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Independent Accountants' Review Report (English Translation of Financial Report Originally Issued In Chinese) QUANTA COMPUTER INC. FINANCIAL STATEMENTS JUNE 30, 2012 AND 2011 (WITH INDEPENDENT AUDITORS’ REPORT THEREON) Address: No. 188 Wen Hwa 2nd Rd., Kuei Shan Hsiang , Tao Yuan Shien, Taiwan Telephone: 886-3-327-2345 - 1 - WorldReginfo - ff7f59af-5a34-4c96-b8cd-29c8690ed675 TABLE OF CONTENTS Contents Page Cover Page 1 Table of Contents 2 Independent Auditor’s Report 3 Balance Sheets 4 Statements of Income 5 Statements of Changes in Stockholders’ Equity 6 Statements of Cash Flows 7 Notes to Financial Statements 8-48 - 2 - WorldReginfo - ff7f59af-5a34-4c96-b8cd-29c8690ed675 (English Translation of Financial Report Originally Issued In Chinese) Independent Auditors’ Report To the Board of Directors and Shareholders of Quanta Computer Inc.: We have audited the accompanying balance sheets of Quanta Computer Inc. (the Company) as of June 30, 2012 and 2011, and the related statements of income, changes in stockholders’ equity, and cash flows for the six months then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits. Except as described in the following paragraph, we conducted our audits in accordance with “Rules Governing Auditing and Certification of Financial Statements by Certified Public Accountants” and auditing standards generally accepted in the Republic of China. Those regulations and standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. As described in Note 4(e) to the financial statements, the long-term investments at equity of Quanta Computer Inc. was stated at NT$33,811,906 thousand and NT$27,056,132 thousand as of June 30, 2012 and 2011, respectively. Investment income related thereto, which amounted to NT$2,460,228 thousand and NT$1,415,617 thousand for the six months ended June 30, 2012 and 2011, respectively, were recognized based upon the financial statements prepared by the investee companies, which were not audited by independent accountants in compliance with the audit procedures described in the preceding paragraph. In our opinion, based on our audits, except as discussed in the preceding paragraph that the carrying values of equity-accounted investments and the investment net income, as well as related disclosures of the investment information were based on unaudited financial statements of the investees, and that the effects of such adjustment, if any, as might have been required had the investees’ financial statements referred to in preceding paragraph, the financial statements referred to above present fairly, in all material respects, the financial position of Quanta Computer Inc. as of June 30, 2012 and 2011, and the results of its operations and its cash flows for the six months then ended in conformity with the related financial accounting standards of the “Business Entity Accounting Act” and of the “Regulation on Business Entity Accounting Handling”, and accounting principles generally accepted in the Republic of China and the Guidelines Governing the Preparation of Financial Reports by Securities Issuers. - 3 - WorldReginfo - ff7f59af-5a34-4c96-b8cd-29c8690ed675 Quanta Computer Inc. has prepared consolidated financial statements as of and for the six months ended June 30, 2012 and 2011, on which we have both expressed the qualified review reports. KPMG CPA: Lin, Wan Wan Chiang, Chung Yi August 30, 2012 Note to Readers The accompanying financial statements are intended only to present the financial position, results of operations and cash flows in accordance with the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such financial statements are those generally accepted and applied in the Republic of China. The auditors’ report and the accompanying financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of, the English and Chinese language auditors’ report and financial statements, the Chinese version shall prevail. - 3 - WorldReginfo - ff7f59af-5a34-4c96-b8cd-29c8690ed675 (English Translation of Financial Report Originally Issued in Chinese) QUANTA COMPUTER INC. BALANCE SHEETS JUNE 30, 2012 AND 2011 (All Amounts Expressed in Thousands of New Taiwan Dollars, Except for Share Data) June 30, 2012 June 30, 2011 Amount % Amount % ASSETS Current Assets: Cash and cash equivalents (Notes(2) and (4)(a)) $ 74,001,746 20 64,009,506 19 Financial assets reported at fair value through profit or loss-current (Notes(2) and (4)(b)) 750,345 - 5,749 - Available-for-sale financial assets - current (Notes(2) and (4)(b)) 17,407,448 5 22,773,382 7 Held-to-maturity financial assets - current (Notes (2) and (4)(b)) - - 