Apéndice
82
7. LONG-TERM LOANS RECEIVABLE
December 31, 2012
December 31, 2011
Long-term loans receivable
$4,504,183,073
$4,726,833,918
Less: Allowance for doubtful accounts
(115,324,140)
(124,331,377)
Net
$4,388,858,933
$4,602,502,541
1) The TaiwanICDF provides long-term loans in accordance with the Regulations for Loans by the International
Cooperation and Development Fund as approved by the Executive Yuan. As of December 31, 2012 and 2011, the
total outstanding loans denominated in U.S. dollars amounted to US$114,599,746.02 and US$120,719,419.82,
respectively. Moreover, as of December 31, 2012 and 2011, the total outstanding loans denominated in Euro
amounted to €20,837,674.52.
2) Allowances for doubtful accounts were based on the Regulation for the TaiwanICDF Dealings with Past-Due/
Non-Performing Loans and Bad Debts.
3) As Parque Industrial Oriente S.A. (PIO) defaulted on the loan extended for the Industrial Park Development Project
in Paraguay amounted to US$11,003,488.32, the TaiwanICDF filed a legal claim against PIO on September 1,
2003. The court in Ciudad del Este ruled in favor of the TaiwanICDF in the first trial on March 26, 2004. PIO filed an
appeal, which was rejected. Accordingly, it was proposed that the Industrial Park be auctioned off. The guarantor,
MOFA, issued the Letter No. Wai-Jing-Fa 10101172470 on December 31, 2012, committing to the liability year by
year for 3 years beginning from 2012. MOFA had repaid US$5,393,162.77 as of December 31, 2012.
4) In order to acquire the right to operate the Industrial Park, the MOFA, issued the Letter No. Wai-Jing-Mao
09333002180 requesting the TaiwanICDF to establish the private Paraguay Synthetic Corporation, which has
a registered US$10,000 share capital in Panama on its behalf. The TaiwanICDF assisted Paraguay Synthetic
Corporation to submit a bid of US$7,100,000 and acquired the title to the land of the Industrial Park.
5) There was no significant past-due loan as of December 31, 2012 and 2011.
6) See Appendix 1 for the statement of changes in long-term loans for the year ended December 31, 2012.
8. FINANCIAL ASSETS CARRIED AT COST
December 31, 2012
December 31, 2011
Carrying Amount (NT$)
Ownership Carrying Amount (NT$)
Ownership
Equity investments accounted for using cost method:
Overseas Investment & Development Corporation
$130,000,000 14.44%
$130,000,000 14.44%
Less: Accumulated Impairment
(6,000,000)
(6,000,000)
124,000,000
124,000,000
BTS India Private Equity Fund Limited
121,991,506 6.8%
119,956,818 6.77%
(=US$3,907,120)
(=US$3,839,093)
Less: Accumulated Impairment
(10,806,485)
(10,806,485)
(=US$329,466)
(=US$329,466)
111,185,021
109,150,333
235,185,021
233,150,333
International institution investment fund:
FIISF-Small Business Account
325,000,000
325,000,000
(=US$10,000,000)
(=US$10,000,000)
FIISF-Small Business Account II
330,660,000
330,660,000
(=US$10,000,000)
(=US$10,000,000)
FIISF-Small Business Account III
231,520,000
231,520,000
(=US$8,000,000)
(=US$8,000,000)
MIF-Specialized Financial Intermediary
Development Fund
476,300,000
476,300,000
(=US$15,000,000)
(=US$15,000,000)
FIISF-Trade facilitation programme
161,750,000
161,750,000
(=US$5,000,000)
(=US$5,000,000)
Less: Accumulated Impairment
(161,750,000)
(161,750,000)
(=US$5,000,000)
(=US$5,000,000)
–
–
1,363,480,000
1,363,480,000
$1,598,665,021
$1,596,630,333
