Profit Distribution
家德國際企業有限公司 (LaParty International Co., Ltd.) is the group's Taiwan holding company. Its sole income is dividends received from its four subsidiaries. Profit distribution follows Taiwan company law.
Corporate Structure
家德國際 (LaParty International) holds stakes in four operating entities:
| Subsidiary | Short Name | Business |
|---|---|---|
| 家德包裝 (LaParty Packaging) | 家包 | Taiwan packaging manufacturing |
| 麗德瑋包裝 (LDW Packaging) | 麗包 | Taiwan packaging manufacturing |
| 家德 (Vietnam factory) | 家德 | Vietnam manufacturing |
| 麗德瑋 (LDW) | 麗德瑋 | Related operations |
Each subsidiary files its annual tax return in May. After audit confirmation, dividends flow up to 家德國際.
Dividend Calculation Method
Source:
OneDrive / 9-家德國際營業額計算 / 2024/240430 家德國際營業額計算-2024.xlsx— sheet "(說明)營業額計算"
Steps:
- Take "Current Period Net Income" from the balance sheet
- Offset any accumulated prior-year losses
- Set aside 10% as mandatory legal reserve
- Remaining 90% is distributable as dividends
Formula:
Distributable Dividend = Net After-Tax Income × 90%
(after offsetting prior accumulated losses)
Key rules:
- If the year results in a net loss, no dividend is distributed
- 家德國際 as a holding company is exempt from the 20% withholding tax on dividends
- However, a 5% supplemental tax on undistributed retained earnings applies
- All expenses require bank statement verification at year-end (item-by-item audit)
Shareholder Structure
| Shareholder | Ownership |
|---|---|
| 吳志濠 (Wu Chi-hao) | 99% |
| 楊麗英 (Yang Li-ying) | 1% |
Historical Distribution Records
2021 (Based on FY2020 after-tax income)
| Subsidiary | FY2020 Net Income (NT$) | Distributable Dividend (NT$) |
|---|---|---|
| 家德 | -2,033,933 | 0 (loss year) |
| 麗德瑋 | 231,400 | 208,260 |
| 家德包裝 | 2,238,540 | 2,014,686 |
| 麗德瑋包裝 | 854,999 | 769,499 |
| Total received | — | NT$2,732,496 |
家德國際 2021 revenue total: NT$2,732,496
2021 Dividend Payout to Shareholders
| Shareholder | Ownership | Gross Dividend (NT$) | NHI Supplement (NT$) | Net Payout (NT$) | Date |
|---|---|---|---|---|---|
| 吳志濠 | 99% | 383,632 | 8,095 | 375,537 | Jul 28, 2021 |
| 楊麗英 | 1% | 3,875 | 0 | 3,875 | Jul 28, 2021 |
| Total | 100% | 387,507 | 8,095 | 379,412 | — |
Calculation basis: 574,127 (annual taxable income) − 143,564 (accumulated deficit) = 430,563 × 90% = NT$387,507 total distributable
Allowable Expense Recognition (家德國際)
家德國際 recognizes the following expenses annually against dividend income:
| Expense | Amount (NT$) |
|---|---|
| Labor insurance (勞保) | ~45,000 – 134,524 |
| Labor pension (勞退) | ~17,640 – 82,482 |
| National health insurance | ~28,000 – 85,695 |
| Travel expenses (Vietnam trips) | ~1,162,236 – 1,544,332 |
| Personnel salary expenses | ~1,475,944 – 1,556,180 |
| Accountant fees | NT$50,000 – 86,130 |
| Fixed asset depreciation | Office equipment, Toyota vehicle |
| Receipts and invoices | NT$191,969 – 646,527 |
Note: Dividend payouts to shareholders are not recognized as company expenses. NHI supplemental premiums are personal obligations — not deductible.
Distribution Process
- Each subsidiary completes annual tax filing in May
- After CPA sign-off, calculate distributable dividend for each entity
- 家德國際 collects dividends from each subsidiary (wired to 家德國際 account)
- Calculate 家德國際's own net income; distribute to shareholders per ownership percentage
- Deduct NHI supplement as applicable; wire net amounts to designated accounts
Bank records: OneDrive / 9-家德國際營業額計算 / 2025 / 250205 家德國際存摺資料.xlsx