Asus 2008 Annual Report Download - page 173

Download and view the complete annual report

Please find page 173 of the 2008 Asus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 251

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251

169
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
12. LONG-TERM INVESTMENTS UNDER THE EQUITY METHOD
(1) Long-term investments under the equity method consist of the following:
2008/12/31
2007/12/31
Interest
Interest
Investee Companies
Amount
Owned
Amount
Owned
WISE INVESTMENT LIMITED
$35,758
48.78%
$192,329
48.78%
YOFREE TECHNOLOGY CO., LTD.
4,282
33.33%
-
33.33%
WILSON HOLDINGS LIMITED
153,279
49.00%
155,583
49.00%
Potix Corporation (Cayman)
8,462
22.22%
31,279
22.22%
INDEED HOLDINGS LIMITED
471,971
49.00%
487,486
49.00%
ZhangJiaGang Dongbu High Technology
Metal Products Co., Ltd.
29,723
20.00%
38,342
20.00%
Asint Technology Corporation
48,950
25.00%
49,881
28.57%
EVER PINE INTERNATIONAL LTD.
(BVI)
136,963
34.65%
176,072
34.65%
SHIN-EI YORKEY
INTERNATIONAL LTD. (BVI)
29,971
50.00%
35,725
50.00%
YORKEY OPTICAL
INTERNATIONAL (CAYMAN)
LTD.
1,169,211
20.69%
1,155,617
20.69%
PENTAX VQ CO., LTD.
62,164
40.00%
108,930
40.00%
Avy Precision Technology Inc.
359,343
19.60%
295,648
20.13%
ASHINE PRECISION CO., LTD.
141,989
40.00%
59,609
44.16%
Excelliance MOS Corporation
50,169
30.00%
-
-
Subtotal
2,702,235
2,786,501
Add: Fair value adjustment fo
r identifiable
assets
71,340
237,330
Total
$2,773,575
$3,023,831
(2) The Company gained control over Ability Enterprise Co., Ltd. from a share swap and
adjusted the difference between the acquisition cost and the fair value of long-term
investment-Avy Precision Technology Inc. based on the Company’s percentage of
ownership. As of December 31, 2008 and 2007, the adjustments amounted to $71,340
thousand and $237,330 thousand, respectively.
(3) When compiling the consolidated financial statements, the Company and subsidiaries
recognized their investment income on a basis of their equity investees’ current financial
statements and the percentages of their voting rights. The investment income based on
the investees’ audited financial statements for the years ended December 31, 2008 and
2007 amounted to $52,249 thousand and $113,340 thousand, respectively.