FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

April 25, 2019

 

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)
     

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F  X   Form 40-F ___

 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

____

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

____

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized

 

(the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

  Yes ..... No ..X...

 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

Not applicable

 

 

INDEX TO EXHIBITS

 

Item

 

1.Taiwan Stock Exchange filing entitled, “AU Optronics Corp. reports First Quarter 2019 Financial Results in an investor conference”, dated April 25, 2019.

 

2.Taiwan Stock Exchange filing entitled, “AU Optronics Corp. First Quarter 2019 Results”, dated April 25, 2019

 

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  AU Optronics Corp.

   

Date: April 25, 2019 

 By: /s/ Benjamin Tseng
    Name: Benjamin Tseng
    Title: Chief Financial Officer

 

 

 

 

 

Item 1

 

 

 

News Release

 

 

AU Optronics Reports First Quarter 2019 Financial Results

 

Issued by: AU Optronics Corp.
Issued on: April 25, 2019

 

Hsinchu, Taiwan, April 25, 2019–

 

AU Optronics Corp. ("AUO" or the "Company") (TSE: 2409; NYSE: AUO) today held its investor conference and announced its consolidated financial results for the first quarter of 2019(1).

 

Consolidated revenues for the first quarter of 2019 were NT$66.70 billion, down by 13.5% quarter-over-quarter. AUO’s net loss attributable to owners of the Company for the first quarter of 2019 was NT$3.69 billion, with a basic EPS(2) of -NT$0.38.

 

In the first quarter of 2019, large-sized panel(3) shipments totaled around 25.87 million units, down by 9.1% quarter-over-quarter. Shipments of small-and-medium-sized panels in the same quarter were around 24.96 million units, down by 22.4% quarter-over-quarter.

 

Highlights of consolidated results for the first quarter of 2019

 

ŸRevenues of NT$66.70 billion

 

ŸOperating loss of NT$5.10 billion

 

ŸNet loss attributable to owners of the Company at NT$3.69 billion

 

ŸBasic EPS(2) was -NT$0.38

 

ŸGross margin was 0.4%

 

ŸOperating margin was -7.6%

 

ŸEBITDA(4) margin was 6.1%

 

ŸOperating margin of Display Segment was -7.6%

 

ŸEBITDA(4) margin of Display Segment was 6.4%

 

As the first quarter was the traditional slow season, the market demand remained lackluster. In addition, market prices for panels were still at low level. As a result, AUO’s revenues for the first quarter declined by 13.5% quarter-over-quarter, and the financial results were less than ideal. However, the management team has strived to maintain AUO’s financial structure at a stable and healthy status, where inventory turnover days were 37 days, and net debt to equity ratio was 12.6 %.

 

1/3

Looking into the second quarter, market demand has shown signs of recovery as brand customers start to prepare for the high season restocking. Besides AUO’s continuous market deployment in high value-added and non-commodity products, it will extend its value chain by integrating hardware and software services. By providing integrated total solution services, AUO aims to move towards a direction that jointly creates greater values with its customers.

 

(1)All financial information was prepared by the Company in accordance with Taiwan IFRS.

 

(2)Basic EPS in the first quarter of 2019 were calculated based on the weighted average outstanding shares of the reporting quarter (9,624 million shares).

 

(3)Large size refers to panels that are 10 inches and above.

 

(4)EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.

 

###

 

ABOUT AU OPTRONICS

AU Optronics Corp. (AUO) is one of the world’s leading providers of optoelectronic solutions. Based on its profound R&D and manufacturing experience, AUO offers a full range of display applications and smart solutions integrating software and hardware, and leverages its core expertise to enter new business areas such as solar, general health and circular economy. Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO has also been named to Dow Jones Sustainability World Index since 2010. AUO’s consolidated net revenues in 2018 were NT$307.63 billion. For more information, please visit AUO.com.

 

Safe Harbour Notice

AU Optronics Corp. (“AUO” or the “Company”) (TWSE: 2409; NYSE: AUO), a global leader of TFT-LCD panels, today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release include “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the flat panel display industry, the TFT-LCD market, acceptance of and demand for our products, technological and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on March 29, 2019. In addition, our SEC reports, including our Annual Report on Form 20-F contains other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. We undertake no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

 

For more information, please contact:

 

2/3

 

Public Communication Dept.

