HTC 2012 Annual Report Download - page 105

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% of Ownership
Investor Investee Main Businesses 2011 2012 Remark
One & Company Design,
Inc.
Design, research and
development of application
software
100.00 100.00
Investment received in October 2008, and
was acquired from a direct subsidiary of HTC
in April 2010 for Company reorganization
HTC America Innovation
Inc. 〃100.00 100.00 Incorporated in April 2010 and investment
received in October 2010
HTC America Content
Services, Inc.
Online/download media
services 100.00 100.00 Incorporated in April 2011
Dashwire, Inc.
Design, research and
development of wireless
connectivity software
100.00 100.00 Investment received in August 2011
Beats Electronics, LLC
Design, research and
development of audio
technology
50.14 -
Investment received in October 2011. HTC
lost its control of the subsidiary in August
2012 because of the partial disposal of
its shares and thus accounted for this
investment by equity method. Sold the
remaining interest to an indirect subsidiary in
November 2012 for Company reorganization
purpose.
Inquisitive Minds, Inc. Development and sale of digital
education platform 100.00 100.00 Investment received in October 2011
ABAXIA SAS HTC BLR
Design, research and
development of application
software
100.00 100.00 Investment received in July 2010
Saffron Media
Group Ltd. Saffron Digital Ltd.
Design, research and
development of application
software
100.00 100.00 Investment received in January 2011
Saffron Digital Inc. 〃100.00 100.00 Investment received in January 2011
(Concluded)
In February 2012, HTC acquired FunStream Corporation. In March 2012, HTC changed the investment type of Huada Digital
Corporation to joint venture and accounted for this investment by the equity method. In August 2012, HTC lost its control on
Beats Electronics, LLC because of the partial disposal of its shares and accounted for the investment by equity method. In
January 2011, HTC wholly acquired the shares issued by Saffron Media Group Ltd. In August 2011, HTC wholly acquired the shares
issued by Dashwire, Inc. In October 2011, HTC (a) acquired portion of the shares of Beats Electronics, LLC and (b) wholly acquired
the shares issued by Inquisitive Minds, Inc. and (c) adjusted the share purchase price of a certain share transaction agreement with
One & Company Design, Inc. In November 2011, HTC wholly acquired the shares issued by S3 Graphics Co., Ltd.
(2) The net assets of these companies were as follows:
2011 2012
Saffron Media
Group Ltd. Dashwire, Inc.
Beats
Electronics,
LLC
Inquisitive
Minds, Inc.
S3 Graphics
Co., Ltd.
One &
Company
Design, Inc.
FunStream Corporation
NT$ NT$ NT$ NT$ NT$ NT$ NT$ US$ (Note 3)
Cash on hand and in
banks $18,945 $8,860 $118,400 $2,031 $- $- $69 $2
Other current assets 161,622 2,756 925,409 - - - 4 -
Properties 8,629 1,247 5,862 567 - - - -
Other assets 1,130 40,164 83,982 689 - - - -
Current liabilities (142,250) (111,898) (292,457) (88) - - - -
Net assets $48,076 ($58,871) $841,196 $3,199 $- $- $73 $2
Cash consideration $1,393,717 $480,905 $9,102,096 $360,370 $9,033,450 $81,183 $45,090 $1,548
Cash on hand and in
banks (18,945) (8,860) (118,400) (2,031) - - (69) (2)
Net cash outflow on
the acquisition of a
subsidiary
$1,374,772 $472,045 $8,983,696 $358,339 $9,033,450 $81,183 $45,021 $1,546
% of Ownership
Investor Investee Main Businesses 2011 2012 Remark
HTC Holding
Cooperatief U.A. HTC India Private Ltd. Marketing, repair and after-sales
services 1.00 1.00
Incorporated in January 2008 and was
acquired from an indirect subsidiary
of HTC in February 2010 for Company
reorganization
HTC South Eastern
Europe Limited Liability
Company
〃0.67 0.67 Incorporated in June 2010
HTC Netherlands
B.V. HTC EUROPE CO., LTD.
International holding company
Marketing, repair and after-sales
services
100.00 100.00
Incorporated in July 2003 and was acquired
from a direct subsidiary of HTC in February
2010 for Company reorganization
HTC BRASIL Marketing, repair and after-sales
services 99.99 99.99
Incorporated in October 2006 and was
acquired from a direct subsidiary of HTC in
February 2010 for Company reorganization
HTC Belgium BVBA/SPRL 〃100.00 100.00
Incorporated in October 2006 and was
acquired from an indirect subsidiary of HTC
in March 2010 for Company reorganization
HTC NIPPON Corporation Sale of smart handheld devices 100.00 100.00
Incorporated in March 2006 and was
acquired from a direct subsidiary of HTC in
April 2010 for Company reorganization
HTC FRANCE
CORPORATION
International holding company;
marketing, repair and after-
sales services
100.00 100.00 Incorporated in April 2010
HTC South Eastern
Europe Limited liability
Company
Marketing, repair and after-sales
services 99.33 99.33 Incorporated in June 2010
HTC Nordic ApS. 〃100.00 100.00
Incorporated in July 2010 and was acquired
from an indirect subsidiary of HTC in
October 2010 for Company reorganization
HTC Italia SRL 〃100.00 100.00
Incorporated in February 2007 and was
acquired from an indirect subsidiary of HTC
in October 2010 for Company reorganization
HTC Germany GmbH 〃100.00 100.00 Incorporated in October 2010
HTC Iberia, S.L. 〃100.00 100.00 Incorporated in October 2010
HTC Poland sp. z.o.o. 〃100.00 100.00 Incorporated in October 2010
Saffron Media Group Ltd.
International holding
company, design, research and
development of application
software
100.00 100.00 Investment received in January 2011
HTC Communication
Canada, Ltd.
Marketing, repair and after-sales
services 100.00 100.00 Incorporated in April 2011
HTC Luxembourg S.a.r.l. Online/download media
services 100.00 100.00 Incorporated in May 2011
HTC Norway AS Marketing, repair and after-sales
services 100.00 100.00 Incorporated in August 2011
HTC RUS LLC 〃100.00 100.00 Incorporated in June 2011 and investment
received in August 2011.
HTC Communication
Sweden AB 〃100.00 100.00 Incorporated in September 2011
HTC Middle East FZ-LLC Marketing, repair and after-sales
services - 100.00 Incorporated in September 2012
HTC EUROPE CO.,
LTD.
HTC America Holding Inc. International holding company 100.00 100.00 Incorporated in April 2010
Beats Electronics, LLC
Design, research and
development of audio
technology
- 25.14
Acquired from a subsidiary of HTC, HTC
America Holding Inc., in November 2012 for
Company reorganization purpose.
HTC FRANCE
CORPORATION ABAXIA SAS
International holding
company, design, research and
development of application
software
100.00 100.00 Investment received in July 2010
HTC America
Holding Inc. HTC America Inc. Sale of smart handheld devices 100.00 100.00
Incorporated in January 2003 and was
acquired from a direct subsidiary of HTC in
April 2010 for Company reorganization
(Continued)
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