FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
October 25, 2005
Commission File Number 001-31335
AU Optronics Corp.
(Translation of registrants name into English)
No. 1 Li-Hsin Road 2
Hsinchu Science Park
Hsinchu, Taiwan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F ___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
____Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___ No X
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Not applicable
INDEX TO EXHIBITS
Item | |
1. | Taiwan Stock Exchange filing entitled, The Board resolution to indirectly invest in Darwin Precision Machining (Suzhou) Corp., a newly-established company in Mainland China, dated October 25, 2005 |
2. | Press release entitled, AU OPTRONICS REPORTS THIRD QUARTER 2005 RESULTS, dated October 25, 2005 |
3. | Investor Conference Materials entitled, AU Optronics Corp. Third Quarter 2005 Results, dated October 25, 2005 |
4. | Third Quarter 2005 Condensed Financial Statements of AU Optronics Corp. |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
AU Optronics Corp. | |||
Date: October 25, 2005 | By: | /s/ Max Weishun Cheng | |
Name: | Max Weishun Cheng | ||
Title: | Chief Financial Officer |
Item 1
AU Optronics Corp. |
October 25, 2005 |
English Language Summary |
Subject: | The Board resolution to indirectly invest in Darwin Precision Machining (Suzhou) Corp., a newly-established company in Mainland China |
Regulation: | Published pursuant to Article 2-20 of the Taiwan Stock Exchanges Operating Procedures for the Publication of Material Information by Listed Companies |
Date of events: 2005/10/25
Content:
1. | Date of occurrence of the event: 2005/10/25 |
2. | Method of the present increase (decrease) in investment: Indirect investment through an offshore entity |
3. | Transaction volume, price per unit, and total monetary amount of the transaction: Total amount of US$ 2.5 million |
4. | Company name of the invested mainland Chinese company: Darwin Precision Machining (Suzhou) Corp. |
5. | Paid-in capital of said invested mainland Chinese company: 0 |
6. | Amount of new capital increment currently planned by said invested mainland Chinese company: US$ 5.0 million |
7. | Main business items of said invested mainland Chinese company: The production and sale of modules and its key components |
8. | Type of CPA opinion issued for the financial statement of said invested mainland Chinese company for the most recent fiscal year: N/A |
9. | Net worth of said invested mainland Chinese company on the financial statement for the most recent fiscal year: N/A |
10. | Amount of profit/loss of said invested mainland Chinese company on the financial statement for the most recent fiscal year: N/A |
11. | Amount of actual investment to date in said invested mainland Chinese company: 0 |
12. | Counterparty to the transaction and its relationship to the Company: The Companys subsidiary |
13. | Where the counterparty to the transaction is an actual related party, public announcement shall also be made of the reason for choosing the related party as the counterparty and the identity of the previous owner (including its relationship with the company and the trading counterpart), the date of transfer, and the price: N/A |
14. | Where a person who owned the subject matter of the transaction within the past five years has been an actual related party of the company, public announcement shall also be made of the dates and prices of acquisition and disposal by the related party and such partys relationship to the company at those times: N/A |
15. | Gain (or loss) on disposal: N/A |
16. | Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: N/A |
17. | The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: N/A |
18. | Broker: N/A |
19. | Concrete purpose of the acquisition or disposal: Long term investment |
20. | Do the directors have any objection to the present transaction?: No |
21. | Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date: US$ 223.5 million; the investment of US$50 million proposed by the Board in 2004 and the present investment of US$2.5 million havent been filed with the Investment Commission for approval. |
22. | Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the paid-in capital on the financial statement for the most recent period: 13.57% |
23. | Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the total assets on the financial statement for the most recent period: 2.90% |
24. | Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the shareholdersequity on the financial statement for the most recent period: 6.11% |
25. | Total amount of actual investment in the mainland China area to date: US$ 170 million |
26. | Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital on the financial statement for the most recent period: 10.32% |
27. | Ratio of the total amount of actual investment in the mainland China area to date to the total assets on the financial statement for the most recent period: 2.21% |
28. | Ratio of the total amount of actual investment in the mainland China area to date to the shareholders equity on the financial statement for the most recent period:4.65% |
29. | Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years: |
Recognized profits/(losses): | |
2004: US$28,120 thousand | |
2003: US$18,890 thousand | |
2002: (US$24,906) thousand | |
30. | Amount of profit remitted back to Taiwan for the most recent three fiscal years: 0 |
31. | Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: No |
32. | Any other matters that need to be specified: N/A |
Item 2
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News Release |
AU OPTRONICS REPORTS THIRD QUARTER 2005 RESULTS
Hsin Chu, Taiwan, October 25, 2005
AU Optronics Corp. (AUO or the Company) (TAIEX: 2409; NYSE: AUO), the worlds third largest manufacturer of large-size TFT-LCD panels, today announced its unaudited consolidated results of operations for the three months ended September 30, 2005. All financial information was prepared by the Company in accordance with generally accepted accounting principles in Taiwan (ROC GAAP). There are many differences between ROC GAAP and U.S. GAAP, some of which are described in the notes to the financial statements contained in the Companys annual report on Form 20-F/A filed with the United States Securities and Exchange Commission with respect to the year ended December 31, 2004. The unaudited financial information mentioned herein is not necessarily indicative of our future financial results. |
AU Optronics Corp. (AUO or the Company) (TAIEX: 2409; NYSE: AUO) today released unaudited consolidated results for the three months ended September 30, 2005. All financial information was unaudited and was prepared by the Company in accordance with generally accepted accounting principles in Taiwan (ROC GAAP), the amounts in New Taiwan Dollars (NT$) were translated into US dollars (US$) at NT$33.18 per US$1.00 based on the noon buying rate by the Federal Reserve Bank of New York as of September 30, 2005.
