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Financial Information
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8 |
2008 Annual Report
3. 2008 SUPERVISOR'S REPORT
HTC Corporation Supervisor's Report
The Board of Directors has prepared the Company’s 2008 Business Report, Financial Statements and
Earnings Distribution Proposal. HTC Corporation’s Financial Statements have been audited and certified by
Ming-Hsien Yang, CPA, and Kwan-Chung Lai, CPA, of Deloitte & Touche and an audit report relating to the
Financial Statements has been issued. The Business Report, Financial Statements and Earnings Distribution
Proposal have been reviewed and considered to be complied with relevant rules by the undersigned, the
supervisor of HTC Corporation. According to Article 219 of the Company Law, I hereby submit this report.
HTC Corporation
Supervisor:
Po-Cheng Ko
Way-Chih Investment Co., Ltd.
Representative: Shao-Lun Lee
April 30, 2009
4. INDEPENDENT AUDITORS’ REPORT
The Board of Directors and Stockholders
HTC Corporation
We have audited the accompanying balance sheets of HTC Corporation (the “Company,” formerly High Tech
Computer Corporation) as of December 31, 2006, 2007 and 2008, and the related statements of income,
changes in stockholders’ equity, and cash flows for the years then ended, all expressed in New Taiwan dollars.
These financial statements are the responsibility of the Company’s management. Our responsibility is to
express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the Rules Governing the Audit of Financial Statements by Certified
Public Accountants and auditing standards generally accepted in the Republic of China. Those rules and
standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial
position of HTC Corporation as of December 31, 2006, 2007 and 2008, and the results of its operations and its
cash flows for the years then ended, in conformity with the Guidelines Governing the Preparation of Financial
Reports by Securities Issuers, requirements of the Business Accounting Law and Guidelines Governing
Business Accounting relevant to financial accounting standards, and accounting principles generally accepted
in the Republic of China.
As discussed in Note 4 to the financial statements, the Company adopted Interpretation 96-052 - “Accounting
for Bonuses to Employees, Directors and Supervisors” of the Accounting Research and Development
Foundation and also adopted early on January 1, 2008 the newly revised Statement of Financial Accounting
Standards No. 10 - “Accounting for Inventories.”
We have also audited the consolidated financial statements of HTC Corporation as of and for the years ended
December 31, 2006, 2007 and 2008 and have expressed a modified unqualified opinion on those financial
statements in our report dated January 17, 2009 (not presented herewith).
Our audits also comprehended the translation of the 2008 New Taiwan dollar amounts into U.S. dollar amounts
and, in our opinion, such translation has been made in conformity with the basis stated in Note 3. Such U.S.
dollar amounts are presented solely for the convenience of readers.
January 17, 2009
Notice to Readers
> The accompanying financial statements are intended only to present the financial position, results of operations and cash flows 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 financial statements are those generally accepted and applied in the Republic of China.
> The auditors’ report and the accompanying financial statements were originally presented in more than one set of Chinese repo rts. For the convenience
of readers, the auditors’ report and the accompanying financial statements have been translated into English from the original Chinese version prepared
and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the
interpretation of the two versions, the Chinese-language auditors’ report and financial statements shall prevail. Also, as stated in Note 2 to the financial
statements, the additional footnote disclosures that are not required under generally accepted accounting principles were not translated into English