DELTA - Annual Report 2014 | FinancialReports.eu

Ticker: 2308

DELTA ELECTRONICS, INC. 2014 ANNUAL REPORT

==> picture [148 x 206] intentionally omitted <==

01 A Letter to Our Shareholders
05 Corporate Governance
06 Consolidated Financial Highlights
07 Financial Report
10 Balance Sheets
12 Statements of Income
14 Statements of Changes in Stockholders Equity
16 Statements of Cash Flows
18 Notes to Financial Statements

A Letter to Our Shareholders

==> picture [245 x 152] intentionally omitted <==

Yancey Hai, Chairman

Dear Shareholders:

Thanks to the hardwork of our colleagues, Delta has performed well, growing in both revenues and profits this past year. Delta reported consolidated revenues of NT$190.6 billion in the year 2014, an 8% growth compared to the year before. Gross profits amount to NT$51.5 billion, with a profit margin of 27%, a 14% increase compared to the year before. Net operating profits amount to NT$22.8 billion, accounting for 12% of the revenues, growing 17% compared to the year before. And net income after tax amount to NT$20.7 billion, a net profit margin of 10.9%, growing 16% compared to the year before. Delta's EPS (earnings per share) for the year 2014 reached a new record of NT$8.49 with a ROE (return on equity) of 21.1%, which has also grown steadily compared to 2013. Delta's market capitalization has surpassed NT$450 billion, with over 70% of shares being held by foreign institutional investors, implying that Delta's management philosophy and operating performance is well acknowledged by the market. The following summarizes the business results and future prospects of Delta's three major business categories:

Power Electronics

Power Electronics has served as the cornerstone on which Delta has built its technology and operation upon. It has been a long term major contributor to Delta's revenues and profits. Delta continues to be a dominant player in the world's power supply and brushless DC fan market. We desire not only to continue extending our lead in IT, automotive and consumer electronic fields, but also to apply our technologies in new fields such as cloud computing, medical care, electric vehicles, LED lighting, and smart homes. This stance has been widely acknowledged by our customers. By extending our technologies' applications, increasing energy conversion efficiency, and integrating energy recycling into low power consumption ultra slim products, Delta can create exceptional value for ODM customers and also cooperate with them to pioneer new global markets. We believe that the prevalence of cloud computing and "Internet

of things" can bring about countless opportunities. Riding on the growing trend of stringent environmental restrictions, Delta's Power Electronics business group will continue to grow and contribute significantly to our revenues and profits.

Energy Management

Energy Management has been Delta's duty through which we strive to fulfill our mission, as it is at the forefront of Delta's brand philosophy “Smarter, Greener, Together.". It is the very reason why Delta has invested so much into developing key products, systems and solutions for energy management, industrial automation, power systems, and power quality management in the recent years.

Delta has invested in industrial automation for over 20 years, developing innovative products such as the SCARA industrial robot, machine vision systems, CNC controllers, energy efficient industrial automation solutions and other smart solutions. Through constant feedback from the market, we can optimize these products and allow our customers to increase their production lines’ efficiency and quality. Delta's nomination in the ROBO-STOX is testament to Delta's development in the industrial automation market through the buildup and integration of professionals in respective fields, an exceptional customer support team, regional sales platform and advanced technology. This achievement has been well acknowledged and recognized. Delta's telecom power sales have continued to grow in scale with the development of the global communications infrastructure. With the successful M&A of Eltek ASA by our European subsidiary, we have moved one step closer to becoming the leader in global telecom power. We custom design data centers and UPS for key infrastructural organizations such as government, transportation, telecom, semiconductor and financial groups, to not only ensure seamless operation of key services required by customers, but also provide savings in energy and operations cost. We have achieved important breakthroughs in various areas such as electric vehicles, renewable energy, and energy storage and management. With these technologies, Delta has built power plants in Japan and also smart charging systems with built-in communications capabilities that can flexibly arrange charging conditions according to information provided by the power grid in the U.S. These management systems can support power companies to lower the investment that they need to expand the general power infrastructure, and allow electric vehicles to use off-peak power to charge and thereby lower their charging cost. With the increasing demand for smart energy management and flexible automated production, we believe that Energy Management will be the primary driving force for Delta to continue to grow.

Smart Green Life

Networking and display solutions are Delta’s representatives in the Smart Green Life category. Delta Networks is Delta Electronics’ answer to network communication. Not only does it provide services for various enterprise customers, it is also Delta's internal networking specialist. Delta Networks has performed exceptionally well, developing systems and solutions for all other business groups within the corporation. Delta's display business seeks to maintain our leading position in high-end projection sector. It has provided a brand new solution for remote monitoring. By integrating the most advanced network control system with a completely embedded display wall controller, it is the first custom-designed multi-panel video wall display controlling system that integrates both image and sound in command and control centers. Boasting the most advanced DSP (Digital signal processing) technology to support over 10,000 signal sources and display units simultaneously, the system enhances image processing capability and allows for real-time previews with synchronized playback features, fulfilling all needs to remote monitoring and management. Delta's display business unit’s strategy to move from single display monitors to image systems and integrated remote monitoring systems has proven successful, with satisfied customers applying it to power grid, transportation networks, communications networks, social security, and smart buildings. Having invested steadfastly into Smart Green Life for a prolonged period and riding on the growing use of internet communication and various cloud applications, we believe that the Smart Green Life business will continue to support the growth of Delta.

With a strong ODM foundation and gradual transition to provide integrated systematic solutions, we have successfully completed nearly 200 solution projects across the globe. We strive hard to make the best of all opportunities and work towards the company's mission of "providing innovative, clean, and energy-efficient solutions for a better tomorrow" to bring about positive effects. To successfully develop a solutions-oriented business model, Delta requires the professional knowledge to evaluate a customer's issue, and provides suitable integrated products and technology. To do this, the horizontal integration and cooperation between different business groups and related technologies is critical to success. In response to the constantly evolving industry, products and technology, Delta not only strives to develop new industries and technologies, enhances the organization capability from within, but also seeks other methods such as M&A and alliances with other corporations to fulfill customers’ demands promptly. Some examples include the previously mentioned merger with the Norwegian power supply company, and the cooperation between Delta and Mitsubishi Heavy Industries to enter the area of battery energy storage. Through both internal development and external opportunities, we believe that Delta can effectively increase the efficiency in systematic services and provide customer solutions in Taiwan and the rest of the world.

Last year, Delta was listed amongst the top 20 international brands in Taiwan for the fourth time, making us the only industrial brand in the domestic electronics industry to be accredited with such an honor for four consecutive years. Not only have we moved up four ranks, but upon evaluation, Delta's brand value has increased 24% to reach USD$ 170 million, demonstrating our outstanding brand management performance. Delta has also been commended by many of our long term customers such as SONY, Panasonic, Celestica, and Lenovo. Our efforts in improving the enterprise's social responsibility, corporate governance, and investor services have also been widely acknowledged by the general public. Last year, Delta was ranked first place by CommonWealth magazine as Taiwan's Most Admired Company in the electronics industry sector for thirteen consecutive years. We also received the top award honor of “Excellence in Corporate Social Responsibility” in the large corporation category for the eighth consecutive year. Delta was accredited top rank in Global View magazine's 10th Annual Corporate Social Responsibility (CSR) reward for both "Overall Performance" and "Sustainable Operations". Since the award's inception in 2005, Delta has been awarded top rank for 9 times, the highest in Taiwan. Delta was also selected by Dow Jones Sustainability Indices (DJSI) World Index for four years in a row and the second consecutive year for the DJSI-Emerging Markets Index published in 2013. Last year, Delta participated in the Carbon Disclosure Project (CDP) and surpassed nearly 2000 listed company around the globe. Not only did Delta receive the highest appraisal, it was also the only company from the Greater China region to be selected as part of the Climate Performance Leadership Index (CPLI). In terms of corporate management, Delta has received the highest ranking of A++ for information disclosure. These all demonstrate the recognition of the general public towards Delta's efforts.

Our stable and superb performance is the result of the unwavering efforts from our colleagues to which we express our immense gratitude. We are also deeply grateful for the support of our customers, suppliers, shareholders and the public towards Delta. We will strive to continue towards our strategic goal, to deliver the Delta philosophy, to fulfill our corporate society responsibility, and to improve our operation efficiency and profitability. We will demonstrate the strength of Delta, earn global respect and make our colleagues proud of being a Delta family member.

Yancey Hai, Chairman

==> picture [168 x 59] intentionally omitted <==

Corporate Governance

Delta believes that high quality corporate governance is the best way to ensure that the company always delivers excellent performance and provides an optimum balance for all stakeholders' interests. Corporate governance is therefore our top priority.

At Delta, the board currently consists of thirteen directors, including three independent directors. The role of CEO and chairman has been split since 2004. To enhance the board's responsibility and trust, it convenes at least once quarterly to review the company's performance and discuss important strategic issues. In 2014, the board convened on eight occasions. The overall attendance rate was 90.5%.

Key resolutions passed by the board are published in a timely manner on the Market Observation Post System of the Taiwan Stock Exchange and in the corporate governance section of the Delta website. Other relevant documents are also provided online for reference.

The board has organized a Compensation Committee consisting of three independent directors, to evaluate the performance-linked compensation of the company’s directors and executive officers. An Audit Committee is responsible for reviewing the financial reports, performance of accountants, implementation of internal control systems, compliance with regulations and risk management. The committee is also composed of three independent directors. Apart from the board meetings and committee meetings, all of the directors also take part in Delta’s internal strategy meetings to ensure they are familiar with the company's current activities and can provide appropriate advice when necessary.

We do not participate in high-risk or highly leveraged investments. Through our auditing, finance, legal and intellectual property departments, and others, we are able to assess and manage risks associated with all operations to maintain company sustainability.

Delta’s efforts in corporate governance continued to win outside recognition in 2014. Since 2011, Delta has been selected as a member of the prestigious Dow Jones Sustainability™ World Index (DJSI World) for 4 consecutive years. In 2014 it was also included in the DJSI Emerging Markets Index and ranked first in five criteria among DJSI’s World-leading Electronic Equipment, Instrument and Component Companies segment. We received an A++ Information Disclosure and Transparency Ranking for three consecutive years from the Securities and Futures Institute in Taiwan.

Consolidated Financial Highlights

(in NT$ million, except otherwise indicated)

==> picture [345 x 169] intentionally omitted <==

----- Start of picture text -----

2014 2013
Sales 190,635 177,053
Gross profit 51,495 45,020
Gross margin 27.0% 25.4%
Operating profit 22,817 19,508
Operating Margin 12.0% 11.0%
Net Income After Tax 20,699 17,776
Net Margin 10.9% 10.0%
EPS (NT$) 8.49 7.32
Total Assets 220,452 197,329
Total Shareholders' Equity 102,885 93,648
ROE (%) 21.06% 20.20%
----- End of picture text -----

==> picture [247 x 251] intentionally omitted <==

----- Start of picture text -----

Revenues
NT$ million
200,000
190,635
190,000
180,000 171,302 162,474 171,760 177,053
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
2010 2011 2012 2013 2014
----- End of picture text -----

==> picture [214 x 193] intentionally omitted <==

----- Start of picture text -----

Return on Stockholders' Equity
33.0%
28.0%
23.0% 22.7% 21.06%
20.2%
18.4%
18.0%
14.3%
13.0%
8.0%
3.0%
0%
2010 2011 2012 2013 2014
----- End of picture text -----

*2010~2011 financials are based on Taiwan GAAP ； 2012~2014 financials are based on IFRS.

==> picture [247 x 251] intentionally omitted <==

----- Start of picture text -----

Net Profits
NT$ million
20,699
200,000
190,000
180,000 17,776
15,754
160,000 14,783
140,000
120,000 10,991
100,000
80,000
60,000
40,000
20,000
2010 2011 2012 2013 2014
----- End of picture text -----

==> picture [247 x 225] intentionally omitted <==

----- Start of picture text -----

Earnings Per Share NT$
10.00
9.00 8.49
8.00 7.32
6.69
7.00
6.13
6.00
5.00 4.58
4.00
3.00
2.00
1.00
0.00
2010 2011 2012 2013 2014
----- End of picture text -----

Financial Report

DELTA ELECTRONICS, INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS AND

REPORT OF INDEPENDENT ACCOUNTANTS DECEMBER 31, 2014 AND 2013

For the convenience of readers and for information purpose only, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. In the event of any discrepancy between the English version and the original Chinese version or any differences in the interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail.

REPORT OF INDEPENDENT ACCOUNTANTS TRANSLATED FROM CHINESE

PWCR14000323

To Delta Electronics, Inc.

We have audited the accompanying consolidated balance sheets of Delta Electronics, Inc. and subsidiaries as of December 31, 2014 and 2013, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We did not audit the financial statements of certain investments accounted for under equity method, which statements reflect total assets (including investments accounted for under equity method) of $6,519,788 thousand and $6,051,355 thousand, constituting 2.96% and 3.07% of the consolidated total assets as of December 31, 2014 and 2013, respectively, and total comprehensive income (including share of profit of associates and joint ventures accounted for under equity method and share of other comprehensive income of associates and joint ventures accounted for under equity method) of $1,101,031 thousand and $993,227 thousand, constituting 4.44% and 3.99% of the consolidated total comprehensive income for the years then ended, respectively. Those financial statements and the information disclosed in Note 13 were audited by other independent accountants whose reports thereon have been furnished to us, and our opinion expressed herein is based solely on the audit reports of the other independent accountants.

We conducted our audits in accordance with the “Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants” and generally accepted auditing standards in the Republic of China. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits and the reports of the other independent accountants provide a reasonable basis for our opinion.

In our opinion, based on our audits and the reports of other independent accountants, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Delta Electronics, Inc. and subsidiaries as of December 31, 2014 and 2013, and their financial performance and cash flows for the years then ended, in conformity with the “Rules Governing the Preparation of Financial Statements by Securities Issuers” and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations as endorsed by the Financial Supervisory Commission (FSC).

We have also audited the parent company only financial statements of Delta Electronics, Inc. as of and for the years ended December 31, 2014 and 2013, on which we have expressed a modified unqualified opinion on such financial statements.

The consolidated financial statements of Delta Electronics, Inc. and subsidiaries as of and for the year ended December 31, 2014 expressed in US dollars are presented solely for the convenience of the reader and were translated from the financial statements expressed in New Taiwan dollars using the exchange rate of $31.65 to US$1.00 at December 31, 2014. This basis of translation is not in accordance with International Financial Reporting Standards, International Accounting Standards, and relevant interpretations and interpretative bulletins that are ratified by the FSC.

PricewaterhouseCoopers, Taiwan

March 10, 2015

The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and report of independent accountants are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.

As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2014 AND 2013

(Expressed in thousands of dollars)

Assets Current assets Cash and cash equivalents Financial assets at fair value through profit or loss - current Available-for-sale financial assets - current Derivative financial assets for hedging - current Notes receivable, net Accounts receivable, net Accounts receivable - related parties Other receivables Other receivables - related parties Current income tax assets Inventories Prepayments Other current assets Total current assets Non-current assets Financial assets at fair value through profit or loss - non-current Available-for-sale financial assets - non-current Financial assets carried at cost - non-current Investments accounted for under equity method Property, plant and equipment Investment property, net Intangible assets Deferred income tax assets Other non-current assets Total non-current assets Total assets	Notes 6(1) 6(2) 6(3) 6(5) 6(6) 7 7 6(30) 6(7) 8 6(2) 6(3) 6(4) 6(8) 6(9) 6(10) 6(11) 6(30) 6(13)	US Dollars December 31, 2014 $ 2,321,005 1,252 21,748 - 62,275 1,357,226 39,814 14,704 1,375 12,664 681,579 147,835 9,366 4,670,843 3,663 220,130 23,658 224,339 1,163,184 70,264 369,858 135,358 84,025 2,294,479 $ 6,965,322	New Taiwan Dollars	New Taiwan Dollars
			December 31, 2014 $ 73,459,818 39,626 688,324 - 1,971,006 42,956,211 1,260,102 465,368 43,507 400,804 21,571,975 4,678,972 296,443 147,832,156 115,924 6,967,099 748,761 7,100,336 36,814,759 2,223,848 11,706,015 4,284,096 2,659,428 72,620,266 $ 220,452,422	December 31, 2013
				$ 59,023,870 82,749 686,511 13,340 1,535,567 41,121,837 1,083,328 407,045 157,570 5,957 18,041,829 4,183,426 160,072
				126,503,101
				109,810 7,677,790 400,605 6,696,275 37,194,762 1,960,453 10,857,876 3,288,189 2,639,953
				70,825,713
				$ 197,328,814

(Continued)

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (CONTINUED)

DECEMBER 31, 2014 AND 2013

(Expressed in thousands of dollars)

Liabilities and Equity Current liabilities Short-term borrowings Financial liabilities at fair value through profit or loss - current Derivative financial liabilities for hedging - current Notes payable Accounts payable Accounts payable - related parties Other payables Current income tax liabilities Other current liabilities Total current liabilities Non-current liabilities Long-term borrowings Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total Liabilities Equity Share capital Share capital - common stock Capital surplus Capital surplus Retained earnings Legal reserve Special reserve Unappropriated retained earnings Other equity interest Other equity interest Equity attributable to owners of the parent Non-controlling interest Total equity Significant contingent liabilities and unrecorded contract commitments Significant subsequent events Total liabilities and equity	Notes 6(14) 6(15) 6(5) 7 6(30) 6(16) 6(16) 6(30) 6(17) 6(19) 6(20) 6(21) 6(22) 9 11	US Dollars December 31, 2014 $ 183,295 1,631 - - 1,058,584 7,735 607,310 53,665 129,625 2,041,845 836,275 310,054 123,465 1,269,794 3,311,639 770,156 815,885 491,383 16,668 1,059,805 96,811 3,250,708 402,975 3,653,683 $ 6,965,322	New Taiwan Dollars	New Taiwan Dollars
			December 31, 2014 $ 5,801,298 51,606 - - 33,504,170 244,813 19,221,347 1,698,484 4,102,644 64,624,362 26,468,103 9,813,212 3,907,668 40,188,983 104,813,345 24,375,433 25,822,764 15,552,256 527,556 33,542,818 3,064,085 102,884,912 12,754,165 115,639,077 $ 220,452,422	December 31, 2013
				$ 4,561,722 16,883 2,644 808 32,628,527 187,088 17,533,426 1,390,013 3,046,701
				59,367,812
				18,827,664 7,431,813 3,815,895
				30,075,372
				89,443,184
				24,375,433 25,790,922 13,774,636 4,074,505 25,212,328 419,768
				93,647,592 14,238,038
				107,885,630
				$ 197,328,814

The accompanying notes are an integral part of these consolidated financial statements. See report of independent accountants dated March 10, 2015.

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

(Expressed in thousands of dollars, except earnings per share data)

Items Sales revenue Operating costs Gross profit Operating expenses Selling expenses General and administrative expenses Research and development expenses Total operating expenses Operating profit Non-operating income and expenses Other income Other gains and losses Finance costs Share of profit of associates and joint ventures accounted for under equity method Total non-operating income and expenses Profit before income tax Income tax expense Profit for the year from continuing operations Profit for the year from discontinued operations Profit for the year	Notes 6(23) and 7 6(24) and 7 6(28)(29) 6(25)(32) 6(26) 6(27) 6(8) 6(30) 6(12)	US Dollars 2014 `$ 6,023,227` `( 4,396,227)` `1,627,000` `( 301,794)` `( 211,200)` `( 393,093)` `( 906,087)` `720,913` `106,762` `( 15,703)` `( 5,183)` `30,963` `116,839` `837,752` `( 132,748)` `705,004` `-` `$ 705,004`	New Taiwan Dollars 2014 2013 `$ 190,635,120` `$ 177,053,122` `( 139,140,582)` `( 132,033,192)` `51,494,538` `45,019,930` `( 9,551,788) ( 8,412,757)` `( 6,684,466) ( 5,824,674)` `( 12,441,396)` `( 11,274,117)` `( 28,677,650)` `( 25,511,548)` `22,816,888` `19,508,382` `3,379,023` `3,036,141` `( 497,007) ( 752,798)` `( 164,035) ( 175,959)` `979,988` `880,788` `3,697,969` `2,988,172` `26,514,857` `22,496,554` `( 4,201,486)` `( 3,581,786)` `22,313,371` `18,914,768` `-` `119,628` `$ 22,313,371` `$ 19,034,396`
			2014 `$ 190,635,120` `( 139,140,582)` `51,494,538` `( 9,551,788) (` `( 6,684,466) (` `( 12,441,396)` `( 28,677,650)` `22,816,888` `3,379,023` `( 497,007) (` `( 164,035) (` `979,988` `3,697,969` `26,514,857` `( 4,201,486)` `22,313,371` `-` `$ 22,313,371`

(Continued)

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED) FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

(Expressed in thousands of dollars, except earnings per share data)

Items Other comprehensive income Financial statements translation differences of foreign operations Unrealized (loss) gain on valuation of available-for-sale financial assets Cash flow hedges Share of other comprehensive (loss) income of associates and joint ventures accounted for under equity method Income tax relating to the components of other comprehensive income Other comprehensive income for the year Total comprehensive income for the year Profit attributable to: Owners of the parent Non-controlling interest Comprehensive income attributable to: Owners of the parent Non-controlling interest Basic earnings per share (in dollars) Profit from continuing operations Profit from discontinued operations Total basic earnings per share Diluted earnings per share (in dollars) Profit from continuing operations Profit from discontinued operations Total diluted earnings per share	Notes 6(30) 6(31) 6(31)	US Dollars 2014 $ 141,637 ( 46,202) ( 359) ( 242) ( 15,772) $ 79,062 $ 784,066 $ 653,994 $ 51,010 $ 737,543 $ 46,523 $ 0.27 - $ 0.27 $ 0.27 - $ 0.27	New Taiwan Dollars 2014 2013 $ 4,482,798 $ 3,524,544 ( 1,462,288) 2,594,163 ( 11,359) ( 15,109) ( 7,654) 3,453 ( 499,175) ( 258,127) $ 2,502,322 $ 5,848,924 $ 24,815,693 $ 24,883,320 $ 20,698,900 $ 17,776,202 $ 1,614,471 $ 1,258,194 $ 23,343,226 $ 23,004,286 $ 1,472,467 $ 1,879,034 $ 8.49 $ 7.10 - 0.22 $ 8.49 $ 7.32 $ 8.42 $ 7.02 - 0.22 $ 8.42 $ 7.24
			2014 $ 4,482,798 ( 1,462,288) ( 11,359) ( 7,654) ( 499,175) $ 2,502,322 $ 24,815,693 $ 20,698,900 $ 1,614,471 $ 23,343,226 $ 1,472,467 $ 8.49 - $ 8.49 $ 8.42 - $ 8.42

The accompanying notes are an integral part of these consolidated financial statements. See report of independent accountants dated March 10, 2015.

													Total equity		$ 98,327,978	1,097,730		-	-	( 12,843,202 )			47,950				( 20,794 )		( 3,607,352 )		5,848,924	19,034,396	$ 107,885,630		$ 107,885,630		-	-	( 14,137,739 )			32,255		( 73 )			( 349 )		( 2,956,340 )		2,502,322	22,313,371	$ 115,639,077
												Non-controlling	interest		$ 15,966,356	-		-	-	-			-				-		( 3,607,352 )		620,840	1,258,194	$ 14,238,038		$ 14,238,038		-	-	-			-		-			-		( 2,956,340 )		( 142,004 )	1,614,471	$ 12,754,165
													Total		$ 82,361,622	1,097,730		-	-	( 12,843,202 )			47,950				( 20,794 )		-		5,228,084	17,776,202	$ 93,647,592		$ 93,647,592		-	-	( 14,137,739 )			32,255		( 73 )			( 349 )		-		2,644,326	20,698,900	$ 102,884,912
								Equity	directly	related to	non-current	assets held	for sale		($ 26,975 )	-		-	-	-			-				( 55,138 )		-		82,113	-	$ -		$ -		-	-	-			-		-			-		-		-	-	$ -
DELTA ELECTRONICS, INC. AND SUBSIDIARIES	CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY	FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013	(Expressed in thousands of dollars)	Equity attributable to owners of the parent	Retained earnings Other equityinterest	Hedging	instrument	Financial Unrealized gain (loss)	statements gain or loss on	translation on effective	Unappropriated differences of available-for- hedge of	Special retained foreign sale financial cash flow	reserve earnings operations assets hedges		$ 2,156,092 $ 23,808,695 ($ 4,259,517 ) ($ 492,915 ) $ 26,229	- - - - -		- ( 1,610,954 ) - - -	1,918,413 ( 1,918,413 ) - - -	- ( 12,843,202 ) - - -			- - - - -				- - - - -		- - - - -		- - 2,556,027 2,597,295 ( 7,351 )	- 17,776,202 - - -	$ 4,074,505 $ 25,212,328 ($1,703,490 ) $ 2,104,380 $ 18,878		$ 4,074,505 $ 25,212,328 ($ 1,703,490 ) $ 2,104,380 $ 18,878		- ( 1,777,620 ) - - -	( 3,546,949 ) 3,546,949 - - -	- ( 14,137,739 ) - - -			- - - - -		- - - - -			- - ( 9 ) - -		- - - - -		- - 4,118,876 ( 1,462,302 ) ( 12,248 )	- 20,698,900 - - -	$ 527,556 $ 33,542,818 $ 2,415,377 $ 642,078 $ 6,630	(Continued)
													Legal reserve		$ 12,163,682	-		1,610,954	-	-			-				-		-		-	-	$ 13,774,636		$ 13,774,636		1,777,620	-	-			-		-			-		-		-	-	$ 15,552,256
													Capital surplus		$ 24,774,551	934,077		-	-	-			47,950				34,344		-		-	-	$ 25,790,922		$ 25,790,922		-	-	-			32,255		( 73 )			( 340 )		-		-	-	$ 25,822,764
												Share capital -	common stock		$ 24,211,780	163,653		-	-	-			-				-		-		-	-	$ 24,375,433		$ 24,375,433		-	-	-			-		-			-		-		-	-	$ 24,375,433
													Notes			6(18)		6(21)																			6(21)
														2013 New Taiwan Dollars	Balance at January 1, 2013	Share-based payments	Distribution of 2012 earnings	Legal reserve	Special reserve	Cash dividends	Change in equity of associates	and joint ventures accounted	for under equity method	Difference between	consideration and carrying	amount of subsidiaries	acquired or disposed	Changes in non-controlling	interests	Other comprehensive income	for the year	Profit for the year	Balance at December 31, 2013	2014 New Taiwan Dollars	Balance at January 1, 2014	Distribution of 2013 earnings	Legal reserve	Reversal of special reserve	Cash dividends	Change in equity of associates	and joint ventures accounted	for under equity method	Share of changes in equities of	subsidiaries	Proceeds from investments	accounted for under the	equity method	Changes in non-controlling	interests	Other comprehensive income	for the year	Profit for the year	Balance at December 31, 2014

													Total equity		3,408,708		-	-	446,690 )			1,019		2 )			11 )		93,407 )		79,062	705,004	3,653,683
															$				(					(			(		(				$
												Non-controlling	interest		$ 449,859		-	-	-			-		-			-		( 93,407 )		( 4,487 )	51,010	$ 402,975
													Total		2,958,849		-	-	446,690 )			1,019		2 )			11 )		-		83,549	653,994	3,250,708
															$				(					(			(						$
								Equity	directly	related to	non-current	assets held	for sale		$ -		-	-	-			-		-			-		-		-	-	$ -
DELTA ELECTRONICS, INC. AND SUBSIDIARIES	CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (CONTINUED)	FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013	(Expressed in thousands of dollars)	Equity attributable to owners of the parent	Retained earnings Other equityinterest	Hedging	instrument	Financial Unrealized gain (loss)	statements gain or loss on	translation on effective	Unappropriated differences of available-for- hedge of	Special retained foreign sale financial cash flow	Legal reserve reserve earnings operations assets hedges		$ 435,218 $ 128,736 $ 796,598 ($ 53,823 ) $ 66,489 $ 596		56,165 - ( 56,165 ) - - -	- ( 112,068 ) 112,068 - - -	- - ( 446,690 ) - - -			- - - - - -		- - - - - -			- - - - - -		- - - - - -		- - - 130,138 ( 46,202 ) ( 387 )	- - 653,994 - - -	$ 491,383 $ 16,668 $ 1,059,805 $ 76,315 $ 20,287 $ 209	The accompanying notes are an integral part of these consolidated financial statements.	See report of independent accountants dated March 10, 2015.
													Capital surplus		$ 814,879		-	-	-			1,019		( 2 )			( 11 )		-		-	-	$ 815,885
												Share capital -	common stock		$ 770,156		-	-	-			-		-			-		-		-	-	$ 770,156
													Notes				6(21)
														2014 US Dollars	Balance at January 1, 2014	Distribution of 2013 earnings	Legal reserve	Reversal of special reserve	Cash dividends	Change in equity of associates	and joint ventures accounted	for under equity method	Share of changes in equities of	subsidiaries	Proceeds from investments	accounted for under the	equity method	Changes in non-controlling	interests	Other comprehensive income	for the year	Profit for the year	Balance at December 31, 2014

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

(Expressed in thousands of dollars)

CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax for the year from continuing operations Profit before tax for the year from discontinued operations Consolidated profit before tax for the year Adjustments to reconcile net income to net cash generated from operating activities Income and expenses having no effect on cash flows Depreciation Amortization Provision for bad debts Interest expense Interest income Dividend income Net loss (gain) on financial assets or liabilities at fair value through profit or loss Share of profit of associates accounted for under the equity method Loss on disposal of property, plant and equipment Gain on disposal of non-current assets classified as held for sale (shown as profit (loss) from discontinued operations) (Gain) loss on disposal of investments Impairment loss on financial assets Impairment loss on non-financial assets Reversal of impairment loss on non-financial assets (shown as profit (loss) from discontinued operations) Changes in assets/liabilities relating to operating activities Net changes in assets relating to operating activities Financial assets at fair value through profit or loss Notes receivable Accounts receivable Accounts receivable - related parties Other receivables Other receivables - related parties Inventories Prepayments Other current assets Other non-current assets Net changes in liabilities relating to operating activities Notes payable Accounts payable Accounts payable - related parties Other payables Other current liabilities Other non-current liabilities Cash generated from operations Interest received Dividend received Interest paid Income taxes paid Net cash provided by operating activities	US Dollars New Taiwan Dollars Notes 2014 2014 2013 $ 837,752 $ 26,514,857 $ 22,496,554 6(12) - - 132,798 837,752 26,514,857 22,629,352 6(9)(10) 208,953 6,613,373 7,227,049 6(11) 32,310 1,022,608 1,114,557 6(6) 7,885 249,547 177,496 6(27) 5,134 162,480 242,701 6(25) ( 29,995) ( 949,336) ( 724,410) 6(25) ( 4,478) ( 141,714) ( 140,180) 6(26) 1,953 61,827 ( 56,480) 6(8) ( 30,963) ( 979,988) ( 880,788) 6(26) 370 11,725 9,303 6(12) - - ( 25,989) 6(26) ( 1,805) ( 57,117) 400,298 6(26) 898 28,420 42,012 6(26) 1,731 54,800 32,141 6(12) - - ( 809,194) ( 1,878) ( 59,439) ( 15,515) ( 13,758) ( 435,439) ( 214,819) ( 86,316) ( 2,731,916) ( 6,554,316) 15,214 481,531 450,800 ( 1,770) ( 56,029) 43,592 3,604 114,063 75,440 ( 111,537) ( 3,530,146) ( 2,753,789) ( 15,781) ( 499,479) ( 1,672,894) ( 879) ( 27,820) 171,821 ( 3,596) ( 113,808) ( 79,596) ( 26) ( 808) 808 27,627 874,379 6,293,187 1,790 56,643 ( 49,045) 52,666 1,666,867 3,062,366 34,184 1,081,930 ( 184,513) 2,900 91,773 24,936 932,189 29,503,784 27,836,331 29,995 949,336 724,410 25,247 799,053 308,122 ( 5,131) ( 162,395) ( 226,124) ( 102,829) ( 3,254,540) ( 3,220,469) 879,471 27,835,238 25,422,270	New Taiwan Dollars	New Taiwan Dollars
			2013

(Continued)

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

(Expressed in thousands of dollars)

CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of financial assets at fair value through profit or loss, designated upon initial recognition Proceeds from disposal of financial assets at fair value through profit or loss, designated upon initial recognition Acquisition of available-for-sale financial assets Proceeds from disposal of available-for-sale financial assets Proceeds from capital reduction of available-for-sale financial assets Acquisition of financial assets at cost Proceeds from capital reduction of financial assets carried at cost Acquisition of investments accounted for using equity method Proceeds from disposal of investments accounted for under the equity method Net cash flow from acquisition of subsidiaries (net of cash acquired) Proceeds from disposal of subsidiaries Acquisition of property, plant and equipment Proceeds from disposal of property, plant and equipment Acquisition of intangible assets Increase in other financial assets Decrease (increase) in other non-current assets Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in short-term borrowings Proceeds from long-term debt Repayment of long-term debt Exercise of employee share options Change in non-controlling interests Cash dividends paid Net cash used in financing activities Effects due to changes in exchange rate Increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	US Dollars New Taiwan Dollars Notes 2014 2014 2013 ($ 911) ($ 28,844) ($ 114,700) - - 970,000 ( 52,260) ( 1,654,042) ( 362,670) 32,231 1,020,122 801,448 572 18,112 - ( 10,833) ( 342,878) - 10 306 - ( 3,537) ( 111,948) - 3,290 104,144 939 6(32) ( 83,609) ( 2,646,215) ( 605,843) 6(12) - - ( 644,799) 6(9) ( 174,782) ( 5,531,856) ( 8,823,567) 5,596 177,119 443,672 6(11) ( 12,658) ( 400,617) ( 398,634) ( 3,381) ( 106,993) ( 12,841) 2,938 92,972 ( 320,291) ( 297,334) ( 9,410,618) ( 9,067,286) 39,165 1,239,576 ( 576,247) 834,862 26,423,380 18,324,619 ( 594,004) ( 18,800,236) ( 16,396,307) 6(18) - - 1,097,730 ( 68,963) ( 2,182,681) ( 803,844) ( 446,690) ( 14,137,739) ( 12,843,202) ( 235,630) ( 7,457,700) ( 11,197,251) 109,605 3,469,028 2,770,009 456,112 14,435,948 7,927,742 1,864,893 59,023,870 51,096,128 $ 2,321,005 $ 73,459,818 $ 59,023,870	US Dollars New Taiwan Dollars Notes 2014 2014 2013 ($ 911) ($ 28,844) ($ 114,700) - - 970,000 ( 52,260) ( 1,654,042) ( 362,670) 32,231 1,020,122 801,448 572 18,112 - ( 10,833) ( 342,878) - 10 306 - ( 3,537) ( 111,948) - 3,290 104,144 939 6(32) ( 83,609) ( 2,646,215) ( 605,843) 6(12) - - ( 644,799) 6(9) ( 174,782) ( 5,531,856) ( 8,823,567) 5,596 177,119 443,672 6(11) ( 12,658) ( 400,617) ( 398,634) ( 3,381) ( 106,993) ( 12,841) 2,938 92,972 ( 320,291) ( 297,334) ( 9,410,618) ( 9,067,286) 39,165 1,239,576 ( 576,247) 834,862 26,423,380 18,324,619 ( 594,004) ( 18,800,236) ( 16,396,307) 6(18) - - 1,097,730 ( 68,963) ( 2,182,681) ( 803,844) ( 446,690) ( 14,137,739) ( 12,843,202) ( 235,630) ( 7,457,700) ( 11,197,251) 109,605 3,469,028 2,770,009 456,112 14,435,948 7,927,742 1,864,893 59,023,870 51,096,128 $ 2,321,005 $ 73,459,818 $ 59,023,870
		( 9,067,286)
		( 576,247) 18,324,619 ( 16,396,307) 1,097,730 ( 803,844) ( 12,843,202) ( 11,197,251) 2,770,009 7,927,742 51,096,128 $ 59,023,870

The accompanying notes are an integral part of these consolidated financial statements. See report of independent accountants dated March 10, 2015.

