Mega Bank Annual Report 2017

117 Annual Report 2017 -117- MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. STATEMENTS OF COMPREHENSIVE INCOME (EXPRESSED IN THOUSANDS OF DOLLARS, EXCEPT FOR EARNINGS PER SHARE AMOUNTS) For the years ended December 31, 2017 2016 NT$ US$ NT$ (Unaudited) Interest revenue $ 53,202,794 $ 1,794,482 $ 50,236,766 Less: interest expense ( 19,650,049 ) ( 662,778 ) ( 15,191,706 ) Net interest income 33,552,745 1,131,704 35,045,060 Non-interest income Net service fee income 6,870,359 231,731 7,840,059 Gains (loss) on financial assets and liabilities at fair value through profit or loss 5,425,632 183,002 3,009,229 Realized gains on available-for-sale financial assets 1,484,447 50,069 1,596,716 Realized loss on held-to maturity financial assets - - ( 189 ) Foreign exchange gain 1,853,603 62,520 2,046,115 Loss on asset impairment ( 205,179 ) ( 6,920 ) ( 334,397 ) Investment income recognized by the equity method 471,613 15,907 451,001 Net other non-interest income 235,497 7,943 227,825 Gain on financial assets carried at cost 619,151 20,883 803,272 Net other miscellaneous loss ( 725,800 ) ( 24,481 ) ( 5,504,048 ) Net operating income 49,582,068 1,672,358 45,180,643 Provision for loan losses and guarantee reserve ( 4,371,190 ) ( 147,436 ) ( 3,593,348 ) Operating expenses Employee benefits expenses ( 13,451,289 ) ( 453,700 ) ( 11,715,001 ) Depreciation and amortization ( 529,635 ) ( 17,864 ) ( 477,486 ) Other general and administrative expenses ( 6,992,465 ) ( 235,850 ) ( 6,336,881 ) Income from continuing operations before income tax 24,237,489 817,508 23,057,927 Income tax expense ( 2,714,079 ) ( 91,543 ) ( 4,047,966 ) Net income 21,523,410 725,965 19,009,961 Other comprehensive income Non-reclassifiable to profit or loss subsequently Remeasurement of defined benefit plan ( 1,739,625 ) ( 58,676 ) ( 534,337 ) Income tax relating to the components of other comprehensive income 295,736 9,975 90,837 Potentially reclassifiable to profit or loss subsequently Cumulative translation differences of foreign operations ( 1,803,685 ) ( 60,836 ) ( 1,190,886 ) Unrealized loss on valuation of available-for-sale financial assets 799,586 26,969 ( 373,245 ) Share of other comprehensive loss of associates and joint ventures accounted for under the equity method 47,554 1,604 ( 126,684 ) Total other comprehensive loss (after income tax) ( 2,400,434 ) ( 80,964 ) ( 2,134,315 ) Total comprehensive income $ 19,122,976 $ 645,001 $ 16,875,646 Earnings per share Basic and diluted earnings per share (in dollars) $ 2.52 $ 0.08 $ 2.23