Acer 2009 Annual Report Download - page 32

Independent Auditors’ Report
The Board of Directors
Acer Incorporated:
We have audited the accompanying consolidated balance sheets of Acer Incorporated (the “Company”) and subsidiaries
as of December 31, 2008 and 2009, and the related consolidated statements of income, changes in stockholders’ equity,
and cash ows for the years then ended. These consolidated nancial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these nancial statements based on our audits.
We conducted our audits in accordance with the “Regulations Governing Auditing and Certification of Financial
Statements by Certied Public Accountants” and auditing standards generally accepted in the Republic of China. Those
regulations and standards require that we plan and perform the audit to obtain reasonable assurance about whether the
nancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the nancial statements. An audit also includes assessing the accounting principles used
and signicant estimates made by management, as well as evaluating the overall nancial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to in the first paragraph present fairly, in all material
respects, the financial position of Acer Incorporated and subsidiaries as of December 31, 2008 and 2009, and the
results of their consolidated operations and their consolidated cash ows for the years then ended, in conformity with
accounting principles generally accepted in the Republic of China.
As discussed in note 3 to the consolidated nancial statements, effective on January 1, 2008, Acer Incorporated and
subsidiaries recognized, measured and disclosed employee bonuses and directors’ and supervisors’ remunerations
according to Interpretation (2007) 052 issued by the Accounting Research and Development Foundation of the Republic
of China. The changes in accounting principle decreased the consolidated net income and basic earnings per share for
the year ended December 31, 2008, by NT$1,483,776 thousand and NT$0.59, respectively.
The consolidated financial statements as of and for the year ended December 31, 2009, have been translated into
United States dollars solely for the convenience of the readers. We have audited the translation, and in our opinion, the
consolidated nancial statements expressed in New Taiwan dollars have been translated into United States dollars on the
basis set forth in note 2(26) to the consolidated nancial statements.
Taipei, Taiwan (the Republic of China)
March 19, 2010
Note to Readers
The accompanying consolidated nancial statements are intended only to present the nancial position, results of operations and cash
ows in accordance with accounting principles and practices generally accepted in the Republic of China and not those of any other
jurisdictions. The standards, procedures and practices to audit such consolidated nancial statements are those generally accepted
and applied in the Republic of China.
ACER INCORPORATED AND SUBSIDIARIES
Consolidated Balance Sheets
December 31, 2008 and 2009
(Expressed in thousands of New Taiwan dollars and US dollars)
Assets 2008 2009
NT$ NT$ US$
Current assets:
Cash and cash equivalents (note 4(1)) 22,141,725 53,616,067 1,673,933
Notes and accounts receivable, net of allowance for doubtful accounts of NT$1,681,844 and
NT$2,356,672 as of December 31, 2009 and 2008, respectively (note 4(2)) 107,826,311 111,858,366 3,492,300
Notes and accounts receivable from related parties (note 5) 841,465 600,306 18,742
Other receivable from related parties (note 5) 45,173 21,507 671
Other receivables (note 4(3)) 8,807,454 9,263,152 289,202
Financial assets at fair value through prot or loss ‒ current (notes 4(4) and 4(24)) 354,751 157,659 4,922
Available-for-sale nancial assets ‒ current (notes 4(6) and 4(24)) 591,444 223,437 6,976
Hedging purpose derivative nancial assets ‒ current (notes 4(6) and 4(24)) 1,022,782 1,275,157 39,811
Inventories (note 4(7)) 40,028,195 51,184,953 1,598,032
Prepayments and other current assets 1,525,555 1,694,058 52,890
Deferred income tax assets ‒ current (note 4(18)) 2,282,943 2,213,215 69,098
Restricted deposits (note 6) 922,794 - -
Total current assets 186,390,592 232,107,877 7,246,577
Long-term investments:
Investments accounted for using equity method (note 4(9)) 2,928,790 3,314,950 103,495
Available-for-sale nancial assets ‒ noncurrent (notes 4(10) and 4(24)) 1,160,487 3,306,742 103,239
Financial assets carried at cost (notes 4(8) and 4(24)) 2,684,270 2,251,058 70,280
Total long-term investments 6,773,547 8,872,750 277,014
Property, plant and equipment (notes 4(11) and 6):
Land 2,678,408 2,509,029 78,334
Buildings and improvements 5,294,056 5,386,921 168,184
Computer equipment and machinery 3,348,086 3,059,222 95,511
Transportation equipment 120,069 110,866 3,461
Ofce equipment 1,128,167 977,582 30,521
Leasehold improvements 816,904 959,257 29,948
Other equipment 1,136,428 1,171,560 36,577
Construction in progress and advance payments for purchases of property and equipment 30,692 83,680 2,612
14,552,810 14,258,117 445,148
Less: accumulated depreciation (4,922,662) (4,904,235) (153,114)
accumulated impairment (293,927) (677,709) (21,158)
Net property, plant and equipment 9,336,221 8,676,173 270,876
Intangible assets (note 4(13)) 34,746,765 35,444,068 1,106,590
Property not used in operation (note 4(12)) 2,996,721 2,971,542 92,774
Other nancial assets (notes 4(14), 4(24) and 6) 868,760 789,711 24,655
Deferred charges and other assets (notes 4(17) and 4(18)) 2,329,619 2,162,567 67,517
Total assets
243,442,225 291,024,688 9,086,003
Acer Incorporated 2009 Annual Report
58.
Acer Incorporated 2009 Annual Report
59. Financial Standing