Asus 2008 Annual Report Download - page 147

143
2007
2007
2008
(Adjusted)
2008
(Adjusted)
CASH FLOWS FROM OPERATING ACTIVITIES:
CASH FLOWS FROM INVESTING ACTIVITIES:
Consolidated net income
$18,924,931
$30,415,697
Purchase of investments
(2,540,579)
(1,819,211)
Adjustments to reconcile net income to net cash provided by operating activities:
Proceeds from disposal of investments
1,500,079
876,872
Effect of change in exchange rate from foreign consolidated subsidiaries
(75,872)
(316,057)
Refund from capital reduction and liquidation of long-term investments
166,146
18,581
Cash dividends received from investees under the equity method
215,686
41,100
Increase in refundable deposits
(40,307)
(360,731)
Service cost of employee stock option for subsidiaries
5,433
-
Acquisition of property, plant and equipment
(12,689,532)
(15,402,237)
Depreciation
7,983,423
6,417,385
Proceeds from disposal of property, plant and equipment
463,405
533,778
Amortization
2,264,757
1,683,107
I
Purchase of deferred charges and other intangible assets
(4,643,036)
(2,436,416)
Depreciation and devaluation of assets held for lease and idle assets
30,349
8,588
Proceeds from disposal of other assets and intangible assets
71,674
496,102
Impairment loss
952,215
361,755
Decrease in other assets-others
216,622
494
Investment income under the equity method
(52,249)
(113,340)
Increase in consolidation debit
(7,862)
-
Amortization of investment premium arising from acquisition
165,994
99,143
Purchase of minority interests
(49,076)
(56,262)
Gain on disposal of investments
(87,321)
(153,674)
Increase in cash from acquisition of subsidiaries
60,089
338,643
Gain on disposal of assets
(77,342)
(80,678)
Net cash used in investing activities
(17,492,377)
(17,810,387)
Loss on disposal of assets
215,111
288,303
Loss on obsolescence of property, plant and equipment
32,337
7,152
Property, plant and equipment transferred to other expense and loss accounts
5,608
22,801
CASH FLOWS FROM FINANCING ACTIVITIES:
Other accounts transferred to property, plant and equipment
-
(20,429)
Payments for bonus to employees, directors and supervisors
(1,220,106)
(380,173)
Deferred charges transferred to other expense and loss accounts
10,665
14,216
Payments for cash dividends
(9,351,630)
(6,244,458)
Amortization of deferred issuing cost of bonds
3,044
8,140
Redemption of bonds payable
(712,499)
-
Gain on foreign exchange of bonds payable
(74,038)
(27,575)
Increase in short-term loans
7,332,433
1,163,778
Amortization of discount and premium on bonds
267,507
264,646
Increase in deposits received
90,528
51,116
Gain on redemption of bonds payable
(26,350)
-
Redemption of long-term loans
(1,097,852)
(150,956)
(Gain)/Loss on valuation of financial liabilities
(68,979)
250,921
Increase in long-term loans
10,001,484
972,900
Shares trust dividends paid to employees
286,223
-
Subsidiaries' treasury stocks purchased by subsidiaries
(439,928)
-
Changes in operating assets and liabilities:
Cash dividends distributed to minority shareholders
(2,752,496)
-
(Increase)/Decrease in financial assets at fair value through profit or loss-current
(8,529)
(3,887,669)
Increase in subsidiaries' capital from minority shareholders
785,322
3,049,293
(Increase)/Decrease in notes and accounts receivable-net
38,295,786
8,522,689
Net cash provided by/(used in) financing activities
2,635,256
(1,538,500)
(Increase)/Decrease in other receivables-net
(3,056,369)
(1,721,681)
(Increase)/Decrease in inventories-net
6,131,153
9,308,279
Effect of changes of certain subsidiaries
(375,400)
(161,794)
(Increase)/Decrease in prepayments
(705,599)
137,517
(Increase)/Decrease in other current assets
(502,270)
(113,040)
NET INCREASE IN CASH AND CASH EQUIVALENTS
6,132,684
8,894,370
(Increase)/Decrease in deferred income tax assets-current
(1,333,274)
(597,531)
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR
43,585,783
34,691,413
(Increase)/Decrease in deferred pension costs
3,133
1,364
CASH AND CASH EQUIVALENTS, END OF THE YEAR
$49,718,467
$43,585,783
(Increase)/Decrease in accounts receivable-overdue
-
24
(Increase)/Decrease in compensating interest receivable
(19,475)
(54,913)
Increase/(Decrease) in financial liabilities at fair value through profit or loss-current
407
2
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:
Increase/(Decrease) in notes and accounts payable
(55,570,520)
(29,602,755)
Cash paid during the year for:
Increase/(Decrease) in income tax payable
(1,905,273)
2,507,265
Interest
$501,023
$316,897
Increase/(Decrease) in accrued expenses
2,900,671
3,862,324
Income tax
$8,908,524
$7,020,098
Increase/(Decrease) in other payables
3,478,979
200,683
Increase/(Decrease) in receipts in advance
2,116,671
311,693
INVESTING AND FINANCING ACTIVITIES NOT AFFECTING CASH FLOWS
Increase/(Decrease) in other current liabilities
470,916
46,004
Bonds payable converted to capital stock
$1,484,149
$3,509,518
Increase/(Decrease) in accrued pension liabilities
(56,149)
(34,294)
Bonds payable-current portion
$11,988,037
$-
Increase/(Decrease) in deferred income tax liabilities-noncurrent
189,745
334,093
Long-term loans-current portion
$2,219,239
$672,655
Increase/(Decrease) in other liabilities-others
34,070
13,796
Bonus appropriated to employees
$47,623
$447,410
Issuance of shares in exchange of shares of investee
$-
$2,698,526
Net cash provided by operating activities
21,365,205
28,405,051
Financial assets carried at cost-noncurrent transferred to other receivables
$-
$19,686
The accompanying notes are an integral part of the consolidated financial statements.
English Translations of Financial Statements Originally Issued in Chinese
FOR THE YEARS ENDED DECEMBER 31, 2008 AND 2007 (Retrospectively Adjusted)
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed in Thousands of New Taiwan Dollars)