DELTA ELECTRONICS, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2014 AND 2013

(Expressed in thousands of New Taiwan dollars, except as otherwise indicated)

1. HISTORY AND ORGANIZATION

Delta Electronics, Inc. (the Company) was incorporated as a company limited by shares under the provisions of the Company Law of the Republic of China (R.O.C.). The Company and its subsidiaries (collectively referred herein as the Group) are the global leader in power and thermal management solutions and are primarily engaged in the research and development, design, manufacturing and sale of electronic control systems, industrial automation products, digital display products, communication products, consumer electronics products, energy-saving lighting application and energy technology services, etc. The Group’s mission statement, to provide innovative, clean and energy-efficient solutions for a better tomorrow, focuses on the role in addressing key environmental issues such as global climate change. With the concern for the environment, the Group continues to develop innovative energy-efficient products and solutions. In recent years, the Group has transformed from a product provider towards a solution provider and the Group’s business is segregated into power electronics business, energy management business, and smart green life business.

THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL STATEMENTS AND PROCEDURES FOR AUTHORIZATION

These consolidated financial statements were authorised for issuance by the Board of Directors on March 10, 2015.

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

(1) Effect of the adoption of new issuances of or amendments to International Financial Reporting Standards (“IFRS”) as endorsed by the Financial Supervisory Commission (“FSC”) None.
(2) Effect of new issuances of or amendments to IFRSs as endorsed by the FSC but not yet adopted by the Group
According to Financial-Supervisory-Securities-Auditing No. 1030010325 issued on April 3, 2014, commencing 2015, companies with shares listed on the TWSE or traded on the Taipei Exchange or Emerging Stock Market shall adopt the 2013 version of IFRS (not including IFRS 9, ‘Financial instruments’) as endorsed by the FSC and the “Regulations Governing the Preparation of Financial Reports by Securities Issuers” effective January 1, 2015 (collectively referred herein as the “2013 version of IFRSs” in preparing the consolidated financial statements. The related new standards, interpretations and amendments are listed below:

New Standards,Interpretations andAmendments	Effective Date by International Accounting Standards Board
Limited exemption from comparative IFRS 7 disclosures for first-time adopters (amendment to IFRS 1) Severe hyperinflation and removal of fixed dates for first-time adopters (amendment to IFRS 1) Government loans (amendment to IFRS 1) Disclosures－Transfers of financial assets (amendment to IFRS 7) Disclosures－Offsetting financial assets and financial liabilities (amendment to IFRS 7) IFRS 10, ‘Consolidated financial statements’ IFRS 11, ‘Joint arrangements’ IFRS 12, ‘Disclosure of interests in other entities’ IFRS 13, ‘Fair value measurement’ Presentation of items of other comprehensive income (amendment to IAS 1) Deferred tax: recovery of underlying assets (amendment to IAS 12) IAS 19 (revised), ‘Employee benefits’ IAS 27, ‘Separate financial statements’ IAS 28, ‘Investments in associates and joint ventures’ Offsetting financial assets and financial liabilities (amendment to IAS 32) IFRIC 20, ‘Stripping costs in the production phase of a surface mine’ Improvements to IFRSs 2010 Improvements to IFRSs 2009－2011	July 1, 2010 July 1, 2011 January 1, 2013 July 1, 2011 January 1, 2013 January 1, 2013 (Investment entities: January 1, 2014) January 1, 2013 January 1, 2013 January 1, 2013 July 1, 2012 January 1, 2012 January 1, 2013 January 1, 2013 January 1, 2013 January 1, 2014 January 1, 2013 January 1, 2011 January 1, 2013

New Standards,Interpretations andAmendments

Effective Date by
International
Accounting Standards
Board

Limited exemption from comparative IFRS 7 disclosures for first-time
adopters (amendment to IFRS 1)
Severe hyperinflation and removal of fixed dates for first-time adopters
(amendment to IFRS 1)
Government loans (amendment to IFRS 1)
Disclosures－Transfers of financial assets (amendment to IFRS 7)
Disclosures－Offsetting financial assets and financial liabilities
(amendment to IFRS 7)
IFRS 10, ‘Consolidated financial statements’
IFRS 11, ‘Joint arrangements’
IFRS 12, ‘Disclosure of interests in other entities’
IFRS 13, ‘Fair value measurement’
Presentation of items of other comprehensive income (amendment to
IAS 1)
Deferred tax: recovery of underlying assets (amendment to IAS 12)
IAS 19 (revised), ‘Employee benefits’
IAS 27, ‘Separate financial statements’
IAS 28, ‘Investments in associates and joint ventures’
Offsetting financial assets and financial liabilities (amendment to IAS 32)
IFRIC 20, ‘Stripping costs in the production phase of a surface mine’
Improvements to IFRSs 2010
Improvements to IFRSs 2009－2011

July 1, 2010
July 1, 2011
January 1, 2013
July 1, 2011
January 1, 2013
January 1, 2013
(Investment entities:
January 1, 2014)
January 1, 2013
January 1, 2013
January 1, 2013
July 1, 2012
January 1, 2012
January 1, 2013
January 1, 2013
January 1, 2013
January 1, 2014
January 1, 2013
January 1, 2011
January 1, 2013

Based on the Group’s assessment, the adoption of the 2013 version of IFRS has no significant impact on the consolidated financial statements of the Group, except the following: A. IAS 19 (revised), ‘Employee benefits’

The standard requires additional disclosures to present how defined benefit plans may affect the amount, timing and uncertainty of the entity’s future cash flows.

The Group expects to recognise previously unrecognised past service cost and as a consequence of the elimination of the corridor approach to recognise prior unrecognised actuarial losses by increasing accrued pension liabilities by $25,830, increasing deferred tax assets by $56,653, increasing deferred tax liabilities by $32,367 and decreasing retained earnings by $79,197, decreasing non-controlling interests by $11,488 and decreasing long-term equity investments by $89,141 at January 1, 2014, and by decreasing accrued pension liabilities by $111,338,

increasing deferred tax assets by $63,987, increasing deferred tax liabilities by $62,446, increasing retained earnings by $36,485, decreasing non-controlling interests by $7,205 and decreasing long-term equity investments by $83,599 at December 31, 2014 ; operating expenses would decrease by $1,679, gain on investment would increase by $5,541, income tax expense would increase by $1,345 and other comprehensive income would increase by $110,106 for the year ended December 31, 2014.

B. IAS 1, ‘Presentation of financial statements’

The amendment requires entities to separate items presented in OCI classified by nature into two groups on the basis of whether they are potentially reclassifiable to profit or loss subsequently when specific conditions are met. If the items are presented before tax then the tax related to each of the two groups of OCI items (those that might be reclassified and those that will not be reclassified) must be shown separately. Accordingly, the Group will adjust its presentation of the statement of comprehensive income.

C. IFRS 12, ‘Disclosure of interests in other entities’

The standard integrates the disclosure requirements for subsidiaries, joint arrangements, associates and unconsolidated structured entities. The Group will disclose additional information about its interests in consolidated entities and unconsolidated entities accordingly.

D. IFRS 13, ‘Fair value measurement’

The standard defines fair value, sets out a framework for measuring fair value, and requires disclosures about fair value measurements. Based on the Group’s assessment, the adoption of the standard has no significant impact on its consolidated financial statements, and the Group will disclose additional information about fair value measurements accordingly.

(3) Effect of IFRSs issued by IASB but not yet endorsed by the FSC

New standards, interpretations and amendments issued by IASB but not yet included in the 2013 version of IFRS as endorsed by the FSC:

New Standards,InterpretationsandAmendments	International Accounting Standards Board
IFRS 9, ‘Financial instruments' Sale or contribution of assets between an investor and its associate or joint venture (amendments to IFRS 10 and IAS 28) Investment Entities: Applying the Consolidation Exception (IFRS 10, IFRS 12 and IAS 28) Accounting for acquisition of interests in joint operations (amendments to IFRS 11) IFRS 14, 'Regulatory deferral accounts' IFRS 15, ‘Revenue from contracts with customers' Disclosure Initiative (Amendments to IAS 1) Clarification of acceptable methods of depreciation and amortisation (amendments to IAS 16 and IAS 38) Agriculture: bearer plants (amendments to IAS 16 and IAS 41) Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28) Defined benefit plans: employee contributions (amendments to IAS 19R) Equity method in separate financial statements (amendments to IAS 27) Recoverable amount disclosures for non-financial assets (amendments to IAS 36) Novation of derivatives and continuation of hedge accounting (amendments to IAS 39) IFRIC 21, ‘Levies’ Improvements to IFRSs 2010-2012 Improvements to IFRSs 2011-2013 Improvements to IFRSs 2012-2014	January 1, 2018 January 1, 2016 January 1, 2016 January 1, 2016 January 1, 2017 January 1, 2016 January 1, 2016 January 1, 2016 January 1, 2016 July 1, 2014 January 1, 2016 January 1, 2014 July 1, 2014 July 1, 2014 January 1, 2016 January 1, 2016 January 1, 2014 January 1, 2014

New Standards,InterpretationsandAmendments

International
Accounting Standards
Board

IFRS 9, ‘Financial instruments'
Sale or contribution of assets between an investor and its associate or joint
venture (amendments to IFRS 10 and IAS 28)
Investment Entities: Applying the Consolidation Exception (IFRS 10, IFRS
12 and IAS 28)
Accounting for acquisition of interests in joint operations
(amendments to IFRS 11)
IFRS 14, 'Regulatory deferral accounts'
IFRS 15, ‘Revenue from contracts with customers'
Disclosure Initiative (Amendments to IAS 1)
Clarification of acceptable methods of depreciation and amortisation
(amendments to IAS 16 and IAS 38)
Agriculture: bearer plants (amendments to IAS 16 and IAS 41)
Sale or Contribution of Assets between an Investor and its Associate or
Joint Venture (Amendments to IFRS 10 and IAS 28)
Defined benefit plans: employee contributions (amendments to IAS 19R)
Equity method in separate financial statements (amendments to IAS 27)
Recoverable amount disclosures for non-financial assets
(amendments to IAS 36)
Novation of derivatives and continuation of hedge accounting
(amendments to IAS 39)
IFRIC 21, ‘Levies’
Improvements to IFRSs 2010-2012
Improvements to IFRSs 2011-2013
Improvements to IFRSs 2012-2014

January 1, 2018
January 1, 2016
January 1, 2016
January 1, 2016
January 1, 2017
January 1, 2016
January 1, 2016
January 1, 2016
January 1, 2016
July 1, 2014
January 1, 2016
January 1, 2014
July 1, 2014
July 1, 2014
January 1, 2016
January 1, 2016
January 1, 2014
January 1, 2014

The Group is assessing the potential impact of the new standards, interpretations and amendments above and has not yet been able to reliably estimate their impact on the consolidated financial statements.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

(1) Compliance statement

The consolidated financial statements of the Group have been prepared in accordance with the “Rules Governing the Preparation of Financial Statements by Securities Issuers” and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations as endorsed by the FSC (collectively referred herein as the “IFRSs”)

(2) Basis of preparation

A. Except for the following items, the consolidated financial statements have been prepared under the historical cost convention:
(a) Financial assets and financial liabilities (including derivative instruments) at fair value through profit or loss.
(b) Available-for-sale financial assets measured at fair value.
(c) Liabilities on cash-settled share-based payment arrangements measured at fair value.
(d) Defined benefit liabilities recognised based on the net amount of pension fund assets plus unrecognised past service cost and unrecognised actuarial losses, and less unrecognised actuarial gains and present value of defined benefit obligation.
B. The preparation of financial statements in conformity with International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations as endorsed by the FSC (collectively referred herein as the “IFRSs”) requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 5.

(3) Basis of consolidation

A. Basis for preparation of consolidated financial statements:
(a) All subsidiaries are included in the Group’s consolidated financial statements. Subsidiaries are all entities (including special purpose entities) over which the Group has the power to govern the financial and operating policies. In general, control is presumed to exist when the parent owns, directly or indirectly through subsidiaries, more than half of the voting power of an entity. The existence and effect of potential voting rights that are currently exercisable or convertible have been considered when assessing whether the Group controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date that control ceases.
(b) Inter-company transactions, balances and unrealised gains or losses on transactions between companies within the Group are eliminated. Accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the policies adopted by the Group.
(c) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests. Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.
(d) Changes in a parent’s ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary (transactions with non-controlling interests) are accounted for as equity transactions, i.e. transactions with owners in their capacity as owners. Any difference between the amount by which the non-controlling interests are adjusted and the

fair value of the consideration paid or received is recognised directly in equity.

(e) When the Group loses control of a subsidiary, the Group remeasures any investment retained in the former subsidiary at its fair value. Any difference between fair value and carrying amount is recognised in profit or loss. All amounts previously recognised in other comprehensive income in relation to the subsidiary are reclassified to profit or loss, on the same basis as would be required if the related assets or liabilities were disposed of. That is, when the Group loses control of a subsidiary, all gains or losses previously recognised in other comprehensive income in relation to the subsidiary should be reclassified from equity to profit or loss, if such gains or losses would be reclassified to profit or loss when the related assets or liabilities are disposed of.
B. Subsidiaries included in the consolidated financial statements:

Name of Investor	Name of Subsidiary	Main Business Activities Equity investments Equity investments Trading of equipment, components and materials of telecom and computer systems Equity investments Designing and experimenting on integrated circuit and information software services Research, development, manufacturing and sales of film optic-electronics devices Manufacturing, wholesale and retail of medical equipment Equity investments	December 31, December 31, 2014 2013 94.00 94.00 100.00 100.00 100.00 100.00 39.62 39.62 83.11 83.11 100.00 100.00 100.00 100.00 100.00 100.00 Ownership (%)	Description
			December 31, 2014 94.00 100.00 100.00 39.62 83.11 100.00 100.00 100.00
Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc.	Delta International Holding Ltd. (DIH) Delta Networks Holding Ltd. (DNH) Deltronics (Netherlands) B.V. (DEN) PreOptix (Hong Kong) Co., Ltd. (PHK) NeoEnergy Microelectronics, Inc. (NEM) Cyntec Co., Ltd. (Cyntec) DelBio Inc. (DelBio) Delta Electronics Capital Company (Delta Capital)

Name of Investor	Name of Subsidiary	Main Business Activities Sales of electronic products Research and development, energy technology, meeting, exhibition, and leasing services, etc. Manufacturing and sales of color filter and lease services, etc. Research, designing, development, manufacturing and sales of intelligent robot systems and automation engineering, etc. Research, designing, development, manufacturing and sales of industrial automation equipment, etc. Providing installment construction of lighting equipment Equity investments, operations management and engineering services Sales of electronic products Operations and engineering services Warehousing and logistics services	December 31, December 31, 2014 2013 100.00 100.00 - 100.00 99.97 99.97 - 100.00 70.00 70.00 100.00 - 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Ownership (%)	Description
			December 31, 2014 100.00 - 99.97 - 70.00 100.00 100.00 100.00 100.00 100.00
Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta Electronics, Inc. Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH)	Delta Electronics Int’l (Singapore) Pte. Ltd. (DEIL-SG) Delta Smart Green Life Co., Ltd. (DSGL) Allied Material Technology Corp. (AMT) Delta Robot Automatic Co., Ltd. (Delta Robot) SYN-TEK Automation Co., Ltd. (STA) Delta Green Life Co., Ltd. (DGL) (Formerly known as Vivitek Corporation) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics International Ltd. (DEIL-Labuan) Delta Power Sharp Ltd. (DPS) DEI Logistics (USA) Corp. (ALI)			Note G Note C Note B Note A Note H

Name of Investor	Name of Subsidiary	Main Business Activities Sales of power products, display solution products, electronic components, industrial automation products and their materials Equity investments Equity investments Equity investments Equity investments Manufacturing and sales of uninterruptible power systems Sales of projector products and their materials Equity investments Repair centre and providing of support services Equity investments	December 31, December 31, 2014 2013 100.00 100.00 100.00 100.00 100.00 100.00 60.38 60.38 100.00 100.00 10.38 10.38 100.00 100.00 100.00 54.83 100.00 - 100.00 - Ownership (%)	Description
			December 31, 2014 100.00 100.00 100.00 60.38 100.00 10.38 100.00 100.00 100.00 100.00
Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd. (DIH) Delta International Holding Ltd.(DIH) Delta International Holding Ltd.(DIH)	Delta Electronics (Japan), Inc. (DEJ) DAC Holding (Cayman) Ltd. (DAC) Ace Pillar Holding Co., Ltd. (Ace) PreOptix (Hong Kong) Co., Ltd. (PHK) Drake Overseas Financial Investment Ltd. (Drake) Delta Greentech (China) Co., Ltd. (DGC) Vivitek Corporation (Vivitek) Delta Greentech SGP Pte. Ltd. (DGSG) Delta Electronics Europe Ltd. (DEU) Boom Treasure Ltd. (Boom)			Note D Note D Note D Note B Note B Note D Note E Note A Note D Note A

Name of Investor	Name of Subsidiary	Main Business Activities Manufacturing and sales of transformer and power supplies Manufacturing and sales of transformer and power supplies Product design and management consulting service, etc. Manufacturing and sales of power supplies and transformers Manufacturing and sales of transformers Manufacturing and sales of peripherals and electronic control equipment Manufacturing and sales of various projectors Manufacturing and sales of power supplies and transformers Manufacturing and sales of power supplies and transformers Sales of power management of industrial automation product and telecommunications equipment	December 31, December 31, 2014 2013 100.00 100.00 100.00 100.00 100.00 100.00 55.00 55.00 55.00 55.00 55.00 55.00 55.00 55.00 100.00 100.00 100.00 100.00 100.00 100.00 Ownership (%)	Description
			December 31, 2014 100.00 100.00 100.00 55.00 55.00 55.00 55.00 100.00 100.00 100.00
Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK)	Delta Electronics (Dongguan) Co., Ltd. (DDG) Delta Electronics Power (Dongguan) Co., Ltd. (DEP) Delta Electronics (Shanghai) Co., Ltd. (DPEC) Delta Electronics (Jiangsu) Ltd. (DWJ) Delta Electronics Components (Wujiang) Ltd. (DWC) Delta Electro-Optics (Wujiang) Ltd. (DWO) Delta Video Display System (Wujiang) Ltd. (DWV) Delta Electronics (Wuhu) Co., Ltd. (DWH) Delta Electronics (Chenzhou) Co., Ltd. (DCZ) Delta Electronics International Mexico S.A. DE C.V. (DEIL- MX)

Name of Investor	Name of Subsidiary	Main Business Activities Installation, consulting and trading of electronic products Manufacturing and sales of transformers and bluetooth module Wholesale and retail of electronic products and energy-saving equipment Manufacturing and sales of lenses and optical engines for projectors Trading of networking system and peripherals Sales of power products, display solution products electronic components, industrial automation products and their materials Manufacturing and sales of electronic products Sales of electronic products Equity investments Manufacturing and sales of uninterruptible power systems	December 31, December 31, 2014 2013 100.00 100.00 100.00 100.00 100.00 - 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 3.81 3.81 Ownership (%)	Description
			December 31, 2014 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 3.81
Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) Delta Electronics (H.K.) Ltd. (DHK) PreOptix (Hong Kong) Co., Ltd. (PHK) Delta Electronics (Japan), Inc. (DEJ) Delta Electronics (Japan), Inc. (DEJ) DAC Holding (Cayman) Ltd. (DAC) DAC Holding (Cayman) Ltd. (DAC) Drake Overseas Financial Investment Ltd. (Drake) Ace Pillar Holding Co., Ltd. (Ace)	Delta Electronics (Wujiang) Trading Co., Ltd. (DWT) Delta Green (Tianjin) Industries Co., Ltd. (DGT) Delta Electronics (Pingtan) Co., Ltd. PreOptix (Jiang Su) Co., Ltd. (PJS) Addtron Technology (Japan), Inc. (AT Japan) Delta Electronics (Korea), Inc. (Delta Korea) Delta Electronics Mexico S.A. DE C.V. (DEM) Delta Viedeo Technology Ltd. (DVT) Drake Investment (HK) Ltd. (Drake- HK) Delta Greentech (China) Co., Ltd. (DGC)			Note A Note D Note D

Name of Investor	Name of Subsidiary	Main Business Activities Manufacturing and sales of uninterruptible power systems Manufacturing and sales of power supplies and transformers Manufacturing and sales of power supplies and transformers Manufacturing and sales of power supplies and transformers Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc. Manufacturing and sales of power supplies and transformers Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc. Research and development of energy- saving technology, energy-saving equipment, energy management system and technology	December 31, December 31, 2014 2013 48.51 48.51 8.21 8.21 25.00 - 100.00 100.00 30.00 30.00 100.00 100.00 30.00 30.00 30.00 30.00 Ownership (%)	Description
			December 31, 2014 48.51 8.21 25.00 100.00 30.00 100.00 30.00 30.00
Drake Investment (HK) Ltd. (Drake-HK) Delta Greentech SGP Pte. Ltd. (DGSG) Boom Treasure Ltd. (Boom) Delta Electronics (Wuhu) Co., Ltd. (DWH) Delta Electronics (Wuhu) Co., Ltd. (DWH) Delta Electronics (Chenzhou) Co., Ltd. (DCZ) Delta Electronics (Chenzhou) Co., Ltd. (DCZ) Delta Electronics (Dongguan) Co., Ltd. (DDG)	Delta Greentech (China) Co., Ltd. (DGC) Delta Greentech (China) Co., Ltd. (DGC) Delta Greentech (China) Co., Ltd. (DGC) Wuhu Delta Technology Co., Ltd. (WDT) Delta Energy Technology (Wuhu) Co., Ltd. (DET-WH) Chenzhou Delta Technology Co., Ltd. (CDT) Delta Energy Technology (Chenzhou) Co., Ltd. (DET-CZ) Delta Energy Technology (Dongguan) Co., Ltd., (DET-DG)			Note D Note D Note D Note F

Name of Investor	Name of Subsidiary	Main Business Activities Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc. Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc. Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc. Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc. Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc.	December 31, December 31, 2014 2013 30.00 30.00 70.00 70.00 70.00 70.00 70.00 70.00 70.00 70.00 Ownership (%)	Description
			December 31, 2014 30.00 70.00 70.00 70.00 70.00
Delta Electro- Optics (Wujiang) Ltd. (DWO) Delta Electronics (Shanghai) Co., Ltd. (DPEC) Delta Electronics (Shanghai) Co., Ltd. (DPEC) Delta Electronics (Shanghai) Co., Ltd. (DPEC) Delta Electronics (Shanghai) Co., Ltd. (DPEC)	Delta Energy Technology (Wujiang) Co., Ltd. (DET-WJ) Delta Energy Technology (Wuhu) Co., Ltd. (DET-WH) Delta Energy Technology (Chenzhou) Co., Ltd. (DET-CZ) Delta Energy Technology (Dongguan) Co., Ltd. (DET-DG) Delta Energy Technology (Wujiang) Co., Ltd. (DET-WJ)

Name of Investor	Name of Subsidiary	Main Business Activities Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc. Research and development of energy- saving technology, energy-saving equipment, energy management system and technology consulting service, etc. Equity investments Manufacturing and sales of networking system and peripherals Trading of networking system and peripherals Trading of networking system and peripherals Equity investments	December 31, December 31, 2014 2013 10.00 10.00 90.00 90.00 100.00 100.00 99.98 99.98 100.00 100.00 100.00 100.00 100.00 100.00 Ownership (%)	Description
			December 31, 2014 10.00 90.00 100.00 99.98 100.00 100.00 100.00
Delta Electronics (Shanghai) Co., Ltd. (DPEC) Delta Greentech (China) Co., Ltd. (DGC) Delta Networks Holding Ltd. (DNH) Delta Networks, Inc. (DNI Cayman) Delta Networks, Inc. (DNI Cayman) Delta Networks, Inc. (DNI Cayman) Delta Networks, Inc. (DNI Cayman)	Delta Energy Technology (Shanghai) Co., Ltd. (DET-SH) Delta Energy Technology (Shanghai) Co., Ltd. (DET-SH) Delta Networks, Inc. (DNI Cayman) Delta Networks, Inc. (Taiwan) (DNIT) DNI Logistics (USA) Corp. (ALN) Delta Networks International Ltd. (DNIL-Labuan) Delta Networks (H.K.) Ltd. (DNHK)

Name of Investor	Name of Subsidiary	Main Business Activities Manufacturing and sales of other radio transmission apparatus, incorporating reception apparatus and other radio-broadcast receivers, combined with sound recording or reproducing apparatus Design of computer software Operation of radio transmission apparatus, and automatic data processing, reception, conversion and transmission or regeneration of voice, images or other data of the machine, including switches and routers, with a special program to control a computer or word processor with memory business Manufacturing and sales of wire and wireless telecommunications equipment, electronic parts and controlled telecommunications radio frequency devices Equity investments Equity investments Equity investments	December 31, December 31, 2014 2013 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 Ownership (%)	Description
			December 31, 2014 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Delta Networks (H.K.) Ltd. (DNHK) Delta Networks (H.K.) Ltd. (DNHK) Delta Networks (H.K.) Ltd. (DNHK) Delta Networks, Inc. (Taiwan) (DNIT) Cyntec Co., Ltd. (Cyntec) Fairview Assets Ltd. (Fairview) Grandview Holding Ltd. (Grandview)	Delta Networks (Dongguan) Ltd. (DII) Delta Networks (Shanghai) Ltd. (DNS) Delta Networks (Xiamen) Ltd. (DNX) Ayecom Technology Co., Ltd. (Ayecom) Fairview Assets Ltd. (Fairview) Grandview Holding Ltd. (Grandview) Cyntec Holding (H.K.) Ltd. (CHK)

		Ownership (%)
Name of	Name of Main Business	December 31, December 31,
Investor	Subsidiary Activities	2014 2013 Description
Grandview	Cyntec International Trading	100.00 100.00
Holding Ltd.	Ltd. (CIL-Labuan)
(Grandview)
Cyntec Holding	Cyntec (Suzhou) Co., Research, development,	100.00 100.00
(H.K.) Ltd.	Ltd. (CSC) manufacturing and
(CHK)	sales of new-type
	electronic components
	and wholesale, import
	and export of similar
	products
Cyntec Holding	Cyntec Electronics Research, development,	100.00 100.00
(H.K.) Ltd.	(Suzhou) Co., Ltd. manufacturing and
(CHK)	(CES) sales of new-type
	electronic components
	(chip components,
	sensing elements,
	hybrid integrated
	circuits) and wholesale,
	import and export of
	similar products
DelBio Inc.	DelBio (Wujiang) Manufacturing,	100.00 100.00 Note B
(DelBio)	Co., Ltd. wholesale and retail of
	medical equipment
Note A:	Companies were established or acquired	through merger during 2014.
Note B:	Companies were established or acquired	through merger during 2013.
Note C:	On April 1, 2014, the Company’s wholly-owned subsidiary – Delta Robot Automatic
	Co., Ltd. was merged into the Company and the surviving company was the Company.
Note D:	DIH acquired stock ownership in Ace,	Drake, DGSG (please refer to Note E) and
	Boom (please refer to Note F) which indirectly acquired 3.811%, 48.51%, 8.21% and
	25% stock ownership, respectively in DGC. Including the original 10.38% stock
	ownership held by DIH, the Company’s consolidated stock ownership in DGC was
	95.91% and DGC was included in the consolidated financial statements.
Note E:	DIH indirectly held 8.21% share ownership of DGC through DGSG, and acquired
	54.83% share ownership of DGSG on	April 1, 2013. DGSG was included in the
	consolidated financial statements effective on that date, and DIH acquired 45.17%
	share ownership of DGSG on September 1, 2014.
Note F:	DIH acquired 100% share ownership of Boom on September 1, 2014. Boom was
	included in the consolidated financial	statement effective on that date, and DIH

indirectly held 25% share ownership of DGC.

Note G: Formerly known as Delta Smart Green Life Co., Ltd. and was renamed on August 25, 2014. Liquidation was completed at December 4, 2014.
Note H: Formerly known as Vivitek Corporation and was renamed on December 29, 2014.
Note I: On December 19, 2012, the Board of Directors of DelSolar and NSP resolved to merge through share exchange. Each common share of DelSolar will be converted into 0.735 share of NSP. DelSolar will be the dissolved company and NSP will be the surviving company after the consolidation. The effective date was May 31, 2013. The Company acquired 17% ownership of NSP after share exchange and does not have control over NSP. Therefore, the Company deconsolidated DelSolar from May 31, 2013. Gain or loss arising from loss of control is disclosed in Note 6(12).
C. Subsidiaries not included in the consolidated financial statements: None.
D. Adjustments for subsidiaries with different balance sheet dates: None.
E .Nature and extent of the restrictions on fund remittance from subsidiaries to the parent company: None.

(4) Foreign currency translation

Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in New Taiwan dollars, which is the Company’s functional and the Group’s presentation currency.

A. Foreign currency transactions and balances
(a) Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions are recognised in profit or loss in the period in which they arise, except when deferred in other comprehensive income as qualifying cash flow hedges.
(b) Monetary assets and liabilities denominated in foreign currencies at the period end are re-translated at the exchange rates prevailing at the balance sheet date. Exchange differences arising upon re-translation at the balance sheet date are recognised in profit or loss.
(c) Non-monetary assets and liabilities denominated in foreign currencies held at fair value through profit or loss are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in profit or loss as part of the fair value gain or loss. Non-monetary assets and liabilities denominated in foreign currencies held at fair value through other comprehensive income are re-translated at the exchange rates prevailing at the balance sheet date; their translation differences are recognised in other comprehensive income. However, non-monetary assets and liabilities denominated in foreign currencies

that are not measured at fair value are translated using the historical exchange rates at the dates of the initial transactions.

