Taipei Fubon Bank Acquires Right-of-Use Asset for Taipei City Hall Building Premises
Original: 富邦金控代子公司台北富邦銀行公告取得 「臺北市市政大樓公共事務管理中心」使用權資產
Summary
Fubon Financial Holdings, acting on behalf of its subsidiary Taipei Fubon Bank, announced the recognition of a right-of-use asset for premises designated as the Taipei City Hall Building Public Affairs Management Center. Under IFRS 16, recognition of a right-of-use asset indicates execution of a new lease agreement for the named facility, a government administrative complex in Taipei. This is a routine operational property matter with no material financial impact expected. Full body available on MOPS.
Full Translation
Fubon Financial Holdings, on behalf of its subsidiary Taipei Fubon Bank, announces the acquisition of a right-of-use asset for the 'Taipei City Hall Building Public Affairs Management Center' (臺北市市政大樓公共事務管理中心). Under IFRS 16 accounting standards, recognition of a right-of-use asset corresponds to the execution of a new lease arrangement, signifying that Taipei Fubon Bank has entered into a lease for space within this government administrative building complex located in Taipei City. The disclosure is filed by the parent holding company on the subsidiary bank's behalf, consistent with TWSE material-information reporting obligations. [Body not available — subject line only. See MOPS for full announcement.]