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5
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Business circumstances:
- Summary of business (in the event of an applicant for listing of stocks on the Taiwan Innovation Board, the assessment shall cover the current period and last two fiscal years) -- to specify:
- analysis of changes in the major buyers and suppliers (top 10 buyers and suppliers of the year or those whose business amount accounts for 5% or more of the annual net operating revenue or net purchase amount) in the last period and the last three fiscal years -- to specify the names of the major buyers, amounts, and percentage such amounts account for of the annual operating revenue, in the last period and last three fiscal years, reasons of the changes in major buyers, and analysis of whether the changes are reasonable, any risks in concentration of sales activities, and a summary description of the sales policy of the issuing company; the names of the major suppliers, ratio of their net purchase amount to their net purchase amount of the current year, and the purchase amounts, in the last period and last three fiscal years, and analysis of changes in the major suppliers in the last period and last three fiscal years;
- assessment of fairness of changes in accounts receivable in the consolidated and individual financial reports and adequacy of provision of allowance for and possibility of recovery of losses of the issuing company for the last period and the last three fiscal years, and comparison with peer companies in the same sector of business.
- Summary of inventory (in the event of an applicant for listing of stocks on the Taiwan Innovation Board, the assessment shall cover the last period and last two fiscal years):
Analysis of fairness of changes in net balance of inventory in the consolidated and parent company only financial reports and adequacy of provision of loss for market price decline and for obsolete and slow-moving inventories of the issuing company for the last period and the last three fiscal years, and comparison with peer companies in the same sector of business.
- Summary of business performance in the last period and last three fiscal years (in the event of an applicant for listing of stocks on the Taiwan Innovation Board, the assessment shall cover the last period and last two fiscal years) --
- list and describe how the operating revenue, gross operating profits, and operating profits of the issuing company in the last period and the last three fiscal years compare with those of peer companies in the same sector of business;
- list and describe if the changes in operating revenue, operating cost and gross operation profit by "department" or "major product line" in the last period and the last three fiscal years are reasonable;
- where business revenue or gross profit changes by 20% or more in the last period and the last three fiscal years, cost-volume-profit analysis should be performed to analyze reasons of the changes, and describe if these changes are reasonable.
- In case of a merger of another company for less than a full fiscal year, assessment of factors such as purpose, effects and fairness of the merger.
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