Acer 2005 Annual Report Download - page 64

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- 59 -
The interest rates on the above long-term borrowings ranged from 3.10% to 6.10% in 2004
and from 3% to 7% in 2005. Refer to note 6 for a description of pledged assets related to
these loans.
(12) Bonds Payable
December 31, 2004
NT$
First secured domestic bonds 3,000,000
Second secured domestic bonds 3,000,000
6,000,000
Less: current installments (6,000,000)
-
(a) Five-year 5.76% first secured domestic bonds with face value of NT$3,000,000 were issued
on January 21, 2000. The maturity date is five years subsequent to the issuance date.
Interest is paid annually, and principal is paid in whole at maturity. The bonds are secured
by common shares of BenQ and TSMC owned by the Company.
As of January 20, 2005, the Company redeemed the bonds at maturity.
(b) Five-year 5.26% second secured domestic bonds with face value of NT$3,000,000 were
issued on December 12, 2000. The maturity date is five years subsequent to the issuance
date. Interest is paid annually, and principal is paid in whole at maturity. The bonds are
secured by common shares of BenQ and TSMC owned by the Company.
As of December 21, 2005, the Company redeemed the bonds at maturity.
(13) Retirement Plans
The following table sets forth the benefit obligation and net retirement plan liabilities
related to the Consolidated Companies’ defined benefit retirement plans as of December 31,
2004 and 2005:
2004
Plan assets in excess
of accumulated
benefit obligation
Accumulated benefit
obligation in excess
of plan assets
NT$ NT$
Benefit obligation:
Vested benefit obligation (102,185) (8,500)
Nonvested benefit obligation (405,206) (58,781)
Accumulated benefit obligation (507,391) (67,281)
Projected compensation
increases
(242,290) (27,307)
Projected benefit obligation (749,681) (94,588)
Plan assets at fair value 564,098 37,445
Funded status (185,583) (57,143)
Unrecognized net loss 124,298 14,041
Unrecognized transition (assets)
obligation
(5,382) 15,611
Additional minimum liability -
(112)
Net retirement plan liabilities (66,667) (27,603)