Letter To Shareholders - Mitac

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7) Long-term investments accounted for under the equity method A. Details of long-term equity investments are set forth below: December 31, 2009 2008 Percentage Percentage of direct of direct Amount ownership Amount ownership Equity method: Getac Technology Corp. $ 3,919,167 33.97% $ 3,715,813 35.45% Tung Da Investment Co., Ltd. 535,774 49.99% 480,360 49.99% 3 Probe Technology Co., Ltd. 11,112 23.13% 10,353 23.13% Lian Jie Investment Co., Ltd. 63,574 49.98% 75,633 49.98% Shen-Tong Construction & Development Co., Ltd. 83,825 47.55% 83,922 47.55% Synnex Corp. 5,133,509 19.69% 5,288,352 23.96% Harbinger II (BVI) Venture Capital Corp. 48,090 49.96% 50,107 49.96% Harbinger Ruyi Venture Ltd. 32,169 28.57% - - (Note) Mainpower International Ltd. 160,803 26.19% 180,730 50.00% Suzhou MiTAC Precision Technology Co., Ltd. 242,480 21.62% 256,869 29.63% Loyalty Founder Enterprise Co., Ltd. 151,877 25.24% - - $ 10,382,380 $ 10,142,139 Note: As the stock capital of Harbinger Ruyi Venture Ltd. changed during 2009, the Company’s ownership was adjusted from 18.18% to 28.57%. As a result, the investments in Harbinger Ruyi Venture Ltd. were reclassified from “Financial assets carried at cost” to “Long-term equity investments accounted for under the equity method”. B. Investment income (loss) accounted for under the equity method for the years ended December 31, 2009 and 2008 is set forth below: For the years ended December 31, Investee company 2009 2008 Equity method: Getac Technology Corp. $ 478,360 $ 393,721 Tung Da Investment Co., Ltd. 17,789 32,299 Synnex Corp. 679,629 650,202 3 Probe Technology Co., Ltd. 759 ( 38 ) Lian Jie Investment Co., Ltd. 4,542 ( 3,664 ) Shen-Tong Constuction & Development Co., Ltd. ( 97 ) ( 375 ) Harbinger II (BVI) Venture Capital Corp. ( 775 ) 2,479 Marbinger Ruyi Venture Ltd. 144 - Mainpower International Ltd. ( 8,137 ) ( 5,663 ) Suzhou MiTAC Preclsion Technology Co., Ltd. ( 11,834 ) ( 9,525 ) Loyalty Founder Enterprise Co., Ltd. 19,278 - $ 1,179,658 $ 1,059,436 C. In 2009, the Company subscribed for 60,000 thousand shares of private placement stock of Loyalty Founder Enterprise Co., Ltd. totaling $150,000 with the price of $2.5 (in dollars) per share. Such stocks are subject to certain transfer restrictions pursuant to Article 43-8 of the Securities and Exchange Law. ~110~
D. Lian Jie Investment Co., Ltd. made a capital reduction in 2009 and returned share capital of $16,893 to the Company. 8) Property, plant and equipment - net Cost December 31, 2009 2008 Land $ 1,027,626 $ 1,236,574 Buildings 4,911,980 5,233,813 Machinery 4,904,046 5,356,995 Computer and communication equipment 907,696 862,268 Transportation equipment 105,462 124,599 Furniture and fixtures 736,123 780,510 Leasehold improvements 63,537 68,140 Other equipment 965,436 982,364 13,621,906 14,645,263 Accumulated depreciation ( 6,871,740 ) ( 6,305,882 ) Accumulated impairment ( 12,149 ) ( 12,149 ) Construction in progress and prepayments for equipment 83,580 39,440 Net book value $ 6,821,597 $ 8,366,672 No interest expense was capitalized for the years ended December 31, 2009 and 2008. 9) Intangible Assets A. Patent rights and technology Goodwill Other intangible assets (Note) Trademarks Total Cost: Book value, January 1, 2009 $ - $ - $ 1,289,824 $ 317,958 $ 1,607,782 Increase in current period – single acquisition 398,368 1,030,223 285,665 332,800 2,047,056 Effects of exchange rate changes - - ( 27,823) ( 20,241) ( 48,064) Book value, December 31, 2009 398,368 1,030,223 1,547,666 630,517 3,606,774 Accumulated amortization: Book value, January 1, 2009 - - - ( 48,644) ( 48,644) Amortization for current period - ( 147,175) - ( 42,494) ( 189,669) Effects of exchange rate changes - - - 2,504 2,504 Book value, December 31, 2009 - ( 147,175) - ( 88,634) ( 235,809) Net book value, December 31, 2009 $ 398,368 $ 883,048 $ 1,547,666 $ 541,883 $ 3,370,965 ~111~
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009 ANNUAL REPORT StockNo:2315 2009
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Contents 1. 7. Assessment Letter To
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competitiveness Letter in the marke
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2007 2009 2008 2005 2006 2007 Compa
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2007 2009 2008 2005 2006 2007 Compa
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3.1.2 Responsibilities of major dep
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Names Chairman Mathew Miau Director
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Titles Names Dates took position Sh
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Titles Vice president Vice presiden
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Below 2,000,000 Remuneration Rankin
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Titles Names MiTAC Salaries (A) In
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Managers Receiving Employee Bonuses
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3.3.2 Supervisors’ participation
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Items Status Differentiation with o
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3.3.4 Social contribution to enviro
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3.3.6 Important resolutions reached
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3.4. CPA’s dues Range of Audit Re
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3.7 Relationships between the top t
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3.8 Aggregate shareholding percenta
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2. Preferred stock: None 4.1.4 Majo
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latest financial year after taking
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MiTAC International Corp. Regulatio
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converting price is to be adjusted
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total issuance value, the Company m
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4.3 Employees’ stock options 4.3.