(d) All foreign exchange gains and losses are presented in the statement of comprehensive income within other gains and losses.
B. Translation of foreign operations
(a) The operating results and financial position of all the group entities that have a functional currency different from the presentation currency are translated into the presentation currency as follows:
- i. Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet;
- ii. Income and expenses for each statement of comprehensive income are translated at average exchange rates of that period; and
- iii. All resulting exchange differences are recognised in other comprehensive income.
(b) When a foreign operation of an associate or jointly controlled entity is partially disposed of or sold, exchange differences that were recorded in other comprehensive income are proportionately reclassified to profit or loss as part of the gain or loss on sale. In addition, when the Group still retains partial interest in the former foreign associate or jointly controlled entity after losing significant influence over the former foreign associate, or losing joint control of the former jointly controlled entity, such transactions should be accounted for as disposal of all interest in these foreign operations.
(c) When the foreign operation partially disposed of or sold is a subsidiary, cumulative exchange differences that were recorded in other comprehensive income are proportionately transferred to the non-controlling interest in this foreign operation. In addition, if the Group retains partial interest in the former foreign subsidiary after losing control of the former foreign subsidiary, such transactions should be accounted for as disposal of all interest in the foreign operation.
(d) Goodwill and fair value adjustments arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign entity and translated at the closing exchange rates at the balance sheet date.

(5) Classification of current and non-current items

A. Assets that meet one of the following criteria are classified as current assets; otherwise they are classified as non-current assets:
(a) Assets arising from operating activities that are expected to be realised, or are intended to be sold or consumed within the normal operating cycle;
(b) Assets held mainly for trading purposes;
(c) Assets that are expected to be realised within twelve months from the balance sheet date;
(d) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are to be exchanged or used to pay off liabilities more than twelve months after the balance sheet date.
B. Liabilities that meet one of the following criteria are classified as current liabilities; otherwise they are classified as non-current liabilities:
(a) Liabilities that are expected to be paid off within the normal operating cycle;
(b) Liabilities arising mainly from trading activities;
(c) Liabilities that are to be paid off within twelve months from the balance sheet date;
(d) Liabilities for which the repayment date cannot be extended unconditionally to more than twelve months after the balance sheet date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

(6) Cash equivalents

Cash equivalents refer to short-term highly liquid investments that are readily convertible to known amount of cash and subject to an insignificant risk of changes in value. Time deposits that meet the above criteria and are held for the purpose of meeting short-term cash commitment in operations are classified as cash equivalents.

(7) Financial assets at fair value through profit or loss

A. Financial assets at fair value through profit or loss are financial assets held for trading or financial assets designated as at fair value through profit or loss on initial recognition. Financial assets are classified in this category of held for trading if acquired principally for the purpose of selling in the short-term. Derivatives are also categorized as financial assets held for trading unless they are designated as hedges. Financial assets that meet one of the following criteria are designated as at fair value through profit or loss on initial recognition:
(a) Hybrid (combined) contracts; or
(b) They eliminate or significantly reduce a measurement or recognition inconsistency; or
(c) They are managed and their performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy.
B. On a regular way purchase or sale basis, financial assets held for trading are recognised and derecognised using trade date accounting. Derivatives and financial assets designated as at fair value through profit or loss on initial recognition are recognised and derecognised using settlement date accounting.

C. Financial assets at fair value through profit or loss are initially recognised at fair value. Related transaction costs are expensed in profit or loss. These financial assets are subsequently remeasured and stated at fair value, and any changes in the fair value of these financial assets are recognised in profit or loss. Investments in equity instruments that do not have a quoted market price in an active market and whose fair value cannot be reliably measured or derivatives that are linked to and must be settled by delivery of such unquoted equity instruments are presented in ‘financial assets measured at cost’.

(8) Available-for-sale financial assets

A. Available-for-sale financial assets are non-derivatives that are either designated in this category or not classified in any of the other categories.
B. On a regular way purchase or sale basis, available-for-sale financial assets are recognised and derecognised using trade date accounting.
C. Available-for-sale financial assets are initially recognised at fair value plus transaction costs. These financial assets are subsequently remeasured and stated at fair value, and any changes in the fair value of these financial assets are recognised in other comprehensive income. Investments in equity instruments that do not have a quoted market price in an active market and whose fair value cannot be reliably measured or derivatives that are linked to and must be settled by delivery of such unquoted equity instruments are presented in ‘financial assets measured at cost’.

(9) Notes and accounts receivable, other receivables

Notes receivable and accounts receivable are claims resulting from the sale of goods or services. Other receivables are those arising from transactions other than the sale of goods or services. Notes receivable, accounts receivable and other receivables are recognized initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment. However, for short-term accounts receivable without bearing interest, as the effect of discounting is insignificant, they are measured subsequently at original invoice amount.

(10) Impairment of financial assets

A. The Group assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired as a result of one or more events that occurred after the initial recognition of the asset (a ‘loss event’) and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably estimated.
B. The criteria that the Group uses to determine whether there is objective evidence of an impairment loss is as follows:
(a) Significant financial difficulty of the issuer or debtor;
(b) A breach of contract, such as a default or delinquency in interest or principal payments;
(c) The Group, for economic or legal reasons relating to the borrower’s financial difficulty,

granted the borrower a concession that a lender would not otherwise consider;

(d) It becomes probable that the borrower will enter bankruptcy or other financial reorganisation;
(e) The disappearance of an active market for that financial asset because of financial difficulties; or
(f) Observable data indicating that there is a measurable decrease in the estimated future cash flows from a group of financial assets since the initial recognition of those assets, although the decrease cannot yet be identified with the individual financial asset in the group, including adverse changes in the payment status of borrowers in the group or national or local economic conditions that correlate with defaults on the assets in the group;
(g) Information about significant changes with an adverse effect that have taken place in the technology, market, economic or legal environment in which the issuer operates, and indicates that the cost of the investment in the equity instrument may not be recovered;
(h) A significant or prolonged decline in the fair value of an investment in an equity instrument below its cost.
C. When the Group assesses that there has been objective evidence of impairment and an impairment loss has occurred, accounting for impairment is made as follows according to the category of financial assets:
(a) Financial assets measured at amortised cost

The amount of the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows discounted at the financial asset’s original effective interest rate, and is recognised in profit or loss. If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment loss was recognised, the previously recognised impairment loss is reversed through profit or loss to the extent that the carrying amount of the asset does not exceed its amortised cost that would have been at the date of reversal had the impairment loss not been recognised previously. Impairment loss is recognised and reversed by adjusting the carrying amount of the asset through the use of an impairment allowance account.

(b) Financial assets measured at cost

The amount of the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows discounted at current market return rate of similar financial asset, and is recognised in profit or loss. Impairment loss recognised for this category shall not be reversed subsequently. Impairment loss is recognised by adjusting the carrying amount of the asset through the use of an impairment allowance account.

(c) Available-for-sale financial assets

The amount of the impairment loss is measured as the difference between the asset’s acquisition cost (less any principal repayment and amortisation) and current fair value, less any impairment loss on that financial asset previously recognised in profit or loss, and is reclassified from ‘other comprehensive income’ to ‘profit or loss’. If, in a subsequent period, the fair value of an investment in a debt instrument increases, and the increase can be related objectively to an event occurring after the impairment loss was recognised, then such impairment loss is reversed through profit or loss. Impairment loss of an investment in an equity instrument recognised in profit or loss shall not be reversed through profit or loss. Impairment loss is recognised and reversed by adjusting the carrying amount of the asset through the use of an impairment allowance account.

(11) Derecognition of financial assets

The Group derecognises a financial asset when one of the following conditions is met:

A. The contractual rights to receive cash flows from the financial asset expire.
B. The contractual rights to receive cash flows from the financial asset have been transferred and the Group has transferred substantially all risks and rewards of ownership of the financial asset.
C. The contractual rights to receive cash flows from the financial asset have been transferred, and the Group has not retained control of the financial asset.

(12) Inventories

Inventories are stated at the lower of cost and net realisable value. Inventories are recorded at standard cost and variances are allocated to inventories and cost of goods sold at the balance sheet date. The cost of finished goods and work in progress comprises raw materials, direct labour, other direct costs and related production overheads (allocated based on normal operating capacity). It excludes borrowing costs. The item by item approach is used in applying the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and applicable variable selling expenses.

(13) Non-current assets (or disposal groups) held for sale

Non-current assets (or disposal group) are classified as assets held for sale when their carrying amount is to be recovered principally through a sale transaction rather than through continuing use, and a sale is considered highly probable. They are stated at the lower of carrying amount and fair value less costs to sell.

(14) Investments accounted for under the equity method / associates

A. Associates are all entities over which the Group has significant influence but not control. In general, it is presumed that the investor has significant influence, if an investor holds, directly or indirectly 20 percent or more of the voting power of the investee. Investments in associates are accounted for under the equity method and are initially recognised at cost.
B. The Group’s share of its associates’ post-acquisition profits or losses is recognised in profit or loss, and its share of post-acquisition movements in other comprehensive income is recognised in other comprehensive income. When the Group’s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured receivables, the Group does not recognise further losses, unless it has incurred / legal or constructive obligations or made payments on behalf of the associate.
C. When changes in an associate’s equity are not recognised in profit or loss or other comprehensive income of the associate and such changes do not affect the Group’s ownership percentage of the associate, the Group recognises change in ownership interests in the associate in ‘capital surplus’ in proportion to its ownership.
D. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been adjusted where necessary to ensure consistency with the policies adopted by the Group.
E. In the case that an associate issues new shares and the Group does not subscribe or acquire new shares proportionately, which results in a change in the Group’s ownership percentage of the associate but maintains significant influence on the associate, then ‘capital surplus’ and ‘investments accounted for under the equity method’ shall be adjusted for the increase or decrease of its share of equity interest. If the above condition causes a decrease in the Group’s ownership percentage of the associate, in addition to the above adjustment, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately on the same basis as would be required if the relevant assets or liabilities were disposed of.
F. Upon loss of significant influence over an associate, the Group remeasures any investment retained in the former associate at its fair value. Any difference between fair value and carrying amount is recognised in profit or loss.
G. When the Group disposes its investment in an associate and loses significant influence over this associate, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss or transferred directly to retained earnings. If it retains significant influence over the associate, the amounts previously recognised in other comprehensive income in relation to the associate are reclassified to profit or loss proportionately in accordance with the aforementioned approach.

(15) Cash surrender value of life insurance

Premium paid for life insurance with saving nature belonging to cash surrender value is recognised as a deduction to insurance premium expense in current period and is added to the carrying amount of cash surrender value.

(16) Property, plant and equipment

A. Property, plant and equipment are initially recorded at cost. Borrowing costs incurred during the construction period are capitalised.
B. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to profit or loss during the financial period in which they are incurred.
C. Land is not depreciated. Other property, plant and equipment apply cost model and are depreciated using the straight-line method to allocate their cost over their estimated useful lives (leasehold improvements are amortized over the term of the lease). If each component of property, plant and equipment is significant, it is depreciated separately.
D. The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each balance sheet date. If expectations for the assets’ residual values and useful lives differ from previous estimates or the patterns of consumption of the assets’ future economic benefits embodied in the assets have changed significantly, any change is accounted for as a change in estimate under IAS 8, ‘Accounting Policies, Changes in Accounting Estimates and Errors’, from the date of the change. The estimated useful lives of property, plant and equipment are 2~8 years except for buildings, the estimated useful life of which is 5~55 years.

(17) Investment property

An investment property is stated initially at its cost and measured subsequently using the cost model. Except for land, investment property is depreciated on a straight-line basis over its estimated useful life of 7~50 years.

(18) Intangible assets

A. Goodwill

Goodwill arises in a business combination accounted for by applying the acquisition method. Acquisition prices in business combination are calculated by the price of acquisition and direct costs for related acquisition. The amount of goodwill recognised is the difference of the acquisition prices less net fair value of identifiable assets acquired. The amortisation duration of acquisition price may not exceed one year after the acquisition.

B. Tademarks

(a) Separately acquired trademarks with finite useful lives are stated at acquisition cost and are amortized on a straight-line basis over their estimated useful lives.
(b) Certain trademarks which are assessed to generate net cash inflows and have indefinite useful lives are recorded at actual cost. These are not amortized and instead are tested for impairment annually.
C. Intangible assets other than goodwill and trademarks, mainly computer software, patents, customer relationship and technology authorization fees, are amortized on a straight-line basis over their estimated useful lives of 2~12 years.

(19) Impairment of non-financial assets

A. The Group assesses at each balance sheet date the recoverable amounts of those assets where there is an indication that they are impaired. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell or value in use. When the circumstances or reasons for recognizing impairment loss for an asset in prior years no longer exist, the impairment loss shall be reversed to the extent of the loss previously recognised in profit or loss. Such recovery of impairment loss shall not result to the asset’s carrying amount greater than its amortized cost where no impairment loss was recognized.
B. The recoverable amounts of goodwill and intangible assets with an indefinite useful life and intangible assets that have not yet been available for use shall be evaluated periodically. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. Impairment loss of goodwill previously recognised in profit or loss shall not be reversed in the following years.
C. Goodwill for impairment testing purpose is allocated to cash generating units. This allocation is identified based on operating segments. Goodwill is allocated to a cash generating unit or a group of cash generating unit that expects to benefit from business combination that will produce goodwill.

(20) Borrowings

Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortised cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognised in profit or loss over the period of the borrowings using the effective interest method.

(21) Notes and accounts payable

Notes and accounts payable are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. They are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. However, for short-term accounts payable without bearing interest, as the effect of discounting is insignificant, they are measured subsequently at original invoice amount.

(22) Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss are financial liabilities held for trading or financial liabilities designated as at fair value through profit or loss on initial recognition. Derivatives are classified in this category of held for trading unless they are designated as hedges. Derivatives are initially recognised at fair value, and related transaction costs are expensed in

profit or loss. These financial liabilities are subsequently remeasured and stated at fair value, and any changes in the fair value of these financial liabilities are recognised in profit or loss.

(23) Derecognition of financial liabilities

A financial liability is derecognised when the obligation under the liability specified in the contract is discharged or cancelled or expires.

(24) Offsetting financial instruments

Financial assets and liabilities are offset and reported at net amount in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

(25) Derivative financial instruments and hedging activities

A. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently remeasured at their fair value. Any changes in the fair value are recognised in profit or loss.
B. The Group designates certain derivatives as either:
(a) Hedges of the fair value of recognised assets or liabilities or a firm commitment (fair value hedge);
(b) Hedges of a particular risk associated with a recognised asset or liability or a highly probable forecast transaction (cash flow hedge);
C. The Group documents at the inception of the transaction the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking various hedging transactions. The Group also documents its assessment, both at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items.
D. The full fair value of a hedging derivative is classified as a non-current asset or liability when the remaining maturity of the hedged item is more than 12 months, and as a current asset or liability when the remaining maturity of the hedged item is less than 12 months. Trading derivatives are classified as current assets or liabilities.
E. Fair value hedge
(a) Changes in the fair value of derivatives that are designated and qualified as fair value hedges are recorded in profit or loss, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
(b) If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged item for which the effective interest method is used is amortised to profit or loss over the period to maturity.
F. Cash flow hedge
(a) The effective portion of changes in the fair value of derivatives that are designated and qualified as cash flow hedges is recognised in other comprehensive income. The gain or loss relating to the ineffective portion is recognised immediately in the statement of comprehensive income within ‘other gains and losses’.
(b) When a hedging instrument expires, or is sold, cancelled or executed, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in other comprehensive income at that time remains in other comprehensive income. When a forecast transaction occurs or is no longer expected to occur, the cumulative gain or loss that was reported in other comprehensive income is transferred to profit or loss in the periods when the hedged forecast cash flow affects profit or loss.

(26) Employee benefits

A. Short-term employee benefits

Short-term employee benefits are measured at the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a period and should be recognised as expenses in that period when the employees render service.

B. Pensions
(a) Defined contribution plans

Under the defined contribution plans, the contributions are recognised as pension expenses when they are due on an accrual basis. Prepaid contributions are recognised as an asset to the extent of a cash refund or a reduction in the future payments.

(b) Defined benefit plans
i. The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets, together with adjustments for unrecognised past service costs. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability; when there is no deep market in such corporate bonds, the Group uses interest rates of government bonds (at the balance sheet date) instead.
ii. Actuarial gains and losses arising on defined benefit plans are recognised in profit or loss using the corridor method.
iii.Past service costs are recognised immediately in profit or loss if vested immediately; if not, the past service costs are amortised on a straight-line basis over the vesting period.

C. Employees’ bonus and directors’ and supervisors’ remuneration
Employees’ bonus and directors’ and supervisors’ remuneration are recognised as expenses and liabilities, provided that such recognition is required under legal or constructive obligation and the amounts can be reliably estimated. However, if the accrued amounts for employees’ bonus and directors’ and supervisors’ remuneration are different from the actual distributed amounts as resolved by the stockholders at their stockholders’ meeting subsequently, the differences should be recognised based on the accounting for changes in estimates. The Group calculates the number of shares of employees’ stock bonus based on the fair value per share at the previous day of the stockholders’ meeting held in the year following the financial reporting year, after taking into account the effects of ex-rights and ex-dividends.

- (27) Employee share based payment

A. For the equity-settled share-based payment arrangements, the employee services received are measured at the fair value of the equity instruments granted at the grant date, and are recognised as compensation cost over the vesting period, with a corresponding adjustment to equity. The fair value of the equity instruments granted shall reflect the impact of market vesting conditions and non-market vesting conditions. Compensation cost is subject to adjustment based on the service conditions that are expected to be satisfied and the estimates of the number of equity instruments that are expected to vest under the non-market vesting conditions at each balance sheet date. Ultimately, the amount of compensation cost recognised is based on the number of equity instruments that eventually vest.
B. For the cash-settled share-based payment arrangements, the employee services received and the liability incurred are measured at the fair value of the liability to pay for those services, and are recognised as compensation cost and liability over the vesting period. The fair value of the liability shall be remeasured at each balance sheet date until settled at the settlement date, with any changes in fair value recognised in profit or loss.

(28) Income tax

A. The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or items recognised directly in equity, in which cases the tax is recognised in other comprehensive income or equity.
B. The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in accordance with applicable tax regulations. It establishes provisions where appropriate based on the amounts expected to be paid to the tax authorities. An additional 10% tax is levied on the unappropriated retained earnings and is recorded as income tax expense in the year the stockholders resolve to retain the earnings.
C. Deferred tax is recognised, using the balance sheet liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. However, the deferred tax is not accounted for if it arises from initial recognition of goodwill or of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled.
D. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. At each balance sheet date, unrecognised and recognised deferred tax assets are reassessed.
E. Current income tax assets and liabilities are offset and the net amount is reported in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. Deferred tax assets and liabilities are offset on the balance sheet when the entity has the legally enforceable right to offset current tax assets against current tax liabilities and they are levied by the same taxation authority on either the same entity or different entities that intend to settle on a net basis or realise the asset and settle the liability simultaneously.
F. Part of unused investment tax credits arising from expenditures incurred on acquisitions of equipment or technology, research and development are recognised as deferred income tax assets to the extent that is probable that future taxable profit will be available against the investment tax credits.

(29) Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or stock options are shown in equity as a deduction, net of tax, from the proceeds.

(30) Dividends

Dividends are recorded in the Company’s financial statements in the period in which they are approved by the Company’s shareholders. Cash dividends are recorded as liabilities.

(31) Revenue recognition

A. Sales of goods

The Group manufactures and sells computer information system, power supply, components and related products. Revenue is measured at the fair value of the consideration received or receivable taking into account the value-added tax, returns, rebates and discounts for the sale of goods to external customers in the ordinary course of the Group’s activities. Revenue

arising from the sales of goods should be recognised when the Group has delivered the goods to the customer, the amount of sales revenue can be measured reliably and it is probable that the future economic benefits associated with the transaction will flow to the entity. The delivery of goods is completed when the significant risks and rewards of ownership have been transferred to the customer, the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold, and the customer has accepted the goods based on the sales contract or there is objective evidence showing that all acceptance provisions have been satisfied.

B. Sales of services

The Group provides the installation of partial software and module services. Revenue is recognised based on the percentage of completion of the transaction at the balance sheet date, if all of the following conditions are met:

(a) The amount of the revenue can be measured reliably;
(b) It is probable that the economic benefits related to the transaction will flow to the enterprise;
(c) The costs incurred and to be incurred associated with the transaction can be measured reliably; and
(d) The degree of completion of the transaction can be measured reliably at the balance sheet date.

(32) Government grants

Government grants are recognised at their fair value only when there is reasonable assurance that the Group will comply with any conditions attached to the grants and the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises expenses for the related costs for which the grants are intended to compensate. Government grants related to property, plant and equipment are presented by deducting the grants from the asset’s carrying amount and are amortised to profit or loss over the estimated useful lives of the related assets as reduced depreciation expenses.

(33) Business combinations

A. The Group uses the acquisition method to account for business combinations. The consideration transferred for an acquisition is measured as the fair value of the assets transferred, liabilities incurred or assumed and equity instruments issued at the acquisition date, plus the fair value of any assets and liabilities resulting from a contingent consideration arrangement. All acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. There is a choice on an acquisition-by-acquisition basis to measure the non-controlling interest in the acquiree either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s identifiable

net assets.

B. The excess of the consideration transferred, the amount of any non-controlling interest in the acquiree and the fair value of any previous equity interest in the acquiree over the fair value of the identifiable assets acquired and the liabilities assumed is recorded as goodwill at the acquisition date. If the total of consideration transferred, non-controlling interest in the acquiree recognised and the fair value of previously held equity interest in the acquiree is less than the fair value of the identifiable assets acquired and the liabilities assumed, the difference is recognised directly in profit or loss on the acquisition date.

(34) Operating segments

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The Group’s chief operating decision-maker is responsible for allocating resources and assessing performance of the operating segments.

5. CRITICALACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

The preparation of these consolidated financial statements requires management to make critical judgements in applying the Group’s accounting policies and make critical assumptions and estimates concerning future events. Assumptions and estimates may differ from the actual results and are continually evaluated and adjusted based on historical experience and other factors. Such assumptions and estimates have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year; and the related information is addressed below:

(1) Critical judgements in applying the Group’s accounting policies

A. Financial assets-impairment of equity investments

The Group follows the guidance of IAS 39 to determine whether a financial asset-equity investment is impaired. This determination requires significant judgement. In making this judgement, the Group evaluates, among other factors, the duration and extent to which the fair value of an equity investment is less than its cost and the financial health of and short-term business outlook for the investee, including factors such as industry and sector performance, changes in technology and operational and financing cash flow. If the decline of the fair value of an individual equity investment below cost was considered significant or prolonged, the Group would suffer an additional loss of $8,404,184 in its 2014 financial statements, for the transfer of the accumulated fair value adjustments recognised in other comprehensive income on the impaired available-for-sale financial assets to profit or loss or the recognition of the impairment loss on the impaired financial assets measured at cost in profit or loss.

B. Investment property

The Group uses part of the property for its own use and part to earn rentals or for capital appreciation. When the portions cannot be sold separately, the property is classified as

investment property only if the own-use portion accounts for less than 20% of the property.

(2) Critical accounting estimates and assumptions

The Group makes estimates and assumptions based on the expectation of future events that are believed to be reasonable under the circumstances at the end of the reporting period. The resulting accounting estimates might be different from the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

A. Revenue recognition

In principle, sales revenues are recognised when the earning process is completed. The Group estimates discounts and returns based on historical results and other known factors. Provisions for such liabilities are recorded as a deduction item to sales revenues when the sales are recognised. The Group reassesses the reasonableness of estimates of discounts and returns periodically.

B. Impairment assessment of tangible and intangible assets (excluding goodwill)

The Group assesses impairment based on its subjective judgement and determines the separate cash flows of a specific group of assets, useful lives of assets and the future possible income and expenses arising from the assets depending on how assets are utilised and industrial characteristics. Any changes of economic circumstances or estimates due to the change of Group strategy might cause material impairment on assets in the future.

C. Impairment assessment of goodwill

The impairment assessment of goodwill relies on the Group’s subjective judgement, including identifying cash-generating units, allocating assets and liabilities as well as goodwill to related cash-generating units, and determining the recoverable amounts of related cash-generating units. Please refer to Note 6(11) for the information on goodwill impairment.

D. Impairment assessment of investments accounted for under the equity method

The Group assesses the impairment of an investment accounted for under the equity method as soon as there is any indication that it might have been impaired and its carrying amount is not recoverable. The Group assesses the recoverable amounts of an investment accounted for under the equity method based on the present value of the Group’s share of expected future cash flows of the investee, and analyzes the reasonableness of related assumptions.

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

TAILS OF SIGNIFICANT ACCOUNTS Cash and cash equivalents
Cash on hand Checking and demand deposits Time deposits Total	December 31,2014 6,052 $ 49,206,516 24,247,250 73,459,818 $	December 31,2013
		5,068 $ 22,951,196 36,067,606
		59,023,870 $

A. The Group associates with a variety of financial institutions all with high credit quality to disperse credit risk, so it expects that the probability of counterparty default is remote. The Group’s maximum exposure to credit risk at balance sheet date is the carrying amount of all cash and cash equivalents.
B. Details of the Group’s cash and cash equivalents pledged to others as collateral are provided in Note 8.

(2) Financial assets at fair value through profit or loss

Current items: Financial assets held for trading Listed stocks Convertible bonds Valuation adjustment of financial assets held for trading Total Non-current items: Financial assets designated as at fair value through profit or loss Convertible bonds Valuation adjustment of financial assets designated as at fair value through profit or loss on initial recognition Total	December31,2014 26,573 $ 4,500 31,073 8,553 39,626 $ December31,2014 96,700 $ 19,224 115,924 $	December31,2013
		22,979 $ 18,000
		40,979 41,770
		82,749 $
		December31,2013
		96,700 $ 13,110
		109,810 $

A. The Group recognised net gain on financial assets held for trading of $7,708 and $49,975 for the years ended December 31, 2014 and 2013, respectively. The Group recognised net gain on financial assets designated as at fair value through profit or loss on initial recognition of $8,471 and $20,868 for the years ended December 31, 2014 and 2013, respectively.
B. The counterparties of the Group’s private placement of convertible bonds are mostly listed companies in Taiwan and overseas. The Group expects that the counterparties of the private placement of convertible bonds that it invested in are not likely to default. The maximum exposure to credit risk at balance sheet date is the carrying amount of financial assets designated as at fair value through profit or loss on initial recognition.
C. The non-hedging derivative instrument transactions and contract information are as follows:

December 31, 2014

Forward exchange contracts: - Sell USD / Buy RMB - Buy USD / Sell EUR - Sell USD / Buy SGD - Buy USD / Sell SGD - Sell USD / Buy TWD - Sell EUR / Buy TWD - Sell USD / Buy JPY - Buy USD / Sell JPY - Sell USD / Buy EUR - Sell USD / Buy CZK - Buy USD / Sell RMB - Sell JPY / Buy USD - Sell USD / Buy HKD - Buy USD / Sell KRW Financial instruments	USD 584,500 EUR 3,000 SGD 17,469 SGD 631 USD 14,000 EUR 40 USD 2,500 USD 1,000 EUR 4,200 CZK 20,000 USD 102,000 JPY 1,500 HKD 95,395 USD 672 Contract amount (nominal principal) (in thousands)	Contractperiod
		103.10.16～104.06.30 103.09.25～104.03.30 103.01.23～104.11.04 103.04.03～104.01.14 103.10.16～104.02.25 103.12.11～104.02.04 103.11.14～104.02.09 103.12.02～104.01.20 103.10.30～104.02.12 103.12.03～104.01.22 103.12.05～104.03.25 103.12.16～104.03.04 103.11.24～104.05.13 103.11.18～104.02.06

December 31, 2013

Forward exchange contracts: - Sell USD / Buy RMB - Sell USD / Buy EUR - Sell USD / Buy CZK - Sell USD / Buy TWD - Sell JPY / Buy USD - Sell USD / Buy SGD - Sell EUR / Buy TWD - Sell USD / Buy JPY - Buy USD / Sell EUR - Buy USD / Sell KRW Financial instruments	USD 160,000 EUR 2,550 CZK 12,500 USD 9,200 JPY 2,000 SGD 11,736 EUR 50 USD 11,800 EUR 5,600 USD 900 Contract amount (nominal principal) (in thousands)	Contractperiod
		102.07.18～103.04.10 102.11.01～103.03.13 102.12.04～103.01.23 102.11.22～103.02.10 102.12.06～103.01.24 102.01.31～103.10.14 102.09.26～103.01.27 102.10.30～103.03.13 102.09.25～103.04.29 102.11.18～103.02.07

The Group entered into forward exchange contracts to manage exposures to foreign exchange rate fluctuations of import or export sales. However, the forward exchange transactions did not meet the criteria for hedge accounting. Therefore, the Group did not apply hedge accounting.

D. The Group has no financial assets at fair value through profit or loss pledged to others.

(3) Available-for-sale financial assets

Current items: Listed stocks Emerging stocks Valuation adjustment of available-for-sale financial assets	December31,2014 947,304 $ 36,526 295,506) ( 688,324 $	December31,2013 763,466 $ - 76,955) ( 686,511 $

Non-current items: Listed stocks Emerging stocks Unlisted stocks Accumulated impairment- available-for-sale financial assets Valuation adjustment of available-for-sale financial assets	December31,2014 4,594,911 $ 141,000 1,356,108 6,092,019 945,512 70,432) ( 6,967,099 $	December31,2013 4,090,714 $ 254,492 1,183,109 5,528,315 2,191,487 42,012) ( 7,677,790 $

A. The Group recognised fair value change in other comprehensive (loss) income of ($1,419,468) and $2,188,356 for the years ended December 31, 2014 and 2013, respectively.
B. The net asset value of the Group’s equity investment in WK Technology Fund V and WK Technology Fund VIII declined significantly to below its initial investment cost. Accordingly, the Group recognised impairment loss of $15,549 for the year ended December 31, 2014.
C. The net assets of the Group’s equity investment in HELIO Optoelectronics Corp. declined significantly to below its initial investment cost. Accordingly, the Group recognized impairment loss of $12,871 and $42,012 for the years ended December 31, 2014 and 2013, respectively.
D. The Group has no debt instruments available-for-sale financial assets.
E. As of December 31, 2014 and 2013, the Group has no available-for-sale financial assets pledged to others.

(4) Financial assets measured at cost

Non-current items: Unlisted stocks Accumulated impairment - financial assets measured at cost	December31,2014 773,911 $ 25,150) ( 748,761 $	December31,2013 424,525 $ 23,920) ( 400,605 $

Based on the Group’s intention, its stocks investment should be classified as available-for-sale financial assets. However, as those stocks are not traded in active market, and sufficient industry information of companies similar to stocks investment companies and their financial information cannot be obtained, the fair value of the stocks investment cannot be measured reliably. The Group classified those stocks as financial assets measured at cost.

(5) Hedge accounting

Hedge accounting
Items Current items: Forward foreign exchange contracts - cash flow hedge	December 31,2014 Assets (Liabilities) - $	December 31,2013
		Assets (Liabilities)
		10,696 $

A. The Group entered into derivative financial instruments contracts with a variety of financial institutions with high credit quality and the Group deals with several banks to disperse the credit risk. The maximum exposure to credit risk at balance sheet date is the carrying amount of derivative financial instruments for hedging.

B. Cash flow hedges

In order to prevent the risk resulting from future cash flow fluctuation due to foreign exchange rate fluctuations, the Group entered into foreign currency forward contracts which meet all criteria for hedge accounting. The related information is as follows:

	Designatedfor hedginginstruments	Designatedfor hedginginstruments	Designatedfor hedginginstruments		Period of
	Derivative				gain (loss)
	instruments			Period of	expected to be
Hedged	designated		Fairvalue	anticipated	recognized in
items	ashedges	December31,2013		cash flow	profitor loss
Receivables in	Forward exchange	($	2,644)	2014.03.18	2014.03.18
foreign currencies	contracts
Payables in	Forward exchange		13,340	2014.03.18	2014.03.18
foreign currencies	contracts			~2014.08.12	~2014.08.12

a) The hedged highly probable forecast transactions denominated in foreign currency are expected to occur during the next 12 months. Amounts accumulated in other comprehensive income as of December 31, 2014 are recycled into profit or loss in the period or periods when the hedged item affects profit or loss.
b) Information about gain or loss arising from cash flow hedges recognised in profit or loss and other comprehensive income:

other comprehensive income:
		Years ended	December	31,
Items		2014		2013
Amount of gain or loss adjusted in other	($	12,914)	$		13,151
comprehensive income
Amount of gain or loss transferred from	(	1,555)			28,260
other comprehensive income to profit
or loss

(6) Accounts receivable and overdue receivables

Accounts receivable and overdue receivables
December31,2014 Accounts receivable 43,711,298 $ Less: Allowance for doubtful accounts 755,087) ( ( 42,956,211 Overdue receivables (shown as other non-current assets) 80,029 Less: Allowance for doubtful accounts 80,029) ( ( 42,956,211 $	December31,2013
	41,694,257 $ 572,420)
	41,121,837
	75,700 75,700)
	41,121,837 $

A. The Group took out a credit insurance on the accounts receivable from certain main customers, whereby 90% of the receivable amount can be covered when the receivables are uncollectible.
B. The Group entered into an agreement with a financial institution to sell its accounts receivable. Under the agreement, the Group is not required to bear uncollectible risk of the underlying accounts receivable, but is liable for the losses incurred on any business dispute.

