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Financial Information
| 57
56 |
2008 Annual Report
29.SEGMENT INFORMATION
Industry Type
The Company mainly manufactures and sells smart handheld devices.
Foreign Operations
The Company does not have any foreign operations.
Export Sales
Export sales in 2006, 2007 and 2008 were as follows:
2006
2007
2008
NT$
NT$
NT$
US$
(Note 3)
Asia
$
6,317,593
$
11,679,026
$
22,520,501
$
686,601
America
49,644,601
49,815,760
54,981,628
1,676,269
Europe
38,917,132
47,040,613
60,022,831
1,829,964
Others
6,771,781
7,770,334
11,401,069
347,594
$
101,651,107
$
116,305,733
$
148,926,029
$
4,540,428
Major Customers
Sales to major customers were as follows:
2006
2007
2008
Customer
NT$
NT$
NT$
US$
(Note 3)
A
$
13,328,177
$
19,633,294
$
26,866,585
$
819,103
B
12,304,976
15,901,462
21,631,630
659,501
C
10,335,852
12,592,382
21,371,515
651,571
D
17,738,373
16,931,462
4,414,395
134,585
$
53,707,378
$
65,058,600
$
74,284,125
$
2,264,760
5. CONSOLIDATED REPORT
The Board of Directors and Stockholders
HTC Corporation
We have audited the accompanying consolidated
balance sheets of HTC Corporation (formerly High
Tech Computer Corporation) and subsidiaries
(collectively, the “Company”) as of December 31, 2006,
2007 and 2008, and the related consolidated
statements of income, changes in stockholders’ equity
and cash flows for the years then ended, all expressed
in New Taiwan dollars. These consolidated financial
statements are the responsibility of the Company’s
management. Our responsibility is to express an
opinion on these consolidated 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 consolidated financial
statements referred to above present fairly, in
all material respects, the consolidated
financial position of HTC Corporation and
subsidiaries as of December31, 2006, 2007
and 2008, and the results of their operations
and their cash flows for the years then ended,
in conformity with the Guidelines Governing
the Preparation of Financial Reports by
Securities Issuers, 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.”
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 consolidated 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 consolidated
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 reports. For the convenience of readers, the auditors’
report and the accompanying consolidated 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 consolidated financial statements shall prevail. Also, as stated in Note 2 to the consolidated financial statements, the additional footnote disclosures that are not required
under generally accepted accounting principles were not translated into English.