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Consolidated Financial Statements - Acer Group

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5ACER INCORPORATED AND SUBSIDIARIESNotes to <strong>Consolidated</strong> <strong>Financial</strong> <strong>Statements</strong> (continued)Percentage ofOwnershipAt December 31,Investor Investee Main business 2011 2010PBHOPBHOPBHOPBHOPBHOPackard Bell Belgium BVBA (“PBBE”,Belgium)Sale of brand-nameinformation technologyproductsPackard Bell Norden AS (“PBNO”, Norway) Sale of brand-nameinformation technologyproductsPackard Bell Schweiz GmbH (“PBCH”,Switzerland)NEC Computers South Africa (Pty) Ltd.(“PBZA”, South Africa)Sale of brand-nameinformation technologyproductsSale of brand-nameinformation technologyproductsPackard Bell Sverige AB (“PBSE”, Sewden) Sale of brand-nameinformation technologyproductsThe Company Boardwalk Capital Holdings Limited(“Boardwalk”, British Virgin Islands)Boardwalk <strong>Acer</strong> Computer Mexico, S.A. de C.V.(“AMEX”, Mexico)BoardwalkBoardwalkBoardwalkAMEX<strong>Acer</strong> American Holding Corp. (“AAH”,USA)AGP Tecnologia em Informatica do BrasilLtda. (“ATB”, Brazil)Boarkwalk Cooperatief Holding U.A(“BCH”, the Netherlands)Aurion Tecnologia, S.A. de C.V. (“Aurion”,Mexico)Investing and holdingcompanySale of brand-nameinformation technologyproductsInvesting and holdingcompanySale of brand-nameinformation technologyproductsInvesting and holdingcompanySale of brand-nameinformation technologyproductsAAH Gateway, Inc. (“GWI”, U.S.A.) Sale of brand-nameinformation technologyproductsGWI(Note)GWI<strong>Acer</strong> Latin America, Inc. (“ALA”, U.S.A.)Sale of brand-nameinformation technologyproducts<strong>Acer</strong> America Corporation. (“AAC”, U.S.A.) Sale of brand-nameinformation technologyproductsGWI <strong>Acer</strong> Service Corporation (“ASC”, U.S.A.) Repair and maintenanceof informationtechnology productsGWI Gateway US Retail, Inc. (“GRA”, U.S.A.) Investing and holdingcompanyGWI Gateway Direct, Inc. (“GDA”, U.S.A.) Sale of brand-nameinformation technologyproducts100.00 100.00100.00 100.00100.00 100.0050.81 50.81100.00 100.00100.00 100.0099.92 99.92100.00 100.00100.00 100.00100.00 100.0099.92 99.92100.00 100.00100.00 100.0099.92 99.92100.00 100.00100.00 100.00100.00 100.00(Continued)

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