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8. FINANCIAL ASSETS CARRIED AT COST
December 31, 2014
December 31, 2013
Carrying Amount (NT$)
Ownership
Carrying Amount (NT$)
Ownership
Equity investments accounted for using cost method
Overseas Investment & Development
$ 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
123,578,854
6.80% 124,024,153
6.80%
(=US$ 3,959,840 )
(=US$ 3,975,147 )
Less: Accumulated Impairment
( 79,243,059 )
( 53,499,324 )
(=US$ 2,559,025 )
(=US$ 1,608,939 )
44,335,795
70,524,829
Net
168,335,795
194,524,829
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
591,550,000
410,650,000
(=US$ 20,000,000 )
(=US$ 14,000,000 )
MIF-Specialized Financial Intermediary
476,300,000
476,300,000
(=US$ 15,000,000 )
(=US$ 15,000,000 )
FIISF-Trade facilitation programme
-
161,750,000
(=US$ 5,000,000 )
Less: Accumulated Impairment
-
( 161,750,000 )
(=US$ 5,000,000 )
-
-
Net
1,723,510,000
1,542,610,000
Total
$ 1,891,845,795
$ 1,737,134,829
1) The TaiwanICDF engaged the European Bank for Reconstruction and Development (EBRD) to manage the
Financial Intermediary Investment Special Fund (FIISF)-Small Business Account and to jointly provide funds
for loans in small businesses. Under the agreement, the total investment amount was US$10,000,000, and the
TaiwanICDF’s ac-cumulated contribution amounted to US$10,000,000 as of December 31, 2014 and 2013.
2) The TaiwanICDF engaged the EBRD to manage the FIISF-Trade Facilitation Programme to provide trade finance
guarantees and loan facilities for local banks. Under the contract, the TaiwanICDF had invested US$5,000,000 as
of December 31, 2014 and 2013. Based on conservatism principle, the TaiwanICDF provided for impairment of
NT$161,750,000 in 2009. The programme has been terminated, and the guarantee period expired in 2013. The
EBRD has formally notified that the aforementioned loss was materialized and the programme was closed.