UMC Reports First Quarter 2014 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




March 31, 2014


March 31, 2013


%


March 31, 2014


December 31, 2013


%


US$


NT$


US$


NT$


Chg.


US$


NT$


US$


NT$


Chg.

Net operating revenues

1,040


31,694


912


27,781


14.1%


1,040


31,694


1,008


30,719


3.2%

Operating costs

(846)


(25,793)


(765)


(23,289)


10.8%


(846)


(25,793)


(826)


(25,162)


2.5%

Gross profit

194


5,901


147


4,492


31.4%


194


5,901


182


5,557


6.2%


18.6%


18.6%


16.2%


16.2%




18.6%


18.6%


18.1%


18.1%



Operating expenses




















  - Sales and marketing expenses

(27)


(833)


(25)


(763)


9.2%


(27)


(833)


(30)


(906)


(8.1%)

  - General and administrative expenses

(28)


(848)


(33)


(1,019)


(16.8%)


(28)


(848)


(27)


(826)


2.7%

  - Research and development expenses

(110)


(3,335)


(79)


(2,396)


39.2%


(110)


(3,335)


(118)


(3,585)


(7.0%)

      Subtotal

(165)


(5,016)


(137)


(4,178)


20.1%


(165)


(5,016)


(175)


(5,317)


(5.7%)

Net other operating income and expenses

2


56


(0)


(20)


-


2


56


(1)


(46)


-

Operating income

31


941


10


294


100.0%


31


941


6


194


100.0%


3.0%


3.0%


1.1%


1.1%




3.0%


3.0%


0.6%


0.6%























Net non-operating income and expenses

11


351


238


7,249


(95.2%)


11


351


30


889


(60.5%)

Income from continuing operations before
   income tax

42


1,292


248


7,543


(82.9%)


42


1,292


36


1,083


19.3%


4.1%


4.1%


27.2%


27.2%




4.1%


4.1%


3.5%


3.5%























Income tax expense

(6)


(181)


(37)


(1,129)


(84.0%)


(6)


(181)


(17)


(495)


(63.4%)

Net income

36


1,111


211


6,414


(82.7%)


36


1,111


19


588


88.9%


3.5%


3.5%


23.1%


23.1%




3.5%


3.5%


1.9%


1.9%























Other comprehensive income

136


4,130


50


1,542


100.0%


136


4,130


17


510


100.0%





















Total comprehensive income

172


5,241


261


7,956


(34.1%)


172


5,241


36


1,098


100.0%





















    Net income attributable to:




















        Stockholders of the parent

39


1,180


216


6,593


(82.1%)


39


1,180


25


749


57.5%

        Non-controlling interests

(3)


(69)


(5)


(179)


(61.5%)


(3)


(69)


(6)


(161)


(57.1%)





















    Comprehensive income attributable to:




















        Stockholders of the parent

173


5,261


267


8,119


(35.2%)


173


5,261


41


1,239


100.0%

        Non-controlling interests

(1)


(20)


(6)


(163)


(87.7%)


(1)


(20)


(5)


(141)


(85.8%)





















Earnings per share-basic

0.003


0.09


0.017


0.52




0.003


0.09


0.002


0.06



Earnings per ADS (2)

0.015


0.45


0.085


2.60




0.015


0.45


0.010


0.30



Weighted average number of shares




















   outstanding (in millions)



12,480




12,631






12,480




12,476























Notes:




















(1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2014 exchange rate of NT $30.463 per U.S. Dollar.









      All figures are prepared in accordance with TIFRSs.



(2) 1 ADS equals 5 common shares.








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