Letter To Shareholders - Mitac

More documents

Recommendations

Info

(7) Purchases or sales transactions with related parties exceeding $100,000 or 20 percent of capital for the year ended December 31, 2009: The company buying /selling products MiTAC International Corp. Transactions ~144~ Reason and situation of having different transaction terms between related parties Accounts and notes receivable (payable) Name of related parties Relationship with the counterparty Purchases / Sales Amount Percentage of purchase / sales Credit Term Unit price Credit Term Balance Percentage of account Footnote MiTAC Logistics Indirect investee Sales $5,765,895 10% Note 1 Note 2 Note 1 $1,123,386 8% Corporation company accounted for under the equity method. 〃 MiTAC Digital Corporation 〃 Sales 3,709,686 6% Note 1 〃 Note 1 3,370,378 24% 〃 Mio Technology Benelux N.V. 〃 Sales 1,184,338 2% Note 1 〃 Note 1 134,319 1% 〃 Mio Technology 〃 Sales 1,319,645 2% Note 1 〃 Note 1 623,765 4% UK LTd. 〃 MiTAC Australia 〃 Sales 1,092,648 2% Note 1 〃 Note 1 725,893 5% Pty Ltd. 〃 Mio Technology 〃 Sales 264,896 0% Note 1 〃 Note 1 - - Ltd. 〃 MiTAC 〃 Purchases 5,962,607 12% Note 3 〃 Note 3 ( 2,486,416) 22% Computer (Kunshan) Co., Ltd. 〃 MiTAC 〃 Purchases 1,650,922 3% Note 3 〃 Note 3 ( 447,141) 4% Computer (Shunde) Corp. 〃 Pacific Metal 〃 Purchases 2,929,345 6% Note 3 〃 Note 3 ( 574,091) 5% Developments Ltd. 〃 MiTAC Japan 〃 Purchases 119,085 0% Note 3 〃 Note 3 ( 21,518) 0% Corp. 〃 Tyan Computer 〃 Sales 1,232,138 2% Note 1 〃 Note 1 11,478 0% Corp.-USA 〃〃〃 Purchases 478,594 1% Note 3 〃 Note 3 - - 〃 Gemtek Board member of Sales 459,555 1% Note 1 〃 Note 1 86,085 1% Technology Co., Gemtek Ltd. 〃〃〃〃 Synnex Corporation Synnex Corporation Synnex Corporation(UK) Synnex Technology International (HK) Ltd. Indirect investee company accounted for under the equity method. Sales 8,394,729 14% Note 1 〃 Note 1 1,787,493 13% 〃 Purchases 110,234 0% Note 3 〃 Note 3 - - 〃 Sales 1,832,187 3% Note 1 〃 Note 1 659,873 5% 〃 Purchases 378,838 1% Note 3 〃 Note 3 ( 92,705) 1% Note 1:The collection period is 150 days and 90 days after offsetting certain receivables and payables according to collection terms to overseas and domestic related parties, respectively. The collection period for regular customers is approximately 90 days after shipping date. Note 2:The selling price to related parties is based on market value. Note 3:The payment period is 150 days and 90 days after offsetting certain receivables and payables according to payment terms to overseas and domestic related parties, respectively. The payment period for regular suppliers is approximately 90 days after purchase date.
(8) Receivables from related parties exceeding $100,000 or 20 percent of capital as of December 31, 2009: Company Name MiTAC International Corp. 〃〃〃〃〃〃 Name of the counterparty Synnex Corporation Synnex Corporation(UK) MiTAC Logistics Corporation MiTAC Digital Corporation Mio Technology UK LTd. Mio Technology Benelux N.V. MiTAC Australia Pty Ltd. Relationship with the counterparty Indirect investee company accounted for under the equity method. Balance of receivable from related party Overdue receivables Notes/Accounts receivable Other receivables <strong>To</strong>tal Turnover rate (times) Amount Collection method Subsequent received amount Bad debts allowance provided $1,787,493 $ - $1,787,493 4.72 $ - N/A $ 1,682,107 $ - 〃 659,873 - 659,873 2.22 - N/A 345,718 - 〃 1,123,386 19,932 1,143,318 3.71 - N/A 950,371 - 〃 3,370,378 29,023 3,399,401 2.20 - N/A 1,221,131 - 〃 623,765 465 624,230 2.53 - N/A 198,086 - 〃 