FEDS — Interim / Quarterly Report 2013

Jan 15, 2014

FAR EASTERN DEPARTMENT STORES, LTD

CONSOLIDATED BALANCE SHEETS

Sep. 30, 2013, Dec. 31, 2012, Sep. 30, 2012, and Jan. 1, 2012

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

C o d e 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 C o d e 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	Assets CURRENT LIABILITIES Cash and cash equivalents Financial assets at fair value through profit or loss －current Available-for-Sales financial Assets－current Bond investments without active market-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 market－ 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 LIBILITIES AND STOCKHOLDERS’ EQUITY 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 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		2013/9/30	％ 6 1 1 - - 1 - 2 - 3 1 - - - 15 - 5 1 - 9 49 2 7 1 - 9 2 85 100 7 4 - 12 - 7 - - - 8 3 1 - 42 1 19 - 1 1 3 25 67 14 3 2 2 3 7 3 - 27 6 33 100		2012/12/31	％ 14 - 1 1 - 1 - 1 - 3 1 - - - 22 1 5 1 - 7 45 2 6 1 - 8 2 78 100 8 4 - 16 - 7 1 - - 6 1 2 - 45 3 19 - - 1 2 25 70 12 3 2 2 2 6 3 - 24 6 30 100		2012/9/30	％ 10 - 1 2 - 1 - - - 3 1 - - - 18 1 5 - - 8 47 2 7 1 - 9 2 82 100 9 4 - 12 - 8 - - - 7 - 5 - 45 4 17 - 1 1 2 25 70 12 3 2 2 2 6 3 - 24 6 30 100		2012/1/1
			Amount $ 6,672,860 1,393,671 539,361 174,306 20,598 803,050 28,101 1,616,599 471,792 3,090,340 664,831 319,218 - 63,233 15,857,960 - 4,800,102 774,298 521,896 9,040,385 52,266,179 2,054,657 7,714,854 934,384 218,607 9,557,645 2,008,807 89,891,814 $ 105,749,774 $ 7,672,350 4,529,642 60,331 12,163,313 57,235 6,962,414 134,752 4,135 108,525 7,929,444 3,683,812 684,000 233,309 44,223,262 1,000,000 20,562,569 30,416 535,867 1,468,012 2,794,843 26,391,707 70,614,969 14,109,761 3,498,174 2,358,917 1,931,285 2,849,801 7,140,003 3,501,665 97,110 ) 28,152,493 6,982,312 35,134,805 $ 105,749,774			Amount $ 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 $ 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			Amount $ 10,806,141 363,748 508,013 1,866,896 46,200 1,554,700 28,427 367,282 270,348 3,349,333 757,707 318,565 - 82,480 20,319,840 1,012,127 5,436,025 799,689 617,444 8,786,507 52,784,507 2,101,066 7,693,985 1,038,626 369,271 9,932,580 1,929,243 92,501,070 $ 112,820,910 $ 9,973,441 4,242,515 53,356 13,586,603 54,215 8,353,983 375,182 16,351 56,190 8,003,518 - 5,988,000 210,119 50,913,473 4,645,387 18,857,782 30,146 446,132 1,397,737 2,682,202 28,059,386 78,972,859 13,698,797 3,498,174 2,189,631 1,931,285 2,557,007 6,677,923 3,738,615 97,110 ) 27,516,399 6,331,652 33,848,051 $ 112,820,910			Amount $ 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 $ 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	％
		(			(			(			(		14 - 1 1 - 1 - - - 3 1 - 1 - 22 1 4 - - 8 45 1 7 1 - 9 2 78 100 9 3 - 16 - 9 1 - - 6 - 3 - 47 4 16 - 1 1 2 24 71 11 3 2 2 3 7 3 - 24 5 29 100

