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
January
28, 2010
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Commission
File Number
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001-31335
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AU
Optronics Corp.
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(Translation
of registrant’s name into English)
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No.
1 Li-Hsin Road 2
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Hsinchu
Science Park
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Hsinchu,
Taiwan
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(Address
of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
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Form
20-F X Form 40-F ___
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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
registrant's "home country"), or under the rules of the home country exchange on
which the registrant's 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 registrant's 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.
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Yes
..... No ..X...
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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
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1.
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Press
release entitled, ” AUO Reports 4Q2009 Results”, dated January 28,
2010.
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2.
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Investor
Conference Materials entitled, “AU Optronics Corp. Fourth Quarter 2009
Results”, dated January 28, 2010.
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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.
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AU
Optronics Corp.
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Date: January
28, 2010
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By:
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/s/
Andy Yang
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Name:
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Andy
Yang
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|||
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Title:
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Chief
Financial Officer
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News
Release
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AUO
Reports 4Q2009 and Fiscal 2009 Financial Results
Issued by: AU Optronics
Corp.
Issued on: January 28,
2010
Hsinchu, Taiwan, January 28, 2010
–
AU Optronics Corp. ("AUO" or the "Company") (TAIEX:
2409; NYSE: AUO) today announced unaudited results for 4Q2009 and Fiscal
2009. For the fourth quarter ended December 31, 2009, AUO posted consolidated
revenue of NT$114.9 billion (US$3.6 billion, up 3.3% from the previous quarter),
operating income of NT$1.9 billion (US$59 million), net loss of NT$7.9 billion
(US$246 million), attributable to equity holders of the parent company NT$6.9
billion (US$217 million), and basic EPS of -NT$0.78 per common share
(-US$0.25 per ADR) in the fourth quarter.
4Q2009 Result
Highlights
AUO reported the
following unaudited consolidated results for the fourth quarter of Fiscal
2009:
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Ÿ
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Revenue of
NT$114.9 billion, up 3.3%
quarter-over-quarter
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Ÿ
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Net loss of
NT$7.9 billion
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Ÿ
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Basic EPS of
-NT$0.78 per common share
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Ÿ
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Gross margin
of 7.6%
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Ÿ
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Operating
margin of 1.7%
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Ÿ
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EBITDA (*)
margin of 22.0%
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Fiscal 2009 Result
Highlights
AUO reported the
following unaudited consolidated results for the full year 2009:
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Ÿ
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Revenue of
NT$359.3 billion, down 15.2%
year-over-year
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Ÿ
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Net loss of
NT$27.2 billion
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Ÿ
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Basic EPS of
-NT$3.04 per common share
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For the year of 2009, AUO’s large-sized panels
totaled to 89.6 million units, up 12.5% year-over-year. In terms of small- and
medium-sized panels, the shipment was over 228.6 million units, an increase of
21.6% from the previous year.
“We are pleased that AUO’s 4Q2009
shipments of large-sized panels achieved a historical high and beat our previous
guidance in 3Q2009 investor conference, “ said Mr. Andy Yang, Chief Financial
Officer of AUO. “Despite of the unfavorable panel pricing trends, AUO still
delivered positive operating margins, thanks to management team’s swift response
to customers’ needs and timely adjustment of the product mix. With continuing
product innovation and strong R&D capability, our company was able to report
the EBITDA margin of 22%, leading the industry peers. To further strengthen our
balance sheet, the company continues to spend great efforts in managing free
cash flows, which successfully reduced our gearing rates and maintained a
healthy inventory level.”
Looking into 2010,
AUO believes there will be full of prosperity and business opportunities. In
order to fulfill customers’ demands and to capture the robust growths in
Mainland China market, the Company aims to do a “smart expansion” and properly
add its capacity investment at the right moment. In addition to its core TFT
business, AUO plans to accelerate its developments in leading-edge technologies
and new businesses, to further seize the growing opportunities in innovative
applications in the coming decade.
* EBITDA=Operating Income
+D&A
* Amounts converted by an exchange rate of NTD31.95:USD1 as of
December 31, 2009.
*
All financial information was unaudited and was prepared by the Company in
accordance with generally accepted accounting principles in Taiwan (“ROC
GAAP”)
# # #
ABOUT
AU OPTRONICS
AU Optronics Corp.
(AUO) is a worldwide top three manufacturer* of thin film transistor liquid
crystal display panels (TFT-LCD). AUO is able to provide customers with a full
range of panel sizes and comprehensive applications, offering TFT-LCD panels in
sizes ranging from 1.2 inches to greater than 65 inches. AUO generated
consolidated sales revenue NT$359.3 billion (US$11.2 billion) in 2009 with
global operations located in Taiwan, Mainland China, Japan, Singapore, South
Korea, the U.S., and Europe. Additionally, AUO is the first pure TFT-LCD
manufacturer to successfully list at the New York Stock Exchange (NYSE). AUO
extended its market to green energy industry in the end of 2008, and formally
founded The Solar Photovoltaic Business Unit in October, 2009. For more
information, please visit AUO.com.
* DisplaySearch
3Q2009 WW Large-Area TFT-LCD Shipment Report. This data is used as reference
only and AUO does not make any endorsement or representation in connection
therewith. 2009 year end revenue converted by an exchange rate of
NTD31.95:USD1.
Safe Harbour
Notice
AU Optronics Corp. (“AUO” or the “Company”) (TAIEX: 2409; NYSE: AUO), a
worldwide top three manufacturer of large-size TFT-LCD
panels, today announced the above news. 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 management's 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
Form 20-F filed with the United States Securities and Exchange Commission on
June 4th, 2008.
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For more
information, please contact:
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| Freda Lee | Yawen Hsiao |
| Corporate Communications Division | Corporate Communications Division |
| AU Optronics Corp. | AU Optronics Corp. |
| Tel: +886-3-5008800 ext 3206 | +886-3-5008800 ext 3211 |
| Fax: +886-3-5772730 | +886-3-5772730 |
| Email: freda.lee@auo.com | yawen .hsiao@auo.com |
 |
[GRAPHIC OMITTED]
AUO Proprietary & Confidential
AU Optronics Corp.
Fourth Quarter 2009 Results Investor Conference
[GRAPHIC OMITTED]
2009[GRAPHIC OMITTED]
Jan 28, 2010
[GRAPHIC OMITTED]
Safe Harbor Notice
o 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.
o 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.
o 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").
o 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.
o 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,
2008 filed with the United States Securities and Exchange Commission.
