6-K 1 dp69750_6k.htm FORM 6-K

 

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

October 27, 2016

 

Commission File Number 001-31335

 

AU Optronics Corp.
(Translation of registrant’s name into English)

 

No. 1 Li-Hsin Road 2
Hsinchu Science Park
Hsinchu, Taiwan
(Address of principal executive offices)

  

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F  _X           Form 40-F  ____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ____

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ____

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ___     No _X_

 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

Not applicable

 

 

 

 

 

INDEX TO EXHIBITS

 

Item

 

1.Press release entitled, “AU Optronics Corp. Reports Third Quarter 2016 Financial Results” dated October 27, 2016.

 

2.Investor Conference Materials entitled, “AU Optronics Corp. Third Quarter 2016 Results”, dated October 27, 2016.

 

 

 

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

AU Optronics Corp. 

   
   
Date: October 27, 2016 By: /s/  Benjamin Tseng
    Name: Benjamin Tseng
    Title: Chief Financial Officer

 

 

 

 

Item 1

 

 

 

 

 

  

News Release

 

 

AU Optronics Corp. Reports Third Quarter 2016 Net Profit of NT$4.62 billion, Growing Nearly 40% Year-over-Year

 

Issued by: AU Optronics Corp.
Issued on: October 27, 2016

 

Hsinchu, Taiwan, October 27, 2016–

 

AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held its investor conference and announced its unaudited consolidated financial results for the third quarter of 2016(1).

 

Consolidated revenues in the third quarter of 2016 were NT$86.02 billion, up by 7.4% from the previous quarter. Gross profit was NT$11.31 billion, with a gross margin of 13.1%. Operating profit was NT$5.76 billion, with an operating margin of 6.7%. AUO’s net profit for the third quarter of 2016 was NT$4.62 billion. Net profit attributable to owners of the Company was NT$4.90 billion, with a basic EPS(2) of NT$0.51.

 

In the third quarter of 2016, large-sized panel(3) shipments totaled 29.27 million units, representing an increase of 2.8% quarter-over-quarter. Shipments of small-and-medium-sized panels in the same quarter exceeded 37.97 million units, down by 10.6% quarter-over-quarter.

 

AUO’s unaudited consolidated results for the third quarter of 2016 were highlighted as below:

 

Revenues of NT$86.02 billion

 

Operating profit of NT$5.76 billion

 

Net profit of NT$4.62 billion

 

Basic EPS(2) of NT$0.51

 

Operating margin was 6.7%

 

EBITDA(4) margin was 17.9%

 

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News Release

 

 

 

Operating margin of Display Segment was 7.4%

 

EBITDA(4) margin of Display Segment was 18.8%

 

Looking back on the third quarter, the end demand for TV has been robust. Thanks to the inventory restocking demand for the year-end holiday season, the Company’s panel supply has remained tight and panel prices have been on the rise, which contributed to a 7.4% growth of its revenues compared to the previous quarter.  The Company’s strategy to quickly respond to industry trends and to focus on value-up products has been quite successful, and consequently made significant improvements in its profitability. AUO’s operating profit for the third quarter reached NT$5.76 billion, which represents a 69.7% growth from the same period last year. Operating profits for the first three quarters turned to black, with a profit of NT$0.78 billion. Meanwhile, its net profit for the third quarter returned to positive and reached NT$4.62 billion, increased by 36.6% from the same period last year.

 

Looking at the fourth quarter, while entering the traditionally slower season, the Company expects customers’ demands to stay at a high level. AUO hopes to take this opportunity to maximize its capacity value. The Company will keep developing advanced display technologies, as well as expanding the depth and scope of its existing value-up products, with an aim to jointly build long-term competitive advantages and operational excellence and to create a mutually beneficial relationship with its customers.

 

(1)All financial information was unaudited and was prepared by the Company in accordance with Taiwan IFRS.

 

(2)Basic EPS in the third quarter of 2016 was calculated based on the weighted average outstanding shares of the first nine months of 2016 (9,624 million shares).

 

(3)Large size refers to panels that are 10 inches and above in diagonal measurement.

 

(4)EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.

