6-K

FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For August 15, 2003

Commission File Number 001-31335

AU Optronics Corp.
(Translation of registrant’s name into English)

No. 1 Li-Hsin Road 2
Science-Based Industrial Park
Hsinchu, Taiwan
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  X   Form 40-F ___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s "home country"), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ___ No   X  

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
Not applicable





INDEX TO EXHIBITS

Item  
1. Taiwan Stock Exchange filing entitled, “Revision of The Original Financial Forecast for 2003 (Audited)”, dated August 14, 2003.
   
2. Taiwan Stock Exchange filing entitled, “1H 2003 Audited Unconsolidated Financial Statements”, dated August 14, 2003.




Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  AU Optronics Corp.
     
     
Date: August 15, 2003 By: /s/ Max Weishun Cheng                
    Name: Max Weishun Cheng
Title: Chief Financial Officer




Item 1

AU Optronics Corp.
August 6, 2003
English Language Summary

Subject: Revision of the original financial forecast for 2003 (audited)
   
Regulation: Published pursuant to Article 2-31 of the Taiwan Stock Exchange’s Operating Procedures for the Publication of Material Information by Listed Companies
   
Content:  
  1. Fiscal year of the financial forecast: 2003

  2. Date of preparation, correction, updating of the financial forecast: 2003/08/06

  3. Reason for preparation of the financial forecast: 1. Cumulative changes in Board of Directors reached one-third or more within the same term of the Board. 2. Within 3 years after the year of IPO; 3. Rights issue in 2002.

  4. Name of the reviewing CPA and date of review: Alfred S. H. Wei and Alfred Chen of KPMG Certified Public Accountants on August 11, 2003

  5. Date of the board of directors resolution: 2003/08/14

  6. Date of public announcement: 2003/08/14

  7. Monetary amounts of major accounting items of the balance sheet and income statement:
Balance Sheet   2003 (Original)   Unit: NTD thousand
2003 (Updated)		  
 
 
 
   Current assets $ 36,884,194   40,883,898  
   Long-term investments   2,115,589   1,986,283  
   Net property, plant and equipment   91,105,339   89,821,862  
   Intangible assets – patents   2,278,039   2,239,867  
   Other assets   4,781,396   4,948,490  
   Current liabilities   28,162,820   27,411,852  
   Long-term liabilities   30,330,660   24,592,209  
   Other liabilities   111,135   111,241  
   Common stock   42,702,050   43,522,062  
   Capital surplus   31,729,742   32,210,987  
   Retained earnings:   4,100,999   12,029,799  
   Cumulative translation adjustment   27,151   2,250  
   Treasury stock   -   -  
   Total assets   137,164,557   139,880,400  
   Total liability   58,604,615   52,115,302  
   Total stockholders’ equity   78,559,942   87,765,098  
   Net worth per share          
           
   Income Statement   2003 (Forecast)   2003 (Updated)  
 
 
 
   Net sales $ 89,840,100   90,522,869  
   Cost of goods sold   80,455,539   73,046,109  
   Gross profit (loss)   9,384,561   17,476,760  
   Operating expenses:   5,712,692   5,950,072  
   Operating income (loss)   3,671,869   11,526,688  
   Non-operating income:   278,375   438,334  
   Non-operating expenses and losses:   1,370,244   1,456,222  
   Income (loss) before income tax   2,580,000   10,508,800  
   Income tax expense (benefit)   -   -  
   Net income (loss)   2,580,000   10,508,800  

8. Reason for the correction or update and monetary amount affected: ASP movements differed from the assumptions under original financial forecast.
   
9. CPA review opinion (please enter: “Standard (or Adverse or Disclaimer of) Review report”; if a non-standard review report, please further enter the explanation section and the conclusion of the review opinion): Standard
   
10. Any other matters that need to be specified: N/A 




Item 2

     

Financial Statement Balance Sheet  
   
Provided by: AU Optronics Corp Unit: NT$ thousand

Accounting Title  2003/06/30 2002/06/30
Amount % Amount %
   Assets

        
   Current Assets

        
      Cash and Cash Equivalents

 14,926,357 11.58 25,645,028 20.25
      Short-Term Investments

 2,634,198 2.04 5,137,383 4.05
      Accounts Receivable

 7,930,734 6.15 7,149,881 5.64
      Accounts Receivable – Related Parties

 7,524,171 5.83 4,115,637 3.25
      other financial assets–current

 492,495 0.38 570,605 0.45
      Inventories

 6,353,502 4.93 8,284,767 6.54
      Other Current Assets

 1,168,429 0.90 1,310,135 1.03
            Current Assets

 41,029,886 31.84 52,213,436 41.24
   Funds and Long-Term Investments

        
      Long –Term Investments in Stocks

 1,603,832 1.24 636,287 0.50
            Long – Term Investments

 1,603,832 1.24 636,287 0.50
   Fixed Assets

        
      Cost

        
         Land

 199,176 0.15 677,389 0.53
         Buildings and Structures

 9,970,339 7.73 10,493,783 8.28
         Machinery and Equipment

 79,752,430 61.89 66,149,009 52.25
         Other Facilities

 3,496,843 2.71 2,571,016 2.03
         Fixed Assets Cost

 93,418,788 72.50 79,891,197 63.10
         Accumulated Depreciation

 -31,624,723 -24.54 -19,946,254 -15.75
         construction in process and prepayment for
    equipments
 16,385,795 12.71 7,399,608 5.84
            Fixed Assets (Net)