AU Optronics third quarter 2005 revenue reached NT$59,505 million, (US$1.8 billion) represents a 28.7% sequential growth. Gross margin and net margin for the third quarter rose to 15.6% and 9.9%, which helped net income and fully diluted earnings per share to reach NT$5,821 million (US$175 million) and NT$1.05, respectively. For the nine months ended September 30th 2005, revenue totaled NT$144.6 billion (US$4.4 billion), net income NT$4.2 billion (US$125 million), basic EPS NT$0.75 per common share, and US$0.22 per ADS share.
AU Optronics CFO and Vice President, Mr. Max Cheng stated that, We are pleased to have concluded a record quarter for AUO. Our third-quarter and nine-month results reflect the strong performance of our product mix. AUOs complete fabrication facilities, effective cost control, improved product efficiencies, all contributed to our record quarter gross profit of NT$9,276 million, while gross margin improved to 15.6% from 6.8% of the previous quarter. Operating margin also grew significantly to 9.9% from 1.1% . Our operation efficiency has enhanced inventory days to a record low, down to 28 days from 32 days of the previous quarter.
Dr. Hui Hsiung, Executive VP of AUO also noted, AUO has shipped over 21 million units of large-sized panels and 38 million units of small-medium sized panels for year-to-date, a
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News Release |
double-digit jump of 58.2% and 61.4% respectively. The deployment of TV strategy has aggressively enhanced TV sales to increase from 18% in the second quarter to 22% in the third, while the ratio of monitor sales reduced from the previous quarter of 54% to this quarter of 47%.
At AUOs TaiChung site, its G6 capacity reached 50,000 substrates per month at the end of September 2005. It expects to reach 60,000 substrates by end of year 2005 and fully ramp up to 90,000 substrates by 2nd quarter 2006 on a monthly basis. AUOs third G5 fab, commenced its commercial production in 3rd quarter 05 and has ramped up to 20,000 substrates monthly capacity by the end of September. It is expected to ramp up to 50,000 substrates monthly capacity by end of the year and further up to 60,000 substrates by end of June 2006.
In the coming quarters with the new capacity of its latest fabrication facilities (G5 and G6), the Company is believed to be in tune to meet the demand of the emerging LCD TV market. Dr. Hsiung added, AUO has the efficient product lines for each and every Generation Fabs. This enhances AUOs competitive advantage and flexibility in the industry. Furthermore, the newly developed technologies for HDTV, such as the AMVA, will ignite AUOs performance in this area.
On the October 24th Edition of BusinessWeek, AU Optronics was ranked 13th best performer in The 2005 Asian BusinessWeek 50. In the line-up, AUO is the top pure-play TFT-LCD manufacturer ranking before any other.
* 3Q05 Basic EPS was calculated based on 5,574 million shares, to reflect the adjustment of total weighted average outstanding shares of 5,489 million plus ADR issuance of 330 million shares
Conference Call & Webcast Notice: AUOs quarterly review conference call will be held at 8:00 pm Taiwan Time (8:00 am Eastern Time) on Tuesday, October 25, 2005. The conference call will also be webcast live on the Internet via AUOs web site at http://www.auo.com. An archived version of the webcast will be available on AUOs web site for 45 days following the Companys quarterly review conference call. |
About AU Optronics
AU Optronics Corp. (AUO) is the worlds third largest manufacturer* of large-size thin film transistor liquid crystal display panels (TFT-LCD), with approximately 14%* of global market share and generated net income of NT$168.1billion (US$5.3 bn) in 2004. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40+ sized LCD TV panels, AUOs next generation (7.5 -Generation ) fabrication facility production is scheduled for mass production in 4Q 2006. The Company currently operates
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News Release |
one 6th-generation, one 5th-generation, one 4th-generation, and three 3.5 -generation TFT- LCD fabs, in addition to four module assembly facilities and a R&D fab specializing in low temperature poly silicon TFT and organic LED. AUO is one of few top-tier TFT-LCD manufacturer capable of offering a wide range of small- to large- size (1.5 -46) TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.
*As shown on DisplaySearch Quarterly Large-Area TFT LCD Shipment Report dated June 6, 2005. The data is used as reference only and AUO does not make any endorsement or representation in connection therewith.
Safe Harbour Notice
Except
for statements in respect of historical matters, the statements contained in
this Release are forward-looking statements within the meaning of
Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S.
Securities Exchange Act of 1934. These forward-looking statements were based
on our managements expectations, projections and beliefs at the time regarding
matters including, among other things, future revenues and costs, financial
performance, technology changes, capacity, utilization rates, yields, process
and geographical diversification, future expansion plans and business strategy.
Such forward looking statements are subject to a number of known and unknown
risks and uncertainties that can cause actual results to differ materially
from those expressed or implied by such statements, including risks related
to the flat panel display industry, the TFT-LCD market, acceptance and demand
for our products, technological and development risks, competitive factors,
and other risks described in the section entitled "Risk Factors" in our annual
report on Form 20F/A filed with the United States Securities and Exchange Commission
with respect to the year ended December 31, 2004. Our release of financial
forecasts and forward-looking statements at any particular time does not create
any duty of disclosure beyond that which is imposed by law, and we expressly
disclaim any obligation to publicly update or revise any forecasts or forward-looking
statements, whether as a result of new information, future events or otherwise.
In addition, any financial information contained herewithin is presented in conformity with accounting principles generally accepted in the Republic of China (ROC GAAP). Readers should be cautioned that these accounting principles differ in many material respects from accounting principles generally accepted in the United States of America (US GAAP). There are many differences between ROC GAAP and U.S. GAAP, some of which are described in the notes to the financial statements contained in the Companys annual report on Form 20-F/A filed with the United States Securities and Exchange Commission with respect to the year ended December 31, 2004. The unaudited financial information mentioned herein is not necessarily indicative of our future financial results.
