Acer 2008 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2008 Acer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 65

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65

Acer Incorporated 2008 Annual Report88
Financial Standing
Acer Incorporated 2008 Annual Report 89
(9) Financial assets carried at cost ‒ noncurrent
December 31, 2007 December 31, 2008
NT$ NT$ US$
Privately held stock:
National Securities Corp. 12,188 - -
Prosperity Venture Capital Corp. 28,000 21,000 640
Sheng-Hua Venture Capital Corp. 30,000 20,000 609
Legend Technology 27,205 15,235 464
W.I. Harper International Corp. 20,650 15,050 459
Megic Corp. 647 - -
InCOMM Technologies Co., Ltd. 2,360 2,360 72
IP Fund II 32,400 32,400 987
Dragon Investment Co. Ltd. 323,000 217,000 6,612
World Venture, Inc. 300,000 262,000 7,983
iD Reengineering Inc. 199,900 174,900 5,329
HiTRUST. COM Inc. 90,818 - -
DYNA Fund II 23,459 23,736 723
IP Fund III 195,161 131,862 4,018
iD5 Fund LTP 73,879 74,751 2,278
IP Cathay One, L.P. 194,610 295,362 9,000
IP Fund One L.P. 1,274,713 907,431 27,650
MPC Corporation 231,100 - -
New Century Infocomm Tech Co., Ltd. - 341,663 10,411
Apacer Technology Inc. - 45,340 1,382
Other 82,031 104,180 3,176
3,142,121 2,684,270 81,793
In 2007 and 2008, the Consolidated Companies increased their investments in IP Cathay L.P. and other
investees in the amount of NT$217,140 and NT$97,876, respectively. The Consolidated Companies
also increased their investments in New Century Infocomm Tech and other investees in the amount of
NT$359,759 through the acquisition of E-Ten Information System Co., Ltd. in 2008. Additionally, in 2007,
the Consolidated Companies sold portions of their investments in TFNC, InCOMM Technologies and other
investees, resulting in an aggregate gain on disposal of investment of NT$44,593. In 2008, the Consolidated
Companies sold portions of their investments in Apacer Technology Inc. and other investees, realizing an
aggregate disposal gain of NT$80,462.
The Consolidated Companies recognized impairment losses on Dragon Investment Co. Ltd., iD Reengineering
Inc., MPC Corp. and other nancial assets carried at cost. The impaired amount of NT$409,141 for the year
ended December 31, 2008, was recorded as “other investment losses” in the accompanying consolidated
statements of income.
(10) Equity-method investments
December 31, 2007 2007
Percentage of
ownership Book value
Investment
income (loss)
%NT$ NT$
Wistron Corporation (“Wistron”) 9.13 2,987,685 668,653
e-Life Mall Corp. 21.82 682,475 116,160
The Eslite Bookstore 18.62 395,411 34,465
Apacer Technology Inc. 34.40 313,410 (141,642)
Aegis Semiconductor Technology Inc. (“Apacer”) 44.03 165,235 -
ECOM Software Inc. 33.93 50,830 10,798
Bluechip Infotech Pty Ltd. 33.41 77,811 11,698
HiTRUST.COM Inc. (“HiTRUST.COM”) - - 122,012
Other 24,843 (22,892)
Deferred credits (8,016) 27,009
4,689,684 826,261
Less: Allocation of corporate expense (130,601)
695,660
December 31, 2008 2008
Percentage of
ownership Book value
Investment
income (loss)
%NT$ NT$
Wistron Corporation 4.92 1,814,166 471,792
E-Life Mall Corp. 14.27 442,291 70,763
The Eslite Bookstore 18.62 304,361 (72,508)
Apacer Technology Inc. - - (18,962)
Aegis Semiconductor Technology Inc. 44.03 165,235 -
ECOM Software Inc. 33.93 36,771 4,565
Bluechip Infotech Pty Ltd. 33.41 57,361 1,125
FuHu, Inc. 9.00 72,518 (987)
Other - 36,087 1,994
Deferred credits - 12,896
2,928,790 470,678
Less: Allocation of corporate expense (66,494)
404,184
Deferred credits of long-term equity investments represent the unamortized balance of deferred gains and
losses derived from the sale of equity investment among the afliated companies.
In 2008, the Consolidated Companies acquired investment in FuHu, Inc. in the amount of NT$73,841.