Asus 2008 Annual Report Download - page 145

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141
2007
Notes 2008 (Adjusted)
NET SALES V $667,619,683 $755,360,724
COST OF SALES IV.27, V (585,056,493) (680,591,763)
GROSS PROFIT 82,563,190 74,768,961
OPERATING EXPENSES IV.27, V
Selling expenses 40,304,745 29,707,675
General and administrative expenses 9,483,838 7,288,109
Research and development expenses 14,393,936 9,102,235
Total 64,182,519 46,098,019
OPERATING INCOME 18,380,671 28,670,942
NON-OPERATING INCOMES AND GAINS
Interest income 1,078,816 1,636,038
Investment income under the equity method IV.12 52,249 113,340
Dividend income 404,200 309,547
Gain on disposal of assets
V
77,342 80,678
Gain on disposal of investments 304,264 280,693
Gain on foreign exchange 1,366,308 4,359,381
Gain on reversal of bad debts 1,360,968 14,671
Gain on valuation of financial liabilities IV.20 68,979 -
Others V 5,525,376 5,885,285
Total 10,238,502 12,679,633
NON-OPERATING EXPENSES AND LOSSES
Interest expense IV.20 784,603 836,763
Loss on disposal of assets V 215,111 288,303
Loss on physical inventory 12,653 145,324
Impairment loss IV.9, IV.11, IV.12, 952,215 361,755
IV.13, IV.14, IV.15
Loss on valuation of financial assets 190,992 32,550
Loss on valuation of financial liabilities- 250,921
Others 1,926,760 1,190,857
Total 4,082,334 3,106,473
INCOME BEFORE INCOME TAX 24,536,839 38,244,102
INCOME TAX EXPENSE IV.28 (5,611,908) (7,828,405)
CONSOLIDATED NET INCOME
$18,924,931
$30,415,697
Represented by:
Available for common shareholders $16,456,567 $27,283,328
Available for minority shareholders 2,468,364 3,132,369
CONSOLIDATED NET INCOME $18,924,931 $30,415,697
EARNINGS PER SHARE (in New Taiwan Dollars) IV.29
Primary Earnings Per Share
Consolidated net income $4.47 $7.32
Available for minority shareholders (0.59) (0.76)
Available for common shareholders $3.88
$6.56
Fully Diluted Earnings Per Share
Consolidated net income $4.10 $7.04
Available for minority shareholders (0.56) (0.71)
Available for common shareholders $3.54 $6.33
English Translations of Financial Statements Originally Issued in Chinese
The accompanying notes are an integral part of the consolidated financial statements.
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007 (Retrospectively Adjusted)
(Expressed in Thousands of New Taiwan Dollars except for Earnings Per Share)