UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES

Consolidated Condensed Statement of Cash Flows

For The Three-Month Period Ended March 31, 2014

 Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)

USD

NTD

Cash flows from operating activities :

    Net income before tax

42

1,292

    Depreciation & Amortization

323

9,850

    Impairment loss on financial assets

3

93

    Gain on disposal of investments

(12)

(367)

    Changes in notes & accounts receivable

(64)

(1,959)

    Changes in other current assets

(48)

(1,456)

    Changes in payables

(20)

(607)

    Changes in assets, liabilities and others

(19)

(614)

Net cash provided by operating activities

205

6,232

Cash flows from investing activities :

    Proceeds from disposal of available-for-sale financial assets

17

529

    Acquisition of financial assets measured at cost

(4)

(137)

    Acquisition of property, plant and equipment

(206)

(6,277)

    Acquisition of intangible assets

(6)

(175)

    Others

(1)

(40)

Net cash used in investing activities

(200)

(6,100)

Cash flows from financing activities :

    Increase in short-term loans

92

2,800

    Repayments of long-term loans

(16)

(475)

    Others

3

70

Net cash provided by financing activities

79

2,395

Effect of exchange rate changes on cash and cash equivalents

17

573

Net increase in cash and cash equivalents

101

3,100

Cash and cash equivalents at beginning of period

1,669

50,831

Cash and cash equivalents at end of period

1,770

53,931

Reconciliation of the balances of cash and cash equivalents at end of period:

Cash and cash equivalents balances on the consolidated balance sheets

1,770

53,915

Cash and cash equivalents of disposal group included in non-current assets held for sale

0

16

Cash and cash equivalents at end of period

1,770

53,931

Note: New Taiwan Dollars have been translated into U.S. Dollars at the March 31, 2014 exchange rate of NT $30.463 per U.S. Dollar.

         All figures are prepared in accordance with TIFRSs.