 

###

 

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News Release

 

  

ABOUT AU OPTRONICS

AU Optronics Corp. (AUO) is one of the world’s leading providers of optoelectronic solutions. AUO offers a full range of panel sizes and comprehensive applications ranging from 1.2 inches to 85 inches. Based on its profound R&D and manufacturing experience, AUO continues to develop advanced display technologies of the next generation. AUO extended its market to the green energy industry in 2008 and provides its customers with high-efficiency solar solutions. AUO currently has global operations in Taiwan, Mainland China, the U.S., Japan, South Korea, Singapore, the Netherlands, Czech and Slovakia. Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO has also been named to Dow Jones Sustainability World Index from 2010 to 2016. AUO generated consolidated revenues of NT$360.35 billion in 2015. For more information, please visit AUO.com.

 

Safe Harbour Notice

AU Optronics Corp. (“AUO” or the “Company”) (TAIEX: 2409; NYSE: AUO), a global leader of TFT-LCD panels, today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release are “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements were based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the  pace of development of the flat panel display industry and the solar industry, the growth in demand in those markets, acceptance of and demand for our products, technological and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in our Form 20-F filed with the United States Securities and Exchange Commission on March 21, 2016.

 

For more information, please contact:

Gwen Ting Jessie Lee
Corporate Communications Division Corporate Communications Division
AU Optronics Corp. AU Optronics Corp.
Tel: +886-3-5008800 ext 7259 Tel: +886-3-5008800 ext 3206
Fax: +886-3-5772730 Fax: +886-3-5772730
Email: gwen.ting@auo.com Email : jessie.jc.lee@auo.com

 

 

 

 

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Item 2

 

 

 

 

 

 

 

 

 

 

 

AU Optronics Corp.

Third Quarter 2016 Results Investor Conference

友達光電

2016年第三季法人說明會

 

Oct. 27, 2016

 

 

 

 

 

 

 

 

Safe Harbor Notice

 

The statements included in this presentation that are not historical in nature are “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934. These forward-looking statements, which may include statements regarding AU Optronics’ future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics’ current expectations.

 

Actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis; our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT-LCD industry; possible disruptions in commercial activities caused by natural and human-induced disasters, including terrorist activity and armed conflict; and fluctuations in foreign currency exchange rates.

 

Beginning on January 1, 2013, we have adopted the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”) to the extent endorsed by the ROC Financial Supervisory Commission (“FSC”) (“Taiwan IFRS”) for reporting our annual and interim consolidated financial statements in the ROC in accordance with the requirements of the FSC. All financial information contained herewithin is presented in conformity with Taiwan IFRS. Readers should be cautioned that Taiwan IFRS differs in many material respects from IFRS including to the extent that any new or amended standards or interpretations applicable under IFRS may not be timely endorsed by the FSC.

 

Our release of financial forecasts and forward-looking statements at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any obligation to publicly update or revise any forecasts or forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

 

2 

 

 

 

 

 

 

Statement of Comprehensive Income

 

Selected Items from Statement of Comprehensive Income

Amount : NT$ Million                                
3Q16       2Q16       QoQ %     3Q15        
                         
Net Sales 86,017 100.0% 80,091 100.0%   7.4%   89,299 100 .0%    
Cost of Goods Sold (74,709) (86.9%) (74,527) (93.1%)   0.2%   (80,151) (89.8%)    
Gross Profit 11,308 13.1% 5,564 6.9%   103.2%   9,148 10 .2%    
Operating Expenses (5,549) (6.5%) (5,449) (6.8%)   1.8%   (5,755) (6.4%)    
Operating Profit 5,759 6.7% 116 0.1%   4878.2%   3,393 3 .8%    
Net Non-operating Income (Expenses) (340) (0.4%) (356) (0.4%)   (4.6%)   515 0.6%    
Profit (Loss) before Tax 5,420 6.3% (240) (0.3%)       3,909 4 .4%    
Net Profit (Loss) 4,616 5.4% (804) (1.0%)       3,379 3 .8%    
Attributable to:                                
Owners of Company 4,898 5.7% (572) (0.7%)       3,463 3.9%    
Non-Controlling Interests (282) (0.3%) (231) (0.3%)   22.2%   (84) (0.1%)    
Net Profit (Loss) 4,616 5.4% (804) (1.0%)       3,379 3 .8%    
Basic EPS (NT$)(a ) 0.51     (0.06)         0.36        
                             
                       
Operating Profit + D&A 15,400 17.9% 9,978 12.5% 54.3% 14,872 16 .7%    
                             
                                 
Display Segment Information:                                
Net Sales 80,614 100.0% 73,956 100.0% 9.0% 82,236 100.0%    
Operating Profit (Loss) 5,937 7.4% (224) (0.3%)   3,615 4.4%    
Operating Profit + D&A 15,120 18.8% 9,173 12.4% 64.8% 14,372 17.5%    
                             