FAR EASTERN DEPARTMENT STORES, LTD

Consolidated statement of comprehensive income

From July 1 to Sep. 30, 2013 and 2012, and Year ended Sep. 30, 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 7190 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 7900 INCOME BEFORE INCOME TAX 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	From July 1 to Sep. 30, 2013 Amount ％ $ 10,655,124 100 5,549,285 52 5,105,839 48 231,338 2 4,731,821 45 4,963,159 47 142,680 1 253,315 3 490,259 5 ( 89,527 ) ( 1 ) 29,685 - 683,732 7 826,412 8 271,170 3 555,242 5 ( 14,433 ) - 163,149 1 ( 20,182 ) - 128,534 1 $ 683,776 6 $ 481,922 4 73,320 1 $ 555,242 5 $ 611,821 6 71,955 - $ 683,776 6 $ 0.34 $ 0.34	From July 1 to Sep. 30, 2013 Amount ％ $ 10,655,124 100 5,549,285 52 5,105,839 48 231,338 2 4,731,821 45 4,963,159 47 142,680 1 253,315 3 490,259 5 ( 89,527 ) ( 1 ) 29,685 - 683,732 7 826,412 8 271,170 3 555,242 5 ( 14,433 ) - 163,149 1 ( 20,182 ) - 128,534 1 $ 683,776 6 $ 481,922 4 73,320 1 $ 555,242 5 $ 611,821 6 71,955 - $ 683,776 6 $ 0.34 $ 0.34	From July 1 to Sep. 30, 2012 Amount ％ $ 10,925,685 100 5,828,753 53 5,096,932 47 217,494 2 4,770,995 44 4,988,489 46 108,443 1 376,606 4 12,484 - ( 172,639 ) ( 2 ) 32,586 - 249,037 2 357,480 3 ( 59,596 ) ( 1 ) 417,076 4 ( 50,728 ) ( 1 ) 215,039 2 95,124 1 259,435 2 $ 676,511 6 $ 344,351 3 72,725 1 $ 417,076 4 $ 619,095 6 57,416 - $ 676,511 6 $ 0.25 $ 0.25	From July 1 to Sep. 30, 2012 Amount ％ $ 10,925,685 100 5,828,753 53 5,096,932 47 217,494 2 4,770,995 44 4,988,489 46 108,443 1 376,606 4 12,484 - ( 172,639 ) ( 2 ) 32,586 - 249,037 2 357,480 3 ( 59,596 ) ( 1 ) 417,076 4 ( 50,728 ) ( 1 ) 215,039 2 95,124 1 259,435 2 $ 676,511 6 $ 344,351 3 72,725 1 $ 417,076 4 $ 619,095 6 57,416 - $ 676,511 6 $ 0.25 $ 0.25		Year ended Sep. 30, 2013 Amount ％ $ 33,069,485 100 17,029,876 51 16,039,609 49 884,032 3 13,958,861 42 14,842,893 45 1,196,716 4 331,467 1 1,087,452 3 390,476 ) ( 1 ) 159,477 1 1,187,920 4 2,384,636 8 620,362 2 1,764,274 6 88,377 - 318,213 ) ( 1 ) 13,955 ) - 243,791 ) ( 1 ) $ 1,520,483 5 $ 1,444,595 4 319,679 1 $ 1,764,274 5 $ 1,172,465 4 348,018 1 $ 1,520,483 5 $ 1.03 $ 1.03		Year ended Sep. 30, 2012	Year ended Sep. 30, 2012
		Amount $ 10,655,124 5,549,285 5,105,839 231,338 4,731,821 4,963,159 142,680 253,315 490,259 89,527 ) 29,685 683,732 826,412 271,170 555,242 14,433 ) 163,149 20,182 ) 128,534 $ 683,776 $ 481,922 73,320 $ 555,242 $ 611,821 71,955 $ 683,776 $ 0.34 $ 0.34		Amount $ 10,925,685 5,828,753 5,096,932 217,494 4,770,995 4,988,489 108,443 376,606 12,484 172,639 ) 32,586 249,037 357,480 59,596 ) 417,076 50,728 ) 215,039 95,124 259,435 $ 676,511 $ 344,351 72,725 $ 417,076 $ 619,095 57,416 $ 676,511 $ 0.25 $ 0.25		Amount $ 33,069,485 17,029,876 16,039,609 884,032 13,958,861 14,842,893 1,196,716 331,467 1,087,452 390,476 ) 159,477 1,187,920 2,384,636 620,362 1,764,274 88,377 318,213 ) 13,955 ) 243,791 ) $ 1,520,483 $ 1,444,595 319,679 $ 1,764,274 $ 1,172,465 348,018 $ 1,520,483 $ 1.03 $ 1.03		Amount $ 33,704,408 17,556,217 16,148,191 878,764 13,805,968 14,684,732 1,463,459 445,916 87,382 491,528 ) 120,036 161,806 1,625,265 425,871 1,199,394 108,325 ) 431,734 158,320 481,729 $ 1,681,123 $ 910,155 289,239 $ 1,199,394 $ 1,430,534 250,589 $ 1,681,123 $ 0.65 $ 0.65	％
	( ( (		( ( (		( ( ( (		( (		100 52 48 3 41 44 4 1 - ( 1 ) 1 1 5 1 4 - 1 - 1 5 3 1 4 4 1 5

