HTC 2009 Annual Report Download - page 99

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Other Losses
2008 2009
Related Party Amount % to Total Other Losses Amount % to Total Other Losses
NT$ NT$ US$(Note 3)
Xander International Corp. $ 37,500 10 $-$ - -
In 2008, the Company shared part of the moving expenses with Xander International Corp. because the Company rented the office which was
originally rented by Xander International Corp.
Property and Investment Transaction
In January 2009, the Company acquired land from a related party, Syuda Construction Company, for NT$791,910 thousand (US$24,620 thousand).
It was about 39 thousand square meters, located near the Company in Taoyuan, and the land price was based on appraisal reports. It will be used
to expand factory area.
In July 2008, HTC acquired 100% equity interest of Wei-Hon Electronics (Shanghai) Ltd. from Landtek Corporation (BVI) by increasing the capital
amounting to US$5,041 thousand of High Tech Computer Asia Pacific Pte. Ltd.
Compensation of Directors, Supervisors and Management Personnel
2008 2009
NT$ NT$ US$(Note 3)
Salaries
$ 93,215 $ 94,140 $ 2,943
Incentives
23,575 51,300 1,604
Special compensation
15 12 -
Bonus
610,717 (Note ) (Note )
$ 727,522 $ 145,452 $ 4,547
Note: The appropriation of the 2009 earnings is not shown because
the Board of Directors had not yet made the related proposal.
The Company’s disclosure of the compensation of directors,
supervisors and management personnel for the years ended
December 31, 2008 and 2009 was in compliance with Order
VI-0970053275 issued by the Financial Supervisory Commission
under the Executive Yuan.
The compensation of directors, supervisors and management
personnel for the year ended December 31, 2008 included the
bonuses appropriated from the earnings of 2008, which had been
approved by stockholders in their annual meeting in 2009.
28. PLEDGED ASSETS
As of December 31, 2008 and 2009, the Company had provided
time deposits of NT$41,465 thousand and NT$106,252 thousand
(US$3,321 thousand), respectively, as collateral for the secured
loans, rental deposits and to the National Tax Administration of
Northern Taiwan Province as part of the requirements for the
Company to get a certificate stating that it had no pending income
tax.
29. COMMITMENTS AND CONTINGENCIES
As of December 31, 2009, unused letters of credit amounted to
JPY7,835 thousand.
HTC provided NT$479,850 thousand (US$15,000
thousand).guarantee for HTC Electronics (Shanghai)’s bank loans.
HTC Electronics (Shanghai) has drawn down $0 thousand from
banks within the guarantee amount as of December 31, 2009.
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Service Warranty Expense
2008 2009
Related Party Amount
% to Total
Warranty Expenses Amount
% to Total
Warranty Expenses
NT$ NT$ US$(Note 3)
Comserve Network Netherlands B.V. $ 14,491 - $ 1,203 $ 38 -
Service warranty expense resulted from authorizing the above related party to provide after-sales services.
Service Fees
2008 2009
Related Party Amount
% to Total
Service Expenses Amount
% to Total
Service Expenses
NT$ NT$ US$(Note 3)
Way-Lien Technology Inc. $ 2,400 - $ 2,400 $ 75 -
Captec Partners Management Corp. 2,250 - 3,222 101 -
$ 4,650 - $ 5,622 $ 176 -
Leasing - Lessee
2008 2009
Related Party Amount % to Total Rental Expenses Amount % to Total Rental Expenses
NT$ NT$ US$(Note 3)
VIA Technologies Inc. $ 3,661 2 $ 9,035 $ 282 4
The Company leased offices and parking space owned by VIA Technologies, Inc. at one-year renewable operating lease agreements, and the rental
payment was determined at the prevailing rates in the surrounding area.
Donation Expense
2008 2009
Related Party Amount
% to Total
Donation Expenses Amount
% to Total
Donation Expenses
NT$ NT$ US$(Note 3)
HTC Education Foundation for Social Welfare Charity $ 300,000 92 $ 300,000 $ 9,378 92
High Tech Computer Foundation. 20,000 6 25,000 781 7
$ 320,000 98 $ 325,000 $ 10,159 99
The Company donated NT$325,000 thousand in 2008 and NT$325,500 thousand (US$10,175 thousand) in 2009 to help disadvantaged minorities,
teenagers and other people in need. Of these donations, NT$5,000 thousand in 2008 and NT$500 thousand (US$16 thousand) in 2009 went to
unrelated parties (Note 17 has more information).
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