UMC Reports Fourth Quarter 2013 Results

 

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income

Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

Except Per Share and Per ADS Data










































Year over Year Comparison


Quarter over Quarter Comparison


Three-Month Period Ended




Three-Month Period Ended




December 31, 2013


December 31, 2012


%


December 31, 2013


September 30, 2013


%


US$


NT$


US$


NT$


Chg.


US$


NT$


US$


NT$


Chg.

Net operating revenues

1,029


30,719


967


28,854


6.5%


1,029


30,719


1,119


33,407


(8.0%)

Operating costs

(843)


(25,162)


(859)


(25,629)


(1.8%)


(843)


(25,162)


(873)


(26,070)


(3.5%)

Gross profit

186


5,557


108


3,225


72.3%


186


5,557


246


7,337


(24.3%)


18.1%


18.1%


11.2%


11.2%




18.1%


18.1%


22.0%


22.0%



Operating expenses




















   - Sales and marketing expenses

(30)


(906)


(19)


(574)


57.8%


(30)


(906)


(26)


(778)


16.5%

   - General and administrative expenses

(28)


(826)


(26)


(783)


5.5%


(28)


(826)


(29)


(854)


(3.3%)

   - Research and development expenses

(120)


(3,585)


(87)


(2,593)


38.3%


(120)


(3,585)


(109)


(3,262)


9.9%

Subtotal

(178)


(5,317)


(132)


(3,950)


34.6%


(178)


(5,317)


(164)


(4,894)


8.6%

Net other operating income and expenses

(2)


(46)


(4)


(125)


(63.2%)


(2)


(46)


(2)


(48)


(4.2%)

Operating income (loss)

6


194


(28)


(850)


-


6


194


80


2,395


(91.9%)


0.6%


0.6%


(2.9%)


(2.9%)




0.6%


0.6%


7.2%


7.2%























Net non-operating income and expenses

30


889


46


1,380


(35.6%)


30


889


53


1,561


(43.0%)

Income from continuing operations before
income tax

36


1,083


18


530


100.0%


36


1,083


133


3,956


(72.6%)


3.5%


3.5%


1.8%


1.8%




3.5%


3.5%


11.8%


11.8%























Income tax expense

(16)


(495)


(4)


(124)


100.0%


(16)


(495)


(20)


(590)


(16.1%)

Net income

20


588


14


406


44.8%


20


588


113


3,366


(82.5%)


1.9%


1.9%


1.4%


1.4%




1.9%


1.9%


10.1%


10.1%























Other comprehensive income

17


510


(161)


(4,781)


-


17


510


(76)


(2,249)


-





















Total comprehensive income

37


1,098


(147)


(4,375)


-


37


1,098


37


1,117


(1.7%)





















   Net income attributable to:




















      Stockholders of the parent

25


749


25


739


1.4%


25


749


116


3,476


(78.5%)

      Non-controlling interests

(5)


(161)


(11)


(333)


(51.7%)


(5)


(161)


(3)


(110)


46.4%





















   Comprehensive income attributable to:




















      Stockholders of the parent

42


1,239


(135)


(4,042)


-


42


1,239


42


1,255


(1.3%)

      Non-controlling interests

(5)


(141)


(12)


(333)


(57.7%)


(5)


(141)


(5)


(138)


2.2%





















Earnings per share-basic

0.002


0.06


0.002


0.06




0.002


0.06


0.009


0.28



Earnings per ADS (2)

0.010


0.30


0.010


0.30




0.010


0.30


0.047


1.40



Weighted average number of shares




















outstanding (in millions)



12,476




12,636






12,476




12,460











































Notes:




















(1) New Taiwan Dollars have been translated into U.S. Dollars at the December 31, 2013 exchange rate of NT $29.85 per U.S. Dollar.








All figures are prepared in accordance with TIFRSs.


















(2) 1 ADS equals 5 common shares.








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