COVER SHEET - 2Go

In August 2009, the Board of Directors of ATS approved the consolidation of its Audit Committee to the
newly created Audit and Corporate Governance Committee. The incumbent members of the said
Committee are Francis Chua as chairperson, Michelle Lu and Mark Williams as members, and Evan
McBride and Geoffrey Seeto as ex-officio members.
At its regular board meeting on April 23, 2009, the Board of Directors approved a resolution to
delegate to the Board of Directors the authority to appoint the Company’s external auditors. The
stockholders ratified the same resolution during its annual stockholders meeting.
In compliance with SEC guidelines on the rotation of external auditors under its SRC Rule 68,
Paragraph 3(b)(iv), ATS has already adopted and incorporated the said guidelines in its Code of
Corporate Governance.
Mr. Ladislao Z. Avila Jr. has been the signing partner since fiscal year 2006. He will be replaced
starting fiscal year 2011 in compliance with the five years rotation requirement under SRC Rule 68,
Paragraph 3(b)(iv).
(1) External Audit Fees and Services
Audit Fees
Audit-Related Fees
All Other Fees
Estimates for
December 31, 2011
Year ended
December 31, 2010
P 1,000,000 P 1,000,000
Year ended December
31, 2009
P 1,000,000
TOTAL P 1,000,000 P 1,000,000 P 1,000,000
Audit Fees
This represents professional fees for financial assurance services rendered for the Company’s Annual
Financial Statements, review and opinion for SEC Annual Report.
Audit-Related Fees
This represents professional fees for technology and security risk services rendered by the external
auditor in connection with the Audit on Company’s Annual Financial Statements.
All Other Fees
This represents fees for services rendered in reviewing and issuing opinion with regards to the
Company’s annual reportorial requirement with Maritime Industry Authority (MARINA).
Audit services provided to the Company by external auditor, SGV, have been pre-approved by the Audit
and Corporate Governance Committee. The Audit and Corporate Governance Committee has reviewed
the magnitude and nature of these services to ensure that they are compatible with maintaining the
independence of the external auditor.
(2) Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
There was no event in the past years where SGV and the Company had any disagreements with regard
to any matter relating to accounting principles or practices, financial statement disclosure or auditing
scope or procedure.
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