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3) The TaiwanICDF engaged the Multilateral Investment Fund (MIF), which belongs to the Inter-American
Development Bank Group, to manage the Specialized Financial Intermediary Development Fund, a financing
vehicle co-established by the said two parties. MIF uses resources of its own and the fund’s on a pari-passu basis
to directly or indirectly invest in, or make loans to well-performing microfinance institutions in Taiwan’s partner
countries in Central and South America. As of December 31, 2014 and 2013, the TaiwanICDF’s accumulated
contribution to the fund amounted to US$15,000,000.
4) The TaiwanICDF engaged the EBRD to manage the FIISF-Small Business Account Ⅱ and to jointly provide funds for
investments and loans in small businesses. Under the agreement, the total investment amount was US$10,000,000,
and the TaiwanICDF’s accumulated contribution amounted to US$10,000,000 as of December 31, 2014 and 2013.
5) The TaiwanICDF engaged the EBRD to manage the FIISF-Small Business Account Ⅲ and to jointly provide
funds for investments and loans in small businesses. Under the agreement, the total investment amount was
US$20,000,000, and the TaiwanICDF’s accumulated contribution amounted to US$20,000,000 and US$14,000,000
as of December 31, 2014 and 2013, respectively.
6) The above listed foreign currency investments projects are stated using the historical exchange rate.
7) After assessing the loss on the investment in BTS India Private Equity Fund Limited, the TaiwanICDF provided for
impairment of NT$25,743,735 and NT$42,692,839 in 2014 and 2013 based on conservatism principle.
8) See Appendix 2 for the statement of changes in financial assets carried at cost for the year ended December 31,
2014.
9. FIXED ASSETS
December 31, 2014
Cost
Accumulated
Depreciation
Net Book Value
Mechanical equipment
$ 33,530,680
$ 19,209,578
$ 14,321,102
Communication & transportation equipment
2,827,915
1,764,935
1,062,980
Miscellaneous equipment
3,836,515
2,665,017
1,171,498
Leasehold improvements
3,289,466
1,838,252
1,451,214
$ 43,484,576
$ 25,477,782
$ 18,006,794
December 31, 2013
Cost
Accumulated
Depreciation
Net Book Value
Mechanical equipment
$ 31,393,887
$ 20,882,379
$ 10,511,508
Communication & transportation equipment
2,847,815
1,597,960
1,249,855
Miscellaneous equipment
4,104,535
2,728,799
1,375,736
Leasehold improvements
2,309,466
1,448,587
860,879
$ 40,655,703
$ 26,657,725
$ 13,997,978
See Appendix 3 for the statement of changes in fixed assets for the year ended December 31, 2014.