Commission File Number 001-31335 |
AU Optronics Corp.
|
(Translation of registrant’s name into English)
|
No. 1 Li-Hsin Road 2
|
Hsinchu Science Park
|
Hsinchu, Taiwan
|
(Address of principal executive offices)
|
Form 20-F X Form 40-F
|
Yes ....... No ...X... |
1.
|
Meeting Minutes of AUO’s 2011 Annual General Shareholders’ Meeting dated June 10, 2011.
|
AU Optronics Corp.
|
||||
Date: June 29, 2011
|
By:
|
/s/ Andy Yang
|
||
Name:
|
Andy Yang
|
|||
Title:
|
Chief Financial Officer
|
1.
|
Commencement (The aggregate shareholding of the shareholders present in person or by proxy constituted a quorum. The Chairman called the meeting to order.)
|
2.
|
Chairman’s Address (omitted)
|
3.
|
Report Items
|
(1)
|
2010 Business Report (omitted)
|
(2)
|
Audit Committee’s Report (omitted)
|
(3)
|
To report the indirect investments in China in 2010 (omitted)
|
(4)
|
To report the issuance of Euro Convertible Bonds in 2010 (omitted)
|
(5)
|
To report the completion of the improvement plan of the guarantee of M.Setek Co., Ltd., the subsidiary of AUO (omitted)
|
4.
|
Acceptance Items
|
(1)
|
To accept the 2010 Business Report and Financial Statements (proposed by the Board of Directors)
|
A.
|
The 2010 Financial Statements were audited by the independent auditors, Shing-Hai Wei and Yiu-Kwan Au of KPMG.
|
B.
|
The 2010 Business Report and Financial Statements have been adopted by the Board of Directors and reviewed by the Audit Committee.
|
C.
|
For the 2010 Business Report, Audit Committee’s Report, and Financial Statements thereto, please refer to Attachments 1-4.
|
Resolution:
|
Upon solicitation of comments by the Chairman, there was no objection voiced and the resolution was adopted unanimously by the shareholders present:
RESOLVED, that the above proposals be and hereby were approved as proposed.
|
(2)
|
To accept the proposal for the distribution of 2010 profits (proposed by the Board of Directors)
|
A.
|
The proposed distributions are allocated from the 2010 earnings available for distribution. For the 2010 Earnings Distribution Statement, please refer to Attachment 5.
|
B.
|
The total number of common shares outstanding may change and the ultimate amount of cash to be distributed to each common share may need to be adjusted accordingly should the Company subsequently issue new common shares as a result of the conversion of convertible bonds. It is proposed that the Board of Directors of the Company be authorized by the 2011 Annual General shareholders’ Meeting to adjust the amount of cash to be distributed to each common share based on the total amount resolved to be distributed and the number of actual common shares outstanding on the record date for the distribution.
|
C.
|
The dividend distribution will be based on the list of shareholders registered as of the record date of cash dividends. The cash dividend distribution will be paid to the rounded-down full NT dollar.
|
Resolution:
|
Upon solicitation of comments by the Chairman, there was no objection voicedand the resolution was adopted unanimously by the shareholders present:
|
5.
|
Discussion Items
|
(1)
|
To approve the revisions to the Articles of Incorporation (proposed by the Board of Directors)
|
A.
|
To comply with the relevant laws and regulations and meet the Company’s operation needs, it is proposed that the Company’s authorized capital, the insurance for the Directors, the method of Board of Directors’ meeting notice, the number of managerial personnel and the distribution of profits stipulated in the Company’s Articles of Incorporation be amended.
|
B.
|
A comparison table for the Articles of Incorporation before and after the amendments is attached hereto as Attachment 6.
|
Resolution:
|
Upon solicitation of comments by the Chairman, there was no objection voicedand the resolution was adopted unanimously by the shareholders present:
|
(2)
|
To approve the proposal of releasing Directors from non-competition restrictions (proposed by the Board of Directors)
|
A.
|
According to Article 209 of the Company Law, any Director conducting business for himself/herself or on another’s behalf, in which and the scope of the business coincides with the Company’s business scope, shall explain at the Shareholders’ Meeting the essential contents of such conduct, and obtain approval from shareholders in the Meeting.
|
B.
|
It is proposed to release Directors from non-competition restrictions as follows.
|
Title
|
Name
|
Released restriction
|
Director
|
Lai-Juh (L.J.) Chen
|
Director of AUO Green Energy America Corp.
|
Director of AUO Green Energy Europe B.V.
|
||
Director
|
Paul Peng
|
Director of Huizhou Bri-King Optronics Co., Ltd.
|
Independent
|
Ding-Yuan Yang
|
Independent Director of Goyatek Technology Inc.
|
Director
|
||
Resolution:
|
Upon solicitation of comments by the Chairman, there was no objection voicedand the resolution was adopted unanimously by the shareholders present:
|
6.
|
Extraordinary Motions: No.
|
7.
|
Adjourn Meeting : The meeting were adjourned at a.m. 10:01.
