Asus 2008 Annual Report Download - page 148

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144
English Translation of Consolidated Financial Statements Originally Issued in Chinese
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 31, 2008 and 2007 (Retrospectively Adjusted)
(In thousands of New Taiwan dollars unless otherwise stated)
I. ORGANIZATION AND OPERATIONS
ASUSTeK Computer Inc. was established on April 2, 1990. Its main activities are to produce,
design and sell “Notebook PC, main board, CD-ROM and add-on cards”.
The Company resolved to spin-off its OEM businesses on January 1, 2008. According to the
Company’s resolution, the Company transferred its computer and non-computer related OEM
businesses to its spun-off subsidiaries PEGATRON CORPORATION and UNIHAN
CORPORATION, respectively.
The headcounts of the Company and subsidiaries amounted to 104,294 and 121,199 on
December 31, 2008 and 2007, respectively.
II. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements were prepared in accordance with “Criteria Governing the Preparation
of Financial Reports by Securities Issuers” and generally accepted accounting principles in the
Republic of China on Taiwan (“R.O.C.”). The significant accounting policies are as follows:
1. Overview of consolidated financial statements
In accordance with the R.O.C. Statement of Financial Accounting Standard (“SFAS”) No. 7
“Accounting for Consolidated Financial Statements”, the consolidated entities include the
subsidiaries in which the Company has controlling power by sufficient voting rights or actual
controlling power without obtaining sufficient votes.