Asus 2010 Annual Report Download - page 106

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102
C. After evaluating and comparing the carrying value of financial assets carried at cost and
the recoverable amount, no impairment loss was recognized for the years ended
December 31, 2010 and 2009.
(5) Notes and accounts receivable
2010/12/31 2009/12/31
Notes receivable $ - $ 5
Accounts receivable 9,191,918 902,409
9,191,918 902,414
Less: allowance for doubtful accounts ( 108,004) ( 82,263)
$ 9,083,914 $ 820,151
(6) Inventories
2010/12/31 2009/12/31
Raw materials $ 5,602,157 $ 2,817,832
Work in process 826,566 514,009
Finished goods 712,639 167,682
Merchandise inventory 10,249,608 13,379,163
Inventories in transit 80,601 596,863
17,471,571 17,475,549
Less: allowance for inventory valuation loss and
obsolescence ( 1,891,274) ( 2,388,054)
$ 15,580,297 $ 15,087,495
The amount of inventories recognized as net gain amounted to $492,549 and $406,281, of
which $496,780 and $409,800 were recognized as deduction from cost of sales due to a
reversal of inventory cost to its net realizable value for the years ended December 31, 2010
and 2009, respectively.