HTC 2009 Annual Report Download - page 86

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% of Ownership
Investor Investee Main Businesses 2008 2009 Remark
HTC Corporation H.T.C. (B.V.I.) Corp. Global investing activities 100.00 100.00 Incorporated in August 2000
BandRich Inc. Design, manufacture and sale of electronic devices 50.66 50.66 Incorporated in April 2006
HTC HK, Limited Global investing activities 100.00 -Incorporated in August 2006, and
transferred out for the reorganization in
December 2009
Communication Global Certification Inc. Testing and certification services 100.00 100.00 Invested in January 2007
High Tech Computer Asia Pacific Pte. Ltd. Global investing activities 100.00 100.00 Incorporated in July 2007
HTC Investment Corporation General investing activities 100.00 100.00 Incorporated in July 2008
PT. High Tech Computer Indonesia Marketing, distribution and after-sales service 1.00 1.00 Incorporated in December 2007
HTC I Investment Corporation General investing activities -
100.00 Incorporated in September 2009
HTC Holding Cooperatief U.A. Marketing - 1.00 Incorporated in October 2009
H.T.C. (B.V.I.) Corp. HTC America Inc. Marketing, repair and after-sales services 100.00 -Incorporated in January 2003, and
transferred out for the reorganization in
November 2009
HTC EUROPE CO., LTD. ˥100.00 100.00 Incorporated in July 2003
High Tech Computer Corp. (Suzhou) Manufacture and sale of smart handheld devices 100.00 100.00 Incorporated in January 2003
Exedea Inc. Distribution and sales 100.00 100.00 Incorporated in December 2004 and
invested in July 2005
HTC NIPPON Corporation Marketing, distribution and after-sales service 100.00 100.00 Incorporated in March 2006
HTC BRASIL ˥99.99 99.99 Incorporated in October 2006
HTC Corporation (Shanghai WGQ) (formerly
High Tech Computer Corp. (WGQ) until
December 2008)
Repair and after-sales service 100.00 -Incorporated in July 2007, and transferred
out for the reorganization in December
2009
One & Company Design, Inc. Design, research and development of application software 100.00 -Invested in October 2008, and transferred
out for the reorganization in November
2009
High Tech Computer
Asia Pacific Pte. Ltd.
High Tech Computer Singapore Pte. Ltd. Marketing, distribution and after-sales service 100.00 100.00 Incorporated in July 2007
High Tech Computer (H.K.) Limited ˥100.00 100.00 Incorporated in August 2007
HTC (Australia and New Zealand) Pty. Ltd. ˥100.00 100.00 Incorporated in August 2007
HTC Philippines Corporation Marketing, distribution and after-sales service 99.99 99.99 Incorporated in December 2007
PT. High Tech Computer Indonesia ˥99.00 99.00 Incorporated in December 2007
HTC (Thailand) Limited ˥100.00 100.00 Incorporated in November 2007 and
invested in September 2008
HTC India Private Ltd. ˥99.00 99.00 Incorporated in January 2008
HTC Electronics (Shanghai) Co., Ltd. Manufacture and sale of smart handheld devices 100.00 100.00 Incorporated in January 2007 and invested
in July 2008
HTC Malaysia Sdn. Bhd. Marketing, distribution and after-sales service - 100.00 Incorporated in July 2008 and invested in
January 2009
HTC Innovation Limited ˥-100.00 Incorporated in January 2009
HTC Communication Co., Ltd. The sale of smart handheld devices - 100.00 Incorporated in December 2008 and
invested in March 2009
HTC Holding Cooperatief U.A. Marketing - 99.00 Incorporated in October 2009
HTC America Inc. Marketing, repair and after-sales services - 100.00 Incorporated in January 2003, and
transferred in for the reorganization in
November 2009
One & Company Design, Inc. Design, research and development of application software - 100.00 Incorporated in October 2008, and
transferred in for the reorganization in
November 2009
High Tech Computer
Asia Pacific Pte. Ltd.
HTC HK, Limited Global investing activities - 100.00 Incorporated in August 2006, and
transferred in for the reorganization in
December 2009
High Tech Computer
Singapore Pte. Ltd.
HTC India Private Ltd. Marketing, distribution and after-sales service 1.00 1.00 Incorporated in January 2008
HTC HK, Limited HTC Belgium BVBA/SPRL ˥100.00 100.00 Incorporated in October 2006
HTC Corporation (Shanghai WGQ) (formerly
High Tech Computer Corp. (WGQ) until
Repair and after-sales service - 100.00 Incorporated in July 2007, and transferred
in for the reorganization in December 2009
HTC Belgium
BVBA/SPRL
HTC Italia SRL Marketing, distribution and after-sales service 100.00 100.00 Incorporated in February 2007
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HTC CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2008 AND 2009
(In Thousands, Unless Stated Otherwise)
1.ORGANIZATION AND OPERATIONS
HTC Corporation (“HTC”) was incorporated on May 15, 1997 under
the Company Law of the Republic of China to design, manufacture
and sell smart handheld devices. In 1998, HTC had an initial
public offering and, in March 2002, had its stock listed on the
Taiwan Stock Exchange. On November 19, 2003, HTC started
trading Global Depositary Receipts on the Luxembourg Stock
Exchange.
HTC and its consolidated subsidiaries, hereinafter referred to as the
“Company,” had 9,353 and 8,249 employees as of December 31,
2008 and 2009, respectively.
2.SIGNIFICANT ACCOUNTING POLICIES
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Basis of Presentation
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The accompanying consolidated financial statements have been
prepared in conformity with the Guidelines Governing the
Preparation of Financial Reports by Securities Issuers, and
accounting principles generally accepted in the Republic of China
(ROC). Under these guidelines, and principles, certain estimates
and assumptions have been used for the allowance for doubtful
accounts, allowance for loss on inventories, depreciation of
Properties, royalty, pension cost, allowance for product warranties,
bonuses to employees, etc. Actual results may differ from these
estimates.
For readers’ convenience, the accompanying consolidated financial
statements have been translated into English from the original
Chinese version prepared and used in the ROC. 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 consolidated financial statements shall
prevail. However, the accompanying consolidated financial
statements do not include the English translation of the additional
footnote disclosures that are not required under ROC generally
accepted accounting principles but are required by the Securities
and Futures Bureau for their oversight purposes.
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The Company’s significant accounting policies are summarized as
follows:
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Principles of Consolidation
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The accompanying consolidated financial statements include the
accounts of all the direct and indirect subsidiaries of HTC and the
accounts of investees that are not majority owned by HTC but in
which HTC has controlling interests.
All significant intercompany balances and transactions were
eliminated upon consolidation. Minority interest was presented
separately in the financial statements.
The consolidated entities as of December 31, 2008 and 2009 were
as follows:
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