2
slide01
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[GRAPHIC OMITTED]
Consolidated Income Statement
Amount : NT$ Million Except Per Share Data
------------------ ----------------- ---- -----------------
4Q'09 3Q'09 QoQ % 4Q'08
------------------ ----------------- ---- -----------------
Net Sales 114,861 100.0% 111,243 100.0% 3.3% 59,750 100.0%
Cost of Goods Sold (106,096) (92.4%) (98,194) (88.3%) 8.0% (80,682) (135.0%)
-------- ------ ------- ------ ---- ------- -------
Gross Profit (Loss) 8,766 7.6% 13,049 11.7% (32.8%) (20,932) (35.0%)
Operating Expenses (6,866) (6.0%) (5,497) (4.9%) 24.9% (3,031) (5.1%)
-------- ------ ------- ------ ---- ------- -------
Operating Income
(Loss) 1,900 1.7% 7,551 6.8% (74.8%) (23,962) (40.1%)
Net Non-operating
Expenses(c) (10,977) (9.6%) (299) (0.3%) 3567.5% (3,682) (6.2%)
-------- ------ ------- ------ ---- ------- -------
Income (Loss) before
Tax (9,077) (7.9%) 7,252 6.5% -- (27,645) (46.3%)
-------- ------ ------- ------ ---- ------- -------
Net Income (Loss) (7,850) (6.8%) 7,420 6.7% -- (26,595) (44.5%)
======== ====== ======= ====== ==== ======= =======
Attributable t
Equity holders of the
parent company (6,926) (6.0%) 7,299 6.6% -- (26,565) (44.5%)
Minority interest (924) (0.8%) 121 0.1% -- (30) (0.1%)
-------- ------ ------- ------ ---- ------- -------
Net Income (Loss) (7,850) (6.8%) 7,420 6.7% -- (26,595) (44.5%)
======== ====== ======= ====== ==== ======= =======
Basic EPS (NT$)(a) (0.78) 0.84 -- (3.0
=======
------------------------------------------------------------------------------------------
Operating Income + D&A 25,243 22.0% 30,985 27.9% (18.5%) (2,812) (4.7%)
============================================================================================
Unit Shipments (mn)(b)
Large Size Panels 27.4 26.7 2.5% 15.1
Small & Medium Size Panels 60.1 64.8 (7.3%) 47.4
============================================================================================
- Unaudited, prepared by AUO on a consolidated basis
(a) Basic EPS was calculated based on the total weighted average outstanding
shares of each quarter (8,797m shares in 4Q09, 8,787m shares in 3Q09 and
8,760m shares in 4Q08) by retroactively adjusting to stock dividend and
stock bonus
(b) Large size refers to panels that are 10 inches and above
(c) The increase of the non-operating loss for the fourth quarter is mainly
attributable to legal expenses reserved for antitrust matters. The company
expects that indictments against the company and certain personnel may be
forthcoming in the next few months. The company has and will continue to
vigorously defend itself with respect to the antitrust allegations.
However, given the unpredictable nature of legal matters, the company
cannot rule out the possibility that it may not prevail in all such
matters or that the matters may settle.Therefore, the company believes
that it is appropriate to make such accruals at this time as the company
deems appropriate, with the understanding that the final amount, if any,
may not be ascertained until the final resolution of these matters.
3
[GRAPHIC OMITTED]
Consolidated Income Statement
Amount : NT$ Million Except Per Share Data
FY2009 FY2008 YoY%
------------------- ------------------ -----
Net Sales 359,331 100.0% 423,928 100.0% (15.2%)
Cost of Goods Sold (352,290) (98.0%) (368,600) (86.9%) (4.4%)
-------- ------ -------- ------ -----
Gross Profit 7,041 2.0% 55,328 13.1% (87.3%)
Operating Expenses (22,280) (6.2%) (22,236) (5.2%) 0.2%
-------- ------ -------- ------ -----
Operating Income (Loss) (15,239) (4.2%) 33,092 7.8% --
Net Non-operating Expenses(d) (12,028) (3.3%) (6,821) (1.6%) 76.3%
-------- ------ -------- ------ -----
Income (Loss) before Tax (27,267) (7.6%) 26,271 6.2% --
-------- ------ -------- ------ -----
Net Income (Loss) (27,245) (7.6%) 21,642 5.1% --
======== ====== ======== ===== =====
Attributable t
Equity holders of the parent
company (26,769) (7.4%) 21,267 5.0% --
Minority interest (475) (0.1%) 374 0.1% --
Net Income (Loss) (27,245) (7.6%) 21,642 5.1% --
======= ===== ====== ==== =====
Basic EPS (NT$)(a) (3.04) 2.43
------
------------------------------------------------------------------------------------
Operating Income + D&A 74,869 20.8% 114,281 27.0% (34.5%)
ROE(b) (9.7%) 7.3% --
------------------------------------------------------------------------------------
Unit Shipments (mn)(c)
Large Size Panels 89.6 79.7 12.5%
Small & Medium Size Panels 228.6 188.1 21.6%
------------------------------------------------------------------------------------
- Unaudited, prepared by AUO on a consolidated basis
(a) Basic EPS was calculated based on total weighted average outstanding
shares of 8,797m shares and 8,760m shares in 2009 and 2008, respectively
(b) ROE was based on average equity attributable to shareholders of the parent
company
(c) Large size refers to panels that are 10 inches and above
(d) The increase of the non-operating loss for the fourth quarter is mainly
attributable to legal expenses reserved for antitrust matters. The company
expects that indictments against the company and certain personnel may be
forthcoming in the next few months. The company has and will continue to
vigorously defend itself with respect to the antitrust allegations.
However, given the unpredictable nature of legal matters, the company
cannot rule out the possibility that it may not prevail in all such
matters or that the matters may settle.Therefore, the company believes
that it is appropriate to make such accruals at this time as the company
deems appropriate, with the understanding that the final amount, if any,
may not be ascertained until the final resolution of these matters.
