HTC 2012 Annual Report Download - page 104

% of Ownership
Investor Investee Main Businesses 2011 2012 Remark
PT. High Tech Computer
Indonesia
Marketing, repair and after-sales
service 1.00 1.00 Incorporated in December 2007
HTC I Investment
Corporation General investing activities 100.00 100.00 Incorporated in September 2009
HTC Holding Cooperatief
U.A. International holding company 1.00 1.00 Incorporated in October 2009
Huada Digital Corporation Software service 50.00 50.00
Incorporated in January 2010; change in
ownership percentage in October 2011. In
March 2012, investment type change to joint
venture and HTC lost significant influence.
HTC Investment One
(BVI) Corporation
Holding S3 Graphics Co., Ltd.
and general investing activities 100.00 100.00 Incorporated in August 2011
FunStream Corporation Design, research and
development of 3-D technology - 100.00 Investment received in February 2012
H.T.C. (B.V.I.) Corp. 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 -
Incorporated in December 2004, investment
received in July 2005 and liquidated in December
2012.
High Tech
Computer Asia
Pacific Pte. Ltd.
High Tech Computer
(H.K.) Limited
Marketing, repair and after-sales
service 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 〃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
investment received in September 2008
HTC India Private Ltd. 〃99.00 99.00 Incorporated in January 2008
HTC Malaysia Sdn. Bhd. 〃100.00 100.00 Incorporated in July 2008 and investment
received in January 2009
HTC Innovation Limited 〃100.00 100.00 Incorporated in January 2009
HTC Communication Co.,
Ltd. Sale of smart handheld devices 100.00 100.00 Incorporated in December 2008 and
investment received in March 2009
HTC HK, Limited
International holding company;
marketing, repair and after-
sales services
100.00 100.00
Incorporated in August 2006 and was
acquired from HTC in December 2009 for
Company reorganization
HTC Holding Cooperatief
U.A. International holding company 99.00 99.00 Incorporated in October 2009
HTC Communication
Technologies (SH)
Design, research and
development of application
software
100.00 100.00 Incorporated in November 2011
HTC Investment
Corporation Yoda Co., Ltd.
Operation of restaurant
business, parking lot and
building cleaning services
- 100.00 Incorporated in September 2012
HTC Investment
One (BVI)
Corporation
S3 Graphics Co., Ltd.
Design, research and
development of graphics
technology
100.00 100.00 Investment received in November 2011
HTC HK, Limited HTC Corporation
(Shanghai WGQ) Repair and after-sales services 100.00 100.00
Incorporated in July 2007 and was acquired
from a direct subsidiary of HTC in December
2009 for Company reorganization
HTC Electronics
(Shanghai) Co., Ltd.
Manufacture and sale of smart
handheld devices 100.00 100.00
Incorporated in January 2007; investment
received in July 2008; and was acquired
from a direct subsidiary of HTC in February
2010 for Company reorganization
HTC Holding
Cooperatief U.A. HTC Netherlands B.V.
International holding company;
marketing, repair and after-
sales services
100.00 100.00 Incorporated in October 2009
HTC CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2011 AND 2012
(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, assemble, process, and sell smart handheld devices and provide after-sales service. In March 2002, HTC
had its stock listed on the Taiwan Stock Exchange. On November 19, 2003, HTC listed some of its shares of stock on the
Luxembourg Stock Exchange in the form of global depositary receipts.
HTC and its consolidated subsidiaries, hereinafter referred to as the "Company," had 17,413 and 17,575 employees as of
December 31, 2011 and 2012, respectively.
2. SIGNIFICANT ACCOUNTING POLICIES
The consolidated financial statements have been prepared in conformity with the Guidelines Governing the Preparation
of Financial Reports by Securities Issuers, Business Accounting Law and accounting principles generally accepted in the
Republic of China ("ROC").
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 inconsistencies arise between the English version and the Chinese
version or if differences arise in the interpretations between the two versions, the Chinese version of the 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.
Significant accounting policies are summarized as follows:
Principles of Consolidation
All majority-owned subsidiaries or controlled entities in which HTC owns less than 50% of the voting rights of the investee
companies directly or indirectly are included in the consolidated financial statements.
All significant intercompany balances and transactions were eliminated upon consolidation. Minority interest was presented
separately in the financial statements.
(1) The consolidated entities as of December 31, 2011 and 2012 were as follows:
% of Ownership
Investor Investee Main Businesses 2011 2012 Remark
HTC Corporation H.T.C. (B.V.I.) Corp. International holding company 100.00 100.00 Incorporated in August 2000
Communication Global
Certification Inc.
Telecom testing and
certification services 100.00 100.00 Investment received in January 2007
High Tech Computer Asia
Pacific Pte. Ltd.
International holding company;
marketing, repair and after-
sales services
100.00 100.00 Incorporated in July 2007
HTC Investment
Corporation General investing activities 100.00 100.00 Incorporated in July 2008
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