Asus 2008 Annual Report Download - page 209

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205
ASUSTEK COMPUTER INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(In thousands of New Taiwan dollars unless otherwise stated)
Presented as follows (in thousand dollars):
2008/12/31
Book value
Fair value
Liabilities
Financial liabilities at fair value through
profit or loss-current (forward
exchange contracts)
USD 26,781
USD 26,781
ASUS TECHNOLOGY PTE. LIMITED incurred net loss on valuation of financial
liabilities of USD 26,781 thousand in 2008.
ASUS TECHNOLOGY PTE. LIMITED had no such item during 2007.
4. OTHERS
(1) The Company’s significant agreement as of December 31, 2008 was as follows:
Name of Contract
Party
Content
Marketing Agreement
Microsoft Corporation
Project planning
(2) In order to enhance competitiveness and boost productivity, the Company’s shareholders
resolved, on October 30, 2007, to restructure the Company’s business into own-brand
and OEM. The date for the spin-off was set to commence on January 1, 2008.
According to the resolution, the Company transferred its computer OEM business, with
estimated value of $70,000,000 thousand to its newly established subsidiary,
PEGATRON CORPORATION, by subscribing 1,600,000,000 newly issued shares at
$43.75 per share of PEGATRON CORPORATION. In addition, the Company
transferred its non-computer OEM business and machine hull and molding tool R&D
business with estimated value of $12,000,000 thousand to its newly established
subsidiary, UNIHAN CORPORATION, by subscribing 800,000,000 newly issued shares
at $15 per share of UNIHAN CORPORATION. The plan has been approved by the
relevant authorities. The registration of changes was completed in January 2008.