530 5,997,288
ÿ37ÿ
(2) Sensitivity analysis
The exchange rate risk of the Company's monetary items mainly comes from cash and cash equivalents denominated in foreign currencies,
accounts receivable, other receivables and accounts payable, etc. Foreign currency exchange gains and losses are generated during translation. On
December 31, 110 and 109, when the New Taiwan dollar depreciated or appreciated by 5% relative to the US dollar, and all other factors remained
unchanged, the republic of 110 and 109 The net profit before tax for the year will decrease or increase by RMB 437,217 thousand and RMB 222,245
thousand respectively. The analysis of the two periods is based on the same basis.
(3) Exchange gains and losses of monetary
items The exchange rate information of the exchange gains and losses (including realized and unrealized) of monetary items converted into
functional currencies is as follows:
Average exchange rate for exchange gain or loss for year 109
Average exchange rate for exchange gain or loss $42,523 (103,434)

- -
Taiwan dollar
5. Interest rate
analysis The interest rate exposure of the Company's financial assets and financial liabilities is described in the liquidity risk management of
this note. The sensitivity analysis below is based on the interest rate exposure of derivative and non-derivative instruments at the reporting date. For
floating rate liabilities, the analysis assumes that the amount of the liability outstanding at the reporting date is outstanding throughout the year. The rate of
change used by the Company when reporting interest rates internally to key management personnel is an increase or decrease of 50 basis points in interest
rates, which also represents management's assessment of the reasonably possible range of changes in interest rates.
If the interest rate increases or decreases by 50 basis points, and all other variables remain unchanged, the company's net profit after tax in 110 and
109 will increase or decrease by 2,245,000 yuan and 1,635,000 yuan. The main reason is that The Company's variable rate deposits and borrowings.
6. Fair value information
The management of the Company considers that the Company is classified as financial assets and financial liabilities measured at amortised cost
The carrying amount in the financial statements approximates its fair value.
(20) Financial risk management 1.
Summary The company
is exposed to the following risks due to the use of financial instruments:
(1) Credit risk (2)
Liquidity risk (3) Market
risk This note expresses
the risk exposure information of the above-mentioned risks of the Company, and the objectives, policies and procedures of the Company to measure
and manage risks. For further quantitative disclosure, please refer to the notes to the individual financial report.
ÿ38ÿ
2. Risk Management Framework
The Board of Directors is solely responsible for establishing and supervising the risk management structure of the Company, through continuous internal auditors
Review compliance with policies and regularly report on its operations to the Board of Directors.
The establishment of the company's risk management policy is to identify and analyze the risks faced by the company, to set appropriate risk
limits and controls, and to monitor risks and compliance with risk limits. Risk management policies and systems are regularly reviewed to reflect changes in
market conditions and the Company's operations. The Company develops a disciplined and constructive control environment through training, management
guidelines and operating procedures, so that all employees understand their roles and responsibilities.
3. Credit risk Credit risk refers
to the financial situation arising from the inability of the company to perform its contractual obligations due to the inability of the customer or the counterparty of the financial instrument to perform its contractual obligations.
The risk of loss mainly comes from the Company's accounts receivable from customers and securities investment.
(1) Accounts receivable and other receivables
The company's credit risk exposure is mainly affected by the individual conditions of each customer. However, management also considers
the statistics of the Company's customer base, including the default risk of the industry and country to which the customer belongs, as these factors
may affect credit risk. Management has established a credit policy under which the company is required to analyze the credit rating of each new customer
individually before giving standard payment and shipping terms and conditions. The Company's review includes external ratings or bank notes.
Purchasing limits are established by individual customers and are subject to periodic review. Customers who do not meet the Group's benchmark credit
rating can only trade with the Company on an advance receipt basis.
When monitoring the credit risk of customers, the company groups them according to their credit characteristics, including whether they are
major or minor customers; geographical difference, industry type, aging, maturity date and pre-existing financial difficulties. The main objects of the
Company's accounts and other receivables are the subsidiaries within the Group. Customers rated as high risk are placed on a restricted customer list
and monitored, and future sales to these customers are subject to advance notice.
Take it as a basis.
The Company maintains an allowance for doubtful debts accounts to reflect estimates of losses incurred on trade and other receivables and
investments. The main components of the allowance account consist of specific loss components associated with individual major exposures and
portfolio loss components created for incurred but unidentified losses of similar asset groups. Portfolio loss allowance accounts are determined based
on historical payment statistics for similar financial assets. (2) The credit risk of investment bank deposits, fixed income investments and other financial
instruments is measured and monitored by the financial department of the company. Since the company's transaction counterparties and other parties to
the contract are banks with good credit, financial institutions with investment grade and above, corporate organizations and government
agencies, there is no major doubt about the performance of the contract, so there is no major credit
Use risk.
ÿ39ÿ
(3) Guarantee
that as of December 31, 110 and 109, the company has not provided any endorsement guarantee
certificate.
4. Liquidity risk
Liquidity risk is the risk that the company cannot deliver cash or other financial assets to pay off financial liabilities and fails to
perform relevant obligations. The Company's approach to managing liquidity is to ensure, as far as possible, that the Company, under
normal and stressful circumstances, has sufficient liquidity to cover its liabilities as they fall due, without incurring unacceptable losses or
causing damage to the Company's reputation. risk of damage. The company ensures that there is sufficient cash to cover the expected
operating expenses for 60 days, including the performance of financial obligations, but excludes potential impacts that cannot be
reasonably expected under extreme circumstances, such as natural disasters. In addition, the unused loan amount of the Company on
December 31, 110 and 109 were RMB 2,574,020 thousand and RMB 6,482,000 thousand respectively.
5. Market risk
Market risk refers to the risk that changes in market prices, such as changes in exchange rates, interest rates, and equity instrument prices,
will affect the company's earnings or the value of financial instruments held. The objective of market risk management is to manage and control market risk.
Risk exposure is affordable and the return on investment is optimized. (1) Exchange rate
risk The company is exposed to exchange rate risk arising from sales, purchases and
borrowing transactions that are not denominated in functional currencies
risk. The main denomination currencies for these transactions are New Taiwan Dollars and
US Dollars. The loan interest is denominated in the currency of the loan principal. Generally speaking, the currency of the borrowings is the same as
the currency of the cash flows generated by the Company's operations, mainly in New Taiwan Dollars. In this case, economic hedging is provided without
the need to enter into derivatives, so hedging accounting is not used.
For monetary assets and liabilities denominated in other foreign currencies, when there is a short-term imbalance, the company will
By buying or selling foreign currencies at real-time exchange rates to ensure that net exposure remains at an acceptable level.
(2) Interest rate risk The
company's interest rate risk mainly comes from long-term and short-term borrowings with floating interest rates. Therefore, changes in interest rates will
change the effective interest rates of long-term and short-term borrowings, which will cause fluctuations in future cash flows.
(3) Other market risk
The contract is not delivered on a net basis.
ÿ40ÿ
(21) Capital Management
The company's capital management objective is to ensure the ability to continue operating, to continue to provide shareholder remuneration and other benefits
interests of stakeholders and maintain an optimal capital structure to reduce the cost of capital.
In order to maintain or adjust the capital structure, the company may adjust the dividends paid to shareholders, reduce capital and return shareholders' shares.
money, issue new shares, or sell assets to pay off liabilities.
The debt-to-capital ratios as at December 31, 110 and 109 were as follows:
110.12.31 109.12.31
Total liabilities $ 17,711,319 16,469,282
less: net cash and cash equivalent (567,441) (417,112)
liabilities 17,143,878 16,052,170
Total equity 18,110,071 17,340,065
adjusted capital $ 35,253,949 33,392,235
gearing ratio 48.63 % 48.07 %
7. Transactions with related parties
(1) Name and relationship of related persons
During the period covered by this individual financial report, the related parties that have transactions with the Company and the subsidiaries of the Company, such as
Down:
Related person name Relationship with the company

PT Feng Tay Indonesia Enterprises Subsidiaries of the Company
ÿ
Growth Link Overseas Co., Ltd.

