Asus 2009 Annual Report Download - page 170

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166
ASUSTeK COMPUTER INC. AND SUBSIDIARIES
Notes to Financial Statements
(Continued)
(6) Long-term equity investments
2009/12/31 2008/12/31
Investee Company
Interest
Owned Amount
Interest
Owned Amount
YORKEY OPTICAL
INTERNATIONAL (CAYMAN)
LTD.
Note 20.69% 1,169,211
INDEED HOLDINGS LIMITED 49.00% $ 726,939 49.00% 471,971
AVY Precision Technology Inc. 20.39% 811,883 19.60% 430,683
WILSON HOLDINGS LIMITED 49.00% 160,340 49.00% 153,279
EVER PINE INTERNATIONAL
LTD. (BVI) 34.65% 121,207 34.65% 136,963
ASHINE PRECISION CO., LTD. - - 40.00% 141,989
Others 325,407 269,479
$ 2,145,776 2,773,575
Note：The Group had lost control over YORKEY OPTICAL INTERNATIONAL (CAYMAN)
Ltd. and its investment thereon was reclassified as available-for-sale financial asset –
current.
The investment income recognized from these investments under the equity method , which
amounted to $332,956 and $52,249 for the years ended December 31, 2009 and 2008, respectively,
was determined based on the investee companies’ audited financial statements.
(7) Interests in joint ventures
PEGATRON has a joint venture investment in ADVANSUS whose common stock amounting to
$360,000 and $600,000 as of December 31, 2009 and 2008, respectively. PEGATRON holds 50%
interest of ADVANSUS, which was consolidated in proportion to the Group. Assets, liabilities,
revenues and expenses of PEGATRON’ s interest were as follows:
2009/12/31 2008/12/31
Current assets $ 487,823 420,029
Non-current assets 17,290 24,495
Current liabilities 283,972 134,951
Other liabilities 742 345