Jessie Lee Tel: +886-3-5008800 ext 3206 Email : jessie.jc.lee@auo.com
Katie Chen Tel: +886-3-5008800 ext 3615 Email : katie.chen@auo.com

 

 

 

 

3/3

 

Item 2

AU Optronics Corp. First Quarter 2019 Results Investor Conference ⊉弒 方 20 1 9 ⴲ䧪Ჾ⨡㮓ᵸ奨㓌㗁 Apr. 25, 2019

Safe Harbor Notice 2 © 2019 AU Optronics Corporation – Proprietary and Confidential • The statements included in this presentation that are not historical in nature are “forward - looking statements” within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934. These forward - looking statements, which may include statements regarding AU Optronics’ future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics’ current expectations. • Actual results may differ materially from those expressed or implied in these forward - looking statements for a variety of reasons, including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis; our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT - LCD industry; possible disruptions in commercial activities caused by natural and human - induced disasters, including terrorist activity and armed conflict; and fluctuations in foreign currency exchange rates. • Beginning on January 1, 2013, we have adopted the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”) to the extent endorsed by the ROC Financial Supervisory Commission (“FSC”) (“Taiwan IFRS”) for reporting our annual and interim consolidated financial statements in the ROC in accordance with the requirements of the FSC. All financial information contained herewithin is presented in conformity with Taiwan IFRS. Readers should be cautioned that Taiwan IFRS differs in many material respects from IFRS including to the extent that any new or amended standards or interpretations applicable under IFRS may not be timely endorsed by the FSC. • Our release of financial forecasts and forward - looking statements at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any obligation to publicly update or revise any forecasts or forward - looking statements, whether as a result of new information, future events or otherwise.

Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income a) Basic EPS in 1Q19 was calculated based on the weighted average outstanding shares of the reporting quarter (9,624m shares); Basic EPS in both 4Q18 and 1Q18 were calculated based on the weighted average outstanding shares of 2018 (9,624m shares). b) Large size refers to panels that are 10 inches and above Amount : NT$ Million 1Q19 4Q18 QoQ % 1Q18 Net Sales 66,705 100 . 0 % 77,093 100 . 0 % ( 13 . 5 % ) 74,445 100 . 0 % Cost of Goods Sold (66,461) ( 99 . 6 % ) (73,010) ( 94 . 7 % ) ( 9 . 0 % ) (66,303) ( 89 . 1 % ) Gross Profit 244 0 . 4 % 4,084 5 . 3 % ( 94 . 0 % ) 8,141 10 . 9 % Operating Expenses (5,344) ( 8 . 0 % ) (5,537) ( 7 . 2 % ) ( 3 . 5 % ) (5,188) ( 7 . 0 % ) Operating Profit(Loss) (5,100) ( 7 . 6 % ) (1,454) ( 1 . 9 % ) 250 . 9 % 2,953 4 . 0 % Net Non - operating Income(Expenses) 198 0 . 3% 1,104 1 . 4% ( 82 . 1 % ) 1,191 1 . 6% Profit(Loss) before Tax (4,902) ( 7 . 3 % ) (350) ( 0 . 5 % ) 1301 . 2 % 4,144 5 . 6 % Net Profit(Loss) (4,893) ( 7 . 3 % ) (426) ( 0 . 6 % ) 1047 . 7 % 4,027 5 . 4 % Net Profit Attributable to Owners of Company (3,688) ( 5 . 5 % ) 281 0 . 4 % モ 4,309 5 . 8 % Basic EPS (NT$) (a ) (0.38) 0.03 モ 0.45 Operating Profit + D& A 4,049 6 . 1 % 7,510 9 . 7 % ( 46 . 1 % ) 11,414 15 . 3 % Display Segment Information: Net Sales 63,549 10 0 . 0% 73,554 10 0 . 0% ( 13 . 6 % ) 70,590 10 0 . 0% Operating Profit(Loss) (4,838) ( 7 . 6 % ) (1,260) ( 1 . 7 % ) 28 3 . 9% 3,184 4 . 5% Operating Profit + D&A 4,047 6 . 4% 7,417 10 . 1% ( 45 . 4 % ) 11,315 16 . 0% Unit Shipments (mn) (b ) Large Size Panels 25.9 28.5 ( 9 . 1 % ) 28.6 Small & Medium Size Panels 25.0 32.1 ( 22 . 4 % ) 46.6 3 © 2019 AU Optronics Corporation – Proprietary and Confidential

