Exhibit 99.1

STATS CHIPPAC LTD. AND SUBSIDIARIES

SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2004

In thousands of U.S. Dollars

									STATS
			STATS						ChipPAC			Guarantor			Non-Guarantor
			ChipPAC			ChipPAC			Korea			Subsidiaries			Subsidiaries			Eliminations			Consolidated
ASSETS
Current assets:
	Cash and cash equivalents		$	184,824		$	533		$	1,976		$	19,002		$	21,174		$	—		$	227,509
	Marketable securities			—			—			—			787			1,273			—			2,060
	Accounts receivable, net			66,875			—			—			70,444			12,331			—			149,650
	Amounts due from affiliates			250,479			194,605			13,002			66,326			3,719			(525,508	)		2,623
	Other receivables			8,022			70			7,620			863			238			—			16,813
	Inventories			19,916			—			23,868			4,572			6,334			—			54,690
	Prepaid expenses and other assets			32,971			1,525			273			740			3,327			—			38,836
		Total current assets		563,087			196,733			46,739			162,734			48,396			(525,508	)		492,181
Marketable securities				18,097			—			—			—			24			—			18,121
Prepaid expenses				7,072			—			5,224			—			—			—			12,296
Property, plant and equipment, net				391,523			4,912			199,234			176,780			263,530			(176	)		1,035,803
Investment in subsidiaries				750,620			—			—			—			—			(750,620	)		—
Intangible assets				1,398			2,802			1,816			118,358			1,456			—			125,830
Goodwill				—			—			312,758			102,591			106,040			2,209			523,598
Other assets				34,614			487			23,018			184			5,570			—			63,873
		Total assets	$	1,766,411		$	204,934		$	588,789		$	560,647		$	425,016		$	(1,274,095	)	$	2,271,702
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
	Accounts payable		$	7,957		$	2,314		$	41,448		$	2,148		$	14,714		$	(8	)	$	68,573
	Payables related to property, plant and equipment purchases			20,028			4			9,610			8,268			13,728			—			51,638
	Accrued operating expenses			36,773			8,307			4,382			6,953			7,484			—			63,899
	Income taxes payable			—			13			1,555			450			20			—			2,038
	Short-term borrowings			—			—			19,874			—			—			—			19,874
	Amounts due to affiliates			4,941			173			50,205			437,110			33,216			(525,508	)		137
	Current obligations under capital leases			805			—			6,782			—			—			—			7,587
	Current installments of long-term debt			137,107			—			—			—			17,300			—			154,407
		Total current liabilities		207,611			10,811			133,856			454,929			86,462			(525,516	)		368,153
Obligations under capital leases, excluding current installments				—			—			10,771			—			—			—			10,771
Long-term debt, excluding current installments				399,182			200,000			—			—			42,993			—			642,175
Other non-current liabilities				268			—			35,792			10,189			4,113			—			50,362
		Total liabilities		607,061			210,811			180,419			465,118			133,568			(525,516	)		1,071,461
Minority interest				—			—			—			—			—			40,891			40,891
Issued shares				298,233			991			—			—			81,535			(82,526	)		298,233
Additional paid-in capital				1,507,854			291,795			614,115			429,405			353,997			(1,689,554	)		1,507,612
Accumulated other comprehensive loss				(2,860	)		(5,993	)		12,492			—			4,417			(10,916	)		(2,860	)
Accumulated earnings (deficit)				(643,877	)		(292,670	)		(218,237	)		(333,876	)		(148,501	)		993,526			(643,635	)
		Total shareholders’ equity		1,159,350			(5,877	)		408,370			95,529			291,448			(789,470	)		1,159,350
		Total liabilities and shareholder’s equity	$	1,766,411		$	204,934		$	588,789		$	560,647		$	425,016		$	(1,274,095	)	$	2,271,702

STATS CHIPPAC LTD. AND SUBSIDIARIES

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 31, 2004

In thousands of U.S. Dollars

									STATS
			STATS						ChipPAC			Guarantor			Non-Guarantor
			ChipPAC			ChipPAC			Korea			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net revenues			$	462,697		$	9,703		$	148,382		$	259,785		$	83,382		$	(194,828	)	$	769,121
Cost of revenues				(390,673	)		(203	)		(130,630	)		(243,295	)		(73,690	)		194,951			(643,540	)
Gross profit (loss)				72,024			9,500			17,752			16,490			9,692			123			125,581
Operating expenses:
	Selling, general and administrative			42,877			7,682			3,271			25,862			5,273			—			84,965
	Research and development			10,811			1,047			2,933			1,952			894			—			17,637
	Goodwill impairment			—			—			271,734			89,135			92,131			—			453,000
	Other general expenses (income), net			(618	)		121			—			33			(44	)		44			(464	)
		Total operating expenses		53,070			8,850			277,938			116,982			98,254			44			555,138
Operating income (loss)				18,954			650			(260,186	)		(100,492	)		(88,562	)		79			(429,557	)
Other income (expense), net:
	Interest income			7,774			9			59			3,596			123			(7,131	)		4,430
	Interest expense			(19,173	)		(2,875	)		(1,399	)		(10,944	)		(1,556	)		7,131			(28,816	)
	Foreign currency exchange gain (loss)			(206	)		—			(1,915	)		881			118			—			(1,122	)
	Equity income (loss) from investment in subsidiaries			(472,535	)		(67,882	)		—			(87,677	)		—			628,094			—
Other non-operating income, net				(675	)		12			11			(542	)		258			—			(936	)
Total other income (expense), net				(484,815	)		(70,736	)		(3,244	)		(94,686	)		(1,057	)		628,094			(26,444	)
Income (loss) before income taxes				(465,861	)		(70,086	)		(263,430	)		(195,178	)		(89,619	)		628,173			(456,001	)
Income tax benefit (expense)				(1,862	)		(14	)		(6,500	)		(515	)		997			—			(7,894	)
Loss before minority interest				(467,723	)		(70,100	)		(269,930	)		(195,693	)		(88,622	)		628,173			(463,895	)
Minority interest				—			—			—			—			—			(3,828	)		(3,828	)
Net income (loss)			$	(467,723	)	$	(70,100	)	$	(269,930	)	$	(195,693	)	$	(88,622	)	$	624,345		$	(467,723	)

