Asus 2008 Annual Report Download - page 157

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153
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
Percentage of ownership
Name of subsidiaries
Nature of business
2008/12/31
2007/12/31
NxNet Systems, Inc. (China)
Manufacturing and selling software,
integrated circuits, and network
technology
(Note 4)
85.97%
NxNet Systems, Inc. (Taiwan)
Manufacturing and selling wired and
wireless communication equipment
(Note 4)
85.97%
ASUSALPHA Computer Inc.
Manufacturing and selling computer
peripherals and electronic
information supply service
(Note 5)
100%
AXIS PRECISION INC.
Manufacturing and selling electronic
parts
(Note 6)
98%
TWINHAN TECHNOLOGY CO.,
LTD.
Designing, manufacturing and selling
computer products
(Note 7)
56.38%
Note 1: ADVANSUS Corp. is a joint-venture. The consolidated financial statements
recognize only the proportion of joint venture owned by the Company.
Note 2: These companies were established or acquired in 2008; therefore, they were not
included in the consolidated financial statements for the year ended December 31,
2007.
Note 3: These companies were liquidated in 2008; therefore, their profit or loss was no
longer consolidated after the liquidation date.
Note 4: These companies were sold in 2008; therefore, their profit or loss was no longer
consolidated after the date of disposal.
Note 5: ASUSALPHA Computer Inc. was merged by PEGATRON CORPORATION in
2008.
Note 6: AXIS PRECISION INC. was merged by AMA PRECISION INC. in 2008.
Note 7: TWINHAN TECHNOLOGY CO., LTD. was merged by AzureWave Technologies,
Inc. in 2008.
2. Policy of preparing consolidated financial statements
(1) The consolidated financial statements are prepared in accordance with the R.O.C. SFAS
No. 7 “Accounting for Consolidated Financial Statements”. Transactions between
consolidated entities are eliminated when the consolidated financial statements are
prepared.
(2) When the Company and subsidiaries hold more than 50% of voting rights of investees
(including the exercisable and convertible potential voting rights owned by the
consolidated companies with the exception that any evidence indicates that the Company
and subsidiaries have no controlling power from their percentage of ownership), or when
any one of the criteria listed below is met, the investees are deemed as controlled by the
Company and subsidiaries. In other words, the Company and subsidiaries are deemed
as having the parent-subsidiary relationship with the investees. The Company and
subsidiaries not only adopt the equity method to evaluate such investments but prepare
the consolidated financial statements including these investees.