HTC 2011 Annual Report Download - page 91

Download and view the complete annual report

Please find page 91 of the 2011 HTC annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 115

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115

5. Independent Auditors' Report
The Board of Directors and Stockholders
HTC Corporation
We have audited the accompanying consolidated balance sheets of HTC Corporation and subsidiaries (collectively, the
"Company") as of December 31, 2010 and 2011, 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 December 31, 2010 and 2011, 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.
Our audits also comprehended the translation of the 2011 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.
February 14, 2012
Notice to Readers
The accompanying consolidated financial statements are intended only to present the consolidated 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.
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.
3. Other
The significant financial assets and liabilities denominated in foreign currencies were as follows:
December 31
2010 2011
Foreign Currencies Exchange Rate Foreign Currencies Exchange Rate
Financial assets
Monetary items
USD $2,561,948 29.13 $3,018,210 30.28
EUR 733,365 38.92 485,148 39.19
GBP 91,604 45.19 44,226 46.73
Investments accounted for by the equity method
USD 36,284 29.13 412,799 30.28
SGD 338,120 22.73 996,626 23.32
Financial liabilities
Monetary items
USD 2,845,961 29.13 3,266,412 30.28
EUR 762,692 38.92 590,266 39.19
GBP 94,537 45.19 56,572 46.73
（30） SEGMENT DISCLOSURES
The Company is organized and managed as a single reportable business segment. The Company's operations are mainly related to the research,
design, manufacture and sales of smart handheld devices.
Selected financial information is as follows:
1. Geographical Areas
The Company's noncurrent assets located in an individual foreign country were immaterial. Revenues from domestic and overseas customers
for 2010 and 2011 were as follows:
2010 2011
NT$ NT$ US$ (Note 3)
Taiwan $7,559,367 $20,138,095 $665,085
Country W 134,222,005 206,306,376 6,813,514
Country X 23,499,741 30,778,220 1,016,487
Country Y 5,404,707 20,871,641 689,311
Country Z 18,451,758 20,495,340 676,883
Others 85,909,376 156,489,514 5,168,252
$275,046,954 $455,079,186 $15,029,532
2. Major Customers
Revenues in 2010 and 2011 that were 10 percent or more from transactions with a single external customer were as follows:
2010 2011
Customer NT$ NT$ US$ (Note 3)
A $86,510,154 $201,020,041 $6,638,926
8
FINANCIAL INFORMATION
| 178 |
8
FINANCIAL INFORMATION
| 179 |