Asus 2010 Annual Report Download - page 167
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163
Actuarial assumptions are as follows:
2010/1/1~2010/12/31 2009/1/1~2009/12/31
Discount rate 2.00%~2.25% 2.00%~2.25%
Future salary increase rate 2.25%~3.00% 1.00%~3.00%
Expected long-term rate of return on
plan assets
2.00% 2.00%~2.50%
The net pension costs in 2010 and 2009 consisted of the following:
2010/1/1~2010/12/31 2009/1/1~2009/12/31
Service cost $ 3,719 $ 4,524
Interest cost 3,739 6,425
Expected return on plan assets ( 4,594) ( 6,959)
Amortization and deferral 1,905 4,372
Net pension cost $ 4,769 $ 8,362
As of December 31, 2010 and 2009, the vested benefits were approximately $12,107 and
$3,964, respectively.
18) Common stock
(1) As of December 31, 2010, the Company’s authorized capital was $47,500,000, consisting
of 4,750,000,000 shares of common stock (including 50,000,000 shares reserved for
employee stock options), and the paid-in capital was $6,270,166 with a par value of $10
dollars per share.
(2) On June 16, 2009, the stockholders resolved to increase the Company’s capital by
26,851,000 shares by capitalizing its retained earnings and employees’ bonuses of
$268,512.
(3) In order to maximize the efficiency of the own-brand business and to dedicate the OEM
business, the Company held a special shareholders’ meeting on February 9, 2010 and
resolved to decrease its authorized capital by 85% and transfer its OEM business. The
record date for the capital reduction and transfer is June 1, 2010. The capital reduction,
which amounted to $36,097,609, was authorized by Financial Supervisory Commission,
Executive Yuan, R.O.C. on April 9, 2010. The registration procedures related to the
reduction were completed on June 21, 2010.
(4) As of December 31, 2010, the Company issued Global Depositary Receipts (GDRs), of
which 4,617,000 units of the GDRs are now listed on the London Stock Exchange. Per
unit of GDR represents 5 shares of the Company’s common stock and total GDRs
represent 23,085,000 shares of the Company’s common stock. The terms of GDR are as
follows:
A. Voting Rights
GDR holders may, pursuant to the Depositary Agreement and the relevant laws and
regulations of the R.O.C., exercise the voting rights pertaining to the underlying
common shares represented by the GDRs.