Asus 2007 Annual Report Download - page 112
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108
ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements (Unaudited)
(In New Taiwan thousand dollars unless otherwise stated)
24
16. LEGAL RESERVE
The R.O.C. Company Law stipulates that, after paying all taxes, companies must retain at
least 10% of their annual earnings, as defined in the Law, until such retention equals the
amount of capital stock. This retention can be used to make up prior years’losses. Once
the legal reserve equals one-half of capital stock, 50% of the reserve may be transferred to
common stock.
17. DISTRIBUTION OF EARNINGS
As provided by the Company’s Articles of Incorporation, annual net income after making
up prior years' losses, if any, should be distributed as follows: (1) To appropriate 10% as
legal reserve, with its remainder, (2) To appropriate 10% of capital stock as interest, with
its remainder, (3) To appropriate 10% as employees’bonus, and (4) To appropriate 1% as
directors’and supervisors’bonus. (5) After the distribution of earnings, the remained
earnings, if any, may be appropriated according to a resolution adopted in a stockholders’
meeting. (6) The cash dividends should be no less than 10% of the total amount of capital
interest, cash dividends and stock dividends.
Information for the distribution of annual net income of 2007 and 2006:
New Taiwan dollars
Items 2007 2006
Stockholders’bonus-cash (in dollar per share) $2.50 $1.50
Stockholders’bonus-stock (in dollar per share) 1.00 0.50
Employee bonus-cash 912,030 688,712
Employee bonus-stock 1,200,000 700,000
Directors and supervisors’remuneration 211,203 138,871
As required by the government, if the Company’s stockholders’equity has any debit
balances such as unrealized loss for long-term equity investments and translation
adjustments, an equal amount of such shall be appropriated as a special reserve before any
distribution of earnings. The appropriation shall comply with the following rules:
(1) For debit balances incurred during the year, the amount of the special reserve shall not
exceed the summation of current income after tax and accumulated earnings.
(2) For debit balances incurred in prior years, the amount of the special reserve set aside
shall not exceed the accumulated earnings minus the appropriated special reserve as per
(1) above.