# # #
FOR MORE INFORMATION |
Yawen Hsiao |
Corporate Communications Dept. |
AU Optronics Corp. |
No.1, Li-Hsin Road 2, Science-Based Industrial Park, Hsinchu City, 300, Taiwan, R.O.C. |
Tel: +886-3-5008899 ext 3211 Fax: +886-3-5772730 |
Email: yawenhsiao@auo.com |
Item 3
AU Optronics Corp. Third Quarter 2005 Results Investor Conference |
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Safe Harbor Notice The statements included in this presentation that are not historical in nature are ~forward-looking statements~ within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934. These forward-looking statements, which may include statements regarding AU Optronics~ future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics~ current expectations. Actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis; our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT-LCD industry; possible disruptions in commercial activities caused by natural and human-induced disasters, including terrorist activity and armed conflict; and fluctuations in foreign currency exchange rates. In addition, any financial information contained herewithin is presented in conformity with accounting principles generally accepted in the Republic of China (~ROC GAAP~). Readers should be cautioned that these accounting principles differ in many material respects from accounting principles generally accepted in the United States of America (~US GAAP~). Our release of financial forecasts and forward-looking statements at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any obligation to publicly update or revise any forecasts or forward-looking statements, whether as a result of new information, future events or otherwise. Additional information as to these and other factors that may cause actual results to differ materially from AU Optronics~ forward-looking statements or some of the major differences between ROC GAAP and US GAAP can be found in AU Optronics~ Annual Report on Form 20-F with respect to the year ended December 31, 2004 filed with the United States Securities and Exchange Commission. 2 |
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3Q 2005 Consolidated Income Statement QoQ Comparison Amount : NT$ Million Except Per Share Data QoQ 3Q05(a) 2Q05(a) Change % 3Q04 Net Sales 59,505 100.0% 46,247 100.0% 28.7% 38,755 100.0% Cost of Goods Sold (50,229) (84.4%) (43,084) (93.2%) 16.6% (31,692) (81.8%) Gross Profit 9,276 15.6% 3,163 6.8% 193.3% 7,064 18.2% Operating Expenses (3,369) (5.7%) (2,631) (5.7%) 28.1% (3,006) (7.8%) Operating Income 5,906 9.9% 532 1.1% 1010.2% 4,058 10.5% Net Non-operating Income (Expense) (86) (0.1%) (64) (0.1%) 34.4% 76 0.2% Income before Tax 5,820 9.8% 467 1.0% 1146.3% 4,134 10.7% Income Tax Benefit (Expense) ( 0) 0.0% 0 0.0% i-D 0 0.0% Minority Interest in Net Loss (Income) 1 0.0% 3 0.0% i-D 0 0.0% Net Income 5,821 9.8% 470 1.0% 1138.5% 4,134 10.7% Basic EPS (NT$)(b) 1.05 0.13 718.6% 0.76 Operating Income + D&A 14,769 24.8% 8,505 18.4% 73.6% 10,724 27.7% Unit Shipment (MN)(c) Large Size Panels 8.0 7.0 13.2% 4.4 Small & Medium Size Panels 17.6 11.8 48.7% 11.0 (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis (b) 2Q~05 Basic EPS was calculated based on total weighted average outstanding shares of 5,489 million, while 3Q~05 Basic EPS was calculated based on 5,574 million shares, to reflect the adjustment of total weighted average outstanding shares of 5,489 million plus ADR issuance of 330 million shares (c) Large size refers to panels that are 10 inches and above in diagonal measurement while small & medium size refers to those below 10 inches 3 |
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First Nine Months 2005 Consolidated Income Statement Highlights Amount : NT$ Million Except Per Share Data YoY Jan-Sep05 Jan-Sep04 Change % Net Sales 144,589 100.0% 128,616 100.0% 12.4% Cost of Goods Sold (130,924) (90.5%) (90,356) (70.3%) 44.9% Gross Profit 13,664 9.5% 38,261 29.7% (64.3%) Operating Expenses (9,166) (6.3%) (7,725) (6.0%) 18.7% Operating Income 4,499 3.1% 30,535 23.7% (85.3%) Net Non-operating Income (Expense) (340) (0.2%) (377) (0.3%) (9.8%) Income before Tax 4,158 2.9% 30,158 23.4% (86.2%) Income Tax Benefit (Expense) (0) 0.0% 31 0.0% -- Minority Interest in Net Loss (Income) 4 0.0% 0.0% -- Net Income 4,162 2.9% 30,189 23.5% (86.2%) Basic EPS (NT$)(b) 0.75 6.35 (88.2%) Operating Income+D&A(c) 28,690 19.8% 48,734 37.9% (41.1%) Unit Shipment (MN)(c) Large Size Panels 21.1 13.3 58.2% Small & Medium Size Panels 38.0 23.6 61.4% (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis (b) Nine months 2004 Basic EPS was calculated based on total weighted average outstanding shares of 4,755 million, while nine months 2005 Basic EPS was calculated based on 5,574 million shares (c) Large size refers to panels that are 10 inches and above in diagonal measurement while small & medium size refers to those below 10 inches 4 |
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Consolidated Balance Sheet Highlights Amount : NT$ Million QoQ 3Q05(a) 2Q05(a) Change % 3Q04 Cash & ST Investment 18,976 18,100 4.8% 17,817 Inventory 15,806 15,009 5.3% 20,970 Short Term Debt(b) 8,631 12,190 (29.2%) 6,145 Long Term Debt 81,696 74,880 9.1% 34,951 Equity 144,128 122,259 17.9% 133,052 Total Assets 303,815 266,738 13.9% 214,586 Inventory Turnover (Days)(c) 28 32 56 Debt to Equity 62.7% 71.2% 30.9% Net Debt to Equity 50.6% 57.7% 18.7% (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis (b) Short term debt refers to all interest bearing debt maturing within one year (c) Annualized, calculated by dividing the average inventory into the cost of goods sold during such period, then multiplying by 365 days 5 |
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Consolidated Cash Flow Highlights Amount : NT$ Million QoQ 3Q05(a) 2Q05(a) Change 3Q04(a) From Operation 11,653 9,145 2,508 5,427 Net Profit 5,820 467 5,353 4,134 Depreciation & Amortization 8,862 7,974 888 6,667 From Investment (22,667) (21,488) (1,179) (20,412) Capital Expenditure (21,250) (20,386) (864) (22,074) From Financing 12,021 13,666 (1,645) (7,059) Debt 2,867 13,666 (10,799) (1,399) Equity Issue (ADR) 15,594 0 15,594 0 Cash Dividend (5,935) 0 (5,935) (5,208) (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis 6 |