4
slide02
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[GRAPHIC OMITTED]
Consolidated Balance Sheet Highlights
Amount : NT$ Million
------- ------- ----- --------
4Q'09 3Q'09 QoQ % 4Q'08
------- ------- ----- --------
Cash & ST Investment 85,443 58,818 45.3% 83,905
Inventory 39,230 42,590 (7.9%) 23,611
Short Term Debt(a) 48,790 51,628 (5.5%) 48,443
Long Term Debt 133,079 124,104 7.2% 114,342
Equity 274,919 286,723 (4.1%) 299,259
Total Assets 622,613 612,830 1.6% 566,936
-----
---------------------------------------------------------------------------------------
Inventory Turnover (Days)(b) 35 35 36
Debt to Equity 66.2% 61.3% 54.4%
Net Debt to Equity 35.1% 40.8% 26.4%
=======================================================================================
- Unaudited, prepared by AUO on a consolidated bas
(a) Short term debt refers to all interest bearing debt maturing within one year
(b) Calculated by dividing the average inventory into the annualized cost of
goods sold during such period, then multiplying by 365 days
5
[GRAPHIC OMITTED]
Consolidated Cash Flow Highlights
Amount : NT$ Million
------- ------- ----- -------
4Q'09 3Q'09 QoQ FY2009
------- ------- ----- -------
From Operating Activities 35,472 22,847 12,626 57,041
Net Income (Loss) (7,850) 7,420 (15,270) (27,245)
Depreciation & Amortization 23,343 23,434 (91) 90,108
Net Change in Working Capital 20,277 (8,048) 28,326 (4,985)
------------------------------- ------ ------- ------ ------
From Investing Activities (16,112) (17,288) 1,176 (67,456)
Capital Expenditure (15,681) (14,797) (884) (61,047)
------------------------------- ------ ------- ------ ------
From Financing Activities 7,285 (13,594) 20,879 11,925
Net Change in Debt 6,966 (10,640) 17,606 12,651
------------------------------- ------ ------- ------ ------
Net Change in Cash(a) 26,837 (7,673) 34,510 2,009
- Unaudited, prepared by AUO on a consolidated basis
(a) In addition to cash generated from operating, investing and financing
activities, net change in cash also included effect on currency exchange of
foreign subsidiaries
6
slide03
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[GRAPHIC OMITTED]
Consolidated Revenues by Application
[GRAPHIC OMITTED]
- Unaudited, prepared by AUO on a consolidated basis
7
[GRAPHIC OMITTED]
Large Panel - ASP by Unit
[GRAPHIC OMITTED]
- Unaudited, prepared by AUO on a consolidated basis
- Large size refers to panels that are 10 inches and above
- Blended ASP in US$ was translated from NT$ based on average exchange rates
announced by Directorate General of Customs, ROC Ministry of Finance of each
respective quarter
8
slide04
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[GRAPHIC OMITTED]
Consolidated Shipments & ASP by Area
[GRAPHIC OMITTED]
- Unaudited, prepared by AUO on a consolidated basis
- ASP per square meter in US$ was translated from NT$ based on average exchange
rates announced by Directorate General of Customs, ROC Ministry of Finance of
each respective quarter
9
[GRAPHIC OMITTED]
Consolidated Small & Medium Panel
Shipments & Revenues
[GRAPHIC OMITTED]
- Unaudited, prepared by AUO on a consolidated basis
- Small & Medium size refers to panels that are under 10 inches
10
slide05
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[GRAPHIC OMITTED]
Capacity by Fab
12/2009 3/2010(F) Major
Fab Capacity Capacity Products
----------- ----------- ----------------- ----------
L3 (G3.5) 130,000 130,000 Small/Medium
-----------------------------------------------------------------------------
L3 (G3.5) LTPS 20,000 LTPS 20,000 Small/Medium GRAPHIC
----------------------------------------------------------------------------- OMITTED]
L4 (G4.0) 60,000 60,000 Small/Medium
--------------------------------------------------------------------------------------------
L5 (G5.0) 310,000 310,000 NB, Monitor GRAPHIC
OMITTED]
--------------------------------------------------------------------------------------------
L6 (G6.0) 240,000 240,000 Monitor, TV, Public GRAPHIC
Info Display OMITTED]
--------------------------------------------------------------------------------------------
L7 (G7.5) 100,000 100,000 Monitor, TV, Public GRAPHIC
Info Display OMITTED
--------------------------------------------------------------------------------------------
L8 (G8.5) 40,000 40,000 TV, Public Info GRAPHIC
Display OMITTED
--------------------------------------------------------------------------------------------
- Capacity based on monthly glass substrate input
