Business Context and Reporting Period
This Form 6-K filing by ChipMOS TECHNOLOGIES INC. is dated April 14, 2022. The report discloses the differences between consolidated financial statements prepared under Taiwan IFRSs and International Financial Reporting Standards (IFRSs) for the fiscal year ended December 31, 2021.
Key Financial Metrics
| Metric | Taiwan IFRSs | IFRSs (US Filing) |
|---|---|---|
| Net Profit (NT$ thousand) | 5,059,069 | 4,937,267 |
| Total Comprehensive Income (NT$ thousand) | 5,149,228 | 5,021,470 |
| Basic EPS (NT$) | 6.96 | 6.79 |
| Diluted EPS (NT$) | 6.81 | 6.65 |
| Total Liabilities (NT$ thousand) | 18,136,698 | 18,380,369 |
| Equity (NT$ thousand) | 24,385,886 | 24,142,215 |
The filing text does not provide specific values for revenue, operating cash flow, gross margins, or debt maturity schedules.
Material Changes and Accounting Differences
The primary variance between the two reporting standards is a reduction in net profit and equity under IFRSs compared to Taiwan IFRSs. Specifically, net profit is lower by NT$121,802 thousand, and equity is lower by NT$243,671 thousand under IFRSs.
These differences are attributed to:
- The timing of recognition for the 5% income tax on unappropriated retained earnings.
- Accumulated effects of differences carried over from prior years.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the accounting standard discrepancies. Management directs investors 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 future cash flows.
- Confirm the reconciliation of the accumulated prior-year differences affecting current equity.
- Review the full Form 20-F for detailed revenue and cash flow data not included in this summary.
- Check the company website for the detailed reconciliation table referenced in the filing.