As of December 31, 2014 and 2013, the outstanding accounts receivable sold to the financial institution were as follows:

institution were as follows:
Purchaserof accountsreceivable Taishin International Bank Purchaserof accountsreceivable Taishin International Bank	December31,2014
	Accounts receivable sold Amount advanced 47,249 $ - $ December31,2013		Collateral
			None
	Accounts receivable sold 132,438 $	Amount advanced - $	Collateral
			None

C. The aging analysis of accounts receivable that were past due but not impaired is as follows:

Up to 90 days 91 to 180 days 181 to 365 days Over 365 days	December31,2014 2,554,237 $ 377,851 646,493 432,783 4,011,364 $	December31,2013
		2,170,070 $ 254,398 535,647 313,596
		3,273,711 $

The above aging analysis was based on past due date.

D. Movements on the Group’s provision for impairment of accounts receivable are as follows:

Movements on the Group’s provision for impairment of accounts receivable are as follows:	Movements on the Group’s provision for impairment of accounts receivable are as follows:	Movements on the Group’s provision for impairment of accounts receivable are as follows:
The credit quality of accounts receivable that were neither past due nor impaired was in following categories based on the Group’s credit quality control policy: Individual Group provision provision Total At January 1 75,700 $ 572,420 $ 648,120 $ Provision for impairment 8,464 241,083 249,547 Write-offs during the period 8,641) ( 84,026) ( 92,667) ( Net exchange differences 4,506 25,610 30,116 At December 31 80,029 $ 755,087 $ 835,116 $ 2014 Individual Group provision provision Total At January 1 70,383 $ 408,601 $ 478,984 $ Provision for impairment 5,795 171,701 177,496 Write-offs during the period 2,296) ( 1,271) ( 3,567) ( Effect of decrease in consolidated entities - 23,245) ( 23,245) ( Net exchange differences 1,818 16,634 18,452 At December 31 75,700 $ 572,420 $ 648,120 $ 2013 December31,2014 December31,2013 Group 1 26,956,282 $ 24,843,119 $ Group 2 11,988,565 13,005,007 38,944,847 $ 37,848,126 $
	$	24,843,119 13,005,007
	37,848,126 $

E. The credit quality of accounts receivable that were neither past due nor impaired was in the following categories based on the Group’s credit quality control policy:
Group 1: Medium to low risk customers: These customers include large enterprise groups which are operating well, financial transparency is high and approved by the headquarters’ credit controller as well as government and educational institutions.
Group 2: Normal risk customers: Customers other than the medium to low risk customers.
F. The maximum exposure to credit risk at December 31, 2014 and 2013 was the carrying amount of each class of accounts receivable.

(7) Inventories

Inventories
			December31,2014
				Allowance for
		Cost		valuation loss			Bookvalue
Raw materials	$	6,368,533	($	536,922)		$	5,831,611
Work in process		1,697,115			-		1,697,115
Finished goods		14,441,030	(	796,464)			13,644,566
Inventory in transit		398,683			-		398,683
	$	22,905,361	($	1,333,386)		$	21,571,975
			December31,2013
				Allowance for
		Cost		valuation loss			Book value
Raw materials	$	5,450,697	($	489,750)		$	4,960,947
Work in process		1,588,689			-		1,588,689
Finished goods		12,098,739	(	778,125)			11,320,614
Inventory in transit		171,579			-		171,579
	$	19,309,704	($	1,267,875)		$	18,041,829
				Years ended	December31,
				2014			2013
Cost of goods sold		$		137,107,429	$		131,377,438
Loss on long-term purchase contract				-			9,853
Provision for inventory obsolescence and
market price decline				131,583			246,504
Others				358,756			443,536
				137,597,768			132,077,331
Less: Cost of goods sold from discontinued
operations				-	(		1,650,665)
		$		137,597,768	$		130,426,666

(8) Investments accounted for under the equity method

A. Details of investments accounted for under the equity method are set forth below:

% (Note) Bookvalue 20.93 6,519,788 $ 26.93 254,160 41.00 292,213 34,175 7,100,336 $ December31,2014	December31,2013	December31,2013
% (Note) 20.93 26.93 41.00	% (Note) 20.93 30.97 32.11	Bookvalue
		6,051,355 $ 233,118 280,034 131,768
		6,696,275 $

Note: The percentage of ownership in associates represent the percentage of common shares held by the Group.
B. Share of profit (loss) of associates accounted for under the equity method are set forth below:

held by the Group. Share of profit (loss) of associates accounted	for under the equity method are set forth below:
Name of associates DET DPI, etc. (	2014 2013 1,070,975 $ 992,012 $ 90,987) 111,224) ( 979,988 $ 880,788 $ Years endedDecember31,
	2014 1,070,975 $ 90,987) ( 979,988 $

C. The financial statements of DET were reviewed by other independent accountants. Investments accounted for under the equity method in these companies amounted to $6,519,788 and $6,051,355 as of December 31, 2014 and 2013, and share of profit and other comprehensive income of associates accounted for under the equity method were $1,101,031 and $993,227 for the years ended December 31, 2014 and 2013, respectively.
D. The financial information of the Group’s principal associates is summarized below:

December31,2014 DET Amita DPI Others	Assets 36,982,505 $ 781,222 784,145 175,833 38,723,705 $	Liabilities 10,295,501 $ 429,491 725,498 3,892 11,454,382 $	Revenue Profit/(Loss) 41,879,493 $ 5,536,586 $ 600,183 27,537 1,419,449 51,370) ( 1 11,128) ( 43,899,126 $ 5,501,625 $

December31,2013 DET Amita DPI Others	Assets 33,675,899 $ 355,504 623,417 441,834 35,096,654 $	Liabilities 10,540,890 $ 145,974 519,378 11,384 11,217,626 $	Revenue Profit/(Loss) 40,809,811 $ 5,217,471 $ 212,373 76,423) ( 1,181,897 29,564) ( - 124,828 42,204,081 $ 5,236,312 $	Profit/(Loss)
				5,236,312 $

E. The Group’s investment in DET has quoted market price. The fair value of DET as of December 31, 2014 and 2013 was $17,800,959 and $12,761,160, respectively.

			Total	79,110,926		41,916,164)	37,194,762		37,194,762	5,531,856		5,542	188,844)	412,260)	6,464,508)	26,365)	1,174,576	36,814,759		81,304,144		44,489,385)	36,814,759
				$		(	$		$				(	(	(	(		$		$		(	$
Unfinished	construction	and equipment	under acceptance	757,920 $		-	757,920 $		757,920 $	2,081,625		-	21,946) (	985,013) (	-	-	981,114) (	851,472 $		851,472 $		-	851,472 $
			Others	7,942,014		6,316,021)	1,625,993		1,625,993	798,211		4,292	46,056)	259,580	1,134,018)	-	146,955	1,654,957		8,408,929		6,753,972)	1,654,957
				$		(	$		$				(		(			$		$		(	$
		Testing	equipment	9,928,498		8,664,472)	1,264,026		1,264,026	1,002,221		1,223	10,473)	29,056	873,497)	112)	99,885	1,512,329		10,350,897		8,838,568)	1,512,329
				$		(	$		$				(		(	(		$		$		(	$
		Machinery and	equipment	26,236,404 $		19,132,188) (	7,104,216 $		7,104,216 $	1,496,328		27	109,249) (	30,449	2,810,990) (	26,013) (	768,728	6,453,496 $		26,454,466 $		20,000,970) (	6,453,496 $
			Buildings	29,285,538		7,791,223)	21,494,315		21,494,315	153,471		-	1,120)	333,819	1,646,003)	240)	1,037,593	21,371,835		30,256,283		8,884,448)	21,371,835
				$		(	$		$				(		(	(		$		$		(	$
			Land	4,960,552		12,260)	4,948,292		4,948,292	-		-	-	80,151)	-	-	102,529	4,970,670		4,982,097		11,427)	4,970,670
				$		(	$		$					(				$		$		(	$
			At January 1, 2014	Cost	Accumulated depreciation and	impairment		2014	Opening net book amount	Additions	Acquired through business	combinations	Disposal	Transfer	Depreciation charge	Impairment loss	Net exchange differences	Closing net book amount	At December 31, 2014	Cost	Accumulated depreciation and	impairment

			Total	81,765,714		39,857,347)	41,908,367		6,629,921)	35,278,446		41,908,367	8,810,785	8,161	6,167,460)	452,750)	819,526)	7,123,284)	32,141)	1,062,610	37,194,762		79,110,926		41,916,164)	37,194,762
				$		(			(	$		$			(	(	(	(	(		$		$		(	$
Unfinished	construction	and equipment	under acceptance	4,771,034 $		-	4,771,034		1,836,513) (	2,934,521 $		4,771,034 $	1,024,867	-	659,813) (	-	4,253,365) (	-	-	124,803) (	757,920 $		757,920 $		-	757,920 $
			Others	7,296,759		5,725,707)	1,571,052		207,319)	1,363,733		1,571,052	969,101	4,405	485,281)	58,751)	637,274	1,090,231)	-	78,424	1,625,993		7,942,014		6,316,021)	1,625,993
				$		(			(	$		$			(	(		(			$		$		(	$
		Testing	equipment	9,439,403		7,924,944)	1,514,459		60,633)	1,453,826		1,514,459	863,111	3,756	67,236)	66,812)	46,603	1,088,767)	61)	58,973	1,264,026		9,928,498		8,664,472)	1,264,026
				$		(			(	$		$			(	(		(	(		$		$		(	$
		Machinery and	equipment	28,388,711 $		18,986,732) (	9,401,979		2,609,463) (	6,792,516 $		9,401,979 $	2,894,933	-	3,299,181) (	324,006) (	1,271,134	3,244,341) (	32,080) (	435,778	7,104,216 $		26,236,404 $		19,132,188) (	7,104,216 $
			Buildings	27,289,755		7,205,436)	20,084,319		1,915,993)	18,168,326		20,084,319	2,472,266	-	1,655,949)	3,181)	1,634,799	1,699,945)	-	662,006	21,494,315		29,285,538		7,791,223)	21,494,315
				$		(			(	$		$			(	(		(			$		$		(	$
			Land	4,580,052		14,528)	4,565,524		-	4,565,524		4,565,524	586,507	-	-	-	155,971)	-	-	47,768)	4,948,292		4,960,552		12,260)	4,948,292
				$		(				$		$					(			(	$		$		(	$
			At January 1, 2013	Cost	Accumulated depreciation and	impairment		Less: Classified as non-current assets	held for sale		2013	Opening net book amount	Additions	Acquired through business combinations	Effect of decrease in consolidated entities	Disposals	Transfer	Depreciation charge	Impairmemt loss	Net exchange differences	Closing net book amount	At December 31, 2013	Cost	Accumulated depreciation and	impairment

(10) Investment property

At January 1, 2014
Cost
Accumulated depreciation
and impairment
2014
Opening net book amount
Reclassifications
Depreciation charge
Closing net book amount
At December 31, 2014
Cost
Accumulated depreciation
and impairment
At January 1, 2013
Cost
Accumulated depreciation
and impairment
2013
Opening net book amount
Additions (from purchase)
Disposals
Reclassifications
Depreciation charge
Closing net book amount
At December 31, 2013
Cost
Accumulated depreciation
and impairment

Land
Buildings
Total
385,573
$ 3,573,416
$ 3,958,989
$ -
1,998,536)
(
1,998,536)
(
385,573
$ 1,574,880
$ 1,960,453
$ 385,573
$ 1,574,880
$ 1,960,453
$ 80,151
332,109
412,260
-
148,865)
(
148,865)
(
465,724
$ 1,758,124
$ 2,223,848
$ 465,724
$ 4,321,469
$ 4,787,193
$ -
2,563,345)
(
2,563,345)
(
465,724
$ 1,758,124
$ 2,223,848
$ Land
Buildings
Total
229,602
$ 2,109,236
$ 2,338,838
$ -
1,106,703)
(
1,106,703)
(
229,602
$ 1,002,533
$ 1,232,135
$ 229,602
$ 1,002,533
$ 1,232,135
$ -
12,782
12,782
-
225)
(
225)
(
155,971
663,555
819,526
-
103,765)
(
103,765)
(
385,573
$ 1,574,880
$ 1,960,453
$ 385,573
$ 3,573,416
$ 3,958,989
$ -
1,998,536)
(
1,998,536)
(
385,573
$ 1,574,880
$ 1,960,453
$

A. Rental income from the lease of the investment property and direct operating expenses arising from the investment property are shown below:

Rental revenue from the lease of the investment property Direct operating expenses arising from the investment property that generated rental income for the period Direct operating expenses arising from the investment property that did not generate rental income for the period	Years endedDecember31,	Years endedDecember31,
	2014 234,352 $ - $ 23,035 $	2013
		109,997 $
		- $
		12,755 $

B. The fair value of the investment property held by the Group as at December 31, 2014 and 2013 was $2,470,502 and $2,031,366, respectively, which was revalued by independent appraisers. Valuations were made using the market approach.

Total	13,530,547	2,672,671)	10,857,876		10,857,876	400,617	1,254,809	-	1,022,608)	28,435)	243,756	11,706,015		15,261,726	3,555,711)	11,706,015
	$	(	$		$				(	(		$		$	(	$
Others	1,381,174	547,710)	833,464		833,464	397,044	-	1,006	380,415)	-	1,535)	849,564		1,637,465	787,901)	849,564
	$	(	$		$				(		(	$		$	(	$
Relationship	3,784,422	1,280,410)	2,504,012		2,504,012	-	1,251,533	-	448,453)	1,172)	137,234	3,443,154		5,207,669	1,764,515)	3,443,154
	$	(	$		$				(	(		$		$	(	$
Goodwill	6,906,772	-	6,906,772		6,906,772	-	3,276	-	-	27,263)	107,652	6,990,437		6,989,919	518	6,990,437
	$		$		$							$		$		$
										(
Patents	1,045,014	840,984)	204,030		204,030	3,573	-	1,006)	190,447)	-	405	16,555		1,013,508	996,953)	16,555
	$	(	$		$			(	(			$		$	(	$
Trademarks	413,165	3,567)	409,598		409,598	-	-	-	3,293)	-	-	406,305		413,165	6,860)	406,305
	$	(	$		$				(			$		$	(	$
At January 1, 2014	Cost	Accumulated depreciation and impairment		2014	Opening net book amount	Additions-acquired separately	Additions-acquired through business combinations	Reclassifications	Amortization	Impairment loss	Net exchange differences	Closing net book amount	At December 31, 2014	Cost	Accumulated depreciation and impairment

Total	12,790,063	1,847,241)	10,942,822		5,009)	10,937,813		10,942,822	398,634	551,389	10,425)	1,114,557)	90,013	10,857,876		13,530,547	2,672,671)	10,857,876
	$	(			(	$		$			(	(		$		$	(	$
Others	795,921	386,488)	409,433		5,009)	404,424		409,433	394,183	524,691	10,425)	493,748)	9,330	833,464		1,381,174	547,710)	833,464
	$	(			(	$		$			(	(		$		$	(	$
Relationship	3,684,059	820,654)	2,863,405		-	2,863,405		2,863,405	4,451	20,411	-	419,234)	34,979	2,504,012		3,784,422	1,280,410)	2,504,012
	$	(				$		$				(		$		$	(	$
Goodwill	6,856,128	-	6,856,128		-	6,856,128		6,856,128	-	6,287	-	-	44,357	6,906,772		6,906,772	-	6,906,772
	$					$		$						$		$		$
Patents	1,040,791	639,825)	400,966		-	400,966		400,966	-	-	-	198,283)	1,347	204,030		1,045,014	840,984)	204,030
	$	(				$		$				(		$		$	(	$
Trademarks	413,164	274)	412,890		-	412,890		412,890	-	-	-	3,292)	-	409,598		413,165	3,567)	409,598
	$	(				$		$				(		$		$	(	$
At January 1, 2013	Cost	Accumulated depreciation and impairment		Less: Classified as non-current assets	held for sale		2013	Opening net book amount	Additions - acquired separately	Additions - acquired through business combinations	Effect of decrease in consolidated entities	Amortization	Net exchange differences	Closing net book amount	At December 31, 2013	Cost	Accumulated depreciation and impairment

A. Details of amortisation on intangible assets are as follows:

Details of amortisation on intangible assets	are as follows:	are as follows:
Operating costs Selling expenses Administrative expenses Research and development expenses	Years endedDecember31,
	2014 30,917 $ 368,529 159,027 464,135 1,022,608 $	2013
		32,655 $ 317,344 240,695 523,863
		1,114,557 $

B. The Group bought registered or under-application trademarks rights such as 、、 VIVITEK 、麗訊 and totaling $413,164 from Luxeon International
Holding Ltd. in the fourth quarter of 2012. Trademarks registered in certain countries are assessed to have finite useful lives. The remaining trademarks which have indefinite useful lives shall not be amortized but are tested for impairment annually.
C. Goodwill and trademarks with indefinite useful lives are allocated as follows to the Group’s cash-generating units identified according to operating segment:

Goodwill: Cyntec and its subsidiaries DGC Others Trademarks: Smart green life business	December31,2014 5,124,137 $ 1,834,985 31,315 6,990,437 $ 386,823 $	December31,2013
		5,124,137 $ 1,728,016 54,619
		6,906,772 $
		386,823 $

Acquisition prices in business combination are calculated by the price of acquisition and direct costs for related acquisition. The amount of goodwill recognised is the difference of the acquisition prices less net fair value of identifiable assets acquired. The amortisation duration of acquisition price may not exceed one year after the acquisition.

D. Goodwill and trademarks with indefinite useful lives are allocated to the Group’s cash-generating units identified according to operating segment. The recoverable amount of all cash-generating units has been determined based on value-in-use calculations. These calculations use pre-tax cash flow projections based on financial budgets approved by the management covering a five-year period.

The recoverable amount of all cash-generating units calculated using the value-in-use exceeded their carrying amount, so goodwill and indefinite useful lives trademarks were not impaired. The key assumptions used for value-in-use calculations are gross margin, growth rate and discount rate.

Management determined budgeted gross margin based on past performance and its expectations of market development. The weighted average growth rates used are consistent with the forecasts included in industry reports. The discount rates used are pre-tax and reflect specific risks relating to the relevant operating segments.

E. The subsidiary – Ayecom Technology Co., Ltd. was merged into Delta Networks., Ltd. (Taiwan) starting from the effective date of consolidation of January 1, 2015. The Group has assessed and recognised impairment loss on goodwill and customer relationship of $28,435 for the year ended December 31, 2014.
(12) Non-current assets held for sale and discontinued operations
A. On December 19, 2012, the Board of Directors of DelSolar and Neo Solar Power Corporation (NSP) resolved to merge both companies through share exchange. Each common share of DelSolar will be converted into 0.735 share of NSP. DelSolar will be the dissolved company and NSP will be the surviving company after the consolidation. The effective date was May 31, 2013. DelSolar meets the criteria of the subsidiary classified as held for sale due to the merger through share exchange. The assets, liabilities and equity relating to DelSolar classified as disposal group as held for sale meets the definition of discontinued operations to be presented in discontinued operations. The disposal group classified as held for sale originally belonged to energy management business.

Analysis of the result and cash flows of discontinued operations, and the result recognized on the remeasurement of assets or disposal group, is as follows:

			For the period from
			January1 toMay 31,2013
Operating revenue		$	1,219,537
Operating costs and expenses	(		1,930,290)
Total non-operating income and expenses			8,368
Loss before tax from discontinued operations	(		702,385)
Income tax expense	(		13,170)
Loss from discontinued operations, net	(		715,555)
Pre-tax gain recognized on the remeasurement of assets
of disposal group			809,194
Pre-tax gain recognized on the disposal of disposal
group			25,989
Income tax			-
Gain recognized on the remeasurement of assets of
disposal group, net of tax and on the disposal of
disposal group			835,183
Total profit from discontinued operations		$	119,628

Other non-current assets Short-term borrowings Financial liabilities at fair value through profit or loss For the period from January1 toMay 31,2013 Cash flows from operating activities 153,587 $ Cash flows from investing activities 365,185) ( Cash flows from financing activities 515,024) ( Effect on exchange rate changes 85,091 Total cash flows 641,531) ($ December31,2014 December31,2013 Long-term prepaid rent 1,296,245 $ 1,281,917 $ Prepayments for business facilities 1,030,137 925,750 Guarantee deposits paid 121,209 174,999 Cash surrender value of life insurance 111,650 112,832 Prepayments for investments - 38,000 Others 100,187 106,455 2,659,428 $ 2,639,953 $ December31,2014 December31,2013 Unsecured bank loans 5,801,298 $ 4,561,722 $ Credit lines 83,349,486 $ 83,452,252 $ Interest rate per annum 0.53%~2.16% 0.45%~2.21% December31,2014 December31,2013 Current item: Valuation adjustment of non- hedging derivatives 51,606 $ 16,883 $	Other non-current assets Short-term borrowings Financial liabilities at fair value through profit or loss For the period from January1 toMay 31,2013 Cash flows from operating activities 153,587 $ Cash flows from investing activities 365,185) ( Cash flows from financing activities 515,024) ( Effect on exchange rate changes 85,091 Total cash flows 641,531) ($ December31,2014 December31,2013 Long-term prepaid rent 1,296,245 $ 1,281,917 $ Prepayments for business facilities 1,030,137 925,750 Guarantee deposits paid 121,209 174,999 Cash surrender value of life insurance 111,650 112,832 Prepayments for investments - 38,000 Others 100,187 106,455 2,659,428 $ 2,639,953 $ December31,2014 December31,2013 Unsecured bank loans 5,801,298 $ 4,561,722 $ Credit lines 83,349,486 $ 83,452,252 $ Interest rate per annum 0.53%~2.16% 0.45%~2.21% December31,2014 December31,2013 Current item: Valuation adjustment of non- hedging derivatives 51,606 $ 16,883 $
	1,281,917 $ 925,750 174,999 112,832 38,000 106,455
	2,639,953 $
	December31,2013
	4,561,722 $
	83,452,252 $
	0.45%~2.21%
	December31,2013
Current item: Valuation adjustment of non- hedging derivatives
	16,883 $

(13) Other non-current assets

(14) Short-term borrowings

(15) Financial liabilities at fair value through profit or loss

A. The Group recognized net (loss) gain of ($72,100) and $4,576 for the years ended December 31, 2014 and 2013, respectively.
B. The non-hedging derivative instruments transaction and contract information are provided in Note 6(2)C.

The Group entered into forward exchange contracts to manage exposures to foreign exchange rate fluctuations of import or export sales. However, these transactions did not meet all the criteria for hedge accounting. Therefore, the Group did not apply the hedge accounting.

Type ofborrowings Credit loans Less: Current portion (shown as other current liabilities) ( Credit lines Interest rate per annum	December31,2014 26,520,214 $ 52,111) ( 26,468,103 $ 33,892,214 $ 0.43%~0.90%	December31,2013 18,908,043 $ 80,379) 18,827,664 $ 26,863,542 $ 0.43%~1.5%

As of December 31, 2014, the revolving loans of $26,366,000 can be drawn down during the period from May 30, 2014 to December 31, 2016 and are payable before the due date under the agreement.

(17) Pensions

A. a) The Group has a defined benefit pension plan as follows:
i. The Company and its domestic subsidiaries have a defined benefit pension plan in accordance with the Labor Standards Law, covering all regular employees’ service years prior to the enforcement of the Labor Pension Act on July 1, 2005 and service years thereafter of employees who chose to continue to be subject to the pension mechanism under the Law. Under the defined benefit pension plan, two units are accrued for each year of service for the first 15 years and one unit for each additional year thereafter, subject to a maximum of 45 units. Pension benefits are based on the number of units accrued and the average monthly salaries and wages of the last 6 months prior to retirement. The Company contributes monthly an amount equal to 2% of the employees’ monthly salaries and wages to the retirement fund deposited with Bank of Taiwan, the trustee, under the name of the independent retirement fund committee.
ii. Certain subsidiaries located in Mainland China maintain defined benefit retirement (resignation) plans with relative contribution scheme. The employees and the subsidiaries contribute an amount relatively based on a certain percentage of the monthly basic salary depending on the employee’s position. When an employee retires or resigns, the total contribution from the employee is reimbursed based on the accumulated contribution (without interest) less withdrawals made by the employee in advance during the service period. The employee is also entitled to receive benefits calculated based on the accumulated contribution (without interest) from the related subsidiary multiplied by the approved benefit percentage for the employee’s service years less withdrawals made by the employee in advance during the service period.

b) The amounts recognised in the balance sheet are as follows:

				December31,	December31,	December31,
				2014			2013
	Present value of funded defined benefit	($		3,978,106)	($		4,079,520)
	obligations
	Fair value of plan assets			644,925			687,276
	Present value of unfunded defined benefit
	obligations	(		3,333,181)	(		3,392,244)
	Unrecognised actuarial losses/(gains)			-			-
	Unrecognised past service cost	(		109,617)			7,398
	Net liability in the balance sheet			-			-
		($		3,442,798)	($		3,384,846)
c)	Movements in present value of defined benefit			obligations are as follows:
				2014			2013
	Present value of defined benefit
	obligations
	At January 1	$		4,079,520	$		4,198,165
	Current pension costs			119,298			119,763
	Actuarial gain (loss)	(		151,654)	(		205,584)
	Exchange difference			46,448			46,200
	Benefits paid	(		110,623)	(		78,881)
	Settlement	(		4,883)	(		143)
				3,978,106			4,079,520
	Classified as non-current assets held for
	sale			-			-
			$	3,978,106		$	4,079,520
d)	Movements in fair value of plan assets:
				2014			2013
	Fair value of plan assets
	At January 1		$	687,276		$	696,559
	Expected return on plan assets			12,060			10,725
	Actuarial gain (loss)			3,994	(		1,882)
	Employer contributions			49,258			49,166
	Benefits paid	(		107,663)	(		63,642)
	Decrease due to consolidated
	subsidiaries			-	(		3,650)
				644,925			687,276
	Classified as non-current assets held for
	sale			-	(		3,650)
			$	644,925		$	683,626

e) Amounts of expenses recognised in statements of comprehensive income:

		Years ended	December	31,
		2014		2013
Current service cost	$	109,548	$		129,359
Interest cost		79,347			63,583
Expected return on plan assets	(	10,240)	(		10,725)
Actuarial gain (loss)		1,863			-
Profit (loss) arising from curtailment or settlement	(	3,731)			-
Current pension cost	$	176,787	$		182,217

Details of cost and expenses recognised in statements of comprehensive income are as follows:

Cost of sales Selling expenses General and administrative expenses Research and development expenses	Years endedDecember31,	Years endedDecember31,
	2014 73,393 $ 10,523 40,564 52,307 176,787 $	2013
		67,980 $ 11,506 50,481 52,250
		182,217 $

f) i. The Bank of Taiwan was commissioned to manage the Fund of the Company’s and domestic subsidiaries’ defined benefit pension plan in accordance with the Fund’s annual investment and utilisation plan and the “Regulations for Revenues, Expenditures, Safeguard and Utilisation of the Labor Retirement Fund” (Article 6: The scope of utilisation for the Fund includes deposit in domestic or foreign financial institutions, investment in domestic or foreign listed, over-the-counter, or private placement equity securities, investment in domestic or foreign real estate securitization products, etc.). With regard to the utilisation of the Fund, its minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. The composition of fair value of plan assets as of December 31, 2014 and 2013 is given in the Annual Labor Retirement Fund Utilisation Report published by the government. Expected return on plan assets was a projection of overall return for the obligations period, which was estimated based on historical returns and by reference to the status of Labor Retirement Fund Utilisation by the Labor Pension Fund Supervisory Committee and taking into account the effect that the Fund’s minimum earnings in the annual distributions on the final financial statements shall be no less than the earnings attainable from the amounts accrued from two-year time deposits with the interest rates offered by local banks. The actual return on plan assets of the Company’s and domestic subsidiaries’ for the years ended December 31, 2014 and 2013 were $16,135 and $8,843,
ii. The defined benefit pension plans maintained by the subsidiaries located in Mainland China do not have plan assets.
g) The principal actuarial assumptions used were as follows:

Discount rate Future salary increases Expected return on plan assets	Years endedDecember31,	Years endedDecember31,
	2014 1.875%~4% 3%~3.5% 1.75%	2013
		1.75%~4.5%
		3%~3.5%
		1.75%

Assumptions regarding future mortality experience are set based on actuarial advice in accordance with published statistics and experience in each territory.

h) Historical information of experience adjustments was as follows:

		Years endedDecember	Years endedDecember	Years endedDecember	31,
		2014		2013		2012
Present value of defined benefit	($	4,008,199)	($	4,079,520)	($	4,198,165)
obligation
Fair value of plan assets		644,925		687,276		696,559
Surplus/(deficit) in the plan	($	3,363,274)	($	3,392,244)	($	3,501,606)
Experience adjustments on plan
liabilities	$	38,534	$	12,492	($	24,360)
Experience adjustments on plan
assets	$	4,260	($	3,001)	($	6,907)

i) Expected contributions to the defined benefit pension plans of the Group within one year from December 31, 2014 are $54,156.
B. a) Effective July 1, 2005, the Company and its domestic subsidiaries have established a defined contribution pension plan (the “New Plan”) under the Labor Pension Act, covering all regular employees with R.O.C. nationality. Under the New Plan, the Company and its domestic subsidiaries contribute monthly an amount based on 6% of the employees’ monthly salaries and wages to the employees’ individual pension accounts at the Bureau of Labor Insurance. The benefits accrued are paid monthly or in lump sum upon termination of employment. The pension costs under the defined contribution pension plans of the Company and its domestic subsidiaries for the years ended December 31, 2014 and 2013 were $267,404 and $253,168, respectively.
b) Other overseas companies have defined contribution plans in accordance with the local regulations.

(18) Share-based payment

A. a) As of December 31, 2013, the Company’s share-based payment arrangements were as follows:

ollows:
Type of arrangement First employee stock options compensation plan of the Company Second employee stock options compensation plan of Cyntec assumed by the Company "	Grantdate 2007.12.18 2007.12.03 2007.12.27	Quantity granted 60,000,000 5,355,070 (Note B) 254,195 (Note B)	Contract period 6 years 6 years 6 years	Vesting conditions
				(Note A) " "

Note A: Two years’ service vested 40%; three years’ service vested 70%; four years’ service vested 100%.
Note B: Quantity granted is calculated based on the share conversion ratio between the Company and Cyntec.
b) Details of the above share-based payment arrangements are as follows:
i. First employee stock options compensation plan of the Company

			YearendedDecember31,2013	YearendedDecember31,2013	YearendedDecember31,2013
				Weighted-average
			No. of		exercise price
			shares	(indollars) (Note)
Options	outstanding at beginning of the year		15,910,798	$	70.1
Options	granted		-		-
Options	exercised	(	15,701,418)		68.4
Options	forfeited	(	209,380)		68.1
Options	outstanding at end of the year (Note)		-	$	-
Options	exercisable at end of the year		-

Note: Weighted-average exercise price of options outstanding at beginning of year was adjusted due to the change in common stock after taking into account stock dividends and employees’ bonus distributed.
ii. Second employee stock options compensation plan of Cyntec assumed by the Company

Year ended December 31, 2013

No. of shares Options outstanding at beginning of the year 642,079 Options granted - Options exercised 641,922) ( Options forfeited 157) ( Options outstanding at end of the year (Note) - Options exercisable at end of the year (Note) -	Weighted-average exercise price (indollars)(Note)
	36.59 $ - 35.76 35.19
	- $

Note: Weighted-average exercise price of options outstanding at beginning of year was adjusted due to the change in common stock after taking into account stock dividends and employees’ bonus distributed.
c) The weighted-average stock price of stock options at exercise dates for the year ended December 31, 2013 was $135.3 (in dollars).
d) As of December 31, 2013, the Company’s share-based payment arrangements were all expired.
e) Information on estimation of fair value of employee stock options of Cyntec assumed by the Company using the Black-Scholes option-pricing model on the grant date are as follows:

Type of Grant arrangement date ( Second employee 2007.12.03	Stock price in dollars) ( 100.5 $	Exercise price in dollars) 41.8 $	Expected price Expected volatility vesting (Note) period 40.23% 2.33 years	Expected Weighted- dividend Risk-free average yield interest fair value rate rate (in dollars) 0.00% 0.853% 60.7591 $

stock options

compensation

plan of Cyntec assumed by the Company " 2007.12.27 100.5 41.4 40.23% 2.48 years 0.00% 0.877% 61.3189

Note: Expected price volatility rate was estimated by using the stock prices of the most recent period with length of this period approximate to the length of the stock options’ expected life, and the standard deviation of return on the stock during this period.