11
[GRAPHIC OMITTED]
www.auo.com
-----------
ir@auo.com
----------
12
slide06
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AU
OPTRONICS CORP. CONSOLIDATED BALANCE SHEET |
||||||||||||||||||||||||||||
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(Expressed
in Millions of New Taiwan Dollars (NTD) and US Dollars (USD)
)
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||||||||||||||||||||||||||||
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December 31,
2009
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December 31,
2008
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YoY | ||||||||||||||||||||||||||
|
ASSETS
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USD
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NTD
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%
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NTD
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%
|
Change
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%
|
|||||||||||||||||||||
|
Cash and Cash
Equivalents
|
2,674 | 85,443 | 13.7 | 83,435 | 14.7 | 2,009 | 2.4 | |||||||||||||||||||||
|
Available-for-Sale
Financial Assets - Current
|
0 | 0 | 0.0 | 470 | 0.1 | (470 | ) | (100.0 | ) | |||||||||||||||||||
|
Notes &
Accounts Receivables
|
1,951 | 62,345 | 10.0 | 23,899 | 4.2 | 38,446 | 160.9 | |||||||||||||||||||||
|
Other Current
Financial Assets
|
71 | 2,255 | 0.4 | 4,150 | 0.7 | (1,894 | ) | (45.7 | ) | |||||||||||||||||||
|
Inventories
|
1,228 | 39,230 | 6.3 | 23,611 | 4.2 | 15,619 | 66.2 | |||||||||||||||||||||
|
Other Current
Assets
|
225 | 7,187 | 1.2 | 10,729 | 1.9 | (3,542 | ) | (33.0 | ) | |||||||||||||||||||
|
Total Current
Assets
|
6,149 | 196,461 | 31.6 | 146,293 | 25.8 | 50,168 | 34.3 | |||||||||||||||||||||
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Long-term
Investments
|
382 | 12,207 | 2.0 | 7,836 | 1.4 | 4,371 | 55.8 | |||||||||||||||||||||
|
Fixed
Assets
|
24,606 | 786,156 | 126.3 | 691,180 | 121.9 | 94,976 | 13.7 | |||||||||||||||||||||
|
Less:
Accumulated Depreciation
|
(12,376 | ) | (395,405 | ) | (63.5 | ) | (301,832 | ) | (53.2 | ) | (93,574 | ) | 31.0 | |||||||||||||||
|
Net Fixed
Assets
|
12,230 | 390,750 | 62.8 | 389,348 | 68.7 | 1,402 | 0.4 | |||||||||||||||||||||
|
Other
Assets
|
726 | 23,195 | 3.7 | 23,458 | 4.1 | (263 | ) | (1.1 | ) | |||||||||||||||||||
|
Total
Assets
|
19,487 | 622,613 | 100.0 | 566,936 | 100.0 | 55,677 | 9.8 | |||||||||||||||||||||
|
LIABILITIES
|
||||||||||||||||||||||||||||
|
Short-term
Borrowings
|
61 | 1,945 | 0.3 | 4,857 | 0.9 | (2,912 | ) | (60.0 | ) | |||||||||||||||||||
|
Accounts
Payable
|
2,896 | 92,530 | 14.9 | 58,178 | 10.3 | 34,352 | 59.0 | |||||||||||||||||||||
|
Current
Installments of Long-term Borrowings
|
1,466 | 46,844 | 7.5 | 43,585 | 7.7 | 3,259 | 7.5 | |||||||||||||||||||||
|
Current
Financial Liabilities
|
34 | 1,088 | 0.2 | 29 | 0.0 | 1,059 | 3673.2 | |||||||||||||||||||||
|
Accrued
Expense & Other Current Liabilities
|
1,140 | 36,431 | 5.9 | 24,472 | 4.3 | 11,959 | 48.9 | |||||||||||||||||||||
|
Dividend
Payable
|
3 | 98 | 0.0 | 0 | 0.0 | 98 |
－
|
|||||||||||||||||||||
|
Machinery and
Equipment Payable
|
745 | 23,789 | 3.8 | 21,363 | 3.8 | 2,426 | 11.4 | |||||||||||||||||||||
|
Total Current
Liabilities
|
6,345 | 202,725 | 32.6 | 152,485 | 26.9 | 50,241 | 32.9 | |||||||||||||||||||||
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Long-term
Borrowings
|
3,863 | 123,424 | 19.8 | 96,651 | 17.0 | 26,774 | 27.7 | |||||||||||||||||||||
|
Bonds
Payable
|
302 | 9,655 | 1.6 | 17,691 | 3.1 | (8,036 | ) | (45.4 | ) | |||||||||||||||||||
|
Non Current
Financial Liabilities
|
16 | 516 | 0.1 | 829 | 0.1 | (314 | ) | (37.8 | ) | |||||||||||||||||||
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Other
Long-term Liabilities
|
356 | 11,373 | 1.8 | 21 | 0.0 | 11,352 | 53247.9 | |||||||||||||||||||||
|
Total
Long-term Liabilities
|
4,537 | 144,968 | 23.3 | 115,192 | 20.3 | 29,776 | 25.8 | |||||||||||||||||||||
|
Total
Liabilities
|
10,882 | 347,694 | 55.8 | 267,677 | 47.2 | 80,017 | 29.9 | |||||||||||||||||||||
|
SHAREHOLDERS'
EQUITY
|
||||||||||||||||||||||||||||
|
Common
Stock
|
2,763 | 88,270 | 14.2 | 85,057 | 15.0 | 3,213 | 3.8 | |||||||||||||||||||||
|
Capital
Surplus
|
3,599 | 114,972 | 18.5 | 113,651 | 20.0 | 1,321 | 1.2 | |||||||||||||||||||||
|
Retained
Earnings
|
1,755 | 56,069 | 9.0 | 89,992 | 15.9 | (33,923 | ) | (37.7 | ) | |||||||||||||||||||
|
Cumulative
