HTC 2015 Annual Report Download - page 133

Financial information
Financial information
262
263
% of Ownership
December 31
Investor Investee Main Businesses 2015 2014 Remark
HTC Netherlands B.V. HTC South Eastern Europe
Limited liability Company
Marketing, repair and after-sales
services
99.33 99.33 -
HTC Nordic ApS. 100.00 100.00 -
HTC Italia SRL 100.00 100.00 -
HTC Germany GmbH 100.00 100.00 -
HTC Iberia, S.L. 100.00 100.00 -
HTC Poland sp. z.o.o. 100.00 100.00 -
HTC Communication Canada, Ltd. 100.00 100.00 -
HTC Norway AS - 100.00 2)
HTC RUS LLC - 100.00 2)
HTC Communication Sweden AB 100.00 100.00 -
HTC Luxembourg S.a.r.l. Online/download media services 100.00 100.00 -
HTC Middle East FZ-LLC Marketing, repair and after-sales
services
100.00 100.00
HTC Communication Solutions
Mexico, S.A DE C.V.
99.00 - 3)
HTC Servicios DE Operacion
Mexico, S.A DE C.V.
Human resources management 99.00 - 4)
HTC Czech RC s.r.o. Manufacture and sale of smart mobile
devices
100.00 - 5)
HTC EUROPE CO., LTD. HTC America Holding Inc. International holding company 100.00 100.00 -
HTC FRANCE
CORPORATION
HTC BLR Design, research and development of
application software
- 100.00 2)
HTC America Holding Inc. HTC America Inc. Sale of smart mobile devices 100.00 100.00 -
One & Company Design, Inc. Design, research and development of
application software
100.00 100.00 -
HTC America Innovation Inc. 100.00 100.00 -
HTC America Content Services, Inc. Online/download media services 100.00 100.00 -
Dashwire, Inc. Design and management of cloud
synchronization technology
100.00 100.00 -
Inquisitive Minds, Inc. Development and sale of digital
education platform
100.00 100.00 -
HTC VIVE Holding (BVI)
Corp.
HTC VIVE TECH (BVI) Corp. International holding company 100.00 - 7)
HTC VIVE TECH (BVI)
Corp.
HTC VIVE TECH Corp. Research, development and sale of
virtual reality devices
100.00 - 8)
(Concluded)
Remark:
1. HTC Investment (B.V.I) Corporation was incorporated in August 2015.
2. HTC Norway AS, HTC RUS LLC and HTC BLR were dissolved in March 2015.
3. HTC Communication Solutions Mexico, S.A DE C.V. was incorporated in April 2015.
4. HTC Servicios DE Operacion Mexico, S.A DE C.V. was incorporated in April 2015.
5. HTC Czech RC s.r.o. was incorporated in April 2015.
6. HTC VIVE Holding (B.V.I) Corp. was incorporated in August 2015.
7. HTC VIVE TECH (B.V.I) Corp. was incorporated in August 2015.
8. HTC VIVE TECH Corp. was incorporated in December 2015.
b. Subsidiary excluded from consolidated financial statements: None
16. INVESTMENTS ACCOUNTED FOR
USING EQUITY METHOD
December 31
2015 2014
Investment in associates
Investment in joint ventures
$ 31,925
208,312
$ 15,836
218,825
$240,237 $234,661
Investments in Associates
December 31
2015 2014
Unlisted equity investments
East West Artist $ 31,925 $ 15,836
At the end of the reporting period, the proportion of
ownership and voting rights in associates held by the
Company were as follows:
December 31
2015 2014
East West Artist 25.00% 12.50%
In December 2014, the Company acquired 12.5% equity
interest in East West Artist for US$500 thousand, and
another 12.5% equity interest for US$500 thousand in
December 2015, with a total 25% equity interest held by the
equity method.
Aggregate information of associates that are not individually
material:
December 31
2015 2014
The Company's share of:
Profit from continuing
operations $(1,135) $ -
Other comprehensive
income - -
Total comprehensive
income for the period $(1,135) $ -
Investments accounted for by the equity method and the
share of profit or loss and other comprehensive income of
those investments were calculated based on the financial
statements that have not been audited. Management
believes there is no material impact on the equity method
accounting or the calculation of the share of profit or loss
and other comprehensive income, as the financial statement
have not been audited.
Investments in Joint Ventures
December 31
2015 2014
Unlisted equity investments
Huada Digital Corporation $208,312 $ 218,825
At the end of the reporting period, the proportion of
ownership and voting rights in jointly controlled entities
held by the Company were as follows:
December 31
Company Name 2015 2014
Huada Digital Corporation 50.00% 50.00%
The Company set up a subsidiary Huada, whose main
business is software services, in December 2009. In October
2011, Chunghwa Telecom Co., Ltd. invested in Huada. In
March 2012, Huada held a stockholders' meeting and re-
elected its directors and supervisors. As a result, the
investment type was changed to joint venture and the
Company continued to account for this investment by the
equity method.
Aggregate information of joint ventures that are not
individually material:
For the Year Ended December 31
2015 2014
The Company's share of:
Losses from continuing
operations
Other comprehensive
income
$(10,513)
-
$(8,679)
-
Total comprehensive
losses for the period $(10,513) $(8,679)
Investments in joint ventures accounted for by the
equity method and the share of profit or loss and other
comprehensive income of those investments were calculated
based on the financial statements that have not been
audited. Management believes there is no material impact
on the equity method accounting or the calculation of the
share of profit or loss and other comprehensive income, as
the financial statement have not been audited.