FEDS — Annual Report 2021

Dec 15, 2021

FAR EASTERN DEPARTMENT STORES, LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

Sep. 30, 2021, Dec. 31, 2020 and Sep. 30, 2020

(In thousands of New Taiwa n Dollars, Expect Par Value

Code 1100 1110 1120 1136 1150 1170 1180 1200 1220 130X 1429 1470 11XX 1517 1535 1550 1600 1755 1760 1780 1840 1975 1985 1990 15XX 1XXX Code 2100 2110 2130 2150 2170 2180 2219 2230 2250 2280 2310 2322 2399 21XX 2540 2550 2570 2580 2640 2670 25XX 2XXX 3110 3200 3310 3320 3350 3300 3400 3500 31XX 36XX 3XXX	Assets CURRENT ASSETS Cash and cash equivalents Financial assets at fair value through profit or loss - current Current financial assets at fair value through other comprehensive income Current financial assets at amortized cost Notes receivable Accounts receivable Accounts receivable due from related parties Other receivables Current tax assets Inventories Prepayments Other current assets Total current assets NONCURRENT ASSETS Non-current financial assets at fair value through other comprehensive income Non-current financial assets at amortized cost Investments accounted for by equity method Property, plant and equipment Right-of-use assets Investment properties Intangible assets Deferred tax assets Net defined benefit asset Long-term prepayments for lease Other noncurrent assets Total noncurrent assets TOTAL LIABILITIES AND EQUITY CURRENT LIABILITIES Short-term debts Short-term notes and bills payable Contract liabilities-Current Notes payable Accounts payables Notes and accounts payable to related parties Other payables Current tax liabilities Provision-current Lease liabilities - current Advance receipts Long-term borrowings – current portion Other current liabilities Total current liabilities NONCURRENT LIABILITIES Long-term borrowings Provision-noncurrent Deferred tax liabilities Lease liabilities - non-current Net defined benefit liability Other noncurrent liabilities Total noncurrent liabilities Total liabilities EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY Share Capital Ordinary share Capital surplus Retained earnings Legal reserve Special reserve Unappropriated earnings Total retained earnings Other equity Treasury stock Total equity attributable to owners of the Company NON-CONTROLLING INTERESTS Total equity TOTAL		2021/9/30（Reviewed） Amount ％ $ 10,499,005 9 432,518 - 254,157 - 1,237,266 1 7,681 - 649,703 1 83,718 - 569,221 1 31,995 - 2,938,652 2 343,450 - 58,776 - 17,106,142 14 4,866,064 4 123,000 - 10,157,201 8 33,647,086 27 40,604,473 33 8,949,056 7 2,877,299 2 514,270 1 221,365 - 1,809,100 2 1,842,297 2 105,611,211 86 $ 122,717,353 100 $ 12,845,369 11 2,642,701 2 8,698,380 7 5,900 - 10,111,788 8 21,998 - 3,351,881 3 131,938 - 3,000 - 3,285,007 3 467,734 - 299,881 - 410,179 - 42,275,756 34 15,219,604 12 25,216 - 2,366,133 2 22,372,239 18 704,118 1 544,576 