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Registered number: 13578181










MEDIATEK GLOBAL HOLDINGS LIMITED










DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Directors
Ku Ta-Wei 
Su Wen-Tang 




Registered number
13578181



Registered office
Building 2010
Cambourne Business Park

Cambourne

Cambridge

United Kingdom

CB23 6DW




Independent auditors
Sumer Auditco Limited
Chartered Accountants & Statutory Auditors

14th Floor

33 Cavendish Square

London

W1G 0PW





 
MEDIATEK GLOBAL HOLDINGS LIMITED
 

CONTENTS



Page
Directors' Report
1 - 2
Independent Auditors' Report
3 - 6
Statement of Comprehensive Income
7
Balance Sheet
8
Statement of Changes in Equity
9
Notes to the Financial Statements
10 - 18


 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company was that of an investment holding company.

Directors

The directors who served during the year were:

Ku Ta-Wei  
Su Wen-Tang (appointed 31 March 2023)

Qualifying third party indemnity provisions

The company has granted an indemnity to its director against liability in respect of proceedings brought by third parties, subject to the conditions set out in section 234 of the Companies Act 2006. Such qualifying third party indemnity provision remains in force as at the date of approving the Director's Report.

Page 1

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditorsSumer Auditco Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Ku Ta-Wei
Director

Date: 4 November 2024

Page 2

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MEDIATEK GLOBAL HOLDINGS LIMITED
 

Opinion


We have audited the financial statements of MediaTek Global Holdings Limited (the 'Company') for the year ended 31 December 2023, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2023 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 3

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MEDIATEK GLOBAL HOLDINGS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Directors' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.


Page 4

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MEDIATEK GLOBAL HOLDINGS LIMITED (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In order to identify and assess the risks of material misstatements, including fraud and non- Compliance with laws and regulations that could be expected to have a material impact on the financial statements, we have considered:
 
the results of our enquiries of management and those charged with governance of their assessment of the risks of fraud and irregularities;
the nature of the company, including its management structure and control systems (including the opportunity for management to override such controls); and
the industry and environment in which it operates.
 
We also considered UK tax legislation and laws and regulations relating to employment and the preparation and presentation of the financial statements such as the Companies Act 2006.
 
Based on this understanding we identified the following matters as being of significance to the entity:
 
laws and regulations considered to have a direct effect on the financial statements including UK financial reporting standards, Company Law, tax legislation and distributable profits legislation;
management bias in selecting accounting policies and determining estimates; and
the requirement to impair investments in the subsidiary and the amount of any such impairment.
 
We communicated the outcomes of these discussions and enquiries, as well as consideration as to where and how fraud may occur in the entity, to all engagement team members.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised:
 
Page 5

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MEDIATEK GLOBAL HOLDINGS LIMITED (CONTINUED)


enquiries of management and those charged with as to whether the entity complies with such laws and regulations;
enquiries with the same concerning any actual or potential litigation or claims;
discussion with the same regarding any known or suspected instances of non-compliance with laws and regulation and fraud;
assessment of matters reported to management and the result of the subsequent investigation;
challenging assumptions made by management in their specific accounting policies and estimates, in particular in relation to impairment of investments;
reviewing the financial statements for compliance with the relevant disclosure requirements;
performing analytical procedures to identify any unusual or unexpected relationships or unexpected movements in account balances which may be indicative of fraud;
reviewing the minutes of board meetings and correspondence with HMRC; and
evaluating the underlying business reasons for any unusual transactions.
 
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAS (UK).
 


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Andrew Mark ACA (Senior Statutory Auditor)
for and on behalf of
Sumer Auditco Limited
Chartered Accountants
Statutory Auditors
14th Floor
33 Cavendish Square
London
W1G 0PW

4 November 2024
Page 6

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2023

2023
Period ended 31 December 2022
Note
$
$

  

Administrative expenses
  
(39,341)
-

Operating (loss)/profit
  
(39,341)
-

Interest receivable and similar income
 6 
19,750
4,054

(Loss)/profit before tax
  
(19,591)
4,054

Tax on (loss)/profit
 7 
(742)
-

(Loss)/profit for the financial year
  
(20,333)
4,054

There was no other comprehensive income for 2023 (2022: $NIL).

The notes on pages 10 to 18 form part of these financial statements.

Page 7

 
MEDIATEK GLOBAL HOLDINGS LIMITED
REGISTERED NUMBER: 13578181

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
$
$

  

Fixed assets
  

Investments
 8 
4,084,618,214
3,449,618,214

  
4,084,618,214
3,449,618,214

Current assets
  

Cash at bank and in hand
 11 
495,183
504,055

  
495,183
504,055

Creditors: amounts falling due within one year
 12 
(11,461)
-

Net current assets
  
 
 
483,722
 
 
504,055

Total assets less current liabilities
  
4,085,101,936
3,450,122,269

  

  

  

Net assets
  
4,085,101,936
3,450,122,269


Capital and reserves
  

Called up share capital 
 10 
4,085,118,214
3,450,118,214

Share premium account
 13 
1
1

Profit and loss account
 13 
(16,279)
4,054

  
4,085,101,936
3,450,122,269


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ku Ta-Wei
Director

Date: 4 November 2024

The notes on pages 10 to 18 form part of these financial statements.

Page 8

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

$
$
$
$


At 23 August 2021
-
-
-
-



Profit for the period
-
-
4,054
4,054

Issue of share capital
3,450,118,214
1
-
3,450,118,215



At 1 January 2023
3,450,118,214
1
4,054
3,450,122,269



Loss for the year
-
-
(20,333)
(20,333)

Shares issued during the year
635,000,000
-
-
635,000,000


At 31 December 2023
4,085,118,214
1
(16,279)
4,085,101,936


The notes on pages 10 to 18 form part of these financial statements.