B. NEM’s share-based payment transactions

a) For the years ended December 31, 2014 and 2013, NEM’s share-based payment transactions are set forth below:

Type of Grant arrangement date First employee 2009.11.25 stock options compensation plan Second 2010.04.30 employee stock options compensation plan Third employee 2010.12.21 stock options compensation plan Fourth employee 2011.12.21 stock options compensation plan Fifth employee 2012.12.10 stock options compensation plan Sixth employee 2013.03.11 stock options compensation plan Seventh employee 2013.07.29 stock options compensation plan Eighth employee 2013.10.28 stock options compensation plan Ninth employee 2014.04.29 stock options compensation plan	Quantity Contract granted period Vesting conditions 572,600 8 years Two years’ service vested 50%; three years’ service vested 75%; four years’ service vested 100% 590,000 8 years 〃 388,000 8 years 〃 1,299,400 8 years 〃 847,000 8 years 〃 155,000 8 years 〃 40,000 8 years 〃 65,000 8 years 〃 1,433,600 8 years 〃	Vesting conditions

b) Details of the employee stock options compensation plan of NEM are set forth below:

Years ended December 31,

Weighted- average No. of exercise price shares (indollars) 2,623,400 10 $ 1,433,600 10 - - 1,172,000) 10 ( 2,885,000 10 $ 1,006,800 2014	2013	2013
No. of shares 2,623,400 1,433,600 - 1,172,000) 2,885,000 1,006,800	No. of shares 2,605,400 260,000 - 242,000) 2,623,400 1,062,950	Weighted- average exercise price (indollars)
		10 $ 10 - 10
		10 $

c) The expiry date and exercise price of stock options outstanding at balance sheet date are as follows:

follows:
Issue date approved	Expiry date 2017.11.24 2018.04.29 2018.12.20 2019.12.20 2020.12.09 2021.03.10 2021.07.28 2021.10.27 2022.04.28	December	Exercise price (indollars) 10 $ 10 10 10 10 10 10 10 10 31,2014	December	31,2013
		No. of shares 157,000 125,000 288,000 194,400 582,000 155,000 40,000 65,000 1,278,000		No. of shares 317,000 157,000 328,000 764,400 797,000 155,000 40,000 65,000 -	Exercise price (indollars)
2009.11.25 2010.04.30 2010.12.21 2011.12.21 2012.12.10 2013.03.11 2013.07.29 2013.10.28 2014.04.29					10 $ 10 10 10 10 10 10 10 -

d) The fair value of employee stock options of NEM granted on grant date is measured using the Black-Scholes option-pricing model. Relevant information is as follows:

Expected Stock Exercise price Exercise Type of Grant price (in price (in volatility option Expected arrangement date dollars) dollars) (Note) life dividends First 2009.11.25 3.49 $ 10 $ 55.50% 5.375 years 0% Second 2010.04.30 5.27 10 51.68% 5.38 years 0% Third 2010.12.21 6.87 10 48.62% 5.38 years 0% Fourth 2011.12.21 4.81 10 50.18% 5.38 years 0% Fifth 2012.12.10 2.85 10 47.48% 5.38 years 0% Sixth 2013.03.11 2.79 10 49.57% 5.38 years 0% Seventh 2013.07.29 1.44 10 47.81% 5.38 years 0% Eighth 2013.10.28 1.46 10 46.28% 5.38 years 0% Ninth 2014.04.29 0.23 10 43.34% 5.38 years 0%	Risk-free interest rate 1.25% 1.30% 1.13% 1.09% 0.99% 1.19% 1.23% 1.31% 1.17%	Fair value per unit (in dollars)
		0.8315 $ 1.5746 2.3217 1.2495 0.3621 0.3984 0.0707 0.0632 0.0001

Note: Expected price volatility rate was estimated by using the stock prices of the most recent period with length of this period approximate to the length of the stock options’ expected life, and the standard deviation of return on the stock during this period.
C. Expenses incurred on share-based payment transactions are shown below:

		Years ended	December	31,
		2014		2013
Equity-settled	($	88)	$		1,278
Cash-settled		-			-
	($	88)	$		1,278

(19) Share capital

A. In accordance with the Company’s Articles of Incorporation, the total authorized common stock is 2.7 billion shares (including 100 million shares for stock warrants conversion). As of December 31, 2014, the total issued and outstanding common stock was 2,437,543 thousand shares with par value of $10 (in dollars) per share.

Reconciliation for number of common shares outstanding from the beginning to the end of year:

year:
At January 1 Employee stock options exercised At December 31	2014(Note) 2,437,543 - 2,437,543	2013 (Note)
		2,421,178 16,365
		2,437,543

Note: In thousand shares.

B. On December 20, 2004, the Board of Directors of the Company adopted a resolution that allowed certain stockholders to issue 16 million units of global depository receipts (GDRs), represented by 80 million shares of common stock (Deposited Shares), with one unit of GDR representing 5 shares of common stock. After obtaining approval from SFB, these GDRs were listed on the Securities Exchange of Luxembourg, with total proceeds of US$134,666 thousand. The issuance of GDRs was represented by outstanding shares, therefore, there is no dilutive effect on the common shares’ equity. The main terms and conditions of the GDRs are as follows:
a. Voting rights

GDR holders may, pursuant to the Depositary Agreement and the relevant laws and regulations of the R.O.C., exercise the voting rights pertaining to the underlying common shares represented by the GDRs.

b. Redemption of GDRs

For sales and redemption of the underlying common shares represented by the GDRs when the holders of the GDRs request the Depositary to redeem the GDRs in accordance with the relevant R.O.C. regulations and the provisions in the Depositary Agreement, the Depositary may (i) deliver the underlying common shares represented by the GDRs to the GDR holders, or (ii) sell the underlying common shares represented by the GDRs in the R.O.C. stock market on behalf of the GDR holder. The payment of proceeds from such sale shall be made subject to the relevant R.O.C. laws and regulations and the provisions in the Depositary Agreement.

c. Distribution of dividends, preemptive rights and other rights
Distribution of dividends, preemptive rights and other rights and interests of GDR units bear the same rights as common shares.
d. After considering the stock dividend distribution year by year, as of December 31, 2014, there were 1,149 thousand units outstanding, representing 5,745 thousand common shares of the Company’s common stock.

(20) Capital surplus

Pursuant to the R.O.C. Company Law, capital surplus arising from paid-in capital in excess of par value on issuance of common stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their share ownership, provided that the Company has no accumulated deficit. Further, the R.O.C. Securities and Exchange Law requires that the amount of capital surplus to be capitalised mentioned above should not exceed 10% of the paid-in capital each year. Capital surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.

(21) Retained earnings

A. Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall be distributed in the following order:
a. Payment of all taxes and dues.
b. Offset against prior years' operating losses, if any.
c. Set aside 10% of the remaining amount as legal reserve, unless the accumulated amount of the legal reserve has reached the total authorized capital of the Company.
d. Setting aside or reversing a special reserve according to relevant regulations when necessary.
e. The amount of distributable earnings after deducting items a, b, c and d, plus beginning undistributed earnings (the earnings), shall be distributed in the following percentage according to the resolution approved at the stockholders’ meeting:
- (a) Directors' remuneration: up to 1% of the earnings.
- (b) Employees' bonus: at least 3% of the earnings. The Company can issue the employee stock bonus to qualified employees of subsidiaries. The related regulations should be authorized by the Company’s Board of Directors or authorized person.
- (c) Stockholders' bonus: balance of the earnings after deducting (a) and (b).
B. The Company’s dividend policy is summarized below: as the Company operates in a volatile business environment and is in the stable growth stage, the residual dividend policy is adopted taking into consideration the Company’s financial structure, operating results and future expansion plans. According to the dividend policy adopted by the Board of Directors, at least 50% of the Company’s distributable earnings as of the end of the period shall be appropriated as dividends, and cash dividends shall account for at least 5% of the total dividends distributed.
C. Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the legal reserve shall not be used for any other purpose. The use of legal reserve for the issuance of stocks or cash to shareholders in proportion to their share ownership is permitted, provided that the distribution of the reserve is limited to the portion in excess of 25% of the Company’s paid-in capital.
D. a) In accordance with the regulations, the Company shall set aside special reserve from the debit balance on other equity items at the balance sheet date before distributing earnings. When debit balance on other equity items is reversed subsequently, the reversed amount could be included in the distributable earnings.
b) The amounts previously set aside by the Company as special reserve on initial application of IFRSs in accordance with Jin-Guan-Zheng-Fa-Zi Letter No. 1010012865, dated April 6, 2012, shall be reversed proportionately when the relevant assets are used, disposed of or reclassified subsequently. Such amounts are reversed upon disposal or reclassified if the

assets are investment property of land, and reversed over the use period if the assets are investment property other than land.

E. a) The appropriations of 2013 and 2012 earnings had been approved by the shareholders during their meeting on June 10, 2014 and June 7, 2013, respectively. Details are summarized below:

Dividends Dividends Amount per share Amount per share (NoteA) (indollars) (NoteB) (indollars) Appropriation for legal 1,777,620 $ 1,610,954 $ reserve (Reversal of) appropriation 3,546,949) ( 1,918,413 for special reserve Cash dividends 14,137,751 5.8 $ 12,843,222 5.29101501 $ 2013 2012 Years endedDecember31,	Years endedDecember31,	Years endedDecember31,	Years endedDecember31,
		2012
		Amount (NoteB) 1,610,954 $ 1,918,413 12,843,222	Dividends per share (indollars)
			5.29101501 $

Note A: The shareholders during their meeting had approved to distribute employees’ cash bonuses of $2,492,438 and directors’ and supervisors’ remuneration of $30,400.
Note B: The shareholders during their meeting had approved to distribute employees’ cash bonuses of $2,047,925 and directors’ and supervisors’ remuneration of $30,400.

There was no difference in the amounts of the earnings appropriation as approved by the stockholders with that proposed by the Board of Directors. The information is posted in the “Market Observation Post System” at the website of the Taiwan Stock Exchange.

b) The appropriations of 2014 earnings had been proposed by the Board of Directors on March 10, 2015. Details are summarized below:

10, 2015. Details are summarized below:
Appropriation for legal reserve Appropriation for special reserve Cash dividends	2014
	Amount (Note) 2,069,890 $ 527,556 14,625,260	Dividends per share (indollars)
		6 $

Note: The Board of Directors proposed to distribute employees’ cash bonuses of $2,893,928 and directors’ and supervisors’ remuneration of $32,900.

As of March 10, 2015, the abovementioned 2014 earnings appropriation had not been approved by the stockholders.

F. For the years ended December 31, 2014 and 2013, employees’ bonus were accrued at $3,758,478 and $3,333,446, respectively, and directors’ and supervisors’ remuneration were accrued at $30,854 and $32,182, respectively. The basis of estimates is based on a certain percentage of net income prescribed by the Company’s Articles of Incorporation and resolved

by the Board of Directors, after taking into account the legal reserve and other factors. The calculation of shares of stock bonus distributed is based on the closing price of the Company’s common stock at the previous day of the next stockholders’ meeting after taking into account the effects of ex-rights and ex-dividends. While, if the estimated amounts are different from the amounts approved during the stockholders’ meeting subsequently, the difference is recognized as gain or loss in the following year. However, if the accrued amounts for employees’ bonus and directors’ and supervisors’ remuneration are significantly different from the distributed amounts resolved by the Board of Directors, then the differences shall be adjusted retroactively in the statement of comprehensive income for the current year. The proposed amounts of the bonus to employees and directors’ and supervisors’ remuneration were consistent with the resolution during the stockholders’ meeting and the same amount had been charged against earnings for 2013.

(22) Non-controlling interest

earnings for 2013. Non-controlling interest
			Years ended	December	31,
			2014		2013
At January 1		$	14,238,038	$	15,966,356
Share attributable to non-controlling
interest:
Profit for the period			1,614,471		1,258,194
Currency translation differences	(		142,008)		621,136
Unrealised gain on valuation of
available-for-sale financial assets			4		11
Loss on hedges belonging to effective
hedging in cash flow hedge			-	(	307)
Decrease in non-controlling interest	(		2,956,340)	(	3,607,352)
At December 31		$	12,754,165	$	14,238,038

Because the Group’s certain subsidiaries have traded with non-controlling interest, have distributed cash dividends and were affected by the consolidated entity’s movement for the years ended December 31, 2014 and 2013, the non-controlling interest decreased by $2,956,340 and $3,607,352 for the years ended December 31, 2014 and 2013, respectively.

(23) Operating revenue

Operating revenue
Sales revenue Service revenue Other operating revenue Less: Operating revenue from discontinued operations	2014 2013 188,437,064 $ 176,302,888 $ 1,063,348 1,305,968 1,134,708 663,803 190,635,120 178,272,659 - 1,219,537) ( 190,635,120 $ 177,053,122 $ Years endedDecember31,
	2014 188,437,064 $ 1,063,348 1,134,708 190,635,120 - 190,635,120 $

(24) Operating cost

Operating cost
		Years endedDecember			31,
		2014			2013
Cost of sales	$	137,597,768	$		132,077,331
Cost of services		720,332			971,486
Other operating costs		882,482			635,040
		139,200,582			133,683,857
Less: Operating costs from discontinued
operations		-	(		1,650,665)
	$	139,200,582		$	132,033,192
Other income
		Years endedDecember			31,
		2014			2013
Interest income	$	949,336	$		724,410
Rental income		330,879			188,506
Dividend income		141,714			140,180
Others		1,957,094			2,031,330
		3,379,023			3,084,426
Less: Other income from discontinued
operations		-	(		48,285)
	$	3,379,023		$	3,036,141
Other gains and losses
		Years ended	December		31,
		2014			2013
(Loss) gain on financial assets (liabilities)	($	61,827)		$	56,480
at fair value through profit or loss
Net currency exchange gain		266,881			210,444
Gain (loss) on disposal of investments		57,117	(		400,298)
Loss on disposal of property, plant
and equipment	(	11,725)	(		9,303)
Impairment loss	(	83,220)	(		74,153)
Miscellaneous disbursements	(	664,233)	(		537,403)
	(	497,007)	(		754,233)
Less: Other gain and loss from
discontinued operations		-			1,435
	($	497,007)	($		752,798)

(25) Other income

(26) Other gains and losses

(27) Finance costs

Interest expense Loss (gain) on effective cash flow hedges reclassified from equity to profit or loss Less: Finance costs from discontinued operations

Years endedDecember31,	Years endedDecember31,
2014 162,480 $ 1,555 164,035 - 164,035 $	2013
	242,701 $ 28,260) (
	214,441 38,482) (
	175,959 $

(28) Expenses by nature

Expenses by nature

Employee benefit expense
Changes in inventories of finished goods
and work in process, raw materials and
consumables used
Employee benefit expense
Depreciation charges on property, plant
and equipment
Amortisation charges on intangible assets
Transportation expenses
Advertising costs
Operating lease payments
Other expenses
Total cost of sales and operating expenses
Less: Cost of sales and operating expenses
from discontinued operations
Wages and salaries
Employees' bonuses
Labor and health insurance fees
Pensions costs
Other personnel expenses

2014
2013
99,746,574
$ 97,875,265
$ 32,814,321
29,365,601
6,464,508
7,123,284
1,022,608
1,114,557
1,807,614
1,705,979
777,141
966,585
326,448
318,336
24,859,018
21,005,423
167,818,232
159,475,030
-
1,930,290)
(
167,818,232
$ 157,544,740
$ Years endedDecember31,
2014
2013
24,791,319
$ 22,536,768
$ 3,749,479
3,344,004
2,602,120
2,099,103
489,512
468,550
1,181,891
917,176
32,814,321
$ 29,365,601
$ Years endedDecember31,

2014
24,791,319
$ 3,749,479
2,602,120
489,512
1,181,891
32,814,321
$

(29) Employee benefit expense

(30) Income tax

A. Income tax expense

a) Components of income tax expense:

e tax ome tax expense Components of income tax expense:
Current tax: Current tax on profits for the year Adjustments in respect of prior years Total current tax Deferred tax: Origination and reversal of temporary differences Origination and reversal of loss carryforward Total deferred tax Income tax expense Less: Income tax expense on discontinued operations	2014 2013 3,663,253 $ 2,927,085 $ 348,084) ( 263,072) ( 3,315,169 2,664,013 912,994 933,500 26,677) ( 2,557) ( 886,317 930,943 4,201,486 $ 3,594,956 $ - 13,170) ( 4,201,486 $ 3,581,786 $ Years endedDecember31,
	2014 3,663,253 $ 348,084) ( 3,315,169 912,994 26,677) ( 886,317 4,201,486 $ - 4,201,486 $

b) The income tax (charge)/credit relating to components of other comprehensive income is as follows:

Fair value gain on available-for-sale financial assets Currency translation differences Cash flow hedges	2014 2013 9 $ 3,142) ($ 498,277 268,720 889 7,451) ( 499,175 $ 258,127 $ Years endedDecember31,

B. Reconciliation between income tax expense and accounting profit

			Years ended	December	31,
			2014		2013
Tax calculated based on profit before		$	7,067,495	$	6,435,610
tax and statutory tax rate
Effects from items disallowed by tax
regulation	(		1,751,709)	(	2,289,852)
Effect from investment tax credits	(		745,592)	(	307,942)
Effect from net operating loss
carryforward	(		20,624)		20,212
Prior year income tax overestimate	(		348,084)	(	263,072)
Income tax expense			4,201,486		3,594,956
Less: Income tax expense from
discontinued operations			-	(	13,170)
		$	4,201,486	$	3,581,786

				December 31			198,052 $	378,144	499,069	235,531	30,663	1,466,652	1,475,985	4,284,096		8,339,803) ($	119,862) (	1,353,547) (	9,813,212) (	5,529,116) ($
Year ended December 31, 2014	Recognised in	other	Recognised in comprehensive Recognised in	profit or loss income equity			41,863 $ - $ - $	354,647 - -	232,040) ( - -	189,648 - -	26,677 - -	283,346 - -	331,766 - -	995,907 - -		1,868,569) ($ 499,175) ($ - $	- - -	13,655) ( - -	1,882,224) ( 499,175) ( -	886,317) ($ 499,175) ($ - $
				January 1			156,189	23,497	731,109	45,883	3,986	1,183,306	1,144,219	3,288,189		5,972,059)	119,862)	1,339,892)	7,431,813)	4,143,624)
							$									($	(	(	(	($
					Temporary differences:	－Deferred tax assets:	Allowance for inventory obsolescence	Investments tax credits	Pension liability	Assets impairment	Net operating loss carryforward	Depreciation difference between tax and financial basis	Others	Subtotal	－Deferred tax liabilities:	Long-term equity investments	Land revaluation increment tax	Others	Subtotal	Total

				December 31			156,189 $	23,497	731,109	45,883	3,986	1,183,306	1,144,219	3,288,189		5,972,059) ($	119,862) (	1,339,892) (	7,431,813) (	4,143,624) ($
Year ended December 31, 2013	Recognised in	other	Recognised in comprehensive Recognised in	profit or loss income equity			5,543 $ - $ - $	21,313) ( - -	37,000) ( - -	178,293) ( - -	2,557 - -	443,110 - -	636,664 - -	851,268 - -		1,005,302) ($ 258,127) ($ - $	- - -	776,909) ( - -	1,782,211) ( 258,127) ( -	930,943) ($ 258,127) ($ - $
				January 1			150,646	44,810	768,109	224,176	1,429	740,196	507,555	2,436,921		4,708,630)	119,862)	562,983)	5,391,475)	2,954,554)
							$									($	(	(	(	($
					Temporary differences:	－Deferred tax assets:	Allowance for inventory obsolescence	Investment tax credits	Pension liability	Assets impairment	Net operating loss carryforward	Depreciation difference between tax and financial basis	Others	Subtotal	－Deferred tax liabilities:	Long-term equity investments	Land revaluation increment tax	Others	Subtotal	Total

D. According to Act for Industrial Innovation and Statute for Upgrading Industries (before its abolishment), details of the Company’s investments tax credits and unrecognized deferred tax assets are as follows:

December 31, 2014

ssets are as follows: December31,2014	ssets are as follows: December31,2014	ssets are as follows: December31,2014	ssets are as follows: December31,2014
Unrecognised deferred Qualifyingitems Unusedtaxcredits tax assets Investments in emerging important strategic industries 378,144 $ - $ December31,2013				Tax credit of investment usable until
				2016
xpiration dates of unused net operating loss carryfoward and amounts of unrecogni eferred tax assets are as follows: Unrecognised Tax credit of deferred investment Qualifyingitems Unusedtaxcredits tax assets usable until Machinery and equipment 1,141 $ 281 $ 2014 Employees' training 109 109 2013 Investments in emerging important strategic industries 408,072 385,435 2016 409,322 $ 385,825 $ December31,2014				Tax credit of investment usable until
Year incurred 2007-2014	Amount filed / Unused assessed amount 8,305,131 $ 8,222,491 $ December31,2013		Unrecognised deferred tax assets 8,099,839 $		Usable untilyear
					2024
Year incurred 2007-2013	Amount filed / assessed 8,028,877 $	Unused amount 7,998,841 $	Unrecognised deferred tax assets 7,981,567 $		Usable untilyear
					2023

E. Expiration dates of unused net operating loss carryfoward and amounts of unrecognized deferred tax assets are as follows:
F. The amounts of deductible temporary differences that were not recognised as deferred tax assets are as follows:

ssets are as follows:
Deductible temporary differences	December31,
	2014 440,537 $	2013
		417,427 $

G. The Company has not recognised taxable temporary differences associated with investment in subsidiaries as deferred tax liabilities. As of December 31, 2014 and 2013, the amounts of temporary differences unrecognised as deferred tax liabilities were $153,223,544 and $143,317,539, respectively.
H. The status of the Company and its domestic subsidiaries’ assessed and approved income tax returns are as follows:

	returns are as follows:
				Latestyear assessed byTax Authority
	The Company					2012
	Cyntec and DNIT					2011
	Delta Capital, NEM, AMT, DelBio,
	Ayecom, Delta Robot and DGL					2012
	DSGL					2014
	SYN-TKE			Not assessed yet
I.	Unappropriated retained earnings:
				December31,2014		December31,2013
	Earnings generated in
	and before 1997	$		685,952	$	685,952
	Earnings generated in
	and after 1998			32,859,866		24,526,376
		$		33,545,818	$	25,212,328
J.	The balance of the imputation tax credit	account and the creditable tax rate are as follows:
			December31,2014		December31,2013
	Imputation tax credit
	account balance	$		872,035	$	1,074,283
				2014(Estimated)		2013 (Actual)
	Creditable tax ratio			2.65%		2.80%

(31) Earnings per share

Year ended December 31, 2014

Basic earnings per share Profit attributable to ordinary shareholders of the parent Diluted earnings per share Profit attributable to ordinary shareholders of the parent Assumed conversion of all dilutive potential ordinary shares (Note): Employees' bonus Profit attributable to ordinary shareholders of the parent plus assumed conversion of all dilutive potential ordinary shares	Amount after tax ( 20,698,900 $ 20,698,900 $ - 20,698,900 $	Weighted average number of ordinary shares outstanding sharesin thousands) 2,437,543 2,437,543 21,681 2,459,224	Earnings per share (indollars)
			8.49 $
			8.42 $

(Note) The share-based payment arrangements were all expired on December 17, 2013. There is no effect on diluted earnings per share for the year ended December 31, 2014.

YearendedDecember31,2013	YearendedDecember31,2013	YearendedDecember31,2013
Amount after tax ( 17,244,431 $ 531,771 17,776,202 $ 17,244,431 $ - - 17,244,431 531,771 17,776,202 $	Weighted average number of ordinary shares outstanding shares in thousands) 2,427,935 2,427,935 2,427,935 2,427,935 4,612 23,763 2,456,310 2,456,310 2,456,310	Earnings per share (in dollars)
		7.10 $ 0.22
		7.32 $
		7.02 $ 0.22
		7.24 $

(32) Business combinations

A. Business combination transactions of the Group for the years ended December 31, 2014 and 2013 are as follows:
(a) On January 3, 2013, the Group acquired 100% stock ownership of Vivitek by cash totaling $43,560 through DIH and obtained control over Vivitek, an overhead projector and related products and materials retailer operating in the US. As a result of the acquisition, the Group expected to increase its presence in these markets. It also expects to reduce costs through economies of scale.
(b) The Group has acquired 54.83% share ownership in DGSG from the associate, DET, through DIH on April 1, 2013 for cash of $447,375, and has gained control over DGSG. The Group expects to increase profit in Mainland China market after the acquisition.
(c) The Group established its subsidiary STA in 2013 and has signed assets transaction agreement with SYN-TEK Technologies Inc. (hereinafter referred to as SYN-TEK) to purchase inventory, equipment, software, and ownership and obligations of other existing clients. Thereafter, the Group expects to improve its competitiveness on related products of industrial automation.
(d)On April 8, 2014, the Company acquired 100% share ownership in Vivitek-TW for cash of $135,083.
(e) On August 1, 2014, the Group acquired 100% share ownership in DEU from the Group’s associate, DET, for cash of $111,337.
(f) On September 1, 2014, the Group acquired 100% share ownership in Boom through DIH for cash of $2,652,858.
B. Consideration paid for acquisitions of the abovementioned subsidiaries and fair value information of assets acquired and liabilities assumed from the acquisitions on the acquisition date are as follows:

		Years ended	December	31,
		2014		2013
Purchase consideration
Cash paid	$	2,899,278	$	640,935
Fair value of the non-controlling interest		-		363,282
		2,899,278		1,004,217
Fair value of the identifiable assets
acquired and liabilities assumed
Cash		253,063		35,092
Accounts receivable		76		85,466
Accounts receivable - related parties		10,235		-
Other current assets		6,226		2,404
Inventories		-		75,851
Dividends receivable		126,591		-
Investments accounted for using equity
method		1,317,347		399,930
Property, plant and equipment		5,542		8,161
Customer relationship		1,251,533		-
Goodwill		-		6,287
Other non-current assets		197		548,495
Bank borrowings		-	(	49,441)
Accounts payable	(	1,264)	(	57,130)
Accounts payable - related parties	(	1,082)		-
Income tax payable	(	6,334)		-
Other current liabilities	(	23,335)	(	24,362)
Other non-current liabilities		-	(	18,865)
Deferred income tax liabilities	(	42,793)		-
Total identifiable net assets		2,896,002		1,011,888
Goodwill(gain recognized in bargain
purchase transaction )	$	3,276	($	7,671)

C. Starting from the acquisition of share ownership of Vivitek-TW, DEU and Boom, the operating revenue and profit (loss) before tax included in the consolidated statements of comprehensive income and contributed by those companies amounted to $191,901 and ($138,735), respectively. Had those companies been consolidated from January 1, 2013, the consolidated statement of comprehensive income would show operating revenue and profit before income tax as follows:

ax as follows:
Operating revenue Profit before income tax	Years endedDecember31,
	2014 190,697,230 $ 26,518,104	2013
		177,259,653 $ 22,657,541

7. RELATED PARTY TRANSACTIONS

(1) Significant transactions and balances with related parties

A. Sales of goods

Sales of goods
Sales of goods: Associates Others	Years ended December 31,
	2014 3,919,209 $ 1,023,383 4,942,592 $	2013
		3,793,085 $ 1,220,921
		5,014,006 $

The sales terms, including prices and collections, were negotiated based on cost, market, competitors and other factors.

B. Purchases of goods:

Purchases of goods:
Purchases of goods: Associates Others	Years ended December 31,
	2014 667,260 $ 56,825 724,085 $	2013
		830,559 $ 49,784
		880,343 $

The purchase terms, including prices and payments, were negotiated based on cost, market, competitors and other factors.

C. Period-end balances arising from sales of goods:

Receivables from related parties: Associates Others	December 31,2014 985,685 $ 274,417 1,260,102 $	December 31,2013
		898,335 $ 184,993
		1,083,328 $

The receivables from related parties arise mainly from sales transactions. The receivables are due 60~90 days after the date of sale. The receivables are unsecured in nature and bear no interest. There are no provisions held against receivables from related parties.

D. Period-end balances arising from purchases of goods:

Associates Others Payables to related parties:	December 31,2014 225,241 $ 19,572 244,813 $	December 31,2013
		178,224 $ 8,864
		187,088 $

The payables to related parties arise mainly from purchase transactions and are due 70 days after the date of purchase. The payables bear no interest.

E. Period-end balances arising from other transactions:

Other receivables-related parties Associates Others	December31,2014 40,790 $ 2,717 43,507 $	December31,2013
		153,190 $ 4,380
		157,570 $

The above pertain mainly to advance payments.

F. Property transactions:
(a) The Group has separately acquired 45.17% and 54.83% share ownership of DGSG for $393,351 and $450,000 from an associate in 2014 and 2013, respectively. The related costs have been fully paid as of December 31, 2014.
(b) The Group acquired 100% share ownership of DEU for $109,434 from an associate in 2014. The related costs have been fully paid as of December 31, 2014.
(c) The Group has increased its investment in the associate – DPI by $106,523 during 2014, and the shareholding ratio was 41% after the capital increase.

(2) Key management compensation

Key management compensation
Salaries and other short-term employee benefits	Years endedDecember31,
	2014 529,412 $	2013
		432,759 $

8. PLEDGED ASSETS

The Group’s assets pledged as collateral are as follows:

Pledgedassets Demand deposits and time deposits (shown as other assets - current and non-current) Time deposits (shown as other current assets)	December 31, December 31, 2014 2013 3,000 $ 4,021 $ 160,769 52,754 163,769 $ 56,775 $ Bookvalue	Pledge purpose
	December 31, 2014 3,000 $ 160,769 163,769 $
		Collateral for customs duties Performance bonds and land lease

9. SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNISED CONTRACT COMMITMENTS

(1) Contingencies

None.

(2) Commitments

A. Capital commitments

Capital expenditures contracted for at the balance sheet date but not yet incurred are as follows:

Property, plant and equipment	December 31,2014 571,260 $	December 31,2013
		466,857 $

B. Operating lease commitments

The future aggregate minimum lease payments under non-cancellable operating leases are as follows:

ollows:
Not later than one year Later than one year but not later than five years Later than five years	December 31,2014 107,460 $ 178,419 102,221 388,100 $	December 31,2013
		80,035 $ 156,240 22,672
		258,947 $

10. SIGNIFICANT DISASTER LOSS

None.

11. SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE

(1) The Group acquired 100% of share capital of Vitor Technology Inc. for cash of $79,575 on January 1, 2015. As of March 10, 2015, $70,075 had been paid.
(2) In order to integrate overall resources, expand operations and improve operating performance and competitiveness, on November 24, 2014, the Board of Directors of Delta Networks, Inc. and its wholly-owned investee – Ayecom Technology Co., Ltd. both agreed on the merger. Ayecom Technology Co., Ltd. was merged into Delta Networks, Inc. and was dissolved after the merger. The surviving company was Delta Networks, Inc. The effective date had been proposed to be January 1, 2015.
(3) The Company’s wholly-owned subsidiary – DEN participated in the bid for share capital of Eltek ASA (Norway) and won the bid on December 15, 2014. The period for public tender offer is from January 12, 2015 to February 10, 2015. DEN acquired 100% share capital of Eltek ASA (Norway) at NOK$11.75 per share, and the total transaction amount was estimated to be approximately NOK$38.7 billion As of the expiration of the public tender offer period, the share capital of Eltek ASA (Norway) which participated in the bid has reached 94.2598%.

12. OTHERS

(1) Capital risk management

The Group’s objectives (including disposal groups held for sale) when managing capital are to maintain an integrity credit rating and good capital structure to support operating and maximum stockholders’ equity.

(2) Financial instruments

A. Fair value information of financial instruments

The fair value of financial instruments measured at amortized cost (including notes receivable, accounts receivable (including related parties), other receivables (including related parties), short-term loans, notes payable, accounts payable (including related parties) and other payables) are based on their book value as book value is approximate to fair value. The fair value of long-term loans (including current portion) is based on book value as their interest rate is approximate to market interest rate. The fair value information of financial instruments measured at fair value is provided in Note 12(3).

B. Financial risk management policies

The Group’s activities expose it to a variety of financial risks: market risk (including foreign exchange risk, interest rate risk and price risk), credit risk and liquidity risk. The Group’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group’s financial position and financial performance. The Group uses derivative financial instruments to hedge certain risk exposures (see Notes 6(2), 6(5) and 6(15)).

