Asus 2009 Annual Report Download - page 112

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108
ASUSTEK COMPUTER INC.
Notes to Financial Statements
(3) Notes and accounts receivable – non-related parties
2009/12/31 2008/12/31
Notes receivable $ 5 644
Accounts receivable 902,409 430,977
902,414 431,621
Less: allowance for doubtful accounts (82,263) (13,961)
$ 820,151 417,660
(4) Inventories
2009/12/31 2008/12/31
Finished goods $ 167,682 1,705,279
Merchandise inventory 13,379,163 22,136,644
Work in process 514,009 945,185
Raw materials 2,817,832 5,142,401
Inventories in transit 596,863 253,283
Less: allowance for inventory valuation loss and
obsolescence (2,388,054) (2,797,854)
$ 15,087,495 27,384,938
Inventories recognized as expenses and gains amounted to $406,281 and expenses of $1,609,516,
of which $(409,800) and $1,619,516 were a deduction from (addition to) the cost of sales due to a
write-down (reversal) of inventory cost to its net realizable value, for the years ended December 31,
2009 and 2008, respectively.
(5) Long-term equity investments
2009/12/31 2008/12/31
Investee Company
Interest
Owned Amount
Interest
Owned Amount
PEGATRON 100% $ 95,397,920 100% 89,528,482
ASUS INTERNATIONAL
LIMITED (AIL) 100% 7,165,908 100% 14,914,064
Askey Computer Corp. (Askey) 100% 8,874,563 100% 9,285,216
ASUSTEK HOLDINGS LIMITED 100% 1,671,186 100% 1,821,172
Hua-Cheng Venture Capital Corp. 100% 1,056,282 100% 533,794
Others 1,844,089 1,270,092
$ 116,009,948 117,352,820