Current liabilities decreased to NT$71.98 billion, primarily reflecting the decrease in short-term credit. Long-term credit/bonds increased to NT$60.73 billion, mostly reflecting the long-term credit for United Semiconductor (Xiamen). Total liabilities increased to NT$167.91 billion, leading to a debt to equity ratio of 77%.

Liabilities
(Amount: NT$ billion)		4Q16			3Q16			4Q15
Total Current Liabilities		71.98			83.44			48.25
Notes & Accounts Payable		6.85			6.74			5.95
Short-Term Credit / Bonds		31.05			47.05			12.11
Payable on Equipment		15.04			14.45			14.66
Other		19.04			15.20			15.53
Long-Term Credit / Bonds		60.73			39.68			47.52
Long-Term Investment Liabilities		20.31			20.54			6.06
Total Liabilities		167.91			155.96			108.55
Debt to Equity		77	%		71	%		47	%

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