Page 9

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

MediaTek Global Holdings Limited ("the company") is a private company limited by shares incorporated in England and Wales. The registered office is Building 2010, Cambourne Business Park, Cambourne, Cambridge, United Kingdom, CB23 6DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 79(a)(iv) of IAS 1;
the requirements of IAS 7 Statement of Cash Flows
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member


This information is included in the consolidated financial statements of MediaTek Inc. as at 31 December 2023 and these financial statements may be obtained from No. 1, Dusing 1st Rd., Hsinchu Science Park., Hsinchu City 300, Taiwan, R.O.C.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

Page 10

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 11

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

  
2.10

Financial instruments

The Company recognises financial instruments when it becomes a party to the contractual arrangements of the instrument. Financial instruments are de-recognised when they are discharged or when the contractual terms expire. The Company's accounting policies in respect of financial instruments transactions are explained below:
Financial assets and financial liabilities are initially measured at fair value.
Financial liabilities
At amortised cost
Financial liabilities which are neither contingent consideration of an acquirer in a business combination, held for trading, nor designated as at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. This is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial liability, or where appropriate a shorter period, to the amortised cost of a financial liability.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.
Impairment of fixed asset investments
Determining whether the fixed asset investments are impaired requires comparison between the underlying net assets of the subsidiaries and the carrying value of the investments. No impairment has been recognised as the directors have determined that the net assets of the subsidiaries are greater than the carrying value of the investments. At the balance sheet date, the carrying value of the investments is $4,084,618,214 (2022: $3,449,618,214) (see note 8).

Page 12

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors and their associates:


2023
2022
$
$

Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements
9,551
9,471

Fees payable to the Company's auditors and their associates in respect of:

Non-audit services
1,910
10,874


5.


Employees

The average monthly number of employees, including the directors, during the year was 2 (2022: 1). 






6.


Interest receivable

2023
2022
$
$


Interest on bank deposits
19,750
4,054

Page 13

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Taxation


2023
2022
$
$

Corporation tax


Adjustments in respect of previous periods
742
-



Tax on (loss)/profit
742
-

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2022 - lower than) the standard rate of corporation tax in the UK of 23.5% (2022 - 19%). On 1 April 2023, the main rate of corporation tax increased from 19% to 25%, a combination of the two rates over the period is 23.5%. The differences are explained below:

2023
2022
$
$


(Loss)/profit on ordinary activities before tax
(19,591)
4,054


(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 23.5% (2022 - 19%)
(4,604)
770

Effects of:


Adjustments to tax charge in respect of prior periods
742
-

Unrelieved tax losses carried forward
4,604
-

Other
-
(770)

Total tax charge for the year
742
-

Page 14

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Fixed asset investments





Shares in group undertakings

$



Cost


At 1 January 2023
3,449,618,214


Additions
635,000,000



At 31 December 2023

4,084,618,214



Carrying amount



At 31 December 2023
4,084,618,214



At 31 December 2022
3,449,618,214

During the year, the company made a capital contribution of $635,000,000 to a subsidiary, Digimoc Holdings Limited.


Page 15

 
MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.

Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:


Name of undertakings
Registered office
Direct ownership (%)
Indirect onwership (%)
Nature of business 

MTKC Global Holdings Co. Limited
1
100
Investment holding

Hsu Zhan (HK) Investment Limited
2
100
Investment holding

Digimoc Holdings Limited
3
100
Investment holding

Lepower (HK) Limited
4
100
Investment holding

Gold Rich International (Samoa) Limited 
5
100
Investment holding

Gold Rich International (HK) Limited
6
100
Investment holding

Cloud Ranger Limited
7
100
Investment holding

1) 2/F, Palm Grove House, P.O. Box 3340, Road Town, Tortola, British Virgin Islands
2) 5/F, Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong
3) Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands
4) Rooms 2006-8, 20/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong
5) Vistra Corporate Services Centre, Ground Floor NPF Building, Beach Road, Apia, Samoa
6) Rooms 2006-8, 20/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong
7) Offshore Chambers, PO Box 217, Apia, Samoa


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MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Share capital

2023
2022
$
$
Ordinary Share capital Issued and fully paid



4,085,118,214 (2022 - 3,450,118,214) Ordinary shares of $1.00 each
4,085,118,214
3,450,118,214


During the year, the company issued 635,000,000 ordinary share capital amounting to $635,000,000.
The ordinary shares have full voting, dividend, capital distributions and winding up rights and no right to fixed income.


11.


Cash and cash equivalents

2023
2022
$
$

Cash at bank and in hand
495,183
504,055

495,183
504,055



12.


Creditors: Amounts falling due within one year

2023
2022
$
$

Accruals and deferred income
11,461
-

11,461
-



13.


Reserves

Share premium account

Consideration received for shares issued above their nominal value net of transaction costs.

Profit and loss account

The profit and loss reserves represent the cumulative profit and loss of the company net of distributions to owners, and capital contributions from owners.

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MEDIATEK GLOBAL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

14.


Controlling party

At the balance sheet date, the immediate parent undertaking was Gaintech Co. Limited a company incorporated in Republic of Singapore.
The ultimate parent undertaking and the parent of the only group to consolidate these financial statements is MediaTek Inc., a company incorporated in Taiwan, R.O.C. Copies of the consolidated financial statements of MediaTek Inc. can be obtained from the registered office, No. 1, Dusing 1st Rd., Hsinchu Science Park., Hsinchu City 300, Taiwan, R.O.C

 
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