Crucial 2012 Annual Report Download - page 289

44
INOTERA MEMORIES, INC.
NOTES TO FINANCIAL STATEMENTS
(Continued)
(c) Major customers
The major customers of the Company, which accounted for 10% or more of the total revenue for the years
ended December 31, 2009, 2010 and 2011, were as follows:
For the years ended December 31,
2009 2010 2011
Client Amount % of net
sales Amount % of net sales Amount % of net sales
NTC $ 24,321,874 67.36 20,718,863 49.98 18,349,030 49.08
Micron 11,780,975 32.63 6,155,918 14.85 12,964,946 34.68
MSA — — 14,579,238 35.17 6,071,165 16.24
Total $ 36,102,849 99.99 41,454,019 100.00 37,385,141 100.00
(27) Summary of Significant Differences between Accounting Principles Generally Accepted in the Republic
of China and Generally Accepted Accounting Principles in the United States of America
(a) Capital surplus
Under ROC GAAP, the expatriate employees payroll cost paid by a foreign joint venture partner/shareholder
is not recorded nor treated as the shareholder's capital surplus in the Company.
Under U.S. GAAP, the expatriate employees payroll cost paid by a partner/shareholder would be recorded as
expense and treated as capital surplus in the Company.
(b) Lease
Under ROC GAAP, the estimated fair value of a partially leased building used in evaluating the lease
classification described under Note 2 (j) to the financial statements can be based on the proportionate fair value
of the entire building.
Under U.S. GAAP, the fair value of a partially leased building used in determining the lease classification must
be based on the specific fair value of the leased asset. In the event that the fair value of the partially leased
building cannot be determined, the lease of a partial building should be treated as an operating lease. As a
result, the leased asset described in Note 7 to the financial statements, which was treated as a capital lease
under ROC GAAP, would be treated as an operating lease under U.S. GAAP.
(c) Related party transactions
Under ROC GAAP, the transaction with the General Administrative Office of Formosa Group as described in
Note 25(b) is not treated as a related party transaction.