Asus 2010 Annual Report Download - page 158

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154
(3) As of December 31, 2009, the fair value of the derivative financial assets for cash flow
hedging is as follows:
Financial instrument
was designated Period for
Period of gain (loss)
recognized in
Hedged Item for hedging instrument Fair value anticipated cash flow income statement
Forecasted
transactions
Forward exchange
contracts
$ 306,361 2009.10~2010.03 2009.10~2010.03
(4) The unexpired financial instrument contracts are as follows (foreign currencies are
expressed in thousands):
2010/12/31 2009/12/31
Nominal Contract Nominal Contract
Amount Period Amount Period
Derivative financial assets for hedging:
Forward exchange contracts sold
-GBP/USD GBP 28,900 2010.09~2011.03 GBP 4,300 2009.11~2010.03
-EUR/USD EUR 426,300 2010.09~2011.03 EUR 150,000 2009.10~2010.03
-SEK/USD SEK 116,400 2010.10~2011.04 SEK 24,100 2009.11~2010.03
-CHF/USD CHF - - CHF 5,200 2009.11~2010.03
-NOK/USD NOK 55,000 2010.11~2011.04 NOK 8,100 2009.11~2010.03
-DKK/USD DKK - - DKK 3,600 2009.11~2010.02
-AUD/USD AUD - - AUD 2,000 2009.11~2010.02
-JPY/USD JPY - - JPY 1,445,000 2009.10~2010.03
Derivative financial liabilities for hedging:
Forward exchange contracts sold
-CHF/USD CHF 7,600 2010.09~2011.02 CHF - -
-AUD/USD
AUD 49,450
2010.09~2011.03 AUD - -
-JPY/USD JPY 2,998,300 2010.08~2011.03 JPY - -
-RUB/USD RUB 2,000,000 2010.12~2011.02 RUB - -
6) Notes and accounts receivable
Items 2010/12/31 2009/12/31
Notes receivable $ 3,788,325 $2,470,319
Accounts receivable 46,903,899 86,018,994
50,692,224 88,489,313
Less: allowance for doubtful accounts ( 864,544) ( 1,003,535)
$ 49,827,680 $ 87,485,778
As of December 31, 2009, KINSUS had sold accounts receivable as follows:
Write-off
of accounts Limits for sales of
Purchaser receivable Receipt in advance Collateral accounts receivable
Mega International
Commercial Bank
$ 313,090 $ 192,404 None USD 30,000
thousands