Acer 2007 Annual Report Download - page 97

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94
As of December 31, 2007, the Company had issued 10,800,000 units of global depository
receipts (GDRs) representing 54,000,000 shares of common stock. The GDRs were listed
on the London Stock Exchange, and each GDR represents five shares of common stock.
The Company’s shareholders in the meeting on June 15, 2006, passed a resolution to
appropriate NT$3.0 per share from retained earnings as of December 31, 2005, as cash
dividends. Such cash dividends amounted to NT$6,763,556. The shareholders also
passed a resolution to appropriate NT$825,450 from retained earnings for a total of
82,545,000 new shares as stock dividends and employee bonuses. The stock issuance was
authorized by and registered with the governmental authorities.
The Company’s shareholders in the meeting on June 14, 2007, passed a resolution to
appropriate NT$3.85 per share from retained earnings as of December 31, 2006, as cash
dividends. Such cash dividends amounted to NT$8,997,695. The shareholders also
passed a resolution to appropriate NT$684,267 from retained earnings and issue a total of
68,427,000 new shares as stock dividends and employee bonuses. The stock issuance was
authorized by and registered with the governmental authorities.
(b) Treasury stock
As of December 31, 2006 and 2007, the GDRs (for the implementation of its overseas
employees’ stock option plan) owned by AWI and the common stock owned by the
Company’s subsidiaries CCI and TWP were as follows (expressed in thousands of shares
and New Taiwan dollars):
December 31, 2006 December 31, 2007
Number of
Shares
Book
Value
Market
Price
Number of
Shares
Book
Value
Market
Price
NT$ NT$ NT$ NT$
Common stock 16,805 798,662 1,142,744 17,057 798,662 1,083,128
GDRs 4,788 2,472,258 1,595,170 4,860 2,472,258 1,655,241
3,270,920 2,737,914 3,270,920 2,738,369
(c) Capital surplus
December 31, 2006 December 31, 2007
NT$ NT$ US$
Share premium:
Paid-in capital in excess of par value 856,901 856,901 26,419
Surplus from merger 22,781,719 22,781,719 702,381
Premium on common stock resulting from
conversion of convertible bonds
4,552,585 4,552,585 140,360
Forfeited interest resulting from conversion of
convertible bonds
1,006,210 1,006,210 31,022
Surplus related to the treasury stock
transactions by subsidiary companies
194,556 316,329 9,753
Other: ʳ ʳ
Surplus from equity-method investments 555,049 385,239 11,877
29,947,020 29,898,983 921,812
According to the ROC Company Act, any realized capital surplus could be transferred to
common stock as stock dividends after deducting accumulated deficit, if any. Realized
capital surplus includes share premium and donations from shareholders. Distribution of
stock dividends from realized capital surplus is subject to certain restrictions imposed by the
governmental authorities.