Letter To Shareholders - Mitac

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6. Operations overview of affiliated companies: (Unit: NT$ Thousand) Total Stockholder’s Operating Operating Net Income EPS(NT$) Company name Capital Total assets liabilities Equity Revenues Income (after tax) (after tax) MiTAC International Corp. 15,361,724 52,608,813 21,004,633 31,604,180 58,039,415 (33,913) 289,162 0.19 Tsu Fung Investment Corp. 1,065,289 1,655,270 19,394 1,635,876 150,766 124,261 105,154 0.99 Silver Star Developments Ltd. - Consolidated 6,902,318 26,658,045 12,120,200 14,537,845 34,186,658 (1,496,607) (637,026) (2.96) MiTAC U.S.A. Inc. 88,083 131,308 30,812 100,496 172,754 8,219 4,947 3.71 MiTAC Japan Corp. 17,360 134,464 152,759 (18,295) 328,728 (15,785) (39,081) (39,080.58) Mio Technology Benelux N.V. 74,599 592,298 470,585 121,713 1,954,277 (180,435) (191,033) (2,927.71) MiTAC(UK)Ltd. 27,296 25,882 19,033 6,849 62,647 2,171 1,076 2.15 MiTAC Pacific (H.K.) Ltd. 320 83,483 80,332 3,151 0 (198) (196) (19.62) System Glory International Ltd. 0 241,183 38,191 202,992 0 0 34,253 34,253,398.17 Pacific China Corp. 3,873,192 3,982,654 3,203 3,979,451 0 (6) (475) 0.00 MiTAC Star Service Ltd. 2,386,235 2,403,876 0 2,403,876 0 0 0 0.00 Software Insights Ltd. 166,559 140,495 0 140,495 0 0 0 0.00 MiTAC Computer (KunShan) co., Ltd. 1,427,519 3,959,668 1,991,315 1,968,353 11,105,740 13,384 41,216 N/A MiTAC Service (Shanghai) co., Ltd. 38,827 72,885 16,542 56,343 84,102 3,731 2,892 N/A MiTAC Computer (Shunde) Ltd. 2,893,482 4,002,150 652,920 3,349,230 1,660,461 71,468 (90,723) N/A MiTAC Research (Shanghai) Ltd. 201,894 368,551 80,673 287,878 347,928 12,243 22,375 N/A Mio Technology Corp. 5,000 32,270 6,650 25,620 95,672 3,879 2,854 5.71 Start Well Technology Ltd. 957,697 1,220,455 6,500 1,213,955 0 0 0 0.00 Dynamic Star Investment Ltd. 17,617 32,038 0 32,038 0 0 0 0.00 MiTAC Technology (KunShan) co., Ltd. 38,826 95,165 27,881 67,284 76,377 6,355 5,400 N/A Mio International Ltd 40,838 1,922,514 1,880,643 41,871 12,396,114 0 0 0.00 Magicmate Group Ltd. 3,559 3,566 0 3,566 0 0 0 0.00 Mio Technology Korea 2,752 103,770 102,631 1,139 120,035 4,850 5,070 253.5 Huge Extent Limited 256,240 256,240 0 256,240 0 0 0 0.00 Mio Technology (Cheng Du) Ltd. 49,021 58,452 7,854 50,598 38,953 2,150 2,011 N/A Booming Enterprises Inc. 249,834 249,834 0 249,834 0 0 0 0.00 Mio Technology USA Ltd. 73,575 124,889 102,969 21,920 414,712 (21,731) (53,311) (6,663.87) MiTAC Australia Pty Ltd. 3,656 1,135,398 1,143,412 (8,014) 1,627,319 20,379 38,778 305.34 Navman Technology NZ Ltd. 3,254 145,987 92,305 53,682 371,517 17,127 11,301 80.72 Mio Technology UK Ltd. 307,257 586,137 1,148,831 (562,694) 2,196,298 (336,565) (380,949) (69.17) DLC Technology Corp. 66,000 48,905 326 48,579 0 (1,093) (856) (0.13) Mio Technology Ltd. (Shuzhou) 9,194 171,446 154,389 17,057 541,561 9,023 6,966 N/A Foreground Technology Limited 289,727 505,600 47 505,553 0 0 (4,611) (0.51) Tyan Computer Corporation - USA 126,529 623,948 109,338 514,610 1,426,451 13,087 8,977 8,977.11 Tyan Computer Corporation - GMBH 1,179 6,389 188 6,201 0 (586) (567) N/A Top Sheen Enterprises Ltd. 654,680 640,600 0 640,600 0 0 (11,041) (0.54) Best Profit Ltd. 1,189,313 1,189,316 0 1,189,316 0 0 0 0.00 Bright Crown Management Ltd. 22,421 22,421 0 22,421 0 0 0 0.00 Sky Universe Enterprises Ltd. 3,203 3,203 0 3,203 0 0 0 0.00 MiTAC Logistics Corporation 3,203 1,201,648 1,185,653 15,995 6,190,975 33,272 22,164 221.64 Mass Bridge Ltd. 176,165 176,872 0 176,872 0 0 (330) (0.06) MiTAC Computer (Vietnam) Co., Ltd 176,165 176,782 0 176,782 0 (6) 143 N/A Great Rich Limited 67,743 67,743 0 67,743 0 0 0 0.00 MiTAC Cooperatie U.A. 69,150 69,997 1,165 68,832 0 (89) (317) N/A MiTAC Netherlands B.V. 69,980 69,547 69 69,478 0 (515) (501) (32.99) MiTAC Information Technology Ltd. 9,609 9,609 0 9,609 0 0 0 N/A Mitac Digital Corporation 640,600 6,255,309 6,330,687 (75,378) 5,969,222 (742,694) (738,943) (36.95) MiTAC Logistic Service (KunShan) LTD. 13,135 12,677 332 12,345 4,210 114 226 N/A Note1::If the affiliated enterprise is a foreign company, relevant figures are quoted in NT Dollars and are calculated based on th exchange rate on the day they were reported. Note2:Silver Star Developments Ltd. – Consolidated information is combine Silver Star Developments Ltd and it’s subsidiary company. Note3:Based on exchange rates at the end of 2009: Month-end Average Month-end Average Month-end Average USD: 32.030 33.057 AUD: 28.790 26.111 RMB: 4.691 4.839 GBP: 51.600 51.666 NZD: 23.240 20.945 KRW: 0.028 0.026 EUR: 46.100 46.006 JPY: 0.347 0.354 ~178~