ÿ
Great Eastern Industries Ltd.
PT Rich Valley Indonesia

ÿ
Great South Private Ltd.
VX Holdings Ltd. Subsidiaries indirectly held by the Company

ÿ
Dona Orient Holdings Ltd. Fujian Dafeng

ÿ
Investment Group Co., Ltd. Fujian Lifeng Footwear
ÿ
Development Co., Ltd.
ÿ
Fujian Xiefeng Shoes Co., Ltd. Fujian
ÿ
Sanfeng Shoes Co., Ltd. Fujian Wanfeng
ÿ
Shoes Co., Ltd.
ÿ
Fujian Putian Xiefeng Mould Co., Ltd.
ÿ
Suzhou Yufeng Plastic Technology Co., Ltd.
ÿ
Fujian Ng Fung Shopping Mall Co., Ltd.
Growth-Link Trade Services Co., Ltd. Subsidiaries indirectly held by the company (in the Republic of China in 109
liquidation and dissolution in December)
ÿ41ÿ
Name of related Relationship with the company
person Dona Pacific Holdings Ltd. Subsidiaries indirectly held by the Company
ÿ
VX Mold Co., Ltd.

ÿ
Lotus Footwear Enterprises Ltd.

ÿ
Lotus Footwear Enterprises Ltd. (India Branch)

ÿ
Dona Victor Footwear Co., Ltd.

ÿ
Vietnam Dona Orient Co., Ltd.

ÿ
Vietnam Dona Standard Footwear Co., Ltd.

ÿ
Vung Tau Orient Co., Ltd.

ÿ
Hold Gold Trading Co., Ltd.

ÿ
Vietnam Nam Ha Footwear Co., Ltd.

ÿ
Dona Pacific (Vietnam) Co., Ltd.

ÿ
Dona Victor Molds MFG Co., Ltd.

ÿ
Cheyyar SEZ Developers Private Ltd.

ÿ
East Wind Footwear Co., Ltd.

ÿ
East Wind Footwear Co., Ltd. (India Branch)

ÿ
Fairway Enterprises Co., Ltd.

ÿ
Fairway Enterprises Co., Ltd. (India Branch)

Trade Continent Ltd. "(It was liquidated and dissolved in December 109 of the Republic of China).
Shoe Majesty Co., Ltd. The Company is a joint venture of the joint venturers under the Joint Agreement
Shoe Majesty Trading Co., Ltd. "(It was liquidated and dissolved in December 110 of the Republic of China).
Vietnam Shoe Majesty Co., Ltd. The Company is a joint venture of the joint venturers under the Joint Agreement
Hong Kong Shoe Majesty Trading Co., Ltd.
(2) Significant transactions with related parties
1. Operating income
(1) Sales revenue
The company's income to related parties includes the sale of raw materials and production equipment for shoes and sports goods, including
The big sale amounts are as follows:
Year 110 Year 109

Subsidiary
Vietnam Donate Orient Co., Ltd. $ 1,107,988 1,707,345
Vietnam Dona Standard Footwear Co., Ltd. Fujian Xiefeng 672,481 1,510,260
Footwear Co., Ltd. Other Subsidiaries 534,658 1,106,976
2,369,994 4,489,280
$ 4,685,121 8,813,861
ÿ42ÿ
When the company prepares the individual financial report, the sales revenue generated from the sales of raw materials to subsidiaries and
The operating cost of purchasing goods from subsidiaries was reversed due to repeated purchases and sales. In 110 and 109
The amounts eliminated were 16,899,995 thousand and 11,148,125 thousand respectively.
The above sales and collection terms are between O/A 15 days ~ O/A 90 days. Its sales price is determined on a negotiated basis, and there is no
Other general non-related transaction objects can be compared.
(2) Income from technical services
The company provides technical support and management services for footwear and sporting goods to related parties, and receives technical service reports.
Remuneration details are as follows:
Year 110 Year 109

Subsidiary
Vietnam Dona Orient Co., Ltd. Fujian Xiefeng $ 123,889 118,194
-
Footwear Co., Ltd. Fujian Lifeng Footwear 101,855
-
Development Co., Ltd. Fujian Putian Xiefeng Mould 68,038
Co., Ltd. Fujian Sanfeng Footwear Co., Ltd. 65,509 54,585
-
55,992
Growth-Link Overseas Co., Ltd. 9,018 234,563
Hold Gold Trading Co., Ltd. Other Subsidiaries 6,019 556,740
Joint Ventures which are Joint Ventures under 131,321 395,520
-
the Joint Agreement 3,553
$ 561,641 1,363,155
Due to the integration of the group's business, some sales activities have been transferred to the company, so technical fees are collected from the subsidiaries.
Remuneration for technical services is reduced.
2. Purchase
The company's purchases to related parties include finished shoes, sporting goods and a small amount of raw materials. The amounts are as follows:
Year 110 Year 109

Subsidiary
Vietnam Dona Standard Footwear Co., Ltd. Other Subsidiaries $ 8,445,864 5,642,141
32,721,191 23,382,511
$ 41,167,055 29,024,652
When the company prepares the individual financial report, the sales revenue generated from the sales of raw materials to the subsidiaries and the
The operating cost of the purchased goods of the subsidiary was reversed due to repeated purchases and sales.
The eliminated amounts were $16,899,995 thousand and $11,148,125 thousand respectively.
ÿ43ÿ
The increase in the amount of purchases from subsidiaries in the Republic of China in 110 was mainly due to the adjustment of the group's business since 109.
Together, the sales activities will be transferred to the company for execution.
The above-listed delivery payment terms are between FCR 15 days ~ FCR 90 days. Its purchase price is determined by negotiation, and there is no
Other general non-related transaction objects can be compared.
3. Other transactions
In 110 years of the Republic of China, the company paid the subsidiary to provide investment and operation management consulting services of 106,704,000
Yuan.
4. Receivables from related parties
The details of the company's receivables from related parties are as follows:
Accounts Related person category 110.12.31 109.12.31

Receivable Subsidiary
Fairway Enterprises Co., $ 806,101 361,496
Ltd.(IndiaBranch)
Vietnam Donate Orient Co., Ltd. 755,648 567,334

Vietnam Dona Standard Footwear 723,042 953,720
Co., Ltd.
East Wind Footwear Co., 658,097 364,515
Ltd.(IndiaBranch)
Lotus Footwear Enterprises 635,357 528,359
Ltd.(IndiaBranch)
Other Subsidiaries 954,520 716,806
Other Receivable Subsidiaries
Lotus Footwear Enterprises Ltd. 53 148,935
(India Branch)
Other subsidiaries 287 298
$ 4,533,105 3,641,463
ÿ44ÿ
5. Payments due to related parties
The details of the company's payables to related parties are as follows:
Accounts Related person category 110.12.31 109.12.31

