Asus 2008 Annual Report Download - page 132

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ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
VI. ASSETS PLEDGED OR MORTGAGED
As of December 31, 2008 and 2007, the following assets were pledged as collateral:
Assets
Items
2008/12/31
2007/12/31
Other assets
Refundable deposits
$87,825 $249,223
VII. COMMITMENTS AND CONTINGENT LIABILITIES
1. As of December 31, 2008, the Company had the following unused L/Cs (in dollars):
Names of the Banks
Currencies
Total Amounts
Mega International Commercial Bank
USD
$28,600
2. The Company’s income tax returns assessed by the Tax Bureau from 1996 to 2002 exceeded
the total amount filed by $2,927,620 thousand. The Company has petitioned for
re-assessment.
3. Guarantees the Company provided to its related parties during 2008 were as follows:
Name of the related parties
Relationship with the Company
Outstanding
guarantee as of
December 31,
2008
PEGATRON CORPORATION;
UNIHAN CORPORATION
Investee evaluated under the
equity method
$629,760
PEGATRON CORPORATION
Investee evaluated under the
equity method
13,218,400
UNIHAN CORPORATION
Investee evaluated under the
equity method
1,640,000
4. A Cayman company filed a suit against the Company seeking injunction prohibiting the
Company from using certain specific materials from certain specific supplier. Taiwan
Supreme Court has declared that the legal action would be effective if this Cayman company
provides $46,000 thousand as collateral. Nevertheless, the Company had ceased to use the
certain specific materials; therefore, the decision will not damage the Company. In addition,
this Cayman company also filed a suit against the Company in Taipei District Court, for
$10,000 thousand as compensation for damage. The suit is currently under investigation in
Taipei District Court.