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Apéndice
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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, 2015 and
2014, the total outstanding loans denominated in U.S. dollars, Australia dollars and Euro dollars amounted
to US$83,253,293.22, AU$8,728,952.74, €20,837,674.52 and US$89,928,616.51, AU$3,068,404.07 and
€20,837,674.52, respectively.
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 amounting 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. Under TaiwanICDF's 51st
board resolution, TaiwanICDF has agreed, under a term of 20 years, for MOFA to repay the remaining loan balance.
Although the MOFA agreed to pay off the remaining balance annually for 3 years beginning 2012 on December
13, 2012, payments of only US$3,293,162.77 and US$400,000 were made in years 2012 and 2013, respectively.
There were no payments made by MOFA for year 2014. The MOFA stated in a letter dated on April 16, 2014 that
installments would resume starting from 2015 through annual budgets, and a payment of US$500,000 was made
in year 2015. As of December 31, 2015, the MOFA had repaid US$6,293,162.77 and the remaining balance was
US$4,710,325.55.
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 share capital of US$10,000 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, 2015 and 2014.
6) See Appendix 1 for the statement of changes in long-term loans for the year ended December 31, 2015.