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107106
AN OVERVIEW OFTHE COMPANY'S FINANCIAL STATUS
VI
H I G H T E C H C O M P U T E R C O R P.
STATEMENTS O
F
CHANGES IN STOCKHOLDERS' EQUITY
YEARS ENDED DECEMBER 31, 2005, 2006 AND 2007
(In Thousands)
Capital Stock Capital Surplus Retained Earnings
Issued and Share Additional Long-Term Cumulative Unrealized Loss
Outstanding Subscriptions Paid-in Capital Equity From Legal Special Unappropriated Translation on Financial Treasury
New Taiwan Dollars Common Stock Received in Advance -Common Stock Investments Merger Reserve Reserve Earnings Adjustments Instruments Stock Total
BALANCE, JANUARY 1, 2005 $ 2,714,276 $48,838 $ 3,064,356 $ - $ 25,972 $ 427,791 $ 1,983 $ 5,105,339 $ ( 17,865) $ ( 1,268) $ - $ 11,369,422
Appropriation of the 2004 net earnings
Legal reserve - - - - - 385,535 - ( 385,535) - - - -
Special reserve - - - - - - 17,150 ( 17,150) - - - -
Stock dividends 577,527 - - - - - - ( 577,527) - - - -
Transfer of employee bonuses to common stock 105,000 - - - - - - ( 105,000) - - - -
Employee bonuses - - - - - - - ( 206,000) - - - ( 206,000)
Cash dividends - - - - - - - ( 1,443,816) - - - ( 1,443,816)
Net income in 2005 - - - - - - - 11,781,944 - - - 11,781,944
Translation adjustments on long-term equity investments - - - - - - - - 12,824 - - 12,824
Unrealized gain on financial instruments - - - - - - - - - 133 - 133
Share subscriptions received in advance and transferred to common stocks 48,838 ( 48,838) - - - - - - - - - -
Convertible bonds converted to common stocks 124,519 - 1,346,515 - - - - - - - - 1,471,034
BALANCE, DECEMBER 31, 2005 3,570,160 - 4,410,871 - 25,972 813,326 19,133 14,152,255 ( 5,041) ( 1,135) - 22,985,541
Adjustments due to accounting changes (Note 4) - - - - - - - - - 48 - 48
Appropriation of the 2005 net earnings
Legal reserve - - - - - 1,178,194 - ( 1,178,194) - - - -
Special reserve - - - - - - ( 12,958) 12,958 - - - -
Stock dividends 714,032 - - - - - - ( 714,032) - - - -
Transfer of employee bonuses to common stock 80,000 - - - - - - ( 80,000) - - - -
Employee bonuses - - - - - - - ( 451,000) - - - ( 451,000)
Cash dividends - - - - - - - ( 4,998,224) - - - ( 4,998,224)
Net income in 2006 - - - - - - - 25,247,327 - - - 25,247,327
Translation adjustments on long-term equity investments - - - - - - - - 15,827 - - 15,827
Unrealized gain on financial instruments - - - - - - - - - 849 - 849
Adjustment due to changes in ownership percentage in investees - - - 15,845 - - - - - - - 15,845
Purchase of treasury stock - - - - - - - - - - ( 243,995) ( 243,995)
BALANCE, DECEMBER 31, 2006 4,364,192 - 4,410,871 15,845 25,972 1,991,520 6,175 31,991,090 10,786 ( 238) ( 243,995) 42,572,218
Appropriation of the 2006 net earnings
Legal reserve - - - - - 2,524,733 - ( 2,524,733) - - - -
Special reserve - - - - - - ( 6,175) 6,175 - - - -
Stock dividends 1,298,385 - - - - - - ( 1,298,385) - - - -
Transfer of employee bonuses to common stock 105,000 - - - - - - ( 105,000) - - - -
Employee bonuses - - - - - - - ( 2,000,000) - - - ( 2,000,000)
Cash dividends - - - - - - - ( 11,685,470) - - - ( 11,685,470)
Net income in 2007 - - - - - - - 28,938,862 - - - 28,938,862
Translation adjustments on long-term equity investments - - - - - - - - ( 1,122) - - ( 1,122)
Unrealized loss on financial instruments - - - - - - - - - ( 949) - ( 949)
Purchase of treasury stock - - - - - - - - - - ( 1,747,760) ( 1,747,760)
Retirement of treasury stock ( 36,240) - ( 36,627) - ( 216) - - ( 1,918,672) - - 1,991,755 -
BALANCE, DECEMBER 31, 2007 $ 5,731,337 $ - $ 4,374,244 $ 15,845 $ 25,756 $4,516,253 $ - $ 41,403,867 $ 9,664 $ ( 1,187) $ - $ 56,075,779
BALANCE, JANUARY 1, 2007 $ 134,573 $ - $ 136,012 $ 489 $ 801 $ 61,410 $ 190 $ 986,466 $ 333 $ ( 7) $ (7,524) $ 1,312,743
US Dollars
Appropriation of the 2005 net earnings
Legal reserve - - - - - 77,852 - ( 77,852) - - - -
Special reserve - - - - - - ( 190) 190 - - - -
Stock dividends 40,036 - - - - - - ( 40,036) - - - -
Transfer of employee bonuses to common stock 3,238 - - - - - - ( 3,238) - - - -
Employee bonuses - - - - - - - ( 61,671) - - - ( 61,671)
Cash dividends - - - - - - - ( 360,329) - - - ( 360,329)
Net income in 2006 - - - - - - - 892,348 - - - 892,348
Translation adjustments on long-term equity investments - - - - - - - - ( 35) - - ( 35)
Unrealized loss on financial instruments - - - - - - - - - ( 30) - ( 30)
Purchase of treasury stock - - - - - - - - - - ( 53,893) ( 53,893)
Retirement of treasury stock ( 1,118) - ( 1,129) - ( 7) - - ( 59,163) - - 61,417 -
BALANCE, DECEMBER 31, 2007 $ 176,729 $ - $ 134,883 $ 489 $ 794 $ 139,262 $ - $ 1,276,715 $ 298 $ ( 37) $ - $ 1,729,133
The acco
m
panying notes are an integral part of the financial state
m
ents.