Source document: united-micro-electronics-corp_2019

Question: What was the legal reserve amount in 2019?
Facts: $963,947
Answer: $963,947

Question: What is the implication for reserving debit elements?
Facts: the special reserve in the amount equal to the reversal may be released for earnings distribution or offsetting accumulated deficits.
Answer: the special reserve in the amount equal to the reversal may be released for earnings distribution or offsetting accumulated deficits.

Question: What was the cash dividend per share in 2019?
Facts: $0.75
Answer: $0.75

Question: What is the average Legal reserve within Appropriation of earnings?
Facts: 707,299; 963,947
Derivation: (707,299+963,947) / 2
Answer: 835623 thousand

Question: What is the increase/ (decrease) in Legal reserve within Appropriation of earnings from 2018 to 2019?
Facts: 707,299; 963,947
Derivation: 963,947-707,299
Answer: 256648 thousand

Question: What is the increase/ (decrease) in Cash dividends within Appropriation of earnings from 2018 to 2019?
Facts: 6,916,105; 9,765,155
Derivation: 9,765,155-6,916,105
Answer: 2849050 thousand

Question: What accounting practices is used by the company in equity accounting?
Facts: international accounting practices
Answer: international accounting practices

Question: What was the price quotation for investments as of 31 December 2018?
Facts: NT$1,733 million
Answer: NT$1,733 million

Question: What was the fair value for investments as of 31 December 2018 ?
Facts: NT$1,621 million
Answer: NT$1,621 million

Question: What is the average amount of investments of listed companies in 2018?
Facts: 1,483,111; 249,663
Derivation: (249,663+1,483,111) / 2
Answer: 866387 thousand

Question: What is the average amount of investments of listed companies in 2019?
Facts: 1,473,028; 276,515
Derivation: (276,515+1,473,028) / 2
Answer: 874771.5 thousand

Question: What is the average Percentage of ownership or voting rights of listed companies in 2019?
Facts: 13.78; 21.9
Derivation: (21.9+13.78) / 2
Answer: 17.84 percent

Question: What were the company's unsecured bank loans in 2019?
Facts: $7,780,552
Answer: $7,780,552

Question: How much was Company’s unused short-term lines of credit as of December 31, 2018?
Facts: NT$77,658 million
Answer: NT$77,658 million

Question: How much was Company’s unused short-term lines of credit as of December 31, 2019?
Facts: NT$64,169 million
Answer: NT$64,169 million

Question: What is the total Unsecured bank loans?
Facts: 7,780,552; 8,080,200
Derivation: 7,780,552+8,080,200
Answer: 15860752 million

Question: What is the total Unsecured other loans?
Facts: 3,935,006; 5,323,256
Derivation: 5,323,256+3,935,006
Answer: 9258262 million

Question: What is the average Unsecured other loans?
Facts: 3,935,006; 5,323,256
Derivation: (5,323,256+3,935,006) / 2
Answer: 4629131 million

Question: What does the company culture emphasize on?
Facts: Our culture emphasizes responsiveness to customer needs with a focus on flexibility, speed and accuracy throughout our manufacturing and delivery processes
Answer: Our culture emphasizes responsiveness to customer needs with a focus on flexibility, speed and accuracy throughout our manufacturing and delivery processes

Question: What is the major portion of the operating revenue?
Facts: wafers
Answer: wafers

Question: What is the approach taken by the company to grow its business?
Facts: Our customer oriented approach is especially evident in two types of services: customer design development services and manufacturing services.
Answer: Our customer oriented approach is especially evident in two types of services: customer design development services and manufacturing services.

Question: What is the increase / (decrease) in the Fabless design companies from 2018 to 2019?
Facts: 91.3; 92.4
Derivation: 91.3% - 92.4%
Answer: -1.1 percent

Question: What is the average of Integrated device manufacturers?
Facts: 3; 7.6; 8.7; 9.0
Derivation: (9.0% + 7.6% + 8.7%) / 3
Answer: 8.43 percent

Question: What is the increase / (decrease) in the Integrated device manufacturers from 2017 to 2018?
Facts: 7.6; 9.0
Derivation: 7.6% - 9.0%
Answer: -1.4 percent

Question: How does the the Board of Directors estimates the compensation amount?
Facts: The Board of Directors estimates the amount by taking into consideration the Articles of Incorporation, government regulations and industry averages.
Answer: The Board of Directors estimates the amount by taking into consideration the Articles of Incorporation, government regulations and industry averages.

