| Article 14 | Notes to a financial statement, in addition to being prepared in accordance with Articles 6 and 7 herein, shall further disclose information relating to the following matters having occurred in the current period:
- Information on significant transactions:
- Purchases or sales of the stock of the same invested enterprise in aggregate amount of NT$100 million or 20% of paid-in capital or more.
- Acquisition of real estate equaling NT$100 million or 20% of paid-in capital or more..
- Disposal of real estate equaling NT$100 million or 20% of paid-in capital or more.
- Receivables from related parties amounting to NT$100 million or 20% of paid-in capital or more.
- Sales of non-performing loans amounting to NT$3 billion or more.
- Such other significant transactions that may affect decision-making by the financial statement user.
- Information on invested enterprises:
- Where the Bills Finance Company directly or indirectly has significant influence or control over an invested company, the name, location, principal line of business, original investment amount, shareholding position at period-end, current period gain or loss and recognized investment gain or loss.
- Where the Bills Finance Company directly or indirectly has control over an invested company, further disclosure shall be made of information relating to transactions by the invested company set out in items 2 through 6 of the preceding subparagraph as well as information on such invested company with respect to loans to others, endorsements and guarantees for others, holdings of securities at period-end, purchases or sales of the same securities in aggregate amount of NT$100 million or 20% of paid-in capital or more, and derivatives transactions. However, where the invested company is a financial, insurance, or securities enterprise with principal line of business registered to include loans to others, endorsements and guarantees, and securities trading, such operating transactions are not required to be disclosed as significant transactions.
- Notes to consolidated financial statements shall also disclose information on the matters listed in the preceding two subparagraphs; provided that where the total assets or operating revenues of the invested company are less than 10% of the respective figures for the Bills Finance Company, or where the Bills Finance Company directly or indirectly controls the personnel, finances, or operations of the invested company, it may be exempt from the provisions of subparagraph 2.Notwithstanding the foregoing, if the competent authority prescribes otherwise, such other provision shall govern. The Bills finance company disclosing information on transactions under the preceding paragraph shall add appropriate notes of explanation for those already offset in the consolidated financial statement.
|
|
| Article 15 | A Bills Finance Company shall make full disclosure of related party transactions in accordance with Statement of Financial Accounting Standards No. 6. To determined whether a transaction counterparty is a related party, the substance of the relationship as well as the legal form shall be taken into consideration. Except that proof of no control or significant influence is produced, those to which any of the following circumstance applies shall be considered as a related party, and footnote disclosure shall be made of relevant information in financial statements in accordance with Statement of Financial Accounting Standards No. 6:
- An affiliated enterprise within the meaning given by Chapter VI-I of the Company Act, and its directors, supervisors, and managers.
- A company or institution under the control of the same general management division, and its directors, supervisors, and managers.
- Personnel in the general management division with the level of manager or above.
- A company or institution listed as an affiliated enterprise in its external publications or printed materials.
|
|