Mega Bank Annual Report 2017

110 Mega Bank 221! B. Trust Income Statement For the years ended December 31, 2017 2016 NT$ US$ NT$ Trust income: Interest income $ 51,943 $ 1,752 $ 170,246 Rental income 1,163,290 39,237 1,130,859 Dividend income 1,375,850 46,406 1,147,096 Realized capital gain-Stock 334,715 11,290 424,325 Realized capital gain-Funds 7,064 238 2,659 Other income 40,161 1,354 38,401 Total trust income 2,973,023 100,277 2,913,586 Trust expenses: Management expenses ( 87,473 ) ( 2,950 ) ( 86,803 ) Repairing expenses ( 56,872 ) ( 1,918 ) ( 50,438 ) Insurance ( 12,706 ) ( 429 ) ( 13,053 ) Depreciation expense ( 2,269 ) ( 77 ) ( 1,502 ) Land and housing tax ( 141,429 ) ( 4,770 ) ( 142,533 ) Interest expense ( 72,555 ) ( 2,447 ) ( 78,725 ) Service charge abstract ( 116,313 ) ( 3,923 ) ( 137,330 ) Accoutant fees ( 1,440 ) ( 49 ) ( 1,452 ) Lawyer fees ( 96 ) ( 3 ) ( 56 ) Realized capital loss-Stock ( 199,601 ) ( 6,732 ) ( 179,934 ) Realized capital loss-Funds ( 27 ) ( 1 ) ( 1 ) Other expenses ( 91,869 ) ( 3,099 ) ( 91,573 ) Total trust expense ( 782,650 ) ( 26,398 ) ( 783,400 ) Net income before income tax (Net investment income) 2,190,373 73,879 2,130,186 Income tax expense - - - Net income after income tax(Note) $ 2,190,373 $ 73,879 $ 2,130,186 C. Trust Property List December 31, 2017 December 31, 2016 NT$ US$ NT$ Bank deposits $ 17,792,462 $ 600,124 $ 20,182,915 Bonds 15,535,206 523,988 15,807,444 Stock 41,303,161 1,393,118 46,703,729 Mutual funds 115,635,091 3,900,266 126,533,444 Structured products 25,067,890 845,517 28,563,600 Properties, net 22,414 756 19,788 Real estate Land 96,246,473 3,246,306 100,977,308 Buildings and structures, net 14,559,373 491,074 10,692,335 Construction in Process 12,163,861 410,276 13,153,605 Customers’ securities under custody 151,313,982 5,103,683 158,100,512 Other assets 2,969,366 100,154 2,239,806 Total $ 492,609,279 $ 16,615,262 $ 522,974,486 Note: The amount of designated investment trust on foreign equity of OBU branch is NT$31,462,740 thousand and NT$36,030,159 thousand as of December 31, 2017 and 2016, respectively. (10) Information for cross-sales between the Bank and subsidiaries and subsidiaries A. Transactions between the Bank and subsidiaries: Please refer to Note 11. B. Joint promotion of businesses: In order to create synergies within the Bank and subsidiaries and provide customers financial services in all aspects, the Bank has continuously established other financial consulting service centers (including banking services, securities trading services, and insurance services) in its subsidiaries and simultaneously promoted service business in banking, securities and insurances areas. C. Sharing of information or operating facilities or premises Under the Financial Holding Company Act, Computer Process of Personal Data Protection Law, and the related regulations stipulated by MOF, when customers’ information of a financial holding company’s subsidiary is disclosed to the other subsidiaries under the Bank and subsidiaries or exchanged between the subsidiaries for the purpose of cross selling of products, the subsidiaries receiving, utilizing, managing or maintaining the information are restricted to use the information for the joint promotion purposes only. In addition, the Bank is required to disclose its “Measures for Protection of Customers’ Information” in its website. Customers also reserve the ri ght to have their information withdrawn from the information sharing mechanism.