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Republic of China 2003 Final Central Government Report Subsidiary Agency Final Report and General Table (business section) Analysis

  • Release Department:Directorate-General of Budget, Accounting and Statistics, Executive Yuan

 

  For the year 2003, final Central Government report subsidiary agency final report and general table business section, 26 final subsidiary agencies accounts and 3 final division report of subsidiary agencies are listed; thus original investment business subsidiary agencies final accounts are presented in the form of a consolidated statement, with no singular listings.  After verification, additional increase to the revenue was revised to NT$699 billion 740 million, the additional increase to the expenditure was revised to NT$608 billion 816 million, the verified final revenue amounted to NT$2 trillion 772 billion 369 million, and the final expenditure amounted to NT$2 trillion 406 billion 376.6 million. Net profits amounted to NT$362 billion 999.24 million, NT$192 billion 748.7 million higher than the budget to reach approximately 113.21%; mainly due to increases in foreign currency business and profit rates and interest rates of the Central Bank of China.
The SARS epidemic took a great toll on the slightly rising economic prosperity of the first half of the year. Luckily, by the second half of the year, the nation was walking out of the shadow of the epidemic, and populace consuming and investments were both on the rise.  Overall, under the unfavorable circumstances of slow international economic revival, a rise of environmental consciousness and laborer’s rights in the nation, along with the increased cost of physical labor, economic liberalization and internationalization, state-run businesses are involved in intense competition and business operations are impacted as a result.  They still have the ability to follow government policies and follow administrative innovations to employ staff selectively, to retrench costs and economize management to increase efficiency, to provide products at a low price and raise service quality, to actively participate in localization running and add to treasury revenues, to pay attention to ecological and environmental protection and to prevent social pollution and fulfill social responsibilities well, to strengthen research development, promote automation operation, elevate industry technology standards and contribute to both national economy, finance and society.