[Mercuries] Subsidiary Mercuries Food Co., Ltd. announces the impact of investee Mercuries Life Insurance's initial adoption of IFRS 17 'Insurance Contracts' on the subsidiary's equity
Mercuries Food reported a 1.5 billion TWD increase in equity due to Mercuries Life Insurance adopting IFRS 17.
📋 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 Food Co., 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 Food's 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 Food's 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 | 0 | 0 | 0
Increase (decrease) in retained earnings | 2,153,097 | 2,820,959 | 2,830,105
Increase (decrease) in other equity | (634,897) | 353,965 | 155,734
Total | 1,518,200 | 3,174,924 | 2,985,839
6. Countermeasures: None.
7. Any other matters that need to be specified: None.
2. Company name: Mercuries Food Co., 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 Food's 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 Food's 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 | 0 | 0 | 0
Increase (decrease) in retained earnings | 2,153,097 | 2,820,959 | 2,830,105
Increase (decrease) in other equity | (634,897) | 353,965 | 155,734
Total | 1,518,200 | 3,174,924 | 2,985,839
6. Countermeasures: None.
7. Any other matters that need to be specified: None.