Question: When was the distributions of employees and directors’ compensation for 2017 and 2018 reported?
Facts: June 12, 2018; June 12, 2019
Answer: June 12, 2018; June 12, 2019

Question: Where can the Information relevant to the aforementioned employees and directors’ compensation be obtained?
Facts: “Market Observation Post System” on the website of the TWSE
Answer: “Market Observation Post System” on the website of the TWSE

Question: What is the average Directors’ compensation?
Facts: 10,259; 11,452; 7,624
Derivation: (11,452+7,624+10,259) / 3
Answer: 9778.33 thousand

Question: What is the increase/ (decrease) in Directors’ compensation from 2018 to 2019?
Facts: 10,259; 7,624
Derivation: 10,259-7,624
Answer: 2635 thousand

Question: What is the increase/ (decrease) in Employees’ compensation – Cash from 2018 to 2019?
Facts: 1,132,952; 1,400,835
Derivation: 1,132,952-1,400,835
Answer: -267883 thousand

Question: Is there a  individually significant associate or joint venture for the Company?
Facts: There is no individually significant associate or joint venture for the Company.
Answer: There is no individually significant associate or joint venture for the Company.

Question: What is recognized as comprehensive income (loss)?
Facts: an exchange difference arising from translation of the foreign entity will be recognized in other comprehensive income (loss).
Answer: an exchange difference arising from translation of the foreign entity will be recognized in other comprehensive income (loss).

Question: What method is used to calculate the aggregate amount of the Company’s share?
Facts: the equity method
Answer: the equity method

Question: What is the average Profit (loss) from continuing operations?
Facts: 115,329; 616,665; 77,589
Derivation: (77,589+616,665+115,329) / 3
Answer: 269861 thousand

Question: What is the increase/ (decrease) in Total comprehensive income (loss) from 2018 to 2019?
Facts: 699,536; 988,637
Derivation: 988,637-699,536
Answer: 289101 thousand

Question: What is the increase/ (decrease) in Profit (loss) from continuing operations from 2018 to 2019?
Facts: 115,329; 616,665
Derivation: 115,329-616,665
Answer: -501336 thousand

Question: What causes the  movement of contract liabilities?
Facts: mainly caused by the timing difference of the satisfaction of a performance of obligation and the consideration received from customers.
Answer: mainly caused by the timing difference of the satisfaction of a performance of obligation and the consideration received from customers.

Question: What was the revenue recorded from the contract liabilities balance at the beginning of the period for the years ended December 31, 2018?
Facts: NT$3,815 million
Answer: NT$3,815 million

Question: What was the revenue recorded from the contract liabilities balance at the beginning of the period for the years ended December 31, 2019?
Facts: NT$616 million
Answer: NT$616 million

Question: What are the average Sales of goods and services for December 31, 2018 to 2019?
Facts: 1,470,195; 932,371
Derivation: (932,371+1,470,195) / 2
Answer: 1201283 thousand

Question: What is the increase/ (decrease) in Sales of goods and services for December 31, 2018 to 2019?
Facts: 1,470,195; 932,371
Derivation: 1,470,195-932,371
Answer: 537824 thousand

Question: What is the increase/ (decrease) in Sales of goods and services for January 1, 2018 to December 31, 2018?
Facts: 3,951,414; 932,371
Derivation: 932,371-3,951,414
Answer: -3019043 thousand

Question: What are the obligations to make lease payments?
Facts: obligations to make lease payments mainly to use machineries, equipment, office and land on which our fabs are located
Answer: obligations to make lease payments mainly to use machineries, equipment, office and land on which our fabs are located

Question: What is average of loans?
Facts: 4; 51,058
Derivation: 51,058 / 4
Answer: 12764.5 million

Question: What is the average lease obligation for the period Less than 1 Year and 1-3 Years?
Facts: 1,414; 741
Derivation: (741+1,414) / 2
Answer: 1077.5 million

Question: What is the average of total contractual cash obligations?
Facts: 158,415; 4
Derivation: 158,415 / 4
Answer: 39603.75 million

Question: What does Purchase obligations incorporate?
Facts: Represents commitments for purchase of raw materials and construction contracts, intellectual properties and royalties payable under our technology license agreements.
Answer: Represents commitments for purchase of raw materials and construction contracts, intellectual properties and royalties payable under our technology license agreements.

Question: What does other long-term obligation include?
Facts: Represents the guarantee deposits and financial liability for the repurchase of other investors’ investment
Answer: Represents the guarantee deposits and financial liability for the repurchase of other investors’ investment

Question: How is the Beneficial ownership determined?
Facts: Beneficial ownership is determined in accordance with SEC rules.
Answer: Beneficial ownership is determined in accordance with SEC rules.

Question: Do the major stockholders have different voting rights?
Facts: None of our major stockholders have different voting rights from those of our other stockholders.
Answer: None of our major stockholders have different voting rights from those of our other stockholders.

Question: Is the corporation regulated by second or third party regulator?
Facts: we are not directly or indirectly controlled by another corporation, by any foreign government or by any other natural or legal person severally or jointly.
Answer: we are not directly or indirectly controlled by another corporation, by any foreign government or by any other natural or legal person severally or jointly.