FAR EASTERN DEPARTMENT STORES, LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED Sep. 30, 2013 AND 2012 (In thousands of New Taiwan Dollars) C o d e Year ended Sep. 30,2013 CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES A00010 INCOME BEFORE INCOME TAX $ 2,384,636 A20000 Adjustments to reconcile profit(loss) A20100 Depreciation expense 2,215,480 A20200 Amortization expense 18,150 A20300 Gain on reversal of losses on doubtful debts ( 5,696 ) A20400 Net loss (gain) on financial assets or liabilities at fair value through profit or loss ( 18,431 ) A20900 Finance costs 390,476 A23500 Impairment loss on financial assets 513 A29900 Reversal of provisions ( 12,216 ) A29900 Amortization of prepayments 10,650 A29900 Amortization of prepayments for lease 239,344 A29900 Reversing unrealized purchase discounts and allowances ( 17,700 ) A29900 Reversing unearned revenue ( 63,770 ) A22300 Share of loss (profit) of associates accounted for using equity method ( 159,477 ) A21200 Interest income ( 97,217 ) A21300 Dividend income ( 234,250 ) A22500 Loss (gain) on disposal of property, plantand equipment, net 35,539 A22800 Loss (gain) on disposal of intangible assets 2,480 A23100 Loss (gain) on disposal of Available-for-Sales financial asset, net ( 379,826 ) A23700 Loss for market price decline and obsolete and slow-moving inventories 38,228 A30000 Net changes in operating assets and liabilities A31110 Financial assets held for trading - A31130 Notes receivable 10,597 A31150 Accounts receivable 661,421 A31160 Notes and accounts receivable due from related parties 22,876 A31180 Other receivable 147,744 （Continued）	Year ended Sep. 30,2012
	$ 1,625,265 2,138,741 26,300 21,697 ( 15,954 ) 491,528 - 16,351 10,439 239,141 ( 18,800 ) ( 81,921 ) ( 120,036 ) ( 109,794 ) ( 336,122 ) 6,628 - - 32,193 ( 50,000 ) ( 5,731 ) ( 312,700 ) 73,031 ( 61,869 )

（ Continued ）

（Continued）
C o d e A31200 Inventories A31230 Prepayments A31240 Other current assets A31990 Prepaid pension costs 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 A33200 Dividends received A33500 Income taxes refund (paid) AAAA Net cash flows from (used in) operating activities CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES B01800 Acquisition of investments accounted for using equity method B01200 Acquisition of financial assets carried at cost B00600 Decrease (increase) in bond investments without active market B00400 Proceeds from disposal of available-for-sale financial assets B01300 Proceeds from disposal of financial assets at cost B02100 Decrease in prepayments for long-term investment B02700 Acquisition of property, plant and equipment B02800 Proceeds from disposal of property, plant and equipment B04100 Decrease (increase) in other receivable B04500 Acquisition of intangible assets B05400 Acquisition of investment property B06700 Decrease (increase) in other non-current assets B07600 Dividends received BBBB Net cash flows from (used in) investing activities Cash flows from (used in) financing activities （Continued）	Year ended Sep. 30,2013 50,067 181,169 7,461 4,059 ( 138,191 ) ( 6,524,046 ) ( 113,727 ) ( 1,528,462 ) 689,762 108,525 ( 9,387 ) 64,679 ( 2,018,540 ) ( 313,902 ) 93,064 99,117 (1,017,207 ) (3,157,468 ) ( 147,899 ) ( 50,000 ) 944,658 701,854 - - ( 2,676,942 ) 3,581 ( 1,237,779 ) ( 22,954 ) - ( 117,821 ) 222,969 (2,380,333 )	Year ended Sep. 30,2012
		( 371,841 ) 216,785 17,260 598 ( 341,349 ) ( 4,086,445 ) ( 103,581 ) ( 458,650 ) 1,386,502 56,190 ( 15,066 ) ( 93,613 ) ( 224,823 ) ( 518,492 ) 98,132 58,745 (1,325,687 ) (1,912,125 ) - ( 126,000 ) ( 1,733,348 ) - 261 67,336 ( 4,420,133 ) 960 - ( 23,416 ) ( 18,399 ) 41,416 330,930 (5,880,393 )

（ Continued ）

C o d e 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 C04400 Increase 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	Year ended Sep. 30,2013 39,767,771 ( 41,768,786 ) 19,771,211 ( 19,890,431 ) 39,204,362 ( 41,550,000 ) 84,834 ( 129 ) ( 197,462 ) (4,578,630 ) ( 4,812 ) (10,121,243 ) 16,794,103 $ 6,672,860	Year ended Sep. 30,2012
		52,184,037 ( 52,478,735 ) 21,853,869 ( 21,247,549 ) 54,200,595 ( 50,865,717 ) 56,685 ( 1,317,289 ) ( 207,531 ) 2,178,365 55,093 (5,559,060 ) 16,365,201 $10,806,141

(Concluded)