Asus 2010 Annual Report Download - page 112

108
B. The Company is facing a rapidly changing industrial environment, with the life cycle of
the industry in the growth phase. In light of the long-term financial plan of the
Company and the demand for cash by the stockholders, the Company should distribute
cash dividends of no less than 10% of the total dividends declared.
C. Except for covering accumulated deficit or increasing capital, the legal reserve shall not
be used for any other purpose. Capitalization of the legal reserve is permitted, provided
that the balance of the reserve exceeds 50% of the Company’s paid-in capital and the
amount capitalized does not exceed 50% of the balance of the reserves.
D. The appropriation of 2009 and 2008 earnings had been resolved at the stockholders’
meeting on April 22, 2010 and June 16, 2009, respectively. Details are summarized as
follows:
20
09
200
8
Dividends Dividends
per share
per share
Amount
(in dollars)
Amount
(in dollars)
Cash dividends $ 8,918,232 $ 2.10 $ 8,439,852 $ 2.00
Stock dividends
-
-
84,398
0.02
Directors’ and
supervisors’
remuneration
69,844 52,824
Employees’ stock
bonus
- 700,000
Employees’ cash
bonus
698,438 250,837
(A) The appropriation of 2009 earnings stated above is the same as that proposed by the
Board of Directors on March 12, 2010.
(B) There was no difference between the actual amounts of employees’ bonuses and
directors’ and supervisors’ remuneration for 2009 and 2008 and the amounts
accrued as expenses in the 2009 and 2008 financial statements.
(C) As of the financial reporting date, the appropriation of 2010 earnings had not been
resolved by the Board of Directors. Information on the appropriation of the
Company’s earnings as resolved by the Board of Directors and approved by the
stockholders will be posted in the “Market Observation Post System” at the website
of the Taiwan Stock Exchange.
E. The Company estimates the amount of employees’ bonuses and directors’ and
supervisors’ remuneration according to the Company Law and the Company’s articles of
incorporation for the financial statements. The employees’ bonuses and directors’ and
supervisors’ remuneration were estimated and recognized based on a specific percentage
approved by the management in accordance with the Company’s articles of incorporation.
The Company recognized employees’ bonuses of $710,625 and $698,438, and directors’
and supervisors’ remuneration of $142,125 and $69,844 for the years ended December 31,
2010 and 2009, respectively. The number of shares of the dividend distribution is based
on the closing price of the day before the shareholders’ meeting date and considering the
effect of ex-rights and ex-dividends. Differences between the amounts approved in the