Asus 2007 Annual Report Download - page 129

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125
ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements (Unaudited)
(In New Taiwan thousand dollars unless otherwise stated)
41
instruments:
The fair value of short-term financial instruments was estimated to approximate their
book value because of the short maturity. This method is used to evaluate cash and
cash equivalents, restricted time deposits, receivables, payables and short-term loans.
The fair value of financial assets at fair value through profit or loss-current and
available-for-sale financial assets-noncurrent was based on their quoted market price.
The fair value of accrued pension liabilities was based on the funding status of such
pension plan (projected benefit obligation less fair value of plan assets).
The fair value of refundable deposits and deposits received was based on their book
value because such received date or return date is uncertain.
The fair value of financial liabilities at fair value through profit or loss was based on the
value of call and put option. The fair value of bonds payable was discounted by its
expected future cash flow and the current interest rate.
The fair value of forward exchange contract is the amount the Company will receive or
pay if the Company terminates the contracts. Generally, such amount includes the
unrealized gain or loss. The fair value of forward exchange contract of the Company is
evaluated based on the quotation from financial institutions.
(3) Fair value of financial instruments based on the quoted market price and other valuation
models are as follows:
Evaluated by the
quoted market price
Estimated by other
valuation models
3/31/2008 3/31/2007 3/31/2008 3/31/2007
Financial Assets
Cash and cash equivalents $12,780,776 $3,401,328 $- $-
Financial assets at fair value
through profit or loss-current
15,719,325 - - -
Receivables-net - - 70,454,523 128,117,240
Restricted time deposits-current - - 1,850,000 -
Available-for-sale financial assets
-noncurrent
5,446,945 7,492,379 - -
Refundable deposits - - 124,828 265,708
Accounts receivable-overdue - - - 20
Long-term accounts receivable - - - 2,021
Financial Liabilities