HTC 2007 Annual Report Download - page 74

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143142
AN OVERVIEW OFTHE COMPANY'S FINANCIAL STATUS
> S
a
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e
s
a
nd S
e
rv
i
c
e
s Prov
i
d
e
d
2005 2006 2007
Related Party Amount % to Total Revenues Amount % to Total Revenues Amount % to Total Revenues
NT$ NT$ NT$ US$(Note 3)
HTC America Inc. $ 233,757 - $ 953,579 1 $ 1,094,791 $ 33,759 1
HTC Europe Co., Ltd. 263,779 1 389,302 - 687,451 21,198 1
Exedea Inc. - - 2,080,052 2 191,897 $ 5,917 -
BandRich Inc. - - - - 116,693 3,598 -
First International Computer, Inc. (FIC) - - - - 55,408 1,708 -
Xander International Corp. - - - - 39,893 1,230 -
Comserve Network Netherlands B.V. 72,168 - - - 37,587 1,159 -
Others 3,262 - 2,157 - 10,981 339 -
$ 572,966 1 $ 3,425,090 3 $ 2,234,701 $ 68,908 2
•
S
elling prices and ter
m
s of pay
m
ent for both related and third parties were si
m
ilar, except those for
H
TC A
m
erica Inc.,
H
TC Europe
Co.,
L
td. and Exedea Inc.
> No
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nd A
cc
oun
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s R
e
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e
i
v
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b
l
e
December 31
2005 2006 2007
% to Total Notes and % to Total Notes and % to Total Notes and
Related Party Amount Accounts Receivable Amount Accounts Receivable Amount Accounts Receivable
NT$ NT$ NT$ US$(Note 3)
Accounts receivable
HTC America Inc. $ 171,177 1 $ 444,099 2 $ 273,472 $ 8,433 2
HTC Europe Co., Ltd. 247,885 2 263,376 1 248,903 7,675 1
Exedea Inc. - - 603,021 3 - - -
Others 1,718 - 1,294 - 14,500 447 -
$ 420,780 3 $ 1,311,790 6 $ 536,875 $ 16,555 3
> No
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e
s
a
nd A
cc
oun
t
s P
a
y
a
b
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e
December 31
2005 2006 2007
% to Total Notes and % to Total Notes and % to Total Notes and
Related Party Amount Accounts Payable Amount Accounts Payable Amount Accounts Payable
NT$ NT$ NT$ US$(Note 3)
High Tech Computer Corp. (Suzhou) $ - - $ 13,560 - $ 28,386 $ 875 -
Chander Electronics Corp. 55,804 - - - - - -
Others 494 - 494 - 1,015 32 -
$ 56,298 - $ 14,054 - $ 29,401 $ 907 -
VI
26. RELATED-PARTY TRANSACTIONS
The related parties were as follows:
Related Party Relationship with the Company
First International Computer, Inc. (FIC) Chairman is an immediate relative of the Company's chairman
Xander International Corp. Chairman is an immediate relative of the Company's chairman
Comserve Network Netherlands B.V. Main director is an immediate relative of the Company's chairman
VIA Technologies, Inc. Same chairman
Chander Electronics Corp. Same chairman
H.T.C. (B.V.I.) Corp. Subsidiary
HTC HK , Limited. Subsidiary
BandRich Inc. Subsidiary
Communication Global Certification Inc. Subsidiary
HTC Asia Pacific Pte. Ltd. Subsidiary
HTEK Subsidiary of H.T.C. (B.V.I.) Corp.
HTC America Inc. (formerly HTC USA Inc. until August 2, 2006) Subsidiary of H.T.C. (B.V.I.) Corp.
HTC Europe Co., Ltd. Subsidiary of H.T.C. (B.V.I.) Corp. Exedea Inc. Subsidiary of H.T.C. (B.V.I.) Corp.
HTC Nippon Corporation Subsidiary of H.T.C. (B.V.I.) Corp.
High Tech Computer Corp. (Suzhou) Subsidiary of H.T.C. (B.V.I.) Corp.
High Tech Computer Corp. (WGQ) Subsidiary of H.T.C. (B.V.I.) Corp.
HTC Belgium BVBA/SPRL Subsidiary of HTC HK, Limited.
HTC Singapore Pte. Ltd. Subsidiary of HTC Asia Pacific Pte. Ltd.
HTC (H.K.) Limited Subsidiary of HTC Asia Pacific Pte. Ltd.
HTC (Australia and New Zealand) Pty. Ltd. Subsidiary of HTC Asia Pacific Pte. Ltd.
Major transactions with related parties are summarized below:
> Pur
c
h
a
s
e
s o
f
Inv
e
n
t
or
i
e
s
a
nd S
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2005 2006 2007
% to Total Net % to Total Net % to Total Net
Related Party Amount Purchases Amount Purchases Amount Purchases
NT$ NT$ NT$ US$(Note 3)
High Tech Computer Corp. (Suzhou) $ - - $ 16,069 - $ 160,399 $ 4,946 -
BandRich Inc. - - - - 104 3 -
Chander Electronics Corp. $ 588,024 1 $ 72,290 - $ - $ - -
$ 588,024 1 $ 88,359 - $ 160,503 $ 4,949 -
•Ter
m
s of pay
m
ent and purchasing prices for both related and third parties were si
m
ilar.
FINANCEI INDEPENDENT AUDITORS' REPORT
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