Asus 2009 Annual Report Download - page 198

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194
ASUSTeK COMPUTER INC. AND SUBSIDIARIES
Notes to Financial Statements
(Continued)
10. Others
(1) Personnel expenses, depreciation, and amortization for the years ended December 31, 2009 and
2008, were as follows:
2009/1/1~12/31 2008/1/1~12/31
Cost of
sales
Operating
expenses Total
Cost of
sales
Operating
expenses Total
Personnel expenses
Salaries 13,243,618 17,490,079 30,733,697 14,846,394 13,965,530 28,811,924
Labor and health
insurance 449,894 966,131 1,416,025 653,489 822,690 1,476,179
Pension 848,563 652,013 1,500,576 197,342 348,607 545,949
Other 193,093 480,697 673,790 301,014 466,681 767,695
Depreciation 7,927,877 1,978,869 9,906,746 6,228,215 1,755,208 7,983,423
Amortization 1,875,989 1,343,949 3,219,938 1,347,905 916,852 2,264,757
(2) The Company’ s significant agreement as of December 31, 2009, was as follows:
Name of Contract Party Content
Marketing Agreement Microsoft Corporation Project planning
(3) In order to enhance competitiveness and boost productivity, the Company’ s shareholders resolved,
on October 30, 2007, to restructure the Company’ s businesses into own-brand and OEM. The
date of the spin-off was January 1, 2008. Pursuant to the resolution, the Company transferred its
computer OEM business with estimated value of $70,000,000 to its newly established subsidiary
PEGATRON by subscribing 1,600,000,000 newly issued shares at 43.75 dollars per share of
PEGATRON. In addition, the Company transferred its non-computer OEM business and
machine hull and molding tool R&D business with estimated value of $12,000,000 to its newly
established subsidiary UNIHAN by subscribing 800,000,000 newly issued shares at 15 dollars per
share of UNIHAN. The plan was approved by the relevant authorities. The registration of
changes was completed in January 2008. The assets and liabilities for the spin-off were as
follows:
PEGATRON UNIHAN Total
Assets
Current assets $ 21,999,830 12,555,287 34,555,117
Long-term investments 66,867,161 7,060,209 73,927,370
Property, plant and equipment 4,761,981 127,143 4,889,124
Other assets 353,066 126,822 479,888
93,982,038 19,869,461 113,851,499