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Acer Incorporated 2008 Annual Report82
Financial Standing
Acer Incorporated 2008 Annual Report 83
(3) Other receivable
December 31,
2007
December 31,
2008
NT$ NT$ US$
Refundable income tax and VAT receivable 2,780,212 2,001,212 60,979
Other receivable 4,595,357 6,806,242 207,394
7,375,569 8,807,454 268,373
(4) Available-for-sale nancial assets ‒ current
December 31,
2007
December 31,
2008
NT$ NT$ US$
Mutual funds 662,096 - -
Publicly traded equity securities 2,112,196 145,147 4,423
Others 77,769 446,297 13,599
2,852,061 591,444 18,022
In 2007 and 2008, the Consolidated Companies disposed of portions of these investments and recognized
gains on disposal thereof of NT$2,057,447 and NT$1,187,156, respectively. The gains were recorded as “gain
on disposal of investments” in the accompanying consolidated statements of income.
(5) Financial assets and liabilities at fair value through prot or loss
December 31,
2007
December 31,
2008
NT$ NT$ US$
Financial assets at fair value through prot or loss ‒ current:
Foreign currency forward contracts 14,999 339,817 10,355
Foreign currency options 4,983 - -
Cross currency swaps - 7,821 238
Foreign exchange swaps - 7,113 217
19,982 354,751 10,810
December 31,
2007
December 31,
2008
NT$ NT$ US$
Financial liability at fair value through prot or loss ‒ current:
Foreign currency forward contracts (1,394,549) (1,011,739) (30,829)
Foreign currency options (593) - -
(1,395,142) (1,011,739) (30,829)
As of December 31, 2007 and 2008, unrealized loss resulting from the changes in fair value of these derivative
contracts amounted to NT$(272,939) and NT$718,172, respectively.
As of December 31, 2007 and 2008, the Consolidated Companies entered into foreign currency forward
contracts and foreign currency options to hedge their exposure to the foreign currency exchange rate risk
generated by operating activities. The derivative nancial instruments that did not meet the criteria for hedge
accounting (classied as nancial assets and liabilities at fair value through prot or loss) were as follows:
(a) Foreign currency options:
(i) Long options:
December 31, 2007
Notional amount
(in thousands)
Maturity date
EUR CALL/GBP PUT EUR 3,487 2008/02/27
(ii) Short options
December 31, 2007
Notional amount Maturity date
(in thousands)
GBP CALL/EUR PUT EUR 3,835 2008/02/27
(b) Foreign currency forward contracts:
December 31, 2007
Notional amount
(in thousands)
Settlement date
Buy Sell
USD / ZAR USD 24,222 2008/01/02~2008/02/29
USD /SGD USD 15,000 2008/01/16~2008/03/31
USD / EUR EUR 663,000 2008/01/16~2008/02/29
USD / INR USD 50,536 2008/01/16~2008/05/30
USD /JPY USD 16,500 2008/01/15~2008/05/16
USD / RMB USD 15,000 2008/01/30~2008/03/31
USD / THB USD 18,000 2008/01/15~2008/02/15
USD / MYR USD 21,865 2008/01/15~2008/03/17
USD / NTD USD 24,000 2008/01/09~2008/01/31