Business Context and Reporting Period
Company: ChipMOS TECHNOLOGIES INC.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: April 20, 2021
Subject: Announcement of differences between consolidated financial statements prepared under International Financial Reporting Standards (IFRSs) and Taiwan IFRSs for the year ended December 31, 2020.
Key Financial Metrics (Year Ended Dec 31, 2020)
| Metric | Taiwan IFRSs | IFRSs (SEC Filing) |
|---|---|---|
| Net Profit (Attributable to Equity Holders) | NT$2,367,483 thousand | NT$2,378,978 thousand |
| Total Comprehensive Income | NT$2,489,545 thousand | NT$2,494,286 thousand |
| Basic EPS (Net of Tax) | NT$3.26 | NT$3.27 |
| Diluted EPS (Net of Tax) | NT$3.21 | NT$3.23 |
| Total Consolidated Liabilities | NT$14,249,062 thousand | NT$14,364,975 thousand |
| Equity Attributable to Equity Holders | NT$20,831,752 thousand | NT$20,715,839 thousand |
Note: Revenue, cash flow, and margin data are not provided in this specific filing text.
Material Changes and Accounting Differences
The filing details variances between the two accounting standards rather than operational changes versus prior periods. The primary differences are:
- Net Profit: IFRSs reported NT$11,495 thousand higher than Taiwan IFRSs.
- Liabilities: IFRSs reported NT$115,913 thousand higher than Taiwan IFRSs.
- Equity: IFRSs reported NT$115,913 thousand lower than Taiwan IFRSs.
Management Commentary and Causes of Variance
Management attributes the differences primarily to:
- The timing of the recognition of the 5% income tax on unappropriated retained earnings.
- The accumulated effects of differences carried over from prior years.
The filing does not provide specific guidance, outlook, or risk factors beyond the accounting reconciliation. Investors are directed to the Investor Relations section of the company's website for further details.
Key Facts for Investor Verification
- Verify the specific impact of the 5% income tax on unappropriated retained earnings on the balance sheet classification.
- Confirm the accumulated prior-year adjustments affecting the equity and liability totals.
- Review the full Form 20-F annual report for comprehensive revenue, cash flow, and operational metrics not included in this 6-K summary.