|
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Assets
|
||||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
52,460,444 | 57,114,009 | ||||||
Accounts receivable, net
|
46,791,857 | 54,053,574 | ||||||
Receivables from related parties, net
|
6,492,237 | 5,519,632 | ||||||
Other receivables from related parties
|
283,440 | 115,116 | ||||||
Other current financial assets
|
836,294 | 1,709,721 | ||||||
Inventories, net
|
34,416,003 | 29,873,827 | ||||||
Prepayments and other current assets
|
1,305,061 | 1,388,474 | ||||||
Deferred tax assets, net
|
5,216,493 | 5,138,814 | ||||||
Financial assets measured at fair value—current
|
415,727 | 377,587 | ||||||
Total current assets
|
148,217,556 | 155,290,754 | ||||||
Long-term investments:
|
||||||||
Equity-method investments
|
72,340,382 | 53,038,883 | ||||||
Hedging derivative financial assets—noncurrent
|
- | 3,829 | ||||||
Total long-term investments
|
72,340,382 | 53,042,712 | ||||||
Property, plant and equipment:
|
||||||||
Cost
|
||||||||
Land
|
6,273,615 | 6,273,615 | ||||||
Buildings
|
83,765,228 | 67,406,083 | ||||||
Machinery and equipment
|
558,602,180 | 541,382,061 | ||||||
Other equipment
|
27,080,867 | 23,092,503 | ||||||
675,721,890 | 638,154,262 | |||||||
Less: accumulated depreciation
|
(404,575,500 | ) | (337,112,061 | ) | ||||
Construction in progress
|
32,371 | 9,108,906 | ||||||
Prepayments for purchases of land and equipment
|
34,505,237 | 10,553,228 | ||||||
Net property, plant and equipment
|
305,683,998 | 320,704,335 | ||||||
Intangible assets:
|
||||||||
Goodwill
|
11,280,595 | 11,280,595 | ||||||
Technology-related fees
|
2,600,362 | 2,772,872 | ||||||
Total intangible assets
|
13,880,957 | 14,053,467 | ||||||
Other assets:
|
||||||||
Idle assets, net
|
1,370,299 | 1,638,186 | ||||||
Refundable deposits
|
16,334 | 26,631 | ||||||
Deferred charges, net
|
953,078 | 1,333,408 | ||||||
Deferred tax assets, net
|
3,103,223 | 2,549,726 | ||||||
Restricted cash in bank
|
36,372 | 128,645 | ||||||
Long-term prepayments for materials
|
- | 1,609,640 | ||||||
Prepaid pension cost
|
461,912 | 375,910 | ||||||
Total other assets
|
5,941,218 | 7,662,146 | ||||||
Total Assets
|
546,064,111 | 550,753,414 |
2010
|
2009
|
|||||
NT$
|
NT$
|
|||||
Liabilities and Stockholders’ Equity
|
||||||
Current liabilities:
|
||||||
Accounts payable
|
38,249,912
|
36,175,165
|
||||
Payables to related parties
|
50,969,044
|
57,182,539
|
||||
Accrued expenses and other current liabilities
|
26,630,160
|
24,398,034
|
||||
Financial liabilities measured at fair value—current
|
76,976
|
829,865
|
||||
Other payables to related parties
|
407,560
|
122,492
|
||||
Equipment and construction in progress payable
|
16,410,269
|
18,361,269
|
||||
Current installments of long-term borrowings
|
24,287,000
|
31,357,405
|
||||
Current installments of bonds payable
|
6,000,000
|
8,190,900
|
||||
Total current liabilities
|
163,030,921
|
176,617,669
|
||||
Long-term liabilities:
|
||||||
Financial liabilities measured at fair value—noncurrent
|
217,023
|
10,450
|
||||
Bonds payable, excluding current installments
|
3,500,000
|
9,500,000
|
||||
Convertible bonds payable
|
23,951,212
|
-
|
||||
Long-term borrowings, excluding current installments
|
86,018,200
|
102,042,707
|
||||
Hedging derivative financial liabilities—noncurrent
|
271,225
|
493,805
|
||||
Long-Term deferred Revenue
|
793,993
|
-
|
||||
Total long-term liabilities
|
114,751,653
|
112,046,962
|
||||
Other liabilities
|
120,604
|
1,646
|
||||
Total liabilities
|
277,903,178
|
288,666,277
|
||||
Stockholders’ equity:
|
||||||
Capital stock:
|
||||||
Common stock, NT$10 par value
|
88,270,455
|
88,270,455
|
||||
Capital surplus
|
115,947,805
|
114,972,148
|
||||
Retained earnings:
|
||||||
Legal reserve
|
15,206,106
|
15,206,106
|
||||
Unappropriated retained earnings
|
47,116,043
|
40,863,051
|
||||
62,322,149
|
56,069,157
|
|||||
Others:
|
||||||
Cumulative translation adjustments
|
1,053,896
|
1,685,733
|
||||
Unrealized gains on financial instruments
|
566,628
|
1,089,644
|
||||
1,620,524
|
2,775,377
|
|||||
Total stockholders’ equity
|
268,160,933
|
262,087,137
|
||||
Commitments and contingent liabilities
|
||||||
Total Liabilities and Stockholders’ Equity
|
546,064,111
|
550,753,414
|
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Net sales
|
442,996,298 | 350,179,130 | ||||||
Cost of goods sold
|
416,614,357 | 352,327,368 | ||||||
Gross profit (loss)
|
26,381,941 | (2,148,238 | ) | |||||
Operating expenses:
|
||||||||
Selling
|
6,787,766 | 6,604,245 | ||||||
General and administrative
|
5,793,469 | 5,251,219 | ||||||
Research and development
|
5,913,840 | 6,029,428 | ||||||
18,495,075 | 17,884,892 | |||||||
Operating income (loss)
|
7,886,866 | (20,033,130 | ) | |||||
Non-operating income and gains:
|
||||||||
Interest income
|
155,849 | 115,551 | ||||||
Investment gains recognized by equity method, net
|
2,211,912 | 3,440,325 | ||||||
Foreign currency exchange gains, net
|
- | 310,235 | ||||||
Gains on valuation of financial instruments, net
|
3,874,081 | 661,752 | ||||||
Other income
|
1,181,570 | 1,423,516 | ||||||
7,423,412 | 5,951,379 | |||||||
Non-operating expenses and losses:
|
||||||||
Interest expenses
|
3,389,234 | 2,545,738 | ||||||
Foreign currency exchange losses, net
|
3,290,918 | - | ||||||
Depreciation of idled assets
|
635,120 | 891,389 | ||||||
Asset impairment losses
|
- | 40,022 | ||||||
Provisions for potential litigation losses and others
|
1,612,840 | 9,686,537 | ||||||
8,928,112 | 13,163,686 | |||||||
Earnings (loss) before income taxes
|