Payable Subsidiary
Vietnam Dona Standard Footwear $ 620,707 971,731
Co., Ltd.
Dona Victor Footwear Co., Ltd. 473,109 733,032
Fairway Enterprises Co., Ltd. 471,481 240,869
(India Branch)
PT Feng Tay Indonesia 466,714 282,455
Enterprises
Lotus Footwear Enterprises Ltd. 440,296 324,321
(India Branch)
Dona Pacific (Vietnam) Co., Ltd. Other 382,773 530,685
Subsidiaries Other Payable Subsidiaries 1,238,030 1,183,281
12,979 24,236
$ 4,106,089 4,290,610
6. Property transactions
(1) Disposal of real estate, plant and equipment
The details of the sale of real estate, plant and equipment by the Company to related parties are summarized as follows:
110 Disposal Year 109
price of related parties Disposal profit and loss by price disposal profit and loss
Subsidiary $24,113 4,375 7,426 1,054
(3) Remuneration of key management personnel
Key management personnel compensation includes:
Year 110 Year 109

short-term employee benefits $ 231,236 226,265
Post-retirement benefits 660 719
$ 231,896 226,984
8. Pledged assets: none.
9. Significant contingent liabilities and unrecognized contractual commitments
(1) The company signed a long-term and short-term loan contract with a bank on December 31, 110 and 109 of the Republic of China.
Lizhi Guarantee Notes 6,000,000 thousand yuan and 6,000,000 thousand yuan.
(2) On December 31, 110 and 109 of the Republic of China, the company has signed important construction contracts but has not yet paid
The prices were $84,499,000 and $245,365,000 respectively.
ÿ45ÿ
10. Major disaster losses: none.
11. Significant post-period events: none.
12. Others
Employee benefits, depreciation and amortization expense are summarized by function as follows:
functional class 110 years Year 109
belong to business belong to business belong to business belong to business

total total
gender coster expenser coster expenser
Employee Benefit Expenses
Salary cost $ 514,419 2,499,554 3,013,973 620,924 2,551,855 3,172,779
Labor health 45,220 199,149 244,369 45,964 184,349 230,313
insurance cost pension cost 19,477 122,457 141,934 22,700 118,327 141,027
Director's Remuneration
-
108,576 108,576 -
116,906 116,906
Other employee benefit expenses 13,625 58,171 71,796 23,040 80,987 104,027
Depreciation expense 62,532 137,409 199,941 55,295 133,373 188,668
Amortization fee 1,997 20,882 22,879 1,359 17,841 19,200
Additional information on the number of employees and employee welfare expenses of the Company in 110 and 109 is as follows:
110 Year 2,640 Year 109
number of workers 2,633
Number of directors who are not concurrently employees 12 12
Average employee benefit expense $ 1,321 1,392
Average Employee Salary Expenses $ 1,147 1,211
Adjustment of Average Employee Salary Expenses (5.28)% (3.51)%
- -
Supervisor's remuneration $
The company's remuneration policy (including directors, managers and employees) information is as follows:
(1) According to the articles of association of the company, the remuneration of directors shall be authorized by the board of directors in accordance with the evaluation of the compensation and remuneration committee and the general level of the industry.
Fixed payment. If there is a profit in the year, it should set aside not less than 2% as employee compensation, and not more than 1%.
8. Remuneration for directors. The "profit" refers to the pre-tax net profit before the remuneration of employees and directors' remuneration is deducted.
(2) The salary and remuneration of managers includes monthly salary, year-end bonus and performance bonus, according to the company's "Staff Salary Standard Table",
"Year-end bonus payment method", "performance bonus method" or the industry's usual level negotiated, approved by the salary and remuneration committee
After evaluation by the committee, a recommendation is made to the board of directors.
(3) The salary and remuneration of employees shall be in accordance with the company's "Staff Salary Standard Table", "Evaluation Salary Standard" and various bonus payment methods.
handle.
ÿ46ÿ
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255,396 2% -
ÿÿÿÿÿ Indonesia ÿÿÿcÿÿ
Enterprises ÿÿÿÿÿÿÿ
ÿÿ ÿ ÿ ÿ ÿ ÿ
Kÿÿ
ÿ ÿ ÿ ÿ
ÿÿ 6,439,875 11% 20ÿ -
(466,714) (8%) -
ÿ ÿ ÿ
Dona Pacific ÿÿ 1,152,253 2% 60ÿ -
125,865 1% -
(Vietnam) Co.,
Ltd.
ÿ ÿ ÿ ÿ
ÿÿ 5,550,031 9% 10ÿ -
(382,773) (6%) -
ÿ ÿ ÿ
Vietnam Dona ÿÿ 3,101,699 5% 90ÿ -
755,648 6% -
Orient Co., Ltd.
ÿ ÿ ÿ ÿ
ÿÿ 4,994,902 8% 10ÿ -
(307,927) (5%) -
ÿ ÿ ÿ
Dona Victor ÿÿ 1,547,906 2% 15ÿ -
198,058 2% -
Footwear Co., Ltd.
ÿ ÿ ÿ ÿ
ÿÿ 6,649,977 11% 30ÿ -
(473,109) (8%) -
ÿ ÿ ÿ
Lotus Footwear ÿÿ 2,163,577 3% 60/90ÿ -
635,357 5% -
Enterprises Ltd.
(India Branch)
ÿ ÿ ÿ ÿ
ÿÿ 4,848,769 8% 30ÿ -
(440,296) (7%) -
ÿ ÿ
ÿ ÿÿÿÿÿÿÿ ÿÿ 809,682 1% 15ÿ -
36,475 - -
ÿÿÿÿ
ÿ ÿ ÿ ÿ
ÿÿ 3,288,783 5% 15ÿ -
(176,091) (3%) -
ÿ ÿ
ÿÿÿÿÿÿÿÿ ÿÿ 723,101 1% 15ÿ -
18,973 - -
z
ÿ ÿ ÿ ÿ
ÿÿ 2,892,034 5% 15 ÿ -
(164,337) (3%) -
ÿ ÿ
ÿÿÿÿÿÿÿÿ ÿÿ 1,232,259 2% 15ÿ -
79,985 1% -
z
ÿ ÿ ÿ ÿ
ÿÿ 3,128,227 5% 15ÿ -
(140,865) (2%) -
ÿ ÿ
ÿÿÿÿÿÿÿÿ ÿÿ 225,414 -
15 ÿ -
31,113 - -
z
ÿ ÿ ÿ ÿ
ÿÿ 1,071,274 2% 60 ÿ -
(149,792) (2%) -
ÿ ÿ ÿ
Vietnam Dona ÿÿ 3,640,271 5% 90ÿ -
723,042 6% -
Standard Footwear
Co., Ltd.
ÿ ÿ ÿ ÿ
ÿÿ 11,413,654 19% 10 ÿ -
(620,707) (10%) -
ÿ47ÿ!
! ! !
!
ÿÿÿÿÿÿÿ ÿÿ
ÿÿ(b)ÿÿÿÿÿ
ÿÿÿÿÿ Vung Tau Orient ÿ 562,934 1% 90ÿ ÿÿÿÿÿÿÿ -

