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Mega ICBC
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(20)
Other financial liabilities
December 31, 2015
December 31, 2014
NT$
US$
NT$
Appropriation for loans
$
1,548,053 $
47,070 $
1,447,234
Structured deposits
7,125,170
216,650
7,573,812
Total
$
8,673,223 $
263,720 $
9,021,046
(21)
Other liabilities
December 31, 2015
December 31, 2014
NT$
US$
NT$
Deposits received
$
2,158,271 $
65,625 $
2,548,328
Advance receipt
2,956,846
89,906
3,597,087
Temporary credits
3,095,033
94,108
2,671,926
Others
767,007
23,322
735,208
Total
$
8,977,157 $
272,961 $
9,552,549
(22)
Equity
A.
Common stock
As of December 31, 2015 and 2014, the Bank’s authorized and paid-in capital was NT$85,362,336 thousand and NT $77,000,000
thousand, respectively, and outstanding shares were 8,536,234 thousand and 7,700,000 thousand, respectively, with a par value of NT
$10 per share.
On November 7, 2014 and November 6, 2015, the Board of Directors on behalf of the stockholders’ meeting resolved for a private
placement capital increase of NT$3,000,000 thousand and NT$5,362,336 thousand, respectively, issuing 300,000 thousand shares and
536,234 thousand shares of common stock, respectively. All shares have been planned to be acquired by the Bank’s parent company,
Mega Financial Holding Co. Ltd. (Mega Financial Holding), for NT$28.41 per share and NT$29.02 per share, respectively. The authorized
and actual paid-in capital after the capital increase was NT$80,000,000 thousand and NT$85,362,336 thousand, respectively. The
applications for capital increases have been approved by the FSC and the effective date of the capital increases was on June 11, 2015 and
December 30, 2015, respectively. The total issued capital after the capital increase was NT$80,000,000 thousand and NT$85,362,336
thousand, receptively, and issued shares were 8,000,000 thousand and 8,536,234 thousand, respectively, with a par value of NT$10 per
share.
B.
Capital reserve
(A)
Pursuant to the R.O.C. Company Act, capital surplus arising from paid-in capital in excess of par value on issuance of common
stocks and donations can be used to cover accumulated deficit or to issue new stocks or cash to shareholders in proportion to their
share ownership, provided that the Bank has no accumulated deficit. Further, the R.O.C. Securities and Exchange Law requires that
the amount of capital surplus to be capitalised mentioned above should not exceed 10% of the paid-in capital each year. Capital
surplus should not be used to cover accumulated deficit unless the legal reserve is insufficient.
(B)
On December 31, 2015 and 2014, the details of the Bank's capital surplus is as follows:
December 31, 2015
December 31, 2014
NT$
US$
NT$
Capital increase by cash – additional paid-in
capital
$
31,495,952 $
957,673 $
15,773,788
Consolidation surplus arising from share
conversion
30,109,277
915,509
30,109,277
Changes in additional paid-in capital of
investees accounted for by the equity method
375,908
11,430
376,539
Share-based payment (Note)
238,403
7,249
238,403
$
62,219,540 $
1,891,861 $
46,498,007
Note: above-mentioned share-based payment includes the subsidiaries.
C.
Legal reserve and Special reserve
(A)
Legal reserve
Except for covering accumulated deficit or issuing new stocks or cash to shareholders in proportion to their share ownership, the
legal reserve shall not be used for any other purpose. The use of legal reserve for the issuance of stocks or cash to shareholders in
proportion to their share ownership is permitted, provided that the distribution of the reserve is limited to the portion in excess of
25% of the Bank’s paid-in capital. As of December 31, 2015 and 2014, the Bank’s legal reserves are NT$66,275,324 thousand
and NT$58,483,334 thousand, respectively.
(B)
Special reserve
In accordance with Financial-Supervisory-Securities-Corporate No. 1010012865 of the FSC dated on April 6, 2012, upon the first-
time adoption for IFRSs, equivalent amounts of special reserve with regard to the unrealized revaluation increment under the
stockholders’ equity and cumulative translation adjustment (gains) transferred to retained earnings should be set aside. For the said
special reserve, reversal of distributed earnings shall be based on the proportion of the original ratio of special reserve provision in
the subsequent use, disposal or reclassification for the related assets. Such amounts are reversed upon disposal or reclassified if the
assets are investment property of land. If the assets are investment property other than land, the amounts are reversed over the use
period and should be reversed by amortized balance upon disposal. As of December 31, 2015 and 2014, the special reserve of the
Bank were NT$3,845,354 thousand and NT$3,822,741 thousand, respectively.