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Criteria Governing the Particulars to be Recorded in the Prospectus for the Establishment by Public Offering of Financial/Insurance Enterprises  CH

Amended Date： 1999.02.23 
Article Content Chapter Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese 
   Chapter III Supplementary Provisions
      Section V Financial Forecasts and Analysis
Article 21    The financial forecasts shall set forth the forecast balance sheet, income statement, and statement of cash flow for the future three years, and the basis or basic assumptions for the forecasts and an analysis of the likelihood of achieving them.
Article 22    Financial projection information and consolidated analysis
  1. With regard to the financial projection information for the future three years, banks shall, at a minimum, analyze the following items: (Attachment 17)
    2.     
    1. Financial Structure:
      1. Self-owned assets to risk-based assets ratio.
      2. Liabilities to assets ratio.
      3. Deposits to owners' equity ratio.
      4. Fixed assets to owners' equity ratio.
    2. Debt-paying Ability: Liquid reserves ratio.
    3. Operating Ability:
      1. Loans to deposits ratio.
      2. Past due loan ratio.
      3. Interest expenditure to interest income ratio.
      4. Total asset turnover rate.
      5. Amount of average business income per employee.
      6. Amount of average profit per employee.
    4. Profitability:
      1. Assets return ratio.
      2. Owners' equity return ratio.
      3. Net income ratio.
      4. Earnings per share.
  2. With regard to the financial projection information for the future three years, insurance companies shall, at a minimum, analyze the following items: (Attachment 18)
    1. Financial Structure:
      1. Liabilities to assets ratio.
      2. Ratios of each liability reserve to owners' equity.
      3. Real properties to new owners' equity.
      4. Liquidity ratio.
    2. Operating Ability:
      1. Funds utilization rate.
      2. Total assets' turnover rate.
      3. Expenses ratio
      4. Loss reserve ratio.
      5. Amount of average premium income per employee.
      6. Amount of average profit per employee.
    3. Profitability:
      1. Assets return ratio.
      2. Owners' equity return ratio.
      3. Net income ratio.
      4. Funds utilization return ratio.
      5. Profit per share.
    4. Business Stability
      1. Premium income volatility rate.
      2. Loss reserve ratio.
Article 23    The information regarding financial forecasts and analysis as set forth pursuant to the preceding two Articles shall be noted in conspicuous font as to whether they were prepared according to the provisions of No. 16 of the ROC Statements of Financial Accounting Standards, audited by an CPA pursuant to the provisions of No. 19 of the ROC Statements of Financial Auditing Standards, and noted as a forecast on each page.