Business Context and Reporting Period
This Form 6-K filing by ChipMOS TECHNOLOGIES INC. is dated April 25, 2019. The report announces the differences between consolidated financial statements prepared under International Financial Reporting Standards (IFRSs) for the U.S. SEC filing and Taiwan IFRSs for local regulatory purposes for the fiscal year ended December 31, 2018.
Key Financial Metrics (Year Ended December 31, 2018)
| Metric | Taiwan IFRSs (Local) | IFRSs (SEC Filing) |
|---|---|---|
| Net Profit Attributable to Equity Holders | NT$1,103,075 thousand | NT$1,325,824 thousand |
| Total Comprehensive Income | NT$1,070,246 thousand | NT$1,292,995 thousand |
| Basic EPS (Net of Tax) | NT$1.37 | NT$1.65 |
| Diluted EPS (Net of Tax) | NT$1.36 | NT$1.63 |
| Total Consolidated Liabilities | NT$15,062,907 thousand | NT$15,112,545 thousand |
| Total Equity | NT$18,070,811 thousand | NT$18,021,173 thousand |
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 material difference between the two reporting standards is the timing of the recognition of the 5% income tax on unappropriated retained earnings and the accumulated effects of differences carried over from prior years. Consequently, the IFRS figures reported to the SEC show higher net profit and comprehensive income compared to the Taiwan IFRS figures.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the disclosure of accounting standard differences. It notes that the audit report for the SEC filing was issued pursuant to U.S. Public Company Accounting Oversight Board rules, differing from the audit report filed with the Taiwan Financial Supervisory Commission.
Investor Verification Checklist
- Verify the reconciliation of the 5% income tax on unappropriated retained earnings between the two standards.
- Confirm the impact of accumulated prior-year differences on current equity balances.
- Review the full 2018 Form 20-F for detailed revenue and cash flow data not included in this summary.
- Check the company's Investor Relations website for additional details referenced in the filing.