Asus 2009 Annual Report Download - page 196

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192
ASUSTeK COMPUTER INC. AND SUBSIDIARIES
Notes to Financial Statements
(Continued)
have entered into a settlement agreement in September 2009 to close the case.
F. AVerMedia Technologies Inc. filed an attachment for damage loss against Lumens Digital
Optics Inc. with Taiwan HsinChu District court on January 3, 2005. Lumens Digital Optics Inc.
pledged a deposit of $90,000 as counter-security to the Court for rescinding the attachment. In
addition, AVerMedia Technologies Inc., again, filed an attachment for the same reason with
the court. HsinChu District court has seized the inventory of Lumens Digital Optics Inc.
amounting to $16,410. This case is currently under investigation and Lumens Digital Optics
Inc. believes that there is no material loss on the aforementioned case.
G. One of ASUSPOWER CORPORATION’ s American customers voluntarily filed for
bankruptcy with United States Bankruptcy Court of California District on June 8, 2005. The
customer has made payments for goods amounting to US$1,439,484 to ASUSPOWER
COPORATION 90 days before filing the bankruptcy. Insolvency administrator of the
customer filed a lawsuit with California court later on claiming that according to United States
Bankruptcy Code § 547, the payments could be returned and requested ASUSPOWER
CORPORATION to return the amount paid. ASUSPOWER CORPORATION received a
notice from the court in September 2009, and entered a plea. This lawsuit is still under
investigation.
(4) 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 has paid in
advance. Please refer to note 4(10) B.
(5) The Group entered into operating lease contracts for its offices and parking spaces. Future lease
payments under those leases are as follows:
Year Amount
2010 $ 319,274
2011 251,787
2012 215,911
2013 104,016
2014 and after 80,413
(6) Details of operating lease for significant property used by ASUS COMPUTER
INTERNATIONAL are as follows:
Lessor Leased Asset Period Refundable Deposits
Sobrato Interest, LP The office and warehouse in
Fremont, California
2008/6/1~2018/5/31 USD 1,500,000