6,382,166 | (27,245,437 | ) | |||||
Income tax expense (benefit)
|
(310,491 | ) | (476,102 | ) | ||||
Net income (loss)
|
6,692,657 | (26,769,335 | ) | |||||
Earnings (loss) per share:
|
||||||||
Basic (L) EPS-net income (loss)
|
0.76 | (3.04 | ) | |||||
Diluted (L) EPS-net income (loss)
|
0.70 | (3.04 | ) |
Retained earnings
|
Others | |||||||||||||||||||||||||||||||
Unrealized
|
||||||||||||||||||||||||||||||||
Unappropriated
|
Cumulative
|
Minimum
|
gains (losses)
|
|||||||||||||||||||||||||||||
Capital
|
Capital
|
Legal
|
retained
|
translation
|
pension
|
on financial
|
||||||||||||||||||||||||||
stock
|
surplus
|
reserve
|
earnings
|
adjustments
|
liability
|
instruments
|
Total
|
|||||||||||||||||||||||||
Balance at January 1, 2009
|
85,057,196 | 113,651,334 | 13,079,368 | 76,912,630 | 2,330,858 | (40,252 | ) | (932,163 | ) | 290,058,971 | ||||||||||||||||||||||
Appropriation for legal reserve
|
- | - | 2,126,738 | (2,126,738 | ) | - | - | - | - | |||||||||||||||||||||||
Capitalization of employee stock
|
||||||||||||||||||||||||||||||||
bonus
|
661,543 | 1,348,225 | - | - | - | - | - | 2,009,768 | ||||||||||||||||||||||||
Cash dividends
|
- | - | - | (2,551,716 | ) | - | - | - | (2,551,716 | ) | ||||||||||||||||||||||
Stock dividends to shareholders
|
2,551,716 | - | - | (2,551,716 | ) | - | - | - | - | |||||||||||||||||||||||
Adjustments to capital surplus,
|
||||||||||||||||||||||||||||||||
retained earnings and unrealized
|
||||||||||||||||||||||||||||||||
gains (losses) on financial
|
||||||||||||||||||||||||||||||||
instruments for changes in
|
||||||||||||||||||||||||||||||||
investees’ equity
|
- | (27,411 | ) | - | (2,050,074 | ) | - | - | 1,645,550 | (431,935 | ) | |||||||||||||||||||||
Net loss
|
- | - | - | (26,769,335 | ) | - | - | - | (26,769,335 | ) | ||||||||||||||||||||||
Unrealized gains on
|
||||||||||||||||||||||||||||||||
available-for-sale financial
|
||||||||||||||||||||||||||||||||
assets, net
|
- | - | - | - | - | - | 171,253 | 171,253 | ||||||||||||||||||||||||
Unrealized gains on cash flow
|
||||||||||||||||||||||||||||||||
hedges, net
|
- | - | - | - | - | - | 205,004 | 205,004 | ||||||||||||||||||||||||
Foreign currency translation
|
||||||||||||||||||||||||||||||||
adjustments
|
- | - | - | - | (645,125 | ) | - | - | (645,125 | ) | ||||||||||||||||||||||
Reversal of minimum pension
|
||||||||||||||||||||||||||||||||
liability
|
- | - | - | - | - | 40,252 | - | 40,252 | ||||||||||||||||||||||||
Balance at December 31, 2009
|
88,270,455 | 114,972,148 | 15,206,106 | 40,863,051 | 1,685,733 | - | 1,089,644 | 262,087,137 |
Retained earnings
|
Others | |||||||||||||||||||||||||||||||
Unrealized
|
||||||||||||||||||||||||||||||||
Unappropriated
|
Cumulative
|
Minimum
|
gains (losses)
|
|||||||||||||||||||||||||||||
Capital
|
Capital
|
Legal
|
retained
|
translation
|
pension
|
on financial
|
||||||||||||||||||||||||||
stock
|
surplus
|
reserve
|
earnings
|
adjustments
|
liability
|
instruments
|
Total
|
|||||||||||||||||||||||||
Balance at January 1, 2010
|
88,270,455 | 114,972,148 | 15,206,106 | 40,863,051 | 1,685,733 | - | 1,089,644 | 262,087,137 | ||||||||||||||||||||||||
Embedded conversion options
|
||||||||||||||||||||||||||||||||
derived from convertible bonds
|
- | 101,787 | - | - | - | - | - | 101,787 | ||||||||||||||||||||||||
Adjustments to capital surplus,
|
||||||||||||||||||||||||||||||||
retained earnings and unrealized
|
||||||||||||||||||||||||||||||||
gains (losses) on financial
|
||||||||||||||||||||||||||||||||
instruments for changes in
|
||||||||||||||||||||||||||||||||
investees’ equity
|
- | 873,870 | - | (439,665 | ) | - | - | (709,609 | ) | (275,404 | ) | |||||||||||||||||||||
Net income
|
- | - | - | 6,692,657 | - | - | - | 6,692,657 | ||||||||||||||||||||||||
Unrealized gains on cash flow
|
||||||||||||||||||||||||||||||||
hedges, net
|
- | - | - | - | - | - | 186,593 | 186,593 | ||||||||||||||||||||||||
Foreign currency translation
|
||||||||||||||||||||||||||||||||
adjustments
|
- | - | - | - | (631,837 | ) | - | - | (631,837 | ) | ||||||||||||||||||||||
Balance at December 31, 2010
|
88,270,455 | 115,947,805 | 15,206,106 | 47,116,043 | 1,053,896 | - | 566,628 | 268,160,933 |
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Cash flows from operating activities:
|
||||||||
Net income (loss)
|
6,692,657 | (26,769,335 | ) | |||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
|
||||||||
Depreciation
|
74,708,596 | 75,394,433 | ||||||
Amortization of intangible assets and deferred charges
|
1,182,868 | 2,248,757 | ||||||
Gains from disposal and write-off of property, plant and equipment, idle assets and others
|
(86,694 | ) | (71,118 | ) | ||||
Amortization of discounts for convertible bonds and others
|
156,020 | 30,588 | ||||||
Unrealized foreign currency exchange gains, net
|
(940,903 | ) | (2,192,839 | ) | ||||
Gains from disposal of available-for-sale financial instruments
|
- | (213,295 | ) | |||||
Losses from disposal of equity-method of investments
|
- | 28,323 | ||||||
Proceeds from of cash dividends
|
373,768 | 55,731 | ||||||
Assets impairment losses
|
- | 40,022 | ||||||
Investment gains recognized by equity method, net
|
(2,211,912 | ) | (3,440,325 | ) | ||||
Losses (gains) on valuation of financial instruments
|
(727,324 | ) | 1,418,312 | |||||
Changes in operating assets and liabilities:
|
||||||||
Decrease (increase) in accounts receivable, net
|
7,800,474 | (32,590,403 | ) | |||||
Increase in related parties receivables
|
(1,140,929 | ) | (3,636,934 | ) | ||||
Increase in inventories, net
|
(4,542,176 | ) | (10,417,427 | ) | ||||