1 41,231,886 34 83,507,642 68 14,169,406 11 3,340,982 3 3,611,319 3 2,619,569 2 1,943,733 2 8,174,621 7 5,148,521 4 97,110) - 30,736,420 25 8,473,291 7 39,209,711 32 $ 122,717,353 100		2020/12/31（Audited） Amount ％ $ 14,791,434 12 450,046 - 278,539 - 1,171,058 1 1,864 - 600,242 - 124,738 - 1,007,684 1 1,063 - 2,374,459 2 211,102 - 103,887 - 21,116,116 16 4,659,302 4 24,000 - 10,164,724 8 33,945,566 26 42,712,637 33 9,021,607 7 2,581,127 2 572,186 1 205,863 - 1,517,865 1 1,902,776 2 107,307,653 84 $ 128,423,769 100 $ 9,045,746 7 3,729,003 3 8,121,734 6 6,626 - 15,844,472 12 68,101 - 3,721,330 3 485,553 1 3,000 - 3,473,928 3 510,474 1 299,933 - 373,784 - 45,683,684 36 15,139,828 12 25,047 - 2,348,055 2 24,335,088 19 737,454 - 366,325 - 42,951,797 33 88,635,481 69 14,169,406 11 3,338,791 2 3,424,615 3 2,709,263 2 2,695,084 2 8,828,962 7 4,953,871 4 97,110) - 31,193,920 24 8,594,368 7 39,788,288 31 $ 128,423,769 100		2020/9/30（Reviewed）	2020/9/30（Reviewed）
			Amount $ 10,499,005 432,518 254,157 1,237,266 7,681 649,703 83,718 569,221 31,995 2,938,652 343,450 58,776 17,106,142 4,866,064 123,000 10,157,201 33,647,086 40,604,473 8,949,056 2,877,299 514,270 221,365 1,809,100 1,842,297 105,611,211 $ 122,717,353 $ 12,845,369 2,642,701 8,698,380 5,900 10,111,788 21,998 3,351,881 131,938 3,000 3,285,007 467,734 299,881 410,179 42,275,756 15,219,604 25,216 2,366,133 22,372,239 704,118 544,576 41,231,886 83,507,642 14,169,406 3,340,982 3,611,319 2,619,569 1,943,733 8,174,621 5,148,521 97,110) 30,736,420 8,473,291 39,209,711 $ 122,717,353		Amount $ 14,791,434 450,046 278,539 1,171,058 1,864 600,242 124,738 1,007,684 1,063 2,374,459 211,102 103,887 21,116,116 4,659,302 24,000 10,164,724 33,945,566 42,712,637 9,021,607 2,581,127 572,186 205,863 1,517,865 1,902,776 107,307,653 $ 128,423,769 $ 9,045,746 3,729,003 8,121,734 6,626 15,844,472 68,101 3,721,330 485,553 3,000 3,473,928 510,474 299,933 373,784 45,683,684 15,139,828 25,047 2,348,055 24,335,088 737,454 366,325 42,951,797 88,635,481 14,169,406 3,338,791 3,424,615 2,709,263 2,695,084 8,828,962 4,953,871 97,110) 31,193,920 8,594,368 39,788,288 $ 128,423,769		Amount $ 7,656,819 444,593 284,200 1,140,771 8,082 509,162 97,054 808,599 3,053 3,107,343 454,217 97,719 14,611,612 4,414,198 23,000 9,993,598 34,077,800 44,182,504 9,023,030 2,576,615 511,352 273,579 1,457,162 1,913,414 108,446,252 $ 123,057,864 $ 9,443,848 3,620,943 8,018,338 4,271 11,369,834 30,891 3,617,099 455,062 3,000 3,483,242 499,575 1,499,522 325,573 42,371,198 13,610,000 24,991 2,347,338 25,066,995 715,057 371,913 42,136,294 84,507,492 14,169,406 3,334,085 3,424,615 2,709,263 2,037,837 8,171,715 4,662,165 97,110) 30,240,261 8,310,111 38,550,372 $ 123,057,864	％
		(		(		(		6 - - 1 - 1 - 1 - 3 - - 12 4 - 8 28 36 7 2 - - 1 2 88 100 8 3 7 - 9 - 3 - - 3 1 1 - 35 11 - 2 20 1 - 34 69 11 3 3 2 1 6 4 - 24 7 31 100