86,460 - Notes receivable, net 1,023 - 642 - Accounts receivable, net (Notes(2) and (4)(c)) – Related parties (Note(5)) 47,222,017 13 40,651,016 12 – Other customers 134,072,431 36 128,541,292 37 Other receivables, net – Related parties (Note(5)) 568,310 - 752,308 - – Non-related parties 904,863 - 857,953 - Other financial assets – current 354 - 645 - Inventories (Notes(2) and (4)(d)) 42,457,418 11 39,247,226 11 Prepayments (Note(5)) 260,401 - 412,832 - Deferred income tax assets – current (Notes(2) and (4)(j)) 1,740,877 1 1,550,856 - Other current assets (Note(5)) 132,803 - 277,695 - 319,520,036 86 299,167,562 86 Investments: Available-for-sale financial assets － noncurrent (Notes(2) and (4)(b)) 111,190 - 313,804 - Financial assets carried at cost － noncurrent (Notes(2) and (4)(b)) 6,993,550 2 7,200,773 2 Long-term investments at equity (Notes(2) and (4)(e)) 35,747,026 10 29,558,362 9 Other financial assets －noncurrent (Notes(6)) 41,092 - 31,449 - 42,892,858 12 37,104,388 11 Property, Plant, and Equipment, at cost (Notes(2)) : Land 2,000,789 1 2,000,789 1 Buildings 5,467,848 2 5,452,220 2 Machinery and equipment 285,219 - 628,542 - Transportation equipment 13,254 - 13,157 - Furniture and office facilities 343,771 - 282,593 - Leasehold improvements 14,134 - 11,947 - Miscellaneous equipment 1,332,925 - 1,161,984 - 9,457,940 3 9,551,232 3 Less: Accumulated depreciation (1,890,702) (1) (1,458,617) - Prepayments for equipment 105,540 - 5,141 - 7,672,778 2 8,097,756 3 Intangible Assets (Note(2)) 45,460 - 45,471 - Other Assets: Rental assets (Notes(2) and (4)(f)) 1,488,114 - 1,500,779 - Other assets (Note(2)) 3,318 - 3,668 - 1,491,432 - 1,504,447 - TOTAL ASSETS $ 371,622,564 100 345,919,624 100 The accompanying notes are an integral part of the financial statements. - 4 - WorldReginfo - ff7f59af-5a34-4c96-b8cd-29c8690ed675 (English Translation of Financial Report Originally Issued in Chinese) QUANTA COMPUTER INC. BALANCE SHEETS (CONT'D) JUNE 30, 2012 AND 2011 (All Amounts Expressed in Thousands of New Taiwan Dollars, Except for Share Data) June 30, 2012 June 30, 2011 LIABILITIES AND STOCKHOLDERS' EQUITY Amount % Amount % Current Liabilities: Short-term debt (Note(4)(g)) $ 51,103,360 14 43,172,360 13 Financial liabilities reported at fair value through profit or loss-current (Notes(2) and (4)(b)) 394 - 1,848 - Accounts payable – Related parties (Note(5)) 73,757,573 20 72,977,113 21 – Vendors 61,974,346 16 55,052,410 16 Income tax payable 2,873,027 1 2,856,234 1 Accrued expenses (Note(5)) 7,105,251 2 6,830,672 2 Other payables (Note(5)) 18,417,076 5 20,893,003 6 Other financial liabilities – current (Notes(5)) 6,835,147 2 4,319,959 1 Current portion of long-term debt (Note (4)(h)) 10,771,200 3 - - Warranty reserve 8,556,308 2 9,321,126 3 Other current liabilities (Note(5)) 5,888,257 2 4,284,095 1 247,281,939 67 219,708,820 64 Long-Term Liabilities: Long-term debt (Note(4)(h)) 9,873,600 3 19,885,800 6 Other financial liabilities – noncurrent 16,229 - 15,748 - 9,889,829 3 19,901,548 6 Other Liabilities: Long-term investments at equity-credit (Notes(2) and (4)(e)) 31,434 - 32,702 - Deferred income tax liabilities – noncurrent (Notes(2) and (4)(j)) 1,423,892 - 1,048,628 - Deferred credits (Note(2)) 751,662 - 410,315 - 2,206,988 - 1,491,645 - Total Liabilities 259,378,756 70 241,102,013 70 Stockholders' Equity: Common stock – authorized 4,200,000 thousand shares, 3,846,860 thousand shares issued and outstanding in 2012; 3,840,148 thousand shares issued and outstanding in 2011 38,468,604 10 38,401,484 11 (Note((4)(k)) Capital Surplus (Notes((2)) Premium on stock issuance 13,489,619 4 13,334,606 4 Treasury stock 195,876 - 172,976 - Donated surplus 44 - 44 - Long-term investments at equity 520,167 - 507,759 - 14,205,706 4 14,015,385 4 Retained Earnings: Legal reserve (Note((4)(l)) 20,911,902 6 18,606,648 5 Special reserve (Note((4)(m)) 4,027,178 1 - - Retained earnings – unappropriated (Note((4)(o)) 38,995,000 10 37,642,061 11 63,934,080 17 56,248,709 16 Other Adjustments to Stockholders' Equity: Cumulative translation adjustments (Note((2)) 2,729,678 1 968,207 - Net loss unrecognized as pension cost (Note((2)) - - (74) - Unrealized (loss)gain on financial instruments (Note((2)) (6,761,166) (2) (4,430,631) (1) Treasury stock (Notes(2) and (4)(p)) (333,094) - (385,469) - (4,364,582) (1) (3,847,967) (1) Total Stockholders' Equity 112,243,808 30 104,817,611 30 Commitments and Contingencies (Note(7)) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 371,622,564 100 345,919,624 100 The accompanying notes are an integral part of the financial statements.
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