UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income

Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

Except Per Share and Per ADS Data

Year over Year Comparison

Quarter over Quarter Comparison

Three-Month Period Ended

Three-Month Period Ended

March 31, 2013

March 31, 2012

%

March 31, 2013

December 31, 2012

%

US$

NT$

US$

NT$

Chg.

US$

NT$

US$

NT$

Chg.

Net Sales

931

27,781

881

26,269

5.8%

931

27,781

967

28,854

(3.7%)

Cost of Goods Sold

(780)

(23,289)

(746)

(22,247)

4.7%

(780)

(23,289)

(859)

(25,629)

(9.1%)

Net Gross Profit

151

4,492

135

4,022

11.7%

151

4,492

108

3,225

39.3%

16.2%

16.2%

15.3%

15.3%

16.2%

16.2%

11.2%

11.2%

Operating Expenses

  - Sales & Marketing

(26)

(763)

(24)

(712)

7.2%

(26)

(763)

(19)

(574)

32.9%

  - General & Administrative

(34)

(1,019)

(26)

(779)

30.8%

(34)

(1,019)

(26)

(783)

30.1%

  - Research & Development

(80)

(2,396)

(77)

(2,300)

4.2%

(80)

(2,396)

(87)

(2,593)

(7.6%)

(140)

(4,178)

(127)

(3,791)

10.2%

(140)

(4,178)

(132)

(3,950)

5.8%

Net Other Operating Income (Expenses)

(1)

(20)

1

34

-

(1)

(20)

(4)

(125)

(84.0%)

Operating Income (Loss)

10

294

9

265

10.9%

10

294

(28)

(850)

-

1.1%

1.1%

1.0%

1.0%

1.1%

1.1%

(2.9%)

(2.9%)

Net Non-Operating Income (Expenses)

243

7,249

34

1,008

100.0%

243

7,249

46

1,380

100.0%

Income from Continuing Operations before
   Income Tax

253

7,543

43

1,273

100.0%

253

7,543

18

530

100.0%

27.2%

27.2%

4.8%

4.8%

27.2%

27.2%

1.8%

1.8%

Income Tax Expense

(38)

(1,129)

(7)

(206)

100.0%

(38)

(1,129)

(4)

(124)

100.0%

Net Income

215

6,414

36

1,067

100.0%

215

6,414

14

406

100.0%

23.1%

23.1%

4.1%

4.1%

23.1%

23.1%

1.4%

1.4%

Other Comprehensive Income

51

1,542

58

1,729

(10.8%)

51

1,542

(163)

(4,865)

-

Total Comprehensive Income

266

7,956

94

2,796

100.0%

266

7,956

(149)

(4,459)

-

    Net income attributable to:

        Stockholders of the parent

221

6,593

43

1,294

100.0%

221

6,593

25

739

100.0%

        Non-Controlling interests

(6)

(179)

(7)

(227)

(21.1%)

(6)

(179)

(11)

(333)

(46.2%)

    Comprehensive income attributable to:

        Stockholders of the parent

272

8,119

102

3,029

100.0%

272

8,119

(138)

(4,124)

-

        Non-Controlling interests

(6)

(163)

(8)

(233)

(30.0%)

(6)

(163)

(11)

(335)

(51.3%)

Earnings per Share

0.017

0.52

0.003

0.10

0.017

0.52

0.002

0.06

Earnings per ADS ⁽²⁾

0.087

2.60

0.017

0.50

0.087

2.60

0.010

0.30

Weighted Average Number of Shares 

Outstanding (in millions)

12,631

12,613

12,631

12,636

Notes:

(1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2013 exchange rate of NT $ 29.83 per U.S. Dollar.

     All figures are prepared in accordance with TIFRSs.

(2) 1 ADS equals 5 common shares.