(Conclude)

FAR EASTERN DEPARTMENT STORES, LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

From Jul. 1 to Sep 30, 2021 and 2020, and Year ended Sep 30, 2021 and 2020

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

C o de 4000REVENUES 5000COSTS 5900GROSS PROFIT OPERATING EXPENSES 6100 Selling 6200 General and administrative 6450 Expected credit loss (Gain) 6000 Total operating expenses 6900OPERATING INCOME NONOPERATING INCOME AND EXPENSES 7100 Interest income 7010 Other 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 7900INCOME BEFORE INCOME TAX 7950INCOME TAX EXPENSE 8200NET INCOME OTHER COMPREHENSIVE INCOME Components of other comprehensive income that will not be reclassified to profit or loss 8316 Unrealized gains (losses) from investments in equity instruments measured at fair value through other comprehensive income 8320 Share of other comprehensive income of associates and joint ventures accounted for using equity method 8310 Components of other comprehensive income that will be reclassified to profit or loss 8361 Other comprehensive income, before tax, exchange differences on translation 8370 Share of other comprehensive income of associates accounted for using equity method 8360 8300 Total other comprehensive income, net 8500COMPREHENSIVE INCOME 8600NET INCOME ATTRIBUTED TO： 8610 Owners of parent 8620 Non-controlling interests 8700CONPREHENSIVE INCOME CONTRIBUTED TO： 8710 Owners of parent 8720 Non-controlling interests EARNINGS PER SHARE 9750 Basic 9850 Diluted (Concluded)		From Jul. 1 to Sep 30, 2021 Amount ％ $ 7,035,653 100 3,581,182 51 3,454,471 49 130,901 2 2,998,726 42 80) - 3,129,547 44 324,924 5 11,825 - 318,747 4 7,817 ) - 201,207 ) ( 3 ) 22,560) - 98,988 1 423,912 6 42,950 1 380,962 5 442,460 ) ( 6 ) 963 - 441,497) ( 6) 6,001 - 6,873) - 872) - 442,369) ( 6) $ 61,407) ( 1) $ 319,356 4 61,606 1 $ 380,962 5 $ 124,772 ) ( 2 ) 63,365 1 $ 61,407) ( 1) $ 0.23 $ 0.23		From Jul. 1 to Sep 30, 2020 Amount ％ $ 8,506,084 100 3,993,951 47 4,512,133 53 190,991 2 3,400,320 40 4,151 - 3,595,462 42 916,671 11 14,785 - 312,581 4 7,967 - 206,791 ) ( 3 ) 58,846 1 187,388 2 1,104,059 13 143,374 2 960,685 11 254,307 ) ( 3 ) 3,233) - 257,540) ( 3) 23,426 ) - 29,669 - 6,243 - 251,297) ( 3) $ 709,388 8 $ 813,557 9 147,128 2 $ 960,685 11 $ 573,294 7 136,094 1 $ 709,388 8 $ 0.58 $ 0.58		Year ended Sep 30, 2021 Amount ％ $ 23,461,177 100 11,844,179 51 11,616,998 49 467,162 2 9,451,402 40 1,230 - 9,919,794 42 1,697,204 7 41,402 - 318,747 2 34,476 - 598,808 ) ( 2 ) 82,945 - 121,238) - 1,575,966 7 307,498 2 1,268,468 5 207,193 1 9,596 - 216,789 1 23,936 - 21,064) - 2,872 - 219,661 1 $ 1,488,129 6 $ 896,364 4 372,104 1 $ 1,268,468 5 $ 1,098,944 5 389,185 1 $ 1,488,129 6 $ 0.64 $ 0.64		Year ended Sep 30, 2020	Year ended Sep 30, 2020
		Amount $ 7,035,653 3,581,182 3,454,471 130,901 2,998,726 80) 3,129,547 324,924 11,825 318,747 7,817 ) 201,207 ) 22,560) 98,988 423,912 42,950 380,962 442,460 ) 963 441,497) 6,001 6,873) 872) 442,369) $ 61,407) $ 319,356 61,606 $ 380,962 $ 124,772 ) 63,365 $ 61,407) $ 0.23 $ 0.23		Amount $ 8,506,084 3,993,951 4,512,133 190,991 3,400,320 4,151 3,595,462 916,671 14,785 312,581 7,967 206,791 ) 58,846 187,388 1,104,059 143,374 960,685 254,307 ) 3,233) 257,540) 23,426 ) 29,669 6,243 251,297) $ 709,388 $ 813,557 147,128 $ 960,685 $ 573,294 136,094 $ 709,388 $ 0.58 $ 0.58		Amount $ 23,461,177 11,844,179 11,616,998 467,162 9,451,402 1,230 9,919,794 1,697,204 41,402 318,747 34,476 598,808 ) 82,945 121,238) 1,575,966 307,498 1,268,468 207,193 9,596 216,789 23,936 21,064) 2,872 219,661 $ 1,488,129 $ 896,364 372,104 $ 1,268,468 $ 1,098,944 389,185 $ 1,488,129 $ 0.64 $ 0.64		Amount $ 25,089,249 12,244,843 12,844,406 539,037 9,939,867 1,941 10,480,845 2,363,561 48,960 312,581 50,506 ) 647,557 ) 40,735) 377,257) 1,986,304 465,317 1,520,987 650,585 ) 15,705 634,880) 4,184 6,819) 2,635) 637,515) $ 883,472 $ 1,209,351 311,636 $ 1,520,987 $ 576,788 306,684 $ 883,472 $ 0.86 $ 0.86	％
	( ( ( ( ( ( ( ( ( ( ( (		( ( ( ( ( (		( ( (		( ( ( ( ( ( ( ( (		100 49 51 2 40 - 42 9 - 1 - ( 2 ) - ( 1) 8 2 6 ( 2 ) - ( 2) - - - ( 2) 4 5 1 6 3 1 4

FAR EASTERN DEPARTMENT STORES, LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

