Asus 2009 Annual Report Download - page 201

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VII. Review of financial position, management performance and
risk management
I. Analysis of financial position
Comparison of Financial Position
Unit: NT$ thousands
Year
Item
2009 2008 Difference
Amount %
Current assets 99,144,691 95,725,535 4,948,128 5.25
Fixed assets 4,273,269 3,703,815 (437,717) (9.29)
Long-term investment and
other assets 125,511,719 122,679,180 3,845,054 3.16
Total assets 228,929,679 222,108,530 8,355,465 3.79
Current liabilities 52,939,062 52,327,421 2,145,957 4.22
Long-term liabilities and
other liabilities 2,806,640 2,494,491 312,149 12.51
Total liabilities 55,745,702 54,821,912 2,458,106 4.61
Capital stock 42,467,775 42,460,513 7,262 0.02
Additional paid-in capital 30,237,586 29,696,393 541,193 1.82
Retained earnings 96,525,371 93,003,248 3,522,123 3.79
Adjustments 3,953,245 2,126,464 1,826,781 85.91
Total Shareholders’ Equity 173,183,977 167,286,618 5,897,359 3.53
Analysis of financial ratio change:
1. Current assets: Accounts payable from the goods sold was increased significantly due
to the economic recovery in 2009Q4; also, inventory level was
controlled; therefore, inventory amount was decreased.
2. Long-term investment, intangible assets, and other assets: It was resulted from the increase
of long-term prepayment/
3. Current liabilities: Accounts payable for the inventory purchased was increased due to
the economic recovery in 2009Q4.
II. Business performance
(I) Comparison of business performance
Unit: NT$ thousands
Item 2009 2008 Amount change Ratio change (%)
Total operating income $236,530,280 $258,609,575 (22,079,295) (8.54)
Minus: Sales return and discount (3,953,376) (9,258,624) 5,305,248 (57.30)
Net operating income 232,576,904 249,350,951 (16,774,047) (6.73)
Operating cost (220,611,112) (232,968,921) 12,357,809 (5.30)
Gross profit 11,965,792 16,382,030 (4,416,238) (26.96)
(Minus) add: Realized
(unrealized) gross profit of the
affiliates
(906,321) 1,010,035 (1,916,356) (189.73)