3) Export sales 2009 2008 North America $ 13,995,978 $ 17,172,002 Europe 12,290,234 14,404,590 Asia and Australia 17,096,244 18,247,966 4) Major customers $ 43,382,456 $ 49,824,558 List of customers which accounted for more than 10% of total sales: Customer name Sales amount For the year ended December 31, 2009 Percentage of total sales Sales department E customer $ 12,791,743 20% <strong>To</strong>tal company Synnex Corp. (SYNNEX) and its subsidiaries 10,428,687 16% <strong>To</strong>tal company Customer name Sales amount For the year ended December 31, 2008 Percentage of total sales Sales department E customer $ 12,489,541 19% <strong>To</strong>tal company Synnex Corp. (SYNNEX) and its subsidiaries 8,423,052 13% <strong>To</strong>tal company B customer 7,141,094 11% <strong>To</strong>tal company ~160~
7 Assessment of financial conditions, operational result, and potential risks 7.1. Financial status, discussion, and analysis Unit: NT$ Thousand Years Differential 2008 2009 Items Amount % Current assets 23,797,940 24,961,531 1,163,591 4.89 Fixed assets 2,196,827 1,782,672 (414,155) (18.85) Intangible assets 613,095 1,894,511 1,281,416 209.01 Other assets 1,257,969 1,372,991 115,022 9.14 <strong>To</strong>tal assets 50,119,319 52,608,813 2,489,494 4.97 Current liabilities 18,244,889 19,353,409 1,108,520 6.08 Long-term debt 240,500 1,500,000 1,259,500 523.70 <strong>To</strong>tal liabilities 18,993,357 21,004,633 2,011,276 10.59 Capital 15,354,393 15,361,724 7,331 0.05 Capital reserves 4,169,505 4,153,640 (15,865) (0.38) Retained earnings 10,968,317 10,952,275 (16,042) (0.15) <strong>To</strong>tal shareholder equity 31,125,962 31,604,180 478,218 1.54 1. Analysis of changes in assets, liabilities, and shareholders’ equity in the most recent two years (changes over 20% and NT$10 million): (1) Intangible assets: the increase of intangible assets was mainly due to the trademark and patent acquired from the brand Magellan during the year. (2) Long-term liabilities: the increase of long-term liabilities was mainly due to the additional long-term borrowings taken during the year 2. The aforementioned changes did not have a significant impact on the company’s operation. 7.2. Analysis of business results Years 2008 2009 Unit: NT$ Thousand Amount changed Change in percentage % Items Gross operating revenue 65,271,859 60,760,648 (4,511,211) (6.91) Minus: Sales return and allowance (4,462,434) (2,721,233) (1,741,201) (39.02) Net operating revenue 60,809,425 58,039,415 (2,770,010) (4.56) Operating costs (56,091,211) (53,931,648) (2,159,563) (3.85) Gross profit 4,718,214 4,107,767 (610,447) (12.94) Operating expenses (5,306,699) (4,141,680) (1,165,019) (21.95) Operating income (losses) (588,485) (33,913) 554,572 94.24 Non-operating income and gains 1,433,674 465,950 (967,724) (67.50) Non-operating expenses and losses (209,745) (55,927) (153,818) (73.34) Income before income tax from continuing operations 635,444 376,110 (259,334) (40.81) Income tax expense (176,155) (86,948) (89,207) (50.64) Cumulative effect of changes in accounting principles - - - - Net income from continuing operations 459,289 289,162 (170,127) (37.04) ~161~
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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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April 30, 2010 Units:NT$ Thousand/
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April 30, 2010 Units:NT$ Thousand/
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April 30, 2010 Units:NT$ Thousand/
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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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MITAC INTERNATIONAL CORP. AND SUBSI
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MITAC INTERNATIONAL CORP. AND SUBSI
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2.Research, development, manufactur
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4) Classification of current and no
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11) Allowance for doubtful accounts
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18) Convertible bonds For convertib
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C. When a company’s treasury stoc
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