Consolidated Balance Sheet Highlights 4 © 2019 AU Optronics Corporation – Proprietary and Confidential a) Excluding time deposit with maturity longer than 3 months (NT$0m in 1Q19, 4Q18 and 1Q18 ) b) Short term debt refers to all interest bearing debt maturing within one year c) Calculated by dividing the average inventory into the annualized cost of goods sold during such period, then multiplying by 365 days d) Net Debt to Equity = (Short Term Debt + Long Term Debt - Cash and Cash Equivalents) / Equity Amount : NT$ Million 1Q19 4Q18 QoQ % 1Q18 Cash and Cash Equivalents (a ) 68 , 620 69 , 163 ( 0 . 8 % ) 97 , 123 Inventory 27 , 362 26 , 309 4 . 0% 24 , 792 Short Term Debt (b ) 22 , 322 30 , 142 ( 25 . 9 % ) 14 , 935 Long Term Debt 73 , 133 56 , 709 29 . 0% 93 , 252 Equity 21 3 , 106 21 7 , 279 ( 1 . 9 % ) 23 0 , 271 Total Assets 41 5 , 474 40 9 , 832 1 . 4% 43 5 , 508 Inventory Turnover (Days) (c) 37 33 34 Net Debt to Equity (d) 12 . 6 % 8 . 1 % 4 . 8 %

Consolidated Cash Flow Highlights 5 © 2019 AU Optronics Corporation – Proprietary and Confidential a) In addition to cash generated from operating, investing and financing activities, net change in cash also include effect on currency exchange of foreign subsidiaries Amount : NT$ Million 1Q19 4Q18 QoQ From Operating Activities ( 306 ) 12,738 ( 13 , 044 ) Profit(Loss) before Tax ( 4 , 90 2 ) ( 35 0 ) ( 4 , 55 3 ) Depreciation & Amortization 9 , 150 8 , 964 186 Net Change in Working Capital ( 4 , 12 6 ) 5 , 429 ( 9 , 55 5 ) From Investing Activities ( 8 , 223 ) ( 4 , 977 ) ( 3 , 246 ) Capital Expenditure ( 8 , 25 5 ) ( 8 , 29 6 ) 41 From Financing Activities 7 , 61 9 ( 2 , 201 ) 9,821 Net Change in Debt 8 , 076 ( 2 , 21 4 ) 10,290 Net Change in Cash (a ) ( 543 ) 6,103 ( 6 , 647 )

Display Revenue Breakdown by Application – Mobile PC and Device: including displays for notebook, tablet and mobile phones. – Commercial and Others: including displays for automobile, industrial PC, ATM, point of sale (POS), pachinko, medical equipment, and etc. 19% 20% 20% 19% 20% 24% 26% 25% 26% 24% 15% 16% 18% 16% 17% 42% 38% 37% 39% 39% 0% 20% 40% 60% 80% 100% 1 Q 18 2 Q 18 3 Q 18 4 Q 18 1 Q 19 TV M o n i t o r Mobile PC and Device C o mm e r c i a l and Others 6 © 2019 AU Optronics Corporation – Proprietary and Confidential

Display Revenue Breakdown by Size 18% 18% 17% 17% 16% 27% 29% 28% 29% 28% 17% 18% 21% 18% 19% 11% 10% 10% 11% 11% 27% 25% 24% 25% 26% 0% 20% 40% 60% 80% 100% 1 Q 18 2 Q 18 3 Q 18 4 Q 18 1 Q 19 >=50 " 39"<=size<50" 20"<=size<39" 10"<=size<20" size<10" 7 © 2019 AU Optronics Corporation – Proprietary and Confidential

Consolidated Shipments & ASP by Area Shipments in square meter ASP per square meter – ASP per square meter in US$ was translated from NT$ based on average exchange rates announced by Customs Administration, Mini s try of Finance of each respective quarter 6 , 41 6 6 , 26 8 6 , 70 8 6 , 67 8 6 , 34 2 0 3,500 1 Q 18 2 Q 18 3 Q 18 4 Q 18 1 Q 19 (K m 2 ) 7,000 $ 36 3 8 © 2019 AU Optronics Corporation – Proprietary and Confidential $ 36 1 $ 36 1 $ 34 5 $ 31 2 200 300 400 1 Q 18 2 Q 18 3 Q 18 4 Q 18 1 Q 19 ( U S $ ) 500

Consolidated Small & Medium Panel Shipments by Area & Revenues R e v e n u es Shipments in square meter 409 . 4 398 . 1 385 . 1 285 . 3 231 . 5 0 150 300 1Q18 2Q18 3Q18 4Q18 – Small & Medium size refers to panels that are under 10 inches 1 Q 19 (K m 2 ) 450 12 . 1 9 © 2019 AU Optronics Corporation – Proprietary and Confidential 12 . 3 12 . 8 11 . 6 9 . 9 0 4 8 12 16 20 1 Q 18 2Q18 3 Q 18 4 Q 18 1Q19 (NT$ bn)