126,359 1% -
ÿÿÿÿÿ Co., Ltd. ÿÿÿcÿÿ
ÿÿÿÿÿÿÿ
ÿÿ ÿ ÿ ÿ ÿ ÿ
Kÿÿ
ÿ ÿ ÿ ÿ
ÿÿ 1,465,530 2% 10ÿ -
(99,973) (2%) -
ÿ ÿ
ÿÿÿÿÿÿÿÿ ÿÿ 119,318 -
15ÿ -
9,094 - -
z
ÿ ÿ ÿ
East Wind ÿÿ 1,801,782 3% 60/90ÿ -
658,097 5% -
Footwear Co.,
Ltd.(India Branch)
ÿ ÿ ÿ ÿ
ÿÿ 3,029,376 5% 10 ÿ -
(185,520) (3%) -
ÿ ÿ ÿ
Fairway ÿÿ 2,257,666 3% 60/90ÿ -
806,101 7% -
Enterprises Co.,
Ltd. (India Branch)
ÿ ÿ ÿ ÿ
ÿÿ 3,077,885 5% 30 ÿ -
(471,481) (8%) -
ÿ ÿ
ÿ ÿ ÿ ÿ ÿÿ ÿÿ ÿÿ 453,784 1% 15ÿ -
70,220 1% -
z
ÿ ÿ ÿ ÿ
ÿÿ 160,665 -
30ÿ -
(10,115) - -
ÿ
Growth-Link ÿÿÿÿÿÿÿ ÿ 132,990 48% ÿÿÿÿ - - - -
Overseas ÿÿÿ
Co., Ltd.
ÿ ÿ ÿ ÿ ÿ
East Wind 143,633 52% - - - -
Footwear Co.,
Ltd.(India Branch)
ÿ
PT Feng Tay ÿÿÿÿÿÿÿ ÿÿÿÿÿ ÿÿ 6,439,875 100% 20ÿ -
466,714 100% -
Indonesian
Enterprises
ÿ ÿ ÿ ÿ
ÿÿ 1,775,098 43% 30ÿ -
(255,396) (48%) -
ÿ
ÿÿÿÿÿ ÿÿÿÿÿÿÿ ÿÿÿÿÿ ÿÿ 3,288,783 74% 15ÿ -
176,091 67% -
ÿÿ z
ÿlj
ÿ ÿ ÿ ÿ
ÿÿ 809,682 30% 15ÿ -
(36,475) (20%) -
ÿ ÿ
ÿÿÿÿÿÿÿÿ ÿÿÿÿ 292,491 11% 10~15ÿ -
(29,281) (16%) -
z
ÿ ÿ ÿ
ÿÿÿÿÿÿÿÿ 182,653 7% 10~15ÿ -
(9,709) (5%) -
z
ÿ
140,865 34% -
ÿÿÿÿÿ z
ÿ ÿ
ÿ ÿÿÿÿÿÿÿ ÿÿÿÿ 292,491 6% 10~15ÿ -
29,281 7% -
ÿÿÿÿ
ÿ ÿ ÿ
ÿÿÿÿÿÿÿÿ 154,718 3% 15~20ÿ -
11,009 3% -
z
ÿ
ÿ ÿÿ ÿ ÿ ÿ ÿÿ ÿÿÿÿÿ ÿÿ 1,232,259 48% 15ÿ -
(79,985) (38%) -
z
ÿ ÿ
ÿÿÿÿÿÿÿÿ ÿÿÿÿ 209,542 8% 10~15ÿ -
(5,048) (2%) -
z
ÿ
164,337 72% -
ÿÿÿÿÿ z
ÿ ÿ ÿ ÿ
ÿÿ 723,101 38% 15ÿ -
(18,973) (12%) -
ÿ ÿ
ÿÿÿÿÿÿÿÿ ÿÿÿÿ 154,718 8% 15~20ÿ -
(11,009) (7%) -
z
ÿ ÿ ÿ
ÿ ÿ ÿÿ ÿ ÿÿ ÿ 194,624 10% 10~15ÿ -
(9,854) (6%) -
z
ÿ
ÿÿÿÿÿ Growth-Link ÿÿÿÿÿ ÿÿ 132,990 11% ÿÿÿÿ - - - -
ÿÿÿÿÿ Overseas Co., Ltd.

ÿ ÿ
ÿ ÿÿ ÿ ÿ ÿ ÿÿ ÿÿÿÿÿ 1,071,274 87% 60ÿ -
149,792 96% -
z
ÿ ÿ ÿ ÿ
ÿÿ 225,414 28% 15ÿ -
(31,113) (22%) -
ÿ ÿ
ÿÿÿÿÿÿÿÿ ÿÿÿÿ 144,301 18% 60ÿ -
(29,286) (21%) -
z
ÿ48ÿ!
! ! !
!
ÿÿÿÿÿÿÿ ÿÿ
ÿÿ(b)ÿÿÿÿÿ
ÿÿÿÿÿ ÿÿÿÿÿÿÿ ÿÿÿÿ ÿÿ 209,542 23% 10~15ÿ ÿÿÿÿÿÿÿ -

5,048 8% -
ÿ ÿÿÿ ÿ z ÿÿÿcÿÿ
z ÿÿÿÿÿÿÿ
ÿÿ ÿ ÿ ÿ ÿ ÿ
Kÿÿ
ÿ ÿ ÿ
ÿ ÿÿÿÿÿÿÿ 182,653 20% 10~15ÿ -
9,709 15% -
ÿÿÿÿ
ÿ ÿ ÿ
ÿÿÿÿÿÿÿÿ 144,301 16% 60ÿ -
29,286 46% -
z
ÿ ÿ ÿ
ÿÿÿÿÿÿÿÿ 194,624 21% 10~15ÿ -
9,854 15% -
z
ÿ ÿ ÿ
ÿ ÿ ÿ ÿ ÿÿ ÿÿ 119,166 13% 15~20ÿ -
5,925 9% -
z
ÿ
ÿ ÿÿ ÿ ÿ ÿ ÿÿ ÿÿÿÿÿ ÿÿ 119,318 50% 15ÿ -
(9,094) (47%) -
z
ÿ
ÿÿÿÿ ÿÿÿÿÿÿÿ ÿÿÿÿÿ ÿÿ 160,665 17% 30ÿ -
10,115 14% -
az z
ÿlj
ÿ ÿ ÿ ÿ
ÿÿ 453,784 73% 15ÿ -
(70,220) (90%) -
ÿ
ÿÿÿÿÿÿÿÿ ÿÿÿÿ ÿÿ 119,166 19% 15~20ÿ -
(5,925) (8%) -
z
ÿ
Vietnam Hong Kong Shoe ÿÿÿÿ ÿÿ 4,239,426 98% ÿÿÿÿ -
491,406 98% -
Shoe Majesty Majesty
Co., Ltd.Trading
Co., Ltd.
ÿ
Hong Kong Vietnam Shoe ÿÿÿÿ ÿÿ 4,239,426 100% ÿÿÿÿ -
(491,406) (96%) -
Shoe Majesty Majesty Co., Ltd.
Trading Co.,
Ltd.
ÿ
Dona Victor ÿÿÿÿÿÿÿ ÿÿÿÿÿ ÿÿ 6,649,977 100% 30ÿ -
473,109 99% -
Footwear z
Co., Ltd.
ÿ ÿ ÿ ÿ
ÿÿ 1,547,906 76% 15ÿ -
(198,058) (44%) -
ÿ ÿ ÿ
Dona Pacific ÿÿÿÿ 140,799 7% 60ÿ -
(14,825) (3%) -
(Vietnam) Co.,
Ltd.
ÿ ÿ ÿ ÿ
Dona Victor 153,808 8% 30ÿ -
(22,138) (5%) -
Molds Mfg. Co.,
Ltd.
ÿ ÿ ÿ ÿ
Vietnam Dona 166,707 8% 60ÿ -
(10,507) (2%) -
Standard Footwear
Co., Ltd.
The Pacific Ocean ÿ ÿ ÿ ÿÿ ÿÿÿÿÿ ÿÿ 5,550,031 94% 10ÿ
ÿ
-
382,773 90% -
(Vietnam) zÿÿ
Co., Ltd.
ÿ ÿ ÿ
Vietnam Dona ÿÿÿÿ 128,237 2% 60ÿ -
13,578 3% -
Standard Footwear
Co., Ltd.
ÿ ÿ ÿ ÿ
Dona Victor 140,799 2% 60ÿ -
14,825 3% -
Footwear Co., Ltd. ÿ
ÿ
ÿÿ ÿ ÿ ÿ ÿÿ ÿÿÿÿÿ ÿÿ 1,152,253 54% 60ÿ -
(125,865) (37%) -
z
ÿ
Vietnam ÿÿÿÿÿÿÿ ÿÿÿÿÿ ÿÿ 4,994,902 70% 10ÿ -
307,927 47% -
Dona Orient ÿÿÿÿ
Co., Ltd.
ÿ ÿ ÿ ÿ
ÿÿ 3,101,699 79% 90ÿ -
(755,648) (76%) -
ÿ ÿ ÿ
Vietnam Dona ÿÿÿÿ 163,465 4% 60ÿ -
(44,230) (4%) -
Standard Footwear
Co., Ltd.
ÿ ÿ ÿ ÿ
Dona Victor 145,877 4% 30ÿ -
(18,727) (2%) -
Molds Mfg. Co.,
Ltd.
ÿ
Dona Victor Dona Victor ÿÿÿÿ ÿÿ 153,808 25% 30ÿ -
22,138 33% -
Molds Mfg. Footwear Co., Ltd.
Co., Ltd.
ÿ49ÿ!
! ! !
!
ÿÿÿÿÿÿÿ ÿÿ
ÿÿ(b)ÿÿÿÿÿ
Dona Victor Vietnam Dona ÿÿÿÿ ÿÿ 145,877 23% 30ÿ ÿÿÿÿÿÿÿ -
18,727 28% -
Molds Mfg. Orient Co., Ltd. ÿÿÿcÿÿ
Co., Ltd. ÿÿÿÿÿÿÿ
ÿÿ ÿ ÿ ÿ ÿ ÿ
Kÿÿ
ÿ ÿ ÿ ÿ
23,958 35% -
Standard Footwear
98% 10ÿ ÿ
100% -
Vung Tau ÿÿÿÿÿ ÿÿ 1,465,530 -
99,973
Orient Co., z
Ltd.
ÿ ÿ ÿ ÿ
ÿÿ 562,934 95% 90ÿ -
(126,359) (64%) -
ÿ
Vietnam ÿÿÿÿÿÿÿ ÿÿÿÿÿ ÿÿ 11,413,654 96% 10ÿ -
620,707 89% -
Dona z
Standard
Footwear
Co., Ltd.
ÿ ÿ ÿ
Dona Victor ÿÿÿÿ 166,707 1% 60ÿ -
10,507 2% -
Footwear Co., Ltd.
ÿ ÿ ÿ ÿ
44,230 6% -
Orient Co., Ltd. ÿ
ÿ
ÿÿ ÿ ÿ ÿ ÿÿ ÿÿÿÿÿ ÿÿ 3,640,271 88% 90ÿ -
(723,042) (58%) -
z
ÿ ÿ ÿ
Dona Pacific ÿÿÿÿ 128,237 3% 60ÿ -
(13,578) (1%) -
(Vietnam) Co.,
Ltd.
ÿ
Dona Victor ÿ ÿ
280,737 7% 30ÿ
ÿ
-
(23,958) (2%) -
Molds Mfg. Co.,
Ltd.
ÿ
East Wind Growth- Link ÿÿÿÿÿ ÿÿ 143,633 5% ÿÿÿÿ
- - - -
Footwear Overseas Co., Ltd.

