Asus 2009 Annual Report Download - page 58

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(6) Execution of Dividend Policy
1. Dividend Policy
The company is in a changing industrial environment and a growing industrial life cycle. For the
company’ s long-term financial planning and the shareholder’ s need for cash inflow, the annual
distribution of cash dividend may not be for an amount below 10% of cash dividend and stock
dividend together.
2. Proposed Distribution of Dividends:
(1) The company’ s had appropriated legal surplus for an amount of $1,247,906,564 equivalent to
10% of net income, $12,479,065,636, in 2009. Therefore, an amount of $11,231,150,072 was
available for distribution in 2009 and with the retained earnings of prior periods available for
distribution amounted $65,136,092,187 for a grand total of $76,367,251,259 at yearend that
was distributed in accordance with the “Articles of Incorporation” as follows (Please refer to
the distribution of retained earrings table for details):
i. Shareholder dividend: NT$ 4,246,777,484, distributed in cash.
ii. Shareholder cash dividends: NT$ 4,671,455,232.
(2) If shareholder’ s cash dividend is less than NT$ 1, the distribution will be made in the form of
cash rounded and adjusted by a specific represent arranged by the Chairman of the Board of
Directors.
(3) The distribution of retained earnings was scheduled before the base date for dividend
distribution. If the dividend distribution rate is affected by the changes in outstanding stock
shares due to the conversion of convertible bond to stock shares or the purchase of Treasury
stock, the shareholders meeting may be authorize the board of directors to handle it.
(4) The board of directors is authorized to schedule the base date for dividend distribution and
handle the process upon a resolution is reached in the shareholders meeting.
Distribution of Retained Earnings
2009 /Unit: NT$
Account Name Amount Remarks
Unappropriated Earning, Beginning (Before
adjusted) 65,568,784,392
(-)Cancelled Treasury stock 440,173,025
(+)Effect of Changes of The Investee
Companies' Equity 7,480,820
Unappropriated Earning 65,136,092,187
FY2009 Profit After Tax 12,479,065,636
(-)10% Legal Reserve 1,247,906,564
FY2009 Distributable Profit 11,231,159,072
FY2009 Distributable Earnings 76,367,251,259
Appropriation Items:
Dividend Interest (10%) 4,246,777,484 NTD$1.0 / share
Cash Dividend 4,671,455,232 NTD$1.1 / share
FY2009 Undistributed Profit 2,312,926,356
FY2009 Unappropriated Earnings, Ending 67,449,018,543
Notes:
Employee’ s Bonus 698,438,530
Remuneration for Directors and Supervisors 69,843,815
Note: The proposed profit distribution is allocated from 2009 retained earnings available for distribution.
(7) Impact of the proposed stock dividend in shareholders meeting on business performances and EPS:
Not Applicable
Note: The Company did not have financial forecast proposed up to the date of the annual report