                                 
Unit Shipments (mn)(b )                                
Large Size Panels 29.3     28.5   2.8% 26.3        
Small & Medium Size Panels 38.0     42.5   (10.6%) 48.7        
                                 

Unaudited, prepared by AUO based on Taiwan IFRS

 

a)Basic EPS in both 3Q16 and 2Q16 were calculated based on the weighted average outstanding shares of the first nine months of 2016 (9,624m shares); Basic EPS in 3Q15 was calculated based on the weighted average outstanding shares of 2015 (9,624m shares).

 

b)Large size refers to panels that are 10 inches and above

 

3 

 

  

 

 

Consolidated Balance Sheet Highlights

 

 

Amount : NT$ Million                  
               
Cash & ST Investment(a )  3Q16    2Q16      QoQ %      3Q15    
74,053 72,954   1.5%   76,915    
Inventory 27,013 27,754   (2.7%)   38,099    
Short Term Debt(b ) 26,135 22,669   15.3%   51,093    
Long Term Debt 101,218 94,670   6.9%   68,008    
Equity 192,309 191,310   0.5%   214,107    
Total Assets 419,650 417,385   0.5%   450,168    
                     
               
Inventory Turnover (Days)(c) 33 36       43    
Net Debt to Equity(d ) 27.7% 23.2%     19.7%    

 

 

Unaudited, prepared by AUO based on Taiwan IFRS

 

a)Excluding time deposit with maturity longer than 3 months (NT$0m in 3Q16 , NT$0m in 2Q16 , and NT$15,262m in 3Q15 )

 

b)Short term debt refers to all interest bearing debt maturing within one year

 

c)Calculated by dividing the average inventory into the annualized cost of goods sold during such period, then multiplying by 365 days

 

d)Net Debt to Equity = (Short Term Debt + Long Term Debt - Cash and ST Investment) / Equity

 

 

4 

 

 

 

 

 

Consolidated Cash Flow Highlights

 

 

Amount : NT$ Million            
       
   3Q16    2Q16      QoQ  
From Operating Activities 3,962 7,594   (3,632)  
Profit (Loss) before Tax 5,420 (240)   5,660  
Depreciation & Amortization 9,641 9,862   (221)  
Net Change in Working Capital (10,965) (638)   (10,327)  
           
From Investing Activities (7,640) (15,812)   8,172  
Capital Expenditure (11,528) (15,970)   4,443  
           
From Financing Activities 5,670 7,827   (2,156)  
Net Change in Debt 10,108 8,857   1,251  
           
Net Change in Cash (a ) 1,099 (701)   1,801  
               
   
Unaudited, prepared by AUO based on Taiwan IFRS

 

a)In addition to cash generated from operating, investing and financing activities, net change in cash also include effect on currency exchange of foreign subsidiaries

 

 

5 

 

 

 

 

 

Display Revenue Breakdown by Application

 

 

 

 

 

Unaudited, prepared by AUO based on Taiwan IFRS

Mobile PC : including Notebook and Tablet displays

Mobile Device : including displays for mobile phones and other related products

Commercial and Others: including displays for automobile, industrial PC, ATM, point of sale (POS), pachinko, and etc.

 

 

6 

 

 

 

 

Display Revenue Breakdown by Size

 

 

 

 

 

 

7 

 

 

 

 

Consolidated Shipments & ASP by Area

 

 

 

 

Unaudited, prepared by AUO based on Taiwan IFRS

ASP per square meter in US$ was translated from NT$ based on average exchange rates announced by Customs Administration, Ministry of Finance of each respective quarter

 

 

8 

 

 

 

 

Consolidated Small & Medium Panel
Shipments by Area & Revenues

 

 

 

 

 

Unaudited, prepared by AUO based on Taiwan IFRS

Small & Medium size refers to panels that are under 10 inches

 

 

9 

 

 

 

 

 

 

 

 

 

 

www.auo.com

ir@auo.com

 

 

 

 

 

 

 

 

10 

 

 

 

AU OPTRONICS CORP.