C. Significant financial risks and degrees of financial risks
a) Market risk

Foreign exchange risk

i. The Group operates internationally and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the USD, RMB and EUR. Foreign exchange risk arises from future commercial transactions, recognised assets and liabilities and net investments in foreign operations.
ii. Management has set up a policy to require group companies to manage their foreign exchange risk against their functional currency. The group companies are required to hedge their entire foreign exchange risk exposure with the Group treasury. To manage their foreign exchange risk arising from future commercial transactions and recognised assets and liabilities, entities in the Group use forward foreign exchange contracts, transacted with Group treasury.
iii. The Group adopts the derivative financial instruments like forward exchange contracts / forward exchange transactions, etc. to hedge the fair value risk and cash flow risk due to foreign exchange rate fluctuations. The Group monitors at any time and pre-sets a “stop loss” amount to limit its foreign exchange risk.
iv. The Group’s businesses involve some non-functional currency operations (the Company’s and certain subsidiaries’ functional currency: NTD; other certain subsidiaries’ functional currency: USD and RMB). The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:

December 31, 2014

Foreign currency amount (Foreign currency: Functional currency) (inthousands) Financial assets Monetary items USD : NTD 333,368 $ USD : RMB (Note) 439,811 RMB : USD (Note) 900,511 Non-monetary items RMB : USD (Note) 8,990,047 $ NTD : USD (Note) 2,016,062 USD : NTD 3,241,478 THB : NTD 6,483,117 THB : USD (Note) 259,166 Financial liabilities Monetary items USD : NTD 303,767 $ USD : RMB (Note) 443,890 RMB : USD (Note) 1,474,719	Exchange rate 31.6500 $ 6.2156 0.1611 0.1611 0.0316 31.6500 0.9670 0.0306 31.6500 6.2156 0.1611	Book value (NTD)
		10,551,109 $ 13,941,537 4,592,520 45,848,339 $ 2,016,062 102,592,789 6,269,174 250,614 9,614,220 $ 14,070,834 7,520,925

Note: Certain consolidated entities’ functional currency is not NTD. Therefore, the Group shall consider these items when disclosing the above information. When a subsidiary’s functional currency is RMB, it shall also consider its USD foreign currency position.

December 31, 2013

Foreign currency amount (Foreign currency: Functional currency) (in thousands) Financial assets Monetary items USD : NTD 361,992 $ USD : RMB (Note) 507,266 RMB : USD (Note) 1,318,179 Non-monetary items RMB : USD (Note) 6,935,119 $ NTD : USD (Note) 1,811,490 USD : NTD 2,850,254 THB : NTD 5,548,147 THB : USD (Note) 776,215 Financial liabilities Monetary items USD : NTD 339,002 $ USD : JPY (Note) 23,776 USD : RMB (Note) 553,164 RMB : USD (Note) 1,133,961	Exchange rate 29.8050 $ 6.0520 0.1652 0.1652 $ 0.0336 29.8050 0.9135 0.0306 29.8050 $ 104.9800 6.0520 0.1652	Book value (NTD)
		10,789,174 $ 15,119,066 6,491,769 34,154,074 $ 1,811,490 84,951,812 5,342,282 709,073 10,103,950 $ 708,645 16,487,063 5,584,532

(Foreign currency: Functional currency) Financial assets Monetary items USD : NTD USD : RMB (Note) RMB : USD (Note) Financial liabilities Monetary items USD : NTD USD : RMB (Note) RMB : USD (Note)	Extent of Effect on Effect on variation profit or loss comprehensive income 1% 105,511 $ - $ 1% 139,415 - 1% 45,925 - 1% 96,142 $ - $ 1% 140,708 - 1% 75,209 - Year ended December 31, 2014 Sensitivity analysis	Extent of Effect on Effect on variation profit or loss comprehensive income 1% 105,511 $ - $ 1% 139,415 - 1% 45,925 - 1% 96,142 $ - $ 1% 140,708 - 1% 75,209 - Year ended December 31, 2014 Sensitivity analysis

	Extent of variation 1% 1% 1% 1% 1% 1%	Effect on profit or loss 105,511 $ 139,415 45,925 96,142 $ 140,708 75,209

YearendedDecember31,2013	YearendedDecember31,2013	YearendedDecember31,2013
	Sensitivity analysis
Extent of variation 1% 1% 1% 1% 1% 1% 1%	Effect on profit or loss 107,892 $ 151,191 64,918 101,040 $ 164,871 55,845 7,086	Effect on comprehensiveincome
		- $ - - - $ - - -

Note: Certain consolidated entities’ functional currency is not NTD. Therefore, the Group shall consider these items when disclosing the above information. When a subsidiary’s functional currency is RMB, it shall also consider its USD foreign currency position.

Price risk

The Group is exposed to equity securities price risk because of investments held by the Group and classified on the consolidated balance sheet either as available-for-sale or at fair value through profit or loss. To manage its price risk arising from investments in equity securities, the Group diversifies its portfolio to control this risk.

The Group’s investments in equity securities comprise listed and unlisted stocks. The prices of equity securities would change due to the change of the future value of investee companies. If the prices of these equity securities had increased/decreased by 1% with all other variables held constant, post-tax profit for the years ended December 31, 2014 and 2013 would have increased/decreased by $258 and $218, respectively, as a result of gain/loss on equity securities classified as at fair value through profit or loss. Other components of equity would have increased/decreased by $76,554 and $83,643 as of December 31, 2014 and 2013, respectively, as a result of gain/loss on equity securities classified as available-for-sale.

Interest rate risk

i. The Group’s interest rate risk arises from long-term borrowings. Borrowings issued at variable rates expose the Group to cash flow interest rate risk which is partially offset by cash and cash equivalents held at variable rates. Borrowings issued at fixed rates expose the Group to fair value interest rate risk. The Group’s borrowings mainly bear variable interest rate. During the years ended December 31, 2014 and 2013, the Group’s borrowings

at variable rate were denominated in NTD and USD.

ii. If the interest rate increases by 0.25%, and all other conditions are the same, the impact on post-tax profit would decrease by $68,000 and $49,333 for the years ended December 31, 2014 and 2013, respectively, resulting from the variable rate borrowings.
b) Credit risk
i. Credit risk refers to the risk of financial loss to the Group arising from default by the clients or counterparties of financial instruments on the contract obligations as described below:
- a. According to the Group’s credit policy, each local entity in the Group is responsible for managing and analysing the credit risk for each of their new clients before standard payment and delivery terms and conditions are offered. Internal risk control assesses the credit quality of the customers, taking into account their financial position, past experience and other factors.
- b. Individual risk limits are set based on internal or external ratings in accordance with limits set by the credit controller. The utilisation of credit limits is regularly monitored.
- c. For banks and financial institutions, only well rated parties are accepted.
- d. Credit risk arises from cash and cash equivalents, derivative financial instruments and deposits with banks and financial institutions, as well as credit exposures to wholesale and retail customers, including outstanding receivables and committed transactions.
ii. The management does not expect any significant losses from non-performance by these counterparties.
iii. The credit quality information of significant financial assets that are neither past due nor impaired is described in Note 6(6).

c) Liquidity risk

i. Cash flow forecasting is performed in the operating entities of the Group and aggregated by Group treasury. Group treasury monitors rolling forecasts of the Group’s liquidity requirements to ensure it has sufficient cash to meet operational needs.
ii. The table below analyses the Group’s (including non-current disposal group classified as held for sale) non-derivative financial liabilities and net-settled or gross-settled derivative financial liabilities into relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date for non-derivative financial liabilities and to the expected maturity date for derivative financial liabilities:

101

Non-derivative financial liabilities:

December 31, 2014 Short-term borrowings Notes and accounts payable (including related parties) Other payables Long-term borrowings (including current portion) December 31, 2013 Short-term borrowings Notes and accounts payable (including related parties) Other payables Long-term borrowings (including current portion)	Less than 1 year 5,801,298 $ 33,748,983 19,221,347 52,111 Less than 1 year 4,561,722 $ 32,816,423 17,533,426 80,379	Between 1 and 2 years - $ - - 26,456,375 Between 1 and 2 years - $ - - 18,749,638	Between 2 and 5 years - $ - - 11,728 Between 2 and 5 years - $ - - 78,026	Over 5 years
				- $ - - - Over 5 years
				- $ - - -

Derivative financial liabilities:

As of December 31, 2014 and 2013, the derivative financial liabilities which were operated by the Group are due within 1 year.

iii. The Group does not expect the timing of occurrence of the cash flows estimated through the maturity date analysis will be significantly earlier, nor expect the actual cash flow amount will be significantly different.

(3) Fair value estimation

A. The table below analyses financial instruments measured at fair value, by valuation method. The different levels have been defined as follows:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices).
Level 3: Inputs for the asset or liability that are not based on observable market data.

The following table presents the Group’s financial assets and liabilities (including non-current disposal group classified as held for sale) that are measured at fair value at December 31, 2014 and 2013.

December 31, 2014 Financial assets: Financial assets at fair value through profit or loss Equity securities Forward exchange contracts Convertible bonds Available-for-sale financial assets Equity securities Financial liabilities: Financial liabilities at fair value through profit or loss Forward exchange contracts December 31, 2013 Financial assets: Financial assets at fair value through profit or loss Equity securities Forward exchange contracts Convertible bonds Derivative financial assets for hedging Available-for-sale financial assets Equity securities Financial liabilities: Financial liabilities at fair value through profit or loss Forward exchange contracts Derivative financial liabilities for hedging	Level 1 25,774 $ - 5,805 6,373,236 6,404,815 $ - $ Level 1 21,782 $ - 19,980 - 7,255,613 7,297,375 $ - $ - - $	Level 2 - $ 8,047 115,924 - 123,971 $ 51,606 $ Level 2 - $ 40,987 109,810 13,340 - 164,137 $ 16,883 $ 2,644 19,527 $	Level3 - $ - - 1,282,187 1,282,187 $ - $ Level3 - $ - - - 1,108,688 1,108,688 $ - $ - - $	Total 25,774 $ 8,047 121,729 7,655,423 7,810,973 $ 51,606 $ Total 21,782 $ 40,987 129,790 13,340 8,364,301 8,570,200 $ 16,883 $ 2,644 19,527 $	Total 25,774 $ 8,047 121,729 7,655,423 7,810,973 $ 51,606 $ Total 21,782 $ 40,987 129,790 13,340 8,364,301 8,570,200 $ 16,883 $ 2,644 19,527 $

					21,782 $ 40,987 129,790 13,340 8,364,301
					8,570,200 $
					16,883 $ 2,644
					19,527 $

B. The fair value of financial instruments traded in active markets is based on quoted market prices at the balance sheet date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or

103

regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by the Group is the closing price. These instruments are included in level 1. Instruments included in level 1 comprise primarily equity instruments and debt instruments classified as financial assets/financial liabilities at fair value through profit or loss or available-for-sale financial assets.

C. The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.
D. If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.
E. Specific valuation techniques used to value financial instruments include:
a) Quoted market prices or dealer quotes for similar instruments.
b) The fair value of forward foreign exchange contracts is determined using forward exchange rates at the balance sheet date, with the resulting value discounted back to present value.
c) Other techniques, such as discounted cash flow analysis, are used to determine fair value for the remaining financial instruments.
F. The following table presents the changes in level 3 instruments for the years ended December 31, 2014 and 2013:

31, 2014 and 2013:
			Convertible			bonds			Equity securities
						Years ended	December31,
			2014			2013			2014			2013
Beginning balance	$		-	$		-	$		1,108,688	$		946,298
Gains and losses
recognised in profit or
loss			-			-	(		12,871)	(		42,012)
Gains and losses
recognised in other
comprehensive income			-			-						18,247
Transfers out from level 3			-	(		88,992)	(		238,579)	(		122,150)
Acquired in the period			28,844			88,992			483,576			209,528
Return of share capital			-			-	(		18,112)			-
Transfer from convertible
bonds to equity securities	(		28,844)			-			31,201			88,992
Net exchange differences			-			-	(		71,715)			9,785
Ending balance		$	-		$	-		$	1,282,188		$	1,108,688

(1)Significant transactions information
A. Loans to others:

Note a: Number 0 represents the Company; the investee companies are in order from number 1.
Note b: Maximum outstanding balance during the current period was translated into New Taiwan dollars using the exchange rate at December 31, 2014, which the Company reported to the Securities and Futures Bureau.
Note c: 1. In accordance with the Delta International Holding Ltd. Operating Procedures of Fund Lending, the limits for each recipient according to reasons of lending are as follows:
When lending funds to other companies or enterprises with which the company has business relations, the amount lent to a single recipient shall not exceed the total transaction amount between the recipient and
the company in the most recent year and shall not exceed 10 percent of the company’s net worth as stated in the company’s latest financial statements.
Item Value
1
Delta
International
Holding Ltd.
Delta
Electronics
(Wuhu)
Co., Ltd.
Other
receivables-
related
parties
Yes
$ 633,000
$ -
$ -
0.73360%
Short-
term
financing
$ -
Additional
operating
capital
$ -
None
-
$ 6,630,183
$ 13,260,366
(Note c)
1
Delta
International
Holding Ltd.
Delta
Electro-
Optics
(Wujiang)
Ltd.
Other
receivables-
related
parties
Yes
633,000
-
-
0.73360%
Short-
term
financing
- Additional
operating
capital
- None
-
6,630,183
13,260,366
(Note c)
1
Delta
International
Holding Ltd.
Delta
Electronics
(Jiangsu)
Ltd.
Other
receivables-
related
parties
Yes
1,582,500
-
-
0.73360%
Short-
term
financing
- Additional
operating
capital
- None
-
6,630,183
13,260,366
(Note c)
2
Cyntec
International
Ltd.
Cyntec
(Suzhou)
Co., Ltd.
Other
receivables-
related
parties
Yes
316,500
316,500
189,900
0.888626%
Short-
term
financing
- Additional
operating
capital
- None
-
5,583,989
5,583,989 (Note d)
`
2
Cyntec
International
Ltd.
Cyntec
Electronics
(Suzhou)
Co., Ltd.
Other
receivables-
related
parties
Yes
1,899,000
1,266,000
949,500
0.888626%
Short-
term
financing
- Additional
operating
capital
- None
-
5,583,989
5,583,989 (Note d)
Reason
for short-
term
financing
No.
Creditor
Borrower
General
ledger
account
Is a
related
party
Maximum
outstanding
balance
during the
year ended
December 31,
2014 (Note b)
Balance at
December
31, 2014
Actual
amount
drawn down
Interest rate
Nature
of loan
Amount of
transactions
with the
borrower
Allowance
for
doubtful
accounts
Collateral
Limit on
loans granted
to a single
party
Ceiling on total
loans granted
Note

105

Note a: The numbers filled in for the endorsements/guarantees provided by the Company or subsidiaries are as follows: (1) The Company is ‘0’. (2) The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between the endorser/guarantor and the party being endorsed/guaranteed is classified into the following six categories: (1) Having business relationship. (2) The endorser/guarantor parent company owns directly more than 50% voting shares of the endorsed/guaranteed subsidiary. (3) The endorser/guarantor parent company and its subsidiaries jointly own more than 50% voting shares of the endorsed/guaranteed company. (4) The endorsed/guaranteed parent company directly or indirectly owns more than 50% voting shares of the endorser/guarantor subsidiary. (5) Mutual guarantee of the trade as required by the construction contract. Company name Relationship with the endorser / guarantor (Note b) 1 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 1 326,352 $ 5,355 $ - $ - $ - $ - 652,704 $ N N Y Outstanding endorsement / guarantee amount at December 31, 2014 (Note d) Number (Note a) Endorser / guarantor Party being endorsed/guaranteed Limit on endorsements / guarantees provided for a single party (Note c) Maximum outstanding endorsement / guarantee amount as of December 31, 2014 (Note d) Provision of endorsements / guarantees to the party in Mainland China Note Actual amount drawn down (Note d) Amount of endorsements / guarantees secured with collateral Ratio of accumulated endorsement / guarantee amount to net asset value of the endorser / guarantor company Ceiling on total amount of endorsements / guarantees provided (Note c) Provision of endorsements / guarantees by parent company to subsidiary Provision of endorsements / guarantees by subsidiary to parent company	Note a: The numbers filled in for the endorsements/guarantees provided by the Company or subsidiaries are as follows: (1) The Company is ‘0’. (2) The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between the endorser/guarantor and the party being endorsed/guaranteed is classified into the following six categories: (1) Having business relationship. (2) The endorser/guarantor parent company owns directly more than 50% voting shares of the endorsed/guaranteed subsidiary. (3) The endorser/guarantor parent company and its subsidiaries jointly own more than 50% voting shares of the endorsed/guaranteed company. (4) The endorsed/guaranteed parent company directly or indirectly owns more than 50% voting shares of the endorser/guarantor subsidiary. (5) Mutual guarantee of the trade as required by the construction contract. Company name Relationship with the endorser / guarantor (Note b) 1 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 1 326,352 $ 5,355 $ - $ - $ - $ - 652,704 $ N N Y Outstanding endorsement / guarantee amount at December 31, 2014 (Note d) Number (Note a) Endorser / guarantor Party being endorsed/guaranteed Limit on endorsements / guarantees provided for a single party (Note c) Maximum outstanding endorsement / guarantee amount as of December 31, 2014 (Note d) Provision of endorsements / guarantees to the party in Mainland China Note Actual amount drawn down (Note d) Amount of endorsements / guarantees secured with collateral Ratio of accumulated endorsement / guarantee amount to net asset value of the endorser / guarantor company Ceiling on total amount of endorsements / guarantees provided (Note c) Provision of endorsements / guarantees by parent company to subsidiary Provision of endorsements / guarantees by subsidiary to parent company	Note a: The numbers filled in for the endorsements/guarantees provided by the Company or subsidiaries are as follows: (1) The Company is ‘0’. (2) The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between the endorser/guarantor and the party being endorsed/guaranteed is classified into the following six categories: (1) Having business relationship. (2) The endorser/guarantor parent company owns directly more than 50% voting shares of the endorsed/guaranteed subsidiary. (3) The endorser/guarantor parent company and its subsidiaries jointly own more than 50% voting shares of the endorsed/guaranteed company. (4) The endorsed/guaranteed parent company directly or indirectly owns more than 50% voting shares of the endorser/guarantor subsidiary. (5) Mutual guarantee of the trade as required by the construction contract. Company name Relationship with the endorser / guarantor (Note b) 1 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 1 326,352 $ 5,355 $ - $ - $ - $ - 652,704 $ N N Y Outstanding endorsement / guarantee amount at December 31, 2014 (Note d) Number (Note a) Endorser / guarantor Party being endorsed/guaranteed Limit on endorsements / guarantees provided for a single party (Note c) Maximum outstanding endorsement / guarantee amount as of December 31, 2014 (Note d) Provision of endorsements / guarantees to the party in Mainland China Note Actual amount drawn down (Note d) Amount of endorsements / guarantees secured with collateral Ratio of accumulated endorsement / guarantee amount to net asset value of the endorser / guarantor company Ceiling on total amount of endorsements / guarantees provided (Note c) Provision of endorsements / guarantees by parent company to subsidiary Provision of endorsements / guarantees by subsidiary to parent company
Note
Provision of endorsements / guarantees to the party in Mainland China		Y
Provision of endorsements / guarantees by subsidiary to parent company		N
Provision of endorsements / guarantees by parent company to subsidiary		N
Ceiling on total amount of endorsements / guarantees provided (Note c)		652,704 $
Ratio of accumulated endorsement / guarantee amount to net asset value of the endorser / guarantor company		-
Amount of endorsements / guarantees secured with collateral		- $
Actual amount drawn down (Note d)		- $
Outstanding endorsement / guarantee amount at December 31, 2014 (Note d)		- $
Maximum outstanding endorsement / guarantee amount as of December 31, 2014 (Note d)		5,355 $
Limit on endorsements / guarantees provided for a single party (Note c)		326,352 $
Party being endorsed/guaranteed	Relationship with the endorser / guarantor (Note b)	1
	Company name	Delta Greentech (China) Co., Ltd.
	Endorser / guarantor	Delta Electronics (Shanghai) Co., Ltd.
	Number (Note a)	1

Note	Note	-	-	-	-	-	-	-	-	-		-	-	-	-	-
As of December 31, 2014	Fair value	$ 369,492	111,289	4,831,550	103,065	406,838	302,170	96,307	29,658	104,081	313,220	115,924	192,821	111,518	218,400	1,250,043
	Ownership (%)	3.30	0.63	18.87	Preferred shares		4.10		2.77	11.53	3.60		1.09	2.09	0.87
	Book value	$ 369,492	111,289	4,831,550	103,065	406,837	302,170	96,307	29,658	104,081	313,220	115,924	192,821	111,518	218,400	1,250,043
	Number of shares	5,013,459	1,021,000	161,590,296	2,100,000		9,547,235		350,000	200,000	52,056,222		1,769,000	771,750	1,987,890
General ledger account		Available-for-sale financial assets	Available-for-sale financial assets	Available-for-sale financial assets	Financial assets carried at cost - non-current		Available-for-sale financial assets		Financial assets carried at cost - non-current	Financial assets carried at cost - non-current	Financial assets carried at cost- non-current	Financial assets at fair value through profit or loss - non- current	Available-for-sale financial assets	Available-for-sale financial assets	Available-for-sale financial assets
Relationship with the securities issuer		None	None	None	None	None	None	None	None	None	None	None	None	None	None	None
Marketable securities		Dynapack International Technology Corporation common stock	Tong Hsing Electronic Industries, Ltd. common stock	Neo Solar Power Corp. common stock	Delta America Ltd. preferred shares	Others	Solarflare Communications, Inc. preferred shares	Mentis Technology, LLC, etc.	Delta America Ltd.	SUSUMU Co., Ltd. common stock	LUXTERA, INC. preferred shares	Binhai Investment Company Limited convertible bonds	Tong Hsing Electronic Industries, Ltd. common stock	FineTek Co., Ltd. common stock	Nien Made Enterprise Co., Ltd.	Ledlink Optics, Inc. common stock, etc.
Securities held by		Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta International Holding Ltd.	Delta International Holding Ltd.	Deltronics (Netherlands) B.V.	Cyntec Co., Ltd.	Cyntec Co., Ltd.	Delta Electronics Capital Company	Delta Electronics Capital Company	Delta Electronics Capital Company	Delta Electronics Capital Company	Delta Electronics Capital Company

107

Balance as at December 31, 2014	Amount	369,492 $	4,831,550	880,044	2,728,918	20,744,295	6,775,342
	Number of shares	5,013,459	161,590,296	12,175,470	1	207,180,000	202,180,000
Disposal	Gain (loss) on disposal	281,078) ($	-	-	-	-	-
	Book value	613,765 $	-	-	-	-	-
	Selling price	332,687 $	-	-	-	-	-
	Number of shares	4,279,000	-	-	-	-	-
Addition	Amount	211,983 $ (Note a)	521,621) ( (Note b)	415,286 (Note c)	2,728,918 (Note d)	6,150,289 (Note e)	1,114,519 (Note f)
	Number of shares	-	40,065,424	5,499,102	1	35,040,000	35,040,000
Balance as at January 1, 2014	Amount	771,274 $	5,353,171	464,758	-	14,594,006	5,660,823
	Number of shares	9,292,459	121,524,872	6,676,368	-	172,140,000	167,140,000
Relationship with the investor		None	None	Associate	None	Subsidiary	Subsidiary
Counterparty		Centralised trading market	Neo Solar Power Corp.	Delta Greentech International Holding Ltd.	Lombard International PCC Ltd.	Grandview Holding Ltd.	Cyntec Holding (H.K.) Ltd.
General ledger account		Available- for-sale financial assets	Available- for-sale financial assets	Investments accounted for under the equity method	Investments accounted for under the equity method	Investments accounted for under the equity method	Investments accounted for under the equity method
Marketable security		Dynapack International Technology Corporation	Neo Solar Power Corp.	Delta Greentech SGP Pte Ltd.	Boom Treasure Limited	Grandview Holding Ltd.	Cyntec Holding (H.K.) Ltd.
Investor		Delta Electronics Inc.	Delta Electronics Inc.	Delta International Holding Ltd.	Delta International Holding Ltd.	Fairview Assets Ltd.	Grandview Holding Ltd.

Number of shares Amount Number of shares Amount Number of shares Selling price Book value Gain (loss) on disposal Number of shares Amount Investor Marketable security General ledger account Counterparty Relationship with the investor Balance as at January 1, 2014 Addition Disposal Balance as at December 31, 2014	- 1,101,478 $ - - $ - $ - $ - 4,764,272 $ Cyntec Cyntec Investments Cyntec Subsidiary - 3,662,794 $	(Note g) Holding (H.K.) Ltd. Electronics (Suzhou) Co., accounted for under Electronics (Suzhou) Co.,	Ltd. the equity Ltd.	method	52,056,222 313,220 - - - - 52,056,222 313,220 Cyntec Co., LUXTERA Financial None None - -	Ltd. Inc. assets	(Note h) carried at	cost-non-	current	Note a: The amount is the reversal of decrease in fair value caused by disposal.	Note b: In November 2014, Delta Electronics Inc. has acquired Neo Solar Power Corp. for cash of $1,061,734, which includes the recognition of valuation of fair value in the period.	Note c: In September 2014, Delta International Holding Ltd. has acquired Delta Greentech SGP Pte Ltd. for cash of $393,351, which includes the profit (loss) of associates recognised in the period and changes in net value.	Note d: In September 2014, Delta International Holding Ltd. has acquired Boom Treasure Limited for cash of $2,652,858, which includes the profit (loss) of associates recognised in the period.	Note e: Fairview Assets Ltd. invested $1,109,016 in Grandview Holding Ltd. and recognized share of profit (loss) accounted for under equity method and adjustment of change in net asset value.	Note f: Grandview Holding Ltd. invested $1,109,016 in Cyntec Holding (H.K.) Ltd. and recognized share of profit (loss) accounted for under equity method and adjustment of change in net asset value.	Note g: Cyntec Holding (H.K.) invested $1,107,750 in Cyntec Electronics (Suzhou) Co., Ltd. and recognized share of profit (loss) accounted for under equity method and adjustment of change in net asset value.	Note h: In December 2014, Cyntec Co., Ltd. has acquired Luxtera Inc. for cash of $313,220.	E. Acquisition of real estate reaching $300 million or 20% of paid-in capital:	If the counterparty is a related party, information as to the last	Original owner Relationship Date of the Real estate acquired by Real estate acquired transaction of the real estate is disclosed below: Basis or reference used in setting the price Reason for acquisition of real estate and status of the real estate Other Counterparty commitments Date of the event Transaction amount Status of payment Counterparty Relationship with the counterparty	who sold the real between the original Amount	estate to the original owner transaction	counterparty and the acquirer	None - - - $ - Compare and negotiate the price in open bids Office building Hangzhou Insigma Technology Industry Investment Co., Ltd - Delta Electronics (Shanghai) Co., Ltd. Buildings in Hangzhou 2014.8.29 $ 528,532 Acquired by cash

109

Note	Note
Notes / accounts receivable (payable)	Percentage of total notes/accounts receivable (payable)	0.79	0.60	1.45	0.02	20.27	1.04	-	85.71	0.00	0.01	3.11
	Balance	$ 60,517	80,131	46,008	111,087	1,836	1,554,521	-	2,570,334	127	152	93,376
Differences in transaction term compared to third party transactions	Credit terms	-	-	-	-	-	-	-	-	-	-	-
	Unit price	$ -	-	-	-	-	-	-	-	-	-	-
Transaction	Credit terms	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days
	Percentage of total purchases (sales)	3.94	0.52	0.63	0.65	0.27	17.52	2.04	60.50	1.60	0.63	0.57
	Amount	$ 1,522,424	200,435	243,507	252,341	105,617	6,765,156	499,030	14,782,130	390,982	154,137	140,161
	Purchases (sales) (Note a)	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
	Relationship with the counterparty	Subsidiary	Subsidiary	Subsidiary	Subsidiary	Subsidiary	Subsidiary	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Ultimate parent company	Affiliated enterprise
	Counterparty	Delta Electronics International Ltd.	Delta Electro-Optics (Wujiang) Ltd.	DEI Logistics (USA) Corp.	Delta Greentech (China) Co., Ltd.	Cyntec (Suzhou) Co. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Japan), Inc.	DEI Logistics (USA) Corp.	Vivitek Corporation	Delta Electronics Inc.	Deltronics (Netherlands) B.V.
	Purchaser/seller	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics International Ltd.

	Note
Notes / accounts receivable (payable)	Percentage of total notes/accounts receivable (payable)	-	-	-	0.96	4.73	12.89	4.34	2.45	0.00	2.16	1.27
	Balance	$ -	-	-	375,642	1,857,451	5,054,974	1,701,454	959,908	139	846,636	499,860
Differences in transaction term compared to third party transactions	Credit terms	-	-	-	-	-	-	-	-	-	-	-
	Unit price	$ -	-	-	-	-	-	-	-	-	-	-
Transaction	Credit terms	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days
	Percentage of total purchases (sales)	1.27	0.49	0.89	1.49	5.12	12.46	10.56	2.99	2.57	3.57	1.05
	Amount	$ 310,500	120,429	216,411	2,398,348	8,229,621	20,008,561	16,958,401	4,802,320	4,133,441	5,737,360	1,685,998
	Purchases (sales) (Note a)	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
	Relationship with the counterparty	Affiliated enterprise	Associate	Associate	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
	Counterparty	Delta Electronics Int'l (Singapore) Pte.Ltd.	Delta India Electronics Pvt. Ltd.	Digital Projection Ltd.	Delta Electronics International Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Chenzhou) Co., Ltd.
	Purchaser/seller	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.

111

	Note
Notes / accounts receivable (payable)	Percentage of total notes/accounts receivable (payable)	0.34	1.39	0.07	1.44	0.10	6.96	0.08	0.30	1.09	20.61	0.57	0.18
	Balance	$ 132,266	543,604	26,039	564,295	38,788	2,728,493	33,089	119,607	425,808	8,086,265	225,047	70,895
Differences in transaction term compared to third party transactions	Credit terms	-	-	-	-	-	-	-	-	-	-	-	-
	Unit price	$ -	-	-	-	-	-	-	-	-	-	-	-
Transaction	Credit terms	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days
	Percentage of total purchases (sales)	0.37	2.21	0.11	1.12	0.09	1.62	0.11	0.15	0.77	14.67	0.58	0.20
	Amount	$ 592,268	3,554,712	170,849	1,804,518	150,198	2,607,817	179,666	238,022	1,234,930	23,569,539	937,771	317,707
	Purchases (sales) (Note a)	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
	Relationship with the counterparty	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Ultimate parent company	Affiliated enterprise	Associate
	Counterparty	Chenzhou Delta Technology Co. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Wuhu Delta Technology Co., Ltd.	Delta Electronics (Japan), Inc.	Delta Electronics (Korea), Inc.	DEI Logistics (USA) Corp.	PreOptix (Jiang Su) Co. Ltd.	Vivitek Corporation	Delta Networks International Ltd.	Delta Electronics Inc.	Deltronics (Netherlands) B.V.	Delta Energy Systems (Switzerland) AG
	Purchaser/seller	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.

Note	Note
Notes / accounts receivable (payable)	Percentage of total notes/accounts receivable (payable)	0.46	0.14	0.44	0.32	0.13	0.69	0.50	43.67	30.74	0.31	1.05	91.22
	Balance	$ 178,601	53,389	172,842	127,429	50,566	270,571	197,750	4,987,852	3,510,293	35,390	120,301	5,231,508
Differences in transaction term compared to third party transactions	Credit terms	-	-	-	-	-	-	-	-	-	-	-	-
	Unit price	$ -	-	-	-	-	-	-	-	-	-	-	-
Transaction	Credit terms	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days
	Percentage of total purchases (sales)	0.23	0.11	0.55	0.34	0.33	0.61	0.21	46.77	25.88	0.72	1.47	82.06
	Amount	$ 366,154	184,660	884,302	547,678	535,302	972,483	337,672	17,838,798	9,873,057	275,559	562,268	17,744,340
	Purchases (sales) (Note a)	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
	Relationship with the counterparty	Associate	Associate	Associate	Associate	Associate	Related party in substance	Associate	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
	Counterparty	Delta Greentech (Brasil) S.A.	Delta Power Solutions (India) Pvt Ltd.	Delta Greentech (USA) Corporation	Delta India Electronics Pvt. Ltd.	Delta Electronics (Slovakia) s.r.o.	Delta Products Corporation	Digital Projection Ltd.	Delta Networks (Dongguan) Ltd.	DNI Logistics (USA) Corp.	Ayecom Technology Co., Ltd.	Delta Networks, Inc. (Taiwan)	Delta Networks International Ltd.
	Purchaser/seller	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Networks International Ltd.	Delta Networks International Ltd.	Delta Networks International Ltd.	Delta Networks International Ltd.	Delta Networks (Dongguan) Ltd.

