EXAMPLE OF BUSINESS INFORMATION ON FOREIGN COMPANY
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NEW-TEK ELECTRONICS LTD |
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| REPORT DETAILS | |
| Company Name : | NEW-TEK ELECTRONICS LTD |
| Type : | Manufacturer |
| Industry : | Electronic Products & Components |
| Established Year : | 1989 |
| Office Contact Details | |
| Address : | 7Fl 43 Nanking East Rd Section 2 |
| Zip : | 104 |
| Suburb : | Chungshan Dist |
| City : | Taipei City |
| Tel : | [+886] 2-26511515 |
| Cell : | [+886] 9055266266 |
| Fax : | [+886] 2-26511717 |
| E-Mail : | fastape@new-tek.com |
| Web Site : | www.new-tek.com |
| Factory Contact Details | |
| Address : | Hsinchu Science-Based Industrial Park 7 Innovation Rd |
| Zip : | 300 |
| City : | Hsinchu City |
| Tel : | [+886] 3-5666262 |
| Fax : | [+886] 3-5626161 |
| Postal Details | |
| P.O. Box : | 52-118 |
| P.O. Zip : | 111 |
| P.O. Suburb : | Shihlin Dist |
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| BALANCE SHEET |
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Currency : NT$Thousand
(Except Number of Shares and Par Value) 31 December, 2007 31 December, 2006 ------------------------ ------------------------- ASSETS Current Assets Cash and cash equivalents 88,396 60,433 Investments in mutual funds - net 23,030 9,920 Notes receivable and accounts receivables - net of allowance for doubtful accounts of NT$5,819 (US$185) in 2005 1,180,484 698,902 Inventories - net 583,822 846,521 Receivables from related parties 154,590 138,069 Receivables from principals 93,493 119,263 Prepaid expenses and other current assets 226,883 53,404 Total current assets 2,350,698 1,926,512 Investments in shares of stock - net 561,234 487,934 Properties Cost Land 139,560 141,456 Buildings and equipment 364,477 356,777 Office equipment 332,938 249,535 Vehicles 48,137 45,430 Total cost 885,112 793,198 Less - accumulated depreciation 241,838 205,221 Construction in progress 18,971 13,337 Prepayments for buildings and equipment 1,858 - Net Properties 664,103 601,314 Intangible Assets Franchises 179,301 - Deferred charges 22,003 - Total intangible assets 201,304 - Other Assets 35,233 24,219 Total Assets 3,812,572 3,039,979 LIABILITIES & STOCKHOLDERS' EQUITY Current Assets Short-term bank loans 274,000 94,520 Commercial papers 319,359 - Notes payable and accounts payable 397,879 444,894 Accrued expenses liabilities 124,201 75,079 Income tax payable 1,964 - Other current liabilities 59,458 126,067 Total current liabilities 1,176,861 740,560 Long-term liabilities 131,000 22,000 Accrued pension cost 4,142 3,348 Other liabilities 146,247 - Total liabilities 1,458,250 765,908 Stockholders' equity Capital stock - NT$10 par value Authorized - 250,000 thousand shares Issued - 162,000 thousand shares 1,620,000 1,620,000 Capital surplus Paid-in capital in excess of par value 570,249 570,249 Gain on disposal of properties 1,908 1,144 From long-term stock investments 45 - Total capital surplus 572,202 571,393 Retained earnings Legal reserve 37,568 37,568 Unappropriated earnings 126,130 50,911 Total retained earnings 163,698 88,479 Unrealized loss on long-term stock investments (1,287) (5,801) Cumulative translation adjustments (291) - Total stockholders' equity 2,354,322 2,274,071 Total liabilities and stockholders' equity 3,812,572 3,039,979 INCOME STATEMENTS Product sales - net of sales returns and allowance of NT$244,211 (US$7,764) in 2005 and NT$224,847 in 2004 5,923,774 4,332,299 Central distribution service revenues 415,442 393,872 Commission revenues 6,369,023 4,760,570 Cost of product sales and costs of revenues from central distribution service 5,567,524 3,983,496 Gross Profit 801,499 777,074 Operating Expenses Sales and marketing 530,186 645,346 General and administrative 141,115 123,330 Income from operations 130,198 8,398 Non-operating income Interest 13,318 7,683 Investment income recognized under equity method 12,058 - Gain on disposal of investments in mutual funds 2,787 - Others 26,093 13,003 Total non-operating income 54,256 25,040 Non-operating expenses Provision for decline in value of inventories 48,614 32,325 Foreign exchange losses - net 22,705 4,156 Interest 11,790 24,826 Investment loss recognized under equity method - 17,344 Other 2,751 8,762 Total non-operating expenses 85,860 87,413 Income (loss) before income tax 98,594 (53,975) Income tax 22,606 (4,531) Net income (loss) 75,988 (49,444) |
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