Acer 2005 Annual Report Download - page 63

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- 58 -
On May, 2001, a portion of the Company’ s office premises suffered fire damage. Since
the building had not yet been repaired, the Company reclassified NT$180,592 of the
damaged building at the carrying amount and NT$276,966 of the related land as “property
not used in operation”. As of December 31, 2005, management of the Company estimated
that approximately NT$116,308 of losses will not be indemnified by the insurance company.
The amount was recognized as “other current liabilities” in the accompanying consolidated
balance sheet. In 2005, the Company recognized an impairment loss on the excess of
carrying value over the recoverable amount amounting to $53,000.
For certain land acquired, the registered ownership has not been transferred to the land
acquirer, APDI, a subsidiary of the Company. To protect APDI’ s interests, APDI has
obtained signed contracts from the titleholders assigning all rights and obligations related to
the land to APDI. Additionally, the title deeds are held by APDI, and APDI has put liens
on the land.
(8) Intangible Assets
December 31, 2004 December 31, 2005
NT$ NT$ US$
Goodwill 547,332 306,616 9,338
Deferred software costs 229,302 194,747 5,931
Other 7,662 515 16
784,296 501,878 15,285
(9) Other financial assets-noncurrent
December 31, 2004 December 31, 2005
NT$ NT$ US$
Refundable deposits 539,191 501,042 15,260
Long-term accounts receivables 120,436 486,991 14,831
659,627 988,033 30,091
(10) Short-term Borrowings
December 31, 2004 December 31, 2005
NT$ NT$ US$
Bank overdrafts 91,137 - -
Commercial paper and bank acceptances,
net of prepaid interest
1,193,663
199,975
6,090
Bank loans 3,897,260 3,200,642 97,477
5,182,060 3,400,617 103,567
In 2004 and 2005, the average interest rates on the above short-term borrowings were
approximately 2%~3%. Unused credit facilities as of December 31, 2004 and 2005,
amounted to NT$28,067,940 and NT$25,483,399, respectively. Refer to note 6 for a
description of pledged assets related to the afore-mentioned borrowings.
(11) Long-term Debt
December 31, 2004 December 31, 2005
NT$ NT$ US$
Bank loans 324,402 188,861 5,752
Less: current installments (67,395) (42,238) (1,287)
257,007 146,623 4,465