Co., Ltd.
(India
Branch)
ÿ ÿ ÿ
ÿ ÿ ÿ ÿ ÿ ÿÿ 3,029,376 95% 10ÿ -
185,520 100% -
z
ÿ ÿ ÿ ÿ
ÿÿ 1,801,782 97% 60/90ÿ -
(658,097) (95%) -
ÿ
Lotus ÿÿÿÿÿÿÿ ÿÿÿÿÿ ÿÿ 4,848,769 98% 30ÿ -
440,296 97% -
Footwear z
Enterprises
Ltd.(India
Branch)
ÿ ÿ ÿ ÿ
ÿÿ 2,163,577 100% 60/90ÿ -
(635,357) (95%) -
ÿ
Fairway ÿÿÿÿÿÿÿ ÿÿÿÿÿ ÿÿ 3,077,885 100% 30ÿ -
471,481 100% -
Enterprises z
Co., Ltd.
(India
Branch)
ÿ ÿ ÿ ÿ
ÿÿ 2,257,666 98% 60/90ÿ -
(806,101) (95%) -
ÿ 1 ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ ÿ ÿÿ ÿ ÿ ÿ ÿ ÿ
ÿ 2 ÿÿ ÿÿ ÿÿÿÿ ÿ ÿ ÿ ÿ ÿ ÿÿÿ ÿÿÿ ÿ ÿ
8. ÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿÿÿÿ
ÿÿÿÿÿÿÿÿ
ÿÿÿÿÿ ÿÿÿÿ !
! ÿÿÿÿÿ ! ÿÿÿÿÿÿÿeeÿ ÿÿÿÿÿeeÿ ÿÿÿ

ÿÿÿÿÿÿÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ! ! ÿ ÿ ÿ ÿ ÿ (ÿ) ÿÿ ÿ! ! ! ÿ ÿ ÿ ÿÿ ÿÿ ÿÿ ÿ ÿ ÿ ÿ ÿ
PT Feng Tay Indonesia Go 255,396 7.72 - -
253,958 -
ÿlj Enterprises
ÿ ÿ
Dona Pacific (Vietnam) 125,865 12.53 - -

88,530 -
Co., Ltd.
ÿ ÿ
Vietnam Dona Orient Co., Ltd. 755,648 4.88 - -
371,526 -
ÿ ÿ
Dona Victor Footwear Co., Ltd. 198,058 9.37 16,771 -
198,058 -
ÿ ÿ
Vietnam Dona Standard 723,042 4.40 - -
369,252 -
Footwear Co., Ltd.
ÿ50ÿ!
! ! !
!
ÿÿÿÿÿ ÿÿÿÿ !
! ÿÿÿÿÿ ! ÿÿÿÿÿÿÿeeÿ ÿÿÿÿÿeeÿ ÿÿÿ
ÿ ÿ ÿ ÿ ÿ ÿ ÿ! ! ÿ ÿ ÿ ÿ ÿ (ÿ) ÿÿ ÿ! ! ! ÿ ÿ ÿ ÿÿ ÿÿ ÿÿ ÿ ÿ ÿ ÿ ÿ
ÿÿÿÿÿÿÿÿ Vung Tau Orient Co., Ltd. ÿÿ ÿÿÿ 126,359 3.86 - -

69,455 -
ÿlj
ÿ ÿ
Lotus Footwear 635,357 3.72 - -
367,515 -
Enterprises Ltd. (India

Branch)
ÿ ÿ
East Wind Footwear Co., Ltd. 658,097 3.52 120,717 -
254,439 -
(India Branch)
ÿ ÿ
Fairway Enterprises Co., Ltd. 806,101 3.87 17,169 -

500,905 -
(India Branch)
PT Feng Tay ÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿ 466,714 17.11 - -

125,211 -
Indonesia
Enterprises
ÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿlj ÿÿÿÿlj ÿÿÿlj 176,091 18.75 - -

75,565 -
ÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿlj ÿÿÿÿlj ÿlj 140,865 18.71 - -

43,616 -

100,255 -

12,183 -
Vietnam Shoe Hong Kong Shoe Majesty ÿÿÿÿ 491,406 7.43 - -

101,877 -
Majesty Co., Ltd. Trading Company Limited
Dona Victor ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿ 473,109 11.03 - - - -
Footwear Co., Ltd.
Dona Pacific ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿ 382,773 12.15 - -

125,168 -
(Vietnam) Co., Ltd
Vietnam Dona ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿ 307,927 15.37 - -

141,319 -
Orient Co., Ltd.
Vietnam Dona ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿ 620,707 14.35 - -

409,997 -
Standard Footwear Co.,

Ltd.
East Wind Footwear ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿ 185,520 16.88 - -
81,482 -
Co., Ltd. (India

Branch)
Lotus Footwear ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿ 440,296 12.63 - -
68,121 -
Enterprises Ltd.
(India Branch)
Branch) ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿ Fairway Enterprises Co., Ltd. (India 471,481 8.61 - -
144,355 -
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
9.ÿÿÿÿÿÿÿÿÿcÿ
ÿ51ÿ!
! ! !
!
(ÿ) ÿÿ ÿ ÿ ÿÿ ÿ ÿ ÿ
ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ (ÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ) ÿ
ÿÿÿÿÿÿÿÿ
ÿ ÿ ÿÿ ÿ ÿ ÿ ÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ! ! ÿ ÿ! ! ! ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ ÿÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ ÿ ÿ ÿ ÿ (ÿ) ÿ ÿ ÿ (ÿ) ÿÿÿÿ ÿÿÿÿÿ ÿÿÿÿÿ
ÿ ÿ! D
ÿÿÿÿÿ PT Feng Tay ÿÿ ÿÿÿÿÿÿ 1,322,618 1,322,618 53,900 99.81% 1,137,987 197,984 198,352
ÿÿÿÿÿ Indonesia ÿ ÿÿÿ ÿ ÿ ÿ (ÿ 5)
Enterprises ÿ ÿÿÿÿ ÿ ÿ
ÿÿÿ
ÿ ÿ ÿ
PT Rich Valley ÿÿÿÿÿÿ 379,350 221,479 179,990 99.99% 355,271 673 673
Indonesia ÿ ÿÿÿ ÿ ÿ ÿ
ÿÿÿÿÿÿÿ
ÿÿÿ
ÿ
Growth-Link Bermuda ÿÿÿiŠÿ 5,521,531 5,521,531 6,000,000 100.00% 13,001,968 1,707,740 1,707,740
ÿ
Overseas Co., ÿÿÿÿÿÿ

