Letter To Shareholders - Mitac

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1. Financial structure (1) Debt ratio = Total liabilities / Total assets (2) Ratio of long-term funds to fixed assets= (Net shareholders’ equity + Long-term debts) / Net fixed assets 2. Solvency (1) Current ratio = Current assets / Current liabilities (2) Quick ratio = (Current assets – Inventory – Prepaid expenses) / Current liabilities (3) Time-Interest-earned ratio = Income before income tax and interest expense / Interest expense 3. Operational capability (1) A/R turnover (times) = Net sales / Average receivables balance (including accounts receivable and notes receivable from operations) in various terms (2) A/R turnover days= 365 / A/R turnover (times) (3) Inventory turnover (times) = Cost of goods sold / Average inventory (4) AP turnover (times) = Cost of goods sold / Average accounts payable balance (including accounts payable and notes payable from operations) in various terms (5) Inventory turnover days = 365 / Inventory turnover (times) (6) Fixed assets turnover (times) = Net sales / Net fixed assets (7) Total asset turnover (times) = Net sales / Total assets 4. Profitability (1) Return on assets ={Profit after tax +〔Interest expenses x (1 – (tax rate)〕}/Average of total assets (2) Return on shareholders’ equity = Profit after tax / Average net equity (3) Net income ratio = Profit after tax / Net sales (4) EPS = (Profit after tax – Dividend from preferred stock) / Weighted average of outstanding shares 5. Cash Flow (1) Cash flow ratio = Cash flow from operations / Current liabilities (2) Cash flow adequacy ratio = Most recent five-year cash flow from operations / Most recent five-year (sum of capital expenditures, increases in inventory, cash dividends) (3) Cash reinvestment ratio = (Cash flow from operating activities – Cash dividend) / (Gross fixed assets + Long-term investment + other assets + Working capital) 6. Leverage (1) Operating leverage = (Net revenue – Variable cost of goods sold and operating expenses) / Operating income (2) Financial leverage = Operating income / (Operating income – Interest expense) 90
6.3. Supervisors’ Report of the most recent year MiTAC INTERNATIONAL CORP. Supervisors’ Report The Board of Directors of the Company has prepared the 2009 Business report, financial report, and Earning Distribution Proposal. The undersigned supervisors have reviewed the financial report and the aforesaid documents, and did not find any incompliance. In accordance with Article 219 of the Company Law, it is hereby submitted for your review and perusal. TO: The fiscal year 2010 Annual Shareholders’ Meeting of MiTAC International Corp. Supervisor: Arthur Chiao Charles Jin (Representative of Lien Hwa Industrial Corp.) Apr. 28, 2010 91
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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
Page 43 and 44: MiTAC International Corp. Regulatio
Page 45 and 46: converting price is to be adjusted
Page 47 and 48: total issuance value, the Company m
Page 49 and 50: 4.3 Employees’ stock options 4.3.
Page 51 and 52: April 30, 2010 Type of employees’
Page 53 and 54: April 30, 2010 Units:NT$ Thousand/
Page 55 and 56: April 30, 2010 Units:NT$ Thousand/S
Page 63 and 64: ‧Personal computers with wire or
Page 65 and 66: (6) Since many worldly famous compa
Page 67 and 68: communication technologies mature i
Page 69 and 70: manufactured for the mainstream mar
Page 71 and 72: state-of-the-art hardware with navi
Page 73 and 74: devices, establishes connection wit
Page 75 and 76: downstream technologies to develop
Page 77 and 78: 2009, and 1.3 million units sold in
Page 79 and 80: customer satisfaction for a greater
Page 81 and 82: 5.2.2 Important applications and pr
Page 83 and 84: Volume/value Year 2008 2009 Major p
Page 85 and 86: 5.4.2 MiTAC’s environmental healt
Page 87 and 88: consumption. To comply with the REA
Page 89 and 90: and the integration of all our comp
Page 91 and 92: 6. Financial Statement 6.1. Most re
Page 93: 6.2. Financial analysis in most rec
Page 97 and 98: MITAC INTERNATIONAL CORP. AND SUBSI
Page 103 and 104: 2.Research, development, manufactur
Page 105 and 106: 4) Classification of current and no
Page 107 and 108: 11) Allowance for doubtful accounts
Page 109 and 110: 18) Convertible bonds For convertib
Page 111 and 112: C. When a company’s treasury stoc
Page 113 and 114: B. The Company's investee, G. Marso
Page 115 and 116: D. Lian Jie Investment Co., Ltd. ma
Page 117 and 118: than the sum of carrying value of i
Page 119 and 120: 14) Long-term loans December 31, Ba
Page 121 and 122: 17) Capital reserve The R.O.C. Secu
Page 123 and 124: 19) Share-based payment ─ employe
Page 125 and 126: (b) As of December 31, 2009, the su
Page 127 and 128: G. (a) A summary of the movements u
Page 129 and 130: (c) The Company assumed the employe
Page 131 and 132: exceed the sum of retained earnings
Page 133 and 134: C. Components of deferred income ta
Page 135 and 136: 21) Earnings per share Income befor
Page 137 and 138: treasury stock. 23) Personnel, depr
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
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11.SUPPLEMENTARY DISCLOSURES A. Inf
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Note 2: 47,500,000 shares were pled
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(8) Receivables from related partie
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B. Information of Subsidiaries: (1)
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Note 3: Equal to 50% of the net wor
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(5) Marketable securities for which
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(10) Information on derivative tran
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) Major transactions with the subsi
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D) The relation of business and imp
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12. SEGMENT INFORMATION 1) Operatio
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7 Assessment of financial condition
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7.3 Cash flow analysis Unit: NT$ Th
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7.5.2 Influences of the interest ra
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(4) Enterprise and channel servers/
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8.1. Information of affiliates 8.1.
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2. Affiliated companies - basic dat
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Company Name Date established Addre
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MiTAC (U.K.) Ltd. Sales of MiTAC’
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Company name Title Name or Rep. Sha
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8.2. MiTAC’s stocks held or dispo
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Letter To Shareholders - Mitac

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