Acer 2007 Annual Report Download - page 90

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87
The Company sold all its ownership interest in a subsidiary, Sertek Inc., on July 1, 2007.
The price included cash consideration and stock consideration amounting to 27,000,000
shares of Yosun Industrial Corp.
In 2006, the Consolidated Companies sold portions of their investments in RDC and other
investees, and an aggregate gain of NT$98,124 was recognized from these sales. In 2007,
the Consolidated Companies sold portions of their investments in Qisda, Silicon and IST, and
an aggregate gain of NT$109,491 was recognized from these sales.
(11) Property not used in operations
December 31, 2006 December 31, 2007
NT$ NT$ US$
Leased assetsЁland 818,630 818,630 25,239
Leased assetsЁbuildings 2,892,886 2,855,547 88,039
Damaged office premises 457,558 457,558 14,107
Property held for sale and development 2,814,503 1,761,173 54,299
Less: Accumulated depreciation (543,769) (543,805) (16,766)
Accumulated asset impairment (1,543,000) (1,543,000) (47,572)
4,896,808 3,806,103 117,346
In 2006, the Company decided to gradually dispose of real estate property and business
managed by the Construction Business Unit, and as a result, the related property amounting to
NT$3,288,806 was reclassified from “property, plant and equipment” to “property not used in
operations” in the accompanying balance sheets. In 2006, the Consolidated Companies
recognized an impairment loss of NT$995,000 on property not used in operations, being the
carrying value in excess of the estimated fair value.
Damaged office premises are office premises that suffered fire damage. As of December 31,
2006 and 2007, the Consolidated Companies estimated the building repair cost at
approximately NT$116,308 and NT$161,308, respectively, which will not be indemnified by
the insurance company. A provision for building repair cost was accrued and recognized as
“other current liabilities” in the accompanying consolidated balance sheets.
For certain land acquired, the registered ownership has not been transferred to the land
acquirer, APDI, a subsidiary of the Company. To protect APDI’s interests, APDI has
obtained signed contracts from the titleholders assigning all rights and obligations related to
the land to APDI. Additionally, the land title certificates are held by APDI, and APDI has
registered its liens thereon.
(12) Intangible assets
Goodwill Software
System Patents Trademarks Customer
Relationships Others Total
NT$ NT$ NT$ NT$ NT$ NT$ NT$
Balance at January 1, 2006 306,616 194,747 515 - - - 501,878
Additions - 69,896 - - - 3,408 73,304
Disposal - - (480) - - - (480)
Translation adjustment 8,282 5,802 177 - - - 14,261
Amortization (63,091) (121,670) (41) - - - (184,802)
Impairment loss (7,479) - - - - - (7,479)
Balance at December 31, 2006 244,328 148,775 171 - - 3,408 396,682
Additions - 74,114 415,701 - - 4,054 493,869
Acquisitions 16,654,264 - 1,116,481 5,504,220 1,551,042 570,729 25,396,736
Disposal - (2) (120) - - (3,408) (3,530)
Translation adjustment (7,876) 2,062 553 73 494 1,294 (3,400)
Amortization - (142,446) (59,074) (6,054) (40,457) (105,833) (353,864)
Balance at December 31, 2007 16,890,716 82,503 1,473,712 5,498,239 1,511,079 470,244 25,926,493