Asus 2008 Annual Report Download - page 104
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100
ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
7. FINANCIAL ASSETS CARRIED AT COST-NONCURRENT
(1) Financial assets carried at cost-noncurrent consist of the following:
Stocks:
2008/12/31
2007/12/31
AmTrust Capital I Corp.
$62,859
$100,000
ASUSCOM Network Inc.
16,350
16,350
INVESTAR BURGEON VENTURE
CAPITAL, INC.
1
1
ASUSPOWER Computer Inc.
-
14,327
Wai-Gin Industrial Co., Ltd.
-
112,500
Total
$79,210
$243,178
(2) The Company owned 100% of ASUSPOWER Computer Inc.’s shares and 51% of
ASUSCOM Network Inc.’s shares. ASUSPOWER Computer Inc. and ASUSCOM
Network Inc. were in the process of liquidation since March 30, 2007 and September 1,
2007, respectively. Thus, the Company changed the basis of measurement for its
investment in ASUSPOWER Computer Inc. and ASUSCOM Network Inc. from the
equity method to the cost method since the liquidation dates. Furthermore,
ASUSPOWER Computer Inc. had completed its liquidation in 2008.
(3) After evaluating and comparing the carring value of financial assets carried at
cost-noncurrent and the expected recoverable amount, the Company recognized losses
on impairment of assets amounted to $37,141 thousand and $37,500 thousand for the
years ended December 31, 2008 and 2007, respectively.
(4) Financial assets carried at cost-noncurrent are not pledged as collateral.
8. LONG-TERM INVESTMENTS UNDER THE EQUITY METHOD
(1) Long-term investments under the equity method consist of the following:
2008/12/31
2007/12/31
Interest
Interest
Investee Companies
Amount
Owned
Amount
Owned
ASUS TECHNOLOGY
INCORPORATION
$334,164
100%
$344,088
100%
AXUS Microsystems Inc.
140,051
85%
140,091
85%
Shinewave International Inc.
64,368
51%
53,420
51%
ASUS HOLLAND B.V.
86,570
100%
79,809
100%
ASUS INTERNATIONAL
LIMITED
14,914,064
100%
15,006,676
100%
(Continued)