SAMPO- About SAMPO- Financial Report- Balance Sheets

SAMPO CORPORATION

BALANCE SHEETS

DECEMBER 31, 1996 AND 1995

(In Thousands of New Taiwan Dollars)

ASSETS	1996	1995
CURRENT ASSETS: Cash (Note 3)	$212,077	$189,443
Marketable securities(Notes 2 and 4)	129,836	119,234
Notes receivable, net(Notes 2 and 5)	982,374	762,978
Intercompany notes receivable (Notes 2 , 6 and 24)	284,062	613,566
Accounts receivable, net (Notes 2 and 7)	1,895,773	1,619,774
Intercompany accounts receivable, net (Notes 2 , 8 and 24)	617,732	597,824
Inventories(Notes 2 and 9)	3,372,812	4,182,227
Other current assets	378,425	297,157

Total current assets	7,873,091	8,382,203

LONG-TERM INVESTMENTS(Notes 2, 10 and 25)	5,332,274	3,337,619


PROPERTY , PLANT AND EQUIPMENT(Notes 2 , 11 and 25):
Land	653,548	653,548
Buildings and improvements	1,289,373	1,143,167
Machinery and equipment	1,050,609	1,093,737
Molds	211,259	205,320
Transportation equipment	57,437	64,145
Other equipment	648,633	674,871
Revaluation increment	53,391	53,391
Cost plus revaluation increment	3,964,250	3,888,179
Less accumulated depreciation	(1,237,844)	(1,204,875)
Construction in progress and prepayments on purchase of equipment	23,515	156,374

Property, plant and equipment, net	2,749,912	2,839,678


INTANGIBLE ASSET (Notes 2 and 17):
Deferred pension cost	3,918
Trademarks	403,293	418,189
Total intangible assets	407,211	418,189


OTHER ASSETS:
Leased-out assets(Note 11)	70,596	71,750
Refundable deposits	18,923	22,662
Deferred charges	41,437	62,614
Miscellaneous assets	201,448	117,671

Total other assets	332,404	274,697



TOTAL	$16,694,901	$15,252,386
See notes to financial statements.

LIABILITIES AND STOCKHOLDERS' EQUITY	1996	1995
CURRENT LIABLITIES:
Short-term loans(Notes 12)	$242,479	$143,929
Short-term bills (Notes 13 and 25)	1,200,000	750,000
Notes payable	308,909	264,992
Intercompany notes payable(Note 24)	57,817	48,181
Accounts payable	790,654	774,899
Intercompany accounts payable (Note 24)	103,254	121,038
Income tax payable (Notes 2 and 20)	54,862
Accrued expenses(Note 14)	759,759	769,776
Current portion of long-term libilities (Notes 15, 16 and 25)	282,756	179,456
Other current liabilities	90,698	294,837
Total current liabilities	3,891,188	3,347,108

LONG-TERM LIABILITIES:
Bonds payable,net of current portion(Notes 2 and 15)	1,846,295	2,078,657
Long-term loans, net of current portion(Notes 16 and 25)	187,526	219,197

Total long-term liabilities	2,033,821	2,297,854

OTHER LIABILITIES:
Accrued pension liability(Note 2 and 17)	432,693	418,189
Unrealized gains on intercompany transactions (Notes 18 and 24)	172,925	319,283
Miscellaneous liabilities	169,990	274,360
Total other liabilities	775,608	1,011,832

Total liablilties	6,700,617	6,656,794
STOCKHOLDERS' EQUITY:
Capital stock (Note 19)	7,449,331	6,373,879
Reserve for bonds converted into common stock (Note 19)	20,806	1,654
Capital surplus:
Additional paid-in capital	768,741	500,847
Revaluation increment in property plant and equipment	41,845	41,845
Gain on disposal of property, plant and equipment	304,480	153,753
Effect of changes in stockholders' equity of equity method investees	47,064	30,095

Extinguishment of accrued interest on convertible bonds at conversion (Note 2)	19,470	18,845

Retained earnings:
Legal reserve	786,663	717,759
Special reserve	10,029	10,029
Unappropriated earnings	508,960	730,430
Cumulative translation adjustments (Note 2)	36,895	16,456
Total stockholders' equity	9,994,284	8,595,592
TOTAL	$16,694,901	$15,252,386