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72 United Microelectronics Corporation Annual Report 2004
Balance Sheets
As of December 31, 2004 and 2003
Assets Notes 2004 2003
Current assets
Cash and cash equivalents 2, 4(1) $83,347,329 $92,865,557
Marketable securities, net 2, 4(2) 3,058,579 1,456,402
Notes receivable 4(3) 1,771 8,756
Notes receivable - related parties 5 39,034 101,753
Accounts receivable, net 2, 4(4) 2,431,416 5,016,767
Accounts receivable - related parties, net 2, 5 8,223,503 8,995,850
Other receivables 2, 5 506,195 523,579
Other financial assets, current 2, 4(5), 10 453,845 2,446,603
Inventories, net 2, 4(6) 8,543,462 7,367,759
Prepaid expenses 244,230 676,145
Deferred income tax assets, current 2, 4(19) 3,524,289 2,847,663
Total current assets 110,373,653 122,306,834
Funds and long-term investments 2, 4(7)
Long-term investments accounted for under the equity method 64,251,399 59,883,831
Long-term investments accounted for under the cost method 7,316,603 12,334,648
Total funds and long-term investments 71,568,002 72,218,479
Other financial assets, noncurrent 2, 4(5), 10 1,303,644 869,240
Property, plant and equipment 2, 4(8), 5, 6, 7
Land 1,132,576 1,367,344
Buildings 13,133,658 12,095,043
Machinery and equipment 301,773,287 247,164,445
Transportation equipment 79,610 80,684
Furniture and fixtures 1,976,487 1,906,651
Leased assets 47,783 47,783
Total cost 318,143,401 262,661,950
Less: Accumulated depreciation (202,373,050) (153,364,906)
Add: Construction in progress and prepayments 21,584,900 7,887,705
Property, plant and equipment, net 137,355,251 117,184,749
Intangible assets
Patents 2 – 6,956
Goodwill 2, 4(21) 1,214,956 –
Total intangible assets 1,214,956 6,956
Other assets
Deferred charges 2 1,860,419 1,640,285
Deferred income tax assets, noncurrent 2, 4(19) 3,811,615 4,363,241
Other assets - others 2, 4(9) 2,075,951 1,524,054
Total other assets 7,747,985 7,527,580
Total assets $329,563,491 $320,113,838
The accompanying notes are an integral part of the financial statements.