Semilux International Ltd. Ordinary Shares / "Tax" | Tables in SEC filings

SELX Semilux International Ltd. Ordinary Shares

15 May 24

Annual report (foreign)

4:34pm

	For the years ended December 31,
	2021		2022		2023		2023
	NT$		NT$		NT$		US$
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)/income		(30,511)		15,023		(63,029)		(2,058)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment		13,966		13,473		14,302		467
Amortization of right-of-use assets		12,749		11,332		10,095		330
Amortization expense of intangible asset		10,207		-		-		-
Allowance for doubtful accounts		-		253		(268)		(9)
Deferred income tax		(974)		6,429		1,019		32
Gain/(loss) on disposal of property and equipment		-		(25)		30		1
Loss on disposal of subsidiaries		-		5,118		-		-
Changes in operating assets and liabilities:
Accounts receivable		(7,131)		16,731		1,154		38
Inventories		(8,669)		(9,442)		(10,983)		(359)
Prepaid expenses and other current assets		(3,454)		(7,376)		3,238		104
Right-of-use assets		(6,681)		-		(11,859)		(387)
Other non-current assets		(1,993)		3,646		11,932		390
Accounts payable		1,290		(5,078)		(1,569)		(51)
Lease liabilities		(5,603)		(11,704)		2,070		68
Other payables		4,243		198		5,728		187
Income taxes payable		1,814		753		-		-
Other current liabilities		(212)		(2,832)		80		3
Net cash (used in)/provided by operating activities		(20,959)		36,499		(38,060)		(1,244)

CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from disposal of subsidiaries, net off cash balance at disposed entities		-		(1,511)		-		-
Purchase of property and equipment, net		(19,426)		(28,417)		(23,658)		(773)
Proceeds from disposal of property and equipment, net		-		35		93		3
Decrease in refundable deposits		10		790		-		-
Net cash used in investing activities		(19,416)		(29,103)		(23,565)		(770)

CASH FLOWS FORM FINANCING ACTIVITIES
Increase in short-term loans		77,480		219,164		100,152		3,271
Decrease in short-term loans		(52,740)		(200,904)		(118,522)		(3,871)
Deferred offering costs		-		-		(31,154)		(1,017)
Proceeds from long-term debt		44,780		21,790		-		-
Repayments of long-term debt		(1,545)		(15,412)		(18,294)		(597)
Net cash provided by/(used in) financing activities		67,975		24,638		(67,818)		(2,214)
Effect of exchange rate changes on cash and cash equivalents		(327)		-		-		-
Net increase (decrease) in cash, cash equivalents and restricted cash		27,273		32,034		(129,443)		(4,228)
Cash, cash equivalents and restricted cash at beginning of year		364,716		391,989		424,023		13,848
Cash, cash equivalents and restricted cash at end of year		391,989		424,023		294,580		9,620

Supplemental disclosure of cash flow information:
Cash paid for income tax		(458)		(2,413)		(1,438)		(47)
Cash paid for interest		(1,690)		(2,695)		(3,015)		(98)

Supplemental disclosure of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for lease obligations		6,681		-		11,246		367