Increase in deferred tax assets, net
|
(642,743 | ) | (398,197 | ) | ||||
Increase in prepaid pension assets
|
(86,002 | ) | (102,752 | ) | ||||
Decrease (increase) in prepayments (including long-term prepayments for materials) and other current assets
|
2,566,480 | (81,504 | ) | |||||
Increase in accounts payable
|
1,039,594 | 16,888,975 | ||||||
Increase (decrease) in related parties payables
|
(5,928,427 | ) | 20,401,490 | |||||
Increase in accrued expenses and other current liabilities
|
2,059,519 | 7,730,329 | ||||||
Net cash provided by operating activities
|
80,272,866 | 44,322,831 | ||||||
Cash flows from investing activities:
|
||||||||
Acquisition of property, plant and equipment
|
(62,535,711 | ) | (51,813,816 | ) | ||||
Proceeds from disposal of property, plant and equipment and idle assets
|
1,056,293 | 224,248 | ||||||
Proceeds from disposal of available-for-sale financial assets
|
- | 854,849 | ||||||
Purchase of long-term investments
|
(17,424,587 | ) | (11,279,837 | ) | ||||
Proceeds from disposal of long-term investments
|
- | 1,036,000 | ||||||
Increase in intangible assets and deferred charges
|
(631,563 | ) | (886,088 | ) | ||||
Decrease (increase) in restricted cash in bank
|
92,273 | (104,145 | ) | |||||
Decrease in refundable deposits
|
10,297 | 92,972 | ||||||
Net cash used in investing activities
|
(79,432,998 | ) | (61,875,817 | ) | ||||
Cash flows from financing activities:
|
||||||||
Increase (decrease) in guarantee deposits
|
116,751 | (342 | ) | |||||
Decrease in short-term borrowings
|
- | (3,700,000 | ) | |||||
Repayment of long-term borrowings
|
(43,274,829 | ) | (26,096,208 | ) | ||||
Repayment of bonds payable
|
(8,190,900 | ) | (13,139,820 | ) | ||||
Proceeds from long-term borrowings
|
20,250,000 | 52,750,000 | ||||||
Proceeds from convertible bonds payable
|
24,703,380 | - | ||||||
Cash dividends
|
- | (2,551,716 | ) | |||||
Net cash provided by (used in) financing activities
|
(6,395,598 | ) | 7,261,914 |
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Effect of exchange rate change on cash
|
902,165 | (322,000 | ) | |||||
Net decrease in cash and cash equivalents
|
(4,653,565 | ) | (10,613,072 | ) | ||||
Cash and cash equivalents at beginning of year
|
57,114,009 | 67,727,081 | ||||||
Cash and cash equivalents at end of year
|
52,460,444 | 57,114,009 | ||||||
Supplemental disclosures of cash flow information:
|
||||||||
Cash paid for interest expense (excluding interest capitalized)
|
3,277,726 | 2,583,390 | ||||||
Cash paid for income taxes
|
21,644 | 1,429,470 | ||||||
Additions to property, plant and equipment:
|
||||||||
Increase in property, plant and equipment
|
60,389,971 | 51,330,666 | ||||||
Decrease in construction-in-progress and prepayments
|
2,145,740 | 483,150 | ||||||
62,535,711 | 51,813,816 | |||||||
Supplementary disclosure of non-cash investing and financing activities:
|
||||||||
Current installments of long-term liabilities
|
30,287,000 | 39,548,305 |
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Assets
|
||||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
89,498,491 | 85,443,311 | ||||||
Notes and accounts receivable, net
|
50,595,501 | 57,025,944 | ||||||
Receivables from related parties, net
|
9,320,432 | 5,272,388 | ||||||
Other receivables from related parties
|
72,696 | 47,168 | ||||||
Other current financial assets
|
2,169,281 | 1,791,637 | ||||||
Inventories, net
|
44,568,106 | 39,229,916 | ||||||
Prepayments and other current assets
|
2,958,200 | 1,355,863 | ||||||
Equity investments held-for-sale
|
- | 707,175 | ||||||
Deferred tax assets, net
|
5,375,623 | 5,199,265 | ||||||
Financial assets measured at fair value—current
|
427,265 | 388,129 | ||||||
Total current assets
|
204,985,595 | 196,460,796 | ||||||
Long-term investments:
|
||||||||
Equity-method investments
|
15,540,959 | 9,706,574 | ||||||
Available-for-sale financial assets—noncurrent
|
1,373,687 | 2,012,265 | ||||||
Hedging derivative financial assets—noncurrent
|
- | 3,829 | ||||||
Financial assets carried at cost—noncurrent
|
896,294 | 484,009 | ||||||
Total long-term investments
|
17,810,940 | 12,206,677 | ||||||
Property, plant and equipment:
|
||||||||
Cost
|
||||||||
Land
|
8,052,370 | 7,780,680 | ||||||
Buildings
|
113,542,262 | 90,379,997 | ||||||
Machinery and equipment
|
661,815,861 | 621,880,340 | ||||||
Other equipment
|
37,144,773 | 29,729,246 | ||||||
820,555,266 | 749,770,263 | |||||||
Less: accumulated depreciation
|
(493,695,739 | ) | (395,405,471 | ) | ||||
Construction in progress
|
2,714,407 | 9,773,502 | ||||||
Prepayments for purchases of land and equipment
|
54,293,812 | 26,611,776 | ||||||
Net property, plant and equipment
|
383,867,746 | 390,750,070 | ||||||
Intangible assets:
|
||||||||
Goodwill
|
11,454,512 | 11,464,947 | ||||||
Technology-related fees
|
2,607,455 | 2,828,307 | ||||||
Total intangible assets
|
14,061,967 | 14,293,254 | ||||||
Other assets:
|
||||||||
Idle assets, net
|
1,760,638 | 1,797,158 | ||||||
Deferred charges, net
|
2,593,372 | 2,765,980 | ||||||
Deferred tax assets, net
|
3,379,370 | 3,053,319 | ||||||
Others
|
856,141 | 1,285,504 | ||||||
Total other assets
|
8,589,521 | 8,901,961 | ||||||
Total Assets
|
629,315,769 | 622,612,758 |
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Liabilities and Stockholders’ Equity
|
||||||||
Current liabilities:
|
||||||||
Short-term borrowings
|
1,183,248 | 1,945,227 | ||||||
Notes payable and accounts payable
|
73,657,842 | 69,779,706 | ||||||
Payables to related parties
|
20,124,665 | 22,684,161 | ||||||
Accrued expenses and other current liabilities
