Asus 2009 Annual Report Download - page 120

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ASUSTEK COMPUTER INC.
Notes to Financial Statements
2009/1/1~12/31 2008/1/1~12/31
Current income tax expense $ 1,052,520 4,232,696
The 10% additional income tax on unappropriated
earnings 628,666 915,311
Investment tax credits (471,550) (678,782)
1,209,636 4,469,225
Deferred income tax expense (benefit):
Decrease (increase) in unrealized sales profit on
inter-affiliate accounts (204,075) 252,509
Increase in unrealized purchase discounts (228,945) -
Decrease in bad debt losses 2,195 86,128
Decrease (increase) in inventory valuation loss 46,424 (404,879)
Deferred tax effect resulting from change in income
tax rate (75,878) -
Increase (decrease) in investment income under
equity method
(484,522) 229,851
Decrease (increase) in unrealized accrued expense 122,006 (373,160)
Others (45,137) (159,693)
(867,932) (369,244)
Income tax expense $ 341,704 4,099,981
C. The income tax computed on pre-tax financial income at the statutory rate was reconciled with
the income tax expense for the years ended December 31, 2009 and 2008, as follows:
2009/1/1~12/31 2008/1/1~12/31
Income tax calculated on pre-tax financial income $ 3,205,183 5,139,127
The 10% additional income tax on unappropriated
earnings 628,666 915,311
Investment tax credits (471,550) (678,782)
Estimated tax effect of tax exemption on investment
income, net (1,442,598) (1,002,305)
Business Operation Headquarters income tax
exemption on dividends declared by investees (806,620) (938,754)
The amount of basic income tax in excess of the
regular income tax - 1,001,819
Tax effect resulting from change in income tax rate (211,510) -
Tax-exempt cash dividend (58,750) (76,386)
Difference between prior years income tax estimation
and assessed results (648,538) 7,343
Others 147,421 (267,392)
Income tax expense $ 341,704 4,099,981