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Consolidated Large Panel Shipment by Application (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis (b) Large size refers to panels that are 10 inches and above in diagonal measurement 7 |
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Consolidated Revenues by Application (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis 8 |
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Consolidated Large Panel Shipment & Blended ASP (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis (b) Large size refers to panels that are 10 inches and above in diagonal measurement (c) Blended ASP in US dollars translated from NT$ based on average exchange rates announced by Directorate General of Customs, ROC Ministry of Finance for each respective quarter 9 |
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Blended ASP Trend: TV vs. PC Applications (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis (b) Large size refers to panels that are 10 inches and above in diagonal measurement (c) Blended ASP in US dollars translated from NT$ based on average exchange rates announced by Directorate General of Customs, ROC Ministry of Finance for each respective quarter 10 |
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Consolidated Small & Medium Panel Shipment & Revenues (a) Unaudited, prepared by AU Optronics Corp. on a consolidated basis (b) Small & Medium size refers to panels that are under 10 inches in diagonal measurement 11 |
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Installed Capacity by Fab Substrate 9/2005 12/2005(F) 6/2006(F) FAB Size (mm) Capacity(a) Capacity(a) Capacity(a) L3A(G3.5 ) 610 x 720 45,000 45,000 45,000 5,000 LTPS 5,000 LTPS 5,000 LTPS L3B(G3.5 ) 610 x 720 25,000 a-Si 25,000 a-Si 25,000 a-Si L5 (G3.5) 600 x 720 60,000 60,000 60,000 L6 (G4.0) 680 x 880 60,000 60,000 60,000 L8A(G5.0 ) 1100 x 1250 50,000 50,000 50,000 L8B(G5.0 ) 1100 x 1300 70,000 70,000 70,000 L8C(G5.0 ) 1100 x 1300 20,000 50,000 60,000 L10 ( G6.0) 1500 x 1850 50,000 60,000 90,000 (a) Monthly capacity based on glass substrate input 12 |
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Item 4
AU OPTRONICS CORP.
CONSOLIDATED BALANCE SHEET
September 30,
2005 and 2004
(Figures in Millions of
New Taiwan Dollars (NTD)
and U.S. Dollars (USD))
September 30, 2005 | September 30, 2004 | YoY | |||||||||||||
ASSETS | USD | NTD | % | NTD | % | Change | % | ||||||||
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Cash and Cash Equivalents | 524 | 17,389 | 5.7 | 16,172 | 7.5 | 1,218 | 7.5 | ||||||||
Short-term Investment | 48 | 1,587 | 0.5 | 1,645 | 0.8 | (59 | ) | (3.6 | ) | ||||||
Notes & Accounts Receivables | 1,131 | 37,543 | 12.4 | 24,039 | 11.2 | 13,504 | 56.2 | ||||||||
Inventories | 476 | 15,806 | 5.2 | 20,970 | 9.8 | (5,164 | ) | (24.6 | ) | ||||||
Other Current Financial Assets | 10 | 344 | 0.1 | 441 | 0.2 | (97 | ) | (22.0 | ) | ||||||
Other Current Assets | 204 | 6,773 | 2.2 | 4,223 | 2.0 | 2,550 | 60.4 | ||||||||
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Total Current Assets | 2,394 | 79,442 | 26.1 | 67,489 | 31.5 | 11,952 | 17.7 | ||||||||
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Long-term Investments | 165 | 5,480 | 1.8 | 1,847 | 0.9 | 3,633 | 196.7 | ||||||||
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Fixed Assets | 8,926 | 296,159 | 97.5 | 196,241 | 91.5 | 99,918 | 50.9 | ||||||||
Less Accumulated Depreciation | (2,514 | ) | (83,402 | ) | (27.5 | ) | (56,179 | ) | (26.2 | ) | (27,223 | ) | 48.5 | ||
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Net Fixed Assets | 6,412 | 212,757 | 70.0 | 140,062 | 65.3 | 72,696 | 51.9 | ||||||||
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Other Assets | 185 | 6,136 | 2.0 | 5,188 | 2.5 | 947 | 18.3 | ||||||||
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Total Assets | 9,157 | 303,815 | 100.0 | 214,586 | 100.0 | 89,228 | 41.6 | ||||||||
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LIABILITIES | |||||||||||||||
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Accounts Payable | 1,283 | 42,555 | 14.0 | 34,108 | 15.9 | 8,447 | 24.8 | ||||||||
Current Installments of Long-term Liabilities | 260 | 8,631 | 2.8 | 6,145 | 2.9 | 2,486 | 40.5 | ||||||||
Other Current Liabilities | 802 | 26,607 | 8.8 | 5,265 | 2.5 | 21,341 | 405.3 | ||||||||
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Total Current Liabilities | 2,345 | 77,793 | 25.6 | 45,519 | 21.2 | 32,274 | 70.9 | ||||||||
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Long-term Borrowings | 2,101 | 69,696 | 23.0 | 28,951 | 13.5 | 40,745 | 140.7 | ||||||||
Bonds Payable | 362 | 12,000 | 3.9 | 6,000 | 2.8 | 6,000 | 100.0 | ||||||||
Other Long-term Liabilities | 6 | 198 | 0.1 | 1,064 | 0.5 | (867 | ) | (81.5 | ) | ||||||
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Total Liabilities | 4,813 | 159,687 | 52.6 | 81,534 | 38.0 | 78,153 | 95.9 | ||||||||
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SHAREHOLDERS EQUITY | |||||||||||||||
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Common Stock | 1,757 | 58,305 | 19.2 | 49,580 | 23.1 | 8,725 | 17.6 | ||||||||
Capital Surplus | 1,732 | 57,459 | 18.9 | 45,165 | 21.0 | 12,294 | 27.2 | ||||||||
Retained Earnings | 851 | 28,247 | 9.3 | 38,499 | 17.9 | (10,251 | ) | (26.6 | ) | ||||||
Cumulative Translation Adjustment | 2 | 80 | 0.0 | 59 | 0.0 | 21 | 35.6 | ||||||||
Treasury Stock | 0 | 0 | 0.0 | (251 | ) | (0.1 | ) | 251 | (100.0 | ) | |||||
Minority Interest | 1 | 36 | 0.0 | 0 | 0.0 | 36 | | ||||||||
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Total Stockholders Equity | 4,344 | 144,128 | 47.4 | 133,052 | 62.0 | 11,075 | 8.3 | ||||||||
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|
|
|
|
|||||||||
Total Liabilities & Stockholders Equity | 9,157 | 303,815 | 100.0 | 214,586 | 100.0 | 89,228 | 41.6 | ||||||||
|
|
|
|
|
|
|
Note: | (1) | Unaudited, prepared by AU Optronics Corp. based on ROC GAAP |
(2) | Amount in New Taiwan dollars translated into US dollars at the exchange rate of NTD 33.18 per US dollar as of September 30, 2005 |
AU OPTRONICS CORP.