Ltd.
ÿÿ
ÿ ÿ
VX Holdings British 7 ÿ ÿ ÿ ÿ ÿ 447,734 447,734 38,280 47.26% 773,454 303,025 143,209

Ltd. Virgin
Islands
ÿ ÿ
Shoe Majesty 3 ÿ ÿ ÿ ÿ ÿ 203,466 203,466 6,120 20.40% 285,461 38,756 7,906 ÿÿÿÿ
Co., Ltd. ÿÿÿÿ
ÿlj
ÿ ÿ
Dona Orient 29 ÿ ÿ ÿ ÿ 29 1,529,723 1,529,723 44,753 40.97% 2,624,544 (329,461) (134,980) ÿÿÿ
Holdings Ltd. (ÿ5)
ÿ
Great Eastern , ÿ ÿ ÿ ÿ ÿÿ 30,358 30,358 1,000 100.00% 35,026 4,976 4.976 ÿÿÿ
Industries
(ÿ 5)
Ltd.
ÿ
Great South 10 ÿ ÿ ÿ ÿ ÿ ÿ 10 6,105 -
300 100.00% 5,916 (218) (218)
ÿ
Private Ltd.
Growth-Link VX Mold Co., Overseas British , ÿ ÿ ÿ ÿ ÿ 13,837 13,837 372,000 93.00% 276,891 148,068 137,703 ÿÿÿ
Co., Ltd. Virgin (ÿ 5)
Ltd. Islands
ÿ ÿ
VX Holdings 2 ÿ ÿ ÿ ÿ 2 262,700 262,700 36,342 44.87% 771,282 303,025 135,958 ÿÿÿÿ

Ltd. ÿÿÿÿ
ÿÿ(ÿ5)
ÿ
Dona Pacific ÿÿÿÿÿÿÿ 344,662 344,662 23,000 92.00% 1,004,162 257,113 236,544 ÿÿÿ
Holdings Ltd. ÿÿÿÿÿÿ (ÿ 5)
ÿ ÿ
Shoe Majesty 2 ÿ ÿ ÿ ÿ 2 222,291 222,291 8,580 28.60% 415,838 38,756 11,084 ÿÿÿÿ
Co., Ltd. ÿÿÿÿ
ÿlj
ÿ ÿ
Dona Orient 8 ÿ ÿ ÿ ÿ 8 1,819,370 1,819,370 64,483 59.03% 4,063,557 (329,461) (194,481) ÿÿÿ
Holdings Ltd. (ÿ 5)
ÿ ÿ ÿ
Lotus Footwear ÿÿÿÿÿÿ 1,879,945 1,879,945 34,020 88.00% 3,409,422 436,506 384,126
Enterprises Ltd. ÿÿÿÿÿÿ
ÿÿÿ ÿÿ
ÿ
PT Rich Valley ÿÿÿÿÿÿ 20 20 10 0.01% 36 673 - ÿÿÿÿ

Indonesia ÿ ÿÿÿ ÿ ÿ ÿ ÿÿÿÿ
ÿÿÿÿÿÿÿ ÿÿ (ÿ 5)
ÿÿÿ
ÿ ÿ
Cheyyar SEZ ÿÿ ÿÿÿ ÿÿ ÿÿ - -

1 0.01% -
(37,447) -
Developers W
Private Ltd.
VX Holdings Dona Victor ÿÿÿÿÿÿÿ 911,354 911,354 ÿ 4 100.00% 1,717,788 303,676 303,676 ÿÿÿ
Ltd. Footwear Co., ÿ ÿ ÿ ÿ ÿÿ (ÿ 5)
Ltd.
ÿÿÿÿÿÿÿ
Shoe Majesty Shoe Majesty British ÿ ÿ ÿ ÿÿ ÿÿ -

11,328 - 100.00% -
(8,697) (8,697) ÿÿÿ
Co., Ltd. Trading Co., Virgin
Ltd. Islands
ÿ52ÿ!
! ! !
!
ÿ ÿ ÿÿ ÿ ÿ ÿ ÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ! ! ÿ ÿ! ! ! ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ ÿÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ ÿ ÿ ÿ ÿ (ÿ) ÿ ÿÿÿÿ ÿÿÿÿÿ ÿÿÿÿÿ

ÿ ÿ (ÿ) ÿ ÿ! D
Shoe Majesty Hong Kong ,5 ÿ ÿ ÿ ÿ ÿÿ 5,526 200 100.00%
5,526 77,058 54,983 ÿÿÿ 54,983
Co., Ltd. Shoe Majesty
Trading Co.,
Ltd.
ÿ ÿ
Vietnam Shoe ÿ ÿ ÿÿ ÿ ÿ ÿ 1,022,310 1,022,310 ÿ 4 100.00% 1,376,625 (7,338) (7,338)
Majesty Co.,
Ltd.
Dona Orient Vietnam Dona ÿÿÿÿÿÿÿ 1,215,720 1,215,720 ÿ 4 100.00% 1,634,874 141,204 141,204 ÿÿÿ
Holdings Ltd. Orient Co., Ltd. ÿ ÿ ÿ ÿ ÿÿ (ÿ 5)
ÿÿÿÿÿÿÿ
ÿ ÿ ÿ
ÿ. Vietnam Dona ÿÿÿÿÿÿ 2,091,591 2,091,591 100.00% 3,910,947 (387,138) (387,138)
Standard ÿ ÿ ÿ ÿ ÿÿ
Footwear Co., ÿÿÿÿÿÿÿ
Ltd.
ÿ
ÿ. Hold Gold British ÿÿÿÿÿÿÿ 2,763 2,763 100 100.00% 5,541 1,206 1,206
Trading Co., Virgin ÿÿÿÿÿÿÿ
Ltd. Islands
ÿÿ
ÿ
ÿ .. Vung Tau ÿÿÿÿÿÿ 503,507 420,617 ÿ 4 100.00% 588,665 (76,868) (76,868)
Orient Co., Ltd. ÿÿÿÿÿÿÿ
ÿ ÿ ÿ ÿ
Vietnam South ÿÿÿÿÿÿ 746,010 602,334 100.00% 735,801 (7,699) (7,699)
Ha Footwear ÿ ÿ ÿ ÿ ÿÿ
VX Mold Dona Victor ÿÿ ÿÿÿÿÿÿ 85,653 85,653 ÿ 4 100.00% 296,329 148,681 148,681 ÿÿÿ
Co., Ltd. Molds Mfg. ÿÿÿÿÿÿÿbh (ÿ 5)
Co., Ltd. ÿÿÿÿ
Dona Pacific Dona Pacific ÿÿÿÿÿÿÿ 552,600 828,900 ÿ 4 100.00% 1,091,365 257,734 257,734 ÿÿÿ
Holdings Ltd. (Vietnam) Co., ÿ ÿ ÿ ÿ ÿÿ (ÿ 5)
Ltd.
ÿÿÿÿÿÿÿ
Lotus Cheyyar SEZ ÿÿ ÿÿÿ ÿÿ ÿÿ 2,505,713 2,394,957 94,999,999 99.99% 2,065,048 (37,447) (37,447) ÿÿÿ
Footwear Developers W (ÿ 5)
Enterprises Private Ltd.
Ltd.
ÿ ÿ
East Wind British ÿ ÿ ÿ ÿ ÿÿ 456,785 456,785 9,751 100.00% 714,917 (49,770) (49,770)
Footwear Co., Virgin ÿÿÿÿÿÿ
Ltd. Islands
ÿ ÿ ÿ
Fairway ÿ ÿ ÿ ÿ ÿÿ 1,334,584 1,091,440 24,151 100.00% 1,400,000 103,030 103,030