CONSOLIDATED COMPREHENSIVE INCOME STATEMENT

For the Three Months Ended September 30, 2016 and 2015 and June 30, 2016

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)

 

 

      Year over Year Comparison           Sequential Comparison    
    3Q 2016       3Q 2015         3Q 2016       2Q 2016    
  USD   NTD   %   NTD   YoY%   USD   NTD   %   NTD   QoQ%
Net Sales 2,751 86,017 100.0 89,299 (3.7) 2,751 86,017 100.0 80,091 7.4
Cost of Goods Sold 2,389   74,709   86.9   80,151   (6.8)   2,389   74,709   86.9   74,527   0.2
Gross Profit 362   11,308   13.1   9,148   23.6   362   11,308   13.1   5,564   103.2
Operating Expenses 177   5,549   6.5   5,755   (3.6)   177   5,549   6.5   5,449   1.8
Operating Profit(Loss) 184   5,759   6.7   3,393   69.7   184   5,759   6.7   116   4878.2
Net Non-operating Income(Expense) (11)   (340)   (0.4)   515     (11)   (340)   (0.4)   (356)   (4.6)
Profit(Loss) before Income Tax 173   5,420   6.3   3,909   38.7   173   5,420   6.3   (240)  
Income Tax Expense (26)   (804)   (0.9)   (529)   51.9   (26)   (804)   (0.9)   (563)   42.7
Net Profit(Loss) 148   4,616   5.4   3,379   36.6   148   4,616   5.4   (804)  
Other Comprehensive Income(Loss) (72)   (2,251)   (2.6)   2,566     (72)   (2,251)   (2.6)   (1,489)   51.1
Total Comprehensive Income(Loss) 76   2,365   2.7   5,945   (60.2)   76   2,365   2.7   (2,293)  
Net Profit(Loss) Attributable to:                                      
Owners of Company 157 4,898 5.7 3,463 41.4 157 4,898 5.7 (572)  
Non-Controlling Interests (9)   (282)   (0.3)   (84)   237.9   (9)   (282)   (0.3)   (231)   22.2
Net Profit(Loss) 148   4,616   5.4   3,379   36.6   148   4,616   5.4   (804)  
Total Comprehensive Income(Loss) Attributable to:                                      
Owners of Company 103 3,207 3.7 5,864 (45.3) 103 3,207 3.7 (1,421)  
Non-Controlling Interests (27)   (842)   (1.0)   82     (27)   (842)   (1.0)   (872)   (3.4)
Total Comprehensive Income(Loss) 76     2,365   2.7   5,945   (60.2)   76   2,365   2.7   (2,293)  
Basic Earnings Per Share 0.02   0.51       0.36       0.02   0.51       (0.06)    
Basic Earnings Per ADS(3) 0.16 5.09     3.60     0.16 5.09     (0.59)    
Weighted-Average Shares Outstanding ('M)     9,624       9,624           9,624       9,624    

 

 

Note: (1) Unaudited, prepared by AUO based on Taiwan IFRS

(2)  Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.27 per USD as of September 30, 2016

(3) 1 ADS equals 10 common shares

 

 

11 

 

 

AU OPTRONICS CORP.

CONSOLIDATED BALANCE SHEET

September 30, 2016 and 2015

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD)

 

 

    September 30, 2016     September 30, 2015   YoY  
ASSETS USD   NTD %   NTD %   NTD %
Cash and Cash Equivalents   2,368 74,053 17.6 76,915 17.1 (2,862) (3.7)
Notes & Accounts Receivables 1,386 43,339 10.3 43,874 9.7 (536) (1.2)
Other Current Financial Assets 31 964 0.2 16,848 3.7 (15,883) (94.3)
Inventories 864 27,013 6.4 38,099 8.5 (11,085) (29.1)
Other Current Assets 210   6,568 1.6   5,102 1.1   1,466 28.7
Total Current Assets 4,859   151,938 36.2   180,838 40.2   (28,900) (16.0)
Long-term Investments 253   7,902 1.9   14,159 3.1   (6,257) (44.2)
Net Fixed Assets 6,818   213,187 50.8   216,670 48.1   (3,484) (1.6)
Other Assets 1,491   46,623 11.1   38,501 8.6   8,122 21.1
Total Assets 13,420   419,650 100.0   450,168 100.0   (30,518) (6.8)
               