Year ended Sep. 30, 2021 and 2020

C o d e CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES A00010 INCOME BEFORE INCOME TAX A20010 Adjustments to reconcile profit(loss) A20100 Depreciation expense A20200 Amortization expense A20300 Expected credit loss (gain) A20400 Net loss (gain) on financial assets or liabilities at fair value through profit or loss A20900 Finance costs A22800 Loss (gain) on disposal of Intangible assets A22900 Gain (loss) on modifications of lease A24600 Loss (gain) on change in fair value of investment properties A29900 Amortization of prepayments A21200 Interest income A21300 Dividend income A22300 Share of loss (profit) of associates accounted for using equity method A22500 Loss (gain) on disposal of property, plant and equipment, net A23100 Loss (gain) on disposal of investments A23700 Impairment of Right-of-use assets A23800 Loss for market price decline and obsolete and slow-moving inventories A29900 Lease liabilities concessions A30000 Net changes in operating assets and liabilities A31115 Decrease (increase) in financial assets at fair value through profit or loss, measured at fair value A31130 Notes receivable A31150 Accounts receivable A31160 Notes and accounts receivable due from related parties A31180 Other receivable	Year ended Sep 30, 2021 $ 1,575,966 3,927,273 60,032 1,230 2,296 598,808 28 ( 45 ) 73,175 47,150 ( 41,402 ) ( 318,747 ) ( 82,945 ) 4,226 ( 4,330 ) - 16,238 ( 131,914 ) 19,562 ( 5,817 ) ( 53,589 ) 42,533 444,392	Year ended Sep 30, 2020
		$ 1,986,304 4,337,720 62,790 1,941 16,973 647,557 - ( 5,934 ) 68,716 23,918 ( 48,960 ) ( 312,581 ) 40,735 14,333 ( 553 ) 69,793 16,148 ( 222,443 ) ( 15,360 ) ( 6,950 ) 235,158 64,881 123,056

（ Continued ）

（ Continued ）

C o d e A31200 Inventories A31230 Prepayments A31240 Other current assets A32125 Contract liability-current A32130 Notes payable A32150 Accounts payable A32160 Notes and accounts payable to related parties A32180 Other payables A32210 Advance receipts A32230 Other current liabilities A32240 Net defined benefit assets A32240 Net defined benefit liability A33000 Cash inflow (outflow) generated from operations A33100 Interests received A33200 Interests paid A33300 Income tax returned A33500 Income tax paid A33500 Net cash flows from (used in) operating activities AAAA Cash inflow (outflow) generated from operations CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES B00010 Acquisition of financial assets at fair value through other comprehensive income B00020 Proceeds from disposal of financial assets at fair value through other comprehensive income B00040 Acquisition of financial assets at amortized cost B00050 Proceeds from disposal of financial assets at amortized cost B00200 Proceeds from disposal of financial assets at fair value through income 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 B05350 Acquisition of Right-of-use assets B05400 Acquisition of investment properties B06700 Increase (decrease) in other non-current assets BBBB Net cash flows from (used in) investing activities	Year ended Sep 30, 2021 ( $ 580,431 ) ( 130,422 ) 45,111 576,646 ( 726 ) ( 5,732,684 ) ( 46,103 ) ( 344,098 ) 72,275 30,781 ( 15,502 ) ( 33,336) 15,631 41,891 413,123 ( 556,490 ) 287 ( 616,209) ( 701,767) ( 21,612 ) 46,241 ( 2,074,049 ) 1,907,176 - ( 42,358 ) ( 1,285,369 ) 118 ( 148,663 ) ( 118,305 ) ( 624 ) ( 239,470) ( 1,976,915)	Year ended Sep 30, 2020
		( $ 342,602 ) ( 54,278 ) 12,376 247,510 1,087 ( 3,751,076 ) ( 62,564 ) ( 274,898 ) 197,043 9,597 ( 39,544 ) ( 23,374) 3,016,519 49,724 386,427 ( 605,852 ) 2,801 ( 672,839) 2,176,780 ( 37,178 ) 15,956 ( 932,330 ) 1,356,558 11,603 - ( 1,481,923 ) 122 ( 161,615 ) ( 112,474 ) ( 5,105 ) ( 437,644) ( 1,784,030)

（ Continued ）

（ Continued ）

C o d e 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 C04020 Repayment of the principal portion of lease liabilities C04400 Decrease in other non-current liabilities C04500 Dividends paid by parent company C05800 Dividends paid to non-controlling interests CCCC Net cash flows from (used in) financing activities DDDDEffect of exchange rate changes on cash and cash equivalents EEEE Net increase (decrease) in cash and cash equivalents E00100Cash and cash equivalents at beginning of period E00200Cash and cash equivalents at end of period	Year ended Sep 30, 2021 $ 77,571,795 ( 73,705,473 ) 16,980,270 ( 18,066,572 ) 95,879,724 ( 95,800,000 ) ( 2,375,090 ) ( 24,064 ) ( 1,556,227 ) ( 495,016) ( 1,590,653) ( 23,094) ( 4,292,429 ) 14,791,434 $ 10,499,005	Year ended Sep 30, 2020
		$ 93,399,354 ( 93,554,692 ) 26,686,658 ( 26,688,708 ) 72,039,765 ( 74,470,000 ) ( 2,262,783 ) ( 85,246 ) ( 1,133,530 ) ( 77,282) ( 6,146,464) ( 13,690) ( 5,767,404 ) 13,424,223 $ 7,656,819

(Concluded)