CONSOLIDATED INCOME STATEMENT
For
the Nine Months Ended September 30,
2005 and 2004
(Figures in Millions of
New Taiwan Dollars (NTD) and U.S. Dollars (USD)
Nine months ended September 30 | |||||||||||
2005 | 2005 | % of | 2004 | YoY | |||||||
USD | NTD | Sales | NTD | Chg % | |||||||
|
|
|
|
|
|||||||
Net Sales | 4,358 | 144,589 | 100.0 | 128,616 | 12.4 | ||||||
Cost of Goods Sold | 3,946 | 130,924 | 90.5 | 90,356 | 44.9 | ||||||
|
|
|
|
|
|||||||
Gross Profit | 412 | 13,664 | 9.5 | 38,261 | (64.3 | ) | |||||
|
|
|
|
|
|||||||
Operating Expenses | |||||||||||
SG&A | 163 | 5,422 | 3.6 | 4,400 | 23.2 | ||||||
R&D | 113 | 3,744 | 2.6 | 3,325 | 12.6 | ||||||
|
|
|
|
|
|||||||
Total Operating Expenses | 276 | 9,166 | 6.2 | 7,725 | 18.7 | ||||||
|
|
|
|
|
|||||||
Total Operating Income | 136 | 4,499 | 3.1 | 30,535 | (85.4 | ) | |||||
|
|
|
|
|
|||||||
Net Non-Operating Expenses | (10 | ) | (340 | ) | (0.2 | ) | (377 | ) | (9.8 | ) | |
|
|
|
|
|
|||||||
Income before Income Tax | 125 | 4,158 | 2.9 | 30,158 | (86.4 | ) | |||||
|
|
|
|
|
|||||||
Income Tax Benefit (Expense) | 0 | (0 | ) | (0.0 | ) | 31 | | ||||
|
|
|
|
|
|||||||
Minority interest in net loss (income) | (0 | ) | (4 | ) | (0.0 | ) | 0 | | |||
|
|
|
|
|
|||||||
Net Income (Loss) | 125 | 4,162 | 2.9 | 30,189 | (86.3 | ) | |||||
|
|
|
|
|
|||||||
Basic Earnings Per Share | 0.02 | 0.75 | 6.35 | ||||||||
|
|
|
|||||||||
Basic Earnings Per ADS(3) | 0.23 | 7.47 | 63.49 | ||||||||
|
|
|
|||||||||
Weighted Average Number | 5,574 | 4,755 | |||||||||
of Shares Outstanding (Million) |
|
|
|||||||||
Note: | (1) | Unaudited, prepared by AU Optronics Corp. based on ROC GAAP |
(2) | Amounts in New Taiwan dollars translated into U.S. dollars at the exchange rate of NT$33.18 per US dollar as of September 30, 2005 | |
(3) | 1 ADR equals 10 common shares |
AU OPTRONICS CORP.
