Mercuries (2905) Announcement Regarding Impact of Subsidiary Mercuries Life Insurance's Adoption of IFRS 17
Mercuries Group announces the adoption of IFRS 17 "Insurance Contracts" by its subsidiary, Mercuries Life Insurance, from Jan 1, 115, resulting in restatements of financial statements.
📋 Article Processing Timeline
- 📰 Published: May 16, 2026 at 12:57
- 🔍 Collected: May 16, 2026 at 12:57 (0 min after Published)
- 🤖 AI Analyzed: May 16, 2026 at 13:25 (28 min after Collected)
Date of announcement: 115/05/15. Subject: Announcement regarding the impact of the adoption of IFRS 17 'Insurance Contracts' by Mercuries Life Insurance, an investee of our subsidiary Mercuries, on the equity of Mercuries' shareholders. The subsidiary, Mercuries Life Insurance, applied IFRS 17 'Insurance Contracts' starting Jan 1, 115, and restated previous financial statements. The impact on Mercuries' shareholders' equity is as follows (Unit: NT$ thousands): Capital reserve increase (decrease): 301,135 (Dec 31, 114). Retained earnings increase (decrease): 1,789,374 (Dec 31, 114), 2,264,098 (Mar 31, 114), 2,384,194 (Jan 1, 114). Other equity increase (decrease): (722,439) (Dec 31, 114), 140,118 (Mar 31, 114), (5,386) (Jan 1, 114). Total: 1,368,070 (Dec 31, 114), 2,404,216 (Mar 31, 114), 2,378,808 (Jan 1, 114). No countermeasures required.