UMC Reports First Quarter 2018 Results

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to: (i) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic and political conditions; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, including natural disasters, terrorist activity, armed conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii) fluctuations in foreign currency exchange rates. Further information regarding these and other risks is included in UMC’s filings with the United States Securities and Exchange Commission. All information provided in this release is as of the date of this release and are based on assumptions that UMC believes to be reasonable as of this date, and UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

The financial statements included in this release are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the ROC, which is different from International Financial Reporting Standards, or IFRSs, issued by the International Accounting Standards Board. Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs differ in certain significant respects from generally accepted accounting principles in the ROC and generally accepted accounting principles in the United States.

This presentation is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.




Consolidated Condensed Balance Sheet
As of March 31, 2018
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
March 31, 2018
US$ NT$ %
Current assets
Cash and cash equivalents 2,650 77,143 20.0%
Financial assets at fair value through profit or loss, current 18 525 0.1%
Contract assets, current 5 135 0.0%
Notes & Accounts receivable, net 859 25,013 6.5%
Inventories, net 589 17,137 4.4%
Other current assets 565 16,468 4.4%
Total current assets 4,686 136,421 35.4%
Non-current assets
Funds and investments 1,239 36,079 9.4%
Property, plant and equipment 6,756 196,664 51.0%
Other non-current assets 564 16,396 4.2%
Total non-current assets 8,559 249,139 64.6%
Total assets 13,245 385,560 100.0%
Current liabilities
Short-term loans 693 20,168 5.2%
Contract liabilities, current 104 3,028 0.8%
Payables 837 24,375 6.3%
Current portion of long-term liabilities 681 19,829 5.2%
Other current liabilities 178 5,169 1.3%
Total current liabilities 2,493 72,569 18.8%
Non-current liabilities
Bonds payable 813 23,677 6.1%
Long-term loans 994 28,935 7.5%
Other non-current liabilities 1,518 44,167 11.5%
Total non-current liabilities 3,325 96,779 25.1%
Total liabilities 5,818 169,348 43.9%
Equity attributable to the parent company
Capital 4,337 126,243 32.7%
Additional paid-in capital 1,426 41,524 10.8%
Retained earnings, unrealized gains or losses on financial

assets measured at fair value through other comprehensive

income and exchange differences on translation of foreign


1,840 53,561 13.9%
Treasury stock (183) (5,321) (1.4%)
Total equity attributable to the parent company 7,420 216,007 56.0%
Non-controlling interests 7 205 0.1%
Total equity 7,427 216,212 56.1%
Total liabilities and equity 13,245 385,560 100.0%
Note:New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2018 exchange rate of NT $29.11 per U.S. Dollar.

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