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April 30, 2010 Type of employees’
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April 30, 2010 Units:NT$ Thousand/
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April 30, 2010 Units:NT$ Thousand/S
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Page 61 and 62:
Page 63 and 64: ‧Personal computers with wire or
Page 65 and 66: (6) Since many worldly famous compa
Page 67 and 68: communication technologies mature i
Page 69 and 70: manufactured for the mainstream mar
Page 71 and 72: state-of-the-art hardware with navi
Page 73 and 74: devices, establishes connection wit
Page 75 and 76: downstream technologies to develop
Page 77 and 78: 2009, and 1.3 million units sold in
Page 79 and 80: customer satisfaction for a greater
Page 81 and 82: 5.2.2 Important applications and pr
Page 83 and 84: Volume/value Year 2008 2009 Major p
Page 85 and 86: 5.4.2 MiTAC’s environmental healt
Page 87 and 88: consumption. To comply with the REA
Page 89 and 90: and the integration of all our comp
Page 91 and 92: 6. Financial Statement 6.1. Most re
Page 93 and 94: 6.2. Financial analysis in most rec
Page 95 and 96: 6.3. Supervisors’ Report of the m
Page 97 and 98: MITAC INTERNATIONAL CORP. AND SUBSI
Page 103 and 104: 2.Research, development, manufactur
Page 105 and 106: 4) Classification of current and no
Page 107 and 108: 11) Allowance for doubtful accounts
Page 109 and 110: 18) Convertible bonds For convertib
Page 111 and 112: C. When a company’s treasury stoc
Page 113: B. The Company's investee, G. Marso
Page 117 and 118: than the sum of carrying value of i
Page 119 and 120: 14) Long-term loans December 31, Ba
Page 121 and 122: 17) Capital reserve The R.O.C. Secu
Page 123 and 124: 19) Share-based payment ─ employe
Page 125 and 126: (b) As of December 31, 2009, the su
Page 127 and 128: G. (a) A summary of the movements u
Page 129 and 130: (c) The Company assumed the employe
Page 131 and 132: exceed the sum of retained earnings
Page 133 and 134: C. Components of deferred income ta
Page 135 and 136: 21) Earnings per share Income befor
Page 137 and 138: treasury stock. 23) Personnel, depr
Page 139 and 140: E. Accounts payable As of December
Page 141 and 142: 10. OTHER INFORMATION 1) The fair v
Page 143 and 144: (c) Short-term financial instrument
Page 145 and 146: 11.SUPPLEMENTARY DISCLOSURES A. Inf
Page 147 and 148: Note 2: 47,500,000 shares were pled
Page 149 and 150: (8) Receivables from related partie
Page 151 and 152: B. Information of Subsidiaries: (1)
Page 153 and 154: Note 3: Equal to 50% of the net wor
Page 155 and 156: (5) Marketable securities for which
Page 157 and 158: (10) Information on derivative tran
Page 159 and 160: ) Major transactions with the subsi
Page 161 and 162: D) The relation of business and imp
Page 163 and 164: 12. SEGMENT INFORMATION 1) Operatio
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7 Assessment of financial condition
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7.3 Cash flow analysis Unit: NT$ Th
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7.5.2 Influences of the interest ra
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(4) Enterprise and channel servers/
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8.1. Information of affiliates 8.1.
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2. Affiliated companies - basic dat
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Company Name Date established Addre
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MiTAC (U.K.) Ltd. Sales of MiTAC’
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Company name Title Name or Rep. Sha
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8.2. MiTAC’s stocks held or dispo
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Letter To Shareholders - Mitac

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