STATS CHIPPAC LTD. AND SUBSIDIARIES

SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2004

In thousands of U.S. Dollars

							STATS						Non-
	STATS						ChipPAC			Guarantor			Guarantor
	ChipPAC			ChipPAC			Korea			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash Flows From Operating Activities
Net income (loss)	$	(467,723	)	$	(70,100	)	$	(269,930	)	$	(195,693	)	$	(88,622	)	$	624,345		$	(467,723	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		104,141			628			17,008			37,312			29,638			(44	)		188,683
Goodwill impairment		—			—			271,734			89,135			92,131			—			453,000
Amortization of leasing prepayments		25,718			—			—			—			—			—			25,718
Debt issuance cost amortization		1,741			—			—			—			172			—			1,913
Loss (gain) on sale of property, plant and equipment		(631	)		—			—			5			(30	)		—			(656	)
Accretion of discount on convertible notes		11,923			—			—			(486	)		—			—			11,437
Loss from early debt extinguishment		266			—			—			531			—			—			797
Foreign currency exchange loss (gain)		(516	)		—			—			—			(314	)		—			(830	)
Deferred income taxes		9,145			—			6,204			461			(805	)		—			15,005
Minority interest in income (loss) of subsidiary		—			—			—			—			—			3,828			3,828
Equity loss from investment in subsidiaries		472,535			67,882			—			87,677			—			(628,094	)		—
(Gain) loss on sale and maturity of marketable securities		503			—			—			—			34			—			537
Others		1,162			127			—			(193	)		(32	)		(35	)		1,029
Changes in operating working capital:
Accounts receivable		3,670			—			—			8,789			(4,310	)		—			8,149
Amounts due from affiliates		(242,237	)		26,486			(1,171	)		6,976			15,986			198,387			4,427
Inventories		(77	)		—			(632	)		(314	)		(148	)		—			(1,171	)
Other receivables, prepaid expenses and other assets		(64,078	)		(1,442	)		(2,459	)		2,683			875			—			(64,421	)
Accounts payable, accrued operating expenses and other payables		(2,709	)		(23,934	)		3,506			(14,644	)		(3,625	)		—			(41,406	)
Amounts due to affiliates		(2,918	)		(85	)		94			191,182			8,415			(198,387	)		(1,699	)
Net cash provided by operating activities	$	(150,085	)	$	(438	)	$	24,354		$	213,421		$	49,365		$	—		$	136,617
Cash Flows From Investing Activities
Proceeds from sales of marketable securities	$	101,323		$	—		$	—		$	—		$	29,174		$	—		$	130,497
Proceeds from maturity of marketable securities		46,687			—			—			—			—			—			46,687
Purchases of marketable securities		(137,124	)		—			—			222			(24,041	)		—			(160,943	)
Acquisition of intangible assets		—			(399	)		(45	)		(510	)		(474	)		—			(1,428	)
Acquisition of subsidiary, net of cash acquired		(14,049	)		—			—			—			4,680			16,577			7,208
Purchases of property, plant and equipment		(172,320	)		(1,090	)		(35,893	)		(24,434	)		(81,225	)		27,388			(287,574	)
Others, net		20,926			33			133			3,011			4,014			(27,388	)		729
Net cash used in investing activities	$	(154,557	)	$	(1,456	)	$	(35,805	)	$	(21,711	)	$	(67,872	)	$	16,577		$	(264,824	)
Cash Flows From Financing Activities
Repayment of short-term debt	$	(50,000	)	$	—		$	—		$	—		$	(22,006	)	$	—		$	(72,006	)
Repayment of long-term debt		—			—			—			—			(8,982	)		—			(8,982	)
Proceeds from issuance of shares, net of expenses		1,968			—			—			—			—			—			1,968
Proceeds from issuance of convertible and senior notes, net of expenses		210,458			—			—			—			—			—			210,458
Repurchase of senior and convertible notes		(18,083	)		—			—			(175,564	)		—			—			(193,647	)
Proceeds from bank borrowings		50,000			—			8,016			—			49,604			—			107,620
Decrease in restricted cash		—			—			—			—			2,927			—			2,927
Capital lease payments		(2,042	)		—			(1,727	)		(2,663	)		(778	)		—			(7,210	)
Net cash provided by (used in) financing activities	$	192,301		$	—		$	6,289		$	(178,227	)	$	20,765		$	—		$	41,128
Net decrease in cash and cash equivalents	$	(112,341	)	$	(1,894	)	$	(5,162	)	$	13,483		$	2,258		$	16,577		$	(87,079	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			—			1,425			—			1,425
Cash and cash equivalents at beginning of the year/period		297,165			2,427			7,138			5,519			17,491			(16,577	)		313,163
Cash and cash equivalents at end of the year	$	184,824		$	533		$	1,976		$	19,002		$	21,174		$	—		$	227,509