Asus 2010 Annual Report Download - page 120
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116
Related Party Relationship with the Company
ASAP INTERNATIONAL CO., LIMITED
Director
s, supervisors and key management
Non
related party (Note 1) (Note 3)
Director
s, supervisors and key management
Others (related parties with non
-significant
transactions)
Related parties under the definition of R.O.C.
SFAS No. 6
Note 1: Subsidiary of the Company before May 31, 2010.
Note 2: Investee accounted for under the equity method before May 31, 2010.
Note 3: Subsidiary of investee accounted for under the equity method from June 1 to
December 30, 2010.
Note4: BOARDTEK (H.K.) TRADING LIMITED changed its name to PIOTEK (H.K.)
TRADING LIMITED in 2010.
(2) Significant related party transactions
A. Sales
2010/1/1~12/31 2009/1/1~12/31
Amount % Amount %
ASTP $ 273,375,997 92 $ 210,597,333 91
ASUS TECHNOLOGY 14,983,948 5 13,296,236 6
Others 402,380 - 1,713,538 1
$ 288,762,325 97 $ 225,607,107 98
(A) The sales prices of related party transactions were decided on the basis of the
economic environment and market competition in each sales area. The terms of the
transactions are O/A 90 days or open account 30 to 90 days. The terms of the above
transactions are not different from those with third parties.
(B) The unrealized gain resulting from the above transactions as of December 31, 2010
and 2009 was $1,294,000 and $1,204,657, respectively, which was recognized as
deferred credits.
B. Purchases (including purchases on behalf)
2010/1/1~12/31 2009/1/1~12/31
Amount % Amount %
PEGATRON $ 206,113,685 47 $ 196,136,624 61
ASINT 5,190,484 2 1,500,186 -
PIOTEK (H.K.) 1,075,565 - 144,175 -
PIOTEK COMPUTER 918,880 - 1,516,942 -
Others 1,645,507 - 1,579,673 1
$ 214,944,121 49 $ 200,877,600 62
Purchase terms are open account 30 to 60 days or 7 to 90 days from receipt of goods and
were similar to those for third party customers.