Bright Innovation · Amazing Life \ \ \ • • • • ! • • • \ I • • • •• - •• e

AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income

For the Three Months Ended March 31, 2019 and 2018 and December 31, 2018

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)

 

 

        Year over Year Comparison           Sequential Comparison      
        1Q19       1Q18           1Q19       4Q18      
    USD   NTD   %   NTD   YoY%   USD   NTD   %   NTD   QoQ%  
Net Sales   2,162 66,705 100.0 74,445 (10.4) 2,162 66,705 100.0 77,093 (13.5)  
Cost of Goods Sold   2,154   66,461   99.6   66,303   0.2   2,154   66,461   99.6   73,010   (9.0)  
Gross Profit   8   244   0.4   8,141   (97.0)   8   244   0.4   4,084   (94.0)  
                         
Operating Expenses   173 5,344 8.0 5,188 3.0 173 5,344 8.0 5,537 (3.5)  
Operating Profit(Loss)   (165)   (5,100)   (7.6)   2,953   －   (165)   (5,100)   (7.6)   (1,454)   250.9  
                                           
Net Non-operating Income(Expenses)   6   198   0.3   1,191   (83.4)   6   198   0.3   1,104   (82.1)  
Profit(Loss) before Income Tax   (159)   (4,902)   (7.3)   4,144   －   (159)   (4,902)   (7.3)   (350)   1,301.2  
                                           
Income Tax Expense   0   10   0.0   (117)   －   0   10   0.0   (76)   －  
Net Profit(Loss)   (159)   (4,893)   (7.3)   4,027   －   (159)   (4,893)   (7.3)   (426)   1047.7  
                                           
Other Comprehensive Income(Loss)   34   1,064   1.6   1,012   5.1   34   1,064   1.6   407   161.4  
Total Comprehensive Income(Loss)   (124)   (3,829)   (5.7)   5,040   －   (124)   (3,829)   (5.7)   (19)   19606.8  
Net Profit(Loss) Attributable to:                                          
                                         
Owners of Company   (119)   (3,688)   (5.5)   4,309   －   (119)   (3,688)   (5.5)   281   －  
Non-Controlling Interests   (39)   (1,205)   (1.8)   (282)   327.2   (39)   (1,205)   (1.8)   (707)   70.4  
Net Profit(Loss)   (159)   (4,893)   (7.3)   4,027   －   (159)   (4,893)   (7.3)   (426)   1,047.7  
Total Comprehensive Income(Loss) Attributable to:                                          
                                         
Owners of Company   (93)   (2,885)   (4.3)   5,063   －   (93)   (2,885)   (4.3)   576   －  
Non-Controlling Interests   (31)   (944)   (1.4)   (24)   3,901.2   (31)   (944)   (1.4)   (596)   58.4  
Total Comprehensive Income(Loss)   (124)   (3,829)   (5.7)   5,040   －   (124)   (3,829)   (5.7)   (19)   19,606.8  
                                           
Basic Earnings Per Share   (0.012) (0.38)     0.45     (0.012) (0.38)     0.03      
Basic Earnings Per ADS(2)
  (0.124) (3.83)     4.48     (0.124) (3.83)     0.29      
Weighted-Average Shares Outstanding ('M)       9,624       9,624           9,624       9,624      

 

 

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.86 per USD as of March 31, 2019 

  (2) 1 ADS equals 10 common shares

 

 

 

AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Balance Sheets

March 31, 2019 and 2018

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) )

 

    March 31, 2019     March 31, 2018   YoY  
ASSETS USD   NTD %   NTD %   NTD %
Cash and Cash Equivalents   2,224 68,620 16.5 97,123 22.3 (28,503) (29.3)
Notes & Accounts Receivables 1,373 42,362 10.2 40,173 9.2 2,189 5.4
Other Current Financial Assets 105 3,243 0.8 999 0.2 2,244 224.6
Inventories 887 27,362 6.6 24,792 5.7 2,570 10.4
Other Current Assets 100   3,098 0.7   8,116 1.9   (5,018) (61.8)
Total Current Assets 4,688   144,685 34.8   171,203 39.3   (26,518) (15.5)
                     
Long-term Investments 433 13,357 3.2 10,132 2.3 3,225 31.8
Net Fixed Assets 7,134 220,144 53.0 226,041 51.9 (5,897) (2.6)
Right-of-use Assets 420 12,946 3.1 0 0.0 12,946 －
Other Non-Current Assets 789   24,342 5.9   28,132 6.5   (3,790) (13.5)
Total Non-Current Assets 8,775   270,789 65.2   264,305 60.7   6,484 2.5
                     
