Asus 2010 Annual Report Download - page 184
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180
gain and loss resulting from the forward contracts and currency option contracts.
Thus, the market risk of foreign currency exchange rate changes does not have
material impact on the Group.
B. The open-end funds and stocks of listed companies held by the Group are classified
as financial assets measured at fair value through profit or loss and available-for-sale
financial assets. As these assets are measured at fair value, the Group has risk
exposure related to changes in fair value in an equity securities market.
C. Information of significant foreign assets and liabilities:
2010/12/31 2009/12/31
Foreign Currency
Foreign Currency
Amount
(in dollars) Rate NTD
Amount
(in dollars) Rate NTD
Financial a
ssets
Monetary item
USD
$
1,433,223,798 29.13 41,749,809
$
2,865,074,024 31.99
$
91,653,718
EUR 223,388,817 38.92 8,694,293 ,457,879,514 46.10 21,108,246
RMB 1,665,940,459 4.4205 7,364,290 2,378,574,164 4.685 11,143,620
Long-term investments
accounted for under
the equity method
USD Note 35,741,675 31.99 1,143,376
Financial l
iabilities
Monetary item
USD 1,750,708,860 29.13 50,998,149 3,516,012,632 31.99 112,477,244
RMB 1,013,400,940 4.4205 4,479,739 816,911,270 4.685 3,827,229
Note: Insignificant foreign currency assets and liabilities.
(2) Credit risk
A. Credit risk means the potential loss of the Group if the counterparty involved in the
transaction defaults. Since the Group’s derivative financial instrument agreements
are entered into with international financial institutions with good credit ratings,
management believes that there is no significant credit risk from these transactions.
B. The primary potential credit risk is from financial instruments like cash, bank
deposits, equity securities under non-equity method, and accounts receivable. The
Group deposits cash in different financial institutions. Equity securities under
non-equity method were funds and listed stocks issued by companies with good
credit ratings. The Group manages credit risk exposure related to each financial
institution and believes that there is no significant concentration of credit risk of cash
and equity securities. The customers of the Group have good credit and profit
records. The Group evaluates the financial condition of these customers in order to
reduce credit risk of accounts receivable.