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184 2 0 1 0 H T C A N N U A L R E P O R T 185
FINANCIAL INFORMATION
Under the Statute for Upgrading Industries, HTC was granted exemption from corporate income tax as follows:
Item Exempt from Corporate Income Tax Exemption Period
Sales of pocket PCs, pocket PCs (wireless) and smartphones 2004.09.15-2009.09.14
Sales of pocket PCs (wireless) and smartphones 2004.11.30-2009.11.29
Sales of pocket PCs (wireless) and smartphones 2005.12.20-2010.12.19
Sales of wireless or smartphone which has 3G or GPS function 2006.12.20-2011.12.19
Sales of wireless or smartphone which has 3G or GPS function 2007.12.20-2012.12.19
Sales of wireless or smartphone which has 3.5G function 2010.01.01-2014.12.31
In May 2009, the Legislative Yuan passed the amendment of Article 5 of the Income Tax Law, which reduced a profit-seeking
enterprise's income tax rate from 25% to 20%, eective January 1, 2010. In May 2010, the Legislative Yuan passed the amendment of
Article 5 of the Income Tax Law, which reduced a profit-seeking enterprise's income tax rate from 20% to 17%, also eective January
1, 2010. Provision for income tax expense (benefit) in 2009 and 2010; income tax payable, income tax receivables and deferred tax
assets (liabilities) as of December 31, 2009 and 2010 were as follows:
2009
Income Tax
Expense
(Benefit)
Income Tax
Payable
Income Tax
Receivable
Deferred
Tax Assets
(Liabilities)
NT$ NT$ NT$ NT$
HTC Corporation $ 2,603,562 $ 4,152,624 - 1,877,341
BandRich Inc. ( 245 ) - 72 -
Communication Global Certification Inc. 664 - 23 1,576
HTC Investment Corporation 141 - 225 -
HTC I Investment Corporation $ 19 $ - $ 2 $ -
High Tech Computer Asia Pacific Pte. Ltd. 77 - - -
HTC America Inc. 72,449 - 15,074 26
HTC EUROPE CO., LTD. 77,102 96,613 - -
Exedea Inc. 46 1,215 - -
HTC NIPPON Corporation 7,354 - 5,981 -
HTC BRASIL 4,240 - 7,846 -
One & Company Design, Inc. 2,538 2,018 - ( 8,478 )
HTC Corporation (Shanghai WGQ) ( 583 ) - 256 -
HTC Belgium BAVA/SPRL 19,314 14,312 - -
High Tech Computer Singapore Pte. Ltd. 389 511 - ( 328 )
HTC (Australia and New Zealand) Pty. Ltd. 2,295 2,746 - 123
HTC India Private Limited 1,216 - 25 -
HTC (Thailand) Limited 725 449 - -
HTC Malaysia Sdn. Bhd. 669 417 - ( 29 )
HTC Innovation Limited 54 57 - -
HTC Electronics (Shanghai) Co., Ltd. ( 10,027 ) - - 9,714
$ 2,781,999 $ 4,270,962 $ 29,504 $ 1,879,945
2010
Income Tax Expense
(Benefit) Income Tax Payable ncome Tax
Receivable
Deferred Tax Assets
(Liabilities)
NT$
US$
(Note 3) NT$
US$
(Note 3) NT$
US$
(Note 3) NT$
US$
(Note 3)
HTC Corporation $ 4,957,709 $ 170,193 $ 6,416,667 $ 220,277 $ - $ - $ 3,345,010 $ 114,830
Communication Global
Certification Inc. 500 17 735 25 23 1 1,843 63
HTC Investment Corporation 132 5 - - 216 7 - -
HTC I Investment Corporation 159 6 32 1 - - - -
Huada Digital Corporation 116 4 28 1 - - - -
High Tech Computer Asia Pacific
Pte. Ltd. 1,016 35 287 10 - - 36 1
HTC Communication Co. Ltd ( 17,031 ) ( 585 ) 80,600 2,767 - - 56,370 1,935
HTC America Inc. 213,608 7,333 - - 59,070 2,028 27,787 954
HTC EUROPE CO., LTD. 138,709 4,762 137,426 4,718 - - 8,612 296
Exedea Inc. 19,356 665 - - 4894 168 2,505 86
HTC NIPPON Corporation 4,028 138 3,692 127 - - - -
HTC BRASIL 5,006 172 3,575 123 - - 2,607 89
HTC Corporation (Shanghai
WGQ) 1,533 53 949 33 - - - -
One & Company Design, Inc. ( 5,034 ) ( 173 ) - - 2,416 83 ( 319 ) ( 11 )
HTC Belgium BAVA/SPRL 10,468 359 11,005 378 - - 733 25
High Tech Computer (H.K.) 1,435 49 640 22 - - - -
HTC (Australia and New
Zealand) Pty. Ltd. 6,292 216 5,132 176 - - ( 1,189 ) ( 41 )
HTC India Private Limited $1,837 $63 $5,929 $203 $21 $1$16 $1
HTC (Thailand) Limited 1,206 41 720 25 - - - -
HTC Electronics (Shanghai) Co.,
Ltd. 86,172 2,958 123,994 4,257 63,647 2,185 46,288 1,589
HTC Malaysia Sdn. Bhd. 1,334 46 ( 227 ) ( 8 ) - - 256 9
HTC Innovation Limited 1,060 36 1,005 34 - - - -
HTC Netherlands B.V. 1.029 35 958 33 - - - -
HTC France Corporation 2,074 71 3,155 108 - - ( 78,724 ) ( 2,702 )
HTC South Eastern Europe
Limited liability Company 456 16 424 14 - - - -
HTC Germany GmbH 2,502 86 605 21 - - - -
HTC Spain, S.L. 757 26 419 14 - - - -
HTC Italia SRL 3,705 127 ( 1,263 ) ( 43 ) - - - -
HTC Nordic ApS. 1,092 37 275 9 - - ( 55 ) ( 2 )
HTC Poland sp. z.o.o. 225 8 - - - - 743 25
HTC HK, Limited 58 2 54 2 - - - -
HTC America Innovation Inc. 8,035 276 12,601 433 - - 5,174 178
$5,449,544 $187,077 $6,809,417 $233,760 $130,287 $4,473 $3,417,684 $117,325