Translation Adjustments
|
53 | 1,686 | 0.3 | 2,331 | 0.4 | (645 | ) | (27.7 | ) | |||||||||||||||||||
|
Unrealized
Gain(Loss) on Financial Products
|
34 | 1,090 | 0.2 | (932 | ) | (0.2 | ) | 2,022 |
－
|
|||||||||||||||||||
|
Net loss not
recognized as pension cost
|
0 | 0 | 0.0 | (40 | ) | 0.0 | 40 | (100.0 | ) | |||||||||||||||||||
|
Minority
Interest
|
402 | 12,832 | 2.1 | 9,200 | 1.6 | 3,632 | 39.5 | |||||||||||||||||||||
|
Total
Shareholders' Equity
|
8,605 | 274,919 | 44.2 | 299,259 | 52.8 | (24,340 | ) | (8.1 | ) | |||||||||||||||||||
|
Total
Liabilities & Shareholders' Equity
|
19,487 | 622,613 | 100.0 | 566,936 | 100.0 | 55,677 | 9.8 | |||||||||||||||||||||
Note:
(1) Unaudited, prepared by AUO based on ROC GAAP
(2)
Amounts in New Taiwan dollars were translated into US dollars at the exchange
rate of NTD 31.95 per USD as of December 31, 2009
|
AU
OPTRONICS CORP. CONSOLIDATED
INCOME STATEMENT |
||||||||||||||||||||||||||||||||||||||||
|
Year over
Year Comparison
|
Sequential
Comparison
|
|||||||||||||||||||||||||||||||||||||||
|
4Q
2009
|
%
of
|
4Q 2008 |
YoY
|
4Q 2009 | % of | 3Q 2009 | QoQ | |||||||||||||||||||||||||||||||||
|
USD
|
NTD
|
Sales
|
NTD
|
Chg
%
|
USD
|
NTD
|
Sales
|
NTD
|
Chg
%
|
|||||||||||||||||||||||||||||||
|
Net
Sales
|
3,595 | 114,861 | 100.0 | 59,750 | 92.2 | 3,595 | 114,861 | 100.0 | 111,243 | 3.3 | ||||||||||||||||||||||||||||||
|
Cost of Goods
Sold
|
3,321 | 106,096 | 92.4 | 80,682 | 31.5 | 3,321 | 106,096 | 92.4 | 98,194 | 8.0 | ||||||||||||||||||||||||||||||
|
Gross Profit
(Loss)
|
274 | 8,766 | 7.6 | (20,932 | ) |
－
|
274 | 8,766 | 7.6 | 13,049 | (32.8 | ) | ||||||||||||||||||||||||||||
|
Operating
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
SG&A
|
162 | 5,179 | 4.5 | 2,256 | 129.6 | 162 | 5,179 | 4.5 | 3,810 | 36.0 | ||||||||||||||||||||||||||||||
|
R&D
|
53 | 1,686 | 1.5 | 775 | 117.5 | 53 | 1,686 | 1.5 | 1,688 | (0.1 | ) | |||||||||||||||||||||||||||||
| 215 | 6,866 | 6.0 | 3,031 | 126.5 | 215 | 6,866 | 6.0 | 5,497 | 24.9 | |||||||||||||||||||||||||||||||
|
Operating
Income (Loss)
|
59 | 1,900 | 1.7 | (23,962 | ) |
－
|
59 | 1,900 | 1.7 | 7,551 | (74.8 | ) | ||||||||||||||||||||||||||||
|
Net
Non-Operating Expenses
|
(344 | ) | (10,977 | ) | (9.6 | ) | (3,682 | ) | 198.1 | (344 | ) | (10,977 | ) | (9.6 | ) | (299 | ) | 3,567.5 | ||||||||||||||||||||||
|
Income (Loss)
before Income Tax
|
(284 | ) | (9,077 | ) | (7.9 | ) | (27,645 | ) | (67.2 | ) | (284 | ) | (9,077 | ) | (7.9 | ) | 7,252 |
－
|
||||||||||||||||||||||
|
Income Tax
Benefit
|
38 | 1,227 | 1.1 | 1,050 | 16.9 | 38 | 1,227 | 1.1 | 168 | 632.0 | ||||||||||||||||||||||||||||||
|
Net Income
(Loss)
|
(246 | ) | (7,850 | ) | (6.8 | ) | (26,595 | ) | (70.5 | ) | (246 | ) | (7,850 | ) | (6.8 | ) | 7,420 |
－
|
||||||||||||||||||||||
|
Attributable
to:
|
||||||||||||||||||||||||||||||||||||||||
|
Equity
Holders of The Parent Company
|
(217 | ) | (6,926 | ) | (6.0 | ) | (26,565 | ) | (73.9 | ) | (217 | ) | (6,926 | ) | (6.0 | ) | 7,299 |
－
|
||||||||||||||||||||||
|
Minority
Interest
|
(29 | ) | (924 | ) | (0.8 | ) | (30 | ) | 2,977.6 | (29 | ) | (924 | ) | (0.8 | ) | 121 |
－
|
|||||||||||||||||||||||
|
Net Income
(Loss)
|
(246 | ) | (7,850 | ) | (6.8 | ) | (26,595 | ) | (70.5 | ) | (246 | ) | (7,850 | ) | (6.8 | ) | 7,420 |
－
|
||||||||||||||||||||||
|
Basic
Earnings Per Share
|
(0.02 | ) | (0.78 | ) | (3.03 | ) | (0.02 | ) | (0.78 | ) | 0.84 | |||||||||||||||||||||||||||||
|
Basic Earnings Per
ADR(3)
|
(0.25 | ) | (7.85 | ) | (30.33 | ) | (0.25 | ) | (7.85 | ) | 8.38 | |||||||||||||||||||||||||||||
|
Weighted-Average
Shares Outstanding ('M)
|
8,797 | 8,760 | 8,797 | 8,787 |
| Note: |
(1)
|
Unaudited,
prepared by AUO based on ROC GAAP
|
|
(2)
|
Amounts
in New Taiwan dollars were translated into US dollars at the exchange rate
of NTD 31.95 per USD as of December 31, 2009
|
|
|
(3)
|
1 ADR equals 10 common shares |
|
AU
OPTRONICS CORP. CONSOLIDATED INCOME
STATEMENT |
||||||||||||||||||||
|
Year
over Year Comparison
|
||||||||||||||||||||
|
2009
|
%
of
|
2008
|
YoY
|
|||||||||||||||||
|
USD
|
NTD
|
Sales
|
NTD
|
Chg
%
|
||||||||||||||||
|
Net
Sales
|
11,247 | 359,331 | 100.0 | 423,928 | (15.2 | ) | ||||||||||||||
|
Cost of Goods
Sold
|
11,026 | 352,290 | 98.0 | 368,600 | (4.4 | ) | ||||||||||||||
|
Gross
Profit
|
220 | 7,041 | 2.0 | 55,328 | (87.3 | ) | ||||||||||||||
|
Operating
Expenses
|
||||||||||||||||||||
|
SG&A
|
504 | 16,094 | 4.5 | 16,900 | (4.8 | ) | ||||||||||||||
|
R&D
|