	For the year ended December 31,									Differences
		2022				2023					Amount				Percentage
		NTD		U.S. $		NTD		U.S. $			NTD		U.S. $
Item		‘000		‘000		‘000		‘000			‘000		‘000		%
Total revenue			102,438		3,336		32,840		1,073			(69,598)		(2,263)		(67.9)
Cost of revenue			56,525		1,841		48,049		1,569			(8,476)		(272)		(15.0)
Gross profit/(loss)			45,913		1,495		(15,209)		(496)			(61,122)		(1,991)		(133.1)
Operating expenses
Selling expenses			12,534		408		11,363		371			(1,171)		(37)		(9.3)
Administrative expenses			25,650		835		24,360		796			(1,290)		(39)		(5.0)
Research and development expenses			26,845		874		24,195		790			(2,650)		(84)		(9.9)
Impairment loss			253		8		-		-			(253)		(8)		(100.0)
Total operating expenses			65,282		2,126		59,918		1,957			(5,364)		(169)		(8.2)
Net operating loss			(19,369)		(631)		(75,127)		(2,453)			(55,758)		(1,822)		287.9
Non-operating expenses
Interest income			3,462		113		14,680		479			11,218		366		324.0
Other income			2,844		93		385		13			(2,459)		(80)		(86.5)
Other gain, net			37,399		1,218		992		32			(36,407)		(1,186)		(97.3)
Interest expenses			(2,884)		(94)		(2,940)		(96)			(56)		(2)		1.9
Total non-operating expenses			40,821		1,329		13,117		428			(27,704)		(901)		(67.9)
Profit/(loss) before income tax			21,452		699		(62,010)		(2,025)			(83,462)		(2,724)		(389.1)
Income tax expense			6,429		209		1,019		33			(5,410)		(176)		(84.1)
Net income/(loss)			15,023		489		(63,029)		(2,058)			(78,052)		(2,547)		(519.6)
Total comprehensive income/(loss)			15,023		489		(63,029)		(2,058)			(78,052)		(2,547)		(519.6)
Less: comprehensive income (loss) attributable to non-controlling interest			194		6		(13,003)		(425)			(13,197)		(431)		(6,802.6)
Total comprehensive income (loss) attributable to ordinary shareholders			14,829		483		(50,026)		(1,633)			(64,855)		(2,116)		(437.4)

	For the years ended December 31,
	2021		2022		2023
(Loss) income before income tax provision	NT$	(29,213)	NT$	21,452	NT$	(62,010)
Income tax computed at statutory tax rate		(5,057)		2,613		(12,402)
Non-taxable income and non-deductible expenses		349		1,353		28
Temporary differences that unrecognized deferred tax assets		4,337		-		4,121
Tax loss that unrecognized deferred tax assets		2,410		2,463		9,272
Others		(741)		-		-
Income taxes expense	NT$	1,298	NT$	6,429	NT$	1,019

	For the year ended December 31, 2021					For the year ended December 31, 2022					Differences in Amount and Percentage (%)
Item		NTD ‘000		U.S.$ ‘000			NTD ‘000		U.S.$ ‘000			NTD ‘000		U.S.$ ‘000		%
Total revenue			126,133		4,107			102,438		3,336			(23,695)		(772)		(18.8)
Cost of revenue			69,310		2,257			56,525		1,841			(12,785)		(416)		(18.5)
Gross profit			56,823		1,850			45,913		1,495			(10,910)		(355)		(19.2)
Operating expenses
Selling expenses			10,490		342			12,534		408			2,044		67		19.5
Administrative expenses			18,387		599			25,650		835			7,263		237		39.5
Research and development expenses			40,921		1,332			26,845		874			(14,076)		(458)		(34.4)
Impairment loss			-		-			253		8			253		8		100.0
Total operating expenses			69,798		2,273			65,282		2,126			(4,516)		(147)		(6.5)
Net operating loss			(12,975)		(423)			(19,369)		(631)			(6,393)		(208)		49.3
Non-operating income (expenses)
Interest income			419		14			3,462		113			3,043		99		726.3
Other income			7,166		233			2,844		93			(4,322)		(141)		(60.3)
Other gains and losses			(21,627)		(704)			37,399		1,218			59,026		1,922		272.9
Interest expenses			(2,196)		(72)			(2,884)		(94)			(688)		(22)		31.3
Total non-operating Income (expenses)			(16,238)		(529)			40,821		1,329			57,058		1,858		351.4
Profit (loss) before tax			(29,213)		(951)			21,452		699			50,665		1,650		173.4
Income tax expense			(1,298)		(42)			6,429		209			5,131		252		395.3
Net Profit (loss) for the Period			(30,511)		(994)			15,023		489			45,534		1,483		149.2
Other comprehensive (loss) Income
Foreign currency translation adjustment			(329)		(11)			-		-			329		11		(100.0)
Total comprehensive (loss) income			(30,840)		(1,004)			15,023		489			45,863		1,493		148.7
Less: Comprehensive (loss) income attributable to non-controlling interest			(19,201)		(626)			194		6			19,395		632		101.0
Total comprehensive Income (loss) attributable to ordinary shareholders			(11,639)		(379)			14,829		483			26,468		862		227.4

	Year ended December 31,
	2023		2022
Audit fees (1)	$	150,000	$	230,000
Tax fees (2)		-		-
Total		150,000		230,000

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