Revenue Management
LaParty group revenue originates from the Vietnam factory (La Party Corporation Vietnam) and flows back to the Taiwan holding company (家德國際) via subsidiary dividend distributions. This page describes 家德國際's income recognition and historical figures.
Revenue Structure
家德國際 is a pure holding company — it does not manufacture or trade directly. All income is subsidiary dividends:
| Subsidiary | Income Source |
|---|---|
| 家德包裝 (LaParty Packaging) | Taiwan packaging operations |
| 麗德瑋包裝 (LDW Packaging) | Taiwan packaging operations |
| 家德 (Vietnam factory) | Vietnam manufacturing |
| 麗德瑋 | Related operations |
家德國際's "revenue" = sum of dividends received from subsidiaries, before expenses
Historical Income Records
2021 (Dividends from FY2020 after-tax earnings)
| Subsidiary | After-Tax Income (NT$) | Dividends Paid to 家德國際 (NT$) |
|---|---|---|
| 家德 | -2,033,933 | 0 (loss — not distributed) |
| 麗德瑋 | 231,400 | 198,888 |
| 家德包裝 | 2,238,540 | 1,833,364 |
| 麗德瑋包裝 | 854,999 | 700,244 |
| Total received | — | NT$2,732,496 |
家德國際 2021 total expenses: NT$2,629,057
5% undistributed earnings supplemental tax: NT$5,172
2023 Annual Expense Baseline
Total expenses: NT$3,482,109
Key items:
- Travel expenses: NT$1,544,332
- Personnel salary: NT$1,475,944
- Labor insurance: NT$134,524
- Labor pension: NT$82,482
- NHI premium: NT$80,917
- Fixed asset depreciation: NT$113,910
- Accountant fees: NT$50,000
- Receipts/invoices: NT$646,527
Income Recognition Principles
Source:
OneDrive / 9-家德國際營業額計算 /— each year's "(說明)營業額計算" worksheet
- Subsidiaries complete annual filing each May
- After-tax income confirmed; distributable dividend calculated (10% legal reserve set aside)
- Subsidiaries wire dividends to 家德國際 account
- 家德國際 account inflows constitute the annual revenue record
- At year-end, CPA reconciles account statements; all expenses must have corresponding receipts
Tax note: Holding company dividend income is not subject to 20% income tax. However, a 5% supplemental tax on undistributed retained earnings applies to income that is not paid out as dividends to shareholders.
Vietnam Factory Operating Scale (2025)
Raw material procurement volume provides a proxy for Vietnam factory operational scale. 2025 key supplier data:
| Supplier | Volume (KG) | Purchase Value (VND) |
|---|---|---|
| CHISAGE | 1,579,500 | ~52B |
| THƯƠNG MẠI - ICB | 1,194,500 | ~41.5B |
| CTY TNHH VINOMIG | 1,062,000 | ~31B |
| MINGRI | 1,095,250 | ~30.8B |
| CTY KIẾN Á | 485,494 | ~13.5B |
Estimated 2025 Vietnam factory total raw material spend: VND 200B+ (~USD 800,000+)
Financial Document Locations
| Document | OneDrive Path |
|---|---|
| 家德國際 bank statement (2025) | 9-家德國際營業額計算 / 2025 / 250205 家德國際存摺資料.xlsx |
| 家德國際 bank statement (2024) | 9-家德國際營業額計算 / 2024 / 240220 家德國際存摺資料.xlsx |
| Revenue calculation workbook | 9-家德國際營業額計算 / 2024 / 240430 家德國際營業額計算-2024.xlsx |
| Petty cash records | OneDrive / 241223 越南零用金收支表.xlsx (and similar per location) |
Vietnam Tax Considerations
- The Vietnam factory is subject to Vietnamese corporate income tax; dividends can only be remitted after tax is settled
- Remitting dividends requires compliance with Vietnamese foreign exchange controls
- 高青海關 customs data (Taiwan import/export filings) are submitted to the CPA annually: recorded as
高青海關數據in the expense workbook