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Article 14
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In addition to the forecasted financial statement, the content presented in a financial forecast shall include the following items:
- Reasons for and date of completion of the preparation of the financial forecast.
- Statement that the enterprise's financial forecast is an estimate and may not be completely achieved.
- Overall explanation of critical accounting policies.
- Overall explanation of significant basic assumptions.
- Quarterly forecast figures for operating revenue, operating costs, gross profit, net profit before tax, and comprehensive income. If the company does not publish the financial forecast for the current year until the period has commenced, the information for each quarter preceding the publication date shall be presented in the actual amounts. If enterprises in a certain industry do not have a "gross profit" account title, "operating profit" shall be substituted.
- The status of actual achievement of the forecasted comprehensive income statement included in the previous financial forecast and a record of any penalties or dispositions imposed, including:
- Comparison of the original forecasted amounts, all past amended amounts, and actually achieved amounts.
- If there is a discrepancy of 20 percent or more in comprehensive income, an analysis of the reason.
- Date the original forecast was disclosed, date of amendment, reason for amendment, and the amount affected.
- The reasons for, and status of improvements in relation to, any corrections to the financial forecast required by the FSC or any demerits imposed by the Taiwan Stock Exchange Corporation or the GreTai Securities Market.
- The status of actual achievement of the financial forecast for the current year up to the end of the quarter preceding the completion of the financial forecast. If the financial statement for the preceding quarter has not yet been completely audited (or reviewed) by a CPA, and self-assessed numbers are presented, it shall be disclosed in prominent lettering that the statement has not been audited (or reviewed).
- Where an updated financial forecast is being prepared, the following additional items shall be included:
- Itemized analysis of the circumstances and reasons behind any changes in the basic assumptions before and after the update.
- Impact on gross profit, operating income, net profit before tax, comprehensive income, and earnings per share.
- Where there is a discrepancy of 20 percent or more in gross profit following the update, an itemized price-quantity analysis shall be prepared for each of its major products and services.
- In preparing a corrected financial forecast, the reason, nature, and influence of the initial error on gross profit, operating income, net profit before tax, and comprehensive income shall be fully explained.
The content of the forecasted comprehensive income statement referred to in the preceding paragraph shall contain at the very least operating revenues, operating costs, gross profit, operating expenses, operating income, non-operating revenues and expenditures, net profit before tax, income tax, net profit for the period, other comprehensive income, comprehensive income, and earnings per share.
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