Total Assets 13,463   415,474 100.0   435,508 100.0   (20,035) (4.6)

 

            
LIABILIIES                  
Short-term Borrowings   10 323 0.1 3,208 0.7 (2,884) (89.9)
Notes & Accounts Payable 1,771 54,662 13.2 51,364 11.8 3,298 6.4
Current Installments of Long-term Borrowings 713 21,999 5.3 11,727 2.7 10,271 87.6
Current Financial Liabilities 1 39 0.0 54 0.0 (15) (28.1)
Accrued Expense & Other Current Liabilities 816 25,185 6.1 28,309 6.5 (3,125) (11.0)
Machinery and Equipment Payable 294   9,066 2.2   10,141 2.3   (1,074) (10.6)
Total Current Liabilities 3,606   111,273 26.8   104,803 24.1   6,470 6.2
                     
Long-term Borrowings 2,370 73,133 17.6 93,252 21.4 (20,119) (21.6)
Other Non-Current Liabilities 582   17,961 4.3   7,182 1.6   10,779 150.1
Total Non-Current Liabilities 2,952   91,094 21.9   100,434 23.1   (9,340) (9.3)
                     
Total Liabilities 6,558   202,368 48.7   205,237 47.1   (2,870) (1.4)
               
EQUITY                    
Common Stock   3,119 96,242 23.2 96,242 22.1 0 0.0
Capital Surplus 1,959 60,462 14.6 60,539 13.9 (78) (0.1)
Retained Earnings 1,399 43,159 10.4 55,538 12.8 (12,380) (22.3)
Other Equity (1) (45) 0.0 897 0.2 (942) －
Non-Controlling Interests 431   13,288 3.2   17,054 3.9   (3,766) (22.1)
Total Equity 6,906   213,106 51.3   230,271 52.9   (17,165) (7.5)
                     
Total Liabilities & Equity 13,463   415,474 100.0   435,508 100.0   (20,035) (4.6)

 

Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the exchange rate of NTD 30.86 per USD as of March 31, 2019

  (2) Cash and Cash Equivalents excluding time deposit with maturity longer than 3 months

 

 

AU OPTRONICS CORP. AND SUBSIDIARIES

Consolidated Condensed Cash Flow Statements

For the Period Ended March 31, 2019 and 2018

(Expressed in Millions of New Taiwan Dollars (NTD) and US Dollars (USD))

 

  Three Months 2019   Three Months 2018  
  USD   NTD   NTD  
Cash Flow from Operating Activities:
           
Profit(Loss) before Income Taxes (159) (4,902) 4,144  
Depreciation & Amortization 296 9,150 8,461  
Share of Profit of Equity-Accounted Investees (3) (103) (26)  
Changes in Working Capital (134) (4,126) (3,741)  
Changes in Others (10)   (324)   (375)  
Net Cash Provided(Used) by Operating Activities (10) (306) 8,463  
         
Cash Flow from Investing Activities:            
Acquisitions of Financial Assets Measured at Fair Value (30) (928) (29)  
Proceeds from Disposal of Financial Assets Measured at Fair Value 30 932 40  
Acquisitions of Property, Plant and Equipment (267) (8,255) (10,562)  
Proceeds from Disposal of Property, Plant and Equipment 2 52 1,035  
Decrease(Increase) in Other Financial Assets 1 39 17  
Decrease(Increase) in Other Assets (2) (64) (260)  
Net Cash Increase(Decrease) Resulting from Change in Consolidated Entity 0   0   (565)  
Net Cash Provided(Used) in Investing Activities (266) (8,223) (10,325)  
         
Cash Flow from Financing Activities:            
Increase(Decrease) in Short-term Borrowings (7) (229) (190)  
Increase(Decrease) in Long-term Borrowings 269 8,305 (5,778)  
Payment of Lease Liabilities (6) (174) 0  
Increase(Decrease) in Guarantee Deposits 0 10 (1)  
Changes in Non-Controlling Interests and Others (9)   (292)   0  
Net Cash Provided(Used) by Financing Activities 247 7,619 (5,969)  
         
Effect of Exchange Rate Changes on Cash and Cash Equivalents 12   366   (67)  
Net Increase(Decrease) in Cash and Cash Equivalents (18) (543) (7,898)  
Cash and Cash Equivalents at Beginning of Period 2,241   69,163   105,021  
Cash and Cash Equivalents at End of Period 2,224   68,620   97,123