113

	Note
Notes / accounts receivable (payable)	Percentage of total notes/accounts receivable (payable)	30.26	42.79	16.53	72.52	7.48	10.97	80.80	7.32	0.83	0.15
	Balance	$ 251,200	355,181	48,424	2,124,400	219,198	683,488	5,033,049	456,091	51,966	7,025
Differences in transaction term compared to third party transactions	Credit terms	-	-	-	-	-	-	-	-	-	-
	Unit price	$ -	-	-	-	-	-	-	-	-	-
Transaction	Credit terms	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days
	Percentage of total purchases (sales)	41.69	36.40	3.93	76.17	5.96	22.19	71.67	4.75	0.78	9.39
	Amount	$ 1,312,539	1,145,962	469,273	9,084,945	711,219	5,900,413	19,056,881	1,263,510	207,342	3,689,164
	Purchases (sales) (Note a)	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
	Relationship with the counterparty	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
	Counterparty	Delta Networks International Ltd.	DNI Logistics (USA) Corp.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Networks (Dongguan) Ltd.	Delta Electronics International Ltd.
	Purchaser/seller	Delta Networks, Inc. (Taiwan)	Delta Networks, Inc. (Taiwan)	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.

	Note
Notes / accounts receivable (payable)	Percentage of total notes/accounts receivable (payable)	28.88	0.01	69.28	0.26	46.24	46.54	-	68.96	28.80	1.30	2.16
	Balance	$ 1,369,010	642	3,283,924	5,687	999,278	1,005,845	-	1,033,405	431,595	19,430	28,410
Differences in transaction term compared to third party transactions	Credit terms	-	-	-	-	-	-	-	-	-	-	-
	Unit price	$ -	-	-	-	-	-	-	-	-	-	-
Transaction	Credit terms	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days
	Percentage of total purchases (sales)	8.29	0.64	80.93	2.09	13.68	81.57	14.89	58.65	1.71	24.50	44.19
	Amount	$ 3,255,952	250,124	31,797,117	171,035	1,120,205	6,678,035	1,514,721	5,968,199	173,687	2,493,590	3,678,700
	Purchases (sales) (Note a)	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
	Relationship with the counterparty	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
	Counterparty	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Wujiang) Trading Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Ltd.
	Purchaser/seller	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.

115

	Note
Notes / accounts receivable(payable)	Percentage of total notes/accounts receivable(payable)	52.09	2.10	40.98	0.13	95.24	4.76	75.43	99.88	30.74	67.33	58.11
	Balance	$ 686,029	27,701	539,683	25	1,281,962	64,035	83,000	947,826	278,705	610,516	3,058,708
Differences in transaction term compared to third partytransactions	Credit terms	-	-	-	-	-	-	-	-	-	-	-
	Unitprice	$ -	-	-	-	-	-	-	-	-	-	-
Transaction	Credit terms	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days	75 days
	Percentage of total purchases (sales)	19.66	6.48	26.18	27.63	76.80	23.20	64.56	98.93	20.56	75.81	59.76
	Amount	$ 1,636,710	539,438	2,180,029	251,397	5,559,122	1,679,074	427,879	6,042,932	701,393	2,586,340	10,270,683
	Purchases (sales) (Note a)	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
	Relationship with the counterparty	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
	Counterparty	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Wujiang) Trading Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Greentech (China) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics Int’l (Singapore) Pte. Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Delta Greentech (China) Co., Ltd.
	Purchaser/seller	Delta Video Display System (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Wujiang) Trading Co., Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Wuhu Delta Technology Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Chenzhou Delta Technology Co. Ltd.	Chenzhou Delta Technology Co. Ltd.	Delta Electronics (Shanghai) Co., Ltd.

										30~120 days after
Note										Note a: Including the service income in excess of $100,000. Note b: Selling price is based on materials cost plus administration fees and related costs. The collection term to related parties is 60~90 days after delivery and to third parties is receipt in advance or delivery.
Notes / accounts receivable (payable)	Percentage of total notes/accounts receivable (payable)	0.96	20.85	33.70	8.98	100.00	99.91	2.49	2.57
	Balance	$ 48,720	140,495	198,533	52,927	510,785	764,184	136,808	141,335
Differences in transaction term compared to third party transactions	Credit terms	-	-	(Note b)	-	(Note c)	(Note c)	(Note c)	-
	Unit price	$ -	-	(Note b)	-	(Note c)	(Note c)	(Note c)	-
Transaction	Credit terms	75 days	75 days	(Note b)	75 days	(Note c)	(Note c)	(Note c)	75 days
	Percentage of total purchases (sales)	0.99	12.24	57.44	5.48	100.00	99.76	5.02	2.98
	Amount	$ 572,365	596,211	2,062,956	196,747	2,778,456	5,321,911	740,004	483,261
	Purchases (sales) (Note a)	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
	Relationship with the counterparty	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
	Counterparty	Delta Electronics Int’l (Singapore) Pte. Ltd.	Delta Electronics Int’l (Singapore) Pte. Ltd.	Cyntec International Ltd.	DEI Logistics (USA) Corp.	Cyntec International Ltd.	Cyntec International Ltd.	Cyntec Co., Ltd.	Delta Electronics Int’l (Singapore) Pte. Ltd.
	Purchaser/seller	PreOptix (Jiang Su) Co. Ltd.	Delta Electronics (Japan), Inc.	Cyntec Co., Ltd.	Cyntec Co., Ltd.	Cyntec (Suzhou) Co. Ltd	Cyntec Electronics (Suzhou) Co., Ltd.	Cyntec International Ltd.	Cyntec International Ltd.

117

Allowance for doubtful accounts	Allowance for doubtful accounts	$ -	-	-	-	-	-	-	-	-	-
Amount collected subsequent to the balance date (Note b)		$ 56,316	1,754,633	2,549,625	358,686	1,857,451	5,054,974	1,701,454	959,908	846,636	499,860
Overdue receivables	Action taken	-	-	-	-	-	-	-	-	-	-
	Amount	$ -	-	225,484	-	-	-	-	-	-	-
Turnover	rate	3.96	5.89	4.37	7.86	4.46	4.05	9.26	7.46	6.62	4.24
Balance as at December 31, 2014 (Note a)		$ 111,087	1,754,633	2,570,334	375,642	1,857,451	5,054,974	1,701,454	959,908	846,636	499,860
Relationship with the counterparty		Subsidiary	Subsidiary	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
Counterparty		Delta Greentech (China) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Delta Electronics International Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Chenzhou) Co., Ltd.
Creditor		Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.

Allowance for doubtful accounts	Allowance for doubtful accounts	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount collected subsequent to the balance date (Note b)		$ 88,620	543,604	376,161	618,170	72,235	425,808	3,915,474	185,730	83,997	67,416	73,301	165,197	112,483	4,108,170
Overdue receivables	Action taken	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Amount	$ -	-	-	-	-	-	-	-	-	-	-	-	-	-
Turnover	rate	6.46	6.45	4.39	2.00	4.16	3.91	2.86	6.82	2.17	5.07	4.65	4.42	3.57	3.87
Balance as at December 31, 2014 (Note a)		$ 132,266	543,604	564,295	2,728,493	119,607	425,808	8,086,265	225,047	178,601	172,842	127,429	270,571	197,750	4,987,852
Relationship with the counterparty		Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Ultimate parent company	Affiliated enterprise	Associate	Associate	Associate	Related party in substance	Associate	Affiliated enterprise
Counterparty		Chenzhou Delta Technology Co. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Japan), Inc.	DEI Logistics (USA) Corp.	Vivitek Corporation	Delta Networks International Ltd.	Delta Electronics Inc.	Deltronics (Netherlands) B.V.	Delta Greentech (Brasil) S.A.	Delta Greentech (USA) Corporation	Delta India Electronics Pvt. Ltd.	Delta Products Corporation	Digital Projection Ltd.	Delta Networks (Dongguan) Ltd.
Creditor		Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Networks International Ltd.

119

Allowance for doubtful accounts	Allowance for doubtful accounts	-	-	-	-	-	-	-	-	-	-	-	-
Amount collected subsequent to the balance date (Note b)		$ 1,937,043	120,071	4,039,054	183,441	172,339	1,827,087	146,070	683,488	2,756,936	19,396	857,104	3,283,924
Overdue receivables	Action taken	-	-	-	-	-	-	-	-	-	-	-	-
	Amount	$ -	-	-	-	-	-	-	-	-	-	-	-
Turnover	rate	3.03	4.84	4.23	5.15	4.07	4.36	4.25	5.10	4.36	3.92	4.44	10.39
Balance as at December 31, 2014 (Note a)		$ 3,510,293	120,301	5,231,508	251,200	355,181	2,124,400	219,198	683,488	5,033,049	456,091	1,369,010	3,283,924
Relationship with the counterparty		Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
Counterparty		DNI Logistics (USA) Corp.	Delta Networks, Inc. (Taiwan)	Delta Networks International Ltd.	Delta Networks International Ltd.	DNI Logistics (USA) Corp.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.
Creditor		Delta Networks International Ltd.	Delta Networks International Ltd.	Delta Networks (Dongguan) Ltd.	Delta Networks, Inc. (Taiwan)	Delta Networks, Inc. (Taiwan)	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Jiangsu) Ltd.

Allowance for doubtful accounts	Allowance for doubtful accounts	-	-	-	-	-	-	-	-	-	-
Amount collected subsequent to the balance date (Note b)		$ 647,582	1,005,845	1,007,172	14,468	457,735	539,683	1,281,962	947,826	-	377,390
Overdue receivables	Action taken	-	-	-	-	-	-	-	-	-	-
	Amount	$ -	-	-	-	-	-	-	-	-	-
Turnover	rate	4.36	9.13	4.26	0.83	3.85	8.38	5.46	6.66	5.22	4.71
Balance as at December 31, 2014 (Note a)		$ 999,278	1,005,845	1,033,405	431,595	686,029	539,683	1,281,962	947,826	278,705	610,516
Relationship with the counterparty		Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
Counterparty		Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.
Creditor		Delta Electronics Components (Wujiang) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Chenzhou Delta Technology Co. Ltd.	Chenzhou Delta Technology Co. Ltd.

121

Allowance for doubtful accounts	Allowance for doubtful accounts	-	-	-	-	-	-	-
Amount collected subsequent to the balance date (Note b)		$ 1,899,842	42,858	198,533	510,785	764,184	136,808	83,738
Overdue receivables	Action taken	-	-	-	-	-	-	-
	Amount	$ -	-	-	-	-	-	-
Turnover	rate	3.91	4.07	9.22	8.57	10.48	3.53	4.52
Balance as at December 31, 2014 (Note a)		$ 3,058,708	140,495	198,533	510,785	764,184	136,808	141,335
Relationship with the counterparty		Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise	Affiliated enterprise
Counterparty		Delta Greentech (China) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec International Ltd.	Cyntec International Ltd.	Cyntec International Ltd.	Cyntec Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.
Creditor		Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Japan), Inc.	Cyntec Co., Ltd.	Cyntec (Suzhou) Co. Ltd.	Cyntec Electronics (Suzhou) Co., Ltd.	Cyntec International Ltd.	Cyntec International Ltd.

Percentage of consolidated total operating revenue or total assets (Note c)	0.80	0.11	0.13	0.13	0.06	3.55	0.26	7.75	0.21	0.08	0.07	0.16	1.26	4.32	10.50	8.90	2.52	2.17	3.01	0.88	0.31	1.86	0.09	0.95	0.08	1.37	0.09	0.12	0.65	12.36	0.49	0.18	9.36	5.18
Transaction terms	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)
Amount (Note h)	1,522,424 $	200,435	243,507	252,341	105,617	6,765,156	499,030	14,782,130	390,982	154,137	140,161	310,500	2,398,348	8,229,621	20,008,561	16,958,401	4,802,320	4,133,441	5,737,360	1,685,998	592,268	3,554,712	170,849	1,804,518	150,198	2,607,817	179,666	238,022	1,234,930	23,569,539	937,771	337,672	17,838,798	9,873,057
General ledger account	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
Relationship (Note b)	1	1	1	1	1	1	3	3	3	2	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	2	3	3	3	3
Counterparty	Delta Electronics International Ltd.	Delta Electro-Optics (Wujiang) Ltd.	DEI Logistics (USA) Corp.	Delta Greentech (China) Co., Ltd.	Cyntec (Suzhou) Co. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Japan), Inc.	DEI Logistics (USA) Corp.	Vivitek Corporation	Delta Electronics Inc.	Deltronics (Netherlands) B.V.	Delta Electronics Int'l (Singapore) Pte.Ltd.	Delta Electronics International Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Chenzhou Delta Technology Co. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Wuhu Delta Technology Co., Ltd.	Delta Electronics (Japan), Inc.	Delta Electronics (Korea), Inc.	DEI Logistics (USA) Corp.	PreOptix (Jiang Su) Co. Ltd.	Vivitek Corporation	Delta Networks International Ltd.	Delta Electronics Inc.	Deltronics (Netherlands) B.V.	Digital Projection Ltd.	Delta Networks (Dongguan) Ltd.	DNI Logistics (USA) Corp.
Company name	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Networks International Ltd.	Delta Networks International Ltd.
Number (Note a)	0	0	0	0	0	0	1	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	3	3

123

Percentage of consolidated total operating revenue or total assets (Note c)	0.14	0.29	9.31	0.69	0.60	0.25	4.77	0.37	3.10	10.00	0.66	0.11	1.94	1.71	0.13	16.68	0.09	0.59	3.50	0.79	3.13	0.09	1.31	1.93	0.86	0.28	1.14	0.13	2.92	0.88	0.22	3.17	0.37	1.36	5.39
Transaction terms	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note e)	(Note e)	(Note e)	(Note e)	(Note e)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)
Amount (Note h)	275,559 $	562,268	17,744,340	1,312,539	1,145,962	469,273	9,084,945	711,219	5,900,413	19,056,881	1,263,510	207,342	3,689,164	3,255,952	250,124	31,797,117	171,035	1,120,205	6,678,035	1,514,721	5,968,199	173,687	2,493,590	3,678,700	1,636,710	539,438	2,180,029	251,397	5,559,122	1,679,074	427,879	6,042,932	701,393	2,586,340	10,270,683
General ledger account	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales
Relationship (Note b)	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Counterparty	Ayecom TechnologyCo.,Ltd.	Delta Networks, Inc. (Taiwan)	Delta Networks International Ltd.	Delta Networks International Ltd.	DNI Logistics (USA) Corp.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Networks (Dongguan) Ltd.	Delta Electronics International Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Wujiang) Trading Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Wujiang) Trading Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Greentech (China) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics International Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics Int’l (Singapore) Pte. Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Delta Greentech (China) Co., Ltd.
Company name	Delta Networks International Ltd.	Delta Networks International Ltd.	Delta Networks (Dongguan) Ltd.	Delta Networks, Inc. (Taiwan)	Delta Networks, Inc. (Taiwan)	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Wujiang) Trading Co., Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Wuhu Delta Technology Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Chenzhou Delta Technology Co. Ltd.	Chenzhou Delta Technology Co. Ltd.	Delta Electronics (Shanghai) Co., Ltd.
Number (Note a)	3	3	4	5	5	6	6	6	7	7	7	7	8	8	8	8	9	9	9	10	10	10	10	11	11	11	11	12	13	13	14	15	16	16	17

Percentage of consolidated total operating revenue or total assets (Note c)	0.30	0.31	1.08	0.10	1.46	2.79	0.39	0.25	0.05	0.80	1.17	0.17	0.84	2.29	0.77	0.44	0.38	0.23	0.06	0.25	0.26	1.24	0.05	0.19	3.67	0.10	2.26	1.59	0.05	2.37	0.11	0.16	0.96	0.10
Transaction terms	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)
Amount (Note h)	572,365 $	596,211	2,062,956	196,747	2,778,456	5,321,911	740,004	483,261	111,087	1,754,633	2,570,334	375,642	1,857,451	5,054,974	1,701,454	959,908	846,636	499,860	132,266	543,604	564,295	2,728,493	119,607	425,808	8,086,265	225,047	4,987,852	3,510,293	120,301	5,231,508	251,200	355,181	2,124,400	219,198
General ledger account	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Sales	Accounts receivable	Accounts receivable and other receivables	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable
Relationship (Note b)	3	3	3	3	3	3	3	3	1	1	3	3	3	3	3	3	3	3	3	3	3	3	3	3	2	3	3	3	3	3	3	3	3	3
Counterparty	Delta Electronics Int’l (Singapore) Pte. Ltd.	Delta Electronics Int’l (Singapore) Pte. Ltd.	Cyntec International Ltd.	DEI Logistics (USA) Corp.	Cyntec International Ltd.	Cyntec International Ltd.	Cyntec Co., Ltd.	Delta Electronics Int’l (Singapore) Pte. Ltd.	Delta Greentesh (China) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	DEI Logistics (USA) Corp.	Delta Electronics International Ltd.	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Chenzhou Delta Technology Co. Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Japan), Inc.	DEI Logistics (USA) Corp.	Vivitek Corporation	Delta Networks International Ltd.	Delta Electronics Inc.	Deltronics (Netherlands) B.V.	Delta Networks (Dongguan) Ltd.	DNI Logistics (USA) Corp.	Delta Networks, Inc. (Taiwan)	Delta Networks International Ltd.	Delta Networks International Ltd.	DNI Logistics (USA) Corp.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.
Company name	PreOptix (Jiang Su) Co. Ltd.	Delta Electronics (Japan), Inc.	Cyntec Co., Ltd.	Cyntec Co., Ltd.	Cyntec (Suzhou) Co. Ltd	Cyntec Electronics (Suzhou) Co., Ltd.	Cyntec International Ltd.	Cyntec International Ltd.	Delta Electronics Inc.	Delta Electronics Inc.	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Networks International Ltd.	Delta Networks International Ltd.	Delta Networks International Ltd.	Delta Networks (Dongguan) Ltd.	Delta Networks, Inc. (Taiwan)	Delta Networks, Inc. (Taiwan)	Delta Electronics (Dongguan) Co., Ltd.	Delta Electronics (Dongguan) Co., Ltd.
Number (Note a)	18	19	20	20	21	22	23	23	0	0	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	3	3	3	4	5	5	6	6

125

	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)	Note a: The transaction information of the Company and the consolidated subsidiaries should be noted in column “Number”. The number means: 1. Parent company is ‘0’ 2. The subsidiaries are numbered in order starting from ‘1’. Note b: Relationship between transaction company and counterparty is classified into the following three categories: 1. Parent company to subsidiary. 2. Subsidiary to parent company. 3. Subsidiary to subsidiary Note c: Regarding percentage of transaction amount to consolidated total operating revenues or total assets, it is computed based on period-end balance of transaction to consolidated total assets for balance sheet accounts and based on accumulated transaction amount for the period to consolidated total operating revenues for income statement accounts. Note d: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 75 days. Note e: There is no similar transaction to compare with. It will follow the agreed price and transaction terms and all the credit terms are 60~90 days. Note f: Only related party transactions in excess of $100 million are disclosed. General ledger account Amount (Note h) Transaction terms Percentage of consolidated total operating revenue or total assets (Note c) 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics International Ltd. 3 Accounts receivable 683,488 $ (Note d) 0.31 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 5,033,049 (Note d) 2.28 7 Delta Electronics Power (Dongguan) Co., Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 456,091 (Note d) 0.21 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,369,010 (Note d) 0.62 8 Delta Electronics (Jiangsu) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 3,283,924 (Note d) 1.49 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 999,278 (Note d) 0.45 9 Delta Electronics Components (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,005,845 (Note d) 0.46 10 Delta Electro-Optics (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 1,033,405 (Note d) 0.47 10 Delta Electro-Optics(Wujiang)Ltd. Delta Electronics(Wujiang)TradingCo.,Ltd. 3 Accounts receivable 431,595 (Note d) 0.20 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics (Shanghai) Co., Ltd. 3 Accounts receivable 686,029 (Note d) 0.31 11 Delta Video Display System (Wujiang) Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 539,683 (Note d) 0.24 13 Delta Electronics (Wuhu) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 1,281,962 (Note d) 0.58 15 Delta Electronics (Chenzhou) Co., Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 947,826 (Note d) 0.43 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics Power (Dongguan) Co., Ltd. 3 Accounts receivable 278,705 (Note d) 0.13 16 Chenzhou Delta Technology Co. Ltd. Delta Electronics (Chenzhou) Co., Ltd. 3 Accounts receivable 610,516 (Note d) 0.28 17 Delta Electronics (Shanghai) Co., Ltd. Delta Greentech (China) Co., Ltd. 3 Accounts receivable 3,058,708 (Note d) 1.39 19 Delta Electronics (Japan), Inc. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 140,495 (Note d) 0.06 20 Cyntec Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 257,709 (Note e) 0.12 21 Cyntec (Suzhou) Co. Ltd Cyntec International Ltd. 3 Accounts receivable 510,785 (Note e) 0.23 22 Cyntec Electronics (Suzhou) Co., Ltd. Cyntec International Ltd. 3 Accounts receivable 764,184 (Note e) 0.35 23 Cyntec International Ltd. Cyntec Co., Ltd. 3 Accounts receivable 136,808 (Note e) 0.06 23 Cyntec International Ltd. Delta Electronics Int'l (Singapore) Pte. Ltd. 3 Accounts receivable 141,335 (Note d) 0.06 Number (Note a) Company name Counterparty Relationship (Note b)
Transaction	Percentage of consolidated total operating revenue or total assets (Note c)	0.31	2.28	0.21	0.62	1.49	0.45	0.46	0.47	0.20	0.31	0.24	0.58	0.43	0.13	0.28	1.39	0.06	0.12	0.23	0.35	0.06	0.06
	Transaction terms	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note d)	(Note e)	(Note e)	(Note e)	(Note e)	(Note d)
	Amount (Note h)	683,488 $	5,033,049	456,091	1,369,010	3,283,924	999,278	1,005,845	1,033,405	431,595	686,029	539,683	1,281,962	947,826	278,705	610,516	3,058,708	140,495	257,709	510,785	764,184	136,808	141,335
	General ledger account	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable	Accounts receivable
	Relationship (Note b)	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
	Counterparty	Delta Electronics International Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics(Wujiang)TradingCo.,Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Delta Greentech (China) Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.	Cyntec International Ltd.	Cyntec International Ltd.	Cyntec International Ltd.	Cyntec Co., Ltd.	Delta Electronics Int'l (Singapore) Pte. Ltd.
	Company name	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics (Jiangsu) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electro-Optics (Wujiang) Ltd.	Delta Electro-Optics(Wujiang)Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.	Chenzhou Delta Technology Co. Ltd.	Chenzhou Delta Technology Co. Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Japan), Inc.	Cyntec Co., Ltd.	Cyntec (Suzhou) Co. Ltd	Cyntec Electronics (Suzhou) Co., Ltd.	Cyntec International Ltd.	Cyntec International Ltd.
	Number (Note a)	7	7	7	8	8	9	9	10	10	11	11	13	15	16	16	17	19	20	21	22	23	23

	Note	(Note j)	-	-	-	-
	Investment income (loss) recognized by the Company for the year ended December 31, 2014	$ 5,842,455	2,403,674	14,966	3,828,755	148,574
	Net income (loss) of the investee for the year ended December 31, 2014	$ 6,410,023	2,403,674	37,771	4,231,330	148,574
Shares held as at December 31, 2014	Book value	$ 62,215,252	11,975,432	216,191	26,580,579	2,697,879
	Ownership (%)	94.00	100.00	39.62	100.00	100.00
	Number of shares	67,680,000	39,800,000	5,250,000	1,139,489,778	250,000,000
Initial investment amount	Balance as at December 31, 2013	$ 8,922,118	1,377,206	159,935	12,067,931	2,500,000
	Balance as at December 31, 2014	$ 8,922,118	1,377,206	159,935	12,067,931	2,500,000
	Main business activities	Equity investments	Equity investments	Equity investments	Research, development, manufacturing and sales of thin film optic-electronic devices	Equity investments
	Location	Cayman Islands	Cayman Islands	Hong Kong	Taiwan	Taiwan
	Investee	Delta International Holding Ltd.	Delta Networks Holding Ltd.	PreOptix (Hong Kong) Co., Ltd.	Cyntec Co., Ltd.	Delta Electronics Capital Company
	Investor	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.

127

	Note	-	-	-	-	-	(Note k)	-
	Investment income (loss) recognized by the Company for the year ended December 31, 2014	$ 6,801,612	( 187,228)	71,797	( 18,449)	( 59,078)	1,070,975	( 3,590)
	Net income (loss) of the investee for the year ended December 31, 2014	$ 7,162,453	( 187,228)	71,819	( 18,449)	( 71,082)	5,532,426	31,753
Shares held as at December 31, 2014	Book value	$ 7,014,745	174,058	2,740,151	-	( 37,766)	6,269,174	254,160
	Ownership (%)	100.00	100.00	99.97	-	83.11	5.54	26.93
	Number of shares	300,000	80,000,000	271,017,597	-	1,313,530	69,128,140	8,197,200
Initial investment amount	Balance as at December 31, 2013	$ 7,270	540,000	2,710,152	250,000	332,442	114,615	426,848
	Balance as at December 31, 2014	$ 7,270	800,000	2,710,152	-	13,135	114,615	247,066
	Main business activities	Sales of electronics products	Manufacturing, wholesale and retail of medical equipment	Manufacturing and sales of color filter and lease services, etc.	Research, designing, development, manufacturing and sales of intelligent robot systems and automation engineering, etc.	Designing and experimenting on integrated circuit and information software services	Manufacturing and sales of electronic products	Manufacturing of lithium polymer batteries and related systems
	Location	Singapore	Taiwan	Taiwan	Taiwan	Taiwan	Thailand	Taiwan
	Investee	Delta Electronics Int'l (Singapore) Pte. Ltd.	DelBio Inc.	Allied Material Technology Corp.	Delta Robot Automatic Co., Ltd.	NeoEnergy Microelectronics, Inc.	Delta Electronics (Thailand) Public Co., Ltd.	Amita Technologies, Inc.
	Investor	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.

	Note	-	-	-	-	(Notes a and j)	(Note a)	(Note a)	(Note a)	(Note a)
	Investment income (loss) recognized by the Company for the year ended December 31, 2014	$ 57,108	( 161)	( 15,423)	( 4,821)	1,920,987	4,151,800	47,208	( 33,728)	53,940
	Net income (loss) of the investee for the year ended December 31, 2014	$ 37,940	( 159)	( 22,033)	( 4,821)	1,652,232	4,151,800	47,208	( 140,772)	53,940
Shares held as at December 31, 2014	Book value	$ 336,354	-	88,338	130,262	7,997,412	40,954,071	356,650	34,176	222,401
	Ownership (%)	100.00	-	70.00	100.00	100.00	100.00	100.00	19.78	100.00
	Number of shares	4,765,000	-	11,025,000	23,650,000	2,000,000	2,549,297,600	22,200,000	9,000,000	5,600
Initial investment amount	Balance as at December 31, 2013	$ 36,723	10,000	110,250	-	63,300	10,393,768	510,839	569,700	90,486
	Balance as at December 31, 2014	$ 192,224	-	110,250	135,083	63,300	10,393,768	510,839	569,700	90,486
	Main business activities	Sales of electronic products	Research, development, energy, technology, meeting, exhibition, and leasing services	Manufacturing of electronic parts, etc.	Installment construction of lighting equipment	Sales of electronic products	Equity investments	Equity investments	Research on special chemical materials used in precision coating process	Sales of power products, display solution products, electronic components, industrial automation products and their materials
	Location	Netherlands	Taiwan	Taiwan	Taiwan	Malaysia	Hong Kong	Cayman Islands	U.S.A	Japan
	Investee	Deltronics (Netherlands) B.V.	Delta Smart Green Life Co., Ltd.	SYN-TEK Automation Co., Ltd.	Delta Green Life Co., Ltd.	Delta Electronics International Ltd.	Delta Electronics (H.K.) Ltd.	DAC Holding (Cayman) Ltd.	Trillion Science, Inc.	Delta Electronics (Japan), Inc.
	Investor	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta Electronics, Inc.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.

129

	Note	(Note a)	(Note a)	(Note a)	(Note a)	(Note a)	(Note a)	(Note a)	(Note a)	(Note a)	(Note a)
	Investment income (loss) recognized by the Company for the year ended December 31, 2014	($ 53,349)	22,710	( 1,251)	9,561	12,877	155,254	-	( 5,486)	4,707	4,886
	Net income (loss) of the investee for the year ended December 31, 2014	($ 56,067)	37,613	( 1,251)	9,561	25,456	315,415	2,641	2,997	48,784	8,025
Shares held as at December 31, 2014	Book value	$ 292,213	312,920	60,832	119,463	493,047	6,144,260	-	76,572	880,044	116,964
	Ownership (%)	41.00	60.38	100.00	100.00	100.00	100.00	-	100.00	100.00	100.00
	Number of shares	19,249,667	8,000,000	10,000,000	500,000	2,858,718	1	1	9,000,000	12,175,470	500,000
Initial investment amount	Balance as at December 31, 2013	$ 251,312	253,200	40,931	15,825	432,196	5,447,482	-	47,475	474,750	-
	Balance as at December 31, 2014	$ 362,087	253,200	40,931	15,825	432,196	5,447,482	-	47,475	884,005	115,839
	Main business activities	Equity investments	Equity investments	Operations management and engineering services	Warehousing and logistics services	Equity investments	Equity investments	Sales of power management system of industrial automation product and telecommunications equipment	Sales of projector products	Equity investments	Repair centre and providing of support service
	Location	Britain	Hong Kong	Hong Kong	U.S.A	Samoa	British Virgin Islands	Mexico	U.S.A	Singapore	Britain
	Investee	Digital Projection International Ltd.	PreOptix (Hong Kong) Co., Ltd.	Delta Power Sharp Ltd.	DEI Logistics (USA) Corp.	Ace Pillar Holding Ltd.	Drake Overseas Financial Investment Ltd.	Delta Electronics International Mexico SA DE C.V.	Vivitek Corporation	Delta Greentech SGP Pte Ltd.	Delta Electronics Europe Limited
	Investor	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.	Delta International Holding Ltd.

	Note	(Note a)	(Note b)	(Note b)	(Note c)	(Note d)	(Note e)	(Note e)	(Note e)	(Note e)
	Investment income (loss) recognized by the Company for the year ended December 31, 2014	($ 16,021)	( 263)	2,641	315,666	2,405,991	697,348	256,736	1,522,784	4,334
	Net income (loss) of the investee for the year ended December 31, 2014	$ 25,524	( 51)	2,641	315,666	2,436,632	697,348	256,787	1,591,988	4,334
Shares held as at December 31, 2014	Book value	$ 2,728,918	-	8,857	3,364,785	11,946,291	3,924,802	2,016,062	6,016,600	49,213
	Ownership (%)	100.00	-	100.00	100.00	100.00	100.00	99.98	100.00	100.00
	Number of shares	1	-	252,002	304,504,306	1,196,886,000	35,000,000	50,040,838	1,000,000	500,000
Initial investment amount	Balance as at December 31, 2013	$ -	94,950	33,232	1,235,585	5,629,236	1,107,750	466,816	31,650	17,599
	Balance as at December 31, 2014	$ 2,757,376	-	33,232	1,235,585	5,629,236	1,107,750	466,816	31,650	17,599
	Main business activities	Equity investments	Equity investments	Sales of power management system of industrial automation product and telecommunications equipment	Equity investments	Equity investments	Equity investments	Manufacturing and sales of networking system and peripherals	Trading of networking system and peripherals	Trading of networking system and peripherals
	Location	Hong Kong	Hong Kong	Mexico	Hong Kong	Cayman Islands	Hong Kong	Taiwan	Malaysia	U.S.A
	Investee	Boom Treasure Limited	Crystalrich (Hong Kong) Co., Ltd.	Delta Electronics International Mexico SA DE C.V.	Drake Investment (H.K.) Ltd.	Delta Networks Inc.	Delta Networks (H.K.) Limited	Delta Networks, Inc. (Taiwan)	Delta Networks International Ltd.	DNI Logistics (USA) Corp.
	Investor	Delta International Holding Ltd.	Delta Electronics (H.K.) Ltd.	Delta Electronics (H.K.) Ltd.	Drake Overseas Financial Investment Ltd.	Delta Networks Holding Ltd.	Delta Networks, Inc.	Delta Networks, Inc.	Delta Networks, Inc.	Delta Networks, Inc.

131

	Note	(Note f)	(Note g)	(Note h)	(Notes i and j)	(Note i)
	Investment income (loss) recognized by the Company for the year ended December 31, 2014	$ 17,212	4,455,585	4,461,500	4,623,987	( 162,492)
	Net income (loss) of the investee for the year ended December 31, 2014	$ 47,130	4,455,585	4,461,500	4,669,625	( 162,492)
Shares held as at December 31, 2014	Book value	$ 133,767	20,754,884	20,744,295	13,964,438	6,775,342
	Ownership (%)	100.00	100.00	100.00	100.00	100.00
	Number of shares	30,000,000	32,620,062	207,180,000	5,000,000	202,180,000
Initial investment amount	Balance as at December 31, 2013	$ 185,000	1,111,403	5,448,231	158,250	5,289,981
	Balance as at December 31, 2014	$ 185,000	1,112,600	6,557,247	158,250	6,398,997
	Main business activities	Manufacturing and sales of wire and wireless telecommunications equipment, electronic parts and controlled telecommunications radio frequency devices	Equity investments	Equity investments	Trading	Equity investments
	Location	Taiwan	Cayman Islands	Cayman Islands	Malaysia	Hong Kong
	Investee	Ayecom Technology Co., Ltd.	Fairview Assets Ltd.	Grandview Holding Ltd.	Cyntec International Ltd.	Cyntec Holding (H.K.) Ltd.
	Investor	Delta Networks, Inc. (Taiwan)	Cyntec Co., Ltd.	Fairview Assets Ltd.	Grandview Holding Ltd.	Grandview Holding Ltd.

