FEDS — Annual Report 2013

Jul 5, 2013

FAR EASTERN DEPARTMENT STORES, LTD CONSOLIDATED BALANCE SHEETS

March 31, 2013 AND 2012

(In thousands of New Taiwan Dollars, Expect Par Value)

C o d e	Assets		20 13/0 3/	31		20 12/1 2/	31		20 12/0 3/	31		20 12/0 1/	01 ％ 14 - 1 1 - 1 - - - 3 1 - 1 - 22 1 4 - - 8 45 1 7 1 - 9 2 78 100	C o d e	LIBILITIES AND STOCKHOLDERS’ EQUITY		20 13/0 3/	31		20 12/1 2/	31		20 12/0 3/	31		20 12/0 1/	01
			Amount	％		Amount	％		Amount	％		Amount					Amount	％		Amount	％		Amount	％		Amount	％
1100 1110 1125 1147 1150 1170 1180 1200 1220 130X 1429 1412 1460 1470 11XX 1510 1523 1543 1546 1550 1600 1760 1780 1840 1975 1985 1990 15XX 1XXX	CURRENT ASSETS Cash and cash equivalents Financial assets at fair value through profit or loss－current Available-for-Sales financial Assets－current Bond investments without active mark-current Notes receivable Accounts receivable Accounts receivable due from related parties Other receivables Current tax asset Inventories Prepayments Prepayments for lease Non-current assets classified as held for sale 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 Bond investments without active mark－non-current Investments accounted for using equity method Property, plant and equipment Investment property Intangible assets Deferred tax assets Prepaid pension costs Prepayments for long-term lease Other non-current assets Total non-current assets Total		$ 8,737,755 384,979 525,377 753,153 14,445 1,460,966 45,243 647,927 300,005 2,983,144 838,470 319,038 - 70,256 17,080,758 1,015,610 4,542,197 723,099 632,667 8,901,867 52,645,025 2,077,811 7,715,352 1,139,307 221,313 9,746,710 1,916,479 91,277,437 $ 108,358,195	8 - 1 1 - 1 - 1 - 3 1 - - - 16 1 4 1 - 8 49 2 7 1 - 9 2 84 100		$ 16,794,103 361,327 511,192 1,008,193 31,195 1,470,752 50,977 492,525 291,016 3,160,935 846,206 318,565 - 70,694 25,407,680 1,013,913 5,468,512 718,583 632,667 8,811,079 52,946,768 2,089,416 7,711,555 1,109,266 222,666 9,837,349 1,902,572 92,464,346 $ 117,872,026	14 - 1 1 - 1 - 1 - 3 1 - - - 22 1 5 1 - 7 45 2 6 1 - 8 2 78 100		$ 8,718,594 322,195 494,649 365,642 2,696 993,323 37,932 641,157 267,695 2,939,698 933,460 318,800 1,128,997 76,635 17,241,473 1,008,485 5,206,017 676,423 233,112 8,802,209 52,163,175 994,772 7,694,676 969,295 369,670 10,130,967 2,111,101 90,359,902 $ 107,601,375	8 - 1 - - 1 - 1 - 3 1 - 1 - 16 1 5 1 - 8 49 1 7 1 - 9 2 84 100		$ 16,365,201 303,286 471,920 531,768 40,469 1,242,025 101,458 300,133 273,675 2,990,885 976,100 319,201 1,128,997 99,740 25,144,858 1,006,635 5,040,384 680,253 233,084 8,733,465 51,862,701 1,002,323 7,697,855 966,963 369,869 10,225,303 2,048,808 89,867,643 $ 115,012,501		2100 2110 2150 2170 2180 2219 2230 2250 2313 2310 2321 2322 2399 21XX 2530 2540 2550 2640 2570 2670 25XX 2XXX 3110 3200 3310 3320 3350 3300 3400 3500 31XX 36XX 3XXX	CURRENT LIABILITIES Short-term borrowings Short-term notes and bills payable Notes payable Accounts payable Notes and accounts payable to related parties Other payables Current tax liabilities Current provisions Unearned revenue-current Advance receipts Bonds, current portion long-term borrowings, current portion of Other current liability Total current liability NON-CURRENT LIABILITIES Bonds payable Long-term borrowings Non-current provisions Accrued pension liabilities Deferred tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities EQUITY ATTTRIBUTABLE TO OWNERS OF PARENT Share capital Ordinary share Capital surplus: Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity interest Treasury Shares Total equity attributable to owners of parent Non-controlling interests Total equity Total	(	$ 6,586,176 3,935,425 254,035 14,009,242 90,489 6,670,996 616,341 16,351 99,396 7,789,701 3,664,524 800,000 171,769 44,704,445 1,000,000 22,786,003 30,280 542,293 1,460,288 2,629,469 28,448,333 73,152,778 13,698,797 3,498,174 2,189,631 1,931,285 3,856,424 7,977,340 3,149,448 97,110 ) 28,226,649 6,978,768 35,205,417 $ 108,358,195	6 4 - 13 - 6 1 - - 7 4 1 - 42 1 21 - 1 1 2 26 68 13 3 2 2 3 7 3 - 26 6 32 100	(	$ 9,613,446 4,648,862 198,522 18,687,359 170,962 8,439,193 563,223 16,351 63,770 7,449,114 1,200,000 1,600,000 168,630 52,819,432 3,454,937 21,992,207 30,213 545,253 1,446,269 2,710,010 30,178,889 82,998,321 13,698,797 3,498,174 2,189,631 1,931,285 3,086,960 7,207,876 3,773,795 97,110 ) 28,081,532 6,792,173 34,873,705 $ 117,872,026	8 4 - 16 - 7 1 - - 6 1 2 - 45 3 19 - - 1 2 25 70 12 3 2 1 3 6 3 - 24 6 30 100	(	$ 8,678,053 3,266,222 198,530 11,186,570 65,983 8,000,004 1,138,257 - 51,747 7,546,525 - 6,667,778 282,960 47,082,629 4,626,397 16,667,113 30,010 453,178 1,445,444 2,520,006 25,742,148 72,824,777 13,171,921 3,498,174 1,975,319 1,931,285 4,343,846 8,250,450 3,399,565 97,110 ) 28,223,000 6,553,598 34,776,598 $ 107,601,375	8 3 - 11 - 8 1 - - 7 - 6 - 44 4 16 - 1 1 2 24 68 12 3 2 1 5 8 3 - 26 6 32 100	(	$ 10,334,680 3,636,195 394,705 17,673,048 157,796 10,138,084 1,152,903 - 81,921 6,778,184 - 3,020,717 303,732 53,671,965 4,616,958 18,490,187 29,943 461,198 1,404,405 2,625,517 27,628,208 81,300,173 13,171,921 3,498,174 1,975,319 1,931,285 3,705,232 7,611,836 3,218,236 97,110 ) 27,403,057 6,309,271 33,712,328 $ 115,012,501	9 3 - 16 - 9 1 - - 6 - 3 - 47 4 16 - 1 1 2 24 71 11 3 2 1 4 7 3 - 24 5 29 100