134,319 - 134,319 6.53 - N/A 92,200 - 〃 725,893 14,011 739,904 1.70 - N/A 727,525 - (9) Information on derivative transactions. (a) Purpose: Derivative financial instruments are undertaken for non-trading purposes and to hedge the fluctuation of exchange rate of foreign currency denominated assets and liabilities. (b) <strong>To</strong> hedge existing assets denominated in foreign currencies: December 31, 2009 Contract Terms Item Notional Amount Fair Market Value (in thousands) Trade date Strike Rate Settlement Date Sales forward Foreign exchange USD 60,000 NTD 7,762 2009.9.29~2009.12.2 32.095~32.483 2010.1.4~2010.3.8 ″ EUR 13,700 NTD 12,586 2009.10.21~2009.12.28 46.138~48.775 2010.1.4~2010.3.29 ″ AUD 18,650 NTD 1,669 2009.10.6~2009.12.31 28.392~30.049 2010.1.4~2010.3.31 ″ NZD 400 ( NTD 10) 2009.12.31 23.36 2010.1.29 ″ GBP 4,390 NTD 2,386 2009.10.5~2009.12.29 51.735~54.042 2010.1.4~2010.3.29 Purchase of forward foreign exchange USD 25,000 ( NTD 5,203) 2009.11.12~2009.12.3 31.783~32.197 2010.2.4~2010.3.4 ″ JPY 80,000 ( NTD 819) 2009.11.12~2009.11.18 0.3599~0.3615 2010.1.19~2010.1.20 Purchase of currency SWAP USD 5,000 NTD 1,900 2009.11.13 32.412 2010.1.15 ~145~
Page 1 and 2:
009 ANNUAL REPORT StockNo:2315 2009
Page 3 and 4:
Contents 1. 7. Assessment Letter To
Page 5 and 6:
competitiveness Letter in the marke
Page 7 and 8:
2007 2009 2008 2005 2006 2007 Compa
Page 9 and 10:
2007 2009 2008 2005 2006 2007 Compa
Page 11 and 12:
3.1.2 Responsibilities of major dep
Page 13 and 14:
Names Chairman Mathew Miau Director
Page 15 and 16:
Titles Names Dates took position Sh
Page 17 and 18:
Titles Vice president Vice presiden
Page 19 and 20:
Below 2,000,000 Remuneration Rankin
Page 21 and 22:
Titles Names MiTAC Salaries (A) In
Page 23 and 24:
Managers Receiving Employee Bonuses
Page 25 and 26:
3.3.2 Supervisors’ participation
Page 27 and 28:
Items Status Differentiation with o
Page 29 and 30:
3.3.4 Social contribution to enviro
Page 31 and 32:
3.3.6 Important resolutions reached
Page 33 and 34:
3.4. CPA’s dues Range of Audit Re
Page 35 and 36:
3.7 Relationships between the top t
Page 37 and 38:
3.8 Aggregate shareholding percenta
Page 39 and 40:
2. Preferred stock: None 4.1.4 Majo
Page 41 and 42:
latest financial year after taking
Page 43 and 44:
MiTAC International Corp. Regulatio
Page 45 and 46:
converting price is to be adjusted
Page 47 and 48:
total issuance value, the Company m
Page 49 and 50:
4.3 Employees’ stock options 4.3.
Page 51 and 52:
April 30, 2010 Type of employees’
Page 53 and 54:
April 30, 2010 Units:NT$ Thousand/
Page 55 and 56:
April 30, 2010 Units:NT$ Thousand/S
Page 57 and 58:
Page 59 and 60:
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 and 114: B. The Company's investee, G. Marso
Page 115 and 116: D. Lian Jie Investment Co., Ltd. ma
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: Note 2: 47,500,000 shares were pled
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
Page 165 and 166: 7 Assessment of financial condition
Page 167 and 168: 7.3 Cash flow analysis Unit: NT$ Th
Page 169 and 170: 7.5.2 Influences of the interest ra
Page 171 and 172: (4) Enterprise and channel servers/
Page 173 and 174: 8.1. Information of affiliates 8.1.
Page 175 and 176: 2. Affiliated companies - basic dat
Page 177 and 178: Company Name Date established Addre
Page 179 and 180: MiTAC (U.K.) Ltd. Sales of MiTAC’
Page 181 and 182: Company name Title Name or Rep. Sha
Page 183: 8.2. MiTAC’s stocks held or dispo
show all

Letter To Shareholders - Mitac

Create successful ePaper yourself

Delete template?

Save as template?