Asus 2008 Annual Report Download - page 198

194
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
VII. COMMITMENTS AND CONTINGENT LIABILITIES
1. As of December 31, 2008, the Company and subsidiaries had the following unused letters of
credit (foreign currencies are in thousand dollars):
Currencies
Total Amounts
USD $10,114
EUR $210
JPY $1,525,135
2. The Company’s income tax returns assessed by the Tax Bureau from 1996 to 2002 exceeded
the total amount filed by $2,927,620 thousand. The Company has petitioned for
re-assessment.
3. TWINHAN TECHNOLOGY CO., LTD.’s income tax returns assessed by the Tax Bureau
from 2002 to 2004 exceeded the total amount filed. TWINHAN TECHNOLOGY CO.,
LTD. has accrued the difference of the assessed amount out of prudence but has petitioned
for re-assessment.
4. A Cayman company filed a suit against the Company seeking injunction prohibiting the
Company from using certain specific materials from certain specific supplier. Taiwan
Supreme Court has declared that the legal action would be effective if this Cayman company
provides $46,000 thousand as collateral. Nevertheless, the Company had ceased to use the
certain specific materials; therefore, the decision will not damage the Company. In addition,
this Cayman company also filed a suit against the Company in Taipei District Court, for
$10,000 thousand as compensation for damage. The suit is currently under investigation in
Taipei District Court.
5. In Aug., 2006, a Japanese company filed a suit against the Company alleging that the
Company was engaged in patent infringement. The suit is currently under investigation in
East Texas Court in the US.
6. In Jan., 2007, an Australian organization filed a suit against the Company’s US subsidiary
alleging that the subsidiary was engaged in patent infringement. The suit is currently under
investigation in East Texas Court in the US.