Asus 2011 Annual Report Download - page 118
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114
(A) The appropriation of 2010 earnings stated above is the same as that proposed by the Board
of Directors on April 20, 2011.
(B) There was no difference between the actual amounts of employees’ bonuses and directors’
and supervisors’ remuneration for 2010 and 2009 with the amounts accrued as expenses in
the 2010 and 2009 financial statements.
E. The Company estimates the amount of employees’ bonuses and directors’ and supervisors’
remuneration according to the Company Act and the Company’s articles of incorporation. 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
$708,379 and $710,625, and directors’ and supervisors’ remuneration of $141,676 and
$142,125 for the years ended December 31, 2011 and 2010, respectively. The number of
shares of the dividend distribution is based on the closing price of the day before the
stockholders’ meeting date and considering the effect of ex-rights and ex-dividends.
Differences between the amounts approved in the stockholders’ meeting and those recognized
in the financial statements, if any, are accounted for as changes in accounting estimates and
recognized as profit or loss in the year of distribution.
(16) Treasury stock
A. In order to maintain the Company’s credit worthiness and stockholders’ interest, the Company
purchased its outstanding shares as treasury stock under the Securities and Exchange Act No.
28(2) during the years ended December 31, 2011 and 2010, respectively. Movements of
treasury stock are as follows:
Dividends Dividends
per share per share
Amount (in dollars) Amount (in dollars)
Cash dividends 8,638,233$ 14.00$ 8,918,232$ 2.10$
Stock dividends 1,357,437 2.20 - -
Directors' and 142,125 69,844
supervisors'
remuneration
Employees' cash 710,625 698,438
bonus
2010
2009
Shares Shares
(in thousands) Amount (in thousands) Amount
Beginning of the year - -$ - -$
Addition 10,000 2,609,422 10,000 2,321,248
Retirement and transfer 10,000)( 2,609,422)( 10,000)( 2,321,248)(
Ending of the year - -$ - -$
2011/1/1~12/31
2010/1/1~12/31