CONSOLIDATED INCOME STATEMENT
For
the Three Months Ended September 30
and June 30, 2005 and September 30,
2004
(Figures in Millions of New Taiwan
Dollars (NTD) and U.S. Dollars (USD)
|
|
Year over Year Comparison | Sequential Comparison | ||||||||||||||||||||
3Q 2005 | 3Q 2005 | % of | 3Q 2004 | YoY | 3Q 2005 | 3Q 2005 | % of | 2Q 2005 | QoQ | ||||||||||||
USD | NTD | Sales | NTD | Chg % | USD | NTD | Sales | NTD | Chg % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Net Sales | 1,793 | 59,505 | 100.0 | 38,755 | 53.5 | 1,793 | 59,505 | 100.0 | 46,247 | 28.7 | |||||||||||
Cost of Goods Sold | 1,514 | 50,229 | 84.4 | 31,692 | 58.5 | 1,514 | 50,229 | 84.4 | 43,084 | 16.6 | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Gross Profit | 280 | 9,276 | 15.6 | 7,064 | 31.3 | 280 | 9,276 | 15.6 | 3,163 | 193.3 | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Operating Expenses | |||||||||||||||||||||
SG&A | 72 | 2,384 | 4.0 | 1,810 | 31.7 | 72 | 2,384 | 4.0 | 1,116 | 113.6 | |||||||||||
R&D | 30 | 985 | 1.7 | 1,196 | (17.6 | ) | 30 | 985 | 1.7 | 1,515 | (35.0 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Total Operating Expenses | 102 | 3,369 | 5.7 | 3,006 | 12.1 | 102 | 3,369 | 5.7 | 2,631 | 28.1 | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Total Operating Income | 178 | 5,906 | 9.9 | 4,058 | 45.5 | 178 | 5,906 | 9.9 | 532 | 1010.2 | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Net Non-Operating Expenses | (3 | ) | (86 | ) | (0.1 | ) | 76 | (213.2 | ) | (3 | ) | (86 | ) | (0.1 | ) | (64 | ) | 34.4 | |||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Income before Income Tax | 175 | 5,820 | 9.8 | 4,134 | 40.8 | 175 | 5,820 | 9.8 | 467 | 1146.3 | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Income Tax Benefit (Expense) | 0 | (0 | ) | (0.0 | ) | 0 | | 0 | (0 | ) | (0.0 | ) | 0 | | |||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Minority interest in net loss (income) | 0 | 1 | 0.0 | 0 | | 0 | 1 | 0.0 | (3 | ) | | ||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Net Income | 175 | 5,821 | 9.8 | 4,134 | 40.8 | 175 | 5,821 | 9.8 | 470 | 1138.5 | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Basic Earnings Per Share | 0.03 | 1.05 | 0.76 | 0.03 | 1.05 | 0.13 | |||||||||||||||
|
|
|
|
|
|
||||||||||||||||
Basic Earnings Per ADS(3) | 0.32 | 10.49 | 7.57 | 0.32 | 10.49 | 1.28 | |||||||||||||||
|
|
|
|
|
|
||||||||||||||||
Weighted Average Number | 5,574 | 4,755 | 5,574 | 5,489 | |||||||||||||||||
of Shares Outstanding (Million) |
|
|
|
|
|||||||||||||||||
Note: | (1) | Unaudited, prepared by AU Optronics Corp. based on ROC GAAP |
(2) | Amounts in New Taiwan dollars translated into U.S. dollars at the exchange rate of NT$33.18 per US dollar as of September 30, 2005 | |
(3) | 1 ADR equals 10 common shares |
AU OPTRONICS CORP.
CONSOLIDATED STATEMENT OF
CASH FLOWS
For
the Nine Months Ended September 30,
2005 and 2004
(Figures in Millions of
New Taiwan Dollars (NTD) and U.S. Dollars (USD))
Nine Months 2005 | Nine Months 2004 | ||||||
USD | NTD | NTD | |||||
|
|
|
|||||
Cash Flows from Operating Activities: | |||||||
Net Income | 125 | 4,158 | 30,189 | ||||
Depreciation & Amortization | 729 | 24,192 | 18,199 | ||||
Provision for Inventory Devaluation | 15 | 492 | 390 | ||||
Investment Loss (Gain) under Equity Method | 8 | 268 | (39 | ) | |||
Disposal Gain on Long-term Investment | (3 | ) | (106 | ) | 0 | ||
Changes in Working Capital & Others | (94 | ) | (3,113 | ) | (13,585 | ) | |
|
|
|
|||||
Net Cash Provided by Operating Activities | 780 | 25,892 | 35,152 | ||||
Cash Flows from Investing Activities: | |||||||
Decrease (Increase) in Short-term Investments | 0 | 0 | 641 | ||||
Acquisition of Property, Plant and Equipment | (1,912 | ) | (63,424 | ) | (55,193 | ) | |
Proceeds from Disposal of Property, Plant and Equipment | 1 | 21 | 289 | ||||
Increase in Long-term Equity Investments | (2 | ) | (76 | ) | (1,085 | ) | |
Proceeds from Disposal of Long-term Investment | 9 | 297 | 0 | ||||
Increase in Restricted Cash in Bank | (0 | ) | (3 | ) | 0 | ||
Increase in Intangible Assets | (93 | ) | (3,078 | ) | (570 | ) | |
Decrease in Other Assets | 20 | 672 | 19 | ||||
|
|
|
|||||
Net Cash Used in Investing Activities | (1,977 | ) | (65,591 | ) | (55,899 | ) | |
Cash Flows from Financing Activities: | |||||||
Decrease in Short-term Borrowings | (186 | ) | (6,183 | ) | (301 | ) | |
Increase in Long-term Borrowings | 1,099 | 36,463 | 8,898 | ||||
Issuance of Common Stock for Cash | 470 | 15,594 | 15,967 | ||||
Cash Dividend | (179 | ) | (5,935 | ) | (5,208 | ) | |
Increase in Treasury Stock | 5 | 178 | 0 | ||||
Others | (21 | ) | (683 | ) | (451 | ) | |
|
|
|
|||||
Net Cash Provided by Financing Activities | 1,188 | 39,434 | 18,905 | ||||
Effect of Exchange Rate Change on Cash | (4 | ) | (143 | ) | 51 | ||
|
|
|
|||||
Net Increase (Decrease) in Cash and Cash Equivalents | (12 | ) | (408 | ) | (1,790 | ) | |
|
|
|
|||||
Cash and Cash Equivalents at Beginning of Period | 536 | 17,798 | 17,962 | ||||
|
|
|
|||||
Cash and Cash Equivalents at End of Period | 524 | 17,389 | 16,172 | ||||
|
|
|
Note: | (1) | Unaudited, prepared by AU Optronics Corp. based on ROC GAAP |
(2) | Amounts in New Taiwan dollars translated into U.S. dollars at the exchange rate of NT$33.18 per US dollar as of September 30, 2005 |
AU OPTRONICS CORP.
