Fubon Life Insurance Acquires Right-of-Use Assets from Fubon Insurance Co.
Original: 富邦金控代子公司富邦人壽公告取得「富邦產物保險股份有限公司」使用權資產
Summary
Fubon Financial Holdings disclosed, on behalf of its subsidiary Fubon Life Insurance, that Fubon Life has obtained right-of-use (ROU) assets associated with Fubon Insurance Co., Ltd. — a related-party lease arrangement between two group subsidiaries recognized under IFRS 16. This is a routine intra-group lease accounting disclosure with limited direct impact on consolidated financials. Full body available on MOPS.
Full Translation
Fubon Financial Holdings Co., Ltd. (TWSE: 2881), acting on behalf of its subsidiary Fubon Life Insurance Co., Ltd., announces that Fubon Life Insurance has acquired right-of-use assets pertaining to Fubon Insurance Co., Ltd. (富邦產物保險股份有限公司). Under IFRS 16 (Leases), a lessee must recognise a right-of-use asset and a corresponding lease liability at the commencement date of a lease; this filing reflects such recognition arising from a lease arrangement between two wholly-owned subsidiaries within the Fubon Financial group. Because both entities are group companies, the transaction is subject to related-party disclosure requirements under TWSE listing rules. [Body not available — subject line only. See MOPS for full announcement.]