FAR EASTERN DEPARTMENT STORES, LTD.

Consolidated statement of comprehensive income

YEARS ENDED March 31, 2013 AND 2012

(In thousands of New Taiwan Dollars, Expect Par Value)

C o d e 4000 REVENUES 5000 COSTS 5900 GROSS PROFIT OPERATING EXPENSES 6100 Selling 6200 General and administrative 6000 Total operating expenses 6900 OPERATING INCOME NONOPERATING INCOME AND EXPENSES 7100 Interest income 7020 Other gains and losses 7050 Finance costs 7060 Share of profit (loss) of associates accounted for using equity method 7000 Total Non-operating income and expenses 7900 INCOME BEFORE INCOME TAX		Year ended March 31	Year ended March 31	Year ended March 31	Year ended March 31
		2013			2012
							％
						100 51 49 3 37 40 9 - - ( 1 ) 1 - 9

（ Continued ）

（ Continued ）

C o d e 7950 INCOME TAX EXPENSE 8200 NET INCOME OTHER COMPREHENSIVE INCOME 8310 Other comprehensive income, before tax, exchange differences on translation 8325 Other comprehensive income, before tax, available-for-sale financial assets 8370 Share of other comprehensive income of associates accounted for using equity method 8300 Total other comprehensive income, net 8500 COMPREHENSIVE INCOME NET INCOME ATTRIBUTED TO： 8610 Owners of parent 8620 Non-controlling interests 8600 CONPREHENSIVE INCOME CONTRIBUTED TO： 8710 Owners of parent 8720 Non-controlling interests 8700 EARNINGS PER SHARE 9750 Basic 9850 Diluted (Concluded)		Year ended March 31	Year ended March 31	Year ended March 31	Year ended March 31
		2013			2012
							％
						1 8 ( 1 ) 2 - 1 9 6 2 8 7 2 9

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED March 31, 2013 AND 2012

(In thousands of New Taiwan Dollars)