|
38,233,627 | 36,528,777 | ||||||
Financial liabilities measured at fair value—current
|
268,827 | 1,087,827 | ||||||
Other payables to related parties
|
98,601 | 66,617 | ||||||
Equipment and construction in progress payable
|
19,881,973 | 23,788,714 | ||||||
Current installments of long-term borrowings
|
29,824,179 | 38,537,926 | ||||||
Current installments of bonds payable
|
6,105,621 | 8,306,408 | ||||||
Total current liabilities
|
189,378,583 | 202,725,363 | ||||||
Long-term liabilities:
|
||||||||
Financial liabilities measured at fair value—noncurrent
|
230,699 | 10,450 | ||||||
Bonds payable, excluding current installments
|
3,561,149 | 9,655,160 | ||||||
Convertible bonds payable
|
23,951,212 | - | ||||||
Long-term borrowings, excluding current installments
|
117,123,895 | 123,424,152 | ||||||
Hedging derivative financial liabilities—noncurrent
|
287,706 | 505,372 | ||||||
Long-term payables and capital lease liabilities—excluding
|
||||||||
current installments
|
1,766,626 | 1,611,653 | ||||||
Unearned revenue
|
10,365,760 | 9,622,370 | ||||||
Total long-term liabilities
|
157,287,047 | 144,829,157 | ||||||
Other liabilities
|
325,582 | 139,246 | ||||||
Total liabilities
|
346,991,212 | 347,693,766 | ||||||
Stockholders’ equity:
|
||||||||
Capital stock:
|
||||||||
Common stock, NT$10 par value
|
88,270,455 | 88,270,455 | ||||||
Capital surplus
|
115,947,805 | 114,972,148 | ||||||
Retained earnings:
|
||||||||
Legal reserve
|
15,206,106 | 15,206,106 | ||||||
Unappropriated retained earnings
|
47,116,043 | 40,863,051 | ||||||
62,322,149 | 56,069,157 | |||||||
Others:
|
||||||||
Cumulative translation adjustments
|
1,053,896 | 1,685,733 | ||||||
Unrealized gains on financial instruments
|
566,628 | 1,089,644 | ||||||
1,620,524 | 2,775,377 | |||||||
268,160,933 | 262,087,137 | |||||||
Minority interests
|
14,163,624 | 12,831,855 | ||||||
Total stockholders’ equity
|
282,324,557 | 274,918,992 | ||||||
Commitments and contingent liabilities
|
||||||||
Total Liabilities and Stockholders’ Equity
|
629,315,769 | 622,612,758 |
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Net sales
|
467,157,964 | 359,331,345 | ||||||
Cost of goods sold
|
430,859,371 | 352,290,469 | ||||||
Gross profit
|
36,298,593 | 7,040,876 | ||||||
Operating expenses:
|
||||||||
Selling
|
8,641,453 | 8,000,028 | ||||||
General and administrative
|
10,736,924 | 8,094,414 | ||||||
Research and development
|
6,423,552 | 6,185,485 | ||||||
25,801,929 | 22,279,927 | |||||||
Operating income (loss)
|
10,496,664 | (15,239,051 | ) | |||||
Non-operating income and gains:
|
||||||||
Interest income
|
286,798 | 265,975 | ||||||
Investment gains recognized by equity method, net
|
681,331 | 139,635 | ||||||
Foreign currency exchange gains, net
|
- | 236,909 | ||||||
Gains on valuation of financial instruments, net
|
3,986,083 | 813,152 | ||||||
Gains on sale of investment securities, net
|
1,527,229 | 384,186 | ||||||
Other income
|
2,302,755 | 1,569,449 | ||||||
8,784,196 | 3,409,306 | |||||||
Non-operating expenses and losses:
|
||||||||
Interest expenses
|
4,233,127 | 3,446,588 | ||||||
Foreign currency exchange losses, net
|
3,581,120 | - | ||||||
Depreciation of idle assets
|
859,193 | 1,102,132 | ||||||
Asset impairment losses
|
- | 1,192,807 | ||||||
Provisions for potential litigation losses and others
|
2,011,439 | 9,696,129 | ||||||
10,684,879 | 15,437,656 | |||||||
Earnings (loss) before income taxes
|
8,595,981 | (27,267,401 | ) | |||||
Income tax expense (benefit)
|
1,187,894 | (22,587 | ) | |||||
Net income (loss)
|
7,408,087 | (27,244,814 | ) | |||||
Attributable to:
|
||||||||
Equity holders of the parent company
|
6,692,657 | (26,769,335 | ) | |||||
Minority interest
|
715,430 | (475,479 | ) | |||||
Net income (loss)
|
7,408,087 | (27,244,814 | ) | |||||
Earnings (loss) per share:
|
||||||||
Basic (L) EPS—net income (loss)
|
0.76 | (3.04 | ) | |||||
Diluted (L) EPS—net income (loss)
|
0.70 | (3.04 | ) |
Retained earnings
|
Others | |||||||||||||||||||||||||||||||||||
Unrealized
|
||||||||||||||||||||||||||||||||||||
Unappropriated
|
Cumulative | Minimum |
gains (losses)
|
|||||||||||||||||||||||||||||||||
Capital |
Capital
|
Legal
|
retained
|
translation
|
pension
|
on financial
|
Minority
|
|||||||||||||||||||||||||||||
stock
|
surplus
|
reserve
|
earnings
|
adjustments
|
liability
|
instruments
|
interests
|
Total
|
||||||||||||||||||||||||||||
Balance at January 1, 2009
|
85,057,196 | 113,651,334 | 13,079,368 | 76,912,630 | 2,330,858 | (40,252 | ) | (932,163 | ) | 9,199,765 | 299,258,736 | |||||||||||||||||||||||||
Appropriation for legal reserve
|
- | - | 2,126,738 | (2,126,738 | ) | - | - | - | - | - | ||||||||||||||||||||||||||
Cash dividends
|
- | - | - | (2,551,716 | ) | - | - | - | - | (2,551,716 | ) | |||||||||||||||||||||||||
Stock dividends to shareholders
|
2,551,716 | - | (2,551,716 | ) | - | - | - | - | - | |||||||||||||||||||||||||||
Capitalization of employee stock bonus
|
661,543 | 1,348,225 | - | - | - | - | - | - | 2,009,768 | |||||||||||||||||||||||||||
Unrealized gains on available-for-sale financial assets, net
|
- | - | - | - | - | - | 1,637,350 | 135 | 1,637,485 | |||||||||||||||||||||||||||
Unrealized losses on cash flow hedges, net
|
- | - | - | - | - | - | 194,145 | 123 | 194,268 | |||||||||||||||||||||||||||
Foreign currency translation adjustments
|
- | - | - | - | (645,125 | ) | - | - | 658,348 | 13,223 | ||||||||||||||||||||||||||
Adjustments to capital surplus, retained earnings and unrealized gains (losses) on financial instruments for changes in investees’ equity
