Asus 2008 Annual Report Download - page 191

187
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
28. INCOME TAX
2008/12/31
2007/12/31
(1) Deferred income tax assets-current
$2,812,896
$1,487,411
Valuation allowance for deferred income tax
assets-current
-
-
Deferred income tax assets-current (net)
2,812,896
1,487,411
Deferred income tax liabilities-current
(50)
(8,459)
Total net deferred income tax
assets/(liabilities)-current
$2,812,846
$1,478,952
2008/12/31
2007/12/31
(2) Deferred income tax assets-noncurrent
$394,303
$377,150
Valuation allowance for deferred income tax
assets-noncurrent
-
-
Deferred income tax assets-noncurrent (net)
394,303
377,150
Deferred income tax liabilities-noncurrent
(2,196,252)
(1,993,566)
Total net deferred income tax
assets/(liabilities)-noncurrent
$(1,801,949)
$(1,616,416)
(3) The reconciliation of income tax and income tax payable of the Company and subsidiaries
are as follows:
2008
2007
Income tax expense
$5,611,908
$7,828,405
Add/(Deduct):Income separately taxed
2,315
1,634
Investment tax credits and others
(109,894)
(420,437)
Income tax payable
$5,504,329
$7,409,602
(4) The Company’s income tax returns for the years prior to 2005 have been assessed by the
Tax Bureau. The 2005 and all subsequent years’ income tax returns are being examined
by the Tax Bureau.
(5) The Tax Bureau had assessed the Company’s income tax returns from 1996 to 2002, and
the total assessed amount exceeded the total amount filed by $2,927,620 thousand. The
Company has accrued the difference of the assessed amount out of prudence but has
petitioned for re-assessment.