HTC 2007 Annual Report Download - page 97
Download and view the complete annual report
Please find page 97 of the 2007 HTC 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.-
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
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
 |
 |
AN OVERVIEW OFTHE COMPANY'S FINANCIAL STATUS
189188
The tax effects of deductible temporary differences and loss and tax credit carryforwards that gave rise to
deferred tax assets as of December 31, 2005, 2006 and 2007 were as follows:
2005 2006 2007
NT$ NT$ NT$ US$ (Note 3)
Temporary differences
Unrealized marketing expenses $ - $ 245,772 $ 757,691 $ 23,364
Provision for loss on decline in value of inventory 146,682 222,916 229,072 7,064
Unrealized royalties 459,556 942,097 1,009,848 31,139
Unrealized bad debt expense - - 16,072 496
Capitalized expense 39,571 31,936 39,628 1,222
Unrealized reserve for warranty expense 241,126 348,499 867,489 26,750
Unrealized valuation loss on financial instruments - 19,117 24,064 742
Unrealized foreign exchange loss, net 21,220 - - -
Other 16,348 27,770 40,296 1,242
Loss carryforwards - 7,868 25,293 780
Tax credit carryforwards 378,236 9,574 47,484 1,464
Total deferred tax assets 1,302,739 1,855,549 3,056,937 94,263
Less valuation allowance ( 796,976) ( 1,147,549) ( 2,026,939) ( 62,502)
Total deferred tax assets, net 505,763 708,000 1,029,998 31,761
Deferred tax liabilities
Unrealized pension cost ( 11,882) ( 18,505) ( 23,797) ( 734)
Unrealized valuation gain on financial instruments ( 15,021) - - -
Unrealized foreign exchange gain, net - ( 38,254) (43,035) ( 1,327)
478,860 651,241 963,166 29,700
Less current portion ( 229,826) ( 428,077) ( 570,992) ( 17,607)
Deferred tax assets - noncurrent $ 249,034 $ 223,164 $ 392,174 $ 12,093
VI
Provision for income tax for 2005, 2006 and 2007; and income tax payable, income tax refund receivables and
deferred tax assets as of December 31, 2005, 2006 and 2007 were as follows:
2005 2006
Income Tax Income Tax Deferred Tax Income Tax Income Tax Deferred Tax
Expense Payable Assets Expense (before) Payable Assets
NT$ NT$ NT$ NT$ NT$ NT$
High Tech Computer Corp. $ 373,995 $ 616,863 $ 478,860 $ 1,710,551 $ 1,758,717 $ 647,307
BandRich Inc - - - ( 3,934) - 3,934
HTEK 49 - - - - -
HTC America Inc. 2,112 - - 294 - -
Exedea Inc. - - - 1,464 - -
HTC EUROPE CO., LTD. 45 - - - - -
$ 376,201 $ 616,863 $ 478,860 $ 1,708,375 $ 1,758,717 $ 651,241
2007
Income Tax Income Tax Deferred Tax
Expense (Benefit) Payable Assets
NT$ US$ NT$ US$ NT$ US$
(Note 3) (Note 3) (Note 3)
High Tech Computer Corp. $ 3,212,435 $ 99,058 $ 2,514,394 $ 77,533 $ 942,110 $ 29,051
BandRich Inc. ( 5,892) ( 181) - - 9,826 303
Communication Global Certification Inc. 292 9 - - 2,286 71
HTC America Inc. 61,401 1,893 - - - -
Exedea Inc. 7,948 245 - - - -
HTC EUROPE CO., LTD. 31,082 959 29,705 916 - -
HTC NIPPON Corporation 489 15 90 3 - -
HTC BRASIL - - - - - -
HTC Belgium BAVA/SPRL 4,231 130 3,361 104 - -
HTC Singapore Pte. Ltd. 526 16 519 16 - -
HTC (H.K.) Limited 661 20 3,682 113 3,029 93
HTC (Australia and New Zealand) Pty. Ltd. 1,051 32 6,952 214 5,915 182
$ 3,314,224 $ 102,196 $ 2,558,703 $ 78,899 $ 963,166 $ 29,700
FINANCEI CONSOLIDATED REPORT
l