C o d e CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES A00010INCOME BEFORE INCOME TAX A20000 Adjustments to reconcile profit(loss) A20100 Depreciation expense A20200 Amortization expense A20300 Reversal of impairment loss on trade receivables A20400 Net loss (gain) on financial assets or liabilities at fair value through profit or loss A20900 Finance costs A29900 Amortization of prepayments A29900 Amortization of prepayments for lease A29900 ReversingUnrealized purchase discounts and allowances A29900 Reversing unearned revenue A22300 Share of loss (profit) of associates accounted for using equity method A21200 Interest income A23800 Reversal of write-down of inventories A22500 Loss (gain) on disposal of property,plantand equipment A23100 Loss (gain) on disposal of Available-for-Sales financial asset, net A30000 Net changes in operating assets and liabilities A31130 Notes receivable A31150 Accounts receivable A31160 Notes and accounts receivable due from related parties – A31180 Other receivable A31200 Inventories A31230 Prepayments A31240 Other current assets A31990 Prepaid pension costs （Continued）	Year ended March 31	Year ended March 31
	2013 $ 1,132,450 721,020 5,281 ( 383 ) ( 25,349 ) 155,671 3,480 79,706 ( 23,000 ) ( 63,770 ) ( 16,543 ) ( 41,519 ) ( 5,725 ) 4,214 ( 379,826 ) 16,750 9,786 5,734 ( 147,874 ) 206,516 7,948 438 1,353	2012
		$ 1,035,942 635,148 8,045 ( 624 ) ( 20,759 ) 153,894 3,512 74,347 ( 33,071 ) ( 81,921 ) ( 86,149 ) ( 38,133 ) ( 13,552 ) 1,988 - 37,773 248,702 63,526 ( 341,472 ) 97,810 40,359 23,105 199

（ Continued ）

C o d e A32130 Notes payable A32150 Accounts payable A32160 Notes and accounts payable to related parties A32180 Other payables A32210 Advance receipts A32210 Unearned revenue A32240 Accrued pension liabilities A32230 Other current liabilities A33000 Cash inflow (outflow) generated from operations A33300 Interests paid A33100 Interests received A33500 Income taxes refund (paid) AAAA Net cash flows from (used in) operating activities CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES B00400 Proceeds from disposal of available-for-sale financial assets B00600 Decrease in bond investments without active market B01800 Acquisition of investments accounted for using equity method B02700 Acquisition of property, plant and equipment B02800 Proceeds from disposal of property, plant and equipment B04500 Acquisition of intangible assets B06700 Increase in other non-current assets BBBB Net cash flows from (used in) investing activities Cash flows from (used in) financing activities C00100 Increase in short-term loans C00200 Decrease in short-term loans C00500 Increase in short-term notes and bills payable C00600 Decrease in short-term notes and bills payable C01600 Proceeds from long-term debt C01700 Repayment of long-term debt （Continued）	Year ended March 31	Year ended March 31
	2013 55,513 ( 4,678,117 ) ( 80,473 ) ( 527,925 ) 429,787 99,396 ( 2,960 ) 3,139 ( 3,055,282 ) ( 122,686 ) 34,374 ( 146,145 ) (3,289,739 ) 701,854 255,040 ( 90,000 ) ( 1,501,130 ) 2,134 ( 8,799 ) ( 17,599 ) ( 658,500 ) 10,423,437 ( 13,551,116 ) 3,495,559 ( 4,208,996 ) 14,093,796 ( 14,100,000 )	2012
		( 196,175 ) ( 6,486,478 ) ( 91,813 ) ( 1,027,357 ) 825,856 51,747 ( 8,020 ) ( 20,772 ) ( 5,144,343 ) ( 176,656 ) 39,205 ( 116,150 ) (5,397,944 ) - 166,098 - ( 1,893,637 ) 51 ( 5,204 ) ( 65,929 ) (1,798,621 ) 17,687,979 ( 19,294,116 ) 1,750,938 ( 2,120,911 ) 17,686,667 ( 15,862,680 )

（ Continued ）

（Continued）
C04400 Decrease in other non-current liabilities C04500 Dividends paid by parent company C05800 Dividends paid by consolidated companies to non-controlling interests CCCC Net cash flows from (used in) financing activities DDDD Effect of exchange rate changes on cash and cash equivalents EEEE Net increase (decrease) in cash and cash equivalents E00100 Cash and cash equivalents at beginning of period E00200 Cash and cash equivalents at end of period （Concluded）	Year ended March 31
	2013 ( 80,541 ) ( 5 ) ( 197,462 ) (4,125,328 ) 17,219 (8,056,348 ) 16,794,103 $ 8,737,755	2012
		( 105,511 ) ( 42 ) ( 205,958 ) ( 463,634 ) 13,592 (7,646,607 ) 16,365,201 $ 8,718,594