| 22. | Long-term bank loans |
| Type of loans |
Period and payment term |
December 31, 2016 |
December 31, 2017 |
December 31, 2017 |
||||||||||
| NT$000 | NT$000 | US$000 | ||||||||||||
|
Syndicated bank loan |
Borrowing period is from June 30, 2016 to June 30, 2021; interest is repayable monthly; principal is repayable semi-annually from December 30, 2017. | 10,800,000 | 9,675,301 | 326,427 | ||||||||||
|
Less: Fee on syndicated bank loan |
(49,995 | ) | (33,280 | ) | (1,122 | ) | ||||||||
|
Less: Current portion (fee included) |
(1,062,285 | ) | (2,143,168 | ) | (72,307 | ) | ||||||||
|
|
|
|
|
|
|
|||||||||
| 9,687,720 | 7,498,853 | 252,998 | ||||||||||||
|
|
|
|
|
|
|
|||||||||
|
Interest rate range |
1.7895 | % | 1.7895 | % | 1.7895 | % | ||||||||
|
|
|
|
|
|
|
|||||||||
|
Unused credit lines of long-term bank loans NT$000 |
2,400,000 | 2,400,000 | ||||||||||||
|
|
|
|
|
|||||||||||
On May 16, 2016, the Company entered into a syndicated loan with ten banks in Taiwan, including Land Bank of Taiwan, in the amount of NT$13.2 billion with a term of five years. Funding from this syndicated loan was used to repay the prior syndicated loan in 2014 and broaden the Company’s working capital. Pursuant to the syndicated loan agreement, the Group is required to maintain certain financial ratios including current ratio, interest protection multiples and debt to equity ratio during the loan periods.
As of December 31, 2016 and 2017, the Group was in compliance with the financial ratio requirements.
The Group’s bank loans are mortgaged by certain land, buildings and equipment as collateral (Note 32).
Details of the repayment schedule in respect of the bank loans are as follows:
| December 31, 2016 |
December 31, 2017 |
December 31, 2017 |
||||||||||
| NT$000 | NT$000 | US$000 | ||||||||||
|
Less than 1 year |
1,062,285 | 2,143,168 | 72,307 | |||||||||
|
2 to 5 years |
9,687,720 | 7,498,853 | 252,998 | |||||||||
|
|
|
|
|
|
|
|||||||
| 10,750,005 | 9,642,021 | 325,305 | ||||||||||