Enterprises Co., ÿÿÿÿÿÿ
Ltd.
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ÿÿÿÿÿÿÿÿ
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ÿÿÿÿÿÿ ÿ! ÿ ÿya(ÿ)ÿ ÿ ÿÿ ÿ ÿ ÿ ÿ (ÿ) ÿ ÿÿÿÿ ÿÿÿÿ
ÿÿÿÿ Bÿ ÿÿÿÿÿ ÿÿÿÿÿ
(ÿ 7) ÿÿ ÿÿ (ÿ 8) ÿÿÿÿÿ (ÿ 8) (ÿ 7) ÿ ÿ ÿ ÿ (ÿ 8)
(ÿ 7) (ÿ 7)
ÿÿÿÿÿÿ W 124,335 ÿ 1 151,400 - -
151,400 330 50.00% 165 23,351 94,357
ÿÿÿÿÿ ÿÿÿÿÿÿÿ
ÿÿÿ
ÿ
ÿÿÿÿÿÿ ÿÿÿÿÿÿ 82,890 132,714 - -
132,714 279,360 50.34% 140,616 201,856 880,963
z ÿ ÿ ÿ ÿÿÿ ÿ ÿ
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ÿÿÿÿÿ ÿÿÿÿÿÿÿ ÿÿÿÿÿ

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(ÿ 7) (ÿ 7)
ÿÿÿÿÿÿ ÿÿÿÿÿÿ 414,450 ÿ 1 156,724 - -
156,724 439,982 77.50% 340,986 353,466 794,323
ÿÿÿÿlj ÿ ÿ ÿ ÿ ÿÿ
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831,976 999,051 70.00% 699,336 2,087,197 4,701,220
ÿÿ ÿÿ
ÿ
ÿÿÿÿÿÿ ÿÿÿÿÿÿÿ 219,659 369,814 - -
369,814 133,148 84.73% 112,823 423,795 441,301
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391,650 70.00% 274,155 392,670 -
ÿÿÿÿ ÿ ÿ ÿ ÿ ÿÿ
ÿÿÿÿÿÿÿÿ
ÿ
ÿÿÿÿÿ ÿÿÿÿÿÿÿ 70,808 - - - -
139,574 66.07% 92,210 208,064 -
z ÿÿÿ
2. ÿÿ ÿ ÿ ÿ ÿ ÿÿ ÿ
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ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ (ÿ 5ÿ7)
ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ (ÿ 4ÿ7) ÿ ÿ ÿ ÿ ÿ ÿÿ ÿÿ ÿ (ÿ 6)
1,893,391 2,501,967 10,866,043
ÿ 1 ÿ ÿ ÿ ÿÿ ÿ ÿÿ ÿ ÿÿÿÿ ÿ ÿÿÿÿ ÿ ÿ ÿ ÿ
ÿ 2ÿ ÿ ÿ ÿÿ ÿÿ ÿ ÿÿÿ ÿ ÿ ÿÿÿ ÿÿÿ
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(1)ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
(2)ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
3, 4 ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ ÿ ÿ ÿ USD 3,939,943ÿ ÿ ÿ ÿ DUSD 18,085,989ÿ ÿ 5ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ ÿ ÿ ÿ ÿ
ÿÿDDD
ÿ 67. ÿ ÿ ÿ ÿ97.8.29 ÿ ÿÿÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ ÿÿ ÿ ÿ ÿ ÿÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ
ÿ7ÿÿÿÿÿ110ÿ12ÿ31ÿÿÿÿÿ27.63ÿÿÿ
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3.ÿÿÿÿÿÿÿ
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(ÿ) ÿ ÿ ÿ ÿ ÿ ÿ
!!!!!!!ÿÿ!!!!!!
!ÿÿÿÿ !ÿÿÿÿ
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Goodbye! 95,423,056 ÿ 82,987,033 _ _ 10.82 %
9.41 %
6.46 %
ÿÿÿannah ÿÿÿÿÿÿÿÿÿÿÿ
ÿÿÿ ÿ ÿ ÿ ÿ
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ÿ54ÿ!
feng tai enterprise co., ltd.
Statement of Cash and Cash Equivalents
December 31, 110 Unit: Thousands of New Taiwan Dollars
Project cash Summary Petty cash check deposit Current amount

bank deposit deposit Foreign exchange deposit (EUR 42 thousand, $ 405
exchange rate 31.12) Foreign exchange deposit (USD 5,785
20,266 thousand, exchange rate 27.630) 11
1,300
559,940
$ 567,441
Accounts Receivable and Bills Schedule
client's name Summary Amount Payment Remark

Company A $6,495,942
"
Company 709,127
"
B Others 561,475 Single customer balance does not exceed 5%
total $ 7,766,544
ÿ55ÿ
Accounts Receivable - Details of Related Persons
Client Summary Amount Remark

NameFairway Enterprises Co., Ltd. payment $ 806,101
(India Branch)
"
Vietnam Dona Orient Co., Ltd. 755,648
"
Vietnam Dona Standard Footwear 723,042
Co., Ltd.
"
East Wind Footwear Co., Ltd. 658,097
(India Branch)
"
Lotus Footwear Enterprises Ltd. 635,357
(India Branch)
"
P. T. Feng Tay Indonesia 255,396
Enterprises
"
other 699,124 Single customer balance does not exceed 5%
$ 4,532,765
inventory
amount
project Net realisable value of costs 31,706 Remark
Raw materials, $ 31,551
work-in-progress, 26,049 26,049
finished goods, 763 763
and finished 34,708 34,708

goods in-transit 1,355 1,355
inventory 94,581 94,426
reduction: allowance for inventory depreciation and sluggish losses (155)
$ 94,426
ÿ56ÿ
Other financial assets - current
Item Summary Other Financial Assets - Amount Remark

Repatriation of Current Overseas Funds $1,042,793
Note: Other financial assets are bank time deposits that do not meet the definition of cash.
ÿ57ÿ
Statement of Changes in Investments Using the Equity Method
January 1 to December 31, 110 Unit: Thousands of New Taiwan Dollars
Opening Balance The amount Decrease in this period Ending balance Guaranteed by market price or equity equity
name of shares added in the current period Amount of shares Amount of shares Amount of shares
PT Feng Tay Indonesia Enterprises 53,900 $ 879,773 -
258,214 53,900 21.11 - -
% 99.81 1,137,987 1,137,987 None
"
Growth-Link Overseas Co., Ltd. 6,000,000 14,515,696 -
1,279,557 -
2,793,285 6,000,000 % 100.00 13,001,968 2.12 12,692,264
"
VX Holdings Ltd. 38,280 779,679 -
126,952 -
133,177 38,280 % 47.26 773,454 20.21 773,454
"
Shoe Majesty Co., Limited 6,120 307,043 - - -
21,582 6,120 % 20.40 285,461 46.64 285,461
"
Dona Orient Holdings Limited 44,753 2,946,924 - - -
322,380 44,753 % 40.97 2,624,544 58.65 2,624,544
"
PT Rich Valley Indonesia 99,990 204,349 80,000 157,870 -
6,948 179,990 % 99.99 355,271 1.97 355,271
"
Great Eastern Industries Limited 1,000 50,873 -
3,904 -
19,751 1,000 % 100.00 35,026 35.03 35,026
"
Great South Private Limited - -
300 6,105 -
189 300 % 100.00 5,916 19.72 5,916
$ 19,684,337 1,832,602 3,297,312 18,219,627 17,909,923
ÿ58ÿ
Short-term loan schedule
type of loan Explain Bank A Closing balance Contract term 219,000 Interest rate range financing quota (Note 1) mortgage or guarantee
credit loan $ 110.12.08-111.01.07 121,000 110.12.09-111.01.07 3,000,000 3,000,000 Note 2 0.57% none
ÿ ÿ
0.58% none
ÿ ÿ
76,000 110.12.10-111.01.07 120,000 0.58% 3,000,000 none
Bank B 110.12.08-111.01.07 110,000 110.12.10-111.01.10 0.55% 1,500,000 none
ÿ
0.55% 1,500,000 none
ÿ
115,000 110.12.22-111.01.21 272,000 0.55% 1,500,000 none
ÿ
110.12.24-111.01.24 644,000 110.12.24-111.01.24 0.59% 1,500,000 none
ÿ
0.55% 1,500,000 none
Bank C 123,000 110.12.09-111.01.07 55,000 0.58% 1,500,000 none
ÿ
110.12.10-111.01.10 1,100,000 0.58% 1,500,000 none
ÿ
110.12.24-111.01.24 0.58% 1,500,000 none
Ding Bank 750,000 110.10.26-111.01.24 443,680 0.55% 1,500,000 none
ÿ
110.10.18-111.04.15 277,300 110.10.26-111.04.22 0.57% 1,500,000 none
ÿ
0.57% 1,500,000 none
Total Note 1: $ 4,425,980
The financing limit of the same bank is the same.
Note 2: Among them, RMB 1,500,000 can be used as the financing limit for long-term loans.
ÿ59ÿ
Notes Payable Schedule
Customer Summary Amount Remark

