HTC 2013 Annual Report Download - page 126

FINANCIAL INFORMATION FINANCIAL INFORMATION
248 249
HTC CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31, 2013 AND 2012
(In Thousands of New Taiwan Dollars, 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 mobile 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.
The functional currency of HTC is New Taiwan
dollars. The consolidated financial statements are
presented in New Taiwan dollars since HTC is the
ultimate parent of the Company.
2. APPROVAL OF FINANCIAL
STATEMENTS
The consolidated financial statements were
approved by the board of directors and authorized
for issue on February 28, 2014.
3. APPLICATION OF NEW
AND REVISED STANDARDS,
AMENDMENTS AND
INTERPRETATIONS
a. New, amended and revised standards
and interpretations (the "New
IFRSs") in issue but not yet effective
HTC and its entire controlled subsidiaries (the
"Company") have not applied the International
Financial Reporting Standards, International
Accounting Standards, International Financial
Reporting Interpretations, and Standing
Interpretations that have been issued by the
IASB. On January 28, 2014, the Financial
Supervisory Commission (FSC) announced the
framework for the adoption of updated IFRSs
version in the ROC. Under this framework,
starting January 1, 2015, the previous version
of IFRSs endorsed by the FSC (the 2010 IFRSs
version) currently applied by companies with
shares listed on the Taiwan Stock Exchange or
traded on the Taiwan GreTai Securities Market
or Emerging Stock Market will be replaced by
the updated IFRSs without IFRS 9 (the 2013
IFRSs version). However, as of the date that
the consolidated financial statements were
authorized for issue, the FSC has not endorsed
the following new, amended and revised
standards and interpretations issued by the
IASB (the "New IFRSs") included in the 2013
IFRSs version. Furthermore, the FSC has not
announced the effective date for the following
New IFRSs that are not included in the 2013
IFRSs version.
The New IFRSs Included in the 2013 IFRSs Version Not Yet Endorsed by the FSC
Effective Date Announced
by IASB (Note 1)
Improvements to IFRSs (2009) - amendment to IAS 39 January 1, 2009 and
January 1, 2010, as
appropriate
Amendment to IAS 39 "Embedded Derivatives" Effective for annual
periods ending on or after
June 30, 2009
Improvements to IFRSs (2010) July 1, 2010 and January 1,
2011, as appropriate
Annual Improvements to IFRSs 2009-2011 Cycle January 1, 2013
Amendment to IFRS 1 "Limited Exemption from Comparative IFRS 7 Disclosures for First-Time Adopters" July 1, 2010
Amendment to IFRS 1 "Severe Hyperinflation and Removal of Fixed Dates for First-Time Adopters" July 1, 2011
Amendment to IFRS 1 "Government Loans" January 1, 2013
Amendment to IFRS 7 "Disclosure - Offsetting Financial Assets and Financial Liabilities" January 1, 2013
Amendment to IFRS 7 "Disclosure - Transfer of Financial Assets" July 1, 2011
IFRS 10 "Consolidated Financial Statements" January 1, 2013
IFRS 11 "Joint Arrangements" January 1, 2013
IFRS 12 "Disclosure of Interests in Other Entities" January 1, 2013
Amendments to IFRS 10, IFRS 11 and IFRS 12 "Consolidated Financial Statements, Joint Arrangements and
Disclosure of Interests in Other Entities: Transition Guidance"
January 1, 2013
Amendments to IFRS 10 and IFRS 12 and IAS 27 "Investment Entities" January 1, 2014
IFRS 13 "Fair Value Measurement" January 1, 2013
Amendment to IAS 1 "Presentation of Other Comprehensive Income" July 1, 2012
Amendment to IAS 12 "Deferred tax: Recovery of Underlying Assets" January 1, 2012
IAS 19 (Revised 2011) "Employee Benefits" January 1, 2013
IAS 27 (Revised 2011) "Separate Financial Statements" January 1, 2013
IAS 28 (Revised 2011) "Investments in Associates and Joint Ventures" January 1, 2013
Amendment to IAS 32 "Offsetting Financial Assets and Financial Liabilities" January 1, 2014
IFRIC 20 "Stripping Costs in Production Phase of a Surface Mine" January 1, 2013
The New IFRSs Not Included in the 2013 IFRSs Version
Effective Date Announced
by IASB (Note 1)
Annual Improvements to IFRSs 2010-2012 Cycle July 1, 2014 (Note 2)
Annual Improvements to IFRSs 2011-2013 Cycle July 1, 2014
IFRS 9 "Financial Instruments" Effective date not
determined
Amendments to IFRS 9 and IFRS 7 "Mandatory Effective Date of IFRS 9 and Transition Disclosures" Effective date not
determined
IFRS 14 "Regulatory Deferral Accounts" January 1, 2016
Amendment to IAS 19 "Defined Benefit Plans: Employee Contributions" July 1, 2014
Amendment to IAS 36 "Impairment of Assets: Recoverable Amount Disclosures for Non-Financial Assets" January 1, 2014
Amendment to IAS 39 "Novation of Derivatives and Continuation of Hedge Accounting" January 1, 2014
IFRIC 21 "Levies" January 1, 2014
Note 1 : Unless stated otherwise, the above New IFRSs are effective for annual periods beginning on or after the respective effective dates.
Note 2: The amendment to IFRS 2 applies to share-based payment transactions for which the grant date is on or after 1 July 2014; the amendment to IFRS
3 applies to business combinations for which the acquisition date is on or after 1 July 2014; the amendment to IFRS 13 is effective immediately; the
remaining amendments are effective for annual periods beginning on or after July 1, 2014.