HTC 2013 Annual Report Download - page 129

FINANCIAL INFORMATION FINANCIAL INFORMATION
254 255
Investor Investee Main Businesses
% of Ownership
Remark
December 31,
2013
December 31,
2012
January 1,
2012
ABAXIA SAS HTC BLR Design, research and
development of application
software 100.00 100.00 100.00 -
Saffron Media
Group Ltd.
Saffron Digital Ltd. Design, research and
development of application
software - 100.00 100.00 5)
Saffron Digital Inc. 〃- 100.00 100.00 5)
(Concluded)
Remark:
1) Huada Digital Corporation ("Huada") was incorporated in January 2010 and the Company changed in ownership percentage in October 2011. In March
2012, investment type change to joint venture and the Company lost significant influence.
2) In February 2012, the Company invested in FunStream Corporation shares. FunStream Corporation was dissolved in June 2013.
3) Exedea Inc. was incorporated in December 2004, investment received in July 2005 and liquidated in December 2012.
4) Yoda Co., Ltd. was incorporated in September 2012.
5) Saffron Media Group Ltd. and its subsidiaries were disposed in September 2013.
6) HTC Middle East FZ-LLC was incorporated in September 2012.
7) The Company invested in Beats Electronics, LLC shares in October 2011 and lost its control of the subsidiary in July 2012 because of the partial disposal of
its shares and thus accounted for this investment by equity method.
c.Subsidiaries excluded from consolidated financial
statements: None
Business Combinations
Acquisitions of businesses are accounted for
using the acquisition method. The consideration
transferred in a business combination is measured
at fair value, which is calculated as the sum
of the acquisition-date (i.e., the day when the
Company obtains control) fair values of the assets
transferred by the Company, liabilities incurred by
the Company to the former owners of the acquiree
and the equity interests issued by the Company in
exchange for control of the acquiree. Acquisition-
related costs are generally recognized in profit or
loss as incurred.
At the acquisition date, the identifiable assets
acquired and the liabilities assumed are recognized
at their fair value, except that deferred tax
assets or liabilities, and assets or liabilities
related to employee benefit arrangements are
recognized and measured in accordance with IAS
12 "Income Taxes" and IAS 19 "Employee Benefits
respectively", respectively.
Goodwill is measured as the excess of the sum of
the consideration transferred, the amount of any
non-controlling interests in the acquiree, and the
fair value of the acquirer's previously held equity
interest in the acquiree (if any) over the net of
the acquisition-date amounts of the identifiable
assets acquired and the liabilities assumed. If,
after reassessment, the net of the acquisition-
date amounts of the identifiable assets acquired
and liabilities assumed exceeds the sum of the
consideration transferred, the amount of any non-
controlling interests in the acquiree and the fair
value of the acquirer's previously held interest
in the acquiree (if any), the excess is recognized
immediately in profit or loss as a bargain purchase
gain.
Non-controlling interests that are present
ownership interests and entitle their holders to a
proportionate share of the entity's net assets in
the event of liquidation may be initially measured
either at fair value or at the non-controlling
interests' proportionate share of the recognized
amounts of the acquiree's identifiable net assets.
The choice of measurement basis is made on a
transaction-by-transaction basis.
Investor Investee Main Businesses
% of Ownership
Remark
December 31,
2013
December 31,
2012
January 1,
2012
HTC Holding
Cooperatief U.A.
HTC Netherlands B.V. International holding company;
marketing, repair and after-sales
services
100.00 100.00 100.00 -
HTC India Private Ltd. Marketing, repair and after-sales
services
1.00 1.00 1.00 -
HTC South Eastern Europe
Limited Liability Company
〃0.67 0.67 0.67 -
HTC Netherlands
B.V
.
HTC EUROPE CO., LTD. International holding company,
marketing, repair and after-sales
services
100.00 100.00 100.00 -
HTC BRASIL Marketing, repair and after-sales
services
99.99 99.99 99.99 -
HTC Belgium BVBA/SPRL 〃100.00 100.00 100.00 -
HTC NIPPON Corporation Sale of smart mobile devices 100.00 100.00 100.00 -
HTC FRANCE CORPORATION International holding company;
marketing, repair and after-sales
services
100.00 100.00 100.00 -
HTC South Eastern Europe
Limited liability Company
Marketing, repair and after-sales
services
99.33 99.33 99.33 -
HTC Nordic ApS. 〃100.00 100.00 100.00 -
HTC Italia SRL 〃100.00 100.00 100.00 -
HTC Germany GmbH 〃100.00 100.00 100.00 -
HTC Iberia, S.L. 〃100.00 100.00 100.00 -
HTC Poland sp. z.o.o. 〃100.00 100.00 100.00 -
Saffron Media Group Ltd. International holding company - 100.00 100.00 5)
HTC Communication Canada,
Ltd.
Marketing, repair and after-sales
services
100.00 100.00 100.00 -
HTC Norway AS 〃100.00 100.00 100.00 -
HTC RUS LLC 〃100.00 100.00 100.00 -
HTC Communication Sweden
AB
〃100.00 100.00 100.00 -
HTC Luxembourg S.a.r.l. Online/download media services 100.00 100.00 100.00 -
HTC Middle East FZ-LLC Marketing, repair and after-sales
services
100.00 100.00 - 6)
HTC EUROPE
CO., LTD.
HTC America Holding Inc. International holding company 100.00 100.00 100.00 -
HTC FRANCE
CORPORATION
ABAXIA SAS International holding
company, design, research and
development of application
software
100.00 100.00 100.00 -
HTC America
Holding Inc.
HTC America Inc. Sale of smart handheld devices 100.00 100.00 100.00 -
One & Company Design, Inc. Design, research and
development of application
software
100.00 100.00 100.00 -
HTC America Innovation Inc. 〃100.00 100.00 100.00 -
HTC America Content Services,
Inc.
Online/download media services 100.00 100.00 100.00 -
Dashwire, Inc. Design, research and
development of wireless
connectivity software
100.00 100.00 100.00 -
Beats Electronics, LLC Design, research and
development of audio
technology
- - 50.14 7)
Inquisitive Minds, Inc. Development and sale of digital
education platform
100.00 100.00 100.00 -
(Continued)