During 2017, the Company discovered that the dilution effect was erroneously not included for the goodwill and other intangible assets of the associate ASMPT. As a consequence, the value of the investment in associate was overstated. The errors have been corrected by restating each of the affected financial statement line items for prior periods.
The following table summarizes the impact.
January 1, 2016 | ||||||
As previously reported | Adjustments | As restated | ||||
Investments in associates | 1,180,839 | (10,530) | 1,170,309 | |||
Others | 895,138 | – | 895,138 | |||
Total assets | 2,075,977 | (10,530) | 2,065,447 | |||
Equity | 1,948,379 | (10,530) | 1,937,849 | |||
Liabilities | 127,598 | – | 127,598 | |||
Total equity & liabilities | 2,075,977 | (10,530) | 2,065,447 |
December 31, 2016 | ||||||
As previously reported | Adjustments | As restated | ||||
Investments in associates | 1,235,738 | (17,714) | 1,218,024 | |||
Others | 912,525 | – | 912,525 | |||
Total assets | 2,148,263 | (17,714) | 2,130,549 | |||
Equity | 2,015,856 | (17,714) | 1,998,142 | |||
Liabilities | 132,407 | – | 132,407 | |||
Total equity & liabilities | 2,148,263 | (17,714) | 2,130,549 |