 78,179,860 60.67 67,344,551 53.19



   Intangible

        
   Patents

 2,829,421 2.19 2,826,694 2.23
      Intangible Assets

 2,829,421 2.19 2,826,694 2.23
Other Assets

        
   Assets Rented Out

 1,569,164 1.21 0 0.00
   Idled Assets

 38,714 0.03 49,209 0.03
   Guarantee Deposits Paid

 924,018 0.71 896,382 0.70
   Deferred Charges

 704,922 0.54 585,345 0.46
   deferred tax assets-noncurrent

 1,936,330 1.50 1,984,277 1.56
   Other Assets – Other

 29,200 0.02 58,200 0.04
      Other Assets

 5,202,348 4.03 3,573,413 2.82
Assets

 128,845,347 100.00 126,594,381 100.00
         
Liabilities and Stockholders' Equity

        
Current Liabilities

        
   Accounts Payable

 9,304,143 7.22 11,069,759 8.74
   Accounts Payable – Related Parties

 4,081,404 3.16 842,583 0.66
   Accrued Expenses

 3,893,970 3.02 2,262,545 1.78
   Other Payables

 2,376,139 1.84 941,814 0.74
   Long-Term Liabilities – Current Portion

 9,485,678 7.36 6,862,110 5.42
      Current Liabilities

 29,141,334 22.61 21,978,811 17.36
Long-Term Liabilities

       
   Bonds Payable

 1,767,052 1.37 3,529,568 2.78
   Long-Term Borrowings

 18,990,265 14.73 23,892,911 18.87
      Non current interest-bearing liabilities

 20,757,317 16.11 27,422,479 21.66
Reserves

        
Other Liabilities

        
      Other Liabilities

 134,489 0.10 90,384 0.07
   Liabilities

 50,033,140 38.83 49,491,674 39.09
         
Stockholders' Equity

        



   Common Stock

 40,258,337 31.24 39,763,971 31.41
   Certificates of Bond-to-Stock Conversion

 5,190 0.00 2,088 0.00
   Stock Dividend to be Distributed

 2,440,549 1.89 0 0.00
Capital Surplus

        
   Additional Paid-In Capital

 28,348,457 22.00 28,040,229 22.14
   Capital Surplus – Net Assets from Merger

 3,382,567 2.62 3,382,567 2.67
   Capital Surplus

 31,731,024 24.62 31,422,796 24.82
Retained Earnings

        
   Legal Reserve

 602,267 0.46 0 0.00
   Unappropriated Retained Earnings

 4,023,571 3.12 5,929,938 4.68
   Retained Earnings

 4,625,838 3.59 5,929,938 4.68
Cumulative Translation Adjustments

 2,250 0.00 -16,086 -0.01
Treasury Stock

 -250,981 -0.19 0 0.00
   Stockholders‘ Equity

 78,812,207 61.16 77,102,707 60.90

Financial Statement Income Statement  
   
Provided by: AU Optronics Corp Unit: NT$ thousand

Accounting Title 2003/06/30 2002/06/30
Amount % Amount %
Sales

 39,426,174.00 100.59      42,513,767.00 100.22
Sales Discounts and Allowances

 235,064.00 0.59      93,599.00 0.22
Sales

 39,191,110.00 100.00      42,420,168.00 100.00
Operating Income

 39,191,110.00 100.00      42,420,168.00 100.00
Operating Costs

 33,077,959.00 84.40      33,168,673.00 78.19
Gross Profit (Loss) from Operations

 6,113,151.00 15.59      9,251,495.00 21.80
Selling Expense

 370,726.00 0.94      272,641.00 0.64
General and Administrative Expenses

 1,059,859.00 2.70      669,748.00 1.57
Research and Development Expenses

 1,335,707.00 3.40      1,065,502.00 2.51
Operating Expenses

 2,766,292.00 7.05      2,007,891.00 4.73
Operating Income (Loss)

 3,346,859.00 8.53      7,243,604.00 17.07
Non-Operating I ncome

        



      Interest Income

 93,796.00 0.23 70,500.00 0.16
      Investment Income

 77,521.00 0.19 0.00 0.00
      Gains on Sale of Investments

 0.00 0.00 34,213.00 0.08
      Gains on Exchange

 41,263.00 0.10 0.00 0.00
      Gains on Market Price Recovery of Short-Term

        
  118,499.00 0.30 0.00 0.00
Investments        
      Miscellaneous Income

 95,904.00 0.24 39,940.00 0.09
            Non operating revenues and gains

 426,983.00 1.08 144,653.00 0.34
   Non-Operating Expenses

        
      Interest Expense

 432,233.00 1.10 658,040.00 1.55
         losses on equity method investments

 0.00 0.00 122,439.00 0.28
         other investments losses

 0.00 0.00 523,743.00 1.23
      Investment Losses

 0.00 0.00 646,182.00 1.52
      Losses on Sale of Investments

 117,688.00 0.30 0.00 0.00
      Losses on Exchange

 0.00 0.00 143,105.00 0.33
      Miscellaneous Disbursements

 119,082.00 0.30 10,964.00 0.02
            Non operating expenses and losses

 669,003.00 1.70 1,458,291.00 3.43
   Income from Continuing Operations before Income Tax

 3,104,839.00 7.92 5,929,966.00 13.97
   income tax expense(benefit)

 0.00 0.00 28.00 0.00
   Income from Continuing Operations

 3,104,839.00 7.92 5,929,938.00 13.97
   Income (Loss) from Discontinued Operation

        
   Net Income (Loss)

 3,104,839.00 7.92 5,929,938.00 13.97
   Primary Earnings per Share

        
      Earnings per Share of Common stock

 0.73 0.00 1.81 0.00
   Full-diluted Earnings per Share

        
      Full-diluted Earnings per Share

 0.72 0.00 1.64 0.00