Question: What is the increase/ (decrease) in number of common shares beneficially owned of Silicon Integrated Systems Corp. from April 14, 2018 to April 14, 2019?
Facts: 2.35; 2.50
Derivation: 2.35-2.50
Answer: -0.15 percent

Question: What is the increase/ (decrease) in number of common shares beneficially owned of Hsun Chieh Investment Co., Ltd. from April 14, 2018 to April 14, 2019?
Facts: 3.50; 3.64
Derivation: 3.64-3.50
Answer: 0.14 percent

Question: What is the increase/ (decrease) in number of common shares beneficially owned of Directors and executive officers as a group from April 14, 2018 to April 14, 2019?
Facts: 6.32; 6.67
Derivation: 6.67-6.32
Answer: 0.35 percent

Question: What is the criteria to adjust the salaries? 
Facts: Salaries are adjusted based on industry standards, inflation and individual performance.
Answer: Salaries are adjusted based on industry standards, inflation and individual performance.

Question: As of December 31, 2019, how many individual were employed under various departments?
Facts: As of December 31, 2019, we had 19,577 employees, which included 11,328 engineers, 7,416 technicians and 833 administrative staff performing administrative functions on a consolidated basis.
Answer: As of December 31, 2019, we had 19,577 employees, which included 11,328 engineers, 7,416 technicians and 833 administrative staff performing administrative functions on a consolidated basis.

Question: What is the criteria for an employee to receive additional bonuses?
Facts: Employees are entitled to receive additional bonuses based on a certain percentage of our allocable surplus income.
Answer: Employees are entitled to receive additional bonuses based on a certain percentage of our allocable surplus income.

Question: What are the average number of Engineers employed? 
Facts: 11,328; 11,651; 11,846
Derivation: (11,846+11,651+11,328) / 3
Answer: 11608.33 thousand

Question: What is the average number of Technicians employed?
Facts: 7,416; 7,432; 7,494
Derivation: (7,432+7,494+7,416) / 3
Answer: 7447.33 thousand

Question: What is the average number of Administrative Staff employed?
Facts: 784; 798; 833
Derivation: (798+784+833) / 3
Answer: 805

Question: The employee pension plan is mandated under which Act?
Facts: the Labor Standards Act of the R.O.C.
Answer: the Labor Standards Act of the R.O.C.

Question: What is the criteria for distributing pension benefits?
Facts: The pension benefits are disbursed based on the units of service years and average monthly salary prior to retirement according to the Labor Standards Act.
Answer: The pension benefits are disbursed based on the units of service years and average monthly salary prior to retirement according to the Labor Standards Act.

Question: What percentage of amount is contributed to the company in the pension fund of an employee?
Facts: 2%
Answer: 2%

Question: What is the average Service cost?
Facts: 21,043; 24,477
Derivation: (24,477+21,043) / 2
Answer: 22760 thousand

Question: What is the average interest cost?
Facts: 51,146; 61,247
Derivation: (61,247+51,146) / 2
Answer: 56196.5 thousand

Question: What is the increase/ (decrease) in Benefits paid from 2018 to 2019?
Facts: 216,510; 233,530
Derivation: 216,510-233,530
Answer: -17020 thousand

Question: Why did the Operating revenues decreased from 2018 to 2019? 
Facts: primarily due to decreased other operating revenues, decreased foundry wafer sale, and 2.5% depreciation of the NTD in 2019 from 2018.
Answer: primarily due to decreased other operating revenues, decreased foundry wafer sale, and 2.5% depreciation of the NTD in 2019 from 2018.

Question: Why did the Operating costs decreased from 2018 to 2019?
Facts: primarily due to the decreased depreciation expense and other operating costs, which was partially offset by the increased direct material costs.
Answer: primarily due to the decreased depreciation expense and other operating costs, which was partially offset by the increased direct material costs.

Question: Why did the gross margin decreased from 2018 to 2019?
Facts: primarily due to an annual decline of 2.9% in average selling price.
Answer: primarily due to an annual decline of 2.9% in average selling price.

Question: What is the average of Gross profit?
Facts: 14.4; 15.1; 18.1
Derivation: (18.1+15.1+14.4) / 3
Answer: 15.87 percent

Question: What is the average Operating expenses?
Facts: 14.6; 14.7; 14.8
Derivation: (14.8+14.7+14.6) / 3
Answer: 14.7 percent

Question: What is the average Operating income?
Facts: 3.3; 3.8; 4.4
Derivation: (4.4+3.8+3.3) / 3
Answer: 3.83 percent

Question: What is market risk?
Facts: Market risk is the risk of loss related to adverse changes in market prices, including interest rates and foreign exchange rates, of financial instruments.
Answer: Market risk is the risk of loss related to adverse changes in market prices, including interest rates and foreign exchange rates, of financial instruments.

