Letter To Shareholders - Mitac

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(8) 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 Silver Star Developments Ltd. (SSDL) and its subsidiaries Name of related parties MiTAC International Corp. Relationship with counterparty Purchase / Sales Amount SSDL’s parent company Transactions Reason and situation of having different transaction term between related parties and others Percentage of purchase / sales Credit Term Unit price Credit Term Balance Accounts and notes receivable (payable) Sales $7,877,074 23.04% Note 1 Note 3 Note 1 $2,998,770 25.74% Percentage of account Note 〃〃〃 Purchases 13,568,327 44.77% Note 2 〃 Note 2 (6,134,713) 76.05% 〃 Getac Affiliated company Purchases 682,340 2.25% Note 2 〃 Note 2 (101,206) 1.25% Technology Corp. and its subsidiaries Tyan Computer MiTAC Tyan’s Investeor Sales 478,594 33.55% Note 4 〃 Note 4 - - Corp.-USA International Corp. company accounted for under the equity method 〃〃〃 Purchases 1,232,138 86.38% Note 5 〃 Note 5 (11,478) - Note 1:The collection 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 collection period for regular customers is approximately 90 days after shipping date. Note 2: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 to regular supplies is approximately 90 days after purchase date. Note 3:The selling price to overseas related parties is based on market value. The selling price to domestic related parties is based on common domestic price. Note 4:The collection period is 150 days after offsetting certain receivables and payables according to payment terms to overseas related parties. The collection period for regular customers is approximately 90 days after shipping date. Note 5:The payment period is 150 days after offsetting certain receivables and payables according to payment terms to overseas related parties. The payment period to regular supplies is approximately 90 days after purchase date. (9) Receivables from related parties exceeding $100,000 or 20 percent of capital as of December 31, 2009: Company Name Silver Star Developments Ltd. and its subsidiaries Name of the counterparty MiTAC International Corp. Relationship with the counterparty SSDL’s parent company Balance of receivables from related party Overdue receivable Bad debt Notes / Accounts Turnover rate Subsequent Other receivables <strong>To</strong>tal Amount Collection method allowance receivable (times) amount received provided $2,998,770 $1,644,764 $4,643,534 3.15 $ - N/A $2,787,623 $ - ~152~
(10) Information on derivative transactions: As of December 31, 2008, the subsidiaries had no derivative financial instruments transactions. Details of derivative financial instruments transactions as at December 31, 2009 undertaken by subsidiaries for non-trading purposes are set out below: December 31, 2009 Contract Terms Item Notional Amount (in thousands) Fair Market Value (in thousands) Trade date Strike Rate Settlement Date MiTAC Computer (Shunde) Corp. Sales of forward foreign exchange USD 12,000 ( CNY 17) 2009.7.28~2009.11.12 6.7900~6.8455 2010.2.26~2010.6.17 C. Relevant Information Regarding Investments In Mainland China: a) Basic information, change in investment balance and profits/losses recognized from the direct investment: Amount of remittance out in 2009 Name of investee in Mainland China Main activities of investee Capital Method of investment Beginning balance of remittance in 2009 Remittance out Remittance in Ending balance of remittance from Taiwan on December 31, 2009 Shares held by the Company (Direct/indirect) Profit/loss recognized in 2009 (Note 1) Ending balance of book value on December 31, 2009 Ending balance of profit remittance into Taiwan MiTAC Computer (Shunde) Corp. Manufacturing of computer cases and monitors, etc. $2,893,482 (CNY616,837) Invest in Mainland China through investing company in third area $2,235,694 (US$ 69,800) $ - $ - $2,235,694 (US$ 69,800) 100.00% ($90,723) $3,349,230 $ - MiTAC Computer (Kunshan) Co., Ltd. Sales and manufacturing of computer accessories, hardware, software and related services. 1,427,519 (CNY304,321) 〃 919,261 (US$ 28,700) - - 919,261 (US$28,700) 100.00% 41,216 1,968,353 - MiTAC Service (Shanghai) Co., Ltd. Manufacturing, assembling computers and provide test, maintenance and service for related product. 38,827 (CNY8,277) 〃 32,030 (US$1,000) - - 32,030 (US$1,000) 100.00% 2,892 56,343 - MiTAC Technology (Kunshan) Co., Ltd. Sales and manufacturing of computer accessories, hardware, software and related service. 38,826 (CNY8,277) 〃 32,030 (US$1,000) - - 32,030 (US$1,000) 100.00% 5,400 67,284 - Catac Electronic (Zhong-Shan) Co., Ltd. Sales and manufacturing of PCB. 1,491,362 (CNY317,931) 〃 227,413 (US$7,100) - - 227,413 (US$7,100) 15.29% - - - ~153~
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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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‧Personal computers with wire or
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(6) Since many worldly famous compa
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communication technologies mature i
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manufactured for the mainstream mar
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state-of-the-art hardware with navi
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devices, establishes connection wit
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downstream technologies to develop
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2009, and 1.3 million units sold in
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customer satisfaction for a greater
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5.2.2 Important applications and pr
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Volume/value Year 2008 2009 Major p
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5.4.2 MiTAC’s environmental healt
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consumption. To comply with the REA
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and the integration of all our comp
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6. Financial Statement 6.1. Most re
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6.2. Financial analysis in most rec
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6.3. Supervisors’ Report of the m
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MITAC INTERNATIONAL CORP. AND SUBSI
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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 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: (5) Marketable securities for which
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
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Letter To Shareholders - Mitac

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