UNCONSOLIDATED BALANCE SHEET
September 30,
2005 and 2004
(Figures in Millions of
New Taiwan Dollars (NTD)
and US Dollars (USD))
September 30, 2005 | September 30, 2004 | YoY | |||||||||||||
ASSETS | USD | NTD | % | NTD | % | Change | % | ||||||||
|
|
|
|
|
|
|
|
||||||||
Cash and Cash Equivalents | 481 | 15,947 | 5.4 | 13,824 | 6.7 | 2,123 | 15.4 | ||||||||
Short-term Investments | 48 | 1,587 | 0.5 | 1,587 | 0.8 | 0 | 0.0 | ||||||||
Notes & Accounts Receivable | 1,131 | 37,521 | 12.8 | 26,246 | 12.8 | 11,275 | 43.0 | ||||||||
Other Current Financial Assets | 10 | 336 | 0.1 | 481 | 0.2 | (145 | ) | (30.1 | ) | ||||||
Inventories | 409 | 13,569 | 4.6 | 17,480 | 8.5 | (3,911 | ) | (22.4 | ) | ||||||
Other Current Assets | 202 | 6,706 | 2.3 | 3,964 | 1.9 | 2,742 | 69.2 | ||||||||
|
|
|
|
|
|
|
|||||||||
Total Current Assets | 2,280 | 75,665 | 25.8 | 63,580 | 31.0 | 12,085 | 19.0 | ||||||||
|
|
|
|
|
|
|
|||||||||
Long-term Investments | 359 | 11,919 | 4.1 | 7,058 | 3.4 | 4,861 | 68.9 | ||||||||
|
|
|
|
|
|
|
|||||||||
Fixed Assets | 8,428 | 279,628 | 95.3 | 184,057 | 89.7 | 95,571 | 51.9 | ||||||||
Less Accumulated Depreciation | (2,398 | ) | (79,563 | ) | (27.1 | ) | (54,448 | ) | (26.5 | ) | (25,115 | ) | 46.1 | ||
|
|
|
|
|
|
|
|||||||||
Net Fixed Assets | 6,030 | 200,065 | 68.2 | 129,610 | 63.2 | 70,455 | 54.4 | ||||||||
|
|
|
|
|
|
|
|||||||||
Other Assets | 173 | 5,753 | 2.0 | 4,889 | 2.4 | 864 | 17.7 | ||||||||
|
|
|
|
|
|
|
|
||||||||
Total Assets | 8,843 | 293,401 | 100.0 | 205,137 | 100.0 | 88,264 | 43.0 | ||||||||
|
|
|
|
|
|
|
|||||||||
LIABILITIES | |||||||||||||||
|
|||||||||||||||
Accounts Payable | 1,194 | 39,605 | 13.5 | 30,429 | 14.8 | 9,176 | 30.2 | ||||||||
Current Installments of Long-term Liabilities | 212 | 7,044 | 2.4 | 6,145 | 3.0 | 899 | 14.6 | ||||||||
Other Current Liabilities | 763 | 25,319 | 8.6 | 4,790 | 2.3 | 20,529 | 428.6 | ||||||||
|
|
|
|
|
|
|
|||||||||
Total Current Liabilities | 2,169 | 71,968 | 24.5 | 41,364 | 20.2 | 30,604 | 74.0 | ||||||||
|
|
|
|
|
|
|
|||||||||
Long-term Borrowings | 1,963 | 65,149 | 22.2 | 29,656 | 14.5 | 35,493 | 119.7 | ||||||||
Bonds Payable | 362 | 12,000 | 4.1 | 0 | 0.0 | 12,000 | | ||||||||
Other Long-term Liabilities | 6 | 193 | 0.1 | 1,064 | 0.5 | (871 | ) | (81.9 | ) | ||||||
|
|
|
|
|
|
|
|||||||||
Total Liabilities | 4,500 | 149,310 | 50.9 | 72,085 | 35.1 | 77,225 | 107.1 | ||||||||
|
|
|
|
|
|
|
|||||||||
SHAREHOLDERS EQUITY | |||||||||||||||
|
|||||||||||||||
Common Stock | 1,757 | 58,305 | 19.9 | 49,580 | 24.2 | 8,725 | 17.6 | ||||||||
Capital Surplus | 1,732 | 57,459 | 19.6 | 45,165 | 22.0 | 12,294 | 27.2 | ||||||||
Retained Earnings | 851 | 28,247 | 9.6 | 38,499 | 18.8 | (10,252 | ) | (26.6 | ) | ||||||
Cumulative Translation Adjustment | 2 | 80 | 0.0 | 59 | 0.0 | 21 | 35.6 | ||||||||
Treasury Stock | 0 | 0 | 0.0 | (251 | ) | (0.1 | ) | 251 | (100.0 | ) | |||||
|
|
|
|
|
|
|
|||||||||
Total Stockholders Equity | 4,343 | 144,092 | 49.1 | 133,052 | 64.9 | 11,040 | 8.3 | ||||||||
|
|
|
|
|
|
|
|||||||||
Total Liabilities & Stockholders Equity | 8,843 | 293,401 | 100.0 | 205,137 | 100.0 | 88,264 | 43.0 | ||||||||
|
|
|
|
|
|
|
Note: | (1) | Unaudited, prepared by AU Optronics Corp. based on ROC GAAP |
(2) | Amounts in New Taiwan dollars translated into U.S. dollars at the exchange rate of NT$33.18 per US dollar as of September 30, 2005 |
AU OPTRONICS CORP.