Name Company C $ 41,247
Company D Company E 36,830
Company Other Total 24,402
377,932 The balance of a single object does not exceed 5%
$ 480,411
Accounts Payable Statement
Customer Summary Amount Remark

name own company $ 256,960
Other total 181,212
of Geng 1,052,120 The balance of a single object does not exceed 5%
Company $ 1,490,292
ÿ60ÿ
Accounts Payable - Schedule of Related Parties
client's name Summary Amount Remark

Vietnam Dona Standard $ 620,707
Footwear Co., Ltd.
Dona Victor Footwear Co., Ltd. 473,109
Fairway Enterprises Co., Ltd. 471,481
(India Branch)
PT Feng Tay Indonesia 466,714
Enterprises
Lotus Footwear Enterprises Ltd. 440,296
(India Branch)
Dona Pacific (Vietnam) Co., Ltd. 382,773
Vietnam Dona Orient Co., Ltd. Other 307,927
total 930,103 The balance of a single object does not exceed 5%
$ 4,093,110
Other Payable Details
Items Summary amount

Payable Salaries salary, overtime and bonuses $ 619,810
Payable to Employees and Directors 283,280
Unpaid expenses, etc., assessed on the basis of accrual 199,984

$ 1,103,074
ÿ61ÿ
Long-term loan schedule
Creditor Summary loan amount credit loan Contract Interest Rate Mortgage or Guarantee Notes
Bank A $ deadline 230,000 110.12.17-112.08.31 0.68% None Principal repayment at maturity
ÿ ÿ ÿ ÿ
1,270,000 110.12.24-112.08.31 0.68%
total $ 1,500,000
ÿ62ÿ
Operating income statement
January 1 to December 31, 110 Unit: NT$,000
project quantity Amount Remark

Export revenue $ 67,713,815
Domestic revenue 737
Less other operating 261,228
income: net sales income from (28,014)

returned goods and discounts 67,947,766
Total technical service income 561,641

$ 68,509,407
ÿ63ÿ
Operating Cost Schedule
amount
project Subtotal total
Cost of goods sold for self- $
made products Addition of raw materials 24,513

(including in-transit raw materials) at the 3,653,898
beginning of the period: incoming 646
materials in the current period (including in- 77
transit raw materials), processing and 7
transfer of cost materials, and donations of (33,061)

cost materials. Consumable materials for (23,173)
this period, direct labor overhead, (88,957)
manufacturing cost plus: work in (1)
process at the beginning of the (34)
period, consignment cost minus: at the end (3,288,961)
of the period Transfer operating expenses (808)
Cost of goods sold for self-made products 244,146
Cost of goods sold for outsourced products 392,392
272,582
909,120
26,272
43,878
(26,049)
(8,588)
(13,104)
(223,514)
708,015
1,710
(763)
(1,007)
707,955
Commodities at 5,734
the beginning of the period 57,489,087
plus: raw 3,288,961
materials purchased 8,588
in the current 93
period transferred to work-in- (34,708)

progress transferred (62)
into the current period of gift 60,757,693
minus: the end of the period 84,129
commodity transfer operating 34
expenses outsourced goods 91
cost of goods sold technical (6)

service costs (143)
$ 61,549,753
ÿ64ÿ
Management Fee Schedule
Project Summary Amount Remark

Salary Business Salary, Overtime and Bonuses$ 1,024,667
Labor Service Freight 211,030
Other Expenses 99,952
409,037 A single amount does not exceed 5%
$ 1,744,686
Research and Development Fee Schedule
Project Summary Amount Remark

salary mold fee raw Salary, Overtime and Bonuses$ 1,583,332
materials 192,681
114,146
other fee 406,076 A single amount does not exceed 5%
$ 2,296,235
ÿ65ÿ

TW Earnings Company4721498013

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Comprehensive Income Statement 4

6, Equity Change Statement 7, Cash 5

Flow Statement 8, Notes to Individual 6

(3) Application of new and revised standards and interpretations

(4) Summary statement of significant accounting policies

(6) Explanation of important accounting items

(7) Transactions with related parties

1. Information about major transactions

2. Information on reinvestment business

3. Mainland Investment Information

Information IX. Detail table of important accounting items 55ÿ65

Fengtai Enterprise Co., Ltd.

2. Dates and procedures for the adoption of financial reports

3. Application of Newly Issued and Revised Standards and Interpretations

7, Amendments to IFRS 4 and IFRS 16

“Inflammation-related rent concessions”

(2) The impact of not adopting IFRS recognized by the FSC

Therefore, it will not have a significant impact on the individual financial

• Amendments to IAS 37 "Onerous Contracts - Costs of Fulfilling Contracts"

• Annual Improvements to IFRS 2018-2020 Cycle • Amendments to IFRS 3

"Reference to Conceptual Frameworks"

Relating to Assets and Liabilities arising from a Single Transaction

4. Summary of Significant Accounting Policies The

All presentation periods for individual financial reports. (1)

Compliance statement This individual financial report is

(2) Compilation basis 1.

Financial reports are prepared on a historical cost basis.

2. Functional currency and expression currency

In thousands of New Taiwan dollars. (3)

2. Foreign operating agencies

2. The liability is held mainly for trading purposes;

(5) Cash and cash equivalents

presented as cash equivalents.

(6) Financial instruments

measured at amortised cost and through other comprehensive loss

when changing the business model for managing financial assets.

(1) Financial assets measured at amortized cost When

Amortized cost measurement: •

Interest on the principal amount.

(3) Impairment of financial

Period Expected Credit Loss Amount Measure:

the original recognition.

a financial asset is credit-impaired includes observable information about:

• Significant financial difficulty of the borrower or issuer; •

Default, such as delay or overdue; • Concessions given by the

disappear due to financial difficulties.

(4) Delisting of financial assets

Risks and rewards are still recognized on the balance sheet.

(1) Other financial liabilities

or loss and presented under non-operating income and expenses.

(2) Delisting of financial liabilities

recognized at fair value based on the modified terms.

(3) Offset of financial assets and liabilities

includes an appropriate proportion of manufacturing overhead allocated to normal production capacity.

The balance after the estimated cost to sell. (VIII) Investing

(9) Joint Agreement

Exemption from applicable equity law.

Dispose of in accordance with property, plant and equipment

The series is recognised in profit or loss.

(11) Real estate, plant and equipment

1. Items of property, plant