194 | 6,185 | 1.7 | 5,335 | 15.9 | |||||||||||||||
| 697 | 22,280 | 6.2 | 22,236 | 0.2 | ||||||||||||||||
|
Operating
Income (Loss)
|
(477 | ) | (15,239 | ) | (4.2 | ) | 33,092 |
－
|
||||||||||||
|
Net
Non-Operating Expenses
|
(376 | ) | (12,028 | ) | (3.3 | ) | (6,821 | ) | 76.3 | |||||||||||
|
Income (Loss)
before Income Tax
|
(853 | ) | (27,267 | ) | (7.6 | ) | 26,271 |
－
|
||||||||||||
|
Income Tax
Benefit (Expense)
|
1 | 23 | 0.0 | (4,629 | ) |
－
|
||||||||||||||
|
Net Income
(Loss)
|
(853 | ) | (27,245 | ) | (7.6 | ) | 21,642 |
－
|
||||||||||||
|
Attributable
to:
|
||||||||||||||||||||
|
Equity
Holders of The Parent Company
|
(838 | ) | (26,769 | ) | (7.4 | ) | 21,267 |
－
|
||||||||||||
|
Minority
Interest
|
(15 | ) | (475 | ) | (0.1 | ) | 374 |
－
|
||||||||||||
|
Net Income
(Loss)
|
(853 | ) | (27,245 | ) | (7.6 | ) | 21,642 |
－
|
||||||||||||
|
Basic
Earnings Per Share
|
(0.10 | ) | (3.04 | ) | 2.43 | |||||||||||||||
|
Basic Earnings Per
ADR(3)
|
(0.95 | ) | (30.43 | ) | 24.28 | |||||||||||||||
|
Weighted-Average
Shares Outstanding ('M)
|
8,797 | 8,760 | ||||||||||||||||||
| Note: |
(1)
|
Unaudited, prepared by AUO based on ROC GAAP |
|
(2)
|
Amounts
in New Taiwan dollars were translated into US dollars at the exchange rate
of NTD 31.95 per USD as of December 31, 2009
|
|
|
(3)
|
1 ADR equals 10 common shares |
|
AU
OPTRONICS CORP. CONSOLIDATED
STATEMENT OF CASH FLOW |
||||||||||||
|
2009
|
2008
|
|||||||||||
|
USD
|
NTD
|
NTD
|
||||||||||
|
Cash
Flow from Operating Activities:
|
||||||||||||
|
Net
Income(Loss)
|
(853 | ) | (27,245 | ) | 21,642 | |||||||
|
Depreciation
& Amortization
|
2,820 | 90,108 | 81,188 | |||||||||
|
Investment
Loss(Gain) under Equity Method
|
(4 | ) | (140 | ) | 314 | |||||||
|
Changes in
Working Capital
|
(156 | ) | (4,985 | ) | 23,689 | |||||||
|
Changes in
Others
|
(22 | ) | (697 | ) | 5,224 | |||||||
|
Net Cash
Provided by Operating Activities
|
1,785 | 57,041 | 132,058 | |||||||||
|
Cash
Flow from Investing Activities:
|
||||||||||||
|
Acquisition
of Property, Plant and Equipment
|
(1,911 | ) | (61,047 | ) | (98,355 | ) | ||||||
|
Proceeds from
Disposal of Property, Plant and Equipment
|
7 | 236 | 1,344 | |||||||||
|
Increase in
Long-term Investments
|
(182 | ) | (5,804 | ) | (2,889 | ) | ||||||
|
Proceeds from
Disposal of Long-term Investments and AFS Investments
|
36 | 1,154 | 271 | |||||||||
|
Derease(Increase)
in Restricted Cash in Banks
|
(13 | ) | (426 | ) | 8 | |||||||
|
Increase in
Deferred Assets and Intangible Assets
|
(35 | ) | (1,121 | ) | (1,502 | ) | ||||||
|
Increase in
Other Assets
|
(14 | ) | (448 | ) | (134 | ) | ||||||
|
Net Cash Used
in Investing Activities
|
(2,111 | ) | (67,456 | ) | (101,257 | ) | ||||||
|
Cash
Flow from Financing Activities:
|
||||||||||||
|
Increase(Decrease)
in Short-term Borrowings
|
(153 | ) | (4,902 | ) | 4,721 | |||||||
|
Increase(Decrease)
in Guarantee Deposits
|
(0 | ) | (6 | ) | 3 | |||||||
|
Increase(Decrease)
in Long-term Borrowings and Bonds Payable
|
549 | 17,553 | (20,694 | ) | ||||||||
|
Directors'
Remuneration and Employees' Compensation
|
0 | 0 | (1,763 | ) | ||||||||
|
Cash
Dividends
|
(80 | ) | (2,552 | ) | (19,671 | ) | ||||||
|
Employee
Stock Options Exercised
|
0 | 0 | 27 | |||||||||
|
Change in
Minority Interest
|
57 | 1,832 | (58 | ) | ||||||||
|
Net Cash
Provided(Used) by Financing Activities
|
373 | 11,925 | (37,436 | ) | ||||||||
|
Cash
Proceeds from M.Setek Acquisition
|
26 | 839 | 0 | |||||||||
|
Effect
of Exchange Rate Changes on Cash
|
(11 | ) | (341 | ) | 181 | |||||||
|
Net
Increase(Decrease) in Cash and Cash Equivalents
|
63 | 2,009 | (6,455 | ) | ||||||||
|
Cash
and Cash Equivalents at Beginning of Period
|
2,611 | 83,435 | 89,890 | |||||||||
|
Cash
and Cash Equivalents at End of Period
|
2,674 | 85,443 | 83,435 | |||||||||
Note:
(1) Unaudited, prepared by AUO based on ROC GAAP
(2)
Amounts in New Taiwan dollars were translated into US dollars at the exchange
rate of NTD 31.95 per USD as of December 31, 2009
|
AU
OPTRONICS CORP. UNCONSOLIDATED
BALANCE SHEET |
||||||||||||||||||||||||||||
|
(Expressed
in Millions of New Taiwan Dollars (NTD) and US Dollars (USD)
)
|
||||||||||||||||||||||||||||
|
December 31,
2009
|
December 31,
2008
|
YoY
|
||||||||||||||||||||||||||
|
ASSETS
|
USD
|
NTD
|
%
|
NTD
|
%
|
Change
|
%
|
|||||||||||||||||||||
|
Cash and Cash
Equivalents
|
1,788 | 57,114 | 10.4 | 67,727 | 12.8 | (10,613 | ) | (15.7 | ) | |||||||||||||||||||
|
Available-for-Sale
Financial Assets - Current