UNCONSOLIDATED INCOME STATEMENT
For
the Nine Months Ended
September 30,
2005 and 2004 and the Three Months Ended September 30
and June 30, 2005
(Figures in Millions
of New Taiwan Dollars (NTD) and US Dollars (USD)
Nine Months Year over Year Comparison | Sequential Comparison | ||||||||||||||||||||
Jan-Sep 2005 | % of | Jan-Sep 2004 | YoY | 3Q 2005 | % of | 2Q 2005 | QoQ | ||||||||||||||
USD | NTD | Sales | NTD | Chg % | USD | NTD | Sales | NTD | Chg % | ||||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Net Sales | 4,355 | 144,510 | 100.0 | 125,538 | 15.1 | 1,793 | 59,500 | 100.0 | 46,214 | 28.7 | |||||||||||
Cost of Goods Sold | 3,999 | 132,681 | 91.8 | 87,379 | 51.8 | 1,529 | 50,730 | 85.3 | 43,524 | 16.6 | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Gross Profit | 357 | 11,829 | 8.2 | 38,159 | (69.0 | ) | 264 | 8,770 | 14.7 | 2,691 | 225.9 | ||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Operating Expenses | |||||||||||||||||||||
SG&A | 134 | 4,456 | 3.1 | 3,797 | 17.4 | 64 | 2,108 | 3.5 | 774 | 172.4 | |||||||||||
R&D | 112 | 3,726 | 2.6 | 3,325 | 12.1 | 29 | 977 | 1.6 | 1,505 | (35.1 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Total Operating Expenses | 247 | 8,182 | 5.7 | 7,122 | 14.9 | 93 | 3,085 | 5.2 | 2,279 | 35.4 | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Total Operating Income | 110 | 3,647 | 2.5 | 31,038 | (88.2 | ) | 171 | 5,685 | 9.6 | 411 | 1,283.2 | ||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Net Non-Operating Income (Expenses) | 16 | 515 | 0.4 | (880 | ) | | 4 | 136 | 0.2 | 58 | 134.5 | ||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Income before Income Tax | 125 | 4,162 | 2.9 | 30,158 | (86.2 | ) | 175 | 5,821 | 9.8 | 470 | 1,138.5 | ||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Income Tax Benefit | 0 | 0 | 0.0 | 31 | | 0 | 0 | 0.0 | 0 | | |||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Net Income | 125 | 4,162 | 2.9 | 30,189 | (86.2 | ) | 175 | 5,821 | 9.8 | 470 | 1,138.5 | ||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||
Basic Earnings Per Share | 0.02 | 0.75 | 6.35 | 0.03 | 1.05 | 0.13 | |||||||||||||||
|
|
|
|
|
|
||||||||||||||||
Basic Earnings Per ADS(3) | 0.23 | 7.47 | 63.49 | 0.32 | 10.49 | 1.28 | |||||||||||||||
|
|
|
|
|
|
||||||||||||||||
Weighted Average Number | 5,574 | 4,755 | 5,574 | 5,489 | |||||||||||||||||
|
|
|
|
||||||||||||||||||
of Shares Outstanding (Million) |
Note: | (1) | Unaudited, prepared by AU Optronics Corp. based on ROC GAAP |
(2) | Amounts in New Taiwan dollars translated into U.S. dollars at the exchange rate of NT$33.18 per US dollar as of September 30, 2005 | |
(3) | 1 ADR equals 10 common shares |
AU OPTRONICS CORP.
UNCONSOLIDATED STATEMENT OF
CASH FLOWS
For the Nine Months Ended September 30,
2005 and 2004
(Figures in Millions of
New Taiwan dollars (NTD) and US dollars (USD))
Nine Months 2005 | Nine Months 2004 | ||||||
USD | NTD | NTD | |||||
|
|
|
|||||
Cash Flows from Operating Activities: | |||||||
Net Income | 125 | 4,162 | 30,189 | ||||
Depreciation & Amortization | 681 | 22,593 | 17,279 | ||||
Provision for Inventory Devaluation | 6 | 213 | 373 | ||||
Disposal Gain on LT Investment | (3 | ) | (106 | ) | (40 | ) | |
Investment Loss (Gain) under Equity Method | (14 | ) | (475 | ) | 607 | ||
Changes in Working Capital & Others | (93 | ) | (3,079 | ) | (14,922 | ) | |
|
|
|
|||||
Net Cash Provided by Operating Activities | 703 | 23,309 | 33,486 | ||||
Cash Flows from Investing Activities: | |||||||
Decrease in Short-term Investments | 0 | 0 | 558 | ||||
Acquisition of Property, Plant and Equipment | (1,830 | ) | (60,732 | ) | (50,053 | ) | |
Proceeds from Disposal of Property, Plant and Equipment | 12 | 382 | 289 | ||||
Increase in Long-term Equity Investments | (9 | ) | (300 | ) | (4,722 | ) | |
Proceeds from Disposal of Long-term Investment | 9 | 297 | 231 | ||||
Increase in Restricted Cash in Bank | (0 | ) | (3 | ) | 0 | ||
Increase in Intangible Assets | (92 | ) | (3,055 | ) | (442 | ) | |
Decrease (Increase) in Other Assets | 19 | 646 | (100 | ) | |||
|
|
|
|||||
Net Cash Used in Investing Activities | (1,892 | ) | (62,765 | ) | (54,239 | ) | |
Cash Flows from Financing Activities: | |||||||
Decrease in Short-term Borrowings | (175 | ) | (5,800 | ) | 0 | ||
Increase in Long-term Borrowings | 885 | 29,360 | 7,655 | ||||
Issuance of Common Stock for Cash | 470 | 15,594 | 15,967 | ||||
Issuance of Convertible Bonds and Bonds Payable | 181 | 6,000 | 0 | ||||
Directors and Supervisors Remuneration | (21 | ) | (687 | ) | (451 | ) | |
Cash Dividends | (179 | ) | (5,935 | ) | (5,208 | ) | |
Increase in Treasury Stock | 5 | 178 | 0 | ||||
|
|
|
|||||
Net Cash Provided by Financing Activities | 1,167 | 38,710 | 17,963 | ||||
Effect of Exchange Rate Change on Cash | 5 | 164 | (9 | ) | |||
|
|
|
|||||
Net Increase (Decrease) in Cash and Cash Equivalents | (18 | ) | (582 | ) | (2,800 | ) | |
|
|
|
|||||
Cash and Cash Equivalents at Beginning of Period | 498 | 16,529 | 16,624 | ||||
|
|
|
|||||
Cash and Cash Equivalents at End of Period | 481 | 15,947 | 13,824 | ||||
|
|
|
Note: | (1) | Unaudited, prepared by AU Optronics Corp. based on ROC GAAP |
(2) | Amounts in New Taiwan dollars translated into U.S. dollars at the exchange rate of NT$33.18 per US dollar as of September 30, 2005 |