Consolidated Financial Statements - Acer Group

54ACER INCORPORATED AND SUBSIDIARIESNotes to Consolidated Financial Statements (continued)5. Transactions with Related Parties(1) Names and relationships of related parties with the Consolidated CompaniesNameWistron Corporation (“Wistron”)Cowin Worldwide Corporation (“COWIN”)Bluechip Infotech Pty Ltd. (“Bluechip”)E-Life Mall Corp. (“E-Life”)iDSoftCapital Inc.Fizzle Investment Limited („Fizzle”)Circle Line Marketing & Communication S.R.L.(“Circle Line”)Breakout S.R.L. (“Breakout”)Prime Media LLC (“Prime Media”)Directors, supervisors, chief executive officers and vicepresidentsRelationship with the CompanyInvestee of the Company accounted forby equity methodSubsidiary of WistronInvestee of the Company accounted forby equity methodInvestee of the Company accounted forby equity method prior to April 1,2011 Since April 1, 2011, it was not arelated party of the ConsolidatedCompanies.Its chairman is one of the Company‟ssupervisorsInvestee of the Consolidated Companiesaccounted for by equity methodSubsidiary of FizzleSubsidiary of FizzleSubsidiary of FizzleThe Consolidated Companies‟ executiveofficers(2) Significant transactions with related parties as of and for the years ended December 31, 2011 and2010 were as follows:(a) Net sales and related notes and accounts receivable(i) Net sales to:2011 2010NT$ US$ NT$Bluechip 619,907 20,465 904,917E-Life 192,552 6,357 680,814Other 38,069 1,257 97,149850,528 28,079 1,682,880The sales prices and payment terms to related parties were not significantly different fromthose of sales to non-related parties.(Continued)