Asus 2009 Annual Report Download - page 109
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105
ASUSTEK COMPUTER INC.
Notes to Financial Statements
(18) Spin-off transactions
The Company resolved to spin off its OEM businesses on January 1, 2008. The Company
transferred its computer and non-computer OEM businesses to its spun-off subsidiaries
PEGATRON and UNIHAN and obtained their issued equity. The Company adopts Interpretation
(91) 128 issued by the ARDF to account for its spin-off transactions. Because the transferor
company and the transferee company are affiliated, the transferor company shall recognize long-
term investment under the equity method based on the book value (if the transferor has any
impairment loss, the transferee shall recognize the book value based on impairment loss
recognized) of the assets and liabilities of the transferor company without any transfer gain/(loss).
3. Changes in Accounting Policy and Their Influence
(1) Effective from January 1, 2009, the Company measured its inventories initially and subsequently
in accordance with R.O.C. SFAS No. 10 “Inventories”. Accordingly, net income decreased by
$868,183 and basic earnings per share decreased by 0.2 dollars for the year ended December 31,
2009.
(2) Effective from January 1, 2008, the Company adopted R.O.C. SFAS No. 39 and Interpretation (96)
052 issued by the ARDF for share-based payment transaction. The adoption of these new
accounting principles decreased net income by $903,925 and basic earnings per share by NTD
0.21 for the year ended December 31, 2008. In accordance with Interpretation (97) 169 issued by
the ARDF, the new shares issued as employees’ bonuses in 2008 and later years are no longer
retroactively adjusted when calculating basic earnings per share and diluted earnings per share.
Employees’ bonuses issued in form of stock with dilutive effect are considered in the calculation
of diluted earnings per share. The Company adopted R.O.C. SFAS No. 39 “Share-based
payment” to account for the transfer of equity instruments from shareholders to the Company’ s or
affiliated companies’ employees. Accordingly, net income decreased by $286,224 and basic
earnings per share decreased by 0.07 dollars for the year ended December 31, 2008.
4. Details of Significant Accounts
(1) Cash and cash in banks
2009/12/31 2008/12/31
Petty cash and cash on hand $ 265 264
Checking accounts and demand deposits 4,961 359,755
Time deposits 16,396,864 10,418,290
$ 16,402,090 10,778,309