|
- | (27,411 | ) | - | (2,050,074 | ) | - | - | 190,312 | (2,383,727 | ) | (4,270,900 | ) | |||||||||||||||||||||||
Net loss
|
- | - | - | (26,769,335 | ) | - | - | - | (475,479 | ) | (27,244,814 | ) | ||||||||||||||||||||||||
Reversal of minimum pension liability
|
- | - | - | - | - | 40,252 | - | - | 40,252 | |||||||||||||||||||||||||||
Adjustments for changes in minority interests
|
- | - | - | - | - | - | - | 5,832,690 | 5,832,690 | |||||||||||||||||||||||||||
Balance at December 31, 2009
|
88,270,455 | 114,972,148 | 15,206,106 | 40,863,051 | 1,685,733 | - | 1,089,644 | 12,831,855 | 274,918,992 |
Retained earnings
|
Others | |||||||||||||||||||||||||||||||||||
Unrealized
|
||||||||||||||||||||||||||||||||||||
Unappropriated
|
Cumulative
|
Minimum |
gains (losses)
|
|||||||||||||||||||||||||||||||||
Capital |
Capital
|
Legal
|
retained
|
translation
|
Pension |
on financial
|
Minority
|
|||||||||||||||||||||||||||||
stock
|
surplus
|
reserve
|
earnings
|
adjustments
|
liability |
instruments
|
interests
|
Total
|
||||||||||||||||||||||||||||
Balance at January 1, 2010
|
88,270,455 | 114,972,148 | 15,206,106 | 40,863,051 | 1,685,733 | - | 1,089,644 | 12,831,855 | 274,918,992 | |||||||||||||||||||||||||||
Embedded conversion options derived from convertible bonds
|
- | 101,787 | - | - | - | - | - | - | 101,787 | |||||||||||||||||||||||||||
Unrealized gains on available-for-sales financial assets, net
|
- | - | - | - | - | - | (747,324 | ) | 592 | (746,732 | ) | |||||||||||||||||||||||||
Unrealized gains (losses) on cash flow hedges, net
|
- | - | - | - | - | - | 181,415 | 34 | 181,449 | |||||||||||||||||||||||||||
Foreign currency translation adjustments
|
- | - | - | - | (631,837 | ) | - | - | 12,458 | (619,379 | ) | |||||||||||||||||||||||||
Adjustments to capital surplus, retained earnings and unrealized gains (losses) on financial instruments for changes in investees’ equity
|
- | 873,870 | - | (439,665 | ) | - | - | 42,893 | 701,735 | 1,178,833 | ||||||||||||||||||||||||||
Net income
|
- | - | - | 6,692,657 | - | - | - | 715,430 | 7,408,087 | |||||||||||||||||||||||||||
Adjustments for changes in minority interests
|
- | - | - | - | - | - | - | (98,480 | ) | (98,480 | ) | |||||||||||||||||||||||||
Balance at December 31, 2010
|
88,270,455 | 115,947,805 | 15,206,106 | 47,116,043 | 1,053,896 | - | 566,628 | 14,163,624 | 282,324,557 |
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Cash flows from operating activities:
|
||||||||
Net income (loss)
|
7,408,087 | (27,244,814 | ) | |||||
Adjustments to reconcile net income (loss) to net cash provided by
|
||||||||
operating activities:
|
||||||||
Depreciation
|
87,748,809 | 87,512,945 | ||||||
Amortization of intangible assets and deferred charges
|
1,386,893 | 2,594,666 | ||||||
Unrealized foreign currency exchange gains, net
|
(940,903 | ) | (2,192,835 | ) | ||||
Asset impairment losses
|
- | 1,192,807 | ||||||
Losses (gains) on valuation of financial instruments, net
|
(781,930 | ) | 1,336,469 | |||||
Investment gains recognized by equity method, net
|
(681,331 | ) | (139,635 | ) | ||||
Proceeds from cash dividends
|
437,801 | 142,096 | ||||||
Gain on disposal of investment securities
|
(1,527,229 | ) | (384,186 | ) | ||||
Amortization of financial liabilities
|
- | (3,813 | ) | |||||
Amortization of discounts for bonds payable and others
|
154,485 | 28,778 | ||||||
Amortization of bonds issuance expenses
|
1,535 | 1,809 | ||||||
Gain from disposal and write-off of property, plant and equipment, and others
|
(93,084 | ) | (9,347 | ) | ||||
Loss from disposal and write-off of idle assets
|
14,387 | 5,821 | ||||||
Change in operating assets and liabilities:
|
||||||||
Decrease (increase) in accounts receivable
|
6,936,041 | (34,883,079 | ) | |||||
Decrease (increase) in notes receivable
|
3,250 | (3,512 | ) | |||||
Increase in related parties receivables
|
(4,877,688 | ) | (3,645,802 | ) | ||||
Increase in inventory, net
|
(6,197,038 | ) | (12,708,862 | ) | ||||
Increase in deferred tax assets, net
|
(535,267 | ) | (716,548 | ) | ||||
Decrease (increase) in prepayments and other current assets
|
(2,017,877 | ) | 4,535,738 | |||||
Increase in notes payable
|
1,008,135 | 3,215,530 | ||||||
Increase (decrease) in notes payable-related parties
|
(9,401 | ) | 16,158 | |||||
Increase in accounts payable
|
4,113,881 | 18,737,998 | ||||||
Increase (decrease) in related parties payables
|
(2,380,135 | ) | 10,485,390 | |||||
Increase in accrued expenses and other current liabilities
|
958,950 | 10,297,563 | ||||||
Increase (decrease) in unearned revenue
|
671,170 | (1,032,123 | ) | |||||
Increase in prepaid pension assets
|
(65,954 | ) | (98,193 | ) | ||||
Net cash provided by operating activities
|
90,735,587 | 57,041,019 | ||||||
Cash flows from investing activities:
|
||||||||
Acquisition of property, plant and equipment
|
(84,620,951 | ) | (61,046,891 | ) | ||||
Proceeds from disposals of property, plant and equipment
|
4,816 | 115,189 | ||||||
Proceeds from disposal of idle assets
|
69,142 | 120,373 | ||||||
Purchase of financial assets measured at fair value
|
- | (49,000 | ) | |||||
Purchase of bonds investments with no active market
|
- | (451,002 | ) | |||||
Proceeds from disposal of available-for-sale financial assets and financial
|
||||||||
assets carried at cost
|
716,751 | 854,849 | ||||||
Purchase of long-term investments
|
(1,258,811 | ) | (5,763,950 | ) | ||||
Purchase of financial assets carried at cost
|
(658,959 | ) | (40,345 | ) | ||||
Proceeds from disposal of long-term investments
|
1,360,447 | 293,784 | ||||||