Note	Note	(Notes c and u)	(Notes d and t)	(Notes e and u)	(Notes f and u)	(Notes g and u)	(Notes h and u)
Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014		$ 305,739	-	425,249	-	-	-
Book value of investments in Mainland China as of December 31, 2014		$ 4,384,228	3,402,217	3,001,737	6,149,518	4,381,141	2,867,186
Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s)		$ 211,436	506,002	779,338	1,230,921	170,403	270,016
Ownership held by Company (direct or indirect)		94.00	90.16	94.00	94.00	94.00	94.00
Net income of investee for the year ended December 31, 2014		$ 238,163	748,507	703,408	1,309,310	181,665	165,755
Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014		$ 2,127,861	9,239,392	535,518	-	178,506	-
Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014	Remitted back to Taiwan	$ -	-	-	-	-	-
	Remitted to Mainland China	$ -	2,976,633	-	-	-	-
Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014		$ 2,127,861	6,262,759	535,518	-	178,506	-
Investment method		Invested by DHK	Invested by DIH, Ace, Drake, DGSG and Boom	Invested by DHK	Invested by DHK	Invested by DHK	Invested by DHK
Paid-in capital		$3,095,687	2,896,743	1,332,465	4,045,088	4,241,100	1,993,950
Main business activities		Manufacturing and sales of transformers and power supplies	Manufacturing and sales of uninterruptible power supplies	Manufacturing and sales of power supplies	Product design and management consulting service, etc.	Manufacturing and sales of transformers and power supplies	Manufacturing and sales of transformers and power supplies
Investee in Mainland China		Delta Electronics (Dongguan) Co., Ltd.	Delta Greentech (China) Co., Ltd.	Delta Electronics Power (Dongguan) Co., Ltd.	Delta Electronics (Shanghai) Co., Ltd.	Delta Electronics (Wuhu) Co., Ltd.	Delta Electronics (Chenzhou) Co., Ltd.

133

Note	Note	(Note u)	(Notes i and u)	(Notes j and u)	(Notes k and u)	(Notes l and u)	(Notes m and u)
Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014		$ -	-	55,839	-	-	-
Book value of investments in Mainland China as of December 31, 2014		$ 3,819,303	3,312,848	1,318,356	1,305,362	608,287	836,247
Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s)		$ 405,360	335,362	428,597	87,241	116,011	( 8,190)
Ownership held by Company (direct or indirect)		51.70	51.70	51.70	51.70	94.00	94.00
Net income of investee for the year ended December 31, 2014		$ 762,734	647,737	837,347	135,938	123,497	( 8,666)
Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014		$ 654,522	654,522	409,076	212,720	11,900	982,745
Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014	Remitted back to Taiwan	$ -	-	-	-	-	-
	Remitted to Mainland China	$ -	-	-	-	-	-
Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014		$ 654,522	654,522	409,076	212,720	11,900	982,745
Investment method		Invested by DHK	Invested by DHK	Invested by DHK	Invested by DHK	Invested by DHK	Invested by DHK
Paid-in capital		$1,266,000	2,810,837	917,850	917,850	63,300	716,872
Main business activities		Manufacturing and sales of power supplies	Manufacturing and sales of power supplies	Manufacturing and sales of peripherals and electronic control equipments	Manufacturing and sales of various projectors	Installation, consulting and trading of electronic products	Manufacturing and sales of transformers and bluetooth module
Investee in Mainland China		Delta Electronics (Jiangsu) Ltd.	Delta Electronics Components (Wujiang) Ltd.	Delta Electro- Optics (Wujiang) Ltd.	Delta Video Display System (Wujiang) Ltd.	Delta Electronics (Wujiang) Trading Co., Ltd.	Delta Green (Tianjin) Industries Co., Ltd.

Note	Note	(Notes n and v)	(Notes o and v)	(Note v)
Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014		$ 696,300	-	-
Book value of investments in Mainland China as of December 31, 2014		$ 3,116,372	85,926	3,778
Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s)		$ 707,679	4,107	3,375
Ownership held by Company (direct or indirect)		100.00	100.00	100.00
Net income of investee for the year ended December 31, 2014		$ 707,679	4,107	3,375
Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014		$ 1,414,956	89,710	22,155
Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014	Remitted back to Taiwan	$ -	-	-
	Remitted to Mainland China	$ -	-	-
Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014		$ 1,414,956	89,710	22,155
Investment method		Invested by DNHK	Invested by DNHK	Invested by DNHK
Paid-in capital		$1,107,750	63,300	22,155
Main business activities		Manufacturing and sales of other radio transmission apparatus incorporating reception apparatus and other radio-broadcast receivers, combined with sound recording or reproducing apparatus	Design of computer software	Operation of radio transmission apparatus, and automatic data processing, reception, conversion and transmission or regeneration of voice, images or other data of the machine, including switches and outers, with a special program to control a computer or word processor with memory business
Investee in Mainland China		Delta Networks (Dongguan) Ltd.	Delta Networks (Shanghai) Ltd.	Delta Networks (Xiamen) Ltd.

135

Note	Note	(Notes p and w)	(Note w)	(Notes q and x)	(Note r)	(Note r)
Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014		$ -	-	-	-	-
Book value of investments in Mainland China as of December 31, 2014		$ 2,038,845	4,764,272	489,962	234,885	7,905
Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s)		($ 2,893)	( 10,567)	37,771	34,190	( 637)
Ownership held by Company (direct or indirect)		100.00	100.00	96.38	94.00	94.00
Net income of investee for the year ended December 31, 2014		($ 28,933)	( 105,674)	39,162	36,372	( 678)
Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014		$ 1,945,284	4,336,050	404,171	-	-
Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014	Remitted back to Taiwan	$ -	-	-	-	-
	Remitted to Mainland China	$ -	1,107,750	-	-	-
Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014		$ 1,945,284	3,228,300	404,171	-	-
Investment method		Invested by CHK	Invested by CHK	Invested by PHK	Invested by DWH	Invested by DPEC and DWH
Paid-in capital		$2,057,250	4,336,050	419,363	150,447	10,200
Main business activities		Research, development, manufacturing and sales of new-type electronic components and wholesale, import and export of similar products	Research, development, manufacturing and sales of new-type electronic components (chip components, sensing elements, hybrid integrated circuits) and wholesale, import and export of similar products	Manufacturing and sales of lenses and optical engines for projectors	Manufacturing and sales of transformers and power supplies	Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc.
Investee in Mainland China		Cyntec (Suzhou) Co., Ltd.	Cyntec Electronics (Suzhou) Co., Ltd.	PreOptix (Jiangsu) Co., Ltd.	Wuhu Delta Technology Co., Ltd.	Delta Energy Technology (Wuhu) Co., Ltd.

Note	Note	(Note r)	(Note r)	(Note r)	(Note r)
Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014		$ -	-	-	-
Book value of investments in Mainland China as of December 31, 2014		$ 386,495	9,443	150,717	10,673
Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s)		$ 109,539	175	4,600	153
Ownership held by Company (direct or indirect)		94.00	94.00	94.00	94.00
Net income of investee for the year ended December 31, 2014		$ 117,863	187	4,915	163
Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014		$ -	-	-	-
Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014	Remitted back to Taiwan	$ -	-	-	-
	Remitted to Mainland China	$ -	-	-	-
Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014		$ -	-	-	-
Investment method		Invested by DCZ	Invested by DPEC and DCZ	Invested by DPEC and DDG	Invested by DPEC and DWO
Paid-in capital		$ 130,047	10,200	30,599	20,400
Main business activities		Manufacturing and sales of transformers and power supplies	Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc.	Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc.	Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc.
Investee in Mainland China		Chenzhou Delta Technology Co., Ltd.	Delta Energy (Chenzhou) Technology Co., Ltd.	Delta Energy Technology (Dongguan) Co., Ltd.	Delta Energy Technology (Wujiang) Co., Ltd.

137

Note a: The capital was translated based on the capital certified report of the investee companies into New Taiwan Dollars at the average exchange rate of RMB 6.2060 to US$1 and RMB 5.0999 to NT$1. Note b: The accumulated remittance as of January 1, 2014, remitted or collected this period, accumulated remittance as of December 31, 2014 and investment income remitted back as of December 31, 2014 was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note c: Except for the facility of US$67,231 permitted by Investment Commission, the capitalization of earnings of US$27,081 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note d: Except for the facility of US$291,924 permitted by Investment Commission, the capitalization of earnings of US$980 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note e: Except for the facility of US$16,920 permitted by Investment Commission, the capitalization of earnings of US$22,654 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note f: The capitalization of earnings of US$110,401 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note g: Except for the facility of US$5,640 permitted by Investment Commission, the capitalization of earnings of US$120,320 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note h: The capitalization of earnings of US$59,220 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Remitted to Mainland China Remitted back to Taiwan Delta Energy Technology (Shanghai) Co., Ltd. Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc. $ 50,999 Invested by DPEC and DGC $ - $ - $ - $ - ($ 4,721) 90.54 ($ 4,274) $ 39,103 $ - (Note r) DelBio (Wujiang) Co., Ltd. Manufacturing, wholesale and retail of medical equipment 60,840 Invested by DelBio 48,102 15,192 - 63,300 ( 12,927) 100.00 ( 12,927) 40,081 - - Delta Electronics (Pingtan) Co., Ltd. Electronic and energy- saving equipment wholesale,etc. 25,841 Invested by DHK - 23,829 - 23,829 - 94.00 ( 425) 23,527 - (Note y) Book value of investments in Mainland China as of December 31, 2014 Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014 Note Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014 Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014 Net income of investee for the year ended December 31, 2014 Ownership held by Company (direct or indirect) Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s) Investee in Mainland China Main business activities Paid-in capital Investment method Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014	Note a: The capital was translated based on the capital certified report of the investee companies into New Taiwan Dollars at the average exchange rate of RMB 6.2060 to US$1 and RMB 5.0999 to NT$1. Note b: The accumulated remittance as of January 1, 2014, remitted or collected this period, accumulated remittance as of December 31, 2014 and investment income remitted back as of December 31, 2014 was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note c: Except for the facility of US$67,231 permitted by Investment Commission, the capitalization of earnings of US$27,081 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note d: Except for the facility of US$291,924 permitted by Investment Commission, the capitalization of earnings of US$980 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note e: Except for the facility of US$16,920 permitted by Investment Commission, the capitalization of earnings of US$22,654 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note f: The capitalization of earnings of US$110,401 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note g: Except for the facility of US$5,640 permitted by Investment Commission, the capitalization of earnings of US$120,320 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note h: The capitalization of earnings of US$59,220 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Remitted to Mainland China Remitted back to Taiwan Delta Energy Technology (Shanghai) Co., Ltd. Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc. $ 50,999 Invested by DPEC and DGC $ - $ - $ - $ - ($ 4,721) 90.54 ($ 4,274) $ 39,103 $ - (Note r) DelBio (Wujiang) Co., Ltd. Manufacturing, wholesale and retail of medical equipment 60,840 Invested by DelBio 48,102 15,192 - 63,300 ( 12,927) 100.00 ( 12,927) 40,081 - - Delta Electronics (Pingtan) Co., Ltd. Electronic and energy- saving equipment wholesale,etc. 25,841 Invested by DHK - 23,829 - 23,829 - 94.00 ( 425) 23,527 - (Note y) Book value of investments in Mainland China as of December 31, 2014 Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014 Note Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014 Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014 Net income of investee for the year ended December 31, 2014 Ownership held by Company (direct or indirect) Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s) Investee in Mainland China Main business activities Paid-in capital Investment method Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014	Note a: The capital was translated based on the capital certified report of the investee companies into New Taiwan Dollars at the average exchange rate of RMB 6.2060 to US$1 and RMB 5.0999 to NT$1. Note b: The accumulated remittance as of January 1, 2014, remitted or collected this period, accumulated remittance as of December 31, 2014 and investment income remitted back as of December 31, 2014 was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note c: Except for the facility of US$67,231 permitted by Investment Commission, the capitalization of earnings of US$27,081 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note d: Except for the facility of US$291,924 permitted by Investment Commission, the capitalization of earnings of US$980 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note e: Except for the facility of US$16,920 permitted by Investment Commission, the capitalization of earnings of US$22,654 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note f: The capitalization of earnings of US$110,401 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note g: Except for the facility of US$5,640 permitted by Investment Commission, the capitalization of earnings of US$120,320 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note h: The capitalization of earnings of US$59,220 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Remitted to Mainland China Remitted back to Taiwan Delta Energy Technology (Shanghai) Co., Ltd. Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc. $ 50,999 Invested by DPEC and DGC $ - $ - $ - $ - ($ 4,721) 90.54 ($ 4,274) $ 39,103 $ - (Note r) DelBio (Wujiang) Co., Ltd. Manufacturing, wholesale and retail of medical equipment 60,840 Invested by DelBio 48,102 15,192 - 63,300 ( 12,927) 100.00 ( 12,927) 40,081 - - Delta Electronics (Pingtan) Co., Ltd. Electronic and energy- saving equipment wholesale,etc. 25,841 Invested by DHK - 23,829 - 23,829 - 94.00 ( 425) 23,527 - (Note y) Book value of investments in Mainland China as of December 31, 2014 Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014 Note Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014 Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014 Net income of investee for the year ended December 31, 2014 Ownership held by Company (direct or indirect) Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s) Investee in Mainland China Main business activities Paid-in capital Investment method Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014	Note a: The capital was translated based on the capital certified report of the investee companies into New Taiwan Dollars at the average exchange rate of RMB 6.2060 to US$1 and RMB 5.0999 to NT$1. Note b: The accumulated remittance as of January 1, 2014, remitted or collected this period, accumulated remittance as of December 31, 2014 and investment income remitted back as of December 31, 2014 was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note c: Except for the facility of US$67,231 permitted by Investment Commission, the capitalization of earnings of US$27,081 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note d: Except for the facility of US$291,924 permitted by Investment Commission, the capitalization of earnings of US$980 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note e: Except for the facility of US$16,920 permitted by Investment Commission, the capitalization of earnings of US$22,654 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note f: The capitalization of earnings of US$110,401 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note g: Except for the facility of US$5,640 permitted by Investment Commission, the capitalization of earnings of US$120,320 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note h: The capitalization of earnings of US$59,220 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Remitted to Mainland China Remitted back to Taiwan Delta Energy Technology (Shanghai) Co., Ltd. Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc. $ 50,999 Invested by DPEC and DGC $ - $ - $ - $ - ($ 4,721) 90.54 ($ 4,274) $ 39,103 $ - (Note r) DelBio (Wujiang) Co., Ltd. Manufacturing, wholesale and retail of medical equipment 60,840 Invested by DelBio 48,102 15,192 - 63,300 ( 12,927) 100.00 ( 12,927) 40,081 - - Delta Electronics (Pingtan) Co., Ltd. Electronic and energy- saving equipment wholesale,etc. 25,841 Invested by DHK - 23,829 - 23,829 - 94.00 ( 425) 23,527 - (Note y) Book value of investments in Mainland China as of December 31, 2014 Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014 Note Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014 Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014 Net income of investee for the year ended December 31, 2014 Ownership held by Company (direct or indirect) Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s) Investee in Mainland China Main business activities Paid-in capital Investment method Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014	Note a: The capital was translated based on the capital certified report of the investee companies into New Taiwan Dollars at the average exchange rate of RMB 6.2060 to US$1 and RMB 5.0999 to NT$1. Note b: The accumulated remittance as of January 1, 2014, remitted or collected this period, accumulated remittance as of December 31, 2014 and investment income remitted back as of December 31, 2014 was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note c: Except for the facility of US$67,231 permitted by Investment Commission, the capitalization of earnings of US$27,081 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note d: Except for the facility of US$291,924 permitted by Investment Commission, the capitalization of earnings of US$980 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note e: Except for the facility of US$16,920 permitted by Investment Commission, the capitalization of earnings of US$22,654 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note f: The capitalization of earnings of US$110,401 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note g: Except for the facility of US$5,640 permitted by Investment Commission, the capitalization of earnings of US$120,320 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Note h: The capitalization of earnings of US$59,220 permitted by Investment Commission is excluded from the Company’s amount of investment in Mainland China. Remitted to Mainland China Remitted back to Taiwan Delta Energy Technology (Shanghai) Co., Ltd. Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc. $ 50,999 Invested by DPEC and DGC $ - $ - $ - $ - ($ 4,721) 90.54 ($ 4,274) $ 39,103 $ - (Note r) DelBio (Wujiang) Co., Ltd. Manufacturing, wholesale and retail of medical equipment 60,840 Invested by DelBio 48,102 15,192 - 63,300 ( 12,927) 100.00 ( 12,927) 40,081 - - Delta Electronics (Pingtan) Co., Ltd. Electronic and energy- saving equipment wholesale,etc. 25,841 Invested by DHK - 23,829 - 23,829 - 94.00 ( 425) 23,527 - (Note y) Book value of investments in Mainland China as of December 31, 2014 Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014 Note Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014 Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014 Net income of investee for the year ended December 31, 2014 Ownership held by Company (direct or indirect) Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s) Investee in Mainland China Main business activities Paid-in capital Investment method Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014
Note		(Note r)	-	(Note y)
Accumulated amount of investment income remitted back to Taiwan as of December 31, 2014		$ -	-	-
Book value of investments in Mainland China as of December 31, 2014		$ 39,103	40,081	23,527
Investment income (loss) recognized by the Company for the year ended December 31, 2014 (Note s)		($ 4,274)	( 12,927)	( 425)
Ownership held by Company (direct or indirect)		90.54	100.00	94.00
Net income of investee for the year ended December 31, 2014		($ 4,721)	( 12,927)	-
Accumulated amount of remittance from Taiwan to Mainland China as of December 31, 2014		$ -	63,300	23,829
Amount remitted from Taiwan to Mainland China/Amount remitted back to Taiwan for the year ended December 31, 2014	Remitted back to Taiwan	$ -	-	-
	Remitted to Mainland China	$ -	15,192	23,829
Accumulated amount of remittance from Taiwan to Mainland China as of January 1, 2014		$ -	48,102	-
Investment method		Invested by DPEC and DGC	Invested by DelBio	Invested by DHK
Paid-in capital		$ 50,999	60,840	25,841
Main business activities		Research and development of energy-saving technology, energy-saving equipment, energy management system and technology consulting service, etc.	Manufacturing, wholesale and retail of medical equipment	Electronic and energy- saving equipment wholesale,etc.
Investee in Mainland China		Delta Energy Technology (Shanghai) Co., Ltd.	DelBio (Wujiang) Co., Ltd.	Delta Electronics (Pingtan) Co., Ltd.

139

Note a: The accumulated amount remitted out of Taiwan to Mainland China and investment amount approved by the investment commission was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note b: The investment income of US$22,000, US$18,000, US$10,509 and US$14,351 were remitted back on March 11, 2011, June 27, 2012, August 14, 2012, June 24, 2009 and December 29, 2005, respectively, from the investee companies in Mainland China and was permitted by Investment Commission on August 3, 2012, August 28, 2012, July 17, 2009 and January 6, 2006, respectively, which are deductible from the Company’s accumulated amount remitted out of Taiwan to Mainland China. Note c: According to “Regulation Governing the Approval of Investment or Technical Cooperation in Mainland China”, the Company and Cyntec Co., Ltd. obtained the approval of operation headquarters from Industrial Development Bureau of Ministry of Economic Affairs. There is no ceiling of investment amount. Note d: The ceiling of investments of the third quarter of 2013, which is the last time DelBio filed an application with the Ministry of Economic Affairs, is $71,517. Therefore, it is not over the ceiling of investment amount. The significant purchases, sales, accounts payable and accounts receivable that the Company directly conducted with investee companies in Mainland China as well as those that the Company indirectly conducted with investee companies in Mainland China through Delta Electronics International Ltd. (DEIL-Labuan), Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG), Delta Networks International Ltd. (DNIL-Labuan) and Cyntec International Ltd. (CIL-Labuan) for the year ended December 31, 2014 are shown in Notes 13.(1) G and H. Company name Accumulated amount remitted from Taiwan to Mainland China as of December 31, 2014 Investment amount approved by the Investment Commission of Ministry of Economic Affairs (MOEA) Ceiling of investments in Mainland China imposed by the Investment Commission of MOEA Delta Electronics, Inc. (Notes b and c) 15,534,079 $ 16,081,993 $ - $ Cyntec Co., Ltd. 6,281,334 6,281,334 11,979,184 DelBio Inc. (Note d) 63,300 126,600 104,435	Note a: The accumulated amount remitted out of Taiwan to Mainland China and investment amount approved by the investment commission was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note b: The investment income of US$22,000, US$18,000, US$10,509 and US$14,351 were remitted back on March 11, 2011, June 27, 2012, August 14, 2012, June 24, 2009 and December 29, 2005, respectively, from the investee companies in Mainland China and was permitted by Investment Commission on August 3, 2012, August 28, 2012, July 17, 2009 and January 6, 2006, respectively, which are deductible from the Company’s accumulated amount remitted out of Taiwan to Mainland China. Note c: According to “Regulation Governing the Approval of Investment or Technical Cooperation in Mainland China”, the Company and Cyntec Co., Ltd. obtained the approval of operation headquarters from Industrial Development Bureau of Ministry of Economic Affairs. There is no ceiling of investment amount. Note d: The ceiling of investments of the third quarter of 2013, which is the last time DelBio filed an application with the Ministry of Economic Affairs, is $71,517. Therefore, it is not over the ceiling of investment amount. The significant purchases, sales, accounts payable and accounts receivable that the Company directly conducted with investee companies in Mainland China as well as those that the Company indirectly conducted with investee companies in Mainland China through Delta Electronics International Ltd. (DEIL-Labuan), Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG), Delta Networks International Ltd. (DNIL-Labuan) and Cyntec International Ltd. (CIL-Labuan) for the year ended December 31, 2014 are shown in Notes 13.(1) G and H. Company name Accumulated amount remitted from Taiwan to Mainland China as of December 31, 2014 Investment amount approved by the Investment Commission of Ministry of Economic Affairs (MOEA) Ceiling of investments in Mainland China imposed by the Investment Commission of MOEA Delta Electronics, Inc. (Notes b and c) 15,534,079 $ 16,081,993 $ - $ Cyntec Co., Ltd. 6,281,334 6,281,334 11,979,184 DelBio Inc. (Note d) 63,300 126,600 104,435	Note a: The accumulated amount remitted out of Taiwan to Mainland China and investment amount approved by the investment commission was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note b: The investment income of US$22,000, US$18,000, US$10,509 and US$14,351 were remitted back on March 11, 2011, June 27, 2012, August 14, 2012, June 24, 2009 and December 29, 2005, respectively, from the investee companies in Mainland China and was permitted by Investment Commission on August 3, 2012, August 28, 2012, July 17, 2009 and January 6, 2006, respectively, which are deductible from the Company’s accumulated amount remitted out of Taiwan to Mainland China. Note c: According to “Regulation Governing the Approval of Investment or Technical Cooperation in Mainland China”, the Company and Cyntec Co., Ltd. obtained the approval of operation headquarters from Industrial Development Bureau of Ministry of Economic Affairs. There is no ceiling of investment amount. Note d: The ceiling of investments of the third quarter of 2013, which is the last time DelBio filed an application with the Ministry of Economic Affairs, is $71,517. Therefore, it is not over the ceiling of investment amount. The significant purchases, sales, accounts payable and accounts receivable that the Company directly conducted with investee companies in Mainland China as well as those that the Company indirectly conducted with investee companies in Mainland China through Delta Electronics International Ltd. (DEIL-Labuan), Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG), Delta Networks International Ltd. (DNIL-Labuan) and Cyntec International Ltd. (CIL-Labuan) for the year ended December 31, 2014 are shown in Notes 13.(1) G and H. Company name Accumulated amount remitted from Taiwan to Mainland China as of December 31, 2014 Investment amount approved by the Investment Commission of Ministry of Economic Affairs (MOEA) Ceiling of investments in Mainland China imposed by the Investment Commission of MOEA Delta Electronics, Inc. (Notes b and c) 15,534,079 $ 16,081,993 $ - $ Cyntec Co., Ltd. 6,281,334 6,281,334 11,979,184 DelBio Inc. (Note d) 63,300 126,600 104,435	Note a: The accumulated amount remitted out of Taiwan to Mainland China and investment amount approved by the investment commission was translated into New Taiwan Dollars at the average exchange rate of NTD 31.65 to US$1 at the balance sheet date. Note b: The investment income of US$22,000, US$18,000, US$10,509 and US$14,351 were remitted back on March 11, 2011, June 27, 2012, August 14, 2012, June 24, 2009 and December 29, 2005, respectively, from the investee companies in Mainland China and was permitted by Investment Commission on August 3, 2012, August 28, 2012, July 17, 2009 and January 6, 2006, respectively, which are deductible from the Company’s accumulated amount remitted out of Taiwan to Mainland China. Note c: According to “Regulation Governing the Approval of Investment or Technical Cooperation in Mainland China”, the Company and Cyntec Co., Ltd. obtained the approval of operation headquarters from Industrial Development Bureau of Ministry of Economic Affairs. There is no ceiling of investment amount. Note d: The ceiling of investments of the third quarter of 2013, which is the last time DelBio filed an application with the Ministry of Economic Affairs, is $71,517. Therefore, it is not over the ceiling of investment amount. The significant purchases, sales, accounts payable and accounts receivable that the Company directly conducted with investee companies in Mainland China as well as those that the Company indirectly conducted with investee companies in Mainland China through Delta Electronics International Ltd. (DEIL-Labuan), Delta Electronics Int'l (Singapore) Pte. Ltd. (DEIL-SG), Delta Networks International Ltd. (DNIL-Labuan) and Cyntec International Ltd. (CIL-Labuan) for the year ended December 31, 2014 are shown in Notes 13.(1) G and H. Company name Accumulated amount remitted from Taiwan to Mainland China as of December 31, 2014 Investment amount approved by the Investment Commission of Ministry of Economic Affairs (MOEA) Ceiling of investments in Mainland China imposed by the Investment Commission of MOEA Delta Electronics, Inc. (Notes b and c) 15,534,079 $ 16,081,993 $ - $ Cyntec Co., Ltd. 6,281,334 6,281,334 11,979,184 DelBio Inc. (Note d) 63,300 126,600 104,435
Ceiling of investments in Mainland China imposed by the Investment Commission of MOEA	- $	11,979,184	104,435
Investment amount approved by the Investment Commission of Ministry of Economic Affairs (MOEA)	16,081,993 $	6,281,334	126,600
Accumulated amount remitted from Taiwan to Mainland China as of December 31, 2014	15,534,079 $	6,281,334	63,300
Company name	Delta Electronics, Inc. (Notes b and c)	Cyntec Co., Ltd.	DelBio Inc. (Note d)

14. OPERATING SEGMENT INFORMATION

(1) General information

The Group considers the business from a product perspective. The Group’s business is segregated into power electronics business, energy management business and smart green life business. Breakdown of the revenue from all sources is as follows:

A. Power and components business: Embedded Power Supplies, Mobile Power, Fans and Cooling Management, Core Components of Information and Communication and other items. Provides global power management and cooling plans and management.
B. Energy management business: Industrial Automation, Communication Power System, Uninterruptible Power System and Information Centre, Renewable Energy, Recharging Equipment for Automotive Electronics and Electronic Cars and other items. Provides energy automation plans for factories and buildings.
C. Smart green life business: Network Devices, Conferencing and Visual Imaging System, LED Lighting Plans, Medical Devices, Innergie Power Consumption Products, Vivitek High Definition Projector and other items.

Because of the change of product classification, the Group’s reporting business changed. The prior period information was restated for comparison.

(2) Measurement of segment information

The Group’s segment profit (loss) is measured with the operating profit (loss) before tax, which is used as a basis for the Group in assessing the performance of the operating segments. The accounting policies of the operating segments are in agreement with the significant accounting policies summarized in Note 4.

(3) Segment information

The segment information provided to the chief operating decision-maker for the reportable segments is as follows:

141

	YearendedDecember31,2014	YearendedDecember31,2014
Power electronics business 114,480,481 $ 18,059,044 $	Energy management Smart green business life business 35,788,687 $ 37,159,614 $ 6,074,269 $ 3,768,003 $ YearendedDecember31,2013		Total
			187,428,782 $
			27,901,316 $

Power electronics business 103,972,001 $ 14,558,435 $	Energy management business 32,767,240 $ 5,309,968 $	Smart green life business 33,744,729 $ 3,201,434 $	Total
			170,483,970 $
			23,069,837 $

(4) Reconciliation information for segment profit (loss)

A.The revenue from external parties reported to the chief operating decision-maker is measured in a manner consistent with that in the statement of comprehensive income.
B. A reconciliation of reportable segments profit (loss) to profit (loss) before tax and discontinued operations is provided as follows:

operations is provided as follows:
			Years ended	December	31,
			2014		2013
Reportable segments' profit		$	27,901,316	$	23,069,837
Other segments' loss	(		5,084,428)	(	3,561,455)
Non-operating income and expenses			3,697,969		2,988,172
Profit before tax and discontinued
operations		$	26,514,857	$	22,496,554

(5) Information on products and services

As the Group considered the business from a product perspective, the reportable segments were based on different products and services. Revenues from external customers are the same as in Note 14(3).

(6) Geographical information

Information about geographic areas for the years ended December 31, 2014 and 2013 were as follows:

follows:
Mainland China USA Taiwan Others	Years endedDecember31,
	Non-current Revenue assets 110,796,379 $ 31,442,091 $ 29,931,606 1,627 436,612 21,355,701 49,470,523 604,631 190,635,120 $ 53,404,050 $ 2014	2013
	Revenue 110,796,379 $ 29,931,606 436,612 49,470,523 190,635,120 $	Revenue 98,752,432 $ 26,227,965 1,311,636 50,761,089 177,053,122 $	Non-current assets
			30,434,455 $ 1,470 21,362,860 854,259
			52,653,044 $

(7) Major customer information

There are no customers accounting for more than 10% of the Group’s operating revenues for the years ended December 31, 2014 and 2013.

143

AI assistant

DELTA — Annual Report 2014

52000_rns_2015-06-29_059ebda2-d6c0-4e73-b97f-8c65148679ec.pdf

Table of Contents

A Letter to Our Shareholders

Dear Shareholders:

Power Electronics

Energy Management

Smart Green Life

Yancey Hai, Chairman

Corporate Governance

Consolidated Financial Highlights

Financial Report

DELTA ELECTRONICS, INC. AND SUBSIDIARIES

REPORT OF INDEPENDENT ACCOUNTANTS TRANSLATED FROM CHINESE

PWCR14000323

PricewaterhouseCoopers, Taiwan

March 10, 2015

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2014 AND 2013

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (CONTINUED)

DECEMBER 31, 2014 AND 2013

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED) FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

DELTA ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013

DELTA ELECTRONICS, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2014 AND 2013

1. HISTORY AND ORGANIZATION

3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS

(3) Effect of IFRSs issued by IASB but not yet endorsed by the FSC

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(1) Compliance statement

(2) Basis of preparation

(3) Basis of consolidation

(4) Foreign currency translation

(5) Classification of current and non-current items

(6) Cash equivalents

(7) Financial assets at fair value through profit or loss

(8) Available-for-sale financial assets

(9) Notes and accounts receivable, other receivables

(10) Impairment of financial assets

(c) Available-for-sale financial assets

(11) Derecognition of financial assets

(12) Inventories

(13) Non-current assets (or disposal groups) held for sale

(14) Investments accounted for under the equity method / associates

(15) Cash surrender value of life insurance

(16) Property, plant and equipment

(17) Investment property

(18) Intangible assets

A. Goodwill

B. Tademarks

(19) Impairment of non-financial assets

(20) Borrowings

(21) Notes and accounts payable

(22) Financial liabilities at fair value through profit or loss

(23) Derecognition of financial liabilities

(24) Offsetting financial instruments

(25) Derivative financial instruments and hedging activities

(26) Employee benefits

- (27) Employee share based payment

(28) Income tax

(29) Share capital

(30) Dividends

(31) Revenue recognition

(32) Government grants

(33) Business combinations

(34) Operating segments

5. CRITICALACCOUNTING JUDGEMENTS, ESTIMATES AND KEY SOURCES OF ASSUMPTION UNCERTAINTY

(1) Critical judgements in applying the Group’s accounting policies

B. Investment property

(2) Critical accounting estimates and assumptions

6. DETAILS OF SIGNIFICANT ACCOUNTS

(1) Cash and cash equivalents

(2) Financial assets at fair value through profit or loss

(3) Available-for-sale financial assets

(4) Financial assets measured at cost

(5) Hedge accounting

B. Cash flow hedges

DELTA Annual Report 2014