Asus 2007 Annual Report Download - page 100

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96
ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements (Unaudited)
(In New Taiwan thousand dollars unless otherwise stated)
12
19. Spin-off transactions
The Company adopted the Regulation No. 128 issued by the R.O.C. Accounting Research
and Development Foundation to account for its spin-off transactions. The value of the
acquired assets and liabilities by Pegatron Corporation and Unihan Corporation equal to the
amount of the Company’s transferred asset and liabilities. Each spun-off subsidiaries
recognized the net value as stockholder’s equity and par value as capital stock. The
stockholders’equities in excess of the capital are recognized as additional paid-in capital.
III. REASONS AND EFFECTS OF ACCOUNTING CHANGES
The Company adopted Interpretation 96-052 issued by Accounting Research and Development
Foundation to account for its employees’bonuses and directors’and supervisors’remuneration
after January 1, 2008. Such a change in accounting principle decreased the Company’s net
income by $459,851 thousand, thereby decreased earnings per share by $0.12 for the
three-month period ended March 31, 2008.
IV.DETAILS OF SIGNIFICANT ACCOUNTS
1. CASH AND CASH EQUIVALENTS
(1) Cash and cash equivalents consist of the following:
3/31/2008 3/31/2007
Cash on hand $639 $1,864
Demand deposit accounts 1,978 7,867
Checking accounts 237 715
Foreign currency accounts 13,612 6,498
Time deposits 12,764,310 3,384,384
Total $12,780,776 $3,401,328
(2) The time deposits pledged were reclassified to certificate of deposit-restricted-current
and refundable deposits. Please refer to Note VI for details.