Proceeds from disposal of financial assets carried at cost
|
424 | 5,419 | ||||||
Proceeds capital decrease from long-term investment
|
18,677 | - | ||||||
Decrease (increase) in restricted cash in bank
|
429,733 | (425,799 | ) | |||||
Increase in intangible assets
|
(452,778 | ) | (268,131 | ) | ||||
Increase in deferred charges
|
(961,694 | ) | (852,897 | ) | ||||
Decrease in refundable deposits
|
18,346 | 52,404 | ||||||
Net cash used in investing activities
|
(85,334,857 | ) | (67,455,997 | ) |
2010
|
2009
|
|||||||
NT$
|
NT$
|
|||||||
Cash flows from financing activities:
|
||||||||
Decrease in short-term borrowings
|
(4,938,767 | ) | (4,901,690 | ) | ||||
Increase (decrease) in guarantee deposits
|
164,757 | (5,758 | ) | |||||
Repayment of long-term borrowings
|
(52,295,860 | ) | (36,102,859 | ) | ||||
Repayment of bonds payable
|
(8,315,051 | ) | (13,188,953 | ) | ||||
Proceeds from long-term borrowings
|
37,906,538 | 66,844,430 | ||||||
Proceeds from convertible bonds payable
|
24,703,380 | - | ||||||
Cash dividends
|
- | (2,551,716 | ) | |||||
Proceeds from issuance of subsidiary shares to minority interests
|
4,338,348 | 2,445,262 | ||||||
Cash dividends to minority interests and others
|
(685,129 | ) | (613,376 | ) | ||||
Net cash provided by financing activities
|
878,216 | 11,925,340 | ||||||
Effect of exchange rate change on cash
|
(340,284 | ) | (341,084 | ) | ||||
Cash increase (decrease) resulting from change in consolidated entity
|
(1,883,482 | ) | 839,336 | |||||
Net increase in cash and cash equivalents
|
4,055,180 | 2,008,614 | ||||||
Cash and cash equivalents at beginning of year
|
85,443,311 | 83,434,697 | ||||||
Cash and cash equivalents at end of year
|
89,498,491 | 85,443,311 | ||||||
Supplemental disclosures of cash flow information:
|
||||||||
Cash paid for interest expense (excluding interest capitalized)
|
4,260,269 | 3,459,032 | ||||||
Cash paid for income taxes
|
803,775 | 2,127,321 | ||||||
Supplementary disclosure of non-cash investing and financing activities:
|
||||||||
Current installments of long-term liabilities
|
35,929,800 | 46,844,334 | ||||||
Conversion of convertible bonds into equity method investments
|
- | 618,065 | ||||||
Reclassification of equity method investments from equity investments held-for-sale
|
707,175 | - | ||||||
Additions to property, plant and equipment:
|
||||||||
Increase in property, plant and equipment
|
79,143,746 | 62,430,334 | ||||||
Decrease (increase) in equipment and construction-in-progress payables
|
5,477,205 | (1,383,443 | ) | |||||
84,620,951 | 61,046,891 | |||||||
Impact of change in consolidated entities:
|
||||||||
Cash
|
(1,883,482 | ) | 839,336 | |||||
Non-cash assets
|
(3,914,044 | ) | 34,416,206 | |||||
Liabilities
|
(1,599,359 | ) | (30,541,846 | ) | ||||
Minority interests
|
3,982,504 | (482,658 | ) | |||||
(3,414,381 | ) | 4,231,038 |
Amount in NT$
|
|
Items
|
Amount
|
Net income of 2010
|
6,692,656,753
|
Less:
|
|
10% provisioned as legal reserve
|
669,265,675
|
2010 earnings available for distribution
|
6,023,391,078
|
Plus:
|
|
Un-appropriated retained earnings from previous years
|
40,863,051,041
|
Less:
|
|
Disproportionate participation on investees’ capital injection in cash
|
439,664,441
|
Un-appropriated retained earnings up to Dec. 31, 2010
|
46,446,777,678
|
Earnings distribution items:
|
|
Cash dividends to common shareholders (NT$0.4 per common share,
i.e., NT$400 for every 1,000 common shares)
|
3,530,818,214
|
Un-appropriated retained earnings after earnings distribution
|
42,915,959,464
|
Notes:
|
|
The following items had been expensed and deducted from the Net income of 2010:
|
|
Cash bonus to employees:NT$891,461,869
|
|
Cash remunerations to directors:NT$30,116,955
|
Before Amendment
|
After Amendment
|
Reason for
Amendment
|
Article 5
The total capital of the Company is One Hundred Billion New Taiwan Dollars (NT$100,000,000,000), divided into Ten Billion (10,000,000,000) shares with a par value of Ten New Taiwan Dollars (NT$10) each and in registered form. The Board of Directors is authorized to issue the un-issued shares in installments. A total of 100,000,000 shares among the above total capital should be reserved for issuance of employee stock options, which may be issued in installments.
|
Article 5
The total capital of the Company is One Hundred and Ten Billion New Taiwan Dollars (NT$110,000,000,000), divided into Eleven Billion (11,000,000,000) shares with a par value of Ten New Taiwan Dollars (NT$10) each and in registered form. The Board of Directors is authorized to issue the un-issued shares in installments. A total of 100,000,000 shares among the above total capital should be reserved for issuance of employee stock options, which may be issued in installments.
|
To increase the authorized capitalization to meet the operation need
|
Article 10
The Company shall have nine to eleven directors. Directors shall be elected from a slate of director candidates, which are nominated under the Candidate Nomination System, at shareholders’ meetings. With in the entire Board, the Company shall have three to six independent directors on the Board. The professional qualifications, restrictions on the shareholdings and concurrent positions held, method of nomination and election, and other matters with respect to independent directors shall be in compliance with applicable laws and regulations. The term of office for all directors shall be three (3) years. The directors are eligible for re-election. The number of the directors shall be decided by the Board of Directors.
