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Annual Report 2015
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A.
The fair value of the investment property held by the Bank and its subsidiaries as of December 31, 2015 and 2014 was NT$3,124,338
thousand and NT$2,761,303 thousand, respectively according to the result of valuation by an independent valuation expert using the
comparison method and land development analysis approach, which is considered to be Level 2 within the fair value hierarchy.
B.
Rental income from the lease of the investment property for the years ended December 31, 2015 and 2014 was NT$15,396 thousand and
NT$15,236 thousand, respectively; direct operating expenses incident to current rental income from investment property was NT$9,700
thousand and NT$7,943 thousand, respectively.
C.
For the rental revenue from the lease of the investment property among related parties, please refer to Note 11(3).
D.
None of the Bank’s and its subsidiaries’s investment property as at December 31, 2015 and 2014 have been pledged or provided as
guaratees.
2015
Land and land
improvements
Buildings and
auxiliary equipment
Total
NT$
NT$
NT$
Original cost
$
162,670
Balance at January 1, 2015
$
571,328
11,776 $
733,998
Transfers in the current period
193,627 (
4 )
205,403
Exchange adjustments
-
174,442 (
4 )
Balance at December 31, 2015
764,955
939,397
Accumulated depreciation
Balance at January 1, 2015
$
- ( $
62,803 ) ( $
62,803 )
Depreciation for the year
- (
2,710 ) (
2,710 )
Transfers in the current period
- (
5,829 ) (
5,829 )
Exchange adjustments
-
2
2
Balance at December 31, 2015
- (
71,340 ) (
71,340 )
$
764,955 $
103,102 $
868,057
2015
Land and land
improvements
Buildings and
auxiliary equipment
Total
US$
US$
US$
Original cost
Balance at January 1, 2015
$
17,372 $
4,946 $
22,318
Transfers in the current period
5,887 (
358 )
6,245
Exchange adjustments
-
- (
- )
Balance at December 31, 2015
23,259
5,304
28,563
Accumulated depreciation
Balance at January 1, 2015
$
- ( $
1,910 ) ( $
1,910 )
Depreciation for the year
- (
82 ) (
82 )
Transfers in the current period
- (
177 ) (
177 )
Exchange adjustments
-
-
-
Balance at December 31, 2015
- (
2,169 ) (
2,169 )
$
23,259 $
3,135 $
26,394
2014
Land and land
improvements
Buildings and
auxiliary equipment
Total
NT$
NT$
NT$
Original cost
Balance at January 1, 2014
$
571,328 $
162,640 $
733,968
Exchange adjustments
-
30
30
Balance at December 31, 2014
571,328
162,670
733,998
Accumulated depreciation
Balance at January 1, 2014
$
- ( $
60,093 ) ( $
60,093 )
Depreciation for the year
- (
2,694 ) (
2,694 )
Exchange adjustments
- (
16 ) (
16 )
Balance at December 31, 2014
- (
62,803 ) (
62,803 )
$
571,328 $
99,867 $
671,195
(12)
Other assets – net
December 31, 2015
December 31, 2014
NT$
US$
NT$
Other prepaid expenses
$
4,061,015 $
123,480 $
3,515,265
Refundable deposits
407,745
12,398
624,431
Temporary payments
595,088
18,094
487,161
Others
349,639
10,632
427,838
Total
$
5,413,487 $
164,604 $
5,054,695