8.2. MiTAC’s stocks held or disposed by its subsidiaries in the most recent year and up to the publication of this annual report: Subsidiary Capital collected Source Of fund Holdings of MiTAC Acquisition or disposition date Stock shares and value acquired Stock shares and value disposed Return on invest ment Shares and value holdings up to the publication of the annual report Mortgage April 30, 2010 Unit: NT$ Thousand; shares; % Endorsement amount for MiTAC’s subsidiary Loans to subsidiary 2009 - - - Silver Star Developments Ltd. US$215,495 Selfsufficient fund and loans 100% 2010 up to the publication of the annual Report. - - - 2,763,889 shares $77,002 - - - Tsu Fong Investment Corp. 1,065,289 Selfsufficient fund and loans 100% 2009 - - - 2010 up to the publication of the annual Report. - - - 20,366,568 shares $276,084 - 160,000 - ~179~
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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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‧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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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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B. The Company's investee, G. Marso
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D. Lian Jie Investment Co., Ltd. ma
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than the sum of carrying value of i
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14) Long-term loans December 31, Ba
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17) Capital reserve The R.O.C. Secu
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19) Share-based payment ─ employe
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(b) As of December 31, 2009, the su
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G. (a) A summary of the movements u
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(c) The Company assumed the employe
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Page 133 and 134: C. Components of deferred income ta
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Page 139 and 140: E. Accounts payable As of December
Page 141 and 142: 10. OTHER INFORMATION 1) The fair v
Page 143 and 144: (c) Short-term financial instrument
Page 145 and 146: 11.SUPPLEMENTARY DISCLOSURES A. Inf
Page 147 and 148: Note 2: 47,500,000 shares were pled
Page 149 and 150: (8) Receivables from related partie
Page 151 and 152: B. Information of Subsidiaries: (1)
Page 153 and 154: Note 3: Equal to 50% of the net wor
Page 155 and 156: (5) Marketable securities for which
Page 157 and 158: (10) Information on derivative tran
Page 159 and 160: ) Major transactions with the subsi
Page 161 and 162: D) The relation of business and imp
Page 163 and 164: 12. SEGMENT INFORMATION 1) Operatio
Page 165 and 166: 7 Assessment of financial condition
Page 167 and 168: 7.3 Cash flow analysis Unit: NT$ Th
Page 169 and 170: 7.5.2 Influences of the interest ra
Page 171 and 172: (4) Enterprise and channel servers/
Page 173 and 174: 8.1. Information of affiliates 8.1.
Page 175 and 176: 2. Affiliated companies - basic dat
Page 177 and 178: Company Name Date established Addre
Page 179 and 180: MiTAC (U.K.) Ltd. Sales of MiTAC’
Page 181: Company name Title Name or Rep. Sha
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Letter To Shareholders - Mitac

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