Asus 2009 Annual Report Download - page 111

Download and view the complete annual report

Please find page 111 of the 2009 Asus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 239

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239

107
11
ASUSTEK COMPUTER INC.
Notes to Financial Statements
A. Forward foreign currency exchange contracts:
The forward foreign currency exchange contracts were intended mainly to hedge foreign
currency risk from operating activities. As of December 31, 2009 and 2008, the Company did
not meet the criteria for hedge accounting. The derivatives recognized as financial instruments
held for trading were as follows (in thousands of dollars):
2009/12/31 2008/12/31
Nominal
Amount Period
Nominal
Amount Period
Derivative financial liabilities:
USD forward foreign currency
exchange contracts sold USD - -USD 20,000
2008.12.3~
2009.1.22
The Company had settled all forward foreign currency exchange contracts and foreign currency
option contracts as of December 31, 2009. The gain (loss) resulting from changes in fair value
of forward foreign currency exchange contracts and option contracts amounted to $83,235 and
$(79,604) for the years ended December 31, 2009 and 2008, respectively.
B. Available-for-sale financial assets:
For the years ended December 31, 2009 and 2008, the unrealized gains (losses) on available-for-
sale financial assets amounted to $2,086,902 and $(1,952,781), respectively, and were recorded
as a separate component of stockholders’ equity.
C. Financial assets carried at cost:
(a) ASUSCOM Network Inc. a completed its liquidation in year 2009. GREENASUs and
Azureware Cayman began their liquidation procedures in December and October 2009,
respectively. The Company has stopped applying the equity method in accordance with
related regulations.
(b) The Company assessed and compared the book value and collectable amount of financial
assets carried at cost – non-current and recognized impairment loss amounting to $0 and
$37,141 for the years ended December 31, 2009 and 2008, respectively.