LIABILITIES                    
Short-term Borrowings   45 1,393 0.3 1,836 0.4 (443) (24.2)
Accounts Payable 1,893 59,187 14.1 66,385 14.7 (7,198) (10.8)
Current Installments of Long-term Borrowings 791 24,742 5.9 48,691 10.8 (23,949) (49.2)
Current Installments of Bonds Payable 0 0 0.0 566 0.1 (566) (100.0)
Current Financial Liabilities 1 29 0.0 320 0.1 (291) (90.9)
Accrued Expense & Other Current Liabilities 780 24,393 5.8 32,263 7.2 (7,870) (24.4)
Machinery and Equipment Payable 289   9,034 2.2   5,936 1.3   3,099 52.2
Total Current Liabilities 3,798   118,779 28.3   155,997 34.7   (37,219) (23.9)
Long-term Borrowings 3,237 101,218 24.1 68,008 15.1 33,210 48.8
Non Current Financial Liabilities 0 5 0.0 11 0.0 (5) (48.8)
Other Long-term Liabilities 235   7,339 1.7   12,046 2.7   (4,707) (39.1)
Total Long-term Liabilities 3,472   108,562 25.9   80,064 17.8   28,498 35.6
Total Liabilities 7,270 227,340 54.2 236,062 52.4 (8,721) (3.7)
                     
EQUITY                    
Common Stock   3,078 96,242 22.9 96,242 21.4 0 0.0
Capital Surplus 1,918 59,976 14.3 60,098 13.4 (122) (0.2)
Retained Earnings 494 15,459 3.7 28,815 6.4 (13,356) (46.4)
Other Equity 46 1,423 0.3 5,725 1.3 (4,302) (75.1)
Non-Controlling Interests 614   19,209 4.6   23,226 5.2   (4,017) (17.3)
Total Equity 6,150   192,309 45.8 214,107 47.6 (21,797) (10.2)
Total Liabilities & Equity 13,420   419,650 100.0   450,168 100.0   (30,518) (6.8)

 

 

Note: (1) Unaudited, prepared by AUO based on Taiwan IFRS

(2)Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.27 per USD as of September 30, 2016

(3)Cash and Cash Equivalents excluding time deposit with maturity longer than 3 months

 

 

12 

 

 

AU OPTRONICS CORP.

CONSOLIDATED STATEMENT OF CASH FLOW

For the Period Ended September 30, 2016 and 2015

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD)

 

 

  Nine Months 2016   Nine Months 2015
  USD   NTD   NTD
Cash Flow from Operating Activities:          
Profit(Loss) before Income Taxes (3) (106) 15,629
Depreciation & Amortization 941 29,415 37,204
Share of Profit of Equity-Accounted Investees (7) (222) (433)
Changes in Working Capital (280) (8,758) (16,537)
Changes in Others (49)   (1,543)   822
Net Cash Provided(Used) by Operating Activities 601   18,786   36,685
           
Cash Flow from Investing Activities:          
Proceeds from Disposal of AFS Investments 0 10 0
Acquisition of Property, Plant and Equipment (1,211) (37,883) (19,504)
Proceeds from Disposal of Property, Plant and Equipment 24 741 869
Acquisition of Equity-Accounted Investees and Financial Assets Carried at Cost (10) (307) (1)
Proceeds from Disposal of Equity-Accounted Investees and Financial Assets Carried at Cost 114 3,577 97
Decrease(Increase) in Other Financial Assets (1) (19) 148
Decrease(Increase) in Intangible Assets (6) (187) (301)
Decrease(Increase) in Other Assets (1)   (22)   (4)
Net Cash Provided(Used) in Investing Activities (1,090)   (34,089)   (18,696)
           
Cash Flow from Financing Activities:          
Increase(Decrease) in Short-term Borrowings (6) (201) 1,455
Increase(Decrease) in Long-term Borrowings and Bonds Payable 588 18,391 (26,137)
Increase(Decrease) in Guarantee Deposits (1) (28) 31
Cash Dividends (108) (3,368) (4,812)
Changes in Non-Controlling Interests and Others (86)   (2,689)   5,299
Net Cash Provided(Used) by Financing Activities 387 12,105 (24,165)
           
Effect of Exchange Rate Changes on Cash (52)   (1,629)   1,125
Net Increase (Decrease) in Cash and Cash Equivalents (154) (4,827) (5,050)
Cash and Cash Equivalents at Beginning of Period 2,523   78,881   81,965
Cash and Cash Equivalents at End of Period 2,368   74,053   76,915

 

 

 

Note: (1) Unaudited, prepared by AUO based on Taiwan IFRS

(2)Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 31.27 per USD as of September 30, 2016