The Board is authorized to determine the compensation for the directors, taking into account the extent and value of the services provided for the Company’s operation and with reference to the standards of local and overseas industry.
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Article 10
The Company shall have nine to eleven directors. Directors shall be elected from a slate of director candidates, which are nominated under the Candidate Nomination System, at shareholders’ meetings. With in the entire Board, the Company shall have three to six independent directors on the Board. The professional qualifications, restrictions on the shareholdings and concurrent positions held, method of nomination and election, and other matters with respect to independent directors shall be in compliance with applicable laws and regulations. The term of office for all directors shall be three (3) years. The directors are eligible for re-election. The number of the directors shall be decided by the Board of Directors.
The Board is authorized to determine the compensation for the directors, taking into account the extent and value of the services provided for the Company’s operation and with reference to the standards of local and overseas industry.
The Company may take out liability insurance for the directors with respect to the liabilities resulting from exercising their duties during their terms of office.
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To meet the operation need
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Article 12
Where a director is unable to attend a meeting of the Board, he may appoint another director to represent him by proxy in accordance with Article 205 of the Company Law. Each director may act as a proxy for one other director only.
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Article 12
Where a director is unable to attend a meeting of the Board, he may appoint another director to represent him by proxy in accordance with Article 205 of the Company Law. Each director may act as a proxy for one other director only.
The meeting of the Board of Directors shall be convened in accordance with the Company Law. In calling a meeting of the Board of Directors, a notice may be given to each directors by means of electronic mail or facsimile.
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To accommodate the provision of laws and regulations and to meet the operation need
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Article 13
The Company shall have a president and several vice presidents. Appointment, dismissal, and remuneration of the president and vice presidents shall be subject to the provisions of the Company Law.
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Article 13
The Company shall have a president and several vice presidents one or more managerial personnel. Appointment, dismissal, and remuneration of the president and vice presidents shall be subject to the provisions of the Company Law.
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To meet the operation need |
Article 15
Where the Company has a profit at the end of each fiscal year, the Company shall first allocate the profit to recover losses for preceding years. Ten percent of any remaining net earnings shall be allocated as the Company’s legal reserve and a certain amount shall be allocated as special reserve in accordance with applicable laws and regulations or as requested by the competent authority. The balance shall be distributed as follows:
1. employee bonus: not less than 5%;
2. remuneration of directors: no more than 1%; and
3. all or a portion of the remaining balance shall be distributed as shareholders’ dividends.
The Company’s dividend policy will be to pay dividends from surplus. Upon consideration of factors such as the Company’s current and future investment environment, cash requirements, competitive conditions inside and outside of the R.O.C. and capital budget requirements, the shareholders’ interest, maintenance of a balanced dividend and the Company’s long term financial plan, the Board shall propose the profit allocation each year subject to relevant laws, then submit such proposal to the shareholders’ meeting for approval. No less than 10% of the total dividend to be paid with respect to any fiscal year shall be paid in the form of cash.
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Article 15
Where the Company has a profit at the end of each fiscal year, the Company shall first allocate the profit to recover losses for preceding years. Ten percent of any remaining net earnings shall be allocated as the Company’s legal reserve and a certain amount shall be allocated or reversed as special reserve in accordance with applicable laws and regulations or as requested by the competent authority. The balance shall be distributed as follows:
1. employee bonus: not less than 5%;
2. remuneration of directors: no more than 1%; and
3. all or a portion of the remaining balance shall be distributed as shareholders’ dividends.
The Company’s dividend policy will be to pay dividends from surplus. Upon consideration of factors such as the Company’s current and future investment environment, cash requirements, competitive conditions inside and outside of the R.O.C. and capital budget requirements, the shareholders’ interest, maintenance of a balanced dividend and the Company’s long term financial plan, the Board shall propose the profit allocation each year subject to relevant laws, then submit such proposal to the shareholders’ meeting for approval. No less than 10% of the total dividend to be paid with respect to any fiscal year shall be paid in the form of cash.
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To meet the operation need
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Article 17
These Articles of Incorporation were enacted by the promoters in the promoters meeting held on July 18, 1996 and were effectively approved by the competent authority.
The first amendment was made on September 18, 1996.
The second amendment was made on September 15, 1997.
The third amendment was made on April 23, 1998.
The fourth amendment was made on April 23, 1999.
The fifth amendment was made on March 9, 2000.
The sixth amendment was made on May 10, 2001.
The seventh amendment was made on May 10, 2001.
The eighth amendment was made on October 17, 2001.
The ninth amendment was made on May 21, 2002.
The tenth amendment was made on May 29, 2003.
The eleventh amendment was made on April 29, 2004.
The twelfth amendment was made on June 14, 2005.
The thirteenth amendment was made on June 15, 2006.
The fourteenth amendment was made on June 13, 2007.
The fifteenth amendment was made on June 19, 2009.
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Article 17
These Articles of Incorporation were enacted by the promoters in the promoters meeting held on July 18, 1996 and were effectively approved by the competent authority.
The first amendment was made on September 18, 1996.
The second amendment was made on September 15, 1997.
The third amendment was made on April 23, 1998.
The fourth amendment was made on April 23, 1999.
The fifth amendment was made on March 9, 2000.
The sixth amendment was made on May 10, 2001.
The seventh amendment was made on May 10, 2001.
The eighth amendment was made on October 17, 2001.
The ninth amendment was made on May 21, 2002.
The tenth amendment was made on May 29, 2003.
The eleventh amendment was made on April 29, 2004.
The twelfth amendment was made on June 14, 2005.
The thirteenth amendment was made on June 15, 2006.
The fourteenth amendment was made on June 13, 2007.
The fifteenth amendment was made on June 19, 2009.
The fifteenth amendment was made on June 10, 2011.
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To add amendment date
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