CTBC Financial : 2022Q3 CTBC Holding Financial Statements(consolidated)

(2891)   Report
1 Stock Code: 2891 CTBC FINANCIAL HOLDING CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements With Independent Auditors' Review Report For the Nine Months Ended September 30, 2022 and 2021 Address: 27F and 29F, No.168, Jingmao 2nd Rd., Nangang Dist., Taipei City 115, Taiwan, R.O.C. Telephone: 886-2-3327-7777 The independent auditors' review report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors' review report and consolidated financial statements, the Chinese version shall prevail. 2 Table of contents Contents Page 1. Cover Page 1 2. Table of Contents 2 3. Independent Auditors' Report 3 4. Consolidated Balance Sheets 4 5. Consolidated Statements of Comprehensive Income 5 6. Consolidated Statements of Changes in Equity 6 7. Consolidated Statements of Cash Flows 7 8. Notes to the Consolidated Financial Statements (1) Company history 8 (2) Approval date and procedures of the consolidated financial statements 8 (3) New standards, amendments and interpretations adopted 9～11 (4) Summary of significant accounting policies 12～37 (5) Significant accounting assumptions and judgments, and major sources 38 of estimation uncertainty (6) Explanation of significant accounts 38～203 (7) Related-party transactions 204～217 (8) Pledged assets 217～218 (9) Commitments and contingencies 218～226 (10) Losses Due to Major Disasters 226 (11) Subsequent Events 227 (12) Other 227～272 (13) Other disclosures (a) Information on significant transactions 273～277 (b) Information on investment in mainland China 277～278 (c) Major shareholders 278 (14) Segment information 279 3 KPMG 110615 5 7 68 ( 101 ) Tel + 886 2 8101 6666 68F., TAIPEI 101 TOWER, No. 7, Sec. 5, Fax + 886 2 8101 6667 Xinyi Road, Taipei City 110615, Taiwan (R.O.C.) Web home.kpmg/tw Independent Auditors' Review Report To the Board of Directors of CTBC Financial Holding Co., Ltd.: Introduction We have reviewed the accompanying consolidated balance sheets of CTBC Financial Holding Co., Ltd. ("the Company") and its subsidiaries as of September 30, 2022 and 2021, and the related consolidated statements of comprehensive income for the three and nine months ended September 30, 2022 and 2021, as well as the changes in equity and cash flows for the nine months ended September 30, 2022 and 2021, and notes to the consolidated financial statements, including a summary of significant accounting policies. Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Financial Holding Companies, the Regulations Governing the Preparation of Financial Reports by Public Banks, the Regulations Governing the Preparation of Financial Reports by Securities Firms, the Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants, the Regulations Governing the Preparation of Financial Reports by Insurance Companies, and International Accounting Standards (" IASs" ) 34, " Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews. Scope of Review We conducted our reviews in accordance with Statement of Auditing Standard 65, " Review of Financial Information Performed by the Independent Auditor of the Entity" . A review of the consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the generally accepted auditing standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects, the consolidated financial position of the Company and its subsidiaries as of September 30, 2022 and 2021, and of its consolidated financial performance for the three and nine months ended September 30, 2022 and 2021, as well as its consolidated cash flows for the nine months ended September 30, 2022 and 2021 in accordance with the Regulations Governing the Preparation of Financial Reports by Financial Holding Companies, the Regulations Governing the Preparation of Financial Reports by Public Banks, the Regulations Governing the Preparation of Financial Reports by Securities Firms, the Regulations Governing the Preparation of Financial Reports by Futures Commission Merchants, the Regulations Governing the Preparation of Financial Reports by Insurance Companies, and IASs 34, " Interim Financial Reporting" endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. KPMG, a Taiwan partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. 3-1 Emphasis of Matter The judicial cases as stated in Note 9(b). Part of judicial cases are still under investigation by the judiciary, and the results remain uncertain. Our conclusion is not qualified in respect of this matter. The engagement partners on the review resulting in this independent auditors'review report are Wu, Lin and Chen, Fu-Jen. KPMG Taipei, Taiwan (Republic of China) November 25, 2022 Notes to Readers The accompanying consolidated financial statements are intended only to present the consolidated statement of financial position, financial performance and cash flows in accordance with the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to review such consolidated financial statements are those generally accepted and applied in the Republic of China. The independent auditors' review report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors' review report and consolidated financial statements, the Chinese version shall prevail. 