Taiwan Cogeneration Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,098	1,843	1,923	3,735	2,764
Short-Term Investments	485.52	489.82	733.96	-	-
Accounts Receivable	4,066	5,010	2,978	2,643	3,203
Other Receivables	126.65	446.87	149.59	139.64	116.77
Inventory	5.72	8.11	7.95	18.1	13.19
Prepaid Expenses	-	159.21	-	46.18	18.28
Other Current Assets	42.95	60.16	38.81	54.86	37.13
Total Current Assets	6,824	8,018	5,831	6,636	6,152
Property, Plant & Equipment	4,123	4,474	4,709	3,652	3,460
Goodwill	20.31	20.31	96.37	141.01	141.01
Other Intangible Assets	265.85	295.8	877.82	935.29	900.95
Long-Term Investments	18,365	14,090	14,271	13,282	13,026
Long-Term Deferred Tax Assets	341.54	253.11	232.3	188.01	197.17
Long-Term Accounts Receivable	0.77	-	0.85	11.33	21.65
Other Long-Term Assets	853.78	132.3	136.7	130.92	154.52
Total Assets	30,795	27,284	26,155	24,976	24,054
Accounts Payable	95.61	108.63	106.57	158.92	129.38
Accrued Expenses	287.91	245.25	186.75	221.95	129.08
Short-Term Debt	-	499.76	1,054	1,066	539.61
Current Portion of Long-Term Debt	227.72	2,121	161.47	947.39	115.69
Current Unearned Revenue	76.67	244.75	113.26	583.08	193.47
Current Portion of Leases	50.83	28.66	63.74	53.32	54.53
Current Income Taxes Payable	154.46	58.73	74.12	70.66	50.92
Other Current Liabilities	4,954	5,257	3,861	3,599	3,855
Total Current Liabilities	5,847	8,565	5,621	6,700	5,067
Long-Term Debt	8,269	2,487	4,089	5,625	6,244
Long-Term Leases	403.71	427.61	419.33	424.38	448.51
Long-Term Unearned Revenue	162.6	134.64	168.85	122.19	56.18
Pension & Post-Retirement Benefits	121.23	109.11	121.84	112.09	124.39
Long-Term Deferred Tax Liabilities	52.87	58.1	63.28	70.69	74.2
Other Long-Term Liabilities	162.67	118.7	84.36	71.46	60.87
Total Liabilities	15,020	11,900	10,567	13,126	12,076
Common Stock	7,303	7,303	7,303	5,890	5,890
Additional Paid-In Capital	2,785	2,622	2,622	499.69	499.69
Retained Earnings	5,735	5,491	5,534	5,317	5,430
Comprehensive Income & Other	-47.82	-32.31	-9.19	-14.13	11.38
Total Common Equity	15,775	15,384	15,450	11,693	11,831
Minority Interest	-	-	138.09	156.83	146.59
Shareholders' Equity	15,775	15,384	15,588	11,850	11,978
Total Liabilities & Equity	30,795	27,284	26,155	24,976	24,054
Total Debt	8,952	5,564	5,788	8,116	7,403
Net Cash (Debt)	-6,368	-3,231	-3,131	-4,382	-4,639
Net Cash Per Share	-8.70	-4.42	-4.55	-6.94	-7.42
Filing Date Shares Outstanding	730.28	730.28	730.28	624.3	624.3
Total Common Shares Outstanding	730.28	730.28	730.28	624.3	624.3
Working Capital	976.98	-546.67	210.27	-64.23	1,085
Book Value Per Share	21.60	21.07	21.16	18.73	18.95
Tangible Book Value	15,489	15,068	14,475	10,617	10,790
Tangible Book Value Per Share	21.21	20.63	19.82	17.01	17.28
Land	277.72	277.72	277.72	264.64	264.64
Buildings	1,456	1,385	1,385	362.1	78.95
Machinery	7,262	7,204	7,213	6,823	6,002
Construction In Progress	73.6	180.15	17.3	82.18	721.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.