MICB Annual Report 2015

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41 Annual Report 2015
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C. THSRC was in arrears with preferred stock dividends from January 5, 2007 to August 6, 2015 for “Class A convertible bearer preferred
stock” held by the Bank, totaling NT$1,717,260 thousand. In order to execute the supporting measures of the “Taiwan High Speed Rail
Corporation’s Financial Solution Plan”, pursuant to the resolution by THSRC’s special stockholders’ meetings on September 10, 2015,
unpaid preferred stock dividends will be satisfied in the form of compensation. The above-mentioned amount has been recognised by the
Bank in 2015 under “compensation income”, which received the compensation for unpaid preferred stock from THSRC on January 20,
2016.
D. For the years ended December 31, 2015 and 2014, the Bank and its subsidiaries recognised the impairment loss due to investees operating
at a loss over an extended period of time, please refer to Note 6(29).
E. For the years ended December 31, 2015 and 2014, gain or loss arising from disposal and dividend income received from shares of the
investee was NT$764,288 thousand and NT$594,855 thousand, respectively.
(10) Property and equipment – net
December 31, 2015
Cost
Accumulated
Depreciation
Accumulated
Impairment
Net Book
Value
(In NT Thousand Dollars)
Land and land improvements $ 9,282,673 $ - ( $ 142,596 ) $ 9,140,077
Buildings and auxiliary equipment 10,122,738 ( 5,714,212 ) ( 14,961 ) 4,393,565
Computers and peripheral equipment 3,172,897 ( 2,681,254 ) - 491,643
Transportation and communication equipment 155,890 ( 124,408 ) - 31,482
Miscellaneous equipment 1,525,297 ( 1,303,474 ) - 221,823
$ 24,259,495 ( $ 9,823,348 ) ( $ 157,557 ) $ 14,278,590
December 31, 2015
Cost
Accumulated
Depreciation
Accumulated
Impairment
Net Book
Value
(In US Thousand Dollars)
Land and land improvements $ 282,251 $ - ( $ 4,336 ) $ 277,915
Buildings and auxiliary equipment 307,794 ( 173,747 ) ( 455 ) 133,592
Computers and peripheral equipment 96,476 ( 81,527 ) - 14,949
Transportation and communication equipment 4,740 ( 3,783 ) - 957
Miscellaneous equipment 46,379 ( 39,634 ) - 6,745
$ 737,640 ( $ 298,691 ) ( $ 4,791 ) $ 434,158
December 31, 2014
Cost
Accumulated
Depreciation
Accumulated
Impairment
Net Book
Value
(In NT Thousand Dollars)
Land and land improvements $ 9,476,626 $ - ( $ 195,567 ) $ 9,281,059
Buildings and auxiliary equipment 10,094,097 ( 5,524,400 ) ( 31,706 ) 4,537,991
Computers and peripheral equipment 3,283,565 ( 2,835,465 ) - 448,100
Transportation and communication equipment 158,822 ( 136,587 ) - 22,235
Miscellaneous equipment 1,477,467 ( 1,264,530 ) - 212,937
$ 24,490,577 ( $ 9,760,982 ) ( $ 227,273 ) $ 14,502,322
2015
Land and land
improvements
Buildings andauxiliary
equipment
Transportation
and
communication
equipment
Computers
and peripheral
equipment
Miscellaneous
equipment Total
Cost (In NT Thousand Dollars)
Balance at January 1, 2015 $ 9,476,626 $ 10,094,097 $ 158,822 $ 3,283,565 $ 1,477,467 $ 24,490,577
Additions for the year - 43,322 20,716 245,888 77,594 387,520
Disposals for the year - ( 20,179 ) ( 22,582 ) ( 355,760 ) ( 25,128 ) ( 423,649 )
Transfers in the current period ( 193,627 ) ( 11,776 ) - 606 ( 168 ) ( 204,965 )
Exchange adjustments ( 326 ) 17,274 ( 1,066 ) ( 1,402 ) ( 4,468 ) 10,012
Balance at December 31, 2015 9,282,673 10,122,738 155,890 3,172,897 1,525,297 24,259,495
Accumulated depreciation
Balance at January 1, 2015 $ - ( $ 5,524,400 ) ( $ 136,587 ) ( $ 2,835,465 ) ( $ 1,264,530 ) ( $ 9,760,982 )
Depreciation for the year - ( 200,848 ) ( 10,643 ) ( 202,801 ) ( 66,743 ) ( 481,035 )
Disposals for the year - 20,179 22,130 355,583 25,216 423,108
Transfers in the current period - 5,829 - ( 211 ) - 5,618
Exchange adjustments - ( 14,972 ) 692 1,640 2,583 ( 10,057 )
Balance at December 31, 2015 - ( 5,714,212 ) ( 124,408 ) ( 2,681,254 ) ( 1,303,474 ) ( 9,823,348 )
Accumulated impairment
Balance at January 1, 2015 ( $ 195,567 ) ( $ 31,706 ) $ - $ - $ - ( $ 227,273 )
Gain on reversal of impairment loss 52,971 16,745 - - - 69,716
Balance at December 31, 2015 ( 142,596 ) ( 14,961 ) - - - ( 157,557 )
Net book value of December 31, 2015 $ 9,140,077 $ 4,393,565 $ 31,482 $ 491,643 $ 221,823 $ 14,278,590