Asus 2008 Annual Report Download - page 131
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127
ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
PEGATRON
CORPORATION
UNIHAN
CORPORATION
Total
Assets
Current assets
$21,999,830
$12,555,287 $34,555,117
Long-term investments
66,867,161
7,060,209 73,927,370
Property, plant and
equipment
4,761,981
127,143 4,889,124
Other assets
353,066
126,822 479,888
Total
93,982,038
19,869,461 113,851,499
Liabilities
Current liabilities
(23,982,038)
(7,869,461)
(31,851,499)
Total
(23,982,038)
(7,869,461)
(31,851,499)
Net Assets
$70,000,000
$12,000,000 $82,000,000
(16) In response to foreign currency risk resulted from changing in net-assets and inventory
denominated in foreign currencies, the Company signed the agreement with
PEGATRON CORPORATION and UNIHAN CORPORATION requiring whoever
benefits from foreign currency translation arising from the spin-off transaction shall
compensate the other, where appropriate, for loss due to exchange rate fluctuation, from
December 28, 2007 to March 31, 2008. As of March 31, 2008, the Company was
compensated by PEGATRON CORPORATION and UNIHAN CORPORATION with
$1,602,711 thousand and $255,748 thousand, respectively, and the compensation was
recognized as “credit to foreign exchange loss”. However, the Company also
compensated PEGATRON CORPORATION and UNIHAN CORPORATION with
$365,523 thousand and $109,050 thousand, respectively, for valuation loss of inventory,
and the compensation made was recognized as adjustment to “cost of sales”. The
agreement shall be valid until March 31, 2008.
(17) The Company provided guarantee to its related parties during 2008 and 2007. The
outstanding guarantee amounts as of December 31, 2008 and 2007 were as follows:
Related parties
2008/12/31
2007/12/31
PEGATRON CORPORATION; UNIHAN
CORPORATION
$629,760
$3,000,000
PEGATRON CORPORATION
13,218,400
-
UNIHAN CORPORATION
1,640,000
-
ASUSTEK INVESTMENT CO., LTD.; ASUS
INVESTMENT CO., LTD.; ASUSPOWER
INVESTMENT CO., LTD.
-
6,000,000
ASUSPOWER CORPORATION
-
972,900
AzureWave Technologies, Inc.
-
194,580
Total
$15,488,160
$10,167,480