| 18. | Non-current assets held for sale and discontinued operations |
| a) | The assets and liabilities related to ChipMOS Shanghai have been classified as non-current assets held for sale and liabilities directly related to non-current assets held for sale and presented as discontinued operations for meeting the definition of discontinued operations following the resolution of the Company’s Board of Directors on November 30, 2016 to sell 54.98% of ChipMOS Shanghai’s equity interest. The transaction was completed in March 2017, and subsequently, due to the loss of control but retention of significant influence, ChipMOS Shanghai was excluded from the consolidated financial statements and recorded as “Investments in associates”. Please refer to Note 13 for more details. |
In March 2017, the Company received NT$2,230,544 thousand (US$75,255 thousand) in cash and recognized total gain on disposal of discontinued operations amounted to NT$1,843,234 thousand (US$62,187 thousand). Based on the fair value received and the book value of its investment, gain on disposal of 54.98% equity interest is equal to NT$999,630 thousand (US$33,726 thousand) and gain on fair value remeasurement of 45.02% retained investment is equal to NT$843,604 thousand (US$28,461 thousand).
| b) | The cash flow information of the discontinued operations is as follows: |
| 2015 | 2016 | 2017 | 2017 | |||||||||||||
| NT$000 | NT$000 | NT$000 | US$000 | |||||||||||||
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Net cash generated from (used in) operating activities |
1,072,628 | (1,109,029 | ) | (109,079 | ) | (3,680 | ) | |||||||||
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Net cash used in investing activities |
(205,292 | ) | (1,331,564 | ) | (272,925 | ) | (9,208 | ) | ||||||||
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Net cash generated from (used in) financing activities |
(91,234 | ) | 1,463,664 | 461,312 | 15,564 | |||||||||||
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Effect of foreign exchange rate changes |
(18,636 | ) | (61,336 | ) | (19,874 | ) | (671 | ) | ||||||||
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Net increase (decrease) in cash and cash equivalents |
757,466 | (1,038,265 | ) | 59,434 | 2,005 | |||||||||||
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| c) | Assets of disposal group classified as non-current assets held for sale: |
| December 31, | ||||
| 2016 | ||||
| NT$000 | ||||
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Cash and cash equivalents |
389,897 | |||
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Accounts receivable |
230,523 | |||
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Other receivables |
202,909 | |||
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Inventories |
136,842 | |||
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Prepayments |
15,943 | |||
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Other current financial assets |
1,193 | |||
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Property, plant and equipment, net |
2,033,968 | |||
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Refundable deposits |
113 | |||
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Prepaid rent – non-current portion |
82,291 | |||
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Other non-current assets |
11,392 | |||
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| 3,105,071 | ||||
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| d) | Liabilities of disposal group classified as liabilities directly related to non-current assets held for sale : |
| December 31, | ||||
| 2016 | ||||
| NT$000 | ||||
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Accounts payable |
98,973 | |||
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Other payables |
177,178 | |||
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Receipts in advance |
6,687 | |||
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Bank loans – current portion |
7,614 | |||
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Lease payable – current |
27,702 | |||
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Other current liabilities |
34,276 | |||
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Bank loans – non-current |
106,461 | |||
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Lease payable – non-current |
27,702 | |||
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Long-term deferred revenue |
100,395 | |||
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Guarantee deposits |
651 | |||
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| 587,639 | ||||
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| e) | Equity of disposal group classified as amounts recognized in other comprehensive income and accumulated in equity relating to non-current assets held for sale : |
| December 31, | ||||
| 2016 | ||||
| NT$000 | ||||
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Foreign currency translation reserve |
287,645 | |||
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| f) | Cumulative income or expense recognized in other comprehensive income relating to disposal group classified as held for sale: |
| 2015 | 2016 | 2017 | 2017 | |||||||||||||
| NT$000 | NT$000 | NT$000 | US$000 | |||||||||||||
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Exchange differences on translation of foreign operations |
(27,893 | ) | (195,972 | ) | (287,645 | ) | (9,705 | ) | ||||||||
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| g) | The results of discontinued operations are as follows: |
| 2015 | 2016 | 2017 | 2017 | |||||||||||||
| NT$000 | NT$000 | NT$000 | US$000 | |||||||||||||
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Revenue |
1,032,302 | 1,005,166 | 227,095 | 7,662 | ||||||||||||
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Cost of revenue |
(1,050,075 | ) | (986,004 | ) | (195,078 | ) | (6,582 | ) | ||||||||
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Operating expenses |
(51,910 | ) | (179,178 | ) | (58,840 | ) | (1,985 | ) | ||||||||
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Other operating income (expenses), net |
8,469 | 13,753 | 1,429 | 48 | ||||||||||||
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Non-operating income (expenses), net |
26,981 | 24,158 | (2,887 | ) | (97 | ) | ||||||||||
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Loss from discontinued operations before income tax |
(34,233 | ) | (122,105 | ) | (28,281 | ) | (954 | ) | ||||||||
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Income tax expense |
— | — | — | — | ||||||||||||
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Loss from discontinued operations after income tax |
(34,233 | ) | (122,105 | ) | (28,281 | ) | (954 | ) | ||||||||
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Gain on disposal of discontinued operations |
— | — | 1,843,234 | 62,187 | ||||||||||||
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Profit (loss) from discontinued operations |
(34,233 | ) | (122,105 | ) | 1,814,953 | 61,233 | ||||||||||
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Discontinued operations’ revenue is mainly from the segments of testing and assembly.