Letter To Shareholders - Mitac

D. Lian Jie Investment Co., Ltd. made a capital reduction in 2009 and returned share
capital of $16,893 to the Company.
8) Property, plant and equipment - net
Cost
December 31,
2009 2008
Land $ 1,027,626 $ 1,236,574
Buildings 4,911,980 5,233,813
Machinery 4,904,046 5,356,995
Computer and communication equipment 907,696 862,268
Transportation equipment 105,462 124,599
Furniture and fixtures 736,123 780,510
Leasehold improvements 63,537 68,140
Other equipment 965,436 982,364
13,621,906 14,645,263
Accumulated depreciation ( 6,871,740 ) ( 6,305,882 )
Accumulated impairment ( 12,149 ) ( 12,149 )
Construction in progress and prepayments for equipment 83,580 39,440
Net book value $ 6,821,597 $ 8,366,672
No interest expense was capitalized for the years ended December 31, 2009 and 2008.
9) Intangible Assets
A.
Patent rights
and technology Goodwill
Other intangible
assets (Note)
Trademarks
Total
Cost:
Book value, January 1, 2009 $ - $ - $ 1,289,824 $ 317,958 $ 1,607,782
Increase in current period
– single acquisition 398,368 1,030,223 285,665 332,800 2,047,056
Effects of exchange rate
changes - - ( 27,823) ( 20,241) ( 48,064)
Book value, December 31,
2009 398,368 1,030,223 1,547,666 630,517 3,606,774
Accumulated amortization:
Book value, January 1, 2009 - - - ( 48,644) ( 48,644)
Amortization for current
period - ( 147,175) - ( 42,494) ( 189,669)
Effects of exchange rate
changes - - - 2,504 2,504
Book value, December 31,
2009 - ( 147,175) - ( 88,634) ( 235,809)
Net book value, December
31, 2009 $ 398,368 $ 883,048 $ 1,547,666 $ 541,883 $ 3,370,965
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