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49-5
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The ratio of net worth to share capital stated in the financial reports as referred to in Articles 49 to 49-4 shall be calculated as set forth below:
- If the cost of shares bought back by a TWSE listed company under Article 28-2 of the Securities and Exchange Act or by a TWSE primary listed company under Article 28-2 applied mutatis mutandis under Article 165 of the Securities and Exchange Act or of shares held in the listed company by its subsidiaries are classified as a deduction from the equity attributable to owners of the parent, then the par value of the treasury stock of the listed company held by the listed company and its subsidiaries shall be deducted from the share capital stated in the financial reports in the calculation of the above-stated ratio.
- If share capital collected in advance or share capital awaiting retirement are classified as an addition to or deduction from the equity attributable to owners of the parent, the par value of the relevant shares shall be added to or deducted from the share capital in the calculation of the above-stated ratio.
- If a circumstance in the two preceding subparagraphs applies to a listed company whose shares have no par value or a par value other than NT$10, the total amount of treasury stock of the listed company held by the listed company and its subsidiaries, the total amount of share capital collected in advance, and the total amount of share capital awaiting retirement, shall be added to or deducted from the sum of the share capital plus capital surpluses minus the original issue premium.
The term "share capital" in Chapter IV, for a TWSE listed company whose stock has no par value or a par value per share other than NT$10, means the sum of the share capital plus capital surpluses minus the original issue premium.
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