Mega Bank Annual Report 2017

56 Mega Bank -56- A. The carrying amount of the Bank and subsidiaries’ interests in all individually immaterial associates and the Bank and subsidiaries’ share of the operating results are summarized as follows: 2017 2016 NT$ US$ NT$ Profit for the year $ 208,567 $ 7,035 $ 227,118 Other comprehensive income (loss) (after income tax) 21,125 713 ( 62,565 ) Total comprehensive income $ 229,692 $ 7,748 $ 164,553 B. The shares of associates and joint ventures that the Bank and subsidiaries own have no quoted market price available in an active market. There is no significant restriction on fund transfer from the associates to their shareholders, i.e. distribution of cash dividends, repayment of loans or money advanced. C. As of December 31, 2017 and 2016, investments accounted for under the equity method were not pledged as collateral. D. The Bank’s investment in Mega Growth Venture Capital Co., Ltd. accounted for an ownership percentage of 11.81%. However, the combined ownership percentage of the Bank, the Bank’s subsidiaries and the Bank’s parent com pany was over 20%, thus the investment is accounted for under the equity method. E. The ownership percentage of the Bank investment in Universal Venture Capital Investment Corporation is 11.84%. However, due to the Bank occupying 2 board seats of Universal Ve nture Capital Investment Corporation’s total 11 board seats, and the Bank being elected as the chairman of the board, the Bank has influence over decision-making. Therefore, valuations are accounted for under the equity method. (9) Other financial assets, net December 31, 2017 December 31, 2016 NT$ US$ NT$ Remittance purchased $ 4,089 $ 138 $ 16,908 Equity investments carried at cost 10,214,744 344,534 10,692,246 Nonaccrual loans transferred from overdue receivables 4,830 163 5,608 Subtotal 10,223,663 344,835 10,714,762 Less: Allowance for bad debts – Remittance purchased ( 16 ) ( 1 ) ( 155 ) Less: Allowance for bad debts – Nonaccrual loans transferred from overdue receivables ( 1,509 ) ( 51 ) ( 2,879 ) Less: Accumulated impairment - Equity investments carried at cost ( 884,452 ) ( 29,831 ) ( 1,040,931 ) Total $ 9,337,686 $ 314,952 $ 9,670,797 A. As unlisted shares the Bank owns have no quoted market price available in an active market and cannot be measured reliably, they are measured at cost. B. For the years ended December 31, 2017 and 2016, the Bank and subsidiaries recognized the impairment loss due to investees operating at a loss over an extended period of time, please refer to Note 6(29). C. For the years ended December 31, 2017 and 2016, gain or loss arising from disposal and dividend income received from shares of the investee was NT$619,151 thousand and NT$803,272 thousand, respectively. ! (10) Property and equipment, net December 31, 2017 Cost Accumulated Depreciation Accumulated Impairment Net Book Value (In NT Thousand Dollars) Land and land improvements $ 9,480,212 $ - ( $ 53,395 ) $ 9,426,817 Buildings and auxiliary equipment 10,398,402 ( 5,969,540 ) ( 1,940 ) 4,426,922 Computers and peripheral equipment 3,446,970 ( 2,611,668 ) - 835,302 Transportation and communication equipment 134,860 ( 113,512 ) - 21,348 Miscellaneous equipment 1,524,567 ( 1,325,429 ) - 199,138 $ 24,985,011 ( $ 10,020,149 ) ( $ 55,335 ) $ 14,909,527 December 31, 2017 Cost Accumulated Depreciation Accumulated Impairment Net Book Value (In US Thousand Dollars) Land and land improvements $ 319,759 $ - ( $ 1,801 ) $ 317,958 Buildings and auxiliary equipment 350,729 ( 201,347 ) ( 65 ) 149,317 Computers and peripheral equipment 116,263 ( 88,089 ) - 28,174 Transportation and communication equipment 4,549 ( 3,829 ) - 720 Miscellaneous equipment 51,422 ( 44,706 ) - 6,716 $ 842,722 ( $ 337,971 ) ( $ 1,866 ) $ 502,885