|
0 | 0 | 0.0 | 470 | 0.1 | (470 | ) | (100.0 | ) | |||||||||||||||||||
|
Notes &
Accounts Receivables
|
1,868 | 59,688 | 10.8 | 24,122 | 4.6 | 35,566 | 147.4 | |||||||||||||||||||||
|
Other Current
Financial Assets
|
65 | 2,087 | 0.4 | 1,603 | 0.3 | 485 | 30.2 | |||||||||||||||||||||
|
Inventories
|
935 | 29,874 | 5.4 | 19,456 | 3.7 | 10,417 | 53.5 | |||||||||||||||||||||
|
Other Current
Assets
|
204 | 6,527 | 1.2 | 10,511 | 2.0 | (3,984 | ) | (37.9 | ) | |||||||||||||||||||
|
Total Current
Assets
|
4,860 | 155,291 | 28.2 | 123,890 | 23.4 | 31,401 | 25.3 | |||||||||||||||||||||
|
Long-term
Investments
|
1,660 | 53,043 | 9.6 | 40,775 | 7.7 | 12,267 | 30.1 | |||||||||||||||||||||
|
Fixed
Assets
|
20,589 | 657,816 | 119.4 | 609,094 | 114.9 | 48,722 | 8.0 | |||||||||||||||||||||
|
Less:
Accumulated Depreciation
|
(10,551 | ) | (337,112 | ) | (61.2 | ) | (264,888 | ) | (50.0 | ) | (72,224 | ) | 27.3 | |||||||||||||||
|
Net Fixed
Assets
|
10,038 | 320,704 | 58.2 | 344,206 | 64.9 | (23,502 | ) | (6.8 | ) | |||||||||||||||||||
|
Other
Assets
|
680 | 21,716 | 3.9 | 21,230 | 4.0 | 485 | 2.3 | |||||||||||||||||||||
|
Total
Assets
|
17,238 | 550,753 | 100.0 | 530,102 | 100.0 | 20,652 | 3.9 | |||||||||||||||||||||
|
LIABILITIES
|
||||||||||||||||||||||||||||
|
Short-term
Borrowing
|
0 | 0 | 0.0 | 3,700 | 0.7 | (3,700 | ) | (100.0 | ) | |||||||||||||||||||
|
Accounts
Payable
|
2,926 | 93,480 | 17.0 | 59,588 | 11.2 | 33,892 | 56.9 | |||||||||||||||||||||
|
Current
Installments of Long-term Borrowings
|
1,238 | 39,548 | 7.2 | 39,248 | 7.4 | 300 | 0.8 | |||||||||||||||||||||
|
Current
Financial Liabilities
|
26 | 830 | 0.2 | 24 | 0.0 | 806 | 3349.3 | |||||||||||||||||||||
|
Accrued
Expense & Other Current Liabilities
|
764 | 24,398 | 4.4 | 18,684 | 3.5 | 5,714 | 30.6 | |||||||||||||||||||||
|
Machinery and
Equipment Payable
|
575 | 18,361 | 3.3 | 19,572 | 3.7 | (1,211 | ) | (6.2 | ) | |||||||||||||||||||
|
Total Current
Liabilities
|
5,528 | 176,618 | 32.1 | 140,815 | 26.6 | 35,802 | 25.4 | |||||||||||||||||||||
|
Long-term
Borrowings
|
3,194 | 102,043 | 18.5 | 80,705 | 15.2 | 21,337 | 26.4 | |||||||||||||||||||||
|
Bonds
Payable
|
297 | 9,500 | 1.7 | 17,691 | 3.3 | (8,191 | ) | (46.3 | ) | |||||||||||||||||||
|
Non Current
Financial Liabilities
|
16 | 504 | 0.1 | 829 | 0.2 | (325 | ) | (39.2 | ) | |||||||||||||||||||
|
Other
Long-term Liabilities
|
0 | 2 | 0.0 | 2 | 0.0 | (0 | ) | (17.2 | ) | |||||||||||||||||||
|
Total
Long-term Liabilities
|
3,507 | 112,049 | 20.3 | 99,228 | 18.7 | 12,821 | 12.9 | |||||||||||||||||||||
|
Total
Liabilities
|
9,035 | 288,666 | 52.4 | 240,043 | 45.3 | 48,623 | 20.3 | |||||||||||||||||||||
|
SHAREHOLDERS'
EQUITY
|
||||||||||||||||||||||||||||
|
Common
Stock
|
2,763 | 88,270 | 16.0 | 85,057 | 16.0 | 3,213 | 3.8 | |||||||||||||||||||||
|
Capital
Surplus
|
3,599 | 114,972 | 20.9 | 113,651 | 21.4 | 1,321 | 1.2 | |||||||||||||||||||||
|
Retained
Earnings
|
1,755 | 56,069 | 10.2 | 89,992 | 17.0 | (33,923 | ) | (37.7 | ) | |||||||||||||||||||
|
Cumulative
Translation Adjustments
|
53 | 1,686 | 0.3 | 2,331 | 0.4 | (645 | ) | (27.7 | ) | |||||||||||||||||||
|
Unrealized
Gain(Loss) on Financial Products
|
34 | 1,090 | 0.2 | (932 | ) | (0.2 | ) | 2,022 |
－
|
|||||||||||||||||||
|
Net loss not
recognized as pension cost
|
0 | 0 | 0.0 | (40 | ) | 0.0 | 40 | (100.0 | ) | |||||||||||||||||||
|
Total
Shareholders' Equity
|
8,203 | 262,087 | 47.6 | 290,059 | 54.7 | (27,972 | ) | (9.6 | ) | |||||||||||||||||||
|
Total
Liabilities & Shareholders' Equity
|
17,238 | 550,753 | 100.0 | 530,102 | 100.0 | 20,652 | 3.9 | |||||||||||||||||||||
Note:
(1) Unaudited, prepared by AUO based on ROC GAAP
(2)
Amounts in New Taiwan dollars were translated into US dollars at the exchange
rate of NTD 31.95 per USD as of December 31, 2009
|
AU
OPTRONICS CORP. UNCONSOLIDATED
INCOME STATEMENT |
||||||||||||||||||||||||||||||||||||||||
|
Year
over Year Comparison
|
Sequential
Comparison
|
|||||||||||||||||||||||||||||||||||||||
|
4Q
2009
|
%
of
|
4Q
2008
|
YoY
|
4Q
2009
|
%
of
|
3Q
2009
|
QoQ
|
|||||||||||||||||||||||||||||||||
|
USD
|
NTD
|
Sales
|
NTD
|
Chg
%
|
USD
|
NTD
|
Sales
|
NTD
|
Chg
%
|
|||||||||||||||||||||||||||||||
|
Net
Sales
|
3,445 | 110,064 | 100.0 | 59,518 | 84.9 | 3,445 | 110,064 | 100.0 | 108,200 | 1.7 | ||||||||||||||||||||||||||||||
|
Cost of Goods
Sold
|
3,222 | 102,928 | 93.5 | 81,733 | 25.9 | 3,222 | 102,928 | 93.5 | 97,674 | 5.4 | ||||||||||||||||||||||||||||||
|
Gross Profit
