Asus 2009 Annual Report Download - page 121

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ASUSTEK COMPUTER INC.
Notes to Financial Statements
D. The components of deferred income tax assets (liabilities) as of December 31, 2009 and 2008,
were as follows:
2009/12/31 2008/12/31
Deferred income tax assets:
Unrealized sales profit $ 240,931 74,584
Inventory provisions 477,611 699,464
Unrealized accrued expense 248,764 468,645
Others 293,634 32,931
1,260,940 1,275,624
Deferred income tax liabilities:
Investment income recognized under the equity
method (overseas) (1,157,758) (2,039,488)
Others (282,115) -
(1,439,873) (2,039,488)
$ (178,933) (763,864)
2009/12/31 2008/12/31
Net deferred income tax assets – current $ 1,192,244 1,270,295
Net deferred income tax liabilities – non-current (1,371,177) (2,034,159)
$ (178,933) (763,864)
E. The R.O.C. tax authorities have examined the Company’ s income tax returns through 2007
except for the year 2006. The Company disagreed with the assessment and filed formal tax
appeals for tax returns of years 1997, 1999, and 2000 through 2002. The total amounts of the
assessed additional income tax were recognized in the accompanying statements of income.
These tax appeals were resolved in 2009 and the Company adjusted income tax expense
according to the result thereof. In addition, the income tax return for the year 2005 was
examined in 2009, and the Company adjusted income tax expense accordingly. The tax
authorities assessed further the Company for additional income tax of $716,266 for the years
1996 and 1998. The Company disagreed with the assessment and filed formal tax appeals.
These additional income tax assessments were recognized in the accompanying statements of
income.