Asus 2010 Annual Report Download - page 103
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99
additional paid-in capital or retained earnings.
B. The convertible bonds and employee stock bonuses which have not yet been approved in
the stockholders’ meeting are potential common shares. Only basic earnings per share is
disclosed if there is no dilutive effect. Otherwise, both basic and diluted earnings per
share are disclosed. For the purpose of calculating diluted earnings per share, the potential
common shares are deemed to have been converted into common stock at the beginning
of the period, and the effect on net income of the additional common shares outstanding is
considered accordingly.
(17)Revenues, costs and expenses
The Company recognizes revenue when the revenue earning process has been significantly
completed, which means the revenue has been realized or is readily realizable and earned. Cost
is recognized when the related revenue is accrued; expenses are recognized as current
expenses when incurred.
(18)Use of estimates
The preparation of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect the amounts of
assets and liabilities and the disclosures of contingent assets and liabilities at the date of the
financial statements and the amounts of revenues and expenses during the reporting period.
Actual results could differ from those assumptions and estimates.
(19) Spin-off transaction
The Company resolved to spin off its OEM assets and businesses. The Company adopted
Interpretation (91) 128, Interpretation (91) 106 and 107 issued by the ARDF to account for its
spin-off transactions. Since the transferee company continues the transferor company’s
economic activities, the Company did not record any gain or loss from the said spin-off
transaction but has adjusted the net assets and long-term equity investment related additional
paid-in capital and other equity account against retained earnings or other components.
3. CHANGE IN ACCOUNTING PRINCIPLE
Effective from January 1, 2009, the Company measured its inventories initially and subsequently
in accordance with R.O.C. SFAS No. 10, “Inventories”. Accordingly, net income decreased by
$868,183 and basic earnings per share decreased by $0.20 (in dollars) for the year ended December
31, 2009.
4. DETAILS OF SIGNIFICANT ACCOUNTS
(1) Cash and cash equivalents
2010/12/31 2009/12/31
Petty cash and cash on hand $ 264 $ 265
Checking and demand deposits 4,632 4,961
Time deposits 25,409,994 16,396,864
$ 25,414,890 $ 16,402,090