(Loss)
|
223 | 7,136 | 6.5 | (22,215 | ) |
－
|
223 | 7,136 | 6.5 | 10,526 | (32.2 | ) | ||||||||||||||||||||||||||||
|
Operating
Expenses
|
||||||||||||||||||||||||||||||||||||||||
|
SG&A
|
116 | 3,699 | 3.4 | 1,708 | 116.5 | 116 | 3,699 | 3.4 | 2,737 | 35.1 | ||||||||||||||||||||||||||||||
|
R&D
|
51 | 1,641 | 1.5 | 775 | 111.7 | 51 | 1,641 | 1.5 | 1,623 | 1.1 | ||||||||||||||||||||||||||||||
| 167 | 5,340 | 4.9 | 2,484 | 115.0 | 167 | 5,340 | 4.9 | 4,360 | 22.5 | |||||||||||||||||||||||||||||||
|
Operating
Income (Loss)
|
56 | 1,796 | 1.6 | (24,699 | ) |
－
|
56 | 1,796 | 1.6 | 6,165 | (70.9 | ) | ||||||||||||||||||||||||||||
|
Net
Non-Operating Income (Expenses)
|
(318 | ) | (10,147 | ) | (9.2 | ) | (2,864 | ) | 254.3 | (318 | ) | (10,147 | ) | (9.2 | ) | 821 |
－
|
|||||||||||||||||||||||
|
Income (Loss)
before Income Tax
|
(261 | ) | (8,352 | ) | (7.6 | ) | (27,563 | ) | (69.7 | ) | (261 | ) | (8,352 | ) | (7.6 | ) | 6,986 |
－
|
||||||||||||||||||||||
|
Income Tax
Benefit
|
45 | 1,426 | 1.3 | 998 | 42.9 | 45 | 1,426 | 1.3 | 312 | 356.5 | ||||||||||||||||||||||||||||||
|
Net
Income (Loss)
|
(217 | ) | (6,926 | ) | (6.3 | ) | (26,565 | ) | (73.9 | ) | (217 | ) | (6,926 | ) | (6.3 | ) | 7,299 |
－
|
||||||||||||||||||||||
|
Basic
Earnings Per Share
|
(0.02 | ) | (0.78 | ) | (3.03 | ) | (0.02 | ) | (0.78 | ) | 0.84 | |||||||||||||||||||||||||||||
|
Basic Earnings Per
ADR(3)
|
(0.25 | ) | (7.85 | ) | (30.33 | ) | (0.25 | ) | (7.85 | ) | 8.38 | |||||||||||||||||||||||||||||
|
Weighted-Average
Shares Outstanding ('M)
|
8,797 | 8,760 | 8,797 | 8,787 | ||||||||||||||||||||||||||||||||||||
| Note: |
(1)
|
Unaudited,
prepared by AUO based on ROC GAAP
|
|
(2)
|
Amounts
in New Taiwan dollars were translated into US dollars at the exchange rate
of NTD 31.95 per USD as of December 31,
2009
|
|
(3)
|
1
ADR equals 10 common shares
|
|
AU
OPTRONICS CORP.
UNCONSOLIDATED
STATEMENT OF CASH FLOW
For
the Period Ended December 31, 2009 and 2008
(Expressed
in Millions of New Taiwan Dollars (NTD) and US Dollars
(USD))
|
||||||||||||
|
2009
|
2008
|
|||||||||||
|
Cash
Flow from Operating Activities:
|
USD
|
NTD
|
NTD
|
|||||||||
|
Net
Income(Loss)
|
(838 | ) | (26,769 | ) | 21,267 | |||||||
|
Depreciation
& Amortization
|
2,430 | 77,643 | 71,421 | |||||||||
|
Investment
Gain under Equity Method
|
(108 | ) | (3,440 | ) | (1,660 | ) | ||||||
|
Changes in
Working Capital
|
(53 | ) | (1,705 | ) | 26,138 | |||||||
|
Changes in
Others
|
(44 | ) | (1,405 | ) | 4,366 | |||||||
|
Net Cash
Provided by Operating Activities
|
1,387 | 44,323 | 121,532 | |||||||||
|
Cash
Flow from Investing Activities:
|
||||||||||||
|
Acquisition
of Property, Plant and Equipment
|
(1,622 | ) | (51,814 | ) | (86,251 | ) | ||||||
|
Proceeds from
Disposal of Property, Plant and Equipment
|
7 | 224 | 473 | |||||||||
|
Increase in
Long-term Investments
|
(353 | ) | (11,280 | ) | (8,489 | ) | ||||||
|
Proceeds from
Disposal of Long-term Investments and AFS Investments
|
59 | 1,891 | 299 | |||||||||
|
Decrease(Increase)
in Restricted Cash in Banks
|
(3 | ) | (104 | ) | 9 | |||||||
|
Increase in
Deferred Assets and Intangible Assets
|
(28 | ) | (886 | ) | (1,405 | ) | ||||||
|
Decrease(Increase)
in Other Assets
|
3 | 93 | (89 | ) | ||||||||
|
Net Cash Used
in Investing Activities
|
(1,937 | ) | (61,876 | ) | (95,454 | ) | ||||||
|
Cash
Flow from Financing Activities:
|
||||||||||||
|
Increase(Decrease)
in Short-term Borrowings
|
(116 | ) | (3,700 | ) | 3,700 | |||||||
|
Decrease in
Guarantee Deposits
|
(0 | ) | (0 | ) | (3 | ) | ||||||
|
Increase(Decrease)
in Long-term Borrowings and Bonds Payable
|
423 | 13,514 | (20,999 | ) | ||||||||
|
Directors'
Remuneration and Employees' Compensation
|
0 | 0 | (1,763 | ) | ||||||||
|
Cash
Dividends
|
(80 | ) | (2,552 | ) | (19,671 | ) | ||||||
|
Employee
Stock Options Exercised
|
0 | 0 | 27 | |||||||||
|
Net Cash
Provided(Used) by Financing Activities
|
227 | 7,262 | (38,710 | ) | ||||||||
|
Effect
of Exchange Rate Changes on Cash
|
(10 | ) | (322 | ) | (173 | ) | ||||||
|
Net
Decrease in Cash and Cash Equivalents
|
(332 | ) | (10,613 | ) | (12,805 | ) | ||||||
|
Cash
and Cash Equivalents at Beginning of Period
|
2,120 | 67,727 | 80,532 | |||||||||
|
Cash
and Cash Equivalents at End of Period
|
1,788 | 57,114 | 67,727 | |||||||||
Note:
(1) Unaudited, prepared by AUO based on ROC GAAP
(2)
Amounts in New Taiwan dollars were translated into US dollars at the exchange
rate of NTD 31.95 per USD as of December 31, 2009