Taiwan Cogeneration Balance Sheet

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,810	1,843	1,923	3,735	2,764	1,603
Short-Term Investments	482.95	489.82	733.96	-	-	-
Accounts Receivable	3,733	5,010	2,978	2,643	3,203	4,353
Other Receivables	212.51	446.87	149.59	139.64	116.77	206.67
Inventory	8.09	8.11	7.95	18.1	13.19	7.49
Prepaid Expenses	284.53	159.21	-	46.18	18.28	18.98
Other Current Assets	52.39	60.16	38.81	54.86	37.13	44.85
Total Current Assets	7,583	8,018	5,831	6,636	6,152	6,234
Property, Plant & Equipment	4,296	4,474	4,709	3,652	3,460	3,016
Goodwill	20.31	20.31	96.37	141.01	141.01	96.37
Other Intangible Assets	274.62	295.8	877.82	935.29	900.95	398.26
Long-Term Investments	17,967	14,090	14,271	13,282	13,026	12,828
Long-Term Deferred Tax Assets	255.46	253.11	232.3	188.01	197.17	209.55
Long-Term Accounts Receivable	3.08	-	0.85	11.33	21.65	29.48
Other Long-Term Assets	137.46	132.3	136.7	130.92	154.52	168.22
Total Assets	30,537	27,284	26,155	24,976	24,054	22,980
Accounts Payable	89.21	108.63	106.57	158.92	129.38	230.51
Accrued Expenses	277.9	245.25	186.75	221.95	129.08	127.87
Short-Term Debt	1,896	499.76	1,054	1,066	539.61	35
Current Portion of Long-Term Debt	933.52	2,121	161.47	947.39	115.69	54.55
Current Unearned Revenue	0.11	244.75	113.26	583.08	193.47	202.71
Current Portion of Leases	58.29	28.66	63.74	53.32	54.53	48.17
Current Income Taxes Payable	56.13	58.73	74.12	70.66	50.92	95.56
Other Current Liabilities	5,265	5,257	3,861	3,599	3,855	4,051
Total Current Liabilities	8,576	8,565	5,621	6,700	5,067	4,845
Long-Term Debt	5,709	2,487	4,089	5,625	6,244	5,488
Long-Term Leases	422.5	427.61	419.33	424.38	448.51	182.64
Long-Term Unearned Revenue	152.16	134.64	168.85	122.19	56.18	12.08
Pension & Post-Retirement Benefits	108.06	109.11	121.84	112.09	124.39	126.43
Long-Term Deferred Tax Liabilities	54.48	58.1	63.28	70.69	74.2	78.56
Other Long-Term Liabilities	156.43	118.7	84.36	71.46	60.87	56.97
Total Liabilities	15,179	11,900	10,567	13,126	12,076	10,790
Common Stock	7,303	7,303	7,303	5,890	5,890	5,890
Additional Paid-In Capital	2,785	2,622	2,622	499.69	499.69	499.69
Retained Earnings	5,318	5,491	5,534	5,317	5,430	5,625
Comprehensive Income & Other	-48.38	-32.31	-9.19	-14.13	11.38	35
Total Common Equity	15,358	15,384	15,450	11,693	11,831	12,051
Minority Interest	-	-	138.09	156.83	146.59	139.09
Shareholders' Equity	15,358	15,384	15,588	11,850	11,978	12,190
Total Liabilities & Equity	30,537	27,284	26,155	24,976	24,054	22,980
Total Debt	9,019	5,564	5,788	8,116	7,403	5,809
Net Cash (Debt)	-5,726	-3,231	-3,131	-4,382	-4,639	-4,205
Net Cash Per Share	-7.83	-4.42	-4.55	-6.94	-7.42	-6.72
Filing Date Shares Outstanding	730.28	730.28	730.28	624.3	624.3	624.3
Total Common Shares Outstanding	730.28	730.28	730.28	624.3	624.3	624.3
Working Capital	-993.65	-546.67	210.27	-64.23	1,085	1,389
Book Value Per Share	21.03	21.07	21.16	18.73	18.95	19.30
Tangible Book Value	15,063	15,068	14,475	10,617	10,790	11,556
Tangible Book Value Per Share	20.63	20.63	19.82	17.01	17.28	18.51
Land	277.72	277.72	277.72	264.64	264.64	264.64
Buildings	1,385	1,385	1,385	362.1	78.95	78.95
Machinery	7,247	7,204	7,213	6,823	6,002	6,003
Construction In Progress	223.84	180.15	17.3	82.18	721.24	292.48

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.