Question: What were the Time Deposits: Non-Trading Purpose carrying amount?
Facts: 62,320
Answer: 62,320 million

Question: What were the accounts receivables in 2019?
Facts: US$626 million
Answer: US$626 million

Question: What is the difference in Time Deposits: Non-Trading Purpose between Carrying Amount and Fair Amount?
Facts: 62,320
Derivation: 62,320 - 62,320
Answer: 0 million

Question: What is the difference between Bonds: Non-Trading Purpose Carrying Amount and Fair Amount?
Facts: 38,781; 39,572
Derivation: 38,781 - 39,572
Answer: -791 million

Question: What is the percentage increase / (decrease) of the Long-term Loans: Non-Trading Purpose Carrying Amount versus the Fair Amount?
Facts: 33,902
Derivation: 33,902 / 33,902 - 1
Answer: 0 percent

Question: What were the operating costs for the year ended December 31, 2017?
Facts: NT$118,252 million
Answer: NT$118,252 million

Question: How much of operating costs were related to write-down of inventories for year ended December 31, 2017?
Facts: NT$2,256 million
Answer: NT$2,256 million

Question: How many inventories were pledged?
Facts: None
Answer: None

Question: What was the increase / (decrease) in the raw materials from 2018 to 2019?
Facts: 3,766,056; 5,102,571
Derivation: 5,102,571 - 3,766,056
Answer: 1336515 million

Question: What was the average Supplies and spare parts?
Facts: 3,133,737; 3,548,376
Derivation: (3,133,737 + 3,548,376) / 2
Answer: 3341056.5 million

Question: What was the percentage increase / (decrease) in the Finished goods from 2018 to 2019?
Facts: 1,268,838; 1,754,137
Derivation: 1,754,137 / 1,268,838 - 1
Answer: 38.25 percent

Question: When did the company adopt IFRS 16?
Facts: January 1, 2019
Answer: January 1, 2019

Question: What are the company's risk management objectives?
Facts: to manage the market risk, credit risk and liquidity risk related to its operating activities
Answer: to manage the market risk, credit risk and liquidity risk related to its operating activities

Question: What were the Financial assets at fair value through profit or loss in 2018?
Facts: $12,084,297
Answer: $12,084,297 thousand

Question: What is the increase / (decrease) in the Financial assets at fair value through profit or loss from 2018 to 2019?
Facts: 12,084,297; 14,021,473
Derivation: 14,021,473 - 12,084,297
Answer: 1937176 thousand

Question: What is the increase / (decrease) in the Short-term loans from 2018 to 2019?
Facts: 12,015,206; 13,103,808
Derivation: 12,015,206 - 13,103,808
Answer: -1088602 thousand

Question: What is the percentage change of Other financial assets from 2018 to 2019?
Facts: 2,320,037; 2,353,066
Derivation: 2,353,066 / 2,320,037 - 1
Answer: 1.42 percent

Question: What is The primary objective of the Company’s capital management?
Facts: The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios to support its business and maximize the stockholders’ value. The Company also ensures its ability to operate continuously to provide returns to stockholders and the interests of other related parties, while maintaining the optimal capital structure to reduce costs of capital.
Answer: The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios to support its business and maximize the stockholders’ value. The Company also ensures its ability to operate continuously to provide returns to stockholders and the interests of other related parties, while maintaining the optimal capital structure to reduce costs of capital.

Question: What steps does the company take To maintain or adjust the capital structure?
Facts: the Company may adjust the dividend payment to stockholders, return capital to stockholders, issue new shares or dispose assets to redeem liabilities.
Answer: the Company may adjust the dividend payment to stockholders, return capital to stockholders, issue new shares or dispose assets to redeem liabilities.

Question: What is the company's strategy?
Facts: the Company’s strategy, which is unchanged for the reporting periods, is to maintain a reasonable ratio in order to raise capital with reasonable cost.
Answer: the Company’s strategy, which is unchanged for the reporting periods, is to maintain a reasonable ratio in order to raise capital with reasonable cost.

Question: What is the increase / (decrease) in the Total liabilities from 2018 to 2019?
Facts: 158,199,746; 163,347,778
Derivation: 163,347,778 - 158,199,746
Answer: 5148032 thousand

Question: What is the increase / (decrease) in the Net debt from 2018 to 2019?
Facts: 67,855,301; 74,538,007
Derivation: 67,855,301 - 74,538,007
Answer: -6682706 thousand

Question: What is the percentage increase / (decrease) of Total Capital from 2018 to 2019?
Facts: 270,769,216; 278,935,490
Derivation: 270,769,216 / 278,935,490 - 1
Answer: -2.93 percent