68 / 98
68
2014
2013
CASH FLOWS FROM OPERATING ACTIVITIES
Excess of revenues over expenses (expenses over revenues)
$
7,021,992
( $
101,479,375 )
Adjustments to reconcile excess of revenues over expenses
(expenses over revenues)
to net cash (used in) provided by operating activities:
Depreciation
3,892,215
3,873,530
Amortization
778,405
1,245,510
Reversal of allowance for bad debts
(
4,839,579 )
(
4,453,537 )
Held-to-maturity financial assets - interest amortization
8,109,359
7,079,738
Impairment loss on financial assets carried at cost
25,743,735
42,692,839
Gain on disposal of investments
(
44,892,134 )
-
Loss on disposal of fixed assets
1,055,807
338,485
Changes in assets and liabilities:
Receivables
(
4,145,540 )
13,806,481
Prepayments
5,603,309
(
8,114,630 )
Other financial assets
932,897
(
932,897 )
Other current assets
(
27,777,129 )
(
37,993,825 )
Accrued expenses
9,091,454
(
657,695 )
Retained money payable on completed projects
(
2,635,002 )
8,128,039
Other payables
(
33,479,314 )
195,599,715
Unearned revenue
67,200
-
Collections payable
(
633,969 )
(
254,240 )
Other current liabilities
3,971,346
858,149
Other liabilities
(
80,749 )
39,190
Net cash (used in) provided by operating activities
(
52,215,697 )
119,775,477
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in long-term lending
(
186,101,333 )
(
251,122,315 )
Proceeds from long-term loans receivable
711,420,930
438,226,896
Purchases of available-for-sale financial assets
(
22,557,397 )
-
Proceeds from disposal of available-for-sale financial assets
241,425,010
-
Purchases of held-to-maturity financial assets
(
650,165,051 )
(
921,728,637 )
Proceeds upon maturity of held-to-maturity financial assets
400,000,000
986,390,000
Purchases of financial assets carried at cost
(
181,982,202 )
(
181,162,647 )
Withdrawal of financial assets carried at cost
1,527,501
-
Acquisition of fixed assets
(
8,972,613 )
(
2,063,749 )
Proceeds from disposal of fixed assets
15,775
5,160
Decrease (increase) in deposits-out
90,994
(
41,633 )
Increase in deferred expenses
(
850,968 )
(
446,900 )
Net cash provided by investing activities
303,850,646
68,056,175
CASH FLOWS FROM FINANCING ACTIVITY
Increase in deposits-in
2,605,000
1,465,000
Net cash provided by lending activities
2,605,000
1,465,000
NET INCREASE IN CASH AND CASH EQUIVALENTS
254,239,949
189,296,652
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
7,410,246,843
7,220,950,191
CASH AND CASH EQUIVALENTS AT END OF YEAR
$ 7,664,486,792
$
7,410,246,843
International Cooperation and Development
Fund Statements of Cash Flows
For the Years Ended December 31
The accompanying notes are an integral part of these financial statements. See report of independent accountants dated
March 18, 2015.
(Expressed in NT$)