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PROPERTY, PLANT AND EQUIPMENT
December 31, 2015 and 2014
(In Thousands of New Taiwan Dollars)
Land and Land Improvements
Less: Accumulated depreciation and impairment on land and Land
Improvements
Buildings
Less: Accumulated depreciation and impairment on buildings
Machinery and equipment
Less: Accumulated depreciation and impairment on machinery and equipment
Transportation equipment
Less: Accumulated depreciation and impairment on transportation equipment
Miscellaneous equipment
Less: Accumulated depreciation and impairment on miscellaneous equipment
Leasehold improvements
Less: Accumulated depreciation and impairment on leasehold improvements
Construction in progress
Net Properties
2015
2014
$ 307,788,236
20,038,533
45,210,627
27,824,467
502,123,517
406,305,692
21,879,018
17,595,703
5,160,394
4,404,985
0
0
22,480,162
$ 428,472,574
$ 308,500,445
19,649,066
44,819,638
26,663,515
494,792,238
394,606,681
21,780,691
16,984,911
5,118,229
4,333,904
0
0
20,477,667
$ 433,250,831
PROPERTY, PLANT AND EQUIPMENT
a. De ned contribution plan
The Corporation adopted a pension plan under the Labor Pension Act (the "LPA"), which is a state-managed defined
contribution plan. Under the LPA, an entity makes monthly contributions to employees' individual pension accounts at 6% of
monthly salaries and wages.
b. De ned bene t plan
The defined benefit plan adopted by the Corporation in accordance with the Labor Standards Law is operated by the
government. Benefits under the plans are based on employee's length of service and average monthly salaries of the last
three months before retirement (for the length of service before the LSL was enacted) or six months before retirement (for the
length of service after the LSL was enacted).
Personnel employed by the Corporation are referred to as either appointees or employees.The appointees' retirement fund (ARF),
established under the guidelines of the Ministry of Economic Affairs, requires monthly contributions of amounts equal to 15% of monthly
salaries and is administered by a pension plan committee.The ARF is deposited in the committee's name in a bank.
Based on an actuarial report, since the contribution surplus in plan assets exceeded the defined benefit obligation, the
Corporation need not continue to contribute to the plan assets starting from July 2012. The employees' retirement fund (ERF)
entails monthly contributions by the Corporation to a fund at amounts equal to a fixed percentage of 15% of salaries and
wages. The ERF is administered by a monitoring committee and is deposited in the committee's name in the Bank of Taiwan.
Based on an actuarial report, the Corporation should contribute to the ERF amounts equal to a fixed percentage of 2% of
taxable payroll starting from July 2013. Before the end of each year, the Corporation assesses the balance in the pension
fund. If the amount of the balance in the pension fund is inadequate to pay retirement benefits for employees who conform to
retirement requirements in the next year, the Corporation is required to fund the difference in one appropriation that should be
made before the end of March of the next year. The pension fund is managed by the Bureau of Labor Funds, Ministry of Labor
("the Bureau"); the Corporation has no right to influence the investment policy and strategy.
The Corporation awarded specific retired employees consolation benefits in accordance to corporate polices.
The Corporation adopted an insurance system called the Government Employee and School Staff Insurance ("GESSI"), which is a state-
managed insurance plan. Under GESSI, an entity makes monthly contributions based on the employee's monthly insurance salary.
The amount included in the balance sheet arising from the Corporation's obligation in respect of its defined benefit plans was
as follows:
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Financial Statement