Foreword
Fiscal Year 2004 (hereafter refers to as “this year”) Central Government General Annual Report Subsidiary Agency Annual Report and Combined Statement for the state-owned enterprise section, listed subsidiary agency annual reports of 26 units. Sub-annual reports for 3 units of subsidiary agencies, customarily were compiled into the above annual reports of each original investing subsidiary agencies in the form of consolidated statements; with no singular listings. After verification, operational revenues and expenditures were amended with an additional income of NT$759 million 602 thousand 685.57 and expenditure of NT$4 billion 12 million 395 thousand 173.55, while total revenue was recorded at NT$2 trillion 844 billion 537 million 116 thousand 84.05 and total expenditure amounted to NT$2 trillion 523 billion 519 million 973 thousand 214.16. After offsetting the revenue with the expenditure, net profit generated this year came to a total of NT$321 billion 17 million 142 thousand 869.89. Compared to the budget, an increase of NT$135 billion 630 million 798 thousand 869.89 reached approximately 73.16%. This was mainly due to increases in foreign currency trading, profit rates and interest incomes of the Central Bank of China (Republic of China).
This year, the global economy continues to move on a stronger recovery, and domestic and foreign demands as well as production have also returned to the active side. During this period, under such high competition brought about by economic liberalization and internationalization, state-owned enterprises were still able to follow the government policies, reinforce fixed asset investments, stabilize energy prices and upgrade service qualities, effectively modulate commodities and finances, accomplish administrative innovations, streamline human resources and retrench costs, upgrade operational efficiency and enhance fiscal income. At the same time, state-own enterprises have also taken on their social responsibilities to value ecological and environmental protection as well as pollution prevention, strengthened research and development, and promoted automation operation to elevate industrial technology standards. All above measures taken have made substantial contribution to the national economy, finance and society.