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 Company also reclassified a long-term loan. 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 subsidiaries | 1,684,752 | (14,842) | 1,669,910 | |||
| Loans to subsidiaries | 48,958 | 4,312 | 53,270 | |||
| Others | 221,162 | – | 221,162 | |||
| Total assets | 1,954,872 | (10,530) | 1,944,342 | |||
| Equity | 1,948,379 | (10,530) | 1,937,849 | |||
| Liabilities | 6,493 | – | 6,493 | |||
| Total equity & liabilities | 1,954,872 | (10,530) | 1,944,342 | |||
| December 31, 2016 | ||||||
| As previously reported | Adjustments | As restated | ||||
| Investments in subsidiaries | 1,823,526 | (22,026) | 1,801,500 | |||
| Loans to subsidiaries | 50,565 | 4,312 | 54,877 | |||
| Others | 149,789 | – | 149,789 | |||
| Total assets | 2,023,880 | (17,714) | 2,006,166 | |||
| Equity | 2,015,856 | (17,714) | 1,998,142 | |||
| Liabilities | 8,024 | – | 8,024 | |||
| Total equity & liabilities | 2,023,880 | (17,714) | 2,006,166 | |||
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