1999 Annual Report - Delta Electronics

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DELTA ELECTRONICS, INC. STATEMENT OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998 (EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS) 1999 1998 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: $ 3,647,886 $ 2,235,371 Bad debts expense 23,000 - Depreciation and amortization Investment income, net of gain on disposal 489,688 356,850 of investments Gain on disposal of property, plant and equipment, ( 3,892,206) ( 2,259,183) net ( 32,260) ( 6,669) Reversal of allowance for doubtful accounts Exchange gain on revaluation of foreign - ( 34,000) currency denominated convertible bonds Provision for decline in market value and ( 80,081) ( 7,490) inventory obsolescence 29,364 - Provision for interest payable on bonds redemption Accrued interest on convertible bonds transferred 134,104 138,584 to capital reserve Changes in assets and liabilities: 15,464 1,214 Increase in notes receivable ( 63,861) ( 17,971) (Increase) decrease in accounts receivable Decrease (increase) in accounts receivable ( 2,158,029) 1,022,747 - related parties 196,228 ( 200,204) Increase in other receivables (Increase) decrease in other receivables ( 41,349) ( 85,055) - related parties ( 40,250) 44,852 (Increase) decrease in inventories ( 538,583) 79,176 Decrease (increase) in prepaid expense 6,799 ( 11,611) Decrease in prepayments 1,305 28,914 Increase in other current assets ( 165,526) ( 129,732) Increase (decrease) in accounts payable 192,841 ( 42,034) Increase in accounts payable - related parties 2,909,884 38,956 Increase (decrease) in income tax payable 10,349 ( 93,377) (Decrease) increase in accrued expenses ( 66,658) 58,987 Increase (decrease) in other payables 57,414 ( 50,353) Increase (decrease) in received in advance 46,245 ( 10,756) Increase (decrease) in other current liabilities 110,773 ( 48,754) Increase in reserve for retirement plan 74,033 96,781 Increase in deferred income tax 739,518 570,767 Increase (decrease) in other liabilities - others 891 ( 3,662) Net cash provided by operating activities 1,606,983 1,672,348 60
61 Corporate Information Corporate Headquarters Delta Electronics, Inc. 186 Ruey Kuang Road Neihu, Taipei (114) Taiwan, R.O.C. Tel: 886-2-87972088 Fax: 886-2-87972120 Stock Listing The common stock of Delta Electronics, Inc. is traded on the Taiwan Stock Exchange. (TSE Code: 2308) Transfer Agent and Registrar For questions about transfer procedures or other stock account matters, please contact: MasterLink Securities Corporation 6/F, 97 Tun Hua S. Road, Sec. 2 Taipei, Taiwan, R.O.C. Tel: 886-2-23253800 Fax: 886-2-27548223 Investor Relations For copies of financial reports and other investor information, please contact: Yancey Hai or Karen Huang Tel: 886-2-87972088 Fax: 886-2-87972434 E-mail: yancey.hai@delta.com.tw or karen.huang@delta.com.tw
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Page 5 and 6: 7 1999 Annual Report Major Products
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Page 16 and 17: DELTA ELECTRONICS, INC. NOTES TO CO
Page 18 and 19: Inventories Inventories are stated
Page 20 and 21: transition is amortized equally ove
Page 22 and 23: December 31, 1999 December 31, 1998
Page 24 and 25: 32 5) Property, plant and equipment
Page 26 and 27: The initial conversion price, which
Page 28 and 29: 13) Legal reserve The R.O.C Company
Page 30 and 31: payment of the final tax assessment
Page 32 and 33: G. Accounts payable DET DEJ Others
Page 34 and 35: short-term loan, accounts payable,
Page 36 and 37: When the contracts mature, there wi
Page 38 and 39: 46 11. DISCLOSURE OF INFORMATION ON
Page 40 and 41: 48 12. Disclosure information of in
Page 42 and 43: 50 D. Marketable securities acquire
Page 44 and 45: 52 H. Receivable from related parti
Page 46 and 47: 13. SEGMENTAL FINANCIAL INFORMATION
Page 48 and 49: February 23, 2000 (00)R.D24P.4057 T
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1999 Annual Report - Delta Electronics

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