PART I ITEM 1.  IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS  ITEM 2.  OFFER STATISTICS AND EXPECTED TIMETABLE  ITEM 3.  KEY INFORMATION  A. Selected Financial Data  3 Year Ended December 31, 2007 (1) 2008 (1) 2009 2010 2011 NT$ NT$ NT$ NT$ NT$ US$ (in billions, except for percentages and per share and per pro forma ADS data) Income Statement Data: R.O.C GAAP Net revenues 197.4  201.7 198.4 202.4 217.5 7.2 Operating costs (1) (106.7)  (113.5) (112.7) (115.3) (131.5) (4.4) Gross profit 90.7 88.2 85.7 87.1 86.0 2.8 Operating expenses (1) (30.4) (29.6) (29.3) (29.7) (30.9) (1.0) Income from operations 60.3 58.6 56.4 57.4 55.1 1.8 Non-operating income and gains$^{(2)}$  2.5 3.4 1.4 1.0 1.9 0.1 Non-operating expenses and  losses (2) (1.0) (2.3) (0.6) (0.7) (0.3) — Income before income tax 61.8 59.7 57.2 57.7 56.7 1.9 Income tax expense (13.1) (13.9) (12.7) (9.1) (8.6) (0.3) Consolidated net income 48.7 45.8 44.5 48.6 48.1 1.6 Attributable to: Stockholders of the parent 48.2 45.0 43.8 47.6 47.1 1.6 Minority interests 0.5 0.8 0.7 1.0 1.0 — 48.7 45.8 44.5 48.6 48.1 1.6 We were privatized as a result of a secondary ADS offering and concurrent domestic auction of our common shares on  August 12, 2005. The privatization has enabled us to develop our business and respond to changing market conditions more rapidly  and efficiently.  Not applicable.  Not applicable.  The selected income statement data and cash flow data for the years ended December 31, 2009, 2010 and 2011, and the  selected balance sheet data as of December 31, 2010 and 2011 set forth below are derived from our audited consolidated financial  statements included elsewhere in this annual report and should be read in conjunction with, and are qualified in their entirety by  reference to, our consolidated financial statements and the related notes. The selected income statement and cash flow data for the  years ended December 31, 2007 and 2008, and the selected balance sheet data as of December 31, 2007, 2008 and 2009 set forth  below, are derived from our audited consolidated financial statements not included in this annual report. The consolidated financial  statements have been prepared and presented in accordance with accounting principles generally accepted in the Republic of China, or  R.O.C. GAAP, which differ in some material respects from accounting principles generally accepted in the United States of America,  or U.S. GAAP, as further explained under note 36 to our consolidated financial statements included herein.  P AR T I