Asus 2008 Annual Report Download - page 176

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172
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
16. ACCOUNTS RECEIVABLE-OVERDUE
Accounts receivable-overdue consist of the following:
2008/12/31
2007/12/31
Accounts receivable-overdue
$96,527 $97,388
Less: Allowance for doubtful accounts
(96,527)
(97,388)
Accounts receivable-overdue-net
$- $-
17. OTHER ASSETS
Due to restriction imposed by local government, KINSUS INTERCONNECT
TECHNOLOGY CORP. (“KINSUS”) purchased farmland in the name of KINSUS’
chairman instead of KINSUS. Before KINSUS may take over the title of farmland, as well
as completing registration procedures, the land is temporarily recorded as other assets. As
of December 31, 2008 and 2007, the book value of the farmland is $30,784 thousand.
18. SHORT-TERM LOANS
(1) Short-term loans consist of the following:
2008/12/31
2007/12/31
Letter of credit
$1,437 $124,881
Unsecured loans
14,224,407 6,981,055
Secured loans
348,000 60,000
Total
$14,573,844 $7,165,936
Interest rate range
1.16%~4.34% 1.55%~6.57%
(2) Please refer to Note VI for details regarding assets pledged as collateral for short-term
loans.
19. FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR
LOSS-CURRENT
(1) Financial liabilities at fair value through profit or loss-current consist of the following:
Derivatives
2008/12/31
2007/12/31
Forward exchange contracts
$878,824
$2
Embedded derivatives arising from domestic
convertible bonds
842,181
-
Total
$1,721,005
$2
(2) Please refer to Note X.3 for the transaction of derivative financial instruments.