HTC 2011 Annual Report Download - page 105

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2010
Income Tax Expense
(Benefit)
Income
Tax Payable
Income
Tax Receivable
Deferred Tax Assets
(Liabilities)
NT$ NT$ NT$ NT$
HTC Belgium BVBA/SPRL $10,468 $11,005 $- $733
High Tech Computer (H.K.) Limited 1,435 640 - -
HTC (Australia and New Zealand) Pty. Ltd. 6,292 5,132 - (1,189)
HTC India Private Limited 1,837 5,929 21 16
HTC (Thailand) Limited 1,206 720 - -
HTC Electronics (Shanghai) Co., Ltd. 86,172 123,994 63,647 46,288
HTC Malaysia Sdn. Bhd. 1,334 (227) - 256
HTC Innovation Limited 1,060 1,005 - -
HTC Netherlands B.V. 1,029 958 - -
HTC FRANCE CORPORATION 2,074 3,155 - (78,724)
HTC South Eastern Europe Limited Liability Company 456 424 - -
HTC Germany GmbH 2,502 605 - -
HTC Spain, S.L. 757 419 - -
HTC Italia SRL 3,705 (1,263) - -
HTC Nordic ApS 1,092 275 - (55)
HTC Poland sp. z.o.o. 225 - - 734
HTC HK, Limited 58 54 - -
HTC America Innovation Inc. 8,035 12,601 - 5,174
$5,449,544 $6,809,417 $130,287 $3,417,684
(Concluded)
2011
Income
Tax Expense (Benefit) Income Tax Payable Income Tax Receivable Deferred
Tax Assets (Liabilities)
NT$ US$ (Note 3) NT$ US$ (Note 3) NT$ US$ (Note 3) NT$ US$ (Note 3)
HTC Corporation $7,873,875 $260,044 $9,653,090 $318,805 $- $- $5,113,822 $168,890
Communication Global Certification Inc. 7,072 234 6,047 200 - - 1,677 55
High Tech Computer Asia Pacific Pte. Ltd. 11,128 368 10,507 347 - - 37 1
HTC Investment Corporation 229 8 26 1 - - - -
HTC I Investment Corporation 167 6 - - 29 1 - -
Huada Digital Corporation 271 9 15 1 - - - -
Exedea Inc. 656 22 - - 152 5 - -
High Tech Computer (H.K.) Limited 2,630 87 - - - - - -
HTC (Australia and New Zealand) PTY LTD. 11,261 372 11,775 389 - - (884) (29)
PT. High Tech Computer Indonesia 223 7 226 7 - - - -
HTC (Thailand) Limited 3,621 120 2,285 75 - - - -
HTC India Private Limited 2,772 92 - - - - - -
HTC Malaysia Sdn. Bhd. 3,448 114 769 25 - - 301 10
HTC Innovation Limited 2,677 88 1,542 51 - - - -
HTC Communication Co., Ltd. 43,337 1,431 532,692 17,593 - - 689,907 22,785
HTC HK, Limited 3,343 110 4,877 161 - - - -
HTC Corporation (Shanghai WGQ) 3,917 129 2,082 69 - - - -
HTC Electronics (Shanghai) Co., Ltd. 254,684 8,411 185,536 6,127 - - 48,090 1,588
HTC Netherlands B.V. 1,400 46 1,630 54 - - - -
HTC EUROPE CO., LTD. 159,811 5,278 125,595 4,148 - - 9,451 312
HTC BRASIL 196 6 - - - - 2,720 90
HTC Belgium BVBA/SPRL 1,043 34 5,983 197 - - - -
HTC NIPPON Corporation 3,213 106 - - 221 8 - -
HTC FRANCE CORPORATION 314 10 582 19 - - - -
HTC South Eastern Europe Limited Liability
Company 1,267 42 1,282 42 - - - -
HTC Nordic ApS 6,466 214 423 14 - - (79) (3)
HTC Italia SRL 4,177 138 - - - - - -
HTC Germany GmbH. 7,543 249 4,869 161 - - - -
HTC Iberia S.L. 3,305 109 3,313 109 - - - -
HTC Poland sp. z o.o. 15 1 - - - - 1,794 59
HTC Communication Canada, Ltd. 90 3 91 3 - - - -
(Continued)
（23） PERSONNEL EXPENSES, DEPRECIATION AND AMORTIZATION
2010 2011
NT$ NT$ US$ (Note 3)
Function
Expense Item
Operating
Costs
Operating
Expenses Total Operating
Costs
Operating
Expenses Total Operating
Costs
Operating
Expenses Total
Personnel expenses $5,265,747 $15,813,869 $21,079,616 $6,546,170 $20,198,025 $26,744,195 $216,195 $667,064 $883,259
Salary 4,544,387 14,879,114 19,423,501 5,285,153 18,609,790 23,894,943 174,548 614,611 789,159
Insurance 224,738 446,621 671,359 375,386 599,600 974,986 12,398 19,802 32,200
Pension cost 101,749 194,391 296,140 232,408 323,901 556,309 7,676 10,697 18,373
Other 394,873 293,743 688,616 653,223 664,734 1,317,957 21,573 21,954 43,527
Depreciation 469,145 435,568 904,713 963,947 600,278 1,564,225 31,835 19,825 51,660
Amortization 36,244 60,952 97,196 33,681 802,930 836,611 1,112 26,518 27,630
(24) INCOME TAX
HTC's income tax returns through 2008 had been examined by the tax authorities. However, HTC disagreed with the tax authorities' assessment
on its return for 2002 and applied for the administrative litigation of this return. Nevertheless, under the conservatism guideline, HTC adjusted its
income tax for the tax shortfall stated in the tax assessment notices.
The income tax returns of Communication Global Certification Inc., HTC Investment Corporation and HTC I Investment Corporation through 2009
had been examined and cleared by the tax authorities.
Under the Statute for Upgrading Industries, the Company was granted exemption from corporate income tax as follows:
Item Exempt from Corporate Income Tax Exemption Period
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
Sales of wireless or smartphone which has 3.5G function (application for exemption under review by the Ministry of Finance
as of December 31, 2011) 2012.01.01-2016.12.31
1. 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 effective January 1, 2010. Provision for income tax expense
(benefit) in 2010 and 2011; income tax payable, income tax receivables and deferred tax assets (liabilities) as of December
31, 2010 and 2011 were as follows:
2010
Income Tax Expense
(Benefit)
Income
Tax Payable
Income
Tax Receivable
Deferred Tax Assets
(Liabilities)
NT$ NT$ NT$ NT$
HTC Corporation $4,957,709 $6,416,667 $- $3,345,010
Communication Global Certification Inc. 500 735 23 1,843
HTC Investment Corporation 132 - 216 -
HTC I Investment Corporation 159 32 - -
Huada Digital Corporation 116 28 - -
High Tech Computer Asia Pacific Pte. Ltd. 1,016 287 - 36
HTC Communication Co., Ltd. (17,031) 80,600 - 56,370
HTC America Inc. 213,608 - 59,070 27,787
HTC EUROPE CO., LTD. 138,709 137,426 - 8,612
Exedea Inc. 19,356 - 4,894 2,505
HTC NIPPON Corporation 4,028 3,692 - -
HTC BRASIL 5,006 3,575 - 2,607
HTC Corporation (Shanghai WGQ) 1,533 949 - -
One & Company Design, Inc. (5,034) - 2,416 (319)
(Continued)
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