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ELITEGROUP COMPUTER SYSTEMS CO., LTD. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2007 AND 2008
(In Thousands)
(Reviewed, Not Audited)
2007
2008
NT$
NT$
US$ (Note 3)
CASH FLOWS FROM OPERATING ACTIVITIES
Consolidated net income
$
30,060
$ 367,454
$ 12,111
Depreciation
323,509
322,277
10,622
Amortization
153,039
140,741
4,639
Compensation cost of employee stock options
3,584
(2,700 )
(89 )
Provision for doubtful accounts
107,976
62,913
2,074
Provision (reversal of provision) for sales returns and
discounts
18,984
(32,550 )
(1,073 )
Reversal of allowance for loss on inventories
(85,824 )
(74,651 )
(2,460 )
Loss on obsolete inventory
34,157
185,023
6,098
Loss on physical inventory
7,788
996
33
Gain on disposal of financial assets
(3,183 )
-
-
Gain on valuation of financial assets
(17,104 )
(2,111 )
(70 )
Investment losses (gains) recognized by the equity
method
(67,747 )
31,872
1,050
Gain on disposal of properties
(3,213 )
(1,076 )
(35 )
Impairment loss
20,552
14,208
-
Unrealized (realized) intercompany profits
15,426
(7,182 )
(237 )
Deferred income taxes
10,941
(9,467 )
(312 )
Accrued pension liabilities
(2,263 )
(2,646 )
(87 )
Realized profit on sale-leaseback of real estate
(18,320 )
-
-
Net changes in operating assets and liabilities
Notes receivable
51,326
31,539
1,040
Accounts receivable
330,190
5,291,850
174,418
Other receivable
147,885
355,055
11,703
Other financial assets - current
(6,445 )
(10,935 )
(360 )
Inventories
2,956,897
321,804
10,607
Prepayments and other current assets
(325,581 )