Asus 2009 Annual Report Download - page 172
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168
ASUSTeK COMPUTER INC. AND SUBSIDIARIES
Notes to Financial Statements
(Continued)
(9) Non-current assets held for sale
2008/12/31
Items Cost
Accumulated
Depreciation Book Value
Land $ 110,115 - 110,115
Buildings 58,203 18,064 40,139
$ 168,318 18,064 150,254
Add: Fair value adjustment
for identifiable assets
32,622
$ 182,876
A. There is no indication of cash flow in future years for non-current asset held for sales which are
currently not used for operation; therefore, the Group recognized the net fair value as the
recoverable amount.
B. The Company obtained control over Ability Enterprise from a share swap and adopted R.O.C.
SFAS No. 25 to adjust the difference between acquisition cost and fair value of the non-current
assets held for sale based on the Group’ s percentage of ownership. As of December 31, 2008,
the adjustment amounted to $32,622.
C. Ability Enterprise entered into a real estate purchase/sell contract in March 2009, to sell for
$360,000 the above non-current asset held for sale. The gain realized from such sale amounted
to $178,573, after deducting the carrying value and related expenses. The payment had been
collected in 2009.
(10)Intangible assets and other assets
A. In accordance with the R.O.C. SFAS No. 35, the Group assessed for impairment of the goodwill
arising from acquisition of Ability Enterprise under the purchase method and recorded
impairment loss thereon of $240,000 in 2008.
B To ensure the supply of raw materials, the Company has entered into an agreement with a
supplier for a guaranteed quantity of materials at a discount to market price. The Company
prepaid $3,217,000, which was recorded as other assets － others.
C Due to the restriction imposed by local government, KINSUS purchased farmland in the name
of KINSUS’ s chairman instead of KINSUS. Before KINSUS may take over the title to the
farmland as well as completing the registration procedures, the land is temporarily recorded as
other assets. As of December 31, 2009 and 2008, the book value of the farmland was $30,784.