Asus 2008 Annual Report Download - page 92

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ASUSTEK COMPUTER INC.
Notes to Non-Consolidated Financial Statements
December 31, 2008 and 2007 (Retrospectively Adjusted)
(In thousands of New Taiwan dollars unless otherwise stated)
I. ORGANIZATION AND OPERATIONS
ASUSTeK Computer Inc. was established on April 2, 1990. Its main activities are to produce,
design and sell “Notebook PC, main board, CD-ROM and add-on cards”.
The Company resolved to spin-off its OEM businesses on January 1, 2008. According to the
Company’s resolution, the Company transferred its computer and non-computer related OEM
businesses to its spun-off subsidiaries PEGATRON CORPORATION and UNIHAN
CORPORATION, respectively.
The Company’s headcounts amounted to 3,933 and 8,885, respectively, on December 31, 2008
and 2007.
II. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements were prepared in accordance with “Business Accounting Law” and
“Criteria for Handling Business Accounting” with respect to financial accounting standards,
“Criteria Governing the Preparation of Financial Reports by Securities Issuers” and generally
accepted accounting principles in the Republic of China on Taiwan (“R.O.C.”). The
significant accounting policies are as follows:
1. Foreign currency transactions and translation of financial statements in foreign currencies
Transactions of non-derivative financial instruments denominated in foreign currencies are
recorded in New Taiwan Dollars at the rates of exchange rates in effect when the
transactions occurred. Translation gains or losses arising from the settlements of the
monetary assets and liabilities denominated in foreign currencies are included in profit or
loss in the year of actual settlement.
Monetary assets and liabilities denominated in foreign currencies are remeasured on the
balance sheet date using the exchange rates in effect as on that date, with related exchange
gains and losses included in the statements of income.