4 (English Translation of Consolidated Financial Statements Originally Issued in Chinese) REVIEWED ONLY, NOT AUDITED IN ACCORDANCE WITH GENERALLY ACCEPTED AUDITING STANDARDS AS OF SEPTEMBER 30, 2022 AND 2021 CTBC FINANCIAL HOLDING CO., LTD. AND SUBSIDIARIES Consolidated Balance Sheets September 30, 2022, December 31 and September 30, 2021 (Expressed in Thousands of New Taiwan Dollars) September 30, 2022 December 31, 2021 September 30, 2021 September 30, 2022 December 31, 2021 September 30, 2021 ASSETS Amount % Amount % Amount % LIABILITIES AND EQUITY Amount % Amount % Amount % 11000 Cash and cash equivalents (Note 4 and 6(a)) $ 118,117,607 2 130,417,110 2 132,864,187 2 Liabilities: 11500 Due from the central bank and call loans to banks 491,218,619 6 359,081,906 5 352,771,751 5 21000 Deposits from the central bank and banks (Note 6(t) $ 68,718,538 1 54,950,249 1 32,255,654 1 (Note 6(b), 7 and 8) and 7) 12000 Financial assets measured at fair value through profit 615,647,525 8 562,791,752 8 518,351,099 8 21500 Due to the central bank and banks (Note 6(u) and 8) 29,573,196 - 28,124,676 - 14,590,375 - or loss (Note 4, 6(c) and (v), and 7 ) 22000 Financial liabilities measured at fair value through 138,584,624 2 47,568,522 1 47,214,537 1 12150 Financial assets measured at fair value through other 524,317,104 7 583,628,637 8 541,438,281 8 profit or loss (Note 4 and 6(c)) comprehensive income (Note 4, 6(d) and (v), and 22300 Financial liabilities-hedging (Note 4 and 6(f)) 408,993 - 1,930 - 64,555 - 8) 22500 Securities sold under repurchase agreements (Note 4 167,721,785 2 107,662,900 2 82,779,286 1 12200 Investments in debt instruments measured at 2,053,182,089 27 1,962,413,324 28 1,865,719,125 28 and 6(v)) amortized cost (Note 4, 6(e) and (v), and 8) 22600 Commercial papers issued-net (Note 6(w)) 31,557,415 1 31,856,310 1 24,086,440 - 12300 Financial assets-hedging (Note 4 and 6(f)) 3,800 - 262,867 - 69,446 - 23000 Payables (Note 6(x) and 7) 94,509,251 1 93,357,280 1 96,152,356 2 12500 Securities purchased under resell agreements (Note 4 20,105,535 - 19,110,403 - 15,220,919 - 23200 Current income tax liabilities (Note 4) 2,258,047 - 11,835,250 - 10,885,838 - and 6(g)) 23500 Deposits and remittances (Note 6(y) and 7) 4,475,839,470 58 4,081,503,718 58 3,873,890,501 58 13000 Receivables-net (Note 4, 6(h), (j) and (av), 7 and 8) 234,046,600 3 212,309,442 3 192,174,081 3 24000 Bonds payable (Note 6(c) and (z)) 134,552,293 2 132,281,103 2 128,883,085 2 13200 Current income tax assets (Note 4) 1,215,489 - 1,973,688 - 1,975,346 - 24600 Provisions (Note 4, 6(j), (aa), (ae) and (af)) 1,909,336,492 25 1,787,454,678 25 1,770,304,685 26 13500 Loans-net (Note 4, 6(i), (j) and (av), and 7 ) 3,124,816,846 41 2,795,274,954 39 2,671,921,279 40 25500 Other financial liabilities (Note 4, 6(ab) and (ap)) 201,086,617 3 205,647,700 3 202,819,156 3 13700 Reinsurance contract assets-net (Note 4 and 6(k)) 3,857,118 - 3,672,734 - 3,213,017 - 26000 Lease liabilities (Note 4, 6(ac) and 7) 17,076,809 - 16,497,355 - 15,845,428 - 15000 Investment under equity method-net (Note 4 and 18,128,228 - 16,947,036 - 34,765,883 1 29300 Deferred tax liabilities (Note 4) 5,189,011 - 6,266,890 - 4,987,952 - 6(l)) 29500 Other liabilities (Note 6(ad)) 27,584,909 - 25,915,769 - 21,886,744 - 15500 Other financial assets-net (Note 4, 6(j), (n) and (ap), 158,042,715 2 177,097,268 3 172,443,969 2 Total liabilities 7,303,997,450 95 6,630,924,330 94 6,326,646,592 94 and 8) Stockholders' equity - parent company: 18000 Investment property-net (Note 4 and 6(o)) 94,581,919 1 93,017,563 1 92,249,726 1 31100 Capital stock: 18500 Premises and equipment-net (Note 4 and 6(p)) 48,908,115 1 49,406,003 1 49,285,014 1 31101 Common stock (Note 6(ah)) 194,969,896 3 194,969,896 3 194,969,896 3 18600 Right-of-useassets-net (Note 4 and 6(q)) 17,669,318 - 17,178,722 - 16,675,490 - 31103 Preferred stock (Note 6(ah)) 4,999,900 - 4,999,900 - 4,999,900 - 19000 Intangible assets-net (Note 4 and 6(r)) 38,707,986 1 38,565,906 1 24,433,201 - 31500 Capital surplus (Note 6(ah)) 58,706,929 1 58,708,500 1 58,704,517 1 19300 Deferred income tax assets (Note 4) 21,430,535 - 19,280,621 - 17,531,898 - 32000 Retained earnings: 19500 Other assets-net (Note 4, 6(s) and 8) 71,285,715 1 41,095,844 1 38,231,163 1 32001 Legal reserve 41,494,198 1 36,121,821 - 36,121,821 - 32003 Special reserve 20,112,570 - 13,959,593 - 13,959,593 - 32011 Undistributed earnings (Note 6(ai)) 122,190,959 1 127,509,225 2 122,317,109 2 32500 Other equity interest (Note 6(ah)) (112,794,569) (1) (5,813,780) - (16,460,574) - 39500 Non-controlling interest (Note 6(m)) 21,605,530 - 22,146,295 - 76,021 - Total equity 351,285,413 5 452,601,450 6 414,688,283 6 TOTAL ASSETS $ 7,655,282,863 100 7,083,525,780 100 6,741,334,875 100 TOTAL LIABILITIES AND EQUITY $ 7,655,282,863 100 7,083,525,780 100 6,741,334,875 100 See accompanying notes to financial statements. 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Disclaimer CTBC Financial Holding Co. Ltd. published this content on 23 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2022 08:53:14 UTC.

Sales 2022 193 B 6 292 M 6 292 M Net income 2022 40 843 M 1 328 M 1 328 M Net Debt 2022 - - - P/E ratio 2022 10,7x Yield 2022 4,67% Capitalization 445 B 14 468 M 14 468 M Capi.

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