Consolidated Financial Statements - Acer Group

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2ACER INCORPORATED AND SUBSIDIARIESNotes to Consolidated Financial Statements (continued)The consolidated financial statements include the accounts of the Company and subsidiaries in whichthe Company is able to exercise control over the subsidiary‟s operations and financial policies. Theoperating activity of the subsidiary is included in the consolidated statements of operations from thedate that control commences until the date that control ceases. All significant inter-companybalances and transactions are eliminated in consolidation. The Consolidated Companies consisted ofthe following:Percentage ofOwnershipAt December 31,Investor Investee Main business 2011 2010The Company Acer Greater China (B.V.I.) Corp. (“AGC”,British Virgin Islands)Investing and holdingcompanyAGC Acer Market Services Limited (“AMS”, Hong Sale of brand-nameKong)information technologyproductsAGC Acer Computer (Far East) Limited (“AFE”, Sale of brand-nameHong Kong)information technologyproductsAGC Acer Intellectual (Chongqing) Limited Sale of smart hand held(“AICQ”, China)productsAGCAMSAMSAMSAcer Information Technology R&D(Shanghai) Co., Ltd. (“ARD”, China)Acer Information (Zhong Shan) Co., Ltd.(“AIZS”, China)Beijing Acer Information Co., Ltd. (“BJAI”,China)Acer Computer (Shanghai) Ltd. (“ACCN”,China)Research, design and saleof smart hand heldproductsSale of brand-nameinformation technologyproductsSale of brand-nameinformation technologyproductsSale of brand-nameinformation technologyproductsAMS Acer (Chongqing) Ltd. (“ACCQ”, China) Sale of brand-nameinformation technologyproductsThe Company Acer European Holding B.V. (“AEH”,Netherlands Antilles )Investing and holdingcompanyAEH Acer Europe B.V. (“AHN”, the Netherlands) Investing and holdingcompanyAEH Acer Computer B.V. (“ACH”, theSale of brand-nameNetherlands)information technologyAEHAEHAEHAcer CIS Incorporated (“ACR”, BritishVirgin Islands)Acer BSEC Inc. (“AUA”, British VirginIslands)Acer Computer (M.E.) Ltd. (“AME”, BritishVirgin Islands)productsSale of brand-nameinformation technologyproductsSale of brand-nameinformation technologyproductsSale of brand-nameinformation technologyproducts100.00 100.00100.00 100.00100.00 100.00100.00 -100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00(Continued)
3ACER INCORPORATED AND SUBSIDIARIESNotes to Consolidated Financial Statements (continued)Percentage ofOwnershipAt December 31,Investor Investee Main business 2011 2010AEHAEHAcer Africa (Proprietary) Limited (“AAF”,South Africa)AGP Insurance (Guernsey) Limited. (“AGU”,British Guernsey Island)Sale of brand-nameinformation technologyproducts100.00 100.00Financial company 100.00 100.00AHNAHNAcer Computer France S.A.S.U. (“ACF”,France)Acer U.K. Limited (“AUK”, the UnitedKingdom)Sale of brand-nameinformation technologyproductsSale of brand-nameinformation technologyproductsAHN Acer Italy S.R.L. (“AIT”, Italy) Sale of brand-nameinformation technologyproductsAHN Acer Computer GmbH (“ACG”, Germany) Sale of brand-nameinformation technologyproductsAHN Acer Austria GmbH (“ACV”, Austria) Sale of brand-nameinformation technologyproductsAHN Acer Europe Services S.R.L. (“AES”, Italy) Sale of brand-nameinformation technologyproductsAHN Acer Europe SA (“AEG”, Switzerland) Sale of brand-nameinformation technologyproductsAHNAHNAcer Czech Republic S.R.O. (“ACZ”, CzechRepublic)Esplex Limited (“AEX”, the UnitedKingdom)Sale of brand-nameinformation technologyproductsSale of brand-nameinformation technologyproductsAHN Acer Computer Iberica, S.A. (“AIB”, Spain) Sale of brand-nameinformation technologyproductsAHNAcer Computer (Switzerland) AG (“ASZ”,Switzerland)Sale of brand-nameinformation technologyproductsAHN Acer Slovakia s.r.o. (“ASK”, Slovakia) Sale of brand-nameinformation technologyproductsAHNAcer International Services GmbH (“AIS”,Switzerland)Sale of brand-nameinformation technologyproductsAHN Asplex Sp. z.o.o. (“APX”, Poland) Repair and maintenanceof informationtechnology productsAHNAcer Marketing Services LLC (“ARU”,Russia)Sale of brand-nameinformation technologyproducts100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00100.00 100.00(Continued)
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Consolidated Financial Statements - Acer Group

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