[Mercuries] Subsidiary Mercuries & Associates, Ltd. announces the impact of investee Mercuries Life Insurance's initial adoption of IFRS 17 'Insurance Contracts' on the subsidiary's equity
Mercuries & Associates reported a 1.368 billion TWD increase in equity following the adoption of IFRS 17 by Mercuries Life Insurance.
📋 Article Processing Timeline
- 📰 Published: May 15, 2026 at 09:00
- 🔍 Collected: May 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 16, 2026 at 10:18 (2h 18m after Collected)
1. Date of occurrence of the event: 2026/05/15
2. Company name: Mercuries & Associates, Ltd.
3. Relationship to the Company (please enter "head office" or "subsidiary"): Subsidiary
4. Reciprocal shareholding ratios: N/A
5. Cause of occurrence:
The subsidiary Mercuries & Associates' equity-method investee, Mercuries Life Insurance Co., Ltd., has applied the International Financial Reporting Standard No. 17 "Insurance Contracts" since January 1, 2026, and retrospectively restated previous years' financial statements. The details of the impact on the subsidiary Mercuries & Associates' shareholder equity are as follows:
Unit: NT$ thousands
Item | Dec 31, 2025 (Restated) | Mar 31, 2025 (Restated) | Jan 1, 2025 (Restated)
--- | --- | --- | ---
Increase (decrease) in capital surplus | 301,135 | 0 | 0
Increase (decrease) in retained earnings | 1,789,374 | 2,264,098 | 2,384,194
Increase (decrease) in other equity | (722,439) | 140,118 | (5,386)
Total | 1,368,070 | 2,404,216 | 2,378,808
6. Countermeasures: None.
7. Any other matters that need to be specified: None.
2. Company name: Mercuries & Associates, Ltd.
3. Relationship to the Company (please enter "head office" or "subsidiary"): Subsidiary
4. Reciprocal shareholding ratios: N/A
5. Cause of occurrence:
The subsidiary Mercuries & Associates' equity-method investee, Mercuries Life Insurance Co., Ltd., has applied the International Financial Reporting Standard No. 17 "Insurance Contracts" since January 1, 2026, and retrospectively restated previous years' financial statements. The details of the impact on the subsidiary Mercuries & Associates' shareholder equity are as follows:
Unit: NT$ thousands
Item | Dec 31, 2025 (Restated) | Mar 31, 2025 (Restated) | Jan 1, 2025 (Restated)
--- | --- | --- | ---
Increase (decrease) in capital surplus | 301,135 | 0 | 0
Increase (decrease) in retained earnings | 1,789,374 | 2,264,098 | 2,384,194
Increase (decrease) in other equity | (722,439) | 140,118 | (5,386)
Total | 1,368,070 | 2,404,216 | 2,378,808
6. Countermeasures: None.
7. Any other matters that need to be specified: None.