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statements of Comprehensive Income

Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

Except Per Share and Per ADS Data

For the Three-Month Period Ended

For the Three-Month Period Ended

March 31, 2013

March 31, 2013

US$

NT$

%

US$

 NT$ 

%

Net Sales

931

27,781

100.0%

931

27,781

100.0%

Cost of Goods Sold

(780)

(23,289)

(83.8%)

(780)

(23,289)

(83.8%)

Net Gross Profit

151

4,492

16.2%

151

4,492

16.2%

Operating Expenses

  - Sales & Marketing

(26)

(763)

(2.7%)

(26)

(763)

(2.7%)

  - General & Administrative

(34)

(1,019)

(3.7%)

(34)

(1,019)

(3.7%)

  - Research & Development

(80)

(2,396)

(8.6%)

(80)

(2,396)

(8.6%)

(140)

(4,178)

(15.0%)

(140)

(4,178)

(15.0%)

Net Other Operating Income (Expenses)

(1)

(20)

(0.1%)

(1)

(20)

(0.1%)

Operating Income (Loss)

10

294

1.1%

10

294

1.1%

Net Non-Operating Income (Expenses)

243

7,249

26.1%

243

7,249

26.1%

Income from Continuing Operations before
    Income Tax

253

7,543

27.2%

253

7,543

27.2%

Income Tax Expense

(38)

(1,129)

(4.1%)

(38)

(1,129)

(4.1%)

Net Income 

215

6,414

23.1%

215

6,414

23.1%

Other Comprehensive Income

51

1,542

5.5%

51

1,542

5.5%

Total Comprehensive Income

266

7,956

28.6%

266

7,956

28.6%

    Net income attributable to:

       Stockholders of the parent

221

6,593

23.7%

221

6,593

23.7%

       Non-Controlling interests

(6)

(179)

(0.6%)

(6)

(179)

(0.6%)

    Comprehensive income attributable to:

       Stockholders of the parent

272

8,119

29.2%

272

8,119

29.2%

       Non-Controlling interests

(6)

(163)

(0.6%)

(6)

(163)

(0.6%)

Earnings per Share

0.017

0.52

0.017

0.52

Earnings per ADS ⁽²⁾

0.087

2.60

0.087

2.60

Weighted Average Number of Shares
     Outstanding (in millions)

12,631

12,631

Notes:

(1) New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2013 exchange rate of NT $ 29.83 per U.S. Dollar.

     All figures are prepared in accordance with TIFRSs.

(2) 1 ADS equals 5 common shares.

UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statement of Cash Flows

For The Three-Month Period Ended March 31, 2013

 Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

USD

NTD

Cash flows from operating activities :

    Net income before tax

253

7,543

    Depreciation & Amortization

323

9,625

    Share of profit of associates and joint ventures

(6)

(181)

    Impairment loss on financial assets

5

163

    Bargain purchase gain

(239)

(7,140)

    Exchange loss on financial assets and liabilities

4

109

    Exchange loss on long-term liabilities

6

178

    Changes in assets, liabilities and others

(16)

(441)

Net cash provided by operating activities

330

9,856

Cash flows from investing activities :

    Proceeds from disposal of available-for-sales financial assets

4

133

    Acquisition of financial assets measured at cost

(13)

(389)

    Acquisition of subsidiaries 

89

2,650

    Acquisition of property, plant and equipment

(241)

(7,182)

    Acquisition of intangible assets

(12)

(362)

    Others

(3)

(98)

Net cash used in investing activities

(176)

(5,248)

Cash flows from financing activities :

    Decrease in short-term loans

(43)

(1,293)

    Proceeds from bonds issued

335

10,000

    Proceeds from long-term loans

49

1,450

    Repayments of long-term loans

(120)

(3,579)

    Treasury stockacquired

(17)

(519)

    Acquisition of non-contrlling interest

(10)

(285)

    Others

(2)

(45)

Net cash providedby financing activities

192

5,729

Effect of exchange rate changes on cash and cash equivalents

17

494

Net increase in cash and cash equivalents

363

10,831

Cash and cash equivalents at beginning of period

1,428

42,593

Cash and cash equivalents at end of period

1,791

53,424

Note: New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2013 exchange rate of NT $ 29.83 per U.S. Dollar. All figures are prepared in accordance with TIFRSs.